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2009-048-ORD REZONE 1200 BLOCK OF 47TH ST SE
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2009-048-ORD REZONE 1200 BLOCK OF 47TH ST SE
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Last modified
8/28/2012 11:15:38 AM
Creation date
11/23/2009 8:36:34 AM
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CITY CLERK
Doc Name
2009-048
Doc Type
Ordinance
CITY CLERK - Date
11/9/2009
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COmmwdal C011 "d- unimp—d Praporiy Conccmino a—EaraEET,PARIS TEXAS <br />B Ad)uslmcnt to S01OS Prica: (Check (1) or (2) only.) <br />❑ (t) The solos price will not be adjusted bosod on a survey <br />M (2) The sales price will bo adjusted based on the IAteat nurvey obtained under Paragraph 60. <br />(e) The sales price is calculated on the basis of S laaooaa per, <br />❑ (1) square fool of ❑ tAlal area 0 net snarl <br />M (u) acre of M total area ❑ not ores. <br />(b) Total area' moons all land area within the perimeter boundaries of the Property 'Not area' <br />means total area leas any area of the Property within <br />❑ (1) public roadways; <br />❑ (II) rights- of-way and casements other then flee that directly provide utility services to the <br />Property: and <br />❑ (III) <br />(c) If the sales price is adjusted by more than ;6 of the stated sales price, either party may <br />terminate this contract by providing written noUce to the other party within days after the <br />torminoUng party romwes the survey. If neither parry terminates this contrucl or If the variance <br />Is less than tho stated porcontage, the adjustment to (he sales price will be made to the cash <br />portion of the sales price payable by Buyer. <br />4 FINANCING: Buyer will finance the portion of the soles price under Paragraph 38 as follower <br />Bt A, Third Party Fingnpnp: One or more third parry loans In the total amount of 3 src,000 oo . This <br />contract: <br />❑ (1) Is pot contingent upon Buyer obtaining third party financing. <br />M (2) Is contingent upon Buyer obtaining third party financing in accordance with the at ached <br />Financing Addendum. <br />❑ B. Aasumotlon: in accordance with the attached Financing Addendum, Buyer will assume the existing <br />promissory note secured by the Property, which balance at dosing will bo S <br />❑ C, B IMF Uartcing: The dollvory or a prurn"ory note and deed of trust from Buyer to Sauer under the <br />terms of the allchod Financing Addendum In the emOunl Of S <br />S. EARNEST MONEY: <br />A. Not later than 3 days after the cfrecbvc data, Buyer must deposit S to 000.00 as Gamest money <br />With aTONS Tali COMPANY. INC. <br />(GUc company and escrow agent) at 33 reT Nw P4a•• f� 74" <br />(title company's address). Buyer will deposit additional earnest money of 5 <br />on or before: O (i) the th day after Buyer's right to terminate under Paragraph 713(3) oxpiros. or <br />❑ Oq Tho title company is the escrow <br />agent under this contract <br />B. If Buyer fills to timely deposit tho samest money. Sailor may terminate this contract by providing <br />written notice to Buyer before Buyer dopocits the earnest money and may oxorciso Sailor'& remedies <br />under Paragraph 15. <br />C Buyer may Instruct (he escrow agent to deposit the earnest money In an Inleresl- bearing account 31 a <br />foderaliy Insured financial institution and to credit any Intoreat to Buyer. <br />(TAR•1002) 2E-G2 Inrllalad for IdenOncauon by auger K /�. _ :roller Peg. 2 of IJ <br />�� ^-� �7.�.w��,�y w i01 nw M IMN, r100r l��rrl• C �T.�rrKw'�I'.r1.�a1[ �OLlv.r�r rw <br />iN.n..r— ....vr����...Ar �r M+...yrr -�- ~i.�b�w.1r.v u� �•...�.�+�r�...�..r�..M.rW rucc I�e r-la faM <br />r� <br />
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