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<br />111 Intrrrn .rah in 1 rn•.ntlds ' 1 .usor...1 lire m.t.illmrn 1, A 5 each,
<br />brginnu,e • +• 1h, ____ .L,y ••1 _._______ __. 141 . "sd t.-minu,ng regularly thereafter unlit the
<br />J.ir .•t I' >_. .ns.l th —if,rt In U monthly CJ Annual O other:
<br />,mrallnoerui u1 i_ -__ ' MO—line Interest Cl ploOncerest, beginning on the
<br />Iv _• .,n•I unnnn,ne regularly thrrratter unril the day of
<br />19 _.... ,h, Is Ihr rnme im-mou ,d ptintgml .stall unetrsr then remainnag unpaid %b411 be
<br />1— .inJ r.iyJdr - - - -
<br />1 1 Ill the Wir .hall I ... •..ilr I- nit 1•.-oo"al os the rcrm ,d .i del: usIt. I hruie 11n.len" 1 that rise ladder of
<br />Ilse Mile may 1..•1, "'IN to Ilse a•autity ru.rsdtJ In rile Prad of him .still itinmed en.,r's hen to e"lorce the payment .A the
<br />mA+,ednns '
<br />Any Seller hnancai none maw be rrepail ua a hole or in part :u any time withuur penalty Any prepayments are to he applied toward the payment
<br />0) the installments sit ptincop it last niaturinc •tut interest .hall immediately cease uprm amount of Principal prepaid. The hen securing payment
<br />of such nuae will be mlem" i, :my lien securing ant loan assn tird. akin subject to or given in connection with third pant financing. Each
<br />note herein rmvftW shall be secured by \end,vs and reed .it Trust Item. A Vendor's Lien atul Cleed of Trust to secure any assumption, of
<br />Buyer's rerfnrmance it raken s.dgrcr tit, shall IV rcqunrJ. which licit shalt he :uitrimatically released on eaecutin and skisvery ed a release
<br />tar not l-I der. In case .d d..p.ur .n ", she turns of the Deed. Nutc(sl, ur Deed u1 Trust(s), lurnu ptepoted by the State Bar of Texas shall be
<br />used. Each rive hemaii rn)vikJ 511.111 uns:un rnivinon lot acctleration Id maturity in the event of default and for the payment 4 reasonable
<br />atinmeyi lees if clot river is placnl Ili the hands of an atismey fill colleettun.
<br />S. EARNEST MONEY: s 5 s 000 s 00 n hetrwith tendered inJ is to he deposited as Eamest Money with S I- nnin T1 t 1 p
<br />CO as Escrow Agent, and placed its an interest hearing account, uptxn execution of the Contract
<br />by hnh panrcs.
<br />h l :LIySIN(1 File sh•5mg,w Ili, A, Ul.e 1s.nr•1'hall br nn itr lvlure -DS.t— .1.s _. IUi�_..w within seven
<br />(7) Jas, xher .,bjran.n5 u, utlr have been .mr.l, .1... hexer .late is later.
<br />A. At the d.,Snlg, Seller .lull Jehvrr u. Buyer, .0 h•Ilrr s sale cost and exrrnse, rise tu1L •wu,x:
<br />(0 A JUIy "ecutrJ anJ :sckn. -I AxeJ Ocoscrd Warml11 iv heel cunycyuvg j,•i..l and indefeasible ride to fee simple to all of the Property,
<br />Iree .inJ dear.d any aril all hens, enrlimhmncrs, conJnttins, easentents, assessments, testrvarmns and restrictions, except as permitted
<br />herein anJ /or arri —d! bw Blner on writing:
<br />(2) An Owneri Rdicy of Tide Insurance (the "Title RJicy "1 issued by S t nnp Tit-1p fxn
<br />in the hull artiwmt .d the Sales Price, Jared as of chains, insuring Buyers fee simple title to the Property to be good
<br />And indefeasible ... htx:r only ho ths,.e ride exccrsnwx remucced hrrnn. tit as may be arpmved by Buyer in writing, and she standard
<br />printed exceptions cimsamed in the meal Inrm A the Tile fldicy, rnwileJ, linvever.
<br />Jai the it crrtin as to arcs and txutnslatirt ' ..hall nut be deleted C_ shall IV deleted except for "any shortages In airs" and if
<br />JcleteJ, such Jeletnws shall k an enrcnst .4
<br />(b) the excertiwv as n, restncuce eincnani% 4611 he asJorsed "None id Record';
<br />(c) the excerri.n as t., taxes .hall he (united "o taxes fur the current year and Subsequent years, and subsequent assessments For
<br />rr■w rears due u, changes in land usage ortrynet5hip:
<br />01 Fumnh tv.dencr of its ciraety and anthonty for the chamq of this transaction:
<br />HI Execute all .whir necessan do tuments to cline this transaction.
<br />B. At the chasing, Diarr Jull rerli.rm the lidh,wusg:
<br />(1) r.n Ilse ca.la Ixaoin .J file Sales rice:
<br />(2) Exotuie the riwc(s) and Jerd(s) of trust rnwideJ Ion herein:
<br />(3) Furnish evidence of its capacity anJ authtwstr list the cl-ing .A this transaction;
<br />(4) Frmah u, Seller anJlu Third ryonc lender. it Buyer i exrrn.r, a nimgagrrs rohcy "sued Iq• title company for the deed(s) oil tine herein:
<br />15) Exame all .whir necessary skauments to close this tmnsacin,n.
<br />i. FEASIBILITY STVPY NsrfX it . -. is tow granted the right u, sawiduci an rngmerrme, andl it millet and eeonimic feasibility study ("Feasibility
<br />Study") d the Pn•pctiv. In the event Buytr is granted such right. Buyct shill have 20 _ Javi Item the effective Jate hereof to perform
<br />suds souls, aril in this regard. hotel -it lass desivmi•d agents may enter upsm the rrnreriv j'or purposes ad such analysis, core drilling. or other
<br />tests anJ m.rtarint .Inch min be Joctned necessary In Ruvvr. If Buyer Jetcnnutrs, in hit side ptdgmeni. that the Pmperty is not suitable
<br />for unv vii n tar Ilmcri mrenJ.d use .w porrose, then Soler maw. on written ot,ncr "t idler on ur Letrtre 70 _ ' Jays from the effective
<br />date hcreol, terminate this axreement• aril it Jell IV "1111 .inJ inJ tar all porl—vi and the Eamest Muncy shall be retumeJ to Buyer. If the
<br />written nt•ticc is n t xwtn In Seller wiibm smh prtu,d. this condition and any anJ all objections with respect to the Feasibility Study shall
<br />he deemed ist hate been narveJ by Rona (,it all rurrines. In the event thn Gmtract shall not close, through no fault of Seller. Buyer shall
<br />reitom the Pn petty tit its otiginAl ciidBrn. J changed J,•c Iit Ilse tests and in%pecorhms rcrfonneJ by Buyer, and shall ptuviJe Seller with
<br />a copy .A live re.ulu A any re.rs and trupecuons mile by Buv". excluding any market and ecun"mie feasibility studies.
<br />S. BROKER'S FEE: WhitakP-r -111 171CIF- Century 71 hX Listing
<br />Bn,kcr t 't•1 and a�lpy•�r.
<br />l'o�Bndrr I .'td (co1Ir itVely dsr - nn,ket "1, as niolet, h.ix ne6•stmicd thit salt and Seller agrees to ray Br,kr rt %AJ;o)s.tsunty, Texas.
<br />,m cim -n mati.n of this sale or .n Sellers JeLudt (unless i-themse prtwidcd herein) a coral cash fee of
<br />of the t.w;J Sales Price. which E.crow Atcni .hall paw in-tit the sales pn,cteJs.
<br />V, POSSESSION The 1xw e.v.n ,w Ilse Pnyanv +11.111 be Jrhra•n•J Io Bntrr at lun.lmg. ,
<br />10. irECIAL PROVISIONS
<br />Seller shall provide buyer With necessary clearance from E.P.A.
<br />Property shall be rendered free and clear of any haznrdious materials
<br />or waste.
<br />it ...... t.. oil sin. t. .—I I ... ....... .ta.nl. q•1•lu,d•Ir r,• tin. •ale 1 r f�� ! � ti' A � ^s "y i-,
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