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R-98-07-23-10C1 - 7/23/1998RESOLUTION NO. R- 98 -07- 23 -10C1 WHEREAS, Joyce Clark and the Estate of Lenzo Clark owns 0.22 acres of land on the west side of Chisholm Trail between Brushy Creek and Hwy. 620, and WHEREAS, Joyce Clark and the Estate of Lenzo Clark have offered to sell said property to the City of Round Rock, and WHEREAS, the City would like to purchase said property for park and tourism purposes, Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Mayor is hereby authorized and directed to execute on behalf of the City a Real Estate Contract with Joyce Clark and the Estate of Lenzo Clark, for the purchase of the above described property, a copy of said contract being attached hereto as Exhibit The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as aganded, and the Act. RESOLVED this 23rd day of July, 111 E A S • T 24 AL __ ANNE LAND, City Secretary R,\ WPM ICS \RESOLDTI \RSO]])C1.WPD /PCg CHARLES CULPEP,'E• Mayor City of Round Rock, Texas State of Texas County of Williamson 2.02. closing. REAL ESTATE CONTRACT THIS CONTRACT OF SALE ( "Contract ") is made by and between JOYCE CLARK, 504 Chisholm Trail Road, Round Rock, Williamson County, Texas(referred to in this Contract as "Seller ") and the CITY OF ROUND ROCK, a Texas Home Rule City of 221 E. Main St. Round Rock, Williamson County, Texas (referred to in this Contract as "Purchaser "), upon the terms and conditions set forth in this Contract. ARTICLE I PURCHASE AND SALE By this Contract, Seller sells and agrees to convey, and Purchaser purchases and agrees to pay for, the tract of land containing approximately 0.22 acres of land situated in Williamson County, Texas, being more particularly described as follows: Being 0.22 acres out of the J.M. Harrell Survey, Abstract No. 284 Williamson County, Texas and being known as 504 Chisholm Trail Road, Round Rock, Texas; together with all and singular the rights and appurtenances pertaining to the property, including any right, title and interest of Seller in and to adjacent streets, alleys or rights -of -way (all of such real property, rights, and appurtenances being referred to in this Contract as the "Property "), together with any improvements, fixtures, and personal property situated on and attached to the Property, for the consideration and upon and subject to the terms, provisions, and conditions set forth below. ARTICLE II PURCHASE PRICE Amount of Purchase Price 2.01. The purchase price for the Property shall be the sum of Eighty -four Thousand, Six hundred sixty -six and 66/100 Dollars ($84,666.6 Payment of Purchase Price The Purchase Price shall be paid in cash at the 1 ARTICLE III PURCHASER'S OBLIGATIONS Conditions to Purchaser's Obligations 3.01. The obligations of Purchaser hereunder to consummate the transaction contemplated hereby are subject to the satisfaction of each of the following conditions (any of which may be waived in whole or in part by Purchaser at or prior to the closing). Preliminary Title Commitment 3.02. The parties acknowledge that Heart of Texas Title Company has issued a preliminary title report (the "Title Commitment "), dated September 8, 1997 and having a GF No. 731897 -CH. Items 5 through 7 of Schedule C are not acceptable to Purchaser and must be eliminated or modified to the satisfaction of Purchaser. In the event Seller is unable to do so by the closing date, this agreement shall thereupon be null and void for all purposes and the Escrow Deposit shall be forthwith returned by the title company to Purchaser. 3.03. The closing of this transaction shall be conditioned on and simultaneous with the closing of a contract for the purchase of the following described tracts on terms and conditions that are acceptable to Purchaser in its sole judgment: 1) 0.22 acre tract out of the J.M. Harrell Survey, Abstract 284 owned by Al Robinson and Evelyn Robinson; and 2) 0.22 acre tract out of the J.M. Harrell Survey, Abstract 284 owned by Verley Campbell and wife, Claretta Campbell. 3.04. Seller shall have performed, observed, and complied with all of the covenants, agreements, and conditions required by this Contract to be performed, observed, and complied with by Seller prior to or as of the closing. ARTICLE IV CLOSING The closing shall be held at the office of Heart of Texas Title Company, 1001 South Mays, Round Rock, Texas, on or before August 31, 1998, or at such time, date, and place as Seller and Purchaser may agree upon (which date is herein referred to as the "closing date "). Seller's Obligations 2 4.01. At the closing Seller shall: (a) Deliver to Purchaser a duly executed and acknowledged General Warranty Deed conveying good and marketable title in fee simple to all of the Property, free and clear of any and all liens, encumbrances, conditions, easements, assessments, and restrictions, except for the following: (i) General real estate taxes for the year of closing and subsequent years not yet due and payable; (ii) Any exceptions approved by Purchaser pursuant to Article III hereof; and (iii) Any exceptions approved by Purchaser in writing. (b) Deliver to Purchaser a Texas Owner's Title Policy at Purchaser's sole expense, issued by Heart of Texas Title Company, in Purchaser's favor in the full amount of the purchase price, insuring Purchaser's fee simple title to the Property subject only to those title exceptions listed above, such other exceptions as may be approved in writing by Purchaser, and the standard printed exceptions contained in the usual form of Texas Owner's Title Policy. (c) Deliver to Purchaser possession of the Property; provided however that Seller may remain on the Property as a tenant for a period not to exceed 90 days after Closing upon payment of rent at the rate of $10.00 per day. Purchaser's Obligations 4.02 At the Closing, Purchaser shall pay the cash portion of the purchase price. Prorations 4.03 General real estate taxes for the then current year relating to the Property, shall be prorated as of the closing date and shall be adjusted in cash at the closing. If the closing shall occur before the tax rate is fixed for the then current year, the apportionment of taxes shall be upon the basis of the tax rate for the next preceding year applied to the latest assessed valuation. All special taxes or assessments to the closing date shall be paid by Seller. Closing Costs 3 4.04 All costs and expenses of closing in consummating the sale and purchase of the Property shall be borne and paid as follows: Owner's Title Policy paid by Purchaser; Filing fees for deed paid by Purchaser; Filing fees for release(s) paid by Seller; Title curative matters, if any, paid by Seller; Attorney's fees paid by each respectively. ARTICLE V REAL ESTATE COMMISSIONS It is understood and agreed that the only brokers involved in the negotiation and consummation of this Contract has been and is Don Quick of Don Quick & Associates, Inc, and conditioned upon the closing of the transaction contemplated hereby, a commission in the amount of two (2) percent of the total purchase price shall be payable to Don Quick. This commission is to be payable in cash at the closing. If this Contract is terminated for any reason prior to closing, there will be no commission due or payable hereunder. All real estate commissions occasioned by the consummation of this Contract shall be the sole responsibility of Purchased. Each of the parties represents to the other that it has not incurred and will not incur any liability for brokerage fees or agent's commissions in connection with this Contract other than as set forth in this paragraph. ARTICLE VI ESCROW DEPOSIT For the purpose of securing the performance of Purchaser under the terms and provisions of this Contract, Purchaser has delivered to Heart of Texas Title Company, the sum of Five Hundred Dollars ($500), the Escrow Deposit, which shall be paid by the title company to Seller in the event Purchaser breaches this Contract as provided in Article VIII hereof. At the closing, the Escrow Deposit shall be paid over to Seller and applied to the cash portion of the purchase price, provided, however, that in the event the Purchaser shall have given written notice to the title company that one or more of the conditions to its obligations set forth in Article III have not been met, or, in the opinion of Purchaser, cannot be satisfied, in the manner and as provided for in Article III, then the Escrow Deposit shall be forthwith returned by the title company to Purchaser. ARTICLE VII BREACH BY SELLER 4 In the event Seller shall fail to fully and timely perform any of its obligations hereunder or shall fail to consummate the sale of the Property for any reason, except Purchaser's default, Purchaser may: (1) enforce specific performance of this Contract; (2) request that the Escrow Deposit shall be forthwith returned by the title company to Purchaser; or (3) bring suit for damages against Seller. ARTICLE VIII BREACH BY PURCHASER In the event Purchaser should fail to consummate the purchase of the Property, the conditions to Purchaser's obligations set forth in Article III having been satisfied and Purchaser being in default and Seller not being in default hereunder, Seller shall have the right to (1) bring suit for damages against Purchaser; or (2) receive the Escrow Deposit from the title company, the sum being agreed on as liquidated damages for the failure of Purchaser to perform the duties, liabilities, and obligations imposed upon it by the terms and provisions of this Contract, and Seller agrees to accept and take this cash payment as its total damages and relief and as Seller's sole remedy hereunder in such event. ARTICLE IX MISCELLANEOUS Assignment of Contract 9.01. (a) This Contract may not be assigned without the express written consent of Seller. Survival of Covenants (b) Any of the representations, warranties, covenants, and agreements of the parties, as well as any rights and benefits of the parties, pertaining to a period of time following the closing of the transactions contemplated hereby shall survive the closing and shall not be merged therein. Notice (c) Any notice required or permitted to be delivered hereunder shall be deemed received when sent by United States mail, postage prepaid, certified mail, return receipt requested, addressed to Seller or Purchaser, as the case may be, at the address set forth opposite the signature of the party. Texas Law to Apply 5 (d) This Contract shall be construed under and in accordance with the laws of the State of Texas, and all obligations of the parties created hereunder are performable in Williamson County, Texas. Parties Bound (e) This Contract shall be binding upon and inure to the benefit of the parties and their respective heirs, executors, administrators, legal representatives, successors and assigns where permitted by this Contract. Legal Construction (f) In case any one or more of the provisions contained in this Contract shall for any reason be held to be invalid, illegal, or unenforceable in any respect, this invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Contract shall be construed as if the invalid, illegal, or unenforceable provision had never been contained herein. Prior Agreements Superseded (g) This Contract constitutes the sole and only agreement of the parties and supersedes any prior understandings or written or oral agreements between the parties respecting the within subject matter. Time of Essence (h) Time is of the essence in this Contract. Gender (i) Words of any gender used in this Contract shall be held and construed to include any other gender, and words in the singular number shall be held to include the plural, and vice versa, unless the context requires otherwise. Memorandum of Contract (j) Upon request of either party, both parties shall promptly execute a memorandum of this Contract suitable for filing of record. Dated this day of July, 1998. SELLER: JOYCE CLARK 504 Chisholm Trail Road Round Rock, Texas 78664 6 221 E. Main Street Round Rock, Texas 78664 7 DATE: July 17, 1998 SUBJECT: City Council Meeting - July 23, 1998 ITEM: 10.C.1. Consider a resolution authorizing the Mayor to execute a Real Estate Contract with Joyce Clark and the Estate of Lenzo Clark for the purchase of 0.22 acres of land This property is one of four tracts of land on the west side of Chisholm Trail between Brushy Creek and Hwy. 620, which the City is interested in purchasing for park and tourism purposes. The purchase price is $84,666.66 and the source of the funds is the Hotel Occupancy Tax. Staff Resource Person: Sharon Prete, Parks and Recreation Director. The Chamber of Commerce Tourism Committee, in conjunction with the City, has been working on this project for several years. Adding this property to Round Rock Memorial Park will create an opportunity to construct bronze sculptures depicting a Chisholm Trail Cattle Drive. These works of art titled "Crossing the Brushy at the Round Rock ", will be developed in stages as funds become available through Tourism Committee fund raising efforts. October 1, 1998 CITY OF ROUND ROCK C/O BROWN, McCARROLL, SHEETS & CROSSFIELD 309 E. MAIN STREET ROUND ROCK, TEXAS 78664 RE: Heart of Texas Title Company 6F #: 836698 Property Address: 504 Chisholm Tr. Rd. Enclosed please find the following: Warranty Deed ✓ Owner's Title Policy Deed of Trust Mortgagee's Title Policy Mortgagee's Title Policy Binder Release of Lien Mechanic's Lien Contract Transfer of Lien V Notice Endorsement Assignment Financing Statement L/' Other: We appreciate the opportunity to serve you and will be glad to assist you in any way in regard to your future Escrow and Title needs. If you have any questions, please do not hesitate to contact our office at any time. Sincerely, Enclosures l 9g or - a3 - J3 I RECEIVED (CT 0 6194E HEART OF TEXAS TITLE COMPANY VAL S. VOLK Policy Department 13581 Pond Springs Rd., Ste 106 Austin, Texas 78729 (512) 335 -3651 Fax: (512) 335 -3768 1001 South Mays Round Rock, Texas 78664 512- 255 -1550 • FAX: 512- 255 -2329 Date: p8 Grantor: Joyce Clark CASH WARRANTY DEED , 1998 Grantor's Mailing Address (in uding county): / / S�-I / /� almµ/ 144,1 eaorto ie,tC 7 _ b-1 1 r 6,14/A County Grantee: City of Round Rock Grantee's Mailin Address (in yd CIO •_ IL 1 L= tiJOU ,11 aieriWIN County y PROPERTY (including any improvements): CASH WARRANTY DEED - PAGE 1 ty 301 t. 1110,,t,N, DOC# 9855550 CONSIDERATION: TEN AND NO /100 DOLLARS and other good and valuable consideration. Being the same tract of land conveyed to Lenzo Clark and wife, Joyce Clark in Deed dated July 10, 1952, Recorded in Volume 381, Page 358, Deed Records, Williamson County, Texas, said tract being a part of the J. M. Harrell Survey in Williamson County, Texas, and being a part of that certain tract of two acres described in Deed from W. L.Black, et al to George Clark and Caroline Clark, dated March 31, 1921, recorded in Volume 201, Page 568, Deed Records, Williamson County, Texas and being further described in Exhibit "A" attached hereto. RESERVATIONS FROM AND EXCEPTIONS TO CONVEYANCE AND WARRANTY: Easements, rights -of -way, and prescriptive rights, whether of record or not; all presently recorded restrictions, reservations, covenants, conditions, oil, gas or other mineral leases, mineral severances, and other instruments, other than liens and conveyances, that affect the property; rights of adjoining owners in any walls and fences situated on a common boundary; any encroachments or overlapping of improvements; all rights, obligations, and other natters emanating from and existing by reason of the fFFICIAL RECORDS WILLIAMSON UJLJNTV TEXAS q2 creation, establishment, maintenance and operation of the Brushy Creek Water Control and Improvement District No. 1; taxes for the current year, the payment of which Grantee assumes; and the following specific reservations and exceptions, to -wit: 1. Right -of -way Easement granted to City of Round Rock, Recorded in Volume 1094, Page 775, Official Records, Williamson County, Texas. 2. Right -of -way Easement granted to City of Round Rock, Recorded in Volume 1123, Page 341, Official Records, Williamson County, Texas. Grantor, for the consideration, receipt of which is acknowledged, and subject to the reservations from and exceptions to conveyance and warranty, grants, sells and conveys to Grantee the property, together with all and singular the rights and appurtenances thereto in any wise belonging, to have and hold it to Grantee, Grantee's heirs, executor, administrators, successors or assigns forever. Grantor's heirs, executors, administrators and successors are hereby bound to warrant and forever defend all and singular the property to Grantee and Grantee's heirs, executors, administrators, successors and assigns against every person whomsoever lawfully claiming or to claim the same or any part thereof, except as to the reservations from and exceptions to conveyance and warranty. When the context requires, singular nouns and pronouns include the plural. ACKNOWLEDGMENT STATE OF.y{tS COUNTY OF 11l-1 ANSQIJ This instrument was acknowledged before me on this e2t day of 1998, by Joyce Clark. CASH WARRANTY DEED - PAGE 2 Joycet Clark 1 0 1111 P .' AAA, �%/ jlAc t il1�- Notary Pub ic State of T- 1 PREPARED IN THE OFFICE OF: AFTER RECORDING RETURN TO: Heart of 1001 S. Return To: Round Heart of Texas Title 13581 Pond Springs Rd, Suite 106 Austin, TX 78729 CASH WARRANTY DEED - PAGE 3 Rippy & Whitlow. L.L.P. 213 N. Mays Round Rock, Texas 78664 of the Cour' I ;,'i.iliamson , State of axes - - _ - _ all that amain tract or parcel of land, being a part of the J. M. Harrell ,, "vrve :, r.:.d located :in the town of Round Rook, Williamson County, Texas, and be: ; a part of that certain tract of two acres described in Deed frora'1. L. Dlaok, et al. to George Clark and,Carline Clark, dated March 21, 1;2;, recorded in Volume 201, Page 568, Deed Records of Williamson Cour.t; Texas, and being, described mor artioularly as follower I l 13E0I1riJI2Ja.,at a t a o . the I Ft 0. 1J. fl a' - -: road Right of'eW x; f a B rit Parry to Market Road running YJestefr . he v `F.5:1' , ■7'.1 i;. eriteotj ' '' " ' Mime. in a Northerly dire o qv a Ong; the East lino Of said .'.m :- road Right of Way 76 feet fork e' ONO.iii'1"ing corner hereof; TI-r 7CE in a Northerly dire" 0 ttgt,th at line of said da..: road aiy.ht of Way 76 feet; • " ' ,," i'11. a1C°; it, an ,?asterly direction, perpendicular to said railroad right of :-,a: 125 feet; TII.0 c:1 in a Southerly direction parallel to said railroad : :nt- of -way 76 feet; THENCE in a Westerly direot:on:125 feet to the place of beginn+-tC. TIT • nFT: ±1 Cng,lrr OF r {. EiaM11.ON Th's Is t -a nern Thal lhi' de ^um'nt was FILED and HEC:)nnEn I hp Cll roH ol W." 're.on Co,rrty, m can un the data and time stamped thereon CS V; Lily , Ttras Doc9l 9855550 It Pages: 4 Date : 09- 23 - 19% Time : 01:30:29 P.M. Filed & Recorded in Official Records of WILLIAMSON County, TX. NANCY E. RISTER COUNTY CLERK Rec. t 15 -00 Return To: Heart of Texas Title 13581 Pond Springs Rd, SuIte 106 Austin, TX 78729 Return To: Heart of Texas Title 13581 Pond Springs Rd, SuIte 106 Austin, TX 76729 CA THE STATE OF TEXAS COUNTY OF WILLIAMSON MARITAL AFFIDAVIT DOCU 9855551 KNOW ALL MEN BY THESE PRESENTS: BEFORE ME, the undersigned authority, on this day personally appeared Joyce Clark , to me personally known to be a credible, person, who after being by me first duly sworn according to law, did depose and state,aA follows: (Affiant should check the appropriate boxes and initial on the line provided,] ❑ "I am presently married t5 - whom I married on , 19 My previous marriage(s) are stated below: "I am not presently married, but have been previously, as stated below: ❑ "My first marriage to ,y r_: Ak¢_, P� _ L{, was terminated by death divorce? dated 9W G A' , 19 ❑ "My second marriage to Y L - C( �Ll� on y 2,O 3.„91g, was terminated by eativorce date J'5- , 19 q - 7. ❑ "My third marriage to on , 19 was terminated by death /divorce dated , 19 ❑ " 1 THE STATE OF TEfU{S COUNTY OF�WIIyWAMSON RECORDED In the OOOI�IPublic Reeco�rdsel Williamson County, Tess an the dete and tint stamped thereon. County Clerk Wilhiemsvn County, Tens Return To: Heart of Texa s Titl® Rd, Sidle 106 13581 Pond Springs Austin, TX wino Doc# 9855551 # Pages: 1 Date ¢ 09 -23 -1998 Time ¢ 01¢30¢29 P.M. Filed 8 Recorded in Official Records of WILLIAMSON County, TX. NANCY E. RISTER COUNTY CLERK Rec. $ 9.00 DOC, 9855552 NOTICE TO PURCHASERS OF REAL PROPERTY The real property described below, which you are about to purchase to heated In the BRMBRY CREEK WATER CONTROL AND IMPROVEMENT DISTRICbistrict. The dhGrict hstonngauthorityseism &fromanyotler taxing authority, and may, o,bjeettm voter approval. � an unlimited amount ofbende and levy m unlimited rata oftax In payment efsualt bm& Asofthisdate .tlaerto aflame heviedhyffied mrm4r0P0 lowed intlmdlatddieS °- oaeedhS100ofeas®edvahmtlea lftiiedislricahesaatyetleviedmum. thoma °dmoentpaojeotedmtoofdehtaetvioe tax, eaofffi date 6$ watch $100 t . The totalamea&Inniswhichhasbeenapprovedbythe vetemmdwhich haveheeammaXotthledatgbeiRadt$ • mdtimaggragateinitial principal amoullsofalibondsissuedfor meormmaoftimepeoi facilities ditto district and payable in whole or in part&ompmpmq° ta>em le S The district hes the authority to adopt audit:pose a standby the on property in the districtthat has water,sewer,senitery, or drainage facilities' and services available Ion not eom,eoted and winch does not hive ohmic} building mother improvement Wasted thereon anddemi not substantially =Tao the utility capacity available to the property. The district may eacgalsa the authority withal holding en elation m the matter. As of this dale, the amount of the standby the is $ , An unpaid standby The is apersonal obligation ofthe person that owned the property et the time of imposition and is secured bya Em oath; property. Any person may request a certificate from the district stating the amotnn, if any, of unpaid standby fees on a tact of propeaty in the district. Thepwposeoftlisdi *ictiemprovidewater.sewer, drainage, mgaedmmralfam78imado tom ibinthedIstricultroughthe Waimea ofbondspayable in whole min part from property taxes. The cost of there utility facilities is not molded In the purchase price of your property, and these utility fad are owned cote be owned by the drmries. The legal description ofthe property which you are acquiring Is as follows 0.22 acres of the J.M. Harrell Surv., Abs. No 284, WCT August 31, 1998 Data Joyt August 31, 1998 Date Signature of Seller PURCHASER IS ADVISED THAT THE INFORMATION SHOWN ON THIS FORM IS SUBJECT TO CHANGE BY THE DISTRICT AT ANY TIME. THE DISTRICT ROUTINELY ESTABLISHES TAX RATES DURING THE MONTHS OF SEPTEMBER THROUGH DECEMBER OF EACH YEAR EFFECTIVE FOR THE YEAR IN WIIICH THE TAX RATES ARE APPROVED BY THE DISTRICT. PURCHASER IS ADVISED TO CONTACT THE DISTRICT TO DETERMINE THE STATUS OF ANY CURRENT OR PROPOSED CHANGES TO THE INFORMATION SHOWN ON THIS FORM. The undersigned purchaser hereby acknowledges receipt of the foregoing notice at or prior to execution of a binding crotch for the purchase of the real property described n such notice cot closing of purchase of the real property. Signature of Purchaser Ai R . eete, City Attorney (Now Con= district name. cox rate, iced emoum. standby fee amount, and legal description are to ba placed inthe appropriate space. Except for notices included as an addendum or paragraph of a purchase contract, the notice shall he mewed by the seller end purchaser, as indicted lithe district does not propose to provide one or MOM of tho specified facilities and services, the appropriate purpose maybe eliminated. If the district has not yet levied taxes, a statement efthe ditriers most •.. a.,s.n Ifthcdistrict does not have approval from the commission to adopt and impost • THE STATE OF TEXAS COUNTY OF WIWAMSON This Is to certify that this document was FILED and Williamson County, Official exas no the date and time slammed thereon. County son Caunly, Terms Return To: Heart of Texas Title 13581 Pond Springs Rd, Suite 106 Austin, TX 78729 Doc# 9855552 # Pages: 1 Date o 09 -23 -1998 Time a 01:30:29 P.N. Filed 8 Recorded in Official Records of WILLIAMSON County, TX. NANCY E. RISTER COUNTY CLERK Rec. $ 9.00 ISSUED By COMMONWEEDH LEND Tr= INSURANCE COMPANY Commonwealth Your Title Insurance Policy is a legal contract between you and Commonwealth Land Title Insurance Compa- ny. This policy Is not an opinion or report of your title. It isa contract of indemnity, meaning a promise to pay you or to take other action If you have a loss resulting from a covered title risk. It applies only to an improved one- to-four family residen- tial property or condominium unit If your land isnot either of these, contact us Immediately. Su PolizadeSeguro de Titulo es un contrato legal entre usted yCommonwealth Land Title Insurance Company. Este poliza noes una opinion o reporte en relation a su tftulo de propledad. Es un contrato de Indemniicacion, estoes, la promesade reembolsarieodetomercuatquler otrotipo de action si usted sufre unaperdtda Como resul- tedo de cualquler rlesgo cublerto por la poliza. Este forma de poliza ha sido designada pare ser utilize da exciusivamente en los trios de propiedades on las cuales hay construldas viviendas para no mas de cuatro families o en loscasos de unidades en condominlos. SI su propledad noes ninguna de las anterlores, par favor, notiflquenos inmediatamente. We insure you against certain risks to your land title. We list these risks on page 2. The following limit your coverage: • Exclusions on page 2. • Exceptions on Schedule B. • Conditions on pages 2 and 6. OWNER'S INFORMATION SHEET TEXAS RESIDENTIAL OWNER POLICY OF TITLE INSURANCE ONE-TO-FOUR FAMILY RESIDENCES You should keep the policy even If you transfer the title to your land. If you want to make a claim, see Section 3 under Conditions on pages 2 and 6. You do not owe any more premiums for the Policy. This sheet Is not your Insurance Policy. It is only a brief outline of some of the important Policy features. The Poli- cy explains in detail your rights and obligations and our rights and obligations. The policy — and not this sheet — is the legal document. Residential Owner Policy of TItle Insurance Ti - R Coverage Page Form 1186 -1 (1.1 -93) YOU SHOULD READ THE POLICY VERY CAREFULLY. THE TOLL -FREE NUMBER OF COMMONWEALTH LAND TITLE INSURANCE COMPANY IS 1-800-925-0965. YOU MAY CALL THIS NUMBER TO DISCUSS THIS POLICY OR TO MAKE A COMPLAINT. YOU MAY WRITE TO COMMONWEALTH LAND TITLE INSURANCE COMPANY AT THE ADDRESS IN SECTION 3 UNDER CONDITIONS ON PAGE 2. Page 1 ORIGINAL Valid only If Coverage Statement and Schedules A and B are attached. COMMONWEALTH LAND TITLE INSURANCE COMPANY Commonwealth TABLE OF CONTENTS OWNER'S COVERAGE STATEMENT 3 COVERED TITLE RISKS 2 OUR DUTY TO DEFEND AGAINST COURT CASES 3 SCHEDULE A 4 POLICY NUMBER, DATE AND AMOUNT 4 1. Name of Insured 4 2. Interest In Land Covered 4 3. Description of the Land 4 SCHEDULE B - EXCEPTIONS 5 EXCLUSIONS 2 CONDITIONS 2 and 8 1. Do6Ntlons 2 2. Continuation of Coverage 2 3. You Duties ff You Make a Claim 2 and 6 4. Our Cholass When you Notify Us of a Claim 8 5. Hendtlng a Claim or Court Case e 6. Limitation of Our Liability 6 7. Transfer of Your Rights 8 6. Arbitration 8 B. Entire Contract Provision 6 10. Complaint Nance 8 COVERED TITLE RISKS This Policy covers the following title risks subject to the Exceptions (p. 6) and Exclusions (p.2), if they affect your title to the land on the Policy Date. We do not promise that there are no covered risks. We do Insure you If there are covered title risks. 1. Someone else owns an Interest In your title. 2 Adocwned s hwald becauseof Improper =mature, ac delivery, or recording. 3. Adocument Is Invalid because of forgery, fraud, duress, Incompetency, Incapacity or impersonation. 4. Restrldive covenants apply to your title. 6. There is a lien on your title because of • a mortgage or deed of trust, • a judgment, tax, or special assessment, or • a charge by a homeowner's or condominium association. 8. There are liens on your title for labor and material which have their Inception before the policy date. However, we wit not cover liens for labor end material that you agreed to pay for. 7. Others have rights In your Ole arising out of leases, contracts or options. B. Someone else has an easement on your land. 9. You do not have good and Indefeasible We. 10. There are other defects In your title. 11. There are other [lens or encumbrances on your title. TMs Policy also covers the following title risk: You do not have any legal right of access to and from the land. EXCLUSIONS In addition to the Exceptions In Schedule B, we do not insure you against loss, costs, attorney's fees, and expenses resulting from these Exclusion= 1. Wedorxxmver loss caused bythe exercise of governmental poncepower or the enforcement or violation of any law or government regulation. This in- cludes building and zoning ordinances and lawsend regulationsooroemsg: a. Lend use b. Improvements on the land c. Land division d. Environmental protection This exclusion does rah apply to notices of violations or notices of enforce - mentthat appear in the public records at Policy Date. However, there maybe an Exception in Schedule B. 2. We do not cover the right to take the land by condemning it, unleea: a. a notice of exercise of the right appears in the pubic records on the Polley Data, or Page 2 b. the taking happened before the Poky Date and is binding on you if you bought the land without knowing of the taking. 3. We do not cover title risks: a. that are created, allowed, or agreed to by you, b. that are know to you, but not to us on the Policy Date unless they ap• peered In the pubic records, o. that result In no loss to you, or d. thee first affect you title after the Policy Date - this does not limb the labor and material lien coverage In Item 8 of the Covered Title Risks. 4. We do not cover the effect of failure to pay value for your title. 5. We do not cover lack of a right: a to any land outside the area specifically described and referred to In item 3 of Schedule A, b. In streets, alleys, or waterways that touch your land. This exclusion does not emit the access coverage in the Covered Title Risks. 6. We do not cover any claim based upon allegations that your purchase of title (or acquisition of title by gift or otherwise): a was a fraudulent conveyance, fraudulent transfer, voidable distribu- tion, or voidable dividend; b. should be subordinated or reclaracterized as a result of equitable suborcllnatlon; O. was a preferential transfer unless (1)the Company or is Issuing agent failed to timely file for record the deed to you after delivery or (2) the recordation of the deed to you is not legal record notice. (We do cover dretwotypesof claims described In (1) andc.(2)ebove.) 7. We do not cover the refusal of any person to buy, lease or lend money on your land because of =marketability of the title. 6. We do not cover claims concerning the physical condition of your land or of the access to your land. CONDITIONS 1. DEFINITIONS a Actual Loss. This lathe dNfererrce between the value of your land without the covered tale risk widths value of your land with the covered title risk. These vanes erethe respective values at the time you must furnish proof of your loss. b. Document. A deed or other conveyance of title to you ore prior owner. c. Easement. A portion of your land someone else has the right to use for a special purpose. d. Government Regulation. Any federal, state, or local law, corstltWonal provision, regulation, ordinance, or guideline. a Land. The land or condominium unit described in Schedule A and any in- provements on the land that are real properly. f. Knowledge or known. Actual knowledge, not constructive knowledge or notice that may be imputed to an Insured by the public records. g. Mortgage. Atype of tenon the land such as a deed =bust oroterseraslly Instrument. h. Public Records. Those records required by Texas law and maintained by pubic officials in the county wberet epropertyis loaded that give legal notice of matters affecting you tale. I. Title. The ownership Interest In the lend, as shown In Schedule A. j. We, us or our. The title Insurance company. This is Ccmnonwealth Lend Title Insurance Company. k. You, your. The Insured. 2. CONTINUATION OF COVERAGE We insure you as long as you: a own your Title, b. own a mortgage from anyone who buys your Title, or c. are liable for any Title warranties you make. We insure anyone who receives your title because of your death. , We do not Insure your transferee or assignee. 3. YOUR DUTIES IF YOU MAKE A CLAIM You must follow this process to make a claim: a You Must Give Us Notice Of Your Claim I anyone claims a rights against your Insured title, you must notify us promWy. Send the noticeto Commonwealth Land Tile lnsuranceCompany,12201 Merit Drive, Suite 460, Dallas, TX 75251 or call 14300-925-0965 and ask for e claims attorney. If you Initially notify us by phone, we recommend that you also notify us In writing. Please include the Polley number shown In Schedule A, and the county where the land s. lamp BY COMMONWEALTH LAND T is IIMUHANCE COMPANY Commonwealth OWNER'S COVERAGE STATEMENT This Policy insures your title to the land described in Schedule A —if that land isaone to- tourfamily residential property or condominium unit. Your insurance, as described in this Coverage Statement, Is effective on the Policy Date shown in Schedule A. This document is title insurance. It Is not an opinion or report of your title. it is a contract of indemnity, meaning a promise to pay you or take other action if you have a loss resulting from a covered title risk. Your insurance under this contract Is limited by the following: • Exclusions on page 2. • Exceptions in Schedule B, page 5. • Conditions on pages 2 and 6. We insure you against actual loss resulting from: • Any title risks covered by this Policy — up to the Policy Amount, and • Any costs, attorneys' fees and expenses we have to pay under this Policy. We must approve the attorney be- fore the attorney begins to work. You have the right to disapprove our choice of attorney for reasonable cause. Residential Owner Policy of Title Insurance T -1 R Face Page (1 -1-83) Form 1186 -2 OUR DUTY TO DEFEND AGAINST COURT CASES We will defend your title in the part or parts of a court case Involving a Title Risk covered by this Policy. We will pay the costs, attorneys' fees, and expenses that we incur in that defense. We will not pay for the parts of a case not involv- ing a covered title risk. You may disapprove our choice of attorney for reasonable cause. We can end this duty to defend your title by exercising any of our options listed in Item 4 of the Conditions, see page 6. This Policy is not complete without Cover Page and Schedules A and B. COMMONWEALTH LAND TITLE INSURANCE COMPANY Page 3 ORIGINAL TEXAS RESIDENTIAL OWNER POLICY OF TITLE INSURANCE ONE - To - FouR FAMnx RESIDENCES POUCY NUMBER 185 - 189156 By: Chairman and Chief Executive Officer Attest: Secretary GF NO.: 836698 -CH POLICY #: 185- 189756 SIMULTANEOUSLY WITH POLICY #: PROPERTY CODE: T1 COUNTY: Williamson AMOUNT OF INSURANCE: $84,666.66 DATE OF POLICY: September 23, 1998 at 1:30pm RATE RULE(S) /CODE(S): PREMIUM(S): R3 NAME OF INSURED: City of Round Rock HEART OF TEXAS TITLE COMPANY 1001 SOUTH MAYS ROUND ROCK, TX 78664 512 -255 -1550 $ 872.00 TOTAL: $ 872.00 COMMONWEALTH LAND TITLE INSURANCE COMPANY TEXAS RESIDENTIAL OWNER POLICY OP TITLE INSURANCE ONE -TO -FOUR FAMILY RESIDENCES Policy Number: 185- 189756 Policy Date: September 23, 1998 at 1:30pm Policy Amount: $84,666.66 Premium: $872.00 1. Name of Insured: City of Round Rock SCHEDULE A 2. We insure your interest in the Land covered bj' this Policy is: Fee Simple 3. Legal Description of Land: File Number: 836698 -CE BEING THE SAME TRACT OF LAND CONVEYED TO LENZO CLARK AND WIFE, JOYCE CLARK IN DEED DATED JULY 10, 1952, RECORDED IN VOLUME 381, PAGE 358, DEED RECORDS, WILLIAMSON COUNTY, TEXAS, SAID TRACT A PART OF THE J. M. HARRELL SURVEY IN WILLIAMSON COUNTY, TEXAS, AND BEING 1. PART OF THAT CERTAIN TRACT OF TWO ACRES DESCRIBED IN DEED FROM W. L. BLACK, ET AL. TO GEORGE CLARK AND CAROLINE CLARK, DATaU MARCH 21, 1921, RECORDED IN VOLUME 201, PAGE 568, DEED RECORDS, WILLIAMSON COUNTY, TEXAS AND BEING FURTHER DESCRIBED IN EXHIBIT "A" ATTACHED HERETO: Texas Residential Owner Policy T -1R (Rev. 1 -1 -93) Schedule A Page 4 ORIGINAL HEART OF TEXAS TITLE COMPANY COMMONWEALTH LAND TITLE INSURANCE COMPANY d • of the Cold 1 :'illiamaon , State of 3X56 "— „ aO that cattalo tract or parcel of land, being a part of the J. M. DIarrell "urve;, n..d located in the town of Round Rook, Williamson County, Texas, and be: a port of that certain tract of two acres described in Deed from I. 7.. Black, at al. to oeorgo Clark and Carline Clark, dated March 21, 1�:.'. recorded in Volume 201, Page 568, Deed Records of Williamson Court:., Texas, and being. described more artioularly as folloras: D OIIh1WLO..at a o t w > d = „rs o the I. f: O. la. Ra :. - road Right afV..lda . 1 :.i.'. :,1' N, `;i 7_ ent Farm to Market ' j Road running dlest"'frotd he :,d,: ;c4..:; . I' ereeath:V THENCE in a Northerly direa ona ong, the East lino Of acid ^_7- road Ri Eht of Way 76 feet for9fIre' tig 7.. iniiingkaorner hereof; TIC:,FCE in a Northerly dire' 't''dre ai aat line of said Ilb. -- road ;'i :;ht of flay 76 feet; • ": .: ":i■ TU.7TC:; ii, an 7asterly direction, perpendicular to said railroad riche of ern; 125 feet; TII -N in a Southerly direction parallel to said railroad r.',::::t- • j of -way 76 feet; THENCE in a Westerly direotion,125 feet to the plane of beginning. THE STATE OF TEXAS COUNTY OF WIL11AMSON This Is to certify that this document was FILED and RECORDED In the Official Public Records of Williamson Calmly, Texas on the data and time stamped thereon. County Clark Williamson County, Texas Doc# 9855550 # Pages: 4 Date : 09 -23 -1998 Time a 01 :30 :29 P.M. Filed & Recorded in Official Records of WILLIAMSON County, TX. NANCY COUNTYECLERKTER Rec. $ 15.00 Texas Residential Owner Policy T -IR (Rev. 1 -1.93) Cc" Iule B SCHEDULE B File Number: 836698 - CH EXCEPTIONS FROM COVERAGE We do not cover loss, costs, attorney's fees and expenses resulting from: 1. Exception Number 1 is hereby deleted. 2. Any discrepancies, conflicts, or shortages in area or boundary lines, or any encroachments or protrusions, or any overlapping of improvements. 3. Homestead or community property or survivorship rights, if any, of any spouse of any insured. 4. Any titles or rights asserted by anyone, including but not limited to, persons, the public, corporations, governments or other entities, a. to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays, gulfs or oceans, or b. to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or c. to filled -in lands, on artificial islands, or d. to statutory water rights, including riparian rights, or e. to the area extending from the line of mean low tide to the line of vegetation or the right of access to that area or easement along and across that area. 5. Standby fees, taxes and assessments by any taxing authority for the year 1998, and subsequent years, and subsequent taxes and assessments by any taxing authority for prior years due to change in land usage or ownership. 6. The following matters and all terms of the documents creating or offering evidence of the matters (We must insert matters or delete this exception): a. Right -of -way Easement granted to City of Round Rock, Recorded in Volume 1094, Page 775, Official Records, Williamson County, Texas. b. Right -of -way Easement granted to City of Round Rock, Recorded in Volume 1123, Page 341, Official Records, Williamson County, Texas. c. The rights of BRUSHY CREEK WATER CONTROL AND IMPROVEMENT DISTRICT NO. 1 to levy taxes and issue bonds as set out in information filed by said district in the records of the County Clerk of Williamson County, Texas. (This is for informational purposes only) d. Any visible and apparent easements and all underground easements, the existence of which may arise by unrecorded grant or by use. e. Section 14 of the Conditions and Stipulations of this policy is hereby deleted. HEAR OF � TEEXAS TITLE COMP Page 5 ORIGINAL By: Heart of Texas Title ' 13681 Pond Springs Ad; Suite 106 Austin, TX 78729 Policy Number: 185- 189756 Authorized Countersignature Our obligation to you Is reduced or ended it (1) you fail to give prompt notice, and ( 2) your failure affects our abilityto depose ofortodefendyou against the Claim. Our obligation is reduced on ytothe extentthat your failure affects our abil- ity to dispose of or to defend you against the claim. b. You Must Give Us Proof of Your Loss If We Request B You mustsend to us, if weregtrest, your signed Woof of loss within 81 days of our 'squeal onastardardfomssupptidbyus .Within15daysafterwereceive your notice of claim, we must request a signed proof of loss. If not, we waive our right to require a proof of loss. This waiver wit not waive our other rights underthe policy. The statement must havethe following Information to the best of your knowledge: (1) the Covered Title Risks which resulted In your loss, (2) the dollar amount of your loss, and (3) the method you used to compute the amount of your loss. c. You Must Provide Papers We Request. We may require you to show us your records, checks, letters. contracts. and other papers that relates your claim of loss. We may make copies of these papers If you tell us this information Is confidential, we will not disclose it to any- one else dmiesa we reasonably believe the disclosure Is necessary to administer the claim. d. You Must Answer Questions Under Oath. We may require you to answer questions under oath. e. Effect of Failure to Cooperate. Ow obligation to you reduces or ends If you fag or refuse to: ( (a) provide a statement of loss, (b) answer our questions under oath, or (c) show us the papers we request, and (2) your failure or refusal effects our ability to dispose of or to defend you against the claim. 4. OUR CHOICES WHEN YOU NOTIFY US OF A CLAIM a. Aharwe receive your claim noncom in any other way learn of a matter for which we are liable, we can do one or more of the following: (1) Pay the claim against your title. (2) Negotiate a settlement. (3) Prosecute or defend a court case related to the claim. (4) Pay you the amount required by this Policy. (5) Take other action under Section 4b. (6) Cancel this policy by paying the Policy Amount, than In force, and only those costs, attorneys' fees and expenses incurred up to that time that we are obligated to pay. We can choose which of these to do. b. If you report to us that a covered title risk exists, we will promptly inves- tigate to determine If that covered title risk Is valid and not barred by law or sta- tute. Adovered title risk is a title risk that this Policy does not exclude or except. If we conclude that your claim, or any part of your claim, Is covered by the policy, we will take one or more of the following actions to the extent that it is covered: (1) Institute all necessary legal proceedings to clear the title to the properly: (2) Indemnify you pursuant to the terms of the policy; (3) Issue a new title policy without making exception to the covered title risk. If another Insurer Issues the new title policy to your purchaser, lender or other transferee without making exception to the covered this risk, we will In- demnity the other Insurer. (4) Secure a release of the covered title risk. c. If we deny your claim, or any part of your claim, not more than 15 days af- ter we deny the claim, we will: (1) notify you In writing, and (2) give you the reasons for denial of your claim In writing. 5. HANDLING A CLAIM OR COURT CASE You must cooperate with us in handling any claim or court case and give us all relevant information. We must repay you only for those settlement coats, attorneys' fees and ex- penses that we approve In advance. When we defend or sue to clear your title, we have a right to choose the at- torney. You have the right to disapprove our choice of attorney for reasonable Texas Residential Owner Policy of TNe Insurance T-1R Form B1186-1 Page 6 Cause. We can appeal anydeolston to the highest court. We do not have to pay your clefs until your case Is finally decided. We do not agree that the matter Is a Covered title risk by defending. S. LIMITATIONS OF OUR LIABW7Y Our liability Is limited by the following: a. we will pay up to your actual loss or the Policy Amount In force when the claim is made — whichever Is less. b. If we remove the claim again tyourtitlewithrembledmgenceorteke other action urderthis policy after receiving notice of ft, we will have no further liability for IL c. Allpeymenlswe make undert is policy — except forcoss, attorneys' fees and expenses — will be subtracted from your Policy Amount. d. If the Covered Title Risk lean easement. we may pay an Inured mortgage holder instead of paying you when a written agreement between you and the mortgage holder allows. If the claim Involves another Covered Title Risk, we may pay the mortgage holder Instead of paying you. The amount paid to the mortgage holder is considered a payment to you under your policy and will be subtracted from your policy amount e. If you do anything o affect any right of recovery ordefenseyou may have, we can subtract from our liability the amount by which you reduced the value of that right or defense. But we must add beck to our (lability any amount by which our expenses are reduced as a result of your action. 7. TRANSFER OF YOUR RIGHTS When we settle a claim, we have all the rights you had against any person or property related o the claim. You must transfer these rights to us when we ask, and you must not do anything to affect these rights. You must let us use your name In enforcing these rights. We will not be liable to you If we do not pursue these rights or If we do not recover any amount that might be recoverable. With the money we recover from enforcing these rights, we will pay whatever part of your loss we have not paid. We have a right to keep what is left. fl. ARBITRATION. If it is permitted under Texas or federal law, you and we may agree to arbitra- tion when you fee a claim. The arbitration may decide any matter In dispute between you and us. Arbitration Is one means of alternative dispute resolution. It may lessen the time and cost of claims settlement. You may wish to consider another form of mediation or use the court system. If you choose arbitration, you may give up some discovery rights and your right to sue. The arbitration award may: e. Include attorneys' fees If allowed by state law, and/or b. be entered as a Judgment In the proper court. The arbitration shall be under the Title Insurance Arbitration Rules of the American Arbitration Association. You may choose current Rules or Rules in existence on Policy Date. The law used In the arbitration Is the law of the place where the property is located. You can get a copy of the Rules from us. 9. ENTIRE CONTRACT PROVISION This policy and any endorsements we attach are the entire contract between you and us. Any claim you make against us must be under this Policy and is subject to Its terms. 10. COMPLAINT NOTICE Should any dispute arise about your premium or about a claim that you have filed, contact the agent or write to us. OUR TOLL-FREE NUMBER IS 1-800- 925 -0965. If we do not resolve the problem, you also may write the Texas Department of Insur- ance, P.O. Box 149091, Austin, TX 78714-9091, Fax No. (512) 475 -1771. THE TOLL -FREE NUMBER FOR THE TEXAS DEPARTMENT OF INSURANCE IS 1-800. 252 -3439. This notice of complaint procedure is for information only. It does not become a part or condition of this policy. TEXAS RESIDENTIAL OWNER POLICY OF TITLE INSURANCE ONE — To - FOUR FAMILY RESIDENCES d