Fill and Sign the Deposit Receipt Form

Deposit Receipt and Offer to Sell Real Property by Seller Acting Without Broker with Acceptance Received this date from       , of       , (Name of Purchaser) (Street Address)       , hereinafter called the Purchaser , $       as deposit (City, County, State, Zip Code) and earnest money on account of the purchase price for the real property (the Real Property) of the undersigned       , hereinafter called the Seller, situated at (Name of Seller)       , and more particularly described in Exhibit A (Street Address, City, County, State, Zip Code) attached hereto and made a part hereof which Exhibit has been initialed (or signed) by both Parties. For and in consideration of the earnest money so received, Seller offers to sell the Real Property to Purchaser, such offer to continue and remain open until       , on       . (Time of Day) (Date) The sale shall be for the purchase price and on the terms and conditions set forth as follows: 1. The entire purchase price to be paid for the Real Property is $       . The balance of the purchase price, after crediting the deposit, shall be paid as follows:       . (Terms of Payment) 2. Purchaser shall examine title to the Real Property, evidenced by a preliminary title report, to be secured after acceptance from       , and report in writing (Name of Title Company) the valid objections of Purchaser, if any, to the title. The report of objections shall be delivered to       within       days after the acceptance of (Seller or Seller's Attorney) (Number) this offer by Purchaser. 3. Title to be delivered shall be good and merchantable, transferred by a properly executed and acknowledged warranty deed. 4. If the sale of the Real Property is not consummated by reason of the failure of Purchaser, after Purchaser's acceptance, to complete payment as above-provided, the deposit shall be retained by Seller as liquidated damages for such failure, and all rights of Purchaser under this offer shall terminate. 5. If Seller is unable to comply with the objections to title of Purchaser, or any of them, the deposit shall be returned to Purchaser within a reasonable time, but not to exceed       (Number) days, after receipt by Seller of the report of objections to title. Deposit Receipt and Offer to Sell Real Property Page 1 of 2 6. The following items shall be prorated between Seller and Purchaser as of the date of delivery of the deed and payment of the balance of the purchase price: taxes and assessments for the current tax year, fire and other casualty insurance on policies acceptable to Purchaser, and rents on existing tenancies. 7. Time is of the essence of this instrument. If not accepted by Purchaser by signing the endorsement below and returning a counterpart of this instrument to Seller, within the period above-specified, this offer shall terminate and the deposit referred to above shall be returned to Purchaser. Executed in duplicate by the undersigned on the       day of       , 20       . (Signature of Seller)       (Printed Name of Seller) The undersigned Purchaser does hereby accept the above offer and agree to purchase the said Real Property on the terms and conditions stated. I have retained a counterpart of this instrument and I am this day returning a fully executed counterpart to Seller. Executed in duplicate by the undersigned on the       day of       , 20       . (Signature of Purchaser)       (Printed Name of Purchaser) Deposit Receipt and Offer to Sell Real Property Page 2 of 2