HomeMy WebLinkAboutContract Clairificationi'IH1'6—CV'1V UJ�l✓JI' i'RVI'1�1'1Vlall L1IYVDHI `l!]CO✓JOIJG IV�O�JCYJOV �".J �'W
THE PARTIES SIGNING BELOW ENTERED INTO AN AGREEMENT FOR THE
SALE AND PURCHASE OF A TRACT OF LAND. THE EFFECTIVE DATE OF THE
AGREEMENT, THE DATE OF ESCROW RECEIPT, IS MARCH 10, 20'0, THE PARTIES
WISH TO CLARIFY SOME OF THE INFORMATION IN THE CONTRACT.
IT IS AGREED that:
1. The Property the subject of this contract is described by the metes and bounds
description attached as EXHIBIT A.
Z Seller or Seller's successors, or others under Seller's or Seller's successors'
direction, will plat and complete a 50 foot access easement from Graham Road to
an 8:973-acre tract (2083/138) on the Northwest side of this tract. That access
easement will be along the east side of the Property the subject of this contract but
on the adjacent 2.60 acre property. Seller has agreed to provide two additional
access points to this Property from the 60 foot access easement, curb cuts, at
approximately 93 feet and 253 feet from the corner of this Property located at the
intersection of the access road and Graham Road. Buyer and Buyer's invitees will
have use of the access easement, Buyer's or Buyer's successors' rights for the
use of the adjacent easement and curb cuts shall survive closing but are
contingent upon Seller or Seller's successors establishing the easement, Buyer
acknowledges and agrees that Seller makes no representation or warranty as to
when the 8.973 acre tract will be platted or when the 50 foot access easement will
be constructed. This provision will survive closing.
TEXAS A&M RESEARCH FOUNDATION,
Selie"
un
Vice President
Date signed:
FAITH INVESTME
By:
Buyer
11 General Partner
Date signed: 4 m,44 -z-°r O