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<br />:omlr1"~rcl81 Con~et Flna~~Ir.l~.Mdendu", 'Concernlng
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<br />2980.S. Church 'st.
<br />. pa.ri., TX 75462
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<br />. (6)If'assumptl.on app~oval h~ required by the. note holder, Buyer will apply.. for as~umptlon approval
<br />within . days. after. the effective date of the contract and will.make every reasonab'~ effort to
<br />obtain. assumption approVal:, .1fBuyer cannot obtain assumption approval, Buyer may give Seller
<br />written notice. within ., . days after the effective date and. the contract-will terminate and the
<br />earnest money, I~s$ 'any i'i~depfmdent consideration under Paragraph 7B(1)- of the contract, wilJ. be
<br />r~funged.to Buyer. If Buy., does not give such notice within the time required and Buyer does
<br />l1'ot:cro.s~,: beca~s~ Buyer Is' not able. to assume the existing note, Buyer will be in default.
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<br />] '. c~ " SELLER ;F'INANCING:. '
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<br />'(1) . At~~Josli1g,.. ~uy.er,.Y.{1II :execute, and- deliver a . promissory note (tlie note) f~o"1.Buyer to Seller In:.th~
<br />. . "sry;punt qf $.... . .:::::-., . . .... . . . . . i beari.ng . :', . %. interesrperannuf'!1: Matured,
<br />tmp.aiQ .a[)1ollnts "YiI.Lbear Interest at the maximum rate of Inter~s~ al.lowed by I~~.;,. :.::~:.: ;.: > : .' '.
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<br />(2) Th~ note wOl be pay~ble .a~' follows: . . :' ': :.;i':" : ... ".'lo~~ .~'.. . "
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<br />o (~},ln..on'~ paymel"lt,;d~e ... . . '. ..... . . ".:< '. ..;' afterthe date
<br />: of.the note,. w!tlJ 'I.~teres~ payable:'. 0 (I) monthly 0 (II) .: . .
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<br />o (b) In Installmentslof$' , 0 inCluding interest 0 plus Interest
<br />, ,begin,n1ng . . .' ' after the' date 'of the note
<br />,a'nd 'contlnuing, at O'monthly 0, intervals thereafter for
<br />'. Y'.' . .... . . , when the entire balance of the ~ote will be d,ue and p~yable. .
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<br />o (c)'lnteresf,on.ly.ln..O monthly 0 .... installments for the.first
<br />'. y.ears:'and ther~after in Installments of $ "'0 Including Intere.sf 0 plus. interest'
<br />. .. beginning . '~" " . after the date of the note and'continulng at
<br />o monthly 0: . '. .... '.: ' . Intervals thereafter for '
<br />: . w~eri .the'entire: balan'ce'.of t~e (lote will be due and payable.; . '" . ", .... '.':
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<br />(3) rh~~I,1pt~. will. :~e ..s~~~rec!l 'by' vendor's ~md deed 'of tr~st liens' and al)' a~si~nm~nt of jeases. 'payal;>le at
<br />th,.~ plflc~d;deslg,n~ted:by S~IIer., . .' ' ., '. . '..: .. '.... ;,....... . ...... .:..:.,... .
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<br />" (4).. T~$.'~n6te. Wil.i', prO~ld~' that'lf Buyer falis to timely pay an' Installment within 10 c;fays after the
<br />" )J:1stall~enr;~ due; Buyer will. pay a late fee equal to 5% 9f th~"I~stallment n9t p'al~, .
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<br />(5) '. jlia i:!.ot~' l::fwll/' EiJ;:wili ~ot "provid~ :for . liability (persona;" or. corpO"~te). against th.e make', In th~
<br />everit of default. ",' ',':'. " .... . ..... '. .:: ' '. " . "..... .. .,'
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<br />.. ((3). rn~. n.~:m.~y. !>ffp.repaTCfTffwnOTe' or: .npart af anY' ffriie .W1tfi()UTP'~ha1ty~' At'fY prepaymems-areto be
<br />. 8:pplied to the payment of th.e Installments of principal last maturing and interest will .Imm~diately
<br />e~a$e~nthe:prepald .p~lnclpat. '. . .: '. . .. . : ., " '.
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<br />(7). The lien .securing .payment ;pf t~e .note will be Infenor to any lien securing any' superior note described
<br />In':this'add~ndum. If; an ow.n~r's polley of title insurance Is furnished; Buyer, at 'Buyer's expense, will
<br />fuml.sn:iSe!'~r. with a .mortgagee tlt.le polley In the 'amount of the not~ at closing. ' ,~ " . . . ' ,." . . :
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<br />(8) IfalH;r ~r;'ly P~,rt ~f<~lie f;'roperty Is sold or conveyed wltho~t-Seller's pdor written consent,. ~Seller, .at.
<br />S'~"f:)r's . bptlon, m~y. declare the outstanding principal balance of the note, plus' accrued Interest,
<br />I.~.m~dialely: dye. arid payable. Any of the. following Is not a sale:or convey~nc~ of the ~roperty:
<br />(a) th~;.creatjoh' ofa',subor91hate lien; . . . .' " '. . ..'.. .
<br />(b): a.:sale:uhaer a .sl;Ibordiriate lien;' . '. '. '. ..
<br />(c)a.'deed l;md~r ttir;eat or. Qrder of condemnation; ....... .
<br />(d)'a ~onveY~r:lce sblely iJetween the partl~5; or '. .
<br />(t;!))~~ p~s~~g~ of title by ~eason ~f.death of a maker or operation of law.
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<br />AR~~931)10-145:';:~ ...... '. .' . . '. '. ' . .. '.. '" ;";.' . :"~'.: .;.... '-:'::,' ',... ',:- .Page2of3::....,
<br />PrOtJuc:ed Wiih ii~Fo"" lM by. RE ~OflllaN.I,-LLC 18025 Flft.eln Mill Rold, Cllnlon ToWn-hip, Mlchlgln 48035 iNNt zlofonn com . .... .... "'Paul Brannon,z :
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