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527 & 527 S.E. 8TH Con'"," C"oem;n, PARIS. TX 7 546 0 Pa" 2 ora 02.13.<J6 (Address of Property) the Provisions of the nUe Policy, sUbject to the promulgated exclusions (including existing bUilding and zoning ordinances) and the following exceptions: (1) Restrictive covenants common to the platted subdivision in which the Property is located. (2) The standard printed exception for standby fees, taxes and assessments. (3) Liens created as part ofthe financing described in Paragraph 4. (4) Utility easements created by the dedication deed or plat of the subdivision In which the Property is located. (5) ReseIVations or exceptions otherwise permitted by this contract or as may be approved by Buyer in writing. (6) The standard printed exception as to marital rights. (1) The standard printed exception as to waters, tidelands, beaches, streams, and related matters. (8) The standard printed exception as to discrepancies, conflicts, shortages in area or boundary lines, encroachments or protrusions, or overlapping improvements. Buyer, at Buyer's expense, may have the exception amended to read, "shortages in area", B. COMMITMENT: Within 20 days after the Tnle Company receives a copy of this contract, Seller shall fumish to Buyer a commitment for fitle insurance (Commitment) and, at Buye(s expense, legibie copjes of restlic/ive covenants and documents evidencing exceptions in the Commitment (Exception Documents) other than the standard printed exceptions. Setler authorizes the Tille Company to deliver the Commnment and Exception Documents to Buyer at Buye(s address shown in Paragraph 21. If the Commitment and Exception Documenl1l are not delivered to Buyer within the specified time, the time for delivery will be automatically extended up to 15 days or the Closing Date, whichever is earlier. C. SURVEY: The survey must be made by a registered professional land sUIVeyor acceptabie to the Title Company and any lender. (Check one box only) o (1) Within days after the effeclive date of this contract, Seiler shall furnish to Buyer and Tnie Company Seller's existing survey of the Property and a Residential Real Property Affidavit promUlgated by the Texas Department of Insurance (Affidavit). If the existing surveyor Affidavit is not acceptable to Title Company or BUyer's lender, Buyer shall obtain a new survey at. 0 Seller's 0 BUyer's expense no later than 3 days prior to Closing Date. If Seller fails to furnish the existing surveyor Affidavit within the time prescribed, Buyer shall obtain a new survey at Seller's expense no later than 3 days prior to Closing Date. o (2) Within days after the effeclive date of this contract, Buyershali obtain a new survey at Buyer's expense. Buyer is deemed to receive the survey on the date of actual receipt or the date specified in this paragraph, whichever is earlier. o (3) Within days after the elfective date of this contract, Seller, at Seller's expense shall furnish a new survey to BUyer. D. OBJECTIONS: Buyer may object in writing to defects, exceptions, or encumbrances to title: disclosed on the sUIVey other than items 6A(1) through (7) above; disciosed in the Commitment other than items 6A(1) through (8) above; or which prohibit the fol/owing use or activity: Buyer must object not later than (i) the Closing Date or 00 days after Buyer receives the Commitment, Exception Documenl1l, and the sUIVey, whichever is earlier. Buyers failure to object within the time atloWed wili constitute a waiver of Buyer's light to object; except that the requirements in Schedule C of the Commitment are not waiVed. Provided Selier is not obligated to incur any expense, Seller shall cure the fimely objections of Buyer or any third party lender within 15 days after Selier receives the objections and the Ciosing Date wili be extended as necessary. If objections are not cured within such 15 day period, this contract will terminate and the earnest money will be refunded to Buyer unless Buyer waives the objections. E. TITLE NOTICES: (1) ABSTRACT OR TITLE POliCY: Broker advises Buyer to have an abstract of fille COve ling the Property examined by an attorney of Buyer's selection, or Buyer should be furnished with or obtain a Title Policy. If a Title Policy is furnished, the Commitment should be promptly reviewed by an attorney of Buyer's choice due to the time limitations on Buyer's right to object. (2) MANDATORY OWNERS' ASSOCIATION MEMBERSHiP: The Property 0 is flI is not subject to mandatory memberShip in an owners' association. If the Property is subject to mandatory membership in an owners' association, Seller notifies Buyer under S5.012, Texas Property Code, that, as a purchaser of property in the residential community in which the Property is located, you are obligated to be a member of the owners' association. Restrictive covenants governing the use and occupancy of the Property and a dedicatory Instrument goveming the establishment, maintenance, and operation of this residenUal community have been or will be recomed in the Real Property Records ofthe county in which the Property is located. Copjes of the restrictive covenants and dedicato in U ma be obtained from the coun clerk. You are "iti~ledfor idenffffcation by Buyer - _ and Seller TREC NO. 20-7 "-.-<'~-'-"---"'""-''1'"''''- .