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<br />ALAMO TITLE INSURANCE <br /> <br />OWNER POLICY OF <br />TITLE INSURANCE <br /> <br />CASE NUMBER <br /> <br />DATE OF <br />POLICY <br />4/ 3/2003 <br /> <br />POLICY NUMBER <br /> <br />2001 CS 455741-J (217)/dm <br />SCHEDULE B <br /> <br />o 008827 <br /> <br />not <br />and <br />and <br /> <br />Company will <br />of the terms <br />in Schedule A <br /> <br />1. <br /> <br />This policy does not insure against loss or damage (and the <br />pay costs, attorney's fees or expensesl that arise by reason <br />conditions of the leases or easements nsured, if any, shown <br />the following matters: <br /> <br />The followin9 restrictive covenants of record itemized below (the Company <br />must either 1nsert specific recording data or delete this exception): <br /> <br />ITEM 1 OF SCHEDULE B IS HEREBY DELETED IN ITS ENTIRETY. <br /> <br />2. <br /> <br />Any discrepancies, conflicts( or shortages in area or boundary lines, or <br />any encroachments or protrus10ns, or any overlapping of improvements. <br /> <br />Homestead or community property or survivorship rights, if any, of any <br />spouse of any insured. <br /> <br />Any titles or rights asserted by anyone, including, but not limited to, <br />persons the public, corporations, government or other entities( <br />a. to tidelands, or lanas comprising the shores or beds of nav1gable or <br />perennial rivers and streams lakes, bays, gulfs or oceans, or <br />b. to lands beyond the line of the harbor or Dulkhead lines as established <br />or changed by any government( or <br />c. to filled-in lanas, or artif1cial islands, or <br />d. to statutory water rights, including riparian rights, or <br />e. to the area extendin9 from the line of mean low tide to the line of <br />vegetation, or the r1ght of access to that area or easement along and <br />across that area. <br /> <br />Standby fees, taxes and assessments by any taxing authority for the year <br />2003 , and subsequent years; and subsequent taxes and assessments by any <br />t~g authority for pr10r years due to change in land usage or ownership, <br />but not those taxes or assessments for prior years because of an exemption <br />granted to a previous owner of the property under Section 11.13, TEXAS TAX <br />CODE, or because of improvements not assessed for a previous tax year. <br /> <br />The following matters and all terms of the documents creatin9 or offering <br />evidence of the matters (We must insert matters or delete th1s exception.): <br /> <br />Rights of parties in possession. <br /> <br />3. <br /> <br />4. <br /> <br />5. <br /> <br />6. <br /> <br />7. <br /> <br />Subject to any visible or apparent easement(s) over, under or across <br />subJect property. <br /> <br />8. <br /> <br />The terms, conditions and stipulations of the La Porte Area Water <br />Authority created by Ordinance No. 1295, a copy of which has been filed for <br />record under HARRIS county Clerk's File NO(S). L826773. <br /> <br />9. <br /> <br />The terms, conditions and stipulations of that certain Mineral Lease dated <br />August 2, 19891 filed for record under HARRIS County Clerk's File No(s). <br />M468953. (Tit e to said lease not checked subsequent to its date of <br /> <br />( CONT. ON SCH. B, PAGE 2) <br /> <br />Texas Owner's Policy T-1 (Rev. 1-1-93)Texas Owner's Valid Only If Schedule A <br />Schedule B And Cover Page Are Attached <br />