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2015-081s:\legal\our documents\ordinances\15\gee option and purchase ordinance.doc ORDINANCE NO. 2� i s-�g 1 AN ORDINANCE AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, ON BEHALF OF THE CITY OF DENTON AS BUYER, TO EXERCISE AN OPTION TO PURCHASE REAL PROPERTY, AND TO PURCHASE 17.27 ACRES, SITUATED 1N THE G. WALKER SURVEY, ABSTRACT NO. 1330, 1N THE CITY OF DENTON, DENTON COUNTY, TEXAS, AND MORE PARTICULARLY DESCRIBED IN EXHIBIT "A" AND LOCATED GENER.ALLY WEST OF I-35E AND NORTH OF WINSTON DR., WHICH IS FOR THE PUBLIC USE OF EXPANSION, CONSTRUCTION, MAINTENANCE, OPER.ATION, AND IMPROVEMENT OF TRANSMISSION AND DISTRIBUTION L1NES, FACILITIES, AND STRUCTURES, INCLUDING SUBSTATIONS, FROM WINSTON 4 DEVELOPMENT, LLC, FOR THE PURCHASE PRICE OF TWO HUNDRED SEVENTY THOUSAND DOLLARS AND NO CENTS ($270,000.00), AND OTHER CONSIDERATION, AS PRESCRIBED 1N THE CONTRACT OF SALE; AUTHORIZING THE EXPENDITURE OF FUNDS; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Council of the City of Denton, a Texas home-rule municipal corporation ("City"), has approved plans for the construction of multiple electric transmission and distribution lines and substation projects ("DME Expansion Projects"); WHEREAS, the DME Expansion Projects serve the public interest of the citizens of the City by continuing to provide reliable electric service through electric utility infrastructure expansion and improvements; WHEREAS, numerous real property interests need to be acquired by the City to construct the DME Expansion Projects; NOW, THEREFORE: THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. The recitations contained in the preamble of this ordinance are incorporated by reference as findings of the City Council. SECTION 2. The City Council further iinds that: a. On January 21, 2015, the City, under the authority of Ordinance 2013-094, entered into an Easement Purchase Agreement with Winston 4 Development, LLC, a Texas limited liability company, for the purchase of, and did purchase, a certain utility easement for $100,000.00. As part of the consideration of the purchase of the easement, the City received an Option to Purchase on 17.27 acres situated in the G. Walker Survey, Abstract No. 1330, in the City of Denton, Denton County, Texas, and more particularly described on Exhibit "A" and located generally west of I-35E and north of Winston Dr. ("Property Interest"), for the public use of expansion, construction, maintenance, operation, and improvement of electric transmission and distribution lines, facilities, and structures, including substations, from Winston 4 Development, LLC, for $270,000.00. Further, the purchase price paid for the easement (which is located within the Property Interest), $100,000.00, would be credited against the purchase price to be paid for the Property Interest, $270,000.00, leaving a balance of $170,000.00 owed by the City for the purchase of the Property Interest. The Easement Purchase Agreement is attached as Exhibit "A" and includes the Option to Purchase (the Property Interest), the Contract of Sale (for the Property Interest) and the legal description of the Property Interest. SECTION 3. The City Manager, or his designee, is (a) authorized to exercise the rights under the Option to Purchase described in Section 2 above to purchase the Property Interest including, but not limited to, (i) executing the Contract of Sale described in Section 2 above, and (ii) delivering the same to the Seller in accordance with the terms of the Option to Purchase; (b) take any other action and execute any other documents necessary for the purchase of the Property Interest as contemplated by the Contract of Sale; and, (c) to make expenditures in accordance with the terms of the Contract of Sale. SECTION 4. It is the intention of the City Council of the City of Denton, Texas, that if any phrase, sentence, section, or paragraph of this ordinance shall be declared unconstitutional or otherwise invalid by final judgment of a court of competent jurisdiction such unconstitutionality or invalidity shall not affect any of the remainder of this ordinance since the same would have been enacted by the City Council without the incorporation of the unconstitutional or invalid phrase, sentence, section or paragraph. SECTION 5. This ordinance shall become effective immediately upon its passage and approval. �'��a�O:F� �"w4N1J ��'i'I�(.)V'1�I� tl�si�� I�� .._�"�� t�r t.�f`.__.��. � �� 4��._� �� l �y � `�� ., � � � k � .___� �f� TS� .... .��..._.... _ m ...�,m.�,� �"i 6 F� I '� „ MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: �'�.�� ..�� .�� APPROVED AS TO LEGAL FORM: ANITA BURGESS, CITY ATTORNEY � �� . �... BY� � �� ,�� . �.......�. EASEMENT PURCHASE AGREEMENT NOTICE YOU, AS OWNER OF THE PROPERTY (AS DEFYNED BELOW), HAVE THE RIGHT TO: (1) DISCUSS ANY OFFER OR AGREEMENT REGARDING THE CITY OF DENTON'S ACQUISITION OF THE PROPERTY WITH OTHERS; OR (2) KEEP THE OFFER OR AGREEMENT CONFIDENTIAL, UNLESS THE OFFER OR AGREEMENT IS SUBJECT TO CHAPTER 552, GOVERNMENT CODE. THIS PURCHASE AGREEMENT (the "Agreement") is dated January ��' „� _, 2015, but effective as of the date provided below, between Winston 4 Development, LLC, a Texas limited liability company, ("Owner") and the City of Denton, Texas ("City"). WITNESSETH: WHEREAS, Winston 4 Development, LLC, is the Owner of a tract of land (the "Land") in the Gideon Walker Survey, Abstract Number 1330, being affected by the public improvement project called the Teasley Lane to Pockrus Road Transmission Reconstruction Project ("Project"); and WHEREAS, City is in need of certain easements in, along, over, u�on, under and across, a portion of the Land, each related to the Project; and WHEREAS, City has requested from Owner and Owner has granted to City a Temporary Possession and Use Agreement for access to the Project through the Owner's property which expires January 26, 2015; WHEREAS, it is desirous of both parties to stipulate and agree to the terms and conditions associated with the purchase of the necessary real property interests for the Project; 1 p y Y ' �",",,.,A�'��p+��I, C . m",++�` ,�,,,�� M" � '` 1�� ` � , , r � � ! 1 � � . �� '� 1 ��1 1 . �� 4 � � � �� . � . r � �.�� - .� � �- - -�► . r� .�� ,. �� . .� , � �. ,-�. - �. � .�� .. � ' �� • � E� w - � . � . � , . „ - . � . + , , -�; .;� ;, �� - � � .��, � , � �� a � . ,;ri w- �� - �.�� . . . . _ . . . r �' �� . . 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I� 1 f" i . � .i � 4 . �` � 1 1 1 M 1 � a �� i 1 4 � i � � 'f �` ! 1 � 1 . `�: i-:1 � f 1'; �. 0 f �t � f (f;'s`° crl ities of enton orint , e ton, ou ty Texas, are icul ly escri e i t e a ac e ac ent . � �� .� � � � � �, � � �t�! .. . . . �� ., . . �� r . r. � 4i i f. � . ' t�i � �I 1 � ` �'; ` � , i,� � 1; f►f . 41 � .'i � , � , � . . � �;� , . � !� i � , i � 1 �, . . � .� 4 I 4 1 i i . E : � .. i � i ' . '� � � � � , ` '�' i . ` � -. � . . . i . . , .�. i , � ` i � �, 1 -f 1 4 1 t!r� 1 i# �' i i! i` f` ri f` 11 � �'' r � i ' 1" �` r� ��` ! i'i1 I i 1�� '1 1:! 1`;Ai . .. , �; _ i � 1 i 4 `� � ` . ' �' ' � � . . , _ i � . . . , t . i � 1 � i 1 * ! i � 1 �i 1 � : � �> . " f � � �,� i . '� i ' � [ 4 . . !''�� ` !� 1 i ' � � i I4 ` 1 �� i � 1 ! f ` 1 j� "+ I �' c! �;; � - ,',' � f� . � . . . �, . . , . . .. r � f 1� 1 / �� 1 ' i �� , �r � 1 �; ' 4 . 'f ' . " y ,1` 1 i,; � � 1 4 � �' � i r 1 f' � 1�` � f �. f', `� 1 � f` . f , . ! : ! ' f ,r i" � I! ,' �, ♦ . . > � � * . I ' . 1 r � �' ` � 1'� , f f i " , . ;� _ ,. r �. � ;� . M f�' r 'i �I i1' 1 � "" + `� i�� - �' � � . � � ��i . , � -� � �� s � . � .; . . . �� - �� . r �� . �� . .. :.� .«- � � � .��- -f• . � � � s�� . . � , � : r M �s -� �� , � � �� rt- �� , -�� . � . . . .. . . , . _ , � �, � r .:^ - , r � . ~ y i w��- � • � i� - �. -��, � r� . � .,� � .� . .. i�.. y . , ' � � + � � � • r; , � ` : � �' - 4 . � .i + . � ,: . ,. ! y . ., . . . M i '. . . } . � ; 1 4 � i . il . ! . � . i S r ,.� M , � .> � ` / �, f' 1�M .�� f f !. .�• r �1 r� J�;, �� , 6. The Closing (herein so called) shall occur in and through the offce of Title Resources ("Title Company"), with said Title Company acting as escrow agent, on or before 5:00 pm on January 26, 2015, unless the Owner and the City mutually agree, in writing, to an earlier or later date ("Closing Date"). In the event the Closing Date, as described above, occurs on a Saturday, Sunday or Denton County holiday, the Closing Date shall be the next resulting business day. 7. The stipulated Total Monetary Compensation amount shall be paid by the City at Closing to the Owner through the Title Company. All other typical, customary and standard closing costs associated with this transaction shall be paid specifically by the City, except for Owner's attorney's fees, if any, which shall be paid by Owner. 8. The date on which this Agreement is executed by the Owner shall be the "Effective Date" of this Agreement. 9. A. In the event Owner shall default in the performance of any covenant or term provided herein, and such default shall be continuing after ten (10) days written notice of default and opportunity to cure, City may exercise any right or remedy available to it by law, contract, equity or otherwise, including without limitation, the remedy of specifc pexformance. B. In the event City shall default in the performance of any covenant or term provided herein, and such default shall be continuing after ten (10) days written notice of default and opportunity to cure, Owner may, as its sole and exclusive remedy, either (i) terminate this Agreement prior to Closing by written notice of such election to City; or (ii) enforce specific performance of this Agreement. 10. THE LAWS OF THE STATE OF TEXAS SHALL C�NTROL AND APPLY TO THIS AGREEMENT FOR ALL PURPOSES. THIS AGREEMENT TS PERFORMABLE IN DENTON COUNTY, TEXAS. VENUE FOR ANY ACTION ARISING HEREUNDER SHALL LIE SOLELY IN THE COURTS OF COMPETENT JURISDICTION OF DENTON COUNTY, TEXAS. 4 �";'�,��/��i'f"'� f .i 1. �. 4 �� 1"' 1 4; � i �� 1 � !�� i� . # 1 � .. . � �,, " � 1 1,� * 1 � " . `��' ' . 1 ' �I � . . � �� . . � � . i 4 � 11 � f` � , 4 �� '♦ ' ri . . `� ` . f � � f `" i 4, � �� . . � y ... . 1' II � �� i1 � f 1 i1'; � f• 1 �♦ . 1 f 1 i .' 1 M f 1 ,; . � � ` �i ` �f`� �,'�� + # .� . " �`... 1 � ' ' �,- '�. i �"� � :'�:� f S�i i ` �; ., ' �� 1 F ` ` 1 1 , , ' . 1 � ` ' � � 1 � ,' ' � ., . . . � . � � _ �'�, . . � ii . �. #.. .� �. . . � � . . .# li ' -�; ` ! 4 � :; ` 1.; ` i 4�" f"� . if 1 • . • • �i � • .. • • 1 �i • „ f � . ` .�. 4 1 �; 1 ' f + •, 1 � ,'. i 1 � .� `!� .i `1 f 1 `1 `u 1 '�� li; '1� ` `�, Ii .f^' i `iM M .i:l ` '1 . 1� 1 4 � � ` " I f � i , � '� { 1 `, , �� ; � ' ' �� 1 �! ' � �� I �i . M�� "'� �".I` Ii , i 1!i , , #r y �� .." 4 „ � � .� � � ��. ~ ��; ��,�� r �,+ � �; �-� ; . � � � � �• � r 1 ` 1�� ►��,� i � � � `,1 fl�� r.�c:;,r 13. This Agreement constitutes the sole and only agreement of the parties and supersedes any prior understandings or written or oral agreements between the parties with respect to the subject matter of this Agreement. Time is of the essence with respect to this Agreement. 14. The representations, warranties, agreements and covenants contained herein shall survive the Closing and shall not merge with the Easements. 15. In the event prior to the Closing Date, condemnation or eminent domain proceedings are threatened or initiated by any entity or party other than the City, or parties involved in or related to the Project, that might result in the taking of any portion of the Property, City may, at its election, terminate this Agreement at any time prior to Closing. 16. Buyer, at the time of the execution of this Agreement, has forfeited its right to do business in the State of Texas. Buyer represents and covenants that Stewart D. Gee and Stacy L. Gee are the sole and only members of the Winston 4 Development, LLC. Seller, at the time of the execution of this Agreement materially relies upon this representation and covenant. This representation and covenant shall survive closing. CITY OF DENTON, "� �� x� � � . � �� ° �� °�� BY��m �� ."� ��,v�„_ ��.� ._uW...�..�°�.m.-m�.��,.- �� . GEORGE C. CAMPBELL, CITY MANAGER � �� _ �,.�._��' -�� ........ , 201 S Date: �m �. ��___ _ ... f ATTEST: JENNIFER WALTERS, 'I"�"1J SECRETARY ��F B� � �' �� e. �a Y•._..� ..��^�:��.�� , ��m�..,��..��.M��.��,��.��,.�. Date. �, � '� „ G:��"�., � , 2015 �. �,,�. _ � ....�� _..�..�.��.M APPROVED AS TO LEGAL FORM: r� ,��^��" �,�.r,:°;� ANITA BURGESS, �'�"I� '��"�'�)��+i�� ,�' , � �. B ° � µ Y' . .�_� ...� __ � �.„� .. � ee�e.._..m.... ................. �.�_.�. � a�. , 2015 Date: � m _ _ .. °,°;��"�;��,�� OWNER: WINSTON 4 DEVELOPMENT, LLC, a Texas limited liability company �� ....� � � � ��.�� B�� t��r�a�.,�D. Gee as� m��wm...... � " � ° � both �Managing Member and Individually as One of Two Members of Winston 4 Development, LLC Date / _�' �- _ --�____...._ . �.._.._....__�_ � 2015 .�'�` �., � �'"�:��,w. gy. � „�"�:� � � ....��.....�� .. ...�._..�.�..�� _�.._� ..�.. ......�._.. Stacy L. Gee as both Managing Member and Individually as One of Two Members of Winston 4 Development, LLC 1� Date: ~ _ � 2015 8 �r°=, ,�„;1� d ��' Date: Seller: Seller's Address: Buyer: uyer's Address: � 1 1 � r � inston 4 Development, LLC, a Texas Iimited liability comp y 1120 Claire St., Lan a, Texas 76226 City of benton, Texas, a Texas home-rule municipal co oration 2l5 E. cKi ey St., enton, Texas 76201 I' �� 1 � - � . � : ., �_ � � • ,: 1 , '� - �,•� s - - � � s r 1' � �- � . � � �• � � . w • . .: �• �•r "� r ., � • 1 ,- ' •* , � � - . � t i 1 1' 11 1 11 � - , • : � � : � '- � �� , � : -r . _ � ��- 1 � � �� • C��, Title Company: Title Resources Title Co pany's Address: 525 S. Loop 288, Suite 125 enton, Texas 76205 r �• . . � - �• � -• . . ,;. • : - - - - . � . � .• - ►� � � �r - ' f � - � � 1 � � � ♦ S ' •� � � �r � - �• • r� .�� -� � - . . . - •� •� � �. . . .�� : . - - •: �� . � . . . � � � � !. - � �. � , : + -r � . . . . . ,, ��, . - � °. � � � .:,` . �' � � !� � : - ��;- � . _ . - •� � r ' � � � !, _ . � .�� : - �� . � • � - ��,�• _� .�• • ' �• : �. � � ��- � r �^ � _ � - ... ,�'- - -. - � � .• .- r , . : I'� �i ! � � � Optionor/Seller: Winston 4 Development, LLC, a Texas limited liability company ��w � � � . .,�. ,. � T_ �� ,�.��.��wW_ � .,..�.� �� .�� .�"�^��°� D. Gee, Managing Member OpNoneeBuyer. � of �� Texas „� ' � m �"� � �� .� �� Cam� bell Ci ��Mana�er �� .��,. � .. �� ,�� P , t3' g _-__._ __...�_mm� Acknowledsments State of Texas § Denton County § This instrument was acknowledged before me on w,��M��°��,,��'" IT._m� �� `�,,,,,,,,�,,�,�,,,. , 2015, by Stewart D. Gee, managing member of Winston 4�,��x��.��"� a Texas limited liability company, on behalf of said limited liability company. wrirxea �� du�d� �M� „�,� � NICOLE NAKAYAH COSTAN2A �b �" �� Notary Publlc, 5tate of Texas � ,� My Commisslon Explres „,' ,;"'� November O1, 2017 w., , fla�i�aµ� ''�' ..._«..�.C...,.M....,.��...��.��..„��....�..,,�,�_ State of Texas § Denton Couuty § �,;: w� y �` , 1!� � �' � �' �' .: �""� . � �� ,"" W_��..�,�_�..�..�.�.�.�—.... N�a��•� l�t.r�� w. �il�� "�� This instrument was acknowled ed before me on �� m g ��d ��_ °� �� ,..�.. � 201 S, �..� _ �.�. by George Campbell, City Manager of the City of Denton, �"��, a�"�� µu'��:�� municipal corporation, on behalf of the City of Denton, Texas. �'" �`'"°"'"`° NICOLE NAKAYAH C�STAN�A µwq��}M1iY E � �`" �� Notary Publlc, STate oi Texas "� d r� My Commisslon Explres '��",�� ,�p ��;��" November O1, 2017 +r��wera��,—�„w'�ti After recording, return to: City of Denton - Real Estate Division 901 A Texas St. Denton, Texas 76210 � � � d� �. �� . ,�� ,.� .::...,� � �..� ��!��. � � �� '� � .�. Notary ��l��c,� �t��,+� of Texas �� Page 2 af 2— Option to Purchase �� i. �; � � �� , w, � �� r • - � : . . . _ � _ : :� ; .-� . . ,. . � �> : � • • , �.� � �. - ' � � : f � !- r', � � �s � • s �- r e: a '.' .� ._. . .. . +�i , � �;a. �•� ,�,�, : �•:[ • ^:'.r � �.. . �� .. ... . 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' !'� ♦ ��: � .. �...i'. �� "' 1 � ARTICLE III TITLE AND SURVEY 3.01 Title Commitment. (a) No later than 5:00 pm on March 11, 2015, Seller shall cause to be furnished to Buyer a current Commitment for Title Insurance (the "Title Commitment") for the Property, issued by Title Company. The Title Commitment shall set forth the state of title to the Property, including a list of liens, mortgages, security interests, encumbrances, pledges, assignments, claims, charges, leases (surface, space, mineral, or otherwise), conditions, restrictions, options, severed mineral or royalty interests, conditional sales contracts, rights of first refusal, restrictive covenants, exceptions, easennents (temporary or permanent), rights-of-way, encroachments, or any other outstanding claims, interests, estates or equities of any nature (each of which are referred to as an "Exception"). (b) Along with the Title Commitment, Seller shall also cause to be delivered to Buyer, at Buyer's sole cost and expense, true and correct copies of all instruments that create or evidence Exceptions (the "Exception Documents"), including those described in the Title Commitment as exceptions to which the conveyance will be subject and/or which are required to be released or cured at or prior to Closing. 3.02 Survey. No later than 5:00 pm on Mazch 16, 2015, Buyer shall cause to be prepared at Buyer's expense, a current on the ground survey of the Property (the "Survey"). The contents of the Survey shall be prepared by a surveyor selected by Buyer and shall include the matters prescribed by Buyer, which may include but not be limited to, a depiction of the location of all roads, streets, easements and rights of way, both on and adjoining the Property, water courses, 100 year flood plain, fences and improvements and structures of any kind. The Survey shall describe the size of the Property, in acres, and contain a metes and bounds description thereof. Seller shall furnish or cause to be furnished any affidavits, certificates, assurances, and/or resolutions as required by the Title Company in order to amend the survey exception as required by Section 3.05 below. The description of the Property as set forth in the Survey, at the Buyer's election, shall be used to describe the Property in the deed to convey the Property to Buyer and shall be the description set forth in the Title Policy. 3.03 Review of Title Commitment, Survey and Exception Documents. Buyer shall have a period of five (5) calendar days (the "Title Review Period") commencing with the day Buyer receives the last of the Title Commitment, the Survey, and the Exception Documents, in which to give written notice to Seller, specifying Buyer's objections to one or more of the items ("Objections"), if any. All items set forth in the Schedule C of the Title Commitment, and all other items set forth in the Title Commitment which are required to be released or otherwise satisiied at or prior to Closing, shall be deemed to be Objections without any action by Buyer. 3.04 Seller's Obligation to Cure; Buyer's Right to Terminate. The Seller shall, Contract of Sale Page 3 of 16 � .. # i 1'�. . � '.� � � • 1��', • � � � • �... " , . � � . 1 ! ' f 1 � • . 1 i � � w w ! !; ' !• • • . . . : r • � . �' - , ; . �, _ � , � , + '+� � +� �;• +a -� � w - #* • � .� •� � - .-- � • . -� � � :�. • ' �+. � . �� _ �,, , , _ � �� - �� . �� . � � • � .: • •• � s r� �� -� ++ - � �� - �+. w. � �• �� : �R ��, � (a) waiving the unsatisfied Objections by, and only by, notice in writing to Seller prior to Closing, in which event those bjections shall become Pe itted Exceptions, or (b) terrninating this Contract by notice in writing prior to Closin� and receiving back the Ea est oney, in w'ch latter event Seller and uyer shall hsve no rther obligations, one to the other, with respect to the subject matter of this Contract. 3.05 Title olicy. At Closing, Seller, at uyer's sole cost and expense, shall cause a �st dard Texas O er's Policy of Title Insur ce ("Title Policy") to be furnished to uyer. The Title Policy shall be issu by the Title Comp y, in the amount of the Purchase Price and insuring that uyer has indefeasible fee simple title to the Property, subject only to the Per itted Exceptions. The Title Policy may contain only the e itted Exceptions and shall contain no other exceptions to title, with the st dard printed or co mon exceptions a ended or deleted as follows: (a) s ey exception must be ended if required by uyer to read "shartages in area" only (although Schedule C of e Title Cominitment may condition amendment on the presentation of acceptable survey and pay ent, to be bome solely by uyer, af any required additional pre ium); () no exception will be per itted far "visible and apparent easements°' or words to that effect (although reference may be made to any speci�ic easement or use shawn on the Survey, if a Pe itted Exception); (c) no exception will be pe itted for "rights ofparties in possession"; (d) no liens will be sho on Sc ule . Notwithstanding the enumeration of the following exceptions, amendments and/or deletions, uyer may object to any Exception it deems rnaterial, in its sole discretion.. Con....._,_......,..,.__ �.._ �,��__._.._�.........._�...� ....................�_..n.......�...__. ..�.....�..............�_._ �. �..u......�...�..e..�.._...�� _.w.m � _—..�_._.. �..�.....��.�......� tract of Sale Page 4 of 16 �� ^�� ` :.'.� ' � �' i. � • � �'; , I ►. , �. �i. � - w, , � � • � . � . � , _ r� � � : �� ..� � : . +' �u : • • �' .� • � � � � • .- �� ►. � � r � il � � 1 � ��r .. . ,. �� , .• w - _ . • � . - ±; � . �„ �- � � _ . �!. , � .. �.. _ . , � +- .� • � + r • '� • � • �' � � �- � ♦ . •: � �; � � •- � -� . : ♦'- • . ,, � ' ��' ,� - � : . � �� - � . , . ,�' - ., � : � � • , -- , • - � . 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' � • ' �� ' � `. 1: 1 " ' � 1 � � � f� � � ". 1 ' R �� ' # � ! � ' � ��. ' 1 � .:. A . . �� . M ! ",� ;. � �,, . .:� ' ' �'. i '. � c * • .' ' . . 1 � i. �. ' . .,, ! ! ' _ ..: � � � . .. . � • �'[ � e; i � ,� i • . . !� y� ',• . . �., � � w :;. ' '' � � m��° � R� � i � .: :` 1 i ♦ � � # R ��:.... - � . :. � �., �,. � �' � + ! "1 1 i .! M , � f , ! ' 1',.. w ! �:' . � .....:1 � � . , M f !� : � ! ' 1�. � � ; �. ... � ' � �1" ;rr"' t'", �;' f 4' i c � �I I ��-�. * ; 1 � i �- 1 1 - 4 � � i �" � 1 ��: � !��- � �i` M ', 1 � !'� ��• 4, �� '.: � � � � .;.. � ' ! f'. ! � . � � ., � ,, � �:. � � � � " . ! ! • � ' i f f 1'�. � � ! . �: 1'i � ' � w � ;' � .�.' 1� �:.- � ! f ., . � 1��,..... ' � ,:" F 1 ' � �.`. � " 1 ! 1 � 1 1' ! ! i i 1�' � ... 1�: • � . ., � .:: ! !+ . ^' # � . , . . �:. � � . . . ... :. ' .�: -.. f � �. ' . � '� :� ' 1 I �� . ' � ri . ! . .., � : i i :� :: � ^ ^ ` . � :+" 1 - ! wi ' � . .� � � !; ♦ ' .: � � . �� ;. • ,• . _ � �. . ,_ ' 1 .; � � f ' � � 5 � . .. � _ � . ... �. � ., ... ♦ • � � ' 1 � 1 � • ! ' ;. ! '� � " �- ! ' # f ; ' �i � ' i �1 ♦ . 1': ' i.. ' � � ;... a 1 1 1 ��.. w ! I � - �` � � �'. � � ' i � �' . . . �. # '.: � ! . . . ' ': . . ;:' � ' .� e .�:. 1 • ;. � f ��::.. � �'�.. : ' �. + " 1 ....,. . . - :;. . . ..:. � . 1 f ii f � 1 , � �i � f �:. i ,.. � � . � '� � , .. �I ' ' # �... � �' . � ` .: M � ! 1 � ��' �'�. 1 ^� • '' � ` 1�, • � �.� � ' i � . ♦ ! i � � � 1 ! � � � .....� . i .. ,. �::'� ', �. `#-�-.'.', . s " ! .........! � 1 '+ ;.f �:.f ! � ��,.. .�;� • �; � � ! 1 ! � li 1� � . 1! ' • . �' � r ! , 1 . � � ' ' _ � '' �� w �- � . � ,� � �+l, -� �� , .r - �.� � � �� - �� - � ' �, � : � . �; � 4 ! R�� # � f. � � I +.� , � ' � �-� � � � � ►,1 ' '� 1 �~ � � � ; � � "+ . 1 � - � w ! .; •� �;� � -� � , � ; �•r � i r .. �., � ��: �� a ��,.� (k) All Leases, as defined in Article V, Section 5.02(a), shall have expired or otherwise terminated and any and all tenants or parties occupying the Property pursuant to the Leases shall have permanently abandoned and vacated the Property on or before the date of Closing. (I) The Seller is not a"foreign person" as defined in Section 1445 of the Inter�nal Revenue Code of 1986, as amended. 5.02 Covenants and Agreements of Seller. Seller covenants and agrees with Buyer as follows: (a) Unless stated otherwise, within ten (10) calendar days after the Effective Date, Seller, at Seller's sole cost and expense, shall deliver to Buyer, with respect to the Property, true, correct, and complete copies of the following: (i) All lease agreements and/or occupancy agreements and/or licenses of any kind or nature (if oral, Seller shall provide to Buyer in writing all material terms thereo� relating to the possession of the Property, or any pari thereof, including any and all modifications, supplements, and amendments t (the "Leases"). (ii) All environmental audits, soil tests and engineering and feasibility reports, including any and all modifications, supplements and amendments t, with respect to the Property that Seller possesses or has the right to receive. (b) From the Effective Date until the date of Closing or earlier termination of this Contract, Seller shall: (i) Not enter into any written or oral contract, lease, easement or right of way agreement, conveyance or any other agreement of any kind with respect to, or affecting, the Property that will not be fully performed on or before the Closing or would be binding on Buyer or the Property after the date of Closing. (ii) Advise the Buyer pxomptly of any litigation, arbitration, or adnninistrative hearing concerning or affecting the Property. (iii) Not take, or omit to take, any action that would result in a violation of the representations, warranties, covenants, and agreements of Seller. (iv) Not sell, assign, lease or convey any right, title or interest whatsoever in or to the Properiy, or create, grant or permit to be attached or perfected, any lien, encumbrance, or charge thereon. (c) Seller shall indemnify and hold Buyer harmless, to the extent permitted by law, fronn all loss, liability, and expense, including, without limitation, reasonable Contract of Sale Page 7 af 16 a ��,� ��"� r + ��' '� i R r � s � .f��,� � ,�, � �� ' �;�' �- .;� E�� ,� 2 ��* � -� � � � � � � ; s r � � � M � • . �� w + ; * • � � ` � � - � A, , � � � . � �� ,; �� - � ,� . , -� - � � * ; � �t � �� . .. �• �- �- �-`� �� ►;-� i � f .� 1 ! i 1 „ 1 � � . �. r I; '. � , �. � �, . �� : � : '� +�� r. -� �� ' � � ��-�� • r� ��- • a; -i �` �� . � � � �� M � ' r' �� `� 'w� � �� ' ,�� w :; .• , .� � i�� r�� w � -w �-�� - �- � � � � ��; . ��'�� f I ; 1 i-',. - , � " f �# ( ' ;.� ' f 1 � �;: 1 1 ' .: � 1 ��: !' E f L� 1 � i f � I 1 1 � � i ! �� ,,�. .w! 1 f' � y' � � -� � ',, ';.� ,r fi �T . # 1 `1 ♦ '1' 1 � • }^'^ f' � � -��, .��♦ .f!` �1 � h �+ "' `� �' i� ". 1. 1 i: I.i.:.. 1 � ;,. ' 1 � •. � � t� � � r . i' ! 1� � 1 ' i'� # f i ' � ! ; � !! � f � � ��' ►" � �' '1 �! �i i 1 f ! ,... • ! " w 1 i 1 f • � . � ,: �. �.; ` � • ��' • i � � 1 �'�' #� i1 . ' ! ! " ' �.;� r1 ,�. `+...... • 1 � � ��.: � ' � 1 f :� ! i ! � � " � ! � �:` M 1 ' � • �' 1 1 f- � � � �" � �. "� r ' � � i " �.e 1 ' f� � � i ::. ! � •' • 1 � i ' � �� I'� . ' 1 �� 4 f � k � , � � � � . � �' � �' 1 r, • � ... � � � ' f i �. .� . i�. ��. M � # :�, • .r 1 i: � 1 # • �' - 1 - � f ' i'� � i �,. . i � � . �. 1 � � � ♦ ,,� . � �.,� � �. � .: � _ . ... . r . � .'�. � � '.. ♦ � � ' ;, � � • ' 4� '# ..;� ! ! 1 " ��1` i �n� i � f 1 1 �"� '1' 1 i 'I f ';t � -� � 1 ��'.. � r i � ' - � - �' � ' ! - � 1. . '"��. � i �. " ' • i .�, . � # ' � :i 1 + 1 � _ f � have not been satisfied by Seller or waived by the Buyer, the Buyer may, by giving written notice to Seller, terminate this Contract. On Buyer's termination, the Earnest Money shall be immediately returned to Buyer by the Title Company. The Seller shall, on written request from Buyer, promptly issue the instructions necessary to instruct the Title Company to return to Buyer the Earnest Money and, thereafter, except as otherwise provided in this Contract, Buyer and Seller shall have no further obligations under this Contract, one to the other. ARTICLE VII CLOSING 7.01 Date and Place of Closing. The Closing shall take place in the offices of the Title Company and shall be accomplished through an escrow to be established with the Title Company, as escrowee. The Closing Date shall be on or before 5:00 p.m. on March 31, 2015, unless otherwise muivally agreed upon by Buyer and Seller. '1.02 Items to be Delivered at the Closing. (a) Seller. At the Closing, Seller shall deliver or cause to be delivered to Buyer or the Title Company, at the expense of the party designated, the following items: (i) The Title Policy, in the form specified in Article III, Section 3.05; (ii) The Special Warranty Deed, subject only to the Permitted Exceptions, if any, duly executed by Seller and acknowledged; (iii) Evidence of Seller's authority to close this transaction; and (iv) Other items reasonably requested by the Title Company as administrative requirements for consummating the Closing. (b) Bu er. At the Closing, Buyer shall deliver to Seller or the Title Company, the following items: (i) The sum required by Article II, Section 2.O1, less the Earnest Money and interest earned thereon, in the form of a check or cashier's check or other immediately available funds; (ii) Other items reasonably requested by the Title Conlpany as administrative requirements for consumnnating the Clasing. 7.03 Adjustments at Closing. Notwithstanding anything to the contrary contained in this Contract and without limiting the general application of the provisions of Section 5.03, above, the provisions of this Article VII, Section 7.03 shall survive the Closing. Ad valorem taxes relating to the Property for the calendar year in which the Closing shall occur shall be prorated between Seller and Buyer as of the Closing Date. If the actual Contract of Sa Page 9 of l6 ��7 � ��` V . 1 .... 1 r�. ` � �:. �� - � ......... ' � : . .., . � ' y.: � ..... : 1 :1 � ,.. , *.., .. ' ! 1 � � � ' � � ' ! � ;. . 1 : '�.. ! ,., � . i 1 " � . :: - ! � ' . � ! ��.. . ' . ! ' . #; li : !� • �•; ! � •Il' � • '1 i � i. �' 1! !. l � '} .��. � 1�;' ��: 1. � � • �` � i .� 1 ! � 1", f, f�', ai f. �'�� l��: �..... .! ' A ��'.' •l �7'i ' 1 f i � ! �. . � i � .r � '� ! • '� !', � 1:� '. # ' .#; ; ��' 1 .�: l Y;*- � � # " � � *' 1 1:.. .� ` �: - �';:'. � � � � i ! , �, � '� � � 1 . ► 4; �„ w 1 il � * � � �", �! f 1�" � R�1 I� � � If!^ �`�� 1' '� ! w . . . • . .'1 �' � '- 1 1 . 1 " r •. ' !� 1'�' � �t. �� ' "�� "' � # - w � . ' f ' � : '. � � w � * ♦ ::... � '1 1 . ' 1'�. � ! :.�5 i�'�. `� �' '. �f ,..� . {i� !. �, -' ..,R �...;1 ' i'1 ' �,'�. ` ',�! � ��. � �i � r � _ �� l . �' � � ` ' � � � �R I 1� , � " �� , i • .� � ,;; • - �., , �. � � , � , . � , - . � # ` # 1 ^ � 1 � �� ' ` � :- � � ' � ! � � 7 ' 1 i +�� .'�.; - ' y:.. # ,,.. - *.... f • ,�. ► ! ,., � - ! - � � � r. � � � f' '1' • #1 �. t w 1* '� "� i 1 ` ' I "' / ! ,. 1 ;:�. 1 f' � :::, . 1'�..�. .� :. 1 �'.� #; � � ... ' i • � �:. � �,. ...,! .: i � � • ( + ! � ,s " �� # � � ` `'�#. � ��' f � v i � i � ,� , 1 i • �,. ! ' 1 � �� ... ' . . � �',. " 1 .... - � ' . , �', � .R � ' !': � � 1 M . �..' ! , �. ! � �, . ,. . '. :.� r �.: • • ,� � ., �. „-:'� � ' . .,.. " ..i f :" ' � � • �� ' 1 � �� ♦... .� ti !:: i �• �' A �i 1 � 1 � . .' 11 .. ... . : ....... � �'�... . .: . ;:.. � ♦..�:� � ' 1. i •,. i �� " . .,) ' ! �:1 � . � . ; .:.. � �:. - -� � !�, - ,. . • � �.' i.. i -... ! . ..., � A'. - - �i , _ ... ' ► � �' M 1 / i `� " ' � M � - - - �� , � ., . . " ' �,i - F'" � : � .. �� 1 ' 1 .' y ... ► . � ' � � ''�. � � ' -� � . ��, . '��. ! - ' - 1 �` i _ .., ��. . ; � . �.:. + ' !';. - A � �: �:. " �'� 1 1'�. 1 1 �: ! � ' 1 F...... � . � .; , , �., , - �., . .: �. '. �. : �'.. ... ' - �. + .: �.. . � � . , . . � �;:. , ��.. '��. . 1 ' . f� i '� � , •��'��.� / . ' 1 ! �.� 1��:� � i �; i �' 1 �" ' 1 ��.. i .: . ' .'. i j .... � .: . �' , ... .. � ..... '.: , . ..... � �'.. # ! ' ' ... � . ... . � . �. . � 1 .... i ��1 � � �. �'�. . f'; .'.. . ��:• . � ��.f " :��..: . 1 c-' : l�� ' -„ • •.'. ....:1 , '... � • : �.� i � F' i � 1 '! i 1 �'! i ' � �' ► . . � �, � i �.: 1 ' ��. - � � ' :�.. � ' . . . - *...,. . � • 1 ' � �:. �' . : .�: . . � � " �� l f f: 1 ' . .... � ' �` �:� ! �.��. �, .. . . ! � � . 1 ^ �' ' .1 • i ' _ . - - - ' , �' - .� � . - � - � . � • . '!' i ! � ':.l l..., ,� +1 '� A' , � ��1 � � '� � � :;. !`� '�. '�. � ! " ! ��. ' + .`. f' ;' � �. ;. _ � .�.. .. .� , . � ...... �: � , ! , ' I � ',, 1 . � ' � • � • , � :; '� ' :,' � � ' � � � ' � '� . . ,, �. �. � �- ' -# ' ' , � ' � 1 ,�'1 �, ' - ! ':�:, � ��:� - ^ � . ! , i� '.. • .�'��. 1 1 • ; .. . � ..� � - � ' �. ' ,, �:. . ��. . ) �.`: 1 ' " ' � � 1'��" � ' �' ' • ':! 1 .: . ': � � � �:� � �:: . -� 1 . ' /�'� 1 w ' 1:: ! �� ' � �''�. '•��:� ♦ i:. 1�' i F�'. �:. 1 1' �,1 ��: •. -� � -! . 1��' -# ��.w .^� � -f'. - -�'�' '1 '1 �! i �' �� '1� II : � � '� � ! ..�. ��: . •: ��. •�. . r' Contract of Sale Psge 1 t of 16 �� Winston 4 Development, LLC 1120 Claire St. Lantana, Texas 76226 Phone: __.....�� ............._..........._..� TelecoPY� ._..��_..��_.�_.�..�_._... Copies to: or Seller: Fax City of Denton Paul Williamson Real Estate and Capital Support 901-A Texas Street Denton, Texas 76209 Telecopy: (940) 349-8951 For Buyer: Lan•y Collister, Deputy City Attorney City of Denton — Legal Department 215 E. McKinney St. Denton, Texas 76201 Fax: (940) 382-7923 9.02 Governing Law and Venue. This Contract is being executed and delivered and is intended to be performed in the State of Texas, the laws of Texas governing the validity, construction, enforcement and interpretation of this Contract. THIS CONTRACT IS PERFORMABLE IN, AND THE EXCLUSIVE VENUE IS, IN DENTON COUNTY, TEXAS. 9.03 Entirety and Amendments. This Contract embodies the entire agreement between the parties and supersedes all prior agreements and understandings, if any, related to the Property, a�id may be amended or supplemented only in writing executed by the party against whom enforcement is sought. 9.04 Parties Bound. This Contract is binding upon and inures to the benefit of Seller and Buyer, and their respective successors and assigns. If requested by Buyer, Seller agrees to execute, acknowledge and record a nnemorandum of this Contract in the Real Property Records of Denton County, Texas, imparting notice of this Contract to the public. 9.05 Risk of Loss. If any damage or destruction to the Property shall occur prior to Closing, or if any condennnation or any eminent domain proceedings are threatened or initiated by an entity or party other than Buyer that might result in the taking of any portion of the Property, Buyer may, at Buyer's option, do any of the following: (a) Terminate this Contract and withdraw from this transaction without cost, obligation or liability, in which case the Earnest Money shall be itnmediately returned to Buyer; or (b) Consummate this Cantract, in which case Buyer, with respect to the Property, ContractofSa.��.�.�_�___�—_�� .._..�....m�...w. ...�� m...... � �_......a_ ...�,..�__.—�... ...... le Page 12 of 16 �� '�,Q i I M` ' `1 il '., ' ' "��.`r '! � 13 "e.�' � 1!�' i. � i�: li�i '� �- 1 � ��f 1 1 '� �. �'� f � 1 1 I' ` : - 1 1'� ` ' ` �i � i . �.. `} 1 � ' " �M i i �- f" 1 li 1 k � � 1.� •� • f� 1 . . 1 .. �� 1 ' • • ! 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M�i � - 1 1 � +' i ' f ' � �3 f • - . f 1 ' 1 1 4 � ( � 1 u f� I 1 (� .� -fi 1" s �- f • • ;^ 1 ! i ' Ii;� �� ' � ,�' - -�. .� . �i . . -� w � : .,.. � �� s •+'� . �i .�• 's �: ., � � :: � .� . �� - " f�° !� i � i � � � � ��- r- � : �- � � • � � :� r � . �; . _ �,- .,, .:w f :; � !� , � � � . � !' � �. ' � ' � � : � �;- • � I� � ;; , � �� • . �� - . . •� - . .� � , �• � n � �. ,. . �� . � � • � : , - , �� .� •- - .��: �� ; - ,� � , . 4�� r � -��. A i „ ��1, -�� • ? �: " ♦ . 4: � � �, � � � . ,;�� - -f '1. �•� 1- '� lf' �f ��, i i !�..�� i �+ �1r �i� 1` 4i � i#. r. ' � �' r: ` 1I ' i;, ' 1 �" � ' ' r ' 5,�� ' i . •., . .�. I � � ..'.. � � � f ..,,.. .::. 1 . ...� �� 1 ! r, i f SELLER: WINSTON 4 DEVELOPMENT, LLC, a Texas limited liability company µ�.,�M, ... ..w� � ° ._w � � � �� ,�.�� .�... _��._�. .._ ... _._ _�_.._�. w ART D. ��;, ��z�i��„ Member � .� Executed by Seller on the �'"" ��" day of � ��` , 2015. BUYER: .,�� ,,� � �� ..�� . � B �� 4:��' CAMPBELL, �"1 �� MANAGER Y' � � ° �� Executed b Bu er on the ��' m, ��. day of � ___.��..��.��w...�„�,�_. Y Y d� � ��.._W..� � ��_ � ATTEST: JENNIFER WALTERS, CITY SECRETARY � BY: ��.�.� . � . mm:�� m. �� ^� ��. APPROVED AS ":t°� LEGAL FORM: ANTTA BURGESS, CITY ATTORNEY BY: Contract of Sale Aage 14 of 16 � ! 1 " ' +1 ��. 1 � `«; -t; � , � . � Fi� 1 � 1 � �'� � �� ➢ n�s �r�s�u�.�a��a��r��w^�v��r�+��r��a�.�� n�� r �� an+a�,�rq�+.�auan �� wro� rw�awc�an�r��u��a�,rw�r�wru�r � �w� �as�r�r�bwia�re�'�a�+, � t l� aw�a�cov��srrna� �r �d<rW7 II�, � � ��bw„ rN�ad�� p+Jc�a+'�4�r�� M +Gwi�11;��' �k�iN��, i�b padd�.�e Y�a^rt�+r�.0 �hti,�d�+rG� a�� ra� �r�arro�wa�r �u��r��wu�w�rm�� M�ra��kmr�am+�a�r r t��a°�sr;��r sr�w�a� M�Gtl4�.. 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' • 1 ; •! . f � 1 1 I }, .:� ' . �., * �� F ! . . . �; 1 �!1 'i: � i ! � r � , ��:il : Mi� , , �'Ir;4; 1� ► .� � 1 , 1 ��'� � 0 P�"„A,..c e .��,� �� • � BEING a 1.174 acre tracl �� 6��c� �'d�u,N��:a� `rrr GCr�� 'dr��rN '�a�Nk��r ��r�yu Abstract No. 1330 and the M.EP. & P. Railroad Company Survey, .�bwr�rr��l W��a� '�"��1. �i�ic:w �+� ��rrt�a�w �r��i �`��r�rr�6't„ Denton Counly, Texas, and being part of a called 21.65 acre tract of I�� t��;d�d1��9 �� V�� ca'�Vp��C��r'� � L��r��r�ment, LLC, as recorded in Document Na. 2013-121526 of the Fteal �''��r��a��.y I��c��r�i�� r# C�a��r� 4;.�r�w�zt�„ "�a�x�� °�nd being more parlicularfy described as foflows: CQMMENCIMG et a 112 inch Iron rad found for corner in the Souih line of �nston Drlve, a 60° wide rlght-of-way per the Pfat of Wimbleton Vllage Phase f. as recorded in Cabinet C, Page 31 of the Plat Records of Denton County, Texas, sald point being an lnterior corner of the above cited ,�1.65 acre tract, TH�NCE North 77°19'44" East atong lhe South line of said Winston Drive right-of-way, for a distance of 163.05 feet to a point for corner at ihe Southeast corner of said Winston Drive right-oi-way; 7FiENCE Narth 12°40'22" West along the East line of said Winston Drlve right-ot-way, for a distance of 19.78 feet to a point for comer at the POINT OF B�GINNING for the herein descrlbed easemenla THENCE Norih 12°40'22" West continuing along the East line of said Winston Drive right-of-way, passing the Norlheast carner of same at distance of 40.22 feet, and continuing for a total distance of 50.29 feet to a polnt for corner; THENCE North 66°43'51°' Eest for a distance of 24.34 feet to a point ior corner at the beginning of a curve ta the right; THENCE in an Easterly directfon, along said curve to the right hav►ng a centraf angle of 36°11'07", a radius of 377,56 feet, a chord bearing of North 84°49"25°' East, a chord dislance of 234.50 feet and an arc length of 238.45 feet to a point for corner; THENCE South 77°05'02°° East for a distance oi 71.04 feet to a point for corner ai the beginning ot a curve to the right; THENCE In a Southeasterly direction, along said curve to the right having a central angle of 26°09'19°', a radius of 375.06 feet, a chord bearing of South 64'00'23�� East, a chord drslance of 169.73 feet and an arc length of 171.21 feet to a point for corner; THENCE 5outh 5d°55°43" Esst for a dislance of 183.30 teet to a poinl tor corner at ihe beginning of a curve to the left; 7HENCE in a Southeasterly direction, along said curve to the left having a central angle of 43°48'A2'°, a radius of 115.02 feet, a chord bearing of Soulh i2°50'04'° East, a chord distance of 85.82 feet and an arc fengih of 87.95 ieet to a polnt for corner; "�"8'��„N��,� palc�stNr ��i°15°34" East for a distance of 10.60 Feet to a point for corner in the Northwest line of an existing 70' wri�c� "T`a,�� '��a�°r & Light Company EasemenE and Righl-of-Way, as defined by instrument recorded in Volume ti'��3;�„ �� :J. �f the Deed Records of Denton County, Te7cas; THENCE South 51°31'31`° West along the Norlhwest ltne of said Texas Power & Light Company Easemeni and n Right-of-Way, for a distance of 99.62 feet to a point for corner at the beginning oF a non-tangent curve to the right; 7HENCE in a Northweslerly direcUon, along said curve ta the right having a central angle of 20°49,44", a radlus of 185.03 feet, a chord bearing of Norlh 61°20'35'° West, a chord distance of 66.89 feet and an arc length of 67.26 feet lo a poinl for corner; TWENCE North 50°55'43" West for a distance of 1B3.30 feet to a point for corner at the beginning of a curve to the ien; DME73222— W/nston 4 Access Esmt. Page i ol d . r . '. - � ♦ - ♦��.�:� _ ■ t � , � ...... � .. : . :� .. � . ;:.... . , �'..' * a'��. r <, .: •..�: 1�� 1 � � � - �: • � , . , ' # � �. . r�. � �. � 's 1� . � � ��. s � . � r: ��. � r. �: ;� `1 1 � �.� ��:+ 1•. *,it �r�� .�., �•; .....M - s - �. � � , � - � � - •' �. � : ��i ; , � • � .�' 1 �, .� � 1 . ; � + ... • , ' . . ��' , M R: � .. .- • • � .. . . � : a '. s * � c : �� .. +�:� �'- �s e ! �• • f THENCE South 66°43'S1" West for a distance of 12.G2 feet to a point for carner; � , ,+ , . w � 1 - � , �• .r . � �. ■' � ♦ s 'R •�� u � + • r �=� ,�a��°C�, 7urner, ��.�'� �..�x. h�!�, �i��D Teague Nal! & Perkins 1517 Centre Place Drive, Su1te 320 Denton, 7exas 76205 940-383�177 Date: November 10, 2014 Da�Ersz2z - wnston a ac�ess esmr. page z or a i% �' ri�, i; .y , �` n . � "�" � �~ . � � '�� „ ,��.�,-0 .�. a ,�• �- r.� W � �.� tia � >. � . �� .�� . .��._.�. .�. m � ,� .._�.� , ;; r ��i �! 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R, I � +, � 4 1� * �, , r : , M, Y ' - � ► �, �. + ,, i, �, . 1 �}` ! � ,.. . �, ��" f; '# � : 1r� �� ;M.� , ; ��, ; �, � � • � BEING a 1.174 acre Iracl �f' N��p�� a��C�� u� p�� ir��r�� t�'�R��:a �a�r�r�a��o Abstracl No. 1330 and the M.�.P. & P. Railrosd Company SuNey, r�d��Cr�rrti �Mc�. ��r�, �",at�a�� [��w��u� �u��%' ��'��a�r'�� Denton County, 7exas, and being part of a called 21.65 acre tract of l��a��l c��,��c:r��:cl ir� ��:�c��d'� 4� "�tbr��rr �4 t.��v�4'cs��ment, LLC, as recorded in Document No. 2013-121526 of the Reat I��+��r�y ��r��;aarc�� caf ��C��w ��a�ra�r�9�, ��r��a�, �nd being more particularly described as follows: COMMENCING at a 1/2 Inch Iron rod iaund for corner in the South Ilne of Winston brive, a 60' wide right-of-way per the Plet of Wimbleton Village Phase I, as recorded in Cabinet C, Page 81 of the Plat Records of Denton County, Texas, said point being an inferior corner of the above ciled 21.65 acre tract, THENCE NoRh 77"19'44°° Easl along the South Ifne of said Winston Drive right-of-way, for a distance of 1B3.05 feet lo a poinl tor corner at the Soulheast corner of said Winston Drive rtght-of-way, THENCE Nor[h 12°40'22°` West along the East line of said Winston Drive righi-of-way, for a distance of 19.78 feei to a point far corner at ihe POINT OF �EG{NNING ior the herein described easement; 7HENCE North 12°40'22" West conllnuing elong the East line of said Winston Drive right-of-way, passing the Northeast corner of same at dlstance af d0,22 feet, and cantlnuing far a toial distance of 60.29 feet to a point for corner, THENCE Norih 66"43'51" East for a distance of 24.34 feet to a polnt for corner at the beginning of a curve to the right; TMENCE ln an Easterfy direction, along said curve to the right havfng a centrai angle of 36�11'07", a radlus of 377.56 fee1, a chord bearing of North 84�49°25°' Easi, a chord distance of 234.50 feet and an arc length of 238.45 feet to a point for corner; THENCE South 77°05'02'° East for a distance ot 71.04 feet lo a point for corner at the beginning of a curve to the right; THENCE in a Southeasferly direction, along said curve to the right having a central angle of 26°09'19", a radius of 375.06 feet, a chord beartng of South 64a00'23°' East, a chord dfstance of 168.73 feet and an arc length of 771.21 feet to a point for corner; THENCE South 50°55'43°° East for a distance of 183.30 Teet to a polnt for corner at lhe beginning of a curve to the left; THENCE in a Soulheasterly direction, along said curve to the left having a tenlral angle of 43°48°42°°, a radius of 115.02 feet, a chard bearing of Soulh 72°50°04" East, a chord distance of 85.82 feet and an arc length of 87.95 feet to s point for corner; �"I��p':N��: C�J�r°�I� �4;'a 1�'a'��°° East fos a distance of 10.60 feet to a point for corner in the Northwest line of an existing 70' w�a�i�a "N"'��»� ��rc�� '�ze�hi Company Easement and Right-of-Way, as defined by instrument recorded in Volume 1 d��, �a�� C�D;�, �� 1�� l�r��d Records of Denton Counly, Te��as; THENC� Souih 51°31'31" West along the No�thwest line of said Texas Power & Ught Campany Easement and Right-of-Way, for a disiance oi 99.62 feet to a point for corner at the beginning of a non-tangent curve to 1he right; THENCE in a No�lhwesterly direction, along said curve to the right having a central angle of 20°49' ", a radius of 185.03 teet, a chord bearing of Norih 61°20'35'° West, a chord distance of 66.89 feet and an arc length of 67.26 feel to a pofnt ior corner; THENCE Narth 50°55'43°' West for a distance of 183.30 feet to a point for corner at the beginning of a curve to the left; DME93222 — Winslon A Access Esmf. Page 1 of 4 �': � i . � r. : � • R . � • ♦ ..'/" *� :• .: ��: ��: f 1 s:� � � • ..,.� � � ' . � `11'�� w r � "�: ! r � ,�. ► ;.. ' f . #�! � ��.4 � ��`� � � ' � « r . �- � 1+ -; � « �� •; ♦ : : : �ca � ► . : � ' -� R 1 . �. i 1 : I'�, G 1 ' R : � �': � � I ' . • ! � : � .4 i' 1 : . i � 1 �*��, 1'! 1 1 : • i ,� � � � '. � � � 1 t� • 1 ' �. M 4 # ' • 9 • � • c . ' 1; : � � � • :� � • ' ! 1 : 1 " � � ' ��. :�. 1 � f'�. � f , , �s; ` •„ . 1 ...:� . � ! .,,.; • ' e-� �;� i i.�: 1 � i: • :: " � ! � ;- 1 �� .�,.,, . "'tl„.°�,..�...�.,.,".:;:$sd" d�:�w,..�' ... .. ...._.... .�......... ��,"" ,„ ��,y�„" �w,�°y"'"a��q 7"a��i � � . Turner F�.P'�+ L �. �N�r�. 4859 �� Teague Nall & Perkins °°"'"•" °��•�"°"'`""•,"'�""` D & IURNER 1517 Centre Place Drive, Suite 320 •w��Mw� •��« �,�w� Denton, Texes 76205 °.�^ 5g �� 940-38 177 �" ��`� �� ;,��y�" Date: November10,2014 ��'� �� ,„ DME93222 — wnsfon 4 Access Esmf. 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" � �.�.... � . . .w ., _ � � � � � � 8� � � BY �3 � m � ,� Utl y � ��Ir�a�at�r��'�'� � � � �I .�.�..� �: � �� °' ' � �� w� ��,� � � k^„,,r� � ��y. a �y tr7 �Cl q �1 � d�'r L"�., � �� i � � "'.t � Y�ro � S wk 4.,w M y ��"�`S1��r��ai�.a�Y�'r � � � � � � � I ��Wq� �� (� I.k � ,c �ra :� rar � a�a r �"r � " � '� � °' F �� y j'�p'�`:s'w,�� a"�"r�r��cr� ��-� � �_�.,i��h � �I �� `� �; � �� i � ' '�. . M! ; Y, � � � � � .*.,. , ,,�. BEING a 0.332 acre trect �� raa� ��a��t��9 �� I��a t�o�°��'� "�u'�rk�r� ��r��, �k�w��r�� P�a�. 1�� I ti�� N.�..N'�. � h�'. Railroad Company Survey, s��a �Rra�¢,� h��, �7��w �ili�� Ci�ar�tuAr ��a��1 �.�r��h. C7��I��Mo ��rrr�� I �x��:. �� irw� ��rt r�4� a called 21.65 scre tr�ct of l�r�rS �i�s��Ao��k�� iu� �r �� "+J�ra�Rr�n7 ��e:l�a��o�°��u�t, 1.�.�, r�� r��a�•�9�p Rrr f��r�r,�e�ra�r�t I�rs, 2013-121526 of the Reaf �'r�u��cxr�� f��a��^,� �f ��s�ka�� cau��s4y, ��'wx��, ��' ��a�ia�� srw��r� p��w��i�»a�lza�ei� �c.��+�raF�� W follows: COMMENCING at a 1/2 inch iron rod found for corner in the South flne af Winston Drive, a fi0' wide rlght-of-way per the Plat ot Wimbleton Village Phase 1, as recorded in Cabinel C, Page 31 of the Plat Records of Denton County, 7exas, safd point being an interior corner of the above ated ;�1.85 acre tracl, THENCE North 77"19'4�" East along lhe Souih fine of said Winston Drive rlght-af-way, for a distance of 163.05 feet to a point for corner st the Southeast carner of said Winston Drive right�f-way, THENCE North 12°40'22°° West along the Easl line of said Winston Drive right-of-way, for a disfance ot 26.83 feet to a point for comer at tho POlNT OF BEGINNfNG for the herein described easement; 7HENGE Norlh 12°40'22" West conUnuing along the East line of sald Winston Drive right-of-way for a distance of 15.26 feei to a polnt for corner; THENCE North 66°43'S1" East departing the East Ilne of said Winston Drive rlght-of-way, tor a distance of 12.99 feet to a point for corner; , . , ,, � •. � �. � � � . . < � . . . : , � .< . . * � : , . � - � . : � � . . • � - • . c . . ., , . .��-. . ..,.�� . ., . : . <. -�� • . . , �� .. � : � a . . ,. ; ,. , , . . , * . .: , �� -- . �+.-, �� . . : , ..+ . ;. . . . ..� . , , .�; �: . . * . .� � . . , . .-. . � _ . ,; : . , . , � .. , . . . .. . . : . . . . :. • � - . : , � • : : � - . ' � #: : :� � , , _ , . _.� � A 1 _, , i��+ �-: :..� � ��.. • +�.�� . . • s � ��:�; � �: •. " .:�:� � , ..:�: • .. • ��.• .. �� ......� � * a��.�' :�:�� . �'��; � .��:; � •• ��:� ; I•�.'. � P.�': . '...: �'♦ • • s.. . y. :.. r . f' �:...'�. e -. - � - ► .• � .� - � ,. � . � .'^ . : � - s 1:�1: i . ,+ + .. 1 1 ;: ' . u �: ♦ s ' . ��. • � • ��. � • ' � r . ...... � 1 � : ' ., � . �. ... � ..,, • � .. - :'. �'� � �. �� • • ' - R + !: { . .. '. • . w � ��; � � 1�: �.. � - �... � 1 " ! . 1 w .� ' �� ' R •:. � � � . !. .,'.'.. ' �� . Y�, ,.. ,. .. � .. � . �.`: � •' � . . 1 '. !.. }��,., ^. "� � " �'1 . � .� '. � ' � �..._ � '...: 1 A. . i . . _ . ! . .. �i 1 1 " : �� , � �..� � s�.;.. 1� 1 :.... r�:'� + . , . � •;. �.� , •' s: e . .:.; • �., � ��: t ; � � � � • • � i. l . :..� � . • �: �;. � . �'. : � �:.:1 • � �� . 1 • .. � � '. , . . �.. - e t: • . ... : � ... � .,. DME13222— Winslon 9 TemporaryAccess Esmf. Page 1 0l5 THENCE in a Soulheaslerly direclion, along said curve to the left having a central angle ofi 'I6°00'15°°, a radius of 80.01 feet, a chord bearing of Soulh 48°34'47°' East, a chord distance of 22.28 ieel and an arc length of 22.35 feet to a poinf for corner; 7HENCE South 56°34'55°° East tor a distance of 4.61 feet to a point for corner at the beginn►ng o( a curve to the left; 7HENCE in a Southeasterly direction, along sald curve to ihe Ieft having a central angle of 20°14'29°`, a radius of 80.01 feet, a chord Bearing of South 66°42°10°' �ast, a chord distance of 28.12 feet and an arc fength of 2827 teet to a point for comer; 7HENCE South 76°49°24'° East for a distance o! 185.53 %et to a point far corner at ihe beginning of a curve to the left; THENCE In an Easter6y direciion, along said curve to the lett having a centraf angle of 22°25'43°', a radius of 180.03 feet, a chord bearing of South 88°02'16°' East, a chord distance of 70.02 feet and an arc length of 70.47 feet to a point far corner; °i°q�N6��d�'[� �M�al�d� �fi�"a�°� �°�:;��t ��r � r„�d�t�,�tts� �f ��s„Qa"s feet to a paint for corner in lhe Narthwest line of an existing 70° vvlcix� '�'c��;�� G�+��r�r +� N..i�ta'� �"��w�rrp��aa'�y �`�,z�ti��°a��N ��r�a� Right-of-Way, as defirred by inslrument recorded in Volume ��"a�;� �'�{�� f` �R�r� ��a�� c�r�� r,�i Lb�:�qr�caar ��Mc°at�^, 7exas; THENCE South 51°31'31" Wesl along lhe Norihwest line of said Texas Power & Light Company Easemenl, for a distanc� of 40.85 feet to a point for corner at the beginning oi a non-tangent curve to the right; 'M„��C�h�C`�' pn�s a� w�+d�r��1� dir�clion, ��iw�� il��s ��r"'[��+�a�� Yir�� 4 �� r'exas Pawer & Light Cornpany Easement, and ,,��,��vq+�� ' o��r�w1��4 curve to tl��a�: �u�pN��4' tl'r�'�ar�'a�i� ��s��M��l �as"�� ,w4 ��5'43", a redius of 20d.03 feet, a chord bearing �a� I'��a�kro �3��"'1�" �d��Mi, a chard �9��1,��r�+� ��'�"�'„t��,� G'�.s�rt �r�c� �ro� �r� N��th of 78.30 feet lo a point for comer, TNENCE Norlh 76°49'24" West for a distance of 135.53 feet to a point for corner at 1he beginning of a curve to the right; THENCE ln a Nohhwesterly direction, along satd cunre to the right having a ceniral angle of 20°14'29`°, a radlus ot 100.02 feet, a chord bearing of Norih 66°42'10" West, a chord distance of 35.15 feei and an arc length of 35.33 feet to a point far corner; THENCE North 56°34'S5'° West for a dislance of 4.61 feet to a point for corner al the beginning of a curve to the right� THENCE in a Norlhwesierly diteclion, along said curve to the righi having a central angle of 16°00°15°`, s radius of 100.02 feet. a chord bearing of North 48°34'47" Wesl, a chord dlstance of 27.85 feet and an erc length oi 27.94 feel to a point for corner; TH ENCE North 40°34'39'° West for a distance of 75.30 feet to a point for corner at the beginning of a curve to lhe fefi; THENCE in a Northwesterly direction, along said curve to the left having a central angle af 19°38'21", a radlus of 100.02 feet, a chord bearing of North 50°23' '° West, a chord dlsiance of 34.11 ieet and an arc lenglh of 3428 feet to a polnt for corner; 7HENCE North 60°13'00" West for a distance of 59.79 feet to a point for corner at the beginning of a curve to the lefi; TFIENCE in a Norihwesterly direciion, along said curve to the left having a central angle of 08°08°38°°, a radius of 100.02 feet, a chord bearing of North 64°17°19°° Wesl, a chord dislance of 14.20 feet and an arc lenglh of 14.22 feet lo a point for corner; THENCE Norih 68°21'38" West for a distance of 11.52 feet to a pornt for corner at the beginning of a curve to ihe left; THENCE in a Northwesterly directian, along said curve io the left having a cenlral angle of 22�30°08", a radius of 100.02 feet, a chord bearing of North 79°36'42°' West, e chord distance of 39.03 feei and an arc iength of 3928 feet to a point for corner; THENGE South aS°OS'13°' West for a distance of 49.47 feet to a point for corner at the beginning of a curve to the rig ht; DMEi3222 - Winsfon 4 Temporary Accoss Esmf. Paga 2 015 THENCE ln a Northwesterly direcfion, along said curve lo the right having a cenlral angle of 40°21'37", a radius oC 100.02 ieet, a chord bearing of North 70°40°58°' West, a chord distance of G9.01 feet and an arc length of 70.45 feei to a pointfor carner; THENCE North b0°30°09'° West tor a dislance of 29.81 feef to a poini for corner; THENCE Soulh 66°43°51°' Wesi for a distance of 28.55 feet to the POINT OF BEGINNING, and conteinrng 0.332 acres of land, more or less. � �� (� 9 �"'� �� ' �"�� `� � �� , �w. � � a.w � 7odd B.�7urner, F�,.k� W�. No ��3a�� "�� r Teague Nall � Perkins "`"" "" o"B. niAN� 1617 Centre Place Drive, Suite 320 .�� •�� „��, Denton, Texas 76205 � 4859 � �a 940-383-4177 � � �"'��` ti� ��"� �r Date: December 26 2014 �'�'C.� �"� � "�. 41 �M1�''�ti� d. DME13222--Winslon 4 TamporaryAccess Esml. 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'�! � ��'�. i . �.� i ' � ; a, � � � � ...., � . �.:: � ";�, + ' e � � - a � cce te t is ay of ..._mm..�.�,.� �.� ..................._.�m_.._� _.._.......� ___..._� s 2 15, for t e City of entan, Texas (Resalution No. 91-103). ` is�� F ,�� r l � � ` . � ��, i �... 1�` i � r . �' 1`�:, �� 'r /- 1 ! �� , � � � .�.,.�� . � BEING a U.332 acre tract a�f Nar�c� �i��Cz�c�l 'im� i��a �ic9�t�t� `UG��wk�� a'uar^��, Abstract No. 1330 and the M.E.P. & P, Rallroad Company Survey, �+��;r��a�� 1��. �°'�� 4.dt't�� t �an�rrat;Nr� ��'� ��i��i'�'M, Denton County, Texas, end being part of a called 21.65 acre lract of p�ar+r� c1��riN��r� i�� C:D��r� t�r "'�iti�u�9�a� � l"��v�l�a�ment, LLC, as reco�ded in Document No. 2013-121528 of ihe Roal �"'r�p��ro��y ��;��r�� r�f ��»�l��r� ��r�u�rty„ I"��s, �and being more parlicularly described ps follows: COMMENCING at a 1/2 inch iron eod found for corner in the South line of Winston Drive, a 60' wide righl-of-way per ihe Plal of Wimbleton Village Phase I, as recorded in Cabinet C, Page 31 oi the Plat Records of Denlan Counly, Texas, said poinl being an interior corner of lhe above cited 21.65 acre tract, THENCE North 77°19'44" East along lhe South line of said Winston Drive right-of-way, for a disiance of 163.05 fee4 to a point for corner at the Soulheast r,arner of said Winston Drive right-0%way; 7NENCE North 12�40'22" West along lhe East line of said Winston Drive right-of-way, for a dlstance of 26.83 fee4 to a point for comer at the POINY OF BEGINNING for the hereln descrlbed easement; THENCE Norlh 12°40'22" West conlinuing along the Easl line of said Winston brive righl-of-way for a distance of 15.26 feet to a point for corner; THENCE North 66°43'51" East departing the East line of said Wins4on Drive right-of-way, %r a distance of 12.99 feet to a point for corner; THENCE North 53°14'47" Eas4 for a dlstance of 29.63 feet to a pofn4 for corner; THENCE South 84°24'96" East for a distance of 15.78 feet to a point for corner; THENCE South 29°01'58" East for e distance of 23.81 feet to a point for corner al ihe beginning of a curve to the left; 7HENCE in a Soulheasterly direc4ion, along said curve to the left having a central angle af 61`49'49", a radius of 50.01 feet, a chord bearing of Soulh 59°56'S2" East, a chord distance of 51.38 feet and an arc length of 53.97 feei fo a point for corner; THENCE NoAh 69°OS'73" �ast for a distance of 59.07 feel to a point for corner al the beginning of a ourve to the tight; THENCE In a Southeasierly directian, along said curve to the right having a ceniral angle of 22°30'08", a radius of 120.02 feet, a chord bearing of Soulh 79°36'42" East, a chord distance of 46.B3 feet and an arc length of 47.14 feet to a point for corner; THENCE South 68°21'38" East ior a distance of 11.52 feet to a point for corner at the beginning of a curve to the right; THENCE in a Southeesterly direction, along said curve to ihe right having a central angle of OB"OB'38", a redius of 120.02 feet, a chord bearing of South 64°17'19" East, a chord distance of 17.0�3 feet and an arc lenglh of 17.08 feet to a point for corner; THENCE Soulh 60°13'00" Easl for a distance of 59.79 teet to a point for corner ai the beginning of a curve to the right; THENCE in a Southeaslerly direclion, along said curve to the righ4 having a central angle of 19°38'21", a radius of 120.02 feet, a chord bearing of South 50°23'50" East, a chard disiance of 40.94 feet and an arc length of 41.14 feet to a point for corner; THENCE South 40'34'39" East for a distance of 75.90 feet to a point for corner at 1he beginning of a curve to the left; DMEi3222 — wnslon 4 TemporaryAccess Esmt. Page 1 oJ a 7HENCE in a Soulheasterly direclion, along said curve lo ihe left I�aving a central angle oi 16°00°15", a radius of 80.01 feet, a chord bearing af Soulh 48°34'47" East, a chord distance oi 22.28 feet and an arc length of 22.35 feet to a point for corner; THENCE South 56'34'S5'° East for a distance of 4.61 feel to a poini for wmer at the beginning of a curve to the left; THENCE in a Southeasterly direclion, along said curve fo ihe {eft having a ceniral angle of 20°14'29'°, a radius of 80,01 feet, a chord bearing of South 66°42'10" East, a chord dfstance of 28.12 feet end an arc iength of 28.271eet to a point for corner; THENCE South 76°49'24°° East for a distance of 135.53 feet to a point for corner al the beginning of a curve to the left; THENC� in an Easterly direction, along safd curve to the left having a cenlral angle of 22°25'43'°, a radius of 180.03 feet, e chord beering of South 88°02'16°° East, a chord dislance oi 70.02 feet and an arc length of 70.47 feet to a point for carner; THENCE North 80°50'33'° East for a distance of 35.65 feet to a point for camer in the Northwest line of an existing 70' wlde Texas Power & Light Company Easement and Right-of-Way, as defined by inslrument recorded in Volume 1062, Page 62 of the deed Records of Denton County, Texas; THENCE South 51°31'31" West along the Northwest line of said Texas Power & Light Company Easement, for a dlstance o( 40.85 feet to a point for corner ai the beglnning of a non-tangent curve to the right; 7HENCE in a Westerly direcUon, deparling the Northwest line of said Texas Power & Light Company Easement, and along safd non-tangent curve to the right having a central angle oi 22�25'43", a radfus oY 200,03 feet, a chord bearing of North 88°02'16" West, a chord distance of 77.80 feet and an arc lenglh of 78.30 feet to a point for corner; THENCE Nohh 76°49'24°' West for a distance of 135.53 feet to a poinl for corner at the beginning of a curve to the right; 7HENCE in a Norihwesterly directian, along said curve to the righk having a centrai angle of 20°14'29'°, a radlus of 100.02 feet, a chord beering of North 66°42'10'° West, a chord distance of 35.15 feet and an arc fength of 35.33 teet to a point for corner; THENCE North 56°34'55" West for a dislance of 4.61 fieet to a point tor corner at the beginning oi a curve to the right; iHENCE in a Northweslerly direction, along said curve to ihe right having a central angle of 16°00'15'°, a radius of 100.02 feet, a chord bearing of North 48°34'47°° West, a chord distance of 27.85 feet and an arc length of 27.94 feet to a point for corner; THENCE North 40°34'39'° West for a distance of 75.30 feet to a point for corner at the beginning of a curve to the left; THENCE in a Northwesterly direcllan, along said curve to the left having a ceniral angle ofi 19°38°21'°, a radius of 100.02 feet, a chord bearing of North 50°23'50" Wesl, a chord distance of 34.11 ieet and an arc lengih of 3a28 feet to a point for corner; TNENCE North 60°13'00'° West for a dislance af 59.79 feet to a point for corner at the beginning of a curve to ihe left; THENCE ln a NoRhwesterly direclion, afong said curve lo the left having a central angle of 08°08°38'°, a radius of 100.02 feet, a chord bearing of Norfh 64°17'i9" West, a chord disiance af 14.20 feet and an arc length of 1422 feet to a point for corner; 7HENCE North 68°21°38'° Wesl for a distance of 11,52 feet to a point for corner al the beglnning of a curve to ihe left; THENCE in a NoRhwesterly direclion, along said curve to the left having a central angle of 22°30'0$'°, a radius of 100.02 feet, a chord bearing of North 79°36'42°° Wesl, a chord dislance of 99.03 feet and an arc length of 39.28 feek to a point for corner; THENCE South 89°08°73" West for a distance of 49.47 feet to a point for corner al the beginning of a curve to the right; DME13222 - Wlnslae 4 Tomporary Accoss Esmf. Poge 2 of 5 THENCE in a Norlhwesierly direciion, along said curve to lhe right having a central angle of 40°21'37°', a radius of 100.02 feet, a chord bearing of North 70°40`58'° West, a chord distance of 69.01 feet and an arc lenglh oF 70.45 feei to a point for corner; THENCE Norlh 50°30'09'° West for a distance of 29.31 feet to a point for corner; TNENCE South 66°48'51" West for a distance of 28.55 feet to the POINT OF BEGINNINC, and containing 0.332 acres ot land, more or less. � ,�� ,; � .'��. R�� .:� � � .� - - • 1 �- , .�� ..w �. - �� : �-�'� � �� OMF13222 — wnsfon 4 7empoiary Access Esmf. 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' : ' ' �„ � 1 ....... � � i:. f . � �., �.. � � R � �• �.: � � ' �'.; � , ;, � �; ' ,. �.�. ! � ' � �'��. � ��,,. ' � . *" ' f �',: . , ' ` * � ' , �..:. ! ,...:` � ..... ! ' + � . :. . .: _ #. � � � r: R a � ..��. � " � � �, �. � � •., ■ �., ". � 1 � ., " � . '�. . . � � ;. ' * /�. �.' � ..�.. � • � , y - i 1 ': ' + f ' .... � � �', ,. i" 1 1, . , ;, , :. . . . '1 � � # � � � '� / !l' +; • - � •-� • - * '.r- �--� .. • � ; # �- � � - , 7' � ! �.I � . � ' ' . ♦ ' � �� ' � '� � �.. , "�� 1 � �i 1 � ��i + � � ► . I � � � #! �. _ , .:� •� . � �-� �-; , `� 'll'1 I! ' � � # ! � � � A. . . � . . . � q ' " ' . r, -� �' - �. �•; w. . + r�l �� . i �,!- '' � � � �- �;, � � � . ��• - � �;. o �� : � �� . . s �-� •� � ; �, r. + . . .� ,y ��-� � �� , � � ', • .{ � � , -� • •�- •� ' � �.+, � .:. � . ,. �..� •. � � •i R' • � '' � �•� r •. �, , � � , , � � .�, �'._� i * , � � � � . . . � ! , ► � � � . � R .� � ��- • � .;: 1 1.i; �', ' � f �.f - �..1 r' '1 # f � 1 � � �-� � • � � .�, �•>-� r �; ` ' • � : � "` � • � • .! , . � �� .-� � � - �� '.�,�� : ��-� •�� ; � �• , . � ��;,� � . � � , . ! � ! � U . �; .• �. � . � �; . � �. . �• � �, � , �' � ' � ' ' _ '' . . �. �. . � �• 1 �. . , �.1; � � . �. � � . � . �, • �• �' • 1' ' � , � i �, � � � 1 � � 1 1 � • 1 � ` '' That Winston 4 Development, LLC, a Texas limited liability company ("Grantor"), for and in consideration of the sum of TEN AND NO/100 DOLLARS ($10.00), and other good and valuable consideration to Grantor in hand paid by the City of Denton, a Texas home rule municipal corporation ("Grantee"), 215 E. McKinney, Denton, Texas 76201, the receipt and sufficiency of which are is acknowledged and confessed, and subject to the Reservations from Conveyance and the Exceptions to Conveyance and Warranty set forth below, has GRANTED, SOLD and CONVEYED, and by these presents does GRANT, SEI,L and CONVEY, unto Grantee all the real property in Denton County, Texas being particularly described on ��lti�ai! "r't'", attached hereto and made a part hereof for all purposes, and being located in Denton County, Texas, together with any and all rights or interests of Grantor in and to adjacent streets, alleys and rights of way and together with all and singular the improvements and fixtures thereon and all other rights and appurtenances thereto (collectively, the "Property"). Notwithstanding the foregoing grant of conveyance, Grantor, subject to the limitation of such reservation made herein, reserves, for herself, her devisees, heirs, successurs and assigns, all oil, gas, and other minerals in, on and under, and that may be produced from the Property (herein "Reservation from Conveyance"). Grantor, its successors, and assigns, shall not have the right to use or access the surface of the Property, in any way, manner or form, in connection with or related to the reserved oil, gas, and other minerals and/or related to exploration and/or production of the oil, gas, and other minerals reserved herein, including without limitation, use or access of the surface of the Property for the location of any well or drill sites, well bores, whether vertical or any deviation from vertical, water wells, pit areas, seismic activities, tanks or tank batteries, pipelines, roads, electricity or other utility infrastructure, and/or for subjacent or lateral support for any surface facilities or well bores, or any other infrastructure or improvement of any kind or type in connection with or related to the reserved oil, gas, and other minerals, and/or related to the exploration or production of same. As used herein, the term "Minerals" shall include oil, gas, and all associated hydrocarbons, and shall exclude (i) all substances that any reasonable extraction, mining or other exploration and/or production method, operation, process or procedure would consume, deplete or destroy the surface of the Property; and (ii) all substances which are at or near the surface of the Property. Nothing herein shall be construed to prohibit the production of the reserved oil, gas, and other minerals and/or the pooling of the reserved mineral estate with other lands, so long as all surface operations are located entirely on lands other than the Property. As used herein, the term "surface of the Property" shall include the area from the surface of the earth to a depth of five hundred feet (500') below the surface of the earth and all areas above the surface of the earth. Exceptions to Conveyance and Warranty: See Exhibit "B" attached hereto and made a part hereof for all purposes. Grantor hereby assigns to Grantee, without recourse, warranty, or representation, any and all claims and causes of action that Grantor may have for or related to any defects in, or injury to, the Property existing on the date of this deed, unless expressly reserved herein or in the Contract of Sale between Grantor and Grantee. TO HAVE AND TO HOLD the Property, together with all and singular the rights and appurtenances thereto in anywise belonging unto Grantee and Grantee's successors and assigns forever; and Grantor does hereby bind Grantor and Grantor's successors and assigns to WARRANT AND FOREVER DEFEND all and singular the Property unto Grantee and Grantee's successors and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof when the claim is by, through, or under Grantor but not otherwise, except as to the Reservations from Conveyance and the Exceptions to Conveyance and Warranty. 2 EXECUTED the � day of r�` , 2015. State of Texas Denton County i� iiz�i�-�� N�i��), �` �" Texas limited liab�li � � .._�.�:�. .�'"�""�,_. � w�......... �......._ u u� ��nai��N c� � Printed Name � Title § § �� was acknowled�� before �� on � cC�ty� of 201 � � � . (Printed _ � � �° � . �� _.. : .., �" � r�`C'iil�), of Winston 4 Development, LLC, a tr�a� ��y, on behalf c-ri"said limited liability company. � ��.. � .�..__.. �. �.� , - � � �� . � ,� k , r �, „_ ., �, � , -,, l�at�� I ic, � t��t� of Texas � (`�r � +�srtiq3Ns � � � �v a � > S �i '� �^' �P �' d 3 't �, St ,�,{t� � E r j �� ( "� «'�; ` s«:r ��r �,�.;?T'� P r ts- ,�,. �� u,,. �� . ,rr�s.x. t� � u ,�� ,t, Upon Filing Return To: The City of Denton-Engineering Attn: Paul Williamson 901-A Texas Street Denton, TX 76209 Property Tax Bills To: City of Denton Finance Department 215 E. McKinney Street Denton, Texas 76201 i�w:ii:3riv_� BEING a 17.027 acre tract of land situated in the Gideon Walker Survey, Abstract No. 1330 and the M.E.P. & P. Railroad Company Survey, Abstract No. 950, Cities of Denton and Corinth, Denton County, Texas, and being part of a called 21.65 acre tract of land described in a Deed to Winston 4 Development, LLC, as recorded in Document No. 2013-121526 of the Real Property Records of Denton County, Texas, and being more particularly described as follows: BEGINNING at a 5/8 inch iron rod with cap stamped "TNP" set for corner in the most Westerly line of the above cited 21.65 acre tract, said point being the Northwest corner of a called 1.37 acre tract of land described as Tract 1 in a Deed to Onyx Builders, LLC, as recorded in Document No. 2014-28718 of the Real Property Records of Denton County, Texas, said point also being in the East line of Block 1 per the plat of Wimbleton Village Phase I, as recorded in Cabinet C, Page 31 of the Plat Records of Denton County, Texas, from which a 1/2 inch iron rod found for the Southeast corner of Lot 1, Block 1 of said Wimbleton Village Phase I bears South 25°08'52" West a distance of 129.47 feet; THENCE North 25°08'S2" East (North 25°09'37" East - Deed) along the West line of said 21.65 acre tract and the East line of said Block 1, for a distance of 308.18 feet (437.29 feet - Deed) to a 1/2 inch iron rod found for corner at the most Westerly Northwest corner of said 21.65 acre tract and the Northeast corner of said Block 1, said point also being in the South line of a 110' wide channel per the plat of Wimbleton Village Phase V, as recorded in Cabinet B, Page 309 of the Plat Records of Denton County, Texas; 7HENCE in a Southeasterly direction, along the North line of said 21.65 acre tract and the South line of said channel, and along a non-tangent curve to the left having a central angle of 17°42'39", a radius of 895.00 feet, a chord bearing of South 80°47'55" East, a chord distance of 275.55 feet (275.43 feet - Deed) and an arc length of 276.65 feet to a 1/2 inch iron rod found for corner at the beginning of a reverse curve to the right; . THENCE in an Easterly direction, continuing along the North line of said 21.65 acre tract and the South line of said channel, an�i�aloy�g �ar� reverse c�ar�r� to the right hs�vsQt� a central angle of 02°13'43", a radius of 2562.21 feet, a chord be��ing of Sou41�88°50'16" ��st, a c€�or�i distan�e �f 99.65 feet (99.55 feet - Deed) and an arc length of 99.66 feet to a 1/2 inch iron rod found for corner at the Southeast corner of said channel, said point also being an interior ell corner of said 21.65 acre tract; THENCE North 02°14'31" East (North 02°14'19" East - Deed) along the East line of said channel and the most Northerly West line of said 21.65 acre tract, for a distance of 110.01 feeY (110.00 feet - Deed) to a bent 1/2 inch iron rod found for corner at the Northeast corner of said channel and the most Northerly Northwest corner of said 21.65 acre tract, said point also being in the South line of a called 34.36 acre tract of land described in a Deed to Jim/Heritage, L.P., as recorded in Document No. 2007-123418 of the Real Property Records of Denton County, Texas; THENCE South 87°46'04" East (South 87°46'16" East - Deed) along the North line of said 21.65 acre tract and the South line of said 34.36 acre tract, for a distance of 762.02 feet (761.94 feet - Deed) to a 60d nail found for corner at an angle point; THENCE South 50°25'16" East (South 50°25'27" Easf - Deed) continuing along the North line of said 21.65 acre tract and the South line of said 34.36 acre tract, for a distance of 630.44 feet (630.36 feef - Deed) to a 5/8 inch iron rod with cap stamped "TNP" set for corner at the most Easterly corner of said 21.65 acre tract and the most Southerly corner of said 34.36 acre tract, said point also being in the Northwest line of Lot 1 R, Block A per the Replat of Denton Lincoln-Mercury, as recorded in Document No. 2010-114 of the Plat Records of Denton County, Texas, from which a 5/8 inch capped iron rod found for the most Northerly corner of said Lot 1 R and the most Easterly corner of said 34.36 acre tract bears North 51 °31'31" East a distance of 712.85 feet; THENCE South 51°31'31" West (South 51°32'17" West - Deed) along the Southeast line of said 21.65 acre tract and the Northwest line of said Lot 1 R, passing a 5/8 inch iron rod found for the most Westerly corner of said Lot 1 R and the most Northerly corner of a tract of land conveyed to Denton Independent School District, per Deed recorded in Document No. 2009-72433 of the Real Property Records of Denton County, Texas, at a distance of 13.00 feet, and continuing along the Southeast line of said 21.65 acre tract and the Northwest line of said Denton Independent School District tract, for a total distance of 542.15 feet (541.72 feet - Deed) to a 5/8 inch iron rod with cap stamped "TNP" set for corner at the Southeast corner of said 21.65 acre tract, said point along being in the North line of a called 52.3097 acre tract of land described as Tract Two in a Deed to Oakmont Management Corp., as recorded in Volume 3415, Page 839 of the Real Property Records of Denton County, Texas; DME13222 - Winsfon 4 Deve/opment ALTA Page 1 of 2 THENCE North 37°10'42" West (North 37°17'08" West - Deed) along the Southerly line of said 21.65 acre tract and the Northerly line of said 52.3097 acre tract, for a distance of 147.98 feet (147.66 feet - Deed) to a 1/2 inch iron rod found for corner at an angle point; THENCE South 84°03'10" West (South 84°00'32" West - Deed) continuing along the Southerly line of said 21.65 acre tract and the Northerly line of said 52.3097 acre tract, for a distance of 384.20 feet (613.89 feet - Deed) to a 5/8 inch iron rod with cap stamped "TNP" set for corner; THENCE North 12°26'46" West departing the Southerly line of said 21.65 acre tract and the Northerly line of said 52.3097 acre tract, for a distance of 251.09 feet to a 5/8 inch iron rod with cap stamped "TNP" set for corner; THENCE South 73°17'46" West for a distance of 187.97 feet to a 5/8 inch iron rod with cap stamped "TNP" set for corner in an interior West line of said 21.65 acre tract, said point also being within Winston Drive, a 60' wide right-of- way per said Plat of Wimbleton Village Phase I, from which a 1/2 inch iron rod found in the South line of said Winston Drive bears South 12°40'16" East a distance of 8.29 feet; THENCE North 12°40'16" West (North 12°33'S9" West - De2d) along an interior West line of said 21.65 acre tract, for a distance of 51.71 feet (60.00 feet - Deed) to a 1/2 inch iron rod found for corner in the North line of said Winston Drive; THENCE South 77°19'44" West (South 77°25'28" West - Deed) along the North line of said Winston Drive, for a distance of 34.61 feet (34.61 feet - Deed) to a 5/8 inch iron rod with cap stamped "TNP" set for corner at the beginning of a curve to the right; THENCE in a Southwesterly direction, along the North line of said Winston Drive, and along said curve to the right having a central angle of 06°01'28", a radius of 995.87 feet, a chord bearing of South 80°20'29" West, a chord distance of 104.66 feet (271.81 feet - Deed) and an arc length of 104.71 feet to a 5/8 inch iron rod with cap stamped "TNP" set for corner at the Southeast corner of the above cited 1.37 acre tract conveyed to Onyx Builders, LLC; THENCE North 06°36'23" West (North 06°32'01" West - Deed) departing the North line of said Winston Drive, and along the East line of said 1.37 acre tract, for a distance of 120.00 feet (120.00 feet - Deed) to a 5!8 inch iron rod with cap stamped "TNP" set for corner at the Northeast corner of said 1.37 acre tract; THENCE South 85°17'29" West (South 85°21'51" West - Deed) along the North line of said 1.37 acre tract, for a distance of 58.01 feet (58.01 feet - Deed) to a 5/8 inch iron rod with cap stamped "TNP" set for corner; THENCE South 89°05'14" West (South 89°09'36" Wesf - Deed) continuing along 4he North line of said 1.37 acre tract, for a distance of 58.01 feet (58.01 feet - DeedJ to a 5/8 inch iron rod with cap stamped "TNP" set for corner; THENCE North 87°03'36" West (North 86°58'44" West - Deed) continuing along the North line of said 1.37 acre tract, for a distance of 346.65 feet (346.78 feet - Deed) to the POINT OF BEGINNING, and containing 17.027 acres of land, more or less. DME13222 - Winston 4 Deve/opment ALTA Page 2 of 2 Exhibit 66yJ99 a� To Special Warranty Deed "Exceptions to Conveyance and Warranty" a. All leases, grants, exceptions or reservations of coal, lignite, oil, gas and other minerals, together with all rights, privileges, and immunities relating thereto, appearing in the Public Records. b. Easement execuied by JOE B. AKERS and wife, AMA BETTY AKERS to TEXAS POWER & LIGHT COMPANY filed April 5, 1945, recorded in Volume 313, Page 356, Deed Records of Denton County, Texas as shown on survey dated Apri127, 2015, prepared by Todd B. Turner, RPLS #4859. c. Easement executed by THOMAS E. NOEL and wife, FAMA C. NOEL ta TEXAS POWER & LIGHT COMPANY filed August 17, 1951, recorded in Volume 373, Page 242, Deed Records of Denton County, Texas as shown on survey dated April 27, 2015, prepared by Todd B. Turner, RPLS #4859. d. Easement executed by WALTER M. LEA and wife, JANE C LEA to TEXAS POWER & LIGHT COMPANY filed January 5, 1965, recorded in Volume 517, Page 518, Deed Records of Denton County, Texas as shown on survey dated April 27, 2015, prepared by Todd B. Turner, RPLS #4859. 1 ! . .+- -� . i • • . . l . . � � • ': � � r ! • ! � - � . . - • � - +ii �- . , , 11�1 , � .� �- - ,_ �� _ . + •11 '1' •'., ' •�. .. • � • R- • • - , . • •, - �. -r � � 1 � -�, -r � •�� : .. ..; .a f. Easernent executed by JOE B. AKERS and AMA BETTY AKERS to SINCLAIR REFINING COMPANY, a Maine Corporation filed December 18, 1947, recorded in Voluine 341, Page 194, Deed Records of Denton County, Texas. Assignment and Assumption Agreement filed October 3, 1994, under CC# 94- R0075562, Real Property Records of Denton County, Texas as shown on survey dated April 27, 2015, prepared by Todd B. Turner, RPLS #4859. • -• . . . � ,• , , �� ; �' '� -� -� . ': • •-� • 1r .�,. � �--� "- • a • �- • r . � � � � . r. .� . � 1 � -�. -� • •�r : �'' .�; + h. Easement executed by TIMBERGLEN COMPANY, a Texas general partnership to UPPER TRTNITY REGIONAL WATER DISTRiCT filed June 22, 1998, recorded in Volume 4117, Page 2169, Real Property Records of Denton County, Texas as shown an survey dated April 27, 2015, prepared by Tadd B. Turner, RPLS #4859. i. Terms, conditions and stipulations in the Agreernent by and between T[MBERGLEN COMPANY and UPPER TRINITY REGIONAL WATER DISTRICT filed May 22, 1998, under CC# 98-R0042643, Real Property Records of Denton County, Texas as shown on survey dated Apri127, 2015, prepared by Todd B. Turner, RPLS #4859. j. Undivided 1/16th non participating royalty interest in Oil, Gas and other Minerals reserved in deed from CORA GROSS, et al to V.H. THOMAS filed Octaber 21, 1942, recorded in Volume 416, Page 521, Deed Records of Denton County, Texas. k. Undivided 1/32 non-participating royalty interest in Oil, Gas and other Minerals reserved in deed from THOMAS E. NOEL and wife, FAMA C. NOEL to WALTER M LEA and wife, JANE C. LEA filed October 26, 1955, recorded in Valume 416, Page 521, Deed Records of Denton County, Texas. 1. Undivided royalty interest in Oil, Gas and other Minerals reserved in deed fram JOE AKERS and AMA BETTY AKERS, his wife to THOMAS E. NOEL filed May 14, 1951, recorded in Volume 370, Page 283, Deed Records of Denton County, Texas. m. Right of Entry and License to Proceed with Construction executed by TIMBERGLEN COMPANY to UPPER TRINITY REGIONAL WATER DISTRICT filed May ll, 1998, under Volume 4097, Page 871, Real Property Records of Denton County, Texas as shown on survey dated April 27, 2015, prepared by Todd B. Turner, RPLS #4859. n. Utility Easement executed by TIMBERGLEN COMPANY, a Texas general partnersihp to UPPER TRINITY REGIONAL WATER DISTRICT filed June 22, 1998, under Volume 4ll 7, Page 2169, Real Property Records of Denton County, Texas as shown on survey dated April 27, 2015, prepared by Todd B. Turner, RPLS #4859. o. Terms, Provisions, Conditions, Obligations, Easements, Assessments and Liens contained in instrument filed November l, 1994, recarded under CC# 94- R0082216, Real Property Records of Denton County, Texas. 6 " Denton County Juli Luke County Clerk Denton, TX 76202 70 201 5 00098487 Instrument Number: 2015-98487 As Recorded On: August 25, 2015 Warranty Deed Parties: GEE STEWART D To Comment. ( Parties listed above are for Clerks reference only ) ** THIS IS NOT A BILL ** Warranty Deed 54.00 Total Recording: 54.00 Billable Pages: 8 Number of Pages: 8 ************ DO NOT REMOVE. THIS PAGE IS PART OF THE INSTRUMENT ************ Any provision herein which restricts the Sale, Rental or use of the described REAL PROPERTY because of color or race is invalid and unenforceable under federal law. File Information: Document Number: 2015-98487 Receipt Number: 1331044 Recorded DatelTime: August 25, 2015 03:49;48P User / Station: J Baker - Cash Station 4 Record and Return To: TITLE RESOURCES WILL CALL DENTON TX 76202 THE STATE OF TEXAS } COUNTY OF DENTON } 1 hereby certlfy that thla Instrument waa FILED In the Flle Number sequence on the date/tlme printed heron, and wae duly RECORDED In the Offlclel Records of Denton County, Texas. Jull Luke County Clerk Denton County, Texas S� DATE : October 26, 2015 GF NO: 155560 TO : CITY OF DENTON-ENGINEERING DEPT ATTN: LUANNE OLDHAM REAL ESTATE AND CAPITAL SUPPORT 901-A TEXAS STREET , 2ND FLOOR DENTON, TX 76209 , � . - . -. . . _. ..- .- .�. - .. - _ - - -. = . - - �• . , � . . . .� . . . ;> . , � • � � We are pleased to enclose an Owner's Title Policy No. 103-0-155560 from TitleRes, issued in connection with the purchase of the property deseribed in the Title Poliey. The enclosed Title Policy is an important legal document, so please safeguard it with your other important papers. TITLE RESOURCES appreeiates the opportunityto be of service to you and hope that you will remember us should you have a future need for the serviees of a title eompany. Please call if you have any further questions or if we can be of further assistance. Thank you again for letting TITLE RESOURCES help you with the purchase of your property. Gail Green Policy Proeessor gail@trnt.net Enclosure 525 �ssLxttr Lc��p 2�$ 5�zite #125 * LBent€�n,'�'exas 76205 � (3ffc� (940} 3$1-iC}06 * Metres �94Q� 243-29I3 � l�ax (94�} 89�-Oi2i 103-0-155560 OWNER'S POL�CY OF TITLE INSURANCE (Form T-1) Issued by Ti#le esources Guaranty Co pany Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS, TITLE RESOURCES GUARANTY COMPANY, a Texas corporation (the "Company") insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against Ioss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from: (a) A defect in the Title caused by: (i) forgery, fraud, undue influence, duress, incompetency, incapacity or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created, executed, witnessed, sealed,acknowledged, notarized or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified, expired or otherwise invalid power of attorney; (vi) a document not properly filed, recorded or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b)The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. (d)Any statutory or constitutional mechanic's, contractor's, or materialman's lien for labor or materials having its inception on or before Date of Policy. 3. Lack of good and indefeasible Title. 4. No right of access to and from the Land. 5. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting or relating to: (a) the occupancy, use or enjoyment of the Land; (b) the character, dimensions or location of any improvement erected on the Land; (c) subdivision of land; or (d) environmental protection if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. 6.An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 8.Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9.Title being vested other than as stated in Schedule A or being defective: (a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency or similar creditors' rights laws; or (b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a Form T-1: Owner's Policy of Title Insurance (For Use Only in Texas) Effective 1/03/2014 OWNER'S POLICY OF TITLE INSURANCE (Form T-1) Issued by TITLE RESOURCES GUARANTY COMPANY SCHEDULE A Name and Address of Title Insurance Company: TITLE RESOURCES GUARANTY COMPANY 8111 LBJ Freeway, Suite 1200, Dallas, Texas 75251 File No.: 155560 Address for Reference only: I 35 E, DENTON, TX 76210 Amount of Insurance: $270,000.00 Date of Policy: August 25, 2015, at 03:49 pm Policy No.: 103-0-155560 Premium: $2,089.55 1. Name of Insured: CITY OF DENTON, a Texas home rule municipal corporation 2. The estate or interest in the Land that is insured by this policy is: Fee Simple 3. Title is insured as vested in: CITY OF DENTON, a Texas home rule municipal corporation 4. The land referred to in this policy is described as follows: See Exhibit "A" attached hereto and made a part hereof for all purposes. Form T-1: Owner's Policy of Title Insurance Page 1 � BEING � 17.a�7 acre tr�c� of land s�tuat�d in th� Gi�lean Walker Suroey, I�bstr�ct No. 1330 and the M.E.P. & P. Railroa�i Car��aam�y Surv�y, Abstract N�. ��(3, Citi�� c�f ��nton and Corinth, �3�r�t�� County, Texas, and being part of a called 21.65 acre tract of land described in a Deed to Winston 4 Development, LLC, as recorded in Document No. 2013-121526 of the Real Property Records of Denton County, Texas, and being more particularly described as follows: BEGINNING at a 5/8 inch iron rod with cap stamped "TNP" set for corner in the most Westerly line of the above cited 21.65 acre tract, said point being the Northwest corner of a called 1.37 acre tract of land described as Tract 1 in a Deed to Onyx Builders, LLC, as recorded in Document No. 2014-28718 of the Real Property Records of Denton County, Texas, said point also being ir� �h� East Iir�� of �l�ck 1 p�r tl�� plat of VVifr�bl��r� Vill�ge I�C��s� I�� recarded in Cabinet C, Page 31 of the Plat R�c�r�ds of Ct�nton �auraty, '�"ex�s, from whici� � ii2 is�ch irvr� r��d ��und far the Southeast corner of Lot 1, Block 1 of said Wimbleton Vi�lage Ph�� I bears i�ecath ��S°�18'52" U11est � d�s��ce of 129.47 feet; T�6��k�� hl+arih ��°�1�'S�`° ��st {`fV�r�tf� 25�(�9'37" �as� - i�e�rJj al�� ti�� VG'��# I��€: caf saic# 2� �i5 ac�e €r�c# ��+�i ihe East �irr� �F �a�� E3��c� �, F�ar � di�ta�c� �a� 308.18 f��t �437.��J f�et - i�e��'J #s� � 1!� i�€ch i�r��a r�s� foun�l fc�r ��srr��r at t�� r�ras! W�st�r�y N�r1l�w�st ��rner ca� saic! 21.65 �cre [r�ct �nc� t�s� �i��`kh��st ��s�`n�r af s��d �1�ck 'I , s��i pes�t �Iso being in the South line of a 110' wide channel per the plat of Wimbleton Village Phase V, as recorded in Cabinet B, Page 309 of the Plat Records of Denton County, Texas; THENCE in a Southeasterly direction, along the North line of said 21.65 acre tract and the South line of said channel, and along a ncr�-P�ngent curve to the left having a central angle of 17°42'39", a r�dsus of 895.00 feet, �z s;hard ��ari'�ag of South 80��?'�5" East, a chord distance of 275.55 feet (275.43 feet - Deed) �nc! an arc length of 276.�5 f��t tc� a 1/2 inch iron rod found for corner at the beginning of a reverse curve to the right; , ��#��1�� n an ��st�:rly ciic�ctaan, ��nti�uirsg �I�+n� th� N�r�k� E�rre �f ��a� 2�,�r5 a�r� 4ract ar�c� �h� �auth (i�� rsf s�iri �h��n�9, �n� al�� s�ad ��v�rs� ��r�� tc� �h� r�sc�ht havinc� � ��ntr�� r��I� �f ��°�3"4�' � ��dius �� 2��?.2'9 f��i, � c;ht7r�J I��u�sg of �na�th��88°�6�'�6" I��st ��it�s`r� �3€st�n�� c�f 9'"� f�� f��# (�� 55 f�c�i - L3e�c�,� a��cN �n �e�t� �en�tl`� c�f �9 fib feet to a 1/2 inch iron rod found for corner at the Southeast �ai°€�� a6 s��d ��s�nr��C ��i�! ga��nt �I�tr ka��r�g �n inicri�r �Ef corner of said 21.65 acre tract; �"F�EI�� North Q2"��`�1" E��si (��aa�i� ��`1�`�9" ��st - Deed) along the East line oF s�id channel and the ��sf f�r�rther9y West I�n� af ��wd ��.�5 �a�r� ir��#, ��sr a c1��t�r�� of 110.01 feeY(110.00 feet -��,�ci� to a bent 1/2 inch i�e�r� r�e� fcatand for corn�r a� !he C��rth�a�t ��rn��` c�f sa�d ��i�r�rsel and the most Northerly Northwest corner of said 21.65 acre tra�t, said point also being in the South line of a called 34.36 acre tract of land described in a Deed to Jim/Heritage, L.P., as recorded in Document No. 2007-123418 of the Real Property Records of Denton County, Texas; THENCE South 87°46'04" East (Souih ��°46'16'° ��-�st x�e�c1� �lcar�� B�e N�rkfi� line of s�ic� 21.65 acre tract and the South line of said 34.36 acre tract, for a s�9stance c�� 62.t3� %�Y �i�� fe�t - C�eed) to � 6�d nail found for corner at an angle point; T��I�� aLatf� �t7'��'i��, ��t ��otttia 5t�°Z�'�i''" ��st - C��c�cl) �c�ntinuinc� �,f�at�g tl�� h�c�rih kin� �f s�6d �1.6� ��'� ir�€�t �nd fh� �b�rEY� 1ir�� r�F �� 34.3�r ��r� tr�c#, far• � ��st�� 4.4� ��€:t (�3�J.�� f�c�i - �7�eci� fiv � �J� in�� io�an e�rd vrr�tM� ��p �tai��rp��! �"�`hl�''" ��t f�r corrr�r �t ih� n�s�st ��t��ly ccsi�n�r af s�ir� ��.G� �cr� tr��k �r��i thc� �n�ast S�ukh�f'iy �ar€aew� c�f ��id ��4.�� cre t��ct, ��c1 �c�snt �Is�r b�ir�g i� �h� i��rthw�si I�n� �f Lcs# 1�, �loc� Fi p�� th� i��pl�# �f ��nt�n Lincoln-Mercury, as recorded in Document No. 2010-114 of the Plat Records of Denton County, Texas, from which a 5/8 inch ��ped iron rod found for the most N�rt�i�rly corner of said Lot 1 R and the most Easterly corner of said 34.36 acre #r�ct bears North 51 °31'31" East a di�i�n�� of 712.85 feet; THENCE South 51°31'31" West (S€�t��Ya 51°32'17`" l+lY�st - Deed) along t�� Southeast 1in� of said 21.65 acre tract and the Northwest line of said Lot 1�, p�s�ing a 5/8 inch iron rod found f�r tt�e most We�t�rly corner of said Lot 1 R and tl�� mc��t Nc�rt��rly �c��°n�� f � t�� f�nd c€�nv�yed t� ��ni�n Ind�p�n��nt ��h�s�l I�is#rict, ��e C��d recc�r�i�d irr [7�c��n��nt P�a. �t��7��3� �a� i�� eal �r��rty Rec,crrds �f [��rsion C�uniy, ��x�s, �t � �iist�nr..� vf 1 �:�Q f��t, a��d cor�lin�in� aEs�nc� th� ��ut�'�a�f Iin� �# ��id 21.�5 �cr� tr�c:t ��d tf�� N�r€P�wes� l�n� t�� said �i�ntcsr� Ind�p�n�ent ��h�rr�l [�istrR�t tra�, f�r a tiat�l di�ia�� Q� �42.i� fe�t (��41.�� fe�t - t7eedj tcz � 5t� sr�ch ir�n �� +�ith cap �i�rn{��d ��T��'" set f�� corner �t tl�� Sca��tk��st c�rner of s�id 2ti.65 a�r� tr�ci, saici �s�int �Ic�r�g b�a�+� ir� �k�� North lin� of a caMl�d 52.3��7 acre tr�� af I��d d�scri�� as T�°a�i �'vsrv in �[��e�1 te� i��km�ant �It�n�r��rr��i ��r�,, as re��arr��d °sn Volume 3415, Page 839 of the Real Property Records of Denton County, Texas; THENCE Narth 37 1�'4�" U�t�st (N��tla 37 �F708 Ulr'�s!' - D��r�,1 al�r�� the a�e�t}�erly line ca� ��i�l 21.65 acre tract and 6 1 G I ll the Northerly line of ��p�! s�.�[�9i acr� �ract, for a di�t�nce r�f 147.�� feet (?�7,G� feet - l��ac��} to a 1/2 inch iron rod found for corner at an angle point; THENCE South 84`�3'10" West (South �4°(7i7`32" W"��t - d�eec�J cantinuin� �1�art� th� ��utherly lin� �f said 21.65 �� tract and the Nartherty line af said 52.3t]�� cr� tra�t, f�r � distance of �84.�Ct f�et (�'i�.89 feet -�7�e�j to a 5/8 in�h iron rod with cap stamped "TNP" set for corner; THENCE North 12°26'46" West departing the Southerly line of said 21.65 acre tract and the Northerly line of said 52.3097 acre tract, for a distance of 251.09 feet ta a 5/8 inch iron rad with cap stamped "TNP" set for corner; THENCE South 73 17'46 West far a distance of 187.97 feet to a 5/8 inch iron rod with cap stamped "TNP" set for o �� c�srn�r �n a�-� is�teri�r W�sf lin� �f said �1.C� �cr� trac4 said point also being within Winston C�rMve, a 60' vsrlc�� reght-c�f� way p�r s�id Pl�t vi INi�bl�t�az Villag� I�h�� I, F�`s�m �!-�kch a 1/2 inch iron rod found in the �c�u�F� line of s�ic� �'Vin�t�r� �1riv� b��rs ��4€t �2m�CY`��" ��st a dist�sr�� t' �.2� fe�k; TH�hI�� d�rtF� 12°�C�°�6" L�i�st (�Irxr�Fh t�"�:�'��"' West - DcerJ) along an interiar 1Nest line of said 21.65 acr•e tract, far a��st�nc� �f a1.71 fe�t (�f7.�4� f�a�rt m I��€;�`�) t� � 1/2 inch ira�n rod found for cr�rrrer in the North line of ��i� Winston Drive; THENCE South 7i�'��'44" West (South 77°25'28" Wesf - Deed) along the North line of said Winston Drive, for a distance of 34.61 f'��i (34.61 feet - Deed) to a 5/8 inch iron rod with cap stamped "TNP" set for corner at the beginning of a curve to the right; THENCE in a Southwesterly direction, along the North line of said Winston Drive, and along said curve to the right h��sr�g � c�r�tr�l a��l� of d��`"4�'2�"� a radius of 9�� 8i f�aet, a c17ar� t��r�n� cr6 �a�t� E3Cl"?�7"�9" �^^u'�s�, a��r�rr� d`€�tara�� of i�4:�6 f�et (27i �1 feet - Deed) and an �rc I�r�gtl� oi '3C1�4.ii F��t to ��1� �rach �r�n �°�r� witl� �ap staer�p�d "TNP" set for corner at the Southeast corner of the above c�� 1.�7 ��r� trar�t �c�r�vey�'cI ��a t�r�Yx �t�ild�r� L!_C; �-��p�� #�� &3�°��°� if�p�st {�U�rij� i7�°3,�°t?°1'' �+�^�st _ t�ec��fj d�p��ling the North line of said Winston Driv�, and �f�� t�s� �asi Ntn� c�f s�ie� �.3f a�� te�ct, ��r � cli�tan�� oF �2.C�.4�0 �� {`120.00 feet - Deed) to a 5/8 inch iron r�� with �;�� t�arr��a�c9 �"t��" ��i �s�r �;ara�e�° at if�� eth��awt c�rrr��r c�f said 1.37 acre tract; THENCE South 85°17'29" West (South 85°21'S1" West - Deed) along the North line of said 1.37 acre tract, for a distance of 58.01 feet (58.01 feet - Deed) to a 5/8 inch iron rod with cap stamped "7NP" set for corner; THENCE �r�� 89°05'�1�`" ��4 � sra�.at#t ��°09';ff�'" West - L�ee�lj continuing along the North line of said 1.37 acre tract, for a d�s��ce of 5�.[71 �e�# {��.�'J f��t - De��J,� to a 5/� i��Er iron rod with cap stamped "TNP" set for corner; THENCE North 87°03'36" West (North 86°58'44" West - D��c+J continuing along the North line af said 1.37 acre tract, for a distance of 346.65 feet (346.78 feef - Deed) to the P�:�NT OF BEGINNING, and containing 17.027 acres of land, more or less. File No.: 155560 OWNER'S POLiCY OF TITLE INSURANCE (Form T-1) Issued by TITLE RESOURCES GUARANTY COMPANY F�+3:1��111��.� EXCEPTIONS FROM COVERAGE Policy No.: 103-0-155560 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 and easements, if any, shown in Schedule A, and the following matters: 1. The following restrictive covenants of record itemized below (the Company must either insert specific recording data or delete this exception): Restrictive covenants filed November 1, 1994, recorded under CC# 94-R0082216, Real Property Records of Denton County, Texas; Restrictive covenants filed November 1, 1994, recorded under CC# 94-R0082221, Real Property Records of Denton County, Texas; Amended and Restated Master Declaration of Covenants, Conditions and Restrictions filed October 10, 1995, under CC# 95-R0063857, Real Property Records of Denton County, Texas; omitting any covenant or restriction based on race, color, religion, sex, handicap, familial status or national origin unless and only to the extent that said covenant (a) is exempt under Chapter 42, section 3607 of the United States Code or (b) relates to handicap but does not discriminate against handicapped persons. ► « • .�- . -, a _�.rr,� .. � � .,� ¢ . �� ,� _ � � . � o ^ . � � �•� �,� � 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 Form T-1: Owner's Policy of Title Insurance Page 2 Continuation of Schedule B Policy No. 103-0-155560 (e) to the area extending from the line of inean 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 2015, and subsequent years; and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership, but not those taxes or assessments for prior years because of an exemption granted to a previous owner of the property under Section 11.13, Texas Tax Code, or because of improvements not assessed for a previous tax year. 6. The following matters and all terms of the documents creating or offering evidence of the matters (The Company must insert matters or delete this exception).: (a) Easement executed by JOE B. AKERS and wife, AMA BETTY AKERS to TEXAS POWER & LIGHT COMPANY filed April 5, 1945, recorded in Volume 313, Page 356, Deed Records of Denton County, Texas as shown on revised survey dated August 7, 2015, prepared by Todd B. Turner, RPLS #4859. (b) Easement executed by THOMAS E. NOEL and wife, FAMA C. NOEL to TEXAS POWER & LIGHT COMPANY filed August 17, 1951, recorded in Volume 373, Page 242, Deed Records of Denton County, Texas as shown on revised survey dated August 7, 2015, prepared by Todd B. Turner, RPLS #4859. (c) Easement executed by WALTER M. LEA and wife, JANE C LEA to TEXAS POWER & LIGHT COMPANY filed January 5, 1965, recorded in Volume 517, Page 518, Deed Records of Dentan County, Texas as shown on revised survey dated August 7, 2015, prepared by Tadd B. Turner, RPLS #4859. (d) 50' Drainage Easement executed by OAKMONT CANADIAN LAND PARTNERS, LTD. to TOWN OF CORINTH, Texas filed July 11, 1995, recorded under CC# 95-R0040777, and filed December 15, 1995, under CC# 95-R0077909,Real Property Records af Denton County, Texas as shown on revised survey dated August 7, 2015, prepared by Todd B. Turner, RPLS #4859. (e) Easement executed by JOE B. AKERS and AMA BETTY AKERS ta SINCLAIR REFINING COMPANY, a Maine Corporatian filed December 18, 1947, recorded in Volume 341, Page 194, Deed Records of Denton County, Texas. Assignment and Assumption Agreement filed October 3, 1994, under CC# 94-R0075562, Real Property Records of Denton Caunty, Texas as shown on revised survey dated August 7, 2015, prepared by Tadd B. Turner, RPLS #4859. (f) Easement executed by CALUSA DEVELOPMENT, INC. to TEXAS POWER & LIGHT COMPANY filed February 25, 1981, recorded in Valume 1062, Page 62, Deed Records of Denton County, Texas as shown on revised survey dated August 7, 2015, prepared by Todd B. Turner, RPLS #4859. Form T-1: Owner's Policy of Title Insurance Page 3 • . • • '•' ' i �• • 1 • .1 • " • • •' • • • • > • - • • • • • •': • � • • -• � • ' • -• •'. -� � • 1 r - •. -• • ' •• •��'! •' • . • . --a • -. • • � ' • - •. _ � • • . ' • , . _ • _ • -' • • - -• -` •. -•; ' •' 1 • - • . - � r' • •'• - �I' � - - �- r-• -• � a 1 ,' 1 ' : � : ' - .', ' • r- '' - • • • ■ - •, • - . - r r •' -• • -• - r � � _ .*; �,j _ , , -,�. preferential transfer under federal bankruptcy, state insolvency or similar creditors' rights laws by reason of the failure of its recording in the Public Records: (i) to be timely, or (ii) to impart notice of its existence to a purchaser for value or a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. The Company will also pay the costs, attorneys' fees and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. ,� �, �� f�., � Title Resources Guaranty Corapauy , � � �, ��" 1 �r.�r c�-C r�f� t ''��. � '` `'� x'4; �'��'. By; . . .. - -- �„r''+�rr � 1'n�e �aayry¢i r �` '� � "-� `� � Execuiave 41a;a �'f+a�l�;ini9 � ... .. �� R ��,�, §�� , � �� m � �� p�d��' �� ID, - � 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, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting or relating to: (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions or location of any improvement erected on the Land; (ii) subdivision of land; or (iii) environmental protection; or the effect of any violation of these laws, ordinances or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 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 to the Company by the Insured Claimant prior to 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 (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4.Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule A, is: (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5.Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 6.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 Unmarketable Title. Form T-1: Owner's Policy of Title Insurance (For Use Only in Texas) Effective 1/03/2014 CONDITIONS 1. DEFINITION OF TERMS. The following terms when used in this policy mean: (a) "Amount of Insurance": the amount stated in Schedule A, as may be increased or decreased by endorsement to this policy, increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. (b) "Date of Policy": The date designated as "Date of Policy" in Schedule A. (c) "Entity": A corporation, partnership, trust, limited liability company or other similar legal entity. (d) "Insured": the Insured named in Schedule A. (i) The term "Insured" also includes: (A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees, survivors, personal representatives or next of kin; (B) successors to an Insured by dissolution, merger, consolidation, distribution or reorganization; (C) successors to an Insured by its conversion to another kind of Entity; (D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title; (1) If the stock, shares, memberships, or other equity interests of the grantee are wholly-owned by the named Insured, (2) If the grantee wholly owns the named Insured, (3) If the grantee is wholly-owned by an affiliated Entity of the named Insured, provided the affiliated Entity and the named Insured are both wholly-owned by the same person or Entity, or (4) If the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in Schedule A for estate planning purposes. (ii) With regard to (A), (B), (C) and (D) reserving, however, all rights and defenses as to any successor that the Company would have had against any predecessor Insured. (e) "Insured Claimant": an Insured claiming loss or damage. (fl "Knowledge" or "Known": actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by reason of the Public Records or any other records that impart constructive notice of matters affecting the Title. (g) "Land": the land described in Schedule A, and affixed improvements that by law constitute real property. The term "Land" does not include any property beyond the lines of the area described in Schedule A, nor any right, title, interest, estate or easement in abutting streets, roads, avenues, alleys, lanes, ways or waterways, but this does not modify or limit the extent that a right of access to and from the Land is insured by this policy. (h) "Mortgage": mortgage, deed of trust, trust deed, or other security instrument, including one evidenced by electronic means authorized by law. (i) "Public Records": records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), "Public Records" shall also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is located. (j) "Title": the estate or interest described in Schedule A. (k) "Unmarketable Title": Title affected by an alleged or apparent matter that would permit a prospective purchaser or lessee of the Title or lender on the Title to be released from the obligation to purchase, lease or lend if there is a contractual condition requiring the delivery of marketable title. 2. CONTINUATION OF INSURANCE. The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title. This policy shall not continue in force in favor of any purchaser from the Insured of either (i) an estate or interest in the Land, or (ii) an obligation secured by a purchase money Mortgage given to the Insured. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a) below, or (ii) in case Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy. If the Company is prejudiced by the failure of the Insured Claimant to provide prompt notice, the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the prejudice. 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 insured by this policy that is not excluded or excepted from the coverage of this policy, the Company shall promptly investigate the charge to determine whether the lien, encumbrance, adverse claim or defect or other matter is valid and not barred by law 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 Insured's 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 Form T-1: Owner's Policy of Title Insurance (For Use Only in Texas) Effective 1/03/2014 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: (i) institute the necessary proceedings to clear the lien, encumbrance, adverse claim or defect from the Title as insured; (ii) indemnify the Insured as provided in this policy; (iii) upon payment of appropriate premium and charges therefore, issue to the Insured Claimant 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 Land or, if a loan policy, the amount of the loan; (iv) indemnify another title insurance company in connection with its issuance of a policy(ies) of title insurance without exception for the lien, encumbrance, adverse claim or defect; (v) secure a release or other document discharging the lien, encumbrance, adverse claim or defect; or (vi) undertake a combination of (i) through (v) herein. 4. PROOF OF LOSS. In the event the Company is unable to determine the amount of loss or damage, the Company may, at its option, require as a condition of payment that the Insured Claimant furnish a signed proof of loss. The proof of loss must describe the defect, lien, encumbrance or other matter insured against by this policy that constitutes the basis of loss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. 5. DEFENSE AND PROSECUTION OF ACTIONS. (a) Upon written request by the Insured, and subject to the options contained in Sections 3 and 7 of these Conditions, the Company, at its own cost and without unreasonable delay, shall provide for the defense of an Insured in litigation in which any third party asserts a claim covered by this policy adverse to the Insured. This obligation is limited to only those stated causes of action alleging matters insured against by this policy. The Company shall have the right to select counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those stated causes of action. It shall not be liable for and will not pay the fees of any other counsel. The Company will not pay any fees, costs or expenses incurred by the Insured in the defense of those causes of action that allege matters not insured against by this policy. (b) The Company shall have the right, in addition to the options contained in Sections 3 and 7, at its own cost, to institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title, as insured, or to prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy, whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any provision of this policy. If the Company exercises its rights under this subsection, it must do so diligently. (c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the litigation to a final determination by a court of competent jurisdiction and it expressly reserves the right, in its sole discretion, to appeal from any adverse judgment or order. 6. DUTY OF INSURED CLAIMANT TO COOPERATE. (a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding and any appeals, the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding, including the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the Company, the Insured, at the Company's expense, shall give the Company all reasonable aid (i) in securing evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the Title or any other matter as insured. If the Company is prejudiced by the failure of the Insured to furnish the required cooperation, the Company's obligations to the Insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such cooperation. (b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of the Company and to produce for examination, inspection and copying, at such reasonable times and places as may be designated by the authorized representative of the Company, all records, in whatever medium maintained, including books, ledgers, checks, memoranda, correspondence, reports, e-mails, disks, tapes, and videos whether bearing a date before or after Date of Policy, that reasonably pertain to the loss or damage. Further, if requested by any authorized representative of the Company, the Insured Claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect and copy all of these records in the custody or control of a third party that reasonably pertain to the loss or damage. All information designated as confidential by the Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under oath, produce any reasonably requested information or grant permission to secure reasonably necessary information from third parties as required in this subsection, unless prohibited by law or governmental regulation, shall terminate any liability of the Company under this policy as to that claim. 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY. In case of a claim under this policy, the Company shall have the following additional options: Form T-1: Owner's Policy of Title Insurance (For Use Only in Texas) Effective 1/03/2014 (a) To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the Amount of Insurance under this policy together with any costs, attorneys' fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that the Company is obligated to pay. Upon the exercise by the Company of this option, all liability and obligations of the Company to the Insured under this policy, other than to make the payment required in this subsection, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation. (b) To Pay or Otherwise Settle With Parties Other than the Insured or With the Insured Claimant. (i) to pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under this policy. In addition, the Company will pay any costs, attorneys' fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay; or (ii) to pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy, together with any costs, attorneys' fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and that the Company is obligated to pay. Upon the exercise by the Company of either of the options provided for in subsections (b)(i) or (ii), the Company's obligations to the Insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute or continue any litigation. 8. DETERMINATION AND EXTENT OF LIABILITY. This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has suffered loss or damage by reason of matters insured against by this policy. (a) The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of: (i) the Amount of Insurance; or (ii) the difference between the value of the Title as insured and the value of the Title subject to the risk insured against by this policy. (b) If the Company pursues its rights under Section 3 or 5 and is unsuccessful in establishing the Title, as insured, (i) the Amount of Insurance shall be increased by 10°/a, and (ii) the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the Insured Claimant or as of the date it is settled and paid. (c) In addition to the extent of liability under (a) and (b), the Company will also pay those costs, attorneys' fees and expenses incurred in accordance with Sections 5 and 7 of these Conditions. 9. LIMITATION OF LIABILITY. (a) If the Company establishes the Title, or removes the alleged defect, lien or encumbrance, or cures the lack of a right of access to or from the Land, all as insured, or takes action in accordance with Section 3 or 7, in a reasonably diligent manner by any method, including litigation and the completion of any appeals, it shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. (b) In the event of any litigation, including litigation by the Company or with the Company's consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals, adverse to the Title, as insured. (c) The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in settling any claim or suit without the prior written consent of the Company. 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY. All payments under this policy, except payments made for costs, attorneys' fees and expenses, shall reduce the Amount of Insurance by the amount of the payment. 11. LIABILITY NONCUMULATIVE. The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is taken in Schedule B or to which the Insured has agreed, assumed, or taken subject or which is executed by an Insured after Date of Policy and which is a charge or lien on the Title, and the amount so paid shall be deemed a payment to the Insured under this policy. 12. PAYMENT OF LOSS. When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be made within 30 days. 13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT. (a) Whenever the Company shall have settled and paid a claim under this policy, it shall be subrogated and entitled to the rights of the Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person or property, to the extent of the amount of any loss, costs, attorneys' fees and expenses paid by the Company. If requested by the Company, the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies. The Insured Claimant shall permit the Company to sue, compromise or settle in the name of the Insured Claimant and to use the name of the Insured Claimant in any transaction or litigation involving these rights and remedies. If a payment on account of a claim does not fully cover the loss of the Insured Claimant, the Company shall defer the exercise of its right to recover until after the Insured Claimant shall have recovered its loss. Form T-1: Owner's Policy of Title Insurance (For Use Only in Texas) Effective 1/03/2014 (b) The Company's right of subrogation includes the rights of the Insured to indemnities, guaranties, other policies of insurance or bonds, notwithstanding any terms or conditions contained in those instruments that address subrogation rights. 14. ARBITRATION. Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ("Rules"). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. 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 in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured, unless the Insured is an individual person (as distinguished from an Entity). All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT. (a) This policy together with all endorsements, if any, attached to it 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 that arises out of the status of the Title or by any action asserting such claim, shall be restricted to this policy. (c) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly incorporated by Schedule A of this policy. (d) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior endorsement, (iii) extend the Date of Policy or (iv) increase the Amount of Insurance. Each Commitment, endorsement or other form, or provision in the Schedules to fihis policy that refers to a term defined in Section 1 of the Conditions shall be deemed to refer to the term regardless of whether the term is capitalized in the Commitment, endorsement or other form, or Schedule. Each Commitment, endorsement or other form, or provision in the Schedules that refers to the Conditions and Stipulations shall be deemed to refer to the Conditions of this policy. 16. SEVERABILITY. In the event any provision of this policy, in whole or in part, is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision or such part held to be invalid and all other provisions shall remain in full force and effect. 17. CHOICE OF LAW; FORUM. (a) Choice of Law: The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the premium charged therefor in reliance upon the law affecting interests in real property and applicable to the interpretation, rights, remedies or enforcement of policies of title insurance of the jurisdiction where the Land is located. Therefore, the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims against the Title that are adverse to the Insured, and in interpreting and enforcing the terms of this policy. In neither case shall the court or arbitrator apply its conflicts of laws principles to determine the applicable law. (b) Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or federal court within the United States of America or its territories having appropriate jurisdiction. 18. NOTICES, WHERE SENT. Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to the Company at 8111 LBJ Freeway, Suite 1200, Dallas, Texas 75251. Form T-1: Owner's Policy of Title Insurance (For Use Only in Texas) Effective 1/03/2014 �� ,j IMPORTANT NOTICE To obtain information or make a complaint: You may call Title Resources Guaranty Company's toll-free telephone number for information or to make a complaint at: 1-800-526-8018 You may also write to Title Resources Guaranty Company at: Attention: Claims Department 8111 LBJ Freeway, Suite 1200 Dallas, TX 75251 You may contact the Texas Department of Insurance to obtain information on companies, coverages, rights or complaints at: 1-800-252-3439 You may write the Texas Department of Insurance: P. O. Box 149104 Austin, TX 78714-9104 Fax: (512) 475-1771 Web: http://www.tdi.state.tx.us E-mail: ConsumerProtection@tdi.state.tx.us PREMIUM OR CLAIM DISPUTES: Should you have a dispute concerning your premium or about a claim you should contact the company first. If the dispute is not resolved, you may contact the Texas Department of Insurance. ATTACH THIS NOTICE 70 YOUR POLICY: This notice is for information only and does not become a part or condition of the attached document. 28 TAC §1.601(a)(3) AVISO IMPORTANTE Para obtener informacion o para someter una queja: Usted puede Ilamar al numero de telephono gratis de Title Resources Guaranty Company's para informacion o para someter una queja al: 1-800-526-8018 Usted tambien puede escribir a Title Resources Guaranty Company at: Attention: Claims Department 8111 LBJ Freeway, Suite 1200 Dallas, TX 75251 Puede comunicarse con el Departamento de Seguros de Texas para obtener informacion acerca de companias, coberturas, derechos o quejas al: 1-800-252-3439 Puede escribir al Departamento de Seguros de Texas: P. O. Box 149104 Austin, TX 78714-9104 Fax: (512) 475-1771 Web: http://www.tdi.state.tx.us E-mail: ConsumerProtection@tdi.state.tx.us DISPUTAS SOBRE PRIMAS O RECLAMOS: Si tiene una disputa concerniente a su prima o a un reclamo, debe comunicarse con la compania primero. Si no se resuelve la disputa, puede entonces comunicarse con el departamento (TDI). UNA ESTE AVISO A SU POLIZA: Este aviso es solo para proposito de informacion y no se convierte en parte o condicion del documento adjunto. Title Resources Guaranty Company Privacy Po�icy NotNce PURPOSE OF THIS NOTICE Title V of the Gramm-Leach-Bliley Act (GLBA) generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a notice of its privacy policies and practices, such as the type of information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices of Title Resources Guaranty Company. We may collect nonpublic personal information about you from the following sources: • Information we receive from you such as on applications or other forms. • Information about your transactions we secure from our files, or from our a�liates or others. • Information we receive from a consumer reporting agency. • Information that we receive from others involved in your transaction, such as the real estate agent or lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the above information that we collect about our customers or former customers to our affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this information about our customers or former customers to the following types of nonaffiliated companies that pertorm marketing services on our behalf or with whom we have joint marketing agreements: • Financial service providers such as companies engaged in banking, consumer finance, securities and insurance. • Non-financial companies such as envelope stuffers and other fulfillment service providers. WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. . � . Privacy Policy Notice � .�� 1 � ,1 Title V of the Gramm-Leach-Bliley Act (GLBA) generally prohibits any financial institution, directly or through its affiliates, from sharing nonpublic personal information about you with a nonaffiliated third party unless the institution provides you with a natice of its privacy policies and practices, such as the type af information that it collects about you and the categories of persans or entities to whom it may be disclosed. In campliance with the GLBA, we are providing you with this document, which notif�es yau of the privacy policies and practices of TITLE RESOURCES, LLC. ("TITLE SOURCES"). We may callect nonpublic personal information about you from the following sources: • Information we receive from you, such as an applications or other forms. • Information about yaur transactions we secure from our files, or from our affliates or others. • Information we receive from a consumer-reporting agency. • Information that we receive fram others invo(ved in your transaction, such as the real estate agent ar lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic personal information will be collected about you. We may disclose any of the abave informatian that we collect about our customers or former customers to aur affiliates or to nanaf�liated third parties as permitted by law. We alsa may disclose this information about our customers or former customers to the following types of nonaffiliated companies that perform marketing services on our behalf or with whom we have joint marketing agreements: • Financial service praviders such as companies engaged in banking, consumer finance, securities and insurance. • Non-financial companies such as envelope stuffers and other fulfillment service providers. WE DO NOT DI5CLOSE ANY NONPUBLIC PERSONAL INFO ATION ABOUT YOU WITH ANYONE FOR ANY PURPOSE THAT IS NOT SPECIFICALLY PERMITTED BY LAW. We restrict access to nonpublic personal information about you ta those employees who need to knaw that information in order ta provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations ta guard your nonpublic personal information. Title Resources Guaranty Company Privacy Policy Notice ' `'�_ 1 1 Title V of the Gramm-Leach-Bliley Act (GLBA) generally prohibits any financial institution, directly or through its affiliates, fram sharing nonpublic personal infarmation about yau with a nonaffiliated third party unless the institution pravides yau with a notice of its privacy policies and practices, such as the type af information that it collects about you and the categories of persons or entities to whom it may be disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you of the privacy policies and practices af Title Resources Guaranty Company We may collect nonpublic personal information about you from the following sources: • Information we receive from you, such as on applications or other forms. • Information about your transactions we secure from aur files, or fram our affiliates or others. • Informatian we receive from a consumer reparting agency. • Information that we receive from others involved in your transactian, such as the real estate agent or lender. Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nanpublic personal information will be collected about you. We may disclose any of the above information that we collect about our customers or former customers to aur affiliates or to nonaffiliated third parties as permitted by law. We also may disclose this information about our customers or former customers to the following types of nonaffiliated companies that perform marketing services on our behalf or with wham we have joint marketing agreements: • Financial service providers such as companies engaged in banking, consumer finance, securities and insurance. • Non-financial campanies such as envelope stuffers and other fulfillment service providers. I �; � ; I ; � � � � R, . � ♦ � � � • . � ! � !" ' •'� � ' ' ' 1 i' . '� We restrict access to nonpublic personal information about you to those employees who need to knaw that information in order to provide products or services to you. We maintain physical, electronic, and procedural safeguards that camply with federal regulations to guard your nonpublic personal information. G.F. Number 155560 IMPORTANT NOTICE To obtain information or make a complaint: 1. You may contact your title insurance agent at 940-381-1006. 2. You may call Title Resources Guaranty Compan�ls toll-free telephone number for information or to make a complaint: Title Resources Guaranty Company. 3. You may also write to Title Resources Guaranty Company at Title Resources Guaranty Company. 4. You may contact the Texas Department of Insurance to obtain information on companies, coverages, rights or complaints at 1-800-252-3439. 5. You may write the Texas Department of Insurance, P.O. Box 149104 Austin, TX 78714-9104 Fax: (512) 475-1771 Web: http://www.tdi.state.tx.us . E-mail: ConsumerProtection@.tdi.state.tx.us PREMIUM OR CLAIM DISPUTES: Should you have a dispute concerning your premium or about a claim you should contact the title insurance agent first. If the dispute is not resolved, you may contact the Texas Department of Insurance. ATTACH THIS NOTICE TO YOUR POLICY: This notice is for information only and does not become a part or condition of the attached document. AVISO IMPORTANTE Para obtener informacion o para someter una queja: 1. Puede comunicarse con su agente de seguro de titulo al 940-381-1006. 2. Usted puede Ilamar al numero de telefono gratis de Title Resources Guaranty Company's para informacion o para someter una queja al Title Resources Guaranty Company. 3. Usted tambien puede escribir a Title Resources Guaranty Company: Title Resources Guaranty Company. 4. Puede comunicarse con el Departamento de Seguros de Texas para obtener informacion acerca de companias, coberturas, derechos o quejas al: 1-800-252-3439 5. Puede escribir al Departamento de Seguros de Texas: P.O. Box 149104 Austin, TX 78714-9104 Fax: (512) 475-1771 Web: http://www.tdi.state.tx.us E-mail: ConsumerProtection@tdi.state.tx.us DISPUTAS SOBRE PRIMAS O RECLAMOS: Si tiene una disputa concerniente a su prima o a un reclamo, debe comunicarse con el agente de seguro de titulo primero. Si no se resuelve la disputa, puede entonces comunicarse con el departamento (TDI). UNA ESTE AVISO A SU POLIZA: Este aviso es solo para proposito de informacion y no se convierte en parte o condicion del documento adjunto.