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11
<br />ONE TO FOUR FAMILY RESIDENTIAL CONTRACT (RESALt)
<br />Uuc NOTICE: Not For Use For Condominium Transactions
<br />PORTUHITY
<br />Louise seals
<br />1. PARTIES: The parties to this contract are Lou Seller
<br />(Buyer). Seller agrees
<br />and �-0�5 �+m.o•8 Johnn Exam
<br />to sell and convey to Buyer and Buyer agrees to buy from Seller the Property defined
<br />below.
<br />2. PROPERTY: 31 -A & 35 Block 250
<br />A. LAND: Lot Addition, City of
<br />County of Lamar
<br />Paris 75460 (address /zip
<br />Texas, known as 2085 Fitzhugh
<br />code), or as described on attached exhibit.
<br />B. IMPROVEMENTS: The house, garage and all other fixtures and improvements attached to
<br />the above - described real property, including without limitation, the following permanently
<br />installed and built -in items, if any: all equipment and appliances, valances, screens,
<br />shutters, awnings, wall -to -wall carpeting, mirrors,
<br />ceiling fans, attic fans, mail boxes,
<br />television antennas and satellite dish system and equipmplumbing heating and lighting air-conditioning ture
<br />units, security and fire detection equipment, wiring, cleaning
<br />chandeliers, system, kitchen na p ns pe
<br />equipment, shrubbe y, landsca P ng 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 r ns randedrodsCebl blinds window shades, air
<br />draperieso and
<br />units, stove, fireplace
<br />rods, controls for satellite dish system, conrou p
<br />lnd f oolgarswimm swimming pool eequipment Band
<br />controls, door keys, mailbox keys, above g
<br />maintenance accessories, 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 />as the "P
<br />The land, improvements and accessories are conecuveiy re1C11au LU
<br />'3. SALES PRICE:
<br />A. Cash portion of Sales Price payable by Buyer at closing .. ....... .
<br />B. Sum of all financing described below (excluding any loan funding j
<br />fee or mortgage insurance premium) ....... • • • • . • • • • • • • • • • .
<br />C. Sales Price (Sum of A and B) ..................................
<br />4. FINANCING: The portion of Sales Price not payable in cash will be paid as onows: VATaurn
<br />applicable boxes below) mortgage loans in the total amount of
<br />❑ A. THIRD PARTY FINANCING: (excluding any loan funding fee r ortgage insurance premium).
<br />$ does not satisfy the lenders' underwriting
<br />(1) Property Approval: If the Property
<br />requirements 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) roved for the financing described in
<br />❑ (a) This contract is subject to Buyer being app
<br />the attached Third Party Financing Condition Addendum. fo r financing and does not
<br />❑ (b) This contract is not subject to Buyer being approved
<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 tst liens, an Addendum, If han townerapolicy of title
<br />described in the attached TREC Seller
<br />insurance is furnished, Buyer shall furnish Seller with a mortgagee policy of title
<br />insurance. Buyer shall deposit
<br />5. EARNEST MONEY: Upon execution of this contract by all parties,
<br />$500.00 as eamest money with
<br />as escrow agent, at with escrow
<br />(address). Buyer shall deposit additional earnest money of $
<br />agent within days after the eff ective date of this contract. If Buyer fails to deposit the
<br />earnest money as required by this contract, Buyer will be in default.
<br />6. TITLE POLICY AND SURVEY: x 's ❑Buyers expense an owner policy
<br />A. TITLE POLICY: Seller shall furnish to Buyer at ❑ Seller
<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 Sel subject to the �RE I NO a20 8 IP ge 1 of a
<br />and RAR Aso >> os -so -oa Initialed for identification by Buyer Phone:(903)782-990Fax: (903)7829172
<br />Coldwell Banker Regional Realty 3749 Lamar Ave., Paris TX 75460
<br />T4722286.ZFX
<br />Cade Stone Produced with ZipF o m® by zipLoga 18070 F fteen Mile Road, Fraser, Michigan 48026 www ziplogix corn
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