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<br />-::i .." record affecting tho Property,' includiilg without limitation
<br />~; ',.. the matters set forth in Exhibit B hereto,_and- to taxes for
<br />-~:~~:"..... '.~"t,the ye.r 1986, which taxes have been prorated as of tho date
<br />:,5"'::' , "hereof and the payment of which are expressly assumed by
<br />· Grantee. ,. .' :~.1}':i~:iW.c ::..pH. ',' :1,; ~\!>.".~.,..;,
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<br />" . '1'0 HAVE AND TO IIOLD the Property, togelher with
<br />..:1".:' 'all and .ingular the riCJhts and appurtenances thereto, in
<br />,:; ~. anywise belonging (s'lbject t..) the aforesaid exceptions) unto
<br />'~., the said Grantee and its leCJal successors 'and assigns forever,
<br />. .....~ and Grantor does hereby bind itself and its' leCJill successors
<br />,..'.' to warrant and forever defend. all and sinCJular the Property
<br />. 'Ii' unto the said Grantee, its legal successors and assigns,
<br />,~~ '. against every person whomsoever, lawfully claimin~ ,r to claim
<br />:'.,.. ,the same or any part thereof. .r,,) I ..., :'~;"."::. .
<br />....~.~. .4oa," ..".",.. ..:.~ . .....$0 "oo:,,,,!",. I!
<br />:'. · 'I.... But It Is expressly a9reed, that a vend....' s' lien.
<br />: "-::1 , 'as well as superior title in and to the Property. is retained
<br />. ':,~: " aqainst .the Property until the above described Notes and all
<br />;-., :" ..,;~ interest thereon are f;ally paid according to the face, tenor,
<br />',:~, . ;,:'fr', ' effect' and re..f~ing thereof, when this Deed shall become
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<br />'~'~~"~ .~~>~solute: ~r"'~:d ,j;';o~~id'~;~~i~n 0; ~~:';~~~~~cmp.nt' and .
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<br />';, of'": ' X}payment in cash by the Banks to Grantor of that portion of
<br />" '" j{S purchase price of the Property as is evidenced by the Bank
<br />" :~1~:.. Notes, a vendor's lien, tOCJother with superior title, to the
<br />,~; Property is retained 'herein for the benefit of the Banks,
<br />". ':0 the same being hereby transfe~red and assigned to the Banks.
<br />. ~'.. The Banks or their successors shall have the ri~ht to ~~i~ase
<br />.. ,~~:. .aid vendor's l~en upon the payu.nt of Bank Notes, but shall..
<br />'..:, ::-. :,~, not have tJle ~ight to rfl!lease the liens herein retained and
<br />..'" " '.~, "created secur1ng the $1,450,000 Note. The relative rights'
<br />. ::.',. ;' '.:. :.~ " of the Banks and Grantor with respect to the priority of the
<br />."!"/ :' b' liens securing the Notes described above :shall be governed
<br />"'~ . by that certain Subordination and Inter-Creditor Agreement '
<br />, ,.' of even date herewith by. and between TeB, for and on behalf
<br />:,~(",~f itself and NBC, a~~ Grantor.,... . ' .;: .,".
<br />t w.. : I. . _. .. . .,...... "'_... . i. j to .. : 00 .
<br />. s.L ..~'i. .' IN WITNESS WHEREOF, this General 'Warranty Deed' is
<br />. ':;,' executed this ':/:!!'day of June, 1986. '. ..' ..
<br />. j.:, .i~..' . .~," . t ':, '10
<br />'~j!,":;;,.. . QUAKER OATS CHEMICALS, INC. '.'
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<br />RETURN TO:
<br />D'ANN M. BRUCE
<br />2200 West Loop South
<br />~ouston, Texas 77027
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