TX Deed-Warranty (With Vendor's Lien) 1

THE STATE OF TEXAS)

) KNOW ALL MEN BY THESE PRESENTS:

COUNTY OF)

THAT THE UNDERSIGNED,

, hereinafter referred to as "Grantor", whether one or more, for in consideration of the sum of TEN DOLLARS ($10.00) and other good and valuable consideration in hand paid by the Grantee herein named, the receipt of which is hereby fully acknowledged, and the further consideration of the execution and delivery by the Grantee of that one certain promissory note of even date herewith in the principal sum of $ , payable to the order of , as therein specified, providing for acceleration of maturity and for attorney's fees, the payment of which note is secured by the vendor's lien herein retained, and is additionally secured by a deed of trust of even date herewith to , TRUSTEE, has GRANTED, SOLD and CONVEYED, and by these presents does GRANT, SELL and CONVEY unto

, herein referred to as "Grantee", whether one or more, the real property described on attached Exhibit "A".

This conveyance, however, is made and accepted subject to any and all restrictions, encumbrances, easements, covenants and conditions, if any, relating to the hereinabove described property as the same are filed for record in the County Clerk's Office of

County, Texas.

TO HAVE AND TO HOLD the above described premises, together with all and singular the rights and appurtenances thereto in anywise belonging unto the said Grantee, Grantee's heirs, executors, administrators, successors and/or assigns forever; and Grantor does hereby bind Grantor, Grantor's heirs, executors, administrators, successors and/or assigns to WARRANT AND FOREVER DEFEND all and singular the said premises unto the said Grantee, Grantee's heirs, executors, administrators, successors and/or assigns, against every person whomsoever claming or to claim the same or any part thereof.

But it is expressly agreed that the Vendor's Lien, as well as Superior Title in and to the above described premises, is retained against the above described property, premises and improvements until the above described note and all interest thereon are fully paid according to the face, tenor, effect and reading thereof, when this Deed shall become absolute. THAT ("Lender"), at the instance and request of the Grantee herein, having advanced and paid in cash to the Grantor herein that portion of the purchase price of the herein described property as is evidenced by the hereinabove described Note, the Vendor's Lien, together with the Superior Title to said property, is retained herein for the benefit of said Lender and the same are hereby TRANSFERRED AND ASSIGNED to said Lender, its successors and assigns.

Current ad valorem taxes on said property having been prorated, the payment thereof is assumed by Grantee.

EXECUTED this day of , 20 .

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Grantee's Address:

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THE STATE OF TEXAS)

)

COUNTY OF)

The foregoing instrument was acknowledged before me on the day of

, 20 , by

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NOTARY PUBLIC, STATE OF TEXAS

PRINTED NAME OF NOTARY

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MY COMMISSION EXPIRES:

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THE STATE OF TEXAS)

)

COUNTY OF)

This instrument was acknowledged before me on , 20 , by a Texas corporation, on behalf of said corporation.

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NOTARY PUBLIC, STATE OF TEXAS

PRINTED NAME OF NOTARY

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MY COMMISSION EXPIRES:

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