12-12-16 Regular Meeting of the La Porte City Council

Browse Search

DEED WITHOUT WARRANTY NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU MAY REMOVE OR STRIKE ANY OF THE FOLLOWING INFORMATION FROM THIS INSTRUMENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. Date: ___________, 2016 Grantor: City of La Porte, Texas, a municipal corporation Mailing Address: 604 West Fairmont Parkway, La Porte, TX 77571 Grantee: Ybarra Restaurants, Inc., a Texas corporation Mailing Address: 7529 Bayway Drive, Baytown, Texas 77520 Consideration: Ten and No/100 Dollars ($10.00) cash and other good and valuable considerations Vendor's Lien Note: $124,200.00 Further Consideration: The execution and delivery by the said Grantee of one certain amended promissory note of even date herewith in the principal sum shown above as Vendor's Lien Note, payable to the order of Grantor, bearing interest at the rate therein specified, providing for attorney's fees and acceleration of maturity at the rate and in the events therein set forth, and payment of said note being secured by Vendor's Lien and Superior Title retained herein in favor of said Grantor, and by amended and restated Deed of Trust of even date herewith, from Grantee to CLARK T. ASKINS, Trustee, to which reference is here made for all purposes; have GRANTED, SOLD and CONVEYED, and by these presents does GRANT, SELL and CONVEY unto the said Grantee, the following described property, to-wit: Property (including any improvements): BEGINNING at a point located at the northwest corner of Block 708, Town of La Porte, said point being located on the east line of the North 25th Street Right-ofWay and the south line of the West Polk Street Right-of-Way; THENCE in a westerly direction, along the projected south line of the West Polk Street Right-of- Way to its intersection with the center line of the North 25th Street Right-of-Way; THENCE in a northerly direction along the projected center line of the North 25th Street Right-of- Way to its intersection with the north line of the West Polk St. Right-of-Way;