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R-01-04-26-14D2 - 4/26/2001RESOLUTION NO. R- 01- 04- 26 -14D2 WHEREAS, the City desires to purchase a 0.055 acre tract of land for right - of - way for the CR 113 Project, and WHEREAS, The Nixon Family Trust, Clifford B. Nixon, and Eloise K. Nixon, Trustee, the owners of the property, have agreed to sell said property to the City, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City an Earnest Money Contract with The Nixon Family Trust, Clifford B. Nixon, and Eloise K. Nixon, Trustee, for the purchase of the above described property, a copy of said Earnest Money Contract being attached hereto and incorporated herein for all purposes. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended, and the Act. RESOLVED this 26th day of Apr , 200 A JO4 E LAND, City Secretary 01\ RPDOCS \RSSOLDTI \R10436D3.WPD /Bc a2a„�oc- ROB " A. STLUKA, JR., Mayor City of Round Rock, Texas EARNEST MONEY CONTRACT 1. PARTIES: The Nixon Family Trust, Clifford B. Nixon, and Eloise K. Nixon, Trustees (Seller) agrees to sell and convey to THE CITY OF ROUND ROCK, TEXAS (Buyer) and Buyer agrees to buy from Seller the property described below. 2. PROPERTY: Approximately 0.055 acres of land, being more particularly described in Exhibit — A" attached hereto. 3. CONTRACT SALES PRICE: A. Cash portion of Sales Price payable by Buyer $ 11,000.00 $ n a $ 11,000.00 B. Sum of financing described below C. Sales Price (Sum of A and B) 4. FINANCING: Not Applicable 5. EARNEST MONEY: Buyer shall deposit $100 as Earnest Money with Brown McCarroll Sheets & Crossfield, L.L.P. 6. TITLE POLICY, ABSTRACT AND SURVEY: A. TITLE POLICY: Buyer will acquire. B. ABSTRACT OF TITLE: Buyer will acquire. C. SURVEY REQUIRED: Buyer will acquire. NOTICE TO SELLER AND BUYER: (1) Buyer is advised to have an Abstract covering the Property examined by an attorney of Buyer's selection, or Buyer should be furnished with or obtain a Title Policy. If a Title Policy is furnished, the Commitment should be promptly reviewed by an attorney of Buyer's choice due to the time limitations on Buyer's right to object. (2) If the Property is situated in a utility or other statutorily created district providing water, sewer, drainage, or flood control facilities and services, Chapter 50 of the Texas Water Code requires Seller to deliver and Buyer to sign the statutory notice relating C \TEXT \ROONOROCR\ CONDEMNATION\ CR113\ CONVeyANC® OCUR +I&1TS \NIXONSARNSSTMONBY.00C /ba to the tax rate, bonded indebtedness, or standby fee of the district prior to final execution of this contract. (3) Buyer is advised that the presence of wetlands, toxic substance including lead base paint or asbestos and waste or other environmental hazards or the presence of a threatened or endangered species or its habitat may affect Buyer's intended use of the Property. If Buyer is concerned about these matters, an addendum either promulgated by TREC or required by the parties should be used. (4) If the Property adjoins and shares a common boundary with the tidally influenced submerged lands of the state, Section 33.135, Texas Natural Resources Code, requires a notice regarding coastal area property to be included in the contract. An addendum either promulgated by TREC or required by the parties should be used. 7. PROPERTY CONDITION: Buyer accepts the Property in its present condition, subject only to as is. 8. BROKER'S REPRESENTATION AND FEES: NONE 9. CLOSING: The closing of the sale shall be on or before June 15, 2000 or within 7 days after objections to title have been cured, whichever date is later (the Closing Date); however, if financing or assumption approval has been obtained pursuant to Paragraph 4, the Closing Date shall be extended up to 15 days only if necessary to comply with lender closing requirements (for example, survey, closing documents). If either party fails to close this sale by the Closing Date, the non - defaulting party shall be entitled to exercise the remedies contained in Paragraph 14. At closing, Seller shall furnish tax statements or certificates showing no delinquent taxes and a General Warranty Deed conveying good and indefeasible title showing no additional exceptions to those permitted in Paragraph 6. 10. POSSESSION: The possession of the Property shall be delivered to Buyer at closing. 11. SPECIAL PROVISIONS: none. 12. SALES EXPENSES: The following expenses shall be paid at or prior to closing: A. Loan appraisal fees shall be paid by N /A. B. The total of loan discount and buydown fees shall not exceed N /A% of the loan of which Seller shall pay the first N /A% of the loan and Buyer shall pay the remainder. C. Seller's Expenses: None. D. Buyer's Expenses: Application, , and commitment fees; loan assumption cost; preparation and recording of deed of trust to secure assumption; expenses incident to new loan(s): (for example, preparation of any note, deed of trust, and other loan documents, recording fees, tax service and research fees, warehouse or underwriting fees, copies of restrictions and easements, amortization schedule, premiums for mortgagee title policies and endorsements required by lender; credit reports, photos); any required reserve deposits for ad valorem taxes and special governmental assessments; interest on all monthly installment payment notes from date of disbursements to one month prior to dates of first monthly payments; one -half of escrow fee and expenses stipulated to be paid by Buyer under other provisions of this contract. E. If any sales expense exceeds the amount stated in this contract to be paid by either party, either party may terminate this contract unless either party agrees to pay such excess. 13. PROBATIONS AND ROLLBACK TAXES: A. PRORATIONS. Interest on any assumed loan, current taxes, any rents, maintenance fees and assessments shall be prorated through the Closing Date. If ad valorem taxes for the year in which the sale is closed are not available on the Closing Date, proration of taxes shall be made on the basis of taxes assessed in the previous year. B. ROLLBACK TAXES. If this sale or Buyer's use of the Property after closing results in the assessment of additional taxes for periods prior to closing, the additional taxes shall be the obligation of the Buyer. If Seller's change in use of the Property prior to closing or denial of a special use valuation on the Property claimed by Seller results in the assessment of additional taxes for periods prior to closing, the additional taxes shall be the obligation of Seller. Obligations imposed by this paragraph shall survive closing. 14. DEFAULT: If Buyer fails to comply with this contract, Buyer shall be in default. Seller may either (a) enforce specific performance, seek such other relief as may be provided by law, or both, or (b) terminate this contract and receive the Earnest Money as liquidated damages, thereby releasing both parties from this contract. If Seller is unable without fault to deliver the Commitment within the time allowed, Buyer may either terminate this contract and receive the Earnest Money as the sole remedy or extend the time for performance up to 15 days and the Closing Date shall be extended as necessary. If Seller fails to comply herewith for any other reason, Seller shall be in default and Buyer may either (a) enforce specific performance, seek such other relief as may be provided by law, or both, or (b) terminate this contract and receive the Earnest Money, thereby releasing both parties from this contract. 15. ATTORNEY'S FEES: If Buyer, Seller or Escrow Agent is a prevailing party in any legal proceeding brought under or with relation to this contract, such party shall be entitled to recover from the non - prevailing parties all costs of such proceeding and reasonable attorney's fees. 16. ESCROW: The Earnest Money is deposited with Escrow Agent with the understanding that Escrow Agent is not (a) a party to this contract and does not have any liability for the performance or non - performance of any party to this contract (b) liable for interest on the Earnest Money or liable for any loss of Earnest Money caused by the failure of any financial institution in which the Earnest Money has been deposited, unless the financial institution is acting as Escrow Agent. If any either party makes demand for the payment of the Earnest Money, Escrow Agent has the right to require from all parties a written release of liability of Escrow Agent for disbursement of the Earnest Money. Any refund or disbursement of Earnest Money under this contract shall be reduced by the amount of unpaid expenses incurred on behalf of the party receiving the Earnest Money, and Escrow Agent shall pay the same to the creditors entitled thereto. At closing, the Earnest Money shall be applied to any cash down payment, then to Buyer's closing costs and any excess refunded to Buyer. Demands and notices required by this paragraph shall be in writing and delivered by hand delivery or by certified mail, return receipt requested. 17. REPRESENTATIONS: Seller represents that as of the Closing Date (a) there will be no liens, assessments, Uniform Commercial Code or other security interests against any of the Property which will not be satisfied out of the Sales Price, unless securing payment of any loans assumed by Buyer and (b) assumed loans will be without default. If any representation in this contract is untrue on the Closing Date this contract may be terminated by Buyer and the Earnest Money shall be refunded to Buyer. All representations contained in this contract and an agreement for mediation shall survive closing. 18. NOTICES: All notices shall be in writing and effective when mailed to or hand - delivered at the addresses shown below. 19. FEDERAL TAX REQUIREMENT: If Seller is a "foreign person ", as defined by applicable law, or if Seller fails to deliver an affidavit that Seller is not a "foreign person ", then Buyer shall withhold from the sales proceeds an amount sufficient to comply with applicable tax law and deliver the same to the Internal Revenue Service together with appropriate tax forms. IRS regulations require filing written reports if cash in excess of specified amounts is received in the transaction. 20. USE AND UTILITIES: The intended use of the Property by Buyer is as highway right of way. Utilities required at the Property for such use are [N /A]water; [N /Alsanitary sewer; [N /A)gas; [N /Al electricity; [N /A]telephone; [N /A]None; [N /A)None. If Buyer ascertains that applicable zoning ordinances, easements, restrictions or governmental laws, rules or regulations prevent such intended use or that such required utilities are not available, or that the Property is located within the 100 year flood plain as shown on the current Federal Emergency Management Agency map, and Buyer so notifies Seller within ten (10) days after the effective date of this contract, the same shall terminate and the Earnest Money shall be refunded to Buyer. Buyer's failure to give the notice within the required time shall constitute Buyer's acceptance of the Property. 21. DISPUTE RESOLUTION: It is the policy of the State of Texas to encourage the peaceable resolution of disputes through alternative dispute resolution procedures. The parties are encouraged to use an addendum approved by TREC to submit to mediation disputes which cannot be resolved in good faith through informal discussion. 22. AGREEMENT OF PARTIES: The contract contains the entire agreement of the parties and cannot be changed except by their written agreement. Addenda which are a part of this contract are: NONE 23. CONSULT YOUR ATTORNEY: This is intended to be a legally binding contract. READ IT CAREFULLY. If you do not understand the effect of this contract, consult your attorney BEFORE signing. BUYER'S ATTORNEY AND ADDRESS: Charles Crossfield Brown McCarroll Sheets & Crossfield, L.L.P. 309 East Main Round Rock, Texas 78664 SELLER'S ATTORNEY AND ADDRESS: EXECUTED in multiple originals on BUYER C Y OF B */i ITS: " py#,R. ADDRESS AND TELEPHONE: Charles Crossfield Brown McCarroll Sheets & Crossfield, L.L.P. 309 East Main Round Rock, Texas 78664 SELLER ADDRESS AND TELEPHONE: 300 Kiphon Road Round Rock, Texas 78664 (4% 7,55 - 9 /7 Nixon Family Trust ZO Cli ord B. Ni on (TRTYSTEE ) Eloise K. Nixon (TRUSTEE) RECEIPT Receipt of [ ] Contract and [ ] $100 Earnest Money in the form of is acknowledged. Date: , 2000. PREPARED IN THE OFFICE OF: Brown McCarroll Sheets & Crossfield L.L.P. 309 East Main Round Rock, Texas 78664 By: FIELD NOTE DESCRIPTION FOR A 0.055 ACRE TRACT: BEING A TRACT OR PARCEL OF LAND SITUATED IN WILLIAMSON COUTY, TEXAS, AND BEING OUT OF AND A PART OF THE WILLIS DONAHO SURVEY, ABSTRACT No. 173, AND BEING A PART OF GREENSLOPE ADDITION AMENDED, LOT 1, A SUBDIVISION ACCORDING TO THE PLAT THEREOF RECORDED IN CABINET 'D" SLIDE 62, OF THE PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS, BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS. BEGINNING, at an iron rod found at a point in the north right -of -way line of County Road No. 113, known locally as Kiphen Road, for the southwest comer of said Lot 1, also being a point in the east line of that certain 152.38 acre tract of land conveyed to Rudolf Wallin and recorded in Volume 450, Page 114, of the Deed Records of Williamson County, Texas, for the southwest comer and the POINT OF BEGINNING of the herein described tract; THENCE, with the west line of said Lot 1 and the east line of said 152.38 acre tract, North 18 °54'42" West, a distance of 7.97 feet, to a calculated point of intersection with a curve, for the northwest comer of this tract; THENCE, crossing said Lot I, along the following two (2) courses. 1. 151.84' feet along the arc of a curve to the right, said curve not being tangent to the previous course, and having a radius of 1050.00 feet, a central angle of 08 °14'13" and a long chord which bears North 87 °14'13" East for a distance of 151.71 feet to a calculated point; 2. South 88°37'12" East, a distance of 17.08 feet, to a calculated point in the west line of Lot IA, of said Greenslope Addition Amended, and the east line of said Lot 1 for the northeast comer of this tract; THENCE, with the east line of said Lot I and the west line of said Lot 1A, South 06 °58'39" East, a distance of 16.59 feet, to an iron rod found at a point in the north right - of -way line of said County Road No. 113, for the southeast corner of said Lot 1, the southwest corner of said Lot IA, and for the southeast corner of this tract; THENCE, with the north right -of -way line of said County Road No. 113, being the south line of said Lot I, North 89°18'43" West, a distance of 168.05 feet, to the POINT OF BEGINNING. Containing 0.055 acres of land more or less. Randall S. Jones Date Registered Professio Land Surveyor No. 4391 State of Texas Date: September 28, 2000 RJ Surveying Inc. 1212 East Braker Lane Austin, Texas 78753 S:1Land Projects R216585docs\GREENSLOPEI doc Page 1 of 1 Revised on 10 -06-00 Revised on 01 -16-01 Revised on 02 -14-01 Exkki "A" A 0.055 ACRE TRACT OF LAND, SITUATED IN WILLIAMSON COUNTY, TEXAS, AND BEING OUT OF' THE WIWS DONAHO SURVEY, ABSTRACT No 173, AND BEING A PART OF LOT 1, GREENSLOPE ADDITION AMENDED, RECORDED IN CABINET "D" SLIDE 62, OF THE PLAT RECORDS OF WILUAMSON COUNTY, TEXAS. SCALE 1 " =50' RUDOLF WALUN 450/114 W.C.D.R. S� \Land Projects R2 \658 \dwg \65BrowBW.dwg 02/21/01 0813221 AM CST SKETCH TO ACCOMPANY FIELD NOTES: 7.97' 0 15 N Zi o co REMAINDER OF -a co. di ca. LOT 1 GREENSLOPE S m ADDITION AMENDED CABINET "D ", SUDE 62 y rn N W. C.P.R. r" ''''..-.1 - di 588'37'12 "E N 17 .._::- 01 N89'18 43 "W 168.05 rn _ OF 0E01N — ' 10 \NS — — Co. Rd. 113 "Kiphen Road" LOT 1A GREENSLOPE ADDITION AMENDED CABINET "D ", SLIDE 62 W.C.P.R. CURVE TABLE CURVE C1 LENGTH 151.84' RADIUS 1050.00' TANGENT 76.05' CHORD 151.71' DIRECTION N87'14'13 "E DELTA 8'17'08" RJ SURVEYING INC. LEGEND: W.C.D.R =WILLIAMSON COUNTY DEED RECORDS W.C.P.R.=WILLIAMSON COUNTY PLAT RECORDS ( ) RECORD PER VOL. 2336, PG. 22 W.C.D.R. • = IRON ROD FOUND A = CALCULATED POINT J PEAT LINE 10' STRIP DEDICATED FOR STREET WIDENING, PER PLAT, CABINET "D ", SLIDE 62, W.C.P.R)- 1 DATE: SEPTEMBER 28, 2000 REVISED: JANUARY 16, 2001 REVISED: FEBRUARY 14, 2001 ENGINEERING PLANNING SURVEYING 1212 BRAKER LANE AUSTIN, TEXAS 78753 (512) 836 -4793 DATE: April 20, 2001 SUBJECT: City Council Meeting — April 26, 2001 ITEM: 14.D.2. Consider a resolution authorizing the Mayor to execute a Real Estate Contract with the Nixon Family Trust, Clifford B. Nixon, and Eloise K. Nixon, Trustee for right -of -way for the CR 113 project. Resource: Steve Sheets, City Attomey Julie Wolff, Legal Assistant History: This contract with Mr. and Mrs. Nixon is for right -of -way acquisition for the CR 113 project. On April 12, 2001 the Round Rock City Council passed an ordinance determining the need and necessity for this acquisition. Funding: Cost: $11,000 Source of funds: Williamson County, Transportation System Development Corporation and Developers Outside Resources: Randall Jones Engineering, Sheets & Crossfield Impact: N/A Benefit: Improved mobility on CR 113 and new waterline. Public Comment: Several meetings with affected property owners. Sponsor: N/A ISSUED BY lawyersZrtleInsurance &oration SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS, LAWYERS TITLE INSURANCE CORPORATION, a Virginia corporation, herein called the Company, Insures, as of Date of Policy shown in Schedule A, against loss or damage, not exceeding the Amount of Insurance stated in Schedule A, sustained or incurred by the Insured by reason of: 1. Title to the estate or interest descnbed in Schedule A being vested other than as stated therein; 2. Any defect in or lien or encumbrance on the title; 3. Any statutory or constitutional mechanic's, contractor's, or matenalmen's lien for labor or material having its inception on or before Date of Policy, 4. Lack of a right of access to and from the land; 5. Lack of good and Indefeasible title. The Company also will pay the costs, attorneys' fees and expenses incurred in defense of the tale, as insured, but only to the extent provided in the Conditions and Stipulations. IN WITNESS WHEREOF, LAWYERS TITLE INSURANCE CORPORATION has caused its corporate name and seal to be hereunto affixed by its duly authorized officers, the Policy to become valid when countersigned by an authonzed officer or agent of the Company. LAWYERS TITLE INSURANCE CORPORATION Attest: d ',71 t S �bf �v i LrL ri W�ST �Si4 By: S'3 L Secretary 1925 fi h t1 ACM Xe ��— EXCLUSIONS FROM COVERAGE OWNER'S POLICY OF TITLE INSURANCE President The following matters are expressly excluded from the coverage of thus policy and the Company will not pay loss or damage, costs, attomeys' fees or expenses which ansa by reason o1: 1. (a) Any law, ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations) resincting, regulating, prohibiting or relating to (i) the occupancy, use, or enjoyment of the land; (s) the character, dimensions or location of any Improvement now or hereafter erected on the land; (is) a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part; or (w) environmental protection, or the effect Of any violation of these laws, ordinances or govemmental regulations, except to the extent that a notice of the enforcement thereof or a notice of a defect, hen or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Data of Policy. (b) Any govemmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from coverage any taking that has occurred prior to Date of Policy which would be binding on the nghts of a purchaser for value without knowledge. 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 pnor 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; (e) resulting in loss or damage that would not have been sustained if the insured claimant had paid value for the estate or interest insured by this policy. 4. The refusal of any person to purchase, lease or lend money on the estate or interest covered hereby in the land descnbed in Schedule A because of unmarketabilny of the title. 5. Any claim which arises out of the transaction vesting In the person named in paragraph 3 of Schedule A the estate or interest insured by this policy, by reason of the operation of federal bankruptcy, state insolvency, or other state or federal creditors' rights laws that is based on either (i) the transaction creating the estate or interest Insured by this Policy being deemed a fraudulent conveyance or fraudulent transfer or a voidable distnbution or voidable dividend, (ii) the subordination or recharacterization of the estate or interest insured by this Policy as a result Of the application of the doctnne of equitable subordination or (ni) the transaction creating the estate or interest insured by this Policy being deemed a preferential transfer except where the preferential transfer results from the failure of the Company or 43158510g agent to timely file for record the instrument of transfer to the Insured after delivery or the failure of such recordation to impart notice to a purchaser for value or a judgment or lien creditor. Texas Owner's Policy T -1 (Rev. 1 -1 -93) Cover Page Form 1178 -22 ORIGINAL 1. DEFINITION OF TERMS. The following terms when used in this policy mean, (a) 'insured' the Insured named in Schedule A, and, subject to any rights or defenses the company would have had against the named Insured those who succeed to the Interest of the named insured by operation of law as distinguished from purchase including, but not limited to, heirs, distnbulees, devisees, survivors, personal representatives, next of kin, or corporate, partnership or fiduciary successors, and specifically, without limitation, the following, (i) the successors in interest to a corporation resulting from merger or consolidation or the distribution of the assets of the corporation upon partial or complete liquidation, (ii) the partnership successors in interest to a general or limited partnership which dissolves but does not terminate, (111) the successors in interest to a general or limited partnership resulting from the distribution of the assets of the general or limited partnership upon partial or complete liquidation, (Iv) the successors in interest to a joint venture resulting from the distribution of the assets of the joint venture upon partial or complete liquidation, (v) the successor or substitute trustee(s) of a trustee named in a written trust Instrument or (vi) the successors in Interest to a trustee or trust resulting from the distrbution of all or part of the assets of the trust to the beneficianes thereof (b) 'insured claimant' , an insured claiming loss or damage. (c) 'knowledge' or 'known'. actual knowledge. not constructive knowledge or notice that may be imputed to an insured by reason of the public records as defined in this policy or any other records which impart constructive notice of matters aff ecting the land (d) 'land' the land descnbed or referred to In Schedule A, and Improvements affixed thereto that by law constitute real property The term 'land' does not include any property beyond the lines of the area descnbed or referred to in Schedule A, nor any nght, title, interest, estate or easement In abutting streets, roads, avenues, alleys, lanes, ways or waterways, but nothing herein shall modify or limit the extent to which a nght of access to and from the land is insured by this policy (e) 'mortgage' mortgage, deed of trust, trust deed, or other secunty instrument (f) 'public records' records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters relating to real property to purchasers for value and without knowledge With respect to Section 1 (a)(Iv) of the Exclusions From Coverage, "public records' also shall include environmental protection liens filed in the records of the clerk of the United States distnct court for the distnct m which the land is located (g) 'access': legal nght of access to the land and not the physical condition of access The coverage provided as to access does not assure the adequacy of access for the use intended 2. CONTINUATION OF INSURANCE AFTER CONVEYANCE OF TITLE. The coverage of this policy shall continue In force as of Dale of Policy In favor of an Insured only so long as the insured retains an estate or interest in the land, or holds an indebtedness secured by a purchase money mortgage given by a purchaser from the insured, or only so long as the insured shall have liability by reason of covenants of warranty made by the insured in any transfer or conveyance of the estate or interest This policy shall not continue in force in favor of any purchaser from the insured of either (i) an estate or interest in the land, or (11) an indebtedness secured by a purchase money mortgage given to the insured. 3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. The insured shall notify the Company promptly in wntirg (i) In case of any litigation as set forth in Section 4(a) below, or (ii) in case knowledge shall come to an insured hereunder of any claim of title or Interest that is adverse to the hale to the estate or interest, as insured, and that might cause loss or damage for which the Company may be liable by virtue of this policy. If prompt notice shalt not be given to the Company, then as to the insured all liability of the Company shall terminate with regard to the matter or matters for which prompt notice is required, provided, however, that failure to nosily the Company shall in no case prejudice the rights of any insured under this policy unless the Company shall be prejudiced by the tasure and then only to the extent of the prejudice When, atter the dale of the policy, the insured notifies the Company as required herein of a lien, encumbrance, adverse claim or other detect in title to the estate or interest in the land insured by this policy that is not excluded or excepted from the coverage of this policy, the Company shall promptly investigate the charge to determine whether the lien, encumbrance, adverse claim or defect is valid and not barred by law or statute The Company shall notify the insured In canting, within a reasonable time, of its determination as to the validity or invaludity of the insureSs claim or charge under the policy. 11 the Company concludes that the lien, encumbrance, adverse claim or defect is not covered by this policy, or was otherwise addressed in the closing of the transaction m connection with which this policy was issued, the Company shall specifically advise the insured of the reasons for Its determination. If the Company concludes that the lien, encumbrance, adverse claim or defect is valid, the Company shall take one of the following actions (1) Institute the necessary proceedings to dear the lien, encumbrance, adverse claim or defect from the title to the estate as insured, (11) indemnify the insured as provided in this policy, (l upon payment of appropriate premmm and charges therefor, issue to the insured claimant or to a subsequent owner, mortgagee or holder of the estate or interest in the land insured by this policy, a policy of title insurance without exception for the lien, encumbrance, adverse claim or defect. said policy to be m an amount equal to the current value of the property or, if a mortgagee policy. the amount of the loan, (iv) indemnify another title insurance company in connection with its issuance of a policy(ies) of title insurance without exception for the lien, encumbrance, adverse claim or defect; (v) secure a release or other document discharging the lien, encumbrance, adverse claim or defect, or (0) undertake a combination of (i) through (v) herein. CONDITIONS AND STIPULATIONS • 4. DEFENSE AND PROSECUTION OF ACTIONS: DUTY OF INSURED CLAIMANT TO COOPERATE. (a) Upon wntten request by the Insured and subject to the options contained in Section 6 of these Conditions and Stipulations, the Company, at its own cost and without unreasonable delay, shall provide for the defense of an insured in litigation in which any third party asserts a claim adverse to the title or interest as insured, but only as to those slated causes of action alleging a detect, hen or encumbrance or other matter insured against by this policy The Company shall have the right to select counsel of its choice (subject to the nght of the insured to object for reasonable cause) to represent the Insured as to those stated causes of action and shall not be liable for and will not pay the fees of any other counsel The company will not pay any fees, costs or expenses incurred by the insured in the defense of those causes of action that allege matters not insured against by this policy (b) The Company shall have the right, at its own cost, to institute and prosecute any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the We to the estate or interest, as Insured, or to prevent or reduce loss or damage to insured The Company may take any appropriate action under the terms of this policy, whether or not it shall be liable hereunder, and shall not thereby concede (lability or waive any provision of this policy If the Company shall exercise its nghts under this paragraph, it shall do diligently. (c) Whenever the Company shall have brought an action or Interposed a defense as required or permitted by the provisions of this policy, the Company may pursue any litigation to final determination by a court of competent jurisdiction and expressly reserves the nght, in its sole discretion, to appeal from any adverse judgment or order. (d) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceeding. the insured shall secure to the Company the right to so prosecute or provide defense In the action or proceeding, and all appeals herein, and permit the Company t0 use, at its option, the name of the insured for this purpose. Whenever requested by the Company, the insured, at the Company's expense, shall give the company all reasonable aid (1) in any action or proceeding, secunng evidence, obtaining witnesses, prosecuting or defending the action or proceeding, or effecting settlement, and (ii) in any other lawful act that in the opinion of the Company may be necessary or desirable to establish the title to the estate or interest as insured If the Company is prejudiced by the failure of the insured to furnish the required cooperation, the Company's obligations to the insured under the policy shall terminate, Including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requinng such cooperation. 5, PROOF OF LOSS OR DAMAGE. In addition to and after the notices required under Section 3 of these Conditions and Stipulations have been provided the Company, a proof of loss or damage signed and sworn to by the insured claimant shall be famished to the Company within 91 days after the insured shall ascertain the facts giving nse to the loss or damage The proof of loss or damage shall descnbe the defect in, or lien or encumbrance on the title, or other matter insured against by this policy that constitutes the basis of Mss or damage and shall state, to the extent possible, the basis of calculating the amount of the loss or damage. If the Company is prejudiced by the failure of the insured claimant to provide the required proof of loss or damage, the Company's obligations to the insured under the policy shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such proof of loss or damage. In addition, the insured claimant may reasonably be required to submit to examination under oath by any 851000ze0 representative of the Company and shall produce for examination, inspection and copying, at such reasonable times and places as may be designated by any authonzed representative of the Company, all records, books, ledgers, checks, correspondence and memoranda, whether beanng a date before or after Date of Policy, which reasonably pertain to the loss or damage Further, if requested by any authorized representative of the Company, the insured claimant shall grant its permission, in writing, for any authorized representative of the Company to examine, inspect and copy all records, books, ledgers, checks, correspondence and memoranda in the custody or control of a third party, which reasonably pertain to the loss or damage. All Information designated as confidential by the Insured claimant provided to the Company pursuant to this Section shall not be disclosed to others unless, in the reasonable judgment of the Company, it is necessary In the administration of the claim Failure of the insured claimant to submit for examination under oath, produce other reasonably requested information or grant permission to secure reasonably necessary information from third parties as required in this paragraph shall terminate any liability of the Company under This policy as to that daim. 6. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF LIABILITY In case of a claim under tins policy, the Company shall have the following additional option: (a) To Pay or Tender Payment of the Amount of Insurance. To pay or tender payment of the amount of insurance under this policy, together with any costs, attorneys' fees and expenses incurred by the insured claimant, which were authonzed by the Company. up to the time of payment or tender of payment and which the Company is obligated to pay Upon the exercise by the Company of this option, all liability and obligations to the Insured under this policy, other than to make the payment required, shall terminate, including any liability or obligation to defend, prosecute, or continue any litigation, and the policy shall be surrendered to the Company for cancellation continued on next page of cover sheet '0217090 L 491 $ * * ** *11,000.00 $ * ** *277.00 1000 CASE NUMBER 2001 RR 217090 -D (215) /khs LAWYERS TITLE INSURANCE CORPORATION OWNER POLICY OF TITLE INSURANCE DATE OF . AMOUNT OF POLICY NUMBER POLICY INSURANCE 5/23/2001 $ * * ** *11,000.00 0217090 SCHEDULE A 1. Name of Insured: CITY OF ROUND ROCK 2. The estate or interest in the land that is covered by this policy is: FEE SIMPLE 3. Title to the estate or interest in the land is insured as vested in: CITY OF ROUND ROCK 4. The land referred to in this policy is described as follows: ACRES, 0.055 AMENDED, A LESS, IN, WILL COUNTY TEXAS, AND OBEING ADDITION MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS IN EXHIBIT "A" ATTACHED HERETO. Texas Owner's Policy T -1 (Rev. 1 -1 -93) Schedule A AUSTIN TITLE COMPANY Countersigned By: k Th Authorizes LountersignatuLe Valid Only If Schedule B And Cover Page Are Attached • FMLD'NOTE DESCRIPTION FOR A 0.055 ACRE TRACT: BEING A TRACT OR PARCEL OF LAND SITUATED IN WILLIAMSON COUTY, TEXAS, AND BEING OUT OF AND A PART OF THE WILLIS DONAHO SURVEY, ABSTRACT No. 173, AND BEING A PART OF GREENSLOPE ADDITION AMENDED, LOT 1, A SUBDIVISION ACCORDING TO THE PLAT THEREOF RECORDED IN CABINET `D ", SLIDE 62, OF THE PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS, BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING, at an iron rod found at a point in the north right -of -way line of County Road No. 113, known locally as Kiphen Road, for the southwest corner of said Lot 1, also being a point in the east line of that certain 152.38 acre tract of land conveyed to Rudolf Wallin and recorded in Volume 450, Page 114, of the Deed Records of Williamson County, Texas, for the southwest comer and the POINT OF BEGINNING of the herein described tract; THENCE, with the west line of said Lot I and the east line of said 152.38 acre tract, North 18 °54'42" West, a distance of 7.97 feet, to a calculated point of intersection with a curve, for the northwest corner of this tract; THENCE, crossing said Lot 1, along the following two (2) courses: 1. 151.84' feet along the arc of a curve to the right, said curve not being tangent to the previous course, and having a radius of 1050.00 feet, a central angle of 08 ° 14'13" and a long chord which bears North 87 ° 14'13" East for a distance of 151.71 feet to a calculated point; 2. South 88°37'12" East, a distance of 17.08 feet, to a calculated point in the west line of Lot IA, of said Greenslope Addition Amended, and the east line of said Lot 1 for the northeast comer of this tract; n ±J NCE, with the east line of said Lot 1 and the west line of said Lot 1A, South 06 °58'39" East, a distance of 16.59 feet, to an iron rod found at a point in the north right - of -way line of said County Road No. 113, for the southeast corner of said Lot 1, the southwest corner of said Lot IA, and for the southeast corner of this tract; THENCE, with the north right -of -way line of said County Road No. 113, being the south line of said Lot 1, North 89 °18'43" West, a distance of 168.05 feet, to the POINT OF BEGINNING. Containing 0.055 acres of land more or less. Pc4cep Randall S. Jones Registered Professio State of Texas Date: September 28, 2000 Date Land Surveyor No, 4391 LAWYERS TITLE INSURANCE CORPORATION OWNER POLICY OF TITLE INSURANCE I CASE NUMBER DATE OF POLICY 2001 RR 217090 -0 (215) /khs 5/23/2001 SCHEDULE B This policy does not insure against loss or damage (and the Company will not pay costs, attorney's fees or expenses) that arise by reason of the terms and conditions of the leases or easements insured, 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): CABINET D, SLIDE 62, PLAT RECORDS, WILLIAMSON COUNTY, TEXAS. 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, government or other entities, a. to tidelands, or lands comprising the shores or beds of navigable or Perennial rivers and streams lakes, bays, gulfs or oceans, or b. to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or c. to filled -in lands, or artificial islands, or d. to statutory water rights, including riparian rights, or e. to the area extending from the line of mean) low tide to the line of vegetation or the 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 2001 , 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 (We must insert matters or delete this exception.): RIGHTS OF PARTIES IN POSSESSION. POLICY NUMBER 0217090 7. AN COMPANY BYTDAVIDDT. NOVEMBER RECORDED TO 829E PAGE�824 AND LIGHT WILLIAMSON COUNTY, TEXAS. (EASEMENT FOR ELECTRIC DISTRIBUTION LINE, TOGETHER WITH ALL RIGHTS RECITED THEREIN) Texas Owner's Policy T -1 (Rev. 1 -1 -93) Valid Only If Schedule A Schedule B And Cover Page Are Attached B 1178-22 (b) To Pay or Otherwise Settle With Parties Other than the Insured or With the Insured Claimant (i) to pay or otherwise sehle with other parties for or in the name of an Insured claimant any claim insured against under this policy, together with any costs, attorneys' fees and expenses incurred by the insured claimant, which were authorized by the Company up to the time of payment and which the Company is obligated to pay, or (n) to pay or otherwise settle with the insured claimant the loss or damage provided for under this policy, together with any costs, attomeys' lees and expenses Incurred by the Insured claimant, which were authonzed by the Company up to the 1me of payment and which the Company is obligated to pay Upon the exercise by the Company of either of the options provided for in paragraphs (b)(1) or (n), the Companys obligations to the insured under this policy for the claimed loss or damage, other than the payments required to be made, shall terminate, including any liability or obligation to defend, prosecute or continue any litigation 7 DETERMINATION, EXTENT OF LIABILITY AND COINSURANCE This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the insured claimant who has suffered loss or damage by reason of matters insured against by this policy and only to the extent herein descnbed (a) The liability of the Company under this policy shall not exceed the least of• (I) the Amount 01 Insurance stated in Schedule A, (x) the difference between the value of the insured estate or interest as insured and the value of the insured estate or interest subject to the defect, lien or encumbrance insured against by this policy at the date the insured claimant is required to furnish to Company a proof of loss or damage in accordance with Section 5 of these Conditions and Stipulations (b) - In the event the Amount of Insurance stated in Schedule A at the Date of Policy is less than 80 percent et the value of the insured estate or interest or the lull consideration paid for the land, whichever Is less, or if subsequent to the Date 01 Policy an improvement is erected on the land which increases the value of the insured estate or interest by at least 20 percent over the Amount of Insurance slated in Schedule A, then this Policy is subject to the following* (1) where no subsequent improvement has been made, as to any partial loss. the Company shall only pay the loss pro rata in the proportion that the amount of insurance at Date of Policy bears to the total value of the insured estate or interest at Date of Policy, or )v) where a subsequent improvement has been made, as to any partial loss, the Company shall only pay the loss pro rata in the proportion that 120 percent of the Amount of Insurance stated in Schedule A bears to the sum of the Amount of Insurance stated in Schedule A and the amount expended for the improvement The provisions of this paragraph shall not apply to casts, attorneys' fees and expenses for which the Company is liable under this policy, and shall only apply to that portion of any loss which exceeds, In the aggregate, 10 percent of the Amount of Insurance stated in Schedule A (c) The Company will pay only those costs, attorneys' fees and expenses incurred in accordance with Section 4 of these Conditions and Stipulations 8. APPORTIONMENT. If the land described In Schedule A consists of two or more parcels that are not being used as a single site, and a loss is established affecting one or more of the parcels but not all, the loss shall be computed and settled on a pro rata basis as 11 the amount of insurance under this policy was divided pro rata as to the value on Date of Policy of each separate parcel to the whole, exclusive of any improvements made subsequent to Dale of Policy, unless a liability or value has otherwise been agreed upon as to each parcel by the Company and the insured at the time of the issuance of this policy and shown by an express statement or by an endorsement attached to this policy 9. LIMITATION OF LIABILITY. (a) If the Company establishes the title, or removes the alleged defect, lien or encumbrance, or cures the lack of a right of access to or from the land, all as insured, or takes action in accordance with Section 3 or Section 6, in a reasonably diligent manner by any method, including litigation and the completion of any appeals therefrom, it Shall have fully performed its obligations with respect to that matter and shall not be liable for any loss or damage caused thereby. (b) In the event of any litigation, including litigation by the Company or with the Companys consent, the Company shall have no liability for loss or damage until there has been a final determination by a court of competent jurisdiction, and disposition of all appeals therefrom, adverse to the title as insured (c) The Company shall not be liable for loss or damage to any insured for liability voluntarily assumed by the insured in settling any claim or suit without the poor wntten consent of the Company 10. REDUCTION OF INSURANCE: REDUCTION OR TERMINATION OF LIABILITY. All payments under this policy, except payments made for costs, attorneys' fees and expenses, shall reduce the amount of the insurance pro Canto, 11. LIABILITY NONCUMULATIVE. It is expressly understood that the amount of insurance under this policy shall be reduced by any amount the Company may pay under any policy insunng a mortgage to which exception is taken in Schedule B or to which the insured has agreed, assumed, or taken subject, or which i5 hereafter executed by an insured and which is a charge or lien on the estate or interest described or referred to in Schedule A, and the amount so paid shall be deemed a payment under this policy to the insured owner. CONDITIONS AND STIPULATIONS — CONTINUED 12. PAYMENT OF LOSS. (a) No payment shall be made without producing This policy for endorsement of the payment unless the policy has been lost or destroyed, In which case proof of loss or destruction shall be furnished to the satisfaction of the Company (b) When liability and the extent of loss or damage has been definitely fixed in accordance with these Conditions and Stipulations, the loss or damage shall be payable within 30 days thereafter. 13. SUBROGATION UPON PAYMENT OR SETTLEMENT. (a) The Companys Right of Subrogation Whenever the Company shall have settled and paid a claim under this policy, all right of subrogation shall vest in the Company unaffected by any act of the insured claimant The Company shall be subrogated to and be entitled to all nghts and remedies that the insured claimant would have had against any person or property m respect to the claim had this policy not been issued If requested by the Company, the insured claimant shall transfer to the Company all nghts and remedies against any person or property necessary in order to perfect this nght of subrogation The insured claimant shall permit the Company to sue, compromise or settle in the name of the Inured claimant and to use the name of the insured claimant in any transaction or Negation involving these nghts or remedies If a payment on account of a claim does not fully cover the loss of the insured claimant, the Company shall be subrogated to these rights and remedies in the proportion That the Companys payment bears to the whole amount of the loss If Toss should result from any act of the insured claimant, as stated above, that act shall not void this policy, but the Company, In that event, shall be required to pay only that part of any losses Insured against by this policy that shall exceed the amount, i1 any. lost to the Company by reason of the Impairment by the insured claimant of the Campania nght of subrogation (b) The Company's Rights Against Non•Insured Obligors. The Company's right of subrogation against non-insured obligors shall exist and shall Include, without limitation, the nghts of the insured to indemnities, guaranties, other policies of insurance or bonds, notwithstanding any terms or conditions contained In those instruments that provide for subrogation rights by reason of this policy 14. ARBITRATION. Unless prohibited by applicable law or unless this arbltraton Section i5 deleted by specific provision In Schedule 8 of this policy, either the company or the insured may demand arbitration pursuant to the Title Insurance Arbitration Rules or the American Arbitration Association 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 of the Company m connection with 1s Issuance or the breach of a policy provision or other obligation All arbitrable matters when the Amount of . Insurance is 51,000,080 or less SHALL BE arbitrated at the request of either the Company or the Insured, unless the insured is an individual person (as distinguished from a corporation, trust, partnership, association or other legal entity) All arbitrable matters when the Amount of Insurance is in excess of 01,000,000 Shall be arbitrated only when agreed to by both the Company and the Insured Arbitration pursuant to this policy and under the Rules In effect on the date the demand for arbitration is made or, at the option of the Insured, the Rules in effect at Date of Policy shall be binding upon the parties The award may include attorneys' fees only if the laws of the state In which the land Is located permit a court to award attorneys' fees to a prevailing party Judgment upon the award rendered by the Arbitrator(s) may be entered In any court having Jurisdiction thereof The law of the situs of the land shall apply to an arbitration under the Title Insurance Arbitration Rules A copy of the Rules may be obtained from the Company upon request 15. LIABILITY LIMITED TO THIS POLICY: POLICY ENTIRE CONTRACT. (a) This policy together with all endorsements, it any, attached hereto by the Company is the entire policy and contract between the insured and the Company. In interpreting any provision of this policy, this policy shall be construed as a whole (b) Any claim of loss or damage, whether or not based on negligence, and which arises out of the status of the title to the estate or Interest covered hereby or by any action asserting such claim, shall be restncted to this policy (c) No amendment of or endorsement to this policy can be made except by a wnting endorsed hereon or attached hereto signed by either the President, a Vice President, the Secretary, an Assistant Secretary, or validating officer or authorized signatory of the Company 16. SEVERABILITY. In the event any provision of the policy is held invalid or unenforceable under applicable law, the policy shall be deemed not to include that provision, and all other provisions shall remain in full force and effect 17. NOTICES, WHERE SENT. All notices required to be given the Company and any statement In writing required to be furnished the Company shall indude the number of this policy and shall be addressed to. Consumer Affairs Department, P O Box 27567, Richmond, Virginia 23261 - 7567. COMPLAINT NOTICE. Should any dispute arise about your premium or about a claim that you have filed, contact the agent or write to the Company That Issued the policy. 19 the problem Is not resolved, you also may write the Texas Department of Insurance, P.O. Box 149091, Austin, TX 78714-9091, Fax No. (512) 475-1771. This notice of complaint procedure Is for Information only and does not become a part or condition of this policy. CONTROL NUMBER 511- 0015854, Iuyers Insurance Crporation A IANDAMEAIG COMP TEXAS OWNER POLICY OF TITLE INSURANCE Issuer By [awyersl'idejnsttrance orpo, ration Home Orncs: 101 Gateway Centre Parkway, Gateway One Richmond, Virginia 23235 -5153 J A WORD OF THANKS As we make your policy a part of our permanent records, we want to express our appreciation of this evidence of your faith in Lawyers Title Insurance Corporation. There Is no recurring premium. This policy provides valuable title protection and we suggest you keep it in a safe place where it will be readily available for future reference. If you have any questions about the protection provided by this policy, contact the office that issued your policy or you may write to: Consumer Affairs Department awyers itle Insurance Crporation 7557 Rambler Road, Suite 1200 Dallas, Texas 75231 TOLL FREE NUMBER: 1- 800 -442 -7067 July 13, 2001 AUSTIN TITLE COMPANY Iv RECEIVED `\. JUL 1 9 2001 CITY OF ROUND ROCK PLANNING DEPARTMENT City of Round Rock 221 East Main Street Round Rock, Texas 78664 Re: Our File Number: 01 RR 217090 -D Closer: Susan Patterson Dear Policyholder(s): In connection with the above captioned transaction, we enclose herewith LAWYERS TITLE INSURANCE CORPORATION Owner,'s Title Policy No. 217090, along with the original recorded Deed. It has been a pleasure to handle this transaction for you. If you should have any questions, please contact Susan Patterson at 512- 255 -3343. Very truly yours, AUSTIN TITLE COMPANY Policy Department khs Enclosure 1515 Capital of Texas Highway South Fifth Floor . Austin, Texas 78746 -6544 Office 512 /306.0988 512 /306.0966 Fax a1 70a6 • • Date: /✓/ , 3 , 2001 '4, Grantor: CLIFFORD B. NIXON and ELOISE KAY NIXON, as Trustees of THE NIXON FAMILY TRUST V) Grantor's Mailing Address (including county): CC LO CLIFFORD B. NIXON t� l 3000 MMj/i c.0 ADA-a Q 4.--Aa.1 .P-....c T 77'445y-74R-7 r♦ L.s :LL County 0 O ELOISE KAY NIXON C 4000 K,p, ,V Rt■9Z ?VOA) t> ROC-k- 'TX 7R64.3 6t// .e- 4/�4'M.SO. / County Grantee: CITY OF ROUND ROCK CASH WARRANTY DEED Grantee's Mailing Address (including county): CITY OF ROUND ROCK 221 East Main Street Round Rock, Texas 78664 Williamson County CONSIDERATION: TEN AND NO /100 DOLLARS and other good and valuable consideration. PROPERTY (including any improvements): 16' - 3 -0 - Coo) 0.055 acres, more or less, out of Lot One (1) of GREENSLOPE ADDITION AMENDED, a subdivision in Williamson County, Texas, and being more particularly described by metes and bounds in Exhibit "A" attached hereto. RESERVATIONS FROM AND EXCEPTIONS TO CONVEYANCE AND WARRANTY: Easements, rights -of -way, and prescriptive rights, whether of record or not; all presently recorded restrictions, reservations, covenants, conditions, oil, gas or other mineral leases, mineral severances, and other instruments, other than liens and conveyances, that affect the property; rights of adjoining owners in any walls and fences situated on a common boundary; any encroachments or overlapping of improvements; and taxes for the current year, the payment of which Grantee assumes. Grantor, for the consideration, receipt of which is acknowledged, and subject to the reservations from and exceptions to conveyance and warranty, grants, sells and conveys to Grantee the property, together with all and singular the rights and appurtenances thereto in any wise belonging, to have and hold it to Grantee, Grantee's heirs, executor, administrators, successors or assigns forever. Grantor's heirs, executors, administrators and successors are hereby bound to warrant and forever defend all and singular the property to Grantee and Grantee's CASH WARRANTY DEED - PAGE 1 C, \'TEMP \0530WDC.WPD /kg heirs, executors, administrators, successors and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof, except as to the reservations from and exceptions to conveyance and warranty. When the context requires, singular nouns and pronouns include the plural. STATE OF TEXAS COUNTY OF WJ14 This instrument was acknowledged before me on the .3 day of m A y , 2001, by CLIFFORD B. NIXON, as Trustee of THE NIXON FAMILY TRUST. COUNTY OF STATE OF TEXAS SUSAN PATTERSON MY COMMISSION EXPIRES February 1,2004 Notary Public, State of Texas This instrument was acknowledged before me on the 3 day of Mi91 , 2001, by ELOISE KAY NIXON, as Trustee of THE NIXON FAMILY TRUST. SUSANPATTERSON MY COMMISSION EXPIRES Fabmary 1, 2004 CASH WARRANTY DEED - PAGE 2 C FORD B NIas Trustee of THE NIXON FAMILY TRUST ELOISE ISIXON, as of THE NIXON FAMILY TRUST ACKNOWLEDGMENT 5 5 5 ACKNOWLEDGMENT 5 5 5 Notary Public, State of Texas PREPARED IN THE OFFICE OF: Sheets & Crossfield, P.C. 309 E. Main St. Round Rock, Texas 78664 AFTER RECORDING RETURN TO: Austin Title Company 4,59 101 E. Old Settler's Blvd. Suite 100 Round Rock, Texas 78664 CASH WARRANTY DEED - PAGE 3 ,9 i c FIELD NOTE DESCRIPTION FORA 0.055 ACRE TRACT: BEING A TRACT OR PARCEL OF LAND 'SITUATED IN WILLIAMSON COUTY, TEXAS, AND BEING OUT OF AND A PART OF THE WILLIS SURVEY, ABSTRACT No: 173, AND BEING A PART OF GREENS OPEOADDITION AMENDED, LOT 1, A SUBDIVISION ACCORDING TO THE PLAT THEREOF RECORDED IN CABINET `D" SLIDE 62, OF THE PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS, BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING, at an iron rod found at a point in the north right -of -way line of County Road No. 113, known locally as Kiphen Road, for the southwest corner of said Lot 1, also being a point in the east line of that certain 152,38 acre tract of land conveyed to Rudolf Wallin and recorded in Volume 450, Page 114, of the Deed Records of Williamson County, Texas, for the southwest corner and the POINT OF •BEGINNING of the herein described tract; THENCE, with the west line of said Lot 1 and the east line of said 152.38 acre tract, North 18 °54'42" West, a distance of 7.97 feet, to a calculated point of intersection with a curve, for the northwest corner of this tract; THENCE, crossing said Lot 1, along the following two (2) courses: ' 1. 151.84' feet along the arc of a curve to the right, said curve not being tangent to the previous course, and having a radius of 1050.00 feet, a central angle of 0 8 ° 14'13" and a long chord which bears North 87 ° 14'13" East for a distance of 151.71 feet to a calculated point; 2. South 88 East, a distance of 17.08 feet, to a calculated point in the west line of Lot IA, of said Greenslope Addition Amended, and the east line of said Lot 1 for the northeast corner of this tract; THENCE, with the east line of said Lot 1 and the west line of said Lot 1A, South 06 °58'39" East, a distance of 16.59 feet, to an iron rod found at a point in the north right - of -way line of said County Road No. 113, for the southeast comer of said Lot 1, the southwest comer of said Lot IA, and for the southeast corner of this tract; THENCE, with the north right -of -way line of said County Road No. 113, being the south line of said Lot 1, North 89 ° 18'43" West, a distance of 168.05 feet, to the POINT OF BEGINNING, Containing 0.055 acres of land more or less. Randall S. Jones Registered Professio State of Texas Date: September 28, 2000 RJ Surveying Inc. 1212 East Braker Lane Austin, Texas 78753 Date Land Surveyor No. 4391 5;11,and Project; 821601 dool GREENSLOPEI, doc Page 1 of 1 Revised on 10 - 06 - 00 Revised on 01 -16 -01 Revised on 02 -14 -01 EX If "4" FILED WO RECORDED OFFICIAL PUBLIC RECORDS ' 05 -23 -200 09:26 AM 2001035830 - JACKIE $15.00 • NANCY E. ,COUNTY CURVE TABLE CURVE LENGTH RADIUS TANGENT CHORD DIRECTION DELTA C1 151.84' 1050.00' 76.05' 151.71' N871413 "E 817'08" SCALE 1"=50' RUDOLF WALLIN 450/114 W.C.D.R. — 1t� F \ELD 0r B ET D\ NN\ND app \Nt A 0.055 ACRE TRACT OF LAND, SITUATED IN WILLIAMSON COUNTY, TEXAS, AND BEING OUT OF THE WILLIS DONAHO SURVEY, ABSTRACT No.173, AND BEING A PART OF LOT 1, GREENSLOPE ADDITION AMENDED, RECORDED IN CABINET "D" SLIDE 62, OF THE PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS. SN \Land Protects R2 \658 \dwg \658rowBV,dwg 02/21/01 08'3221 AM CST SKETCH TO ACCOMPANY FIELD NOTES: r o 0 Z 6 rn rn r REMAINDER OF v c to _ r'+ LOT 1 GREENSLOPE y { to rn `L . ADDITION AMENDE m N .3ia CABINET "0 ", SLIDE 62 z ▪ N 1 W.C.P.R. r -Cr) .el .4' y S88'37'12 "E N - 17 LOT 1A GREENSLOPE ` ADDITION AMENDED C1 CABINET "D ", SLIDE 62 W.C.P.R. N8918 43 "W 168.05' LEGEND: W.C.D.R.= WILLIAMSON COUNTY DEED RECORDS W.C.P.R. = 1LLIAMSON COUNTY PLAT RECORDS ( ) RECORD PER VOL. 2336, PG. 22 W.C.D.R. • = IRON ROD FOUND A = CALCULATED POINT PLAT LINE 10' STRIP DEDICATED FOR STREET WIDENING, PER PLAT, CABINET "D ", SUDE 62, W.C.P.R Co. Rd. 113 "Kiphen Road" RJ SURVEYING INC. 0 0 DATE: SEPTEMBER 28, 2000 REVISED: JANUARY 16, 2001 REVISED: FEBRUARY 14, 2001 ENGINEERING PLANNING SURVEYING 1212 BRAKER LANE AUSTIN, TEXAS 78753 (512) 836 -4793 FIELD NOTE DESCRIPTION FOR A 0.055 ACRE TRACT: BEING A TRACT OR PARCEL OF LAND SITUATED IN WILLIAMSON COUTY, TEXAS, AND BEING OUT OF AND A PART OF THE WILLIS DONAHO SURVEY, ABSTRACT No. 173, AND BEING A PART OF GREENSLOPE ADDITION AMENDED, LOT 1, A SUBDIVISION ACCORDING TO THE PLAT THEREOF RECORDED IN CABINET "D ", SLIDE 62, OF THE PLAT RECORDS OF WILLIAMSON COUNTY, TEXAS, BEING MORE PARTICULARLY DESCRIBED BY METES AND BOUNDS AS FOLLOWS: BEGINNING, at an iron rod found at a point in the north right - of - way line of County Road No. 113, known locally as Kiphen Road, for the southwest corner of said Lot 1, also being a point in the east line of that certain 152.38 acre tract of land conveyed to Rudolf Wallin and recorded in Volume 450, Page 114, of the Deed Records of Williamson County, Texas, for the southwest corner and the POINT OF BEGINNING of the herein described tract; THENCE, with the west line of said Lot 1 and the east line of said 152.38 acre tract, North 18 °54'42" West, a distance of 7.97 feet, to a calculated point of intersection with a curve, for the northwest corner of this tract; THENCE, crossing said Lot 1, along the following two (2) courses: 1. 151.84' feet along the arc of a curve to the right, said curve not being tangent to the previous course, and having a radius of 1050.00 feet, a central angle of 08 °14'13" and a long chotd which bears North 87 °14'13" East for a distance of 151.71 feet to a calculated point; 2. South 88 °37'12" East, a distance of 17.08 feet, to a calculated point in the west line of Lot 1A, of said Greenslope Addition Amended, and the east line of said Lot 1 for the northeast corner of this tract; THENCE, with the east line of said Lot 1 and the west line of said Lot 1A, South 06 °58'39" East, a distance of 16.59 feet, to an iron rod found at a point in the north right - of -way line of said County Road No. 113, for the southeast corner of said Lot 1, the southwest corner of said Lot 1A, and for the southeast comer of this tract; THENCE, with the north right -of -way line of said County Road No. 113, being the south line of said Lot 1, North 89 °18'43" West, a distance of 168.05 feet, to the POINT OF BEGINNING. Containing 0.055 acres of land more or less. Randall S. Jones Date Registered Professio Land Surveyor No. 4391 State of Texas Date: September 28, 2000 RJ Surveying Inc. 1212 East Braker Lane Austin, Texas 78753 S:\Land Projects R2 \658 \docs \GREENSLOPE 1.doc Page 1 of 1 Revised on 10 -06-00 Revised on 01 -16 -01 Revised on 02 -14 -01