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o^^uS:m`Envelope |cx 1~A20-Bw3nIouo07sA Commercia\Contract-UnhnpmvedPmpmrtyuunoeming W Main, La Porte, Tx 77571 A. Seller will pay for the following atOrbefore closing: /1\ releases of existing liens, other than those liens assumed by Buyer, including prepayment penalties and recording fees; (2)release of Seller's loan liability, ifapplicable; (3) tax statements or certificates; (4)preparation ofthe deed, (5) one-half of any escrow fee; (G) costs horecord any documents bocure title objections that Seller must cure; and (7) other expenses that Seller will pay under other provisions of this contract. B. Buyer will pay for the following etmrbefore (1) all loan expenses and fees; (0 preparation of any deed of trust; KBrecording fees for the deed and any deed oftrust; (4) premiums for flood insurance as may be required by Buyer's lender; (5)one-half of any escrow fee; (6) other expenses that Buyer will pay under other provisions of this contract. A^Prorationg: (1) Interest on any assumed loan, baxas, naOts, and any expense reimbursements from tenants will be prorated through the closing date. (2) U the amount of ad w3|DreOl taxes for the year in which the ao|e n|Qsgs is not available on the closing date, taxes will beprorated onthe basis cf taxes assessed inthe previous year. |fthe taxes for the year inwhich the sale closes vary from the amount prorated at closing, the parties will adjust the pn}naUonem/hen the tax statements for the year in which the S8|o doses become 8VBi|8b|e. This Paragraph 14A(2)survives closing. (3) |fBuyer 'assumes o loan or is taking the Property subject to an existing Uen. Seller will transfer all neuon/a deposits held by the lender for the payment of taxes, insurance p;80n|UOOs, and other charges to Buyer at closing and Buyer will reimburse such amounts to Seller by on appropriate adjustment atclosing. B. Rollback Taxes: If Sellers use or change in use of the PnVpBdv before closing results in the assessment of additional h3XeG, penalties, Or |Oh0rGEt (assessrDeStG) for periods before d0s|ny' the assessments will be the obligation ofthe Seller. |fthis sale OrBuyer's use ufthe Property after closing results in additional assessments for periods before closing, the assessments will be the obligation of Buyer. This Paragraph 148survives closing. C.QepL)sitgi: At closing, Seller will tender to Buyer all security deposits and the following advance payments mamekmd by Seller for periods after closing: prepaid expenses, advance rental pmymenhs, and other advance payments paid by tenants. Rents prorated to one party but received by the other party will be remitted by the recipient tothe party towhom it was prorated within 5 days after the rent isreceived. This Paragraph 14C)survives closing. MAXPM A. If Buyer fails to comply with this contract, Buyer isiDdefault and Seller, as Seller's sole ' may terminate this contract and receive for Buyer's failure nXR-1802107-08-22 Initiated for Identification uySeller and Page 8of10 m./,r~,",^.,v..^u2.d,^L.*.t.rr,sv/ p*=°`R3^u79-5m^ Fa=zmm/.vu/ IN Main La,",m Rosa Marla vw*UI. Produced with Lone Wolf n"="ct"s(Lwrorm Edu*")n,mHarwood St, Suite 2m0,Dallas, ,xr52o *wyuwumxm