T-20 TX Owner Title Policy Commitment to Texas Department of Transportation

OWNER TITLE POLICY COMMITMENT TO

TEXAS DEPARTMENT OF TRANSPORTATION

Date __________________

G.F.# _________________

Proposed Title Policy to STATE OF TEXAS

Parcel No. _____________

Project No. ____________

This commitment is in connection with an order placed with us for an Owner Title Policy on the real estate described on the reverse side hereof.

We will issue and deliver to you our Owner Title Policy, on the described property, in the form prescribed by the Texas Department of Insurance, upon delivery to us of the deed executed by the proper parties, acceptable for filing, upon your issuance and delivery to us of your warrant in the amount of _____________________________________ ($__________________) payable to the undersigned and ______________________________ and upon the negotiation of said warrant.

This Owner Title Policy will be free of all defects, liens and encumbrances; subject only, to the following:

1. Following liens: None

2. Restrictive covenants affecting the property herein described.

3. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements.

4. Easements:

a.

5. Leases and/or mineral requirements:

a. Oil, gas, and sulphur as provided for in deed.

6. Standby fees, taxes and assessments by any taxing authority for the current year.

This commitment shall be used only in connection with the issuance of the above mentioned Owner Title Policy.

[Property Description on Reverse Side]

 

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