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<br />~Ub- j-~JU!(MJN) IJ,aj ~tJnE! ltle
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<br />\rH^,;':1~I.:I'O~ ~ ':i.; !-' Ul~IJ
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<br />CQntri\;,;CQI1..ernlnljl 2110 Elk Hollow llrivc
<br />(Addru$"Of Property)
<br />
<br />t>a"eTw/l ~1.05-03
<br />
<br />lines, encroachments or protruslot'\$,or overl21pplng Improvements. Buyer, at Buyer's expense,
<br />may have the e>cceptjoli amended to r.ead, hd10rl:2~es lr: area", '
<br />e. COMMrrMEN'i: WithIn 20 days after the Title tomp~ny re:eelves a :opy of this contract, Seller
<br />shan furnISh to Suyer ~ commitment For title 11'1su~nce (CommItment) and, ~t Buyer's expense,
<br />legIble copies of restrictive covenants and documents evIdencing exee~tlOI'!S In the
<br />Cornmltm~nt (exceptioI'! Doe..lments) other than the stand!lrd prlnted exceptions. 5m:ller
<br />.!:uthoril!:~ the TI!:Je Coml'any to mall or hand deltv~r the Lommltrnent ant! Exception
<br />Documents ~c Buyer at Buyer's addre$~ ~hown In Paragra~h 21. If the Commitment end
<br />Exception Documents ilIre not delivered to Buyer wlthin the speCified tIme, th~ time fot detivery
<br />wI!1 be autcmat!cally extended up to 15 days Or th~ Closlno Date, wt'llthever l5 earlier.
<br />C. SURVeY: The survey must be made by a reglstf1!r~d ::lrofe~loMI I~:'ld $urveyor acceptable to
<br />tM Titf~ Cempany and any lel1der, (Check one box only)
<br />I:J (1) WIthIn days after the e"'~;;tlve d~l:e of this contractl Sellar, at Seller's expense,
<br />shall furnish a new survey to Buy-er.
<br />a (2) Within' days after the effective date of thiS Contract, BUY$r, ~t a~yer's expense,
<br />shall obtAin! new s~rvey.
<br />:0 (3) Wltl'lln 10 days after the effective date of this conl:r<lctt Selier snall Furnish Seller's
<br />eKStlng survey of the Property to Buyer 3nd th~ Title comj:lany, along wltl1 selle.r's
<br />aflllcavrt acceptable to the Title Company fOr approval of the survey. !f the sl,;!"Vey is
<br />no~pproved..l2.Y the Ti:!a Company or 8uyer'S lender, a new slIrvey will be obtained
<br />at'-J SeHer's tD Buye"'s expense no late:- than:; days prior to the Closing Di!lte.
<br />D. OBJECTIONS: WIthin _ days af::er Buyer receives t~e commItment, EXee!:ltio1"l Ooeurnants
<br />and the survey, Quyer may object in writing to (i) defects, exceotiOns. ~r e:1C\.lmbrances to
<br />tltie: disclosed on the survey other ~han Items 5A(1) through (7) above; disclosed In the
<br />Cemm,tment other than ltem$ 6A(1) through (S) above; (Ii) any POrtiO,"! of tile Prope:rty lying In
<br />the 100 year flood plain a$ shown on the current Federal Emergency Management Agency map;
<br />or (lIl) any exceptIons which prohibit the following use or ",ctlvlty:
<br />
<br />6I,;ye:-'$ failure to objec:t within the time ;!lllowed will constItute Q waIver Of Buyer'S rIght to'
<br />object; except tl'1at the requlrementl> In Sc;hedule C of the Commitme:"lt lire! not w!ived. Serh!!r
<br />shall cure th~ timely objeCtions :)f Buyer or any thlr~ party lender within 15 deys after Seller
<br />receIves the objections and the CloSing Date will b@ extMded as necessary, If ohJet:t.lons are
<br />!'lot e-.Jred wIthin sud'1 15 day period, thiS eontract will termlnete and the eat'r'ltast money will M
<br />I"efvnd&d to Buyer unless B~yer waives the objections.
<br />E. TITLE r../OnCES: '
<br />(1) ABSTRACT OR T!TLS POUCY: Brol.::e,r advl$es Buyer to have an abstract of title covering the
<br />Property eXClmlned by an attorney of Buyer's selection. or Buyer shOuld be furnished with or
<br />ob~ln a Title Policy, :f a Title Polity ~ fumlshed, the Commitment should be promptly
<br />revfewed by 2'.ln l:ttorney of Buyer's ef'tolce due to the time limitations on Buyer's right to
<br />object.
<br />(2) MANDATORY OWNeRS' ASSOCATION MEMBERSH!?: The Property 0 is D is not subject to
<br />mandatory membershIp in an owners' 2lsSOCiation. If the Property IS subjett to mandatory
<br />",embershlp In an Ol"lnet$' association, Seller notifieG Buyer under ~5.012. Texas property
<br />Code, t~tlt, l'tS 8 pureha~er of p,.ope~ In the residential community In whlc:h the Pro!'.'lerty IS
<br />ocated. yOl.; are obligated to be a member of the owners' i!lssoeilStlon. ReSl:rh:tlve covenants
<br />"o\l~rnlng the use and occupan~ of the Property and a dedIcatory Instrument governIng
<br />:t".e escabllshment, mal[1te~ance! at.d operation of this residentii!ll community i;llve beEn or
<br />wflll;l~ reeorded In the Real PtOpt!:rty R.ecords of the county'ln which the Property i$ lo:ated.
<br />Copies of the restrictIve coven~nt~ ~nd dedieatory Instrument may be obtained from the
<br />county clerk. Vou are obligated to pay assessments ~c the owners' assocIation. The amount
<br />of the 2lssessmen\;$ Is subject to change. YOur failure to pay the assessments could result :n
<br />a lien Q:"l and the forlclo5ure of the Properry_
<br />(3) STATUTORY TAX DISTR:crS: If the !>rnpertY Is sItuated In a utility or otMer statutorily
<br />created di;trlc~ providing water, sewer, dralnage, Or ~Iood ContrOl faellltles 2nd servlc:;es.
<br />Chapter 49, Texas Water Code requires Seller to deliver and 6uyer to sign the statutory
<br />notice rel;!ltlng to the tax rate, bondM Indebtedness, or standby fee OF the district prior to
<br />flnal execl.ltJol1 of this contfat:t.
<br />(4) TIDE WATERS: If tne property abuts the tidally InfluM~d waters of the $t~te, g33.135,
<br />Texas Natural Resourl;~ Code, requires a notice ~egarClng eoanal area property to be
<br />Included in the contreCt. An addenClum eontalnlng the notIce promulgated by TREe or
<br />r~Qulred 0)1 the parties muat be used,
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<br />end Seller
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<br />01A TREe NO. 9-5
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<br />InitllHed for IdentificatIon by Buye:,,__.
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