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<br /> UNIMPFIOVED pP, OPEFITY CONTRACT :;~-
<br /> NOTICE: Not Fa' Use For Coedomlnlum Transa~ons
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<br /> .. (Seller) agrees to sell
<br />.(B yer) and Buyer agrees
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<br />Initialed for Identification b.y
<br />
<br />and Sell.er -
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<br />PARTIES:
<br />and convey to _~RO coNDtrrr COR~OR~TIO~
<br />to bUy from Seller the property described below. Addition, City of
<br /> ,T&P
<br />PROPERTY: lot ~s ., Block ? "/~u~ . .,. County, I exas, kno~m as
<br />l,A~s ~' PA (Address~p. Code)
<br />s~.v s,~ ................ ,+,,~ T~rtV ~-~ is :/~ is not subJed to mandatory
<br />or as described on attache? e~,nlm~, ~u~ju?,~,~,~...~o,~.,,~ '~or prooertv Sub]ed To Mandatory
<br />membership In an owners' association./ne .r,~,-* ~,
<br />ble~ershlp In An Owners' Assodation D[s ~ls not a~tacbed.
<br /> : o e Is sub edto mandatory membership n an owners' association, Sell. er
<br /> NOTICETO BUY.ER _lfthe Pf _p.,~_r~/_ ~j e that as a purchaser of property In t_h,e resld, e.n?al
<br /> nolJfies Buyer u.n.e.er.§5._012, T~x.a_~, Pr_o,_p~e .r~._.C, o..d~ ,obtin;ted to be a member of an ownem association.
<br />community in wnlc~ me ~roperty ~s ioca[~=tu, ~uu ,~,,, ~ . .
<br /> e use and occupancy of the .Prop.arty and a dedicatory Instrument
<br /> Restrictive covena.n, ts. govemlng th__ ' ' Is residential community have been orw]ll be
<br /> govemlng the estabhshment, maintenance, and operation of th
<br /> s of the county In which the Property Is ocated. Copies of the restrictive
<br /> dad in the Real Property Record. __., ~.__ ~,~, ,.~.nfv clerk You are obligated to pay
<br /> racer nd dedicatory Instrument may be obtaln~u ~_~,,,_ ~ ..... t'.~ Is s l;lect to change·Your fallure
<br /> covenants a ' ciation The amount of th~ a~sessmen ..... u o _
<br /> assessments to the owners asso · Property.
<br /> to pay the assessments could result In a lien on and the foreclosure of the
<br /> SALES pRICE: . $_ =~,o00.o0
<br /> A. Cash portion of Sales Price payable by Buyer at closing ..................... $ o.o0.
<br /> B. Sum of ail financing described below ............. ' " ~,000.o0
<br /> r the effective date of this contract Buyer shall apply for.al/third party'
<br /> ANClNG: W3thinN/A ._dayaaff. e . _ reasonabloefforttoobtaln, fi.nand..ng
<br /> ~Nanclng or noteholder's .a. ppro.val or any esS_u,..m_ _Pfi~o~n..raonvdalrnw~mr'ed to have been ob..taineo ,w~?. n
<br /> or a uml3tion a proval. Financing or .a. ss..um, puu,.or~,~.,~ ~n~n I requirements (those items.re[a, un.g..
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<br /> · this contract will terminate and the earnest money will be
<br /> Buyer's net worth, income aha ~[~u~w~, ~, ..... t ....
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<br /> I, UA da s at,er the effective date h.ere, o.f. ~ ..... ,~,esecured bvvendofs an~ldeed of trustllens.
<br /> ~efunded~to ~Y~yer Each note to De execumo n~re. unu~, ~_~v~.~,,,~ws tCh~ck ace cable boxes below)
<br /> ~'~e portion of Sales price not payable in cash ~11 be pa~u ,~o ...... · --
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<br /> [] A. THIRD P_A~.TY FINANCING:
<br /> [](1) Th~s contract is subject to epproval for Buyer of a third party loan In an amount not to
<br /> · 'evidenced by a third party firs. t ien promissory note of
<br /> exceed ~A %oftheSalesPnce._ ..... F~A ,,earts'hwithlnterestn°tt°exceed
<br /> notless than $'_ N/~..,c~ueln~u, ns _ --~ ~ ·
<br /> .... ~/~_ % per annum f.o.r the first ~_//~. .. year(s) of the loan·
<br /> [] (2) ' ~his. contract Is subject to approval for Buyer of a third party loan in an a~ount not to
<br /> ~ . evidenced by a thlrd party se~nd lien promissory note
<br /> exceed ~/~_ ~ of the Sales Price.. · -.,, ,- ~A ,,earts3 with Interest not to exce.ed
<br /> ° f ~.[t Io~ ~ ethraannSnu-m fo r th e
<br /> [] B. SELLER~=iNAI;4clNG: A pmmlssory -
<br /> Interest per annum, secured by vendor's and deed of trust liens, in accordance with the terms and
<br /> condi~ons set forth in the attached TREC Seller Financing Addendum. If an owner policy of title
<br /> Insurance Is furnished, Buyer shall fumlsh Seller with a mortgagee policy of title Insurance.
<br /> I-I C. ASSUMPTION:
<br /> I-I (1) Buyer shall assume the unpald prindpal balance of a first lien promlssory note payable to
<br /> whlch un.paid balanCe
<br />
<br /> Interest and any reserve esDosl[s ~ · _-- .
<br /> first payment due after closfng. _ ~ TREC NO. 9-4
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