Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
, <br /> � :xr----., . <br /> � �� rr� g SHOR7 SALE <br /> CON7iNGENCY ADDENDUM <br /> BURNET This tdmi ep�roved by ltte i�iffnesola ASsoc�allon c�REAL70R5', <br /> CB BUitN ET.com wh!Ch dlac�alms any Bahi9ly adsing oul ol use ot misu:te af NUs lorm. <br /> �.�.�i+�:h,i,�...�e.,��li.' �J iO11��(IBS010 ABLOCI.91Wf1 OI REALTQRSy E�ts�t�7N <br /> 1. Daie ....----._— - �2I2a i2 � <br /> 2. Page � -- <br /> 3. Addendum to Purdiasa Agresrn�t bPtwaen pariies,dBtEd� A�cember 2a e� ,20 12 ,pertatnirzy <br /> 4. ;o ihe�urchas�and sala af ihe yxoperry locatad a! x�9a ca.ao Point Road _� __. ,.,, _.,_.,_. <br /> r� orono �t 55331 � <br /> 6. The proceeds of the sale wilf not be sui(icient ta fully pay o!F aIl morigages and olher Ilens against ihe properry.As a <br /> 7. result,$P.IIET TfWSt obtain°sho�t sale"approval Irom one or more credilors.There mey be derious iiar+hoidars from <br /> 8. whom Seiler may need approval:ttus includes but�s nai�imNed to senSot and funior�s,if any,homenwner's associaiians <br /> 3, o�tax Rens. <br /> S0. Short Sa1e Approval !n ttiis Addondum!s def�ned as a mutually acceptabEe agreernent belv�reen tE3e credltoris) and <br /> i i. Soller to accept Buyer's o(fer to purchase the praparly an tha proposed terms or any subseqaeMy agread terms <br /> 1 p, between Buye�and SelSer. <br /> i3. Thfs i'urchase Agrer,n�ent is conlingaN on the Shori 5ale Approval by Seller's cre�ltors. <br /> i 4. Selter shall obtai�the Short 5ale Ap�xoval{s)and notify Buyer,or ilcensea►epresenlin�7 or assisting Buysr,in�vr3ling <br /> t 5_ of lhe approva!(s)no later lhan osla il�� . If Seller fails to obtsin the nscessary approvai(s}and <br /> 16. provtde Buyer,or licensee represeniin9 or�3isU��&ryer,wilh wriEtar►notice by ihis deadNne,this Purchase Agream�ni <br /> t 7. is canceled, irs wh{ch case Buyar and Soller she�immediaEeiy sign a C�i�cellaflon of PurcF►ase Agraamont dkecting <br /> i 8. the release ol trie eamasl rnoney l0 8uyer. <br /> T9. 7he[ollowing provfsEon(s)modf(y anc!supersede anyConflicting tarm(s}in the Purchase Agreement and any Addenda <br /> 20. thsreto dNLY fF the correspondkty box Is marlced(Sel�ctappropriate optior�(s)a-c.}: <br /> 21, r� (g) Noi4rifhsiandlrtg arn�provisEnn of this Purchasa Agreementto tha coNrary,tiuyershall nat be requ�red lo provide <br /> 22, earnest rrtnney unlil Short Salo Approval has been oblained.8uyer shaA pay the earnesE mofley wiihln ihree <br /> 23, (3) b�siness days afier Sa�er pro��ides written noiica to Btsyar, or Ifcenses rapreaenting or nssisting Buyor, <br /> 24. that said approvai has been abfafned(rom all mortyagaes and lienho4ders. <br /> �5. ❑ (b) iVatw+thstandinganyprouisiono€thisPtirchaseAc,�reementtothscontrary,thetimefrarnetaper[ormtnspec11a1(s}shaA <br /> 2S. cantmenC2 on tiTo date that Selfer ptovl8es vni�ien riolice oi Short Saia Approval irom ell morlgagaes and <br /> 27_ fiertholders io Buysr,�r 1ice�ee represenling w ass�SCu�g�uyer,raiher than an final acceplance o(this Purcha&E� <br /> 28_ A�{raernani. <br /> 2g. � (c} Natwilhsta�tding arn/provtsiorti of thls Purchase AgreemeM Eo the contrary,Seller,o�t�censee reprasenting a� <br /> 3p, assisEing Sellsr,�SHALL �SHA�L idp7 t�ave ihe right to co►�tinue to offor the property for sale untH ihis <br /> ._..---_......_�rnco-one.)--. ---__.. <br /> 3#. cantingency is remav�d. <br /> 32. OTHEA; <br /> 33 <br /> 3�#. <br /> 35 <br /> 3S. THfS PACE IS PART QF A LE(3ALLY B1NOlNG CONTRACT SE71P1EEN SUYERfS)AND BELLEA(S), <br /> 37, IFYOU OESIRE LEGAL ORTAX ADVICE,CONS!!!.T AN APPROPRIAT�PRQFESSIONAL. <br /> �,t�tsSC�•1(a�t} <br /> I�stm�f <br /> orms <br />