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FROM (TUE)JUN 24 2008 13:30T.13:31/No.6880345645 P 11 <br />' 06I24l2008 .11:57 9037829172 =-DwELL BaICR REG PAGE 11/19 <br />co*.+ct conamr+4+n Paoe 2 ef e 02-130Q <br />(/1Qd+sss d PIOD~b1 <br />the prov'aians oi tha 1"00 PvGcy. sublectlo ihe promutgatod ocdusions (including existfng pujtcting snd zoning <br />ordlnances) and the foUowing cxoBptionS: ' ~ <br />(1) Raat~icsfvve c~o+►e~nts comrnon ~ tfte p~letted 3UD~IWeion 1n wltich the Properry ~ <br />(2) Tho smndstd prlnad 4oooePt3on 1br sWdbp tee6, tlooss and SPO"MsntL <br />(3) Liens umabed as paR ot the f#nandng desclbed in Pacagraph 4. JOCRW (a) UtNty emmenta uq0ed by the dedlcetlon deed orplstoont~c! nr ~as~mey be apprvvsd bY ~ in wAdng. <br />(5) Resecvatbrts or exoeptmns othen~viae permkb~ bY ~ <br />(6) The standanl printed exWdon as► tio merital Vts. ~ce~ches~ aGeam~~ and relaced n~sttars. <br />Yne smndet~d prlt~d exoepqon gs to wob~rs. ddelende, In ena or boundery Gne~. <br />(8) The standard p~InOed exception as bo alscrependea oonflk.ls, stta~~ have the <br />encroachmsna or protrustonm, or ae~lapph~9 lmprovements. Buyor, at 8uyers acpet►5e, "naY <br />excepdcrt amended to read, 'shaft9es in araa". <br />B. COMMITMENT: WIMIn 20 days etler the Tltio CompanY recenres e c°Dy °f thix °°ntract SHler shalt fumish to <br />Buyer a cortMnltrna+t ror tltie irioxance (Commitrnent) ar+d, et Buyei's expertse, 1e9ble cDPies crf nesVidive <br />covevnts and aowmerrb ewieencing exoePdons in the commitrnent (FaocePdon Doaiments) oMer Oan the <br />sbndatd prinbed exceptl°"s• Sc:W aulhortm Ihe 'r'[ne Company tD delPver the Commltrnent and Excep6on <br />DocumwCB Co Buyer at Buye's address shvwr► in Fard9raph 21. If tha Cornrnitrrient and Exaepdon Oxunnents <br />aro not deGveced tA Buyer wNinr, the spedfied time, the dme far deliuery witl be sutomadcstlY exunded up to 15 <br />Qep or tlhe qosing oseo, wMc!►sveris earrier. rable 1p t~e ''iUe <br />0. SUiZvEY: Tne surv~y must be mada by o registat~cd Professioc~el land surveyor accep <br />Ccrtiparty and orty lendsr. (Chedc onc bmc only) <br />M (1) Wlthin - 7_ 4a!►s oftr tfie athcdve ddfC of tfif9 Coftact, Seller shall futiush to Buyer $nd Title <br />Compaity SoHers e*ng survwy ot tre Property and a Reeldenial Ree1 ProPotY Aftaavft pinmufgabed <br />by the Texas Deparanent of {nstirance (AfAdavit). It the existlng survey cr AMdivit ia not acoepabft <br />ia Title Comparry a Buyers lender, 8uI►ef 8ha11 obtaie a new su" at d SeRe$ 0 BuYers experm <br />no taber than 3 days pdor co Cks+rM Oate. If Se9er faUs m fumiah !he ocistlng survey er AfFidavk within <br />ft t)me pnewgee. Buyer shalt obtWn e new wn►ey at Sallefe evperM ne laoer Man 3 days pr(or bc <br />Clcejng Dcdfl. <br />0(2) Wthin day$ sRer 1he effedive daoe nf this oontract Buyer shatl oblain a new <br />survW at &ryert expense- Huyw is deerned to roceive tha swvey on the date of aetusl recetpt or the <br />_ ctah specified In this parageaPn. whichever is eariier. <br />O(3) Witlun days aftr the effective date of lhis centraA se►br, at SNler's 4xpenso <br />shall turnish s new munrey tD Buyer. <br />D. OBJEC7I70N3: 6uyer may objd In wridng f» dofects. excePtion`, or emmbrances bD tMa: dtaclosed on !he <br />aurvay other thsm ibems 8A(1) tltrouBh Cn above: dlSdesed in the Commitment otluf than itents 6A(1) through <br />(8) above; or WhICh prohiDt thc folwwing usa a' 9*n+My; <br />suyer n+ust oNea-noc Wter aurn m th. ckoslnq Date or (in s dsys aftr Buyer recalves the <br />commftment. ExcePW Docunma, amd the survey, wnbherar ts eacra. suyees tatture m object wAd,in the <br />Ume SIlowed wiN oonafiWft a wafYer of Buyer9 nphc to objn4 e=Pt Rhat the roqukertwntr, in schedule C oi <br />the Commitmerit am not wg►hred. Prvvided Sder is nat obGpated m inwr anY expense, SeUer shall cun tAe <br />tirtwy objecCivns of Buyer ar arry itird Darb I@rK%r wftn 16 dsys 8bP 8eftr recsIveS the DbJet.60t'td and d18 <br />closing DatQ wiU be eftnde4 es nsCeWry- If oDjer.tioaa are not cute0 wilnin stich 15 dsy pehod, thls contrad <br />wiil terrygnete end tl+e esmeat moneY will be refiunded to Buyer untOSS Buyerwalvas 4hs cbJections. <br />E TiTLE N017CE3: <br />(1) ABSTRAGT OR ME POUt."Y: BrOW advlaas 6uyer tD ttiave an absbact of tlYtle ooverin9 the Prop" <br />examined by 0n sttnrney of 8uyers seieeson, or Buyer shouw be tumtshed wkh or obtain a Td1e Pollcy. If a <br />Title Pdky ts tumWied, !!t• Commitmertt should he prvmpty reviewed bY an atmmoy vf Buyers cheice <br />due to !he tirna Umita~ons on BuyEr's dght bo °bject <br />(2) MANa4TORY OWNERS aSSOGATION ME1uBERSHIP: The Prope,b 0Iv 3 na"da~y owners' <br />mombetohlp Ih sn own~cs' as~odetion- If tne PnopeRy ts 3ubjea to Pr►andat~ocy ~ ~ <br />associatiort. Saller notKles Buyer under §5.012, Teos PtnpertY Code, that~ ~a s purclt$ser of PrepeRY ~n the <br />re9idwt81 eommunity In which-lhe Property ia lxated. You ue obUSiated bD be a rnember of tie owners' <br />aisocbUon. Resbricaive covsnNra gove7in9 tt+e use srfd xcupancY o! Me Property and a dedicaWry <br />instrument goveminy tNe estaWishm*^G "i^tem^u, and oceration of this resklendal cammunity have <br />boen or will be recoMl4 In " R6a1 Prflperry Recorda ot me countyin,wv~ ~~PM~Yntv 10~rJerit ~ ou Copies <br />ar me resu=vc rmvuna•iu a.W ,~.....o.,.. TREC N0. 2a7 <br />Int~aLed br idor~ti5catian by eu~►er 9nd Sellef Pege 2 of 9 <br />..r. e~ •..nw ~f ♦ 9 nO . . ua ~weJ. i <br />- UOC1196 <br />