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<br />',4 COUTies)' oj .
<br />A"merican Title
<br />Compan~
<br />
<br />
<br />.. -
<br />.Non" Loop wen Houllo...770l12. ...... ........ ..... ...882-8300
<br />T.an Cornrnerc. Tow.r, Houalo...77002............... 224.7831
<br />1200 Poal O.k Boul.v.rd. HoualO... 77056................... ,88"'8300
<br />11777 K.1y f,..w.y, Suit. 101. Houalo...7707& ..............9&.0801
<br />5&2& fM 1980 W.al. Houalo...77D8& ......................... 440-8484
<br />329 N. V.lnco Str..t, Anlll.to...775H>.......................383.1286
<br />200 W.al Soulh Slr..t. Alvjn.7751 1 ...................... ....331.526..
<br />13401 S. W. fr..w.y, SUIl.rl.nd-77478 ......................481.3215
<br />10.. Nonh P.rklng PI.c., L.k. J.ck.o...77588........... ..1.287-8031
<br />25132 O.khural Drlv., Sull. 280, Sprlnlr77373............ ..387.0821
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<br />@
<br />A Subsidiary' of Pioneer ^Tational Title Insurance ,C01npan)'
<br />
<br />ALL CASH OR OWNER FINA1\CED - RESIDENTIAL EARNEST MONEY CONTRACT (RESALE)
<br />PROMUl.GATED BY TEXAS REAL ESTATE CO.\1MISSIO='
<br />
<br />I.
<br />
<br />PARTIES: Eddie V: Gray! Trm;tee ?Inn ~' J'):>rkE'Y McKim. Trustee
<br />10 scll and convc\" 10 C~ ty of La Porte
<br />and Buycr agree~ 10 buy from ~dler ih'~ following property situated in Harris
<br />known as Spencer H~ghway
<br />PROPERTY: Lor 133' X 140' (SEE EXHIBIT nAn) , Block
<br />
<br />(Seller) agrees
<br />(Buyer)
<br />Count)', Texas,
<br />(Address).
<br />
<br />2.
<br />
<br />3.
<br />
<br />Addition, City of , or as described on all ached exhibit, IOgether
<br />with the following flXtures, if an)': curtain rods, drapery rods, venetian blinds, window shades, screens and shullers, awnings, wall-t()-wall
<br />carpeting, mirrors flXed in place, allic fans, permanently installed heating and air conditioning units and equipment, lighting and plumbing flX-
<br />tures, TV antennas, mail boxes, water softeners, shrubbery and all other property owned by Seller a~d all ached to the abO\'e described real pro-
<br />perty. All property sold by this contract is called "Property".
<br />
<br />~?NT~a~;~}~:e~;~a~~~I~;t: closing ................................ . .. . . . '. . . . ?-p'p?=:q~~J. Y . . S 55, 860 . 00
<br />
<br />4.
<br />
<br />B. Note described in 4 B below (the Note) . . . . . . . . . . . . . . . . . . . . . . . . . . . . '.' . . . . . . . . . . . . . . . . . . . . . . . . . . . $
<br />
<br />C. Sales Price payable to Seller (Sum of Aand B)................ ............... .~~~~~~Y.. s 55,860.00
<br />
<br />FINANCING CONDITIONS:
<br />:Kl A. This is an all cash sale; no financin~ is involved.
<br />
<br />LJ 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 rate of percent per annum from date thereof until maturity, matured unpaid
<br />principal and interest to bear interest at the rate of I 0% per annum, principal and interest to be due and payable
<br />o (I) In installments of S 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 />c: (2) In a lump sum on or before after date of the Note,
<br />LJ C. This contract is subject to Buyer furnishing Seller evidence that Buyer has a history of good credit.
<br />
<br />EARNEST MONEY: S 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 ofS
<br />
<br />TITLE: Seller al Seller's expense shall furnish either: "
<br />~ A. Owner's Policy of Title Insurance (the Title Policy) issued by Aner~can T~ tle Carrpany
<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 dale.
<br />NOTICE TO BUYER: AS REQUIRED BY LAW, Broker ad\'ises that YOU should have the Abstract covering the Property examined by an
<br />allorney. of~ ypUR selection, or YOU should be furnished with or obtain a Tille Policy. '.
<br />
<br />PROPERTY CONDITION (Check "A" or "B"):
<br />lK 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 he liable up 10 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 />wilh 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 (_ %) and
<br />
<br />Co-Broker (_ Cl}'o), 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 />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 />
<br />.11. SPECIAL PROVISIONS:
<br />
<br />The sales price shall be calcuated at $3.00 ~ square foot, to be based
<br />on sw:vey by H. Carlos Srni th
<br />
<br />(Inserl lerm~ and ("{\ndllions of a factual nature applicable to this sale, e.g., personal property included in sale (curlains,.dtaperies, valancl:.lo. ctc:.],
<br />rnor rurcha~e or sale (\f other property, les~ee's surrender of posse~sion, and the like.) ,
<br />
<br />TPH ~':(: '..1'
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