|
<br />G.)'
<br />
<br />KlUAlHDLlSINIO
<br />0/'p0RTllt1lY
<br />
<br />PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREe)
<br />ONE TO FOUR FAMILY RESIDENTIAL CONTRACT (RESALE)
<br />NOTICE: Not For Use For Condominium Transactions
<br />
<br />02-13-06
<br />
<br />1. PARTIES: .lOhN Ii'. BELL
<br />sell and convey to LEGEND HEJ.I..L1'H CARE
<br />and Buyer agrees to buy from Seller the Property described below.
<br />2. PROPERTY:
<br />A. LAND: Lot 1 Block
<br />City of PARI S
<br />as 527 & 52 7 8. E, 8 TH
<br />(address/zip code), or as described on attached exhibit.
<br />B. IMPROVEMENTS: The house, garage and all other fixtures and improvements attached to the above-described
<br />real property, including without limitation, the following permanently installed and built-in items, if any: all
<br />equipment and appliances, valances, screens, shutters, awnings, wall-to-wall carpeting, mirrors, ceiling fans,
<br />attic fans, mail boxes, television antennas and satellite dish system and equipment, heating and air-conditioning
<br />units, security and fire detection equipment, wiring, plumbing and lighting fixtures, chandeliers, water softener
<br />system, kitchen equipment, garage door openers, Cleaning equipment, shrubbery, landscaping, outdoor cooking
<br />equipment, and all other property owned by Seller and attached to the above described real property.
<br />C. ACCESSORIES: The following described related accessories, if any: window air conditioning units, stove,
<br />fireplace screens, curtains and rods, blinds, window shades, draperies and rods, controls for satellite dish
<br />system, controls for garage door openers, entry gate controls, door keys, mailbox keys, above ground pool,
<br />SWimming pool equipment and maintenance accessories, and artificial fireplace logs.
<br />D. EXCLUSIONS: The following improvements and accessories will be retained by Seller and removed prior to
<br />delivery of possession:
<br />
<br />(Seller) agrees to
<br />(Buyer)
<br />
<br />113
<br />
<br />, County of
<br />
<br />Addition,
<br />, Texas, known
<br />
<br />75,~ 60
<br />
<br />or more third party mortgage loans in the total amount of
<br />(excluding any loan funding fee or mortgage insurance premium).
<br />Property Approval: If the Property does not satisfy the lenders' underwriting requirements for the loan(s),
<br />this contract will terminate and the earnest money will be refunded to Buyer.
<br />(2) Financing Approval: (Check one box only)
<br />o (a) This contract is subject to Buyer being approved for the financing described in the attached Third
<br />Party Financing Condition Addendum.
<br />o (b) This contract is not subject to Buyer being approved for financing and does not involve FHA or VA
<br />financing.
<br />[J B. ASSUMPTION: The assumption ofthe unpaid principal balance of one or more promissory notes described in
<br />the attached TREC Loan Assumption Addendum.
<br />o C. SELLER FINANCING: A promissory note from Buyer to Seller of $ ,
<br />secured by vendor's and deed of trust liens, and containing the terms and conditions described in the attached
<br />TREC Seller Financing Addendum. If an owner policy of title insurance is fumished, Buyer shall furnish Seller
<br />with a mortgagee policy of title insurance.
<br />5. EARNEST MONEY: Upon execution of this contract by both parties, Buyer shall deposit $1 , 000.00
<br />as earnest money with STONE TITLE , as escrow agent, at
<br />33 l81'. N.W. PARIS TX 75460
<br />(address). Buyer shall deposit additional earnest money of $ with escrow agent within
<br />days after the effective date of this contract. If Buyer fails to deposit the earnest money as required by
<br />this contract, Buyer will be in default.
<br />6. TITLE POLICY AND SURVEY:
<br />A. TITLE POLICY: Seller shall furnish to Buyer at tEll Seller's
<br />insurance (Title Policy) issued by
<br />(Title Company) in the amount of the Sales Price, a
<br />Initialed for identification by Buyer _ _ and Seller
<br />fTAR-1601) 2-13-06
<br />
<br />The land, improvements and accessories are collectively referred to as the "Property".
<br />3. SALES PRICE:
<br />A. Cash portion of Sales Price payable by Buyer at closing ................................................. $
<br />B. Sum of all financing described below (excluding any loan funding fee
<br />or mortgage insurance premium) ............... ..... ...... ................ .................................... ....... $
<br />C. Sales Price (Sum of A and 8) .......................................................................................... $ 10 [ 000.00
<br />4. FINANCING: The portion of Sales Price not payable in cash will be paid as follows: (Check applicable boxes
<br />below)
<br />o A. THIRD PARTY FINANCING: One
<br />$
<br />(1 )
<br />
<br />10,000.00
<br />
<br />
<br />STONE TITLE
<br />
<br />o Buyer's expense an owner policy of title
<br />
<br />at or after closing, insuring Buyer against loss under
<br />TREC NO. 20-7
<br />Paae 1 of 8
<br />
<br />"...---.-..+-'..".-..-..-".".,.....-.. '._'~""--'-"-"--"'---r--"
<br />
|