HomeMy WebLinkAbout1997
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1997 Deeds of Trust
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DEED OP TRUST
Dater September 3, 1997
Grantors Terrano Realty, Inc., a Texas corporation
Grantor's Maill.ng Address (inoluding county)s
Terrano Realty, Inc., a Texas corporation
1303 Campbell Road
lioiiston, Texas 77055
Harris County
Trustees Roger N. Wilkinson r
Trustee's Mailing Addrasa (inoluding county)s
215 E. McKinney
Denton, Texas 76201
Denton County
Bensfioiarys City Of Denton, Texas
Beneficiary's Mailis,g Address (including county)s
215 E. McKinney
Denton, Texas 76201
Denton County
f
Natal
Dates of even data herewith
Amount: $709,000.00
Maker: NW Realty, Inc., a Texas corporation and Terrano
Realty, Inc., a Texas corporation
Payee: City of Denton, Texas
Property (including any improvements)s See Exhibit "A" hereto.
Prior Lien(s) (including recording informations None j
Other Exceptions to Conveyance and Narrantys All matters of record
or affecting the property, and matters which an inspection or
survey would reveal.
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For value received and to secure payment of the note, Grantor
conveys the property to rrustee in trust. Grantor warrants and
agrees to defend the title to the property. If Grantor performs
all the covenants and pays the note according to its terms, this
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deed of trust shall havq no further effect, and Beneficiary shall
release it at Grantor's expense.
Grantor's Obligations
Grantor agrees to:
1. Keep the property in good repair and condition]
2. Pay all taxes and assessments on the property when duet
3. Preserve the lien's priority as it is established in this deed i
of trust;
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Beneficiary's Rigbts
1. Beneficiary may appoint in writing a substitute or successor
trustee, succeeding to all rights and responsibilities of
Trustee.
2. If the proceeds of the note are used to pay any debt secured
by prior liens, Beneficiary is subrogated to all of the rights
and liens of the holders of any debt -,o paid.
3. If Grantor fails to perform any of :,rantor's obligations,
Beneficiary may perform those obligations and be reimbursed by
Grantor on demand at the place where the note is payable for
any sums so paid, including attorney's fees. The sum to be
reimbursed shall be secured by this deed of trust.
4. If Grantor defaults on the note or fails to perform any of
Grantor's obligations, and the default continues after
Beneficiary gives Grantor notice of the default and the time
within which it must be cured, as may be required by law or by
written agreement, then Beneficiary may:
a. declare the unpaid principal balance and earned interest
on the note immediately due;
b. request Trustee to foreclose this lien, in which case
Beneficiary or Beneficiary's agent shall give notice of
the foreclosure sale as provided by the Texas Property
Code as then amended; and
c. purchase the property at any foreclosure sale by offering
the highest bid and then have the bid credited on the
note.
Trustee's Duties
If requested by Beneficiary to foreclose this lien, Trustee shall:
1. Either personally or by agent give notice of the foreclosure
sale as required by the Texas Property Code as then amended;
2. Sell and convey all or part of the property to the highest
bidder for cash with a general warranty binding Grantor, ,
subject to prior liens and to other exceptions to conveyance '
and warranty; and ~k.
3. From the proceeds of the sale, pay, in this orders
a. expenses of foreclosure, including a commission to
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Trustee of 5% of the bidr
b. to Beneficiary, the full amount of principal, interest,
attorney's fees, and other charges due and unpaid;
C. any amounts required by law to be paid before payment to
Grantor; and
d. to Grantor, any balance.
asneral Provisions
1. If any of the property is sold under this deed of trust,
Grantor shall immediately surrender possession to the
purchaser. If Grantor fails to do so, Grantor shall become a
tenant at sufferance of the purchaser, subject to an action
for forc4ble detainer.
21 Recitals in any Trustee's deed conveying the property will be
presumed to be true.
3. Proceedings under this deed of trust, filing suit for
foreclosure, or pursuing any other remedy will not constitute
an election of remedies.
d. This lien shall remain superior to liens later created even if
the time of payment of all or part of the note is extended or
part of the property is released.
5. If any portion of the note cannot be lawfully secured by this
deed of trust, payments shall to applied first to discharge
that portion.
6. whan the context requires, singular nouns and pronouns include 3
the plural.
7. The term "note" includes all sums secured by this deed of
trust.
8. This deed of trust shall bind, inure to the benefit of, and be
exercised by successors in interest of all parties. a 1
9. If Grantor and Maker are not the same person, the term y
"Grantor" shall include Maker.
lo. Grantor represents that this deed of trust and the note are #
given fur the following purposese
The Deed of Trust secures payment of the Note issued in
connection with that one certain Memorandum of Understanding
entitled 'ECONOMIC DEVELOPMENT PROGRAM INCENTIVES FOR INTERNATIONAL f
ISOTOPES, INC. (AIPC)", dated February 110 19970 by and betweeiti NW
Realty, Inc. and Terrano Realty, Inc. (referred to jointly as
"Joint Venture") and City of Denton ('City"), herein called the
"Agreement", reference to which is here made for all purposes, said
Agreement being incorporated herein by this reference for all
purposes and made a part hereof. Capitalj.zed terms used and not
otherwise defined shall have the meanings ascribed thereto in the
Agreement.
Grantor shall be entitled to partial releases from this Deed
of Trust from time to time of portions of the property as
designated by Grantor in the manner set forth below. In the
alternative, at the election of Grantor, Grantor shall be entitled
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to releases of portions of the substitute collateral provided for
below, on the basin of $1.00 of substitute collateral released for
each $1.00 paid on the pprincipal of the Note secured herebyl
provided, however, that in no event shall the payment on the
principal of the Note secured hereby required in order to release
portions of the property from this Deed of Trust or to release the
substitute collateral be greater than the remaining unpaid
principal balance of the Note.
If Grantor desires to sell a portion of the property covered
by this Deed of Trust, Grantor shall be entitled to partial
releases from this Deed of Trust in consideration for substituting
an Escrow Agreement (in the form attached as Schedule 1 to the
Soto) funded at $1,700.00 per acre comprising the land to be
released. The portions of the property to be released shall be
designated by Grantor, and at the time Grantor desires the partial
release, Grantor shall deposit with the Escrow Agent under the
Escrow Agreement an amount of money equal to $1,700.00 per acre of
land to be released, whereupon the holder of the Note shall execute
and deliver to Grantor a partial release of lien in recordable
form. Each application for release must be accompanied by a legal
description of the parcel or parcels to be released.
If Grantor desires to incur any additional lien, security
agreement or encumbrance on or sell any portion of the land covered i
by this Deed of Trust, during the period commencing with the date
of the Agreement and ending three (1) years thereafter, Grantor
shall first obtain the written consent of the City, or provide the
City (a) an escrow fund under the Escrow Agreement in the amount of
the unpaid principal balance of the Note, or (b) an escrow fund
under the Escrow Agreement in the amount of $1,700.00 per acre
desired to be released, or (c) provide the City with a performance
bond as provided for in the Agreement.
The City agrees that it will approve releases or subordinate
the lien of this Deed of Trust, as appropriate, to the followings
utility easements, drainage easements, streets, roads, parks and
playgrounds, and the like desired by Grantor in connection Frith its
sale or development of the property covered by this Doed of Trust.
when the context requires, singular nouns and pronouns include
the plural.
GRANTORI
TERRAVIRIZAL INC.,
a Taxtn
Byl
Name s
H. MC CK
Ti tlet 'r !
I Lo 4601,1?.C -V mh 4
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THE STATE OF TEXAS S
S
COUNTY or HARRIS S
This instrument was acknowledged before me on September 2t__,
1997, by _J011N M. MCCORMACK , President
of Terrano Realty, Inc., a Texas corporation on behalf of said
corporation.
J-
Notary Public in and for the
WDMOMIONDM8 State of Texas
my 23. X000
Pr me Name o Notary
My Commission Expires 7/23/00
AFTER RECORDING RETURN TO$
City of Denton
city manager
215 E. McKinney
Denton, Texas 76201
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toe t.rw.f all t4 ostf tlu of 11111.1 1"t fail" aiflPfl-aql
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10004.4 II olWtlo If 1014Nt 1 fa1144 H 1111.11 Y ors Sloltt of 140.{1
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,.to Ilnr Ilfo ♦f late failrw•a IIsWol•nr to ■ PoW 149 formll
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SAVE AND EXCEPT that portion of t:.ie above deeCrilad trlCt Convaysd to G11e11e
Realty, In:. by deed dated Roveeber 13, 1995 and recorded if.. Clerk's File No. /t
9C-RODS7214, Offitisl fublte Eecords, Denton County, texas,
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a-tuatcd !n the City omi Cw n`y rf rentcn, w"t~ to oxow and
brrlnp part o! era Ma Auetln Ourvey. "straot Wo. 4 and ~llnq
part of Lot I Dlook 1 and D~ o. ZZat Sr 8look 3 of that
Dentoon,tevoeE;dylndciiinnot O Addition a3of tt 43ai 1eeCrds of p!
Denton Coeaty, ?eras and More petttaularly do■orlbsd so fellovrt
CCyimact"o at tha northwest corner of said Lot 1, 9lock It
't S2WCX south 02 dog. 11 nlo, 74 ego. Wars along tte vast: boundary
line of said Lot lr Siock It s d1►t■nae of 110.27 Cost to the
rOMTisor Saglutilliyaeeron0etu eehownhennesld pSitjotsatr e! a
POILhsbagrlary'1lni,aldl►tsnw7oto 149.dttlestoto sapointgfornt
corner)
^a SNCC feuth $7 dap. 70 .,[n. 77 seo. ttsat, aool Lnvi_rtq a1o+g sold
forsacareertin thodtgetlboundasy ILLAAeeef a id~Let 3, Ioc, 71~t
^,1fSNCg south 0 daa• as tin. 00 sse. East, •loaq the sent b"%d•rryy
lire of said Let , Dleel 1, paua~gbstn9cii4 nftst thehi sfb\sna0
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vornert
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of said Lote9,~tStoocke2,e@aidopoiAL point boinggtetessok4rlyamse
Dentons CeuOtyat4ia■ al(A P A.DC4 1 2124, 1.6 176,
Realr Pssr•vty Noccof a rLrr L940,
of
line ofrita tatair Dleokna,iOttevb•ingtthe easttb-ouAdfiry It" Of
said trout deaerlbet In volute 2134p Page 775 A.9 A,D.C.44.,
passing at 910.75 toot the oottkwast oercor of asld Let 1, IcaH
.ndsp iainpn~ehAO Otrlghinaf.wawyys ofoMatesareadadimn boti0ntha
southwart turner of said Lot 10 $leok 1, oentifviH and 01enaa ttta
want boundary 11no of told tat 1, Diook S a total r~.la taaaS 0!
1577.24 fart to a point for a corner!
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fart to the YLJ1
lend, 1, ago or lest.
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TAl%xGS SOUTH 00 aCOASs! of N3mS AND 10 SRCONDI FIRST ALOMO 7'Mr
wtsr VIONT'-Of-WAY L1Ht Or LOOP 121 A DOSTANC$ Or 113.OD 1'LRT TO
AN 1900 PINr
THEO10! 06UTN 01 DEOA.Rts 13 wents AND 2S t1CO.fw WRST /A~tI,,~7Ia
THC WXST RIGHT-OF-WAY LINt OP L00 311 A OtSTAWCt OP lII.N
PELT 7'0 AN 1AON PINT
1 '
f rI t
i
~a ..a ~!^T~ .w r w !"i' .:Jr.. :i ..~4L.Tww~i'1'I'n'~ ♦~'T~.
rj
c•
KMIS1T "A" (90fitlws4)
TNl+7+CE 6M+:N PI acapica 01 MiNUTa4 ANO 11 ARCOND4 w!,aT ALONG TNa
wZaT VNMT-or-MAY LINL O! LOOP 414 A DISTANCa 0! S94.49 r"l TO
AN ]NON PINT
=NLMCf iOVTN 04 DLPALaS 41 Na NVTSA AND 14 ascams Vest ALONG
TNR wtor It1aNT•0!-wAY UN& OF LOOT Jai A OTaTANCa or 449.92
rEar To AN J1tON PSN! { E
tt ,p PCOU Or-WAV t1psfOr11LOOOP 1+s A Di~ANaC6 OIE, 4 70SSPR" YO i
AM NEON PPpIN# u pp~
~TON1C'~ 1'ifsNlOtADiVfNOlTIA=DNCIIONY! AQOJO1LraL110P=111' AqA?~ IR"CJIO
asANa "MI 04 imw=E f0 MIN is "Cag Ma m A ulb'r7~N0a 1
35940i PERT THE SNT-Or-*vcl zNa AND OWTAZWIWG if-f
ACst" or LAND. Moe OR La.
I
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t
Ar'\ '
TOTAL P.M
u
i
i LtWSIST "A'' (leitlwf4)
TTf G+CZ i~:M 0: OLO7Lii 01 MtNVai AND if SZCOND6 V~i T ALONG TMS'
VCST IISOMT'"01-MAY LINC Or LO00 306 A DISTANCZ OF 174.40 1`2= TO
AN SMON 77NI
TNZNCZ 80=H 00 D6Pltttis 4L NIMVTLi AND 34 SZCCHDS VSST ALONG
THS VS ItI l7xlAY Mot Of LOO! 700 A DTSTANCt or 460.73
rzzT
To AN z2rcw 'tines OOUTM OL OrON3Z0 3► NINMO AND 03 SSCOMDS VjG" ALONG T71Z
WSSJ~ wT.OT-WAY L:XX Or LOOS 300 A Df/SpppTAMM Or , 4 7.30 7!i? TO
TIM
a:ON' t T1(31NRADDIUS of PAIDNCUP tYDKSL3606 Ott ~1',.Ai A ' C lam
qtr GNr~
RZAM , too" 04 DZOtli" so x3x- 31 93MCIS wx 3 A tILL't'A00~ f pr
357,15 JL2T . e To04 t V T'ar-SROINNZHO AND CO17t'AZNSNO 36170
III
II
A~ n
TOTAL P.000
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y 161nlnrta~tl
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i
Return To:
City Of Denton
Engineering 8 Transportation Dept.
221 North Eim Street
Denton, TeKas 76291
Attention: Roger N. Wilkinson
E
i
Filed for Record im
DENTON COUNTY, TX
HONORABLE TIM NODGES/COUNTY
CLERK
On Dec 19 1991
At 3133pe
Doc/NUM 1 9749089214
Recordinli 25DIR
.08
Doc/Mgml. 1 6.00
Receippt N~ 40186
Peputy - Cheryl
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DEED OF TRUST
Date: September 3, 1997
Grantors NW Realty, Inc., a Texas corporation
Grantor's Mailing Address (including county):
NW Realty, Inc., a Texas corporation
1303 Campbell Road
Houston, Texas 77055
Harris County t
Trustee: Roger N. Wilkinson
t
Trustee's Mailing Address (including county):
215 E. McKinney
Denton, Texas 76201
Denton County
Beneficiary: City Of Denton, Texas
i
Beneficiary's Mailing Address (including county):
215 E. McKinney
Denton, Texas 76201
Denton County
Note: j
Date: of even date herewith
Amount: $709,000.00
Maker: NW Realty, Inc., a Texas corporation and Terrano
Realty, Inc., a Texas corporation
Payee: City of Denton, Texas
Property (including any improvements): See Exhibit "A" hereto.
Prior Lien(s) (including recording information): None
other Exceptions to Conveyance and Marranty: All matters of record
or affecting the property, and matters which an inspection or
survey would reveal.
t
For value received and to secure payment of the note, Grantor 4
conveys the property to Trustee in trust. Grantor warrants and
agrees to defend the title to the property. If Grantor performs
all the covenants and pays the note according to its terms, this
14 1 1 1 1.
l
deed of trust shall have no further effect, and Beneficiary shall
release it at Grantor's expense.
Grantor's obligations
Grantor agrees to:
1. Keep the property in good repair and condition;
2. Pay all taxes and assessments on the property when due;
3. Preserve the lien's priority as it is established in this deed
of trust;
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Beneficiary's Rights
I
1. Beneficiary may appoint in writing a substitute or successor
trustee, succeeding to all rights and responsibilities of
Trustee.
2. If the proceeds of the note are used to pay any debt secured
by prior liens, Beneficiary is subrogated to all of the rights
and liens of the holders of any debt so paid.
7. If Grantor fails to perform any of Grantor's obligations,
Beneficiary may perform those obligations and be reimbursed by
Grantor on demand at the place where the note is payable for
any sums so paid, including attorney's fees. The sum to be
reimbursed shall be secured by this deed of trust.
4. If Grantor defaults on the note or fails to perform any of
Grantor's obligations, and the default continues after
Beneficiary gives Grantor notice of the default and the time
with!n which it must be cured, as may be required by law or by
written agreement, then Beneficiary mays 1
a. declare the unpaid principal balance and earned interest l
on the note immediately duet
b. request Trustee to foreclose this lien, in which case 1
Beneficiary or Beneficiary's agent shall give notice of
the foreclosure sale as provided by the Texas Property
Code as then amended; and
c. purchase the property at any foreclosure sale by offering
the highest bid and then have the bid credited on the
note.
Trustee's Duties
if requested by Beneficiary to foreclose this lien, Trustee shall:
1. Either personally or by agent give notice of the foreclosure
sale as required by the Texas Property Code as then amended;
2. Sell and convey all or part of the property to the highest
bidder for cash with a general warranty binding Grantor,
subject to prior liens and to other exceptions to conveyance
and warranty; and
7. From the proceeds of the sale, pay, in this orders
a, expenses of foreclosure, including a commission to
2
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Trustee of 5% of the bid;
b. to Beneficiary, the full amount of principal, interest,
attorney's fees, and other charges due and unpaid;
C. any amounts required by law to be paid before payment to
Grantor; and
d. to Grantor, any balance.
General Provisions
1. If any of the property is sold under this deed of trust,
Grantor shall immediately surrender possession to the
purchaser. If Grantor fails to do so, Grantor shall become a
tenant at sufferance of the purchaser, subject to an action
for forcible detainer.
2. Recitals in any Trustee's deed conveying the property will be
presumed to be true.
3. Proceedings under this deed of trust, filing s+iit for
foreclosure, or pursuing any other remedy will not constitute
an election of remedies.
4. This lien shall remain superior to liens later created even if
the time of payment of all or part of the note is extended or
part of the property is released.
5. If any portion of the note cannot be lawfully secured by this
deed of trust, payments shall be applied first to discharge
that portion.
6. When the context requires, singular nouns and pronouns include
the plural.
7. The term "note" includes all sums secured by this deed of
trust. f
8. This deed of trust shall bind, inure to the benefit of, and be
exercised by successors in interest of all parties.
9. If Grantor and Maker are not the same person, the term
"Grantor" shall include Maker.
10. Grantor represents that this deed of trust and the note are
given for the following purposes:
P
4
The Deed of Trust secures payment of the Note issued in
connection with that one certain Memorandum of Understanding
entitled "ECONOMIC DEVELOPMENT PROGRAM INCENTIVES FOR INTERNATIONAL
ISOTOPES, INC. (AIPC)", dated February 11, 1997, by and between NW
Realty, Inc. and Terrano Realty, Inc. (referred to jointly as
"Joint Venture") and City of Denton ("City'), herein called the
"Agreement", reference to which is here made for all purposes, said
Agreement being incorporated herein by this reference for all i
purposes and made a part hereof. Capitalized terms used and not li
otherwise defined shall have the meanings ascribed thereto in the
Agreement.
I
Grantor shall be entitled to partial releases from this Deed '
of Trust from time to time of portions of the property as d.
designated by Grantor in the manner set forth below. In the t
alternative, at the election of Grantor, Grantor shall be entitled
3
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to releases of portions of the substitute collateral provided for
below, on the basis of $1.00 of substitute collateral released for
each $1.00 paid on the principal of the Note secured hereby;
provided, however, that in no event shall the payment on the
principal of the Note secured hereby required in order to release
portions of the property from this Deed of Trust or to release the
substitute collateral be greater than the remaining unpaid
principal balance of the Note.
If Grantor desires to sell a portion of the property covered
by this Deed of Trust, Grantor shall be entitled to partial
releases from this Deed of Trust in consideration for substituting
an Escrow Agreement (in the form attached as Schedule 1 to the
Note) funded at $1,700.00 per acre comprising the land to be
released. The portions of the property to be released shall be
designated by Grantor, and at the time Grantor desires the partial
release, Grantor shall deposit with the Escrow Agent under the
Escrow Agreement an amount of money equal to $1,700.00 per acre of
land to be released, whereupon the holder of the Note shall execute
and deliver to Grantor a partial release of lien in recordable
form. Each application for release must be accompanied by a legal
description of the parcel or parcels to be released.
If Grantor desires to incur any additional lien, security
agreement or encumbrance on or sell any portion of the land covered
by this Deed of Trust, during the period commencing with the date
of the Agreement and ending three (3) years thereafter, Grantor
shall first obtain the written consent of the City, or provide the
City (a) an escrow fund under the Escrow Agreement in the amount of
the unpaid principal balance of the Note, or (b) an escrow fund
under the Escrow Agreement in the amount of $1,700.00 per acre
desired to be released, or (c) provide the City with a performance
bond as provided for in the Agreement.
The City agrees that it wIll approve releases or subordinate
the lien of this Deed of Trust, as appropriate, to the following:
utility easements, drainage easementao streets, roads, parks and
playgrounds, and the like desired by Grantor in connection with its
1 sale or development of the property covered by this Deed of Trust.
When the context requires, singular nouns and pronouns include
the plural.
GRANTOR:
NM REALTY ~0
S Texas of1+o
Y• .24,
Ti 28: President
c: X5:71 UBL IE07~G3-91-D^~~mh 4
r
t
THE STATE Of TEXAS S
S
COUNTY OF HARRIS S
This instrument was acknowledged bofore me on SP tr r 1 ,
1997, by rout, M- myrngmArK , President
of NW Realty, Inc., a Texas corporation on behalf of said
corporation.
$'r Notary Ptiblio in and for the
State
of Texas
DAURICE WHITE
Printed Name of Notary
My Commission Expirest 7/23/00
AFTER RECORDING RETURN TOt
City of Denton
City Manager
215 E. McKinney
Denton, Tetras 76201
C `5'E: .LBCIF-0J~79.9;-oi~Jnh S
i
iI
III TRACT 1V'
balmy all o: that certain lot, tract or parcel of land altvated In the a.
Horne Swe-way, A-440 and the K. Austin 3uryoy, A-4, City of Canton,
Dantan County, Teams, and being part a CC that nnr 174,05 more tract of
land daseritol in Deed or Trust to N.E. asldrldge, recorded Ln Volume
746, Pogo 567 or the 0400 Records Of Denton County, Tares, and eald trapt
belny core Particu L rly deacrlted as follows
SCOINNINO at a 3/44 Iron rod Cur corner at the praoant intersection of 7 m n
the cart R.O.M, line of N3odrow Lane (a verlable width witb the O GiG) 0
south liar of Lot 1, block 1 of Nctor Addition, an eddit~on to the Cityy 71 D -
of Denton, Texas, recorded in volume 16, rags as of the rle: ReDOrds of O C: 7~
Denton County, 'rewaat -4-1 (h 1_ hl j
THBNC6 N 11'33'71" E, 1371.11' with the south line of geld Lob 1 to a ti A
point for corner in a creek and in the vest line of A hsast favinge y Q Q 0
Aasoaiatlen 314,607) acre tract at lands O U -n j
' T113NCZ s 02109135" 1, 216,111 with the west line of the 334.6073 " 0
mesa tract to a 1/an Leon rod Car Corner in the oomgon south ling of the
i r. Norris Survey and north lino of the X. Austin aurveye f-tl-n O
716NC3 N 10034114" r, 1313.36' with MO Common line of the 334.6073 rare ~'''1Q 11111
tract anJ the Morris and Austin Survoya to a 1/1e iron rod for earner in 0
the Watt Sine of tat I, aLook 1 of Lot 1, clock 13 lot 1, block at and O C j
Let 1, aleck 3, ttunleipal utility Addition, an addition to thr city of rJ C: i:
Denton, Texas, recorded In Cabinet 6, Page 346 of the Plat A 003111. of > [fl
Canton county, Tenant
TN=Ncd a 0115115)' u, 1513.31' with tl:e west ling of sell addition to a O
tallroad tic for corner In the north ling of a 30' road eosasent to
Denton county, Tasu, recorded in volume 407, 7670 473 of 016 Deed
Records of Denson county, Tewast
,r113NCE 6 19'27141" w, £653,51' with the north line of said amafy6nt to a
rallread spike for corner In the east lips of Woodrow Lust
'M RNCE N 00123100" C, 1063.99' with the sett line of Woodrow Lane to a
7/4" iron red at the prsetnt southwest corner of that same 0,15 sure 3
tract at land described in dud to D.N. Try, recorded Ln Vo2une 716, Page `
' sd3 of the Deed nocorda of Denton County, Ter4 N i
4'I(f8QE N 99'41'W' C, 149,93' with the south line of recd rry tract to a
3/e" Iran rod for earner!
TatNCL N 00'21'00" f, 219.65' Vith the east 11ns or said rr'Y tract to a '
3/4" iron rod for cormeri
4
1
T+iRhCtf s 69'41-Cull w, 141.97 with the hOttJ1 line of geld try tract to a }
3/4" ' iron rod fee earner in the east line Of >tcodrOW LaraJ {
TtIENCZ N 00.11'00" a, 111.39' with the Meet lima of leerlrow Lane to the
#
pSaca of begirning and contalning 4,513,734.44 aquere feet or 10512191
sexes at land.
And boing the sale proppafty Canvey44 td Aasosution Tryst Corpotatlae 410
ROCMivor far La naClenCa s winga AseooiatlOn by 2ubgaltuas Truatsee Duo '
dated septesbor 3, 1991, of record In Volume 3064, page 0311 Dmfd
pecorJs, benton County, Taxis
SAYE AND EXCEPT that portion of the abova delcribsd tract conveyed to 6obranto
Funding by dead dated May 27, 1994 and rttorded in Clerk's File No. 94-ROO44236,
official Public Retorda, Penton County, Texas.
,
FURTHER SAVE AND EXCf.?T that portion of the Above described tract conveyed to
Oalelle Realty, Inc, by deed dated December 10, 1996 and recorded in Clerk's
File NO, 96-90081211, Official Public Records, Denton County, Texas.
„
D
Yls
Return To:'
City Ot Denton
Engineering & Transportation Dept.
221 Noah Elm Street
Denton, Texas 76201
Attention Roger N. Wilkinson
I
1
1
I,ICr; for kUord Inp
11~i fUUNfI, Ix
hUf orl't E TIM NDD6L6/LOUNIY
ua Iec 17 1`i97 i~ 1
r1C d:dJpd
51 fiee8'12lb
raT?po s D I R
krcordln41 15.80
D„r,Og0't 1 61Ou
+.racr;[L 4t 40186
lm p:.i y 1:1,,errl.
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END OF
FILE
9
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