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Thomas M. Hood Survey, Abstract No. 706 (1250 N. White Chapel Blvd) - ROW CITY OF SOUTHLAKE Public Works Administration August 16, 2013 Certified Mail, Return Receipt Requested # 7012 1640 0000 6722 4459 Barry & Tonya McCoy 1250 N. White Chapel Southlake, TX 76092 Subject: FINAL OFFER - 1250 N. White Chapel Blvd, Southlake, Texas 76092 — Parcel 26 Permanent Right Of Way Dear Mr. & Mrs. McCoy: • 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 a 6,457 square feet (0.1482 acre) tract of land that the City proposes to acquire as a permanent Right Of Way and 5,138 square feet for a temporary construction easement. A copy of the appraisal was sent to you with the first offer. The City of Southlake is proposing to widen North White Chapel Boulevard from Emerald Boulevard to SH 114 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 1250 N. White Chapel Boulevard. The City of Southlake is requesting a permanent Right Of Way at this location to allow for the construction of roadway improvements and City access for future construction or maintenance and repair. The City is requesting a temporary construction easement for a period of two years. The City of Southlake is prepared to make you a FINAL OFFER of forty six thousand five hundred thirty dollars ($46,530) as compensation for the proposed Right of Way Acquisition and Temporary Construction Easement. This final offer has increased by a 10% increase of the original offer which is $4,230. All closing costs will be borne by the purchaser. The City would prefer to resolve this matter with you by agreement, we ask that you sign the attached offer and return it to the City by August 30, 2013. A/, N. White Chapel Widening from Emerald Blvd. to SH 114 Page 2 of 2 We hope you will give this offer serious consideration. If in agreement, please sign the offer letter and return it to the City of Southlake in the attached envelope. If you have any questions, or wish to discuss this matter or the City's offer in more detail, please contact Mr. Jerry Hodge of Hodge & Associates at (817) 991 -3161 or jerryh64@verizon.net. Sincerely, Steven D. Anderson, P.E., CFM Civil Engineer cc: File Cheryl Taylor, P.E., CFM, City Engineer EXECUTED this 0 day of 4ISL ,2013 SELLER: Barry and Tonya McCoy By: ;/y t ife 4 7 I lak_, ilk 04--7..._ 1250 North White Chapel Boulevard Southlake, Texas 76092 Electronically Recorded . Tarrant County Texas • Official Public Records 10/16/2013 1 0:46 AM D213269601 PGS 5 $32.00 Capital Titfe NOTIa ATAALITY RIGHTS: IF YOII tter. ERECORDING PARTNERS GF# f /5 PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMAITON FROM THIS INSTRUMENT BEFORE TT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER, OR YOUR DRIVER'S LICENSE NUMBER CITY OF SOUTUL AKE PERMANENT RIGHT -OF -WAY • TEE STATE OF TEXAS KNOW ALL BY THESE PRESENTS: COUNTY OF TARRANT That BARRY and TONYA McCOY, acting by and through the undersigned, its duly authorized representative, of the County of Tarrant, State of Texas (Grantor) for and in consideration of ONE DOIJAR and other good and valuable consideration, paid by the CITY OF SOUTHI.AKE, a municipal corporation of Tarrant County, Texas (Grantee), receipt of which is hereby aclmowledged, does hereby grant, bardg n, sell and convey to said Grantee, its successors and assigns, a permanent right -of -way and the right to construct, reconstruct and perpetually maintain a public street and/or drainage facilities and utilities, together with all necessary appurtenances thereto, and with the right and privilege at any and all times, to enter said premise or any part thereof as is necessary for the proper use of any other right granted herein and for the purpose of constructing • reconstructing, replacing and maintaMing said public street and/or drainage facilities and utilities, and for making connections therewith, in, upon, under and across the following described parcel of land in Tarrant County, Texas (the "Property') being described as follows : Exhibit A", attached hereto and made a part hereof Grantor hereby reserves and retains for itselZ its legal representatives, successors and assigns forever, all of Grantor's interest in the oil, gas, and other minerals in and ender and that may be produced from the Property (collectively, the "Oil and Gas'); provided, however, not included within the definition of Oil and Gas are minerals that form a part of the soil or surface such as sand, iron ore, gravel, uranium or limestone. Grantor waives and relinquishes any use of the surface of the Property for any reason, including • without limitation, the right to enter upon the Property, the exploration and/or removal of such Oil and Gas, and the right to place or maintain any stmct ues, improvements, equipment or pipelines in, on, under or across the Property or to install any fixtures or facilities an the surface of the Property. Notwithstanding the foregoing, such surface use waiver does not prohibit subterranean underground directional drilling activities under the Property that begin upon and are conducted from the surface of real property other than the Property, provided that such drilling activities at all times are sufficiently below • the surface of the Property as to not interfere with or disturb in any manner the present or future use to which Grantee or Grantee's successors and assigns may desire to devote the Property; provided,. however, in no event aha11 the directional drilling or sub - surface activities be at depths less than five hundred (500) feet below the overlying surface of the Property. Grantor, and Grantor's successors and assigns, shall be responsible for any damages to the Property and any improvements from time to time Iocated on the Property caused by Grantor's reservation of such minerals. TO HAVE AND TO HOLD that said conveyed Property unto the Grantee, for the purposes herein set forth, and Grantor hereby binds itself its successors and assigns, to warrant and forever defend the said conveyed property and rights mated herein unto Grantee, its successors and assigns against every person whosoever lawfully claiming or to claim the same or any part thereof by, through or under GRANTOR, but not otherwise. WITNESS MY HAND, this the tJ day of 2013. By: l`/ By /Aka, fi _ 1 BARRItiMeCOY TONYA •Y Capital Title NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL jF# I IS "1 PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMAITON FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER, OR YOUR DRIVER'S LICENSE NUMBER CITY OF SOUTHLAKE PERMANENT RIGHT -OF -WAY THE STATE OF TEXAS KNOW ALL BY THESE PRESENTS: COUNTY OF TARRANT That BARRY and TONYA McCOY, acting by and through the undersigned, its duly authorized representative, of the County of Tarrant, State of Texas (Grantor) for and in consideration of ONE DOLLAR and other good and valuable consideration, paid by the CITY OF SOUTHLAKE, a municipal corporation of Tarrant County, Texas (Grantee), receipt of which is hereby acknowledged, does hereby grant, bargain, sell and convey to said Grantee, its successors and assigns, a permanent right -of -way and the right to construct, reconstruct and perpetually maintain a public street and/or drainage facilities and utilities, together with all necessary appurtenances thereto, and with the right and privilege at any and all times, to enter said premises, or any part thereof, as is necessary for the proper use of any other right granted herein and for the purpose of constructing, reconstructing, replacing and maintaining said public street and/or drainage facilities and utilities, and for making connections therewith, in, upon, under and across the following described parcel of land in Tarrant County, Texas (the "Property') being described as follows : Exhibit "A ", attached hereto and made a part hereof Grantor hereby reserves and retains for itself, its legal representatives, successors and assigns forever, all of Grantor's interest in the oil, gas, and other minerals in and under and that may be produced from the Property (collectively, the "Oil and Gas "); provided, however, not included within the definition of Oil and Gas are minerals that form a part of the soil or surface such as sand, iron ore, gravel, uranium or limestone. Grantor waives and relinquishes any use of the surface of the Property for any reason, including without limitation, the right to enter upon the Property, the exploration and/or removal of such Oil and Gas, and the right to place or maintain any structures, improvements, equipment or pipelines in, on, under or across the Property or to install any fixtures or facilities on the surface of the Property. Notwithstanding the foregoing, such surface use waiver does not prohibit subterranean underground directional drilling activities under the Property that begin upon and are conducted from the surface of real property other than the Property, provided that such drilling activities at all times are sufficiently below the surface of the Property as to not interfere with or disturb in any manner the present or future use to which Grantee or Grantee's successors and assigns may desire to devote the Property; provided, however, in no event shall the directional drilling or sub - surface activities be at depths less than five hundred (500) feet below the overlying surface of the Property. Grantor, and Grantor's successors and assigns, shall be responsible for any damages to the Property and any improvements from time to time located on the Property caused by Grantor's reservation of such minerals. TO HAVE AND TO HOLD that said conveyed Property unto the Grantee, for the purposes herein set forth, and Grantor hereby binds itself, its successors and assigns, to warrant and forever defend the said conveyed property and rights granted herein unto Grantee, its successors and assigns against every person whosoever lawfully claiming or to claim the same or any part thereof, by, through or under GRANTOR, but not otherwise. WITNESS ESS MY HAND, this the day of . 2013. By: 1 as- By 1 i ; . .4 BARRY( McCOY 4t TONYA c OY • STATE OF TEXAS COUNTY OF TARRANT Before me, THE UNDERSIG D AU RJ�TY INAT�m FOR THE State of Texas, on this day personally appeared r( , m wn me to person whose name is subscribed to the foregoing instrument and acknowledged to me that he /she executed the same for the purposes and considerations therein expressed, and in the capacity therein stated. cIV UNDER MY HAND AND SEAL OF OFFICE, this the/ 2 day of (t: , 2013. No ublic in and for the State of Texas My Commission Expires: Pi / #1 UbSc" ► � GAYLE Notary GlE6 1 1 State of Texas + 4 MY Comm. Ex Qucs 5-13 2016 EXHIBIT 'A" RIGHT-OF-WAY ACQUISI T101V 0.1482 ACRES /6 457 SQ. FT. PARCEL A PORTION OF THE BARRY M. McCOY AND TONYA B. McCOY TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS DESCRIPTION BEING a 0.1482 acre tract of land situated in the Thomas M. Hood Survey, Abstract No. 706, in the City of Southlake, Torront County, Texas and being o portion of o tract land conveyed to Barry M. McCoy and Tonya B. McCoy according to the Warranty Deed with Vendor's Lien recorded in Instrument No. 0202000068 of the Deed Records of Tarrant County, Texas ( D.R.T.C.T.), and being more particularly described by metes and bounds as follows: BEGINNING at a 1/2" iron rod found for the northeast corner of the aforementioned McCoy tract, said corner being in the west right —of —way line of N. White Chapel Boulevard (variable width right —of —way) and also being the most easterly southeast corner of a called 7.61 acre tract conveyed to Marguerite Elizabeth Fechtel Revocable Trust (Fechtel Revocable Trust) according to the Warranty Deed as recorded in Instrument No. 0206039011 of the Deed Records of Tarrant County, Texas; THENCE S 00'43'29" E (deed —S 00'10' W), with the east line of said McCoy tract and said west right —of —way line of N. White Chapel Boulevard, 174.93 feet to o 1/2" iron rod found • for the southeast corner of said McCoy tract. said corner also being the northeast corner of a called 1.0 acre tract of lond conveyed to the City of Southlake according to the Warranty Deed as recorded in Instrument No. D199076920, D.R.T.C.T.; THENCE S 89'06'53" W (deed— WEST), departing said west right — of—woy Tine of N. White Chapel Boulevard and with the south line of said McCoy troct and the north line of said City of Southlake tract, 44.93 feet to a 1/2" iron rod with plastic cap stomped "TX REG NO 100189 -00" set for corner at the beginning of o non — tongent curve to the right, said curve having a central angle of 08'57'15 ", o radius of 850.00 feet, o tangent length of 66.55 feet and a chord which bears N 05'08'18" E, 132.70 feet; THENCE, departing the south line of said McCoy tract and the north line of said City of Southlake tract and with said non — tangent curve to the right, an arc distance of 132.84 feet to o 1/2" iron rod with plastic cop stamped "TX REG NO 100189 -00" set for corner at the beginning of a reverse curve to the left, said curve having o central angle of 02'33'00 ", a radius of 978.00 feet, o tangent length of 21.77 feet and o chord which bears N 08'20'26" E, 43.52 feet; THENCE, with said reverse curve to the left, an orc distance of 43.53 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for corner on the north line of said McCoy tract and a south line of the aforementioned Fechtel Revocable Trust tract; NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 1 OF 3 TBPE FIRM REG. N0. F -356 REVISED: JANUARY 7, 2013 TBPLS FIRM REG. NO. 100189 -00 OCTOBER 10, 2012 Two Park Lone Place / 8080 Pork Lone / Suite 600 Dallas, Texas 75231 / Ph. (214) 739 -4741 08- 10 -076.B 8076— P26.dwg EXHIBIT "A" RIGHT - OF-WAY ACQUISITION 0.1482 ACRES /6, 457 SQ. FT. PARCEL A P0R770N OF THE BARRY M. McCOY AND TONYA B. McCOY TRACT - THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHLAKE TARRANT COUNTY, TEXAS THENCE N 89'06'53" E (deed- EAST), with the north line of said McCoy tract and the south line of the said Fechtel Revocable Trust tract, 24.51 feet to the POINT OF BEGINNING and containing 0.1482 acres or 6,457 square feet of land, more or less. FO' NATHAN D. MAIER CONSULTING ENGINEERS, INC. ZJ � �. Ay, �. n L. Melton, R.P.L.S. No. 4268 + • 1 ! s A Registered Professional Land Surveyor . � !� ! e 90 #4268 � Q � {� NOTES: Su% / Beorings for this survey are based on the Western Data Systems Texas Cooperative Network and are referenced to NAD83 State Plane Coordinate System, Texas North Central Zone 4202. Stations DMLN -g and DML2 -g0811 were utilized as base stations during GPS data collection sessions. This survey wos 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 research for easements was performed by Nathan D. Maier Consulting Engineers. Inc. in the preporotion of this survey. NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 2 OF 3 ..\D v TBPE FIRM REG. NO. F -356 REVISED: JANUARY 7, 2013 T BPLS FIRM REG. NO. 100189 -00 Two Park Lane Place / 8080 Park Lane / Suite 600 OCTOBER 10, 2012 Oallas, Texas 75231 / Ph. (214) 739 -4741 08 -10 -076.8 8076- P26.dwg EXHIBIT "A" RIGHT- OF-WAY ACQUISITION 0.1482 ACRES /6, 457 SQ. FT. PARCEL A PORTION OF THE BARRY M. McCOY AND TONYA B. McCOY TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHLAKE, TARRANT COUNTY, TEXAS WILLIAM W RUCKER AND ZENA RUCKER, i it ' i � � \\ .\ TRUSTEES OF TH£ WILLIAM W RUCKER AND ( ��J5 , ZENA RUCKER FAMILY TRUST. in `It DATED: NOVEMBER 19, 1996 VOL. 12591, PG. 2263 LOT 2 -R, BLOCK A -80 PECK ADDITION O P0 D.R. T.C. T. VOL. 38 8-178, T PG 50 NORTH n or SCALE: l " =60' 4 ),90 d' co .c2 ® 1/2- SF (9. G-� Ps& 3 ow � 1.a5 k? �o 16` N 89'06 E o POINT OF 1 /2 - RP J�Y., �P (DEED-EAST) z BEGINNING !1`A 1 /CAP j /1" f� X02 33'00" j tar 4, BLOCK A -80 CK R=978.00' 1. VOLp388- 13 61 T- 21.77' I W P.R. T.G T. L= 43.53' /^ o CB=N 0870'26" E W L. 8 1 /2 - , a - " T MR CAP BARRY M. McCOY AND CL= 43 v TONYA B. McCOY .41C ,..%- lilt INST. NO. 0202000068 0 D.R. T.C.T. d= 0857'15" ^ N R= 850.00' V W T =66.55' co �o . L=132.84' o LOT 5, BLOCK A -80 CB =N 05V8 E 01 PECK ADDITION CL =132.70' VOL. 3 88-137. PG 61 P.R. 7/2' Pr ® 1 /2" !RP 7/2" IRS w /CAP S 89'06'53" W S ABBREVIATION LEGEND 44.93' J (DEED- *EST) LIU 5/6" RP W/Pa TE D.R. T.C. T. DEED RECORDS OF TARRANT --J?- MGR RPLS CAP COUNTY, TEXAS n W O P.R. T C. T PLAT RECORDS OF TARRANT COUNTY, TEXAS Q 4 CAB., SLIDE CABINET. SLIDE CITY OF SOUTHLAKE .Z` is INST. NO. INSTRUMENT NUMBER INST. NO, D199078920 VOL., PG. VOLUME, PAGE D.R. T.C. T. Ott!, C.L. CENTERLINE CALLED 1.0 ACRE £SMT. EASEMENT LOT 6, BLOCK A -80 R.O.W. RIGHT -OF -WAY ^'- PECK ADDITION S0. FT. SOUARE FEET 1+ VOL. 388 -737, PG 61 IRF IRON ROD FOUND . F P.R. T.C. T. IPF IRON PIPE FOUND IRS W /CAP IRON ROD SET 1WTN PLASTIC CAP STAMPED "TX REG NO 7' 100789 -00" ..\ p V NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 3 OF 3 TBPE FIRM REG. NO. F -356 REVISED: JANUARY 7, 2013 TBPLS FIRM REG. NO. 100189 -00 Two Park Lone Ploce / 8080 Pork Lane / Suite 600 OCTOBER 10, 2012 Dallas, Texas 75231 / Ph. (214) 739 -4741 08 -10 -076.8 8076- P26.dwg • PURCHASER'S STATEMENT Date: October 9, 2013 GFNo: 13- 159217 -SB Sale From: Barry M. McCoy and Tonya B. McCoy To: City of Southlake 1250 N White Chapel Blvd. 1400 Main Street, Suite 320 Southlake, TX 76092 Southlake, TX 76092 Property: Please see Exhibit "A "s in file scan for Parcel 26 Right of Way and Parcel 26-SE1 Slope Easement 1250 N White Chapel Blvd Southlake, TX 76092 Purchase Price.- .---- _-------- .-- .___ -- -_ -- -- -- -__ - -- _ -_. $46,530.00 Plus: Charges Record Right of Way to Capital Title of Texas — — -- -- — - — .$28.00 Record Construction Agreement to Capital Title of Texas_ ________$36.00 E- Recording Fee to United eRecording._.__ _________ _____.___ _ _ $18.00 Fees to Capital Title of Texas — — — — — — — — - $750.00 Escrow to Capital Title of Texas____— ________ —_ —_ $750.00 Tax Certificate to United Tax Service, Inc --------------------- -------------------------- - - -POC $59.80 — __ -_ -- $59.80 Title Insurance to Capital Title of Texas --------------------- -_ -_ -- - - - -- _ - - - -- ._$499.00 Single Issue to Capital Title of Texas _______- _.__._- ..__..._- _....._____________$499.00 Guaranty Fee to Texas Title Insurance Guaranty Association.____— _________— Total Charges--- ____ -- — $1,392.80 Gross Amount Due By Purchaser______—_____________-_ ..............----------- -___ -- $47,922.80 Less: Credits Total Credits — — — — $0.00 Balance Due by Purchaser_ ... ......... ....... . . .. — $ $47,922.88 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 prorations 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 City of Southlake By Ga le Giebelstein BY Name: - 4-1,11 C. 1- C.rrc4 l Title: Vnaudr Printed at: 10/04/2013 (04:50 pm) Compliments of Capital Title of Texas, LLC - Southlake Boulevard Order No. 13- 159217 -SB TAX PRORATION AGREEMENT AND DISCLOSURES Date: September 19, 2013 Buyer. City of Southlake 1400 Main Street, Suite 320 South lake, TX 76092 Seller. Barry M. McCoy and Tonya B. McCoy 1250 N White Chapel Blvd. Southlake, TX 76092 Property: TRACT 1 BEING a 0.1482 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 a tract land conveyed to Barry M. McCoy and Tanya B. McCoy according to the Warranty Deed with Vendor's Lien recorded in Instrument No. D202000068 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.), and being more particularly described by metes and bounds as follows: BEGINNING at a 1/2" iron rod found for the northeast corner of the aforementioned McCoy tract, said corner being in the west right -of -way line of N. White Chapel Boulevard (variable width right -of -way) and also being the most easterly southeast corner of a called 7.61 acre tract conveyed to Marguerite Elizabeth Fechtel Revocable Trust (Fechtel Revocable Trust) according to the Warranty Deed as recorded in Instrument No. D206039011 of the Deed Records of Tarrant County, Texas; THENCE S 00° 43' 29" E (deed -S 00° 10' W), with the east line of said McCoy tract and said west right -of -way line of N. White Chapel Boulevard, 174.93 feet to a 1/2" iron rod found for the southeast corner of said McCoy tract, said corner also being the northeast comer of a called 1.0 acre tract of land conveyed to the City of Southlake according to the Warranty Deed as recorded In Instrument No. D199076920, D.R.T.C.T.; THENCE S 89 06' 53" W (deed - WEST), departing said west right -of -way line of N. White Chapel Boulevard and with the south line of said McCoy tract and the north line of said City of Southlake tract, 44.93 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for comer at the beginning of a non - tangent curve to the right, said curve having a central angle of 08° 57' 15", a radius of 850.00 feet, a tangent length of 66.55 feet and a chord which bears N 05° 08' 18" E, 132.70 feet; THENCE, departing the south Ilne of said McCoy tract and the north line of said City of Southlake tract and with said non - tangent curve to the right, an arc distance of 132.84 feet to a 1/2" iron rod with plastic cap stamped 'TX REG NO 100189 -00" set for comer at the beginning of a reverse curve to the left, said curve having a central angle of 02° 33' 00 ", a radius of 978.00 feet, a tangent length of 21.77 feet and a chord which bears N 08° 20' 26" E, 43.52 feet; THENCE, with said reverse curve to the left, an arc distance of 43.53 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for comer on the north line of said McCoy tract and a south line of the aforementioned Fechtel Revocable Trust tract; THENCE N 89° 06' 538 E (deed - EAST), with the north line of said McCoy tract and the south line of the said Fechtel Revocable Trust tract, 24.51 feet to the POINT OF BEGINNING and Tax Proration Agreement & Disclosures Page 1 of 4 Rev. 06/03 Order No: 13-15921 7 -SB containing 0.1482 acres or 6,457 square feet of land, more or Tess. TRACT 2 (EASEMENT) BEING a 0.1180 acre tract ot land situated in the Thomas M. Hood Survey, Abstract No. 706, in the City ot Southlake, Tarrant County, Texas and being a portion of a tract land conveyed to Barry M. McCoy and Tonya B. McCoy according to the Warranty Deed with Vendor's Lien recorded in Instrument No. D202000068 of the Deed Records of Tarrant County, Texas ( D.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 comer of the aforementioned McCoy tract said comer being in the west right -of -way line of N. White Chapel Boulevard (variable width right -of -way) and also being the northeast comer of a called 1.0 acre tract of land conveyed to the City of Southlake according to the Warranty Deed as recorded in Instrument No. D199076920, D.R.T.C.T.; THENCE S 89° 06' 53" W (deed - WEST), departing said west right -of -way line of N. White Chapel Boulevard and with the south line of said McCoy tract and the north line of said City of Southlake tract, 44.93 feet to a 1/2" iron rod with plastic cap stamped 'TX REG NO 100189 -00" set for the POINT OF BEGINNING; THENCE S 89° 06' 53" W (deed - WEST), continuing with the south line of said McCoy tract and the north line of said City of Southlake tract, 29.02 feet to the beginning of a non - tangent curve to the right having a central angle of 08° 29' 44 ", a radius of 879.00 feet, a tangent length of 65.29 feet and a chord which bears N 04° 49' 56" E, 130.21 feet; THENCE, departing the south line of said McCoy tract and the north line of said City of Southlake tract and with said non - tangent curve to the right, an arc distance of 130.33 feet to the beginning of a reverse curve to the left having a central angle of 02° 46' 45 ", a radius of 946.00 feet, a tangent length of 22.95 feet and a chord which bears N 07° 41' 26" E, 45.88 feet; THENCE, with said reverse curve to the left, an arc distance of 45.89 feet to the north line of said McCoy tract and a south line of the remainder of a called 7.61 acre tract conveyed to Marguerite Elizabeth Fechtel Revocable Trust ( Fechtel Revocable Trust) according to the Warranty Deed as recorded in Instrument No. D206039011, D.R.T.C.T.; THENCE N 89° 06' 53" E (deed - EAST), with the north line of said McCoy tract and said south line of the Fechtel Revocable Trust tract, 30.11 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for corner at the beginning of a non - tangent curve to the right having a central angle of 02° 33' 00 ", a radius of 978.00 feet, a tangent length of 21.77 feet and a chord which bears S 08° 20' 26" W, 43.52 feet, from whence a 1/2" iron rod found in the aforementioned west right -of -way line of N. White Chapel Boulevard for the northeast corner of said McCoy tract and the most easterly southeast comer of said Fechtel Revocable Trust tract bears N 89° 06' 53" E (deed - EAST), 24.51 feet; THENCE, departing the north line of said McCoy tract and said south line of the Fechtel Revocable Trust tract and with said non - tangent curve to the right, an arc distance of 43.53 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for the beginning of a reverse curve to the left having a central angle of 08° 57' 15 ", a radius of 850.00 teet, a tangent length of 66.55 feet and a chord which bears S 05° 08' 18" W, 132.70 feet; THENCE, with said reverse curve to the left, an arc distance of 132.84 feet to the POINT OF Tax Proration Agreement & Disclosures Page 2 of 4 Rev. 06/03 Order No: 1 3- 1 5 921 7 -SB BEGINNING and containing 0.1180 acres or 5,138 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. Seller has sold the Property to Buyer and as part of the settlement of this transaction, 1. Ad valorem real property taxes for the current year ❑ have [Si have not been prorated between the parties. 2. Personal propelt� taxes, if any, as to any inventory, mobile home or other personal property situated on the Property ❑ have ® have not been prorated between the parties. 3. Disclosures: ❑ Proration of taxes, if any, is based on tax information from the prior year, the current year's tax status not yet being available. ❑ Taxes on the Property for the prior year did not include the value of any NEW CONSTRUCTION. Proration of taxes for the current year is based on information provided by the appraisal district that the property will be taxed as El Unimproved ❑ Partially improved ❑ Fully improved ❑ Taxes on the property are currently based on an OVER 65 exemption which will not be allowed for the remainder of the current year. Proration of taxes is based on the exemption through settlement, but should not be used to estimate taxes for the full current year, nor for subsequent years. ❑ Taxes on the property are currently based on an AGRICULTURAL, OPEN SPACE OR FOREST LAND valuation and may be subject to ROLLBACK, with additional taxes becoming due for the current and /or prior years. ❑ Taxes on the Property are currently based on a description that appears to contain more land area than the Property, as conveyed, appears to contain. This could result in the imposition of a SUPPLEMENTAL TAX BILL for the current and /or prior years. ❑ Some or all of the Property is not currently being taxed as an independent tax tract or tracts. It is unlikely that the taxing authority(ies) will recognize the Property independently for the current year's taxes and, therefore, NEITHER BUYER NOR SELLER MAY INDEPENDENTLY PAY TAXES FOR THE CURRENT YEAR ON THEIR INDIVIDUAL PORTIONS OF LAND. 4. Capital Title of Texas, LLC - Southlake Boulevard (Settlement Agent) can neither guarantee the accuracy of the tax information provided to it by third parties, nor of any good -faith estimates upon which tax prorations may have been made. 5. The amount of escrow collected at closing for future payment of taxes (Tax Escrow) is determined by Lender, not by Settlement Agent. 6. Settlement Agent assumes no responsibility for notifying taxing entities of this transaction, nor for assisting Buyer with application for any exemptions or special valuations. 7. Personal property Neither title to nor taxes on items of personal property are covered by title insurance. 8. Escrowed Funds: All funds received in this transaction shall be deposited with other funds in one or more non - interest bearing escrow accounts of Escrow Agent in a state or national bank selected by Escrow Agent Escrow Agent shall have no obligation to account to the parties to this transaction in any manner for the value of, or pay to such party any benefit received by Escrow Agent, directly or indirectly, by reason of the deposit of any such funds or the maintenance of such accounts with such Tax Proration Agreement & Disclosures Page 3 of 4 Rev. 06/03 Order No: 13- 159217 -SB bank. Those benefits may include, without limitation, credits allowed by such bank on loans to Escrow Agent's parent company and on accounting, reporting and other services. All parties depositing funds in connection with this escrow are hereby notified that the funds so deposited are insured only to the limit provided by the Federal Deposit insurance Corporation. Agreement: ® Buyer and Seller agree and hereby instruct Settlement Agent to use the following estimated amount(s) for proration of taxes for the current year. $722.15 for 0.1482 (Right of Way) ❑ Seller and Buyer agree and hereby instruct Settlement Agent to perform NO PRORATION of taxes for the current year — AND — El SELLER AND BUYER AGREE TO COOPERATE to pay the taxes for the current year on the Property at such time as the tax bills are issued and before they become delinquent, each paying their prorated portion, Settlement Agent having no liability therefor. ® Seller and Buyer agree that SELLER WILL BE FULLY RESPONSIBLE for payment of taxes for the current year on the Property at such time as the tax bills are issued and before they become delinquent, Settlement Agent having no liability therefor. ❑ Seller and Buyer agree that BUYER WILL BE FULLY RESPONSIBLE for payment of taxes for the current year on the Property at such time as the tax bills are issued and before they become delinquent, Settlement Agent having no liability therefor. 9. In the event actual taxes for current year are determined to be more or less than the figures used by Settlement Agent for estimates or prorations or by lender for Tax Escrow, Seller and Buyer agree to adjust any differences between and among themselves and /or Lender, and to hold Settlement Agent harmless from any liability therefor. 10. Should a bill for Supplemental Tax(es) for prior years be issued on the Property, Seller agrees to immediately pay such taxes and to indemnify and hold harmless Settlement Agent, Stewart Title Guaranty Company (Underwriter), and its Agent. 11. Buyer and Seller agree to indemnify and hold harmless Settlement Agent, Stewart Title Guaranty Company (Underwriter), and its Agent with regard to any Supplemental and /or Rollback Tax(es) for prior years. IN ADDITION, BUYER AND SELLER AGREE THAT ANY DISPUTE IN REGARD TO SUCH TAXES SHALL BE HANDLED BETWEEN BUYER AND SELLER. City of Southlake lett By; illp/g Barry M. McCoy 7 Name: jhn C,• 1 t,n Title: v✓1 a. e,r b4 A (1111 • ya = . cCoy Tax Proration Agreement & Disclosures Page 4 of 4 Rev. 06/03 United Tax Services, Inc. 2400 Dallas Parkway, Suite 560, Plano, TX 75093 ThX S Flit lTt.IVC. Phone: 972- 682 -2716 Fax: 866 -553 -1073 Tax Certificate Property Information File#: 13- 159217 -SB Br SB Legal Description: Hood, Thomas M Survey A 706 Tr 8CO3 Total Acreage: 1.0000 # of Parcel(s): 1 # of Jurisdiction(s): 3 2013 Assessed Value Land: $100,000 Situs Address: 1250 N White Chapel Blvd, southlake TX 76092 Improvements $160,300 Mailing Address: 1250 N White Cpl Blvd, Southlake TX 76092 Total: $260,300 Assessed Owner(s): McCoy, Barry M. Etux Tonya B. Tax Summary Jurisdiction Exemptions TaxYr Base Tax Penalty Due Now Due 01/14 Due 01/14 Tarrant County None 2013 $1,669.56 $0.00 $1,669.56 $1,669.56 $1,669.56 Southlake None 2013 $1,202.59 $0.00 $1,202.59 $1,202.59 $1,202.59 Carroll ISD None 2013 $3,644.20 $0.00 $3,644.20 $3,644.20 $3,644.20 Total 2013 $6,516.35 $0.00 $6,516.35 $6,516.35 $6,516.35 Grand Total All $6,516.35 $0.00 $6,516.35 $6,516.35 $6,516.35 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/O Exempt A7068CO3 03942147 1.0000 2013 $0.6413970 $1,669.56 $0.00 $0.00 $1,669.56 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/O Exempt A7068CO3 03942147 1.0000 2013 $0.4620000 $1,202.59 $0.00 $0.00 $1,202.59 Payment Information for Carroll ISD 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/O Exempt A7068CO3 03942147 1.0000 2013 $1.4000000 $3,644.20 $0.00 $0.00 $3,644.20 Order Information Request Date: 3/26/2013 Request By: Armando Mendo Update Request: Request By: Date Completed: Update Completed: 10/18/2013 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 287520 Page 1 of 1 Friday, October 18, 2013 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 and 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: ` Auth ized Countersignature Senior Chairman of t e Board Company J 4 f Capita! Title of Texas, LLC Chairman of the Board 100 S. ViIIaje 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 loss incurred in your reliance on this Commitment to comply with its requirements or to acquire the interest in the land. Our liability is limited to the amount shown in Schedule A of this commitment and will be subject to the following terms of the Policy: Insuring Provisions, Conditions and Stipulations, and Exclusions. 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. t t title guaranty company COMMITMENT FOR TITLE INSURANCE Issued By Stewart Title Guaranty Company SCHEDULE A Effective Date: September 30, 2013, 8:00 am GF No. 13- 159217 -SB Commitment No. , issued October 16, 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: $46,530.00 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: Fee Simple - Tract 1 Easement - Tract 2 3. Record title to the land on the Effective Date appears to be vested in: Barry M. McCoy and Tonya B. McCoy, husband and wife 4. Legal description of the land: TRACT 1 BEING a 0.1482 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 a tract land conveyed to Barry M. McCoy and Tanya B. McCoy according to the Warranty Deed with Vendor's Lien recorded in Instrument No. D202000068 of the Deed Records of Tarrant County, Texas ( D.R.T.C.T.), and being more particularly described by metes and bounds as follows: BEGINNING at a 1/2" iron rod found for the northeast corner of the aforementioned McCoy tract, said corner being in the west right -of -way line of N. White Chapel Boulevard (variable width right -of -way) and also being the most easterly southeast corner of a called 7.61 acre tract conveyed to Marguerite Elizabeth Fechtel Revocable Trust (Fechtel Revocable Trust) according to the Warranty Deed as recorded in Instrument No. D206039011 of the Deed Records of Tarrant County, Texas; THENCE S 00° 43' 29" E (deed -S 00° 10' W), with the east line of said McCoy tract and said west right -of -way line of N. White Chapel Boulevard, 174.93 feet to a 1/2" iron rod found for the southeast corner of said McCoy tract, said corner also being the northeast corner of a called 1.0 acre tract of land conveyed to the City of Southlake according to the Warranty Deed as recorded In Instrument No. D199076920, D.R.T.C.T.; FORM T -7: Commitment for Title Insurance Page 1 Continuation of Schedule A GF No. 13- 159217 -SB THENCE S 89° 06' 53" W (deed - WEST), departing said west right -of -way line of N. White Chapel Boulevard and with the south line of said McCoy tract and the north line of said City of Southlake tract, 44.93 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for corner at the beginning of a non - tangent curve to the right, said curve having a central angle of 08° 57' 15 ", a radius of 850.00 feet, a tangent length of 66.55 feet and a chord which bears N 05° 08' 18" E, 132.70 feet; THENCE, departing the south line of said McCoy tract and the north line of said City of Southlake tract and with said non - tangent curve to the right, an arc distance of 132.84 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for corner at the beginning of a reverse curve to the left, said curve having a central angle of 02° 33' 00 ", a radius of 978.00 feet, a tangent length of 21.77 feet and a chord which bears N 08° 20' 26" E, 43.52 feet; THENCE, with said reverse curve to the left, an arc distance of 43.53 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for corner on the north line of said McCoy tract and a south line of the aforementioned Fechtel Revocable Trust tract; THENCE N 89° 06' 538 E (deed - EAST), with the north line of said McCoy tract and the south line of the said Fechtel Revocable Trust tract, 24.51 feet to the POINT OF BEGINNING and containing 0.1482 acres or 6,457 square feet of land, more or less. TRACT 2 (EASEMENT) BEING a 0.1180 acre tract ot land situated in the Thomas M. Hood Survey, Abstract No. 706, in the City ot Southlake, Tarrant County, Texas and being a portion of a tract land conveyed to Barry M. McCoy and Tonya B. McCoy according to the Warranty Deed with Vendor's Lien recorded in Instrument No. D202000068 of the Deed Records of Tarrant County, Texas (D.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 the aforementioned McCoy tract said corner being in the west right -of -way line of N. White Chapel Boulevard (variable width right -of -way) and also being the northeast corner of a called 1.0 acre tract of land conveyed to the City of Southlake according to the Warranty Deed as recorded in Instrument No. D199076920, D.R.T.C.T.; THENCE S 89° 06' 53" W (deed - WEST), departing said west right -of -way line of N. White Chapel Boulevard and with the south line of said McCoy tract and the north line of said City of Southlake tract, 44.93 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for the POINT OF BEGINNING; THENCE S 89° 06' 53" W (deed - WEST), continuing with the south line of said McCoy tract and the north line of said City of Southlake tract, 29.02 feet to the beginning of a non - tangent curve to the right having a central angle of 08° 29' 44 ", a radius of 879.00 feet, a tangent length of 65.29 feet and a chord which bears N 04° 49' 56" E, 130.21 feet; THENCE, departing the south line of said McCoy tract and the north line of said City of Southlake tract and with said non - tangent curve to the right, an arc distance of 130.33 feet to the beginning of a reverse curve to the left having a central angle of 02° 46' 45 ", a radius of 946.00 feet, a tangent length of 22.95 feet and a chord which bears N 07° 41' 26" E, 45.88 feet; THENCE, with said reverse curve to the left, an arc distance of 45.89 feet to the north line of said McCoy tract and a south line of the remainder of a called 7.61 acre tract conveyed to Marguerite Elizabeth Fechtel Revocable Trust (Fechtel Revocable Trust) according to the Warranty Deed as recorded in Instrument No. D206039011, D.R.T.C.T.; THENCE N 89° 06' 53" E (deed - EAST), with the north line of said McCoy tract and said south line of the Fechtel Revocable Trust tract, 30.11 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for corner at the beginning of a non - tangent curve to the right FORM T -7: Commitment for Title Insurance Page 2 Continuation of Schedule A GF No. 13 159217 - SB having a central angle of 02° 33' 00 ", a radius of 978.00 feet, a tangent length of 21.77 feet and a chord which bears S 08° 20' 26" W, 43.52 feet, from whence a 1/2" iron rod found in the aforementioned west right -of -way line of N. White Chapel Boulevard for the northeast corner of said McCoy tract and the most easterly southeast corner of said Fechtel Revocable Trust tract bears N 89° 06' 53" E (deed- EAST), 24.51 feet; THENCE, departing the north line of said McCoy tract and said south line of the Fechtel Revocable Trust tract and with said non - tangent curve to the right, an arc distance of 43.53 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for the beginning of a reverse curve to the left having a central angle of 08° 57' 15 ", a radius of 850.00 teet, a tangent length of 66.55 feet and a chord which bears S 05° 08' 18" W, 132.70 feet; THENCE, with said reverse curve to the left, an arc distance of 132.84 feet to the POINT OF BEGINNING and containing 0.1180 acres or 5,138 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): Item No. 1, Schedule B, has been deleted in its entirety. 2. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 3. Homestead or community property or survivorship rights, if any, of any spouse of any insured. (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 2014, 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 Policy (T -2) only.) FORM T -7: Commitment for Title Insurance Page 4 Continuation of Schedule B GF No. 13- 159217 -SB 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. Oil, Gas and Mineral Lease executed by Barry M. McCoy and Tonya B. McCoy, husband and wife to XTO Energy Inc, dated August 14, 2008, filed August 21, 2008, recorded in CC #D208328459, Real Property Records, Tarrant County, Texas. The Company makes no representation as to the present ownership of this interest. FORM T -7: Commitment for Title Insurance Page 5 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. Appears to be clear of liens. Company requires lien affidavit. 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 6 Continuation of Schedule C GF No. 13- 159217 -SB FORM T -7: Commitment for Title Insurance Page 7 COMMITMENT FOR TITLE INSURANCE SCHEDULE D GF No. 13- 159217 -SB Effective Date: September 30, 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 $499.00 Loan Policy $0.00 Endorsement Charges $0.00 Other $0.00 Total $499.00 FORM T -7: Commitment for Title Insurance Page 8 Continuation of Schedule D GF No. 13- 159217 -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 9 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 attorney. These matters will affect your title and your use of the land. When your policy is issued, the coverage will be limited by the Policy's Exceptions, Exclusions and Conditions, defined below. - - EXCEPTIONS 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 10 DELETION OF ARBITRATION PROVISION (Not applicable to the Texas Residential Owner's Policy) Arbitration is a common form f alternative dispute resolution. It can be a quicker and cheaper means to settle a dispute with your Title Ins nce 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 11 Stewart Title Guaranty Company Premium Amount Rate Rules Property County Liability at Type Code Reissue Rate 1 2 3 4 5 6 7 8 $499.00 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 1 customers' personal information, the reasons that we choose to share; and whether you can limit this sharing. fr 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 financial and nonfinancial companies. For our affiliates' everyday business purposes — information about your N 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 nonaffil.iate, such as a third party insurance company, we will disclose your personal information to that nonaffiliate. � ' E..: � ,..i._._i ' ;...,. -e - . 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 buildin: safe_ . ds. 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 corn • anies. 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 our . ersonal 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 stewart title guaranty company IMPORTANT INFORMATION AVISO I PORTANTE FOR INFORMATION, OR PARA INFoRMiACION, 0 TO MAKE A COMPLAINT PARA SOME ER UNA QUEJA CALL OUR TOLL -FREE TELE- LLAME AL N MERO GRATIS PHONE NUMBER 1 -800 729 -1902 1- 800 - 729 -1902 TA BIEN ALSO PUEDE COM NICARSE CON YOU MAY CONTACT EL DEPARTAM NTO DE SEGUROS THE TEXAS DEPARTMENT DE T XAS AL OF INSURANCE AT 1 -800 252 -3439 1- 800 - 252 -3439 para obtener informaci • n sobre: to obtain information on: 1. como someter una • ueja en contra de 1. filing a complaint against an insurance una compania de set uros o agente de company or agent, seguros, 2. whether an insurance company or agent 2. si una compania de .eguros o agente de is licensed, seguros tiene licenci -, 3. complaints received against an insurance 3. quejas recibidas en ontra de una company or agent. compania de segur• o agente de 4. policyholder rights, and seguros, 5. a list of consumer publications and 4. los derechos del as= gurado, y services available through the 5. una lista de publicac ones y servicios Department. para consumidores • isponibles a Craves del Departamento. YOU MAY ALSO WRITE TO THE TEXAS DEPARTMENT OF TAMBIEN PU =DE ESCRIBIR AL INSURANCE DEPARTAMENTo DE SEGUROS DE P.O. BOX 149104 T: XAS AUSTIN, TEXAS 78714 -9104 P.O. BOX 149104 FAX NO. (512) 475 -1771 AUSTIN, T A S 78714 -9104 FAX NO. 0 12) 475 -1771 ste art •title guaranty company TEXAS TITLE INSURANCE !INFORMATION Title insurance insures you against Toss 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 !a 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 attorney. These matters will affect your title and your use of the land. When your Policy is issued, the coverage will be limited by the Policy's Exceptions, Exclusions and Conditions, defined below. - EXCEPTIONS 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 furnish 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 Order No. 13- 159217 -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. Barry M. McCoy and Tonya B. McCoy 1250 N White Chapel Blvd. Southlake, TX 76092 From: Capital Title of Texas, LLC Property: TRACT 1 BEING a 0.1482 acre tract of and situated in the Thomas M. Hood Survey, Abstract No. 706, in the City of Southlake, Tarrant County, Texas and being a portion of a tract land conveyed to Barry M. McCoy and Tanya B. McCoy according to the Warranty Deed with Vendor's Lien recorded in Instrument No. D202000068 of the Deed Records of Tarrant County, Texas ( D.R.T.C.T.), and being more particularly described by metes and bounds as follows: BEGINNING at a 1/2" iron rod found for the northeast comer of the aforementioned McCoy tract, said corner being in the west right -of -way line of N. White Chapel Boulevard (variable width right -of -way) and also being the most easterly southeast comer of a called 7.61 acre tract conveyed to Marguerite Elizabeth Fechtel Revocable Trust (Fechtel Revocable Trust) according to the Warranty Deed as recorded in Instrument No. D206039011 of the Deed Records of Tarrant County, Texas; THENCE S 00° 43' 29" E (deed -S 00° 10' W), with the east line of said McCoy tract and said west right -of -way fine of N. White Chapel Boulevard, 174,93 feet to a 1/2" iron rod found for the southeast comer of said McCoy tract, said comer also being the northeast comer of a called 1.0 acre tract of and conveyed to the City of Southlake according to the Warranty Deed as recorded In Instrument No. D199076920, D.R.T.C.T.; THENCE S 89° 06' 53" W (deed - WEST), departing said west right -of -way line of N. White Chapel Boulevard and with the south line of said McCoy tract and the north line of said City of Southlake tract, 44.93 feet to a 1/2" iron rod with plastic cap stamped 'TX REG NO 100189 -00" set for comer at the beginning of a non - tangent curve to the right, said curve having a central angle of 08° 57' 15 ", a radius of 850.00 feet, a tangent length of 66.55 feet and a chord which bears N 05° 08' 18" E, 132.70 feet; THENCE, departing the south Ilne of said McCoy tract and the north line of said City of Southlake tract and with said non - tangent curve to the right, an arc distance of 132.84 feet to a 112" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for comer at the beginning of a reverse curve to the left, said curve having a central angle of 02° 33' 00 ", a radius of 978.00 feet, a tangent length of 21.77 feet and a chord which bears N 08° 20' 26" E, 43.52 feet; THENCE, with said reverse curve to the left, an arc distance of 43.53 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for corner on the north line of said McCoy tract and a south line of the aforementioned Fechtel Revocable Trust tract; THENCE N 89° 06' 538 E (deed - EAST), with the north line of said McCoy tract and the south line of the said Fechtel Revocable Trust tract, 24.51 feet to the POINT OF BEGINNING and containing 0.1482 acres or 6,457 square feet of land, more or Tess. TRACT 2 (EASEMENT) BEING a 0.1180 acre tract ot land situated in the Thomas M. Hood Survey, Abstract No. 706, in the City ot Southlake, Tarrant County, Texas and being a portion of a tract and conveyed to Barry M. McCoy and Tonya B. McCoy according to the Warranty Deed with Vendor's Lien recorded in Instrument No. D202000068 of the Deed Records of Tarrant County, Texas ( D.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 comer of the aforementioned McCoy tract said comer being in the west right -of -way line of N. White Chapel Boulevard (variable width right -of -way) and also being the northeast comer of a called 1.0 acre tract of and conveyed to the City of Southlake according to the Warranty Deed as recorded in Instrument Affiliated Business Disclosure — United Tax Service Page 1 of 3 Rev. 06/03 No. D199076920, D.R.T.C.T.; THENCE S 89° 06' 53" W (deed- WEST), departing said west right -of -way line of N. White Chapel Boulevard and with the south line of said McCoy tract and the north line of said City of Southlake tract, 44.93 feet to a 1/2" iron rod with plastic cap stamped 'TX REG NO 100189 -00" set for the POINT OF BEGINNING; THENCE S 89° 06' 53" W (deed - WEST), continuing with the south line of said McCoy tract and the north line of said City of South lake tract, 29.02 feet to the beginning of a non - tangent curve to the right having a central angle of 08° 29' 44 ", a radius of 879.00 feet, a tangent length of 65.29 feet and a chord which bears N 04° 49' 56" E, 130.21 feet THENCE, departing the south line of said McCoy tract and the north line of said City of South lake tract and with said non - tangent curve to the right, an arc distance of 130.33 feet to the beginning of a reverse curve to the left having a central angle of 02° 46' 45 ", a radius of 946.00 feet, a tangent length of 22.95 feet and a chord which bears N 07° 41' 26" E, 45.88 feet THENCE, with said reverse curve to the left, an arc distance of 45.89 feet to the north line of said McCoy tract and a south line of the remainder of a called 7.61 acre tract conveyed to Marguerite Elizabeth Fechtel Revocable Trust (Fechtel Revocable Trust) according to the Warranty Deed as recorded in Instrument No. 0206039011, D.R.T.C.T.; THENCE N 89° 06' 53" E (deed-EAST), with the north line of said McCoy tract and said south line of the Fechtel Revocable Trust tract, 30.11 feet to a 112" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for comer at the beginning of a non - tangent curve to the right having a central angle of 02° 33' 00 ", a radius of 978.00 feet, a tangent length of 21.77 feet and a chord which bears S 08° 20' 26" W, 43.52 feet, from whence a 1/2" iron rod found in the aforementioned west right -of -way line of N. White Chapel Boulevard for the northeast comer of said McCoy tract and the most easterly southeast comer of said Fechtel Revocable Trust tract bears N 89° 06' 53" E (deed - EAST), 24.51 feet, THENCE, departing the north line of said McCoy tract and said south line of the Fechtel Revocable Trust tract and with said non - tangent curve to the right, an arc distance of 43.53 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for the beginning of a reverse curve to the left having a central angle of 08° 57' 15 ", a radius of 850.00 teet, a tangent length of 66.55 feet and a chord which bears S 05° 08' 18" W, 132.70 feet; THENCE, with said reverse curve to the left, an arc distance of 132.84 feet to the POINT OF BEGINNING and containing 0.1180 acres or 5,138 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 riot override Item 2 of Schedule "B" hereof. Date: September 19, 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 AENCY, 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 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. City of South lake By; t....�al..� Barry M. McCoy 7 Name: ohn C.• Ttrr Title: VIA A Tonya B. Coy AFFIDAVIT AS TO DEBTS, LIENS, POSSESSION AND TAXES GF #: 13- 159217 -SB State of Texas County of Tarrant SUBJECT PROPERTY: 1250 N White Chapel Blvd Southlake, TX 76092 Please see Exhibit "A "s in file scan for Parcel 26 Right of Way and Parcel 26 -SE1 Slope Easement BEFORE ME, the undersigned authority, on this day personally appeared: Barry M. McCoy and Tonya B. McCoy, 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: NONE Secured Party Approximate Amount 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 imposed 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 30th day of September, 2013. (--- 0,--.L.---.- 7 It-A : Barry M. McCoy .��',� 4t6 T� ya B.0 cCoy SUBSCRIBED AND SWORN TO BEFORE ME, BY Barry M. McCoy and Tonya B. McCoy this 39th -day of- cptemnfer, 2013. 1 li " ` '' . � Public, State of Texas ,�`' "�� GAYLE�GIEBELSTEiI � : 's Printed Name * Notary Public , i b State of Texas M ommission Expires: s N ��o F s� My Comm. Expires 04 -13 -2016 t State of Texas County of Tarrant ( Oc This instrument was acknowledged before me, this h day of- September, 2013. i■�_!°v GAYLE Notary GIEgELPublic STEiN r No ry Public, State of Texas 0 7.w State of Texas +itoFw My Comm. Expires 04 -13 -2016 Notary's Printed Name My Commission Expires: TEMPORARY CONSTRUCTION EASEMENT STATE OF TEXAS § § COUNTY OF TARRANT § Being the owner of the herein - described property, BARRY and TONYA McCOY ( "Owner ") hereby grant to the City of Southlake, Texas (the "City "), and to the City's Contractors, a temporary construction easement through a portion of a tract of land conveyed for the purpose of constructing necessary roadway facilities. The temporary construction easement shall be of variable width and shall be east of, adjacent to and parallel to the Permanent Right -of -Way Line shown on Exhibit "A" attached hereto. It is understood that during construction the Contractors will of necessity require the temporary construction easement to accommodate movement of equipment for handling and placement of piping and supplies, but only as may be necessary, and in no case shall the Contractor permit equipment to become in contact with, or damage existing buildings or other permanent lot improvements. It is further understood that the Contractor shall be required by the City to restore all areas of the lot, relative to fencing, structures, and other improvements to pre- existing conditions, or better. During such restoration, the Contractor shall slope the surface of the temporary construction easement to provide a gradual transition between the roadway and the remainder of the Owner's property. This Temporary Construction Easement is subject to the following additional terms and conditions: a. The easement shall commence on the date the City issues a Notice to Proceed to the construction Contractor for the N. White Chapel Blvd. from Highland St. to SH 114 for an initial term of twenty four (24) months. b. The easement shall terminate on the earlier to occur of (i) final acceptance by the City of the Contractors' work or (ii) the completion of the improvements on subject parcel(s). c. The City MAY extend this Temporary Construction Easement twice for twenty four (24) month increments in return for $ 5,100 paid by the City per twenty four month period to BARRY and TONYA McCOY, provided such payment is received before expiration of the prior term. Temporary Construction Easement, Permission and Access granted this /5 of b 2013. OWNER: ' 75 ,....... I MA,„:71"—.... 7 BARR McCOY A cCOY 4 - 6 7 Page 1 ACKNOWLEDGEMENT THE STATE OF TEXAS § COUNTY OF TARRANT § BEFORE ME, the undersigned authority, in and for the State of Texas, on this day personally appeared , known to me, or proved to me through +D( NtY5 (describe the identity card or other document), to be the same person whose name is subscribed to the foregoing document and acknowledged to me that he executed the same for the purposes and consideration therein expressed and in the capacity stated therein. GIVEN UNDER MY HAND AND SEAL OF OFFICE this/5 day of QCy , 2013. ft No A. .lic, State of Texas SEAL Name of Notary Printed Notary's Commission Expires � �P+Y P4� GAYLEo TEIN 1' <� Notary GIEBELS Put►►Ic " State of Texas lkoov My Comm. Expires 04 -13 -2016 Page 2 EXHIBIT "A" TEMPORARY CONSTRUCT7ON EASEMENT 0.1180 ACRES /5,138 SQ. FT. PARCEL A PORTION OF THE BARRY M. McCOY AND TONYA B. McCOY TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHLAKE TARRANT COUNTY, TEXAS DESCRIPTION BEING a 0.1180 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 a tract land conveyed to Barry M. McCoy and Tonyo B. McCoy occording to the Warranty Deed with Vendor's Lien recorded in Instrument No. D202000068 of the Deed Records of Tarrant County, Texas (D.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 the aforementioned McCoy tract, said corner being in the west right —of —woy line of N. White Chapel Boulevard (variable width right —of —way) and also being the northeast corner of a called 1.0 acre tract of land conveyed to the City of Southlake according to the Warranty Deed as recorded in Instrument No. D D.R.T.C.T.; THENCE S 89'06'53" W (deed— WEST), departing said west right — of —way line of N. White Chapel Boulevard and with the south line of said McCoy tract and the north Tine of said City of Southlake tract, 44.93 feet to a 1/2" iron rod with plastic cop stamped "TX REG NO 100189 -00" set for the POINT OF BEGINNING; THENCE S 89'06'53" W (deed — WEST), continuing with the south line of said McCoy tract and the north line of said City of Southlake tract, 29.02 feet to the beginning of a non — tangent curve to the right having a centrol angle of 08'29'44 ", a radius of 879.00 feet, a tangent length of 65.29 feet and o chord which bears N 04'49'56" E, 130.21 feet; THENCE, deporting the south line of said McCoy tract and the north line of said City of Southlake tract and with said non — tangent curve to the right, an arc distance of 130.33 feet to the beginning of a reverse curve to the left having a central angle of 02'46'45 ", a radius of 946.00 feet, a tangent length of 22.95 feet and a chord which bears N 07'41'26" E, 45.88 feet; THENCE, with said reverse curve to the left. on arc distance of 45.89 feet to the north line of said McCoy tract and o south fine of the remainder of a called 7.61 acre tract conveyed to Marguerite Elizabeth Fechtel Revocable Trust (Fechtel Revocable Trust) according to the Warranty Deed as recorded in Instrument No. D206039011, D.R.T.C.T.; NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 1 OF 4 TBPE FIRM REG. N0. F -356 TBPLS FIRM REG. N0. 100189 -00 REVISED: JANUARY 7, 2013 Two Park Lane Place / 8080 Park Lone / Suite 600 NOVEMBER 2, 2012 Dallas, Texas 75231 / Ph. (214) 739 -4741 08 -10 -076.6 8076— P26— TCE1.dwg .\ EXHIBIT 'A" TEMPORARY COWS7RUC7lcN EASEMENT 0.1180 ACRES /5,138 SQ. FT. PARCEL A PORTION OF THE BARRY M. McCOY AND TONYA B. McCOY TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOIUTHLAKE TARRANT COUNTY, TEXAS THENCE N 89'06'53" E (deed—EAST), with the north line of said McCoy troct and said south line of the Fechtel Revocable Trust tract, 30.11 feet to a 1/2" iron rod with plastic cap stomped "TX REG NO 100189 -00" set for corner at the beginning of o non — tangent curve to the right having a central angle of 02'33'00 ". o radius of 978.00 feet, o tangent length of 21.77 feet and o chord which bears S 08'20'26" W, 43.52 feet, from whence a 1/2" iron rod found in the aforementioned west right —of —way line of N. White Chapel Boulevard for the northeast corner of said McCoy tract and the most easterly southeast corner of said Fechtel Revocable Trust tract bears N 89'06'53" E (deed— EAST), 24.51 feet; THENCE, departing the north line of said McCoy tract and said south line of the Fechtel Revocable Trust troct and with said non — tangent curve to the right, on arc distance of 43.53 feet to o 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for the beginning of o reverse curve to the left having a central angle of 08'57'15 ", o radius of 850.00 feet, o tangent length of 66.55 feet and o chord which bears S 05'08'18" W, 132.70 feet; THENCE, with said reverse curve to the lett, an arc distance of 132.84 feet to the POINT OF BEGINNING and containing 0.1180 acres or 5,138 square feet of land, more or less. ■ Ftw.ATHAN D. iER CONSULTING ENGINEERS, INC. i ''ti 1. n L. Melton, R.P.L.S. No. 4268 Registered Professional Lond Surveyor i 9 #4268 Q . f % s sMr04, r NOTES: C, S UR V _y Bearings for this survey are based on the Western Data Systems Texas Cooperative Network and are referenced to NAD83 State Plane Coordinate System, Texas North Central 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 research for easements was performed by Nathan D. Maier Consulting Engineers, Inc. in the preporation of this survey. NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 2 OF 4 TBPE FIRM REG. N0. F -356 TBPLS FIRM REG. N0. 100189 -00 REVISED: JANUARY 7, 2013 Two Pork Lone Place / 8080 Pork Lone / Suite 600 NOVEMBER 2, 2012 Dallas, Texas 75231 / Ph. (214) 739 -4741 08 -10 -076.8 8076— P26— TCE1.dwg EXHIBIT » A" TEMPORARY CONSIRUC770N EASEMENT 0.1180 ACRES /5,138 SQ. FT. PARCEL A POR770N OF THE BARRY M. McCOY AND TONYA B. McCOY TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHLAKE, TARRANT COUNTY TEXAS ;I I /I ' I j tk\ � ' WILLIAM W RUCKER AND ZENA RUCKER, � � W, TRUSTEES OF THE WILLIAM RUCKER AND � ZENA RUCKER FAM /L Y TRUST, J 1� DATED. NOVEMBER 19, 1996 LOT 2 -R, BLOCK A -80 0,‘ VOL 12 PG. 2263 PECK ADDITION NORTH R R. T.C. T. VOL 388 -178. Pc. 50 P, SSCALE: 1 "= 60' 4 ° 0" S 0,, i 0 1 .0'C -0 0 r /YwF ft, afR N 89716'53` E 61/2 R � 30.11' ' N 89 06'53' E-.24.51' OP. (DEED -EAST) / (DEED -EAST) q1/1' RV 1/2" rlts 1 m. w/ua A a ? LOT 4, BLOCK A -80 BARRY M. McCOY AND V / Ca .J PECK ADDITION TONYA B. McCOY / m VOL, 388 -137, PC, 61 INST. NO. 0202000068 t /2" 4 RR. T,C. T D.R, T,C. T. w /Gw W ° a 0 a s w^ 0.1180 ACRES 3 e r/2 • w/wcr 1918 CAP (5,138 SQ. FT.) Q 1�p ,..^c, C�� j Q �, O pI g Q O'' g i LOT 5, BLOCK A -80 SEE PAGE 4 OF 4 , , o c 1.,1 PECK ADD! > 2 VOL. 388 -1377, . PC. PG. 61 FOR CURVE TABLE m 6» PR.T.CT. 1/ /POINT OF W/CAP .. '. COMMENCING ,// o rb• , \ 111 1/2" !RP S 89V6'53 W/ S 890653" W- 44.93' 29.02' I (DEED -WEST) ABBREVIA770N LEGEND (DEED- WEST) POINT OF D.R. av T,C T. DEED RECORDS OF TARRANT BEGINNING °k vs- w/Pa ►r COUNTY, TEXAS I £ RPLS CAP O.P.R. T. C T. OFFICIAL PUBLIC RECORDS OF TARRANT COUNTY, TEXAS P.R. T C T. PLAT RECORDS OF TARRANT 1 COUNTY, TEXAS CAB., SLIDE CABINET, SLIDE INST. NO. INSTRUMENT NUMBER VOL., PC. VOLUME, PAGE C.C. CENTERLINE CITY OF SOUTHLAKE LOT 6, BLOCK A -80 £SMT EASEMENT INST, NO. 0199076920 PECK ADD/110N 6► 1 VOL. 388 -137, P R.O.W RIGHT -OF -WAY D.R,T.CT, C. SO. FT, SOUARE FEET CALLED 1.0 ACRE I P.R.T.0 T. 1RF IRON ROD FOUND IPF IRON PIPE FOUND IRS W /CAP IRON ROD SET WITH PLASTIC CAP STAMPED "TX REG NO i 100189 -00" 1 NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 3 OF 4 TBPE FIRM REG. NO. F -356 TBPLS FIRM REG. NO. 100189 -00 REVISED: JANUARY 7, 2013 Two Park Lane Place / 8080 Pork Lane / Suite 600 NOVEMBER 2, 2012 Dallas, Texas 75231 / Ph. (214) 739 -4741 08 -10 -076.8 .1=6 \ 1 V 8076— P26— TCE1.dwg EXHIBIT "A" TEMPORARY CONSTRUCTION EASEMENT 0.1180 ACRES /5,138 SQ. FT. PARCEL A PORTION OF THE BARRY M. McCOY AND TONYA B. McCOY TRACT THOMAS M. HOOD SURVEY, ABSTRACT NO. 706 CITY OF SOUTHL4KE TARRANT COUNTY, TEXAS EASEMENT CURVE TABLE 1 N0. DATA N0. DATA CV1 d= 0829 "44" CV2 4= 02'46'45" R= 879.00' R=946,00' T= 65.29' T= 22.95' L= 130.33' L=45.89' CB =N 04'49'56" E CB =N 074126" E CL= 130.21' CL =45.88' CV3 4= 023300" CV4 4= 0857'15" R=978,00' R= 850.00' T= 21.77' T= 66.55' L= 43.53' L= 132.84' CB =S 082026" W CB =S 05 '08'18" W CL= 43.52" CL=132.70' NATHAN D. MAIER CONSULTING ENGINEERS, INC. PAGE 4 OF 4 TBPE FIRM REG. NO. F -356 TBPLS FIRM REG. NO. 100189 -00 REVISED: JANUARY 7, 2013 Two Pork Lone Ploce / 8080 Park Lane / Suite 600 NOVEMBER 2, 2012 Danes, Texas 75231 / Ph. (214) 739 -4741 08 -10 -076.3 8076— P26— TCE1.dwg • Capital Title of Texas, LLC - Southlake Blvd a 100 S. Village Center Drive Southlake, TX 76092 Phone 817- 329 -8989 Fax 817 - 329 -8282 OWNER POLICY OF TITLE INSURANCE TRANSMITTAL November 6, 2013 City of Southlake 1400 Main Street, Suite 320 Southlake, TX 76092 RE: Order No.: 13- 159217 -SB Buyer /Borrower(s): City of Southlake Sellers(s): Barry M. McCoy and Tonya B. McCoy Property Address: 1250 N White Chapel Blvd, 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- 159217 -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 stEwart 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 Toss 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: 4#042/ r stewart V: 10 -title guaranty company Senior Chairman oftnte Board Authorized Countersignature Capital Title of Texas, LLC - Southlake �a «' � Company # Chairman ofthe Board Southlake, TX *l a City, State Prefdent jPocy Sena} Po 1 0- 5991 - 000089817 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. Page 2 of Policy Serial 0- 5991 - 000089817 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 (1) 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: (1) 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 Date (i) "Public for Records": records established under state statutes at damage and shall state, to the extent possible, the basis of calculating Policy 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 - 000089817 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 9. 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 7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; liable for any loss or damage caused to the Insured. TERMINATION OF LIABILITY. (b) In the event of any litigation, including litigation by the In case of a claim under this policy, the Company shall have the Company or with the Company's consent, the Company shall have no 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 4of Policy Serial 0- 5991 - 000089817 • 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 10. REDUCTION OF INSURANCE; REDUCTION OR Arbitrator(s) may be entered in any court of competent jurisdiction. 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 When liability and the extent of loss or damage have been definitely of the terms and provisions of the policy, (ii) modify any prior fixed in accordance with these Conditions, the payment shall be made endorsement, f In Insurance. (iii) eh Commitment, m e Date , endorsement or m e n increase the form, or 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 V art tine guaranty company I Page 5 of Policy Serial 0- 5991 - 000089817 • 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- 159217 -SB Policy No.: 0 -5991- 000089817 Address for Reference only: 1250 N White Chapel Blvd, Southlake, TX 76092 Amount of Insurance: $46,530.00 Premium: $499.00 Date of Policy: October 16, 2013, at 10:46 am 1. Name of Insured: City of Southlake, a municipal corporation of Tarrant County, Texas 2. The estate or interest in the Land that is insured by this policy is: Easement Estate created by that certain Permanent Right -of -Way Agreement by and between Barry and Tonya McCoy and City of Southlake, a municipal corporation of Tarrant County, Texas, dated October 15, 2013, recorded in CC# D213269601, Real Property Records, Tarrant County, Texas. 3. Title is insured as vested in: City of Southlake, a municipal corporation of Tarrant County, Texas 4. The Land referred to in this policy is described as follows: BEING a 0.1482 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 a tract land conveyed to Barry M. McCoy and Tanya B. McCoy according to the Warranty Deed with Vendor's Lien recorded in Instrument No. D202000068 of the Deed Records of Tarrant County, Texas (D.R.T.C.T.), and being more particularly described by metes and bounds as follows: BEGINNING at a 1/2" iron rod found for the northeast corner of the aforementioned McCoy tract, said corner being in the west right -of -way line of N. White Chapel Boulevard (variable width right -of -way) and also being the most easterly southeast corner of a called 7.61 acre tract conveyed to Marguerite Elizabeth Fechtel Revocable Trust (Fechtel Revocable Trust) according to the Warranty Deed as recorded in Instrument No. D206039011 of the Deed Records of Tarrant County, Texas; THENCE S 00° 43' 29" E (deed -S 00° 10' W), with the east line of said McCoy tract and said west right -of -way line of N. White Chapel Boulevard, 174.93 feet to a 1/2" iron rod found for the southeast corner of said McCoy tract, said corner also being the northeast corner of a called 1.0 acre tract of land conveyed to the City of Southlake according to the Warranty Deed as recorded In Instrument No. D199076920, D.R.T.C.T.; THENCE S 89° 06' 53" W (deed - WEST), departing said west right -of -way line of N. White Chapel Boulevard and with the south line of said McCoy tract and the north line of said City of Southlake tract, 44.93 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for corner at the beginning of a non- tangent curve to the right, said curve having a central angle of 08° 57' 15 ", a radius of 850.00 feet, a tangent length of 66.55 feet and a chord which bears N 05° 08' 18" E, 132.70 feet; THENCE, departing the south line of said McCoy tract and the north line of said City of Southlake tract and with said non - tangent curve to the right, an arc distance of 132.84 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for corner at the beginning of a reverse curve to the left, said curve having a central angle of 02° 33' 00 ", a radius of 978.00 feet, a tangent length of 21.77 feet and a chord which bears N 08° 20' 26" E, 43.52 feet; THENCE, with said reverse curve to the left, an arc distance of 43.53 feet to a 1/2" iron rod with plastic cap stamped "TX REG NO 100189 -00" set for corner on the north line of said McCoy tract and a south line of the aforementioned Fechtel Revocable Trust tract; THENCE N 89° 06' 538 E (deed- EAST), with the north line of said McCoy tract and the south line of the said Fechtel FORM T -1: Owner's Policy of Title Insurance Page 1 • Continuation of Schedule A Policy No. 0 -5991- 000089817 Revocable Trust tract, 24.51 feet to the POINT OF BEGINNING and containing 0.1482 acres or 6,457 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 OWNER'S POLICY OF TITLE INSURANCE Issued by Stewart Title Guaranty Company SCHEDULE B File No.: 13- 159217 -SB Policy No.: 0 -5991- 000089817 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): Item No. 1, Schedule B, has been deleted in its entirety. 2. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 3. Homestead or community property or survivorship rights, if any, of any spouse of any Insured. 4. Any titles or rights asserted by anyone, including, but not limited to, persons, the public, corporations, governments or other entities, a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or b. to lands beyond the line of 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 2014, 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 arise by unrecorded grant or by use. FORM T -I: Owner's Policy of Title Insurance Page 3 Continuation of Schedule B Policy No. 0 -5991- 000089817 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. Oil, Gas and Mineral Lease executed by Barry M. McCoy and Tonya B. McCoy, husband and wife to XTO Energy Inc, dated August 14, 2008, filed August 21, 2008, recorded in CC #D208328459, Real Property Records, Tarrant County, Texas. The Company makes no representation as to the present ownership of this interest. Countersigned Capital Title of Texas, LLC - Southlake Boulevard el tA - AtAi r d 4fr* By Authorized Signatory FORM T -1: Owner's Policy of Title Insurance Page 4 GF No. 13- 159217 -SB Stewart Title Guaranty Company Owner's Policy No.: 0 -5991- 000089817 Premium Amount Rate Rules Property County Liability Date Type Code 1 2 3 4 5 6 7 8 $499.00 1000 2 439 $46,530.00 10/16/2013