Laserfiche WebLink
Commercial Contract Financing Addendum concerning Corner of Loo 286 and H 82 West <br />g f lmenLZ, (9) De osits for Taxes and Insurance: Toaethor with the ofrthepestimatedtannuainad Ivalorem taxes <br />will ❑ will not deposit with Seller p <br />on the Property and a pro rata part of the estimated annual insurance premiums for the <br />improvements on the Property. the and <br />(a) If Buyer deposits taxes and insurance depoatsiinsuffilceentBto pay gotal taxes and taxensusance <br />insurance deposits are only estimates and m y be <br />premiums. Buyer agrees to pay any deficiency within 30 days after Seller notifies Buyer of any <br />deficiency. Buyer's failure to pay the deficiency is a default under the deed of trust. men (b) If any superior lien holder on th tl PnSPea ce codeposiliects th tSeiler taxes <br />undera this naddendum is <br />requirement to deposit taxes an <br />inoperative so long as payments are being made to the supenor lien hoider. <br />10) Any event that constitutes a default under any superior lien constitutes a default under the deed of <br />~ trust securing the note. <br />(11) The note wili include a provision for reasonable attorney's fees for any collection action. <br />(12) Unless the parties a9ree otherwise, the form of the note and loan doc umant addit onal clauses.he <br />current edition of the State Bar of Texas Real Estate Forms Manual wtt o y <br />D. CR~.U► ~ Hrrrcvvr,~ . _ - - <br />roval or seller fnancing, Buyer will deliver <br />(1) To establish Buyer's creditworthiness for assumption app days after the effective <br />' to Seller the following information (Buyer's documentation) within <br />date of the contract: ❑(a) verification of employment, including salary; <br />❑(b) verifcation of funds on deposit in financial institutions; <br />a (c) current financial statement; <br />❑ (d) credit report; D (e) tax retums for the following years <br />❑ (fl sole (2) If Buyer does not timely deliver Buyees documentation or Selema e te minate the colnt act by <br />discretion, that Buyer's creditworthiness is not accedays afteethe date Buyer must deliver Buyer's <br />giving written notice to Buyer not later than <br />documentation under Paragraph D(1) and the earnest money, less any independent consideratior <br />under Paragraph 76(1) of the contract, will be refunde~ d to aveeacc pteldrBuyer's creditely terminatE <br />the contract under this paragraph, Seller will be deem <br />D E. SPECIAL PROVISIONS: <br />Buyer Martin Date <br />rey <br /><h~- <br />Date <br />Buyer L Ma.rtin <br />'-O ` <br />Montgome DatE <br />Seller ~ <br />eller <br />(fAR-1931) 10-18-05 <br />Produced with ZipFormG bY ZiPLo9iX 18070 Fifteen Mile Road, Fraser, Michigan 48026 www zip_ Loa~X ~°m <br />DatE <br />Page 3 of : <br />Montgomery - M <br />m (?~PW6~ <br />