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Commercial Contract - Unimproved Property Concerning Corner of Loo 286 arid H 82 West B. Ad'ustment to Sales Price: (Check (1) or (2) only.) ~(1) The sales price will not be adjusted based on a survey. - ❑(2) The sales price will be adjusted based on the latest survey obtained under Paragraph 6B. per: . (a) The sales price is calculated on the basis of $ ❑(i) square foot of ❑ total area 0 net area. ❑ t tal area ❑ net area. 4 ~ A. Third Partv Financina This contract: ❑(1) is not contingent upon Buyer obtaining third party f financg in accordance with the attached ~(2) is contingent upon Buyer obtaining third party 9 . Commercial Contract Financing Addendum. ❑ B. Assu in accordance with the attached Commhe Adncedenat c I si guyw II bel assume the existing promissory note secured by Perty $ ' ❑ C. Sell= ncin : The delivery of a promissory Addendumf trust from of ~to Seller under the terms of the attached Commercial Contract Financin9 5. EARNEST MONEY: A. Not later than 3 days after the effective date, Buyer must deposit 000 00 - as earnest money with Stone Title Com an 4 (escrow agent) at 33 NW is t. Par' s X 7560 (address). If Buyer fails to timely deposit the earnest money, Seller may terminate this contract by providing S under Par graphB 5 er before Buyer deposits the earnest money and may exercise Seller s remedie With the escrow agent to be made B. Buyer will deposit an additional amount of $ part of the earnest money on or before: 0 (i) days after Buyers right to terminate under Paragraph 76 expires; or ❑ (ii) Buyer will be in default if Buyer fails to deposit the noltitimely deposited the additiothis nal amountPh 5 within 3 days after Seller notifes Buyer that Buyer has C. BuYer may instruct the escrow agent to deposit the ea t eest to Bu er an interest-bearing account at a federally insured financial institution and to credit any in z8v y~,, Page 2 of 12 AR-1802) 10-18-05 Initialed for ldentification by Buye~ and SelledQ ~ U ~ www zioLoaix.com Montgomery - M produced with ZipForm~ by zipLogix 18070 Fifteen Mile Road, F2ser, Michigan 48026 . 000078 ❑ (n) acre of o (b) "Total area" means all land area within the perimeter boundaries of the Property. "Net area" means total area less any area of the Property within: ❑ (i) public roadways; ❑(ii) rights-of-way and easements other than those that directly provide utility services to the Property; and ❑ (iii) % of the stated sales price, either party (c) If the sales price is adjusted by more than may terminate this contract by pro sid he sur rven tneither party terminates this contract or f the after the terminating party receive Y. If variance is less than the stated percentage, the adjustment to the sales price will be made to the cash portion of the sales price payable by Buyer. FINANCING: Buyer will finance the portion of the sales price under Paragraph 3A(2) as follows: : One or more third party loans in the total amount of $