Real Estate Contract and Certificates

REAL ESTATE CONTRACT AND CERTIFICATES

This Real Estate Contract and Certificates (the "Agreement") is entered into by the parties identified below concerning the property described herein. The parties agree as follows.

Parties and Effective Date

Buyer Name:

Buyer Address:

Seller Name:

Seller Address:

Effective Date:

Property Identification

Purchase Price and Financing

Financing Contingency: Buyer shall obtain credit approval by . If financing is not obtained by that date, Buyer may terminate in accordance with the contingency provisions below.

Earnest Money and Escrow

Earnest money shall be delivered to the Deposit Holder within days after the Effective Date, subject to escrow instructions. The earnest money shall be applied to the Purchase Price at closing or disposed of according to the terms of this Agreement.

Inspections and Due Diligence

Inspection Period: Buyer shall have days from Effective Date to complete inspections and investigations of the Property. If Buyer discovers material defects, Buyer may deliver written notice to Seller specifying cure or termination within the Inspection Period.

Seller Certificates and Disclosures

The Seller makes the following representations and certifies the accuracy of the responses below to the best of Seller’s knowledge as of the Effective Date. Seller acknowledges these are material terms of the Agreement.

1. Lead-Based Paint (for properties built before 1978)

Yes No

2. Mold, Water Intrusion, or Structural Damage

Yes No

3. Prior Material Repairs, Insurance Claims, or Property Damage

Yes No

4. Pest or Termite Treatment within last 5 years

Yes No

5. Flood Zone or Known Flooding History

Yes No

Seller Certification: Seller certifies, under penalty of perjury, that Seller has disclosed to Buyer all material facts known to Seller affecting the value or desirability of the Property, including but not limited to title encumbrances, environmental contamination, rental or lease agreements, pending litigation affecting the Property, building code violations, and any facts required by applicable law.

Closing, Conveyance and Possession

Closing Date: The closing shall occur on or before unless extended by mutual written agreement. Conveyance shall be by general warranty deed (or as otherwise agreed) free and clear of liens except those accepted by Buyer.

Possession: Possession of the Property shall be delivered to Buyer on subject to the terms herein.

Prorations: Taxes, rents, utilities, and other customary items shall be prorated as of the Closing Date, subject to final adjustments at Closing.

Default and Remedies

If Buyer defaults, Seller may retain earnest money as liquidated damages or pursue specific performance and damages as permitted by law. If Seller defaults, Buyer may elect to terminate and recover earnest money, seek specific performance, or pursue other remedies available at law or in equity. Parties agree any election of remedies shall be without waiver of other remedies unless expressly stated in writing.

Title, Survey and Insurance

Title Insurance: Seller shall furnish marketable title and Buyer shall obtain at Buyer’s expense an owner’s policy of title insurance in the amount of the Purchase Price, subject to permitted exceptions. Survey obligations, if any, shall be as set forth in this Agreement or the escrow instructions.

Representations, Warranties and Indemnity

Seller represents and warrants that Seller is the sole owner of the Property with full power to sell, there are no undisclosed leases or tenancies other than those disclosed in writing, and no material violations of law exist, except as disclosed. Buyer and Seller shall indemnify each other for breaches of their respective representations and for liabilities arising from their actions or omissions prior to Closing.

Miscellaneous Provisions

Governing Law: This Agreement shall be governed by and construed in accordance with the laws of the state in which the Property is located. Venue for disputes shall lie in the state or federal courts with competent jurisdiction where the Property is located.

Entire Agreement: This Agreement, including all certificates and disclosures attached or incorporated by reference, constitutes the entire agreement between the parties and supersedes all prior written or oral agreements relating to the transaction. Any amendment must be in writing and signed by both parties.

Acknowledgment

Each party acknowledges that they have read this Agreement, had the opportunity to seek independent legal advice, and understand all terms, disclosures, and certificates contained herein. Each party warrants that the information provided in this Agreement is true and correct to the best of their knowledge.

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