Agenda - 08-25-2008 - c1 - Laserfiche WebLink

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~ ~'~ )8 06:35a 000-000-0000 p,4 Exit Realty Southpoint 1415 NC Hwy 54 West Suite 104 Durham, WC 27707 Phone:919-493-3100, Fax:919~493-3110 AGREEMENT TO AIYIIIYD CONTRACT Ollie Kcoade ''~~~ Sandra McDade r•'~''!~ ~~ ///~ Bonnie McDade Vic: rN~~` a5,and WARNING: ALL PARTIES, INCLUDING ANY LENDER, MUST BEPROVIDED A COPY OF THIS AGREIIVIENT Step Edwards 5~~, BOb Barrett eller, have entered into a contract on the Offer to Purchase and Contract (form 2 T) or the offer to Purchase and Contract -Vacant LotlLand (form 12 T) ("Contract") regarding the purchase and sale of the following property (insert property address): 1 School xouae Rd. SElaad, NC Euyer and Seller hereby agree to amend the Contact as set forth below [check applicable box(es)]: ^ Purchase Price. The purchase price is hereby changed to: $ n/a ^ Additional Earnest 1'Ioney. $ aka additional earnest money deposit shall be paid to Escrow Agent no later than n/a ,TIME BEING OF T7=IEESSENCE WITH REGARD TO SAID DATE ^ Loan Condition. The loan condition is hereby amended as follows [checkall applicable baz(es)J: ^ Type: The type of loan Buyer mrust be able to obtain is hereby changed to: n/a ^ FxedlAdjastable Rate: the type of loan rate is hereby changed to: n/a ^ Principal Amount: The principal amount of the loan is hereby changed to: ~/a ^ Term: The term of the Loan is hereby changed to: a/a year(s) ^ Interest Rate: The interest rate for the loan is hereby changed to: an initial rate not to exceed a/a ^ Mortgage Loan Discount Points: The mortgage loan discount points aze hereby changed to: not to exceed n/a % of the loan amount ^ Loan Origination Fee: The loan origination fee is hereby changed to: not to exceed n/a % ofthe loan amount ^ Loan Applicatieta: The number of days following the Effective Date within which Buyer shall make written application for the Loan, authorize any required appraisal and pay any necessary fecs is hereby changed to: ~+/ a days ^ Buyer's Right to Terminate: The number of days following the Effective Date within which Buyer shall have the right to terminate this contract because Buyer is not satisfied that the Loan will be approved and funded is hereby changed to a/a days. ^ Expenses. The amount Seller shall pay at Closing toward Buyer's expenses associated with the purchase of the Property is hereby changed to: $ a/a ^ InspecdonslRegairNcgotiations. The timeframe(s) for InspectionslRepair Negotiations set forth in Alternative 1, subsection (b) of p aph 16 of the Contrast islare hereby amended as follows jc3reck all applicable boz(es)J: LJ Repair Notice Date: The Repair Notice Date set forth in Alternative 1, subsection (b) of paragraph 1G of the Contract is hereby changed to: n/a ^ Seller's Response Time: The nutnber of days within which Seller shall provide written notice to Buyer of Seller's response to Buyer's «rcitten notice of Necessary Repairs is hereby changed to n/a days. ^ Buyer's Response Time: The number of days within which Buyer shall deliver Buyer's written decision after receiving Sellers writtect response to Buyer's written notice of Necessary Repairs is hereby changed a / a days. ^ Soil, Utilities and Environmental Contingency Date {form 12-T only). The date by which Buyer must notify Seller that the ® PREPARED BY. Bob Barrett, Broker STANDARD FORM 33U-T Revised 712058 ®7iZD06. North Carolha Assoclalion of RF.ALTORS®.'Irrc. [OJ~.IWR p~TO^" (~aelFl~ST®St~ ®POOiB~ Version 6.~7 8eta Software Regislerad lo: Ofi~ Marmger. Eat Realty Southpoirt p~ 1~ °"°-'""' Buyer irriUals ~~ ~I 071291oB 14.3x:27 Se!ter iritfats