The URL can be used to link to this page

Home My WebLink AboutLegal Document Parties Properties Terms Title Closing Taxes Special Conditions FRAU of t C-IIO-STANDARD SALE CONTRACT .7;1 ~/6 'c Martin Stationery Co... Dallas, Texas r -.: THE STATE ,OF TEXAS} COUNTY OF Brazos BY THIS AGREEMENT AN.n CONTRACT, The Estate of Mrs. Fannie Putz hereinafter called Seller, acting through the undersigned and duly authorized Agent, hereby sells and agrees to convey unto J W Wood, Trustee' , hereinafter called Purchaser t the following described property: Lying and situated in A tract of land containing 124.53 acres of land more or less lying and being situated in the RICHARD CARTER LEAGUE in Cotlege Station, Brazos County, Texas, and being a part of that 200 acre tract conveyed to Fannie Putz by Jacob Luza, et ux, by Deed dated Aprt 1 1 8, 1925, and recorded 'in Volume 66, page 585, of the Deed Re'cords of Brazos County Texas t (According to a survey prepared by DavidR . Mayo, Registered Public Surveyors and Engir:e~rs, in November and December, 1 979, approximate ly 29 acres of said 124. 53 acre tract of land above mentioned is located in the 1 00 year flood plan). :1 the purchase, price is $ 2 ,000 ,000 . payable as follows: , ~ Cash (of which Purchaser has deposited with the under~igned Agent as part payment, receipt of which is hereby acknowledged by said Agent); . Balance of $ 1 ,985,000 being paid on or before 120 days from(r~,8&/::-~~ si.gni.ng date of contract by s'etler. $ 1 5 , 000 /1 . ' i ',' 1i ..., '" The said executed note n/a to be secured by Vendor's Lien and Deed of Trust with power of sale and with the usual covenants as to taxes, ~e. and default. 1f,.<.S, \1\.Y . policy Seller agrees to furnish orie-nalf the cost of a title / to said property, which shall be conveyed free and clear of any and all encumbrances except those named herein. ! In accordance with the terms of the Real Estate License Act of the State of Texas, you, as pur- chaser, are advised that you should have the abstract covering the. real estate which is the subject, of this contract examined by an attorney of your own selection, or that you should be furnished with or obtain a policy of title insurance~ .... If abstract is furnished, Purchauer agrees within ten days from the receipt at said abstract either to acce~t the title as shown by said abstract or to return it to the undersigned Agent with the written objectIons to the title. If the abstract Is not returned to the Agent with the written objections noted within the tim'e specified, it shall be construed as an acceptance of said title.. If title policy is fur- nished, Purchaser agrees to consummate the sale within ten days from' date title company approves title. If any title objections are made then the Seller or his Agent shall have a reasonable time to cure said objections and show good and marketable title~ III the event of failure to furnish good and marketable title, the purchase money hereby receipted for is'to be.. returned to. Purchaser upon the cancellatIon a.nd return of this contract. or Purchaser may enforce 8pee~flc per!ormance of same. Seller agrees when the title objections have been, cured, to deliver a good and sufficient General Warranty Deed properly < conveyin.1 said p~pertli ~",said. P)lrchaser, and Purchaser agrees. when said deed is pres~~ted, to" pay,' th~\ b'~la~~~ th~ ..~~. pa~ent and execute ''th~ note n/ a and Deed of Trust herein provided for. Should the' PUrchaser fai1to~ i~on8ummate this. contract as specified for any reason, except title defects, Seller/ shal1~ve the right, .to. retain, said ca~h deposits &s liquidated damages for the brea4h of this c~ntract; and ~h~ii \lay to A;~t';therefrom the 's~'of ,'n/a ' or Seller may ,1 enfovce specific perfonnance of this contract. ',: ~ . Taxes for the current year, the cUrrent re~ts, insurance, and in~re8t, (if. any), are to be prorated to date of closing. (, ,~ !'. ' "..- Seller .. . ~;ent a ~ommlssion of' n/ a in cash for . :'.' h.' ~f 'j .... S~E u ~Jflb'Seller grants 6, and 7 as set items aref,\PJ?t\.j t hi's ConOt'rr a c~'t", ~ t ..'.' \.:!i'~40J'.}J"!~J Executed in This contract subject to the A~s:epted : complete It~ms, 2..3.,4,5 , .hereto,''';and if said. , Sel1er~~y <void 19 ,~..-, , ~. 'n.. : ,,~' ; I ' 1i~rch~er.\ '."'\ .i t\g~~t f~r ~.":;'.'l,. ," D'~,(~",rf:/;.)' hi;..