Real Estate As-Is Form

REAL ESTATE AS-IS FORM

Parties

Seller Name:

Buyer Name:

Property Identification

Property Address:

As-Is Sale Terms and Acknowledgements

Purchase Price: $    Earnest Money Deposit: $

Closing Date:    Possession Date:

Inspection Period: days from mutual execution of this form.

Seller agrees to sell and Buyer agrees to buy the Property in its present condition "AS IS" and "WHERE IS" with all faults and defects, whether latent or patent. Except for Seller's express written representations in this As-Is Form, Seller makes no warranties, express or implied, including without limitation any warranty of habitability, fitness for a particular purpose, or merchantability. Buyer acknowledges receipt of and opportunity to review all written disclosures provided by Seller and to conduct inspections and investigations of the Property.

Buyer understands and agrees that Seller shall not be required to perform any repairs or remediate any conditions discovered during inspections, except as set forth in a separate written agreement signed by Seller. Buyer's acceptance of the Property in its present condition is a material inducement to Seller's agreement to sell under these terms.

Seller Disclosures (Check applicable and provide description where required)

Lead-Based Paint: Yes No

Mold or Water Intrusion: Yes No

Structural Damage / Foundation Issues: Yes No

Pest Infestation (termite, rodent, etc.): Yes No

Inspections, Remedies and Release

Buyer shall complete all desired inspections and investigations within the Inspection Period specified above. If Buyer is not satisfied, Buyer must deliver written notice to Seller within the Inspection Period specifying the reasons. Failure to timely provide such notice constitutes irrevocable acceptance of the Property in its then condition and waiver of Buyer's right to request repairs or credits.

Buyer, in consideration of Seller's willingness to sell "AS IS", hereby releases Seller from any and all claims for repair or diminution in value arising from conditions existing on or before the date of this Form, except claims based upon Seller's intentional or fraudulent misrepresentation of material facts. Buyer agrees to indemnify and hold Seller harmless from liabilities arising from Buyer's inspections and from Buyer's failure to discover or remedy hazardous conditions.

Financing and Escrow Instructions

Financing Contingency: Yes No

If financing contingency applies, financing contingency deadline:

Default; Remedies; Governing Law

If Buyer fails to close in accordance with this Form and the Purchase Contract, Seller may retain earnest money as liquidated damages or pursue specific performance, at Seller's election, consistent with applicable law. If Seller defaults, Buyer may pursue specific performance or termination and return of earnest money. Remedies provided herein are cumulative and do not exclude any remedy available at law or in equity.

Governing Law: This As-Is Form shall be governed by the laws of the State of without regard to conflict of laws principles.

Entire Agreement; Severability: This Form constitutes the entire agreement between the parties with respect to the matters set forth herein and supersedes prior written or oral agreements to the extent inconsistent. If any provision is held invalid, the remaining provisions shall remain in full force and effect.

Seller's Certification

Seller certifies, to the best of Seller's knowledge, the representations and disclosures contained in this As-Is Form are true and complete as of the date of Seller's signature below. Seller acknowledges that Seller has not knowingly concealed material facts about the Property.

Buyer Acknowledgement

Buyer acknowledges receipt of this As-Is Form, acceptance of the terms hereof, and that Buyer has been afforded the opportunity to conduct inspections and independent investigations prior to closing.

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