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FROM PHONE N0. :.409 696.6350 G:G P02 ,, e'n
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REAL ESTATE pURCHA$E_ _~4~."('~t#~i~"I,~ ~/ (-~ ~'~ ~`
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~ THIS IS A CQNTRACT whereby SUDHIR D. PATEL, M.D. and ALFRED ~.
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' MARTIN, d/b/a HIGHWAY 30 PARTNERSI-iiP, a Texas .general partnership ("Salter"f, ~`
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agrees to sell to t'AYLESS CASHWAYS, INC. (an Iowa corporation} or a subsidiary to ~ q
which this Contract may bo assignod, ("Buyer"}, who agrees to -purchase, upon .the ~~:
terms and. provisions horQOf, a 1.67 acre tract of tend (the teat property}, situated in
j the Ca+~nty of Brazos, Stets of Texas, as shown on Exh'-bit "A", which is attached
{ hereto and mado a part: horoof {the "Real Estate"}, together with all appurtenances
therefio, free and clear of alt liens and encumbrances. The exact legs! description of
' the reai property shalt be determined by survey.
i TERMS AND CONDITidNS
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1. purchase Price. ~;
The. purchaso-price 'shall be Ninety Thousand Nine Hundred Thirty-Qneand..
50/i Qo Dollars {$90,939 .a0}.cash at time. of closing. Notwithst3r~ding the foregoing,
~~~ the :purchase price is based on a price of $1.25 per square fOOt, and the purch;~se
price shall be increased or reduced to equal the ptoduct of $7.~5 times the' number
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of square feet eanstituting the (teal. Estate as determir-ed by the survey to bo
furnished by Buyer- as provided below.: -Arty such adjustment shall ;increase. qr
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.decrease the purchase. price to be-paid in cash at the closirty. {The purehsse pricy as
so adjusted. is herealler referred to as the "Purchase Price."}
2. Farneet lylQnev.
As earnest money, Buyer agrees withirt ,five (5} busiridss flays after Buyer
receives tho Qxocuted contract, to deposit with Stewart. Title Gudrarily Company {the -
"Title Company"}, the sum of Seven Thousand. Five 1°Iundred and Nv/1QQ Dollars
($7,500.oo}r wf7icl~i st-sall be applied towards the purchase prtCa at time of closing.
The earnest. rlrUney stall be refur+clad ls.~ Buyer upon wtitlen notice from Buyer to Tltlo
Company that sit contingencies haves-nut.be~n rrrat, c-r thdt for airy other reason_nat
due to default of.the t3uyer, the sale of the flea} Estt+te will itiot be consummated.
3. Taxes.
` Selttsr shtrll pay alt taxes, general a~~d special, and all. assessments which aro a
lien.. on said Reai Estate and can. ba paid ~t the date of closing,.. except that alt. general,
_ .-.---.._..__ ~......~a~..e .,t ~e~,r-tea_ nan~ttias or int01'OSt1 .