Loading...
HomeMy WebLinkAbout1995-208B:\BARWORTH.ORD ORDINANCE NO. 9,�-- 2O9 AN ORDINANCE OF THE CITY OF DENTON, TEXAS APPROVING A CONTRACT BETWEEN THE CITY OF DENTON AND BARWORTH CORPORATION; AUTHORIZING THE MAYOR AND THE CITY MANAGER TO EXECUTE ANY AND ALL DOCUMENTS NECESSARY TO CONSUMMATE THE PURCHASE OF REAL PROPERTY IN ACCORDANCE WITH SAID CONTRACT; AUTHORIZING THE EXPENDITURE OF FUNDS AND PROVIDING AN EFFECTIVE DATE. THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION I. That the City Council of the City of Denton, Texas, hereby approves the contract between the City of Denton and Barworth Corporation, a copy of which is attached hereto as Exhibit "A" and incorporated by reference herein. SECTION II. That the City Council hereby authorizes the Mayor and City Manager to execute any and all documents necessary to consummate the purchase of real property in accordance with said Contract. SECTION III. That the City Council hereby authorizes the expenditure of funds as provided in the Contract. SECTION IV. That this ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this the // 7&h day of 1995. BOB CASTLEBERRY, ATTEST: JENNIFER WALTERS, CITY SECRETARY ff 1 .10o04 / X l/, APPROVED AS TO LEGAL FORM: HERBERT L. PROUTY, CITY ATTORNEY EXHIBIT "A" STATE OF TEXAS COUNTY OF DENTON THIS CONTRACT OF SALE is made by and between BARWORTH CORPORATION (hereinafter referred to as "Seller") and CITY OF DENTON, TEXAS, a home rule municipality, of Denton, Denton County, Texas, (hereinafter referred to as "Purchaser"), upon the terms and conditions set forth herein. PURCHASE AND SALE Seller hereby sells and agrees to convey, and Purchaser hereby purchases and agrees to pay for land situated in Denton County, Texas, known as LOT 1 AND 2 OF BLOCK 9, OWSLEY PARK ADDITION TO THE CITY OF DENTON, being more particularly described in Survey Plat identified as Exhibit "A" attached hereto and incorporated herein by reference for all purposes together with all and singular the rights and appurtenances pertaining to the property, including any right, title and interest of Seller in and to adjacent streets, alleys or rights -of -way (all of such real property, rights, and appurtenances being hereinafter referred to as the "Property"), together with any improvements, fixtures, and personal property situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions herein- after set forth. PURCHASE PRICE 1. Amount of Purchase Price. The purchase price for the Property shall be the sum of Twenty-three Thousand Nine Hundred and Forty-eight Dollars and no/100 ($23,948.00). 2. Payment of Purchase Price. The full amount of the purchase price shall be payable in cash at the closing. PURCHASER'S OBLIGATIONS The obligations of Purchaser hereunder to consummate the trans- actions contemplated hereby are subject to the satisfaction of each of the following conditions, any of which may be waived in whole or in part by Purchaser at or prior to the closing. 1. Preliminary Title Report. Within twenty (20) days after the date hereof, Seller, at Purchaser's sole cost and expense, shall have caused the Title Company (hereinafter defined) to issue a preliminary title report (the "Title Report") accompanied by copies of all recorded documents relating to easements, rights -of - way, etc., affecting the Property. Purchaser shall give Seller written notice on or before the expiration of ten (10) days after Purchaser receives the Title Report that the condition of title as set forth in the Title Report is or is not satisfactory, and in the event Purchaser states the condition is not satisfactory, Seller may, at Seller's option, promptly undertake to eliminate or modify all unacceptable matters to the reasonable satisfaction of Purchaser. In the event Seller is unable to do so within ten (10) days after receipt of written notice, this Agreement shall there- upon be null and void for all purposes and the Escrow Deposit, if any, shall be forthwith returned by the Title Company to Purchaser (as Purchaser's sole and exclusive remedy) and neither party shall have any further rights or obligations hereunder; otherwise, this condition shall be deemed to be acceptable and any objection there- to shall be deemed to have been waived for all purposes. 2. Survey. A survey has been provided Purchaser dated July 31, 1989 that appears to be prepared by a duly licensed Texas land surveyor. The Purchaser may request from Seller, at Purchaser's expense, an additional survey staked on the ground that shows the location of all improvements, highways, streets, roads, railroads, rivers, creeks, or other water courses, fences, easements, and rights -of -way on or adjacent to the Property, if any, and contain a surveyor's certification that there are no encroachments on the Property. Purchaser will have ten (10) days after receipt of the additional survey, if one is requested, to review and approve the survey. In the event the survey is unacceptable, then Purchaser shall within the ten (10) day period, give Seller written notice of this fact. Seller may, at Seller's option, promptly undertake to eliminate or modify the unacceptable portions of the survey to the reasonable satisfaction of Purchaser. In the event Seller is un- able to do so within ten (10) days after receipt of written notice, Purchaser may terminate this Agreement as Purchaser's sole and ex- clusive remedy, and the Agreement shall thereupon be null and void for all purposes and the Escrow Deposit, if any, shall be returned by the Title Company to Purchaser and neither party shall have any further rights or obligations hereunder. Purchaser's failure to give Seller this written notice shall be deemed to be Purchaser's acceptance of the survey. 3. Seller's Compliance. Seller shall have performed, obser- ved, and complied with all of the covenants, agreements, and con- ditions required by this Agreement to be performed, observed, and complied with by Seller prior to or as of the closing. REPRESENTATIONS AND WARRANTIES OF SELLER Seller hereby represents and warrants to Purchaser as follows, which representations and warranties shall be deemed made by Seller to Purchaser also as of the closing date: PAGE 2 1. There are no parties in possession of any portion of the Property as lessees, tenants at sufferance, or trespassers; 2. Except for the prior actions of Purchaser, there is no pending or threatened condemnation or similar proceeding or asses- sment affecting the Property, or any part thereof, nor to the best knowledge and belief of Seller is any such proceeding or assessment contemplated by any governmental authority; 3. To the actual knowledge of Seller, Seller has complied with all applicable laws, ordinance, regulations, statues, rules and restrictions relating to the Property, or any part thereof. 4. To the actual knowledge of Seller, there are no toxic or hazardous wastes or materials on or within the Property. Such toxic or hazardous wastes or materials include, but are not limited to, hazardous materials or wastes as same are defined by the Resource Conservation and Recovery Act (RCRA), as amended, and the Comprehensive Environmental Response Compensation and Liability Act (CERCLA), as amended. In the event any such toxic or hazardous wastes or materials are found upon the Property which Seller had actual knowledge of, Seller shall be responsible for the expense of removal of these wastes or materials upon receipt of written notice of the presence of these wastes or materials. 5. To the actual knowledge of Seller, this property is not subject to any restriction that would limit the use of this prop- erty to residential purposes only, and the Seller is not aware of any restriction (other than zoning ordinances) that would prohibit this property from being used for a community police office and neighborhood center. AS -IS SALE Except as expressly stated above in Representations and Warranties of Seller, Purchaser expressly acknowledges that the Property is being sold and accepted AS -IS, WHERE IS, and Seller makes no representations or warranties with respect to the physical condition or any other aspect of the Property (collectively, the "Property Conditions"), and PURCHASER HEREBY UNCONDITIONALLY AND IRREVOCABLY WAIVES ANY AND ALL ACTUAL OR POTENTIAL RIGHTS PURCHASER MIGHT HAVE REGARDING ANY FORM OR WARRANTY, EXPRESS OR IMPLIED OR ARISING BY OPERATION OF LAW, INCLUDING BUT IN NO WAY LIMITED TO ANY WARRANTY CONDITION, HABITABILITY, MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE relating to the Property, its improvements or the Property Conditions. CLOSING The closing shall be held at the office of Dentex Title Company on or before October 31, 1995, or at such time, date, and place as Seller and Purchaser may mutually agree upon (which date is herein referred to as the "closing date"). PAGE 3 CLOSING REQUIREMENTS 1. Seller's Requirements. At the closing Seller shall: A. Deliver to Purchaser a duly executed and acknowledged Special Warranty Deed conveying good and indefeasible title in fee simple to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assess- ments, and restrictions, except for the following ("Permit- ted Exceptions"): 1. General real estate taxes for the year of closing and subsequent years not yet due and payable; 2. Any exceptions approved or waived by Purchaser pursuant to Purchaser's Obliga- tions hereof; and 3. Any other exceptions approved by Pur- chaser in writing. B. Deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by Dentex Title, 417 S. Locust Street, Denton, Texas 76201 (the "Title Company") in Purchaser's favor in the full amount of the purchase price, insuring Purchaser's fee simple title to the Property subject only to the Permitted Exceptions, such other excep- tions as may be approved in writing by Purchaser, and the standard printed exceptions contained in the usual form of Texas Owner's Title Policy, provided, however: 1. The boundary and survey exceptions shall be deleted if required by Purchaser and if so required, the costs associated with same shall be borne by Purchaser, unless such costs exceed Two Thousand Dol- lars ($2,000.00), in which case, at Pur- chaser's option this contract may be terminated; 2. The exception as to restrictive cove- nants shall be deleted, unless there are restrictive covenants which are Permitted Exceptions; 3. The exception as to the lien for taxes shall be limited to the year of closing and shall be endorsed "Not Yet Due and Payable"; and 4. The exception as to liens encumbering the Property shall be deleted. PAGE 4 C. Deliver to Purchaser possession of the Property. 2. Purchaser's Requirements. Purchaser shall pay the full cash purchase price to Seller at Closing in immediately available funds. 3. Closinci Costs. Through the date of Closing, Purchaser shall only be responsible for the payment of taxes assessed by the City of Denton and, Seller shall pay all other taxes assessed by any other tax jurisdiction through the date of Closing. Each party shall pay its own attorneys' fees. All other costs and expenses of closing in consummating the sale and purchase of the Property not specifically allocated herein shall be paid by the Purchaser. REAL ESTATE COMMISSION All real estate commissions occasioned by the consummation of this Agreement and incurred by, through or under Seller shall be the sole responsibility of Seller, and Seller agrees to indemnify and hold harmless Purchaser from any and all claims for these commissions. Purchaser represents and warrants that it has not engaged the services of any agent, broker or similar party in connection with this transaction and agrees to indemnify and hold harmless Seller from the claims of any agent, broker or other similar party claiming by, through or under Purchaser. BREACH BY SELLER In the event Seller shall fail to fully and timely perform any of its obligations hereunder or shall fail to consummate the sale of the Property except for Purchaser's default, Purchaser may either enforce specific performance of this Agreement or terminate this Agreement. BREACH BY PURCHASER In the event Purchaser should fail to consummate the purchase of the Property, the conditions to Purchaser's obligations set forth in PURCHASER'S OBLIGATIONS having been satisfied and Pur- chaser being in default Seller may either enforce specific perfor- mance of this Agreement, or terminate this Agreement. MISCELLANEOUS 1. Assignment of Agreement. This Agreement may not be assigned by Purchaser without the express written consent of Seller. PAGE 5 2. Survival of Covenants. Any of the representations, war- ranties, covenants, and agreements of the parties, as well as any rights and benefits of the parties, pertaining to a period of time following the closing of the transactions contemplated hereby shall survive the closing and shall not be merged therein. 3. Notice. Any notice required or permitted to be delivered hereunder shall be deemed received when sent by United States mail, postage prepaid, certified mail, return receipt requested, addres- sed to Seller or Purchaser, as the case may be, at the address set forth beneath the signature of the party. 4. Texas Law to Apply. This Agreement shall be construed under and in accordance with the laws of the State of Texas, and all obligations of the parties created hereunder are performable in Denton County, Texas. 5. Parties Bound. This Agreement shall be binding upon and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, successors and assigns where permitted by this Agreement. 6. Legal Construction. In case any one or more of the pro- visions contained in this Agreement shall for any reason be held to be invalid, illegal, or unenforceable in any respect, said invalid- ity, illegality, or unenforceability shall not affect any other provision hereof, and this Agreement shall be construed as if the invalid, illegal, or unenforceable provision had never been contained herein. 7. Prior Agreements Superseded. This Agreement constitutes the sole and only agreement of the parties and supersedes any prior understandings or written or oral agreements between the parties respecting the within subject matter. 8. Time of Essence. Time is of the essence in this Agreement. 9. Gender. Words of any gender used in this Agreement shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise. 10. Memorandum of Contract. Upon request of either party, both parties shall promptly execute a memorandum of this Agreement suitable for filing of record. 11. Compliance. In accordance with the requirements of the Texas Real Estate License Act, Purchaser is hereby advised that it should be furnished with or obtain a policy of title insurance or Purchaser should have the abstract covering the Property examined by an attorney of Purchaser's own selection. PAGE 6 12. Time Limit. In the event a fully executed copy of this Agreement has not been returned to Purchaser within five (5) days after Purchaser executes this Agreement and delivers same to Sel- ler, Purchaser shall have the right to terminate this Agreement upon written notice to Seller. DATED this 14th day of August , 19 95 SELLER: BARWORTH CORPORATION By ` d t 04 University Dr., Nr 400 Denton, Texas 76201-1794 PURCHASER: THE CITY OF DENTON, TEXAS By: STATE OF TEXAS COUNTY OF DENTON Denton, Texas 762 This instrument was acknowledged before me on Au ust 14 1995 by J. Newton Rayzor )$b�3'V6�I�T�IA/r��b>�c>� D Presi ent for Barworth Corporation, a Texas corporation, on behalf of said corporltlM`.""."°� `"',,QADYS S. LEATHERWOOD •%COMMISSION EXPIRES L/ 44 'a s JANUARY 18, 1997 NOTAR P BLIC IN AND FOR TEXAS +. ES STATE OF TEXAS COUNTY OF DENTON This instrument was acknowledged before me on by �)60R , /'7A /o// of the City of Denton, a municipal corporation, known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said City of Denton, Texas, a municipal corporation, that he was duly authorized to perform the same by appropriate resolution of the City Council of the City of Denton and that he executed the same as the act of the said City for purpose and consideration therein expressed, and in the capacity therein stated : ;:. ELIZABETH J. NIIWAMS MY COMMISSION EXPIRES � �'� May COMMISSION EX NOT Y PUBL IN AND FOR TEXAS 97 j:\w P')[HDW] LwyersTdle Insurance @r Oration NATIONAL HEADQUARTERS RICHMOND, VIRGINIA OWNER POLICY NUMBER 90 - oo - 476973 SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, LAWYERS TITLE INSURANCE CORPORATION, a.Virginia-corporation, herein called the Company, insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the Arrlouofo .,JisuFane Rated in Schedule A, sustained or incurred by the insured by reason of: 1. Title to the estate or interest described in Schedule A being vesiedldthekhan; aB stated therein; 2. Any defect in or lien or encumbrance on the title; 3. Any statutory or constitutional mechanic's, contractor's r mater, lmen s lieCa Or labor or material having its inception on or before Date of Policy; g,, 4. Lack of a right of access to and from the land; 5. Lack of good and indefeasible title. The Company also will pay the costs, attorneys' fees and expenses inourral in defense of`.the title, as insured, but only to the extent provided in the Conditions and Stipulations. IN WITNESS WHEREOF the Company has caused this policy to be signed and sealed, to bevalid when Schedule A is countersigned by an authorized officer or agent of the Company, all in accordance with its By -Laws. EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses which arise by reason of: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) restricting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (ii) the character, dimensions or location of any improvement now or hereafter erected on the land; (iii) 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 laws, 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 Date of Policy. 2. Rights of eminent domain unless notice of the exercisethereof has been recorded in the public records at 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. 3. Defects, liens, encumbrances, adverse claims or other matters: (a) created, suffered, assumed or agreed to by the insured claimant; (b) not known to the Company, not recorded in the public records at Date of Policy, but known to the insured claimant and not disclosed in writing tothe Company by the insured claimant priorto the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy; (a) resulting in loss or damage that would not have been sustained if the insured claimant had paid value for the estate or interest insured bythis policy. 4. The refusal of any person to purchase, lease or lend money on the estate or interest covered hereby in the land described in Schedule A because of unmarketability of the title. 5. Any claim which arises out of the transaction vesting in the person named in paragraph 3 of Schedule A the estate or interest insured by this policy, by reason of the operation of federal bankruptcy, state insolvency, or other state or federal creditors' rights laws that is based on either (i) the transaction creating the estate or Interest Insured by this Policy being deemed a fradulent conveyance or fradulent transfer or a voidable distribution or voidable dividend, (ii) the subordination or recharacterization of the estate or interest insured by this Policy as a result of the application of the doctrine of equitable subordination or (iii) the transaction creating the estate or interest insured by this Policy being deemed a preferential transferexcept where the preferential transfer results from the failure of the Company or its issuing agent to timely file for record the instrument of transfer to the insured after delivery or the failure of such recordation to impart notice to a purchaser for value or a judgment or lien creditor. Policy 90-Texas Form T-1 (1-1-93) Cover Sheet 035.0-090-4226/7 Owner Pollcy-Form prescribed by State Board of Texas Department of Insurance jeags jeeoo io abed jxou uo penunuoo ay; uo aouejgwnoue jo ua!l jo 'ui loalap ay; aquosep Ile4s 96ewep jo ssol 10 load ayi a6ewep jo ssol eqj of asu buinl6 sioej ayj upnja0se IIe4s luew!alo pajnsui ay; ja11a sAep 16 u!yl!m Auedwoo ayj of po4s!wn; aq IIe4s w8wialo paansu! ay; Aq of ujoms pue pau61s abewep jo ssol 10 jooid a 'Auedwoo ay; paP!Aoid ueaq angy suo!;e!nd11s pus suo!jipuoo asay)10 E uoiloes japun pajlnbei saopou 941 je4e pug of uoillppe ul '3`JVWVO HO SSO'1 jO dOOHd 'S ,uoilvied000 yons 6uulnbei siagew jo jagaw ayi of pje6aj yilm 'uolleblill Aug anuiluoo jo 'elnoesod 'puelap of uoi;e6pgo jo Al!I!ge!l Aue bulpnpui 'ejeuiwal IIe4s Aoijod a4l japun pamsui ayj of suopeb -pqo s,Auedwoo a4i'uoljejed000 paiinbei eqj yslwnl of pajnsu! Sul;o ajnpel ay; Aq peoipnfejd s1 Auedwoo ay; 11 'pajnsui Be lsaielui jo alelse, ayi of a!;!i a414s!lgelse of elgejisep jo Aiesseoeu aq Aew Auedwoo a41 jo uoluldo eqj ut 1e411og Inji el jaUjo Aug ul (!!) pue 'juewelges 6ulloaba jo '6uipaeooid jo uoljoe ayj 6ui -puejapio bw4no9sojd'sassau4!m 6wu!elgo'aou9p!Ae 6ujinoas16u! -paeoojd jo uoljoe Aue ui (I) p!e algeuosuej pe Auedwoo ay; 9A16 IIe4s 'esuadxa s,Auedwoo ayj 1e 'pajnsu! ay; 'Auedwoo ay; Aq pelsenbei jaAeuayM 'esodmd s!yj jot paansul ay; to awgu ay; 'uolldo sp IS 'asn of Auedwoo ag1 jlwad pue 'uiejegl sleedde Ile pug '6uipesooid jo u0130e 941 ul asualap ap!Aad jo alnoesad os of 346p ay; Auedwoo ayi of amoas ileys pajnsu! ayj 16u! -paaooid jo uoljoe Aug 10 asualap ayj jot ap!Aoid jo alnoesod of Auedwoo ay; saiinbei jo silwied Aollod s!yi ejegm Sam lie ul (p) -jepjojo luaw6pnf asjanpe Aue wojt leadde ol'uo!;ejosip alos sp ul %461j eqj sanjasei Alssajdxa pug uo!lo!ps!jnf jualadwoo;o jinoo e Aq uoljeulwjalap Ieull o; uojje613!l Aug ansind Aew Auedwoo 941 'A0pod slyj;o suo!s!Aoid ayj Aq paglwjad jo pajinbei se asualap e posodje;uijouo!joeue346nojganeyllagsAuedujooayjjanauOgM (0) Allue61l!p os op pays j! '4cluifted sjyi japun s146p sal asicaxe pays Auedwoo eqj 11 -Aollod s!yi;o uoisinojd Aug ".am jo Al!I!gell apeouoo Agaja411ou lleys pue'jepunojay stge!I aq IIe4s j! jou jo jaglagm 'Aollod siyj to swim eqj japun uoljoa aleudoidde Aug aNej Aew Auedwoo syl 'pajnsui ay; of a6ewep jo ssol eonpaj jo ivaAejd of jo 'pamsu) Be 'lsajalw jo alelse 84) 0101111 eqj ysllgelse of algej!sep jo Ajesseoeu aq Aew uoju!do sp ul ley) Joe jaylo Aug op of jo bulpaeooid jo uoljoe Aug alnoasoid pug sin;llsui of '1800 umo sal Is '146!j syj ane4 IIe4s Auedwoo ayj (q) *Aollod sj41 Aq 1swuBB pajnsui jou sjajjew aballe 1e41 uoljoe to sasneo esoyi 10 asualap ayj u1 paansu! eqj Aq pajjnow sesuedxe jo slsoo 'goal Aug Aed jou ll!m Auedwoo e41 -lasunoo jaylo Aue 10 seal ayj Aed 1ou 1pm pue jot alge!l eq jou pegs pue uo!joe 10 sasneo pa3els asoyj of Be pamsui ayi luesajdej of (asne0 algeuoseei jo; loofgo of pajnsui ayj jo jy6ij ayl of ioefgns) eo!og0 sj! jo lesunoo joales of 346!j ay; aney pegs Auedwoo ayi 'Aollod s!yl Aq lsuiebe pajnsui jegm jaglo jo eouajgwnoue jo ua!f 'loalap a 6u16911e uolloe to sasneo pa3els asoyi of se Aluo inq 'pajnsui se lsejetul jo alp] e41 of asjanpe wiBlo a sljesse Aped pj!yl Aue yo!ym ul uoile6ilp u1 pamsu! ue ;0 asualap ag1 JO1 OP!Aoid Ileys 'Aelap algeuoseajun ;notmm Pug lsoo umo sal IS 'Auedwoo ayl'suollelnd!js pug suojilpuoo asay; to g uolpas ui poulejuoo suolldo ay; of pefgns pug pajnsu! ay; Aq lsenbei uo31!jm uodn (a) 731tl U003 O1INVWIVIO 03Hf1SNl d0 A1f10 :SNO11OV j0 NO1111O3SOHd ONV 3SN3d3O '4 -ujaiay (A) 46nojgj (!);o uoi;eujq -woo a ajieljapun (!A) jo !10918p jo wIeIO asjanpe 'aouejgwnoue 'uap ay; bul6jeyosip ivawnoop jaylo jo aseelai a amoas (A) !10ejap jo ujleiO asjanpe 'aOuejgwnoua 'ua!l ay; jo; uo!ldeoxe jnoy;!m eouejnsui still;o (se!)Aollod e 10 aouenssl sit 48m uopoauuoo w Auedwoo a0uejnsu! Blip jo41oue Apuwapu! (Al) :ueol ayj jo junowe agj'Aopod a96e6ljow a j! 'jo Aliedoid eqj 10 anleA luauno eqj o1 jenbe ;unowe ue ut aq of Aollod pigs 'loe;ap jo w!el0 asjanpe 'souejgwnoue 'ua!i ayi jol uo11da0xa lnoyl!m a0uejnSul all!; jo Aollod e'Aoilod slyj Aq pajnsu) puel eqj ui lsojejui jo alelse eqj jo japloy jo ae6g6yjow 'Jeumo juenbesgns a of jo juewielo pajnsui ayl of anssi 'jojaja4j se6jego pug wn!wajd ejupdojdde jo juawAed uodn (11) :Aollod slyj u1 pap!Aoid Be pajnsu! ayj Alluujapul (!!) :pajnsuj se ajejsa ayi o1 still agl wojl loalap jo WIB13 asjanpe 'soupigwnoua `uail ayi jeep of s6u1 -peaooid Ajesseoau ayi einilisui (I) :suolpe bulmopol ay110 auo eMBI II124S Auedwoo 941'p!IeA si joa;ap jo wielo asjanpe 'eouejgwnoue'ueil a41 iegj sapnpuoo Auedwoo ayi;I •uoijgulwjajap s1I jot suoseaj ayj;o pajnsu] a4l aslApa Alleol;pads pays Auedwoo agl 'panssi sum Aopod slyl yoiym 4jjm uolloauu00 ul uoljoesuejl eqj 10 6ulsolo ayi ul Passaippe aslmjaylo Sam jo 'Aollod s1y1 Aq pajanoo jou si joa;ap jo wlelo asjanpe 'aouejgwnoue 'ueil ayi 1eg1 sapn!ouoo Auedwoo eqj it 'Aollod ayi japun a6jego jo wielo s,painsw ayj jo App!Ignul jo Al!ppaA eqj of se uolleulwjelap sl! to 'awil algeuosuej a uiL4pm'bujjum ui pajnsui agi A1pou pegs Auedwoo agi -alnlgis jo met Aq paijeg jou pug pjleA s1 409;ap jo weep asjanpe 'a0uejq -wnoue'ua!l 8141 jaglagm auiwjalep of a6je4o ayj ele6l1senu! Alldwojd )jays Auedwoo ay; 'Aollod slyi to e6ejenoo eqj woil paideoxe jo pepnloxq-;ou s! ley; Aollod s!g; Aq pamsui puel eqj ui isejelul jo alelse ay; o; apll ul 1Oa1aP 181410 jo wiejo asjanpe 'aouejqujnoua 'ua!l a jo uleje4 pajinbei Be Auedwoo ay; sel;!lou pajnsui ay; 'Aollod eqj jo gill aq i jaj;e 'ueym •a0!pnfeid ayj to juajxe ay; of Aluo ua43 pug ejnpe; ay; Aq peo!pnfejd eq lleys Auedwoo ay; ssalun Aollod siyi jepun pajnsui Aug 10 sjgBp ay; a0lpnfajd esg0 ou u! lleys Auedwoo o41411ou of eunllg; 4e4l 'jeAemo4 'paplAoid :pajinbaj si aojjou jdwojd yo!ym jol sjajjew jo jaggw eqj of pjeBaj yl!m alau!wja3 IIB4s Auedwoo eyi;o /a!l!gell lie paansul ay; of se uayj'Auedwoo ay; of usni6 eq jou pegs eopou jdwojd 11 Aollod s!gl;o anjilA Aq algeil eq Aew Auedwoo 941 4314m jol abewep jo ssol asneo 146Iw 1e41 Pus 'paansu! Be 'lsojelui jo alelse eqj of still eqj of asjanpe si 1e41 jsajejul jo aIj!1 10 wlelo Aus to japunejag paansui us of ewoo 111R4s a6polmoul ase0 u! (1!) jo'moleq (g)y uopoeS ui yyol las se uolle6ljil Aug to asgo ui (!) 6ujlum u1 Aljdwojd Auedwoo eqj Alijou pegs pajnsu! eqj 1NYWIV'1O O3H(1SNI A8 N3AID 38 Ol WIV-1O dO 3OLLON 'E 'pajnsw ayl of uaA16 a6e63jow Aeuow ase4ojnd a Aq painoes sseupalgepu! ue (!!) jo 'puel ayj ui Isojeju! jo alelse ue (1) jayl!a jo paansui eqj wojj jesayoind Aue jo jonal ui eojoj w enulluoo jou pegs Aollod SWI •jsejejul jo alelse e4j jo eoueAanuoo jo j%sueji Aug ul pajnsu! eqj Aq apaw Aivaijem 10 slueueno0 to uoseej Aq A;!pgell ene4 IIe4s paansul ayj Be 6uol os Aluo jo 'pajnsui eqj wojj jose4oind a Aq ueA!b e6a6pow Aeuow esay0jnd a Aq poinoas sseupelgapui us sploy io'Pual ayj ul 1SOJOlul jo algisa us suielai pamsui e41 Be Not os Aluo pajnsui ue jo jonet ui Ao!Iod to ale(] to Be eojol ui enui;uoo pe4s Aopod s!4j;o a6ejanoo e41 '311LL dO 3ONVA3ANOO H31jV 3ONVHt1SNI d0 NoilvnN1111,1OO 'd •pepuejul asn ayi jot ssaooe;o Aoenbape a4; sinsse jou seop ssaooe 01 se paplAad e6ejeAoo ayi •ssaooe jo uo!i!puoo leo!sAyd a41 jou pug pue) ay; of ssaooe 10 ;46!j 1e691 :,,ssaooe„ (6) paleool sl puel ayi yoiym ui loulslp ayi jol jinoo jo!jisip sawns Penult ag1 jo Mielo ayj to spio0ei eyl u1 Pal!; suell uoljoelad lejuewuo -jlnue epnloui pegs osle „spjooei oilgnd„ 196ejanoo wojj suois -niox3 e41;o (Al)(e)1 u01309s 01109dsej q1!m •96pelmouM 1noylun pug anleA jot Siesaycnd of /Waded luej of builejej sienBw ;o eoj;ou aAljonilsuoo 6upjadwi to esodind e4t jo; Aopod to oleo 1e sainjels elels japun p94silggjsa spjooej :,,spjooei oilgnd„ (;) quawnilsui Allinoes jeylo io'psap lsnil'Isnjj to paep'eftbpow :,,96e6jjow„ (a) ,Aollod s!yl Aq pajnsui si puel eqj wojj pug of ssaooe 10 jg6u a 4olym of luajxe e4;;!wll jo A41pow !Ieys ulejay 6ui4jou 1nq'siBe uajemjo sAgm'seugl'sAape'sanuen spec 's;aeils 6uptnge w luewasee jo alelse 'Isejalul '911!1 '1461i Aug jou 'V alnpayo$ ui of poijejej jo pegljosep eeje eqj jo Sault s41 puoAeq Aliedoid Aug opnjoui you seop „puel„ wjel egl •Aljadoid leaf 9lnlljsuo0 met Aq ley) ojejagl Paxille sluawenojdwl pue 'V eInpegos ui of paijejej jo pagliosep Pue! s41 :,,fuel„ (P) 'pue) e41 6uiloabe siouBw 10 aoilou eAgonjisuoo pudwo yo!ym spjooej jayio Aue jo Aopod sly; ul pauilep se spjooej 0pgnd a41 jo uoseaj Aq pajnsu) ue of peindwl aq Am jeyj eogou jo e6pelmowl eAjtonjlsuoo jou 'a6polmouil leni0e :,,umowi„ jo „e6p9Imou4„ (0) •96ewep jo ssol buiwielo pamsu! ue :,,;uewielo pajnsu)„ (q) •;oejegj saugioilaueq eqj of lsnjt eqj jo slasse 94110 lied jo Ile;o uoijnqujslp eqj woj; bupjnsaj ;snij jo aalsnjl a of lsojejul w sjosse03ns eqj (!A) jo :luewnjlsul lsnij uaU!jm e ui paweu eeisnij a jo (s)eejsnjj a;ntljsgns jo joss000ns eqj (A) :uollepinbp ejeldwoo jo le!Ued uodn eunjuaA ju!of eqj jo slam e41 to uo!inq!jls!p eqj ujojj 6wllnsai ainjueA juiol a of jsejajuj ul siosseoons eqj (A!) :uopup!nb!I elaldwoo jo jellied uodn diysjeuijad pe;lwil Jo Iajaua6 941 io glossa e41;o uo!lnq!jlslp ayj woj; 6u!llnsai di4sjoulied pepwil jo lejaua6 a of jseue;ui w sjoss000ns eqj (III) !ajaulwjej jou seop inq senlosslp yoiym diysjeuljed pepw!l jo lejaua6 a of lsejelui ui sjosseoons diysieuped ayj (j!) :uo!lep!nbll elajdwoo jo lulljed uodn uollejodio0 ayl 10 slasse 041 10 uoiinq!jls!p eqj jo uoljepposuo0 jo jobjew woj; 6wjlnsej uol;ejodjo0 a of lsojejul uj sjossa0ons e4j (1) :6uimopol eyj'uojWjIwp jnoyj!m'Alingloads pue'sjossaoons Ajepnplj jo djysisulied 'ejejodioo io 'ul>l 10 lxau 'sanpejuasajdej leuosiad 'sioninjns 'seasiAep 'sae;ngjjjslp 'sna4 'ol pallwll jou inq'6ulpnpui ase4and woj; paysln6ut;sip se mel to uopejado Aq pajnsui paweu ayi;o lsojejui out of paeoons oym asogj'painsuj paweu ayl lsule6e pey aney pinom Auedwoo ayi sesuejap io sl46ij Aug of joafgns 'pue 'V elnpayos u1 paweu pajnsui ayj :,,pejnsuj„ (a) :ueew Aollod sly; u1 pasn uaym swim 6ujmolloi a41 'SWH31 d0 NOI11NId3O ' 1 SNouri 1dI1S ONV SNOI110NOO R-03 1000: 394. 00 OWNER POLICY OF TITLE INSURANCE SCHEDULE A GF No.: 95-1296D Policy No.: 90-00-476973 Amount of Insurance: $23, 948. 00 Premium: $394.00 Date of Policy: November 03, 1995 at 3:13 p.m. 1. Name of Insured: CITY OF DENTON, TEXAS Property Catg.: L County Code: 121 Issued with Policy No. 2. The estate or interest in the land that is covered by this policy is: Fee Simple 3. Title to the estate or interest in the land is insured as vested in: CITY OF DENTON, TEXAS 4. The land referred to in this policy is described as follows: LOTS 1 AND 2, IN BLOCK 9 OF THE OWSLEY PARK ADDITION, AN ADDITION TO THE CITY OF DENTON, DENTON COUNTY, TEXAS, FILED IN VOLUME 1, PAGE 6 1/2 OF THE PLAT RECORDS OF DENTON COUNTY, TEXAS. Lawyers Title Insurance Corporation FORM T-1: Owner Policy -Schedule A Dentex Title Company By Authorized Countersignatu Effective January 1, 1993 OWNER POLICY OF TITLE INSURANCE SCHEDULE B G. F. No.: 95-1296D Policy No.: 90-00-476973 This Policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) that arise by reason of the terms and conditions of the leases or easements insured, if any, shown in Schedule A and the following matters: 1. The following restrictive covenants of record intemized below (the Company must either insert specific recording data or delete this exception): This exception is hereby deleted in its entirety. 2. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 3. Homestead or community property or survivorship rights, if any, of any spouse of any insured. 4. Any titles or rights asserted by anyone, including, but not limited to, persons, the public, corporations, governments or other entities, a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or b. to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or C. to filled -in lands, or artificial islands, or d. to statutory water rights, including riparian rights, or e. to the area extending from the line of mean low tide to the line of vegetation, or the right of access to that area or easement along and across that area. 5. Standby fees, taxes and assessments by any taxing authority for the year 1996 and subsequent years, and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership. 6. The following matters and all terms of the documents creating or offering evidence of the matters (We must insert matters or delete this exception): a. Any visible and apparent easements over and across said property, the existence of which does not appear of record. b. Any part or portion of the herein described property, lying within the boundaries of a public or private road or right of way. C. Rights of parties in possession. d. Any outstanding oil, gas and other mineral interest owned by others of record in the office of the County Clerk of Denton County, Texas. Lawyers Title Insurance Corporation Form T-1: Owner Policy -Schedule B Effective January 1, 1993 CONDITIONS AND STIPULATIONS —CONTINUED 13. SUBROGATION UPON PAYMENT OR SETTLEMENT. (a) The Company's Right o1 Subrogation. Whenever the Company shall have settled and paid a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the insured claimant. The Company shall be subrogated to and be entitled to all rights and remedies that the insured claimant would have had against any person or property in respect to the claim had this policy not been issued. If requested by the Company, the insured claimant shall transfer to the Company all rights and remedies against any person or property necessary In Order to perfect this right of subrogation. The insured claimant shall permit the Company to sue, compromise or settle in the name of the i nsured claimant and to use the name of the insured claimant in any transaction or litigation involving these rights or remedies. If a payment on account of a claim does not fully cover the loss of the insured claimant, the Company shall be subrogated to these rights and remedies in the proportion that the Company's payment bears to the whole amount of the loss. If loss should result from any act of the insured claimant, as stated above, that act shall not void this policy, but the Company, in that event, shall be required to pay only that part of any losses insured against by this policy that shall exceed the amount, if any, lost to the Company by reason of the impairment by the insured claimant of the Company's right of subrogation. (b) The Company's Rights Against Non -Insured Obligors. The Companys rightof subrogation against non-insured obligors shall exist and shall include, without limitation, the rights of the insured to indemnities, guaranties, other policies of insurance or bonds, notwithstand- ing any terms or conditions contained in those instruments that provide for subrogation rights by reason of this policy. 14. ARBITRATION. Unless prohibited by applicable law or unless this arbitration section is deleted by specific provision in Schedule B of this policy, either the company or the insured may demand arbitration pursuant to the Title Arbitration Rules or the American Arbitration Association. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service of the Company in connection with its issuance or the breach of a policy provision or other obligation. All arbitrable matters when the Amount of Insurance is $1,000,000 or less SHALL BE arbitrated at the request of either the Company or the Insured, unless the insured is an individual person (as distinguished from a corporation, trust, partnership, association or other legal entity). All arbitrable matters when the Amount of Insurance is in excess of the $1,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules in effect on the date the demand for arbitration is made or, at the option of the insured, the Rules in effect at Date of Policy shall be binding upon the parties. The award may include attorneys' fees only if the laws of the state in which the land is located permit a court to award attorney's fees to a prevailing party. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court having jurisdiction thereof. The law of the situs of the land shall apply to an arbitration under the Title Insurance Arbitration Rules. A copy of the Rules may be obtained from the Company upon request. 15. LIABILITY LIMITED TO THIS POLICY: POLICY ENTIRE CONTRACT. (a) This policy together with all endorsements, if any, attached hereto by the Company is the entire policy and contract between the insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole. (b) Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of the title to the estate or interest covered hereby or by any action asserting such claim, shall be restricted to this policy. (c) No amendment of or endorsement to this policy can be made except by a writing endorsed hereon or attached hereto signed by eitherthe President, a Vice President, the Secretary, an Assistant Secretary, or validating officer or authorized signatory of the Company. 16. SEVERABILITY. In the event any provision of the policy is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision, and all other provisions shall remain in full force and effect. 17. NOTICES, WHERE SENT. All notices required to be given the Company and any statement in writing required to be furnished the Company shall include the number of this policy and shall be addressed to the Company at its corporate headquarters, 6630 West Broad Street, Richmond, Virginia 23230. Mailing address: Post Office Box 27567, Richmond, Virginia 23261. Please include the number of this policy. COMPLAINT NOTICE. Should any dispute arise about your premium or about a claim that you have filed, contact the agent or write to the Company that issued the policy. If the problem is not resolved, you also may write the Texas Department of Insurance, P.O. Box 149091, Austin, TX 78714-9091, Fax No. (512) 475-1771. This notice of complaint procedure is for information only and does not become a part or condition of this policy. IN WITNESS WHEREOF the Company has caused this policy to be signed and sealed, to be valid when Schedule A is countersigned by an authorized officer or agent of the Company, all in accordance with its By -Laws. Attest: 14z" M 0 a �N 01 1 O CID J w l'- -I m o w $ o D r .Z r y -r , ro W C, f a 4 N O �WWW! CD a) 0 LauuyerslitleImmnce !Crporation By: Secretary President =C:W � �=�?C n 0 w"n.CD CDac mc-0 m m<ag O �O O O D a��a� y w.0� m a�im0' a�� � 0 "0(D „0 CD p n m r. y0o N� O w0N0 T -1 D T 3v0:r °ate �'a C =.:3 �` n OC70 Q-V$o.CD .� 0- '. CD 3 � � _ `° ��0 X 0 Co) _06 ror-Z0 CCD =cap1< v 1 f�'330 cw� c' piny it1 t— D . � .. Q c w r. 3 r- 0 °' Z 0 CD � C `CD ' N o N -I z Z 11;:w » fD DCD C�� 00 M 0 � C �--{ 0 S 3°00 (D� —!c`Dim D CD 0 m oo U° 3 Z � = <o=r � 0 sD N' � n m k : -:a c ° a lan49 wnOO p APUISU aM uo penuquoO ja4mayl sAep OE uiyllm elgeAsd aq ileys a6ewep to ssol Bull 'suoilelnd!ls pue suo!1!Puoo asauli 411m aouepa000e ul pax!; Alal!ullap ueaq sey 96ewep jo ssol to luoixe ayl pue Al!IIga11 uegM (q) Auedwoo 941;o uoiloB;sgus ayi o3 pays!wn; aq peys uogonilsep jo ssol ;o ;oad aseo 4oigm w 'paAoalsap jo lsol ueaq sey Aoilod ayi ssalun luewAed ayi;o luawaslopua ao; Aoilod s141 6ulonpoad lnoyllm spew aq peys luawAed ON (a) WO-1 d01N3WAVd 'suoilelnd!lS pug suo!1!P000 aseyl 10 g uolioeS 41!m aouePj000s u1 06ewep jo ssol ;o load a Auedwoo of ysiuwn; of pejinbei s! luewlelo paansui ayl alep Bull le Aoilod siull Aq isuie6a pejnsui aousjgwnouB ao uail 'toe;ep Bull of loefgns isajalui Jo alelsa paansu! cull ;o onleA aull pue paansui se lsaialw ao alelsa paansu! cull ;o anium a41 usamlaq aouaaagip eql (!!) 'ZI :y elnpegos ui pelels eoueansul to;unowy Bull (1) aaumo paansui ayl of Ao!lod siyl aapun luawAed a poweep aq l!e4s pled os lunowe ay1 Pus 'V alnpayoS w of pease;ea ao pequosep ;saaalui ao alelsa a4l uo uall ao a6aByO a s! yol4m pue paansui us Aq palnoexe aaueaaay s! 4olym ao 'loafgns ue�el ao 'pewnsse 'peea6e sey paansul eyl yoigm of ao g alnpayoS ui mivl sl uoildeoxe yoiym of 96BBpow a 6uiansui Ao!lod Aue aapun Avd Aaw Auedwoo ayi lunowe Aue Aq poonpaa aq 11eys Aollod siyl aapun eoueansui io lunowe aql lugt poolsjepun A!ssaadxe si 11 '3Advinw iONON A.Lme 1 •13 •oluei oad soueansu! ayl ;o lunowe ayi eonpai 11eys 'sesuedxe pue sea; ,sAouaotlia 'slsoo ao; Spew sluawAed ldeoxe 'Aollod siyl aapun s3uewAvd IIV unstln d0 NOIIVNIM31 HO N011ofim :30NvunSNl d0 NOu5nou 'm Auedwoo a41;o ivasuoo ueAlam aoud e413noull!m line ao wiep Aue builgas ui paansui e4l Aq pawnsse Al!avlunloAAlll!gsll aOl paansui Aue of obawap io ssol io; olge!i eq lou lleuls Auedwoo aul1 (o) •paansul se allll eql of asaanpe'woaleaaull sleadde lie jo uoil!sodslp pus 'uo!3olps!anf lueladwoo;o linoo e Aq uoileuiwaalap imi a ueaq sey aaayl !llun eftwep ao ssol ao; Al!l!ge!i ou aney clays Auedwoo a43'luesuoo s,Auedwoo ayi Ul!m ao Auedwoo cull Aq uolle6q!I 6uipnloui 'uoge6il!l Aue jo luaAe ayl ul (q) •AgaaaUl pasneo abewep jo ssol Aue Sol algeil eq tou !le4s pue aeliew le41 of loodsaa yllm suopebilgo st! pewaolJed Alin; aney pegs 1!'wa;eaa43 sleadde Aue;o uogaldwoo ay1 pus uolle6!1116uipnpui'potilaw Aue Aq jauuew lua6!pp Algeuoseei v w 'g uopoas ao g uogoeS 411m aouepa000e ul uolloe s931vl ao 'paansul se Ile 'PUUl Bull woe; ao of ssaooe ;o ly6u a ;o Noel ayi Sam ao 'ooueagwnoue ao uo!l 'loe;ap pe6al!e ayl senowea ao'ellll e43 se4silgelse Auedwoo ayl;l (a) A11118tl11 d0 NOIRMn ,Aoilod siyl of pogoane luawasaopue us Aq ao luawalels ssaadxa us Aq umogs pus Aoilod sly;;o aouenssi ayi 10 awil eql is paansu! cull PUB Auedwoo ayl Aq ISOM yoee of se uodn pee16e ueaq aslmaaylo sey onleA ao Ailllge!l a ssalun 'Aollod ;o ale(] of luanbasgns apew sluawanoadwi Aus;o anisnloxe leloym Sul of laoied Blondes yova;o Aollod jo ale(] uo enlaA a43 of se elea ad PepIA!p sum Aoilod siyl aapun eoueansui ;o lunowe ayi 1! se siseq visa ad a uo pollies PUB pelndwoo eq lle4s ssol ayi 'Ile lou inq slowed eul310 aaow ao auo 6uiloe4B pegsilgelsa s! ssol a pus'alls 916u!s a se pasn lou Sae leull Slowed aaow ao oml;o sls!suoo y alnpayoS ui pequosep puel eql;I -suo!lelndi3S PUB suoiUP -uoo asa4l ;o q uoiloeS yl!m aouepa000e ui paaanoui sesuadxa PUB seal ,sAauaoilu 'sisoo asoyl Aluo Aed !llm Auedwoo 941 (o) y alnpayoS ui pelels eoueansul to lunowy eql 10 wooaad 0l 'ale6ea66v ayi ui 'speeoxe yoiym ssol Aue ;o uoilJod 1B41 of A!dde Aluo Ileys pue 'Aollod siyl aapun elgeil s! Auedwoo aull 4oigm ao; sesuadxa PUB seel,sAauaone 'slsoo of Aldde lou llvys ydva6eavd s!4t 10 suols!Aad s41 ,luawanoadwi eyi Sol pepuadxo lunowe ayl PUB V alnpayoS ui pelvis eoueansul ;o lunowy ayl ;o wns ayl of sisaq y alnpayoS ui pelvis eouainsul to lunowy egl;o iueoaad OZl lv4l uo!laodoad ayi ui elea oad ssol eql Aed Aluo pegs Auedwoo ayi 'ssol leilied Aue of se 'Spew uaaq sey luetumoidwi luanbesgns a aaeym (q) ao :Aollod;o ale(] 1e isaaalui ao elBlse paansu! ayi;o an!aA lelol ayl of saesq Aoilod Io ale(] le eoueansui;o lunowe ayl lBgi uoilaodoid a41 ul elea oad ssol a4l Aed Aluo pays Auedwoo a4l 'ssol Ia!Ued Aue of se'apew ueaq sey luawanoidwi luanbasgns ou aaaym (i) :6ulm01101 aUl of loafgns si Aoilod si41 uayl 'V alnpayoS w pelvis eoueansul ;o lunowy ayl aano lueoaad OZ lsvel lv Aq isaaalui ao alelsa paansu! ayi ;o anleA ayl seseaaoui yoiym puel ayl uo Palma si luaw -enoadwi us Aoilod 10 ale(] ayl of luanbasqns )l ao 'ssel si aeneyo -mm 'puel ayi ao; pled uogeaap!suoo 11% ayi ao lsaaalui ao alelsa paansui ayl to anleA ay1;o lueoaad Og ueyi ssal s! Ao!lod;o also aUl is y alnpayoS ui pelvis souaansul ;o lunowy aUl lueAe eql ul (q) :;o lseal 943 peeoxe lou Ileys Ao!lod siyl aepun Auedwoo Sul;o Allpgep ey1 (e) -peglaosep uieaeul lualxe Bull o1 Aluo pus Ao!lod s!41 Aq lsu!e6s paansul saagew;o uoseaa Aq 96ewep ao ssol paaagns sey o4m luewiep paansui ayl Aq peaanoui ao pouie;sns a6ewep ao ssol Ajvleuow lenloe isuiBbB Ailuwepui ;o losaluoo a si Ao!lod s!41 '30NvvnSNioo ONtl Alniewn.401N3M WOIIVNIW!l3130 'L •uolle ftll Aue anuiluoo ao einoesoid 'pue;ep of uolla6pgo ao Alll!ge!I Aue buipnpui 'a;euiwal Ileys 'spew eq of paainbea sluewAed ayl ueyi aaylo 'a6ewep ao ssol pewielo ayi Sol Aollod siyi aepun paansui ay; of suoilaBpgo s,Auedwoo e43 '(1!) io (!) (q) sydea6vaed ui ao; PeP!Aoad suo!ldo aql;o aayl!a;o Auedwoo a41 Aq asioaaxe Bull uodn -Aed of paiv6!lgo si Auedwoo a414OI4m Pus luawAsd;o owil cull of do Auedwoo ayl Aq paziaoglne Siam go!ym 'luewlelo paansui eql Aq paaanoui sesuadxa pus see; ,sAouaogia 'sisoo Aue yllm aeyla6ol 'Ao!lod si4l aepun ao; paP!Aoad 96ewep ao ssol o41 luewlelo paansui eyl Ul!m allies esinueylo ao Aed of (!I) ao :Aed of poluBilgo si Auedwoo cull yoiym pue luawAed ;o owl; ail of do Auedwoo null Aq pezpoq;ne aaam goiym 'luew!vp painsw ayi Aq paaanou! sesuadxa PUB see; ,sAauaolle 'slsoo Aue 41!m aeyle6ot 'Aollod siull aapun isuie6e paansui w!alo Aue luewlelo paansul us ;o eweu aql ui ao ao; se!tled aeylo yllm allies as!miaullo ao Aed of (!) •luewlelo paansul e4) 4)!M ao paansul a4) ue4) ae4)o se!usd 4)!M a/nag opmie43o ao Aed o1 (q) •uoilepaoueo ao; Auedwoo e43 of paiepuaaans aq pe4s Aoilod ayi Pue 'uoge6gil Aue enuitum ao 'alnoesoid 'Puelop o1 uolleBilgo ao A411!ge!l Aue 6u!pnloul 'aleulwiet Ileuls 'pailnbei luewAed ayi a�ew of ueyi aaylo'Ao!lod s!yl aepun paansui ayl of suoila6ilgo pue A111!ge!l lie 'uolldo s!yl to Auedwoo null Aq asiaaxe eql uodn ,Aed of pe4e6llgo si Auedwoo ayi uloiym pus luawAed Io aepuel ao luawAed ;o awil ayi of do 'Auedwoo ayi Aq pezuoylne exam 4o14m 'luewlelo paansui ayl Aq paaanoui sesuadxa pus seal ,sAeuaolle 'sisoo Aue yllm aaylo6ol 'Aoilod sigi aapun aoueansui;o lunowB eyl;o luewAed aepuel ao Aed o1 •eoueansul;o lunowy eq);o luawAed aepuel ao Aed o1 (e) :suoldo leuo!3!ppe Bwmollo; eql eney IIe4s Auedwoo cull 'Aollod slyl aapun wive a ;o am ul u111EVi1 d0 NOLMNIWtl31 !SWIVIO 311139 3SIMl13N10 MO AVd Ol SNOIldO '9 -wielo leyl of se Aollod s!yl aapun Auedwoo ayi;o Alil!gvil Aue aleuiwai pegs ydea6eaed slyl ui paa!nbea se sallied paly; wa; uoilewaolul Aaessaoau Algeuosvaa aanoes of uoissiwad luea6 ao uoilew -ao;w polsanbea Algvuoseea aaylo eonpoid 'yleo aepun uoileuiwvxe Sol llwgns of luewlelo paansui ayi;o eanpei wielo sy1 to uoileals!u!wpe syi ul Aaessaoau s! 3! 'Auedwoo eql ;o ivaw6pnf elgvuoseei ayi u! 'ssalun saaylo of pasolosip eq lou lleys uoiloaS s141 of luensind Auedwoo o41 of popinoid luewlelo paansu! ay; Aq Ieguapl;uoo Be Pelvu6lsap uogewo;ul IIV '96ewep ao ssol eql o3 uielaad Algeuoseea 4oi4m 'Abed pa!gl a ;o loiluoo ao Apoisno eyl w epueaowow pus eauepuodseaaoo'sMOeyo'saa6pal 'sMooq 'spaooaa lie Adoo pus loodsul 'euiwexe of Auedwoo ayl;o anpelues -eidea pezuoylne Aue jot 16wlum ui 'uolsslwaad sp luea6 lleys luewiep paansui cull 'Auedwoo a4l;o angetuesaadaa pozuoyinv Aue Aq palsenbei 1! 9ay;anj •e6ewep ao ssol eql of utBpad Algeuoseaa yoiym 'Aollod ;o ale(] Bake ao eaoleq Step a Bulaeag aagiaulm'epusaowew PUB aouepuodsea -Boo 'sMoeyo 'saa6pal 'silooq 'spaooei pv 'Auedwoo ayi;o aA!leluesaadea pezuoylne Aue Aq polsu6isop aq Aew se sooeld pus sewil algeuoseei yons ie '6u!Adoo pus uopoadsui 'uo!leulwexo Sol aonpoad pegs pus Aued -woo eql jo eAliviussaidej poziaoylns Aue Aq yteo aapun uolleulwexe of llwqns of pea!nbei aq Algeuoseei Am luewiep paansui ayi'uoilippe ul •e6ewep ao ssol 1010ad yons 6upinbea wallow ao aeilew etll of pav69a yl!m 'uolleB!lil Aue enuiluoo ao 'alnoesoid 'pua;ap of uoiRe Bilgo ao Alp!ge!i Auv Buipnpui 'eleuiwaal Ileuls Aoilod ey; aapun paansw syi of suo!1e6!1go s,Auedwoo ayl'a6ewep ao ssol ;o;oad peambea eql apinoad of luvwielo paansut ayl;o aanpv; eql Aq peoipnfead sl Auedwoo ayi 11 •96ewep ao ssol eql ;o lunowe null 6uile!n3leo ;o siseq ayi 'alq!ssod lualxe ayi of 'Sisk Ilvys pue 96ewep ao ssol ;o siseq ayi selnl!isuoo lugl Aoilod siyl Aq )suiebe paansui aaliew jeyio ao 'elm 03nNI1N00—SN0unndLLS ONV SNOI110N00