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<br />Courtesy of .
<br />American Title
<br />Compan~
<br />
<br />---
<br />
<br />2....rth Loop We.t, Hou.tci.;77082......................: 882'8300
<br />8"xa. Commerce Tow!!r, H~u.tO,!,~7oo2........ ..,:t~.. 224-7831
<br />1200 Po.t Oak Boulevard. Hou.to~77058....................882.8300 "
<br />11777 Katy Freeway. Suit. 101, Hou.to~77078......... ....488-0801
<br />5828 FM 1880 W..t, Hou.to~77088 .........................440-8484
<br />328 N. Vela8Co Street, Angl.to~77515....................... 383.1288
<br />200 We.t South Str..t, Alvl~77511 .......................... 331.5282
<br />, 13401 S. W. Freeway. sugarlanc1-77478 ......................481-3215
<br />(B) 102 North Parking Plac., Lak. Jack.o~77588............ .1.287.8031
<br />25132 O.khurst Drive. Sulta 280, Sprln~77373..............387-0821
<br />
<br />A Subsidiary of Pioneer National Title Insurance Company
<br />
<br />
<br />ALL CASH OR OWNER FINANCED - RESIDENTIAL EARNEST MONEY CONTRACT (RESALE)
<br />, PROMULGATED BY TEXAS REAL ESTATE COMMISSION
<br />
<br />1. PARTIES: Eddie V: Gr<y r Trust--"!P-' ".Inn r.; Tll:lI("Il'E"r' '~Kimf ';l'n1stee
<br />to sell and convey to Cl. ty 0 Ia. Porte I '
<br />and Buyer agrees to buy from Seller the following prope;ty situated in Harris
<br />known as Spencer Highway
<br />2. PROPERTY: Lot 133 t X 140' (SEE EXHIBIT "A") , Block
<br />
<br />Addition, City of , or as described on attached exh.ibit, together
<br />with the following fixtures, if any: curtain rods, drapery rods, venetian blinds, window shades, screens and shutters, awnings, wall.to-wall
<br />carpeting, mirrors fIXed in place, attic fans, permanently installed heating'and air conditioning units and equipment, lighting and plumbing fIX'
<br />tures, TV antennas, mail boxes, water softeners, shrubbery and all other property owned by Seller and attached to the above described real pro-
<br />perty. All property sold by this contract is called "Property".
<br />3. CONTRACT SALES PRICE: ' . tel
<br />A. Cash payment payable at closing ........................................... .?-\PP~. . . . y. . . $ 55,860.00
<br />
<br />(Seller) agrees
<br />(Buyer)
<br />County, Texas,
<br />(Address).
<br />
<br />5.
<br />
<br />B. Note described in 4 'B below (the Note) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
<br />
<br />C. Sales P;ice payable to Seller (Sum of A and B)............................... .~~~~~y... $ 55,860.00
<br />
<br />FINANCING CONDITIONS:
<br />~ A. This is an all cash sale; no financing is involved. '
<br />
<br />o B. The Note i~ the principal sum shown in'3 B above, dated as of the Closing Date, to be executed and delivered by Buyer and payable to
<br />the order of Seller, bearing interest at the rate of percent per annum from date thereof until maturity, matured unpaid
<br />principal and interest to bear interest at the rate of 1 0% per annum, principal and interest to be due and payable
<br />o (I) In installments of $ or more each, beginning on or before
<br />after date of the Note, and (Check "a" or "b")
<br />o a. continuing regularly and at the same intervals thereafter until fully paid.
<br />o b. continuing regularly and at the same intervals thereafter until , 19 , when the entire balance
<br />of principal and accrued interest shall be due and payable.
<br />o (2) In a lump sum on or before after date of the Note,
<br />o C. This contract is subject to Buyer furnishing Seller evidence that Buyer has a history of good credit.
<br />
<br />EARNEST MONEY: $ is herewith tendered and is to be deposited as Earnest Money with
<br />
<br />, as Escrow Agent, upon execution of the contract by both panies. Additional Earnest
<br />
<br />Money, if any, shall be deposited with the Escrow Agent on or before ,19 _, in the amount of$
<br />
<br />TITLE: Seller at Seller's expense shall furnish either: ..
<br />~ A. Owner's Policy of Title Insurance (the Title Policy) issued by Amerl.can Tl. t1e Cacpany
<br />in the amount of the Sales Price and dated at or after closing: OR
<br />o B. Complete Abstract of Title (the Abstract) certified by to current date.
<br />NOTICE TO BUYER: AS REQUIRED BY LAW, Broker advises that YOU should have the Abstract covering the Prop,erty examined by an
<br />, attorney of YOUR selection, or YOU should be furnished with or obtain a Title Policy. ' ~"-~
<br />
<br />PROPERTY CONDITION (Check "A" or "B"):
<br />~ A. Buyer accepts the Property in its present condition, ~
<br />
<br />4.
<br />
<br />6.
<br />
<br />7.
<br />
<br />o B. Buyer requires inspections and repairs required by the Propeny Condition Addendum (the Addendum).
<br />Seller shall commence and complete prior to closing all required repair~ at Seller's expense.
<br />
<br />All inspections, reports and repairs required of Seller by this contract and the Addendum shall not exceed $ . If Seller fails to complete
<br />such requirements, Buyer may do so and Seller shall be liable up to the amount specified and the same paid from the proceeds of the sale.
<br />If such expenditures exceed the stated amount and Seller refuses to pay such excess, Buyer may pay the additional COSt or accept the Property
<br />with the limited repairs and this sale shall be closed as scheduled, or Buyer may terminate this contract and the Earnest Money shall be refunded
<br />to Buyer. Broker and sales associates have no responsibility or liability for repair or replacement of any of the Property.
<br />
<br />8.
<br />
<br />BROKER'S FEE:
<br />
<br />N/A
<br />
<br />~isting Broker (_ %) and
<br />
<br />Co-Broker (_ %), as Real Estate Broker (the Broker), has negotiated this sale and Seller
<br />
<br />agrees to pay Broker in County, Texas, on consummation of this sale or on Seller's default (unless
<br />
<br />otherwise provided herein) a total cash fee of of the total Sales Price, which Escrow Agent may pay from the sale proceeds.
<br />9. CLOSING: The closing of the sale (the Closing Date) shall be on or belore May 1 , 19 R-, or within 7 days after objections
<br />to title have been cured, whichever date is l,ater.
<br />
<br />PO.SSESSION: The possession of the Property shall be delivered to Buyer on' closing in its present or required
<br />improved condition, ordinary wear and tear excepted. Any possession by Buyer prior to or by Seller after Closing Date shall establish a landlord.
<br />tenant at sufferance relationship between the parties.
<br />.11. SPECIAL PROVISIONS:
<br />
<br />-,
<br />
<br />10.
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<br />The sales price shall be'ca1cuated at $3.00 per square foot, to be based
<br />on survey by H. Carlos Smith
<br />
<br />(Insert terms and conditions of a factual nature applicable to this sale, e.g., personal property included in sale (curtains,.dtaperies, valances. ClC.],
<br />p'rior purchase or sale of other property, lessee's surrender of possession, and the like.)
<br />
<br />TREe NO. 6-0
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