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43 T ef'm51: 44 4S 46 U 41 48 Iff 49 ~ 5- 51 52 53 54 5.5 58 57 sa 59 80 fJ1 SZ G:J 54 55 6. 66 ST 68 69 70 71 on 73 74 75 78 T7 78 19 eo e1 82 B3 84 as SO Irr 83 59 90 91 92 93 94 95 96 97 ~ . - - 12605782. Assumption by Buyer of Existing Note and Deed of Trust. (See rider i.f2105) or Seller to Take Bade Note and Deed of Trust (See rider #2097) Not Contingent Upon FinancIng. This contract is !lot contingent upon financing, however, Buyer reserves the ri9ht to finance any portion of the purd'lase price. CLOSING AND POSSESSION The "Closing" Is e exchan e of the deed for the purchase price. The clo8ing of this sale shall take place on , or any oUler date that both parties agree. Buyer will close at ~ 0 , the title company which provides title insurance. Reg~rdless 0 0 clos s for 8 yer, 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 later ttlan S:DO I). rTJ. of uec.e1J'lf,er I~. ~D05 . (Note: If possession is on 1lI day othsr than day of closing, parties should complete the appropriate rider to this cDntract.) Broker is not responsible for delivery of keys and it is recommended that Buyer change locks following possession. Deed as directed bY' Buyer. Except for ten;,nts lawfully In possesz-ion, 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 or repaino required by this contract, ordinary wear and tear excepted). Buyer and Seller authorize title compaoy and/or closing agent to release to broker(s) signed copies Of the olosing statements. mLE AND SURVEY. Seller shall transfer title to Buyer by general warranty deed (or fiduciary deed, where applicable). subject to the following; a) zoning regulations; b) leases and occupancy of tenants existing on the date contract is e:<eeuted by 8uyer and di5closed to Buyer in writing before execution of contract by Buyer; c) general talCes payable in the current yeelr and thereafter: d) any lien 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 of the property as it exia18 for residential purposes at 1he time of the contract. Check box (whether "Seller to Orde:r, Provide and Purchase Title" or "Suycrtc Ordcr and Purchase Tille"). a Seller To Order. Provide and Purchase TIlle. Not later than days (5 if none stated) alter me "Acceptance Deadline" date, Sell~r wOl order ::l commitment for title insurance to be provided to the Bu~er for both an Owner's policy of title insurance and for fJ Lender's policy Of. title insurance (if required by lender) in the latest ALTA form including mechanics lien coverage from the title compcmy 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 i~urance. at closing, at a cost not to exceed . .. Buyerto pay title cost exceeding this amount aI Buyer to Order .IId PurchllSe Title. Buyer may. at Buyer's option and expense, order Cl 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 mechanics lien coverage from the title company specified in paragraph 5. (Note: This $hould be ordered promptly after contract acceptance In order to allow sufficient time to obtain and review documents, and. if necessary, obJect. to defects that may be dlxaventd.) Buyer may, at Buycer's option and expense. order a Boundary Survey and Improvement Location ("stake survey") or a Surveyor's ReiJl Froperty Report ("spot survey") of the property to detel'lT1rne if there are any defects, encroachments, overlaps. boundary line or acreage discrepancies, or other matters tl\at would be disclosed on a survey. Note: A "atake survey" Iii generally required In order 10 obtain full survey coverage In arr DWI1er's poDey af 611. Insuranee. A "sport survey" Is the minimum report normally ~qulred by a lend.r and It may Dr may not cllselose 3n of t~e defects involving such matters as encroachments, OYltI'I:aps, bound;lry line or acreage dlllcrepancles. ZolB