Agreement to Bid

I, the undersigned, in consideration of the United States Government offering for public sale the property described below, agree to bid at least the amount of $189,000.00 for the property if offered for sale within 120 days from the date of this agreement.  

Property Description: See Exhibit A attached

Street Address: 150 W College, Lewisville, Texas 75057

I authorize the enclosed deposit of $37,800.00 to be applied against the sale price if I am the successful bidder.

I further understand and agree that if I do not bid at least the amount specified in this agreement to bid and the property is not sold within the time specified above for at least such amount, my deposit will be retained pending final determination of the damages sustained by the Government because of the default.  If damages exceed the amount of the deposit, I will be liable for the excess damages.

I understand that the Government reserves the right to reject any and all bids, and to withdraw the property from sale.

Name (print)__________________________________

Address _____________________________________

City, State, Zip ________________________________

Telephone No._________________________________

Date_________________________________________

Signature_____________________________________

EXHIBIT A

BEING ALL THAT CERTAIN lot, tract or parcel of land lying and being situated in the Town of Lewisville, County of Denton, State of Texas, and being on the South side of College Avenue and being part of the John W. King 320 Acre Survey, Abstract No. 696, and being further described as follows:

BEGINNING on the South side of College Avenue 110 feet East of the intersection of College Avenue, and Charles Street, same being the North East corner of a lot deeded to Dilla and Lee Baggett, by deed dated April 3, 1922, and shown of record in Volume 177, Page 460, Denton County, Texas Deed Records;

THENCE East along the South side of College Avenue 103 feet to stake for corner; being the West side of Parsonage Lot;

THENCE South 200 feet to stake for corner;

THENCE West 103 feet to stake for corner;

THENCE North 200 feet to the place of beginning and being a part of the same land deeded to Mary E. Moore by Nannie B. Milliken, et al, as shown by deed dated April 8, 1913, and of record in Volume 129, Page 123, Deed Records, Denton County, Texas; also known as a part of Lot 3, in Block E, of Original Town of Lewisville, an addition to the City of Lewisville, Denton County, Texas, according to the Map or Plat thereof recorded in Volume 75, Page 160, Deed Records, Denton County, Texas.