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<br />institute foreclosure or repossession proceedings, the lenders may dismantle the <br />existing improvements and the improvements contemplated by this loan and/or <br />remove it and its contents from the above described tract of land without thereby <br />incurring any kind of obligation to the City of Paris (unless it should, having <br />received ten (10) days prior notice of the intended removal dismantling, elect to and <br />within a reasonable time thereafter pay to the First National Bank of Paris, the full <br />amount then owing to it by Red River Valley Fair Association, Inc., principal, <br />interest, court costs, and attorneys fees, if any. Notice of acceptance hereof by the <br />First National Bank of Paris is expressly waived. <br /> <br />WITNESS the execution hereof in triplicate, this 11 th day of April, 1994. <br /> <br />CITY OF PARIS, PARIS, TEXAS <br /> <br />George Fisher, Mayor <br /> <br />ATTEST: <br /> <br />Mattie Cunningham, City Clerk <br /> <br />APPROVED AS TO FORM: <br /> <br />T. K. Haynes, City Attorney <br /> <br />STATE OF TEXAS } <br />COUNTY OF LAMAR } <br /> <br />BEFORE ME, the undersigned authority, on this day personally appeared <br />George Fisher, Mayor of the City of Paris, known to me to be the person whose <br />name is subscribed to the foregoing instrument, and acknowledged to me that he <br />executed the same for the purposes and consideration therein expressed, as the act <br />and deed of said City and in the capacity therein stated. <br /> <br />GIVEN UNDER MY HAND AND SEAL OF OFFICE, this _ day of <br />April, 1994. <br /> <br />Notary Public, State of Texas <br />