Simplify the following text for a Grade 6 native English-speaking person.
Original: The event was created in 1998 , with its inaugural event produced as an In Your House event in February of that year .
Simplified: The event is usually produced in February and is typically the last pay-per-view before WrestleMania . The first No Way Out event was in 1998 as an In Your House event , called No Way Out of Texas : In Your House .