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<br />(hj There must be no restriction, easement, zoning or other governmental regulation that ~~ould prevent the reasonable use of fhe
<br />Propem for purposest"Intendedt'~e"~.
<br />(cl The Pro, e;~~ must be in substantiallc the stone or better condition at l li>sin~~ us on the dote i~f this offer. reasonable ~+ear and tear
<br />e~ceptcd
<br />Idj :Ali deeds ~ f uu~t. ;~ers .rod ~~~thcr ~'~ar~_,es'~~airtst ter ft~~t~rr'. ,: ~t ,.:aumed b~ i3u~er. must be paid .end satisiled he feller tvic,r [~~
<br />~=r ;:I (. Il`~I^,~ >Lr~tl U:~;( Cah~eliallQn rTl a`. be hfi"~n11~I ,.• ~_~h,,,; ~Q ?VI~1!l+ln< < i.OCIn_. ~t'~~Cr 1112111 rl'maln lrhll~_tf'Cd lit irlll]Iln ,ill: ~Ul: l1
<br />ianceil;:uuns "~rl!o~~in_ Closin~~
<br />(c} I~i!c n.ust hr delivered at Clusin b+' C;E'~ER:4L \r.~:ARR.4V"f 1" USED unless other~+ix• stated herein. and m.2st `,~c 'ee srnple
<br />m.:rkett.b:e :end i~;urable title, free o}_ail encumbrances except ad ~alurem taxes f<~r the current sear ipruratcd tf.rou~~h the d;rtr o`
<br />Closin~~i: utility r.:semcnts and un+~iulated restri~ti+r covenants tl-~at Jo not rnateriall+ at'zet the +~alue of the Property; and ;uch
<br />other en.ct:mbrt:nces as may he assumed or sprcitiril!v approved h+ Buyer. The Property must have le~_al access t:r a public r~~ht of
<br />wa+ -
<br />•i. SPECIAL .ASSESSMENTS: Seller ~+<urants that there are no pending or amtirmed governmental speciai assessr-cents tier
<br />sidevvaik, pav iri=. ~+ ter, sever. or other improvements on or adjoining the Propem . and no prndina or confirmed o.vners' assi>ciation
<br />special assessments. except as folluv+s: none known; if any, to be paid by seller
<br />(Insert "?gone" or the identiticativn of such assessments. if am.j Seller shall pav all o++~ners' association assessments and all
<br />~,ovemmentai assessments ci,ntirtcd through the time of Closing, ifanv. and Buyer shall take title subject to all pending assessments.
<br />if any, unless otherwise •a~areed as follows: none known; if any to be paid by seller
<br />5. PROR:~TIONS AND ADJUSTMENTS: Unless otherwise provided, the follov+ing items shall be prorated and either adjusted
<br />behveen the parties or paid at Cli~sin~~: (a) Ad valorem rases on real propem shall be prorated on a calendar near basis throu~_h the date
<br />of Closin,; (b) All latz listinv penalties, ifanv. shall be paid b~ Seller, (ci Rents, if am, for the Property shall be prorated through the
<br />date of Closin~_: (d) O++ners' association dues and other like charges shall be prorated through the date of Closing,. Seller represents
<br />that the regular owners' association dues, ifanv, are $ ---------------- per '
<br />6. E\PENSES: Unless otherwise agreed, Bu}'er shall be responsible for all costs with respect to am' loan obtained b}' Buyer, title
<br />search, title insurance, recording the deed and for preparation and recordim~ of all instruments required to secure the balance of the
<br />purchase price unpaid at Closing. Seller shall pay for preparation of a deed and all other documents necessary to perform Seller's
<br />obligations under this agreement, and for excise tax (revenue stamps] required by lave. Seller shall pay at Closin~~ S ------------
<br />tov+ard any of Wuyer's expenses associated with the purchase of the Property, includin~~ an_y FHA,'VA lender and insoecunn costs that
<br />Buyer is not permitted to pay, but excluding any portion disapproved by Buyer's lender.
<br />7. EVIDENCE OF TI"1'LE: Seller agrees to use his best efforts to deliver to Buyer as soon as reasonably possible aticr the Effective
<br />Date of this contract. copies of all title information in possession of or available to Seller, including but not limited 'a title insurance
<br />policies, attomev's opinions on t-itle, sune+s, covenants, deeds, notzs and deeds of trust and easements relating to th~: Propetn. Seller
<br />authorizes (I j arty attorney presently or previously rrpresentin~ Seller to release and disclose any title insurance polirv in such
<br />anomey's file to Buyer and both Waver's and Seller's agents and attorneys; and {2j the Property's title insurer or its agent to release and
<br />disclose all materials in the Property's title insurer's (or title insurer's agent's) file to Buyer and both Buyer's and Seller's a~~ents and
<br />attomecs.
<br />8. LA[3OR AND 1lATER1.AL: Seller shall furnish at Closin; an affidavit and indemnification agreement in form satisfactory to
<br />Buyer showin; that all labor and materials, ifanv. furnished to the Propem within I?0 days prior to the date of Closing have been paid
<br />for and agreeing to indemnify Buyer against all loss from any cause nr claim arisin~~ therefrom.
<br />9. CLOSING: Closing shall be defined as the date and tune of recording of the deed. ;411 parties agree to execute: arty' and all
<br />documents and papers necessary in connection vwith Closing ar,d transfer of title on or before March 1 , ~ 007
<br />at a place designated b~~ Bu~~er. The deed is to be made to
<br />CLOSING: SHALL CONSTITUTE .ACCEPTANCE OF THE I'ROPERTI' IN ITS THEN EXISTING CONDITION UNLESS
<br />PROVISION IS OTIiER4'~'ISE 11ADE IN 4i'RITING
<br />10. POSSESSION: Unless otherwise provided herein. possession shall be delivered at Closing. No alterations, zticavations, tree
<br />removal or other such activities may be done before possession is delivered.
<br />P~[tie ~ of -i
<br />STANDARD FORM IZ - 7
<br />Buyer Initials Seller Initials ,~ l ~ t_- c~ 7,~t)t)b
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