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<br />'. <br /> <br />, " <br /> <br />e <br /> <br />e <br /> <br />UNITED GENERAL TITLE INSURANCE COMPANY <br /> <br />OWNER POLICY OF <br />TITLE INSURANCE <br /> <br />CASE NUMBER <br /> <br />". " <br />DATE OF <br />POLICY <br />12/31/1998 <br /> <br />POLICY NUMBER <br /> <br />97 CS 355562-U (217)/TYS <br />SCHEDULE B <br /> <br />007933 <br /> <br /> <br />This policy does not insure against loss or damage (and the <br />not pay costs, attorney's fees or expensesl that arise by reason <br />and conditions of the leases or easements nsured, if any, shown <br />and the following matters: <br />cjf;1' The following restrictive covenants of record itemized below (the Company <br />t either insert specific recording data or delete this exception): <br />ITEM 1 OF SCHEDULE B IS HEREBY DELETED IN ITS ENTIRETY. <br />. Any discrepancies, conflictsl or shortages in area or boundary lines, or <br />, any e~croachments or protrus ons, or any overlapping of improvements. <br />3. Homestead or .community property or survivorship rights, if any, of any <br />spouse of any 1nsured. <br />4. Any titles or rights asserted by anyone, inCluding, but not limited to, <br />persons the public, corporations, government or oeher entitiesl <br />a. to tidelands, or lanas comprising the shores or beds of nav gable or <br />perennial rivers and streams lakes, bays, gulfs or oceans, or <br />b. to lands beyond the line of the harbor or ~ulkhead lines as established <br />or changed ~y any governmentl or <br />c. to filled-in lanas, or artif cial islands, or <br />d. to statutory water rights, including riparian rights, or <br />e. to the area extending from the line of mean low eide to the line of <br />vegetation, or the right of access to that area or easement along and <br />across that area. <br />tandby fees, taxes and assessments by any taxing authority for the year <br />1998 and sUDsequent years, and subsequent taxes and assessments by any <br />~ng authority for prior years due ~o change in land usage or ownership. <br />The following matters and all terms of the documents creating or offering <br />evidence of ehe matters (We must insert matters or delete this exception.): <br />Vendor's Lien retained in Deed dated February 20, 1995, filed for record <br />under HARRIS County Clerk's File No(s). R281592, execueed by CALVIN C. CLEM <br />and wife, BETTY J. CLEM to DARRYL T. BENDERSON and JAR Z. HENDERSON <br />securing one promissory note of even date therewith in the principal amount <br />of $60,000.00 payable as therein provided to the order of CRANTOR; said <br />note being additionally secured by Deed of Trust of even date therewith in <br />favor of LARRY WILSON Trustee(sl' and all terms conditions and <br />stipulations contained therein, ncluding any additional indebtedness <br />secured thereby, by instrumentls) filed for record under HARRIS county <br />Clerk's File Nols). R281591. <br /> <br />Company will <br />of the terms <br />in Schedule A <br /> <br />, .' <br />7. Subject to any visible or apparent easement(s) over, under or across <br />subJect property. <br /> <br />8. Subject to the zoning ordinancss now in force in the City of La Porte, <br />Texas. <br /> <br />( CONT. ON SCH. B, PAGE 2) <br /> <br />Texas owner's Policy T-1 (Rev. 1-1-93) Valid Only If Schedule A <br />Schedule B And Cover Page Are Attached <br />