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<br />Courtes)' oj .
<br />A'merican Title
<br />Compan~
<br />
<br />
<br />.- North Loop W..l, H:..'0...77082.......................1182.8300
<br />T.a.. Comm.rc. Tow.r. Hou.to...77002............... 224.7113 I
<br />1200 Po.' O.k Boul.v.rd. Hou.to...77056.................... 682.6300
<br />'1777 K.ty Fr.away. Suit. '01. Hou.to...77078 ............ .496-0801
<br />6628 FM 1960 W..t. Hou.to...77Oll" .........................440-8464
<br />32" N. V.I..co Straal, Angl.'0...775'5.......................393.1286
<br />200 W..t South Str..t, Alvl...7751' ..........................331.5262
<br />1340' S. W. Fraaway. Sug.rl.ncH7478 ......................4g1.32'5
<br />'02 North P.rking PI.c.. Lak. J.ck.o...77588............. "2g7.803'
<br />25132 O.khur.' Drlv.. Suit. 260, SprlnIt77373..............367.0921
<br />
<br />~
<br />A Subsidiary) oj Pioneer J\Tational Title Insu.rance ,Conzpany
<br />
<br />ALL CASH OR OWNER FINA1"CED - RESIDENTIAL EARNEST MONEY CONTRACT (RESALE)
<br />I'NOMULGATED MY TEXAS REAL ESTATE CO.\tMISSIOS
<br />
<br />1.
<br />
<br />PARTIES: Eddie V. Gra,y:, Trm;t:pp r:lnn (.:' ~1cE'r ~Kim, Trustoc
<br />10 sell and com'ey to Ci ty of' La Porte,
<br />
<br />and Buyer agrees to buy from ~eller the following property situated in
<br />known as Spencer H1ghway
<br />PROPERTY: Lot 133' X 140' (SEE EXHIBIT nAn) , Block ,
<br />
<br />Addition, City of , or as described on attached exhibit, together
<br />with the following fllClures, if any: curtain rod~, drapery rods, venetian blinds, window shades, screens and shullers, awnings, wall-to-wall
<br />carpeting, mirrors fixed in place, allic fans, permanently installed heating and air conditioning units and equipment, lighting and plumbing fiX-
<br />tures, TV antennas, mail boxes, water solieners, shrubbery and all other property (lwned by Seller and all ached to thc above described real pro-
<br />perty. All property sold by thi~ contract is called "Property". .
<br />
<br />CONTRACT SALES PRICE: . tel
<br />A. Cash payment payable at closing .......................................... ~~q~. . . . Y. . . s 55,860.00
<br />
<br />Harris
<br />
<br />(Seller) agrees
<br />(Buyer)
<br />
<br />County, Texas,
<br />(Address).
<br />
<br />2.
<br />
<br />3.
<br />
<br />4.
<br />
<br />B. Note described in 4 B below (the Note) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . '. . . . . . . . . . S
<br />
<br />C. Sales Price payable to Seller (Sum of A and B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ~~~~~y. . . s 55,860.00
<br />
<br />FINANCING CONDITIONS:
<br />~ A. This is an all cash sale; no financing is invoh'ed.
<br />
<br />o B. The Note in 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 ratt of percent per annum from date thereof until maturity, matured unpaid
<br />principal and interest to bear interest at the rate of 10% 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, UPOI) 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 ofs
<br />
<br />TITLE: Seller at Seller's expense shall furnish either:
<br />~ A. Owner's Policy of Title Insurance (the Title Policy) issued by American Title Canpany
<br />in the amount of the Sales Price and dated at or lifter 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 !he Property examined by an
<br />altome}~ o( Y,OUR 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 />5.
<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 repairs 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 thc amount specifieu 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 Propeny.
<br />
<br />8. BROKER'S FEE: N/A Listing Broker (_0/0) and
<br />
<br />Co-Broker (_ClIo), 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 before May 1 , 19 ~, or within 7 days after objections
<br />to title have been cured, whichever date is later.
<br />
<br />10. POSSESSION: The possession of the Property shall be delivered to Buyer on closing in its present or required
<br />impro\'ed 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 />
<br />U. SPECIAL PROVISIONS:
<br />
<br />The sales price shall be calcuated at $3.00 per square foot, to be based
<br />on survey by H. Carlos Smith "
<br />
<br />(Inscrt terms and condlliom of a factual nature aprlicablc to this sale, e.g., pcrsonal property included in sale lcurtains,_citareric:s, valanc~. ClC.],
<br />rrior purch3~e or sale of other property, lessee's surrender of possession, and the like.)
<br />
<br />TP,FC :,:0 f..fi
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