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<br />Lmercia~ c~tanc~arc~ ~nsurance ~om an• .~~
<br />A Corporation of Fort North, Texas (herein called the Company). ~ ')=>,~b
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<br />/alue Received DOES HEREBY GUARANTEE To ARLIE W. BRANTLEY AND WIFE, A. JANIE ~~
<br />ANTLEY -
<br />:rein styled assured,their heirs, executors and administrators, that the y ha ve good and '`'~'~:
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<br />indefeasible title to the following described real property: ~:'•,
<br />Lot One Hundred Sixty One (161), in Block Ten (10) of SPENWICK PLACE, SECTION TWO ''~!•~
<br />(2), an addition in Harris County, Texas, according to the map or plat thereof record=~=.~'
<br />ed in Volume 48 Pa a 11 of the Ma Records Harris Caunt Texas said ro ert "?~~~
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<br />being particularly described in Deed dated December 2, 1965, from M. D. Ray and Franee,~-;
<br />E. Ray to the insured herein. ~'''~
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<br />subject to: '1;>.',
<br />1. Following liens: N :~
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<br />2. Restrictive covenants affecting the property above described. ;~~~;'
<br />3. Any discrepancies, conflicts, or shortages in area or boundary lines, or zny encroachments or any overlapping of ~,;'~,
<br />improvements which a correct survey would show.
<br />4. Taxes for the year~lfl-and subsequent years. ~->!~
<br />6. Rights of parties in possession. T>'~
<br />6. Five (5) foot ground public utility easement over the rear, and five (5) foot ~?;
<br />aerial easement adjoining all grnund easements as shown on the recorded plat of said:?,`
<br />addition. ~:~ ;
<br />7. Fifteen(15) foot drainage easement on either side of all gullies, ravines and ~~`'
<br />of t~atural draing Q Cpurses as shown ~n the recorded plat of said addition. ~:~'
<br />~~id Company shall not b~ liable m a greater amount than actual monetary loss of assured, and in no event shall said `'
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<br />Company be liable for more than THREE THOUSAND AND NO/ 100 - - Dollars, <~„
<br />and shall, at its own cost, defend said assured in every suit or proceeding on any claim against or right to said land, or ~;~'
<br />any part thereof, adverse to the title hereby guaranteed, provided the party or parties entitled to such defense shall, ~~; "r
<br />within a reasonable time after the commencement of such suit or proceeding and in ample time for defense therein, give ~?-~:`;
<br />said Company written notice of the pendency of the suit or proceeding, and authority to defend, and said Company ~~":
<br />shall not be liable until such adverse interest, claim, ar right shall have been held valid by a court of last resort to :~~,
<br />which either litigant may apply, and if such adverse interest, claim, or right so established shall be for less than the -
<br />whole of the property, then the liability of the Company shall be only such part of the whole liability limited above as ;>~•'
<br />shall bear the same ratio to the whole liability that the adverse interest, claim, or right established may bear to the ? ;~" o
<br />whole property, such ratio to be based on respective values determinable as of the date of this policy. In the absence • -
<br />of notice as aforesaid, the Company is relieved from all liability with respect to such claim or demand; provided, how- ~:~:-`
<br />ever, that failure to notify shall not prejudice the claim of the assured, if suclt assured shall not be a party to such ;~:~~;
<br />action or procedure, nor be sen•ed with process therein, nor have any ]rnowledge thereof, nor in any case, unless the ...
<br />Company shall be actually prejudiced by such failure. ~1:>-
<br />Upon payment of any loss hereunder, the Company shall be entitled to be subrogated to all rights of assured against ~;j ~:,
<br />other parties. ,,~ ;,u
<br />Upon sale of the property covered hereby, this policy automatically thereupon shall become a warrantors policy and +',;>,•
<br />assured, his heirs, executors and administrators, shall for a period of t~~•enty-five years from date hereof remain :`.,-~`•
<br />protected according to the terms hereof, by reason of the payment of any loss he or they may sustain on account :-"'••~
<br />~~ warranty contained in the deed executed by assured conveying said property. The Company to be liable under ,;> ~•~
<br />=rranty only by reason of defects, liens or encumbrances existing prior to or at the date hereof (and not excepted ,.';"%
<br />such liability not to exceed the amount above written.
<br />ing contained in this policy shall be construed as insuring against loss or damage by reason of fraud on the '~~~.•,
<br />assured; or by reason of claims arising under any obligation of the assured; or under any act, thing, or ,j ti~
<br />-mship, done, created, suffered or permitted by the assured. ;•,/ ::
<br />'NESS WHEREOF, this Company has executed and attested these presents; but this policy shall not be •" '
<br />~~~~tersigned by the duly authorized Agent or Representative of the Company. `l:>~;';
<br />~~;:1 (SEE REVERSE SIDE HEREOF) L_;:>:.S
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