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<br />WARRANTY DEED WITH VENDOR"S LIEN 867191 .
<br />7 miD? 200221147
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<br />Y/'14 0 77
<br />
<br />STAT~ OF TEXAS S
<br />II
<br />COUNTY OF BARRIS S
<br />
<br />That I, DAVID C. ANGEL, joined herein proforma by my wife,
<br />JUDY ANGEL, (hereinafter called "Grantor"), whose address is P.O.
<br />Box 1398, La Porte, Texas 77572, for and in consideration of the
<br />sum of Ten Dollars ($10.00) cash and other good and valuable ~
<br />considerations to him in hand paid by WPT PROPERTIES V, LTD., a
<br />Texas limited partnership (hereinafter' called "Grantee"), whose
<br />---, /1 \ '"' address is 1922 Forrest Garden Drive, Kingwood, Texas 77345, the
<br />(.... 'V receipt and sufficiency of which is hereby acknowledged and
<br />confessed;
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<br />AND the further consideration of the execution and delivery by
<br />said Grantee of one certain promissory note of even date herewith
<br />executed by the 'Gran~ee he~ein for'OHE,MILLION TWO HUNDRED TWENTY-
<br />FIVE THOUSAND DOLLARS ($1,225,000.00), payable to Grantor herein,
<br />together with interest on the unpaid principal from date to
<br />maturity, at the interest rates per annum, as hereinafter provided,
<br />interest payable monthly as it accrues. All past due principal and
<br />interest to bear interest at the maximum rate as permitted by law.
<br />This note is payable as follows:
<br />
<br />Interest only, payable monthly, th~ first payment to be due
<br />and payable on August ~, 2003, at the rate of 6~ per annum,
<br />for the first 12 months following closing; thereafter, for
<br />monthly installments of interest only at the rate of 6.5% per
<br />annum, for the 13th through the 35th months following Closing,
<br />and, on or before July l , 2006, the full principal balance,
<br />and all interest due thereon, shall be due and payable; and
<br />
<br />said note secured by the Vendor's Lien hereinafter retained on the
<br />property hereby conveyed, and being additionally secu.red by a Deed
<br />of Trust of even date herewith to mox W. ASKINS, Trustee,
<br />reference to which is here made for all purposes;
<br />
<br />have GRANTED, SOLD AND CONVEYED, and by these presents do GRANT,
<br />SELL AND CONVEY unto the' said Grantee, the following property,
<br />together with all improvements thereon situated, to-wit:
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<br />Tract 11 -.. .
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<br />Being a 6.142 acre-tract of land out of that certain:~.
<br />19.892 acre-tract described in that certain instrumen~;\l .J
<br />recorded in Harris County Clerk's File Number T549513 and. /
<br />being out of the. T..W. Lee SUhdivis,ion as recorded in . "
<br />Volume 67, Page 1 of the Harris County De~d Records and
<br />being part of the streets and alleys within the T.W. Lee
<br />Subdivision as vacated and abandoned by order of
<br />Commissioners Court on April 8, 1935, as more
<br />particularly described by metes and bounds on Exhibit "An
<br />attached, incorporated by reference herein, and made a
<br />part hereof for all purposes.
<br />
<br />ANY PROVISIONS HEREIN WHICH RESTRICT THE SALE, RENTAL. .
<br />.' '.'o'R USE OF THE DESCRIBED REAL PROPERTY BECAUSE OF
<br />'COLOR OR RACE IS INVALID AND UNENFORCEABLE UNDER
<br />'. -'1:HEFEDERAL LAW.
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<br />',', ~.. .A'~ERW1pP.....COPY
<br />:,..:':~~'.'.:;..':\\;', '~\'.JAN 07 2005
<br />. '. .~:,' ATIEST" ,', o'
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<br />. I ~+~::..;::. >. BE~~Y."B., ~~~AN, Coun~C~erk
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