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103 4. PURCHASE PRICE AND TERMS. The Purchase Price set forth below shall be payable in U. S. Dollars by Buyer <br />104 as follows: <br />105 <br />106 <br />107 <br />108 <br />109 <br />I10 <br />111 <br />112 <br />113 <br />114 <br />115 <br />116 <br />117 <br />118 <br />119 <br />120 <br />121 <br />122 <br />123 <br />124 <br />125 <br />126 <br />127 <br />128 <br />129 <br />130 <br />L31 <br />132 <br />133 <br />134 <br />135 <br />13b <br />137 <br />138 <br />139 <br />140 <br />141 <br />142 <br />143 <br />144 <br />145 <br />146 <br />.147 <br />148 <br />149 <br />150 <br />151 <br />152 <br />153 <br />I54 <br />155 <br />1S6 <br />157 <br />.. <br />Note: If there is an inconsistency between [he Purchase Peke on the first page and tlils § 4, the am n[ in 4 shall control. <br />a. Earnest Money. The Earnest Money set forth in this section, in the {0}m of , <br />is part payment of the Purchase Price and shall be payable to and held by A..~., ,~-t~-.--~~" <br />(Earnest Money Holder), in its trust account, on behalf of both Seller and Buye-rFThe Earnest Money deposit shall be tendered <br />with this contract unless the parties mutually agree and set forth a different deadline in writing for its payment The garties <br />authorize delivery of the Earnest Money deposit [o the closing company, if any, at or before Closing. In the event Earnest <br />Money Holder has agreed to have interest on earnest money deposits transferred to a fund established for the purpose of <br />providing affordable housing to Colorado residents, Seller and Buyer aclmowledge and agree that any interest accruing on the <br />Earnest Money deposited with the Earnest Money Holder in this transaction shall be transferred to such fund. <br />b. New Loan. <br />(1j New First Loan. Buyer shall obtain anew loan set forth in this section as follows:l~-Conventional <br />^ Other <br />This loan will be secured by'a (1st, 2nd, etc.) deed of trust. <br />The total loan amours not m excess of $ shall be amortized over a period of -zit- years at <br />approximately $ t per month including principal and interest not to exceed _~_eYo per annum, plus, <br />if required by Buyer's lender, a monthly deposit of %: of the estimated annual real estate taxes and property insurance <br />premium. If the loan is an adjustable interest rate or graduated payment loan, the montlily payments and interest rate initially <br />shall not exceed the figures set forth above. <br />Loan discount points, if any, shall be paid to lender at Closing and shall not exceed -~ C'~ _ 40 of the total oars amount. <br />Notwithstanding the loan's interest rate, the fast ~~ -- loan discount points shall be paid by <br />and the balance, if any, shall be paid by ~- <br />Buyer shall timely pay Buyer's loan costs and a loan origination fee not to exceed % of the loan <br />(2) New Second Loan. Buyer shall obtain a new loan set forth in this section as follows: <br />This loan will be secured by a (2nd, etc.) deed of tntst. <br />The total loan amoun4 not in excess of $ , shall be amortized over a pert years at <br />approicimately $ per month including principal and interest not to exceed % per annum. If the <br />loan is an adjustable interest rate or graduated payment loan, the monthly payments and i rate initially shall not exceed <br />the figures set forth above. <br />Loan discount points, if any, shall be paid to tender at Closing and shall n ceed 96 of the total loan amount. <br />Notwithstanding the loan's interest rate, the fast loan dis [ points shall be paid by <br />,and the balance, if any, shall be pat <br />Buyer shall timely pay Buyer's loan costs and a loan o ' nation fee not to exceed °Jo of the loan amount. <br />c. Assumption. Buyer agrces•to assume an y an existing loan in the approximate amount of the Assumption <br />Balance set forth in this section, presently pay at $ per month including principal, interest presently <br />at % per annum, and also incl 'ng escrow for the following as indicated: ^ Real Estate Taxes ^ Property <br />Insurance Premium and <br />Buyer aaorees to pay a to ansfer fee not to exceed $ . At the time of assumption, the new interest <br />rate shall not exceed `9o per annum and the new monthly payment shall not exceed $ principal <br />and interest, plus row, if any. If the actual principal balance of the existing loan at Closing is less than the Assumption <br />Balance, wh' causes the amount of cash required from Buyer at Closing to be increased by more than $ , <br />then uyer May Terminate this contract effective upon receipt by Seller of Buyer's written notice of termination or <br />No. CBS2.7-04. CONTRACT TO BUYAND SELL RP,Ar. ESTATE (COMMERCtAI.J Page 3 of ll <br />Ini~al <br />