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17 Request for Zoning Change 3755 FM 195 AFFIDAVIT REQUEST FOR AMENDMENT TO ZONING ORDINANCE NO. 1710 STATE OF TEXAS S COUNTY OF LAMAR S BEFORE ME, the undersigned authority, on this day personally appeared Dennis Chalaire who upon oath deposes and says: "I am Ross Moore whose address is 18511 FM 79, Sumner, TX 75486, and whose phone number is (903) 739-2365, and who has a proprietary interest in property located within the corporate limits of the City of Paris being described as follows: 1.796 Acres 3755 FM 195 My interest in the above-described property is AQent for Owner, and I do request a change in zoning from an Agricultural District (A) to a Commercial District (C). "In support of said request I make the following answers to questions 1-4: 1. Will the re-zoning be in accordance with the original comprehensive zoning scheme, as represented by the pre-established zoning ordinance and the long range master plan and map that has been adopted by the zoning ordinance? YES 2. Will the re-zoned designation be compatible with the classification and use of adjoining lands so as to avoid adverse impact on neighbors? YES 3. Is the tract unsuitable for uses permitted under the present zoning classification: therefore justifying a change in zoning? YES 4. Does the re-zoning bear a substantial relationship to the public health, safety, morals or general welfare or protect and preserve historical and cultural places and areas or meet a substantial public need? YES 5. HAS A COpy OF THE LAND DEED BEEN SUBMITTED? NO - Contract to Buy .4? #/:-- Signature of Applicant SWORN TO AND SUBSCRIBED BEFORE ME, by the said Ross Moore on this 9th day of May, 2006. N JAN!CE WORTHAM NOTARY PUBLIC , - {'r'!\Tr. OF TEXAS \ ~~f ;,i. nIF"S;I;~ Expires 05.12.2009 ~11111iI1\\\\\\'\ ",y ",1." u r'" Reference Bearing: Center line of Form Rood 195 CP No. 480891 0008 A FHBM PDarnell Disk-733 11-2-04 ''''''. " ""', , " , , " "- , ,> 'IS' ~ ~ v0 ....0'<'0 .~.... ",<, , \~ o(Co o~~ a' (CoO v' '" "'J'? ,,~ ~", '" .:::.,21-' lo".., 0,. a COli 1:;)"'- VOl ~ ty .S; A, '.1'0 WOf v0 'V 6 . ~ /:> e,. S. ....e,{C' e, <1 7 ;>'~ 0919 , 1I1>1>1y ,,(Co'+-,~ <0'" '5 '1:' o(Co /A, o~ ~ D 'Y ~ a' (CoO i~t,.. ~ M'" lCDA' let '.~ ~ ;.\'C, '..q . '9.f'J~ <0 c. vOl ~'t'J-ji~ . "" 'oJ"" -...: .~/O lD , e, ~'(J.S o~ /:> ',~ '" , ~ 0919 P"""'O " '''''', S' '~er '''''' ;:, '5< ' "'''''', J ' " """~ lCA'/:> " ;J? " '- Q. IV , '. ;:,.~, " '. J " . , , ""'. "- i' , , Q.o , '-. , 1.796 AC ./ /~. ./' , / / / / \<:./ / ~o~./ / ./' I< './ '>V/ .0 /j ././ / / / 1-- / ......... t .' " ~./ " ../ y~ 9><-:J./ " " \/ " ',-.). . . ./ ' 0'->/ <<--0./....... ./ ....... '......., , lD ;g ~ 0(:' <:> ~. ~, ./ ~C~ ~~Qt:,,>.~.~I,...' ~ c.'I"';' It... "''L \ ~.,,~(. *.... f:;o/'..t/;fJ\ ..<t"' q.. ,t~ "'..:- i\ .... J.. ""/';'(' ',,:';':;: ;::.: .~~.. :;;, "J, ....\..,~,~.~.dFl.~;Or\1 t~., .- ,."......... ". ',," L'O""' " !'''''''i,' \'>'0 't ~-5 .. '?:' ~,>'> rrf! , ,<' ',-.. I ". J'<'" \0 ..". .' "' -, .... ',' " ,.' fl "-' "k ~.'''''''''.\. fJ~ All ;:;'Jfl\!t:~.J"'''''i ~T};~'(J,~ ../ ./ 75 38 0 I s)-set ~rs)-reset -x- = fence 1" = 75' 75 I 150 Jl(f)-found I ."- ---J //'L /t -7. 4- dote up = utility pole J.M. Nelson, RPLS of Texas, #4025 Nelson Surveying Company 920 N. Main st. Paris, Texas 75460 903-785-3551 fax: 903-785-3399 E-mai: ;me1stametcom J.M. NeI8on, RegIstered Profe88ionaJ Land 8Irveyor of rexu. 14025 cip = 1/2" copped iron pin @ This survey Is only wild If It has an original signature and seal. Any chang.s made will void this survey. Befare any construction. all utility componles should be contacted for location of their respective utility lines 100 year flood zones are scanned and Inserted from FHBM ar FIRM unle" otherwise noted hereon. " ~ Poge:~of ~ -~ Nelson Surveying Company 920 North Main Street Paris, Texas 75460 903-785-3551 fax 903-785-3399 e-mail jimn@1starnet.com Jim Nelson, owner J. M. Nelson, Registered Professional Land Surveyor of Texas, #4025 These field notes are for use only by the 'group or persons' certified to. Surveyor assumes no liability for any modification or unauthorized copies. PDarnell Disk-733 FM195 WAskins #7 Reference Bearing: Center line of Farm Road 195 FIELD NOTES Situated within the Corporate Limits of the City of Paris, County of Lamar, and State of Texas, a part of the Wesley Askins Survey #7, and being a part of tract #3 as conveyed to Paul Dennis Darnell by deed recorded in Vol. 1341, Page 162, of the Real Property Records of said County and State, said Darnell tract #3 originally being a part of a called 143.5 acre tract of land conveyed to J.H. Darnell et ux by deed recorded in Vol. 341, Page 273, of the Deed Records of said County and State. Beginning at a Southeast corner of said Darnell tract #3 and at the present Southwest corner of a called 0.24 acre tract of land conveyed out of said Darnell 143.5 acre tract to Lamar County Water Supply District by deed recorded in Vol. 497, Page 111, of said Deed Records, said corner being North 64017'23" West a distance of 0.29 feet from a Y2" iron pin (f) (iron pin South of the North Boundary Line of said Farm Road 195) for reference at the called Southwest corner of said 0.24 acre tract. Thence North 64017'23" West a distance of 344.83 feet to a 3/8" iron pin (f) for corner at an el corner of said Darnell tract #3 and at the Northwest corner of a called 1 acre tract of land conveyed out of said Darnell 143.5 acre tract to said Lamar County Water Supply District by deed recorded in Vol. 703, Page 116, of said Deed Records; Thence South 46043'34" West a distance of 190.59 feet to a chain link fence po~t (f) for corner in a West Boundary Line of said Darnell tract #3 and in the East Boundary Line of a called 1.579 acre tract of land conveyed to Maryann E. Martz et vir by deed recorded in Vol. 769, Page 296, of said Real Property Records, said Martz 1.579 acre tract originally being a part of said Darnell 143.50 acre tract; Thence South 32058'46" East a distance of 259.48 feet to a 3/8" iron pin (f) for corner at a Southwest corner of said Darnell tract #3 and at the Southeast corner of said Martz 1.579 acre tract; Thence North 57011'16" East along the North Boundary Line of said Farm Road 195 a distance of 366.72 feet to the place of beginning and containing 1.796 acres of land. I, J.M. Nelson, Registered Professional Land Surveyor of Texas, #4025, certify to Paul Darnell, that the above depicted and described tract of land was taken from an actual survey made on the ground and completed by me on the 2nd day of November, 2004, that there doesn't appear to be any visible improvements, easements or encroachments other than those shown thereon, and that this tract of land does not appear to lie in a flood zone as indicated by Community Panel No. 480891 0008 A of the Flood Hazard Boundary Maps. ~~\~~~~ .-.: 0 Fl" ""'t;, ,,"'i'~"''''''''''.''l,~ b. "'J~\ A. r' ..". ....,..' t~ "';\..r\.f l,,{\'- "'.> ~...,('; \ ';k- 1~,o~...:,J1 f\ ':::<~~~~I~~~?) -<-"'(Ai __ ..,...~,,~. "".'....... ""t\l ~::p ,~7 tH~~; \::~~;:'r '~~!.J:i.f;,:"~~''"" ~~ A/L - J.M. Nelson, RPLS of Texas, #4025 /1-::1 _J7'1-- date Page -=- of .:., TEXAS As SOCIA nON OF REALTORS@ COMMERCIAL CONTRACT.. UNIMPROVED PROPERTY USE OF THIS FORM BY PeRSONS IIIIHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF RSAl TORse> IS NOT AUTHORIZED. ~Texa:< AllliOc:liltlon of REALTOR$, Inc. 2005 1. PARTIES: Seller agrees to sell and convey to Buyer the Property described in Paragraph 2. Buyer agrees to buy the Property from Seller for the sales price stated in Paragraph 3. The parties to this contract are: Seller: PAUL DARl'IELL Address: 501 CR42400. P.lIRIS. TE..,{ 75062 Phone: (903} 784-5039 Fax: Ewmail: Buyer: RED RIVER kAl\IDSCAPTI\1G INC. Address: 85 PR36270. SUL@;"ER. TEX 75486 Phone: (99~i 517-8474 Fax: E-mail: 2. PROPERTY: A. "Property" means that real property situated in LA"lv".!AR. County, Texas at (address) and that is legally described on the attached Exhibit Al?PROXI1~1.TELY 1. 79 f .Fees E'l.'<I19 5 E. or as tollows: B. Seller will sell and convey the Property together with: (1) all rights, privileges, and appurtenances pertaining to the Property, including Seller's right, title, and interest in any minerals, utilities, adjacent streets, alleys, strips, gores, and rights-ot-way; (2) Seller's interest in aI/leases, rents, and security deposits tor all or part of the Property; and (3) Seller's interest in all licenses and permits related to the Property. (Describe any exceptions, reservations, or restrictions in Paragraph 12 or an addendum.) 3. SALES PRICE: A. At or betore closing, Buyer will pay the following sales price for the Property: (1) Cash portion payable by Buyer at closing ...................,..... $ :3. DOO, 00 (2) Sum of all financing described in Paragraph 4 . . . . . . . . . . . . , . . . . . . . . . $ ~5 . QOo . 00 (3) Sales price (sum of 3A(1) and 3A(2)) . . . . . . . . . . . . . . . . . . . . . . . . . , . . . $ ;;8,000.00 (TAR.1802) 10-18-05 In.aled for Identification by BUyevi: _ and Seller _ ,_ CENTURY 21 PARKER-HARVEY PROPERTIES 2550 LAMAR, PARIS TX 75460 Phone: (903) 785-8484 Fax: Gerald Whitesides Page 1 of 12 DARNELL TO Prnrt""Jairl with 7inFflrm™ h\l I::()J= F=nrmc:NRf I J r; 1Rn?h F=ift~n Milp R,,:::;rn rWntnn Tf\wnc:hin Minhiru:rn 4M~~ \AMAIt17infnrm I";f'lm r-" Commercial Contract ~ Unimproved Property Concerning n~19 e~ B. Adiustment to Sales Price: (Check (1) or (2) only.) !Xl (1) The sales price will not be adjusted based on a survey. o (2) The sales price will be adjusted based on the latest survey obtained under Paragraph 6B. (a) The sales price is calculated on the basis of $ per: a (i) square foot of 0 total area D net area. D (ii) acre of D total area 0 net area. (b) "Total area" means all land area within the perimeter boundaries of the Property. "Net area" means total area less any area of the Property within: o (i) public roadways; o (ii) rights-of-way and easements other than those that directly provide utility services to the Property; and o (i Ii) (c) If the sales price is adjusted by more than % of the stated sales price, either party may terminate this contract by providing written notice to the other party within days after the terminating party receives the survey. If neither party terminates this contract or if the variance is less than the stated percentage, the adjustment to the sales price will be made to the cash portion of the sales price payable by Buyer. 4. FINANCING: Buyer will finance the portion of the sales price under Paragraph 3A(2) as follows: [fJ A. Third Party Financina: One or more third party loans in the total amount of $ 35.000,00 This contract: o (1) is not contingent upon Buyer obtaining third party financing. ~ (2) is contingent upon Buyer obtaining third party financing in accordance with the attached Commercial Contract Financing Addendum. o B. Assumption: In accordance with the attached Commercial Contract Financing Addendum, Buyer will assume the existing promissory note secured by the Property, which balance at closing will be $ o C. Seller Financing: The delivery of a promissory note and deed of trust from Buyer to Seller under the terms of the attached Commercial Contract Financing Addendum in the amount of $ 5. EARNEST MONEY: A. Not later than 3 days after the effective date, Buyer must deposit $ 500,00 money with STONE TITLE co (escrow agent) at ':1-, 1 C!""' )'i .,."~ ~L.""-'" ""'~~~ -f c::: n ~'" , ,_ ......,j _~_.t-....:,,_r~_~_r___.._l1..~....~-.;! ..!.l!.irt.''1.. ..;..rCf.Ol,) (address). If Buyer fails to timely deposit the earnest money, Seller may terminate this contract by providing written notice to Buyer before Buyer deposits the earnest money and may exercise Seller's remedies under Paragraph 15. B. Buyer will deposit an additional amount of $ with the escrow agent to be made part of the earnest money on or before: o (i) days after Buyer's right to terminate under Paragraph 78 expires; or o (Ii) . Buyer will be in default if Buyer fails to deposit the additional amount required by this Paragraph 58 within 3 days after Seller notifies Buyer that Buyer has not timely deposited the additional amount. C. Buyer may instruct the escrow agent to deposit the earnest money in an interest-bearing account at a federally insured financial institution and to credit any interest to Buyer. (T AR-1802) 10-18-05 Initialed for Identification by BUyerii-. _and Seller _, ( - as earnest Page 2 of 12 Produced with ZipForm™ by RE FormsNet. LLC 18025 Fifteen Mile Road, Clinton Township, Michigan 48035 WWW.ZiDfof!l1.com DARNELL TO r" Commercial Contract - Unimproved Property Concerning Flv1195 6. TITLE POLICY AND SURVEY: A. Title Policv: (1) Seller, at Seller's expense, will furnish Buyer an Owner's Policy of Title Insurance (the title policy) issued by _ STONE TITLE co (title company) in the amount of the sales price, dated at or after closing, insuring Buyer against loss under the title policy, subject only to: (a) those title exceptions permitted by this contract or as may be approved by Buyer in writing; and (b) the standard printed exceptions contained in the promulgated form of title policy unless this contract provides otherwise. (2) The standard printed exception as to discrepancies, conflicts, or shortages in area and boundary lines, or any encroachments or protrusions, or any overlapping improvements: o (a) will not be amended or deleted from the title policy. o (b) will be amended to read "shortages in areas" at the expense of 0 Buyer 0 Seller. (3) Buyer may object to any restrictive covenants on the Property within the time required under Paragraph 6C. (4) Within 10 days after the effective date, Seller will fumish Buyer a commitment for title insurance (the commitment) including legible copies of recorded documents evidencing title exceptions. Seller authorizes the title company to deliver the commitment and related documents to Buyer at Buyer's address. 8. Survey: Within days after the effective date: o (1) Buyer will obtain a survey of the Property at Buyer's expense and deliver a copy of the survey to Seller. The survey must be made in accordance with the Texas Society of Professional Surveyors' standards for a Category 1A survey under the appropriate condition. o (2) Seller, at Seller's expense, will furnish Buyer a survey of the Property dated after the effective date. The survey must be made in accordance with the Texas Society of Professional Surveyors' standards for a Category 1A survey under the appropriate condition. ~ (3) Seller will deliver to Buyer and the title company a true and correct copy of Seller's existing survey of the Property dated 11/03/04 along with an affidavit required by the title company for approval of the survey. If the survey is not acceptable to the title company, Seller, at Seller's expense, will obtain a survey acceptable to the title company and deliver the acceptable survey to the Buyer and the title company within 15 days after Seller receives notice that the existing survey is not acceptable to the title company. The closing date will be extended daily up to 15 days if necessary for Seller to deliver an acceptable survey within the time required. C. Buyer's Obiections to the Commitment and Survey: (1) Within days after Buyer receives the commitment, copies of the documents evidencing the title exceptions, and any required survey, Buyer may object in writing to matters disclosed in the items if: (a) the matters disclosed constitute a defect or encumbrance to title other than those permitted by this contract or liens that Seller will satisfy at closing or Buyer will assume at closing; or (b) the items show that any part of the Property lies in a special flood hazard area (an "A" or "V" zone as defined by FEMA). If Paragraph 6B(1) applies, Buyer is deemed to receive the survey on the earlier of: (i) the date of Buyer's actual receipt of the survey; or (ii) of the deadline specified in Paragraph 68. (TAR~1802) 10-18-05 Initialed for Identlfi""tion by BUyerlft ,_ and Se"er _ ,_ Page 3 of 12 Produced with ZipForm'lM by RE Form$Net, Lire 18025 FIfteen Mile Road, Clinton Township, Michigan 48035 wwwziDform.cojD DARNELL TO r" Commercial Contract ~ Unimproved Property Concerning FM:lfi)5 (2) Seller may, but is not obligated to, cure Buyer's timely objections within 15 days after Seller receives the objections. The closing date will be extended as necessary to provide such time to cure the objections. If Seller fails to cure the objections by the time required, Buyer may terminate this contract by providing written notice to Seller within 5 days after the time by which Seller must cure the objections. If Buyer terminates, the earnest money, less any independent consideration under Paragraph 7B(1), will be refunded to Buyer. (3) Buyer's failure to timely object or terminate under this Paragraph 6C is a waiver of Buyer's right to object except that Buyer will not waive the requirements in Schedule C of the commitment. 7. PROPERTY CONDITION: A. Present Condition: Buyer accepts the Property in its present condition except that Seller, at Seller's expense, will complete the following before closing: NONE B. Feasibilitv Period: Buyer may terminate this contract for any reason within 30 days after the effective date (feaSibility period) by providing Seller written notice of termination. (Check only one box.) lID (1) If Buyer terminates under this Paragraph 7B, the earnest money will be refunded to Buyer less $ 100,00 that Seller will retain as independent consideration for Buyer's unrestricted right to terminate. Buyer has tendered the independent consideration to Seller upon payment of the amount specified in Paragraph 5A to the escrow agent. The independent consideration is to be credited to the sales price only upon closing of the sale. If no dollar amount is stated in this Paraaraph 7B(1) or if Buver fails to timely deposit the earnest mone)(. Buyer will not have the riaht to terminate. under this Paragraph 7B. D (2) Not later than 3 days after the effective date, Buyer must pay Seller $ as independent consideration for Buyer's right to terminate by tendering such amount to Seller or Seller's agent. If Buyer terminates under this Paragraph 7B, the earnest money will be refunded to Buyer and Seller will retain the independent consideration. The independent consideration will be credited to the sales price only upon closing of the sale. If no dollar amount is stated in this Paragraph 78(2) or if Buver fails to timelv pay the indeQendent consideration. Buver will not have the right to terminate und~r this Paragraoh7B. C. Inspections. Studies. or Assessments: (1) During the feasibility period, Buyer, at Buyer's expense, may complete or cause to be completed any and all inspections, studies, or assessments of the Property (including all improvements and fixtures) desired by Buyer. (2) Buyer must: (a) employ only trained and qualified inspectors and assessors; (b) notify Seller, in advance, of when the inspectors or assessors will be on the Property; (c) abide by any reasonable entry rules or requirements of Seller; (d) not interfere with existing operations or occupants of the Property; and (e) restore the Property to its original condition if altered due to inspections, studies, or assessments that Buyer completes or causes to be completed. (3) Except for those matters that arise from the negligence of Seller or Seller's agents, Buyer is responsible for any claim, liability, encumbrance, cause of action, and expense resulting from (TAR-1802) 10-18~05 Initialed for Identmcation by BU'er 11, _and Saller _, __ Page 4 of 12 Produced with ZipForm™ by RE FormsNet, LLC 18025 Fifteen Milo Road, Clinton Township, Michigan 48035 ~,zipform.com DARNELL TO i'." Commercial Contract. Unimproved Property Conceming Fl'1195 Buyer's inspections, studies, or assessments, including any property damage or personal injury. Buyer will indemnify, hold harmless, and defend Seller and Seller's agents against any claim involving a matter for which Buyer is responsible under this paragraph. This paragraph survives termination of this contract. D. Property Information: (1) Delivery of Property Information: Within days after the effective date, Seller will deliver to Buyer: CJ (a) copies of all current leases pertaining to the Property, including any modifications, supplements, or amendments to the leases; CJ (b) copies of all notes and deeds of trust against the Property that Buyer will assume or that Seller will not pay in full on or before closing; o (c) copies of all previous environmental assessments, geotechnical reports, studies, or analyses made on or relating to the Property; a (d) copies property tax statements for the Property for the previous 2 calendar years; o (e) plats of the Property; o (f) copies of current utility capacity letters from the Property's water and sewer service provider; and o (g) (2) Return of Propertv Information: If this contract terminates for any reason, Buyer will, not later than 10 days after the termination date: (a) return to Seller all those items described in Paragraph 7D(1) that Seller delivered to Buyer and all copies that Buyer made of those items; and (b) deliver copies of all inspection and assessment reports related to the Property that Buyer completed or caused to be completed. This Paragraph 7D(2) survives termination of this contract. E. Contracts Affecting Operations: Until closing, Seller: (1) will operate the Property in the same manner as on the effective date under reasonably prudent business standards; and (2) will not transfer or dispose of any part of the Property, any interest or right in the Property, or any of the personal property or other items described in Paragraph 28 or sold under this contract. After the feasibility period ends, Seller may not enter into, amend, or terminate any other contract that affects the operations of the Property without Buyer's written approval. 8. LEASES: A. Each written lease Seller is to assign to Buyer under this contract must be in full force and effect according to its terms without amendment or modification that is not disclosed to Buyer in writing. Seller must disclose, in writing, to Buyer if any of the following exist at the time Seller provides the leases to the Buyer or subsequently occur before closing: (1) any modifications, amendments, or default by landlord or tenant under the leases; (2) any failure by Seller to comply with Seller's obligations under the leases; (3) any circumstances under any lease that entitle the tenant to terminate the lease or seek any offsets or damages; (4) any advance sums paid by a tenant under any lease; (5) any concessions, bonuses, free rents, rebates, brokerage commissions, or other matters that affect any lease; and (6) any amounts payable under the leases that have been assigned or encumbered, except as security for loan( s) assumed or taken subject to under this contract. 8. Estopoel Certificates: Within days after the effective date, Seller will deliver to Buyer estoppel certificates signed not earlier than by each tenant that leases space in the Property. The estoppel certificates must s~: (TAR"1802) 10-18-05 Initialed for Identification by BUyea, _ and Seller ~_,_ Page 5 of 12 Produced with ZipForm™ by RE FormsNet, L.LC 18025 Fifteen Mile Road, Clinton Township. Michigan 48035 www.ziDform.com DARNELL TO r'.' Commercial Contract - Unimproved Property Concerning :E'l'4195 (1) that no default exists under the lease by the landlord or tenant as of the date the estoppel certificate is signed; (2) the amount of the scheduled rents to be paid through the end of the lease and any rental payments that have been paid in advance; (3) the amount of any security deposit; (4) the amount of any offsets tenant is entitled against rent; (5) the expiration date of the lease; (6) a description of any renewal options; and (7) 9. BROKERS: A. The brokers to this sale are: Cooperating Broker ljJl,JlVEY PROPEH'I'IE:S (:-,21 License No. Principal Broker 2550 :j;,):!'I;.1At-< ~V'F.: Address License NO. Address Phone J903} 785-8484 Fax Phone (90~-3) 7fH3-51,1,76 Fax E-mail: E-mail: Cooperating Broker represents buyer. Principal Broker: (Check only one box.) lID represents Seller only. o represents Buyer only. o is an intermediary between Seller and Buyer. B. Fees. (Check only one box.) o (1) Seller will pay Principal Broker the fee specified by separate written commission agreement between Cooperating Broker and Seller. Principal Broker will pay Cooperating Broker the fee specified in the Agreement Between Brokers found below the parties' signatures to this contract. BlI (2) At the closing of this sale, Seller will pay: Cooperating Broker a total cash fee of: o % of the sales price. D Principal Broker a total cash fee of: lID (').000 % of the sales price. o ~""''''II~nn If,ith '?i"I;.....,.""'TM ~,., Q&:: 1:....,...,..."-1,... II,.... 1lJ!(l.,,; J;;'lff.....t'I" JlJlII.... J:;)A...,,-I f'Uf')t....J"'l T"""f,"rhlJ"'l ~.nl~hl"'''''n AQn";t~ 1~II"n", 'Tl""fnl'l"'n f"nl"n " .. n-,. T""Y T rr" r'- Commercial Contract - Unimproved Property Concerning Flo.1195 C. At closing, Seller will execute and deliver, at Seller's expense, a Ii} general 0 special warranty deed. The deed must include a vendor's lien if any part of the sales price is financed. The deed must convey good and indefeasible title to the Property and show no exceptions other than those permitted under Paragraph 6 or other provisions of this contract. Seller must convey the Property: (1) with no liens, assessments, or other security interests against the Property which will not be satisfied out of the sales price, unless securing loans Buyer assumes; (2) without any assumed loans in default; and (3) with no persons in possession of any part of the Property as lessees, tenants at sufferance, or trespassers except tenants under the written leases assigned to Buyer under this contract. D. At closing, Seller, at Seller's expense, will also deliver to Buyer: (1) tax statements showing no delinquent taxes on the Property; (2) an assignment of all leases to or on the Property; (3) to the extent assignable, an assignment to Buyer of any licenses and permits related to the Property; (4) evidence that the person executing this contract is legally capable and authorized to bind Seller; (5) an affidavit acceptable to the escrow agent stating that Seller is not a foreign person or, if Seller is a foreign person, a written authorization for the escrow agent to; (i) withhold from Seller's proceeds an amount sufficient to comply applicable tax law; and (ii) deliver the amount to the Internal Revenue Service (IRS) together with appropriate tax forms; and (6) any notices, statements, certificates, affidavits, releases, and other documents required by this contract, the commitment, or law necessary for the closing of the sale and issuance of the title policy, all of which must be completed by Seller as necessary. E. At closing, Buyer will: (1) pay the sales price in good funds acceptable to the escrow agent; (2) deliver evidence that the person executing this contract is legally capable and authorized to bind Buyer; (3) sign and send to each tenant in a lease for any part of the Property a written statement that: (a) acknowledges Buyer has received and is responsible for the tenant's security deposit; and (b) specifies the exact dollar amount of the security deposit; (4) sign an assumption of all leases then in effect; and (5) execute and deliver any notices, statements, certificates, or other documents required by this contract or law necessary to close the sale. F. Unless the parties agree otherwise, the closing documents will be as found in the basic forms in the current edition of the State Bar of Texas Real Estate Forms Manual without any additional clauses. 11. POSSESSION: Seller will deliver possession of the Property to Buyer upon closing and funding of this sale in its present condition with any repairs Seller is obligated to complete, ordinary wear and tear excepted. Any possession by Buyer before closing or by Seller after closing that is not authorized by a separate written lease agreement is a landlord-tenant at sufferance relationship between the parties. 12. SPECIAL PROVISIONS: (Identify exhibit if special provisions are contained in an attachment.) THIS CON'rRACT IS CON'TINGEN'l' UPON BUYEH GE'IlOrnm PROPER'I'Y ZOl~ED FOR HIS SPECH'I(; USE. (TAR~1802) 10-18-05 Initialed for Identltloatlon by BUyeru:', _and Seller _,_ Page 7 of 12 r' Commercial Contract - Unimproved Property Concerning FJ.v1195 13, SALES EXPENSES: A. Seller's Exgenses: Seller will pay for the following at or before closing: (1) releases of existing liens, other than those liens assumed by Buyer, including prepayment penalties and recording fees; (2) release of Seller's loan liability, if applicable; (3) tax statements or certificates; (4) preparation of the deed; (5) one-half of any escrow fee; (6) costs to record any documents to cure title objections that Seller must cure; and (7) other expenses that Seller will pay under other provisions of this contract. B. Buyer's Expenses: Buyer will pay for the following at or before closing: (1) all loan expenses and fees; (2) preparation of any deed of trust; (3) recording fees for the deed and any deed of trust; (4) premiums for flood insurance as may be required by Buyer's lender; (5) one-half of any escrow fee; (6) other expenses that Buyer will pay under other provisions of this contract. 14. PRORATIONS: A. Prorations: (1) Interest on any assumed loan, taxes, rents, and any expense reimbursements from tenants will be prorated through the closing date. (2) If the amount of ad valorem taxes for the year in which the sale closes is not available on the closing date, taxes will be prorated on the basis of taxes assessed in the previous year. If the taxes for the year in which the sale closes vary from the amount prorated at closing, the parties will adjust the prorations when the tax statements for the year in which the sale closes become available. This Paragraph 14A(2) survives closing. (3) If Buyer assumes a loan or is taking the Property subject to an existing lien, Seller will transfer all reserve deposits held by the lender for the payment of taxes, insurance premiums, and other charges to Buyer at closing and Buyer will reimburse such amounts to Seller by an appropriate adjustment at closing. B. Rollback Taxes: If Seller changes the use of the Property before closing or if a denial of a special valuation on the Property claimed by Seller results in the assessment of additional taxes, penalties, or interest (assessments) for periods before closing, the assessments will be the obligation of the Seller. If this sale or Buyer's use of the Property after closing results in additional assessments for periods before closing, the assessments will be the obligation of Buyer. This Paragraph 14B survives closing. C. Rent and Security Deposits: At closing, Seller will tender to Buyer all security deposits and the following advance payments received by Seller for periods after closing: prepaid expenses, advance rental payments, and other advance payments paid by tenants. Rents prorated to one party but received by the other party will be remitted by the recipient to the party to whom it was prorated within 5 days after the rent is received. This Paragraph 14C survives closing. 15. DEFAULT: A. If Buyer fails to comply with this contract, Buyer is in default and Seller may: (1) terminate this contract and receive the earnest money as liquidated damages, thereby releasing the parties from this contract; or (2) enforce specific performance, or seek other relief as may be provided by law, or both. (TAR~1802) 10-18-05 Inm.led for Identlflcation by Buyer4, _ .nd Seller _ ,_ Page 8 of 12 Produced with ZlpForm™ by RE FormsNet, ll.C 18025 Fifteen Mile Road, Clinton Township, Michigan 48035 ~zlllfoV!!.Ql?m DARNELL TO r' Commercial Contract ~ Unimproved Property Concerning 1l1v!195 B. If, without fault, Seller is unable within the time allowed to deliver the estoppel certificates, survey, or commitment, Buyer may: (1) terminate this contract and receive the earnest money, less any independent consideration under Paragraph 78(1), as the sole remedy; or (2) extend the time for performance up to 15 days and the closing will be extended as necessary. C. Except as provided in Paragraph 158, if Seller fails to comply with this contract, Seller is in default and Buyer may: (1) terminate this contract and receive the earnest money, less any independent consideration under Paragraph 7B(1), as liquidated damages, thereby releaSing the parties from this contract; or (2) enforce specific performance, or seek such other relief as may be provided by law, or both. 16. CONDEMNATION: If before closing, condemnation proceedings are commenced against any part of the Property, Buyer may: A. terminate this contract by providing written notice to Seller within 15 days after Buyer is advised of the condemnation proceedings and the earnest money, less any independent consideration paid under Paragraph 78(1), will be refunded to Buyer; or 8. appear and defend in the condemnation proceedings and any award will, at Buyer's election, belong to: (1) Seller and the sales price will be reduced by the same amount; or (2) Buyer and the sales price will not be reduced. 17. ATTORNEY'S FEES: If Buyer, Seller, any broker, or any escrow agent is a prevailing party in any legal proceeding brought under or with relation to this contract or this transaction, such party is entitled to recover from the non~prevailing parties all costs of such proceeding and reasonable attorney's fees. This Paragraph 17 survives termination of this contract. 18. ESCROW: A. At closing, the earnest money will be applied first to any cash down payment, then to Buyer's closing costs, and any excess will be refunded to Buyer. B. If both parties make written demand for the earnest money, escrow agent may require payment of unpaid expenses incurred on behalf of the parties and a written release of liability of escrow agent from all parties. C. If one party makes written demand for the earnest money, escrow agent will give notice of the demand by providing to the other party a copy of the demand. If escrow agent does not receive written objection to the demand from the other party within 15 days after the date escrow agent sent the demand to the other party, escrow agent may disburse the earnest money to the party making demand, reduced by the amount of unpaid expenses incurred on behalf of the party receiving the earnest money and escrow agent may pay the same to the creditors. D. Escrow agent will deduct any independent consideration under Paragraph 78(1) before diSbursing any earnest money to Buyer and will pay the independent consideration to Seller. E. If escrow agent complies with this Paragraph 18, each party hereby releases escrow agent from all claims related to the disbursal of the earnest money. F. Notices under this Paragraph 18 must be sent by certified mail, return receipt requested. Notices to escrow agent are effective upon receipt by escrow agent. 19. MATERIAL FACTS: To the best of Seller's knowledge and belief: (Check only one box.) o A. Seller is not aware of any material defects to the Property except as stated in the attached Property Condition Statement. (TAR-1802) 10-18-05 Initialed for Identlfioatlon by 8Uyer;!11. _ and Seller _ ,_ Page 9 of 12 Produoed with ZipForm™ by RE FormeNel, LLC 18025 Fifteen Mile Road, Clinton Township, Michigan 48035 WV\N,1I,zlpforw.oQru DARNELL TO Commercial Contract - Unimproved Property Concerning Fi'<!195 o B. Except as otherwise provided in this contract, Seller is not aware of: (1) any subsurface: structures, pits, waste, springs, or improvements; (2) any pending or threatened litigation, condemnation, or assessment affecting the Property; (3) any environmental hazards or conditions that materially affect the Property; (4) whether the Property is or has been used for the storage or disposal of hazardous materials or toxic waste, a dump site or landfill, or any underground tanks or containers; (5) whether radon, asbestos containing materials, urea-formaldehyde foam insulation, lead-based paint, toxic mold (to the extent that it adversely affects the health of ordinary occupants), or other pollutants or contaminants of any nature now exist or ever existed on the Property; (6) any wetlands, as defined by federal or state law or regulation, on the Property; (7) any threatened or endangered species or their habitat on the Property; (8) any present or past infestation of wood-destroying insects in the Property's improvements; (9) any contemplated material changes to the Property or surrounding area that would materially and detrimentally affect the ordinary use of the Property; (10) any condition on the Property that violates any law or ordinance. (Describe any exceptions to (1)-(10) in Paragraph 12 or an addendum.) 20. NOTICES: All notices between the parties under this contract must be in writing and are effective when hand-delivered, mailed by certified mail return receipt requested, or sent by facsimile transmission to the parties addresses or facsimile numbers stated in Paragraph 1. The parties will send copies of any notices to the broker representing the party to whom the notices are sent. Cl A. Seller also consents to receive any notices bye-mail at Seller's e-mail address stated in Paragraph 1. o B. Buyer also consents to receive any notices bye-mail at Buyer's e-mail address stated in Paragraph 1. 21. DISPUTE RESOLUTION: The parties agree to negotiate in good faith in an effort to resolve any dispute related to this contract that may arise. If the dispute cannot be resolved by negotiation, the parties will submit the dispute to mediation before resorting to arbitration or litigation and will equally share the costs of a mutually acceptable mediator. This paragraph survives termination of this contract. This paragraph does not preclude a party from seeking equitable relief from a court of competent jurisdiction. 22. AGREEMENT OF THE PARTIES: A. This contract is binding on the parties, their heirs, executors, representatives, successors, and permitted assigns. B. This contract is to be construed in accordance with the laws of the State of Texas. C. This contract contains the entire agreement of the parties and may not be changed except in writing. D. If this contract is executed in a number of identical counterparts, each counterpart is an original and all counterparts, collectively, constitute one agreement. E. Addenda which are part of this contract are: (Check all that apply.) IXI (1) Property Description Exhibit identified in Paragraph 2; o (2) Commercial Contract Financing Addendum; o (3) Commercial Property Condition Statement; o (4) Notice to Purchaser of Real Property in a Water District (MUD); o (5) Addendum for Coastal Area Property; o (6) Addendum for Property Located Seaward of the Gulf Intracoastal Waterway; and o (7) (Note: Counsel for the Texas Association of REAL TORS@ (TAR) has determIned that any of the foregoing addenda which are promulgated by the Texas Real Estate CommIssion (TREC) or published by TAR are appropriate for use with this form.) (T AR-1802) 10-16-05 Initialed for Identification by BUyeg _ and Seller _ ,_ Page 10 of 12 Produced with ZlpForrn™ by RE ForrnsNet, lLC 18026 Fifteen Mile Road, Clinton Township, Michigan 48035 www,zimorm,co!J1 DARNELL TO r'.. Commercial Contract - Unimproved Property Concerning FM195 F. Buyer Bi) may 0 may not assign this contract. If Buyer assigns this contract, Buyer will be relieved of any future liability under this contract only if the assignee assumes, in writing, all obligations and liability of Buyer under this contract. 23. TIME: Time is of the essence in this contract. The parties require strict compliance with the times for performance. If the last day to perform under a provision of this contract falls on a Saturday, Sunday, or legal holiday, the time for performance is extended until the end of the next day which is not a Saturday, Sunday, or legal holiday. 24. EFFECTIVE DATE: The effective date of this contract for the purpose of performance of all obligations is the date the escrow agent receipts this contract after all parties execute this contract. 25. ADDITIONAL NOTICES: A. Buyer should have an abstract covering the Property examined by an attorney of Buyer's selection, or Buyer should be furnished with or obtain a title policy. B. If the Property is situated in a utility or other statutorily created district providing water, sewer, drainage, or flood control facilities and services, Chapter 49, Texas Water Code, requires Seller to deliver and Buyer to sign the statutory notice relating to the tax rate, bonded indebtedness, or standby fees of the district before final execution of this contract. C. Notice Required by ~13.257, Water Code: "The real property, described below, that you are about to purchase may be located in a certificated water or sewer service area, which is authorized by law to provide water or sewer service to the properties in the certificated area. If your property is located in a certificated area there may be special costs or charges that you will be required to pay before you can receive water or sewer service. There may be a period required to construct lines or other facilities necessary to provide water or sewer service to your property. You are advised to determine if the property is in a certificated area and contact the utility service prOVider to determine the cost that you will be required to pay and the period, if any, that is required to provide water or sewer service to your property. The undersigned purchaser hereby acknowledges receipt of the foregoing notice at or before the execution of a binding contract for the purchase of the real property described in the notice or at closing of purchase of the real property." The real property is described in Paragraph 2 of this contract. D. If the Property adjoins or shares a common boundary with the tidally influenced submerged lands of the state, ~33.135 of the Texas Natural Resources Code requires a notice regarding coastal area property to be included as part of this contract. E. If the Property is located seaward of the Gulf Intracoastal Waterway, 961.025, Texas Natural Resources Code, requires a notice regarding the seaward location of the Property to be included as part of this contract. F. If the Property is located outside the limits of a municipality, the Property may now or later be included in the extra-territorial jurisdiction (ET J) of a municipality and may now or later be subject to annexation by the municipality. Each municipality maintains a map that depicts its boundaries and ET J. To determine if the Property is located within a municipality's ET J, Buyer should contact all municipalities located in the general proximity of the Property for further information. G. Brokers are not qualified to perform property inspections, surveys, engineering studies, environmental assessments, or inspections to determine compliance with zoning, governmental regulations, or laws. Buyer should seek experts to perform such services. Selection of inspectors and repairmen is the responsibility of Buyer and not the brokers. 26. CONTRACT AS OFFER: The execution of this contract by the first party constitutes an offer to buy or sell the Property. Unless the other party accepts the offer by 5:00 p.m., in the time zone in which the Property is located, on ~ . .. . . ,the off~ lapse and become null and void. (TAR-1802) 10-18-05 Initialed for Identification by Buy ,_ and Sellar _,_ Page 11 of 12 Produced with ZlpForm™ by RE FormsNel, L.I.C 16025 Flfttlen Mile Road. Cllnlon Township. Michigan 46035 ~.1iJlli1.mJ.QQ!1l DARNELL TO r' Commercial Contract - Unimproved Property Concerning I!l'fll ~ 5 READ THIS CONTRACT CAREFULLY. The brokers and agents make no representation or recommendation as to the legal sufficiency, legal effect, or tax consequences of this document or transaction. CONSULT your attorney BEFORE signing. e~ $dr-~~u4~~.1~~r: By: Buyer: By: Printed Name: 'Kos.!' !Y\oo r t.. Title: jf;<,., Printed Name: Title: Buyer: By: . Seller: By: Printed Name: Printed Name: Title: Title: AGREEMENT BETWEEN BROKERS Principal Broker agrees to pay (Cooperating Broker) a fee of $ or ... .. . % of the sales price when the Principal Broker's fee is received. Escrow agent is authorized and directed to pay Cooperating Broker from PrinCipal Broker's fee at closing. This Agreement Between Brokers supersedes any prior offers and agreements for compensation between brokers. Cooperating. Broker. By: Principal Broker By: ATTORNEYS Buyer's attorney is: Seller's attorney is: Name: .Wdlu .$,/if',j Name: Address: Address: Phone & Fax: Phone & Fax: E-mail: E-mail: Buyer's attorney requests copies of documents, Seller's attorney requests copies of documents, notices, and other information: notices, and other information: o the title company sends to Buyer. o the title company sends to Seller. o Seller sends to Buyer. o Buyer sends to Seller. ..'.-.---. ESCROW RECEIPT Escrow agent acknowledges receipt of: OA. the contract on this day (effective date); DB. earnest money in the amount of $ in the form of on Escrow Agent: STON~ TITLE co Address: 33 1ST 1'10 W 0 PP..RIS I TEX 7:'460 Phone & Fax: By: E-mail: (TAR-1802) 10-18-05 Page 12 of 12 r>> APRIL 20,2006 -- Reference: TO 1.796 ACRES OF LAND ON FM195 (ADDRESS 3755 FM 195) I AM SELLING THE ABOVE REFERENCED PROPERTY TO ROSS MOORE AND HE HAS MY PERMISSION TO HAVE THE ZONING CHANGED ON THIS PROPERTY. On this -L day of lfvIc::I.A.J ~ , c:<.oo fo, before me, the undersigned notary publiC'AJersonally.~ appeared ~ ~ L ua I€. N e... J J tlck '~k Notary Public vIt'd; ~Ylaolo Print name PAUL DARNELL &~ 19z; State of Texas County of Lamar ~~,\ ~ VIOKl TRENAOO MY COMMISSION EXPIRES Jutt 13, aooa r"