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PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC) 06-30-08
<br />= ONE TO FOUR FAMILY RESIDENTIAL CONTRACT (RESALE)
<br />NOTICE: Not For Use For Condominium Transactions
<br />1.
<br />2.
<br />PARTIES: The parties to this contract are Louise Seals (Seiler)
<br />and Lo;s 4-&.e Johnn EXuu (Buyer). Seller agrees
<br />to sell and convey to Buyer and Buyer agrees to buy from Seiler the Properry defined below.
<br />PROPERTY: 250
<br />A. LAND: Lot 31-A & 35 Block Addition, City of
<br />Paris , County of
<br />Texas, known as 2085 Fitzhu h 75460 (address/zip
<br />code), or as described on attached exhibit.
<br />B. IMPROVEMENTS: The house, garage and ail other fixtures and improvements attached to
<br />h f Ilowin ermanently
<br />3.
<br />4.
<br />5.
<br />6.
<br />~
<br />~
<br />the above-described real property, including without limitation, t e o g p
<br />installed and built-in items, if any: all equipment and appliances, valances, screens,
<br />shutters, awnings, wall-to-wall carpeting, mirrors, ceiling fans, attic fans, mail boxes,
<br />television, antennas and satellite dish system and equipment, heating and air-conditioning
<br />units, security and fire detection equipment, wiring, plumbing and lighting fixtures,
<br />chandeliers, water softener system, kitchen equipment, garage door openers, cleaning
<br />equipment, shrubbery, landscapmg, outdoor cooking equipment, and all other property
<br />owned by Seller and attached to the above described real property.
<br />C. ACCESSORIES: The following described related accessones, if any: window air conditioning
<br />units, stove," fireplace screens, curtains and rods, blinds, window shades, draperies and
<br />rods, controls for satellite dish system, controls for garage door openers, entry gate
<br />controls, door keys, mailbox keys, above ground pool, swimming pool equipment and
<br />maintenance accessones, and artificial fireplace logs.
<br />D. EXCLUSIONS: The following improvements and accessories will be retained by Seller and
<br />must be removed prior to delivery of possession:
<br />The land, improvements and accessories are collectively referred to as the "Prnnartv"
<br />SALES PRICE:
<br />A. Cash portion of Sales Price payable by Buyer at closing . . . . . . . . . . . . .
<br />B. Sum of all financing described below (excludmg any loan funding
<br />fee or mortgage insurance premium) . . . : . . . . . . . . . . . . . . . . . . . . . . . .
<br />C. Sales Price (Sum of A and B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br />FINANCING: The portion of Sales Price not payable in cash will be paid as touows:
<br />applicable boxes below)
<br />❑ A. THIRD PARTY FINANCING: One or more third party mortgage loans in the total amount of
<br />$ (excluding any loan funding fee or mortgage insurance premium).
<br />(1) Property Approval: If the Property does not satisfy the lenders' underwriting
<br />reqwrements for the loan(s), this contract will terminate and the earnest money will be
<br />refunded to Buyer.
<br />(2) Financing Approval: (Check one box only)
<br />❑(a) This contract is subject to Buyer being approved for the financing described in
<br />the attached Third Party Financing Condition Addendum.
<br />❑(b) This contract is not subject to Buyer being approved for financing and does not
<br />involve FHA or VA financing.
<br />❑ B. ASSUMPTION: The assumption of the unpaid principal balance of one or more promissory
<br />notes described in the attached TREC Loan Assumption Addendum.
<br />❑ C. SELLER FINANCING: A promissory note from Buyer to Seller of $ ~
<br />secured by vendor's and deed of trust liens, and containing the terms and conditions
<br />described in the attached TREC Seller Financing Addendum. If an owner policy of title
<br />insurance is fumished, Buyer shall fumish Seller with a mortgagee policy of title
<br />insurance.
<br />EARNEST MONEY: Upon execution of this contract by all parties, Buyer shall deposit
<br />$ 500 . 00 as eamest money with as escrow agent, at with escrow
<br />(address). Buyer shall deposit additional earnest money of $
<br />agent within days after the effective date of this contract. If Buyer fails to deposit the
<br />earnest money as required by this contract, Buyer will be in default.
<br />TITLE POLICY AND SURVEY:
<br />A. TITLE POLICY: Seller shall furnish to Buyer at [@ Seller's ❑ Buyer's expense an owner policy
<br />of title insurance (Title Policy) issued by
<br />(Title Company) in the amount of the Sales Price, dated at or after closing, insuring Buyer
<br />against loss under the provisions of the Title Policy, subje t to the promulgated exclusions
<br />(TAR 1601) 06-30-08 Initialed for identification by Buyer and Seller TREC NO. 20-8 Pa9e I ota
<br />Phone:(903)782•9800 Faz: (903) 782-9172
<br />Coldwdl 8anku Regional Realry 3749 Lemar Ave.. Paris 7X 75460
<br />Cade Siona Produced with ZapFormO by zipLogoc 18070 Fifteen Mile Road, Fraser, Michgan 48026 www.zipLociix.com T4722286.ZFX
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