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G&ANTZX IS BUYING THE PROpzRTY 'AS IS•, "WHERS IS", SUBJECT TO ALL
<br />FAULTS AND WITHOUT ANY gXPRESSSD OR IMPLIED WARRANTIES OF ANY XIJW,
<br />INCLUDING BUT NOT LIMITED TO, NATERIALS, WORKMANSHIP, GOOD AND
<br />WORKNUM13M CONSTRUCTION, DESIGN, CONDITION, HABITABILITY,
<br />TMUUrMILITT, PIIIRSIS FOR A PARTICULAR PURPOSB, MERCHANTABILITY OR
<br />THE ENVIRONMENTAL CONDITION OF THE PROPERTY AND TOR PRXSBNCE OF OR
<br />CONTAMINATION BY HAZARDOUS MATERIALS AND GRANTOR HERBY DISCLAIMS
<br />ANY SUCH J&RRANTY. GRANTEE HAS DZTZRMINXD ON GRANTEN' S BEHALF ( I )
<br />THZ PSYSICAL CONDITION OF THE PROPERTY AID TBT THERE IS NO DEFBCT
<br />OR CONDITION WHICH IS UNACCEPTABLZ TO GRANTSB, (11) NHBTgBR ANY
<br />PORTION OF THE pROPBRTY LIES IN ANY FLOOD PLXXN, FLOOD WAY OR
<br />SPECIAL FLOOD AAF•ARD AREA, (III) WHETHER ANY GEOLOGICAL FAULT OR
<br />UNSATISFACTORY SOIL CONDITIONf EXISTS ON ANY PORTION OF THE
<br />PROPERTY, AND (IV) THAT ALL 88VIRONM MAL CONVITIOaNS RELATING TO
<br />THE PROPERTY ARE ACCEPTABLE TO GRANTEE. GRANTEE ACIQQOWL9DG8S THAT
<br />GRANTOR MAY SAVE ACQUIRED TITLE TO THE PROPERTY BY FORECLOSURE,
<br />DEED IN LIEU THEREOF OR OTHER REALIZATION OF ITS LIEN OR SECURITY
<br />INTEREST IN THE PROPERTY, GRANTEE FURTHER ACAWWLSDG$S THAT
<br />cD GRANTOR HAS NOT OCCUPIED THE PROPERTY AND THEREFORE, THE PROPERTY
<br />N MAY CONTAIN DEFECTS OR MAY BE IN NEED OF RXPAIR.
<br />N Reservations from and Exception to Conveyance and Warranty: Taxes
<br />o 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 />the county clerk of the aforesaid county.
<br />W
<br />SUBJECT TO:
<br />1. The terms, conditions, stipulations and provisions for access
<br />and easement rights by adjoining landowners to north, as set
<br />forth and defined in that certain City of La Porte Letter
<br />Agreement, dated September 1, 1977, and filed under Harris
<br />County Clerk's File No. F284677.
<br />Z. A utility grate and water meter looated along the south line
<br />of subject property, as reflected and disclosed on survey
<br />dated January 10, 2011, prepared by Scot Lowe, R.P.L.S. No.
<br />5007.
<br />3. That certain Restriction Agreement dated 2012,
<br />by and between the City of La Porte, a mun c.pal corporation,
<br />and a Force Development, Inc., a Texas business corporation,
<br />as recorded under Harris County Clerk, a File No. Ro J-QJ" fl _
<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 />rights and appurtenances thereto in any wise belonging, to have and
<br />hold 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 />2
<br />800lZ00 1d30 OdNI 33H LLRb cc) 91J VvJ 71h•en
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