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 $385,000.00 for the property if offered for sale within 120 days from the date of this agreement.
Property Description: Lots 1 and 2, Replat of Park Place Commercial,
Street Address: 1040
N Bryan Belt Line,
I authorize the enclosed deposit of $77,000.00 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.
City, State, Zip ________________________________
BEING a tract of land situated in the Robert Bethurum Survey, Abstract No. 170 and the M. L. Swing Survey, Abstract No. 1397, being all of Lots 1 and 2, Replat of Park Place Commercial, an addition in the City of Mesquite, Texas, according to the Plat thereof recorded in Volume 82045, Page 2327, Map Records, Dallas County, Texas, and being all of that 30 foot strip of land abandoned by the City of Mesquite in Ordinance No. 2014 and described in Quit Claim Deed recorded in Volume 84094, Page 1988, Deed Records, Dallas County, Texas and also being all of that certain tract of land conveyed to GNB Financial, N.A., f/k/a First Bank & Trust by Deed recorded in Volume 2004154, Page 6901, Deed Records, Dallas County, Texas, and being more particularly described as follows:
BEGINNING at a 5/8 inch iron rod found for corner in the East ROW line of Bryan Belt Line Road (a 100 foot ROW), said iron rod being at the Southwest corner of said Lot 1 and the Northwest corner of a tract of land conveyed to Raju Pendyala by Deed recorded in Volume 2005003, Page 162, Deed Records, Dallas County, Texas;
THENCE North 00 degrees 16 minutes 20 seconds West along the East ROW line of Bryan Belt Line Road and the West line of said Lot 1, a distance of 102.87 feet to a ½ inch iron rod found at the beginning of a curve to the right, having a central angle of 00 degrees 32 minutes 16 seconds, a radius of 1393.36 feet and a chord bearing North 00 degrees 00 minutes 10 seconds West, a distance of 13.08 feet;
THENCE Northwesterly, continuing along the East R.O.W. line of Bryan Belt Line Road and the West line of said Lot 1 and along said curve to the right, an arc distance of 13.80 feet to a ½ inch iron rod found for corner at the Northwest corner of said Lot 1 and the Southwest corner of Lot 3, Block A, Park Place Commercial, recorded in Volume 2001052, Page 115, Map Records, Dallas County, Texas;
THENCE South 89 degrees 44 minutes 16 seconds East along the North line of said Lots 1 and 2 and along the South line of said Lot 3, Block A, a distance of 302.41 feet to a ½ inch iron rod found for corner in the Northwest R.O.W. line of North Bryan Avenue (60 foot ROW), said iron rod also being at the Northeast corner of said Lot 2 and the Southeast corner of said Lot 3, Block A;
THENCE South 23 degrees 05 minutes 07 seconds West along the Northwest ROW line of North Bryan Avenue and the Southeast line of said Lot 2, a distance of 120.70 feet to a cross found for corner at the Northwest corner of said abandoned 30 foot strip of land;
THENCE South 66 degrees 54 minutes 53 seconds East, a distance of 30.00 feet to a PK nail found for corner;
THENCE South 23 degrees 05 minutes 07 seconds West, along the East line of said 30 foot strip, a distance of 103.00 feet to a 5/8 inch iron rod found with yellow cap for corner at the Northeast corner of said Pendyala tract;
THENCE North 66 degrees 55 minutes 52 seconds West, along the South line of said Lots 1 and 2 and along the North line of said Pendyala tract, a distance of 262.82 feet to the PLACE OF BEGINNING and containing 1.0713 acres of land, more or less.