2008-025-ORD-AMENDING ZONES - Laserfiche WebLink

Home Browse Search

FROM (TUE)JUN 24 2006 13:43/ST, 13;3i�No, 6880345645 P 14 66/24/2008 11:57 9037E7 °2 _ COLDWELL BANKER PAGE 14/19 2152 Claric8V111e page 5 of 8 02 -13-05 cantmet corlmntng 6 orRM"rb) 12. SETTLEiKIN'1' AND OTHER EVENSES: A. The fallowing expCrhse a r neat be paid at or prior to dosing= (1) Expenses pOyabie by Seller (Sellers E)Wnses): (a) Releases of exis6N lime, including prepayment penaiti�es and recording 1689; release of Sellers loan liability; tai SWIMnte Or ce tlllcatM Pr>rparatlen deed; ono -half of tee; and other expenses payable by Sager under this Conttsct. �� PaYg be applied in the following (b) Setter shall also pay an amount not to exceed S n F A, yp` Texas veterans Housing order. Buyer's Expenses which Buyer is prohibiteed from pay; g by Assir.=CG Program or other gWSMmental loan programs, and then m other Buyer's Expenses as allowed by the lender. (Z) Expenses payable by Bayer (Buyers Expenses): LM (a) � originalon, discount, buy -down, and commitment fees (Loan Fecs). (b) Appraisal fees; loan appiiceertian tees p,edlt reports; preparation of loan documents, intMst on the notes from date of disbumement to one month prior to dates of first mortfhly payments; recording fees: topics of easements end restrictions: mortgagee No policy with endorsements faquhed by lender, loan - related inspection feet; Photos; amO tlzaiion schedules; one -half of escrow fee; an prepaid items, includng required premiums for !load sand hazaM Insurance, reserve deposits for insurance, ad valorem d�rrond liRm inspection; courier fee; rater Inspection; special gwemmental as9et'mlthontS; fatal camp � 885 payable Buyer under this fee: WiM transfer foe; expo$ incident to any ioan; and other expert pay by W contract S. Buyer shell pay Private Mortgage Insurance Premium (PMi). VA Loan Funding Fee, or FHA Mor'tgago Insurance Premium (MIP) as required by the lender• C. if any expense sx�oeedt an amount exvressly stated in this contract for such expense TO be paid by a Patty, thet party may temtinate this contract unless the other party agrees to Pay such excess. Buyer may 'not pay charges and fees expressly prohibited by FHA, VA, Texas Veterans Housing Assistance Program or other governmental loan program regulations. 13. PRORAT{ONS: Taxes for the current year, Interest; maintenance fees, atsaessrfients, dues and rents will be Prorated through the Closing Date. The teat prpraiion may be maculated taking into consideration any change in exemptions that colt; affact 8 the current P raftns when txx sMt�arn nts I& the current yeafrom re avabbie. If at paid at perbes s;hpil adjust pro prior to edoWna Buyer shall pay for the currant yerrar. 14. CASUALTY 1,053: if any part of fare Property is damaged or destroyed by Ire or otfher casualty alter the but In date of this contract, Seller shall react» the Property to Ifs previous =411don as soon as rcav=bly possible. any event by the Closing Date. if Seller fails to do so due to favors beyond Sellers control, Buyer may (a) tanNnate file time l*r pe(fiinir8tice UP to ; 5 days and this contract and the sanest money will be rdundedoto Sery (b) extend Property in � damaged condrb'on with an the Closing Date will be extended as necessary () accept assignment of insceeanco proceeds and MMive credit from Seller at dosing in the arnount of the deductible under the tnsumnce policy. Sellers Obllganorts under Inis paragraph are independent of any other obfigatlena of Seller under fills eta' a enforce specific 6. DEFAULT., If Buyet fails m comply with ttus canyded, B y law, or both, or (b) tams and this contract and reserve the perforrnance, seek such ether relief as may be Pm+^ �'! P from this earttrad tf, du8 to facdors beyond earnest money as liquidated damages, thereby rckr astn9 Seller's control, Seder fails within the time allowed to teaks any non-casuaW repairs of d dellmr the the closr pn cornmitmont to will be or survey, if requirW of Seller, Buyer may (a) eut� the time for perfomwce up to 15 days extended as tuocssary a (b) bertrtittate this contract as tits sole remedy and receive the earnest ma nay. I� se' fails to comply wlth this con 3d for any other reason, Seller low I o be in both, or (b) termlrate this contract and receive pwforrrtanca, seek such other mlief as may be p by eameat money, thereby rVesasing boar parties from this contract 16. MEDIATION: It is the policy of then State of Texts to enaou:89e resolution of dispute$ through n tract a dins no resolution procedur+tt6 such as mediation. Any dispute betw'Oen Seller and Buyer related t0 thL4 contra tservlce oc resolved through informal drscu- ssioci ® vrill D writ not be submltma m a mutuauy au epfabto median ceder. The p to tote mediation shall bear the mediation costs equally. 'i?rls 0»gieph does not prelude s party from seeking equitable rcrief from a court of competent )uttsdletlon. 47. ATTORNE1rS FEES: The prevalling Ferny In any legod proceeding related to this CDntrsct Is entfbed to recover rmonable fatltorno yes fees and all c9M of such penooeding incurred by the prevailltV Party. and Seller _� TREC NO. 20-7 Initialed for identification by Buyer Paget 5 of 8