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GUARANTY COMPANY
<br />STEWART TITLE GUARANTY COMPANY, a Texas corporation, 4ereinafter called the Company, for value does hereby guar-
<br />antee to the herein named Insured, the heirs, devisees, exeEutors and administrators of the Insured, or if a corporation, Its
<br />successors by dissolution, merger or consolidation, that as of the date hereof, the Insured has good and indefeasible title to
<br />the estate or interest in the land described or referred to in this policy.
<br />i? The Company shall not be liable in a greater amount than the actual monetary loss of the Insured, and in no event shall
<br />t shown iri Schedule A hereof, and shall, except as hereinafter stated, at its
<br />the Company be liable for more than the amoun
<br />own cost defend the Insured in every action or proceeding on any claim against, or right to the estate or interest in the land,
<br />,i or any part thereof, adverse to the title to the estate or interest in the land as hereby guaranteed, but the Company shall
<br />i�y not be required to defend against any claims based upon matters in any manner excepted under this policy by the excep-
<br />tions in Schedule B hereof or excluded by Paragraph 2, "Exclusions from Coverage of this Policy", of the Conditions and
<br />rr0Stipulations hereof. The party or..parties entitled to such defense shall within a -reasonable time after the commencement
<br />of such action or proceeding, and in ample time for defense therein, give the Company written notice of the pendency of
<br />f iy pony shall not be liable until such adverse interest, claim, or
<br />the action or proceeding, and authority to defend. The Com
<br />right shall have been held valid by a court of last resort to which either litigant may apply, and if such adverse interest,
<br />+ claim, or right so established shall be for less than the whole of the estate or interest in the land, then the liability of the
<br />sin
<br />t Company shall be only such part of the whole liability limited above as shall bear the same ratio to the whole liability that
<br />j'i1 the adverse interest, claim, or right established may bear to the whole estate or interest in the land, such ratio to be based
<br />J� o on respective values determinable as of the date of this policy. In the absence of notice as aforesaid, the Company is re-
<br />lieved from all liability with respect to any such interest, claim or right; provided, however, that failure to notify shall not
<br />prejudice the rights of the Insured if such Insured shall not be a party to such action or proceeding, nor be served with pro-
<br />cess therein, nor have any knowledge thereof, nor in any case, unless the Company shall be actually prejudiced by such
<br />;ti failure.
<br />�`I� �111 Upon sale of the estate or interest in the land, this policy automatically thereupon shall become a warrantor's policy
<br />�t` ��q and the insured, the heirs, devisees, executors and administrators of the Insured, or if a corporation, its successors by dis-
<br />j J solution, merger or consolidation, shall for a period of twenty-five years from date hereof remain fully protected according
<br />to the terms hereof, by reason of the payment of any loss he, they or it may sustain on account of any warranty of title
<br />contained in the transfer or conveyance executed by the Insured conveying the estate or interest In the land. The Com-
<br />"', ' .pony shall be liable under said warranty only, by reason of defects, liens or encumbrances existing prior to or at, the _date_
<br />a,l hereof and not excluded either by the exceptions or by the Conditions and Stipulations hereof, such liability not to exceed
<br />tithe amount of this policy.
<br />�i. IN WITNESS HEREOF, the STEWART TITLE GUARANTY COMPANY has caused this policy to be executed by Its President
<br />under the seal of the Company, but this policy is to be valid only when it bears an authorized countersignature, as of the
<br />date set forth in Schedule A.
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<br />A, A A
<br />S'1' I� WA R T T I T L E
<br />r\\P •.• .-. iip -.� G U A R A N T Y COMPANY
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<br />Wi Ir = i4 •., • * • � * \\Q� Chairman
<br />fil •1 Praildent
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<br />any heirs claiming by, through or under them, as to Lots 4 through 29, Block 796,
<br />Town of La Porte, and as to Lots 1 through 32, Block 825, Town of La Porte.
<br />7. Subject to Zoning Ordinances, if any, of the Town of La Porte, Texas.
<br />Countersignedt
<br />MC:By Ps
<br />Authorize n rAlgnoture
<br />S T l. %v,k IZ,r 'r I T I.1-:
<br />OVARANTT COMPANY
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