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DocuSlgn Envelope ID; FCFB5B9B-662A-4681-A201-B13BIDCB07EA Commercial Contract- Unimproved Property concerning w main, La Pgrka Jx 77671 C. Buyer may instruct the title company to deposit the earnest money In an interest -bearing account at a federally insured financial institution and to credit any interest to Buyer. A. Title Policy: (1) Seller, at Seller's expense, will furnish Buyer an Owners Policy of Title Insurance (the title policy) issued by any underwriter of the title company in the amount of the sales price, dated at or after closing, insuring Buyer against loss under the title policy, subject only to: (a) those title exceptions permitted by this contract or as may be approved by Buyer in writing; and (b) the standard printed exceptions contained in the promulgated form of title policy unless this contract provides otherwise. (2) The standard printed exception as to discrepancies, conflicts, or shortages in area and boundary lines, or any encroachments or protrusions, or any overlapping improvements: (a) will not be amended or deleted from the title policy. (b) will be amended to read "shortages in areas" at the expense of [XJ Buyer [] Seller. (3) Within 15 days after the effective date, Seller will furnish Buyer a commitment for title insurance (the commitment) including legible copies of recorded documents evidencing title exceptions. Seller authorizes the title company to deliver the commitment and related documents to Buyer at Buyer's address. B. 5urye : Within 20 -__ days after the effective date: Fx] (1) Buyer will obtain a survey of the Property at Buyers expense and deliver a copy of the survey to Seller. The survey must be made In accordance with the: (1) ALTANSPS Land Title Survey standards, or (il) Texas Society of Professional Surveyors' standards for a Category 1A survey under the appropriate condition. Seller will reimburse Buyer zer ' o (insert amount) of the cost of the survey at closing, if closing occurs. F] (2) Seller, at Sellers expense, will furnish Buyer a survey of the Property dated after the effective date. The survey must be made in accordance with the: (I) ALTAINSPS Land Title Survey standards, or (ii) Texas Society of Professional Surveyors' standards for a Category 1A survey under the appropriate condition. (3) Seller will deliver to Buyer and the title company a true and correct copy of Seller's most recent survey of the Property along with an affidavit required by the title company for approval of the existing survey. If the existing survey is not acceptable to the title company, F] Seller [] Buyer (updating party), will, at the updating party's expense, obtain a new or updated survey acceptable to the title company and deliver the acceptable survey to the other party and the title company within 30 days after the title company notifies the parties that the existing survey is not acceptable to the title company. The closing date will be extended daily up to 30 days if necessary for the updating party to deliver an acceptable survey within the time required- The other party will reimburse the updating party __ (insert amount or percentage) of the cost of the new or updated survey at closing, if closing occurs. C. Buyer's Obiections to Itip Commitment and Survey: (1) Within NIA days after Buyer receives the last of the commitment, copies of the documents evidencing the title exceptions, and any required survey, Buyer may object in writing to matters disclosed In the items If: (a) the matters disclosed are a restriction upon the Property or constitute a defect or encumbrance to title other than those permitted b Seller will (TXR-1802) 07-08-22 Initialed for Identification by Seller and Buy r liens that Page 3 of 15 Main Properties, 10149 2ndStlAi Porte TX77571 Phone: 832-279-5674 Fax: 281.471..8231 W Main La Porte Rosa Marta Williams Produced with Luria Mir Transactions (ApFonn Edition) 717 N Harwood St, Suite 2200, Dallas, TX 75201 mmlwoltcorn