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Hager Contain/PP-ES 881020~TC GV% 540959 UT/bjp STATE OF TEXAS COUNTY OF DALLAS BUILDING SETBACK RESTRICTION This restriction is executed on the ~~ day of $19.00 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 impose a thirty six foot (36') building setback restriction along the southernmost boundary of the property retained. WITNESSETH ae 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. Be This restriction is perpetual and shall run with the land and inure to the benefit of Hager, 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. Ce Enforcement of this restriction shall be by any proceeding at law or in equity by Hager, 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 ~~ day of (?C~D ~ ~-Y~_ 19 8 8. ~ State of ~ my qommission 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 /f~ day of my co~mission 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: John 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 October 1988. 19th day of my commission expires: 5-10-90 Notary Public in and for the State of Texas Bonnie Grounds Notary's Printed Name otary Pubhc, State of I-exas ~ My Commission Expires (J5/10/90 ~ 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 ~'~ ~ ~ of MBank 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 <'i'.~'~i~/ 1988. day of my commission expires: Notary Public in and for the State of Texas Notary' s Printed Name BUILDING SETBACK RESTRICTION - (hager.res) - Page 6. BOUNDARY DESCRIPTION BEING a tract of land situated in the Jesse Hoore Survey, Abstract N the City of Coppell, Dallas Count . o£ /and as de~--:L ..... Y- Texas and al-~ ~-~- o. 968 in ~-~u~u in deea to ov u~zng part of a 20 ac 2674 of the Deed D ........ Conne// Develo~me-, , ..... re tract .... u~s o: ua/las County, Texas and being more particularly d~rPage as follows: r..,- ~umpany ~n Volume 832 ~bed CO~IENCING at a 1n iron pin at the intersection o£ the south line o£ Sandy lake Road (Thweatt Road) (a S0 foot right-of-way) with the southeasterly line of State High~ay 221 Ca 100 foot right-of-way), said point also being the northwest corner o£ a 30.508 acre tract o£ land as described in deed to Baker ~ Associates Joint Venture No. 7 in Volume 85015, Page 4136 o£ the Deed Records o£ Dallas County, Texas; Thence EAST, g41.84 feet along the south line of Sandy Lake Road to a point for corner; Thence South 0°11,00. East, 993.06 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 8g°4g~o0,, East, S0.O0 feet to the POINT OF BEGINNING, an iron pin for corner; TtiENCE North 89°49,00" East, 606.12 feet to an iron pin for corner; TIIENCE South 0°11 'd0" East, 336.65 feet to an iron pin for corner; TItENCE South 8g°58~20. ~est, 606.i2 feet to an iron pin for corner; TllENCE North 0°ll~00. ~est, 335.00 feet to the POINT' OF BEGINNING and containing 4.673 acres (203,548 square feet) of land.' ROBERTS & DOWDEY CIVIL ENGINEE~ ACREY, ROBERTS & PIERSON, IJ~.~,~,~l~ ~-~--~[~ (~ THREADGILL - DOWDEY & ASSO~~~ 16200 Dallas Parkway, Suit~/ DALLAS, TE~S 7524~/// TO WE ARE SENDING YOU ~Affached [] Under separate cover via the following items: [] Shop drawings [] Prints [] Plans [] Samples [] Specifications [] Copy of letter [] Change order [] COPIES DATE NO. DESCRIPTION ' " tdy/ THESE ARE TRANSMITTED as checked below: [] For approval ,~or your use .~s req u ested [] 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. PRODUCT24~3 ~IAc.,G~A, Mm 01471 SIGNED~ If enclosures are not as noted, kindly notify us at once. SETBACK DESCRIPTION BEING a tract of land situated in the Jessie Moore Survey, Abstract Ho. 968, in the City of Coppell, Dallas County, Texas and also being part of a tract of land as described tn the deed to Connell Development Company as recorded in Volume 83219, Page 2674 of the Deed Records of Dallas County, Texas and being more particularly described as follows~ COMNENCING at an iron pin being the southeast corner of the platted Royal Lane Extension dedication as recorded in Volume 88118, Page.877 of the Plat Records of Dallas County, Texasl Thence North 00'11'00" 'West along the eastern right-of-way of Royal Lane (a 100 foot right-of-way) a distance, of 335 feet to the POINT OF BEGINNING! : THENCE. North 00'11'00' Wast, along said right-of-way, a distance of 36 feet to a point for a corner~ THENCE North 89'49"00" East, departing said right-of-way, a distance of 606.12 feet to a point for · corner, said point being in the west line of a tract of land as described in the deed to H.?. Ardinger, Jr., as recorded in Volum~ ~1087, Page 0323 of the Deed Records of Dallas County, Texasl THENCE South 00'11'00" East, along the west line of said Ardinger Tract a distance of 36.00 feet to the point for corner~ THENCE South 89'49'00' West, a distance of 606.12 feet to the POINT OF BEGINNING. .CONNELL DEVELOPMENT CO. FoI.R./' $ 00"1 I' 00" E 36.00' 606. I 2' 36~ ~ETBACK RECORD AND RETURN TO: Mr. Mark W. Connell Connell Development Co. 10939 Shady Trail, Suite B P. O. Box 541057 Dallas, Texas 75354-1057