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Sales Contract
<br />Property Disposition Program
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<br />U.S. Department of Housing and Urban Development
<br />Office of Housing
<br />Federal Housing Commissioner
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<br />I (We),
<br />(Purchaser(s;) ~gree to~pu r'c'h~a~e on tile terms set forth herein, the following property, as more particularly
<br />described in the deed conveying the property to the Secretary of Housing and Urban Development:
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<br />(slr eel number, stree'fname, unit numlSer, , dry, ccunty, State)
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<br />HUD Case No.
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<br />2. The Secretary of Ho using and Urb an Dcvelopmen t(S elder) agrees to ~ell the property at theprice and terms set forth herein, and to prepare a deed contain lng ~
<br /> a covenant which warrants against the acts of the Seller and all claiming by, through or under him. Title will be taken in the following
<br /> name(s) and style: 'Il
<br />3. Theagreedpurchasepriceofthepropertyis ..$o~ort.~c.y....t;&zr.e~e....t;~0.u.s.a.n.d....e.i.g-:b..t;...ih.u.r~d~edt. $ 73 r 8000,00
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<br /> Purchaser h as paid $ . 0 as earnest money to be applied on the purchase price, and agrees
<br /> to pay the balance of the purchase price, plus or minus prorations, at the time of closing, in cash to Seller. The
<br /> earnest money deposit shall be held by .
<br />4. [] Purchaser is applying for FHA insured financing [E~]203(b), [--]203(b) repair escrow, E~]203(k)l with acash
<br /> downpaymentof $ . due at closing and thc balance secured by a mortgage in the amount of '
<br /> $ for. . months (doesnotincludeFHAMortgagelnsurancePremlum, '
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<br /> prepaid expenses or ~losing costs Seller has agreed to fund into mortgage.), .
<br /> [-~ Smd mortgage revolves a repatr escrow amounting to ,. ............N./.g.. ..................................................... 4. $:
<br /> [] l~i-~chaser is paying cash or applying for cOnventional or other financing not involving FHA. - :~.' --
<br />5. Seilerwi~pay'r~as~nab~eand~ust~marycosts'butn~tm~rethana~tua~costs~n~rm~!r~than~aldbyaty~icaiS~er .:. ..... ~
<br /> in the area, of obtaining financing and/or closing (excluding broker's commission) in an amount not to exceed, m. 5. $ ·
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<br /> 6, _ Upon sales closing, Seller agrees to pay to thc broker identified below a commission (including ·
<br /> sel.Ungbonus, ifofferedbyseller)of .............................. .....; ...................................... ..... ................................. :..m 6.$¥., ~,..'.. .,~, II
<br /> 7~' Th ~ net am au at due Seller.is .(Purchase price, Item 3, less Item 4 escrow, if any, less Items 5 and 6)..' ................. TU ';~i.i..$.,~li)~'.~c~i:~.?~,[!~'~r¢?,,~
<br /> 8. Purchase~ .i.~? ..[~ 'bWn.er-bccupant (will occupy this property"as primary residence) [] investor . I':::~,?.~.~..~...~:vo g.,,,:..?~¥:~.r,.,.
<br /> [] nonprofit organization [] pu61ic housing agenc~ [~ other government agency. Discount at closing: __ %
<br /> 9. Time is ~)~ ti~g essence as to'closing. The sale shall close not later than 60 . days from Seller's accep.tance of contract. Closingshald ~
<br /> IJg held at the Offi6e of Seller's designated closing agent or..-?O I~¢, .'~t-~¢,rm q n od
<br /> 10. If Selde? d~:~s not accept this offer, S elder [] ~ay [] m ay not hold such offer as a back-up to accepted offer.
<br /> l i.' Lgld based paint addendum [] is'[~] is not at~ached; Oti~er addendum E~ is [--] is not attached hereto and made part of this contract, iii
<br />; '7 ' sole option;retain all or a portion of th(?ileposlt'as liqmrlmre~l damages. The Seller rese~es the dgh!.~ apply the earnest money, or any
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<br /> 13. This contract is subject to the Conditions of Sale on the reverse hereof, which are incorporated herein and madepart of this contract.
<br /> Cerht'ic°h0n o{ Purchaser: '.The understgn .ed .certifies thht'ln affixing hi~/heffits stgnature to thts contract he/sh¢it underst,3nd~:,..' ....
<br />; (!):ali th6 contdnts.thereof (includihg. the Conditions. siSal.e.)/,nd is',in'agi~eeme'ni.therewith without protest; (2),he/she/it i~'i~'pm/sible 'for
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<br /> Purchaser(s): (typo or print nmos & slgn). Purchaser(s) Address:
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<br />Phone No:
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<br />Purchaser(s) Social Security Number !SSN) or Employer dentlllca on Numt~er (EIN) (Include hyphens)
<br />Seller: Secretary of Housing and Orban Develop~nent By: (type flame & title, & sign)
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<br />Date Purchaser(s)Slgned Contract:
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<br />Date Conlract Accepted by HUD:
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<br />Certification of Broker: The undersigned certifies that: (I) neither he/she nor anyone authorized to act for him/her has declined to sell the property 1
<br />described herein to or to make it available for inspecti6fi or consideration by a prospective purchaser because of his/her race, color, religion, sex, familial
<br />status, national origin,'or disability; (2) he/she has both provided and explained to the purchaser the notice regarding use of Seller's closing ~gent; (3)
<br />he/she has explained fully to the purchaser the entire terms of the contract, including Condition B on the reverse hereof; and (4) he/she is in compliance
<br />with Seller's earnest money policy as set forth on HUD forms SAMS-1111, Payee Name and Address, and SAMS-11 ll-A, Selling Broker Certification,
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<br />which he/she has executed and filed with Seller.
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<br />BrokeYs Business Name & Address: (~or IRS repealing) (Include Zip Code)
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<br />Type or print the name and phone number of sale~ person:
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<br />"l Bi°kecs EIN or SSN: (Include hyphens)
<br /> J ~'gnature o, Brok~:
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<br /> SAMS N,MD:
<br />JBroker"s Phone No:
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<br />This section for HUD uso only. Broker nol~fied of:
<br />E] Acceptance E/]Back-Up No
<br />[] Reiection [] Return Earnest Money Deposit
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<br />Iulhorlzlng Signature & Date:
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