17 Request for Zoning Change 3755 FM 195

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Commercial Contract ~ Unimproved Property Concerning FM:lfi)5 (2) Seller may, but is not obligated to, cure Buyer's timely objections within 15 days after Seller receives the objections. The closing date will be extended as necessary to provide such time to cure the objections. If Seller fails to cure the objections by the time required, Buyer may terminate this contract by providing written notice to Seller within 5 days after the time by which Seller must cure the objections. If Buyer terminates, the earnest money, less any independent consideration under Paragraph 7B(1), will be refunded to Buyer. (3) Buyer's failure to timely object or terminate under this Paragraph 6C is a waiver of Buyer's right to object except that Buyer will not waive the requirements in Schedule C of the commitment. 7. PROPERTY CONDITION: A. Present Condition: Buyer accepts the Property in its present condition except that Seller, at Seller's expense, will complete the following before closing: NONE B. Feasibilitv Period: Buyer may terminate this contract for any reason within 30 days after the effective date (feaSibility period) by providing Seller written notice of termination. (Check only one box.) lID (1) If Buyer terminates under this Paragraph 7B, the earnest money will be refunded to Buyer less $ 100,00 that Seller will retain as independent consideration for Buyer's unrestricted right to terminate. Buyer has tendered the independent consideration to Seller upon payment of the amount specified in Paragraph 5A to the escrow agent. The independent consideration is to be credited to the sales price only upon closing of the sale. If no dollar amount is stated in this Paraaraph 7B(1) or if Buver fails to timely deposit the earnest mone)(. Buyer will not have the riaht to terminate. under this Paragraph 7B. D (2) Not later than 3 days after the effective date, Buyer must pay Seller $ as independent consideration for Buyer's right to terminate by tendering such amount to Seller or Seller's agent. If Buyer terminates under this Paragraph 7B, the earnest money will be refunded to Buyer and Seller will retain the independent consideration. The independent consideration will be credited to the sales price only upon closing of the sale. If no dollar amount is stated in this Paragraph 78(2) or if Buver fails to timelv pay the indeQendent consideration. Buver will not have the right to terminate und~r this Paragraoh7B. C. Inspections. Studies. or Assessments: (1) During the feasibility period, Buyer, at Buyer's expense, may complete or cause to be completed any and all inspections, studies, or assessments of the Property (including all improvements and fixtures) desired by Buyer. (2) Buyer must: (a) employ only trained and qualified inspectors and assessors; (b) notify Seller, in advance, of when the inspectors or assessors will be on the Property; (c) abide by any reasonable entry rules or requirements of Seller; (d) not interfere with existing operations or occupants of the Property; and (e) restore the Property to its original condition if altered due to inspections, studies, or assessments that Buyer completes or causes to be completed. (3) Except for those matters that arise from the negligence of Seller or Seller's agents, Buyer is responsible for any claim, liability, encumbrance, cause of action, and expense resulting from (TAR-1802) 10-18~05 Initialed for Identmcation by BU'er 11, _and Saller _, __ Page 4 of 12 Produced with ZipForm™ by RE FormsNet, LLC 18025 Fifteen Milo Road, Clinton Township, Michigan 48035 ~,zipform.com DARNELL TO i'."