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<br />Mar-05-Z00Z 09:05am From-ASKINS & ARMSTRONG, PC
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<br />Z81 471 Z047
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<br />T-543 P,009/0Z1 F-OQZ
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<br />!:z:aet'4;
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<br />Being a 16,000 square foot (0.3613 of one acre) tract of
<br />land situated in the JolUlsQn Hunter Survey, Ahstraet 35,
<br />Harri; County, Texas, beiug out of the WGsterly part of
<br />Lots 1 - 16 of Block 868 of the Map of La Porte, said
<br />tract being more pa%tic:ularly c1e,c:ribec1 ])y metes and
<br />boUnds on Exhibit ftDn attached hereto, iDcorporated by
<br />~efereuce herein, and made a part hereof for all
<br />purposes.
<br />
<br />Tract s:
<br />
<br />Being a ~,28S .quar~ foot (0.0295 of one acre) tract of
<br />land situated in the Johnson Ruuter survey, Abstract 35,
<br />Harris County, Texas, being out of the We$terly part of
<br />Lots , - 16 of Block 861 of the Map of La iorte, said
<br />t~act being more particularly described by metes and
<br />bounds on EXhihit -B" attached hereto, incoJ:porateci by
<br />reference herein, and made a part hereof for all
<br />pw:poses.
<br />
<br />SUBJECT TO: Grantor :r:etains the right to use the hez:ein
<br />conveyed property for a temporary parkiug lot, for a term
<br />expiring July 31, 2002.
<br />
<br />lte.s..ervatiO!3B from and ~xcept1on to ConvElIvanc:e and Wa2:'r~v; This
<br />conveyance is made subJegt to all and singular the restrictions,
<br />conditions, oil, gas, ana other mineral reservations, easements,
<br />covenants, lea..s, en.cu.m])ra.noes, the Eller Lease (as defined
<br />herein) and all other matters, if any, applicable to and
<br />enforceable against the above described Property, as ~eflected by
<br />the Official PUblic' Rt!cot'ds of Barris 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 Qrantee
<br />assumes, all rights and obligations under that. certain Lease
<br />Agreement by QQ between Bller Xe/,U.. Company, SUccessor in intll7;est
<br />to sutnmit Outdoor, Inc., as ~e.!l..., and. Grantor, succeSSOr in
<br />interQst to Rouald P. Horris, Ben D. Stanford and Zula Norris
<br />Stanford Reper _ as lesso., dat.ec1 April 24, J.984, as amended by that
<br />c.rtai~ letter agreement dated .ovemher 26, 1986, and as further
<br />alllended. by that certain Second Amendment l;Q Lease Agreeft\e~:t dated
<br />effeetive as of July 23, 2D01, 1:)y and aJQOng Grantor and Cleal:
<br />~el Outdoo1:. Gut;!cessor il1. interest to Ell.X" Media Company (the
<br />Eller t.ease") ~cp1es o:E ~h1Clh ~..ve been cle1ive:reci ~o Grantc~
<br />s~mu~taneo1,l,sly w1th the execution ot this instru.ment. Grantor and
<br />G~ante~ further agree ~hat all rent unde~ the Eller Lease shall be
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