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<br />G:t
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<br />PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREe)
<br />ONE TO FOUR FAMILY RESIDENTIAL CONTRACT (RESALE)
<br />
<br />NOTICE: Not For Use For Condominium Transactions
<br />
<br />01-06-03
<br />
<br />IQUAL HOU.'NO
<br />DPPOATVNfTT
<br />
<br />
<br />1. PARTIES:
<br />sell and convey to
<br />Buyer agrees
<br />
<br />rom Seller the Property described below.
<br />
<br />
<br />
<br />(Seller) agrees to
<br />(Buyer) and
<br />
<br />29 and 30
<br />
<br />(address/zip code), or as described 0 ched exhibit.
<br />IMPROVEMENTS: The house, ar It-other fixt . ements attached to the
<br />ropertY, --mc uding without limitation, the following permanently
<br />installed and built-in items, if any: all equipment and appliances, valances, screens, shutters,
<br />. awnings, wall-to-wall carpeting, mirrors, ceiling fans, attic fans, mail boxes, television
<br />~ antennas and satellite dish system and equipment, heating and air-conditioning units,
<br />/) security and fire detection equipment, wiring, plumbing and lighting fixtures, chandeliers,
<br />, ''\' water softener system, kitchen equipment, garage door openers, cleaning equipment,
<br />~f-1;hrUbbery, landscaping, outdoor cooking equipment, and all other property owned by Seller
<br />and attached to the above described real property.
<br />C. ACCESSORIES: The following described related accessories, if any: window air conditioning
<br />units, stove, fireplace screens, curtains and rods, blinds, window shades, draperies and rods,
<br />controls for satellite dish system, controls for garage door openers, entry gate controls, door
<br />keys, mailbox keys, above ground pool, swimming pool equipment and maintenance
<br />accessories, and artificial fireplace logs.
<br />D. EXCLUSIONS: The following improvements and accessories will be retained by Seller and
<br />excluded:
<br />
<br />The land, improvements and accessories are collectively referred to as the "Property".
<br />
<br />3. SALES PRICE:
<br />A. Cash portion of Sales Price payable by Buyer at closing.................. $
<br />B. Sum of all financing described below (excluding any loan funding
<br />fee or mortgage insurance premium) .......................................... $
<br />c. Sales Price (Sum of A and B) ..................................................... $
<br />
<br />500.00
<br />
<br />84.500.00
<br />85.000,00
<br />
<br />4. FINANCING: The portion of Sales Price not payable in cash will be paid as follows: (Check
<br />applicable boxes below) .
<br />Ga A. THIRD PARTY FINANCING: One or more third party mortgage loans in the total amount
<br />of $ 8<1. <;00 00 . If the Property does not satisfy the lenders' underwriting
<br />requirements for the loan(s), this contract will terminate and the earnest money will be
<br />refunded to Buyer. (Check one box only)
<br />0(1) This contract is subject to Buyer being approved for the financing described in the
<br />attached Third Party Financing Condition Addendum.
<br />0(2) This contract is not subject to Buyer being approved for financing and does not involve
<br />FHA or VA financing.
<br />o B. ASSUMPTION: The assumption of the unpaid principal balance of one or more promissory
<br />notes described in the attached TREC Loan Assumption Addendum.
<br />o C. SELLER FINANCING: A promissory note from Buyer to Seller of $ ,
<br />bearing % interest per annum, secured by vendor's and deed of trust liens, and
<br />containing the terms and conditions described in the attached TREC Seller Financing
<br />Addendum. If an owner policy of title insurance is furnished, Buyer shall furnish Seller with
<br />a mortgagee policy of title insurance.
<br />
<br />5. EARNEST MONEY: Upon execution of this contract by both parties, Buyer shall deposit
<br />$ <;on nn as earnest money with Fi np 1 ; t-y 'T'; t-l p ,
<br />as escrow agent, at (address).
<br />Buyer shall deposit additional earnest money of $ with escrow agent within
<br />days after the effective date of this contract. If Buyer fails to deposit the earnest
<br />money as required by this contract, Buyer will be in default.
<br />
<br />Initialed .for identification by BuyerJ'
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<br />
<br />01A TREC NO. 20-6
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