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<br />'HUG-29-2007lWEO) 11:09
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<br />Ston~ Tale
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<br />(FRX)903 785 6792
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<br />P.003/018
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<br />Colltr.et Conctrnll'lG W4S;' s\~~ or:;. <;+, \\~ ft.t LA'MIl.Y"Co, 2~3Jc.l.{n"o, elQlt\$ PliO- 2 af8 02-13-OG
<br />IAdd~ or Pl'f>>~Ql't'I'l
<br />expensa, legIble copies of restrictive covenantS and documents evidencing exceptions In the
<br />Commltmant (Exeeation Documents) other than the standard prlntad ~ccptiOM. Soller
<br />authorizes the 'ntle I:ompany to deliver the COmmitment and =:ceptlon Documents to Buver at
<br />Buyer's address shown In Paragrap-,", 21. If the Commitment :Jnd exception Documents are not
<br />delivered to Buyer wlthin the $p~Clfied time, the time for dQllvery will be i/lutamntlcully extended
<br />up to 15 dayS or the Closing Date, whIchever Is earlier.
<br />C. SURVEY: The survey must be made by a regIStered ~rofessJonal land surveyor accep,table to
<br />c Title ~ClmpDny encJ any lender. (Chedc ~me !:lox onlY)
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<br />and ntle Company SeUer's exlstlng .survey ot the Property and ~ lei ReGl
<br />propertY Affidavit promulgated by the Texas Department of ffidaVIC)', If the
<br />existing survey Clr Affidavit is not accepm,ble to ntle or Buyer's lender, Buver
<br />shall obtain a new survey at Cl Seller's I..J Su ense no later than 3 days prior to
<br />Closing cate. If Seller falls to rumls sting surveyor AffJdavlt within the time
<br />prescribed, Buyer 5h~11 obtai w survey at Seller's expense no later than :3 days
<br />prior ~o Closing Date
<br />o (2) Within s after the effective date of this CQnb'ac:t, Buyer 5h:sll obtain a new
<br />SUN uyel'ls expense. Bu~r Is deemed to receive the survey an the date af actUal
<br />-./ ., leI.
<br />lEI (3) Wlmln go days after the effeCtive cia e af this cantmct, seller, at Seller's expense
<br />shall fum~h a new :iUl'VCV to Buyer.
<br />D.OBJf:CT10NS: Buver may objQCt In wrltlng to CJ) defects, exceptions. or encumbrances to title:
<br />disclosed on the !:urvcy Other than Items SA(1) through (7) above; or dt:clO"..cd In the
<br />Commitment ather than Items 6A(1) through (8) above; (II) any portIon of the Prope~ lying In
<br />a spedal flood ha::ard area [Zone V 01' A) as shown on the current Federal Emergency
<br />Manage t Agene- map; or (III an exception whi problb t ~ fol O~I or .actMty:
<br />J.. I Cct.l .; '" I ~,' ur-
<br />Buyer muG!: obJGCl: n&:lt later than (I) the Closing Date or (II) ~ Clays af1;ar' Buyer receives tne
<br />Commitment, exception Documents, ami the survey, whlCnever Is earlier. Buyer's failure to
<br />object within the time allowed will C;Q~t1tuto OJ waiver of Buyer's right to ob1ect; except that the
<br />requirements In Schedule C of the COmmitment are not waived. Pravlcled S"eller Is not obligated
<br />to Incur any expense, Seller snail cure the tlmelv abJectiOt1s of Buyer or l,Iny thlrcl partv lender
<br />within lS da~ afWr seller receives the objectiOns and the Closlng Date will be ClICtendeCl as
<br />necessary. If abjections are not cured wltllln such lS clay period, this contract will tenninatc .
<br />and the earnest money will be refunded to Buyer unless Buyer waives the objed:IDn5.
<br />E. TITLE NOTIC:I!S:
<br />(1) ABSTRACT OP. 'TITLE POUCY: Broker ad"ltises Buyer to have an abstract of title covering the
<br />Property examined by an attame)" of Buyer'/; $CIactlon, or Buyer should be furnished with or
<br />obtain a lltla Policy. Ir a Title Pelley IS furnished, the Commitment Should be promptly
<br />reviewed by an attorney of 8uyer's Choice due to the tlme limitations on Buyer's right to
<br />ob'ed:.
<br />(2) M~NOATORV OWNERS' ASSOCIATION MEMBeRSHIP: The Praperty Clls ~;$ not GubJect to
<br />mandatory membership in an owners' assoCiation. If the propes:tY Is $u'b1ect to maniiatory
<br />membership In an owners' a=:oelatlon, Seller notifies B~r under 15.012, iexas Prcpe&:tY
<br />Code, chat, as a purchaser of property 'In the residentlel c;ornmunitv In whlcfl tne
<br />property IS located, you an! Obligated to be a member of the owners' C1ssoclatlan. R.estrlcthte
<br />covenants govemlng the use and occLlpnney of the Property and a dCldic:atory Instrument
<br />governing the establishment, maintenance, Bnd opelCltion of thlsl re5ldcntlal cClmmunlty
<br />have been or will be recorded In the R.eal ProPertY Records of the ccl.lnty In which the
<br />Property Is located. Caples of the restrictive c:ovonants and dedicatory Inswment may be
<br />ob=lnei:1 from the county dc:rk. You are obligated to pay Qssessmen~ to the owners'
<br />association. Tne amount of the assessmont5 Is subject to chan_ge. YOLlr f;!/Iure to pay the
<br />assessments could result in B lien on and the foreclosure orthe Property. If euyer 1$
<br />concemed about these matters, the TRee promulgated Addendum tar Property Subject ta
<br />Mandatory MembershlpJ~ an Ownl!ll"s Association snouJd be wed.
<br />(3) STATUTORY TAX DISTRICTS: If the prop'e~ ~ situated in a utllll:V or other statutorily
<br />created distrIct providing wl.\ter, sewer, ClraJnage, or flood control taclUtles and sarvlce5,
<br />Chapter 49, ,.~S water Code. requlrd Seller to deliver and SINer to sign the statutory
<br />notice relating to the tax rate, bonded indebtedl'\e5s, Or standby fee af the dtstrla prior to
<br />final executiOn af thIS contract.
<br />(4) nee WATERS: If the PropertY abut:: the tidally influenced waters of the state, 633.135,
<br />Texas Natural Resources Code, ~ulres a notIce regarding coastal area propertY to be
<br />Inelude1:l in the contract. AI"! addendum CCln~lnlng the notice promulgated by TP.EC or
<br />required b'i the parties must: be used.
<br />(5) ANNEXA110N: If tne Propertv Is located outSide the limits of a munic:ip~JII;v, Seller notifies
<br />euyer under jS.Oll, Texas Property' Code, that the PropcJ'ty may now Or fatQr be Included
<br />in the extraterritorial juris I on of a munlc:lpnlil:y and may now or later be subjElct to
<br />Initialed for IdentIfication by Buyer ~ and Seller 'l-~ TREe NO. 9-6
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<br />52:1l (3nl)L002-VO-d35
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