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HomeMy WebLinkAbout03-06 Deed & Platsl 0 D #3504 2707r- 6/27/86 DEED THIS DEED OF BXRGAIN AND SALE made this day of June, 1986, between UNITED STATES STEEL CORPORATION, a corporation organized and existing under the'laws of the State of Delaware ('Grentor') and CHEMSTONE CORPORATION, a corporation organised „and existing under the laws of the State of Delaware ('Grantee"). BK62OPC186 WITNESSETH: That for and in consideration of the sum of Three Hundred Fifty Thousand Dollars 435D,090.00) paid by Grantee to Grantor, the receipt whereof is hereby acknowledged, the Grantor does hereby grant, bargain, Bell and convey,with SPECIAL WARRANTY OF TITLE unto the Grantee in fee simple, together with all rights, privileges and appurtenances thereunto belonging: All that tract of land, located about 1.5 miles northwest of Middletown on Virginia State Routes 4625, 0627 and 6758, and situate in Opequon Magisterial District, Frederick County, Virginia, containing 539.451 acres, more or less, as more particularly described by that plat and description by C. J. Rinker, Jr., C.L.S., dated June 25, 1986, a copy of which is attached hereto and by this reference made a part hereof which land is described by mates and bounds as follows: Beginning at an iron pin set on the Southeast side of State Route 475a and a corner with Flintkote CO,; thence with the Southeastern lines of the said road N 39. 53' 03' E 506.05 feet to an iron pin set; thence N 38. 51. IS E. 423.76 feet to an iron pin set; thence N 39 ' 32' 58' E 640,55 feet to on iron pin set; thence N 39. 56' 01' E 1,296.56 feet to a point in the center of State Route 4627 and a corner with Kenneth P. Boyer; thence with the general centerline of the said road and the said Eoyer's lines N 58. 34' 51' W 24.61 feet to a railroad 'spike found; thence N 71' 51' 15' W 762.09 feet to a point, a corner with Wanda R. ProeBcher; thence with the said Proescher's lines R 48' 10' 25' E 1,030.98 feet to an iron pin set in an old broken off fence post, at an old fence corner; thence S 42. 53' 33' E 198.00 feet to.an iron pin Bet at an old fence corner; thence with another of the said Proescher's lines and continuing with Garland N. Snapp, et. alS. line N 48. 03. 52' E 1,774.42 feet to an iron pin set at a corner with J. J. Pickerel) thence with the said Pickerel's lines S 56. 49' 53' E 3,699.27 feet to an iron pin set; thence S 33' 20' 32' W 1,675.02 feet to an iron pin found; I i► �► 167 BK82ON187 thence 8 47. 56' 38' W 578.15 feet to an iron pin set at an old fence corner, a corner with Richard A. Oya; thence with the said Dye's lines 5 53' 23' W 954.20 feet to a point In Middle Harsh Brook; thence down the said Brook with the general meanders thereof 8 57' 54' 13' N 321.85 feet to a point; thence S 40 31' 00' W 179.03 feet to a point; thence 8 34. 15' 00' W 76.22 fast to a point) thence 6 50. 31' 00' W 53.16 feet to a point) thence 8 40' 01 00' W 100.30 feet to a point; thence 6 43' 01' 00' W 100.30 feet to a point; thence S 41. 46' 00' W 100.30 feet to a point; thence S 08 31. 01' W 16.05 feet to a point) thence 6 44' 46' 00' W 54.16 feet to a point; thence N 60' 26' 00' N 20.56 feet to a point; thence 8 70. 49' 00' W 23.07 feet to a railroad spike set in State Route 8627; thence down the said road and continuing with the said Dye's line 6 44. 22' 31' E 2,621.42 feet to a point in State Route 4625, a corner with Harold G. Nichols; thence with the said road and the said Nichols' line S 48 30' 14' W 834.12 feet to a railroad spike net at a corner with Edith M. Renner) thence with the said Renner's line S 48' 54' 38' W 569.68 feet to a planted limestone rock found at a corner with Vernie D. Garrett; thence with the said Garrett's lines N 47' 21' 22' W 1,346.03 feet to an iron pin set; thence 6 36' 29' 59' N 2,939.60 feet to an iron pin set at a corner with James H. Garrott, et. ale.; thence with the said Garrett's line N 29 54 46' W 196.47 feet to an iron pin found at a cornet with the Flintkots Co.; thence with the said Co.'s lines N 36' 34' 41' E 1,301.31 feet to an iron pin set; thence N 41' 30 31' W 1,917.08 feet to an iron pin found by an old fence post; thence N 42' 39' 21' E 62.27 feat to an old fence post found at a fence corner; thence N 43 20' 04' W 1,629.84 feet to the point of beginning and containing 539.451 Acres more or less. The aforesaid property is the same property eonveyod to United States Steel Corporation by the following deeds: (1) Deed dated January 29. 1955, from Vernie 0. 'Garrett. at vir,_recorded in the ClerYs Office of the Circuit Court for Frederick County, Virginia, in Deed Book 235,. at Page 112; (2) Deed dated January 29, 1955, from Irvan T. O'Connell, et us, recorded in the aforesaid Clerk's Office in Deed Book f 235, at Page 114; (3) Deed dated January 29, 1955, from J. J. Pickerel, at us, recorded in the aforesaid Clark's Office in Dead Book 21 at Page 117; and (4) Deed dated March 31, 1955, from Paul 0. Cooley, at als, Yoeordod in the aforesaid Clark's Office in Deed Book 136, at page 27; 1568 ABU 1XMX the property conveyed -2- 188 —. -- -- � j r I BKG20FG'38 ,I r I by Grantor to the Commonwealth of Virginia for the widening and improvement of a portion of Route 758, recorded in the aforesaiid Clark's Office fLA Deed Book 420, at Page 542, and a tract of land containing 32.529 acres, more or less, conveyed by Grantor to J. J. Pickerel, at us, by deed dated February 9, 1956, and recorded in the aforesaid Clark's office in Dead Book 240, at Page 175. Grantor hereby reserves to itself, its successors and assigns a royalty on all limestone or dolomite produced from the property described in Tracts I, II, III and IV above and either Qa) sold, (b) crushed, sized and sold or (c) after having been crushed and sized, processed for sale by any other process, such as introduction to Grantee's kilns. The royalty shall be paid quarterly on the 25th day of the month following the last month of each calendar quarter during a calendar year and will be the product resulting from multiplying $0.025, hereinafter referred to as the •Reference Rate °, by the total net tons of 2,000 pounds each which are (a) sold, (b) crushed, sized and sold, or (c) after having been crushed and sized, processed for sale by any other process, during each calendar quarter during the term of this Agreement. No royalties shall be payable on unsold or unusable by- product unless or until sold or used. • The Reference Rate referred to in the preceding paragraph shall be adjusted for each year to take account of the variation in the average annual price for Lime in the United States as determined by the United States Department of the Interior,'Bureau of Mines. The value of this average price for Lime for 1985 will constfitute the base for determination of the adjustment to the Reference Rate, but in no event will the Reference Rate be less than 60.025. For the purpose of such adjustment, it is agreed that the -a- 4 4 f I: US20rc189 J average price for Lime for 1955 is $50.50 per net ton of 1,090 poeads. The adjusted Reference Rate for any particular calendar year shall be an amount which bears the same ratio to 4.025 as the average price per ton for lime for ouch your bears to $Sd.50. Repressed as a formula, the adjusted Reference Rote (z) would be detocminod an follows if the average price of lime increased to $60: 160,00 x R - $.0297 � f I In the event that the United States Department of the interior. Bureau of Riess or a successor agency of the United States Government ceases to publish an average annual price for Lime, the Reference Rate will be adjusted according to the variation in average annual price for Liam produced from the promises determined on an F.O.D. basis for any calendar year after 1905. when mining has occurred, Grantee shall furnish within twenty -five (25) days after the end of each calendar quarter of any calendar year to Grantor reports of production from the property and of limestone or dolomite sold or processed for sale during that quarter and within e5 days after the end of each calendar year Grantee shall furnish maps and sections to enable Grantor to verify the reported production. Grantor shall be entitled to audit such reports and other supporting data. Should Grantee and Grantor be unable to agree as to what production has occurred, then Grantee and Grantor agree to submit such issue to binding arbitration. Each party shall select one arbitrator familiar with the production of limestone and the two arbitrators selected shall choose a third arbitrator familiar with the production of limestone to act as chairman. Both parties shall be bound by the decision CC the arbitrators. Each party shall boar all of the fees M 190 f I I r BK G2OPG';gI and expenses of its own arbitrator and pap one-half of the y fee and expense of the third arbitrator. ? Th'.ia conveyance :1e matle sulbjact to all, reads and i -5- (j I i I ; highways sad the restrictive covenants, conditions and rights of way of record affecting the property hersinbefore I, described. 5 'Attest! t UNITED STATES STEEL CORPORATION +• t Assjsta4b:secretary 0. Colombari s i i 1• � Senior Vice President- ;` Steel Related Resources • li I -5- (j I i I ; .r. 1 J l t f ,l BK62QPG191 COMKONMMTN OF PENNSYLVANIA > ) SS: COUNTY OF ALLEGNERY ) On this L-3 7t/ day of June, 1966, before me, a Notary Public in and for said County, personally appeared O. Colombari, who acknowledged himself to be Senior Vice President -Steel Related Resources of United States Steel Corporation, a corporation, and he, as such officer, being authorised to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the Corporation by himself, as such officer. In "I1'NSS9 MMR1WF, I hereunto sat my hand and official goal. Notary Publi uaLam my Commission expltog Pr of dn, ��''•vJ �fp i9 -6- i r BK 6 7 0 PG 111 1#400 f1`\ h iaJfo4J � �� • V yZ �, Zo.;/�Jl C1G61P'RL D u0ri. \vy rRrInipet Z;? /ttsd f+94 6 ec �40 �O V se v o w 'y q y d Xa4'Sd �•� h � . • � t. �l s r� ' c .�N V� ti Is��,4 n O . •SPii,PSCr ® +040 AO$TfQVWO .Y •S. A'Arfooq(O 7}..(. ✓.R C4 PJN •13 0•R/k SPIKE sfT Pee Aa248 PG de! IP A ' � ®•SST S4 %s'q/ 3Zr.OS � as N, J91 9000 of /OO.JO e.a "n sr ere. -� G u� GES rj (�l•J st 44 bo'vf S4• /Lr �' 0•/J� LG'OO h(' Ias4' �3 7'dws'ao'W u.a'r' -0 S•4g za le I MID 2GZl.4z \� I I P y 0 � v rtY�t4p aRgctt. !09 222r� •' Y /. J MueS � AO' �v rows! y p e<o fosrp 47 S1'ZZ' s '0 w ' Rma 17 �.�• -- 1544.09' m J h l posy 'J 4. � u WLCK� N 2 t / 129.84 /, /9iZa9 • /�! ww!Va.. ° - See 74 ftigrrcore co. sca� .�J'34 304! E a Epttl. J 7 iS JueYCr /J J&,&jr r r cceruica�c nn �LL E�Jfra�6ifTJ .t VD ry29 5444�N� s 54173(a�01058 ,glckrs -of WRys of ecco4o 419oar'• 4� oe orgeerpaE,wKCr�c� JKogr�(o•eKor �, �, "�cn uNo TQ!'16 S K• P(iJ P «r "s eaeArPSCP.( h(irjour rKC s�.e.ecrr K acNCf%r of t rim QZPO4T .tvo o oc snror Q Z yoj� rteevo.ed nrecl;sJReiry iNolc.gre -1 U cMCUAZts•Q OAr rjC PeOPCRry ' 7 .ST ai7'frFLo Grah'�P�/� tc�: ae. s!e ago co/fYCrs ro C,-v Ple. (R OC<gti/geE CO.CDO.CAjr'bA(� /J.n acs vo4ryVcdr olsreier ,{'ecaE.glc�c covNry, r1#�si1#,/!:¢. t pnparad by CARL J. RINKE R AND ASSQC. M Z5- EMG%EERS�U:tl K MKM LAWYERS ROW ODSTOCK YA 22664 w PH 7034593715 l 193 g4bLUYhIus CARL J. RINKER & ASSOCIATES Lotl Swa7ds • Enpnewl • iwl Phmnn tserywi Roe Wooeeoc%. VA22au 170711604716 This tract of lead is located about 1.3 nil** Northwest of Middletown, an State Rostoo 4623, 4627 6 4758, in Opaque Magistarial Diatrtot, Proderick County, Virginia and in described by rotes and bounds as follows: 1 beginning at an free pia set an the Southeast aide of State Rout* 4758 and a career with nutkate cc.; thence with the Southeastern Lines of the said road N 39 33' 03" It 306.03 foot to an iron pin 1st; thence N 38' 51' 18" 1 423.76 feat to an iron pin not; thoate N 39' 32' 58" N 640.55 fact to an Iron pin ant{ thane N 39' 56' O1" 1 1,296.36 fast to a point in the canter of State Routs 4677 and a corner with lamath P. loyar; thence with the general centerline of the said road and the said lopes'• lines N 38' 34' 51" N 24.61 feet to a railroad spiky found; thence N W 31' 15" V 762.00 feet to a point, a corner with Wanda R. Proaachar; chance with the said Proascbor's lines N 48' 10' 25" b 1,030.98 feet to an itca pin cot in an e14 broken off fence post, at an old fence corner; thence S 42' 53' 33" 1 198.00 fact to an irm pin eat at an old fence corner, thence with another of the said fr000eber's Ilona and continuing with Garland M. Snapp, at. als. line N 48 OS' 52" 1 1,774.42 foot to an iron pin net at a cornet vith J. J. Pickoral; thence with the Raid Pickeral'o lines 8 56' 49' 53" 1 3,699.27 fact to an iron pin not; thence 0 33' 20' 32" V 1,673.02 fact to an iron pin found; thence 6 67' 56' 38" V 378.15 feet to an iron pia eat at in old fence turner, a ==at with Richard 4. Sys; than with the said Dya's linen N 44' 53' 23" V 954.20 foot to a point fa Middle VAreh breoh; chants down the said Brook with the general wanders thereof 8 37 54' 11" 9 UL031"t to a paint; thence 9 40' 31 OD" V 179.03 194 -- — BK620PGV94 12y CA.Z:..:. X-NKER & ASSOCATIES Lard Surveyors . En9nemf n Laid P~I Lawyers'Row ' Woodsock, VA MU 1703) 4594715 to a points thence 3 34' 16' 00" W 76,21 feet to a pointy thence 8 50' 31' 00" W 53.16 feat to a point; thence 8 40' 01 00" Y 100.30 fast to a point; these S 43' 01' 00" W 100.30 fact to a point; thence 8 41 46' 00" W 100.30 fact to a point; thence S 08' 31' 01" W 16.05 feet to a point: thence S 44' 46' 00" W 54.16 foot to a point; thence N 60' 26' DO" W 20.56 foot to a point; thence S 70' 49' 00" W 23.07 foot to a railroad spike act in State Route 1627; thence, down the said road and containing with the said Dye's Line 3 44' 22' 31" S 2,621.42 feet to a point LA State I , Route 4625, a comer with Retold G. Nichols; thence with the said road and the said Nichols' line S 48' 30' 14" W 834.12 feat to `& railroad spike out at a corner with I Mich N. Benner; thence with the said Semer's line S 48' 54' 38" W 569,68 feet to a planted lfaus[ona cock found at a corner with Vemie D. Garrett; then with the said I I Carratt's lines N 47 21' 22" W 1,346.03 feet to en iron_ pia, set; thence S 36' 29' V � ' 59" W 2,939.60 feet to an iron pin set at a corner with Janes R. Caaratt, et, -els.; thence with the said Garrett's line N 29' 54' 46" W 196.47 feat to an iron pin found at a comer with the Flintkote Co.; thence with the said Co.'s lines N 36' 34' 41" g 1,301.31 fact to in iron pin sat; thence 8 4l' 30'31" W 1,917.08 feet to an J Iran pin found by an old fence post; thence N 42' 39' 21" R 62.27 feet to an old fence post found at a fence comer; thence N 43' 20' 04" W 1,629.84 feet to the 4 !� point of beginning end containing 539.451 Acres oars or feu, t� This Tract of land was surveyed on June 25, 1986 by C. J. SINGER. JR., C.L.S. Frepared � j 'i L 1. tMa X s� I CARL I RINKEFi SID Ate.; a � ��� a�aa a. ;i 1ANOSOa' WAS-EN01REEt5 -UN AMNE88 I r� 54I7.31e)0102 �{ f LAWYERS ROW 9 WOODSTOM VA 22Ci6C� '! "8n LA>tio E PH 703.459.4715. t+b+� �� I. 1 'hv.l; S j --- 4A13IWJl IeinileCK COM,, SCL i 3iW rL.t ray .wr p.dnd b we ..,� p sod wnh c.dilk.l. o r E ..d�ssad l ��►... Wd ....,W. I 4 E rye+ 60011 4 16FAUE1 05 i75 -- -� THIS QUIT-CLAIM DEED, made and dated this day of W u.5 1 1984, by and between CHEMSTONE CORPORATION, an Ohio corporation, party of the first part, hereinafter called the Grantor, and CHEMSTONE CORPORATION, a Delaware corporation, party of the second part, hereinafter called the Grantee. WITNESSETH: That in consideration of the sum of Ten Dollars ($10.00) and other valuable considerations paid the Grantor by the Grantee on or before the delivery of this Deed, the receipt of all of which is hereby acknowledged, the Grantor does hereby quit -claim unto the Grantee all of its right, title and interest, in and to the following real estate: " All of those five (5),parcels of land in Davis Magisterial District, Shenandoah County, Virginia, - north of Fishers Hill, southeast of and adjoining - the right of way of the Southern Railway and south- west of Virginia Secondary Highway Route 639, being \. the approximately 99.313 acre aggregate of the remainder of the parcels conveyed to Chemstone Corporation, an Ohio corporation, by deed of assignment dated December 20, 1956, and recorded in the Office of the Clerk of the Circuit Court of Shenandoah County, Virginia, in Deed Book 187, at Page 472. IN WITNESS WHEREOF, CHEMSTONE CORPORATION, an Ohio corporation, has caused this instrument to be executed by its Vice President and attested by its Assistant Secretary in accordance with proper corporate resolution heretofore adopted. CHEMSTONE CORPORATION BY �,. ,,. (SEAL) _ - Vicef.Preside_nt L MOXANAN. Emou ATTEST: ' 1XAN k MITCHELL ROPPCY. AT 4W TEAlHP4. VIPOIN4 ICXCCTEP. VIP GINN Assistan S cretary / EBUK 476 TATE OF OF to -wit: T , . . ° I, v a Notary Public in and for the State and jurisdicti aforesaid, do hereby certify that e• , whose name is signed as Vice President of CHE STONE CORPORATION, to the foregoing instrument, instrument, bearing date on the * day of , 1984, has personally appeared before me and acknowledged the same in my State and jurisdiction aforesaid. Given under my hand this _V day / of 1984. My Commission expires � . eP NJOTA17 PUBLI Mf Gb:nmcsion cx]ir , Ja. 22. 0e; SA:NANWAN pNmT. M men; TWO. was'."'d al the The Ixr,Ma( mi:int T�dI cutiliate el uJlmnkd4 Clni:]9¢e al aFS WanI:.Thm:M:o lewld Tnd lndeaed. The lam'vmpme,lq Se ... and lhi of :M Cade hssa W Csid. Q'' [9 this nt of G n CWk �k`� M. lone: MONAxAN. Excs[ INAN R MITCx6i I...N .1T 4W Me.... VIIIOIN4 ¢xcaax. nnolxu 2 BOOx 4 (6nodfl1 I �- ' - 3 - 12 THIS DEED, made and dated this 1st day of August, 1984, X13 Sy and between CHEMSTONE CORPORATION, an Ohio corporation, party of the first part, hereinafter called the Grantor, and CHEMSTONE CORPORATION, a Delaware corporation, party of the second part, hereinafter called the Grantee. WITNESSETH: That in consideration of the sum of Ten Dollars ($10.00) and other valuable considerations paid the Grantor by the Grantee on before the delivery of this Deed, the receipt of all of which is hereby acknowledged, the Grantor hereby grants and conveys, with special warranty (except that Grantor does not warrant the accuracy of the attached plats and surveys), unto the Grantee in fee simple, the following.described real estate, together with all rights of way, privileges and appurtenances thereto belong- ing and subject to all easements, rights of way and legally enforceable restrictions affecting such realty: TRACT ONE: So much of the property of the party of�irst part lying and being in Opequon Magisterial District, Frederick County, Virginia, and Davis Magisterial District, Shenandoah County, Virginia, as contains 894.892 Acres, as is shown on a plat and survey of Carl J. Rinker and Associates, certified land surveyors, dated July 24, 1984, attached hereto, to be recorded here- with, and to be read as a part hereof for a more accurate description of the property herein con- veyed. For derivation of the title to said property, see the deeds appearing of record in the Office of the Clerk of Shenandoah County, Virginia, to -wit: - Deed Book 308, Page 756;-Deed Book 430, Page 442; 1 Deed Book 270, Page 365; -Deed Book 217, Page 591; Deed Book 199, Page 378;-Deed Book 377, Page 135; Deed Book 199, Page 162;-Deed Book 199, Page 374; Deed Book 244, Page 143;' °Deed Book 187, Page 472; 'Deed Book 274, Page 634. TRACT TWO: All that certain parcel of land lying and situate in Davis Magisterial District, Shenandoah County, Virginia, and said to contain 0.398 Acres, more or less, as is shown on a plat and survey of Carl J. Rinker and Associates, certified land surveyors, dated July 24, 1984, attached hereto, to be recorded herewith, and to be read as a part hereof for a more accurate . BOOK 4 1 6PAG• z description of the property herein conveyed; and being the same property conveyed to the Grantors herein by deed of record in the Office of the - Clerk of Shenandoah County, Virginia, in Deed Book_ 274, at Page 634. Less and excepting therefrom 0.007 acres more or less, as shown on that plat and survey of P. Duane Brown, C.L.S., dated December 14, 1981, and attached to that certain deed dated the 6th day of May, 1982, from Chemstone Corporation, an Ohio corporation; to the �b Board of Supervisors of Shenandoah County, A IL Virginia, not yet of record. " IN WITNESS WHEREOF, CHEMSTONE CORPORATION, an Ohio corporation, has caused this instrument to be executed by its Vice President and attested by its Assistant Secretary in accordance with proper,corporate resolution heretofore adopted. "'�'. CHEMSTONE CORPORATION BY TS odual li ce PE55Xde t '� c ATTEST: I rp J1 „-3 - - .Assistant •C r \. TA�^a, TE OF NEW JERSEY to -wit: i I, a Notary Public in and for the State an urisdicti aforesaid, -do hereby certify that LES. C. VINNEY, whose name is signed as Vice President of CHEMSTONE CORPORATION, to the foregoing instrument, bearing date on the 1st day of August, 1984, has personally appeared before me and acknowledged the same in my State and jurisdiction aforesaid. Given under my hand this 3 Or" 4 day of , 1984,:' ` "�N Cr: My Commission expires 3w• O % 0 NOTAY PUBL •%, • p 1:F' sxtnu¢oax mm:n, a roe !aria; .dtir; :n:n cr•. +.; av A r..wa.4�meel tsnew .es rt[eiuW xl ;Ae - - . _.. -. ... U- 4'si -0kc lid lywU. x .`.T.co :o rt..vd andindnM. The te6" i ,,d b,.F 1. Idy COmrcissip�upir ^s CC: Zi. :3d7 53-5A. lal alai Ib)I of . fare ;m c en p.m. 6 Iha dtl .1 19 p �M: Teste:. G.\ c d - mss. BOOK 476PAGE103 `8 Zral24 ° yobbis p ti i q8 �t d °a d - mss. °a r jfi VR � Se1 ai 1 ;e i J 8L m m \ E ii Biid tt: e'I� 7 _ 11 11 � it ,�I IIII L = BOOK 476PAGE103 `8 Zral24 Z V ow °a °a r jfi VR � Se1 ai 1 ;e i J 8L m m \ E ii Biid tt: e'I� 7 _ 11 11 � it ,�I IIII L = `8 x2; °a r ;a tt <B R N Tie.y. T VI �i a � �4 I( . � G N67e49'30'E'10.20• G�� G c� ,• S20. 56 WE 59 N 2O.56 3089 .. C . S 57.49 w W 102 S, // V G a �>,s ap LNO TITLE DEPORT FURNISHED. NISHED. ra 2. EASEMENTS OR RIGHTS P .�, P. DUANE • y OTHER T N SHOWN . • C• BRIM V.4/Ywa- �rr� 3. OoAF E M RTME OWNERS ARE lIOW NJ. 1285 O 4N0 FIELD SURVEY. NAS SEEN DONE y C OR LS IMPLIED. ALL INFORMATION, yep I.IN0 6JE SHOWN IS BASED•ON AVAILABLE , PLATS AND RECORDS. PLAT OF o` ° 0007 ACRES REF D.B.7T4 PG . ',�3f' ,q . N EELOWNG TO CHFMSTOyE COR . . '� DAVIS IjAGIS7ERIAL DISTRICT :3 �'`\f,7 ^ ^` os• c SHENANDOAH CO•. VIRGINIA g k . � � . DECEMBER 14 1.1981 SCALE: I 10d 01. 1. 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OK620PGIt 2707r- 6/27/86 DEED ✓� \ THIS DEED OF BARGAIN AND SALE made this day of June, 1986, between UNITED STATES STEEL CORPORATION, a corporation organized and existing under the laws of the State of Delaware ( "Grantor ") and CHEMSTONE CORPORATION, a corporation organized and existing under the laws of the State of Delaware ( "Grantee "). .WITNESSETH: That for and in consideration of the sum of Three Hundred Fifty Thousand Dollars ($350,000.00) paid by Grantee to Grantor, the receipt whereof is hereby acknowledged, the Grantor does hereby grant, bargain, . sell and convey,with r- SPECIAL WARRANTY OF TITLE unto the Grantee in fee simple, 9 together with all rights, privileges and appurtenances thereunto belonging: All that tract of land, located about 1.5 ( miles northwest of Middletown on Virginia State Routes #625, #627 and #758, and situate in Opequon Magisterial District, Frederick County, Virginia, containing 539.451 acres, more or less, as more particularly described by that plat and description by C. J. Rinker, Jr., C.L.S., dated June 25, 1986, a copy of which is attached hereto and by this reference made a part hereof which land is described by metes and bounds as follows: Beginning at an iron pin set on the Southeast side of State Route #758 and a corner with Flintkote Co.; thence with the Southeastern lines of the said road N 39" 53' 03" E 506.05 feet to an iron pin set; thence N 38° 51' 18" E 423.76 feet to an iron pin set; thence N 39 " 32' 58" E 640.55 feet to an iron pin set; thence N 39 56' 01" E 1,296.56 feet to a point in the center of State Route #627 and a corner with Kenneth P. Boyer; thence with the general centerline of the said road and the said Boyer's lines N 58° 34' 51" W 24.61 feet to a railroad spike found; thence N 71 51' 15" W 762.00 feet to a point, a corner with Wanda R. Proescher; thence with the said Proescher's lines N 48 10' 25" E 1,030.98 feet to an iron pin set in an old broken off fence post, at an old fence corner; thence S 42° 53' 33" E 198.00 feet to an iron pin set at an old fence corner; thence with another of the said Proescher's lines and continuing with Garland N. Snapp, et. als. line N 48° 03' 52" .( E 1,774.42 feet to an iron pin set at a corner with J. J. Pickeral; thence with the said Pickeral's lines S 56° 49' 53" E 3,699.27 feet to an iron pin set; thence S 33° 20' 32" W 1,675.02 feet to an iron pin found; 0 8KG20PG187 thence S 47" 56' 38" W 578.15 feet to an iron pin set at an old fence corner, a corner with Richard A. Dye; thence with the said Dye's lines N 44 53' 23" W 954.20 feet to a point in Middle Marsh Brook; thence down the said Brook with the general meanders thereof S 57" 54' 13" W 321.85 feet to a point; thence S 40" 31' 00" W 179.03 feet to a point; thence S 34" 16' 00" W 76.22 feet to a point; thence S 50" 31' 00" W 53.16 feet to a point; thence S 40" 01' 00" W 100.30 feet to a point; thence S 43" 01' 00" W 100.30 feet to a point; thence S 41 46' 00" W 100.30 feet to a point; thence S 08 31' 01" W 16.05 feet to a point; thence S 44 46' 00" W 54.16 feet to a point; thence N 60° 26' 00" W 20.56 feet to a point; thence S 70" 49' 00" W 23.07 feet to a railroad spike set in State Route #627; thence down the said road and continuing with the said Dye's line S 44 22' 31" E 2,621.42 feet to a point in State Route #625, a corner with Harold G. Nichols; thence with the said road and the said Nichols' line S 48 30' 14 W 834.12 feet to a railroad spike set at a corner with Edith M. Renner; thence with the said Renner's line S 48 54' 38" W 569.68 feet to a planted limestone rock found at a corner with Vernie D. Garrett; thence with the said Garrett's lines N 47 21' 22" W 1,346.03 feet to an iron pin set; thence S 36" 29' 59" W 2,939.60 feet to an iron pin set at a corner with James H. Garrett, et. als.; thence with the said Garrett's line N 29 54' 46" W 196.47 feet to an iron pin found at a corner with the Flintkote Co.; thence with the said Co.'s lines N 36" 34' 41" E 1,301.31 feet to an iron pin set; thence N 41" 30' 31" W 1,917.08 feet to an iron pin found by an old fence post; thence N 42" 39' 21" E 62.27 feet to an old fence post found at a fence corner; thence N 43" 20' 04" W 1,629.84 feet to the point of beginning and containing 539.451 Acres more or less. The aforesaid property is the same property conveyed to United States Steel Corporation by the following deeds: (1) Deed dated January 29, 1955, from Vernie D. Garrett, et vir, recorded in the Clerk's Office of the Circuit Court for Frederick County, Virginia, in Deed Book 235, at Page 112; (2) Deed dated January 29, 1955, from Irvan T. O'Connell, et ux, recorded in the aforesaid Clerk's office in Deed Book 235, at Page 114; (3) Deed dated January 29, 1955, from J. J. Pickeral, et ux, recorded in the aforesaid Clerk's Office in Deed Book 235, at Page 117; and (4) Deed dated March 31, 1955, from Paul G. Cooley, et als, recorded in the aforesaid Clerk's Office in Deed Book 236, at Page 37; LESS AND EXCEPT the property conveyed -2- Oil • BK620PG188 by Grantor to the Commonwealth of Virginia for the widening and improvement of a portion of Route 758, recorded in the aforesaid Clerk's Office in Deed Book I 410, at Page 542, and a tract of land containing 32.529 acres, more or less, conveyed by Grantor to J. J. Pickeral, et ux, by deed dated February 9, 1956, and recorded in the aforesaid Clerk's Office in Deed Book 240, at Page 176. Grantor hereby reserves to itself, its successors and assigns a royalty on all limestone or dolomite produced from the property described in Tracts I, II, III and IV above and either (a) sold, (b) crushed, sized and sold or (c) after having been crushed and sized, processed for sale by any other process, such as introduction to Grantee's kilns. The royalty shall be paid quarterly on the 25th day of the month following the last month of each calendar quarter during a calendar year and will be the product resulting from multiplying $0.025, hereinafter referred to as the "Reference Rate ", by the total net tons of 2,000 pounds each which are (a) sold, (b) crushed, sized and sold, or (c) after having been crushed and sized, processed for sale by any other process, during each calendar quarter during the term of this Agreement. No royalties shall be payable on unsold or unusable by- product unless or until sold or used. The Reference Rate referred to in the preceding paragraph shall be adjusted for each year to take account of the variation in the average annual price for Lime in the United States as determined by the United States Department of the Interior, Bureau of Mines. The value of this average price for Lime for 1985 will constitute the base for determination of the adjustment to the Reference Rate, but in no event will the Reference Rate be less than $0.025. For the purpose of such adjustment, it is agreed that the -3- C_ Oil 0 OX62OPGI89 average price for Lime for 1985 is $50.50 per net ton of 2,000 pounds. The adjusted Reference Rate for any particular calendar year shall be an amount which bears the same ratio to $.025 as the average price per ton for lime for such year bears to $50.50. Expressed as a formula, the adjusted Reference Rate (x) would be determined as follows if the average price of lime increased to $60: $ 60,QO X $50.50 = $.025 X = $.0297 In the event that the United States Department of the Interior, Bureau of Mines or a successor agency of the United States Government ceases to publish an average annual price for Lime, the Reference Rate will be adjusted according to the variation in average annual price for Lime produced from the premises determined on an F.O.B. basis for any calendar year after 1985. When mining has occurred, Grantee shall furnish within twenty -five (25) days after the end of each calendar quarter of any calendar year to Grantor reports of production from the property and of limestone or dolomite sold or processed for sale during that quarter and within 45 days after the end of each calendar year Grantee shall furnish maps and sections to enable Grantor to verify the reported production. Grantor shall be entitled to audit such reports and other supporting data. Should Grantee and Grantor be unable to agree as to what production has occurred, then Grantee and Grantor agree to submit such issue to binding arbitration. Each party shall select one arbitrator familiar with the production of limestone and the two arbitrators selected shall choose a third arbitrator familiar with the production of limestone to act as chairman. Both parties shall be bound by the decision of the arbitrators. Each party shall bear all of the fees -4- 01 0 -5- BK 62OPG190 and expenses of its own arbitrator and pay one -half of the fee and expense of the third 'arbitrator. This conveyance is made subject to all roads and highways and the restrictive covenants, conditions and rights of way of record affecting the property hereinbefore described. - FAttestc :....',." UNITED STATES STEEL CORPORATION i KAsskstant Secr_etary.. G. Colombari ! s .� ' 1Is'• ^" Senior vice President- : Steel Related Resources -5- * i 0 BK620PC191 COMMONWEALTH OF PENNSYLVANIA ) ) SS: COUNTY OF ALLEGHENY ) On this °RV� day of June, 1986, before me, a Notary Public in and for said County, personally appeared G. Colombari, who acknowledged himself to be Senior Vice President -Steel Related Resources of United States Steel Corporation, a corporation, and he, as such officer, being authorized to do so, executed the foregoing instrument for the purposes therein contained by signing the name of the Corporation by himself, as such officer. bi IN WITNESS WHEREOF, I hereunto set my hand and" official seal. �.• - . Notary Publie 9DIS A WRf, Nchry Pubic _. PmsEur/h. AIINheny Cav* � -° Ce+nnwnneaAh cl Penn Sy Maria .:VJ My Commission Expires M,Uauniu -FO eIh ;91989 „� `..•jp�, —6—