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STATE OF TEXAS, )
( BY THIS AGREEME.'IT A'�D CONTRACT,
COUNTY OF iILLILYSON. )
Belford Lumber Company, Inc., hereinafter called Seller, hereby sells
and agrees to convey unto the City of Georgetown, Texas, hereinafter called
Purchaser, the following described propertys
Lying and being situated in the City of Georgetown, Texas, and
described as follows:
All of Block No, 36; the East One -Half of Block 43; Lots No. 8 and
1 in Block No. 42, the East 100 feet of Lot No. 2, and all of Lot No. 3
owned by the Belford Lumber Company, Inc., all in Block No, 42.
The purchase price is $22,500.00, payable as follows:
422,500.00 Cash (of which the Purchaser has deposited with ii.,S. Lott
41,000.00, as part payment , the 41,000.00 being deposited with V�. S. Lott
as Escrow Agent).
Seller agrees to furnish a complete abstract to said property, showing
good marketable title to said property, which shall be c6n0eyed free and clear
of any and all encumbrances, except those named herein.
If abstract is furnished, purchaser agrees within 30 days from the
receipt of said abstract either to accept the title as shown by said abstract
or to return it to the Belford Lumber Company, Inc.,with written objections
to the title. If the abstract is not returned to the belford Lumber Company,
Inc., with the written objections noted within the time specified, it shall be
construed as acceptance of said title.
If any title objections are made, then the seller shall have a reasonable
time to cure said objections and show good and marketable title. In the
event of failure to show good and marketable title, the purchase money hereby
receipted for and held by W. S. Lott as Escrow ACent is to be returned to the
purchaser upon the cancellation and return of this contract, or purchaser
may enforce specific performance of the same.
Seller agrees when the title objections have been cured, to deliver a
a good and sufficient general warranty deed properly conveying said property
to said purchaser, and the purchaser agrees, when said deed is presented ,
to pay the balance of the cash payment herein provided fore Should the
purchaser fail to consummate this contract as specified for any reason except