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<br />REAL ESTATE PURCHASE AGREEMENT
<br />
<br />STATE OF TEXAS
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<br />§
<br />
<br />KNOW ALL MEN BY THESE PRESENTS:
<br />
<br />COUNTY OF LAMAR
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<br />§
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<br />This Real Estate Purchase Agreement ("Agreement") is made as of this day of ,
<br />2005, by and between the City of Paris, Paris, Texas, a municipal corporation, hereinafter called
<br />SELLER, with an address for notice purposes at 135 1 st Street S.E., Paris, Texas 75460, Attention:
<br />City Clerk and Jeffrey Neilson and Katie Neilson, with an address for notice purposes at Rt. 13, Box
<br />160, Paris, Texas 75462, hereinafter called PURCHASER (whether one or more, "PURCHASER").
<br />
<br />1.
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<br />SELLER agrees to sell and PURCHASER agrees to buy the following described property,
<br />to-wit:
<br />
<br />BEING 0.0821 acres out of a 0.2734 acre tract of land in the Larkin Rattan Survey,
<br />Abstract No. 778, in the City of Paris, Lamar County, Texas; being part of Lot 2, Half
<br />Block 4 of Paris, Texas, the plat of which is recorded in Volume G, Page 299 of the
<br />Lamar County Deed Records (L.C.D.R.); and being part of that certain tract of land
<br />described in deed dated November 3, 1989, to the City of Paris, recorded in Volume
<br />122, Page 234 of the Lamar County Real Property Records (L.C.R.P.R.); said 0.0821
<br />acre tract of land is more particularly described by metes and bounds as follows (all
<br />bearings cited herein are referenced to due East along the south right-of-way line of
<br />East Kaufman Street per Volume 122, Page 234 L.C.R.P.R.);
<br />
<br />BEGINNING at an "X" in concrete found in the south right-of-way line of East
<br />Kaufman Street (40 feet wide per Volume G, Page 299, L.C.D.R.) and the west
<br />right-of-way line of 1st Street SE (40 feet wide per Volume G, Page 299, L.C.D.R.)
<br />for the northeast comer of said Lot 2, Half Block 4;
<br />
<br />1.) THENCE South, along the west right-of-way line of said 1 st Street SE and the
<br />east boundary line of said Half Block 4, a distance of 108.00 feet to an "X" in
<br />concrete set for the southeast comer of said Half Block 4 and the most easterly
<br />northeast comer of that certain tract of land described in deed dated December 18,
<br />2003, to Gibraltar Hotel, LLC, recorded in Volume 1417, Page 156 of the Lamar
<br />County Official Public Records (L.C.O.P.R.), from which a found PK nail bears
<br />North 05 deg. 34 min. East, a distance of 2.34;
<br />
<br />2.) THENCE West, along the south boundary line of said Half Block 4 and said plat
<br />of Paris, Texas and the most easterly north boundary line of said Gibraltar Hotel,
<br />LLC tract, a distance of 33.1 0 feet to an "X" set in concrete;
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<br />Page 1 of 8
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<br />EXHIBIT A.
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