Fill and Sign the Each Party Further Agrees that They Are Not Acting Form

Offer to Purchase Commercial Property The undersigned _______________________________________________ (Purchaser) of ___________________________________________________________________________ ________________________________________ (street address, city, county, state, zip code), referred to herein as Purchaser, hereby offers to purchase the commercial real property owned by _______________________________________________________________ (Corporation), a corporation organized and existing under the laws of the state of ____________________________________, with its principal office located at _____________ ______________________________________________________________________________________________________________ (street address, city, county, state, zip code), referred to herein as Seller. 1. The legal description of the commercial real property is as follows: (Insert Legal Description of Commercial Property) __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ Together with all improvements on the property and appurtenances to it, and the articles of equipment and other personal property listed in Exhibit A, which is attached hereto and incorporated herein by reference. The said real and personal property is referred to as Property. 2. Transfer of title to Purchaser shall include all right, title, and interest of Seller in and to all streets, alleys, roads, and avenues adjoining the Property, 3. The title to the Property when delivered to Purchaser shall be by warranty deed conveying good and marketable title, free and clear of all liens, encumbrances, exceptions, and reservations except _____________________________________________________________ ___________________________________ (set forth acceptable defects like utility easements). Such good and marketable title shall be evidenced by a standard form title insurance commitment issued by ___________________________________________________________ (name of title company), subject only to the matters set forth in this Agreement. 4. The purchase price shall be $_____________ cash. Purchaser will tender to
Any and all security, insurance, or other bonds required by law, when required by seller. If purchaser wishes to tender any bonds, purchaser must present such in writing to seller. 5. If purchaser wishes to acquire an interest in any real property, purchaser shall pay the amount necessary for title and necessary security for the property, which value shall be calculated in accordance with this agreement, and shall deliver the property to seller at by not later than (day/time of sale) . 6. Seller shall, without charge, accept, receive, or collect all payments made pursuant to this agreement, whether payment is made on hand, by check, or through an outside credit card or other financing arrangement. Seller will pay purchaser with cash or credit card, cashier's check, or check payable directly to purchaser, on delivery of the property and, upon request, will deliver written evidence of purchase in proper form (for example, sales warrant or lease of the property) to any person requesting proof of buyer's title to the property at time of sale. 7. Each party has the right to purchase all property and fixtures for value at market value, and seller will have no obligations of any kind, personal or otherwise, with any purchaser except to retain any and all property and fixtures. Seller agrees, at its option, to negotiate and execute agreements by which the parties agree to reduce or eliminate liens, to waive any restrictions on liens, to waive any fees or levies as to debt, to waive all or any portion of any taxes, to cancel any contracts or arrangements for the sale, use, or other dealing in the property after expiration of the terms thereof in whole or in part and in connection with such purchase, and to assign the property to such purchaser. 8. Seller agrees, with full power of substitution, to sell the property and fixtures to purchaser at the price set forth on the registration and title documents if such price is equal to or greater than the total price agreed upon by the parties. Seller shall retain as security for such seller's obligations the total amount of all principal and interest of seller, exclusive of finance charges, which is payable to seller at the time such seller delivers the property and which is sufficient to secure the obligations of seller to purchaser under.