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R-87-979 - 4/9/1987RESOLUTION NO. 1 97 . 9/< 2 WHEREAS, Austin Homes Incorporated wishes to utilize a portion of the Windy Park Drive right -of -way to create a Model Home Village; and WHEREAS, Austin Homes Incorporated has submitted a License Agreement for the use of said right -of -way, and WHEREAS, the property and the license parcel are located on an undeveloped street, NOW THEREFORE BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS That the Mayor is hereby authorized and directed to enter into said License Agreement with Austin Homes, Incorporated, a copy of said agreement being attached hereto and incorporated herein for all purposes. ATTEST: 411 11.44A' nne Land, ity Secretary MIKE ROBINSON, Mayor City of Round Rock, Texas Mr. James L. Sullins, President Austin Hanes, Inc. Box 1207 Round Rock, TX 78680 RE: License Agreement - Windy Park Dear Mr. Sullins: Sincerely, THE CITY OF ROUND ROCK 214 East Main Street Round Rock, Texas 78664 512 -255 -3612 Mayor Mike Robinson Mayor Pro-tem JMSS /rc Mike Heiiigenstein Connell Members _ Glenn T. King CC: Joanne Land Pete Correa Ronnie Jean Charles Culpepper Trudy L. Lee City Manager Jack A. Harzke City Attorney Donald Lee Wog April 29, 1987 Council agreed to enter into the above noted license agreement. The attached agreement has had minor amendments by our City Attorney. The single outstanding item is the addition of the City as co-insured under your liability policy. Upon receipt of written confirmation of this item from your insurance company and receipt of the signed amended agreements, the Mayor will execute the License Agreement. You may forward the required documentation to mynelf, Jim Stendebach, Assistant Director Planning & ('rmmmity Development City of Round Rock THE STATE OF TEXAS COUNTY OF WILLIAMSON LICENSE AGREEMENT KNOW ALL MEN BY THESE PRESENTS: That the City of Round Rock, Texas, hereinafter referred to as "Licensor ", acting through the undersigned official who is so empowered by resolution of the City Council, in consideration of the agreement made herein by Joe Bracamontez and Mary Jane Bracamontez, hereinafter referred to as "Licensee ", owner of the property more particularly described in Exhibit "B" attached hereto and incorporated herein by this reference for all purposes, hereby grants a license to the said Licensee to permit a portion of the house located at Logan Street to encroach into the right -of -way of Logan Street, as shown on Exhibit "A" attached hereto and incorporated herein by this reference for all purposes, owned and occupied by the City of Round Rock, Williamson County, Texas, but such improvements shall at all times not be in conflict with any utility lines or equipment or interfere with any utility, which is not servicing the improvements, and subject to the following terms and conditions: 2. Neither the granting of this license, nor of any related permit, constitutes an abandonment by the Licensor of its property, easement or easements, or any other rights in and to the above described property. Licensee expressly stipulating and agreeing by Licensee's acceptance of this license that Licensee neither asserts nor claims any interest or right of any type or nature whatsoever, either legal, equitable or otherwise in and to Licensor's property. Licensee hereby expressly covenants, stipulates and agrees, without limitation, to indemnify and defend the Licensor and hold it harmless from any and all liability, claim, cause of action, and cost, including attorneys fees, and including any acts or omissions of the Licensor, its officers, agents, and employees, which may grow out of or be attributable to the granting by the Licensor of said license and any supplemental license which may hereafter be issued in connection herewith including any inspections which may be conducted in connection with or pursuant to said license and any supplemental license. 3 . Licensee agrees to comply with all laws and ordinances in the use and maintenance of said property. 4. Licensor retains the right, but not the obligation, to enter upon the land to which this license applies and at Licensee's expense to remove any structure or improvements or alterations thereon upon the determination by Licensor that such removal is necessary for exercising Licensor's rights or duties in regard to said Logan Street, or for protecting persons or property, or public interest in regard to said Logan Street. 5 . This license, until its expiration or revocation, shall run with title to the above described real property, and the terms and conditions hereof shall be binding on any subsequent owners or holders thereof. Licensee shall cause any immediate successors in interest to have factual notice of this license agreement. 6. This license shall expire automatically upon removal of the improvements located on the property pursuant to this license, and shall expire as to any portion of said improvements upon the removal, whether or not all of the proposed improvements are removed. 7 . This license is revocable by the Licensor upon the occurrence of any of the following conditions or events: a. Licensee or its successors has failed to comply with their terms of this license; or b. The improvements located thereon or a portion of them interfere with the rights of the Licensor or the public in or to Licensor's property; or c. Use of the licensed area becomes necessary for a public purpose; or d. Said improvements or a portion of them constitute a danger to the public which is not remediable by maintenance or alteration of the said improvements; or e. Maintenance or alteration necessary to alleviate a danger to the public has not been made within a reasonable time after the dangerous condition has arisen. 8 . This license shall be effective upon the acceptance of the terms hereof by the Licensee, as indicated by the signature of Licensee and the signature execution of the Street Right -of -Way Dedication. This license shall be filed for record in the Official Records of Williamson County, Texas. TERMS AND CONDITIONS ACCEPTED, this the day of , 1987. LICENSOR - CITY OF ROUND ROCK LICENSEE - JOE and MARY JANE BRACAMONTEZ MIKE ROBINSON, Mayor Joe Bracamontez ATTEST: Joanne Land, City Secretary Mary Jane Bracamontez Name and Address of Licensee: THE STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me on this the day of , 1987 by Joe Bracamontez. THE STATE OF TEXAS COUNTY OF WILLIAMSON Notary Public, State of Texas This instrument was acknowledged before me on this the day of , 1987 by Mary Jane Bracamontez. Notary Public, State of Texas THE STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me on this the day of , 1987 by MIKE ROBINSON, Mayor of the City of Round Rock, Texas, a municipal corporation, on behalf of said corporation. Notary Public, State of Texas FIELD NOTES FOR 0.028 ACRE EXHIBIT "B" Page 1 of 2 FIELD NOTES describing a 0.028 acre tract or parcel of land situated in the Wiley Harris Survey, P1stract No. 298, in the City of Round Rock, Williamson County, Texas, being a portion of the B and M Addition as shown on a Plat of Record in Cabinet A, Slide 389, of the Plat Records of said County, said tract being the same land conveyed to Joe Braca- montez and wife, Mary Jane Bracamontez by Deed recorded in Volume 883, Page 269, of the Deed Records of said County, being more particularly described by metes and bounds as follows: BEGINNING at the intersection point of the curving west right -of -way line of U. S. Highway No. 81, and the projecting north fenced right -of- way line of Logan Street, being the southeast corner of said Bracamontez tract, said point bears S80 ° 19'E, 4.09 feet from a fence corner post, being the Southeast corner and POINT ..OF BEGINNING of the hereinafter described 0.028 acre; THENCE along the north fenced right -of -way line of Logan Street, for the south line hereof, N80 ° 19'W, 122.81 feet to a fence corner post, being the southwest corner hereof; THENCE along the west line of said Bracamontez tract, as fenced and occupied upon the ground, for the west line hereof, N08 ° 16'E, 10.00 feet to the northwest corner hereof; THENCE along the north line hereof, N80 ° 19'E, 118.53 feet to the north- east corner hereof; THENCE along said curving west right-Of-way line, being the arc of a curve to the right having elements of delta = 00 ° 06'39 radius = 5679.57 feet, arc = 10.98 feet, tangent = 5.49 feet, chord bearing and chord = S14 °41'41 "E, 10.98 feet, to the POINT OF BEGINNING of the herein described tract of land containing 0.028 acre or 1,207 square feet of l and. EXHI$IT. "&" Page 2.of 2 5KETCH FOR 0 C2B Ac. ADO/ r/ONAL R.0. Lc% OUT Df T//E W /LE'v /i'A•P.P /S S1/, ' (< /4 ?98, //./ T//E 1/T7 Df AV1/1/0 ,PD CF W/ 'I /AMSD,!/ eezi,aTY, 7,e. Pei Z EGE.VO 0 . '.PO.!/ L''L • ',eau 1— .= Ea : f [m/e B. .9Cq Pbe t c T 'f M4.t,, 1 � --_. / sT, s � o � , R/ E SQ Haynie & Kallman Inc CCNSULTiNG ENGINEERS 1106 South Mays Rouna Rock, Teas 76664 .; THE STATE OF TEXAS . COUNTY OF WILLIAMSON: LICENSE AGREEMENT THIS AGREEMENT is made and entered into this day of 1987, by and between the City of Round Rock, a Texas municipal corporation (Licensor), and Austin Homes, Incorporated, its successors and assigns (Licensee). RECITALS WHEREAS, Licensee owns and occupies certain real property in Round Rock, Williamson County, Texas, and being more particularly described as Lots 1 through 5 inclusive, Block B, Windy Park Subdivision, Section I (the Property); and WHEREAS, Licensee operates a subdivision sales office and model home complex at said location; and WHEREAS, Licensee has need for security fencing enclosing the front yards of the Property as well as a portion of the public right -of -way adjacent to the Property, as indicated on Exhibit "A" (the License Parcel), attached hereto and incorporated herein for all purposes; and WHEREAS, such fence would not adversely affect the public's use of said right -of -way, since the Property and the License Parcel are located on an otherwise undeveloped street; NOW THEREFORE, for and in consideration of TEN and NO/ 100 Dollars ($ 10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Licensor and Licensee hereby agree as follows: 1. Licensor hereby grants and demises unto Licensee the right to use and maintain a security fence on the License Parcel, provided said fence shall be constructed of open wrought iron pickets of a height no greater than 48- inches, so as to not obstruct views in any way. Page 1 of 4 Pages 6. This License shall be for a period of one year from the date herein, but shall automatically renew for an additional one year unless Licensor notifies Licensee of its intent not to renew within thirty days prior to the conclusion of the one year period. Should Licensor elect not to renew this License, Licensee shall remove said fence from the License Parcel within 30 -days of the expiration of this License. 2. The License granted herein shall be revocable by Licensor upon the sale, lease or other transfer of one or more of the model homes, provided such sale or lease is for the purpose of ceasing use of the home as a model home and the commencement of residency, by an owner or tenant. At such time, Licensor shall give to Licensee, its successors or assigns, silty (60) days written notice of Licensor's intent to revoke this License. Licensee agrees to remove said fence within sixty (60) days after receipt of such written notice from Licensor. 3. Licensee further agrees to indemnify Licensor against liability, loss or damage Licensor may suffer as a result of costs or judgments against Licensor arising out of the existence of the herein described fence upon the License Parcel, if said liability, loss or damage would not have occurred had the herein described fence not existed upon the License Parcel at the time of the occurance giving rise to the liability, loss or damage. Further, Licensee agrees to keep in force the liability insurance policy evidenced hereto as Exhibit "B," or any other replacement insurance policy of equal or superior coverage, and to name the Licensor as an additional insured on the current insurance policy or any replacement insurance policy, for the purposes described herein. 4. The License granted herein is assignable by Licensee, its successors and assigns, without the consent of Licensor, to any subsequent owner of the Property, provided said subsequent owner shall not change the use of said Property, that use being as a subdivision sales office and model home complex. This agreement shall be binding upon and enforceable by the parties hereto, and their respective successors and assigns. 5. This License, until its expiration or revocation, shall run with title to the Property, and the terms and conditions hereof shall be binding on any subsequent owners or holders thereof. Licensee shall cause any immediate successors in interest to have factual notice of this License agreement. Page 2 of 4 Pages 7. Neither the granting of this License, nor of any related permit, constitutes an abandonment by the Licensor of its property, easement or easements, or any other rights in and to the above described property. Licensee expressly stipulates and agrees by Licensee's acceptance of this License that Licensee neither asserts or claims any interest or right of any type or nature whatsoever, either legal, equitable or otherwise in and to Licensor's property. 8. The notice required of Licensor herein shall be in writing and shall be deemed to have been properly delivered as of the date such notice is hand delivered to the occupant of the Property or deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid, addressed to Austin Homes, Inc., Post Office Box 1207, Round Rock, Texas 78680. IN WITNESS WHEREOF, the parties hereto have executed this agreement on the day and year first above written. ATTEST: The City of Round Rock, Texas JOANNE LAND, City Secretary LICENSOR: Page 3 of 4 Pages MIKE ROBINSON, Mayor LICENSEE: Austin Homes, Incorporated JAMES L. SULLINS, President STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me, a notary public, this day of , 1987, by Mike Robinson, Mayor of the Qty of Round Rock, Texas, a Texas municipal corporation, on behalf of said corporation. STATE OF TEXAS COUNTY OF WILLIAMSON Page 4 of 4 Pages Notary Public, State of Texas (Printed Name) Commission Expires This instrument was acknowledged before me, a notary public, this io day of ' 1987, by James L. Sullins, President of Austin Homes, Incorporated, on behalf of said corporation. ed ame) Commissi on E fission Expires- THE STATE OF TEXAS . COUNTY OF WILLIAMSON: LICENSE AGREEMENT THIS AGREEMENT is made and entered into this day of 1987, by and between the City of Round Rock, a Texas municipal corporation (Licensor), and Austin Homes, Incorporated, its successors and assigns (Licensee). RECITALS WHEREAS, Licensee owns and occupies certain real property in Round Rock, Williamson County, Texas, and being more particularly described as Lots 1 through 5 inclusive, Block B, Windy Park Subdivision, Section 1 (the Property); and WHEREAS, Licensee operates a subdivision sales office and model home complex at said location; and WHEREAS, Licensee has need for security fencing enclosing the front yards of the Property as well as a portion of the public right -of -way adjacent to the Property, as indicated on Exhibit "A" (the License Parcel), attached hereto and incorporated herein for all purposes; and WHEREAS, such fence would not adversely affect the public's use of said right -of- way, since the Property and the License Parcel are located on an otherwise undeveloped street; NOW THEREFORE, for and in consideration of TEN and NO /100 Dollars (=10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Licensor and Licensee hereby agree as follows: 1. Licensor hereby grants and demises unto Licensee the right to use and maintain a security fence on the License Parcel, provided said fence shall be constructed of open wrought iron pickets of a height no greater than 48- inches, so as to not obstruct views in any way. Page 1 of 4 Pages 2. The License granted herein shall be revocable by Licensor upon the sale, lease or other transfer of one or more of the model homes, provided such sale or lease is for the purpose of ceasing use of the home as a model home and the commencement of residency, by an owner or tenant. At such time, Licensor shall give to Licensee, its successors or assigns, sixty (60) days written notice of Licensor's intent to revoke this License. Licensee agrees to remove said fence within sixty (60) days after receipt of such written notice from Licensor. 3. Licensee further agrees to indemnity Licensor against liability, loss or damage Licensor may suffer as a result of costs or judgments against Licensor arising out of the existence of the herein described fence upon the License Parcel, if said liability, loss or damage would not have occurred had the herein described fence not existed upon the Licence Parcel at the time of the occurance giving rise to the liability, loss or damage. Further, Licensee agrees to keep in force the liability insurance policy evidenced hereto as Exhibit "B," or any other replacement insurance policy of equal or superior coverage, and to name the Licensor as an additional insured on the current insurance policy or any replacement insurance policy, for the purposes described herein. 4. The License granted herein is assignable by Licensee, its successors and assigns, without the consent of Licensor, to any subsequent owner of the Property, provided said subsequent owner shall not change the use of said Property, that use being as a subdivision sales office and model home complex. This agreement shall be binding upon and enforceable by the parties hereto, and their respective successors and assigns. 5. This License, until its expiration or revocation, shall run with title to the Property, and the terms and conditions hereof shall be binding on any subsequent owners or holders thereof. Licensee shall cause any immediate successors in interest to have factual notice of this License agreement. 6. This License shall be for a period of one year from the date herein, but shall automatically renew for an additional one year unless Licensor notifies Licensee of its intent not to renew within thirty days prior to the conclusion of the one year period. Should Licensor elect not to renew this License, Licensee shall remove said fence from the License Parcel within 30 -days of the expiration of this License. Page 2 of 4 Pages 7. Neither the granting of this License, nor of any related permit, constitutes an abandonment by the Licensor of its property, easement or easements, or any other rights in and to the above described property. Licensee expressly stipulates and agrees by Licensee's acceptance of this License that Licensee neither asserts or claims any interest or right of any type or nature whatsoever, either legal, equitable or otherwise in and to Licensor's property. 8. The notice required of Licensor herein shall be in writing and shall be deemed to have been properly delivered as of the date such notice is hand delivered to the occupant of the Property or deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid, addressed to Austin Homes, Inc., Post Office Box 1207, Round Rock, Texas 78680. IN WITNESS WHEREOF, the parties hereto have executed this agreement on the day and year first above written. ATTEST: The City of Round Rock, Texas JOANNE LAND, City Secretary LICENSOR: Page 3 of 4 Pages MIKE ROBINSON, Mayor LICENSEE: Austin Homes, Incorporated STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me, a notary public, this day of , 1987, by Mike Robinson, Mayor of the Qty of Round Rock, Texas, a Texas municipal corporation. on behalf of said corporation. STATE OF TEXAS COUNTY OF WILLIAMSON Page 4 of 4 Pages Notary Public, State of Texas (Printed Name) Commission Expires This instrument was knos/lodged before me, a notary public, this le day of &M 4■ 1987, by James L. Sullins, President of Austin Homes, ncorporated, on behalf of said corporation. it k Notary Pub ' C to of Texas ) NANCY K. HARRIS 6,a �' „� h ees My Commission EM pires Feb - 2. 19x1 L91 wi �DY P/ LE uIIJG10 EXHIBIT A TO ?E PIENA MEP LOT t LOT 4 LOT . 5de, Iv5O fo 1 0 504 W I1\197Y _? , , VI LLAGL DID F , PIEVI :Ei L-01 Q. 1 502 LoTI 15 1 LIC6$ISe Yge,eirrY 1AusrN HOMES K r WP44DfWT weft >FINCE �GALEs I =2O' 50. 00 LOT (o V 4P.4' WALK EXHIBIT A ' IO Pu,E. DY P/-AF �EGTID TO 1?E P,ENAI`1£D LExIhJGTO\ FENce -ss R,fr 3` FRaA i3pc ;- aF c.U2g LOT 5 LOT 4 LOT 3 15 c�ey Imo ria 1 504 W I■17Y :_ 'PAP : FiI VE VILLAGE OHE 1 I :E7 4'S S.L, 5'B.L: REGiCk 4' WALK Joi 2 15,02. a DC 3' Ldf I I m oo W cEHse 4ge ?Elvrl >{ ' wwujWT trot) l e u ce Gi I" = 20 R6ob. WALc AusTIN HOME& N82 G � 25.'1 A °25. Ed e-fv2 I A. Is. .4 DATE: April 7, 1987 SUBJECT: Council Agenda, April 9, 1987 ITEM: 15B - Consider a resolution authorizing the Mayor to enter into a license agreement with Austin Home. The attached license agreement will allow Austin Homes to utilize the portion of the Windy Park Drive right -of -way between the curb and the western right - of-way line. Austin Has will fence the sidewalk within this part of the right -of -way to create a model home village. The license may be terminated an either of the two following conditions: 1.) The sale, lease or transfer of any of the model homes for occupancy. 2.) Thirty (30) days notice from the City prior to the annual one (1) year renewal. date. Austin Hones wiil indemnify the City as outlined in. Clause 3. Confirmation of the addition of the City as co-insured should be received prior to the signing of this License Agreement by the Mayor. Mayor Mike Robinson Mayor Pro -tem Mike Heitigenstein Connell Members Glenn T. King Pete Correa Ronnie Jean Charles Culpepper Trudy L. Lee City Manager Jack A. Harzke City Attorney Donald Lee Wolf cc: In Wolf JMS /rc THE CITY OF ROUND ROCK 214 East Main Street Round Rock, Texas 78664 512- 255 -3612 MEMORANDUM T0: Joanne Land FROM:. Jim S DATE: May 4, 1987 SUBJECT: Austin Has License to Use Attached is the original Certificate of Insurance, for the above noted License to Use for your records. This is the coverage required by the City Attorney. Once the revised agreements are signed by Austin Homes, the Mayor may execute the documents. DMPANY LETTER TYPE OF INSURANCE POLICY NUMBER POLICY EXPIRATION DATE LIMITS OF LIABILITY IN THOUSANDS (000) EACH OCCURRENCE AGGREGATE 8 GENERAL LIABILITY GLPG07132657 01/01/88 BODILY INJURY $ ® COMPREHENSIVE FORM ® PREMISES - OPERATIONS PROPERTY DAMAGE S 0 EXPLOSION COLLAPSE H A NO ❑ UNDERGROUND HAZARD ® PRODUCTSICOMPLETED OPERATIONS HAZARD BODILY INJURY AND ® CONTRACTUAL INSURANCE PROPERTY DAMAGE 1,000 1 , 000 ® BROAD FORM PROPERTY DAMAGE COMBINED ® INDEP. CONTRACTORS ® PERSONAL INJURY PERSONAL INJURY 1,000 A AUTOMOBILE LIABILITY CAL946425 01/01/88 BODILY INJURY $ (EACH PERSON) ® COMPREHENSIVE FORM BODILY INJURY ® OWNED (EACH ACCIDENT) f ® HIRED PROPERTY DAMAGE 3 ® NONOWNEO BODILY INJURY AND PROPERTY DAMAGE COMBINED 1,000 EXCESS LIABILITY BODILY INJURY AND UMBRELLA FORM PROPERTY DAMAGE ❑ OTHER THAN UMBRELLA FORM COMBINED a $ WORKERS' COMPENSATION and STATUTORY EMPLOYERS' LIABILITY S (EACH ACCIDENT OTHER PHYSICAL DAM COMP - 100.DED /COLL- 500.DED ESCRIPTION OF OPERATIONS/LOCATIONS/VEHICLES • . _ .ter. 3 . OT Cert ftcate of Insurance THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER THIS CERTIFICATE DOES NOT AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES LISTED BELOW. AME AN. ADDRESS OF AGE NORTH AMERICAN INS AGCY 14825 ST MARY'S LN #100 HOUSTON, TX 77079 AME AND ADDRESS OF INSURED AUSTIN HOMES, INC. P. O. BOX 1207 ROUND ROCK, TX 78680 CORD 25 0 -791 COMPANIES AFFORDING COVERAGES COMPANY A I . N. A. LETTER M COMPANY B LETTER COMPANY f� LETTER V COMPANY LETTER COMPANY C LETTER L This Is to certify that policies of insurance listed below have been issued to the Mau ad named above and are In force at this time. Notwithstanding any requirement, term or condition of any contract or other document with respect to which this certificate may be issued or may pertain, the Insurance afforded by the poi ivies described herein is subject to all the terms exciuslons and conditions of such policies. 'JJ f(,OUgh 30' CEDAR FENCE BEING CONSTRUCTED ON THE WINDY PARK SUBDIVISION ` HbME4 ITY OF ROUND ROCK BEING ADDED AS ADDITIONAL INSURED WITH RESPECTS TO THIS SPECIFIC JOB. Cancellation: Should any of the above described policies be cancelled before the expiration date thereof, the issuing cornpany will endeavor to mail 30 days written notice to the below named certificate holder, but failure to mall such notice shall im- pose no obligation or liability of any kind upon the company. NAME AND ADDRESS OF CERTIFICATE HOLDER CITY OF ROUND ROCK ATTN: JAMES R. NUSE 214 E. MAIN ST. ROUND ROCK, TX 78664 DATE ISSUED: 04/28/87 'h. edit tit s AUTHORIZED REPRESENTATIVE , ♦ t THE STATE OF TEXAS COUNTY OF WILLIAMSON LICENSE AGREEMENT This Agreement is made and entered into this the day of , 1987, by and between the City of Round Rock, a Texas municipal corporation (Licensor), and Austin Homes, Incorporated, its successors and assigns (Licensee). RECITALS WHEREAS, Licensee owns and occupies certain real property in Round Rock, Williamson County, Texas, and being more particularly described as Lots 1 through 5 inclusive, Block B, Windy Park Subdivision, Section I (the Property); and WHEREAS, Licensee operates a subdivision sales office and model home complex at said location; and WHEREAS, Licensee has need for security fencing enclosing the front yards of the Property as well as a portion of the public right -of -way adjacent to the Property, as indicated on Exhibit "A" (the License Parcel), attached hereto and incorporated herein for all purposes; and WHEREAS, such fence would not adversely affect the public's use of said right -of -way, since the Property and the License Parcel are located on an otherwise undeveloped street; NOW THEREFORE, for and in consideration of Ten and no /100 Dollars ($10.00) and other good and valuable consideration, the receipt pI� jl7n fI f V n V U by h�7 �10-Fary and sufficiency of which are hereby acknowledged, Licensor and Licensee hereby agree as follows: 1. Licensor hereby grants and demises unto Licensee the right to use and maintain a security fence on the License Parcel, provided said fence shall be constructed of open wrought iron pickets of a height no greater than 48- inches, so as to not obstruct views in any way. 2. The License granted herein shall be revocable by Licensor upon the sale, lease or other transfer of one or more of the model homes, provided such sale or lease is for the purpose of ceasing use of the home as a model home and the commencement of residency, by an owner or tenant. At such time, Licensee shall give to Licensor, its successors and assigns, thirty (30) days written notice of Licensee's intent to terminate this License. Licensee agrees to remove said fence within Fifteen (15) days after such notice. 3. Licensee further agrees to indemnify Licensor against liability, loss or damage Licensor may suffer as a result of costs or judgments against Licensor arising out of the existence of the herein described fence upon the License Parcel, if said liability, loss or damage would not have occurred had the herein described fence not existed upon the License Parcel at the time of the occurrence giving rise to the liability, loss or damage. Further, Licensee agrees to keep in force the liability insurance policy evidenced hereto as Exhibit "B ", or any other replacement insurance policy of equal or superior coverage, and to name the Licensor as an additional insured on the current insurance policy or any replacement insurance policy, for the purposes described herein. 4. The license granted herein is assignable by Licensee, its successors and assigns, without the consent of Licensor, to any subsequent owner of the Property, provided said subsequent owner shall not change the use of said property, that use being as a subdivision sales office and model home complex. However, Licensee shall notify Licensor immediately of such assignment. This agreement shall be binding upon and enforceable by the parties hereto, and their respective successors and assigns. 5. This License, until its expiration or revocation, shall run with title to the Property, and the terms and conditions hereof shall be binding on any subsequent owners or holders thereof. Licensee shall cause any ATTEST: immediate successors in interest to have factual notice of this License agreement. 6. This License shall be for a period of one year from the date herein, but shall automatically renew for an additional one year unless Licensor notifies Licensee of its intent not to renew within thirty days prior to the conclusion of the one year period. Should Licensor elect not to renew this License, Licensee shall remove said fence from the License Parcel within thirty (30) days of the expiration of this License. 7. Neither the granting of this License, nor of any related permit, constitutes an abandonment by the Licensor of its property, easement or easements, or any other rights in and to the above described property. Licensee expressly stipulates and agrees by Licensee's acceptance of this License that Licensee neither asserts or claims any interest or right of any type or nature whatsoever, either legal, equitable or otherwise in and to Licensor's property. 8. The notice required of Licensor herein shall be in writing and shall be deemed to have been properly delivered as of the date such notice is hand delivered to the occupant of the Property or deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid, addressed to Austin Homes, Inc., Post Office Box 1207, Round Rock, Texas 78680. IN WITNESS WHEREOF, the parties hereto have executed this agreement on the day and year first above written. /WAIL a/r)5L nne Land, City Secretary LICENSOR: THE CITY OF ROUND ROCK, TEXAS MIKE ROBINSON, Mayor LICENSEE: AUSTIN HOMES, INCORPORATED ES L. LLINS, President THE STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me, a notary public, this day of , 1987, by Mike Robinson, Mayor of the City of Round Rock, Texas, a Texas municipal corporation, on behalf of said corporation. STATE OF TEXAS COUNTY OF WILLIAMSON Notary Public, State of Texas My Commission Expires: This instrument was acknowledged before me, a notary public, this the C,1 day of , 1987, by James L. Sullins, President of Austin Hom , Incorporated, on behalf of said corporation. N ot d- ry t lic, State of Texas My Commission Expires: �S \tRt Aye %;, UANCY K W.`nS. 3� ,1 kc`.cry Y!�bL State of lean ( j F 61y Comms;icn Expires Feb. 2. 1991 THE STATE OF TEXAS COUNTY OF WILLIAMSON LICENSE AGREEMENT This Agreement is made and entered into this the day of , 1987, by and between the City of Round Rock, a Texas municipal corporation (Licensor), and Austin Homes, Incorporated, its successors and assigns (Licensee). RECITALS WHEREAS, Licensee owns and occupies certain real property in Round Rock, Williamson County, Texas, and being more particularly described as Lots 1 through 5 inclusive, Block B, Windy Park Subdivision, Section I (the Property); and WHEREAS, Licensee operates a subdivision sales office and model home complex at said location; and WHEREAS, Licensee has need for security fencing enclosing the front yards of the Property as well as a portion of the public right -of -way adjacent to the Property, as indicated on Exhibit "A" (the License Parcel), attached hereto and incorporated herein for all purposes; and WHEREAS, such fence would not adversely affect the public's use of said right -of -way, since the Property and the License Parcel are located on an otherwise undeveloped street; NOW THEREFORE, for and in consideration of Ten and no /100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Licensor and Licensee hereby agree as follows: 1. Licensor hereby grants and demises unto Licensee the right to use and maintain a security fence on the License Parcel, provided said fence shall be constructed of open wrought iron pickets of a height no greater than 48- inches, so as to not obstruct views in any way. 2. The License granted herein shall be revocable by Licensor upon the sale, lease or other transfer of one or more of the model homes, provided such sale or lease is for the purpose of ceasing use of the home as a model home and the commencement of residency, by an owner or tenant. At such time, Licensee shall give to Licensor, its successors and assigns, thirty (30) days written notice of Licensee's intent to terminate this License. Licensee agrees to remove said fence within Fifteen (15) days after such notice. 3. Licensee further agrees to indemnify Licensor against liability, loss or damage Licensor may suffer as a result of costs or judgments against Licensor arising out of the existence of the herein described fence upon the License Parcel, if said liability, loss or damage would not have occurred had the herein described fence not existed upon the License Parcel at the time of the occurrence giving rise to the liability, loss or damage. Further, Licensee agrees to keep in force the liability insurance policy evidenced hereto as Exhibit "B ", or any other replacement insurance policy of equal or superior coverage, and to name the Licensor as an additional insured on the current insurance policy or any replacement insurance policy, for the purposes described herein. 4. The license granted herein is assignable by Licensee, its successors and assigns, without the consent of Licensor, to any subsequent owner of the Property, provided said subsequent owner shall not change the use of said property, that use being as a subdivision sales office and model home complex. However, Licensee shall notify Licensor immediately of such assignment. This agreement shall be binding upon and enforceable by the parties hereto, and their respective successors and assigns. 5. This License, until its expiration or revocation, shall run with title to the Property, and the terms and conditions hereof shall be binding on any subsequent owners or holders thereof. Licensee shall cause any agreement on the day and year first above written. ATTEST: immediate successors in interest to have factual notice of this License agreement. 6. This License shall be for a period of one year from the date herein, but shall automatically renew for an additional one year unless Licensor notifies Licensee of its intent not to renew within thirty days prior to the conclusion of the one year period. Should Licensor elect not to renew this License, Licensee shall remove said fence from the License Parcel within thirty (30) days of the expiration of this License. 7. Neither the granting of this License, nor of any related permit, constitutes an abandonment by the Licensor of its property, easement or easements, or any other rights in and to the above described property. Licensee expressly stipulates and agrees by Licensee's acceptance of this License that Licensee neither asserts or claims any interest or right of any type or nature whatsoever, either legal, equitable or otherwise in and to Licensor's property. 8. The notice required of Licensor herein shall be in writing and shall be deemed to have been properly delivered as of the date such notice is hand delivered to the occupant of the Property or deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid, addressed to Austin Homes, Inc., Post Office Box 1207, Round Rock, Texas 78680. IN WITNESS WHEREOF, the parties hereto have executed this /Yl/N 1) la/Y2CL nne Land, City Secretary LICENSOR: THE CITY OF ROUND ROCK, TEXAS MIKE ROBINSON, Mayor LICENSEE: AUSTIN HOMES, INCORPORATED L. SULLINS, President THE STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me, a notary public, this day of , 1987, by Mike Robinson, Mayor of the City of Round Rock, Texas, a Texas municipal corporation, on behalf of said corporation. STATE OF TEXAS COUNTY OF WILLIAMSON Notary Public, State of Texas My Commission Expires: This instrument was a knowledged before me, a notary public, this the 5 day of VV\ , 1987, by James L. Sullins, President of Austin HorQ s, Incorporated, on behalf of said corporation. c, State of Texas roexox, NANCY K. HARMS '} Notary Pubic. Satz or Texas VYy Commission Expires Feb. 2. 1991 ti.�lw� =r THE STATE OF TEXAS COUNTY OF WILLIAMSON LICENSE AGREEMENT This Agreement is made and entered into this the day of , 1987, by and between the City of Round Rock, a Texas municipal corporation (Licensor), and Austin Homes, Incorporated, its successors and assigns (Licensee). RECITALS WHEREAS, Licensee owns and occupies certain real property in Round Rock, Williamson County, Texas, and being more particularly described as Lots 1 through 5 inclusive, Block B, Windy Park Subdivision, Section I (the Property); and WHEREAS, Licensee operates a subdivision sales office and model home complex at said location; and WHEREAS, Licensee has need for security fencing enclosing the front yards of the Property as well as a portion of the public right -of -way adjacent to the Property, as indicated on Exhibit "A" (the License Parcel), attached hereto and incorporated herein for all purposes; and WHEREAS, such fence would not adversely affect the public's use of said right -of -way, since the Property and the License Parcel are located on an otherwise undeveloped street; NOW THEREFORE, for and in consideration of Ten and no /100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Licensor and Licensee hereby agree as follows: 1. Licensor hereby grants and demises unto Licensee the right to use and maintain a security fence on the License Parcel, provided said fence shall be constructed of open wrought iron pickets of a height no greater than 48- inches, so as to not obstruct views in any way. 2. The License granted herein shall be revocable by Licensor upon the sale, lease or other transfer of one or more of the model homes, provided such sale or lease is for the purpose of ceasing use of the home as a model home and the commencement of residency, by an owner or tenant. At such time, Licensee shall give to Licensor, its successors and assigns, thirty (30) days written notice of Licensee's intent to terminate this License. Licensee agrees to remove said fence within Fifteen (15) days after such notice. 3. Licensee further agrees to indemnify Licensor against liability, loss or damage Licensor may suffer as a result of costs or judgments against Licensor arising out of the existence of the herein described fence upon the License Parcel, if said liability, loss or damage would not have occurred had the herein described fence not existed upon the License Parcel at the time of the occurrence giving rise to the liability, loss or damage. Further, Licensee agrees to keep in force the liability insurance policy evidenced hereto as Exhibit "S ", or any other replacement insurance policy of equal or superior coverage, and to name the Licensor as an additional insured on the current insurance policy or any replacement insurance policy, for the purposes described herein. 4. The license granted herein is assignable by Licensee, its successors and assigns, without the consent of Licensor, to any subsequent owner of the Property, provided said subsequent owner shall not change the use of said property, that use being as a subdivision sales office and model home complex. However, Licensee shall notify Licensor immediately of such assignment. This agreement shall be binding upon and enforceable by the parties hereto, and their respective successors and assigns. 5. This License, until its expiration or revocation, shall run with title to the Property, and the terms and conditions hereof shall be binding on any subsequent owners or holders thereof. Licensee shall cause any immediate successors in interest to have factual notice of this License agreement. 6. This License shall be for a period of one year from the date herein, but shall automatically renew for an additional one year unless Licensor notifies Licensee of its intent not to renew within thirty days prior to the conclusion of the one year period. Should Licensor elect not to renew this License, Licensee shall remove said fence from the License Parcel within thirty (30) days of the expiration of this License. 7. Neither the granting of this License, nor of any related permit, constitutes an abandonment by the Licensor of its property, easement or easements, or any other rights in and to the above described property. Licensee expressly stipulates and agrees by Licensee's acceptance of this License that Licensee neither asserts or claims any interest or right of any type or nature whatsoever, either legal, equitable or otherwise in and to Licensor's property. 8. The notice required of Licensor herein shall be in writing and shall be deemed to have been properly delivered as of the date such notice is hand delivered to the occupant of the Property or deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid, addressed to Austin Homes, Inc., Post Office Box 1207, Round Rock, Texas 78680. IN WITNESS WHEREOF, the parties hereto have executed this agreement on the day and year first above written. ATTEST: LICENSOR: THE CITY OF ROUND ROCK, TEXAS nne Land, City Secretary MIKE ROBINSON, Mayor LICENSEE: AUSTIN HOMES, INCORPORATED 4 11ALA ..4 , JPM S L. LNS, President THE STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me, a notary public, this day of , 1987, by Mike Robinson, Mayor of the City of Round Rock, Texas, a Texas municipal corporation, on behalf of said corporation. STATE OF TEXAS COUNTY OF WILLIAMSON Notary Public, State of Texas My Commission Expires: This instrument was acknowledged before me, a notary public, this the 1 day of , 1987, by James L. Sullins, President of Austin Ho s, Incorporated, on behalf of said corporation. , State of Texas My Commission Expires: NANCY K. HARRIS •1 Notary Public, Stale of Texas e9e My Commission Expires Feb, 7, 1991 THE STATE OF TEXAS COUNTY OF WILLIAMSON LICENSE AGREEMENT This Agreement is made and entered into this the day of , 1987, by and between the City of ' Round Rock, a Texas municipal corporation (Licensor), and Austin Homes, Incorporated, its successors and assigns (Licensee). RECITALS WHEREAS, Licensee owns and occupies certain real property in Round Rock, Williamson County, Texas, and being more particularly described as Lots 1 through 5 inclusive, Block B, Windy Park Subdivision, Section I (the Property); and WHEREAS, Licensee operates a subdivision sales office and model home complex at said location; and WHEREAS, Licensee has need for security fencing enclosing the front yards of the Property as well as a portion of the public right -of -way adjacent to the Property, as indicated on Exhibit "A" (the License Parcel), attached hereto and incorporated herein for all purposes; and WHEREAS, such fence would not adversely affect the public's use of said right -of -way, since the Property and the License Parcel are located on an otherwise undeveloped street; NOW THEREFORE, for and in consideration of Ten and no /100 Dollars ($10.00) and other good and valuable consideration, the receipt ,r and sufficiency of which are hereby acknowledged, Licensor and Licensee hereby agree as follows: 1. Licensor hereby grants and demises unto Licensee the right to use and maintain a security fence on the License Parcel, provided said fence shall be constructed of open wrought iron pickets of a height no greater than 48- inches, so as to not obstruct views in any way. 2. The License granted herein shall be revocable by Licensor upon the sale, lease or other transfer of one or more of the model homes, provided such sale or lease is for the purpose of ceasing use of the home as a model home and the commencement of residency, by an owner or tenant. At such time, Licensee shall give to Licensor, its successors and assigns, thirty (30) days written notice of Licensee's intent to terminate this License. Licensee agrees to remove said fence within Fifteen (15) days after such notice. 3. Licensee further agrees to indemnify Licensor against liability, loss or damage Licensor may suffer as a result of costs or judgments against Licensor arising out of the existence of the herein described fence upon the License Parcel, if said liability, loss or damage would not have occurred had the herein described fence not existed upon the License Parcel at the time of the occurrence giving rise to the liability, loss or damage. Further, Licensee agrees to keep in force the liability insurance policy evidenced hereto as Exhibit "B ", or any other replacement insurance policy of equal or superior coverage, and to name the Licensor as an additional insured on the current insurance policy or any replacement insurance policy, for the purposes described herein. 4. The license granted herein is assignable by Licensee, its successors and assigns, without the consent of Licensor, to any subsequent owner of the Property, provided said subsequent owner shall not change the use of said property, that use being as a subdivision sales office and model home complex. However, Licensee shall notify Licensor immediately of such assignment. This agreement shall be binding upon and enforceable by the parties hereto, and their respective successors and assigns. 5. This License, until its expiration or revocation, shall run with title to the Property, and the terms and conditions hereof shall be binding on any subsequent owners or holders thereof. Licensee shall cause any 4- IN WITNESS WHEREOF, the parties hereto have executed this 6. This License shall be for a period of one year from the date herein, but shall automatically renew for an additional one year unless Licensor notifies Licensee of its intent not to renew within thirty days prior to the conclusion of the one year period. Should Licensor elect not to renew this License, Licensee shall remove said fence from the License Parcel within thirty (30) days of the expiration of this License. 7. Neither the granting of this License, nor of any related permit, constitutes an abandonment by the Licensor of its property, easement or easements, or any other rights in and to the above described property. Licensee expressly stipulates and agrees by Licensee's acceptance of this License that Licensee neither asserts or claims any interest or right of any type or nature whatsoever, either legal, equitable or otherwise in and to Licenser's property. 8. The notice required of Licensor herein shall be in writing and shall be deemed to have been properly delivered as of the date such notice is hand delivered to the occupant of the Property or deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid, addressed to Austin Homes, Inc., Post Office Box 1207, Round Rock, Texas 78680. agreement on the day and year first above written. ATTEST: immediate successors in interest to have factual notice of this License agreement. Land, City Secretary LICENSOR: THE CITY OF ROUND ROCK, TEXAS MIKE ROBINSON, Mayor LICENSEE: AUSTIN HOMES, INCORPORATED THE STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me, a notary public, this day of , 1987, by Mike Robinson, Mayor of the City of Round Rock, Texas, a Texas municipal corporation, on behalf of said corporation. STATE OF TEXAS COUNTY OF WILLIAMSON Notary Public, State of Texas My Commission Expires: This instrument s. trument was a nowledged before me, a notary public, n this the 1 day of ma , 1987, by James L. Sullins, President of Austin H9mes, Incorporated, on behalf of said corporation. Not c, State of Texas My Commission Expires: NANCY K. HARMS • 1 Notary Public, State of Texas My Commission Expires Feb. 2, 1991 THE STATE OF TEXAS COUNTY OF W ILLIAMSON: LICENSE AGREEMENT THIS AGREEMENT is made and entered into this day of 1987, by and between the City of Round Rock, a Texas municipal corporation (Licensor), and Austin Homes, Incorporated, its successors and assigns (Licensee). RECITALS WHEREAS, Licensee owns and occupies certain real property in Round Rock, Williamson County, Texas, and being more particularly described as Lots 1 through 5 inclusive, Block B, Windy Park Subdivision, Section 1 (the Property); and WHEREAS, Licensee operates a subdivision sales office and model home complex at said location; and WHEREAS, Licensee has need for security fencing enclosing the front yards of the Property as well as a portion of the public right -of -way adjacent to the Property, as indicated on Exhibit "A" (the License Parcel), attached hereto and incorporated herein for all purposes; and WHEREAS, such fence would not adversely affect the public's use of said right -of- way, since the Property and the License Parcel are located on an otherwise undeveloped street; NOW THEREFORE, for and in consideration of TEN and NO /100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Licensor and Licensee hereby agree as follows: 1. Licensor hereby grants and demises unto Licensee the right to use and maintain a security fence on the License Parcel, provided said fence shall be constructed of open wrought iron pickets of a height no greater than 48- inches, so as to not obstruct views in any way. Page I of 4 Pages RakAALTAc_ Q o / ,o. P ›c 2. The License granted herein shall be revocable by Licensor upon the sale, lease or other transfer of one or more of the model homes, provided such sale or lease is for the purpose of ceasing use of the home as a model home and the commencement of residency, by an owner or tenant. At such time, Licensor shall give to Licensee, its successors or assigns, sixty (60) days written notice of Licensor's intent to revoke this License. Licensee agrees to remove said fence within sixty (60) days after receipt of such written notice from Licensor. 3. Licensee further agrees to indemnify Licence against liability, loss or damage Licensor may suffer as a result of costs or judgments against Licensor arising out of the existence of the herein described fence upon the License Parcel, if said liability, loss or damage would not have occurred had the herein described fence not existed upon the License Parcel at the time of the occurance giving rise to the liability, loss or damage. Further, Licensee agrees to keep in force the liability insurance policy evidenced hereto as Exhibit "B;' or any other replacement insurance policy of equal or superior coverage, and to name the Licensor as an additional insured on the current insurance policy or any replacement insurance policy, for the purposes described herein. 4. The License granted herein is assignable by Licensee, its successors and assigns, without the consent of Licensor, to any subsequent owner of the Property, provided said subsequent owner shall not change the use of said Property, that use being as a subdivision sales office and model home complex. This agreement shall be binding upon and enforceable by the parties hereto, and their respective successors and assigns. 5. This License, until its expiration or revocation, shall run with title to the Property, and the terms and conditions hereof shall be binding on any subsequent owners or holders thereof. Licensee shall cause any immediate successors in interest to have factual notice of this License agreement. 6. This License shall be for a period of one year from the date herein, but shall automatically renew for an additional one year unless Licensor notifies Licensee of its intent not to renew within thirty days prior to the conclusion of the one year period. Should Licensor elect not to renew this License, Licensee shall remove said fence from the License Parcel within 30 -days of the expiration of this License. Page 2 of 4 Pages 7. Neither the granting of this License, nor of any related permit, constitutes an abandonment by the Licensor of its property, easement or easements, or any other rights in and to the above described property. Licensee expressly stipulates and agrees by Licensee's acceptance of this License that Licensee neither asserts or claims any interest or right of any type or nature whatsoever, either legal, equitable or otherwise in and to Licens property. 8. The notice required of Licenser herein shall be in writing and shall be deemed to have been properly delivered as of the date such notice is hand delivered to the occupant of the Property or deposited in the United States Mail, certified or registered mall, return receipt requested, postage prepaid, addressed to Austin Homes, Inc., Post Office Box 1207, Round Rock, Texas 78680. IN WITNESS WHEREOF, the parties hereto have executed this agreement on the day and year first above written. LICENSOR: ATTEST: The City of Round Rock, Texas JOANNE LAND, City Secretary Page 3 of 4 Pages MIKE ROBINSON, Mayor LICENSEE: Austin Homes, Incorporated STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me, a notary public, this day of , 1987, by Mike Robinson, Mayor of the City of Round Rock, Texas, a Texas municipal corporation, on behalf of said corporation. STATE OF TEXAS COUNTY OF WILLIAMSON Notary Public, State of Texas (Printed Name) Commission Expires This instrument was nowledged before me, a notary public, this I) day of 1987, by James L. Sullins, President of Austin Homes, Incorporated, on behalf of said corporation. Page 4 of 4 Pages • Notary Fubhc, State of Texas J j My Commission Expires Feb 2, 19 "! LOT to EXHIBIT A MOP. 4' WAL t lo PLIE LOT t 7 F e c - E - [b se 3' F I Z M e & - of WW1 Lo? 4 I5O f' <'S�E5.4• B.L. locsial" irrimmes iss.. attl: ■16.■■ Alk 600 605• Len 1 14I1NPY 1 PRIVE , LOGw cuRB RED. 4 WALK 1-01- 2 I5'2 ' LOTI sacesse nePEVLI,' N I 1?-cri') JEC 0\ E s x" r wlovoet tiff* fit'HCE 10 1?7E PIENAMEP L Y11\19 VILLAGE GALE: 1 =20' I HOMES i,r F.:,N e In 1!i ?FILL cF TL. -.: ;NY iC1 AWL:" When used in this policy (including endorsements forming a part hereof(: " automobile" means a land motor vehicle, trailer or semitrailer designed for (ravel on public roads (including any machinery or apparatus attached thereto). but does not include mobile equipment; "Middy injury" means bodily injury, sickness or disease sustained by any person which occurs during the policy period, including death at any time resulting therefrom "collapse hazard" includes "structural property damage" as defined herein and property damage to any other properly at any lime resulting therefrom. "Structural property damage" means the collapse of or structural injury lo any building or structure due to (1) grading of land, excavating, borrowing, filling, back- filling, tunnelling, pile driving, cofferdam work or caisson work or 121 moving, shoring, underpinning. raising or demolition of any building or structure or removal or rebuilding oI any structural support thereon. The collapse hazard does not include property damage (11 arising out of operations performed for the Named Insured by independent contractors, or 121 included within the completed operations hazard or the underground property damage hazard, or (31 for which liability is assumed by the Insured under an incidental contract; "completed dperaliens hazard" includes bodily injury and property damage arising out of operations or reliance upon a representation or warranty made at any tone with respect thereto, but only if the bodily injury or property damage occurs alter such operations have been completed or abandoned and occurs away Irom premises owned by or rented to the Named Insured. "Operations" include materials, parts or equipment furnished in connection therewith. Operations shall be deemed cow plated at the earliest of the following times: 111 when all operations to be performed by or on behold of the Named Insured under the contract have been completed. INA OF TEXAS, DALLAS, TEXAS A Stock Insurance Company, herein called the Company In consideration of the payment of the premium, in reliance upon the statements in the declarations made a part hereof and subject to all N the terms of this policy, agrees with the Named Insured as follows: COVERAGE Coverage is afforded under this policy in accordance with the specific Coverage Parts Identified in the Oeclarat ons as being a part of this policy. SUPPLEMENTARY PAYMENTS Tne Company will pay, in addition to the applicable limit of babdiry: (a) all expenses Incurred by the Company, all costs lased against the Insured m any suit delended by the Company and all interest on the entire amount of any judgment therein which accrues after entry of the judgment and belore the Company has paid or tendered or deposited in court that part of the judgment (c) which does not exceed the lime of the Company's liability thereon, (b) premiums on appeal bonds required in any such suit. premiums on bonds to Id) release attachments in any such suit for an a'nount not in excess of the applicable limit of liabitdy of this policy, and the cost of bail bonds required DEFINITIONS IGOOa )TEXAS) Ptd. in U.S.A. page 1 GENERAL LIABILITY POLICY STANDARD PROVISIONS of the Insured because of accident or traffic law violation arising out (lithe use of any vehicle to which This policy applies. not to exceed 1250 per bail bond, but the Company shall have no obligation to apply for or furnish any such bonds: expenses incurred by the Insured for first aid to others el the time of an accident, for bodily injury to which this policy applies: reasonable expenses incurred by the Insured at the Company's request In assisting the Company in the investigation or defense of any claim or auk including actual loss of earnings 1101 to exceed $25 per day. 121 when all operations to be performed by or an behalf of the Named Insured at the site of the operations have been completed, or (3) when the portion of the work out of which the injury or damage arises has been put 10 its intended use by any person or organization other than another contractor or subconlractur engaged m performing operations for a principal as a part of the same project. Operations which may require further service or maintenance work, or comet. lion, repair or replacement because of any defect or deficiency, but which are olheewrse complete, shall be deemed completed. The completed operations hazard does not include bodily injury or properly damage arising out of la) operations in connection with the transportation of property, unless the bodily injury or properly damage arises out of a condition in or on a vehicle created by the loading or unloading thereof, lb) the existence of tools, uninstalled equipment or abandoned or unused mat. rials, or (U operations for which the classification stated in the policy or fn the Company's manual specifies "including completed operations"; "el " means any hoisting or lowering device to connect floors or landings, whether or not in service. and all appliances (hereof including any car, platform, shalt, hoistway, stairway, runway, power equipment and machinery; but does not include an automobile servicing hoist. or a hoist without a platform outside a budding it without mechanical power or fl not attached to building walls, or a hod or material hoist used in altealion, construction or demolition operations, or an inclined conveyor used exclusively for carrying property or a dumbwaiter used exclusively for carrying property and have a compartment height not exceeding lour reel; � )(Nt6lr B "explosion Ward" includes property damage arising out of blasting or explosion_ The explosion hazard does not include property damage (1) arising out of the ex- plosion of air or steam vessels, piping under pressure, prime movers, machinery or power transmitting equipment, or 121 arising out of operations performed for the Named Insured by independent contractors. or 13) included within the com- pleted operations hazard or the underground properly damage hazard, or (4) for which liability.i5 assumed by the Insured under an incidental contract; "incidental contract" means any written (1) lease of premises. 12) easement agreement. except in connection with construction or demolition operations on or adjacent 10 a railroad, 131 undertaking to indemnify a municipality required by municipal ordinance, except in connection wilh work for the municipality, (4) side- track agreement. or (51 elevator maintenance agreement; "Insured" means any person or organization qualifying as an Insured in the "Per- sons Insured" provision of the applicable insurance coverage. The insurance afforded applies separately to each Insured against whom claim is made or suit is brought, except with respect to the limits of the Company's liability; "mobile equipment" means a land vehicle (including any machinery or apparatus attached thereto). whether or not self•propelled, 11) not subject to motor vehicle registration. or (2) maintained for use exclusively on premises owned by or rented to the Named Insured, including the ways immediately adjoining, or 131 designed for use principally off public roads, or 141 designed or maintained lor the sole purpose of affording mobility to equipment of the following types forming an integral part of or permanently attached to such vehicle: power cranes. shovels. loaders, diggers and drills; concrete mixers (other than the mix-in-transit type), graders, scrapers, rollers and other road construction or repair equipment; air - compressors, pumps and generators, including spraying, welding and budding cleaning equipment; and geophysical exploration and well servicing equipment: "Named Insured" means the person or organization named in the declarations of this policy; "Named Insured's products" means goods or products manufactured, sold, handled or distributed by the Named Insured or by others (railing under his name, including any container thereof (other than a vehicle), but "Named Insured's products" shall not include a vending machine or any property other than such container, rented to or located lor use of others out not sold; DEFINITIONS CONTINUED Page 2 "occurrence" means an accident, including continuous or repeated exposure to conditions, which results in bodily injury or property damage neither expected nor intended from the standpoint of the Insured; "policy territory" means: I1) the United Slates of America, its territories or possessions. or Canada, or 12) international waters or air space, provided the bodily injury or property dam- age does not occur in the course of (ravel or transportation to or from any other country, slate or nation, or 13) anywhere in the world with respect to damages because of bodily injury or properly damage arising out of a product which was sold for use or consump- tion within the territory described in paragraph (II above, provided the original suit for such damages is brought within such territory; "products hazard" includes bodily injury and property damage arising out of the Named Insured's products or reliance upon a representation or warranty made at any lime with respect thereto, but only it the bodily injury or properly damage occurs away from premises owned by or rented to the Named Insured and after physical possession of such products has been relinquished to Others; "property damage" means ((1 physical injury to or destruction of tangible property which occurs during the policy period, including the joss of use thereof at any time resulting therelrom. or 12) loss of use of tangible property which has not been physically injured or destroyed provided such loss of use is caused by an occur• rance during the policy period; "underground property damage hazard" includes underground properly damage as defined herein and properly damage to any other property at any lime resulting therefrom. "Underground property damage" means property damage to wires. conduits, pipes, mains, sewers, tanks, tunnels, any similar property, and any apparatus m connection therewith, beneath the surface of the ground or water. caused by and occurring during the use of mechanical equipment for the purpose of grading land, paving. excavating, drilling, borrowing, tilling, back -filling or pile driving. The underground property damage hazard does not include property dam. age (II arising out of operations performed for the Named Insured by independent contractors. or (2) included within the completed operations hazard, or 131 for which liability is assumed by the Insured under an incidental contract. POLICY IS: I Ek' NAMEL iASUREE 1S: CL .a P::r :tT AL, EL:CUFATICN: G2N0 AL CLNI,- _LCTC — ivLNRESI0ENT 1AL CCNSTei1LCTI0N • POLICY PEF;ICi:: FRO C1,'L1 /:7 IC 01/01/3c 12:01 A.v STANDARD TIME AF Th. HJ;F:F_ S L - THE NA■i_L INSU.tEU AS STATED HEREIN P F L et 1 !Jr F A Y e = h T C 0 N C 1 1 I L N S AUCIT PERICE: ANA AL ADVANCE PREMIUM #47,322 LESS TX MENU: •' , I. :L $8,14C AJVANLL PREN,IUM (TC1A.I $57,1EE P,:Ei4IUMS AESULTING E4 AL:� I7 A,, ilv AO,;171EA A17,;171[ eiLe.ETE. C C V E R A G L. ', A N L L I M I T S ,,. . L I A B I L I T Y THE INSURANCE AFFCRLEC I., CPLY r,1TH riESFECT 7C SUCH L + 7HE FULLCW1NG PARTS AND COVERAGES THEREIN AS Ad:E IN.,,LATED B:LLW. TI-E LICIT OF THE COMPANY'S LIABILITY AGAINST EACH SUCH CLVE - ,A , ,: . zI,AII nE AS STATE) HEREIN, SUBJECT TC ALL OF THE TEit'S LE THE POLICY FLAVIN, FttENCt THEALTL.. CUVFF.AGE PARIS LIMITS LF LIABILITY BODILY INJLPY AND PRCPEFiUY DAMAGE COMBINED COPEREHci\SIVE GENLkAL EACH LIABILITY INSURANLL CCCURRENCE AGGREGATE i1,CCC,COC $1,000,000 S C R F L L L E C F L O C A I I O N S LOCATULN NUe"BE3 ANC ACJR-S S Thu is to candy that Ih6 is s true and cored -- _ - -- copy of the orioinalll/,/ /r /^/ A ,, — Si9C ttLNTINcLD ON NIXT PAUL) PAGE 1 1 ni7ri .; - '1 :TI Pr; — Lia0II .T`,' F I('Y NAMED INSURED AJSTLn FOt!'Z., 17C :.i -PITCL OF 7LNA. HWY 2'C1 AUSTIN TX 7074 COPIES OF THIS (DOCUMENT HAVE BEEN SENT TO: It,'SL E 8268 LATE POLICY IDENTIFICATION JLPI =1: 71 3 u5 7 PROOULE BILL 870206 HU 1 ilFlLARATif'DIS, - , 14. I IAITIX PUIICY MAAADENALIma AUSTIN HOMES, INC. 1705 CAPITOL OF TEXAS HWY 201 AUSTIN TX 78746 UAIFNT HAVE BEEN SEb1T TO: 1N5URE 8268 LATE PROOUGER 81L4I 8702 S C H E D G L E Li L O C A T I O N S C 0 N T'D 1 1705 CAPITOL Li- TEXAS HWY 201; AUSTIN, TX 7874E S C H E D L L E O F C O V E R A G E S THE CLASSIFICATION AND RATING LSED IN THI5 POLICY ARE DEVELOPED BELCI, AS FOLLORS: FIRST LINE __--- CLASS CODE CLASSIFICATION DESCRIPTION SECOND AND SUBSLLJ NT LINES LOCATION COVERAGE PREMIUM BASIS CODE EXPOSURE RATE PREMIUM WHEN USED AS A PREMIUM BASIS TFE FOLLOWING CODE DEFINITIONS APPLY: C —TOTAL COST — PER $100 OF TOTAL COST P— PAYROLL — PER 4100 OF PAYROLL R— RECEIPTS — PER $1000 OF RECEIPTS U —UNITS — PER UNIT COMPREHENSIVE GENERAL LIABILITY INSURANCE THE FOLLOWING DISCLOSES ALL HAZARDS INSURED HEREUNDER KNOYN TO EXIST AT THE EFFECTIVE DATE OF THIS POLICY, UNLESS OTHERWISE STATED HEREIN PREMISES — OPERATICNS HAZARD 1 -65310 1SODEL HOMES 1 BI U 8 110.6700 885 PD U 8 8.7910 70 7 -15192 CLNTRACTORS — CCNSIRUCTICN CR ERECTION — EXECUTIVE SUPERVISORS EXERCISING SUPERVISION THROUGH SUPERINTENDENTS AND FOREMAN — NOT DIRECT SLP>RVI SIGN 1 81 P 200000 2.0400 4080 PO P 200000 .7970 1594 LJ — •>s :o LCC1TINUEu CN Ni:XT PAu, 1 i %AGO L 1 ilFlLARATif'DIS, - , 14. I IAITIX PUIICY MAAADENALIma AUSTIN HOMES, INC. 1705 CAPITOL OF TEXAS HWY 201 AUSTIN TX 78746 UAIFNT HAVE BEEN SEb1T TO: 1N5URE 8268 LATE PROOUGER 81L4I 8702 INA NAMED INSURED 1 ENLLriSLMENT NOMBE , 4 GI P PO P SC� MEN'f HAVE BEEN SENT Tp 1N ;UnE INA CF TL)AS — 1 1A; IL11Y PCLLCY AUSTIN HOMES, INC. 1705 CAPIT6L CF TEXAS HWY 201 AUSTIN IX 78746 S C H E D U L E L t C C V E R A G L S C G N T'G 7- 15191 CLLANL S — REMOVAL OF DEBRIS IN CCNNECTIUN WITH CCNSTRUCTILN CR ERECTION 75000 75000 ESCALATL S HAZARD (NUMBER AT PREMISES/ N'i.NE ANLWN AT INCLPT1L — CCVEREC, IF ANY EXPCSUAE, AT COMPANY'S MANUALS CF RUES AND HATES 1NUCPGNUENT CONTRACTORS HAZARC 3- 1:1291 CLNSTRUCTION CPEkATIONS — CCNTRACTOR !NCI RAIL — RCAGS) — EXCLUDING OPERATIONS ON BOARD SHINS JI L 825C000 .0570 4703 PJ 8250600 .0290 239i - UOUCsS — CCMPLETEU CF0iATI0N5 hAZARC R 15C000i;0 R 15000000 A D 11 1 L N A L C L V t. ENi0 St:MLNT DESCPIPTIQN ANC a2 C1AL CLNJITIGNS IC, 08 NLXT PHUT) .4210 S POLICY tDENT,FICATION :LPN bG 71 52 65 A PR0uUCER BILLF 1.7110 1283 .9300 698 5 - 151 C CONTRACTING — OU1LDING CCNST8LCTION (NOT rEFAE<ICATEG) — ONL L;t TWO FAMILY DWELLINS TUTAL A VANC. PREM1UP GENCkAL LIA:.ILITY 1 .S.0, -, Ad\CL) 3C,406 PAGE 6405 14295 8.613 LATE 870206 ; 0,‘A Arc3T/INS — [:FNL 41 I IALII ITV ill I Ii Y NAMED INSURED AUSTIN HUMES, ANL. 170: CAPITOL OF TEXAS riirY 2C1 AUSTIN TX 78746 A .: i; 1 1 I L iv A L C L V L A u Lu4F LEDULIiELL LIABILITY 1hSUdANCE NCIE: SCE LivOL. FOR ANy LIMITATION if ELCUCTILLE. TN -c IrrLL1:1t,Z LELUC11iLE AMOUNTS APPLY: ,DVL. +ACC AMOUNT ANC BASIS t?.t LEBUC[ftLL Li:-7 i'n3 P[,us',:I;TY ;AIhAC1 82,9GC PLR Claim Lu4r47 31;GA FL441 LOmPFLhENSIVE L CNDCRSEMEt:1 8109922 UNJLk 1HIS ENUL :i LtfiLhl 1I-L Pt;CM1UM CALLULATILN IS AS FOLLCMS: JC.G4 Lt TOTAL CENTRAL LIABILITY c—B1 LY INJURY Atc.: LAMAk.L FPCMIUM AS CTiEM:ISz CLTE..NINLE Pk =MIUM L1S1LUt1 LNELiSEMCNT — TEXAS AMC FiiLLL4i1Nt: CLi\CiTILtS PERTAIN TO P L ,i_+ C.1`.CLUNT: A. TABLE L 1i-XAS Ps DISCOUNT PLRELA1Ai,LS PicLi IUM JISCL;L. +T PLRO2NTA.;E TOTAL STAhL:Aii. AFPLICA6LE T._ TEXAS CLNEttAL rt;LMIUM LIABILITY STANOAt.L PREMIUM ` 47, 28 17.24 E. S'.hL.LLL r POLICIES ANL PREMIUM PLLICY ESTIMATED STAit:A;;L Pt..2MILi LP —[3U 1132651 u47,32D L. API'LICa35LC PRcP1t4M DISCOUNT PLRCJNTACE iiAScil UN TOTAL EST1inATLU ALVANCt STANDARD PFLMIUM: 17.24 TOTAL ADVANCE PREMIUM (AJDIIILNAL COVERAGE) a1O,922 P H L I U E S U M M I Y I N r Ci R M A T I O N COMPREHENSIVE GEtuCKAL LIABILITY INSURANCE ADDITIONAL CCVEHAGES TOTAL ACVANCE PREMIUM (CONTINUED EN NLXT PACLI CO TH15 NAVE BEEP? SENTTO• 1 I PIES NSU 9tC a4 SLATE POLICy IDENTIFICATION GLPII "0 11 32 65 71 PRODUCER 8I1LE O u N T'i; 36,4U6 $10,922 447,328 IN NAMED INSURED COPIES OF THIS INSURE OCI1MFNi HAVE BEEN SEAT TO: INA fE T xi 1 i _..:7 I N - ra h t, ; i,;F :TY P,LCY AUSTIN HOMES, INC. 1705 CAPITLL OF TEXAS HhY 2 I AUSTIN IX 7674( S26$ LA POLICY IDENTIFICATION GLPI I Gj 71 2 65 7I PRUi:U&:Eh Siu.t 6 ,: P S A N D E A D U R f t_ N T S FUKP S ARC LA . 4.ir1J ATTA:. - L IC PCLICY AT INCEPT ITN: 1.0-i GENERAL LIAE. ST E. PRCV. JACKET LO-L.;1:72 CLPPREHENSIVE GLALRAL LIABILITY INS. GL -0i1I CAACGLLA - 11EN & NENALNEhAL PRUVISICNS -TX GL -1.1U3 AF':cNDATWRi ENED.:SLM.ih7- NOTICE (1LXAS) SIAGL LIYI2 ,t. LIP(- SINGLE AGGREGATE LO- CEELLTIDLE LIABILITY INSURANCE Liz -4F47A i3RUAD FCRM CUMPRET,ENSIVE G L LNCUi:SEMENT LO-4F48A likCAD FLR10 COMPREHENSIVE G L ENDLRSEMENT LU-4Fi3 PREMIUM DISCOUNT ENDCRSEMENT - TEXAS 1L -CS28 PCLLUTLUN EXCLUSIEN EADLRSEMENI THIS .L AND t.OVEAi,E PARTIS), iITh PCLICY STAICARJ PROVISILN: AND ENDORSEMENTS, IF ANY, ISSUEC TL FORM A PART THEREOF, COMPLETES THE ABCVE NUMBERED POLICY. JURIAG THE PAST TWEE YEARS N, INSURER HAS CANCELLED INSURANCE, ISSULE TL [H NAMEC INSUREC, SIMILAR TO THAT AfFURUEU HEREUNDER, UNLESS ;OTHERWISE STATED hE k E IN. UGUNTERSIGNEC AT: 3.4 /,n AUTHLIRIZED AGENT: 2 DATE: L0-`496 (LAST PAGE) PAGE ti This endorsement forms a part of the policy to which attached, effective on the inception date of the policy unless otherwise stated herein. (The following information is required only when this endorsement is issued subsequent to preparation of policy.) Endorsement effective Policy No. Endorsement No. Named Insured As respects bodily injury liability coverage and property damage liability coverage, unless the company is prejudiced by the insured's failure to comply with the requirement, any provision of this policy requiring the Insured to give notice of action, occurrence or loss, or requiring the insured to forward demands, notices, summons or other legal process, shall not bar liability under this policy. GL 01 03 05 73 GENERAL LIABILITY AMENDATORY ENDORSEMENT — NOTICE (Texas) GL 01 03 (Ed. 05 73) Countersigned by (Authorized Representative) This endorsement modifies such insurance as is afforded by the policy relating to the following: COMPLETED OPERATIONS AND PRODUCTS LIABILITY INSURANCE COMPREHENSIVE GENERAL LIABILITY INSURANCE CONTRACTUAL LIABILITY INSURANCE DRUGGISTS LIABILITY INSURANCE FARM LIABILITY INSURANCE MANUFACTURERS AND CONTRACTORS LIABILITY INSURANCE OWNERS AND CONTRACTORS PROTECTIVE LIABILITY INSURANCE OWNERS, LANDLORDS AND TENANTS LIABILITY INSURANCE POLLUTION LIABILITY INSURANCE STOREKEEPERS LIABILITY INSURANCE GL 02 11 04 86 GL0211 (Ed 04 86) This endorsement forms a part of the policy to which attached, effective on the inception date of the policy unless otherwise stated 'herein. (The following information is required only when this endorsement is issued subsequent to preparation of policy.) Endorsement effective Policy No. Endorsement No Named Insured Countersigned by (Authorized representative) CANCELLATION AND NONRENEWAL PROVISIONS (Texas) 1. It is agreed that the first paragraph of the "Cancellation" Condition is replaced by the following: This policy may be cancelled by the insured named in item 1 of the declarations by surrender thereof to the company or any of its authorized agents or by mailing to the company written notice stating when thereafter the cancellation shall be effective. This policy may be cancelled by the company by mailing to the insured named in item 1 of the declarations at the address shown in this policy, written notice stating when not less than forty -five days thereafter such cancellation shall be effective, except: a. Upon failure of the named insured to discharge his obligation in the payment of premium for the policy or any installment thereof, whether payable directly to the company or its agents or indirectly under any premium finance plan or extension of credit, the company may cancel the policy by mailing written notice to the named insured at least ten days prior to the effective date of cancellation; b. Upon a substantial change in operations resulting in an increase in exposure within the control of the insured which would produce an increase in rate, the company may cancel the policy by mailing written notice to the named insured at least ten days prior to the effective date of cancellation; c. Upon a determination by the State Board of Insurance that the continuation of the policy would violate or place the company in violation of the Insurance Code, the company may cancel the policy by mailing written notice to the named insured at least ten days prior to the effective date of cancellation; d. Where a company has been placed in supervision, conservatorship, or receivership, the company may cancel a policy by mailing written notice to the named insured at least ten days prior to the effective date of cancellation upon approval or at the direction of the supervisor, conservator or receiver; or e. On a new policy, not a renewal in the same company, a company may cancel within sixty days of the initial effective date of the policy by mailing written notice to the named insured at least ten days prior to the effective date of cancellation. The company may comply with this provision by requiring or permitting its agent to notify the policyholder. However, the responsibility of giving notice to the named insured remains with the company if the agent fails to carry out its instructions to notify the named insured. The mailing of notice as aforesaid shall be sufficient proof of notice. The time of surrender or the effective date and hour of cancellation stated in the notice shall become the end of the policy period. Delivery cif such written notice either by the named insured or by the company shall be equivalent to mailing. Copyright, Insurance Services Office, Inc. . 1986 Page 1 of 2 2. The following Condition is added: NONRENEWAL If the company elects not to renew this policy, it shall mail to the insured named in item 1 of the declarations, at the address shown in this policy, written notice of such nonrenewal not less than forty -five days prior to the expiration date, except where a company has been placed in supervision, conservatorship, or receivership, the company may decline renewal of a policy by mailing written notice to the named insured at least ten days prior to the expiration date upon approval or at the direction of the supervisor, conservator or receiver. The company may comply with this provision by requiring or permitting its agent to notify the policyholder. However, the responsibility of giving notice to the named insured remains with the company if the agent fails to carry out its instructions to notify the named insured. The mailing of notice as aforesaid shall be sufficient proof of notice. The time of surrender or the effective date and hour of nonrenewal stated in the notice shall become the end of the policy period. Delivery of such written notice by the company shall be equivalent to mailing. GL 02 1104 86 Copyright, Insurance Services Office, Inc., 1986 Page 2 of 2 IL 09 28 (Ed. 6-85) This endorsement forms a part of the policy to which attached, effective on the inception date of the policy unless otherwise stated herein. (The following information is required only when this endorsement is issued subsequent to preparation of poky.) Endorsement effective Policy No. Endorsement No. Countersigned by Named Insures POLLUTION EXCLUSION IL 09 28 06 85 Copyright, Insurance Services Office, Inc., 1985 (Authorized Representative) This endorsement modifies such insurance as is afforded by the provisions of the policy relating to the following: BUSINESSOWNERS POLICY COMPREHENSIVE GENERAL LIABILITY INSURANCE CONTRACTUAL LIABILITY INSURANCE MANUFACTURERS AND CONTRACTORS LIABILITY INSURANCE OWNERS AND CONTRACTORS PROTECTIVE LIABILITY INSURANCE OWNERS, LANDLORDS AND TENANTS LIABILITY INSURANCE SMP LIABILITY INSURANCE STOREKEEPERS INSURANCE It is agreed that the exclusion relating to the discharge, dispersal, release or escape of smoke, vapors. soot, fumes, acids, alkalis, toxic chemicals, liquids or gases, waste materials or other irritants, contaminants or pollu- tants is replaced by the following: (1) to bodily Injury or property damage arising out of the actual, alleged or threatened discharge, dispersal, release or escape of pollutants: (a) at or from premises owned, rented or occupied by the named insured; (b) at or from any site or location used by or for the named insured or others for the handling, storage, disposal, processing or treatment of waste; (c) which are at any time transported, handled, stored, treated, disposed of, or processed as waste by or for the named Insured or any person or organization for whom the named insured may be legally responsible; or (d) at or from any site or location on which the named insured or any contractors or subcontractors working directly or indirectly on behalf of the named insured are performing operations: (i) if the pollutants are brought on or to the site or location in connection with such operations; or (ii) if the operations are to test for, monitor, clean up, remove, contain, treat, detoxify or neutralize the pollutants. (2) to any loss, cost or expense arising out of any governmental direction or request that the named insured test for, monitor, clean up, remove, contain, treat, detoxify or neutralize pollutants. Pollutants means any solid, liquid, gaseous or thermal irritant or contaminant, including smoke, vapor, soot, fumes, acids, alkalis, chemicals and waste. Waste includes materials to be recycled, reconditioned or reclaimed. INA AMENDMENT — LIMITS LIABILITY (Single Limit) (Policy Aggregate Limit) Named Insured Effective Policy Number Issued By (Name of Insurance Company/ The above is required la be completed only when this endorsement is issued subsequent to the preparation of the policy. This endorsement modifies such insurance as is afforded by the provisions of the policy relating to the following: COMPREHENSIVE GENERAL LIABILITY INSURANCE COMPLETED OPERATIONS AND PRODUCTS LIABILITY INSURANCE CONTRACTUAL LIABILITY INSURANCE MANUFACTURERS' AND CONTRACTORS' LIABILITY INSURANCE OWNERS', LANDLORDS' AND TENANTS' LIABILITY INSURANCE OWNERS' AND CONTRACTORS' PROTECTIVE LIABILITY INSURANCE It is agreed that the provisions of the policy captioned "LIMITS OF LIABILITY" relating to Bodily Injury Liability and Property Damage Liability are amended to read as follows: LIMITS OF LIABILITY Regardless of the number of 111 Insureds under this policy, (21 persons or organizations who sustain bodily injury or property damage, or 13) claims made or suits brought on account of bodily injury or property damage, the Company's liability is limited as follows: Bodily Injury Liability and Property Damage Liability: (al The Limit of liability stated in the declarations of this policy as applicable to "each occurrence" is the total limit of the Company's liability for all damages including damages for care and loss of services because of bodily injury and property damage sustained by one or more persons or organizations as a result of any one occurrence, pro- vided that with respect to any occurrence for which notice of this policy is given in lieu of security, or when this policy is certified as proof of financial responsibility under the provisions of the Motor Vehicle Financial Respon- sibility Law of any state or province, such limit of liability shall be applied to provide the separate limits required by such law for Bodily Injury Liability and Property Damage Liability to the extent of the coverage required by such law, but the separate application of such limit shall not increase the total limit of the Company's liability. Ib1 If an aggregate amount is stated in the declarations, then, subject to the above provision respecting "each oc- currence" the total liability of the Company for all damages because of all bodily injury and property damage which occurs during each annual period while this policy is in force commencing from its effective date, shall not exceed the limit of liability stated in the declarations of this policy "aggregate ". Id For the purpose of determining the limit of the Company's liability, all bodily injury and property damage arising out of continuous or repeated exposure to substantially the same general conditions shall be considered as arising out of one occurrence. Authorized Agent D -4r15a Pid. in U.S.A. IGt 9916 Ed. 03 811 INA Named Insured DEDUCTIBLE LIABILITY INSURANCE Ellecnve Polley Number Issued By (Name of Insurance Company) It Is agreed that the above is required to be completed only when this endorsement is issued subsequent to 150 Orel Authorised Agent iu. of t polic This endorsement modifies such Insurance as is afforded by the provisions of the policy relating to the lollowmg- COMPREHENSIVE GENERAL LIABILITY INSURANCE COMPLETED OPERATIONS AND PRODUCTS LIABILITY INSURANCE MANUFACTURERS AND CONTRACTORS LIABILITY INSURANCE OWNERS LANDLORDS AND TENANTS LIABILITY INSURANCE OWNERS AND CONTRACTORS PROTECTIVE LIABILITY INSURANCE 1 The company's obligation under the Bodily Injury Liability and Property Damage Liability Coverages to pay damages on behalf of the insured, applies only to the amount of damages in excess of any deductible amounts stated in the policy declarations as applicable to such coverages, and the limit of liability shown in the policy declarations as being applicable to each occurrence" for such coverages shall be reduced by the amount of such deductible. The limit of liability shown in the policy declarations as "aggregate," if any, for such coverages shall not be reduced by the application of such deductible amount. 2. The deductible amounts stated in the policy declarations apply as follows. le) PER CLAIM BASIS — if the deductible is on a per claim" basis, the deductible amount applies under the Bodily Injury Liability or Proper- ty Damage Liability Coverage, respectively, to all damages because of bodily injury sustained by one person, or to all propel ty damage sustained by one person or organization, as the result of any one occurrence. dal PER OCCURRENCE BASIS — it the deductible is on a "per occurrence" basis, the deductible amount applies under the Bodily 1111016 Liability or Property Damage Liability Coverage, respectively, to all damages because o1 all bodily injury or property damage as the result of any one occurrence, regardless of the number of persons or organizations who sustain damages because of that occurrence. 3. The terms of the policy, including those with respect to lel the company's tights and duties with respect to the defense of suits and (bl the rm sured's duties in the event of an occurrence apply irrespective of the application of the deductible amount 4. The company may pay any part or all of the deductible amount to effect settlement of any claim or suit and, upon notification of the action taken, the named insured shall promptly reimburse the company for such part of the deductible amount as has been paid by the company APPLICATION OF ENDORSEMENT (Enter here any limitations on the application of this endorsement. If no limitation is entered, the deductibles apply to all loss however caused):- L D -4 F35bI G L 03 00 Ed. 07/811 • BROAD FORM COMPREHENSIVE GENERAL LIABILITY ENDORSEMENT Named Insured Elfeclive Policy Number Issued By (Name of Insurance Company/ The above is required to be completed only when this endarsement is issued subsequent to the preparation of the policy. This endorsement modifies such insurance as is afforded by the provisions of the policy relating to the following: COMPREHENSIVE GENERAL LIABILITY INSURANCE This endorsement forms a part of the policy to which attached, effective on the inception date of the policy unless otherwise stated herein. SCHEDULE Personal Injury and Advertising Injury Liability Aggregate Limit shall be the per occurrence bodily injury liability limit unless otherwise indicated herein. Limit of Liability $ Aggregate Limit of Liability — Premises Medical Payments Coverage: $1,000 each Person unless otherwise indicated herein. $ each person Limit of Liability — Fire Legal Liability Coverage: 550,000 per occurrence unless otherwise indicated herein: $ per occurrence CONTRACTUAL LIABILITY COVERAGE (31 if the indemnitee of the Insured is an architect, engineer IA) The definition of incidental contract is extended to include or surveyor, to the liability of the indemnitee, his agents any oral or written contract or agreement relating to the con- or employees, arising out of duct of the Named Insured's business. laj the preparation cr approval or the failure to prepare or 181 The insurance afforded with respect to liability assumed approve maps, drawings, opinions, reports, surveys, under an incidental contract is subject to the following change orders, designs or specifications, or additional exclusions (b) the giving of or the failure to give directions or instruc- 11) to bodily inluiy or property damage for which the Insured tions by the indemnitee, his agents or employees, provided such giving or failure to give is the primary assumed liability under any incidental contract, d such injury or damage occurred prior to the execution of the cause of the bodily injury or property damage. incidental contract; (4) to any obligation for which the Insured may he held liable 121 if the Insured is an architect, engineer or surveyor, to in an action on a contract by a third party beneficiary for bodily injury or property damage arising out of the bodily injury or property damage arising out of a pi eject rendering of or the failure to render professional services for a public authority; but this exclusion does not apply to by such Insured, including an action by the public authority or any other person or organization engaged in the project. 1al the preparation or approval of maps, drawings, opin- ions, reports, surveys, change orders, designs or 151 to bodily injury or property damage arising out of con - specifications, and struction or demolition operations, within 50 feet of any lb) supervisory, inspection or engineering services: railroad property, affecting any railroad bridge or trestle, tracks, road beds, tunnel, underpass or crossing; but NOTE: This endorsement, in its entirety, consists of this exclusion does not apply to sidetrack agreements. Forms LD -4F47b and LD- 4F48a- LD-4F47b (GL 0404 Ed, 3 -811 Page 1 014 ' underpass or crossing; but this exclusion does not apply to sidetrack agreements. (C) The following exclusions applicable to Coverages A (Bodily Injury) and B (Property Damage) do not apply to this Contrac- tual Liability Coverage: )b), (c), (2). (d) and (e). ID) The following additional condition applies: Arbitration The Company shall be entitled to exercise all of the Insured's rights in the choice of arbitrators and in the conduct of any arbitration proceeding. 11. PERSONAL INJURY AND ADVERTISING INJURY LIABILITY COVERAGE (A) The Company will pay on behalf of the Insured all sums which the Insured shall become legally obligated to pay as damages because of personal injury or advertising injury to which this insurance applies, sustained by any person or organization and arising out of the conduct of the Named Insured's business, within the policy territory, and the Company shall have the right and duty to defend any suit against the Insured seeking damages on account of such injury, even if any of the allegations of the suit are groundless, false or fraudulent, and may make such investigation and settlement of any claim or suit as it deems expedient, but the Company shall not be obligated to pay any claim or judgment or to defend any suit alter the applicable limit of the Company's liability has been exhausted by payment of judgments or settlements. IB) This insurance does not apply: I1) to liability assumed by the Insured under any contract or agreement; 12) to personal injury or advertising injury arising out of the willful violation of a penal statute or ordinance committed by or with the knowledge or consent of the Insured; (3) to personal injury or advertising injury arising out of a publication or utterance of a libel or slander, or a publica- tion or utterance in violation of an individual's right of privacy, if the first injurious publication or utterance of the same or similar material by or on behalf of the Named Insured was made prior to the effective date of this insurance; (4) to personal injury or advertising injury arising out of libel or slander or the publication or utterance of d elamatory or disparaging material concerning any person or organiza- tion or goods, products or services, or in violation of an individual's right to privacy, made by or at the direction of the Insured with knowledge of the falsity thereof; (51 to personal injury or advertising injury arising out of the conduct of any partnership or joint venture of which the Insured is a partner or member and which is not desig- nated in the declarations of the policy as a Named Insured; (6113 advertising injury arising out of (a) failure of performance of contract, but this exchision does not apply to the unauthorized appropriation of ideas based upon alleged breach of implied contract, or (b) infringement of trademark, service mark or trade name, other than titles or slogans, by use thereof on or in connection with goods, products or services sold, offered for sale or advertised, or (d incorrect description or mistake in advertised price of goods, products or services sold, offered for sale or advertised; 17) with respect to advertising injury (a) to any Insured in the business of advertising, broad- casting- publishing or telecasting, or (b) to any injury arising out of any act committed by the Insured with actual malice. (C) Limits of Liability Regardless of the number of (11 Insureds hereunder, (2) persons or organizations who sustain injury or damage, or 431 claims made or suits brought on account of personal injury or advertising injury the total limit of the Company's liability under this coverage for all damages shall not exceed the limit of liability stated in the declarations as subject to this en- dorsement, or in the schedule of this endorsement, as "aggregate ". Pa Additional Definitions "Advertising Injury" means injury arising out of an offense committed during the policy period occurring in the course of the Named Insured's advertising activities, if such injury arises out of libel, slander, defamation, violation of right of privacy, piracy, unfair competition, or infringement of copyright, title or slogan. 'Personal Injury" means injury arising out of one or more of the following offenses committed during the policy period: I. false arrest, detention, imprisonment, or malicious pros- ecution; 2. wrongful entry or eviction or other invasion of the right of private occupancy; 3. a publication or utterance la) of a libel or slander or other defamatory or dispar- aging material , or )b) in violation of an individual's right of privacy; except publications or utterances in the course of or related to advertising, broadcasting, publishing or telecasting ac- tivities conducted by or on behalf of the Named Insured shall not be deemed personal injury. III. PREMISES MEDICAL PAYMENTS COVERAGE The Company will pay to or for each person who sustains bodily injury caused by accident all reasonable medical expense in- curred within one year from the date of the accident on account of such bodily injury, provided such bodily injury arises out of (a) a condition in the insured premises or (b( operations with respect to which the Named Insured is afforded coverage for bodily injury liability under the policy. This insurance does not apply: (Al to bodily injury (11 arising out of the ownership, maintenance, operation, use, loading or unloading of la) any automobile or aircraft owned or operated by or rented or loaned to any insured. or (hl any other automobile or aircraft operated by any per- son in the course of his employment by any insured; but this exclusion does not apply to the parking of an automobile on the insured premises, if such automobile is not owned by or rented or loaned to any insured; 12) ansrng out of (al the ownership, maintenance, operation, use, loading or unloading of any mobile equipment while being used in any prearranged or organized racing, speed or demolition contest or in any stunting activity or in practice or prepara- tion for any such contest or activity, or (b) the operation or use of any snowmobile or trailer designed for use therewith; bl owned or operated by or rented or loaned to any in- sured, or (a) operated by any person in the course of his employ- ment by any insured; 131 arising out of the ownership, maintenance, operation, use, loading or unloading of (a) any watercraft owned or operated by or rented or loan- ed to any insured, or I bl any other watercraft operated by any person in the course of his employment by any insured bul this exclusion does not apply to watercraft while ashore on the insured premises; 141 arising out of and in the course of the transportation of mobile equipment by an automobile owned or operated by or rented or loaned to the named insured, IB) to bodily injury (1) included within the completed operations hazard or the products hazard; (2) arising out of operations performed for the Named In- sured by independent contractors other than (a) maintenance and repair of the insured premises or (b) structural alterations at such premises which do not involve changing the size of or moving buildings or other structures; ge2o14 (3) resulting from the selling, serving or giving of any al- coholic beverage (al in violation of any statute, ordinance or regulation, (6) to a minor, Ic( to a person under the influence-of alcohol, or (d) which causes or contributes to the intoxication of any person, if the Named Insured is a person or organization engaged in the business of manufacturing, distribut- ing, selling or serving alcoholic beverages, or it not so engaged, is an owner or lessor of premises used for such purposes, but only part (al of this exclusion (B) (3) applies when the Named Insured is such an owner or lessor; (4) due to war, whether or not declared, civil war, insurrec- tion, rebellion or revolution, or to any act or condition incident to any of the foregoing; IC) to bodily injury (1) to the Named Insured, any partner therein, any tenant or other person regularly residing on the insured premises or any employee of any of the foregoing if the bodily injury arises out of and in the course of his employment there- with; (2) to any other tenant if the bodily Injury occurs on that part of the insured premises rented from the Named Insured or to any employee of such a tenant if the bodily uyury occurs on the tenant's part of the insured premises and arises out al and in the course of his employment for the tenant; (3) to any person while engaged in maintenance and repair of insured premises or alteration, demolition or new con- struction at such premises; (4) to any person if any benefits for such bodily Injury are payable or required to be provided under any workmen's compensation, unemployment compensation or disability benefits jaw, or under any similar law_ (5) to any person practicing, instructing or participating in any physical training, sport, athletic activity or contest whether on a formal or informal basis. (6) if the Named Insured is a club, to any member of the Nained Insured. (7) if the Named Insured is a hotel, motel, or tourist court, to any guest of the Named Insured. ID) to any medical expense for services by the Named In- sured, any employee, thereof or any person or organiza- tion under contract to the Named Insured to provide such services. LIMITS OF LIABILITY The limit of liability for Premises Medical Payments Coverage is $1,000 each person unless otherwise stated in the schedule of this endorsement. The limit of liability applicable to "each per- son ", is the limit of the Company's liability for all medical expense for bodily Injury to any one person as the result of any one accident; but subject to the above provision respecting "each person", the total liability of the Company under Premises Medi- cal Payments Coverage for all medical expense for bodily injury to two or more persons as the result of any one accident shall not exceed the limit of bodily injury liability stated in the policy as applicable to "each occurrence`. When more than one medical payments coverage afforded by the policy applied to the loss, the Company shall not be liable for more than the amount of the highest applicable limit of liability, BROAD FORM COMPREHENSIVE GENERAL LIABILITY ENDORSEMENT (continued) ADDITIONAL DEFINITIONS When used herein: "insured premises" means all premises owned by or rented to the Named Insured with respect to which the Named Insured is afforded coverage for bodily injury liability under this policy, and includes the ways immediately adjoining on land; "medical expense" means expenses for necessary medical, sur- gical, x-ray and dental services, including prosthetic devices, and necessary ambulance, hospital, professional nursing and funeral services. LD - 41400 IOL 0404 00 3 011 Page 3 of ADDITIONAL CONDITION Medical Reports; Proof and Payment of Claim As soon as practicable the injured person or someone on his behalf shall give to the Company written prool of claim, under oath if required, and shall, after each request from the Company, execute authorization to enable the Company to obtain medical reports and copies of records. The injured person shall submit to physical examination by physicians selected by the Company when and as often as the Company may reasonably require. The Company may pay the injured person or any person or organiza- tion rendering the services and the payment shall reduce the amount payable hereunder for such injury. Payment hereunder shall not constitute an admission of liability of any person or, except hereunder, of the Company IV. HOST LIQUOR LAW LIABILITY COVERAGE Exclusion (h) does not apply with respect to liability of the Insured or his indemnitee arising out of the giving or serving of alcoholic beverages at functions incidental to the Named In- sured's business, provided the Named Insured is not engaged in the business of manufacturing, distributing, selling or serving of alcoholic beverages. • V. FIRE LEGAL LIABILITY COVERAGE — REAL PROPERTY With respect to property damage to structures or portions thereof rented to or leased to the Named Insured, including fixtures permanently attached thereto, if such property damage arises out of fire; (A) All of the exclusions of the policy, other than the Nuclear Energy Liability Exclusion (Broad Form), are deleted and replaced by the following: This insurance does not apply to liability assumed by the Insured under any contract or agreement, (B) The limit of property damage liability as respects this Fire Legal Liability Coverage —Real Property is $50,000 each oc- currence unless otherwise stated in the Schedule of this endorsement. (CI The Fire Legal Liability Coverage -- -Real Properly shall be excess insurance over any valid and collectible property insurance (including any deductible portion hereof), available In the Insured, such as, but not limited to, Eire, Extended Coverage, Builder's Risk Coverage or Installation Risk Cov- erage, and the Other Insurance Conditions of the policy is amended accordingly. VI. BROAD FORM PROPERTY DAMAGE LIABILITY COVERAGE (Including Completed Operations) The insurance for property damage liability applies, subject to the following additional provisions: (Al Exclusions (k) and lo) are replaced by the following: (1) to property owned or occupied by or rented to the In- sured, or, except with respect to the use of elevators, to property held by the Insured for sale or entrusted to the insured for storage or safekeeping. 121 except with respect to liability under a written sidetrack agreement or the use of elevators (a) to property while on premises owned by or rented to the Insured for the purpose of having operations per- formed on such property by or on behalf of the In- sured, (b( to tools or equipment while being used by the Insured in performing his operations, lc) to property in the custody of the Insured which is to he installed, erected or used in construction by the In- sured, (dl to that particular part nl any property, not on premises owned by or rented to the Insured, (I) upon which operations are being performed by or on behalf of the Insured at the time of the prop- erty damage arising out of such operations, or (ii) out of which any property damage arises, or (iii) the restoration, repair or replacement of which has been made or is necessary by reason of faulty workmanship thereon by or on behalf of the In- sured; (31 witIr respect to the completed operations hazard and with respect to any classification stated in the policy or in the Company's manual as "including completed operations', to property damage to work performed by the Named Insured arisng out of such work or any portion thereof, or out of such materials, parts or equipment furnished in connection therewith, 113) The Broad Form Property Damage Liability Coverage shall be excess insurance over any valid and collectible prop- erty insurance (including any deductible portion thereof) available to the Insured, such as, but not limited to, Fire, Extended Coverage, Builder's Risk Coverage or Installa- tion Risk Coverage, and the Other Insurance Condition of the policy is amended accordingly. VIL INCIDENTAL MEDICAL MALPRACTICE LIABILITY COVERAGE The definition of bodily injury is amended to include Incidental Medical Malpractice Injury. Incidental Medical Malpractice Injury means injury arising out of the rendering of or failure to render, during the policy period, the following services: (A) medical, surgical, dental, x -ray or nursing service or treat- ment or the furnishing of food or beverages in connection therewith; or (B) the furnishing or dispensing of drugs or medical, dental or surgical supplies or appliances. This coverage does not apply to: (1) expenses incurred by the Insured for first -aid to others at the time of an accident and the "Supplementary Pay- ments" provision and the "Insured's Duties in the Event of Occurrence, Claim or Suit" Condition are amended accord- ingly; or (2) any Insured engaged in the business or occupation of providing any of the services described under VII (A) and (B) above. (3) injury caused by any indemnitee if such Indemnitee is engaged in the business or occupation of providing any of the services described under VII IA) and (B( above, VIII. NON-OWNED WATERCRAFT LIABILITY COVERAGE (under 26 feet in length) Exclusion (e) does not apply to any watercraft under 26 feet in length provided such watercraft is neither owned by the Named Insured nor being used to carry persons or property fora charge. Where the Insured is, irrespective of this coverage, covered or protected against any loss or claim which would otherwise have been paid by the Company under this endorsement, there shall be no contribution or participation by this Company on the basis of excess, contributing, deficiency, concurrent, or double insur- ance or otherwise. IX. LIMITED WORLDWIDE UABILITY COVERAGE The definition of policy territory is amended to include the following Page 4 of 4 14) Anywhere in the world witft respect to bodily injury, property damage, personal injury or advertising injury arising out of the activities of any Insured permanently domiciled in the United States of America though tem- porarily outside the United States of America, its ter- ritories and possessions or Canada, provided the original suit for damages because of any such injury or damage is brought within the United States of America, its ter- ritories or possessions or Canada. Such insurance as is afforded by paragraph (4) above shall not apply: (a) to bodily injury or property damage included within the completed operations hazard or the products hazard; (b( to premises medical payments coverage_ X. ADDITIONAL PERSONS INSURED As respects bodily injury, property damage and advertising injury and personal injury coverages, under the provision "Persons Insured ", the following are added as insureds: IA) Spouse— Partnership - the Named Insured is a partner- ship, the spouse of a partner but only with respect to the conduct of the business of the Named Insured. I8) Employee —Any employee )other than executive officersl of the Named Insured while acting within the scope of his duties as such, but the insurance afforded to such employee does not apply: (a) to bodily injury or personal injury to another employee of the Named Insured arising out of or in the course of his employment; lb) to personal injury or advertisng injury to the Named Insured or, if the Named Insured is d partnership or joint venture. any partner or member thereof, or the spouse of any of the foregoing; (c) to property damage to property owned, occupied or used by, rented to, in the care, custody or control of or over which physical control is being exercised for any purpose by another employee of Named Insured, or by the Named Insured or, if the Named Insured is a partnership of joint venture, any partner or member thereof or by the spouse of any of the foregoing. XIL. EXTENDED BODILY INJURY COVERAGE The definition of occurrence includes any intentional act by or at the direction of the Insured which results in bodily injury, if such injury arises solely from the use of reasonable force for the purpose of protecting persons or property. XII. AUTOMATIC COVERAGE — NEWLY ACQUIRED ORGANIZATIONS (90 DAYS) The word Insured shall include as Named Insured any organiza- tion which is acquired or formed by the Named Insured and over which the Named Insured maintains ownership or majority in- terest, other than a joint venture, provided this insurance does not apply to bodily injury, property damage, personal injury and advertising injury with respect to which such new organization under this policy is also an Insured under any other similar liability or indemnity policy or would be an Insured under any such policy but for exhaustion of its limits of liability. The insur- ance ahorded hereby shall terminate 90 days Irom the date any such organization is acquired or formed by the Named Insured_ Aur!woad Agent (End) PREMIUM DISCOUNT ENDORSEMENT —TEXAS (General Liability Insurance) Named Insured Effective t Policy Number t Issued BY (Name of Insurance Company) The above is required to be completed only when this endorsement is issued subsequent to the preparation of the policy. It is agreed that the premium pertaining to Texas for General Liability and Medical Payments insurance is subject to discount in accordance with the following procedure: 1. Texas General Liability Standard Premium. Such premiurn pertaining to Texas computed in accordance with the provisions of the policies designated in the declarations as subject to Premium Discount, other than this endorsement and exclusive of the application of any retrospective rating plan, shall be known as the Texas General Liability Standard Premium. 2. Total Standard Premium for All States. The General Liability and Medical Payments Premium computed in accordance with the provisions of the policies designated in the declarations as subject to Premium Discount, other than this endorsement and exclusive of the application of any retrospective rating plan, any Automatic Premium Adjustment Endorsement, any Premium Return Plan Endorsement, or other Premium Discount Endorsement, shall be known as the Total Standard Premium. 3. Premium Discount— Texas. (a) For policy periods of one year or less —The Texas General Liability Standard Premium shall be subject to the applicable discount percentages for the Total Standard Premium obtained from the Table of "Texas Premium Discounts (General Liability) ". (b) For policy periods of more than one year —The Texas General Liability Standard Premium for each annual period or portion thereof during the policy period shall be subject to the applicable discount percentages stated in said Table of "Texas Premium Discounts (General Liability)" opposite the Total Standard Premium for the policies for each such period or portion thereof during the policy period. (c) If retrospective rating is applicable to a part of the premium pertaining to Texas, the amount of premium discount applicable to the Texas General Liability Standard Premium, exclusive of any premium subject to any Retrospective Rating Plan, shall be the difference between (1) the discount determined by applying to the Texas General Liability Standard Premium the applicable percentages stated in said Table opposite the Total Standard Premium, and (2) the discount determined by applying to that portion of the Texas General Liability Standard Premium which is subject to retrospective rating the applicable percentage stated in said Table opposite so much of the Total Standard Premium as is subject to retrospective rating. Authorized Agent LD -7F93 Prd in U.S.A. COMPREHENSIVE GENERAL LIABILITY INSURANCE COVERAGE PART 1. COVENAGE A— BODILY INJURY UABILIYY COVERAGE B— PROPERTY RAMIE LIABILITY The Company will pay on behalf of the Insured all sums which the Insured shall become legally obligated to pay as damages because of A. bodily injury or B. property damage to which this insurance applies, caused by an occurrence and the Company shall have the right and duty to defend any suit against the Insured seeking damages on account of such bodily injury or property damage, even it any of the allegations of the suit are groundless. false or fraudulent, and may make such investigation and settlement of any claim or suit as it deems expedient, but the Company shall not be obligated to pay any claim or judg• ment or to defend any suit after the applicable limit of the Company's liability has been exhausted by payment of judgments or settlements. Exclusions This insurance does not apply: la) to liability assumed by the Insured under any contract or agreement except an incidental contract; but this exclusion does not apply to a warranty of fitness or quality of the Named Insured's products or a war• ranty that work performed by or on behalf of the Named Insured will be done in a workmanlike manner; lb) to bodily injury or property damage arising out of the ownership, mainte. nonce. operation, use, loading or unloading of (1) any automobile or aircraft owned or operated by or rented or loaned to any Insured, or 121 any other automobile or aircraft operated by any person in the course of his employment by any Insured; but this exclusion does not apply to the parking of an automobile on prem- ises owned by, rented to or controlled by the Named Insured or the ways immediately adjoining, if such automobile is not owned by or rented or loaned to any Insured; Icl to bodily injury or property damage arising out o1 (1) the ownership. maintenance, operation, use, loading or unloading of any mobile equip. ment while being used in any prearranged or organized racing, speed or demolition contest or in any stunting activity or in practice or preparation for any such contest or activity or (2) the operation or use of any snow. mobile or (railer designed for use therewith; (d). to bodily injury or property damage arising out of and in the course of the transportation of mobile equipment by an automobile owned or operated by or rented or loaned to any Insured; le1 to bodily injury or properly damage arising out of the ownership, mainte- nance, operation, use, loading or unloading of (11 any watercraft owned or operated by or rented or loaned to any Insured, or 12) any other watercraft operated by any person in the course of his employment by any Insured; but This exclusion does not apply to watercraft while ashore on premises owned by, rented to or controlled by the Named Insured; 1f) to bodily injury or property damage arising out of the discharge; dispersal, release or escape of smoke, vapors, soot, fumes, acids. alkalis, toxic chemicals, liquids or gases, waste materials or other irritants, con- taminants or pollutants into or upon land. the atmosphere or any water course or body of water; but this exclusion does not apply if such dis. charge, dispersal, release or escape is sudden and accidental; (g) to bodily injury or property damage due to war, whether or not declared, civil war, insurrection. rebellion or revolution or to any act or condition incident to any of the foregoing, with respect to (11 liability assumed by the Insured under an incidental contract, or (2) expenses for first aid under the Supplementary Payments provision; (h) to bodily injury or property damage for which the Insured or his indem. nitee may be held liable 111 as a person or organization engaged in the business of manufacturing, distributing, selling or serving alcoholic beverages, or 12) if not so engaged, as an owner or lessor of premises used for such purposes, if such liability is imposed Id by, or because of the violation el, any statute, ordinance or regulation pertaining to the sale, gift, distribution or use of any alcoholic beverages, or lift by reason of the selling. serving or giving of any alcoholic beverage to a minor or to a person under the influence of alcohol or which causes or contributes to the intoxication of any person; but part lift of this exclusion does not apply with respect to liability of the Insured or his indemnilee as an owner or lessor described in 121 above; (i) to any obligation for which the Insured or any carrier as his insurer may be held liable under any workmen's compensation, unemployment com- pensation or disability benefits law, or under any similar law; (j) to bodily injury to any employee of the Insured arising out of and in the course of his employment by the Insured or to any obligation of the Insured to indemnity another because of damages arising out of such injury but this exclusion does not apply to liability assumed by the Insured under an incidental contract; Ik) to property damage to (11 property owned or occupied by or rented to the Insured, (21 property used by the Insured, or (31 property in the care, custody or control of the Insured or as to which the Insured is for any purpose exercising physical control; but parts (2) and (31 of this exclusion do not apply with respect to liability under a written sidetrack agreement and part 131 of This exclusion does not apply with respect to property damage (other than to elevalors) arising out of the use of an elevator at premises owned by, rented to or controlled by the Named Insured, ((1 to property damage to premises alienated by the Named Insured arising out of such premises or any part thereof; Imlto loss of use of tangible properly which has not been physically injured or destroyed resulting from (1) a delay in or lack of performance by or on behalf of the Named Insured of any contract or agreement, or 12) the failure of the Named Insured's products or work performed by or on behalf of the Named Insured to meet the level of performance, quality, fitness or durability warranted or represented by the Named Insured; but this exclusion does not apply to loss of use of other tangible properly resulting Irom the sudden and accidental physical injury to or destruction of the Named Insured's products or work performed by or on behalf of the Named Insured alter such products or work have been put to use by any person or organization other than an Insured; (nl to property damage to the Named Insured's products arising out of such products or any part of such products; (o) to properly damage to work performed by or on behalf of the Named Insured arising out of the work or any portion thereof, or out of materials, parts or equipment furnished in connection therewith; Ip1 10 damages claimed for the withdrawal, inspection, repair, replacement, or loss of the use of the Named Insured's products or work completed by or for the Named Insured or of any property of which such products or work form a part, if such products, work or properly are withdrawn from the market or from use because of any known or suspected defect or deliciency therein; 1qI to property damage included within: IN the explosion hazard in connection with operations identified in this policy by a classification code number which includes the symbol "x', 121 the collapse hazard in connection with operations identified in this policy by a classification code number which includes the symbol "c ", 13) the underground property damage hazard in connection with opera- tions identified in this policy by a classification code number which includes the symbol "u ". lover) LO -9F72 %d. In U.S.A. II. PERSONS INSURED Each of the following is an Insured under this insurance to the extent set forth below: W i1 the Named Insured is designated in the declarations as an individual, the person so designated but only with respect to the conduct of a business of which he is the sole proprietor, and the spouse o1 the Named Insured with respect to the conduct of such a business; 1bl if the Named Insured is designated in the declarations as a partnership or joint venture, the partnership or joint venture so designated and any partner or member thereof but only with respect to his liability as such; lc) it the Named Insured is designated in the declarations as other than an individual, partnership or joint venture, the organization so designated and any executive officer, director or stockholder thereof while acting within the scope of his duties as such; (r0 any person bother than an employee of the Named Insured) or organization while acting as real estate manager for the Named Insured; and 10 with respect to the operation, for the purpose of locomotion upon a public highway, of mobile equipment registered under any motor vehicle registra- tion law, (1) an employee of the Named Insured while operating any such equipment in the course of his employment, and Iii) any other person while operating with the permission of the Named Insured any such equipment registered in the name of the Named Insured and any person or organization legally responsible for such op. eralion, but only if there is no other valid and collectible insurance available, either on a primary or excess basis, to such person or organization; provided that no person or organization shall be an Insured under this paragraph eel with respect 10: (1) bodily injury to any fellow employee of such person injured in the course of his employment, or 12) property damage to property owned by, rented to, in charge of or occu- pied by the Named Insured or the employer of any person described in subparagraph liil. This insurance does not apply to bodily injury or properly damage arising out of the conduct of any partnership or joint venture of which the Insured is a partner or member and which js not designated in this policy as a Named Insured. 11I. LIMITS OF LIABILITY Regardless of the number of (1) Insureds under This policy, (2) persons or organizations who sustain bodily injury or property damage, or 131 claims made or wits brought on account of bodily injury or property damage, the Com- pany's liability is limited as follows: Coverage A — The total liability of the Company for all damages, including damages for care and loss of services, because of bodily injury sustained by one or more persons as the result of any one occurrence shall not exceed the limit of bodily injury liability stated in the declarations as applicable to "each occurrence." Subject to the above provision respecting "each occurrence", the total liability of the Company for all damages because of (1) all bodily injury included within the completed operations hazard and (2) all bodily injury included within the produces hazard shall not exceed the limit of bodily injury liability stated in the declarations as "aggregate ". Coverage B—The total liability of the Company for all damages because of all property damage sustained by one or more persons or organizations as the result of any one occurrence shall not exceed the limit of property damage liability slated in the declarations as applicable to "each occurrence ". Subject to the above provision respecting "each occurrence ", the total liability of the Company for all damages because of all property damage 10 which this coverage applies and described in any of the numbered sub paragraphs below shall not exceed the limit of property damage liability stated in the declarations as "aggregate ": II) all properly damage arising out of premises or operations rated on a remuneration basis or contractor's equipment rated on a receipts basis, including property damage tor which liability is assumed under any in- cidental contract relating to such premises or operations, but ex- cluding property damage included in subparagraph 12) below; (2) all property damage arising out of and occurring in the course of opera lions performed for the Named Insured by independent contractors and general supervision thereat by the Named Insured, including any such property damage for which liability is assumed under any incidental contract relating to such operations, but this subparagraph (2) does not include property damage arising out of maintenance or repairs at premises owned by or rented to the Named Insured or structural altera- tions at such premises which do not involve changing the size of or moving buildings or other structures; (3) all property damage included within the products hazard and all prop- erty damage included within the completed operations hazard. Such aggregate limit shall apply separately to the property damage described in subparagraphs (1), (2) and 13) above, and under subparagraphs (1) and 12), separately with respect to each project away from premises owned by or rented to the Named Insured. Coverages A and D —For the purpose of determining the limit of the Com- pany's liability, all bodily injury and property damage arising out of continuous or repealed exposure to substantially the same general conditions shall be considered as arising out of one occurrence. IV. POLICY TERRITORY This insurance applies only to bodily injury or property damage which occurs within the policy territory. When used in the declarations as a basis of premium for this coverage: (1) "admissions" means the total number of persons, other than employees of the Named Insured, admitted to the event insured or to events conducted on the premises whether on paid admission tickets, complimentary tickets or passes; (2) "remuneration" means the entire remuneration earned during the policy period by proprietors and by all employees of the Named Insured other than chauffeurs (except operators of mobile equipment) and aircraft pilots and co-pilots, subject to any overtime earnings or limitation of remuneration rule applicable in accordance with the manuals in use by the Company; (3) "receipts" means the gross amount of money charged by the Named Insured for such operations by the Named Insured or by others during the policy period as are rated on a receipts basis other than receipts from telecasting, broadcasting or motion pictures, and includes taxes, other than taxes which the Named Insured collects as a separate item and remits directly to a governmental division; (4) "cost' means the total cost to the Named insured with respect to operations performed lot the Named Insured during the policy period by independent contractors of all work let or sublet in connection with each specific project, including the cost of all labor, materials and equipment furnished. used or delivered for use 0 the execution of such work, whether furnished by the owner, contractor or sub - contractor, including all fees, allowances, bonuses or commissions made, paid or due; 15) "sales" means the gross amount of money charged by the Named Insured or by others trading under his name for all goods and products sold or distributed during the policy period and charged during the policy period for installation, servicing or repair, and includes taxes, other than taxes which the Named Insured and such others collect as a separate item and remit directly to a governmental division. This exclusion modifies the provisions of this policy relating to ALL LIABILITY AND MEDICAL PAYMENTS INSURANCE OTHER THAN COMPREHENSIVE PERSONAL. AND FARMER'S COMPREHENSIVE PERSONAL INSURANCE. This policy does not apply: a. Under any Liability Coverage, to bodily injury or property damage: (11 with respect to which an Insured under the policy is also an Insured under a nuclear energy liability policy issued by Nuclear Energy Liability Insurance Association, Mutual Atomic Energy Liability Underwriters, or Nuclear Insurance Association of Canada, or would be an Insured under any such policy but for its termination upon exhaustion of its limit of liability; or (2) resulting from the hazardous properties of nuclear material and with respect to which (al any person or organization is required to maintain financial protection pursuant to the Atomic Energy Act of 1954, or any law amendatory thereof, or lb) the Insured is, or had this policy not been issued would be, entitled to indemnity from the United States of America, or any agency thereof, under any agreement entered into by the United Stales of America, or any agency thereof, with any person or organization. b. Under any Medical Payments Coverage, or under any Supplementary Payments provision relating to first aid, to expenses incurred with respect to bodily injury resulting from the hazardous properties of nuclear material and arising out of the operation of a nuclear facility by any person or organization; c. Under any Liability Coverage, to bodily injury or property damage resulting from the hazardous properties of nuclear material, if: 11) the nuclear material (a) is at any nuclear facility owned by, or operated by or on behalf of, an insured, or (51 has been discharged or dispersed therefrom; (2) the nuclear material i5 contained in spent fuel or waste at any time possessed, handled, used, processed, stored, transported or disposed of by or on behalf of an Insured; or (3) the bodily injury or property damage arises out of the furnishing by an Insured of services, materials, parts or equipment in connection with the planning, construction, maintenance, operation or use of any nuclear facility, but if such facility is located within the United Stales of America, its territories or possessions, or Canada, this exclusion (3) ap. plies only to property damage to such nuclear facility and any property thereat; 1. Premium All premiums for this policy shall be computed in accordance ,with the Company's rules, rates, rating plans, premiums and minimum premiums applicable to the insurance afforded herein. Premium designated in this policy as "advance premium" is a deposit premium only which shall be credited to the amount of the earned premium due at the end of the policy period. At the close of each period for part thereof terminating with the end of the policy period) designated in the declarations as the audit period the earned premium shall be computed for such period and upon notice thereof to the Named Insured, shall become due and payable. If the total earned premium for the policy period is less than the premium previously paid, the Company shall return to the Named Insured the unearned portion paid by the Named Insured, The Named Insured shall maintain records of such information as is necessary for premium computation, and shall send copies of such records to the Company at the end of the policy period and at such times during the policy period as the Company may direct. 2. Inspection and Audit The Company shall be permitted but not obligated to inspect the Named In- sured's property and operations at any lime. Neither the Company's right to make inspections nor the making thereof nor any report thereon shall constitute an undertaking, on behalf of or for the benefit of the Named In- sured or others, to determine or warrant that such property or operations are safe or healthful, or are in compliance with any law, rule or regulation. The Company may examine and audit the Named Insured's books and records at ay time during the pokey period and extentions thereof and within three years alter the final termination of this policy, as far as they relate to the subject matter of this insurance. NUCLEAR ENERGY LIABILITY EXCLUSION (BROAD FORM) CONDITIONS Page 3 d. As used in this Exclusion: (1) "Hazardous properties" include radioactive, toxic or explosive proper- ties; (2) "Nuclear material" means source material, special nuclear material or by- product material; 131 "Source material ", "special nuclear material" and "by-product material" have the meanings given them in the Atomic Energy Act of 1954 or in any law amendatory thereof; (41 "Spent Iuel " means any fuel element or fuel component, solid or liquid which has been used or exposed to radiation in a nuclear reactor; 151 "Waste" means any waste material (a) containing by- product material other than tailings or wastes produced by the extraction or concentra- tion of uranium or thorium from any ore processed primarily for as source material content, and Ibl resulting from the operation by any person or organization of any nuclear facility included under the first two paragraphs of the definition of nuclear lacihty. (6) "Nuclear facility" means, lal any nuclear reactor, (blany equipment or device designed or used for lit separating the isotopes of uranium or plutonium, lit) processing or utilizing spent fuel, or iml handling, pro- cessing or packaging waste; Icl any equipment or device used for the processing, fabricating or alloying of special nuclear material d at any rime the total amount of such material in the custody of the Insured at the premises where such equipment or device is located consists of or contains more than 25 grams of plutonium or uranium 233 or any com- bination thereof, or more than 250 grams of uranium 235; Id) any struc- ture, basin, excavation, premises or place prepared or used for the storage or disposal of waste; and le) includes the site on which any of the foregoing is located, all operations conducted on such site, and all premises used for such operations; 17) "Nuclear reactor" means any apparatus designed or used to sustain nuclear fission in a self-supporting chain reaction or to contain a critical mass of fissionable material; (8) "Properly damage" includes all forms of radioactive contamination of property. 3. Financial Responsibility Laws When this policy is certified as proof of financial responsibility for the future under the provisions of any motor vehicle financial responsibility law, such insurance as is afforded by this policy for bodily injury liability or for property damage liability shall comply with the provisions of such law to the extent of the coverage and limits of liability required by such law. The Insured agrees to reimburse the Company (or any payment made by the Company which it would not have been obligated to make under the terms of this policy except for the agreement contained in this paragraph. 4. Insured's Duties in the Event of Occurrence, Claim or Suit (a) In the event 0( an occurence, written notice oontaimng particulars sufficient to identify the Insured and also reasonably obtainable in- formation with respect to the time, place and circumstances (hereof, and the narn05 and addresses of the mjured and of available witnesses, shall be given by or for the Insured to the Company or any of its authorized agents as soon as practicable, lb) If claim is made or suit is brought against the Insured, the Insured shall immediately forward to the Company every demand, notice, summons or other process received by him or his representative. (c) The Insured shall cooperate with the Company and, upon the Company's request, assist in making settlements, in the conduct of suits and in in enforcing any right of contribution or indemnity against any person or organization who may be liable m the In- sured because of injury or damage with respect to which insurance is afforded under This policy; and the Insured shall attend hearings and trials and assist in securing and giving evidence and obtaining the attendance of witnesses. The Insured shall not, except at his own cost, voluntarily make any payment, assume any obligation or incur any expense other than for first aid to others at the time of accident. 5. Action Against Company No action shall he against the Company unless. as a condition precedent thereto, (here shall have been lull compliance with all of the terms of this policy, nor until the amount of the Insured's obligation to pay shall have been finally determined either by judgment against the Insured alter actual Trial or by written agreement of The Insured, the claimant and the Company. Any person or organization or the legal representative thereat who has secured such judgment or written agreement shall thereafter be entitled to recover under this policy to the extent of the insurance afforded by this policy. No person or organization shall have any right under this policy to loin the Company as a party to any action against the Insured to determine the In- sured's liability. nor shall the Company be impleaded by the Insured or his legal representative- Bankruptcy or insolvency of the Insured or oI the In- sured's estate shall not relieve the Company of any of its obligations here- under. 6. Other Insurance The insurance afforded by this policy is primary insurance, except when stated to apply in excess of or contingent upon the absence oI other insurance. When this insurance is primary and the Insured has other insurance which is stated to be applicable to the loss on an excess or contingent basis, the amount of the Company's liability under this policy shall not be reduced by the existence Of such other insurance. When both this insurance and other insurance apply to the loss on the same basis. whether primary, excess or contingent, the Company shall not be liable under this policy for a greater proportion of the loss than that stated in the applicable contribution provision below: la) Contribution by Equal Shares. if all of such other valid and collectible insurance provides for contribution by equal shares, the Company shall not be liable tor a greater proportion of such loss than would be payable it each insurer contributes an equal share until the share of each insurer equals the lowest applicable limit of liability under any one policy or the full amount of the loss is paid, and with respect to any amount of loss not so paid the remaining insurers then continue to contribute equal shares of the remaining amount of the loss until each such insurer has paid its limit in lull or the lull amount of the loss is paid. WI Contribution by Limits. If any of such other insurance does not provide for contribution by equal shares, the Company shall not be liable for a greater proportion of such loss than the applicable limit of liability under This policy for such loss bears to the total applicable limit of liability of all valid and collectible insurance against such loss. 7. Subrogation In the event of any payment under this policy, the Company shall be subro- gated to all the Insured's rights of recovery therefor against any person or organization and the Insured shall execute and deliver instruments and papers CONDITIONS CONTINUED Pape 4 and do whatever else is necessary to secure such rights. The Insured shall do nothing after loss to prejudice such rights. I. Changes Notice 10 any agent or knowldege possessed by any agent or by any other person shall not effect a waiver or a change in any part of This policy or estop the Company from asserting any right under the terms of this policy; nor shall the terms of this policy be waived or changed, except by endorsement issued to form a part of this policy. 9. Assignment Assignment of interest under this policy shall not bind the Company until its consent is endorsed hereon; it. however, the Named Insured shall die, such insurance as is afforded by this policy shall apply 11) to the Named Insured's legal representative, as the Named Insured, but only while acting within the scope of his duties as such. and (2) with respect to the property of the Named Insured, to the person having proper temporary custody thereof, as Insured, but only until the appointment and qualification of the legal representative. 10. Three Year Policy II this policy is issued for a period of three years any limit of the Company's liability stated in this policy as "aggregate" shall apply separately to each consecutive annual period thereof. Cancellation This policy may be cancelled by the Named Insured by surrender thereof to the Company or any of its authorized agents or by mailing to the Company written notice staling when therealler the cancellation shall be enective. This policy may be cancelled by the Company by mailing to the Named Insured at the address shown in this policy, written notice slating when not less than len days thereafter such cancellation shall be effective. The mailing oI notice as aforesaid shall be sufficient proof of notice. The time of surrender or the effective date and hour of cancellation staled in the notice shall become the end of the policy period. Delivery of such written notice either by the Named Insured or by the Company shall be equivalent to mailing. 11 the Named Insured cancels, earned premium shall be computed in accord. ante with the customary short rale table and procedure. II the Company cancels, earned premium shall be computed pro rata. Premium adjustment may be made either at the time cancellation is effected or as soon as prat ticable alter cancellation becomes ell eclive. but payment or tender of un- earned premium is not a condition of cancellation. 12. Declarations By acceptance of this policy, the Named Insured agrees That the statements in the declarations are his agreements and representations. that this policy is issued in reliance upon the truth of such representations and that this policy embodies all agreements existing between himself and the Company or any of its agents relating to this insurance. 11. IN WITNESS WHEREOF, the INA OF TEXAS has caused this policy to be signed by its President and a Secretary at Dallas. Texas, and countersigned on the Declarations page by a duly Authorized Agent of the Company. CHARLES MCCULLDUGH, Presidenl THE STATE OF TEXAS : COUNTY OF WILLIAMSON: THIS AGREEMENT is made and entered into this day of , 1987, by and between the Qty of Round Rock, a Texas municipal corporation (Licensor), and Austin Homes, Incorporated, its successors and assigns (Licensee). RECITALS WHEREAS, Licensee owns and occupies certain real property in Round Rock, Williamson County, Texas, and being more particularly described as Lots 1 through 5 inclusive, Block B, Windy Park Subdivision, Section I (the Property); and WHEREAS, Licensee operates a subdivision sales office and model home complex at said location; and WHEREAS, Licensee has need for security fencing enclosing the front yards of the Property as well as a portion of the public right -of -way adjacent to the Property, as indicated on Exhibit "A" (the License Parcel), attached hereto and incorporated herein for all purposes; and WHEREAS, such fence would not adversely affect the public's use of said right -of- way, since the Property and the License Parcel are located on an otherwise undeveloped street; NOW THEREFORE, for and in consideration of TEN and NO/ 100 Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Licensor and Licensee hereby agree as follows: 1. Licensor hereby grants and demises unto Licensee the right to use and maintain a security fence on the License Parcel, provided said fence shall be constructed of open wrought iron pickets of a height no greater than 48- inches, so as to not obstruct views in any way. Page 1 of 4 Pages 2. The License granted herein shall be revocable by Licensor upon the sale, lease or other transfer of one or more of the model homes, provided such sale or lease is for the purpose of ceasing use of the home as a model home and the commencement of residency, by an owner or tenant. At such time, Licensor shall give to Licensee, its successors or assigns, sixty (60) days written notice of Licensor's intent to revoke this License. Licensee agrees to remove said fence within sixty (60) days after receipt of such written notice from Licensor. 3. Licensee further agrees to indemnity Licensor against liability, loss or damage Licensor may suffer as a result of costs or judgments against Licensor arising out of the existence of the herein described fence upon the License Parcel, if said liability, loss or damage would not have occurred had the herein described fence not existed upon the License Parcel at the time of the occurance giving rise to the liability, loss or damage. Further, Licensee agrees to keep in force the liability insurance policy evidenced hereto as Exhibit "B," or any other replacement insurance policy of equal or superior coverage, and to name the Licensor as an additional insured on the current insurance policy or any replacement insurance policy, for the purposes described herein. 4. The License granted herein Is assignable by Licensee, its successors and assigns, without the consent of Licensor, to any subsequent owner of the Property, provided said subsequent owner shall not change the use of said Property, that use being as a subdivision sales office and model home complex. This agreement shall be binding upon and enforceable by the parties hereto, and their respective successors and assigns. 5. This License, until its expiration or revocation, shall run with title to the Property, and the terms and conditions hereof shall be binding on any subsequent owners or holders thereof. Licensee shall cause any immediate successors in interest to have factual notice of this License agreement. 6. This License shall be for a period of one year from the date herein, but shall automatically renew for an additional one year unless Licensor notifies Licensee of its intent not to renew within thirty days prior to the conclusion of the one year period. Should Licensor elect not to renew this License, Licensee shall remove said fence from the License Parcel within 30 -days of the expiration of this License. Page 2 of 4 Pages 7. Neither the granting of this License, nor of any related permit, constitutes an abandonment by the Licensor of its property, easement or easements, or any other rights in and to the above described property. Licensee expressly stipulates and agrees by Licensee's acceptance of this License that Licensee neither asserts or claims any interest or right of any type or nature whatsoever, either legal, equitable or otherwise in and to Licensor's property. 8. The notice required of Licensor herein shall be in writing and shall be deemed to have been properly delivered as of the date such notice is hand delivered to the occupant of the Property or deposited in the United States Mail, certified or registered mail, return receipt requested, postage prepaid, addressed to Austin Homes, Inc., Post Office Box 1207, Round Rock, Texas 78680. IN WITNESS WHEREOF, the parties hereto have executed this agreement on the day and year first above written. ATTEST: The City of Round Rock, Texas JOANNE LAND, City Secretary LICENSOR: Page 3 of 4 Pages MICE ROBINSON, Mayor LICENSEE: Austin Homes, Incorporated STATE OF TEXAS COUNTY OF WILLIAMSON This instrument was acknowledged before me, a notary public, this day of , 1987, by Mike Robinson, Mayor of the City of Round Rock, Texas, a Texas municipal corporation, on behalf of said corporation. STATE OF TEXAS COUNTY OF WILLIAMSON Page 4 of 4 Pages Notary Public, State of Texas (Printed Name) Commission Expires This instrument was acknowledged before me, a notary public, this day of `1A'`AA c- - , 1987, by James L. Sullins, President of Austin Homes, incorporated, on behalf of said corporation. NANCY K. N?P?'S P he Texas 3� 1 M / Commission Exoir E1 pis'_ 1 WI" CP EXHIBIT A esaii \ Ns. it P.U.5. Lor* .c:70 aNcE - 1 1 6 3 Frum goat_r- c..utz3 LoT 4 Iv LOT I t5e74 lAIIN2Y "PAPA 171 tLocA 5 NIP)/ r3/4 EGTIOH 0\E, 1 TO 122E PIENAMEP LYING101\1 VILLAGE • 1 4WAU. Lo 2 I5e I-0T I FROMM ,,msime/c:■ftmeammeilm WALk .iceta* IlbsPen71 x c witoveibd tiros cepcf 1 90' AUSTIN HOMES