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286 and H 82 West <br />Concerning Corner �L y <br />Commercial Contract - Unimproved Property <br />B. Adjustment to Sales Price: (Check (1) or (2) only.) <br />® (1) The sales price will not be adjusted based on a survey, <br />The sales price will be adjusted based on the latest survey obtained under Paragraph 6B. <br />❑ (2) per. . <br />(a) The sales price is calculated on the basis of $ <br />❑ (i) square foot ofotal❑area total <br />Darea <br />net area. net area. <br />❑ (ii) acre of D t Property. Net area" <br />"Total area" means all Land area within the perimeter boundaries of the Prop y ` <br />(b) means total area less any area of the Property within: <br />❑ (i) public roadways; <br />' is -of -wa and easements other than those that directly provide utility services to the <br />❑ (n) ngh Y <br />Property; and <br />❑ (iii) % of the stated sales price, either party <br />Y <br />(c) If the sales price is adjusted by more than terminates this contract or if the <br />a terminate this contract by providing written notice to the other. party within ---- a <br />may art receives the survey. If neither party <br />after the terminating party es the ge, the adjustment to the sales price will be made to the <br />variance is less. than the stated percentage, <br />b Buyer. <br />cash portion of the sales price payable y as follows: <br />LACING: Buyer will finance the portion of the sales price under Paragraph 3A(2) — <br />4• FINANCING: loans in the total amount of $ <br />® A. Third Party Financing: One or more third party <br />This contract: <br />❑ (1) is not contingent upon Buyer obtaining third party financing. - <br />Bu ccordance with the attached <br />® (2) is contingent upon Buyer obtaining third party financing in a <br />Y <br />Commercial Contract Financing Addendum. Buyer will <br />Pro erty, which balance at closing will be <br />tion: In accordance with the attached Commhe ial Contract Financing Addendum, <br />❑ B. Assu____mp — promissory note secured by <br />assume the existing p <br />$ note and deed of trust from Buyer to Seller under the <br />❑ C. Seller Financing: The delivery of a promissory <br />term <br />s of the attached Commercial Contract Financing Addendum in the amount of $ <br />5. EARNEST MONEY:. 1 000 0o as earnest <br />A. Not later than 3 days after the effecQtive date, Buyer must deposit $ <br />money with. Stone title Can pans TX 7 46 <br />(escrow agent) at 33 I1?; is st. <br />(address). If Buyer fails to u er earnest <br />d pos snthe <br />Seller may <br />terminate this contract by providing written notice to Buy <br />earnest money and may exercise Seller's remedies under Paragraph with the escrow agent to be made <br />B. Buyer will deposit an additional amount of $ under Paragraph 76 expires; or <br />D (i) <br />part of the earnest days a b inate <br />fter Buyer's right to term <br />D (ii) if Bu er fails to deposit the additional a de uosit d the additional amoun . 5B <br />Buyer will be in default Y <br />within 3 days after Seller notifies Buyer that Buyer has not st moneypin an interest - bearing account at a <br />C. Buyer may <br />instruct the escrow agent to deposit the eareest to Buyer. <br />federally insured financial institution and to cre It any <br />-y�, Page 2 of 12 <br />0-18-05 Initialed for Identification by Buye, <br />and Selle.�Ql �--- <br />(TAR -1802) 1 U \ Montgomery - M <br />ichi an 48028 www zips °m <br />Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, M 9 <br />