R-01-05-24-12D6 - 5/24/2001RESOLUTION NO. R- 01- 05- 24 -12D6
WHEREAS, the City desires to purchase a tract of land containing
approximately 0.16 acres for right -of -way for the A.W. Grimes Project, and
WHEREAS, Raymond Davis, the owner of the property, has 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 a Real Estate Contract with Raymond Davis for the
purchase of the above described property, a copy of said Real Estate
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 24th day of May, 001
ATTEST:
LAND, City Secretary
O�\ NPDOCS \RESOLUTI \R1051406.WPD /ec
A
RO • ' A. STLUKA, £R. , Mayor
City of Round Rock, Texas
State of Texas
County of Williamson
REAL ESTATE CONTRACT
THIS CONTRACT OF SALE ( "Contract ") is made by and between RAYMOND
DAVIS, (referred to in this Contract as "Seller ") and the CITY OF ROUND
ROCK, a Texas Home Rule City of 221 E. Main St. Round Rock, Williamson
County, Texas (referred to in this Contract as "Purchaser "), upon the
terms and conditions set forth in this Contract.
ARTICLE I
PURCHASE AND SALE
By this Contract, Seller sells and agrees to convey, and Purchaser
purchases and agrees to pay for, that certain parcel of land containing
approximately 0.16 acres of land situated in Williamson County, Texas,
being more particularly described in Exhibit A, attached hereto and
incorporated herein; together with all and singular the rights and
appurtenances pertaining to the property, including any right, title and
interest of Seller in and to adjacent streets, alleys or rights -of -way
(all of such real property, rights, and appurtenances being referred to
in this Contract as the "Property "), together with any improvements,
fixtures, and personal property situated on and attached to the Property,
for the consideration and upon and subject to the terms, provisions, and
conditions set forth below.
ARTICLE II
PURCHASE PRICE
Amount of Purchase Price
2.01. The purchase price for the Property shall be the sum of
Twenty -two Thousand Six Hundred Fifty -two and 50/100 Dollars
($22,652.50.)
Payment of Purchase Price
2.02. The Purchase Price shall be paid in cash at the closing.
C.\ WPrOCS \ACITY\RD_PROJS\AW_Grimee \Davie \Contract \04 11 01.vpd /S1a1
ARTICLE III
PURCHASER'S AND SELLER'S OBLIGATIONS
Conditions to Purchaser's Obligations
3.01. The obligations of Purchaser hereunder to consummate the
transaction contemplated hereby are subject to the consent of Seller's
lender to release the Property from its lien and financing statement, and
to the satisfaction of each of the following conditions (any of which may
be waived in whole or in part by Purchaser at or prior to the closing).
Preliminary Title Commitment
3.02. Within ten (10) days after the date hereof, Purchaser, at
Purchaser's sole cost and expense, shall have caused First American Title
Company (the "Title Company ") of 2120 N. Mays, Suite 450 Round Rock,
Texas 78664, to issue an updated preliminary title report (the "Title
Commitment "). Purchaser shall give Seller written notice on or before
the expiration of three (3) days after Purchaser receives the updated
Title Commitment that the condition of title as set forth in the title
binder is or is not satisfactory, and in the event Purchaser states that
the condition is not satisfactory, Seller may, but shall not be
obligated, to eliminate or modify all unacceptable matters to the
reasonable satisfaction of Purchaser. In the event Seller is unable, or
unwilling to do so within ten (10) days after receipt of written notice,
this Contract shall thereupon be null and void for all purposes and the
Escrow Deposit shall be forthwith returned by the Title Company to
Purchaser. Purchaser's failure to give Seller this written notice shall
be deemed to be Purchaser's acceptance of the Title Commitment.
ARTICLE IV
CLOSING
The closing shall be held at the Title Company on or before May 15,
2001, or at such time, date, and place as Seller and Purchaser may agree
upon (which date is herein referred to as the "closing date ").
Seller's Obligations
4.01. At the closing Seller shall:
(a) Deliver to Purchaser a duly executed and acknowledged General
Warranty Deed conveying good and indefeasible title in fee simple to all
of the Property, free and clear of any and all liens, encumbrances,
conditions, easements, assessments, and restrictions, except for the
following:
2
General real estate taxes for the year of closing
and subsequent years not yet due and payable;
Any exceptions approved by Purchaser pursuant to
Article III hereof; and
Any exceptions approved by Purchaser in writing.
(b) Deliver to Purchaser a Texas Owner's Title Policy at
Purchaser's sole expense, issued by the Title Company, in
Purchaser's favor in the full amount of the purchase price,
insuring Purchaser's fee simple title to the Property subject
only to those title exceptions listed above, such other
exceptions as may be approved in writing by Purchaser, and the
standard printed exceptions contained in the usual form of
Texas Owner's Title Policy.
(c) The aforesaid General Warranty Deed will include provisions
that it is being delivered in lieu of condemnation.
(d) As provided in paragraph 9.01 below, Seller is delivering to
Purchaser possession of the Property as of the date of this
Contract.
Purchaser's Obligations
4.02 At the Closing, Purchaser shall pay the cash portion of
the purchase price.
Prorations
4.03 General real estate taxes for the then current year
relating to the Property, shall be prorated as of the closing date and
shall be adjusted in cash at the closing. If the closing shall occur
before the tax rate is fixed for the then current year, the apportionment
of taxes shall be upon the basis of the tax rate for the next preceding
year applied to the latest assessed valuation. All special taxes or
assessments to the closing date relating to the Property and then due and
payable, shall be paid by Seller. Purchaser will bear the burden of
paying any rollback taxes, if any, resulting from a change of use of the
Property.
Closing Costs
4.04 All costs and expenses of closing in consummating the
sale and purchase of the Property shall be borne and paid as follows:
3
Owner's Title Policy paid by Purchaser;
Filing fees for deed paid by Purchaser;
Filing fees for release(s) paid by Seller;
Title curative matters, if any, paid by Seller;
Attorney's fees paid by each respectively.
ARTICLE V
REAL ESTATE COMMISSIONS
Seller will be solely responsible for all real estate brokerage
commissions due to any brokers representing the Seller.
ARTICLE VI
ESCROW DEPOSIT
For the purpose of securing the performance of Purchaser under the
terms and provisions of this Contract, Purchaser has delivered to the
Title Company, the sum of Five Hundred Dollars ($500.00), the Escrow
Deposit, which shall be paid by the Title Company to Seller in the event
Purchaser breaches this Contract as provided in Article VIII hereof. At
the closing, the Escrow Deposit shall be paid over to Seller and applied
to the cash portion of the purchase price, provided, however, that in the
event the Purchaser shall have given written notice to the Title Company
that one or more of the conditions to its obligations set forth in
Article III have not been met, or, in the opinion of Purchaser, cannot
be satisfied, in the manner and as provided for in Article III, then the
Escrow Deposit shall be forthwith returned by the Title Company to
Purchaser.
ARTICLE VII
BREACH BY SELLER
In the event Seller shall fail to fully and timely perform any of
its obligations hereunder or shall fail to consummate the sale of the
Property for any reason, except Purchaser's default, or the failure of
any condition to Seller's obligations provided herein, Purchaser may, as
its sole and exclusive remedy, either: (1) enforce specific performance
of this Contract; or (2) request that the Escrow Deposit shall be
forthwith returned by the Title Company to Purchaser.
ARTICLE VIII
BREACH BY PURCHASER
In the event Purchaser should fail to consummate the purchase of the
Property, the conditions to Purchaser's obligations set forth in Article
111 having been satisfied and Purchaser being in default and Seller not
being in default hereunder, Seller shall have the right to (1) bring suit
4
for damages against Purchaser; or (2) bring suit for specific
performance, or (3) receive the Escrow Deposit from the Title Company,
the sum being agreed on as liquidated damages for the failure of
Purchaser to perform the duties, liabilities, and obligations imposed
upon it by the terms and provisions of this Contract, and Seller agrees
to accept and take this cash payment as its total damages and relief and
as Seller's sole remedy hereunder in such event.
ARTICLE IX
SPECIAL PROVISIONS
Possession and Use Agreement
9.01. For the consideration to be paid by the City which is set
forth in Paragraph 2.01 above, Grantor hereby grants, bargains, sells and
conveys to the City exclusive immediate possession and use of the
Property for the purpose of constructing a highway or turnpike project
and appurtenances thereto and the right to remove any improvements. The
foregoing grant will extend to the City, its contractors, assigns and /or
owners of any existing utilities on the Property and those which may be
lawfully permitted on the Property by the City in the future. This grant
will allow the construction, relocation, replacement, repair,
improvement, operation and maintenance of these utilities on the
Property, to begin immediately and prior to the closing date. The purpose
of this grant is to allow the City to proceed with its construction
project without delay.
ARTICLE X
MISCELLANEOUS
Assignment of Contract
10.01. (a) This Contract may not be assigned without the express
written consent of Seller. Regardless of the foregoing, Purchaser may
assign this Contract to the Round Rock Transportation Development
Corporation.
Survival of Covenants
(b) Any of the representations, warranties, covenants, and
agreements of the parties, as well as any rights and benefits of the
parties, pertaining to a period of time following the closing of the
transactions contemplated hereby shall survive the closing and shall not
be merged therein.
5
Notice
(c) Any notice required or permitted to be delivered hereunder shall
be deemed received when sent by United States mail, postage prepaid,
certified mail, return receipt requested, addressed to Seller or
Purchaser, as the case may be, at the address set forth opposite the
signature of the party.
Texas Law to Apply
(d) This Contract shall be construed under and in accordance with
the laws of the State of Texas, and all obligations of the parties
created hereunder are performable in Williamson County, Texas.
Parties Bound
(e) This Contract shall be binding upon and inure to the benefit
of the parties and their respective heirs, executors, administrators,
legal representatives, successors and assigns where permitted by this
Contract.
Legal Construction
(f) In case any one or more of the provisions contained in this
Contract shall for any reason be held to be invalid, illegal, or
unenforceable in any respect, this invalidity, illegality, or
unenforceability shall not affect any other provision hereof, and this
Contract shall be construed as if the invalid, illegal, or unenforceable
provision had never been contained herein.
Prior Agreements Superseded
(g) This Contract constitutes the sole and only agreement of the
parties and supersedes any prior understandings or written or oral
agreements between the parties respecting the within subject matter.
Time of Essence
(h) Time is of the essence in this Contract.
Gender
(i) Words of any gender used in this Contract shall be held and
construed to include any other gender, and words in the singular number
shall be held to include the plural, and vice versa, unless the context
requires otherwise.
6
Memorandum of Contract
. (j) Upon request of either party, both parties shall promptly
execute a memorandum of this Contract suitable for filing of record.
Effective Date
(k) This Contract shall be effective as of the date it is approved
by the City Council, which date is indicated beneath the Mayor's
signature below.
SELLER:
Date: April W 2001
PURCHASER:
221 E. Main Street
Round Rock, Texas 78664
Date: 6
7
A. S luka, , Mayor
0.16 Acre FN1778(CMS)
Memucan Hunt Survey May 4, 2000
Williamson County, Texas SAM, Inc. Job No. 99252 -21
DESCRIPTION OF A 0.16 ACRE TRACT OF LAND IN THE MEMUCAN HUNT SURVEY ABSTRACT NO.
314, WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A CALLED 10.00 ACRE TRACT OF LAND
CONVEYED IN THE DEED TO RAYMOND DAVIS AS RECORDED IN VOLUME 583, PAGE 255 OF THE
DEED RECORDS WILLIAMSON COUNTY, TEXAS, SAID 0.16 ACRE TRACT OF LAND AS SHOWN ON
THE ACCOMPANYING SKETCH, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND
BOUNDS AS FOLLOWS:
COMMENCING at a 1/2 -inch iron rod found for the intersection of the east right -of -way (ROW) line of County
Road No. 170 (variable width ROW), and the south ROW line of Roundville Lane (a 50 foot wide road easement) as
described in Volume 1125, Page 368 of the Official Records Williamson County, Texas, same being the northwest
corner of a called 2.50 acre tract of land described in the deed to Dale E. Werner as recorded in Volume 583, Page
262 of the Official Records Williamson County, Texas;
THENCE with said east ROW line, same being the west line of said Werner 2.50 acre tract, the west line of a called
2.50 acre tract of land described in the deed to Lloyd Howard Harrison, Jr. as recorded in Document No. 9452750 of
the Official Records Williamson County, Texas, S 54° 05' 01" E, a distance of 400.08 feet to a 1/2 -inch iron rod
with cap set for the northwest corner of said 10.00 acre Davis Tract same being the southwest corner of said 2.50
acre Harrison Tract and the POINT OF BEGINNING;
THENCE with the common line of said Harrison 2.50 acre tract and said Davis 10.00 acre tract N 66° 27' 25" E, a
distance of 43.80 feet to a 1/2 -inch iron rod with cap set for the northeast comer of the tract described herein from
which a 1/2 -inch iron rod found for the southeast corner of said Hanson 2.50 acre tract, same being in the north line
of said Davis 10.00 acre tract bears N 66° 27' 25" E, a distance of 632.48 feet;
THENCE leaving said common line and crossing said Davis 10.00 acre tract the following two (2) courses and
distances:
1. S 54° 08' 28" E, a distance of 167.77 feet to a concrete monument set, and
2. S 35° 41' 13" W, a distance of 37.90 feet to a concrete monument set in said east ROW line same being
the west line of said Davis 10.00 acre tract;
THENCE with said common line N 54° 05' 01" W, a distance of 190.19 feet to the POINT OF BEGINNING and
containing 0.16 acre of land more or less.
Bearing Basis: Bearings are based on the Texas State Plane Coordinate System, NAD 83, Central Zone and
adjusted to surface using a surface adjustment factor of 1.00012. As provided by Doug Anderson, RPLS, Survcon,
Inc.
THE STATE OF TEXAS
COUNTY OF TRAVIS
SURVEYING AND MAPPING, Inc.
4029 Capital of Texas Hwy. So., Suite 125
Austin, Texas 78704
KNOW ALL MEN BY THESE PRESENTS:
That I, Michael R. Hatcher, a Registered Professional Land Surveyor, do hereby certify that the above
description is true and correct to the best of my knowledge and belief and that the property described herein was
determined by a survey made on the ground during March 2000 under my direction and supervision.
WITNESS MY HAND AND SEAL at Austin, Travis County, Texas on this 9'" day of May
Page 1 of 2
OF
14. / 1u!_ #.c?
Mich el R. Hatcher Rl{e r
Regi ered Professional Land u ` ' 4259 e
No. 4259 - State of Texas
♦ �� `Quip
2 .2
x66 0 5
P.0 B.
MCH L R. HATCHER
REGI TERED PROFESSIONAL LAND SURVEYOR
NO. 4259, STATE OF TEXAS
CALLED 2.50 ACRES
LLOYD HOWARD HARRISON, JR.
DOC. No. 9452750
O.R.W.C.Tx.
/ 2
"66 .1
MEMUCAN HUNT SURVEY A -314
NOTES:
BEARINGS AND COORDINATES ARE BASED ON THE
TEXAS STATE PLANE COORDINATE SYSTEM, NAD 83,
CENTRAL ZONE AND ADJUSTED TO SURFACE USING
A SURFACE ADJUSTMENT FACTOR OF 1.00012. AS
PROVIDED BY DOUG ANDERSON, RPLS, SURVCON, INC.
DETAILS ARE NOT DRAWN TO SCALE.
I HEREBY CERTIFY THAT THIS SURVEY WAS MADE ON THE
THSUPLATNSERRUE DIRECTION
RECT SUPERVISION THAT
TO THE BEST OF MY
KNOWLEDGE AND BELIEF.
6
6
/ N$
65
CALLED 10.00 ACRES
RAYMOND DAVIS
VOL. 583, PAGE 255
D.R.W.C.Tx.
N
N
MAY, 2000
MEMUCAN HUNT SURVEY A -314
WILLIAMSON COUNTY, TEXAS
SCALE 1" -40'
0 20 40
LEGEND
• CON PIP S
FOUND UNLESS
6 NOTED
o %2" E
o '/• WON ROD SET W /CM UNLESS NOTED
• %^ IRON ROD FOUND UNLESS NOTED
I RECORD INFORMATION
Z. POWT OF 00620005
5
Re c POWT OF FOUND
pr WON PIPE FOUND
Oaar r_i. OFFICIAL PUBLIC RECORDS W01IAM50N
COUNTY, TEXAS
00.0,0.0 OFFICIAL RECORDS WRLVM506 COUNTY, 70005
000.0. PLAT RECORDS WILLIAMSON COUNTY, TEXAS
8.R.W c i,, DEED RECORDS W1110.4SON COUNTY, TEXAS
4029 capital of Texas Wplmay. So
INC. Brodie Oaks Pmtessmel Plaza, Suite 125
AUs0n,000as 78704
(512) 447-0575
Fax (512) 316 - 3029
RIGHT —OF —WAY PLAT
SHOWING PROPERTY OF
RAYMOND DAVIS
PAGE 2 OF 2
REF. FIELD
NOTE NO.1778
DATE: May 18, 2001
SUBJECT: City Council Meeting — May 24, 2001
ITEM: * 12.D.6. Consider a resolution authorizing the Mayor to execute a Real
Estate Contract with Raymond Davis for right-of-way for the
A. W. Grimes Boulevard project. The purchase price is
$22,652.50 for 0.16 acres.
Resource: Jim Nuse, Public Works Director
Tom Word, Traffic Engineer
History: This contract with Mr. Davis is for right of way acquisition
necessary for the construction of the A.W. Grimes Blvd. project.
Funding:
Cost: $22,652.50
Source of funds:
Outside Resources: The Pinnacle Group, Sheets & Crossfield, P.C.
Impact: N/A
Benefit: Improved mobility through the east portion of Round Rock.
Public Comment: Several meetings with affected property owners.
Sponsor: N/A
March 28, 2002
Sheets & Crossfield, P.C.
Attorneys at Law
309 E. Main Street
Round Rock, Texas 78664 -524
Re: Our File No. 07000329
Property Address: CR 170
Dear Homeowner:
Enclosed is the Certified Copy of the Owner Policy of Title Insurance and jacket. This policy contains
important information about the real estate transaction you have just completed. Please read it and retain it
with your other valuable papers.
A complete file of the records conceming your transaction will be maintained under the above assigned file
number. These records will assure prompt processing of future title orders and save valuable time should
you wish to sell or obtain a loan on your property. Visit or call any one at our offices and simply give them
your personal file number.
We appreciate the opportunity of serving you and will be glad to assist you in any way in regard to your
future escrow or title service needs.
It is not mandatory, but it is your responsibility to render your property to the respective taxing authorities
to assure proper mailing of future tax notices.
Again, thank you.
Sincerely,
First American Title Insurance Com • any
• !moral Processing
Enclosure.
AM
0
ti 9�
FIRST AMERICAN TITLE INSURANCE COMPANY
OF TEXAS
3834 Spicewood Springs
Austin, Tx 78759
Phone (512) 345-0575 FAX (512) 345-0967
5/,23 0 OWNER POLICY OF TITLE INSURANCE
We hereby certify this instrument
Issued by is a true and correct copy of the
original.
FirstAme vo l
FIRST AMERICAN TITLE INSURANCE COMPANBy
SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED
IN SCHEDULE B AND THE CONDITIONS,AND STIPULATIONS, FIRST AMERICAN TITLE INSURANCE
COMPANY, a California 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 Sch eduleA, sustained or incurred by the
insured by reason oft., '
First American Title Insurance Company
1
1. Title to the estate or interest described in Schedule A being vested other - than as stated therein;
2. Any defect inor•lien•or encumbrance,on the title;
3. Any statutory or constitutional mechanic's; contractor's; or materiainan's lien for labor or matenal having
its inception on or before Date of Policy;
4. Lack of a right of access to and from the Ian
5
5. Lack of good•and indefeasible tide.-
.,_. °--,. �9 ' :c. - x+39 q a%. • r ".
The Company also will pay the costs, attorneys' fees and expenses incurred in defense of the title, as insured,
but only to the extent provided in the Conditions'and stipulations.
IN WITNESS HEREOF, the FIRST AMERICAN TITLE INSURANCE COMPANY has caused this policy to
be executed by its President under the seal of the Company, but this policy is to be valid only when it bears an
authorized countersignature, as of the date set forth in Schedule A.
ATTEST
FORM TI CA OWNER POLICY OF TITLE INSURANCE (EFFECTIVE 1 -1 -93)
Secretary,
First American Title Insurance Company
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 which
arise by reason of:
1. (a) Any law, ordinance or governmental regulation (lncludmg but not hunted to
building and zoning laws, ordmanca, or regulations) restricting. regulating, prohibiting
or relating to (i) the occupancy, use, or enjoyment of the land; () the character,
dimensions or location of any improvement now or hereafter erected on the land; (tai)
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 (iv) env protection, or the
effect of any violation of these laws, ordinances or governmental regulations, except to
me extent that a notice of the enforcement thereof or a notice of a defect, den or
encumbrance resulsng from a violation or alleged violation affecting the lard has been
recorded in the public records at Date of Policy.
(b) Any governmental 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
m the public records at Dam of Policy, but not excluding from coverage any taking
that has occurred pnor m Data of Policy which would be binding on the rights of a
purchaser for value without knowledge.
7 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
Polity, but known to the insured claimant and not disclosed in writing to the Company
by the msured claimant prior to the date the insured claimant became an insured under
this policy,
(e) resulting in no loss or dmoge to the insured claimant;
(d) attaching or created subsequent to Dam 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 an the estate or
interest covered hereby in the land described in Schedule A because of =marketability
of the tide.
5. Any claim, which ansa out of the 0ansacaon vesting in the persoe 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 () the transaction crating the estate or
Interest Insured by this Policy being deemed a fraudulent conveyance or fraudulent
transfer or a voidable distribution or voidable dividend or (t) the subordtatioa or
reeharamerlation of the estate or interest insured by this Policy as a result of the
application of the doctrine of equitable sobordinalon or (in) the transaction crating to
estate or interest insured by d Policy being deemed a preferential transfer except
where the preferential transfer results from the failure of the Company or its issuing
agent to timely file for record the instrument of transfer to the insured after dehvery or
the failure of such recordation to Impart notice to a purchaser for value or a judgment•
or lien creditor.
CONDITIONS AND STIPULATIONS
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, bra rat limned m, heirs, dumbutea, devisees, survivors, personal
representatives, nest of kin, or corporate, p nnershlp or fiduciary successor, and
specifically, without Ilmitatfon, 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;
(11) the partnership successors in interest to a galena] or limited
partnership which dissolves but dots not emaate;
(11) the successors le invest m a general or limited partnership
resulting from the distribution of the asses of the general or limited partnership upon
partial or complete liquidation;
(iv) the successors in interest to a joint venture remlung from
the distribution of the assets of the joint vennue upon partial or complete hquidation;
(v) the successor or substitute trustee(s) of a trustee named in a
written oust instrument; or
(vi) the suceesaors in interest to a rrusme or trust resulting from
the distribution 0(011 or part of the assets of the Vag to the beneficiarns 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 man insured by reason of the public records as defined in
this policy or any other records which impart constructive notice of matters affecting
thalaod.
(d) "land ": the land descnbed or mferreA min Schedule A, and onprovenenas
affixed thereto that by law constitute real properly. The term "land" does not include
any property beyond the Ines of the area described or referred to in Schedule A, nor
any right, tide, interest, estate or easement in abutting streets, roads, avenues, alleys,
lanes, ways or waterways, but nothing herein shall modify or limit to exam to which
a right of access to and from the land is loured by its policy.
(e) 'mortgage ": mortgage. deed of trust, trust deed, or other seminty
instrument.
(t) "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)(ty) of the
Exclusions From Coverage, "public records" also shall include environmental
protection Ikns filed in the records of the clerk of the United Stases disniet eaun for
the district in which the land u located
(g) "amass": legal right of access to the tand and not the physical condition of
assess. The coverage provided as to access does not assure the ad quacy 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 Date of Policy in favor
of an insured only so long as the inured 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 die Insured shall have liability by reason of
covenants of warranty made by the insured in any transfer or conveyance of the estate
or intent. This policy shall not continue in force in favor of any purchaser from the
insured of either (t) an estate or interest in the land, or (ti) an indebtedness secured by
a purchase money mortgage given to the insured.
3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT.
The insured shag notify the Company promptly in writing (i) in cue of any
litigation as set forth in Section 4(a) below, or (11) In case knowledge shall come man
insured hereunder of any claim of tide or interest that is adverse to the title 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 shag not be given to
the Company, then ea to the Insured all liability of the Company shall terminate with
regard to the matter or matters for which prompt nodce is required; provided,
however, that failure to notify the Company shall in no case prejudice the rights of any
insured under this policy unless the Company shall be prejudiced by the failure and
then only to the extent of the prejudice.
When, after the dam of the policy, the insured notifies the Company as required
herein of a lien, encumbrance, adverse claim or other defect 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 invadgate the charge to
determine whether the lien, encumbrance, adverse claim or defect is valid and not
barred by law or saran The Company shall notify the insured in wrung, within a
reasonable time, of fm determination as to the validity or invalidity of the insured's
claim or charge under the policy. If the Company concludes that the lien,
encumbrance, adverse claim or defect is not coveted by this policy, or was otherwise
addressed in the closing of the teensacdoo in 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 vand, the Company shall take one of the following actors: (1) institute the
necessary proceedings to clear the lien. encumbrance, adverse claim or defect from to
title to the tame as unmet (11) indenmity the insured 05 provided le this policy; fill)
upon payment of appropriate premium and charges therefor, Issue to the insured
claimant or to a subsequent owner, mortgagee or holder of the estate or )nteeat in the
land insured by this policy, a policy of ode insurance without exception for the l
encumbrance, adverse claim or defect, said policy to be In an amount equal to the
Trent value of the property or, if a mortgagee policy, the Lino.' of the loan; (iv)
indemnify another tide 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 hen,
encumbrance, adverse claim or defect; or (vi) undertake a combination of (i) through
(v) herein.
4. DEFENSE AND PROSECUTION OF ACTIONS: DUTY OF INSURED
CLAMANT TO COOPERATE.
(a) Upoa written 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 lidgaton lo
which any thud party asserts a claim adverse to the tide or interest as insured, but
only as to those stated causes of action alleging a defect, hen or encumbrance or other
matter insured against by this policy. The Company shall have the nght m select
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 of action and shall not be liable for
and will at pay the f of any other counsel. The Company will not pay any fees,
costs or expenses incurred by the insured in the defense of Jose causes of action that
allege ratters not insured against by this policy.
TEXAS OWNER POLICY OF TITLE INSURANCE
SCHEDULE A
Policy No. 515230 O
GF No. 07000329 - 060 -PMD Amount of Insurance $ 22,652.50
Premium $373.00
DATE OF POLICY June 19, 2001 at PM
1. Name of Insured:
The City of Round Rock, Texas
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:
The City of Round Rock, Texas
4. The land referred to in this policy is described as follows:
See Exhibit A attached hereto and made a part hereof.
We hereby certify this instrument
is a true and correct copy of the
original.
First 4trt►4rlc utano° Co.
First American Title Ins. Co. of Texas First American Title Insurance Company of Texas
Texas Owner T -1 (Rev. 1 -1 -93) - Schedule A Valid Only if Schedule B and Cover are attached
Exhibit A
0.16 of an acre of land, more or less, out of the Memucan Hunt Survey, Abstract No. 314, situated in Williamson County,
Texas and being a portion of a 10.00 acre tract of land described in warranty deed to Raymond Davis recorded in Volume 583,
Page 255, Deed Records, Williamson County, Texas. Said 0.16 of an acre more particularly described by metes and bounds in
Exhibit "B" attached hereto and made apart hereof.
NOTE: The Company is prohibited from insuring the area or quantity of the land described herein. Any statement in the
above legal description of the area or quantity of land is not a representation that such area or quantity is correct, but is made
only for informational and /or identification purposes and does not override Item 2 of Schedule B hereof.
0.16 Acre FN1778(CMS)
Memucan Hunt Survey May 4, 2000
Williamson County, Texas SAM, Inc. Job No. 99252 -21
DESCRIPTION OF A 0.16 ACRE TRACT OF LAND IN THE MBMIJCAN HUNT SURVEY ABSTRACT NO.
314, WILLIAMSON COUNTY, TEXAS, BEING A PORTION OF A CALLED 10.00 ACRE TRACT OF LAND
CONVEYED IN THE DEED TO RAYMOND DAVIS AS RECORDED IN VOLUME 583, PAGE 255 OF THE
DEED RECORDS WILLIAMSON COUNTY, TEXAS, SAID 0.16 ACRE TRACT OF LAND AS SHOWN ON
THE ACCOMPANYING SKETCH, AND BEING MORE PARTICULARLY DESCRIBED BY METES AND
BOUNDS AS FOLLOWS:
COMMENCING at a 1/2 -inch ton rod found for the intersection of the east right -of -way (ROW) line of County
Road No. 170 (variable width ROW), and the south ROW line of Roundville Lane (a 50 foot wide road easement) as
described in Volume 1125, Page 368 of the Official Records Williamson County, Texas, same being the northwest
comer of a called 2.50 acre tract of land described in the deed to Dale E. Werner as recorded in Volume 583, Page
262 of the Official Records Williamson County, Texas;
THENCE with said east ROW line, same being the west fine of said Wenner 2.50 acre tract, the west line of a called
2.50 acre tract of land described in Inc deed to Lloyd Howard Harrison, Jr. as recorded in Document No. 9452750 of
the Official Records Williamson County, Texas, S 54° 05' 01' E, a distance of 400.08 feet to a 1/2 -inch ton rod
with cap set for the northwest corner of said 10.00 acre Davis Tract same being the southwest comer of said 2.50
acre Harrison Tract and the POINT OF BEGINNING;
THENCE with the common line of said Harrison 2.50 acre tact and said Davis 10.00 acre tract N 66° 27' 25" E, a
distance of 43.80 feet to a 1/2 -inch iron rod with cap set for the northeast comer of the tract described herein from
which a 1/2 -inch iron rod found for the southeast corner of said Harrison 2.50 acre tact, same being in the north line
of said Davis 10.00 acre tract bears N 66° 27' 25" E, a distance of 632.48 feel;
THENCE leaving said common line and crossing said Davis 10.00 acre tract the following two (2) courses and
distances:
1. S 54° 08' 28" E, a distance of 167.77 feet to a concrete monument set, and
2. S 35° 41' 13" W, a distance of37.90 feet to a concrete monument set in said east ROW line same being
the west line of said Davis 10.00 acre tract;
THENCE with said common line N 54° 05' 01" W, a distance of 190.19 feet to the POINT OF BEGINNING and
containing 0.16 acre of land more or less.
Bearing Basis: Bearings are based on Inc Texas State Plane Coordinate System, NAD 83, Central Zone and
adjusted to surface using a surface adjustment factor of 1.00012. As provided by Doug Anderson, RPLS, Survcon,
Inc.
THE STATE OF TEXAS §
COUNTY OF TRAVIS §
KNOW ALL MEN BY THESE PRESENTS:
SURVEYING AND MAPPING, Inc.
4029 Capital of Texas Hwy. So., Suite 125
Austin, Texas 78704
G y1't t iT
That I, Michael R. Hatcher, a Registered Professional Land Surveyor, do hereby certify that the above
description is true and correct to tie best of my knowledge and belief and that the property described herein was
determined by a survey made on the ground during March 2000 under my direction and supervision.
WITNESS MY HAND AND SEAL at Austin, Travis County, Texas on this 9' day of May
Page 1 of 2
Description: Williamson,7X Document- Year.DocID 2001.43553 Page: 3 of 5
Order: 1 Comment:
/ Mr �.
Mi IR. Hatcher
�� ^���:::
Reg ered Professional Land
No. 4259 - State of Texas
SCHEDULE B
GF No. 07000329 Policy No. 515230 0
This policy does not insure against loss or damage (and the Company will not pay costs, attomey'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):
Item No. 1, Schedule B, is hereby deleted.
2. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any
overlapping of improvements.
3. Homestead or community property or survivorship rights, if any, of any spouse of any insured.
4. Any titles or rights asserted by anyone, including but not limited to, persons, the public, corporations, governments or
other entities,
a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or
oceans, or
b. to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or
c. to filled - in lands, or artificial islands, or
d. to statutory water rights, including riparian rights, or
e. to the area extending from the line of mean low tide to the line of vegetation or the 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 (the Company must
insert matters or delete this exception):
a. Rights of Parties in Possession.
b. Rights of tenants, as tenants only, under unrecorded leases or rental agreements.
c. Any portion of subject property lying within the boundaries of a public or private roadway whether dedicated or not.
d. Visible and apparent easements on or across property descnbed in Schedule A.
e. Easement:
To: Texas Power and Light Company
Recorded: Volume 505, Page 310, Deed Records, Williamson County, Texas
Purpose: electric lines
First American Title Ins. Co. of Texas First American Title Insurance Company of Texas
Texas Owner T -1 (Rev. 12-30-99) - Schedule B Valid Only If Schedule A and Cover are attached
SCHEDULE B - continued
File No. 07000329 Policy No. 515230 0
f. Mineral and/or royalty interest:
Recorded: Volume 296, Page 265, Deed Records, Williamson County, Texas. Title to said interest has not
been investigated subsequent to the date of the aforesaid instrument.
First American Title Ins. Co. of Texas
Lelnunea, C. Itiriaoru90
By:
Authonud Countersignature (HOG/ash)
(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 m its opinion may be accessary or
desirable to cslablisli the title to the estate or interest, as insured, or to prevent or
reduce loss or damage to the 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 liability or waive any provision of this policy. If the Company
shall exercise its rights under this paragraph, a shag do so 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 right, 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
a0 appeals therein, and permit the Company to 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 0) In any action or
proceeding, securing evidence, obtaining witnesses, prosecuting or defending the action
or =wading, or effecting settlement, and (ii) in any other lawful act that m the
opinion of the Company may be necessary or desirable to establish die tide to the
estate or interest as Insured. If the Company u prejudiced by t failure of the Insured
to furnish die required coopemdon, the Company's obligations to the insured under die
policy shall termunsre, including any liability or obligation 10 defend, prosecute, or
continue any litigation, with regard to the matter or matters requiring such cooperation.
S. PROOF OF LOSS OR DAMAGE.
In addition to and aher the notices required under Section 3 of these Conditions
and Stipulation have been provided the Company. a proof of loss or damage signed
and swore to by the insured clamant shall be furnished to the Company whim 91
days after the insured clamant shall ascertain the facta swing rise to the Ion or
damage. The proof of loss or damage shag describe the defect in, or ten or
encumbrance on the title, or other matter insured against by this policy that constitutes
the basis of loss or damage and shag 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. =hiding 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 authorized representative of the Company and shall
produce for examination, Inspection and copying, at such reasonable times and places
as may be designated by any authorized representative of the Company, all records,
books, ledgers, checks, correspondence and memoranda, whether bearing a date before
or after Date of Policy, which reasonably pertain to the loss or damage. Further, if
requested by my althorn= representative of die Company, the insured clamant shag
grant as permission, in wrung, for any authorized representative of the Company to
examine, aspect and copy all records, books, ledgers, checks, correspondence and
memoranda 0 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 &tenon 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 clamant to submit for examination
under oath, produce other reasonably requested .nfonoatidn or grant permission to
secure reasonably necessary information from third parties as required in this
paragraph shall terminate any lability of the Company under this policy as to that
claim.
6 OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS:
TERMINATION OF LIABILITY.
In case of a claim miler this policy, the Company shall have the following
additional options:
(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 costa, anomeyi fees and expenses maned by the insured claimant, which
were eudiorued 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 labdrty and obligations to
the insured under this policy, other than to rake 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.
(b) To Pay or Oherwsse Settle With Parties Other than the Insured or With she
Insured Claimant.
(i) to pay or otherwise seine with other parties for or in the name of an
insured clamant any claim insured against under this policy, together with any costa.
attorneys' fees and expenses incurred by the insured clamant, which were authorized
by the Company up to the time of payment and which the Company is obligated to
PaY; or
(ii) to pay or otherwise settle with the insured claimant the loss or damage
provided for 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
dine 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)0) or (ill, the Company's 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 harem
described.
(a) The liability of the Company under this policy shall not exceed the least of:
(i) the Amount of Insurance stated in Schedule A; or
(ii) the difference between the value of the inured 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 S of these
Conditions and Stipulations.
(b) In the event the Amount of Insurance sated in Schedule A at the Date of
Policy ia less than 80 percent of the value of the insured estate or interest or the full
consideration paid for the land, whichever a less, or if subsequent to the Data of
Policy an improvement ss erected on the land which increases the value of the insured
estate or interest by at least 20 percent over the Amount of Insurance stated in
Schedule A, then this Policy h subject to the following.
(i) where no subsequent improvement has been made, as to any partial
loss, the Company shall only pay the loss pro rata m 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
( where a subsequent improvement has been nude, as to any papal
Ins, the Company shall only pay the loss pro rata in the proportion that 120 percent
of the Amount of Insurance stated in Schedule A bean to the sum of the Amount of
Insurance sated in Schedule A and the amount expended for the improvement.
The provisions of this paragraph shall not apply to costa, attorneys' fees and
expenses for which the Company is (able 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.
(e) The Company will pay only those coca, attorneys' fees and expenses
incurred in aceardanee with Section a of these Conditions and Stipulations.
8. APPORTIONMENT.
If the land described In Schedule A consists of two or more parcels that are not
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 seeded on a pro rata basis as if 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
Date of Policy, unless a lability or value has otherwise been agreed upon as to each
parcel by the Company and the insured at the tune 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 tide, or removes the alleged defect, hen or
encumbrance, or cures the lack of a right of access to or from the and, all as insured,
or tapes 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, n 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, rncludmg litigation by the Company or with
the Company's consent, the Company shall have no lability for loss or damage until
there has been a final determination by a can of competent jurisdiction, and
disposition of all appeals therefrom, adverse to the title as insured.
(c) The Company shag not be liable for loss or damage to any insured for
lability voluntarily assumed by the insured in settling any claim or suit without the
prior written consent of the Company.
10. REDUCTION OF INSURANCE. REDUCTION OR TERMINATION
OF LIABILITY.
All payments under din policy, except payments made for costs, attorneys' fees
and expenses, shall reduce the amount of the insurance pro tame.
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 insuring a mortgage to
which exception is taken in Schedule B or to which the insured has agreed. assumed,
or taken subject. or which is 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.
12. PAYMENT OF LOSS.
(a) No payment shall be made without producing dos 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 Company's 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 rights and remedies
than the insured claimant would have had against any person or property in respect to
the claim had this policy not been issued. If requested by the Company, the insured
claimant shall transfer 0 the Company all rights and remedies against any person or
property necessary in order to perfect this right of subrogation. The insured claimant
shall permit the Company to sue, compromise or unle in the name of the insured
claimant and to use the name of the insured claimant in any transaction or litigation
involving these rights 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 Company's payment bears to the whole amount of the lass.
' If loss 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.
if any. lost to the Company by reason of the impairment by the insured claimant of the
Company's right 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 hmitauon, the rights 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 admiration .section is deleted by
specific provision in Schedule B 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 in connection with ita issuance or the
breach of s policy provision or other obligation. All arbitrable matters when the
Amount of Insurance is 51,000,000 or less SHALL BE arbitrated at the request of
either the Company or the Insured. unless the insured is an individual person (as
distinguished front a corporation, trust, partnership, association or other legal =tap.
All arbitrable matters when the Amount of Insurance is in excess of 51,000,000 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 an the date the demand for
arbitration is made or, al the option of the insured, the Rules in effect at Dale of
Polley shall be binding upon the panics. The award may include attomeyi fees only if
the laws of the state in which the laid is located permit a court to award attorneys'
fees to a prevailing parry. Judgment upon the award rendered by the Arbitrator may
be entered in any court having Jurisdiction thereof.
The law of the sitar of the land shall apply to any 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, if any, attached hereto by the
Company its 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, whetter or not based on negligence, and
which arises out of the states of the tide to the estate or interest covered hereby or by
any anion asserting such claim, shall be restricted to this policy.
(c) No amendment of or endorsement to This policy can be made except by a
writing 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. t policy shall be deemed not to include that provision. and all other
provisions shall remain in full fora and effect.
17 NOTICES, WHERE SENT.
All notices required to be given the Company and any statement to writing required to be
furnished the Company shall include the number of this policy and shall be addressed to
the Company at First American Tide Insurance Company, 1500 S Dairy Ashford, Suite
300, Houston, TX 77077.
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. If the problem is not
resolved, you also may write the Texas Department of Insurance of Texas, P.O. Box
(49104, Austin, TX 78714.9104, Fax No. (512) 305 -7426. This notice of
complaint procedure is for information only and toes not become a part or condition of
this policy.
8
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SCANNED # 8?