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Commercial Improved Earnest Money Contract concerning 26. MISCELLANEOUS: (a) Buyer should have an Abstract covering the Property examined by an attorney of Buyer's selection, or Buyer should be furnished with or obtain a Title Policy. (b) If the Property is situated in utility or other statutorily created district providing water, sewer, drainage, or flood control facilities and services, Chapter 50 of the Texas Water Code requires Seller to deliver and the Buyer to sign the statutory notice relating to the tax rate, bonded indebtedness, or standby fee of the district prior to final execution of this contract. (c) If the Property adjoins or shares a common boundary with the tidally influenced submerged lands of the state, Section 33.135 of the Texas Natural Resources Code, requires a notice regarding coastal area property to be included in the contract. Buyer should not rely upon any oral representations about the Property from any source. Seller and any broker have no knowledge of any defects in the Property other than what has been disclosed in this cant ract or other writing. (e) Brokers are not qualified to render property inspections, surveys, engineering studies, environmental assessments, or inspections to determine compliance with zoning, governmental regulations, or laws. Buyer should seek experts to render such services. Selection of inspectors and repairmen is the responsibility of the Buyer and not the Broker. 26. CONTRACT AS OFFER: The execution of this contract by the first party constitutes an offer to buy or sell the property. Unless accepted by the other party by S:OO p.m. (in the time zone'in which the Property is located) on 1>ec;..e..IM..~", 7, "qq , the offer shall lapse and be null and void. This is intended to be a legally binding contract. READ IT CAREFULLY. NO REPRESENTATION OR RECOMMENDATION IS MADE BY BROKER OR ITS AGENTS OR EMPLOYEES AS TO THE LEGAL SUFFICIENCY, LEGAL EFFECT, OR TAX CONSEQUENCES OF THIS DOCUMENT OR TRANSACTION. CONSULT YOUR ATTORNEY BEFORE SIGNING. 9.754 Acres Buyer's Attorney Mark Taylor Seller's Attorn~y_. anager Sel er AGREEM ENT BETWEEN BROKERS Li~ 9 Broker agrees to pay , Other Broker, a 1 of $ or % of the Sales Price when the Listing Broker's fee is received. Escrow Agent is authorized and directed to pay Other Broker from Listing Broker's fee at closing. This Agreement Between Brokers supersedes any prior offers and agreements for compensation between Brokers. Ci ty Of San Marcos Buyer Other Broker By: License No. None List ing Broker By: License No. Other Broker's Address Phone No. Listing Broker's Address Phone No. On this day, (b)DEarnest Money in the form of RECEIPT , Escrow Agent acknowledges receipt of: (a) 0 Contract; and Escrow Agent Address: (TAR-031) 1-1-96 By: Phone: