09-Trinity Christian Academy Zoning Change on Lot 1, Block A

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WARRANTY DEED (with Vendor's Lien) 04538 THE STATE OF TEXAS ) ) KNOW ALL MEN BY THESE PRESENTS: COUNTY OF LAMAR ) THAT I, RAY SPENCER, a/k/a LINNIE RAY SPENCER,. Individually and as Trustee of The Linnie Ray Spencer 1998 Revoeable Management "A" Trust (herein called "grantor"), of the County of Lamar, State of Texas, for and in consideration of the sum of Ten ($10.00) and more Dollars cash to me in,hand paid by PA12IS TRYNITY CHI2ISTIAN ACADEMY, INC., A Texas Corporation, receipt of which is hereby acknowledged; and One hundred twenty-five thousand and no/100 ($125,000.00) Dollars paid by GUARANTY BANK, Paris, Texas, for the grantee herein at its special instance and request, which sum of $125,000.00 is evidenced by vendor's lien note in the principal sum of $300,000.00 executed by grantee, payable to GUARANTY BANK as therein provided, secured - to the extent of $125,000.00 - by vendor's lien herein retained and additionally secured by deed of trust to Art Scharlach, Trustee, for the benefit of the holder of said note. The vendor's lien herein retained is hereby transferred and assigned to GUARANTY BANK, Paris, Texas, and it is subrogated to all the rights thereto as if it was the original grantor herein; have Granted, Sold and Conveyed, and by these presents do Grant, Sell and Convey unto PARIS TRINITY CHRISTIAN ACADEMY, INC., A Texas Corporation (herein called "grantee"), of the County of Lamar, State of Texas, where its mailing address is 2060 19°i Street NW, Paris, Texas 75460, all that certain tract or parcel of land in Lamar County, Texas described as follows; SUBJECT TO the 50-foot access and utility easement along the West side of the property, as shown on the survey made by Richard Babb, Registered Public Surveyor, dated August 19, 1983: -1- RP 12 -W.. 51