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HomeMy WebLinkAboutResolution - 062763W - Warranty Deed - J.W. Wright - Suburban Homes Addition - 06/27/1963�{ FOS:djl RESOLUTION I%mes �I BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK: (j I�THAT the Mayor of the City of Lubbock be and is hereby authorized and directed to execute for and on behalf of the City of Lubbock a Warranty Deed to J. W. Wright conveying the land described in the attached conveyance which shall -be spread upon the minutes of the Commission and as spread upon the minutes of this Commission shall constitute and be a part of this resolution as if fully copied herein in detail. Passed by the City Commission this 27th day of June , 1963. JA K F, S RO G, Mayor ATTEST: 0 A° ed .City Attorney L , enia Lowe, ty Secretary -Treasurer THE STATE: OF TEXAS I KNOW ALL MEN BY THESE PRESENTS: COUNTY OF LUBBOCK I THAT the City of Lubbock# a Home Mule Municipal Corporation, of the County of Lubbock, State of Texas, acting by and through its Mayor, heretofore duly authorized for and in consideration of the sum of SIX HUNDRED TWENTY- FIVE ,AND lett I V0 DOLLARS ($625.00) cash to it in hand paid by J. W Wright, of Lubbock County, Texas, the receipt of which is hereby acknowledged, and the further sum of ONE THOUSAND EIGHT HUNDRED SEVENTY FIVE AND NO/too ($1, 875.00) DOLLARS secured to be paid and evidenced by grantee's promissory vendor's lien note, of even date herewith, which note is further described as follows: An Installment Vendor's Lien Tote in the amount of $1,8750 00,, dated July� , 19680 payable to the City of Lubbock, Texas in three (3) annual installments of $625.00 each, together with interest of six (6) per cent per annum; with the first payment being due on July 19640 and an equal amount being payable on July..-, of each year thereafter until the principal and interest is paid in full; said Vender's Lien Note being further secured by a Deed of Trust given to Bill J. McGinnis, Trustee, for the benefit of the City of Lubbock. Have granted, sold and conveyed, and by these presents do grant, sell and convey unto the said grantee, J. W. Wright, of Lubbock County, Texas, all that certain parcel of lend; All of Lot 8, Block 6, Suburban Domes ,Addition to the City of Lubbock, Lubbock +County, Texas. TO HAVE AND TO HOLD the above described property and premises, to- gether with all and singular the rights and appurtenances thereto in anywise belonging, unto the said grantee, his heirs and assigns forever; and I do hereby bind the City of Lubbock and its successors to warrant and forever defend all and singular said premises unto the said grantee, his heirs and assigns, against every person whomsoever lawfully claiming or to claim the same or any part thereof. But it is expressly stipulated and agreed that a vendor's lien and the superior title are retained against the above described property and premises until said note is fully and finally paid according to its face and tenor, effect and reading, when this deed shall become absolute. Witness my hand this day, of 1963. CITY OF LUBBOCK BY: JACK F. STRONG, Mayor AT'T'EST: Lavenia Lowe, City Secretary -Treasurer THE STATE OF TEXAS COUNTY OF LUBBOCK I BEFORE ME, the undersigned authority, a Notary Public in and for said County, 'Texas, on this day personally appeared Jack F. Strong, known to me to be the person whose name is subscribed to the foregoing instrument and acknow- ledged to me that he executed the ,same as the act and deed of the CITY OF LUBBOCK and as MAYOR, for the purposes and consideration therein expressed, and in the capacity therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this day of 1963. (SEAL) Notary Public, Lubbock County, Texas