HomeMy WebLinkAboutGeneral Warranty Deed - John Valade - 807 PENN DRRecorded v ectranica l
Coull
Date Time
GENERAL WARRANTY DEED
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR
STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT
TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC
RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER.
THE STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF Galveston§
THAT, John Valade. hereinafter known as Grantor (whether one or more), of the City of
•r y'
State of , for and in consideration of the sum of Two
Hundred Forty Two Thousand One Hundred Eighty Two and 60/100 Dollars($242,182.60)
to Grantor paid by the City of Friendswood, Texas, the receipt and sufficiency of which is
hereby acknowledged, has granted, sold and conveyed, and by these presents does grant, sell and
convey unto the said City of Friendswood, Texas, hereinafter known as City, its successors and
assigns, the following described property situated in the City of Friendswood, Texas.
807 Penn Dr, Friendswood, TX 77546
Lot Twenty -One (21), of Quakers' Landing, Section Two, a subdivision in Galveston
County, Texas, according to the map or plat thereof recorded in Volume 10, Page 43, in the
Office of the County Clerk of Galveston County, Texas.
The above described property conveyed shall include all right, title and interest, if any, of
Grantor in and to, (1) any land lying in a street, road, tollway, accessway or easement (including
any drainage or flood control easement) open or proposed, in front of, at the side of, adjoining, or
within the above described property, (2) the bed and banks of any bayou, stream, canal or ditch
adjoining or adjacent to the above described property, (3) all reversionary rights attributable to
the above described property, and (4) all rights of ingress and egress to the above described
property by way of open or dedicated roads and streets adjoining the property.
This conveyance is made by Grantor and accepted by the City subject to all valid and
subsisting encumbrances, conditions, covenants, restrictions, reservations, exceptions,
rights -of -way and easements appearing of record in the Official Public Records of Real Property
of Galveston County, Texas, relative to the above described property, but only to the extent the
same are applicable to and enforceable against the City. This conveyance is further made subject
to the restrictions and conditions contained in Exhibit "A" attached hereto and made part hereof.
TO HAVE AND TO HOLD the above described premises, together with all and singular
the rights and appurtenances thereto in anywise belonging unto the said City, its successors and
assigns, forever, and Grantor does hereby bind himself, his, herself, her itself, its themselves, their,
heirs, executors and administrators, its successors and assigns to Warrant and Forever Defend all
and singular the said premises unto the said City, its successors and assigns, against every person
whomsoever lawfully claiming, or to claim the same, or any part thereof, subject to the
reservations from and exceptions to warranty and conveyance described above.
EXECUTED on Decembeg 7 2020
Grantor's Address:
.2- 5 �� �� 0,,(/ 1 1 "La v, I D P-- _
SPn'`broolC FY:z-7di6
Grantee's Address:
910 S. Friendswood Dr.
Friendswood, TX 77546
CAR A NTnR
Pole
L., �ohin Valade
ACKNOWLEDGMENT
THE STATE OF TEXAS §
COUNTY OF GALVESTON §
This instrument was acknowledged before me on City,
8 BOMAN
IL NOTARY ID #1088519-8
My Commission Expires
,Juno 10, 2021
CORDED BY
SOUTH LAND TITLE LLC
GF # BOFW1900895
! e. 0 A 2212c*V0
ignature
Exhibit A
In reference to the property or properties ("Property") conveyed by the Deed between John Valade
participating in the federally -assisted acquisition project ("the Grantor") and the City of Friendswood,
Texas, ("the Grantee"), its successors and assigns:
WHEREAS, The Robert T. Stafford Diaster Relief and Emergency Assistance Act, ("The Stafford Act"),
42 U.S.C. § 5121 et seq., identifies the use of disaster relief funds under § 5170c, Hazard Mitigation
Grant Program, including the acquisition and demolition of structures in the floodplain;
WHEREAS, the mitigation grant program provides a process for a local government, through the State,
to apply for federal funds for mitigation assistance to acquire interests in property, including the
purchase of structures in the floodplain, to demolish and/or remove the structures, and to maintain the
use of the Property as open space in perpetuity;
Whereas, the State has applied for and been awarded such funding from the Department of Homeland
Security, Federal Emergency Management Agency and has entered into a mitigation grant program
Grant Agreement with FEMA for DR 4332, herein incorporated by reference; making it a mitigation
grant program grantee.
Whereas, the Property is located in the City of Friendswood, and the City of Friendswood participates in
the National Flood Insurance Program and is in good standing with NFIP as of the date of the Deed;
Whereas, the City of Friendswoodhas applied for and been awarded federal funds pursuant to an
agreement with the State for DR 4332 ("State -Local Agreement"), and herein incorporated by
reference, making it a mitigation grant program subgrantee;
WHEREAS, the terms of the mitigation grant program statutory authorities, Federal program
requirements consistent with 44 C F.R. Part 80, the Grant Agreement, and the State -local Agreement
require that the Grantee agree to conditions that restrict the use of the land to open space in perpetuity in
order to protect and preserve natural floodplain values;
Now, therefore, the grant is made subject to the following terms and conditions:
1. Terms. Pursuant to the terms of the HMGP program statutory authorities, Federal program
requirements consistent with 44 C.F.R. Part 80, the Grant Agreement, and the State- local Agreement,
the following conditions and restrictions shall apply in perpetuity to the Property described in the
attached deed and acquired by the Grantee pursuant to FEMA program requirements concerning the
acquisition of property for open space:
a. Compatible uses. The Property shall be dedicated and maintained in perpetuity as open space for
the conservation of natural floodplain functions Such uses may include: parks for outdoor recreational
activities; wetlands management; nature reserves; cultivation; grazing; camping (except where adequate
warning time is not available to allow evacuation); unimproved, unpaved parking lots; buffer zones;
and other uses consistent with FEMA guidance for open space acquisition, Hazard Mitigation
Assistance, Requirements for Property Acquisition and Relocation for Open Space
b. Structures. No new structures or improvements shall be erected on the Property other than:
i. A public facility that is open on all sides and functionally related to a designated open space or
recreational use;
ii. A public rest room; or
lii. A structure that is compatible with open space and conserves the natural function of the
floodplain, including the uses described in Paragraph La, , above, and approved by the FEMA
Administrator in writing before construction of the structure begins.
Any improvements on the Property shall be in accordance with proper floodplain management
policies and practices. Structures built on the Property according to paragraph b of this section shall be
floodproofed or elevated to at least the base flood level plus 1 foot of freeboard, or greater, if required
by FEMA, or if required by any State, Tribal, or local ordinance, and in accordance with criteria
established by the FEMA Administrator.
c. Disaster Assistance and Flood Insurance. No Federal entity or source may provide disaster
assistance for any purpose with respect to the Property, nor may any application for such assistance be
made to any Federal entity or source. The Property is not eligible for coverage under the NFIP for
damage to structures on the property occurring after the date of the property settlement, except for
pre-existing structures being relocated off the property as a result of the project.
d. Transfer. The Grantee, including successors in interest, shall convey any interest in the
Property only if the FEMA Regional Administrator, through the State, gives prior written approval
of the transferee in accordance with this paragraph.
i. The request by the Grantee, through the State, to the FEMA Regional Administrator must include
a signed statement from the proposed transferee that it acknowledges and agrees to be bound by the
terms of this section, and documentation of its status as a qualified conservation organization if
applicable.
ii. The Grantee may convey a property interest only to a public entity or to a qualified conservation
organization However, the Grantee may convey an easement or lease to a private individual or entity
for purposes compatible with the uses described in paragraph (a), of this section, with the prior
approval of the FEMA Regional Administrator, and so long as the conveyance does not include
authority to control and enforce the terms and conditions of this section.
iii. If title to the Property is transferred to a public entity other than one with a conservation mission,
it must be conveyed subject to a conservation easement that shall be recorded with the deed and shall
incorporate all terms and conditions set forth in this section, including the easement holder's
responsibility to enforce the easement. This shall be accomplished by one of the following means:
a) The Grantee shall convey, in accordance with this paragraph, a conservation easement to an entity
other than the title holder, which shall be recorded with the deed, or
b) At the time of title transfer, the Grantee shall retain such conservation easement, and record it
with the deed.
iv. Conveyance of any property interest must reference and incorporate the original deed restrictions
providing notice of the conditions in this section and must incorporate a provision for the property
interest to revert to the State, Tribe, or local government in the event that the transferee ceases to exist
or loses its eligible status under this section.
2. Inspection. FEMA, its representatives and assigns including the state or tribe shall have the right to
enter upon the Property, at reasonable times and with reasonable notice, for the purpose of inspecting
the Property to ensure compliance with the terms of this part, the Property conveyance and of the grant
award.
3. Monitoring and Reporting. Every three years, the Grantee (mitigation grant program subgrantee), in
coordination with any current successor in interest, shall submit through the State to the FEMA
Regional Administrator a report certifying that the Grantee has inspected the Property within the month
preceding the report, and that the Property continues to be maintained consistent with the provisions of
44 C.F R Part 80, the property conveyance, and the grant award.
4 Enforcement. The Grantee (mitigation grant program subgrantee), the State, FEMA, and their
respective representatives, successors and assigns, are responsible for taking measures to bring the
Property back into compliance if the Property is not maintained according to the terms of 44 C.F.R.
Part 80, the property conveyance, and the grant award The relative rights and responsibilities of
FEMA, the State, the Grantee, and subsequent holders of the property interest at the time of
enforcement, shall include the following:
a. The State will notify the Grantee and any current holder of the property interest in writing and
advise them that they have 60 days to correct the violation.
i. If the Grantee or any current holder of the property interest fails to demonstrate a good faith effort
to come into compliance with the terms of the grant within the 60-day period, the State shall enforce the
terms of the grant by taking any measures it deems appropriate, including but not limited to bringing an
action at law or in equity in a court of competent jurisdiction.
ii. FEMA, its representatives, and assignees may enforce the terms of the grant by taking
any measures it deems appropriate, including but not limited to 1 or more of the following -
a) Withholding FEMA mitigation awards or assistance from the State or Tribe, and Grantee;
and current holder of the property interest
b) Requiring transfer of title The Grantee or the current holder of the property interest shall bear the
costs of bringing the Property back into compliance with the terms of the grant; or
c) Bringing an action at law or in equity in a court of competent jurisdiction against any or all of
the following parties: the State, the Tribe, the local community, and their respective successors
5. Amendment. This agreement may be amended upon signatures of FEMA, the state, and the Grantee
only to the extent that such amendment does not affect the fundamental and statutory purposes
underlying the agreement.
6 Severability. Should any provision of this grant or the application thereof to any person or
circumstance be found to be invalid or unenforceable, the rest and remainder of the provisions of this
grant and their application shall not be affected and shall remain valid and enforceable.
GRANTOR(S):
Llof<n Valade
GRANTEE:
Morad Kabiri, City Manager
City of Friendswood, Texas
A _�-r r
A K 141114 11FANK 111-
Instrument Number: 2020083164
Filing and Recording Date: 12/23/2020 8:15AM
I hereby certify that this instrument was FILED on the date and time stamped hereo
and RECORDED in the OFFICIAL PUBLIC RECORDS of Galveston County, Texas. I
414,401C
A&
---------------- - ---------------------- -----------------
Cauxity- Clork
Gad u i.i,
D 0 N OT D E ST ROY - Warning, this document is part of the Ofiel-Cial Public Record.
Recorded ectronicall
I D�U.7�l>V 3/lori
Count, 1Jer
Date' Time dirr_
GENERAL WARRANTY DEED
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON,YOU MAY REMOVE OR
STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT
TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC
RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER.
THE STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF Galveston§
THAT, John Valade. hereinafter known as Grantor (whether one or more), of the City of
HtiJ1314 3 , State of -1: ILJ , for and in consideration of the sum of Two
Hundred Forty Two Thousand One Hundred Eighty Two and 60/100 Dollars($242,182.60)
to Grantor paid by the City of Friendswood, Texas, the receipt and sufficiency of which is
hereby acknowledged, has granted, sold and conveyed, and by these presents does grant, sell and
convey unto the said City of Friendswood, Texas, hereinafter known as City, its successors and
assigns, the following described property situated in the City of Friendswood, Texas.
807 Penn Dr, Friendswood, TX 77546
Lot Twenty-One (21), of Quakers' Landing, Section Two, a subdivision in Galveston
County, Texas, according to the map or plat thereof recorded in Volume 10, Page 43, in the
Office of the County Clerk of Galveston County, Texas.
The above described property conveyed shall include all right, title and interest, if any, of
Grantor in and to, (1) any land lying in a street, road, tollway, accessway or easement (including
any drainage or flood control easement) open or proposed, in front of, at the side of, adjoining, or
within the above described property, (2) the bed and banks of any bayou, stream, canal or ditch
adjoining or adjacent to the above described property, (3) all reversionary rights attributable to
the above described property, and (4) all rights of ingress and egress to the above described
property by way of open or dedicated roads and streets adjoining the property.
This conveyance is made by Grantor and accepted by the City subject to all valid and
subsisting encumbrances, conditions, covenants, restrictions, reservations, exceptions,
rights-of-way and easements appearing of record in the Official Public Records of Real Property
1
of Galveston County, Texas, relative to the above described property, but only to the extent the
same are applicable to and enforceable against the City. This conveyance is further made subject
to the restrictions and conditions contained in Exhibit "A" attached hereto and made part hereof.
TO HAVE AND TO HOLD the above described premises, together with all and singular
the rights and appurtenances thereto in anywise belonging unto the said City, its successors and
assigns, forever, and Grantor does hereby bind himself, his, herself, her itself, its themselves,their,
heirs, executors and administrators, its successors and assigns to Warrant and Forever Defend all
and singular the said premises unto the said City, its successors and assigns, against every person
whomsoever lawfully claiming, or to claim the same, or any part thereof, subject to the
reservations from and exceptions to warranty and conveyance described above.
EXECUTED on Decembe-2020
Grantor's Address: GRANTOR:
• •2-5 V3 eeI ,'Ca fr, 0 i--
SeatrooIC ( Y775-Zi1: g! ::
Grantee's Address:
910 S. Friendswood Dr.
Friendswood, TX 77546
ACKNOWLEDGMENT
THE STATE OF TEXAS §
§
COUNTY OF GALVESTON §
This instrument was acknowledged before me on City, : John Val. •e.O I)& ' u f
Ar.ii°1.
. ot. ' . . ignature
j S BOMAN r
l ,Ci NOTARY ID#1088519-8 j
/ ' My Commission Expires
f �' June 10, 2021 CORDED BY
SOUTH LAND TITLE LLC
GF# BOFW1900895
Exhibit A
In reference to the property or properties("Property")conveyed by the Deed between John Valade
participating in the federally-assisted acquisition project("the Grantor")and the City of Friendswood,
Texas,("the Grantee"),its successors and assigns:
WHEREAS,The Robert T. Stafford Diaster Relief and Emergency Assistance Act,("The Stafford Act"),
42 U.S.C. § 5121 et seq., identifies the use of disaster relief funds under§ 5170c,Hazard Mitigation
Grant Program, including the acquisition and demolition of structures in the floodplain;
WHEREAS,the mitigation grant program provides a process for a local government,through the State,
to apply for federal funds for mitigation assistance to acquire interests in property,including the
purchase of structures in the floodplain,to demolish and/or remove the structures,and to maintain the
use of the Property as open space in perpetuity;
Whereas,the State has applied for and been awarded such funding from the Department of Homeland
Security,Federal Emergency Management Agency and has entered into a mitigation grant program
Grant Agreement with FEMA for DR 4332,herein incorporated by reference;making it a mitigation
grant program grantee.
Whereas,the Property is located in the City of Friendswood,and the City of Friendswood participates in
the National Flood Insurance Program and is in good standing with NFIP as of the date of the Deed;
Whereas,the City of Friendswoodhas applied for and been awarded federal funds pursuant to an
agreement with the State for DR 4332 ("State-Local Agreement"),and herein incorporated by
reference,making it a mitigation grant program subgrantee;
WHEREAS,the terms of the mitigation grant program statutory authorities,Federal program
requirements consistent with 44 C.F.R. Part 80,the Grant Agreement,and the State-local Agreement
require that the Grantee agree to conditions that restrict the use of the land to open space in perpetuity in
order to protect and preserve natural floodplain values;
Now,therefore,the grant is made subject to the following terms and conditions:
1.Terms.Pursuant to the terms of the HMGP program statutory authorities,Federal program
requirements consistent with 44 C.F.R.Part 80,the Grant Agreement, and the State-local Agreement,
the following conditions and restrictions shall apply in perpetuity to the Property described in the
attached deed and acquired by the Grantee pursuant to FEMA program requirements concerning the
acquisition of property for open space:
a. Compatible uses. The Property shall be dedicated and maintained in perpetuity as open space for
the conservation of natural floodplain functions. Such uses may include: parks for outdoor recreational
activities; wetlands management; nature reserves;cultivation;grazing; camping(except where adequate
warning time is not available to allow evacuation); unimproved,unpaved parking lots; buffer zones;
and other uses consistent with FEMA guidance for open space acquisition,Hazard Mitigation
Assistance,Requirements for Property Acquisition and Relocation for Open Space.
b. Structures. No new structures or improvements shall be erected on the Property other than:
i.A public facility that is open on all sides and functionally related to a designated open space or
recreational use;
ii.A public rest room; or
iii.A structure that is compatible with open space and conserves the natural function of the
floodplain, including the uses described in Paragraph 1.a.,above,and approved by the FEMA
Administrator in writing before construction of the structure begins.
Any improvements on the Property shall be in accordance with proper floodplain management
policies and practices. Structures built on the Property according to paragraph b. of this section shall be
floodproofed or elevated to at least the base flood level plus 1 foot of freeboard, or greater,if required
by FEMA,or if required by any State,Tribal,or local ordinance,and in accordance with criteria
established by the FEMA Administrator.
c. Disaster Assistance and Flood Insurance. No Federal entity or source may provide disaster
assistance for any purpose with respect to the Property,nor may any application for such assistance be
made to any Federal entity or source. The Property is not eligible for coverage under the NFIP for
damage to structures on the property occurring after the date of the property settlement, except for
pre-existing structures being relocated off the property as a result of the project.
d. Transfer. The Grantee,including successors in interest,shall convey any interest in the
Property only if the FEMA Regional Administrator,through the State,gives prior written approval
of the transferee in accordance with this paragraph.
i.The request by the Grantee,through the State,to the FEMA Regional Administrator must include
a signed statement from the proposed transferee that it acknowledges and agrees to be bound by the
terms of this section,and documentation of its status as a qualified conservation organization if
applicable.
ii. The Grantee may convey a property interest only to a public entity or to a qualified conservation
organization. However,the Grantee may convey an easement or lease to a private individual or entity
for purposes compatible with the uses described in paragraph(a),of this section,with the prior
approval of the FEMA Regional Administrator,and so long as the conveyance does not include
authority to control and enforce the terms and conditions of this section.
iii. If title to the Property is transferred to a public entity other than one with a conservation mission,
it must be conveyed subject to a conservation easement that shall be recorded with the deed and shall
incorporate all terms and conditions set forth in this section, including the easement holder's
responsibility to enforce the easement. This shall be accomplished by one of the following means:
a)The Grantee shall convey, in accordance with this paragraph,a conservation easement to an entity
other than the title holder,which shall be recorded with the deed,or
b)At the time of title transfer,the Grantee shall retain such conservation easement,and record it
with the deed.
iv. Conveyance of any property interest must reference and incorporate the original deed restrictions
providing notice of the conditions in this section and must incorporate a provision for the property
interest to revert to the State,Tribe,or local government in the event that the transferee ceases to exist
or loses its eligible status under this section.
2.Inspection.FEMA,its representatives and assigns including the state or tribe shall have the right to
enter upon the Property,at reasonable times and with reasonable notice,for the purpose of inspecting
the Property to ensure compliance with the terms of this part,the Property conveyance and of the grant
award.
3.Monitoring and Reporting. Every three years,the Grantee(mitigation grant program subgrantee), in
coordination with any current successor in interest,shall submit through the State to the FEMA
Regional Administrator a report certifying that the Grantee has inspected the Property within the month
preceding the report,and that the Property continues to be maintained consistent with the provisions of
44 C.F.R.Part 80,the property conveyance,and the grant award.
4.Enforcement.The Grantee(mitigation grant program subgrantee),the State,FEMA,and their
respective representatives, successors and assigns,are responsible for taking measures to bring the
Property back into compliance if the Property is not maintained according to the terms of 44 C.F.R.
Part 80,the property conveyance,and the grant award. The relative rights and responsibilities of
FEMA,the State, the Grantee,and subsequent holders of the property interest at the time of
enforcement, shall include the following:
a.The State will notify the Grantee and any current holder of the property interest in writing and
advise them that they have 60 days to correct the violation.
i. If the Grantee or any current holder of the property interest fails to demonstrate a good faith effort
to come into compliance with the terms of the grant within the 60-day period,the State shall enforce the
terms of the grant by taking any measures it deems appropriate,including but not limited to bringing an
action at law or in equity in a court of competent jurisdiction.
ii. FEMA, its representatives,and assignees may enforce the terms of the grant by taking
any measures it deems appropriate, including but not limited to 1 or more of the following:
a)Withholding FEMA mitigation awards or assistance from the State or Tribe, and Grantee;
and current holder of the property interest.
b)Requiring transfer of title. The Grantee or the current holder of the property interest shall bear the
costs of bringing the Property back into compliance with the terms of the grant; or
c)Bringing an action at law or in equity in a court of competent jurisdiction against any or all of
the following parties:the State,the Tribe,the local community,and their respective successors
5.Amendment.This agreement may be amended upon signatures of FEMA,the state, and the Grantee
only to the extent that such amendment does not affect the fundamental and statutory purposes
underlying the agreement.
6. Severability. Should any provision of this grant or the application thereof to any person or
circumstance be found to be invalid or unenforceable,the rest and remainder of the provisions of this
grant and their application shall not be affected and shall remain valid and enforceable.
GRANTOR(S):
n Valade
GRANTEE:
Morad Kabiri,City Manager
City of Friendswood,Texas
FILED AND RECORDED
Instrument Number: 2020083164
Recording Fee: 46.00
Number Of Pages:7
Filing and Recording Date: 12/23/2020 8: 15AM
I hereby certify that this instrument was FILED on the date and time stamped hereon
and RECORDED in the OFFICIAL PUBLIC RECORDS of Galveston County, Texas.
a r v
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t 4 1 i t` .:` JR /4416,---- If
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Tsons,1
`,`�) :''' Zvi ht D. Sullivan, County Clerk
x Ca1' eston County, I t'.x i'
DO NOT DESTROY - Warning, this document is part of the Official Public Record.
SOULLIA1
a TEXAN*TITLF,COMPANY
12/23/2020
City of Friendswood,Texas
910 S.Friendswood Drive
Friendswood,TX 77546
RE: GF Number: BOFW1900895
Seller:John Valade
Buyer/Borrower: City of Friendswood,Texas
Property: 807 Penn Dr
Friendswood,TX 77546
Closer Name: Buyout
Dear Policyholder,
In connection with the above transaction,we enclose your Owner Policy of Title Insurance. Please
retain this document in a safe place.
Your deed has been filed for record in the County Clerk's office.
It has been a pleasure to serve you. Please keep us in mind in the future if you decide to sell or refinance
your property,as we can process your transaction quickly.
Should you have any questions or if we can be of further assistance,please do not hesitate to contact us.
Sincerely,
Irene A. Lozano
Policy Department
/ial
192 Gulf Freeway S.Suite C-2, League City, Texas 77573•(281)338-2225•Fax (281)338-2205
POLICY NO.T1-1619-10001368
OWNER'S POLICY OF TITLE INSURANCE (T-1)
ISSUED BY
TEXAN TITLE INSURANCE COMPANY
Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to the
Company at the address shown in Section 18 of the Conditions.
COVERED RISKS
SUBJECT TO THE EXCLUSIONS FROM COVERAGE,THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B
AND THE CONDITIONS,TEXAN TITLE INSURANCE COMPANY,a Texas corporation(the"Company")insures,as of Date of Policy
and, to the extent stated in Covered Risks 9 and 10, after Date of Policy,against loss or damage,not exceeding the Amount of Insurance,
sustained or incurred by the Insured by reason of:
1. Title being vested other than as stated in Schedule A.
2. Any defect in or lien or encumbrance on the Title.This Covered Risk includes but is not limited to insurance against loss from:
(a) A defect in the Title caused by:
(i) forgery,fraud,undue influence,duress,incompetency,incapacity or impersonation;
(ii) failure of any person or Entity to have authorized a transfer or conveyance;
(iii) a document affecting Title not properly created,executed,witnessed,sealed,acknowledged,notarized or delivered;
(iv) failure to perform those acts necessary to create a document by electronic means authorized by law;
(v) a document executed under a falsified,expired or otherwise invalid power of attorney;
(v) a document not properly filed, recorded or indexed in the Public Records including failure to perform those acts by
electronic means authorized by law;or
(vii) a defective judicial or administrative proceeding.
(b) The lien of real estate taxes or assessments imposed on the Title by a governmental authority due or payable,but unpaid.
(c) Any encroachment, encumbrance,violation,variation, or adverse circumstance affecting the Title that would be disclosed by an
accurate and complete land survey of the Land. The term "encroachment" includes encroachments of existing improvements
located on the Land onto adjoining land,and encroachments onto the Land of existing improvements located on adjoining land.
(d) Any statutory or constitutional mechanic's, contractor's, or materialman's lien for labor or materials having its inception on or
before Date of Policy.
3. Lack of good and indefeasible Title.
4. No right of access to and from the Land.
Covered Risks continued on next page.
IN WITNESS WHEREOF,Texan Title Insurance Company has caused this policy to be signed and sealed by its duly authorized officers
as of Date of Policy shown in Schedule A.
Countersigned by:
Texan Title Insurance Company
--•
TEXAN IE TITLE
INSURANCE COMPANY
�Real Teas TWO eanv`nr--
Patrick . oyle,Pre. 1 nt
Authorized Countersignature
South Land Title,LLC
Company Name
For coverage information or assistance resolving a complaint,call(866)55-TEXAN or visit www.texantitle.com. To make a claim,furnish written notice in accordance with
Section 3 of the Conditions.
File No.BOFW1900895
Owner's Policy of Title Insurance(I'-1)-Version 1/3/14
•
5. The violation or enforcement of any law, ordinance,permit, or governmental regulation (including those relating to building and
zoning)restricting,regulating,prohibiting or relating to:
(a) the occupancy,use or enjoyment of the Land;
(b) the character,dimensions or location of any improvement erected on the Land;
(c) subdivision of land;or
(d) environmental protection
if a notice,describing any part of the Land, is recorded in the Public Records setting forth the violation or intention to enforce,but
only to the extent of the violation or enforcement referred to in that notice.
6. An enforcement action based on the exercise of a governmental police power not covered by Covered Risk 5 if a notice of the
enforcement action, describing any part of the Land,is recorded in the Public Records,but only to the extent of the enforcement
referred to in that notice.
7. The exercise of the rights of eminent domain if a notice of the exercise,describing any part of the Land, is recorded in the Public
Records.
8. Any taking by a governmental body that has occurred and is binding on the rights of a purchaser for value without Knowledge.
9. Title being vested other than as stated in Schedule A or being defective:
(a) as a result of the avoidance in whole or in part, or from a court order providing an alternative remedy,of a transfer of all or any
part of the title to or any interest in the Land occurring prior to the transaction vesting Title as shown in Schedule A because that
prior transfer constituted a fraudulent or preferential transfer under federal bankruptcy,state insolvency or similar creditors'rights
laws;or
(b) because the instrument of transfer vesting Title as shown in Schedule A constitutes a preferential transfer under federal
bankruptcy,state insolvency or similar creditors'rights laws by reason of the failure of its recording in the Public Records:
(i) to be timely,or
(ii) to impart notice of its existence to a purchaser for value or a judgment or lien creditor.
10. Any defect in or lien or encumbrance on the Title or other matter included in Covered Risks 1 through 9 that has been created or
attached or has been filed or recorded in the Public Records subsequent to Date of Policy and prior to the recording of the deed or
other instrument of transfer in the Public Records that vests Title as shown in Schedule A.
The Company will also pay the costs,attorneys'fees and expenses incurred in defense of any matter insured against by this
Policy,but only to the extent provided in the Conditions.
EXCLUSIONS FROM COVERAGE
The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage, costs,
attorneys'fees or expenses that arise by reason of:
1. (a) Any law, ordinance,permit, or governmental regulation (including those relating to building and zoning) restricting,regulating,
prohibiting or relating to:
(i) the occupancy,use,or enjoyment of the Land;
(ii) the character,dimensions or location of any improvement erected on the Land;
(iii)subdivision of land;or
(iv) environmental protection;
or the effect of any violation of these laws,ordinances or governmental regulations.This Exclusion 1(a) does not modify or limit
the coverage provided under Covered Risk 5.
(b)Any governmental police power.This Exclusion 1(b)does not modify or limit the coverage provided under Covered Risk 6.
2. Rights of eminent domain.This Exclusion does not modify or limit the coverage provided under Covered Risk 7 or 8.
3. Defects,liens,encumbrances,adverse claims or other matters:
(a) created,suffered,assumed or agreed to by the Insured Claimant;
(b) not Known to the Company,not recorded in the Public Records at Date of Policy,but Known to the Insured Claimant and not
disclosed in writing to the Company by the Insured Claimant prior to the date the Insured Claimant became an Insured under this
policy;
(c) resulting in no loss or damage to the Insured Claimant;
(d) attaching or created subsequent to Date of Policy(however, this does not modify or limit the coverage provided under Covered
Risk 9 and 10);or
(e) resulting in loss or damage that would not have been sustained if the Insured Claimant had paid value for the Title.
4. Any claim, by reason of the operation of federal bankruptcy, state insolvency, or similar creditors'rights laws, that the transaction
vesting the Title as shown in Schedule A,is:
(a) a fraudulent conveyance or fraudulent transfer;or
(b) a preferential transfer for any reason not stated in Covered Risk 9 of this policy.
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Owner's Policy of Title Insurance(T-1)-Version 1/3/14
5. Any lien on the Title for real estate taxes or assessments imposed by governmental authority and created or attaching between Date of
Policy and the date of recording of the deed or other instrument of transfer in the Public Records that vests Title as shown in Schedule
A.
6. The refusal of any person to purchase,lease or lend money on the estate or interest covered hereby in the land described in Schedule
A because of Unmarketable Title.
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CONDITIONS
1. DEFINITION OF TERMS.
The following terms when used in this policy mean:
(a) "Amount of Insurance': the amount stated in Schedule A,as may be increased or decreased by endorsement to this policy,increased
by Section 8(b),or decreased by Sections 10 and 11 of these Conditions.
(b) 'Date of Policy':The date designated as"Date of Policy;'in Schedule A.
(c) "Entity":A corporation,partnership,trust,limited liability company or other similar legal entity.
(d) "Insured":the Insured named in Schedule A.
(i) The term"Insured"also includes:
(A) successors to the Title of the Insured by operation of law as distinguished from purchase, including heirs, devisees,
survivors,personal representatives or next of kin;
(B) successors to an Insured by dissolution,merger,consolidation,distribution or reorganization;
(C) successors to an Insured by its conversion to another kind of Entity;
(D) a grantee of an Insured under a deed delivered without payment of actual valuable consideration conveying the Title;
(1) If the stock,shares,memberships,or other equity interests of the grantee are wholly-owned by the named Insured,
(2) If the grantee wholly owns the named Insured,
(3) If the grantee is wholly-owned by an affiliated Entity of the named Insured,provided the affiliated Entity and the
named Insured are both wholly-owned by the same person or Entity,or
(4) If the grantee is a trustee or beneficiary of a trust created by a written instrument established by the Insured named in
Schedule A for estate planning purposes.
(ii) With regard to(A),(B),(C)and(D)reserving,however,all rights and defenses as to any successor that the Company would have
had against any predecessor Insured.
(e) "Insured Claimant":an Insured claiming loss or damage.
O "Knowledge"or"Known":actual knowledge,not constructive knowledge or notice that may be imputed to an Insured by reason of
the Public Records or any other records that impart constructive notice of matters affecting the Title.
(g) "Land":the land described in Schedule A,and affixed improvements that by law constitute real property.The term "Land"does not
include any property beyond the lines of the area described in Schedule A,nor any right,title,interest,estate or easement in abutting
streets,roads,avenues,alleys,lanes,ways or waterways,but this does not modify or limit the extent that a right of access to and from
the Land is insured by this policy.
(h) "Mortgage":mortgage,deed of trust,trust deed,or other security instrument,including one evidenced by electronic means authorized
by law.
(i) "Public Records":records established under state statutes at Date of Policy for the purpose of imparting constructive notice of matters
relating to real property to purchasers for value and without Knowledge.With respect to Covered Risk 5(d),"Public Records"shall also
include environmental protection liens filed in the records of the clerk of the United States District Court for the district where the
Land is located.
6) "Title":the estate or interest described in Schedule A.
(k) "UnmarketableTitle":Title affected by an alleged or apparent matter that would permit a prospectivepurchaser or lessee of the Title or
lender on the Title to be released from the obligation to purchase,lease or lend if there is a contractual condition requiring the delivery
of marketable title.
2. CONTINUATION OF INSURANCE.
The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured,but only so long as the Insured retains an
estate or interest in the Land,or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured,or only
so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.This policy shall not continue in
force in favor of any purchaser from the Insured of either(i) an estate or interest in the Land,or(ii) an obligation secured by a purchase
money Mortgage given to the Insured.
3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT.
The Insured shall notify the Company promptly in writing (i) in case of any litigation as set forth in Section 5(a)below, or (ii) in case
Knowledge shall come to an Insured hereunder of any claim of title or interest that is adverse to the Title,as insured,and that might cause
loss or damage for which the Company may be liable by virtue of this policy.If the Company is prejudiced by the failure of the Insured
Claimant to provide prompt notice,the Company's liability to the Insured Claimant under the policy shall be reduced to the extent of the
prejudice.
When, after the Date of the Policy,the Insured notifies the Company as required herein of a lien,encumbrance, adverse claim or other
defect in Tide insured by this policy that is not exduded or excepted from the coverage of this policy, the Company shall promptly
investigate the charge to determine whether the lien,encumbrance,adverse claim or defect or other matter is valid and not barred by law or
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statute.The Company shall notify the Insured in writing,within a reasonable time,of its determination as to the validity or invalidity of the
Insured's claim or charge under the policy.If the Company concludes that the lien,encumbrance,adverse claim or defect is not covered by
this policy,or was otherwise addressed in the closing of the transactionin connection with which this policy was issued,the Company shall
specifically advise the Insured of the reasons for its determination.If the Company condudes that the lien,encumbrance,adverse claim or
defect is valid,the Company shall take one of the following actions:(i)institute the necessary proceedings to clear the lien,encumbrance,
adverse claim or defect from the Title as insured;(ii)indemnify the Insured as provided in this policy;(iii)upon payment of appropriate
premium and charges therefore,issue to the Insured Claimant or to a subsequentowner,mortgagee or holder of the estate or interest in the
Land insured by this policy,a policy of title insurance without exception for the lien,encumbrance,adverse claim or defect,said policy to be
in an amount equal to the current value of the Land or,if a loan policy,the amount of the loan; (iv)indemnify another title insurance
company in connection with its issuance of a policy(ies)of title insurance without exception for the lien,encumbrance, adverse claim or
defect;(v)secure a release or other document dischargingthe lien,encumbrance,adverse claim or defect;or(vi)undertake a combinationof
(i)through(v)herein.
4. PROOF OF LOSS.
In the event the Company is unable to determine the amount of loss or damage,the Company may,at its option,require as a condition of
payment that the Insured Claimant furnish a signed proof of loss.The proof of loss must describe the defect,lien,encumbrance or other
matter insured against by this policy that constitutes the basis of loss or damage and shall state,to the extent possible,the basis of calculating
the amount of the loss or damage.
5. DEFENSE AND PROSECUTION OF ACTIONS.
(a) Upon written request by the Insured,and subject to the options contained in Sections 3 and 7 of these Conditions,the Company,at its
own cost and without unreasonable delay,shall provide for the defense of an Insured in litigation in which any third party asserts a
claim covered by this policy adverse to the Insured.This obligation is limited to only those stated causes of action alleging matters
insured against by this policy.The Company shall have the right to select counsel of its choice(subject to the right of the Insured to
object for reasonable cause)to represent the Insured as to those stated causes of action.It shall not be liable for and will not pay the
fees of any other counsel.The Company will not pay any fees,costs or expenses incurred by the Insured in the defense of those causes
of action that allege matters not insured against by this policy.
(b) The Company shall have the right,in addition to the options contained in Sections 3 and 7,at its own cost,to institute and prosecute
any action or proceeding or to do any other act that in its opinion may be necessary or desirable to establish the Title,as insured,or to
prevent or reduce loss or damage to the Insured. The Company may take any appropriate action under the terms of this policy,
whether or not it shall be liable to the Insured. The exercise of these rights shall not be an admission of liability or waiver of any
provision of this policy.If the Company exercises its rights under this subsection,it must do so diligently.
(c) Whenever the Company brings an action or asserts a defense as required or permitted by this policy, the Company may pursue the
litigation to a final determination by a court of competent jurisdiction and it expressly reserves the right,in its sole discretion,to appeal
from any adverse judgment or order.
6. DUTY OF INSURED CLAIMANT TO COOPERATE.
(a) In all cases where this policy permits or requires the Company to prosecute or provide for the defense of any action or proceedingand
any appeals,the Insured shall secure to the Company the right to so prosecute or provide defense in the action or proceeding,including
the right to use, at its option, the name of the Insured for this purpose. Whenever requested by the Company,the Insured, at the
Company's expense,shall give the Company all reasonable aid(i) in securing evidence,obtaining witnesses,prosecuting or defending
the action or proceeding,or effecting settlement,and(ii)in any other lawful act that in the opinion of the Company may be necessary
or desirable to establish the Title or any other matter as insured.If the Company is prejudiced by the failure of the Insured to furnish
the required cooperation,the Company's obligations to the Insured under the policy shall terminate,including any liability or obligation
to defend,prosecute,or continue any litigation,with regard to the matter or matters requiring such cooperation.
(b) The Company may reasonably require the Insured Claimant to submit to examination under oath by any authorized representative of
the Company and to produce for examination,inspection and copying,at such reasonable times and places as may be designated by the
authorized representative of the Company,all records,in whatever medium maintained,including books,ledgers,checks,memoranda,
correspondence,reports,e-mails,disks,tapes,and videos whether bearing a date before or after Date of Policy,that reasonably pertain
to the loss or damage. Further, if requested by any authorized representative of the Company, the Insured Claimant shall grant its
permission, in writing, for any authorized representative of the Company to examine, inspect and copy all of these records in the
custody or control of a third party that reasonably pertain to the loss or damage. All information designated as confidential by the
Insured Claimant provided to the Company pursuant to this Section shall not be disclosed to others unless,in the reasonable judgment
of the Company,it is necessary in the administration of the claim. Failure of the Insured Claimant to submit for examination under
oath,produce any reasonably requested information or grant permission to secure reasonably necessary information from third parties
as required in this subsection,unless prohibited by law or governmental regulation,shall terminate any liability of the Company under
this policy as to that claim.
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7. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS;TERMINATION OF LIABILITY.
In case of a claim under this policy,the Company shall have the following additional options:
(a) To Pay or Tender Payment of the Amount of Insurance.
To pay or tender payment of the Amount of Insurance under this policy together with any costs,attorneys'fees and expenses
incurred by the Insured Claimant that were authorized by the Company up to the time of payment or tender of payment and that
the Company is obligated to pay.
Upon the exercise by the Company of this option,all liability and obligations of the Company to the Insured under this policy,other than to
make the payment required in this subsection, shall terminate,including any liability or obligation to defend, prosecute, or continue any
litigation.
(b) To Pay or Otherwise Settle with Parties Other than the Insured or With the Insured Claimant.
(i) to pay or otherwise settle with other parties for or in the name of an Insured Claimant any claim insured against under this policy.
In addition,the Company will pay any costs,attorneys'fees and expenses incurred by the Insured Claimant that were authorized by
the Company up to the time of payment and that the Company is obligated to pay;or
(n) to pay or otherwise settle with the Insured Claimant the loss or damage provided for under this policy,together with any costs,
attorneys'fees and expenses incurred by the Insured Claimant that were authorized by the Company up to the time of payment and
that the Company is obligated to pay.Upon the exercise by the Company of either of the options provided for in subsections(b)(i)
or(i),the Company's obligations to the Insured under this policy for the claimed loss or damage,other than the payments required
to be made,shall terminate,including any liability or obligation to defend,prosecute or continue any litigation.
8. DETERMINATION AND EXTENT OF LIABILITY.
This policy is a contract of indemnity against actual monetary loss or damage sustained or incurred by the Insured Claimant who has
suffered loss or damage by reason of matters insured against by this policy.
(a) The extent of liability of the Company for loss or damage under this policy shall not exceed the lesser of:
(i) the Amount of Insurance;or
(it)the difference between the value of the Tide as insured and the value of the Title subject to the risk insured against by this policy.
(b) If the Company pursues its rights under Section 3 or 5 and is unsuccessful in establishing the Title,as insured,
(i) the Amount of Insurance shall be increased by 10%,and
(i)the Insured Claimant shall have the right to have the loss or damage determined either as of the date the claim was made by the
Insured Claimant or as of the date it is settled and paid.
(c) In addition to the extent of liability under(a)and(b),the Company will also pay those costs,attorneys'fees and expenses incurred in
accordance with Sections 5 and 7 of these Conditions.
9. LIMITATION OF LIABILITY.
(a) If the Company establishes the Tide,or removes the alleged defect,lien or encumbrance,or cures the lack of a right of access to or
from the Land, all as insured, or takes action in accordance with Section 3 or 7, in a reasonably diligent manner by any method,
including litigation and the completion of any appeals,it shall have fully performed its obligations with respect to that matter and shall
not be liable for any loss or damage caused to the Insured.
(b) In the event of any litigation,including litigation by the Company or with the Company's consent,the Company shall have no liability
for loss or damage until there has been a final determinationby a court of competent jurisdiction,and disposition of all appeals,adverse
to the Title,as insured.
(c) The Company shall not be liable for loss or damage to the Insured for liability voluntarily assumed by the Insured in settling any claim
or suit without the prior written consent of the Company.
10.REDUCTION OF INSURANCE;REDUCTION OR TERMINATION OF LIABILITY.
All payments under this policy,except payments made for costs,attorneys'fees and expenses,shall reduce the Amount of Insurance by the
amount of the payment.
11.LIABILITY NONCUMULATIVE.
The Amount of Insurance shall be reduced by any amount the Company pays under any policy insuring a Mortgage to which exception is
taken in Schedule B or to which the Insured has agreed,assumed,or taken subject or which is executed by an Insured after Date of Policy
and which is a charge or lien on the Title,and the amount so paid shall be deemed a payment to the Insured under this policy.
12. PAYMENT OF LOSS.
When liability and the extent of loss or damage have been definitely fixed in accordance with these Conditions,the payment shall be made
within 30 days.
13.RIGHTS OF RECOVERY UPON PAYMENT OR SETTLEMENT.
(a) Whenever the Company shall have settled and paid a claim under this policy,it shall be subrogated and entitled to the rights of the
Insured Claimant in the Title and all other rights and remedies in respect to the claim that the Insured Claimant has against any person
or property, to the extent of the amount of any loss, costs,attorneys' fees and expenses paid by the Company. If requested by the
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Owner's Policy of Title Insueance(T-1)-Version 1/3/14
Company,the Insured Claimant shall execute documents to evidence the transfer to the Company of these rights and remedies.The
Insured Claimant shall permit the Company to sue,compromise or settle in the name of the Insured Claimant and to use the name of
the Insured Claimant in any transaction or litigation involving these rights and remedies.
If a payment on account of a claim does not fully cover the loss of the Insured Claimant,the Company shall defer the exercise of its
right to recover until after the Insured Claimant shall have recovered its loss.
(b) The Company's right of subrogation includes the rights of the Insured to indemnities,guaranties,other policies of insurance or bonds,
notwithstanding any terms or conditions contained in those instruments that address subrogation rights.
14.ARBITRATION.
Either the Company or the Insured may demand that the claim or controversy shall be submitted to arbitration pursuant to the Title
Insurance Arbitration Rules of the American Land Title Association("Rules").Except as provided in the Rules,there shall be no joinder or
consolidationwith claims or controversies of other persons.Arbitrable matters may include,but are not limited to,any controversy or claim
between the Company and the Insured arising out of or relating to this policy,any service in connection with its issuance or the breach of a
policy provision,or to any other controversy or claim arising out of the transactiongiving rise to this policy.All arbitrable matters when the
Amount of Insurance is$2,000,000 or less shall be arbitrated at the option of either the Company or the Insured,unless the Insured is an
individual person(as distinguished from an Entity).All arbitrable matters when the Amount of Insurance is in excess of$2,000,000 shall be
arbitrated only when agreed to by both the Company and the Insured.Arbitration pursuant to this policy and under the Rules shall be
binding upon the parties.Judgment upon the award rendered by the Arbitrator(s)may be entered in any court of competent jurisdiction.
15.LIABILITY LIMITED TO THIS POLICY;POLICY ENTIRE CONTRACT.
(a) This policy together with all endorsements,if any,attached to it by the Company is the entire policy and contract between the Insured
and the Company.In interpreting any provision of this policy,this policy shall be construed as a whole.
(b) Any claim of loss or damage that arises out of the status of the Title or by any action asserting such claim,shall be restricted to this
policy.
(c) Any amendment of or endorsement to this policy must be in writing and authenticated by an authorized person, or expressly
incorporated by Schedule A of this policy.
(d) Each endorsement to this policy issued at any time is made a part of this policy and is subject to all of its terms and provisions.Except
as the endorsement expressly states, it does not (i) modify any of the terms and provisions of the policy, (u) modify any prior
endorsement,(iii)extend the Date of Policy or(iv)increase the Amount of Insurance.Each Commitment,endorsement or other form,
or provision in the Schedules to this policy that refers to a term defined in Section 1 of the Conditions shall be deemed to refer to the
term regardless of whether the term is capitalized in the Commitment,endorsement or other form,or Schedule. Each Commitment,
endorsement or other form,or provision in the Schedules that refers to the Conditions and Stipulations shall be deemed to refer to the
Conditions of this policy.
16.SEVERABILITY.
In the event any provision of this policy,in whole or in part,is held invalid or unenforceable under applicable law, the policy shall be
deemed not to include that provision or such part held to be invalid and all other provisions shall remain in full force and effect.
17.CHOICE OF LAW;FORUM.
(a) Choice of Law:The Insured acknowledges the Company has underwritten the risks covered by this policy and determined the
premium chargedthereforin reliance upon the law affecting interests in real property and applicable to the interpretation,rights,
remedies or enforcement of policies of title insurance of the jurisdiction where the Land is located.
Therefore,the court or an arbitrator shall apply the law of the jurisdiction where the Land is located to determine the validity of claims
against the Title that are adverse to the Insured,and in interpretingand enforcing the terms of this policy.In neither case shall the court
or arbitrator apply its conflicts of laws principles to determine the applicable law.
(b) Choice of Forum: Any litigation or other proceeding brought by the Insured against the Company must be filed only in a state or
federal court within the United States of America or its territories having appropriate jurisdiction.
18.NOTICES,WHERE SENT.
Any notice of claim and any other notice or statement in writing required to be given the Company under this Policy must be given to the
Company at 6710Stewait Road,Suite 300,Galveston,Texas 77551.
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Owner's Policy of Title Insurance(T-1)-Version 1/3/14
SOUTH LAND TITLE,LLC
PRIVACY POLICY
PURPOSE OF THIS NOTICE
Title V of the Gramm-Leach-Bliley Act(GLBA) generally prohibits any financial institution,directly or
through its affiliates, from sharing nonpublic personal information about you with a non-affiliated third
party unless the institution provides you with a notice of its privacy policies and practices, such as the
type of information that it collects about you and the categories of persons or entities to whom it may be
disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you
of the privacy policies and practices of SOUTH LAND TITLE,LLC.
We may collect nonpublic personal information about you from the following sources:
• Information we receive from you,such as on applications or other forms
• Information about your transactions we secure from our files,or from our affiliates or others
• Information we receive from a consumer reporting agency
• Information that we receive from others involved in your transaction, such as the real estate agent
or lender
Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic
personal information will be collected about you.
WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT OUR
CUSTOMERS OR FORMER CUSTOMERS TO ANYONE, EXCEPT AS PERMITTED BY
LAW.
WE RESTRICT ACCESS TO NONPUBLIC PERSONAL INFORMATION ABOUT YOU TO
THOSE EMPLOYEES WHO NEED TO KNOW THAT INFORMATION TO PROVIDE THE
PRODUCTS OR SERVICES REQUESTED BY YOU OR YOUR LENDER.
WE MAINTAIN PHYSICAL, ELECTRONIC, AND PROCEDURAL SAFEGUARDS THAT
COMPLY WITH APPROPRIATE FEDERAL AND STATE REGULATIONS.
NO PERSON, ENTITY OR FIRM WHO IS NOT A PARTY TO YOUR CONTRACT IS PERMITTED
TO RECEIVE ANY INFORMATION FROM THIS COMPANY ON ANY MATTER RELATED TO
YOUR CONTRACT.
South Land Title,LLC
6710 Stewart Road
Suite 200
Galveston,TX 77551
Agent for Texan Title Insurance Company
DOYLE LAW FIRM,PLLC
PRIVACY POLICY NOTICE
PURPOSE OF THIS NOTICE
Title V of the Gramm-Leach-Bliley Act(GLBA) generally prohibits any financial institution,directly or
through its affiliates, from sharing nonpublic personal information about you with a non-affiliated third
party unless the institution provides you with a notice of its privacy policies and practices, such as the
type of information that it collects about you and the categories of persons or entities to whom it may be
disclosed. In compliance with the GLBA, we are providing you with this document, which notifies you
of the privacy policies and practices of DOYLE LAW FIRM,PLLC..
We may collect nonpublic personal information about you from the following sources:
• Information we receive from you,such as on applications or other forms
• Information about your transactions we secure from our files,or from our affiliates or others
• Information we receive from a consumer reporting agency
• Information that we receive from others involved in your transaction, such as the real estate agent
or lender
Unless it is specifically stated otherwise in an amended Privacy Policy Notice, no additional nonpublic
personal information will be collected about you.
WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT OUR
CUSTOMERS OR FORMER CUSTOMERS TO ANYONE, EXCEPT AS PERMITTED BY
LAW.
WE RESTRICT ACCESS TO NONPUBLIC PERSONAL INFORMATION ABOUT YOU TO
THOSE EMPLOYEES WHO NEED TO KNOW THAT INFORMATION TO PROVIDE THE
PRODUCTS OR SERVICES REQUESTED BY YOU OR YOUR LENDER.
WE MAINTAIN PHYSICAL, ELECTRONIC, AND PROCEDURAL SAFEGUARDS THAT
COMPLY WITH APPROPRIATE FEDERAL AND STATE REGULATIONS.
NO PERSON, ENTITY OR FIRM WHO IS NOT A PARTY TO YOUR CONTRACT IS PERMITTED
TO RECEIVE ANY INFORMATION FROM THIS COMPANY ON ANY MATTER RELATED TO
YOUR CONTRACT.
A. Settlement Statement OMB No. 2502 0265
B. Type of Loan
1. ❑ FHA 2. ❑FmHA 3. 0 Cony Unins 6.File Number 7.Loan Number 8.Mortgage Ins Case Number
4. ❑VA 5. ❑Cony Ins. 6. ❑Seller Finance BOFW1900895
7. ®Cash Sale.
C.Note: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked
"(p.o.e.)"were paid outside the closing;they are shown here for informational purposes and are not included in the totals.
D.Name&Address of Borrower E.Name&Address of Seller F.Name&Address of Lender
City of Friendswood,Texas John Valade
910 S.Friendswood Drive
Friendswood,TX 77546
G.Property Location H.Settlement Agent Name
South Land Title,LLC
Quakers Landing,Section 2,,Lot 21,Galveston County,TX 6710 Stewart Road
807 Penn Dr Suite 200
Friendswood,TX 77546 Galveston,TX 77551 Tax ID:27-1152905
Underwritten By:Texan Title Insurance Company
Place of Settlement I.Settlement Date
South Land Title,LLC-Commercial Div. 12/22/2020
192 Gulf Freeway South,Suite C-2 Fund:
League City,TX 77573
J.Summary of Borrower's Transaction K.Summary of Seller's Transaction
100.Gross Amount Due from Borrower 400.Gross Amount Due to Seller
101. Contract Sales Price S242,182.60 401. Contract Sales Price $242,182.60
102. Personal Property 402. Personal Property
103. Settlement Charges to borrower $1,780.73 403.
104. 404.
105. 405.
Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance
106. City property taxes 406. City property taxes
107. County property taxes 407. County property taxes
108. HOA 408. HOA
109. School property taxes 409. School property taxes
110. MUD taxes 410. MUD taxes
111. Flood Insurance 111 Flood Insurance
112. 412.
113. 413.
114. Reimb Seller for Upfront 414. Reimb Seller for Upfront
HOA Fee HOA Fee
115. 415.
116. 416.
120.Gross Amount Due From Borrower S243,963.33 420. Gross Amount Due to Seller S242,182.60
200.Amounts Paid By Or in Behalf Of Borrower 500.Reductions in Amount Due to Seller
201. Deposit or earnest money 501. Excess Deposit
202. Principal amount of new loan(s) 502. Settlement Charges to Seller(line 1400) $4,672.21
203. Existing loan(s)taken subject to 503. Existing Loan(s)Taken Subject to
204. Loan Amount 2nd Lien 504. Payoff of First Mortgage Loan to
205. 505. Payoff of Second Mortgage to
Loan
206. 506.
207. Closing Costs Paid by./SWA,Inc $199.73 507. Payoff Vincent Maleche 12/29 $52,100.00
208. 508.
209. 509.
Adjustments for items unpaid by seller Adjustments for items unpaid by seller
210. City property taxes 510. City property taxes
211. County property taxes 511. County property taxes
212. HOA 512. HOA
213. School property taxes 513. School property taxes
214. MUD taxes 514. MUD taxes
215. Flood Insurance 515. Flood Insurance
216. 516.
217. 517.
218. 518.
219. 519.
220.Total Paid By/For Borrower $199.73 520.Total Reduction Amount Due Seller $56,772.21
300.Cash At Settlement From/To Borrower 600.Cash At Settlement To/From Seller
301.Gross Amount due from borrower(line 120) $243,963.33 601.Gross Amount due to seller(line 420) $242,182.60
302.Less amounts paid by/for borrower(line 220) $199.73 602.Less reductions in amt.due seller(line 520) $56,772.21
303.Cash From Borrower $243,763.60 603.Cash To Seller $185,410.39
Previous Editions are Obsolete form HUD-1(3/86)
Handbook 4305.2
File No.BOFW 1900895
L. Settlement.Charges
700.`Total Sales/Broker's Commission based on price S242,182.60 @% = $0.00 Paid From Paid From
Division of Commission(line 700)as follows: Borrower's Seller's
701. to Funds at Funds at
702. to Settlement Settlement
703. Commission Paid at Settlement $0.00 $0.00
704. The following parties,persons,firms or to
705. corporations have received a portion of to
706. the real estate commission shown above. to
800. Items Payable in Connection with Loan
801. Loan Origination Fee % to
802. Loan Discount % to
803. Appraisal Fee to
804. Credit Report to
805. Lender's Inspection Fee to
806. Mortgage Insurance Application to
807. Assumption Fee to
808. Flood Certification Fee to
900. Items Required by Lender To Be Paid in Advance
901. Interest from 12/22/2020 to 1/1/2021 @$0/day
902. Mortgage Insurance Premium for months to
903. Hazard Insurance Premium for years to
904. Flood Insurance for year(s) to
905. Windstorm Insurance for year(s) to
1000.Reserves Deposited With Lender
1001.Hazard insurance months @ per month
1002.Mortgage insurance months @ per month
1003.City property taxes months @ per month
1004.County property taxes months @ per month
1005.HOA months @ per month
1006.School property taxes months @ per month
1007.MUD Taxes months @ per month
1008.Flood Insurance months @ per month
1009. Other Taxes 0 months @
1011.Aggregate Adjustment
1100. Title Charges
1101.Settlement or closing fee to South Land"Title,LLC S125.00
1102.Abstract or title search to
1103.Title examination to
1104.Title insurance binder to
1105.Document preparation to Doyle Law Firm,PLLC S125.00
1106.Notary fees to
1107.Attorney's fees to
(includes above items numbers:
1108.Title insurance to South Land Title,LLC ti 158I.uu
(includes above items numbers:
1109. Lender's coverage $0.00/$0.00.
1110. Owner's coverage 5242,182.60/$1,581.00
1111. Escrow fee to South Land Title,LLC
1112. State of Texas Policy Guaranty Fee to Texas Title Insurance Guaranty Association S2.00 S0.00
1113. to
1114. Tax certificates to Realty Tax Search,Inc. S25.00
1115. Title Premium split 85% to South Land Title,LLC
1116. Title Premium split 15% to Texan Title Insurance Company
1117. Courier-Release to South Land Title,LLC S 15.00
1200. Government Recording and Transfer Charges
1201. Recording Fees Deed$47.73;Mortgage ;Rel to South Land Title,LLC S47.73
1202. City/county tax/stamps Deed ;Mortgage to
1203. State tax/stamps Deed ;Mortgage to
1204. Recording-Release to South Land Title,LLC S33.73
1205. Recording-Release to South Land Title,LLC $29.73
1300. Additional Settlement Charges
1301. HOA Transfer Fee to Quakers landing 11O:1
$75.00
1302. Overpayment of HOA Transfer Fee to
1303. 2020 County Tax to Ann Barris Bennett-Tax Assessor Collector $1,531.03
1304. 2020 ISD Tax to Friendswood ISD Tax Office $2,412.72
1305. 2019&2020 HOA to Quakers Landing HOA $450.00
1400.Total Settlement Charges(enter on lines 103,Section J and 502,Section K) $1,780.73 $4,672.21
I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief,it is a true and accurate statement of all receipts and
disbursements made on my account or by me in this transaction. I further certify that I have received a completed copy of pages 1,2 and 3 of this HUD-1 Settlement
Statement.
City of Friendswood,Texas ,,/"<
Joh alade' ,
By: Morad Kabiri,City Manager
louir—
SETTLEMENT AGENT CERTIFICATION
ttlement Statement which I have prepared is a true and accurate
f i .: saction. I have caused the funds to be disbursed in
•cco ,,1 IL his state • i y� -22:- 202D
Aiiiiirr.•gent Date
Previous Editions are Obsolete form HUD-1(3/86)
Handbook 4305.2
AFFIDAVIT AS TO DEBTS, LIENS,POSSESSION AND TAXES
(for Sales Only)
GF# BOFW1900895
Unit Tract#
SUBJECT PROPERTY:
ADDRESS: 807 Penn Dr, Friendswood,TX 77546
LEGAL DESCRIPTION:
Lot Twenty-One (21), of Quakers' Landing, Section Two, a subdivision in Galveston County, Texas,
according to the map or plat thereof recorded in Volume 10, Page 43, in the Office of the County Clerk of
Galveston County, Texas.
BEFORE ME,the undersigned authority, on this day personally appeared
John Valade, Personally known to me to be the person (s) whose name is (are) subscribed hereto
and upon his/her/their oath deposes and says:
The undersigned represent (s) to South Land Title, LLC, hereinafter the company, to his/ her
/their best knowledge that,
1. 'Except as noted below,there are no parties occupying, renting, leasing, residing or
possessing the subject property or any portion thereof, nor is the undersigned aware of
any parties claiming title to the subject property or any portion thereof by reason of
adverse possession, except: r.
2. No unpaid debts for plumbing fixtures, water heaters, swimming pool, furnaces, air
conditioners, radio or television antenna, carpeting, rugs,
lawn, sprinkling systems, Venetian blinds, window shades, draperies, electric
appliances, fences, street paving assessments, and or any personal property or fixtures
that are located on the subject property described above, and that no such items have
been purchased on time payment contracts, and there are no security interests on such
property secured by financing statements, security agreements, or otherwise except
the following:
Secured Party: C� _
Approximate Amount: C
3. No Mortgage liens of any kind against such property except the following:
Secured Party:lathialt I�V1G eGh�
Approximate Amount: `�`"' Mido
IT IS UNDERSTOOD BY THE UNDERSIGNED THAT THE PAYOFF AMOUNT
(S) ON LOANS LISTED ABOVE IS/ARE IN ACCORDANCE WITH
STATEMENTS GIVEN BY THE LENDING INSTITUTIONS AND SHOULD THE
NOTE HOLDER REQUIRE ANY ADDITIONAL AMOUNT IN ORDER TO
RELEASE SAID INDEBTEDNESS THE UNDERSIGNED AGREES TO PAY THE
ADDITIONAL AMOUNT AND HOLD THE COMPANY AND ITS
UNDERWRITER HARMLESS FROM SUCH ADDITIONAL AMOUNT AND
ANY OTHER LIEN INCLUDING AD VALOREM TAXES NOT SPECIFICALLY
REFERENCED ABOVE. _
That affiant owes no pa t due.E'ederal or State taxes and t there are no delinquent
Federal assessments prese exisfing a ajnarAffiarif,and that no Federal or State
Liens have been filed against Affiant. There are no Involuntary liens, federal tax liens,
oil and gas liens and or home equity line of credit loans outstanding against said
property or sellers.
There are no-delinquent State, County, City, School istrict, Water District or other
governmenMagency.or homeowners association taxes or assessment of any kind due
or owing against said property and that no tax suit has been filed by any State,
County, City, School District, Water District or other governmental agency for taxes
levied against said property.
There are no liens of any kind or character or claims for paving outstanding against
the property, and we have signed no petitions for the paving of the street or alley
adjoining this property and know of no petitions being circulated for payment.
All labor and material used in the construction of improvements, if any, on the above
described property have been paid for. There are now no unpaid labor or material
claims against the improvements or repairs, if any, or the property upon which same
are situated, and the undersigned hereby declares that all sums of money due for the
erection of improvements, or repairs if any, have been fully paid and satisfied, and
there are no Mechanic's Liens or Materialmen's Liens against the hereinabove
property.
There are no proceedin in bankruptcy orteceivership that have been instituted by,
or against me/us, and I/we have never made an assignment for the benefit of
Creditors.
Further, the undersigned has claim no exemptions relating to ad valorem taxes to
which he/she/they/it are not entitle
The undersigned realizes that these representations are made to include the Company
and its Underwriter to insure the title to subject property and tenants.
I/WE FURTHER STATE:
This affidavit is made to South Land Title, LLC and Texan Title Insurance Company as an
inducement to them to complete this transaction, and I/We realize that South Land Title, LLC and
Texan Title Insurance Company are relying upon the representations contained herein; and the
undersigned does hereby swear under the penalties of perjury that the foregoing information is true and
correct in all respects. I/We further covenant and agree with South Land Title, LLC and Texan Title
Insurance Company forever fully to protect, defend and save harmless South Land Title, LLC and
Texan Title Insurance Company from and against all loss, costs,damages, and attorneys' fees and
expenses of every kind and nature which it may suffer, expend or incur under or by reason, or in
consequence of reliance upon the representations herein.
EXECUTED or> day of December, 2020
SELLER'S SIGNATURE(S):
J n Valade
STATE OF TEXAS
COUNTY OF Galveston
SWORN TO, SUBSCRIBED AND ACKNO DGED : FORE ME, BY John Valade,on
day of December,2020.
• 'u.lic, State of Texas
S BOMAN Notary's Printed Name
JL, NOTARY ID 111088519 B 1 MyCommission expires:
�►^�• • My Commission Expires f p
;� June 10, 2021
SOUTH LAND TITLE, LLC
Title Company Disclosure
GF# BOFW1900895
Unit Tract#
BUYER/BORROWER(S): City of Friendswood,Texas
SELLER(S): John Valade
PROPERTY ADDRESS: 807 Penn Dr
Friendswood,TX 77546
LEGAL DESCRIPTION:
Lot Twenty-One(21),of Quakers' Landing,Section Two,a subdivision in Galveston
County,Texas,according to the map or plat thereof recorded in Volume 10,Page 43,in
the Office of the County Clerk of Galveston County,Texas.
By executing this Closing Affidavit,each Seller acknowledges their understanding of the disclosures being made by SOUTH
LAND TITLE, LLC, and affirms the representations made by them to SOUTH LAND TITLE, LLC. Each disclosure and/or
representation may jointly benefit SOUTH LAND TITLE,LLC and its title insurance underwriter-in-interest.
1. PROPERTY TAXES:
•
PRORATIONS: Pro erty taxes for the current year h We been prorated. Seller,who each cknowledge an 'understand
that these proration are: (a)amounts provided to UTH LAND TITLE, LLC by the t ng entities,or )based upon
the sales price o e most current appraised val available and the most current t rate available (c)based upon
some other c mon method of estimation. T ese amounts are estimates from J uary 1s'throug a day of closing.
The seller derstands they could receive a efund for overpayment or could r ceive a tax bill after closing should the
app ' value or tax rate increase.
> SUPPLEMENTALS: If supplemental tax bills are issued for prior or current years taxes,due to any exemptions being
removed after closing,Seller understands they are solely responsible for paying said supplemental taxes.
Seller warrants and represents that there are no past due taxes owed on the property and if such warranty and
representation is untrue,the Seller shall reimburse South Land Title, LLC,on-demand, for any sums paid by the South
Land Title,LLC to pay such taxes and any related penalty and interest.
Seller agrees that when amounts of the current taxes become known and payable,on or about October 1st, any amounts
due over the amount collected may be reimbursed to the title company. Any amounts over collected will be refunded
upon receipt from the taxing entities.
Seller recognizes their responsibility for all taxes prior to the date of closing the subject transaction. Should it develop at
a later date, that taxes other than those collected at closing are due for prior years,seller agrees to make full settlement to
the taxing entities or to SOUTH LAND TITLE,LLC.
Seller's Initials. ` �_
2. PAYOFF Seller acknowledges that loan p ation has been supplied by the note holder. In the
event the amount of such payoff furnishe ` SOUTH LAND T 'LE, LLC is incorrect or incorrectly calculated,
Seller agree to pay such loan in full hin 24 hours aft9r bei advised of the required amount. Seller agree to
indemnify SOUTH LAND TITLE, LLC a cost Eating from incorrect payoff information, including all court
costs,attorney's fees,and expenses related thereto.
Seller's Initial!//���
3. DISBURSEMENT AUTHORIZATION Seller hereby authorizes SOUTH LAND TITLE, LLC to make
expenditures and disbursements as shown on the closing statement and approves same for payment. SOUTH
LAND TITLE, LLC may supply a copy of this Statement to any real estate agent or lender involved in this
transaction,and Buyer and Seller acknowledge receipt of a copy of the S ent
Seller's Initials:
4. HOMEOWNER'S ASSOCIATION: Seller warrants and represents that there are no past due Homeowner's or
Property Owner's Association dues, assessment,and/or fees owed on the Property, other than those collected at
closing and if such warranty and representation is untrue,the Seller will reimburse SOUTH LAND TITLE, LLC,
on demand, for any sums paid by SOUTH LAND TITLE, LLC to pay such dues,assessment,and/or fees,and any
related penalty and interest. Seller recognizes their responsibility for all past due Homeowner's or Property
Owner's Association dues, assessment, and/or fees. Should it develop at a later date,that Homeowner's or
Property Owner's Association dues,assessment,and/or fees other than those collected at closing are due for prior
years,seller agrees to make full settlement to SOUTH LAND TITLE,LLC.
Seller's Init.. i
r,
5. ERRORS AND OMISSIONS: In the event that any of the documents prepared in connection with the closing
of this transaction contain errors which misstate or inaccurately reflect the true and correct terms,conditions and
provisions of this closing,and the inaccuracy or misstatement is due to a clerical error or to a unilateral mistake
on the part of SOUTH LAND TITLE, LLC , or to a mutual mistake on the part of SOUTH LAND TITLE, LLC
and/or the Seller,the undersigned agree to execute,in a timely manner,such correction documentation as SOUTH
LAND TITLE,LLC may deem necessary to remedy such inaccuracy o r `e -nt.
Seller's Initi•
6. NON-RESIDENT ALIEN: Seller is not a non-resident alien for purposes of nit States Income Taxation.
Seller's Initi s:
7. INDEMNITY: SELLER HEREBY ACKNOWLEDGES THAT THEY HAVE EXECUTED THIS AFFIDAVIT
WILLINGLY AND OF THEIR OWN FREE VOLITION, AND HEREBY AGREE TO INDEMNIFY,
DEFEND AND HOLD HARMLESS SOUTH LAND TITLE, LLC ITS TITLE INSURANCE UNDERWRITER,
FROM AND AGAINST ANY AND ALL LIABILITY, LOSS, COST, EXPENSE, CLAIM, ACTION OR
CAUSE OF ACTION ARISING OUT OF, OR IN ANY WAY CO T WITH, THE DISCLOSURES
AND REPRESENTATIONS CONTAINED HEREIN. i
Seller's Init'als:
•
EXECUTED o-ay of December,2020
SELLER'S SIGNATURE(S):
,,A7
n Valade
THE STATE OF TEXAS §
§
COUNTY OF GALVESTON §
SWORN TO, SUBSCRIBED AND ACK •WLEDGED : FORE ME,by John Valade,on Decemb ,
2020 .
A't''Y PUBLIC STATE OF TEXAS
f _`
S BOMAN
NOTARY ID#1088519-8
' %<' My Commission Expires f
June 10, 2021
DISCLOSURE TO SELLER,BUYER/BORROWER ABOUT
PATRICK F.DOYLE AND DOYLE LAW FIRM,PLLC
1. REPRESENTATION OF INTERESTS
In connection with the transaction you are closing today,a document of conveyance and/or curative documents have been prepared
on behalf of Seller and Buyer/Borrower,and/or a loan has been obtained from a lending institution(or individual owner under an owner-finance)
to finance all or part of the purchase price of Borrower's property,or to refinance an earlier loan made to Borrower,or which Borrower assumed,
that is secured on the subject property. Seller,Buyer/Borrower or and/or lender is using the services of the law firm of DOYLE LAW FIRM,
PLLC in the preparation of various legal instruments and loan documents in connection with this transaction,and you must pay for such
services. By signing below,Borrower is acknowledging that DOYLE LAW FIRM, PLLC has not represented Borrower's interests or given
Borrower any legal advice concerning the contract to sell and purchase the property,if applicable,or otherwise related to the property or to the
legal instruments and loan documents executed in connection with the home loan transaction or the closing of the transaction itself.
II. RELATIONSHIP OF TEXAS FIRST BANK,PATRICK F.DOYLE AND DOYLE LAW FIRM,PLLC
DOYLE LAW FIRM, PLLC has an ongoing attorney-client relationship with Texas First Bank. Additionally, PATRICK F.
DOYLE is the sole owner of the law firm of DOYLE LAW FIRM,PLLC,and serves as a director to the bank holding companies of Texas
Independent Bancshares,Inc.and Texas First Banks.
III. RELATIONSHIP OF TITLE COMPANY AND PATRICK F.DOYLE
PATRICK F.DOYLE is the sole owner of Texan Title Holdings,LLC,which is the parent company of
IV. RELATIONSHIP OF TAX SERVICE PROVIDER AND PATRICK F.DOYLE
PATRICK F.DOYLE is the sole owner of Realty Tax Search,Inc.,which provides ad valorem tax searches and collects,stores and
disseminates real estate information regarding your transaction and a standard fee for services related thereto.
VI. FREEDOM TO HIRE A LAWYER
By signing below,each party hereto acknowledges that they have had the opportunity to consult independent counsel or hire an
attorney to represent them regarding this transaction and its consequences.
VII. OBLIGATION TO PAY LEGAL FEES
By signing below,each party acknowledges that they must pay at the time of closing,or on demand,the legal fees of DOYLE LAW
FIRM,PLLC as each party may have agreed to pay in the contract of sale and purchase or in the loan application or any other document they
may have signed. The charges for the services of DOYLE LAW FIRM,PLLC are set forth on the closing statement or settlement statement
furnished by the closing agent. You have not been charged any fee for preparation of any Truth-in-Lending Statement or RESPA Good Faith
Estimate of closing costs. Attached hereto and incorporated herein is PATRICK F.DOYLE's Affiliated Business Arrangement Disclosure
Statement,which sets forth DOYLE LAW FIRM,PLLC's relationship to PATRICK F.DOYLE and Settlement Service Charge or range of
charges.
VIII. DESCRIPTION OF LEGAL SERVICES
In representing the lender's interest in this loan transaction,DOYLE LAW FIRM,PLLC provided a variety of services of a legal
nature. DOYLE LAW FIRM, PLLC reviews as necessary the sales contract,survey, title report or commitment of title insurance, various
documents of record such as restrictions and easements, and typically prepares such instruments as the Note, Deed of Trust,Affidavits and
various miscellaneous documents required by the lender.
{00028567.DOC}
Furthermore,each party hereto acknowledges that DOYLE LAW FIRM, PLLC may have prepared certain documents upon the
request of South Land Title, LLC,and has not in any manner, undertaken to assist or render legal advice to the undersigned, with
respect to this transaction. The attorney preparing the documents represents South Land Title, LLC.
Each party hereto has been provided with an opportunity to examine the title commitment issued by the title company in this
transaction,and are satisfied with the contents of such commitment. Further,each party hereto agrees and understands that this transaction is
not "closed"until all disbursements are made on behalf of all parties. In the event there are any additional charges for anyone furnishing
services,requiring payoff,or by any taxing authority,each party hereto will pay such charges upon written request.
The undersigned understand and agree that the parties may allocate payment of legal fees between themselves as they may agree.
IX. ACKNOWLEDGEMENT/WHAT SIGNING THIS MEANS
By signing below,you acknowledge to the lender,DOYLE LAW FIRM,PLLC and PATRICK F.DOYLE that you have received
a copy of this disclosure, that you have read all of the above statements, that you understand them, and that what has been stated in this
disclosure is accurate and truthful. Furthermore,you acknowledge that you have read this disclosure form and understand that PATRICK F.
DOYLE is referring you to purchase the settlement services as described herein and may receive a financial or other benefit as the result of this
referral.
EXECUTED on December' ,2020
SELLER'S SIGNATURES:
ohn Valade
{00028567.DOC}
AFFILIATED BUSINESS ARRANGEMENT DISCLOSURE STATEMENT
NOTICE
FROM: PATRICK F.DOYLE
GF#: BOFW1900895
Unit Tract#
This is to give you notice that PATRICK F.DOYLE has a business relationship with and ownership interest in REALTY TAX
SEARCH,INC. and TEXAN TITLE HOLDINGS, LLC, which is the parent company of SOUTII LAND TITLE, LLC. PATRICK F.
DOYLE,sole owner of the law firm of DOYLE LAW FIRM,PLLC,is also the sole owner of TEXAN TITLE HOLDINGS,LLC,which is
the parent company of SOUTH LAND TITLE,LLC(real estate closing services),and REALTY TAX SEARCH,INC. (which provides ad
valorem tax services and collects,stores and disseminates real estate information).
Set forth below is the estimated charge or range of charges of the settlement services listed. You are NOT required to use the listed
providers as a condition for closing your transaction of the subject property. THERE ARE OTHER SETTLEMENT SERVICE
PROVIDERS AVAILABLE WITH SIMILAR SERVICES. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU
ARE RECEIVING THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES.
Provider and Settlement Services Charge or Range of Charges:
SOUTH LAND TITLE,LLC (premium fees as set by
State Board of Insurance
and vary depending on
value of transaction and
credits available to
consumer)
Realty Tax Search $25.00
ACKNOWLEDGEMENT
I/we have read this disclosure form, and understand that Patrick F. Doyle is referring me/us to purchase the
above-described settlement services and may receive a financial or other benefit as the result of this referral.
SELLER'S SIGNATURES:
'n
alade
{00028567.DOC}
•
AGREEMENT FOR SALE
THIS AGREEMENT is made and entered into by and between City of Friendswood Texas, hereinafter referred
to as the COUNTY, and John Valade hereinafter referred to as the SELLER.
WITNESSETH:
THAT, the COUNTY is acting under a federal grant from the Texas Department of Public Safety, Division
of Emergency Management (DEM) to purchase certain property in Texas in which the SELLER owns a parcel
of land known as 807 Penn Dr and further described as Lot Twenty-One (21), of Quakers' Landing, Section
Two, a subdivision in Galveston County, Texas, according to the map or plat thereof recorded in Volume 10,
Page 43, in the Office of the County Clerk of Galveston County, Texas..
The Seller represents that the above referenced property is flood prone, that the Seller qualifies for the
assistance being granted and that the Seller understands that there is NO OBLIGATION TO SELL THE
PROPERTY UNDER THIS PROGRAM, BUT THE SELLER DOES SO VOLUNTARILY, AND THAT POWER
OF EMINENT DOMAIN WILL NOT BE USED TO ACQUIRE THIS PROPERTY, IF SELLER CHOOSES TO
WITHDRAW FROM VOLUNTARY PARTICIPATION IN THIS PROGRAM.
The parties agree as follows:
1. The above referenced property appraised for $250,000. After duplication of benefits was taken into
,1 2.
�r y account, the revised offer is at 1$242 Q,)he CITY agrees to pay the SELLER for said property
82.6
the sum of �>#g,4>#a.S 242 G1aya le at settlement after the acceptance of this Agreement and
preliminary approval of the Seller's title; provided the Seller can execute and deliver a good and
sufficient general warranty deed conveying marketable title to said property in fee simple, clear
of all liens and encumbrances that are unacceptable to City in its sole discretion
THIS AGREEMENT WILL BE VALID FOR A PERIOD OF UP TO 120 DAYS FROM THE DATE OF
EXECUTION OF THIS AGREEMENT. SHOULD THE SELLER FAIL TO VACATE THE PROPERTY
AND COMPLETE THE CLOSING WITHIN THE 120-DAY TIMEFRAME, THE AGREEMENT SHALL
BECOME NULL AND VOID AT THE SOLE DISCRETION OF THE COUNTY.
2. The SELLER acknowledges that the price to be paid for the property is the pre-flood fair market value
of$250,000 with deductions in the amount of 0 for any flood insurance payment received by the SELLER
for structural damage, and $17,379.42 for any Individual and Family Grant program (IFG)(structural
repairs), and/or Emergency Minimal Repair (EMR) for which SELLER cannot document as expended
on repair of the damaged structure, and a reimbursement of $9,526.02 for certain repairs for which
receipts were provided have been added.
3. It is understood by all parties that the proceeds from the sale shall first be applied to all liens on the
property, including real estate taxes, which are due and payable to the date of settlement. It is further
understood that the funds being used for the purchase of the property, cannot and will not duplicate
benefits received for the same from any other funds. The SELLER will return any disaster aid money
received if it amounts to duplicity of benefits.
4. The SELLER agrees that it will execute all necessary documents to transfer fee simple title to the
property to the COUNTY and also agrees to execute now and in the future, any and all documents
required by the COUNTY, DEM to complete this transaction and to comply with County, State or Federal
Regulations.
5. The SELLER will not, without notification to the COUNTY, remove any property considered a portion
of the real estate without prior written notice to the COUNTY and providing appraisals of such
properties. The value of the property so removed, as finally determined, will be deducted from the
purchase price, if the purchase price has not as yet been paid in full or be repaid by the SELLER within
ten (10) days after removal if the purchase price has been paid to the SELLER. The value of the
property removed will be solely determined by the COUNTY and must be negotiated prior to removal.
6. The SELLER understands that no fixtures, materials or improvements to the real estate may be
removed from the premises, and, because of legal liability reasons, the COUNTY will not permit any
materials to be salvaged at this time or at the time of demolition. Any violation of this agreement may
result in changing the fair market value of the structure.
7. The SELLER understands this is a voluntary transaction and that SELLER is not entitled to relocation
benefits provided by the Uniform Relocation Assistance and Real Property Acquisition Policies Act
(URA) and will not claim any such benefits.
8. The SELLER acknowledges that it has had an opportunity to review this contract and that it has had an
opportunity, if it so chooses, to contact an attorney of its choice to review this Agreement and the
SELLER enters into this Agreement fully understanding the nature thereof and saves and holds
harmless the COUNTY as a result of this Agreement or anything incident to the sale of the referenced
real property.
This agreement is binding upon the heirs, executors, successors and assigns of all parties.
DATED this day of OC Jo e r— _, A. D., 2020.
•
John Valade SELLER fitness
SELLER Witness
CITY OF FRIENDSWOOD
BY:
Morad Kabiri, City Manager
GENERAL WARRANTY DEED
NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON,YOU MAY REMOVE OR.
STRIKE ANY OR ALL OF THE FOLLOWING INFORMATION FROM ANY INSTRUMENT THAT
TRANSFERS AN INTEREST IN REAL PROPERTY BEFORE IT IS FILED FOR RECORD IN THE PUBLIC
RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER.
THE STATE OF TEXAS §
§ KNOW ALL MEN BY THESE PRESENTS:
COUNTY OF Galveston§
_THAT,John Valade. hereinafter known as Grantor(whether one or more), of the City of
HtlJ1)1A.3 , State of .J , for and inconsideration of the sum of Two
Hundred Forty Two Thousand One Hundred Eighty Two and 60/100 Dollars($242,182.60)
to Grantor paid by the City of Friendswood,Texas,the receipt and sufficiency of which is
hereby acknowledged,has granted, sold and conveyed, and by these presents does grant, sell and
convey unto the said City of Friendswood,Texas, hereinafter known as City, its successors and
assigns, the following described property situated in the City of Friendswood, Texas.
807 Penn Dr, Friendswood,TX 77546
Lot Twenty-One(21), of Quakers' Landing, Section Two, a subdivision in Galveston
County,Texas, according to the map or plat thereof recorded in Volume 10, Page 43, in the
Office of the County Clerk of Galveston County,Texas.
The above described property conveyed shall include all right, title and interest, if any, of
Grantor in and to, (1) any land lying in a street, road, tollway, accessway or easement (including
any drainage or flood control easement) open or proposed, in front of, at the side of, adjoining,or
within the above described property, (2) the bed and banks of any bayou, stream, canal or ditch
adjoining or adjacent to the above described property, (3) all reversionary rights attributable to
the above described property, and (4) all rights of ingress and egress to the above described
property by way of open or dedicated roads and streets adjoining the property.
This conveyance is made by Grantor and accepted by the City subject to all valid and
subsisting encumbrances, conditions, covenants, restrictions, reservations, exceptions,
rights-of-way and easements appearing of record in the Official Public Records of Real Property
•
of Galveston County, Texas, relative to the above described property, but only to the extent the
same are applicable to and enforceable against the City. This conveyance is further made subject
to the restrictions and conditions contained in Exhibit"A" attached hereto and made part hereof.
TO HAVE AND TO HOLD the above described premises,together with all and singular
the rights and appurtenances thereto in anywise belonging unto the said City, its successors and
assigns, forever, and Grantor does hereby bind himself, his, herself,her itself, its themselves, their,
heirs, executors and administrators, its successors and assigns to Warrant and Forever Defend all
and singular the said premises unto the said City, its successors and assigns, against every person
whomsoever lawfully claiming, or to claim the same, or any part thereof, subject to the
reservations from and exceptions to,warranty and conveyance described above.
EXECUTED on Decembeg, 2020
Grantor's Address: GRANTOR:
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S e t ro 0 /c / X'7 7 j6 ohn Valade
Grantee's Address:
910 S. Friendswood Dr.
Friendswood, TX 77546
ACKNOWLEDGMENT
THE STATE OF TEXAS §
COUNTY OF GALVESTON §
This instrument was acknowledged before me on City, John Val d e.0 h DeCarribt-r.
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SOUTH LAND TITLE LLC
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Exhibit A
In reference to the property or properties("Property")conveyed by the Deed between John Valade
participating in the federally-assisted acquisition project("the Grantor")and the City of Friendswood,
Texas, ("the Grantee"), its successors and assigns:
WHEREAS,The Robert T. Stafford Diaster Relief and Emergency Assistance Act,("The Stafford Act"),
42 U.S.C. § 5121 et seq., identifies the use of disaster relief funds under § 5170c, Hazard Mitigation
Grant Program, including the acquisition and demolition of structures in the floodplain;
WHEREAS,the mitigation grant program provides a process for a local government, through the State,
to apply for federal funds for mitigation assistance to acquire interests in property, including the
purchase of structures in the floodplain, to demolish and/or remove the structures,and to maintain the
use of the Property as open space in perpetuity;
Whereas, the State has applied for and been awarded such funding from the Department of Homeland
Security, Federal Emergency Management Agency and has entered into a mitigation grant program
Grant Agreement with FEMA for DR 4332, herein incorporated by reference; making it a mitigation
grant program grantee.
Whereas,the Property is located in the City of Friendswood, and the City of Friendswood participates in
the National Flood Insurance Program and is in good standing with NFIP as of the date of the Deed;
Whereas, the City of Friendswoodhas applied for and been awarded federal funds pursuant to an
agreement with the State for DR 4332 ("State-Local Agreement"),and herein incorporated by
reference, making it a mitigation grant program subgrantee;
WHEREAS, the terms of the mitigation grant program statutory authorities, Federal program
requirements consistent with 44 C.F.R. Part 80, the Grant Agreement,and the State-local Agreement
require that the Grantee agree to conditions that restrict the use of the land to open space in perpetuity in
order to protect and preserve natural floodplain values;
Now, therefore, the grant is made subject to the following terms and conditions:
1.Terms. Pursuant to the terms of the HMGP program statutory authorities, Federal program
requirements consistent with 44 C.F.R. Part 80, the Grant Agreement, and the State- local Agreement,
the following conditions and restrictions shall apply in perpetuity to the Property described in the
attached deed and acquired by the Grantee pursuant to FEMA program requirements concerning the
acquisition of property for open space:
a. Compatible uses. The Property shall be dedicated and maintained in perpetuity as open space for
the conservation of natural floodplain functions. Such uses may include: parks for outdoor recreational
activities; wetlands management; nature reserves; cultivation; grazing; camping(except where adequate
warning time is not available to allow evacuation); unimproved, unpaved parking lots; buffer zones;
and other uses consistent with FEMA guidance for open space acquisition, Hazard Mitigation
Assistance, Requirements for Property Acquisition and Relocation for Open Space.
b. Structures. No new structures or improvements shall be erected on the Property other than:
i.A public facility that is open on all sides and functionally related to a designated open space or
recreational use;
ii.A public rest room;or
iii. A structure that is compatible with open space and conserves the natural function of the
floodplain, including the uses described in Paragraph 1.a.,above,and approved by the FEMA
Administrator in writing before construction of the structure begins.
Any improvements on the Property shall be in accordance with proper floodplain management
policies and practices. Structures built on the Property according to paragraph b.of this section shall be
floodproofed or elevated to at least the base flood level plus 1 foot of freeboard,or greater,if required
by FEMA,or if required by any State,Tribal,or local ordinance,and in accordance with criteria
established by the FEMA Administrator.
c. Disaster Assistance and Flood Insurance. No Federal entity or source may provide disaster
assistance for any purpose with respect to the Property,nor may any application for such assistance be
made to any Federal entity or source. The Property is not eligible for coverage under the NFIP for
damage to structures on the property occurring after the date of the property settlement,except for
pre-existing structures being relocated off the property as a result of the project.
d.Transfer.The Grantee,including successors in interest,shall convey any interest in the
Property only if the FEMA Regional Administrator,through the State,gives prior written approval
of the transferee in accordance with this paragraph.
i.The request by the Grantee,through the State, to the FEMA Regional Administrator must include
a signed statement from the proposed transferee that it acknowledges and agrees to be bound by the
terms of this section, and documentation of its status as a qualified conservation organization if
applicable.
ii.The Grantee may convey a property interest only to a public entity or to a qualified conservation
organization. However,the Grantee may convey an easement or lease to a private individual or entity
for purposes compatible with the uses described in paragraph(a),of this section,with the prior
approval of the FEMA Regional Administrator,and so long as the conveyance does not include
authority to control and enforce the terms and conditions of this section.
iii. If title to the Property is transferred to a public entity other than one with a conservation mission,
it must be conveyed subject to a conservation easement that shall be recorded with the deed and shall
incorporate all terms and conditions set forth in this section, including the easement holder's
responsibility to enforce the easement. This shall be accomplished by one of the following means:
a)The Grantee shall convey, in accordance with this paragraph,a conservation easement to an entity
other than the title holder,which shall be recorded with the deed,or
b)At the time of title transfer,the Grantee shall retain such conservation easement,and record it
with the deed.
iv. Conveyance of any property interest must reference and incorporate the original deed restrictions
providing notice of the conditions in this section and must incorporate a provision for the property
interest to revert to the State,Tribe,or local government in the event that the transferee ceases to exist
or loses its eligible status under this section.
2. Inspection. FEMA, its representatives and assigns including the state or tribe shall have the right to
enter upon the Property,at reasonable times and with reasonable notice, for the purpose of inspecting
the Property to ensure compliance with the terms of this part, the Property conveyance and of the grant
award.
3. Monitoring and Reporting. Every three years,the Grantee (mitigation grant program subgrantee), in
coordination with any current successor in interest,shall submit through the State to the FEMA
Regional Administrator a report certifying that the Grantee has inspected the Property within the month
preceding the report, and that the Property continues to be maintained consistent with the provisions of
44 C.F.R. Part 80,the property conveyance,and the grant award.
4. Enforcement. The Grantee(mitigation grant program subgrantee), the State, FEMA,and their
respective representatives, successors and assigns, are responsible for taking measures to bring the
Property back into compliance if the Property is not maintained according to the terms of 44 C.F.R.
Part 80,the property conveyance, and the grant award. The relative rights and responsibilities of
FEMA,the State, the Grantee,and subsequent holders of the property interest at the time of
enforcement, shall include the following:
a.The State will notify the Grantee and any current holder of the property interest in writing and
advise them that they have 60 days to correct the violation.
i. If the Grantee or any current holder of the property interest fails to demonstrate a good faith effort
to come into compliance with the terms of the grant within the 60-day period,the State shall enforce the
terms of the grant by taking any measures it deems appropriate, including but not limited to bringing an
action at law or in equity in a court of competent jurisdiction.
ii. FEMA, its representatives, and assignees may enforce the terms of the grant by taking
any measures it deems appropriate, including but not limited to 1 or more of the following:
a) Withholding FEMA mitigation awards or assistance from the State or Tribe,and Grantee;
and current holder of the property interest.
b) Requiring transfer of title. The Grantee or the current holder of the property interest shall bear the
costs of bringing the Property back into compliance with the terms of the grant; or
c) Bringing an action at law or in equity in a court of competent jurisdiction against any or all of
the following parties:the State,the Tribe,the local community,and their respective successors
5. Amendment. This agreement may be amended upon signatures of FEMA,the state,and the Grantee
only to the extent that such amendment does not affect the fundamental and statutory purposes
underlying the agreement.
6. Severability. Should any provision of this grant or the application thereof to any person or
circumstance be found to be invalid or unenforceable, the rest and remainder of the provisions of this
•
grant and their application shall not be affected and shall remain valid and enforceable.
GRANTOR(S):
n Valade
GRANTEE:
Morad Kabiri, City Manager
City of Friendswoad,Texas
Michelle A. Perez
From: Debbie Murphree
Sent: Monday, December 28, 2020 9:03 AM
To: Katina R. Hampton; Rhonda Bloskas;Jennifer M. Walker; Emily Peltier
Cc: Melinda Welsh; Michelle A. Perez;James Toney;Abrin Brooks; Brian Mansfield
Subject: RE: Closing and Title Documents - 807 Penn Dr. - HMGP Project
Correction: Original Documents will be sent over to City Secretary's Office.
From: Debbie Murphree
Sent: Monday, December 28, 2020 8:36 AM
To: Katina R. Hampton<khampton@friendswood.com>; Rhonda Bloskas<rbloskas@friendswood.com>;Jennifer M.
Walker<jwalker@friendswood.com>; Emily Peltier<epeltier@friendswood.com>
Cc: Melinda Welsh <mwelsh@friendswood.com>; Michelle A. Perez<mperez@friendswood.com>;James Toney
<jtoney@friendswood.com>; Abrin Brooks<abbrooks@friendswood.com>; Brian Mansfield
<bmansfield@friendswood.com>
Subject: Closing and Title Documents-807 Penn Dr. - HMGP Project
Good Morning,
Attached are the closing and title documents for 807 Penn Drive, for the HMGP project. If you have any questions,
please let us know.
I will be sending over the originals to ASO.
Regards,
00 Debbie Murphree
lc, City of Friendswood
dmurphree@friendswood.com
x
Ca IA + 281-996-3335
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