2019-02-13_REVISION - M2000077 (5)

Home Browse Search

163 32 §10.6 Due Diligence Documents Resolution Deadline 3/25/2019 Monday 164 33 §10.6 Environmental Inspection Termination Deadline 165 166 34 §10.6 ADA Evaluation Termination Deadline 167 35 §10.7 Conditional Sale Deadline 168 169 Lead-Based Paint Termination Deadline (if 170 36 §10.10 Residential Addendum attached 171 37 § 11.1,11.2 Estoppel Statements Deadline J 172 173 38 §11.3 Estoppel Statements Termination Deadline 174 Closing and Possession 175 --- 176 39 §12.3 Closing Date 4/3/2019 Wednesday 177 40 §17 Possession Date 41312019 Wednesday 179 41 §17 Possession Time At Delivery of Deed 180 42 §28 _Acceptance Deadline Date 112112019 Monday 181 43 §28 Acceptance Deadline Time 182 — 183 44 184 45 � 185 186 187 3.2. Applicability of Terms.Any box checked in this Contract means the corresponding provision 188 applies. If any deadline blank in § 3.1 (Dates and Deadlines) is left blank or completed with the abbreviation "N/A", 189 190 or the word "Deleted," such deadline is not applicable and the corresponding provision containing the deadline is 191 deleted. If no box is checked in a provision that contains a selection of"None", such provision means that"None" 192 applies. 193 194 The abbreviation "MEC" (mutual execution of this Contract) means the date upon which both parties have signed 196 this Contract. 197 198 4. PURCHASE PRICE AND TERMS. 199 200 4.1. Price and Terms. The Purchase Price set forth below ig payable in i j.C. nnllarg by Ri war 8S fnllMA10. 201 202 Item No. Reference Item Amount Amount 203 204 1 § 4.1 Purchase Price $100,000.00 205 2 § 4.3 Earnest Money $2,500.00 206 207 3 § 4.5 New Loan 20 209 § 4.6 Assumption Balance 4 210 5 § 4.7 Private Financing 211 212 6 § 4.7 Seller Financing 213 7 214 215 8 21 217 9 § 4.4 Cash at Closing $97,500.00 218 10 TOTAL $100,000.001 $100 000.00 219 220 221 4.2. Seller Concession.At Closing, Seller will credit to Buyer$ none(Seller Concession).The 222 Seller Concession may be used for any Buyer fee, cost, charge or expenditure to the extent the amount is allowed 223 by the Buyer's lender and is included in the Closing Statement or Closing Disclosure at Closing. Examples of 224 allowable items to be paid for by the Seller Concession include, but are not limited to: Buyer's closing costs, loan 226 discount points, loan origination fees, prepaid items and any other fee, cost, charge, expense or expenditure. 227 Seller Concession is in addition to any sum Seller has agreed to pay or credit Buyer elsewhere in this Contract. 228 4.3. Earnest Money.The Earnest Money set forth in this section, in the form of a corporate check, 229 will be payable to and held b Empire Tifle Earnest Money Holder), in its trust account, on behalf of both Seller 230 p Y Y p� ( Y ) 231 and Buyer.The Earnest Money deposit must be tendered, by Buyer, with this Contract unless the parties mutually 232 agree to an Alternative Earnest Money Deadline for its payment.The parties authorize delivery of the Earnest 233 234 Money deposit to the company conducting the Closing (Closing Company), if any, at or before Closing. In the 235 event Earnest Money Holder has agreed to have interest on Earnest Money deposits transferred to a fund 236 established for the purpose of providing affordable housing to Colorado residents, Seller and Buyer acknowledge 237 and agree that any interest accruing on the Earnest Money deposited with the Earnest Money Holder in this 2338 transaction will be transferred to such fund. 240 9 4.3.1. Alternative Earnest Money Deadline. The deadline for delivering the Earnest Money, if 241 other than at the time of tender of this Contract, is as set forth as the Alternative Earnest Money Deadline. 242 4.3.2. Return of Earnest Money. If Buyer has a Right to Terminate and timely terminates, 243 Buyer is entitled to the return of Earnest Money as provided in this Contract. If this Contract is terminated as set