1988-1002312L
NO ~ ?f 6
AN ORDINANCE APPROVING A CONTRACT PROVIDING FOR THE PURCHASE OF
REAL PROPERTY BY THE CITY OF DENTON, TEXAS AS DESCRIBED HEREIN
FROM ALFRED G COULTER AND GRACE LENA COULTER FOR THE ACQUISITION
OF PROPERTY FOR THE CITY'S WATER PLANT, AND PROVIDING FOR AN
EFFECTIVE DATE
THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS
SECTION I That the City Council of the City of Denton, Texas
approves the 7ontract of Purchase of Real Property providing for
the purchase of that certain real property described in said con-
tract attached hereto, by the City of Denton, Texas from Alfred
G Coulter and Grace Lena Coulter, in the amount of Six Thousand
Two Hundred and Fifty Dollars ($6,250 00) per acre, in accordance
with the terms and conditions of said contract
SECTION II. That the City Council authorizes the expenditure
of funs n t e amount specified in said contract for the purchase
of said real property and authorizes the Mayor to execute any and
all documents necessary to consummate said purchase
SECTION III That this ordinance shall become effective
imme ate y upon its passage and approval
PASSED AND APPROVED this the day of 1988
RAY - HEN , MAYOR
ATTEST
J IF RS, CITY SECRETARY
APPROVED AS TO LEGAL FORM
DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY
BY
2312L
THE STATE OF TEXAS §
COUNTY OF DENTON §
CONTRACT FOR PURCHASE
OF REAL PROPERTY
1 Parties ALFRED G COULTER AND WIFE, GRACE LENA COULTER,
(Seller agree to sell and convey to the CITY OF DENTON, TEXAS, a
municipal corporation of the State of Texas (Buyer), the property
described below
2 Property Seller agrees to sell to Buyer all that certain
real property (the Property) situated in the City of Denton,
County of Denton, State of Texas, described in Exhibit "A",
attached hereto and incorporated herein by reference, provided,
however that the parties recognize that no current survey of the
Property exists and that the exact acreage included within the
Property owned by Seller to be conveyed may be more or less than
the acreage as described herein, and the parties agree that the
exact acreage and the boundaries of the Property which is to be
conveyed hereunder to Buyer shall be hereafter determined in
accordance with a current survey performed as provided herein
3 Escrow Agent
nt
Locust Street, City
escrow agent and the
shall pay the escrow
4
Sa
Title USA Insurance Corporation, 531 North
of Denton, Texas, is hereby designated as
Purchaser, on execution of this agreement,
fee, if any
The total sales price for the Pro-
perty shall be 51x f ~usant3 Two 11wnd.aJ"'L N
~6a oo), per acre, N c sum s a be the so .Le compensation
duee Seale for any and all claims of any description whatever
arising out of the Buyer's acquisition or use of the property for
public purposes The total sales price for all of the acreage
included in the Property shall be determined by applying the per
acreage price to the total acreage included within the property
owned by Seller in accordance with a current survey of the
Property obtained as provided herein The total sales price is
to be paid to the escrow agent as follows
(a) One Thousand Dollars ($1,000 00) on the execution
of this contract by both parties, as earnest
money
(b) The balance in cash or certified or cashier's
check at closing on delivery to the escrow agent
of a general warranty deed with full covenants,
duly executed in proper form for recording so as
to convey to the Buyer a good and marketable
record and title to the Property free and clear
,V y 4p--C~
of all recorded and unrecorded liens, assess-
ments, leases, taxes, and encumbrances,
restrictions, and conditions, except public
easements and rights-of-way of record
5 Closing Date The transactions shall be closed on or
before n nety calendar days from the date of acceptance of
this agreement by the Seller and Buyer, or at such other time as
the parties may mutually agree, at the office of the escrow agent
or at such other location as is mutually agreeable to the parties
herein
6 Survey A survey of the Property shall be obtained within
sixty (bbjays of the effective date of this agreement by the
Buyer, at the Buyer's expense, to be performed by a Registered
Public Surveyor licensed by the State of Texas A plat of the
survey together with any appropriate field notes shall be
furnished to Seller and Buyer prior to closing The survey shall
locate all improvements, encroachments, property lines, and all
easements and roadways adjoining or crossing the property The
total sales price for the Property shall be determined by the
exact acreage as shown on the survey furnished
7 Soil Conditions The parties recognize that Buyer intends
to use the Property for the construction of a water treatment
plant, and that the Property will only be suitable for such use
if the soil or geological conditions on the property are
acceptable for such use The parties agree that the Buyer, its
agents or representatives, shall have ninety (90) days from the
effective date of this agreement to enter upon the Property and
to perform such work and tests as may be necessary to determine
the existing soil and geological conditions of the Property
Should the Property not have suitable soil or geological
conditions for the intended use, as solely determined by the
Buyer, the Buyer may, notwithstanding any other provision of this
agreement, terminate this contract by giving written notice to
the Seller at any time prior to the closing date, and any earnest
money paid by Buyer shall be returned to Buyer
8 Title Insurance Policy The Seller agrees, prior to the
closing, to procure at the Buyer's cost, from Title USA Insurance
Corporation or another title company of Seller's choice
acceptable to the Buyer, a preliminary title report agreeing to
ensure marketable title to the Buyer in the full amount of the
purchase price
9 Effect of Defective Title Should the title prove
defective in the opinion o t e Buyer's attorney, then such
defect shall be pointed out in writing by letter delivered to the
PAGE 2
Seller after the delivery of such preliminary title report, and
the Seller shall have thirty (30) days thereafter in which to
cure such defects or, if agreed to by Buyer in writing, prior to
closing
10 Inability to Convey Title In the event Seller is
unable to convey goo an marketable record and title to the
Property as provided for herein in the opinion of the Buyer,
then this agreement shall terminate and any amount tendered by
Buyer shall be returned to Buyer
11 Fees Charges and Costs The Buyer shall pay all
recording fees, title searches, reconveyance fees, trustees'
fees, forwarding fees for any full reconveyance of any deed of
trust, and the premium charged for any policy of title insurance
arising out of this transaction Seller shall be responsible
for the payment of all delinquent ad valorem property taxes,
along with penalty and interest thereon, and the payment of ad
valorem taxes for the current tax year, prorated to the date of
closing
12 Default If Buyer shall fail to comply with any
provision o this agreement, Seller may terminate this contract
and receive the Earnest Money as liquidated damages If Seller
shall fail to comply with any provision of this agreement, other
than the requirement to cure defective title, Buyer may either
terminate this agreement and receive the Earnest Money
previously paid, or enforce specific enforcement of this
agreement
13 Possession The possession of the Property shall be
delivers to uyer at closing
14 Integration This agreement constitutes the entire
agreement eb tween the parties and neither party relies upon any
warrants or representation not contained herein
In w teQs whereo the parties have executed this agreement
on the day of Wu" - , 1988
61
CITY OF DENTON, TEXAS, PURCHASER
BY &1-1~ A~~
RAY STEP EN S , MANOR
CITY OF ENTON, TEXAS
PAGE 3
ATTEST
FE R , CITYSECRETARY
APPROVED AS TO LEGAL FORM
DEBRA ADAMI DRAYOVITCH, CITY ATTORNEY
BY
ALFRED G COULTER AND GRACE LENA
COULTER, SELLERS
BY
'ALF
RED G
COU
LT
ER
BY
E LE A~COULTER "O -
~~-~e.,. [gig 'e;-
THE STATE OF TEXAS §
COUNTY OF DENTON §
his instrument was acknowledged before me on the 2~ day
of , 1988 by Ray Stephens, Mayor of th ty of
De n, Texas, a Municipal Corporation, on behalf of said
Municipal Corporation
JENNIFER IMRIE
Fpv-~ No ton Publlo
5 • STATE OF TEXAS
My Commission expires
/2f r4vU.'0-."'
P I , STATE OF TEXAS
v
PAGE 4
THE STATE OF TEXAS §
COUNTY OF DENTON §
This instrument was acknowledged before me on the js day
of iN~ , 1988 by Alfred G Coulter
13
~3 ,PY
~e ROGER N WILKINSON
~'~v_~ ) Notary Public State of Texas
Caamlaabb Isiallin
OT Y U LIC, STATE OF TEXAS
My Commission expires 4
THE STATE OF TEXAS §
COUNTY OF DENTON §
This instrument was acknowledged before me on the at day
of , 1988 by Grace Lena Coulter
e
ROGER N WILKINSON
~ N*n Public State a( Texas
N AR UBLIC, STATE OF TEXAS
My Commission expires L1 -,~O-q n
PAGE 5
ALL that certain lot, tract or parcel of land lying and being
situatated in the city and County of Denton, State of Texas,
and being part of the Sylvester Williams survey, Abst No
1322, and also being part of a tract of land as conveyed to
Alfred G. Coulter and wife Grace Lena Coulter by deed dated
January 22, 1953 and recorded in Volume 383, Page 552 of the
Deed Records of Denton County, Texas, and more particularly
described as follows
BEGINNING at the northeast corner of said Coulter tract said
point lying at the east corner of a tract conveyed to the
United States of America by deed dated September 15, 1981 and
recorded in Volume 1101, Page 702 deed records of Denton
County, Texas,
THENCE south along the east boundary line of said Coulter east
boundary line, same being the west right-of-way line of a north
and south county road known as McReynolds, a distance of 600 0
feet, more or less, to a point for a corner,
THENCE west, a distance of 310 feet, more or less, to a point
for a corner in an existing north and south fence,
THENCE south, along and with the general course of said fence a
part of the way passing the end of said fence and continuing a
total distance of 1,666 739 feet to a point for a corner, said
point lying in the south boundary line of said Coulter tract
and in an east and west road known as Burger road,
1HENCE west, along the south boundary line of said Coulter
tract and in said road a distance of 656 7021 feet the
southeast corner of a tract conveyed to Sheila Sue Yarbrough,
et al by deed recorded in Volume 1978, Page 793 of the Deed
Records of Denton County, Texas,
THENCh north along the west boundary line of said Coulter tract
a distance of 2,116 77 feet more or less to the northwest
corner of said Coulter tract same being the southwest corner of
said U.S A. tract for a corner,
THENCE north 810 OS' 03" east along the north boundary line
of said Coulter tract, same being the south boundary line of
said U S.A tract, a distance of 980 55 feet to the Place of
Beginning and containing 36 8674 acres, more or less
0535E/7
voi ?434Pt~Ge"5i8
Ot PROPERIY WORDS
229
G#33933 Papaad bN the Stau. Bar of TLras torus, M lawNu.onh
RLVISLd 10 85
01481h ih 111 B I I
WARRANTY DEED
Date July 1, 1988
Grantor Alfred G Coulter and wife, Grace Lena Coulter
Grantor s Mailing Address (including county) P O Box 260
Aubrey, Texas 76227
County of Denton
Grantee City of Denton, Texas
Grantee s Mailing Address (including county) 215 East McKinney
Denton, Texas 76201
County of Denton
Consideration Ten and No/100 ($10 00) Dollars and other good and
valuable consideration
Property (including any improvements) (See Exhibit "A" attached hereto )
Reservations from and Exceptions to Conveyance and Warranty None
304r
0
Grantor for the consideration and subject to the reservations from and exceptions to conveyance and warranty grams sells
and conveys to Grantee the property together with all and singular the rights and appurtenances thereto to any wise belonging to
have and hold it to Grantee Grantee s heirs executors administrators successors or assigns forever Grantor binds Grantor
and Grantor s heirs executors administrators and successors to warrant and forever defend all and singular the property to
Grantee and Grantee s heirs executors administrators successors and assigns against every person whomsoever lawfully
claiming or to claim the same or any pan thereof except as to the reservations from and exceptions to conveyance and warranty
When the context requires singular nouns and pronouns include the plural
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EXHIBIT "A"
All that certain tract of land situated in the Sylvester Williams
Survey, Abstract Number 1322, Denton County, Texas and being a
part of the called 50 acre tract described in the deed from M U
Duncan, et ux to Alfred 19 Coulter, et ux recorded in Volume 383,
Page 552 of the Real Property Records of Denton County, Texas,
the subject tract being more particularly described as follows
BEGINNING for the northwest corner of the tract being described
herein, at a Government marker stamped 204-2, 209-1, 1982
situated at the southeast corner of the called 45 25 acre tract
described in a judgment in favor of the United States of America
(hereafter referred to as "the U S A recorded in Volume 1091,
Page 27 of the Real Property Records of Denton County, the said
marker also being the southwest corner of the called 1 64 acre
tract described in the deed from Alfred B Coulter et ux to the
U S A recorded in Volume 1101, Page 702 of the Real Property
Records of Denton County,
THENCE north 810 02' 48" east along the Government property
line below the dam at Lake Ray Roberts a distance of 980 18 feet
to a government marker, a 2 inch iron pipe at a fence corner at
the southeast corner of the U S A Tract in the east line of the
Coulter Tract in the West right-of-way of McReynolds Road,
THENCE south 000 30' 58" east with the east line of the Coulter
Tract along the west right-of-way of McReynolds road a distance
of 600 00 feet to an iron rod set,
THENCE south 890 29' 02" west a distance of 302 25 feet to an
iron rod set in a north and south fence line,
THENCE south 000 23' 15" east along the general course of the
fence most of the way a distance of 1658 30 feet to a nail set in
Burger road in the south line of the Coulter Tract,
THENCE south 890 17' 12" west with the south line of the
Coulter Tract in Burger Road a distance of 660 85 feet to a nail
set for the southwest corner of the Coulter Tract,
THENCE north 000 16' 29" west, at 21 94 feet passing an iron
rod in concrete at the southeast corner of the tract described in
the deed from Jack and Edith Tillery to R L Skipper recorded in
Volume 1599, Page 29 of the Denton County Deed Records, and
continuing along the said course with the east line thereof, in
all, a total distance of 718 75 feet to an iron rod set for the
northeast corner of the Skipper Tract,
THENCE north 000 45' 10" west with the west line of the tract
described in the deed to Neblett recorded in Volume 368, Page 354
a distance of 1398 02 feet to the PLACE OF BEGINNING and
enclosing 36 942 acres of land
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Title USA Company of Denton
513 N Locust Denton Texas 76201
Post Office Box 518 Denton Texas 76202
(817) 387 6148 Metro 430 1884 or 430 1885
USA ACTITLE
August 16, 1988
The City of Denton
2.15 East McKinney
Denton, Texas 76201
Reference Our GF33933-21
Purchase from Alfred G Coulter and wife, Grace Lena Coulter
Dear Sir
In connection with the above captioned transaction, we enclose your owner's
Title Insurance Policy, numbered OP403976
We now have a permanent file on your property and are in a position to render
excellent service should you have a need for our assistance
It has been a pleasure closing this transaction for you, and we hope to have
the opportunity of doing so again in the future
Very truly yours,
---TITTLE USA Company of Denton
Tommie Thompson
Escrow Officer
Enclosure
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CONDITIONS AND STIPULATIONS
Definitions
The following terms when used in this policy mean
la) land The land described specifically or by reference in Schedule
A and improvements affixed thereto which by law constitute real
property
(b) public records Those records which impart constructive notice of
matters relating to the land
(c) knowledge Actual knowledge not constructive knowledge or notice
which may be imputed to the Insured by reason of any public records
(d) date The effective date including hour if specified
(e) insured The Insured named in Schedule A and subject to any
rights or defenses the Company may have had against the named
Insured or any person or entity who succeeds to the interest of such
named Insured by operation of law as distinguished from purchase
any person or entity who succeeds to the interest of such named
Insured by operation of law as distinguished from purchase including
but not limited to the following
it heirs devisees distributees executors and administrators
Ill) the successors in interest to a corporation resulting from
merger or consolidation or the distribution of the assets of
such corporation upon partial or complete liquidation
(in) the partnership successors in interest to a general or limited
partnership which dissolves but does not terminate
Pv) the successors in interest to a general or limited partnership
resulting from the distribution of the assets of such general
or limited partnership upon partial or complete liquidation
(v) the successors in interest to a joint venture resulting from
the distribution of the assets of such joint venture upon
partial or complete liquidation
lull the successor or substitute trustee of a trustee named in a
written trust instrument or
NO the successors in interest to a trustee or trust resulting from
the distribution of all or part of the assets of such trust to
the beneficiaries thereof
Exclusions from the Coverage of this Policy
This policy does not insure against loss or damage by reason of the
following
(a) LACK OF ADEQUATE TITLE IN THE INSURED PROPERTY TO ALLOW IT
TO BE USED SOLD TRANSFERRED LEASED OR MORTGAGED FOR
ANY PURPOSE INTENDED BY THE INSURED NOR LOSS OF OPPORTU
NITY OR ECONOMIC EXPECTATION
(b) Governmental rights of police power or eminent domain unless notice
of the exercise of such rights appears in the public records at the
date hereof and the consequences of any law ordinance or govern
mental regulation including but not limited to building and zoning
ordinances
(c) Any titles or rights asserted by anyone including but not limited to
persons corporations governments or other entities to tidelands or
lands comprising the shores or beds of navigable or perennial rivers
and streams lakes bays gulfs or oceans or to any land extending
from the line of mean low tide to the line of vegetation or to lands
beyond the line of the harbor or bulkhead lines as established or
changed by any government or to filled in lands or artificial islands
or to riparian rights or the rights or interests of the State of Texas or
the public generally in the area extending from the line of mean low
tide to the line of vegetation or their right of access thereto or right
of easement along and across the same
(d) Defects (lens encumbrances adverse claims or other matters (1)
created suffered assumed or agreed to by the Insured (2) not
known to the Company and not shown by the public records but
known to the Insured either at the date of this policy or at the date
the Insured acquired an estate or interest insured by this policy and
not disclosed in writing by the Insured to the Company prior to the
date such Insured became an Insured hereunder (3) resulting in no
loss or damage to the Insured (4) attaching of created subsequent
to the date of this policy (5) resulting in loss or damage which
would not have been sustained if the Insured had paid value for the
estate or interest insured by this policy or (6) the homestead or
community property or survivorship rights if any of an spouse of
any Insured
Defense and Prosecution of Actions
(a) In all cases where this policy provides for the defense of any action
or proceeding the Insured shall secure to the Company the right to
so provide defense in such action or proceeding and all appeals
therein and permit it to use at its option the name of the Insured
for such purpose
(b) The Company shall have the right to select counsel of its own choice
whenever it is required to defend any action or proceeding and such
counsel shall have complete control of said defense
(c) The Company shall have the right at its own cost to institute and
without undue delay prosecute any action or proceeding or to do
any other act which in its opinion may be necessary or desirable to
establish the title to the estate or interest as insured and the Com
pany may take any appropriate action under the terms of the policy
whether or not it shall be liable thereunder and shall not thereby
concede liability or waive any provision of this policy When after
the date of the policy the Insured notifies the Company as required
herein of a lien encumbrance adverse claim or other defect in title
to the estate or interest in the land insured by this policy which is
not excluded or excepted from the coverage of this policy the Com
pany shall promptly investigate such charge to determine whether
the lien encumbrance adverse claim or defect is valid and not barred
by taw or statute The Company shall notify the insured in writing
within a reasonable time of its determination as to the validity or
invalidity of the Insureds claim or charge under the policy If the
Company concludes that the lien encumbrance adverse claim or
defect is not covered by this policy or was otherwise addressed in
the closing of the transaction in connection with which this policy
was issued the Company shall specifically advise the Insured of the
reasons for its determination If the Company concludes that the
lien encumbrance adverse claim or defect is valid the Company
shall take one of the following actions (1) institute the necessary
proceedings to clear the lien encumbrance adverse claim or defect
from the title to the estate as insured (2) indemnify the Insured as
provided in this policy (3) upon payment of appropriate premium
and charges therefor issue to the current Insured or to a subsequent
owner mortgagee or holder of the estate or interest in the land
insured by this policy a policy of title insurance without exception
for the lien encumbrance adverse claim or defect said policy to be
in an amount equal to the current value of the property or if a
mortgagee policy the amount of the loan (4) Indemnify another title
insurance company in connection with its issuance of a pohcylies)
of title insurance without exception for the lien encumbrance adverse
claim or defect (5) secure a release or other document discharging
the lien encumbrance adverse claim or defect or (6) undertake a
combination of 1 through 5 herein
(d) Whenever the Company shall have brought any action or interposed
a defense as required or permitted by the provisions of this policy
the Company may pursue any such litigation to final determination
by a court of competent jurisdiction and expressly reserves the right
in its sole discretion to appeal from any adverse judgment or order
(e) Whenever requested by the Company such insured shall give the
Company all reasonable aid in any such action or proceeding in
effecting settlement securing evidence obtaining witnesses or prose
caning or defending such action or proceeding and the Company
shall reimburse such insured for any expense so incurred
(f) Any action taken by the Company for the defense of the Insured or
to establish the title as insured or both shall not be construed as an
admission of liability and the Company shall not thereby be held to
concede liability or waive any provision of this policy
4 Payment of Loss
(a) No claim shall arise or be maintainable under this policy for liability
voluntarily assumed by the Insured in settling any claim or suit with
out written consent of the Company
fbl All payments under this policy except payments made for costs
attorney fees and expenses shall reduce the amount of the Insur
once pro tanto and the amount of this policy shall be reduced by
any amount the Company may pay under any policy insuring the
validity or priority of any lien excepted to herein or any instrument
hereafter executed by the Insured which is a charge or lien on the
land and the amount so paid shall be deemed a payment to the
Insured under this policy
(c) The Company shall have the option to pay or settle or compromise
for or in the name of the Insured any claim insured against by this
policy and such payment or tender of payment together with all
costs attorney fees and expenses which the Company is obligated
hereunder to pay shall terminate all liability of the Company hereon
der as to such claim Further the payment or tender of payment of
the full amount of this policy by the Company shall terminate all
liability of the Company under this policy
(d) Whenever the Company shall have settled a claim under this policy
all right of subrogation shall vest in the Company unaffected by any
act of the Insured and it shall be subrogated to and be entitled to all
rights and remedies of the Insured against any person or property in
respect to such claim The Insured if requested by the Company
shall transfer to the Company all rights and remedies against any
person or property necessary in order to perfect such right of
subrogation and shall permit the Company to use the name of the
Insured in any transaction or litigation involving such rights or remedies
5 Policy Entire Contract
Any action actions or rights of action that the Insured may have or may bring
against the Company arising out of the status of the title insured hereunder
must be based on the provisions of this policy and all notices required to be
given the Company and any statement ur wntmg faquired to be furnished the
Company shall be addressed to Title USA insurance Corporation 1301 Main
Street Dallas Dallas County Texas 75202
This policy is not transferable
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 may
also write the State Board of Insurance Department (C 11 10
San Jacinto Blvd Austin TX 78786 This notice of com
plaint procedure is for information only and does not become
a part or condition of this policy
SCHEDULE A
Amount $230,887150
GF or File No 33933-21 TJT
Name of Insured The City of Denton
1 The estate or interest in the land insured by this policy is
(fee simple leasehold easement, etc - identify or describe)
2 The land referred ATTACHED to in poIFy FOR LEGAL DESCRIPON
Owner Policy No OP 403976
Date of Policy August 15, 1988
Fee simple
Title USA Insu once Corporation 11301 Main St Dallas Texas 75202
Texas State Boa d f I s to c P omulBeted FormT 1 Owns Policy of Title Ins once - Schedule A 100TX A (Rev 7 80) 3OM687H
Attached to and made a part of Title USA Insurance Corporation Pollcy Binder or Commitment No
ALL that certain lot, tract or parcel of land lying and being situated in the
City and County of Denton, State of Texas, and being part of the Sylvester
Williams Survey, Abst, No 1322, and also being part of a tract of land as
conveyedlto Alfred G Coulter and wife Grace Lena Coulter by deed dated
January ?'2, 1953 and recorded in Volume 383, Page 552 of the Deed Records
of Denton County, Texas, and more particularly described as follows
BEGINNING at the northeast corner of said Coulter tract said point lying at
the east corner of a tract conveyed to the United States of America by deed
dated September 15, 1981 and recorded in Volume 1101, Page 702 deed records
of Denton County, Texas,
THENCE south along the east boundary line of said Coulter east boundary line,
same being the west right-of-way line of a north and south county road known
as McReynolds, a distance of 600 0 feet, more or less, to a point for a
corner,
THENCE west, a distance of 310 feet, more or less, to a point for a corner
in an existing north and south fence,
THENCE south, along and with the general course of said fence a part of the
way passing the end of said fence and continuing a total distance of
1,668 739 feet to a point for a corner, said point lying in the south
boundary line of said Coulter tract and in an east and west road known as
Burger road,
THENCE west, along the south boundary line of said Coulter tract and in said
road a distance of 658 7021 feet the southeast corner of a tract conveyed to
Sheila Sue Yarbrough, et al by deed recorded in Volume 1978, Page 793 of the
Deed Records of Denton County, Texas,
THENCE north along the west boundary line of said Coulter tract a distance of
2,116 77 feet more or leas to the northwest corner of said Coulter tract same
being the southwest corner of said U S A tract for a corner,
THENCE north 81 deg 051 0311 east along the north boundary line of said
Coulter tract, same being the south boundary line of said U S A tract, a
distance of 980 55 feet to the PLACE OF BEGINNING and containing 36 8874
acres, more or less
MISC IN EAT 2OM6HM
SCHEDULE B
Owner Policy No Qf 403976
This policy is subject to the Conditions and Stipulations hereof the terms and conditions of the leases or easements insured
if any shown in Schedule A and to the following matters which are additional exceptions from the coverage of this policy
1 The following restrictive covenants of record itemized below (the company must either insert specific recording data or state
None of Record )
None of ecord
2 Any discrepancies conflicts or shortages in area or boundary lines or any encroachments or any overlapping of Im
provemenls
3 Taxes for the year 19__L8 and subsequent years and subsequent assessments for prior years due to change in land usage
or ownership Not yet due and payable
4 The following lien(s) and all terms provisions and conditions of the instrument(s) creating or evidencing said hen(s)
5 Easement dated May 19, 1941, executed by John R Baughman and wife, Dortha to
Denton County Electric Cooperative, Inc , shown of record in Volume 402, Page
156, Dead Records of Denton County, Texas
6 Right of Way Easement dated April 24, 1953, executed by A G Coulter and
wife, Grace L. Coulter to Denton County Electric Cooperative, Inc , recorded
in Volume 510 Page 69 Deed Records, Denton County, Texas
7 Any portion of the property herein described which falls within the
boundaries of any road or roadway
8 Visible and apparent easements on or across the property
TI LE USA COMPANY OF DENTON
Tommie Thom ff e1 kvF1 gY91"iBl.cer
Title USA Insurance corporation 11301 Main St Dallas Te as 7520E
Te as State Board of Iusumncj Promulgated Form T 1 Owns Policy of Ttle Insurance -Schedule 8 100TX B (Rev 393) 3OM687H
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