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<br />H":" :-~.J'.'i,rlUiI'l I,J:115
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<br />i CO"'l.rt"..~t~t Oflter~,na
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<br />2UD Elk. Eol1ol.l n'dve
<br />(Adore;", of p~opert'i)
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<br />.___.._:)1>110 ~our
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<br />011.:6-0.' I
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<br />(~) BU yer S;iail pay the Sales r-rCe in good funds acceoti';lb:e to rh~~ er,c:ro~'II agent.
<br />(:~:: Selier and 8wye~ shall exer.utiil Md deliver ~I'ly notices, st&ter:'1El1\.$, c~rtlfjc(Jtes, affdalllts,
<br />releases. loan documants and :lther r:oc;:uments reClJlreCl of them :y tni$ contract. the
<br />Com:T::tment er law necessary fer :I",e clOSIng of the Si;l'.a am:: the !lis.)a nee of the Tit.le
<br />Policy.
<br />C. Unless expresSly pro:1lblted by written agreement, Sell~r :'!'Illy continue to show tM Propert'i
<br />ar.a receive, negotiate an::! <lccept back up offers.
<br />D, AI: covenants, rep~esenta':lClns and warrantle~ In thiS contr~c:t survive closing.
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<br />10. POSSES5.J:ON: Seller shall delivEir possess.l,m of the prope:tY to BUr'e:r u,or, Clo$lr,g and funding.
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<br />11. SPECIAl.. PROVXSIONS. Clnse~t or.ly factlJal ~tatements <!!nd business detal,s appljc.;;b~e ~C! t.h~
<br />sale. TREe r:JI!S prohibit ilcensee.s from adding factual steJt!mMts er bI.lSin;essC~tal:s fer ""hie'" a
<br />CQrtraCi: addendum or ether forrn has beei"i ptomulgatec by TR.Ee for mal'lda:cry iJse.)
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<br />Tr.is cot'l.1:raCt; is' sonringent upon b!.lYC!!' oora1ning a zoning chang~
<br />with the City of ?ari8 to Multi-fam11y/T"1.l't1hCltllu.
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<br />12. SerrLEMENT AND OTHER EXPENSES:
<br />/1" ThE! following eX:JenSe$ must bE: pald at or priM to closIng:
<br />(1) ExOenSeG pavatle :;,y Seller (S~1I~r'5 Expenses):
<br />(0; Releases of existing liens, lne!u~lng prepayment pel"ia1ties and recordIng fees; releasl;1
<br />of Sel!er's :oan Ilabnlty; tax sta:ement.$ or certificates; preparatlcn of deed; one.~alf Df
<br />e~crow Fee; a~d other I!:xperses payable b~' SeIer u:'lder thl$ CO'1trilCt.
<br />(::>j Seller shall also pay an .:lmount not to exceed>> ..__ to be apJI!ed
<br />to Bwyer's Expenses.
<br />C~) r;xpenses payable by Buyer (9uyer's Expe;se$):
<br />(~) Loan origir.atlon, d!seoui'.t, buy-cown, and commitment f~e:s (LOall'\ Fees).
<br />(bJ Appraisal fees; loan 3ppliCGItlon fees; i:red:t rQPorts; J.'re~arst,on Df I:l,~n d:Jcwmer>tsj
<br />interest on the notes frcm :::a~e of dlsbursemer~t to one month pr:or to dateS of tlrst
<br />mO"lthlY payments; reccr:::inc; fees; copies :)f e~semeM~s ~nC! restrlCtlol'lS; mOr1:g~gee
<br />title ~otiCY with etdorsements req...Jlred by le....der; il;)an'r~l.lJted inS;:lei:tlO:": fees; pr10tOS,
<br />~morti%;ttlor: schedules, one-half of escrow Fee; ~ran5far feas for ,::ooperetlve or
<br />~ssoci~tior, membe~hip for utility services; all prepaid Items, including required
<br />premIums for flood and hatsre inSurance. reserve deposits for Insurance, ad valorem
<br />taxes a:'1d special gQvernmM':a1 assessments; filial ~mpllance inspectlonj courier feel
<br />repair i:1spel;tion, underwrit.if1g fee Md wire transfer, expenses Incident to any :Oar'l,
<br />"nd Other expenses paY21t'lle by euye~ under" t'lls contract.
<br />B. Solyer shall Day Private Mortgage Insurance Premll,;m (PM!), 'VA l.oan Funding =ee, or FHA
<br />Mortgage Insurance P:-emlum (~IP} as required by the lander,
<br />C, If any ~xp~n$e exceeds ;;In amount expressly stl!lted In thIs contract for such expense to b8
<br />paid bv a party, that pi':lrty may terminate this r.:ontraet unless the ot~er p~rty agrees to pay
<br />suCh exces,;;. Buyer may net pay cMrges and fees expl'!!:;sly ~rohltllted by F'MA, VA, Texas
<br />Veteran's :-fouslnc Assistance. progrelm or other goverrm~nt!;llloan program regulliltlons.
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<br />1~. PRORATIONS AND ROLl8A(:K TAXES;
<br />A. PR,ORA nONS: Taxes ro~ the curre.M ye~rr )ntQr~st" malntenanc5! fees{ lSsse.ssme~ts, dues
<br />and rents wW bi: prorated th,ough the Closing D!l~e. If tsxes for the ClJrrent year vary from
<br />the amount 'pro:"<lted i!l~ closing, the parties gMll ~Cjust t~e prorations W:1en t8X statementlr
<br />for the curr~nt year ere 6vallable, rt taxes are not p~id at or I'riOr ~o closing, Buyer shall :lay
<br />taxes for the cu rrant year.
<br />e. R.OL.LBACK T~XES: Tf this sale or Suyer-'s use of ,he Property after ciosing re5~lIts in the
<br />assessment o~ additioMI taxes, per!31tias cr Intarest (ASse s ents Por ;;erlods prior t::J C:OSIr.;.J,
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<br />~, 01A -;'RfC NO, 9-5
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