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N <br />1- <br />U) <br />r <br />L0 <br />O) <br />n <br />ch <br />O <br />UNSATISFACTORY SOIL CONDITION EXISTS ON ANY PORTION OF THE <br />PROPERTY, AND (IV) THAT ALL ENVIRONMENTAL CONDITIONS RELATING TO <br />THE PROPERTY ARE ACCEPTABLE TO GRANTEE. GRANTEE ACKNOWLEDGES THAT <br />GRANTOR MAY HAVE ACQUIRED TITLE TO THE PROPERTY BY FORECLOSURE, <br />DEED IN LIEU THEREOF OR OTHER REALIZATION OF ITS LIEN OR SECURITY <br />'INTERE8T IN THE PROPERTY. GRANTEE FURTHER ACKNOWLEDGES THAT <br />GRANTOR HAS NOT OCCUPIED THE PROPERTY AND THEREFORE, THE PROPERTY <br />MAY CONTAIN DEFECTS OR WAY BE IN NEED OF REPAIR. <br />Reservations from and Exception to Conveyance and warranty: Taxes <br />for the current year have been prorated and are assumed by Grantee. <br />This conveyance is made subject to all and singular the <br />Restrictions, conditions, oil, gas, and other mineral reservations, <br />easements, and covenants, if any, applicable to and enforceable <br />Against the above described property as reflected by the records of <br />.xhe county clerk of the aforesaid county. <br />Grantor for the consideration and subject to the reservations from <br />and exceptions to conveyance and warranty, grants, sells, and <br />conveys to Grantee the property, together with all and singular the <br />#ghts.and appurtenances thereto in any wise belonging, to have and <br />bold it to Grantee, Grantee's heirs, executors, administrators, <br />successors, or assigns forever. Grantor binds Grantor and <br />Grantor's heirs, executors, administrators, and successors to <br />warrant and forever defend all and singular the property to Grantee <br />and Grantee's heirs, executors, administrators, successors, and <br />assigns against every person whomsoever lawfully claiming or to <br />claim the same or any part thereof, by, through, or under Grantor <br />but not otherwise, except as to the reservations from and <br />exceptions to conveyance and warranty. <br />But it is expressly agreed and stipulated that the Vendor's Lien <br />and Superior Title are retained in favor of the payee in said note <br />against the above described property, premises and improvements, <br />until said note, and all interest thereon is fully paid according <br />to -the face and tenor, effect and reading thereof, when this deed <br />OAll become absolute, <br />CITY OF LA PORTS <br />tOF <br />DEVELOPMENT CORPORATION <br />By: <br />RICH1M WARREN, Press ent <br />a; <br />A ST: <br />r <br />Secretary <br />APPR S TO FORM; <br />KNO% W. ASRLNS <br />City Attorney <br />