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All ~hmt certain tract or parcel of landlsitu&ted Ih Lamar CoUnty, Texas, in the Northeast ~ar% of the cttylof Perlsl be ng part of the Joseph Le~ch Survey, Abstract No 524; and being a~ of e called 1,497 ecre tract.of l~nd (TRACT 2) described 1~ Deed from Louise Add son Teylor to Allen R. Ward~ deted the 8th dmy of July,' 1992, recorded'In VoLume 305, Page 22~ Re~ Property Records of Lam~r County~ TexSs~ said-1.497 acre tract of land being p=rtlof a c=lled 25 acre tracb'o~ land debcrlbe~ in Deed to Bruce Ray (Vo1~'260 Page 84 DR)~ also belng pert of City Block No. 318;' said 1.497 abre tract of lend being more psrticulerIy described as follows, to-wi~: Beginning at a 1/2" die. R. S. Rod (foun said called 1.497 acre tract of land, in 8treet~ end North line of said 25 acre t 43' 05" E, 324.64~ feet from the point o line of Center Street, with the East Ii~ said point of Intersection being the Nor tract of land, and Northwest corner of s Rod (found) bein~ the Nc ~) et the Northeast corner of the South line of Center · -Sci of Isnd;' same being N 89 ~ Intersection .of the South e of a Street going South; ~hwest corner of s~id 25 acre aid City Block No. 318; also, said 1/Z" R.S. .thwest corner of acre tract of land described in Eeed. to James W, Yancey and Jadk Henderson (vol. 385, Page 178 RP); ! . Thence S 1' 41' 00" W~ a '~Tstance of 39~/920 feet to a 5/8" di~, R, Rod (set) at the Southeast*corner of sa~d called 1.497 acre [rect of lend~ and Southwest corner of said 2 ac~e tract of [end, in the North line of Loop Highway No. 286 NE; Thence N 73' 19' 00" W, aion~ the Non~hiline of s~id highway~ distance of 136.430 feet to an X merk~dlon the concrete at an point; and an Inner corner of sa~ 1.497 acre tract of [and; Thence N 54; 51' 00" W, along the, Northi line,, . , of said' hlghway~ distance of 57,630 feet to a 5/8 d~a, IR, S. Rod (set) at the · Southwest cor~er of said called 1,497 ~cre tract of [and~ in the center of a 60 feet width Channel Easement; same being the Southeast .corner of a called 0.875 acre tract of!land (TRACT 1) described in Deed to ALlen R. Ward'(Vol, 305,,,Page 12 RP); 16" E along the cente~ of sa d Eesement a distance Thence N 1' 43' to a 1/2" dia.' R. $. R~d (found) a~ the Northwest of 319.665 feet corner of said called 1.497 ecre traCtlOf land, In th South line of sa d Center S~reet; same being th~ Northeast corner of said 0,875 acre tract of lend; . .. Thence N 89~ 43' 05" E, along the $out~ ~ine of seid Center Street~ a distance of 179.752 feet to the place pf beginning and containing 1 498 acres of land. * ! The beerinBs recited herein are based ~n the Deed call of'the East line of said called 1.4g? acre tract o!f land (S 1° 41' 00" W). EXHiBiT