Real Estate Land Lot Document

REAL ESTATE LAND LOT PURCHASE AND CONVEYANCE AGREEMENT

Parties

This Agreement is made between the undersigned Seller and Buyer for the conveyance of the land lot described below.

Property Identification

Purchase Terms

Purchase Price: $ payable as follows: earnest money deposit to escrow and balance at closing as described below.

Earnest money to be delivered to Escrow Agent: on or before .

Contingencies and Inspections

Financing contingency: Buyer has days from the Effective Date to obtain loan approval. If financing is not obtained within that period, Buyer may terminate and earnest money shall be returned unless otherwise agreed.

Inspection period: Buyer has days to inspect the property and deliver written objections. Seller shall have a reasonable period to cure title or physical defects specifically identified in Buyer’s written notice.

Survey: Yes No — If a new survey is required, the cost shall be paid by

Title, Deed and Closing

Seller shall convey title by general warranty deed (or other deed as specified) subject only to permitted exceptions and recorded easements. At closing Seller shall deliver marketable title and pay to Buyer any release of liens required to satisfy title objections timely raised.

Representations, Warranties and Covenants

Seller represents and warrants that Seller is the lawful owner of the Property with full authority to sell, that there are no outstanding agreements to sell, no undisclosed liens, and no known material violations of law affecting the Property except as disclosed in writing to Buyer. Buyer covenants to acquire title insurance and to complete the transactions contemplated herein in good faith.

Disclosures

Lead-based paint (if applicable): Yes No

Mold or water intrusion known to Seller: Yes No

Prior structural damage, repairs or material defects: Yes No

Flood zone designation known to Seller: Yes No

Default and Remedies

If Buyer defaults, Seller may retain earnest money as liquidated damages or seek specific performance in addition to other remedies at law or equity. If Seller defaults, Buyer may elect to terminate and receive a return of earnest money or pursue specific performance and damages. Remedies will be cumulative and shall not limit any other remedy available at law or in equity.

Risk of Loss; Insurance

Risk of loss to the Property remains with Seller until closing. Buyer may obtain insurance upon possession consistent with customary practice for vacant land.

Notices

Any notice required under this Agreement shall be in writing and delivered to the addresses set forth above by personal delivery, nationally recognized overnight courier, or certified mail, return receipt requested, and shall be effective upon receipt.

Governing Law; Entire Agreement

This Agreement shall be governed by and construed in accordance with the laws of the state in which the Property is located. This Agreement constitutes the entire agreement between the parties and supersedes all prior agreements, representations and understandings, whether oral or written, with respect to the subject matter hereof.

Miscellaneous

Any amendment must be in writing and signed by both parties. If any provision is held invalid, the remaining provisions will remain in full force and effect. Time is of the essence with respect to all dates and deadlines in this Agreement unless otherwise specified.

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