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· PROMULGA-rE D By 'n.lE 'rEXAS REAL ESTA'I'E COMMI'~ION ('i'REC) ~ ~ ~...:...,~'~!!
<br /> -~ UNIMPROVED PROPERTY CONTRA .O.T ' '~: '; '~: ~?~J[.;'"~ ;
<br /> ..... NOTICE: Not Fo~ Use For Condomlnlum Transacaons
<br /> 1. PARTIES: w'~L~t4 $. i~ONI~ (Seller) agrees to sell '
<br /> ~-,~ convey to mmRo cot, m .m'r .co _~e?~ _~t~,.[~ .______(Buyer) and Buyer agrees
<br /> [';?ouy fro~ Seller the property described below. Addition, City of
<br /> ,Block'/
<br /> 2. PROPERTY: Lot~ - - , ~ . . ..County, lexus, known.e.s
<br /> ?~.zs -- WA (Address/Zip. Coae),
<br /> ~ ~he Property n Is 1[~ Is no_t s. ubJect to mandatory
<br /> or as described on attach? exhibit, (the I°roper~j)·~' "J
<br /> membership in an owners association. The TREC ^ddendu~n For Property Subject To Mandatory
<br /> Membership In An Owners' Assodation n Is gl:is not attached.
<br /> NOTICE TO BUYER: if the propertyls subject to mandatory membershipln an owners' ass°clati°n' Seller
<br /> notifies Buyer under {}5.012, TeXas Property Code, that, as a purchaser of property in the residential
<br /> OWllers' association
<br /> d ou are obligated to be a member of an·
<br />
<br /> ~,,,,,unltV in wNch the property Is locate , ye, --,,,~,n~.v nf the Property and a dedicatory Instru .m..e. nt
<br /> _'~"'.",' ,,]'Z -^,,-aunts novemlng the use aaa or.~;..~...---% ;;,- .... ,-~-;.,=..~ communih/have been orwiII De
<br /> I~.esmcuv- ,-~,~= · -~ - ' · ..... and oneratiori orlnls r==~um~u=~ '~ . --- ~o
<br />
<br />' governing the estabhsnmen!, m_a~mug'~"~, _ Z.'~;~,. ,,,~Ich the Pronertyls located Copies otme
<br /> recorded in the Real Property i-(ecorgls ol'me ~uumy., ,,,, r ' ·
<br /> covenants and dedicatory instrument may be obtained from the county clerk. You are obligated to pay
<br /> assessments to the owners' association. The amount of the assessments Is subject to change. Your failure
<br /> to pay the assessments could result In a lien on and the foreclosure of the Property.
<br /> 3. SALES PRICE: $_ ==,000.00.
<br /> A. Cash portion of Sales Price payable by Buyer at closing ............... ~ ~ $_ 0.0o
<br /> B. Sum of a financing described below .................... " ~... $ ==,o0o.0o
<br /> C. Sales Price (Sum of A and B) ................................. '
<br /> 4. FINANCING: Within N/A days after the effective date of this contract Buyer shall apply for.al! third party
<br /> assure tion and make everyreasonable effort to obtain financing
<br /> · or noteholder's epprov, al of any .. P .... ~ ..a. ~.,, H,,~rn~. o have been obtained when the
<br /> financing ...... ~ =~.,o,-,,'~na or assumption approvc*~ w., ,-,.-. ....... d t
<br /> or assump=on appruv,=,. - ....... . nder's financial requirements (those items relating to
<br /> lender determines that Buyer,ha~_s~s..,a.?~e~ea~ls~fll~nancing or assumption approval is not obtained within
<br /> · contract wlll terminate and the earpest money will be
<br /> Buyer's net worth, income ana cr~u,twu,,,,,, r ·
<br /> / _ da s after the effective date h.ereof, ~Is cured b vendor's an{l deed of trust liens·
<br /> ~unded to ~Yt~yer. Each note to be executed hereunder must be se Y boxes below)
<br /> The portion of Sales price not payable in cash will be paid as follows: (Check applicable
<br /> I-I A. THIRD PARTY FINANC NG: _ . .... amount not to
<br /> I-I (1) This contract is subject to approve for i~uyer ota mira party loan in an
<br /> · ' videnced by a third party firs. t lien promissory note of
<br /> exceed _ N/~_ % of the Sales P~/~_c~,.d~e In full in ~... year(s), with interest not to exceed
<br /> not less than $ _ -
<br /> ._. I~/A %perannumforthefirstH/'~ year(s) oftheloan.
<br /> .---- · ~ " for Bu er of a third party loan in an a~ount not to
<br /> ' This· contract Is subject .to appr?v_a' Y n Ird oarty second lien promissory note,
<br /> I-'1(2) o fthe Sa es Prlc~, ~vldenced by .-...th -.-, .. .-,~- ,..,=,o not to excesa
<br /> exceed ~/A_ ~ o ~u~. clue n full In ~A years) w~u, ,,,~,..st .
<br /> of not less the ~, _ r s of the loan. .
<br /> .... ex .... ,,,, for thefirst ~x._~yea (.) ..... ,e 1t/.% beenng ._...~A ¥0,
<br /> _ ~-,~.. vo po, ,,,,,,urn Bu er to ~eller u/e_ - · na
<br /> n n ~ELLER FINANCING: A promissory .no? fro,rn.,_~Y~ nf trust liens, In accordance vath the .term_s,
<br /> - -' i terest per ann..m., Addendum. "an o er po,,cy o, u.=
<br /> nditions set form m. _me attacne= .r,,- o,,=r with a ortqa.qee policy of litle Insurance. '
<br /> ~;uranca is furnished, Buyer shall fumlsh S ......... m _ _
<br /> n C, ASSUMPTION:
<br /> Buyer shall assume the unpaid prlndpal balance of a first llen promissory note payebleto
<br /> ~/x , which unpaid balance
<br /> current monthly paym,ent Including principal,
<br /> atCloslng~, uo ,,_ - _,,. ,S~: ,,,,,_. ,..,,.,; ......
<br /> Interest and any reserve (lepo=,t~ , ,~ - .
<br /> first payment due after-closing. 0lA TREC NO. ,9.~.
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<br />Initialed for Identification by Buyer_
<br />
<br />and Sell.er - '
<br />
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