05-A Zoning Change Request 2885 Stillhouse Rd

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dW6~29-200HWEO) 11:' 0 StonE: Title (FAX)903 785 6792 P.005/018 ContnctConcemlng We;t~,~ i)f= ~*,\\~ lU., U)'f\4.t" Co. s:.l ~u.L1I\aoJ PIIl",t Page 40t8 02~1J.06 (Addrc:l. of Prapllrty) (Clofllng Date). If either party fail!i to dose the ~Ie by the Closing Oate. the non-defaulting partY may exercIse the remedies c:ontalned In Paragraptl1S. B. At closing: (l)Se&ler shall execute and deliver a general warranty deed conveying title to the propertV to Buyer' Clnd showing no DdditloOl~1 exceptions to those pCnllit.tr:ld in PIl11l9nlph Iii and l\Irnlsh tax $tatements or certificates showIng no delinquent taxes on the Pro&:lerty. (2)Buver shall pay the Sales PrIce In good funds acceptable to the escrow agent. . . (3)5efler and Buyer $hell mcecute anl1 deliver Bny notices, statements, ceftlflCl1toS, :lfflClovlt$, rcl~C$, loan dcc:umcnl:i Bnd other documents required of them by this contract, the Commitment or law necessary for the clClSlng of the sale and the IsSuance of the llt1e Policy . C. Unless expre:s:ly prohibited bV written agrcamcnt, Seller may continue to show the property and receive, negotiate and ac::c:ept back up aKers. C. All covenants, representations and warranties In this contract survive cIO&ing. 10. POSSESSlON: Seller shaU deliver to Buyer possesslcn of the PTopertv In Its present or required condition upon closIng and funding. l1.SPSc:tAL PROvrsJ:ONS: {In::ert only factuol statements and business details applicable to the sale. TREe rules pruhlblt licensees frem adding factual $tatemen~ or bu~lnes$ detail' (or which a contract addendum or other form ~ beQn prornulg:sted by TREe for mandatory use.) SQ.o. S'reciCLI .PyoVIS1QNS Attftched 12.SETTLEMEN'r AND OntER EXPENSES: A. 111e following ex~nses must be oaid at or prior to c1O$ing: (l)&penses pa~blc by seiter (seiler'S Expenses): (a) Releases of existing liens. including prepayment penalties and recording fees; release of Seller's loan IInbllll.y; tax statements or certificates; preparation of deed; one--halt of escruw fee- and other expenses payable by Seller under thl$ contr'Clct.. (b)SeI\er shall alSD pay an amount not to exceed $ to be applied in the following order: Buyer"s Ex~liIn~ which Bl.IYer is prohibited frcm paying by FHA. vA, Texas Veterans Housing Assistance progrt3m or other governmental loan programs. and then to ather Buyer's expenses as allowed by the lender. (2) Expenses payable by Buyer (BUyer'S Expenses); (a)l.oan origination, discount buy-down, and commlttnent lees (Loan Fees). (b)ApPic11N1 fees. Io&n application fees: c:redlt reports; preparation of loan do~men~; Intere&t on the notes from dJ!lte Df dISbursement to one month prior to dateS of first monthly payments; recordIng fees; copie$ of easements and restrictions: mortgagee title policy with endorsemt!nl:S ~ulred by lender; lean-related Inspec:tlon fees;. pllotos; amortization schedules; one-hAlf of escrow fee; all prepaid Items. In.:ILldil'lS! required pr<emlums for flood anCl hazard Insurance, reserve degO$itz; far Insurance. ad wlorem taiKe$ and spec:lal gavemmental aS5eS5mCllntl:; Anal compliance Incpectlon; courlcr fee; repair Inspection; underwriting tee; wire transfer fee: expense:: InclClent to any IDan; ~nCl other expenses payable by Buyer under thill: contract. B. Buyer shall pay Private Mortgage Insurance Premium (PMI1, VA L.gan Funding Fee, or FHA Mortgage Insurance Prumlum (M1P) as required by the lender. . C. IF eny expense exceeds an amQUnt expresslY seated In this contract Ibr such expense to be paid bv a part}', that part.y may tenninate ttils contract unlcss the ather J:larty agrees to pay such excess. BLlver may not pily charges and fees expressly prohibited by FHA. VA, Texas Veterans Housing ASSistance ~~~m or other gDvemmentallaan program regulations. Initialed for ldentlfl=tlon by Buy~r I~ /1 ~ and Seller ~ 1\~ TREe NO. 9-6 , 1>\ OIO/SOO.d 25L9 SBt E05(XU~) an H auo~s 92:11 (3nl)L002-~O-d3S r-rlr--