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it in favor of the First City National Bank of Paris for <br />the purpose aforementioned, and if this lender should <br />institute foreclosure or repossession proceedings, the <br />lender may dismantle the existing improvements and the <br />improvements contemplated by this loan and/or remove it <br />and its contents from the abovP described tract of land <br />without thereby incurring any kind of obligation to the <br />City of Paris (unless it should, having received ten (10) <br />days prior notice of the intended removal dismantling, elect <br />to and within a reasonable time thereafter pay to the First <br />City National Bank of Paris the full amount then owing to <br />it by Red River Valley Exposition, Inc., principal, interest, <br />court costs, and attorneys fees, if any), Notice of accept- <br />ance hereof by the First City National Bank of Paris is <br />expressly waived. <br />Witness the execution hereof in triplicate, this <br />day of March, 1981. <br />CITY OF PARIS <br />By <br />Mic ae E. Ma one, Mayor <br />ATTEST: <br />H. C. Greene, City C er <br />STATE OF TEXAS X <br />COUNTY OF LAr7AR X <br />BEFORE ME, the undersigned authority, on this day <br />personally appeared MICHAEL E. MALONE, Mayor of the City <br />of Paris, known to me to be the person whose name is sub- <br />scribed to the foregoing instrument, and acknowledged to <br />me that he executed the same for the purposes and consider- <br />ation therein expressed, as the act and deed of said City <br />and in the capacity therein stated. <br />GIVEN UNDER MY HAND AND SEAL OF OFFICE, this day <br />of March, 1981. <br />otary u ic, tate o Texas <br />