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2015-244s:\water engineering\engr\real estate\projects\raw shared\projects\fire staYion 4\wiflbams rentals llc\offer\wifliams rentals flc acquisition ordinance(r�lo}.doc ORDINANCE NO. 2O 15-244 AN ORDINANCE FINDING THAT A PUBLIC USE AND NECESSITY EXISTS TO ACQUIRE FEE SIMPLE TO (1) A 0.529 ACRE TRACT AND (2) A 0.480 ACRE TRACT, BOTH TRACTS LOCATED IN THE S. MCCRACKEN SURVEY, ABSTRACT NUMBER 817, IN THE CITY OF DENTON, DENTON COUNTY, TEXAS, AS MORE PARTICULARLY DESCRIBED ON EXHIBIT "A", ATTACHED HERETO AND MADE A PART HEREOF, LOCATED GENERALLY IN THE 2200 BLOCK OF EAST SHERMAN STREET (THE "PROPERTY INTERESTS"), FOR THE PUBLIC USE OF CONSTRUCTION OF FIRE STATION NUMBER 4, AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO MAKE AN OFFER TO (1) WILLIAMS RENTALS, LLC, A TEXAS LIMITED LIABILITY COMPANY (THE "OWNER"); (2) SUCCESSORS IN 1NTEREST TO THE OWNER TO THE PROPERTY INTERESTS; OR (3) ANY OTHER OWNERS OF THE PROPERTY INTERESTS, AS MAY BE APPLICABLE, TO PURCHASE THE PROPERTY 1NTERESTS FOR THE PURCHASE PRICE OF TWO HUNDRED THIRTY THREE THOUSAND FIVE HUNDRED DOLLARS AND NO/CENTS ($233,500.00), AND OTHER CONSIDERATION, AS PRESCRIBED IN THE PURCHASE AGREEMENT (THE "AGREEMENT"), AS ATTACHED HERETO AND MADE A PART HEREOF AS EXHIBIT "B"; AUTHORIZING THE EXPENDITURE OF FUNDS THEREFOR; MAKING FINDINGS; AUTHORIZING RELOCATION EXPENSES AND ADVISORY SERVICES, IF APPLICABLE; PROVIDING A SAVINGS CLAUSE; AND PROVIDING AN EFFECTIVE DATE. (FIRE STATION NO. 4 REBUILD PROJECT) WHEREAS, after due consideration of the public interest and necessity and the public use and benefit to accrue to the City of Denton, Texas: THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. The City Council finds that a public use and necessity exists, and that the public welfare and convenience require the acquisition of the Property Interests by the City of Denton, Texas (the "City"). The City Council hereby finds and determines that the acquisition of the Property Interests is necessary for public use to provide fire and emergency medical service to serve the public and the citizens of the City of Denton, Texas. SECTION 2. The City Manager, or his designee, is hereby authorized to make a formal offer to purchase the Property Interests to (i) the Owner; (ii) any and all of Owner's successors in interest to the Property Interests; or (iii) any other parties who may own any interest in the Property Interests, as may be applicable. SECTION 3. The City Manager is authorized to make expenditures in accordance with Ordinance No. 2012-073, dated April 17, 2012, pertaining to relocation related expenses and advisory services, if applicable. SECTION 4. The City Manager, or his designee, is hereby authorized to (a) execute for and on behalf of the City (i) the Agreement, by and between the City and Owner, or other owners of the Property Interests, as applicable, in the form attached hereto and made a part hereof as Exhibit "B", with a purchase price of $233,500.00 and other consideration, plus costs and expenses, all as prescribed in the Agreement; and (ii) any other documents necessary for closing the transaction contemplated by the Agreement; and (b) make expenditures in accordance with the terms of the Agreement. SECTION 5. The City Manager, or his designee, is directed, by certified mail, return receipt requested, to disclose to Owner, or other owners of the Property Interests, as applicable, any and all appraisal reports produced or acquired by the City relating specifically to the Owner's property and prepared in the 10 years preceding the date of the offer made by the Agreement. SECTION 6. The offer to Owner, or other owners of the Property Interests, as applicable, shall be made in accordance with all applicable law. SECTION 7. If any section, article, paragraph, sentence, phrase, clause or word in this ordinance, or application thereof to any persons or circumstances, is held invalid or unconstitutional by a court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this ordinance; the City Council declares that it would have ordained such remaining portion despite such invalidity, and such remaining portion shall remain in full force and effect. SECTION 8. This ordinance shall become effective immediately upon its passage and ........�..� . approval. PASSED AND APPROVED this the �� day of �� e�� , w� 2015. � � � ��. � ��ba� � �:� �.. _�. ..��...� �„��....�.e �" ��"�� WATTS, MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY � � By: � ° ,� �. � � �,�,;�. ��" ..... a.. � �� 11'1'�"�,� f;l� �"�.. TO LEGAL FORM: � ANITA ��[W�1�C�:L��S, CITY ATTORNEY BY; . �' �......�..�.,. � ��'� �� Exhibit A - Property Interests TRACTI: BEING all that certain lot, tract, or parcel of land situated in the S. McCracken Survey, Abstract Number 817, in the City of Denton, Denton County, Texas, being a part of that certain tract of land conveyed by deed from Walter B. McClurkan, Trustee, to W.E. Williams recorded in Volume 316, Page 426, Deed Records, Denton County, Texas, and being more particularly described as follows: BEGINNING at an iron rod found for corner in the Southeast line of Sherman Drive, a public roadway, said point being the Northwest corner of that certain tract of land conveyed by deed from Peggy J. Morris to Winston C. Moore and Peggy Ann Moore recorded under Clerk's File No. 96-R0022090, Official Public Records of Real Property, Denton County, Texas; THENCE North 29 degrees 08 minutes 06 seconds East, 165.43 feet with Southeast line of said Sherman Drive to an iron rod set for corner; THENCE South 70 degrees 07 minutes 08 seconds East, 144.61 feet to an iron rod set for corner in the West line of Block A of Cambridge Square Subdivision, an addition to the City of Denton, Denton County, Texas, according to the plat thereof recorded in Volume 4, Page 38, Plat Records, Denton County, Texas; THENCE South 01 degree 15 minutes 46 seconds West, 104.83 feet with said West line of said Block A of said Cambridge Square Subdivision to an iron rod found for corner, said point being the Northeast corner of said Moore tract; THENCE North 87 degrees 27 minutes 55 seconds West, 214.44 feet with the North line of said Moore tract to the PLACE OF BEGINNING and containing 0.529 acre of land. TRACT II: BEING all that certain lot, tract, or parcel of land situated in the S. McCracken Survey, Abstract Number 817, in the City of Denton, Denton County, Texas, being a part of that certain tract of land conveyed by deed from Walter B. McClurkan, Trustee, to W.E. Williams recorded in Volume 316, Page 426, Deed Records, Denton County, Texas, and being more particularly described as follows: COMMENCING at an iron rod found for corner in the Southeast line of Sherman Drive, a public roadway, said point being the Northwest corner of that certain tract of land conveyed by deed from Peggy J. Morris to Winston C. Moore and Peggy Ann Moore recorded under Clerk's File No. 96-R0022090, Official Public Records of Real Property, Denton County, Texas; THENCE North 29 degrees 08 minutes 06 seconds East, 165.43 feet with Southeast line of said Sherman Drive to an iron rod set for PLACE OF BEGINNING; THENCE North 20 degrees 08 minutes 06 seconds East, 293.14 feet with said Southeast line of said Sherman Drive to an iron rod set found for corner in the West line of Block A of Cambridge Square Subdivision, an addition to the City of Denton, Denton County, Texas, according to the plat thereof recorded in Volume 4, Page 38, Plat Records, Denton County, Texas; THENCE South 01 degree 15 minutes 46 seconds West, 305.31 feet with said West line of said Block A of Cambridge Square Subdivision to an iron rod set for corner; THENCE North 70 degrees 07 minutes 08 seconds West, 144.61 feet to the PLACE OF BEGINNING and containing 0.480 acre of land. PURCHASE AGREEMENT NOTICE YOU, AS OWNER OF THE PROPERTY (AS DEFINED 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 � � , 2015, but effective as of the date provided below, between WILLIAM� RENTALS, LLC (referred to herein as "Owner") and the City of Denton, Texas ("City"). WITNESSETH: WHEREAS, WILLIAMS RENTALS, LLC is the Owner of two tracts of land (the "Land") in the S. McCracken Survey, Abstract No. 817 in the City of Denton, Denton County, Texas, being affected by the Fire Station #4 Rebuild Project referred to herein as the "Project"; WHEREAS, City is in need of certain fee simple lands, being a part of the Land related to the Project; and 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; NOW, THEREFORE, for Ten and No/100 Dollars ($10.00), and other good and valuable consideration, the receipt and adequacy of which is hereby acknowledged, the parties agree as follows: 1. A. At Closing, the Owner shall grant, execute, and deliver to the City a Special Warranty Deed (herein so called) conveying to the City, subject to the reservations described below, the tract of land being described in Exhibit "A" to �that certain Special Warranty Deed, and other interests as prescribed therein (the "Fee Lands"), the Special Warranty Deed being attached hereto as Attachment 1 and made a part hereof. The Special Warranty Deed shall be in the form and upon the terms as attached hereto and incorporated herein as "Attachment 1", (the Fee Lands are collectively referred to herein as the "Property") B. Owner, subject to the limitation of such reservation made herein, shall reserve, for itself, its successors and assigns: all oil, gas and other minerals in, on and under and that may be produced from the Fee Lands. Owner, its, successors and assigns, shall not have the right to use or access the surface of the Fee Lands, 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 Fee Lands 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 here;r,, the term "other mir,eruls" shall includ� oil, gas and all asseciated hydrocarb�ns, 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 Fee Lands; and (ii) all substances which are at or near the surface of the Fee Lands. The intent of the parties hereto is that the meaning of the term "other minerals" as utilized herein, shall be in accordance with that set forth in Reed v. Wylie, 597 S.W.2d 743 (Tex. 1980). As used herein, the term "surface of the Fee Lands" 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. � 2. As consideration for the granting and conveying of the Property to the City, the City shall pay to Owner at closing the sum of Two Hundred Thirty Three Thousand Five Hundred Dollars and No/Cents ($233,500.00). The monetary compensation prescribed in this Section 2 is herein referred to as the "Total Monetary Compensation". 3. The Owner shall convey and grant to the City the Property free and clear of all debts, liens and other encumbrances (the "Encumbrances"). The Owner shall assist and support satisfaction of all closing requirements of the City in relation to solicitation of releases or subordinations of the Encumbrances and other curative efforts affecting the Property, if necessary in the discretion of the City. In the event that all Encumbrances are not cured to the satisfaction of City prior to Closing, such shall not be a default hereunder, although Owner may otherwise be in default under Section 10, below. However, if the Encumbrances are not cured as provided herein, City has the option of either (i) waiving�the defects related to the remaining Encumbrances by notice in writing to Owner on or prior to the Closing Date, upon which the remaining Encumbrances shall become Permitted Exceptions (herein so called), and proceed to close the transaction contemplated by this Agreement; or (ii) terminating this Agreement by notice in writing to Owner, in which latter event Owner and City shall have no further obligations under this Agreement. 4. The Closing (herein so called) shall occur in and through the office of Reunion Title, 2745 Wind River Lane, Denton, Texas, 76210 ("Title Company"), with said Title Company acting as escrow agcnt, on the date which is 180 duys after the iffectiv� Date, unless the O«�r.er and thP City mut�ial_l; 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. 5. The stipulated Total Monetary Compensation amount shall be paid by the City at Closing to the Owner through the Title Company. Ad valorem taxes relating to the Property for the calendar year in which the Closing shall occur shall be prorated and submitted by Seller to the Denton County Tax Assessor as of the Closing Date. Ad valorem tax for the calendar year in which the Closing shall occur shall be tendered under Texas Property Tax Code Section 26.11. If the actual amount of taxes for the calendar year in which the Closing shall occur is not known as of the Closing Date, the 3 proration at Closing shall be based on the amount of taxes due and payable with respect to the Property for the preceding calendar year. Seller shall pay for those taxes attributable to the period of time prior to the Closing Date (including, but not limited to, subsequent assessments for prior years due to change of land usage or ownership occurring prior to the date of Closing) and Buyer shall pay for those taxes attributable to the period of time commencing, with the Closing Date. 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. 6. The date on which this Agreement is executed by the Owner shall be the "Effective Date" of this Agreement. 7.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 opportuniiy to cure, City may exercise any right or remedy available to it by law, contract, equity or otherwise, includin� without limitation, the remedy of specific performance. 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. 8. THE LAWS OF THE STATE OF TEXAS SHALL CONTROL AND APPLY TO THIS AGREEMENT FOR ALL PURPOSES. THIS AGREEMENT IS PERFORMABLE IN DENTON COUNTY, TEXAS. VENUE FOR ANY ACTION ARISING HEREUNDER SHALL LIE SOLELY IN THE COURTS OF COMPETENT JURISDICTION OF DENTON COUNTY, TEXAS. 9. From and after the Effective Date of this Agreement, through and including the Closing Date, Owner shall not (i) convey or lease any interest in the Fee Lands; or (ii) enter into any Agreement that will be binding upon the Fee Lands or upon the Owner with respect to the Fee Lands after the date of Closing. 4 10. Any notices prescribed or allowed hereunder to Owner or City shall be in writing and shall be delivered by telephonic facsimile, hand delivery or by United States Mail, as descritied herein, and shall be deemed delivered and received upon the earlier to occur of (a) the date provided if hand delivered or delivered by telephonic facsimile; and (b) on the date of deposit of, in a regularly maintained receptacle for the United States Mail, registered or certified, return receipt requested, postage prepaid, addressed as follows: O WNER: WILLIAMS RENTALS, LLC Phone_ Telecopy: Copies to: For Owner: Telecopy: CITY: City of Denton Paul Williamson Real Estate and Capital Support 901-A Texas Street Denton, Texas 76209 Telecopy: (940) 349-8951 For Citv: Larry Collister, Deputy City Attorney City Attorney's Office 215 E. McKinney Denton, Texas 76201 Telecopy: (940) 382-7923 11. 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. 12. Owner represents and warrants to the City that (i) it has taken all actions necessary to authorize the party executing this Agreement for and on behalf of Owner to bind, in all respects, Owner to all terms and provisions hereof; and (ii) this Agreement is binding and enforceable, in all respects, against the Owner. �� 13. The representations, warranties, agreements and covenants contained herein shall survive the Closing and shall not merge with the Special Warranty Deed. 14. 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 that might result in the taking of any portion of the Fee Lands, City may, at its election, terminate this Agreement at any time prior to Closing. CITY OF DENTON, TEXAS � � � � . ..,v �'"� ,✓'" � �, � ��. � r „�m �. .....�..�. �....� ..�... . By: d�"� ��'",.�� .r�" ....�. G�� 1: ". CAMPBELL, CITY MANAGER Date �; ��_„ 2015 ATTEST: �� WALTERS, CITY SECRETARY HPgR6�� i� 'I'� LE��L � aRPdi: ANITA BURGESS, CITY ATTORNEY BY: �. ��mm ,�° _m� �,f� � � � . �,w� Date: _.m. �...__��. , � ( __.�......� 2015 O WNER: WILLIAMS RENTALS, LLC W. E. Williams, III Manager Date: , 2015 RECEIPT OF AGREEMENT BY TITLE COMPANY By its execution below, Title Company acknowledges receipt of one (1) executed copy of this Agreement. Title Company agrees to comply with, and be bound by, the terms and provisions of this Agreement to perform its duties pursuant to the provisions of this Agreement and comply with Section 6045(e) of the Internal Revenue Code of 1986, as amended from time to time, and as further set forth in any regulations or forms promulgated thereunder. TITLE COMPANY: Reunion Title 2745 Wind River Lane Denton, Texas 76210 Telephone: (940) 382-3030 : Printed Name: Title: Contract receipt date: __ � _ , 2015 E3 Attachment 1 to Purchase Agreement NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A, NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. SPECIAL WARRANTY DEED STATE OF TEXAS § COUNTY OF DENTON KNOW ALL MEN BY THESE PRESENTS That WILLIAMS RENTALS, LLC, a Texas limited liability company (herein called "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, Texas, a Texas Home Rule Municipal Corporation (herein called "Grantee"), 215 E. McKinney, Denton, Texas 76201, the receipt and sufficiency of which are hereby acknowledged and confessed, has GRANTED, SOLD and CONVEYED, and by these presents does GRANT, SELL and CONVEY, unto Grantee all the real property in Denton County, Texas being particularly described on Exhibit "A", 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 a�jacent 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"). Exceptions to conveyance and warranty: [Insert Permitted Exceptions, if any] Grantor hereby assigns to Grantee, without recourse 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. Grantee represents and warrants to Grantor that it has made an independent inspection and evaluation of the Property and acknowledges that Grantor has made no statements or representations concerning the present or future value of the Property, or the condition, including the environmental condition, of the Property. Except as otherwise specifically represented and warranted by Grantor herein and in that certain Contract of Sale, dated , 2015, by and between Grantor and Grantee, GRANTOR MAKES NO REPRESENTATIONS OR WARRANTIES EXPRESSED, STATUTORY, OR IMPLIED, AS TO THE VALUE, QUALITY, QUANTITY, PHYSICAL AND ENVIRONMENTAL CONDITION OF THE PROPERTY AND/OR MATERIALS CONTAINED OR LOCATED IN, ON OR UNDER THE PROPERTY, THE NATURE OF THE PAST OR HISTORIC USE OF THE PROPERTY, AND/OR MERCHANTABILITY OR FITNESS FOR PURPOSE OF ANY OF THE PROPERTY. Grantee further acknowledges that it has relied solely upon its independent evaluation and examination of the Property, and public records relating to the Property and the independent evaluations and studies based thereon. Grantor makes no warranty or representation as to the accuracy, completeness or usefulness of any information furnished to Grantee, if any, whether furnished by Grantor or any third party. Grantor assumes no liability for the accuracy, completeness or usefulness of any material furnished by Grantor, if any, and/or any other person or party. Reliance on any material so furnished is expressly disclaimed by Grantee, and shall not give rise to any cause, claim or action against Grantor. ' TO HAVE AND TO HOLD the Property, together with all and singular the rights and appurr�enances inereia in anywise 6elat��ing unta Gi�ai�tee and G�an�ee's successors ar�d 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. EXECUTED the day of __„_ � 2015 WILLIAMS RENTALS, LLC W. E. Williams III, Manager ACKNOWLEDGMENT THE STATE OF COUNTY OF This instrument was acknowledged before me on _ w mm ..mmm mm� 2015 by W. E. Williams III, Manager of WILLIAMS RENTALS, LLC, a Texas limited liability company. Notary Public, State of Texas My commission expires: � Upon Filing Return To: Property Tax Bills To: The City of Denton-Engineering City of Denton Finance Department Attn: Paul Williamson 215 E. McKinney Street 901-A Texas Street Denton, Texas 76201 Denton, TX 76209 EXHIBIT "A" to Special Warranty Deed Legal Description TRACT I: BEING all that certain lot, tract, or parcel of land situated in the S. McCracken Survey, Abstract Number 817, in the City of Denton, Denton County, Texas, being a part of that certain tract of land conveyed by deed from Walter B. McClurkan, Trustee, to W.E. Williams recorded in Volume 316, Page 426, Deed Records, Denton County, Texas, and being more particularly described as follows: BEGINNING at an iron rod found for corner in the Southeast line of Sherman Drive, a public roadway, said point being the Northwest corner of that certain tract of land conveyed by deed from Peggy J. Morris to Winston C. Moore and Peggy Ann Moore recorded �under Clerk's File No. 96-R0022090, Official Public Records of Real Property, Denton County, Texas; THENCE North 29 degrees 08 minutes 06 seconds East, 165.43 feet with Southeast line of said Sherman Drive to an iron rod set for corner; THENCE South 70 degrees 07 minutes 08 seconds East, 144.61 feet to an iron rod set for corner in the West line of Block A of Cambridge Square Subdivision, an addition to the City of Denton, Denton County, Texas, according to the plat thereof recorded in Volume 4, Page 38, Plat Records, Denton County, Texas; THENCE South O1 degree 15 minutes 46 seconds West, 104.83 feet with said West line of said Block A of said Camnridge Square Subdivision to an iron rod iou�l� for carner, said point being the Northeast corner af said Moore tract; THENCE North 87 degrees 27 minutes 55 seconds West, 214.44 feet with the North line of said Moore tract to the PLACE OF BEGINNING and containing 0.529 acre of land. TRACT II: BEING all that certain lot, tract, or parcel of land situated in the S. McCracken Survey, Abstract Number 817, in the City of Denton, Denton County, Texas, being a part of that certain tract of land conveyed by deed from Walter B. McClurkan, Trustee, to W.E. Williams recorded in Volume 316, Page 426, Deed Records, Denton County, Texas, and being more particularly described as follows: COMMENCING at an iron rod found for corner in the Southeast line of Sherman Drive, a public roadway, said point being the Northwest corner of that certain tract of land conveyed by deed from Peggy J. Morris to Winston C. Moore and Peggy Ann Moore recorded under Clerk's File No. 96-R0022090, Official Public Records of Real Property, Denton County, Texas; THENCE North 29 degrees 08 minutes 06 seconds East, 165.43 feet with Southeast line of said Sherman Drive to an iron rod set for PLACE OF BEGINNING; THENCE North 20 degrees 08 minutes 06 seconds East, 293.14 feet with said Southeast line of said Sherman Drive to an iron rod set found for corner in the West line of Block A of Cambridge Square Subdivision, an addition to the City of Denton, Denton County, Texas, according to the plat thereof recorded in Volume 4, Page 38, Plat Records, Denton County, Texas; THENCE South O1 degree 15 minutes 46 seconds West, 305.31 feet with said West line of said Block A of Cambridge Square Subdivision to an iron rod set for corner; THENCE North 70 degrees 07 minutes 08 seconds West, 144.61 feet to the PLACE OF BEGINNING and containing 0.480 acre of land. � � °� � � � C.., � ��G��rU �� a��'�� .�:��„�� "�� '��"�y��" ��w��b.�"�� C,�� NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. SPECIAL WA�:��NTY DEED STATE OF TEXAS § DENTON COUNTY § That WILLIAMS RENTALS, LLC, a Texas limited liability company, (herein called "Grantor"), in consideration of the sum of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are acknowledged, has GRANTED, BARGAINED, SOLD, and CONVEYED and does GRANT, BARGAIN, SELL, AND CONVEY to CITY OF DENTON, a Texas home-rule municipal corporation, ("Grantee"), the real property in Denton County, Texas, fully described in Exhibit A, and all improvements located on it, together with all of Grantor's right, title, and interest in and to (a) any and all rights, titles, powers, privileges, easements, licenses, rights-of-way, and interests appurtenant to the real property and any improvements on the real property, and (b) any and all rights, titles, powers, privileges, easements, licenses, rights-of-way, and interests of Grantor, either at law or in equity, in possession or in expectancy, in and to any real estate lying in the streets, highways, roads, alleys, rights-of-way, or sidewalks, open or proposed, in front of, above, over, under, through, or adjoining the real property, and in and to any strips or gores of real estate adjoining the real property (collectively, "Property"). Grantor, subject to the limitation of the reservation made herein, reserves, for itself, its successors and assigns, all oil, gas, and all associated hydrocarbons, in, on and under, and that may be produced from the Property but excluding (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 (collectively, "Reserved Minerals"). 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 Minerals and/or related to exploration and/or production of the Reserved Minerals, 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 Minerals, and/or related to the exploration or production of same. Nothing herein shall be construed to prohibit the production of the Reserved Minerals Page 1 of 3- Special Warranty Deed and/or the pooling of the Reserved Minerals with other lands, so long as all surface operations are located entirely on lands other than the Property. Exceptions to conveyance and warranty: This conveyance, however, is made and accepted subject to any and all validly existing encumbrances, conditions and restrictions, relating to the hereinabove described property as now reflected by the records of the County Clerk of Denton County, Texas. TO HAVE AND TO HOLD the Property, together with all and singular the rights and appurtenances to it in any way belonging, to Grantee, its successors, and its assigns forever, and Grantor binds itself, its successors, and its assigns to WARRANT AND FOREVER DEFEND all and singular the title to the Property to Grantee, its successors, and its assigns against any person lawfully claiming or to claim the same .;�;-�r� any part of it, by, through, or under Grantor, but not otherwise, subject to the �"��rNt�� :��r�.�,��,�+��. �.� � ,� EXECUTED as of the �"` � day of February 2016. WILLIAMS RENTALS, LLC, a Texas limited liabili �,�� an � � h' 6 �' � � � .��'""�� µ� �� ,�� ,,�'mm:;,��,�� : � _ � � � w� �� - �,'i� atu��+� � �� . . A....., �� ,��°� �� ,� � c �,�� .: � �� "��r^"�,W ..,.� �,�,�� „� � ��"�/' � � � �y �,�r .. � ".�' �,�- ""�... �,.�� --'�'�,r�-�r�',�.m'�..,,��"'"'�'�-�..� �� " .... l� �� Name�: W. E. 'V4�''�lia��a�� III �� . � ... � ."' ��.�� ..� �� , � �� , � ,�� .��._ .�� ,�,� � � ��"��- � ��' � � � � �.��'�",�� .n _ ___�__� _ � Title: iv��r��r�g��"�'t��.�� WILLIAMS RENTALS, LLC, a Texas limited i k�iqMt;y �c�N��r�� ' � � �� -� � �� , � � ... � . . �. �., ......... .. si�rt��,��: � d � m��c� .��x��'..��.� ..��e ��'�i��t�;cN 1��, Ginger'l��lli�� . . ...'�..��.�.��" � � �� .....w. '� � .. ........ ...... Title: �<��° �i�7,� �l��r°��ber ACKNOWLEDGEMENT State of Texas Denton County � r�"}�'',� instrument was acknowledged before me on the �s�_w day of �"„„� d"� , 2016, by W. E. Williams III, Managing Member of WILLIAMS f�1�1�"I",�I:gS, LLC, �� limited liability company� �w��.� �;�"��m.��. M NEELY�� _—. "� . �� ° � ��" �� `�"� Notary Public �� `� state of Texas Nc�t��My Public, �J, ` ID #1 125524208 � ��,��,`"�� Comm. Expires 12/13/2017�' �� ACKNOWLEDGEMENT State of Texas Denton County Texas "��"i�°�� instrument was acknowledged before me on the _� __ day of ��' mm,�� 2016, by Ginger Williams, Managing Member of WILLIAMS RENT� L��, L � ��" °�� LC, a �l�"� ��, limited liability �;�� ~��r��. � 4 � � � � � �� .��...��.»�� . ----- ..�. r �,��.^r� M NEELY �17�'s�l" ��1,1��1C� ��, (J��C.il,ti� �� " Notary Public � '��('� �� j �� State of Texas a ID # 125524206 �a'�,��; °��`�� Comm. Exp9res 12/13/2017 �. � �� After recording, please return to: City of Denton-Engineering 901-A Texas Street Denton, Texas 76209 Page 3 of 3- Special Warranty Deed Property Tax Bills To: City of Denton - Finance Department 215 E. McKinney Street Denton, Texas 76201 xh�b'�t LEGAL DESCRIPTION BEING a 1.059 acre tract of land situated in the S. McCracken Survey, Abstract No. 817, City of Denton, Denton County, Texas, and being known as all of those tracts of land described as Tract I and Tract II in a Deed to Williams Rentals, L.L.C., as recorded in Document No. 2010-79727 of the Official 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 East line of Sherman Drive (F.M. Highway No. 428, a 100' wide right-of-way), said point being the most Northerly corner of the above cited Tract II, said point also being in the West line of Cambridge Square Subdivision, per the Final Plat recorded in Volume 4, Page 38 of the Plat Records of Denton County, Texas, from which a 3/4 inch iron rod found for the most Westerly Northwest corner of said Cambridge Square Subdivision bears North 00°46'18" East a distance of 13.30 feet; THENCE South 00°46'18" West (South 01 °15'46" West — Deed) along the East line of said Tract I and Tract II, and along the West line of said Cambridge Square Subdivision, for a distance of 413.46 feet (410.14 feet — Deed) to a 5/8 inch iron rod set for the Southeast corner of said Tract I, said point being the Northeast corner of a called 1.215 acre tract of land described in a Deed to the City of Denton, Texas, as recorded in Document No. 2015-104220 of the Official Records of Denton County, Texas, and the Southwest corner of Lot 5, Block A of said Cambridge Square Subdivision, from which a 1/2 inch iron rod found for the Southwest corner of Lot 10, Block A of said Cambridge Square Subdivision bears South 00°46'18" West a distance of 195.25 feet, and a 1/2 inch iron rod found for the Southeast corner of said Lot 5 bears North 60°55'07" East a distance of 186.15 feet; THENCE North 89°33'44" West (North 87°27'S5" West — Deed) departing the West line of said Cambridge Square Subdivision, and along the South line of said Tract I and the North line of said 1.215 acre tract, passing a 1/2 inch iron rod found at a distance of 2.41 feet, and continuing along said line for a total distance of 223.18 (214.44 feet — Deed) feet to a 5/8 inch iron rod with cap stamped "TNP" set for the Southwest corner of said Tract I, and being in the East line of said Sherman Drive; THENCE North 29°03'19" East (North 29°08'06" East — Deed) along the East line of said Sherman Drive, for a distance of 471.00 feet (458.57 feet — Deec� to the POINT OF BEGINNING, and containing 1.059 acres (1.009 acres — Deed) of land, more or less. Page 1 of 1 Doc-15374 **** Electronica�ly Fi�ed Document �`*** Denton County Juli Luke County Clerk Document Number: 2016-15374 Recorded As : ERX-WARRANTY DEED Recorded On: Recorded At: Number of Pages: Recording Fee: Parties� Receipt Number: Processed By: February 12, 201 fi 11:14:14 am 5 $42.00 Direct- WILLIAMS RENTALS LLC Ind irect- 1389508 Terri Bair *wwwww****** TH1S PAGE IS PART OF THE INSTRUMENT'"'"**'`******* Any provlslon herein which restrlcts the Sale, Rental or use of the descrlbed REAL PROPERTY because of cotor or race is invalid and unenforceable under federal law. THE 8TA7E VY TEXAS) COUNTY OF DENTON} 1 hercby certily Ih�t �hi� iiolnuent wr F1LED lu Iha Flla I�l�ber saqumco on tl�e d��e/ti�c priMeJ herun, �d wr duly RECORDED i� �ha Oflici�l R.uordr ol D�oton Couoty, Te:o. Juli Luke co.�y u�rt Dentoo Cowt�, Tazu � February 17, 2016 City of Denton 901A Texas Street Denton, TX 76209 RE: GF#: 2027-153425-RU Purchaser: City of Denton Property Address: 2208 E Sherman & 2202 E Sherman, Denton, TX 76209 2745 Wind River Lane Denton,TX 76210 Phone (940)382-3030 Fax(940)382-3377 www.reuniontitle.com Thank you for your business and trusting Reunion Title with handling this important part of your real estate transaction. We have enclosed the following in connection with the above referenced property: X Owner's Title Policy No. 2027-153425-RU x Recorded Document(s) We appreciate and look forward to the opportunity of providing our services to you again in the future should you need assistance in refinancing or selling the property insured by the enclosed policy. If you have any questions or concerns, please feel free to contact us. Sincerely, REUNION TITLE Rebecca Arnold Escrow Officer Reunion Title NATIONAL DIVISION AGENT FOR FiistAmerican Title lra.��re��ar�c<.> Company TITLE INSURANCE AGENT FOR: Commonwealth Land Title Insurance Company, First American Title Insurance Company. Lawyers Title Insurance Corporation, Old Republic National Title Insurance Company, Stewart Title and Title Resources Guaranty Company 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, FIRST AMERICAN TITLE INSURANCE COMPANY, a Nebraska 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 loss 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. (Covered Risks Continued on P�qe 2 In Witness Whereof, First American Title Insurance Company has caused its corporate name to be hereunto affixed by its authorized officers as of Date of Policy shown in Schedule A. � .r �r �1�:0�66V3 �U. �'i�It1CnP� ��i�0��f�R � �' �� J�� I��a�rsu��rG °;��c��m� ThleJecketwae oreated electronlcally and conetltutee an orlglnal document (This Palicy is valid anly when Schedules A end B aze attached} Form 5025548 (7-1-14) Page 1 of 13 TX T-1 Owner's Policy of Title Insurance (Rev, 1-3-14) Texas COVERED RISKS (Continued) 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 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. EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of and not disclosed in writing to the Company by the Insured this policy and the Company will not pay loss or damage, costs, Claimant prior to the date the Insured Claimant became an attorneys' fees or expenses that arise by reason of; Insured under this policy; 1. (a) Any law, ordinance, permit, or governmental regulation (c) resulting in no loss or damage to the Insured Claimant; (including those relating to building and zoning) restricting, (d) attaching or created subsequent to Date of Policy (however, regulating, prohibiting or relating to: this does not modify or limit the coverage provided under (i) the occupancy, use, or enjoyment of the Land; Covered Risk 9 and 10); or (ii) the character, dimensions or location of any (e) resulting in loss or damage that would not have been improvement erected on the Land; sustained if the Insured Claimant had paid value for the (iii) subdivision of land; or Title. (iv) environmental protection; 4. Any claim, by reason of the operation of federal bankruptcy, or the effect of any violation of these laws, ordinances or state insolvency, or similar creditors' rights laws, that the governmental regulations, This Exclusion 1(a) does not modify transaction vesting the Title as shown in Schedule A, is: or limit the coverage provided under Covered Risk 5. (a) a fraudulent conveyance or fraudulent transfer; or (b) Any governmental police power. This Exclusion 1(b) does (b) a preferential transfer for any reason not stated in Covered not modify or limit the coverage provided under Covered Risk 9 of this policy. Risk 6. 5. Any lien on the Title for real estate taxes or assessments 2. Rights of eminent domain. This Exclusion does not modify or imposed by governmental authority and created or attaching limit the coverage provided under Covered Risk 7 or 8. between Date of Policy and the date of recording of the deed or 3. Defects, liens, encumbrances, adverse claims or other matters: other instrument of transfer in the Public Records that vests (a) created, suffered, assumed or agreed to by the Insured Title as shown in Schedule A. Claimant; 6, The refusal of any person to purchase, lease or lend money on (b) not Known to the Company, not recorded in the Public the estate or interest covered hereby in the land described in Records at Date of Policy, but Known to the Insured Schedule A because of Unmarketable Title. Claimant Form 5025548 (7-1-14) Page 2 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas CONDITIONS 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. Form 5025548 (7-1-14) Page 3 of 13 2. (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, 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, 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 tlefect 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 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 therefor, 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 TX T-1 Owner's Policy of Title Insurance (Rev, 1-3-14) Texas CONDITIONS (Continued) tltle insurance without exception for the lien, encumbrance, aid (i) in securing evidence, obtaining witnesses, adverse claim or defect, said policy to be in an amount equal to prosecuting or defending the action or proceeding, or the current value of the Land or, if a loan policy, the amount of effecting settlement, and (ii) in any other lawful act that in the loan; (iv) indemnify another title insurance company in the opinion of the Company may be necessary or desirable connection with its issuance of a policy(ies) of title insurance to establish the Title or any other matter as insured. If the without exception for the lien, encumbrance, adverse claim or Company is prejudiced by the failure of the Insured to defect; (v) secure a release or other document discharging the furnish the required cooperation, the Company's obligations lien, encumbrance, adverse claim or defect; or (vi) undertake a to the Insured under the policy shall terminate, including combination of (i) through (v) herein. any liability or obligation to defend, prosecute, or continue 4, PROOF OF LOSS. any litigation, with regard to the matter or matters requiring In the event the Company is unable to determine the amount of such cooperation. loss or damage, the Company may, at its option, require as a (b) The Company may reasonably require the Insured condition of payment that the Insured Claimant furnish a signed Claimant to submit to examination under oath by any proof of loss. The proof of loss must describe the defect, lien, authorized representative of the Company and to produce encumbrance or other matter insured against by this policy that for examination, inspection and copying, at such constitutes the basis of loss or damage and shall state, to the reasonable times and places as may be designated by the extent possible, the basis of calculating the amount of the loss authorized representative of the Company, all records, in or damage, whatever medium maintained, including books, ledgers, 5. DEFENSE AND PROSECUTION OF ACTIONS, checks, memoranda, correspondence, reports, e-mails, (a) Upon written request by the Insured, and subject to the disks, tapes, and videos whether bearing a date before or options contained in Sections 3 and 7 of these Conditions, after Date of Policy, that reasonably pertain to the loss or the Company, at its own cost and without unreasonable damage, Further, if requested by any authorized delay, shall provide for the defense of an Insured in litigation representative of the Company, the Insured Claimant shall in which any third party asserts a claim covered by this grant its permission, in writing, for any authorized policy adverse to the Insured. This obligation is limited to representative of the Company to examine, inspect and only those stated causes of action alleging matters insured copy all of these records in the custody or control of a third against by this policy. The Company shall have the right to party that reasonably pertain to the loss or damage. All select counsel of its choice (subject to the right of the information designated as confidential by the Insured Insured to object for reasonable cause) to represent the Claimant provided to the Company pursuant to this Section Insured as to those stated causes of action, It shall not be shall not be disclosed to others unless, in the reasonable liable for and will not pay the fees of any other counsel, The judgment of the Company, it is necessary in the Company will not pay any fees, costs or expenses incurred administration of the claim, Failure of the Insured Claimant by the Insured in the defense of those causes of action that to submit for examination under oath, produce any allege matters not insured against by this policy. reasonably requested information or grant permission to (b) The Company shall have the right, in addition to the options secure reasonably necessary information from third parties contained in Sections 3 and 7, at its own cost, to institute as required in this subsection, unless prohibited by law or and prosecute any action or proceeding or to do any other governmental regulation, shall terminate any liability of the act that in its opinion may be necessary or desirable to Company under this policy as to that claim. establish the Title, as insured, or to prevent or reduce loss 7, OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; or damage to the Insured. The Company may take any TERMINATION OF LIABILITY. appropriate action under the terms of this policy, whether or In case of a claim under this policy, the Company shall have the not it shall be liable to the Insured. The exercise of these following additional options: rights shall not be an admission of liability or waiver of any (a) To Pay or Tender Payment of the Amount of Insurance. provision of this policy, If the Company exercises its rights To pay or tender payment of the Amount of Insurance under this subsection, it must do so diligently, under this policy together with any costs, attorneys' fees (c) Whenever the Company brings an action or asserts a and expenses incurred by the Insured Claimant that were defense as required or permitted by this policy, the authorized by the Company up to the time of payment or Company may pursue the litigation to a final determination tender of payment and that the Company is obligated to by a court of competent jurisdiction and it expressly pay, reserves the right, in its sole discretion, to appeal from any Upon the exercise by the Company of this option, all liability adverse judgment or order. and obligations of the Company to the Insured under this 6, DUTY OF INSURED CLAIMANT TO COOPERATE. policy, other than to make the payment required in this (a) In all cases where this policy permits or requires the subsection, shall terminate, including any liability or Company to prosecute or provide for the defense of any obligation to defend, prosecute, or continue any litigation. action or proceeding and any appeals, the Insured shall (b) To Pay or Otherwise Settle With Parties Other than the secure to the Company the right to so prosecute or provide Insured or With the Insured Claimant, defense in the action or proceeding, including the right to (i) To pay or otherwise settle with other parties for or in the use, at its option, the name of the Insured for this purpose, name of an Insured Claimant any claim insured against Whenever requested by the Company, the Insured, at the under this policy. In addition, the Company will pay any Company's expense, shall give the Company all reasonable 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 Form 5025548 (7-1-14) Page 4 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas CONDITIONS (Continued) obligated to pay; or 11. LIABILITY NONCUMULATIVE. (ii) to pay or otherwise settle with the Insured Claimant the The Amount of Insurance shall be reduced by any amount the loss or damage provided for under this policy, together Company pays under any policy insuring a Mortgage to which with any costs, attorneys' fees and expenses incurred exception is taken in Schedule B or to which the Insured has by the Insured Claimant that were authorized by the agreed, assumed, or taken subject or which is executed by an Company up to the time of payment and that the Insured after Date of Policy and which is a charge or lien on the Company is obligated to pay, Upon the exercise by the Title, and the amount so paid shall be deemed a payment to the Company of either of the options provided for in Insured under this policy, subsections (b)(i) or (ii), the Company's obligations to 12, PAYMENT OF LOSS. the Insured under this policy for the claimed loss or When liability and the extent of loss or damage have been damage, other than the payments required to be made, definitely fixed in accordance with these Conditions, the shall terminate, including any liability or obligation to payment shall be made within 30 days. d�f��, pro�e�t�te �s� c�ar�flinue aA��r Butigation. 13. �B��NTS OF RECOVERY UPON PAYMENT OR 8. DETER�1NhNA'fiION �NC� EXi"��i�" OF LNA�ILITY. ��'�'�EMENT, This policy is a contract of indemnity against actual monetary (a) Whenever the Company shall have settled and paid a claim loss or damage sustained or incurred by the Insured Claimant under this policy, it shall be subrogated and entitled to the who has suffered loss or damage by reason of matters insured rights of the Insured Claimant in the Title and all other rights against by this policy, and remedies in respect to the claim that the Insured (a) The extent of liability of the Company for loss or damage Claimant has against any person or property, to the extent under this policy shall not exceetl the lesser of: of the amount of any loss, costs, attorneys' fees and (i) the Amount of Insurance; or expenses paid by the Company. If requested by the (ii) the difference between the value of the Title as insured Company, the Insured Claimant shall execute documents to and the value of the Title subject to the risk insured evidence the transfer to the Company of these rights and against by this policy. remedies, The Insured Claimant shall permit the Company (b) If the Company pursues its rights under Section 3 or 5 and to sue, compromise or settle in the name of the Insured is unsuccessful in establishing the Title, as insured, Claimant and to use the name of the Insured Claimant in (i) the Amount of Insurance shall be increased by 10%, any transaction or litigation involving these rights and and remedies. (ii) the Insured Claimant shall have the right to have the If a payment on account of a claim does not fully cover the loss or damage determined either as of the date the loss of the Insured Claimant, the Company shall defer the claim was made by the Insured Claimant or as of the exercise of its right to recover until after the Insured date it is settled and paid. Claimant shall have recovered its loss. (c) In addition to the extent of liability under (a) and (b), the (b) The Company's right of subrogation includes the rights of Company will also pay those costs, attorneys' fees and the Insured to indemnities, guaranties, other policies of expenses incurred in accordance with Sections 5 and 7 of insurance or bonds, notwithstanding any terms or these Conditions. conditions contained in those instruments that address 9. LIMITATION OF LIABILITY. subrogation rights, (a) If the Company establishes the Title, or removes the alleged 14, ARBITRATION, defect, lien or encumbrance, or cures the lack of a right of Either the Company or the Insured may demand that the claim or access to or from the Land, all as insured, or takes action in controversy shall be submitted to arbitration pursuant to the Title accordance with Section 3 or 7, in a reasonably diligent Insurance Arbitration Rules of the American Land Title manner by any method, including litigation and the Association ("Rules"). Except as provided in the Rules, there shall completion of any appeals, it shall have fully performed its be no joinder or consolidation with claims or controversies of obligations with respect to that matter and shall not be liable other persons. Arbitrable matters may include, but are not limited for any loss or damage caused to the Insured. to, any controversy or claim between the Company and the (b) In the event of any litigation, including litigation by the Insured arising out of or relating to this policy, any service in Company or with the Company's consent, the Company connection with its issuance or the breach of a policy provision, or shall have no liability for loss or damage until there has to any other controversy or claim arising out of the transaction been a final determination by a court of competent giving rise to this policy. All arbitrable matters when the Amount jurisdiction, and disposition of all appeals, adverse to the of Insurance is $2,000,000 or less shall be arbitrated at the option Title, as insured. of either the Company or the Insured, unless the Insured is an (c) The Company shall not be liable for loss or damage to the individual person (as distinguished from an Entity). All arbitrable Insured for liability voluntarily assumed by the Insured in matters when the Amount of Insurance is in excess of $2,000,000 settling any claim or suit without the prior written consent of shall be arbitrated only when agreed to by both the Company and the Company, the Insured, Arbitration pursuant to this policy and under the 10. REDUCTION OF INSURANCE; REDUCTION OR Rules shall be binding upon the parties. Judgment upon the TERMINATION OF LIABILITY. award rendered by the Arbitrator(s) may be entered in any court All payments under this policy, except payments made for costs, ofcompetentjurisdiction, attorneys' fees and expenses, shall reduce the Amount of Insurance by the amount of the payment, Form 5025548 (7-1-14) Page 5 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas CONDITIONS (Continued) 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE 16. SEVERABILITY. CONTRACT. In the event any provision of this policy, in whole or in part, is (a) This policy together with all endorsements, if any, attached held invalid or unenforceable under applicable law, the policy to it by the Company is the entire policy and contract shall be deemed not to include that provision or such part held between the Insured and the Company. In interpreting any to be invalid and all other provisions shall remain in full force provision of this policy, this policy shall be construed as a and effect. whole. 17. CHOICE OF LAW; FORUM. (b) Any claim of loss or damage that arises out of the status of (a) Choice of Law: The Insured acknowledges the Company the Title or by any action asserting such claim, shall be has underwritten the risks covered by this policy and restricted to this policy, determined the premium charged therefor in reliance upon (c) Any amendment of or endorsement to this policy must be in the law affecting interests in real property and applicable to writing and authenticated by an authorized person, or the interpretation, rights, remedies or enforcement of expressly incorporated by Schedule A of this policy, policies of title insurance of the jurisdiction where the Land (d) Each endorsement to this policy issued at any time is made is located, a part of this policy and is subject to all of its terms and Therefore, the court or an arbitrator shall apply the law of provisions, Except as the endorsement expressly states, it the jurisdiction where the Land is located to determine the does not (i) modify any of the terms and provisions of the validity of claims against the Title that are adverse to the policy, (ii) modify any prior endorsement, (iii) extend the Insured, and in interpreting and enforcing the terms of this Date of Policy or (iv) increase the Amount of Insurance, policy. In neither case shall the court or arbitrator apply its Each Commitment, endorsement or other form, or provision conflicts of laws principles to determine the applicable law. in the Schedules to this policy that refers to a term defined (b) Choice of Forum: Any litigation or other proceeding brought in Section 1 of the Conditions shall be deemed to refer to by the Insured against the Company must be filed only in a the term regardless of whether the term is capitalized in the state or federal court within the United States of America or Commitment, endorsement or other form, or Schedule. its territories having appropriate jurisdiction. Each Commitment, endorsement or other form, or provision 18, NOTICES, WHERE SENT. in the Schedules that refers to the Conditions and Any notice of claim and any other notice or statement in writing Stipulations shall be deemed to refer to the Conditions of required to be given to the Company under this Policy must be this policy, given to the Company at First American Title Insurance Company, Attn: Claims National Intake Center, 1 First American Way, Santa Ana, California 92707. Phone; 888- 632-1642. � S� A M E R� C �� d ��^ �" , �� :�� „�� First American Title Form 5025548 (7-1-14) Page 6 of 13 TX T-1 Owner's Policy of Title Insurance (Rev, 1-3-14) Texas �r�a�, _ a�� „ �� ' FrrstAmerican Tltle�", � '"�'�+�r /�+' �- ��, ,� � �. SC � �I A Owner Policy of Title Insurance (T-1) ISSUED BY First American Title Insurance Company POLiCY NUMBER 2027-153425-RU Name and Address of Title Insurance Company: First American Title Insurance Company, 1500 South Dairy Ashford, Suite 300, Houston, TX 77077. File No.: 2027-153425-RU Date of Policy: 02/12/2016 at 11:14 am Address for Reference only: 2208 E Sherman & 2202 E Sherman, Denton, TX 76209 Amount of Insurance: $299,500.00 1, 4. Premium: $1980.00 Name of Insured: Ciry of Denton, a Texas home-rule municipal corporation The estate or interest in the Land that is insured by this policy is: FEE SIMPLE Title is insured as vested in: City of Denton, a Texas home-rule municipal corporation The land referred to in this policy is described as follows; BEING a 1.059 acre tract of land situated in the S. McCracken Survey, Abstract No, 817, City of Denton, Denton County, Texas, and being known as all of those tracts of land described as Tract I and Tract II in a Deed to Williams Rentals, L.L.C., as recorded in Document No. 2010-79727 of the Official 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 East line of Sherman Drive (F.M. Highway No. 428, a 100' wide right-of-way), said point being the most Northerly corner of the above cited Tract II, said point also being in the West line of Cambridge Square Subdivision, per the Final Plat recorded in Volume 4, Page 38 of the Plat Records of Denton County, Texas, from which a 3/4 inch iron rod found for the most Westerly Northwest corner of said Cambridge Square Subdivision bears North 00 degrees 46 minutes 18 seconds East a distance of 13.30 feet; THENCE South 00 degrees 46 minutes 18 seconds West (South 01 degree 15 minutes 46 seconds West - Deed) along the East line of said Tract land Tract II, and along the West line of said Cambridge Square Subdivision, for a distance of 413.46 feet (410.14 feet - Deed) to a 5/8 inch iron rod set for the Southeast corner of said Tract I, said point being the Northeast corner of a called 1,215 acre tract of land described in a Deed to the City of Denton, Texas, as recorded in Document No. 2015-104220 of the Official Records of Denton County, Texas, and the Southwest corner of Lot 5, Block A of said Cambridge Square Subdivision, from which a 1/2 inch iron rod found for the Southwest corner of Lot 10, Block A of said Cambridge Square Subdivision bears South 00 degrees 46 minutes 18 seconds West a distance of 195.25 feet, and a 1/2 inch iron rod found for the Southeast corner of said Lot 5 bears North 60 degrees 55 minutes 07 seconds East a distance of 186.15 feet; Form 5025548 (7-1-14) Page 7 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas THENCE North 89 degrees 33 minutes 44 seconds West (North 87 degrees 27 minutes 55 seconds West - Deed) departing the West line of said Cambridge Square Subdivision, and along the South line of said Tract I and the North line of said 1.215 acre tract, passing a 1/2 inch iron rod found at a distance of 2,41 feet, and continuing along said line for a total distance of 223,18 (214.44 feet - Deed) feet to a 5/8 inch iron rod with cap stamped `�TNP" set for the Southwest corner of said Tract I, and being in the East line of said Sherman Drive; THENCE North 29 degrees 03 minutes 19 seconds East (North 29 degrees 08 minutes 06 seconds East - Deed) along the East line of said Sherman Drive, for a distance of 471.00 feet (458.57 feet -Deed) to the POINT OF BEGINNING, and containing 1.059 acres (1.009 acres - Deed) of land, more or less. Note: The company is prohibited from insuring the area or quantity of the land described herein, Any statement in the above legal description of the area or quantity of the land is not a representation that such area or quantiry is correct, but is made only for informational and/or identification purposes and does not override Item 2 of Schedule B hereof. By its issuing agent, New Reunion Title, LLC �� ; �i ail . �II ;; � Form 5025548 (7-1-14) Page 8 of 13 � 2745 Wind River Lane Denton, TX 76230 (940)382-3030 Fax(940)382-3377 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas _ _ _ __ _ ° y�� "` �° Owner Policy of Title Insurance (T-1) �� ]j' i` �'j(; �t��;'1h1 ISSUED BY �:m�� First American Title Insurance Company .� ,,�,,� ,. POLICY NUMBER SC��d�� B 2027-153425-RU File No. 2027-153425-RU EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorney's 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: The following restrictive covenants of record itemized below: (the Company must either insert specific recording data or delete this exception) Item 1 of Schedule B is hereby deleted in its entirety. 2„ Shortages in Area. Homestead or community properly or survivorship rights, if any, of any spouse of any Insured. 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 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 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 2016, 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 properly under Section 11.13, Texas Tax Code, or because of improvements not assessed for a previous tax year. 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. 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 whether listed in Schedule B or not. There may be leases, grants, exceptions or reservations of mineral interest that are not listed. b. Rights of parties in possession and rights of tenants under any unrecorded leases or rental agreements, Form 5025548 (7-1-14) Page 9 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas c. Easement and rights of third parties, if any, as to overhead electric lines, power poles and guy wires, water meter, telephone riser, Atmos gas test station, electric meters and gas meters as shown on survey of Teague Nall & Perkins, certified to by Todd B. Turner, R.P.L.S. #4859, dated 10/13/2015,. d. Wood fence encroachment along a portion of the East side as shown on survey of Teague Nall & Perkins, certified to by Todd B. Turner, R.P.L.S. #4859, dated 10/13/2015. e. Title to all coal, lignite, oil, gas and other minerals in, under and that may be produced from the land, together with all rights, privileges, and immunities relating thereto, all of such interest, to the extent not previously reserved or conveyed, being reserved or conveyed in instrument filed 02/12/2016, recorded in cc# 2016-15374, Real Properly Records, Denton County, Texas. Title to said interest not checked subsequent to the date thereof. Form 5025548 (7-1-14) Page 10 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas „,�.�� r� W ,, ,� � � �� ,, ” „�, ,�,r<�� , _� _ Important Notice FirstAmerrcan Title'h' ISSUED BY � First American Title Insurance Company i I _ _ IMPORTANT N....._ ....... ................................ .........eeee e� ,.. ,......... ,....... ...�_..�� ,.......,,........_ OTICE A VISO IMPORTANTE To obtain info�mation or make a��c�rrr,�,!�r�at: Para obtener informacion o para presentar una queja: You may call First Ame�ican Title Insurance Company's tol% Usted puede llamar al numero de ��f�f�rao gratuito de First free te%phone number for info�mation or to make a American Tit/e Insurance Company's para informacion o para ��ana�al'z�rr�t at.• presentar una queja al.• 1-�8�'-632-1642 1-888-631-1642 You may also write to First American Title Insurance Usted ��rr�,�i��r puede �.��riL��r a First American Title Insurance Company at.• Company.• 1 FirstAmerican Way 1 FirstAmerican Way Santa Ana, Ca/ifornia 92707 Santa Ana, G�Iii�arr�ia 92707 You may contact the Texas Department of Insurance to Usted puede comr.��r��s�re:s� con el t��m�,�a�r��raaento de Seguros de obtain info�mation on companies, co��r�,n��; rights or Texas para obtener informacion sobre c��r�a��rai�w�f coberturas, complaints at.• derechos, o guejas al.• 1-800-252-3439 1-800-252-3439 You may write the Texas Department oflnsurancer Usted puede �,��ei,�ar� al �7�p��ento de Seguros de Texas a: P.O. Box 149104 P.O. Box i49104 Austin, TX 78714-9104 Austin, TX 78714-9104 Fax: (512) 490-i007 Fax: (512) 490-1007 Web: http.//www.tdi.texas.gov Web: http://www.tdi.texas,gov E-mail.• ��rr.scrr�cr,�r�atectionCa�tdi.texasgov E-mail: ConsumerProtectionC�tdi.texas.gov PREMIUM OR CLAIM DISPUTES; DISPUTAS POR PRIMAS DE SEGUROS O Should you have a dispute concerning your premium or RECLAMACIONES: about a claim you should contact First American Tit/e Si tiene una disputa relacionada con su prima de seguro con Insurance Company first. If the dispute is not ��s�al"a�� you una rec/amacion , usted debe comunicarse con e/ First American may contact the Texas C.��,��r�`r��r�t of lnsurance. Tit/e Insurance Company �rir�a�F�. Si /a disputa no es ��,��r�lt��; usted puede comunicarse con el Departamento de Seguros de Texas. ATTACH THIS NOTICE TO YOUR POLICY,• This notice is for information only and does not become a part or condition of the attached document. ADIUNTE ESTE A VISO A SU POLIZA: Este aviso es solamente para propositos informativos y no se convierte en parte o en conc�"ici�ra del documento adjunto. Form 50-TXNOTICE (5-27-95) �age 1 of 1 JLL✓LL �uuu Y Mandatory Complaint Notice (6Texas Form 5025548 (7-1-14) Page 11 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas TITLE Reunion Title PRIVACY STATEMENT �� ,� , �a�G �,,.,��t'„� w �+-. Reunion Title ("Reunion"} is a wholly owned subsidiary oF First American Title Insurance Company. Reunion and its subsidiary and affiliated companies respect the privacy and security of your non-public personal inFarmation ("Personal Information"} and protecting your Persanal InFormatian is one of our top priorities.'This Privacy Stakement explains Reunion's privacy practices, including how we use the Personal Information we receive from you and from other specified sources, and to whom it may be disclosed. Reunion follows the privacy practices described in this Privacy Statement and, depending on the business performed, Reunion may share informakion described herein. Appllcablllty �I1G4 Ibrlrr�ur^� I�"rGl�;y e��w�+arv a r�a�aU w�� f the Is�Naarrrti ��,iu�w7 4drrY yr�ud rrr�w��aa �� us. It clr��s o�¢rP, ��vern the manner in which we may use unFormat9on we have ob¢ained from any other source, ��nu:�s a�5 Rr�Fa�rr�a�t�d��i a%�Q�I�tt;��V Jra�rr7 a� pubh� rt.c�ara� u�r �a r�� w`i�:H��iu�r y��ias�ak^p or entMy, �iaweuatlK�n� and First American have also adopted broader gu(deldnes that govem our use of Personal frroYrs��rsratla�r a�r�urer�Gl�,�,:� r�� dd�� r�e�a�°�ra, First �nur�y�i�,r�tiru c�IBn Bl�ur�sct C��(al�.4fr��s hts Fair iu�frarnrK�ti�l��p Values. 7ypes of Informatfon Depending upon which af our services yau are utilizing, the types of nonpublic Personal Information that we may collect include: « Infarmation we receive fram yau an applicatians, forms and in other communications to us. whether in writing, in persan, by telephone ar any other means; � Informakion about your transactians wlth us, aur affiliated companles, or others; + Information we receive from a cansumer reparting agency, and • Infarmation fram yau through our Internet websites, such as your name, address, email address, %nkernet Protocol address, the website links you used to gek to our websites, and your activity while using ar reviewing aur websites. Uses of InformaGon '+N� �h��ar � 6rn�rtaurmrntG�r� �a�a�a�^�r�ua Yaar' r„a�a�r a��^�r Ik��irr��t�x Nxrslarest ��7�W�ca,,rs �r7t� �rra4 t�ir tlu�; �„�,nr,;�ri �n� :ar�y i�t�rr��1tIIWr�t�.w� p�rrty. i lu�r��nrv. wr:� wdl� r7art m��lu �rpa� y��,ar W'�c�r�s�rrril G'o��aiaria�ai�rrs aca �rrr�a7tis�ffiN6��!rl �•k�s��i�s wcxc��k, �1� �s ncw-�s�,�i� daw i,is ka� �are��ldl� �6r� qar��'U�act �ar �a:a�+i�:� yrau.i q��a+r. da��ti�_�4rc;9 r;a� ua�„ sar (�� s �xwrarrathti�d 4ny �a�w, "�"�ry oa��iV, 8r�rw�.+�n�a� �Yr�r�° �;��:Iro Ir�iaar�77�qEG�ar^4 ui^�c��a1l�rYtr�By� Iair�h�efGwrue� klic �rrYrr�9 ��t�zr° w9�icbr �aiy �.kistr��7a�a° r�q�k{c�azs��G�i �r�M c�:��°�ec;9, �xai:lu riuf�i��u�at�crur irrru;ry k� �r rac,{ �'nr �riy laiC��ci^awu& p�ar°I�re�� i.��V� �s ��.o��li4y ctsrrv4rr„o� � ifcaii�, a:sc �GaS¢eeiF�r �ra rl'y�0�, WV� criM1gy <'alsu� �rrr�+ri�la,� �II rpP �drtw ��r�,� e,� I�ura;aNtt7B �c�trcar�Yiaai�.riri Iis��r.l a�ctirra� 1ra Kar��> r�r rrrraa�w r�P c�aar ��t�lllurq�:r� ��raeya�r�it,��. Sicc°Cr ��ifGld�k�r� a.�zrirra�rr��e.�s, P�icltirk� ffir��.�or�.iGal sf::flvlG�� e�ru�vlci¢�rs, s�achq m�� ild� �ius�am�rs, ��wc�gr�-r4y a��J c�w�w,��alRy da7.,wcr+��:c, �s�y�9 U°ka�i', �aiz� dro�v��k�rir.�il ra�{�I�;csi� ra�rnurrrr64�„�ar t;�rroro��iu�Rr� intva�lw�:cl Ir� ar��l � st�rtu: ;�Y:rvicr.a, �wacBi �.a ��r�rr�laa�d �.knn��;�i�pld;�a. I�r.��iur; watrr�+r-�ky s�¢�ro�aarroS��s �mG9 c�%cRt'ava �rar�F?�'rrtic.s 1��a•&iw� r•�cmcsri=., wvt:r i�i�y &pd,�'� prrr�udiRs: wb�n 9;h�'t �ai4�5�iir�;ytilrai^� w� c�eAlNec%., .as ��5cu�f��z� abfl�ve:, @s� a:n��rp7Krendcs �@r�t ra�vPa�rirt r�'�xi-ai°latt¢n�a ��vlc�;5 s'irn �r�ir k��:Yri�l�r cani t��lY�aiP�r:�C ��uu� �PCUVB�ai��e� �Kauarp��d°il�s a�a¢ d�a w�t�tlr�.r fi��orw��:l;�� fiw��l��ak�'�rar� wu99ry wv��raut �w� �^ir u,r�ii a�6f(14at�� r,r�s�rpr,ar7�f�� 4rrq�w�� ,�bu�t� rr�NrkwaG,l�r�s� r��yr�sre��r�p�s„ Former Customers Even if you are no longer our custamer, aur Privacy Policy will cantinue to apply to you. C�srCirle;n�I�fl�y ��al �'�:�uri�y Nd� wIU! aa d� ��wr ��„yt �GBprtx �s� ��p��ua��z th��axt w�u�� i.du��a��Poirorfxa�tl p;r�uw��Vr»s lur�u� �o�a��s a�� rm� aP y�su�� F'�a.��rr��sN 6�a�71''aanr7�V:l��r�� 'u�� r�akrVr.C� ��.�r4^m arc�M 6�a r��ra�� t��r�mr�rr�mr.ion �l�ra�.it �a��i� k� tkre��rs�� Ir7a4rvd�9u.i- il �e��l c�n•Gk¢�I�s w�7�w rr��.�,cG' ta� k�a��r�w Ctl��r �r�f��rrG��w�CpE��r Ccw y�avvdda; �s�^�M�ut4s ��r s�*rvia�e;� �� y�yu� WG� wulVl ti,e�,� fr�ir� ��±+,I �ff�a;°tl�.� tr� hAx�dcr arru�� rr:rsn�^. �a�nr �vir�,loyew� arb�1 �r�rr�r�rk� tla� <a��u�kure tlur�Y �°wl�u W��e�o°��11 4�rY�arrro��4'4�.ia�i whl� iyc i�a��rmaG�e�t r��sq��abara�i&�I� H��aa� �dr ��ni-�a�7re; wl1kx l�f�i;� i'mivv"Mc�y �rqar,y �z�r7,zY 6�e��g7iarr� wuq�c! N�I��s� Arri��e,�oz'� 1��8A• trr��rrn7�a%i�r� V��G�aes. '�F� cu�rw�o7C�y r�i�lixq��9n n�l�ysar�fa ��,�tr¢�a°irvc� �ria� d�ar�7r��l�u��l ad�F�w^puaau�9� 1;Y�e�a� a�w��o�reG��l� �wd��di �a��1��€ ��iu#n�l��r�� a��,rtia� yrm��dr N�+-�r•�E�r��9 6�rfarn��;Er�ia, in�n�`na�tb�a�� v4�ii��cN 11"�rKr�Mg,la ��r �!W?�I� �%t� ��c:a��7i�a��e �ra� Etle�i ��r71�u�r,�9i p:.��i7ro�p C�"ae�ae�r2��irai�a �rw°c ��rr�dtiwe �¢a {�ce�ivati,ry � s��s a:rro q;l��ur. Iiwt�r��t. kN� Vat^[l�+�r� it r;� dPrr�r�� y�ua Ic��i�rw Urarow v,�, flwa.�aG 4��u� Gi��rv��i�w°o �ha�ru�� u wa i�.a.u�ivu raa�i �9�� ➢irtrar�rct�. 3'Am e�w�u�rz�9, y�r�i.w a,�nu r��F f��ra9nrro u�� 1"1r�k "�rrt��°w�v�ap7 or 11� o�attloi��t��° Y�J�kr sifi+�� r� rth�,� "�V�c�lai h��l��a'VW'�� wltP�cru�r�k A,��.�dNir�q� ��flrv w�rl°m�r� yc�ua ��ra� a�r rtr�r��allo�7a� �xvy li�li�rd��w,w6dc�s� �.rl��,u�� y�r��ir�s�4� �ir�a� tMet� s�rv� r; ��arll�d kC�mw� ¢�i+��rw�ira wii�osda;�,s r+�aC ��ik� �_� urro�il adr�;@��,s�,as„ �1" v�i��p1�n�� il�uww� i�n�u��au�.rtd�:�ro��i k ru�KA,r�a��d�l�.�uC tr,u da��r�r:,uar� t�w�: i°r�uanRw'�.r�� u�,u� wl+�#Rs �rv��nayaa lkroa��s�w��i°r4 aarr tlu�= �i�w�er, Fxw�,c�� vim�rr:r� �uas�d ��Ia��bp�r 1��1"t�rrn��lautu. d�i�wrouc�ui ��aar� f°"ii�� +Rrme�r9e�i� u�se S9�p�;w I�i�9'nrarrrma��iu�u ��a iiiar��.kara� NYi�. rx.,a�w �RP yatiai �,��ir ,�a�al k�i ad�*�rr&�.a&a IG��;�� C�� IurJ�mea��!� di�ua� �r��.rrA, �@ tinrP� �ssp��,. 11u��eq. �� 7lauqey, l�o��r�+��r, ��rYuen w� �a�a�ey� na,��^�9 irh�cara�r�stlnn frranti y�ur. �a.ac.Nr �u� yTri.ur� r�tiaat+a. �Ke�tl t!�i��i,inalP a��clr�n��;s. '�+laa�r�� i�ri�d'tfar��u��tion ces�� r��a'a�nt9�:ara, we� wi�d1 r,ise�� airr Yrd�. �� d:�d`��ar�R:� to let you know at W�ys iYo'r�� r�6�-�8bt�.�taoar 3izxwr w� will G� r t,&iu�. ��rrs�rrr�# 9'irfrarP��r��itaar, G.i.,��,•all^y� tl�� i��,a��ur��V Cih�r�a�r�n(r�8r.��r7 �va! c��r-11�ct y� ¢u�w-a��9 cuail�+ ��y us P+� A�:.��r�7��i�tl P�au yrwio� Ia��ucpe�i�y, ra�.,t,t:s�� a�� order or allow you to �m.��:s�� sp�e.�^uRic ��c;couu�lf�ror��fl� in&�r�ry��r�ru, ,VE y�a�a �w1ur.�c7�� ro sC��r+�. �r�r� &��.g��adroa�9 ir�ri��rwa+atlu�ar avfthu �a+,, ww� wvill aasoly �d.�i!� Il (k�� a�acco�ra�8s�rra;�, �wi9�ro t�1u� px�ilr la�ww ��auiE�i^��1 �i��ti�rw. [9��Nnsas� Re�atls�n�kwip�� r��aru�caa� rcaA�[I f 1rs�' �ert�^rh�M�m Fin �rrotl�l Caan u�a�0.ion's sites and its affiliates' sif�ti may conC.Mdrn links to other Web sites. While we try to link only to sites that share our high standards and i t��c:� Crar pw av aa:,y, wc, �w°� not r+.��ua is4�� I'�r the content or the privacy pra��Cices empV��r�;'d by other sites. Cookies a�:ai�uwa �af ��c��rrai��1`s� arnd 1'°�a��'G Fkwm�rl�.��mr"� "uVm.�� 1:�Ps A��Yr�y rr�tnk� use e,��""�a�,roa��l�i�, %sma.�rea7a�@r.a�,y ttr re�s�ar �:;i�rtW :�It�a �ra^k9vity F�rrwr:9 T�� crm��a�r�rk�+f info� aw��reqi�a�v �a� yr�ra��r d��.�.�east�� ae��a��. � cciokie is an uclr,uaGb�l'ak� �sP �Ywt�� $Ma�t a t+�+��w �tl4� �.,�r7 �w�aa�r�r� kr� �rar�ar �;�"��^;�ea�� which asa�y tY�e!�� MlrrG�� C&�u��r a-s�r��,� ��,yfi�r ��rwa� Y��d��r:@ rlrlve. NtR.�srcil��qitl�;s.c�e�t� and V�I�a�hSJ�rn.�.arrow �� rr��,1 e�ryr�rokNrrs, �'9�tr� goal of this tcc��7��uradi;�e�y 65 �C� k��Rker ��,rv� }��ti� w�d��^r wd��idv�u ua.u�,51k�d, sal�^ you Gibua� w�tl��r�.ai y^ra�� i��a;r d��rs� �o7M1 iu� ��rrrana„��q ��u wiPB� � rn+�rr rvu��sr�K�0rr9ful ��y�l ��ra��u��d�rt�� W�lr *�Gf�ta� �xg�gl�rg��9, Fafrinformatlon Values � Faim s We cansider consumer expectations about their privacy in all our businesses. We only affer products and services that assure a favorable balance between consumer benefits and consumer privacy. « public Record We believe that an open public record creates signiFicant value for saciety, enhances consumer choice and creates cansumer apportunity. We actively support an open public record and emphasize its importance and contribution to our economy. w Use We believe we should behave responsibly when we use informatian about a consumer in our business. We will obey the laws governing the collection, use and dissemination of data, u Accuracy We will take reasonable steps to help assure khe accuracy of the data we callect, use and disseminate. Where possible, we will take reasonable skeps ko correct inaccurate inFarmation. When, as wikh the public recard, we cannot correct inaccurate information, we will take all reasonable steps to assist consumers in identifying the source of the erroneaus data sa khat the consumer can secure the required carrectians. � Education We endeavar to educake the users of our products and services, our employees and others in our industry about the importance af consumer privacy. We will instruct our employees on our fair infarmation values and on the responsible collection and use of data. We will encourage others in our industty to callect and use information in a responsible manner. » S�urity We will maintain appropriate facilities and systems to protect against unauthorized access to and corruption of the data we maintain. Effective ate: August 1, 2011 Form 5025548 (7-1-14) Page 12 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas Reques� for Correcdon, Amendment, or Deletlon of Personal Informatfon As requlred by applleable law, we wlll affard yau the rlght to access your Persanal Informatian, under certain circumstances ko find out to whom your Persana6 Informatlon has been dlsclosed, and request correcc�tlon or deletlon of your Personal Information. However, Reunlan's current pallcy 6s to malntain customers` Personal Information for no less than your state's requlred record retention requlrements for the purpose of handling future coverage claims. For yaur protection, all requests made under thls sectlon must be In wrlting and must include your notarized slgnature to establlsh your identity. Where �rmltted by law we may charge a reasanable fee to cover the costs fncurr� fn responding to such requests. Please send requests to; . . .��,�+ r s�� ..� r, t� Changes to this PHvacy Statement This privaey Statement may be amended from time to time consistent wlth applicable prlvacy laws. When we amend this Prlvacy Statement, we wlll past a natlee oF such changes on aur webslte. The effective date of this Privacy Statement, as stated below, indlcates the last tlme thls Privaey Statement was revlsed ar materially changed, Effective Date: August 1, 2011 Form 5025548 (7-1-14j Page 13 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14} Texas � June 09, 2016 City of Denton- Attn: Paul Williamson 901-A Texas Street, 2nd Floor Denton, TX 76209 RE: GF#: 2027-153425-RU Purchaser; City of Denton Properly Address: 2208 E Sherman & 2202 E Sherman, Denton, TX 76209 � �- , � � .�_ ,,y+ ir ,,� .,, �.� . Thank you for your business and trusting Reunion Title with handling this important part of your real estate transaction. We have enclosed the following in connection with the above referenced property: X Owner's Title Policy No. 2027-153425-RU Endorsement Recorded Document(s) We appreciate and look forward to the opportunity of providing our services to you again in the future should you need assistance in refinancing or selling the property insured by the enclosed policy. If you have any questions or concerns, please feel free to contact us. Sincerely; REUNION TITLE Rebecca Arnold Escrow Officer ., - . - . � , � � , #. W . , . - , ., 11TLE INSURANCE AGENT FQR: Commonwealth Land Title Insurance Company, First American Titie Insurance Company. Lawyers Title Insurance Corporation, Old Republic National Title Insurance Company, Stewart Title and Title Resources Guaranty Company 6a� � &i � * ,y ��'� ��w �„\ `� p� •�,'^,�€','�� .!d`�#�..� �. _. .� .� . , _a. �.. , ' � I -� r FirstAmerican Tit/e Insurance Company Attached to Policy No.: 2027-153425-RU File No.: 2027-153425-RU Attached to and made a part of First American Title Insurance Company Policy or Interim Construction Binder Number 2027-153425-RU, this 12th day of February, 2016. Schedule B, Item 6 is amended to include the following exception (� Section 14 of the Conditions of this Policy is hereby deleted. Nothing herein contained shall be construed as extending or changing the effective date of the aforesaid policy or interim construction binder, unless otherwise expressly stated, IN WITNESS HEREOF, the First American Title Insurance Company has caused this Endorsement to be executed by its President under the seal of the Company, but this Endorsement is to be valid when it bears an authorized countersignature, Attest: Fr'r�i American Tit�e Jnsu�-e�c� Cotr�p�n�r a. � � �•� ��s�: ��.,i � �i�,�„��. 3�, ��=��c�i �� /�� '�'i'� � ,.��rr��' :a. i?,c;��sk€� �;�c��a��` Section 14 of the Conditions of this Policy is hereby deleted, By its issuing agent, New Reunion Title, LLC � 2745 Wind RiverLane Denton, TX 76210 (940)382-3030 Fax(940)382-3377 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, FIRST AMERICAN TITLE INSURANCE COMPANY, a Nebraska 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 loss 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. (Covered Risks Continued on Pqge 2 . In Witness Whereof, First American Title Insurance Company has caused its corporate name to be hereunto affixed by its authorized officers as of Date of Policy shown in Schedule A. First American 7itle lnsurance Company � �� I��i9,�yr��79��; a1 &�slYlgca9�r � �nt , � J��Y � r�s�n � r�t�ry ThleJaoket wee weated ekotonloelty end conetltutee an origlnal document (Thls Polby Ia va�ld only when Schedu�s A and B are aHsched) Form 5025548 (7-1-14) Page 1 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas COVERED RISKS (Continued) 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 Knowletlge. 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 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 o� 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. EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of and not disclosed in writing to the Company by the Insured this policy and the Company will not pay loss or damage, costs, Claimant prior to the date the Insured Claimant became an attorneys' fees or expenses that arise by reason of; Insured under this policy; 1. (a) Any law, ordinance, permit, or governmental regulation (c) resulting in no loss or damage to the Insured Claimant; (including those relating to building and zoning) restricting, (d) attaching or created subsequent to Date of Policy (however, regulating, prohibiting or relating to: this does not modify or limit the coverage provided under (i) the occupancy, use, or enjoyment of the Land; Covered Risk 9 and 10); or (ii) the character, dimensions or location of any (e) resulting in loss or damage that would not have been improvement erected on the Land; sustained if the Insured Claimant had paid value for the (iii) subdivision of land; or Title. (iv) environmental protection; 4. Any claim, by reason of the operation of federal bankruptcy, or the effect of any violation of these laws, ordinances or state insolvency, or similar creditors' rights laws, that the governmental regulations. This Exclusion 1(a) does not modify transaction vesting the Title as shown in Schedule A, is: or limit the coverage provided under Covered Risk 5. (a) a fraudulent conveyance or fraudulent transfer; or (b) Any governmental police power. This Exclusion 1(b) does (b) a preferential transfer for any reason not stated in Covered not modify or limit the coverage provided under Covered Risk 9 of this policy. Risk 6. 5. Any lien on the Title for real estate taxes or assessments 2. Rights of eminent domain. This Exclusion does not modify or imposed by governmental authority and created or attaching limit the coverage provided under Covered Risk 7 or 8. between Date of Policy and the date of recording of the deed or 3. Defects, liens, encumbrances, adverse claims or other matters: other instrument of transfer in the Public Records that vests (a) created, suffered, assumed or agreed to by the Insured Title as shown in Schedule A. Claimant; 6. The refusal of any person to purchase, lease or lend money on (b) not Known to the Company, not recorded in the Public the estate or interest covered hereby in the land described in Records at Date of Policy, but Known to the Insured Schedule A because of Unmarketable Title. Claimant Form 5025548 (7-1-14) Page 2 of 13 TX T-1 Owner's Policy ofTitle Insurance (Rev. 1-3-14) Texas CONDITIONS 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. Form 5025548 (7-1-14) Page 3 of 13 2. 3. (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. 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. 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 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 therefor, 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 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas C� 5. 6. CONDITIONS (Continued) tltle 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, 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 (b) condition of payment that the Insured Claimant furnish a signed proof of loss. The praof 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. 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 7. OP or damage to the Insured, The Company may take any TE appropriate action under the terms of this policy, whether or In not it shall be liable to the Insured. The exercise of these foll rights shall not be an admission of liability or waiver of any (a) 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, 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 (b) 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. 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 tlamage. 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. TIONS TO PAY OR OTHERWISE SETTLE CLAIMS; RMINATION OF LIABILITY. case of a claim under this policy, the Company shall have the owing additional options; 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. 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 Form 5025548 (7-1-14) Page 4 of 13 7X T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas CONDITIONS (Continued) obligated to pay; or 11. LIABILITY NONCUMULATIVE. (ii) to pay or otherwise settle with the Insured Claimant the The Amount of Insurance shall be reduced by any amount the loss or damage provided for under this policy, together Company pays under any policy insuring a Mortgage to which with any costs, attorneys' fees and expenses incurred exception is taken in Schedule B or to which the Insured has by the Insured Claimant that were authorized by the agreed, assumed, or taken subject or which is executed by an Company up to the time of payment and that the Insured after Date of Policy and which is a charge or lien on the Company is obligated to pay. Upon the exercise by the Title, and the amount so paid shall be deemed a payment to the Company of either of the options provided for in Insured under this policy. subsections (b)(i) or (ii), the Company's obligations to 12. PAYMENT OF LOSS. the Insured under this policy for the claimed loss or When liability and the extent of loss or damage have been damage, other than the payments required to be made, definitely fixed in accordance with these Conditions, the shall terminate, including any liability or obligation to payment shall be made within 30 days. defend, prosecute or continue any litigation, 13. RIGHTS OF RECOVERY UPON PAYMENT OR 8. DETERMINATION AND EXTENT OF LIABILITY. SETTLEMENT. This policy is a contract of indemnity against actual monetary (a) Whenever the Company shall have settled and paid a claim loss or damage sustained or incurred by the Insured Claimant under this policy, it shall be subrogated and entitled to the who has suffered loss or damage by reason of matters insured rights of the Insured Claimant in the Title and all other rights against by this policy, and remedies in respect to the claim that the Insured (a) The extent of liability of the Company for loss or damage Claimant has against any person or property, to the extent under this policy shall not exceed the lesser of; of the amount of any loss, costs, attorneys' fees and (i) the Amount of Insurance; or expenses paid by the Company. If requested by the (ii) the difference between the value of the Title as insured Company, the Insuretl Claimant shall execute documents to and the value of the Title subject to the risk insured evidence the transfer to the Company of these rights and against by this policy. remedies. The Insured Claimant shall permit the Company (b) If the Company pursues its rights under Section 3 or 5 and to sue, compromise or settle in the name of the Insured is unsuccessful in establishing the Title, as insured, Claimant and to use the name of the Insured Claimant in (i) the Amount of Insurance shall be increased by 10%, any transaction or litigation involving these rights and and remedies. (ii) the Insured Claimant shall have the right to have the If a payment on account of a claim does not fully cover the loss or damage determined either as of the date the loss of the Insured Claimant, the Company shall tlefer the claim was made by the Insured Claimant or as of the exercise of its right to recover until after the Insured date it is settled and paid. Claimant shall have recovered its loss. (c) In addition to the extent of liability under (a) and (b), the (b) The Company's right of subrogation includes the rights of Company will also pay those costs, attorneys' fees and the Insured to indemnities, guaranties, other policies of expenses incurred in accordance with Sections 5 and 7 of insurance or bonds, notwithstanding any terms or these Conditions. conditions contained in those instruments that address 9. LIMITATION OF LIABILITY. subrogation rights. (a) If the Company establishes the Title, or removes the alleged 14. ARBITRATION. defect, lien or encumbrance, or cures the lack of a right of Either the Company or the Insured may demand that the claim or access to or from the Land, all as insured, or takes action in controversy shall be submitted to arbitration pursuant to the Title accordance with Section 3 or 7, in a reasonably diligent Insurance Arbitration Rules of the American Land Title manner by any method, including litigation and the Association ("Rules"). Except as provided in the Rules, there shall completion of any appeals, it shall have fully performed its be no joinder or consolidation with claims or controversies of obligations with respect to that matter and shall not be liable other persons. Arbitrable matters may include, but are not limited for any loss or damage caused to the Insured. to, any controversy or claim between the Company and the (b) In the event of any litigation, including litigation by the Insured arising out of or relating to this policy, any service in Company or with the Company's consent, the Company connection with its issuance or the breach of a policy provision, or shall have no liability for loss or damage until there has to any other controversy or claim arising out of the transaction been a final determination by a court of competent giving rise to this policy. All arbitrable matters when the Amount jurisdiction, and disposition of all appeals, adverse to the of Insurance is $2,000,000 or less shall be arbitrated at the option Title, as insured. of either the Company or the Insured, unless the Insured is an (c) The Company shall not be liable for loss or damage to the individual person (as distinguished from an Entity). All arbitrable Insured for liability voluntarily assumed by the Insured in matters when the Amount of Insurance is in excess of $2,000,000 settling any claim or suit without the prior written consent of shall be arbitrated only when agreed to by both the Company and the Company. the Insured. Arbitration pursuant to this policy and under the 10. REDUCTION OF INSURANCE; REDUCTION OR Rules shall be binding upon the parties. Judgment upon the TERMINATION OF LIABILITY. award rendered by the Arbitrator(s) may be entered in any court All payments under this policy, except payments made for costs, of competentjurisdiction. attorneys' fees and expenses, shall reduce the Amount of Insurance by the amount of the payment, Form 5025548 (7-1-14) Page 5 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas CONDITIONS (Continued) 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE 16. SEVERABILITY. CONTRACT. In the event any provision of this policy, in whole or in part, is (a) This policy together with all endorsements, if any, attached held invalid or unenforceable under applicable law, the policy to it by the Company is the entire policy and contract shall be deemed not to include that provision or such part held between the Insured and the Company, In interpreting any to be invalid and all other provisions shall remain in full force provision of this policy, this policy shall be construed as a and effect. whole. 17. CHOICE OF LAW; FORUM. (b) Any claim of loss or damage that arises out of the status of (a) Choice of Law: The Insured acknowledges the Company the Title or by any action asserting such claim, shall be has underwritten the risks covered by this policy and restricted to this policy, determined the premium charged therefor in reliance upon (c) Any amendment of or endorsement to this policy must be in the law affecting interests in real property and applicable to writing and authenticated by an authorized person, or the interpretation, rights, remedies or enforcement of expressly incorporated by Schedule A of this policy. policies of title insurance of the jurisdiction where the Land (d) Each endorsement to this policy issued at any time is made is located. a part of this policy and is subject to all of its terms and Therefore, the court or an arbitrator shall apply the law of provisions, Except as the endorsement expressly states, it the jurisdiction where the Land is located to determine the does not (i) modify any of the terms and provisions of the validity of claims against the Title that are adverse to the policy, (ii) modify any prior endorsement, (iii) extend the Insured, and in interpreting and enforcing the terms of this Date of Policy or (iv) increase the Amount of Insurance. policy. In neither case shall the court or arbitrator apply its Each Commitment, endorsement or other form, or provision conflicts of laws principles to determine the applicable law. in the Schedules to this policy that refers to a term defined (b) Choice of Forum: Any litigation or other proceeding brought in Section 1 of the Conditions shall be deemed to refer to by the Insured against the Company must be filed only in a the term regardless of whether the term is capitalized in the state or federal court within the United States of America or Commitment, endorsement or other form, or Schedule. its territories having appropriate jurisdiction. Each Commitment, endorsement or other form, or provision 18. NOTICES, WHERE SENT. in the Schedules that refers to the Conditions and Any notice of claim and any other notice or statement in writing Stipulations shall be deemed to refer to the Conditions of required to be given to the Company under this Policy must be this policy. given to the Company at First American Title Insurance Company, Attn: Claims National Intake Center, 1 First American Way, Santa Ana, California 92707. Phone: 888- 632-1642. � �� . �� ,� � .,�� ,, Form 5025548 (7-1-14) Page 6 of 13 TX T-1 Owner's Policy ofTitle Insurance (Rev. 1-3-14) Texas ,�. S � � � � ffi � fi � , . �� `''�,�� ,.��!�� .. , , . Owner Policy of Title Insurance (T-1) ISSUED BY First American Title Insurance Company POLiCY NUMBER 2027-153425-RU Name and Address of Title Insurance Company: First American Title Insurance Company, 1500 South Dairy Ashford, Suite 300, Houston, TX 77077. File No.: 2027-153425-RU Date of Policy: 02/12/2016 at 11:14 am Address for Reference only: 2208 E Sherman & 2202 E Sherman, Denton, TX 76209 Amount of Insurance: $299,500.00 Premium: $1980.00 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 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: BEING a 1.059 acre tract of land situated in the S. McCracken Survey, Abstract No. 817, City of Denton, Denton County, Texas, and being known as all of those tracts of land described as Tract I and Tract II in a Deed to Williams Rentals, L.L.C., as recorded in Document No. 2010-79727 of the Official 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 East line of Sherman Drive (F.M. Highway No. 428, a 100' wide right-of-way), said point being the most Northerly corner of the above cited Tract II, said point also being in the West line of Cambridge Square Subdivision, per the Final Plat recorded in Volume 4, Page 38 of the Plat Records of Denton County, Texas, from which a 3/4 inch iron rod found for the most Westerly Northwest corner of said Cambridge Square Subdivision bears North 00 degrees 46 minutes 18 seconds East a distance of 13.30 feet; THENCE South 00 degrees 46 minutes 18 seconds West (South 01 degree 15 minutes 46 seconds West - Deed) along the East line of said Tract land Tract II, and along the West line of said Cambridge Square Subdivision, for a distance of 413.46 feet (410.14 feet - Deed) to a 5/8 inch iron rod set for the Southeast corner of said Tract I, said point being the Northeast corner of a called 1.215 acre tract of land described in a Deed to the City of Denton, Texas, as recorded in Document No. 2015-104220 of the Official Records of Denton County, Texas, and the Southwest corner of Lot 5, Block A of said Cambridge Square Subdivision, from which a 1/2 inch iron rod found for the Southwest corner of Lot 10, Block A of said Cambridge Square Subdivision bears South 00 degrees 46 minutes 18 seconds West a distance of 195.25 feet, and a 1/2 inch iron rod found for the Southeast corner of said Lot 5 bears North 60 degrees 55 minutes 07 seconds East a distance of 186.15 feet; Form 5025548 (7-1-14) Page 7 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas THENCE North 89 degrees 33 minutes 44 seconds West (North 87 degrees 27 minutes 55 seconds West - Deed) departing the West line of said Cambridge Square Subdivision, and along the South line of said Tract I and the North line of said 1.215 acre tract, passing a 1/2 inch iron rod found at a distance of 2.41 feet, and continuing along said line for a total distance of 223.18 (214.44 feet - Deed) feet to a 5/8 inch iron rod with cap stamped "TNP" set for the Southwest corner of said Tract I, and being in the East line of said Sherman Drive; THENCE North 29 degrees 03 minutes 19 seconds East (North 29 degrees 08 minutes 06 seconds East - Deed) along the East line of said Sherman Drive, for a distance of 471.00 feet (458.57 feet -Deed) to the POINT OF BEGINNING, and containing 1.059 acres (1.009 acres - Deed) of land, more or less. Note: The company is prohibited from insuring the area or quantity of the land described herein. Any statement in the above legal description of the area or quantity of the land is not a representation that such area or quantity is correct, but is made only for informational and/or identification purposes and does not override Item 2 of Schedule B hereof. By its issuing agent, New Reunion Title, LLC Form 5025548 (7-1-14) Page 8 of 13 TITL 2745 Wind RiverLane Denton, TX 76210 (940)382-3030 Fax(940)382-3377 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas , �� .� � ~ �� -�� ,.+^r""� "� .e��, L�""'�� , , �` � File No. 2027-153425-RU Owner Policy of Title Insurance (T-1) ISSUED BY First American Title Insurance Company POLiCY NUMBER 2027-153425-RU EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorney's 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: The following restrictive covenants of record itemized below: (the Company must either insert specific recording data or delete this exception) Item 1 of Sch��ule B is�hereby deleted in its entirety. 2. Shortages in Are�r. � Homestead or community properly or survivorship rights, if any, of any spouse of any Insured. Any titles or rights asserted by anyone, including but not limited to, persons, the public, corporations, governments or other entities, a. Q �� to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or to filled-in lands, or artificial islands, or to statutory water rights, including riparian rights, or 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 2016, 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. 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 whether listed in Schedule B or not. There may be leases, grants, exceptions or reservations of mineral interest that are not listed. b, Rights of parties in possession and rights of tenants under any unrecorded leases or rental agreements. Form 5025548 (7-1-14) Page 9 of 13 TX T-1 Owner's Policy ofTitle Insurance (Rev. 1-3-14) Texas c. Easement and rights of third parties, if any, as to overhead electric lines, power poles and guy wires, water meter, telephone riser, Atmos gas test station, electric meters and gas meters as shown on survey of Teague Nall & Perkins, certified to by Todd B. Turner, R.P.L.S. #4859, dated 10/13/2015,. d. Wood fence encroachment along a portion of the East side as shown on survey of Teague Nall & Perkins, certified to by Todd B. Turner, R.P.L.S. #4859, dated 10/13/2015. e, Title to all coal, lignite, oil, gas and other minerals in, under and that may be produced from the land, together with all rights, privileges, and immunities relating thereto, all of such interest, to the extent not previously reserved or conveyed, being reserved or conveyed in instrument filed 02/12/2016, recorded in cc# 2016-15374, Real Property Records, Denton County, Texas. Title to said interest not checked subsequent to the date thereof. Form 5025548 (7-1-14) Page 10 of 13 TX T-1 Owner's Policy of Title Insurance (Rev, 1-3-14) Texas � � � � � 8 Important Notice � _. �- � � ��'� �rM' ISSUED BY �� First American Title Insurance Company .��' � � �'� � . �,. �. _....�..�.. �..........�. �........... �,� � IMPORTANT NOTICE AVISO IMPORTANTE To obtain information or make a�arar�rfait�t.• Para obtener informacion o para presentar una queja: You may ca/l First American Title Insurance Company's tol% Usted puede llamar al numero de t�lef�nv gratuito de First free te%phone number for information or to make a American Title Insurance Company's para informacion o para �arr7pJ�rrrt at.• presentar una queja al.• iy��,�a632-i642 i-888-632-1642 You may also write to First American Title Insurance Usted ��rn�ier� puede es�rrt�ir a First American Title Insurance Company at.• C'�n�p�n�:' 1 First American Way 1 First American Way Santa Ana, �'�1�far�i� 92707 Santa Ana, ��IiJ�r�ria 92707 You may contact the Texas i�,�,t�artrr��r�t of Insurance to Usted puede comunir.��e con el t��r�r��rn��to de Seguros de obtain info�mation on companies, co�ra��s; rights or Texas para obtener trrfor�rrac°�c�s� sobre c��ana,ra�rai��', �'c��rierr��, �c�n�p%rtrts at.• derechos, o quejas aL• i ��'t�e�-�"5�"-3439 1-800-252-3439 You may write the Texas Department oflnsurance: Usted puede �;sc�rr"tair al t��p�rt�rnertto de Seguros de Texas a: P. O. Box 149104 P.O. Box 149104 Austin, TX 78714-9104 Austin, TX 78714-9104 Fax.• (512) 490-i007 Fax.• (Si2) 490-1007 Web: http://www, tdi, texas.gov Web: http://www, tdi. texas gov E-mail.• ��+n.�unr��rPrc�tectionC�tdi.texasgov E-mail.• �"r�r�.��rrr��^rPiatectionC�tdi.texas.gov PREMIUM OR CLAIM DISPUTES: DISPUTAS POR PRIMAS DE SEGUROS O Should you have a dispute concerning your premium or RECLAMACIONES: about a claim you should contact First American Title Si tiene una disputa re/acionada con su prima de seguro con Insurance Company first. If the dispute is not resc�lv��i, you una redamacion , usted debe comt,rnr��r�� con e/ First American may contact the Texas ��y��rtnrer�t of Insurance. Title Insurance Company �a�rrr�ra. Si la disputa no es r�scr�/t��, usted puede comurrr'cars� con el G��r��rr��,�rrto de Seguros de Texas. ATTACH THIS NOTICE TO YOUR POLICY.• This notice is for information only and does not become a part or condition of the attached document. ADIUNTE ESTE A VISO A SU POLIZA; Este aviso es solamente para ,�r�;rs�+srtc�s informativos y no se convierte en parte o en con�i�ivr� del documento adjunto. Form 50-TXNOTICE (5-27-15) Page 1 of 1 —� M rc f"�rt��Mandatory Complaint Notice (6-1-15) Texas Form 5025548 (7-1-14) Page 11 of 13 TX T-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas R P VACY STATE E T ��;, �, ° � � �n �fR yi �4.,. M'{ °�� _ ��'°� �.�� .. �..� l J' / Reunion Title ("Reunion'� is a wholly owned subsidlary of First American Title Insurence Company. Reunion and its subsidiary and affiflated companies respect the privacy and securiry oF your non-publlc personal Informatlon ("Personal %nformation'� and protecting your Personal %nformation is one of our top prioritles. This Privacy Statement explains Reunion's privacy practices, including how we use the Personal %nformation we receive from you and from other specified sources, and to whom it may be disclosed. Reunion follows the privacy practkes described in this Privacy Statement and, depending on the business performed, Reunlon may share informatbn described herein. Ap�FPcal�ilily f971� i�rrv�cy f�crfk�y r��averats alkr usc aS the iati[s�dma�ti�rs �l��t y�a� �rr�v8�3e to us. Tt d�es e��t r�ri�m the menner in which we may use information we have obtained from any other source, sa��h �s in�crrr�o�tti�ar e�ka6rt�c1 �ra�sQ ��ubllr; rc�rgl c�r fr�a�a� ��iatYt�r �rson or ent�ky. C��w��ksn ��d First American have also adopted broader guldelines that govern our use of Personal lorfc�rrt,+�tetara ri;��r€#C�ss e�f its �ai�:c. Flrst llneerl��a� c�li� 41i�s� c�aEis�ss6lnes its Fair i€�isrern�llun Values. lypes of Informatlon Depending upon which of our services you are utilizing, the types of nonpublic Personal %nformation that we may collect include: • %nformation we receive from you on applications, forms and in other communications to us. whether in writing, in person, by telephone or any other means; t %nformation about your transactlons with us, our affiliated companies, or others; m Information we receive from a consumer re�rting agency; and + Informatlon from you through our Intemet websites, such as your name, address, email address, Intemet Prot�ol address, the website links you used to get to our websites, and your activity while using or reviewing our websites. Uses of Informatlon 4Ve r€.My�a�;st �rofe�r��a�d�r�r frrs¢�a yu[a rr�r �a�r r�wrr� 1�yi�irn�te iwsia��ss q��rpr�se� ��id nat fc�r tka� Y��7e�`it crf ��ry rsadrai#Pl�t� ��arty. i��er�fcrre w�: wi91 �7s�t refeas� yc�ur �}ers�nai 9rif4rars�4lan tra r�ao7�[�wi'r�Eed �ar�les �xc�ik, � 1} as rti�c.��aoy for us tsa �,rr�vidr� t€3e �arrac3s�et crr sesvrr� yrrar t��va: rr�tiw�c.,�s6s�1 trf tissy c�r {2) .�s qa��r€iit:teci �ay ��w. W� v��wy, 9�:r�vu�vr�r, stare s�c €s Infa�rrrq�tf�rs In�i��I�wtteGy I�P�H�1��zs� �I�e a�r��c9 �fter w€�dcl� aa�y csastta�aroer reCa9�c��isMsi�7 h�s r:e��i. �u�k� �sSF�arrr��ticrar r�ary iac� us��9 frr ��y iraterne�l iur �, 5ur.i� as cd��itty cvrstrc�l eff�rts o� cust�rm�s• ara�Cysis V�� ws��ay �G�rs �Qcrvi�9e a91 �f tEr� t�ms af t�ersocj�i �Mst'nrmaticvn C�stec� �bove ta c��r� ur r�rarc. bt'rrue aifilr�ic:it cn��nses. ��ac� ��rl(�tc�� res��tip�a��i�s �r�ciaar�� tsnar�ci�h servie� �r9v�ci�rs, sai�ch� as P�ti� �n�tar�es, yrnsg�riY ar�r� r;�s€a�b�iy It��kr��, �rfc9 trr�sl �aicY �rrvesim�nC �uls€�ry tc�rAr�3��sics, c�r c�:faar��cs3�s €irv�fua�i Igr r�aS �stal� s�rv"set�s, ��c�� s �{a�a�is:sl s:a�rnl�c��s. h�ru5� u1�€ r�nty cor��a�nles �ruf e�c�cr�v ��m+�raa�s. Fir�kk�rm�r�F wa� rnaY alsc� )sr��vdsi� �31 the. ;r�ierrazcaF:i�a1 u�e t�il#�,�ct, a� �fesco iP�et3 ��5av�, t� �arr�Ea��les t9��t ��[�rrrn d�edt�k�r�� sc:r�ices urr q�r {�haaff, a�� beMa[d' e�9 �ur �ffifkat��k eam��rslcs e+r tss s�tEas^� isc�xncind ls�slit�aldni�s vri€lro w��a we �sr c�ur affiPraCr� cc�m��nics 6i�v� 9a1�7E rayark�tir�c� ac�r�+�m��t�, Former Customers Even if you are no longer our customer, our Privacy Policy will continue to apply to you. +�onfictw�ro[ialily aa�d S�c��'ity uVe wVEI us� our #xsl �F€nH:s tc� ec7sair� itaat ��a u�7�i�[I7�ri�e�E �a��ties ��v� ��ceas �cr �ny csf yaur �ersraw�aS flr}Prrcm�tfon, 4'�e �sd�act sc�ess �€r #��r�rr�l Es7[taerri,ation aV��ait ya�sa i€r [bi�rse l�ittaui�uaks �r�l �estit€�s �al7� rkc�l [�a kd7�rw tYt�t irafrarrn�#Ir�r� t�a garuvP�9e $�f�civats e�r sedvlc� tu yr�+a. Wr= ws�3 €�s� as�r ��t eft�ar�s t� tr�ss� �si�l +a�r�;esee oErw• � m foye� �nr� ac�enPs 4s�,ensure 4��€ ycrur i��rs��B Frrft�r�rr��dcrai uriii i�� 9�aiwsll� r��.,�n��biy �r�e1 sQr accc�r�i�nce wttlr tCris ��uva�y �r�lic�+aiuri ii€��nPt�n �s�d f�irst Rs'3Er�c�aYs ��,pr infrarFnat'r�s� Va��es. We �s��rirat9y pti�intain s78�y�acai, c6cc€ra�s�lc� ran�G {�err�e�Cr�r�k saf�Gr�ra�� tlR��t maw4��ky �vi�9j �ede�r,�i regul��le�rks tea i�sa�r�t y�aur £'�rscr��l �nlr�rrnat�rrr. Inform�Esn�� t1ka�Pned Thr�i€�gh ��r 4�tel� S�t� Y��u�ii�ara �ts�1 �Irst ��a�c�Ge��u Frr�^ri�a�6 C�irpbraiirar� are� se�a�iYwu� t� �,rriv��y issu�s G�� iP�� ➢�tere�et. St�� h�E�*j+� r� i� I�€�9�r�rt�jrh y�� kna�w i�s�W we lr�;at tkrF� I�af�rmiatU�rs �Eaa�at y��+ we re€�d+r� nn k�e Teii�rn�t, tr� yeri�:r�1, y��€ card vEsi3 R�:uriir�ra e�a 3"drst Ar��r�a€� �r s4� �I'fiN�t2s' We€a s,Ees os� tl�e Waski Wfa3�. Wcf� �vithasat ��Ilin� ��s v�#�� ye�a� �r� �rr r�ua�alidu] any Int�rm�stion �hca€at yc7�sr�elf, dJ��r We� s�av�rs ec�ll�ct tfie E1s�mat� ra�ra��a, rtr�3 tF�� Eror�ll �rlatrr�sses, �f vl��trar� ih�ls ir��eniaiipr� is ag§�re��tc�7 tcr rnea!��sra tiie a�+E�tF9e�€• c�� vlsits, av�ray� �G�3�e :s��e��rt on Gfte site, px�ges vierver� �a1w3 s�rzilPar la�F€arr�tlr�n, Ticu�i�rr� �o3r.9 FB�t q�3�ri��n aks� Ef�ba� rr9f�ar��Cltrrs t�r d�e�sa�3�e tha ta�: rr6 r��r �it� �s�rl t� �i�:vrfsr� f�eas �fl i¢��3ra�rv tkr� c��tera� a! �ear sdde. ll�¢:rr.�� rs� [in�es, B�o�vever; wYne€� w� ru�ay n��c�k lnf�r��ebr°�ti�rsr fr�srri y+a�� sr�cW�r �s yaa�r �r�anie ��7i1 eniail ��ir�re�. W��r:e� It7fqcrt�akl�ari 3s o�ee!rle�, w� wkll usc o�� N��?sF etf�rrts to let you know at CE�€� t6a7r� �yf ct�lle�:'tiorr Naauv we w911 usz� tkse Pers+�s��9 io�faarrrr7tl��r. Usra�9ly, the F'�rsc�r��i Pr�fc�o�n�atictn w� cal�ett is user! r�r��y 6ay ��s 4r� re��a��4 trr ysa�� tnquatry, 9�uss ��rs order or allow you to �€r�� spae�aFi�: �e€�oi�r�tl9ar��kG� Ir�Fc�rrc�aiic�e�. if yr�As �h�5� 4� slaar� aru� �r�r�saro:�� 9��fss�riatkrsro wrt€i sks, w� w6il �3o�hy u�� rt IE� �cu�rcl��9s:� wdt.4t Egie �,ki�l�� sa4��lii��+� �1�rav�. 64usin�ss Rel�ti��hips R�tprs3s�ai an�R Cir�t asosu�rl��rr Financial �c�rg3r�r�tion's sites and its afFiliates' sites may contain Ilnks to other Web sites. While we try to link only to sites that share our high standards and r�e,��ecP (rar �arku�cy, we �r� not resporrsib�e �trr the content or the privacy practices employed by other sites. Cookies Sta��u uF 1Z�car�r�arr`s �nc� FQr�i s�sM�c r k�3�'s W�ia �dt�s may make use c�6 "cc7a�.�" #ei3�rsal�y �u rrj��ssure� s�te �s:tdwly �rdre9 t¢a cssst�rr9li�� inforr�s¢C��ar� [rs ys�sa� ��e��rrT�E l�ss4�s. A cF7a�kde is an e9�srie€rt uE t1�4� thir[ � We�s �ii�: a:�rz sz;r�r� tc� yr�a�c browser, which raa�ry kYr�r� 5t€�� !]t� ccu�klc �at y�icr lxar�i ctrbv�. Re¢�c�u�i�iiil�.esa€eu and @'i� sUlrrs ��an� �ase stcsreci �ukies 'i"h� ��sl of this t�ch€ar�lc��y �s [c� k�t9:er s��vc yau avhc s7 vas�Eln€3 s�t�r site, save you t�n�e �f�ec� vc�u �r� [�er� �r�si it� prcralG�c* yc�Ea wilh a c9�c�r� m�aniri9ful �er�# pres�t��:�ive We� ssle ex��ra�r��e. Fair Informatlon Values e Falmess We conslder consumer expectations about their privacy in all our businesses. We only offer products and servlces that assure a favorable balance between consumer benefits and consumer privacy. + Publlc Record We belleve that an open public retord creates significant value for society, enhances consumer choice and aeates consumer op�rtunity. We actively support an open public record and emphasize its importance and contribution to our economy. • Use We believe we shouW behave responsibly when we use information about a consumer in our business. We will obey the laws goveming the collection, use and dissemination of data. * Accuracy We will take reasonable steps to help assure the accuracy of the data we collect, use and dlsseminate. Where possible, we will take reasonable steps to correct inaccurate inFormatlon. When, as with the publ� record, we cannot correct inaccurate information, we wilB take all reasonable steps to assist consumers in identifying the source of the erroneous data so that the consumer can secure the required corrections. > Educatlon We endeavor to educate the users of our products and services, our emptoyees and others in our industry about the importance of consumer privacy. We will instruct our employees on our fair information values and on the responsible collection and use of data. We will encourage others in our Industry to collect and use information in a responsible manner. + 5ecurity We wlll maintain appropriate facilities and systems to protect egainst unauthorized access to and corruption of the data we malntain. Form 5025548 (7-1-14) Page 12 of 13 Effective Date: August 1, 2011 7X i-1 Owner's Policy of Title Insurance (Rev. 1-3-14) Texas R�uests for Correctlon, Amendment, or Deletlon of Personal Informadon As requlred by appllcable law, we will afford you the rlght to access your Personal %nformatlon, under eertaln clrcumstances to flnd out to whom your Personal Informatlon has been dlsclosed, and request correetlon or deletlon of your Personal Informatbn. However, Reunlon's current policy Is to malntaln customers' Personal Informatlon for no less than your state's required reeord retentbn requirements for the purpose of handling future eoverage elalms. For your protection, all requests made under thls sectlon must be In wrlting and must Include your notarized slgnature to establlsh your ldentity. Where �rmitted by law we may charge a eeasonable fee ta eover the costs Incurred In res�nding to such r�uests. Please send requests ta: Reunlon lltle Peter S. Gref C�nerel Counsel 2626 Howell Street, lOth Floor DalPas, 7exas 75204 Chanpes to thls Prlvacy 5ta�ment Thls prlvacy Statement may be amended from tlme ta tlme conslstent wlth appllcable pHvacy laws. When we amend thls Privacy Statement, we will post a notice of such changes on our website. The effective date of thls PHvacy Statement, as stated below, Indlcates the last tlme thls Prlvacy Statement was revlsed or materially ehanged. Eff0ct1V0 Date: AUgUSt 1, 2011 Form 5025548 (7-1-14) Page 13 of 13 TX 7-1 Owner°s Policy of TitBe Insurance (Rev, 1-3-14} Texas