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TEXAS MASTER INDEMNITY AGREEMENT (T-29)
[ Insert Name of Indemnifying Title Insurance Company ](hereinafter called in this Agreement "We"), subject to the terms, provisions, and conditions of this Agreement, agree to indemnify [ Insert Name of Title Insurance Company Requesting the Indemnity ] (hereinafter called in this Agreement "You") against loss, cost damage or expense You may suffer by relying on this Texas Master Indemnity Agreement (called in this Agreement "Agreement") because of those "POTENTIAL DEFECTS" described below, if:
1. We previously have issued: (i) an owners policy to the current title holder; or (ii) a mortgagee policy to a lender who subsequently has acquired the insured land and is the seller or mortgagor in the current transaction and remains an insured under the mortgagee policy following foreclosure or a deed in lieu of foreclosure (hereinafter called in this Agreement "Our Policy");
2. Our Policy covers some or all of the land insured under Your Policy (hereafter called in this Agreement the "Land"); and
3. Our Policy did not take exception to the POTENTIAL DEFECTS.
I. Questions as to a Homestead interest in the Land
II. Questions as to whether a recorded Abstract of Judgment Lien, Federal Lien or State Tax Lien applies to a prior owner or has been satisfied or released.