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<br />- <br /> <br />Commercial Unimproved Contract Concerning <br /> <br />- 125 South 3rd Street, La Porte, Texas <br />-._- ... -.- ----'-'- <br /> <br />C. If the Property adjoins or shares a common boundary with the tidally influenced submerged lands 01 the state, 933.135 01 the <br />Texas Natural Resources Code requires a notice regarding coastal area property to be included as part 01 this contract. <br /> <br />D. II the Property is located seaward 01 the Gull Intracoaslal Waterway, 961.025, Texas Natural Resources Code, requires a <br />notice regarding the seaward location 01 the Property to be included as part of this contract. <br /> <br />E. II the Property is located outside the limits of a municipality, the Property may now or later be included in the extra-territorial <br />Jurisdiction (ET J) 01 a munlclpalily and may now or later be subject to annexation by the municipality. Each municipality <br />maintains a map that depicts its boundaries and ETJ. To determine lIthe Property Is located within a municipality's ETJ. Buyer <br />should contact all municipalities locale9 In the general proxlmily 01 the Property for furttler information. <br /> <br />F. Brokers are not quall/ied to perform property inspections, surveys, engineering studies, environmental assessments. or <br />inspections to determine compliance with zoning, governmental regulations. or laws. Buyer should seek experts to perform <br />such services. Selection 01 inspectors and repairmen is the responsibility 01 Buyer and not the brokers. <br /> <br />26. CONTRACT AS OFFER: The execution o/this contract by the first party constitutes an offer to buy or sell the Property. Unless <br />the other party accepts by 5:00 p.m., in the time zone in which the Property is located, on <br />the offer will lapse and become null and void. <br /> <br />This Is a legally binding contract. READ IT CAREFULLY. The brokers and agents make no representation or recommendation <br />as to the legal sufficiency, legal effect, or tax consequences of this document or transaction. CONSULT your attorney <br />BEFORE signing. <br /> <br />Buyer's <br />Attorney <br /> <br /> <br />Seller's <br />Attorney <br /> <br />Buyer <br /> <br />~~, <br />S~ler J TtoJ--er-ca be 1 <br /> <br />Buyer <br /> <br />Seller <br /> <br />AGREEMENT BElWEEN BROj<ERS <br /> <br />Listing Broker agrees to pay (Other Broker) <br />a ree of $ or _ % of the sales price when the Listing Broker's fee is received. Escrow agent is <br />authorized and directed to pay Other Broker from Listing Broker's fee at closing. This Agreement Between Brokers supersedes any <br />prior oilers and agreements for compensation between brokers. <br /> <br />Other Broker <br /> <br />license No. <br /> <br />listing Broker <br /> <br />License No. <br /> <br />By: <br /> <br />By: <br /> <br />Other Broker's Address <br /> <br />listing Broker's Address <br /> <br />Phone <br /> <br />Fax <br /> <br />Phone <br /> <br />Fax <br /> <br />ESCROW RECEIPT <br /> <br />Escrow agent acknowledges receipt of: <br /> <br />o A. the contract on this day <br />o B. earnest money in the amount of $ <br /> <br />in Ihe form of <br /> <br />(effective date); <br />on this day <br /> <br />Address: <br /> <br />Escrow Agent <br /> <br />By: <br /> <br />Fax <br /> <br />Phone <br /> <br />(TAR-1802) 11-5.99 <br /> <br />TAR, P.O. Box 2246, Austin, TX 78768-2246. <br /> <br />Page 9 ( <br />