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<br />Cou~tesy oj . .~. ,>
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<br />Ame2~~p~~t~tzs:
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<br />A Subsidia.l)J oj Pioneer National Title Insurance Company
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<br />2900 NO.- op Weal, HOuBlorr77092.......,.....,........ 6L2,t.3oo
<br />6200 Te" mmerce Tower, Hou.lo...77oo2...........,.. 2241,7631
<br />1200 Pool u~,:, Boulevard, HOu.lorr77058,............,..., ..6B:'E3oo
<br />11777 KatyFr.eway, Sultal01, Houalorr77078....,.....,..4P6,OBOl
<br />5629 FM 1960 Weal, Hou.lo...77068 ,.....,..,...............440.8464
<br />328 N, Velasco Straet, Anllletorr77515...........,.......,..,393,12B&
<br />200 Weill South Street, Alvln.77511 ......,...................331,5262
<br />13401 S, W, Fraeway, Su9srland-77478.........,............491,3215
<br />102 North Parking Placa, Laka Jacklorr77588............, 1-:197'8031
<br />25132 Oakhurst Drive, Suite 280, Sprlnlt77373..,........... 387'0921
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<br />ALL CASH OR OWNER FINANCED - RESIDENTIAL EARNEST MONEY CONTRACT (RESALE)
<br />PROMULGATED B\' TEXAS REAL ESTATE COMMISSION
<br />Jackson S. Yarborough, individually & as independent exector of the
<br />I. PARTIES: ~_Yarhorongh, n~PR!,;Prl, (Rn!i;) riM nnnrlln '1": V.::IT"rorollry,. (20%)
<br />to sell and convey to City of T.a Pnrt-F, A Mllni ~i ~ 1 fn-rrnT"rlt-i nn
<br />and Buyer agrees to buy from Seller the following property situated in
<br />known as
<br />2, PROPERTY: Lot See attached Exhibit "A" , Block ,
<br />Addition, City of , or as described on attached exhibit, together
<br />with the following fixtures, if any: curtain rods, drapery rods, venetian blinds, window shades, screens and shullers, awnings, wall-tl>-wall
<br />carpeting, mirrors fixed in place, allic fans, permanently installed heating and air conditioning units and equipment, lighting and plumbing fix-
<br />lures, TV antennas, mail boxes, water sor.eners, shrubbery and all other propeny o.wned by Seller and allached to the above described real prl>-
<br />perty, All propeny sold by this contract is called "Property",
<br />3, CONTRACT SALES PRICE: 3
<br />A,' Cash payment payable at closing """"""""""""""",.,."""""""""""""" $ 7 ,500 . 00
<br />
<br />estate of
<br />(Seller) agrees
<br />(Buyer)
<br />County, Texas,
<br />(Address),
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<br />B, Note described in 4 B below (the Note) , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , . , , , , , , , , . , , , . , , , , , , , , . , $
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<br />C. Sales Price payable to Seller (Sum of A and B), , , , , , , , , , , , , , , , . , , , , , , , , , , . , , , , , , . . , , , , , , , , , , , , , . , , $ 73,500.00
<br />4, FINANCING CONDITIONS:
<br />~ A, This is an all cash sale; no financing is involved,
<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 rate 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.
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<br />5. EARNEST MONEY: $ 500.00 is herewith tendered and is to be deposited as Earnest Money with Anerican Title Company
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<br />,as Escrow Agent, upon execution of the contract by both panies, Additional Earnesl
<br />Money, if any, shall be deposited with the Escrow Agent on or before ,19 _, in the amount of$
<br />6, TITLE: Seller at Seller's expense shall furnish either: .
<br />~ A, Owner's Policy of Title Insurance (the Title Policy) issued by Amerl.Can Ti tie
<br />in the amount of the Sales Price and dated at or after closing: OR
<br />o 8. 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 Property examined by an
<br />attorney of YOUR selection, or YOU should be furnished with or obtain a Title Policy,
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<br />7. PROPERTY CONDITION (Check "AU or "B"):
<br />lX A, Buyer accepts the Propeny. in its present condition, subject only to
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<br />o 8. 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,
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<br />All inspections, repons 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 COSI or accept the Propeny
<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 />10 Buyer. Broker and sales associates have no responsibility or liabililY for repair or replacement of any of the Propeny,
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<br />8, BROKER'S FEE: N/A Listing Broker (_ %) and
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<br />Co-Broker (_ %), as Real Estate Broker (the Broker), has negotiated this sale and Seller
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<br />agrees to pay Broker in County, Texas, on consummation of this sale or on Seller's default (unless
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<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 January 15 , 19 J!L, or wilhin 7 days after objections
<br />10 lille have been cured, whichever dale is later,
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<br />10, POSSESSION: The possession of the Propeny shall be delivered to Buyer on 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 />ten~t at sufferance relationship between the panies,
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<br />11, SPECIAL PROVISIONS:
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<br />The property shall be surveyed by H. Carlos Smith, Registered Professional
<br />Engineer - Surveyor, prior to closing. Survey shall be done at Buyers
<br />Expense.
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<br />(Inserl lerms and conditions of a factual nature applicable to this sale, e,g" personal properlY included in sale Icurlains,..duperies, valances.. dC,],
<br />prior purchase or sale of other properlY, lessee's surrender of possession, and the like,)
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<br />TREe ~O. 6,0
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