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<br />G.F. NO. 8:710837
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<br />COMMONWEALTH LAND TITLE COMPANY OF HOUSTON
<br />1283 North Post ,Oak Road
<br />Houston, Texas 77055
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<br />ABSTRACTER'S LIMITED TITLE CERTIFICATE
<br />Dwner~nip, Liens and N~me Search
<br />SEPTEMBER 10, ~987
<br />
<br />,STATE OF TEXAS
<br />County of Harris,
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<br />CAF' /CLS
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<br />THIS IS TO CERTIFY: That after a careful examination of all of the records
<br />in the offic~s of the Clerks of this ~;ounty and District Courts of this county
<br />(excluding u.e.c. Records), as to the property described as follows: .
<br />
<br />.~~\;
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<br />BEING A 60.794 ACRE (2,648,210 SQUARE FEET) TRACT OF LAND SITUATED IN THE
<br />GEORGE B. MCKINSTRY LEAGUE, ABSTRACT 47, HARRIS COUNTY, TEXAS, AND BEING THE
<br />SAME TRACT DESCRIBED AS 60.792. ACRES. OF LAND CONVEYED TO" QUAKER OATS CHEMICALS,
<br />INC., PER THE DEED RECORDED UNDER FILE NUMBER H406373, FILM ~ODE 011-97-2240 OF
<br />THE HARRIS COUNTY OFFICIAL PUBLIC RECORDS OF REAL PROPERTY, AND BEING MORE
<br />PARTICULARLY DESCRIBED 8Y METES AND BOUNDS ATTACHED HERETO IN EXHIBIT eA', WITH
<br />ALL BEARINGS REFERENCED TO THE TEXAS .COORDINATE SYSTEM, SOUTH CENTRAL ZONE.
<br />
<br />We find the record title to be apparently in:
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<br />SOUTHERN IONleS, INC., AN ALABAMA CORPORATION by virtus of Deed dat~d JUNE 4,
<br />1986, filed for record under Ha~ris ~ounty Clerk'* File No. K570203.
<br />
<br />Subject to the following outstanding liens:
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<br />1. Vendor's Lien retiined in .Deed dated JUNE 4~ 1986, fil~d for record under
<br />County Clerk's File No(s). K570203 iO said County, e~ecuted by QUAKER OATS
<br />CHEMICALS, INC., ,A CORPORATION" to SOUTHERN IONICS, INC., securing the payment
<br />of TWO promissory notes of even date therewith, de~cribed as follows:
<br />NOTE NO. ONE: in the prinCipal amount of $750,000~OO, payable to TEXAS
<br />COMMERCE BANK NATIONAL ASSOCIATION; said note being"additionallv secured by
<br />Deed of Trust of even date therewith to LLOYD L. BOLTON, Trustee, and all
<br />terms, conditions and stipulations contained therein, including any additional
<br />indebtedness secured thereby; filed for record under COIJnty Clerk's Fils No(s).
<br />K570205 'in said County; ,
<br />NOTE NO. T~O: in the principal. amount of $750,000.00, payable to NATIONAL SANK
<br />OF COMMERCE; said note being additionally secured by Deed of Trust of even date
<br />therewith to LLOYD L. BOLTON, Trustee, ~nd all terms, conditions and
<br />stipulations contained thereih, including anv additional indebtedness secured
<br />thereby; filed for record under County Clerk's File No(s). K570205 in said
<br />County.
<br />
<br />2. Vendor~s Lien retained in Deed dated JUNE 4, 1986, filed for record under
<br />County Clerk's File No(s). K570203, in said County, execute~ bv QUAKER OATS
<br />CHEMICALS, INC., A CORPORATION, to SOUTHERN IONICS, INC. secl1ring one
<br />promi~sorv note of even date therewith in the principal amount of $1,450,000.00
<br />payable to GRANTOR; said note hav~ng been additionally secured by Deed of Trust
<br />of even date therewith to CLARK G. THOMPSON, JR., Trustee(s), and all terms, ,
<br />conditions and stipul~tions contained therein, irlcludin~ ~ny additional
<br />indebtedness secured thereby; filed for recqrd under County Clerk's File No(s).
<br />K570206 in said Countv. ~
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<br />SUB.ORDINATION AGREEMENT FILED UNDER CLERK I S F~,LE Nil' K570204 IN SAID COUNTY.
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<br />3. Deed of Trust dated JUNE 4, 1986, filed fo~ record under County Clerk's
<br />F i 1 e No. K5;::'0207 i.n sa id COIJntv, e>~ecuted by SQJJ~HERN I.ONICS, INC., AN 'ALABAMA
<br />CORPORATI.ON, to CLARK G. T~.OMPSON, ..JR., Tr,,:~,~i,~,~~:s), and all ternls,- 'conditions
<br />and s t i pu 1 at i ons cont~:i ned "theI' e in," i nc.llJd i t'i"3 :-'.~,ny a.jd i t i ona I i ndebtedrless .
<br />secur~d thereby; securing one,prpmissorv note of even date therewith in the
<br />~rincipal amount of $~1750,OOO.OO, payable to QUAKER OATS CHEMICALS, INC." A
<br />DELAWARE CORPORATION.
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<br />Examinatior; of Abst.racts. of JLld'.3R1ent and Federal
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<br />Tax Liens has been made a~ to
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<br />986-,.87
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