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<br />02-09-2004
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<br />PR,OMUL.GAlCD tlV TH! TeXAS R~AL ~STAT! C~M:..nSStON (TRee)
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<br />TH!RD PARTY PlNANCING CONDI~IqN ADDENDUM
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<br />TO CONTRACT CONCERNING THE pitOPE~TY AT
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<br />330M. S~h s~%eet~ ~a Pc~~~, II~a.
<br />" (StrMt AGclrus !lnd elM' :
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<br />Buyer S1'161l ~pply promptJ)I for all ftnanc:lng d~erlbed below and mike every reasonable effort to
<br />ootaln nnanc;;lng approvilJ '1I"Idualng but /'lot limIted to furnishing all information and doaJments
<br />required by lel'\~er tor approval. Flnanc:lng approval will be deemed to nave be~n obtlln'd when
<br />the lender datermln1il5 tha~ Bwer has letJafied all of lender's tlnllnt:hll rtlC/ulr-ements (those Items
<br />ntJi!ltlng to Buyer's 'liI.et:s,lnl:om~ and credit history). If Suyer, cannot o~taln financing ilIPproval,
<br />euver must gfve wrItten notlc;;e to S~lIer within _ day. a~el":,t~e _ffeCtlve aat. of thli contr'lld;
<br />and thIs contract will termln.tlJ ~nd the eirneet mon~ will be refunded to Buyer. If Buyer ctoe.
<br />not give .uch notice within the tlrn. aUowecl, thl. c:antl1lcr wll' no longer b. ....bject to
<br />Buyer being appraved. fOr the financing dacrllMd _law, ..or p...rpo.. of this
<br />CMnlg...P~ time.. of the ....en~; strict compliance ,with the tI...... 'or perfD.....nce
<br />tI.....in RattKIls reaulred.
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<br />each no~ must b~ .leL/red by vendo~i and t:lt!led of trust liens,
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<br />i!1 A.. CpNVEN'110NAL. FINANCING: , i ""'0 5
<br />l!f (1) A f1l11t mortgage loan I., th. pl'lndpal 4mount or $ " ..1, co (exc:ludlng
<br />any flnangJdPMJ premium), clue In fulf In~ ~ L __yeer(&), w:th Interqt not to
<br />exceed -=.l.........- '*' per annum fer the first _ -L ?elr(') of the loan with Leal"! Fees
<br />(104,tl o"9Ina~10l1~ dl,cDunt,' buy~down, and Fowmltment fee,) not to eXe8ed
<br />-/ :>.- % of the lOll". . "
<br />lJ:I (2) A second mortgage loin In the principal amounfof$ Z.J,OOO (excluding
<br />any !'InAnced PMl.. preml~m)r d~ In full In -E1 ~ W ,year(I)$ with Interest not tel
<br />exceed ~ % per ann",m for tne first ~ _ " _yel!llr(s) or the r~n with Loan
<br />Fees (Io.~ :.ortgroatlon, dl~ou"t, bUY-down.,. and commrtment fees) not to
<br />exceed IJt A '. % Of the l<NIn. !
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<br />aft teXAS vmRANS' HOUSING ASSISTANce PROGRAM, LOAN: A Texas Veteran'~ HousIng
<br />Assistance PrOirtJm Lio..,J{ of $ for a pe~iod of at least yell"l It th.
<br />Inrltest ra~ e6tabllsnedby the Tl!)(lts Vet~rlnJi !.end 80elrd at the time Qf clc5ing.
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<br />Cle. FHA INSURED FINANCIN(;: A Section ! [FHA InJured loen of not len than
<br />$ I (ilxeludlng any fJneanced HiP), amcrtl:z:able monthly for not lea than
<br />years, with Inter.it not to exceed % per ~nnum for the flret ye.r(s)
<br />of the loan With lO'I'1Fee, (loan orlglnatlo/"l, discount, b~y~dow/"tf and commitment fe8:l) not
<br />to eXQiled ,% of the loan. M. required by HUO-fHA, If FHA 'Ialuatlon Is unknown,
<br />lilt is e;tprs5$lY agreet1 thl'Jt, notwfthstandlng ilrtY ot:"er "revlsion of this COfttraet, the
<br />purchaser (Suyer) sh.1I not I>> tJbllgated to wmplete the pUrchase Of the Prop6l'ty deKrlb$i
<br />he/em 0(' to Incur .ny pdtUllry by fOrfeit",.. 0( eamest mOi'Jey depDS/ts or othfitrwl. unless
<br />the pu.-dJ(I'" (Buy_r) I'Il1$ been !j(lItm in ilccordanc. wlrtf H/JD/FHA or VA requirements .
<br />written stacemdnt IssUlld by the Pede"'l 110US/tlQ C"m'ml$s;oner, CJep.rtment or Ve~tls
<br />Aff.in;, or. Diret:r cndorB.mfJnt Llfnctsr setting forth th~ .ppraised value of the Property
<br />of not lea thitn $_.... ",,-' The pUl'C"'ftr :(tftlY.") sh.J/ h.ve the prIVilege ana
<br />cptlor: of proc.flfiing wirll 'cc"~mmatJO('t of thd eon~ct ~~outrt!IQ.rd to Me ~mou"r Df ths
<br />.ppf1#lsed v.luatlon. i me appraISe(} ~BII.J't1on Is .rriVed.t to datermftra the maxfmum
<br />. mOftOiige the DePlI"tJ1re~t of Housing ilftd Urb.rr Dev~Mt will ;nsurw. HUO does not
<br />I warrant tna viflu. Or pt., *.:...condltiOrr of the PrOptJrtV. ~. 'P.... ufClM,ar (Suye,.) should S_66!y
<br />h!mseff/h.-salf rnfJt ~ p'fe .nd the condit/on of the P~pef' Me iJcceptable. .
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<br />11l1n1ileo rer loen . . I
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