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Corner of Loo 286 and H 82 West <br />Commercial Contract - Unimproved Property Concerning <br />B. Ad'ustment to Sales Price: (Check (1) or (2) only.) <br />@(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 undeerParagraph 6B. <br />(a) The sales price is calculated on the bas►s of $ p ; <br />❑(i) square foot of ❑ total area ❑ net area. <br />❑(ii) acre of ❑ totai area ❑ net area. erimeter boundaries of the Property. "Net area" <br />(b) `meanls total area i ss Iany a~rearof the~tP opert within: <br />❑ (i) public roadways; <br />❑ (ii) ri9hts-of-way and easements other than those that directiy provide utility services to the <br />Property; and <br />% of the stated sales price, either party <br />(c) If the sales price is adjusted by more than <br />rovidin written notice to the other.party within ays <br />may terminate this contract by p g <br />after the terminating party receives the survey. If neither party terminates this contract or if the <br />variance is less than the stated percentage, the adjustment to the sales price will be made to t e <br />cash portion of the sales price payable by Buyer. <br />Bu er will finance the portion of the sales price under Paragraph 3A(2) as follows: <br />4. FINANCING• . y • <br />21 A. Third Partv Financinq: One or more third party loans in the total amount of $ <br />This contract: financin ❑(1) is not contingent upon Buyer obtaining third party financg g in accordance with the attached <br />~(2) is contingent upon Buyer obtaining third p Y . <br />Commercial Contract Financing Addendum. er will <br />B. Assum tion: In accordance with the attached Cob the mercial Property, Contract whichFinancing balance at Addendum, closing uy will be <br />~ romissory note secured y <br />assume the existing p <br />er Financin : The delivery of a promissory note and~a ndum inrustthefbmountrom of Seller under t e <br />$ Se ll <br />❑ C. nancing <br />terms of the attached Commercial Contract Fi <br />5. EARNEST MONEY:. 000 00 'as earnest <br />A. Not later than 3 days after the effective date, Buyer must deposit $ 1 <br />money with stone Title Com an <br />(escrow agent) at 33 Nw is st. Paris Tx 7 46 <br />(address). If Buyer fails to timely deposit the earnest money, <br />terminate this contract by providing written no~iae ra°hB 5er before Buyer deposits the <br />Seller may <br />earnest money and may exercise Seller s remedies under a 9 p With the escrow agent to be made <br />B. Buyer will deposit an additional amount of $ <br />part of the earnest money on or before: <br />0 (i) days after Buyer's right to terminate under Paragraph 76 expires; or <br />C7 <br />Buyer required will be in default if Buyer fails to deposit the addi{i{ime1 a deposited the add tlonal amoun Ph 5 <br />within 3 days after Seller notifes Buyer that Buyer has no <br />ct the escrow agent to deposit the earnest money i~ an interest-be a ring account at a <br />C. Buyer may instru <br />federally insured financial institution and to credit any interest to uye <br />~and Selled'o~ Page 2 of 12 <br />-1802 10-18-05 Initialed for ldentification by Buye(~i~-, <br />(fAR ) U \ <br />zioLoaix eom Montgomery - N1 <br />Produced with ZipForm~ by zipLo9ix 18070 Fifteen Mile Road, F2ser, Michigan 48026 ,~,ww <br />a P(1PP51 <br />