|
<br />1"1
<br />\Tl
<br />~
<br />I
<br />r-
<br />~
<br />f
<br />U)
<br />i,O
<br />tt'
<br />
<br />1'4' f ,.
<br />
<br />OocIlITam ~tt!. ~ DttlTree LtO 'AI ,. prCj)rire"1')I :maving IInd ~ 'Yt;:M, C:opy',&-iod ~, A:l rlsnes rHen.oed
<br />
<br />. Tract 4 I
<br />
<br />Being a 16,000 square foot (0.3613 of one acre) tract of
<br />land situated in the Johnson Hunter SUl:v.ey, Abstract 35,
<br />Harris County, Texas, being out of the Westerly part of
<br />Lots 1 . 16 of Block 868 of the Map of La Porte, said
<br />tract being more particularly described by metes and
<br />bounds on Exhibit liD" attached hereto, incorporated by
<br />reference herein, and made a part hereof for all
<br />purposes.
<br />
<br />Tract 5,
<br />
<br />Being a 1,285 square foot (0.0295 of one. acre) tract of
<br />land situated in the Johnson Hunter Survey, Abstract 35,
<br />Harris County, Texas, being out of the Westerly part of
<br />Lots 6 - 16 of Block 861 of the Map of La porte, said
<br />tract being more particularly described by m.etes and
<br />bounds on Exhibit "EM attached hereto, incorporated by
<br />reference herein, and made a part hereof for all
<br />purposes.
<br />
<br />SUBJECT TO: Grantor retains the right to use the herein
<br />conveyed property for a temporary parking lot, for a term
<br />expiring July 31, 2002.
<br />
<br />Reservations from and Exce1;)tion to Conveyance and Warranty: This
<br />conveyance is made subject to all and singular the restrictions,
<br />conditions, oil, gas, and other mineral reservations, easements,
<br />covenants, leases, encumbrances, the Eller Lease (as defined
<br />herein) and all other matters, if any, applicable to and
<br />enforceable against the above described Property, as reflected by
<br />the Official Public Records of Harris County, Texas, and all
<br />matters affecting the Property which are visible and apparent as of
<br />the date hereof or which a survey would disclose.
<br />
<br />Assicmment of Lease: Grantor assigns to Grantee, and Grantee
<br />assumes, all rights and obligations under that certain Lease
<br />Agreement by and between Eller Media Company, successor in interest
<br />to summit Outdoor J Inc., as lessee, and Grantor f successor in
<br />interest to Ronald F. Norris, Ben D. stanford and Zula Norris
<br />Stanford Roper, as lessor, dated April 24, 1984, as amended by that
<br />certain letter agreement dated November 26, 1986, and as further
<br />amended by that certain Second Amendment to Lease Agreement dated
<br />effective as of July 23, 2003, by and among Grantor and Clear
<br />Channel Outdoor, successor in interest to Eller Media Comoany (the
<br />"Eller Lease") copies of which have been delivered to Grantee
<br />simultaneously with the execution of this instrument. Grantor and
<br />Grantee further agree that all rent under the Eller Lease shall be
<br />prorated as of the date hereof.
<br />
|