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<br />3.) THENCE North a distance of 108.00 feet to an "X" set in concrete in the south <br />right-of-way line of East Kaufman Street and the north boundary line of said Half <br />Block 4; <br /> <br />4.) THENCE East (Reference Bearing), along the south right-of-way line of East <br />Kaufman Street and the north boundary line of said Half Block 4, a distance of 3 3.10 <br />feet to the POINT OF BEGINNING and containing 0.0821 acre of land. <br /> <br />This conveyance is made subject to any and all easements that are of record and not <br />of record in the Land Records of Lamar County, Texas, that are apparent, visible and <br />ascertainable by inspection on the ground, including any buried beneath the surface <br />of the ground for servicing of utilities and like entities. <br /> <br />for: <br /> <br />$20,000.00 <br /> <br />cash, to be paid as follows ($20,000 minimum bid): <br /> <br />$ <br /> <br />500.00 <br /> <br />$500.00 cash, submitted to SELLER with this bid document <br />as a part of the bid, to be deposited with Stone title Company, <br />Paris, Lamar County, Texas, as earnest money and as part <br />payment, the receipt of which is hereby acknowledged by said <br />deposit holder, to be delivered to SELLER at time of closing, <br />and <br /> <br />$19,500.00 <br /> <br />cash to be delivered to SELLER by PURCHASER at time of <br />closing at Stone Title Company, Paris, Lamar County, Texas, <br />with PURCHASER receiving possession of property on date <br />of closing or as soon thereafter as said property is vacated by <br />all tenants. <br /> <br />If financing will be involved, please state the terms of the financing: <br /> <br />2. <br /> <br />At closing SELLER shall deliver to PURCHASER a Special Warranty Deed conveying title <br />to the property, free and clear of all liens, claims, and encumbrances, except the following <br />("Permitted Encumbrances"): <br /> <br />A. <br /> <br />Real Estate Taxes and assessments net yet due and payable; <br /> <br />B. <br /> <br />Easements or other grants in favor of third parties that do not materially interfere <br />with the current use of the property; <br /> <br />C. <br /> <br />Easements or other grants to utility companies and/or public or quasi public entities <br />to facilitate delivery of utilities to the property, or for road, water, sewer, or other <br />public purposes, regardless of whether they are for the benefit of the property and, <br /> <br />Page 2 of 8 <br />