the photo was produced by the photographer for single usage, say, printed in a magazine, or an ad. It was then supposed to be returned to the photographer or agent so it wouldn't be used again. The one-time use is indicative of how much the photographer got paid. There could have been hundreds of these made and sent to every magazine, agency, movie studio, or newspaper in the country, only 1, or something in-between - the first being most likely. More research might show whether it's collectible.
I'm not a lawyer, but the restrictions certainly applied to the original recipient of the photograph. I don't know whether they would pass to you. The photographer does show up in a search - is there trust/foundation acting to preserve his work and would want to enforce the restrictions? They may have clearer answers to your questions but you may also be opening a can of worms. If the photograph and photographer are really significant or you paid a lot or bought for investment you may want to do that. If you like the photograph and bought it because you like it and know her as an actress of note, I'd put it on the wall enjoy it and pursue it no further.