HomeMy WebLinkAboutTitleFORM T-2 MORTGAGEE POLICY OF TITLE TRANCE i +
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under your policy, you must furnish written notice in accordance with Section 3 of the Conditions and Stipulations.
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MORTGAGEE POLICY OF TITLE INSURANCE ISSUED BY
s
GUARANTY COMPANY
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED
IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, STEWART TITLE GUARANTY COMPANY, a Texas
corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage,
not exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the insured by reason of:
1. Title to the estate or interest described in Schedule A being vests other than as stated therein;
2. Any defect In or lien or encumbrance on the title;
3. Lack of a right of access to and from the land;
4. The invalidity or unenforceabibty of the lien of the Insured mortgage upon the title;
5. The priority of any lien or encumbrance over the lien of the l
6. Lack of priority of the lien of the insured mortgage overanyl
or materialman's lien for labor or material having Its inceptlo
7. The invalidity or unenforceability of any assignment of the fn;
in Schedule A, or the failure of the assignment shown lit Slit
named insured assignee free and clear of eli liens;
8. Lack of good and indefeasible title.
The Company also will pay the costs, attorneys' fees and expen
insured mortgage, as insured, but only to the extent provided in P
In witness whereof, Stewart Title Guaranty Company has caus
authorized officers as of Date of Policy shown,in .Schedule A.
S T EH'A RT. T
Chairman
Sgnatory
COUNTY ABSTRACT COMPANY
Texas
City, state
stitutional mechanic's, contractor's,
late of Policy;
provided the assignment is shown
title to the insured mortgage In the
in defense of the title or the lien of the
and Stipulations.
y to be signed and sealed by Its duty
EXCLUSIONS FROM COVERAGE
The following matters are expressly excluded from the coverage.ofdhis poticy;ond the Company will not pay loss or damage, costs, ottomeys' fees
of expenses that arise by reason of:
1. (a) Any low, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations)
restricting, regulating, prohibiting or refoting to (i) the occupancy, use, or enjoyment of the fond; (ii) the character, dimensions or location of any
improvement now or hereafter ereded on the land; (Ili) a separation in ownership or a change in the dimensions or area of the land or any
parcel of which the land is or was a part; or (iv) environmental protection, or the effect of any violation of these lows, ordinances or governmental
regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, lien or encumbrance resulting from a violation or
alleged violation affecting the land has been recorded in the public records at Date of Policy.
(b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a
defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Dole of
Policy.
2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records of Date of Policy, but not excluding
from coverage any taking that has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without
knowledge.
ao. M-5842- 8 7 9 4 8
562 (Rev. 1e-1-e7