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<br />PURCHASERS CONTRACT OF SALE
<br />SPENWICK PLACE
<br />STATE OF TEXAS
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />COUNTY OF HARRIS
<br />THIS AGREEMENT, made sad entered into by and between YOCUM REALTY CO., a private corporation, of Houston,
<br />Harris County, Texas, hereinafter called Seller and_ i a • D • CO? ~ C ~tC ~, ~l~ :: O AC~10'1 ~.
<br />of Harris County, Texas, hereinafte chaser:
<br />~':
<br />~~ ~' WITNESSETH
<br />_yc,~,~y~~'~,.._sf!-~~.~1.~ ..:T_~iC uY- :. .i. 4'C t.: ..J~J~ Y~'~ ..eaw~~rr.
<br />/~~~ qyd in consideration of the sum of ~"'~' ""'`"'~~"`"`" ''
<br />i~/ ~C// ~~ nollara
<br />(~-~"~~ ~ • ~ ~) to be paid according to the terms hereinafter stipulated Purchaser agrees to buy from Seller Tract
<br />No 3"x-'1 of Block No 7 of SPENWICK PLACE, Sec 1 ,
<br />ia' the Wm. M. Jones Survey, Harris County, Tezas.
<br />The purchase price above stated is to be paid to Seller as follows: nollara
<br />($ ~ • ~nn© } in cash, the receipt of which is hereby acknowledged, and the balance in equal monthly payments of
<br />1'~~~V n '~'~ r
<br />1 each including interest, beginning on the ''yC'~t day of , 19 '~ ,and monthly
<br />thereafter until the total amount of this contract is fully paid, with interest on all unpaid balance at the rate of six (6%) per
<br />cent per annum, payable monthly from date on each installment as accrues, said monthly payments to be first applied to the pay-
<br />ment of interest and the balance applied to principal; payments may be made on or before the due date.
<br />Upon the payment of the purchase price with accrued interest to the Seller in the manner herein provided, said property
<br />will be conveyed by Seller to Purchaser by a Warranty Deed, but until such payments are fully paid, unless otherwise agreed
<br />in writing, title shall remain in Seller.
<br />The Purchaser will be given a guaranty title in the amount of the purchase price at the time property is conveyed to purchaser.
<br />It is agreed by Purchaser that, in the event of failure to meet any payment or monthly installment provided for under this
<br />contract for a period of thirty (30) days after it may become due, Seller shall have the right thereafter, at any time, to forfeit
<br />all previous payments as liquidated damages and rent. Notice of such cancellation being hereby waived, and in the event of such
<br />cancellation, all payments theretofore made by Buyer shall be forfeited to Seller as liquidated damages and rent and Buyer shall
<br />--t itsbe:cep-ist-en3d-property-s~~a-ends-creritr~eeomee-6eHer'ttenent at roll.
<br />r C~
<br />Seller agrees to pay all taxes for the year 19-' Taxes for each succeeding year thereafter shall be paid by Purchaser,
<br />his heirs and assigns. Should Purchaser fail to pay any taxes before they become delinquent, the same may be paid by Seller and
<br />the amount so paid added to the amount, then due, of the purchase price of this contract, and the amount so paid shall bear inter-
<br />est at the rate of six (6%) per cent per annum.
<br />Purchaser may sell or assign his equity in this contract with the written consent of Seller. In the event of such sale or
<br />transfer the party so selling shall be joined by his spouse and execute a transfer to the new Purchaser, who shall succeed to all
<br />rights, delinquencies and liabilities hereunder. Seller expressly reserves the privilege of refusing to consent to any sale or trans-
<br />fer of equity while Purchaser's payments are in arrears
<br />This contract of sale is made subject to the following conditions, covenants, restrictions, and reservations which shall be in
<br />effect until January 1, 1980 and shall be deemed and held to be covenants running with the land and binding upon the Pur-
<br />chaser, his heirs and assigns, and shall be incorporated in the deed to be executed hereunder, to-wit:
<br />(1) All sites except those fronting on Spencer highway shall be used for residence purposes only. Said tracts facing on:
<br />• Spencer Highway may be used for business sites. however, Seller reserves the right to approve type of building and type of
<br />business, and all front elevations on business property shall be made of either tile, brick, stone, plaster or concrete blocks. Sides
<br />of building if-metal or wood moat be painted immediately upon completion, the purpose being to maintain a high standard and to
<br />eliminate the type of business that may be objectionable to a desirable residential section.
<br />(2) No building shall be located nearer to the front lot line or nearer to the aide street line than the building set back lines
<br />shown on the recorded plat. No building, including detached garage or other outbuilding, shall be located nearer than b feet to
<br />any side lot line. No permanent residence or attached appurtenances shall be erected on any lot further than 60 feet from the front
<br />• lot line. Each corner shall be deemed to front on the street on which it has the smallest frontage.
<br />(3) There shall not be built in said subdivision any residence with less than 700 square feet of floor space. Buildings may
<br />be incomplete in the interior. No metal or tin building shall be used for residence purposes. All buildings used for residence pur-
<br />poses shall have either gable or hip roof of shingles, either wood or composition. No ordinary box type house may be used
<br />for residential purposes. All buildings, except brick or plaster over hollow tile, shall be painted before occupancy with two coats
<br />....., of good paint. Gara~ea may be built of metal but not of shed roof type. Garage may a attached to residence. Only a single
<br />family dwelling or uplex may be conatructe~ on say residential site. Temporary dwellings are not permissible.
<br />(4) No bill boards shall be erected or maintained on any residential tract. No church may be constructed or maintained on
<br />any residential tract. No junk yards, no tourist camps, no dance haliq,~no used-car lots, and no beer gardens shall be maintained
<br />on said property. `'
<br />(6) No site shall be used for the purpose of raising hogs, goats, sheep, rabbits or other animals, or as a place for keeping
<br />horses, mules, cattle or animals of any kind; providing, that~the occupant of each residence may keep domestic animals for his own
<br />use and pleasure not exceeding.one milk cow and one horse, or one cow and/or mule. No commercial dog kennel shall be maintained
<br />in the subdivision. ~ -
<br />(6) No cess pool shall ever be dug, used or maintained on any tract. Each and every occupant of a residence shall install a
<br />peptic hank for sewage disposal prior to occupancy, but lateral lines shall not be run into road ditches and drainage must be di~-
<br />posed of on the property. Outside toilets are strictly prohibited.
<br />(7) Easements are reserved for utility installation and maintenance as ahp~vn on the recorded plat.
<br />There is also dedicated for utilities an unobstructed aerial easement five (6) feet wide from plane twenty (20) feet above
<br />the ground upward located adjacent to all easements shown hereon.
<br />(8) Bridges constructed over property line ditches shall be of concrete pipe and of a size not less than 18 inches, or of a
<br />greater size should ditches be of a depth to require same, in order that drainage will not be retarded.
<br />(9) Should the parties hereto, or any of them, their heirs or assigns, violate or attempt to violate any of the covenants or
<br />restrictions herein, it shall be lawful for any other person of persona owning property in the aforementioned subdivision to prose-
<br />-~?tP any proceedings at law or in equity against the person or persons violating or attempting to violate any such covenant or re-
<br />`==~eti~n; and either to prevent him or them from 8o doing, or to recover damages or other dues for such violation.
<br />IN ORDER THAT YOUR ACCOUNT IS PROPERLY CREDITED PLEASE
<br />fURNISM LOT N0. ANO AQPI710N WHlrN MAKING PAYMENT.
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