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PETER AND HAZEL PEIFER 't~',~,~., ) !' . \, ,'i, ,,,.}t....: '\ ;'~ ~ '_ t ~ ~ & ARRA"l-TY DEED I 'l30J83JS .1./~,"""e day of I l). ~. 4007 fAGE 898 RAMeo FORM 4 This Indtfd"rt~ ItJade this JttWttn March , A, D, 19 73 . PETER G. PEIFER and HAZEL E. PEIFER, his wife, of the County of Pinellas parties of the first part. and whose mailing address is P. O. Box 4748, Clearwater, of the County of Pinellas and State of Florida CITY OF CLEARWATER, FLORIDA, a municipal corporation, and State of Florida party of the second part. Uitntsstth~ that the said part ies of the first part. for and in consideration of the sum of -----------Ten ($10.00)--------- Dollars, and other good and valuable considerations to them in hand paid. the receipt whereof is hereby acknowl- edged. have "7jRimeiCbargained, soldi11ld conveyed, and by these presents do grant.bar- gain. sell, convey and confirm unto the said party of the second port and its succe~ and assigns forever, all that cprtain parcel of land lying and bp/llg ill the County of Pinellas and State of Florida , more particularly described as follows: That part of Lots 1 and 2, Rainbow's End Subdivision, lying West of Edgewater Drive to the Bulkhead line as established in Clearwater Bay (St. Joseph Sound), all being in Section 3, Township 29 South, Range 15 East, according to the map or plat thereof as recorded in Plat Book 9, Page 138, of the Public Records of Pinellas County, Florida. r ~ ~ u ;z: "' This property is deeded to the City for right-of-way and esthetic park purposes only, and in the event that the City should use the property for any other purpose than the foregoing or construct or allow to be constructed thereon any above-ground structure of a permanent nature, with the exception of park benches, sea wall and the like, then this property shall revert to the Grantors to be theirs abs olutely. N "" - -v :E f,::.o: v.,!"f, CJ : C'"::.'L.. <: ;:; ~ 1', g }- ,~ :n '_ -; ... .. .....a ~ '~~ -'% w::> 20 n:-u c" , ,('~;.~"\~~ D~~~EJ;T~~,~ \ ";,:' '~,' rLUt{I()W-~" -, . ~ ~::;'/ 1.,:: 0 9. 9 0 ~ DfP1 MAl123'73 P.Il, - ~ Df \I 047 PEYlHIll tf) "" ,. -' >- -'Z au::> Zo (:U _------=..---=-~ A I 0:> STATE of ,fL~~~C?AX I 0:> DOCUMENTARY :"'"'~ ' I :. ~PT, o~ REVENUE ~, .~\):::: Z 6, 4 0 i := ::: MAR23'73 \~'~~;~l , 0-> - EB. ~~. - _ 10534 ~ = r- en r;'f":>-' = Ln = .','A. ,'., ~...~_ '""'. " '\.... .. ,", .... -', '.,"',:',i'.~' "', "- ""'.;' ,~._-',-' ... ,.....^'-" ^, ., '. .. ~,,,-,,-. ' - . '.~ -. -' ,-,,- ",...:-.,,.l>..)'>......"-............. .." ,.' Togethtr with all the tPlzements. hereditaments and appurtenanrps, with every privilege. right. title. interest and estate. dower and right of dower, reversion, remainder and easement thereto belonging or in allY wise appertainina: Jo JlaUt and to liold the same in fee simple forever. And the said parties of the first part do COVPllant with the said party of the serond part that they are lawfully seized of the said premises. that they are free from all encumbrances and that they have good right and law- ful authority to sell the same; and the said parties of the first /JUrt do hereby fully warrant the title to said land, and will defend the same against the lawful claims of all persons whomsoever. In Uilntss 'Uhtrtof~ the said patties' of the first part have hereunto set hand s and seals the day and year above written. Signed~ sealed and delivryed in o~ur presence: n~:;?4~.~C'..', --,.,,-, ..,C!. "~::::'~-I~--~--.-,-,---,_.-------.",, """,. .'n.'... ,,-- ...' ~~, -"~ U~~tkta~e" ""nnnnn. ?j'} " \~~' ~'!~~:7hlt(z;fE'~"-PeIl~ ':_'~/h_...__m . ",,__. .~<_m _______..,.. _____,___. m' ~:.______mu_____________ . .'" ,_,._ ,___.."'____umu__'u__________.___u.___u_.____._______uu_ . This Instrume1lt prepared by,' Address Th;, i,'~'" , , .,.., ..,,[1 t:n;'Jlt Vi:\.'; 'Jrc')ared by' HEI";'T,'l".' "'j ".." , " "~ . \la"~., ' ,.." I, ", \...,t . _.'" . ..........1.......... '.", ',;:"l j L orney CIty ~f C12anvater, p, O. Box 4748 ,Clearwater, Florida 33518 RETURN TO: CITY CLERK P. O. BOX 4748 CLEARWATER, FL, ~'007-()1 (3'1) . . ~.,,, I I - ---~---I \ ~-:' . - -- - '. ~2> ~o ~ ~ ~ ::: ~ Q '~ c... ~- ..:::.- ~ :::::r- .... '<I V':l <:o.l :i: ........ ~ It ~ 0 = l1. ...... 0 Q u ~ ...... :i: .... <( ~ ~ It b ~ V':l I ~ ...Q ~ - <IiolI ........ ~ ,~ ~. o >..) ~ :.)0 -:Y> ~ .$'~ ., ~ ..(r oS:> <--' ..) 01' '"" <" ~ "b~ a::ouEJ!1SUl p:JIHlt'mSU12J[ Jiq papuog 'VL6! '[ ';jn'lf SOlidx3 UO!o;SilUWOJ ^IAI 8j3,)2"~ +[ ht.)I.i:JU J.O 0~L<~:'::; "JdQnd /,-~e+()N ,"' '"..1 f"'< ....~,'" ~, ~c~,~ ';. 'I' ,""," r / "fl. C., ~,~ ,,~ sa.l!dxa UO!SS!WWm AW "!7ff'i/N ~ Ii} .. ....""" .". c_ k....." ,- ' ,,~ ~ ., ~ ' ;,:,:\~~t\\\\\\. . fL6[ 'a 'v ' q:> ,rew ! 0 AVP ~ "('l' S!"fl p!Vsa.lOjv ISV] alVIS' PUD AlunOJ a'l{l U! ]vas ]Vp!!!o puv puv'I{ Aw SS3Ul!f1Jl . 'awps atll pamJaxaJ...a'l{:j. ID'I{1 aw a.l~aq pafJpa]moUJpv 'puv-luawn.llSU! ;Ju!oiJaIoja1f.l p;nnJ'axa o'l{m pup 11! paq!.lJsap suos.lad <J'I{1 aq 01 umoUJf aill-oJ ' 'a,HM. s1Q '.la,Had '3: Taz'eH pU'e .la,Had '!) .la:j.ad pa.llJaddv '(lllJuos.lad 'sluawfJpa]moUJplJ a'JfDI 01 P!DSa.lojD .(lunOJ a'l{l U! p.1lD P!DS -a.lojD alDIS a'l{l U! paZ!.lo'l{l'W ,(]TlP ,la:J!fjo UD 'aw a.lo!aq '.(lJP S!'I{1 uo lD'I{.], ~fiJHJ3J fiq3J311 I SV'"I'"! :mId JO filUllOJ VanIO'"! .!I ]0 31Vl$" 66B 3aVd lOOv'~ 'Q ~ ~ " v, \, , ~ ~, I I CITY OF CLEARWATER CITY HALL - P.O. BOX 1348 CLEARWATER, FLORIDA AFFIDAVIT OF NO LIENS STATE OF FLORIDA ) COUNTY OF PINELLAS ) Before me, the undersigned authority, personally appeared PETER G. PEIFER and HAZEL E. PEIFER. his wife. , tolho, being first duly sworn, depose l. That they are and say the ownersof the following described property in Pinellas County, Florida, to-wit: That part of Lots 1 and 2, Rainbow's End Subdivision, lying West of Edgewater Drive to the Bulkhead line as established in Clearwater Bay (St. Joseph Sound), all being in Section 3, Township 29 South, Range 15 East, according to the map or plat thereof as recorded in Plat Book 9, Page 138, of the Public Records of Pinellas County, Florida. 2. That said property is now in possession of the record cwner I 3. That there has been no labor performed or materials furnish- ed on said p~operty within the past ninety (90) days for which there are unpaid bills for labor or materials against said property. 4. That there are no liens or encumbrances of any nature af- fectinq the title to the property hereinbefore described. 5. That it is hereby warranted that no notice has been received of any public hearing regarding assessments for improvements by any gov- ernment within the past ninety (90) days, and it is hereby warranted that there are no unpaid assessments against the above property for improve- ments thereto by any government, whether or not said assessments appear of record. 6. That the representations embraced herein are for the purpose of, inducing_ the.GitYcoLClearwater, Florida, to purchase the above described property. Sworn to and subscribed before c"me t,his ;{"J.. t:;J., day of March ,:' 19 13- -~... ", ........~(l~ N; ary vh!i~ , " l'4otarv p"t>F,. ::t~~D ~f F'Mida at , arge - - My CommiG~ion E'([,:res Aug. 1, :974 Bontled-bY .I HIOSiili,,,'''_d I,t=.uran"e ~ I I CLOSING STATEMENT Clearwater, Florida March 22, 1973 Seller: Peter G. Peifer and Hazel E. Peifer, his v;.rife Purchaser: City of ClearNater, Florida Property Description: Part of Lots 1 & 2, Rainbow! 5 End Subdivision Credits to Seller: Sales Price $8,795.00 Credits to Purchas er: . .- Cash to close $8,795.00 $8, 795. 00 $8,795.00 P~rchaser' s Expenses: Docurnentary Stamps on Deed: ,State $26.40 Sur~tax 9.90 $36.30 Chelsea Title Co. - title insurance 88. 00 Recording Deed 6. 00 $13~30 ~ I I AGREEMENT FOR PURCHASE AND SALE OF REAL ESTATE STATE OF FLORIDA COUNTY OF PINELLAS ~"',,/ made and entered into this /.J~ay of , , A. D. 1973, by and between PETER G. ~.EIFER and HAZEL , his wife, hereinafter referred to as 110wner'l, and the CITY OF CLEARWATER, FLORIDA, a municipal corporation, hereinafter referred to as "Purchaser"; WITNESSETH: WHEREAS, the City of Clearwater requires property hereinafter described for right of way and esthetic park purposes, and said Owner is desirous of furnishing same for such purpose; NOW, THEREFORE, in consideration of the premises and other good and valuable considerations, it is agreed as follows: 1. The Owner agrees to sell and convey, by good and sufficient warranty deed, free of liens and encumbrances, except as herein otherwise indicated, unto the City of Clearwater, Florida, a municipal corporation, the following described land in Pinellas County, Florida, to wit: That part of Lots 1 and 2, Rainbow's End Subdivision, as recorded in Plat Book 9, page 13 of the Public Records of /f11/JC/ Pinellas County, Florida, lying West of Edgewater Drive (/~r] TOa8i.the Bulkhead Line as established in Clearwater Bay , '~ (St. Joseph's Sound); all being in Section 3, Township 29 I I South, Range 16 East, Pinellas County, Florida, at and for the sum of Eight Thousand Seven Hundred Ninety..five Dollars ($8,795.00), net to the Owner. Said Deed shall provide that the property is deeded to the City for right of way and esthetic park purposes only, and in the event that the City should use the property for any other purpose than the fore... going or construct or allow to be constructed thereon any above-ground structure of a permanent nature, with the exception of park benches, sea wall and the like, that this property shall revert to the Grantors to be theirs absolutely. ..1... ..... ~ "\ .. ,4'0 .. J I 2. Purchaser shall pay said sum in cash within ninety (90) days from date hereof upon simultaneous delivery of such deed of conveyance. IN WITNESS WHEREOF, the parties hereto have caused these presents to be executed on the date first above written. Signed, sealed and delivered in the presence of: I rrZtt:J:;& ~U-L Peter G. ~r --., f/' , (SEAL) "/ . 5-\ J" ",) ,_ J>; < ?:i7"" ..,~ /2.< "".,{.~/ (SEAL) '" / Haze E. Peifef /' I I :.-----/ p. FLORIDA By .I City Manager . ... 2.. ~~~~~~~~~~f~~~~~~~~~~~~~~~~~~~~~ ~ " OWNER'S POLICY I ~ ~ - ~ ~ ~~ I Cite lea :-Aile ani (juaranl'J Compan'l I ~ ~ ~ HOME OFFICE, ATLANTIC CITY, N. J. ff'~ ~ ~ ~ N~ 803292 F ~ ~ Binder #168181B ~ I App. N 0......,.Q.&7'*-......... Amount~.~.&O'.O',.Q.q.... m ~ ~ ~ This Policy of Title Insurance Witnesseth: That the Chelsea Title and Guaranty Company, herein ~ ~r.R called the Company, in consideration of the payment of the premium for this Policy, does hereby covenant and ~ G!'W agree that it will pay to ~~ ~ ~ ~ * * * CITY OF CLEARWATER, FLORIDA * * * ~ ~ hereinafter called the Insured, the heirs, devisees, or personal representatives of the Insured, all loss and damage ~ ~~ not exceeding ~ ~ ***EIGHT THOUSAND EIGHT HUNDRED and NO/IOO********Dollars ($ 8,800.00 ), ff'~ ~ which they, or any of them, shall sustain by reason of any defect or defects in the title of the Insured to the ~ ~~ estate or interest of the Insured in the real estate described under Schedule A, hereto annexed, or by reason ~ ~ of liens or encumbrances against the same as of the date of the final examination of the title thereto, to-wit: ff'~ ~ h' h d h II b Mdarchd h23rffd, .19d73 aft h~:p581' P.M. . h d f t ts b' t. ~ ~~ W IC ate s a e eeme tee ectIve ate 0 t IS 0 ICY, exceptmg tee ects, es ates, interes , 0 Jec IOns, ~ ~ liens or encumbrances mentioned in Schedule B, hereto annexed, or excepted by the conditions or stipulations of ff'~ ~ this Policy hereto annexed and incorporated herein as a part of this contract. Any loss hereunder shall be established ~ ~~ and the amount thereof ascertained in the manner provided in said conditions and stipulations and be payable upon ~ ~ compliance with the provisions of same and not otherwise. ff'~ ~ ~ ~~ This Policy shall not be binding until it shall have been countersigned by an authorized signatory of the ~ ~ Company. ;TO. ~ ~ ~ In Witness Whereof, C~lItlla :Jilt and (juarant'l ~ ~ Compan'l has caused these presents to be signed in facsimile by its duly ~ ~ authorized officers and its corporate seal to be affixed in accordance with ~ ~ ii, By-Law" Ihi, Ih, ~~~rd , 1973. day 01 ~ ~ e~elea :Aife and Fluaraniu eompanu ~ ~ ~. ~ ~ ~ ~ ~ ~ ~ / ./~ ~ ~ P'dt ~ I By, MARJqRIE J. MICHAEL, ~sst. secret:[;!'yEST: ~n · a ~ ='::-;11 I ~ ~ ~ Authoriz Sig tory ~~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~~~ - I , . I SCHEDULE A App. No...... .?9.~ ,8.?Y-,........ Policy No. :.80.3.~.9.?r......, Insured: * * * CITY OF CLEARWATER, FLORIDA * * * Effective date: March 23rd, 1973 at 2:58 P.M. Amount of liability: $ 8,800. 00 1. The estate or interest of the Insured in the real estate described below covered by this Policy is FEE SIMPLE. 2. The deed or other means by which the estate or interest covered by this Policy is vested in the 'Insured is described as folh)ws: WARRANTY DEED executed ,by Peter G. Peifer and Hazel E. Peifer, his wife, in favor of City of Clearwater, Florida, dated March 22, 1973 and filed March 23, 1973 at 2:58 P.M. in O.R. Book ~007, page 898, of the Public Records of Pinellas County, Florida. 3. Description of the lalldin which the Insured has the estate or interest covered by this Policy. That part of Lots 1 and 2, RAINBOWTS END SUBDIVISION, lying West of Edgewater Drive to the Bulkhead line as established in Clearwater Bay (St. Joseph Sound) all being in Section 3, Township 29 South, Range 15 East, according to the map or plat thereof as re- corded in Plat Book 9, page 138, of the Public Re- cords of Pinellas County, Florida. Countersigned: I I SCHEDULE B This policy does not insure against loss or damage by reason of the following: 1~ Rights or claims of parties other than the Insured in actual possession of any or all of the property. 2. Any variation in location of lines or dimensions, deficiency in quantity of ground, or any state,of fact which an acceptable survey would disclose, or which are visible or ar~ known to the insured. . 3. Rights of way and easements over, across, above or below the surface of the land not disclosed, of record or arising by necessity or implication. 4. Possible unfi1ed mechanics' and materialmen's liens. 5. All assessments and taxes for the year 1973 and all subsequent years. 6. Liability for municipal improvements made or authorized but not assessed. 7. Riparian rights, rights of accretion, reliction, submerged lands or any other water rights of any nature whatsoever are neither guaranteed nor insured under the terms hereof. 8. Subject to restrictions and reverter clause as shown in Deed recorded in O. R. Book ~007, page 898 of the Public Records of Pinellas County, Florida. Form No. 22-B ----. , " ." . I ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~ ~ ~ (~ ~ r~ ~ 1-:) ~ el S' ~ ~ ~ ~ e:4 ~ ~r.U ~ $:I ~ "E.9 ~ ~ ~ ~~ ~ ~::z:;3 ~ ;;? ~ ~ ffl~ ~ ~. ~ ~...... $:I ~! C:J l;A>O ~ ~ S@ ~ ~ ~ ~ ~ ~ ~ ~ z~. ! ~ ~ [ a ~ ~ ~r.U '-< ~ :4 M ~ ~ $:I Q h ~ i?~ ~:3;3 ~~ ~ r' ~~ ~~. ~ . ~ ~ ~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ I 1"." "" , CONDITIONS AND STIPULATIONS OF THIS POLICY 1. The Company shall have the right to, and will, at its own cost and expen,., delend the title insured by this Policy in any action 01 ejectment or other action or proceeding founded upon a claim of title, encumbrance or defect, which existed, or is claimed to have existed prior in date to the effective date 01 this Policy, and not excepted herein, In case any such action or proceeding shall be begun, it shall be the duty 01 the Insured at once to notify the Company in writing 01 the lull particulars thereol and secure to the Company the right to defend such action or proceeding in the name 01 the Insured and to give all reasonable assistance therein. Failure to notify tbe Company as aforesaid at its Home Office, within ten (10) days after process or notice in such actiun or proceeding shall be served upon the Insured, shall operate as a lull release and discharge 01 the Company Irom any and all liability with respect to the subject matter of such actit1D or proceeding; provided. however, that hilure to notify the Company as aforesaid shall not prejudice the claim of the Insured il the Insured shall not be party to such action or proceeding; nor be served with summonses, process or notice therein: nor have any knowledge thereoL The Company reserves the option 01 settling the claim or paying the Policy in lull; and the payment, or tender of payment, to the lull amount of this Policy shall operate as a lull release and discharge 01 the Company Irom any and all liahility under this Policy, 2, Whenever the Company shall have settled a claim under this Policy, it shall be subrogoted to the rights and remedies of the Insured against any other person O[ property in respect to ~he subject matter of such claim and the Insured shall transler or cause to be translerred to the Company such rights, .o;;ecurities and remedies and permit the Company to use the name of the Insured lor the recovery thereof. Any sum collected on such rights, securities and remedies over and above the amount 01 loss paid by the Company shall belong, aod on demaed shall he paid to the Insured. The Insured warrants that such rights, securities and remedies shall vest in the Company unaffected by any act of the Insured. 3. Nothing contained in this Policy shall be construed as insuring against loss or oamagf;' by reason of fraud on the part of the Insured, or by reason of claims arising under any act, thing, or trust relationship done, created, suffered or permitted by the Insured; or by reason of the lact that the Insured was not a purchaser for value, or that the acquisition of the estate or interest hereby insured cnntravened the laws of tbe United States establishing a uniform 5ystem of hailkruptcy; or against the rights of dower and homestead, if any, of the spouse of the Insured; nor will the Company be liable in any event for any loss or damage arising from the refusal of any party to carry out any contract to purchase, lease or loan money on the estate or interest insured. 4. A statement in ,,-riling of any loss Of damage for wbich it is claimed the Company is liable shall be furnished to the Company within ,ixty days alter such los~ or damage, and no right of action shall accrue under this Policy until thirty days after such statement shall have been lurnished and no recovery shall be had under this Policy unless action shall be commenced thereon within one year after the expiration of said last mentioned period of thirty days; and a failure to fur,nish such statement of loss or damage, and to commence such action within the time ber~inbefore specified, shall be a conclusive bar against the maintenance of any action under this Policy. ,5. All payments under this Policy, or any owner's policy issued to tbe Insured's vendee or vendees covering any part of the property described berein, shall reduce the amount of insurance pro tanto, and no payment can be demanded without producing the Policy for endorsement of sllch payment. If the Policy be lost or dcstroyed, indemnity satisiactory to the COmp3.DY mU5t be furnished, It is "pressly understood and agreed that any loss payable under this Policy may be applied by the Compaoy to the payment of any mortgage mentioned in Schedule B, the title under which is insured by the Company. or which may be held by the Company, and the amount so paid shall also be deemed a payment to the Insured under this Policy, The aggregate liability of the Company under the, Policy and any policy issued to the holder 01 such mortgilge shall not exceed the amount of this Policy. 6, Nothing contained in this Policy shaH be construed as insuring (I) against the consequences of any law I ordinance, or governmental regula.tion {including building and "zoning" ordinances) limiting or regulating the use or enjoymen t of tbe property herein described or the character, dimensions, or locations 01 any improvement' erected or to be erected thereon, or (2) against the consequences of tbe exercise or attempted exercise of 'lpolice power" or the power of "eminent domain" over said property, or (3) tbe title to any personal property, whether tbe same be attached to or used in connection with the property herehy insured or otherwise, or (4) the title or rights 01 the Insured in any property beyond the line 01 the property described in Schedule A, or in any streets, roads, avenues, lanes or ways in said property or upon which said property abuts, or to tide lands or lands comprising the shores and bottoms 01 navigable rivers, lakes, bays, ocean or gull, or lands beyond the line 01 the harbor or hulkhead lines as established or changed by the United States Government, or to filled in lands or artificial islands or riparian rights, or (5) that the buildings or other erections on the property comply with State and :.funicipJ.l bw."-, regulations and ordinances, or (6) against loss or damage by reason of mechanics' or materialmen's liens, liens of contractors, sub- contractor3 or other liens arising out of the construction or repair of buildings and improvements on the property, the title to which is hereby insured, not filed or 01 record at the effective date 01 this Policy, or (7) against loss or damage by reason of the rights, titles or occupancies of parties in actual possesa sion of any or all 01 the property herein described at the effective date 01 this Policy, or (8) the ~creage or area contained in a given tract, nor accuracy or locat.ion of, boundary lines, nor the location or contiguity of the interior lines of any parcels making up such property, unless an accurate survey of the property described is lurnished, or (9) against acts done or suffered by the Insured and not disclosed by the application upon which this Policy was issued, 7, The Company shall not be liable hereunder for the cost and expense incurred in the satisfaction or removal of liens upon or objections to the title, which were found upon examination of title to exist at the effective date of this Policy, but which shall have been satisfied or removed prior to the date of the actual delivery of this Policy, 8. If the property described in Schedule A is divisible into separate independent parcels and a loss is established affecting one or more of said parcels, the loss shall be computed and settled on a pro rata basis as if the face value of this Policy was divided pro rata as to the value of each separate independent parcel, exclusive of the improvements made subsequent to the date of this Policy, to the whole. 9, Defects and encumbrances, arISIng after the effective date of this Policy, or created, suffered, assumed or agreed to by the Insured, and taxes and assessments which have not become liens up to the effective date of this !lolicy, or which, aIthouRh they have become liens, are not payable until some future date or in future installments, are not to be deemed covered by this Policy; and no approval 01 any transfer 01 this Policy shall be deemed to make .it cover any such defect, encumbrance, taxes or a.<;sessments. 10. Any untrue statement made by the Insured, or agent 01 the Insured, with respect to any material fact; any fraud perpetrated; any suppression of or failure to dL')Close any material facts; any untrue answer by the Insured, or the agent of the Insured, or the agent to the Insured, to material inquiries bel ore the issuing of this Policy, shall void this Policy. II. The torm "the Company" as herein used, means CHELSEA TITLE AND GUARANTY CO~IPANY, and the term "the Insured" means the person or persons in whose favor this Policy is issued. 12, No officer, aRent or other representative 01 the Company, shall have tbe power to waive any of tbe conditions or stipulations of this Policy. except the President or one of the Vice-Presidents of the Company, and such waiver, if any, shall be written upon or attached hereto, This Policy necessarily relates solely to the title prior to and including its "effective date" as herein defined. This Policy IS not transferable to subsequent owners. A Reissue Policy III favor of new purchasers should be obtained.