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I 1 "= Ir ___'--. ...... . ..-.- '~. I ~.':
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<br /> . (Seller) agrees to sell
<br /> 1. PARTIES: ~F. LU.~,[,~. 13oh'g (Buyer) and Buyer agrees
<br /> and convey~o _m'DRO COh'DU~ CO~.~O~TtO~ ,
<br /> to buy from Seller the property described below·
<br /> 2. PROPERTY: Lot_s Blocky , T&~' Addition, Cityof
<br /> ' " County, Iexas, known as
<br /> l, xtus ' ~ ~/~. (Address/Zip. Code),
<br /> ap.o s~ . _ ..... .-,-,.A p-'~'~ooe~,,, [] Is :gl:Is not subject to mandatory
<br /> cribed on attachea exhlblt, (the Property/. H~'= r. ~, 'V
<br /> or as des , ' For Pro e Subject To Mandatory
<br /> · The TREC Addendum p rty
<br /> membership In an owners association. '
<br /> Membership In An Owners' Associalion r-i Is Il:Is not attached.
<br /> NOTICETO BUYER: if the Propertyls subject to mandatory membershlpln an owners' ass°clati°n, Seller
<br /> nones Buyer under {}5.012, TeAts Property Code, that, as a purchaser of property In the residential
<br /> · · o e Is located, you are obligated to be a member of an owners' association·
<br /> commun In which the Pr p rty ..... e and a dedicatory Instrument
<br /> · ity use and occupancy of the Prop rty . .
<br /> Restrictive cove.n.a.n, ts. gove. mm.g .me _ __4 .... ,,,,~ ofthls residential community have been orvall be
<br /> govemlng the establishment, maintenance, ~.u ,.,1.,~,,~,~,,, ,
<br /> e Records of the countyln whlch the Propertyls ocated. Copies of the restrictive
<br /> recorded in the Real Prop rty ..... ~ ~c, rn th~ ~-,~unh/c~er~ You are obligated to pay
<br /> covenants and dedicatory !,n. sa'umem may be obta~n~ ........... · ·
<br /> ments to the ownem association. The amount of the assessments Is subject to change. Your failure
<br /> assess ........ "~- ""eh on and the foreclosure of the Property.
<br /> to pay the assessments coula r~u~ .~ ,= ,,
<br /> SALES PRICE: $ ~z,00o,o0
<br /> 3 Cash portion of Sales price payable by Buyer at closing $ '
<br /> · · ..................... 0.00
<br /> Sum of all financing described below ..................... $ ,~:~,ooo.oo
<br /> B '
<br /> · Sales Price (Sum ora and B) ,
<br /> C.
<br /> FINANCING: W~thin N/A days after the effectiv.e date of this contract Buyer shall apply for.all third party
<br /> 4. an assure lion and make everyreasonable effort to obtain financing
<br /> or noteholder's approval of y · P - - ' o have been obtained when the
<br /> finandng . · · a royal wdl be deemed t .
<br /> or assumption approva, l._Fmancmg or .a. ss.u?p_?_n, ,..P~P.4~.,~ ~nanc al rec~uirements (those items relating to
<br /> lender determines.that ~uyer.has ~?~. n,,_e..~_ _a~L~'l~'r~"~'ci~n; or assumption approval is not obtained within
<br /> Buyer's net wo~, income aha creoltWOrU lu ,~o./ ...........
<br /> · ereof this contract will terminate and the earpest money will be
<br /> ~A _ da s after the effective date h ' --. - c vvendor's an~ deed oftrustllens.
<br /> ~efunded to ~Y~yer. Each note to be executed heruu.der must be se_ured b_
<br /> The portion of Sales Price not payable in cash will be paid as follows: (Check applicable boxes below)
<br /> [] A. THIRD pARTY FINANCING:
<br /> This contract is subject to approval for Buyer of a third party loan In an amount not to
<br /> o price *evidenced by a third party firs. t lien promlssory note of
<br /> ~ (1) exceed ~/A. yo of the Sales ~[/~..,'duelnfullin ~- ._ year(s), with lnterast not to exceed
<br /> not less than $ .._ year(s) of the lean·
<br /> .... ~'/,~. % per annum for the first ~-
<br /> - o a royal for Buyer of a third party loan In an amount not to
<br /> 2 ' This. contract is subject t pP cond lien romlssory note
<br /> [] ( ) ~ Pflce evidenced by a third party se P
<br /> exceed r~/A. ~ of the Sales ' ........ ~/x ,,ear/s~, with Interest not to exceed
<br />
<br /> Irt B. SELLER FINANCINg: ,~ P 'Y deed of trust liens, In accordance ~th the .t. erms. a...n.d
<br /> Interest er annum, secured.by vendor's and cln Addendum· If an owner policy
<br /> conditionP; set forth in the a~[ached TREC Seller Finan g
<br /> Insurance is fumlshed, Buyer shall fumlsh Seller with a mortgagee policy of title insurance.
<br /> [] C. ASSUMPTION:
<br /> l'-I (1) Buyer shall assume the unpaid principal balance of a firstllenpromlssorynote payable to
<br /> whlch unpaid balance
<br />
<br /> Interest and any reserve oepo~m ~ ,~ _
<br /> ~rst payment due alter, closing. . '0lA TRE.C NO. 9-4
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<br /> Initialed for Identification by and Seller - '"'
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<br /> sooow ~'~·~'' ~°~'v'~''rx ?~' ~t~' ~; u,&c-lm' ~,~.~ -.~'-. ......
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