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18-Zoning; Public Hearing
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08-24-2009
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18-Zoning; Public Hearing
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Last modified
8/23/2012 7:47:38 AM
Creation date
8/21/2009 5:06:57 PM
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CITY CLERK
Doc Name
18
Doc Type
Agenda
CITY CLERK - Date
8/24/2009
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~ <br />THE STATE OF TEXAS <br />CONTRACT OF SALE & PURCHASE <br />COUNTY OF LAMAR <br />BY THIS AGREEMENT AND CONTRACT ROBERT (BOB) UNRUH of Lamar <br />County, Texas, herein called "Seller", agrees to sell and convey to SEED SOWERS CHRISTIANS <br />IN ACTION, A Texas Non-Profit Corporation, by and through its duly authorized President, <br />Donald R. Walker, also of Lamar County, Texas (whose mailing address is <br />herein called "Purchaser", the following <br />described real property and premises in Lamar County, Texas: <br />The property and premises at 1920 South Church Street in the City of Paris, being a <br />tract of 3.754 acres of land in the Larkin Rattan Survey, Abst. No. 778, Save, Except and <br />Less a tract of 1.319 acres of land; all more fully described in Exhibit "A" attached hereto <br />and made a part hereof for all necessary purposes. The purchase price for the within described property shall be Two hundred eighty-five <br />thousand and no/100 ($285,000.00) Dollars, PAYABLE AS FOLLOWS: <br />(a) $60,000.00 in the form of a gift from Seller to Purchaser; and <br />(b) The balance, $225,000.00, PAYABLE AS FOLLQWS: <br />(I) $5,000.00 cash at time of Closing; and <br />(ii) The balance, $220,000.00, evidenced by note from Purchaser to Seller, <br />bearing interest at the rate of 4.00% per annum, payable as follows: <br />INTEREST ONLY one (1) year from date of Closing, with the entire unpaid <br />principal balance, plus accrued interest, due and payable 18 months from date <br />of Closing. Purchaser's note to Seller will be secured by vendor's and deed <br />of trust liens covering the within described property; shall contain the <br />privilege of prepayment without penalty; and both the note and deed of trust <br />shall contain a "due-on-sale" clause. <br />Seller agrees to execute a good and sufficient General Wananty DeeO conveying the property <br />to Purchaser; and Purchaser agrees, when such deed is tendered, to pay the cash payment <br />hereinabove provided for and to execute all documents necessary to consummate this transaction. <br />In the event the improvements on the within described property are destroyed, or damaged <br />beyond repair, by fire, windstorm, hail, explosion or otherwise, before this contract is consummated, <br />Purchaser may - at its option - terminate this contract. <br />TO THE BEST OF SELLER'S KNOWLEDGE AND BELIEF, THERE IS NO <br />ENVIRONMENTAL DAMAGE NOR ARE THERE ANl' HAZARDOUS SUBSTANCES ON <br />THE PROPERTY WHICH WOULD AFFECT ITS USE FOR PURCHASER'S INTENDED <br />]PURPOSES. OTHERWISE, SELLER HAS IVOT MADE AND DOES NOT MAKE ANY <br />REPRESENTATIONS, WARRANTIES OR COVENANTS OF ANY KIND OR <br />CHARACT'ER WHATSOEVER, WHETHER EXPRESS OR IIVIPLIEB, WITH RESFECT <br />TO THE QUALITY OR CONDITION OF THE PROPERTY. SPECIFICALLY, SELLER <br />DOES NOT MAKE ANY REPRESENTATIONS REGARDING SOLID WASTE, AS <br />-1- <br />EXHIBiT g <br />0 - - - 13 ~ <br />
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