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FROM (TUE)JUN 24 2008 13:47/3T,13:300.6880345645 P 18 <br />06/2412908 11: S7 9037829172 "GWELL BAN►CE2 REG PAGE 18/19 <br />12-10-QT <br />pROMULC3l►sEO eY'n-►E TflcAs REAi. EsralE coLWtsstoat (fREC) <br />THIRD PARTY FlNANCING CONDiT10N ADDENDUAM <br />~ <br />TO CONTFtACT CONCERNING THE PROPERfY AT <br />2iS2 Clas Paris <br />(Sv+eet Addnas etld C4V <br />8uyer sheli aPPN promvty for all finandng desctib+d bolow and rtraM evecy reasone6le eftort o0 <br />oblain approval tor me frnsnciV (Finandng ApProvat~ BWal shall fWmrsh ett intaffnatlon ana <br />documerft rec{uind by Icnder For Fnsnang Approval. FlrefciclQ APPmvsl witf be dewied to have <br />been obtalne0 when (1) the twm af the Ivan(s) doscnbed beldw are avaifable and (2) Iendcr <br />det,ermines that Bupr hes satfsfied atl of lendar's financial roqulromeft (thme itgms ^e1ati"9 m <br />Buyot': asesb, Inconte and caedit historY). {f Buyer cannot obteln FlrtancMg APprcvA SuYer maY <br />glvs wrttEen notiu hD Setier wimm aaya afW the eftCtlve dWA of !h ia cantract and tftta <br />oonvaa wYl mrminate and the earnest money wIA be refunded ec Buyer. If Buyer doee not g'eve <br />such notfce witAin the tirne hqulrad, t1t{s contmct v.itl no bnW oe subjW tn Ffnsnclnp <br />qpprovaL T1me is of the esalAh for thls pora0laih aAd sdlet complUnoQ 1NIfh tha t91pe <br />fpr PCr(Ottr{o11GQ ia reqltiNid. <br />NOME, FManan9 aPDravai does not Wucfie approv9i of lender`a undenwting iapuirpments fcr <br />the Proper(Y, ee specified in Paragraph 4Af11 ofthe concraci <br />Each naie muat Da smred by vendds and deed ot truO Hens. <br />.CHEGK IIPPIJCA9LE BOXES: <br />M A. CONYEN110NA1. FINANCING: <br />M (1) A ffM mcMPP loan in the prindpa► anmunt o! $ xaa, ooo. oo „(exdudtng <br />any firtanced PMI premiunn), du! In fUI) In 30 rear(s), witti trtter+es! no[ in <br />e~ooeed 6. 000 % per onnum for the fitst _20.^ Yeac(s) at the toan v~ Laan Fees <br />(loan arEylrtatlcn. d'scount, buN-doWn, ertd COtM'titnwnt fees) not tA exoeed <br />6. OCO % of the loan. <br />O(2) A sQOOM moroVe loon ln tht prtrtdpal 9mount of 3 (exCludirtg <br />any financed PM! pmcnlttm), due In full In Yea4s), un'th inbefest imat 60 <br />emed 96 per annum lar the first _ Year(s) o!' ft ban widh Loan <br />Fees (loan oAgimlon, db=n; buy-0own, and commltmerit fees) nvt to excccd <br />96 ot the loan. <br />00, TEXAB VE1'ERANS LOAN; A laen(s) from the Texas VeWans L8n4 eoeb vf $ <br />for e pertod in the tots! amount ot years at ft Inkmst rabe estabUshed kry the Teocas <br />VeGerans Land Boand. <br />p C. FHA tNSURED FINANCING: A SeCdor+ FME1 irmured loan of not less than <br />$ (ox.dudin9 anY ftwnCAd MIP). amortizable moMhly fOr tlot Iew 1h2n <br />w Yesrs, With intarest rmt to eic+~eed % per annum tor the flrst YeaKS) <br />of the loan wIR1 I,oan Fses (loan origlaatlcn, dtsoount buY4dourn. and oo'^mftmertt '(aes) not <br />to exoeed % or the ban. Aa reqvlred by Nuo-FHA. if PMA.►aluation Is unknawn. <br />hf fs exp►essly WMed thet 110hWthsfsRding any amer provistQn of Mis oor►bcct the <br />pyrc+,ser (euye4 snerr r,or be oord7ebe ro campwra the purrhase of the Proae•tY descrued <br />hereln or Ao Incur any peAeJQ► by favlfeihm of eemest md►ey deposts or oftrwiss unless <br />the purd►aser (Bcry94 haa been given, in acraordance wlEh NUQ/FHA or VA mquiremafts e <br />wrftn saabment lss+red by tl,e Federat Houslnq Comn,issianer, Deparbnent o1 Veterans <br />Aff'airs, or s Oh6Gt Endorsement Lender sat0r►Q foRh the appraisee »lue of the Property <br />of not loss man S. T?te pvnheser (Bulal shaA have fha pmriege end <br />op[ian af Omcseding w;th avnsumnistlon of the conbact wilfiout mpsrd to the emovnt of the <br />inioaled for Idendecacon by Buyer ind Seller ~l m",I TREC NO. 40-3 <br />(TqR 1901)12-10-0'7 Pape 1 0~ 2 <br />PrudutLOTcraRvpe*&29i9LnrAn. P+1rid 7540 MdmoIInzlc <br />P6a0C907~7ba-~lAl FCC~-78~d1~7 • 9akYlnM <br />~rrv~.-r•••~••~we~es.r~~Rer.tlNOnT~hIO.1~rJi0M~~ <br />w 000203 <br />