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<YY <br />WARRANTY DEED ~~O& <br />(with Vendor's Lien) 7 <br /> <br />"04538 <br />THE STATE OF TEXAS ) <br />) KNOW ALL MEN BY THESE PRESENTS: <br />COUNTY OF LAMAR ) <br />THAT I, RAY SPENCER, a/k/a LINNIE RAY SPENCER, Individually and as Trustee <br />of The Linnie Ray Spencer 1998 Revocable Management "A" Trust (herein called "grantor"), of <br />the County of Lamar, State of Texas, for and in consideration of the sum of Ten ($10.00) and more <br />Dollaiā€¢s cash to me in,hand paid by PAItIS TRIIVITY CHRISTIAN ACADEMY, INC., A Texas <br />Corporation, receipt of which is hereby acknowledged; and <br />One hundred twenty-five thousand and no/100 ($125,000.00) Dollars paid by GUARANTY <br />BANK, Paris, Texas, for the grantee herein at its special instance and request, which sum of <br />. <br />$125,000.00 is evidenced by vendor's lien note in the principal sum of $300,000.00 executed by <br />grantee, payable to GUARANTY BANK as therein provided, secured - to the extent of $125,000.00 <br />- by vendor's lien herein retained and additionally secured by deed of trust to Art Scharlach, Trustee, <br />for the benefit of the holder of said note. The vendor's lien herein retained is hereby transferred and <br />assigned to GUARANTY BANK, Paris, Texas, and it is subrogated to all the rights thereto as if it <br />was the original grantor herein; <br />have Granted, Sold and Conveyed, and by these presents do Grant, Sell and Convey unto <br />PARIS TRINITY CHRISTIAN ACADEMY, INC., A Texas Corporation (herein called "grantee"), <br />of the County of Lamar, State of Texas, where its mailing address is 2060 19" Street NW, Paris, <br />Texas 75460, all that certain tract or parcel of land in Lamar County, Texas described as follows; <br />SUBJECT TO the 50-foot access and utility easement along the West side of the property, as shown <br />on the survey made by Richard Babb, Registered Public Surveyor, dated August 19, 1983: <br />RP 1205mct02 96 <br />