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m REALTOR@ THIS IS A LEGALLY biNDING AGREEMENT. IF NOT UNDERSTOOD, SEEK LEGAL ADVICE The REAL TOR@ negotiating this agreement is a member of the Nebraska REAL TORS<Il Association and as such is governed by its Code of Ethics and Rules and Regulations. COMMERCIAL PURCHASE AGREEMENT G:r EOuAL HOUSING OPPOMTUNITV 200705092. I_~~ . ,;' A ,-j (firm and addr(!s.. ;0 L. ~// /' The undersigned. as Buyer. a~e~ urchascrlie fOI~!Jl " ro c y on the following terms: Address: '" ~ '5 Tbt.L:; I Legal &riPtlO!l: _ ,'I ~. in~l~ding ;Irjti~ t.n;Leq~IPme~t peLu - ntl~.J. ac~d t~ Pro~~~ pe'1rl property m<:;lu~as follows. 1.-1 &If J 1-1 ~ r", r<:-c:: '?(;In-J.}IDJVj. 'FA -' . Buyer shall be furnished a current title insurance com1i insurance issued Illr this sale shall be paid as follows: . '2. Buyer agrees that should a valid title defect exist, Seller has a rellsonuble time to correct said defecl not to exceed 3 days from the date of the title commitment. If the title defects are not cured within such time period. Buyer may declare this agreement null and void. and the earnest money shall bereflmded. Seller agrees convey to [!llyer by warranty deed or "J3f1.Wj.)/~ _ Iree and clear of all liens and encumbrances except ,;.. and subject to all casements and restrictions or covenants now of record. Special assessments fllr items such us paving, curbing, sidewalk or utilities previously constructed. now under construction, or ordered to be constructed by public authority, levied, assessed or not yet assessed as or the date of this agreement shall be [ 'XI paid by Seller [_1 assumed by Buyer. The documentary stamp tax shall be paid by Seller. ~onal Property. [~llf checked, the purchase price includes all furniture and furnishings and any other personal property owned by Seller Hnd used in the operation orthe property per attached signed inventory, receipt orwhieh is hereby acknowledged. The inventory is hcreby made an integral part of this agreement upon its execution by both parties. Said personal property is to be llansferred by Bill ?f Sale' n tavor of B~er at d~sing~ _ . . . . ttccep~~1--r' Price. Buyer agrees to pay $ / Of.> bm. to, on the followmg terms: an earnest money depOSit 01 $ / cc;() at tillS tlllle as shown by the receipt herein. If paid by checl!, it will be cashed. The earnest money will be transferred to the listing broker on acceptance, if the selling broker is other than the listing broker. All monies shall be deposited in a trust account, to be held until the time of closing or until translerred to an escrow agent by a(!reement of Buyer and Seller; balance to be paid as shown in the following Paragraph(s) # ,'!J # I All Cash: Balance shall be paid in cash, or by certified or cashier's check at time of delivery of deed, no financing being required, #2 ConditioD:111Jpon Loan: Balance of $ / &i./j ol!JO shall be paid in cash, or certilied or cashier's check at time of delivery uf deed, eontingentupon Buyer's ability to obtain a loan, to be secured by first mortgage or deed of trust, on above described Property in the amount of $-'-0"4; et?9 on the following term~~1 interest not exceeding ~ % per annum; amortized over not less than /~ years; points not to exceed . Loan origination or service fees shall be paid by Buyer. Buyer agrees to make application lor the loan within 5/?:-I),;JJ days of acceptance of this offer, sign ull papers, pay all costs, except as provided herein, and to establish escrow reserves tilr taxes and insurance if required by Lender. If processing of the application has not been completed by the lending agency by the closing date stated elsewhere in this Agreement, such time limit shall be automatically extended until the lending ag ncy I as, in the normal cm:ne of its business, advised either approval or rejection. Seller may cancel this agreement any time aller unless Buyer shall have previously provided to Seller a copy of Buyer's written, non-contingent loan approval from a regulate lend r. #3 Other Provisions ~7~.e- 20 0 "'/ #4 Addendum: The attached addenda shall be made a part of the Purchase Agreement. (List Addenda) (Seller ----..!~(nuyer _/_) J{eall~state Taxes/Prorations: Seller shall pay all taxes to and including .260(:7 . Taxes fbr the calendar year ~(Y.> 1 , together with interest, rents, prepaid services, and other expenses of the property, ifany, shall be prorated to the date of possession/closing. 'Ifaxes shall be prorated on the basis of the county assessor's valuation at the date of closing and the most recently eertitied mill levy. Compliance with Law: Seller shall comply with any federal, state or local law applicable to the sale or transler of the property, including but not limited to installing smoke detectors or providing inspections. Maintenance/Repairs/Replacements. Cost to Seller: Seller agrees to maintain the property in its condition on the date hereof until initial delivery of possession which maintenance shall include, but not be limited to, the building, the heating, air conditioning, water heater, sewer, plumbing, electrical system, any appliances and the lawn. Insects: 1~llf checked, Buyer requests a termite and wood destroying insect inspection of the property and all buildings thereon at Buyer's expense. Should evidence of termites or wood destroying insects be found, the property shall he treated at Seller's expense. Buyer agrees to accept the treated property. If visible evidence of previously treated infestation, which is now inactive, is found, treatment shall not be rcquired. Should damage from such insects be tound, the damage shall be corrected at Seller's expense. However, if the cost required for repairs exceeds I % of the purchase price, either Seller or Buyer may rescind this agreement. Liability Limit: Except for the costs required by the preceding three paragraphs, Seller's totalliahility for any costs for maintenance, repairs or replacements required by terms of this agreement or by Buyer's lender, shall not exceed $ . Should maintenance, repairs or replacement exceed the stated amount Seller may elect to pay the cost in excess of such amount. If Seller does not, Buyer may clectto take the Property without the repairs or maintenance and such amount (the full limit) shall be a credit to the purchase price. Otherwise, either party may rescind this agreement. Inspections: Unless otherwise provided specifically in this agreement, Buyer, or any designee, at Buyer's expense (or as otl wise agreed), shall have the right to any inspections desired of the ~tate and personal property to be sold hereunder on or before which is the inspection deadline. Buyer shall have calendar days after the inspection deadline to give notice t the Seller of any unsatisfactory COMmons of the property (the "rescissi n deadline". If the Buyer fails to notify the Seller of an unsatisfactory condition Buyer agrees to accept the prope y. in its condition on the inspection deadline. If such a notice is received by the Seller as set forth above, this agreement shall terminate on , the settlement deadline, unless Seller and Buyer have agreed to a settlement in writing or Buyer has waived such ndition in writing. Access to Property: Seller shall provide reasonable access to Buyer, his inspectors or agents to timely fulfill this agreement and to representatives of Buyer's Lender to accommodate financing. Condition of Property: Seller represents (I) that to the best of Seller's knowledge, there are no defects in the property that are not readily ascertainable an which significantly affect the desirability or value of the property, or which the Seller has not disclosed to Buyer in writing dnted and (2) that Seller has no notice of violations of any local state or federal laws, rules and regulutjnns relating to th property. [_1 If checked, a disclosure is auached. . ~_ IUsk of Loss: Risk of loss or damage to Property, prior to closing datc, shall be the responsihility of Seller. If, prior to closing, the Property is X 60- materially damaged by tire, explosion or any other cause, Buyer shall have the right: i) to require the premises to be restored to the condition7?Jl, at execution hereof; ii) to adjust the price to the value subje.cUO-.the dama '. . . / -Yli.A.J / Possession and Closing: Closmg ~fthe sale shall be on ,or wlthm da~s after I.oan ap~rovfll, ~-. whichever shall last occur. PossessIOn of Property shall Ii --- , but not betore c1osmg. ThIS agreement shall in no manner be construed to convey Property or to give any right of possession. Buyer shall have the right to make a final inspeetion of Property prior to closing to ascertain that all conditions of this agreement have been met. Time is of the essence in this agreemcnt. Escrow Closing: Buyer and Seller agree that the closing of the sale may be handled by an escrow agent. If so, the listing broker is authorized to transfer to the escrow agent the earnest money, other trust funds received by the listing broker and all documents and other items received by the listing broker in connection with the sale. Aller the transfer, the listing broker shall have no further responsibility or liability to Buyer or Seller to llccount for funds or preparation of documents in connection with the closing of the sale. Escrow agent will not be required to disburse funds or deliver or record nny documents until it has received certified funds or other good, sufficient and collected funds, and all conditions. terms and provisions of this agreement have been satisfied, perlormed and met. Closing charges shall he paid as fullows: i=.SLf2DuJ....:.JlJO 00 . RU~)J>7_, sellcr~~