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FROM (TUE) JUN 24 2008 13:39/ST. 13:31 /No. 6880345645 P 11 <br />06/24/2088 .11:57 903792' "2 CO-DWELL BAI44M F" PAGE 11/19 <br />;tlx a.iar�.� O Pa4s2of5 02 -13-W <br />Conb2ct Gona�minD 18 <br />Wdmz,of pmpseQ6 building and zoning <br />the provisions of the l'ft}e Policy, subject to the promulgat°d occlusions (mctuding existing <br />ordinances) and the following cxceptionV <br />(1) Restticrh+e covenants common to"PWM subdivision In which the Property <br />(2) Thu standard printed exmeption for standby fees. Was and asssasrnents. <br />(3) Uerts cr+eatod as pest of the f9nandng described in Paragraph 4. <br />the dedleston deed or plat of the aubdMslon in whkil the Property is ICCated. <br />(a) Utll- easements crested by d this comfort or ae may be approved by Buyer in writing. <br />(5) ftes�ervations or exceptions vitrerwise pem�itbe by <br />(6) The standard printed al tpdon as m marital tights. t5e�hea, rdrearrrs, rand related rrleZ�alrs. <br />(7) The standard PrIrW eccoepdon as to WgWs, ddel8nds, In era or boundary linen. <br />(8) The standard printed excepow as to dlt8PGrldea, conflicts, shortages <br />encroschmentx or protrusions, or overlapping IMPnovements. Buyer, at Buyers expense, may have the <br />exception amended to read, 'shorb9ts In area". <br />B. COMMITMENT: Within 20 days alter the Tlt% Company receives a copy of this oontiaat Seiler shall ftxrtish to <br />Buyer a camrf►ttrrd►t for title insurance (Cornmitrnent) and, at Buyers expense. legible Coposs of restrictive <br />the <br />covenants and docunnen evidencing exceptions in the commitment (Ejocepdon Documents) other than <br />standard pdnW aorta. Soler authvrim the itle Company to deliver the Commitment and Exception <br />Documents to Buyer at Buyers address shown in Paragraph 21. If the Commitment and Exception Documents <br />are not delivenad ib Buyer within the sPedfied time, the time for delivery will be automatically extended up to 15 <br />days or the Closing t]ate, whictuaveris earlier. ble to the Title <br />C. SURVEY: The Survey mist be made by a regis Sur professional land surveyor accepts <br />Company and any lender. (Chad( arc box only) <br />® (1) Whin 7 -- days aftr the effective date of this conb'act, Seller shall furnish to Buyer and Title <br />Company Sellers eadSM9 survey of the Property and s Residential Reel Property Affidavit promulgated <br />by the Texas Depamment of Insurance (affidavit). If the eAstlng survey at Aflidawrit is not acoePtWO <br />in Thee Company or Buyers lender. Buyer shall obtain a new surrey at 171 Seller's ® Buyer's expense <br />no taw than 3 days prior to Closing Oat-. If Seger falls to famish the existing survey or Affidavit within <br />the time prescribed. Buyer shall obtain a new Survey at Seller's Lxperm no later than 3 days prior to <br />Closing !b. days aftr the effective date of this contmct Buyer shalt obtain a new <br />❑ (2) Within <br />survey at Buyer's e�cpenae. HuYsr is deemed to racehre thQ survey on the date of actual receipt or the <br />dates In this paragraPn. whichever is earlier. <br />O (3) W ithirt� days after the effective date of this rantract, Seiler, at Setter's ®xpen� <br />t3lt>sll furnish a new survey to Buyer. <br />D. OBJEC770N3: Buyer may object In writing to defects, WtCCp6orls, or encumbrances to titre: disclosed on the <br />surm other Cm items 6A(1) through M above; disclosed in :fie Commitment other than items GA(1) through <br />(a) above; or which prohibit the following use or setivMy, <br />Buyer must object-not Imt titan (1) ft CbAing Date or (flj <br />9 _days slier Buyer recalves the <br />Commftft* t, Exception Documents, and the survey, whlch&vV is earfrer- Buyer's failure to object violin the <br />dabs snowed Will Censfthtt a dvalver of Buyers nght to object except that the roquinarrants In Schedule C of <br />the Commitment are not W2M W. Provided Seller is not obligated to Incur any exptnae, Seller shall cure the the <br />timely objecdons of Buyer or wry third party lender within 16 days alter Seller recely =s the oje on and act <br />Closing Date will be extended as necxastry. if oi)jections are not cared wiMin g 1eobjections. <br />Period, <br />will t er ntnete and the earnest money will be refunded to Buyer unless Buyer <br />E. TITLE NOTICES: gar advtass Buyer to have an abates of dde covering the Property <br />(1) ABSTRACT OR 'STtLE POi..1CY: should be wkh or obtain a Titre Polley. It a <br />examined by an attorney of Buyer's seteetbn, or t3c,yer an =Drn;y of Buyers choice <br />Tide Poiiey is furnished, the Conrrnrtment should be promptly reviewed by <br />due to the tima Umita its on Buyer's right to object dftn <br />(2) MANDATORY OWNERS ASSOCIATION MEMBERSHIP_ The PtoPerfll 1318 Its no subject to man <br />mombersahlp In an rW"rl V n if the Property is subject to mandatory P e in the <br />association, Seller notifies Buyer under 55.012, Texas Property Cods, that as a purchaser of property <br />re9idettlfal community In which.ttre Property is located, You are obligated be a " and a dediCatAry <br />resWentlal . rnmu cnn►e covenrt a governing the use and =wpaney of t ne Property <br />instrument governing the establishment, rn3intcrffit1ce, operation of this re6ldentlad s I0cMod- have <br />Records of the county in whtctt the Property+ fa locastod. Copies <br />MW or will be nemfdtd the Rfaal Property M be obtained from rho eau clerk You are <br />of the restrictive covenants artid deduato irtdtru TREC N0.20 -7 <br />Indatcd for identification by Buyer and Seller Pie z of 5 <br />