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HomeMy WebLinkAbout10-00500052- 00074976Aggieland Title Company SUBSEQUENT TO CERTIFICATE GF# 25430 PROPERTY DESCRIPTION: See Exhibit "A" attached. RECORD TITLE APPEARS TO BE VESTED IN: Genesis Revelation, L.L.C. THE STATE OF TEXAS COUNTY OF BRAZOS We, AGGIELAND TITLE COMPANY, hereby certify that we have carefully examined the records in the Office of the County Clerk of Brazos County, Texas, and find nothing of record affecting title to the above captioned lands subsequent to: September 23, 2009@ 12:47 pm EXCEPT the following: Partial Release of Lien dated September 21, 2009, from Brazos Valley Bank NA to Gary Seaback, filed for record September 24, 2009, recorded in Volume 9325, Page 1 of the Official Public Records of Brazos County, Texas. (for 8461/124 DT) 2. Correction and re-recording of insured Deed of Trust dated September 21, 2009, from Genesis Revelation LLC to First Victoria National Bank, filed for record. October 6, 2009, recorded in Volume 9340, Page 128 of the Official Public Records of Brazos County, Texas. 3740 Copperfield Drive, Suite 101 • Bryan, Texas 77802 P. O. Box 4233 • Bryan, Texas 77805 Phone (979) 731-8400 . FAX (979) 731-8408 I' 3. Non-homestead Affidavit, disclaiming subject property as homestead, executed by Richard J. Huffman and Susan K. Huffman, filed for record October 6, 2009, recorded in Volume 9340, Page 148 of the Official Public Records of Brazos County, Texas. We find State Tax Liens, Federal Tax Liens, Abstracts of Judgment or Lis Pendens of record against the above captioned property owner as follows: None Found This certificate is prepared and delivered with the express understanding and agreement, evidenced by the acceptance hereof, that the undersigned is not rendering an opinion as to the title to the lands under investigation herein, and while believing its construction of the records as hereinabove set out to be true and correct, still will incur no liability beyond the fee paid for this certificate by reason of such construction, nor will it be liable for any error or omission of any kind whatsoever. RECORDS searched to the 25th day of January, 2010, at 7:00 o'clock a.m. AGGIELAND TITLE COMPANY BY: Abstracter: Carolyn Gaston 2 Continuation of Schedule A EXHIBIT "A" Policy No. TL 1438353 Metes and bounds description of all that certain tract or parcel of land lying and being situated in the JOHN PAYNE SURVEY, Abstract No. 195, Brazos County, Texas. Said tract being a portion of the remainder of a called 35.880 acre tract of land as described by a deed to Gary Seaback recorded in Volume 8461, Page 119 of the Official Public Records of Brazos County, Texas. Said tract being more particularly described by metes and bounds as follows: BEGINNING at a 1/2 inch iron rod found on the north line of South Dowling Road (R.O.W. varies) marking the south corner of said 35.880 acre tract and the southwest corner of the remainder of a called 65.865 acre tract of land as described by a deed to J. C. Thompson, Jr., and wife, Teri D. Thompson recorded in Volume 3551, Page 193 of the Official Public Records of Brazos County, Texas; THENCE: Along the north line of South Dowling Road for the following calls: N 40° 42' 47" W for a distance of 60.61 feet to a 1/2 inch iron rod found; N 46° 27' 14" W for a distance of 135.81 feet to a 1/2 inch iron rod found; N 57° 48' 41" W for a distance of 919.33 feet to a 1/2 inch iron rod found marking the south corner of the remainder of Lot 1, John Loggins Subdivision according to the Plat recorded in Volume 3340, Page 111 of the Official Public Records of Brazos County, Texas; THENCE: N 200 23' 23" E along the southeast line of said Lot 1 for a distance of 256.63 feet to a 1/2 inch iron rod found marking the east corner of said Lot 1; THENCE: S 810 24105" E through said 35.880 acre tract for a distance of 947.30 feet to a 1/2 inch iron rod set on the southwest line of said remainder of 65.865 acre tract marking the northeast corner of this herein described tract. For reference, a 1/2 inch iron rod found marking the northeast corner of the remainder of said 35.880 acre tract bears: N 080 35' 45" E for a distance of 1190.80 feet (this line used for bearing orientation honoring the deed call bearing as shown in said deed, 8461/119); THENCE: S 080 35' 45" W along the common line of said remainder of 35.880 acre tract and said remainder of 65.865 acre tract for a distance of 736.43 feet to the POINT OF BEGINNING, containing 10.703 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 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 No. 2 of Schedule B. FORM T-2: Loan Policy of Title Insurance Page 3 1 COMMITMENT FOR TITLE INSURANCE SCHEDULE A Effective Date: June 22, 2009, 7:00 am issued: July 6, 2009, 2:25 pm Commitment No. (if applicable) The policy or policies to be issued are: (a) OWNER'S POLICY OF TITLE INSURANCE (Form T-1) (Not applicable for improved one-to-four family residential real estate) Policy Amount: $300,000.00 PROPOSED INSURED: Genesis Revelation, LLC (b) TEXAS RESIDENTIAL OWNER POLICY OF TITLE INSURANCE - ONE-TO-FOUR FAMILY RESIDENCES (Form T-1R) Policy Amount: PROPOSED INSURED: G.F. No. or File No. 25430 (c) LOAN POLICY OF TITLE INSURANCE (Form T-2) Policy Amount: $225,000.00 PROPOSED INSURED: First Victoria National Bank Proposed Borrower: Genesis Revelation, LLC (d) TEXAS SHORT FORM RESIDENTIAL MORTGAGEE POLICY OF TITLE INSURANCE (Form T-2R) Policy Amount: PROPOSED INSURED: Proposed Borrower: (e) MORTGAGEE TITLE POLICY BINDER ON INTERIM CONSTRUCTION LOAN (Form T-13) Binder Amount: PROPOSED INSURED: Proposed Borrower: (f) OTHER 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: Gary Seaback Legal description of the land: Metes and bounds description of all that certain tract or parcel of land lying and being situated in the JOHN PAYNE SURVEY, Abstract No. 195, Brazos County, Texas. Said tract being a portion of the remainder of a called 35.880 acre tract of land as described by a deed to Gary Seaback recorded in Volume 8461, Page 119 of the Official Public Records of Brazos County, Texas. Said tract being more particularly described by metes and bounds as follows: BEGINNING at a 1/2 inch iron rod found on the north line of South Dowling Road (R.O.W. varies) marking the south corner of said 35.880 acre tract and the southwest corner of the remainder of a called 65.865 acre tract of land as described by a deed to J. C. Thompson, Jr., and wife, Teri D. Thompson recorded in Volume 3551, Page 193 of the Official Public Records of Brazos County, Texas; THENCE: Along the north line of South Dowling Road for the following calls: N 40° 42' 47" W for a distance of 60.61 feet to a 1/2 inch iron rod found; N 461 27' 14" W for a distance of 135.81 feet to a 1/2 inch iron rod found; N 57° 48' 41" W for a distance of 919.33 feet to a 1/2 inch iron rod found marking the south corner of the Old Republic National Title Insurance Company Page 1 A Continuation of Schedule A G.F. No. 25430 remainder of Lot 1, John Loggins Subdivision according to the Plat recorded in Volume 3340, Page 111 of the Official Public Records of Brazos County, Texas; THENCE: N 201 23' 23" E along the southeast line of said Lot 1 for a distance of 256.63 feet to a 1/2 inch iron rod found marking the east corner of said Lot 1; THENCE: S 81° 24' 05" E through said 35.880 acre tract for a distance of 947.30 feet to a 1/2 inch iron rod set on the southwest line of said remainder of 65.865 acre tract marking the northeast corner of this herein described tract. For reference, a 1/2 inch iron rod found marking the northeast corner of the remainder of said 35.880 acre tract bears: N 081 35' 45" E for a distance of 1190.80 feet (this line used for bearing orientation honoring the deed call bearing as shown in said deed, 8461/119); THENCE: S 080 35' 45" W along the common line of said remainder of 35.880 acre tract and said remainder of 65.865 acre tract for a distance of 736.43 feet to the POINT OF BEGINNING, containing 10.703 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 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 No. 2 of Schedule B. Old Republic National Title Insurance Company Page 2 COMMITMENT FOR TITLE INSURANCE SCHEDULE B EXCEPTIONS FROM COVERAGE In addition to the Exclusions and Conditions and Stipulations, your Policy will not cover loss, costs, attorneys' fees, and expenses resulting from: 1. The fellowing restfietive eevenafAs of feeefd itemized below (We must either insert speeifie Feeafding da4a or- delete thi exeeptieii): 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 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 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 2009, 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 Loan 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 Old Republic National Title Insurance Company Page 1 Continuation of Schedule B G.F. No. 25430 of this Schedule B do not apply to the Texas Short Form Residential Mortgagee Policy (T-2R). 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. Easements or claims of easements which are not recorded in the public records of Brazos County, Texas. b. Aerial Electric line and pole entering property from South Dowling Road; aerial guy line and pole toward the south corner and telephone riser on the southwest boundary of property, all as shown on the survey dated May 28, 2009, prepared under the supervision of Brad Kerr, RPLS No. 4502. C. Right-of-Way Easement granted to City of Bryan by Joseph S. Osoba et al as set out in instrument dated October 18, 1976, recorded in Volume 361, Page 226 of the Deed Records of Brazos County, Texas. d. Right-of-Way Easement granted to City of Bryan by Robert K. and Charlene D. Strawn, dba Strawn Water Gardens as set out in instrument dated October 22, 1999, recorded in Volume 3843, Page 11 of the Official Public Records of Brazos County, Texas. e. Mineral Reservation as set out in deed dated July 6, 1994 from Larry J. Ringer, John K. Kerver and Claude E. Cooke, Jr. to Robert K. Strawn and Charlene D. Strawn d/b/a Strawn Water Gardens, recorded in Volume 2156, page 67, Official Public Records of Brazos County, Texas. Title to this interest not investigated subsequent to date of said instrument. f. There is expressly excluded from coverage hereunder, and this Company does not insure title to oil, gas and other minerals of every kind and character in, on and under the property herein described. g. Rights of parties in possession. Old Republic National Title Insurance Company Page 2 Brazos CAD - Property Deta;ls Pagel of 2 Brazos CAD Property Search Results > 350900 GENESIS REVELATION LLC for Year 2010 Property Account Property ID: 350900 Legal Description: A019500 JOHN PAYNE, TRACT 1.21, ACRES 10.703 Geographic ID: 019500-0001-0021 Agent Code: Type: Real Location Address: S DOWLING RD Mapsco: TX Neighborhood: R-SW;ABSTRACTS Map ID: 552-184 Neighborhood CD: 06000 Owner Name: GENESIS REVELATION LLC Owner ID: 244921 Mailing Address: 8706 REDWOOD ST % Ownership: 100.0000000000% COLLEGE STATION, TX 77845-5579 Exemptions: Values Improvement Homesite Value: + Improvement Non-Homesite Value: + Land Homesite Value: + Land Non-Homesite Value: + Agricultural Market Valuation: + Timber Market Valuation: + Market Value: _ Ag or Timber Use Value Reduction: - Appraised Value: _ HS Cap: - Assessed Value: _ Taxing Jurisdiction Owner: GENESIS REVELATION LLC % Ownership: 100.0000000000% Total Value: N/A N/A N/A N/A N/A Ag / Timber Use Value N/A N/A N/A N/A N/A N/A N/A N/A N/A Entity Description Tax Rate Appraised Value CAD APPRAISAL DISTRICT N/A N/A F1 EMG SVCS DIST #1 N/A N/A G1 BRAZOS COUNTY N/A N/A S2 COLLEGE STATION ISD N/A N/A ZRFND Z REFUND ENTITY N/A N/A Total Tax Rate: N/A Improvement / Building Taxable Value Estimated Tax N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A Taxes w/Current Exemptions: N/A Taxes w/o Exemptions: N/A http://propaccess.trueautomation.com/clientdb/Proi)erty.asi)x?prop id=350900 3/23/2010 Brazos CAD - Property Details No improvements exist for this property. Land Page 2 of 2 # Type Description Acres Sqft Eff Front Eff Depth Market Value Prod. Value 1 9 VACANT -5 ACRES 10.7030 466222.68 0.00 0.00 N/A N/A Roll Value History Year Improvements Land Market Ag Valuation Appraised HS Cap Assessed 2010 N/A N/A N/A N/A N/A N/A Deed History - (Last 3 Deed Transactions) # Deed Date Type Description Grantor Grantee Volume Page 1 9/21/2009 12:00:00 AM WD WARRANTY DEED SEABACK GARY GENESIS REVELAI 9322 245 Questions Please Call (979) 774-4100 This year is not certified and ALL values will be represented with "N/A". i Website version: 1.2.2.2 Database last updated on: 2/25/2010 8:31 © 2010 True Automation, Inc. All Rights Reserved. Privacy Notice This site only supports Internet Explorer 6+, Netscape 7+ and Firefox 1.5+. http://propaccess.trueautomation.com/clientdb/Proi)ertv.asDx?Drop id=350900 I/?I/?nI n Map Brazos CAD Property Search Results > Property ID 15870 SEABACK GARY for Year 2010 Property Details Account Property ID: 15870 Geo. ID: 019500-0001- 0020 Type: Real A019500 JOHN Legal PAYNE, TRACT Description: 1.2, ACRES 11.565 Location Address: S DOWLING RD TX R Neighborhood: SW;ABSTRACTS Mapsco: CAD, F1, G1, S2, Jurisdictions: ZRFND Owner Name: SEABACK GARY Address: WESTGATE CENTER 4245 WELLBORN RD BRYAN, TX 77801-4622 Property Appraised Value: N/A Map Layers fr Radius Search Page 1 of 1 Website version: 1.2.2.2 Database last updated on: 2/25/2010 8:31 PM © 2010 True Automation, Inc. All Rights Reserved. Privacy Notice This site only supports Internet Explorer 6+, Netscape 7+ and Firefox 1.5+. http://propaccess.trueautomation.com/Map/Map.aspx?cid=65&prop id=15870&year=2010 3/23/2010 Q. ,"1 0 a p '*fI 1: Zoom