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<br />(gJ AMERICAN TITLE COMPANY
<br />A TICOR TITlE INSURANCE COMPANY
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<br />2100 Norlh Loop "'.IL .,,,,,'lun', ,,,..,,_...._.......... ........._.................u._.. .,~. .,..",tJ
<br />1200 Tu. C.. To_'. H..........nDOZ----ZZ..JUI
<br />1:ZOO Pool O.k ..d, 5ull. UO. H.....lon-nose --- .IZ..3OO
<br />1I,n KlI, f.1I , lull. 101, "-lon.'i071._______.06-41101
<br />1121,M lNO W.,L 'u1lt tI" HOUIlon.nDl._____________...O~14
<br />J2I North Vol.oco, ".....1_17.11__---- 1401-141.1514
<br />200 W..lloulh .1.111. ".....17511__ .UI.5212
<br />U40' Ioulh...1 f.....'. lu,., &..nd."4"_------4".32'.
<br />102 """" P."'., Ploc.. Lok. .lock_175M . 1_.217.101'
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<br />ALL CASH OR OWNER FINANCED - RESIDENTIAL EARNEST MONEY CONTRACT (RESALE)
<br />PROMULGATED BY TEXAS REAL ESTATE COMMISSION
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<br />I.! PARTIES: J. P. QIUDLEIGI (Seller) Igrees
<br />10 sell and convey 10 CITY' OF IA PORl'E (Buyer)
<br />I Harris
<br />'Ii Ind Buyer agrees 10 buy from Seller Ihe following properlY silualed in CounlY, TexIS.
<br />known IS (Address).
<br />2,! PROPERTY: LOI 1 thru 7 . Block 1437 TcMn of La Porte
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<br />: Addilion, CilY of La. Porte ' , or IS described on anached exhibit, together
<br />! ' wilh the following fUClures. if any: curtain rods, drapery rods, venetian blil!ds, window shades, Icreens and s~uncrs, awnings, wall.te.-wall
<br />! carpeting, mirrors fIXed in place, allic fans, permanendy inslalled healing Ind air conditioning unilS Ind equipmenl, lighting and plumbing fut.
<br />tures, TV anlennas, mail boxes, waler softeners, shrubbery and all olher properlY owned by Seller and IlIached to Ihe above described real pre.-
<br />perlY, All properly'sold by this conlract is'called "Property":
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<br />3.: CONTRACT SALES PRICE: . 10 000 00
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<br />A, Cash paymenl payable at closing ...............,........,."....,..,........'.....,.".....'." S ' .
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<br />* B, ~~~:K~~~fC~.....................................,......,.........". S 11,nnn nn
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<br />C. Sales Price payable to Seller (Sum of A and B) . . . . , . . . . . . . . , . . . . . . . . . . . . . , . . '.' . . . . . : . . . . . . . . . . . . .. S 14 ,000. 00
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<br />4. FINANCING CONDITIONS: .
<br />XX A, This is an all cash sale; no financing is involved. .
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<br />,DB. The NOle in Ihe principal sum shown in 3 B above, daled as of the Closing Date, to be executed and delivered by Buyer and payable to
<br />the order of Seller, bearing inlerest althe ratc of percenl per'annum from dale thereofuntil maturity, matured unpaid
<br />principal and inleresllo bear inleresl althe rate of 100/0 per annum, principal and interest 10 be due and payable
<br />o (1) In ' installments ors ' or more each, beginning on or before
<br />afler dale oflhe NOle, and (Check "a" or "b")
<br />'I 0 a. contjnuing regularly1md at the same inlervals thereafier until fully paid.
<br />o b. continuing regularly and atlhe same intervals thereafter until . 19 . when the entire balance
<br />. of principal and accrued interest shall be duc and payable. ,
<br />o (2) In a lump sum on or before after date of the Note, . '_
<br />o C. This contract is sub~ !,uyer'furnishing Seller evi~~nce that Buyer haSl hislory of good credil, " ' ' - :. . , , .
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<br />5,: EARNEST MONEY: S ;>00. 00 is herewith tendered and is to be deposited IS Earnesl Money with ~ " ~
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<br />! . IS Escrow Agent, upon execution of the contrla by both panies, Ad . ionl1 Earncst
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<br />I Money, iflny, shall be deposited with the Escrow Agent on or before ,19 . in the Imount 0
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<br />6.1 TITLE: Seller al Seller's expense shall furnish either:
<br />KI A. Owner's Policy of Tille Insurance (the Tille Policy) issued by
<br />in the amount of the Sales Price and daled at or afier closing: OR
<br />o B. Complele Abstracl of Tille (the Abstracl) cenified by to current dale.
<br />NOTICE TO BUYER: AS REQUIRED BY LAW, Broker advises thai YOU should have Ihe Abstract covering the Propeny examined by an
<br />anorney of YOUR seleaion, or YOU should be furnished wilh or oblain a Title Policy,
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<br />7: ' PROPERTY CONDITION (Check "A" or "B"):
<br />Kl A. Buyer accepls Ihe Propeny in its prese'.'l condition,~
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<br />o B. Buyer requires inspeclions and repairs required by Ihe Propeny Condilion Addendum (Ihe A~dendum).
<br />Seller shall commence and complCle prior to closing all required repairs al Seller's expense. ,
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<br />All inspections, repons and repairs required of Seller by Ihis contract and Ihe Addendum shall not exceed $ . If Seller fails 10 compleie
<br />such requirements, Buyer may do so and Seller shall be liable up 10 the amounl specifie~ and the same paid from Ihe proceeds or the sale.
<br />If such expendilures exceed Ihe slaled amounl and Seller refuses to pay such excess, Buyer may pay the additional co or accept the Propeny
<br />wilh Ihe Iimiled repairs and Ihis sale shall be closed as scheduled, or Buyer maYlerminale Ihis contract and Ihe Earnes oney shall be refunded
<br />10 Buyer. Broker and sales associatcs have no re~ponsibilily or liabililY for repair o~ replacement of any o~'/?J.
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<br />8. BROKER'S FEE: ~.~,'('.J ~~e.HRS LiStingBrOker(&%)~: .
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<br />l ) I A Ce.-Broker (_'Vo), IS Real Estate Broker (Ihe Broker), has 0 . tcd this salc Ind Seller
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<br />agrees to pay Broker in County. Texas, ~n co s ~ti n of this sal or on Seller's default (unless
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<br />olherwise provided h~re.in) a t01l1 cash fee of ofth tOlal ~es Price, h '.!'!>,WfIay pay from the sale proceeds.
<br />9. CLOSING: The closing orlhe sale (Ihe Closing Dale) shall be on or beror ~ ' , 19'~r within 7 days alier objeaions
<br />to tille have been cured, whichever dale is laler.
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<br />10. POSSESSION: The possession of the Property shall be delivered to Buyer o~ .. in its present or required
<br />improved condition, ordinary wear and lear excepled. Any possession by Buyer prior 10 or by Seller afier Closing Dale shall eSlablish a landlord-
<br />tenant al sufferance relalionship bei~ccn Ihe p.inies.
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<br />U.' SPECIAL PROVISIONS:
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<br />* Purchase price is $14,000.00. However, Seller will donate the sum of $4,000.00'to
<br />the City of La Porte, as a charitable contribution, at cl,osing, resulting in a net
<br />purchase price of $lO, 000.00 to the City of La Porte,.
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<br />(in$Cn lerms and condlli.ons of a factu~1 nalure, applicable 10 Ihis ~ale, e.g.. personal propeny included in sale (cunains..duperies, valances. Cle.),
<br />pnor pUlchase or sale 01 olher propen)'. lessee: s surrender of possession, and Ihe like.)
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