Laserfiche WebLink
® <br /> <br />a. Real Estate Taxes and assessments not yet due and payable; <br /> <br />Other grants in favor of third parties that do not materially interfere with the <br />current use of the Property; <br /> <br />Easements or other grants to utility companies and/or public or quasi-public emitles <br />to facilitate the delivery of utilities to the Property, or for mad, water, sewer, or <br />other public purposes, regardless of whether they are for the benefit of the <br />Property. <br /> <br />Property condition. The following agreements are made as to the condition of the <br />Property: <br /> <br />a. Buyer accepts the Property in as is condition. <br /> <br />Warranties and remedies. Seller hereby warrants and represents to Buyer that: <br /> <br />Seller is the sole owner of Seller's undivided three-tenths (3/10) interest of said <br />real Property with full right to sell and dispose of same as Seller may choose, and <br />that no other person or persons have any claim, right, title, interest or lien in and <br />to or on said undivided real Property interest, save and except that seven-tenths <br />(7/10) interest owned by Buyer, and subject to any and all other claims, liens, or <br />encumbrances placed thereon by Buyer; <br /> <br />Seller owes no obligation and has contracted no liabilities affecting the real <br />Property which might affect the consummation of the purchase described in this <br />agreement; <br /> <br />Seller shall at or prior to closing pay all obligations owed by Seller against the <br />Property and/or business which is the subject of this agreement; <br /> <br />Seller shall execute and deliver at closing to the Buyer such Warranty Deed and <br />other instruments deemed necessary or proper to transfer to Buyer all the real <br />Property being sold pursuant to this agreement. <br /> <br />Title Insurance. Buyer shall obtain at Buyer's expense a commitment from a Title <br />Insurance Company licensed to do business in the State of Texas (the "Title Company") <br />to issue a standard policy of title insurance on the appropriate TLTA form in the amoum <br />of the purchase price. Said title report shall address the current stares of the tire with <br />regard to the three-tenths (3/10) interest owned by Seller and conveyed herein. <br /> <br />Closing. The closing shall take place on or before May 1, 2003, at Young Title <br />Company, Inc., 2765 N.E. Loop 286, Paris, Lamar County, Texas. At closing, the <br /> <br />Page 4 of 8 <br /> <br /> <br />