2009-016-ORD REZONE 3700 BONHAM - Laserfiche WebLink

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Corner of Loo 286 and H 82 West Commercial Contract Financing Addendum concerning +ailments Buyer (9) De osits for Taxes and Insuranceileroaetrorratiahpart principal and valorem taxes ❑ will ❑ will not deposit with S P on the Property and a pro rata part of the estimated annual insurance premiums for t e improvements on the Property. (a) If Buyer deposits taxes and insurance and may belinsufficientBtoypay total taxes and insurance insurance deposits are only estimates and y premiums. Buyer agrees to pay any defici nccyis a dlefau0ltuanderr the deeld of trusts Buyer of any deficiency. Buyer's failure to pay the deficiency (b) If any superior lien holder on the Property insurance ollecosi sits tSellertunderathis insurance, addendum is requirement to deposit taxes ents are being made to the superior lien holder. inoperative so long as pay lien constitutes a default under the deed of (10)Any event that constitutes a default under any superior trust securing the note. (11) The note will include a provision for reasonable attorney's fees for any col .lectiIon cti n. found in the (12) Unless the parties agree Bay o'Texas Rearl E tate Forms Manual withourt any additional clauses. of the note and loan current edition of the State ❑ D. CREDIT APPKwHU roval or seller financing, Buyer will deliver (1) To establish Buyer's creditworthiness for assumption app days after the effective to Seller the following information (Buyer's documentation) within ______— date of the contract: F1 (a) verification of employment, including salary; ❑ (b) verification of funds on deposit in financial institutions; ❑ (c) current financial statement; ❑ (d) credit report; ❑ (e) tax returns for the following years ❑ M Bu er does -not timely deliver Buyer's documentation or Seeller determines, in terminate the contract le by (2) If Y discretion, that Buyer's creditworthiness is not acceptable, ays after the date Buyer must deliver Buyers giving written no. tice to Buyer not later than ____ -- documentation under Paragraph D(1) and the earnest money, Tess any independent consideratior under Paragraph 713(1) of the contract, will be refunded to BaveeaccepteldrBuye►'s credit timely terming E the contract under this paragraph, Seller will be eem ❑ E. SPECIAL PROVISIONS: W, - Date Buyer reY Martin Buyer L Martin Seller Ma Montgome DatE Seiler (TAR -1931) 10 -18 -05 Fraser, Michigan 46026 Yl zio_ L__ mix com Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, DatE Page 3 of Montgomery - M