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<G Terms: 44 <IS 46 U 47 48 I!l 49 SO 5. 5' 52 53 54 55 58 57 sa 58 80 1J1 SZ G:l a4 lS5 6. 66 ~ sa 69 70 71 72 73 74 75 76 T7 78 19 80 61 B2 B3 e4 as SO 8T 88 Il9 90 91 112 93 94 !IS 98 gr 9l$ , - - 12605782. Assumption by Buyer of Existing Note and Deed Df Trust. (See rider #2105) or Seller to Take Back Note and Deed of Trust (See rider #2097) Not Contingent Upon Financing. This contract is not contingent upon financing, however, Buyer reserves the right to finance any portion of the purctlase price. CLOSING AND POSSESSION The "Closing" Is t e exchan e The closing of this sale shall take place on , or any other date that both parties agree. Buyer will close at Q . Ie 0 , the title company which provides title insurance. Regardless of 0 clos for 8 er, Se ler may close at the title company of Seller's choice. Tille will pass when the sale is closed. Pqssession of the property and keys to be delivered to Buyer no laler ll't~n . 5:10 f' 1'1). of ~~c.e,"~e(' I~. ~DD5 , (Note: If possession is on a day othsr than da, of closing, parties should complete the appropriate rider to this contract.) Broker is not responsible for delivery of keys and it is recommended that Buyer change locks following possession. Deed 8S direcled by Buyer. Except for tenants lawfully In possession, Seller warrants that the property will be . vacant as of time l)f possession and delivered Lo Buyer in its present condition (together with any Improvements OS' repain; required by this contract, ordinary wear and tear excepted). Buyer and Seller authorize title compa(lY and/or closing agent to release to broker(s) signed copies of the closing statements. TITLE AND SURVEY. Seller shall transfer title to Buyer by general warranty deed (or fiduciary deed, where applicable), subject to the following: a) z:oning regulations; b) leases and occupancy of tenants existing on the date contract is executed by Buyer and disclosed to Buyer in writing before execution of contract by Buyer; 0) general taxes payable in the current year and thereafter: d) any lilitn or encumbrance created by or assumed by Buyer in writing or any easement accepted by Buyer in writing; e} subdivision, use and other restrictions, rights of way and utility easements, all of record, which do not adversely affect the use or the property as it exists for residenual purposes at '!he time of the contract. Check box (whether "Seller to Orde:r, Provide and Purchase Title" or "Suycrto Order and Purchase Title'). a Seller To order. Provide and Purchase TIle, Not later than days (5 if none stated) alter tne "Acceptance DeadJlne~ date, Seller will order :I commitment for title insurance to be provided to the Bu~er ror both an Owner's policy of title insurance and for d Lender's policy of title insurance (if reqUIred by lender) In the latest ALTA form including mechaniClS lien coverage from the title company selected In paragraph 5. Seller and Buyer authOrize and direct the title company to furnish this commitment to the selling and listing Broker. Seller shall pay for the title il'll:lurance. at closing, at a cost not to exceed . .. Buyer to pay title cost exceeding this amount 13 Buyar to Order .nd P1Jrd1ase 1ltIe. Buyer may, at Buyer's option and expense. order a title examination and a commitment to issue an owner's and/or lender's policy of title Insurance in the latest AL TA form including mechanies lien coverage from the title company specified in paragraph 5. (Note: This should be ordered promptly after contract acc8ptanc. In order to :allow surnclent time to obtain and reriew documents, and. if. necessary, object to defects that may be dlscDVe,.lf,) Buyer may, at 8uy~fs option and expense, order a Boundary Survey and Improvement Location ("stake survey") or C! Surveyor's Rei31 Froperty Report C"spot survey") of the property to determine if there are any dcfGcb;, encroachments, overlaps, boundary line or acreage discrepancies, or other matters that would be disclosed on a survey. Note: A "stake survey" ls generally required In order to obtain full survey coverage In an owner's policy of 1It1. Insurance. A "$pot $lIrveyn Is the minimum report normally ~qulred by II IlInd.r and It mllY or may not dlselose 311 of ttl1~ defl:cts involving such malters as encroachmRnb, Clv.rlaps, bound::lry line or acreage discrepancies. 20'S