_■ --»■■•-■■■

THE STATE OF TEXAS !#&}. .13-00

COUNTY OF DALLAS

,««ITV corporation by and through Us SOUTHERN METHODIST UNIVERSITY,

fi nn the 1st day of December, 1950, tee of said University passed on the

M.ns and ^eemenU, and subject to the cona,

consideration o£ the sUpulaUons and aE

forth all of which are accepted by fe. Lessee, has

pe

t~A nr term of Nine-nine riod or term

iq9l from the date

UNIVERSITY,

paI ticularly described as

Being,

pla,

aud Three

11). "A", Sorority

o'j Tracts T»o (2)

to loan to Lesseer;: As further consideration,

r;:.,i.. for Lesse

.«» .......—■»■•••

for

U»» Ti!> s! 110.CO ot Itaaa for Whlcli Check !■ 10 b«

EXHIBIT A - 3

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estate herein created and which first vendor's lien shall extend to and cover

all improvements hereafter erected on the premises leased and pursuant

thereto; said Seventy-five Thousand and No/100 ($75,000.00) Dollar loan is

further evidenced and secured by note and deed of trust of even date herewith

executed'by Lessee to Lessor. Lessee further agrees to carry fire and

tornado insurance on said premises in such amount as may reasonably be

procurable.

It is understood and agreed that no assignment of this contract

shall be made by the Lessee without the written consent of the Lessor, except

that mortgage by way of an assignment of the leasehold estate hereby granted

may be made by the Lessee to Kappa Alpha Theta, an unincorporated associ

ation, in order to secure the payment of said sorority by way of second

lien not to exceed Twenty-six Thousand and No/100 ($26,000.00) Dollars on the

above premises, together with improvements, of any sums of money advanced

and paid by said sorority on the costs for the erection and equipping of the

above building contemplated to be constructed on said premises hereunder

but which lien shall be inferior to the superior vendor's lian reserved by the

%- Lessor herein in the above paragraph.

It is understood and agreed that these premises shall never be

USed for other than fraternity, sorority or dormitory purposes. Said pre

mises shall never be used or occupied except by students or other persons

'directly connected with the University, or employees, servants or housekeepers

interest in the care, control or upkeep of the improvements herein, and any

breach of &is agreement and any use or attempted "use of said premises for

any other purpose shall authorize the Lessor, its successors and assigns, to

immediately enter upon and repossess said premises, and all right, title and

interest herein shall immediately revert to Lessor, its successors and assigns;

and, likewise, at the expiration of said lease, the title to said premises and

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