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Home My WebLink AboutResolution - 030961H - Contract Of Sale - E.R. Mccune - Suburban Homes Addition - 03_09_1961 JWF wg. U� cv a kc f r-�c v,-t RESOLUTION BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock is hereby authorized and directed to execute for and on behalf of said City a Contract of Sale to be entered into by and between said City as seller, and E. R. McCune as purchaser, covering the following described property: A part of Block 6, Suburban Homes Addition to the City of Lubbock, Lubbock County, Texas, more particularly de- scribed by metes and bounds as follows: BEGINNING at a point 200 feet North and 10 feet East of the Southwest corner of said Block 6; THENCE North 80 feet; THENCE East 172.5 feet; THENCE South 80 feet; THENCE West 172.5 feet to the POINT OF BEGINNING. SAVE AND EXCEPT an alley dedication as recorded in Yolume 439, Page 424, Lubbock County Deed Records, Lubbock County, Texas. Purchase price bf said property is $3350.00. Passed by the City Commission this 9th day.of March 1961. � Al Wyl ArDILG7 -As y, Mayo ---- AT TE f�orm(Approv' La nia ity Secretary-Treasurer �a t tttornly e-'`Lavenia Lowe, City Secretary-Treasurer, City of Lubbock, 'Texas hereby ,.ertify that the above and foregoing is a true and correct copy of Resduti= authorizing the Knot to effeeUt by ngA bstweea the CUF an metier. 1-U-M-Aser. 'Passed by the City Commission on the 9th da;-of'much 196, " ifiirt"if;` ord In _ `i4�trte--8®ok �O�age 5Z , idR rds::.of the City Commission of the City of Lubbock, Texas THIS 18tb DAY OF i Laves a L e, City Se etary4Treasurer City of Lubbock, Texas C-110—STANDARD BALE CONTRACT Martin Stationery Co.,Dallm,Texas THE STATE OF TEXAS, BY THIS AGREEMENT AND dbNTRACT, couNTY or LUBBOCK Parties City of Lubbock, Texas, a homerttle tn%nicipality hereinafter eaued Seller, acting through the undersigned and duly-authorized Agent, hereby sells and agrees to.convey unto E, R. McCune ,hereinafter called Purchaser, the following.described property: Lying and situated in the City of.Lubbock. Lubbock County. Texas;.tow t: A past of.B'lock 6. Sitbuyrban Homes Addition to the City of Lubbock..Lubbock County,'Uxas, xxiore particularly described:by metes and bounds.as'followsi Properties EEMgNING at a point ZOO feet North and•10 feet East of theSouthwest corner of said block 61 THENCE Nor#h S0 jteeti TUkXCE East 172.5.,fettt ..THENCE South�66 ieeix j c TINGE west 272r5#set to_tba POINT.OF BEGINNING... GAVE AND EXCEPT an alley dedication as,recordeid in Volume 43q, Pa 4 ge4 Ltslibock Conn#y 1 c I ;Seed Records �L1tti��yyo k. tyy T+eaais. i the purchase prTce7s 3 $. 'Q ,Payable ad'iollows: 93'7.5Q Cash (of which.Purcheal es has deposited with they undersigned Spa,seller i $837'50 as part payment,receipt of which Is hereby aclmowledged by said itseni:ht.seller;): Pure6ga r 6llall have the option of paging the rtma"aing balance on the purchase price'of$ZS42,50 on delivery of deed or I.n-the Uternative Purchesar--. elhall execute'a yetidor'tt lien'note in favor of the City Of Lubbock,';secured by Terms Purchaser It'Deed a-f Trtstst,.-pa d'Vendome lien, note to be tor,a period of.tftrte' tor:payment not exceeding five dears and to be in the principal amount of Zril ,50 to bear intereist at 0W rate of 6% per annurn ...The said executed notes to be'secured'by'Vendor's Lien and Deed of Trust with.power of We and with the usual covenants'"to taxes,insurance, snd, default: Seller agrees to furnish an abstract of title to said property: which @hall be conveyed free and clear of any.and all encumbrances except those named herein. ' -In accordance with the terms of the Real Estate License Act of the State of Texas;.you,as pur- chaser,are advised that you should have the abstract covering the real estate which is the subject of this contract examined by an attorney,of your own selection,or that you should be furnished with or obtain a policy of title insurance.' If abstract Is furnished, Purchaser agrees, within ten days from the receipt of said abstract Title 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 is fur- nished,Purchaser agrees to consummate the sale within ten days from date title company approves title. If any title objections are made,then the Seller or his Agent shall have a reasonable time to cure ' i- said objections and show good and marketable title. In the event of failure to furnish good and market- able title,the purchase money hereby receipted for into be returned to Purchaser upon the cancellation and return of this contract,or Purchaser may enforce specific performance of same. Seller agrees when the title objections have been cured,to deliver a good and sufficient General Warranty Deed properly conveying said property to said Purchaser, and Purchaser agrees, when said Closing deed is presented,to ay the balance of the cash payment execute the note and Deed of Trust g herein provided for. Should the Purchaser fail to consummate this contract as specified for any reason, except title defects, Seller shall have the right to retain said cash deposits as liquidated damages for the breach of this contract' or Seller may enforce specific performance o con ac rl,$%eS Taxes for the current year,and current rents,insurance,and interest,(if any) are.to be prorated. to date:of closing: _ ___�... tL 7,. T. .ili, i 2.. N f': ..:1:) ,01.. 1' Special I r"'lditions F i> i 1 1 i ......'... ....... ...... .. ... • _. ........... .Eze2utadfa triplicate.this,:.--•--9th.day.oi ..,.....March-.. ........ ........ ......... ..:.: TAhicae.petoeatract.snbjectto_theaeceptaace.otseller ;+ tTiY,Ql~' I.UBDQCH c: con_ :.xAT ' ........... . reasurer Sauer. Mayor s . t MCCU a PFebaser. Aged for • r. .vJ• "•,Y"F$ ....;,:7L,J'_ .a COL "' -' - ,- ._._._�.. JOINT ACKNOWLEDGMENT --.-------.-..- THE STATE OF TE COUNTY OF.... .......,..-_.........._....._...........__. BEFORE ME,the undersigned,a Notary Public, : ,1<<.;l; ,_�and for.said County,.Texm,on this day personally appeared __.._........_ _... .L .. > ,a.. ..................................................... *-•- his wife,both known to me to be the persons whose names are subscribed to the foregoing instrument,and acknowledged to me that they each executed the same for the purposes and consideration therein expressed, and the said......:................. ..........................................................wife of the said.........................................................................................having been �jtA ;'eximined by me privily and apart from her husband,and having the same fully explained to her,she,the said............... ....... _..------------------------------------------------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 retract it. 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