20-1043S:\Legal\Our Documents\Ordinances\20\Consent to Collateral Assignment of Huff to HVOS Financial.doc
ORDINANCE NO. 20-1043
AN ORDINANCE OF THE CITY OF DENTON APPROVING A CONSENT TO
COLLATERAL ASSIGNMENT OF AN AIRPORT LEASE BETWEEN JAMES W. HUFF
AND NANCY HUFF, ASSIGNORS, COVERING PROPERTY AT 4710 LOCKHEED LANE,
AND HVOS FINANCIAL, LLC, AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, James W. Huff and Nancy Huff (collectively, "Huff') leased property from
the City of Denton, a Texas home -rule municipal corporation (the "City") at the Denton
Enterprise Airport, as evidenced by that certain Airport Land Lease Agreement executed March
10, 2020 (the "Lease"); and
WHEREAS, Huff has agreed to collaterally assign its interest in the Lease to HVOS
Financial, LLC, ("Bank") as evidenced by.that certain Deed of Trust, dated March 20, 2020; and
WHEREAS, the Lease requires written consent of the City for the Collateral Assignment
to be effective and Huff, has requested the City for such consent; and
WHEREAS, at the June 26, 2020 meeting of the Council Airport Committee, the
Committee recommended that the City approve the Consent by a vote of 3 to 0; and
WHEREAS, the City Council deems it in the public interest to give consent to the
collateral assignment contemplated above; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The findings and recitations contained in the preamble of this Ordinance
are incorporated herein by reference.
SECTION 2. The City Manager, or his designee, is hereby authorized to execute a
Consent to the Collateral Assignment of Lease in the form attached hereto as Exhibit "A" and
made a part of this Ordinance for all purposes.
SECTION 3. This Ordinance shall become effective immediately upon its passage and
approval. ,
The motion o approve this ordinance was made by { and
seconded by , the ordinance wa assed anroved by
the following v e r CD 1:
Aye Nay Abstain Absent
Chris Watts, Mayor: I--,-
Gerard
/
Gerard Hudspeth, District 1:
,✓
Keely Briggs, District 2:
✓
Jesse Davis, District 3:
1
John Ryan, District 4:
Deb Armintor, At Large Place 5:
Paul Meltzer, At Large Place 6:
PASSED AND APPROVED this the day of , 2020.
CH CWZATTS, MAYOR
ATTEST:
ROSA RIOS, CITY SECRETARY
BY:
APPROVED AS TO LEGAL FORM: 4
AARON LEAL, CITY ATTORNEY ��'l0 N , ���
DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146C1E913
CONSENT TO COLLATERAL ASSIGNMENT OF LEASE
This Consent to Collateral Assignment of Lease is made between the City of Denton, a
Texas home rule municipal corporation ("City" or "Landlord', James W. Huff and Nancy Huff;
("Assignor") and HVOS Financial, LLC, a Texas limited liability company ("Assignee').
WHEREAS, the City is the sole owner and landlord of a pad site at Denton Enterprise
Airport located at 4710 Lockheed Drive, Denton Enterprise Airport (the "Property"); and
WHEREAS, the Property is subject to a ground lease, described as the Airport Lease
Agreement dated effective March 10, 2020, by and between the City, as Lessor, and James W.
Huff and Nancy Huff as Lessee (the "Lease"); and
WHEREAS, Assignee provided financing for the purchase of the Leasehold Estate and
certain improvements on such ground leased property (the "Leaseholdf)Estate'); and
WHEREAS, for the purpose of securing and enforcing the payment obligations of Assignor
to Assignee, Assignor now wishes to collaterally assign the Lease to the Assignee through the
Leasehold Promissory Note attached hereto as Exhibit "A;" and
WHEREAS, Section 8.4 of the Lease provides that it may not be collaterally assigned
without the written consent of City, at City's sole discretion, and Assignor has requested the City's
consent; and
WHEREAS, Section 8.5 of the Lease provides preconditions that must be met before the
City will consent to a collateral assignment and those preconditions have been satisfied or are
silt i sfied herein;
NOW THEREFORE, in consideration of the mutual covenants set forth herein and for
other good and valuable consideration, the receipt and sufficiency of which is hereby
acknowledged, the City hereby consents to Assignor's collateral assignment of the Leasehold
Estate to Assignee, through the Leasehold Promissory Note (the "Collateral Assignment") attached
as Exhibit "A," under the following terms and conditions.
1. Assignor shall pay to the City a transfer fee of One Thousand Dollars ($1,000.00) in
connection with the City providing its consent to the Collateral Assignment of the
Leasehold Estate.
2. Assignee certifies that it has reviewed the Lease and accepts the provisions applicable
to the Assignee as Lender, including but not limited to Section 8.5.
3. Assignee shall give the City copies of any written notice which Assignee gives to
Assignor of any default by Assignor under any financing agreement, promissory note,
or the Collateral Assignment at the same time it gives notice to the Assignor. Any such
notice shall be delivered as follows:
Page: 1 QV
DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146C1E913
City Manager
City of Denton
215 E. McKinney
Denton, Texas 76201
with copies to:
Airport Manager
Denton Enterprise Airport
5000 Airport Road
Denton, Texas 76207
City Attorney
City of Denton
215 E. McKinney
Denton, Texas 76201
4. The City agrees to provide Assignee a contemporaneous copy of all written notices
provided to Assignor under the Lease. Wherein a notice of default or breach has been
provided by the City to Assignor and Assignee, Assignee shall be entitled, at its option,
to cure such default or breach, and the City shall accept such cure from Assignee. If
the default or breach is not cured as provided under the Lease, the City shall have the
remedies available to it as set out therein. Any notice to be delivered from City to
Assignee shall be delivered to the following:
HVOS Financial, LLC
Attn: Tony Riley, Managing Partner
PO Box 827
Argyle, Texas 76226
Should Assignee foreclose or otherwise obtain Assignor's rights and interest in the
Leasehold Estate, the City will not unreasonably withhold its consent to an assignment
by Assignee to future successors upon being provided with the potential successor's (i)
financial statement, (ii) confirmation of no outstanding takes, liens, or judgments, and
(ii) a demonstrated history of aviation experience. The City shall be the sole judge of
any potential successor's qualifications, which shall be reasonably exercised.
6. In the event of any inconsistency between the terms and conditions of the Lease and
the terms and conditions of this Consent, then the Lease shall govern and control.
7. If any provisions of this Consent shall be held or deemed to be illegal, inoperative, or
unenforceable, the same shall not affect any other provisions contained herein; the
remaining provisions to remain in full force and effect.
8. The City hereby represents and warrants that this Consent is made with proper authority
under Ordinance.
Page 2 P�
DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146C1E9D
9. Assignee, its authorized representatives or agents, may, upon reasonable advanced
notice (written or oral) to Assignor and City and at any reasonable times, enter the
Property for the purposes of inspecting, repairing, or removing personal property.
Assignee may further, upon reasonable advanced written notice to City and Assignor
and at reasonable times, enter upon the Property to exhibit or conduct a sale(s) of any
or all of the collateral pledged to Assignee, subject to the City's interests under the
Lease.
10. This Consent to Collateral Assignment shall be governed by and construed in
accordance with the laws of the State of Texas. Exclusive venue for any action related
to this Consent shall be solely in a court of competent jurisdiction in Denton County,
Texas.
11. This Consent to Collateral Assignment of Lease will bind and inure to the benefit of
the parties, their heirs, executors, administrators, successors in interest, and assigns.
IN WITNESS HEREOF, the parties have executed this Consent to Collateral Assignment
of Lease as of the Date written below.
[Signatures on following page]
Page 3
DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146C1E91D
ATTEST:
ROSA RIOS, CITY SECRETARY
By:
THIS AGREEMENT HAS BEEN
BOTH REVIEWED AND APPROVED
as to financial and operational
obligations and business terms.
oocuSigma W.
�gatsy}+�,raaaA_
Director—Airport, Capital Planning, Facilities
Date Signed: 5/27/2020
APPROVED AS TO LEGAL FORM:
AARON LEAL, CITY ,ATTORNEY
By.
�— ! 1.
Page 4
James Nancy
By:
Name: mes W. xu#i�nd cy ..Huff
f /
ASSIGNEE:
HVOS F' ial, LLCM"st/�-
By:
Name: Rick Alderson
Title: Managing Partner
CITY OF DENTON
Landlord
0
Todd xileman
City Manager
DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146CIE91)
Exhibit A
Ee Ui3ul R&T13 iiVW"�
(this "Note")
Borrowers: James W. Huff, Jr. of'Argyle, Tx. 76226 and Nancy Huff. of'Argyie Tx.
76226 (collectively and individually the "Borrower"
Leader. HVOS Financial, LLC of PO BOX 827, Argyle Tx. 76226 (the "Lender")
Principal Amount: $100,000.00 USD
1. FOR VALUE RECEIVED, The Borrower promises to pay to the Lender at such address as may
be provided in writing to the Borrower, the principal sum of $100,000.00 USD, with interest
payable on the unpaid principal at the rate of 5.08 percent per annum, calculated monthly not in
advance, beginning on February 25, 2020.
2. This Note will be repaid in consecutive monthly installments of principal and interest
commencing on April 15t, 2024 and continuing on the first of each following month until March
1st, 2030 with the balance then owing under this Note being paid at that time.
3. Notwithstanding anything to the contrary in this Note, if the Borrower defaults in the
performance of any obligation under this Note, then the Lender may declare the principal
amount owing and interest due under this Note at that time to be immediately due and payable.
4. The Borrower shall be liable for all casts, expenses and expenditures incurred including, without
limitation, the complete legal costs of the Lender incurred by enforcing this Note as a result of
any default by the Borrower and such costs will be added to the principal then outstanding and
shall be due and payable by the Borrower to the Lender immediately upon demand of the
Lender. in the case of the Borrower's default and the acceleration of the amount due by the
Lender all amounts outstanding under this Note will bear interest at the rate of 18.00 percent per
annum from the date of demand until paid.
S. This Note is secured by the following security (the "Security"): First Mortgage Lien upon The
Leasehold of The aircraft hangar located at KDTO airport, Benton, Tx.
Further described as 4710 Lockheed, Denton, Tx.
Page 1 of 5
DocuSign Envelope ID: 53521A21-136132-41`19-BAEE-0305146C1E91)
Promissory Note Page 2 of 5
See exhibit A & B.
6. The Borrower grants to the Lender a security interest in the Security until this ]dote is paid in
full. The Lender will be Iisted as a lender on the title of the Security whether or not the Lender
elects to perfect the security interest in die Security.
7. If the Borrower defaults in payment as required under this Note or after demand for ten (10)
days, the Security will be immediately provided to the Lender and the Lender is granted all
rights of repossession as a secured party.
S. If any term, covenant, condition or provision of this Note is held by a court of competent
jurisdiction to be invalid, void or unenforceable, it is the parties' intent that such provision be
reduced in scope by the court only to the extent deemed necessary by that court to render the
provision reasonable and enforceable and the remainder of the provisions of this Nate will in no
way be affected, impaired or invalidated as a result.
9. This Note will be construed in accordance with and governed by the laws of the State of Texas.
10. This Note will enure to the benefit of and be binding upon the respective heirs, executors,
administrators, successors and assigns of the Borrower and the Lender. The Borrower waives
presentment, for payment, notice of non-payment, protest and notice of protest,
11. The Interest rate to be recalculated after 5 years
to Wall Street Prime plus 11/4 %
12. .Tames Huff. and his Wife Nancy Huff both personally
guarantee payment and terms of this note.
13. There is not a penalty for paying off note early.
Interest and principal only.
14. The penalty for a late monthly payment is $50.00.
Any payment received by lender later than the 4th of'the month will be considered late.
1-5***
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DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146C1E9D
Promissory Note Paye 3 of 5
IN WITNESS WHEREOF the parties have duty affixed their signatures under seal
SIGNED, SEALED, AND DELIVERED
this 25th day of February, 2020.
SIGNED, SEALED, AND DELIVERED
this 25th day of February, 2020.
HVOS Financial, LLC
Per•`
DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146C1E9D
Pfomissor, Note Paye -4 of 5
NOTARY ACKNOWLEDGMENT - BURROWER
STATE OF TEXAS
COUNTY OF ,IJLgkVj
Talc instrument was acknowledged before me on the 25th day of February, 2420, by James W. Huff, Jr.
and Nancy Huff.
---� �.�'�'r'a��=, MARAN WIEBE
Notary blic za $`z; Notary Public, State of Texas
�.
'�' Comm. Expires 04-I8-2023
Notary ID 128587260
My commission expires:
8�
DocuSign Envelope ID: 53521A21-B6D2-4F19-BASE-0305146C1E9D
Promissore, Note Page 5 of 5
NOT. -1 RY ACKNOWLEDGMENT - LENDER
STATE OF TEXAS
COUNTY OF _1I& -6A--
The instrument was acknowledged before me on the 25th day of February, 2020, by HVOS Financial,
LLC.
Notary Ahlic
My commission expires:°u ,�
02002-2020 LawDepot.con*
OL
_•;,�,�ka Notary Public, State of Texas
COMM. Expires 04-18-2023
Notary ID 128687260
DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146C1E9D
Legal Description
All that certain lot, tract, or parcel of land situated in the WILLIAMS NEIL SURVEY,
ABSTRACT NUMBER 970 in the City of Denton, Denton County, Texas, and being a
part of Lot 1, Block 1, of the Southeast Airport Addition, an Addition to the City of
Denton, Denton County, Texas, as recorded In cabinet G, page 295 of the play records
of Denton County, Texas, the subject tract being more particularly described in
Attachments A and B.
71
DocuSign Envelope ID: 53521A21-1361324F19-BAEE-0305146C1E91D
Conc?ete Monument North ATTACHMENT A
West Corner Lot 1 • Black 1
Southeast Airport Addition N
Cabinet G. Page 295
�o
t�
•tom
• 150• TAxnNAY 0R►uWE
& UTIUTY EASEMENT
s 88036-10-E 70.00'
i I o
Lot 3 I Lot 4 Lot 1 w Lot12
A
0
i I ;r
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.�. 88
P.�.9. a 3fi'l0"W
0
L&IJ
LOCKHEED
24' Asphalt Road
LEGEND
{r . r*3w7 FLOOR
84.I1ATUC%L GROWk7
tv ►gip racm: mat
AF • 1I" ago rowic
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ae ► par[* ►CLE
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• ArG+sf Or rAY
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PCI •P*NF ar 196m w
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tCC.•!W Or COW
=-y+t•- • 04a -MCAD ufaTtT
--CATV-- • CAILL fV Lw[
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DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146C1E91)
ATTACHNRNT B
All that certain, tot, tract, or parcel of land situated in the WILLIAM NEIL SURVEY, ABSTRACT
NUMBER 974, in ttte C y of Denton. Denton Cowly. Testas, and being a part of Lot 1. Block 1 of
the Southeast Airport Addition, an Addition to the City of Denton, Denton County, Texas, as
recorded iii, Cabinet G, Page 295 of the Plat Records of Denton County. Texas, the suNect tract
being more particularly described as follows:
Beginning for the Southwest comer of the tract being described herein at a capped iron rod set
for corner from which a concrete monument found at the Northwest comer of said Addition bears
North 24 Degrees 39 Minutes 36 Seconds West a distance of 1881.31 feet,
THENCE North 01 Degrees 23 Minutes 54 Seconds East a distance of 1110.40 feet to a capped
Iron rod set for the Northwest Cgmer.
THENCE South 88 Degrees 36 Minutes 10 Seconds East s distance of 70:00 feet to a Capped
fort rod Bet for the Northeast Corner.
THENCE South 01 Degrees 23 Minutes 50 Seconds West a distance of 110.04 feet to a capped
Iron rod set for the Southwest Comer.
THENCE Nath 88 Degrees 36 Minutes 10 Seconds West a distance of 70.00 feet back to the
place of beginning. and enclosing 0.18 acres of land, more or less.
This Survey sketch represents the results of an on -the -ground survey made under my direction
and supervision. on 07-31-01. There we no vise or apparent intrusion, protrusions or
easements except as shown hereon.
FLOOD STATEMENT: I have examined the FEMA Flood Insurance Rate Map For the City of
Denton, Denton County. Texas. Community Number 480774, effective [fate 4-2-9T and that map
tndiaates %at this property Is In Km -Shaded ZONE X which is defined as' Areas deterrnhn to
be outside the 500 -year flood, as Shawn an Panel 0355 F of said map -
NOTE: This survey was done without the benefit of Schedule A & B or title binder.
Kenny 6yoningeo FW.L.S No.5312 Date
DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146C1E9D
AMORT17-471ON SCHEDULE
Loan amount:
$100.000.00
Wan Stdrt Date:
February 35, 2020
Loan End Date:
I*lar+ch 1.2030
Intemst Rate:
6.00pld compounded monthly
!late
Payment (s)
Principal Paid (S)
Interest Charged
'Total Interest (5)
Balance (5)
Tue Feb 25th, 2020 0
0.00
0.00
0.00
0.00
Wed Apr 1st. 2020
1.111.12
528.69
582.43
582.43
99,471.31
Fri b(al,1st, 20'»0
1,111,12
(113.167
497.36
1.079.79
99,857.555
is10n jun 1st, 2020
1,111.)2
616.84
494.28
1,574.07
98,240.71
.Yedjui 1st, 2020
1,111.12
619.91
491.21
2,065.28
97,620.80
Sat Aug 1st, 2020
1,111.12
2323.02
488.10
2,553.38
96,997.78
Tu- Sep 1st, 2020
1,111.12
6,2h. 13
184.99
3,038.37
98,371.65
Thu Oct Ist, 2020
LI II.12
629.26
481.86
3,520.23
95,742.39
Sun hov 1st, 2020
1111.12
632.41
478.71
3,998.94
95.109.98
Tue Dec Ist, 2020
1,111.12
635.57
475.55
4,474.49
94,474.41
Fri jan 1st, 21121
1,111.12
6313.75
472.37
4,946.86
93,835.66
bion Feta 15t, 2021
1,111.12
641,94
469.18
5,416.04.
93,193.72
Sion afar Ist, 20'21
1.111.12
645.15
465,97
5.882.01
92,54857
Thu Apr 151, 2021
1,111.12
648,38
462.74
6,344,75
91.900.19
Sat May Ist, 2021
i,ii 1.12
6i 1.62
459.50
6014.25
91,24857
Tu0 jun 1st, 2021,
1,111.12
654.87
456.25
7,260.50
90.593.70
Thu jul 1st, 2021
1,111.12
658.15
452.97
7,713.47
89,935.55
Sun Aug 1st, 2021
1,111.12
6(31.45
449.67
0,163.14
89,274.10
Wed Sep i st. 2021
1.1 t 1.12
titA.75
446.37
8,604.51
88,609.35
Fri Oct Ist, 2021
1,111.12
W1,11/
443.115
9,052.56
$7,941.28
Mon Nov lit. 2021
1,111.12
671.41
434.71
9,492.27
87,269.87
Wed Dec Ist, 2021
1,111.12
674.77
436~35
9,928.62
86,595.10
Sar jdn I%t, 2022
1.111.12
d78.15
432.97
10,361.54
85,916.95
Tue Feb lst,2022
1,(11.(4
681.53
429.51(
10,791.18
85,235.42
Tue Mar 1st, 2022
1,11 I.12
684.95
12(1.17
11,217.35
84,550.47
Fri Apr L.st 2022
1,111.12
688.36
422.76
11640.11
83,862.11
Sun May lst. 2112'2
1,111.12
691.81
41'1.31
12,059.42
83,170.30
W,djun ist.2022
1,111.12
695,27
415.85
12,475.27
82.475.03
1`,2002-20201.awDepo, (Sequiter Inc.). All flights R est-tcff:d.
/ P 1
DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146CIE9D
FrijulIst, 202'2
1.111.12
698.75
412.37
12,887.64
81,776.211
Mon Aug 1st, 2022
1,111.12
702.24
408.88
13,296.52
81,074,04
Thu Sep Ist, 2022
1,111.12
705.74
405.38
13,701.90
0,368.30
Sat Oct 1st, 2022
1,111.12
709.28
401.84
14.1413.74
79,659.02
Tue Nov Ist, 11022
1,111.12
712.53
348.24
14 1(12.113
78,946.19
Thu Dec 1st; 2022
11111.12
716.39
394.73
14,896.76
78,22+3.80
qua Jan 1st, 2023
1,111.12
719.97
391.15
15,287.91
77,509.83
Wed Feb 1st, 2023
1,111.12
723.57
387.55
15,675.46
76,786.26
Wad Mar Ist, 2023
1,111.12
727,19
383.93
111,1159.39
76.059..07
Sat Ap, i st, 2023
l,l 11.12
730.82
380.30
16,439.0
75,328.25
}ton May 1st, 2023
i,111.12
734.46
376.114
16,816.33
74,593.77
'ihu.jun 1st, 2023
1,111.12
738.15
372,97
17,189.30
73,855.62
S.A juI W,'2023
1.111.U.,
741.84
369.213
17,558.58
73,113.78
Tun Aug Ist, 2011
1,111.12
745.56
165.56
17; 324.14
72,368.22
Fri Sep 1st, 2023
1,111.12
749.27
361.85
18,285.99
71,618.95
Sun WIst, 2023
1,111.12
753,03
358.09
18,644.418
70,86.5.92
Wed Nov 13t, 2023
1,I 11.12
756.79
354.33
18.998.41
70,109.13
Fid Dar 1 st, 2623
1,111.12
760.57
350.55
19.348.96
69.3 38.511
.'Inn jail 1st, 2024
I.i tl.12
764.38
346.74
19,695.713
68.5fV1.Ia
1'hu Feb 1st, 2024
1,111.12
768.20
342.92
20,038.62
117,815.98
Fri Ntar 1st, 2024
1,111.12
772,04
339.08
20,377.70
67,043.94
Man Apr Ist, 2024
1.111.12
775.90
335.22
20.712 92
66268.04
Wed Mas' Ist, 2024
11I11.I2
779.78
331.34
21,11&14 26
65,488.26
Sat jun 1st, 2024
1,111.12
783.68
327.44
21,371.70
61.704 58
blun,jui Ist, 2024
1,111.12
787.60
323.52
21.69a 22
63,916.98
Thu Aug 1st, 2024
1,111.12
791,53
319.59
22,014.131
63,125.45
Sun Sep Ist, 2024
1,111.12
795.0
315.63
22,330.44
62,32.9.96
Tue Oct 1st, 2024
1,111.12
799.47
311.67
22,642.09
61,530.49
Fri NovIs?, 2024
1.111. 112
803.47
307.65
22,949.74
60.72','.02
Sun Dec 14 2024
1,111.12
807,14
303.63
2%253.37
59,919.53
'Wud jan Ist, 2025
Li 11.12
811.52
299.60
23.55' 97
59,108.111
Sat Feb Ist, 2025
1,111.12
815.58
295.54
23,848.51
58,292.43
Sat filar Ist, 2025
1,111.12
$19.66
291.46
24,139.137
57,472.77
Tue Apr I st, 2025
1,111.12
823.75
267.37
21,427334
56,649.02
Thu May Ist, 2025
1,1 11.12
32%.138
283.24
14,710.58
55,821.14
,120112.2020 LawDapot4 tSequiter Inc.). AU R1gh Re.sened. _
2 ��
DocuSign Envelope ID: 5352lA21-B6D2-4F19-BAEE-0305146C1E9D
Sun jun Ut, 2025 1,111.12 832.01 279.11 24,989.69 54,989.13
Tue Jullst,2025 1.111.12 836.18 274.94 25,264.63 54,152.95
Fri Aug 19t, 2025 1,111.12 844,35 270.77 2$535.40 53,312.60
}Inst Sep Is{, 2025 1,11 1.12 8411.58 266.56 25,801.9t; 52,466.04
Wed (X-1 Iat, 2025 1.111.12 848.78 262.311 26,064,30 51,619.26
Sat NNov 1st, 2025 1,111.12 853.02 258.10 26,321.451 50,766.24
Moa Dec Ist, 2025 1,111.12 857.29 253.83 26,576.23 49,908.95
Thu Jao I st, 2026 1,111.12 86I.58 249.54 251,825.77 49,047.37
Sun Feb Ist, 2026 1,111.12 865.88 245.24 27,1172.01 48,181.49
Sun Mar 1st. 2026 1,211.12 870.21 240.91 27,31192 47,311.28
Wed Apr 1st. 2026 1,111.12 87457 236.55 27,548.47 46,436.71
Fri May 1st, 2026 1.111.12 878.93 232.111 27,780516 jo.557.78
Mon jun Ist. 2026 1,111.12 883.33 227.79 28,00RA5 44,674.45
14ed Jul Ist, 2026 1.111.12 887.75 23.37 28,231.112 43,786.70
Sat Aug Est, 2026 1,111,12 892,19 218.93 28,450,75 42.8(34.51
Tue Srp 1 st, 2026 1,111.12 &46.65 214.47 28,665.22 41,997 86
Thu Oet 1st, 202b 1,111.12 9111.13 209.99 28,875,21 41,095.73
Sun NovIst, 2026 1,{11.12 905.63 205.129 2%O114 70 40,191.1()
'rue Dec 1st, 2026 I,111.12 910.17 2530.95 29,281.65 39,280.93
Ffi jltt 1st, 2027 1,111.1'2 914.71 1136:11 29,478.051 38,366.22
Mon Feb Ist, 2027 1,111.12 919.29 191.83 29,669.89 37,446.93
Mnn filar lst,'2027 1,111.12 923,89 107.23 29,857.12 36,523.04
Thu Apr 1st 2027 1,111.12 928,50 182.62 30,039.74 35,594.54
Sat May 1st. 2027 1,111.12 933.15 177.97 30,217.71 34,661.39
Tue jun 1st. 2027 1,111.12 937.81 173.31 30.391,02 33,723.58
Thu jul 1st, 2021 1,111.12 942.50 168.62 30.559.61 32,781.08
Sun Ang 1st, 2027 1,111.12 947.22 163.90 30,723.54 31,833.86
Wed Sep 1st, 2027 1,111.12 951.95 159.17 30,882.71 30,881.91
rri Gc{ Ist, 2027 1,111.12 956.71 154.41 31,037.12 29,925.20
Mor. Nov Isl.2027 1.111.12 961.49 1119.63 mjilfi.75 28,963.71
W'ed Dec Ist, 2027 L111.12 966.31 144.81 31,331.56 27,997.40
Sat Jan Ist, 2028 1.111.12 971.13 1.1. y!1 31,471.55 27,026.27
Tue Feb Ist 2028 1,111.12 975.99 135.13 31,606.68 260511.28
Wed Mar Ist, 2028 1,11I.12 980.87 130.25 32,736.93 25,069.41
Sat Aar 1st, 2028 1,111.12 985.77 125.35 31,862.28 24.083.64
2002-20_111 Lei+ Depo• is SSequiter Inc.). All Rigbt asemed.
DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146CIE913
Mon 11 lay 1st, 2028
1,111.12
990.70
I20.42
31,982.70
23,092 94
iiia Jun Ist, 2028
1,111.12
995.66
115.46
32,098.16
22,097.28
Sai jul 1st, 21028
1.111.12
1,000.63
110.49
32, 208.0
21,096.65
Tue r'tug 1st, 201'8
1,111.12
i3Ot75.te'4
105,48
32,314.13
20,091.01
Vii Stall I st, '2028
I.H1.12 11.12
i3OI0.titi
100.46
32,$14.59
19,080.35
Sun Oct. Ist, 2028
1,121.12
1,015.72
95.40
32,50949
18,054.63
IVt:d Nov Ist, 2028
1,111.12
1,1730.80
90.32
32,600.31
17,043.83
Fri Dec Ist, 2028
1,111.12
1,025.90
85.22
32,685.53
15,017.93
Mon Jan 1st, 2029
1,111.12
1,031.03
80.09
32,765.62
14.98690
Thu Feb Im, 2029
1,111.12
1,03638
74.94
32,840.56
13,950.72
71ru tifar Ist, 2029
1,111.12
1,041.37
69-75
32,910.31
12,909.35
Sun Apr Ist. 2029
1,111.12
1,046.57
64.55
32,974.86
11,862.78
Tuft May hi, 2029
1,111.12
1 05i.81
59.31
33,03.1.17
10,810.97
Fri jun 1st, 2029
1,111.12
1,057.0b
54.06
33,088.23
9,753.91
Sun Jul ISt. NY29
1,111.12
1,062 :35
48.77
33,137.00
8,691.56
1Vod Aug 1 st, 2029
1,111.12
1,067.67
43.45
33,180.45
7,523.89
SatSNp Ist.,'2029
1,111.12
1,073.00
38.12
;13.218.77
6,550.89
11oc Oct 1st, 2029
1.111.12
117178,36
32.76
33,251.33
5,472.53
Thu Nov Ist, 2029
1,1 t 1.12
1,083.7t;
27.36
33,278.b9
4,388.77
Set Dec 1st, 2029
1,111.12
1,069.18
21.94
33,300.63
3,299.1t,
1 ue Jan 1st, 2030
1.111.12
1,094.62
Its 7f}
33,317.13
2,204.97
Fri Fub Ist, 2030
1,111.12
1.100.09
11.03
33,316.16
1,104,8+;
Fri Mar Ist, 2030
1,110.40
1,104.88
5.52
33,333.68
o.00
-2002=2020 LawUapata (Sequiter lac.). Alf Rights Reserved.
DocuSign Envelope ID: 53521A21-B6D2-4F19-BAEE-0305146C1E9D
Bill of Sale
THIS 8ML OF SALE is executed this day of Febuary25.202D9 by
Tony Riley , (hereinafter "Seder") residing at Derdon, Tx
for
the benefit of James W. Huff Jr (hereinafter °Buyer"), residing at
Argyle Tx.
Seller hereby transfers to Buyer, all rights of Seller in the following property:
Aircraft Hangar and lease , Eocated in KDTO. Denton County,
4710 Lockheed
For and in consideration of $176,000 , which has been acknowledged to have
been received by Seller.
The form of payment used will be Cash and sales tax will not be
included as part of the purchase price.
The sale and transfer of property is made on an "AS IS" basis, without any express or implied
warranties, with no recourse to the Seller, provided that Seller can issue proof that it has title to
the property without, any liens or encumbrances.
The Buyer has been given the opportunity to inspect, or have inspected, any and all property as
defined above. The Buyer agrees to accept all property in its existing state.
Tn witness, the parties execute on this Bill of Sale on Febuary 25, 2020
Signature of Buyer
Date
Signature of Seller
DaIc