lot 11,bloxk 31,Michael Hicks-grantee LPISD Tax Resale Deed

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~'~~MMONWFAL" . lAND TITLE INSURANCE COMPANY " A Rt'Ii.lncl' yaup ~s Con~lI1V .e G.F. NO. 9030401 D. JONES\M. ADAMS\ds .4. THE LAND REFERRED TO IN THIS COMMITMENT IS DESCRIBED AS FOLLOWS: Lot Twenty-Three (23) and Lot Twenty-Four. (24), Block Nine Hundred Seventy-Four (974), of TOWN OF LA PORTE,. a Subdivision in Harris County, Texas, according to the Map or Plat thereof, recorded in Volume 57, Page 320, of the Deed Records of Harris County, Texas. SCHEDULE B SCHEDULE B OF THE POLICY OR' POLICIES TO BE. ISSUED WILL ALSO CONTAIN THE FOLLOWING EXCLUSIONS AND EXCEPTIONS: THE POLICY WILL BE SUBJECT TO THE CONDITIONS AND STIPULATIONS THEREOF, THE TERMS, AND . CONDITIONS OF THE INSTRUMENT CREATING THE ESTATE INSURED, IF ANY, SHOWN IN SCHEDULE A, AND TO THE FOLLOWING MATTERS WHICH WILL BE ADDITIONAL EXCEPTIONS FROM THE COVERAGE'OF THE POLICY: 1~ THE FOLLOWING RESTRICTIVE COVENANTS OF RECO~D ITEMIZED BELOW, BUT IN ANY MORTGAGEE POLICY OF TITLE INSURANCE, OR MORTGAGEE TITLE POLICY BINDER ON INTERIM CONSTRUCTION LOAN, THE COMPANY WILL GUARANTEE THAT ANY SUCH RESTRICTIVE COVENANTS HAVE NOT BEEN VIOLATED SO,AS TO AFFECT, AND THAT A FUTURE VIOLATION THEREOF WILL NOT AFFECT THE VALIDITY OR PRIORITY OF THE INSURED MORTGAGE: None of record. 2. ANY DISCREPANCIES, CONFLICTS, OR SHORTAGES IN AREA OR BOUNDARY LINES, OR ANY ENCROACHMENTS, OR ANY OVERLAPPING OF IMPROVEMENTS. 3., TAXES FOR THE YEAR 1990 AND SUBSEQUENT YEARS, NOT YET DUE AND PAYABLE, AND SUBSEQUENT ASSESSMENTS FOR' PRIOR YEARS DUE TO CHANGE IN LAND USAGE OR OWNERSHIP. (SUBJECT TO RECEIPT OF EVIDENCE OF PAYMENT OF TAXES FOR PRIOR YEARS.) 4. USURY OR CLAIMS OF USURY. (MORTGAGEE POLICY OR MORTGAGEE TITL~ POLICY BINDER ON INTERIM CONSTRUCTION LOAN, ONLY) 5. ANY RIGHT OF RESCISSION CONTAINED IN ANY CONSUMER CREDIT PROTECTION OR TRUTH-IN-LENDING LAWS. (MORTGAGEE POLICY OR MORTGAGEE TITLE POLICY BINDER ON INTERIM CONSTRUCTION LOAN ONLY) -2- VALID ONLY IF SCHEDULES A, B, C AND COVER PAGE ARE ATTACHED.