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OPTION AGREEMENT,* ,
<br />THE STATE OF TEXAS X
<br />X
<br />COUNTY OF HARRIS X
<br />This Agreement, made and entered into by and between
<br />FIRST CITY NATIONAL BANK OF HOUSTON, acting herein by and
<br />through its duly authorized officers, hereinafter called
<br />GRANTOR, and CITY OF LA PORTE, a municipal corporation,
<br />hereinafter called GRANTEE, all of Harris County, Texas,
<br />W I T N E S S E T H:
<br />I.
<br />For and in consideration of the sum of ONE THOUSAND
<br />TWO HUNDRED SEVENTY DOLLARS ($1,270.00) in cash to it in hand
<br />paid by CITY OF LA PORTE, the receipt of which is hereby
<br />acknowledged, FIRST CITY NATIONAL BANK OF HOUSTON, being the
<br />owner of the hereinafter described real property, does hereby
<br />give and grant to the said GRANTEE, its successors and assigns,
<br />® an irrevocable option, effective until 12:00 o'clock Noon on
<br />the 31st day of October, 1977, to purchase the hereinafter
<br />described property, to -wit:
<br />2.0047 acres of land out of Sylvan Beach First
<br />Subdivision, an addition in Harris County, Texas,
<br />according to the map or plat thereof, recorded in
<br />Volume.3, Page 27, of the Map Records of Harris
<br />County, Texas; 9.4925 acres of land out of Lots
<br />Twenty-two (22) and Twenty-three (23), W. B.
<br />Lowrance Subdivision, an addition in Harris County,
<br />Texas, according to the map or plat thereof,
<br />recorded in Volume 85, Page 596, of the Deed
<br />Records of Harris County, Texas; and 0.511 acre
<br />tract out of the Johnson Hunter League, Abstract
<br />No. 35 in Harris County,. Texas, all as more par-
<br />ticularly described in Deed of Trust, filed for
<br />record under Harris County Clerk's File No.
<br />D 444561.
<br />SUBJECT TO:
<br />® (1) Twenty -foot drainage easement within Lots 22 and
<br />23, W. B. Lowrance Subdivision, granted to George
<br />B. Bush, Sr., and O'Meara Properties, Inc., by
<br />instrument filed for record under Harris County
<br />Clerk's File No. D 510144.
<br />(2) Sanitary sewer lift station easement over and across
<br />a 0.0177 acre tract out of Sylvan Beach First Subdi-
<br />vision tract, granted to City of La Porte, by instru-
<br />ment filed for record under Harris County Clerk's
<br />File No. D 510145.
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