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NOW
'i COMMITMENT FOR TITLE INSURANCE
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f~ Ctz a-8719 ISSUcU BY
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STEWART TITLE GUARANTY COMPANY, A Texas Corporation, herein celled "tile Company,"
,l hereby commits to Issue its polloyor p0I10I9s of title Insurance, as Identified in Schedule A, In the form
now promulgated by the State Board of Insurance, in favor of the proposed insured(s) named in
Schedule A, as owner or mortgagee of the estate or Interest described In Schedule A In the land des-
if cribed In Sohedule A, upon payment of the premium and charges therefor, all subject to the provisions I~
of khadulas A, B and C and to the Conditions and Stipulations hereof,
I Thls rommltment snail be effective only when the Identity of the proposed Insured(t) and the amount
k of the policy or policies committed for havr bean Inserted In Schedule A hereof by the Company,
iI This commitment is solely preliminary to the Issiance of such:oolloY or pollolds of title insurance
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end the liability and obligation of the Got»pany to the proposed Insured shall be limited to the express
terms of this commitment, All Ilablilty and obligations horeuridersholl cease and terminate ninety (90) j
days after the effective date hereof, or wham the the policy comnsftted for shell Issue, whichever occurs
I; first, provided that the failure to Ist.''e such policy is not the fault of the Company, j
In witness whereof, the Company has caused this commitment to be signed and sealed as of the I
effective dote of commitment as shown in Schedule A, the commitment to become valid and binding
i only when countarsigned by an authorized signatory, f
UIIANA N7Y rntA ¢A N1
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SUWART TITLE' dtz DENTON Cl RN t I
Aul lied 9laneture
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Serial NO. C 333422
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CONDITIONS ANU STIPULATIONS
1, If the proposed Insured has .or acqulres actual knowledge of any defeat, Ilan,
encumbrance, adverse claim or other matter affeoting the estate or lntarest or
mortgage theiaon covered by this uommltmant other then those shown In $chadula
B hereof, and shall fall to disclose such knowledge to the Company In writing, the
Company shall be relleved from ileblllty for any loss or damage resulting from any
act of reliance hereon to the the Company Is praiuqiced by failure to to
extent th
disclose such knowledge,' It the proposed Insured shall disclose such knowledge to
the Comppany, or If the Company otherwise acqulres actual knowledge of ar y such
defect, Ifen, encumbrance, adverse claim or other matter, the Company at Its
option may arnand Schedule B of this commitment accordingly, but such amend.
mant shall not relieve the Company from liability previously Incurred pursuant to
Paragraph 2 of these Conditions and Stipulations, 33
2, Liability of the Company under this commitment shall be only to the named
' propaseCf IMead and such parties Included under the definition of .Insured In the
{ form',of pnllcq or pnllolas committed for and only for actual ass Incurred in
rellanea hereo!( In undertaking In good faith (a) to comply with the requirements
f hereof, or {b);'to ellmInate exceptions shown In Schedule U, or (o) to acquire or
I create the estita or Interest or mortgage thbredn_ covargd by this cimmitrnent, l
In no event ati41l such liability exceed the amount stated In Snfedule A !dr the
policy or pclloloo committed for And such liability is subject to the Insuring
I provisions and the Conditions and Stlpulationl and the f Wuslons from Coverage ' S
of the form of policy or policies committed for in favor o lha proposed insured
which are hereby Incorporated by reference and are made a part of this commit. ~
mentexcept as axpressiy modlfied heroin
3, Any aotfon or aotlons or rlghts of action that the proposed inskired may heya or
may bring arising out of the status of the title to the estate w interest or the
status of title to the estate or interest or the status of the mortgage therdon covered
by thls commitment must be based on and are subleot to, the provisions of this
commitment `
` 'TB'WN1V'r TITLE
l OVARANTY(JONPANY
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ofnttltlmtlnl No; ncllve Dpte o ornmlmont;
3 A2 Au uat II •1982 71Wlookelm ; 4 Fr
OF c or File No. "
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' 1. Polley or Polfoles !o I Issued: AMOUNT
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e Form T•It A ER POLICY OF TIYL61 URANCE'
{ I WN NB t.UNKNOWN
j Proposed Inoutotl,
j CITY OP 68NTON TSXASl, d'
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jh~ Form T•2: MORTOAOEE POLICY OF TITLE INSURANCE I
Proposed lnswed:
Proposed Borrower
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{d} Pone T-1 3j MORTOA(3EE TITLE POLICY BINDER ON INIERI}.",,~;i1 1
CONSTRUCTION LOAN
` Proposed Insured:
r} Proposed Borrower
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Id) OTHERS $
Propgeed Ineuredr
2 Tho ostsle c,.- intefest to 14 lond'dooofibed,or feferred to in IhirCommltmont and covoied heroln: (too Simple,
lestfehold, essomenls, elo„ ,i'eAlllr or de%crlbe) Poo Simple.
3 3, ~Pooold TRIO thorela of 1ho elf eotWe detH lieleof eppows to be vested In
Tl1R FORT WORTH HA1'XO6AL BANK, TRUSTIE.
4. The lend eoferred to In the Campnlmunt Is desor,bed as rolluwDr
999 ATTACNL+D "HXHIAIT An VOR tBOAL DZSCR.IPTION.
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POLICY COMMITMENT NO. C 333422 h
SCHEDULE 0
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SoVoduto 8 n1 tho petioy or ponchos to be Iasuodwlll plot) oantoln ilia toll owing okoluslons nitd exooptlwte:
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Tito policy will be auhlnct to uto Conditlona and Stipulations tlwroof, lP,o taints rind conditiolls of Alto
UtsBumont oroanng ilia estate Insured, II Any, shown 10 Schodula A. and to the following nistlers Which
will be addlllonal oxcopOwls from Ilia eovorogo of Ilia policy,
I
y 1. floelfintivo covenants stapling Clio land doauribad or rofonod to above, but tit anymortputler policy w
of title Insurunco or mortgogeu title pulley Medal oninlerbti construniloit loon, [lie Compuny will
guarantuC that aFlyarich roalrlaliva covaria rlts havo riot been viohdod at) as to alfonlr and Allot a hnuro
violation thereof kvill nut effect ilia validity or prlorlty of the Insured niortgego.
2 Any discropanelos, conflicts, or shortagns in area m' boundary knee, or oily ancroaclimonts, or oily
l ovorlopprnli of lmprevwnuMs.
I 3. 'toxoa fur (Ito your tg 82 and suboo ,lijo it years, earl eubsaquoIAt nsaussIn oil Is for pillar years diva
to cha loo Ili tend usayo or dHnorshlp,
4, Uswy orcIr lms of usury(Morigagoo Pollay or MottgsgaoThis policylH+tdor oil Intotim Conatruo-
Alen Loan ontfl
6. Any Fight of raeolsnlonconfsinorlIli any CONSUME OEMVPIIO12CTIONorTRUTH•IN•LMDINO
Inwe, (Mortgagoo Policy e! Morigagoo Tlllo Policy binder on Intorlin CunsUUatlon Loan oiiiy,l'
6. No moloriais Nova boon (urnfshod or any labor performed In connection with Ilia Donehuctlnn
centomplntutl lorountlot prior to Ilia cxacellen, ooknoWledVmor}L and delivery of ilia lion
inatrantonl dosorlbod under 50110II1LE A harool, If ilia laud dosoriUo'i under SCHEDULE A fnrins
fi tiny part of Ilia hornosUwd of thooWnrr, (May be dolotod if sadalaDinrynvidonao 16lurrilshad before
hbtdor is elflUdd.) (MortgagaeTitle Poliny Rlodur ah Interlni ConshUction Loan ooly,(
Tho fulloyrhig Ilan(s) and fill lnrala; provisions and conditlone of tllo inalrumonl{s) crawling or
ovidonollttt Bald lionle)i
y 8. (INSERT HERE ALL OTNER SPECIPIC EXCEPTIONS AS TO SUPERIOR I.WNS, EASBMENfS,
OUISTANbING MINERAL AND ROWMY INTERESTS, ETC.)
oil and oas Leslie dated Saptombor 91 1981 executed by The i''ort worth National.
}lank, Trustee to Darriek P`xtroleum Ti fOt; a pLitrtary term of 3 years recorded
in Voltiine 1110, Page 5451 Deod Rilcorda$ Denton County, Taxoas slid amended in
Volume 11290 Page 663 Dood Records, Denton County, Te,,as,
q, Raaement dated April 23, 1968 exeoutod by The Fort Worth National banks Trustee
> to Texas Power & Light Comprtuy, filed May I, 1968 under Clark's File No, 37851
1Ut Nasemornt dated August 25, 1956 executed by IfloT, Uvers to Texas Power & Light
{r Company, recorded in Volum 427, Page 125 Deed Rocorder Denton County, T'exaer
111 Rssemant`datad September 9f 1955 6Xeouted by Witt Hill to Texas Power & t.;lght
M company# recorded in Volume 418, ?ago 343, Deed Racorda, Denton County, Texaut
12, Any visible and apparent; roadway or easoment over or anroas the sub~oot proparty,
t Ilse existence of Which does eat appear of record,
13, Easement dated executed by The ebb t Worth National Han, Ttuatee to
Texas Municipal, Power Aganoyr recorded in Volume , Page Deed Reeorae,
Denton County, Texas(
Id, Any portion lying within a road or used for rand puvposoat
J 15, yrotrubinn of property line beyond fence as shown on survey dated Juneelr 1982 by
Oars Wt ilamaiett, Regiet,dred Public Surveyor,
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a863 nst, r.l.iaeD Po et girl'144QIll L' TITLE,
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ARA NTY UOM PA NY
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Palley Commitment Nbd C 333422
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Schedule a of the policy to be 101106d will also oontaln exception$ with respect to the following matters
supposed to affect title to the hsrslnabove doseribed property unless the following matters are disposed n';~ 4 l %
of to the rybtlefaallon of.the Company of or prior to the date of the Issue hall of the poleyl -IS1"
I InsirumentlB) ofeAllnp lha estate nr Interest to hu Insured must be eppfoved by the Company)
0 acuted and Iliad for reoord r'1
Snuslaotory evidonCe IhnI no person aaaupying the property or any porl Ion thel6of ownsoroIAlme
Any Into too I therein, oHhorporaonoIly or byAght of ono that, adverso it) the pt6soltt record uwnor as
shown In Solleduie A
3 Paymant of the full obnsldstallon to, or for the account of, the tpantois of mortgagor,
1 4 Payment of all ulxos, Charges and puaeesmonta levied or assessed against the subject estate or
Irltorsal, which Are currently dus and payable, I'
8 SatlelaClory Mdenceihataillmprovamontsand/or repolrsand/oraltgrationathoroloarecompleted t`[{
slid accepted by the uwoorand that AN contractors, subcontractors, laborers and mawil ilmen have
,
beAn pold In full, end pA m6rhenfc's, laborers or plalerl$Iroon's liens have attached.
8. Any defoat. ,an, enoumbrsres or other matiar affecting or bdpposed to affect title to the astata or
intetoattebetnauredWhlaltmaybetlletdbrW6lohmeyaribesgh4kosmtothedifeolivedatehoroof
7 If it mortgagee policy of title InuuranCe Pr to be f hued oetisfootory evidence that roafflotlons and ,~Ir t
reslfloliva ponvenents, if Any,
have riot been violated so si to affaou and that a future violation
theteof will not alluot the validity or 'priority of the Insured morlgoga i `
8r AEOVIRBrl M obtain Release of Lease between Fort' Wortli National Sa0l,
0 'trustee and SomTo bmviA dated November 30, 1965r (Should
have eMpired UeCombor 31, 1469) aal, ~7l py' 10
9J R$Qtf11W]l1RNTI Waiver of Inspeotion ertet be axacuted by Purchaser at albAittA, ill
10, R9QftR NTI Affidavit to to Aobto and Lien taunt be executed by Seller at oloming;
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Continuallon f-onn 20',bA•1 •l, K?, ' ~ If
x' Y!2MNIBIT n"•
? Cdgtinuation of,Sehdduio A
14
Attached to and made u pert of Stewort Titltr Guaranty Company Pulloy Nu. 'a 333423
X111 that curtain tract; or pardel of Land situated in the
, 4 1699, fanton County,
Myer s-8rummaCt-Johnsn Survey, A
To'xax, being a part of a, certain a, Jed) 51+~~56 ac~a t:rttcC in
the W,''. Evers lrstata recorded in .Volt:ttne 399, Page 5311, Deed
Records of said CoUnLy,, and being mare ftaLlj ascribed as
fol.lowat ,
GuM,tuNQtNG of r•he'Southwest cornor o2 a• ;11,470, acrd trait
das evIbod in a daed Prom John Yor;ter Ml to "al:as, Inc, co bayld
H, Steiner et ux, recorded in Volt mta X9'Pngo 41, lleed
Records of Denton County, 'T'exas at a steel ,pin on the South
a boundary lien of Jiro Ghriseal. koadl
[ THENCE N 00 4U' w with the west boundary Line of said 31.470
acro tract a distance of 85.82 feet to a tZail, in the uriddle of
Jim Christal (toad(
t THENCE N 760 12' 46 W wiLili the middle. of Jiw Christal 'Load a
distance of 408,71 taut CJ mill
THENCE S 890 16' 36" iJ with th.+ middlo of ,list Chriatal koad a'
dfst:anar of 923,25 feet to a nail'!
} 7.'HENCE 8 190 06' 381' W a disraace of 26.6 feet to' n 5feel pin
E it) a fence on the South bouneixy lima of Jim ChrisCaL Road at
the place of beginning)
rliENCE S 190 06' 38" W with 6o West boundary liho ??f an
ox in eIng T,P, & L. 'pow or easement a diacan co of 254.0 Ptaetto a
point for a Cotliar)
,
i'IJENCE S 890 03 ' 00" w a diatuticC: of 200 feat to a point for
'a corner,
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