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<br />,tme~•cial c~tanc~ar•c,~ ~nsurance ~on2 j~an~ ~:>;
<br />A Corporation of Fort North, Texas (herein called the Company). :f;: ~~
<br />/alue Received DOES HEREBY GUARANTEE To ARLIE W. BRANTLEY AND WIFE, A. ,)ANTE ~~~•'
<br />ANTLEY 9:> •~
<br />:rein styled a_vsured,their heirs, executors and adminlstrators, that the y ha Ve good and '~>-'
<br />Indefeasible title to the following described real property: ~''~
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<br />"~ Lot One Hundred Sixty One (161), in Block Ten (10) of SPENWICK PLACE, SECTION TWO ''?
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<br />~~ (2), an addition in Harris County, Texas, according to the map or plat thereof record=? `;
<br />ed in Volume 48, Page 11, of the Map Records, Aarris County, Texas, said property "~•'~
<br />"~'~' being particularly described in Deed dated December 2, 1965, from M. D. Ray and Frnnce~-•
<br />`~ E. Ray to the insured herein. :~->.•~
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<br />:y subject to: ~°?.••
<br />~~ 1. Following liens: N '+:>, •~
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<br />~~ 2. Restrictive covenants affecting the property above described. "'
<br />..K 3. Any discrepancies, conflicts, or shortages in srea or boundary lines, or any encroachments or any overlapping of r~ ~"
<br />• improvements which a correct sun•ey would show. ~;>_~-
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<br />:> 4. Taxes for the year~_4_and subsequent years. D .~
<br />6. Rights of parties in possession.
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<br />6. Five (5) foot ground public utility easement over the rear, and five (5) foot '•=>.
<br />:a aerial easement adjoining all ground easements as shown on the recorded plat of said ~?_°
<br />addition. ~.~ _
<br />s 7. Fifteen(15) foot drainage easement on either side of all gullies, ravines and ~-•?c
<br />:~ ofyy,, patural dr~in8 e Cpurses as shown ~n the recorded plat of said addition. Z:>"
<br />'J~d Company shall riot b~ liable to a greater amount t an actua 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,
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<br />:~ and shall, at its own cost, defend said assured in every suit or proceeding on any claim against nr right to said !and, or ''^j;1
<br />any part thereof, adverse to the title hereby guaranteed, provided the party or parties entitled to such defense shall, i '
<br />J 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 de[end, and said Company ~'
<br />shall not be liable until such adverse interest, claim, or 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 />.D whole of the property, then the liability of the Company shall be only such part of the whole liability limited above as ;;>~~o
<br />shall bear the same ratio to the whole liability that the adverse interest, claim, or right established may bear to the '
<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 relie.•ed from all liability with respect to such claim or demand; provided, hmv- ~;>~+:
<br />ever, that failure to notify shall not prejudice the claim of the assured, if such assured shall not be a party to such ;~_~r,
<br />action or procedure, nor be served with process therein, nor have any knowledge thereof, nor in any case, unless the
<br />Company shall be actually prejudiced by such failure. ~>?"
<br />d Upon payment of any loss hereunder, the Company shall be entitled to be subrogated to all rights of assured against ~;~'
<br />p all other parties. ~••
<br />~ Upon sale of the property covered hereby, this policy automatically thereupon shall become a warrantors policy and ?_>'•;
<br />the assured, his heirs, executors and administrators, shall for a period of twenty-five years from date hereof remain
<br />fully protected according to the terms hereof, by reason of the payment of any loss he or they may sustain on account •~•>••O
<br />of any warranty contained in the deed executed by assured conveying said property. The Company to be liable uncier '>.•u
<br />said warranty only by reason of defects, liens or encumbrances existing prior to or at the date hereof (and not excepted
<br />5 above), such liability not to exceed the amount above written. :>~~'
<br />i Nothing contained in this policy shall be construed as insuring against loss or damage by reason of fraud on the ~?:;
<br />) part of the assured; or by reason of claims arising under any obligation of the assured; or under any act, thing, or :(.~''.'
<br />. trust relationship, done, created, suffered or permitted by the assured.
<br />IN WITNESS WHEREOF, this Company has executed and attested these presents; but this policy shall not be a'p~v
<br />valid unless countersigned by the duly authorized Agent or Representative of the Company, yL> w
<br />.•~~j,gp ~p•~~ (SEE REVERSE SIDE HEREOF) -
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