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<br />Commercial Unimproved Contract Concerning OLD MARTINDALE ROAD, SAN MARCLld, TX 78666 <br /> <br />C. If the Property adjoins or shares a common boundary with the tidally influenced submerged lands of the state, S33.135 of the <br />Texas Natural Resources Code requires a notice regarding coastal area property to be included as part of this contract. <br /> <br />D. If the Property is located seaward of the Gulf Intracoastal Waterway, S61.025, Texas Natural Resources Code, requires a <br />notice regarding the seaward location of the Property to be included as part of this contract. <br /> <br />E. If the Property is located outside the limits of a municipality, the Property may now or later be included in the extra-territorial <br />jurisdiction (ETJ) of a municipality and may now or later be subject to annexation by the municipality. Each municipality <br />maintains a map that depicts its boundaries and ET J. To determine if the Property is located within a municipality's ET J, Buyer <br />should contact all municipalities located in the general proximity of the Property for further information. <br /> <br />F. Brokers are not qualified to perform property inspections, surveys, engineering studies, environmental assessments, or <br />inspections to determine compliance with zoning, governmental regulations, or laws. Buyer should seek experts to perform <br />such services. Selection of inspectors and repairmen is 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 the Property. Unless <br />the other party accepts by 5:00 p.m., in the time zone in which the Property is located, on March 12. 2002 <br />the offer will lapse and become null and void. . <br /> <br />This is a legally binding contract. READ IT CAREFULLY. The brokers and agents make no representation or recommendation <br />as to the legal sufficiency, legal effect, or tax consequences of this document or transaction. CONSULT your attorney <br />BEFORE signing. <br /> <br />Buyer's <br />Attorney <br /> <br />Seller's <br />A'omey ~ <br /> <br />Uk ' <br />'--- <br /> <br />--- <br /> <br />~,j /M,~ <br />Buyer . \ <br />CITY OF S MARCOS \ <br /> <br />Seller <br />A. E. CUMMINGS INC. <br /> <br />'er <br /> <br />Seller <br /> <br />AGREEMENT BETWEEN BROKERS <br /> <br />Listing Broker agrees to pay (Other Broker) <br />a fee of $ or % of the sales price when the Listing Broker's fee is received. Escrow agent <br />is authorized and directed to pay Other Broker from Listing Broker's fee at closing. This Agreement Between Brokers supersedes any <br />prior offers and agreements for compensation between brokers. <br /> <br />By: <br /> <br />RANDALL MORRIS & ASSOC <br />listing Broker <br />0236279 <br />liCe?) No. <br /> <br />BL6<t>~< m~ <br />CARTER HN MORRIS <br /> <br />Other Broker <br /> <br />License No. <br /> <br />Other Broker's Address <br /> <br />listing Broker's Address <br />(512)-738-1460 <br />Phone <br /> <br />(512)-353-1773 <br />Fax <br /> <br />Phone <br /> <br />Fax <br /> <br />ESCROW RECEIPT <br /> <br />Escrow agent acknowledges receipt of: I / <br />J A. the contract on this day .:5 II 02- <br />l B. earnest money in the amount of $ I (), 000 <br /> <br />(effective date); <br />in the form of tJl-Ie7::J< <br /> <br />on this day <br /> <br />HA <br />Escrow <br />By: <br /> <br /> <br />Address: <br /> <br />Company <br /> <br />?IiZ -1:1.7/ <br />Phone <br /> <br />Fax <br /> <br />(TAR-1802) 11-5-99 <br /> <br />Page 9 of 9 <br />