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75'899'1-. <br /> <br /> WARRANTY DEED WITH VENDOR'S LIEN <br />(Vendor's Lien Reserved and Assigned to Third Party Lender) <br /> <br />THE STATE OF TEXAS <br />COUNTY OF LAMAR <br /> <br />KNOW ALL MEN BY THESE PRESENTS: <br /> <br /> THAT THE UNDERSIGNED, EDNA M. DOWLER (formerly DeVoss), joined proforma by her <br />husband CLARENCE DOWLER hereinafter called "Grantor", whether one or more, for and in <br />consideration of the sum ofTEN DOLLARS ($10.00) and other valuable consideration to the undersigned in <br />hand paid by the Grantee herein named, the receipt of which is hereby acknowledged, and the further <br />consideration of the execution and delivery by the Grantee of that one certain promissory note of even date <br />herewith in the principal sum of $24,000.00, payable to the order of BA, NK OF AMERICA, N.A. ("Lender"), <br />as therein specified, providing tbr acceleration of maturity and for attorney's fees, the payment of which note <br />is secured by the vendor's lien herein retained, and is additionally secured by a deed &trust of even date <br />here~vith to PRLAP, INC., TRUSTEE, has GRANTED, SOLD AND CONVEYED, and by these presents <br />does GRANT, SELL AND CONVEY unto, PHIL CARTER herein referred to as the "Grantee", whether <br />one or more, the real property situated in Lamar Count3', Texas and being described to-wit: <br /> <br />Being a 1.378 acre tract of land and a part of the JOHN W. WILLIAMS SURVEY, Lamar County, <br />Texas, fully described on EXHIBIT A attached hereto; <br /> <br /> This conveyance, however, is made and accepted subject to the following:l) Easement to £amar Cottnt)' <br />Water Supply Corporation of record itt l/olume 652 Page 867 Deed Records of Lamar County, T~¥as.2) Easement to T~ras Power <br />attd Light Company of record in Volume 211 Page 106 Deed Records of Lamar CottnO', Texas. <br /> <br /> TO HAVE AND TO HOLD the above described premises, together with all and singular the rights <br />and appurtenances thereto in anyxvise belonging, unto the said Grantee, Grantee's heirs, executors, <br />administrators, successors and/or assigns forever; and Grantor does hereby bind Grantor, Grantor's heirs, <br />executors, administrators, successors and/or assigns to WARRANT AND FOREVER DEFEND all and <br />singular the said premises unto the said Grantee, Grantee's heirs, executors, administrators, successors and/or <br />assigns, against ever)' person whomsoever claiming or to claim the same or any part thereof. <br /> But it is expressly agreed that the Vendor's Lien, as well as Superior Titie in and to the above <br />described premises, is retained against the above described property, premises and improvements until the <br />above described note and all interest thereon are fully paid according to the face, tenor, effect and reading <br />thereof, when this Deed shall become absoIute. <br /> THAT Lender, at the instance and reqnest of the Grantee herein, having advanced and paid in cash <br />to the Grantor herein that portion of the purchase price of the herein described property as is evidenced by the <br />hereinabove described Note, the Vendor's Lien, together with the Superior Title to said property, is retained <br />herein for the benefit &said Lender and the same are hereby TRANSFERRED AND ASSIGNED to said <br />Lender, its successors and assigns. <br /> <br /> Payment of the current ad valorem taxes on the property having been assumed by Grantee. <br /> ..< <br /> It is contemplated that this deed will be signed in counterparts. <br /> <br />RE, 1259 0188 <br /> <br /> <br />