07-C Landlord's Consent Agreement for RRVFA

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LANDLORD'S CONSENT AGREEMENT (ATIORNMENT) This agreement and consent is made effective the 13th day of August, 2007, between the CIlY OF PARIS, (herein called "Owner") a municipal corporation of Paris, Texas, whose address is P.O. Box 9037, Paris, Texas 75461, and FIRST FEDERAL SAVINGS AND LOAN ASSOCIATION OF PARIS (herein called "Mortgagee"), whose address is 630 C1arksville Street, Paris, Texas 75460 and THE RED RIVER VALLEY FAIR ASSOCIATION, INC., a Texas Corporation, whose address is P. O. Box 964, Paris, Texas 75461. WHEREAS, the Owner is the Lessor in one certain lease agreement, a copy of which is attached hereto and marked Exhibit "A", and is the owner of the real property described therein; and WHEREAS, Red River Valley Fair Association, Inc. is the Lessee in said lease; and WHEREAS, Lessee has requested Mortgagee to make a loan to Lessee in the amount of $125,000.00, and take as security for its note (herein called "Note") a deed of trust lien on its leasehold interest in the real property described on said Exhibit "B" attached hereto; and WHEREAS, Mortgagee is willing to make said loan and take said security only in the event Owner will consent to the terms of this Agreement; and WHEREAS, Owner is willing to consent and agree to the terms hereof so that said loan may be made to Lessee. -1- EXHIBIT .B.