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HomeMy WebLinkAboutTitle Insurance-y y TEXAS COMMITMENT FOR TITLE INSURANCE SCHEDULE A Effective Date: May 2, 2010 at 8:00 a.m. Commitment issued May 28, 2010, 8:00 a.m. 1. The policy or policies to be issued are: (a) OWNER POLICY OF TITLE INSURANCE (Form T-1) (Not applicable for improved one -to -four family residential real estate) Policy Amount: $233,705.00 PROPOSED INSURED: Chad Jackson (b) TEXAS RESIDENTIAL OWNER POLICY OF TITLE INSURANCE - ONE -TO -FOUR FAMILY RESIDENCES (Form T-1 R) Policy Amount: $ PROPOSED INSURED: (c) MORTGAGEE POLICY OF TITLE INSURANCE (FORM T-2) Policy Amount: $186,964.00 PROPOSED INSURED: Proposed Borrower: Chad Jackson (d) TEXAS SHORT FORM RESIDENTIAL MORTGAGEE POLICY (Form T-2R) Policy Amount: $ PROPOSED INSURED: Proposed Borrower: GF No. 00093937 (e) MORTGAGEE TITLE POLICY BINDER ON INTERIM CONSTRUCTION LOAN (Form T-13) (f) OTHER: Binder Amount: $ PROPOSEDINSURED: Proposed Borrower: Policy Amount: $ PROPOSED INSURED: 2. The interest in the land covered by this Commitment is: Fee simple 3. Record Title to the land on the Effective Date appears to be vested in: Andrew Ray White; Daphine Bledsoe, Betty Jean Bledsoe Lathan, Wilbert Earl Bledsoe, Pervis Bledsoe, Larry Bledsoe, Sylvia Bledsoe Sims; Euridell Clark; Lula Bell Holimon; Carol Ann Ward; Lee White, Jr.; Abner Leroy White, Jr.; Robert Dwight White; Edna Faye Goodman; Joseph Elias White; Coretha Steptoe, Eletha Steptoe, Daphne Steptoe Pierce, Tiffany Steptoe Pierce, Este Steptoe; and Lover Diane Woods University Title Company Fidelity National Title Insurance Company Texas Commitment (Rev. 1-1-93) - Schedule A Valid Only if Schedule B and C, and Cover are attached SCHEDULE A - continued GF No. 00093937 4. Legal description of land: See Exhibit A attached hereto and made a part hereof. SCHEDULE B GF No. 00093937 EXCEPTIONS FROM COVERAGE In addition to the Exclusions and Conditions and Stipulations, your Policy will not cover loss, costs, attorney's fees, and expenses resulting from: I. The following restrictive covenants of record itemized below (We must either insert specific recording data or delete this exception): Item No. 1, Schedule B, is hereby deleted. 2, Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 3. Homestead or community property or survivorship rights, if any, of any spouse of any insured.(Applies to the Owner Policy only.) 4. Any titles or rights asserted by anyone, including, but not limited to, persons, the public, corporations, governments or other entities a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or b. to lands beyond the line of the harbor or bulkhead lines as established or changed by any govanment, 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 mean low tide to the line of vegetation, or the rights of access to that area or easement along and across that area. (Applies to the Owner Policy only.) 5. Standby fees, taxes and assessments by any taxing authority for the year 2010, 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. (If Texas Short Form Residential Mortgagee Policy (T-2R) is issued, that policy will substitute "which become due and payable subsequent to Date of Policy" in lieu of "for the year _ and subsequent years.") 6. The terms and conditions of the documents creating your interest in the land. 7. Materials furnished or labor performed in connection with planned construction before signing and delivering the lien document described in Schedule A, if the land is part of the homestead of the owner.(Applies to the Mortgagee Title Policy Binder on Interim Construction Loan only, and may be deleted if satisfactory evidence is furnished to us before a binder is issued.) 8, Liens and leases that affect the title to the land, but that are subordinate to the lien of the insured mortgage.(Applies to Mortgagee Policy T-2 only.) 9. The Exceptions from Coverage and Express Insurance in Schedule B of the Texas Short Form Residential Mortgagee Policy (T-2R). (Applies to Texas Short Form Residential Mortgagee Policy (T-2R) only. Separate exceptions 1 through 8 of this Schedule B do not apply to the Texas Short Form Residential Mortgagee Policy (T- 2R). University Title Company Fidelity National Title Insurance Company Texas Commitment (Rev. 1-1-93) - Schedule B Valid Only if Schedule A and C, and Cover are attached SCHEDULE B - continued GF No. 00093937 10, The following matters and all terms of the documents creating or offering evidence of the matters (We must insert matters or delete this exception): a. Rights of Parties in Possession. (OWNER POLICY ONLY) b. "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 herein." c. Any Claim or right of adjoining property owner(s) to that strip of land lying bdween the fence and the boundary line on the northwest and southeast sides of the property, as shown on survey prepared on December 2, 2009, under the supervision of Henry P. Mayo, R.P.L.S. #5045. (OWNER POLICY ONLY) d. Fence lies outside the property on the southeast side of the property, as shown on survey prepared on December 2, 2009, under the supervision of Henry P. Mayo, R,P.LS. #5045. (OWNER POLICY ONLY) e. 15' Easement on the northeast side: From: Andrew Ray White, et at To: Wellborn Special Utility District Dated: May 3, 2000 Recorded: Volume 3846, Pages 279 through 304, Official Records, Brazos County, Texas; as shown on survey prepared on December 2, 2009, under the supervision of Henry P. Mayo, R.P.L.S. #5045. f. Easement From: Elias White To: City of Bryan Dated: December 22, 1949 Recorded: Volume 141, Page 303, Deed Records, Brazos County, Texas; as shown on survey prepared on December 2, 2009, under the supervision of Henry P. Mayo, R.P.L.S. #5045. g. Oil and Gas Lease, and all terms, conditions and stipulations therein: Lessor: Andrew R. White, Individually and as Executor of the Estate of Abner White, deceased Lessee: R & R Resources Dated: February 20, 2001 Recorded: Volume 4174, Page 248, Official Records, Brazos County, Texas. Title to said interest has not been investigated subsequent to the date of the aforesaid instrument. SCHEDULE C GF No. 00093937 Your policy will not cover loss, costs, attorney's fees, and expenses resulting from the following requirements that will appear as Exceptions in Schedule B of the Policy, unless you dispose of these matters to our satisfaction, before the date the Policy is issued: I. Documents creating your title or interest must be approved by us and must be signed, notarized and filed for record. 2. Satisfactory evidence must be provided that: no person occupying the land claims any interest in that land against the persons named in paragraph 3 of Schedule A, all standby fees, taxes, assessments and charges against the property have been paid, all improvements or repairs to the property are completed and accepted by the owner, and that all contractors, sub -contractors, laborers and suppliers have been fully paid, and that no mechanic's, laborer's or materialmen's liens have attached to the property, there is legal right of access to and from the land, (on a Mortgagee Policy only) restrictions have not been and will not be violated that affect the validity and priority of the insured mortgage. 3. You must pay the seller or borrower the agreed amount for your property or hterest. 4. Any defect, lien or other matter that may affect title to the land or interest insured, that arises or is filed after the effective date of this Commitment. 5. Item No. 2 of Schedule B hereof shall be amended to read "shortages in area", upon ourreceipt of an acceptable survey. (As to Mortgagee Policy Only) 6. Item No. 5 of Schedule B hereof shall be amended to read "standby fees, taxes and assessments by any taxing authority for the year 2010 and subsequent years, 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.", upon payment of applicable premium. (As to Mortgagee Policy T-2 Only) (If Texas Short Form Residential Mortgagee Policy (T-2R) is issued, that policy will substitute "which become due and payable subsequent to Date of Policy" in lieu of "for the yea and subsequent years.") T If requested in lenders closing instructions and all of our underwriting requirements are satisfied, we will issue the T17 & T19 Endorsements, upon payment of any applicable premiums. (As to Mortgagee Policy Only) 8. We will require an Affidavit as to Debts and Liens be signed and the original proiided to us prior to issuance of any title policies. 9. We will require a Waiver of Inspection (Rights of Parties in Possession) be signed by the Purchaser and the original provided to us prior to issuance of any title policies. 10. We will require an original Tax Certificate be provided, showing all taxes paid current, prior to issuance of any title policies. (If this transaction is not closing in our office, let us know if we need to order the tax certificate.) 11. ARBITRATION: The Owner Policy of Title Insurance (Form T-1) and the Mortgagee Policy of Title Insurance (Form T-2) contain an University Title Company Fidelity National Title Insurance Company Texas Conunitnent (Rev. 1-1-93) - Schedule C Valid Only if Schedule A and B, and Cover are attached SCHEDULE C - continued GF No. 00093937 arbitration provision. It allows the Insured or the Company to require arbitration if the amount of insurance is $2,000,000 or less. If the Insured wants to retain the right to sue the Company in case of a dispute over a claim, the Insured must request deletion of the arbitration provision before the Policy is issued. The Insured may do this by signing the Deletion of Arbitration Provision form and returning it to the Cominny at or before the closing of the real estate transaction or by writing to the Company. NOTE 1: If you are the lender in the transaction and desire deletion of the Arbitration Provision , please inform us through your loan closing instructions. NOTE 2: This does not apply to Texas Residential Owner Policy of Title Insurance- One to Four Family Residences. If you are the purchasers of non-residential property and desire the deletion of the Arbitration Provision, a form will be presented to you at closing for execution. 12. If subject transaction will utilize a prior survey, we will require a full size, legible copy of said survey, with the surveyor's field notes, if any. Upon receipt of the existing survey, we reserve the right to determine whether said survey is acceptable for insuring purposes according to our underwriter guidelines. NOTE: While a survey may be acceptable for insuring purposes, all surveys are subject to final approval by lender. 13. Twenty-four Month Chain of Title: We have examined the records of the County Clerk of Brazos County, Texas, as they are reflected in the geographically indexed title plant of University Title Company and our records reflect that the following is a true and correct list of DEEDS affecting title to the real property described supra for the preceding twenty-four months: None of Record Vesting Deed to owners shown herein was dated July 13, 1987 and recorded in Volume 984, Page 567, Official Records, Brazos County, Texas. 14. Require a Quit Claim Deed from Union Pacific Railroad Company, a Delaware Corporation to Andrew R. White, as to the .79 acres on the northeast side of said property. 15. Furnish the marital status of Andrew R. White; Wilbart Bledsoe; Euridell Clark; Lula Bell Holimon; Mary E. McNeal; Lee White, Jr.; Abner Leroy White, Jr.; Robert Dwight White; Edna Faye Goodman; Joseph Elias White; Ruthell Henderson and Lover Diane Woods.. Company requires the joinder of spouse(s) in any transaction involving subject property. 16. Seller to reserve mineral rights. 17. Record title is as shown on Schedule A. The application reflects Andrew Ray White as the seller. Determine the disposition of the interest of Euridell Clark; Lain Bell Holimon; Lee White, Jr.; Abner Leroy White, Jr.; Robert Dwight White; Edna Faye Goodman; Joseph Elias White; and Lover Diane Woods. Additional requirements may be necessary. 18. Require that the Affidavits of Facts Concerning the Identity of Heirs on the Estates of Mary McNeal, Ruthell Steptoe Henderson and Wilbart Bledsoe, all deceased, be filed of record. University Title Company 0 Authorized Countersignature (ARR/Ibj) SCHEDULE C - continued GF No. 00093937 SCHEDULE D GF No. 00093937 Pursuant to the requirements of Rule P-21, Basic Manual of Rules, Rates and Forms for the writing of Title Insurance in the State of Texas, the following disclosures are made: 1. The following individuals are Directors and/or Officers of FIDELITY NATIONAL TITLE INSURANCE COMPANY: DIRECTORS Alan L. Stinson Raymond R. Quirk Anthony J. Park OFFICERS Alan L. Stinson Raymond R. Quirk Joseph W. Grealish Anthony J. Park Patrick G. Farenga Todd C. Johnson Chief Executive Officer/C.E.O President Executive Vice President Chief Financial Officer Sr. Vice President/Treasurer Sr. Vice President/Secretary Fidelity National Financial, Inc. owns 100% of Fidelity National Title Insurance Company. 2. The following disclosures are made by the Title Insurance Agent Issuing this Commitment: a. The names of each shareholder, owner, partner or other person having, owning or controlling one percent (1%) or more of the Title Insurance Agent that will receive a portion of the premium are as follows: Celia Goode William C. Lipsey Michael R. Hoelscher b. Each shareholder, owner, partner or other person having, owning or controlling ten percent (10%) or more of an entity that has, owns or controls one percent (1%) or more of the Title Insurance Agent that will receive a portion of the premium are as follows: not applicable C. The following persons are officers and directors of the Title Insurance Agent: Officers Directors President - Celia Goode Celia Goode Vice President - Michael R. Hoelscher Michael R. Hoelscher Secretary/Treasurer - William C. Lipsey William C. Lipsey 3. You are entitled to receive advance disclosure of settlement charges in connection with the proposed transaction to which this commitment relates. Upon your request, such disclosure will be made to you. Additionally, the name of any person, firm or corporation receiving any sum from the settlement of this transaction will be disclosed on the closing or settlement statement. You are further advised that the estimated title premium* is Owner Policy $ 1,557.00 Mortgagee Policy $ 100.00 Endorsement Charges $ 140.35 Total $ 1,797.35 University Title Company Fidelity National Title Insurance Company Texas Commitment (Rev. 1-1-93) - Schedule D Valid Only if Schedule A, B and C, and Cover are attached SCHEDULE D GF No. 00093937 Of this total amount: $_ or 15.00% will be paid to the policy issuing Title Insurance Company: $_ or 85.00% will be retained by the issuing Title Insurance Agent, and the remainder of the estimated premium will be paid to other parties as follows: AMOUNT TO WHOM FOR SERVICES * The estimated premium is based upon information furnished to us as of the date of this Commitment for Title Insurance. Final determination of the amount of the premium will be made at closing in accordance with the Rules and Regulations adopted by the Commissioner of Insurance. This Commitment is invalid unless the insuring provisions and Schedules A, B and C are attached. University Title Company Fidelity National Title Insurance Company Texas Commitment (Rev. I-1-93) - Schedule D Valid Only if Schedule A, B and C, and Cover are attached Exhibit A All that certain tract or parcel of land lying and being situated in the Peter Norton Survey, Abstract No. 186, in College Station, Brazos County, Texas, being a part of that 21 acre Tract Two conveyed to Abner White by Deed recorded in Volume 984, Page 567 of the Official Records of Brazos County, Texas, and being more particularly described as follows: BEGINNING at a 1/2" iron rod with an orange plastic cap stamped "H.P. Mayo RPLS 5045" set at the point of intersection of the southwest line of that 125' wide right-of-way conveyed to the International & Great Northern Railroad Company by Deed recorded in Volume 24, Page 357 of the Deed Records of Brazos County, Texas, and the southeast line of the Rock Prairie Road West 100' wide right-of-way described in Deed to Brazos County and recorded in Volume 3365, Page 311 of the Official Public Records of Brazos County, Texas, from where the City of College Station GPS Control Monument No. 117 bears N 65' 26' 58" E - 1523.5'; THENCE S 220 03' 48" E - 975.22 feet along southwest line of the said I&GN Railroad tract to a 1/2' iron rod with an with an orange plastic cap stamped "H.P. Mayo RPLS 5045" set in the southeast line of the said Abner White 21 acre tract, from where a 1/2" iron rod was found N 41' 43' 08" E - 39.69 feet a t the north corner of that 2.56 acre tract conveyed to Travis Williams, Sr. and wife, Helen Williams by deed recorded in Volume 976, Page 785 of the Official Records of Brazos County, Texas; THENCE S 410 43' 08" W - 511.96 feet, generally along an old barbed -wide fence, along the line between the said Abner White tract and the said Williams 2.56 acre tract, to a 3/4" iron bar and 1/2" iron rod found at the North fence corner of that 2.00 acre tract conveyed to Ervin M. Williams, Sr. and wife, Mildred Williams by Deed recorded in Volume 976, Page 782 of the Official Records of Brazos County, Texas; THENCE S 410 21' 44" W - 164.39 feet, generally along a barbed-wire fence, along the line between the said Abner White tract and the said Williams 2.00 acre tract, to a 3/4" iron bar found at the West fence corner of the said 2.00 acre tract; THENCE S 420 22' 26" W - 50.54 feet, along the northwest line of that 11.26 acre tract conveyed to Ovals, Incorporated by deed recorded in Volume 6863, Page 86 of the Official Public Records of Brazos County, Texas, to an old cross -tie fence corner post at the common corner of the said Abner White 21 acre Tract Two and that 50 acre Tract One, also conveyed to Abner White by same deed; THENCE N 450 33' 16" W - 170.97 feet along the common line of the said Tract One and Tract Two, generally along an old fence to a 5/8" iron rod found at the south corner of that 8.000 acre tract conveyed to Edna Faye Goodman by deed recorded in Volume 6525, Page 148 of the Official Public Records of Brazos County, Texas; THENCE N 430 10' Ol" E - 482.23 feet through the said Abner White Tract Two and along the said Goodman tract southeast line, to a 1/2" iron rod found at the east corner of the same; THENCE N 480 00' 15" W - 728.93 feet continuing through the said Abner White tract and along the northeast line of the said Goodman tract to a 1/2" iron rod with an orange plastic cap stamped "H.P. Mayo RPLS 5045" set in the southeast right-of- way line of Rock Prairie Road West, from where a 1/2" iron rod found marking the north corner of the said Goodman tract bears N 48' 00' 15" W - 4.84'; THENCE N 410 46' 38" E - 557.36 feet along the said Southeast right-of-way line to a 1/2" iron rod with an orange plastic cap stamped "H.P. Mayo RPLS 5045" set at the beginning of a tangent curve to the right (R=500.00'); THENCE continuing with the said southeast right-of-way line, along the are of said curve through a central angle of 12' 18' 4811, the chord of which bears N 47' 56' 02" E - 107.25 feet, to the Point of Beginning and containing 11.06 acres 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 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. OWNER'S POLICY OF TITLE INSURANCE (T-1) Issued by Fidelity National Title Insurance 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. SCHEDULE A Name and Address of Title Insurance Company: Fidelity National Title Insurance Company P.O. Box 45023 Jacksonville, FL 32232 File No. 00100329 Policy No. 2739843 - 80087309 Issued simultaneous with Policy No.: 2739943 - 80087314 Address Reference: 3801 Rock Prairie Rod, College Station, TX 77845 Amount of Insurance: $73,745.00 Premium: $667.00 Date of Policy: February 18, 2010 at 1:56 P.M. 1. Name of Insured: Chad Jackson 2. The estate or interest in the Land that is encumbered by the Insured Mortgage is: Fee simple 3. Title is insured as vested in: Chad Jackson 4. The Land referred to in this policy is described as follows: See Exhibit A attached hereto and made a part hereof. University Title Company Fidelity National Title Insurance Company T1 - Texas Owner's Policy of Title Insurance SCHEDULE B File No.: 00100329 Policy No: 2739843 - 80087309 EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) that arise by reason of the terms and conditions of the leases and easements, if any, shown in Schedule A, and the following matters: I. The following restrictive covenants of record itemized below (the Company must either insert specific recording data or delete this exception): Item No. 1, Schedule B, is hereby deleted. 2. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 3. Homestead or community property or survivorship rights, if any, of any spou Ise of any Insured. 4. Any titles or rights asserted by anyone, including but not limited to, persons, the public, corporations, governments or other entities, a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or b, to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or C. to filled -in lands, or artificial islands, or, d. to statutory water rights, including riparian rights, or e. to the area extending from the line of mean 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 2010, 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. Vendor's Lien retained in Deed Grantor: Andrew White Grantee: Chad Jackson Dated: February 15, 2010 Recorded: February 18, 2010, Volume 9506, Page 99, Official Records, Brazos County, Texas. Additionally secured by Deed of Trust Grantor: Chad Jackson Trustee: Andrew White Amount: $43,745.00 Beneficiary: Andrew White Dated: February 15, 2010 Recorded: February 18, 2010, Volume 9506, Page 102, Official Records, Brazos County, Texas. b. Rights of Parties in Possession. University Title Company Fidelity National Title Insurance Company T1 - Texas Owner's Policy of Title Insurance - SCHEDULE B File No.: 00100329 Policy No: 2739843 - 80087309 c. "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 herein." d. Terms, Conditions, and Stipulations in the Development Agreement by and between: Parties: Edna F. Goodman and City of College Station Dated: December 18, 2007 Recorded: Volume 8394, Page 277, Official Records, Brazos County, Texas. e. Oil and Gas Lease, and all terms, conditions and stipulations therein: Lessor: Andrew R. White, Individually and as Executor of the Estate of Abner White, deceased Lessee: R & R Resources Dated: February 20, 2001 Recorded: Volume 4174, Page 248, Official Records, Brazos County, Texas. Title to said interest has not been investigated subsequent to the date of the aforesaid instrument. Mineral Reservation in Deed By: Andrew White To: Chad Jackson Dated: February 15, 2010 Recorded: Volume 9506, Page 99, Official Records, Brazos County, Texas. Title to said interest has not been investigated subsequent to the date of the aforesaid instrument. University Title Company By: Authorized Countersignature Exhibit A All that certain tract or parcel of land lying and being situated in the Peter Norton Survey, Abstract No. 186, in College Station, Brazos County, Texas, being a part of that 89.5 acre tract conveyed to Abner White by deed recorded in Volume 984, Page 567 of the Official Records of Brazos County, Texas, and also a part of that 8.000 acre tract conveyed to Edna Faye Goodman and described in Volume 6525, Page 148 of the Official Public Records of Brazos County, Texas, and being more particularly described as follows: Beginning at a %:" iron rod with an orange plastic cap stamped "H.P. Mayo RPLS 5045" set at the intersection of the southeast line of the Rock Prairie Road West 100' wide right-of-way described in deed to Brazos County and recorded in Volume 3365, Page 311 of the Official Public Records of Brazos County, Texas, and the northeast line of the said Goodman tract, from where a %" iron rod found marking the north corner of the said Goodman tract bears N 480 00' 15" W — 4.84'. Thence S 410 46' 38" W — 206.81 feet along southeast line of Rock Prairie Road West to a point for corner, from where a %," iron rod found marking the west corner of the said Goodman tract bears S 430 31' 06" W—273.18'; Thence S 480 13' 22" E — 723.98 feet through the said Goodman tract to the southeast line of same, from where a %" iron rod found at the south corner of the said Goodman tract bears S 430 10' 01" W — 278.14'; Thence N 430 10' 01" E — 204.08 feet along the southeast line of the said Goodman tract to a %" iron rod found at the east corner; Thence N 480 00' 15" W — 728.93 feet along the northeast line of the said Goodman tract to the Point of Beginning and containing 3.43 acres 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 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. TEXAS COMMITMENT FOR TITLE INSURANCE SCHEDULE A Effective Date: May 23, 2010 at 8:00 a.m. Conmritment issued June 2, 2010, 8:00 a.m. 1. The policy or policies to be issued are: (a) OWNER POLICY OF TITLE INSURANCE (Form T-1) (Not applicable for improved one -to -four family residential real estate) Policy Amount: $233,705.00 PROPOSEDINSURED: Chad Jackson (b) TEXAS RESIDENTIAL OWNER POLICY OF TITLE INSURANCE - ONE -TO -FOUR FAMILY RESIDENCES (Form T-IR) Policy Amount: $ PROPOSEDINSURED: (c) MORTGAGEE POLICY OF TITLE INSURANCE (FORM T-2) Policy Amount: $186,964.00 PROPOSEDINSURED: Proposed Borrower: Chad Jackson (d) TEXAS SHORT FORM RESIDENTIAL MORTGAGEE POLICY (Form T-2R) Policy Amount: $ PROPOSED INSURED: Proposed Borrower: GF No. 00093937 (e) MORTGAGEE TITLE POLICY BINDER ON INTERIM CONSTRUCTION LOAN (Form T-13) Binder Amount: $ PROPOSEDINSURED: (f) OTHER: Proposed Borrower: Policy Amount: $ PROPOSEDINSURED: 2. The interest in the land covered by this Commitment is: Fee simple 3. Record Title to the land on the Effective Date appears to be vested in: Andrew Ray White; Daphine Bledsoe, Betty Jean Bledsoe Lathan, Wilbert Earl Bledsoe, Pervis Bledsoe, Larry Bledsoe, Sylvia Bledsoe Sims; Euridell Clark; Lula Bell Holimmn; Carol Ann Ward; Lee White, .Jr.; Abner Leroy White, Jr.; Robert Dwight White; Edna Faye Goodman; Joseph Elias White; Coretha Steptoe, Eletha Steptoe, Daphne Steptoe Pierce, Tiffany Steptoe Pierce, Esie Steptoe; and Lover Diane Woods Ihriversity Title Company Fidelity National Title Insurance Company Texas Commitment (Rev. 1-1-93) - Schedule A Valid Only if Schedule B and C, and Cover are attached SCHEDULE A - continued GF No. 00093937 4. Legal description of land: See Exhibit A attached hereto and made a part hereof. SCHEDULE B GF No. 00093937 EXCEPTIONS FROM COVERAGE In addition to the Exclusions and Conditions and Stipulations, your Policy will not cover loss, costs, attorney's fees, and expenses resulting from: 1. The following restrictive covenants of record itemized below (We must either insert specific recording data or delete this exception): Item No. 1, Schedule B, is hereby deleted. 2. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 3. Homestead or community property or survivorship rights, if any, of any spouse of any insured.(Applies to the Owner Policy only.) 4. Any titles or rights asserted by anyone, including, but not limited to, persons, the public, corporations, govenmients or other entities a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or b. to lands beyond the line of the harbor or bulkhead lines as established or changed by any govermnent, 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 mean low tide to the line of vegetation, or the rights of access to that area or easement along and across that area. (Applies to the Owner Policy only.) 5. Standby fees, taxes and assessments by any taxing authority for the year 2010, 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. (If Texas Short Form Residential Mortgagee Policy (T-2R) is issued, that policy will substitute "which become due and payable subsequent to Date of Policy" in lieu of "for the year and subsequent years.") 6. The terms and conditions of the documents creating your interest in the land. 7. Materials furnished or labor performed in connection with planned construction before signing and delivering the lien document described in Schedule A, if the land is part of the homestead of the owner.(Applies to the Mortgagee Title Policy Binder on Interim Construction Loan only, and may be deleted if satisfactory evidence is furnished to us before a binder is issued.) 8. Liens and leases that affect the title to the land, but that are subordinate to the lien of the insured mortgage.(Applies to Mortgagee Policy T-2 only.) 9. The Exceptions from Coverage and Express Insurance in Schedule B of the Texas Short Form Residential Mortgagee Policy (T-2R). (Applies to Texas Short Form Residential Mortgagee Policy (T-2R) only. Separate exceptions 1 through 8 of this Schedule B do not apply to the Texas Short Form Residential Mortgagee Policy (T- 2R). University Title Company Fidelity National T,`itie Insurance Company Texas Commitment (Rev. 1-1-93) -Schedule B Valid Only if Schedule A and C, and Cover are attached SCHEDULE B - continued GF No. 00093937 10. The following matters and all terms of the documents creating or offering evidence of the matters (We must insert matters or delete this exception): a. Rights of Parties in Possession. (OWNER POLICY ONLY) b. "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 herein." c. Any Claim or right of adjoining property owner(s) to that strip of land lying between the fence and thee boundary line on the northwest and southeast sides of the property, as shown on survey prepared on December 2, 2009, under the supervision of Henry P. Mayo, R.P.L.S. #5045. (OWNER POLICY ONLY) d. Fence lies outside the property on the southeast side of the property, as shown on survey prepared on December 2, 2009, under the supervision of Henry P. Mayo, R.P.L.S. #5045, (OWNER POLICY ONLY) e. 15' Easement on the northeast side: From: Andrew Ray White, et at To: Wellborn Special Utility District Dated: May 3, 2000 Recorded: Volume 3846, Pages 279 through 304, Official Records, Brazos County, Texas; as shown on survey prepared on December 2, 2009, under the supervision of Henry P. Mayo, R.P.L.S. #5045. f. Easement: From: Elias White To: City of Bryan Dated: December 22, 1949 Recorded: Volume 141, Page 303, Deed Records, Brazos County, Texas; as shown on survey prepared on December 2, 2009, under the supervision of Henry P. Mayo, R.P.L.S. #5045. g. Oil and Gas Lease, and all terms, conditions and stipulations therein: Lessor: Andrew R. White, Individually and as Executor of the Estate of Abner White, deceased Lessee: R & R Resources Dated: February 20, 2001 Recorded: Volume 4174, Page 248, Official Records, Brazos County, Texas. Title to said interest has not been investigated subsequent to the date of the aforesaid instrument. SCHEDULE C GF No.00093937 Your policy will not cover loss, costs, attorney's fees, and expenses resulting from the following requirements that will appear as Exceptions in Schedule B of the Policy, unless you dispose of these matters to our satisfaction, before the date the Policy is issued: 1. Documents creating your title or interest must be approved by us and must be signed, notarized and filed for record. 2. Satisfactory evidence must be provided that: - no person occupying the land claims any interest in that land against the persons named in paragraph 3 of Schedule A, - all standby fees, taxes, assessments and charges against the property have been paid, - all improvements or repairs to the property are completed and accepted by the owner, and that all contractors, sub -contractors, laborers and suppliers have been fully paid, and that no mechanic's, laborer's or materialmen's liens have attached to the property, - there is legal right of access to and from the land, - (on a Mortgagee Policy only) restrictions have not been and will not be violated that affect the validity and priority of the insured mortgage. 3. You must pay the seller or borrower the agreed amount for your property or interest. 4. Any defect, lien or other matter that may affect title to the land or interest insured, that arises or is filed after the effective date of this Commitment. 5. Item No. 2 of Schedule B hereof shall be amended to read "shortages in area", upon our receipt of an acceptable survey. (As to Mortgagee Policy Only) 6. Item No. 5 of Schedule B hereof shall be amended to read "standby fees, taxes and assessments by any taxing authority for the year 2010 and subsequent years, 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.", upon payment of applicable premium. (As to Mortgagee Policy T-2 Only) (If Texas Short Form Residential Mortgagee Policy (T-2R) is issued, that policy will substitute "which become due and payable subsequent to Date of Policy" in lieu of "for the year and subsequent years.") 7. If requested in lenders closing instructions and all of our underwriting requirements are satisfied, we will issue the T17 & T19 Endorsements, upon payment of any applicable prenumns. (As to Mortgagee Policy Only) 8. We will require an Affidavit as to Debts and Liens be signed and the original provided to us prior to issuance of any title policies. 9. We will require a Waiver of Inspection (Rights of Patties in Possession) be signed by the Purchaser and the original provided to us prior to issuance of any title policies. 10. We will require an original Tax Certificate be provided, showing all taxes paid current, prior to issuance of any title policies. (If this transaction is not closing in our office, let us know if we need to order the tax certificate.) 11. ARBITRATION: The Owner Policy of Title Insurance (Form T-1) and the Mortgagee Policy of Title Insurance (Form T-2) contain an University Title Company Texas Commitment (Rev. 1-1-93) - Schedule C Fidelity National Title Insurance Company Valid Only it Schedule A and B, and Cover are attached t SCHEDULE C - continued GF No.00093937 arbitration provision. It allows the Insured or the Company to require arbitration if the amount of insurance is $2,000,000 or less. If the Insured wants to retain the right to sue the Company in case of a dispute over a claim, the Insured must request deletion of the arbitration provision before the Policy is issued. The Insured may do this by signing the Deletion of Arbitration Provision form and returning it to the Company at or before the closing of the real estate transaction or by writing to the Company. NOTE l: If you are the lender in the transaction and desire deletion of the Arbitration Provision , please inform us through your loan closing instructions. NOTE 2: This does not apply to Texas Residential Owner Policy of Title Insurance - One to Four Family Residences. If you are the purchasers of non-residential property and desire the deletion of the Arbitration Provision, a form will be presented to you at closing for execution. 12. If subject transaction will utilize a prior survey, we will require a full size, legible copy of said survey, with the surveyor's field notes, if any. Upon receipt of the existing survey, we reserve the right to determine whether said survey is acceptable for insuring purposes according to our underwriter guidelines. NOTE: While a survey may be acceptable for insuring purposes, all surveys are subject to final approval by lender. 13. Twenty-four Month Chain of Title: We have examined the records of the County Clerk of Brazos County, Texas, as they are reflected in the geographically indexed title plant of University Title Company and our records reflect that the following is a hue and correct list of DEEDS affecting title to the real property described supra for the preceding twenty-four months: None of Record Vesting Deed to owners shown herein was dated July 13, 1987 and recorded in Volume 984, Page 567, Official Records, Brazos County, Texas. 14. Require a Quit Claim Deed from Union Pacific Railroad Company, a Delaware Corporation to Andrew R. White, as to the .79 acres on the northeast side of said property. 15. Furnish the marital status of Andrew R. White; Wilbart Bledsoe; Euridell Clark; Lula Bell Holimon; Mary E. McNeal; Lee White, Jr.; Abner Leroy White, Jr.; Robert Dwight White; Edna Faye Goodman; Joseph Elias White; Ruthell Henderson and Lover Diane Woods.. Company requires the joinder of spouse(s) in any transaction involving subject property. 16. Seller to reserve mineral rights. 17. Record title is as shown on Schedule A. The application reflects Andrew Ray White as the seller. determine the disposition of the interest of Euridell Clark; Lula Bell Holimon; Lee White, Jr.; Abner Leroy White, Jr.; Robert Dwight White; Edna Faye Goodman; Joseph Elias White; and Lover Diane Woods. Additional requirements may be necessary. 18, Require that the Affidavits of Facts Concerning the Identity of Heirs on the Estates of Mazy McNeal, Ruthell Steptoe Henderson and Wilbart Bledsoe, all deceased, be filed of record. University Title Company By: Authorized Countersignature (AB1) SCHEDULE D GF No. 00093937 Pursuant to the requirements of Rule P-21, Basic Manual of Rules, Rates and Forms for the writing of Title Insurance in the State of Texas, the following disclosures are made: 1. The following individuals are Directors and/or Officers of FIDELITY NATIONAL TITLE INSURANCE COMPANY: DIRECTORS Alan L. Stinson Raymond R. Quirk Anthony J. Park OFFICERS Alan L. Stinson Raymond R. Quirk Joseph W. Grealish Anthony J. Park Patrick G. Farenga Todd C. Johnson Chief Executive Officer/C.E.O President Executive Vice President Chief Financial Officer Sr. Vice President/Treasurer Sr. Vice President/Secretary Fidelity National Financial, Inc. owns 100% of Fidelity National Title Insurance Company. 2. The following disclosures are made by the Title hnsurance Agent Issuing this Commitment: a. The names of each shareholder, owner, partner or other person having, owning or controlling one percent (1%) or more of the Title Insurance Agent that will receive a portion of the premium are as follows: Celia Goode William C. Lipsey Michael R. Hoelscher b. Each shareholder, owner, partner or other person having, owning or controlling ten percent (10%) or more of an entity that has, owns or controls one percent (1 %) or more of the Title Insurance Agent that will receive a portion of the premiuni are as follows: not applicable c, The following persons are officers and directors of the Title Insuance Agent Officers Directors President - Celia Goode Celia Goode Vice President - Michael R. Hoelscher Michael R. Hoelscher Secretary/Treasurer - William C. Lipsey William C. Lipsey 3. You are entitled to receive advance disclosure of settlement charges In connection with the proposed transaction to which this commument relates. Upon your request, such disclosure will be made to you. Additionally, the name of any person, funs or corporation receiving any sum from the settlement of this transaction will be disclosed on the closing or settlement statement. You are father advised that the estimated title premium* is: Owner Policy $ 1,557.00 Mortgagee Policy $ 100.00 Endorsement Charges $ 140.35 Total $ 1,797.35 University Title Company Texas Commitment (Rev. 1-1-93) - Schedule D Fidelity National Title Insurance Canpany 7 Valid Only if Schedule A, D and C, and Cover are attach( kf �� SCHEDULE D OF No. 00093937 Of this total amount: $_ or 15.00% will be paid to the policy issuing Title Insurance Company: $_ or 85.00% will be retained by the issuing Title Insurance Agent, and the remainder of the estimated preminun will be paid to other parties as follows: AMOUNT TO WHOM FOR SERVICES * The estimated premium is based upon information furnished to us as of the date of this Commitment for Title Insurance. Final determination of the amount of the premium will be made at closing in accordance with the Rules and Regulations adopted by the Commissioner of Insurance. This Commitment is invalid unless the insuring provisions and Schedules A, B and C are attached. Iiniversity Title Company Texas Commitment (Rev. 1-1-93) - Schedule D ,Fidelity National itic Insurance Company Valid Only if Schedule A, B and C, and Cover are attached (, Exhibit A All that certain tract or parcel of land lying and being situated in the Peter Norton Survey, Abstract No. 186, in College Station, Brazos County, Texas, being a part of that 21 acre Tract Two conveyed to Abner White by Deed recorded in Volume 984, Page 567 of the Official Records of Brazos County, Texas, and being more particularly described as follows: BEGINNING at a 1/2" iron rod with an orange plastic cap stamped "H.P. Mayo RPLS 5045" set at the point of intersection of the southwest tine of that 125' wide right-of-way conveyed to the International & Great Northern Railroad Company by Deed recorded in Volume 24, Page 357 of the Deed Records of Brazos County, Texas, and the southeast line of the Rock ,Prairie Road West 100' wide right-of-way described in Deed to Brazos County and recorded in Volume 3365, Page 311 of the Official Public Records of Brazos County, Texas, from where the City of College Station GPS Control Monument No. 117 bears N 65" 26' 58" 'E - 1523.5'; THENCE S 22" 03' 48" F - 975.22 feet along southwest line of the said I&GN Railroad tract to a 1/2' iron rod with an withan orange plastic cap stamped "II.P. Mayo RPLS 5045" set in the southeast line of the said Abner White 21 acre tract, from where a 1/2" iron rod was found N 41" 43' 08" E - 39.69 feet a t the north corner of that 2.56 acre tract conveyed to Travis Williams, Sr. and wife, Helen Williams by deed recorded in Volume 976, Page 785 of the Official Records of Brazos County, Texas; THENCE S 41" 43' 08" W - 51.1.96 feet, generally along an old barbed -wide fence, along the line between the said Abner White tract and the said Williams 2.56 acre tract, to a 3/4" iron bar and 1/2" iron rod found at the North fence earner of that 2.00 acre tract conveyed to Ervin M. Williams, Sr. and wife, Mildred Williams by Deed recoiled in Volume 976, Page 782 of the Official Records of Brazos County, Texas; THENCE S 41" 21' 44" W-164.39 feet, generally along a barbed-wire fence, along the line between the said Abner White tract and tine said Williams 2.00 acre tract, to a 3/4" iron bar found at the West fence corner of the said 2.00 acre tract; THENCE S 42" 22' 26" W - 50.54 feet, along the northwest line of that 11.26 acre tract conveyed to Ovals, Incorporated by deed recorded in Volume 6863, Page 86 of the Official Public Records of Brazos County, Texas, to an old cross -tie fence earner post at tine common corner of the said Abner White 21 acre Tract Two and that 50 acre Tract One, also conveyed to Abner White by same deed; THENCE N 45" 33' 16" W-170.97 feet along the common line of the said Tract One and Tract Two, generally along an old fence to a 5/8" iron rod found at the south corner of that 8.000 acre tract conveyed to Edna Faye Goodman by deed recorded in Volume 6525, Page 148 of the Official Public Records of Brazos County, Texas; THENCE N 43" 10' 01" E - 482.23 feet through the said Abner White TraetTwo and along the said Goodman bract southeast line, to a 1/2" iron rod found at the east corner of the same; THENCE N 48" 00' 15" W - 728.93 feet continuing through the said Abner White tract and along the northeast line of the said Goodman tract to a 1/2" iron rod with an orange plastic cap stamped "H.P. Mayo RPLS 5045" set in the southeast right-of- way line of Rock Prairie Road West, from where a 1/2" iron rod fond marking the north corner of the said Goodman tract bears N 48" 00' 15" W - 4.84 ; THENCE N 41" 46' 38" E - 557.36 feet along the said Southeast right-of-way line to a 1/2" iron rod with an orange plastic cap stamped "H,P. Mayo RPLS 5045" set at the beginning of a tangent curve to the right (11=500.00'); THENCE continuing with tine said southeast right-of-way line, along the are of said curve through a central angle of 12" 18' 48", the chord of which bears N 47" 56' 02" E-107.25 feet, to tine Point of Beginning and containing 11.06 acres 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 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 Z of Schedule B hereof. A. VB, �PAsmsio CFIbV861oFNp U1. SETTLEMENT STATEMENT University Title Company 1021 University Drive East College Station, TX 77840 (979)260-9818 Fonn Approved OMBW. 2602.0265 LOAN 3. LJGDNV. UNIN& 00100329-001 DIM 8. MORTGAGE INSURANCE CASE NUMBER: C. NOTE: This form is furnished to give you a statement creatural sefaememcasts. Amounts paid to and by the settienlent agent are shown. Items marked "(P.O.C.)" were paid outside the dosing, they am sham, here for Informational pumoses and are not fncludedin the totals D. NAME OF BORROWER: Chad .Jackson ADDRESS OF BORROWER: College Stalion TX 77845 E. NAME OF SELLER: Andrew White ADDRESS OF SELLER: 3019 Meseta Street College Station TX 76054 F. NAME OF LENDER: Andrew White ADDRESS OF LENDER: 3019 Meseta Street College Station, TX 75064 G. PROPERTY LOCATION: 3801 Rock Prairie Rod College Station, TX 77845 PLACE OF SETTLEMENT: 1021 University Drive East, College Station, Tx 77840 I. SETTLEMENTDATE: 2/15/2010 PRORATION DATE: 2/16/2010 DISBURSEMENT DATE: 2/15/2010 J. SUMMARY OF BORROWER'S TRANSACTION K. SUMMARY OF SELLER'S TRANSACTION IBM OROSSAMOUNTDIIE FROM a0 ONER: 400: GROSS AMOUNTOUE TOSELLER: 101. Contract Sales Pace 73,746.00 401. Contract Sales Pace 73,745.00 10Z Personal Property 402. Personal Property 10& Settlement charges to Borrow" (line 1400) 719.00 403. 104. 4K 105. 405, ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE: ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE: 106. Cityrrown Taxes 406. CI frown Taxes 107. County Taxes 407. County Taxes 108. Assessments 408. Assessments 109. 409. 110. 410. Ill. 411. 112. 412. 113. 413. 114. 1411 115. 120. GROSS AMOUNT DUE FROM BORROWER: 74,464.00 420. GROSS AMOUNT DUE TO SELLER: 73,745.00 200. AMOUNTS: PAID BY ORIN BEHALF OF BORROWER: 600:: REDUCDONS IN AMOUNTOUE TO.SELLER 201. Deposit or earnest money 601. Excess deposit (see Instmotlons 202, principal amount of new loans) 502. Settlement charges to Seller (line 1400) 6,647.70 203. Existing loan(s) taken subject to 503. Existing loans taken subject to 204. 504. Payoff of first mortgage loan 205. 505, Payoff of second mortgage loan 206. 506. 207. New First Loan from Andrew White 43,745.00 507, New First Loan from Andrew White ,0 258. 508. 209. 509. ADIUSTMFNTS FOR ITEMS UNPAID BY SELLER: ADJUSTMENTS FOR ITEMS UNPAID BY SELLER: 210. Clty(Tomm Taxes 510, Cityflown Taxes 211. County Taxes 01/01/10 to 02/16/10 187.23 511. County Taxes 01/01/10 to 02/16/10 187.23 212, Assessments 512. Assessments 213. 513. 214. 514. 215. 515. 216. 518. 217. 517. 218. 518, 219. 519, 220, TOTAL PAID BYIFOR BORROWER: 43,932.23 520. TOTAL REDUCTIONS IN AMOUNT DUE SELLER: 50,579.93 1�.7eF3!Gri f.43ii137i3`Td3:TiArugtTi'�,:Gldld: i,LieTlisr81F9lusiAld;Y6N],tl:T.]ll8dllsd: 1 301. Gross amount due from Borower ( line 120) 74,464,001 601. Gross amount due to Seller (line 420) 73,745.00 302. Less amount paid by/for Borrower( line 220) 43,932.23 602. Less reduction in amount due Seller (line 520) 50,579.93 303. CASH( ®FROM) ( 13 TO)BORROWER: 30,631.77 1 603. CASH(❑ FROM) (M TO)SELLER: 23,165.07 SfERLE�ENT CHARGES Ft 4BER ]al a:Tr1T41"SGI FSIPRfIKEWe C9MM V. P.0 BASED ON PRICES 73,745.00 d$ 6.000%= $4,424.70 DIVISION OF COMMISSION(LINE 700) AS FOLLOWS: PAD FROM BORROWERS FLNDS AT SETTLEMENT PAIDFROM SELLER'S FUNDSAT SETTLEMENT 701. $ 2212.35 Io Century 21 Beal Inc. 702. S 2,212.35 to Executive Real Estate Services 703. Commission paid at settlement 4,424.70 704. MO. ITEMS PAYABLE IN CONNECTION KITH LOAN: P.9.c. 801. Loan Origination Fee 802. Loan Discount Fee 803, Appraisal Fee 804. Cretlit Report 605. Lenders Inspection Fee 806. Mortgage Insurance Application Fee 607. Assumption Fee 806. 809. 810. 811. 900. ITEMS REQUIRED BY LENDER MOE PAID IN ADVANCE: P,O,C, 901, Interest From 10 $/day % ( days) 902. Mortgage Insurance Premium for Month(s)to 903. Hazard Insurance Premium for Years(s) to 904. 905. 7Ma RESERVES DEP[BITEDNIIH 1001. Hazard insurance months ®$ per month 1002, Mortgage Insurance months ®$ per month Ion City Property Taxes Marro S per month 1004. County Property Taxes Marine $ per month 1005. Annual Assessments months M$ permonth 1006. Mara. @$ per month 1007. monhs@$ permonth 1008, menthsdd$ permonm 1 `4ana mvprKARRE9• P.O.C. ji 1101. Settlement or closing fee 1102. Abstract or title search 1103. Title examination 1104. THIS Insurance binder 1105. Document preparation to J. Bayliss P.C. 350.00 938. 1106, Notary fees 1107. Attorneys Fees gncludes above items number: ) 1108, Title Insurance to University Title Company 125.00 667.00 (includes above Items number: ) 1109. Lenders Coverage $ 43,745.00 125 1110. Ovmets coverage $ 73,74N0 687 1171. Escrow Fee to University Title Company 175.00 7 .00 1112, Tax Certificate to University Title Company 10.00 1113. r4200.SOOVERNMENT RECORWNGAND TRANSFER CHARGES: P.O,C, 1201. Recording Fees: Deed $ 24.00 Mortgage $ 40.00 Release $ 64.00 1202. City/CountyCity/County tax/stem s Deed$ Mortgage $ 1203. Slate tax/stamps Deed$ Mort age$ 1204. 1205. UK ADWTIONAL SETTLEMENT CHARGES: 1301. Survey 1302. Pest Inspection 1303. State of TX Polioy Guaranty FE to UTC 5.00 5.00 1304. 1305. 2009 Taxes (301912) to Knsteen Roe Brazos County 428.00 1306. 1307. 1400. TOTAL SETTLEMENT CHARGES (Enter on line 103,Sectlon J- and -line 602, Section K) 719.00 6,647.70