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Introduction
UMTH Land Development, L.P. (referred to in these Terms of Use as the Company, we, us, or our) have created these Terms of Use in order to provide important disclosures and set forth the rights and obligations of the Company and you with respect to our web site, www.udfonline.com (the Web Site), the products and services of the Company, and the products and services of our parent companies, subsidiaries, affiliates and affiliated funds.

IMPORTANT DISCLOSURES -- PLEASE READ CAREFULLY

Securities Law and Offerings

Please consult your tax and/or your financial advisor for more information on how these products pertain to your particular investment strategy. This Web Site may contain forward-looking statements, within the meaning of Section 27A of the Securities Act of 1933 and 21E of the Securities Exchange Act of 1934, including discussion and analysis of the financial condition of the certain issuers of securities, anticipated capital expenditures required to complete certain projects, amounts of anticipated cash distributions to investors in the future and certain other matters. Readers of this Web Site should be aware that there are various factors that could cause actual results to differ materially from any such forward-looking statements, which include, but are not limited to, changes in general economic, business and market conditions, changes in federal and local laws and regulations, increased competitive pressures, changes in real estate conditions, construction costs which may exceed estimates, construction delays, and increases in interest rates.

For more information about Company investments, including investment policies, charges, and expenses, ask your financial advisor for a free prospectus, click here to view or download a prospectus, or call toll free at 1-800-859-9338. Please read any such prospectus carefully before you invest or send money. There can be no assurance that the objectives of any Company investment stated in this presentation will be achieved. The share or unit values of the Company funds will fluctuate based on the values of the underlying assets and there is no guarantee that past performance will be the same as future results. There is no assurance that a secondary market will exist for Company funds or securities.

Not an Offer to Sell Securities
The material in this Web Site does not constitute an offer to sell, nor a solicitation of an offer to buy the securities described herein. Such an offering is made only by means of a prospectus. This material must be read in conjunction with the prospectus in order to understand fully all the implications and risks of any offering of securities to which it relates. To obtain a paper copy of the prospectus free of charge, call toll free at 1-800-859-9338.

Risks and Suitability
An investment in securities of a Company fund is subject to significant risks that are described in more detail in the "Risk Factors" and "Conflicts of Interest" sections of the prospectus of the applicable fund. Investments in Company funds are not suitable for all investors. Refer to the applicable prospectus, as amended, for a detailed discussion of risks and suitability standards for your state.

An investment in United Development Funding III, L.P. (UDF III) involves significant risks, including the following:

There is no public trading market for UDF III units, and UDF III cannot assure you that one will ever develop. In addition, UDF III imposes substantial restrictions on the transfer of units, and thus, until the units are publicly traded, you will have difficulty selling your shares, and even if you are able to sell your shares, you will likely have to sell them at a substantial discount.

UDF III has no prior operating history or established financing sources, and the prior performance of real estate programs sponsored by affiliates of UDF III may not be an indication of UDF IIIs future results.

This is a blind pool offering because UDF III has not yet identified any loans that it intends to originate or purchase. You will not have the opportunity to evaluate UDF III's loans prior to their origination or purchase. You must rely totally upon UDF III's general partners ability to select the UDF III investments.

UDF III intends to make loans and provide credit enhancements to affiliates of its general partner. UDF III's general partner will have a conflict of interest in determining whether any such loan or credit enhancement transaction is in UDF III's best interests. Moreover, so long as it determines that it is advisable to do so in the exercise of its fiduciary duties to UDF III, UDF III's general partner may cause UDF III to make a loan or provide a credit enhancement to one of its affiliates in connection with a development in which such affiliates of UDF III's general partner hold an interest instead of another development in which affiliates of the general partner do not hold an interest.

The diversification of UDF III's investments will be reduced to the extent that UDF III sells less than all of the units it is offering for sale. There is a greater risk that you will lose money in your investment if UDF III cannot diversify its investments.

UDF IIIs ability to achieve its investment objectives and pay distributions depends on the performance of its general partner in the day-to-day management of UDF III's business and the identification of real estate loans and the determination of any financing arrangements. UDF III cannot be sure that its general partner will be successful in obtaining suitable investments on financially attractive terms or that, if it makes investments on UDF IIIs behalf, UDF III's objectives will be achieved.

UDF III will pay significant fees to its general partner and its affiliates, some of which are payable based upon the success of UDF IIIs offering of securities and are not affected by the quality of services provided to UDF III or whether or not UDF III's investments become profitable.

UDF III's general partner and its affiliates will face various conflicts of interest resulting from their activities with affiliated entities, such as conflicts related to allocating investments between UDF III and other affiliated programs, conflicts related to any joint ventures between UDF III and any such other programs and conflicts arising from time demands placed on UDF IIIs general partner or its affiliates in serving other affiliated programs. Such conflicts may not be resolved in UDF III's favor, which could cause its operating results to suffer.

UDF III's general partner is responsible for the management of UDF III. Although it is not required to do so, UDF III anticipates that its general partner will fund UDF III's operations until UDF III has made its initial investments and for a period of time thereafter. UDF III's general partner has a net worth that is limited in amount, substantially illiquid and not readily marketable. Accordingly, UDF III cannot guarantee that its general partner will have sufficient cash to make any payments required to support UDF III.

Real estate-related investments are subject to general downturns in the industry as well as downturns in specific geographic areas. Because most of UDF III's assets will be mortgage loans, the failure of a borrower to pay interest or repay a loan will have adverse consequences on UDF III's income. Increases in single-family mortgage interest rates could cause the number of homebuyers to decrease which would increase the likelihood of defaults on UDF III's development loans and, consequently, reduce UDF III's ability to pay distributions to its limited partners. If the value of the underlying property declines due to market or other factors, it is likely that the borrower would hold a property that is worth less than the mortgage balance on the property. As such, there may be greater risk of default by borrowers who enter into interest-only loans. In the event of a default, UDF III would acquire the underlying collateral, which may have declined in value. In addition, there are significant costs and delays associated with the foreclosure process. Accordingly, UDF III cannot guarantee that your investment will appreciate or that you will receive any cash distributions.

UDF III may incur substantial debt. Should UDF III decide to use leverage to fund loans, it expects that the total amount of indebtedness it will incur at any given time will not exceed 50% of its total invested capital. However, UDF III is permitted by its partnership agreement to borrow up to 70% of the aggregate fair market value of all of its mortgage loans. Loans UDF III obtains will likely be secured with recourse by the lending bank to all of its assets, which will put those assets at risk of forfeiture if UDF III is unable to pay its debts.

Rules of taxation of partnerships such as UDF III are complex and uncertain. UDF III does not intend to request or to obtain a ruling from the Internal Revenue Service as to any of the material tax consequences of an investment in its units and will rely on an opinion of counsel as to certain tax consequences. Counsel will give an opinion as to some, but not all, of the material tax consequences, and UDF III will not have an opinion or a ruling with respect to some of the material tax consequences of an investment in UDF III.

The vote of limited partners owning at least a majority of UDF IIIs units will bind all of the limited partners as to certain matters such as the removal of UDF III's general partner and the amendment of its limited partnership agreement. You will be bound by the majority vote on matters requiring approval of a majority of the units of limited partnership interest even if you do not vote with the majority on any such matter. Therefore, you will have little to no control over UDF III's day-to-day operations.

WEB SITE TERMS AND CONDITIONS

The Company, as a Delaware limited partnership and the general partner of UDF III, makes this Web Site available to you for your information and as background for the products and services of the Company and its parent companies, subsidiaries, affiliates and affiliated funds, subject to the following terms and conditions: This Web Site is offered by the Company, as a convenience to: (1) users of the Web Site; (2) a variety of legally and financially separate entities affiliated with the Company which may be either parent companies or subsidiaries of the same entity, affiliates of each other or share common ownership; and (3) legally and financially separate entities that: (i) were or are sponsored or advised by the Company; or (ii) have some common ownership with the Company or from time to time may maintain business relations with the Company. Most of the entities described above are licensed to use the names United Development Funding and related logos. The Company and each other entity described above are separate legal entities and no legal or financial relationship is to be implied between or among any such entities.

By accessing the information through the Web Site made available at www.udfonline.com, you agree on behalf of yourself, and any and all persons, companies and legal entities ("your principals") that you represent, if any, and any and all employees and agents thereof (collectively, "you" and "your") that you have read and agree to use the Web Site in accordance with these Web Site terms and conditions ("Terms and Conditions") and the Web Site Privacy Policy available for viewing on the Web Site (click here to view) and hereby incorporated by reference. Your continued use of the Web Site means that you agree that these Terms and Conditions legally bind you in the same manner that a signed, written, non-electronic contract does. You should not use the Web Site in any manner or attempt to access the Web Site if you are not willing to be bound and abide by these Web Site Terms and Conditions. Your continued use of the Web Site also means that you represent and warrant that you are able to enter into legally binding contracts and that you are authorized by your principals, if any, to (i) use the Web Site; and (ii) to agree to these Terms and Conditions as a legally binding contract on behalf of you and your company (or legal entity, as applicable). For purposes of the Terms and Conditions, the term "Web Site" includes, without limitation, those parts of the Web Site that you can access based on your account with the Web Site, if any, including, without limitation, the publicly available content, materials and information, and any portion thereof, and any other information or materials that may be available to you if you have created an account with the Web Site (collectively, "Content").

1. LICENSE TO THE CONTENT. The Company grants you a limited, nonexclusive, nontransferable license during the Term (defined below) to access the Web Site solely to display the Content for informational purposes only and to print and/or save copies of the Content with or on your personal computer, solely for your use in obtaining information regarding the Company. Any other use of the Content or the Web Site is expressly prohibited. All other rights in the Content and the Web Site are reserved by the Company and its licensors. The Company reserves all rights in the Web Site and you agree these Terms and Conditions do not grant you any rights in or licenses to the Web Site, except for this express, limited license. You will not otherwise copy, transmit, distribute, sell, license, de-compile, reverse engineer, disassemble, modify, publish, participate in the transfer or sale of, create derivative works from, perform, display, incorporate into another Web site, or in any other way exploit any of the Content or any other part of the Web Site or any derivative works thereof, in whole or in part, for commercial or non-commercial purposes without the express prior written permission of the Company. Without limiting the foregoing, you will not frame or display the Web Site (or any part of the Web Site) as part of any web site or any other work of authorship without the express prior written permission of the Company.

2. PRODUCTS AND SERVICES. The information regarding the Company provided on the Web Site may change at any time. In addition, eligibility or suitability requirements may apply for access to this information or any transaction with or regarding the Company and they may not be available in all geographic areas.

3. WEB SITE ACCURACY. Although the Company has tried to provide accurate and timely information on the Web Site, please be aware that the Web Site (including, without limitation, the Content) may not always be entirely accurate, complete or current and may also include technical inaccuracies or typographical errors. The information published on the Web Site is provided as a convenience to visitors and is provided for informational purposes only. Accordingly, you should verify all information before relying on it, and all decisions based on information contained in the Web Site are your sole responsibility and the Company shall have no liability for such decisions. If you need specific details about any information contained in our web site, you should contact the Company as provided in the "Contact Us" section of the Web Site.

4. WEB SITE RESTRICTIONS. As a condition of your use of the Web Site, you represent and warrant that you shall not use the Web Site for any purpose that is unlawful or that is prohibited by these Terms and Conditions. You will not submit any false, misleading or inaccurate information to the Web Site. You will abide by all applicable local, state, national and international laws and regulations and you shall be solely responsible and liable for all of your acts or omissions that occur while you use the Web Site. By ways of example, and not as a limitation, you will not use the Web Site to:

(a) Defame, abuse, harass, stalk, threaten or otherwise violate or infringe the legal rights (such as, but not limited to, rights of privacy, publicity and intellectual property) of others;
(b) Publish, distribute or disseminate any harmful, inappropriate, profane, vulgar, infringing, obscene, tortious, indecent, immoral or otherwise objectionable material or information;
(c) Transmit or upload any material to the Web Site that contains viruses, trojan horses, worms, time bombs, cancelbots, or any other harmful or deleterious programs;
(d) Interfere with or disrupt the Web Site networks or servers;
(e) Harvest or otherwise collect information from the Web Site about others, including, without limitation, e-mail addresses, without proper consent;
(f) Use the account, login identification, or password of another party to access the Web Site;
(g) Otherwise attempt to gain unauthorized access to the Web Site, other accounts, computer systems or networks connected to the Web Site, through password mining or any other means; or
(h) Interfere with another individuals or entitys use or enjoyment of the Web Site.

The Company has no obligation to monitor your use of the Web Site or retain the content of any of your sessions on the Web Site. By transmitting information through the Web Site, you accept the risk that such information as well as any information that we transmit to you, may be intercepted by third parties. In addition, messages that you send to us by e-mail may not be secure. We recommend that you do not send any confidential information to us by e-mail. If you choose to send any confidential information to us via e-mail, you accept the risk that this information may be intercepted by a third party. The Company reserves the right at all times to monitor, review, retain and/or disclose any information as necessary to satisfy any applicable law, regulation, legal process or governmental request or as otherwise may be legally permissible.

5. DISCLAIMER OF WARRANTIES. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, THE COMPANY EXPRESSLY DISCLAIMS ALL WARRANTIES OF ANY KIND, INCLUDING, WITHOUT LIMITATION, THOSE REGARDING ANY CONTENT OR OTHER INFORMATION ACCESSED THROUGH THE WEB SITE, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, NON-INFRINGEMENT AND ANY IMPLIED WARRANTIES ARISING OUT OF COURSE OF PERFORMANCE, DEALING, OR TRADE USAGE. NO MATERIALS OR OTHER ADVICE OR INFORMATION, WHETHER ORAL, WRITTEN OR IN ANOTHER FORM, OBTAINED BY YOU THROUGH THE WEB SITE OR OTHERWISE, WILL CREATE ANY WARRANTY NOT EXPRESSLY PROVIDED IN THESE TERMS AND CONDITIONS. YOU UNDERSTAND AND AGREE THAT ANY MATERIAL AND/OR DATA DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF OR FROM THE WEB SITE IS DONE AT YOUR OWN DISCRETION AND RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF SUCH MATERIAL AND/OR DATA. YOU EXPRESSLY AGREE THAT YOUR USE OF THE WEB SITE IS AT YOUR SOLE RISK. THE WEB SITE IS PROVIDED TO YOU AS IS.

6. LIMITATIONS OF LIABILITY. TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, YOU AGREE THAT THE COMPANY AND THEIR RESPECTIVE OFFICERS, DIRECTORS, MANAGERS, ADVISORY BOARD MEMBERS, EMPLOYEES, CONTRACTORS, AND AGENTS (INCLUDING, WITHOUT LIMITATION, ANY BROKER DEALER ENTITIES THAT PROVIDE PRODUCTS OR SERVICES FOR YOU ARISING OUT OF, OR SEPARATE FROM, YOUR USE OF THE WEB SITE) (COLLECTIVELY, COMPANY PARTIES) SHALL NOT HAVE ANY LIABILITY TO YOU FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR EXEMPLARY DAMAGES, DAMAGES FOR LOSS OF PROFITS, GOODWILL, USE, DATA OR OTHER INTANGIBLE LOSSES THAT ARISE OUT OF OR RELATE TO THE WEB SITE OR THESE TERMS AND CONDITIONS. IN NO EVENT WILL THE TOTAL, AGGREGATE LIABILITY OF THE COMPANY PARTIES FOR DAMAGES OF ANY TYPE, EXPENSES OR LOSSES UNDER ANY CLAIM, CAUSE OF ACTION, LAWSUIT OR PROCEEDING ARISING OUT OF OR RELATING TO THESE TERMS AND CONDITIONS OR THE WEB SITE EXCEED FIVE HUNDRED DOLLARS ($500). THE LIABILITY LIMITATIONS IN THIS SECTION SHALL APPLY REGARDLESS OF WHETHER THE CLAIM, CAUSE OF ACTION, LAWSUIT OR PROCEEDING IS BASED IN CONTRACT, TORT, NEGLIGENCE, STRICT LIABILITY OR OTHERWISE, AND REGARDLESS OF WHETHER THE COMPANY HAS BEEN ADVISED OF THE POSSIBILITY OF THE APPLICABLE DAMAGES. AS SUCH, YOU ACKNOWLEDGE AND AGREE THAT THIS LIMITATION OF LIABILITY APPLIES EVEN TO ANY NEGLIGENCE OF THE COMPANY PARTIES.

7. LINKS WITH OTHER WEB SITES. The Company may provide links to other web sites or resources (Linked Sites). You acknowledge and agree that the Company has no control over and is not responsible for the Linked Sites. The Companys reference to or use of tangible or intangible asset, property, a product, service, or process does not imply the Companys recommendation, approval, affiliation, or sponsorship of that respective asset, property, product, service, or process. You agree that the Company shall not be responsible or liable, directly or indirectly, for any damage or loss arising out of or relating to the Linked Sites, including, without limitation, content, property, goods or services available on the Linked Sites. Links to the Web Site are not permitted without the express prior permission of the Company.

8. INDEMNIFICATION. You agree to defend, indemnify, and hold the Company harmless from any and all damages, costs and expenses, including, without limitation, reasonable attorneys' fees, arising out or relating to any and all third party claims, demands or allegations arising out of or relating to your use of the Web Site, including, without limitation, arising out of or relating to your violation of the Terms and Conditions, any applicable laws, or your violation of any rights of a third party.

9. MODIFICATIONS. The Company may change the Terms and Conditions from time to time. The Company will require your assent to the revised Terms and Conditions. If you do not provide such an assent, such as through clicking the applicable "I Agree" button, among other methods, then your use of the Web Site will terminate in accordance with Section 12 below. The Company reserves the right to modify or temporarily discontinue your access to the Web Site or parts thereof, with or without notice to you. You agree that the Company shall not be liable to you or any third-party for any modification to the Web Site or your access to the Web Site.

10. INTERNET ACCESS. To use the Web Site, you must, at no cost to the Company: (a) provide for your own access to the World Wide Web and pay any service fees associated with such access; and (b) provide all equipment necessary for you to make such connection to the World Wide Web, including, without limitation, a computer and modem or broadband Internet connection.

11. INFORMATION RELATING TO FUND SECURITIES. Certain of the information contained in the Web Site relates to United Development Funding III, L.P. (UDF III), who has made or is currently making a public offering of its securities. The securities are being offered by select members of the National Association of Securities Dealers, Inc. (NASD). UDF III was formed on June 13, 2005. Unless otherwise expressly stated, the assets depicted on the Web Site are for illustrative purposes and are not owned, or intended to be acquired, by UDF III or any of the developers with whom it does business. There can be no assurance that UDF IIIs investment objectives will be achieved.

A copy of the current version of the UDF III prospectus is available on the Web Site. For those considering an investment in UDF III, the Web Site must be read in conjunction with the prospectus in order to fully understand all the implications and risks of the offering of the securities to which it relates. For additional prospectuses, please call the Company at 1-800-859-9338. An investment in the securities of UDF III is subject to substantial risks. These risks include absence of a public market for these securities, lack of an operating history or established financing sources, absence of mortgage loans identified for acquisition, limited transferability and lack of liquidity, possibility of substantial delay before distributions are made, the possibility that UDF III will incur substantial debt, reliance on UDF III's general partner, payment of significant fees to the general partner and its affiliates, potential conflicts of interest, and lack of diversification in mortgage loans until significant funds have been raised. An investment in UDF III is not suitable for all investors. Refer to the prospectus for a more detailed discussion of risks.

This Web Site is neither an offer to sell nor the solicitation of an offer to buy any security, which can be made only by the prospectus, filed or registered with appropriate state and federal regulatory agencies, and sold by broker dealers authorized to do so. No regulatory agency has passed on or endorsed the merits of the offering of securities by UDF III. Any representation to the contrary is unlawful. Consult the prospectus and subscription document for suitability standards in your state.

12. TERMINATION. The term ("Term") of these Terms and Conditions shall be until either you or the Company terminates your Web Site account, if applicable, with or without cause at any time and effective immediately. The Company may additionally, in its sole discretion, immediately terminate these Terms and Conditions, and your access to the Web Site should you fail to adhere to these Terms and Conditions. You agree that the Company shall not be liable to you or any third party for termination of these Terms and Conditions or access to the Web Site. Should you object to any terms or conditions of these Terms and Conditions or any subsequent modifications to these Terms and Conditions or become dissatisfied with the any part of the Web Site in any way, your sole and exclusive remedy is to immediately: (1) terminate use of the Web Site; and (2) notify the Company in writing of your termination of your agreement to these Terms and Conditions. Upon expiration of the Term or termination of these Terms and Conditions, your license rights to the Web Site immediately cease. Sections 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17 and 18 will survive and remain in full force and effect after termination.

13. ARBITRATION. You agree with the Company that any dispute arising in connection with these Terms and Conditions or the performance of any party under these Terms and Conditions or otherwise relating to these Terms and Conditions shall be referred to binding arbitration in Dallas, Texas, in accordance with the rules of the American Arbitration Association by a panel of three arbitrators. Each of the parties shall name one arbitrator. The third arbitrator shall be selected by the two named arbitrators from the list of the current active members of the American Arbitration Association. The arbitration shall be binding, final, not appealable, enforceable and in lieu of any right to sue or seek other arbitration in any court or tribunal. Notwithstanding the foregoing, either you or the Company shall be entitled to apply to any court of competent jurisdiction for a temporary restraining order, preliminary injunction, permanent injunction or other equitable relief, without breach of this arbitration provision.

14. EQUITABLE RELIEF. You acknowledge that any use or threatened use of the Web Site or Content in a manner inconsistent with these Terms and Conditions shall cause immediate irreparable harm to the Company for which there is no adequate remedy at law. Accordingly, you acknowledge and agree that the Company shall be entitled to immediate and permanent injunctive relief from a court of competent jurisdiction in the event of any such breach or threatened breach by you. You agree and stipulate that the Company shall be entitled to such injunctive relief without posting a bond or other security; provided however that if the posting of a bond is a prerequisite to obtaining injunctive relief, then a bond in the amount of $1,000 shall be sufficient. Nothing contained herein shall limit the right of the Company to any remedies at law, including, without limitation, the recovery of damages from you for breach of these Terms and Conditions, as applicable.

15. ASSIGNMENT. YOU WILL NOT ASSIGN, INCLUDING, WITHOUT LIMITATION, BY OPERATION OF LAW, CHANGE OF CONTROL OR OTHERWISE, YOUR RIGHTS OR LICENSES TO THE WEB SITE PROVIDED UNDER THESE TERMS AND CONDITIONS, EITHER IN WHOLE OR IN PART, WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMPANY. THE COMPANY HAS THE RIGHT TO ASSIGN THESE TERMS AND CONDITIONS. ANY ATTEMPT TO ASSIGN THESE TERMS AND CONDITIONS CONTRARY TO THIS SECTION WILL BE VOID AND HAVE NO EFFECT.

16. COPYRIGHT AND TRADE NAMES. ALL OF THE INFORMATION ON THE WEB SITE, INCLUDING TEXT, IMAGES, GRAPHICS AND SOFTWARE, IS THE PROPERTY OF THE COMPANY, EXCEPT AS OTHERWISE INDICATED, AND IS PROTECTED BY COPYRIGHT AND OTHER INTELLECTUAL PROPERTY LAWS. IN ADDITION, THE COLLECTION, ARRANGEMENT AND ASSEMBLY OF CONTENT ON THIS WEB SITE IS THE EXCLUSIVE PROPERTY OF THE COMPANY AND IS LIKEWISE PROTECTED BY COPYRIGHT AND OTHER INTELLECTUAL PROPERTY LAWS. YOU MAY VIEW, DOWNLOAD AND REPRINT INFORMATION AND MATERIALS CONTAINED ON THIS WEB SITE (I) SOLELY FOR INFORMATIONAL PURPOSES AND FOR NO OTHER PURPOSE, AND (II) PROVIDED THAT NEITHER THE MATERIALS, NOR ANY PROPRIETARY NOTICES THEREIN, ARE MODIFIED OR ALTERED IN ANY WAY.

The Web Site is Copyright 2006 UMTH Land Development, L.P. All rights reserved.