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<br />~~ <br /> <br />TEXAS ASSOCIATION OF REAL TORS® <br />COMMERCIAL CONTRACT ..IMPROVED PROPERTY <br /> <br />176. <br /> <br />USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REAL TORS® IS NOT AUTHORIZED. <br />©Texas Association of REAL TORS@~ Inc. 2002 <br /> <br />1. PARTIES: Seller agrees to sell and convey to Buyer the Property described in Paragraph 2~ Buyer agrees to <br />buy the Property from Seller for the sales price stated in Paragraph 3. The parties to this contract are: <br /> <br />Seller:David Buie and Shirley Buie <br />Address: 1128 W. San Antonio St, San Marcos, Tx <br />Phone: (512) 353-7752 <br /> <br />78666 <br />Fax: <br /> <br />Buyer: City of San Marcos <br />Address: 630 East Hopkins Street, San Marcos, Tx 78666 <br />Phone: (512) 393-8090 Fax: <br /> <br />2. PROPERTY: <br /> <br />Ä. IFProperty" means that real property situated in Havs County, Texas <br />at 1402 West Hopkins Street (address) <br />and that is legally described on the attached Exhibit or as follows: <br />LOT 3-A CARROLL & HOFHEINZ ADDITION, CITY OF SAN MARCOS! HAYS COUNTY TEXA <br />LAND AND IMPROVEMENTS <br /> <br />B. Seller will sell and convey the Property together with: <br />(1) all buildings, improvements, and fixtures; <br />(2) all rights, privilegesi and appurtenances pertaining to the Property, including Seller's right, title, and <br />interest in any minerals, utilities, adjacent streets, alleys, strips~ gores, and rights-af-way; <br />(3) Sellerls interest in allleasest rents, and security deposits for all or part of the Property; <br />(4) Seller's interest in all licenses and permits related to the Property; <br />(5) Seller's interest in all third party warra nties or guaranties, if transferable, relati ng to the Property or <br />any fixtures; <br />(6) Sellerls interest in any trade names, if transferable, used in connection with the Property; and <br />(7) all Seller's tangible personal property located on the Property that is used in connection with the <br />Property's operations except: <br /> <br />(Describe any exceptions, reservations, or restrictions in Paragraph 11 or an addendum~) <br />(If the Property is a condominium§ attach condominium addendum) <br /> <br />3. SALES PRICE: At or before closing, Buyer will pay the following sales price for the Property: <br /> <br />A. Cash portion payable by Buyer at closing . . . . . . . ~ . A . . . . . ~ . · ~ · · · · ~ . . . . . . . $ <br /> <br />282,000.00 <br /> <br />8 ~ Sum of a II fi n an ci n 9 des cri bed in Para 9 ra P h 4 . . . . . . · · · · · · · · · . ~ . . . ~ ~ · ~ · · · $ <br />c. S a I es p ri ce (s u m of 3A and 3 B). A . . . . . . . . ~ ~ . . . . ~ · · · · · · · ~ ~ ~ ~ . . . . . · ~ · · · · $ <br /> <br />282,000.00 <br /> <br />(TAR-1801) 2-6-02 <br /> <br />Skiles & Associates Rea1 Estate, Inc. 100 N. Edward Gary, Suite A, San Marcos TX 78666 <br />Phone: (512) 353~3232 Fax: (512) 353-2916 Skiles & Associates Rca] Estat <br />Produced wUh ZipFormTIo! by RE FormsNet.llC 18025 Fifteen Mile Roadþ Ctinton Township. Michigan 46035. (BOO) 363-9805 <br /> <br />Initialed for Identification by Buyer $-, _ Selle~, 2Jl <br /> <br />Page 1 of 14 <br /> <br />T6285880.ZFX <br />