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<br />(gJ AMERICAN TITLE COMPANY
<br />j A TICOR TITlE INSURANce COMPANY,
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<br />:llHlO Nor1h Loop W.I~ lluullun./I uu_..____...........,-..-..,...............--.. UDJ.GJUU
<br />1200 ,.....ce '0_', Houlloft:077DO:l_______:l24.71:r'
<br />noo Poet ....... lull. no, HouI'on-7705l_____..____..:l..:JOO
<br />U7n Ill" ." 1Iu1,. 1ot. "-'_"07..-------------.....0.0'
<br />112. fM 1160 W.... 'ult. 1a1, H_IDn.7lDl._...__._.....__...D......
<br />>>I N....h VeI.aco. A",Io'on-77111_-- 1-40........514
<br />100 W~'I!t.;,.h I'..." A"In-77S11____ ____.U'-1I2t2
<br />'M.D1,~'hW." ,.....,. lug., und.77.71____.___..".U1I
<br />102 N<<th Pa,'"n. Plee.. uk. Jock_nile ______ '_.2t7-1O:r,
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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 />1.1 PARTIES: J. P. aIUDLEIGH
<br />to sell and convey 10 CI'IY OF IA PORrE
<br />,Ii Ind Buyer agrees 10 buy from Seller the following propeny lituated in
<br />known IS
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<br />(Seller) Igrees
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<br />(Buyer)
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<br />CounlY, TeXIS,
<br />, (Address).
<br />I thru 7, ,Block 1437 , TaNn of La Porte
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<br />Addition, CilY of Ia Porte , or IS described on Ittlched exhibit, together
<br />. with Ihe following fIXtures, if Iny: curlain rods, drlpery rods, venetian bli,!ds, window shades, Icreens and Ihutters, ,Iwningl, wllI.u~wllI
<br />carpeling, mirrors fIXed in place, Ittic fans, permanently installed healing Ind air conditioning unill Ind equipment, lighting Ind plumbing fax-
<br />lures, TV Inlennas, mail boxes, wiler softeners, shrubbery Ind all olher propeny owned by Seller Ind Ittlched to the above described real pro-
<br />peny. All ~ropeny-sold by this conuact is'ca,lIed uPropeny".
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<br />3. CONTRACT SALES PRICE: . 10,000.OO
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<br />, ~. Cash paymenl payable II c10smg ....................................,....,.,..,....,.".... - , . " S
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<br />Harris
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<br />PROPERTY: lot
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<br />C, Slles Price payable 10 Seller (Sum of A Ind B) . . . . . . . . . . . . . . . . . . . . . . . .. .. . . ..:. . .. .. . . .. . . .. . .. .. .. S 14 ,000. 00
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<br />4. FINANCING CONDITIONS: ,
<br />. XX A. This is ~n all cash sale; no finlncing.is involved. ' .
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<br />lOB. The Note in Ihe principal sum shown in 3 B above, dlled as oflhe Closing Dlle, to be executed and delivered by Buyer Ind plYlble to
<br />the order of Seller, bearing inlerest II the rate of . percent perlnnum from dlle thereofuntil maturity, mllured unpaid
<br />principal and inleresllo bear inlereslll the rile of IO!Vo per annum, principII and interest to be due and payable
<br />o (I) In installmenls of S or more each, beginning on or before
<br />after date of the Note, and (Check "I" or "b")
<br />I, 0 a. continuing regularlyllOd allhe samt intervals thereafter until fully paid.
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<br />i 0 b. continuing regularly Ind at the same intervals thereafter until , 19 , when the entire balana:
<br />I ,of principal and accrued inlerest shall be due and plyable. ,
<br />! 0 (2) In a lump sum on or before after date of the Note,
<br />I' 0 C. This cOnlract is subject 10 Buyer 'furnishing Seller evidence that Buyer has I history of good credit.
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<br />, 5. i EARNEST MONEY: S ?OO. 00 is herewilh tendered and is to be deposited IS Earnest Money with
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<br />I. . IS Escrow Agent, upon execution of the conlflct by both panies, Ad
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<br />/' Money, ifany, shall be deposiled with the Escrow Agent on or before , 19 . in the Imount 0
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<br />6'1 TITLE: Seller II Seller's expense shall furnish either:
<br />I Kl A. Owner's Policy of Title Insurance (the Title Policy) issued by
<br />I in the amounl of the Sales Price Ind daled II or after closing: OR
<br />o B. Complele Abstract of Title (the Abstract) cenified by. to current dlte.
<br />NOTICE TO BUYER: AS REQUIRED BY LAW, Broker advises that YOU should have the Absuact covering the Property examined by an
<br />attorney of YOUR selection, or,YOU should be furnished with or obtain a Tit.le Policy.
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<br />7.! . PROPERTY CONDITION (Check "A" or "B"): .
<br />Kl A. Buyer accepls Ihe Property in its present condition,~
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<br />10.
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<br />o B. Buyer requires inspections and repairs required by the Propeny Condition Addendum (the A~dendum).
<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 compleie
<br />such requiremenls, Buyer may do so and Seller shall be liable up 10 Ihe amounl specified and Ihe same paid from the proceeds of Ihe sale.
<br />If such expendilures exceed Ihe SIlted amounllnd Seller refuses to pay such excess, Buyer may pay the additional co or accept the Property
<br />Wilh Ihe limiled repairs and Ihis sale shall be closed as scheduled, or Buyer may terminale Ihis contracl and the Earnes oney shall be refunded
<br />to Buyer. Broker and sales associates have no responsibililY or liability for repair o~ replacemenl of any o~~
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<br />8.' BROKER'S FEE: ~.\:b~)-\dj~ f~el1QS ListingBrOker(&!Vo),ga: .
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<br />i l ) I A Co-Broker (_ !Vo), IS Real Estate Broker (Ihe Broker), has 0 . ted this sale Ind Seller
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<br />Igrees to pay Broker in ' CounlY, TexIS, on co s ~ti n Oflhis sal or on Seller's default (unless
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<br />otherwise provided herein) a t01l1 cash fee of ofth t01l1 ~es Price, h ,~,.W{Oay pay from the sale proceeds.
<br />9.; CLOSING: The closing orlhe sale (lhe Closing Dale) shall be on or beror , 19-~r within 7 days afier objeClions
<br />I to tille have been cured, whichever dale is later.
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<br />POSSESSION: The possession of the Property shall be delivered to Buyer o~ .. in its presenl or required
<br />improved condition, ordinary wear and tear excepted, Any possession by Buyer prior to or by Seller after Closing Da'e shall establish I landlord-
<br />tenanl II sufferance relationship bel~een lhe p;li'lies.
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<br />SPECIAL PROVISIONS:
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<br />* Purchase price is $14,000.00. However, Seller will donate the sum of $4,000.00'00
<br />the City of La Porte, as a charitable contribution, at cl,osing, resulting in a net
<br />purchase price of $10,000.00 to the City of La Porte.
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<br />(I~sen terms and condllions of a faclual nalure,applicable 10 Ihis sale, e.g" personal propeny included in sale Icunains,.dureries, valancel. Cle.),
<br />~f1or purchasc or sale of olher properl)', lessec s surrender of possession, and Ihe like.)
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