HomeMy WebLinkAboutResolution - 2010-R0309 - Land Acquisition - H.V. Wheeler Partnership For Lake Alan Henry Pipeline - 07_08_2010Resolution No. 2010-RO309
July 8, 2010
Item No. 5.9
RESOLUTION
WHEREAS, the City of Lubbock, Texas, a Home Rule Municipality located in
Lubbock County, Texas, has determined and does hereby determine that the public needs,
safety and welfare demand and create a public necessity for the acquisition of additional
land for municipal public use and purposes, to -wit: for the Lake Alan Henry Pipeline
Project, and the City Council of said City finds it in the public interest and for public
purposes and municipal purposes to proceed with the acquisition of lands as needed for
such purposes as aforesaid; NOW THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
SECTION 1. THAT the fee simple title to the tracts of land further described in
Exhibit "A" and attached hereto, be acquired for public purposes and municipal purposes
as set forth in the preamble hereof.
SECTION 2. THAT the owner of said tracts, being the H.V. Wheeler
Partnership, a Texas general partnership, BE offered through the Right -of -Way
Department of the City of Lubbock the amount of $16,484.90, and unless accepted
forthwith, the City Attorney of said City of Lubbock is hereby authorized and instructed
to institute condemnation (eminent domain) proceedings to acquire the fee simple title of
said tracts.
Passed by the City Council this July 8 , 2010.
4W,�
TOM MARTIN, MAYOR
ATTEST:
Reb4cca Garza, City Secretary
PROVED AS TO CONTENT:
,7
Reed, P.E. Chief
Z)" /e ms.
(Dave Booher, Right -of -Way Agent
May 21, 2010
�' Fidelity National Title Insurance Company
Policy No.: TX0297-82-20094854L-2011.8239843-84554542
OWNER'S POLICY OF TITLE INSURANCE (T-1)
Issued by
Fidelity National Title Insurance Company
An,y notice of claim and auy otlier notice or statement in writing required to be given the Company under this Policy most be
given to the Company at the address sl�own in Section 18 of the Conditions.
COVERED RISKS
SUBJECTTO THE EXCLUSIONS FROM COVERAGE, THL EXCEPTIONS FROM COVERAGE CONTAINED IN SCiIF.DULE B
AND THE CONDITIONS, PIDELITY NATIONAL TITLE INSURANCE COMPANY, a California corporation (the "Company")
insures, as of Date of Policy and, to the extent stated in Covered Risks 9 and 10, after Date of Policy, against loss or damage, not
exceeding the Amount of Insurance, sustained or incurred by the Insw�ed by reason of:
1. Title being vested other than as stated in Schedule A.
2. Any defect in or lien or encumbrance on the Title. This Covered Risk includes but is not limited to insurance against loss from:
(a) A defect in the Title caused by:
(i) forgery, fraud, undue inFluence, duress, incompetency, incapacity or impersonation;
(ii) failure of any person or Entity to have authorized a h�ansfer or conveyance;
(iii) a document affecting Title not properly a•eated, executed, witnessed, sealed, acknowledged, notarized or delivered;
(iv) failure to perform those acts necessary ro create a document by electronic means authorized by law;
(v) a document executed under a falsified, expired or other�vise invalid power of attorney;
(vi) a document not properly filed, recorded or indexed in the Public Records including failure to perform those acts by
electronic means authorized by law; or
(vii)a defiective judicial or administrative proceeding.
(b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable, but
unpaid. -
(c) Any encroachment, encumbrance, violation, variation, or adverse circumstance affecting the Title that would be disclosed
by an accurate and complete land survey of the Land. The term "encroachmenP' includes encroachments of existing
improvements located on the Land onto adjoining land, and encroachments onto the Land of existing improvements located
on adjoining land.
(d) Any statutory or constitutional mechanic's, contractor's, or materialman's lien for labor or materials having its inception on
or before Date of I'olicy.
3. Lack of good and indefeasible Title.
4. No right of access to and fi•om the Land.
5. The violation or enforcement of any law, ordinance, pennit, or governmental regulation (including those relating to building and
zoning) restricting, regulating, prohibiting or relating to:
(a) the occupancy, use or enjoyment of the Land;
(b) the character, dimensions or location of any improvement erected on the Land;
(c) subdivision of land; or
(d) environmental protection
if a notice, describing any part of d�e Land, is recorded in the Public Records setting forth the violation or intention to
enforce, but only to the extent of the violation or enforcement referred to in that notice.
6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the
enforcement action, describing any part of the Land, is recorded in the Public Records, but only to the extent of the
enforcement referred to in that notice.
7. The exercise of the rights of eminent domain if a notice of the exercise, describing any part of the Land, is recorded in the Public
Records.
8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Kno�vledge.
9. Title being vested other than as stated in Schedule A or being defective:
(a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy, of a transfer of all or
any part of the title to or any interest in the Land occun•ing prior to the transaction vesting Title as shown in Schedule A
2739843 (2/10) Owner's Policy of Title [nsurance T-1 (2/O1/10)
because that prior transfer constituted a fraudulent or preferential u•ansfer under federal bankruptcy, state insolvency or
similar creditors' rights laws; or
(b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal
bankruptcy, state insolvency or similar creditors' rights laws by reason of the failure of its recording in the Public
Records:
(i) to be timely, or
(ii) to impart notice of its existence to a purchaser for value or a judgment or lien creditor.
10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created
or attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of
the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule A.
The Company �vill also pay the costs, attorneys' fees and expenses incun•ed in defense of any matter insw•ed against by this Policy,
but only to the extent provided in the Conditions.
Fidelity National Title Insurance Company
Authorized Signatory
Paige Huckaby
.�..
�SEAL
b
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(�g��a n.� �A, �
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TX0297 20094854L
Garza Abstract
217 W Main
Post, TX 79356
Tel: (806) 495-2750
Fax: (806) 495-0551
2739843 (2110) Owner's Policy ofTitle Insurance T-1 (2l01110)
Policy No.: 8239843-84554542 File No.: 20094854L
OWNER'S POLICY OF TITLE INSURANCE (T-1)
Issued by Fidelity National Title Insurance Company
��d:T��l�l�
Amount of Insurance: $ 16,484.90
Date of Policy: December 29, 2010
Issued with Policy No.
Premium: $ 274.00
Date of Issue: October 18, 2011
Address for Reference Only: Wheeler Property Post,1'X 79356
1. Name of Insured: City of Lubbock, Texas
2. The estate or interest in the Land that is insured by this policy is: �j�g� ��qf�fl� Easement
Title is insured as vested in: City of Lubbock, Texas
4. The land referred to in this policy is described as follows:
Field Notes describing the centerline of a Sixty-Foot (60') wide permanent pipeGn easement being located in a
269.2 acre tract of land out of Secdon 1259, J. H. Gibson Survey, Gana County, �x s and said pipeline centerline
being described as Parcel No. 35 on E�rhibit "A" attached hereto and incorporat� he ein by this reference.
NOTe: u
The Company is prohibited from insuring the area or quantity of the land described herein. Any statement in the above legal descri 'on of the area or quantity of land is not a
representation that such area or quantity is correct, but is made only for infomiational and/or identification purposes and dces not override 1 2 of Schedule B hereof.
Fidelity National Title Insurance Company
Page 1
Resolution No. 2010-R0309
EXHIBIT A
page lot 3 35
I
M1hvr Smolhvocd I
Vn/.25/Pp,104/_ 5 $8.00'54' E 2641.7'
�Q F0. CONc. MON, IT. ca►+c, uoN.
00 AC. j,.
r1ZA0r .try
Ea
41101 �\
� ���60rPwtwnwv 3 rJ i
E05NJAl'lil ,
ic�1 ��� •� M. 299 ft 3Z7
/93.94 Rod.5 - Permar"V EstI "* Glen a Br0.sch
IN \ �\\fq.4i,4t�-Perms SM o N V04153 Pg.211
I
N
269.2 AG . 4-
6615 I -ON 1 259 �� �., �M .
J- N...&11 L350N SURVEY �•,', �'
GARZA 'G0UN1-Y, TEXASWT
•- rug Cbns7.Esmf. �Ir" �•-� 30' . � o:�.
! °t 4.41 �
,� �177443,46
��� X-W4052T.84
2 1 i
12 1260
Ro oNe...............:.:.S ..g�®o9�is��. z .3, ...................... .......
o';i; ROD ONEAUT SIDE
! E 64 9 Fp Corgi 217
�- Sol ''Vz" Rod W/E:cp ! 250
.4 legaldescrlption of even survey data herewith
accompanies this sur vay plot.
5jLrvqyod on the r M MaY,
Registered( F)Fo(essionoiLand Sur
f)otei 7 W _se7
AllNortiungs and Eosdngs shown are p"�, rr
and marr be oonvertad to Texas StofF1 A
North ('entralZone, NAD03 by dividing by
odjuulment factor of 1.000239ti
Alldistances shown are surface distances.
Beorings shown are ggrid bearings hosed on the Tcxoe
State Plane Coordlnale System, North central Zone,
NA083 Datum,
This survey and o1lMornwtion hereon is ter the sweludve use of
CITY OF LUBBOCK
and afioenot be cc*d at used etcepl for the purpas,u (or Which
it is asproo4ly furnished. INi % droAng and ollccplen 1portidof
co nplcle) shoots• retUrned to the owner upon drenopd.
1 tft'N M I'51WS OORS K
SJ.Ie 70101151. art[ Ms. • uAt M iw, 724V
facet > &W" • ra we M-We
�i
EXHIBIT "A"
Page 2 of 3 .
PARCEL NO.35
M.Y. WHEELER PARTNERSHIP
Field Notes describing the centerline of a Sixty -Foot (601 wide permanent pipellne easement being
located In a 269.2 acre tract of land out of Section 1259, 3.H. Gibson Survey, Garza County, Texas
and said pipeline centerllne*being described as follows;
Beginning at a 'fi" iron rod with cap, set on the West right of way line of a sixty -foot county road, for
the beginning of this description, from whence a 4"x4" concrete monument found for the Southeast
comer of Section 1259, bears South 88001'16' East, a distance of 30.00 feet and South 11,59,18,
West, a distance of 515.59 fleet; said point of beginning having a project.coordinate of Y
717744J,46 and X - 1040522.84;
Thence along the arc.of a curveta the left and being the canterilne of said Sixty -.Foot (60') wide
permanent pipeline easement, an are distance of 57.04 feet to a point for the end of this curve, said
curve having a radius of 575.00 feet and a delta angle of 541'02%
Thence North 68005'46" West, along the centerline or said Sixty -Foot (60� wide permanent pipeline
easement, a distance of 171.66 feet to the beginning of a curve to the right;
Thence along the arc of a curve to the right and being the centerline of said Sixty -Foot (6" wide
permanent pipeline easement, an arc distance of 172.47 feet to a point for the end of this curve, said
curve having a radius of 575.00 feet and a delta angle of 17011'08%
Thence North SW54138" West, along the centerline of said Sixty -Foot (60') wide permanent pipeline
easement, a distance of 26387.92 feet to the beginning of a curve to the left;
Thence along the arc of a curve to the left and being the centerline of said Sixty-i=oot (601 wide
permanent pipeline easement, an arc distance of 10.99 feet to a 1/a" iron rod with cap, set on the East
line of a 100 acne tract as described In Volume 251, Page 1041, Deed Records of Garza County, Texas,
for the end of this description, said curve having a radius of 575.00 fleet and a delta angle of 19051420,
whence a 8"x8' concrete monument found for the center corner of Section 1259, bears North 1058'45"
East, a distance of 301.64 feet.
Containing 193.94 rods. (4.41 acres)
The above described sbcty foot (60� wide permanent pipeline easement is also -subject to a sixty foot
(60') wide temporary construction easement being parallel and adjacent to said permanent pipeline
easement, located and shown on the accompanying survey plat and said temporary construction
easerent contains 4.41 acres of land. The said temporary construction easement shall expire as noted
in the easement agreement.
HIGH -TEE LAND AND GNSURVEYORS, DVC
3330-70th St, Suite 202 • Lubbock. Texas 79413
(806) 788-0020 • Fax (806) 792-16"
rmlzn "AM
Page 3 of 3
Notes:
1. A survey plat of even survey data herewith accompanies this legal description.
2. Surveyed on the ground March -May, 2009.
3. Bearings shown are grid bearings based on the Texas State Plane Coordinate System, Texas North
Central Zone, Nad83 Datum.'
4. Ali distance shown are surface distances.
S. Surface adjustment factor for entire project Is 1.0002396
HIGH-TECH LAND AND GPS SURVEYOn, INC
3330 70th St. Suito 202 - Lubbock, T=as 79413
(906)188-0020 - Fax (906) 792.1646
Policy No.: 8239843-84554542 File No.: 20094854L
SCHEDULE B
EXCEPTIONS FROM COVERAGE
This policy does not insure against loss or damage (and the Company will not pay costs, attorne}�s fees or expenses) that arise
by reason of the terms and conditions of the leases and easements, if any, shown in Schedule A, and the following matters:
The following restrictive covenants of record itemized below, (the Company must either insert specific recording
data or delete this exceptions):
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, govemments or
other entities,
a) to tidelands, or lands comprising the shores or beds of navigable or perennial rivers and streams, lakes, bays,
gulfs or oceans, or
b) to lands beyond the line of the harbor or bulkhead lines as established or changed by any government, or
c) to filled-in lands, or artificial islands, or "
d) to statutory water rights, including riparian rights, or
e) to the area extending from the line of inean 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 2010 and subsequent years, and subsequent
taxes and assessments by any taxing authority for prior years due to change in land usage or ownership, but not those
taxes or assessments for prior years because of an exemption granted to a previous owner of the property under
Section 11.13, Texas Tax code, or because of improvements not assessed for a previous tax year.
6. The following matters and all terms of the documents creating or offering evidence of the matters (The Company must
insert matters or delete this exception.):
a. Rights of Parties in Possession. (Owner's TiUe Policy Only.)
b. Easement, or claims of easemeuts and/or encroachments, not shown of public record, which a current
survey might show (tWs general exception to be deleted upon receipt of a current survey showing
easements and encroachments, if any and such easements and encroachments, if any, will be specifically
excepted to on the Title Policy.)
c. Mineral interest previously reserved by instrument recorded in Volume 299, Page 327, Deed Records of
Garza County, Texas.
d. Wind interest previously reserved by instrument recorded in Volume 299, Page 327, Deed Records of
Garza County, Texas.
e. Oil, Gas, and Mineral Lease by instrument recorded in Volume 74, Page 908, Oil and Gas Lease Records
of Garia County, Texas.
f. Thirty Foot (30') strip reserved for road along the West side of the Property b��nstrument recorded in
Volume 20, Page 260, Deed Records of Garza County, Texas. .��
Fidelity National Title Insui�ce Compan
Page 2
Policy No.: 8239843-84554542 File No.: 20094854L
g. Right-Of-Way Easement granted to SOiJTH PLAINS PIPELINE COMPANY recorded in Volume 33,
Page 268, Deed Records of Garia County, Texas.
h. Right-of-Way and/or Easement granted to City of Lubbock, Texas, as shown by instrument recorded in
Volume 313, Page 765, Deed Records, Garza County, Texas.
GARZA ABSTRACT
Authorized Countersignature
Fidelity National Title Insurance Company
Page 3
GXCLUSIONS PR0�1 CO�'I:RACL
'I�hc following maticrs arc cxpressly cxcludcd Imm thc covcragc of tliis policy nnd thc Company wdl not pay loss or damagc, cosls, :I1101T1CVS� �CCS OP CX�)COSCS Lllill 811SC I)V i'C1S00
U�:
L (a) �\ny law, ordinancc, pamit, or govc�nmcntal itgulation (induding lhosc relating lo building and zoning) n�stricling, n;gulaling, proliibiting or rclating to:
(i) thc occupancy, usc, or cnjoymcnl of Ihc Land;
(iil thc characicr, dimcnsions or location ofany improvcmcnt crcctcd on thc Land;
( iiil subdivision of land; or
(iv) cnvironmcntal protcction;
or thc cflcct of nny violatiun of thcsc laws, ordinnnccs or govcrnmcntal regulnlions. �h�s L'xclusion I(a) docs nut modily or limit thc covcragc providcd undcr Covcrcd
Risk 5.
(b) Any guvcrnmcntal policc puwc�. 1'his L'•xclusion I(b) docs not moddy or limit thc covciagc providcd undcr Covcred Risk 6.
2. Rights of cmincnt domnin. l'his Lxdusion docs not modify or hmil thc covcragc prov�dcd unctcr Covercd Risk 7 or 8.
3. Dciccts, licns, cncumbranccs, ach�c�sc clainu or othcr nnttcrs:
(a) crcalccl, suticrcd, nssumcd or �grccd to by thc Insun;d Clnironnt;
(b) not Known to thc Company, not rcco�dcd m thc Public Rcconls nt Dntc of Pohcy, but Known to lhc Insurcd Claimanl and not disclosed in ��Titing to thc Company by
lhc Insurcd Claimant prior to thc d�tc ll�c Insurcd Clnimant bccamc an Insurcd undcr tlus �whcY>
(c) ��-sulting in no loss or damagc lo thc Insurcd Claimnnt;
(d) aUaching or crcatcd subscqucnt to Dmc of Policy (howcvcr, this docs not modily or lumt thc coveragc providcd undcr Covcrcd Risk 9 and 101; or
(e) resullin� in loss or damagc thnt would not have been susi�ined if the Insurcd Claimant had pnid valuc for the TiUc.
4. r�ny claim by rcason of thc operntion of Iccicrnl bankruptcy, slntc insolvcncy or similar crodito�s' righls Inws that thc transaction vesting llic Titic ac shown in Schcdulc r� is:
(a) a liaudulcnl convcyancc or liaudulcnl uansfcr; or
(b) a prcfcrcnlial li.msfcr for �ny rcason not s4�lcd in Covcn;d Risk 9 uFthis pohcy.
5. r�ny licn on tl�c 7'itic lor rcal cstatc Imccs or asscssmcn�c unposccl by govcrnmcntal authurity and crcatcd or attacliing bchvccn Datc of Policy and tlic datc of rccording of thc
dccd or othcr insuumcnt of translcr m thc Public Rccords that vcs�c'I itic as shown m Schcdulc r�.
(. llic rcliisal of any person to purchasc, Icasc or Icnd moncy on thc cstatc or intcn:st covcrcd hcreby in thc land dcscribcd in Schcdulc r\ bccausc of Unmarkctablc Titic.
CO\'D17'IOVS
1. DIiFI\1'1'ION OF'I'I:R�1S.
'1'hc lollowing tams wlicn uscd in this policy nxan:
�a) "Amount of Insurance": the amount stated in Schedule A, as may bc
incrcascd or dccrcascd by cndurscmcnl lo lhis policy, incrcascd by
Scction 8(bl, or dc- crcnscd by Scctions 10 and I I of thcsc Conditions.
(h) "Dalc of Policv ': 'fhc dntc dcsignatcd as "Dnlc of Policy" in Schcdulc r\.
(c) "fnlity": r\ coiporalion, parincrship, tnist, limitcd liability company or othcr
similar Icgal cntiry.
(d) `•Insurcd": thc Insurcd namcd in SchcJulc A..
(il l'hc tcrm "Inswtd" also includcs:
(r\) succcssors to thc'1'itic of thc Insurcd by opc�ation of law as
distinguishcd tium purchasc, induding hcirs, dcvisccs,
survivors, pc��onal itprescntativcs or ncxt of kin;
(l31 succcsso�s to an Insun�d by dissolution, maga�, consolidation,
disu�ibution or rcorganiralion;
(C) succcsso�� to an Insurul by ils convc�xion to anothcr kind of
L"ntity;
( D) a grantec uf an Insurcd uncicr a dccd dclivcrc<l without paymcnt
of actual valuablc considcrntion convcying thc l�itic:
( I) If thc stock, shares, mcmbcrships, or olhcr cquity intcresls
of thc gnntcc arc �vliolly-o��med by thc namcd Insurcd,
(2) If thc grantcc whully o���is thc namcd Insurcd.
(3) If thc granrec �s wholly-o��mcd by nn nlliliatcd G�tily ol'
thc namc<l Insured, piuvidcd thc al7iliatcd Lntity �nd Ihc
namcd Insurcd an� both wliolly-owned lw thc samc
person or linldy, or
(4) If tlic grantcc is a uustcc or bcncticiary of a trust crcntcd
bya wriltcn msuumcnt cstablishcd by thc Insurcd namcd
in Schcdulc A liirestatc planning purpuscs.
(ii) \1'ilh �x�ganl to (r�). (l3)> (C) and (D) rescrving, howcvcr, all righLc
and dcfcnscs as lo any succcssor Ihnt thc Company would havc had
�gainstany pn;dcccssorinsurcd.
(c) "Insurcd Claimanl": an Insurcd claiming loss or dnmagc.
( f) "Knowlcdgc" or "ICiwwn": actual knowlcdgc. not constructivc knowlcd�c
or noticc that may bc miputcd to an Insurcd by rcason of thc Public
Kccords or any othcr iccords lhat impart constructivc nolicc of maticrs
alTccling thc'1'itic.
lg) "I_and": thc land dcscrihcd in 5chcdulc A, and allixcd improvcmcnts tl�at
by law constitutc nal propaYy. Thc tcrn� "Land" docs nol includc any
properry bcyond tlic lincs of lhc aren dcscribcd m Schcdulc A, nor any
ri�hL tiUc, inlcresl, cslalc or c;4scmcnt in abulling strcc4s, mads, avcnucs,
allcys, lancs, ways or walci�vays. but lliis docs not mudily or limil thc
cxtcnt that a ri�htofacccss to and liom thc Land �s msurcd by this policy.
(h) ..�4ortgagc": nwrtgagc, dccd ol' uust, tnist dccd, ur othcr sccuriry
instrumcnt, including onc cvidcnccd by cicctromc mcans aulhonrcd by
law.
(i) "Public Rccords": rccords cstablishcd undcr statc Statutcy et Datc of
Policy lor tlre purposc of imparling constructrvc nolicc of mattcr
rclating to n;al property to puroha.ecis lor �nluc ancl wilhout
Knowlcclgc. 1Vill� respcct to Covcrcd Kisk 5(d), "Public Rccords'� shall
nlso includc cnvimnmcntal proteclion licns lilcd in Ihc rccords of thc
2739843(2/10)
2.
3.
dcrk of llic Unitcd Statcs Dislrict Cuurt lor thc district whcrc thc Land
is located.
(j) "'1'iUe": the estalc or interest descritxd in Sc6edule A.
(k) "Unmarkctablc Tillc": TiUc allccted by an allcgcd or appan:nt mattcr
thnt would pennit n prospective puichascr or Icssee of Ihe '1'iUc or Icnder
on thc "I'idc to bc n:lcascd li�om llic obligation to purchasc, Icasc or Icnd if
thcrc is a conuactual condition rcyuiring thc dclivcry of mad:ctablc tiUc.
COV'1'1\UA'1'ION OFI\SURA\CI's.
"fhc covcragc of tliis policy shall continuc in lorcc as of Datc of Policy in fnvor
of an Insun:d, but only so long as thc Insurcd retains an cstalc or intcrest in lhc
L.mcl, or holds ao obligation securcd by a purchasc nwncy �•lortgagu givcn by a
purchascr I�om lhc Insurecl, or only so long ns thc Insurt;d shall havc liabiliry
by rcason of wa�rantics in any tr,�nslcr or convcynncc of lhc TiUa This policy
shall not continue in forcc in favor ol'nny pw�:hascr Imm thc Insurcd ol'cithcr (i)
an cstalc or intcn;st in lhe Land, or (ii) an obligation sccun;d by a purchasc
moncy �9oitgagc givcn to lhe Insw'cd.
\O'1'ICG OPCLAIM'1'O I3G GIV[iN I31'1\SURLDCLAIVIAV'1'.
"I�hc Insurcd shall notify tl�c Company promptly in writing (il in casc of any
litigation ns sct lorth in Scetion 5(a) bclow, or (ii) in casc ICnowledgc shall
come to an Insun:d hereunder of any claim of tiUe or inlerest thnt is adveise
to llic "I�iUc, as insured, and lhat might causc loss a• clamagc lor which tlic
Company may bc liablc by virtuc oP tliis policy. If lhc Compnny is prcjudiccd
by thc I:�ilurc of tl�c Insu�cd Claimant to providc piumpt noUcc, Uic Company's
liabdity to O�c Insurcd Claimant undcr thc policy shall bc rcduccd to thc cxtcnt
oflhc prcjudicc.
\Vhcn, altcr thc Datc of thc Policy, thc Insured noutics thc Compnny as
rcyuircd I�crcin of a licn, cncumbroncc, advcrsc claim or olhcr dcfccl in Titic
insured by tliis �mlicy that is not cxdudcd or cxceptcd liom thc covcragc of
Ihis policy, llic Company shall prompUy invcstigatc Ihc chargc to dctcnnine
whcthcr thc licn, cncwnbrancc, advci�c claim or dcl�ct or othcr mnucr is
vand and not ban'al by law or slatulc.'I�hc Company shnll notil'y thc Insurcd in
wriUng, wilhin a rcasonablc lime, of ils dcicnninauon ns to lhc validily ur
invalidity of thc Insurcd's daim or chaigc undcr thc policy. If thc Company
concludes that thc licn, encumbinnce, advcrse daun or defect is not covercd
by tliis policy, or was oUici�visc addresscd in Ihc closing ofthc u7ns�ctiun in
conncction wiUi which this policy wns issucd, thc Company shnll spccilic�lly
advisc tl�c Insun:d of lhc rea.eons for i4c dctcrnunalion. If thc Company
concludcs Ihat tlic licn, cncumbrancc, advc�sc claun or ctcfccl is valid, thc
Company shall takc onc of thc follo�ving actions: (i) msUtule thc ncccssary
procccdings Io cicar Ihc licn, cncumbrancc, advasc daim or dcicct tTom tlic
"I iUc as insurcd; (ii) indcmnily chc Insured as providcd in Ihis policy; (�iil upon
paymcnt of approprialc prcmium and chargcs thcrefor, issuc to Ihc Insw�cd
Claimont or to a subscqucnt owncr, morlgagcc or holdcr of tl�c cstatc or mtc�x�st
in thc L.and insurcd by this policy, a policy of tiUc insurancc ���ilhout
cxc�plion lor tho licn, cncumbrancc, advcrsc claim or cicfccl, said pol�cy lo be
in an anwunt equal to Ihc cuntint ��aluc of tlic Laod or, if a loan pohcy, thc
amount of thc loan; (ivl indcmnily anothcr tiUc insurancc company in
conncction wilh its issuance of a pulicy(ics) of liUc insur.mcc wrthoul
cxccplion lor thc licn, cncumbr.incc, advc�sc claim or dcfcct: (v) sccurc a
rcica�.sc or otlicr documcnt dischargin� llic licn, cncumbrancc. .�dvcrsc cl.um
or dcfcct; or (vil ����dcrtakc a combination of (i) through (v) hcrcm.
Owner's Policy ofTitle Insurance T-1 (2/01/10)
d.
5,
G.
r�toor• or i.oss.
In Ihc cvcnt tl�c Company is unnblc to dcicnninc thc anwunl of loss or damagc.
thc Company may, at its option, ra�uirc as a condition of paymcnt Ihat thc
Insurcd Claimant lurnish a si�ncd proofofloss. "I I�c prool'ol'loss must dcscribc
thc d�lcct, lien, cncumbr.mcc or othcr m�ucr insurcd ngainst by Ihis policy that
constitiUcs thc basis of loss or damagc and sliall statc, to thc extcnt possiblc, thc
basis ofcalculating thc anwunt of tlic loss or damngc.
DGI� l?NSI: r�ND PROSI:CU'1'10\ OI� ACTIONS.
(a) Upon wriltcn rcqucsl by lhc Insurcd, and subjcct to thc optionc containcd
in Sections 3 and 7 of thcsc Conditions, llic Company, at its own cost and
witliout unrcasonablc dclay, shall providc fbr tlic dcicnsc of an lusun:d in
litigation m which any lliird paity �sscrts a claim covcrcd by tliis ��olicy
advc�sc to tlic Insured. 1 his obligaUon is hmitcd to only ll�ose stalcd
causcs of acUon all�gmg maticrs insurcd agamst by thic policy. 'I�hc
Comp.my shall havc tl�c riglit to scicet counscl of us clioicc (subjcct lo
thc right of thc Insurcd to objcct for masonablc causc) to i�-pn;senl thc
Insurcd as to thosc statcd causcs of nction. Il shall not lx; linblc for and
will not pay tlic Iccs of any olhcr counscl. l hc Company will not pay
any Iccs, costs or cxpcnscs mcuncd by thc Insurcd m Ihc dcicnsc of
tl�osc causrs ol' acUon lhat allcac mattcrs not insun;d a�ainst by lhis
po I �cy.
(bl l�hc Company shall hnvc thc right, m��dd�tion to thc oplions containcd
in Scctions 3 nnd 7, at ��s own cost, to institutc and proscculc any
acUon or procccding or to do any othcr act that m i4s opmwn may bc
ncccssmy or dcsir.�blc lo cstablish ll�c Titic, as msurcd, or to prcvcnt
or rcducc loss or damagc lo thc Insurcd. l'hc Company mtry takc any
appropriatc action undcr thc tcnns of Ih�s policy, wlicthcr or not it shall
bc liablc lo the Insurcd. 'Il�e exercise of thesc nah45 shall not be nn
admission of liability or wai�cr of any piuvision of this pohcy. If thc
Company excrciscs its rights undcr this subscction, it must do so
diligcntly.
(c) �Vhcncvcr thc Company bnngs an acliun or asscrLc a dcicnsc <�s rcqwrcd
or �xnniltcd by this policy, thc Company may pursuc thc liugauon lo a
tinal dctcnnination by a court of competenl �unsdiclwn and rt exprt:ssly
rescrvcs thc iight, in ils solc discrction, lo appeal I�om any advcrsc
.luclgmcnt or ordcr.
DU'1'1' O1� INSUKED CLAI�IAN'I"1'O COOPL:KATE.
(a) In all cascs whcrc this policy pcmiits or rcyuires thc Company lo pmsccutc
or proviJc forthc dcicnsc of any action or procccding and any appeals,
thc Insurcd shull sccurc to thc Compmiy thc nght to so prosccutc or
providc dcicnso in Uic aclwn or pmcecding, mcludmg thc ri�ht to usc, at
its option, thc namc of the Insurcd lor this pwpose. \\'henever mqucsled
by thc Company, thc Insurcd, at thc Company's cxpcnsc, shall grvc thc
Company all rcasonablc aid (i) in securing cvidcncc, obtaining wiuicsscs,
prosecuting or dcfcnding thc acUon or procccding, or GTccUng
sctUcmcnt, and (ii) in any otl�cr lawfiil act thal m tlic opimon ol' Uic
Company may bc ncccssary a dcsi�ablc to cstablish lhc TiUc or any othcr
mattcr as msurcd. If tl�c Compnny is prcjudiccd by thc lailure of thc
Insured to lurnisli lhc rcquired cooper.�lion, tlic Company's obligalions
to thc Insurcd undcr tl�c policy shall tcnninntc, including any liability or
obli�aUon to dcicnd. prosccutc, or continuc any litigation, willi rc�ard lo
thc mattcr or maltcrs rcquu �n� such cooperalion.
�b) Tlic Company may rcasonably myuin; llic Insurcd Claimant lo submit to
cxanunaUon imdcr oatli by any authorizcd reprcscntativc of thc
C'ompany .md to producc lor cxamination, inspcction and copying, at sucli
rcaLconablc Umcs and placcs as may bc dcsi�naled by thc aulhorizcd
represcntauvc of Ihe Company, all records. in wliatcver medium
maintamcd, includin� books, Icdgc�s, chccks, memorandn,
correspondcncc, rcports, cmails, disks, tapes, and vidcos whcthcr
bcaring a dalc bclorc o� altcr Datc of Policy, thnt rc�sonably pertain lo
lhc loss or damagc. Fiullic�, if rcqucstcd by iIOY ilUlll01'1'l.l'(I R;�)ITSt',I1l�lIVC
of tl�c Company, Ihc Insund Cloimnnt shall granl its pcnnission, in
writing, ti>r any authonicd reprcscntativc ol' thc Company to cxamine,
inspccl and copy all of thcsc �ccords in thc cuslody or conu'ol of � lhirct
party Uiat rcasonably pc��am lo thc loss or damagc. All inforniation
dcsi�nalul as contidcntial by thc Insured Claimm�t providcd to lhc
Company pursunnt to this Scction shall not bc disclosal lo ollicrs
milcss, in lhc rc:isonablc judgmcnt ul�thc Company, it is ncccssary in tl�c
adminisu'ation of thc daim. I�ailurc of tlic Insun:d Claimant to submit
lor cxamination undcr oath, producc any �casonably rcqucstcd
inlormation or �rnnt pcnnissiun to sccuro n:asonably ncccssary
inl'ornialion Irom tliird pahics as rcquircd in Uiis subscction, unlcss
prohibitcd by law or govcnuncntal rcgulation, shall lcrminatc any
liabiliry of lhc Company undcr lhis pulicy as to Ihal claim.
OI''1'IONS 'I'O Pr�l' OR O'1'IIIiR�VISE SF:1'"1'LI: CL.�V �'IS;
"1'GR�71NA'1'10\ OFLIAl31L1'I'ti'.
In casc uf a claim undcr this policy, tl�c Company shall havc thc following
additional options:
(�) To Pay or "lcndcr Paymcnt of thc r�mount of Insurancc.
l'o pay or lendcr paymcnt of thc r�mount of Insur�ncc undcr this policy
togcthcr wilh any costs, atto�ncys' Iccs and cxpenscs incu�rcd by Ihc
Insurcd Claimant that wcrc autl�orizal by thc Company up to thc timc of
paymcnt or lcncler of pnymcnt and that tl�� Company �s obligatcd lo pay.
Upon lhc cxcrcisc by lhc Company of this option, all liabdity and obligalions of
thc Company to tlic Insured undcr il�is policy, othcr thnn to makc lhc paymcnl
rcquircd in this subscclion, shall tcnninatc, includmg any liability or
obhgalion lo defend, prosecule, a' conlinuc any litigation.
(b) 'lo Pay or Othcnvisc SctUc With Partics Olhcr tlian lhc Insurcd or �Vuh
thc Insurcd Claimant.
(i) to pay or olhc�wisc sctUc with olhcr pahics lor or in tl�c namc of
an Insurcd Claimant any daim insw'ecl against undcr tliis policy. In
addition, thc Company will pay any costs, attomcys' Iccs and
expcnscs incuntd by thc Insurcd Claimant tliat H�crc authorizcd by
thc Company up lo ll�c timc of payment and that Ihc Company is
obligated to pay; or
(ii) to pay or othcnvisc scttic with tlic Insurcd Claimant thc loss or
damagc providcd for undcr this policy, togelhcr with any cosls.
attorncys' Iccs and cxpcnsos incunrd by thc Insured Claimant that
wcrc autho�izcd by thc Com�>any up to lhc timc of paymcnt and thnt
thc Company is obligatcd to pay.
Upon thc cxcrcisc by thc Company of cithcr of Ihc options pmvidcd for in
subscctions (bl(i) or (ii), lhc Company's obligations to thc Inswcd undcr tl�is
pohcy for thc daimcd loss or damagc, otl�er tl�an tlic paymcnts rcquircd to bc
madc, shall tcrniinatc, including any liability or obligalion to dcfcnd, prosccutc
or continuc any hligaUon.
8. DE'I'I:RNlll�r�'I'ION AND GX'1'F,\TOF LIA131LITY.
"1'his policy is a contract of mdemnity against actual moneG�ry loss or damagc
susta�ned or incwn;d by thc Inswtid Claimant who lias sulTcrcd loss or
damagc by rcason ol'maticrs msurcd agamst by this policy.
(a) I hc extcnt of li�biliry of thc Company for loss or damagc undcr this
policy sliall not cxcccd tlic Icssa� ot:
(i) thcAmount oFlnsuiancc; or
(ii) the dillcrencc hetwcen thc valuc of the'I'iUc as msurod and the value
of tl�� "I iUc subjwt to lhc risk insurc<I against by tliis policy.
(b) If the Company pwsues iGc iigh4s under Section 3 or 5 and �s unsuccessl'ul
m cstabhslung lhc Titic, a.e insurcd:
(Q thc Amount of Inswancc shnll bc incn;nscd by 10%; and
(ii) tl�c Inswrd Clnimant sliall hnvc thc righl lo hm�c thc los� or
damage <lctcnnined either ac of Ihc date tl�e daim was made by thc
Inswxxl Claimanl or:Lc of tlic datc il is sctticd and pnid.
(c) In addiUon lo lhe cxtcnt of liabihry uncicr (n) and (b), Ihc Comp�ny will
also pay tliose cosls, attorncys' fces and expenses incurrcd in
accordance wrth Scctions 5 and 7 of Ihcsc Condilions.
9. LI�IITA'170\ OPLIN31LI7'1'.
(a) If the Company establishes the "I�iUe, or removes thc alleged dclecl, lien
or encumbrancc. or cures thc lack of a right of acccss to or from thc Lan<I,
all as insurcd, or lakes .iction in accordanc� with Scction 3 or 7, in a
rcasonably diligcnl manncr by nny mcthod, including lilianlion nnd thc
complction ol' any appcals, it shall have tully perlornicd its obligations
wilh respect lo tBat matler and shall not bc liable for any loss or damngc
causcd to thc Insurcd.
(b) In tl�c evcnt ofany litigation, includina litigalion by thc Compmiy or with
tl�c Company's conscnt, lhc Company shall havc no linbility lor loss or
dnmage until llierc has been a linal delerniination by a wun of competent
jurisdiclion, ancl di,r•position of all appcals, advcrsc to tlic TiUa <�s
insured.
(c) "I'hc Company shall not bc liablc for loss or damagc to thc Insurcd for
liabiliry volunta�ily assumcd by thc Insured in sclding any claim or suit
wilhout thc prior wrillcn conscnl of thc Company.
10. lil'sUUC'1'IO\ O1� 1\SURA\CE; REDUCI'ION Olt "PI:R�71NA"I'IO\ OI�
LI A131 LI'I'l:
All paymcnts unctcr this policy, cxccpt paymcnLs madc for cosls, aUorncys'
fecs and cxpcnscs, shnll rcducc thc Amount of Insu�nnce by thc amount of lhc
payment.
I1. LIA131L1"1'YNONCU�IULA'I'IVI:.
'llic r�mount of Insurnncc shall bc n;duccd by any amount thc Company pays
undcr any policy insuring a Nlurtgagc to wl�ich cxccption is takcn in
Schedule [3 or to which the Insured has agn;ed, assumcd, or tahen subject or
which is cxccutcd by au Insurcd alicr Datc of Policy and which is a chargc or
licn on lhc 'I�iUc, and lhc amount so paid shall bc dccmed a paymcnl to Ihc
Insurcd undcr Ihis policy.
12. PAl'�1l?N'1' OI� LOSS.
\Vhcn liabiliry and U�c cxtcnl of loss or damagc havc bccn dclinitcly fixcd in
2739843 (2/10) Owner's Policy ofTitle Insurance T-1 (2/01/10)
13.
•acco�Ylancc wilh thcs� Condrtions, thc pnymcnt shall bc madc within 30 days.
RIGII'I'S OPRI:COVlilil' UPO\ P�11'��IEN'1' OR SG'1"1'LE�7GN'1'.
(a) �lnc�ncvcrthc Company shall huvesctQcd and paid a claim undcrthis policy,
il shall bc subrogatcd and cnUUcd to thc rights of thc Insurod Claimant in
thc "I�iUc and all ollicr rights and romcdics in respcct to thc clnim Ihnl lhc
Insurcd Claunanl I�as againsl any En:r�on or property, to Ihc cxtent of thc
anwunl of any loss, coSLc, allomcys' fccs and cxpcnscs paid by thc Company.
If reyucstcJ by ll�c Company, thc Insun;d Clnimm�l shnll exccutc
documcn4s lo cvidcncc thc lr.tnslcr to lhc Company of thcsc righLc and
rcmcdics. I hc Insurcd Clamiant shall pcnnit tl�c Company to suc,
compronusc or scttic in thc namc of thc Inswcd Claimant and to usc thc
namc ofthc Insurcd Claimanl m nny Iransaction or litigation involving thcsc
righls and n;mcdics. Ifa pnymcnt on account ofa claim docs nul lully covcr
thc loss uf thc Insurcd Claimant, tlic Company shall dcicr thc cxcrcisc of
its righl to recover unUl alicr the Insured Clnimnnt shall have recovered iLs
loss.
f h) �fhc Company'� r�ght of submgalion indudcs lhc rigliLe of thc Insurcd to
in<IcmmUcs, guar.mlics, ollicr pulicics of insurancc or bonds,
notwithstandmg any tcrms or conditions containcd in lliosc insUimicnls ll�al
address subro�aUon righ�c.
AR131"1'NA"f IO\.
L'-.ithcr thc Company or thc Insurcd may dcm�nd tlmt thc clnim or controvcrsy
sl�nll bc submittcd to arb�Untion pu�uant to 1hc I itic Insuronce Arbilrauon
Rulcs of lhc Amcr�can Land I itic :\ssociatwn ("Rulcs'�). Gxccpt as providcd in
thc Itulcs, thcrc Shall bc no jomdcr or consolidaUon w�th claims or
controvcrsics of othcr persons. �\rintrablc maltcrs may includc, but arc not
limiled to, any contmvci�y or claim bchvccn thc Company and Ihc Insurcd
arising out of or relating to lhis policy, any scrv�cc in connection with rts
issuancc or thc brcach ofa policy proviswn, or lo any oll�cr controvcrsy or clami
arising out of thc transacUon grvm� risc to this policy. All arbitrablc maltcrs
whcn thc Anwunt of Insurancc is S2,000,000 or Icss shnll bc ari�itratcd at thc
option of cithcr thc Company or thc lusurcd, unlcss tlic Insurcd is an individual
persun (as dislinauislicd from an Pntity). rVl art�itrnblc mattci� whcn thc
Amount of Insur,incc is m excess of 52,000,000 shall be aifiiu'atcJ only wl�en
agrccd to by botli Uic Company and thc hisured. AifiiU'alion pw�uant to Ihis
policy amd undcr tl�c Rulcs shall bc binding u�xm thc partics. .Iudgnunl upon
the award rendcn:d by thc Arbdr,�toqs) may bc cntcrcd in any courl ofcompctcnt
_jurisdiction.
IJr�1311.I'1'Y L1�11'1'EU7'O'1'IIIS POLICI'; POLICI' I:\"I'IRI; CO\'1'KAC"1".
(a) 'I'his policy togcthci wUh all cndorscmcnls, il' nny, nttachcd to it by thc
Company is thc cntire �wl�cy and conlract Ix:hvccn thc Insurccl nnd thc
Compnny. In intciprcling any pmvision of Ihis policy, this policy shall bc
conswcd as a wholc.
(b) r\ny clnim of loss or danmac that aiiscs out of thc si.�ws uf thc'I'iUc or by
any action asscning such claim, shall bc restrictcd to this policy.
(c) riny amcndmenl of or cndorscmcnl to this policy nnist Ix: in writing and
I 4.
I 5,
1 G.
t7
i x.
authcnticntcd by an authorizcd pc�son, or cxpressly inco��oratcd by
Schcdulc A of this pohcy.
(<I) linch cndorscmcnt to this policy �ssucd at any Umc is madc a pnrt of
this policy and is sub�cct to all of iLc tcrmc and prov�sions. Lxccpt .Lc thc
cndorscmcnt cxprcssly stalcs, it docs not (i) modify .my of thc tcrms and
provisions oflhc policY, (ii) mcxlity any pnor endorscmcnt. (iii) cxtcnd Uic
Datc of Policy or (rv) macasc thc �\mount of Insurancc. Gach
Commitmenl. endo��ement oi other fomi, or provision in tlie Schedules
to this policy that rcicrs to a tcmi dctined in SccUon I of thc Condilions
sl�all be dccmed to retvr to the tenn regardless of whether thc tenn is
capitaliicd in thc Commitmcnt, cndorscmcnt or othcr loi7n, or
Schcdulc.
Lach Commitmcnt, cndo�sancnt or othcr form, or provision in thc Schcdulcs
that refcrs to tl�c Conditions and Stipulations shall be dcemcd to refer to thc
Condilions oflhis policy.
SEYERA131L11'Y.
In the cvcnt any pmvision of lhis policy, in wliolc or m part, is licld invalid
or uncnlorceablc uncicr applicablc law, thc policy shall bc dccnud not to indude
tliat prov�sion or such part hcld to bc invalid and all othcr pmvisions shall rcmain
in full furcc and cllect.
CIIOICI's OF LA�V; FOItU�I.
(al Choicc of Law: '1'he Insuicd acknowlcdgcs thc Company lisc
undenvntten the iisks covcicd by this �mlicy and detennined the premium
chargcd tlicrcfor in rchance upon thc law a17ccUng intcresls in n�al
property and applicablc ro thc intc�pn;4�uon, rights. n:mcdics or
cnlorccmcnt of policics of tiUc rosw'ancc of thc jurisdiction whcrc tl�c
Land is located. Thc�tforc, thc coun or an arbdrator sl�all apply tl�c law
of thc �unsdiction whcn; thc l�and is localcd lo dctcnninc thc validily of
claims agoinst thc'I�iQc that an: advcrsc to thc Insurccl, and m intcrpreUng
nnd cnla'cing Uic tcrms of this policy. In ncitlicr cnsc shall thc couil or
v'bitrator apply i4e con0icts of laws principlcs to dctcnninc lhc apphcablc
law.
(b) Choice of fonim: r\ny litigation or oU�cr pmcccdmg brought by Ihc
Insurcd ngainst thc Company must tn: tilcd only in a stnlc or Icdcral cowl
within U�c Unitcd Statcs of Amcrica or iLs tenitorics liavmg appropriatc
jurisdiction.
V07'ICIiS. �VIIGRE SI'sN'1'.
Any noticc of claim and any olhcr notice or statcmcnt in wiiting requutd lo
be givcn thc Canpany undcr this Policy must bc givcn to thc Company nt
Nolional Claims r\dministinlion, P.O. l3ox 45023, Jacksonvillc, I�londn 32232-
5023.
2739843 (2110) Owner's Policy ofTiUe Insurance T-I (2101110)
IMPORTANT NOTICE
To obtain information or make a complaint:
You may call Fidelity National Title Insurance
Company's toll-free telephone number for information
or to make a complaint at:
1-800-292-5320
You may also write to Fidelity National Title Insurance
Company at:
AVISO IMPORTANTE
Para obtener informacion o para someter una queja:
Usted puede llamar al numero de telefono gratis
Compania de Seguros de Titulo de Fidelity National
Title para informacion o para someter una queja al:
1-800-292-5320
Usted tambien puede escribir a Compania Seguros de
Titulo de Fidelity National Title
10010 San Pedro, Suite 630
San Antonio, Texas 78216
10010 San Pedro, Suite 630
San Antonio, Texas 78216
You may contact the Texas Department of Insurance to
obtain information on companies, coverages, rights or
complaints at:
Puede comunicarse con el Departamento de Seguros de
Texas para obtener informacion acerca de companias,
coberturas, derechos o quejas al:
1-800-252-3439
1-800-252-3439
You may write the Texas Department of Insurance
P.O. Box 149104
Austin, TX 78714-9104
Fax:(512)475-1771
Web: http: : ��•�vw.tdistate.tx.us
E-mail: ConsumerProtection a,tdi.state.tx.us
PREMNM OR CLAIM DISPUTES:
Should you have a dispute concerning your premium or
about a claim you should contact the company first. If
the dispute is not resolved, you may contact the Texas
Department of Insurance.
ATTACH THIS NOTICE TO YOUR POLICY
This notice is for information only and does not
become a part or condition of the attached document.
Puede escribir al Departamento de Seguros de Texas:
P.O. Box 149104
Austin, TX 78714-9104
Fax:(512)475-1771
Web: http:'�www.tdi.state.tr.us
E-mail: ConswnerProtection(u�tdistate.tx.us
DISPUTAS SOBRE PRIMAS O RECLAMOS:
Si tiene una disputa concerniente a su prima o a un
reclamo, debe comunicarse con el la compania)
primero. Si no se resuelve la disputa, puede entonces
comunicarse con el departamento (TDn.
UNA ESTE AVISO A SU POLIZA:
Este aviso es solo para proposito de informacion y no
se convierte en parte o condicion del documento
adjunto
2739843 (2110) Owner's Policy of Tide Insurance T-1 (2101110)
M/S
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A.
ISETTLEMENT STATEMENT 8. MORTGAGE II�SURANCE CASE NUMBER:
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items marked (p.o.c.) were paid outside the closing; they are shown here for informational purposes and are not included in totals.
D. NAME & ADDRESS OF BORROWER E. NAME R. ADDRESS OF SELLER F. NAME & ADDRESS OF LENDER
City of Lubbock, Texas H. V. Wheeler Partnership NONE
Attn: Dave Booher
1625 13th Street P.O. Box 117
Lubbock, Texas 79401 Slaton, Texas 79364
Phone:
G. PROPERTY LOCATION
Parcel 35, Lake Alan Henry
pipeline easement, Garza County
i�
111.
112.
120. GROSS AMC
200. AMOLTI
201. Deposit or Ea�
202. Principal � of
203. Existine L.oan
204.
205.
206.
207.
208.
209.
Adiustment:
210. Ciry taxes
� 1 I . Counn� taxes
212. Assessments
213.
214.
215.
amts
OMB No. 2502-0265
B. TYPE OF LOAN
1. FHA 2. FMHA 3. CONV. UNINS.
6. FILE NUMBER: I 7. LOAN NUMBER:
H. SETTLEMENT AGENT (Ph) 806-793-9555
West Texas Title Co
8001 Quaker; Suite E
Lubbock. TX 79424
I. SETTLEMENT DATE
28 December, 2010
DISBURSMENT DATE
28 December. 2010
5
F�[1]
515.
516.
PLACE OF SETTLEMENT
West Texas Title Co
8001 Quaker, Suite E
Lubbock, TX 79424
PH:806-793-9555
FAX:806-793-9574
/FOR BORROWER I I 520. TOTAL REDUCTION AM
due frm borrower (L 120) � 4 2 6 2 2. 2 9 601. Gross amount due to seller
303. CASH � FROM) ( TO) BORROWER 4 2, 6 2 2. 2 9 603. CASH � TO) ( FROM) SELLER 2 6, 2 71 0 3
he Public Reponing Burden for this collection of information is estimated at 35 minutes per response for collecting, reviewing, and reporting the data. This agency
ay not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number. No confidentialiry is assured;
is disclosure is mandatory. This is designed to provide the parties to a RESPA covered transaction with information during the settlement process.
CopvrightOO Spencer Spstems Inc Sales:l-800-992-1362 Support:l-575-336-4018 email: infoCspencers��stemsinc.com RESPA HB 430�.�
r--� Pase 2 of 3 OMB No. 2502-0:
L. SETTLEMENT CHARGES. GF: 09-30996
700. TOTAL SALES/BROKER'S COMA�IISSION on $ L: • 0 � °•� - pAID FROM PAID FROM
Division ofcommission as follows: � BORROWER'S SELLER'S
701. $ . O O to F'CTNDS AT FUNDS AT
702. � . O O to SETTLEMENT SETTLEMENT
703. Commission oaid at settlement
801. Loan On . fee . 0 0 0 0°
802. Loan Discount . 0 0 0 0°
803. A raisal fee to
804. Credit R ort to
805. Lender's Ins fee
806. Mt Ins A Fee to
807. Assum tion Fee
808.
809.
810.
811.
812.
813.
814.
900. ITEMS RE UIRED BY THE LEP
901. Interest from thru
902. Mt Ins Prem for mon
903. Hzd Ins Prem for vear
904.
905.
906.
1000. RESERVES DEPOSITED WITH
]001
1002
]003
taxes
mo. (c� �
mo. a, �
mo. na �
mo. (�a �
/
1008. 1/6th AQQreeate Cush
1100. TITLE CHARG
] 101. Escrow Fee to
1102. Policv euaranri fee
1103. Tax certificate
1104. Lender's Title Insuran
1105. Copv fees
1106. Notary fees to
1107. Attornev's fees to
(includes above item nur
1108. Tide insurance to
(includes above item nur
1109. Lender's coveraee
1110. Owner's coveraQe
1111.
1112.
1113.
1114.
1115.
1200. GOVERNMENT
1201. Recording fees: Deed
1202. City/Cntv stamps
1203. State tax stamps
1204. RecordinQ: Easement
1205.
Garza Abstract
Garza Abstract
i
0
�
/ mo.
/ mo.
:��
�
1305.
1306.
1307.
1400. TOTAL SETTLEMENT CHARGES (enter on lines 103. Sec J and 502. Sec K 8 81 . 91 �
UBSTITUTE FORM ] 099 SELLER STATEMENT--The information contained in Blocks E, G, H, and I and on line 401 is important tax informat�on
nd is being fumished to the Internal Revenue Service in lieu of fonn ] 099-S.
• Pag� 3• oi 3� CERTIFICATION GF:09-30996
I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge
and belief, it is a true and accurate statement of all receipts and disbursements made on my
account or by me in this transaction. I fully certify that I have received a copy of HUD-1
Settlement Statement.
�XQI�XX PIIRCHASER:
CITY OF LIIBBOCK, T�
.�d...J
Dave Booher, Right-of-Way Agent
Sellers:
H• V• WHEELER PARTNERS IP,,� a Tegas general
_�artnersh' ' C- �
`- . _ �
Ferrell D. Wheeler, Partner
r�^ � � �/y
Valton C. Wheeler, Partner
. ,- ' ' i,��-�J
}=.�u��,i� � f��c.�
Wilma F. Wheeler Hill, Partner
The HUD-1 Statement which I have prepared is a true and accurate account of this transaction.
I have caused or will cause the funds to be disbursed in accordance with this statement.
� Z���,� z��l ro
West Texas Title Co Date
Settlement Agent