Estate of James G. Frazier, Deceased, James G. Frazier Jr., Executor - Page 6




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               into the ground approximately 8 feet deep.  The structure              
               has a dirt floor and covers an area of 39 by 51 feet.                  
          11. Asphalt paving:  The paving covers approximately 40,000                 
               square feet in driveways and parking and processing areas.             
               The paving is approximately 4 inches thick.  The asphalt               
               covers most of the 5 acres leased, excluding those areas               
               that have a concrete foundation.                                       
          The foundation of each improvement is either an asphalt layer               
          that is approximately 4 to 5 inches deep, and/or a concrete layer           
          that is approximately 1 foot deep.3   A forklift or backhoe would           
          be used to remove the blacktop in 5 to 6 feet-wide chunks.  To              
          remove the concrete, a jackhammer would have to be used to break            
          the concrete into pieces.  To remove the support poles, a 30-ton            
          forklift would pull out the poles after the blacktop or concrete            
          is broken.                                                                  
               Decedent discontinued his active participation in the                  
          operations of FNF when he discovered he had cancer in 1988 or               
          1989.  By 1992, decedent’s son became FNF’s chief executive                 
          officer, decedent’s daughter, Heidi, became the FNF                         
          secretary/treasurer, and decedent’s son-in-law, Steve, became the           
          vice president.  Decedent and his family never anticipated that             
          FNF would ever leave the premises.                                          

               3  The concrete layer is approximately 6 to 8 inches thick             
          above the surface, then another 6 to 8 inches deep below the                
          surface.                                                                    





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Last modified: May 25, 2011