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5. CONDITIONS: (State N/A in each blank that is not a condition to this contract.)
<br />(a) The Buyer must be able to obtain a loan commitment on or before N/A , effective through the date of closing, for a
<br />[] FHA [] VA (attach FHNVA Financing Addendum) [] Conventional [] Other: loan at a
<br />[] Fixed Rate [] Adjustable Rate [] ,.Other: in the principal amount of
<br /> for a term of year(s), at an interest rate not to exceed ~ % per annum, with
<br />mortgage loan discount points not to exceed % of the loan amount. Buyer agrees to use his best efforts to secure such commitment.
<br />shall be responsible for all costs with respect to any loan obtained by Buyer, except if Seller is to pay any of the Buyer's loan closing costs including
<br />discount points, those costs are as follows:
<br /> for a term of year(s), at an interest rate not to exceed % per annum,
<br />mortgage loan discount points not to exceed % of the loan amount. Buyer agrees to use his best efforts to secure such commitment.
<br />shall be responsible for all costs with respect to any loan obtained by Buyer, except if Seller is to pay any of the Buyer's loan closing costs including
<br />discount points, those costs are as follows:
<br />In the event Buyer fails to provide Seller with written evidence of the loan commitment within five days after receipt of a written request from Seller
<br />(but such request may not be made before the loan commitment date listed above), then Seller may terminate this contract unless Buyer waives the
<br />loan commitment condition.
<br />(b) There must be no restriction, easement, zoning or other governmental regulation that would prevent the reasonable use of the real property for
<br />N/A purposes.
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<br />(c) The Property must be in substantially the same or better condition at closing as on the date of this offer, reasonable wear and tear excepted.
<br />(d) All deeds of trust, liens and other charges against the Property, not assumed by Buyer, must be paid and satisfied by Seller prior to or at closing ·
<br />such that cancellation may be promptly obtained following closing. Seller shall remain obligated to obtain any such cancellations following closing.
<br />(e) Title must be delivered at closing by GENERAL WARRANTY DEED unless otherwise stated herein, and must be fee simple marketable title,
<br />free of all encumbrances except: ad valorem taxes for the current year (prorated through the date of closing); utility easements and unviolated
<br />restrictive covenants that do not materially affect the value of the Property; and such other encumbrances as may be assumed or specifically
<br />approved by Buyer. The Property must have legal access to a public right of way.
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<br />6. SPECIAL ASSESSMENTS: Seller warrants that there are no governmental special assessments, either pending or confirmed, for sidewalk,
<br />paving, water, sewer, or other improvements on or adjoining the Property, and no owners' association special assessments, except as follows:
<br />none
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<br />(Insert "None" or the identification of such assessments, if any.) Seller shall pay all confirmed owners' association assessments and all confirmed
<br />governmental assessments, if any, and Buyer shall take title subject to all pending assessments, if any, unless otherwise agreed as follows:
<br />none
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<br />7. PRORATIONS AND ADJUSTMENTS: Unless otherwise provided, the following items shall be prorated and either adjusted between the
<br />parties or paid at closing: (a) Ad valorem taxes on real property shall be prorated on a calendar year basis through the date of closing; (b) Ad valorem
<br />taxes on personal property for the entire year shall be paid by the Seller unless the personal property is conveyed to the Buyer, in which case, the
<br />personal property taxes shall be prorated on a calendar year basis through the date of closing. (c) All late listing penalt!es, if any; shall be paid by Seller,
<br />(d) Rents, if any, for the Property shall be prorated through the date of closing. (e) Owners' association dues, and other like charges shall be prorated
<br />through the date of closing. Seller represents that the regular owners' association dues, if any, are 0.00 per
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<br />8. CLOSING EXPENSES: Seller shall pay for preparation of a deed and all other documents necessary to perform Seller's obligations under this
<br />agreement, and for excise tax (revenue stamps) required by law. Buyer shall pay for recording the deed and for preparation and recording of all
<br />instruments required to secure the balance of the purchase price unpaid at closing.
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<br />9. FUEL: Buyer agrees to purchase from Seller the fuel, if any, situated in any tank on the Property at the prevailing rate with the cost of
<br />measurement here of, if any, being paid by Seller.
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<br />10. EVIDENCE OF TITLE: Seller agrees to use his best efforts to deliver to Buyer as soon as reasonably possible after the acceptance of this offer,
<br />copies of all title information in possession of or available to Seller, including but not limited to: title insurance policies, attorney's opinions on title,
<br />surveys, covenants, deeds, notes and deeds of trust and easements relating to the Property.
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<br />11. LABOR AND MATERIAL: Seller shall furnish at closing an affidavit and indemnification agreement in form satisfactory to Buyer showing
<br />that all labor and materials, if any, furnished to the Property within 120 days prior to the date of closing have been paid for and agreeing to indemnify
<br />Buyer against all loss from any cause or claim arising therefrom.
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<br />i2. PROPERTY DISCLOSURE AND INSPECTIONS:
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<br />(a) Property Disclosure:
<br />[] Buyer has received a signed copy of the Residential Property Disclosure Statement prior to the signing of this Offer to Purchase and Contract.
<br />[] Buyer has NOT received a signed copy of the Residential Property Disclosure Statement prior to the signing of this Offer to Purchase and
<br />Contract and shall have the right to terminate or withdraw this contract without penalty upon receipt of the Residential Property Disclosure Statement
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