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CONSTRUCTION LOAN AGREEMENT N'1' ("Loan Agreement ") NEIGHBORHOOD STABILIZATION PROGRAM Awarding Federal Agency: United States Department of Housing and Urban Development ( "IlUD ") TDHCA Federal Award Number: 11 -08 -1)N -48 -0001: Federal Award Year (Year of Award from HUI) to Tim ICA): 2008 TDHCA Award Year (Year of'lDIICA. Board Approval): 2009 TIIIS Neighborhood Stabilization Program ( "NSP ") CONSTRUCTION 1.,OAN .AGREEMENT dated this r` day of June, 20.12 is made by and between the TI XAS DEPARTMENT OF IIOUSIN ;i ND COMMUNITY AFFAIRS, a public and official agency of the State of Texas ( "L,ender ") whose address is 221 E. 111h Street., P.O. Box 13941, Austin, Travis County, Texas 78711 -3941, and CITY OF HUNTSVILLE, a political subdivision of the State of Texas ("Borrower), whose address is 1212 Avenue M, Huntsville, Walker County, Texas 77340, in connection with a loan in the original principal sung of $594,033.20, of which $35,000.00 is for reimbursement of acquisition for the said Lot as described herein and $559,033.20 is for construction costs. (1ENERA1. Borrower is engaged in the business of construction, which includes rehabilitation and new construction, under NSP and the sale of single - family residences on certain lot(s) located in Walker County, Texas as described in Exhibit A attached. hereto. The Loan that is the subject of this NSP 'Construction .Loan Agreement is to be used by Borrower to finance the acquisition and construction of a single- family residence, in accordance with the Neighborhood Stabilization Program Contract (as defined herein) tot' the single - family dwelling to be constructed or rehabilitated, as those terms are hereinafter defined. A.R'1'ICI.,l3 1 - DH INl'1'IONS For purposes of this l.,oan Agreement, the following terms shall have the respective meanings assigned to them. 1.1 Advance. The terms "Advance" or "Advances" shall mean a disbursement by Lender of any of the proceeds o.t'the Note and /or the Borrower's Deposit (defined herein) based on an interim inspection supported by appropriate documentation as to be d.etermined by I.,crider. 1.2 Affidavit of Borrower. The term "Affidavit of Borrower" shall mean a sworn affidavit of Borrower (and such other parties as Lender may require) to the effect that all statements, invoices, bills, and other expenses incident to construction of Improvements incurred to a specified date, whether or not specified in the Approved Budget for such Improvements, have been paid in full, except for (a) amounts retained pursuant to the Construction Contract, if applicable and (b) items to be paid from the proceeds of an Advance then being requested or in another manner satisfactory to lender. 'l':14dld1Loan l)oes1NS1'11ntcriin Construction Loans11266 City of l luntsvillellntcrint Construction Loan Agrecrttent 20120319 v5.d0e Page, 1of121 1.3 Application i:or Advance. The term. "Application for Advance" shall mean a written commercial draw request through. the Lender's housing Contract System, including all supporting documentation required to correspond and substantiate the expense. Said application, in the form attached hereto as Exhibit B, or on such other .foil)) furnished and approved by Lender Iron) time to time) shall be completed by Borrower (and such other parties as Lender may require) and submitted to Lender and if requested by Lender specifying by name, current address, and amount. all parties to whom) Borrower is obligated for labor, materials, or services supplied for the construction of the Improvements and all other expenses incident to the Loan, and the construction of the Improvements, whether or not specified in the Approved Budget, requesting an Advance for the payment of such items, containing, if requested by Lender, an Affidavit of Borrower, accompanied by such schedules, affidavits, releases, waivers, Statements, invoices, bills, and other-documents as .Lender may .reasonably request, including but not limited to an executed Application and Certificate: for Payment and an Interim Construction inspection Report (as those terms as hereafter defined). 1.4 !\implication and Certificate fbr Payment. The tern) "Application and Certificate for Payment" shall mean a written application in the form attached hereto as Exhibit C (or on such other 'brim furnished and approved by Lender from time to time) by Borrower submitted to Lender to correspond xvith and substantiate each Application for Advance. 1.5 .Approved l3udgct. The term "Approved Lhtdget" shall be prepared by the Borrower and include the following documents: schedule of values and itemization of costs incurred, together demonstrating a budget or a cost itemization, that specifies the cost by item of all labor, materials, and services necessary for the construction of Improvements for which the proceeds of a Note are to be used in accordance with the Plans and all Governmental Requirements. 1.6 /architect. This term is not applicable to this agreement. 1.7 Borrower, The term "Borrower" shall mean CITY OF 11.1.1.1N'I'SVII..I.,E, a political subdivision of the State of Texas. 1.8 l3orrower's Deposit. The term "Borrower's Deposit" shall mean such cash sums as Lender may deem necessary, fr'oin time to time until a Loan is paid in full, in addition to such Loan, for the payment of the costs of labor, materials, and services required for the construction of the Improvements, other costs and expenses specified in the Approved 'Budget, and other costs and expenses required to be paid in connection with the construction of'the Improvements in accordance with the Plans and any Governmental Requirements. 1.9 Commencement Date. The term "Commencement Date" shall mean the date as of even date herewith. 1.10 C'onipietion. When all of the following have been delivered to Lender: (i) certificate of occupancy (or its equivalent) front the appropriate governmental authority having 'r:Ildl(1\Loan i)ocaINSYIintcriin Construction Loans11266 City of tlunlsviliclinteritn Construction Lorin Agrccinent_20 12( ?3 19.... v5.dac Page 2 of 121 jurisdiction over the Property, (.ii) certificate of substantial completion from the Architect, if applicable, or Inspecting Architect and (iii) an Affidavit and full release of liens in recordable form from the Contractor, if applicable and, upon request of (,ender, any other contractors or subcontractors who have performed work on, or furnished materials .for, the Improvements, or other documentation specified by (.ender. 1.11 Completion Date. The terns "Completion Date" shall mean the date the Improvements are constructed or rehabilitated to completion, but in no event later than August 1, 2012. 1.12 Construction Contracts: The term "Construction Contracts" shall mean any and all contracts and agreements, written or oral, between Borrower and the General Contractor, between Borrower and any other original contr'actor, between any of the foregoing and any subcontractor and between any of'the loreggoing and any other person or entity relating in any way to the construction. of the Improvements, including, without limitation, the 1)erlorrning of labor or the furnishing of standard or Specifically fabricated materials in connection therewith. 1.13 General Contractor or Contractor. The tern! "General. Contractor" or "Contractor" shall mean City of Huntsville, a political subdivision of the State of Texas, or any other general contractor engaged by Borrower and approved in writing by bender to construct the Improvements thereof. 1.14 Debtor Relief Laws. The terra "Debtor Relief I.,aws" shall mean any applicable liquidation, conservatorship, bankruptcy, moratorium, rearrangement, insolvency, reorganization, or sitllilar laws affecting the rights or remedies of creditor's generally, as in effect .f'oin time to tire. 1.15 Deed _of Trust. The term "Deed of Trust" shall mean an interim construction deed of trust (with security agreement) of even date herewith executed by Borrower to Timothy K. Irvine, Trustee for I...ender, securing the payment of the Note and conveying the .Property. 1.16 !;vent of Delimit. The terra "Event of Default" shall mean the occurrence of any one ol'the following: (a) Any indebtedness evidenced, governed or secured by any of the Loan Instruments is not paid when due, whether by acceleration or otherwise. (b) Any covenant in this Loan Agreement or any of the other Loan Instruments, is not fully and timely performed, or the occurrence of any default or event of default. thereunder. (c) Any statement, representation or warranty in the (Loan Instruments, any Financial Statements or any other writing delivered to (..,ender in connection with the Loan is false, misleading or erroneous in any material respect. (d) Failure of the construction of Improvements or any materials for which an Advance has been requested to comply with the Plans, any Governmental Requirements, or the requirements of any contract purchaser of a lot(s) and Improvements, if applicable. I':11did\Loan 1.)ocs \NSPltnterifn (.`.onsrruction I.oans11266 City oft hmtsvilleUnternn e.:4„n5lraclion Loan Agreement_.2012O319 v5.doc Page 3of121 (e) Failure of Borrower to satisfy any condition specified herein as precedent to the obligation of Lender to slake an Advance after an Application .Lot' Advance has been submitted by Borrower to Lender. (f) A. reasonable determination by I...ender that construction of the Improvements will not be completed on or before the Completion ].)ate. (g) Borrower or any person obligated to pay any part of the indebtedness evidenced, governed or secured by the Loan Instruments: (1) does not pay its debts as they become clue or admits in writing its inability to pay its debts or makes a general assignment for the benefit of creditors; or (2) commences any case, proceeding or other action seeking reorganization, arrangement, adjustment, liquidation, dissolution or composition of it or its debts under any Debtor Relief Laws; or (3) in any involuntary case, proceeding or other action commenced against it which seeks to have an order for relief entered against it, as debtor, or seeks reorganization, arrangement, adjustment, liquidation, dissolution or composition of it or its debts under any law relating to bankruptcy, insolvency, reorganization Oi' relief' of debtors, (i) fails to obtain a dismissal of such case, proceeding or other action within sixty (60) days Of its commencement, or (ii) COMMIS the case from one chapter of the Federal Bankruptcy Code to another chapter, or (iii) is the subject of an order for relief; or (4) conceals, removes, or permits to be concealed or removed, any pair't of its property, with intent to hinder, delay or defraud its creditors or any of their, or makes or suffers a transfer of any of its property which may be fraudulent under any bankruptcy, fraudulent conveyance or similar .law; or makes any transfer of' its property to or for the benefit of a creditor at a tn11e whc.11 other creditors similarly situated have been paid; or suffers or permits, while insolvent, any creditor to obtain a .lien upon any of its property through legal proceedings which is not vacated within sixty (60) days from the date thereof; or (5) has a trustee, receiver, custodian or other similar official appointed for or take possession of all or any part of the Property or any other of its property or has any court take jurisdiction of any other of its property which continues for a period of sixty (60) days (except where a shorter period is specified in the immediately following subparagraph (6)); or (6) .fails to have discharged within a period of ten (10) days any attachment, sequestration, or similar writ levied upon any proper -ty of such person; or (7) fails to pay immediately any final money judgment against such person. 'r:lldldU.,oan Does \NSPIInterim Construction Loans\( 2661 City of 1 luntsvillcllntcrnii Construction loan Agrecmcnt...20120319 vS.doc Page 4nf121 (h) the holder of any lien, security interest or assignment on a Property institutes fi)reclosure or other proceedings or takes other action f:or the enforcement of its remedies thereunder. (i) The liquidation, ternnnation, (dissolution, (death, or legal Incapacity of Borrower. (1) Reasonable belief by Lender that the prospect of payment or performance of any obligation under any of the Loan instruments is unpaired. (k) The occurrence of any material adverse change in the financial condition of Borrower. (1) Default in the payment of any other indebtedness or default in the performance of any other.' obligation to Lender by Borrower. (in) Breach of'the NSP Contract, as defined herein. (n) Default under the NSP Contract. 1.17 Financial Statements. The tern "Financial Statements" shall mean such balance sheets, profit and loss statements, reconciliations of capital and surplus, changes in financial condition, schedules of sources and uses of funds, operating statements with respect to Borrower, pro forma schedules of sources and uses of funds for ensuing twelve -month periods, and other financial information of Borrower as shall be required by Lender, Bronx time to time, which statements shall be certified as true and correct by the party submitting such statements or, if required by Lender, shall be certified by an independent certified public accountant. 1.18 Financing Statements. The terra "Financing Statements" shall mean UCC -1 financing statements of even date .herewith. 1.19 Governmental Authority. The term "Governmental Authority" shall mean the United States, the State of Texas, the county, the city, or any other political subdivision in which the Property is located, and any other political subdivision, agency, or instrumentality exercising jurisdiction over Borrower or the Property. 1.20 Governmental Requirements. The term "Governmental Requirements" shall mean all laws, ordinances, rules, and regulations of any Governmental Authority applicable to l3orrowcr or the Property or the construction or development of Improvements thereon, including, without limitation, the following: the Civil Rights Act of 1964 (42 U.S.C. 2000(d); Executive Order 11063, as amended by Executive Order 12259; Executive Order 11246; Age Discrimination Act of 1975 (42 U.S.C. 6101 et seq.); Equal Credit Opportunity Act (15 U.S.C.. 1691 et seq.); Fair Credit Reporting Act (15 U.S.C. 168.1 et seq.); Fair Housing Act (42 U.S.C. 3601 et seq.); the Americans with Disabilities Act of 1990 (P.i,. 101 -336); of the Rehabilitation Act of 1 973 (29 1.J.S,C. 794) and implementing regulations (24 CFR Part 8); Architectural Barriers Act of 1968 (42 U.S.C. 4151 et seq.); .Federal Drug Tree Workplace Act of 1988 and the regulations promulgated thereunder including, without limitation, 54 CFR Part 4956, Section 3 of the 'r:11dId1Loan I)ocs\NSP1Interim Construction Leans\1266 City orltuntsville \Iiilcriin Construction Loam Agrcement...2O12(}319,. v5.doc Page 5of121 1 fousing and Urban Development Act of 1968; Executive Orders 11625, 12432 and 12138, as amended; the Copeland "Anti- Kickback" At (18 U.S.C. § 874 et seq.); the Davis- .Bacon Act (40 U.S.C. § 276a et seq.); Sections 103 and 107 of the Work ]Hours and Safety Standards Act. (40 U.S.C. § 327 et scq.); the Ifnifor•nr Relocation Assistance and Real. Property Acquisition Policies Act (42 U.S.C. § 4201 et scq.); the .Housing and Community Development Act of 1974; the National Environmental Policy Act (42 U.S.C. § 4321 et seq.); 24 CFR Part 50, of the housing and Urban Development Act as applicable; and 24 CTR. Part 58, 51, 52, and 55 of the Housing and Urban Development. Act; ( "NIPA "); the Lead-Based .Paint Poisoning Prevention Act (42 U.S.C. § 4321 et seq.); ); Protection of Wetlands (Executive Order 11990, Mary 24, 1977); Coastal Management Act (Sections 307 (c) and (d)); Safe Water Driving Act (42 U.S.C. 201, 300(1) and 21 U.S.C. 349); Protection of the Environment, Sole Source Aquifers (40 CFR 149); Endangered Species Act (50 CFR 402); Wild and Scenic Rivers Act (16 U.S.C. 1271 et seq. as amended, particularly section 7(b) and (c)); Farmland Protection Policy Act (7 CFR 658); Federal Actions to Address Environmental Justice in Minority Populations and Low Income Populations (Executive Order 12898, February 11, 1994); Parts of Environmental Review Procedures for Entities Assuming HUI) Environmental Responsibilities: Noise Abatement and Control (24 CFR 51.13); Explosive and Flammable Operations (24 CFI& 51C); Toxic Chemicals and .Radioactive Materials (24 CFR 58.5(a); Airport Clear zones and Accident Potential Zones (24 CFR51 D);the State of Texas Senate .Bill 1356; Title 8, and Chapter 92 of the Texas Property Code; Solid Waste Disposal Act TEX. HEALTH & SAFETY CODE Ann. Ch. 361; Comprehensive Municipal Solid Waste Management, Resource Recovery, and Conservation Act. TEX. HEALTH & SAFETY CODE Ann. Ch 363; County Solid Waste Control Act. TEX. HEALTH & SAFETY CODE Ann. Ch 364; Texas Clean Air Act, TEX. I1EAL'l I-I AND SAFETY CODE Ann, Ch.; and Hazardous Communication Act, TEXAS HEALTH ANt) SAFETY CODE Ann. Ch. 502; and such Governmental Requirements as may be from time 10 time amended or superseded and all of their implementing regulations, as may be amended. 1.21 Hazardous Materials. The term "Hazardous Materials" shall mean (a) any "hazardous waste" as defined by the Resource Conservation and Recovery Act of 1976 (42 U.S.C. Section 6901 et seq.), as amended from time to time, and regulations promulgated thereunder; (b) any "hazardous substance" as defined by the Comprehensive Environmental Response, Compensation and Liability Act of 1980 (42 U.S.C. Section 9601 et seq.), as amended from time to time, and regulations promulgated thereunder; (c) asbestos; (d) polychlorinated biphenyls, whether in the form of' electrical transformers, .fluorescent light fixtures with ballasts, cooling oils, or any other device or form; (e) underground storage tanks, whether empty, billed or partially filled with any substance; (1) any substance the presence of which on a Property is prohibited by any Governmental Requirements; and (g) any other substance which by any Governmental Requirements requires special bancihng or notification of any federal, state or local governmental entity in its collection, storage, treatment or disposal. 1.22 hazardous Materials Contamination. The terra ".hazardous Materials Contamination" shall mean any contamination (whether presently existing or hereafter occurring) of any Improvements, facilities, soil, groundwater, air or other elements on or of a Property by Hazardous Materials, or the contamination of the buildings, facilities, soil, groundwater, air or other elements on or of any other property as a result of .Hazardous Materials at any time (whether befbre or after the date of this I..oari Agreement) emanating from a Property. 'r;llillt111..oaui 1)ocs \NSt'llnterin Construction Loans\1 266 City of fluntsvillc\Interi,n Construction Loan Agrcemcus_.._2012O319 v5.doc ['age 6 of 121 1.23 linpycycinents. The team "Improvements" shall mean the permanent residential dwelling unit to be constructed or rehabilitated on the Lot(s) or on the vacant land that is currently designated for .residential use. 1.23 Inspecting Architects/Engineers. If applicable, the term "Inspecting Architects /Engineers" shall mean such employees, representatives and agents of Lender or third parties, who may, from time to time, conduct inspections of a Property or offer other services related thereto, when applicable. 1.25 Insurance Policies. The term "Insurance Policies" shall mean: (a) All -risk builder's risk insurance during the construction of the .Improvements and Up to the sale of the Improvements, in an amount equal to l00% of the replacement cost of 'Improvements, providing all -risk coverage on the Improvements and materials stored on a Property and elsewhere, and including the perils of collapse, damage resulting from error in design or faulty workmanship or materials, water damage and, if requested by Lender, .flood, earthquake, business interruption, permission to occupy, interest costs and other risks; (b) All -risk insurance after the completion of the construction of the Improvements, as determined by Lender, in the amount of at least 100% of the replacement cost of such Improvements or in such additional amounts as I.,ender may require, providing all -risk. coverage in the Improvements, and, if requested by Lender, to include the perils of flood, earthquake, business interruption and other risks; (c) Such other insurance as Lender may reasonably require. The all - .risk insurance policies referred to in this Section tnay include a reasonable deductible in an amount approved by Lender. All Insurance Policies shall be issued on forms and by companies satisfactory to Lender and shall be delivered to Lender at the address set forth on page one .hereof. All -risk Insurance Policies shall have loss made payable to lender as mortgagee together with a standard mortgagee clause which provides Lender with at least fifteen (15) days prior nonce of amendment or cancellation. Commercial General Liability shall have a provision giving Lender at least fifteen (1 5) days prior notice of cancellation or .material change of the coverage. 1.26 lntetiim, Construction lnspectiQp.R.eport. The term "Interim Construction Report" shall mean a report (on a than provided and approved by Lender and is currently located on the Lender's electronic library, under NS.P, under "Forms" see: http:// wv e% v. tdhea .state.tx.ushlsp /forins.I1tin) and shall be completed by a third party inspector. 1.27 Lender. The term "Lender" shall mean TEXAS DEPAR'T'MENT OF i_IOUSING AND COMM.UNITY AFFAIRS, a public and official agency of the State of 'texas. T:11d1d1Lo;t 1:)ocs1NSA1nierini Uonslruction Loans \126( City of 1iuntsviil6 1uleriur t:;onsliuction loan Agreement 201203I9__vs.doc Pup 7Of121 1.28 Loan. The term "Loan" shall meat) the loan by Lender to Borrower pursuant to this Loan Agreement in the amount of $594,()33.20, on the terms and conditions set thrth in the Note and other .Loan Instruments, from time to time daring the period from the date of this i..oan Agreement Up to Completion i.)ate. 1.29 Loan Instruments. The term "Loan Instruments" shall mean the Loan Agreement, the Decd of .l.'rlist, Note, Financing Statements, and such other instruments evidencing, securing, or pertaining to the Loan as shall, from time to time, be executed and delivered by .Borrower or any other party to Lender pursuant to this l..oan Agreement. 1.30 i.ot(s). The term "Lot(s)" shall mean that certain lot located in Huntsville, Walker County, Texas, and more particularly described in Exhibit A attached hereto which have property addresses of: 500 2nd Street, Huntsville, Walker County, Texas 77320; 115, 117, 119, 121 and 123 A.vcnue 1), Huntsville, Walker County, Texas 77320. 1.31 Neighborhood Stabilization Program. 1'he term shall nnean. "Neighborhood Stabilization Program" (NSP) or (Program), as authorized by the (Housing and I eonolnic Recovery Act of 2008), as an adjunct to the Community Development Block. Grant Program. Housing and Economic Recovery Act of 2008, Pub. I.,. 110 -289, 112 STAT 2850). 1.32 Neighborhood Stabilization Contract. The term "Neighborhood Stabilization Contract," hereinafter "NSP Contract" shall mean the contract executed between Office of Rural Affairs established within the Department of Agriculture, a public and official agency of the State of Texas, formerly known as Texas i)epartinent of Rural Affairs, and Contractor (as stated in the NSP Contract) with a unique contract number of 77099999126 and executed to be effective on September 1, 2009, in the original amount of $1,050,000.00 as assigned and transferred to Lender by Assignment of Contract on August 30, 2011, as amended and extended and as may be further amended .from time to time. 1.33 Note. 'Hie term "Note" shall mean a promissory note in the amount of $594,033.20 of even date herein executed by Borrower payable to Lender. 1.34 Notice of Invalidity of Oral Agreements. The term "Notice of Invalidity of Oral Agreements" shall mean the notice executed by Borrower on even date herein. 1.35 Plans. The term "Plans" shall mean an initial inspection, work write-up, estimate or bid, or other work product as stated by Lender, which pertain to said construction of Improvements prepared or possessed by the Engineer or Architect, if applicable, or others for such Construction with respect to the residence to be constructed or Rehabilitated by Borrower, approved by Lender, and all applicable Governmental Authorities. If an Architect or Engineer is included in the construction or Rehabilitation, then any and all contracts and agreement, written or oral, between the Architect or Engineer and the Borrower, shall also be included in the Plans. T:11dld\Loan 1)ocslNSP\lntcrim Construction i.onns11266 City of Ituntsvillcllnterim C.:onslructian Loan Agrccmeitl,._2(1120319 „v5.doe Page 8 of 121 1,3(1 Rehabilitation: The term "Rehabilitation" includes activities as described in 24 CFR. Section 570.202(b), but limited to improvement or modification of an existing property through an alteration, addition, or enhancement including the demolition of an existing residential property and the reconstruction (rebuilding of a structure on the carne site in substantially the same manner) of residential property. 1.37 Resolution Certificate. The term "Resolution Certificate" shall mean a corporate resolution. in the .form attached hereto as Exhibit F. 1.38 Property. The term "Property" shall mean the Lots(s), Improvement, all other property, personal property or mixed and fixtures constituting the Mortgaged Property as described in. the Deed of Trust. 1.39 Survey. The term "Survey" shall mean a current certified land title survey of the .L,ot(s) satisfying the requirements of a Category IA Real Property Title Survey (Condition 11) as set forth in the latest edition of the Manual For Practice for Land Surveying in Texas and certified as such by the surveyor and including such other certificate as Lender may require in a certificate addressed to Borrower, (.,ender, and the Title Company, signed by the Surveyor and bearing the current date and the Surveyor's registration number and seal, and/or a recorded plat or map of the property, as required by Lender, which plat or map shall be approved and accepted by all Governmental Authorities having jurisdiction of the property. 1.411 Title Company. The term "Title Company" shall mean the title company, approved by 1,ender, issuing the "Title insurance. 1.41 "Title insurance. The terra "Title insurance" shall mean a loan title policy or policies of insurance or loan title policy binder or binders on interim construction loan, as Lender may require, in the amount of the Note described in the Deed of Trust, insuring or committing to insure that such Deed of Trust constitutes a valid first and prior lien and subject only to those ex.ceptions and encumbrances which Lender may approve, issued by the Title Company. ARTICLE 2 - ADVANCES OF THE 2.1 Interest on the Loan, Interest on the Loan, at the rate specified in the Note, shall be computed on the unpaid principal balance which exists from time to time and shall be Computed with respect to each Advance only 'from the date of such Advance (as to the portion of each Advance not constituting a portion of Borrower's Deposit). 2.2 Advances. New construction and. reconstruction shall utilize the Draw Schedule atlach.cd in .Exhibit B-1 which includes a five (5) draw structure. Advances for the payment of costs of labor, materials, and services supplied for the construction of the Improvements and the other items shown in an Approved Budget shall be made by Lender., atter actual commencement of construction of Improvements, for work actually done during the preceding period. Loan proceeds advanced by Lender by journal entry to pay interest required to be paid by Iorrower pursuant to this Loan Agreement shall constitute actual Advances to Borrower. Front time to time, Borrower shall submit an Application for Advance to Lender requesting an Advance for the payment of the "I':Udldll.,oan i)ocs\NSP\Inter'im Constriction 1.oans11266 City of Iluntsvillc\Interint Construction Loan Agreement_, 20120319.. vS.doc Page 9 of 121 acquisition costs of the 1...ot, the interest on the Loan, the costs of labor, materials, and services supplied for the construction) of Improven)ents, and the marketing of the Property for sale, in accordance with and as specified in the Approved Budget. Advances for payment of costs Of construction of Improvements and the other items shown in an Approved Budget shall be limited to the amounts shown in an Approved .Budget and not exceed the aggregate of (a) the costs of labor, materials, and Serv.tees incorporated into the Improvements in a manner acceptable to Lender, including reasonable indirect costs approved by Lender, less (b) all prior Advances for payment of costs of labor, materials, and services for the construction of the 'improvements actually incorporated into the Improvements. Each Application for Advance shall be submitted by Borrower to Lender at least ten (10) business days prior to the date on which an Advance is desired by Borrower (and each statement made in such application must be true and correct at the time the requested Advance is to be made). The final Advance for Rehabilitation, new construction, and reconstruction, including all retainagc, will not be made until the dale which is thirty -one (31) days alter completion of' construction and until the Lender has received the following: (1) an affidavit of completion in a forte approved by the Department and attached as Rxhibit 1) (2) evidence that all Governmental Requirements have been satisfied, (3) evidence that no mechanic's or matcrialman's lien of other encumbrance has been filed and .remains in effect against a Property, (4) final lien releases or waivers by Contractor and all subcontractors, matcrialman, and other parties who have supplied labor, materials, or services .ibr the construction of Improvements, or who otherwise height be entitled to claim a contractual, statutory, or constitutional lien against a Property in a foram approved by Department and attached as Exhibit E and (5) verification that the Title Insurance will be in effect for a minimum of six (6) months alley the final Advance. 2.3 Conditions to the First Advance. As a condition precedent to the first Advance under the Note, 13orrowcr must submit to (.,ender not later than .fifteen (15) business days prior to the anticipated date of the first Advance, a fully completed and executed Application for Advance and must further satisfy the conditions required hereby and execute and deliver to, procure tin. and deposit with, and pay to Lender and, if appropriate, record in the proper records with all filing and recording fees paid, the documents, certificates, and other items that are noted by (x) on Exhibit A- 1 attached hereto, together 'with such other documents, instruments, and certificates as Lender may reasonably require. It is anticipated that the borrower will immediately request an advance for the reimbursement of the acquisition Costs for the Lot(s) securing the Note ill the aggregate amount of $35,000.00. 2.4 Conditions to Subsequent Advances. As a condition precedent to each subsequent Advance under the Note other than the first Advance, in addition to all other requirements herein, l3orrower must satisfy the following requirements and, if required by Lender, deliver to Lender evidence of such satisfaction: (a) All conditions precedent to the first A.dvanee shall have been satisfied; (b) No Event of Default shall exist; 'f:11dld1Loan 1)ocsll`1SPlluterim Construction I.oans11266 City of Iuntsvillelinterim Construction Loan Agrccmcnt„2012 {1319 v5.doe Page 10 of 121 (c) A. fburadation survey, if required by Lender, shall have been furnished to I...cnder at final draw, showing no encroachment of the improvements on any boundary line, casement, building setback line, or other restricted area; (d) The representations and warranties made in this Loan Agreement shall be true and Correct on and as of the date of each Advance, with the same elect as ifmade on that date; (e) Borrower will procure and deliver to ]..ender, if required by Lender, releases or waivers of mechanics' Liens and rcecipted bills showing payment of all parties who have furnished materials or services or performed labor of any kind in Connectiojl with the construction of any of the Impmven)ents; and (f) The Title .Insurance shall be in effect. 2.5 Reallocation of Approved Budget. Lender reserves the right to make Advances which are allocated to any of the designated items in an Approved Budget for such other purposes or in such different proportions as Lender play, in its sole discretion, dceln necessary or advisable. Borrower may not reallocate items of cost or change an Approved Budget without the prior written consent: of Lender. 2.6 No Waiver. No Advance shall constitute a waiver of any condition precedent to the obligation of Lender to make any further Advance or preclude Lender from thereafter declaring the failure of Borrower to satisfy such condition precedent to be an Event of Default. 2.7 Conditions Precedent for the Benefit of Lender. All conditions precedent to the obligation of Lender to make any Advance are imposed hereby solely for the benefit of Lender, and no other party may require satisfaction of any such condition precedent or be entitled to assume that Lender will refuse to snake any Advance in the absence of strict compliance with such conditions precedent. All requirements of this Loan Agreement may be waived by .Lender, in whole or in part, at any time. 2.8 Subordination. I...ender shall not be obligated to make, nor shall Borrower be entitled to, any Advance until such time as Lender shall have received, to the extent requested by Lender, subordination agreements from Architect when applicable, Contractor, when applicable, and all other persons furnishing labor, materials, or services for the design or construction of Improvements, subordinating to the provisions of a Deed of ]'rust any lien, claim, or charge they may have against Borrower or a Property. 2.9 Title Insurance. If any of. the Title Insurance consists of Loan Title Policy .Binders on Interim Construction Loan, after expiration of the time periods specified in Section 2.2, Borrower will replace such binders with a Loan Policy (or .Policies) of ".Title Insurance, endorsed and extended to cover the construction costs and acknowledge completion of construction of inil.)I'ovel)lents without any encroachment and in Compliance with all applicable matters of public record and Governmental Requirements, with no additional exception objectionable to Lender. '1':1IdldlLoan t)ocs1NSP1lnIcri,n Construction 1.oans1126n City of liuntsvi11e11nterim Construction Loan Ayrccment 20120319 _v5.doc Page 11 of 121 ARTICLE 3 - REPRESENTATIONS ANT) WARRANTIES OF BORROWER Borrower hereby represents and warrants as of the date of each Advance as follows: 3.1 l'inaiicial_Statements. The financial Statements are true, correct, and complete as of the dates specified therein and .fully and accurately present the financial condition of Borrower as of the dates specified. No material adverse change has occurred in the financial condition of l3onowei' since the dates of the .Financial Statements. 3.2 Suits,_Aetions, Etc, '['here are no material actions, suits, or proceedings pending or to the knowledge of Borrower threatened in any could or before or by any Governmental Authority against Or affecting Borrower or the Property herein described, or involving the validity, enforceability, or .priority of any of the Loan instruments, at law or in equity. The consummation of the transactions contemplated hereby, and the performance of any of the terns and conditiOIls hereof and of the other Loan Instruments, will not result in a breach ol, or constitute a default in, any mortgage, deed of trust, lease, promissory note, loan agreement, credit agreement, partnership agreement, or other agreement to which Borrower is a party or by which Borrower may be bound or affected. Borrower is not in default of any order of any court or any requirement of any Governmental Authority. 3.3 Validanc1 Binding {,)bligation. All of the Loan instruments, and all other documents referred to herein to which Borrower is a party, upon execution and delivery will constitute valid and binding obligations of Borrower, enfbrccable in accordance with. their terms except as limited by .Debtor Relief I.,aws. 3.4 Title to the Properly. Borrower holds full legal and equitable title to the Property herein described, Subject only tO title exceptions set forth in the 'Title :Insurance. 3.5 Coins nencctncnt„ of Construction. Prior to the recordation of the Deed of Trust covering the Property herein described, no work of' any kind that would give rise to a lien having priority over the Decd of Trust (including the destruction or removal O.f any existing improvements, site work, clearing, grubbing, draining, or fencing of the Property herein described in such .Deed. of Trust), shall have commenced or shall have been performed on such Property, no equipment or material shall have been delivered to of upon such Property for any purpose whatsoever, and no contract (or memorandum or affidavit (herco[) for the supplying of labor, materials, or services for the construction of the improvements shall have been. recorded in the mechanic's lien or other appropriate records in the county where such Property is located. 3.6 Disclosure. There is no fact that Borrower has not disclosed to Lender in writing that could materially adversely affect the property, bnlsiness or financial condition of Borrower or the Property herein described. 3.7 Compliance } vet. ki, lTM; rtyirorkmentalRequirements; NoHazardous M= ttrxi<ils. To the best of Borrowers knowledge: '1':114.1td11.oitu 1:)oes \NSl'1lntcrim Construction Loans11266 City of 11 unisvillclIntcrim C:onslroclion Loan A ,reement_. 20120319._v5.ttnc I'agc 12 of 121 (a) No hazardous Materials are located on the Property herein described, released into the environment, Or deposited, discharged, placed or disposed of at, on, under or near such Property. No portion of the .Property herein described is being used or, to the knowledge of Borrower, has been used at any previous time for the disposal, storage, treatment, processing or other handling of Hazardous Materials nor is the Property affected by any Hazardous Materials Contamination. (b) No Hazardous Materials are located in the vicinity of the Property herein described. No property adjoining the Property herein described is being used, or has ever been used at any previous time, for thc disposal, storage, treatment, processing or other handling of Hazardous Materials. No property adjoining the Property herein described is affected by Hazardous Materials Contamination. (e) No investigation, administrative order, consent order, agreement, litigation Of settlement with respect to Hazardous Materials or Hazardous Materials Contamination is proposed, threatened, anticipated or in. existence with respect to the Property herein described. The Property herein described and its existing and prior uses comply and at all tinges have complied with any applicable Governmental Requirements relating to environmental matters or Hazardous Materials. There is 110 condition on the Property herein described which is in violation of any applicable Governmental Requirements relating to hazardous Materials, and Borrower has received no communication from or on behalf of any Governmental Authority that any such condition exists. The Property herein described is not currently on and, to Borrower's knowledge after diligent investigation and inquiry, has never been on any federal or state "Superftind" or "Superlien" list. (d) No asbestos or asbestos - containing .materials have been installed, used, incorporated into, or disposed of on the Property herein described. (e) No polychlorinated biphenyls or materials containing polychlorinated bipbenyls are located 011 or in the Property herein described, in the form of electrical transformers, fluorescent light fixtures with ballasts, cooling oils, or any other device or .lix•m. (f) No underground storage tanks are located on the Property or, to the best: of Borrower's knowledge, were previously located on the Property herein described and subsequently removed or filled, (g) Except for studies, audits, and reports pertaining to the Property, if any, which have been lnacle available to Lender, there have been no environmental investigations, studies, audits, tests, reviews or other analyses conducted by Or which are in the possession of Borrower or available to Borrower in relation to the Property herein described. (11) All representations and warranties contained in this Section 3.7 shall survive thc consummation of the transactions contemplated in this Loan Agreement. 3.8 System Coti111iance. To the hest of Borrower's knowledge, after clue inquiry, the storm and sanitary sewer system, water system, all mechanical systems of the Property herein described and other parts of the Improvements do (or when constructed will) comply with all T:\ldkl\l..oan Does \NSPlfntcrim Construction 1.oans\1266 City of ltuntsvillc \Ettcriin C:onstioction loan Agreement 20120319_..,v5.doc Page 13 of 121 applicable environmental, pollution control and ecological laws, ordinances, rules and regulations, and all Governmental Authorities having jurisdiction of the Property herein described have .issued all necessary permits, .licenses or other authorizations fbr the construction, occupancy, operation, and use of the Improvements (specifically including the named systems). 3.9 Utility Availability. Subject only to payment of fees to be paid from an Approved Budget, all utility find municipal services required for the Construction, occupancy and operation of the Improvements, including, but not limited to, water supply, storm and sanitary sewer systems, gas, electric and telephone facilities, are available for use and tap -on at the boundaries of the Property herein described and will be available in sufficient amounts for the nortnal and intended use of the improvements, and written permission has been or will be obtained from the applicable utility companies or lnunicipalities to connect the Improvements into each of said services. 3.10 Interstate l..and Sales Full .Disclosure Act. Borrower's development of the .Property herein described and the sale or lease of such Property by Borrower are exempt from the registration and reporting requirements of the Interstate I.,and Sales Full Disclosure Act, 15 1.1.S.C. § 1701, et seq., and the regulations promulgate thereunder. Any sale of the Property herein described by Borrower shall be in full compliance with the interstate I.,and Sales Full Disclosure Act and the regulations promulgated thereunder. 3.11 Inducement to Leander. The representations and warranties contained in the Loan Instruments are made by Borrower as an inducement to Lender to hake a Loan and Borrower understands that Lender is relying on such representations and warranties and that such representations and warranties shall survive any (a) bankruptcy proceedings involving Borrower or the Property herein described, or (b) foreclosure of the .Deed of Trust or (e) conveyance of title to such Property in lieu o.f foreclosure of the Deed of "Trust. Acceptance of each Advance constitutes reaffirmation, as of the date of such acceptance, of the representations and warranties of .Borrower in the Loan Instruments, on which Lender shall rely in making such Advance. 3.12 NPDI;S_.l'crni.it. If applicable, Borrower has timely obtained a National Pollutant Discharge Elimination System Permit ( "NI'l.)ES Permit") or has filed a Notice of Intent. to be covered by an applicable NPDI'S Permit in connection with the Property herein described and has otherwise complied with all filing and other applicable requirements of the Water Quality Act of 1987 (33 U.S.C. § 1251 et seq.) (the "Water Quality Act ") and regulations promulgated thereunder. AR i'IC1.i 4 - C:OVENAN'I'S AND AGRI I ENTS OF BORROWI:;R Borrower hereby covenants and agrees as follows: 4.1 Compliance with Governmental Requirements. Borrower shall timely comply with all Governmental Requirements and deliver to Lender evidence thereof. Borrower assumes full responsibility for the compliance of the Plans and the Property with all Governmental Requirements and with sound building and engineering practices, and, notwithstanding any approvals by Lender, Lender shall have no obligation or responsibility whatsoever fin: the Plans or any other matter incident to the Property or the construction of Improvements. :Immediately upon Borrower's receipt T:\ 1(11(1114)m) 11)ocs1NS1'llntcrim Cons' raiction Loa nin1266 City of lie :ilsvillelhneriin Coiisirnclion Loan Agrec;ncnt 20120319._.v5.doc Page 14of121 of any notice from a Governmental Authority of noncompliance with any Governmental 'Requirements, Borrower shall provide Lender with written notice thereof. Any Rehabilitation of a .foreclosed upon home or residential property tinder NSP shall be to the extent necessary to comply with applicable, laws, codes, and other requirements related to housing safety, quality, and habitability, in order to sell, rent, or redevelop such .homes and properties. Rehabilitation may include improvements to increase the energy efficiency or conservation of such homes and properties or provide a renewable energy source or sources for such homes and properties. (housing and Economic Recovery Act Section 2301 (d)(2) of 2008.) The eligibility of renewable energy equipment on existing structures shall be determined by the Beneficiary. Housing that is constructed or Rehabilitated with NSP .funds must meet all applicable Local codes, rehabilitation standards, ordinances, and zoning ordinances at the time of completion. In the absence of a local code for new construction or Rehabilitation, the housing must meet the most current international Building Code. In addition, all NSP funded housing must meet the 'Texas Minimum Construction Standards, as published in the Texas NSP Program Guidelines. NSP assisted new construction or Rehabilitation will comply with iIUD) Program lead - based paint requirements including lead screening in housing built before 1978 in accordance with 24 CFR Part 92.355 and 24 CFR Part 35, subparts A, B, J, K, M, and R. Multifamily housing assisted with NSP funds must meet the accessibility requirements at 24 CFR. part 8, which implements Section 504 of the Rehabilitation Act of 1973 (29 U.S.C. Section 794) and covered multifamily dwellings, as defined at 24 CFR. 100.201, and the design and construction r'equir'ements at 24 CFR 100.205, which implement the Fair Housing Act (42 U.S.C. 3601 - 369). Finally, 'NSP assisted housing must meet Energy Efficiency Standards in accordance with Section 2306.187 of the Texas Government Code. Section 2306.514 of the Texas Government Code must be applied when single family homes are to he constructed. 4.2 Construction of the improvements. On or alter the Commencement IJate as herein defined, Borrower shall commence construction of the Improvements herein described and the construction of the Improvements shall be prosecuted with diligence and continuity, in a good and workmanlike manner, and in accordance with sound building and engineering practices, all applicable Governmental Requirements as described in Section 4.1 above and the Plans. 4.3 Correction of Defects. Borrower, at its cost, shall correct or cause to be corrected (a) any material defect in the Improvements, (b) any material departure in the construction of the Improvements from the Plans or Governmental Requirements, or (c) any encroachment by any part of the Improvements, or any structure located on the Property, on any easement, property line, or restricted area, or any encroachment by any such structure on any building line. 4.4 Storage of Materials. Borrower shall cause all materials supplied for, or intended to be utilized in, the construction of the improvements, but not affixed to Or incorporated into the Improvements or the Property, to be stored on the Property or at such other location as may be approved by Lender in writing, with adequate safeguards, as required by Lender, to prevent loss, theft, damage, or connningling with other materials or projects. 'r: \1dk(1\Loon 1.)ocs1NSP\Interim C'oustruc1ion 1.oan`11266 City of }luntsvilIclInterun Construction Loan Agreement 20120319_ v5.doc Page 15 of 121 4.5 Inspection of the Property. Borrower shall permit I.caader, any Governmental Authority, and their agents and representatives to enter upon the Property and any .location. where materials intended to be utilized in the construction of the Improvements are stored, for the purpose of inspection of the Property and such materials at all reasonable times. 4.6 N<ttices by Governmental Authority,. Casualty, Condemnation. Borrower shall timely comply with and promptly furnish to Lender trite and complete copies of any notice or claim by any Governmental Authority pertaining to a Property. Borrower shall promptly notify (,ender of any fire or other casualty or any notice of taking or eminent domain action or proceeding affecting a Property, or the threat of any such action or proceeding of which Borrower becomes aware. 4.7 Special Account. If requested by Lender, .Borrower shall maintain a special account at a bank or savings and loan association selected by Borrower and reasonably satisfactory to Lender, into which all Advances (but no other binds), and excluding direct disbursements .made by Lender pursuant to Section 4.9 hereof, shall be deposited by Borrower, and against which cheeks shall be drawn only for the payment of (a) costs of labor, materials, and services supplied for the construction of the improvements specified in each Approved Budget and (b) other costs and expenses incident to the I..oan and the construction of the :Improvements specified in an Approved Budget. 4.8 Application_ of Advances. Borrower shall disburse all Advances for payment of costs and expenses specified in an Approved Budget, and for no other purpose. 4.9 .Direct Disbursement and Application by I.,endcr, Lender shall have the right, but not the obligation, to disburse and directly apply the proceeds of any Advance to the satisfaction of any of Borrower's obligations hereunder or under any of the other Loan Instruments. Any Advance by Lender for such purpose, except Borrower's Deposit, shall be part of a Loan and shall be secured by the Loan instruments. Borrower hereby authorizes ..ender to hold, use, disburse, and apply a Loan and the Borrower's Deposit for payment of costs of construction of the Improvements, expenses incident to a I.,oan and the Property, and the payment or performance of any obligation of Borrower hereunder or under any of the other Loan Instruments. Borrower hereby assigns and pledges the proceeds of each Loan and the Borrower's Deposit. k) Lender for such purposes. Lender may advance and incur such expenses as Lender deans necessary for the completion of Construction of the improvements and to preserve a Property, and any other security for a Loan, and such expenses, even though in excess of the amount of a Loan, shall be secured by the Loan Instruments and payable to Lender. lender may disburse any portion of any Advance at any time, and from tirne to time, to persons other than Borrower for the purposes specified in this Section 4.9 irrespective of the provisions of Section 2.3 hereof, and the amount of Advances to which Borrower shall thereafter be entitled shall be correspondingly reduced. 4.10 Costs and Expenses. Borrower shall pay when due all costs and expenses required by this Loan Agreement, including, without limitation, (a) all taxes and assessments applicable to each Property, (b) all fees for filing or recording the Loan Instruments, (c) all fees and commissions lawfully due to brokers, salesmen, and agents in connection with a Loan, or a Property, (d) all fees and expenses of counsel to Lender, (e) all title insurance and title examination charges, including premiums for the Title Insurance, (1) all survey costs and expenses, including cost of a Survey, (g) "1':lld1d11..,oan 17ocs1NSI' I tcriin Construction LoansV266 City or lluntsvillellnterint Construction Loan Agrectnent 2012031<1__vS.doc Page 16 of 121 all premiums for Insurance Policies, and (h) all other costs and expenses payable to third parties incurred. by (..ender in Connection with the consummation of the transactions contemplated by this Loan Agreement. 4.11 Additional Documents. Borrower shall execute and deliver to Lender, from time to time as requested by Lender, such other documents as shall reasonably be necessary to provide the rights and remedies to (.,ender granted or provided for by the Loan Instruments. 4.12 lnsp)ection of Books arici ,Records. Borrower shall permit .Lender to examine and copy the books and records of .Borrower pertaining to a Loan and a Property, and all contracts, statements, invoices, bills and claims for labor, materials, and services supplied for the construction of the Improvements. 4.13 No Liability of (.,ender. Lender shall have no liability, obligation, or responsibility whatsoever with respect to the construction of Improvements except to advance the Loan and the Borrower's Deposit pursuant to this Loan Agreement. Lender shall not be obligated to inspect a Property or the construction of Improvements, nor be liable or responsible for any defect in a Property or Improvements by reason of inspecting same, nor be liable for the performance or default of Borrower, the Inspecting linginccrs, Architects, when applicable, General Contractor, when applicable, Contractor, or any other party, or for any .failure to construct, complete, protect or insure Improvements, or for the payment of costs of labor, materials, or services supplied for the Construction of the Improvements, or fbI' the performancc of any obligation of Borrower whatsoever. Nothing, including without limitation any Advance or acceptance of any document or instrument, shall be construed as a representation or warranty, express or implied, to any party by I,cncicr. 4.14 No Conditional Sale Contracts. Without the prior written consent of Lender, no materials, equipment, or fixtures shall be supplied, purchased, or installed for the construction or operation of Improvements pursuant to security agreements, conditional sale contracts, lease agreements, or other arrangements or understandings whereby a security interest or title is retained by any party or the right is reserved or accrues to any party to remove or repossess any materials, equipment, or fixtures intended to be utilized in the construction or operation of the Inlprovenacnts. 4.15 Defense of Actions. Lender may (but shall not be obligated to) commence, appear in, or defend any action or proceeding purporting to affect a 1_.oan, a Property, or the respective rights and obligations oI'Lender and Borrower pursuant to this I..oan Agreement. Lender may (but shall not be obligated to) pay all ncct,ssary expenses, including attorneys' ices and expenses incurred in connection with such proceedings or actions, which Borrower agrees to repay to Lender upon demand. 4.16 Prohibition on Assignment of Bor'rower's Interest. Borrower shall (lot. assign or encumber any interest of Borrower hereunder without the prior written consent of (.ender. 4.17 Payment of Claims. Borrower shall promptly pay or cause to be paid when due all costs and expenses incurred in connection with each Property and the construction ofImprovements thereon, and Borrower shall keep each Property :free and clear of any lien, charge, or claim other 9':UkIld\Loan f)ocs1NSI'11n►crim Construction Loans11266 City oil f m Construction Loan Agreement. ,20120319v$.doc Page 17 of 121 than the encumbrances of the Deed of Trust coveting such Property and other liens approved in writing by Lender. Notwithstanding anything to the contrary contained in this Loan Agreement, Borrower (a) may contest the validity or amount of any claim 01 any contractor, consultant, architect, or other person providing labor, materials, or services with .respect to a Property, (b) may contest any tax or special assessments levied by any Governmental Authority, and (c) may contest the enforcement of or compliance with any Governmental Requirements, and such contest on the part of :Borrower shall not be a default hereunder and shall not release I...ender from .its obligations to snake Advances hereunder; provided, however, that during the pendeney of any such contest Borrower shall furnish to Lender and ':title Company an indemnity bond with corporate surety satisfactory to Lender and Title Cotnpany or other security acceptable to them in an amount equal to the amount being contested plus a reasonable additional suer to cover possible costs, interest, and penalties, and provided further that Borrower shall pay any amount adjudged by a court of competent jurisdiction tO be due, with all costs, interest, and penalties thereon, before such judgment becomes a lien on such Property. 4.18 Restrictions and Annexation. Borrower shall not impose any restrictive covenants, easements or other eneutnbranees upon a Properly, execute or .file any subdivision plat affecting a Property, or consent to the annexation of a Property to any city without the prior written consent of Lender. 4.19 'Fax Receipts. Subject to the provisions of Section. 4.18 hereof, .Borrower shall furnish Lender with receipts or tax statements marked "Paid" or, if required by Lender, copies of tax statements accompanied by copies of Borrower's checks issued in payment of such taxes to evidence the payment of all taxes .levied on the Property on or before the date such taxes become delinquent. 4.20 Reporting. rung_ )y...1. orro1A'et' - NSP Subrecipient Activity R. port. Until all NSP obligation requirements are met, the NSP Subrecipient Activity Report shall be submitted monthly. Thereafter, the NSP Subrecipient Activity Report shall be submitted quarterly. The Beneficiary shall determine whether all NSP obligation requirements have been met and may amend this rule from time to time or as needed. 4.21 Notice of i,itigation, Claims, and Financial Change. Borrower shall promptly inforin Lender of (a) any litigation against Borrower or affecting a Property, which, if determined adversely, might have a material adverse effect upon the financial condition of Borrower or upon such Property, or might cause an Event of I:)cfault, (b) any Claim or controversy which might become the subject of such litigation, and (c) any material adverse change in the financial condition of 1.3ox'rower. 4.22 l-: 151 _I:(armless. I3orrower shall defend, at its own cost and expense, and hold Lender harmless front, any proceeding or claim in any way relating to a .Property or Loan Instruments executed in connection with a loan. All costs and expenses incurred by Lender in protecting its interests hereunder, including all court costs and attorneys' fees and expenses, shall be borne by :Borrower. The provisions of this Section shall Survive the payment in full of each Loan and all other indebtedness secured by each Decd of Trust and the release of such Deed of "Trust as to events occurring and causes of action arising before such payment and release. l':1ldldU.oan t)ocs1NS1'llnlerim Construction Loan \12(i City of iluntsvillcltnteritn Cnnstruclian Loan Agrcemen1...20120319_, v5.doc Page 18 of 121 4.23 I-lazar'dous Materials; Indemnification. (a) Borrower agrees (i) that Borrower shall not receive, store, dispose or release any Hazardous Materials on or to a Property or transport any Hazardous Materials, to or from a Property or permit the existence of any Hazardous Materials Contamination; (ii) to give written notice to .Lender immediately upon I3orxower's acquiring knowledge of the presence of any hazardous Materials on a Property or of the transport of any Hazardous Materials to or from a Property or the existence of any Hazardous Materials Contamination, with a full description thereof; (iii) to promptly, at Borrower's sole cost and expense, comply with any Governmental Requirements requiring the removal, treatment or disposal of such Hazardous Materials or Hazardous Materials Contamination and provide Lender with satisfactory evidence of such compliance; (iv) to provide Lender, within thirty (30) days after demand by .Lender-, with a bond, letter of credit or similar financial assurance evidencing to Lender's satisfaction that the necessary funds are available to pay lire cost of removing, treating and disposing of such Hazardous Materials or Hazardous Materials Contamination and discharging any assessments which may be established on a :Property as a result thereof; and (v) to insure that all leases, licenses, and agreements of any kind now or hereafter executed which permit any party to occupy, possess or use in any way a Property or any part thereof, whether written or oral, include an express prohibition on the disposal or discharge of any Hazardous Materials at or affecting a Property, and a provision that failure to comply with such prohibition shall expressly constitute a default under any such agreement. (b) Borrower shall not cause or suffer any liens to be recorded against a .Property as a consequence of, or in any way related to, the presence, reniediation or disposal of Hazardous Materials in or about such Property, including any state, federal or local so- called "Superf md" lien relating to such matters. (c) Borrower shall at all times retain any and all .liabilities arising from the presence, handling, treatment, storage, transportation, removal or disposal of Hazardous .Materials on a Property. Regardless of whether any Event of Default shall have occurred and be continuing or any remedies in respect of a Property are exercised by Lender, Borrower shall to the extent authorized by law and subject to funds legally available for the purpose defend, indemnify and hold harmless Lender and any trustee named in the Deecl of `l'rusl covering such Property (and any successor to such trustee) from and against any and all liabilities (including strict liability), suits, actions, claims, demands, penalties, damages (including, without limitation, lost profits, consequential damages, interest, penalties, fines and monetary sanctions), losses, costs and expenses (including, without limitation, attorneys' fees and expenses, and remedial costs) (the foregoing are hereinafter collectively referred to as "Liabilities ") which may now or in the future (whether before or after the culmination of the transactions contemplated by this Loan Agreement) be incurred or suffered by Lender or the trustee named in the Decd of Trust. (or any successor to such trustee) by reason of, resulting from, in connection with or arising in any manner whatsoever out of the breach of any warranty or covenant or the inaccuracy of any representation of Borrower contained or referred to in this Section or Section 3,7 of this Loan Agreement and the Deed of (rust or which may be asserted as a direct or indirect result of the presence on or under, or escape, seepage, leakage, spillage, discharge, emission, or release from a Property of any Hazardous Materials or any Hazardous Materials Contamination or arise out of or result from the environmental condition of the Property '1':ll(iklll..oan f)oes1NSP11ntcri Construction l.oans11266 City ot'liumsvitlellnterim Construction 1,oan Agreement_ 2012o3I9._vS,doe Page 19 of 121 or the applicability ot'any Governmental Requirements relating to :Hazardous Materials, whether or not occasioned Wholly or in part by any condition, accident of event caused by Borrower. Such Liabilities shall include, without limitation: (i) injury or death to any person; (ii) damage to or loss of the use of any property; (iii) the cost of any demolition and rebuilding of any improvements now or hereafter situated on the Property or adjacent property, and the cost of repair or rcmediation of any such improvements; (iv) any lawsuit brought, good faith settlement reached, or governmental order relating to the presence, disposal, release or threatened release of any i:lazardous Materials on, front or under the Property; (v) the imposition of any lien on the Property arising from the activity of Borrower or Borrower's predecessors in interest on the Property or from the existence of Tlazardous Materials or Ira ardous Materials Contamination upon the Property; and (vi) the cost of any activity required by an Governmental Authority. (d) The covenants and agreements contained in this Section shall survive the consummation of the transactions contemplated by this Loan Agreement. 4.24 Notice to Pmeced. Borrower must receive a Notice to Proceed from Lender prior to the start of any construction activities and /or prior to disbursements of funding for Eligible Costs. Texas Neighborhood Stabilization Program ( "NSP ") developments with eight (8) or more units are required to meet Davis Bacon .Prevailing Wage Regulations and sub.tnit required documents prior to the issuance of the Notice to Proceed. At a minimum, a Labor Standard Officer (TDI -ICA Form 6.02) must be submitted to Lender to receive authorization tor acquisition disbursement. If construction of Improvements will begin within ten (10) days from the date hereof, .Borrower must. have complied with the Lender's established Notice to Proceed policy and procedures prior to the execution of this Agreement. 4.25 Lead-Based Paint. Borrower shall ensure that the Lot(s) and Improvements meet the lead- based paint requirements set firth in 24 CIF Part 35 Subparts A, 1:3, .1, .1<., M, and R, as applicable. 4.26 Accessibility. Borrower shall ensure that the Improvements .meet the accessibility requirements applicable to the Lot(s) and .Improvements set fiorth in 24 CFR. Part 8, which implements Section 504 of the Rehabilitation .Act of 1973 (29 USC Section 794), and the design and construction requirements set forth in 24 CFR Section 100.205, which implements the Fair Ilousing Act (42 USC Sections 3601- 3619). 4.27 Federal Drug Free Workplace Act. .Borrower shall comply with the Federal Drug Free Workplace Act of 1988 and the regulations promulgated thereunder including, without limitation, 54 CFR Part 4956. 4.28 Non - procurement, Debarment and Suspension. Borrower shall comply with non- procurement, debarment and suspension standards set forth in 2 CFR Part 180, Subpart C, as required by 2 CFR. Part 2424 and shall not employ, award a contract to, or fund any person that has been debarred, suspended, proposed for debarment or placed on ineligibility status by 1 -I1.JD or the Department. Borrower shall post any notice of procurement and job opportunities related to this Agreement on the Deparline.nt's website on the workintcxas,eo m website. 'I':1ld1d11..oau Docs1NSI'11nterim Construction 1,oanst1266 City of Ilunlsvitletlnterim Construelioa (man Agreement 20120319_v5.doc Page 20 01'121 4.29 National Flood Protection Act. The Lot(s) and Improvements will be constructed in compliance with elevation requirements that meet or exceed those M the QA.P, the National Hood Protection Act, I1U1) 24 CIF Part 55, and any local requirements. 4.30 Byrd Amendment: Prohibition for Influencing Federal Entities. "1'o the best of Borrower's knowledge, Borrower has complied with all restrictions, certifications and disclosure requirements contained in the Byrd amendment to the fiscal 1990 appropriations measures for the United States Department of the Interior (P.1.,. 101 -121) and any guidelines and rules issued by any federal entity in connection therewith, if applicable. ARTICLE 5 - RIGHTS AND REMEDIES DII::S OF LENDER 5.1 Rights of Lender. Upon the occurrence of an Event of .Default, Lender shall have the right, in addition to any other right or remedy of Lender, but not the obligation, in its own name or in the name of Borrower, to enter into possession of each Property; to perform all work necessary to complete the construction of Improvements substantially in accordance with the Plans and Governmental Requirements; and to employ watchmen and other safeguards to protect such Properly. To the extent authorized by law, Borrower hereby appoints Lender as the attorney -in -fact of Borrower, with full power of substitution, and in the nanlc of'Borrower, if Lender elects to do so, upon the occurrence of an Event of Default, to (a) use such sums as are necessary, including any proceeds of the Loan and the Borrower's Deposit, make such changes or corrections in the Plans, and employ such architects, engineers, and contractors as may be required ibr the purpose of completing the construction of the Improvements substantially in accordance with the .Plans and Governmental Requirements, (b) execute all applications and certificates on. Borrower's behalf which may be required for completion of construction of the Improvements, (e) do every act with respect to the construction of the Improvements which Borrower may do, and (d) prosecute or defend any action or proceeding incident to the Property. The power of attorney granted hereby is a power coupled with an interest and irrevocable. Lender shall have no obligation to undertake any of the foregoing actions, and, if Lender should do so, it shall have no liability to Borrower for the sufficiency or adequacy of any such actions taken by Lender. 5.2 Cessation of Advances. Upon the occurrence of an Event of Default, the obligation of lender to disburse the Loan and the Borrower's Deposit and all other obligations of Lender hereunder shall, at Lender's option, immediately terminate, unless and until reinstated by Lender in writing. 5.3 Acceleration. Upon the occurrence of an .Event of Default, .I...ender may, at its option, declare the Loan immediately due and payable without notice of any kind (unless notice is required by applicable law). 5.4 Funds_ of lender. Any fluids of Lender used for any purpose referred to in this Article 5 shall constitute Advances secured by the Loan Instruments and shall bear interest at the rate specified in the Note executed in connection with the Loan for which fluids are used to he applicable after default thereunder. "r: \1dldlr..oan Docs \NSPUnlerim Construction l.oans\I266 City of lrontsvilletlnteiim Construction roan Agrecmcnt....20120319__v5.doc Page 21 of 121 5.5 No Waiver orTxhaaustiorn. No waiver by Lender of any of its rights or remedies hereunder, in the other Loan Instruments, or otherwise, shall be considered a waiver of any other or subsequent right or remedy of (.,ender; no delay or omission in the exercise or enforcement. by Lender of any rights or remedies shall ever be construed as a waiver of any right or remedy of Lender; and no exercise or enforcement of any such rights or remedies shall ever be held to exhaust any right or remedy of Lender. 5.6 Role of Lender. Any term or condition hereof, or of any of the Loan Instruments to the contrary notwithstading, Lender shall not have, and by its execution and acceptance of this Loan Agreement hereby expressly disclaims, any obligation of responsibility fg the ninnagement, conduct or operation of the business and affairs of Borrower, and any terra or condition hereof, or of any of the I..oan Instruments, permitting Lender to disburse funds, whether from the proceeds of the Loan, the Borrower's Deposit, or otherwise, or to take or .refrain from taking any action with respect to the .Borrower, the Property or any other collateral for repayment of the Loan, shall deem to be solely to permit. Lender to audit and review the management, operation and conduct of the business and affairs of 1orrower, and to maintain and preserve the security given by Borrower to Lender fin' each Loan and may not be relied upon by any other person. Further, Lender shall not have, has not assumed and by its execution and acceptance of this Loan Agreement hereby expressly disclaims any liability or responsibility for the payment or performance of any indebtedness or obligation of Borrower, and no term or condition hereof, or of any o ' the Loan Instruments, shall be construed otherwise. Borrower hereby expressly acknowledges that no tern or condition hereof, or of any of the I.,oan. Documents, shall be construed so as to deem the relationship between Borrower and Lender to be other than that of Borrower and (..ender, and Borrower shall at all times represent that the relationship between Borrower and Lender is solely that of Borrower and Lender. Borrower hereby indemnifies and agrees to hold Lender harmless from and against any cost, expense or liability incurred or suffered by Lender as a result of any assertion or claim of any obligation or responsibility of (..,ender fbr the management, operation and conduct of the business and affairs of Borrower or as a result of any assertion or claim of any liability or responsibility of Lender for the payment or performance of any indebtedness or obligation of Borrower. AR'I'ICI..1 6 - GENERAL TERMS AND CONDITIONS 6.1 Notices. All notices, demands, requests, approvals and other communications required or permitted hereunder shall be in writing and shall be deemed to have been given when deposited in a regularly maintained mail receptacle of the United States Postal Service, postage prepaid, certified, retunr receipt requested, addressed to Borrower or Lender, as the case may be, at the respective addresses set forth on the first page of this Loan Agreement, or such other address as Borrower or Lender may from time to time designate by written notice to the other as herein required. Notice given in any other manner shall be deemed effective only if and when received by the party notified. 6.2 Entire Agreement and Modifications. The Loan Instrurnents constitute the entire understanding and agreement between the undersigned with respect to the transactions arising in connection with each Loan and supersede all prior written or oral understandings and agreements 'I:11(11(111.ann I)ocs1AlSI' tntcrim Construction 1,oans\1266 City of Iluntsvillcllnterim Constrnclinn Loan Agreement 20120319.. v5.doc. Page 22 or 121 between the unclersigtled in connection therewith. No provision of this I.,oan Agreement or the other Loan Instruments may be modified, waived, or terminated except by instrument in writing executed by the party against whom a modification, waiver, or termination is sought to be enforced. 6.3 Sevcrability. In case any of the provisions of this Loan Agreement shall for any reason be held to be invalid, illegal, or unenforceable, such invalidity, illegality, or unenforceability shall not affect any other provision hereof, and this Loan Agreement shall be construed as if such invalid, illegal, or unenforceable provision had never been contained herein. 6.4 Election of Remedies. Lender shall have all of the rights and remedies granted in the i,oan Instruments and available at law or in equity, and these same rights and remedies shall be cumulative and may be pursued separately, successively, or concurrently against Borrower or the Property or any part thereof, at the sole discretion of Lender. The exercise or failure to exercise any of the same shall not constitute a waiver or release thereof or of any other right or remedy, and the salve shall be nonexclusive. 6.5 porn and Substance. All documents, certificates, insurance policies, and other items required under this Loan Agreement to be executed and/or delivered to Lender shall be in form and substance satisfactory to I.,ender. 6.6 limitation on interest. All agreements between Borrower and Lender, whether now existing or hereafter arising and whether written or oral, are hereby expressly limited so that in no contingency or event whatsoever, whether by reason of acceleration of the maturity of the Loan , or otherwise, shall the amount paid, or agreed to be paid to Lender for the use, forbearance, or detention of the money to be loaned hereunder or otherwise or .tor the payment or performance of any covenant or obligation contained herein or in any Note, Deed of 'Trust or in any other Loan. Instruments, exceed the maximum amount permissible under applicable law. If from any circumstance whatsoever, fulfillment of any provision hereof or of any such Note, Deed of Trust or other Loan .lnstroments, at the time performance of such provision shall be due, shall involve transcending the limit of validity prescribed by applicable law, then ipso facto, the obligation to be fulfilled shall be reduced to the limit of such validity, and if from any circumstance the Lender shall ever receive as interest or otherwise an amount which would exceed the highest lawful rate, such amount which would be excessive interest shall be applied to the reduction of the principal amount owing on account of the Loan or on account of any other principal indebtedness of the Borrower to the Lender, and not to the payment of interest, or if such excessive interest exceeds the unpaid balance of principal hereof and such other indebtedness, such excess shall be refunded to the Borrower. All sums paid or agreed to be paid to the I...ender for the use, forbearance or detention of the indebtedness of the Borrower to the ].,ender shall, to the extent permitted by applicable law, be amortized, prorated, allocated and spread throughout the full terns of such indebtedness until payment in full so that the actual rate of interest on account of such indebtedness is uniform throughout the teriii thereof. The terra "applicable law" as used herein nieaiis (i.) the law pertaining to maximtlin rates of interest that is now in effect and (2) any law that collies into effect at any time in the future allowing a higher maximum interest rate than the law now in effect. The terms and provisions of this Section will control and supersede every other provision of all agreements between Borrower and. Lender. T:lldldll..oun f)ocs11NNS1'Wilcritn Construction Loans11266 City of l IuntsvillcUntcnin Construction Loan Agreement 20120319.._v5.duc Page 23 of 121 6.7 No Third Party [3eneficiary. This Loan Agreement is for the sole benefit of Lender and Borrower and is not for the benefit of any third party. 6.8 limower. in Control. in no event shall Lender's rights and interests under the Loan Instruments be construed to give Lender the right to, or be deemed to indicate that Lender is in control of the business, management or property of Borrower or has power over the daily management functions and operating decisions made by Borrower. 6.9 Number and Gender. Whenever used herein, the singular number shall include the plural and the plural the singular, and the use of any gender shall be applicable to all genders. The duties, covenants, obligations, and warranties of Borrower in this Loan Agreement shall be joint and several obligations of Borrower and of each Borrower ii' more than one. 6.10 Captions. The captions, headings, and arrangements used in this I.,oan Agreement are for convenience only and do not in any way affect, limit, amplify, or modify the terms and provisions hereof. 6.11 Applicable Law. This loan agreement and the loan instruments shall be governed by and construed in accordance with the laws of the State of `l'exas and the laws of the United States applicable to transactions within such state. 6.12 INDEMNITY, 'l'O TEE EXTENT AUTHORIZED BY LAW, AND SUBJECT TO FUNDS 1,1(IAI...LY AVAILABLE FOR `l'.UA':1' PURPOSI: , BORROWER HEREBY EXPRESSLY SSLY A.CKNOW.I.,1 DGI S AND RECOGNIZES ITS RESPONSIBILITY FOR AND AC:JREI ,S 'I'O INDEMNIFY AND 1101..1) I. }sND1;R AND ITS SUCCESSORS AND ASSIGNS ABSOLUTELY HARMLESS FROM AND AGAINST All, COS'T'S, EXPENSES, LIABILITIES, LOSS, DAMAGE OR OBLIGATIONS INC11RRL I) BY OR IMPOST i) UPON LENDER OR ITS SUCCESSORS AND ASSIGNS IN CONNECTION WITH THE ASSI:::RTION OF (A) ANY CLAIM FOR I:3ROKERAO.[ , AGENCY OR FINDER'S I I:1: S FOR COMMISSIONS IN CONNEC'T'ION WITH. THE LOAN; OR (13) ANY CLAIM FOR ATTORNEYS', APPRAISAL.,, 'I'.l`l'LE INSURANCE, INSPECTION OR (:)'1'.111:R FEES, COSTS AND EXPENSFsS INCURRED IN CONNECTION WITH THE NEGOTIATION, CLOSING, ADMINISTRATION, C01,1:.,1 ('PION Olt REFINANCING OF `1111; LOAN, WHICH ARISE BY, THROUGH OR ON BEHALF OF THE BORROWER OR ANY AGI N`1' OR RI's.P.RL SLNI'ATIVE OF BORROWER. W11'1:IOU1' INTENDING TO LIMIT '1'111.: RIM :DIES AVAII,AI3I:,1:; '1'O .1 1 NDI R WI`1'[I R1 Sl'l( 1, `I'O THE 1:iN1ORCIsMEN`.1 OF 11.S INDEMNIFICATION .RIGHTS AS STATED 111 Ri IN OR AS STATED IN ANY LOAN INSTRUMENT, IN '1111.1 EVENT ANY CLAIM (:)[t. DEMAND IS MAI)1. OR ANY 01111:;8 FACT COMES TO THE ATTENTION OF LENDER IN CONNI: C1 ION WI` 111, RELATING OR PERTAINING TO, OR ARISING OUT OF `1'.(11:; `1 R.ANSAC'1 IONS CONTEMPI,ATED 13Y "11IIS AG.RI: J MI::N`1', WHICH I.,I3NDl`;R. RI ASONABI,Y 13111I,VIs5 MIGIFT INVOINE OR 1.1: AI) '1'O SOME LIABILITY 01 1..1:;NDI R, I.3ORROWER SHAI.,I.,, IMMEDIATELY U1'ON R.I: CI::1P'1' OF WR.I'VI'I N NO'TIFICAT'ION OF ANY SUCH CI,AI.M OR DEMAND, ASSUME:, IN 11)11, `1111. PERSONAL RESPONSIBILITY 1 Ok AND '1111'.1 1)1 :;1'1 NS.L OF ANY SUCH CLAIM OR 1)1;MAN1:) AND PAY IN CONNEC`}'ION `1111:RI WI'T'H. ANY I..,OSS, DAMAGE?, DEFICIENCY, 11A1311,1`1'Y OR OBLIGATION. IN THLz, EVENT OF COI.IR'1' A( 1ION IN ".f:lldldlt.oan 1)ocs1NS1'1lnterim Conslrttetion Loans\12(6 City of 1Iuntsvillclinlcri;n Construction Loan Agrcc»tcnt 2012O319....v5.doc Page. 24 of 121 CONNECTION WI'I'U ANY SUCH CLAIM OR DEMAND, THE BORROWER SHALL ASSUME IN R/1.,1., THE RI: SPONS1.RII.,I".1Y FOR 1111 DEFENSE OF ANY SUCH A.0 1JON AND SH-IAI.I:., IMMEDIA'I'I 1 Y SAT.iSFY AND DISCHARGE ANY FINAL, 1)1 CRI 1.; OR .IUDCrM1 NT RENDERED "1'1I.1:;RI IN. '1'.1-I1:'s LENDER SIIAI.,.I flAVE '11IL R1(31 -I.1, '1'0 JOIN THE BORROWER AS A PARTY D.UT,N1.)AN'1' IN ANY LEGAL ACTION R.R.OIJGIL"i' AGAINST I'1', AND 1111 BORROWER I-11 IU BY CONSENTS TO 1111 1:.N'1 RY OF AN ORDER MAKING IT A PARTY DEFENDANT TO ANY SUCH ACTION. 6.13 Survival of Covenants. The covenants hereof shad survive the execution and delivery of the Loan Instruments. It is agreed that the terms hereof and the terms of the Loan Instruments shall be cumulative and all such terms shall be construed in a manner that the salve are not inconsistent; provided, however, if a conflict arises, the terms of this Loan Agreement shall control. 6.14 Assignment. Borrower may assign this Contract only upon written consent of Lender. ARTICLE 7 - SPECIAL PROVISIONS 7.1 Continuing Liability. Borrower agrees to develop, construct rind complete all of the Improvements pursuant to the Plans and to the satisfaction of all Governmental Authorities. If Borrower does not complete the Improvements or if the construction thereof is not satisfactory to Governmental Authorities having. jurisdiction thereon, Lender shall have the option to complete the hnprovements to the satisfaction of the Governmental Authorities. if Lender elects to construct and complete the Improvements or take such other action as .may be necessary to obtain the approval of the Governmental Authorities for the construction of the Inlpi'ovements, .Borrower promises to pay to Lender, ill addition to any other amounts which may be owing under any of the Loan Instruments, all sums expended by Lender to complete the .Improvements to the satisfaction of the Governmental Authorities, and such amounts owing to Lender shall be payable on demand and shall bear interest at the rates provided in the Note secured by the Property on which such Improvements have been completed by Lender. 7.2 Sales to NSP Eligible Household Requirement. It is the intent of Lender and Borrower that 100% of the funds .Wade available under NSP are 10 be used to meet the low and moderate income requirement established in the (I-lousing and Economic Recovery Aet Section 2301 (f)(3)(A) (i) and (ii) of 2008.) The low and moderate income requirement includes individuals and fiiniilics whose incomes do not exceed 120% of area median income as defined therein. Such individuals and families will be considered an Eligible Household, as determined by Lender as stated herein and in accordance with any other corresponding provision of federal law or provisions of succeeding laws as may be amended from time to time. The determination of whether a purchaser is an Eligible household shall be made Lender, in its sole absolute discretion. 7.3 Counterparts. This Loan Agreement and any amendments hereto may be executed in several counterparts, each of which shall be deemed to be an original copy, and all of which 'I.:lld1d1Loan Does \NS['Untcrim Consi action 1.oans11266 City ol'iluntsville\lnicrim Construction Loan Agreement 20120319._v5.iloe Page 25 of 121 together shall constitute one agreement binding on all parties hereto, notwithstanding that all the parties shall not have signed the same counterpart. 7.4 NSP Contract. Each term and provision ofthis Construction Loan Agreement is expressly subject to the terms and condition of the Neighborhood Stabilization Program Contract Number 77099999126, executed between Office of Rural Affairs established within the Department of .Agriculture, a public and official agency of the State of Texas, formerly known as Texas Department of Rural Affairs, and :Borrower herein, dated to be effective September 1, 2009, in the original principal sum of $1,050,000.00, as transferred and assigned to Lender by Assignment of Contract on August 30, 2011, as amended and extended and as may be further amended from time to time. The NSP Contract is incorporated herein by reference. The lot or lots securing this loam must be improved with a single family dwelling completed in good and workmanlike manner and sold to an Eligible Household who will maintain the affordability period for rental or homeownership in accordance with the NSP. The terms of (he NSP Contract shall govern over any conflicting provision hereof. TIIIS WRITTEN CONSTRUCTION L()AN AGREEMENT, AND ANY OTHER WRITTEN AGREEMENTS SIGNED CONTEMPORANEOUSLY WITH THE SIGNING HEREOF REPRESENT FINAL AGREEMENT BETWEEN THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE 01? PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF TIIE .PARTIES. T:III RE ARE NO UNWRITTEN ORAL AGREEMENTS .BETWEEN THE PARTIES. EXECUTED D AND D.E .IVIiR1 I) as of the date first recital. l.END.ER: TEXAS DEPARTMENT OF T- IOUSING AND COMMUNITY Al? ?AIRS, a public and official agency of the State 'fexas By; Name: y_1 iI . JAI Its: .Duly ihorizcd officer or representative 'I':\I(1tcl\Loart t)ocs \NSI'\lntcrint Construction loans \[266 City ot'tluntsvill4 \Interim Construction Loam Agrcement.,.20I20319.. v5.ctoc Page 26 (4.121 BORROWER: CITY OF IIUN'I'SVILLIE,, a political subdivision of the State of Texas By: Nanic: Mac Woodward Its: Maj! w 'f: \tdl(111..o i i)oes111S1'1lntciim Construction Loans\1266 City of lluntsville\Intcrim Construction loan Agrecmcnt._20 I20319 vS.doc Yage 27 of 12 E F XHI1HTS A — LEGAL DESCRIPTION (15 pages) A -1 - (:'ONI)ITI()NS TO FIRST ADVANC1. 13 APPI.,I.CAT'ION FOR ADVANCE FOR RI:;CONS'I'.RI.JCTION AND NEW CONSTRUCTION ("APPLICATION FOR ADVANCE ") 13 -1- DRAW SCHEDULE DULE FOR R.I CONSTRIJCTEON AND NEW CONS'lRIJCTION ( "DRAW SCHEDULE) C -- APPLICATION AND CERTIFICATE FOR PAYMENT 1) AF1lI).AVIT OF CC)MP.I.F,TI'ION E WAIVER AND SUBORDINATION OF MECHANIC'S LIEN CLAIMS I RISOI..;IJTION CERTIFICATE 'F:Ild f.)ocs1NSP11nterim Construction Loans11266 City of lluntsvillc \lnteriin Construction Loan Agrccntcnt. 20120319 .v5.doc Page 28 of 121 EX [Huff A - (.1.. of 15J)ages) TRACT is 13E1NG 0.185 of an acre of land, more or loss, situated in the P. GRAY LEAGUE, 424, Walker CountY, Texas and being all of I.OT ONE (1), VANN - JOHNSON SUBDIVISION, a subdivision in City of Huntsville, according to the map or plat thereof recorded In Volume 5, Page 81 of the Plat Records, Walker County, Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made a pan hereof. TRACT 2: BLIND 0,195 of an acre of land, more or less, situated In the P. GRAY LEAGUE. 424, Walker County, Toms and being all of LOT TWO (2),. VANN- JOHNSON SUBDIVISION, a subdivision in City of Huntsville, according to the mop or plat thereof recorded in Volw» a 5, Page 81 oftho Plat Records; Walker County, Texas, and being more particularly described by metes and bounds on Exhibit 'A" attached hereto and made a part hereof. TRACT 3: BEING 0.196 of' an acre of land, more orlon, 41tuated lit the P. GRAY LEAGUE, A.24, Walker County, Texas and being all of LOT THRi:R (3), VANN•JOHNSON SUBDIVISION, a subdivision In City of Huntsville, according lo•tho map or plat thereof recorded in Volume S, Pogo 81. of tho Plat Records, Walker County, Texas, and being more patticulariy described by metes and bounds on Exhibit "A" attached hereto and made a part hereof. TRACE 4: BEING 0.196 of an acre of land, more or less, situated in the P. GRAY LEAGUE, A.24, Walker County, Texas and being all of LOT POUR (4), VANN- JOHNSON SU11DIViSION, a. subdivision In City of Huntsville, according to the map or plot thereof recorded In Volume 5, Page 81 of the Plat Records, Walker County, Toxas, a»d being mots particularly described by metes and bounds on exhibit "A" attached hereto and rnade a part hereof, • TRACT S: BEING 0.196 of an acre of land, more or loss, situated in The P. OKAY LEAGUE, A -24, Walker County, Texas and being all of LOT HIVE (5), VANN•JOHNSON SUBDIVISION, a subdivision bn City of Huntsville, according to the map or plat thereof recorded In Volume 5, Paso 81 attic Plat Records, Walker County, Texaa, and being mare particularly described by metes and bounds on Exhibit "A" attached hereto and made it part hereof. TRACT 6: BEING 0.164 of an acre of land, morn or less, situated In the P. GRAY LEAGUE A -24, %Volker County, Texas and being all of LOT SIX (6),• VANN - JOHNSON SUBDIVISION, a subdivision in City of Huntsville, according to the map or plat thereof recorded in Volume 5, Page 81 of the Plat Rccords, Walker County, "Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made a pan hereof. NOTE: The Company Is prohibited from Insuring the arca or quantity of land described herein. Any staloment in the above regal description of the area or quantity of land 15 not a representation that such area or quantity is correct, but Is mode only for Informational and/or Identification purposes and does not override Item 2 of Schedule.H hereof. T:lldldl1,oan Does \NSP \Interim Construction imams \I 26( City of I luntsvillelinteritn Construction Loan Agreement _20 120319_._v5.d oc Paso 29of 121 Mind AND EOIJNtS DES CRIPTKON of Let 1 eFVenu- 3ohtuon Bobdisislan, /ferthvIlle,Texel Berns n CIES of.e we (6,010 squire feet} tact of land located in the Alward Dray3.eagna, kbetr,N 24, Walker Cdtvnty, Texas and boles all orr.ot 1 of the Vann4o0nro0 Subdleitlen, s, molded in Vol um 5, Pie E1. oldie Plat Accords or W.Jkar County, Texts (P.R.W.C.1',) tense &sins n partlon of Mk csrU ld calfed 1.17 Rao tract of Isnd conveyed to the City of fin Wail!, by dad and recorded In Voturns 653, Piga 720 Of the OR'1clia Pubilo Records of Walker County, Tani (O.P.RW.C.T,); old 0.115 of en en of lend bens more pertleulerly described by Incise end bounds as follower Bk01pJN1N0 at x found 511•1ach Iran sod with rap at the souttoistarly corner of Ibet tertian relied S0' Road et recorded In Volume 10,-hp 161 of Deed Record= of Welker County, Taos (D,1t,W,D.), being In tb.'genhetly One of that oortafn oa1k1 9,04 acre tract or lend conveyed to the City of tIontavilIt by deed and recorded tinder Volume 110, Pegs 99 creed Deed Record?, f anis Page 393 geld Dtld Raoord; a�blas t&e(wutlusstarrtyearne) ofe drat ear ndaNeld 1.17 acre Smolt l'ulN C11, (tenth 08'31'13" Wee, a dialects. of 80.1e hit, along She eotltherty 1 fee or weld Lot I end said 1.17 sere beet, befits the nartherly line of geld 9.04 sere heel end it Id Second Street to I find 31Ednel, iron rod with cap el the southea'tarty comet of the certain Net of lend conveyed to Ptorine Randle by decd and worded In Volume 179, Page 041 or sett Deed Records, befnitherrotnInvaterly cornerofaaldLOU end $.11(11.17 rent 1rec4 T}RtNC£, North 02'3547" Wert, • distance or 110,00 nil, dons the wino, on line of teed Florin Rtndh tr.a and old Lot 1 end 1,17 con teal to 4 found SJd•Jooh bonrod silk cap In the eouths,iy line of JAI 2 of sold Van-Johnson Subdivision, being the northeasterly confer of geld Piorine Rendre hot, same being 11,. nert beggarly ;slutsofatld1..a01, and betas an 4I comer In the tvr &W V tin; of Bald 1.17 acre twit 311titCI, North 87')4'13" lust, a distance of 80.17 feat, alens the southerly lints of said Lot 2, Wes the sarthedy lint of.sld L i 1 to • found 54•1noh Iron rod with cap In the wauesly line' of solid 50' Road, being the tow h easterly corner or old Lot 2, tame bale the north easterly corner of said Lot 1 and being la the easterly tine of acrd Id? sue heel; T8RKCE, South 01'15'47" East. a dleleuee or 101,66 feet, slang the svasterfy 1Jn of as ld SO' Road, betas the easterly Me of said Lot 1 end s..!d 1,17 eons hoot to eke Point 06 Deslo erns tied ea alibiing 0.113 of ea Para of lend. Slorlratrol Control Is bored on holding City or Nvaiwlll. m000mtale No 7$74'(grld coordlnere of North • 10,262,405.31 & Pa aS+3,1Q2,009,413) tad 7575 OM eoordhute of North e• 18762,526.24 4 PAM. 3,101,71172551 Nudes, described en misled to the Tam Coo, dinate System of 1013, Central Zone. Distances 'howls Isis US Survey Peel in "PIstd 11orltonler untie ;Ad maybe con vtrtadto "ORID' untie byn1'0111 y( ogbyRcornbbt edstalersotorof0,9998;, Plat oreven Otte accompanies tits description., Yrepnerd bye_ GioSolatlour, L,LC 23114 Ductile (toed 8prlog, Tam Tel. 281481.9766 'I' ;111Iid1Loart f)ncs \NSIAlotcrinl Construction li.oans,11266 City of 1lunlsville1inteiim Construction Loan Agrccinent_ 2CJ120319...v5sinc Page 30 of 121 sM �t*Kt4 tl Vb *AA Amp elf-POIAA met usf -nr— ox a ..o+w, 1 Pi 11 ti 4. •PAM4f• t . /AWAT. gahlrou r otlizz .toll 11( 17 11 vuferrvo—mwaT04 *OM O . ?y AZ v;07.plm..Z.,r4 A:1.4Zatine AO Os nary Irces=4S2=4:1 p- ---'. RI W iH womb I fY �nN w Hemet wvI H 14.44 at . W a wt. Letkettt Steel et w0W14444.e•.MI 4< ..N4.4Nrd• • 4i iW411i 4e..M 44 »n • M I.rw• W1f4 treat 10:20 yi.Ki 4 4 4 4w j N' EMC. 4.444 tw4H w it w fw., C••••letCCAe. 1. 4 * ine. it wen 4.4 Wti pipr 4144 At r LOT 2 OP VANN JOHNSON RUB DIVISION O?' MG PI.GARA.Nr GRAY LE4GUa, A -24 IN WALKER COUNTY, TEXAS Sotutions,LLC � }p '1':1Id1d 1.,oan 1)ocs\NSPllntcrim Construction I.uans11266 City of 1 tontsvilleilnicrim Construction Loan Agree.meat 20120319.._vS.doc Page 31 of 121 NUM APED BOUNDS D1:SCRLPTIONof Sot 3 of VaenJobuton Sebd leis Ion, IIentseflte, TRIAD Beteg a 0.195 of an nu (8,512 aquae feet) tract of lend touted in the Pkuant (boy Logue, Ahem; 24, Welker County, Texu and bring all of tat 2 of the Voat,lohnton Subd1vlstan, set waded In Wham 3, Page SIof fhb Plat Words of Walker County, Tom (P,R.W,C:1') some bsing a portion of that attain called 1,17 acre oast of Wad oomrsysd tithe. City of Huntsville by dcod end accorded In Volume 953, fogs 730 of OfMol*l Publics Records of Walker County, Tula' (O.P.R.W.C.T.); iild 0.193 of en me of tend being more parka lug, draplbed by snots end hounds 44(0%1 : 48.0ifrfe1101 ai a point in the westetiy line of that Mrtelar 41110 50' Read so rsoordtd In Volume 83, Pegs 161 of Decd Records of Walker County, Tau (D,R.W.G ), baing rise toutheutay coma or i.ot 3. of u14 Vanndohnson SubdIviolon, auto being the noldwartuly comaeofuld Lott, being intim subuty Woof told 1.17 sere haul, from svhish s found 3 /8dnoh Iron rod sHBi aip•bsua South 3'T 23' West, 0.42 felt; R' Id, being thetdattaly line Pei d Lot 2 used WIa 1, 7 along the %sisterly i e fbend 318.1rtsh Iron rod Mit asp at the northeasterly corner of lot 1 of told Venisdohneon Subdivision, being the toolistorteily oornerofaaldLot 2; 7f IDINCB, Routh 07"34'13" Wui, a Romeo of 80,L7 fe st, eleng Rw northerly lice o Foetal Lot 1, being rtes southerly Ere (laird fat 2 to a "bond S /clinch iron rod nl h copal the nadhsyssterly comet of 4014 Lot 1, bang the owthsultt(y corner of that asdala blot of land conveyed to Plortne Randle byd,ed and recorded is Volume 179, logs 341 01.014 Dotd R000rdt, writs hsing an el Omer In the waferry Roe ofsaid 1.17 site hut T11811CR, South 118°J1'13" West, ■ Mouser' of 40.00 feet, *long tba northerly Lino of said Florins Randle troy befog Ihs aou<iery fins of tdd Lot 2, um, doing the wesledy line of add 1.17 lute but to t o a n d 318.blch k a t bed wills cap bt Wet st rttt(y fine of Matter/es caled 0.21 ors tract of Ind convoyed to Betty Rudd by deed and reseeded in Voleete 94, pogo I80 eruld Dad Records, being the northwontaaty tamer of said Morino Riddle treat, same befog the tealhsveaterytor>;ef of card L(112; TUENC13, North 01°33'47' Waal,* Mateo *rat■ of 33.4 feet, *tong the elderly Roo Ot uld 011 lent trooy bafng the westerly Meet raid Lot 2 a nd said 1.17 saes prat to s found VIM nv Iron rod with up at fie notulnwatcrly dorner ofsatd Lot 3, bang the no:thusMOaomte of add Lot 2; • `ti ltiCB, Writs S7°24'13.'1814 to a Marlines 0'130,16114 eons ibe eo01b my line of Bald Lot 3, tiles the 'loll berry lino of told Lot 2 to the Pot nt of Bailout's and oonteiaing0.195 of. acre oCind. '1':1h11d1Loan 1 ?ocs\t' SP \Interim (onslruction 1.oarrs11266 City o11 iuntsvillcltnterint Construction Loan Agrce.i nei tl_. 2012(}319_ _vS. doc. l'age32o1121 Iforlcaniol Control is h ssd ens holding City of Mow/1110 Mouoate,ts Ho. 7374 (grid ceo llueto of Nolo + 10.282,48131 dt Lt w 3,502,009,473) Ind 2511 (grid coordlaste of Notnh ti 10,267,526.24 R PAW' 1,1111,780.73». Bearings described Ins ridged to this Tutu Coardlakio Syste+n of 1913, Csalni Zags. DIttentts ehowit aro US Sunray Ptit in "Yield Hor&ootil" units and euiy bo oonverssd to "CUD" units by inulI1plybeg lay a combMsd scde fetior 010.99911, Nil of even dill atcewpanlse this description. rrepat+ed b3; Cto8ohnions, 3,3,C 76814 Budde Rood Sprit's, Toxes 1Ce1. 381483.9766 Yoh Ns, 31449 -017 T:\ldld \Loan T)ocs \NSP \Interim Construction Loans\12a> City of IlullIsv'illc \Interim C:ouslrticiion Loan Agrecutcnt 20120319 vS.doc Page 33 of 121 ▪ an .114 II Atq'Oa tat .- GM IMSV• • 0 Mat "41 7J4•• t_ 1{.tclAIW.tl llfl* 4lRV.t t. 114/1 rAMG,. ( ▪ 10)0 Itetl K4 Inmta uts —1/ -- 7Mtf `77r" 1440 •/ w5.4.1 1 .Y /4(Q Ft Ft LUIZ 0.ig Ac MS {1,V2 S2 ft) �I aria Js AeNs 41 It fr.///elk Z. r . %Ilvwa�r7us 6v• aio:trr4n • .19irlerrt0'• It 500J1.4 70.00 « .l •• a ,,1_,111 nnlvve AM1i.r 0944 4011 Al Or/ se4rr.r. amok-Yoe° cell-W.4e _ 1 >. dNt Ihr 14 11. Of / .4 14 444.4 ... Ibl p. !19 u 4 PI'V% /.FY .t 11.1 v4 Y•...tp�4.,4 4 h4t.I.11 14�0.11� 1 II9p�4141Ar FI I0.M:+ttt1[�, 4.. Il fcfrf4r 14. c4'•v1.* 0..y• 4000A, 4 rr wr..1 .e. 1xYaM 44.11.1 l■ *wet 11 Ml 144 4+ t••44 111,44 M 440. 07. 41!W'. Y •••••• ir/t tto,,e 1.44 44,44 • 14401.40.)1 A fort. ).44.004414) .V li/f 4 I4 ,ar4..t1 .I NW. • 14411101.141 440.144..:4 401.01 1 i) vwt.44 46,4.4.1 At WO It 14. 1.,.1 0+•,1 A.11. Th. nw urvliw -/1.44 .*I$y Yt •OII) .411 II ' '4/.41)• ..•14441444. Ixt,.4 44.441 4, f4a. Iw[M 1.11. *•• Av101 r. .441 !. 1*4444014 b.•.l VI 40 .N .•U..rt, +.44•1. 41 4. 14444,11i &401, 11 • .1..•ey, r4yr.,.Me 4. 4. • P. Nr►pn 44..., ..114.1.1.0. 41� 441. %-,)-4.47%17'• Fi dl IOTI LOT 2 OF VANN- JOHNSON SUBDIVISION OF THE PLeASANT GRAY LEAGUR, A -24 IN WALKER COUNTY, TEXAS Soluticans,LLC 4..•..14414'1444 044011.111. 1110 'l':11tIId \Loan Iocs1NSP11ntcrim Construction Loims11266 City of 1•1nnlsville \interim Construction Loan Agreentent..20120311) v5.Joc Page 34 of 121 7.113'TE, AND ILOVNAS DYBCNUYt1oN of Lot of Vantr- foLuron Hnhdlvlrten. F;untevllro, Trice Roing a 0496 of an sus 0,559 square feet) tract of fond loaned ht Ihe.Ploarant Cray League, Abstract 24, Whet County, Texeo aid betn8 0ll of tot 3 of tiro Vann - Johnson Subdials /On, as recoil—Jodie Valum, 3. Page 91 ohh4 Ku Records of Walker County, Texas (P.R, W.C.T.) um4 earl o pcolon of 1941 carraln cslkd 1.17 we tract ot4ud oonv6ycd to the City of Huntsville by decd and recorded la Volans933,Pip 720ofOflkis llhndloRecord sofWalkerCptetty,Tsiies (0.P.R•W.C.T,): add 046 of on sere of isnd being mote psrlfkdary detoribed by males sod boasde as 16ltowet F RORIN1HO at a point in the westerly lino of that c,rrakk cotkd 50' Road nor rceordud Lt Pogo 2 f Courtly, Oinaz ufer 83, corner of Lot Deed V '-Sawn $nbdlvlson um4 bo g le ourheat erly sornsr of taut tat 3, snd betas in Ills easterly line of sold 1.17 sera trans, froth which a found 518 - inch Iron rod with up bears South 37•23' West, 0.42 Reg; TBRNCF, South $7'34'13" Welt, a dietaries of 150.76 feet, along the northerly 1111 oft old Lot 2, befog it southerly Iino of sold Lot 3 to a foiled NB.hth Iron rod with cap In ihs eurerly h I'4 of 'het certain called 0.28 son mot of /end conveyed to Reny Randil by dead rmd redordtd fit Volume 94, pigs 180 of sold bard Records, being the northwesterly corner of said Lot 2, same boll rg Ole soothwesterry Fat 3, and be log in thtwislcry lino afield 4.17 two beet; • YJ tiffett, No rth 03135'47" Wed, a Wanes of 57.09 fe st,'long 100 esrtorly Nee of told 0.21 ran tracl, being the wetlerty True *field Lot 3 and said 1.17 Acre tics to a found 3 /44nele (ton rod with csp at the soclhWeslory comer of fat 4 of told Vann -John eon Subdivision, boteg *00 rrorrhw'etsrly corner .(sold Lot 3; TttSNCE,North 87'24113" Rapt, a distaneeof 150,96 feet, along the southerly lino ofrold Lot 4. bobs Iles north,rty Thee of satd Lot 3 to a found 5J8dnch bon rod with cep in the westerly 'too of sold 30' Road, befog the small easterly comer of said Lot 4, 41100 Wag the northeasterly comer of satd 1.02 3, and being in the easterly lino amid 1.17 tare mot; TIttNCE, 80111, 03'33'47" East, i &arnica 0107.00 hat, 'lot'; nu westerly line amid 30' Road, b*Ing nib eulsdy rina of said Lo13 and told 1.17 acre host (*dm Pohl t of Agterolug mod cadtlning 0,196of,. ncn of Sand, Hodson/it Control is baud on holding City of Huartvltle Monanrouts 140. 7374 (gild coordlute of North - 10,262,485,31 & Eno- 3,802,009.473) e4d 7375 (grid coordlnste of Noah - 10,762,526.24 & P,t:s" 3,801,780233). Aesdrigs deisrlbedara rotated to the loxes Coordinate System of 1913, Cobol tons, Dlue *cgs shown Ste US Suzy y Feat In "Fkld Horizotol" until Ind may be convened to "ORID" units by rnulriptyhr8 by raanbined solo rector of0,99918, phi ereve4 deco acehnpanlea tree thief [piton, Pflparalby: Qeogo(n(iont, 1.LC 2381.4 Rudd. Road Spring, Texas Tcl.783.681.9746 Job Irk 11-749.037 I:\ldId \Loan Does \NSPUntcriin Clnistruction l,oansll26( Cilp oflluiilsvillc111ticrim COnsIruction Loan Agrccn1vil 20120319._v5.doc Page 35of121 • • 4CCFtto ® *WA 1441 a 0.1,* OA 1 1411.43 wn+r,Ral INt 149411 Sllsi re411 ""÷1". fetal 111 0 Wu ivlvt "Tr" .4■•1 a 1744,4.4 4trt,1• .1 wlpu{pxpt�n 07.4441.7. MVt4.1.7V. 71 ►e14.01. 71 170. 74014 0 °a 1 I� a 00?' 4 a`1Y 14 51.K1s1(eita CFg1aiCAYE 7 10117 0.4g 44 61 a7 .1I4nrpw, AN 141. 41417 .441. 44 P. 474H 441 .r.'Yly M K 11. ac 41 4141 A. 4x.47 .y1fhf (44411141,0 P\ ha. hvd 41 d. IW 44 444.471. K4 1431 4.41 VNI1 'd 14 %0,74.4.41 },.1.-W401.'1 1{114 M 1411 Tiw. pgl2 1 tN.ri'12l. 'rrlr, lvay w�fiW Pra M\ e/1.4 t -14441 • 1407..;0 m 4,414.,! Hnen 411 xv.i. 41 4 4 V t.+rn:•.di 7. 402141:111.444 1 44144 14, Wpy (4:71114.0444 P.n.444n44 Yr 7111 *414 1404 441µN . 17,17400.71 a 14,1. 7,14711411111.1). * 7IIt (441.4,4441. 711444. 10.711144.1/ *14414 A 4714444) 14.4•., f74r144 14 4414417 40. 6474 41.145741/ (.o.l� N 1431. 04441 tr) r01iw'.n 41117 1141 'Ft/e >rlf7■i11 141, si MEWS AND 8Ol0Yi)3T1E8CIl1PitQ14 of Lot 4of Yap nt-lo etonSI bdWirlon, Huntsville, Texas Being o 0.196 of an acid (8,139 square NO toot of lend totaled to the Wesson Gray Lague, Aboard 24, Walker Co,io ', Texas and being all of tot 4 of the V0nrr.30'I loon SnbdIvillon, of recorded in Vol ure S, No 51 old* Pitt Records of Walker County. Texas (P.R,W.C.t) tams t aing a portico of tint certain coiled 6.17 ON 1001 o11and 10hvayed to who City of 1 ival vIllo by deed and recorded in Vohxns 935. Pogo 720 of Officio! Publio Records of Wither County, Taxas (O,P,R.W.C,1'.); sold 0.196 of or acre of Itnd lying more psrdkularly detctltred by Molts and bounds ns fallow BEGINNING lf olu with 4f D s sirloin tRoad as re o dedInVon 05 P tJ610 Deed Records d of Wdksr County, Taxes • (D.R.W,C.), befog the eoutheaetorly corner of Lot S iof sold V16R+Johnlos Subdivision, sane being rise notthesrtnyy swim of Mid Lot 4, and being to the easterly the of told 1.17 ten Goon TIIENCZ, 8oulb 62°35'47" Boo, a d4440 at 61.00 hel,, along lino westerly Duo of sold 50' Borg, bolug the 'attach, Ilns of tale( Lot 4 and estd 1.17 aen tract to a found 301.1nols iron rod with up Ibr the aodluatlerly corner of Lot 3 of sold V.an,Idnoron Subdlvisloo, bring the southeasterly care, of sold Lot 4; TLENCE, Routh 87414'13" Wool, n d istanea *1150.16 lest, along the Hot111er1y lino*? taidtJot 3. bolos eh's somberly line of Bald Lot 416 a found 5 /8.hi ti Eton rod .ebb oars in rho easterly Iona of out certain called 0.21 tars tract of load conveyed 10 ©etry Render by deed end reooried1d Volwns 94, Page 180 of add Deed Records, being the northwesterly corner of said Lm 3, erne being 61. soulbtnooleny t$rlpr of 1414 Lol4, and being In tie %sisterly lino of sold 1.17 acts troo n TI1ENC *, North 02'33'47 " Witt. r.0l1I csof67, 00fast ,alongtheaslatylloaofadd121 sera t sod seswded 9e 1A 96, t096,Pet19201oldnandite otrds,beingOra%leeertylkoofs sold atld sold 1.17 ocn lraol lotfound 515 blob Iron rod with Cap N the southwesterly canter of sold Lot 3, being tins uodhneiterly caner of laid Lot 4; 111$l0CE, North 17'74'13" Salt, o Maoris* of 150,16 &it, olong Ina south erly Ilse ofsaid Lot 3, bring thin Wholly Nan of sold 1414 to the Point of Beoranlog and cows tang 0.196 of as sere of tend. • • H6rlcontal Conirol is bared on bolding City of Huntsville blouuotentt 710. 7374 (grid coordinate of North o 10,262,405.31 & East" 3,002.009.473) and 7375 (grid coordinate of Nord! 10,262,526.24 & Bost. 3,001,750135), Bearings dNctibed ors 401ated to the Texas Coordinate Syntan of 1953, Ctnlrol 2otie. DIr4n no shown ruts U8 Surrey feat In Vick iiorloontel" units a,o1 cony be converted to 'ARID" antes by mukiptying by a tanbftred Se ale honor of 0.99469. Phi *fovea data nocanpanles lids dtsctlplroo. P,rpared bye G 1oSoltitiopy L.LC 22514 Budd* Rosd Spring,i'outo Tel. 181:081.9766 Job No, 1I.249.027 'I' : \1dld \I.oatt Does \NSP\lnterint Construction Loans \1266 City of'}tunixville1Interim Construction Loan Agreement 201203 19_ v5.dnu Paige, 37 <4' 121 • • (40• ro1Mo) it WM PR «-r•.. rota MLR 0 ROM %mot !I•% oa•ct W 411 rrkt4 ICY N ARN* arp PARRY. Mg= W4UW1 0.44110 Al? .ttRet rPRSsr ,Ar4 AI atrar. NO2V a'47'W $z.00• CAdpYt 0. Rxi laa 1 r74 sI AO! ttP% A.teem. A I . _._� .. SC401' tC � RQ`f_ ti pi � i 1p It "1"1-4 a 4r*44411mar 3► "OA tare .. tat4 •_-•1 AtIO ACRES (a.osa O. fr) - l� areaIl,a ,.41'81 ip i._ — -- ;;&rar 1 *40.14' .. 4,..1 r 1(40 Jgk'7u1. •..� Al TAT► . 1 FI 1tAW1•}QIi'Nr014 ye ill rot. f 1. 1 S i }}t ffa.01 VII 444 PAVI.Cr. 7 6tx yC1k0 CWIT1MTq 14,99, •r C141•Mtn InWM. 4149 .•.4e w 1.a r. ,..Ii 4x44.1.7 4w !+. iiifl:ii 4,1 V41 •f4, r.. , r.7r94_.1s V.. r4A. 1rN 114�� 1 NFC1�: W 44 ri 4144411, 1r•h fr��r�.'M 1 • N oY/lttid• NY1tW �r Nora .. q1. , +1 •.R•w•..44>:1 W *Rana • tnt 1'14n4444c. o4.UR4.44NrrI4444ArIw4NI. r . ,41.4411 a NI. RW.oQ4.4a4 711141 t 4r.F. :. !40.1. • 10.14140 so • 1411, R•N,1•A!Yfy F►N4. .444.4.• R• MNN M •4 I4 R.O. *4714, 44 5111. 4.; *d ta* 4444.444 raw r. V• Wr4t Sol 4. 41041414•141` .rn. ..f 4e l•••*0 t. •4 ••04 If ••44147 N • 444•4 1164,15 4411.14. 0. 4..•J - NI..1 .t... 4.4 41G.0I 144.. *KIN4.4 t tf%1I 1r.. ►r.. N., ..r..•.a4.M... 4. • 4114Lu>• 41 4.n 414 x■«••4.4 RR V.• O. D. ° /1kt1 w /CAW 1.47 4 Or VANN- JOHNSON SUROIVISION OF THE PLEASANT GRAY LEAGUE, A -24 IN WALKV1t COUNTY, TEXAS SolutionsrLLC • • U 4f f'14•1141 ib.: 01n1n77.<111.••. -1177 f:UdldlLoan f)ocs \NSt11t11tC1'iin Consltticlimi Louns11266 City of FluntsviileUnlcrim Construction Loon Agreetucnt__ 20120319.._ v5,doc Page 38of121 AWES AND BOUNDS 0E8CRtPTtpN of Lot 5of Vii ..7 oho ,onSandfvlsfon,klunuvllla,Tosas Doing a 9194 of an aero (1.559 square fe,i) loot of lend bested in the Pleasant Gray Logan, AbstraQI 24, Walker Cooney, Taxis and being all of Lot 5 of tits Vann4Qhtkon Subdivision, no reeorJedb1 Vofwas5, Pap B1 ofthoPhi Rteondsof Walk 'County, Tel ma(P.R.W.C,T.),una bolus a portion of lint eaters celled Lt7 acre Roelof hid coaveytd 10 the City of 1luntsvlih by deed •ad recorded in Vellum 955, Pogo 720or Coftls141 PublloRsootdaof WlIker Cooney, Toxae (O.P.R.W.C.T.); Bald 0.196 of on sere of land bolas more podtoahtly deaeiibcd by nmtas and bands es' biters: DEO'f I7IUIG it a fund Siiduch frog rod with or In Ilia wy,terly Una of that cerhln piled 50' Road es'rewrded in Valor,. 85, Pega 161 of Deed Records of Walker •County, Toxao (O.R.W.C.), baing the,tartheeuerly corner of Lot 4 of told Vaut4oinnon Subdivision, erne bong the southeasterly Omit of aald Lot 5, and bibtg in the elderly 1(48 of sold 1.17 acre tracts THENCL, Soul's 17'24'13" Wait,' Moreno of 15916 feet, along the northerly lino ofsatd 1.01 4, being alts So46leriy Ilse of sold Lot 5 14 n ►ound 5/14nd, Iran rod with cop in the eufsriy lino of that tondo called 0.62 ate trod of ltd conyayed to Abo Johnson by deed and recorded 16 Vohvtn► 96, Page 192 of said Deed Rsconh, halts the nor0,lvasterly canter of old Let 4, elms bolos she southwesterly comer afield Lot 5, aid befog in the was{aly Iitta of 141(11.17 oc re loch, 'THENCE. Noe sir 01.35'47" West, a Ahlesea of 57.00 fest, along oho earterly line of sold 962 ter. tract, beans 11i lva1kay Ilse of sold Lot 5 and aid 1.17 ears traer ton found 518 -lads Iran rod wilt cap e1 the amtllswerkrly corner of Lot 6 of said Vamp- 7obnton Subdivision, Loing the rtotthwntertytomer of old Lot 5; 111ENCB, North 87.24'13" East, a dldana of 150.16 fees, along Um southerly line of said Lol 6, being the northerly Hoe of sold Lot S to a found 514 -inch Iron rod with.eap is the westerly line ofuld 50' Road, helag the $Oadnea,terIyconter of cold Lot 6, UAW being 11 the ntxllnartsriy corner °fold Lot5. andbringlethecastcrlyIlneoftold 1.17 eons trod; TRENCE, Routh 03'3547" T'as1, n Atlanta of 57,00 feet, along the wetteriy lino of said 50' Rood, being the eoiterty Ibno of sold Lot S and said 1,17 acm hoot to Rio Point of Dsglaul ng and conis,nlag 0.196 of an eoro o f toad. lforkoutrd Control is based on holding City at Hmttsvllla Monuments No. 7574 (grid ceoldhate of Noll; m,10,262,415,11 k Baez- 3.$02,009A73) end 7575 (grid coordlaila of Huth . 10,262,526.24 rR Eart. 3,101,710.355). B asdnge described are selef ed to thorium Coordinate Sytlan of 1983. Cintlral 20n11. lbpnca ilwent an US Survey 14111 8. 111416 Horizontal" units and may be conve led to "01810" Indio by natripiyiag by a combined ION Dolor of 0.99911, Plot of even dote aseomponle, tilts tl uerlplion. Psupared by, emo3olnllon,,1,1,C 25814 Dodd* Rood Spring. Zoo ''.1,211.481.9766 Sob No. 11.149-937 I : \Idltl \Leah I)ocmS1' \inieriln ('onslruclioit 1.oans \126(1 city of 11unlsvitic \(nlcriin corislructiou Loan Agrccrncnl 2012(1311 _vS.doc Page 39 (a 12 1 1.10 (ND • • (mew' A 414(241 W4 r,•- ICVlR u.1(f r�l 14444 PL ^1!`• 11184 .KC. *, 4440 N whit' 4f 7!}^ 1444 or .444+0 emrtt ry�W QIA.Rt,t. KiNLk Op1R]r, 1.1ti O } -rm. <fuT N 1f.N 1W,G DUd.. L .,Aid t' . SY cdLISO 001A ,4:444 T »� w`"•' �.,_, *oiAril r. 1 1 �� re NO7'A4'43 Y� orixo —J 1,076 y.r 11 rn 1 S 41 0./Y6 AARi'S 14 al 446.. a s. rt t to/ 0 mix t' 0 itrAcf 111 *4(119 :air mn4 /44'!1. AR6 JONXiVN rot, JO P44!9 Of A.t'Y.f 887'24 43 VI . I" ^rl71.7lflO— WYI VAN 141 VOLI,IC.4/ i rn.W.CT. ( 1TTrare<Ammo:5 4 1.•M1N..4 % • N. (44 44 Maw. 4144 OJ• r+..r.44 ^4w 114 41 .d 4 4 2441441 .. N.y44 I1. 1014 0.4 P. 14844 .a \N ly L440(1 11. UM U 1 r „;4 4%4/ ,41 .411 ../V. ,(4 inu ,4(X.' r. eN w 1C1..1.144• I.. • W4l4i 4 T•••% /ly4.n V. 4M41aze 11441.4... 1131 1 44 4441, ..31 Wee./ 141444 4.4 1W44 1. 1 414 44.^.4114141. 1.44444419 C4041►24N .4.1.44.1 Nyy /44.4.#414 444 2241 •*4. ••4• 4240 .eW..4. .1 .414 • 41.41.41.4.1 ea.- a!:. fiao M.lr421 edge4i:164N1...• 1.,v4L.r. 4 7 W .1 444■ tn4,41 1.% 4.99•• 4 Aiwa rl vs 11,*t 4� y 7.91 444.44`. -.1., 4 4, 111 4.1.41 4. 12441 14'7 O, 4 .4141444 2* 11 14.1* 44 0114444 A (.4* k14e14 14481 .1444 W14. 444 1%1,1 .n .tN•4e41.:.1 CAA... wA 44 .n- ..<.rry �w 144..4 4. 42.1�w `n 4fwd.,*bl4 *41.144 4. A 4...1.144 4 •r.1 44..4...4.1...111 yn. Ik Ij 114 r. it fY LOT 10 Of VANN- )Or1N$ON GU13DWVISION Of Tile PLEASANT GRAY LEAGUE, A -24 IN WALKP.R COUNTY, TEXAS Solutlons,LLC 1 `7e411 Iwn4711� 11 )f1 . L. - /141 -1414 ft1'4* 'I'aldld\t,oun Docs\NS14\1nterim Construction 1.oans11266 Cily of liunlsvi11c \lnteriul Construction Loan Agrccmcut 2012031) _v5.doe Page 40 of 121 M1117,8 AND &1UNUS DI1SC1iuPiloN of Lot 6 of Yana-Johnson SabaIVbron, forms DAMN 'rasa Aolng a 9,164 of an errs (7,121 $glare rose) hoot of Is.d located In Ow Pleasant Oaf League, Abstract 2 4 , Walker C o u n t y , Thus and balms a U of tot 6 ohh. Va nn fohuton Subdlvialoo, to recorded In Volutes S, Page a1 ofdy Phi Record$ of Wdleccouaty, Texas (P.R..W.C.T4tanm being 1 portion of drat strata c ellsd 1.17 acre hest of Lend conveyed to the an of Hunt/Aga by deed and recorded In Volume 931, Pap 720 ofcNrloial Palle Raton&& of Walker County; Texas (O.P.R.W CT.); said 0.164 of an sore of laud behg rare parleolady daedbld by mein and bounds as foloae: • 3 EQ1NN)XXB at a found 5 /8.1nab Iron rod with rap la door wvosluly lino of that cutate felled 50' Road as recorded la Vohuna 45, Pala 161 of the Dud Panda of Walker County, Texas (D.R N/.0 },1a.tng the nothanta;y 1011+1 of Lot S of told Von -Johnson Subdtvldon,'same be Ins die aoudnataly Wit trof said Ivt 6, and being in the artady Poo ofsald 1.17 aaa «ci; TIIENCZ, 8onlb87• 14' 33 "%WA9dbldneO06140,16 fob eon the motherly line of mold Lot 5, baleg the uncanny Tine of said lot 6 to a found 3184noh Ina rod with cap la the eul*dy.Ilne of that corrals caged 0.62 eon Dot of land convoyed to Aba Johnson by dad and r000rded In Volume 96, Pap 192 of uld Deed lkeords, balns Oa nonbwastgiy corner of uld Lr 5, same baby the aoutbwMsrty corner *fled Lot 6, and boing in the want ly line of cold 1,17 scot tract; TDP, lele, North 03435'47" Woo, a Aetna. of 33.10 fat, along the easterly line ehafd 0.62 acre irony being the westerly line of estd Lot 6 and said 1.17 au* meet to a found 318400h Iron rad with cap of she south's oaterly corner of that Pi1a1a titled 0.032 eon tr1ol of land roamed to Cal 3obnmen by lord and recorded bt Volume 977, Pap 120 of old Official Publk R10ord1, Wits the noerlwsitedy comer of told Lot 6, taow bates.* lol.rinr coma In die waslsrly flea of meld 1.17 onetretc0 main; Neetb'17°24'13" hest, a &shines of 6192 foes, along the south, Ifno of said 0.032 acre bloc, bolos the westerly Nn. otaald Lot 6 and sued 1,17 acre tract to a Ewald 518drob Iron sod whir eap at Mr aha W orfy coma of said 0.032 tea traps, batng an interior coma is the westerly linear ltd Lot 6 end old 1.17 acre barn; THENCE, Hoeih 04414'31" Weal,* diRanesof23.65 faet,.lons for easterly line *fail] 0.033 . acs free. Wag the 14*Io*ly 11nt of said Let 6 end said 4.17 dare *stet to a found 0 /8dnsh Iron cod with cep nth. nathauurb een+r ofuId 0.032 auo troy baing oh. southeasterly coma of that amain called 3,000 aq. 0. tray or toad conveyed to Cal Johnson by dad end teakded in Volum* 211, Pale 412 *fold Died R.00rdt, tome bens the aouthweetorly corner of OW Wain' celled 0,736 acre trio of tend conveyed to ilia City of Hrintavllle b�yy doeda and recorded In Whines 514, Page 299 and Votum.314, P.Bo 303 of add (Wan Publlo Record*, also being at aa0mestarly torten- of told Lot 6 road raid 1.17seraokact; . TURNCt, Norrlh 86 °4I'49" teat, a distance of 69.93 fest, along the southerly line of said 0.756 pro I raoy befall tid nortbetly line of said Lot 6 and deli Ll7 "ore Irma to a found 5/8 -loch tron tad with cap at the northwesterly cram of sold 00' Road, Wag eha nenhsa steely comer of acid Lol6 and *4Id 1.17 acs tact; T11YNC1i•. South 02'53'471.' nut 1 dlsetnce of 5749 fast, along the westerly line 0f sold 50' Road, bolas the tangly line of ald tot 6 sod said 1.17 atmo hoes co chi Potat et7legtnni0g eat ttnntn10g0.164 of al! aonof laud, T:1lcfldl1.oau Doss \NSI'llnieriin Construction l.oan5112(i6 City ot-f luntxviflelhttetitn Construction f..o.wn Agrccmcnt . 201203 19....v5.ctoc Page 41 of 121 ifo Irou tut Centro) It based on bolding City of (untsvIUo Islonuomants No. 7$74 (end oordinat. of North 10,262,485,11 it eon- 3,302,00%4n) and 7375 (ptd coonlIntte of north 10,262.126.44 & F,ncD- 3,101,7110.1SS). 8t ;t)ngs desorlbnd aro robnad to the Tcxas Cooidlnate Systen of 198), Ctntral Cone. mole ra shown orab3 Solvay Not bt "FfaTd Ilorlsonne oat cod tnsy ba t own rtcd to "c» IU" wills by 'multiplying bye odmblnad solo factor of 4,99988. Ns' of oven lose snaompaniet Chit dtaatiyt Ion. Preparan by' CsoSolntioas, ►.LC 25814 $Wads Bond S?rlr j, Toss 101.681.9166 Job No. 11.2494077 {'alcild11.oan DocshiSPlInterim Construction L.oans11266 City oi'I {tm{svillellntcritn Construction Loan Agreement 2012O3I9.._v5.doc Page 12 of 121 • • tM Mf[8 ii aWl wt 0•r — na. 11M» tta Wu maps r{ISI. -707" =cot WN4r 'Jan. MOW,. IC.V Maillsel. 4,4104 r.arGr. 4h.A im'wa'w r k CAUSa,/pA YN/>. .YOL IIC' A4 i pv,. f/l. Kt Of YGLA A.E :• PAECr natt. TR fievio •4Y•C • 44414 t• r Y/ t t It t rrao3 rrao.lA,R v v w,x.,. o.tti Attrs i; 14 (7,12; 50. /7) is IT [Stow 541 4 W L4£ri.!' _ .0.wars./ L - - cAWO si, .r(Rrr 1 9a. wpm %VW.r lh p0aa P4L #.`sio •1/40' �' vArrrt`4ro�N t Q vOL. S Pail YA.W.C.Y, Q emote • 0. 140 !407 Ofp45YC7tO CElIVICAYB . 1.rAy dotty Y R. 14 .I tel.N. 4..4 1* y. •04 I .(0 .1 5+ YaV.i W p444.I04 r 1..4.01 Il !p. ;.I&• iM.t H.e(.Yl /elvwwl. PI Wl. l.y.f l yyf F'... •1( .w0,/ W 4w1 ..I.I17,71a1. 1.0W I..04* 900 . N pw ,w1 t ia4ts 1 n la4r�A r.; 4.9.•1011 to •e.•Irni. • HOW 14w0':1iwL w, K. WArowl 004•.4 l.. 1w.N 40 0 M. • %IW4•4 C.0.1 r 4.444 a 44404 Pt 44 rye(M, 1•r•44•4,1 • 444, 441144.44k414 N AAA. • ta0Le411 • to to 1/amtAD4 w 4144 ip■•.«M{l• .0 4410 4 111,113,41A14 • cat. 340:140111N (Mn 6*4.4 r. 04440 4 IN. hw 94•44'... 4.04. a IAN. OaW btu q.t.pr /y.... u r 10.I .4 1. A 1144 ett WI. 4* 4*r 4• awls d �• 4410 is 4'.441,1041.1 4804640 ,.44 0.404 of /4004. 4 14;09 4444.e, MO. 49.40 10.40 w 10.4 04 A.C44441.44 44.446 •,1 4. 04 48448So4, 44•,444•1 •. 4.4.14• we, M (. 1110409 rr*4*14 .. 4. A **Mg*. 01 ,..n pt..a.•r.4. 4,4 W 4 LOT 6 OF VANN- JOHNSON SUBDIVISION OF THE PLEASANT GRAY LEAC{U@,.A -24 IN WALKER COUNTY, T)?XAS Soiutlons,L.LC • 'OM /1•119 RI44.111 'C;1IciI411L,oan 1)ocs1NS1'11tttcrini Construction 1.oniis11266 City of Fluntsvi11c \lnteIinl Construction Loan A grecmenl.,. 2i) 12O319.... v5.cloc Page ,t3 of 121 EXHIBIT A -.1. CONDITIONS TO FIRST ADVANCE (x) 1. The original, executed Note (x) 2. Certified copy of the executed Deed of Trust (x) 3. Approved Budget (x) 4. '1'heTitle insurance Polley (x) 5. The Plans and Final draft: of Construction Contracts (x) 6. The Survey (x) 7. IFinancing Statements (Form IICC.1) with respect to the security interest granted in the Loan Instruments, together with evidence of the priority of the respective security interests perfected thereby (x) 8, Intentionally omitted (x) 9. :Building permit and all other permits required by the Governmental Requirci ►rents with respect to the construction and development of the Property, if applicable (x) 10. Evidence that ail applicable zoning ordinances or restrictive covenants affecting the Property permit the use for which the Property is intended and have been or will be complied with (x) 11. Evidence of the Property's compliance with the requirements of all applicable "environmental protection" laws, rules, and regulations, whether federal, state, or municipal (x) 12. Evidence that all of the streets providing access to the Property either have been dedicated to public use or established by private easement, duly recorded in the records of the County in which the Property is located, and have been fully installed and accepted by Governmental Authority, that all costs and expenses of the installation and acceptance thereof have been paid in fiitl, and that there are no restrictions on the use and employment of such streets that adversely affect, limit, or impair 13oirower's ability to develop and construct the Property or operate the Property for the purposes and in the manner represented to Lender (x) 13. Evidence of the availability of all utilities to the Property, including specifically, but without limitatl.on, gas, electricity, sewer, and water services (x) 14. Evidence that all necessary action on the part of Borrower has been taken with respect to the execution and delivery of this Loan Agreement and the consummation of the transaction contemplated hereby, so that this Loan Agreement and all Loan Instruments to be 'r:\lcilct \Loan l:) cs \Nsp\Interim ('onslruction Loalls11266 City of lluntsville \Ihitcrim Construction Loin Agreement 20120119.._v 5.duc r'agc -I4 of 121 executed and delivered by or on behalf of Borrower will be valid. and binding upon Borrower or the person or entity executing and delivering such document; specifically the Loan Instruments have been duly authorized, executed and recorded or filed in accordance with applicable Governmental Requirements and original counterparts thereof delivered to Lender, all before the commencement of construction of the improvements, the placing of any materials or supplies on the I.ots(s), the execution or recording of any Construction. Contracts (written or oral) fbr any of the same or the performance of any other act which could rise to a lien claim equal or superior to the liens and security interests created by the Loan Instruments. (x) 15. The Insurance Policies or Certificates of such Insurance Policies (x) 16. Application for Advance (x) 17. Application and Certificate for Payment (x) 18. Certified resolutions of the board of directors of 'Borrower authorizing such corporation to execute the 1 oan Instruments and perform its obligations thereunder (x) 19. Tax or assessment certificates or other similar evidence of payment from all appropriate bodies or entities which have taxing or assessing authority over any of the Property, stating that all taxes and assessments are current '1':11d1(11L.,oan 1)ocs \lvSP'ltnleri;n Construction 1 oans1126( City of tluntsvillellitlerim Construction Loan Agrcemcnl....20120319 . vS.doc Page 45 of 121 i)ate: EXHIBIT 13 APPLICATION FOR ADVANCE FOR RECONSTRUCTION AND NEW CONSTRUCTION ( "APPL CATION FOR ADVANCE" Department: TEXAS DEPARTMENT OF HOUSING AND C()MMU.NITY AFFAIRS ( "iT)J1CA "), a public and official agency of the State of Texas I.).raw Request No. I.tetnization of items Permissible per Draw Schedule Requested Advance: $ (less retainage) $ Amount to be Funded: $ BORROWER: CITY OF HUNTSVILLE, a political subdivision of the State of'Texas PROJECT: Acquisition and construction of six (6) single thmily dwellings on property located in. Huntsville, Walker County, Texas more specifically described in Exhibit A with the following property addresses of: 500 2nd Street, Huntsville, Walker County, 'Texas 77320; 115, 117, 119, 121 and 123 Avenue 1), (Huntsville, Walker County, Texas 77320 1. This application and the items accompanying this application (which are incorporated herein for all purposes) are delivered pursuant to the Construction Loan Agreement dated , 2012 Between ".TDE ICA clad Borrower (the "Loan Agreement "), each of the defined terms in the Loan Agreement has the same meaning when used herein or in the attaclunents unless indicated otherwise. Borrower hereby certifies to •I DI-ICA that this application is true and correct in all respects and that this application and every 'item incorporated herein are genuine; and Borrower agrees that TDI-ICA may rely upon same in making the requested advances. '1':11d1dll.,oau 1)ocs1NSPllnlcrim Construction Loaus11266 City of lluntsvillellnterim Construction Loan Agrcemenf_20120319 v5.doc Pnge 46 of 121 2. Borrower hereby requests to draw the principal amount of and 00/100 Dollars ($ ) (the "Requested Advance ") less 10% required in the amount of $ ( "Retai.nage "), for the total of and /100 Dollars ($ )( "Amount to be Funded ") from TDEI.CA during the normal business hours, which when drawn will cruse the balance remaining to be drawls on the Loan to and 00 /100 Dollars ($ ), an amount which does not exceed the committed sum. There is no minimum dollar amount per draw. 3. On. the date hereof, and at the time the Amount to be Funded is to be made, (a) the representations and warranties made in the Loan Agreement and /or certificates delivered pursuant thereto are and will be true and correct in all material respects, (b) no Default or Event of 1:)etimlt has or will have occurred and is or will be continuing, and (c) Borrower has performed all acts required in the 1,oan Instruments to have been previously performed by Borrower. 4. All proceeds Of all previous Advances have been, and the proceeds of the Amount to be Funded will be spent only for Approved Costs and only .for the purposes specified in all Applications for Advance, and accompanying items, heretofore or herewith to `IDI-1CA. 5. The sum of (a) the balance of the sums to be advanced by TD.I -1CA under the loan Agreement plus, (b) all other funds of Borrower available therefore and set aside in a manner which '11)1.1C.`A has indicated is satisfactory to it, will enable Borrower to complete the construction of the Project in substantial accordance with the Plans. 6. All obligations for labor, materials, and other costs heretofore incurred by or on behalf of Borrower in Connection with the construction of the Project and included (a) in any previous Advance have been paid, and (b) in the Requested Advance will be promptly paid upon disbursement of the Amount to be Funded under said Requested Advance. Absolute ownership of all materials, equipment, fixtures and other property heretofore incorporated in the construction of the Project or otherwise installed therein or on the Real Property and paid for by Borrower with the process of a previous Advance or otherwise is vested in Borrower, .free and clear of all rights therein of others except TDIHC.A or other persons holding rights under any Permitted Encumbrance. Neither Borrower, nor any agent of Borrower, has been served with any notice, written or oral, that a lien will be claimed for any amount unpaid for materials delivered, labor performed, or services provided in connection with the construction of all or any portion of the Project, other than those bonded against pursuant to the Loan Agreement, a complete description of which, Wally, is set forth on a schedule annexed hereto; ancl, to the hest of the undersigned's knowledge, no basis exists or the filing or any other mechanic's liens with respect to all or any part of the Real Property for the Project. T:lldldll.oan t)ocs1NS1'\lnierim Consirue1ion Loans11266 City of 1luntsville \(tcrim Conslruclion Loin Agreement.. 2(112031 I_., v5.doc Page 47 of 121 BORROWER: CITY OF HUNTSVILLE, a political. subdivision of the State of Texas By: Name: Mac Woodward Title: Mayor '1:11iIId \I oan 1:)oes\NSP11ntcrim Construction 1 mans11266 City of 1luntsville \Interim Con traction Loan Agrecinent 2012031) v5.doc Page 48 of 121 .I Xiiri ;rr s,11nrAl TRACT 1: BEING 0.185 of an acre of land, more or less, situated in the P. GRAY LEAGUE, A -24. Walker County, T exas and being all of LOT ONE (1), VANN- JOHNSON SUBI >EViSION, a subdivision in City of Huntsville, according to the map or plat thereof recorded In Volume 5, Page 81 of the Plat Records, Walker County, 'i'cxas, and being more particularly described by motes and bounds on Exhibit "A" attached hereto and made a pan hereof, TRACT2; BEING 0.195 of an acre of land, more or leas, situated In the P. GRAY LEAGUE, A -24, Walker County, 'foxes and being all of LOT TWO (2), VANN- JOHNSON SUBDIVISION, a subdivision in City of Huntsville, according to the map or plat thereof recorded in Volume 3, Page 81 of the Plat Records, Walker County, Texas, and being more particutar)y described by macs and bounds on Exhibit "A" attached hereto and made a part hereof. TRACT 3; DEMO 0.196 of an acre of land, more or•1ess, situated In the P. GRAY LEAGUE, A -24, Walker County, Texas and being all of LOT THREE (3), VANN- JOHNSON SUBDIVISION, a subdivision in City of Huntsville, according to the map or plat thereof recorded In Volume 5, Page 81 of the Plst Records, Welker County. Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made a part hereof. TRACT 4; BEING 0.196 of an acre of land, more or less, situated in the P. GRAY LEAGUE, A-24, Walker County, Texas and being all of LOT FOUR (4), VANN - JOHNSON SUUD1V1610N,.a.subdivision in City of Huntsville, according to the map or plat thereof recorded in Volume 5, Page Si of the Plat Records, Walker County, texas. and being more particularly described by metes and bounds on Exhibit "N' attached hereto and mode a part hereof • TRACT 5: f3i3ING 0.196 of an acre of land, rnoic or less, situated In the P. GRAY LEAGUE, A -24, Walker County, Texas and being all of LOT P1VE (5), VANN•JOHNSON SUBDIVISION, a subdivision in City of Huntsville, according to the map or plat thereof recorded in Volume 5, Page 81 Of the Pint Records, Walker County, Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made a pert hence TRACT 6: BEING 0.164 of an acre of land, more or less, situated in the P, GRAY LEAGUE, A -24, Walker County, Texas and being nil of LOT SIX (6),-VANN•JOHNgON SUBDIVISION, a subdivision in City of Huntsville, according to the map or plat thereof recorded in Volume 5, Page 81 of the Plat Records, Walker County, Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made part hereof. • NOTE; The Company is prohibited front Insuring Ilia arca or quantity of land described herein. Any staientent In the above legal description of the area or quanlity of land is not a representation that such area or quantity is correct, but is made only for informational and/or identification purposes and does not override item 2_of Schedute.B hereof. T: \IdJd \i..oan ].)ocs \NSP \Interim Construction 1.,oans \I266 City of Iluntxvillcllnieritn (:instruction loan Agreement, 2(J l20319__v5.ddt: l'agc 99 of 12 t M:TOS AND DOliND A1t.SCRIP7(ONof Lot I of VAnu.Solntson Subrllvlslon,lfuahvitis,T. , Bting • 0,185 of tit ten (1,080 *loon feet) inct of hod located In the Plasma Croy Write, Aboleotl 24, Walk',Cloorny, Tow and busts 611 of Lot 1 of Ito Vann.lohnsait 8ubdivlslon, as rcoordad In Vahun0 S, Pogo St of the Piat Records of Walker County, Teat, (P,RW,C.7.) aanfo being • portion of rho certain calkd 1,17 auo haat of land eonvsycd to rile City of HIFnisvllls by died and suorddd in Volume 93S, Page 720 of the OFfhlal Pubflo Stools of Walker County, Tsaai (O,PA.W.C:a sold 0.IUS of an EOM of land being mor, ptttiwiuly described by Isom and bound, it feltown DL'OtNNINO at a found S /adtch boo rod wllh cap et the toutlnnNuly cams of that etmlo ctilt4 S0' Ruud ai reoprdad In Volume UUrPnga 161 of Dad Record, of Wilber County, Texas (0.11.W.C.), king in Ila'nottltarty I Inc of Om serials oiled 9.04 ;We frost of fond conveyed to the City of Nnnttviue by deed and recorded under Volume 110, raga 99 of Mid I),od Recant., came Page 393nof deo tall paid northerly lino a, d being 013' Rood comer of turd Lot under a Volutut 70, 1.17 acre Viol; ToftlCE, Booth I11'31'13" Wut, • dlaUnte of 1 %19 huts along the uatherly ]ono of sold Lot 1 And gold 1.17 Acts Inct, being lt•.a nortitgly Moor odd 9.04 aB o Iraq tad Old Sheettd Mild 10 I found 5/1.1nch lion rod with cap at the aOuthnatarly font of tint orrafn tritt of land conveyor' to Sloths Randle by died and r000rded in Volume 179, Ptga 541 of told Dttd Rconts, bstak$ha eoalhtwaterly tenet of old Lot 1 and raid 0.17 scot hart T1Dti4CE, North 0235'47" Mot, A dhrnoN of 119.00 fast, Hong tiro •ammon Him of old Florins Rtrdla root And Old Lot 1 And 1,17 can Iract to a found S /1•inch tron'tod runt, cap Intl* sontbttiy line of Lol 2 of old VannJohntan Subdlyhlon, habit the nortbeutsrIy oomor of gold >'rothte landla tract, stm0 being tba naAhwatltrly eotnor of told Jot 1, and being an el comer In IAe tnO Hotly Iint of sold 1.17 acts tract; 771SNCK, Not lit 67! 34'13 " Salt Aillstaataof80.17hot tlonftht tooth etlyltnaarthl4LO1 2, bang the twdbely11inof old lot Itoafounds/ gdnehironrodwit !,upInoswonttyllnti' ofaald 50' Rood, bell 11th tooth comedy oomar of told Lot 2, *ante to Ins tho notifies Irony corns (dolls' Lot land belns In rho emierly lhw of uld 1.17 tent term; '$UE 1 E.South0 /035'479 Ent!, odfslo uttof101, 64f1 sr,alongthewatariyIInaofsaid50' Sod, being rho a uttdy!tap ofufd Lot 1 and cold 1.17 note trot to the 1'obnl of Mgt nu ing and oo u,1,dr g 0,1 IS of to asst of lend. • Noriwntol Confetti h based on holding City of Nuntarlile Monson!, No. 7374 (phi coordinate of /forth" 10,262,483318 Easy 3,132,009,473) sod 7173 (gold cons lute of North 10,752,526.74 & Bath 3,101,710,755). floorings described an misted to At Texas Coondhute Smoot of 1919, Central Zone. Monaco, allows hie VS Suroty rook 'SIN lfarleohltl" units cud nuy bs cotwcrkd ro "CARY Indio by Multiplying by A comblaed Rah factor of 0.99918. Port craven dolt Aaeetpantes Oils dwetlptton,. Prepntao byt GeoSohniour, L1.0 25114 Ilona Sprlog, Testa T,1.181.611.9766 'I':11d1d1Loati 1)ocs\i~iSl'11nterint Ctmstruclion Lotto \l 266 City of 11unlsville11ntoriut (:'ttnslrttction Loan Agree rot end l 2(112(1319., _v5. don c Page 50 of 121 4. VI wi .rover. $l," II:V1 /Si PONS KU —9 MS '777— raot or ,ar.nt 61. 14 X14 R 1.. .(Ord I I lrnMsxnr WPATi314 r ' • 1l• d rar Y ARizia y Are Mo y z awry 443X.: Ie ` ' ' WN�e'� rorti 4315T4'° • so tµ, leve44 LOT 1 GP VANN- 9HNSOH ▪ u0 e•a w wu.( waM w ti.. Nr * M a ny SUADMIION O/ THU Pk6ANA 66..4...4 . GRAY LRACKI , A -34 aww.row.e.r_M um., oity War. IN WRUOIR COUNTY. leXAS Ilr. t$74 (tit Aft.aput 6WN __- 3.161016104 W /IYMrfilL M OWN . 147OaN ,1414. Are. $61096n owe & ▪ hat Mdq. Idh Ma low N 6106 n n.k/w4.1 =ova WM =If rgl.4Yl 1114 $*.3 ar•.. yr R A 4W& .w N.w.4.aw.y.sw.w.•.4 • 'I':11i1k1 \Loan 1.)ocA11dS111Interim Cm :unction 1.oatrs11266 City of Ilunlsvillc\Intcriun Construction I,00tt Agreement.. 20120319 _v5.doc Pagc 51 o1 121 MIMES D12UUN 3DP:8CRXPY2oNof Lot 2 of Vana,Tofuuuu 8vbdlvblea, Hoe favflle,Want Reto2 a 0.195 of an aoiy (1,512 sgosn snit) tract of land touted to the Mount Gay League, Abttrect 24, Walker County, hue end being e11 of Lot 2 of the Va tut-Job [won Subdivision, es reaaded In Voluura 5, Page hi ofihA Pkt Moods-of Walker Coltaty, Tom (P.R.W.C,'F.) (MO 6e14 a pollen .rot cattier ea1Sed 1.17 use tract of lend conveyed to the eft, of llnntavllfe by dced and (corded to Vofume 955, gaga 720 of o1ReU1 Publlo Records of Walker County, Tom (O.P.R.W.C;T.); veld 0.195 of in Roe of land being moo pntkululy described by meter rand bounds as hallows: SW1104INU at a point in the w*Katty I1ne of ther outdo celled 50' Road as recorded In Volrms 65, Page 161 of Dud Raved' of Walker County, Texas (D.R.W,C.), b4L g the soulhaestary eager of Lot 3. of salt Vann3ohneon Subdivision, unto being tiro rwrtheuterly coraarofaeld Lot 2,beinghstheu4 i!y.lkeofiefd 1.17 aoro knot, front whtohifound5i -Inch lranrod witli tap berm South 5719' West, 0,62 feet; TtiEfICR, gogfk 9115'47" East, a d hiatte. of 57.00 feat, along the N'atiHXy Ills of said 90' Road, being the"euisrly line ofaeld Lott and Laid 1.17nem hue to a found 5/e•1nch Iron rod wish rap at the nondteuterty ocular of Lot 1 of led Vartil- Johnson Subdivision, befog tho soulkeasteely °outerof 'aid lot 2; TFU$NCE, So nth 0714'13" Weae, a diataoea of 80,i7 test, along the rlorMhealy Ono of Bald Lot 1, Wog the tanhfA? line of Wild Lot 2 to a found S12 Lath Iron rod trills cep ai Iho northweiterty ionise of old Lot 1, being the northeasterly cantor of that cattalo tract of hand conveyor! 10 Fiorito Randle by deed and recorded tuVoluate 179, Page 541 ofed4 f)aa4 Records, tarns hiring an *tcornor In the westerly goo of old 1.17 Ur. treat' Tis2d(CS, South 8211'13" Weai, a dfiteva of 10.00 fact, along Ore northerly Itne of said Pluto Randle Enrol, beteg the aoulhady lino of said Lot 2, µms bolas rho etched, lino of aald 1,11 tare knottos found 5 /3.IE bog t rod with cap In the estterly lino ofM certelaesIkd0.21 eon fret of land swayed to petty Rohl by deed and worded In Valenta 94, page 11001'11M Deed Records, boom tire rwrihwesterV sari<rr of sold Plorhta"Randle tract nroe bens the toutbwruh nly.cor. tof tad WI 21 TUMOR, North 0215475 Wert, a dbtsere of 55.64 hit, 4101111 the easterly Use of acid 0,21 sere toe, bring the woaterly lbte of old X.oi 2 and sold 1.17 note tract to a found 5/5 dn01 !root rod whit cap at tiro southwesterly corner of odd Lot 3, being 1bo nothwutsrly corner of said Lot 2; TeletiCLf, Nor th67'24'13"3..t, r die lanes nif57.l fest ,thong Ina knolls* lino ofsrldLel 3, bring the northerly One ofaeld Lot 2 tothe Pelh t of 9eglnning end rontaining 0.195 of t n aoro Of land. j ;�l(Ild�IAOn 1) cs\NS1'\lnlcrim Construction IMans\I26(o City of 11m tsvifletinterim Construction Loan Agrecmcn(._2O120319 v5.doc Page. 52 of 121 lforkonlnl Conlin) Is baatd on holding City of Hanuville Monti mains No. 1574 (geld 000n7hiMs of Honk* 10,262,483.31 * Haw. 3,202009.473) end 7)73 (yrld coon/1,40e Nonh ..10,262,526.24 3,e01,780.255). tieuinp daso?rpee4 aresolstcd to the 1ioss CoordOai, Syata a or 1987, Ce,lrsl Zona. Dlaences shown ara US Sunray Peet 411141 Norksontal" voila nrd as y bo converted to "ORI)" "units by raaltlplying by a comb k.. d stole feolor of 0.999a a, Litt of even data aecompontas this detetlptton. Prapetud bye Oboelolullons, LLC 33814 Rudd, Rose Spring, Teente re1.20- 05.9766 Job No. If449.037 'I':ltdldU..oan foes \NSPllntcrim Conslrur Lion 1.oanss\1266 City of Huntsville \Interim (.'onstruction Lnari Agreement„ 2(}1203 1 9..v5.doc l'age 53 of 121 I 1.41 NOM a i[•M to 40' r•.•rfll P t1 pa FirIa 40. rM MOJA 144P:46.44,411,64 0 %IPA •44%1 1 • `M On P210 4J4941, MVO •nuu •.—,,.^. ro•a t•E7 "7Y" [Y N WWI e!n W«a, R4 4xn1,110xk4 u CAW IOW SWt. 1• • 3e' 1 I 4,013 / l VoRNorEsou t 4f dirt V 2ON I 3i vop7�WYa, $ , I4 bR1J!. 1tl1•441 b. 144. hh � aiosx i I /u`uro 5avrr^J'CRIS (� y ZAZZZ )I aR tr.F� J r 1118, `'ItIrJehEEr•.-- ..*—"' arrrerwY4 CEAriiC UC • I ! 4 • 4 1 . 11 . 41 • / �4r 44+.,11.!• We C>• •4, ,'11. 1[N Vr+4 •141M/41M *1 1111.1 41. 1444 ry 464404 4444”•64 W. Palo •ro+[ 41 .rn4,•.mtM14 N �4 19,1 41 MIr'.PP4111 v .4 ti;era+1 F. 1∎]r14 If1Fi1E 1714 4.Ur'.i'Lr114 k1.9"1116 r=at a�: /. 1`-11 wnlr •1,4 •••r.• .1,,w4 e,. area •1 • r.-» <w.•.r4 7. •4411,04 644:+.1 1.111.4 a .6N{ 4141, 144.1r4rr 11.. 2174 (re •wr..lr .4 •wµ • 11,117.(1. 14 r E.n. 4.044.404•731 r4 »11 {14414.14.4. at 4e•46. • 141.14.111.74 * 4.11• )07,701111 86.41644•146.461 414(444, M,+ in.. 1040. .4 143. 4911 1••. tlnr «. tse r. 111 f eu •44y7. _ w iw1)04 aY i44,a 64 gat 1.'.H *t1Y3 4, limp 16416-46 16741 V•en 114.0 r. (4414 v. •.r)rsrar •.MN rr • 4.<..flh I. +a.l6.41 1•6 Hl.1.4• 41+•4 4r t%, 411•44) rban•:1:44. A 144■044 •44..1 014 0*'•0,4 It 144. LOT 2 OF VANN - JOHNSON SUBDIVISYON OF me H,eASANT GRAY LEAGUE, A -2a IN WAU(ER COUNTY, T&XA$ Solutlons,LLC .44.�1�[14 'r�!4 kN•�Stlt 1715 M1. It -i 1Qk� b'J41L']� 7':1l(11hIll.onn ]:)ocs \NShllnteriin Construct ion 1.,oans11266 City of 1I71nls 10'14m/110 Interim (busiructioa 1 man Agrccment,. 20120319..v5.clac Page 54 of 121 MISTRS AND norms viii cRIVTio. f of Lot 3 of Va ne4obwon Subdivision, Re nbvine, Tex u Bslns a 0.196 of on sue (8,59 Kure* feet) Inlet or find located in tho,3'lursttt Gray f argue, Abstract 24, Maher County, lhxu and being all of Lot 3 of the Vann•Johnlon Sabdivldon, as recorded in Volume 5, Pate 81 of rite Plat Records of Walker County, Trios (P.R.W.C.r.) tame being a. soak* of that cedilla calks 1.17 sort Irsot of land conveyed to the City of H4m1.vhle by decd std rsoorded In Volume 955, Page 720 of011kld htbllo Records of Wslkei County, Tenn (O.P.R.W.C.T.); sold 0.196 of an etre of lend being more psglealarty darodbed by mom and bounds es follower 2alfOJNN1stQ at a point in the westerly iha$ of that *moth called 50' Road as ref4rd4d Ira Winne 85, Pogo 161 of Uesd Records of Walker County, Texas (D.R.W,C.), belts dm aathcarkrly corner of Lot 2 of said VtnevIohnson Subdivision, male belts ilia etanheaderly eweer oheld 1.ot 3, and beteg la &beasts& line of geld 1.17 acre tract, Rom which a found 5(4. Inch iron rod with tap bean South 57'23' Wort, 0.42 feet; THINCE, Sordh 61'24'13" West,* distance of 150.16 feat, along the northerly line off old Lot 2, being 1114 southerly tine of sold tat 3 tee fo+nnd 3/1.11 eb Iron rod with asp In Rut 441 lady Ibu of that tends called 0.21 aosr Ara of load convoyed 10 11s1 Randal by deed and '*corded ha Vol,wra 94, page 180 of gala Deed Retool', being thenotihwasteriy earner of raid Lot 2, wine being rbe roulhwarleriyLor 3, and being be &&westerly line of sold 1.17 acre trees; MINCE, North 02'35'470 West,* dlahteca of 57.00 fist, along tiro easterly One of sold 0,21 rcre toil, bolos tin w6skrly the of mold Lai 3 and sold 1,17 acre Inlet to a found Sfldnch Iron rod with s. p al the tauRswederty comer or Lot 4 of geld Venm3ohnsat Subdivision. being the hotlines tarty corner of sold Lot 3; 'tfRNCE, Nee tb 11'74'13" Rest, a d Mime 09150.16 thrt, sign; too sonnheily tige ofsstd 1.ot 4, being rho ionherty line of said fat 3 to a found 5 /440ob bon rod with cep in the westerly (ins of said SO` Road, being the southeast er)y con. er oft aid Lot 4 , sane being dui northeaster tycomer of sold Lot 3, and beteg In the easterly line of told 9.17 sere toot; T11L'NC£, 6.091, 01'35'47" 1'i.iI, a Milano of 67.00 fast, *torts the Werlerly sloe of said 30' Road, being Ili. luterly 19.. .9,141.093 .lid uId 1.17 r.ors b.9 94111* P09ji1 0rJ.4I,1hu5 Awl eon0141 0,1344 sere of 11n4. Itorteontel Control le bond en holding City of Huatsvllta idarvn sal, No. 2374 (yid cannlh,ate of North - 10,264,415.71 de Lest- 3,802,009.473) cry 7575 (arid coordinate of North " 10,767,526,24 ds ot+' 3,801,710.1351 9311(1191 &trotbsdVI tsliUd to th0T4aso Coordlnata System of 1983, Gasohol Z4n4. Dlrteilce4 shown ate US Survey Fist in Hold Horizonte' untie an4 maybe converted to "OW (mho by multiplying by oetablited scale rotor 090.99981. Pitt of even date secanpsufet data dacdy1lo0. 71191r451 bye DeoSolnrieltl, LLC 25814 %Otto Read SPrlag,Toga, Tel. 281.6814766 Sou No. 9-249.017 'I':11d1d\1.000 1.)ocs \NSPlin(Criut (:oiislrueliotl l..o;ans1126(i City of 1luntsvillclln(erint Construction 1.0a11 Agrccnient...20120319 _v5.tloc Page 55 of 121 • IX* ® «Aug *eta + nt r COI "7K uL1.L + htf 100447 $44D 1 .•v 7-.. 7S4(A ▪ Km 0 t7t1A Wilt tl —n— rfVil tue Y[COw�I KWlnt -YR" .Eta(b yhlY,1 Qtr.Gf, t011lff. 1piY 00M.tp1. .,,,,m44,==. 011141. = q 1W.tIA ttua., I4 130,6, ,^li.,.A R11 0.1,4 AMES MO, SO, r IA (4 eeu/ �n f i 11 ' cnr Qe 4 NCI r 0 `1 YOB aRAvar. 710 rAQ.s '!4R X07aao4'3'n7 W pi wt I) 1i VAtriria4e1soN so 411 VOL ',MN i4 i ,.RW,Fr. 1A -13 rti .1 alYap?Qj CteTFIOAIE I.v1), I.01I/y 7t• 6i NMInGe Wtp►*tM w. ,`14.11 f• 1�. =Ps .l rerN 1..- I1R1011 7 .1. 4sw1t11111..1 W uii. h.4..4 •14th" "ryv N[4 a11� 1N.vw IYp 1f�. �r C41p,1 SR t.+N1.q 1 4401, 740110,0 • RP S. 1f17 rrurea• 1. 1P, Row, 1-.4. ..4r41 •1)p4 04 10.11 N 4 th, tamp A`h1 f. lt>.Sa11 q» 'Q 61044 •l Mori 044.1 M+.W11 4n.+h1, 71A 1411 44 41 1WdY111 .4 I1 l4. IOHl.. ill! • NI. 5.501 4,44) W 7441 (p14 •RaN at 1pp • 141/1.1411 1114 1.1E ,144.1113 44•44 I4f.M1M w4 544111 N 144 f„p C•Nte.ni 10441.141* C0/4 14.4 *P'i104n OW 1.40 Y I 447 �1W 4. +Nk3 itlw Mwvi1lal lf4S. . 44110.0 4144tf felts *-14 11101 111 4,1.4.. 4q' ✓0..141 1414.4W$ v+•.n414Y•, 41444 ego*, 1171d1W1.ton1,N 4. A 4.1144144 41 1,1, •4 44..4•1n W 04 LOT 3 Or VANN "JOHNSON SUSDIVIBION OrTHe PLEASANT GRAY I•UAGUN., A424 IN WALKER COUNTY, TEXAS So utlons,LLC] H44 1404 �Y M iM }Yi4 Mr1 114nri ITkL1:• tiriiill� WM 7ar2111In1M1 "1':11(1ld \Loan I:)ncs \NSPllnlerim Construction Lo nls \1266 City of lluntsviIIe\Interim Congimetion Loan Agreernent_ ..2012031 h_.. v5.doc Page 56 of 121 MITES AND ARUNDS I R$Cit1PTLO of Lot 4 of Vaowfobmon 8ubdtvtdolt, l iulttsv111 s, Texas Dodos a 0.196 of an acre (1,359 equals km) tad of laud tatted is Use PFe►toat Cray League, Abstract 24, Welker County, Toros and being ail of Let 4 of Ilse Vine-lohnson Subdtvidou, as tscarded In Volum. 5, Pay► 61 of lbe Phi Records of Walker County, To1us (P.R. W.C.T.) sslue bans • pallor Orden certaintailed 1.17 sots tout of land corweyedlo the Go, of 'festivals by decd and refolded hi Volans* 955, Pass 770 of Oftleld Pobtia Records Wit/ether County, Tome (O.P.R.W.C,T.); mild 0.196 of an act of lend bolas mere padkolrrly described by metes and bounds a talon's: BEGINNINfi al a found Slldmcbs Iron rod tatis cap in the melody lino of Ihst eertala tilled 90' Rail at rteorded In VoTnrne 65. Pig, 161 of Deed Records of W.lice Cauly, Tease (n.R•W.C.), being tiro samba trolly comer of Lot 3 of Bald Vitus •loluteon Subdivision, some baiog the aatthattstly eor,Ier of la id Lot 4. and him 1Ike essta,iy tine of told 1.17 acns tiaos; 7'HfNCI;, Ronal 62`35'47" Zest, a Melanes of 67.00 fed, atone Use vvesledy Oslo of old 30' Road, bang she eashdy dins of utd Lot 4 end sad 1.17 awe tract to s found Sf6.lnctt Iron rod will sap fir the atxdlsatierly toner of Lot 3 of told Veo.Jahsuon Sobdtvtston, bang Ills southeasterly tamer of eatd Lm 4; TWICE, Sonrh 07'24'13" Wool, a dtslauea of 130.16 fell, along the n Who rly line of bald Lot 3, bans the oeultserty Ilse of said Lot 410 0 found Sfibloc t bon rod svhh 019 hs die onstorly lies of foot certain celled 0,21 ors hoot of hold convoyed to Belly Randel by deed and retarded lu Volume 94, Pogo 110 of said Deed Records, bolos lb* r.ortinv shyly comer of tol d Lot 3, too o, being Uw toutlu<otlsry oomerofrdd Lot 4, clad being bt the itateriy line of laid 1.17 ices trout; TTTENCE, Norilt 02'33'47" Witt, n'thbssea of 67,00 fist, along Oe elderly Uue of laid 0.21 acre trael sod itiat <eosin Ca1ltd 0.61 asns Inset of land convoyed to Aber 10311.on by deed and recorded In Voluin0 96, Pats 192 ofsald Deed Ketordt, being tiro svesttrly lies ofseld 1414 pad meld 1.17 acre troa toe. found 5/6dneh ton red with cap at, doe southwesterly comer oftald Lot 3, bag Msnorlhwesterly tomer cried to 4; TiIENCE, Norat &7'34'13'! Eal, a distpimi 01'110.16 feel, stone urea coulhtrly 11110 0(1 aid Lot S, &sing Iles liotthe -Iy line of sold Lot 4.Io thetelat o FBegInudag and eontotntng 0.196 of so sons of land. ileaixoatal Control it based on hooding City of Huntsville Monuments No. 7374 (v14 Coordinate otHodb*. 10,742,483.11 de Putt` 3,102,009.4731 and 7573 (grid ea ordlut► of Mortis • 10,262,526.24 4 Rm. 3,001,710.233). Outings dusribed me ranted to Drs Texu Coordinals System of 1913, Central Zonis. Distances shown ere U8 Sump Nut 3.''Pield ltorixontd" uults MO may be earnest/410 "ORTD• audit by multiplying by's combined scale f mar of0.99916. P 1,1 cloven data *coroner' h s Ibis descrlpllow Prepared bp GtoSolnlions, LLC 25134 O uddeRos Sin lag,Tora 7'11.161.66(.9766 Jab No, 71449.111 'f:lld1dll..otln 1.)ocs\NS1 .lnteriltt C.;onstrltction Loaos11266 City of Iiolttcville \Intcr'snt ( 11w.Iruclion Loan Agreeinciit,_ „20120319__v5.doc 'agc57of121 i(GuiD t ('"'"Y KattO Yb• w d r 0 .11^. le.a. -771- /At se iln+rt raw AIra o r1t No7 J3'.f7' W AICwCT, li�� •neX! o,,.r.0.I. rll+4! gam? rxw,l,r. WA= r utWn • NAM 73 I II Y ` 41 9s.7-90 ikt ti 1 -' 1> w �,i,s _ a 01.115A01.— tiaiwiftet we rRP/1TY MA rem le N:/ 7M! 01'04 I. 0.011 - -C.eaK4 ---- ... 0.11111 ACRES NFU. V aara Ip vac raf, 221'" .J L...- 1010641. - nays but r' ft 1til WV 1 Li VANNIOXIroON W it vOLS W,fl h rxw.cr 1 , m/r+cYOna camachra I r.' .111 le We b;,.4.Mewl 611011 e.!� .� Vot4 r. 1vgw11 A* 0100 0 i11. N1l 41 a"ny�rµly vA 111•."+1111�•11 MN IlrJUy M4 I. �?# swb 11 M, •r„ 1 f,Yel. k..l 1 eaw1.7 Ir, to M<C ,N�M ilrwsll'w W • • AC. oest • f f6>TFO Gs.atau «' r•'en^'N_ 1141 L,4 /ry11 11 % fAl 1. Mew it f. RM M', RR. 11wY4['1!!111•1m4 r. • (...& .01110 IYI 11wMN /rrI tt • to Oa 1,1e Cgetv.o jpit, 11 1•04 14011 do Is. Rer Ww Oa uti l r+iR 1.11 F YH■ 1••••• pn• p/ 66yyµ Iwe11M !1 .0e4 4.44ull.411MY1 •r••w:.4..J. I.rsw rf atNde. Wm" 444 Q1N1.. 4 N toraw4lyr W.,.y Ito M h•1Ntsy.11 IK +I•w nlw »r er 1,o11,4W4 ntmeMRNK' 4 A 4o.k,1r..4 ..ri Nr1 «.•.(. 61. j.l• LOT 4 OF VANN-JOHNSON SUAOIV[SION OF THE. PLEASANT GRAY LEAGUE, A -24 IN WALKER COUNTY, TEXAS Solutlans,LLC /r!ee!AAl1yy1 /eO�/ R.y.Rp '1':Ud1(1 \Loan lloc ANSllUnteruu Construction Loans\ 1266 City ofHHunlsvillelInterim Construction Loan Al rceinent 20120319_ v5.tloe Page, 58 of 121 ISOM 4lr rem it War bor 9 woo wu 10410640 • 4,4 .µv(,1!1 0 111111 14.11 • hi* WM tettrorio **MA ...ti,. Noliti t tl NRCN NxAO NODA1f _. 41 101st blRV44 ..1411!1 r.es1, eet '777 Iron or 194101 11A11C1 x411 Mtc44.H 64x01 !96,11. 11741 scut r +x r ( 1y jvA rvistoAr7 Q +01 41 v L1.ta'.ft �, +41 41 - 160.110 5.1'31.1 foitiM a�ii RRrrf. eur snare ctmr cAre 111111 -' 1* es h. rKLIlN .. IM,,, 111.. SH1 10 5•r helot t1•4Y/ 64111411 Al th(1 116+1 K 4V Iles : 4 r Mt 141 114 1401444 ..k 111tAt1.4 (11011* NIt1 10 04,lltlI1It 161 07.1 Iti r1�1Ye1 4 Mp. ojeet:twr".'*'Ir-"1:1/ NOW A. 1. AY 6.0 .) •41••■ 041.1 Iy 01:0)..1. 144 • 14 64014 1. 1 .4 n fA} pr, (•11417 66.616.1. k 11 ((4C 00,1111 ft 1110 . 8(411(111 1214. 1.101.401. S)) .17f71(.(1 0.411111111141. •0141141.44 (11 1141• 1.147,1'r1110j41.141 M.MM Ir4 rh44 11 W h (4 1.14 fnl h I""4114.6.4.,11, 1 w 6/ 0 *41-1it 1. f «h. v011.11 !1044114 /r • 11011141t1111411v.4611151 146.4 mt 1!114411 1H11.0, sh6.0 1111, IYNZ shwas .1 P. 141.11 y .1. f f... 0&1- 1. A 44144001 t1 4,44 MTh .41r-4.4*1 M •61. LOT 2 OF VANN- JOHNSON SUBDIVISION OF THE PLeASANT GRAY I.EAOUE, A -24 IN WAIKeR COUNTY, TEXAS Solutlons.LLCI 0.0031 SI f M114 -1111 T:11(IId1l.oan E)as1iN}Sl'1Interim Construction I.<1nns11266 City of 1Iontsvillc \Interiin C'onstrue.tion boast A ;rcemeltt 20120319v5.doc Page 70of 121 liorfeontn1 Control 1s Wised en holding City of Huntsville Monuments Ho. 7$14 (grM toodhnte of North. 10,262,483.11 dt Sett 7,602,0119.4711) end 767$ Gild coordinate of North 10,262, S26.24 k Path 3,501,780.153). i3es rings described ere sllsted to the' Tune Coonibiste System of 1953 Cant iI Zeno, Menses surer ere VS Survey Peet In "Meld florizonM.I nnids and m iy be converted to "OIUD re' nits by multiplying by e oanhlerd stela Ih,:dot of 0.94905. Pie doe treow pan lee lei, description. Pripa4a4 bye QeoSolu lions,l,LC 2$614 E uJde Hoed Spring, TOMO rd, 20 f461....4246 dobbin. 11449,012 'l':\Id1ti \L,crait Dons \NSPUnlerint C'onstnivlion ].trnis1126 City of F'lunt villc \(11tcri1ri Construction 1 Milli Agrcerircui_ 2.(1120.319,.. v5.doc Page 69 or 121 • • • hvN w�lroj Il' AIM VA (40 !• mV /oaaltw °WM, ttani,f474♦�tt VAXt0 CfalV,q. �� ►9.O ;1. CR 1r4.V 194 /1+ /oar 17r MS N ,.VIw1 CAttSO 3407 SAID• 1.4p ego /tD6 9.t p 14tH 111 NO4t4'P7• _ar►hr -• • C IJI rwa, TA. N86'6!'41re f4t.,__. • 1 4. r+BLZrt7``� 87 o4'fa•a ,a o.+a(i A6 i!f s it (7x4 $o. 11 S fI.) L."-inC4a1701r •1 A . WV" 7W.a/Dur. w se7' tao Tp' tNaW �t1 • c1 J f'1.'tUi�'TA4 11, 4' „,,9.ta " It R,tY• Ill I Y WI I YOL, i•RG.tl r.lLW.C.T, afitYtiOff8CEATIRICATti I s I•n4.;O R. 4:1* 1114[µl M}V1, nMY ww 1M 449.1 W 1}.17 1H 11 /prll 11, 749 511 Yq 414E NP7 I.x.w+ll 111 M lF,s H P. .-4 pIM/.4.rt 4.1. 1..1 *19 n t 1s .rs1 fe11.4+M..3 &.yr 14V MN 01IY•g%•• 9.!!4, • hl%wi*4 C.•A4i 1 9.1.45. 710100 4. as 4.4 .4. 14'1.n..4 •h•1 (4 1n04 0 • 1114 CommilAwA • 9. 7W1.14 COW 4 0.44*. 14 0.1,0 INtrole. 4wan.1. +► 7414 [ 94•.•41• 1 9•411, • 11n1N*Ol • 9..Na a.•.v.mal j wr MS (W 1099444*.1 a.m. 17auAU11 t 4.4 3001,7•tl». 41,444 A •••/•44 4 a. 4r.. 41•MM 3M . 01141 MH INa 49.1•41 NV. 44 49 M++. 4,4 4.1194 IN.4 W4'— ..7e/ /4•.04,59.911 Um WO. 9.4 ..49.4*, ». .*494.09.•s.IMO.1 091/44. A 14..• 44419 419.. 94.4 NM, 01 •••4 49 .94+4.1994 ./..v.. *4 01 .8 4..1w.•4/'•4..1►4 r...*941.' • 990944 4A 94. 41µ.41y 1, A $••••r* N 1.4. felt ,A..,.44 P. Wt r o. WAN' DOS J$47`F 070* 1144 111; LOT E OF VANN- -QHNSON 9UBOIVISION OF THE PLEASANT GRAY LL'Aeue,.A -24 IN WALKER COUNTY, TEXAS SoIutlons,LLC ,.m. •111:1Ni .ltaO4/1 -41h •i':\idid \Loan Does \NS1'Unlcriln Construction Loans \1266 City of I InntsviIle \Intcriin Construction loan /\greentcnit 2012031(9__ v5.doc Page 63 of 121 Date: EXHIBIT B -I DRAW SCHEDULE{: FOR RECONSTRUCTION AND NEW CONSTRUCTION e DRAW SCll!IDUL1 " ) 1.INl).lER: TEXAS DEPARTMENT OF HOUSING AND C'OMMUNIT'Y AFFAIRS ( ""I'I)1ICA "), a public and official agency of the State of Texas. .BORROWER: CITY OF HUN`ISVILLE, a political subdivision of the State of Texas PROJECT: Acquisition and reconstruction or new construction of six (6) single family dwellings on property located in Huntsville, Walker C. :minty, Texas more specifically described as: 500 2nd Street, Huntsville, Walker County, Texas 77320; 115, 117, 119, 121 and 123 Avenue D, Huntsville, Walker County, Texas 77320 LAN NUMBER: 770999991266 Borrower hereby requests the below itemized .funds from Lender to Borrower to pay for the listed items permissible per draw, all of which are part of the reconstruction or new construction project. at the above referenced Property. Each draw request is hereby limited to pay for only the items listed hereunder. Borrower shall use Draw number :Items eligible for payment per specific draw Dollar amount requested (to be filled in by Borrower) First(1) Draw Acquisition of property (closing costs paid at closing; )redevelopment cost reimbursement; initial builder soft costs Sccond(2),I)raw 1Third(3) D '' raw Site )reparation; underground utilities to property; slab; 1:ratning; rough carpentry; exterior walls sheathed; roof; rough )Itunbing; electrical;11VAC Doors; windows; drywall installed; taped; float and finish; exterior siding; Stone; and brick 1k-urth(4)1.)raw Fi1111(5)1)raw Paint interior and exterior; interior triiu, cabinets; countertops; plumbing; electrical; and 11VAC Trim; 1:IVAC equipment installed; house cleaniiig; appliances; landscaping Final Draw Driveway; parking; project close -out; retainage; release retainage after successful inspection and occupancy permits issued T:11i11d11_oail l)oesINSPIInterim Conslruclion 1 .oans\1206 City of IIu lSvi11e11tltcrnn Construclion loan Agreement ?.0120319__v5.doe Page (,'l of 121 ■eva 1•. JiY 1. lloy "' w ••1••••1 04 .0.4 . 4 • .5511 • • V* i 110••111 P M *V•m +w s+g%WOW 11.-.. w m. 0 .1141% . g b l 5*I5.. wi .5 • • •••••• N ••■ Nee •••••••• Mee 545. LOT i OP VANN JONNSON sUaDAttslaN 4r Thee P11TA3 ANT . GRAYCEAatfR, A -24 . TN WALKan COUNTY, TeXAs SOlutlo ns,LLC "F:11dl(i \Loan 1)oci \NSP\Inlcrhu Construction Loans11266 City of l luntsville lutcrim Construction loan Agreement 20120319 v5.doc Page 67 of 121 151BTPA AHA O011Np3 A7rn4RYPTION of Lot 2 of Van a•ohtuoa fivbd Ivh too, flaativl 11e, Taal X1olog a 0.195 of an tore (4,512 swim fen) tout of hod tocslcd ba the Pkluot (hay Lesguo, About 24, Welker County, Texu and befog eat of Lot 2 01'010 VanwJohtuon Subdlyhlon, as tcnotdtd iq Yokota 3, Page 11 ago Plitt R400rda of Wilkie County, Texeo (P.R.W.C.t) tame Wing a realm ofth1 milk called 2, 17 SO* tract offaadoomeyadIo this Clyof Mowing by deed utd recorded In Volans 951, Page 720 of OfI1ek1 Pad Reloads of Walker °buoy, Text" (O.P.11.W.C.T45 mid 0.195 of to aim of hod balms tame partku lady described by mots, and boundssefolloua_ - BROIttNfNO u a point In the tveteedty flee of that 0utala oalkd 50' Road as recorded to Vo1wn g3, Page 161 of Decd RRtords of Wtaket County, '!`are (DRW.C.), axing the sootheso trfy corner of Lot 1of raid Vaantohnron SubdIvlsloi, unto WAS the n0Rhwuterly tooter oftaW Lett, being litho ead,er[ylaao arm Id 1.12 sore tint. from midell *found SN•incb Gott rod Mk tali beau Souls 37°73' Wet, 0A2 feet; T11BNCR, 8oalk 01'35'41" Rail, a dtainoco of 570D f .s, along rho westerly ]foe of uld 30' Rae, balms the ,Maly Itne of told Lot 2 and uld 1.17 two tract lot, found 3f0'lneh Iron rod with cap at tha no0Oxutoly moo of fan I of aakd Yarn- )ahrs»n Subdlvlilon, bring 0e aool}esituly ooirer of sold Lot 2; T7U2NcE, south 0714'15" Wul, a diato aN of e0,s7 fnl, 11051 the nortlucly Roo (Auld Lot I, barn; the southerly 11ne of said Lol 2 to a !Lund 5 /8.inc1 Iron tod wl h up at the northwaslarly comer of laid Lot 1, bolnj the awtheosterly omit of that outdo true of land oone.ayed to Moreno handle by deed and retarded In Volume 179, Page $41 of said Deed Record,, mu Laing an 41 Omer In the wartotly lfo$ of uld 0,17 ails hoot T1it1(C11, South 01031'13" Welt, s drain,, 41 70.00 fief, oleos the northuly tine of lied l'lorfno Randle lraol, befog the southerly IV* of Mid Lot 2, tuna bolos the w armyy tine of ask "1.17 aura trier to a found 5/1-inch Irao rod wft11 up be 0te o 'tarty Iane of +bat attain esikd 0.21 soretreot of rand totroyed to Rely Nadel bydesd and recorded In Volome94. pogo 110 ofsald Deed Record', befog the'eorthweitorty comer of sold Fluke- Rsadts tract, same being the teuihwratelly career oriole! Lot 2; 111ENCtt, Narita 11143'47" MO,* Callao of 5544 foot, along the sa+terb+ he of said 0.21 aors cut, knee/ fl s weatedy Raid tali La( and told 1.17 item tau to • found 311•Indlt boa rod whit up at lha southnwtecpremu of aid Lo13, befog Iba northwsrtuly Bomar died Lot 2; THERM', North 11114.13" trot, s dltartee of 150.16hat, atoas the soudurly fins of 'aid lilt 3, being its nortltedy lino of saki I ot2 to 1ha rain+ of tleglaaisg a nd eontcanbrg 0.195 of an dere of land, '1':11d1(111..oan 1)ocs1NST'Untcrifu Construe( ion 1.oanrs11266 City of 1 Itu ilsvi01C1111tcriin Construction Loan Agreemcnt,.20120319_ v5.tloc Page, Gk of 121 FXIIIBIT A (1 of 15 pages) • TRACT 1: BITING 0.185 of an acre of land, more or less, situated in the P, GRAY LEAGUE, A -24, Walker County, Texas and being all of LOT ONE (1), VANN- JOHNSON SUBDIVISION, a subdivision in City of Huntsville, according to the map or plat thereof recorded in Volume 5, Pagc 8i of the Plat Records, Walker County, Text's, and being more particularly described by mutes and bounds on Exhibit "A' attached. hereto and made a part hereof. TRACT 2: RL R,G 0.195 of an acre of land, more or less, situated hi the P. GRAY LEAGUE. A -24, Walker County, Toxas and being all of LOT TWO (2)+ VANN.JOILNSON SUBDIVISION, a subdivision in City of Huntsville, according to the reap or pint thereof recorded In Volume 5, Page 81 of the Plat Records, Walker County. Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made a put hereof. TRACT 3: BEING 0.196 of an acre of land, morn orless, situated In the P. GRAY LEAGUE, A -24, Walker County, Texos and being all of LOT THREE (3), VANN., JOHNSON SUBDIVISION, a subdivision in City of Huntsville, according to the map or plat thereof recorded in Volume 5, Page 81. of the Piet Records, Walker County, Texas, and being more particularly described by metes and bounda on Exhibit "A" attached hereto and made a part hereof. TRACT 4: BEING 0.196 of en acre of land, more or less, situated in the P.GRAY LEAGUE, A -24, Walker County, Texas and being all of' LOT POUR (4), VANN - JOHNSON SUID1VISION,.a subdivision in City of liunlsvittd, according to the map or plat thereof recorded In Volume 5, Page 81 of the Plat Records, Walker County, 'Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made a part hereof. • TRACT 5: BEING 0.196 of an acre of land, more or less, eituated In the P. GRAY LEAGUE, A -24, Walker County, Texas and being all of LOT FIVE; (5), VANN - JOHNSON SUBDIVISION, a subdivision In City of Huntsville, according to the map or plat thereof recorded in Volume 5, Page 81 of tho Piot Records, Walker County, Texas, and being more particularly described by meta and bounds on Exhibit "A" attached hereto and made a pert hereof. TRACT 6: BEING 0.164 of an acre of land, more or less, situated in the P, GRAY LEAGUE, A -24, Walker County, Tcxas and being all of LOT SIX (6),-VANN- JOHHNSON SUBDIVISION, a subdivision In City of Huntsville, according to tits map or plat thereof recorded in Volume 5, Page 81 of the Plat Records, Walker County, Texas, and being more particularly described by metes and bounds on Exhibit "A" altachad hereto and made a pan hereof. NOTE: The Company is prohibited from Insuring the aree or quantity of land described herein. Any statement In the above legal description of the area or quantity of land is not a representation that such area or qunntlty is correct, but is made only for inforrnationat and/or identification purposes and does not override Min 2 of Schedule.B hereof. T:Udid \Lone Uocs1NSP11ntcrim Construction I.onn+U266 City of 1luntsvilk llitterinr Construction Loan Agrccrncnl_,.20120319 .v5.dac Page 65 u f 121 MTT2S MID BOUNDS DP4Clt2Tfgtf at Lot 1 of Vnnu.Solnuon Sabdtvislon,IrenrevWi1 , Tom Bolns a 0.i$1 of on eau (1,012 aq »arc foot) hid of Ind hosted In Iha Pirdurt Ufay Leagtra. Akstnel24, WalkerCouny, Terns and bolos all orlot 1 of the Virutdohnsott Svtdlvlsku, at recorded In Volum* 5, Page 81 of du Plot Records or Well or CAN nty, 'Rotas (P,R.W.C.T) *lino befog a pottkn of Out cansid coiled 1.17 duo hest of land conveyed to Meetly of Huntsville by dead and tecord +d to Yotuuto 91S, Pop 720 of Sha ()Metal PnblIo Records of Welker County, 7ext((O,P,R.W.C;f)c add 0.111 of an awe of lend bolus mom pulleulariy duoiibtd by triton and bounds se 61l41Y11 A1f0eNNif40 aS a found Math Iron rod With cep at du soulhmiierty oornw of Ail condo calltd 50' Road u recorded In Volume 61, Paso 161 of Deed Records of Worker County, Taxos (O.R.W.C.) balms In Ilia nettherly line of !hot ordain ootl.d9.04 a ere hart of land conveyed fa Its City of Flnntavllie by deed Ind recorded under Volume 110, Pose 99 orurd Dead Records, at nee b*Sng iht northedy lh. of Stood Street (50' Road 84temaot) of mord under Volume 70, Page 393 Druid Ned Record; and Whig theaouttottsrycomerofgild Lot 1ladseld1.17 less anon; Tait NCR, Santh 60'31'13" Woet, a dlstatst* Of *0.10 tree; along 5tit meet/1y 11n* of sold Lo( I andB ald1. 17 tore Iaet, behwstit: northerly lino of odd 6.06 sore 1racl and oldal atdStreetto a found S/t nols Iron rat wlih cap at the sotttixaeterly comer er Out urttln Wit of fond convoyed to Notice handle by deed lad eaoorded 14 VWTume 179, Rage $41 of said Mod - Ro orris, beinglhadoulhnwledy tonuroftold Lot 1 and utd 1.17 ecta tnc1 TfrE14CS,14orth 02'95'47" West, s distant o of 10900 toil, glens the common line of *std Ptorine Randle tract and raid Lot 1 and 1.17 so=re tool to A (stood ll5,tneb iron 4od *shit cop lo the sanlhrily Ilse of Lot i otsold Venn,fotmion Snbdlvlslorn balns the oonittulorly comer of told Plorhte Rondo tract, some Wins eh, narthtrerlerip cOntor of wild Lel 1, and baits an el toner in the westerly On. of told 1.17 *era reel; - TfiBNC1:, North 171493" Rut, A dlttaac* of 80.17 hot, 'Inns tln5toutberly Ilns of sold Lot 2, bolas the nodlmrly Tine oraald Lot 1 to *found 1/1 -look Iron rod with up In the wot(u1y lion' of said ID' Road, bolus flu solntlttatlaly COMM of *old 1.ot7, unto being.dle nor haetery corn e ors 1141,0111 610 aKlns In** r utarly Ili* Of told 1.17 Inv twit T11a:NCii. Rota* O2'3$'47" Ensl, a drsttivet of 101.56 AO, along tho wastarly lino of told 50' Road, being tin tufoay 114 a of sold Lot 1 and raid 1.17 acre tract to Olt Point of Dtg!natrs And Containing 0.115otosecraorlond. - lforltontal Control It baud on holding City Of Motoring Monvtatste N. 7374 (pM coordloeto of North a 10,202,405.31 & NaF- 3,002,009.473) and 7075 (grid soocdloote of Nonh - 10,767,526.24 & Ent- 3,601,710,235). Buthrsa dasalbed rte *fated to alto Tex* Coordbrale Syileni of 1913, Consist lona. Diatom coo shown lie U6 Svrvty Put ie "Pill. HetI .obinP' nil's and maybe converted ea "ORi14" Ind te by muttlplyingby a cwnbbud scale Aloof of0,99986. Plato Fenn duo Recompnnles dole daerlpilon.. Prepntvd byt O*o$o1111lnir, 6,t.0 26614Dnddi2toad Spr10 /,Toast ' T.1,2014614746 1':11tIk1\l.oan llocs \NSP11111crirn (:;onslruclinn 1.oans\12(6 City of lltintsviltelInterittn Construction Loan Agfecnteni_ 20120319,,,_vS.doc Page 66 or 121 MtTTE5 AND BOUNDS DESCRIPTION of tot 5 of Ysmo-Jolriuon Subolrbloo, l:TuatsrJ 1o, Texas Bang a 0.196 of on acre (8,559 ovens feol) trap of laird loealtd in rho Pleasant Oray Lope, Abstregt 24, Walser County, Texa and bang MI of Lot 5 cribs Vann- Johnson Subdivision, as recorded In Volume 5, Page 8l of the Plat Roots' s of Walker Colony, Twos (P.R.W.C,T.) tams luring s portion of 011 cdnatn cared 1.11 sue taut of end conveyed to the City of Htmbrill* by dud end recorded W Voiana 955, No 720 of 011lotel Pubtto Records of Wnikcr County, Taus (O,P.R.W.C.T.); said 0.196 of an sere of land being more 9attkutrrty dereiibed by moist and bounds no follow 1►BGINNINO et a found 3 /14n sis bon rod with cop to the nvlterty lbys of that attain calttd 50' (load as•rewrded In Votemo 85, P. 161 of Deed Records of Welker- Corny, Texas (D.R.W.C.), boing de ewnhe0tt1rly corner of Lot 4 of sold VambJdrools Subdivision, sImo boing the soWhtatterty cane r ofsald LOt 5, and being In The easterly Ibis of said 1.17 use WO THENCE, soulh 81'4'13 "Wart; a lltutauta 0E150.16 feet, alatgtha northerly Iles or {s Id Lot 4, bohtg thhe southerly Hue of said Let 5 to o found 3184aoh Iran rod wilt op In the easterly line of chat attain ailed 0,62 acre tract of land eonyeyad to Abe Johnson by dead and recorded In Volum, 96, Pip 192 of told ticoJ Records, being the n0rlbsvistarlywnter of saki Lot 4, rants bola; the sarIbwoskrly corner of said Lot 5, and befog In ins %utterly Ibta of aid 1.17 ors tract; THENCE, Nods 01`35'47" Weal, in Mono *151.00 felt, along the assledy lino of ssld 042 acre ltsct, being the'weaterly lhao of lad 1.o15 end eat/ 1.17 tors tract to a found 5114 et Iran rod with cap at Ott s0ul,nverully cornet of Lot 6 of uld Vena•otauon Subdivision, being the nonhsvesteriy cow of said Lot Si TRPNCE, North 87'34'13" liu1, a 611 taus of 150.16 feet, along tba soathesly Eno of said Lot 6, bring the %unhc4y lino of old Lot 5 to a found S/J -)nets Iron rod wiith.oap In the waele,ty Ilno *fold 50' Road, being Tire $ondwukrlycoma of aid Laid, sarna balug tits nonhtsrterty tomer of sstd Lot 5, and brIng In do sasierly line of told 1.17 tore lad; THENCE, Soalla 01'31'47' HaU, a 0111 ante of 57.00 hat, along the wdlterty lino of soId 50' Rood, being Ott 11111471100 or sold Lot 3 and old 1.17 *co but to the YoIn1 of/kenning and eon It,ning 0,196 *fan 0010 of land. Hollow Coullol is bated oa holding City or Hsakavitls MOnuinents No. 7574 (odd Nordin a Of North.. 1 0,262,415.31 & Same 3,802,009A73) and 7373 (gd4 coordinate of Noah «10,267,326.24 & Satt- 3,801,710.255). Drodn ;t dsKribed ire misted to the Tutu Coordinate 5711110 or 1983. Cancel Sono. Distances shown an US Survey Pea in "Weld lfodtontsl" uniu and may bo conrertcd to "OR1Jy' units by muhiplyin; by a cgltbinrd ruts foolorof 0- 99900, Plat of ern n dote suermpon ks 1111* description. Nomad bye CoSohnloar,r.LC 2381411nridsRead 8prin ;, Tessa Tel, 281.681.4766 Job No. 114454121 T:11d1t(U..oan Does \NS1s11ntcrit7t Construction l..oans11266 City of 1 htntsvillcllntcr'tm Construction Loan Agrccnwnt 20120319_, v5.doc Page 59 of 121 LEGLNO fi •"•!!•� q•Xt OO.1tpr, A�bi1i fLM4 � fTr IJdt t+.u.ulr tRk+tl Nina Attt•di O.rA.r,Fr• •14444 fir, MO rA.•et. W Tr. 7Z MMAu plti®il j� Bµ144 l•.. ia• c-lc,k,NNro.O o1 �-.1 .. fOCaRRY f: w- •."'v'�. Uri R . t Lulr� 114 wierp .R L par- •• -4 1 V $1.W.S4afaW 1 i nt cae • — ; r- i.xfk.+i— etntot3 N I3 voutran tumors* cenmeAT r.4.a. r.IWY 41474 t tot t% M,t \A l•!.1 4,fl4 GA,.[i,% .1.r. to l.i Mr.{ I.... Hurl) .1 r. IR Cwtra tYn% " Lrd h7lb•r tw n $I.1ah 1. tfw,,N.l Na. 4U1 ilfY7t:! 1. P4' •e.., .a •1 «4111 w16.I Vs. ar 1A .4 . n4 tr»xn..t. 41,11,1 n ..' �1gl4441'4•; 4*4. 1. 3 IS /t at tot. ..001 .61 A/O . Mw, 44' N', 1{.,!.:11.. i erto•,�.4 3L1y+{4 4.0,4 (ono ( o 4Mwii t. » n tr' 44 tow,' 11.1 n my 44..444' 1Wt4 6.411./ N ta.,.tli�u 1.1 solo by ^•ttteeoo by • •r•OF.e M 11444 41 O.Y>1A. Y M OV Nti 111. y1 t�M Iwo... 111'11.114 4,4iwI ! M Pa ¥,*44.t r••W.iNI IWa f. 1 itu4l41 K N+• 4,. •NWA.h. 1.1 fN. lh0. velit u LOT x OF VANN•)OHNSON SUBDIVISION OF THe PLeASANT GRAY IEAGUe, A -24 Itlt WALii4R COUNTY, TeXAS Solut(ons,LLC yt� • s Mn.t{h }il• ,RI�.M P!•Ii4•f11r `l':1ldklll.oait i)ocs \NSI'lliitcrim Construction Loalisll 266 City c)Ftlwusvitic \linerim Construction Loan Agree mcdlt 20120319 _v5.doc Page 60o(121 MDTE 8 AND BOUNDS OIVICR/TTION of Lai 6 of VsneJohn40n 8ubdlublo,ile outgo, Taws • Delos a 0.164 aloe aye (7,126 tiptoe feel) trot of land located in the Pluaanl Way tome, Abutted 24, Wager County, Tow► and bolos oil of lot 6 of do Vomdohtuon Subdivision, es tocordai In Volume 5, Pose 81 of tint Plat Records of Wdktr Comity, Tons (P.R.W.C.T.) same being 4 portion of dot omen ogled 1.17 aura teneIof lad eontryed to the Cfy of Huntsville by deed and rounded In Volume 955, Pop 720 efO9'Iolel Pub to Word; of Walker County,' Teza (O.P.R.W.C.T.X sad 0.164 of ee acs* of Iuid !slag more putiwfady ducribed by matos and bounds es follows: • DROWNING o a found 5/11-laeb Iron rod with cap f o the westerly Rise of Ihst certain called 30' Road u recoiled la Volum* 83, hp 111 of the Dud itseocds of Woik.c County, Tozer (17.R.W,C.), being to nortbaatatly cornet of Lot 5 of oold Vaut•JoMion SubdIvlslon,' MR, Wing the southsaekrly comer *fold Lot 6, and being in the cottony Roe of sald'1, l7 sofa Iraq; i7ENCe, Routh 37924'13" Wei t, a distant. of 180.16 foot Gongiho t+olthoriy 11no of a old Lot 3, beta; da touMus'y pile of said tot 6 to a found S/&Inoh It*a rod aids cop in lino u ikrly.I In s of that certain called 0.62 lore tract of toad conveyed 10 Abe Joknma by deed and molded In Values 96, Pate 192 of sett Deed Records, being the norhwsoterly norms of uld I.ot 5, some Wing Go southwesterly onto ofoold tot Clod being Intowwterly line ofodd 1,17aactool; TiitNCRt, North 03•55'47" tat, a dlrtraee of 33.10 fist, along lino ouleriy lino of sold 082 are Irtot, being the westerly Ene of add tot 6 and sold 1.17 ace toot 10 a food S/ddnoh Iron rod with cap Al the sontburoiterlyeom4 argot certeln called 0.032 ion hoot of lutd ocavoytd t0 Cal Jobnson by dead and recorded In Volume .937, Page 120 of ;old OMclol Publb Records, being itte rtcvdswanrly comer of std Lot 6,Y m4 bolos en b11.d61 Comer In tit. w*ituly tin. of said 1.17 aorettwll T8ENCE, Nortb 87914'13" Rost, a disisoo of 60.92 fool, *ions the towholy lilt. of said ' 0.032 acre trot, bolos the westerly line of old Lot 6 and sold 1,11 our* frost to a fbwnd S /8•tnob lion sod with lop e1 ilia southas»cdy Coiror of sold 0.022 aces trace, bible on interior ocelot 11 the westerly line of sold L el 6 and sold 1.17 sons too; • TIIp14C .Rorth04°14'21„ Wont,* d WON* of23 .65 Do, 'ions 'Aeeetistly Moot odd 0.072 acre troll, being the troaterly line of sold Lod 6 and said 1,17 eve troll 10 a found 3/8•Ineh iron rod with cap 014 oothnalorly eonut of said 0.032 on too, boles the rontha Doty coma of . that mole oiled 3.000 ag.11. hod of ]and conveyed to Cat Johnson by deed and r.00tdsd le Volume 215, Pigs 412 of *all Deed Repoli, ems bole% t9..o.thwataly caner of Ike {elute - caRed 0156 'OM Mkt or tend conveyed to 1ha City of 11un1evUb by deeds end resordo4 la Volvrt» 514, Pag.299 sod Volume 314, Pogo 303 ofold Offlolal PO% Mods, also being u nonhwutoriy comer otseld toot 6 and aid 1.17 too trac4 . • TiUBNCE, Math 86 °51'49" Yost, a Mt loos of 89.93 feet, stung tho;augustly Sao of sold ' 0356 acre toot, Wag the nonbarly lino of aid toot 6 *nil sold 1,17 mg trod to is found 568.1109 Iron rod with up at the noribwaaterly corny of sold 30' Road, being Its nenheastarly corner of askd1,06 and said 1.17 ore trot 'rflltNCli, South 01935'47" Nett, a &GMee. of 57.19 foot, atone the woolorly line of sold 30' . Road, belo8 We easterly Roe of old 1.o4 6 sad said 1.17 sum hod to the Polot of Wendel and cantointng 0.164 ofon acre of laud, '1' : \Idld \Loan I)ocs1NS1'1{nteriin Construction J.oans\12fG City of IIunisvilfc\Interit,o Construction Loan Agrcc rucut.._2()120319.._v5.doc Pogo (11 of 121 Not temrtill Coo Co) 11 bessd on holdlna City of Huvtsvtfle Moewnenn No. 7374 (grid soofdinele of North w 10,162,485.41 da Slit* 3,801,009.473)4e '7375 (1116 cam /lode of North .10, 267, 526.24& Enst..3,86t,7solss),6t,rtbt t4 r} bedero nladedtotheTexesCooidivate System of 1983, Central Zone. Dist! occs Awn sre US Satvey Peet bs "Pfe+.d Horizonte!". nits and nuy he convened to "131U° unlu by soul Iiplylny by it combined Rate new o r0,94988, Net of too dste aecornot ides thlsdeseriptlon. Preperetl by! Geoledu Ifoor,1.1,C 19814 Budd' 11eM} Spylvg, Term Teb 1111,6349766 Job rip. 11.249.017 1 ; \IdId \1.UAtt Dots \NSP\1 illy ri si ruction Loan s \1266 City of Bunt xvillelltttcrint Construction i,oan A greement._20120319_v5.doe Page 62 of 121 AIM?) AND ;WINOS ot$CRLflLON of Lot 3 st Vsna•]ebuton ltuhdWJ.loo, flsnN.vItle, reset Rettig a 0.196 of an acre (8,559 einem felt) tract of land located In Ihe_Pletssr8 Cray Winter Abstract 24, Wslitsr County, Urns and being 011 of Lot 3 of the Vsnn.Jnhuron $ubdivtdon,14 recorded t0 Volume 5, Page ►l of the Plat Rarotds of Walker Comely, Texas (P.R.W.C.T.) suns being a portion of that eu48f called 1.17 Nora Iraot aloud Naveyed to the City of Ntmisvitl s by deed sod raxrded In Volume 955, Pap 720 ofOfflotat Pubilo Reoords of Walker-Canny, Twee (O,P.R.W.C,T.k seed 0.196 or an acre of land boring mon penlsudsrjy dslprlbed by melts gird bounds ss follows riza curio 41 4 point lu tie weuerly 1Ena of ihel cattalo willed 50' Rood ns warded hi Voltam/ 85, Pap 161 of Dead Records of We }kar County, Tabors (D.R.W.C), Whig the nod/Auk/1y a*mf of tat 2 of add Veon.Jolu,wn 511bd19100y 14pia be14 the s0urhsestsrty comer oho Id tat 1, nod be Inlet the cetleriy lIcs of sand 1.17 sore 1r:04. from whloh a found SM. lack Iron rod Avid' cap ham Sahth 57'23' Wen, 0A2 teen, T1f0NCie, Soul 81'24'13" West, a d4sGnes of 130.16 fast, :long the iwi 1ls ly Ilne of1.16 1.01 7, befog tha tooth4dy Ilan of old 1.013 to 0 found 54.I8tak Iron rod whit cap in 111s easterly lino of ant certain called 0,21 soar frig of land conveyed la May Vandal by deed and recorded in Volumes 94, page 180 of sold peed Rccardr, being the noothwentady comer of inlet Lot 2, 44110 being tha so Ibwesterly Lot 3, nod being In the whsterty lint ofseid 1.17 aria trial; ' Truercg, North 03133'470 We,11 4 61,41, es 4r81ro0 Far, along the eutorty Ibis of told 0.21 seta tract, being the westerly lino of toad Lot 3 41Id said 1.17 awe tact to a found 5j$.Inek Iran rod with gip al to southwesterly comer of tat 4 of odd Van n.lotrnson Subdlvltlon, being the hording.' telly coma of told Lot 3; Tti6NC1:, North 87'34'13" 441,0 die tart. of 13036 110,0;01414 southerly line ofs.ld Lot 4, balag the northerly line of mild tat 3 to 4 !bond 519.1noIa lion rod rellh cap In the waslatly Iii, of s.ld 50' Road, being the sou theta Fatly conurof t n16 Lot 4, same being tiro northeasterly canto orneld Lot 1, and being in the easterly lb »of said 1.17 acre boot; • TUZNCs, Smith 8P36'47" East,'a dlsluuc. of 57.00 fast 'long Iite Iva lefty One of sold SO' Rood, being th0 saslerly Ilue of u}td Lola gild 4.16 1.17 nore beet to the Poltit of 73eginubng and eoalsinin$ 0.196 ofan aete of land. Itortwntal Control l0 based at holding City of lfunli'ille Monument, No. 7574 (grid coohlinele of North - 10,262,483.31 dt Best= 3,601,009.473) and 7575 (grid coordinate of Nonni 10,267,526.24 de Rita= 3,804,780.253). Dee rhip damdb ed are Wand to 1110 Tau Caofdln4te Syskn. of 1911, Central Zone. DInenees shown ate US Survey Feat In "Fktd Lroritoror audit led may be toaystted to "0910" unlit by multiplying by s'eostbkted scale factorof0.99938. Piet .11yan dens accompanies this deurlpilon. Fseparai bye t3ca8olntlous,L11.0 25814 Studds Road $pNny,Tsxea Tel, 361.685.9166 Job 440.14.249.037 '1':11d1d11,tmn 1.)ocs1NS1'llitt. rini Construction 1..oans\1216 City of!(untsviltellnterittt Gonsh'uction loan Agreement._ 20120319__v5.doc Page 71 of 121 • LCCCNO ft o iota. arar.•.at. 1174•.l ✓ii.[ lAte4 >bK% -.11— mu •7n__ .toot a A1awv 111.4 0,1 Mt MAW/ 1.IIA vw�, Mt p/p1 K+A7f1flA1. %A MA al� Mwre. WAS as'4 1 tat= ,,1y1y1 11l 3 Y 'ti - L 4 ej 10 xt. 4 ' ,v1i t1 _ WT5 OiQ0 ACRES v� (A7J0 SO. fT 'pr 4r f.#' tG $► M r!r ar avNrs'vauv iy 9 w� MVO. vn prwr. r. L._, -.. -. " 4411 R<ltlf rlo.1/11.. ill" i;e� f . r '' it 4 xa R1 ;I • €I Sr to .7 '24'�J W fi'v tar2 VAWKOHNSON suornstco 1,040.01 P.TlW.C7: auhllYC ) CEfin•LGLTE t.•r17 er•y 1•h•AI .. NT (M WI NI NI'.T N H N L . Y4rna vt 4•.•lt1.d M A.1111 Ill IIII 1441 111 y••1 spW. 1i13 i a• /Vim 44 44 / 01 1�•.4 N 'riot . P.1 4 4 r47..•q,y .r Ir t .y }1 yyvN(r1 lfr.rrMN.114"%"•'. Nlab • CN.prt 1, tv. TlW 1 va T!. I. Nr. H1! Nolte. • L h'. r..w7 . i ►.tF.•wr *PA.( 141 ••.•. •• • 14. C4ari:eN• 1. 4anNI/ c4444 V 11•20 4n 4.+01,01 11 I1•411 V••••11 MA 7174 OSA ••••0A•11•4 • I &44 .4IAR 11NI• 1&91&[4•71 11 UT/ Off pr+r444 0114.44 • 11101.441. t4.y44.4411.. S&11.70114 4.4.4.14 4 •4&W ...11141 II A• •4.• •.Mr rll i4.IYY11rV WN14•••ke vI 41&•••• i14 W4..4•• 4. �' 4- W:.•7 ••1()114144.4.4441 Mr. f•4r•1 *11N& (NA.. I.W. lor. •4•0. •• R•.ta M ••••••••• i.: i n..4.4.1 44441V4 w wa u temy ..441.4. 4. A #w414. .4 •..1 bi' «14N1441n r41,a1. . '1 t1 rafts/5' w LOT 3 of VANN - JOHNSON SUODIVJS1.ON OF 11•10 PLSASANT GRAY LOAGU8a A•Z4 • IN WALKER COUNTY, 1TeXAS Solutions,LLC 1 /TMR W.•iri X47714 F1.IIi •(11.11)1 x115' &'7wI111RI 'I':11L11(111 ..oan 1)ocs \NSI'1lnleflnt C:onslmction 1.oans112(i6 City of iluntsvillcllntcr•im Construction l,nan Agreea1ent.. 20120319.._v5.doc 1'agc• 72 of 121 • bit T6 8 AND ROUNDS DFSC1tIPTIOH of Lot 4 of Va lt4ohaon S ubtllrblon, Huu4rllle, Twos Being a 0.196 of en ne o (8,559 scone fee) tract of lend located in the P(eesant Orgy Longue, Abetted 24, Walker County, Tow and behng all of Lot 4 of tiro Virit•Jotosson Subdlviefon, AS 'storied In Volume 5, Page 81 ofthe Ptd Record* of Walker County, Texas (P,R.W,C.T.) seine berng a pertlon oreh er consln' aped 1.17 sore !net of land c0aveyed to llt.Cf0' of Ifunlsvl le by deed and molded In Volumes 933, Page 710 of OfTkld Publio Records of Walker County, Texas (0.P.R.W.C.-1',); gold 0.196 of an nee of fond bolo, mom* parllurletly described by metes and bonnets as f�llonti: DJ CINN1NC at* found 5/840 Iron tad with eat, In the waded), fins of Itut certeln called SO' Road as recorded In Volume 83, Pate 141 of Deed Records of Welker County, Taxes (D,R.W.C.), bales the toutheasterly comet of Lot 5 cf said Veatdohnwn SubdlvisIOn, puns being due nalfuastsriyr corn esofuld Lot std being to the eagerly tine ofeetd 1.17 cent rimy T116NCE, South 8235'47" Past, a 61,11 0te of 37.00 feel, along tho woody Otte of slid 50' Rood. being ay eattedy Ifni of told tot 4.oad said 1.17 asp snot to a found $I8 -11rah Iron rod with sap for the noriluaslerfy corner of Lot 3 of said Vaen4ohnson Subdivision, being the soothes' tidy comet of told lot 4; TISE1ICE, Routh 87'24'13" Weft, a distance of 550.16 &sh *rang the northerly 11ae of aldlat 3, being the totnhuly Ilea of odd Lot 4 ter a found 93•Ineh hen rod with asp In Oa easterly I1te of that cwfaln celled 0.71 ocre ham et teed eonv*yad 10 Belly Remits by died and t'000rded 7n Volume 94, Page 180 of ssld Deed Records, being the northwsster(y comer or sAki Lot 3, sun* being the oovit wenferiy comer of slid Lot 4, end being In ilia westerly line of rald 1.17 *custom TIORICC, Heals 01'35'47" West. a dlrtanea or 37.90 feet, along the elderly Ike of geld 0.21 goo lrau ad slat conchs called 0,61 um beet of land conveyed to Able Joinuan by deed and recorded hi Volume 96, Page 191 *Zooid fl ie4 Retards, being Iha westerly One of sold Lot 4 and said 1.17 sere fr *rl Ora found 3/8daob bon rod with cop settee eua%hwesterly comer of iled Lot 5, Whig the aoAbtr ft terly mater ctuTd Lot 4; TIltf4C&, Forth 87'24' l3 'ltut, a dbionee of 520.16 feet, *long Hue ; *pithy Iba of aatd Lot 5, Wing the northerly IW eof Hid Lei 4le tits Polo tofthem dog end conlatnhig8.196orseesere of tend. ' Hodson' at Cooked le bored oa holding City of ifvituvitla Menu m ate Ho. 7374 (1114 soordinats of 14outk -10,761,41531 & 13111•.3,102.009A73) and 7375 (1rid coordhtate of North n. 10,162,576.24 & Bsd- 3,801,380,233), Dardege described aro tented to ib o Teyst Coerdh,ote System of 1985, Central Zap. Dhtoneas shown tea U8 Sandy Foot In "NM lInfltould" oath end maybe convettedto "00.11)' milts by multiplying by ■ cornbhxdscale 6otor *10.99963. Piet Of even data oocomprntes this derttleifa*, Ptepored bye Cea3obbtlava, t.LC 25064 lipid. Rood Ob"tnr, Texts T4.211.6319766 lab 21o, 11- 249917 I'aiilldli,oan I)ties1NSPlintefltlt Consiitic1 on 1,oans11260 City of ilunlsVil1c11utcfim (`onslructiun Loan Agreement 2(}120319 v5.doc Page 73 01.121 Beau" • SMl ..4.0 0 viu r VMS -.r... ots u+ •••N�' ItNt RRV.1•S. (K R1f1 to 0c.1 WW1 `]ji" /pX ,.v71.E1 OlTlp':rSy 0./151. ""t'•T. Mr= 1.46112 CAUf1 1. se ACMJ Ass ps0S MOWS,/ P.? SOS N. OS /se NCS2 Jb'47" 14 47.00• al 3 rGl for s � WRAP � .. _'_'Nar-+7S.i --¢,c a CAf010 Atr ACAS diTf7' 1.&010 VD(, s4 NCI HS, Aria 4! $4.1 n.srCr. 11 o IT w 440.1.0 1' 01 14 IF }i It } I _ A100 AGO I. (O5 $Q. Fr.) el $40 ArrRrs { .... L_- .._.�.... illtL'TSIQ ryq.S�e' Mps 11 R. .._.1.0111 � - 11.1.144' 11YTS T al Ct .F.W.Cr. eUf:%YO16 C16 T19GIT0 f Wok, ..0.74. M (I1f.l l*Mtr.4a 1611 Rfr r•nry.R4 N *1 L4 Vx"C 1.•I 1 I.4 M M . 14 1611 pal V. SOT: ti, j4 eVlwrnir UR ,11• I..w , UI Ml . Y. R1 1.1. 4 14414 i•I„iwrl ���*r�r6.16e�1a 1! VN 1.4 tri in.414 1 r N:.rvf 1i. i 4:i11 � sl..f ALL Ph. WI taJ„eo- . •n.s7U1KE f 461 1�*Y•f..(RM W 11.41 61 ♦ Tql C 1. I•p..(Y (worst 1. •••4 M 1404 CIS N IYNSURI P .m.% Yl 1111 414 411641.11 of.MIM. 1•10.44#11 • two. .M*F*S -aA .,,f /SO (W I*••■■• Ms.•% • 10,i0.1162• R I NI. 1114.141.1111. ,* * . 44144 N R4 NM.4 .4 N. T..0 Ref, No l��..11 II IH.► Ce.1.N f.+1 pYI YA.r V44• *• lif / ✓w 1.4114. '4*44 61..1.1*` .6614 1.4 hry 14 11Mr1N If 111@ *As 11 JQ144l y• *44116444441. 104, 110YAS1. a • �inrrlH 44w1. 441IA N .44w11Y 44(1 *N y LL• l...HI1.SS✓1446IM*M1 ♦ A p11ERfs Sr ran Or MlaviiN L44 KN. a is LOT 4 OP VANN- 70HNSON SUiTOIV1SIQN OF THE PLI0ASANT GRAY LEAGUE, A -24 IN WALKCIt COUNTY, TEXAS Soiutions,LL, WTI /0004% •14111 100.411`f11a 'I':Iidld \Loam 1)ocs1NSP1intcrim Construction 1..oans11266 C.'ily of iluntsviltc \Interim Construction Loaf} Agreement 20120319__v5.doc Page 74 of 121 61112TE8 AND BOUNDS 1111SCRIPTION of 1415 of VuniJoJi igpa Snbd IvIslop, HnntsvIlte, Ta3u Defog a 0.106 of on sore (8.559 square feet) tact of lend bested In rho Pleeunt Cray Lilian., ' Abskapl 29, Welker County, Taxes snd being all of Lot 5 of the Vann- lolmeon Subdlvlelon. at recorded in Volume 5, rec. 81 of the PIst Records of Welker Comity, Texas (P.R.W.O.T.) ems befogs portion of Otte tinge oelkd 1.17 pate treat of tend Wnvoyed to the City of I1entsville by decd and recorded In Vokouts 955, Pere 720 of ODlaki Publle Records of Walker Colony, 'haps (O.P.R.W.O.T.); told 0.196 of no sea of lied being moo Putieuletly de:crated by motet end bounds a. follow': DPCBINONG at found 511 -1tctt iron rod w iii 4110 In the westerly tine of Met oeriein gelled 30' Road as • rteorded In Valente 15, Pegs 161 of Dead Records of 1V.Iker Colwty, Texas (O.R.W.C.), being the rrorthtateoriy comer of 1,o1 4 of said Vsnitdobnsolt Strltdlviiion, sane* Wag the soul footway corner of said Lot 5, snd befog in tits eoalaiy ibis ofsatd 1.17 acre tract; THENCE, S0n11, 01'24'13° West, fo distance of 150,16 fret, gong the northerly Ono of said Lot 4, being the ;cellist tint• of gild Lot 3 to s Potted 5/5•beeb ken rod with asp In lhs tweedy Doe of that tiepin caged 0.62 ewe Wet of lend cottvoyed to Abe 101 eiap by deed and recorded b, Volern.96, Pop 192 of sad Deed Records, being the norlhlwoNrty corner of ofd lot 4, send 50150 the southwesterly eonerof said Lot 5, end Wing 61 t11.1wsterly One of seld 1.19 ewe been T13ENCE, Meth 02'3S'47' Wog, n dttsatA of 57.00 rem slang the easterly Ilne of told 0.62 eore Out, being Itte'wuteily Ibs. of geld Lot 5 end geld 1.17 peke treat to found S /6-laoh taxi rod with oil at 11t sal,thwastetly corner of 1416 of Old Vehn-lahnton SubdIvtslon, beteg the uotihwesterlycoenerof geld Lot S; T11ENC6, North 9744'13" 8n1, a d ist /wee of 130.16 feet, Along On gout harry hoe of tad Lot d, baf161he northerly Moot add l.:9 5 to 0 found Spdnah iron sod with.cto In the westerly line ofadd 50' Raed,bdagtha toullteeterlyeonurof told Lo! 6, mete betegthe nolheasteriycomor ofesta loci 5, end beteg In the eagerly doe dolt 1.17 Kra tract; T10ENCB, 8eatle 021$'47" tact, a itfetence *657,00 fat, den 11to wetterly thee of geld 50' Rosa, being the 4ttlerly line of 'old Lot 3 and geld 1,17 ternt treat to the Rolot of Beginning end contebrhq 0.195 of in sore of tsuf, 1foNeerlei Counsel fa bated on holding City of I1,mtseillo fdortulnente No. 7374 (grid toowelingto of North .4 0,162,40531 de Rest« 3,602.009.473]) and 7575 (grid toordhuta of North 010,267,526.24 R Bet. 3,101,760.255). Bearing* describedOrientated 1o8wTena, Coordbrito Symmnof 1951. Central Bone. Motown shown era US Survey Peat k "Field RolzonUT' veil, end may be converted to "OA1D" anus by multiplying by a combined Elite Rotor of 0.999S e. Piet of even date e0tampenies Ode dela/lotion. ?papered bys Ceo4o1nffons,Ll.0 25874 Budd. Road 8prinX, Taus Td.1S1- *81.9766 .fob lie. 11-1404/17 Idk1\Loiin 1)ocs \NS)' \hltcrinl Con traction l.oans\6266 City a1111ntsvillc \Itttcrietl Construction Loan Agreemen1...20120319.....vS.d0c Page 75 of 121 (490/0 • ltoitrigingsrvi- • 0.0r WO) R 0134 Nr Kntol 11.44 eV PPM nit -11- rl4xt 737 ' coat a 343.0..3 '11 gk3.fe(,r rot r3 ,"c ` ny okra . o.9.•,t,r. winlrvnalip.3.Lln 6ww.Y.Ft. $44t1q** (i*333337. slaw rw.1{Ar, re r3 a... G nu. .0 /If0 'r AAA .E ly WT6 It .1 T1 1 wo volt IOW p .l ter.. ----- , l r_____ ... - KfSe • Logo 41 0.196 APRCiC I� E F� (6.536 57. Fri It Ii a 014141:::::,k l4 1137 a f� 1;S rob r r. _ J 1 ............,.» ,,0 . .... s7.a� .w r"arxrfrn�'I.OTL •1 VAT4N$ON•10 4 tl ? I', vca vAS I at714wrdrit CC.RT33 ATB I33M1••41Y i. A. E W (0.3430.•11+.. /3H 1 x1 3 V uw /HI 4g Li wd IA x313 X311 Ni •1r>» awK:y 3.,110.1 31. p.nl N {V 3'4- 1 M 3.'" T� 13333 1.0.• 3.4 4,44.33'13/3• RI.9r)!L0 33173TswO 134m 3.. OYw.u0 k.. 4311 • KOTE9 1. T4. 33.4. .`4. 9313.1/ 893131 L. 'I331 -{ 34 • IK. L 14'40334 0 I.3 4 MN N 334. Ny 33 343■.34 09 $301 11.11 43►K1. 411839 w 13.333.343.11 9 fat• 1 (07.0[9.0)) r. / 1$71404 14.031. N 34.3. - 14413431(3 *V53. 39/313/ 313341. *3303 31 04343 4 N /.c. •••F•• 2 1 144. (..V/ Um. rey.M3 a..• V. VI Aa,1 310 41 YN4 K4.yw•• 3431/.4 #, br, 1a.mlrl 'Ca 131.•.3 by ...viol N 9 3.+4.733 k,. 10. 1r 03)114 3. 973.1 Wipe 13341 .\Kw 3304 a. taro 0, ..3.1.:414• 9'33 4 r..1 ru+.M'13 14.1.1 W 00:301 Kam /'1 3•.• 333344333 .r.w3l4{•M 3. 3 4nv'3W 11 W.. 411 .{1,3/ 3w. O.Y .1:4. , Lae ti 181° VANN- JOHNSON SUIOIVISION OF THE PLEASANT GRAY LEAGUE,. A-24 IN WALKER COUNTY, TEXAS "� 9f/ ew Solutlon5,LLC ff l -- 'T'AWIttll_oa11 Does\■S1'11ntcrim Construction I,oans \1266 City of llunfsrillcllntcriltt Construction 1.1011 Agreement 20120319.35.doc Page 76 of 121 woo • Lnir rm[a) nta ar >•.... ?GM 1••s 1N TOM an —1111-' taut OAru. tlisr AIM Wain -777" loci Of alder a7 AiYC,. . hY t"0 CA[ /WC JJu. /a nl HA, No. -prof; Mn774'19'd yr rAM n/CAP CALtef o.frr Ass cl1 A• 77Lr v��a7ikv nM7/iyR N88'07'49'L e7 1raRtiVe I.cr Mil— 11 • t� LOT6 0.fdi ACHE! 1� (7.718 sa FT-) tw . ;niris7or . . tom- I ,, O it vormowaiori Vol 11 V" ItI DWL ON 1 VOL A,rom 8117ALtT07/9 CERMICAT 1�� 1,IY6y 1 ll OT/.IIV•ara•1 lbl OM *M.. �•.H a a�1 ro'1 1 a•f111t4 0 4prl II. VI S.l Iw r.�Ya.rrltl' /rH� »wl• Ol I.111 rwN H P. i Yt V•l L.L 7.1".41 .N. 414,,� ,��/ wt{ �g ik.lrri ailbl..�'-urrtr° tawn'7t a •rails 17Vwt :l Swf 'f0/ Y a14 /71l ways + � q ••• wr •a.N .�!.%M.1 l.. ar.a11 11 • M. xa H ti.4 Ai.Y4.• «t. l %MA • 1SASSA44.., •.•4 w•••••n elleQt•7 N TO/3 1W 4•l.1•1 •1 Mitt • IASISAMS• �C1,1�wrert. t0000ASSI, l4•Avoo A.wi.r V 10lr y ql I.w rMlt1. YItl N A lan iM 01 MA 1, (• .W N 1.W. " 'r •a!N1Y1 1al ••.r:1.M r.1t..0A1110. 4..1 hag, 1.811. 1111 I4rp1 /./ I•NI N A.l...44A4 e.•.M •• 9. .4404 •tNlq W lM I.•N• ••••••11444 A A 11061.1.• el •..+011 .01,0W *0 771 Wt 1000 I. 0 Al • 11 19 f 7P r�iiut0. $OR ",1.4'47'6 07.09' • LOT 6 OP VANN- JOHNSON SUBDIVISION OP THE PLEASANT GRAY LL•AOue,. A-24 IN WALKER COUNTY, TEKAs Solution s,l..LC yy.s7M.111 4114 f 10 III.I1r/ 'I :lldldll,oan 1)ocs\NSPUnteriln construction 1.,oansll266 City or Iluntsvillcllnteriln Construction Loan Agreement 2O120319,_v5.doc Page 96 of 121 1fotFxoetal Cpnir01 Is band cn Bolding City of Huntav111e Monotnenm No. 7514 (gild coordinate of North • 10 ,262,4115.2t 4 SW.. 3,802,009.73) 41d 759$ (i1d cowdintte of North 10,262,520,24 dg 3, 101, 2iOa fi), aearingxdesoribedare Meted toili Texas Coo'tdinate Swim of 1901, Ccnlrel Zone. Ohlenett tbotvo aro US Satvey Pelt in "field blorigon0d1 unlit end may be converted to "ORM" unlit by inuttlylyln8 by n combined nide rector of 0.9798/1, Phi of 64111 date accompanies 0d t Ow:Option. Prepared byt GeoSolutror y L1 C 258I4 Sofas Rena Sprig', Teats Tet, 201. 681.9966 Job (o.11 ]44439 �6T$PHiH N. CIN�IS;:CtRK y S' 87 'f:lldldll.oan faocslt`SP\Interitn Construction Loans\1266 C:ily of Ilunlsvillcllntcritii Collstrucliort Loan Agrccmcnl.__ 20120319_ v5.duc Page 95 of 121 METES AND BOUNDS DESCRIPTION of Lot 6of Vane.fohnaon Solid kitting, fiuoudat, Text/ • Bolos 1 0.164 of an acre (7,126 event *Pt) tract of hood 1outod bs the Plo.seat Goy Leapt, Abstract 24, Wiiku County, Texu and being all of Lot 6 of Oro Vinndohns n Subdivision, so waded In Vo)uate5, Pogo 81 of the ).')at Retorda of Walker Coo, Tau (P.R.W,C.T) isms being o pains of that ctitaj 14111141. 17 'CO tractor Dud named to Oho Ci ofRTuntsvl4eby deed and recorded In Velum* 955, Pogo 720 of0Blo1al PubUo Records of Walker County. Tevu sai4 0.164 of ..n *en of lard bolls mane particularly described by mesa and bound*** foitowa• DROINN)1Ib at a faagrd 5/1.-Inch ken rod with cop In the woody Una of that cutlet tailed 50' Road u w,e recorded le Vol 85, Pole 161 of the need Rondo of %When County, Tesu (D,R„ WC), batng the nodiuwfarly saner of Lot 5 of tall Varotdohneun SutdIvtslon,'nn boils Ota south/ode/1y corner of Bald Lei 6, and being in lb./ easterly Una otssld 1.171eramot; TSXEHCr, Soot 087'24'13" '`Patty a d41 lam a of 180.16 het, sins*. notrhorty lingoes old Lot 5, b.1ng the southe4 11na of told Lot 6 to a fovod 5 /8•140 iron rod cri0, cop in the easterly Ilse • of deal omen abed 0,62 soro hut of land convoyed to Abe Johnson by died and 'tended is VPhuno 96, Pogo 192 creole' Heed Runde, being the northwesterly corner of add Lot 5, rams bob* the toullrond,dycolter Of UM Lo* 6, sad bring in th►µwteet) Rne of told 1,17 ogre root; TfTZNC£, Nora 01`95'47" %wit, a dhtaces of 15,10 fart, *loss the *nutty line *fold 0.41 acts troy being the woltely 11ne of MA Lm 6 snd *ofd 1.17 core Irene to a Aland S /84nah Itch rod with cap 041 the soutbwan er)ycometofth<t certain ailed 0,0)2 act. trait of land couvsyed to Cd Johnson by deed and recorded In Volt am 977, Peg. 110 of told Offciol Publlo Reoordt, 51,14 104 nardsventetly comer oloatd 1At 6, bolo' in Wain comer in Ora swiIsr(y lfn. of said 1.17uto bug THENCE, North 87'24'13" )tut, a dBnace of 60.92 foot, along the southerly lino of said 0.072 acre 11.04, bdog the westerly lint of said Lot 6 and s std 1,17 tore ran to 4 Salad Sig -)rah Iron rod with cop at Ibs 4oathsaskdy corner of sold 0,072 one Uaat, being on interior earner in the westerly tbao 04 041.416 6 end aid 1.17 torn Gast; • TefWNCX, North 04•44'21." Wat,e dineaa of23,65 fart, tlong,b. moody Ilse of 11111 0,032 ..cos tract, being ilea teens ly glue of sold Lot 6 and told 1.17 bore trsol 10 a found 314.01,0 Iron rod w10, cap at the northusterly cOrnoo of so 11.431 an* tract, being the toutheetterly porno of that Wain coiled 5,000 14. R. tract of land convtyod to Cal Johnson by decd and woad In Volt ne 215, Page 412 of said Deed Roads, sumo being the aoolhwrotedy tosnsr of that coda in ailed 0.736 acre t•6 of lone conveyed to the City of Hu410,1l1 -by deeds *ad recorded In Volume 584, Page 299 std Volume 384, Pogo 305 of ssid 0141.14* Pab110 Recordo, oho being at nosthwwterly cornet o f sold Lai 6 *adald 1.17 awe trod; . • T11ENCE, North 86 931'49" 0.it, a Conan of 89.93 feet t *long Ow southerly Ion of aid 0,756 WOW', being the. nortba)y line of uid Lot 6 Ind u(4* 1,17 ins Indio a round 318•lach boys rod with up at 0» mmibw*otrrly come of told 50' Road, being fie nonfinite/1y Darner of sold Lot 6 and add 1.17 acre tract TJJRNCs, 6path 01'35'43' loot, a ammo 116 5139 foal, *tong the wco*0iy *1ne of told 30' Road, befog Rre *Wetly ilea of aid Lot 6 sod talc] 1.17 tore end to Olt Mot of 7ieglhOng and cotostnln50.164of an lore of Ind. T :I(Ik111,oan ).)ocs\NSINInteriui Construction L(rtins11266 City of I iuntSVittc \Literirn Construction Loan Agreement_ 2012031 9_.._vS.doc Page 94 of 121 • L(OCNO • . 0.1*trt -. r. -. w:ciu34* Al wrCl IVA. 11- (1,341 Oexr.L cowry. 0.u, `Ill" 401414 Ww/r g1/CUCr�i�1p RISOM °lR.k,G.. KRxu 05...k. Tow A0 VV. RUM= " i !WA 1'- 30' am0.013 ACRE r w"'' -....a ,.;,,,,,�L I v�'. ,kvn 1 I 1 —..1 -r - L vi. X4 v0 e1 t 1 LOrl0 a .1 A 1 rla!ALI. 171.CIQiD -1 1 I, r- -.......,._ .Lars . I� It} at�Oa.lca AGI1$ L� IE al CAWet I'A I: t1 £1 crr/ al uvbt: i% h ros rAC► fIJ L..,._..- -1111« R »7C1R1'kxr ^ ^ --"7 1 3..A! /e're. aRA ref. SO '24'1J IN 1tj0.1.9: - -- .! E'- 3344x33.71-' Loy, FI v811v11D1v1 = 17 41 vGL6,I0.44 ,j pR.w.cr. 1 LAm'mvna CCfTIROAN0 f Iv.►r ext./ 1. 1.4. COI 0114c1 \A 143 (41 141 441 3.144 1!. •3411 W Iv'rlllO hraiIL 011 uf1 M� *.•ly InM *1..734.4.5 VA !4411 *340* 14.11 (1 4.I../ 41 10.1 N'C (1111.4Wtr 1* A 043, {!.W((1 5 u• 3111. s4.rn, • t,444,01 1 •VI°Y+ i I. y} Y0. I0441la. lu 11t}1M 11. t/w,JStl r►,4R K'. $I3 N01ts 1• *4 WI 44( ..1 74.143(010 *OM bl.104.1t 0. 4 Ilk Cr.,40 Ml. 3. '4.ubW MIN IN 10.44 ., 1,41:4 01y 0 0.0(44 Y•RM, YA 1l» ILM tt*0.n10 M 4164* w ll!{I.4011 • Ca11r artyxn.4» w »» (y4 naf lI .1007. . 1011MAN.14 lb 1931. 3443.1141501 RwF1* ll.x►44 1...wW I� .: M41,.. t.w '41'*3441j ws'w3, 344 °: fie. er mi.iuu► 'Pr► ..k a, xJi4441y• 4.+3.44 M kill. 1I 011110 N Cii 44.14.i1 M /MFi W 1 11041/ V /.0.4.1 11 P 1.+4144, 1..M4.w11144 4. a .+. V i.4n M - M, 4414.3,,4* *.4 � � Lor S OP VANN- 7QHNSON SUBDIVISION or THO PI.C'ASANr GRAY LP-AGUE, A..4 IN WAL.KRRCOUN'tY, 'rexAS Solutions,LLC II IwV f� «f R T:11dMd1Laan 1)acs1NS1'1Iirterim Construction Loans11264 City of 1luutsvillc11ntcrim C'onstiuction Loan Agreemcut,. 201 20319_ _v5.doe Page 93 of 121 • M T1C8 AND BOUNAB »E$CRIPTION of Lot 5 of Vum,?ol IL/On S11biIVI,SMt, HunIw1lk, Teresa Bsfng a 0.196 of an acne (8,5S9 agvera feel) tract afland located in the Pleased! Orgy Letitia, Abstragt 24, Walker County, Teas and befog all of Lot S ofihe Vamr- Johnron B■bdWislon, as recorded ha Volume S, Page 81 of the Pia t !Woods of Walker County,' Taxes (P.R.W.C.T.) s owe bolds a portion of that ordain calks 1.17 sera treat of lend Conveyed to the City of Hantevills by deed end at corded in Volume 953, Pogo 720 ofO1110lsl Piddle Mouth of Walker County, Tense (0.P.R,W.C.T.); told 0.196 of an acre of lend befog more ptnlaeduly deaf tied by Notes and ho undo es Agora: B1rC1NNtNG at a fazed 3/8 -Inch Iron rah with cep in the waster& Una of dial cartels celled 30' Rood as • sceorded In Voisin° 85; Pp 161 of Aaad Records of Walker. County, To ras (D.R.W.C.), Wag t1. lortheonerly corner of La 4 of geld Venn-Johnson Subdivieion, same being We soJlht4etartyedrnar ofsal4 Lot 5. end being le lhs utterly line olsald 1.17 acre tract; TUENCetr South 87424'13" Neat; a dtstan ce Qf 130,16 feet, along the northatly liasof told Lot 4, betas the sottltttrly the ofaid LOS to a found 5444 hen rod with a rp In the eagerly UM of that cuteln aired 062 sere tract of hod Coavayed to Abe Johnson by deed std recorded In When, 96, hp 192 of maid Deed Records, s, being the notttavuxdy confer of told Led 4, stole twill the sonlhwattedy comet of /told Lot 3, end being in the rye duly tine of add 1.17 core tan on TIMOR, Nods 02°35'47" West,* Mimes of 37.04 fett, along do ea deity line of sold 0.62 ON tract, being Ite'westerly line of slid Lot S and odd 1.11 acre troth to a rolntd 311•Ineh Iran rod with cap at the aeudtwtntt(y earner oriel. 6 of Old Vene•lofmson Subdivision, being the northwesterly torettof rnfd Lot $ T112r4 i ,North 87.24'13 "Easf,adin hot es01 150. 16h el,dung the Oath orly line ofuedLot 6, being Ua norlherty lino otse d Lot 5 to * found 5/0-inch ken rod wlth.eap in Iba westerly line of said 50' Road, hang the soutbeasttely center of said Lot 6, one bolts tits pot thee eta r(yeornsr of .std Lot 3,.nd being In the easterly Ilea of Wild 1.17 aaro lrae4; T1l 0(C8, !faith 02'33'47" gait, a tits la us of 57,00 feet, *lens the westerly rho* of satd 30' Road, bells ON tanody Roe of avid Ler 3 and geld 1.12 sue boot to therein! orDagInulntand con hiding 0.196 eras sereoflood. Ho,I.oufiu Colitis] le based on holding City of Huntsville Monanlents No, 7574 (grid toordlaata of Noah N..10,262,465.31 de Out.. 7,801,009.473) and 7375 Cold coordinate of /teeth 10,262, 526.24 dt Bute 3,801,780,2SS). Keying, described an rioted to the Tacos Coordinate Syliem of 1983, Corral Zone. Uktentes shown are U8 Survey Pat In "Pietd lforloontel' welts end may be converted to "GRID" units by rnolttplying by a combined state feolorof 0.99918, Piet of even date accompanier alts description, Pooparaa bye CeoBdaeont, l LC 258/4 Unable Road Spring, T.su Tel. 28148 4766 Sob No.11- 149.931 1:\kltdlLoan T)ocs\i`1SP\I11tmiim Conslrltction I,oat1s11266 City Qt TTltntsvillC\lnieritn C(,flltr'(ICt'DSI Loan Agrcenlcnt ..20120319__v5.doe Put,(: 92 of 121 LCGCUO •• 11y,1 cam w, rpq, L•44 troll rout vAawt reufp 0,01 Angel .1pf werevrr YOR it P.Ml 111 p,tr,Gr. NO.2:73'47' W, 07.00' reai7r 4 t o \ rob r, stet I,9 ■PAri /. ,1/3 atcecr. r�n(u� rywC.n�a0{ 0SYC1. f.3AA1r.. 1: 4 r.Vkla orrr.o1. vac, rlira -r, Wren; won* -t 4F 011 aI pito 7A7S ti t {p its om. cXUto.wc.s y'}e Yk Nd7.24T1J E Irwawn,r -1 r � Yea l$ Q PM ACROS Pj (4630SQ.ft) • j1 3333. 1. r +CNS 14 cur of i�rA7tricu I1 roc MOW' - _._.J 1... - - - lei t= ►cc ICrl" _ ,. A3.3 i9R. VAt>ZNOWSPN r,tlw.rY• 31. rlBYOa's Cf5i1Nc.u4 11361, w1Kt NI. OVA 1.6513.13. W M.n H r. CV 4.3.31 W 1.331.11/ M l 13. 10.1 3311 Hi Rn1. <rllgy.y.lf all ia1 1.1[1 1•W .1/ . IW •fJ W. 3.Y Y. +e.1rJ C 3 oef.,t1.1 ilV7 •aw 43 341 . ` /33 31 t3'lyVt�. E« �61a. 1 trl„ *P..1 w. 131, - ISO 11 3wm, w.. 11.+•••4 (3..* W 1M11 31 3 13, 1. Nr'..13111 WV. 1.1.0 r. *Wok N. 0113.31344 Ib•Wo.Y N1. 1111 4.1. 43.13.3.3 .1 •l• • Ne7L01.1113 41.1. 1.301034113) 11113 33.131.1. J Nyn • IO.I/LSL.14 4.11. ;131.113.1/11 *1.YA N.vi1 ..11x4* 4 111 4134* Co. IkatI 1 n 1113* CV1,i UN.. 3314331 Ww r Of ah+wl4.40 4 w�4lfr r: 3 r.M.liulalw i even& 3. 13.43.1 43. 1441, ••■••• ••• V111.44 M M1.■w,.w,. q 1y3 e4* M •311313133,.4 •113.•.4 133 11(4•.11 313.387 .1 •,1•33, lfl •34.13113' a A 414111µ al von 4.1, •...,.y soy H7. 3.14. a td (73* 3 /3' IA*1 AP i1'iI•RY74Y_ +_. -. - C t µ13••N 7� l ov.l :.itn tQ c "•111/i" LOT 4 OF VANN- 3ONNSON SUbOIVISION OF VHS PLEASANT GRAY LeAt3uo, A -24 IN WALKeR COUNly, TLIXAS Solutlons,LLC 1f... 311• AM • 71 14.4* 3 .GI 1•/it -1311 T:Withlman i)oes\NS111l11terim Construction 1.oans11266 City or liunlsville\Iaterinl Construction 1.01171 Agrcclncn t.._20120319....v5.do c 11agc 91 of 121 MSTES Mm SOUNDS DESCRIPTION of Lot 4ofVatnt tbbotonSobdirta foa,RultlavlilyTexea Debts a 0.196 of en acre (1,559 squat Art) 1tae1 Of itid looted In the Pleasant (tray League, Abslrapt 24, Walker Conn% Texas end beteg all of Lot 4 of the Vsnndohnson S 4 dIvbton, es Monied in Voktnte 5, Paso 81 of lb* Plet Rtoords of WBka Coti I. Taxes (P.R.W,C.T.) ume tains a poreton of Met certain celled 1.17 ow* Meet ortan(' conveyed 10 the City of Ifmltant* by decd and wound in Valente 955, Page 720 of Of$otel P0b}io Records Of Wilber County, Taxes (O.P.R.W.C.T.); mild 0.196 of an erm of lond being more podknIsrly dettslbed by notes and bOond as khan.: DEGi1YNt tf1 M a found 5/1•1xAt imn red oath 4 p bt the westerly slab of Out cerleln celled SO' R914 ae rtootded bt Volente 15, Pare 01 of Decd hold* of Welker Comity, Texas (O.R.W.C.), betas rho touthee grotty comer of Lot 5 of geld Vetemlohntsn Snbdlvbbn, same bring the nottiteestat' comer°tatid Lot 4, end bolas in the astetty tine *fiord 1.17 sere LOCI; THENCE, South 82'35'47" Eest, a 41S1,tte of 57.90 fret,. glans the twafetty title of raid SO' Road, behtg 11:e rsstsdy lino Of geld Lot 4 Sod acrd 1.17 acre trtel to s tomtit 5 /1.Ineis Ion sod with asp lbr the ntrtllcatlerly corner of Lot 3 of -mild Venn-Johnson hid 'anion, tarns the southeasterly count of ea16 Got 4; THENCE, Routh 07424'13" We9t, a dllente of 156.I6 fcrt, along tit* northerly line of laid Lot 3, bang this samhetly Tina of u14 Lot 4 to R found 5J0 -In.1I Lon rod with sop in the easterly lino of Gtat ebrteln called 0.21 acre tract of IoM convoyed to Dotty Randal by deed and rc9or4ed'hs Volume 94, NO 110 of old peed Records, bolos the notthtreutrly comer of geld Lot 3, urns betas tilt southwesterly count *field Lot 4, and bobs in dg westerly flub dead 1,17 aaelreot Ti12NCD, North 02'35'47" Writ, r dielatea 01 41.00 fee, along Ms a uterly Site Of sold 0.21 cots lest sod the retina called 0.42 acre keel of held conveyed to Abe JOhtaon by deed and mottled In Vokwae'96, Page 192 of sold Deed Records, being tho westerly 1ltre of s atd Lot 4 and geld 1.17 ecre tract too Oland S /64ricia 4ot1 rod with up at tke wethwe ;leery cancer of sold Lot 5, bens the rrodhwetteily corer of it'd Lot 4i THRNCE, North 07'24'53'' Snot, a du loges of 150.16 feel, atorrg the motherly lbte ofeaI4 Lot Sof , btend. eiges thetiodber(y ling of old Lot 4 to the Points/ BesInutog end eenetnbrg 0.196 of an sets B *,iurntel Coulret to bend on holding City of Huntsville Monuments No. 7374 (grid coon/Inge of Noah. 10,262,48531 & PAW. 3,602,009A73) end 7575 (grid coosdhtate of North 10,262,53634 & Soso. 1,601,719.235). Brerinse deteisbed Me Welled t4 19 Texas Coordtnals System of 1903, Central Doris. Distances shown ere 1.8 Survey hot in "71e141iorizonni" urns ntd may be convened to 'OlIID" unite by nvlttptying by a canbhxd !rale ttctorof 0.99961. 91e10f rrvett deb naompen lee thb des /Option, Prepared bye (`i ro301t11Iene, LLC 35814 DrntdeRoad Sluing, Tune Tel. 191481 9766 Job No, 11449.027 '1':Ue1kI11..oatt I)ocs \WSP\lutcrirn Construction 1..oans11266 ('ity of I lunlsvillclinteriln Construction Loan Agrecmcnt. 20120319__v 5.doc Page 90 or 121 MEND 14.44 V41.4 0 u.'fnt« (!M wa w.e .-r.,. .ow .t u -I /--• Isesy • nr- .1401 4 I,V1.6.1 10zi i 4.'11 I it �� �; yT1f'� 101 r ICL '2 -'44.. •'I r_. �••. L� LOTS I 0.7P! AAgi�9;� 1g (A$59 1•0. folds >� C/ NS /•I1,1 f & 14 aft o>• AvNJfUtu� "4 lR . Y4 f 7 jib rwa/4xf. 9ViA73 W t awe f%. + rut waver 0 6064 1•413 414.4.1. W. 44= 6,40, ua 0464p1 , =. Mx n s0 10 7GH4 1' + 7d Iv4iwt a1CI9O wttivisott €1 YP.W 51 Strwrofrb C C1AIb ! 1M 4x#'14 411.1 Oy .t kr1PY. 611 V>f w.yv� PN .. 141474 1 getr .w Y•Y r 14 iC11 .I 141 M� 4rmt>r p.n4[n.f pe t.fia ![.nl i�D4 li.e ✓ F4MYW WW 4.[144(11• t'4'R I* 1 !./••Y k��'R M4 7151 • p:r.+r■ 4*+ort I11 Y•<d 0 4 n:. /44.01,601. 1. 6..416411416,4 >, 400 r 4.0666 A:r 4r K-VM. 4..:..1r.1. P. 71fe (.16 0..66 411411 • 16IIL14.31 i Iw1. ffJr.401,.13) W 1414 <W ■■Rv• .4 W.{. • I604714 II 4 14I�..4, 1411i'":h1 4. 4,Iv, *14.04 Lww,�i i1 a1, 41.14 6•44:16.a66. 1 -% N 14.4114 N • 140.644 11 '4.01474+0 *41 .4414. 444. 1•11141! 0.1114*4, 7. 14,6•4 I6.1I4 1114. #M+ 66.66 w. 1.41 m vsor, 4.4 4. 4R.G1I 4. 14 a.eryMll Ar1W t.. 41411.11 4.0167 14 r rr•..4•tdk 4 * 466411. .1 •r.• 61. •tt•.401.• 414 ►.l rrAVE u► rr% 4b p.oe.a. l q nt4P 14( smoRcoal vtritirtet" LOT 9 Or VANN- IOSLNSON suerivislpN or ru PLUASANY GRAY I.UAGUE, A124 IN WALKe2 COUNTY. 1T AS Solutlons1LL J 1 {r4f 1�r1 . .. =WAN TIMMI1I5 (`{`{ RirWl" -13111 1:\11Iit11l..oan 1)oc * \NSII\1nter1111 Construction T.oa11S \1266 City of 1 {Unttivllte\111tei1111 ( o1151r11C[1o111..oan Agrceinent.. 20120319...v5.doe 1'agti 89 of 121 fICTEB AND ROUNDS D1&BCRIPx'ION of Tot 3 et Va d biome iSrrlfdlYlrlen,'ltaulavNk,Toros Ring a 0.195 of an sofa (8,539 square free) lreea of tend leveled In G1e.Plasrant Gray Leegoe, Abloatl 24, Walker County, Teem acid being all of Lot 3 of lh. VannJohnton Subdleldon, ac %ecbrdid in Volume 3, Page 81 of the Plot Records of Welker County, Tease s me Dahlia portion of that corolla celled 1.17 sere tact of land conveyed to the City of Nnnbu 110 by deed and retarded III Volutes 9SS, Page 710 of Ofilcld Pab119 Record. of Walker Cotetty, Texas (O.P•R.W.C.T.); sold 0,195 of an acre of land being more prdloultrty described by maim end bounds as follows: DEOIT*UNG eta point In the westerly lira of diet certain called 30' Rod rs recorded In Volum* 15, Page 161 of Used Records of Walker Cooley, Texas (D,R,W.C), king ,he northeasterly caner of Lot 2 of aid Vei n4elessoo S, Wlviske, lento being the sontheedlarly corner *held Lot 7, and being 1n 1bseetterly lire Of sold 1.17 sera iraet, from which. found M- 11101 Iran rod Wks cap ker.8gnits 52'23' West, 0.42 for: TRBNCE, South 87'24'13" Wut, a dhle CO rt of 180,16 tut, 'long Ole northerly Ilne of s sold Lot 2, belitg the somberly line of said i..ol 3 to a (bend 5440 Imo rod with cap in the Easterly line of Chit condo called 0.21 ton Inct of (and conveyed to Ratty Nadel by deed raid recorded hi Volume 94, Pot. 188 of Bald Deed Records, being the northwesterly comer of sold Let 2, erne halos 114 toothwestarly Lot 3, aid 4c108 fn the malcrty MID of Id 3,17 ncra lraog 2'11$tiCE, Ttasth 03'31'47" Weed, a dlefauea of 57,00 h cantons the easterly tine of mid 0.21 %ere taut, being 11u westerly Ihre of add tat 3 end amid 1.17 acre tract to a found 31lda0b Iron rod with cap al the eornhwesterly comer of bet 4 of aid VannJeheron Subdlvislon, belts the nordtw4stertytornerof aid Lot 3; Tl(SUC1t, Words 67'24'13" Raft,* demote of 150,15 felt, orient the southerly li tae of geld lot 4, being I1w northerly line of said Lot 3 to a found Mach iron rod with cop to the westerly tins slash, 50' Road, being she southeasterly comer of Feld Lot 4, tae,. being 1110 northeasterly corner of said Lot 3, end bolas le lea taste Fly !hie of told 1.17 sere tree; THENCE. South 03'35'47" tail, 'a sllapfto of 87.00 reef, sloes the Westerly Roe of mid 50' Road, being the emledy line or geld Lol3 and sold 1.17 sere bit/ to tit► Point of 73eg1aola8 m1d C iihh1log0.193ofan acre or lard, Horizon] II Control le based on bolding City of NOnfsvitle Monvmome No. 7574 (grid coordinate of North re 10,262,413.31 eh East- 3,803,009.473) and 7S7S (grid Coordinate orMontt 10,762,526,24 as 6i,t' 3,401,780235). Dteifnsa described sit reeled to the Texts Coordinate Syrian of 1983, Central Zon►, Mimeos shown et. US Snrv'y Fen In "Plato Horisoobl" nnlu sad0,1ybeconvertedI '03(10" units by multiplying bys combined soda rector of0.99971. P111 atom due a3to:npenlu dole description. Prepared by Oco$olx,IMto, LLC 23814 Ha da. Reed Odom Texas Tel, 281.6814146 Job NIL 11-2494E7 I': Idldil.oan I)ocs1NS1'1Interim C,otislruction l,oans11266 City of 1luntsvillellnteriln Construction l o.,. Agtectncrll._ 20120319_, v5.doc. I'agc 88 of 121 LISA( le%w .ttv 4 awl iwr 44444 tql rax I TA4r1 • .tKtnnt .11t(4 W11 • 14441 4444» r.Rr41* Owl t41itl sAY44t. tIn, n' lw4R V.tf �y.p� nxV —! /^ MAC ellUNCt. ••011x* CC�iTI'f K4Zs'l 'Dr" (*1 (4 KAKI rla7 M'CUM v IAIM., K.v1/11, IV+4 r- �I Ws WAv f' t• Sli' 1 LA LAYS I �0�trqt VAMO.lo)1%so ] voo.,,r10:i 1 - 1$0. /6. .r+a�rA11 ..7, 400 toss • I a113.iCR1:S ¢ b eat: Sa tr.; I s $ 1 r c{i' xti .rcku bl ir� i t rEr7 • n 4 c ararar. r 1 i9ry i F✓i/iCC Y a1 R•. '•�F�. •�A0r .17 f . 1 /A7/ 0j t yi �(pF (r + s �oo AWNS ,.I_ Ir rM iVT t g ` I I'41. arY. r I 1 ton I SII t 1 ..J 1 44MMGri7110 001111 M i 1 4.14, ..Vr,1. 1.ti ,. 0140 s ...'.'d R . 1. w 1 1.%'170} t 4.ha ..1M4 4 i t "11I4 W Yt41 lw* 10 yr .4t w 4l4 ry r . 44 r { w 4 4 t.Wl.1� bwN v4 0.. N 41 AK:teq . ,r 1 03.4 wry). L AL kern .0 rrlv.y .ru..l fll 540/4 K • r3. 1..44 0.04 44444la l...I •• 4drr GO al 14,441140 WFV*.0 xx l71(Lb It4t1:r04(I 4} • 111H/.g411 xL..I. )4.46: -00 r44414COI ow", 41, .1r.it r 1011.141.0* (■`6144 44 0 NiHb< i% iw NW1�r1... rrss..• ri 01m iw INl it TVi Kay r.A•.Kl, W.x 1•.a1.1.4 '040 v41. it rdiVh ay. arry:M 4.044 Ixry at 441041* 0. rynt $.tl.y OW. .04,..144111 ..41.11 • a•:r40.14• •e1 N •• .MN..,, ,.j,....1 k4 ..x11440 •t•••■ .0 W 4 w./lty kn. 4. • 4n1tAaM1,( t.t. 4. t1 a.t.*M`la t1t 04'44 • LOT 2 OP VANN-JOHNSON SUBDIVISION OF THE. PLEASANT GRAY LEAGUe', A-24 IN WALKER COUNTY, TEXAS Salutlons,l.LC MC. Via 1.w.. +111.I*l �/70 ., Illyrn 'I:11s1I(111..oan 1.h1cs \NSI'1111icri111 Construction 1.oans11266 City of 11untsville11nicrim Construction Loals Agrecincnt 2 {l l2 {131 t)....v5.(loc 1'agc 87 of 12.1 Nestle's/al Cbnrsvl Is hosed ois holding Cl, of 47uetsvilp Mainmasts No. 7574 (grid oowdiutteof blank w 10,262,411531 & raw. 3,102,009,475) end 7$93 field coordinalaofNorth 10,2,52,326.24 & list- 3,101.7101S5). Oestinp described us roistcd lo Os* Toxin Coordhuto System of 1983, O&M Zones. Dimness atom are U5 Survey Peet in "field Norizontsl" units end nrtly be c4 'waited to 'VW' omits by Multiplying by t combined !ego (rotor of 0.99988, fist of oval drre eeoompa rries this description. ?roomed byt GtoSoluiloru, I,LC 268I4 8uddeAosst BPeinaa.Taxes Tel. 261-61t-9766 Job No, I1- 249.417 T:Ud1(111.<ean l)oc,WSP \Interirll Construction Loans11266 City of Ilutltsvillc\Interim Construction loan Ag eeJne lt.,2U12031')..vS.doc Page 86 of 121 METES AND LlOLND3D) 8L* YTCON of • lot 1 of Veun,7obnreu Subdivision, ICaukvll5.. Tau Delos a 0.195 of an Nr. (8.512 nun) fort) tract of lend loxtod lo the Pleu ent <tzay League, Abrtraa 24, Walker County, Taxer end bring all of Lai 2 of the Varu1Jobnson tiebd£Nrlo:y se veoorded In Volum* 5, P18.11 oftht Pig Records of Walker County, Tutu (P.R.W.C.T.) Nnne bolos* portion of Out outdo titled 1.17 acm tract offend coward kith* Clty or ltuntavllte by deed and worded InVofon w95S, Pap 720ol°tomPubllo Ruud. a Walker Cooly, 7ouer (O.P.R.W.C.T.); oak' 0.195 of an ANY of rend bolos more particululy deaoribed by metes and bounds as Moves: £3a4LNNLNQ al * point In the 1voKsdy Ono of that attain called 50' Road es recorded In Value 83, Page 161 of Deed ut.00rd, of Wa1k*r Cou , Taw (D.R.W.C.), being the uuthe ► steely comer of Lot 3.of u!d Vann-Mum SubdlviIoo, unto barn the no iheasterty onto( of sold I.ot%Wing lathe easteciy lloa of soft 1.17 acre tract, from nhIch 'found 5(l 1nch fronts(' ullticap buss South 5713' Wort, 0.42 feu„ THENCE, bath 02'35'47" Exit, • dl.hnce of 51.00 feel, along, the westerly line of sold S0' Road, bolo; the eutody lino *Fuld Cat 2 and said 1.17 nu trace toe found 5/8 -1noh Iron rod with oop at the noribeutody ootnea of Lot 1 of said VanitJottnson Subdlvk1on, being the soutxsorlerly comer of inlet Lot 24 • TLIlLNCE, Rona; 87'+14'13" Wut, • diatoms of 89,17 het, along OA twr0urly lice of said tot 1, being ibe southerly Ilya of said Lot 2 to a found 34,iuf11 bon rod whir cep at the norll,WU tally court or sold Lot 1, baina tbo oo horror 1' comer of that outgo treat of fond convoyed to Florins Rsndte by dad and recorded In Vot0me 17% Pal* 541 of raid need Records, evil. being in el corner In the custody Ifneofu{d 1,17 airsfr.o% . • THENCE, South 08"3V43" Went, s -0 lutes. of 70.80 f.tl, along the northerly line of said Florins Randle tract, bolos the motherly Ilse of uid Lot 2, same bring tho westerly line of raid 1.17 tore treat to a found 5 /4.1aob trop rod with cep In the eallatiy line of that outgo c.1kd 0.21 AM tract of £and convoyed to Dotty Raudet by eked and recorded fn Vol OOP 94, page 180 dank) need Records, bolas tiw esooi wsnarly corner of aid Plods.. Raadte treat, Tanta being U» soulht+eat.tly.eorru of 11 L0121 'SILENCE, NoTtb warm Wqt,. distaata of 8044 felt, along tit. asrtrify Uoa of odd 0.21 sue nut. bs0ng the westerly Ilne of said Lot 2 end said 1.17 sore tract to a found 5(Odncb Iron rod w110 up at 11w sooiI worttely corner of old Lot 3, being 111. twrthwat'arly Comer of told Lot 2; THENCE, North 87°24'13" Teat, a 114ianm of 180,16 hay along the south :Ry 118. of :rid Lot 3. be Ina tho,rotllurty lino of n11d Lot 2 to Ike Point of Begfdnt.g and containing 0.095 Of an nor. of tort.' '1:Ud1(111..oan I)ocs\NSP\1nteriltt C'mtstructiotl 0.oans11266 City of 1 iuntsviile \lnlcrim Construction Loan Agrce;ment. 20120319__v5.doe Page 10 of 121 Oa mai Kg Wp •+al MHO 10/./.6461601 •�� � t•4 wra} '.'y'•.' rErtl -gr. tea a mra4 uvax�ryp� r(,�4� 01�1RE.R Ml�.=rme� �pa1�yiR1i } l !.66•26,. tR�7: 70tf • !6148 ..id i1 0 IK Ir r• x i Var rLWA 3 rel .GO?! MilL1 V2erVel regva" 2,11414---C11:" 44. tvaareotyscaffinami �:1.k.i�J��'., ✓6,n VSF rrnrm+ LOT 1 p,= VARN-7OI -N5aN tw , ... wpm* wan tn. t.>.w w • w • . =+U RDNrl3ON or TIM PLGAGANT +a .»r . GRAY LGAGGe, a -24 . t. 40,30Fw «YwW.r et r: aiiT¢8 AND 11o13NvSDRAC1iuPTfoN of Lot 3ofV ment ohwon8ub1tvtelou ,iitrnhvflia,Toone Belog a 0,t35 of in sue (8,010 square feet) trod of Ind touted In Oa Pleuartt Otay 'moo, Attract 24, Walker Conroy, 'Thus and bolog All of Lot 3 of the Vsnn4ohnwt Su1dlvhlon, R retadrd In Yoko. 5, Page 11' 01'1111 Plot Recarda of Walker Cotta Taxu (P.1LW.C.T) genie bang et portion afflict Mold eslkd 1.17 awe Roo ofhood convoyed to tits City of Huntsville by deed and recorded In Volum.; 935, Poie 170 of !ha Ofllelal Pobllo Records of Walker Couay, Tsui (O.P.R.W.CT); sold 0.115 of on sore of land being morn pattkulrtiy dssorlbcd by bates rind bound, at fo1Towu BLOINNit4O at a found 5!1.1neh Iran rod wllh cap a1 t1,, tontlnvsitul tourer of that certain cents! 50' Rohl it tetOtt ad In Volume 85, Pap 161 of Deed Records or Wttker County, Tone (D.R.W.C.), holm hr Ihh'northony tine of that adaln Called 0.04 aceb hued of loud conveyed fo the City of Nuoltvflle by died and recorded allot Voting, pale 99 of uld Dra4 Rotordr, same bebrl fie oonhuty Ifni of Second Street (50' Road Bosom ono) of record under Volume 70, Pap 393 of sold Dud Record; and bung Ibs wulfuealerI , tumor of s.Td Lott and geld 1,17 aorotncr; TMENCE, South 58'31'13$ Wray a dlttgnia of 110.19 test; along the aouihedy Iln►of saki Lot 1 and uld 1,37 acre Iri i, bolos the nedhetty Ions of add 9.04 awe tract endsald Second Street to • fouod 518•lnnh Iron rod Whb Mp 111 Iha saulhoodulyy coulter of Sul adorn haul of land rouvcyed to Norio* Rondos by deed sad monied In Vclumo 179„ Pine 541 of egad Deed - Retvrds, bafnalhe sovlbwertedy venter of a 1d Lot 1 aid sold 1,17 veto trod, TinfAc North 02'3547" Woo, a dishuma of 100.00 foil, slats the common lino of aetd Plaln►Rendis tract and saki Lot -1 and 3.17 sera Wel10 a found Slddoob iron rod with cap In the toulherly Ilne of Los 1 of ask! Vann•ldtnson Snbdivblory bolos the northeasterly comer of said Plottna Raids fist, uthe buns oil► nedhtretlarly wear of utd Lot 1, and bebtg an at comer In the tvastarly lino ouul5 IX? atm hoot; THENCE, Korth 87'24'15" Rae, a d Itfaaca of 8+1,17 rest, alone Ih6 southerly Iona or n Id Lot 2; bolus the irerilterly I loo *fold Lot 1 to a found sit -loch from rod WW1 up In 0to westerly Oni' of sold SO' Road, bike the antltsasledy comer of sold Loci, tame halo' the north utterly center of told Lot 1 And being to ibe utterly thus of geld 1.17 au troth TUSNC1, South 01'35'47" En of, a dtefpots of 101,64 fort, dons the we Kerry lino of told SO' Road, being the eutoily lint ofaatd Lor I and said 1.17 airs Iran to 1St Poluf of Baataotag and pontttnlni 0.186 of an aura of lend. iforlwatal Coe tool Is booed on holding( City of Ilunlrvllle Mormon* No. 7574- (gold coot/dints. of North - 10,262,4$5,31 & Eaat.] 102,009.473) and 7575 (grid oonrdtnate of North - 10,467,326.74 &Rut- 3,601,760.735), Beatings desoilbed are tshted to 1ho Team Cootdharo System of 1913, Control Zone, 1)111O noes oh MVO an US Survey Pas to "Field 110111010.11" untie and may ba convutrd to "0 IUD* sin 14 by innttiplytag by A tembinod seats colorer 09998 t. Plot ofovea Zoe aaonpooles 6th deur:piton., Prepared by tle oSolutloug LLC 33114 Dodds BOa R Spiltup, Texa Tit, 281.681.9766 I:11d1(1\L)ari 1)ocs1NS1'l1ntcrint C'onstturtion 1.onns11266 City cif ituntsvitle111ttcrint Construction Loan Agreement- 20120319._v5.doc Page 83 of 121 EXnum. A 15 Pages) TRACT 1: BEING 0.183 am acre of land, more or less, situated in the P. GRAY LEAGUE, A -24, Walker County, "texas anti being all of LOT ONE (1), VANN- JOHNSON SUBDIVISION, a subdivision in City of Huntsville. according to the map or plat thereof recorded in Volume 5, Page 81 of she Plat Records, Walker County, Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and trade a pan hereof. TRACT 2: ReiNc) 0.195 of an acre of land, more or less, situated in the P. GRAY LEAGUE, A -24, Walker County, Texas and being all of LOT TWO (2),.VANN- JOHNSON SUBDIVISION, a subdivision in City of Huntsville, according to the mop or plat thereof recorded in Yolunte 5, Page 81 oftho Plat Records; Walker County, Toss, and being more particurarly described by metes and bounds on Exhibit "A" attached hereto and made a part hereof. TRACT 3: BEING 0.196 of an acre of land, more or teas, situated in the P. GRAY L13ACGUt:, A -24, Walker County, Texas and being all of LOT THREE (3), VANN- JOHNSON SUI3D1VISION, a subdivision in City of ttuntsvillc, according to the map or plat thereof recorded In Volume 5, Page 81 of the Plat Records, Walker County, Texas, and being more particularly described by metes and bounds on INhibit "A" attached hereto and made a part hereof TRACT 4: BEING 0.196 of an acre of land, more or less, situated In the P. GRAY LEAGUE. A -24, Walker County, Texas and being all of LOT FOUR (4), VANN•JOHNSON SUOINVISION,.asubdivision 1» City of Hartsville, according to the map or plat thereof recorded in Volume 5, Page 81 of the Plat Records, Walker County. Texas, and being more particularly described by metes and bounds on Exhibit "A' attached hereto and made a part hereof • TRACT S: BEING 0.196 of an acre of land, more or less, situated ht the P. GRAY LEAGUE, A -24, Walker County, Texas and being all of LOT FIVE (5), VANN - JOHNSON SUBDIVISION, a subdivision in City of Huntsville, according to the map or plat thereof recorded in Volume 5, Page 81 of rho Pint Records; Walker County, Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made a pan hereof. TRACT 6: f313ING 0.164 of an acre of land, more or less, situated in the P. GRAY LEAGUE, A -24, Walker County, Texas and being all of LOT SIX (6), VANNJOIINSON SUBDIVISION, a subdivision in City of Huntsville, according to the map or' plat thereof recorded in Volume 5, Page 81 of the Plat Records, Walker County, Texas, and being most particalariy described by metes and bounds on Exhibit "A" attached hereto and made° pan hereof. NOTE: The Company is prohibited !font Insuring Use area or quannity of land "described herein. Any statement in the above' legal description of the area or quantity of land is not a representation that such area or quantity is correct, but is made only for informational and/or Identification purposes and does not override Rem 2 of Schedule 1 hereof. T :lltlldll..uan l)ocs1NSP \Interim Construction Lo.nns112('6 City of tltsntsvilte\interim Corslrnt:tion Loan Agrecmcrt _ 20120319. v5.doc Page 82 of 12 1 BORROWER: CITY OF IIUNTSVII.A..I■;, a political subdivision. of the State of .Texas 13y: Name: Mac Woodward Title: Mayor Date: ACKNOW1.,I DGEMI +,N'f OF RECEIPT TEXAS DEP'ARTMEN'T' OF HOUSING AND COMMUNITY AFFAIRS, a public and official agency of the State of Texas By: .Name; Its: Date: 'I':1ldidt1,otui Docs \NSl'1Intcrinl Conslrnclion Loans1126( City oflhmtsvillelinterinl Construction Loan Agreement,,. 20 1 20319, _v S. doe Page 81 of 121 • 4(4040 • OHS 41e1t11 awl cts .- PIA46 IMES eV 1.0412 t.A6.CB. in VAXU lw tnct =MAW' #, W' tky(,. iM,lly 44ra -1 /- mce `71t" ma a wlwr RR C414,4 ,Solt ORM CAL NOtAq•ol, • NO414111" N67 '24'fp' iAl!!e *11* AM=1 ���yy,Ol hYh7SYl�L! "6 %I� awArar, /MS/112 NOOVOI9•L Qj Atit owe t• r >4 to-, ' o p 4.g a.t6 WE* II (4§26 so. sx) i a.- -Incali tar - . c u4. Lr/ r '" 4.J! 011 � 4ep4trar. !� . Ii. ` ,./V voimo s Ik r'ot.IML$1 rnw.c.'r. NAtMroRtt corm Are A�oa a:4. I. R•I4.V rI4r.ba w414.14 w'j,a4 YKw4 v ....1m4 M }ri u1 itN ...al t4.\ *4.4.1 4M4SO .fy.4N11 U• k.k hN.1 pI 4+ Ia.i .4. saw M'W ttr.GN1 ,7,- • 4414•644 444 ltr Llse".4 r • 06.1.64044.4 4 max felith Vevelpe Fs, AM d.Myt�al+l w1 NI 4444n,4 .441 W 4ro.h 4.r t 4.L• • L 4164'.11 tMr✓ Y WM w '4. city •1 ..KM. 644-74,6.44 4.4 SSTs 4. • evA :t .1 44.4 • 44i..* 11 k tab 7.7AVS4 ]t N 1177 (µ4..64+N, 414`4:4. • 44.7s14TA! a k 161. 14ri.Tp1111 4.•■I 14..1144 K 4441.4 4, W 1,.• 0.44YaP 4160. .1 44 0..r• itl. 4.44.10 4+.• 44 41 IY'it ..4.r. Si .4.l m 4.Y 1 samara MIN We, .4 4.01434, 7. 470'. h•IK. blt• NM how. W $44.44 N MavMOtkd A...•. 444 b 44. •4.4W4 /•W6r4 M,4‘1.44 I44.Iq 774 to.N6y n.vwtw htM 4. A 4tptptiw44 M4.. ph ...Ws/ V44.444 LOT 6 OF VANN- .OHNSON SUBDIVISION or THE PLEASANT GRAY LeAcUC,.A -24 IN WALKER COUNTY, TeXAS Solutions,l.1_C 'f':1ld1d11,oan 1)ocANSl' \intcrint Construction 1,oans \1266 City or Iltlntsvillc\1nterint Construction Loan Agrcetn ent_2O 120319_ _v 5.iloc 1'iigc 79 of 121 EXHIBIT C Al'P ICATION AND CERTIFICATE FOR PAYMENT Draw No Borrower: CITY OF HUNI'SVILLE, a political subdivision of the State of Texas Address: 1212 Avenue M, Iluntsville, Walker County, Texas 77340 Project: Acquisition and construction of six (6) single family dwellings in the City of Iluintsvillc, Walker County, Texas, more particularly described in Exhibit A, attached hereto and made a part. hereof, with a property address of: 500 2nd Street, Huntsville, Walker Conty, Texas 77320; 115, 117, 119, 121 and 123 Avenue D, Huntsville, Walker County, Texas 77320. BORROWER'S APPLICATION FOR PAYMENT A. Original Construction Loan Amount (Original Note amount minus Acquisition costs) $559,033.20 B. Total Amount. Drawn to I.)atc $ C, 'Total Retainage Held to Date $ D. Current Balance Funded (A -1=3) $ E. Amount of Current Request $ F. Less Required Retainage $ G. Amount to be Funded This Draw (E_F) $ II. Remaining Balance j.A- (B -FG) -j $ The undersigned Borrower certifies that to the best of the Borrower's knowledge, information and belief, the work covered in this application for payment has been., or will be, completed in accordance with the Loan Approval, Security Documents and the Loan Agreement; that all amounts to have been, or will be, .paid by the Borrower for work for which previous certificates for payment were issued and payments received from the Owner; that current payments received from the i)eparttnent will be utilized in .accordance with the I..oan Approval and Loan. Agreement, Security Documents and the (Construction Loan A.gr'eein.ent; and that the current draw is now due. i':Il(11,1\Loan 1),,....$\1,1811\ Interim C'onstnaction I,oans\1266 (City of 1 Iuntsvillclinteri, Construction loan Agreement. 20120319..... v5.clo c Page 80 of 121 flosfzonfel Centrof 11 bleed on (to!dlns C(y of %lowlife Monefnents NA 7574 (rid coordraetaofNorth 10,262,40S.31 &eesf■3, 102, 009.473) end 757$(8rldcoodfnatoofNorth 10,267,526.24 Ea le. 3,101,710.755). ifeerlose dosslbed aro rolatett to lb. Tens Coordinate System of HIM, Central Zone. Ufstenceo shotnt are LS 3Wvey Net t i aVIdA 13otflontei ". unite end may be teque Red to m111q" unlit by InellIptyfnt{ by a tornblocd seals rector of 0.9990. Ptet of oven dole ecc0mpanln tills deaulpl ton. ?report/1 bys Gea!o11rifoae,l.LC 26814 Buda* Reet1 Sprig ;, Ttaes Tc1.211•6eI -9766 3eb Ito. 0.249.127 'f:lldldll.oan I.:)ocs \NSPllntcritn Construction Loans112(6 City of lhnl[svillc \interim Construction Loan Agrecnient 20120319,._vS.doc ['age 78 of 121 MWftli AND HOUNDS br.ACRIPTION of Let; of Van a- Johnsen Subdivision, flontaviUg Texan Doing a 0,164 du ego 0,126 aquae Cu) e tract of farad M stud la the Pie-moot Otay League, Abstttot 24, Wacker County, Tow end bolog aU of Lo16 of the Venn f son Subdivtslon, a+ monied In Volum. 5, Page 61 of the Mt Records of Welker County, Taxes (P.R.V.C.T) ra me being n portfolio( abet shafts coiled 1.17 aka tang et hod Conveyed to th. CIty of Huntsville by deed and caudal In Volume 955, Pogo 720 rf Offalal PubUD Records of Waller Cotmty ;Tern (O.P.R,W.C.T.); .'id 0.164 of on asre 0 land behg mare putkutaiy deer (be4 by mare and bounds ss follows: - 4110INNUtl'i ate found 510 -?rash Iron rod with cap In Rio %octal). lire of theteutaln called 50' Road as recorded b Volume 1$, ppPaga 161 of the Deed Reoos3e Of Walker County, Texas bb*1ngt1. oulhhuttalycomarofmidLot ,,endb t Vanndoloson t d; 71DINGP„ South 17.24'13" Welt�t a dlManta of 180.16 het, along the northerly line ofaald tat 5, being tko motherly line of aid Lot 6 to a found S /8.1aoh inn rod with cap M the tuterfy fine of tat etneln o.Utd 0.62 eon mot of land convoyed to Abe 7obnron by dud and recorded In Volume 96, Pogo 192 of Bald Deed Records, baiag the nonhwelkaly corner oruid Lot 5, uma being the aoutttw.I.siy comer dead Lot 6, end botng lo th►►twtetly Ihroof sold 1.17 meta tract; TWICE, Norio 01'31'47" Welt, a dbhitte of 83.10 fee f, long The easfaty Ibtb of old 0.62 *ore hoot, being the westerly lino of odd Lot 6 mid sold 1.17 acre Iraot to a fiord 5 /8•Inoh Iron rod with cep et the eouticnt'Nerly.arnsrofthst certain eiited 0.032 tece noel of lend conveyed to Cd /oboson by deed end tecwded in Volume 977, Page 120 of told Qfllatal Publlo Reearde, bolos the nathw.it.dy comer of old Lot Odom. halos en inlesler comer In thewetttrly Ilea of aid 1.17 tote enot; TITSNCf+, NorIb'17•24'13" Vast, a dtltanee of 60.92 fear, along the eouthetiy'tine of told 0032 atm ergot, belog the westerly lint amid Lot 6 and ,std 1,17 gem tract to a !OM d SI8•looh Gen rod with top at the southeasterly caner of said 0.032 cove tract, Ming on interla corms la the westerly line of mkt Lot 6 end utd 1.17 sae oars; 'fli 14CJC, North 04.1411" Wait, w dlsraoa 0123.65 feet, along the eagerly lint of said 0,012 acro bast, b.Iog the wenetly line OtuW Lot 6 and std 1,17 acre twat to a found 3f8•lnah Iron rod with em et the nano olerly comer of std 0.012 at» loot, bolag the southeasterly oemte of . that celesta ta11t4 3,000.q, ft. hurt of tad conveyed to Cs17ohn»n by deed and recorded in Volume 215, Page412 ofuid Deed Re000do, oats, being rM toothweawly tomer of thM cmtsln rolled 0.756 sae trio of land .onveyed tD tha City of HiM.vItte by d.tds ofd recorded In Volume 584, Nag 299 and Virtuoso 84, Peas 305 of add Mold Pebfo Records also being al northwesterly comerofetid L of 6 and old 1.17 aaralrnet; TRANCE, North 86'51'49" Past, a hi Rots of 69.41 fro .long the southerly Ilea of sold ' 0.756 .ore itsol, Ming the northerly Roo 6r wid Lot d and acid 9.17 ma trio to a found $f8 -loch loon rod %dos up at the northwesterly comer of aid $0' Rood, being the modes slerty corner of Feld Lot end wad !MAW* tree!; TRUCE, South 02'.W47" Safi, a distance of 57.39 feet, along the malady line Dried 50' Road, talus IBe easterly Ile, 0teatd t,ol'6 and Bald 1.17 onto Men to thi Polo! Of 13talnnlog and contetolog 0.164 ofits tore of fund. 'faldldV..oa1l 1:)ocs\NS1'11nicrint Construction Loans \1266 C. ;ily of llunlst'ille\Interittt C:onslructiola Loan Agreement..20120319, y5.doe. Page 77 of 121 EXECUTED on this ..... day of THE STATE OF TEXAS § COUNTY 01? § , 2012. OWNER AND CONTRACTOR: CITY ()I +' B.UNTSVILI.E, a political subdivisions of the State of 'Texas 13y: Name: Mac Woodward 'l'itle: .Mayor SWORN T(), SUBSCRIBED ANI) ACKNOW1 EI)GEI)1)elbre me on this day of , 2012, by Mac Woodward, Mayor of CITY OF HUNT,SVILI..l, a political subdivision of the State of Texas, acting on behalf of said political subdivision and in the capacity herein stated. (Seal) Notary Public - State of Texas T :11td1d11,oan 1)ocs1NSP1Interim Construction 1.0an5\I26 City oI'1lunlsvilk\lnterim t :onslroction Loan Agrecmcnt 20120319_v5.doc Page 100 of 121 been issued; (iii) this Affidavit has been signed; (iv) this Affidavit has been i.iled in the Real Property Records of the county where the Lot(s) is located; and (v) Owner and Contractor have complied with all of the provisions of the Construction :Loan Agreement. If the Lot(s) is not located within the jurisdiction of a governmental entity which has authority to issue a Certificate of Occupancy, or other similar certificate, then the rctainage will be disbursed thirty -one days after the following events: (i.) completion of the Improvements and acceptance by Lender; (ii) this A.Cfidavit has been signed; (iii) this Affidavit has been filed in the Real Property Records of the county where the Lot(s) is located; and (iv) Owner and Contractor have complied with all of the provisions of the Construction Loan Agreement. Notwithstanding any statement in this paragraph to the contrary, the retainage will not be disbursed if any liens have been filed against the . Lot(s) in the Real Property Records of the county where the Lot(s) is located. If Owner elects not to retain funds for thirty days, Owner shall do so at the sole risk of Owner. 8. Release. Owner and Contractor have made a final inspection of the Lot(s) and hereby release and forever discharge Lender from any and all claims and actions which the Owner or Contractor have or may have arising from or based upon (1) the t.,oan or (2) the construction of the Improvements now located on the Lot(s) or (3) any express or implied warranties retain to the Improvements, including any implied warranties of merchantability, habitability or fitness for a particular purpose. 9. i3ank.ruptcy. There is no pending bankruptcy proceeding naming Contractor or Owner as a party. Neither Contractor nor Owner has made any assignment for the benefit of creditors. Owner and Contractor acknowledge that bankruptcy of the persons or entities that sign this Affidavit will not discharge any liability owed to I,endc.r which arises out of false statements made in this Affidavit. 10. I_aabihty for False Statements. Owner and Contractor will be liable to Lender and other persons relying on this Affidavit for (i) payment of any debts or liens not disclosed in this Affidavit, and (ii) attorney's ices and cxpen.ses incurred to enforce the liability described in (i). 11. Signatures, If Contractor is a partnership, ,joint venture, of corporation, then the person signing this Affidavit on behalf of Contractor is signing both in his or her individual Capacity and as partner, venturer, or officer of Contractor. 'Phis Affidavit is being fled in compliance with Property Code section 53.106. T: \Idl(1\Loan 1)ocs\N5P \Interim Construction Loans \1266 City of Irunlsvillcllnlcriut Coln:function Loan Agi ecinent,..20120319__v5.doc Page 99 of 121 RESOLUTION NO..2009 -04 .A RESOLUTION OF THE CITY COUNCIL OF THE • CITY UT HUNTSVILLE, TEXAS, AUTHORIZING THE .SUBMISSION OF A.NiIGRBORrIOOD STABILIZATION PROGRAM (NW) GRANT APPLICATION TO THE TEXAS DEPARTMENT NT OF •COMMUNITY AND HOUSING AFFAIRS (TDHCA) FOR THE HUNTSVILLE NEIGHBORHOOD STABILIZATION PRO:IECT;.ANI) AUTHOR ,IZING 'TIE CITY MANAGER TO ACT AS THE .CITY'S EXECUTIVE OFFICER AND AUTHORIZED REPRESENTATIVE IN ALL MATTERS PERTAINING TO THE CITY'S :PARTICIPATION IN THE NEIGHBORHOOD STABILIZATION GRANT PROGRAM. WHEREAS Blight is a problem for Huntsville as is affordable housing for low - income residents. This awai'd will allow for the removal of blighted structures and provide new homes for low - income:residents; and WHEREAS It is necessary and in the best interest.of the City to apply for funding under the 2009 Neighborhood Stabilization Orant.Prol rain. - NOW, TIIEREI+ORE, belt resolved by the City Council of the•City ofnuntsville, Texas, that: Section 1: An application is hereby authorized to be filed on behalf of the City and be placed in competition for funding 'under the. Neighborhood Stabilization Grant Program, Section 2: The application will be 'for S1,000,0:0O of grant funds to implement the .Neighborhood Stabilization Project. Section 3: It is understood that the NSP .is a•reimbursement program. Section 4: The Mayor and City Council strongly-support this application t i address:the blight removal and low - income housing production for the city and residents of Huntsville. Section 5: The City Council directs. and .designatcs the City Manager, Bill Baine, as the City's Chief Executive Officer and Authorized Representative to act in all matters in connection with this application and the City's participation in he Neighborhood Stabilization Grant.Program. PASSED AND APPROVED -this 7th day of April, 2009. . ATTEST: .:Stepha6rie;nt, City Secretary APPROVED AS TO FORM: .l Schneider, Interim City Attorney IR.HI.INTSVILLE, TEXAS • J. Turner, Mayor RESOLUTION NO. 2012-21 A RESOLUTION OF. TIIE CITY COUNCIL OF THE CITY OF HUNTSVILLE, TEXAS, REPLACING THE CITY'S EXECUTIVE OFFICER AND AU'T'HORIZED REPRESENTATIVE IN ALL MATTERS PERTAINING TO THE CITY'S PARTICIPATION IN THE NEIGHBORHOOD STABILIZATION GRANT PROGRAM. WHEREAS blight is a problem for Huntsville as is affordable housing for low - income residents. This award will allow for the removal of blighted structures and provide new homes for low- income residents; and WHEREAS it was necessary and in the best interest of the City to apply for funding under the 2009 Neighborhood Stabilization Grant Program. NOW, THEREFORE, be it resolved by the City Council of the City of Huntsville, Texas, that SECTION 1: The City Council amends Resolution 2009 -04 Section 5 to replace•City Manager Bill l3aine as the Chief Executive Officer and Authorized Representative and granting this authority to the Mayor, City Manager and /or Interim City Manager. PASSED AND APPROVED this 7th day of May 2012, ATTEST: oodward, City Secr APPROVED .S TO FORM: chneider, City Attorney THE CITY OF HUNTSVILLE Mac Woodw. d, Mayo ADDENDUM 1 RESOLUTIONS TAW ldlJ.oan 17ocs1NSP11n(crim Construction Loans112(,6 City of linntsvillcUnterirn ('.ons ;ruction loan Agrecmeni 2OI20319_v5.doc Page 121of121 EX1..?,CUTED this 7 day of LA 4_2012. THE STATE O1' TEXAS COUNTY oF ot.,e •-"A. This instrument was ack o vlcdged by, AG ithobWA (24, , the State of Texas, acting on behalf of id herein. By: Natne: Title: before me on this day of , 2012, , of City of Huntsville, a plc) itical subdivision of political subdivision and in the apacity)iatel (Seal) AO' 4A, JUDY ANN THORNTON MY COMMISSION WIRES 40e le August 14, 2014 Notary Public, ate of Texas TAkild\ Loan DocslNSP Iiverito Coos1foetion Loans\ 1266 IonisvilleN Interim Construction Loan Agreement..20120319._v5.tloe Page 120 of 121 EXHIBIT F' RESOL,UI'ION C1±:RTIFICATi I, the undersigned, Officer of City of Huntsville, a political Subdivision ol'the State of Texas (the "City "), hereby certify that I have custody of the Resolution No. 2012 -21. of City of Huntsville, and am authorized to execute and deliver this certificate on behalf of the City, hold the office designated by the undersigned name below, and further certify to the following: 1. Attached hereto as A.dclenduln 1 is a full, true and Correct. copy of the Resolution No. 2012 -21 duly adopted 1) y the City Council of the and approved by the mayor of the City, passed at a meeting of said City, duly and legally called in conformity with the Resolution and in accordance with applicable laws held on the 7th day of May, 2012, a quorum thereof being present and voting unanimously fir the adoption of said Resolution and that said Resolution amends Resolution No. 2009 -04, which was passed and approved on April 17, 2009 and is also attached as Addendum. 1, is hi full force and effeet as of the date of this certification. 2. 'the Resolution attached hereto as Addendum 1 has not been amended, modified or rescinded and is in full force and effect on the date hereof. 3. There is no provision of the corporate records, charter, bylaws, or articles of incorporation of the City limiting the above- described Resolution, and said Resolution is in conformity with the provisions of the City Council. 4. The following persons have been appointed by the City Council to the position set .forth opposite each person's respective name and are qualified to act in such capacities: Mayor City Manager Interim City Manager Mac Woodward T :11d1(1\I,oan l)ocs1NSP\interiin Construction I.oans11266 City of 11eFntsvillellnlcrim Construction Loan Agrcemcnt...20120319., v5.doc P;igc 119 of 121 EXECUTED l) on this _ day of AFFIANT: Texas a 13y: Name: Title: THE STATE OF TEXAS § COUNTY OF § This instrument was acknowledged before me on this, day of , 2{)._..._, by of , a Texas , on behalf of said (Seal) Notary Public, State ofTexas '1':UdId11._o :in J.)ocANSPIInterim Construction Loans1I266 Caly of 11Untsvdlellnterinl Construction Loan Agrecmcnt_20120319. _v5.doc Page 118 of 121 hereafter incurred, paid or suffered by or asserted against Owner or any of Owner's property because of any claim or action by Affiant, or by any person or entity claiming by, through or under Affiant, with respect to the claims, liens and rights herein waived and released or arising out of any breach or untruth of any representation herein made. In consideration of its funding of loan proceeds to be used to pay f'or labor and material furnished by Affiant, Affiant hereby agrees and acknowledges for the benefit of the Texas Department of Housing and Community Af'airs ("Department") that all mechanic's hens or rights to the same now or hereafter owned or held by Affiant are and shall be subordinate and inferior to the lien of the decd of trust held by Department on the 'Properly. Affiant snakes these .representations with knowledge and awareness of Section 53.026 of the 'Texas Property Code, pertaining to shale contracts, thlse statements, and interdependent contractual relationships in construction projects. The person signing this document represents that he or she is duly authorized to do so on behalf of Affiant, original contractor or subcontraetor. All of the provisions of this document shall bind the Affiant original contractor Or subcontractor and Af cant's heirs, legal representatives, SUeCeSSOr'S and assigns and shall inU1'C to the benefit of Owner and Owner's heirs, legal representatives, successors, assigns and sureties. 'f:Udld\Loan I)ocs\NSPNIntcrim Construction ].oans11266 City of 1Imltsvillcllnierim (:instruction Loan Agreement. 2.0120319_ v5.tloe Page 117 of 121 EXHIBIT E WAIVER AND SUBORDINATION OF MECHANIC'S I,II ±,N CLAIMS Property Code § 53.08,5 TI'IIs; STA'T'E ()F TEXAS § § COUNTY OF WALKER § The undersigned (hereinafter referred to as "Affiant ") is an original contractor or subcontractor who has fulnishcd labor or material in the construction of the improvements (the "Work ") upon real property owned by CITY OF :CIUNTSVII..,LE, a political subdivision of the State of Texas (whether one or more, "Owner ") being lot[s] more particularly described in Exhibit A, with a property address of: 500 2nd Street, Huntsville, Walker County, 'Texas 77320; 115, 11.7, 119, 121 and 123 Avenue 1..), 1:Iuntsville, Walker County, Texas 77320, The total charges, excepting any retainage not yet due and payable, for and in. connection with labor perthr.lned and material. furnished. by Affiant through August 1, 2012 (the 'Completion Date") have been paid in Rill to Affiant. Affiant acknowledges complete satisfaction of, and forever WAIVES AND RELEASES, all claims of every kind against Owner or the property referred to above, including but not limited to all liens and etaitns of liens, which Affiant may have as a result of or In Connection with the performance or furnishing of such labor or material. The Work under the original contract between the Owner and the original contractor has been completed within the meaning of Section §53.106 of the Texas Property Code, as of the Completion Date. Affiant has further represented and warranted and does hereby represent and warrant that all persons or entities who have furnished labor or material to Affiant in connection with the Work performed through the Completion Date have been paid all amounts to which they have become entitled, excepting agreed retainage not yet due and payable and excepting only the amounts owed for the following specified bills to the persons identifled below. Naive of Payee Address 'Telephone No. Amount Owed 1. 2. 3. 4. Affiant hereby agrees unconditionally to INDEMNIFY Owner and hold Owner harmless against all liability, loss, cost or expense (including but not limited to attorneys (ties) now or 'I-:lldlilll.oan Uocs \NSl'1lnteriin Construction l.oinis11266 City of 14mtsviNellntcrim Construction Loan Agreement .20120319 vS.doc Page 116 of 12! itOCka y r, ra l»lgfd i " - cow M++ rw /K(1 u n fO4 rap rot[ —FI— rat/ C,t.o1. mum I F tM %AM ' lir' cox or o4M.I 0 „„t 1,. lU�4L44 44U.4). YLMY� r a.YJ;f. 1Vld T(µj w”" F.4lra a.v4 4.OH. -yyyyL a /. pptt ' ,Af i V4/FdRkY.0 ARY,GT• Ng4Y•'Ylr Rp3/lt4t 9g41.49'C row I naa/xtr. tars i� 1 aGi%V w�A► 0.104 mitts I � (71128 SO. Fri ik IQ llJltnl 1• • Jd 8r... AV Way ,J 14 � QRICr _ [ Qg { tjjl� VANTO107n460N 1}I VOLAKAIII 1 SithAtiOnenfINVATS wwaro.,)' wA, r'L .1 ,Arl,.if 4,.4 4i.rvrKr.,. 4. r t 14 9, 4444 x'.11 Ntf Arai+ 4.+0.47 trusN4 CII...t o 6r tilt ,f .4 s 1 +at. ] .Troo, .1r Nat 4.;i,n44d 448.8.28 4N,LA AA tA,KWh, aff '• tt by rP i W 1171 HOMO 4. AA .An, r.. 4•.s.•rf •Aal N. 1...4H of • T 4 1 14.4•14 t•v.4 r rw.4 r...Mota,7 tI hookoloo I4a.M1n., r. 7114 WV 0.41.1..4 Iwp • Ia9•t,•1E41 Of lotto 1.11110.4 )1) N 14)) (4d .471 .'..t ..44 . I1,7{7.uAIA 6 4448. ;41.181$1.444.y.. pri44 w mow tr w 44.... tww•w spina . IK CAA". i•.1 1..•. 7••• 44. AS /.not r.a 4 w44 1.M IOW 44..44 sat) 88 w..tf.w 10 v41 yat a44 «14 111 n444rw 04.. 0•I. w 4.WHU , >• 144,l fa! ,. kW. 44... 0*•.. ef4 881+1 M Ma4Ma4d .t..,w rat d4 .d A.e4.f / +NAAA 0. /rhi144 AAA./ • 1. A 414r4r . 48 0.4A (•l. •.81•81444 0:. 44L LOT 6 OP VANN - JOHNSON SUBDIVISION OP THE PLEASANT GRAY t.CAau @,.A -24 IN WALKER COUNTY, TexAs Solutions,LLC • a9 4:4 tod4. MO s tM • M =l itlalo s pt -1 1. -rt rr 1':\1dldlLoan I:)ocs \NSP\lntcrim Construction f..oans \1266 City of lira ;lsv'illc \Interim C.`.onstructiart Agreement 2O12O319..v5.doc Page 1 15 of 121 ttorrto,ral CoaNV1 la bated on Do:dlnl City of Ifantsallie Waving* No. 7374 (4rid coordinate of North • 10,263,415.31 & Rath. 3,l02. 004.473) and 7575 (yid eau-tibias of North - 10,262,526.24 di Rate. 3.101,710.733), %uinga deswrilxd ue talated 10 lly 7'O ►'u Coerdltalo System of 1913, CtatraI Zona. DhUotte down ato US Survey Past It "Pitld I odrontaf: units end toryyIkeoayettedto "GRID"enkstry gni lliplyinsIyacOmbhted scale fa ,lOrof0.94981. Piet 9fevtn data aeeonlp4rdtu Oda daterlptio,. Prepared hya CaoSolutlont, LLC 25114 3krdde Read Syria!, 7w. Tel. 31t -691 -3766 Job No, 11.249 021 'I':1I(I1(111..oan I.)ocsANSP\Interim Construction Loans\1266 City of 11untsville1interim Construction Loan Agreement 20120319.v5.doc Page 114 of 121 67R'rxa AND ROUNDS A11sC1UPTION of Lot 6 of Vie a-Johnson Salad Ivlslow, Ifv otev111e, Tun Belts a 0.164 otan etre (7,126 aquas feet) hest of Land touted In the Ploosent Oray t.ugue, Ala/frost 24, WAN/ County, Twos end basing all of Lot 6 of the Vann iohoton Subdivision, is recorded la Valums 5, hp 81 of the Plat Records of Wallcac Meaty, Texts (P.R W;C.T,) isms being a putted of dui ctildo Calla 1.17 care hoot of land cotwe od to the City of Huntsville by died and recorded In Volume 955, Pap 720 of 00014 Publlo Records of Walker Cot oiy, Tavaa (O.P.R.W.0 T.); told 0.164 of an sue of land bola& woo putreularly duotibad by motet send bounds as follows: DSt3lNN1Nt3 at a found 501.1ack Iron rod with cap In that westetly Itao of iha cutsln called 50' Road as retooled h Volume 85, Pap 161 of Ma Dud Run. Ids of W«Ikar County, Tegu (D.R.W.C.), being the nonivastarty wants of Lot 5 of add VamnWohnsaa SobdivIelon; tame being she sonthearteeiy comer of said Los 6, and 6eing In Ibe es Pauly line ofsald 1.07 is trod; T17BNCS, South 87 °24'j3" Weal,* distant' of 150.16 feel, along the northerly tine oh std Lai 3, twins the southerly Ilse of add Lot 6 to *Nand 5 /$•lads !too sod with cap la the easterly Ilne of that eastaln sailed 0.62 acre Phut of Tend conveyed to Abe fokioa by deed and rcoordcd In Volume 96, Paso 192 infield Aeed Stacofds, being the northwesterly coma of old Lot 5, same bates die s outhnvstedytermer ,of sold Lot 6,and halos InI1t, smuttily linsofsitd1,17acreViet; TilRTICR, North 01,35'47" Want, a Airline* 01 13.10 feat, along chi easlarty line of old 042 acre toot, bate& the wosteriy line of told Lot 6 and aa14 1.17 sac bast to s found 5 /84noh iron rod with cop at the * uchwesterly eomtrafar t conga 4010 0.032 son heel of land conveyed to Col /obuuon by dud and recorded in Votuma 979, Pag. 120 of sold'Ofllclal Pubilo Records, Wag tits nortbrvastody unto( of told Lol 6,asma Lams& an htiarlar coma in the watterty llne of sold 1.17 sate Well T2iENC3i, Norlb'67°24'13" 1¢a►1, to Mitotic* of 60.91 fiat, along the louthosty lino of sold 0.032 eon bast, Wog the waittely I0s of sold Lot 6 and sold 1,17 sere host to a found 518.Inab Iron rod with cep at the soutitouterly comer of said 0.032 sore tract, being an Interior oomtr fe also mastery ttne of Sold Lot 6 and atfd 1.11 trio red; 176?NCE, With 0014'21" 1Veit, a dot•aa o123.65 rest, gong the unfitly lino of sold 0,032 hemt trail, bete& *Ise Wtsterby Rua of Old Lot 6 and said 1,I7 tors hut to t found 3 /e4noh Iron tod with cep a the northwsterly comas of old 0432 we trod, Wing the soutbuefaiyoama of that carats called 3,060 sq. R. tray of had canveyod to Cal 7ohnwis by dud and 10604 in Voltune 215, Page 412 of mid DM Records, mate being the eoathweo0eriy sonar of thel casts In Baited 0156 ens ink of land conveyed to the OW of 3tunlsvltto•by deeds and recorded In Volans 524, Paga 249 and Votuma 584, Paso 305 of ald °MAatal Pablo Record; also bolas at nortbryeatortycensor tmldlnt6 and utd1.17aoretrsofi . • T112NC1;, Moth 86451'49" lfaat, a Milano of 69.93 test, siong the southerly lane of sold • 0.136 sera loot, being the noHiurly Ilno of sold Lot 6 an4 said 1.17 arts trot to a found 518•inch Iran rod with up at too nanhrratuiy coma of told 50' Road, being she no moss treaty corner of Bald loth and sold 1,17 acre erect; T7IRNCR, South 01'53'47" RttI, a Ablate of 57.51 fest, atoug the wsalorly line of add 50' Road, bass the flutetiy Roo of told Lot 6 aced geld 1.07 auto Not 10 IN Polo? of Hegln idol rat ronnining0.164 of*. sanest land. 7':1It11d\1.,oan 1.)uc WSP \Interim Coitsttuetion 1.oaos112(6 ('i(y ofFtnntsl'illcllntcritn Construction 1.0710 A; rccnlct t__20120319.__v5.tloc Page 113 of 121 • -morovetateraar R a M ax -41 -. J[IRS ORk41. CfL014rgr� x.W ITl`- [oot b wym Ma roW Rl..(4t lids re 1 4t1 6CAIA I. • 00' 1. Wit si . ri to • nes,,a4ftirc of" Q ' 1% . nkv..r. sa IQ. r-- 11:KO T Tort F1 wir ntionet°�v vol. S K Jt �j PAW Ct. =MORO cennwAus /1v11 a L:, 1. 1!.MJ N'4.I. m.lf 1" 1' 4�./ H wry' ii, .. 1.11x11 4 t•MM Mtn W /n 'WV./ t' 4U ..°"cn�i aMl 4lre ltlfr'i 0.14.) ISi. • t• +, A.Jkm Y, p.,n,uei 1f.�4 V.. )1J1 'Crrt PU• R vn., w. Wont. M1w1 P.'IvyA L IORrN1Y G'k 6 1{pf N 1.1R' CO I MAW* Vvv.nL V. 1011 [M{ 0.M.,1 N.M.P. • 11,)t/.4H11 • CM. 1141041.1[1) N 1)11 (44 KYN I%. 11Nort. . 1•t[JJ Mt. lilt. 1M'.TMON7}01...4. • 6,••••• ••• .wt.• 1 N lr,yJ t41W1. e11.. M1 tMW bt4 NIYM. 044•1 Y. VI Ivni/ fad N y..w/PaWT W4M of I* le •••1'1! u� App .1 R1)I0 1 t.:v. fpiyl 11.We i.:.. two, di WN PI .1p1.1e.11.J 1.141.416,4 ova/yam Ady ' 4. i d..WP...4 ...- M• Wtt#tl. MLyl i0 4 lA LOTS OP VANN - JOHNSON SUBDIVISION OF THU P1.NASANT QRAY U AQUE/ A -24 IN WAI.KQR CoUNny, TEXAS So1ut4on,LLC I t f { a 4:rtZia 01.11 Rlldldll..pan f)oes1NSP11nterini Construction 1.,oans\1266 City of Iluntsvillclin(critn Construction Loan Agreement. 20 1 2031 t)_, v5.doc Page 112 of 121 M13TZ6 AHD POUNDS D88CRI T1oN of t of S of Vann fafnyoe gob invls£oo, Hunt 'vI 1e, Tema Ming n 0.196 alto acre (3,559 ware fee) Irnct of land bleated in the 91camM (bray Logue, • Abslradl 24. Welber County, Tams and being ill of I.ot 5 of the VentWolnvren SobdIvislon, ea wordy{ In Volume 3, Page 31 of lire Phil Records of Welker Cetrnly, Texas (A.R.W.C.T.) sine being a portion of Ihet Main calkd 1.17 acre tract enamel el conveyed t0 Coat), of lienitvllle by deed end rocerded In Winos 995, Page 730 of Official Publle Records of Walker County, Texas (O.A,R.W.G,T.); ofd 0.196 of en acre of had being mom pattioularly dorciibed by mom end bourdans follows: DEGIN14ING it a fazed 518 -inch Iron rod with cep in the %wiled); tins of that cep MIA called SO' Road as recorded In Volume 35, Pap 161 of Died Records of Walker. County, Texas (D.R.W.C.), bolas the northeasterly corner el Lei 4 of sold VuniW h.,on SnbElvlrlon, cams baing ow soul hemterty corner of tall Lot S, and being In the easterly Ihts orcall 1.17 rare Wei; T11ENC3!, Sonlh 67'24'13° Wut, M distance of 1.50.76 tech Mons the northerly glue of said 141 4, Wing the southerly line ofseld Lot S to a found SJSdaols itoa rod with cep In the easterly Ile' of that cestale celled 0.62 sere beet of laud conyeysd to Abe Mason by deed and recorded in Wore 96, PIP 191 of mid feed Records, being ihe northtvarsedycomer of old Lot 4, mots being The souihivectcrly corner amid Lot 5, sad Wig In the wssterty Ilse of said 1.17 are Irnel; 'CAENCI~, Notth 01'33'47" West, a distance of 67.00 fad, Min the eaatertyRue of slid 0.62 ncte aecl, being the lvssteriy Ibns of tsfd 1015 and said 1.17 sots treei to a found Siddaeh Icon rod MN cap n1 the tout Aweslalycorner or Lot 6 of saki Vann- ichmon Subdlvlslon, bobsa the uonhvesterly comarof send Lot SI TitENCl3, North67° 149 3" Ea st,odlatesaof190,16 feet, alon8l1 soalherlylireof said Lot 6, being the nathedy line of said Lot S to a found S18 -14dr Iron rod with,eap In lid wdslerly line of mid 30' Road, Isdng the s4ruheasiedyeomtrof sold I.ot 6, sane being the noslheamertycarnar gloats' Lot 5, and being In the wetly line of rind 1.17 acre tract; THENCE, South 01'33'47" East, n distance of 57.00 feet, along the westerly line of said 50' Road, being 1b4 44s14(t1' Rae of sold Lot S and mild 1.17 tens moot lo the Polnt of B agtn Ong end comedies 0.196 of en seta of iced. ltosfeontal Conics) Is based on holdhrg City of Harebvllls Manvile:de No. 7571 (grid coordinate of North ■,10,262,485,31 de flase� 3,803,009, 473) and 7373 (grid eaOrdinsie of North 10,262,326.24 et HMO, 3,801,760,155). Dimino described ere rotted to the Taus Coo/drat'. Syslem of 1903. Carfrml tons, Distances shown ere US Slimy Peat In "Fled 13o3l1oatel° Milts and may be So1lVerft610 'GRID" units by sntsitii,,Iying by a combined stele Rotor of 0.99981. Plat of even dale aecompeole t 11114 dwuiption. Prepared bys OroSo1Iill ens, LAX 25814 Budslt Road Sprint, Texas Te1,1111.681.9766 Sob No.11449417 "I :11dId\Loan lloes1N8P1Interiin Construction 1,oanv1l266 City of Huntsville \lnterirn Uonstfuctian Loan Agiceatcnt 201203119.,_v5.doc !'age 1 1 1 of 121 • 4COf7:0 ...s... v0,0 wl 0 .cua viot -1l .".. •77" Oa. N iswt OAVagVa~O t "rn Mfr ,%6 11( r or�rraf• exu11'�uxr.7[kV 1AV¢1, w' ` .'4J1p CA4110 O.II KAM ,10r rweArom FOG P401 IIS aRrar. N0205'47'0, 07.00 4,' tit NO. nab 11. 0707 •aVra C N/t t6 PA /lot O.A RC eJ717. /t.0/0,0 ✓ eL sr! P. 4 pat .I 1.t IL1 xA0 Len ark; AtAr$ (e66a S4: rr) eV :VP ALRlS a7r of +vM r/ u rat u7• •A ' Pp ar.R1 eritlerVar- 660.01' >tl 14 I� it ivaJ ars ir• f74i7 1 ;ti At LIST ci 41 vsutoc MCI$ vo.1 W . elllaaWORS Ci111'i A f lV�,.VR• /UMOR //NAM.. NYJ.M..r �• N w W r.w.v l.•q tr k!1v.t0.n1 it 1016 NNW 4ni.r f•Kpl IVI W p.[. 1n.'A H1.+i vat iM p. rMel IIMIY�•tr) �aWww0 • 1� 11I P/.41St." $10.1 1 GMT.), If. •f..1.:L • 6.•••• F rA t/M4.1 M l� l .S W. SIP a16 11oup LOT 4 OF VANN•]OHNSON I• n7..•...1'..1 104.•41..fOw, r. lr.N fl • rq. SUOOIVlSrON OF THE FLeA$ANT •••••A .11 GRAY L@AGUL, A-24 IN WALK<R COUNTY, TeXAS 1. 14.0.M101 WAY* 1. 94.140 ? •Vir.0 11•00e••• 11•••••04 r. 1011 (04 sMeA.11 .1 Vrtl • 0{,111..0:11 • (•• 7.0}.E•0.00J} wt 1111 00.4 .4141. 0.010s41 . 141 *.in.0. ▪ f w1. 1101.1.x1417 "0°4 4 00.1"1 6004+ 1. 01 0,00. 2••• •••••• twl M. N L My4 084 4.' IW;. w4I..) 04 [4414 00 OAP .wl. 4o *I.MY1Ir• •••••••11•04 0408.40M$0& S tvaf 1.0.4. 1.08. V.w 'raw in In.f w N••.lk11 41081 N N M MANNy .000440 !.. 1004.0 *INN/ N .11•4■ nwrwl 011.6' • A f11o`i1y. N Aw 110. •••■••1•4 •40 Solutions,LLC rw..io�tn r�'i7Yi�i1''- ru•,n7 "1•:11dIdILoan Does \NSPllitterint Construction Loans11266 City of IluntsvillclIntcriln Construction Loan Agreement_ 20120319 _v5.doc Page 11001/121 t L1' 0 AND ROUNDS IW8C1i1PT6ON of l,ot 4 of Vat 0 Jolaton Subdivlelon, lruiilav111,, Toros Doing a 0,196 of an acre (1,559 Roue feet) tree( of lend laud h, tiro Pluto :it Gray League, Abstract 24, Walker Cwmly, Texce and being ell of Los 4 of the VanrWohmoo Subdivision, as recorded In Volume 5, Page 11 of the Pld Records of Walker County. Taxes (P.R.W.C.T.) soma being* portion ofthst certain tolled 1.17 eon tint of Ned convoyed to ehsCity ofUontsvlde by dud and recorded in Volume 955. Page 770 of Official Public Records of Welk i County, Taxis (O.P,R.W.C.T.); told 0.196 of an acre of lend being more portlnilarly described by notes and bound ees follows: DEdfNNlltift at t found 5J14nch Iron red wil i top in that uettedy lino of that cif'atn called 50' (toad as recorded to Volume 05, Page 161 of Deed Rouge of Miller County, Taxer (A.R,W.L'.), bring the seettteastetty comer of 1.013 of sold V,,at loheten Buildbetsion, tame being the noithta0a,iyr connrof said Lot 4, and behls hi the astedy Ilse of told 1.1? acre traal; riencL, Sotah 11'3547" rot, a dbleut4 Of 57.00 feat, tlw,g din wexarly line of meld 50' Rood, being the tularty Iles of sold Lot 4 and told 1.17 acre lest to a found 5 /84nel, iron rod with alp 93r the northeasterly corner of Lot 3 of sold Voondahatcn Subdlvldwt, being th► soudieu(arly cooerof sold Lot 4; T11EttCB, Routh 81424'13" Woe, n d latance01150.16 1111, along the nut he Fly 11no ofaald lot 3, boles the eosehedy Ike of teed Lot 4 ton found SJ&ktch Iron rod with cap In the &rawly litre of Chat certain called 0.21 *era tract of laud conveyed to Dolly Ronde! by dud and reeorde41 Volume 94, Page 110 of told Dud Records, baing the ,torthlvesicrty corner of sold Lot 3, seine being the meinvesitey egnter*field Lol 4, and bale= westirty line armlet 1.17 nose tract; Tumer, J4orlh 02'35'47" Wtol, n dlttanca of 67.00 fad, along the eutcrty line of eald 0.21 ate (root and Thal ccrtdn eatltd 0.62 ate Eclat of tu,d convoyed 10 Abe Johnson by deed and r4 ocdsd h, Volume 96, Page 192 ofuld Dud R4iardty hobos the %utterly lira ors old 1.014 and geld 1.17 acre I riot to found $J8.Ineh loan rod with oep atthe southwesterly corrtee of old Lot 5, being tiro noninvosterly come afield l.ol 4; TRI1(4CE, Nor!h 17'14'13" Ead, a dltlt,tea of 150,16 feat, along the toulherly IOio ofenld Lot 5, being the northerly lino of sad 1.01410 the Pohl t of Bsglnuteg and cohtelning 0.196 of.* ►era of lend. • tNorito*tol Control le bud on holding City of Ifu„trvithe tdo„uinetas No. 7574 (yid coordlnete of North. 10,162,465.21 & Pest. 3,103,009.473) and 7573 ( /rid eoonllooio Of Nortt - 10,262,576.24 & Het. 3,101,780.255), Bearing* duulbed an eeloled to tint Taxao Coordinate System of 1981, Cenral Z ito. Menus shown are U6 Su may Yen in "Field tiorlrantal" will, 1144 rimy be cox vtrled to "ORMD" otitis by,nultlplying by a connbhxd asola Lector of 0.99961. Nil Of even do(o Ro Puttered bye OceSohillque, 25114 B udde Raed slniug,'r,tnt '20.181.6814766 Job No. 1 1.249.017 '1':\Id1c11Loan Docz \NSP\Interim C:onstruciion Loans\1266 City of 1lontst'i11c\Interim Construction Loan Agrcc m cat t... 2(112(1319.._x' 5. d oc Page 109 of 121 MEND W1N 0{1l • WO wMR[nPorl (Mt VIM w/! - 7►iima 1Mt "7J7"'' .06(n W M.. 'K 3. • cu. as �• rat Inman t 1. V Q 7. .4;51luf%f wlpu1 • Mt Ks0c.ala low 1' w, ad Q hove '4. W/i'af 41 r l ! eSettA PI . I 1 lw It It Ib sCtM pnaAt'atowR ieC , TM cr e '�ll ' YhP. N ML :1 1 1 tNNrY a4 l i N/TW IIIr M•.JW4E t o eD 1V w wRY ht ry Ir W• If e 4 P 7 YwI/ / .1111 1 SMN W 1.7 1 11.44 tY1 t 1w• -1r N l til i q iN v- "W".' 3337 $.w 1141 • ,33a4 M Wa.N 10 0 0 1 ▪ W.1M'V Cara Llrmt at 77*0 0:7 el lk Yxlr Yen ^3.11 Ma MI { ewMIer1 N 71030. ..}.14.1,04t1 • 104. ) i4t13Ie)7 ay WI SYW aar/w3H er Iy3. 107/11311 t (3111 *J .1f61H1 3 1 {RNN en.HYf If 11e Mar 1/M 11.141..010.). MYI tr.., W1rrw o a/ 1s i• I Tl1aef.117 •Y17 WW !Nil* ir1.1 Iw 144 y 130.1344 171 eaa1N WOO I1MV N tlWO. 1 1T. +r Mtr3• 11[701!3 Wm. or* .I ...$ ,.4. ItY'M 1.7 3. rM .0 a tg ry,.rpl NI 7tltY.• ....0.7 31 1,11*44.( MlnalfS.. A It MlYy tree et ■•• 43, atf +.71.)1 Yi VAL LOT 9 OP VANN4OISNSON SUBO»VIStON OP THE PLEASANT GRAY LEAGUE, 4-24 - IN WALKER COUNTY, TEXAS Solfluytions,LLC] fna• Y • i1{• f 4..00A1140-Mb '1':IIdlthLoan Docs \NSl)Untes-iln C :onslruction 1.oans11266 City ofl Iuiil5viI1e \Interim Construction Loan Aired iCllt .201203119..v5.tioe 1).igc 108 of 121 Parr Ea AND 11Ot1NDS DESCRIPTION of 1AI3 of VanM•JObus,4 Sldrlllvlslen, erdevlllr,'1Qeie gong a 0.195 of en tero (8,559 rumen feet) erect of lend located In Ihe,Plaseent Gray League, Absteeet 24, Weller County, Team and befog all of Lol 3 of the Vernoohneon Subdivision, es recorded M Volume 3, Pap 81 of the Plat Records of Walker County, Uses es ens being • portion of that certain 0e11td 1,17 sae (real of hod conveyed to the Cigr of HunievRle by deck mid worked In Volvos, 9S3, Pap 320 ofOM(kiel Publio Rtcordt of Walker Cowl%Tzar (O.P.RW.C,T.Jt sefd 0.196 of an solo of lend batns mot perllovlarly described by mrlaa and bound/tat fbllawal • DROWNING et a point to the westerly this of that cerintn called 50' Road et recorded In Volume 8S, Peso 161 of Deed Records of Welker County, Togs, (D•R.W.C.), behrg the northeasterly comer of Lo12 of sell Vann-Johnson Subdivision, acne bahsg the southeasterly tomer ore old Lot 3, sod being in die sash r(1+tlna Of said 1.17 100110141, from wdhtoh a fcu nd 5/8. fresh loon rod with cep been South 57°23' West, 0.421edt THENCE, SouI1187'14'13" Waet, n die Inure of 150.16 tut, dons the northerly line of 1114141 2, being the southerly line of tali Lot 3 to a found 3I8•bteh Iron rod with enp hs the awed/ Rua of that emehr polled 0.21 tore tract of fend conveyed to Reny Rondo! by decd end recorded In Vofnms 94, Paga 110 or tell bird R cotde, being Bu northwesterly corner of'rmid Lot 2, saute bailie the sos4hwesterty Lot ), 011114410&10 ths. Wish fly lino ohm Id 1,17 acre Srao11 • THHRNCE, North 02 °35'47" Weal, a drrlenceor81.00 feet, along oho easterly !Moot sad 0,21 rers trod, being Rio wastsrly line of said Lot 3 and said 1.17 sere Nei to a found 3/;.Inch iron rod wills eap at the rontMsastesly censer of Lot 4 of add Venn.iohnsoo Subdivision, being din no/thwarts/Ay corner of seed LOt 3; THENCE, North 41'24'13" Raat, a distance of 150.16 feet, alone the southerly line of said Lol 4, being the northerly Ibre o f said Lot 3 to a found S /8•Inoh Mon rod with cop In the westerly lint of said 50' Rosd, bciag Iho sasllluustsrly camera cad Lord, terns being the north. nstetly comer ursetd Lai 3, 610 being In the easterly line (Amid 1.17 a0(0 4(401; THENCE, South 01'.35'42" reart, a dliIAnn 0157.60 feel, akin, the westerly floe of sold 50' Road, being the eahfedy I Ins o f sold Lot) and nld 1.17 sore heel 101110 Poaul of a eglnulag And cmuatning 0.196ofon nor, of laird. 1foslsopuI Control Is based on holding City of }tuntsvilie ldoavrnente No. 7374 (gild toordlrots or North rr 10,262,413,31, 2,s - 3,102,009.473) end 7535 (grid coordinate of Noah 10,262,526.24 dcgasw 3,601,710.2SS). Derririgs dcterlbed ars Meted to the Taxes Coordinate System of 1981, Ceara' Zone. Maws shown ate 00 Survey Peet 1n "Elate Iroikontsl" mitt end may b, convmted 10 'YAW" untie by multipfyIng by a comblaed stela ractaro r0.99A8s, Phi of aver date escanlunler Mir descripi loo. Pros reel by: t?toSoitrttout, LLC 23814 Duthie Road Spring, Toni 241. 20,1421.9746 Job No. 11-240.017 'i' :11d1t11t.oan 1.)oes\N51'lInterim Construction I,oans11266 City of 1lttnlsvillellmerlin Construction Loan Agrccmcn(__201203 t 9_v5.doe Page 107 of 121 tEUC17f1 Coif x44. Q Rey na r 10.1A elm jII,< rat • I0R► Ms 0 MH 1+14 • E641.e •F14) 11.14 1447_ 9111 ••••,. 44 4, 0•/• 44./444 R"' ro.l.1 I4+Z1 ill�ii -11- riot 'PfA.YRt V•VA U M. K2N -Pr" MS W 4441444 ►Aw4 . 4"wW4M If7W p 49161& 1' w NA' l LOTI f di V Qira� J� P.RVr+Ct t.___...___ Pori reg- -ernpro i • ,,v' naa t ". sao.ee rdt e • Q r $ 1 atos,tvres ll 4 .: tI (40.1125 &1Jt2 s�2 (T) li �d >, n' rursroruuArJ 0 �A 0 rrre hrrtit `S ,I arc • rrl1irr�► N narcr. neap %alit • �'- tOmlEyc 4.4 4.. 4480• 1. " a• peQp t7'. 744 c0 M 44 tynrmir44a a - __ • 1 ei ,wevareig Ards li Lon 1 11 1 .0.0(94 14-8 ;; It 1 li A '(/44" �r " � 441• 7 fi ` i { f aoretorrocamticAre 1• ./4 tt..y 1•lt.04l l $44.4• At, L'...t.y.n wN r I . 444.4 .44 ..y".N M �,.f 1R 4411 .l St '♦�/..4 t4.pfgY44 I: /tlli /4494, {M It•k1�t ' .L . 1 1444 W %4.41 44y.4. ..,it In•pysi H�.4 1I. 44144 M! * 4414w.i1j4✓ • 641.1'4* 1R 4..OI4 t f.o44�. ?tomb 4. A> 44.4 .4 •1•••• .1441 444 WM 44 • RO4 • r. 4144.4 4 4..444 4.1444 ... 1.44.1 414 44 149!4114 WW1* I. M 144 WA 1 Wa^.14 4111144 . 1,141.4141. • 4.0. 1.4 .401..111 4N flu 14.1 •• •4414 .111 ►U • 10,I4t/144• • r.". 7.41,4604144 ►wey. 44•1W eft 0.1144 4> 1•. b.q 4.4444 :. 417140 44 4441.0 .74 44x4 444r.4r. 4N� r. •7 4 . 11•,./00.44 s • �rrArsr°''tM Bob f...IN r OINK t 0.••• 4..11'4 414. 4... 444.44 w4 49444 e. 4444404 041,0 .41 41 444 &NONA, ng∎W I tN ►4414.4 •wwr f .1 w 444ryr mm.444:I:Ia, 4, 7 4444g1?w 411.r 144441.4'4••4.. P. 441. LOT 2 or VANN- 3OIINSON SUBDIVISION OF TH8 PLEASANT GRAY 1.EAGUE,"A -24 IN WAUfER COUNTY, TEXAS Solutlons,LLC 0..41 et;11 f "fin .un T:11d1d1l..oinl 1.)ocs \NSPJIntcri1u Construction I.oam:1126(i City of Iluntseillellutcrinl Comlrnetion 1man Agreement 20120319'5.doe Page 10(4 of 121 llor&ooted Conic) is bond on holding City of 3luntsvItl$ Monuments No. 7574 (grid coo rebate of North .10,262,485.31 A part 3,802,009.473) 421 7573 (gild cooed toot. of North a 10,262,526.24 do pest 2,201,780.4SS). Raring described an tested to Iiw %acs Coord1nate Syalun of 1983, Coetnei Zono. Uinences shown ens US 5umey Peg In "Plaid Hedrontel" units nod ni,Nbo concoct to' t31tMA" LnitsbyooltipiybrgbyIcombinedscelsMelonof0 ,99968. Plat ofovea die eotoropanfes this dessap(lo,, Prepared byt Geo8oloiloie, IMO 25814 Huddsfosd Spring, Tests i e}. 221.681-9744 Job No. i1- 449411 '1':11dh111.,oan 1)ocs1NS1'\inte1'I111 C,0118Iiue1(Oi1 1.oans11266 Cily of 11i161svi11C11nlerini Cotts(rllclioel 1.M111 Agreen1en1 .20120319_v5.doc Page 105 of 121 • METES AND II OIINDS DESCRWTION of - lot 1 of Vont.Jobaeon SpbdWldoe, Roelofite, Teas Debts a 0,195 of an are (4.312 aeons lea) trail of tend lava' 14 the Pleasant Oray Leogoa, Abtaed 24, Walker County,'0exas end boles 111 of Lot 2 of the VaatJaieeon Srbdlvlston, a' recorded in Volume 5, Page 21 of the Piet Reoade of Wo11w Corny, lixao (P.R.W.C,T.) same Was a portion of Out csdatn o4Ued 1.17 atrm tractoflood conveyed to she Ciry of NenteNils by dyed and waded in Volum.952, Pose 120 of OIOoht Public Records of Walker County, Tome (O.P.R.W.C.1)t old 0493 of ee eons of lend belts more podia lady &melbed by metes and boundsasfollows: - SzoneN1N0 a a point in the westerly line of Met cabala called 50' Road as recorded to Voltam 15, Pass 161 of Deed Rocoeds of Wanow County, Tula (ORW.0 -), toles the rtutteatery comer of Lot 3. of we VsutJohn son Subdivision, utae boles the norlbeuterty eonoa. ofuld Lot 2,belnsInlbeasfertyilosofatd I.17sete Neel, Rom *Nett sfound$/sdneh Non rod vAiii pp bwe South 37'21' West, 042 feet; THENCE, South 01,25'47" Eat, • dlstaneo of 5700 fat, aloes_ the westerly lino of sold SO' Road, being its eurerly stns orate/ Lot 2 ad add 1,17 are blot 10 • found 3/1.btob Imo rod with osp at the nsrthaasterly comer of Lot 1 of sold Vaahlolutson Subdivision, being the soutkeaterly porter of raid Lot 21 THENCE, flautist/424'13" War, • titmouse of 10,17 feet, altos tea northerly floe of geld Lot 1, being the southerly llae of add Loi 1 to a found S/6tnois iron rod with cep et the aortMwr lousy comp of Bald lot 1, bales she nwtbusteety toms of that eataia tract of isnd comayed to Fiorillo Radio by deed Andre/aged in Volume 179, Pep 141 of mid Dad Records, saute twins an el comer la the westerly llaeorsold 1.17 porcine% • THENCE, South $2'3V13" Welt, a 4141ae• of 70.110 feet, along the northerly line of Wet Mains Rendle tract, bolas the aerate/1y tits of geld Lot 2, am, belns the westerly line of aid 1.17 was treat to • found 121.1eeh leant tat with up totbe eatisr7y lkte of that certain called 021 On had otland eort aged to Dotty /Model by deed and worded 1n Vduma94, peso 110 ofaatd Deed Records, bolas Hue hathwearaly comer of seta Flak li Reodle trot, lame using the roureweeledycomaof said Lot T, THENCE, Nortb 0103547* Wu t,A dtrtexcs of 51.64 feet, 'Ions the aderty line of geld 0.21 sere toot, being the wasted/ Una of salt Lof 2 and red 1.17 acre Whet to 1 found S/ldeeh Iron red with tap at the sowhewterly corner of geld 1.ot 3, bales the northwesterly coma of sold Lot 771E1CL, North 111'34' 13'7404 a Meknes of 750.1f 2 .1, /Ions tee soglherly Hno of aid Lot 3, bates the twrtiteriy 11na of mid Lot 210 the Polar of Dee a rites end amarantng 0.193 o €en Rom of lutd. • 'I':11dldi.otnl DocANSP 1nteriln Construction Lo;ens1126(, City ofl1unlsviltcllnterini Construction Loan Agrccotcnt_211120319 ,_ '5.do8 Page 104 of 121 rY Mei 6O iRbMep vtu ti -. tap utt �}.. too 17r dot a *a.wr ra.trr. IPArat �°° i. w y(E�p n tale $ a JY w Q affitioraciffnIFORM Imottef wWVI M W 4R� R4 Sit t tt `...y ar )++rti+ w.,4 R. ww u • +a. R N.Wf/N.W Ya.W K 6.14 Xv MW,164.1 6*4I � M •• 6 Y lM; .r. Y M at; - M h{ M 7MrgtLe4. •407g� lt 4 SW* 164q 6.46 •w■ 11.v.. v. Ii.N N ...16.446# 14y1iW 4144., .i iM rMWt M.n.1 X46 6. A *WOW.* N n.. ate .4 100 .w 6* 0.1. LOT 1 OP VANN ]Oa4NSON swum/ mom OF THU PL OASANT • GRAY (.QJ1t7Ug. A-24 tN WA],KKR COUNTY, TEXAS Sotutlons,LLC N4- '1': \l(11d\L0an 1 ?ocs \NSP \lntorim construction Loans \1266 city of ifu itsvi[1cUntcrim (ionslauction Loan Agreemeut._.2O120319,..v5.doe Pare 103 of 121 3 3 T28 M D Aotu)m8 DESCRIPTION of Lot I of Ventt 3ohnuan 8nbdtrhtoa, }funhvfll e, 7txa a 11e1nie * 0.113 of air sue (1.01101411111$ feet) Ivor of tend _towed to 114 liana they Llama. Abetted 24, Walker Coney, Teals and lidos all of lot I of the Vann4ohneon Rubdtvbton, es recorded In Voltwe 3,1'ap 11 of the Piet Records of Welker County, Texas (P.R W.0 T.) sands being opt/Molt of Mat cantle eadkd 1.17 acre tan of lend conveyed to Go City of 'runt evillo by deed and recorded le Voltene 953, Pap 710 of line Official Pobflo Records of Walter Clancy, Tend (OP.RW,C,T,)• add 0.115 of an *era of lend belns men pedleuterly dueitbed by reeks and bounds 4► Mows; DY01HMf1G at a found Sf1daek Iron rod will' cep et dw 1041111141144iy tamer of 111111 certain celled S0' Roid as seconded In Volume IL Page 161 of Deed Record, of Watkar County, Toxaf (D.R.W.C.) being hs Ila'nartherly fine of nut attain enlled 9.04 404 hard of land conveyed to the Clly of Itnntevlha by deed and molded under Volume 110, Page 99 of seta Deed Records. ,ante beingthe northerly 1hn *iterated Nest 00' Rote Baseman) of m ord under Volume 70, Palo 393 of said Deed Records, aM being Ito toasusdoily comer of se Id Loh 1 Nod mid 1.17 OM Ind: T71ENC11, eolith 88'31'1}" West, aWane* of10.19 feet; aionsthe southerly llneofuIdLot 1 and sell 1.17 ton tract, baing the northerly lino of sold 9.04 tote lraol and Bald Second EIr,R to a found 3/9 41111 trio toe will) up at the sdnlbeuicdy toner of slut artstn tract of tend eonvq+rd 10 Florio Randle by deed lad recorded in Volume 179, hp 341 of veld Deed. Retook bainglna southtvestuty Conner of PIA Lot 1 led ofd 1.17 art. boor. THOME, North 02.1447" Weil, • Alereea of 140,00 tear, aloes flu common Ike of said Plortna Rundle [root and old Lot 1 end 1,17 sore Intel to a found 5 ldnob frail-ad wt,h up to ux motherly Ilse of Loi 2 or eeld Vain Johnson 8abdIeleloe, bele; the northeasterly comer of add florins Randle inlet, same belns the northwesterly corner otuld lot 1, grad balms an al comer In Ms westerly linwf add 1.17 teen bees' l'IIRNCE, North 61'24'13" Ear t, • instance of 90,11 feet along the aouthuly this of sold Lot bolos 114 tw'OwelY line of oak] L Iron sod with cap in dm westerly Eat' of saki 50' Recd being the towheaded/ corner creole Lot 2, ante belie} the aord,taalerty corner of sold lad 1 led 641'14 the easterly line ofufd 1.17 pay troll • TllEr(Cg, South 01431,0^ Ent, a dl dome of I01.46 feet, lions the westerly line otold SO' Road, bolo; the latterly 1146 of a Id ]ml 1 end said 1.17 tent toot to the l'obi l of 1lagleules ace t:orttsl/dna 0.193 often acre or lend. • Uotlroatel Content r0 Will an holding City of IHuntevltte Monuments No, 1374 (srtd coordinat. of North. 10,462,483,31 & Epaw 3,192,009473) end 7573 (sold roorddnata of North 10,267,326.24 cis Sal" 7, 901,0.753). 8a114ge dacr)bed an related to Om Teal; Coorrhate System of 1943, Centel, Zeoe. Dlatpncas shown ail US Surety Pat In °Pleb? }font. W" [rut's and maybe, converted to vORID" unit4 by eniuTllplyingby a combined scab Amor of0.99914. Plat °town data eeeompantes dole derulpllo.u. Praptrtd byte GeoSaboi , LLC ISBN Dedda Road Sprlog,T/xes 'AL 111491 -9766 '1':l)dldli..o :in DocMSPllnteriru Construction lima:IA[266 City of 11untsvillcllnterint (:imstrut:lion Loan Agrectncnt._20120319 _v5.doc Page 102 of 121 T',X1- 1131T A 5 Paged - TRACT 1: BEING 0.185 of an acre of land, more or less, situated in the P. GRAY LEAGUE, A.24, Walker County, Texas and being all of .LOT ONE (1), VANN- JOHNSON SUBDIVISION, a subdivision in City of Huntsville. according to the map or plat thereof recorded in Volume 5. Page 81 ofthe Plat Records, Walker County, Texas. and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made a part hereof. TRACT 2: BP.INO 0.195 of an acre of land, more or less, situated In the P. GRAY LEAGUE, A -24, Walker County, Texas and being all of LOT TWO (2), VANN- JOHNSON SUIiDIVISIUN, a subdivision In City of Huntsville, according to the map or plat thereof recorded In Volume 5, Page 81 of the Plat Records; Walker County, Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made a pan hereof. TRACT 3: lEING 0.196 of an acre gland. more orless, situated in the P. GRAY I.13AOUE, 424, Walker County, Texas and being all of LOT THREE (3), VANN- JOHNSON SUBDIVISION, a subdivision In City or Huntsville, according to -the map or plat thereof recorded In Volume 5, Page 81 of tho Plat Records, Walker County, Texas, and being more particularly described by tnetea and bounds on Exhibit "A" attached hereto and made a part hereof. TRACT4: BEING 0.196 of an sere of land, more or less, situated in the P. ORAY LEAOiJE, A -24. Walker County, Texas and being all of LOT HOUR (4), VANN- JOHNSON SIJIIDIVISION, a subdivision in City of Huntsville, according to the map or plat thereof recorded in Vohune 5, Page 81 ofthm Plat Records, Wacker County, Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made a part hereof. • TRACT 5: TIEING 0.196 of an Isere of land, more or less, situated in the P. OKAY L1 >AOUE, 424, Wacker County, Texas and being all of LOT FIVE (5), VANN- JOHNSON SUBDIVISION, a subdivision In City of Huntsville, according to the map or plat thereof recorded in Vohune 5. Page 81 of the Plat Records, Walker County, Texas, and being more particularly described by metes and bounds on Exhibit "A" attached hereto and made a part hereof. TRACT 6; DEING 0:164 of an acre of land, more or less, situated its the P. GRAY LEAGUE, 424, Walker County, Texas and being all of LOT SIX (6),- VANN - JOHNSON SUBDIVISION, a subdivision in City of Huntsville, according to the maji or plat thereof recorded in Volume 5, Page 81 of the Plat Records, Walker County, Texas, and being more particularly described by motes and bounds on Exhibit "A" attached hereto and made a part hereof. • NOTE: The Company Is prohibited font Insuring the area or quantity of land described herein. Any statement In the above legal deseription of the area or quantity of land is not a representation that such area or quantity is correct, but Is made only for Won-notional andlor.identllleation purposes and does not override Item 2 of Schedule./I hereof. •I':IldtdlLoan Docs \NSPllnterim Construction Loans11266 City oft Iuntsviticllnterim (.'instruction Loan Agrccrncut__20120319__ v5.doc Page 101of121