REAL ESTATE CONTRACT OF SALE

PROPERTY ADDRESS

THIS AGREEMENT OF SALE made this (September 00st, 2022) by and between:

SELLER’S NAME (Seller) and BUYER’S COMPANY/ and or assigns (Buyer).

WITNESS that the said Seller does hereby bargain and sell unto the said Buyer, and
the latter does hereby purchase from the former, the following described property
known as:

Address: PROPERTY ADDRESS

Sale is subject to its existing ground rent, together with the appurtenances and fixtures
thereto belonging, at and for the price of: $000,000. $000.00 will be held as an earnest
money deposit payable to the settlement company.

Closing will take place on or before October 00th, 2022 Buyer may extend closing date
if and only if the Attorney’s office is waiting on any encumbrances or liens to be cleared
and title work is complete.

Buyer is to pay closing costs including all recordation taxes.

Title shall be processed with: Buyer’s title company of choice

The property is sold in its “as is” condition and is subject to a ten (10) day inspection
period to be executed by the Buyer from the time of contract ratification. Seller agrees to
provide access to the Buyer’s representatives prior to transfer of the title for inspection,
repairs, and Buyer has the right to market the property in any capacity, including the
multiple listing service during the contractual period. Seller also understands and agrees
it will be unencumbered access for the Buyer, Buyers Representatives, associates, and
contractors during the contractual period.

WARRANTY DEED. Upon payment as above provided of the unpaid purchase money,
a deed for the property containing covenants of special warranty and further assurance
shall be executed at the Buyer’s expense by the Seller, which shall convey the property
to the Buyer. If Seller is unable to convey title free and clear of liens and encumbrances
the deposit will be returned to the Buyer.

TITLE. Title to the property shall be good and merchantable, free of liens and
encumbrances except as specified herein, and except: Use and occupancy restrictions
of public record which are generally applicable to properties in the immediate
neighborhood or subdivision in which the property is located and publicly recorded
easements for public utilities and any other easements which may be observed by an
inspection of the property.
ADJUSTMENTS. Ground rent and water shall be adjusted and apportioned as of the
date of settlement, and all taxes, general and special, and all other public or
governmental charges or assessments against the premises which are or may be
payable on an annual bases (including Metropolitan District, Sanitary Commission or
other benefit charges, assessments, liens or encumbrances for sewer, water, drainage
or other public improvements completed or commenced on or prior to the date hereof,
or subsequent thereto), are to be adjusted, and apportioned as of the date of settlement
and are to be assumed and paid thereafter by Buyer whether assessments have been
levied or not as of the date of settlement.

POSSESSION. Possession of the premises shall be given to the Buyer at closing.

RISK OF LOSS. The herein property is to be held at the risk of Seller until legal title has
passed or possession has been given to the Buyer. If, prior to the time title has passed
or possession has been given to Buyer, all or a substantial part of the property is
destroyed or damaged, without the fault of the Buyer, then this contract, as the option of
the Buyer shall be null and void and of no further effect, and all monies paid hereunder
shall be returned promptly by Seller to the Buyer.

INSURANCE. In the event that it shall be determined by the Buyer that the property is
inadequately insured by the Seller, the Buyer shall have the right, at Buyer’s option and
expense to obtain such insurance, additional insurance, as shall be satisfactory to the
Buyer.

STAMPS, RECORDATION, ETC. The cost of all documentary stamps, required by law,
recordation and attorney’s fees will be paid by the Buyer. All existing taxes, liens,
judgments, etc. will be paid by the Seller. Transfer taxes to be paid by Buyer at closing.

DEFAULT. If Seller defaults under the terms of this Contract, Seller will be liable for the
amount owed to the title company for the title work and Buyer has the right to extend the
contract 1 day for every day of default until the property closes. If default by Seller
continues fourteen (14) days past the above-mentioned closing date, this purchase and
sale agreement will become null and void.

If Buyer defaults under the terms of this contract, Buyer will be liable for the amount
owed to the title company for the title work and Seller shall have the right to market the
property. Earnest money will be paid out to Seller in the case of default by the Buyer.
The parties hereto bind themselves, their heirs, personal representatives, successors
and assigns for the faithful performance of this contract.

WITNESS. The hands and seals of the parties hereto the day and year first above
written.
Seller Signature: ___________________________ Date: __________________

(Seller Name) __________________

Buyer Signature: ________________________ Date: ____________________

(Buyer Name) __________________