HomeMy WebLinkAboutDeed11 Prepared by the State Aar of Texas for use by
NOTICE To select the proper forne, fill in blank spaces, strike out form provisions or
insert special terms constindes the practice of law. No "standard form" can',.,
meet all requirements.
WARRANTY DEED WITH VENDOR'S LIEN
THE STATE OF TEXAS
COUNTY OF BRAZOS KNOW ALL MEN BY THESE PRESENTS:
That I. James Bobbitt Baty, II
of the County of Brazos and State of Texas x
for and in
consideration of the sum of TEN AND NO/100 -----
M
----------------------._. __--------------------------------DOLLARS
and other valuable consideration to the undersigned paid by the grantees herein named, the receipt of which
i
is hereby acknowledged, and the further consideration of the sum of Fifty-four Thousand
Nine Hundred and N0/100 Dollars($54,900. 00) CASH in hand paid,
HOWEVER, said sum of $54, 900. 00 is paid to James Bobbitt Baty, II
by First Bank and Trust, Bryan, Texas at the request of
Donald M. Boucher and wife, Beverly A. Boucher, and the receipt
of same from First Bank and Trust is hereby acknowledged, and
at the request of the Grantee herein, James Bobbitt Baty, II
retains a Vendor's Lien to secure First Bank and Trust in the
repayment of the following described note:
A note in the principal sum of $54, 900. 00 payable to
the order of First Bank and Trust , at its office in
Bryan, Texas , said note being of even date herewith
executed by Donald M. Boucher and wife , Beverly A.
Boucher and payable with interest at the rate of 15 1/2%
per annum, in equal monthly installments of interest
only in the amount of $700. 00 each, with the first in-
stallment being due and payable on the 8th day of
October, 1981, and 1;ke installments being due and pa
able on the 8th day of each succeeding month thereafter
until September 8th, 1982 when all sums of principal
and interest then remaining unpaid shall be due and
payable, said note providing for the payment of attorney's
fees in a sum equal to 10% of the amount due thereon
under the terms of a Deed of Trust which secures said
note, if placed in the hands of an attorney for collection,
said note also providing for accelerated maturity as
set out therein,
LEP 1 1 1981
FRA a tu+uc
the payment of which note is secured by the vendor's lien herein retained, and is additionally secured by a deed
of trust of even date herewith to Lawrence. 0'Leary,
Trustee,
have GRANTED, SOLD AND CONVEYED, and by these presents do GRANT, SELL AND CONVEY unto
Donald M. Boucher and wife, Beverly A. Boucher
of the County of Brazos and State of Texas
all of the following described real
property in Brazos County, Texas, to-wit:
All that certain lot tract or parcel of land lying and being
situated in Brazos County, Texas , and being Lot Twelve (12)
Block Two-A (2A) , College Park Addition Resubdivision, College
Station, Brazos County, Texas , and being part) of' a resubdivision
9