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<br />CHICAGO TITLE INSURANCE COMPANY <br /> <br />OWNER POLICY OF <br />TITLE INSURANCE <br /> <br />CASE NUMBER <br /> <br />DATE OF <br />POLICY <br />4/30/2007 <br /> <br />POLICY NUMBER <br />72 <br />10043 045641 <br /> <br />2007 CS 608102-U (218)/dm <br />SCHEDULE B <br /> <br />not <br />and <br />and <br />1. <br /> <br />This policy does not insure against loss or damage (and the Company will <br />pay costs, attorney's fees or expenses) that arise by reason of the terms <br />conditions of the eases or easements insured, if any, shown in Schedule A <br />the following matters: <br /> <br />The following restrictive covenants of record itemized below (the Company <br />must either lnsert specific recording data or delete this exception) : <br /> <br />ITEM 1 OF SCHEDULE B IS HEREBY DELETED IN ITS ENTIRETY. <br /> <br />Any discrepancies, conflicts( or shortages in are~ or bovndary lines, or <br />any encroachments or protruslons, or any overlapplng of lmprovements. <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 navlgable or <br />perennial rivers and streams lakes, bays, gulfs or oceans, or <br />b. to lands beyond the line of the harbor or oulkhead lines as established <br />or changed by any government ( or <br />c. to filled-in lanas, or artiflcial islands, or <br />d. to statutory water rights, including riparian rights, or <br />e. to the area extending from the line of mean low tide to the line of <br />vegetation, or the rlght 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 />2007 , and subsequent years; and subsequent taxes and assessments by any <br />taxYng authority for prlor years due to c~ange in land usage or ownersh~p, <br />but not those taxes or assessments for prlor years because of an exemptlon <br />granted to a previou~ owner of the property under Sectio~ 11.13, TEXAS TAX <br />CODE, or because of lmprovements not assessed for a prevlous tax year. <br /> <br />The following matters and all terms of the documents creating or offering <br />evidence of the matters (We must insert matters or delete thlS exception.): <br /> <br />Rights of parties in possession. <br /> <br />2. <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 />Subject to the zoning ordinances now in force in the City of La Porte, <br />Texas. <br /> <br />9. <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 />( 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 />