HomeMy WebLinkAboutTitle InsuranceOr-;, 12:55 713888'
'# 0
UNIVERSITY
TITLE COMPANY
February 20, 2004
Ponderosa Lend Development Company
Attu: James W. Chang, President
5005 Riverway, Suite 250
Houston, TX 77056
Re: UTC# : 00040639
Prop": Tr 1: pt of Lot 3 & W 1/2 of Lot 4, Block 1, Poops Park l
'1'r 2: Lots 1 & 2, 8a pt of Lot 3, Block 1, Poohs Park 1
Dear Mr Chang:
PAGE 02/15
in connection with the above referenced property, we are enclosing a copy of the title commitment and a
Buyer's information Sheet for your review.
Please take a moment to complete the Customer Service Information form and return it 10 the
postage paid envelope provided.
Your earnest money contract may contain provisions, which allow you to obtain legible copies of restrictive
covenants and documents evidencing exceptions in the Commitment other than the standard printed
exceptions, at your expense. The cost for copies of such docwnents is z5 cents per page. Should you elect
to obtain such copies, please notify our office and we will provide them for you, along with an invoice,
which may be paid at the time of closing.
For helpful tips and general information please visit our website at www.utitie.com.
if you have any questions, please contact your pre - closer Leola Maxey at extension 132 or at
leola@utitle.cont. Our toll free number is 1-866- 326 -9818.
Sincerely,
Wyn Shivers
Pre - closing Department
/Ws
Enclosures
Celia Goode- Haddock, President
1021 University Drive East post office Drawer DT College Station. Texas 77841 -5079
Telephone: (979) 260.9818 Fax: (979) 2683080
www.utitle.com titieinfo @utitle.com
CO -
05/26/2004 12:55 7138880 °98 PAGE 03/15
COMMITMENT F OR TITLE INSURANCE
Issued by
. V. t
First Amefican r rir t,,: f ce Company
TIDE FOLLOWING COMMITMENT FOR TITLE INSURANCE IS NOT VALID UNLESS YOUR NAME AND THE POLICY
AMOUNT ARE SHOWN IN KIMDULE A . AND OUR AUTHORIZED REPRESENTATIVE HAS COUNTERSIGNEt) $BLOW.
We, First American Title Insurance Company, will issue our title insurance policy or policies (the Policy) to Ypu (the proposed insured)
upon payment of the premium and other charges due, and compliance with the requirements in Schedule E and Schedule C. Our Policy
will be in the form approved by the Texas Department of Insurance at the date of issuance, and will insure your interest in the land
described in Schedule A. The estimated premium for our Policy and applicable endorsements is shown on Schedule D. There may be
additional charges such as recording fees, and expedited delivery expenses.
This Commitment ends ninety (90) days from the effective date, unless the Policy is issued sooner, or failure to issue the Policy is our
fault. Our Iiability and obligations to you are under the express terms of this Commitment and end when this Commitment expires.
In witness whereof, the Company has caused this commitment to be signed and seated as of the effective date of commitment as shown
in Schedule A, the commitment to become valid and binding only when countersigned by an authorized signatory.
ATTEST Fint American 71de Insurance Company
OlE INgV "O
�yt+ By C7
w q :' o f �{
p : secre. tary PRESIDENT
4A mrituKk 24 s�
Authodacd RignAmre
CONDff1ONS AND ST2ULAT10
I. If you have actual knowledge of any matter which may affect the title or mortgage covered by this Commitment, that is not shown
in Schedule B, you must notify us in writing. If you do not notify us in writing, our liability to you is ended or reduced to the extent
that your failure to notify us affects our liability. If you do notify us, or we learn of such matter, we may amend Schedule 13, but we
will not be relieved of liability already incurred.
2. Our liability is only to you, and others who are included in the definition of Insured in the policy to be issued. Our liability is only
for actual loss incurred in your reliance on this Commitment to comply with its requirements or to acquire the interest in the land_ Our
liability is limited to the amount shown in Schedule Al, of this Commitment and will be subject to the following terms of the Policy:
Insuring Provisions, Conditions and Stipulations, Exceptions and Exclusions.
FORM T-7 CA Commitment for Title Insurance (04 04-02)
05/26/2004 12:55 713888 "998
TEXAS COMMIT 1R0R TITr,E WSTIPANCE
SCHEDULE A
Effective Date: February 8, 2004 at 8:00 a-M.
Commitment issued February 18, 2004, 8:00 a.m.
1, The policy or policies to be issued are:
(a) OWNER POLICX OF TITLE INSURANCE (Form T -1)
(Not applicable for improved one -to -£our family residential real estate)
Policy Amount: $1,650,000.00
PROPOSED INSURED:
Ponderosa Land Development Company
(b) TEXAS RESIDENTTAL OWNER POLICY OF TITLE INSURANCE
- ONE -TO -FOUR FAMILY RESIDENCES (Form T -1R)
Policy Amount: $
PROPOSED INSURED:
(c) MORTGAGEE POLICY OF TIME INSURANCE (1 T -2)
Policy Amount: $TO BE DETERMMI)
PROPOSED INSURED:
Proposed Bexrower:
Ponderosa Land Development Company
(d) TEXAS S FORM RESIDENTIAL MORTGAGEE POLICY (Form T -2R)
Policy Amount $
PROPOSEDINSURED:
Proposed Borrower:
PAGE 04/15
GF No. 00040639
(e) MORTGAGEE TITLE POLICY BINDER ON INTERIM CONSTRUCTION LOAN (Form T -13)
Binder Amount: $
PROPOSED INSURED:
Proposed Borrower:
(f) OTIiER:
Policy Amount: $
PROPOSED INSURED:
2. The interest in the land covered by" Commitment is: Fee Simple
3. Record Title to the laird on the Effective Date appears to be vested in:
Tract One: A.rvindbhoi A. Patel and Parvati Patel
Tract Two: Arvindbhoi A.- Patel
University Title Company
First American Title )insurance Company
Texas Commitment T -7 (Rcv.1 -t -93) - Schedule A Valid Only if Schedule I3, C, D. and Cover arc attached
1�f-
05/26/2004 12:55 71388P -9 98
4, Legal dcscription of land:
SCHEAULE A - continued
See Exhibit A attached hereto and inade a part hereof.
PAGE 05/15
(3F No. 00040639
19�
05/26/2004 12:55 713888x' -98 PAGE 06/15
Exhibit A.
Tract is
All that certain tract or parcel of land, lying and being situated by the Morgan Rector League, Abstract No. 46, College
Station, Brazos County, Texas. Said Tract being a portion of Lots 1, 2, & 3, Block 1 of Poob's Park Subdivision, Section One
according to the plat recorded in Volume 314, Page 618 of the Deed Records of Brazos County, 'Texas and the same tract as a
called 0.753 acre tract as described by a deed to John M. Beltrand recorded in Volume 1583, Page 340 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 /Z" inch iron rod found lying on the southwest line of said Lot 1 and the northeast rigbt -of -way line of
Texas Avenue (100' R.O.W.) A.K.A. State Highway No. 6 Business and marking the west corner of o called 60,342 square foot
tract being a portion of Lots 1, 2, 3, and 4, Block 1 of said Pooh's Park Subdivision, Section Out as described by a deed to
Arvindbhai A. Patel recorded in Volume 1187, Page 692 of the Official Records of Brazos County, Texas;
THENCE: N 50 deg. 06' 21" W along the southwest line of said Trot 1 and the northeast right -of -way line of said Texas Avenue
for distance of 49.08 feet to a 518 inch iron rod set marking the intersection of the northeast right -of way line of said Texas
Avenue and the southeast right -of- -way line of Holleman Drive (60' R.O.W.) and the beginning of a clockwise curve having a
radius of 50.00 feet;
THENCE: along said curve for an are distance of 80.15 feet to a 5/8 inch iron rod set on the southeast right-of-way line of said
Holleman Drive and on the northwest line of said Lot 1(Curve Data: Delta - N 91 Deg. 50 W, Tangent = 51.64 feet,
Chord = N 4 deg. 20' 14" W for a distance of 71.84 feet);
THENCE: N 41 deg. 35' 10" E along the northwest line of said Lot 1 the northwest lines of the aforementioned Jots 2 and 3
and the southeast right -of -way line of said Holleman Drive for a distance of 173.20 feet to a 5/8 inch iron rod set marking the
west corner of a called '47,725 square foot tract being a portion of Lots 3 and 4,131ock 1 of the aforementioned Pooh's Park
Subdivision as described by a deed to Arvindbhai A.. Patel recorded in Volume 1213, page 389 of the Official Records of
Brazos County, Texas;
THENCE: S 48 deg. 16 E through said Lot 3 and along the southwest line of said 27,725 square foot tract for a distance
of 150.20 feet to a 1 /2'inch iron rod found marking the south corner of said 27,725 square foot tract, said iron rod also lying on
the northwest line of the aforementioned 60,342 square foot tract;
THENCE: S 41 deg. 28 W through said Lot 3 and the aforementioned Lots 2 and 1 and along the northwest line of said
60,342 square foot tract for it distance of 219.90 feet to the POINT_ OF BEGINNING containing 0.746 of an acre (32,865
square feet) of land more or less.
Save and Except from Tract One:
Being 0.025 hectare (0.061 acre) of land, more or less, in the Morgan Rector League, Abstract No. 46, Rrazos County, Texas,
being part of and out of that 0.753 sere tract conveyed from Early American Management Company, Inc. to John M.
I3eltr2nd in deed dated October 10, 1991, recorded in the Official Records of Brazos County in Volume 1583, Page 340 and
under County Clerk's File No. 499088, and being a portion of Lots 1, 2, and 3, Block 1 of Pooh's Park Subdivision, Section
One, as shown on plat recorded in the Deed Records of Brazos County in Volumc 314, Page 618; said 0.025 hectare of land
being more particularly described as follows:
4 05/26/2004 12:55 71388`'-798 PAGE 07/15
COMMENCING at a 16mm (5 /S inch) iron rod with cap found for the most northerly corner of said Beltrand tract and being
in the southeasterly right of way line of Holleman Drive, based on a width of 18.288 (60.00 feet), recorded in the Ofticciol
Records of Brazos County in Volume 795, Page 251;
South 41 35 West, width the southeasterly right of way line of Holleman Drive, a distance of 109.357 meters (358.78 feet)
to a 16mm (518 inch) iron rod with brass TOOT disk set for a cutback corner for the proposed northeasterly right of way litre
of BS 6-R, (width varies) and being the POINT OF BEGIN MG of the herein described parcel having surface coordinates of
X= 1085260.169 and Y= 3112218.636 (All bearings and coordinates are based on the Texas State Plane Coordinate System,
Central Zone, NAD 1983, coordinates are converted to metric and provided by TxIDOT. All distances and coordinates shown
are surface, and may be converted to grid by multiplying by a combined adjustment factor of 0.99988), having it station of
20+920.178, and an offset of 29.489 meters (96.75 feet) left of the proposed baseline of BS &R.
I. THENCE, SOUTH 03.13' 10" East, with the cutback line of the proposed northeasterly right of way line of BS 6-
R, a distance of 13.819 meters (4534 feet) to a 16mm (518 inch) Iron rod with brass TxDO,T disk set for an angle point;
2. TRFNCE, SOUTH 49° 30' 38" East, with the proposed northeasterly right of way line of RS 6-R, a distance of
36.185 meters (118.72 feet) to a 16mm (518 inch) iron rod with aluminum TxDOT disk set in the northwesterly line of that
certain tract of land conveyed to Arvindbhsi A. Patel, known as E-Z Travel Motor Inn, by deed dated May 24 1990, and
recorded in the official Records of Brazos County in Volume 1187, Page 692 and under County Clerk's File No. 446012,
having a station of 20+965.912, and an offset of 19.500 meters (63.98 feet) left of the proposed baseline of BS 6-R;
3. THENCE, SOUTH 41 08" West, with the common line of the said John M. Beltrand tract and said Arvindbbai
A. Patel tract, a distance of 5.132 meters (16.84 feet) a point in the existing northeasterly right of way line of B5 6-11, based on
a width of 30.480 meters (100.00 feet), a prescriptive road, from which a found 13m m (112 inch) iron rod bears North 42' East,
a distance of 0.161 meters (0.53 feet);
4. THENCE, NORTH 50° 17 West, with the existing northeasterly right of way line of BS 6-R, a distance of
30.202 meters (99.09 feet) to a point from which a 13mm (1/2 inch) iron rod bears Soutb $8 East, a distance of 0.214 meters
(0.70 feet), and being a point of curvature;
5. THENCE, in a northerly direction, along the existing northeasterly right of way line of BS 6-1,t, with a curve to the
right, having a central angle of 91.52' 56 ", a radius of 15.240 meters (50.00 feet), an arc length of 24.440 ureters (80.18 feet),
and a chord bearing of North 04 21 West, a distance of 21.904 meters (71.86 feet) to the POINT OF BEGINNING, and
containing 0.025 hectare (0.061 acre), more or less. Plat of even date accompanies these fueldnotes.
Tract Two:
Being a 27,725 square foot tract or parcel of land lying and being situated in the Morgan Rector Survey, Abstract No. 46,
College Station, Texas, and being part of Lots Three (3) nod Four (4), Block One (1), Pooh's Park Subdivision, according to
the plat recorded in Volume 314, Page 618, Deed Records of Brazos County, Texas, and being more particularly described as
follows:
BEGINNING at the iron rod marking the north corner of the beforementioned Lot 4,Block 1, Pooh's Park Subdivision;
THENCE S 48 28 E along the northeast line of the beforementioned Lot 4, for a distance of 150.00 feet to a's iron rod for
corner;
THENCE N 41° 31 W through the interior of Lots 4 and 3, for a distance of 184.83 feet to an iron rod for corner;
THENCE N 48° 28' 29" W for a distance of 150.00 feet to an iron rod for corner in the northwest line of the beforemeiationed
Lot 3, Block 1, Pooh's Park Subdivision;
THENCE N 41 31" E along the northeast live of the beforementioned Lot 3 and the beforemetioned Lot 4 for a distance
of 184.83 feet to the PLACE OF BEGINNING and containing 27,725 square feet of land, more or less.
05/7G/2004 12:55 713888F '8 PAGE 08/15
NOTE. The Company is prohibited from insuring the area or gnand fy of the land described herein. Any statement in the
above legal description of the area or quantity of land is not a representation that sueb area or quantity is correct, but is made
only for informational and/or identification purposes and does not override Item 2 of Sebedule 8 hereof.
F
05/26/2004 12:55 7138f 998 PAGE 09/15
SCWDULE B
GF No. 00040639
EXCEPTIONS FROM COVERAGE
In addition to the Exclusions and Conditions and Stipulations, yo Policy will not cover loss, costs, attorney's fees, and
expenses tesulting 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 13, 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 lnmited 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.
(Applies to the Owner Policy only.)
5. Standby fees, taxes and assessments by any taxing authority for the year 2004, 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 excMd na granted to a previous ownet of the
property under Section 11. 13, Texas Tax Cade, of 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.(AppUes to the Wagagee
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 Bxccptions from Coverage and Express Insurance in Schodule B of the Texas Sbort 1 1 orm Residential
Mortgagee Policy (T -2R). (Applies. to Texas Short Form Residential Mortgagee Policy (T -2R) only. Separate
Vntversity Title Company
First American Title Insurance Company
`texas Commitment T -7 (Rev. 1 -1 -93) - Sehedutc n
Valid Only if scbcdule A, C, D and Cavcr are attaebcd
IN
05/26/2004 12:55 713888 8
J
SCHir,AULE B - continued
PAGE 10/15
OF No. 00440639
exceptions 1 through 8 of this Schedule B do not apply to the Texas Short FWD Residential Mortgagee Policy (T-
2R).
10. 'Mc following matters and all terms of the documents creating or offeft evidence of the matters (We must insert
matters or delete this exception):
a. Rights of Parties iti Possession- (OWNER POLICY ONLY)
b. Blanket Easement:
From: Sam Richardson, et al
To: City of Bryan
Dated: April 14,1937
Recorded: Volume 98, Page 214, Deed Records, Brazos County, Texas.
c. Easement:
From: Dave Drapela d/b /a Dave's Restaurant and Bar
To: City of College Station
Dated: October 30, 1984
Recorded: Volume 737, Page 780, Official Records, Brazos County, Texas.
d. Easement:
From: Dori R. Aale, et al
To: General Telephone Company of the Southwest
Dated: October 4, 1973
Recorded: Volume 821, Pago 378, 'Official Records, RM,0s County, Texas. (Lot 1 of Tract 1 Only)
e. Easement:
From: Don 'R. Dale
To: General Telephone Company of the Southwest
Dated: December 20, 1972 Texas. (Lot 1 of Tract 1 Only)
Recorded: Volume 313, Page 209, Deed Records, Brazos County,
05'/26/2004 12:55 7138 998 PAGE 11/15
,
SCHEDULE C
GF No. 00040639
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. 17ocuments 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- contsaetors, 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 $chedule 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 assessldtents by any taxing
authority for the year 2004 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 premfi m. (As to Mortgagee Policy
T -2 Only) (If Texas Short Form Residential Mortgagee Policy ('- 2R) is issued, that policy will substitute "which
become due and payable subsequent to Date of Policy" in Iieu of "for the year and subsequent years.")
7. If requeatrd in lenders closing instructions and all of our underwriting requirements are satisfied, we will issue the
T17 & T19 ]indorsements, upon payment of any applicable premiums. (As to Mortgagee Policy Only)
9. 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 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
Texas ConvMMMt T -7 (Rev. 1.1 -93) - Schedule C
PIrst American Title Insurance Company
Valid only if Schedule A, B, D and Cover are attached
14
05/26/2004 12:55 7138P" '198 PAGE 12/15
SCHEDULE C continued
GF No. 00040639
arbitration, provision. It allows the Insured or the Company to require arbitration if the ammmt of insurance is
$1,000,000 or loss. If the Insured wants to retain the right to sue the Company in case of a dispute over a claim, the
Insured must request deletion of the arbitration provision before the policy is issued. The Insured may do this by
signing the Deletion of Arbitration Provision form and returning it to the Company at or before the closing of the
real estate transaction or by writing to the Company.
NOTE 1: If you are the lender in the transaction and desire deletion of the Arbitration Provision, please inform us
through your loan closing instructions.
NOTE 2. Thia does not apply to Texas Residential Owner Policy of Title Insurance - One to Four Family
Residences. if you are the purchasers of non - residential property and desire the deletion of the Arbitration
Provision, a form will be presented to you at closing for execution.
12. if subject transaction will ntilixe a prior survey, we will require a full size, legible copy of said survey, with
the surveyor's field notes, if any. Upon receipt of the existing survey, we reserve the right to determine whether
said survey is acceptable for insuring purposes according to oar underwriter guidelines. For a copy of the
underwriting guidelines, please call our office.
NOTE: While a survey may be acceptable for insuring purposes, all surveys are subject to final approval by lender.
13. The following note is for information purposes only!
The following deed(s) affecting said land were teeorded within the last twelve (12) months of the effective date of
this comun tment_ None
Vesting Deed to owners shown herein was dated July 17, 2001 and recorded in Volume 4302, Page 85, Official
Records, Brazos County, "Texas. ('Tract 1)
Vesting Decd to owners shown herein was dated October 2, 1990 and recorded in Volume 1213, Page 389, Uflidst
Records, Brazos County, Texas. (Tract 2)
14. Furnish the marital status of ArviudbhRi A. Patel and Parvati Patel. Company requires the joinder ofspouse($) in
any transaction involving subject property.
15. Furnish proper documentation to establish the legal entity of ponderosa Land Development Company.
Additional requirements may be made.
University Title Company
By:
hwized C tergpna - (LWfssb)
05/26/2004 12:55 713886 8 PAGE 13/15
SCHEDULED
GF No. 00040639
Pursuant to the require =ts 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. UNDFRWRffFR: First American Title Insurance Company, a California corporation.
Shareholder owning or controlling, directly or indirectly, ten pereent or more of the shares of First American Title Insurance
Coanpany: wholly owned subsidiary of The First ,American Corpotation, a public company
Directors: Crary► J. Beban, J. David Chatham, William G. Davis, Craig I_ DeRoy, James L. Dots, Lewis W. Douglas, Jr.,
Paul B. Fay, Jr., Donald P. Kennedy, Parker S. Kennedy, Gary L. Kecmott, Thomas A. Klemm, John W.
Long, Herbert B. Tasker, Frank E. OBryau, dames M. Orphanides, Roslyn B. Payne, D. Van Skilling,
Virginia M. Lieberroth and Martin R. Wool
Officers: Chairman of the Board - Parker S. Ketmedy; Vice G'bg man of the Board - Donald P. Kennedy; President -
Gary Lewis Kernwtt; Vice President - Thomas A. Klemens; Vice President/Secretary and Corporate
Counsel - dark R..Amesen; Vice President and C[enoral Counsel - Timothy P. Sullivan; Vice President and
Chief Financial Officer - 7ohn R. Thorns; Regional Vice President - Tom E. Blackwell
2. AGEIgT: UNIVERSITY Trr]LE COMPANY
a. The names of each shambolder, owner, partner or other person having, owning or controlling one percent (1 ° /u) or mare 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, Q%ming or controlling ten percent (10V) or mot c of an entity that
has, owns or controls one percent (1 0 %) or more of the Title Insurance Agent that will receive a portion of the preionium are
as follows: not applicable
c. The following persons are officers and directors of the Title Insurance Agent:
Officers Director's
President - Celia Goodc Celia Goode
Vice President - Michael R Hoelscher Miclrael R. Hoelscher
Secretary/Treasurer - William C. Lipsey William C. Lipsey
3. You are entitled to receive advance disclosure of se 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 ion,
firm or eorpocation receiving any - sm from the settlem nt of this transaction will be disclosed on the closing or settlement
statement.
You are further advised that the estimated title premium" is:
Owners Policy $ 9,388.00
Mortgage Policy s 100.00
Endorsement Clhargcs $ �
Total s 10,507A0
Of this total amount' $ or 1.5.00 will be paid to the policy issuing Title Insurance Company: $ of 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•
To Whom For Services
Amount
s
S
S
M 'LN,
�1
05/26/2004 12:55 7138 '998 PAGE 14/15
SCHEDULE A - continued
GF Na 00040639
* The estimated y, mmium is based upon information fiwnished to us as of the date of this Co=utment for Title Insurance.
iu
Final detetmiziation of the amount of the premm will he made at closing in accordance with the Rules and Regulations adopted
by the State Board of Insurance.
MI
05/26/2004 12:55 71388E 18
'FI RST AMi RI CAN..TITLE
I NSURANCE COMPANY
FIRST AMERICAN TITLE
INSURAN C OMPANY OF
TEXAS
.r
PRIVACY POLICY
PAGE 15/15
THE FIRST'A WRXCAN
CORPORATION
We Are Committed to Safeguarding Customer 1Motmatlon
In order to better serve your needs now and in the future, we may ask you to provide as with certain information. We undcrSft d that
you may be concerned about what we will do with such iafonrt$tiotl — particularly any personal ex financial information. We agree that
you have a tight to know how we will utilize the personal infomiation you provide to us. Thetafote, together with our parent cotapany,
The First American Cm7twtios4 we have adoptoel this Privacy Policy to govern the use and handling of your personal information.'
Applicability
This Privacy Policy govorns our use of the inf wination which you provide to us. It does not • govern the manner in which Ave Wray use
information we have obtained from any other source, such as information obtained from a public record or from aw dw petsod or e
First Atramicau has also adopted broader guidelines that govem our use of personal iafotmatiotl ragwdle w of its source. First An icrican
calls these guidelines its Fair 1Rf&maacw Values, a copy of which can be found on our wcbsite at wwwA oonr_
T of Itsforntatlon
Dgxoding upon which of our services you are utilizing, the types of nonpublic personal infoonartion that we may collect include:
• Inf'orntation we receive from you on applications, forms and in other cvmmuetiea to as, whether in writing, in pers6ty by
telephone or any other means;
• Information about your transactions with us, our affiliated companies, or others, aW
• Information we receive fiM 4 e msUm er ropotting agency, r
Use of informationt
We m*xst inf*nnotiva from you for our own legitimate businW purposes and trot fbr the benefit of any nonaffillatod party. TbWo%
WO Will not rdease your information to itomafTtliated patties c ogrt. (1) as iiecessny for us to provide the product or service yQU have
requested of us; or (2) as pmrA ted by law. We may, however, store suds information indefinitely, including the period after which any
customer telationship has ceased. Saab information miay be used for any imcml purpose, smb as quality corar+ol efforts or customer
analysis. We rmay also provide all of the types of nonpublic pesrsomat infomta4ion listed above to one or more of our affiliated
contimidos. Such affiliated companies include financial service providers, such as title insurzrs, proporty and cxmislty insureM and trust
and i+rvesiment advisory companies, ar cwTanied involved in teal estate services, such as appraisal 'companies, home warranty
bxwanics, and escr6w companies_ Fmili iyttore,'we may also provide all'the information we collect, ?a dcsmW abuve� to companies
that perPam rmarketing services on out behalf, on behalf of mw affiliated companies, or to other financial inStitntfons With whom we or
emr afMAW companies have joint marketing agreement..
Former Customers
Evcn if you are no longer our customer, our Privacy Policy will continue 10 apply to you.
.
Colnfide3ntiality and Security
We will use our best efforts, to arson that no unauthorized parties have access to any of your intormadon_ We iestricl access to
nonpublic personal information about you to'tbose individuals and entities who treed to know that information to ptovidc pioducfs or
services to you. We will use our best cfi'otts to train and ovcrsoG mw orrrploycec and agents to ensar -that your infe►tmation .vt71 be
honMW responsibly and N accordance with this Privacy Policy and First Anunican's Fair lafvr7nx ra: Valu4s_ We currently maintain
physical, electtoniq and proca kwat safeguards that *oxnply with fcdrx21 to guard your nonpublic personal information,
Note: The above privacy Policy applies to individuals who obtain from F"ust American a financial service or product that is to be used
pritnadly for personal family or houschotd purposes.
0 2001 The First American Corporation
All Rights Rescrvod
05/26 , 12004 12:26 713888 8
,MAR. 11, 2004 O1 PM
LauymWe Oo Many
a1'TuaaOw=*NO arva.szuss "0020M512:14'- l
Fax
Name:
CWganbation:
Fax:
From:
Date:
Subject:
Comments:
Mr. Chang,
James W. Chang
Ponderosa Ladd Development
713 - 626 -3394
JoKeren bi Broach
March 11, 2004
321 Redmond, College StWon, Texas
PAGE 02/26
N0, 4809 P. 1
With regard to the referenced matter, enclosed is our Commitmedrt for Title Insurance for your
review.
The hsrd copy together with the Schedule B exceptions will be forwarded under Se to cover.
Please advise of f other requirements and instructxons-
cc: ]Ion Broach
979 -691 -8588
05/26J2004 12:26 713888 8 PAGE 03/26
MAK. I I. IM ; : u I rivi_, NU. 4U09�f ; Z
COMMITMENT FOR TITLE INSURANCE
Issued ay Lawyers Title insura Corporation
V Lan L Ame L^Wn7r bsuffi ceea► nI saMWjWroltda�Myol�Rftrm�oetx rz
THE FOLLOWING COMMITMENT FOR TITLE INSURANCE 13 NOT VALID UNLESS YOUR NAME AND
THE POLICY AMOUNT ARE SHOWN iN SCHEDULEE A , AND OUR AUTHORIZED REPRESENTATIVE
HAS COUNTERSIGNED BELOW.
We (LAWYERS TITLE INSURANCE CORPORATION) will issue our title Insurance policy or policies (the
Policy) to You (the proposed Insured) upon payment of the premium and other charges due, and
compliance with the requirements in Schedule B and Schedule C. Our Policy will be in the form approved
by the Texas Department of insurance at the date of Issuance, and will insure your interest in the land
dascribed in Schedule A. The estimated premium for our Policy and applicable endorsements is shown
on Schedule D. There may be additional oharges such as recording fees, anal expedited delivery
expenses.
This Commitment ends ninety (90) days from the effective date, unless the Policy Is Issued sooner, or
failure to issue the Policy is our fault Our liability and oftatlons to you are under the express terms of
this Commitment and and when this Commitment expires.
LAWYERS 7iTi..E INSURANCE CORPORAYIION
�A
Page 1
- a -
President
9—V AttOSt
• �`�"" Secretary
Authorized Signatory
1. . It you have actual knowledge of any matter which may affect the title or mortgage covered by this
Commitment, that is not shown in Schedule B, you must notify us In writing. If you do not notify win
wrwmg, our liability to you Is ended or reduced to the extern that your failure to notify use affects our
liability, If you do notify us, or we loam of such matter, we may amend Schedule B, but we will not be
relieved of liability already incurred.
Our liability Is only to you, and others who are included in the definition of Insured in the Policy to be
issued. Our liability is only for actuai loss Incurred in your reliance on this Commitmentto comply with
its requirements, or to acquire the interest in the land. tour liability is limited to the amount shown In
Schedule A of this Commitment and will be subject to the
Provisions, Conditions and Stipulations, and Exr-lusions.
Commltm nt ForTide insurance -T?
Flan 1177 - 15 (Rev. 0404M2) ORIGINAL Vasa only It SOedulee A. 13 and C am atWd*d
05/26/2004 12:26 713888 8 PAGE 04/26
mgrs, i i, 1Uu4 ,: utriv� NU. M9 F. i
4
TEXAS TITLE INSURANCE INF RMATION
Title :lnsumce insures you against loss resuitfag from certain El segnro de ti tulo le esegum en rdadom a peadides resnitontes
risks to y mr tide, de ciertas riesgos quo pueden aftew e1 tituio do m propiedad.
The Coarsaatitment for Title Insurance 9s the title insurance
evmpany's promise to issue tlx: title insurance policy. The
Commitment is a legal document. You should review it
oar filly to completely understand it bofm your closing date.
El Comparomiso pwa Seguro de Tihulo as Is prom asa do la
compania asepmdora de titulos de mitir la poliza de segmro
de titulo. El Compromiso as ua docimaento legal. Usted debe
loco cnidadosamente y enteodarlo covletamenta antes de la
Your Commitmmt for Title Insurance is a legal contract between You and us. The Commitment is not an opinion or report of your
title` It is a contract to issue you apolicy subject to the Cam ollment's terms and requirements.
Beftam issuing it Commitment for Title Insurance (the Commitment) or a T kmm ce Policy (the Policy), the IAa Insurance
Company (the Company) dctermim whetber the title is insurable. Ibis determination has already been made. Part of that
dete mination involves The Compmy's decision to insure the title except for certain risks that will not be covarmd by the Policy. Some
of fame risks are listed in Schedule B of the attached Commitment as Exceptions. Other risks are stated in the Policy as Exclusion.
These `Isles will not be covered by the Policy_
Another part of the determination involves whether the promise to insert is conditioned upon =taia requirements being met Sehed-
ule C of the Commitment lists these regdrahments that must be satisfied or the Compaay Will refihse to Cover them. You many want to
discuss any matters shown om Schedules B and C of die Commitment with an attomey. Those moon will affect your title and your
use of the land.
When your Policy is issued, the coverage will be limited by the Policy's Exceptions, Exclusions and Conditions, defmod below.
LRCHMONS are title risks that a Policy generally covers but does not cover in a particular instmce. ExcMdons are
shown on Schedule B or discussed in Schedule C of the Commitment. They can also be added if you do not comply with the
Conditions section of the Commitment. 'When the Policy is issued, all Exceptions will be on Schedule B of the Policy.
- EXCLUSIONS art title risks that a Policy Swerslly does not cover. Exetualons are contained in the policy but not shown
or discussedna the Commitment
- CONDITIONS pre additional provisions that gnu* or limit your covMP. Conditions inhale your reVonsiba'litias and
those of the Company. They ate contained in the Policy but not shown or discussed in the Commitment. The Policy Condi-
tions are pot the same as tine Commitment Conditions.
You can get a copy of the policy form approved by the State Board of Insurance by calling the Title Insurance Company at (800)
442.7067 or by calling 01e title insurance agent that issued the Commitmera`. The Stage Board of btsurance may revise the policy farm
& om time to time.
You can also get a brochure that explains the Policy from the Texas Department of Insuraoc a by calling 1- 800.252 -3439.
Mon the Policy is issued, you may request changes in the Policy. Some of the changes to considear are:
- ReWst amendnift of the "area and boundary" exception (Schedule B, paragraph 2). To get this amendment, you mast
fumish a aurny. On the owner Policy, you must pay an additioval premium for The amendment. If due survey is acceptable
Iaaye" Title IHMMM
Corporation see See Cumdnuation Page
05/2E/2004 12:26 71388E .38 PAGE 05/26
m,yrt. i i. tuu� u�ri+� NU. 4809 N. 4
to the Company, your Policy will insure you against loss because of discrepancies or conflicts in bounty fines.
encroachments or pmumfons, or overlapping of iuVrovements. The Company may then decide not to insure against specific
boundary or survey problems by making special exceptions in the Policy.
- Allow the Company to add an exception to " rigbts of parties in possession." If you rafase this exception, the Company or
the title insurance agent ma inspect the property. The Company may except to and not insure you against the rights of
specific persons, such as re ntecs, adverse ownco or easemaw holders who occupy the land. The Company may Charge you
for the inspection. If you want to make your own inspection, you must sign a Waiver of Inspection form and allow the
Company to add this exception to Year Policy-
The entire premium for a Policy must be paid when the Policy is issued. You will not owe my additiomal premiums unless you went
to increase your coverage at a later date and the Company agtaes to add an lacreased Value Faadorse ment-
MORTANT NOTICE
FOR INFORMATION, OR TO MAKE A COWLAINT,
CALL OUR TOLL -FREES 7ELEPRONF NUMBM
(800) 447 -7067
(800) 442 -7067
ALSO. YOU MAY CONTACT THE TEXAS l)EPARTMBNT TAMBIEN PUP,Ufr COMU NICARSE CON EL
OF INSURANCE AT 1- 800-M -M39 DEPA RTAMEN`1'O DE STGUROS DE TEXAS AL 1-M06-
252-3439
to obtain information on.
pars. obtoner infarmacidn sobre:
1. filing it conplsint against an ins mee company or
agent, 1. come somor una gaeja on coutm do we oompatlia de
seguros o agem de seguros,
2. whether an itastaaac a company or agent is lkenoed,
2. vi una comps tic de seguros a agente do seguros time
3. Complaints received against an insurance company or limeia,
agent;
3. quejas reoibidas en contra de me compafiia de seguros
4- policyholder rights, and o agonte de seguros,
5. a list of constttlter publications and services available 4. Jos dei echos del asegurado, y
through the Department.
5. una lists de publicaclonos y serviciots pat's
YOU MAY ALSO WRITE TO: consumidotes dispom'bles a troves del Depettametrta.
The Texas Depm#meat of InsurMee TAMBIEN FUME FACRIBIR AL:
P.O. Box 149104
Austin, Texas 78714 -9104 Departa;nwto de Segaros do Totas
FAX No (512) 4751771 P.O. Box 149104
Austin, Texas 78714-9104
FAX No. (5 12) 475 -1771
Lavrpers awle Lusurmnes
Corporation
Page 2
See ConTinuation gaga
AVISO DROXTANTE
PARA INFORMACION, O PARA SOMEM UNA QUEJA
LLANM AL NX M O GRATIS
05/25/2004 12:26 713881 38 PAGE 06/26
min. i i. [vUlF ;: uLrm N0. 489 P. 5
THE FOuDWING CdmmnmmNT FOR TnU IIrTSURmCF, IS NOT VALID UNLESS YOUR, NAME A" THE
J?O11CY AMOUNT ARE SHOWN IN .-SCHEAULE A. AND OUR AUTHOR= RMRESENTAIl VE HAS
COUNTERSIGNED BELOW.
L ¥ Title bwmce
Corpontim
Page 3
05/26/2004 12:26 71388E 38 PAGE 07/26
in7n.
III cuuIf riyi N0. 4809 P, b
DELETION OF ARBITUTIOPI PROVISION
(Not Applicable to the Texas Residential Owner Policy)
ARBI'I'itATION is a common form of alternative dispute resolution. It can be as gaickw and cheaper meow to settle a dispute with
your role b Lmo=oe, Company. However, if you aWw to arbit m, you give up yow right to talce the Title Company to court and your
rights to discovery of evidence may be limited in the aubirratlan process. In addition, you cannot usually appeal an arbiisatofs, award.
Y'ourpoliey contains an arbitration provision (shown below). It allows you or the Company to require arbitration ifthe amount of
lost mm is $1,000,000 or less. If yon want to retain your right to sue the Company in case of a dispute +aver a claim, you must
regaest deletion of the arbitration p %m ism before the policy is issued. You can do this by signing this form and reumaing it to the
Company at or before the Closing of your real estate t weac don or by writing to the Company.
The Arbitration provision in the Policy is as follows;
"Unless prohibited by applicable law or imless ibis arbitration section Is deleted by specific provision in Schedule B of this
policy, either tine Company or the Ins nd may demand arbitration pursuent to *a Title Distance Arbiftsdon Rules of the
American Arbitration Anociadom. Asbinablc matters may include, but are not limited to, my cmbtrovcM or claim betweem
the Company and the Insured arising out of or relaft to this Policy, and service of the Company in con nection. with Sts
iwumee or the bra 6 of: a policy provision or other obligation. All arbitrable matt= when the Amound of Insurance is
$1,00,000 or less SHALL BE arbitrated at the request of either tho Company or the Insured, unless the h mured is at
individual parson (as distinguished fmm a corporat ion, trnst pautnersittp, association or other legal entity). All arbitrable
matters when the ,t MC= of Insurance is in excess of $1,000,000 shalt be arbitrated only when agreed to by boll the
Company and the Insured. Arbitraition pumaut to this Policy and under the Rules in effect on the date the demand for
arbi Qrt is made or, at the option of the InPred, the Rules in effect at the Date o0oIicy shall be binding upon the parties.
The award may [no" attorneys' fee§ only if the laws of the stabs in which the land is located peanut a cow t to award
attorneys' fees to as prevalling party. Judgment upon the award rendered by the Arbitrators) may be entered in any coat[
baving j%isdiction thereof.
The Law of the sltus of the land shall apply to an arbitration under the 'rids Insurance Arbitradon Rules.
A Copy of the Rates may be obtained from the Company upon request."
I request deletion of the Arbitration provision.
SIMM"re
Date
L2wyftt Tft Ira
Coarpora'tbon
05/26/2004 12:26 71388. 38
�•�����. I I. LVV7 VLI ITI
CODDUI MNIr FOP. TITLE INSURANCE
SCMULE A
Effective Date: March 4, 2004,, 5:00 am
Commitment issued: March 11, 2004, 6.00 am
I. The policy or policies to be issued are;
(a) OWNER POLICY OF TITL$ INSURANCE (Form T-1)
(Not applicable for mWrovod one -w-fmr femr *
residential real estate)
Policy Amount: 5380,000.00
PROPOSED INSURED: Ponderosa band Derelopment Gompony
(b) TEXAS RESIDENTIAL OWNER.POLICY OP MME INSURANCS -
ONE-TO -FOUR FAMILY RESIAENCES (Form T-1 R)
Policy Amount
PROPOSED INSURER:
(c) MORTGAGEE POLICY OF IME INSURANCE (Farm T -2)
PAGE 08/26
iVV. 4du y r. I
CI.F. N'o_ or P11e No. 049349818
Policy Amount: to be determined
PROPOSED INSURED: to be determined
Proposed Borrower: Ponderosa Land Development Company
(d) TEXAS SHORT FORM RB$IDENTIAL MORTGAUBE POLICY OF TITLE INSURANCE (Fong T 2R)
Policy Ammount:
PROPOSED INSUkED:
Proposed Borr awes
(c) MORTGAGEE TITLE POLICY BINDER ON 1NTIIt U
CONSTRUC17ION LOAN (Form T -13)
Binder Amoxmt:
PROPOSEDINSURED'
Proposed Borrower.
(f) OTM R.
Policy Amount:
PROPOSED INRJRED:
2. The merest in the land covered by this Commitment is: Fee Simple
L,kwyM Tide Insurance
Ca Teratina
See Confinuadon Page
05/26/2004 12:26 71388: 98
IVIXK. 1 1• LUU4 -: urm
( L' ,6
Cominuaticz of Schedule A
3. Regard title to the land on the Effective Date appears to be vend in:
GoldwK Properties, Ltd.
4_ Legal description of the land:
PAGE 09/26
NU, 4809 P. 8
G.l'_ No. 049349BB
Field notes of a 0.364 acre tract or parcel of land, lying and being set in the I X Seott Survey, NMtnact No. Sk
College Station, Brans County, Texas, and being all of that eertak tract (calculated to be 0,364 acre) dew rib" in
the deed i'tom Richard R, Broach, Jr., to S. Kelley Broach and wife, Nancy M. Broach, as recorded in Volume 312,
Page 384 of the Deed Records of Braxs County, Texas, end said 0.364 acre tract consisting of an the plat recorded in
Volume 188, Pap 295, of the Deed Records of Brazos County, Texas, and a 10' strip adjohftg the northweak But of
said 0.364 acre tract being more particularly de;scxibed in Exhibit "A" attached hereto and made a park berreoL
Lawyers Title baurance
Cospotratlon
Cowtersigmd
Lawyers Me Compnuxf of WHOM
Authorized ComiWaigaatorc
Page 2
05/26/2004 12:26 7138880
IY.". I I. Lt1U4 „uzrl I
i l 's
EMMIT IvAtl
PAGE 10/26
N0.4809 P. 9
UGDMG sit the M" t= rod famed ma tft ft cortrer ofthe belbrementiom d 14111, BIO 3- mooed
Tomes boa Its flro u *rtbweetrtht -of war Tae oilabond brft 00' wills r%b*9f -wlyx
TMWlZ N 45 08 00 W along flee sotttf mwt RM of the b9ftV msntiened CM Acre trust' MOD boAgg tire
W A W M Has e!i "M Lot 19, st a diet = of 1 AAB 102% PW • W" DW rod lbnnel (best* smug th! Wait tenser
dt aR 11 ewtbse o1e far a tats[ dhtanae of lf&oc het to a ifs" Iron red fbund orurldng the west eeraw d fbe 0364
info true% mAmt being an bft W eli vo1' W of fte =W 3,9M am nad dew bed In voWne 23376, Pop 287, of fe
OMkw, of AnM Ca gy" i
TMWCN N 4V 00` W R t tl►a comma An between 0* 6edaremediooted RM4 acre tract nd the
b
,o j ligened 3Mg am trt* for a dtstuaes e[IWA feet to o0g" Bros red fom d muffing floc Korth oornttr of
W 0,364 Aare toot in tho s ndurest right -ef-w ' Ru of Sbft Rwy N*A (ftw AVC24)s
T1MCR $ 43' AA 4A° x abng tau wmt rOw- ay Am of Terns ATMet for a alowes of 135.00 lbee toot 1/Z"
h= rsd set at the b of s bps cw vt & m Taw Avme to Redmond Drlve, a ndW of 2SOd
fleet;
TjlMqCg ggzdw t egg saM bunion otel'►a for a sire lmg% of 39.37 feat to &a ad of Odo curvy &M wbich a
iaw ben rod ibtmd (beast) burrs S 31" 4T all R- 0A hey the *wd bees Dan Seger - 3536 feat;
T11R1= 3 45° 00' 00" W RIM the RM dtwest rObd - VM &V OFRemoad Drhe for a dstauece 00"I feee to the
PJ A.CE OF M GMWG, ereotetzbg 030 an df load, own or ]vas. ,
MM The Canny dotes tot raft
drat ft Above acreage ar
f0cow cdraiatf= am Cp=C .
05/26/2004 12:26 71388L 38
IY17i R. I i- z U u 4 u rNi
COMMTNMENT FOR TnIZ INSURANCE
sCmIJY,T B
EX CEMONS FROM COVERAGE
PAGE 11/26
N0.4809 P. 10
Xn addition to the Exclusions and Conditions and Stipulatlans, you rpOlicy will not cover loss, costs, attorneys' fees, and expenses
reswftg from
1. The following restrictNe eovenam of record btnized below (We must eit>yer insert epee fle recording data, or delete tbas
"tion):
Plat: Volume 188, Page 295, peed Records of Braxoe County, Texas
Restrictions: Volume 188, Page 297, a'd Volume 190, Page 74,11►ecd )Records of Dram Coututy Texas,
Note: The the extent that these restrictions violate 42 USC 3504(c) by indludag a preference, Muitatian or
diserluftation hosed on reaee, color, religion, sea, handicap, Iamifial statues or national orii&4 such rastrletions ape
bereby amiitted.
2. Any diserqucies, conflicts, or shortagm in am or boundary lines, or my eacrowbwents or protrusions, or any overlapping
Of improvemmts.
3. Homestead or oatntnpa + property or survivorship rights, if any, of any spouse of any finsvu e& (Applies to the Owner policy
only),
4. Any titles or rights asserted by anyone, includh* but not l n*M to, parsons, the public, corporations, governm b or other
entities,
a. to tidelands, or lands comprising the shares or beds of navigable or perennial givers and stt+ eanas, lakes, bays, golfs
or Comm, or
b. to lands beyond the line of harbor or bulkhead lines as established or changed by say 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 One of mean low tide to the lime of vegetation, or the rigl►ts of gems to that area or
easement along and across that area.
(Applies to the Rung' Poficy only.)
S. Standby fees, takes and assessments by any Wing authority for the year 2004, and subsequent years; ead subsequent taxes
and assessments by any taxing audw ft for prior years due to charge in lad usage or ownerabap, but not *ose taxes or
assessments for prior years because of an exemption granted to a previous owner of the property under Section 11. 13, Tat
Twee Cade, or because of improvements not assessed for a previous tax year.
S. The to ms and condido ns of the documents aw&g your interest in the land_
Lawyer Title Yb omwee
Corporation
See Continuation page
05/26/,2004 12:26 713888E 3
K
my K. I1. LVVf U3rivi
ConthmatiQn of Std node S
PAGE 12/26
NO, 4809 P. 11
G.F. No. 04934988
7. Materials famished or labor parfbrmed in connectiop with plannod construction before sigft and delivering the lien
document desmbed in Schedule A, ifthe land is part ofihe homestead of the owner. (Applies to the Mortgagee Title Policy
Binder on Interim Construction Loan only, and nuy be deleted if satisfactory evidence is famished to to before a binder is
issued.)
S. Liens and leases that Wed 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 Exeepdons *= Coverage and Express Insurance in Schedule B of the Texas Short Form Residential Mortgagee Policy
of TNe Insurance (T -21t). (Applies to Texas Short Fom Residential Mortgagee Policy of Title Insurance (T -2R) only).
Separate exceptions l through 8 of this Schedule B do not apply to the Texas Short Farm Residential Mortgagee policy of
Title Insurance (T-210.
lo. 7je following tartlets and all tens of the documents creating or offering evidence of the matters (We must insert metiers or
delete this exception.):
a. Building lines, and any and all easemenb as reserved on plat recorded in Volume 181, Page 295, Deed
Records of Brazos County, Texas.
b. Building Ines, and any and all easements as set out in restriations recorded IA Volume 18$, page 297, arnd
Volume 190, Page 74, both of the Deed Records of Brazos Coltaty, Tan.
c, This policy does not insure title to any oil, gas and/or minerals, in, on and under the property herein
des+enbed.
d. Eusemeuts, or Claims of easements, not shown by the public recardL
e. Ri of parties in possession. (OWMAr's 71tle Policy only)
Lawyers Title lingurance
Corporstion
Page 2
05/26/2004 12:26 713886 J8 PAGE 13/26
ITllll 1. L V Vt .;. V rm NU. 4809 P. 12
L 9
COMMITMENT T FOR TITLE INSURANCE
ScaM C
Yompolicy Will not cover loss, costs, attorneys' fees, and expenses resaltfg from the following requiremezus that wall wear as
Exceptions in Schedule B of the Policy, unless you dispose of these arnatters to our satlsfacdon, before the date the Policy is issuer!•
Documents ereating your We or interest nnust be approved by us acid must be signed, notarized and filed fbr record.
2. Satisfactory evidence tmrst be provided that:
IL no person occupying the land claims any interest in that land against the persons named in pusgreph 3 of Scbednle
A,
b. all standby fees, taxes, assessments and charges asst the property have been paid,
C. all improvemetats or rcpaks to the property are c owleted and accepted by the *met, and that all ca*=tors,
subcontractors, laborers and suppliers bave been fully paid, and that no mechanic's, laborer's or nmterlahueaa's liens
have amched to the property,
d, thane is legal right of accesss to and from th land,
o:. (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 barrower the agreed amount for your pzopeTty or interest
4. Any dofee% lien or other matter that may affect title to the land or interest famed, ffiat arises or is flied after the effective
Me ofthis Commitment.
*.� The tittle in1mrance pokey beW issued to you contains an arbitration PMblon. It allows you or the Company to
nquoire drbttration tf the amount of insurance is 51,000,000,00 or less. Ryon womt to retak your right to sue the
Company in ease of a dispute over a daim, you most request deletion of the arbitration provision before the policy Is
issued. If yon are the purehoser In the transaction and elect deletion of the arbitration pro'vtsiwa, please Inform as
throagh your loan elming instraefions.
ti, Procedural Rule P47 as provided for in Article 9,39 of Ike Texas Insurance Code inquires that "Goods Funds" be
receired and deposited before a Title Agent may disburse from its trust had scconaL
7. Our offloe regvirxs an Arldsvit as to Debts and Licas to be exerted at ekwing.
IL Item x, Schedule B will be amended to read "Awry shortages in area" in the Owner's Tide policy if we are furnished n
current survey plat prepared by an approved lieensed surveyor who certifies that there are no discrepancies,
eontiicis in boundary 11nes, or any a acroaehment(s), or any overlapping of haaproveIR0 rts, and the payment of the
additional required plromium: 5'Yo of the baste rate for this amendment on residential policies and 15% on other
owner policies,
9, , Rights of parties in possession" shown in Schedule is of this commitment will be deleted from the Owner's Title
Policy ONLY if an inspection is made and paid for which :Mows no parities in possession other than the ow or or
purehaser(s). if such 2n inspection Is not required, the purchasers) armuet sign a'Walver of hg*etlon swd
Lawyers Tito Insurauce
Corporation
See Conn matiionr Pap
05/26/2004 12:26 7138E 198 PAGE 14/26
ni�tt. I.IVV4 vjm NU. 4009 F, 13
Ca admtkm of Schedule C No. 049349BB
acknowledge that they understand that the Owner's Title Polfev wit) be issued sobject to the rights of parties in
possesslon.
10. Company requires a 1e91B1e espy of egrrast drivers license or other positive proof of Identiilestion of the parries to
the closing.
11. EFFEC''ITIVE JANUARY 1, 2004 - No" CE OF CONFMENTIALITY RIGHTS: IF YOU ARR A NATURAL
PERSON, YOU MAY REMOVE OR MM ANY OF THE h'OLLOWXNG IKFORMAnON FROM TEgS
'NSTRUbMNT BMRE IT IS MW FOR RECORD IN THE PUBLIC RECORDS. YOUR SOCIAL
SECURITY NUMBER OR YOUR DRIVER'S LICENSE.
12. Deed of Trust, Security Agreement and Financing Statement executed by Goidwit Properties, Ltd. to Neale Potts,
Trustee, for the benefit of First State Book Central Te=as, dated Ja =ry 9, 2001, roeorded in Volume 406, pap
214 Ofi•.SW Records of Brazos Cotmty, Texas, in the amount of 3676,000.00
Absolute Ass%ument of Leases and Rents from Goldwit Properties, Ltd, to First State Ban% Ceutral T101",
dated January 9, 2001, reeorded to Volume 4M page no, 011clul Records of Banos County, Texan.
13. We are to be furnished with satisfactory evidence that Goldwit Properties, Ltd., a limited ltahi'lity partnership, is
re&ered with the Tee Secretary of State and that the proposed transacttan is exeeebd in complince vrith the
partnership agreement and any amendments thereto,
Lawyers Me Imm at m
Corporation
Page 2
05/26/2004 12:26 71388 j98
mwrt. i I. Luu4 � : u.�rivi PAGE 15/26
N0, 4809 P, 14
COMMITNZNT FOR TITLE INSURANCE
SCIUDULE D
G.F. No. or FRO 049340BB
EfhOSve Date: March 4, 2004, 500 eat
Puzsuaat to the tequirements of Rule P -21, Basic Manual of RWes, Maces and IFprms for the writing of Title Iamurance in the State of
Texas, the following disclosures are made:
I. The following individuals arc directors and/or officers, as indicated, of the Title I mmee Company j33ulag this
Commitmeot:
President and Chief Operating Officer Directors Directors
Janet A, Alpert Janet A. Alpert V lliam R OooawyA Jr.
Secretary Kenneth Ast chw Russell W. Jordan, III
Jobn M. Carter 0. William Evans Charles W. Keith
Senior Via President, Treasurer Charles H. Foster, Jr
and Chief Flaaaeial Offilesir
G. William Evans
2. Disclosure of Continental T L,L.fr. DMA Lawyers Title Company of Houston
a. The names of each shareholder, owner, perinw, or other peason having, owing or controlling one percent (194) or more
of dm Title Insurance Agent that will receive a potion of the premium are as follows:
R. L. Bndmlew, W. Allen Shindter
3. You arc entitled to receive advance disclosure of settlement charges m camoction with the proposed Uumcdon to which
this comm (tent relates. Upom your inquest, such disclosure will be made to you. Addidonaliy, the name of my person, f hm
or corporation rereMag any sum from the settlement ofthis won will be disclosed on the closing or scttlement
SUOMML
You we further advised that the estimated title premium' is;
Owners Policy 34."
Mortgagee Policy $0.60
Total $4.00
Of this total amo6t 15.00% will be paid to the policy Issuing Title Insurance Company: 85.009 o wdl be x shied by the
issuing Title Insurance A,gnt; and the remainder of the estimated premium will he paid to other parties as follows:
Amount Ta Yam
For.9Mr cea
`The mdm ftd premium is based upon iaf mi don famished to us as of the date of this Commitment far Title Insurance..
Final de mminatiou of the amomnt of the premium will be made at closing in aocmdance with the Rules and Regulations adopted by
the State Board of bsurance.
this commitmcbt is invalid unlace the igsuftg provisions and Schedules A., R, end C am attached.
Lawyers Title hu mince
Copoion
05/26/2004 12:26 7138880998 PAGE 16/26
' Os /10/04 16:28 FAX LAWYERS '917U
nFWAII<O AEVELOfMENf caarognrLOB () h8STRTLTIOtts, RF.OHRND TERan6E,
COLLECE ST.ATMv"TvAE t, '() FWT,ih•SSfa;MU'r. A60MON TO
(j • CZTY OP ¢Ol,LCGE d1
() LR.V.03 CnWIY, TEAS
•• a�,wf, era +,� ,
.•, ' , REONOM raRRAes: rusi - usfALLNE'ti L
L : COLLt/3 STArMN, ARAMA,,CEUNIY, TRKAS
`1 `I { rnS sraT ^a at, MM i
V �, j Rrimt ALL THIN NIT TNral: pusEttCS
` COURY or LRAIM f
i
rhoe eke FJM"Wo DLVSLOPMM COMMTZDR, ft L pedeend, pr.mlJ••nr,
i and volra V. &edswnd, boiny cht ouhar of UNIONo
TORACt, addieion to rho City of C011egt Statlan, Qesau, uhlah %OR hrwtafnce
bccn plectad and subdivided oeaordiag ta•tha plat of said suJ�dlvlslaq (31*4
a
for record in the effia of tba County CIcA cif grasds C61M I ToanR, and
dooirim to trance and coty out s uruow pion for the LOpt vnrnt, drvrlap-
04gt„ one aolr of all """ in raid ARMS', TERRJICE, h0 ltarnby adopt and
establiah tau fallowing raa0tvnciona, rentricttohl 4ovM4nee, and va4v
nonts to AppLY oslroinaly to c" nap, aacupaney, and coavcyvato a( nll tots
In REMPO TERRACE, FIRST 2NSTALLM91Tv,
R L 9'r R 2 r L 1 0 N 5
1. LAnD erg AND EUILOM rrpE:
ifo lot Afill ba• used Car:aay purpaaa othas than rasidartlni
pvcpovas'4s�apc tbnga antes disalpoted Ear eutal- fnNity, uRitd or for
buataaaa putposgs. No bVLldiaE e)•oti bd'araVtld, altarcd, plead, nr prr-
Nittud ea any resiarnhlal 19t ccl.cr moon oo dararhed alReta ramlly dumiLlwh
of to exceed tva atacins in he b�n
n 18A t dad a private garap rev ac Norm e
throo cars. 16 rgsldaat4 shett be built on a lot Of leis rhaq too thousand
1;10,000 square E44r of speed, sail hauda r dupplanaath y bwlldial,• serarturo
oI 4hy k44 0411 tvtr bt:aroved on any lot.
2. AROirrfCrURAL CONTROL: _
Vb'buildiog shall.be lroccod, plsesdi oY sk4rod on any lot umw
fba conetauetioa plena and appdf.Fic Upba dad• a plea shewinN•tha location
of Cho etrugtutQ have baaa•approyad by tha llydtieaottlral tonkrat Coaslttve
am to quality of wos•Issaoshdp and adceerists, taro ny of anal dvaion
wlah axl:siing atruetare4, aqd os'cb lbtacLoa with•raomcc cc topaeraphy
and fLelsh•Rrade 4levaeton. Radldailca•stivasaraa rhall•ba of not lava then
aighey paecane (401) es;tab ar "s-ral reaee Janeee .foc she emtaida walta-
I`
III ' .. - .• ! � 3 �•% f7
05/26/2004 12:26 71388, 398 PAGE 17/26
05/26/2064 12:26 71386. J98 PAGE 18/26
,.. -.
• 05/25/2004 12:26 71388. j98 PAGE 19/26
-.wr
03/19/04 10:27 M nTiRRS TITLE W 005
05/26/2004 12:26 7138E J98
03/19/04 16 -17 FAX • LAWYERS TI T12 _
PAGE 20/26
' S. S. RillIORO sad•
E. mpmOtm. official roprosentaeiv ■a of
_the Rim DaYgUaW M CCR? B. • ODI T It SMIEN, MUM dM4M. Tum,
Omar - of mmmlu =W =, p1Y81'" r1mamsm, hereby place rha ebwe. raa.i-
vatiena, reecrlosioae,'aseamanaa asd 4Y to on A MMM TM MCR,. FrW
INST42411,HC. apd each mad aimo bow&Sv,% cract, ter hr pascal of land
thatala, W sagas tsey� tha dtdloatiow 4td enbdiridiane of said propor4' M•
the ebo r mentioned plat and rbs said reAvrotioas reststK Laos, 4aeemne
ind'eaveaaftra d-11 sandmen in, t'ISli f.mw 4nd 070it and ha binding Upon
dabs ARPM w DVAU4Rm WflawxWpood:eald R. B.- UDWM.p".VSiNA C.
NUNM Asir: aaaipaa Ow lead Oppmatmavr4 mad aw intereaC now
ounad ps h*voat ov 00VATed•by Chat la;119R10110 aG7t :�+IRS1: tH831tLTHdR1'.
St a w Para tbamr, y ,
• .9• Y. bEObQPB;• 'R�
r •w�.RRtlfOND pEYEIAPl�RL CORPORATIQR
t
Rgpbvw DEVEJOrim comNff*
ml>tr eL7NOi1! Rpel3liT '
1A9:37ATtt Ot TMS ..
COMM Op 9RAZOS r
Dafara fa, Che'satlirtianed. a Notaty,?ublis, • In and tlar
Todd Causty, Tong, .0 thie•d+p appeared -• II, ptrari _c
ant , tnlnlA •Trca• «
RM
• D�'rAO�Pf1[!t! C 00 �: 60s� bsni to — t07. the Petrone whasa
Hate are•at ecrl tv Chlsiogolna'iq Crearaa, aae admorledp4 to me
ttpe'ehay•aaah easavted the ass for ahe:pa ism- and eosaidera ;Poe t1tarcte
ammieed, =4 that they did riot vlab to tatrtar Zt,,
+. Oletn MWNR hY YAM ACID 11W Or OMC3 78r9 _l_ day ll KO 1911,
►' RRi•r9.LIAL•. NOIIIU.Ml= III AND YOR
eJ • ' f' • , Comr by 3MOm, =us. _
f �.
slo
05/26/2004 12:26 71388, j98
DS/18 /04 le: 24 FU UVYM TITLE
f ' ;r�•1��. 'r -. .:. .e:•r, �.. i � f ]'�i n i, jS • ;i r. `... • +... '•'�� ' �.
','"DM0"'ID DEVELO?M£!tT ( 81I9TMAIONS, R OND TERMCE, r
Di u: . '•GO'RPik$ ,. 'rvINT MTAF.IALZ .A.MD12tONTO
`±�' •: •:.CO t fe!zS ATJON T£��g K• �r' ^ fd'yCOJ1faS STATION, APA'tbS
1J. pus
�Lnjt•r �! :..'r Lh�• :.,jr .. -.: i(,d��Reid'+t`� +• >, y , � '
'i' ` _ : ..s f'' -r: •..•krr,,;7k:,aSr �Yae; '�.� :;:r't.e.- ;• %�•1'. �..
,� • • r: : >nil�>rinl9n ; \ .. �'� i tdsotr,' • •
� �`cq;:istiss�wz�a�''� � g .�3iAS • '
�'f+i' -• ,':,' r '' •x •: ' `waa►.Fwi�::t��s:4t.etcr+� � ", . w � :v
j.r TffE 3lCATE.Of+' TLr7CAS
KNOW EN DT TRFSE PRF.SBNTS:
Tk%A!he'RVVMd� p LrVE1.OPSfXWCORPDPATION,'h;,•8: Radmand, a'1
• ::
pre��dit►t�,alli velma•r.,, Filelm ndM3eel ie T e aares bdin4 0a owner o!
e Y, ,_REl3MOND.TEAAACSV�Addttlea, '3fi';.0 ;its eel 4ft sudah..Tmme, •wideh
t �1itr 1Kietofole.beee pta#ia�[ Ms�d' �(•'�g eoi'c�if plat of a MuDdly.
i16e Glad to ra t +. f a. • ; `•', • . . _
. .. ,.{ co d •fa' tAe alflat btthti ;l Clerk of f3s ..11 Gou. , To'
nq Vi asaste- Ad bariry'ou� a ntaifiis�ir ptao Cos thrt ifnAS•Wemai, deval-
i opmt of aIl'loeR iri tatd R£Dfrtd2�D� t TE - IIRACTr( do hosahy adapt and
i •4mfabliah the Sol 0wsAa ire ep> dI ajitesti fetiilk cW&nann, and earem■ntd to
r 'apptroQtYgrrr+lyizo ; efie' mie.� pcati�ay,.,a�_Tq'eyq}iae e£atl.leee !n REDMOND
^µ;• .•TEI(RA6i, IJRBT Ipjg Tiif.r' n„}'i•r,M . ± ;5,- 5 ' ' , ,
�c �# 1. ZAND USEAMD DU1L1 UfCj.x'YYk:7, -
'f,• No lae:efiek7;be iL�ICd fdc nay piisp6rrgth�n',CAan saaidactta; purQoaoy
} _ ¢xeep! ehabv..reas slerfgclatrd tnr. ylsLtf}�xniljr -datty or for wol"sea parperte. t
S rh+11 be braatod, al(irryi,; pleRed, d} Ictsd an aqy saeid ■s Wit
_t�l lat' pFheF ,pa.d'e3et}ia¢ >tall�r•$W".esoeed nve.ecnrte■ in
�I�•,�3LM �� !!yf`Na r hall
! � , io g ..; anfdesee a be
A Lc
• + •1v■r.�, t� � oaaa l�A Qp . • re:feat oUapaee NO $ou ■e
'br silo�asiih'eer bh '
7 'F •� T f1l13ap atrac�E "c Y rlatl ea s•.Sa *Oe vd on any'ln:.
ti ." • Z. /tRCiIFtTSrC•TeTRAt: • co1�'3It�S+l L 7 7 ! • ,, v ' ;)P
.'•��.: ' ' ':C• •..,,..... , .... .: •,• :'�) r9'*: •' r x.'.. .. -
jl2cal' er alcsred an any tor. until the
caneceaghllori pyYtis_sad,pprl te[sad Arid s ailau 4howinp the toeatlan of the
y;; r titSYebRSi bavo•baas:gppxitvid y, L l�ii�ii fta'etiiraLOpafsal.Csmmttva z. en
■ :4 3': o lanaaaLip aad anube iatw.;b a'+dd �! eicSerrial dasi n •■tch axlncl
> %v"t • . 'irtintet+t'rsef aod�o`e'te:leaeitiaa•vr eeP�eL to topogsapby snd Aid k p ads
p ? }tea[da —r aerui9enteiLVJYl�be'uuim4leenr t(,as id flay peircent (00%)
j;.rtibriCyc�o3: rti loY.lbs ~ 'ce�aiweilL: 'Na4aouRa or supplamenttkrs
r �. 7fi ray ;�' . ,, St ` '. .>~•tC Ld::.,, k �ii� °� •!�'�;• �': .
v�•,� i'r'i ..•
rF r ya. ;� ••!
�r.�� � �� ..y "r .r:r t"'1� �.�� .. .-.�� l 3 r .'t.
- - - - - •rf r . e'`: � �•� .f.Y -•i`.' '.M :_ate
PAGE 21/26
• 05/26/2004 12:26 71386 J98
4. . a . 9119164 I8:28 FAX .14WMS TITLE
T
gf" •
.w U.S A tyliatttrW ODLAY-kir Fe 11 !So tense at • wilt
buU. kd sUll. be bi4t-ial
ro"4; - A.Nir or, alftreff als. at uq�xrex kh wit Itre at &AS %h a
Aall be a
mthimurvi buJidlul p baglc line
W'. h"tr.I, ' Comtn1 Imp qn
Yy jc4Wotavyuj-rowvnfttA Ab!l Co
r 'Velma -E,: 3ked"and, a T;P-ny.
113 W ter D7WRI-OC011ug"to itrA Yv!
I As. w.1mmiA, 1 04 Dries.
*
R�, Redmond itt'dr6c We M
cv
113. IL lk ri� Drina, CqUip StLdoW, d 'X-
Tpiw;Aw;rAtY or,v
W leqmiwil may
-de aaajriovcz1AcIv4 sat jrqri&t;;'AV6irsr&
kno I
n7
:a a - 411 1
t � .1 fun s6ruth o Aty
ny cobal lrq� o. 4 L 4 V .0
. . . .. • - ' a; , , ex"YO(Ak, C
Ts fe'sIgnafta dUMi *' N
the-jolf shall have than pro*fi
g:4 o d'yowiftA Wxtrum"t to cUnge
tlig nqmmj;t*!: a2v �p yac it c
-the rneMbovsh2r, OW 14 a or
,commiccoo or
te cigir of fhe j."offf &12d' duties
7
M
V&w reeint2 , e; l
w;3 j:pirokbil
... _ U " thirty, rty ( a
d aye after P I a n id, sp On 1 c x t I quo hkW I R in 6 j_jjf ijv -1 n a a y a vant - it
to erjajftti* trouRtmCtion has beets cam #s oCffvlar to Vha comptetion.
'.of the ApkSroyar- win net b Wf.W �Udxhvaiixrsts shall
dcimcd:tv tm-4 I;QaUfutlj t
The ground floor mr: . Af 4tare, qXCIONive of
djeft pa khvj. gereaned.porshlss athopa, inil iii so' 114U be not lap that
ouflj:�*# Aft th4 Lano;Rng PhrALffr&?b*:
13 14 0 CA NC, J.*
Lokit 1•chrough 23 icetr1cmd to dAff tamer Arabdenct of not to4d
than 1200 rRaAra feet.
AXM GIC
. C. ftillaict or i1or ifi..
Lots 1.
"than 140P p1quara jjjj,
014OCK 00 .1 •
Logo I *rQuilh Z rescricced"o Of hot lass
less
"that.
hit d! 144-� . w 600
Q!�;
h-SQ abijor OIL,
Lots, 9 thlriujh Ll rostrI.I.S.. bi
Lott: L ' W. 4
Ig lmnt Tvie than
outh 3 raatv a
1400 square fast,
through 10 rgOtriOLAII to single X- invq Of not I ona than
1600• sq rest,
32 ,
PAGE 22/26
It ooa
�. � t '
05/2-6/2004 12:26 71388,_ .j98 PAGE 23/26
• _ r , - 03/10/04 16:28 FAX _ _ Ldl1YL'R3 722L8 009
WE
,4,. •}� �� Srn. Y.Y•..•>~{ ��4 � ,ti'�y�y,15aS ,. .L
'•'• i• •T•, x -:.. i. `±.rim ,J'v��.. f" �r "_
t.� Pala
cz
1• 1s }l thioug�i�YJs a� rta reddopoa It not toil a thaai.
5 +r. . ";. .tied � uASa•{aar, •ut �• of trot ieftl,titaa 600 agvore ,
Yy'r% _ •�••• 'fist got- aa" b 7f..k"iC.'i1�j'`•,:Fr= `'�,`�ar �i••;°r�,.y; 1, ,
�:% ' .ryle.la theon4h xY.rra • 14hd, er er oo[pmarcfat U.S.
�L .f otr L ckroa h iI r rePtrlat3d w.p1-%jlwOfrdiy raiidwnta or not lean +
pion 1800 square fact. • .a' '.Nr•�� �" -
L T ., ..,:. • is r�•.,: 1 ''\0: . � ti f �•� - ' .ttiFi� 1 4i7��ir •+I.n. 4d ' ,'',�.
i p�wi ..' , 'S1.GGIC 1'10: 6 �•�'eT,',': F"1'i4 'f '• :. - .•:�.:
7 Y t} tronp4 rcOldQTQO•oC act lop► '
{y„ .. • 1(tap •I200 ;u$rs-festzes•!n44 llyst' As. of npt ltas. than 600 , ,
-square foot for eadt5� '�jl~? s:•t ' s:
'`s�;i;.h: B1liI .t11DT[s'L'CCh'1?ONS J r ^.• �;-
- }} =,� �' L'• ' :: "tip; NQ 3aildtn� /us11 ba ]o�vu "7I�S,oe.n_pasrr jer.lh5 [root Tina •d
nnaxez tv the aido,!/tiegR Mali Flaps d[a ea10 Q bnit}djrlg setback 1Ua
fiaGwm`efr tba rodavred 6o laangd o>,
fit..
• „ . '' nnyla aaar`sr teal! �L:o {Y,�30► Gwa Einc,l3nc or nerY.:r than twenty -
� '': (ZOE fQaGto•thc Dlt{! rtFast7f_f{a:'t1 t log•�'�isH,�a lona*ad nearer "n tea '
,f (I of feet to iny;lptdrfoti Oat 1f�ey Vg Qr'.itiora lrot[r tlee. frontopsYl ire (5) feat. t{t Soawes�d on atgt'ld.4iQY1ii : tH�f(si(L love to tks rewrlot ; Fe$ pu�poaei ef'thli aevaa , pen porshis shRLl <ana{d ' k
Arad ii f, parr of Yho bwl3ingo rxt! a ;y.eu - r e e 1, aa9:o�.isshepgCna roofs havin0 ar
auppartL:am t} icProlsiid• 1av�I ?ai thopyrpaae of eewD- ,
,ai•ti •Iisbiag, -tl►a 6atbaQlcli3�i, ::', -'+ "•Sa � •'':
VASH
i�� • • . . iox'l�i:tatlattap malri;enanva of vtRlxos.are reserved', -
' +• : ".'•at 3liowa �'tavtdad;foisbn $►slacei set �r7aC. ;Sddraaseu,egm are b7rs +•e.
:eived'ai;prataa ¢ e:9zP,at+
��:+ r 6. ; PROTEC ' a•.'.': • ' .. _- .
,_ :'fiiy L TS}a •Daitasrr'a'rea.as pii "a+ort li y epq plain, lw folcria to retaQ
P;, . • bueinsart:• pro: tepslaaL, l; ofLle "r�;iad.to nrall'oalY. ePd ea nateiou•
6 $c or-pcfeaW4' trade o'r aet{v31y' elmlf do aPyAl:d,di� stS or! *A treat, nor shal2'r
, ;thlpg bi "dprie thereer. Wh14h aDaliBe`.A ibecotJsA aa•anovyaecs or natranae to the
'�. r ' ,. �' ,�.:� •s ' i:` : "y r y) s• _,,�• ,
' s�, •• r7. 'xFabLPO �`"6TRIIC s. '•;(. :•.
r i�.. ^ . � ^: ','t� Y •i�`:;•. :• ': L:r"� ",r �: „ i�ij -R,•�. a.',•^ ... 4.
fir+•: ; p ._y}1o,pt� cN.,TeY•'a�`1�yt�els5perdpY batar�tet+, tiallas: e'aramane, teat. ,
r : i ':l � • 4arage, gar ge;apsrtatgrka of otlaT'ei5cb.atla {ag, aball ha sand oq ,
�y: zr of at ups dmeis a sa►idahci atfL "it0p0i4=U•Y, or permanonrly.
'•- ',ms • = fif o. A "p "y ;alia4i d y bsaw•an arty lot -
' "M!" "Alfa, bf'aot maa4.tb ^ad'„v :8 Tor faef cavertiatng the propert . .
r_' faf, i,�lrFair' raat, ;fir i ni rti6e by tfW7lp4 n dvarrtae'the psoperty'daring .
�. •`. th0 4cn:9raetlbn and t •3aEas
hrr 7ff •;5 �. �' r'.:+.•:.�: 't.(,., L.- a; i :.:� r .'T'` • ' *' • l; ;,� - . ' �•S7�(:ryTfe
�t'� „t .: .' ��C: , s t: {i•'' � f .�y�`"•�i''.�}tr�e i• ,,. 7
7 a,' ' • • '•~ •r 4 �i :.'. ,•J9i Y.a•. 1 ;; !t {.' : '�'ti• y"r; .•t •, t%
.�,, . ter-' i: :•: >;.. • • • '. ,1 '” ,r,: �' - O ,:''�r .i. jC � ' � •�•' < • � " .•4
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05126/2004 12:43 7138880998
PAGE 02/24
COMMITMENT FOR TITLE INSURANCE
Isswd by Lawyers Title Insurance Corporati
LandAmerica Uy"M Rk ftrafte C&Waft, Is a MMber of ftlodAmarka fv*,f&fty4pW under ika.
Lawyers TMe
TH FOLLOWING COMMITMENT FOR TITLE INSURANCE IS NOT VALID UNLESS YOUR NAME AND
THE P OL I CY AMOUNT ARE SHOWN IN SCHEDULE A. AND OUR AUTHORIZED REPRESENTATIVE
HAS COUNTERSIGNED BE=LOW.
We (LAWYERS TITLE INSURANCE CORPORATION) will Issue our title insurance policy or policies (the
Policy) to You (the proposed insured) upon payment of the premium and other charges due, and
compliance with the requirements in Schedule 5 and Schedule C. Our Policy will be in the form approved
by the Texas Department of Insurance at the date of issuance, and will insure your interest In the land
described in Schedule A_ The estimated premium for our Policy and applicable endorsements is shown
on Schedule D. There May be additional charges such as recording fees, and expedited delivery
expenses_
This Commitment ends ninety (90) days from the effective date, unless the Policy is issued sooner, or
failure to issue the Policy is our fault. Our liability and obligations to you are under the express terms of
this Commitment and end when this Commitment expires.
LAWYERS TITLE INSURANCE CORPORATION
1" ° X44 13y' _
6 ACV
�
; SE # 7-j . President
s Anesi:
Authorized Signatory 6 %N% S6crelaryr
1. It you have actual knowledge of any matter which may affect the title or mortgage covered by this
Commitment, that is not shown in Schedule B, you must notify us in writing, if you do not notify us in
writing, our ilabiifty to you is ended or reduced to the extent that your failure to notify us affects our
liability. If you do notify us, or we team of such matter, we may amend Schedule B, but we will not be
relieved of liability already Incurred.
2. Our liability is only to you, and others who are Included in the definition of insured In the Policy to be
issued. Our liability is only for actual loss incurred in your reliance on this Commitment to comply with
its requirements, or to acquire the interest in the land. Our liability is limited to the amount shown In
Schedule A of this Commitment and will be subject to the following terms of the Policy: insuring
Provisions, Conditions and Stipulations, and Exclusions. ,
Page 1
C'mmiment For Tiva insumm -T -7
Form 1177-15 (Sov, 04/04/0) ORIGINAL valid only If Schedules A, 8 and 0 are attached
05/26/2004 12:43 713888
f ° A
PAGE 03/24
TEXAS TITLE INSMANCE INFORMATION
Title insurance insures you against loss resulting front certain CI seguro de titulo le asegura an relaeion a perdidas resultantes
risks to your title., de clertos riesgos que pueden afectar el titulo de su propiedad_
The Commitment for Title Insurance is the title insurance
company's promise to issue the title insurance policy. The
Commitment is a legal document. You should review it
carefully to completely understand it before your closing date,
El Compromiso para Segura de Titulo es It promesa de is
companiu aseguradota de titulos de emitir It poliza de seguro
de titulo. El Compromiso es un documento legal. Usted debe
leetio culdadosamente y cntendario completamente mntes de la.
fecha oars finalizar su ttansaccion.
Your Commitment fbr Title Insurance is a legal contract between you and us, The Commitment is not an opinion or report of'your
title. It is a contract to Issue you a policy subject to the Commitment's terms and requirements.
Before issuing a Commitment for Title Insurance (the Commitment) or a Title Insurance Policy (the Policy), the Title Insurance
Company (the Company) determines whether the title is insurable. This determination has already been made. Pert of that
determination involves the Company's decision to insure the title except for certain risks that will not be covered by the Policy. Some
of these risks are listed In Schedule B of the attached Commitment as Exceptions. Other risks nre stated in the Policy as Exclusions,
These risks will not be covered by the Policy.
Another part of the determinetrort involves whether the promise to insure is conditioned upon certain requirements being met. Sched-
ulc C of the Commitment lists these requirements that must be satisfied or the Company will refuse to cover them. You may want w
discuss any matters shown on Schedules S and C of the Commitment with an attorney. These matters will affect your title and your
use of the land.
When your Policy is issued, the coverage will be limited by the Policy's Exceptions, Exclusions and Conditions, defined below.
EXCEPTIONS am title risks that a Policy generally covers but does not cover in a particular instance. Exceptions arc
shown on Schedule B or discussed in schedule C of the Commitment. They can also be added if you do not comply with the
Conditions section of the Comtnitm"t. When the Policy is issued, all Exceptions will be on Schedule B of the Policy.
- EXCLUSIONS are title risks that a policy generally does not cover. Exclusions are contained in the Policy but not shown
or discussed in the Commitment.
- CONDITIONS are additional provisions that qualify or limit your coverage. Conditions include your responsibilities and
those of the Company. They are contained In the Policy but not shown or discussed in the Commitment. The Policy Condi.
tions are not the some as the Commitment Conditions_
You can get a copy of the policy form approved by the State Board of Insuraoce by calling the Title Insurance Company at (604)
447-7067 or by calling the title insurance agent that issued the Commitment The State Board of Insurance may revise the policy form
from time to time,
You can also get a brochure that explains the Policy from the Texas Department of insurance by calling 1- 800 -252- 3439.,
Before the Policy is issued, you may request changes in the Policy. Some of the changes to consider are:
- Request amendment of the "area and boundary" exception (Schedule B, paragraph 2). To get this amendment, you must
furnish a survey. On the Owner Policy, you must pay an additional premium for the amendment. If the survey is acceptable
Lawyers Title Insurance
Corporation
See Continuation Page
05/26/2004 12:43 713888x998
1 10
PAGE 04/24
to the Company. your policy will insure you against loss because of discrepancies or conflicts in boundary three,
encroachments or protrusions, or overlapping of improvements, The Company may then decide not to insure against specific
or survey problems by making special exceptions in the Policy.
-Allow the Catnpany to add an exception to "rights ofpartles in possession," If you refuse this exception, the Company or
the title insurance agent may inspect the property_ T" Company may except to and not insurr;
specific persons, such as renters, adverse owners or easement holders who Occupy the land, e Cmpeany may you
Y
for the inspection. If you want to make your own inspection, you must sign a Waiver la Tho Inspection form and allow the
Company to add this exception to your policy.
The entire premium for a Policy must be paid when the Policy is issued. You will not awe any additional premiums unless you want
to increase your coverage at a later date and the Company agrees to add an Increased Value Endorsement.
IMPORTANT NOTICE
FOR INFORMATION, OR TO MAKE A COMPLAINT,
CALL OUR TOIL -FREE TELEPHONENUMBER
(8" 442 -7067
ALSO, YOt r MAY CONTACT THE TEXAS DEPARTMENT
OF INSURANCE AT 1-800-1523439
to obtain information on:
AVISO IMPORTANTE
PARR INFORMACION, O PARR SOMETER UNA QYJE.IA
LLAME AL NUMERO GRA71S
(8010) 442 -7M
TAMBIEN PUBDlr COMUNICARSE CON EL
bEPARTAMENTO DE SEGUROS DE TMAS AL 1400..
252 -8439
1 • tiling a complaint against an insurance company or
agent,
2, whether an insurance company of agent is licensed,
3, complaints received against an insurance cotttpany or
agent,
4, policyholder rights, and
5• a list of consumer publications and services available
through the Departrnent.
YOU MAY ALSO WRITE TO:
The Texas Department of Insurance
P.O. Box I49104
Austin, Texas 78714 -9104
FAX No (512) 475 -1771
tavvycrs Title Insurance
Para obtoner informacl6n soble..
I . como someter una queja on contra de unt, compaflia de
seguros o agents de seguros,
2. A una compaitin de seguros a agente de seguros Ilene
licencia,
3. quejas recibidas on contra de una compania do seguros
d agante de seguros,
4. los derechos del asegurado, y
S• una lfsta de Publicaciones y servicios Para
consumidores disponibles a troves del Depattamento.
TAMBIEN PUEDE SSCRIBIR AL:
Departamento de Segnros de Texas
P.GI. Box 149104
Austin, Texas 78714
FAX No. (512) 4151771
Corporation Page 2 See Continuation Page
05/26/2004 12:43 7138880Q98 PAGE 05/24
THE FOLLOWING COMMITMENT FOR TITLE INSURANCE IS NOT VALID UNLESS YOUR NAME ANU THE
POLICY AMOUNT ARE S14OWN IN JQagPQt&A AND OUR AUTHOR17ED REPRESENTATIVE HAS
COUNTERSIGNED BELOW.
Lawyers'n8e Ixmrance
Page 3 Corporation
05/26/2004 12:43 71388PR998 PAGE 06/24
DELETION OF ARBITRATION PROVISION
(Not Applicable to the TMAs Residential Owner policy)
ARBITRATION is a common form of alternative dispute resolution. It can be a quicker and cheaper means to settle a dispute with
your Title insurance Company. However, it you agree to arbitrate, you give up your right to take the Title Cempany to court and your
rights to discovery of evidence may be limited in the arbitration process, in addition, you cannot usually appeal an arbitrator's award,
Your policy contains an arbitration provision (shown below). It allows you or the Company to require arbitration if the amount of
insurance is $1,000,000 or less. If you went to retain your right to sac the Company in case of dispute over a claim, you must
request deletion of the arbitration provision before the policy is Issued. You can do this by signing this form and returning it to the
Company at or before the Closing of your real estate transaction or by writing to the company.
The Arbitration provision in the Policy is as follows.
"Unless prohibited by applicable law or unless this arbitration section is deleted by specific provision in Schedule 13 of this
policy, either the Company or the Insured may demand arbitration pursuant to the Title Insurance Arbitration Rules of the
American Arbitration Association. ArbiwbJe manors may include, but arc not limited to, any controversy or claim between
the Company and the Insured arising out of or relating to this Policy, and service of the Company in connection with its
issuance or the breach of policy provision or other obligation. All arbitrable matters when the Amount of Insurance is
S 1,000,000 or less SHALL BE arbitrated at the request of either the Company or the Insured, unless the Insured is an
individual person (as distinguished Crom a corporation, tryst, partnership, association or other legal entity). All arbitrable
matters when the Amount of Insurance is in excess of 81,000,000 shall be arbitrated only when agreed to by both the
Company and the Insured. Arbitration pursuant to this Policy and under the Mules in effect on the date the demand for
arbitration is made or, at the option of the insured, the Rules in effect at the Date of Policy shall be binding upon the parties,
The award may include attorneys' Nees only if the laws of the state in which the land is located permit a court to award
attorneys' fees to a prevailing party. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court
having jurisdiction thereof,
The Law of the sites of the land shall apply to an arbitration under the Title Insurance Arbitration Rules.
A Copy of the Rules may be obtained from the Company upon request,"
I request deletion of the Arbitration provision.
Signature
Date
Lawyers Title Insurance
Corporation
05/26/2004 12:43 7138880998
COMiVII'I TENT FOR TITLE INSURANCE
SCHEDULIE A
Effective Date: March 2, 2004, 8 :00 am
Commitment issued: March 13, 2004, 5 :00 am
I.
The policy or policies to be issued are:
(a) OWNER POLICY OF TITLE INSURANCE (Form T -1)
(Not applicable fbr improved one-to -four family
residential real estate)
PAGE 07/24
G.F. No. or File No. 04953988
Policy Amount: 5340,000,00
PROPOSED INSURED: Ponderosa Land Aevelopmeat Company
(b) TEXAS RESIDENTIAL OWNER POLICY OF TITLE INSURANCE -
ONLe -TO -FOUR FAMILY RESIDENCES (Form T -1 R)
Policy Amount•.
PROPOSED INSURED:
(G) MORTGAGEE POLICY OF TITLE INSURANCE (Form T -2)
Policy Amount: 50.00
PROPOSED INSURED;
Proposed Borrower. Ponderose band Development Company
(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 -I3)
Binder Amount
PROPOSED INSURED:
Proposed Borrower:
(f) OTHER
Policy Amount:
PROPOSED INSU1MD:
2, The interest in the Iand covered by this Commitment is: Fee Simple
Lawyers 'Title Insurance
Corporation
See Continuation 'Page
05/26/2004 12:43 7138880998 PAGE 08/24
Cont of Sehed A G,P, No. 049529E8
3. Record title to the land on the Effective bate appears to be vested in:
Lane L Darrant, Trustee of the Lane B, Durrant Trust
4. Legal description of the land:
Lot Nine (9) and Lot Ten (10), Block Three (3), REDMOND TERRACE, Fi><t$'i' liN5TA1,l,MENT, an addition to the
City of CaQegc Station, Brazos County, Texas, according to the Plat recorded In Volume l8$, Page Z95 Deed
Records of Brazos County, Texas. ,
Lawyers Title Xwwvwe
Corporatiaa
Page 2
Countersigned
Lawyers Title Company of $ousft
BY �
Andi oifted Counirraittatum
05/26/2004 12:43 7138880998
PAGE 09/24
COMMITMENT FOR TITLE INSURANC$
SCWEDULE B
EXC$PTIONS FROM COVERq,CE
resulting from:
addition n the Exclusions and Conditions and Stipulations, your Policy will not cover lass, costs, attarne
ys fees, and expanses
I The following restrictive covenants of record itemized below (We must either insert specific rec
exception); oin da to or delete this
Those filed for record tn'Nolutnc I88, )page 295, Volume 188, Page 297 and Volume I yp, pa e
Records of Brazos County, Texas bnt omitting any covenant or restriction ba s ed on race, color, religion, sear,
p erso ns. against handicapped persons, 4 a!1 of the Deed
a e familial status or natiobal origin unless and only to the extent that said covenant
C a
Chapter 4 9Z, U.S.C. 3baA(e) of the United Stpks Code or (b) relates to h andicap b
p et daey at p t finder
urinate
2.
3.
4.
b• to lands beyond the line of Itatbor or bulkhead lines as established or changed b
8 Y any Bovetnment, or
C. to filled -in lands, or artificial islands, or
Any diserepencies, conflicts, or shortag
of improvements. es in area or boundary li o any encroachments or protrus or any overlapping
Homestead or community propert
only). y ar survivorship rights, if any, of any spouse of 1111 insured, (Applies to the O
caner Policy
Any titles or rights asserted by anyone, including, but not limited to, persons, the public,
en tities, corporatio »s
governments or other
a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, ba
Or oceans, or
ys, gulfs
El. to statutory water rights, including riparian rights, or
c. M the area extending from the line of mean low tide fi the line of vegetation, or the rights of access to that area or
easement along and across that ones.
(Applies to the Owner policy only -)
Standby fees, totes and assessments a
and assessments by any taxing �' any taxing authority for the year ZQpl, and subsequent years; and subsequent taxes
1; authority for prior years due to change its ]and usage or owners assessments for prior years because of an exemption granted to a previous owner a the roe under Section 11 ta xes
Tex Code, or because of improvements not assessed fora previous p' not those taxes or
i tax year. property , r'exas
S.
6-
The teym and Conditions of the documents creating your interest In the land.
Materials furnished or labor performed In connection with planned construction before signing and delivering the hen
document described in Schedule A, If the land's part ofthe homestead orthe owner. (Appl1 to the Mortgagee
lace Tr le Policy
Lawyers Title Insuranm
Co Toration
See Continuation page
05/26/2004 12:43 7138880998 PAGE 10/24
Continuation of Schedule B
G.F. No, 049529BB
Binder on Interim Construction Loan Only, and may be deleted if satisfactory evidence is furnished to us before a binder is
issued.)
Liens and leases that afflict the title to the land, but that are subordinate to the lien of the insured mortgage. (Applies to
Mortgagee Policy (T•2) only.)
91 The Exceptions from Coverage and Up= Insurance in Schedule B of the Texas Short For, Residential Mwtgagco policy
of Title Insurance (T -2$), (Applies to Texas Short Form Residential Mortgagee Policy of Title Insurance (T 2R) only),
Separate exceptions 1 through 8 of this Schedule B do not apply to the Texas Short Form Residential Mortgagee policy of
Title Insurance (T -2k),
10. The following matters and all terms of the documents creating or of&ring evidence of the matters (We must insert matters or
Mete this exception.);
a. 30' building line across the front property adjacent to Redmond Drive; 20' utility easement centered ncross
the rear of the property, and any and all casements as reserved on the plat recorded in Volume 188, Page
295, Deed Records of Brazos County, Texas.
b. 30' building line Across the front orthe property; IO' building line to any Interior lot line; 25' building line
across the rear of the property; 20' utlllty easement centered Across the rear of the property; said easements
are also reserved as drainage easements, and any nod all easements as set out in the restrictions recorded in
Volume 188, Page 297, and Volume 190, Page 74, both In the Deed Records of Brazos County, Texas,
C. This policy does not insure title to any oil, gas and /or minerals, in, on and under the property herein
described.
d. Rights of parties in possession. (Ovaner's Policy only)
Lawyers Title bmurance
Corporation
Page 2
05/26/2004 12:43 7138880998 PAGE 11/24
COMMITMENT FOR TITLE INSURANCE
SCHIEDULE C
Your Policy will not cover loss, costs, attorneys' fees, and expenses resulting frnm the following requirements that wall 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;
! _ Documents creating your title or interest must be approved try us and must be signed, notarized and filed for record.
Satisfactory evidence must be provided that:
a. no person occupying the hand claims any interest in that lend against the persons named in paragraph 3 of Schedule
A,
b. all standby fees, tables, assessments and charges against the property have been paid,
C. all improvements or repairs to the property are completed and accepted by the owner, and that all eonbutors,
subcoruraetors, laborers and suppliers have been fully paid, and that no mechanic's, laborer's or materialynen's liens
have attached to the property,
d. there is legal right of access to and from the land,
a• (on It 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 defece, 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. The title Insurance policy being issued to you contains an arbitration provision, It allows you or th Company to
require arbitration WOO amount of insurance Is S1,000,40o.0o or less. Ifyou want to retain your right to sue the
Company in case of a dispute over a claim, you must request deletion of the arbitration provision before the policy is
issued. If you are the purcbasar In the transaction and elect deletion of the arbitration provision, please inform us
through your loan closing instructions.
6. Procedural Rule P -27 as provided for in Article 9.39 of the Texas Insurance Code requires that "Goods Funds" be
received and deposited before a Title Agent may disburse ftm its trust fund account.
7. Our orrice requires an Affidavit as to Debts and Liens to be executed at closing.
8. Item 2, Schedule 9 will be amended to read "Any shortages in area
current in fire Qwrrer's Title Polley if.ve are furnished a
earnest survey plat prepared by an approved licensed surveyor who certifies that there are no discrepancies,
conflicts In boundary lines, or any eneroacbment(s), or any overlapping of improvett,ents, and the payment of the
additional required premium: 51/16 of the basic rate for this amendment on residential policies and 15% on other
owner policies.
9. ^Rights of parties in possession" shown In Schedule B of this commitment will be deleted flrom the Owner's Title
Policy ONLY If an inspection Is made and paid for which shows no parties In possession other than the owner or
purchaser(s). If such an inspection is not required, the purchaser(s) must sign a Waiver of Inspection, and
Lawyers Title Insurance
Corporation
See Continuation Pap
05/26/2004 12:43 7138880998 PAGE 12/24
Continuation of Schedule C
G.F. No_ 049529EE
aclanowledge that they understand that the Owner's Title Policy will
possession. be issued subject to the rights of parties in
10. Company requires a legible copy of current drivers license or other positive proof of Identiticatlon of the parties to
the closing.
11. EFFECTIVE JANUARY 1, 2M - NOTICE OF CONI'ID1;iMALITY RIGHTS: IF YOU ARE A NATURAL
PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS
INS'T'RUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS. YOUR SOCIAL
SECU11ITY NUMBER OR Y01JR.DRIVER'S LICENSE.
12. NOTE. We find no outstanding liens of record Affecting the subject property. Inquiry should be matte waceroing
the existence of any recorded or uilrecorded lien or other indebtedness whkh could give rise to any security de Con interest
claim in the subject property.
Lawyers Title Insurwe
Page 2 Corporation
05/26/2004 12:43 7138880998
COMMITMENT FOR TITLE INSURANCE
SCHEDULED
G.F. No. or File No, 049529BB
PAGE 13/24
Effective Date: March 2,2004,8:00 am
Pursuant to the requirements of Rule P-2 1, Basic Manual of Rules, Rates and Forms fbr the writing of Title Insurance in the State of
Texas, the following disclosures arc made;
1. The following individuals are directors and/or officers, as indicated, of the Title Insurance Company issuing this
Commitment:
President and Chief Operating Officer
Janet A Alpert
Secretary
John M. Carter
Senior Vice President, Treasurer
and Chief Financial Officer
G.. William Evans
Directors
Janet A. Alpert
Kenneth Astheimar
G. William Evans
Charles H. Foster, Jr.
Directors
WiIlimn H. Goodwyn, Jr.
Russell W. Jordan, H]
Charles W. Keith
2. Disclosure of Continental Title, L.L,C. D/BIA Lawyers Title Company of Houston
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:
R. L. Buckafew, W. Alien Shindler
3. You are entitled to receive advance disclosure of settlement charges in connection with the proposed transaction to which
this commitment relates. Upon your tquest, such disclosure will be made to you. Additionally, the namie of any person, firm
ar corporation receiving any sum from the settlement of this transaction will be disclosed on the closing or settlement
statement.
You are fhAher advised that the estimated title premium is:
Owners Policy $0.00
Mortgagee Policy $0.00
Total $O.oO
Of this total amount: 15.00% will be paid to the policy issuing Title Insurance Company. 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:
Amo t To Wh
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 amotmt of the premium will be made at closing in accordance with the Rules and Regulations adopted by
the State Board of Insurance.
This commitment is invalid unless the insuring provisions and Schedules A, B, and C are attached.
J'awyers Title Insnrttttce
Corporation
05/26/2004 12:43 7138880998
v.r�ayiva ie:xa r� _ _ LLYM rte_
PAGE 14/24
05/26/2004 12 :43 71388Pg998 PAGE 15/24
nn. oina ie - ort rk: t.dwkwe ,.--
05/26/2004 12:43 71388Rg998 PAGE 16/24
T � - ZA)i/-U4 .JO Q EM
LAWM9 TITLE
05/26/2004 12:43 71388P"998
.
PAGE 17/24
-aI Awf.m lV,Al rw iyxb bi rjrxl t 16905
05/26/2004 12:43 7138880Q98 PAGE 18/24
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tiicrheresote4a•tieee pia te4` id; ttrld to 1l d plat of said oubdi._ ;
%� ; i5.ide �1ad tot? rraotd tp Yhe' olikd o r t;�■;ek of �sres Cmnty, Toms rl
}ee 944Aeidg fe ase:bo Qud bass " 'eui r PUS r -
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de
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.._ S79eepC tholrir d■ ■ilmoLted ipe.)p tlrj , &I' 4nita es far bu.lnau p p
No bullpA �li b.;.0 dl atiere" nr e■td.
�.,i, Ids rd dr:9I�e4W i<� p�arp'Ittod on my raatd..oAt s
f : �1sil4: as ae.Miaaad ram - storlop 171
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t `■u im`►?lst• ., . i • r� -%N:r ot'spaee. r 1n {rdaao
"� t . , ` tea, :. fir s out<o eo. sbhti !•,hd -loved
• r e°4 on & 1 °--
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is ••r .� ;'�,•4"i tF•r r'' ; ,.r ':y3s,,:J";; r{, ,_- � , ..
. r, y y No bdildieg thsti be tirn • PM or 14tor■d on awp Lot uatiL the
coafCLlt�'.�t■dy}i1Dfa;and, spa deed ■7id.��!!Le iilidrla�g * t■etit'1M1 01 d�■
bLM° 'dPP d* �J► iQdbra ts4fraLGenuol.Commituta,aMto
`JY:.i,'R�1 pf iieslmlaesLtp '>n4:>slxte�Hal"t:• i i�jp�l - r ddv*,4 k 6*&rjiil deitgn with ■Xir '
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PAGE 19/24
05/26/2004 12:43 7138OP0998
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kind AMU tma
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7
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apfn porubt ackausted,purwhirC
In th4 par&jrLphff1
1 7th3rOtlah ;13 jel%Z-Aeld
d to ile fm ?biddenca or m tend
_,hap 120a Mquare feet,
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14H 44UAVB rent.
14 4; through 10 zeastriew'd t .#Asmfoc 0 mao of not leng then
"A "
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PAGE 20/24
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05/26/2004 12:43 713888"''98
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PAGE 21/24
05/26/2004 12:43 71388P
1 00,/19/04 -.10;28 FA, IAWM3 TITLE
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for 611 ap hab;P&I gL# 4;bw.pqrsindw jvun any lot.
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2. Vdaircum■nt ■toLIL DO by prdll;dirikd U I*LW or 11% fiqUIEX PLRAWAt any
jarzond ylk t* an."aft ting air sainapdair ta ;Iblati hOr•eovon1Lv5es1l%4r t
.2simrskin or to rsdm."
P COUrt order
i6u AS ld d 011.4ikAr. 6i4-.OIVAM aW.j1Wh,vqvn&In In wall
-9.. Rimmomb i�u iF#i&. 'COLM461
tb% ZjIC*XLJQPjA=4T M STATION grampp
Cavubp • -.T*30&*, 'u—nar of AIMMIAGIVP Tgkll.� CZ. T tISTAI.J.&INXT, Joined,.
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pr
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reifficuoull.. VISN"Dip -ana Dmd*6 TzPAAcic, rmsT jy•Au.•
MSJNT% azd•AL and avety t It Im Or parcel bF 'And there(". and
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age . at . wnjis,
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PAGE 22/24
05/26/2004 12:43 71388''998 PAGE 23/24
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