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<br />.- <br /> <br />Commercial Unimproved Contract Concerning <br /> <br />(c) If the sales P!ig~_ is adjusted by more than 10% of the stated sales price, either party may terminate this contract by <br />providing writien-notice to the other party within _ days aller the terminating party receives the survey. If neither <br />party terminates this contract or if the variance is 10% or less, the adjustment to the sales price will be made to the <br />cash portion of the sales price payable by Buyer. <br /> <br />4. FINANCING: Buyer will finance the portion of the sales price under Paragraph 38 as follows: (Check all that apply.) <br /> <br />a A. Third Party Financino: A third party note(s) in the total amount of $ <br /> <br />. This contract <br /> <br />a (1) is not contingent upon Buyer obtaining third party financing. <br /> <br />a (2) is contingent upon Buyer obtaining third party financing in accordance with the attached Financing Addendum. <br /> <br />a B. Assumotion: In accordance with the attached Financing Addendum, Buyer will assume the unpaid principal balance of the first <br />lien promissory note, which balance at closing will be $ <br /> <br />a c. Seller Financino: The delivery of a promissory note and deed of trust from Buyer to Seller l!nder the terms of the attached <br />Financing Addendum in the amount of $ <br /> <br />/ 00 <br />. 00 - as earnest money <br />(escrow agent) at <br />(escrow agent's address). <br />If Buyer fails to timely deposit the earnest money, Seller may terminate this contract by providing written notice to Buyer before <br />Buyer deposits the earnest money. Buyer may instruct the escrow agent to deposit, the earnest money in an interest-bearing <br />account at a federally insured financial institution and to credit any interest to Buyer. <br /> <br /> <br />5. <br /> <br />6. TITLE POLICY AND SURVEY: <br /> <br />A. Title Policy: <br /> <br />(1) Seller, at Seller's expense, will furnish Buyer an Owner's Policy of Tille Insurance (the tille policy) issued by <br />AHPJU (AN 17TUc...ofl1PIIAlY (the tille company) in the amount of the sales price, dated at or after <br />closing, insuring Buyer against loss under the title policy, subject only to: . <br />(a) those title exceptions permitted by this contract or as may be approved by Buyer in writing; and <br />(b) the standard printed exceptions contained in the promulgated form of title policy unless this contract provides <br />otherwise. <br /> <br />'- <br /> <br />(2) The standard printed exception as to area boundaries: (Check (a) or (b) only.) <br /> <br />a (a) will not be deleted from the title policy. <br /> <br />a (b) will be deleted from the tille policy at the expense of a Buyer 0 Seller. <br /> <br />(3) Buyer may object to any restrictive covenants on the Property within the time required under Paragraph 6C. <br /> <br />(4) Within _ days after the effective date, Seller will fumish Buyer a commitment for tille insurance (the commitment) <br />including legible copies of recorded documents evidencing title exceptions. Seller authorizes the title company to deliver <br />the commitment and related documents to Buyer at Buyer's address. <br /> <br />B. Survey: <br />(1) Within _ days after the effective date: (Check all that apply.) <br /> <br />D (a) Buyer will obtain a survey of the Property at Buyer's expense and deliver a copy of the survey to Seller. <br /> <br />a (b) Seller, at Seller's expense, will furnish Buyer a survey of the Property dated after the effective date. <br /> <br />D (c) Seller will deliver a true and correct copy of Seller's existing survey of the Property dated <br />Seller, at Seller's expense: - <br /> <br />a (i) will have the existing survey recertified on a date not earlier than <br /> <br />o (ii) will not have the existing survey recertified. <br /> <br />ITAR.1R02\ 11-5-99 <br /> <br />'''''aled lo"denlmcallon by Buyer {J~ and SeI., eJL JJ.Jf <br />TAR, P.O. Box 2246j;;i/:rx 78768.2246 <br /> <br />Page 2 ( <br />