EXHIBIT 10.6
REUNION GF# 101000567
SPECIAL WARRANTY DEED WITH XXXXXX'S LIEN
Date: February 14, 2003
Grantor: ONE STEMMONS LAND LIMITED PARTNERSHIP, a Texas limited
partnership and
TWO STEMMONS LAND LIMITED PARTNERSHIP, a Texas limited
partnership
Grantor's Mailing Address:
One Stemmons Land Limited Partnership and Two Stemmons Land
Limited Partnership
0000 Xxxxxx Xxxxx, Xxxxx 000
Xxxxxx, Xxxxx 00000
Xxxxxx Xxxxxx
Grantee: MILLION DOLLAR SALOON, INC., a Nevada corporation
Xxxxxxx's Mailing Address:
Million Dollar Saloon, Inc.
0000 Xxxxxxxxxx Xxxxxx
Xxxxxx, Xxxxx 00000
Xxxxxx Xxxxxx
Consideration:
Xxxx and a note of even date executed by Xxxxxxx and payable to the
order of Grantor in the principal amount of TWO MILLION ONE HUNDRED
FIFTY SIX THOUSAND SEVEN HUNDRED THIRTEEN AND 50/100 DOLLARS
($2,156,713.50). The note is secured by a first and superior vendor's
lien and superior title retained in this deed and by a first-lien deed
of trust of even date from Grantee to Xxxxx X. Xxxx, trustee.
Property (including any improvements):
See Exhibit "A" attached hereto and incorporated herein for all
purposes.
Reservations from Conveyance:
Grantor hereby reserves from the conveyance of the Property for itself
and its successors, assigns, employees, officers, agents, and contractors, an
easement and license to enter upon and use such portions of the Property as is
necessary to relocate the billboard sign located on the Property and any related
facilities to another area on the Property. Such easement and license shall be
perpetual and shall run with the land.
Exceptions to Conveyance and Warranty:
Liens described as part of the Consideration and any other liens
described in this deed as being either assumed or subject to which title is
taken; validly existing easements, rights-of-way, and prescriptive rights,
whether of record or not; all presently recorded and validly existing
instruments, other than conveyances of the surface fee estate, that affect the
Property; and taxes for 2003, which Xxxxxxx assumes and agrees to pay, but not
subsequent assessments for that and prior years due to change in land usage,
ownership, or both, the payment of which Grantor assumes.
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Grantor, for the Consideration and subject to the Reservations from
Conveyance and the Exceptions to Conveyance and Warranty, grants, sells, and
conveys to Grantee the Property, together with all and singular the rights and
appurtenances thereto in any way belonging, to have and to hold it to Grantee
and Xxxxxxx's heirs, successors, and assigns forever. Grantor binds Grantor and
Xxxxxxx's heirs and successors to warrant and forever defend all and singular
the Property to Xxxxxxx and Xxxxxxx's heirs, successors, and assigns against
every person whomsoever lawfully claiming or to claim the same or any part
thereof when the claim is by, through, or under Grantor but not otherwise,
except as to the Reservations from Conveyance and the Exceptions to Conveyance
and Xxxxxxxx.
As a material part of the Consideration for this deed, Grantor and
Xxxxxxx agree that Xxxxxxx is taking the Property "AS IS" with any and all
latent and patent defects and that there is no warranty by Grantor that the
Property has a particular financial value or is fit for a particular purpose.
Grantee acknowledges and stipulates that Grantee is not relying on any
representation, statement, or other assertion with respect to the Property
condition buy is relying on Xxxxxxx's examination of the Property. Grantee takes
the Property with the express understanding and stipulation that there are no
express or implied warranties.
The vendor's lien against and superior title to the Property are
retained until each note described is fully paid according to its terms, at
which time this deed will become absolute.
When the context requires, singular nouns and pronouns include the
plural.
ONE STEMMONS LAND LIMITED TWO STEMMONS LAND LIMITED
PARTNERSHIP, a Texas limited partnership PARTNERSHIP, a Texas limited partnership
By: Stemmons Manana Corporation, By: Stemmons Manana Corporation,
a Texas corporation, its general partner a Texas corporation, its general partner
BY:____________________________________________ BY:____________________________________________
Xxxx Xxxxxxx, Vice President Xxxx Xxxxxxx, Vice President
STATE OF TEXAS )
COUNTY OF DALLAS )
This instrument was acknowledged before me on , 2003, by Xxxx Xxxxxxx,
Vice President of Stemmons Manana Corporation, a Texas corporation, general
partner of One Stemmons Land Limited Partnership, a Texas limited partnership,
on behalf of said partnership.
_____________________________
Notary Public, State of Texas
STATE OF TEXAS )
COUNTY OF DALLAS )
This instrument was acknowledged before me on , 2003, by Xxxx Xxxxxxx,
Vice President of Stemmons Manana Corporation, a Texas corporation, general
partner of Two Stemmons Land Limited Partnership, a Texas limited partnership,
on behalf of said partnership.
_____________________________
Notary Public, State of Texas
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PREPARED IN THE OFFICE OF: AFTER RECORDING RETURN TO:
Xxxx & Xxxx, L.L.P. Reunion Title
0000 Xxxxxxxxx Xxxxxxx 0000 Xxxxxx Xxxx, Xxxxx 000
Xxxxxxx, Xxxxx 00000 Xxxxxx, Xxxxx 00000
Tel: (000) 000-0000
Fax: (000) 000-0000
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EXHIBIT "A"
BEING a lot, tract or parcel of land situated in the XXXX X. XXXX SURVEY,
ABSTRACT NO. 588, Dallas County, Texas and being a part of that same tract of
land conveyed to ONE STEMMONS LAND LIMITED PARTNERSHIP, a Texas limited
partnership, recorded in Volume 96137, Page 829 of the Deed Records of Dallas
County, Texas, and being a strip of land approximately 37.5 feet by 582 feet of
TWO STEMMONS LAND LIMITED PARTNERSHIP recorded in Volume 96137, Page 838, Deed
Records of Dallas County, Texas and being more particularly described by metes
and bounds as follows:
BEGINNING at a point for corner in the center line of a 75 foot Drainage
Easement recorded in Volume 67009, Page 979, Deed Records, Dallas County, Texas,
said corner also lying in the East line of Goodnight Lane (50.0 foot
right-of-way), recorded in Volume 2002058, Page 00187 of the Plat Records of
Dallas County, Texas;
THENCE North, along the East line of said Goodnight Lane, passing a 5/8 inch
iron rod set for witness in the North line of said Drainage Easement and being
in the North line of said Two Stemmons tract and in the South line of said One
Stemmons tract, and continuing in all a distance of 516.79 feet to a 5/8 inch
iron rod set in the East line of said Goodnight Lane;
THENCE North 89 degrees 59 minutes 48 seconds East, and passing at a distance
approximately of 99.66 feet the Southwest corner of Lot 2, Block 1/6509 of
Centennial-Walnut Hill Addition, an Addition to the City of Dallas, Dallas
County, according to the Map or Plat recorded in Volume 97215, Page 6253 of the
Plat Records of Dallas County, Texas, and continuing for a total distance of
562.22 feet to a 1/2 inch iron rod found at the Southeast corner of said Lot 2,
said corner also lying in the West line of IH 35E (Stemmons Freeway) (variable
width right-of-way);
THENCE South 00 degrees 59 minutes 23 seconds East, along the West line of said
IH 35E, a distance of 350.17 feet to a concrete monument found;
THENCE South 04 degrees 55 minutes 39 seconds East, along the West line of said
IH 35E, passing at a distance of 118.98 feet a 5/8 inch iron rod set for witness
at the Northeast corner of Two Stemmons tract and at the Southeast corner of
said One Stemmons tract and in the North line of said Drainage Easement and
continuing in all a distance of 159.74 feet to a point for corner in the center
of said Drainage Easement;
THENCE South 89 degrees 15 minutes 23 seconds West, along the center line of
said Drainage Easement, a distance of 582.04 feet to the POINT OF BEGINNING, and
CONTAINING 291,624.40 square feet or 6.695 acres of land.
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