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CF-Park Land-CS 970715BEING 115.113 acres of land located in the JESSE MOORE SURVEY, Abstract No. 968, and the S.A. & M.G.R.R. Survey Abstract No. 1439 Dallas County, Texas and being a portion of the Tract of land conveyed to Dallas Brewery, Inc. by the deed recorded in Volume 89099, Page 752 of the Deed Records of Dallas County, Texas. Said 115.113 acres being more particularly described by metes and bounds, as follows: BEGINNING at a 1/2" iron rod set in the West boundary line of said Dallas Brewery Tract at the intersection of the center line of North Point Drive (an 80 foot wide right-of-way) as dedicated by the plat of FREEPORT NORTH an addition to the City of Coppell, Dallas County, Texas according to the plat recorded in Volume 84203, Page 1835 of the Deed Records of Dallas County, Texas. Said point of beginning also lying S 00 deg. 11 min. 10 sec. E 522.83 feet from a fence post marking the most Westerly Northwest corner of said Dallas Brewery Tract. Said fence post also marking the Northeast corner of the aforesaid FREEPORT NORTH ADDITION; THENCE S 89 deg. 44 min. 06 sec. E 2,679.64 feet along the projected centerline of aforesaid North Point Drive to 1/2" iron rod set in the West right-of-way line of State Road being the East boundary line of aforesaid Dallas Brewery Tract; THENCE Along the East boundary line of said Dallas Brewery tract and the West right-of-way line of said State Road as follows: 1. S 00 deg. 31 min. 15 sec. W 277.42 feet to a 1/2" iron rod set; 2. S 89 deg. 28 min. 45 sec. E 20.00 feet to a 1/2" iron rod set; 3. S 00 deg. 32 min. 18 sec. W 495.39 feet to a 1" iron rod pipe found at the Northeast corner of the Tract of land conveyed to Rancho Development Company by the deed recorded in Volume 89239, Page 2641 of the Deed Records of Dallas County, Texas; ~HENCE S ~9 deg. 20 min. 58 sec. W 1,999.71 feet along the North boundary line of said Rancho Development Company Tract to a 1/2" iron rod set at the Northwest corner thereof; THENCE S 00 deg. 47 min. 25 sec. W 828.60 feet along the West boundary line of said Rancho Development Tract to a 60 penny nail found at a fence corner marking the Southwest corner of said Rancho Development Company Tract; THENCE N 89 deg. 16 min. 14 sec. E 1,999W90 feet generally following a fence along the South boundary line of said Rancho Development Company Tract to a 1 1/2" iron pipe found at the Southeast corner thereof lying in the West right-of-way line of aforesaid State Road; THENCE S 00 deg. 46 min. 32 sec. W 362.10 feet along the West right-of-way line of said State Road and the East boundary line of aforesaid Dallas Brewery Tract to a 5/8" iron rod found; LE~RJ~ DESCRIPTION ATTAC}~T (ContAnued) File ~,~er: TR96101093 THENCE S 27 deg. 11 min. 44 sec. E 31.79 feet along the Southwest right-of-way line of said State Road to a fence post found in the West line of a country lane; THENCE S 00 deg. 30 min. 59 sec. W 485.99 feet along a fence marking the West boundary line of said Country Lane and the Bast boundary line of the aforesaid Dallas Brewery Tract to a PK nail set in concrete at a fence corner at the Southeast corner of said Dallas Brewery Tract, being the Northeast corner of the Tract of land conveyed to Coppell IND. N.V. by the deed recorded in Volume 82071, Page 1061 of the Deed Records of Dallas County, Texas; THENCE S 89 deg. 43 min. 40 sec. W 2,688.83 feet along a fence marking the South boundary line of said Dallas Brewery Tract and the North boundary line of said Coppell IND. N.V. Tract to a 1/2" iron rod set at the Southwest corner of said Dallas Brewery Tract lying in the East boundary line of the aforesaid FREEPORT NORTH ADDITION; THENCE Along the West boundary line of said Dallas Brewery Tract and the East boundary line of said FREEPORT NORTH ADDITION as follows; 1. N 00 deg. 58 min. 39 sec. E 783.91 feet to a 1/2" iron rod set; 2. N 00 deg. 15 min. 52 sec. E 688.85 feet to a 1/2" iron rod set; 3. N 00 deg. 42 min. 32 sec. E 212.46 feet to a pk nail in concrete; 4. N 85 deg. 59 min. 09 sec. W 19.33 feet a 1/2" iron rod found; 5. N 00 deg. 23 min. 32 sec. E 508.86 feet to a 1/2" iron rod set; 6. N 00 deg. 11 min. 10 sec. W 304.93 feet to THE PLACE OF BEGINNING, dontaining 115.113 acres (5,014,307 square feet) of land. GF OR FILE NO.: TR96101093 PAGE: B- 1 SCHEDULE B EXCEPTIONS FROM COVERAGE In addition to the ExcLusions and Conditions and StipuLations, your po[icy wilL not cover Loss, costs, attorneys' fees, and expenses resuLting from= 1. The foLLowing restrictive covenants of record itemized be[ow (t4e must either insert specific recording data or delete this exception)= This exception is hereby deleted in its entirety. 2. Any discrepancies, conflicts, or shortages in area or boundary Lines, or any encroachments, or protrusions, or any overlapping of improvements. ]. Hor~stead or comn~nity property or survivorship rights, if any, of any spouse of any insured. (AppLies to the Owner PoLicy only.) 4. Any titles or rights asserted by anyone, including, but not Limited to, persons, the public, corporations, governments or other entities, a. to tide[ands, or Lands comprising the shores or beds of navigable or perennial rivers and streams, Lakes, bays, gulfs or oceans, or b. to [ands beyond the Line of the harbor or bulkhead Lines as established or changed by any government,or c. to fiLLed in Lands, or artificial islands, or d. to statutory water rights, including riparian rights, or e. to the area extending from the Line of mean [ow tide to the Line of vegetation, or the rights of access to that area or easement along and across that area. (AppLies to the Owner PoLicy only.) 5. Standby fees, taxes and assessments by any taxing authority for the year 1996 and subsequent years, and subsequent taxes and assessments by any taxing authority for prior years due to change in Land usage or ownership, not yet due and payable. 6. The terms and conditions of the doc,~ments creating your interest in the Land. 7. MateriaLs furnished or Labor performed in connection with planned construction before signing and delivering the Lien instr~nt described in SCHEDULE A, if the [and is part of the homestead of the owner. (AppLies to the Mortgagee TitLe PoLicy Binder on Interim Construction Loan on[y, and may be deleted if satisfactory evidence is furnished to us before a Binder is issued.) 8. Liens and Leases that affect the title to the Land, but that are subordinate to the Lien of the insured mortgage. (AppLies to Mortgagee PoLicy OnLy.) 9. The foLLowing matters and aLL terms of the documents creating or offering evidence of the matters (We must insert matters or delete this exception.): a. Easement granted to Texas Power & Light Company by instrument dated November 27, 1931, executed by J. D. Thweatt et al and recorded in Volume 1743, Page 0022, Deed Records of Dallas County, Texas, and as shown on survey prepared by James L. Brittain, R.P.L.S. No. 1674 dated July 17, 1996. Hexter-Fair Title Company ECglFnit~ent.for TitLe ~rance - ScheduLe 8 VALID ONLY IF SCHEDULES A.8. C ?tectlve danuary l, AND COVER PAGE ARE ATTACRED GF OR FILE NO.: TR96~_~093 PAGE: B- 2 b. Easement granted to Texas Power & Light Company by instrument dated November 27, 1931, executed by J. L. Lancaster and recorded in Volume 1743, Page 0027, Deed Records of Dallas County, Texas, and as shown on survey prepared by James L. Brittain, R.P.L.S. No. 1674 dated July 17, 1996. c. Easement granted to Texas Power & Light Co. by instrument dated March 3, 1937, executed by Eula L. O'Connor and recorded in Volume 1992, Page 0431, Deed Records of Dallas County, Texas, and as shown on survey prepared by James L. Brittain, R.P.L.S. No. 1674 dated July 17, 1996. d. Easement granted to County of Dallas by instrument dated October 29, 1963, executed by W. E. Dalton and M. L. Dalton and recorded in Volume 202, Page 0274, Deed Records of Dallas County, Texas, and as shown on survey prepared by James L. Brittain, R.P.L.S. No. 1674 dated July 17, 1996. e. Easement granted to Coppell Municipal Utility District No. 1 by instrument dated March 31, 1975, executed by Thweatt-State Road Joint Venture and William G. Thompson, Managing Partner and recorded in Volume 75142, Page 1352, Deed Records of Dallas County, Texas, and as shown on survey prepared by James L. Brittain, R.P.L.S. No. 1674 dated July 17, 1996. f. Mineral and/or royalty interest as described in instrument executed by Thomas M. Watson, Jr.; Robert S. Watson and Thomas M. Watson to William Edmond Dalton and Murphy Leon Dalton, dated July 27, 1955 and recorded in Volume 4312, Page 0546, Deed Records of Dallas County, Texas; reference to which instrument is here made for all purposes, together with all rights, expressed or implied in and to the property covered by this policy arising out of or connected with said interest and conveyance. Title to said interest not checked subsequent to date of aforesaid instrument. g. Rights of Robert Brunson, Tenant, under that one certain unrecorded Lease dated January 1, 1994. h. Any portion of the property described herein within the limits or boundaries of any public or private roadway. Hexter-Fair Title Company ECgn~mit~ent for Titte - Schedute B VALID ONLY IF SCHEDULES A.B.C ??ectlve January 1, AND COVER PAGE ARE ATTACRED