MEMORANDUM OF GROUND LEASE
THE STATE OF TEXAS Section
Section
COUNTY OF TARRANT Section
This Memorandum of Ground Lease (this "MEMORANDUM") is made and
entered into to be effective for all purposes as of June 1, 1998 by and
between INDEPENDENT RESEARCH AGENCY FOR LIFE INSURANCE, INC., a Texas
corporation ("LESSOR"), and FIRST COMMAND FINANCIAL CORPORATION, a Texas
corporation ("LESSEE"), as follows:
1. Lessor and Lessee have executed that certain Ground Lease (the
"LEASE") dated June 1, 1998, whereby Lessor has leased to Lessee the property
located in Fort Worth, Tarrant County, Texas that is described in EXHIBIT A
attached hereto and incorporated fully herein by reference (the "PROPERTY").
2. The Lease sets forth the above names of Lessor and Lessee.
3. Lessor's address is P. O. Xxx 0000, Xxxx Xxxxx, Xxxxx 00000,
Attention: Chief Financial Officer.
4. Lessee's address is 0000 Xxxxx Xxxxx, Xxxx Xxxxx, Xxxxx 00000,
Attention: Chief Executive Offier.
5. The term of the Lease is for ninety-nine (99) years beginning
June 1, 1998, and ending at midnight on May 31, 2097.
7. In addition to those terms referred to above, the Lease
contains numerous other terms, covenants, and conditions which affect the
Property, and notice is hereby given that reference should be had to the
Lease directly with respect to the details of such terms, covenants, and
conditions. Copies of the Lease are maintained at the offices of Lessor and
of Lessee as set forth above.
7. This Memorandum does not alter, amend, modify, or change the
Lease or the exhibits or schedules thereto in any respect. This Memorandum
is executed by the parties solely for the purpose of recordation in the
Records of Tarrant County, Texas, and it is the intent of the parties that it
shall be so recorded and shall give notice of and confirm the Lease and
exhibits and schedules thereto and all of its terms to the same extent as if
all of the provisions of the Lease and exhibits and schedules thereto were
fully set forth herein. The Lease and exhibits and schedules thereto are
hereby incorporated by reference in this
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Memorandum, and the parties hereby ratify and confirm the Lease as if the
Lease were being re-executed by them and recorded. In the event of any
conflict between the provisions of this Memorandum and the Lease, the
provisions of the Lease shall control.
Lessor and Lessee have executed this Memorandum to be effective as
of the date first above written.
LESSOR:
INDEPENDENT RESEARCH AGENCY FOR
LIFE INSURANCE, INC.
By: /s/ Xxxxxx X. Xxxxxx
------------------------------------
Name: Xxxxxx X. Xxxxxx
-----------------------------
Title: Chief Financial Officer
-----------------------------
LESSEE:
FIRST COMMAND FINANCIAL CORPORATION
By: /s/ Xxxxx X. Xxxxx
------------------------------------
Name: Xxxxx X. Xxxxx
-----------------------------
Title: Chief Executive Officer
-----------------------------
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XXX XXXXX XX XXXXX Xxxxxxx
Xxxxxxx
XXXXXX OF TARRANT Section
The foregoing instrument was acknowledged before me on the 11th day
of June, 1998, by Xxxxxx X. Xxxxxx, ____________________________ of
Independent Research Agency for Life Insurance, Inc., a Texas corporation, on
behalf of said corporation.
/s/ Xxxxxx X. Xxxxx
--------------------------------
Notary Public, State of Texas
My Commission Expires: Printed Name of Notary:
03-26-01 Xxxxxx X. Xxxxx
---------------------- --------------------------------
THE STATE OF TEXAS Section
Section
COUNTY OF TARRANT Section
The foregoing instrument was acknowledged before me on the 11th day
of June, 1998, by Xxxxx X. Xxxxx, ___________________________ of First
Command Financial Corporation, a Texas corporation, on behalf of said
corporation.
/s/ Xxxxxx X. Xxxxx
--------------------------------
Notary Public, State of Texas
My Commission Expires: Printed Name of Notary:
03-26-01 Xxxxxx X. Xxxxx
---------------------- --------------------------------
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EXHIBIT A
BEING a 43750 square foot tract of land situated in the B.B.B. & C.R.R.
Survey, Abstract Number 217, and the X. Xxxxxx Survey, Abstract Xxxxxx 000,
Xxxx xx Xxxxx Xxxxx, Xxxxxxx Xxxxxx, Xxxxx, being part of Xxx 0-X, Xxxxx X xx
XXXXXXX XXXX ADDITION described by plat recorded in Volume 388-173, Page 10,
Plat Records of Tarrant County, Texas (PRTCT), and being part of a called
17.000 acre tract of land described by deed as "TRACT FOUR" to Cassco Land
Co., Inc., recorded in Volume 6494, Page 389, Deed Records to Tarrant County,
Texas (DRTCT), said 43750 square foot tract of land being more particularly
described by metes and bounds as follows:
Commercing at a 1/2-inch iron rod found at the intersection of the north
right-of-way line of Xxxxxxx Plaza (an 80-foot right-of-way) and the west
right-of-way line of South Xxxxx Street (a 120-foot right-of-way);
THENCE along said west right-of-way line the following:
North 00DEG.09'00" East, a distance of 281.00 feet to a 1/2-inch iron
rod found for the beginning of a curve to the left having a central
angle of 09DEG.31'21" and a radius of 1287.60 feet;
Along said curve to the left an arc distance of 214.00 feet and a chord
bearing and distance of North 04DEG.36'41" West 213.75 feet to a
1/2-inch iron rod found for the southeast corner of Xxx 0, Xxxxx X xx
XXXXXXX XXXX ADDITION described by plat recorded in Volume 388-74, Page
2, PRTCT;
THENCE South 84DEG.46'00" West, a distance of 327.42 feet along the south
line of said Xxx 0 xx x xxxxx;
XXXXXX Xxxxx 00XXX.00'00" East, a distance of 59.71 feet to a point for
corner, said point being the POINT OF BEGINNING;
THENCE South 04DEG.23'44" East, a distance of 125.00 feet to a point for
corner;
THENCE South 85DEG.36'16" West, a distance of 350.00 feet to a point for
corner;
THENCE North 04DEG.23'44" West, a distance of 125.00 feet to a point for
corner;
THENCE North 85DEG.36'16" East, a distance of 350.00 feet to the POINT OF
BEGINNING;
CONTAINING a computed area of 43750 square feet of land.
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