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Hager Container-CN 881020STATE OF TEXAS COUNTY OF DALLAS BUILDING SETBACK RESTRIC~ION This restriction is executed on the "~ day of 1988 by Connell Development Company (Connell), Owner. RECITALS 1. Connell is the owner of 19.999 acres of real property located in Dallas, County, Texas which is described by metes and bounds on Exhibit "A", which property is encumbered as follows: (i) Vendor's Lien retained in Deed, recorded in Volume 83219, page 2674, of the Deed Records of Dallas County, Texas, and Deed of Trust Lien recorded in Volume 83219, page 2679, of the Deed of Trust Records of Dallas County, Texas, securing a promissory note in the original principal amount of One Million Four Hundred Thousand Dollars ($1,400,000) dated November 2, 1983, executed by Connell Development Company payable to the order of Executive Systems, Inc., said note and lien collaterally assigned to Texas Commerce Bank--San Angelo, N.A., by instrument dated December 21, 1987, recorded in Volume 88007, page 1612, Deed Records of Dallas County, Texas. (ii) Deed of Trust, Security Agreement, and assignment of rents recorded in Volume 83219, page 2687, Deed of Trust Records, Dallas County, Texas, securing promissory note in the original principal amount of Five Hundred Thousand Dollars ($500,000) payable to Mercantile National Bank of Dallas (now MBank Dallas, N.A.) 2. connell has this date conveyed approximately two hundred three thousand and ten square feet (203,010) of said property to Hager Containers, Inc. (Hager) which is described by metes and bounds on Exhibit "B". BUILDING SETBACK RESTRICTION - (hager.res) - Page 1. Connell desires to setback restriction property retained. impose a thirty six foot (36') building along the southernmoBt boundary of the WITNESSETH Connell covenants and agrees with Hager that no building may be built within thirty six feet (36') of the southern boundary of the property retained by Connell. Said thirty six foot (36') area is more particularly described by metes and bounds on Exhibit C. Connell further covenants and agrees that with respect to any development on the Connell property, no portion of the thirty-six foot (36') area shall be considered in calculating the building setback requirements for the Connell property. This restriction is perpetual and shall run with the land and inure to the benefit of Hag·r, it's successors and/or assigns as the subsequent owner of the property described on Exhibit "B" and shall bind Connell, it's successors and assigns. Enforcement of this restriction shall be by any proceeding at law or in equity by Hag·r, it's successors and/or assigns and the City of Coppell. The prevailing party in any action to enforce this restriction shall be entitled to recover reasonable attorneys fees. BUILDING SETBACK RESTRICTION - (hager.res) - Page 2. Connell Development Company Mark Connell, Chief Exec. Officer STATE OF TEXAS COUNTY OF DALLAS BEFORE me, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared Mark Connell, Chief Executive Officer of Connell Development Company, known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said Connell Development Company, a corporation, for the purposes and consideration therein expressed and in the capacity therein stated. Given under my hand and seal of office, this ~d~ day of ~C3-~D~-~_ 1988. / the State of ~xas my commission expires: Notary's Printed Name Consent and Subordination of Lienholder The undersigned, legal Owner of one certain promissory note secured by a deed of trust as described in the foregoing Building Setback Restriction on the property affected by this restriction, hereby consents to the restriction created herein and agrees that notwithstanding any foreclosure, sale or deed in lieu of foreclosure under or with respect to the undersigned's lien, the provisions of this setback restriction shall remain in full force and effect and said lien shall be and is hereby subordinated to said setback restriction and shall remain BUILDING SETBACK RESTRICTION - (hager.res) - Page 3. inferior to same as if the setback restriction had been executed, delivered, and recorded prior to the execution, delivery, and recordation of the deed of trust in favor of the undersigned. EXECUTIVE SYSTEMS, INC. By: MICHAEL HORN Title: President State of Texas County of Dallas Before me, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared Michael Horn, President of Executive Systems, Inc., known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that the same was the act of the said Executive Systems, Inc., a corporation, for the purposes and consideration therein expressed and in the capacity therein stated. Given under my hand and seal of office, this ~ 1988. day of · y c.~lmlssion expires: Notary's Printed Name Consent to Subordination The undersigned, holder by collateral transfer of the note and liens of Executive Systems, Inc., hereby consents to the subordination of said liens by Executive Systems, Inc., as set forth in this Building Setback Restriction and agrees to be bound by said subordination in all respects. BUILDING SETBACK RESTRICTION - (hager.res) - Page 4. TEXAS COMMERCE BANK -- SAN ANGELO, N.A. By: 3ohn R. Owens Title: Executive Vice President State of Texas County of Tom Green Before me, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared John R. Owens , Executive Vice President of Texas Commerce Bank--San Angelo, N.A, acknowledged to me that he had executed the foregoing as the act of said Bank for the purposes and consideration expressed therein and in the capacity therein stated. Given under my hand and seal of office, this 19th day of October 1988. my commission expires: 5-10-90 Notary Public in and for the State of Texas Bonnie Grounds Notary's Printed Name BUILDING SETBACK RESTRICTION - (hager.res) - Page 5. Consent to Subordination The undersigned, holder by collateral transfer of the note and liens of Executive Systems, Inc., hereby consents to the subordination of said liens by Executive Systems, Inc., as set forth in this Building Setback Restriction and agrees to be bound by said subordination in all respects. MBANK DALLAS, N.A. State of Texas County of Dallas Before me, the undersigned authority, a notary public in and for the State of Texas, on this day personally appeared Dallas, N.A., acknowledged to me that he had executed the foregoing as the act of said Bank for the purposes and consideration expressed therein and in the capacity therein stated. Given under my hand and seal of office, this ~f~4L day of {.'.-~i~-~'~fl 1988. my commission expires: Notary Public in and for the State of Texas Notary' s Printed Name BUILDING SETBACK RESTRICTION - (hager.res) Page 6. B~OUNDARy DESCRIPTION BEING a tract of land situated in the Jesse Hoore SUrvey, Abstract No. g68 in the City of Coppei/, Dallas County, Texas and also being part of a 20 acre tract of land as described in deed to Connell Development Company in Volume 85219, Page 2674 of the Deed Records of Dallas County, Texas and being more particularly described as follows: CO~IENCING at a l" iron pin ~t the intersection of the south l~ne o Road (Th~eatt Road) (a SO foot ri - _ ll~gh~ay 121 (a lO0 £ oe ~i.k. - ght of ~ay) ~itb the so the~ .... f Sandy Lake ot a 50 SOR ~ o .... ~,,~-ot-~ay), said ~ .... u ---~cerzy line of State · o~ume 85015, Page 41~6 of t~- n--~ . ~ aa~er ~ Associates Joint Thence EAST, g4~.g4 feet along the south line of Sandy Lake Road to a point for ,~ u~ea ~ecoras of Dallas County, Texas; COrner; Thence South 0°11~00. East, 995.06 feet leaving the said south line of Sandy Lake Road and along a mutual Boundary Line Agreement as recorded in Volume 85013, Page 4129; Thence North 89°49,00" East, 50.00 feet to the POINT OF BEGINNING, an iron pin for Corner; TIIENcE North 89°4g,00,, East~ 606.12 feet to an iron pin for Corner; THENCE South 0°11~0,, East, $36.6~ feet to an iron pin for Corner; THENCE South 89°$8~20. ~est, 606.]2 feet to an iron pin for corner; TIIENCE North 0°11,00. ~est~ 335.00 feet to the POINT OP BEGINNING and containing 4.673 acres (203,548 square feet) of land.' SETBACK DESCHIPTZON SEING a tract of land situated in the Jessie Moore Survey, Abstract No, 968, in described am follows: COMMENCING at an iron pin being the aoutheamt corner of the platted Royal Lane of Royal Lane (a 100 foot right-of-way) a distance of 335 feet to the POINT OF THENCE North 00°11'00' West, ·long said right-of-way, · distance of 36 feet to a point for · cornerl THENCE South 00'11'00# East, ·long the west line of said Ardinger Tract · distance of 36.00 feet to the point for cornerl THENCE South 89'49'00' West, a distance of 606.12 feet to the POINT OF ~EGZNNING. Z m o & b.I z .j* _J. )- 0 tv, F.i.R./' -., CONNELL DEVELOPMENT CO. V. 83219 P, 2674 N-00' I I' 00" W /_.~35.00' N 89'49' 00" E 8 89*49' 00" W POINT OF BE(~INNING ,.~N 00"I I* 00" W 335.00' B 00'11' 00" E 36'001 606, I 36t I~ETBACK POINT OF COMMENCING ROBERTS & DOWDEY CIVIL ENGI~ ACREY, ROBERTS & PIERSON, THREADGILL- - DOWDEY & ASSO~~ 16200 Dallas Parkway, Suit~.,/ DALLAS, TE~S 7524~/// WE ARE SENDING YOU ~'~A~ached [] Under separate cover via the following items: [] Shop drawings [] Prints [] Plans [] Samples [] Specifications [] Copy of letter ~ Change order [] COPIES DATE NO. DESCRIPTION THESE ARE TRANSMITTED as checked below: [] For approval ~or your use ~s~s requested [] For review and comment [] FOR BIDS DUE [] Approved as submitted [] Approved as noted [] Returned for corrections [] 19 [] Resubmit___ [] Submit [] Return copies for approval copies for distribution corrected prints [] PRINTS RETURNED AFTER LOAN TO US REMARKS COPY TO SIGNED,~ If enclosures are not as noted, kindly not~fy us et once. RECORD AND RETURN TO: Mr. Mark W. Connell Connell Development Co. 10939 Shady Trail, Suite B P. O. Box 541057 Dallas, Texas 75354-1057 TO: CITY OF COPPELL 255 PARKWAY BLVD. P. O. BOX 478 COPPELL, TEXAS 75019 (214) 462-0022 & DATE: ~ PROJECT: I ATTENTION: WE ARE SENDING YOU ~ Attached [ ] Under Separate Cover via [ ] Mark Up Plans [ ] Plans [ [ ] Copy of Minutes [ ] Copy of Letter [ [ ] Change order F'o O the following items: ] Prints ] Specifications COPIES DATE NO. DESCRIPTION THESE ARE TRANSMITTED as checked below: ~] For Your %~ ~7~ ] As Requested ] For Review & Comment ] Returned for Corrections REMARKS: [ ] Resubmit Copies for Approval [ ] Return Corrected Prints [ ] Approved as Noted [ ] Approved as Submitted [ ] Note & Reply To: [ ] Note & Forward To: [ ] Submit Copies for Distribution [ ] Return Markup Plans with Corrections SOPY TO: SIGNED: