Paperwork For Buyers

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Note: This notice should be given to a prospective purchaser prior to execution of a binding contract of sale and purchase, should be executed by the seller and purchaser and should be attached as a separate portion of a purchase contract. Please see Note below. Notice to a Purchaser of Real Property in a Water District The real property, described below, that you are about to purchase is located in the District. The district has taxing authority separate from any other taxing authority and may, subject to voter approval, issue an unlimited amount of the district is $ Signature of Seller PURCHASER IS ADVISED THAT THE INFORMATION SHOWN ON THIS FORM IS SUBJECT TO CHANGE BY THE DISTRICT AT ANY TIME. THE DISTRICT ROUTINELY ESTABLISHES TAX RATES DURING THE MONTHS OF SEPTEMBER THROUGH DECEMBER OF EACH YEAR, EFFECTIVE FOR THE YEAR IN WHICH THE TAX RATES ARE APPROVED BY THE DISTRICT. PURCHASER IS ADVISED TO CONTACT THE DISTRICT TO DETERMINE THE STATUS OF ANY CURRENT OR PROPOSED CHANGES TO THE INFORMATION SHOWN ON THIS FORM. The undersigned purchaser hereby acknowledges receipt of the foregoing notice at or prior to execution of a binding contract for the purchase of the real property described in such notice or at closing of purchase of the real property. NOTE: Correct district name, tax rate, bond amounts, and legal description are to be placed in the appropriate space. Except for notices included as an addendum or paragraph of a purchase contract, the notice shall be executed by the seller and purchaser, as indicated. If the district does not propose to provide on or more of the specified facilities and services, the appropriate purpose may be eliminated. If the district has not yet levied taxes, a statement of the district's most recent projected rate of tax is to be placed in the appropriate space. If the district does not have approval from the commission to adopt and impose a standby fee, the second paragraph of the notice may be deleted. For the purposes of the notice form required to NOTICE FOR DISTRICTS THAT ARE NOT LOCATED IN WHOLE OR IN PART WITHIN THE CORPORATE BOUNDARIES OF A MUNICIPALITY OR THE bonds and levy an unlimited rate of tax in payment of such bonds. As of this date, the rate of taxes levied by the district on real property located in on each $100 of assessed valuation. If the district has not yet levied taxes, the most recent projected rate of tax, as of this date, is $ on each $100 of assessed valuation. The total amount of bonds, excluding refunding bonds and any bonds or any portion of bonds issued that are payable solely from revenues received or expected to be received under a contract with a governmental entity, approved by the voters and which have been or may, at this date, be issued in $ , and the aggregate initial principal amounts of all bonds issued for one or more of the specified facilities of the district and payable in whole or in part from property taxes is $ The district has the authority to adopt and impose a standby fee on property in the district that has water, sanitary sewer, or drainage facilities and services available but not connected and which does not have a house, building, or other improvement located thereon and does not substantially utilize the utility capacity available to the property. The district may exercise the authority without holding an election on the matter. As of this date, the most recent amount of the standby fee is $ . . An unpaid standby fee is a personal obligation of the person that owned the property at the time of imposition and is secured by a lien on the property. Any person may request a certificate from the district stating the amount, if any, of unpaid standby fees on a tract of property in the district. The purpose of this district is to provide water, sewer, drainage, or flood control facilities and services within the district through the issuance of bonds payable in whole or in part from property taxes. The cost of these utility facilities is not included in the purchase price of your property, and these utility facilities are owned or to be owned by the district. The legal description of the property you are acquiring is as follows: Date Signature of Seller Date Signature of Purchaser Date Signature of Purchaser Date be given to the prospective purchaser prior to execution of a binding contract of sale and purchase, a seller and any agent, representative, or person acting on the seller's behalf may modify the notice by substitution of the words "January 1, " for the words "this date" and place the correct calendar year in the appropriate space. EXTRATERRITORIAL JURISDICTION OF ONE OR MORE HOME-RULE MUNICIPALITIES Phone: Fax: Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381 281-467-5013 281-367-7027 Barbara Robin Buyer Informat

description

If you are in the market to buy a home in Texas, here is a copy of the paperwork that you will need to familiar with!

Transcript of Paperwork For Buyers

Page 1: Paperwork For Buyers

Note: This notice should be given to a prospective purchaser prior to execution of a binding contract of sale and purchase, should be executed by theseller and purchaser and should be attached as a separate portion of a purchase contract. Please see Note below.

Notice to a Purchaser of Real Property in a Water District

The real property, described below, that you are about to purchase is located in theDistrict. The district has taxing authority separate from any other taxing authority and may, subject to voter approval, issue an unlimited amount of

the district is $

Signature of Seller

PURCHASER IS ADVISED THAT THE INFORMATION SHOWN ON THIS FORM IS SUBJECT TO CHANGE BY THE DISTRICT AT ANYTIME. THE DISTRICT ROUTINELY ESTABLISHES TAX RATES DURING THE MONTHS OF SEPTEMBER THROUGH DECEMBER OFEACH YEAR, EFFECTIVE FOR THE YEAR IN WHICH THE TAX RATES ARE APPROVED BY THE DISTRICT. PURCHASER IS ADVISEDTO CONTACT THE DISTRICT TO DETERMINE THE STATUS OF ANY CURRENT OR PROPOSED CHANGES TO THE INFORMATIONSHOWN ON THIS FORM.

The undersigned purchaser hereby acknowledges receipt of the foregoing notice at or prior to execution of a binding contract for thepurchase of the real property described in such notice or at closing of purchase of the real property.

NOTE: Correct district name, tax rate, bond amounts, and legal description are to be placed in the appropriate space. Except for notices included asan addendum or paragraph of a purchase contract, the notice shall be executed by the seller and purchaser, as indicated. If the district does not proposeto provide on or more of the specified facilities and services, the appropriate purpose may be eliminated. If the district has not yet levied taxes, astatement of the district's most recent projected rate of tax is to be placed in the appropriate space. If the district does not have approval from thecommission to adopt and impose a standby fee, the second paragraph of the notice may be deleted. For the purposes of the notice form required to

NOTICE FOR DISTRICTS THAT ARE NOT LOCATED IN WHOLE OR IN PART WITHIN THE CORPORATE BOUNDARIES OF A MUNICIPALITY OR THE

bonds and levy an unlimited rate of tax in payment of such bonds. As of this date, the rate of taxes levied by the district on real property located inon each $100 of assessed valuation. If the district has not yet levied taxes, the most recent projected rate of

tax, as of this date, is $ on each $100 of assessed valuation. The total amount of bonds, excluding refunding bonds andany bonds or any portion of bonds issued that are payable solely from revenues received or expected to be received under a contract with agovernmental entity, approved by the voters and which have been or may, at this date, be issued in $ , and theaggregate initial principal amounts of all bonds issued for one or more of the specified facilities of the district and payable in whole or in part fromproperty taxes is $

The district has the authority to adopt and impose a standby fee on property in the district that has water, sanitary sewer, or drainage facilitiesand services available but not connected and which does not have a house, building, or other improvement located thereon and does notsubstantially utilize the utility capacity available to the property. The district may exercise the authority without holding an election on the matter. Asof this date, the most recent amount of the standby fee is $

.

. An unpaid standby fee is a personal obligation of the personthat owned the property at the time of imposition and is secured by a lien on the property. Any person may request a certificate from the district statingthe amount, if any, of unpaid standby fees on a tract of property in the district.

The purpose of this district is to provide water, sewer, drainage, or flood control facilities and services within the district through theissuance of bonds payable in whole or in part from property taxes. The cost of these utility facilities is not included in the purchase price of yourproperty, and these utility facilities are owned or to be owned by the district. The legal description of the property you are acquiring is as follows:

Date Signature of Seller Date

Signature of Purchaser Date Signature of Purchaser Date

be given to the prospective purchaser prior to execution of a binding contract of sale and purchase, a seller and any agent, representative, or personacting on the seller's behalf may modify the notice by substitution of the words "January 1, " for the words "this date" and place the correctcalendar year in the appropriate space.

EXTRATERRITORIAL JURISDICTION OF ONE OR MORE HOME-RULE MUNICIPALITIES

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Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381281-467-5013 281-367-7027 Barbara Robin Buyer Informat

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(This notice is to be furnished to a prospective buyer/tenant at such time as broker begins assisting buyer/tenant to locate a property.)

BROKER NOTICE TO BUYER/TENANT

As a prospective buyer/tenant, you should know that the listing and cooperating ("selling") brokers and any broker representing you as abuyer's/tenant's broker, possess no special skills, knowledge or expertise concerning the physical or environmental condition of the property orproperties introduced to you nor do they represent themselves to be such experts, and, therefore, make no representations, warranties or guarantiesregarding the physical or environmental condition of any such property.

As the result of concerns regarding environmental hazards (including, but not limited to, asbestos, lead-based paint, mold, urea formaldehydeinsulation, radon gas, PCB transformers, underground storage tanks, electromagnetic fields, hazardous or toxic waste and materials, ammoniumcompounds, solvents, pesticides, acids, DDT, and any other substance on or about the property or forming a component part of the improvementswhich has heretofore or may in the future be determined to contain toxic or hazardous materials or undesirable substance injurious to the health ofoccupants of a property), it is recommended that you retain the services of a qualified expert of your choice to inspect and test for the presence ofenvironmental hazards on or about the property as part of the contract between seller and buyer in a sale transaction or a lease between landlord andtenant, if desired. Buyer/Tenant shall be solely responsible for retaining the services of such expert, if any.

Environmental Hazards/Inspection

Physical Condition/InspectionYou are advised that you should thoroughly inspect the property and have the physical condition of the property inspected by persons of your choicewho are licensed as inspectors by the Texas Real Estate Commission or otherwise permitted by law to perform inspections and take whatever otheraction you deem necessary or appropriate as part of the contract between seller and buyer in a sale transaction or a lease between landlord andtenant. If you request broker to furnish a list of inspectors and/or repairmen, broker is not making any representations or warranties as to thecapabilities or workmanship of such persons. You are advised to accompany the inspectors during their inspection of the property and to ask anyquestions you may have regarding the property. You are advised to walk through and visibly inspect the property immediately prior to the closing in asale transaction or occupancy in a lease transaction. In the event the condition of the property is not then in accordance with the contract/lease, youshould immediately inform the below-named Broker.

MLS/CIE InformationInformation contained in the Multiple Listing Service (MLS), or Commercial Information Exchange (CIE) of Houston Realtors Information Service, Inc.("HRIS"), a subsidiary of Houston Association of REALTORS®, Inc., is furnished by (1) MLS, and CIE participants who acquire the information fromsources such as owners of listed properties, appraisers, and builders, and (2) county appraisal districts and tax services. The information isdisseminated to MLS and CIE participants for their exclusive use and display to their clients and customers. Certain information in MLS and CIE suchas square footage, assessed value, taxes, and year built is obtained from either the county appraisal district, an appraiser or builder. Neither the listingBroker, Broker displaying the information to you, HRIS, MLS, nor CIE represents or verifies the accuracy of the information. You should not rely uponany information contained in MLS and CIE and you should independently verify such information. You are further advised that MLS rules require thelisting Broker of a sold/leased property to submit all information the MLS requires for participation, including the sales price/rent of a propertypurchased/leased by you.

Selling Broker or buyer's/tenant's broker, if any, shall furnish Listing Broker with a signed copy of this notice at the time the contract/lease is submitted.

I certify that I have provided the prospective Buyer/Tenant named hereinwith a copy of this "Broker Notice to Buyer/Tenant."

I have received, read and understand the information in this "Broker Notice to Buyer/Tenant."

Date

Broker/Sales Agent Name

Signature

Company

Address

Phone

Buyer/Tenant Name

Signature

Buyer/Tenant Name

Signature

Address

Phone HAR 410 1/03

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Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381281-467-5013 281-367-7027 Barbara Robin Buyer Informat

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PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC) 09-01-09NEW HOME CONTRACT

NOTICE: Not For Use For Condominium Transactions or Closings Prior to Completion of Construction

1. PARTIES: The parties to this contract are

andconvey to Buyer and Buyer agrees to buy from Seller the Property defined below.

$

Cash portion of Sales Price payable by Buyer at closing

applicable boxes below)

3. SALES PRICE:A. . . . . . . . . . . . . . . . . $B. Sum of all financing described below (excluding any loan funding

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $C. Sales Price (Sum of A and B) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

4. FINANCING: The portion of Sales Price not payable in cash will be paid as follows: (Check

A. THIRD PARTY FINANCING: One or more third party mortgage loans in the total amount of(excluding any loan funding fee or mortgage insurance premium).

(a) This contract is subject to Buyer being approved for the financing described in theattached Third Party Financing Condition Addendum.

(b)

5.$ as earnest money with ,as escrow agent, at

agent within(address). Buyer shall deposit additional earnest money of $ with escrow

EARNEST MONEY: Upon execution of this contract by all parties, Buyer shall deposit

days after the effective date of this contract. If Buyer fails to deposit theearnest money as required by this contract, Buyer will be in default.

(Seller)

(Buyer). Seller agrees to sell and

fee or mortgage insurance premium)

(Incomplete Construction)

2. PROPERTY: Lot , Block ,

of , County ofTexas, known as

described in the Construction Documents; and (ii) all rights, privileges and appurtenances thereto,including but not limited to: permits, easements, and cooperative and association memberships.

as described on attached exhibit, together with: (i) improvements, fixtures and all other property

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 (Title Policy) issued by(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) andthe 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 marital rights.(7) The standard printed exception as to waters, tidelands, beaches, streams, and related

matters.(8) The standard printed exception as to discrepancies, conflicts, shortages in area or boundary lines,

encroachments or protrusions, or overlapping improvements. Buyer, at Buyer's expense, may

All property sold by this contract is called the "Property".

Addition, City

(1) Property Approval: If the Property does not satisfy the lenders' underwriting requirementsfor the loan(s), this contract will terminate and the earnest money will be refunded toBuyer.

(2) Financing Approval: (Check one box only)

This contract is not subject to Buyer being approved for financing and does notinvolve FHA or VA financing.

B. ASSUMPTION: The assumption of the unpaid principal balance of one or more promissorynotes described in the attached TREC Loan Assumption Addendum.

C. SELLER FINANCING: A promissory note from Buyer to Seller of $ ,secured by vendor's and deed of trust liens, and containing the terms and conditionsdescribed in the attached TREC Seller Financing Addendum. If an owner policy of titleinsurance is furnished, Buyer shall furnish Seller with a mortgagee policy of title insurance.

have the exception amended to read, "shortages in area".

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(address/zip code), or

B. COMMITMENT: Within 20 days after the Title Company receives a copy of this contract, SellerInitialed for identification by Buyer and Seller TREC NO. 23-9(TAR 1603) 09-01-09 Page 1 of 9

Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381Barbara Robin

281-467-5013 281-367-7027Buyer Informat

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shall furnish to Buyer a commitment for title insurance (Commitment) and, at Buyer's expense,legible copies of restrictive covenants and documents evidencing exceptions in theCommitment (Exception Documents) other than the standard printed exceptions. Sellerauthorizes the Title Company to deliver the Commitment and Exception Documents to Buyer atBuyer's address shown in Paragraph 21. If the Commitment and Exception Documents are notdelivered to Buyer within the specified time, the time for delivery will be automatically extendedup to 15 days or the Closing Date, whichever is earlier.SURVEY: The survey must be made after the Substantial Completion Date by a registeredC.professional land surveyor acceptable to the Title Company and Buyer's lender(s).(Check one box only)

(1) At least days prior to the Closing Date, Seller, at Seller's expense, shall provide anew survey to Buyer.

(2) At least days prior to the Closing Date, Buyer, at Buyer's expense, shall obtain anew survey. Buyer is deemed to receive the survey on the date of actual receipt or the

D.disclosed on the survey other than items 6A(1) through (7) above; disclosed in theCommitment other than items 6A(1) through (8) above; or which prohibit the following use oractivity: .Buyer must object the earlier of (i) the Closing Date or (ii)the Commitment, Exception Documents, and the survey. Buyer's failure to object within thetime allowed will constitute a waiver of Buyer's right to object; except that the requirements inSchedule C of the Commitment are not waived. Provided Seller is not obligated to incur any

days after Seller receives the objections and the Closing Date will be extended as necessary. If

E. TITLE NOTICES:(1) ABSTRACT OR TITLE POLICY: 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 orobtain a Title Policy. If a Title Policy is furnished, the Commitment should be promptlyreviewed by an attorney of Buyer's choice due to the time limitations on Buyer's right toobject.

is is not(2) PROPERTY OWNERS' ASSOCIATION MANDATORY MEMBERSHIP: The Propertysubject to mandatory membership in a property owners' association. If the Property issubject to mandatory membership in a property owners' association, Seller notifies Buyerunder §5.012, Texas Property Code, that, as a purchaser of property in the residentialcommunity identified in Paragraph 2 in which the Property is located, you are obligated tobe a member of the property owners' association. Restrictive covenants governing the useand occupancy of the Property and a dedicatory instrument governing the establishment,maintenance, and operation of this residential community have been or will be recorded inthe Real Property Records of the county in which the Property is located. Copies of therestrictive covenants and dedicatory instrument may be obtained from the county clerk. Youare obligated to pay assessments to the property owners' association. The amount of theassessments is subject to change. Your failure to pay the assessments could result in a lien

(3) STATUTORY TAX DISTRICTS: If the Property is situated in a utility or other statutorilycreated district providing water, sewer, drainage, or flood control facilities and services,Chapter 49, Texas Water Code, requires Seller to deliver and Buyer to sign the statutorynotice relating to the tax rate, bonded indebtedness, or standby fee of the district prior tofinal execution of this contract.

(4) TIDE WATERS: If the Property abuts the tidally influenced waters of the state, §33.135,Texas Natural Resources Code, requires a notice regarding coastal area property to beincluded in the contract. An addendum containing the notice promulgated by TREC orrequired by the parties must be used.

(5) ANNEXATION: If the Property is located outside the limits of a municipality, Seller notifiesBuyer under §5.011, Texas Property Code, that the Property may now or later be included inthe extraterritorial jurisdiction of a municipality and may now or later be subject toannexation by the municipality. Each municipality maintains a map that depicts itsboundaries and extraterritorial jurisdiction. To determine if the Property is located within amunicipality's extraterritorial jurisdiction or is likely to be located within a municipality'sextraterritorial jurisdiction, contact all municipalities located in the general proximity ofthe Property for further information.

OBJECTIONS: Buyer may object in writing to defects, exceptions, or encumbrances to title:

days after Buyer receives

objections are not cured within such 15 day period, this contract will terminate and the earnestmoney will be refunded to Buyer unless Buyer waives the objections.

expense, Seller shall cure the timely objections of Buyer or any third party lender within 15

on and the foreclosure of the Property. If Buyer is concerned about these matters, theTREC promulgated Addendum for Property Subject to Mandatory Membership in aProperty Owners' Association should be used.

date specified in this paragraph, whichever is earlier.

Contract Concerning Page 2 of 9 09-01-09(Address of Property)

(6) PROPERTY LOCATED IN A CERTIFICATED SERVICE AREA OF A UTILITY SERVICE PROVIDER:Notice required by §13.257, Water Code: The real property, described in Paragraph 2, thatyou are about to purchase may be located in a certificated water or sewer service area,which is authorized by law to provide water or sewer service to the properties in thecertificated area. If your property is located in a certificated area there may be special costsor charges that you will be required to pay before you can receive water or sewer service.

Initialed for identification by Buyer and Seller TREC NO. 23-9(TAR-1603) 09-01-09 Page 2 of 9

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7. PROPERTY CONDITION:A. ACCESS AND INSPECTIONS: Seller shall permit Buyer and Buyer's agents access to the

Property at reasonable times. Buyer may have the Property inspected by inspectors selected byBuyer and licensed by TREC or otherwise permitted by law to make inspections.

B. CONSTRUCTION DOCUMENTS: Seller shall complete all improvements to the Property with duediligence in accordance with the Construction Documents. "Construction Documents" meansthe plans and specifications, the finish out schedules, any change orders, and any allowancesrelated to the plans and specifications, finish out schedules, and change orders. TheConstruction Documents have been signed by the parties and are incorporated into this contractby reference.

C. COST ADJUSTMENTS: All change orders must be in writing. Increase in costs resulting fromchange orders or items selected by Buyer which exceed the allowances specified in theConstruction Documents will be paid by Buyer as follows:

.A decrease in costs resulting from change orders and unused allowances will reduce the SalesPrice, with proportionate adjustments to the amounts in Paragraphs 3A and 3B as required bylender.

D. BUYER'S SELECTIONS: If the Construction Documents permit selections by Buyer, Buyer'sselections will conform to Seller's normal standards as set out in the Construction Documents orwill not, in Seller's judgment, adversely affect the marketability of the Property. Buyer willmake required selections within days after notice from Seller.

E. COMPLETION: Seller must commence construction no later than days after the effectivedate of this contract. The improvements will be substantially completed in accordance with theConstruction Documents and ready for occupancy not later than ,

. The improvements will be deemed to be substantially completed in accordance with theConstruction Documents upon the final inspection and approval by all applicable governmentalauthorities and any lender (Substantial Completion Date). Construction delays caused byacts of God, fire or other casualty, strikes, boycotts or nonavailability of materials for whichno substitute of comparable quality and price is available will be added to the time allowed forsubstantial completion of the construction. However, in no event may the time for substantialcompletion extend beyond the Closing Date. Seller may substitute materials, equipment andappliances of comparable quality for those specified in the Construction Documents.

F. WARRANTIES: Except as expressly set forth in this contract, a separate writing, or provided bylaw, Seller makes no other express warranties. Seller shall assign to Buyer at closing allassignable manufacturer warranties.

G. INSULATION: As required by Federal Trade Commission Regulations, the information relatingto the insulation installed or to be installed in the Improvements at the Property is: (check onlyone box below)

a) Exterior walls of improved living areas: insulated withinsulation to a thickness of inches which yields an R-Value of .

b) Walls in other areas of the home: insulated with

There may be a period required to construct lines or other facilities necessary to providewater or sewer service to your property. You are advised to determine if the property is in acertificated area and contact the utility service provider to determine the cost that you willbe required to pay and the period, if any, that is required to provide water or sewer serviceto your property. The undersigned Buyer hereby acknowledges receipt of the foregoingnotice at or before the execution of a binding contract for the purchase of the real propertydescribed in Paragraph 2 or at closing of purchase of the real property.

(7) PUBLIC IMPROVEMENT DISTRICTS: If the Property is in a public improvement district,§5.014, Property Code, requires Seller to notify Buyer as follows: As a purchaser of thisparcel of real property you are obligated to pay an assessment to a municipality or countyfor an improvement project undertaken by a public improvement district under Chapter 372,Local Government Code. The assessment may be due annually or in periodic installments.More information concerning the amount of the assessment and the due dates of thatassessment may be obtained from the municipality or county levying the assessment. Theamount of the assessments is subject to change. Your failure to pay the assessments couldresult in a lien on and the foreclosure of your property.

(1)(2)

as shown in the attached specifications.as follows:

Contract Concerning Page 3 of 9 09-01-09(Address of Property)

insulation to a thickness of inches which yields an R-Value of .c) Ceilings in improved living areas: insulated with

insulation to a thickness of inches which yields an R-Value of .d) Floors of improved living areas not applied to a slab foundation: insulated with

insulation to a thickness of inches which yields an R-Value of .e) Other insulated areas: insulated with insulation to a

thickness of inches which yields an R-Value of .All stated R-Values are based on information provided by the manufacturer of the insulation.

Initialed for identification by Buyer and Seller TREC NO. 23-9(TAR 1603) 09-01-09 Page 3 of 9

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8. BROKERS' FEES: All obligations of the parties for payment of brokers' fees are contained in separatewritten agreements.

9. CLOSING:A. The closing of the sale will be on or before , , or within 7 days

after objections made under Paragraph 6D have been cured or waived, whichever date is later(Closing Date). If either party fails to close the sale by the Closing Date, the non-defaultingparty may exercise the remedies contained in Paragraph 15.

B. At closing:(1) Seller shall execute and deliver a general warranty deed conveying title to the Property to

Buyer and showing no additional exceptions to those permitted in Paragraph 6 and furnishtax statements or certificates showing no delinquent taxes on the Property.

(2) Buyer shall pay the Sales Price in good funds acceptable to the escrow agent.(3) Seller and Buyer shall execute and deliver any notices, statements, certificates, affidavits,

releases, loan documents and other documents required of them by this contract, theCommitment or law necessary for the closing of the sale and the issuance of the Title Policy.

upon closing and funding10. POSSESSION: Seller shall deliver to Buyer possession of the Property:according to a temporary residential lease form promulgated by TREC or other written lease required

by the parties. Any possession by Buyer prior to closing or by Seller after closing which is not

insurance coverage may be limited or terminated. The absence of a written lease orappropriate insurance coverage may expose the parties to economic loss.

11. SPECIAL PROVISIONS: (Insert only factual statements and business details applicable to thesale. TREC rules prohibit licensees from adding factual statements or business details for which acontract addendum, lease or other form has been promulgated by TREC for mandatory use.)

authorized by a written lease will establish a tenancy at sufferance relationship between the parties.Consult your insurance agent prior to change of ownership and possession because

H. ENVIRONMENTAL MATTERS: Buyer is advised that the presence of wetlands, toxic substances,including asbestos and wastes or other environmental hazards, or the presence of a threatenedor endangered species or its habitat may affect Buyer's intended use of the Property. If Buyer isconcerned about these matters, an addendum promulgated by TREC or required by the partiesshould be used.

I. SELLER'S DISCLOSURE: Except as otherwise disclosed in this contract, Seller has noknowledge of the following:(1) any flooding of the Property which has had a material adverse effect on the use of the

Property;(2) any pending or threatened litigation, condemnation, or special assessment affecting the

Property;(3) any environmental hazards or conditions materially affecting the Property;(4) any dumpsite, landfill, or underground tanks or containers now or previously located on the

Property;(5) any wetlands, as defined by federal or state law or regulation, affecting the Property; or(6) any threatened or endangered species or their habitat affecting the Property.

Contract Concerning Page 4 of 9 09-01-09(Address of Property)

(4) There will be no liens, assessments, or security interests against the Property which will notbe satisfied out of the sales proceeds unless securing payment of any loans assumed byBuyer and assumed loans will not be in default.

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Initialed for identification by Buyer and Seller TREC NO. 23-9(TAR 1603) 09-01-09 Page 4 of 9

Buyer Informat

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B. Buyer shall pay Private Mortgage Insurance Premium (PMI), VA Loan Funding Fee, or FHAMortgage Insurance Premium (MIP) as required by the lender.

C. If any expense exceeds an amount expressly stated in this contract for such expense to be paidby a party, that party may terminate this contract unless the other party agrees to pay suchexcess. Buyer may not pay charges and fees expressly prohibited by FHA, VA, Texas VeteransLand Board or other governmental loan program regulations.

13. PRORATIONS AND ROLLBACK TAXES:A. PRORATIONS: Taxes for the current year, maintenance fees, assessments, dues and rents will

be prorated through the Closing Date. The tax proration may be calculated taking intoconsideration any change in exemptions that will affect the current year's taxes. If taxes for thecurrent year vary from the amount prorated at closing, the parties shall adjust the prorationswhen tax statements for the current year are available. If taxes are not paid at or prior to closing,

B. ROLLBACK TAXES: If Seller's change in use of the Property prior to closing or denial of a specialuse valuation on the Property results in additional taxes, penalties or interest (Assessments) forperiods prior to closing, the Assessments will be the obligation of Seller. Obligations imposed bythis paragraph will survive closing.

14. CASUALTY LOSS: If any part of the Property is damaged or destroyed by fire or other casualtyafter the effective date of this contract, Seller shall restore the Property to its previous condition assoon as reasonably possible, but in any event by the Closing Date. If Seller fails to do so due tofactors beyond Seller's control, Buyer may (a) terminate this contract and the earnest money will berefunded to Buyer (b) extend the time for performance up to 45 days and the Closing Date will beextended as necessary or (c) accept the Property in its damaged condition with an assignment ofinsurance proceeds and receive credit from Seller at closing in the amount of the deductible underthe insurance policy. Seller's obligations under this paragraph are independent of any otherobligations of Seller under this contract.

15. DEFAULT: If Buyer fails to comply with this contract, Buyer will be in default, and Seller may (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 releasingboth parties from this contract. If, due to factors beyond Seller's control, Seller fails to substantiallycomplete the improvements by the Closing Date or fails within the time allowed to make any noncasualty repairs or deliver the Commitment, or survey, if required of Seller, Buyer may (a) extendthe time for performance up to 45 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 complywith this contract for any other reason, Seller will be in default and Buyer may (a) enforce specificperformance, seek such other relief as may be provided by law, or both, or (b) terminate thiscontract and receive the earnest money, thereby releasing both parties from this contract.

16. MEDIATION: It is the policy of the State of Texas to encourage resolution of disputes throughalternative dispute resolution procedures such as mediation. Subject to applicable law, any disputebetween Seller and Buyer related to this contract which is not resolved through informal discussion

will will notthe mediation shall bear the mediation costs equally. This paragraph does not preclude a partyfrom seeking equitable relief from a court of competent jurisdiction.

12. SETTLEMENT AND OTHER EXPENSES:A. The following expenses must be paid at or prior to closing:

(1) Expenses payable by Seller (Seller's Expenses):(a) Releases of existing liens, including prepayment penalties and recording fees; release of

Seller's loan liability; tax statements or certificates; preparation of deed; one-half ofescrow fee; and other expenses payable by Seller under this contract.

to be applied in the(b) Seller shall also pay an amount not to exceed $following order: Buyer's Expenses which Buyer is prohibited from paying by FHA, VA,Texas Veterans Land Board or other governmental loan programs, and then to otherBuyer's Expenses as allowed by the lender.

(2) Expenses payable by Buyer (Buyer's Expenses):(a) Loan origination, discount, buy-down, and commitment fees (Loan Fees).(b) Appraisal fees; loan application fees; credit reports; preparation of loan documents;

interest on the notes from date of disbursement to one month prior to dates offirst monthly payments; recording fees; copies of easements and restrictions; mortgageetitle policy with endorsements required by lender; loan-related inspection fees; photos;amortization schedules; one-half of escrow fee; all prepaid items, including requiredpremiums for flood and hazard insurance, reserve deposits for insurance, ad valoremtaxes and special governmental assessments; final compliance inspection; courier fee;repair inspection; underwriting fee; wire transfer fee; expenses incident to any loan; andother expenses payable by Buyer under this contract.

Buyer will be obligated to pay taxes for the current year.

be submitted to a mutually acceptable mediation service or provider. The parties to

Contract Concerning Page 5 of 9 09-01-09(Address of Property)

17. ATTORNEY'S FEES: A Buyer, Seller, Listing Broker, Other Broker, or escrow agent who prevails inany legal proceeding related to this contract is entitled to recover reasonable attorney's fees and allcosts of such proceeding.

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19. REPRESENTATIONS: All covenants, representations and warranties in this contract surviveclosing. If any representation of Seller in this contract is untrue on the Closing Date, Seller will bein default. Unless expressly prohibited by written agreement, Seller may continue to show theProperty and receive, negotiate and accept back up offers.

20. FEDERAL TAX REQUIREMENTS: If Seller is a "foreign person," as defined by applicable law, or ifSeller fails to deliver an affidavit to Buyer that Seller is not a "foreign person," then Buyer shallwithhold from the sales proceeds an amount sufficient to comply with applicable tax law anddeliver the same to the Internal Revenue Service together with appropriate tax forms. InternalRevenue Service regulations require filing written reports if currency in excess of specifiedamounts is received in the transaction.

21. NOTICES: All notices from one party to the other must be in writing and are effective when mailedto, hand-delivered at, or transmitted by facsimile or electronic transmission as follows:

To Buyer To Seller

Telephone: phone:

Facsimile: Facsimile:

18. ESCROW:A. ESCROW: The escrow agent is not (i) a party to this contract and does not have liability for the

performance or nonperformance of any party to this contract, (ii) liable for interest on theearnest money and (iii) liable for the loss of any earnest money caused by the failure of anyfinancial institution in which the earnest money has been deposited unless the financialinstitution is acting as escrow agent.

B. EXPENSES: At closing, the earnest money must be applied first to any cash down payment,then to Buyer's Expenses and any excess refunded to Buyer. If no closing occurs, escrowagent may require payment of unpaid expenses incurred on behalf of the parties and a writtenrelease of liability of escrow agent from all parties.

C. DEMAND: Upon termination of this contract, either party or the escrow agent may send arelease of earnest money to each party and the parties shall execute counterparts of therelease and deliver same to the escrow agent. If either party fails to execute the release, eitherparty may make a written demand to the escrow agent for the earnest money. If only oneparty makes written demand for the earnest money, escrow agent shall promptly provide acopy of the demand to the other party. If escrow agent does not receive written objection tothe demand from the other party within 15 days, escrow agent may disburse the earnestmoney to the party making demand reduced by the amount of unpaid expenses incurred onbehalf of the party receiving the earnest money and escrow agent may pay the same to thecreditors. If escrow agent complies with the provisions of this paragraph, each party herebyreleases escrow agent from all adverse claims related to the disbursal of the earnest money.

D. DAMAGES: Any party who wrongfully fails or refuses to sign a release acceptable to the escrowagent within 7 days of receipt of the request will be liable to the other party for liquidateddamages in an amount equal to the sum of: (i) three times the amount of the earnest money;

E. NOTICES: Escrow agent's notices will be effective when sent in compliance with Paragraph21. Notice of objection to the demand will be deemed effective upon receipt by escrow agent.

at:

E-mail:

at:

E-mail:

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Contract Concerning Page 6 of 9 09-01-09(Address of Property)

(ii) the earnest money; (iii) reasonable attorney's fees; and (iv) all costs of suit.

Tele-

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23. TERMINATION OPTION: For nominal consideration, the receipt of which is herebyacknowledged by Seller, and Buyer's agreement to pay Seller $within 2 days after the effective date of this contract, Seller grants Buyer the unrestricted right toterminate this contract by giving notice of termination to Seller within days after theeffective date of this contract. If no dollar amount is stated as the Option Fee or if Buyer fails to

any earnest money will be refunded to Buyer. The Option Fee will will not be credited to theSales Price at closing. Time is of the essence for this paragraph and strict compliance withthe time for performance is required.

24. CONSULT AN ATTORNEY: Real estate licensees cannot give legal advice. READ THISCONTRACT CAREFULLY. If you do not understand the effect of this contract, consult an attorneyBEFORE signing.

Buyer's Seller'sAttorney is: Attorney is:

Telephone: Telephone:

Facsimile: Facsimile:

22. AGREEMENT OF PARTIES: This contract contains the entire agreement of the parties andcannot be changed except by their written agreement. Addenda which are a part of this contractare (check all applicable boxes):

Addendum for "Back-Up" ContractThird Party Financing Condition Addendum

Environmental Assessment, Threatened

Seller Financing Addendum

or Endangered Species and WetlandsAddendum

Addendum for Coastal Area Property

Addendum for Property Subject toMandatory Membership in a PropertyOwners' Association

Addendum for Property Located SeawardBuyer's Temporary Residential Leaseof the Gulf Intracoastal Waterway

Addendum for Sale of Other Property byBuyer

Other (list):

(Option Fee)

pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of thiscontract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer givesnotice of termination within the time prescribed, the Option Fee will not be refunded; however,

E-mail: E-mail:

Contract Concerning Page 7 of 9 09-01-09(Address of Property)

Seller's Temporary Residential Lease

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This contract is subject to Chapter 27 of theTexas Property Code. The provisions of that

Buyerchapter may affect your right to recoverdamages arising from a construction defect. Ifyou have a complaint concerning aconstruction defect and that defect has notbeen corrected as may be required by law orby contract, you must provide the notice

Buyerrequired by Chapter 27 of the Texas PropertyCode to the contractor by certified mail, returnreceipt requested, not later than the 60th daybefore the date you file suit to recover

Sellerdamages in a court of law or initiatearbitration. The notice must refer to Chapter27 of the Texas Property Code and mustdescribe the construction defect. If requestedby the contractor, you must provide the

Sellercontractor an opportunity to inspect and cure

the Texas Property Code.

The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only bytrained real estate licensees. No representation is made as to the legal validity or adequacy of any provision in any specifictransactions. It is not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, 1-800-250-8732 or (512) 459-6544 (http://www.trec.state.tx.us) TREC NO. 23-9. This form replaces TREC NO. 23-8.

EXECUTED the day of , (EFFECTIVE DATE).(BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.)

the defect as provided by Section 27.004 of

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Contract Concerning Page 9 of 9 09-01-09(Address of Property)

BROKER INFORMATION AND RATIFICATION OF FEEListing Broker has agreed to pay Other Broker of the total sales pricewhen Listing Broker's fee is received. Escrow Agent is authorized and directed to pay Other Broker fromListing Broker's fee at closing.

Other Broker License No. Listing Broker License No.Buyer only as Buyer's agentrepresents represents Seller and Buyer as an intermediarySeller as Listing Broker's subagent Seller only as Seller's agent

Associate Telephone Listing Associate Telephone

Broker's Address Listing Associate's Office Address Facsimile

City State Zip City State Zip

Facsimile Email Address

Email Address Selling Associate Telephone

Selling Associate's Office Address Facsimile

City State Zip

Email Address

OPTION FEE RECEIPT

(Option Fee) in the form ofReceipt of $ is acknowledged.

Seller or Listing Broker Date

CONTRACT AND EARNEST MONEY RECEIPT

Receipt of Contract and $ Earnest Money in the form ofis acknowledged.Escrow Agent: Date:

By:Email Address

Telephone:Address

Facsimile:City State Zip

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PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC) 06-30-08

ONE TO FOUR FAMILY RESIDENTIAL CONTRACT (RESALE)NOTICE: Not For Use For Condominium Transactions

1. (Seller)PARTIES: The parties to this contract are(Buyer). Seller agrees

to sell and convey to Buyer and Buyer agrees to buy from Seller the Property defined below.2. PROPERTY:

A. LAND: Lot Block ,

,Texas, known ascode), or as described on attached exhibit.

B. IMPROVEMENTS: The house, garage and all other fixtures and improvements attached tothe above-described real property, including without limitation, the following permanentlyinstalled and built-in items, if any: all equipment and appliances, valances, screens,shutters, awnings, wall-to-wall carpeting, mirrors, ceiling fans, attic fans, mail boxes,television antennas and satellite dish system and equipment, heating and air-conditioningunits, security and fire detection equipment, wiring, plumbing and lighting fixtures,

equipment, shrubbery, landscaping, outdoor cooking equipment, and all other propertyowned by Seller and attached to the above described real property.

C. ACCESSORIES: The following described related accessories, if any: window air conditioningunits, stove, fireplace screens, curtains and rods, blinds, window shades, draperies androds, controls for satellite dish system, controls for garage door openers, entry gatecontrols, door keys, mailbox keys, above ground pool, swimming pool equipment andmaintenance accessories, and artificial fireplace logs.

D. EXCLUSIONS: The following improvements and accessories will be retained by Seller andmust be removed prior to delivery of possession:

The land, improvements and accessories are collectively referred to as the "Property".3. SALES PRICE:

A. Cash portion of Sales Price payable by Buyer at closing . . . . . . . . . . . . . . . . $B. Sum of all financing described below (excluding any loan funding

fee or mortgage insurance premium) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $Sales Price (Sum of A and B)C. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

4. FINANCING: The portion of Sales Price not payable in cash will be paid as follows: (Checkapplicable boxes below)

A. THIRD PARTY FINANCING: One or more third party mortgage loans in the total amount of$ (excluding any loan funding fee or mortgage insurance premium).

Property Approval: If the Property does not satisfy the lenders' underwritingrequirements for the loan(s), this contract will terminate and the earnest money will be

(a) This contract is subject to Buyer being approved for the financing described inthe attached Third Party Financing Condition Addendum.This contract is not subject to Buyer being approved for financing and does notinvolve FHA or VA financing.

B. ASSUMPTION: The assumption of the unpaid principal balance of one or more promissorynotes described in the attached TREC Loan Assumption Addendum.

C. SELLER FINANCING: A promissory note from Buyer to Seller of $ ,

described in the attached TREC Seller Financing Addendum. If an owner policy of titleinsurance is furnished, Buyer shall furnish Seller with a mortgagee policy of titleinsurance.

5. EARNEST MONEY: Upon execution of this contract by all parties, Buyer shall deposit,$ as earnest money with

as escrow agent, at(address). Buyer shall deposit additional earnest money of $ with escrow

days after the effective date of this contract. If Buyer fails to deposit theearnest money as required by this contract, Buyer will be in default.

Addition, City of, County of

chandeliers, water softener system, kitchen equipment, garage door openers, cleaning

.

(1)

refunded to Buyer.(2) Financing Approval: (Check one box only)

(b)

secured by vendor's and deed of trust liens, and containing the terms and conditions

agent within

6. TITLE POLICY AND SURVEY:Seller's Buyer's expense an owner policyA. TITLE POLICY: Seller shall furnish to Buyer at

of title insurance (Title Policy) issued by(Title Company) in the amount of the Sales Price, dated at or after closing, insuring Buyer

and

against loss under the provisions of the Title Policy, subject to the promulgated exclusions

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(address/zip

Initialed for identification by Buyer and Seller TREC NO. 20-8(TAR 1601) 06-30-08 Page 1 of 8Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381 281-467-5013 281-367-7027Barbara Robin Buyer Informat

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Page 2 of 8 06-30-08Contract Concerning(Address of Property)

(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 marital rights.(7) The standard printed exception as to waters, tidelands, beaches, streams, and related

matters.(8) The standard printed exception as to discrepancies, conflicts, shortages in area or boundary

lines, encroachments or protrusions, or overlapping improvements. Buyer, at Buyer's expense,may have the exception amended to read, "shortages in area".

B. COMMITMENT: Within 20 days after the Title Company receives a copy of this contract, Sellershall furnish to Buyer a commitment for title insurance (Commitment) and, at Buyer'sexpense, legible copies of restrictive covenants and documents evidencing exceptions in theCommitment (Exception Documents) other than the standard printed exceptions. Sellerauthorizes the Title Company to deliver the Commitment and Exception Documents to Buyer

not delivered to Buyer within the specified time, the time for delivery will be automaticallyextended up to 15 days or the Closing Date, whichever is earlier.

C. SURVEY: The survey must be made by a registered professional land surveyor acceptable tothe Title Company and any lender(s). (Check one box only)

(1) Within days after the effective date of this contract, Seller shall furnish to Buyerand Title Company Seller's existing survey of the Property and a Residential Real

(2) Within days after the effective date of this contract, Buyer shall obtain a new

receipt or the date specified in this paragraph, whichever is earlier.(3) Within days after the effective date of this contract, Seller, at Seller's expense

shall furnish a new survey to Buyer.D. OBJECTIONS: Buyer may object in writing to defects, exceptions, or encumbrances to title:

disclosed on the survey other than items 6A(1) through (7) above; disclosed in theCommitment other than items 6A(1) through (8) above; or which prohibit the following use oractivity:

.

receives the Commitment, Exception Documents, and the survey. Buyer's failure to objectwithin the time allowed will constitute a waiver of Buyer's right to object; except that the

E. TITLE NOTICES:(1) ABSTRACT OR TITLE POLICY: 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

Buyer's right to object.(2) PROPERTY OWNERS' ASSOCIATION MANDATORY MEMBERSHIP: The Property is is

at Buyer's address shown in Paragraph 21. If the Commitment and Exception Documents are

Property Affidavit promulgated by the Texas Department of Insurance (Affidavit). If theexisting survey or Affidavit is not acceptable to Title Company or Buyer's lender(s),Buyer shall obtain a new survey at Seller's Buyer's expense no later than 3 daysprior to Closing Date. If Seller fails to furnish the existing survey or Affidavitwithin the time prescribed, Buyer shall obtain a new survey at Seller'sexpense no later than 3 days prior to Closing Date.

survey at Buyer's expense. Buyer is deemed to receive the survey on the date of actual

Buyer must object the earlier of (i) the Closing Date or (ii) days after Buyer

requirements in Schedule C of the Commitment are not waived. Provided Seller is notobligated to incur any expense, Seller shall cure the timely objections of Buyer or any thirdparty lender within 15 days after Seller receives the objections and the Closing Date will beextended as necessary. If objections are not cured within such 15 day period, this contractwill terminate and the earnest money will be refunded to Buyer unless Buyer waives theobjections.

with or obtain a Title Policy. If a Title Policy is furnished, the Commitment should bepromptly reviewed by an attorney of Buyer's choice due to the time limitations on

not subject to mandatory membership in a property owners' association. If the Property issubject to mandatory membership in a property owners' association, Seller notifies Buyerunder §5.012, Texas Property Code, that, as a purchaser of property in theresidential community identified in Paragraph 2A in which the Property is located, you areobligated to be a member of the property owners' association. Restrictive covenantsgoverning the use and occupancy of the Property and a dedicatory instrument governingthe establishment, maintenance, and operation of this residential community have beenor will be recorded in the Real Property Records of the county in which the Property islocated. Copies of the restrictive covenants and dedicatory instrument may be obtainedfrom the county clerk. You are obligated to pay assessments to the property owners'association. The amount of the assessments is subject to change. Your failure to pay the

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assessments could result in a lien on and the foreclosure of the Property. If Buyer isconcerned about these matters, the TREC promulgated Addendum for PropertySubject to Mandatory Membership in a Property Owners' Association should be

(3) STATUTORY TAX DISTRICTS: If the Property is situated in a utility or other statutorilycreated district providing water, sewer, drainage, or flood control facilities and services,Chapter 49, Texas Water Code, requires Seller to deliver and Buyer to sign the statutorynotice relating to the tax rate, bonded indebtedness, or standby fee of the district prior tofinal execution of this contract.

(4) TIDE WATERS: If the Property abuts the tidally influenced waters of the state, §33.135,Texas Natural Resources Code, requires a notice regarding coastal area property to beincluded in the contract. An addendum containing the notice promulgated by TREC orrequired by the parties must be used.

(5) ANNEXATION: If the Property is located outside the limits of a municipality, Seller notifiesBuyer under §5.011, Texas Property Code, that the Property may now or later beincluded in the extraterritorial jurisdiction of a municipality and may now or later besubject to annexation by the municipality. Each municipality maintains a map that depictsits boundaries and extraterritorial jurisdiction. To determine if the Property is locatedwithin a municipality's extraterritorial jurisdiction or is likely to be located within a

proximity of the Property for further information.

7. PROPERTY CONDITION:A. ACCESS, INSPECTIONS AND UTILITIES: Seller shall permit Buyer and Buyer's agents access

to the Property at reasonable times. Buyer may have the Property inspected by inspectorsselected by Buyer and licensed by TREC or otherwise permitted by law to make inspections.Seller at Seller's expense shall turn on existing utilities for inspections.

B. SELLER'S DISCLOSURE NOTICE PURSUANT TO §5.008, TEXAS 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 and the earnestmoney will be refunded to Buyer. If Seller delivers the Notice, Buyer may terminatethis contract for any reason within 7 days after Buyer receives the Notice or prior tothe closing, whichever first occurs, and the earnest money will be refunded to Buyer.

(3) The Seller is not required to furnish the notice under the Texas Property Code.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.D. ACCEPTANCE OF PROPERTY CONDITION: (Check one box only)

shall complete the following specific repairs and treatments:

E. LENDER REQUIRED REPAIRS AND TREATMENTS: Unless otherwise agreed in writing,neither party is obligated to pay for lender required repairs, which includes treatment

used.

municipality's extraterritorial jurisdiction, contact all municipalities located in the general

(6) PROPERTY LOCATED IN A CERTIFICATED SERVICE AREA OF A UTILITY SERVICEPROVIDER: Notice required by §13.257, Water Code: The real property, described inParagraph 2, that you are about to purchase may be located in a certificated water orsewer service area, which is authorized by law to provide water or sewer service to theproperties in the certificated area. If your property is located in a certificated area theremay be special costs or charges that you will be required to pay before you can receivewater or sewer service. There may be a period required to construct lines or otherfacilities necessary to provide water or sewer service to your property. You are advised todetermine if the property is in a certificated area and contact the utility service providerto determine the cost that you will be required to pay and the period, if any, that isrequired to provide water or sewer service to your property. The undersigned Buyerhereby acknowledges receipt of the foregoing notice at or before the execution of abinding contract for the purchase of the real property described in Paragraph 2 or atclosing of purchase of the real property.

(7) PUBLIC IMPROVEMENT DISTRICTS: If the Property is in a public improvement district,§5.014, Property Code, requires Seller to notify Buyer as follows: As a purchaser of thisparcel of real property you are obligated to pay an assessment to a municipality orcounty for an improvement project undertaken by a public improvement district underChapter 372, Local Government Code. The assessment may be due annually or inperiodic installments. More information concerning the amount of the assessment and thedue dates of that assessment may be obtained from the municipality or county levyingthe assessment. The amount of the assessments is subject to change. Your failure topay the assessments could result in a lien on and the foreclosure of your property.

(1) Buyer accepts the Property in its present condition.(2) Buyer accepts the Property in its present condition provided Seller, at Seller's expense,

Contract Concerning Page 3 of 8 06-30-08(Address of Property)

.

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for wood destroying insects. If the parties do not agree to pay for the lender requiredrepairs or treatments, this contract will terminate and the earnest money will be refundedto Buyer. If the cost of lender required repairs and treatments exceeds 5% of the SalesPrice, Buyer may terminate this contract and the earnest money will be refunded to Buyer.

F. COMPLETION OF REPAIRS AND TREATMENTS: Unless otherwise agreed in writing, Sellershall complete all agreed repairs and treatments prior to the Closing Date. All requiredpermits must be obtained, and repairs and treatments must be performed by persons whoare licensed or otherwise authorized by law to provide such repairs or treatments. AtBuyer's election, any transferable warranties received by Seller with respect to the repairsand treatments will be transferred to Buyer at Buyer's expense. If Seller fails tocomplete any agreed repairs and treatments prior to the Closing Date, Buyer may do soand receive reimbursement from Seller at closing. The Closing Date will be extended up to15 days, if necessary, to complete repairs and treatments.

G. ENVIRONMENTAL MATTERS: Buyer is advised that the presence of wetlands, toxicsubstances, including asbestos and wastes or other environmental hazards, or thepresence of a threatened or endangered species or its habitat may affect Buyer's intendeduse of the Property. If Buyer is concerned about these matters, an addendumpromulgated by TREC or required by the parties should be used.

H. RESIDENTIAL SERVICE CONTRACTS: Buyer may purchase a residential service contractfrom a residential service company licensed by TREC. If Buyer purchases a residentialservice contract, Seller shall reimburse Buyer at closing for the cost of the residentialservice contract in an amount not exceeding $ . Buyer should review anyresidential service contract for the scope of coverage, exclusions and limitations. Thepurchase of a residential service contract is optional. Similar coverage may bepurchased from various companies authorized to do business in Texas.

8. BROKERS' FEES: All obligations of the parties for payment of brokers' fees are contained inseparate written agreements.

9. CLOSING:A. The closing of the sale will be on or before , , or within 7

days after objections made under Paragraph 6D have been cured or waived, whicheverdate is later (Closing Date). If either party fails to close the sale by the Closing Date, thenon-defaulting party may exercise the remedies contained in Paragraph 15.

B. At closing:(1) Seller shall execute and deliver a general warranty deed conveying title to the Property

to Buyer and showing no additional exceptions to those permitted in Paragraph 6 andfurnish tax statements or certificates showing no delinquent taxes on the Property.

(2) Buyer shall pay the Sales Price in good funds acceptable to the escrow agent.(3) Seller and Buyer shall execute and deliver any notices, statements, certificates,

affidavits, releases, loan documents and other documents required of them by thiscontract, the Commitment or law necessary for the closing of the sale and theissuance of the Title Policy.

10. POSSESSION: Seller shall deliver to Buyer possession of the Property in its present or requiredcondition, ordinary wear and tear excepted: upon closing and funding according to atemporary residential lease form promulgated by TREC or other written lease required by theparties. Any possession by Buyer prior to closing or by Seller after closing which is not authorizedby a written lease will establish a tenancy at sufferance relationship between the parties.Consult your insurance agent prior to change of ownership and possession becauseinsurance coverage may be limited or terminated. The absence of a written lease orappropriate insurance coverage may expose the parties to economic loss.

11. SPECIAL PROVISIONS: (Insert only factual statements and business details applicable tothe sale. TREC rules prohibit licensees from adding factual statements or business details forwhich a contract addendum, lease or other form has been promulgated by TREC formandatory use.)

Contract Concerning Page 4 of 8 06-30-08(Address of Property)

(4) There will be no liens, assessments, or security interests against the Property whichwill not be satisfied out of the sales proceeds unless securing the payment of any loansassumed by Buyer and assumed loans will not be in default.

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12. SETTLEMENT AND OTHER EXPENSES:A. The following expenses must be paid at or prior to closing:

Expenses payable by Seller (Seller's Expenses):(1)(a) Releases of existing liens, including prepayment penalties and recording fees; release

of Seller's loan liability; tax statements or certificates; preparation of deed; one-halfof escrow fee; and other expenses payable by Seller under this contract.

(b) Seller shall also pay an amount not to exceed $ to be applied in thefollowing order: Buyer's Expenses which Buyer is prohibited from paying by FHA, VA,Texas Veterans Land Board or other governmental loan programs, and then to otherBuyer's Expenses as allowed by the lender.

(2) Expenses payable by Buyer (Buyer's Expenses):(a) Loan origination, discount, buy-down, and commitment fees (Loan Fees).(b) Appraisal fees; loan application fees; credit reports; preparation of loan documents;

interest on the notes from date of disbursement to one month prior to datesof first monthly payments; recording fees; copies of easements and restrictions;mortgagee title policy with endorsements required by lender; loan-related inspectionfees; photos; amortization schedules; one-half of escrow fee; all prepaid items,including required premiums for flood and hazard insurance, reserve deposits forinsurance, ad valorem taxes and special governmental assessments; final complianceinspection; courier fee; repair inspection; underwriting fee; wire transfer fee;

contract.expenses incident to any loan; and other expenses payable by Buyer under this

B. Buyer shall pay Private Mortgage Insurance Premium (PMI), VA Loan Funding Fee, or FHAMortgage Insurance Premium (MIP) as required by the lender.

C. If any expense exceeds an amount expressly stated in this contract for such expense to bepaid by a party, that party may terminate this contract unless the other party agrees to paysuch excess. Buyer may not pay charges and fees expressly prohibited by FHA, VA, TexasVeterans Land Board or other governmental loan program regulations.

13. PRORATIONS: Taxes for the current year, interest, maintenance fees, assessments, dues andrents will be prorated through the Closing Date. The tax proration may be calculated taking intoconsideration any change in exemptions that will affect the current year's taxes. If taxes for thecurrent year vary from the amount prorated at closing, the parties shall adjust the prorationswhen tax statements for the current year are available. If taxes are not paid at or prior toclosing, Buyer shall pay taxes for the current year.

14. CASUALTY LOSS: If any part of the Property is damaged or destroyed by fire or other casualtyafter the effective date of this contract, Seller shall restore the Property to its previous conditionas soon as reasonably possible, but in any event by the Closing Date. If Seller fails to do so dueto factors beyond Seller's control, Buyer may (a) terminate this contract and the earnest moneywill be refunded to Buyer (b) extend the time for performance up to 15 days and the ClosingDate will be extended as necessary or (c) accept the Property in its damaged condition with anassignment of insurance proceeds and receive credit from Seller at closing in the amount of thedeductible under the insurance policy. Seller's obligations under this paragraph are independentof any other obligations of Seller under this contract.

15. DEFAULT: If Buyer fails to comply with this contract, Buyer will be in default, and Seller mayenforce specific performance, seek such other relief as may be provided by law, or both, or(a)

(b) terminate this contract and receive the earnest money as liquidated damages, therebyreleasing both parties from this contract. If, due to factors beyond Seller's control, Seller failswithin the time allowed to make any non-casualty repairs or deliver the Commitment, orsurvey, if required of Seller, Buyer may (a) extend the time for performance up to 15 days andthe Closing Date will be extended as necessary or (b) terminate this contract as the soleremedy and receive the earnest money. If Seller fails to comply with this contract for any otherreason, Seller will be in default and Buyer may (a) enforce specific performance, seek suchother relief as may be provided by law, or both, or (b) terminate this contract and receive theearnest money, thereby releasing both parties from this contract.

16. MEDIATION: It is the policy of the State of Texas to encourage resolution of disputes throughalternative dispute resolution procedures such as mediation. Any dispute between Seller andBuyer related to this contract which is not resolved through informal discussion will will notbe submitted to a mutually acceptable mediation service or provider. The parties to themediation shall bear the mediation costs equally. This paragraph does not preclude a partyfrom seeking equitable relief from a court of competent jurisdiction.

17. ATTORNEY'S FEES: A Buyer, Seller, Listing Broker, Other Broker, or escrow agent whoprevails in any legal proceeding related to this contract is entitled to recover reasonableattorney's fees and all costs of such proceeding.

Contract Concerning Page 5 of 8 06-30-08(Address of Property)

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Buyer Informat

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18. ESCROW:ESCROW: The escrow agent is not (i) a party to this contract and does not have liabilityfor the performance or nonperformance of any party to this contract, (ii) liable for interest

A.

on the earnest money and (iii) liable for the loss of any earnest money caused by thefailure of any financial institution in which the earnest money has been deposited unlessthe financial institution is acting as escrow agent.

B. EXPENSES: At closing, the earnest money must be applied first to any cash downpayment, then to Buyer's Expenses and any excess refunded to Buyer. If no closingoccurs, escrow agent may require payment of unpaid expenses incurred on behalf of theparties and a written release of liability of escrow agent from all parties.

C. DEMAND: Upon termination of this contract, either party or the escrow agent may send arelease of earnest money to each party and the parties shall execute counterparts of therelease and deliver same to the escrow agent. If either party fails to execute the release,either party may make a written demand to the escrow agent for the earnest money. Ifonly one party makes written demand for the earnest money, escrow agent shall promptlyprovide a copy of the demand to the other party. If escrow agent does not receive writtenobjection to the demand from the other party within 15 days, escrow agent may disbursethe earnest money to the party making demand reduced by the amount of unpaidexpenses incurred on behalf of the party receiving the earnest money and escrow agentmay pay the same to the creditors. If escrow agent complies with the provisions of thisparagraph, each party hereby releases escrow agent from all adverse claims related to thedisbursal of the earnest money.

D. DAMAGES: Any party who wrongfully fails or refuses to sign a release acceptable to the

earnest money; (ii) the earnest money; (iii) reasonable attorney's fees; and (iv) all costsof suit.

E. NOTICES: Escrow agent's notices will be effective when sent in compliance with Paragraph21. Notice of objection to the demand will be deemed effective upon receipt by escrowagent.

19. REPRESENTATIONS: All covenants, representations and warranties in this contract surviveclosing. If any representation of Seller in this contract is untrue on the Closing Date, Sellerwill be in default. Unless expressly prohibited by written agreement, Seller may continue toshow the Property and receive, negotiate and accept back up offers.

20. FEDERAL TAX REQUIREMENTS: If Seller is a "foreign person," as defined by applicable law,or if Seller fails to deliver an affidavit to Buyer that Seller is not a "foreign person," thenBuyer shall withhold from the sales proceeds an amount sufficient to comply with applicabletax law and deliver the same to the Internal Revenue Service together with appropriate taxforms. Internal Revenue Service regulations require filing written reports if currency in excessof specified amounts is received in the transaction.

21. NOTICES: All notices from one party to the other must be in writing and are effective whenmailed to, hand-delivered at, or transmitted by facsimile or electronic transmission as follows:To Buyer at:

To Seller at:

Telephone: Telephone:

Facsimile: Facsimile:

E-mail: E-mail:

Contract Concerning Page 6 of 8 06-30-08(Address of Property)

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escrow agent within 7 days of receipt of the request will be liable to the other party forliquidated damages in an amount equal to the sum of: (i) three times the amount of the

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22. AGREEMENT OF PARTIES: This contract contains the entire agreement of the parties andcannot be changed except by their written agreement. Addenda which are a part of thiscontract are (Check all applicable boxes):

Third Party Financing Condition Addendum

Addendum for Property Subject toMandatory Membership in a Property

Seller Financing Addendum

Environmental Assessment, Threatenedor Endangered Species and Wetlands

Addendum for "Back-Up" Contract

Buyer's Temporary Residential Lease

Addendum for Coastal Area Property

Seller's Temporary Residential Lease

Addendum for Property Located Seawardof the Gulf Intracoastal Waterway

Addendum for Sale of Other Property by Buyer

Addendum Containing Required NoticesUnder §5.016, §420.001 and§420.002, Texas Property Code

Other (list):

23. TERMINATION OPTION: For nominal consideration, the receipt of which is herebyacknowledged by Seller, and Buyer's agreement to pay Seller $

to terminate this contract by giving notice of termination to Seller withineffective date of this contract. If no dollar amount is stated as the Option Fee or if Buyer fails

will will not be

within 2 days after the effective date of this contract, Seller grants Buyer the unrestricted right(Option Fee)

days after the

to pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part ofthis contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyergives notice of termination within the time prescribed, the Option Fee will not be refunded;however, any earnest money will be refunded to Buyer. The Option Feecredited to the Sales Price at closing. Time is of the essence for this paragraph and strictcompliance with the time for performance is required.

24. CONSULT AN ATTORNEY: Real estate licensees cannot give legal advice. READ THISCONTRACT CAREFULLY. If you do not understand the effect of this contract, consult an attorneyBEFORE signing.

Buyer'sAttorney is:

Telephone:

Facsimile:

E-mail:

Seller'sAttorney is:

Telephone:

Facsimile:

E-mail:

EXECUTED the day of , (EFFECTIVE DATE).(BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.)

SellerBuyer

Buyer Seller

The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by trained realestate licensees. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. It is notintended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, 1-800-250-8732 or (512) 459-6544 (http://www.trec.state.tx.us) TREC NO. 20-8. This form replaces TREC NO. 20-7.

Contract Concerning Page 7 of 8 06-30-08(Address of Property)

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Owners' Association Addendum

TREC NO. 20-8(TAR 1601) 06-30-08 Page 7 of 8

Addendum for Seller's Disclosure ofInformation on Lead-based Paint andLead-based Paint Hazards as Required byFederal Law

Buyer Informat

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Contract Concerning Page 8 of 8 06-30-08(Address of Property)

OPTION FEE RECEIPT

Receipt of $ (Option Fee) in the form of is acknowledged.

Seller or Listing Broker Date

BROKER INFORMATION AND RATIFICATION OF FEEListing Broker has agreed to pay Other Broker of the total sales pricewhen Listing Broker's fee is received. Escrow Agent is authorized and directed to pay Other Broker fromListing Broker's fee at closing.

Other Broker Listing Brokerrepresents Buyer only as Buyer's agent represents Seller and Buyer as an intermediary

Seller as Listing Broker's subagent Seller only as Seller's agent

Associate Telephone

Broker's Address

Facsimile

CONTRACT AND EARNEST MONEY RECEIPT

Receipt of Contract and $ Earnest Money in the form ofis acknowledged.Escrow Agent: Date:

By:

Telephone:Address

Facsimile:City State Zip

License No.

City State Zip

Email Address

License No.

Listing Associate Telephone

Listing Associate's Office Address

City State Zip

Email Address

Facsimile

Selling Associate Telephone

Selling Associate's Office Address Facsimile

City State Zip

Email Address

Email Address

TREC NO. 20-8(TAR 1601) 06-30-08 Page 8 of 8

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(TAR 1901) 12-10-07 Page 1 of 2

12-10-07

PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)

THIRD PARTY FINANCING CONDITION ADDENDUMTO CONTRACT CONCERNING THE PROPERTY AT

(Street Address and City)

Buyer shall apply promptly for all financing described below and make every reasonable effort toobtain approval for the financing (Financing Approval). Buyer shall furnish all information anddocuments required by lender for Financing Approval. Financing Approval will be deemed to havebeen obtained when (1) the terms of the loan(s) described below are available and (2) lenderdetermines that Buyer has satisfied all of lender's financial requirements (those items relating toBuyer's assets, income and credit history). If Buyer cannot obtain Financing Approval, Buyer maygive written notice to Seller within days after the effective date of this contract and thiscontract will terminate and the earnest money will be refunded to Buyer. If Buyer does not givesuch notice within the time required, this contract will no longer be subject to FinancingApproval. Time is of the essence for this paragraph and strict compliance with the timefor performance is required.

NOTE: Financing Approval does not include approval of lender's underwriting requirements forthe Property, as specified in Paragraph 4.A.(1) of the contract.

Each note must be secured by vendor’s and deed of trust liens.

CHECK APPLICABLE BOXES:

A. CONVENTIONAL FINANCING:(1) A first mortgage loan in the principal amount of $ (excluding

any financed PMI premium), due in full in year(s), with interest not toexceed % per annum for the first year(s) of the loan with Loan Fees(loan origination, discount, buy-down, and commitment fees) not to exceed

% of the loan. (2) A second mortgage loan in the principal amount of $ (excluding

any financed PMI premium), due in full in year(s), with interest not toyear(s) of the loan with Loanexceed % per annum for the first

Fees (loan origination, discount, buy-down, and commitment fees) not to exceed% of the loan.

B. TEXAS VETERANS LOAN: A loan(s) from the Texas Veterans Land Board of $for a period in the total amount of years at the interest rate established by the TexasVeterans Land Board.

C. FHA INSURED FINANCING: 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 with Loan Fees (loan origination, discount, buy-down, and commitment fees) notto exceed % of the loan. As required by HUD-FHA, if FHA valuation is unknown,"It is expressly agreed that, notwithstanding any other provision of this contract, thepurchaser (Buyer) shall not be obligated to complete the purchase of the Property describedherein or to incur any penalty by forfeiture of earnest money deposits or otherwise unlessthe purchaser (Buyer) has been given in accordance with HUD/FHA or VA requirements awritten statement issued by the Federal Housing Commissioner, Department of VeteransAffairs, or a Direct Endorsement Lender setting forth the appraised value of the Propertyof not less than $ . The purchaser (Buyer) shall have the privilege andoption of proceeding with consummation of the contract without regard to the amount of the

Initialed for identification by Buyer and Seller TREC NO. 40-3

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(TAR 1901) 12-10-07 Page 2 of 2

Third Party Financing Condition Addendum Concerning Page 2 of 2 12-10-07

(Address of Property)

appraised valuation. The appraised valuation is arrived at to determine the maximummortgage the Department of Housing and Urban Development will insure. HUD does notwarrant the value or the condition of the Property. The purchaser (Buyer) should satisfyhimself/herself that the price and the condition of the Property are acceptable."NOTE: HUD 92564-CN "For Your Protection: Get a Home Inspection" must be attached tothis Addendum.

D. VA GUARANTEED FINANCING: 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 loanwith Loan Fees (loan origination, discount, buy-down, and commitment fees) not to exceed

% of the loan.

VA NOTICE TO BUYER: "It is expressly agreed that, notwithstanding any other provisions ofthis contract, the Buyer shall not incur any penalty by forfeiture of earnest money orotherwise or be obligated to complete the purchase of the Property described herein, if thecontract purchase price or cost exceeds the reasonable value of the Property established bythe Department of Veterans Affairs. The Buyer shall, however, have the privilege and optionof proceeding with the consummation of this contract without regard to the amount of thereasonable value established by the Department of Veterans Affairs."

If Buyer elects to complete the purchase at an amount in excess of the reasonable valueestablished by VA, Buyer shall pay such excess amount in cash from a source which Buyeragrees to disclose to the VA and which Buyer represents will not be from borrowed fundsexcept as approved by VA. If VA reasonable value of the Property is less than the SalesPrice, Seller may reduce the Sales Price to an amount equal to the VA reasonable value andthe sale will be closed at the lower Sales Price with proportionate adjustments to the downpayment and the loan amount.

Buyer hereby authorizes any lender to furnish to the Seller or Buyer or their representativesinformation relating only to the status of Financing Approval of Buyer.

Buyer Seller

Buyer Seller

This form has been approved by the Texas Real Estate Commission for use with similarly approved or promulgatedcontract forms. Such approval relates to this form only. TREC forms are intended for use only by trained real estatelicensees. No representation is made as to the legal validity or adequacy of any provision in any specific transactions.It is not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, 1-800-250-8732 or (512) 459-6544 (http://www.trec.state.tx.us) TREC No. 40-3. This form replaces TREC No. 40-2.

TREC NO. 40-3

Buyer Informat

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Within

PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC) 04-23-07

ENVIRONMENTAL ASSESSMENT, THREATENED ORENDANGERED SPECIES, AND WETLANDS ADDENDUM

TO CONTRACT CONCERNING THE PROPERTY AT

(Address of Property)

A. ENVIRONMENTAL ASSESSMENT: Buyer, at Buyer’s expense, may obtain an environmentalassessment report prepared by an environmental specialist.

B. THREATENED OR ENDANGERED SPECIES: Buyer, at Buyer’s expense, may obtain a reportfrom a natural resources professional to determine if there are any threatened or endangeredspecies or their habitats as defined by the Texas Parks and Wildlife Department or the U.S.Fish and Wildlife Service.

C. WETLANDS: Buyer, at Buyer’s expense, may obtain a report from an environmental specialistto determine if there are wetlands, as defined by federal or state law or regulation.

days after the effective date of the contract, Buyer may terminate the contract by furnishingSeller a copy of any report noted above that adversely affects the use of the Property and a notice of termination ofthe contract. Upon termination, the earnest money will be refunded to Buyer.

Buyer Seller

Buyer Seller

This form has been approved by the Texas Real Estate Commission for use with similarly approved or promulgated contract forms.Such approval relates to this form only. TREC forms are intended for use only by trained real estate licensees. No representation ismade as to the legal validity or adequacy of any provision in any specific transactions. It is not suitable for complex transactions. TexasReal Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, 1-800-250-8732 or (512) 459-6544 (http://www.trec.state.tx.us)TREC No. 28-1. This form replaces TREC No. 28-0.

(TAR-1917) 4-23-07 Page 1 of 1TREC No. 28-1

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PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC) 06-30-08

ADDENDUM FOR PROPERTY SUBJECT TOMANDATORY MEMBERSHIP IN A PROPERTY

OWNERS’ ASSOCIATION(NOT FOR USE WITH CONDOMINIUMS)

ADDENDUM TO CONTRACT CONCERNING THE PROPERTY AT

(Street Address and City)

(Name of Property Owners’ Association)

SUBDIVISION INFORMATION: "Subdivision Information" means: (i) the restrictions applying toA.the subdivision, (ii) the bylaws and rules of the Property Owners’ Association (Association), and (iii) aresale certificate, all of which comply with Section 207.003 of the Texas Property Code.(Check only one box):

1. Within days after the effective date of the contract, Seller shall at Seller's expense deliverthe Subdivision Information to Buyer. If Buyer does not receive the Subdivision Information,Buyer may terminate the contract at any time prior to closing and the earnest money will berefunded to Buyer. If Seller delivers the Subdivision Information, Buyer may terminate thecontract for any reason within 7 days after Buyer receives the Subdivision Information or priorto closing, whichever first occurs, and the earnest money will be refunded to Buyer.

2. Buyer has received and approved the Subdivision Information before signing the contract.3. Buyer does not require delivery of the Subdivision Information.

If Seller becomes aware of any material changes in the Subdivision Information, Seller shall promptlygive notice to Buyer. Buyer may terminate the contract prior to closing by giving written notice toSeller if: (i) any of the Subdivision Information provided was not true; or (ii) any material adversechange in the Subdivision Information occurs prior to closing, and the earnest money will berefunded to Buyer.

B. FEES: Buyer shall pay any Association fees resulting from the transfer of the Property not to exceed$

NOTICE TO BUYER REGARDING REPAIRS BY THE ASSOCIATION: The Association may have thesole responsibility to make certain repairs to the Property. If you are concerned about the condition ofany part of the Property which the Association is required to repair, you should not sign the contractunless you are satisfied that the Association will make the desired repairs.

Buyer Seller

Buyer Seller

The form of this addendum has been approved by the Texas Real Estate Commission for use only with similarly approved orpromulgated forms of contracts. Such approval relates to this contract form only. TREC forms are intended for use only bytrained real estate licensees. No representation is made as to the legal validity or adequacy of any provision in any specifictransactions. It is not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188, 1-800-250-8732 or (512) 459-6544 (http://www.trec.state.tx.us) TREC No. 36-5. This form replaces TREC No. 36-4.

and Seller shall pay any excess.

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TREC NO. 36-5(TAR 1922) 06-30-08 Page 1 of 1

Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381281-467-5013 281-367-7027 Barbara Robin Buyer Informat

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TEXAS ASSOCIATION OF REALTORS®

NON-REALTY ITEMS ADDENDUM TO CONTRACTUSE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED.

©Texas Association of REALTORS®, Inc. 1998

Buyer Seller

(TAR-1924) 01-27-98 Page 1 of 1

(Street Address and City)

CONCERNING THE PROPERTY AT

(2)

C. Seller does not warrant or guarantee the condition or future performance of the personal property conveyed by

ADDENDUM TO CONTRACT BETWEEN THE UNDERSIGNED PARTIES

A. Seller shall convey to Buyer at closing the following personal property (specify each item carefully, includedescription, model numbers, serial numbers, location, and other information):

(1)

as separate consideration for the personalfor an additional sum of $

B. Seller represents and warrants that Seller owns the personal property described in Paragraph A free and clear

at no cost to Buyer at closing.

Buyer Seller

of all encumbrances. Seller shall convey the personal property:

property.

this document.

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U.S. Department of Housingand Urban DevelopmentFederal Housing Administration (FHA)

OMB Approval No: 2502-0538(exp. 07/31/2009)

For Your Protection:Get a Home Inspection

Why a Buyer Needs a Home Inspection

A home inspection gives the buyer more detailed information about the overall condition of the home prior

Evaluate the physical condition: structure, construction, and mechanical systems;Identify items that need to be repaired or replaced; andEstimate the remaining useful life of the major systems, equipment, structure, and finishes.

Appraisals are Different from Home Inspections

An appraisal is different from a home inspection. Appraisals are for lenders; home inspections are for buyers.

Estimate the market value of a house;Make sure that the house meets FHA minimum property standards/requirements; andMake sure that the property is marketable.

FHA Does Not Guarantee the Value or Condition of your Potential New Home

If you find problems with your new home after closing, FHA can not give or lend you money for repairs,

Radon Gas Testing

The United States Environmental Protection Agency and the Surgeon General of the United States have

Be an Informed Buyer

It is your responsibility to be an informed buyer. Be sure that what you buy is satisfactory in every respect. You

HUD-92564-CN (6/06)

to purchase. In a home inspection, a qualified inspector takes an in-depth, unbiased look at your potentialnew home to:

An appraisal is required to:

and FHA can not buy the home back from you. That is why it is so important for you, the buyer, to getan independent home inspection. Ask a qualified home inspector to inspect your potential new homeand give you the information you need to make a wise decision.

recommended that all houses should be tested for radon. For more information on radon testing, call thetoll-free National Radon Information Line at 1-800-SOS-Radon or 1-800-767-7236. As with a home inspection,if you decide to test for radon, you may do so before signing your contract, or you may do so after signing thecontract as long as your contract states the sale of the home depends on your satisfaction with the results ofthe radon test.

have the right to carefully examine your potential new home with a qualified home inspector. You mayarrange to do so before signing your contract, or may do so after signing the contract as long as your contractstates that the sale of the home depends on the inspection.

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(TAR-1928) 06-06 Page 1 of 1

Signature Date

Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381 281-467-5013 281-367-7027 Buyer InformatBarbara Robin

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USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED.©Texas Association of REALTORS®, Inc. 2008

Signature

(TAR-2502) 7-16-08 Page 1 of 1

Date

NOTICE OF INFORMATION FROM OTHER SOURCES

To:

From:

Date:

(Broker)

(1) Broker obtained the attached information, identified as

(2)

from

.

(3) Broker does not warrant or guarantee the accuracy of the attached information. Do notrely on the attached information without verifying its accuracy.

Broker

By:

Receipt of this notice is acknowledged by:

DateSignature

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TEXAS ASSOCIATION OF REALTORS®

Property Address:

,

Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381281-467-5013 281-367-7027 Barbara Robin Buyer Informat

Broker has relied on the attached information and does not know and has no reason to know thatthe information is false or inaccurate except:

Page 27: Paperwork For Buyers

Approved by the Texas Real Estate Commission for Voluntary Use

Texas law requires all real estate licensees to give the following informationabout brokerage services to prospective buyers, tenants, sellers and landlords.

Information About Brokerage Services

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a questionor complaint regarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960.

Buyer, Seller, Landlord or Tenant Date

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee's records.

B

IF THE BROKER REPRESENTS THE OWNER:

efore working with a real estate broker, you shouldknow that the duties of a broker depend on whom

(TAR-2501) 1/1/96TREC No. OP-K

the broker represents. If you are a prospectiveseller or landlord (owner) or a prospective buyer or

tenant (buyer), you should know that the broker who liststhe property for sale or lease is the owner's agent. Abroker who acts as a subagent represents the owner incooperation with the listing broker. A broker who acts asa buyer's agent represents the buyer. A broker may act asan intermediary between the parties if the partiesconsent in writing. A broker can assist you in locating aproperty, preparing a contract or lease, or obtainingfinancing without representing you. A broker is obligatedby law to treat you honestly.

The broker becomes the owner's agent by entering into anagreement with the owner, usually through a written -listing agreement, or by agreeing to act as a subagent byaccepting an offer of subagency from the listing broker. Asubagent may work in a different real estate office. Alisting broker or subagent can assist the buyer but doesnot represent the buyer and must place the interests ofthe owner first. The buyer should not tell the owner'sagent anything the buyer would not want the owner toknow because an owner's agent must disclose to theowner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer's agent by entering into anagreement to represent the buyer, usually through awritten buyer representation agreement. A buyer's agentcan assist the owner but does not represent the ownerand must place the interests of the buyer first. The ownershould not tell a buyer's agent anything the owner wouldnot want the buyer to know because a buyer's agent mustdisclose to the buyer any material information known to theagent.

IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the partiesif the broker complies with The Texas Real Estate License

Act. The broker must obtain the written consent of eachparty to the transaction to act as an intermediary. Thewritten consent must state who will pay the broker and, inconspicuous bold or underlined print, set forth the broker'sobligations as an intermediary. The broker is required totreat each party honestly and fairly and to comply withThe Texas Real Estate License Act. A broker who actsas an intermediary in a transaction:

(1) shall treat all parties honestly;(2) may not disclose that the owner will accept aprice less than the asking price unless authorized inwriting to do so by the owner;(3) may not disclose that the buyer will pay a pricegreater than the price submitted in a written offerunless authorized in writing to do so by the buyer; and(4) may not disclose any confidential information orany information that a party specifically instructs thebroker in writing not to disclose unless authorized inwriting to disclose the information or required to do soby The Texas Real Estate License Act or a courtorder or if the information materially relates to thecondition of the property.

With the parties' consent, a broker acting as anintermediary between the parties may appoint a person whois licensed under The Texas Real Estate License Actand associated with the broker to communicate with andcarry out instructions of one party and another person whois licensed under that Act and associated with the brokerto communicate with and carry out instructions of theother party.

If you choose to have a broker represent you,you should enter into a written agreement with the brokerthat clearly establishes the broker's obligations and yourobligations. The agreement should state how and bywhom the broker will be paid. You have the right tochoose the type of representation, if any, you wish toreceive. Your payment of a fee to a broker does notnecessarily establish that the broker represents you. If youhave any questions regarding the duties andresponsibilities of the broker, you should resolve thosequestions before proceeding.

01APage 1 of 1

Phone: Fax:Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381281-467-5013 281-367-7027 Barbara Robin Buyer Informat

Page 28: Paperwork For Buyers

TEXAS ASSOCIATION OF REALTORS®

INSPECTOR INFORMATIONUSE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED.

TO:

Page 1 of 1

©Texas Association of REALTORS®, Inc. 2007

The attached list includes inspectors licensed by the Texas Real Estate Commission and may also includeother persons authorized by law to perform certain inspections (for example, termite inspectors, engineers,electricians, or plumbers). The list is not a complete list of all inspectors that may perform inspections. Youmay also obtain a list from other sources (for example, the local telephone directory or the Internet).

(TAR-2506) 8-16-07

(Client)

FROM: (Broker's Firm)

RE: (Property)

DATE:

Date

Receipt of this notice is acknowledged and:

Phone: Fax:Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

This firm strongly recommends that you hire inspectors to help you evaluate the condition of the Property.

Inspections are of conditions which are present and visible at the time of the inspections. Propertyconditions change with time and use. Inspectors are not likely to point out small problems or defects thatare not reasonably observable at the time of inspection. Inspectors will not move furniture, appliances,permanent coverings, or other obstructions. Neither inspectors nor real estate licensees can guaranteefuture performance of any item.

This firm does not recommend any particular inspector and does not warrant the quality of any inspector'sinspection.

It is recommended that you accompany the inspectors during the inspections. You should address anyquestions about an inspection directly to your inspector.

Real estate licensees are not inspectors by virtue of their real estate licenses.

It may be necessary to make certain arrangements for the inspectors, such as providing access andturning on utilities.

Client

I choose to hire an inspector.I choose not to hire an inspector.

Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381281-467-5013 281-367-7027 Barbara Robin Buyer Informat

Page 29: Paperwork For Buyers

(TAR-2507) 6-2002 Page 1 of 2

PROTECTING YOUR HOME FROM MOLD

Mold growth problems can adversely affect many homeowners in Texas. Homeowners who act quickly and appropriately canprevent or correct conditions that may cause mold growth. The Texas Department of Health (TDH) and Texas Department ofInsurance (TDI) prepared this publication to help you understand the concerns related to mold growth and to provide someeffective steps you can take to help prevent mold growth. The following information will help protect your investment in yourhome and may prevent the possibility of health risks due to mold exposure.If you are a renter, you should contact your landlord or property manager immediately when you have a maintenance needrelated to water damage.

WHAT ARE MOLDS?Molds are microscopic organisms commonly found both indoorsand outdoors. Molds, along with mushrooms and yeast, areknown scientifically as fungi. Their purpose in nature is to breakdown dead material and recycle nutrients in the environment.For molds to grow and reproduce, they need a food source - anyorganic material, such as leaves, wood, paper, or dirt - andmoisture. Since molds grow by “eating” the organic material,they gradually destroy whatever they are feeding on. Moldgrowth on surfaces can often be seen as a colored spot,frequently green, gray, brown, black or white. It commonlyappears as a powdery, fuzzy, or hair-like material. Activelygrowing molds typically produce odors, sometimes described asearthy or moldy, or like mildew, old dirty socks, or ammonia.Molds release thousands of microscopic spores, which arelightweight, easily airborne and carried by air currents tosurrounding areas. The spores must have both food andmoisture to actually start growing, similar to plant seeds.

Damage to the HomeIt is common to find mold spores in the air inside homes, and onmost surfaces including clothes, walls, and furniture. Most of thetime mold spores found indoors come from outdoor sources.Routine cleaning of your home and furnishings helps keep theselevels low. Cleaning small areas of visible mold, such as moldthat may occur around your shower, is necessary to preventunsanitary conditions.

The level of concern greatly increases when there are largeamounts of active mold growth in your home. Large-scale moldproblems are most likely to occur when there has been anon-going water leak, a flood, or very high levels of humidity inthe home. Indoor mold growth may cause very high levels ofairborne mold spores, which, in turn, may cause the spread ofmold growth from the original source to other areas of the homewhere high moisture levels exist. Extensive mold growth candamage your home and belongings, such as carpets, sofas andcabinets. In time, unchecked mold growth can cause damage tothe structural elements in your home. While there is no practicalway to eliminate all mold and mold spores in the indoorenvironment, keeping your home clean and dry can preventextensive mold growth and its related damage.

Health EffectsThe vast majority of people are exposed to small amounts ofmold or their spores on a daily basis without evident harm.However, mold growing inside a home is an unsanitary conditionthat may present potential health risks to occupants. Therefore,it is always best to identify and correct high moisture conditionsquickly before mold grows and possible health problemsdevelop.

Potential health effects produced by molds may include allergic,irritating, or toxigenic effects, and rarely, infection. Allergicreactions are generally the most common health effect. Typicalsymptoms (alone or in combination) reported by people living inmoldy homes include:

respiratory problems, such as wheezing, difficulty breathing,and shortness of breathsneezing and/or nasal congestioneye irritation (itching, burning, watery, or reddened eyes)coughing or throat irritationskin rashes or irritationheadachesfatigue

The potential health effects depend on the amounts and types ofmold present, the length and frequency of exposure, and thesensitivity and health condition of exposed individuals. Whilemany people seldom experience ill effects from mold exposures,some may develop very serious illnesses. Some personsexposed to mold or mold spores may become sensitized anddevelop allergies to the mold or other health problems. Even“dead” mold (including spores and pieces of mold) may stillcause allergy, irritation, or toxigenic reactions. Thus, killing moldwithout removing the residue may still be a health concern.Complete removal and thorough cleanup of mold is the safestsolution.

Individuals at greater risk who may experience more severesymptoms or become ill more rapidly than others include:

individuals with existing respiratory conditions, such asallergies, asthma, or chemical sensitivitiesindividuals with weakened immune systems due toconditions such as HIV infection or cancer treatmentinfants and young childrenthe elderly

Anyone with a health problem they believe may be due to moldexposure should consult a medical professional.

Whether or not the water damage may be covered by yourinsurance policy, it is important to act quickly to prevent furtherdamage to your home.· Immediately stop the source of leak or flooding.

Remove excess water with mops or a wet vacuum. If thedamage is significant, consider contacting a water extractioncompany for immediate action.Whenever possible, move wet items to a secure, dry andwell-ventilated area or outside to expedite drying.Protect repairable and undamaged items from furtherdamage.Move rugs and pull up areas of wet carpet as soon aspossible.Increase circulation in and around wet areas by openingcloset and cabinet doors, moving furniture away from wallsand running fans.If necessary, remove wallboard and flooring materials to dryout those areas.Don't throw away removed or damaged materials untilinstructed by your insurance company.Dry any damp or wet building materials and furnishingswithin 24-48 hours.Keep all receipts, photos and other relevant documents.Contact your insurance company, if applicable.

NOTE: The sooner the affected areas dry out and the source ofthe leak is repaired, the better your chances of minimizingdamage to your property. If the water cannot be removed andthe area dried promptly and efficiently, consider contacting awater extraction company for immediate action.

RESOURCES

For additional information, consult the mold and/or indoor airquality resources at the following:

Texas Department of Health U.S. Environmental www.tdh.state.tx.us/beh/iaq/ Protection Agency1-800-572-5548 www.epa.gov/iaq/

1-800-438-4318Texas Department of Insurance www.tdi.state.tx.us/commish/mold.html1-800-252-3439

JUNE 2002

WHAT DO I DO IF A LEAK OCCURS?

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Phone: Fax:Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381 281-467-5013 281-367-7027 Buyer InformatBarbara Robin

Page 30: Paperwork For Buyers

(TAR-2507) 6-2002 Page 2 of 2

Since you cannot remove all food sources for molds, it is important as a homeowner to take sensible precautions to preventmoisture from creating a breeding ground for mold.

Unexplained discoloration on any surfaceMusty odorDark spots on or around ventsWater stains anywherePeeling or curling of vinyl floors or wallpaper

Purchase paint with EPA approved mold inhibitorsClean bathrooms often with mold killing products and keepsurfaces dryDo not carpet bathrooms, basements, kitchens or otherareas prone to collect moistureRepair damages that could lead to water intrusion promptlyand properlyEnsure that the home has adequate ventilation, includingexhaust fans in the kitchen and bathrooms

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venting bathrooms, dryers and other moisture-

avoiding blockage of air conditioning ventsusing air conditioners and de-humidifiersincreasing ventilation by installing additionalcrawlspace and attic vents, opening windows orinstalling an air-to-air heat exchangerusing exhaust fans when cooking, dishwashing andcleaningavoiding the use of unvented heaters or high heat inconfined areassetting the air conditioning thermostat to "auto" toprevent circulation of humid air.

Add insulation to reduce the potential for condensation oncold surfaces (windows, piping, exterior walls, roof or floors).Consider using moisture sensors that sound an audiblealarm when a leak occurs.

Inspect your home regularly for the indications and sources ofindoor moisture. Establish a maintenance schedule to check thefollowing sources of water leaks on a regular basis. Contact amaintenance or service company with any questions orconcerns.

Hot Water Heaters - Over time, these appliances may rustor develop cracks, and the resulting leaks can be verycostly. Check your water heater for rust and deteriorationevery year. Check the drain pan for water and ensure thatthe drain line for the overflow pan is not clogged. Drain andclean the water heater as recommended by themanufacturer.

A/C Drain Lines - Damage can occur when the line thatdrains condensation from the evaporator coils becomesclogged and water overflows from the drip pan. To preventthis, periodically check the drip pan for water and consideran annual inspection or service call to reduce the buildup ofalgae and mold in the drain line. Appliance Hoses - Broken hoses are among the mostcommon causes of water damage. Regularly inspect hosesand hose fittings on washing machines, icemakers anddishwashers for kinks, cracks, bulges or evidence ofdeterioration. Replace standard rubber washing machinehoses every two to five years, or more frequently if they areshowing signs of water. Consider using steel-reinforcedhoses for longer life.

Showers, Tubs, Sinks and Toilets - Water that leaks fromaround bathtubs, showers, sinks and toilets can causeextensive damage because the leak is often hidden fromview. To prevent leaks, make sure you have a continuouswatertight seal of caulk around the edges of sinks, toilets,tubs and shower stalls. Cracks or mold on the caulk or onthe grout at tiles on walls or shower floors may indicate thatyou do not have a watertight seal. Remove all caulk or grout,clean and dry the surface thoroughly, and apply fresh caulk.Do not apply new caulk or grout on top of the old materials.

Visible Piping - Routinely check piping under cabinets andsinks for leaks, rust and evidence of deterioration.Waste/Garbage Disposal System - Routinely check forcracking or other sources of leaks in the waste disposalsystem.Caulking around Windows, Doors, Penetrations andCracks - Windows and doors should have a continuousbead of caulk sealing them to the exterior surface of thehome. Penetrations of the exterior walls by pipes, electricalconduit, phone or cable lines, and exhaust ducts should alsobe caulked. Cracks or mold on the caulk may indicate thatyou do not have a watertight seal. Remove all caulk, cleanand dry the surface thoroughly, and apply fresh caulk. Donot apply new caulk on top of the old caulk.

Attic and Ceilings - Routinely check for wet insulation andwater stains.Wallpaper - Routinely check for bubbling and/or peeling, aswell as pink or black stains.Roofs - Keep roofs free of debris that can damage roofingmaterial and allow water to seep in. Trim tree branches toprevent them from rubbing and damaging the roof. Promptlyrepair missing or damaged shingles. Properly seal anycracks around chimneys, skylights and vents. Check metalflashing for holes, cracks or other damage. Replace flashingor use silicon caulk to seal any openings.

Landscape - Yards should slope away from the house toprevent puddling near the foundation or under pier andbeam houses.

Sprinklers and Irrigation System - Do not allow sprinklersor sprinkler heads to soak the exterior of the home.

Check for evidence of water stains or odors, particularlyafter rains, on areas that could get wet.

Water Valve - Make sure everyone in the household knowswhere the main valve is located and how to turn the wateroff.

Rain Gutters and Downspouts - Direct rainwater awayfrom your home. Keep gutters clear and make suredownspouts are long enough to effectively carry water awayfrom your foundation. Gutters that are filled with leaves andother debris allow water to back up on the roof, which canresult in water damage to eaves and roofing material.

Insulate Pipes and Outside Faucets - Minimize thepotential for water damage from frozen, broken pipes byinsulating supply lines (in attic, crawlspaces and exteriorwalls), protecting exposed outdoor faucets, sealing gaps inexterior walls and maintaining adequate heat in your home.

Sump Pump - The sump pump is the first line of defense inpreventing water seepage into basements. Periodicallycheck the sump and remove any debris that could clog thepump. Consider installing a battery-powered backup toprotect your basement during power outages.Don't block weep holes - Weep holes are openings at thefoundation level of a brick wall that allow moisture to escapefrom behind the wall. Do not close or block these openings.

Monitor Utility Bills - An abnormally high water bill couldsignal a water leak.

Before You Travel - Turn the water off at the main valve orat major appliances. While you are away, consider leaving ahouse key and contact information with a neighbor or trustedfriend and ask the person to check the inside and outside ofyour home periodically while you are away.

MOISTURE CONTROL

· Maintain levels of humidity below 60% (preferably between30% and 50%) by

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Published byThe Texas Department of HealthThe Texas Department of Insurance

cb075.0602

Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com Buyer Informat

Page 31: Paperwork For Buyers

INFORMATION ABOUT PROPERTY INSURANCE FOR A BUYER OR SELLERUSE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORS® IS NOT AUTHORIZED.

©Texas Association of REALTORS®, Inc. 2004

(TAR-2508) 4-26-04 Page 1 of 2

A. The availability and the affordability of property insurance may affect both the buyer and the seller.

Typically a buyer will seek to insure the property. Most mortgage lenders require that the property beinsured in an amount not less than the loan amount. The failure to obtain property insurance at or beforeclosing may delay the transaction or cause it to end, either of which can impose both inconvenience andcost to both the buyer and the seller.

B. There are a number of factors that affect the availability and affordability of insurance.

The level of coverage will significantly affect the cost of insurance. There are several levels of insurancecoverage. For example:

(1)

(a) a policy may cover the replacement cost of the improvements and the replacement cost of manypersonal items in the property in the event of most casualties;

(b) a policy may cover only value of the improvements and exclude many casualties; or(c) a policy may cover casualties and costs between the two noted extremes under (a) and (b).

(2) Coverage levels and prices vary from company to company. There are many insurance companiesconducting business in Texas who offer a variety of insurance products at various prices.(a) One insurance company may refuse to insure a particular property or person while another insurance

company may elect to do so.(b) One insurance company may charge a significantly lower premium than another insurance company

for the same or similar coverage.(c) Generally, each insurance company has specific guidelines by which it prices its insurance policies.

The following are examples of criteria that an insurance company may use in evaluating anapplication for insurance. The criteria vary from company to company.(1) Past claims filed against the property to be insured in the 5 years preceding the application.(2) Past claims filed by the applicant to be insured in the 5 years preceding the application.(3) The applicant's insurance credit score.(4) The past relationship between the insurance company and the applicant.(5) The physical characteristics of the property such as condition, age, location, or construction

materials.

C. Most insurance companies participate in the Comprehensive Loss Underwriting Exchange (CLUE)and obtain a CLUE report to evaluate the claims history of the property and the applicant.

(1) Most insurance companies contribute information about claims to an insurance industry database knownas CLUE (a registered trademark of Equifax, Inc.). An insurance company obtains a CLUE report whenevaluating an application for insurance.

(2) A CLUE report contains information about the claims history of the property and of the applicant forinsurance.(a) The CLUE report contains only data and does not inform the buyer or seller whether insurance is or

is not available or at what cost.(b) Insurance companies use the CLUE report in different ways.(c) It is best to speak with an insurance agent with respect to how the information in a particular CLUE

report affects the affordability and availability of insurance.

Phone: Fax:Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

TEXAS ASSOCIATION OF REALTORS®

Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381281-467-5013 281-367-7027 Barbara Robin Buyer Informat

Page 32: Paperwork For Buyers

(TAR-2508) 4-26-04 Page 2 of 2

While CLUE reports are generally accurate, there may be errors in the reports.(3)(a)

The buyer should discuss the various levels of coverage with an insurance agent and ask questionsthat are necessary so the buyer understands the levels of available coverage.

D. Promptly after entering into a contract to buy a property in Texas, the buyer should take thefollowing steps to avoid delays in closing and to avoid additional costs.

Information about Property Insurance for a Buyer or Seller

An event may be listed as a claim even though the insurance company did not pay any proceeds (forexample, the cost of repair did not exceed the deductible or an inquiry may be incorrectly classifiedas a claim).

(b) Federal law permits a person to challenge inaccurate information. One may contact the administratorof the CLUE report (ChoicePoint, Inc.) to correct information in a CLUE report.

(4) A property owner may, for a fee, obtain the CLUE report on his or her property through companies suchas ChoicePoint, Inc. (www.choicepoint.com or www.choicetrust.com), A-Plus (800-709-8842) or othercompanies, most of whose services are accessible via the Internet. An owner may also contact theEquifax Insurance Consumer Center at 800-456-6004.

If the buyer has the option to terminate the contract, the buyer should make sure that the buyer andthe insurance agent have completed the following steps before the option expires.

(1) Contact one or more insurance agents.(a)

(b) Insurance agents can provide applicants with written summaries of the various coverage levels.(c) Basic summaries are available at the websites noted in Paragraph E.

(2) Submit an application for insurance with the insurance agent of the buyer's choice.(a) Applying for insurance promptly after entering into a contract to buy a property helps avoid surprises

or delays in closing the transaction.(b) Prompt application permits the buyer time to evaluate various coverage levels and prices.(c) Delaying the application for insurance may limit opportunities to obtain the most suitable coverage

and may limit opportunities to address any unforeseen problems or delays in obtaining coverage.(d) In recent years, many transactions have been delayed or terminated because of problems

associated with obtaining insurance.

(3) Ask for written confirmation from the insurance agent that the insurance company:(a) has received the application;(b) has reviewed the applicant;s CLUE report; and(c) has conducted all necessary reviews to issue a policy at the particular price quoted (some insurance

companies may ask for specific information or may wish to inspect the property).

(4) Verify that the insurance coverage the buyer chooses is acceptable to the buyer's lender.

E. If one is not able to obtain insurance at a reasonable price or more information is needed, contactthe Texas Department of Insurance (www.helpinsure.com or www.tdi.state.tx.us).

Receipt acknowledged by:

Signature Signature

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Page 33: Paperwork For Buyers

Phone: Fax:Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

Page 1 of 4

List of Forms -Revised 3/3/09

TAR 1101

TAR # TREC #

TAR 1102

DESCRIPTION OF FORM

Residential ListingsResidential Listing - Exclusive Right to SellResidential Listing - Exclusive Right to Lease

New Residential Condominium Contract - Incomplete Construction

Revision Date TYPE

7/16/2008 R2/6/2009 R

New Residential Condominium Contract - Completed Construction

Farm and Ranch ListingsFarm & Ranch Listing - Exclusive Right to SellTAR 1201 10/16/2003 F

TAR 1301TAR 1302TAR 1303

Commercial ListingsCommercial Listing - Exclusive Right to SellCommercial Listing - Exclusive Right to LeaseExclusive Sublease Listing for Commercial Real Estate

Listing AddendaCondominium Addendum to ListingNamed Exclusions Addendum to ListingExclusive Agency Addendum to ListingAmendment to ListingRequest for Information from an Owners' AssociationSeller's Disclosure NoticeInformation About On-Site Sewer FacilityCommercial Property Condition StatementIntermediary Relationship NoticeTermination of Listing AgreementKeybox Authorization by TenantSeller's Authorization to Release and Advertise Certain Info.Request for Mortgage InformationInformation About Special Flood Hazard AreasResidential Listing Checklist

Buyer Representation AgreementsResidential Buyer/Tenant Representation AgreementCommercial Buyer/Tenant Representation AgreementTermination of Buyer/Tenant Representation AgreementNotice from Buyer's Agent to SellerAmendment to Buyer/Tenant Representation AgreementGeneral Information and Notice to a Buyer

Residential Contracts1-4 Family Residential Contract (Resale)New Home Contract (Incomplete Construction)New Home Contract (Completed Construction)Residential Condominium Contract (Resale)Unimproved (Residential) Property Contract

Farm and Ranch ContractsFarm & Ranch Contract

TAR 1401TAR 1402TAR 1403TAR 1404TAR 1405TAR 1406TAR 1407TAR 1408TAR 1409TAR 1410TAR 1411TAR 1412TAR 1413TAR 1414TAR 1415

TAR 1501TAR 1502TAR 1503TAR 1504TAR 1505TAR 1506

TAR 1601TAR 1603TAR 1604TAR 1605TAR 1607TAR 1608TAR 1609

TAR 1701

TREC 20-8TREC 23-8TREC 24-8TREC 30-7TREC 9-7

TREC 25-6

1/23/2006 C

10/12/2004 R, F, C1/7/2004 R, F, C

1/7/2004 R, C

1/23/2006 C1/23/2006 C

1/7/2004 R, F, C1/7/2004 R

7/16/2008 R, F1/7/2004 R, F, C

10/18/2005 C1/7/2004 R, F, C

4/14/2006 R, F, C1/7/2004 R, F, C1/7/2004 R, F, C1/7/2004 R, F, C

7/16/2008 R, F, C7/15/2005 R, F

R, F1/23/2006 C

7/7/2004 R, F, C4/26/2004 R, F, C

7/7/2004 R, F, C7/16/2008 R, F, C

4/14/2006

6/30/2008 R6/30/2008 R6/30/2008 R6/30/2008 R6/30/2008 R4/14/2006 R4/14/2006 R

6/30/2008 F

Prudential Gary Greene 9000 Forest Crossing The Woodlands, TX 77381281-467-5013 281-367-7027 Barbara Robin Buyer Informat

Page 34: Paperwork For Buyers

Produced with ZipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 www.zipLogix.com

Page 2 of 4

List of Forms -Revised 3/3/09

TAR 1801

TAR # TREC #

TAR 1802

DESCRIPTION OF FORMCommercial Contracts

Revision Date TYPE

10/18/2005 C10/18/2005 C

Contract AddendaTAR 1901 12/10/2007 R, FTAR 1902TAR 1903TAR 1904

TAR 1906TAR 1907TAR 1908TAR 1909TAR 1910TAR 1911

TAR 1912

TAR 1913TAR 1914TAR 1915TAR 1916

TAR 1917

TAR 1919

TAR 1922TAR 1923TAR 1924TAR 1925TAR 1926

TAR 1928

TAR 1931TAR 1932TAR 1933TAR 1934TAR 1935TAR 1936TAR 1937

06/30/2008 R, F

2/9/2004 R, F, C7/15/2005 R, F

3/1/2009 R, C

2/13/2006 R, F2/6/2002 R, F, C

4/23/2007 R, F4/23/2007 R, F12/4/2006 R, F12/4/2006 R, F

4/26/2004 R, F

4/26/2004 R, F

12/10/2007 R, F, C4/23/2007 R, F, C

4/23/2007 R, F

4/23/2007 R, F

12/4/2006 R, F

4/23/2007 R, F

R6/30/2008 R1/27/1998 R, F, C4/26/2004 R, F, C8/27/2004 R, F, C

6/30/2008 R, C

6/30/2008

10/18/2005 C10/18/2005 C

1/2/2003 R1/2/2003 R1/2/2003 R, F, C1/2/2003 R, F, C2/6/2002 C

TAR 1905

TREC 40-3

TREC 39-6TREC 38-2

TREC 44-0

TREC 11-6TREC 15-4TREC 16-4

TREC OP-L

TREC 10-5

TREC 26-5TREC 33-1

TREC 28-1

TREC 41-1

TAR 1920 TREC 12-2TAR 1921 TREC 32-2

TREC 36-5TREC 37-3

TAR 1929TAR 1930

TAR 1938

6/6/2006 R1/27/1998 R, F, C

10/18/2005 C

10/18/2005 C

Commercial Contract - Improved PropertyCommercial Contract - Unimproved Property

Third Party Financing Condition AddendumNotice of Termination of ContractAmendmentRelease of Earnest MoneyAddendum for Reservation of Oil, Gas, and Other MineralsAddendum For Seller's Disclosure of Information On Lead-BasedPaint and Lead-Based Paint HazardsResidential Real Property Affidavit T-47Addendum for Sale of Other Property by BuyerAddendum for "Back-up" ContractSeller's Temporary Residential LeaseBuyer's Temporary Residential LeaseNotices Regarding Contingency Under Addendum For Sale of OtherProperty By BuyerSeller's Notice to Buyer of Removal of Contingency Under Addendumfor Back-up ContractSeller Financing AddendumAddendum for Coastal Area PropertyProperty Located Seaward of the Gulf Intracoastal WaterwayEnvironmental Assessment, Threatened or Endangered Species, andWetlands Addendum

Loan Assumption AddendumRelease of Liability on Assumed Loan and/or Restoration of Seller's VA EntitlementCondominium Resale CertificateAddendum for Property Subject to Mandatory Membership in anOwner's AssociationSubdivision Information, Including Resale CertificateNon-Realty Items Addendum to ContractBuyer's Walk-Through and Acceptance FormSeller's Invitation to Buyer to Submit New Offer

For Your Protection: Get a Home InspectionAuthorization to Obtain Consumer ReportCondominium Addendum to Commercial ContractCommercial Contract Financing AddendumCommercial Contract AmendmentCondominium Conversion AddendumCondominium Information StatementSeller's Estimated Net ProceedsBuyer's Estimated CostsCommercial Contract ExhibitCommercial Tenant Estoppel Certificate

TAR 1918 Short Sale Addendum 3/1/2009 R

TAR 1927Addendum to New Home Contract Containing Required Notices Under Sections 27.007, 420.001 and 420.002, Property Code 12/10/2007 R

TREC 34-3

TREC 43-0

TREC 45-0

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Page 3 of 4

List of Forms -Revised 3/3/09

TAR 2001

TAR # TREC #

TAR 2002

DESCRIPTION OF FORM

Residential Lease Forms

Revision Date TYPE

10/16/2007 R10/14/2003

Commercial Lease Forms

TAR 2005 10/16/2007TAR 2006TAR 2007TAR 2008

TAR 2010

TAR 2101TAR 2102TAR 2103TAR 2104TAR 2105TAR 2106TAR 2107TAR 2108TAR 2109

TAR 2111

TAR 2112

TAR 2117TAR 2118

TAR 2201TAR 2202

TAR 2205

TAR 2206TAR 2207TAR 2208TAR 2209

10/5/2005

10/14/200310/16/2007

10/5/200510/14/2003

5/26/2006 C5/26/2006 C

5/26/2006 C

C5/26/2006 C

5/26/2006 C

10/5/2005 R

5/26/2006 C

5/26/2006

10/16/2007 R, C

8/26/2004 R8/26/2004 R

10/14/2003 R4/13/2007 R, F, C

TAR 2009

TAR 2113TAR 2114TAR 2115

TAR 22045/5/2005 C

8/26/2004 R, C

TAR 2003TAR 2004

10/16/200710/14/2003

TAR 2110

TAR 2116

Property Management Agreements

5/26/2006 C5/26/2006 C5/26/2006 C5/26/2006 C5/26/2006 C5/26/2006 C5/26/2006 C5/26/2006 C5/26/2006 C5/26/2006 C

5/26/2006 C

RRRRRRRRR

Residential LeaseAgreement Between Brokers for Residential LeasesResidential Lease ApplicationPet AgreementExtension of Residential LeaseResidential Lease Inventory and Condition FormResidential Lease GuarantyAddendum Regarding Lead-Based PaintAgreement for Application Deposit and Hold on PropertyPool/Spa Maintenance Addendum

Commercial LeaseCommercial Lease Addendum for Broker's FeeCommercial Lease Expense Reimbursement AddendumCommercial Lease Addendum for Extension OptionCommercial Lease Right of First Refusal AddendumCommercial Lease Addendum for Percentage RentCommercial Lease Parking AddendumCommercial Landlord's Rules and RegulationsCommercial Lease GuarantyCommercial Lease Addendum for Optional SpaceCommercial Leasehold Construction Addendum (Landlord to Complete Construction)Commercial Leasehold Construction Addendum (Tenant to Complete Construction)Commercial Lease Acceptance FormCommercial Lease AmendmentCommercial Lease ExhibitCommercial SubleaseCommercial Landlord's Consent to SubleaseCommercial Sublease Addendum for Broker's Fee

Residential Leasing and Property Management AgreementCommercial Property Management AgreementMultiple Property AddendumAddendum for Authorization to Act for Owner Before Owners' AssociationOwner's Notice Concerning Condition of Property under Property Management AgreementProperty Manager's Inventory and Condition ReportNotice Terminating Right of OccupancyLate Notice or Notice of Other Breach of Lease

TAR 1939 Commercial Contract Termination Notice 10/18/2005 CTAR 1941 Relocation Addendum 8/6/2004 R, F

RTAR 2011 Residential Lease for a Multi-Family Property Unit 6/18/2008

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List of Forms -Revised 3/3/09

TAR 2215

TAR # TREC #

TAR 2216

DESCRIPTION OF FORMRevision

Date TYPE

R, F, C

Affiliation AgreementsTAR 2301

TAR 2401TAR 2402

TAR 2501TAR 2502TAR 2503

TAR 2506

TAR 2508

R = Residential

TAR 2507

F = Farm and RanchC = Commercial

8/16/20078/16/2007

6/1/2003

4/26/2004

12/1/1999

6/1/2002

6/1/1997

TAR 2302

TAR 2511

TAR 2512

TAR 2217

TAR 2214 4/13/2007

TAR 2504TAR 2505

1/2/2003 R, F, C1/2/2003 R, F, C

1/1/1996 R, F, C7/16/2008 R, F, C

Aug-91 R, F, C

10/27/2008 R, F

8/16/2007

R, CR, C

R

R, F, CR, F, C

Registration and Commission Agreements

Notices

TREC OP-K

TREC 1-1

TREC OP-IOP-C

4/13/20074/13/20074/13/2007

R, F, CR, F, CR, F, CR, F, C

R, F, C

R, F, C

Request for Rental HistoryReport of Incident Occurring on PropertyItemization of Security DepositNotice of Landlord's Intent Not to Renew

Independent Contractor Agreement for Sales AssociateStatement of Understanding

Registration Agreement Between Broker and OwnerRegistration Agreement Between Brokers

Information About Brokerage ServicesNotice of Information from Other SourcesConsumer Information Form

Texas Real Estate Consumer Notice Concerning Hazards or DeficienciesNotice to Prospective BuyerInspector InformationProtecting Your Home from MoldInformation About Property Insurance for a Buyer or Seller

Protecting Your Family From Lead in Your HomeBuying Your Home: Settlement Costs and Helpful Information (HUDForm)

TAR 2509 Information About Mineral Clauses in Contract Forms 1/14/2009 R

TAR 2210 2/11/2006 R, F, CTAR 2211 Lease Amendment Concerning Tenant Change 4/13/2007 RTAR 2212 Denial of Lease Application 4/13/2007 R, F, CTAR 2213 Agreement to Pay Past Due Amounts Under Lease 4/13/2007 R

Notice to Tenant of Change in Management and Accountability for Security Deposit

TAR 2218 Notice of Tenant's Intent to Vacate 2/6/2009 RTAR 2219 Request for Employment Verification 2/6/2009 R

TAR 2510 Renovate Right 12/1/2008 R, F, C

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