Manufactured Home Purchase Order and Federal Disclosure Statement Form

MANUFACTURED HOME PURCHASE ORDER AND FEDERAL DISCLOSURE STATEMENT

Purchaser:    Date:

Address:    Phone:

City:    State:    ZIP:    Salesperson:

Subject to the terms and conditions stated on both pages of this agreement Seller agrees to sell and Purchaser agrees to purchase the following MFD./MBL. Home:

Make:    Model:    BDRM.:

Home is Location:

L. W.:    Serial #:    Approx Del Date:

HUD #:    Dt. of Mfg:

Sq. Ft Living Area:    Date MFD. Ord.:    Escrow Open:    STK #/Other:

MFD. Home Price:

ITEMIZED ACCESSORIES AND THEIR COSTS: (SEE ADDENDUMS)

DESCRIPTION OF TRADE-IN

Make:    Model:    BDRMS.:

License #:    Serial #:    Color:

Payoff Account #:

Lienholder / Address / Phone:

Ventilation Improvement - New Only: I have received ventilation improvement information for this MFD/MBL home.

THE DEALER CERTIFIES THAT THE INSTALLATION CONTRACTOR IS:

Name:

License #:

Bus. Address:

City:    State, ZIP:

INSURANCE NOTICE

Warning — Unless a charge is included in this Agreement for Public Liability or Property Damage Insurance, payment for such coverage is not provided by this agreement.

Notice: No person is required as a condition precedent to financing the purchase of a manufactured home to purchase insurance through a particular insurance agent or broker.

PAYABLE AS FOLLOWS:

In the event the manufactured home cannot be delivered and/or inspection completed within the agreed delivered time due to nonperformance by the buyer, buyer agrees to one of the following at the option of seller:

Option 1: Pay in charge per day until manufactured home installation acceptance or certification of occupancy is obtained in additional to all other consideration owing.

Option 2: Pay the sum of in lieu of total consideration.

NOTICE TO BUYER

(A) Do not sign the purchase agreement before you read it or if it contains any blank spaces to be filled in.

(B) You are entitled to a completed filled-in copy of that agreement and, if purchasing a manufactured/mobile home covered by a warranty, a copy of the warranty.

The manufactured home that I am purchasing will be used as a residence. I certify that I understand that if subject manufactured home is used for any purpose other than a residence, I may be liable to the State or Board of Equalization for the tax measured by the amount exceeded pursuant to this certificate.

Purchaser Date:

RECEIPT OF A FILLED-IN COPY OF THIS AGREEMENT IS HEREBY ACKNOWLEDGED BY THE PURCHASER

The purchase order is subject to credit approval and is not binding unless signed by an authorized representative of seller.

Purchaser certifies that he is of legal age, and agrees to sign a security agreement according to the terms herein in the event payment figures on a trade-in toward the purchase of a manufactured or mobile home are more than quoted by the purchaser.

The purchaser hereby agrees to pay this excess on demand.

ALL TERMS AND CONDITIONS SET FORTH ON THE OTHER PAGE OF THIS AGREEMENT ARE INCORPORATED HEREIN AND ARE FULLY APPLICABLE AS THOSE SET FORTH ON THE FIRST PAGE OF THIS AGREEMENT.

Additional Terms and Conditions

The order on the first page hereof is subject to the following terms and conditions, all of which have been mutually agreed upon.

1. Purchaser assumes all responsibility for the proper preparation of his property to both receive and locate the said manufactured home by ...

2. Parties understand that seller shall retain title to the manufactured home until payment in full of the entire purchase price whether or not possession of the manufactured home has been transferred to buyer.

3. In the event of default by purchaser upon any of the terms of this agreement and without notice to buyer, seller may declare the entire unpaid balance of this agreement immediately due and payable.

4. Should the security represented by the manufactured home, in fact, be impaired, seller may sue buyer for the entire unpaid balance owing from buyer to seller on the contract.

5. Should there be substantial damage to the manufactured home upon repossession, buyer will be obligated for the difference between the amount owing to the seller and amount obtained from any repossession sale.

6. The manufactured home herein shall remain personal property and will not be placed on a foundation system, becoming affixed to or become any part of any real property without express written consent of seller until payment of the entire balance as set forth in this agreement.

7. With regard to any trade-ins buyer represents that he has fully disclosed the owner and all lien holders together with the amount of any lien upon said trade-in item.

8. In the event of delay in delivery of the manufactured home due to fire, strikes, acts of God or any other delay not occasioned by an action of seller, such delay shall not result in either buyer being able to avoid completion of his contract or buyer being able to obtain damages against seller.

9. The parties understand that it may be necessary to obtain permits to move the manufactured home on the public highways and both parties shall take all actions necessary to effectuate same.

10. Any movement of the manufactured home by buyer from its designated location shall constitute a breach of this agreement, giving rise to all of the remedies made available to seller herein above set forth.

11. Buyer understands that the taxation of the manufactured home may be in-lieu or local property taxation.

12. The parties understand and agree that seller may transport and/or deliver and/or set up the manufactured home or, buyer may directly deliver and set-up same or designate and supervise the delivery and set-up of same as more particularly set forth on the first page hereof.

13. All liens, including secondary lien holders, shall be designated on the first page hereof.

14. Time is specifically declared to be the essence in this agreement.

15. Acceptance of partial or late payment called for herein does not waive the right to receive all other payments on time and in full. No changes in any of the terms of this agreement will be valid unless made in writing and signed by both parties.

16. In the event a court of competent jurisdiction declares one or more of the provisions of this agreement to be invalid, the remaining terms of this agreement shall continue to be in full force and effect.

17. This agreement shall be binding upon and shall enure to the benefit of the parties hereto, their heirs, assigns and successors in interest.

18. In the event of breach of any of the terms of this agreement, or shall it become necessary for either party to seek legal redress against the other to enforce any of the terms of this agreement, the party not in default shall be awarded reasonable attorney's fees and court costs as well as any other damages to which it may be entitled.