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Ravenaux Village (Lots 1R1, 1R2, 1R3, 1R4, Block B) - Permanent Drainage Easement CITY Or SOUTH LAKE _ Public Works Administration - y am May 22, 2013 Certified Mail, Return Receipt Requested # 7012 1640 0000 6722 4312 Mr. Mark Womble Countryside Court, LLC 101 Countryside Ct. Southlake, TX 76092 Subject: 101 Countryside Ct., Southlake, Texas 76092 — Parcel 31 Permanent Drainage Easements Dear Mr. Womble: In accordance with the Texas Landowner's Bill of Rights, prescribed by the Texas Legislature in Texas Government Code Section 402.031 and Chapter 21 of the Texas Property Code, the City of Southlake commissioned Goodrich, Schechter & Associates of Fort Worth, Texas to appraise the market value of 768 square feet (0.0176 acre) of land that the City proposes to acquire as permanent drainage easements. A copy of the appraisal is enclosed. The City of Southlake is proposing to widen North White Chapel Boulevard from Highland Street to SH114 to improve traffic flow as part of the City's Capital Improvement Program. In order to accomplish this, it is necessary to construct a portion of the proposed improvements adjacent to your property at 101 Countryside Court. The City of Southlake is requesting permanent drainage easements at this location to allow for the construction of drainage improvements and City access for future construction or maintenance and repair. The City of Southlake is prepared to offer nine thousand nine hundred dollars ($9,900) as compensation for the proposed easement acquisition, which is fair market value of the parcel as determined by said appraisal. I have enclosed the easement documents for your review, along with a copy of the Texas Landowner's Bill of Rights, prescribed by the Texas Legislature in Texas Government Code Section 402.031 and Chapter 21 of the Texas Property Code. If you are agreeable to the request, please sign the offer letter and return it to the City of Southlake in the attached envelope and I will initiate the closing process. We do request that counter offers be accompanied by a supporting certified appraisal. Innovation 0 Integrity 0 Accountability 0 Commitment to Excellence 0 Teamwork N. White Chapel Widening from Highland St. to SH114 Page 2 of 2 Time is of the essence for this vital transportation improvement project, therefore we are asking for a response to our offer within 14 days. Time will be allotted in the Right -of -Way acquisition process for you to obtain an appraisal to support a counter offer, however, please provide the City an executed agreement with a certified appraiser for our files. The City of Southlake commissioned Mr. Jerry Hodge at Hodge & Associates to help facilitate the right of way acquisition process. We hope you will give this offer serious consideration. If you have any questions, or wish to discuss this matter or the City's offer in more detail, please do not hesitate to contact Mr. Jerry Hodge of Hodge & Associates at (817) 991 -3161 or j erryh64 @verizon.net. Sincerely, Steven D. Anderson, P.E., CFM Civil Engineer cc: File Cheryl Taylor, P.E., CFM, City Engineer Attachments: Landowner Bill of Rights ROW Documents Copy of Appraisal performed by Goodrich & Schechter & Associates, LLC EXECUTED this J/ day of , ,2013 1 SELLER: Cou • ,, e Court, LUC B , . /f .. /, /i_ /• I / !, i / / , 4, rf �� 101 'ountryside C / Southlake, TX 76092 CITY OF SOUTHLAKE Public Works Administration May 22, 2013 Certified Mail, Return Receipt Requested # 7012 1640 0000 6722 4312 Mr. Mark Womble Countryside Court, LLC 101 Countryside Ct. Southlake, TX 76092 Subject 101 Countryside Ct., Southlake, Texas 76092 — Parcel 31 Permanent Drainage Easements Dear Mr. Womble: In accordance with the Texas Landowner's Bill of Rights, prescribed by the Texas Legislature in Texas Government Code Section 402.031 and Chapter 21 of the Texas Property Code, the City of Southlake commissioned Goodrich, Schechter & Associates of Fort Worth, Texas to appraise the market value of 768 square feet (0.0176 acre) of land that the City proposes to acquire as permanent drainage easements. A copy of the appraisal is enclosed. The City of Southlake is proposing to widen North White Chapel Boulevard from Highland Street to SH114 to improve traffic flow as part of the City's Capital Improvement Program. In order to accomplish this, it is necessary to construct a portion of the proposed improvements adjacent to your property at 101 Countryside Court. The City of Southlake is requesting permanent drainage easements at this location to allow for the construction of drainage improvements and City access for future construction or maintenance and repair. The City of Southlake is prepared to offer nine thousand nine hundred dollars ($9,900) as compensation for the proposed easement acquisition, which is fair market value of the parcel as determined by said appraisal. I have enclosed the easement documents for your review, along with a copy of the Texas Landowner's Bill of Rights, prescribed by the Texas Legislature in Texas Government Code Section 402.031 and Chapter 21 of the Texas Property Code. If you are agreeable to the request, please sign the offer letter and return it to the City of Southlake in the attached envelope and I will initiate the closing process. We do- request that counter offers be accompanied by a supporting certified appraisal. Innovation 0 Integrity 0 Accountability 0 Commitment to Excellence 0 Teamwork N. White Chapel Widening from Highland St. to SH114 Page 2 of 2 Time is of the essence for this vital transportation improvement project, therefore we are asking for a response to our offer within 14 days. Time will be allotted in the Right -of -Way acquisition process for you to obtain an appraisal to support a counter offer, however, please provide the City an executed agreement with a certified appraiser for our files. The City of Southlake commissioned Mr. Jerry Hodge at Hodge & Associates to help facilitate the right of way acquisition process. We hope you will give this offer serious consideration. If you have any questions, or wish to discuss this matter or the City's offer in more detail, please do not hesitate to contact Mr. Jerry Hodge of Hodge & Associates at (817) 991 -3161 or jerryh64 @verizon.net. Sincerely, &-- D,id// Steven D. Anderson, P.E., CFM Civil Engineer cc: File Cheryl Taylor, P.E., CFM, City Engineer Attachments: Landowner Bill of Rights ROW Documents Copy of Appraisal performed by Goodrich & Schechter & Associates, LLC EXECUTED this 1ji day of , ,2013 1 SELLER: e Cou t .. , e C LLC B, —J /i _ /. A / � t !, / Ill r 101 eisuntryside / Southlake, TX 76092 THE FOLLOWING COMMITMENT FOR TITLE INSURANCE IS NOT VALID UNLESS YOUR NAME AND THE POLICY AMOUNT ARE SHOWN IN SCHEDULE A, AND OUR AUTHORIZED REPRESENTATIVE HAS COUNTERSIGNED BELOW. COMMITMENT FOR TITLE INSURANCE Issued by stewart ►title guaranty company We, STEWART TITLE GUARANTY COMPANY, 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 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. In witness whereof, the Company has caused this commitment to be signed and sealed 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. Countersigned by: /(' 4 � / r, Auth • ized Countersignature Senior Chairman of t e Board Company . Capital Title of Texas (_[ C Chairman of the Board 100 S. Village Center Drive City, State Southlake, Texas 76092 President • CONDITIONS AND STIPULATIONS 1. 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 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 Toss 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. All notices required to be given the Company and any statement in writing required to be furnished the Company shall be addressed to it at P.O. Box 2029, Houston, Texas 77252. ste •title guaranty company COMMITMENT FOR TITLE INSURANCE Issued By Stewart Title Guaranty Company SCHEDULE A Effective Date: October 20, 2013, 8:00 am GF No. 13- 159295 -SB Commitment No. , issued November 1, 2013, 8:00 am 1. The policy or policies to be issued are: (a) OWNER'S POLICY OF TITLE INSURANCE (Form T -1) (Not applicable for improved one -to -four family residential real estate) Policy Amount: $9,900.00 PROPOSED INSURED: City of Southlake (b) TEXAS RESIDENTIAL OWNER'S POLICY OF TITLE INSURANCE - ONE -TO -FOUR FAMILY RESIDENCES (Form T -1R) Policy Amount: PROPOSED INSURED: (c) LOAN POLICY OF TITLE INSURANCE (Form T -2) Policy Amount: PROPOSED INSURED: Proposed Borrower: (d) TEXAS SHORT FORM RESIDENTIAL LOAN POLICY OF TITLE INSURANCE (Form T -2R) Policy Amount: PROPOSED INSURED: Proposed Borrower: (e) LOAN TITLE POLICY BINDER ON INTERIM CONSTRUCTION LOAN (Form T -13) Binder Amount: PROPOSED INSURED: Proposed Borrower: (f) OTHER Policy Amount: PROPOSED INSURED: 2. The interest in the land covered by this Commitment is: Easement 3. Record title to the land on the Effective Date appears to be vested in: Countryside Court, LLC 4. Legal description of the land: TRACT 1 BEING a 0.0170 acre tract of land situated in the Thomas M. Hood Survey, Abstract No. 706, in the City of Southlake, Tarrant County, Texas, and being a portion of Lot 1R4 of Lots 1R1, 1R2, 1R3, and 1R4, Block B, Ravenaux Village, as depicted in the Declaration of Covenants, Restrictions and Easements recorded in Instrument Number D209215061 of the Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), said Lot 1R4 being all of that certain tract of land conveyed to Countryside Court, LLC according to the Special Warranty Deed with Vendors Lien (Assumption) as recorded in Instrument No. D211049898, O.P.R.T.C.T., and being more particularly described by metes and bounds as follows: COMMENCING at a 1/2" iron rod found for the southeast corner of Lot 1R3 of Lots 1R1, 1R2, 1R3, and 1R4, Block B, of said Ravenaux Village, also being the northeast corner of Lot 13 -R1 of Lots 13R -1, 13R -2, 13R -3, 13R -4 and 13R -5 T.M. Hood #706 Addition, on addition to the City of Southlake, Texas according to the plat thereof recorded in Cabinet A, Slide 10509 of the Plat Records of Tarrant County, Texas and being in the west right -of -way line of N. White Chapel Boulevard (variable width right -of -way), from whence on "X" cut found in concrete bears S 00° 41' 30" E (plat -S 00° 01' 41" W), 150.51feet for the southeast corner of said Lot 13 -R1; THENCE N 00° 41' 30" W (plat -S 00° 43' 58" E), with said west right -of -way line of N. White Chapel Boulevard and FORM T -7: Conunitment for Title Insurance Page 1 Continuation of Schedule A GF No. 13- 159295 -SB the east line of said Lot 1R3, passing at a distance of 67.50 feet the most easterly northeast corner of said Lot 1R3, same being the southeast corner of the aforementioned Lot 1R4, continuing with the said west right -of -way line of N. White Chapel Boulevard and the east line of said Lot 1R4 to the northeast corner of a Variable Width Drainage and Utility Easement as depicted in said Declaration of Covenants, Restrictions and Easements, a total distance of 186.28 feet to the POINT OF BEGINNING; THENCE S 61° 58' 48" W, departing the east line of said Lot 1R4 and the west right -of -way line of said N. White Chapel Boulevard, and with the northwesterly line of said Variable Width Drainage and Utility Easement, 14.80 feet; THENCE S 31° 22' 19" W, with the northwesterly line of said Variable Width Drainage and Utility Easement, 43.86 feet; THENCE N 00° 43' 43" W, departing the northwesterly line of said Variable Width Drainage and Utility Easement, 23.91feet; THENCE N 37° 46' 59" E, 58.56 feet to the west right -of -way line of said N. White Chapel Boulevard and the east line of said Lot 1R4; THENCE S 00° 43' 21" E (plat -S 00° 43' 58" E), with the west right -of -way line of said N. White Chapel Boulevard and the east line of said Lot 1R4, 25.79 feet to the POINT OF BEGINNING and containing 0.0170 acres or 741 square feet of land, more or less. TRACT 2 BEING a 0.0006 acre tract of land situated in the Thomas M. Hood Survey, Abstract No. 706, in the City of Southlake, Tarrant County, Texas, and being a portion of Lot 1R4 of Lots 1R1, 1122, 1R3, and 1R4, Block B, Ravenaux Village, as depicted in the Declaration of Covenants, Restrictions and Easements recorded in Instrument Number D209215061 of the Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), said Lot 1R4 being all of that certain tract of land conveyed to Countryside Court, LLC according to the Special Warranty Deed with Vendors Lien (Assumption) as recorded in Instrument No. D211049898, O.P.R.T.C.T., and being more particularly described by metes and bounds as follows; COMMENCING at a 1/2" iron rod found for the southeast corner of Lot 1R3 of Lots 1R1, 1R2, 1123, and 1R4, Block B, of said Ravenaux Village, also being the northeast corner of Lot 13 -111 of Lots 13R -1, 13R -2, 13R -3, 13R -4 and 13R- 5 T.M. Hood #706 Addition, an addition to the City of Southlake, Texas according to the plat thereof recorded in Cabinet A, Slide 10509 of the Plat Records of Tarrant County, Texas and being in the west right -of -way line of N. White Chapel Boulevardvariable width right -of -way), from whence an "x" cut found in concrete bears S 00° 41' 30" E (plat -S 00° 01' 41" W), 150.51 feet for the southeast corner of said Lot 13 -R1; THENCE N 00° 41' 30" W (plat -S 00° 43' 58" E), with said west right -of -way line of N. White Chapel Boulevard and the east line of said Lot 1123, passing at a distance of 67.50 feet the most easterly northeast corner of said Lot 1R3, same being the southeast corner of the aforementioned Lot 1R4, continuing with the said west right -of -way line of N. White Chapel Boulevard and the east line of said Lot 1R4 to the northeast corner of a Variable Width Drainage and Utility Easement as depicted in said Declaration of Covenants, Restrictions and Easements, a total distance of 186.28 feet; THENCE S 61° 58' 48" W, departing the east line of said Lot 1R4 and the west right -of -way line of said N. White Chapel Boulevard, and with the northwesterly line of said Variable Width Drainage and Utility Easement, 14.80 feet; THENCE S 31° 22' 19" W, with the northwesterly line of said Variable Width Drainage and Utility Easement, 43.86 feet; THENCE S 00° 43' 21" E, with the northwesterly line of said Variable Width Drainage and Utility Easement, 3.83 feet FORM T -7: Commitment for Title Insurance Page 2 Continuation of Schedule A GF No. 13- 159295 -SB to the POINT OF BEGINNING; THENCE S 53° 43' 12" E, with the northwesterly line of said Variable Width Drainage and Utility Easement, 6.36 feet; THENCE S 36° 16' 48" W, with the northwesterly line of said Variable Width Drainage and Utility Easement, 8.44 feet; THENCE N 00° 43' 21" W, departing the northwesterly line of said Variable Width Drainage and Utility Easement, 10.57 feet to the POINT OF BEGINNING and containing 0.0006 acres or 27 square feet of land, more or less. NOTE: The Company is prohibited from insuring the area or quantity of the land described herein. Any statement in the legal description contained in Schedule "A" as to area or quantity of land is not a representation that such area or quantity is correct, but is made only for informal identification purposes and does not override Item 2 of Schedule "B" hereof. FORM T -7: Commitment for Title Insurance Page 3 COMMITMENT FOR TITLE INSURANCE Issued By Stewart Title Guaranty Company SCHEDULE B EXCEPTIONS FROM COVERAGE In addition to the Exclusions and Conditions and Stipulations, your Policy will not cover loss, costs, attorneys' fees, and expenses resulting from: 1. The following restrictive covenants of record itemized below (We must either insert specific recording data or delete this exception): Those restrictive covenants recorded in CC #D209215061, Plat Records, Tarrant County, Texas, but omitting any covenant, condition or restriction, if any, based on race, color, religion, sex, handicap, familial status, or national origin unless and only to the extent that the covenant, condition or restriction (a) is exempt under Title 42 of the United States Code, or (b) relates to handicap, but does not discriminate against handicapped persons. 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's Policy only.) 4. Any titles or rights asserted by anyone, including, but not limited to, persons, the public, corporations, governments or other entities, a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or b. to lands beyond the line of harbor or bulkhead lines as established or changed by any government, or c. to filled -in lands, or artificial islands, or d. to statutory water rights, including riparian rights, or e. to the area extending from the line of mean low tide to the line of vegetation, or the rights of access to that area or easement along and across that area. (Applies to the Owner's Policy only.) 5. Standby fees, taxes and assessments by any taxing authority for the year 2013, and subsequent years; and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership, but not those taxes or assessments for prior years because of an exemption granted to a previous owner of the property under Section 11.13, Texas Tax Code, or because of improvements not assessed for a previous tax year. (If Texas Short Form Residential Loan Policy (T -2R) is issued, that policy will substitute "which become due and payable subsequent to Date of Policy" in lieu of "for the year and subsequent years. ") 6. The terms and conditions of the documents creating your interest in the land. 7. Materials furnished or labor performed in connection with planned construction before signing and delivering the lien document described in Schedule A, if the land is part of the homestead of the owner. (Applies to the Loan Title Policy Binder on Interim Construction Loan only, and may be deleted if satisfactory evidence is furnished to us before a binder is issued.) 8. Liens and leases that affect the title to the land, but that are subordinate to the lien of the insured mortgage. (Applies to Loan FORM T -7: Commitment for Title Insurance Page 4 Continuation of Schedule B GF No. 13- 159295 -SB Policy (T -2) only.) 9. The Exceptions from Coverage and Express Insurance in Schedule B of the Texas Short Form Residential Loan Policy (T- 2R). (Applies to Texas Short Form Residential Loan Policy (T -2R) only. Separate exceptions 1 through 8 of this Schedule B do not apply to the Texas Short Form Residential Loan Policy (T -2R). 10. The following matters and all terms of the documents creating or offering evidence of the matters (We must insert matters or delete this exception.): a. All leases, grants, exceptions or reservations of coal, lignite, oil, gas and other minerals, together with all rights, privileges and immunities relating thereto, appearing in the Public Records whether listed in Schedule B or not. There may be leases, grants, exceptions or reservations of mineral interest that are not listed. b. All visible and apparent easements or uses and all underground easements or uses, the existence of which may arise by unrecorded grant or by use. c. Rights of parties in possession. d. Rights of tenants, as tenants only, under unrecorded leases or rental agreements. e. Rights of the public, the State of Texas and the municipality in and to that portion of subject property, if any, lying within the boundaries of any roadway, public or private. f. Airport Zoning Ordinance No. 71 -100 for -Fort Worth International Airport recorded in 7349/1106, Real Property Records, Tarrant County, Texas. g. Easement created in instrument executed by Countryside White Chapel LP to City of Southlake, dated March 31, 2011, filed April 6, 2011, recorded in CC #D211080437, Real Property Records, Tarrant County, Texas. h. Easement created in instrument executed by K. Wayne Lee to City of Southlake, dated November 5, 2001, filed January 24, 2002, recorded in Volume 15423, Page 328, Real Property Records, Tarrant County, Texas, and as shown on plat recorded in CC #D209215061, Plat Records, Tarrant County, Texas. i. Mineral Deed recorded in CC #D208427783; D209215632, Real Property Records, Tarrant County, Texas. The Company makes no representation as to the present ownership of this interest. j. The terms, provisions, easements, covenants, restrictions and lien for assessments as shown in Restrictions recorded in CC #D209215061, Real Property Records, Tarrant County, Texas; when taken with all Amendments and/or Supplements thereto. Said lien is subordinate to any purchase money lien or the renewal and extension thereof. k. The following easement(s) and/or building line(s) affecting the subject property as shown on Map or Plat recorded in CC #D209215061, Map or Plat Records, Tarrant County, Texas: 30 foot building line along the North and East property line. 5 foot utility easement along the South property line(s). FORM T -7: Commitment for Title Insurance Page 5 Continuation of Schedule B GF No. 13- 159295 -SB 2.5 foot utility easement along the West property line(s). 10 foot water line easement along the North property line(s). Sight triangles easement located in the Northeast corner of subject property. FORM T -7: Commitment for Title Insurance Page 6 COMMITMENT FOR TITLE INSURANCE Issued By Stewart Title Guaranty Company SCHEDULE C Your Policy will not cover loss, costs, attorneys' fees, and expenses resulting from the following requirements that will appear as Exceptions in Schedule B of the Policy, unless you dispose of these matters to our satisfaction, before the date the Policy is issued: 1. Documents creating your title or interest must be approved by us and must be signed, notarized and filed for record. 2. Satisfactory evidence must be provided that: a. no person occupying the land claims any interest in that land against the persons named in paragraph 3 of Schedule b. all standby fees, taxes, 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 contractors, subcontractors, laborers and suppliers have been fully paid, and that no mechanic's, laborer's or materialmen's liens have attached to the property, d. there is legal right of access to and from the land, e. (on a Loan 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. Intentionally Deleted. 6. Intentionally Deleted. 7. Mechanic's Lien Contract executed by Mark A. Womble, as owner(s) and Countryside White Chapel LP, as contractor(s), securing a note in the sum of $600,000.00, payable to Countryside White Chapel LP, dated April 28, 2010, filed September 29, 2010, recorded in CC #D210239659, Real Property Records, Tarrant County, Texas; assigned to First Financial Bank; and additionally secured by Deed of Trust and Assignment of Contractor's Lien. Being modified and/or extended by instrument dated October 29, 2010, filed June 22, 2011, recorded in CC #D211147845, Real Property Records, Tarrant County, Texas. 8. Deed of Trust from Mark A. Womble to Mark Jones, Trustee, for the benefit of First Financial Bank, N.A., securing a note in the original principal sum of $75,000.00, dated October 29, 2010, filed November 4, 2010, recorded in CC #D210274394, Real Property Records, Tarrant County, Texas. Being modified and/or extended by instrument dated December 28, 2010, filed June 22, 2011, recorded in CC #D211147846, Real Property Records, Tarrant County, Texas. 9. Company requires submission of a copy of the Articles of Organization, and all amendments and supplements thereto, together with proof of registration with the State, and compliance therewith as to person(s) authorized to act on behalf of Countryside Court, LLC. 10. Declaration requires payment of assessments to Homeowner's Association or a continuing lien may exist against subject FORM T -7: Commitment for Title Insurance Page 7 Continuation of Schedule C GF No. 13- 159295 -SB property. Company requires verification that all assessments are paid current to the date of closing. NOTE: Closer to satisfy company that no liens for unpaid Homeowner's Assessment(s) remain that would be superior to any new Home Equity Lien Deed of Trust. 11. The following note is for informational purposes only: The following deed(s) affecting said land were recorded within the last 24 months of the date of the commitment: CC #D211049898 NOTICE: The title insurance policy being issued to you contains an arbitration provision. It allows you or the company to require arbitration if the amount of insurance is $2,000,000.00, or less. If you 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 purchaser in the transaction and elect deletion of the arbitration provision, a form will be presented to you at closing for execution. If you are the lender in the transaction and desire deletion of the Arbitration provision, please inform us through your Loan Closing Instructions. (APPLIES TO T -1 AND T -2 POLICIES ONLY) Countersigned Capital Title of Texas, LLC - Southlake Boulevard By Authorized Signatory FORM T -7: Commitment for Title Insurance Page 8 COMMITMENT FOR TITLE INSURANCE SCHEDULE D GF No. 13- 159295 -SB Effective Date: October 20, 2013, 8:00 am Pursuant to the requirements of Rule P -21, Basic Manual of Rules, Rates and Forms for the writing of Title Insurance in the State of Texas, the following disclosures are made: 1. The following individuals are directors and/or officers, as indicated, of the Title Insurance Company issuing this Commitment Stewart Title Guaranty Company Shareholders owning, controlling or holding, either personally or beneficially, 10% or more of the shares of Stewart Title Guaranty Company as of the last day of the year preceding the date herein above set forth are as follows: Stewart Information Services Corporation - 100% The members of the Board of Directors of Stewart Title Guaranty Company as of the last day of the year preceding the date hereinabove set forth are as follows: Bruce Belin, Malcolm Morris, Charles F. Howard, Michael B. Skalka, Matthew Morris, Stewart Morris, Stewart Morris Jr. The ten designated officers of Stewart Title Guaranty Company as of the last day of the year preceding the date hereinabove set forth are as follows: Stewart Morris, Jr., Senior Chairman of the Board & Assistant Secretary, Malcolm Morris, Chairman of the Board, Chief Executive Officer & Assistant Secretary, Michael B. Skalka, President and Director of Global Underwriting Services, Matthew Morris, Senior Executive Vice President, J. Allen Berryman, Executive Vice President, Chief Financial Officer and Assistant Secretary- Treasurer, George Houghton, Executive Vice President - Agency Services, John L. Killea, Executive Vice President - General Counsel, Paul Sands, Executive Vice President - National Title Services Director, Mark Winter, Executive Vice President - Public Policy, Richard Black, Senior Vice President - Underwriting Counsel. 2. The issuing Title Insurance Agent, Capital Title of Texas, LLC, is a limited liability corporation whose shareholders owning or controlling one (1 %) percent of said corporation, directors, and officers are listed below: Shareholders: Title Acquisition Associates LLC - 95% Shaddock American Title - 5% Directors: William C. Shaddock Officers: William C. Shaddock, President and CEO; Laura Dawn Neill, Vice President- Agency; Tracy Robirds - McMahon, Vice President- Operations; Jason Schnell, Vice President- Chief Information Officer; Tracy Monts - Curtis, Vice President - Residential Business Development; Russell Conner, Vice President- Plant Manager and Chief Compliance Officer; Patrick McMillan, Vice President- Chief Financial Officer. 3. You are entitled to receive advance disclosure of settlement charges in connection with the proposed transaction to which this commitment relates. Upon your request, such disclosure will be made to you. Additionally, the name of any person, firm or corporation receiving a portion of the premium from the settlement of this transaction will be disclosed on the closing or settlement statement. You are further advised that the estimated title premium' is: Owner's Policy $238.00 Loan Policy $0.00 Endorsement Charges $0.00 Other $0.00 Total $238.00 FORM T -7: Commitment for Title Insurance Page 9 Continuation of Schedule D GF No. 13- 159295 -SB Of this total amount: 15% will be paid to the policy issuing Title Insurance Company: 85% will be retained by the issuing Title Insurance Agent; and the remainder of the estimated premium will be paid to other parties as follows: Amount To Whom For Services " The estimated premium is based upon information furnished to us as of the date of this Commitment for Title Insurance. Final determination of the amount of the premium will be made at closing in accordance with the Rules and Regulations adopted by the Commissioner of Insurance." FORM T -7: Commitment for Title Insurance Page 10 TEXAS TITLE INSURANCE INFORMATION Title insurance insures you against loss resulting from certain risks El seguro de titulo le asegura en relacion a perdidas resultantes de to your title. ciertos riesgos que pueden afectar el titulo de su propriedad. The commitment for Title Insurance is the title insurance company's El Compromiso para Seguro de Titulo es la promesa de la compania promise to issue the title insurance policy. The commitment is a aseguradora de titulos de emitir la poliza de seguro de titulo. El legal document. You should review it carefully to completely Compromiso es un documento legal. Usted debe leerlo understand it before your closing date. cuidadosamente y endenterlo complemente antes de la fecha para fmalizar su transaccion. Your Commitment of 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. Part 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 are stated in the Policy as Exclusions. These risks will not be covered by the Policy. The Policy is not an abstract of title nor does a Company have an obligation to determine the ownership of any mineral interest. - -- MINERALS AND MINERAL RIGHTS may not be covered by the Policy. The Company may be unwilling to insure title unless there is an exclusion or an exception as to Minerals and Mineral Rights in the Policy. Optional endorsements insuring certain risks involving minerals, and the use of improvements (excluding lawns, shrubbery and trees) and permanent buildings may be available for purchase. If the title insurer issues the title policy with an exclusion or exception to the minerals and mineral rights, neither this Policy, nor the optional endorsements, ensure that the purchaser has title to the mineral rights related to the surface estate. Another part of the determination involves whether the promise to insure is conditioned upon certain requirements being met. Schedule C of the Commitment lists these requirements that must be satisfied or the Company will refuse to cover them. You may want to discuss any matters shown in Schedules B and C of the Commitment with an attomey. 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 are title risks that a Policy generally covers but does not cover in a particular instance. Exceptions 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 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 you 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 Conditions are not the same as the Commitment Conditions. You can get a copy of the policy form approved by the Texas Department of Insurance by calling the Title Insurance Company at (800) 729 -1900 or by calling the title insurance agent that issued the Commitment. The Texas Department 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 and comply with other requirements of the Company. On the Owner's Policy, you must pay an additional premium for the amendment. If the survey is acceptable to the Company and if the Company's other requirements are met, your Policy will insure you against loss because of discrepancies or conflicts in boundary lines, encroachments or protrusions, or overlapping of improvements. The Company may then decide not to insure against specific boundary or survey problems by making special exceptions in the Policy. Whether or not you request amendment of the "area and boundary" exception, you should determine whether you want to purchase and review a survey if a survey is not being provided to you. -- -Allow the Company to add an exception to "rights of parties in possession." If you refuse this exception, the Company or the title insurance agent may inspect the property. The Company may except to and not insure you against the rights of specific persons, such as renters, adverse owners or easement 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 your Policy. The entire premium for a Policy must be paid when the Policy is issued. You will not owe any additional premiums unless you want to increase your coverage at a later date and the Company agrees to add an Increased Value Endorsement. FORM T -7: Commitment for Title Insurance Page 11 DELETION OF ARBITRATION PROVISION (Not applicable to the Texas Residential Owner's 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, if you agree to arbitrate, you give up your right to take the Title Company 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 $2,000,000 or Less. If you 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. 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: "Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title Insurance Arbitration Rules of the American Land Title Association ( "Rules "). Except as provided in the Rules, there shall be no joinder or consolidation with claims or controversies of other persons. Arbitrable matters may include, but are not limited to, any controversy or claim between the Company and the Insured arising out of or relating to this policy, any service in connection with its issuance or the breach of a policy provision, or to any other controversy or claim arising out of the transaction giving rise to this policy. All arbitrable matters when the Amount of Insurance is $2,000,000 or less shall be arbitrated at the option of either the Company or the Insured, unless the Insured is an individual person (as distinguished from an Entity). All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall be arbitrated only when agreed to by both the Company and the Insured. Arbitration pursuant to this policy and under the Rules shall be binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction." SIGNATURE DATE FORM T -7: Commitment for Title Insurance Page 12 Stewart Title Guaranty Company Premium Amount Rate Rules Property County Liability at Type Code Reissue Rate 1 2 3 4 5 6 7 8 $238.00 1000 2 439 WHAT DOES Stewart Title Companies DO WITH YOUR PERSONAL INFORMATION? Federal and applicable state law and regulations give consumers the right to limit some but not all sharing. Federal and applicable state law regulations also require us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand how we use your personal information. This privacy notice is distributed on behalf of Stewart Title Guaranty Company, pursuant to Title V of the Gramm - Leach- Bliley Act (GLBA). The types of personal information we collect and share depend on the product or service that you have sought through us. This information can include social security numbers and driver's license number. All financial companies, such as Stewart Title Companies need to share customers' personal information to run their everyday business to process transactions and maintain customer accounts. In the section below, we list the reasons that we can share customers' personal information; the reasons that we choose to share; and whether you can limit this sharing. ^ �- s K � i 8� ,a. °" '� F ; a -:� For our everyday business purposes— to process your transactions and maintain your account. This may include running the business and managing customer Yes No accounts, such as processing transactions, mailing, and auditing services, and responding to court orders and legal investigations. For our marketing purposes— to offer our products and services to you. Yes No For joint marketing with other financial companies No We don't share For our affiliates' everyday business purposes — information about your transactions and experiences. Affiliates are companies related by common Yes No ownership or control. They can be fmancial and nonfinancial companies. For our affiliates' everyday business purposes — information about your No We don't share creditworthiness. For our affiliates to market to you Yes No For nonaffiliates to market to you. Nonaffiliates are companies not related by No We don't share common ownership or control. They can be financial and nonfinancial companies. We may disclose your personal information to our affiliates or to nonaffiliates as permitted by law. If you request a transaction with a nonaffiliate, such as a third party insurance company, we will disclose your personal information to that nonaffiliate. How often does Stewart Title Companies We must notify you about our sharing practices when you request a transaction. Notify me about their practices? How does Stewart Title Companies To protect your personal information from unauthorized access and use, we use security protect my personal information? measures that comply with federal and state law. These measures include computer, file, and building safeguards. How does Stewart Title Companies collect We collect your personal information, for example, when you my personal information? • request insurance- related services • provide such information to us We also collect your personal information from others, such as the real estate agent or lender involved in your transaction, credit reporting agencies, affiliates or other companies. What sharing can I limit? Although federal and state law give you the right to limit sharing (e.g., opt out) in certain instances, we do not share your personal information in those instances. If you have any questions about this privacy notice, please contact us at: Stewart Title Guaranty Company, 1980 Post Oak Blvd., Privacy Officer, Houston, Texas 77056 stewar •title guaranty company IMPORTANT INFORMATION AVISO IMPORTANTE FOR INFORMATION, OR PARA INFORMACION, 0 TO MAKE A COMPLAINT PARA SOMETER UNA QUEJA CALL OUR TOLL -FREE TELE- LLAME AL NUMERO GRATIS PHONE NUMBER 1- 800 - 729 -1902 1- 800 - 729 -1902 TAMBIEN ALSO PUEDE COMUNICARSE CON YOU MAY CONTACT EL DEPARTAMENTO DE SEGUROS THE TEXAS DEPARTMENT DE TEXAS AL OF INSURANCE AT 1- 800 - 252 -3439 1- 800 - 252 -3439 para obtener informacion sobre: to obtain information on: 1. como someter una queja en contra de 1. filing a complaint against an insurance una compania de seguros o agente de company or agent, seguros, 2. whether an insurance company or agent 2. si una compania de seguros o agente de is licensed, seguros tiene Iicencia, 3. complaints received against an insurance 3. quejas recibidas en contra de una company or agent. compania de seguros o agente de 4. policyholder rights, and seguros, 5. a list of consumer publications and 4. los derechos del asegurado, y services available through the 5. una lista de publicaciones y servicios Department. para consumidores disponibles a traves del Departamento. YOU MAY ALSO WRITE TO THE TEXAS DEPARTMENT OF TAMBIEN PUEDE ESCRIBIR AL INSURANCE DEPARTAMENTO DE SEGUROS DE P.O. BOX 149104 TEXAS AUSTIN, TEXAS 78714 -9104 P.O. BOX 149104 FAX NO. (512) 475 -1771 AUSTIN, TEXAS 78714 -9104 FAX NO. (512) 475 -1771 stewar •title guaranty company TEXAS TITLE INSURANCE (INFORMATION Title insurance insures you against loss resulting El seguro de titulo le asegura en relacion a perdidas from certain risks to your title. resultantes de ciertos 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 El Compromiso para Seguro de Titulo es la promesa insurance policy. The commitment is a legal de la compania aseguradora de titulos de emitir la document. You should review it carefully to poliza de seguro de titulo. El Compromiso es un completely understand it before your closing date. documento legal. Usted debe leerlo cuidadosamente y entenderlo completamente antes de la fecha para finalizar su transaccion. Your commitment 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 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. Part 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 are stated in the Policy as Exclusions. These risks will not be covered by the Policy. The Policy is not an abstract of title nor does a Company have an obligation to determine the ownership of any mineral interest. MINERALS AND MINERAL RIGHTS may not be covered by the Policy. The Company may be unwilling to insure title unless there is an exclusion or an exception as to Minerals and Mineral Rights in the Policy. Optional endorsements insuring certain risks involving minerals, and the use of improvements (excluding lawns, shrubbery and trees) and permanent buildings may be available for purchase. If the title insurer issues the title policy with an exclusion or exception to the minerals and mineral rights, neither this Policy, nor the optional endorsements, ensure that the purchaser has title to the mineral rights related to the surface estate. Another part of the determination involves whether the promise to insure is conditioned upon certain requirements being met. Schedule C of the Commitment lists these requirements that must be satisfied or the Company will refuse to cover them. You may want to discuss any matters shown in Schedules B and C of the Commitment with an attomey. 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 are title risks that a Policy generally covers but does not cover in a particular instance. Exceptions 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 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 Conditions are not the same as the Commitment Conditions. You can get a copy of the policy form approved by the Texas Department of Insurance by calling the Title Insurance Company at 1- 800 -729- 1902 or by calling the title insurance agent that issued the Commitment. The Texas Department 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 fumish a survey and comply with other requirements of the Company. On the Owner Policy, you must pay an additional premium for the amendment. If the survey is acceptable to the Company and if the Company's other requirements are met, your Policy will insure you against Toss because of discrepancies or conflicts in boundary lines, encroachments or protrusions, or overlapping of improvements. The Company may then decide not to insure against specific boundary or survey problems by making special exceptions in the Policy. Whether or not you request amendment of the "area and boundary" exception, you should determine whether you want to purchase and review a survey if a survey is not being provided to you. - Allow the Company to add an exception to "rights of parties in possession ". If you refuse this exception, the Company or the title insurance agent may inspect the property. The Company may except to and not insure you against the rights of specific persons, such as renters, adverse owners or easement 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 your Policy. The entire premium for a Policy must be paid when the Policy is issued. You will not owe any additional premiums unless you want to increase your coverage at a later date and the Company agrees to add an Increased Value Endorsement. FORM: Commitment for Title Insurance United Tax Services, Inc. flJ iJnited 2400 Dallas Parkway, Suite 560, Plano, TX 75093 TAX SERVICES, INC. Phone: 972-682-2716 Fax: 866 -553 -1073 Tax Certificate Property Information File#: 13- 159295 -SB Br SB Legal Description: Ravenaux Village Addition Blk B Lot 1R4 2013 Assessed Value Total Acreage: 0.6340 # of Parcel(s): 1 # of Jurisdiction(s): 3 Land: $220,936 Situs Address: 101 Countryside Court, Southlake TX 76092 Improvements $422,704 Mailing Address: 101 Countryside Ct, Southlake TX 76092 Total: $643,640 Assessed Owner(s): Countryside Court LLC Tax Summary Jurisdiction Exemptions TaxYr Base Tax Penalty Due Now Due 01/14 Due 01/14 Tarrant County None 2013 $4,128.29 $0.00 $4,128.29 $4,128.29 $4,128.29 Southlake None 2013 $2,973.62 $0.00 $2,973.62 $2,973.62 $2,973.62 Carroll ISD None 2013 $9.010.96 $0.00 $9,010.96 $9,010.96 $9,010.96 Total 2013 $16,112.87 $0.00 $16,112.87 $16,112.87 $16,112.87 Grand Total All $16,112.87 $0.00 $16,112.87 $16,112.87 $16,112.87 Payment Information for Tarrant County Payable to Tarrant County Tax Collector Phone: (817) 884 -1100 Next Due Date: 1/31/2014 Mail to: PO Box 961018 , Fort Worth, TX 76161 CAD # Parcel# Acreage TaxYr Tax Rate Base Tax Total Pd Penalty W/0 Exempt 33647B1R4 41484967 0.6340 2013 $0.6413970 $4,128.29 $0.00 $0.00 $4,128.29 Payment Information for Southlake Payable to Tarrant County Tax Collector Phone: (817) 884 -1100 Next Due Date: 1/31/2014 Mail to: PO Box 961018 , Fort Worth, TX 76161 CAD # Parcel# Acreage TaxYr Tax Rate Base Tax Total Pd Penalty W/0 Exempt 33647B1R4 41484967 0.6340 2013 $0.4620000 $2,973.62 $0.00 $0.00 52,973.62 Payment Information for Carroll ISD Payable to Tarrant County Tax Collector Phone: (817) 884 -1 100 Next Due Date: 1/31/2014 Mail to: PO Box 961018 , Fort Worth, TX 76161 CAD # Parcel# Acreage TaxYr Tax Rate Base Tax Total Pd Penalty W/0 Exempt 33647B1R4 41484967 0.6340 2013 $1.4000000 $9,010.96 $0.00 $0.00 59,010.96 Order Information Request Date: 3/27/2013 Request By: Armando Mendo Update Request: Request By: Date Completed: Update Completed: 10/31/2013 Billing and Fee Summary Charge Description Quantity Rate Total Amount Tax Cert Fee 1 $59.80 $59.80 Total Charges 1 $59.80 Mail payment to - United Tax Services, Inc., 2400 Dallas Parkway, Suite 560 1 Plano, TX 75093 287651 Page 1 of 1 Thursday, October 31, 2013 PURCHASER'S STATEMENT Date: November 5, 2013 GFNo: 13- 159295 -SB Sale From: Countryside Court LLC To: City of Southlake 101 Countryside et 1400 Main Street, Suite 320 Southlake, TX 76092 Southlake, TX 76092 Property: Ravenaux Village Addition, Block B, Lot 1R4, Tarrant County 101 Countryside Court Southlake, TX 76092 Purchase Price $9,900.00 Plus: Charges Filing Fees —_____ $60.00 Rel (2) S60.00 Record Drainage Easement to Capital Title of Texas - ______ ____._______ .$56.00 E- Recording to United eRecording. -- .-- _____ -- --_----------------------------- __ - - -- $27.00 Fees to Capital Title of Texas ___.__________._.._____$750.00 Escrow to Capital Title of Texas _______ ____________ __$750.00 Tax Certificate to United Tax Service, Inc..-----.--------------------- _-------------- _ -__ -- $59.80 Title Insurance -- .______ 5238.00 Single Issue __________.___._ S238.00 Guaranty Fee to Texas Title Insurance Guaranty Association .$2.00 Total Charges - ________ $1,192.80 Gross Amount Due By Purchaser .___._..$11,092.80 Less: Credits Total Credits $0.00 Balance Due by Purchaser___ $11,092.80 Purchaser understands the Closing or Escrow Agent has assembled this information representing the transaction from the best information available from other sources and cannot guarantee the accuracy thereof. The lender involved may be furnished a copy of this statement Purchaser understands that tax and insurance proration and reserves were based on figures for the preceding year or supplied by others or estimates for the current year, and in the event of any change for current year, all necessary adjustments must be made between Purchaser and Seller direct. The undersigned hereby authorizes Capital Title of Texas, LLC - Southlake Boulevardto make expenditure and disbursements as shown above and approves same for payment. The undersigned also acknowledges receipt of Loan Funds, if applicable, in the amount shown above and a receipt of a copy of this Statement Capital Title of Texas, LLC - Southlake Boulevard The City of Southlake By /_ nn rr ((P --)0e— Gayle Gi �. - stein By: I/�'��- Name: J61^a: C.Tev+re^l Title: INN 616V" Printed at: 11/05/2013 (02:27 pm) Compliments of Capital Title of Texas, LLC - Southlake Boulevard Page 1 of 11 Electro ically Recorded Tarrant County Offici I Public Records 11/14/2013 1 0:21 AM D213294028 C.tRI PGS 11 $56.00 87jc4! `�ph Capital True Mary Louise Gate OF SOUTHLAK$.,bmitter ERECORDING PARTNERS GF # 13- iS9a95-st,g5 DRAINAGE EASEMENT NETWORK THE STATE OF TEXAS § • COUNTY OF TARRANT § That COUNTRYSIDE COURT, LLC, GRANTOR herein, for and in consideration of the sum of Ten ($10.00) Dollars and other good and valuable consideration in hand paid by the CITY OF SOUTHLAKE, home rule municipal corporation of the County of Tarrant, State of Texas, GRANTEE herein, the receipt and sufficiency of which is hereby acknowledged and confessed, do hereby grant, sell and convey unto the said GRANTEE a permanent and perpetual easement for the purpose of installing, repairing, maintaining, altering, replacing, relocating, rebuilding, removing, and operating Drainage facilities in, into, upon, over, across, under and through all that land in Tarrant County, Texas described as follows, to -wit A .0170 ACRE/741 SQ. FT. Permanent Drainage Easement (DE1) as more particularly described in Exhibit "A" attached hereto and incorporated herein. A .0006 ACRE /27 SQ. FT. Permanent Drainage Easement (DE2) as more particularly described in Exhibit "A" attached hereto and incorporated herein together with the right of ingress and egress as necessary for such purposes. GRANTOR covenants and agrees that GRANTOR and GRANTOR'S heirs, representatives, successors and assigns shall at no time erect, place or construct, or cause to be erected, placed or constructed in, into, upon, over, across or under any easements granted herein any temporary or permanent structures, and it is further agreed that GRANTEE shall have the right to excavate and fill upon said permanent easement and to remove from said permanent easement, any fences, buildings or other obstructions as may now be found upon said permanent easement It is further intended that the Permanent Drainage Easement herein granted to the GRANTEE shall run with the land and forever be a right in and to the land belonging to GRANTOR, and GRANTORS successors and assigns, and said grant is expressly excepted from any right of reversion of said premises under any prior deeds in GRANTOR's chain of title. The Permanent Drainage Easement, rights and privileges granted therein are exclusive, and GRANTOR covenants that it will not convey any • • Capital Title CITY OF SOUTHLAKE GF #13.1596 5 SbsS DRAINAGE EASEMENT THE STATE OF TEXAS § COUNTY OF TARRANT § That COUNTRYSIDE COURT, LLC, GRANTOR herein, for and in consideration of the sum of Ten ($10.00) Dollars and other good and valuable consideration in hand paid by the CITY OF SOUTHLAKE, home rule municipal corporation of the County of Tarrant, State of Texas, GRANTEE herein, the receipt and sufficiency of which is hereby acknowledged and confessed, do hereby grant, sell and convey unto the said GRANTEE a permanent and perpetual easement for the purpose of installing, repairing, maintaining, altering, replacing, relocating, rebuilding, removing, and operating Drainage facilities in, into, upon, over, across, under and through all that land in Tarrant County, Texas described as follows, to -wit: A .0170 ACRE /741 SQ. FT. Permanent Drainage Easement (DE1) as more particularly described in Exhibit "A" attached hereto and incorporated herein. A .0006 ACRE /27 SQ. FT. Permanent Drainage Easement (DE2) as more particularly described in Exhibit "A" attached hereto and incorporated herein together with the right of ingress and egress as necessary for such purposes. GRANTOR covenants and agrees that GRANTOR and GRANTOR's heirs, representatives, successors and assigns shall at no time erect, place or construct, or cause to be erected, placed or constructed in, into, upon, over, across or under any easements granted herein any temporary or permanent structures, and it is further agreed that GRANTEE shall have the right to excavate and fill upon said permanent easement and to remove from said permanent easement, any fences, buildings or other obstructions as may now be found upon said permanent easement. It is further intended that the Permanent Drainage Easement herein granted to the GRANTEE shall run with the land and forever be a right in and to the land belonging to GRANTOR, and GRANTOR'S successors and assigns, and said grant is expressly excepted from any right of reversion of said premises under any prior deeds in GRANTOR's chain of title. The Permanent Drainage Easement, rights and privileges granted therein are exclusive, and GRANTOR covenants that it will not convey any 0 other easement or conflicting rights within the area covered by the grant to any other person. 4 4,p___ IN WITNESS WHEREOF, this instrument is executed this day of 2013. unt '* • , of LLC i BY rt - .-d/1... i A t .Th ffitie ' */", dz,,.. --- , , , . 4, Ma 11 ACKNOWLEDGEMENT STATE OF TEXAS § § COUNTY OF TARRANT § BEFORE ME, the undersigned authority in and for s id Coun Texas, on this day personally appeared /44L 4 L. OW i I) / ASR ( /I r i to me to be the person whose name is subscribed to the foregoing instrument, and acknowledged to me that the same was executed for the purposes and conWeration therein expressed, and in the capacity therein stated. `F- 014,-.4( (., O1/3LC, rn- 1G j, Qac — v ,Ae abuoc ; 4 UNDER MY HAND AND SEAL OF OFFICE, this the c�61,, day of 2013. j" 41../ i Aft . ' i A A No ary Publi - nd f• r The State of Texa - KAREHLGMFflN My Commission Expires: a St dfk m. Expires 08/18/2017 Typed or Printed Name of Notary 2 CERTIFICATE OF ACCEPTANCE This is to certify that the interest and real property by this dedication instrument dated the day of NO /Untie-IL. , 2013, from CO 4-r ci -S t, Q, LLQ- to the City of Southlake, has been duly accepted subject to all terms and conditions contained therein, and the City Council has consented to recordation of such dedication instrument by its duly authorized officer. Dated: �� 7`' \I-0 ' 1, �✓ � � Mayor, City of Southlake 4 14 € +74ftdd6n ATTEST: , aP PP City Secretary °° S s AFTER FILING, PLEASE RETURN TO: City of Southlake City Secretary 1400 Main Street, Suite 270 Southlake, Texas 76092 Phone: 817 -481 -1519 Fax: 817 -481 -5826 3 EXHIBIT "A" • DRAINAGE EASEMENT 0.0170 ACRES /741 SQ. FT PARCEL A POR710N OF THE COUNTRYSIDE COURT, LLC TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS DESCRIPTION • BEING a 0.0170 acre tract of land situated in the Thomas M. Hood Survey, Abstract No. 706, in the City of Southloke, Tarrant County, Texas, and being o portion of Lot 1R4 of Lots 1R1, 1R2, 1R3, and 1R4, Block B, Ravenoux Village, an addition to the City of Southloke, Texas occording to the plat thereof recorded in Instrument Number D209215061 of the Official Public Records of Tarrant County, Texos (0.P.R.T.C.T.), said Lot 1R4 being all of that certoin tract of lond conveyed to Countryside Court, LLC according to the Special Worronty Deed with Vendors Lien (Assumption) os recorded in Instrument No. 0211049898, 0.P.R.T.C.T., and being more particularly described by metes and bounds os follows: COMMENCING at a 1/2" iron rod found for the southeast corner of Lot 1R3 of Lots 1R1, 1R2, 1R3, and 1R4, Block B. Rovenoux Village, said southeast corner also being the northeast corner of Lot 13 —R1 of Lots 13R -1, 13R -2, 13R -3, 13R -4 and 13R -5 T.M. Hood #706 Addition, on addition to the City of Southloke, Texos according to the plot thereof recorded in Cobinet A, Slide 10509 of the Plot Records of Tarrant County, Texas, and being in the west right —of —way line of N. White Chapel Boulevord (variable width right —of —way), from whence on "X" cut in concrete found for the southeast corner of said Lot 13 —R1 bears S 00'41'30" E, 150.51 feet; THENCE N 00'43'21" W (plat —S 00'43'58" E), with said west right —of —way line of N. White Chapel Boulevord and the east line of said Lot 1R3, passing at a distance of 67.50 feet the most easterly northeast corner of said Lot 1R3, some being the southeast corner of the aforementioned Lot 1R4, and continuing with the said west right —of —woy line of N. White Chopel Boulevard and the east line of sold Lot 1R4 o total distance of 186.28 feet to the northeast corner of o Variable Width Drainage and Utility Easement as depicted on the aforementioned plot of Lots 1R1, 1R2, 1R3, and 1R4, Block B, Rovenoux Villoge and to the POINT OF BEGINNING; THENCE S 61'58'48" W, deporting the east line of soid Lot 1R4 and the west right —of —way line of said N. White Chapel Boulevard and with the northwesterly line of said Variable Width Drainoge and Utility Easement, 14.80 feet; THENCE S 31'22'19" W, with the northwesterly line of said Variable Width Drainage and Utility Eosement, 43.86 feet; THENCE N 00'43'43" W, departing the northwesterly line of said Variable Width Drainoge and Utility Easement, 23.91 feet; 1. 11 NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 1 OF 4 TBPE FIRM REG. N0. F -356 REVISED: JANUARY 7, 2013 TBPLS FIRM REG. N0. 100189 -00 OCTOBER 26, 2012 Two Park Lane Ploce / 8080 Pork Lone / Suite 600 08 -10 -076.8 Dallas, Texas 75231 / Ph. (214) 739 -4741 8076— P31— DE1.dwg EXHIBIT W A N DRAINAGE EASEMENT 0.0170 ACRES/741 SQ. FT. PARCEL A PORTION OF THE COUNTRYSIDE COURT, LLC TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS THENCE N 37'46'59" E, 58.56 feet to the west right —of —way line of said N. White Chapel Boulevord and the east line of said Lot 1R4; THENCE S 00'43'21" E (plat —S 00'43'58" E), with the west right —of —way line of said N. White Chopel Boulevord and the east line of said Lot 1R4, 25.79 feet to the POINT OF BEGINNING and containing 0.0170 acres or 741 square feet of lond, more or less. OF FOR NATHAN )4 MAIER CONSULTING ENGINEERS, INC. ••••,,, 00 /1 101/ L. Melton, R.P.L.S. No. 4268 JOHN L. MELTON (. 'egistered Professional Land Surveyor e 'O #4268 4: e � grA 1 44.140 NOTES: Bearings for this survey ore based on the Western Data Systems Texas Cooperative Network and are referenced to NAD83 State Plone Coordinate System, Texas North Centrol Zone 4202. Stations DMLN —g and OML2 —g0811 were utilized as base stotions during GPS data collection sessions. This survey was performed without the benefit of a title commitment and may be subject to liens, encumbrances, easements, rights— of —woy, restrictions, covenonts, reservations or other conditions of record which the undersigned hos not been advised of or is aware of. No additional research tor easements was performed by Nathan D. Moier Consulting Engineers. Inc. in the preparation of this survey. NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 2 OF 4 TBPE FIRM REG. NO. F -356 REVISED: JANUARY 7, 2013 TBPLS FIRM REG. NO. 100189 -00 OCTOBER 26, 2012 Two Park Lane Place / 8080 Park Lane / Suite 600 08 -10 -076.8 Dallas, Texos 75231 / Ph. (214) 739 -4741 8075— P31— DE1.dwg EXHIBIT 'A" DRAINAGE EASEMENT 0.0170 ACRES/741 SQ. FT PARCEL A PORTION OF THE COUNTRYSIDE COURT, LLC TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS GREENWAY -N•BTE CHAPEL, L.P. LOT 1, BLOCK A INST. NO. 0207302342 RAVENAUX VILLAGE ADDfl7ON 0.P.RT.CT VOL. 388 -21,3 PQ 31 P.R. T. CT ; 'j,,, �i� , 0 1/1" IRF / �'I P I� ��\\ COUNTRYSIDE COURT SEE EASEMENT LINE TABLE (56' R.O.W.) EXHIBIT "A' PAGE 4 OF 4 NO R T H y �1 SCALE: 1"=60' / ' 1 I 2.5' U.E. SIGHT TRIANGLES c `— 2 .5' U.E. 10' WATER LINE ESMT. L LOT 1R2 LOTS IRI, 7R2, IR3 AND 1I24, BLOCK a RAVENAUX VILLAGE \ INST. NO. D209215061 N 11 \„,,,-', B pNNI \ O.P.R. F T.C. T C. T. 11 (J O.O170 ACRES TEW INVESTMENTS LLC (741 SQ. FT.) 1: � INST. T NO. 0210108450 D.P.R. T C. T. LOT tR4 LOTS 7R1 1R2, 1R3 AND 7R4, �' p \ I BLOCK e, RAV£NAUX VILLAGE 1 � 1 W a R ` \ � T / COUNTRYSIDE COURT, NO. .T.CT. 0209215061 I g lu ESMT. 0.P.R. T,C T. �T N \ roc; ELECTRIC 25 COMMON ACCESS CCOURT, LLC . 0:3 Do & U77UTY ESMT. � / T. Q 0211049898 I e W k U e, • _ r INS ` o.P.a.T.c.r, / / oma� VARIABLE WIDTH UTILITY ESMT I , \ 0 4 � _ ti 4 LOT 1RJ L—! / p 3o c' z LOTS 7R1. 1R2, IRS AND 1R4, \ 0�5�OQ N BLOCK 8, RAVENAUX VILLAGE \\ / Q 4 � 4 O HO, INST. NO. :2.1- .. 61 W' U.E. N � 4 1"1 - 1 c) O.P.R. T.C. T C T. GRIZZLY FALLS, LLC Q � Q O 2 INST. NO. 021205 2440 ELECTRIC \ / J J a 0" / O 1 .P.R. T. C. T. £ SMT. / �- I / ../ _J ` ) UTILITY S� I I ESMr.� -� F 15 DRAI & UTILI ESMT. / 1 PO OF VOL. 388 -213, PG 31, P.R. T. C. T. — COM MENCING vr !RF � A� LOT 13 -RI I ^ ABBRG ►IATION LEGEND LOTS 13R -1, 13R -2, 13R -3, N ? AND D.R. T.C. T. DEED RECORDS OF TARRANT T.AI 1 HOOD ♦706 ADDITION I I m T.C. T. COUNTY, TEXAS CABINET A, SLIDE 10509, P.R. l 0.P.R. T. C. T. OFFICIAL PUBLIC RECORDS OF - g -� TARRANT COUNTY, TEXAS AD£LKI,, L.L.C. I W ` j 3 P.R. T. C. T. PLAT RECORDS OF TARRANT INST. NO. 0206378432 w I 1„ o COUNTY, TEXAS D.R. T. T. C " w CAB., SLIDE CABINET, SLIDE I w e, Qa INST. N0. INSTRUMENT NUMBER „i I r' may► � VOL., PG. VOLUME, PAGE ui a. i C.L. CENTERLINE V ki ESMT. EASEMENT 24' PRIVATE STREET \,.... 1 $ c R.O.W. RIGHT -OF -WA (COMMON ACCES UT21TY, DRAINAGE, w S0. FT SOUARE FEET EMERGENCY ACCESS ESMT.) \ N FRF IRON ROD FOUND — — I ` !PF IRON PIPE FOUND IRS W/CAP IRON ROD SET WITH PLASTIC CAP STAMPED "7X REG NO J 700159 -00" — — 15' W.L. ESMr e FNO. x' IN CONCRETE NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 3 OF 4 TBPE FIRM REG. NO. F -356 REVISED: JANUARY 7, 2013 TBPLS FIRM REG. NO. 100189 -00 OCTOBER 26, 2012 Two Park Lone Place / 8080 Pork Lone / Suite 600 08 -10 -076.1 \rv, Dallas, Texas 75231 / Ph. (214) 739 -4741 8076— P31— DE1.dwg AM EXHIBIT "A" DRAINAGE EASEMENT 0.0170 ACRES/741 SQ. FT. PARCEL A PORTION OF THE COUNTRYSIDE COURT, LLC TRACT - THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS EASEMENT LINE TABLE NO. BEARING DISTANCE L i S 6158'48" W 14.80' L2 S 3122'19" W 43.86' L3 N 00'43'43" W 23.91' L4 N 3746'59" E 58.56' L5 S 00'43'21" E _ 25.79' J NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 4 OF 4 TBPE FIRM REG. NO. F -356 REVISED: JANUARY 7, 2013 TBPLS FIRM REG. NO. 100189 -00 OCTOBER 26, 2012 Two Pork Lone Ploce / 8080 Pork Lone / Suite 600 08 -10 -076.8 Dallas, Texas 75231 / Ph. (214) 739 -4741 8076— P31— DE1.dwg EXHIBIT "A' DRAINAGE EASEMENT 0.0006 ACRES /27 SQ. FT. PARCEL A POR770N OF THE COUNTRYSIDE COURT, LLC TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOU7HLAKE, TARRANT COUNTY, TEXAS DESCRIPTION BEING o 0.0006 acre tract of land situoted in the Thomas M. Hood Survey, Abstract No. 706, in the City of Southlake, Tarrant County, Texas, and being a portion of Lot 1R4 of Lots 1R1, 1R2, 1R3, and 1R4, Block 8, Ravenoux Village, on oddition to the City of Southlake, Texas according to the plot thereof recorded in Instrument Number D209215061 of the Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), said Lot 1R4 being all of that certain tract of land conveyed to Countryside Court. LLC according to the Special Warranty Deed with Vendors Lien (Assumption) as recorded in Instrument No. D211049898, O.P.R.T.C.T., and being more particularly described by metes and bounds as follows: COMMENCING at o 1/2" iron rod found for the southeast corner of Lot 1R3 of Lots 1R1, 1R2, 1R3, and 1R4, Block B, Ravenoux Village, said southeast corner also being the northeast corner of Lot 13 —R1 of Lots 13R -1, 13R -2, 13R -3, 13R -4 and 13R -5 T.M. Hood #706 Addition, on oddition to the City of Southlake, Texas according to the plot thereof recorded in Cobinet A, Slide 10509 of the Plat Records of Tarrant County, Texas, and being in the west right —of —way line of N. White Chapel Boulevard (variable width right —of —way), from whence on "X" cut in concrete found for the southeast corner of said Lot 13 —R1 bears S 00'41'30" E, 150.51 feet; THENCE N 00'43'21" W (plot —S 00'43'58" E), with said west right —of —way line of N. White Chapel Boulevard and the eost line of said Lot 1R3, possing at a distance of 67.50 feet the most easterly northeast corner of said Lot 1R3, some being the southeast corner of the aforementioned Lot 1R4, and continuing with the said west right —of —way line of N. White Chapel Boulevard and the eost line of said Lot 1R4 a totol distonce of 186.28 feet to the northeost corner of a Variable Width Drainage and Utility Easement os depicted on the aforementioned plat of Lots 1R1, 1R2, 1R3, and 1R4, Block B, Ravenoux Village; THENCE S 61'58'48" W, deporting the east line of said Lot 1R4 and the west right —of —way line of said N. White Chapel Boulevard, and with the northwesterly line of soid Variable Width Drainage and Utility Easement, 14,80 feet; THENCE S 31'22'19" W, continuing with the northwesterly line of said Variable Width Drainage and Utility Easement, 43.86 feet: THENCE S 00'43'21" E, continuing with the northwesterly line of said Variable Width Drainage and Utility Easement, 3.83 feet to THE POINT OF BEGINNING; NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 1 OF 4 \DV TBPE FIRM REG. NO. F -356 REVISED: JANUARY 7, 2013 T BPLS FIRM REG. NO. 100189 -00 OCTOBER 26, 2012 08 -10 -076.8 Two Pork Lone Place / 8080 Pork Lone / Suite 600 Dallas, Texas 75231 / Ph. (214) 739 -4741 8076— P31— DE2.dwg EXHIBIT "A' DRAINAGE EASEMENT 0.0006 ACRES /27 SQ. FT. PARCEL A POR770N OF THE COUNTRYSIDE COURT, LLC TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHL4KE, TARRANT COUNTY, TEXAS THENCE S 53'43'12" E, continuing with the northwesterly line of said Varioble Width Drainage and Utility Eosement, 6,36 feet; THENCE S 36'16'48" W, continuing with the northwesterly line of said Variable Width Drainage and Utility Eosement, 8.44 feet; THENCE N 00'43'21" W, departing the northwesterly line of said Variable Width Drainage and Utility Eosement, 10.57 feet to the POINT OF BEGINNING and containing 0.0006 acres or 27 square feet of land, more or Tess. 0 Fer NAT �, . MAIER CONSULTING ENGINEERS, INC. A:x i,gy14; + APA11:4- J•en L. Melton, R.P.L.S. No. 4268 - egistered Professional Land Surveyor g #4268 it* \ {fi �,. S U lit _ NOT ES : Beorings for this survey ore based on the Western Data Systems Texas Cooperative Network and are referenced to NAD83 State Plone Coordinate System, Texas North Centro) Zone 4202. Stations DMLN —g and DML2 —g0811 were utilized as base stotions during GPS data collection sessions. This survey was performed without the benefit of a title commitment and may be subject to liens, encumbrances, easements, rights —of —way, restrictions, covenants, reservations or other conditions of record which the undersigned has not been advised of or is aware of. No additional reseorch tor easements was performed by Nathan D. Mater Consulting Engineers, Inc. in the preparation of this survey. NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 2 OF 4 TBPE FIRM REG. NO. F -356 REVISED: JANUARY 7, 2013 TBPLS FIRM REG. NO. 100189 -00 OCTOBER 26, 2012 Two Pork Lone Place / 8080 Pork Lone / Suite 600 08- 10 -076.B Dallas, Texas 75231 / Ph. (214) 739 -4741 8076_P31— DE2.dwg AM. [1)) • EXHIBIT "A" DRAINAGE EASEMENT 0.0006 ACRES /27 SQ. FT. PARCEL A PORTION OF THE COUNTRYSIDE COURT, LLC TRACT - THOMAS M. HOOD SURVEY ABSTRACT NO. 706 CITY OF SOU7HLAKE TARRANT COUNTY, TEXAS GREENWAY -WHITE CHAPEL, L.P. LOT 1, BLOCK A INST. NO, 0207302342 RAVENAUX VILLAGE ADDITION O.P.R. T.C. T. VOL. 388 -213, PG, 31 P.R. T. C. T. 1 0 11 COUNTRYSIDE COURT SEE EASEMENT UNE TABLE (56' R.O. w.) EXHIBIT "Al PAGE 4 OF 4 NORTH SCALE: 1 "=60' ! . 2.5' U.E. SIGHT TRIANGLES -1 1k LOT 1R2 2.5' U.E. I I 10' WATER UN£ ESMT, \ LOTS IRI, IR2, 1R3 AND 1R4, I BLOCK B, RAVENAUX VILLAGE LOT 1114 INST. NO. 02092 r506 r T. 11 LOTS BLOCK S R A ENA 2 a VILLAGE \ \ O.P.R. T. I I ti� TEW INVESTMENTS, LLC O.P.R.7 :C. T. \ INST. NO. 0210108450 1) COUNTRYSIDE COURT, LLC INST. NO R 1 . O.P.R. T C. T. I . D211049898 .' I I, ...T.CT WVI 0PR ^ \ \ ELECTRIC / t3 ( C ti w EsM r. / POINT OF L6 L4 ...,>-,..4 \ 8 o 25' COMMON ACCESS BEGINNING 5 " � uTrtITY CWT. " W o cd �j° VARIABLE WIDTH U17LITY i �� 4.000[6�t1ACcRrES / G / a LOT IR3 I I �27 S4. r- I., ��P 4 3 o v'n Z /q- Q o LOTS 1111, 1112, IR3 AND 1R4, \ 0 � 5 0' Ny BLOCK B, RAVENAUX VILLAGE C ,,,A 6�' / r ■ � INST. NO. D209215061 \\ — I 1 O:P.R.T.CT_ 10' U.E. ���J ��1h 00 O / — I ___6 z . DRIZZLY FALLS, LLC / '.P pa D INST. NO. 0212052440 ELECTRIC ` / JP a 0' / O.P- R.T.GT. ESMT. S �� — ____--"'----Z `� / UTILITY h 1 j l VOL. DRAINAGE P UTILITY 3P. ESMT. / I POINT L 38B -2J3, PG 37, P.R.T COMMENCING r/T- MF LOT 13-111 ( ? ri 1 ABBREVIATION LEGEND LOTS 1311 -1, 1311 -2, 1311314-3, - 1311 -4 AND 13R -5, D.R. T. C. T. DEED RECORDS OF TARRANT T.M. HOOD /706 A001710N I h m COUNTY, TEXAS CABINET A, SUDE 10509, P.R. T. C T ` O.P.R. T.C.T. OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS AD£LK', L.LC. 1 4' , 3 P.R. T.C. T. PLAT RECORDS OF TARRANT INST. NO. 0205378432 w W o COUNTY, TEXAS D. R. T C. T. H W a ` CAB., SLIDE CABINET, SLIDE W o Q � 1 INST. ND. INSTRUMENT NUMBER 1 y VOL., PG. VOLUME, PAGE (ii ;' C.C. CENTERLINE — — ESMT. EAS 24' PRIVATE STREET ". co R.D.W. RIGHT -OF -WAY (COMMON ACCESS, UTILITY, DRAINAGE, h ^� SO. IRF FT S01/4RE FEET EMERGENCY ACCESS ESMT) \ F IRE IRON ROD FOUND .— --- \ IPF IRON PIPE FOUND L RS W /CAP IRON ROD SET WITH PLASTIC I ! CAP STAMPED "TX REG NO 100189 -00" 15' W L. ESMT. I 1 .15 ,ND. X d y NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 3 OF 4 \ D V TBPE FIRM REG. NO. F -356 REVISED: JANUARY 7, 2013 TBPLS FIRM REG. NO. 100189 -00 OCTOBER 26, 2012 Two Park Lone Place / 8080 Pork Lane / Suite 600 08 -10 -076.6 Dallas, Texas 75231 / Ph. (214) 739 -4741 8076— P31— OE2.dwg v EXHIBIT "A" DRAINAGE EASEMENT 00006 ACRES /27 SQ. FT. PARCEL A PORTION OF THE COUNTRYSIDE COURT, LLC TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS EASEMENT LINE TABLE • NO. BEARING DISTANCE L 1 S 61'58'48" W 14.80' L2 5 3122'19" W 43.86' C3 S 00'43'21" E 3.83' L4 S 53'43'12" E 6.36' 1.5 S 36'16'48" W 8.44' L6 _ N 0043'21" W 10.57' , D NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 4 OF 4 TBPE FIRM REG. NO. F -356 REVISED: JANUARY 7, 2013 TBPLS FIRM REG. NO. 100189 -00 OCTOBER 26, 2012 Two Pork Lone Place / 8080 Pork Lone / Suite 600 08 -10 -076.8 Dallas, Texas 75231 / Ph. (214) 739 -4741 8076— P31— DE2.dwg SHADDOCK & ASSOCIATES, P.C. 2400 N. Dallas Parkway, Suite 560 Plano, Texas 75093 972 -526 -7642 ATTORNEY REPRESENTATION NOTICE GF# 13- 159295 -SB DATE: November 05, 2013 SELLER: Countryside Court LLC PURCHASER: City of Southlake PROPERTY: Ravenaux Village Addition, Block B, Lot 1 R4, Tarrant County The undersigned does hereby employ the law Office(s) of SHADDOCK & ASSOCIATES, P.C., for the limited and specific purposes of document preparation. This preparation includes but is not limited to the preparation of Deeds, Deeds of Trusts, Mortgages, Promissory Notes, Releases and any other documents that are required and necessary in the closing of any real estate transactions. These transactions include, but are not limited to, sales, exchanges, purchases, refinances or loan of, or on real property described above in said legal and GF Number. Any and all language regarding the conveyance or reservation of the minerals in the documents prepared by SHADDOCK & ASSOCIATES, P.C.reflects the written instruction and request of the parties to the transaction and Capital Title of Texas, LLC. The law offices of SHADDOCK & ASSOCIATES, P.C.have not rendered an opinion regarding the use of this language. The undersigned understands and agrees that the documents prepared by the law office of SHADDOCK & ASSOCIATES, P.C. were prepared in accordance with the instructions of the lender, if any, and of the parties to this transaction. No representations have been made by the law offices of SHADDOCK & ASSOCIATES, P.C. as to the legal effects or tax consequences of these documents or of the transaction described in the above referenced file. No representations have been made as to whether the transaction described in the above referenced file complies with the usury laws or of any other laws of the United States or any other state having jurisdiction over this transaction. If one or more of the parties has requested on the use of a format other than the one customarily used by SHADDOCK & ASSOCIATES, P.C., said party or parties undertake the responsibility and liability that the document will meet statutory guidelines. Disclaimer of representation or warranty: The undersigned understands that the law offices of SHADDOCK & ASSOCIATES, P.C. has not conducted a title search on the property and makes no representation or warranty about condition of title, access to the property, or any other matters that might be revealed from an examination of title by the undersigned of the property itself or that might be revealed through a survey of the property. The undersigned is cautioned to make sure the deed to the buyer conveys the specific property the buyer has contracted to purchase. It is understood and agreed by the undersigned that the law offices of SHADDOCK & ASSOCIAI'BS, P.C. are not employed for legal representation generally, or for any purpose in connection with the transaction described in the above referenced file other than the preparation of documents as stated above. The undersigned acknowledge that they have read, understood and hereby approve the documents as prepared, and consent to the multiple representation above. The undersigned hereby agree that no attorney /client privilege or relationship exists between them and the law offices of SHADDOCK & ASSOCIATES, P.C.beyond the preparation of the above described documents. Please return ORIGINAL Attorney Representation Notice with invoice. The City of Southlake Countryside Court, LLC By: By: ) Mark A. Womble, Manager Name: JbHv\G.Te Ire it Title: 1■ 6.c-yt( By: Laura L. Coffey, Manager By: Diana Griffeth, Manager that might be revealed through a survey of the property. The undersigned is cautioned to make sure the deed to the buyer conveys the specific property the buyer has contracted to purchase. It is understood and agreed by the undersigned that the law offices of SHADDOCK & ASSOCIATES, P.C. are not employed for legal representation generally, or for any purpose in connection with the transaction described in the above referenced file other than the preparation of documents as stated above. The undersigned acknowledge that they have read, understood and hereby approve the documents as prepared, and consent to the multiple representation above. The undersigned hereby agree that no attorney /client privilege or relationship exists between them and the law offices of SHADDOCK & ASSOCIATES, P.C.beyond the preparation of the above described documents. Please return ORIGINAL Attorney Representation Notice with invoice. The City of Southlake Co .. side Court, LLC • B / G �' 'G'j� Y By: ark A. Womble, M... ger Name: o Title: By: �� .' 41 A. /bk.' J Tura L. Cof -y, Mana'; - V � Y _ ice / AP ( Diana Gri • eth, any.Z/ Order No. 13- 159295 -SB AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT NOTICE TO PARTIES (Pursuant to 24CFR3500, Appendix "D ") To: Buyer /Borrower: City of Southlake 1400 Main Street, Suite 320 Southlake, TX 76092 Seller: Countryside Court LLC 101 Countryside Ct Southlake, TX 76092 From: Capital Title of Texas, LLC Property: TRACT 1 BEING a 0.0170 acre tract of land situated in the Thomas M. Hood Survey, Abstract No. 706, in the City of Southlake, Tarrant County, Texas, and being a portion of Lot 1 R4 of Lots 1R1, 1 R2, 1 R3, and 1 R4, Block B, Ravenaux Village, as depicted in the Declaration of Covenants, Restrictions and Easements recorded in Instrument Number D209215061 of the Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), said Lot 1 R4 being all of that certain tract of land conveyed to Countryside Court, LLC according to the Special Warranty Deed with Vendors Lien (Assumption) as recorded in Instrument No. D211049898, O.P.R.T.C.T., and being more particularly described by metes and bounds as follows: COMMENCING at a 1/2" iron rod found for the southeast corner of Lot 1R3 of Lots 1R1, 1R2, 1 R3, and 1 R4, Block B, of said Ravenaux Village, also being the northeast corner of Lot 13 -R1 of Lots 13R -1, 13R -2, 13R -3, 13R -4 and 13R -5 T.M. Hood #706 Addition, on addition to the City of Southlake, Texas according to the plat thereof recorded in Cabinet A, Slide 10509 of the Plat Records of Tarrant County, Texas and being in the west right -of -way line of N. White Chapel Boulevard (variable width right -of -way), from whence on "X" cut found in concrete bears S 00° 41' 30" E (plat -S 00° 01' 41" W), 150.51 feet for the southeast corner of said Lot 13 -RI; THENCE N 00° 41' 30" W (plat -S 00° 43' 58" E), with said west right -of -way line of N. White Chapel Boulevard and the east line of said Lot 1 R3, passing at a distance of 67.50 feet the most easterly northeast corner of said Lot 1 R3, same being the southeast corner of the aforementioned Lot 1 R4, continuing with the said west right -of -way line of N. White Chapel Boulevard and the east line of said Lot 1 R4 to the northeast corner of a Variable Width Drainage and Utility Easement as depicted in said Declaration of Covenants, Restrictions and Easements, a total distance of 186.28 feet to the POINT OF BEGINNING; THENCE S 61° 58' 48" W, departing the east line of said Lot 1 R4 and the west right -of -way line of said N. White Chapel Boulevard, and with the northwesterly line of said Variable Width Drainage and Utility Easement, 14.80 feet; THENCE S 31° 22' 19" W, with the northwesterly line of said Variable Width Drainage and Utility Easement, 43.86 feet; THENCE N 00° 43' 43" W, departing the northwesterly line of said Variable' Width Drainage and Utility Easement, 23.91 feet; THENCE N 37° 46' 59" E, 58.56 feet to the west right -of -way line of said N. White Chapel Boulevard and the east line of said Lot 1 R4; THENCE S 00° 43' 21" E (plat -S 00° 43' 58" E), with the west right -of -way line of said N. White Chapel Boulevard and the east line of said Lot 1 R4, 25.79 feet to the POINT OF BEGINNING and containing 0.0170 acres or 741 square feet of land, more or less. TRACT 2 BEING a 0.0006 acre tract of land situated in the Thomas M. Hood Survey, Abstract No. 706, in the City of Southlake, Tarrant County, Texas, and being a portion of Lot 1 R4 of Lots 1R1, 1 R2, 1 R3, and 1 R4, Block B, Ravenaux Village, as depicted in the Declaration of Covenants, Restrictions and Easements recorded in Instrument Number D209215061 of the Official Public Records of Tarrant County, Texas (O.P.R.T.C.T.), said Lot 1R4 being all of that certain tract of land conveyed to Countryside Court, LLC according to the Special Warranty Deed with Vendors Lien (Assumption) as recorded in Instrument No. D211049898, O.P.R.T.C.T., and Affiliated Business Disclosure — United Tax Service Page 1 of 3 Rev. 06/03 being more particularly described by metes and bounds as follows; COMMENCING at a 1/2" iron rod found for the southeast corner of Lot 1 R3 of Lots 1R1, 1 R2, 1 R3, and 1 R4, Block B, of said Ravenaux Village, also being the northeast corner of Lot 13 -RI of Lots 13R -1, 13R -2, 13R -3, 13R -4 and 13R -5 T.M. Hood #706 Addition, an addition to the City of Southlake, Texas according to the plat thereof recorded in Cabinet A, Slide 10509 of the Plat Records of Tarrant County, Texas and being in the west right -of -way line of N. White Chapel Boulevardvariable width right -of -way), from whence an "x" cut found in concrete bears S 00° 41' 30" E (plat -S 00° 01' 41" W), 150.51 feet for the southeast corner of said Lot 13 -R1; THENCE N 00° 41' 30" W (plat -S 00° 43' 58" E), with said west right -of -way line of N. White Chapel Boulevard and the east line of said Lot 1 R3, passing at a distance of 67.50 feet the most easterly northeast corner of said Lot 1 R3, same being the southeast corner of the aforementioned Lot 1R4, continuing with the said west right -of -way line of N. White Chapel Boulevard and the east line of said Lot 1 R4 to the northeast corner of a Variable Width Drainage and Utility Easement as depicted in said Declaration of Covenants, Restrictions and Easements, a total distance of 186.28 feet; THENCE S 61° 58' 48" W, departing the east line of said Lot 1 R4 and the west right -of -way line of said N. White Chapel Boulevard, and with the northwesterly line of said Variable Width Drainage and Utility Easement, 14.80 feet; THENCE S 31° 22' 19" W, with the northwesterly line of said Variable Width Drainage and Utility Easement, 43.86 feet; THENCE S 00° 43' 21" E, with the northwesterly line of said Variable Width Drainage and Utility Easement, 3.83 feet to the POINT OF BEGINNING; THENCE S 53° 43' 12" E, with the northwesterly line of said Variable Width Drainage and Utility Easement, 6.36 feet; THENCE S 36° 16' 48" W, with the northwesterly line of said Variable Width Drainage and Utility Easement, 8.44 feet; THENCE N 00° 43' 21" W, departing the northwesterly line of said Variable Width Drainage and Utility Easement, 10.57 feet to the POINT OF BEGINNING and containing 0.0006 acres or 27 square feet of land, more or less. NOTE: The Company is prohibited from insuring the area or quantity of the land described herein. Any statement in the legal description contained in Schedule "A" as to area or quantity of land is not a representation that such area or quantity is correct, but is made only for informal identification purposes and does not override Item 2 of Schedule "B" hereof. Date: November 5, 2013 This is to give you notice that CAPITAL TITLE OF TEXAS, LLC ( "CTOT "), has a business relationship with PREMIER SURVEYING, LLC, WILLOWBEND MORTGAGE, SHADDOCK & ASSOCIATES, PC, CAPITAL NATIONAL FINANCIAL, INC. CAMBRIDGE INSURANCE AGENCY, LLC, UNITED TAX SERVICE and UNITED E- RECORDING, LLC, (referred to collectively as "United "), 2400 N. Dallas Parkway, Suite 560, Plano, Texas 75287, (972) 682 -2719. CTOT routinely obtains Surveys, Tax Certificates, Insurance and e- Recording Services from United; the charge for these settlement services is paid by the parties to the transaction; that charge is collected by CTOT at closing and paid by CTOT to United. The owner of United is William C. Shaddock, who, in addition to being indirectly involved with CTOT as an owner, is also its President, CEO and a Director. Because of this relationship, the referral of business to United by CTOT may provide CTOT with a financial or other benefit. Notice is also given that CTOT has a business relationship with First National Title Insurance Company ( "FNTI "), which is a title insurance underwriting company. The owner of CTOT is also the owner of FNTI. Because of this relationship, the referral of business to FNTI by CTOT may provide CTOT with financial or other benefit. The premium charges made by FNTI are in accordance with the premium rates promulgated by the Texas Department of Insurance. Set forth below is the estimated charge or range of charges for the settlement services listed. You are NOT required to use the listed provider as a condition for the purchase, sale or refinance of the subject property. THERE ARE FREQUENTLY OTHER SETTLEMENT SERVICE PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES. United Tax Service, Inc. Range of Estimated charges: $ 25.00 United E- Recording, LLC Range of Estimated charges $4.00 to 10.00 per recorded document Premier Surveying, LLC Range of Estimated charges Cambridge Insurance Agency, LLC Willowbend Mortgage Capital National Financial, Inc. Shaddock & Associates, PC 1/we have read this disclosure form and understand that CTOT is referring me /us to purchase the above - described settlement service and may receive a financial or other benefit as a result of this referral. The City of Southlake Countryside Court, LLC By: B i Mark A. Womble, Manager Name: Jbl+n C. evitei 1 Title: 4 1v+ bv By: Laura L. Coffey, Manager By: Diana Griffeth, Manager United E- Recording, LLC Range of Estimated charges $4.00 to 10.00 per recorded document Premier Surveying, LLC Range of Estimated charges Cambridge Insurance Agency, LLC Willowbend Mortgage Capital National Financial, Inc. Shaddock & Associates, PC I /we have read this\disclosure form and understand that CTOT is referring me /us to purchase the above - described settlement service and may receive a financial or other benefit as a result of this referral. The City of Southlake Count° si e Court, LLC By: U /ijbct Y : By: .r A. omble, Mana.- Name: Title: �► 4111_, By: 5f . r L. Coff- , einager/ _AI //' Diana Griffeth, Man.gyi AFFIDAVIT AS TO DEBTS, LIENS, POSSESSION AND TAXES GF #: 13- 159295 -SB State of Texas County of Tarrant SUBJECT PROPERTY: 101 Countryside Court Southlake, TX 76092 Ravenaux Village Addition, Block B, Lot 1R4, Tarrant County BEFORE ME, the undersigned authority, on this day personally appeared: Countryside Court LLC, personally known to me to be the person(s) whose name is(are) subscribed hereto and upon his(their) oath deposes and says: The undersigned represent(s) to CAPITAL TITLE OF TEXAS, hereinafter the Company, to his, her, their best knowledge that, 1. Except as noted below, there are no parties occupying, renting, leasing, residing or possessing the subject property or any portion thereof, nor is the undersigned aware of any parties claiming title to the subject property or any portion thereof by any reason of adverse possession, except NONE 2, No unpaid debts for plumbing fixtures, water heaters, swimming pool, furnace, air conditioners, radio or television antennae, carpeting, rugs, lawn sprinkling systems, venetian blinds, window shades, draperies, electric appliances, fences, street paving, assessments, or any personal property or fixtures that are located on the subject property described above, and that no items have been purchased on time payment contracts and there are no security interests on such property secured by financing statements, security agreements, or otherwise except the following: NONE Secured Party Approximate Amount 3. No liens of any kind against such property except the following: Secured Party Approximate Amount First Financial Bank, N.A $600,000 partially released for -0- dollars First Financial Bank, N.A $75,000 partially released for -0- dollars IT IS UNDERSTOOD BY THE UNDERSIGNED THAT THE PAYOFF AMOUNT(S) ON LOANS LISTED ABOVE IS /ARE IN ACCORDANCE WITH STATEMENTS GIVEN BY THE LENDING INSTITUTIONS AND SHOULD THE NOTEHOLDER REQUIRE ANY ADDITIONAL AMOUNT IN ORDER TO RELEASE SAID INDEBTEDNESS THE UNDERSIGNED AGREE(S) TO PAY THAT ADDITIONAL AMOUNT INCLUDING AD VALOREM TAXES NOT SPECIFICALLY REFERENCED ABOVE. There are no delinquent ad valorem taxes owing against the subject property. There are no federal or state taxes due by the undersigned for which a lien has not been filed but which have been assessed. There are no liens of any kind or character or claims for paving outstanding against the property, and we have signed no petitions for the paving of the street or alley adjoining this property and know of no petitions being circulated for payment. All labor and materials used in the construction of improvements on the above described property have been paid and there are no unpaid labor or material claims against the improvements or the property upon which same are situated, and the undersigned hereby declare(s) that all sums of money due for the erection of improvements have been fully paid and satisfied, except as stated on the reverse hereof. There are no proceedings in bankruptcy or receivership, that have been instituted by or against me /us, and I /we have never made an assignment for the benefit of Creditors. Further, the undersigned has claimed no exemptions relating to ad valorem taxes to which he /she /they /it are not entitled. CONDOMINIUMS: We as owners or mortgagors are aware of certain obligations unposed upon us by the terms and conditions of the Declaration of Covenants, Condition and Restrictions that affect the above described property and that we have paid all past and current assessments and dues assessed by the association created by the condominium regime. The undersigned realize(s) that these representations are made to induce the company and its Underwriter to insure the title to subject property and tenants: Executed this 5th day of November, 2013. Countryside Court, LLC it 1-4/(-- . By: / ark A. Womble, Man. ter 4 �' By `wv. .��1drL.>. At. . is L. Coffe. , Mana9 r ' / 0 Diana Griffeth, Man. ,d,i State of Texas County of Tarrant This instrument was acknowledged before me, this 5th day of November, 2013 by Mark A. Womble, Lauri* L. Coffey and Diana Griffeth, Managers o Countryside Court, LLC, a Texas limited liability company on behalf of limited liability comp. y. •) '----- OA AlA Not. y Put c , ' A e f e. s Notary's Printed am � t4`y _11 ■ GRIFFIN My Commission - sires 0. NotaryPubtk . Te T f t..-- B - { ., �1e'F Comm. Expires 08/18/2017 Capital Title of Texas, LLC - Southlake Blvd } ' 100 S. Village Center Drive Southlake, TX 76092 Phone 817 - 329 -8989 Fax 817 - 329 -8282 OWNER POLICY OF TITLE INSURANCE TRANSMITTAL November 14, 2013 City of Southlake 1400 Main Street, Suite 320 Southlake, TX 76092 RE: Order No.: 13- 159295 -SB Buyer /Borrower(s): City of Southlake Sellers(s): Countryside Court LLC Property Address: 101 Countryside Court, Southlake, TX 76092 In connection with the above transaction, we enclose your Owner Policy of Title Insurance. Your deed has been filed for record in the County Clerk's Office and it will be mailed directly to you from that office. It has been a pleasure to serve you. If we may assist you in the future, please let us know. Gayle Giebelstein Order No. 13- 159295 -SB OTP Transmittal Page 1 of 1 Rev. 01/06 If you want information about coverage or need assistance to resolve complaints, please call our toll free number. 1- 800 - 729 -1902. If you make a claim under your policy, you must furnish written notice in accordance with Section 3 of the Conditions and Stipulations. Visit our World Wide Web site at: http: / /www.stewart .com OWNER'S POLICY OF TITLE INSURANCE ISSUED BY title guaranty company Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to the Company at the address shown in Section 18 of the Conditions. COVERED RISKS SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS, STEWART TITLE GUARANTY, a Texas corporation (the "Company ") insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not exceeding the Amount of Insurance, sustained or incurred by the Insured by reason of: 1. Title being vested other than as stated in Schedule A. 2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from: (a) A defect in the Title caused by: (i) forgery, fraud, undue influence, duress, incompetency, incapacity or impersonation; (ii) failure of any person or Entity to have authorized a transfer or conveyance; (iii) a document affecting Title not properly created, executed, witnessed, sealed, acknowledged, notarized or delivered; (iv) failure to perform those acts necessary to create a document by electronic means authorized by law; (v) a document executed under a falsified, expired or otherwise invalid power of attorney; (vi) a document not properly filed, recorded or indexed in the Public Records including failure to perform those acts by electronic means authorized by law; or (vii) a defective judicial or administrative proceeding. (b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but unpaid. (c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed by an accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located on adjoining land. (d) Any statutory or constitutional mechanic's, contractor's, or materialman's lien for labor or materials having its inception on or before Date of Policy. 3. Lack of good and indefeasible Title. 4. No right of access to and from the Land. Covered Risks continued on next page. IN WITNESS WHEREOF, Stewart Title Guaranty Company has caused this policy to be signed and sealed by its duly authorized officers as of Date of Policy shown in Schedule A. Countersigned by: J' c 4410/6 p t guaranty `"`nr'iflI Senior Chairman of the Board Authorized Countersignature Capital Title of Texas, LLC - Southlake 1 Boulevard ffwi.. Company $ ;oi►rotr Chairman of the Board riot Southlake, TX State',. - P re si dent I Page 1 of Policy Serial 0- 5991 - 000089824 1 Form T -1: Owner's Policy of Title Insurance (Rev. 2/1/10) COVERED RISKS CONTINUED FROM PAGE 1 5. The violation or enforcement of any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting or relating to: (a) the occupancy, use or enjoyment of the Land; (b) the character, dimensions or location of any improvement erected on the Land; (c) subdivision of land; or (d) environmental protection if a notice, describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce, but only to the extent of the violation or enforcement referred to in that notice. 6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the enforcement referred to in that notice. 7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public Records. 8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge. 9. Title being vested other than as stated in Schedule A or being defective: (a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or any part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy, state insolvency or similar creditors' rights laws; or (b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal bankruptcy, state insolvency or similar creditors' rights laws by reason of the failure of its recording in the Public Records: (i) to be timely, or (ii) to impart notice of its existence to a purchaser for value or a judgment or lien creditor. 10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 11. The Company will also pay the costs, attorneys' fees and expenses incurred in defense of any matter insured against by this Policy, but only to the extent provided in the Conditions. EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs, attorneys' fees or expenses that arise by reason of: 1. (a) Any law, ordinance, permit, or governmental regulation (including those relating to building and zoning) restricting, regulating, prohibiting or relating to: (i) the occupancy, use, or enjoyment of the Land; (ii) the character, dimensions or location of any improvement erected on the Land; (iii) subdivision of land; or (iv) environmental protection; or the effect of any violation of these laws, ordinances or governmental regulations. This Exclusion 1(a) does not modify or limit the coverage provided under Covered Risk 5. (b) Any governmental police power. This Exclusion 1(b) does not modify or limit the coverage provided under Covered Risk 6. 2. Rights of eminent domain. This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8. 3. Defects, liens, encumbrances, adverse claims or other matters: (a) created, suffered, assumed or agreed to by the Insured Claimant; (b) not Known to the Company, not recorded in the Public Records at Date of Policy, but Known to the Insured Claimant and not disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this policy; (c) resulting in no loss or damage to the Insured Claimant; (d) attaching or created subsequent to Date of Policy (however, this does not modify or limit the coverage provided under Covered Risk 9 and 10); or (e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title. 4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors' rights laws, that the transaction vesting the Title as shown in Schedule A, is: (a) a fraudulent conveyance or fraudulent transfer; or (b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy. 5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A. 6. The refusal of any person to purchase, lease or lend money on the estate or interest covered hereby in the land described in Schedule A because of Unmarketable Title. I Page 2 of Policy Serial 0- 5991 - 000089824 1 CONDITIONS 1. DEFINITION OF TERMS. transfer or conveyance of the Title. This policy shall not continue in The following terms when used in this policy mean: force in favor of any purchaser from the Insured of either (i) an estate or (a) "Amount of Insurance ": the amount stated in Schedule A, as interest in the Land, or (ii) an obligation secured by a purchase money may be increased or decreased by endorsement to this policy, Mortgage given to the Insured. increased by Section 8(b), or decreased by Sections 10 and 11 of these Conditions. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. (b) "Date of Policy ": The date designated as "Date of Policy" in The Insured shall notify the Company promptly in writing (i) in case of Schedule A. any litigation as set forth in Section 5(a) below, or (ii) in case Knowledge (c) "Entity ": A corporation, partnership, trust, limited liability shall come to an Insured hereunder of any claim of title or interest that company or other similar legal entity. is adverse to the Title, as insured, and that might cause loss or damage (d) "Insured ": the Insured named in Schedule A. for which the Company may be liable by virtue of this policy. If the (i) The term "Insured" also includes: Company is prejudiced by the failure of the Insured Claimant to provide (A) successors to the Title of the Insured by operation prompt notice, the Company's liability to the Insured Claimant under the of law as distinguished from purchase, including heirs, devisees, Policy shall be reduced to the extent of the prejudice. survivors, personal representatives or next of kin; When, after the Date of the Policy, the Insured notifies the Company as (B) successors to an Insured by dissolution, merger, required herein of a lien, encumbrance, adverse claim or other defect in consolidation, distribution or reorganization; Title insured by this policy that is not excluded or excepted from the (C) successors to an Insured by its conversion to coverage of this policy, the Company shall promptly investigate the another kind of Entity; charge to determine whether the lien, encumbrance, adverse claim or (D) a grantee of an Insured under a deed delivered defect or other matter is valid and not barred by law or statute. The without payment of actual valuable consideration conveying the Title; Company shall notify the Insured in writing, within a reasonable time, of (1) If the stock, shares, memberships, or other its determination as to the validity or invalidity of the Insured's claim or equity interests of the grantee are wholly -owned by the named Insured, charge under the policy. If the Company concludes that the lien, (2) If the grantee wholly owns the named encumbrance, adverse claim or defect is not covered by this policy, or Insured, was otherwise addressed in the closing of the transaction in connection (3) If the grantee is wholly -owned by an affiliated with which this policy was issued, the Company shall specifically advise Entity of the named Insured, provided the affiliated Entity and the the Insured of the reasons for its determination. If the Company named Insured are both wholly -owned by the same person or Entity, or concludes that the lien, encumbrance, adverse claim or defect is valid, (4) If the grantee is a trustee or beneficiary of a the Company shall take one of the following actions: (i) institute the trust created by a written instrument established by the Insured named necessary proceedings to clear the lien, encumbrance, adverse claim in Schedule A for estate planning purposes. or defect from the Title as insured; (ii) indemnify the Insured as provided (ii) With regard to (A), (B), (C) and (D) reserving, however, in this policy; (iii) upon payment of appropriate premium and charges all rights and defenses as to any successor that the Company would therefor, issue to the Insured Claimant or to a subsequent owner, have had against any predecessor Insured. mortgagee or holder of the estate or interest in the Land insured by this (e) "Insured Claimant ": an Insured claiming loss or damage. policy, a policy of title insurance without exception for the lien, (f) "Knowledge" or "Known ": actual knowledge, not constructive encumbrance, adverse claim or defect, said policy to be in an amount knowledge or notice that may be imputed to an Insured by reason of equal to the current value of the Land or, if a mortgagee policy, the the Public Records or any other records that impart constructive notice amount of the loan; (iv) indemnify another title insurance company in of matters affecting the Title. connection with its issuance of a policy(ies) of title insurance without (g) "Land ": the land described in Schedule A, and affixed exception for the lien, encumbrance, adverse claim or defect; (v) secure improvements that by law constitute real property. The term "Land" a release or other document discharging the lien, encumbrance, does not include any property beyond the lines of the area described in adverse claim or defect; or (vi) undertake a combination of (i) through Schedule A, nor any right, title, interest, estate or easement in abutting (v) herein. streets, roads, avenues, alleys, lanes, ways or waterways, but this does 4. PROOF OF LOSS. not modify or limit the extent that a right of access to and from the Land In the event the Company is unable to determine the amount of loss or is insured by this policy. damage, the Company may, at its option, require as a condition of (h) "Mortgage ": mortgage, deed of trust, trust deed, or other payment that the Insured Claimant furnish a signed proof of loss. The security instrument, including one evidenced by electronic means proof of loss must describe the defect, lien, encumbrance or other authorized by law. matter insured against by this policy that constitutes the basis of loss or (i) "Public Records ": records established under state statutes at damage and shall state, to the extent possible, the basis of calculating Date of Policy for the purpose of imparting constructive notice of the amount of the loss or damage. matters relating to real property to purchasers for value and without Knowledge. With respect to Covered Risk 5(d), "Public Records" shall 5. DEFENSE AND PROSECUTION OF ACTIONS. also include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the Land is (a) Upon written request by the Insured, and subject to the located. options contained in Sections 3 and 7 of these Conditions, the (j) "Title ": the estate or interest described in Schedule A. Company, at its own cost and without unreasonable delay, shall provide (k) "Unmarketable Title ": Title affected by an alleged or apparent for the defense of an Insured in litigation in which any third party asserts matter that would permit a prospective purchaser or lessee of the Title a claim covered by this policy adverse to the Insured. This obligation is or lender on the Title to be released from the obligation to purchase, limited to only those stated causes of action alleging matters insured lease or lend if there is a contractual condition requiring the delivery of against by this policy. The Company shall have the right to select marketable title. counsel of its choice (subject to the right of the Insured to object for reasonable cause) to represent the Insured as to those stated causes 2. CONTINUATION OF INSURANCE. of action. It shall not be liable for and will not pay the fees of any other The coverage of this policy shall continue in force as of Date of Policy counsel. The Company will not pay any fees, costs or expenses in favor of an Insured, but only so long as the Insured retains an estate incurred by the Insured in the defense of those causes of action that or interest in the Land, or holds an obligation secured by a purchase allege matters not insured against by this policy. money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any I Page 3 of Policy Serial 0- 5991 - 000089824 1 CONDITIONS Continued (b) The Company shall have the right, in addition to the options To pay or tender payment of the Amount of Insurance under this contained in Sections 3 and 7, at its own cost, to institute and policy together with any costs, attorneys' fees and expenses incurred by prosecute any action or proceeding or to do any other act that in its the Insured Claimant that were authorized by the Company up to the opinion may be necessary or desirable to establish the Title, as time of payment or tender of payment and that the Company is insured, or to prevent or reduce loss or damage to the Insured. The obligated to pay. Company may take any appropriate action under the terms of this Upon the exercise by the Company of this option, all liability and policy, whether or not it shall be liable to the Insured. The exercise of obligations of the Company to the Insured under this policy, other than these rights shall not be an admission of liability or waiver of any to make the payment required in this subsection, shall terminate, provision of this policy. If the Company exercises its rights under this including any liability or obligation to defend, prosecute, or continue any subsection, it must do so diligently. litigation. (c) Whenever the Company brings an action or asserts a (b) To Pay or Otherwise Settle With Parties Other than the defense as required or permitted by this policy, the Company may Insured or With the Insured Claimant. pursue the litigation to a final determination by a court of competent (i) to pay or otherwise settle with other parties for or in the jurisdiction and it expressly reserves the right, in its sole discretion, to name of an Insured Claimant any claim insured against under this appeal from any adverse judgment or order. policy. In addition, the Company will pay any costs, attorneys' fees and expenses incurred by the Insured Claimant that were authorized by the 6. DUTY OF INSURED CLAIMANT TO COOPERATE. Company up to the time of payment and that the Company is obligated (a) In all cases where this policy permits or requires the to pay; or Company to prosecute or provide for the defense of any action or (ii) to pay or otherwise settle with the Insured Claimant the proceeding and any appeals, the Insured shall secure to the Company loss or damage provided for under this policy, together with any costs, the right to so prosecute or provide defense in the action or proceeding, attorneys' fees and expenses incurred by the Insured Claimant that including the right to use, at its option, the name of the Insured for this were authorized by the Company up to the time of payment and that the purpose. Whenever requested by the Company, the Insured, at the Company is obligated to pay. Upon the exercise by the Company of Company's expense, shall give the Company all reasonable aid (i) in either of the options provided for in subsections (b)(i) or (ii), the securing evidence, obtaining witnesses, prosecuting or defending the Company's obligations to the Insured under this policy for the claimed action or proceeding, or effecting settlement, and (ii) in any other lawful loss or damage, other than the payments required to be made, shall act that in the opinion of the Company may be necessary or desirable terminate, including any liability or obligation to defend, prosecute or to establish the Title or any other matter as insured. If the Company is continue any litigation. prejudiced by the failure of the Insured to furnish the required 8. DETERMINATION AND EXTENT OF LIABILITY. cooperation, the Company's obligations to the Insured under the policy This policy is a contract of indemnity against actual monetary loss or shall terminate, including any liability or obligation to defend, prosecute, damage sustained or incurred by the Insured Claimant who has or continue any litigation, with regard to the matter or matters requiring suffered loss or damage by reason of matters insured against by this such cooperation. policy. (b) The Company may reasonably require the Insured Claimant (a) The extent of liability of the Company for loss or damage to submit to examination under oath by any authorized representative under this policy shall not exceed the lesser of: • of the Company and to produce for examination, inspection and (i) the Amount of Insurance; or copying, at such reasonable times and places as may be designated (ii) the difference between the value of the Title as insured by the authorized representative of the Company, all records, in and the value of the Title subject to the risk insured against by this whatever medium maintained, including books, ledgers, checks, policy. memoranda, correspondence, reports, e- mails, disks, tapes, and (b) If the Company pursues its rights under Section 3 or 5 and is videos whether bearing a date before or after Date of Policy, that unsuccessful in establishing the Title, as insured, reasonably pertain to the loss or damage. Further, if requested by any (i) the Amount of Insurance shall be increased by 10 %, and authorized representative of the Company, the Insured Claimant shall (ii) the Insured Claimant shall have the right to have the loss grant its permission, in writing, for any authorized representative of the or damage determined either as of the date the claim was made by the Company to examine, inspect and copy all of these records in the Insured Claimant or as of the date it is settled and paid. custody or control of a third party that reasonably pertain to the loss or (c) In addition to the extent of liability under (a) and (b), the damage. All information designated as confidential by the Insured Company will also pay those costs, attorneys' fees and expenses Claimant provided to the Company pursuant to this Section shall not be incurred in accordance with Sections 5 and 7 of these Conditions. disclosed to others unless, in the reasonable judgment of the g LIMITATION OF LIABILITY. Company, it is necessary in the administration of the claim. Failure of (a) If the Company establishes the Title, or removes the alleged the Insured Claimant to submit for examination under oath, produce defect, lien or encumbrance, or cures the lack of a right of access to or any reasonably requested information or grant permission to secure from the Land, all as insured, or takes action in accordance with reasonably necessary information from third parties as required in this Section 3 or 7, in a reasonably diligent manner by any method, subsection, unless prohibited by law or governmental regulation, shall including litigation and the completion of any appeals, it shall have fully terminate any liability of the Company under this policy as to that claim. performed its obligations with respect to that matter and shall not be liable for any loss or damage caused to the Insured. 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; (b) In the event of any litigation, including litigation by the TERMINATION OF LIABILITY. Company or with the Company's consent, the Company shall have no In case of a claim under this policy, the Company shall have the liability for loss or damage until there has been a final determination by following additional options: a court of competent jurisdiction, and disposition of all appeals, (a) To Pay or Tender Payment of the Amount of Insurance. adverse to the Title, as insured. I Page 4 of Policy Serial 0- 5991 - 000089824 CONDITIONS Continued (c) The Company shall not be liable for loss or damage to the Insured be arbitrated only when agreed to by both the Company and the for liability voluntarily assumed by the Insured in settling any claim or Insured. Arbitration pursuant to this policy and under the Rules shall be suit without the prior written consent of the Company. binding upon the parties. Judgment upon the award rendered by the Arbitrator(s) may be entered in any court of competent jurisdiction. 10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF LIABILITY. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE All payments under this policy, except payments made for costs, CONTRACT. attorneys' fees and expenses, shall reduce the Amount of Insurance by (a) This policy together with all endorsements, if any, attached to the amount of the payment. it by the Company is the entire policy and contract between the Insured and the Company. In interpreting any provision of this policy, this policy 11. LIABILITY NONCUMULATIVE. shall be construed as a whole. The Amount of Insurance shall be reduced by any amount the (b) Any claim of loss or damage that arises out of the status of Company pays under any policy insuring a Mortgage to which the Title or by any action asserting such claim, shall be restricted to this exception is taken in Schedule B or to which the Insured has agreed, policy. assumed, or taken subject or which is executed by an Insured after (c) Any amendment of or endorsement to this policy must be in Date of Policy and which is a charge or lien on the Title, and the writing and authenticated by an authorized person, or expressly amount so paid shall be deemed a payment to the Insured under this incorporated by Schedule A of this policy. policy. (d) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions. 12. PAYMENT OF LOSS. Except as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (ii) modify any prior When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions, the payment shall be made of Insurance. (iii) eh Commitment, m e Date , Policy em increase the Amount o r within 30 days. of Insurance. Each Commitment, endorsement or other form, or provision in the Schedules to this policy that refers to a term defined in Section 1 of the Conditions shall be deemed to refer to the term 13. RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT. regardless of whether the term is capitalized in the Commitment, (a) Whenever the Company shall have settled and paid a claim endorsement or other form, or Schedule. Each Commitment, under this policy, it shall be subrogated and entitled to the rights of the endorsement or other form, or provision in the Schedules that refers to Insured Claimant in the Title and all other rights and remedies in the Conditions and Stipulations shall be deemed to refer to the respect to the claim that the Insured Claimant has against any person Conditions of this policy. or property, to the extent of the amount of any loss, costs, attorneys' fees and expenses paid by the Company. If requested by the 16. SEVERABILITY. Company, the Insured Claimant shall execute documents to evidence In the event any provision of this policy, in whole or in part, is held the transfer to the Company of these rights and remedies. The Insured invalid or unenforceable under applicable law, the policy shall be Claimant shall permit the Company to sue, compromise or settle in the deemed not to include that provision or such part held to be invalid and name of the Insured Claimant and to use the name of the Insured all other provisions shall remain in full force and effect. Claimant in any transaction or litigation involving these rights and remedies. 17. CHOICE OF LAW; FORUM. If a payment on account of a claim does not fully cover the loss of the (a) Choice of Law: The Insured acknowledges the Company has Insured Claimant, the Company shall defer the exercise of its right to underwritten the risks covered by this policy and determined the recover until after the Insured Claimant shall have recovered its loss. premium charged therefore in reliance upon the law affecting interests (b) The Company's right of subrogation includes the rights of the in real property and applicable to the interpretation, rights, remedies or Insured to indemnities, guaranties, other policies of insurance or enforcement of policies of title insurance of the jurisdiction where the bonds, notwithstanding any terms or conditions contained in those Land is located. instruments that address subrogation rights. Therefore, the court or an arbitrator shall apply the law of the 14. ARBITRATION. jurisdiction where the Land is located to determine the validity of claims Either the Company or the Insured may demand that the claim or against the Title that are adverse to the Insured, and in interpreting and controversy shall be submitted to arbitration pursuant to the Title enforcing the terms of this policy. In neither case shall the court or Insurance Arbitration Rules of the American Land Title Association arbitrator apply its conflicts of laws principles to determine the ( "Rules "). Except as provided in the Rules, there shall be no joinder or applicable law. consolidation with claims or controversies of other persons. Arbitrable (b) Choice of Forum: Any litigation or other proceeding brought matters may include, but are not limited to, any controversy or claim by the Insured against the Company must be filed only in a state or between the Company and the Insured arising out of or relating to this federal court within the United States of America or its territories having policy, any service in connection with its issuance or the breach of a appropriate jurisdiction. policy provision, or to any other controversy or claim arising out of the 18. NOTICES, WHERE SENT. transaction giving rise to this policy. All arbitrable matters when the Any notice of claim and any other notice or statement in writing Amount of Insurance is $2,000,000 or less shall be arbitrated at the required to be given the Company under this Policy must be given to option of either the Company or the Insured, unless the Insured is an the Company P.O. Box 2029, Houston, Texas 77252 -2029. individual person (as distinguished from an Entity). All arbitrable matters when the Amount of Insurance is in excess of $2,000,000 shall rstevvart ---- title guaranty company I Page 5 of Policy Serial 0- 5991 - 000089824 1 OWNER'S POLICY OF TITLE INSURANCE Issued by Stewart Title Guaranty Company SCHEDULE A Name and Address of Title Insurance Company: STEWART TITLE GUARANTY COMPANY 15950 Dallas Parkway, Suite 200, Dallas, 75248 File No.: 13- 159295 -SB Policy No.: 0 -5991- 000089824 Address for Reference only: 101 Countryside Court, Southlake, TX 76092 Amount of Insurance: $9,900.00 Premium: $238.00 Date of Policy: November 14, 2013, at 10:21 am 1. Name of Insured: City of Southlake, home rule municipal corporation of the County of Tarrant, State of Texas 2. The estate or interest in the Land that is insured by this policy is: Easement 3. Title is insured as vested in: City of Southlake, home rule municipal corporation of the County of Tarrant, State of Texas 4. The Land referred to in this policy is described as follows: TRACT 1 BEING a 0.0170 acre tract of land situated in the Thomas M. Hood Survey, Abstract No. 706, in the City of Southlake, Tarrant County, Texas, and being a portion of Lot 1R4 of Lots 1R1, 1R2, 1R3, and 1R4, Block B, Ravenaux Village, as depicted in the Declaration of Covenants, Restrictions and Easements recorded in Instrument Number D209215061 of the Official Public Records of Tarrant County, Texas (0.P.R.T.C.T.), said Lot 1R4 being all of that certain tract of land conveyed to Countryside Court, LLC according to the Special Warranty Deed with Vendors Lien (Assumption) as recorded in Instrument No. D211049898, 0.P.R.T.C.T., and being more particularly described by metes and bounds as follows: COMMENCING at a 1/2" iron rod found for the southeast corner of Lot 1R3 of Lots 1R1, 1R2, 1R3, and 1R4, Block B, of said Ravenaux Village, also being the northeast corner of Lot 13 -R1 of Lots 13R -1, 13R -2, 13R -3, 13R -4 and 13R -5 T.M. Hood #706 Addition, on addition to the City of Southlake, Texas according to the plat thereof recorded in Cabinet A, Slide 10509 of the Plat Records of Tarrant County, Texas and being in the west right -of -way line of N. White Chapel Boulevard (variable width right -of -way), from whence on "X" cut found in concrete bears S 00° 41' 30" E (plat -S 00° 01' 41" W), 150.51feet for the southeast corner of said Lot 13 -RI; THENCE N 00° 41' 30" W (plat -S 00° 43' 58" E), with said west right -of -way line of N. White Chapel Boulevard and the east line of said Lot 1R3, passing at a distance of 67.50 feet the most easterly northeast corner of said Lot 1R3, same being the southeast corner of the aforementioned Lot 1 R4, continuing with the said west right -of -way line of N. White Chapel Boulevard and the east line of said Lot 1R4 to the northeast corner of a Variable Width Drainage and Utility Easement as depicted in said Declaration of Covenants, Restrictions and Easements, a total distance of 186.28 feet to the POINT OF BEGINNING; THENCE S 61° 58' 48" W, departing the east line of said Lot 1R4 and the west right -of -way line of said N. White Chapel Boulevard, and with the northwesterly line of said Variable Width Drainage and Utility Easement, 14.80 feet; THENCE S 31° 22' 19" W, with the northwesterly line of said Variable Width Drainage and Utility Easement, 43.86 feet; THENCE N 00° 43' 43" W, departing the northwesterly line of said Variable Width Drainage and Utility Easement, 23.91 feet; FORM T -1: Owner's Policy of Title Insurance Page 1 • Continuation of Schedule A Policy No. 0 -5991- 000089824 THENCE N 37° 46' 59" E, 58.56 feet to the west right -of -way line of said N. White Chapel Boulevard and the east line of said Lot 1R4; THENCE S 00° 43' 21" E (plat -S 00° 43' 58" E), with the west right -of -way line of said N. White Chapel Boulevard and the east line of said Lot 1R4, 25.79 feet to the POINT OF BEGINNING and containing 0.0170 acres or 741 square feet of land, more or less. TRACT 2 BEING a 0.0006 acre tract of land situated in the Thomas M. Hood Survey, Abstract No. 706, in the City of Southlake, Tarrant County, Texas, and being a portion of Lot 1R4 of Lots 1R1, 1R2, 1R3, and 1R4, Block B, Ravenaux Village, as depicted in the Declaration of Covenants, Restrictions and Easements recorded in Instrument Number D209215061 of the Official Public Records of Tarrant County, Texas (0.P.R.T.C.T.), said Lot 1R4 being all of that certain tract of land conveyed to Countryside Court, LLC according to the Special Warranty Deed with Vendors Lien (Assumption) as recorded in Instrument No. D211049898, 0.P.R.T.C.T., and being more particularly described by metes and bounds as follows; COMMENCING at a 1/2" iron rod found for the southeast corner of Lot 1R3 of Lots 1R1, 1R2, 1R3, and 1R4, Block B, of said Ravenaux Village, also being the northeast corner of Lot 13 -RI of Lots 13R -1, 13R -2, 13R -3, 13R -4 and 13R- 5 T.M. Hood #706 Addition, an addition to the City of Southlake, Texas according to the plat thereof recorded in Cabinet A, Slide 10509 of the Plat Records of Tarrant County, Texas and being in the west right -of -way line of N. White Chapel Boulevardvariable width right -of -way), from whence an "x" cut found in concrete bears S 00° 41' 30" E (plat -S 00° 01' 41" W), 150.51 feet for the southeast corner of said Lot 13 -R1; THENCE N 00° 41' 30" W (plat -S 00° 43' 58" E), with said west right -of -way line of N. White Chapel Boulevard and the east line of said Lot 1R3, passing at a distance of 67.50 feet the most easterly northeast corner of said Lot 1R3, same being the southeast corner of the aforementioned Lot 1R4, continuing with the said west right -of -way line of N. White Chapel Boulevard and the east line of said Lot 1R4 to the northeast corner of a Variable Width Drainage and Utility Easement as depicted in said Declaration of Covenants, Restrictions and Easements, a total distance of 186.28 feet; THENCE S 61° 58' 48" W, departing the east line of said Lot 1R4 and the west right -of -way line of said N. White Chapel Boulevard, and with the northwesterly line of said Variable Width Drainage and Utility Easement, 14.80 feet; THENCE S 31° 22' 19" W, with the northwesterly line of said Variable Width Drainage and Utility Easement, 43.86 feet; THENCE S 00° 43' 21" E, with the northwesterly line of said Variable Width Drainage and Utility Easement, 3.83 feet to the POINT OF BEGINNING; THENCE S 53° 43' 12" E, with the northwesterly line of said Variable Width Drainage and Utility Easement, 6.36 feet; THENCE S 36° 16' 48" W, with the northwesterly line of said Variable Width Drainage and Utility Easement, 8.44 feet; THENCE N 00° 43' 21" W, departing the northwesterly line of said Variable Width Drainage and Utility Easement, 10.57 feet to the POINT OF BEGINNING and containing 0.0006 acres or 27 square feet of land, more or less. NOTE: The Company is prohibited from insuring the area or quantity of the land described herein. Any statement in the legal description contained in Schedule "A" as to area or quantity of land is not a representation that such area or quantity is correct, but is made only for informal identification purposes and does not override Item 2 of Schedule "B" hereof. FORM T -1: Owner's Policy of Title Insurance Page 2 Continuation of Schedule A Policy No. 0 -5991- 000089824 FORM T -1: Owner's Policy of Title Insurance Page 3 OWNER'S POLICY OF TITLE INSURANCE Issued by Stewart Title Guaranty Company SCHEDULE B File No.: 13- 159295 -SB Policy No.: 0 -5991- 000089824 EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses) that arise by reason of the terms and conditions of leases and easements, if any, shown in Schedule A, and the following matters: 1. The following restrictive covenants of record itemized below (the Company must either insert specific recording data or delete this exception): Those restrictive covenants recorded in CC #D209215061, Plat Records, Tarrant County, Texas, but omitting any covenant, condition or restriction, if any, based on race, color, religion, sex, handicap, familial status, or national origin unless and only to the extent that the covenant, condition or restriction (a) is exempt under Title 42 of the United States Code, or (b) relates to handicap, but does not discriminate against handicapped persons. 2. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 3. Homestead or community property or survivorship rights, if any, of any spouse of any Insured. 4. Any titles or rights asserted by anyone, including, but not limited to, persons, the public, corporations, governments or other . entities, a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or b. to lands beyond the line of harbor or bulkhead lines as established or changed by any government, or c. to filled -in lands, or artificial islands, or d. to statutory water rights, including riparian rights, or e. to the area extending from the line of mean low tide to the line of vegetation, or the right of access to that area or easement along and across that area. 5. Standby fees, taxes and assessments by any taxing authority for the year 2013, and subsequent years; and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership, but not those taxes or assessments for prior years because of an exemption granted to a previous owner of the property under Section 11.13, Texas Tax Code, or because of improvements not assessed for a previous tax year. 6. The following matters and all terms of the documents creating or offering evidence of the matters (The Company must insert matters or delete this exception.): a. All leases, grants, exceptions or reservations of coal, lignite, oil, gas and other minerals, together with all rights, privileges and immunities relating thereto, appearing in the Public Records whether listed in Schedule B or not. There may be leases, grants, exceptions or reservations of mineral interest that are not listed. b. All visible and apparent easements or uses and all underground easements or uses, the existence of which may FORM T -1: Owner's Policy of Title Insurance Page 4 Continuation of Schedule B Policy No. 0 -5991- 000089824 arise by unrecorded grant or by use. c. Rights of parties in possession. d. Rights of tenants, as tenants only, under unrecorded leases or rental agreements. e. Rights of the public, the State of Texas and the municipality in and to that portion of subject property, if any, lying within the boundaries of any roadway, public or private. f. Airport Zoning Ordinance No. 71 -100 for -Fort Worth International Airport recorded in 7349/1 106, Real Property Records, Tarrant County, Texas. g. Easement created in instrument executed by Countryside White Chapel LP to City of Southlake, dated March 31, 2011, filed April 6, 2011, recorded in CC #D211080437, Real Property Records, Tarrant County, Texas. h. Easement created in instrument executed by K. Wayne Lee to City of Southlake, dated November 5, 2001, filed January 24, 2002, recorded in Volume 15423, Page 328, Real Property Records, Tarrant County, Texas, and as shown on plat recorded in CC #D209215061, Plat Records, Tarrant County, Texas. i. Mineral Deed recorded in CC #D208427783; D209215632, Real Property Records, Tarrant County, Texas. The Company makes no representation as to the present ownership of this interest. j. The terms, provisions, easements, covenants, restrictions and lien for assessments as shown in Restrictions recorded in CC #D209215061, Real Property Records, Tarrant County, Texas; when taken with all Amendments and /or Supplements thereto. Said lien is subordinate to any purchase money lien or the renewal and extension thereof. k. The following easement(s) and /or building line(s) affecting the subject property as shown on Map or Plat recorded in CC #D209215061, Map or Plat Records, Tarrant County, Texas: 30 foot building line along the North and East property line. 5 foot utility easement along the South property line(s). 2.5 foot utility easement along the West property line(s). 10 foot water line easement along the North property line(s). Sight triangles easement located in the Northeast corner of subject property. FORM T -1: Owner's Policy of Title Insurance Page 5 Continuation of Schedule B Policy No. 0 -5991- 000089824 Countersigned Capital Title of Texas, LLC - Southlake Boulevard By _ al,.Alid;d4602 Authorized Signatory FORM T -1: Owner's Policy of Title Insurance Page 6 GF No. 13- 159295 -SB Stewart Title Guaranty Company Owner's Policy No.: 0 -5991- 000089824 Premium Amount Rate Rules Property County Liability Date Type Code 1 2 3 4 5 6 7 8 $238.00 1000 2 439 $9,900.00 11/14/2013