Initialed for identification by Buyer_______and Seller________ Page 1 of 12 PROMULGATED BY THE __________ REAL ESTATE COMMISSION ONE TO FOUR FAMILY RESIDENTIAL CONTRACT (RESALE) FHA INSURED OR VA GUARANTEED FINANCING Notice: Not For Use For Condominium Transactions 1. PARTIES: ________________________________________ (Seller) agrees to sell and
convey to __________________________________________ (Buyer) and Buyer agrees
to buy from Seller the property described below.2.PROPERTY: Lot _________, Block _____, ___________________________
Addition, City of _____________________, ___________________ County, ______________, known as _____________________________________(Address/Zip Code), or as described on attached exhibit, together with the following items, if any:
curtains and rods, draperies and rods, valances, blinds, window shades, screens, shutters,
awnings, wall-to-wall carpeting, mirrors fixed in place, ceiling fans, attic fans, mail
boxes, television antennas and satellite dish system with controls and equipment,
permanently installed heating and air-conditioning units, window air-conditioning units,
built-in security and fire detection equipment, plumbing and lighting fixtures including
chandeliers, water softener, stove, built-in kitchen equipment, garage door openers with
controls, built-in cleaning equipment, all swimming pool equipment and maintenance
accessories, shrubbery, landscaping, permanently installed outdoor cooking equipment,
built-in fireplace screens, artificial fireplace logs and all other property owned by Seller
and attached to the above described real property except the following property which is
not included: __________________________. All property sold by this contract is
called the "Property." The Property ( ) is ( ) is not subject to mandatory
membership in an owners' association. The __________ Addendum For Property Subject
To Mandatory Membership In An Owners’ Association ( ) is ( ) is not attached.3. SALES PRICE:A. Cash portion of Sales Price payable by Buyer at closing .................... $____________B. Sum of all financing described below ..................................................$____________(excluding VA Funding Fee or FHA Mortgage Insurance Premium [MIP])C. Sales Price (Sum of A and B) ............................................................. $____________4. FINANCING: Within _____ days after the effective date of this contract Buyer shall
apply for and make every reasonable effort to obtain financing. Financing will be deemed
to have been obtained when the lender has determined that Buyer has satisfied all of
lender's financial requirements (those items relating to Buyer's net worth, income and
creditworthiness). If financing (including any financed MIP or Funding Fee) is not
FHA or VA Residential Contract Concerning ___________________________________
(Address of Property)Initialed for identification by Buyer_______and Seller________ Page 2 of 12 obtained within ______ days after the effective date hereof, this contract will terminate
and the earnest money will refunded to Buyer. The portion of the Sales Price not payable
in cash will be paid as follows:(Check applicable boxes below)( )A. FHA INSURED FINANCING: This contract is subject to approval for Buyer
of a Section _______ FHA insured loan of not less than $___________
(excluding any financed MIP), amortizable monthly for not less than years, with
interest not to exceed % per annum for the first year(s) of the loan. As required by
HUD-FHA, if FHA valuation is unknown, "It is expressly agreed that,
notwithstanding any other provisions of this contract, the purchaser (Buyer) shall
not be obligated to complete the purchase of the Property described herein or to
incur any penalty by forfeiture of earnest money deposits or otherwise unless the
purchaser (Buyer) has been given in accordance with HUD/FHA or VA
requirements a written statement issued by the Federal Housing Commissioner,
Department of Veterans Affairs, or a Direct Endorsement Lender setting forth the
appraised value of the Property of not less than $ _____________________. The
purchaser (Buyer) shall have the privilege and option of proceeding with
consummation of the contract without regard to the amount of the appraised
valuation. The appraised valuation is arrived at to determine the maximum
mortgage the Department of Housing and Urban Development will insure.
HUD does not warrant the value or the condition of the Property. The
purchaser (Buyer) should satisfy himself/herself that the price and the condition
of the Property are acceptable. If the FHA appraised value of the Property
(excluding closing costs and MIP) is less than the Sales Price (3C above), Seller
may reduce the Sales Price to an amount equal to the FHA appraised value
(excluding closing costs and MIP) and the parties to the sale shall close the sale at
such lower Sales Price with appropriate adjustments to 3A and 3B above.( )B. VA GUARANTEED FINANCING: This contract is subject to approval for
Buyer of a VA guaranteed loan of not less than $_____________ (excluding any
financed Funding Fee), amortizable monthly for not less than _____ years, with
interest not to exceed _________% per annum for the first ________ year(s) of
the loan. VA NOTICE TO BUYER: It is expressly agreed that, notwithstanding any other
provisions of this contract, the Buyer shall not incur any penalty by forfeiture of
earnest money or otherwise or be obligated to complete the purchase of the
Property described herein, if the contract purchase price or cost exceeds the
reasonable value of the Property established by the Department of Veterans
Affairs. The Buyer shall, however, have the privilege and option of proceeding
with the consummation of this contract without regard to the amount of the
reasonable value established by the Department of Veterans Affairs.
FHA or VA Residential Contract Concerning ___________________________________
(Address of Property)Initialed for identification by Buyer_______and Seller________ Page 3 of 12 If Buyer elects to complete the purchase at an amount in excess of the reasonable
value established by VA, Buyer shall pay such excess amount in cash from a
source which Buyer agrees to disclose to the VA and which Buyer represents will
not be from borrowed funds except as approved by VA. If VA reasonable value
of the Property is less than the Sales Price (3C above), Seller may reduce the
Sales Price to an amount equal to the VA reasonable value and the parties to the
sale shall close at such lower Sales Price with appropriate adjustments to 3A and
3B above.( )C. ____________ VETERAN’S HOUSING ASSISTANCE PROGRAM
LOAN: This contract is subject to approval for Buyer of a _________________
Veterans’ Housing Assistance program Loan of $____________ for a period of at
least __________ years at the interest rate established by the _________________ Veteran’s Land Board at the time of closing.5.EARNEST MONEY: Buyer shall deposit $ ___________ as earnest money with
__________________________ at ___________________________________ (Address), as escrow agent, upon execution of this contract by both parties. Additional
earnest money of $________ must be deposited by Buyer with escrow agent on or before
____________________, 20______. If Buyer fails to deposit the earnest money as
required by this contract, Buyer will be in default.6.TITLE POLICY AND SURVEY:( )A. TITLE POLICY: Seller shall furnish to Buyer at ( ) Seller’s ( ) Buyer ’s
expense an owner policy of title insurance (the Title Policy) issued by
__________________________ (the Title Company) in the amount of the Sales
Price, dated at or after closing, insuring Buyer against loss under the provisions of
the Title Policy, subject to the promulgated exclusions (including existing building and zoning ordinances) and the following exceptions:(1) Restrictive covenants common to the platted subdivision in which the Property
is located.(2) The standard printed exception for standby fees, taxes and assessments. (3) Liens created as part of the financing described in Paragraph 4.(4) Utility easements created by the dedication deed or plat of the subdivision in
which the Property is located.(5) Reservations or exceptions otherwise permitted by this contract or as may be
approved by Buyer in writing.(6) The standard printed exception as to discrepancies, conflicts, shortages in area
or boundary lines, encroachments or protrusions, or overlapping improvements.(7) The standard printed exception as to marital rights.
FHA or VA Residential Contract Concerning ___________________________________
(Address of Property)Initialed for identification by Buyer_______and Seller________ Page 4 of 12 (8) The standard printed exception as to waters, tidelands, beaches, streams, and
related matters.Within 20 days after the Title Company receives a copy of this contract, Seller shall
furnish to Buyer a commitment for title insurance (the Commitment) and, at Buyer's
expense, legible copies of restrictive covenants and documents evidencing exceptions in
the Commitment other than the standard printed exceptions. Seller authorizes the Title
Company to mail or hand deliver the Commitment and related documents to Buyer at
Buyer's address shown below. If the Commitment is not delivered to Buyer within the
specified time, the time for delivery will be automatically extended up to 15 days.
Buyer will have 7 days after the receipt of the Commitment to object in writing to matters
disclosed in the Commitment.( ) B. SURVEY: Within _____ days after Buyer’s receipt of a survey furnished
to a third-party lender at ( ) Seller’ s ( ) Buyer’ s expense, Buyer may object
in writing to any matter shown on the survey which constitutes a defect or
encumbrance to title. The survey must be made by a Registered Professional Land Surveyor acceptable
to the Title Company and any lender. Utility easements created by the dedication deed
and plat of the subdivision in which the Property is located will not be a basis for
objection.Buyer may object to existing building and zoning ordinances, items 6A(1) through (8) above and matters shown on the survey if Buyer determines that any such ordinance,
items or matters prohibits the following use or
activity:____________________________________________________________________________________________________________________________________Buyer’s failure to object under Paragraph 6A or 6B within the time allowed will constitute a
waiver of Buyer’s right to object; except that the requirements in Schedule C of the Commitment
will not be deemed to have been waived. Seller shall cure the timely objections of Buyer or any
third party lender within 15 days from the date Seller receives the objections and the Closing
Date will be extended as necessary. If objections are not cured by the extended Closing Date, this
contract will terminate and the earnest money will be refunded to Buyer unless Buyer elects to
waive the objections.NOTICE TO SELLER AND BUYER:(1) Broker advises Buyer to have an abstract of title covering the Property examined by an
attorney of Buyer’s selection, or Buyer should be furnished with or obtain a Title Policy.
If a Title Policy is furnished, the Commitment should be promptly reviewed by an
FHA or VA Residential Contract Concerning ___________________________________
(Address of Property)Initialed for identification by Buyer_______and Seller________ Page 5 of 12 attorney of Buyer’s choice due to the time limitations on Buyer’s right to object.(2) If the Property is situated in a utility or other statutorily created district providing water,
sewer, drainage, or flood control facilities and services, Chapter ____________ of the
__________ Water Code requires Seller to deliver and Buyer to sign the statutory notice
relating to the tax rate, bonded indebtedness, or standby fee of the district prior to final
execution of this contract.(3)If the Property abuts the tidally influenced waters of the state, § 33.135, _________
Code, requires a notice regarding coastal area property to be included in the contract. An
addendum either promulgated by _______________ or required by the parties should be
used.(4)Buyer is advised that the presence of wetlands, toxic substances, including asbestos and
wastes or other environmental hazards or the presence of a threatened or endangered
species or its habitat may affect Buyer’s intended use of the Property. If Buyer is
concerned about these matters, an addendum either promulgated by ______________ or
required by the parties should be used.(5)Unless expressly prohibited in writing by the parties, Seller may continue to show the
Property for sale and to receive, negotiate and accept back-up offers.(6)Any residential service contract that is purchased in connection with this transaction
should be reviewed for the scope of coverage, exclusions and limitations. The
purchase of a residential service contract is optional. Similar coverage may be
purchased from various companies authorized to do business in ________________.7. PROPERTY CONDITION:A.INSPECTIONS, ACCESS AND UTILITIES: Buyer may have the Property
inspected by an inspector selected by Buyer, licensed by _________________ or otherwise permitted by law to make such inspections. Seller shall permit access to
the Property at reasonable times for inspection, repairs and treatment and for
reinspection after repairs and treatment have been completed. Seller shall pay for
turning on utilities for inspection and reinspection.B. SELLER’S DISCLOSURE NOTICE PURSUANT TO §_____________,
_______________ PROPERTY CODE (Notice) (check one box only):( )(1) Buyer has received the Notice.( )(2) Buyer has not received the Notice. Within ______ days after the
effective date of this contract, Seller shall deliver the Notice to Buyer. If
Buyer does not receive the Notice, Buyer may terminate this contract at
any time prior to the closing. If Seller delivers the Notice, Buyer may
terminate this contract for any reason within 7 days after Buyer receives
the Notice or prior to the closing, whichever first occurs.
FHA or VA Residential Contract Concerning ___________________________________
(Address of Property)Initialed for identification by Buyer_______and Seller________ Page 6 of 12 ( )(3) The _________________ Property Code does not require this Seller to
furnish the Notice.C. SELLER’S DISCLOSURE OF LEAD-BASED PAINT AND LEAD-BASED
PAINT HAZARDS is required by Federal law for a residential dwelling constructed
prior to 1978. An addendum providing such disclosure ( ) is ( ) is not
attached.D. ACCEPTANCE OF PROPERTY CONDITION: (check one box only):( )(1) In addition to any earnest money deposited with escrow agent, Buyer has paid
Seller $_________ (the Option Fee) for the unrestricted right to terminate this
contract by giving notice of termination to Seller within ________ days after the
effective date of this contract. If Buyer gives notice of termination within the time
specified, the Option Fee will not be refunded, however, any earnest money will
be refunded to Buyer. If Buyer does not give notice of termination within the time
specified, Buyer will be deemed to have accepted the Property in its current
condition and the Option Fee ( ) will ( ) will not be credited to the Sales
Price at closing.( )(2) Buyer accepts the Property in its present condition; provided Seller, at Seller’s
expense, shall complete the following repairs and treatment:___________________________________________________________________________________________________________________________________________.E. LENDER REQUIRED REPAIRS AND TREATMENT (REPAIRS): Unless
otherwise agreed in writing, neither party is obligated to pay for lender required
repairs or treatments for wood destroying insects. If the cost of lender required
repairs exceeds 5% of the Sales Price, Buyer may terminate this contract.F. COMPLETION OF REPAIRS AND TREATMENT. Unless otherwise
agreed by the parties in writing, Seller shall complete all agreed repairs and
treatment prior to the Closing Date. Repairs and treatments must be performed
by persons who regularly provide such repairs or treatments At Buyer’s election,
any transferable warranties received by Seller with respect to the repairs will be
transferred to Buyer at Buyer’ s expense. If Seller fails to complete any agreed
repairs and treatment prior to the Closing Date, Buyer may do so and the Closing
Date will be extended up to 15 days, if necessary, to complete repairs and
treatment or treatments for wood destroying insects.8. BROKERS' FEES: All obligations of the parties for payment of brokers’ fees are
contained in separate written agreements.
FHA or VA Residential Contract Concerning ___________________________________
(Address of Property)Initialed for identification by Buyer_______and Seller________ Page 7 of 12 9.CLOSING: The closing of the sale will be on or before ___________________,
20______, or within 7 days after objections to matters disclosed in the Commitment or by
the survey have been cured, whichever date is later (the Closing Date). If financing or
assumption approval has been obtained pursuant to Paragraph 4, the Closing Date will
be extended up to 15 days if necessary to comply with lender's closing requirements (for
example, appraisal, survey, insurance policies, lender-required repairs, closing
documents). If either party fails to close this sale by the Closing Date, the non-defaulting
party will be entitled to exercise the remedies contained in Paragraph 15. At closing
Seller shall furnish tax statements or certificates showing no delinquent taxes and a
general warranty deed conveying good and indefeasible title showing no additional
exceptions to those permitted in Paragraph 6.10.POSSESSION: Seller shall deliver possession of the Property to Buyer on
_______________________ in its present or required repaired condition, ordinary wear and tear excepted. Any possession by Buyer prior to closing or by Seller after closing which is not
authorized by a temporary lease from promulgated by _________________ or required by the
parties will establish a tenancy at sufferance relationship between the parties. Consult your
insurance agent prior to change of ownership or possession as insurance coverage may be
limited or terminated. The absence of a written lease or appropriate insurance coverage may
expose the parties to economic loss.11.SPECIAL PROVISIONS: (Insert only factual statements and business details
applicable to this sale. _________________ rules prohibit licensees from adding factual
statements or business details for which a contract addendum, lease or other form has
been promulgated by _________________ for mandatory use.)12. SETTLEMENT AND OTHER EXPENSES:A. The following expenses must be paid at or prior to closing:(1) Appraisal fees will be paid by ____________________________________________.(2) The total of loan discount fees (including any _________________ Veterans’
Housing Assistance Program Participation Fee) may not exceed _____% of the loan of which
Seller shall pay ___________________ and Buyer shall pay the remainder. The total of any
buydown fees may not exceed ________________ which will be paid by __________________.(3) Seller's Expenses: Releases of existing liens, including prepayment penalties and
recording fees; release of Seller's loan liability; tax statements or certificates; preparation of
FHA or VA Residential Contract Concerning ___________________________________
(Address of Property)Initialed for identification by Buyer_______and Seller________ Page 8 of 12 deed; one-half of escrow fee; expenses FHA or VA prohibits Buyer to pay; and other expenses
stipulated to be paid by Seller under other provisions of this contract.(4) Buyer's Expenses: Interest on the note(s) from the date of disbursement to one month
prior to dates of first monthly payments, expenses stipulated to be paid by Buyer under other
provisions of this contract; any customary _________________ Veterans’ Housing Assistance
Program Loan costs for Buyer; and premiums for mortgagee title policy and endorsements
required by lender.(a)FHA Buyer: All prepaid items required by applicable HUD-FHA or other regulations, including required premiums for flood and hazard insurance, reserve
deposits for other insurance, ad valorem taxes and special governmental
assessments; expenses incident to any loan, including preparation of loan
documents, recording fees, copies of restrictions and easements, amortization
schedule, loan original fee, loan commitment fee, credit reports, photos, loan related inspection fee; and one-half of escrow fee.(b)VA Buyer: All prepaid items, including required premiums for flood and hazard
insurance, reserve deposits for other insurance, ad valorem taxes and special
governmental assessments; expenses incident to any loan, including credit reports,
recording fees, loan origination fee, loan related inspection fees.2.The VA Loan Funding Fee for FHA Mortgage Insurance Premium (MIP) not to
exceed _________________ will be paid by Buyer, and ( ) paid in cash at
closing ( ) added to the amount of the loan or ( ) paid as
follows:__________________________________________________________________________________.3.If any expense exceeds an amount expressly stated in this contract for such
expense to be paid by a party, that party may terminate this contract unless the
other party agrees to pay such excess. In no event will Buyer pay charges and
fees expressly prohibited by FHA, VA or other governmental loan program
regulations.13.PRORATIONS: Taxes for the current year, maintenance fees, assessments, dues and
rents will be prorated through the Closing Date. If taxes for the current year vary from the
amount prorated at closing, the parties shall adjust the prorations when tax statements for
the current year are available. If taxes are not paid at or prior to closing, Buyer will be
obligated to pay taxes for the current year.14. CASUALTY LOSS: If any part of the Property is damaged or destroyed by fire or other casualty loss after the effective date of the contract, Seller shall restore the
Property to its previous condition as soon as reasonably possible, but in any event by the
Closing
FHA or VA Residential Contract Concerning ___________________________________
(Address of Property)Initialed for identification by Buyer_______and Seller________ Page 9 of 12 Date. If Seller fails to do so due to factors beyond Seller’s control, Buyer may
either (a) terminate this contract and the earnest money will be refunded to Buyer (b)
extend the time for performance up to 15 days and the Closing Date will be extended as
necessary or (c) accept the Property in its damaged condition and accept an assignment of
insurance proceeds. Seller’s obligations under this paragraph are independent of any
obligations of Seller under Paragraph 7.15. DEFAULT: If Buyer fails to comply with this contract, Buyer will be in default, and Seller
may either (a) enforce specific performance, seek such other relief as may be provided by law, or
both, or (b) terminate this contract and receive the earnest money as liquidated damages, thereby
releasing both parties from this contract. If, due to factors beyond Seller’s control, Seller fails
within the time allowed to make any non-casualty repairs or deliver the Commitment, Buyer may
either (a) extend the time for performance up to 15 days and the Closing Date will be extended as
necessary or (b) terminate this contract as the sole remedy and receive the earnest money. If
Seller fails to comply with this contract for any other reason, Seller will be in default and Buyer
may either (a) enforce specific performance, seek such other relief as may be provided by law, or
both, or (b) terminate this contract and receive the earnest money, thereby releasing both parties
from this contract.18.DISPUTE RESOLUTION: It is the policy of the State of ___________ to encourage
the peaceable resolution of disputes through alternative dispute resolution procedures.
The parties are encouraged to use an addendum approved by _________________ to
submit to mediation disputes which cannot be resolved in good faith through informal
discussion.17. ATTORNEY'S FEES: The prevailing party in any legal proceeding brought under
or with respect to the transaction described in this contract is entitled to recover from the
non-prevailing party all costs of such proceeding and reasonable attorney’s fees.18.ESCROW: The earnest money is deposited with escrow agent with the understanding
that escrow agent is not (a) a party to this contract and does not have any liability for the
performance or nonperformance of any party to this contract, (b) liable for interest on the
earnest money and (c) liable for any loss of earnest money caused by the failure of any
financial institution in which the earnest money has been deposited unless the financial
institution is acting as escrow agent. At closing, the earnest money must be applied first
FHA or VA Residential Contract Concerning ___________________________________
(Address of Property)Initialed for identification by Buyer_______and Seller________ Page 10 of 12 to any cash down payment, then to Buyer's closing costs and any excess refunded to
Buyer. If both parties make written demand for the earnest money, escrow agent may
require payment of unpaid expenses incurred on behalf of the parties and a written release
of liability of escrow agent from all parties. If one party makes written demand for the
earnest money, escrow agent shall give notice of the demand by providing to the other
party a copy of the demand. If escrow agent does not receive written objection to the
demand from the other party within 30 days after notice to the other party, escrow agent
may disburse the earnest money to the party making demand reduced by the amount of
unpaid expenses incurred on behalf of the party receiving the earnest money and escrow
agent may pay the same to the creditors. If escrow agent complies with the provisions of
this paragraph, each party hereby releases escrow agent from all adverse claims related to
the disbursal of the earnest money. Escrow agent's notice to the other party will be
effective when deposited in the U. S. Mail, postage prepaid, certified mail, return receipt
requested, addressed to the other party at such party's address shown below. Notice of
objection to the demand will be deemed effective upon receipt by escrow agent.19.REPRESENTATIONS: Seller represents that as of the Closing Date (a) there will be no
liens, assessments, or security interests against the Property which will not be satisfied
out of the sales proceeds unless securing payment of any loans assumed by Buyer and (b)
assumed loans will not be in default. If any representation in this contract is untrue on the
Closing Date, this contract may be terminated by Buyer and the earnest money will be
refunded to Buyer. All representations contained in this contract will survive closing.20.FEDERAL TAX REQUIREMENT: If Seller is a "foreign person", as defined by
applicable law, or if Seller fails to deliver an affidavit that Seller is not a "foreign
person", then Buyer shall withhold from the sales proceeds an amount sufficient to
comply with applicable tax law and deliver the same to the Internal Revenue Service
together with appropriate tax forms. IRS regulations require filing written reports if cash
in excess of specified amounts is received in the transaction.21.AGREEMENT OF PARTIES: This contract contains the entire agreement of the
parties and cannot be changed except by their written agreement. Addenda which are a
part of this contract are
(list):__________________________________________________________________________________________________________________________________.22.CONSULT YOUR ATTORNEY: Real estate licensees cannot give legal advice. This
contract is intended to be legally binding. READ IT CAREFULLY. If you do not
understand the effect of this contract, consult your attorney BEFORE signing.
FHA or VA Residential Contract Concerning ___________________________________
(Address of Property)Initialed for identification by Buyer_______and Seller________ Page 11 of 12 Buyer’s Seller’sAttorney is:______________________________Attorney is:__________________________23.NOTICES: All notices from one party to the other must be in writing and are effective
when mailed to, hand-delivered at, or transmitted by facsimile machine as follows:To Buyer at: To Seller at:_______________________________________ _______________________________________________________________________________________________________________________________________________________________________________________Telephone ( )__________________________ Telephone ( )_______________________Facsimile ( )____________________________ Facsimile ( )________________________EXECUTED the ____ day of _________________, 20____ (THE EFFECTIVE DATE).
(BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.)_______________________________________ ___________________________________BuyerSeller__________________________________________________________________________BuyerSellerThe form of this contract has been approved by the ___________ Real Estate Commission. Such
approval relates to this contract form only. No representation is made as to the legal validity or
adequacy of any provision in any specific transaction. It is not suitable for complex
transactions. Extensive riders or additions are not to be used. BROKER INFORMATION AND RATIFICATION OF FEE Listing Broker has agreed to pay Other Broker _________________________ of the total sales
price when Listing Broker’s fee is received. Escrow Agent is authorized and directed to pay
Other Broker from Listing Broker’ s fee at closing.
FHA or VA Residential Contract Concerning ___________________________________
(Address of Property)Initialed for identification by Buyer_______and Seller________ Page 12 of 12 _______________________________________ __________________________________Other Broker License No. Listing Broker License No.represents ( ) Seller as Listing Broker ’s subagent represents ( ) Seller and Buyer as an
intermediary ( ) Buyer only as Buyer’s agent ( ) Seller only as
Seller’s agent____________________________________Listing Associate Telephone__________________________________ ___________________________________Associate TelephoneSelling Associate Telephone__________________________________ ___________________________________Broker AddressBroker Address_____________________________________________________________________Telephone FacsimileTelephone Facsimile RECEIPT Receipt of ( ) Contract and ( ) $_______________ Earnest Money in the form of ________________________ is acknowledged.Escrow Agent:__________________________ Date: _______________________, 20____By:_________________________________________________________________________Telephone ( )________________________Address______________________________________Facsimile ( )_________________________City State Zip Code
