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HomeMy WebLinkAboutTitle InsurancePremium: _ 1200 SCHEDULE A Name and Address of Title Insurance Company: SSteewa T�Q Company Houston, TX 77252 -2029 File No.: 145203A Policy No.: 0- 5941 -01045 Issued With: M -5942 -06245 Address for Reference Only: Sebesta Road College Station, TX, 77Ftd� .. 8 .5 POLICY AMOUNT: POLICY DATE: October 21, 2008 at 04 :09 PM 1. NAME OF INSURED: EMERALD RIDGE ESTATES, LTD. 2. WE INSURE YOUR INTEREST IN THE LAND COVERED BY THIS POLICY IS: FEE SIMPLE 3, TITLE TO THE ESTATE OR INTEREST IN THE LAND IS VESTED IN: EMERALD RIDGE ESTATES, LTD. 4. LEGAL DESCRIPTION OF THE LAND: Field notes of a 26.12 acre tract or parcel of land, Tying and being situated in the MORGAN RECTOR SURVEY, ABSTRACT N). 46, College Station, Brazos County, Texas, and being the remainder of a 45.224 acre tract described in the deed from Jett - Schultz Joint Venture to Leroy S. Fletcher and wife, Nancy M. Fletcher recorded in Volume 1208, Page 782, of the Official Records of Brazos County, Texas, and all of the "Wolters to Fletcher" tract (Exhibit A) described in the Exchange Deed between Leroy S. Fletcher and wife, Nancy M. Fletcher and Freddie A. Wolters and wife, Mary Wolters, recorded in Volume 4212, Page 230, of the Official Records of Brazos County, Texas, and said 26.12 acre tract being more particularly described as follows: BEGINNING at a %" iron rod found at a crosstie fence comer marking the common comer between the beforementioned 45.224 acre tract and Lot 18 (2.48 acres), Sandstone Addition according to the plat recorded in Volume 389, Page 179, of the Deed Records of Brazos - County Texas, said */ "iron rod found also tying in the southeast line of a 30' wide strip -1.866 acres described in the deed from Tom Sebesta to Freddie A. Wolters recorded in Volume 148, Page 614, of the Deed Records of Brazos County, Texas, same being the beforementioned "Wolters to Fletcher" tract; BRAZOS COUNTY ABSTRACT COMPANY L+ y . .' ry ?ho SiO zture P -L File No.: 146203A S T EWAR T TITLE GUARANTY COMPANY SCHEDULE A (Continued) Policy No.: 0 -5941 -01045 THENCE S 45° 35' 27" W along the common line between the beforementioned 1.866 acre tract and Lot 18, Sandstone Addition for a distance of 352.16 feet to a %2" iron rod set in the northeast right -of -way line of Sandstone Drive - 60' right -of -way; THENCE N 44° 54' 31" W along a projection of the northeast right -of -way line of Sandstone Drive, across the beforementioned 1.866 acre tract for a distance of 30.00 feet to a' /2" iron rod set in the common line between the said 1.866 acre tract and the 89 acre tract described in the deed to Frank Dobrovolny recorded in Volume 114, Page 498, of the Deed Records of Brazos County, Texas, (for a complete description see Volume "0 ", Page 144, of the Civil Minutes of District Court), the northwest right -of -way line of Sebesta Road bears northwest - 19.4 feet; THENCE along the common line between the beforementioned 1.866 acre tract (lying to the southeast) and the 89 acre tract and the 75 acre tract described in the deed to Frank Dobrovolny recorded in Volume 81, Page 148, of the Deed Records of Brazos County, Texas, (lying to the northwest), as follows: N 45° 35' 27" E at a distance of 223 feet, pass the common corner between the said 89 acre tract and the 75 acre tract, continue on for a total distance of 352.06 feet, N 44° 12' 58" E for a distance of 1284.55 feet to a h" iron rod set in a projection of the southwest line of a 20.30 acre tract described as the "Fletcher to Wolters" tract (Exhibit B) in the beforementioned Exchange Deed between Fletcher and Wolters, a /2" iron rod found marking the east corner of Emerald Forest Phase 7, same being the east end of Emerald Parkway - 80' right -of -way, bears N 76° 08' 39" W - 14.94 feet; THENCE S 76° 08' 39" E along the southwest line of the beforementioned 20.30 acre tract, adjacent to a fence, for a distance of 934.51 feet to a %" iron rod set at the south corner of the said 20.30 acre tract and in the northwest line of a 64.1 acre tract described in the deed to J. Garland Watson, recorded in Volume 3005, Page 335, of the Official Records of Brazos County, Texas; THENCE S 44° 23' 12" W along the common line between the beforementioned 45.224 acre tract and the 64.1 acre tract, adjacent to a fence, for a distance of 181.72 feet to a 1/2" iron rod set 1' from a 6" creosote post fence corner marking the common corner between the said 64.1 acre tract and the 18.45 acre tract shown as Sandy Ridge according to the plat recorded in Volume 501, Page 473, of the Deed Records of Brazos County, Texas; THENCE -S 44 °- 10' -00 "W -along the common _line _between . the _beforementioned - 45.224 acre tract and Ridge Subdivision, adjacent to a fence, for a distance of 1191.12 feet to the common corner between the said 45.224 acre tract and the Sandy Ridge Subdivision, and in the northeast line of the beforementioned Sandstone Addition, a 3/8" iron rod found at 6" creosote post fence comer bears N 54° 08' E - 0.7 feet; THENCE along the common line between the beforementioned 45.224 acre tract and the Sandstone Addition, adjacent to a fence, as follows: N 86° 24' 43" W for a distance of 397.95 feet to a i2" iron rod set, N 77° 53' 03" V,/ for a distance of 97.41 feet to a 20" sna❑ N 56" 23' 557' f Y for a distanc= of .2 99 foe to t o P' ACP OF ,GI NN1YY . containing 25.12 : of land. more o ies . STEWART TITLE GUARANTY COMPANY SCHEDULE B File No.: 146203A Policy No.: 0 -5941 -01045 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 OR EASEMENTS, IF ANY, SHOVVN IN SCHEDULE A AND THE FOLLOWING MATTERS: 1 THE FOLLOWING RESTRICTIVE COVENANTS OF RECORD ITEMIZED BELOW (THE COMPANY MUST EITHER INSERT SPECIFIC RECORDING DATA OR DELETE THIS EXCEPTION): item No. 1 is hereby deleted in its entirety. 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. 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 RIGHTS OF ACCESS TO THAT AREA OR EASEMENT ALONG AND ACROSS THAT AREA. 5. STANDBY FEES, TAXES AND ASSESSMENTS BYANY 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. 6. THE FOLLOWING MATTERS AND ALL TERMS OF THE DOCUMENT CREATING OR OFFERING EVIDENCE OF THE MATTERS IERS E MUST INSERT MATTERS OR DELETE THIS EXCEPTION.): a. Vendor's Lien retained in Deed dated October 20, 2008, executed by Leroy S. Fletcher and wife, Nancy M. Fletcher to Emerald Ridge Estates, Ltd., a Texas limited partnership securing the payment of one note of even date therewith in the principal amount of $490,000.00, payable to Compass Bank, and said note being additionally secured by deed of trust of even date therewith to Ben Hayes Riggs, Trustee, said Deed of Trust and Security Agreement filed for record in the Office of the County Clerk of Brazos County, Texas, on October 21, 2008, under Clerk's File No. 1012784 and recorded in Volume 8843, page 117, Official Records of Brazos County, Texas, and being subject to all of the tel rl IS, conditions and stipulations contained in said note and deed of trust. Rion s. of Ganes. In Possession. E^ _ which r r _. - c records. C c r _ ,. ,. i i- C O l � c / -!:,:. r� I � � ..� � ~�.,� � _. � i ! the G u �l l i �•., `�„ Il�lii�. �_. cl G. �. I �`. C�iJ �T .ni v'. G r' Rio i.-of-V\lay Easement fr Mary Se5ee a e.2: __ Humble ripe Ty File No.: 146203A STEWART TITLE GUARANTY COMPANY SCHEDULE B (Continued) Policy No.: 0- 5941 -01045 recorded in Volume 49, page 23, Deed Records of Brazos County, Texas and as amended by instrument recorded in Volume 387, page 946, Deed Records of Brazos County, Texas. e. Easement from Tom Sebesta et ux to Gulf States Utilities Company, dated May 7, 1947, recorded in Volume 130, page 147, Deed Records of Brazos County, Texas. f. Easement from Freddie A. Wolters to Veterans Land Board State of Texas, dated December 28, 1961, recorded in Volume 217, page 342, Deed Records of Brazos County, Texas. g. Easement from Freddie A. Wolters et ux to Federal Land Bank Houston, dated December 7, 1964, recorded in Volume 242, page 242, Deed Records of Brazos County, Texas. h. Easement from James E. Jett, Trustee et al to City of College Station, dated April 23, 1982, recorded in Volume 518, page 231, Deed Records of Brazos County, Texas. i. Utility Easement from Freddie A. Wolters to City of College Station, dated April 26, 1982, recorded in Volume 518, page 246, Deed Records of Brazos County, Texas. j. Easements from James E. Jett, Trustee et al to City of College Station, dated April 23, 1985, recorded in Volume 785, pages 419 and 423, Deed Records of Brazos County, Texas. k. 15' Access Easement located along the north boundary line of the present 26.66 acre tract under Cause No. 48,414 -85, District Clerk, Brazos County, Texas. I. Royalty reservation in Deed from Tom Sebesta et ux to Claud J. Burgin et ux, dated August 12, 1952, recorded in Volume 155, page 286, Deed Records of Brazos County, Texas. Title to this reservation has not been traced subsequent to the date of the above -cited instrument. m. Royalty Deed from Freddie A. Wolters et ux to Pamela Ann Wolters Boyd et al, dated November 9, 1981, recorded in Volume 500, page 758, Deed Records of Brazos County, Texas. Title to this royalty interest has not been traced subsequent to the date of the above -cited instrument. n. Mineral reservation in Deed from Jett - Schultz Joint Venture No. 101, Ltd. to Leroy S. Fletcher et ux, dated September 5, 1990, recorded in Volume 1208, page 782, Official Records of Brazos County, Texas, subject to terms and conditions of surface waiver contained therein. Title to this reservation has not been traced subsequent to the date of the above -cited instrument. o : -- _Estate created by0il Gas tease Freddie A Wolters - et - uxto lnexco Oil -Company, -dated May 8, 1985, recorded in Volume 797, page 397, Official Records of Brazos County, Texas. Title to this lease has not been traced subsequent to the date of the above -cited instrument. p. Estate created by Oil and Gas Lease from Jett - Schultz Venture No. 101, Ltd. to Central Plains Oil and Gas Corp., dated August 26, 1991, recorded in Volume 1333, page 132, and corrected in Volume 1586, page 257, Official Records of Brazos County, Texas; and as amended by instrument recorded in Volume 1524, page 253, Official Records of Brazos County, Texas and as ratified by instruments recorded in Volume 1597, pages 112, 113, 114 and 115, Official Records of Brazos County, Texas. Title to this lease has not been traced subsequent to the date of the above -cited instrument. The Tax Celli icdte furnished by the taxing authorities is issued on res' estate only It boas no Include minerals and /or personal property, therefore, nn is assumed herein for the payment o sac rrir ra{ and;or persona' prone, iG> n you ""minio"m°m, °�mu�e�o�o,"�ua��amememx° v�a�"�m"xmt�e"u.��1 n make ��mv�" v�/pmq`�mmv� furnish written �� ni with Section uof the Conditions end Stipulations. Visit our World Wide Web sits at: hrtp.x°°°stewan.cn= '---------------------- � = � (a) A defect in the Title caused by: (i) forgery, fraud, undue influence, dureSs.,9r1cOrnoetehey,-Iinbapacity or impersonation; (ii) failure of any person or Entity h (iii) a document affecting Title not created, executed, witnessed, sealed, acknowledged, notarized or (iv) failure to perform those acts neceSsaryt4,:create a doCurnehtliy electronic means authorized by law; (v) a document executed under a';.fa,ISified,*pired or otherwiseliwalid power of attorney; (vi) a document not properly filed, 'reCbrded: including failure to perform those acts by electronic means authorized by 1,0,W;j (vii) a defective judicial or administrative':ptoteediria.: (b) The lien of real estate taxes or ass governmental authority due or ' able, but (c) Any encroachment, encumbrance, ---- circumstance affecting the Title that would be "encroachment' includes encroachments of disclosed by an accurate and complete l'and' term existing improvements located the encroachments onto the La.'. of existing • ^ adjoining �|ien�x|abororm��h�sh��ngd�incepbon constitutional n�n (d) Anya��utoryor =�".~..�~~.~....~__''�—� . on or before Date of Polioy. 3. Lack of good and indefeasible Title. 4. No right of access to and from the Land. �� Covero�Rishsxon�nuedonne�tpo0*� " —~`,`^` IN WITNESS WHEREOF, Stewart Title Gue dthia policy to be signed and sealed by its duly authorized officers as of Date of Policy shown in 3chedule ~~_ ` _ .title guaranty company Any notice of claim and any other notice or statement in vi.fritiriq required to be given the Company under this Policy must be aiven to the Company at th,e address shown inSection - 18, of the Conditions. \: COVERED RISKB1 SUBJECTTOTHE EXCLUSIONS FROM COVERAGE,THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS, STEWART TITLE GUARANTY.COMPANY,,'eTexas corporation (the "Company") insures, as of Date of Policy and, to the extent stated in Covered. 9.-and 10: after. of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by,the :Insured-by:reason 1. Title being vested other than as stated,,,ih. 2. Any defect in or lien or encumbrance oft 'includes but is nol limited to insurance against loss from: ~=�^,n/"=.°~ ` - — Countersigned by: / /)/) Authorized Signature OWNER'S POLICY OFTITLE INSURANCE ISSUED BY Title guaranty company GF No. 146203 THE STATE OF TEXAS COUNTY OF BRAZOS CERTIFICATE BRAZOS COUNTY ABSTRACT COMPANY does hereby certify that we have examined the records in the office of the Clerk of the County Court of Brazos County, Texas, affecting the title to the said property described below from November 21, 2007: TRACT ONE: Being all that certain 18.45 acre tract or parcel of land lying and being situated in the MORGAN RECTOR LEAGUE, Abstract No. 46, College Station, Brazos County, Texas, and being a portion of a 63.61 acre tract conveyed to Jett - Schultz Venture No. 101, Ltd. by Harold L. Boedeker et ux by Deed recorded in Volume 334, page 356, Deed Records of Brazos County, Texas and being more particularly described by metes and bounds as follows: BEGINNING at the south corner of the aforesaid 63.61 acre tract, same being the east corner of the Sandstone Addition to the City of College Station, Texas; THENCE N 45° 39' 23" E along the south line of the said 63.61 acre tract for a distance of 736.57 feet to an iron rod found for corner; THENCE N 63° 06' 39" W along an interior perimeter line of said 63.61 acre tract for a distance of 35.89 feet to an iron rod for corner; THENCE N 62° 05' 11" W along an interior perimeter line of said 63.61 acre tract for a distance of 844.15 feet to a corner post for corner; THENCE S 44° 54' 05" W across said 63.61 acre tract for a distance of 1191.12 feet to an iron rod for corner, same lying on the northeast line of said Sandstone Addition; THENCE S 85° 40' 38" E along the common line between the said 63.61 acre tract and the Sandstone Addition for a distance of 1095.09 feet to the PLACE OF BEGINNING and containing 18.45 acres of land, more or less, said tract also known as SANDY RIDGE ADDITION, according to plat recorded in Volume 501, page 473, Deed Records of Brazos County, Texas. TRACT TWO: Being all that certain lot, tract or parcel of land Tying and being situated in Brazos County, Texas and being Lot Fourteen A (14A), SANDSTONE ADDITION, an addition to the City of College Station, Texas, according to resubdivision plat recorded in Volume 501, page 473, Deed Records of Brazos County, Texas. We find the following actions or conveyances affecting the title to said land (specifically excluding any conveyances respecting mineral estate) through December 31, 2009 @ 8:00 A.M.: Warranty Deed dated November 19, 2007 from Leroy S. Fletcher and wife, Nancy M. Fletcher to Emerald Ridge Estates, Ltd., recorded in Volume 8337, page 36, Official Records of Brazos County, Texas. Deed of Trust dated November 19, 2007 executed by Emerald Ridge Estates, Ltd., to Ben Hayes Riggs, Trustee, for the benefit of Compass Bank, in the principal amount of $639,750.00, recorded in Volume 8337, page 42, Official Records of Brazos County, Texas, and as modified by instrument recorded in Volume 9185, page 220, Official Records of Brazos County, Texas. We do not certify as to property taxes. This certificate is for informational purposes only and the information contained herein shall not be relied on in the issuance of any title insurance policy. The liability of Brazos County Abstract Company in this connection is limited to $0.00, being the charge made for this certificate. WITNESS OUR HAND at Bryan, Texas, January 5, 2010. BRAZOS COUNTY ABSTRACT COMPANY 2 PremiL rn :r± _ :" 1200 P -O File No.: 146203 STEVVART TITLE GUARANTY COMPANY SCHEDULE A POLICY AMOUNT: POLICY DATE: November 21, 2007 at 10:19 AM 1. NAME OF INSURED: EMERALD RIDGE ESTATES, LTD. 2. WE INSURE YOUR INTEREST IN THE LAND COVERED BY THIS POLICY IS: FEE SIMPLE 3. TITLE TO THE ESTATE OR INTEREST IN THE LAND IS VESTED IN: EMERALD RIDGE ESTATES, LTD. 4. LEGAL DESCRIPTION OF THE LAND: TRACT ONE: Policy No.: 0 -5841- 288409 Issued With: M- 5842 - 907874 Being all that certain 18.45 acre tract or parcel of land lying and being situated in the MORGAN RECTOR LEAGUE, Abstract No. 46, College Station, Brazos County, Texas, and being a portion of a 63.61 acre tract conveyed to Jett - Schultz Venture No. 101, Ltd. by Harold L. Boedeker et ux by Deed recorded in Volume 334, page 356, Deed Records of Brazos County, Texas and being more particularly described by metes and bounds as follows: BEGINNING at the south corner of the aforesaid 63.61 acre tract, same being the east corner of the Sandstone Addition to the City of College Station, Texas; THENCE N 45° 39' 23" E along the south line of the said 63.61 acre tract for a distance of 736.57 - eet to an iron rod found for corner; THENCE _N63 06' 39 'W along an interior._ perimeter line _of said 63.61 .. acre _. tract_for_a distance .of_ :35.89 feet to an iron rod for corner; THENCE N 62° 05' 11" W along an interior perimeter line of said 63.61 acre tract for a distance of 844.15 feet to a corner post for corner; THENCE S 44° 54' 05" VV across said 63.61 acre tract for a distance of 1191.12 feet to an iron rod or corner, same lying on the northeast line of said Sandstone Addition; uthorized Signature File No. 146203 STEWART TITLE GUARANTY COMPANY SCHEDULE A (Continued) Policy No.: 0- 5841 - 288409 THENCE S 85° 40' 38" E along the common line between the said 63.61 acre tract and the Sandstone Addition for a distance of 1095.09 feet to the PLACE OF BEGINNING and containing 18.45 acres of land, more or less, said tract also known as SANDY RIDGE ADDITION, according to plat recorded in Volume 501, page 473, Deed Records of Brazos County, Texas. TRACT TWO: Being all that certain lot, tract or parcel of and lying and being situated in Brazos County, Texas and being Lot Fourteen A (14A), SANDSTONE ADDITION, an addition to the City of College Station, Texas, according to resubdivision plat recorded in Volume 501, page 473, Deed Records of Brazos County, Texas. 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 OR EASEMENTS, IF ANY, SHOWN IN SCHEDULE A AND THE FOLLOWING MATTERS: 2. STEWART TITLE GUARANTY COMPANY SCHEDULE B File No. 146203 Policy No.: 0- 5841 - 288409 EXCEPTIONS FROM COVERAGE THE FOLLOWING RESTRICTIVE COVENANTS OF RECORD ITEMIZED BELOW (THE COMPANY MUST EITHER INSERT SPECIFIC RECORDING DATA OR DELETE THIS EXCEPTION): Terms, provisions, covenants, conditions, and restrictions, easements, charges, assessments and liens provided in the Covenants, Conditions and Restrictions recorded in Volume 389, page 179, Volume 391, page 586 and Volume 394, page 601, Deed Records of Brazos County, Texas and Volume 2431, pages 305 and 306, Official Records of Brazos County, Texas, but omitting any covenant, condition or restrictions, if any, based on race, color, religion, sex, handicap, familial status or national origin unless and only to the extent that the covenant, condition or restrictions (a) s exempt under Title 42 of the United States Code, or (b) related to handicap, but does not discriminate against handicapped persons. 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. 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 RIGHTS 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 2008, AND SUBSEQUENT YEARS; AND SUBSEQUENT TAXES AND ASSESSMENTS BY ANY TAXING AUTHORITY FOR PRIOR YEARS DUE TO CHANGE IN LAND USAGE OR OVVNERSHIP, 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. THE FOLLOWING MAT T ERS AND AI I TERMS OF THE — OCUL'iiEN I CPE T lNG OR �FFEP}NG OF HE MAT—FRS nR. 9E. I on ..='tai let Dest ✓. �. C.. wife Nancy M. Fletcher t0 Emerald Ridge Eeslaies, L 0., securing the payment of one note O'. File No. 146203 STEWART TITLE GUARANTY COMPANY SCHEDULE B (Continued) Policy No.: 0- 5841 - 288409 even date therewith in the principal amount of $639,750.00, payable to Compass Bank, and said note being additionally secured by Deed of Trust and Security Agreement of even date therewith to Ben Hayes Riggs, Trustee, said Deed of Trust filed for record in the Office of the County Clerk of Brazos County, Texas, on November 21, 2007, under Clerk's File No. 982303 recorded in Volume 8337, page 42, Official Records of Brazos County, Texas, and being subject to all of the terms, conditions and stipulations contained in said note and deed of trust. b. P,ights of Parties in Possession. c. Easements, or claims of easements, which are not recorded in the public records. d. 15' Utility Easement along the northwest, northeast and southeast sides of the lot as shown of record on plat of Sandy Ridge, recorded in Volume 501, page 473, Deed Records of Brazos County, Texas; 25' Building Line along the south side of the lot and a 7.5' Building Line along the northwest and southeast sides of the lot per City Ordinance and all as shown on survey plat prepared by Brad Kerr, Registered Professional Land Surveyor, State of Texas, No. 4502, dated November 1, 2007. (Tract One) e. Those matters as depicted on survey plat prepared November 1, 2007 by Brad Kerr, Registered Professional Land Surveyor, State of Texas, No. 4502, as follows: 1.) Discrepancies between the property lines of the subject tract and the existing fence. 2.) Service utilities and appurtenant facilities. f. Utility Easement as shown of record on resubdivision plat of Sandstone Addition, recorded in Volume 501, page 473 Deed Records of Brazos County, Texas and as depicted on survey plat prepared by Brad Kerr, Registered Professional Land Surveyor, State of Texas, No. 4502, dated November 1, 2007. (Tract Two) g. Right -of -Way Easement from Mary Sebesta et al to Humble Pipe Line Company, dated June 22, 1919, recorded in Volume 49, page 23, Deed Records of Brazos County, Texas and as amended by instrument recorded in Volume 387, page 946, Deed Records of Brazos County, Texas and as depicted on survey plat prepared by Brad Kerr, Registered Professional Land Surveyor, State of Texas, No. 4502, dated November 1, 2007. (Tract One) h: "Easement from Tom "Sebesta et ux to •GuIf "States 'Utilities Company, - dated May 7, 1947, recorded in Volume 130, page 147, Deed Records of Brazos County, Texas and as depicted on survey plat prepared by Brad Kerr, Registered Professional Land Surveyor, State of Texas, No. 4502, dated November 1, 2007. (Tract One) Right- of -VVay Easement reserved in Deed from Charles Russell Hanna et ux to Leroy S. Fletcher et ux, dated September 30, 1981, recorded in Volume 497, page 262, Deed Records of Brazos County, Texas and as depicted on survey plat prepared by Brad Kerr, Registered Professional Land Surveyor State of Texas, No. 4502, dated November 1 2007. (Tract Two) . tint E ss= ;ieni. from L ero, 5. rie:c her dux t: '5C. . S.s :Io exams U..._. 9C reoo, .' _.. ri \ /olu i,.. '02 . . . .. .is of Cioi0 _,.uC G _ iisi; i Texas, No. 4502, : November 1, 200 . ' i rac: Orly File No. 146203 STEVVART TITLE GUARANTY COMPANY SCHEDULE B (Continued) Policy No.: 0- 5841 - 288409 k. Easement from Leroy S, Fletcher et ux to City of College Station, Texas, dated August 5, 1986, recorded in Volume 906, page 596, Official Records of Brazos County, Texas and as depicted on survey plat prepared by Brad Kerr, Registered Professional Land Surveyor, State of Texas, No. 4502, dated November 1, 2007. (Tract One) I. Possible easement described on the plat contained in the Will of Mary Sebesta, recorded in Volume "T ", Page 183, Probate Records of Brazos County, Texas and being more particularly described as a "lane "; which lane is fifteen (15) feet wide and extends along the entire northeastern boundary of the present 18.45 acre tract a distance of 844.15 feet from the east corner of said tract to the north corner of said tract; being in an area 12,662.25 square feet and as depicted on survey plat prepared by Brad Kerr, Registered Professional Land Surveyor, State of Texas, No. 4502, dated November 1, 2007. (Tract One) m. Access Easement granted in Deed from Oliver F. Goen et al to J. Garland Watson, Jr., et ux, dated December 31, 1997, recorded in Volume 3005, page 335, Official Records of Brazos County, Texas and as depicted on survey plat prepared by Brad Kerr, Registered Professional Land Surveyor, State of Texas, No. 4502, dated November 1, 2007. n. Royalty reservation in Deed from Tom Sebesta et ux to Claud J. Burgin et ux, dated August 12, 1952, recorded in Volume 155, page 286, Deed Records of Brazos County, Texas. Title to this reservation has not been traced subsequent to the date of the above -cited instrument. (Tract One) o. Royalty reservation in Deed from Emma S. Krenek et al to Tony Jones Construction Company, Inc., dated June 7, 1977, recorded in Volume 376, page 166, Deed Records of Brazos County, Texas, Title to this reservation has not been traced subsequent to the date of the above -cited instrument. (Tract Two) p. Mineral reservation in Deed from Tony Jones Construction Company, Inc. to Charles Russell Hanna et ux, dated May 15, 1978, recorded in Volume 397, page 243, Deed Records of Brazos County, Texas. Title to this reservation has not been traced subsequent to the date of the above - cited instrument. (Tract Two) q. Mineral reservation in Deed from Jett - Schultz Venture No, 101, Ltd. to Leroy S. Fletcher et ux, dated July 23,1981, recorded in Volume 488, page 885, Deed Records of Brazos County, Texas, subject to terms and conditions of surface waiver contained therein. Title to this reservation has not been traced subsequent to the date of the above -cited instrument. (Tract One) r, Estate created by Oil and Gas Lease from Leroy S. Fletcher et ux to W &W Minerals, Inc., dated November 27, 1984, recorded in Volume 757, page 515, O &GL Records of Brazos County, Texas. Title to this lease has not been traced subsequent to the date of the above -cited instrument. (Tract Two) s. Estate created by Oil and Gas Lease from Tony Jones et ux to Inco Oil Corporation, dated November 4 recorded in Volume 1411, page 101, Official Records of Brazos County, Texas and as ratified by instrument recorded in Volume 2060, cane 199. Official Records of Brs:_c's County, exas title is this lease bias o be. ep eo i sub_ =:us, is the above-citet Ins;'ru . eoi ! 'Jd File No. 146203 STEV'ART TITLE GUARANTY COMPANY SCHEDULE B (Continued) Policy No,: 0- 5841 - 288409 t. Estate created by Oil and Gas Lease from Charles Russell Hanna et ux to Inco Oil Corporation, dated November 4, 1991, recorded in Volume 1416, page 32, Official Records of Brazos County, Texas. Title to this lease has not been traced subsequent to the date of the above -cited instrument. (Tract Two) u. Estate created by Oil and Gas Lease from Jett - Schultz Venture No. 101, Ltd. to Central Plains Oil and Gas Corp., dated August 26, 1991, recorded in Volume 1333, page 132 and corrected in Volume 1586, page 257, Official Records of Brazos County, Texas and as amended by instruments recorded in Volume 1524, page 253, Official Records of Brazos County, Texas and as ratified by instruments recorded in Volume 1597, pages 112, 113, 114 and 115, Official Records of Brazos County, Texas. Title to this lease has not been traced subsequent to the date of the above -cited instrument. (Tract One) v. All oil, gas and other minerals in and under the herein described property, together with any rights of ingress and egress, mining or drilling privileges heretofore reserved or conveyed by predecessors in title. 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. w. The Tax Certificate furnished by the taxing authorities is issued on real estate only. It does not include minerals and /or personal property, therefore, no liability is assumed herein for the payment of said mineral and /or personal property tax.