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HomeMy WebLinkAboutRES 14-167RESOLUTION NO. 14-167 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the City Manager be and he is hereby authorized to execute an Earnest Money Contract with Garden Street Holdings, LLC for the sale of the Hotel Beaumont. The contract is substantially in the form attached hereto as Exhibit "1" and made a part hereof for all purposes. 2014. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 29th day of July, ,"�Ep.UMa LU VA to s� - yor Becky A' es - 2 ►�k3L J..tN� e r T .-x ;v s A.s SOCI ATi ON OF REALTOR S;�O COMMERCIAL CONTRACT - IMPROVED PROPERTY .�l. t,:- 71: r. 'I :f . ; \,, .��i. t.�':fll +� -.. 7 J, ..::!'•'11„...- .'i1:Sl•I� l: iFi':. r.L� -. �.TOx.7< „sso:•iUtlon p: rC�i'DRSa;�. free 2il7d 1 PARTIES_ Seller agrees to sell and convey to Cruder the Property deSCrrbed in Paragraph 2. Buyer agrees to buy the Properly from Serer for the sales price stated in Paragraph 3. The parties to this Contract are' Address; : _ N: _=h 3L_r_ _ �e asn: n 5- Phone: _ E -n ,ail : LdLn ......_... .- _. ,. 71adt4n' CC' i 11 , ?•-[7 f`P. Vii" ff i,•�l` .- n • (. _ Phone: '' �`? E -m cc Fax (.ether- ,2. PROPERTY: " "Properly" rncanl , th l reel PlOpe.!1 }' SitUated In ._ l'.puntj +, Texas at r: r 1 i acdres and that is legally described on the attached Exhibit or : s fuilms: Da Seller twill sell and convey the Properly together .with-, t all buiipings, improvements. and. fixtures-2.) all rights. privileges. and appurtenances periaiaing to the Property, including Seller's right; iii1c, and intcrest in any mirleralS, utilities: adjacent streets; alleys, strips, gores; and rights -of -way; Seller's interest in all icases: rents, and Securlh+ deposits for all or part of tale Property, r4j Seller's interest in all licenses and permits related to the property; (`5.1 Seller's interest in all third party ~warranties or guaranties, it transferable. relating to Lne PYoperly or any fixtures; 6j Seller's interest in any trade narnes, it transferable, used in connection with the Property and all Seticr 's tangible personal property located on the Property that is used in connection with the Property's operations except: Any personal property not included in the . ala must be. removed by Seller prior to ckr sing. es- -. "1.I <•� an,v FN- %''Ceplions ri'-,S rr mains, or restiction, in Pc"1r -)4raP1, 12 orQr ;'If r','71F?erai rights 3,'e m be c?,pproonaatO r dderldUM S,7001 Y lX' c=2MG'! ac, , '. pre` or"Y is .• con,�Yonmbf,11? . ail. a'^% CORi1 'rC;oi Cord a)c'f ConcYomir?ivrr Addendum (TAR i930) i 3. SALES PRICE: Al or t)e—ore closing, Buyer vtill pay the following sa6cs price for the Property: porti0'n payabie by Buyer r.1 {7ioSin ...... .. .. .... .. .. ... .. ..� _ P. S-rn of all tiriancing described in Paragraph 1 C. ales prix i sum of "A a.nd',B), nitiale9 'tor :entificaUon by Sr =.flcar anti euyEr _��✓ ._ -... Fagc; 1 a( 14 SIri -et, I',i- I'loor , n],nrrt i'•. . -, Pa;,r 11�5.��7C'.?;tUr7 F:r. .11irl_ }:?'!- ;y7 ",1 cur IJ•�¢; ::Wien 5scet :�,:,'.rA-A3 ..err _r::r::nr'(_•: :i� -�•a� 1�� -:I: ryi!� " -. '•.Ir,:. ��r.��;r ,..•, �. �.�, I;.:.I,� ,•. ��.,.L' + +;: .fi ?tiiiJ. ::1L•:.�5:.. EXHIBIT "1" %'.omrnarclal ' r11r3Ct Imnrnvi'_'� Nropert`' G[lnr [Haft[; 4. FINA14CING: Puy. r Will finance the portion of th,, saie_ price under Paragraptl 3B as follows- A. T ttir'rt Pantie pinanninfa: Dne or more third pa1y loans in the total gmounl of This CClritraGt: ;1) is nrl continpent upon Buyer obtaining third party f nanc n4. i i'21'I is centingr~rit upon Buyer obtaining third party financing in accordance with the atlached C orrkmerciat Contract Financing Addendum l B. Assumption: In accordance witil t.hc attached Commercial Contract Financing Addendum TAR- 1931 Buyer avi #1 a.ssunie the existing promisory note scarred by the Properly, which balance at closing wil. be i C. Seller Financing: The cielivery of .a promissory terms of the. attached Commercial Con -'racl 5. EARNEST MONEY: note and deed of trust from Buyer to Seller under the Financing Addendurra tTAR -19SI) jr) he amount of A. Not later than 3 days after the effective date, Guyer must deposit S _ry - 00 _ Gu as earnest rnarsey b; i t n Te l'1611v company) at = '�.ur, � >; >b7�.rT, riC- _ «`_r3 }��5. �F: c.. i3 ".N:7" - S.�.'��rJ;3. ..t. S." N. -: (addre ?: a•_ rctoser). If Fsuyer fails to timely deposit the earnest rrroney, Seller may terminate this contract or exercise any of Seliar's other remedies finder Pxragraph 15 by providing written notice to Buyei before Buyer deposits the ear'r,est money. B. Buyer will deposit an additional arnoun} of S with the title., corr),pany to be made par! of the earnest moncy on o. before:: li; _ dams after Buyen's right to terminate under Paragr2iph 7B C pups; or U Bi_rycr will ha in default if BLA101' fails to deposit the additional amount required by this paragraph 5B wilhirn 3 days otter Seller notifies Buyer that Buyer has no* timely deposited the additional amount. v. Buyer may, instru -_t the tilte company to deposit the earnest money in an interest - bearing account at a federally insured sirsancial institution and to credit any interest to Buyer. 6. TITLE POLICY, SURVEY, AND UC'C SEARCH: A. Title, Polioy.- tt Seller, at Saber`s expcnsrr, will furnish Buyer an Owner's Policy of Title Insurance ;the title policyy) issued by carry underwriter of the title company in the an-rount of the sales price, dated at or after closing, insuring Bciyer against loss under the title policy, subject only to: (a'r #base titie exceptions permitted by this Contract or as may be approved by Buyer in writing-, and 0 the standard printed exceptions contained in the promulgated form of title policy unless this contract p -ovides otherwise. t;2; f he standard printed exception as to discrepancies, conflicts, or shortages in are, and boundavy lines, or any encroachments or protrusions; or any overlapping improvements: U (a) will not be arnended or deleted frorn the title poticy. 'bj will be amended to read `shartages in areas' at the expense of G Eiu,er ,J Selicr, ;3) brJrthin days after the ettective date_ Seller will furnish Buyer a commitment for iitle insurancc- ethe commitment) including legible copies of recorded documents evidencing title exceptions. Seller authorizes the title company to deliver the commitr-ne t and related documents tc Buyer at Buyer's a'bdr%SS. ir1; 4 1-1:f In[t€ lieu for Irlsnri�i: �'rrlr : >ai)�r s,r� BU,�2� i. , 4 . ag 2 ot '�� ;ttr:�fRi7?G 4! LD'1tY��CS - inl'�l•.'7vi-ij �'cJ; i�?C1!; i;f; rK`E�I�Illliq ._._. u.7 :: +�� �::. ^. �: c`^, �..` �f;,,. E. 5Llr- zy VVrhin, days after the flr Ctiti +C dalt-. BtiyC�>r Will a Survey of the Prot,-art;� at �u,,�er�s expense and deliver a ropy' �7i lire survey to Selier. The surveyv mtrSI tie made in accordance vMh the: 0) Rt_TAIAGSIVI land Title Survey standards, or {ii) Texas Socicry of Professional Surveyors' standards for 4 Category fA survey under iho appropriate condition. Seller will ruirnburse Buyer ir)scrt an?o n!) of the cost of the sJrveyv at closing, if closinq occurs. J ?i yeller. at Sells s expense_ will turni „h Buyer a survey of the F'roperty dated ?tier the effective date. The survey intist be made in accordance with the: (i) ALTA+ACSM Land Tithe Survey standards, or NO Texas Society of Professional Surveyors' standards for a Catogory 1 srrr +ey render the :apprcpriale condition. U (v Seller will deliver is Buyer and the titie company ' � trLie and corr.3ct Copy cat Seli?r`s most recent survey of the ProK -rty alone; wrtil an atiinavit required b-,f the title cornpany t {+r a;aproval of the exisiing survey. If the existing sun ey is not acceptable; to the title corrrp::rty. Selier, at 3 -Ij r,s expense, will obtain a new or updated survey acceptable to the title Company and deliver 11tC' acceptable survey+ to Buyer and the title company within .10 days alter Seiler receives notice that the ca.isting SUrvey is rlpl acceptable to the title company. The closing date will be extended daily up to 20 days if necessary for Seller to deliver an acceptable survey Within the time required. Buyer vd l resin ,tr5e SeJlor...__._ inse,rr ainotMt.) Of the cost of the new or updated survey al closing, if closing ocan -s. C. LtCC Search: J f i lfilitltin____Y_� days after the effective datL. Seiler, at Seller's expense, Drill furnish buyer a Uniform Commercial Code `UCC) search proparod by a reporting service and dated alter the e iec;tive date. The search must idCntify docurnerim that are on fite witty the Texas Secretary of State and the county where the Property is located that relaie to all personal property on The Property and show, as debtor. ' Sellar and all other owners of The personal property in the last 5, years. 2j Buyer floes not require Setter to furnish a IUCC search. D 80&,r,s Qr)ieGtions to -the-Commitment, Sur+ew, and t1CC Search: ;1; Vvilhin _ d@ys after Buyer receives the cornmiluneru, copies of the documents evidencing the title excepttons, any, reequirod survey, and arry required tJCC search, Buyer may object to matters disclosed an iiz+ ilem; if: ia) trie matters discictsud are a re: iii, tier, t.po,7 lt�re Property or constitute: a uefect or encumbrance 'to title to the real or personal property described in Paragraph 2 other than those permitted by this contract or Liens that Seller will satisfy at closing or i3uyer will assume at closing: or tbj the iterns sho viv ttaat anv part of the Property lives in a special flood hazard area ;an "A” or "v: zone as defined by FEMA). If Paragraph 613(1) apple,, Buyer is deemed to receive the survey on the earlier of. (i) the date Eau }vet actually receiver the survey; or (ii) the deadline specified in Paragraph rte. 121 Seller rizay, bul i not obligated to. cure BUY-,T s timely (i)ject "sons s +dithin 15 days � liar Seller receives ih,,',= objections. The closing date avvill be extended as necessary tc provide such time tc Cure the Objeciions If Seller tails to cure the Objicrions by the lime required Buyer may tcrminate this contract by proyw ding vvritten notice to Seller within a days after the time by which Seller must cure the objections_ if Buycr Iorminates, the earnest money, iess any independent consideration under Para grapi) ?B {" i, will be refunded to Buyer. f3% Buyers failure to tirrioly abject or terminate uradCr INS Paragraph F)D is a vvaiver of Suycrs right to object cxcelst tha-, Buyer will riot waive the requiremcnts in Schedule C of the commitment. TftiR- I- i� initialed for inrntitic.�t Gn by aeilg> i,- i �. ana ❑uve. Page 0` 14 (.7 Chi u,l• .,. f t ,r., ,:., r )'•; -'1 ;:tt:r ( r'4:1 t ,,. r..' _..._L '..ornlnLrci.li (� niiact Y1)jDro'cc Piapany concofnir1,C - - _. ---- ---.�. PROPERTY CONDITION: ,A. present C,'onditiam Buyer accepts the )-properly in its present condition except that Selier, at Seller's e :pe.nsL, .viii C Clnipic ^.1c: the Iollcwiriit before ojosin F, Fc asii'Ality Period: BLIver may terminate this contract foi any reason within ' �`.. _._ . days after the effective date kffeasibi.ily pe-iIod) by providing Seller writl?n notice of termination. ?'Creed; only o.r?e boy-) F 1. If Buye. tern-iirlatt'., tinder this Paragraph rB, the earnest money will be reiurtded to i3LIyer less $ '?'? . 'C'' =_ . —_ -- beat Seller w& retait as independent eonslderaticn fca, Buy er's unrestricted rinht tci terminate. Buyer has tendered the independerat consideration to Seller upon pavment of the amount specified in Paragraph dA to the title company. Tire independent consideration is to be credited to the sales price only upon closing o! the sale. If no dollar amourn is stated in this Pnravirnnh 71:311) or if Braver fails to deposit the earnest Money. Bayer will not have the right to (2 1 NJot later than u days after the effective date. BU'Ver must pay Seller S> as independent consideration for Buyer's right to terminate by tendering such arnount to Seller or Seller's agent. if Buyer terminates under this Paragraph 7B, the eamest money will be refunded to Buyer and Seller vvill retain the independent consideration. The independent consideration will I)e credited to the sales price only upon closing of the sale. If no dollar amount is stated in this r aractraph 7B(21 or if 3uyer fails to tirnely p, y the independent consideration. Buyer will not have the riallt to terminate tinder this Paragraph 7B. c. In ;elections. t tudies, or Assessments: t) During the feasibility period, Buyer, at Buyers expense, may complete or cause to be completed any and all inspections, studies, or assessments of the Prapenv (including 0 improvements and fixturesl desired by Buyer. {? Seller, at Selier's expense: vaili turn on all utilities necessary for Buyer to nial e inspections. studies, or as ; s.- 'M!.'_nts_ °I Buyer must: a) employ only trainiad and cltialified inspectors and assessors: jh} ncatiiy Seller. in advance, of when the inspectors or assessors will be can the Properly: (c) abide by any reasonable enl °y rules or requirements of Seller,- (d) not inter #ere with existing operations or occupants of the Property; and (e) restore the Property to its original condition if afte red due to inspections, studies, or assessments that Buyer completes or causes to be completed. 4°) ExcL,pt for those matters that arise f.orn the negligence of Seller or Sefler`s agents, Buyer is responsible tor, any claim, liability, encumbrance, cause of action, and expense resulting from Buyer's inspections, studies, or assessments, including any property damage or personal injury. BLI}'e! vAll indemnify, hold harmless, and defend Seller and Sellers agents against any claim involving a rrlatter rvr wl-rich Buyer is rG'spcj,'sible under this paragraph. ;Ills 7araclrapfi survives is rmination of t1i contract. Dr ProDeniv information: (1 ; nelivery of Pnorjerty Information: Wittiin day:: apter the effective Gate, Seller Will deliver fo Buyer: (Check air that a; ptoly. I •','1 '�C�f' i iflli18ic"j iof 'aenlifi('.ati�wn raj` ..�li�� u:cff 8'wl' °� _,Gj��,'�. f _:,, 4 14 f � �..�.. st ..d:::aa! u > . _, -� �i.. , ,.c -.� .�� n M,: NL:. "_. �cu.... IY C�-�. ..... �_:dF.::.,.kL'w:7i1�, i •Jrdm -� !ir.,c� Corme.,c:ru! Contras: - !rrvrovec 'roporty concerning D ;. ral .t current rent roll of all leases affecting the Property certified by Seller as true and correct; -1 (b) copies of all current leases: pertaining to the Prapert }. including any modifications, supplements. or arnendrnents to the leases; ici n current Inventory of all personal properly to be conveyod under this eintrawt and copies of any leases for such personal pioperly: EJ (di copies of all notes and deeds of trust against the Property that Buyer �,JH assume or that Seller will not pray in full on or before closing; ❑ (e ; col ?ics o4 all currerit seR ice. malntenar'tc£', and manaperneni agroerncnis rckitinid to the ownership and operation of the Property; J (f) copies of current utility capacity letters from the Property s `.voter and sewer service provider; ID (g) copies of all current warranties and guaranties. relating to all or part of the Property; • (h} copies of fire, hazard, liability, and other insurance', policies that currently relate to the Property; • Vii) copies of all lnas:intd or cxnr- fission agreements that currently relate to Die tenants of all or part of the Property; L.! (j,' a copy of the "as- built" plans and specifications and plat of the Property; (ki cLOpi ,s of all invoices for utilities and repairs incurred by Seller for the Property in the 24 rrzonthc. immediately preceding the effective dale: © (1) a copy of Seller's income and expense. statement for tyre f'T7perty from to_..___ _. ____ -- ; U (m )copies of all previous environmental assessments, geotechnical reports, studies, or analyses made on or relatirtq to the Property" ID (n i real & personal property taY statements for the Property for the. previous 2 calendar years; and 0 (o) Tenant reconciliation statements inciudirre, operating expenses, insurance and tayes for the Property fr -orrt_ _ _. _v. iv _........._._.___. and (21 Return of Property Information: If this contra;.' terminates frw any reason. Buyer M!, not later than >0 dayES after I ?Ie termination date. i'Check all that goply,; rJ (a) rctum to ':3eller all those items described in Paragraph 7 D(I) that Seller delivered to Buyer in other than an electronic format and all copies that Buyer made of those items; ED (b) delete or desiroy all electronic versions of those iterns described in Paragraph 7D(I) that Seller delivered to Buyer or Buyer copied: and 13 (c) deliver copies of all inspection and zsscssment Yeport^ related to the l "ropeny that Buyer oorripleted or caused to be cornpleted. This Paragraph 71)(2;" survives termination of this contract. r.. C;ontraclS A tecting Oi)eratior);" Until clot -Ing, Soli( :r: i i! v ✓i,l )Br3te Itjw PrGa2Yty tai tt'te S i-n tYranrt on the effecth e date under reasonably prudent business standards-, and (2) will not transfer or dispose of any part of the ProperT, any interest or right rn the Property, or any of the personal property or other items described in Paragraph 2B or sold under this contract. After the feasibifily 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. S. LEASES: A Eacn written icas - Seller is to assign to Cutrwr under t`iiS contract rrrus l be in full force and effect aC:;ordina to its €er s Seller may not enter into any ne%% lease, fail to co'mp�ly with any nxrsting lease, or rna;ke anv amendrient or modification to any existing lease. without Buyer's written corisent. Seller tnusi disclose, m writing. if any of the following exist at the lime Seller provides the leases to the Buyer or subsequently oCCUr before closing: (; i } .any failure by Seller to comply with Seller's ooligafions under the iea5c5; In-nied for ldcntilicaficn:) S-'Aer yrdB,yer �� . F'age5vf i4 "ti.f, "i. ': - T 7".- '!r'�':!`: p.,", • : :: r-7, bey +. LdU I; r." Ir.-...' M, C'1, ;1, 1 - cllELi' "" ct -' Corurtox la G�rtrart c iM;JTry -d Prc,r`�er�' Dncern,n4 �_. _._ , - i. (2) any circumstances tinder any lease that (,rititie the tenant to terminate the Ica-se or seek any offsets or damages; j? c'iny non - occupancy of Me leased premises by i tenant; '41 and;' advance sums paid by a tenant under any lease: (5) ariy corscessinns, bonuses, tree rents, rel,aies. brokera( e commissions. or other matters that affect any lease; and (6: any amounts p2yable under- the leases that have been as.igned or encumbered. except as Security for laanisl a:5.surned or taken subject to under this cottlract. B. EstooDel C'etlificates: Within _ days after the c5ffectjvr date, Seiler will deliver to Buyer estoppel certificates signed trot earlier than _ _.�_— dy each tenan+ that Icascs space in the Property. The esioppei certificates must include the certifications contained in the current version of TAR Fora? 193,', – Commercial Tanant Estoppel Corlificate and any additional information requested by a third party lender providing financing under Paragraph 4 if the third party lender requests such additiona information at least '10 days prior to earliest rliest date that Seller rn2y deliver' the signed estoppel cenificates. Vii. BROKERS_ A_ The brokers to this sale are. PnnC�p &! s OkBr: ? ::•. ^i$,tl =e- f _�;1^ . -J I:: Cooperating Broker: I�f]•�!1.1. Vii'_ �..._.. ...,.._.�..,. -..�. Hdi "ilt: Addrea� ='hn �s• F. 1 _c _ tr r s4 hang & -x.. C.fiA �`�l l''i yl` ? "V�T:.::..i'Ji 1�:Eh ('!ic 7!C� Il t'filiali: ___ ! v2enzsc Nc,.. Principal Broker: ,'Chick onto,, one box.) Coo {aerating Broker represents Buyer. ED represents Seiler only. • represents Buyer Offly. • is an intorrriediary bett+veen Sellcr and uyor. B Fees: jC;h Cat an,1' j 1/1 0( {'2) 0601,11.) iCorrtptele the ACfTeennerrt Between Brokers on page q Only if 5etec:ter'_1 U 1; Seiler will pay Principal Broker the fee specified by separate written commission agreement between Principal Broker and Seller_ Principal Broker will pay Cooperating Broker the iee specified in the Aureement Between Brokers found below the parties` signatures to this contract. D 12i At the closing of this ,ate, S0er will hay: Frin,;-ipal Droker a total cast -� tee Of I" of the sales price `";oopreratin t Broker a total cash let' of: U..— ......_.,w,,...__ `^r of the sales price. h[• cash fees will bo paid in -j e-- " __ ^. - County. T exas. Sclk;r authorizes the title corripan }? tc pay the brokers fr;irn tiie Seller's proceeds at :lasing. fDr bentrtrcatio hJ SI -LoT ni 74 1 -1:� u:;n ��I) -.::G C; II��: L•, :.' ,J,;:r Ifi�:.,.: .'I,:r'i I.��1' t:�:l� - _..� - r.i<:I .,� i.: .7 i.'iN rv+LS4•,' ,..G'::,Lrr� (;. r'�t'.I .`.rr'el ..CCn'i1CrCf,. Oom'GC'. m*priwed ?r�pen.� ecr�ccr;<n-rq C i= IVOT A_° E: Ch) -i. ter 62, T e,\as f fC7pa v Code. quifhonzes a broker a,'1 c a✓'1 o,J COlTlmi sioi,, l�i'1kS`? B {Jr^.1? �`C.�;17;if i1);' r�iG�,� @•�7"1'. The parties may not arnend this Paragraph 9 without the vailtc:ri cmn,enl of the bmkcrS afiected by file amerlarrlcnt. ' 10. CLOSING- A 1 -ne daft Ot the closing of the sale ('closing date,, will be or v before the later of: days after the expiration off lha feasibility perioO• i' days after objections fniadd under Paragraph 6la have boon cured or waived. P. 11 either par y rMs to close- e,y the closlnG Cate the n,, rn- peiaulting ;early may elercrse the remedies in i�ZraCJC2l:ti 1;5. C . Ai clo ;ing, Seller will execute and deliver to Buyrer, at Seller's e xptn -e, a ❑ general Mspecial v arrclmy deed. life`: 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 itic Property and show no exceptions other, than those permitted ;.ender Paragraph !j or other provisions of this contract. Seller must convey the Property: t with no liens, assessments, or Umfoirn Commercial -`ode or other security interasts against the Properly which wiN not be satisfied out of ple sales price, unless segueing heaps Bayer assumes; wittt,ri :i .any assumed loans in default; �rnd (3i with no persons in possession of any part of the Property as lessees, tenants at sufferance, or trespassers except tenants under the written lcagos assioned to Boyer under this contract. D At closing, sellcl, at Seller S eynense, well aiso deliver 1'D Buyer, ,1 tzrx statements showing 1,10 dIo inquent taxes ark the Properly: (2 a bil; of sale with warrantic s to title conveying title, free ano clear of all lien,,, to ens, personal properly dc- firied as pa --t of the Property in Paragraph 22 or sold under this contract; (3) an assignment of all leases to of on the Property; (4) to the extent that the following items are assignable, an assignrnwnt to Buyer of the following iterns as they relate to the Property Or Its of}craljons' (a) licer sae and permits, (b't maintenance, managernont, and other con ra.cts-, and ic) warranties and quarantie,; i5) a rent roll current on the day of the closing ccriificd by Seller as true and correct; i61 uvidc-AiCe that the penson cxc.c;ulrne; this contracl is ieoatiy capaiDie and authorized to hind ar:• affidavit accr_plabie to the title company stating that Seller is not a foreign person or, if Seller is a foreign person• a written auction ation for the title comPariy to: i ,. ::�ri�mcrclal i•anaacr Irnt✓r..���� P�onc�r:V t:osl ^a?tr;i�lCt _— _----- __,_.._-- -____ - -. - -- :'"�'.`'. J. (4) sign an assurnption of all leases then in etfect; and (51 fereCUte and deliver any notices, Staicrnews, or ather da,,tiLln-lems required by this contract or laver ne essary to G {r >se the.° sale. 'Unless the parties agree othCrwiso, the closing documents will be as found in the basic torms in 'ho current edition o the Slate Ear (if Texas Real Estate Forms Manisai without any additional clauses. 11. POSSESSION: Seller rnritl deliver posse siol I of the Properly to Buyer upon cliosing and funding of this sale to its present uondiiion wj h am, repLL,irS :teller is. obiigated tG oOrnplete under this contract, crdinary vvear and tear excepted. Any possession by Bjycr beiore closing or b,: Sellet' a`ter closing that i,; not authorizes by a separate written lease agre-ement is a landlord- tenani at sutte=rance relationship betwacn the parties. 12. SPECIAL PROVISIONS: The following special provisions apply and wrilt control in the e'�rent of a ooriflici with oihor provisions, of this contract. (If Spe"fa f ?:pU'51pJ ?S are oot'1aioed' rr7 ao Addendum. ldcef7 ffy tI7 addendum here and retererlce the ,Add �?nd rrr rn Paragraph 22'1-).,i ct _.-.a r: _L_:iC'_`� ...J%C'_ :._ �:`c� _ (7c <<' -- ^_r',1' i.0 �.:r�_ �': ._r_.,�i1_! =hC ... *t.'C `l:- L 13. SALES EXPENSES; A, Sellers Expenses: Selier will pays for the following at or before ciosing: 1) reiZases of ey:istir7c hens, a #her than tiSCrs.F liens assumerJ by t3uyer. ins €caciing prepa)rn t penalties and recording fees: 2'+ release of Seller's loan liability, if ;appiicabie; (3) tax statements or certificates; (4) preparation of the deed and any bill of aaie; 151 one-half of any escrow fee; ?:6i cost, to record any yocLtrnenis tc' cL1re title objections tha Sellex MUSt cure, and 71 other expense; that Seller will pay Lander other' provisions of lhi s contract. Hovers F xpensrs._ 13u} er w iii pay for the fotlCrwin I at o,. before closing: {1.I all loan expenses and fees; (2s preparalion fees of any deed of trust recording fees for the deed and any deed at trust: 4i prcmiurns foi ?food and hazard inSLlrance as rna, y bP required by Buyer's Ic-rider. (5) one-half of any escrow fee: and (6) other expenses that Buyer veil: p3.y under other tang contracl. r � � 801 i 4 -1- 1 t iriilinl r !acntiiicatr,n ray Sejle+ arid 3uycr ( Phew S of 14 FryJ'.r�d ..n ,,::f,r,i +c !'r c,l oa ir;L _ r. .�o,C -F. �.,. I ,.P.,.,r •Pn:'L bY!__.. :fir :v ,.ail ;as !.;t; •.'1 3mmr r^..nC t_,jr. :ra :1 - iR7r7T0'J °(i ?3r(t : ?Pfrt ^`arc'.erl ltri _..__ r .,�.-_`.'. ...��- .Y..`,•: - - -__.._ �._. 14. PRORAT1ONS. A. Prorafions i ;) Interest on anti as"sumad loan taxes. re Isis. and any e,,q -+ .nse reimbumements from tenants will be prorated through the closing date. i2; If thy-: aTTICILW11 of ad valorem taxes for the year in which the sale clrlses is not availabic- on the closing date. taxes will be prorated on the, basis of taxes assessed in the previous year. if the taxes for the Veer in Whlct) tiie sale closes vary from the arnOU It prorated at Closing, the patiies Will adji.lSt MO. proiations w7ien the lay, st tternents for the year in Miich the sale closes ,)ecome available. This Paragraph 14Afc',} survives closing. ;3) If Bu eT assumes a loan or is tatting the Property subject to ar, existing lien, Seiler will transfer all re sei.ve: deposits held by the lender for the payment of taxes, insurance, premiums, and other charge: to Btuyen at closing and Buyer will reimburse such amounts to Seller by an appropriate adjustrM -ant at closing. E. Ral! tacit Taxe:;: If Seller changes the use of the Property before ;.iosing or if s denial of a special valuation or) tl)e Property claimed by Seller results in the �ls :sessrnett of additional taxes, penalties, or merest tassessments.j for periods tietnrt closing, the assessments will be the obligation of Seller. ff this sale. or Buyer s use of the Properly attar closing results in additional assessmenis for periods before ciosing, the asso5snients will be the; obligation o' Buyer. This Paragraph 14'B survives clo�lnc. G. Rent and Securiiy Deposits: At closing, Seller will tender to Butner. 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 proraied to one party but received oy the other party will be remilled by the recipient to the party to whom it was prorated within 5 days after the rent is recd: t d. This Paragraph 140 survives closing, 15. DEFAULT: A. If Buyer tails to cornpl }{ tArith this contract. Buyer is in default arid Seiler, as Seller's sole remedy(ies), may terminate this contract ,and rec~eive the earnest money, as liquidated damages for Buyer's failure except for any damages reaulli,ng front Buyer's inspections, studies or assessments in accordance with Paragraph 7C(4) which Selier may pursue•, or (Check it c�E ?01l 3 11C'i enforce spe;: i_:rrn�rCrCta ;..0 ^ttA" - 'rnp'b +�;�ri `r R(% @rrV a;riCi ?r'rlinr: t 1 lentiiriali;.. thrg Contract and tlke:, earnest niciney, less ariv independent con,idCaratiOr under Paragraph 'Rl, i I, will be refunded to Buyer: extand the tier: lo, performance up to 15 days avid closirrp ,�1i11 L }e e>;tcnded as necessary, of acc+rpl ai ciosing: (i) the property in Its dC`arraned condition: (ii) an ossignmer)' o> �my insurance proceeds So lof is entitled to receive alnrig vvith the insurer', consent to the assignment, and (iii} tx ctedil to the sales price in thcV, anlpi,rnt of any tinpaid deductible under the policy for the loss- 5. If botore .:Jos} in c :ondernnalrrz)n proceedings are co(Tlmencei against drip; p; it of the Pr'Uperty. Buyer +,1,I lermrnate lhis conlracl b }� picividing writter, riotice io Jelfcr within 14 days ;after Buyer Is advi, d Ot the- condernriation proceedings arrci fl>e carries, money, Tess any independent consideration under Paragraph 7E% {I ), will be refunded to Buyer, or i='i appear and dofend the condenination proceedings and any award will, at 6kiye:r's election, belong tc,: (a) Seller and the saleos price will be reduced by the sarne amount; or {bj Buyer and the s-alCs prj(,;,` yviil not be reduced 17. ATTORNEY'S Z=EES: If Buyer: Seller, any broker, or the title company is a prevatliria party in any legal proceeding braLight under or with relation to this contract or this transaction. such party is entitled to recovoi €rorri the nor- prevaiiing pailies all gists of such �Vaceedinq and reasonable attorney's fees. i his Paragraph 17 survives lr rrtiirtatiori of this contraci. '18. ESCROW: A- At closing, the earnest money will be, applied first to any cash down payment, then to buyer's closing casts, and any excess will be refunded to Buyer. It no closing occurs, the tine cornp,any may require Payment of unpaid expenses incurred on behalf of the partiies and a written release of liability of the title c ;ompany frorn all parties. P it pno party Muko :'s written Je riand for the Barnes; imoney, the title company, will give nolkce of the demand by providing to the tither party a copy of the ciernand. If the title company tdocs not receive wrifteri Objection too tfic demand from the other patsy within 15 dayrc aftor the date the title" company sent the dernand to the ether party, the title compan%' relay disburse the, earnest monev to the party making dc,marr7. reduCed 1;yr the amount Of unpaid expenses inCurred on behalf Of the parly receiving the earnest money and the title c=ompany may pay the same to the credit :7rs. 0 The title coniprany will deduct any independent consideration under Pa.ragrapn 7BM !,Clore disbursing ;tny earnest money to Buyer .-end will pay the independQnt consideration to Seiler. (,i if th=- title C:Crrrrpari-9r ronipties vdith this ParagrK)h t 8, each early hereby releases the Vile cornpany frarn all cLairnS relate -d to the: disbursal of the earnest money. _ E 01?Co, under ING 'r'c3rcic ;raph 18 rti;iSl be s nt by cG311iie'J mail. ieturn ' Ceip }t !equested NotiCes to tf) •' title Company are �1Tfeclkee Upon receipt by the title company. F . Any parry who wrongfully faits or refuse='s to sign a release' acceptable to the title company ,within 7 days potter receipt o the request will be liable tc the other par�t;V cat liquidated damages in an arrrciUrt equal to the suni of: ,`ij three times the amount of the earnesl nionev iii,, the earnest rnonev: iiiit reasonable attorney's. fees: and (iv) all costs of suit. El Seller D Euye, inlenofs) to complele this tramsartion as a part of an exohange of liVe -kJrid propenies it accordance. wi[h Section 1U31 of Inc. internal P,c;vertiuc Code, Lis amended. All expenses in connection with th-- contornplaied Cychange will be paid by the exchanging party. The' other party will not incur an',' 8 jJ 'r1 [ or liability vnih r -spoct to the C ' ht3n aC The par'ti' -s agr8c to coope[aie fully and m wood faith to n-ange and con!,urnrnal(' the cxcl)anoe so crG to comply io the maxin-turn v ?xtent 7 &F :�,D 4 i4 mlia :W for Irl�riiitCa,iWi, t, wll�r '�� :i E.uyer i-'aac 1L e3 t< —I : ". ,rhs h; 7­7 7 ieasibkl Will, the C­'-Ivi,�ions -if Sectior; 1031 of the Intornal ReVelil.le C"Cl6e. Th Other provislorfs Of this contract will nn', b afl(,Ct�d 11-1 the eVe:It t1ii-n Coliternplat&_-1 ',-,'ChWgC fails to occur. 4,9- MATERIAL F-ArT�� T­_; 4'ie 6e5lt e4 D i S - H •�O 'efiif�ie e ITS t � !he a4aer G -f -1 41 �'_" -�-g of4tt -e' 9 fTS 61t� e�f !feei i!-Ie FlftEi p EleHf,,- RIESItE!Fiaki el- t0Yi Fop e i4y wa'4e-rti e 1i e rp)'e Y 7 , iei eej 5 ki the, Pt;&F-7e;F,'.-Y ff. . [3., 5­0 e- F of Et!ly il tit k�_- av�d_ t xi oet n e ose el ihe PFE)p-_F:4�': _- HE; Plh Pt't�sHq�le^lifit3lii .. any eogd4ziali vlai �e4 20. NOTICES: All notices between the 0artieS Linder this contract must be in writing and are effective vnien hand-delivered. mailed by ceilified mail return ieceipt requested, or sent by iacsimilr-, transmission to the pa!­tkcs addresses of farsiniiie nurnbcrs staler, in Par3graph 1. The parties will send D:)pie_- -)f any notices, in fhe re;,-)resfnting the pafly to kr-,Illom the "Ok-ec, are S("nt. A A, Seller also corise.-rits 1c, rucuive any notice,-, by e-mail at Seiler s e, mail address stated in Paragraph 1. Buyer also --onsewc, ir) receive any rialices by C.-mail at Bioyer's e-mail address stsilc-.d in Paragraph 1. I 7zny dispul 21 DISPUTE RESOLUTION: The partic-s agi-ae t-) riagotiale m good faith in an &jort to resoive , 0 related to this contrast that may arise. It the diSpLlle cannot be resolved by negotiation, the parties will Submit the diSpLfle to maCialion before resorting to arbrtralion or lifigalion and will equalh share the costs of a mulually niteciator. f hiS paragiapl k sw vrv6 of ntis Control; -. This paragraph dae,� rot preclude- a party from seeking equitable rClie=i from Q7 f�ompeterrl' jurisdicti3n 22. AGREEMENT OF THE PARTIES: This contract is binding on the parties, their heirs. execLitor8• ripresentatives, successors, and r)ej rnitied EISSIgnS. 7 his contract is to be construed in ac.ce,)Tclalce with the lavvs of the State of Texas. If an,v teirin or condition of this contact shall be held to be invalid ci unenforceable.. the remainder of this -o-itract -1hall not be affected thereby- -1hanced e'x'r�_pl M NrifirlO, Thi containS the entire agre0frent of ti parties. -rid ma- y nol be I G' A this- Conlir" , ijted in -9 nurnbcr of identical ,,,Dur1terP2rls, ezc� counterp.art is an oiigirial arid all �Ict is e)�ec cr)!jjjjp - . I rpjils, coji-�,­[Nctjy. constitute one 2green-ienl, :fiifi, x �ci ic-ntiticaw',ri hv and �UV'T 71 1 Acirjoill� whic,.1i pao c,,f t!iis :ontracl are: i, 11 iProperly Dcescriptior) Exhibit identified in P3­igra�)h 2`1 -onlraci Condominium A'ddendUnl -AR- 1,9301) C:omrT)er, -act Finan&ig Addendl.'M T" 9­1 i, _�ial Conti - - ornmercial Property Condition Stalern - I A P 14081; -'I Commercial Contract Addondun'i for Special Pv,)visions (TAR-1 940)., f}'j AJJ�Md"fy) t,,-,t of Inforr-rialion, on 1-cad 13,"SOCI Point arid _Oad-Basod Paini Notice to Pvr&asei of Real Property ir) 8 'Alater Dislnc,i D: i Addenduin io; Coaslail Arei F operlY JA 5 ' I 1.9' Addendum for P rope rt y Loc sted Se awa r d of u ic �,tji I i r i I T �i c,ocj sta I 1kfale mra AR - 19 1 01 Iniormation About Brol�,,crage Services "FAR-2501 and T R �, f&: Sot. ol PEAL � 0, TARIj 11c, '? te-, d Tv P P n 1i -Estp " 0 Con? �m is S fo r �77. C 0 e I' I) ',A i`1 3'.e zipp r Jof ia f e fc ) r 5E" Euyer 0 may Q may not assign this contract. f4 9uyp-,- assigns this contract, Buyer will be reliovcd Of BV,; JUIUrC lilabifit3y under this contract only if the assignee assumes, If! 'Attiting, 311 Of Buyer's obfin,ifI011F, under- this crjr)lra,,:,I. 23. TIME: Time is of the essence irl this contract, Tlie parlies require sincl compliance with liTTICS for pariormariae. If the last day to perform under a provisiort of lt-iis conirnct lilts m a Sair "irday. Sunday, or iogal h,,)fiday, the tin`1e for port orrriaiice is extended until the end Ly, the,, next day Whic-11. is not a Saturday, Sunday, ar legal holiday. 24- EFFECTIVE DATE: The eflective dale of this contract for the purpose of performance of all obligations is the date the title cc7,rripzrny t-L--cipinc this contract after all riarties execute this contract 25, ADDITIONAL NOTICES,- - n 11 -v � ` Buffer's "s S E, C 0 ) - x, an the Property exarnined by a �-Ittmrn;� 1 selection. r 01 3uyer should f�, .,e � 7ibstr,9ci covering tl- Bluver should te. 1unish(;d with or O'Naln a t17fe, policy E E -f the Properly i uit ruled in ::L utility or otia-r statutorily created district providing watei, sev,rer. drainage. or flood control facifilies and services, Chapic-i 49, Texas Ik;aler Code, requires Seller to deliver and Buyer to E;iqn the stalUlory notice relating To the tax rate, bonded in&btedriess. or slandby fee4 of vie disirinl br-fore final execution of this cmiract. C: KkAice Required by §13,257, Wrater Code: "The real properly, described b _low, l,hat you are about to r e at service area, whicli is authorized by la %, to purcha��e may lb�� localiaJ in a Certificated wale, DT s - w - pTovide 'evater or sevver se vice to the properties in the ceilificated area. If your property is located in a area ifierf-, nnay be special costs or charge tha, 1"0LJ VVik be required to pay before you can w-,q �eriod rcq'uired to constrLICI lines or other facilities .te, o, sewcir senAce. There may be a n ecc, ry to pmvide walcr or sower- service to your properly. You are advised to determine if the ,Xoperty is in E: certificatod ared and cantaci the utility sorvice provider to determine the cost That you will be requirec to pay and the period, if an%,, that is required to provide wafer or scwer service to youi pros-)ew,l The Unds-r-signod purchaser hereby ackno%Mjed•es receipt of the foregoing n(Aice at or before the e;•,ecution of -1 binding contra,,,;t for thc, purcila-s;_�- of the real property described in the riolioe or -at I - -aph 2 of this contract. of pi.ircha-sc, of the real properl�.­ Thy cea! property is described in Paragt 11 ihrr Pror,lerly adioins ,)I siic3res a commor, boundary witi lie Tidally it i -eG submet ed ]a') d 5 of Ll L "I Tt,-Xas Natural ie-quires a rivic,2 regaraing. r_-oas­tiasl area property to be ITICALidtd, u,. part ^f this cDntrau 2 0 t " 4 4-' 1 jrj::jajo� to, iii rT1 r17JiC1D'. .. ii':,fFI C1 t.` ?rt1.9 +i °d Pr'pif�rlV ?n;'gym ;flC E. If the Property i; iocateo' seaward of ihc• (Null Intracoastal Vv'aterway. ,c•t .C-25. cxati Natural Re=sources _ c'de. reyuir r,c >tit ; ;: rCgardin t ; # }c se av,rard lOCatiOr: 0' the° 'ropert to h�. inCltided tis pant of this F. ii the Pr-' 1perly i; loc:aled outside t #1cc, lifts of a municipalit_4'. the PrOnenv may nova or mite' be mcluoed .r the e.,:tra- t ?rritorial jurisdiction (ETJ) of a municipality and may now or ialer be subject to annexation by the municipality. Each municipality maintains a map that depicts its boundaries and ETJ. To determine if the Property is kcated v;ilhitl sa rIlunicip2lity's -'. - Bltryer Should ccnta t all municipalities kfrcated in the general proximity of the Property' fer furtl}er irr0 n 11ior1. It apartments wr other rosid :ritial unit; are on tha Property ar•.c the ul }its Were built brtore 19'1", foderai i,�m, requires a lead- `used paint and ha -ard disclrsure statemew to be rnl�ide marl tai IN, H. "Iecton t �JT5.7 r.'', Occupations Codc requires SelEer to prmvi; e Buyer a copy of any mold rerne-'diallon 0-riificate issued for the Property during the 5 years preceding the dGatc the S0ei selis the Property, Prokers are rtot qualified to perform property inspections, sialveys, engineering studios, environmental assessments, of inspections to determine compliance ,'with zoning. governmental T.ctula ions, or jaws. Buyer should seek experts to perform such services. Buyer should reviev:' local buildinc codes, ordinances and other applicable 'ka,tvs to detelmine their effect can the Property. Selectiosl of exparls. 3�speclor's, and repairrTien is the resporlslbiirly of B free( and nr) the or'okars. P,rofkers are not qualified to deferniine the credit worthin:�ss of the parties. 26. CONTRACT AS OFFER: The e>:ecutien of this contract by the first party COrtStitUteS an cffe�l to blly 01- sell the property. Unless the other party a(':cepts the offer by 5:00 p.rn_ in thi: tirne Zorie in whicr the Property is located, n the .offer will (apse and become null and vc,)id, READ THiS CONTRACT CAREFULLY_ The brokers and agents stake no representation or recommendation as to the legal sufficiency, legal effect, or tax consequences of this document or transaction. CONSULT your attorney BEFORE signing. M Dy Prim ^U hd�r,�,e; h4'. -- - - Sy i ;sib ^afar 1'. ri ttcr NZMr c Tili- r ;: ;lt�t girl a =•`tl rinten Az!rne r y[ 13 or 1-} AGREEMENT BETWEEN BROKERS Principal Broker agrces lo, pay tCooperaaling Broker} a fee when the Principal Broker's lee is received. The fee to be paid to Cooperating Broker will be, Cl g - -- 1 01 of the sales price, or r}f the Principal 9roker's Tire vile company is authorized anci directed to pay Cooperating Broker from Principal E}roker's lee at closing- Tliis ,ogre t-�menl Bclvv(-,t-!rj Bjokets supersedes anv prior afters and agieements for compensation between Drokers. Coopomtinc Broker: . ......... . ATTORNEYS attorney requests wpif-,s of documents. Buyer's attorney recioesis copies of documents, roliccs, and other inforrnation: nolice&, and other information: the title company sends to S',tiller. D the title company sends to Buyer, U Buyer Sends to Sailer, 0 Seller sends to Buyer_ ESCROW RECEIPT The title company acknowledges rraccipt of: D A- the contract an this day (etiective date), D P. earnest money in the amount of in the form of :Wjfo-- pnorlc• L Fa.- E-nna;l U4=rT "A" SEiNG 2 26,7(}0 &qu== ft--r u= of lanes nt of 13Jt}ci 4 of the 03iginal 7osv-) of 13catrmont m the Noah Tt-vu Stu'vcy, Abstr:}c 52, Bcauinanl, Wfcmon County, 'Tcxm, said tract barug ttii of tcx 201 aril 20), and pert of lxtt-s M, 199, ?OCl rui4 21D6 of sad Beak 40, and king aal of Wt F??Cp -rty Lonveyod to Harvey' L 1 iRcr by J?a4 dstcd hdav 17, 1981, and rowrj -,yd in VC,; '1317 page 4(10 of rhr, r�,-M } - -cords of Jefferson Ccamry, Texas J3ECrft 11 N ai the MOSt Wtsterly or Ncrr•chwe5t corritT of Lot 201 of Blodk 40, Of Wl; 0- tibimd T'o-u of Rcaumant, lairl corner beatg foomed at the point of intcrscctiar, nS the Nor'tsc�xrl} nght of way line of Orler wL Strxt and rbe South=,�tcrly right of way line of Fannin Street; HENCE North 49° 2,6' East ("rcfercaixx bearing) along the Sotuherasteri3, fight of wty iii of Fe.noin Succt and along the N'ast-thwcsr =riy Jtnc of 1 ,ocs 701 Md 202. of £fuc]: 40, a dtstsutcc: of 120 D io ibc Northeast ar rnc?st NordbtAy comer of Lo' 7012, and iba mast West--fly :anjcr o; Lof 203 and being the most westerly or northwest corn-cr of the; t;:.ttrti.a tract coovcyed to Jefferson Theatre Prtscsvation Society by Dtt4 datcad Novcwbcr 11, 1576 and recorded in Vol. 71036 psec 442 of flit. Jaccd Rcuords of J: ffcrsnn County, 1i1%'vCE Soutb 4L1° 34' T--& along the common line of LC4k 202 atut 203 and along, the South cstcrly fine of the said Jcffcmma Tbea= Tract, a dlstartrc of JOO.4 fiat t:r Wr most <:oudicriy or Southwest cower of said JcfComon 7D atrr, T lorattd in Lat 206 , 7- 1-313NCE North 49° 2e' F=t along tic Sounctanstcrly lirr of the Jcfferwn Theme T=t , :s distance of 30,00 feet to a point for rorncr located is the dividing lint bctwccn Lars 206 and 2r'r! ; '1"ri)=NCE Souk 4.13° 34' Ewst along tht commou Jrr>ti. bztwor.2 Lots 206 and 207, a distance of 50.00 feet t-- e point for oorraf;r Jocatc4 in Lot 198, '3'HE?4CE' South 49` 26' irr'cst uJong the Nortltw=te'riy lint of a tr= conveyed a) roger, Rrothcn; by Dmd dated April 13, 1964 and roc*,-dirl in %'n1. 1384 page 175 of the Dee- Records of lcffe:soa County, Tex.2c, said atne being parallel to azui 90 W feet Northwesterly of file North wcstcrsy right of way luxe of Forsythe Street, a distance of 1So.rr fecf to the most WcsterlY or Northweax corneruf='d Rogers RTothe s =v. said carnrr being Jo-witl ift the Northt, -a- wly right of way hnc of DrJc:,:t=_s Str'cc't aWJ lxsittg 90.{X9 fled from the S mthwnsi coristr of Lot 200, 7HENCE. North 40' 34' Weat along the right of way tin^. of Orleans Strcc; and along the Southwesterly ltsse Of Lots 2W, 2Jti ears 701 of )31[>rk 40, a dislw= of 210.0 feet to the PLACT OF BEGINNING ami camaining tlr area 26,7{Yl cgttturr ft,c of lend, rote or icss. APPROVED BY THE TEXAS REAL ES -1, A.TE ADDENDUM FOR SELLER'S DISCLOSURE OF INFORMATION ON LEAD-BASED PAINT AND LEAD-BASED PAINT HAZARDS AS REQUIRED BY FEDERAL LAW A- LEAD WARNING STATEMENT: "Evc!T}, mwHiv.sw -,, :Imy n rcmdonlial real prop,e!,!y on whir:h -, I'll dwt;fiin� vvZ,; hijill prior 'o 1,9"/R !c.. nolifie Init, swh prop­ir y mw,, prnsnm f!om ieacl- 01w. nia,, }iiacc yOLJI_lo chiHicri al tisk of developing lcae poisoning. Load poiswiiw r: yvuqr.1 children m y r(oj( pCrr io ll re rwopiral dam-ge, including loat nmq d!saNhtiv(. !emxe1 mtelhgenca quotient. Detiavioral problems, anti impaired memory. Load Po ".soniqp z0se pc�,,o,� n ;)jrtic-t,)Iar rh�* -,z� pregnant women. `nc of any interest in resiaoritml real property i5� rentjii'txn to pawide, 11he buyer mih any irawmalion on lead b'1--ac-d pnint hazard,_ tram risk o se.5smonts or inspections in ih�, se,'Ier's pessessior, and notify Inc, bijv-oi of any for poz5Ve lead -paint nw,af•s in ri,c;(Irfimend:!d NOTICE: Inspector must be property certified as required by ituderal 13w. B. SELLER'S DISCLOSURE: i PRFS:::J.i ,",P: C >F LFAD-BASIFF; PAJI\7AlQFJ.0::1 PAIN7 HAZA!,= ichec:k one ixx only; al Known lcDd-bascd patn and/or icmd-basoo pain-, h=ard,, are proson: it the Property (2xp:,­J?I'1. . ............ ncluni knowindr _ba��Pd in, �.md,-or pain! fazazarzt in ihc- Pmpf,­,Iv. Pr an 44� . ANE REPORT,: i�v�� TO SELLER (clieck �ane box only): � JLADL= E] ;al 'S4?ller hz-,s provided she purchaser with a'I records zird rcportzl poitairinQ to lone-based paint ,C-Irtrd,Or paint ;:azqrei<; in Ili(,. Property (Lis: Gelb';~ has n,.. repars or mcxds; veriammq tc Icad-basod pory and/or land tias (ad pani hazards in tile. C_ BUYER'S RIGHTS tc�iect: one boy, orily'I: Bijyct waivc:, the opportunity to conduct a risk assac-rment or inspection of the Pmjy_,ry ±or th-2 pirosrncr, of load 2)a-_xc paint or load-ba,-4oc pairt, hazards. F-3 VVIrrhin tan jays after the ofiectivc cats of this contract, Buyer may have the Propony irisp,-Cied ay inspectors S6e-_tvcj by Bk1yot, 1; lciad-based paini or lead -bast ^d paint hazards are presorts. -,jyci may iotmiri;A(! this contract by giumg Selier written ra ?ii(,.(- v.11hir date of this nan";_,Ct. )wd !ho ogirnost rronoy will be rclunded is Buyer. D. BUYER'S ACKNOWLEDGMENT (check ipp'�icziblo bc)xe5j: I Fitt v�r h;iq copk­ of all information listed abc.•ve. 2 buys -1 hu[; , e,ceived the, parriphle.1 Prt)jecl Yt%w LC.,'1d in Your Horrv. F_ BROKERS' ACKNOWLEDGMENT. Rmkf^­, have info-mooi &diel" of Ielturts obligalioms tondos 42 L.,S,C, 48 2o to: a provide Bo?(r with the iednr.,lly npprovoc pamphic' on lead p o i s on n a prm-ntiam f _' c-Dmpiet,^ this. 7 ance-idum: lrl disol.­sue -,Irvy lmnwn kart-basr2d pnint nrlrj./or lond-based paint haz.-jrds in The Pwopnrly, rd) dolivoi all and reports to E;tyef per4riirig to pa!n,, lw)zarm ki rn•p- Prope.riv: Ptnp-->rtv inspected; awl to cxinoleied C.Opy of thisz provide �;Ljycr a period Of LIF, ',,) `Q da�, tQ NOVe t�le- ad0u,wiLirn for a, loast S years fotlowinq -zirte sale Brokers are aware of !hetr [0 IRZN;Url,>. vxnpii<inco. F, CERTIFICATION OF ACCURACY: The tollpwinq person Kav, rekriew d t!v(i inifnmation to Vic that the mtl.-Ifmalion they ll:jveProv;:Jc id is Wid, 8 u ve r DaTe sr-ter Date Dale., SfAc?l D at Dale Lstirtctrckter Date rs,r fcm of 1,— odd—dw., w 0,�, Tnxp P-1 '1'._",­')v f, Lnr. vf,i, w;li, waiiilarly av W..ved Of fflalo- TQ MIS corjtTat r..Tj:l :)rl:y TRI-2 iffl(IICI(id ILI vi6 Orfly by Um.ro:l f£s, Psvu. Iiunuam. i^. m,,dci thc hrIA will ble Cu efjnquOCy V 3nv n an• I[ i,- riv 1,;r cx)mpIrn TREC No. OP-L N10TW1-_'. 1'0 PURCHASFRS Jjc d�­,cbbvd Wov "hich )vu an Am io purohasc. is iocl%'d in johorw) Cbwvy Dminup Djswxl �,cj. o. Ti)v Di�[.;(71 ali :J'n ori -?, ,')_trau,. W)d Ait icci rc, app!-ovril. all 1_at' of la-A: -,rl S�'J] �)ojlds. �)i mia 1_iw T-ale of Mx" kwkd by No Dark! on :c ti pmj).,v loc.iitcd ill Th Dis-InCi i,, 2cq,tti .)n CIch i I )O Qc 4axi: arnminr ol'bonds rha; UK bcarl appnwod by tY, liml whi,-Il ma,.,., h,C by jw� Di.L�ricl (cwiudinc, !-ofunding bcjnd , and wy bonds or Immon of bonds payaW sodch hum wenw- wCowd OT OxPcond 10 be roc.c.Jvcd ;)ursuaro io a moon Wh R gm=inewK ankf6s SQ bowmo-, L'�.>l I I V.'W! T,'\-.TJm T��[,tmdilw 1)opjs 11,1vc bean appmvus by uh,- L:',owd in Te hd5wh1.'. abeivol at imwlls 2('O, - •% aggvgaw OWN jinn' 0 wnmwi of A bonds of dic QsMcl, in vllok. o: p,_V1 k'03Tj Li.\C.S tLX d[.Kfintj rct'undkg honds and any bonds or ponim of bonds [,'i hk sobly Wop rownw rulved co- expectcd !o IX! JCCCiVCd PUFFLIL7111, 10 T1 C01)11 K 1 wilh [hat 11ao, C twcn pl.cviouslt issuc!Si IN SIT lowavv dic cuums IwAyal mnounm of COELI'itCl ION CIIUC. icbnWQ bwWs owannIng w as hinowg Seed 2003 Conran knenue KuNnding Rands . S950,00m Pic cmmma rawmic •livid4g bunds arc sorviced throug"n Tees collccicd 110r mahzemnec and operaring. Funds fivoll tnainforlancL, and operalim-, arc tnllnsierl,.d TO CICbT SCI'Vit-,C foT 7n;5iallmcm rowltrd payrnclit of dic c•ntract ,evcnuc rcj finding bonds. No scpapaic :ax is, Th Djstncr, 4)ot iniposc i! srjrl.J�y 11W PwqYK: NO, Disirict is to I)rovido cirlinag'-- ol flood wwro) hwi1iJCt_, and wiihir-, Wo 11vu-0 Wough Me Anuilloc of honts Pyahk W whok Or K pan from proj)Qrry iaxc.s. Tl.w cast of LhOsc lirailzV 1'ac131l1eF: is 110, iII6LkJC.d ill tbC ]-M VChUI.',;C. PriCo 01"Y0 UT j)T0pcl7.,:, and thc:c utili7,r lhLfliric,; ,irc (,,7 lo arc' ovnctf b-,- du- Aw Wal des0whon of fie Pulpeny whob YMI wy a"Wina A as wuow: Sum Pxkbh A We 0001 PURCHAW IS AWASEV T'H;VT THE KFURNIATWN SH0\.VN ! -)i\,' THIS FORM IS %BJEC"T TO MANGE BY TI-If DISTRICT AT THF-, DISTRICT ROILITINELY FSTA BUSHES RATTS, 1.-)[-'P ING '1111'. MONTHS (WSEPT04BER THIRCM10H DWNIBER OF .1"A1,71i 1'L. -UL.EFT'ECTIVP FOR THE VF.AR IN V,`HVHTHF.TAX RATF.S ;M"F! APPROWD 13) DA DISIACT PURCIIASER IS AlAISH) TO CON*1 AC THF, DISTPJ(7'f 0 1)F'I+.RmIN)- ?IF STATUS (* A\Y CURREN] ORPROPOSIA)CMANGESTO-511F INFORMATIONSPIOWN ON [ills FUKM. TO undasyned pumWw hmvhy acknowkwigns roevilm a" 10 15mgo1F g Ail 0v ar or phor w oNceuww of a WAT cmuraci kw An pumhmr of W- p.roperr\- ciescribed in such native or a- 01 pLIT'c:I[T;,C of th( J'C-aJ Dale THE STATE OFTEDLkS COUNTY OF This instrument was acknowled--ged before me (m , by Notary Public, State of Texas TIDE STATE OF TEXAS COUNTY OF This instrument was acknowledged before me oil I by Notary Public, State of -Texas After recording. return to: Approved by the Texas Real Estate Commission for Voluntary Use 10 -10 -11 121 Texas ;aw requires all real estate licensees to give the following information about 104K, M'x brokerage services to prospective buyers, tenants, sellers and landlords. ,P0PrVN11', Information about Brokerage Services efore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. It you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner's agent. A broker who acts as a subagent represents the owner in cooperation with the fisting broker. A broker who acts as a buyer's agent represents the buyer. A broker may act as an intermediary between the parties it the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you, A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner's agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the fisting broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner's agent anything the buyer would not want the owner to know because an owner's agent must disclose to the owner any, material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer's agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer's agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer's agent anything the owner would not want the buyer to know because a buyer's agent must disclose to the uyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent or each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties' consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker's obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding. Real estate - licensee asks trial you acknowledge receipt of this information about brokerage services for the licensee's records. ii _ / 11 - ;r-Seller, La idlord or Tenant den S`1 -ar *1 1ab1G- ng. ^1 , i,LC Texas Heap Es ate Brokers and Salespersons are licensed and regulated by the Texas Real Estate commission (TREC). If you have a question or complaint regarding a re I estate licensee, you should coniaet'rREC at Y.O. Box 12188, Austin, Texas 78711.2188 , 512- 936-300D (Ntp7 /www.trec texas.00v} TAIR -2501', 10-', 0 -11 TREC No. OP -K NAI Sired 1211, i tonr Rcaumonl,T?: ?7701 Phnee:4(Ir.goq_:i : i,):i Fax :;t'(9- Er)9.3301 Lnua Goss GaidTf Street Produced nitre zipFormq, by zipi_ogi,, 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.Z1,DL0g1x.com Approved by the Texas Real Estate Commission for Voluntary Use 121 Texas taw requires all real estate licensees to give the following information about flous "' WORTUNry brokerage services lo prospective buyers tenants, sellers and iandlot Information About Brokerage Services efoie working with a real estate broker, you should know t� -at the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner's agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer's agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly. IF THE BROKER REPRESENTS THE OWNER: The broker becomes the owner's agent by entering into an agreement with the owner, usually through a written - fisting agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner's agent anything the buyer would not want the owner to know because an owner's agent must disclose to the owner any material information known to the agent. IF THE BROKER REPRESENTS THE BUYER: The broker becomes the buyer's agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer's agent can assist the owner but does not represent the owner and must place the interests of the Gruver first. The owner should not tell a buyer's agent anything the owner would not want the buyer to Know because a buyer's agent must disclose to the buyer any material information known to the agent. IF THE BROKER ACTS AS AN INTERMEDIARY: A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an 10 -10 -11 intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker's obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction: (1) shall treat all parties honestly; (2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner; (3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the buyer; and (4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property. With the parties' consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one patty and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party. If you choose to have a broker represent you, you should enter into a written agreement with the broker that clearly establishes the broker's obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding. Real estate licensee asks that you acknowledge receipt of this information aboot brokerage services for the licensee's records. Buyer, Seller, Landlord or Tenant City of Beaumont Date Texas Real Estate Brokers and Salespersons are licensed and requlated by ttte Texas Real Estate Commission (TREC1 11 you have a quesiion or complaint regardino a real estate licensee, you should contact TREC at P,C. Box 12188, Austin. Texas 78711-2188, 512.936 -3000 (http: / /www,trec.lexas.gov) (TAR -2501 10 -10 -11 TREC No. OP -K NAI Whveler,470 Orleans Street, 1211 Floor 3eaumw1.1'X 77701 Phone:409- 59u_ ; ;r) {; Fax 409- fl99 -; 301 Erica Goss GardenSlt'ecr Produced wtin ZipFormC) by zepl-ogix 18070 Fifteen Male Road, Fraser, Michigan 4802E www.zipLoQix.com AUWFZNDLM ONE TO (.`0N1M1,RCL,0- CONTRACT-IMPROVED PROPS KV) Thn ADEWNERM WE V! MtVIMFRCTk-', '�'RO?HPM' u-11,1 and amd: 0 })gym o!- ccrmv) C,311-1111c7ciai id)! b�,tv,,mi The ('11) of 113vuumont :ifld G ffdCl) Sireel Holdings. LLC f "13 ing W gdo wd Imalaw of he Pmpuq, dwaked K Kh Ed A of to Commc, -11vic"I 3 ,,Izlrnonr anv ii>C':11C � .it 625 (Heins, b�Iutnonl, Tuul In "11c us" A any cynflhci `%ddcndt-'W (kw 1trlj Jlos-, ")i TltC Add nchm-! Oi)csli dl and conro:. n SULLER AND BUYER AGREE [HAT THE PkOPE,10*1 IS BLIND SOLD TO BU-VER AND NVILL V-1- (:0V%`FYFA) BY SELLER' TO RUYE'R IN ITS "AS-IS"' "WHLRE-IS" CONDITION, WTI-H, :4.1,L SUBJECT TO NLI, RIS)�S ;kSSOCIr�L*11,1) WITH O\V-N)l!3ZSIIIP OF TIME PROPERTY, .4,N-J) VVITHOUT `,NAVK.-kN'l'J.E,'S OF ANY JOND EXPRESS OR 1IMPLIEV, EXCEYT FOR THE' SELLER'S SPECI.41, }VARRANNTV 017 TJT1,17- \VITAOUT IN ANY \vAN' I.JNMITINIG, ITE GENERAIATY OF THE FOREGOING( THE SA-I IK OF THE PROPERTY NV I I., L, [iE, WITHOLA ANY WARRANIN REGARDING T11L CON[WHON, S14TAMITY. FITNUSS Olt QUALITY 01: THE PROPERTY, OR -ME PMENU (-) ANY DL.FECTS OR CONDITIONS, WHETHER KNOM!N OR UNRINONA'N 1^(-,) SELLER. AND SELLER AND SELLERS ACCNW EMPLOWL4 ATTOPNE•S, CONTRACTORS NXV AYFILIATES (COLLF IF np CTIVELV, VMLA FIARTIFS") F.XPRESSLY DISCLAIM ANY NVAPZRANTY. Of' OR RELATINIG, TO: (1) ['HE USE, INCOME. VIOTENTIA-L. EXPENSES, OPURATION ()I-- THF� PROP):R'I-')' OR A-N')-' PORTION THEREOF. INCLUDIN("" VIVITHOUT LIMITATION, NVARRAINTIV-S OF SUITAHILrn. HARMEWTV MERCHANTABII-ITV, OR FTFM�,SS FOR ANY $41F 1,11C PURYOSE OR A PARTICULAR PURPOSq OR GOOD AND X10It.KMANLJKE CONSTRUCTIOM 01) THE ENRWON"MENTAL CONDITION C)F PROPERT1 AND THE PRESENCE OR M&SPACE OF OR (-0N-TA-N4IN-.`k1l0N BY HAZARDOLIS MATERIALS ()k THE CO-NIVIAANCE OF THE. PROPLRT) NNTH-1 ALL RE'Gi)LATION'S OR LA'+,V,.s RELATING TO HEAWN OR THY ENVI,RONNIEN'J. IN'CLUDING, BUT NOT LIMITED TO. THE CONIMMENSI'VE E NQ I R 0 MIN f E!VI'A L PON", F,X.'0M P ENSAT 10 N AND LIABHJTY ACT. AS AMENDEEK 42 IM! § 9601 E-V SIJ)- THE (ANAERVATMAND IZI C'(}l'E;I.I ,kCT,AS A,VFFNTW-D, 42 ( .S.C. 6901 LT. SEQ., TEXAS SOLID I HE O(L POLLUTION' ACT 33 U-S.C. '§ 2701 ET SEQ... AND T[W "ASTE WKWAl. Wr I'm HEMATI & SAFETY COOL ANN. § 361 ET SEQ.. Floe I of 10 L ACII :•AS N4.AI BE ANIENDED FRONT TITWE TO Ttnik:. AND INCLt:I -ANG .A'A'A` _-01) ALL RLGUL:AI'IONS. RULES OR I "+( LIC.IES PIRONIL•LGA f -ED I III ?R#;t'1I) };R ( "F?4 "t'II:tiIN 4'I #:N "rA[. LAWS "),, AN[) (III) THE SOIL C'ONDJTIONS, DP AIV%(;K, H,()0D1 \v(. CHARM_'] WSL'IC'S, LTILITIES OR C ►TIIFUZ CONDITIONS EXISTING IN OP ON' TIFF PROI'EIRT):; A!\D (Iti) ['HE AV AILABII,ITY OF P ARKIN6 OR' THE ARILIT TO GI:T A"ti 1' REQUITRUID APPROVAL F RON•i :LN Y GOO ItN iI.E:N''[ AL A(I'HORI'I A RE.C;,IERDING BUYER'S [N" }ENDED I)E1 "LE..C)I' +IE S'I I'I.:AiNS FOR 111C PROPERTY. BUYER HEIRE Y �t:RI•:1.5 7'C) AC'(:FI'T TEi #. I'IZOI'I?R'i Y S[ ?F.dEC'T T'C) AI I. I:ISICti, 1_I:AI;ILI7IF+ , CLAUNIS. D.ANI.ACES AND COSTS, S, [NC'LUDUNI ; ANY LIABILH V 1', 1,171 RLSPECT TO EN TRC }NM} NTAL L.ANVS (A-NI.) AGREES SELLER SHAM- NOT IMF LI,ARLE TO I3U)T R FOR :ANA'S I'CIAL, INDIRECT. CONSEQUEN'TLAI., UIR OTHER D.XNI:AGESI RESULTING; OR ARISING FROM OR RELATED TO THE PROPERTY OR '1 W USE, CONfI)ITION. 1- : (:)CAT1()N', ILIA INXE-N4NCE, kE P AIR 01' t)I'i:Et:lT10 V 7`#lI?.Rf {)i. IN CONSUN' NIAT[NC: THE PURClI.4ti:E. Of THL FROI'LRI'Y I3L YE'R IS N'01' RFI A INC; ON ANY RI-A)I;ES }''TATIONS OR STATVAIF- -''T'S (ORAL OR NVR[.[TE:N) A\ RICH MA1 HAVE' € EL'N 1'IAD OR 1\JAY BE 'MADE. BY SEL.i.• R. OR S#:'.I.,LEWS IZF'I.,•A.VED RARTH[ 'S, A'E'I) IS RE;LY[NG SOLELY tTON BUYER'S OR BUYER'S I2EYILh:SE.N`I.A7'}A ' k.S' Oti4N VHYSI-C'A -I. INSPECTION OF THE PROPERTY. BUYER EXPRESSLY AN'.AIVES, TO THE EXTENT ALL•OA ErD BY LAW'. .A_NY CL.AIAlS UNDER FEDERAL, C)It tYl'iI}.kt I,;111' fIN(: }:l.C)tl C�, [ii!I °C)T I,Ilt7ITlE) 'ro Ci)I�'mi(,)?� LAAA, 11'I1[,-'J HLR SO NN'DUVG I'N CONTRACY OR TOJZJ', :AND A.N1 .A.ND ALL E:NVIRONNIEN1 AL LAWS) THAT BUIVER MIGHT OTJJERWISE HAVE ACAINSI SI?LLUR EtLI_:VYING '10 T.HF CONDITCO�N OF 'ME, PROPERTY. BL'1 H`J, I,t?%TIII:R ,'AC'I N'OW. ,EDGFS THAT TILTS PROVISION [S :A N ATERLk[- INDUCEMENT TO SELLER TO C'ONSUM -h1ATE THE PURCHASE :VND SALT C)k' 'I'I�I 1'I2C3I'F:RTA . 'I HE PROVISIONS OF T11.1, SECTION S1 AI I SUERV'IVL C'LOS'I.NG, 0 UA'CI R AGt2F; #?S THE 41` THE FC,)REGOIti'G OR SINULAR WS.AC:LAVN1 R 11I.kV RE IN THE [)I:ED DEIJ VE RED BY SELLER TO BI.AT:}: .Al C.1,01,JNC; AND SHALL AI.4O [3L: INCI:1101�;D IN A CERTIFICATE, DATED AS 01' THE CI.O I.NC: AND REFLF.G -FIND THE [ OREIGOINC, ,ANT) TO BE E' ECT'"I'ED ?A' I3UVEIR :AT ('LOSING. T}ie 1ornl of'Spocla) tit`ti1`IHl "ti`v he :a tc, be cich'•.crCj by Sclicr 1 -o Du-r `,i Cit {. O:;fIi`r Tic rr. Lhc conyl <111- ,a;-1rcd �wlv.1i.:J:. F.xliihit "A" :: A )v i. If bu_vcr cjcx,!- to L'rz,tirrsi:c 131; C�ontlacr Lind 13f3t C of C, rllcil $uycr shall Irrovidc 5clfcr at the ring. BLIVOr tL-MITi[ftCt the COOD-.iCT uipics of aIny new Su,-vev of rile Prcinmiiv n ,,iinc�ci ' In �s, I: and Sul }• em�irtatul>- entail J'erx.r�t�.:, n.spr ?c,_�n rchnl � i�ez;si��Iir� sn�c�cs. .7tic I7r ,IJ;S, is , G!)iS. .'tj)h:tili <ii5 <lll '_711111aI dLki ti:i1LCJ C' FC :pon: ob;a jjl -J b7 ?;U\. IiOT:: WIy :'u IiaiT1` i:i cc»;n:. aoll v,iLti I >tJ +cr's duc: 3111;.,.cnc._, iri� � t._�.rtrur`: cJ=ld of the I i Vc � 4 �op.\ o: am, rE)t)cc LI: In �o S-,Jo? ShLill ;lmuhnnf,ollslv y will lo anonw« as 11 (" c E o.\ Clvl!-dllorl. Fox, Joh� m L Mill,, FT:, C, Ldda, Sui2 d0 Fkaumo)iz, TX J77-0- ux: '40d S-,'-OOS-1 CO D-1 F11-1pc 3 of 10 The Cil v o 1, Bell " 1110111 Bv� SYJINEI.) bV BW'L-- On thil' day o' S(.rve( Holdings, LLC 4 ili 10 EXHIT."IT —'\" FORM (-)F'--,PLCIA1- WARF,'ANIA DEED NOTICE OF CONFIDENTIALITY RIGHTS: IF YOU ARE A NATURAL PERSON, YOU W.AY REMOVE OR STRIKE ANY OR ALL OF THE FOLLOWING INFO-RIVIATION FROM THIS INSTRVIVENT BEFORE IT IS FILED FOR RECORD IN THE PUBLIC RECORDS: YOUR SOCIAL SECURITY NUMBER OR YOUR DRIVER'S LICENSE NUMBER. Cate: SPECIAL WARRANTY DEED `014 THE CITY OF BEAUMONT, TEXAS, a municipal norn;.n rule c;jjV ajrjd Df thr. Szatc of Texas C'7'r,intnr's l0aflinc. Addrf,!;s: 801 Mlarr, $treel Beaumont, I'X 777i1 G ran I ee ' Grantee's Mailmn Ariarest:: cy Of vvhlc-1 are a"'I'r1r'wI Protect All of Cranicir',, Inierest in that c.erjairi tfaa of land approximal(-fl\ square tees. more or jc.-5s, out of Block 10 of the Original TDwnsite Of Beaumont in the Noah Tev--s Survey, Abstract 52, 6eaumonl, jeffe.mon County, Tr-.>,.aE;, as mcire -particularly Cescntoed on Exhibit "I" at.laCbed herrLo, 1.0clelher wi;h all improvc3ments, fixture-, me personal property, and all ns Grantor's ,,i9ht!;, h)cr'&ditan)ents and ntl�" inulir"19 to the benefft of the Property irldLicling, Witf10Llt linlation, aV ' rig hi- till[: ao n interest of Grantor and to all adjacent streets, alleys., rights of way, arid easements, il'anv, benefiting andlo,, '0LJF0enMg I'll,& prooe�'t-'. R3sc- vations from and Excephons arc VV2! r9rVv: Encurnbrances. 7h ;s Special Warranty 1r: to I". ') any anc all valtr: and ,;u5sisbrIQ easements, right&-of-ways, ConpitDns, covk7mqni!>, restrictiriTIS, F12SerVJ(i0M;, exceptions and other CnCLi.rnb•anc--,s 2ncl rnatters Filed o' record. (ii? aV buildin,p and land use c,rdir,ances, lases, FeUUJaliorts and reSjrjCtjo17S r• rnL),);C.j�r)aI Or ether gcwernrne11tll authnrity- 1c, the Prr)rjerly, an�� dij f a-ny ctner riphrs 11) 0r;.:117"UTTIbrWIC(-yS on the Prrpv-.-rI%1 whij) are inspecliorn or Survey of V"e T-axzS Taxc,. , and wscnssrn•_n[s for Ine -urrera Ve•, are as Of the E`Ite.c.live D ,,te above, are Grantee 3ESUWes the tD a y1-1 'W 04 ,L;C!•! and ass -nts nfter this Effective Date it 10 C'MVP.Van-p No Vdxrar)jjk_�- As 11 FrIAlt-ri,:;A1 Pa"ll of the COTTSidemlion for lliic 'Spech! Dead, Gr2r)lorand Grantee acknov.6edge ano agrae that Grantee is takillp the pfol)&rly -AS IS, WHERE IS, WITH ALL FAULTS,• %A?jlh any and all latent and palera oMe,-Cs and ih@, Mae r-, no waf7anty try Grantor that the Fropeily has a particular financief value or !, fit f5r , j:--arliciflar ptjrfmse. Cl;r:mtec acknowledges anc St!PL1l,)t-DS that Gmnitge is not r�,lyinc on pr)y OlOw"MMOM st9tenlc nt, agreement, FICIUCCMC-Ft OF fllhrts F'sserting with lo [tie cor)difiorf of the Propeny (w mowdq Rmow limitation, to enorannerin or physIN cmdMor, bus is rely ng solcly or-, Grantee's isommallon of tln F'raperty. Grantee takes ttie Property with the cxprcs_> undersLaridirig arid sfipl!lation that there are no express or implied warranties or representations by Grantor of any kind. Grantee's acceptance of the property is at the sole risk and liability of Grantee with respect to Q the present status and condition of the Property, if) the euitzibility, fitness or acceptability of the Property for Grantor's purposes and iii) the right of Grantee to access the Property or to ingress and egress to and from the Property. Further: Gmntec acknov,,ledges. and stipulates that it has haG access in ttl(' Property to cond[j�i itr; own investigation and assessment and is wel4 aware of the condition of to Propor-y, ;JrLd Indeniy�iil • GwAe4 for ;tell anc* its succ,,:!,,i;ors and asygns. 0 agrees and covenants nA to sue Gramul RQlawn PmWs (as defirsd I)eJovo fo,, any aid all clalrn,' (Z* :)eflr)ed Lrc-lpv;) and ii:i agrees to acquit, release arid forever discharge and to defend, indemnify and hold harrriltss Grantor': ReONC PaNes from ano ajs C!,--mms, in bosh (mites, that amoly 0 or relate to, in ziny ­,vay, tl-,e ronditian, ownem;hip, ijse, mainlenanue Lit, uperajiot,., of [hC- P,opsi-,y ak any t.mc-�. %vinother hef:?,re, on w after Us 1DMe above no matter how or when czused. whcth�r knovin or unknoAm, triat are asserted or made by any person of nrifity, V,'hetfiEeF Public or private. under any Law, provided, ho%,,,eKer, Grantee's obligation to defend, indemnif' and hold harmless= the WnWr Rdat,ed Pates is limited to Claims arising from existence C; and that on Me Fmpwl mM*hw know or Unknown, and Grantee is not obligated to deferid, irdernnify and hold ham­rles& flh,-, Grantor Related Parties from their awn intentional acts, riepliqonce. rockle._-,sress or other willful n0conouct As used herein. the term "L-,iv` shall mean any st,- lo%v. rule. reriulafion or ordinance. ' whether fooeral, -,late, or local, whelhe, a! lavi, or OnAy. Water by AaMe• commcin law. jirfrrivns�ratiw,L or Tt-qulalory proceeding , o,,j w - ri ;el isc, ahetlin based on the neghgence, Strict liability. willful mjsconduot or other sonduct of any pony hereto or m%wiso irk rndLoe vvi*hOut 411-4atior, ar;0 by way of example mily, the Cooprohgnsiv° Znvironm-,-�ntal Q.�n;ponsu, Compentation, ana 1-j3bilit-,y- Act., the Resf.)Ljrc�?s Consen(aVon and Recovery Act, the Cltarr Air ACL the Safi _Dri;ik:r1g 'Natef Act, and We Clean V-,'21ar Act, c;r ,;rmiW cw cWnWMar[ slatE stalutes. As used herein. the terms Qaims- shall mean any and all la%t;es, damages, dauris, causes A action, cross-clairris., counterclaims. rights Of contribution or indemnity. rights or reirribijrscrric,nt, k'n',, SVOC, liahilitihs, aernands. Paynnivn oxpanses. cost and fees, En wits -lo u. 01141 by y attorneys' and expert vVitness fees, Coul coss, cill or anannal penalties or fines, iaxes, and Ink, other chayes or any Ifinci or nati:r­e :vhnsaovw, ThL- teem "Grafton; Eel - shall all rude C--�rpritor anc, it:; rIffllla`l(-­-. 8LIbEiidfarf&:, Psrrq.iI!�Fyee.�- officers,, directors and eig ,erits an,,J thf,,ir Fmounwe opeseritat.--ves. swcessor=. and assigns. ATI-,,' Claims riot here-in released of uklaqel by Gmilee are irrovocat)iv issiqn�d :iy Granter; to Grantor. Q• wmpt +on of Gnaryee. Or Well ana as suclesso" and assigns, assumes, undertakes and accepts any and all responsibilities, obligations, risks and imbillWev A 2my, for !j the envirc)rirnpnlai andeor pnysic ,., f ,nnrfifimi of crsAg, created Or SA in We neW or or rifter me Date came, whether j,,rjo-,yn 01- L2*nown, riatter, how or 1xhon CaLlsec. whether based on past. present or tutun� oondificms. orx.m fions, activities or c�ve-nts, arising under Of related to any Low, and k) the rerliejia6on, mrnovak transportation, dispose Undmew or DM81 odoositbn of any and au pohumnt, ;. C.Aammann, wwlu�s, fnaleri•is "Cid In, or or under IhD %yedy or wjch are rNaWd Dr wwmg lion-I ill r: P. op ert/ i, , wW kniv %QeMw beore. or, or attr the Da!'• atmv'? .,, vvIif-iIher hazar=s or not Mat !.,; or may LG reouired under any La,A,. 14, 6 of 10 he reieam indemnity anc, ...Selnl?tlJn or rrsponsibili �' ob1 •:laiiorT5, Z,5 S8l fo`It) In f'.''.r�,gr� in 4 anc above. Owe t:ereina ter remnee COl!ectrveiy as "GmnWe 04[gations -" rr7nC,7 iar the Consicl'rrWbri amJ 5:lt qM to till Rese�rvalm-ig rr >F i and �X.'.G''f ?t3PRy l +J Ccmvey;inc:c anc V- t,ar -anty, anti SubjeCt to aric canditioneI t;por: Gfa °lli e s acC3,�tarrCE BYid aareennuW to undertake the GrYSrike Obligatrorl5 as set forlxr above., chants, sp.Ps, and ��onveys to Graritee tree F'rDperly, together +,,ith all and <:ingrjl,w thy- rights and ap urter maces thereto in any v,,ay beiongii1q, to have and to NNI h to CIr2tNOS and As successors,, anc. assigns foiever. ,grantor binCs Granlrx and Grantor's suc>; essom anc assigns to war -aw, and inn; vcr defend He to Me property unto Grantee. Gramee'y uca om and tt:Ypins against every person whomSciever laWiuf(,:.::lairi -iNg Qr to Claim me Saam nr any part thereat, taaym kn tho Resrvatlons. sttbje to thf, from and E>:cc:stsot-s to JYrveyan VuIarranty an_! ranter. Obligation. ti lion the Clair: is bv, or ltn eT 5raw:)r brit n r,i •otheravise. Thfr oranges ac *noWedge and atr ee tOi 0 any Rmitak set fU& a` -tiove are rncorporateC herEu n for all purp�sc s, iii Wo captions beside the rnumbe5ed paragrr.pt o' this instrument are for conveniElnce or :ly an6 will not lint;:,. bnlarge. rnad(fy, or otherwise allect this Special W a:rrantyo Deed. and iii; tiWhen the context r2quiY�s. _in�uiar nouns; anc pmnauns inCludL the r_ >lural. Tnis y Give ' •: o' the Datr. nauve Gm nlea and Grantor ai: r't ]4vl£ f;y jinn a}(gfic-e that zrie reservPbc s, (,,ov rants, restrlctl)ns t3ntl ohligatlons contained in thr. Reservation; frorn and Exceptions to Conve;yarrce rind'Narranty, and in the Gmrmee Obhgations, as s-al sor'th in this Special Warmny Ca C ) are reasonable in their purpose. iii tc,uch :;nd ccmccrn She ?rnpa ty, iii) shall rnrn with the land making car, tr)C. Propedly, iv? shall be ?;inky on G:'arrl::c:. and its succlessir, arid as5'igns, torever- fSfcrnaiure pares U11uio.J i':rrE 7 V 10 Grantor: The City of Beaumont, Texas 011V U L X.81S COLJNTIr OF JFF':7Ef�SON tiis inst-umpuril was acknowledged tDerore r!w C n -1014 by KOe Haves,, City Manager of THE C1711 OF SEAUNIONT, TEXA�S, a muni:#al ll")Me rtste ckxporation imd oolitical sl'll*.Idmi ;irjll of the of rjs t:�c act arld dee.<.i :end on behai' ull soi;j 'City. State- of Texas sij I I , P.:rJ'c' PaEv' 8 of 10 Gramee; El,y:_ Nemc S74k TE OF TEXAcS C:0:,1!QT-Y0F JEFFERSO,,! This in unl ma knolvledoed ytoe me ofl ths — ray ot 4 by IM; a on bchalf % 7d« the ar.? anO d&ecof s:jid i,ntltv Nc )'ijry 3lw0 » ond Er the Staie 2 Texzis 1) "Nf 10 LXH11311 'T PROPERTY DESCRIPTION f , � I -n 1 f � c , I I} .. ,.k,: MIND 4 24,700 sclasre f=—, WA=� wlt Ekmi oat of Elm 40 of da, D iNine. To" of a= maw" m the Kmk Tt tow Sura_q, F.bm -- SZ, Sam =rr. ieffm= Cam. T=r, aaid md how; el! Of UK 2111 sal 20Q Ard pw of Las 198, 144, 2W anti 205 of old So--k 40, sac, hehry 0 of tim pMp--r cmvvyrd to li vu� E Mllkc by D=di defies Mx 17, 1931, and s rwr m 'I o: Z3I7 pagt 460 of thr, Timed l&aixb of le(Yetsou Covn4S'. 7hxes BJ�3iN6allo rt do mar SS eamiy a: Nor bww cm= of 1a' 201 ar Sin k 4d, of the L)tigttml Town of Ems, L44 cor= bvhls imm"d m the polo'. of Ltun`doa of the Nartiew-uly nghf of wau tine of 0;6== strct e16 st SaUd=smrty nph of wok lla: of Famh Stro�j TH24C E Narth 44` 20 Bzd jtef=== bmriss) aio»E rise 3o4hreastmiyr right of "I iloc of Fraatn Sine and 4-, tht: ldor6mua:rly ltae of Lam. 201 esf 2M of BlUct 40, c deww-o of 120 4 be to Lk 74ast7sees: m' mux Nasdwiy con= of Lot 2OZ, sod um moj!� W -cTMIT come of Lml = and betm (M Mon R >5, or taftwest oamcr at' [het onteb, . tart r avveyed to kJirsaap Tb=lm S=cty by Dad doted Movcmitx' L L, 1976 ad er=de to 1701. 2.035 paga 442 of 6m Zted C;=m* of ltdfcrraa Ctrmty, T=. TnNCE Suuth 401 34' Fast aloc tic oosrm" lEtta of Lou 2M aoaf 203 aad alaor the Smnbw=t=iy flee o: the sau ,letferanu Titasim Tm,%, & disc = of 160,0 fat to the marl Soulb=V at Soulhwctt to = ei sald Jeffaaon Tb=tre Tr= lmatcZ it Lw 205t 'I'i1IW= North 49" Z6' Eaat zlaog tb Sovti=umrly Un-- of 7't= c Tm:�, r dhtm= of WOO fa: to a pour far cortr_^ low la the divWIng; lin tr tw= I✓0u Wu old 2wl* TFUWC8 S-ad 4tr' W But aloa.0 Um cmmm Eta: b--wmtY Late 2CK and 107, a dtstc= of 50.06 kcc to a poia fo; comtr !naffed Err E.ol 19E, 7RE4CC 8oub 49° 26' Rtert sloag let NOnbw= .'1y lice of r rn= cua yol dm Rog= Urozb ra by Dt---d tinted Ap- 13.1964 and =ordcd 10 Val. lib€ ps$c 675 of fit-- D=d litxotth' of lafframa Cow, Te=, Bahl Im being parailcl to and 50 00 i", y lamely of the Northaewwiy ri& of wvy lute of pamydw scut, s a=zmo of LSQ.o fox to fire ra =t w= my y or Mortfrwawt cnt'am' of aalcf F:ayrere 11rab -cm o=, mad camiw hamg food ta tht. tknU=zvly rtf4st of we}' hoc of 0d. -Int Strect Rod bola 421.00 yeti ftom de- Sotnthvtcat cx of Lm� 7iktt I UENCE heart 40, 34' wee, AL14 the xotlho ut F)y right of %my lb= of c?r1--sm Straw sttd tlm Sowhwuterty hoe oC Lose M, 2W and Mi of Stt:k 40, ¢ d}mtncc of 21ti.0 fox m tirt PEACE OP UM2M 1C3 ri-d =telnbit la arts= 26,700 tqum felt of taad, aKm or teas.