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009 <br />THE STATE OF TEXAS ) <br />ASSIGNMENT & AMENDMENT TO EARNEST <br />MONEY CONTRACT - COMMERCIAL <br />UNIMPROVED PROPERTY <br />COUNTY OF LAMAR ) <br />THIS 21st day of March, 1994, BOBBY SMALLWOOD and GLENN <br />TOWNES, as "Buyer" in the contract attached' hereto as Ex- <br />hibit "A" and made a part hereof for all necessary purposes, <br />and the CITY OF PARIS as "Seller" therein, enter into the <br />following agreement: <br />1. The contract attached hereto as Exhibit "A" is <br />extended until June 1, 1994 under the same terms and condi- <br />tions as set out therein; other than Seller specifically <br />agrees that the EPA Phase II Environmental Study required <br />under Paragraph 10 of the contract shall be made no later <br />than forty -five (45) days from date hereof and submitted to <br />Buyer. Should the results of this study indicate any pol- <br />lution which would affect Buyer's intended use of the pro- <br />perty or its marketability, or their attempt to obtain a <br />loan from a lending institution, Buyer shall have the right, <br />upon written notice to Seller, to terminate this contract; <br />and Seller will immediately pay over to Buyer the earnest <br />money provided for in the contract:' <br />2. Seller agrees that Buyer shall have the right to <br />transfer, assign and convey all their right, title and in- <br />terest in this contract to TERRY KILGORE and wife, LINDA <br />KILGORE; and agrees to be bound under the same terms and <br />E� <br />