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 $325,000.00 for the property if offered for sale within 120 days from the date of this agreement.  

Property Description: 31.577 Acres, more or less, of which 0.17 acres is situated in Porcion 56, Abstract 295, Jose Antonio Trevino, Original Grantee, and 31.407 acres is situated in Porcion 57, Abstract 424, Jose Maria de la Garza, Original Grantee, Webb County, Texas, which property is more particularly described by metes and bounds on Exhibit A attached.

I authorize the enclosed deposit of $65,000.00 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.

Name (print)__________________________________

Address _____________________________________

City, State, Zip ________________________________

Telephone No._________________________________

Date_________________________________________

Signature_____________________________________

EXHIBIT A

Being 31.577 acres of land, more or less, of which 0.17 acres is situated in Porcion 56, Abstract 295, Jose Antonio Trevino, Original Grantee, and 31.407 acres is situated in Porcion 57, Abstract 424, Jose Maria de la Garza, Original Grantee, Webb County, Texas. Said 31.577 acre tract being out of a 17,277.3 acre tract of land, about 28 miles southeast of Laredo, Texas known as the “San Antonio Ranch” and further described as Share 6 in that Partition Deed of the Bajo Division of the Bruni Lands dated April 15, 1944, recorded in Volume 178, Pages 384-397, Deed Records, Webb County, Texas. Said 31.577 acre tract being more particularly described by metes and bounds as follows, to-wit:

BEGINNING at a ½ inch diameter iron rod found by a fence corner post on the most easterly line of right-of-way of U.S. Highway 83 at it’s intersection with the occupied southeast line of the 3072.0 acre Hermanas Pasture out of said Share 6, the most southerly corner of this tract, from whence a concrete monument found at the most southerly corner of said Share 6 and the Hermansas Pasture bears S 54°22’00” W, 156.10 feet;

THENCE N 18°36’13” W, with fence and east line of right-of-way of U.S. Highway 83, at 418.35 feet a ½ inch diameter iron rod set under fence for the most westerly corner hereof;

THENCE N 54°22’01” E, at 3103.5 feet pass an overhead high voltage electrical line, and at a total distance of 3377.47 feet a ½ inch diameter iron rod set for the most northerly corner hereof;

THENCE S 35°38’04” E, at 399.99 feet a ½ inch diameter iron rod set under fence and occupied southeast line of the aforementioned Hermanas Pasture out of Share 6, the most easterly corner hereof;

THENCE S 54°22’00” W, a bearing of record and the BASIS OF BEARINGS for this survey, with fence and occupied southeast line of the Hermanas Pasture, at 513.9 feet pass the aforementioned overhead high voltage electrical line, and at a total distance of 3500.00 feet the POINT OF BEGINNING.