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A~REEMENT <br />STATE OF TEXAS X <br />COlTNTY OF LAMAR X. . - •i - <br />~ <br />on the 9th day of February, 1981~ a~ease <br />WHEREAS, <br />eement was made and entered intoobYPaTdSbeTexas,~ as CIT <br />Agr <br />OF PARIS, a municipal corporation~ <br />owner and Lessor, and RED RIVER VALLEY EXPOSITION, IN a <br />cor oration, as Lessee, covering the property and presnises <br />P Texas commonly known as the Fair Grounds <br />in Lamar.County, <br />and being described in ExhibitASttan ed hereto and in- <br />corporated herein for all purpo e, <br />^WHEREAg, Red River Valley Exposition, Inc., is arrang- <br />ing for the construction and.eroWtiocateddonathislpropertye <br />livestock exhibition building n <br />the construction, and erectj_onoitWh ag eementhand-deedeofitrust <br />and the debt secured by a secu y <br />obtanlsuchg and <br />n and against the existing livesincorderltot i <br />the improvements to be made, and <br />" financing it is required~by the lreatedtbyttheeexecutionPofis <br />subordinate its landlord s lle~eement and deed of trust; and, <br />the aforementioned security ag__ <br />rove- <br />.~Y~ y7HEREAS, the construction ot <br />ments to the livestock exhibition <br />substantial value and benefit to <br />'d ts• NOW THEREFORE, <br />these initial <br />building will be of <br />the City of Paris and its <br />resi en , ► KNOW ALL MEN BY THESE PRESENTSon ofathehCitytofoParis,s, <br />pursuant to a duly adopted resolut Michael <br />,acting by and through its dthe CithoClerk,M yH.orC• Greene, <br />E. Malone, and attested by y- <br />hasand does hereby suboadbankingncorporation lof Paris, <br />National Bank in Paris, <br />Texas, in consideration of itbu~enotnmoredthaneTHIRTYey <br />Exposition, Inc., as much as . <br />THOUSAND DOLLARS ($30,000.00), t0•finance said construction <br />of certain improvements and a cominunity ~ exhibition building, the Landlord's lien-it has and =olert <br />hold against the buildingS amentmaforementionedthso tl?P_at----- <br />by virtue of its Lease Agree <br />the security agreement and aeiacof touthitolend~rCtoef b ance <br />Red River Valley Exposition~ , Whic~ consist of a,com- <br />the construction of the improvements - rlor ' st'and munity _exhibition buildiag will <br />ot onlyrof the original <br />lien thereon securing the p Y~ but new <br />indebtedness but also renewals thatnthenexisting,, <br />partial or otherwise,•fuY ther agr <br />--cQCnmunity-exhibition andlallgfurniture, f~Provurnisementshings, an fhereixturtoes <br />additions to be made time Placed thereon or affixed t <br />and equipment at any <br />shall not be integrated into ane rortiontofethetloanlformthe <br />personal property so long a Y P - <br />construction of these improvements remain unpaid___ _ <br />j Should Red River Valley Exposition, Inc. ' default in <br />a ent of the indebtedness contemplated to be created by <br />P YII' <br />. <br />i ~ <br />i ` <br />e <br />