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0Y 8-8691 COMMITMENT P60 TIC' F INSURANCE
ISSUED BY
't'~3'1'1~~1'e1`<2fY"1'1[fl'1J,: ai
i ffUA HARTY VOMPAN1' ail
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STEWAfiT 717L6 l3UARANTY CQMPANY, A Taxes Corparatlnh, heroin ,;ailed "the Company,"
heretsy commits to Issue Its polloy or policies of title Insurance, as Identified In Schedule A, In the form
now promulgated by the State board of insurance, in favor of the proposed fnsurod(s) named in ,
Schedule A, as owner or mortgopee of the estate or interest described In Schedule A In the land dnt
erihad in Schedule A, upon payment of the premium and charges thetafor, all subject to the provisions
i of Schedules A, B and C and to the Conditions and Stipulatlons hereof,
ThlscommitmentAhallbeoffeotlveonly when theIdentity o}theptoposedlnsuredis}and the amount ;
! of tho polity or policies colrimitted for hove been inserted in Schedule A hereof by the Company.
This commitment is solely preliminary to the jssuanoe of such policy or pollclbg of title insurance I
';1 ....rind the lieb111ty and obligation of th Company to the proposed Insured shell be limited to the express ~
terms of this commitment, All liability and obilgdtions hotaundar $ha11 Coosa and terminato ninety (00)
clays after the effective dote hereof, nrwhon the the polity conitnltted for shall issue, whichever occurs
first, provided that the ItIilurs to Issue such poiloy, is itot the fault of the company, I
In witness 4haroof, the Comlrony has caused this canimltmont to be signed and sealed es of the 4
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affective date of commitment as shown in Schedule A, the Cor mnltmeni to becorna volld and binding
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only when count6reIgnedby anauthorixed signatory,'
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S cONorrIONS ANO S1 IPULAVONS
tl t. If the proposed Insured has or acquires actual knowledge of any d6fact,Ilan,
mbranpc, r, other ter affecting the•eatate or Interest or
mat
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covens claim
encu
triurigage thereon covered by this commitment other thou Rhosa shown In.Schedule
8 hereof, and shall fall to disolosd such knbwledgo to the Company In writigg, the
Company shall be relieved from liability for any loss or damage resulting from any
not of reliance hereon to the extent the Company Is prejudiced by failure to so
I disclose such knowledge. If the proposed Insured shall dlsclose such knowledge to
the company, or if the Company otherwise acqulros actual knowledge of any such
s defect, lien, encumbrance, adverse olalm or other matter, the Company at Its
option may amend Schedule B of this commitment accordingly, but such.amend.
moht shell not relleve the Company from liability previously Incurred pursuant to
paragraph 2 of these Conditions end Stipulations,
2 Liability of the Company under this commitment `shall be only to the named
proposed Insured and such parties Included under the definition of Insurad In the f
I form of Palley or poilclot oommltted for and only for solosj loss Incurred In
reliance hereon In undertaking In good fahh (a) to comply wltn the requirements
} hereof, or (b) to etlminste exoeptone shown In Schedule 0, or (ol to acquire dr. 1
1 create the Meta or Interact oI' mortgage, thereon covered by thli commitment,
in' no event shall such'liebll!ty exceed the amount. stated In Schedule A for the
polloy or policies committed for and such liability, is subject to the Insuring I
provlslons and the Conditions and Stipulations and the Exclusions from Coverage
of the form of polioy or polloloo committed for In favor of the proposed Insured
which arc hereby incorporated by reference and are made a pert of this oommlti, '
merit except as expressly modiflod herein.
3. Any Pollan or actions or rights of action that the , roposed insured may hove or
may bring arlsing out of the status of the title to the estate or Interest or the
status of tltla to the estate of Interest or the status of the momiloge thereon covered
by this commitment must be based on and aru subject to the provisions of this
commitment,
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LE1^L.I/Ib/82 ! i ~ r
z;t t ' SCHBCULI3 A ; i``` '
;r) 'oMmi{mans, No. E ect vo~ste o'COmmltMrntl ~ s~ t. E
C:351~62. November 8 tfsg2 74 o'ctockam , r
OF No. or I'is No, t
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f i. Pollov or Poliolas to be issued: AMOUNT `7.
{e) porm TA i OWNER POLICY UP TITILV INSURANCE
Proposed Insnredr
CITY ON DENTON.
(ht Form T•2; MORTOAOEE POLICY OF TITLE INSURANCE 9 rlA+
j Proposed Insureds
Proposed 30rrower.
{ot Form T•13: MORTOAQEE TITLE POLICY BINDER ON INTERIM f
CONSTRUCTION LOAN
Proposed Insured:
2
,
Proposed Borrower:
1
(d) OTHliAi 5
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2. The estete or interest In the lend desoribed or referred to In this Commitment and oovered herelm (Fee Simple,
leesshold, e0eemente, 0110„ + Identl4' or ddsi.rlbs)
913Y.9%MPLEr
tj Record title thereto it the eHSdtlve dale hereof spoems 10 he vested Ins
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rr h E tend M Waited NUmDo n the CC~Omen AND JOYCE: iolloWer MENTHOLT2 BISHOP,
4, ta h am de th d is
tlBE ATTACHED "EXHIBIT A" FOR 1,90AL DESCRIPTION
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arw,t~r~iSr''kNL^dA ~,L{iMY[>~g1kTlAA>Mai.'4W~S&Utz'a~dRttlanl'cieibtdrrnw#'-.eyl~wrns,w..rA, iileW 4d f L:t,J
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POLICY COMMITMENT NO. C 351162
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sCHRDULE s ur±, ;•j
Schedule a oI lho polIay or pof IWea who Isauad will alSooopfain the folIowing oxofuslons grid exceplion a: j
rho policy will be subject to the Conditions and Slipuialione thereof, the terms and conditions of lion
instalment creating the estate Insured, II any, shown In 5ohoduls AI and to the following rnattors which i
f will ba additional oxcophons horn the coverage of the policy
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1 F t. Hasidic live covenants alfoollno Ilia Irind doaarih id orrolan ad to above Uutln any ntortgngoe policy
of llllo Insurance or rnertgaggtr tit'o t)oiicy blodar oo Intorfm construction loan, the Cautpany will
UUMIAoc 9101 any such restrictive covoriants have not boon violaled soon to affect, end that a future a
violation thorool will not alloet the validity or priority of Ilia Insured inorluago,
2. Any discrepancies, conflicts, orshorbUes In area c r boundary linos, or any oneronchmnnis, or any
overlapping, of ImpravornDilts, ..i.
3, Taxes for the year 10 82 and subnnquontytiare,and Subsequent ossesamentafor prioryearedco
to change In lend UaoUn or ownership.
4. Usury 0101111418 of usury (Mo40000e Policy or Morlgagop Tlllo Policy Binder oil Inlariru Construe
r tlon Loan only.)
E S. Any right of irloolsaton contains(] In nny CONSUMER CREDIT PAOTtICTION of TRUTH, IN- LENDING
lows (Mortungao Policy or Morloagoe title Palley 9intfar ml Inlorim Cohetruotion Loan only.(
B. No rnaloiials have hoeu fornishod or any labor nerlonnod in eonnoollon with the oonstrootlon
contomplatod butoundsir pilot to ([to execution, aeknowlsdomont,' end delivery of the fiun
K nstfument dosoribod aodar SCHEWU A hereof If the lend described Under SCHEbULE A forms
-I tiny pool of the homostood of file owner. IMaybo dolotod if eallseolory owdonco is furnished before
bindor is issued) (Morlgageu'ritic Policy Binder on Inl dro Construction Loop only.)
1. The foliowlno Wills) and all terms, provlslons and oondiflons of file Instrument(s) creating er
ovidenolllU said Illinla)
B. (INSOT NGHE ALL OTHER SPECIrtC EXCEPTIONS AS TO SUPERIOR LIENS EASEMENTS,
OUtSTANDINO MINERAL AND ROYALTY 11,11151`1138t% W..)
Any visible and apparent roadway or easement over or across the eubjoint ;
property, the existence of which doom not appear of record,
9, Maintenance charge netforth in the Declaration of Condominium executed by
Alonzo Davis at ux Opholia Davie dated April 7, 1966, recorded in Vol, 11
,b S, Condominium Recorder Denton County, Texas,
10, Tarma, conditions, covanante, options, restrictions, and eametaenta contained
in Declaration of Condominium executed by Alonzo Davisat ux Ophelis Davie
k dated April 7, 1966, recorded itt Vol, 10 Page 1, Condominium Records, Denton
County, Taxae,'and in the statutes of Raid State rogulating oondtNafniulda, together
E with rights and remedies of co-tanants, contractual or otherwiaa, provided for
therein,
r * None of rncord,
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j' Polley Commitment No,' C 331162
Schedule 9 of the policy to be issusd will also contsln sxoepfiont with respect to the 1611OW109 matters E r_ « "
supposed to affect title to the h6reinatwv6 described property unless the following matters ore disposed 5
of to the satlpfaoflon of the Company at or prior to the date of the losusace of the policy, rrf
I, mt F,
giw?ttlg the estate or Interest to be insufad must be approved by the Company, {
rumenti6) r
exeouted and llailfor 'reoofd,
2. Sotbfsotory evidence that no persur occupying the properly dr any pbrilolt thereof owns of claims
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l any inler6st thstbht, either personally or by dghl of another, adverse td the present record owner as
shown In Schedule A
3. Payment of Iho full oonsldetallon to, or for the, account of, the grantors or mortgagors
lj 4. Payment of all taxes; charges and assessments levied of assessed dg6tnst the ambloot estate or
Intelsat, which are currently due slid frayabfe,
0. Setisfaolorygvldenosthat allimprovements end/or repalrsertd/or alters lions theretoore oompletod t
E and accepted by the owner and that all oonlrsotors, subcontractors, labor ere and materialmen have
been paid In full, and no mochenlo's, laborer's or matorialmon s Ilona have attached, ;
8. Any defeul, Ilan, encumbrance or other matter affeoting oraupposed to affect title to the estate or
Interest to be Insured whfgh maybe flied or which may arise snbesqueht to the 111116atlva data 111160f.
} 1. I) a mortgagee policy of title Insurance Is to be Issued satisfactory evldunoe that rsalflatlouu and
testdodve convsnants, if any, have not been violated so as to affect, and that a future violation
f's thereof will not effect the volicilty or prloilly of the Inaurod mortgago.
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Attached to and mado a port of Stawart Title Guarnnty Company Policy No. 0 351162
Continuation of Scheduls A
EXHIBIT " Ail
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Tract 1. 6 '
All that certain 0,306 acre tract, or patcal of land situated in the D,D,%
and Cl Co, Survey, Abstract No. 186, City and County of Denton, Texas;'
said tract being part oC Davie Triangle Addition as shown by Plat recorded in
Volume 4, page 24 of the Plat Records of Denton County, Taxas And also being
part of the Alonzo Davis Condominium Regime as shown be Condominium Declaration
recorded in Vol, 1, page 1, Condominium Records of Denton County, Toxasaid
I
tract being further described herein by mates and bounds as follows$
BEOINNINO, for the most Western corner of the tract being described herein, at
an iron pin set in the South line of said Davis Triangle Addition and North line
of Old Sanger Road, said point lying South 88 degrees 23 minutes 48 seconds West
131.51 feet from the Southwest cotner of said Davis Triangle Addition;
THENCE Northeasterly 282.67 feet with are of curve to left whose radius is
•ij' -510,83 foot, chord boating North 61 degrees 03 minutes 19 seconds 9ast 279.07 feet.
to an iron pin set in the Northeastern line of aaitt Davis Triangle Addition;
rt4
} THENCE South 57 degrees 58 minutes 05 seconds East 61.44 feet to an iron pin set
at it point in curve of the proposed Southeasterly right-of-wry line of Windaor Drive;
THENCE Houthuonterly 176,93 Peet with are of curve to right whose radius is
570,83 fast, Chord bearing South 52 degrees 40 minutes 38 seconds West 176.22 feet
to an iron pin set in the south line of Davis Trianglu Addition;
THENCE North 88 degrees 23 minutes 48 seconds West 156.23 feet to the place of
" BEGINNING,
4i Treat II,
All that certain lot, tract or parcel of land lying and being situated in the City
and Countyy of Denton) State of Texas, and being part of the u,H.B, & C,R,R, Co,
Survey, ItI No, 186{nd being part of the Davis Triangle Addition as AhowEt by
tits plat recorded in Vol, 4, page 24, of the Plat Records of Denton County, Texas,
And also being part of the Alonzo Davis Condominium Regime as shown by Condominium
Deal%,C tion recorded in V01,: 1, page 1, of the Condominium Records of Denton County,
Y' Texas,t nd also being part of a tract of land as conveyed from Opholia May Tilaoit
Davis o Dotty Ruth Davis Jackson and Joyce Davis Hranholty by dead recorded in
r Volume 7110 Page 382 of the Dead Records of Denton County, T'axas, and more par.ticut
larly described as followsl
BEGINNING at a point in the Northeast boundary line of said tract, said point
being the intersection of the. Southwest right-of-way line of U.S. Highway 77 with
tits Southeast right-of-way line of the proposed Windsor Drive{
THENCE South 57' 58' 0511 Feet along the Northeast boundary line of said tract,
r same being the Southwest right-of-way line of U,S, Highway 71 s distance 218.62
feat to a point for a Cotner, same the intersection of the Southwest right-of-way
line of U l Highway 77 with the North right-of-way line Bangor Road;
THENCE North 881 23' 1+8" West along the South boundary line of naid tract, saw
bsi.n8 the North right-of-way line of Sanger Road, a distance of 325.6 feet to a
point for a corner; same being the beginning of a nontangent curve to the left
whose radius is 570,83 feet, a central angle of 17' 45' 3211 and a chord of
h North 52' 40' 38" East 176,22 feet;
THENCE Northeastarly along said curve an are distance of 176.93 feet to thg place
of 1190INNINO and containing 0,395 acres, AttArl"e to AND MADEArARl of
WWI 100E OUAAMTY COMPANY All,
rouoY N6 C 351162
comp11UA11oll DY SCHEOutc A
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