The Buyer will deposit $_ as earnest money at _ with _ acting as escrow agent (the "Escrow Agent"), on or before January 10, 2022.Either party may cancel this Agreement if the Buyer cannot obtain adequate financing within the Financing Period despite due diligence and good faith on the part of the Buyer or if the Buyer cannot satisfy the terms of the financing commitment by the Closing Date. This Agreement is subject to the Buyer being approved for all financing as described in the attached Third Party Financing Addendum within thirty days from the Effective Date of this Agreement (the "Financing Period").The terms of the Third Party Financing Addendum are incorporated into this Agreement by reference.
The portion of the Purchase Price not payable in cash by the Buyer amounts to $_ and it will be paid by one or more third party mortgage or deed of trust loans.the total Purchase Price payable is: $_.excluding any loan funding fee or mortgage insurance premium, the sum of all financing is: $_ and.earnest money payable after the Effective Date of this Agreement is: $_.The purchase price for the Property (the "Purchase Price") will be paid as follows:.The Seller agrees to sell and convey to the Buyer and the Buyer agrees to purchase from the Seller the Property.The property is situated at _ and the legal description of the property is as follows: _, which includes fixtures and improvements located on the property and all rights, privileges and appurtenances associated with it, including but not limited to permits, easements, and cooperative and association memberships (the "Property").IN CONSIDERATION OF and as a condition of the Seller selling the Property and the Buyer purchasing the Property and other valuable consideration, the receipt and sufficiency of which consideration is acknowledged here, the parties to this Agreement (individually the "Party" and collectively the "Parties") agree as follows: THIS SALES AGREEMENT (the "Agreement") dated this _ day of _, _ (the "Execution Date") BETWEEN :īACKGROUND The Seller wishes to sell a certain completed home and the Buyer wishes to purchase this completed home. Initial of Seller _ _ and Buyer _ _ Page of