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<br />PROMULGATeD 6Y THE TEXA:S REAL ES-:-ATE COMM1SS!O~ (TltEC)
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<br />OH\G-03
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<br />UNIMPROVED PROPERTY CONTRACT
<br />NOTICE: Not FOr Use For Condominium T:"C!lnS&ctlons
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<br />1. PARTIES. Jim CiffarQ ilnd Robert Net:z:~er ~ ~ _.~
<br />(SeHer) agrees to salt and convey to Ron '!:''iDCl-nt''i:.1 Co"pn,.."dnn
<br />(Buyer) and 8uyer agrees to buy from Seller the Property descr!ber.! below.
<br />
<br />2. PROPER.lY; LoL~t. 9 . Block ~E 7
<br />City of hri..s
<br />Texas, known as 2110 :E;'lIi HO']OloT nT'iv~
<br />
<br />(address/zip code], or t!Js deserlOed on at:.ached exhibit together wltn all rights, prIvileges and
<br />appLJ~ten;!lneE!S pertaining thereto, I"c!udlng but not :Imtted to: water rights, claims, permits,
<br />strips and gores, easements, and cooperatIve or ~ssocla~lon memberships (the Property).
<br />
<br />3. SALES PRICE:
<br />A. Cash portion of Sales Price p~Y2lble by Buyer at closing .................. $ 40.oo0.$)0
<br />6. Sum of i!l1I fltli!lnClng described below ..............................."."."......$
<br />C. Sales Price (Sum Of A end E:!)..............."..,.......,............."............$ 40.000.00 _".._._.._._
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<br />4. FINANCINC: The portion Of Sales Price nOt paya!:!e In cash will be paid as follows: (Check
<br />3Pplicable boxes below)
<br />U A. iHI~O PARTY FINANCING: One or mOre thIrd plJrty mortgage loans In the tota~ amount
<br />of $ N! A _ , . If the Property does net $i!ltlsfy thE! lenders' underwrtlflG
<br />r~~ulrements for the loan(s), :hls contract wIll terminate and the earnest money will be
<br />refunded to Buyer. (Cl1eck one box only)
<br />0(1) ThiS contract Is subject to 8uyar bel"!; approvec for the financing described In the
<br />attached Third P!rty FInancing Condition Addendum.
<br />qw~) This contract Is not $l.:bjec:t to euyer being approved for fJnancll'1~.
<br />o B. A~SUMP"ON: Th~ assumption of the uMl'ald principal balance of one or more promissory
<br />notes described In the attached TRI:C loan Assumption Addendum.
<br />C C. SELl.ER FINANCING: A promissory note ti'om Buyer to Seller of ~ N/A ,
<br />bearl1'l9 % Interest par iilMum, sec:wreCl by ve:'ldor's and deed or trust liens, and
<br />containing the terms and r;:~ndltlons descrIbed In the et~c;:hed TREe Seller financing
<br />Addendum. If an owner pOliCy of tItle insurance Is furnished, Buyer shall 1'u:-nlsh Seller with
<br />a mortgagee policy of title Insurance.
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<br />S. EARNEST MONEY: U"on executlon of this contra~ by ~oth P!rtII!S, Suyer. sh~1l d@posit
<br />$1000.00 ~s a!lmest money with StoP~ 'l'~t:.l~ Compnnv, In~ I
<br />as escrow 1!lge~t. at 3;3 .First:. 1>TW !=ll:~eeT:, ..h.!.ia........Taaa..UM1O . (address).
<br />Buyer shall dlilr;lOSil; addl:ional etlrnest money of $ with E!scrow agent wtthtr'l
<br />days after the: e.ffectlve elate of this contract. If Buyer fiSlls to d8poslt thE! earnest
<br />money l!IS required by tl'1i' c:ontrac:t, Suyer will be In d@f2ult.
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<br />6. TITLE POUCY AND SURVEY: _
<br />A. mu: POl1c:Y: S~lIer shall furnish to Buyer at 3lSeller's DSuyer's e~pense an owner polley of
<br />title insurance (11tle poliey) issued by SCOfUI Title CompanY1 Inc." .
<br />(TItle Company) In the amoUfIt Of the S~I~$ FJ:-Ice, c.ated ~t or after closing! Insuring Buyer
<br />agalns.t 109s under the provisions of the Title Polley, subjeCt to the prnrnulg~ted exclusions
<br />(indt.ldlng existing bUilding and 2:0nlng ordinMces) and the foliewlng exceptlor:s: .
<br />(1) Restrictive covenants common to the platted subdIvIsion :n whlct'l the Prooerty is loC2.1ted.
<br />(2) The stander-a printed exception for $tendby fees. taxes i!nd iilli$eSSrnents,
<br />(3) l.iens erti!!':Ited as part of the financIng described In Paragraph 4.
<br />(4) Uelllty easements created by tt\e deeHeatlon deec: or pli!lt of the subdIvision In Whlcn the
<br />Property Is located.
<br />(5) Reservations or exceptIons otherwise permitted by thls :ont:"ac:t or- as may be approve::l ~y
<br />5uyer In writing.
<br />(6) The standard printed axc(lptJon as to mar-ita: rlf/"1t:!l.
<br />(7) The~tandard prInted exception i1l5 to waters. ~Idelands, beaches, Slream~, and related
<br />matters.
<br />(8) The stancard prInted exceDtlon 8S to dlscrepandes, connl
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<br />_ ~ 1.!\tl1t~""
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<br />Addition,
<br />County,
<br />
<br />1 nit I a led fot Idcl'ltiflaltlon by Buyer
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<br />01A T~fC NO, 9-5 .
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<br />are-a Or boo Me:')'
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<br />and Seller
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<br />~....__.....,..,...._"_..,,,. -.-~...", ..,..,..<">-_...,._._,,_.-."-,"_._.~._.__.._-_....,.,-~---_'_._~----~"""'." .
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