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MEM ORAND OF GREEMENT Date: J ne 16, 2004 City of Paris ATIN: Shawn Napier, City Engineer 150 S,E. 1st St. Paris, TX 75460 County: Lamar Highway No.: Business U.S. 2 Location: From PM 195 Collegiate Drive Project No.: N/A CSJ No.: 0045-09-082 Account No,: 0045-09-082 Parcel No.: 28 TE to Dear Mr, Napier: You have indicated a willingness to sign a deed or yo property, which consists of. 28 acres of land in easement located in the George W. Cox Surve ,Abstr ct No. 164, Lymar County, Te as. It is important to confirm this agreement in or er to void any possible misunderst ding as to the details of the purchase or the process by which t e Tex Department of Transportati n (TxDOT) will make payment. The payment of $839.00 as her in agr ed will constitute full paymen to be made by TxDOT for the property to be conveyed to the St te, Until payment is made by TxDOT, title and poss ssion f the property to be conveyed r mains with you. You shall bear all risk of loss to any and all such rope y prior to such payment. Eith you or TxDOT shall have the right to terminate this agreement. TxDOT and the owner(s) have agreed to the follo ing p ovisions. The payment of the amount herein stated an the erms provided constitute the only promises, consideration and conditions of this purchase; d no 0 her promises, consideration 0 conditions have been signified or implied, save and except any b nefits which may accrue under the S ate's Relocation Assistance Program and the mutual benefits to b deriy d by you and TxDOT from signing of this agreement. The State, without cost to the owner, will pay the cost 0 recording all instruments con eying title to the State. It is suggested that you carefully review the prop sed Ri ht of Way Deed and satisfy yo self (selves) as to its provisions. With your signing of this agre ment d execution of the deed the S ate will proceed with the issuance of a State warrant which will b mad out jointly to you and to Ston Title Company, Inc., agent for Fidelity National Title Insurance C mpan . Fonn ROW-N-l Rev. 512003 GSD-EPC E HIB T .1i. Page 1 of2