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<br />, ~UG-29-2007(WED) 11:08 <br /> <br />Stone Title <br /> <br />(FAX}903 785 6792 <br /> <br />P.002l018 <br /> <br />(S) <br />'-- <br />-" <br /> <br />PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TRee) <br /> <br />02.13-06 <br /> <br />UNDMPROVEDPROPERTVCONTRACT <br />NOTICE: Not For uac For Condominium Transactions <br />1, PARTIES. U., I . ..-t.$ C!. -r;; e.,S, 1; s GCI\CI'A \ fi..tncl".sh,' <br />(Seller) ag~ ~n convey to.oJ.M:. . e. <br />(Buyer) and Buyer agreesp;o Duy from "Self! r t e PropertY escrlbe be w. <br />~ PROPER : Lot "...Ii' . B~J'~' R dJ.\~ Russ~ \\ f.: <br />City of . ~, . It unty 0 0 l DO <br />Texas, known as " .."'. . <br />(address/2:Ip code, or liS eScrt Q en attac ex I It toge er wi a rlgl ts, p'nv ages and <br />appurtenanees pertirining thereto, Including bLlt not UmiteC2 to: water rights. C:l<ilrn$, permits, <br />stl'lps ancl gores, easements, and c:DopcratJvr: or l:J$socletlon memberships (the Propert'{). <br />3. SALES PlaCE: ' \." 5 "'I S <br />A. cash portion of sales Price payable by Buyer at closing .................. $ I J ^t) . () 0 <br />B. Sum of all financing described below (ClCCludlng any loan funding <br />fee or mortgaga Insurance premium) .................................Uh...a.... $'lL- <br />C. Salas Price (Sum of A !!lncl B) ..................................................... $ I"; I a.D3. 0.' <br />4. FINANCING: The portIon of sales Price not payable in ca$h will be paId as follows; (Chec:Jc <br />~pllc:able boxes below) <br />I.J A. THIRD PARrY FINANC:tNG: One or more third parly mortgage loans In the total amount of <br />~ (excluding any loan funding fee or mortgage Insurance premium). <br />(1) Propertv Approval: If I:tac Property does not satisfy the lenders' underwrltlng <br />requirements for the loan(s), this contract will tcrmlni!1te and the earnest money will be <br />refLInded to Buyer. .. <br />(.2).Elnanclng Appraval: (Chedc one box only) <br />o (a) Thlli contract 15 $UDject to Buyer tieing approved for the financing C2escrlbed In the <br />attached Third Party FInancing ConditIon Addenclum. . <br />o (b) ThIS contraCt Is not subject to ESuyer being approved for financing and does not <br />Involve FHA or VA finanCIng. <br />CJ a.ASSUMPTION: The assumpticm of tile unpaid principal balance of one or mar~ promissory <br />,.... notes described In the attached TREe L.clan Assumption Addendum. <br />i0oi C.SELLER FINANCING: A pJ'CImlssOry note from Buyer to Saller or $ . <br />secured by vendOr'S and deed of trUst lieM, and containing the terms and eonditlans <br />descrfbed In the attached TREe Seller Financing Addendum.,If an owner policy of title <br />insurance Is furnished, Buyer shall Nrnish Seller with a mortgagee polh:y of title Insurance. <br />S. EARNEST MONEY: Upon execution 0 is c:o~ct both p.!rtles, Buv~1' shall deposit <br />$ 'O,OCC.~~ as ea ~t C?n Ith -nt'1f. 'J: . <br />as c:oCl'OW agent, at '/' . . <br />(address). Buyer shall depOSit a itiona eamcst money 0 <br />ogent within _ dayS aft~r the effective date of thIS r:ontract. <br />earnMt money as requlrecf by this contrac:t, Buyer will be In default. <br />6. TtTLE POUCY AND SURVEiY: <br />A. l!T1.E POLlCY: Seller shall fumbh to Bu rat !her's Oauyer'$ ~ se an Ower policy of <br />title Insurance (TItle Policy) Issued by. ff: ~ <br />('Iitle Company) In the amount ot the sa Price, ate a or a r 109. nSUrlng Buyer <br />against lass unCler the provisions of the Title Pollc:y, sul:ljed: to the prcmulgated exClusions <br />!lnclUdlng exISting building and ~onlng ordinance::) Dnd the fOllOWing. exceptions: <br />1j Restrictive covenants common to the platted subdivision In whlcn the Property IS located. <br />2 The standard printed ~ceptlon for standby fees, taxes and assessments. <br />3 Wens created as part of the flnancing described In Paraoraph 4. . <br />4 Utility easements created by the dedlCatlon deec1 or plet of the subdivisIon In which the <br />Property Is located. <br />(5) ReservatiDm; 01" exceptlons otherwise permitted by this (;Qntr..lctor as may be approved by <br />Buyer In writing. <br />(6) The t;tandard printed exception as to marital rig hts. <br />(7) The $tandQrd printed exception as to waters, t1dclanClS, beaches, streams, and related <br />matters. <br />(B) The standa~ printed exception as to discrepancles. conflicts. shtJrtages in area or boundary <br />lines, encroachments or protnJslcm;, or cwerlappi!l9 lrTJl'rovemenlS. auy~, at auyer's expel'l:lc, <br />may_have tile exceptIon amended to read, -shcrmges In area-. <br />a. COMMITMENT: Within 20 days after 'the "tIe eClm,,;"y rtc:elves 8 copy of this contract. Seller <br />shall fuml$h to Buver.a commitment for title Insurance (COmmItment) and, at ESuyer's <br /> <br /> <br />Inltlalea for ldontll'leatlon by Buver <br /> <br /> <br /> <br />TRee NO, 9.6 <br /> <br />010/200 'd <br /> <br />2&,9 58L EO&(X~j) <br /> <br />aI:!)l auo:!s <br /> <br />52: Ii (3nUL002-VO-d3S <br /> <br />T r"1r .-", <br />