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HomeMy WebLinkAboutTruehardt City Garage Contract 02.28.1949Parties Properties Terms Title Closing Taxes Special Conditions OWEN W. SHERRILL AGENCY STANDARD SALE CONTRACT (Member Austin Real Estate Hoard) -� THE STATE `OF TEXAS, • BY THIS AGREEMENT 'AND CONTRACT,, COUNTY OF WIJJJ Msen 'pus Cbr ieti,* Texas , hereinafter called Seller, acting through the undersigned and duly authorized Agent, OWEN W. SHERRILL AGENCY hereby sells and agrees to eonvey (or cause to be conveyed) unto i,. Nr leer 2reuhardbp Ceorgetoam o Texas , hereinafter called Purchaser,,. and said Purchaser hereby agrees to buy and to pay for the following described property: Lying and situated in the County of ,: ; NLUi"S&np , - State of Texas, ooasisting of 6e].ler In onawhalf Interest In the City Garage building* 80 x 60 Toebp including Ono air eolsApreasore The purchase price is $ 5 z. 4_0 -• • , payable as follows: $ 25 2 49 -A . -O (of which Purchaser has deposited with the undersigned Agent $ as part payment, receipt of which is hereby acknowledged by said Agent); This contract being based an financing through Reconstruction Finanoe Corporation or otherwiso* however* should fimmoing not be approved* then this contract booasi es null and voidp and wore' refunded bo &tyare, , a Ype The said executed note or notes herein described to be secured by Vendor's Lien -and Deed of Trust ; with power of sale and with the usual covenants as to taxes, insurance and default.`} Seller agrees to furnish Abstractoerbifiad to date to said Oroperty,,which-- , shall be conveyed free and clear of any and all encumbrances except those named herein. If abstract be furnished, Purchaser agrees, within ten days from the receipt of said abstract, either to accept the title as shown by said abstract or to return it to the undersigned Agent, with the written objections to the title. If said abstract is not returned to the Agent with the written objections noted within the time specified, it shall be construed as an acceptance of said title. If title policy be furnished, Purchaser agrees, within ten days from date title company approves the title, to consummate the sale. Restrictions or conditions imposed in any addition or subdivision of which this property is a part or any existing party wall agreements shall not be recited as objections to the title. - If any title objection are made, then the Seller or the Agent shall have reasonable time to cure said objections or snow good and marketable title. In the event of failure to furnish good and marketable title, the cash deposit hereby receipted is to be returned to Purchaser upon the cancellation and return of this contract; or, Purchaser may enforce specific performance of same. Seller agrees, when title defects (if any) have been cured, to deliver a good and sufficient General Warranty Deed properly conveying said property to said Purchaser, and Purchaser agrees, when said deed is presented, to pay the balance of the cash payment and execute the note or notes and Deed of Trust herein provided for. Should the Purchaser fail to consummate this contract as specified for any rea- son, except title defects, Seller shall have the right to retain said cash deposit as liquidated damages for the breach of this contract, and shall pay to Agent therefrom °k commission; or, Seller may enforce specific performance of this contract. �..y Seller agrees to pay said Agent ` `' Texas. 1% commission, said commission payable at Taxes for the current year, and current rents, insurance, and interest (if any) are to be prorated to dais of closing. With eemema eonsamnabion of loaae Possession Mitfi close of deal@ an or before May ibth# U490 Executed in triplicate this >e S This contract su 'ect to the acceptance of Seller Accepted: ' .....................»..Seller .... ............ Walter TreuhardPurchaser ti day of ie Febrtsry 49 +s somal * Eserew� By................. ... ` ...�.....� ....... liiJC ................. 8 I, Agentfor.......... l ....................................... THE STATE OF TEXAS BEFORE ME, " COUNTY OF v'�'� "�'� �` a Notary Public in and for i24-�u��.�6 unty, Texas, on this day personally appeared kn'T to me to be the person whose named subscribed to the foregoing instrument, and acknowledged to me that executed the same for the purposes and consideration therein expressed, andAhs s"d r huahand, an ' acknowledged such instrument to be her act and deed, and she declared that she had willingly signed the same for the purposes and consideration therein expressed, and that she did not wish to retriAct it. J GIVEN UNDER MY HAND AND SEAL OF OFFICE this �iv%' d of A.D. 19 �� j' (L.S.) /..--..... No Public in and for County,Texas. L ?14 11OW-6% vvin tub% .i" Tow CORPORATION ACKNOWLEDGMENT THE STATE OF Tax&$ COUNTY OF 1yS11LaaEs�OR BEFORE ME, the undersigned, a Notary Public in and for said County and State, on this day personally appeared Walter Trathardt known to me to be the person and officer whose name is subscribed to the foregoing instrument and acknowledged to me that awe was the act of the said t he executed the sante for the purposes and consideration therein expressed, a GIVEN UNDER MY HAND AND SEAL OF OFFICE this u day of 'A,ru A.D. 1949 Notary Public in and for �.jljaZWOb �ou�ity, E i LLJ N i O i i E Ui H Q O