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Flnancino Addondum concoming 47TH IM URF6T VSRI,. TUfA, <br />(7) The lien securing payment or tho noto will be Interior to any Gen securing any superior note <br />described In this addendum If an owners policy of IIUe Insuranco Is fumishod, Buyor, at Buyers <br />expense. will furnish Seller with a morigagoo UUo policy In tho amount of the note at closing, <br />(8) If all or any part of the Property Is sold or conveyed without Saber's prior written consent. Seller, at <br />Sellers option, may declare the outstanding principal balance of the note, plus accrued Interest. <br />Immediately due and payable. Any of the following is not a sate or conveyance of the Property; <br />(e) the creation of a subordlnato Ilan; <br />(b) a sale under a aubordinato lien; <br />(c) a doed under throat or ordor of condemnation; <br />(d) a conveyance solely between tho parties, or <br />(a) tho passage of UUo try reason of death of a maker or oporatlon of law. <br />(g) Deootllr for Tnxe4 and Insurance <br />(a) In addition to the principal and Interest Inateliments, Buyer ❑ will ❑ will not deposit with <br />Sollor a pro rota part of the estimated annual ad velorom taxes on the Property and a pro rata <br />part of the estimated annual Insurance premiums for Iho Improvements on the Property. <br />(b) If Buyer deposits taxos and Insurance deposits with Sailer, Buyer agrees that Iho taxes and <br />insurance depeStt4 are only estimates and may be Insufficient to pay total taxes and insurance <br />premiums. Buyer agroos to pay any deficiency within 30 days after Sailer nolines Buyer of any <br />deficiency. Buyers failure to pay tho doneiency Is o dofault under the deed of trust. <br />(e) If any suporior lien holder on Ilia Property eollecla payments for taxes and insurance, any <br />requirement to deposit taxes and insurance deposits with Selior under this addendum Is <br />Inoperative so lone as payments are bung made to the superior lion holdor. <br />(10) Any evonl that consulutes a default under any superior lion conisi tutee a default under tho deed of <br />trust securing the note. <br />01) The note will include a provision for reasonable attorney's fees for any collection action. <br />(12) unless the parties agroo otherwise, the form of trio note and loan documents will bo as found in <br />the current edition of the Slate Bar of Texas Real ave Forms Manual without any additional <br />clauses. <br />(1) To esbblish Buyer's creditworthiness for assumption approval or sailor financing, Buyer will deliver <br />to Sailor the following Information (Buyers documentation) within days after the effoctive <br />date of the contract- <br />0 (a) vorincatlon of employmont, Including salary; <br />❑ (b) verification of funds on deposit in financial InsIllutions; <br />0 (c) current financial stalcment: <br />O (d) credit report; <br />O (c) tax rctums for the following years <br />C2 in r <br />rTAR.19i1) aJt1T2 In11181id for ldanurleAllon by Brryor & _ 9•Iler PS-00 3 of 4 <br />.��rr.d.�•..Lr./—am��,r.,r��M rK ro�� rr� •M. 101 rYn1, r111i11,Im41 Ylrl l• c1y�.•rw.�Cr.worr0yayrm[ttr <br />