Revised Real Estate Purchase Agreement

REVISED REAL ESTATE PURCHASE AGREEMENT

This Revised Real Estate Purchase Agreement (Agreement) is made between Seller and Buyer identified below for the purchase and sale of the Property described in this Agreement. The parties agree as follows.

Effective Date and Parties

Effective Date:

Property Identification

Purchase Price and Consideration

Purchase Price: $ payable as follows:

Balance due at Closing: $

Financing and Contingencies

Buyer will obtain financing: Financing contingency applies    Cash/No financing contingency

If financing contingency applies, Buyer has days from Effective Date to obtain a written loan commitment.

Inspection and Due Diligence

Buyer has the right to inspect the Property for a period of days after Effective Date. All inspections shall be at Buyer's expense.

Closing, Title, and Possession

Closing Date: at closing location determined by the parties or escrow/title holder.

Possession to Buyer: unless otherwise agreed in writing.

Title: Seller shall convey marketable title by grant deed or other appropriate instrument, free of liens except those approved in writing by Buyer and those set forth in the title commitment.

Prorations, Costs and Closing Adjustments

Real estate taxes, assessments, rents, utilities, and other customary items shall be prorated as of the Closing Date on a per diem basis. Seller shall pay for all title clearance items required to deliver marketable title, except as otherwise provided herein.

Closing Costs: Buyer to pay ; Seller to pay .

Fixtures, Personal Property and Exclusions

Disclosures

Seller represents that the following disclosures have been provided to Buyer:

Lead-Based Paint Disclosure: Yes   No

Known Mold or Moisture Issues: Yes   No

Prior Structural Damage or Major Repairs: Yes   No

Representations, Warranties and Covenants

Seller represents and warrants that Seller is the lawful owner of the Property, has authority to sell, and there are no undisclosed leases, material defects known to Seller, or judgments affecting title other than those disclosed in writing. Buyer acknowledges reliance on inspections and representations expressly set forth in this Agreement.

Default and Remedies

If Buyer defaults, Seller may retain earnest money as liquidated damages or pursue specific performance or actual damages, subject to applicable law. If Seller defaults, Buyer may elect to terminate and recover earnest money or seek specific performance or damages. Remedies provided herein are cumulative and do not exclude any remedy available at law or in equity.

Risk of Loss

Risk of loss or damage to the Property prior to Closing shall remain with Seller. If substantial damage occurs before Closing, Buyer may elect to terminate or proceed with adjustments for repair at Closing.

Brokerage and Agency

Brokerage commissions, if any, shall be paid as agreed in separate listing or buyer brokerage agreements. Each party represents whether they are represented by a broker and acknowledges any agency relationships in writing.

Notices

All notices required or permitted under this Agreement shall be in writing and delivered to the addresses below by hand delivery, certified mail, or recognized overnight courier and shall be effective upon receipt.

Additional Provisions

Governing Law and 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, together with any attached addenda, constitutes the entire agreement between the parties and supersedes all prior negotiations and agreements. No amendment shall be effective unless in writing and signed by both parties.

Execution

Each party represents that the person signing below is authorized to execute this Agreement on behalf of that party and that all corporate, partnership, trust or other entity approvals required have been obtained.

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