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not and and 1. ) 2. 3. 4. e . ~ . 'e ALAMO TITLE INSURANCE ----~---------------- OWNER POLICY OF TITLE INSURANCE --------------------- CASE NUMBER DATE OF POLICY 6/24/1998 POLICY NUMBER 97 CS 355500-B (~17)/gf SCHEDULE B o 510931 5. This policy does not insureagain~t loss or d~age (and the Company will pay 9osts, attorner's fees or expenses) that ar~se by reason of the terms condLtions of the eases or easements Lnsured, Lf any, shown in Schedule A the following matters,: . The following restrictive covenants of record itemized below (the Company mu~t either Lnsert specif;c recording data or delete this exception): . . ITEM 1 OF SCHEDuLE B IS HEREBY DELETED IN ITS ENTIRETY. Any discrepancies, conflicts ( or shortages in area or boundary lines, or any encroachments or-protrusLons, or an~ overlapping of improvements. Homestead or community property or 'survivorship rights, if any,' of any spouse of any insured. Any titles or right~ asserte~ by anyone, including, but no~ limited to, persons the public, corporations, government or other entLties( a. to tidelands, or lanes comprising the shores or beds of navLgable or perennial rivers and s~reams 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 lanes, or artifLcial islands, or d. to statutory water rights, including riparian rights, or e. to the area extending from the line of mean low ~ide to the line of vegetation, or the r1ght of access to that area or, easement along and across that area. . " Standby fees, taxesan~ assessments by any taxing authority ~or the year 1998 and subsequent years, and subsequent taxes and assessments by any ~ngauthority for prior years due ~o change in land usage or ownership. The tollowing matters ilnd all terms of the documents creating or offering evidence of ~he matters .(we must insert matters or delete thLs exception.): Rights of parties in possession. 6. 7. - Subject to any visible or apparent easement(s) over, under or across . subJect property. Any and all unrecorded leases and/o~ rental agreements, with rights of tenants in possession. 8. 9'. The terms, conditions and stipulations of the La Porte Area Water Authority created, by Ordinance No. 1295, a copy of which has been filed for record under HARRIS co~ntyClerk's File ~0(s)..L8~6773. 10. The terms, .conditions and stipulations of Resolution No. 98-01, A Resolution Authorizing The Acquisition of Rights-Of-Way for flood Control ( CONT. ON SCH. B, PAGE 2) Texas Owner's Policy T-1..(Rev. 1-1-93) Valid Only If Schedule A Schedule B And Cover Page Are Attached