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<br />Commercial Contract - Improved Property concerning 1402 West Hopkins Street, San Marcos <br /> <br />E. If the Property is located outside the limits of a municipality, the Property may now or later be included <br />in the extra-territorial jurisdiction (ET J) of a municipality and may now or later be subject to annexation <br />by the municipality. Each municipality maintains a map that depicts its boundaries and ETJ. To <br />determine if the Property is located within a municipality's ET J, Buyer should contact all municipalities <br />located in the general proximity of the Property for further information. <br /> <br />F. If apartments or other residential units are on the Property and the units were built before 1978, federal <br />law requires a lead-based paint and hazard disclosure statement to be made part of this contract. <br /> <br />G. Brokers are not qualified to perform property inspections, surveys, engineering studies, environmental <br />assessments, or inspections to determine compliance with zoning, governmental regulations, or laws. <br />Buyer should seek experts to perform such services. Selection of experts, inspectors, and repairmen is <br />the responsibility of Buyer and not the brokers. <br /> <br />26. CONTRACT AS OFFER: The execution of this contract by the first party constitutes an offer to buy or sell <br />the Property. Unless the other party accepts the offer by 5:00 p.m., in the time zone in which the Property is <br />located, on May }A1', 2004 the offer will lapse and become null and void. <br />1/ $"6)~ ~ <br /> <br />READ THIS CONTRACT CAREFULLY. The brokers and agents make no representation or <br />recommendation as to the legal sufficiency, legal effect, or tax consequences of this document or <br />transaction. CONSULT your attorney BEFORE signing. <br /> <br />Buyer's Seller's <br />Attorney is Mark B. Taylor Attorney is <br /> <br />-fer: City of San Marcos <br /> <br />Seller: <br /> <br />;4/~ <br /> <br />...... J-~ <br /> <br />D.t~~ <br /> <br />Dan O'L ary <br /> <br />By: <br /> <br />Printed Name: <br /> <br />Printed Name: DAVID BUIE <br /> <br />Title: <br /> <br />City Manager <br /> <br />Title: OWNER <br /> <br />Buyer: <br /> <br />Seller: 5~~ ~ <br /> <br />By: <br /> <br />By: <br /> <br />Printed Name: <br /> <br />Printed Name: SHIRLEY BUIE <br /> <br />Title: <br /> <br />Title: OWNER <br /> <br />(TAR-1801) 2-6-02 <br /> <br />Page 13 of 14 <br /> <br />Produced with ZipForm'" by RE Forms Net, LLC 18025 Fifteen Mile Road, Clinton Township, Michigan 48035, (800) 383-9805 <br /> <br />T6285880.ZFX <br />