HomeMy WebLinkAbout1336 COTTMAN
i' ,
AFrER RECORDING MAIL TO:
Name Charles T. Duarte
Address1322 Sherman Avenue
City, State, Zip Port Orchard , WA 98366
Statutory Warranty Deed
LAND TITLE COMPANY OF KTTSAP COUNTY
E-136334 Escrow No.S-13650-CA
THE GRANTOR CITY OF BREMERTON, a municipal corporation
for and in consideration of TEN DOLLARS AND OTHER VALUABLE CONSIDERATION
in hand paid, conveys and warrants to CHARLES T. DUARTE, a single person
the following described real estate, situated in the County of Kitsap , State of. Washington:
LOT 13; EXCEPT THE WESTERLY 10 FEET THEREOF, BLOCK 2, OLE HANSON'S NAVY YARD
ADDITION, ACCORDING TO THE PLAT THEREOF, RECORDED IN VOLUME 4 OF PLATS, PAGE
56, RECORDS OF KITSAP COUNTY, WASHINGTON.
Parcel No. 4546-002-013-0004
Subject to: attached Exhibit "A"
READ, ACCEPTED AND APPROVED:
CHARLES T. DUARTE
Dated: June 19, 2000
..................................................................... .....................................................................
CITY OF BREMERTON, READ, ACCEPTED AND APPROVED:
A MUNICIPAL CORPORATION
By.:.... Lyrin" Har'ton:" Mayo.i-............................. . By;'" 'Gi'enna' Mala.'n'ca '," 'c'{ty' At to.rney.......
STATE OF
COUNTY OF
On this day of , , before me
personally appeared Lynn Horton, to me known to be the Mayor that executed the
within and foregoing instrument, and acknowledged the said instrument to be the
free and voluntary act and deed of said corporation for the uses and purposes
therein mentioned, and on oath stated that authorized to execute
said instrument.
Notary Public in and for the State of
Residing at:
My appointment expires:
LPB-lO
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.
EXHIBIT A
FILE NO. E-136334
ESCROW NO:S-13650-CA
l. Easement as dedicated on the face of the plat of said addition;
For: slopes, also the right to drain all streets
over and across any lot or lots where water
might take a natural course after the street
or streets are graded.
Affects: said premises and other property
2. Easement, including its terms, covenants and provisions as disclosed
by instrument;
Recorded: February 25, 1986
Recording No: 8602250075
For: ingress and egress
Affects: South 12 feet of said premises
3. Easement, including its terms, ~ovenants and provisions as disclosed
by instrument;
Recorded: December 8, 1992
Recording No: 9212080230
For: ingress and egress
Affects: South 12 feet of said premises
4. Liability for maintenance of roadway as disclosed by instrument
recorded under Auditor's File No. 9212080230.
5. DOCUMENT: Notice of Condition of Properties
RECORDED: November 9, 1999
AUDITOR'S FILE NO: 3219219
BETWEEN: City of Bremerton
The City of Bremerton's operation of the Waste Water Treatment Plant (WWTP)
is located in the vicinity of the Property. Buyer is aware, and
acknowledges, that the past operations of the WWTP resulted in lawsuits filed
by neighbors living on properties on or near the the subject property.
Buyer, it's successors and assigns, hereby waives and releases the City, it's
employees, agents and contractors or others acting in the lawful operation of
the WWTP,Collection System and Utility, from any claims, damages or
liability of any nature arising from said operations, whether said claims are
for actions in the past or occurring in the future.
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'J.ot1J::.:GRANTOR i:;L\~i.r:"L J. ~::cr::~:: (~~~~E~t1f c~~~:..::~~ '.>~ !!!.AT7EQ'); a~ H~R;.
S [po E ~ ATE EST ArE.
lor anG in consideration vi C 1111 " : j l. :l 9 E 3 5 II it ~ n till 9 h t:s (I n I '! ,
convey~ and quit claims to 1411 I ~ il S C H A R l !: S ::. II" 5 r. ll> ODD A II i) , J 0 A flit E l _ H:\ S E l. !:! 0 n D ,
HUSgANO A~O WIri.
the f0110wing de$Cl'ibea =1 estate, situated in the County of I( ITS AP State of \"<<lshing"..on,
",.,,::~: togethcr with ail siter acquired title of the'gr:mtor(s)therein:
~>:!;:.'i't Ale [AS[MEillr rOil IilGaESSAllll EGRESS ACROSS THE SOllTH 12 rEEior .HIE rl)l!.CWI!l~ DE!Cl!IilED l' flOP EHY
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,~ ;&h'; lOY 1'3', Bl(lCK 2, OLE HUSElI'S n';V,~. YAllD ADDITIOIll, AS P Ell P Uti REi:;j~DED 1'< IOlUME ~,' of
? LHS,,? AGr 56." m::Ol!DS Or.iITSAP.::CDUilH '.2liASiiIIIGTilii;, .
EXC,? J,THE tJESTERlY 10 fEET T~(REOr rOR ~OAD.
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TillS SAID EASEMENT IS FOR THE BEmrrnior ,LOT 1~, BlOCK 2, OLE HAllSEW'S iiil'i'i TilKii iiiiHn\in, T:
AS p H:Pl.~! u!:oeO[l) i~ VOUmE ;~ or p;.tAis. p AG~ 56, P.ECOeDS or nTSAPi:OUlf,~!,WASHI!lGT3R, "..,
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. NWMLS Form 24 @ Copyright 1999
':
CBA Form No. PS-1A Commercial Brokers Association
Purchase & Sale Agreement All Rights Reserved
Rev. 12/99 COMMERCIAL AND INVESTMENT REAL EST A TE
. Page 1 of 6 PURCHASE AND SALE AGREEMENT
This has been prepared for submission to your attorney for review and approval prior to signing.
No representation is made by licensee as to its sufficiency or tax consequences,
C 7: {J Date: ~ JJG r;( ,~(!X)O 1
The undersigned Buyer" H 1It.L.. €~ l U I/~ Te , agrees to buy 2
and Seller agrees to sell,.on the following terms, the com~cial real estate and all improvements thereon (collectiv'ely, the "Property") commonly 3
known as I .3 ~ ~ (!..,<:> ""'rA-t ~h/ 'VC. in the City of ELe...q E.A!,O^I , 4
~ I TS 10 County, Washington, legally described on attached Exhipit A. 5
(Buyer and Seller authorize the Listing Agent or Selling Licensee to insert and or correct, over their signatures, the legal description of the Property.) 6
--- ' ,
1. PURCHASE PRICE. The total purchase price is IIt7 I ~~ 'M ,~ 7
Dollars ($ '35, OCJO, ~ ), including the earnest money, payable as follows (check only one): 8
)(. All cash at closing, including the earnest money, with no financing contingency. 9
0 All cash at closing, including the earnest money, contingent on new financing under Section 4a below. 10
0 $ / % of the purchase price in cash at closing, including the earnest money, with the balance of the purchase 11
price paid as follows (check one or both, as applicable): o Buyer's assumption of any underlying note and deed of trust, or real estate 12
contract, under Section 4b below; o Buyer's delivery at closing of a promissory note for the balance of the purchase price, secured by 13
a deed of trust encumbering the Property, as described in Section 4c below. 14
0 Other: 15
16
2- EARNEST MONEY. Buyer agrees to deliver the earnest money ~€ 17
o Cash 0 Personal check 0 Promissory note x.. Other: Ill- ' 18
If the earnest money is in the form of a promissory it shall be due no later than: 19
X -!:' days after mutual acceptance. 20
0 Upon removal of the inspection contingencies in Section 5 below. 21
0 Other: 22
The earnest money shall be held \)y b( Selling Licensee o Closing Agent. 23
Buyer shall deliver the earnest money no later than: 24
0 days after mutual acceptance. 25
0 Upon removal of the inspection contingencies in Section 5 below. 26
0 Other: 27
Selling Licensee may, however, transfer the earnest money to Closing Agent. 28
If the earnest money is to be held by Selling Licensee and is over $10,000, it shall be deposited to: o Selling Licensee's pooled trust account 29
(with interest paid to the State Treasurer) 0 A separate interest bearing trust account in Selling Lice9see's name. The interest, if any, shall 30
be credited at closing to Buyer whose Social Security or taxpayer 10 Number is: 57 (p -Ljo - :S"S- J . If this sale fails to close, 31
whoever is entitled to the earnest money is entitled to interest. 32
Selling Licensee shall deposit any check to be held by Selling Licensee within 3 days after receipt or mutual acoeptance, whichever occurs 33
later. Buyer agrees to pay financing and purchase costs incurred by Buyer. If all or part of the earnest money is to be returned to Buyer and 34
any such costs remain unpaid, Selling Licensee or Closing Agent may deduct and pay them therefrom. Unless otherwise provided in this 35
Agreement, the earnest money shall be applicable to the purchase price and shall be non-refundable except where a condition to Buyer's 36
obligation under this Agreement is not satisfied through no fault of Buyer. 37
3. EXHIBITS AND ADDENDA. The following Exhibits and Addenda are made a part of this Agreement: 38
Exhibit A - Legal Description 39
0 Earnest Money Promissory Note, CBA Form EM 40
0 Promissory Note, LPB Form No. 28NCBA Form N1-A 41
0 Short Form Deed of Trust, LPB Form No. 20 42
0 Deed of Trust Rider, CBA Form DTR 43
0 Utility Charges Addendum, CBA Form UA 44
0 FIRPTA Certification, CBA Form 22E 45
0 Assignment and Assumption. CBA Form PSoAS 46
1m Addendum/Amendment, CBA Form PSA 47
0 Back-Up Addendum, CBA Form BU-A 48
0 Vacant Land Addendum, CBA Form VLA 49
1tI Other }JiJj.,.1,f.t...S hJICA1":.):it '-11.1 'II II ,;l:1.4 .-": Date c- 15- 00 50
~ T~ <-<""' . 'Z , Lt'i7> Seller ~
INITIALS: Bu'yer Date :..J (J 11~ 51
I ~..;..-- f
Buyer Date Seller Date 52
,
.
Exhibit "A"
4546-002-013-0004
LOT 13; EXCEPT THE WESTERLY 10 FEET
THEREOF, BLOCK 2, OLE HANSON'S NA VY
YARD ADDITION, ACCORDING TO THE PLAT
THEREOF, RECORDED IN VOLUME 4 OF
PLA TS, PAGE 56, RECORDS OF KITSAP
COUNTY, WASHINGTON.
.
NWMlS Form 24 @ Copyright 1999
CBA Form PS-1 A Commercial Brokers Association
Purchase & Sale Agreement All Rights Reserved
Rev. 12/99 COMMERCIAL AND INVESTMENT REAL ESTATE
. Page 2 of 6 PURCHASE AND SALE AGREEMENT
(CONTINUED)
4. FINANCING. 53
a. Application for New Financing. If payment of the purchase price is contingent on Buyer obtaining new financing, then Buyer's 54
obligation to close is conditioned upon Buyer accepting a written commitment for financing. Buyer will not reject those terms of a commitment 55
which provide for a loan amount of at least percent (_%) of the purchase price, interest not to exceed 56
percent ~%) per annum, a payment schedule calling for monthly payments amortized over not less than ~) 57
years, and total placement fees and points not more than percent ~ %) of the loan amount. Buyer shall make immediate 58
application for said commitment, pay required costs and make a good faith effort to procure such financing. This Agreement shall terminate 59
and Buyer shall receive a refund of the earnest money unless Buyer gives Seller written notice that this condition is satisfied or waived on 60
or before L-) days (60 days, if not completed) following mutual acceptance of this Agreement. 61
b. Assumption of Existing Financing. If payment of the purchase price includes Buyer's assumption of a note and mortgage or deed 62
of trust, or a real estate contract, Seller shall promptly deliver to Buyer a c9PY of the underlying debt instrument(s) to be assumed, and Buyer 63
shall be deemed to have approved all of the terms of the debt instrument(s) unless Buyer gives notice of disapproval within five (5) days 64
after receiving such instrument(s). If any of the debt instrument(s) requires the consent of a third party to the assumption by Buyer, then 65
Buyer shall apply for such consent within seven (7) days after receiving the debt instrument(s). Upon Buyer's request, Seller shall assist 66
Buyer by requesting the third party's consent to the assumption on Buyer's behalf. This Agreement shall terminate and Buyer shall receive 67
a refund of the earnest money unless Buyer gives Seller written notice within L-) days (30 days, if not completed) 68
of receiving the debt instrument(s) stating that such consent is available. Buyer shall pay any assumption fees or other out-of-pocket expenses 69
attributable to the assumption of the underlying indebtedness. 70
c. Seller Financing. If Seller is financing a portion of the purchase price by promissory note and deed of trust, unless different forms are 71
attached to this Agreement, Buyer shall execute and submit to the Closing Agent: (i) lPB Form No. 28A Promissory Note and the DUE ON 72
SALE and COMMERCIAL PROPERTY optional clauses in that form shall apply; (ii) UCC-1 Financing Statement covering the personal property 73
described in Section 14 below; (iii) lPB Form No. 20 Short Form Deed of Trust; and (iv) CBA Form No. DTR Deed of Trust Rider. The promissory 74
note shall bear interest at the rate of % per annum, and shall be payable as follows (choose one): o monthly installments of 75
interest only, o monthly installments of $ o equal monthly installments of principal and interest in an amount 76
sufficient to fully amortize the outstanding principal balance at the stated interest rate over years, 77
o other . Payments shall commence on the first day of the first month after closing and continuing 78
on the same day of each succeeding month until (choose one): o months from the date of closing, 0 other 79
, on which date all outstanding principal and interest shall be due, The principal 80
shall, at Seller's option, bear interest at the rate of % per annum (18% or the maximum rate allowed by law, whichever is less, if 81
not filled in) during any period of Buyer's default. If Seller receives any monthly payment more than days (15 days if not filled in) 82
after its due date, then a late payment charge of $ / % of the delinquent amount (5% of the delinquent amount if not filled 83
in) shall be added to the scheduled payment. Buyer shall have days (5 days if not filled in) after written notice to cure a default 84
before Seller may declare all outstanding sums to be immediately due and payable. 85
(Note to Buyer and Seller: If the Property is currently used primarily for agricultural purposes, then a nonjudicial foreclosure/forfeiture remedy 86
is available to Seller only by using a real estate contract and is not available with a deed of trust.) 87
d. Section 1031 Like-KInd Exchange. If either Buyer or Seller intends for this transaction to be a part of a Section 1 031like.kind exchange, 88
then the other party agrees to cooperate in the completion of the like-kind exchange so long as the cooperating party incurs no additional 89
liability in doing so, and so long as any expenses (including attorneys fees and costs) incurred by the cooperating party that are related only 90
to the exchange are paid or reimbursed to the cooperating party at or prior to closing. 91
5. INSPECTION CONTINGENCY. This Agreement shall terminate and Buyer shall receive a refund of the earnest money unless Buyer gives 92
written notice to Seller within - 10 .- days (20 days if not filled in) of mutual acceptance of this Agreement stating that 93
Buyer is satisfied, in Buyer's reasonable discretion, concerning all aspects of the Property, including without limitation, its physical condition; 94
the presence of or absence of any hazardous substances; the contracts and leases affecting the property; the potential financial performance 95
of the Property; the availability of government permits and approvals; and the feasibility of the Property for Buyer's intended purpose, If such 96
notice is timely given, the inspection contingencies stated in this Section 5 shall be deemed to be satisfied. 97
a. Books, Records, Leases, Agreements. Seller shall make available for inspection by Buyer and its agents as soon as possible but 98
no later than ten (10) days after mutual acceptance of this Agreement all documents available to Seller relating to the ownership, operation, 99
renovation or development of the Property, including without limitation: statements for real estate taxes, assessments, and utilities; property 100
management agreements, service contracts, and agreements with professionals or consultants entered into by the Seller or any predecessor 101
in title to the Seller; leases of personal property or fixtures; leases or other agreements relating to occupancy of all or a portion of the Property 1CQ
and a schedule of tenants, rents, and deposits; plans, specifications, permits, applications, drawings, surveys, studies and maintenance 103
records; and accounting records and audit reports, Buyer shall determine within the contingency period stated in the preceding introductory 104
paragraph whether it wishes and is able to assume, as of closing, all of the foregoing leases, contracts, and agreements which have terms 105
extending beyond closing, Buyer shall be solely responsible for obtaining any required consents to such assumption. Seller shall transfer 100
the leases, contracts and agreements as provided in Section 17 of this Agreement. 107
b. Access. 'Seller shall permit Buyer and its agents, at Buyer's sole expense and risk to enter the Property at reasonable times atter legal 108
notice to tenants, to conduct inspections concerning the Property and improvements. including without limitation, the structural condition of 109
improvements, hazardous materials (limited to a Phase I audit only), pest infestation, soils conditions, sensitive areas, wetlands, or other 110
matters affecting the feasibility of the Property for Buyer's intended use. Buyer shall schedule any entry onto the Property with Seller in advance. 111
Buyer shall not perform any invasive testing or contact the tenants without obtaining the Seller's prior written consent, which shall not be 112
unreasonably withheld. Buyer shall restore the Property and improvements to the same condition they were in prior to inspection. Buyer agrees 113
to indemnify and defend Seller from all liens, costs, c:ims:nd expenses, in~~_and experts' fees"ariSi~9~o:...or relating to 114
INITIALS: Buyer CL 'liP Date b 1. '2..ct-o Seller 0 Date t - g 115
Buyer Date Seller Date 116
NWMLS Form 24 @ Copyright 1999
CBA Form PS-1A Commercial Brokers Association
Purchase & Sale Agreement All Rights Reserved
Rev. 12/99 COMMERCIAL AND INVESTMENT REAL ESTATE
. Page 3 of 6 PURCHASE AND SALE AGREEMENT
(CONTINUED)
entry onto or inspection of the Property by Buyer and its agents. This agreement to indemnify and defend Seller shall survive closing. Buyer 117
may continue to enter the Property and interview tenants in accordance with the foregoing terms and conditions after removal or satisfaction 118
of the inspection contingency only for the purpose of re-sale, leasing or to satisfy conditions of financing. 119
6. TITLE INSURANCE. 120
a. Title Report. Seller authorizes lender and Listing Agent, Selling Licensee or Closing Agent, at Seller's expense, to apply for and 121
deliver to Buyer a J( standard 0 extended (standard, if not completed) coverage owner's policy of title insurance. If an extended 122
coverage owner's pOlicy is specified, Buyer shall pay the increased costs associated with that policy including the excess premium over 123
that charged for a standard coverage policy. and the cost of any survey required by the title insurer. The title report shall be issued 124
by t...IJNtJ r{rl.~ 125
b. Permitted Exceptions. Buyer shall notify Seller of any objectionable matters in the title commitment or any supplemental report within 126
ten (10) days after receipt of such commitment or supplement. This Agreement shall terminate and Buyer shall receive a refund of the earnest 127
money, less any costs advanced or committed for Buyer, unless (a) within ten (10) days of Buyer's notice of such objections, Seller agrees 128
to remove all objectionable provisions, or (b) within fifteen (15) days after Buyer's notice of such objections, Buyer notifies Seller in writing 129
that it waives any objections which Seller does not agree to remove. The closing date shall be extended to the extent necessary to permit 130
time for these notices. Those provisions not objected to or for which Buyer waived its objections shall be referred to collectively as the "Permitted 131
Exceptions." The title policy shall contain no exceptions other than the General Exclusions and Exceptions common to such form of policy 132
and the Permitted Exceptions. 133
7. CLOSING OF SALE. This sale shall be closed on or before V/,(#.. 't fl , JlCZl? ("closing") by 134
I.. J1 NIJ nn.€ tJ.. E~(!LlJc:u ("Closing Agent"). Buyer and Seller will, immediately on demand, 135
deposit with Closing Agent all instruments and monies required to complete the purchase in accordance with this Agreement. "Closing" shall 136
be deemed to have occurred when all documents are recorded and the sale proceeds are available to Seller. Time is of the essence in the 137
performance of this Agreement. 138
8. CLOSING COSTS. Seller shall pay the excise tax and premium for the owner's standard coverage title policy. Seller and Buyer shall each 139
pay one-half of the escrow fees. Real and personal property taxes and assessments payable in the year of closing; rents on any existing 140
tenancies; interest; mortgage reserves; utilities; and other operating expenses shall be pro-rated as of closing. Buyer shall pay all costs of 141
financing including the premium for the lender's title policy. Security, cleaning, and any other unearned deposits on tenancies, and remaining 142
mortgage or other reserves shall be assigned to Buyer at closing. The real estate commission is due on closing or upon Seller's default under ,143
this Agreement, whichever occurs first, and neither the amount nor due date thereof can be changed without Listing Agent's written consent. 144
a. Unpaid Utility Charges. Buyer and Seller At WAIVE 0 DO NOT WAIVE the right to have the Closing Agent disburse closing funds 145
necessary to satisfy unpaid utility charges affecting the Property pursuant to RCW 60.80. If "do not waive" is checked, then attach CBA Form 146
UA ("Utility Charges" Addendum). If neither box is checked, then the "do not waive" option applies. 147
9. POST-CLOSING ADJUSTMENTS, COLLECTIONS, AND PAYMENTS. After closing, Buyer and Seller shall reconcile the actual amount 148
of revenues or liabilities upon receipt or payment thereof to the extent those items were prorated or credited at closing based upon estimates. 149
Any bills or invoices received by Buyer after closing which relate to services rendered or goods delivered to the Seller or the Property prior 150
to closing shall be paid by Seller upon presentation of such bill or invoice. At Buyer's option, Buyer may pay such bill or invoice and be reimbursed 151
the amount paid plus interest at the rate of 12% per annum beginning fifteen (15) days from the date of Buyer's written demand to Seller for 152
reimbursement until such reimbursement is made. Rents collected from each tenant after closing shall be applied first to rentals due most 153
recently from such tenant for the period after closing, and the balance shall be applied for the benefit of Seller for delinquent rentals owed 154
for a period prior to closing. The amounts applied for the benefit of Seller shall be turned over by Buyer to Seller promptly after receipt. 155
10. OPERATIONS PRIOR TO CLOSING. Prior to closing, Seller shall continue to operate the Property in the ordinary course of its business 156
and maintain the Property in the same or better condition' than as existing on the date of mutual acceptance of this Agreement, but shall not 157
be required to repair material damage from casualty except as otherwise provide in this Agreement. Seller shall not enter into or modify existing 158
rental agreements or leases (except that Seller may modify or terminate residential rental agreements or leases in the ordinary course of 159
its business), service contracts, or other agreements affecting the Property which have terms extending beyond closing without first obtaining 160
Buyer's consent, which shall not be unreasonably withheld. 161
11. POSSESSION. Buyer shall be entitled to possession, subject to existing tenancies (if any). #Lon closing 0 162
, (on closing, if not completed). 163
12. SELLER'S REPRESENTATIONS AND WARRANTIES. Seller represents and warrants to Buyer that, to the best of Seller's knowledge, each 164
of the following is true as of the date hereof and shall be true as of closing: (a) Seller is authorized to enter into the Agreement, to sell the 165
Property, and to perform its obligations under the Agreement; (b) All books, records, leases, agreements and other items delivered to Buyer 166
pursuant to this Agreement are accurate and complete; (c) The Property and the business conducted thereon comply with all applicable laws, 167
regulations, codes and ordinances; (d) Seller has all certificates of occupancy, permits, and other governmental consents necessary to awn 168
and operate the Property for its current use; (e) There is no pending or threatened litigation which would adversely affect the Property or 169
Buyer's ownership thereof after closing; (f) There are no covenants. conditions. restrictions, or contractual obligations of Seller which will 170
adversely affect Buyer's ownership of the Property after closing or prevent Seller from performing its obligations under the Agreement, except 171
as disclosed in the preliminary commitment for title insurance or as otherwise disclosed to Buyer in writing prior to the end of the inspecting 172
contingency stated in Section 5 above; (g) There is no pending or threatened condemnation or similar proceedings affecting the Property, 173
and except as otherwise disclosed in the preliminary commitment for title insurance as or otherwise disclosed to Buyer in writing prior to closing, 174
the Property is not within the boundaries of any planned or authorized local improvement district; (h) Seller has paid (except to the extent 175
prorated at closing) all local, state and federal taxes (other than real and personal property taxes and assessments described in Section 176
8 above) attributable to the period prior to closing which, if not paid. could constitute a lien on Property (including any personal property), 177
or for which Buyer may be held liable after closing6n~ (i) S~lIer warrants that the~g or threatened nZ~ of vi~a:io:Of building, 178
INITIALS: Buyer r:..-,.- Lf Date ~ ~ Seller ~ ,_) Date " g v 179
Buyer Date Seller' Date 180
NWMlS Form 24 @ Copyright 1999
CBA Form PS-1A Commercial Brokers Association
Purchase & Sale Agreement All Rights Reserved
Rev. 12/99 COMMERCIAL AND INVESTMENT REAL ESTATE
-' Page 4 of 6 PURCHASE AND SALE AGREEMENT
(CONTINUED)
zoning, or land use codes applicable to the Property; and OJ Seller is not aware of any concealed material defects in the Property except: 181
182
Seller makes no representations or warranties regarding the Property other than those specified in this Agreement, Buyer otherwise takes 183
the Property/'AS IS," and Buyer shall otherwise rely on its own pre-closing inspections and investigations. 184
13. HAZARDOUS SUBSTANCES. Except as disclosed to or known by Buyer prior to the satisfaction or waiver of the inspection contingency 185
stated in Section 5 above, Seller represents and warrants to Buyer that, to the best of its knowledge: (i) there are no Hazardous Substances 186
(as defined below) currently located in, on, or under the Property in a manner or quantity that presently violates any Environmental law (as 187
defined below); (ii) there are no underground storage tanks located on the Property; and (iii) there is no pending or threatened investigation 188
or remedial action by any governmental agency regarding the release of Hazardous Substances or the violation of Environmental law at 189
the Property. As used herein, the term "Hazardous Substances" shall mean any substance or material now or hereafter defined or regulated 190
as a hazardous substance, hazardous waste, toxic substance, pollutant, or contaminant under any federal, state, or local law, regulation, 191
or ordinance governing any substance that could cause actual or suspected harm to human health or the environment ("Environmental law"). 192
The term "Hazardous Substances" specifically includes, but is not limited to, petroleum, petroleum by-products, and asbestos. 193
14. PERSONAL PROPERTY. 194
8. This sale includes all right, title and interest of Seller to the following tangible personal property: 0 None 0 That portion of the personal 195
property located on and used in connection with the Property, which Seller will itemize in an Addendum to be attached to this Agreement within 196
ten (10) days of mutual acceptance (None, if not completed). The value assigned to the personal property shall be the amount agreed upon 197
by the parties and, if they cannot agree, the County-assessed value if available, and if not available, the fair market value determined by an 198
appraiser selected by the Listing Agent and Selling Licensee. Seller warrants title to, but not the condition of, the personal property and shall 199
convey it by bill of sale. Buyer shall pay any sales or use' tax arising from the transfer of the personal property. 200
b. In addition to the leases, contracts and agreements assumed by Buyer pursuant to Section 5a above, this sale includes all right, title 201
and interest of Seller to the following intangible property now or hereafter existing with respect to the Property including without limitation: 202
all rights-of-way, rights of ingress or egress or other interests in, on, or to, any land, highway, street, road, or avenue, open or proposed, 203
in, on, or across, in front of, abutting or adjoining the Property; all rights to utilities serving the Property; all drawings, plans, specifications 204
and other architectural or engineering work product; all governmental permits, certificates, licenses, authorizations and approvals; all utility, 205
security and other deposits and reserve accounts made as security for the fulfillment of any of Seller's obligations; any name of or telephone 206
numbers for the Property and related trademarks, service marks or trade dress; and guaranties, warranties or other assurances of 207
performance. received. 208
15. CONDEMNATION AND CASUALTY. Buyer may terminate this Agreement and obtain a refund of the earnest money, less any costs 209
advanced or committed for Buyer, if improvements on the Property are destroyed or materially damaged by casualty before closing, or if 210
condemnation proceedings are commenced against all or a portion of the Property before closing. 211
16. FIRPTA - TAX WITHHOLDING AT CLOSING. Closing Agent is instructed to prepare a certification (CBA or NWMlS Form 22E, or equivalent) 212
that Seller is not a "foreign person" within the meaning ofthe Foreign Investment in Real Property Tax Act. Seller agrees to sign this certification, 213
If Seller is a foreign person, and this transaction is not otherwise exempt from FIRPTA, Closing Agent is instructed to withhold and pay the 214
required amount to the Internal Revenue Service. 215
17. CONVEYANCE. Title shall be conveyed by a Statutory Warranty Deed subject only to the Permitted Exceptions. If this Agreement is for 216
conveyance of Seller's vendee's interest in a Real Estate Contract, the Statutory Warranty Deed shall include a contract vendee's assignment 217
sufficient to convey after acquired title. At closing, Seller and Buyer shall execute and deliver to Closing Agent CBA Form No. PS-AS Assignment 218
and Assumption Agreement transferring all leases, contracts and agreements assumed by Buyer pursuant to Section 5a and all intangible 219
property transferred pursuant to Section 14b. 220
18. SEATTLE REQUIREMENTS. If the Property is in the City of Seattle, Seller shall deliver to Buyer a Certificate of land Use and local 221
Assessments (not applicable to single family dwellings not represented to be a lawful site for more than one dwelling unit). 222
19. NOTICES AND COMPUTATION OF TIME. Unless otherwise specified, any notice required or permitted in, or related to, this Agreement 223
(including revocations of offers and counteroffers) must be in writing. Notices to Seller must be signed by as least one Buyer and must be 224
delivered to Seller and Listing Agent. A notice to Seller shall be deemed delivered only when received by Seller, Listing Agent, or the licensed 225
office of Listing Agent. Notices to Buyer must be signed by at least one Seller and must be delivered to Buyer and Selling Licensee. A notice 226
to Buyer shall be deemed delivered only when received by' Buyer, Selling Licensee, or the licensed office of Selling Licensee. Selling Licensee 227
and Listing Agent have no responsibility to advise of receipt of a notice beyond either phoning the party or causing a copy of the notice to 228
be delivered to the party's address on this Agreement. Buyer and Seller must keep Selling Licensee and Listing Agent advised of their 229
whereabouts to receive prompt notification of receipt of a notice. 230
Unless otherwise specified in this Agreement, any period of time in this Agreement shall begin the day after the event starting the period and 231
shall expire at 5:00 pm Pacific time of the last calendar day of the specified period of time, unless the last day is a Saturday, Sunday or legal 232
holiday as defined in RCW 1,16,050, in which case the specified period of time shall expire on the next day that is not a Saturday, Sunday 233
or legal holiday, Any specified period of five (5) days or less shall not include Saturdays, Sundays or legal holidays. 234
/C--.~/7" / g
INITIALS: Buyer 0- 'T Ii Date JVne. J. i7..tm Seller e.~-j Date b-. f<3Q 235
Buyer Date Seller Date 236
N\NMLS Form 24 @ Copyright 1999
CBA Form PS-1 A Commercial Brokers Association
Purchase & Sale Agreement All Rights Reserved
Rev, 12/99 COMMERCIAL AND INVESTMENT REAL EST A TE
Page 5 of 6 PURCHASE AND SALE AGREEMENT
(CONTINUED)
20. AGENCY DISCLOSURE. At the signing ~ this Agreement, - ~ - ~ " . k 237
Selling Licensee ~l2J'.e~e J. (;;Je.tntJG"- JoiN'; C~r<<~t:;. , 't:5l!"e;s. J (!r 238
(Insert names of Licensee and the Company name as licensed) 239
represented 8C1fc~ 240
(Insert Seller, Buyer, both Seller and Buyer or Neither Seller nor Buyer) 241
and the Listing Agent W/11 242
(Insert names of Licensee and the Company name as licensed) 243
represented 244
(Insert Seller, Buyer, both Seller and Buyer or Neither Seller nor Buyer) 245
If Selling Licensee and Listing Agent are different salespersons affiliated with the same Broker, then Seller and Buyer confirm their consent 246
to Broker acting as a dual agent. If Selling Licensee and Listing Agent are the same person representing both parties, then Seller and Buyer 247
confirm their consent to that person and his/her Broker acting as dual agents. If Selling Licensee, Listing Agent, or their Broker are dual agents, 248
then Seller and Buyer consent to Selling Licensee, Listing Agent and their Broker being compensated based on a percentage of the purchase 249
price or as otherwise disclosed on an attached addendum. Buyer and Seller confirm receipt of the pamphlet entitled "The law of Real Estate 250
Agency." ,:!, "251 '
21. ASSIGNMENT. Buyer jfJ may o may not (may not, if not completed) assign this Agreement, or Buyer's rights hereunder, without Seller's 252
prior written consent, unless provided otherwise herein, 253
22. DEFAULT AND ATTORNEY'S FEE. In the event Buyer fails, without legal excuse, to complete the purchase of the Property, then (chtJt:k 254
anti}: 255
~ that portion of the earnest money which does not exceed five percent (5%) of the purchase price shall be kept by Seller as liquidated 256
damages (subject to Seller's obligation to pay certain costs or a commission, if any) as the sole and exclusive remedy available to Seller for 257
such failure; or 258
0 Seller may, at its option, (a) keep as liquidated damages all of the earnest money (subject to Seller's obligation to pay certain costs or 259
a commission, if any) as the sole and exclusive remedy 'available to Seller for such failure, (b) bring suit against Buyer for Seller's actual 260
damages, (c) bring suit to specifically enforce this Agreement and recover any incidental damages, or (d) pursue any other rights or remedies 261
available at law or equity. 262
If Buyer or Seller institutes suit concerning this Agreement, the prevailing party is entitled to reasonable attorneys' fees and expenses. In 263
the event of trial, the amount of the attorney's fee shall be fixed by the court. The venue of any suit shall be the county in which the Property 264
is located, and this Agreement shall be governed by the laws of the state where the Property is located. 265
23. MISCELLANEOUS PROVISIONS. 266
a. Complete Agreement. The Agreement and any addenda and exhibits to it state the entire understanding of Buyer and Seller regarding 267
the sale of the Property. There are no verbal or written agreements which modify or affect the Agreement. 268
b. No Merger. The terms of the Agreement shall not merge in the deed or other conveyance instrument transferring the Property to Buyer 269
at closing. The terms of this Agreement shall survive closing. 270
c. Counterpart Signatures. The Agreement may be signed in counterpart, each signed counterpart shall be deemed an original, and 271
all counterparts together shall constitute one and the same agreement. 272
d. Facsimile Transmission. Facsimile transmission of any signed original document, and retransmission of any signed facsimile 273
transmission, shall be the same as delivery of an original. At the request of either party, or the Closing Agent, the parties will confirm facsimile 274
transmitted signatures by signing an original document. 71.//11 E g 275
24. ACCEPTANCE; COUNTEROFFERS. Seller has until midnight of ,~ (if 276
not filled in, the third business day following the last Buyer signature date below) to accept this offer, unless sooner withdrawn. If this offer 277
is not timely accepted, it shall lapse and the earnest money shall be refunded to Buyer. If either party makes a future counteroffer, the other 278
party shall have until 5:00 p.m. on the .,.....,,,;;z. - business day (if not filled in, the second business day) following its receipt to accept 279
the counteroffer, unless sooner withdrawn. If the counteroffer is not timely accepted or countered, this Agreement shall lapse and the earnest 280
money shall be refunded to the Buyer. No acceptance, offer or counteroffer from the Buyer is effective until a signed copy is received by 281
the Seller, the Listing Agent or the licensed office of the Listing Agent. No acceptance, offer or counteroffer from the Seller is effective until 282
a signed copy is received by the Buyer, the Selling Licensee or the licensed office of the Selling Licensee. 283
25. INFORMATION TRANSFER. In the event this Agreement is terminated, Buyer agrees to deliver to Seller Within ten (10) days of Seller's 284
written request copies of all materials received from Seller and any plans, studies, reports, inspections, appraisals, surveys, drawings, permits, 285
application or other development work product relating to the Property in Buyer's possession or control as 01 the date this Agreement is 286
terminated, 287
/~' Ii?
C!- <r ~ 9 I r
INITIALS: Buyer Date ;JV n f'L ),. 2..n-o Seller Date ,~ -~. '?- Q .:.."' 288
, .. . ,.'-- -----
Buyer Date Seller ...- i Date 289
. NWMLS Form 24 @ Copyright 1999
CBA Form No. PS-1A Commercial Brokers Association
Purchase & Sale Agreement All Rights Reserved
Rev. 12/99 COMMERCIAL AND INVESTMENT REAL ESTATE
Page 6 of 6 PURCHASE AND SALE AGREEMENT
(CONTINUED)
26. CONFIDENTIALITY. Until and unless closing has been consummated, Buyer will treat all information obtained in 290
connection with the negotiation and performance of this Agreement as confidential (except for any information that Buyer 291
is required by law to disclose and then only after giving Seller written notice at least three (3) days prior to the disclosure) 292
and will not use or knowingly permit the use of any confidential information in any manner detrimental to Seller. 293
27. SELLER'S ACCEPTANCE AND BROKERAGE AGREEMENT. Seller agrees to sell the Property on the terms and 294
conditions herein, and further agrees to pay a commission in a total amount computed in accordance with the listing 295
agreement. If there is no written listing agreement, Seller agrees to pay a commission of '0- % of the sales price or 296
$ ~, . The commission shall be apportioned between Listing Agent and Selling Licensee as specified 297
in the listing agreement or any co-brokerage agreement. Seller assigns to Listing Agent and Selling Licensee a portion 298
of the sales proceeds equal to the commission. If the earnest money is retained as liquidated damages, any costs advanced 299
or committed by Listing Agent or Selling Licensee for Buyer or Seller shall be reimbursed or paid therefrom, and the balance 300
shall be paid one-half to Seller and one-half to Listing Agent and Selling Licensee according to the listing agreement and 301
any co-brokerage agreement. In any action by Listing Agent or Selling Licensee to enforce this Section, the prevailing 302
party is entitled to reasonable attorneys' fees and expenses. Neither Listing Agent nor Selling Lice.nsee are receiving 303
compensation from more than one party to this transaction unless disclosed on an attached addendum, in which case 304
Buyer and Seller consent to such compensation. The Property described in attached Exhibit A, is commercial real estate. 305
Notwithstanding Section 26 above, the pages containing this section, the parties' signatures and an attachment describing 306
the Property may be recorded. 307
28. LISTING AGENT AND SELLING LICENSEE DISCLOSURE. EXCEPT AS OTHERWISE DISCLOSED IN WRITING TO 308
BUYER OR SELLER, THE SELLING LICENSEE, LISTING AGENT, AND BROKERS HAVE NOT MADE ANY REPRE- 309
SENTATIONS OR WARRANTIES CONCERNING THE LEGAL EFFECT OF THIS AGREEMENT, BUYER'S OR 310
SELLER'S FINANCIAL STRENGTH, OR THE PROPERTY, INCLUDING WITHOUT LIMITATION, THE PROPERTY'S 311
ZONING, COMPLIANCE WITH APPLICABLE LAWS (INCLUDING LAWS REGARDING ACCESSIBILITY FOR DIS- 312
ABLED PERSONS), OR HAZARDOUS MATERIALS. SELLER AND BUYER ARE EACH ADVISED TO SEEK INDEPEN- 313
DENT LEGAL AND TAX ADVICE ON THESE AND OTHER MATTERS RELATED TO THIS AGREEMENT. 314
-
Buyer Date J ClAlE ~ ,~ 315
Buyer Date 316
Office Phone Fax No. Home Phone 876-~r;tS- 317
Print Buyer's Name 7~::
Buyer's Address ~
Selling Office 'aM 'e6 ~E4l ~' 320
Office Phone 9PS~ 10?-0 ,4;~ther Phone g"6~1/(P7 Fax No. tjJfj~-1f t:,$ 321
Address 7M BI)'t 5"7c I .el~l/~f (i)'" fg5"~ MLS Office No. I 791 322
By .~' PrintName~VC.n M(A'CJl
323
~ ficoS,sicArrr; CdLt -A-rmrn9-Date~, 324
Seller Date 325
Home Phone Office Phone Fax No. 326
Print Seller's Name 327
Seller's Address 328
Listing Office 11111
329
Office Phone No. Other Phone Fax No. 330
Address MLS Office No.
331
27. BUYER'S RECEIPT. Buyer acknowledges receipt of a Seller signed copy of this Agreement, on 332
BUYER ~ (j, ~ 333
BUYER
334
. NWMLS Fonn No. 42 @ Copyright 1997
Agency Disclosure Northwest Multiple Listin9 Service
1/97 ALL RIGHTS RESERVED
.'
AGENCY DISCLOSURE
Washington State law requires real estate licensees to disclose to all parties to whom the licensee 1
renders real estate brokerage services whether the Licensee represents the Seller (or Lessor), the 2
Buyer (or Lessee), both the Seller/Lessor and Buyer/Lessee, or neither. 3
YOU ARE ADVISED THAT THE UNDERSIGNED IS THE AGENT OF THE BUYERJI:::IG)3[~ (strike 4
one), UNLESS OTHERWISE STATED HERE: 5
THE UNDERSIGNED REPRESENTS: &~EL- (!IfI/LL6$ T ()q/l.erc 6
THE UNDERSIGNED BUYER/LESSEE OR SELLER/LESSOR ACKNOWLEDGES RECEIPT OF A 7
COPY OF THE PAMPHLET ENTITLED "THE LAW OF REAL ESTATE AGENCY" 8
BUYER/kt~~L~' ~ ~ ~ -
DATE J t{ hie ;7, :l.ca::.> 9
(Signature)
BUYER/LESSEE DATE 10
(Signature)
~ {~8- 00
/.- ,.
SELLER/La-~I~( 1R... / ,/--"", DATE 11
'(Signature)
SELLER/LESSOR DATE 12
(Signature)
LICENSEE (; CO,ec;, G J: QUH~l: 13
(PrinUType)
LICENSEE'S SIGNATURE ---4- f~ 14
COMPANY NAME AS LICENSED Jb/NT {kNTC/k ;1UJ'~rrc5 lINer 15
(PrinUType)
WHITE - Broker's Copy YEllOW - Buyer's Copy PINK - Seller's Copy
NWMLS Form No, 41A @ Copyright 1996
Buyer's Agency Agreement Northwest Multiple Listing SelVice
Rev. 12/96 ALL RIGHTS RESERVED
BUYER'S AGENCY AGREEMENT
1 ~N4' "..,- ,61~between C H 1Il..'- e":S
This Buyer'sLjency Agreement is made this day of JUAlC" 1
7: t(lJlLr€ 1J.~F'6'Lrr6' .$ ("Buyer") 2
and J(!)!N, UErlTUILG / .:t::rI a... ("Broker"), 3
(;t30LtPG .-.. QVHdC
1, AGENCY RELATION CREATED. Buyer authorizes Broker to appoint J. ("Agent") to represent 4
Buyer. This Agreement creates an agency relationship between Buyer, Agent, and Agent's Broker, Designated Broker, or Branch Manager. This Agreement does not 5
create an agency relationship or responsibilities between Buyer and any other broker or salesperson licensed with the company named above; provided Buyer authorizes 6
Broker to appoint other salespersons affiliated with Broker as subagents to act on Buyer's behalf as and when needed, at Broker's discretion, Any other broker or 7
salesperson licensed to the company named above will not be representing the Buyer and may represent the Seller. Accordingly, for purposes of this Agreement, the 8
term "Broker" means Agent including any subagents and Agent's Broker, Designated Broker, or Branch Manager, unless expressly stated otherwise. Buyer acknowledges 9
receipt of the pamphlet entitled "The Law of Real Estate Agency." 10
2. BROKER'S LISTINGS/AGENT'S OWN LISTINGS/DUAL AGENCY. Buyer agrees that if Broker locates a property that is listed by one of Broker's salespersons other 11
than Agent, then Buyer consents to Broker acting as a dual agent. Buyer further agrees that if Broker locates a property listed by Agent then Buyer consents to Agent 12
and Broker acting as dual agents. Buyer agrees that different salespersons affiliated with Broker may represent different buyers in competing transactions involving the 13
same property and that this shall not be considered action by Broker that is adverse or detrimental to the interests of either buyer, nor shall it be considered a conflict 14
of interest on the part of Broker. 15
3. TERM OF AGREEMENT. This Agreement will expire - 6 ~ ... (120 days from signing ifnot filled in) or by prior written notice by either party, Buyer shall be under 16
no obligation to Broker except for those obligations existing at the time of termination. 17
4. NO WARRANTIES OR REPRESENTATIONS. Broker makes no warranties or representations regarding the value of or the suitability of any property for Buyer's 18
purposes. Buyer agrees to be responsible for making all inspections and investigations necessary to satisfy Buyer as to the property's suitability and value. 19
5. 20
21
6. 22
23
24
25
Buyer understands and acknowledges that Brokerwill utilize a Multiple Listing service to locate properties and that MLS rules may require the Seller to compensate Broker 26
by apportioning a commission between the Listing Agent and Broker. Broker will disclose any such commission or bonuses offered by Seller prior to preparing any offer. 27
Buyer will be credited with any commission or bonus so payable to Broker. In the event that said commission and any bonus is less than the compensation provided 28
in this Agreement, Buyer agrees to pay the difference at the time of closing. In the event that said commission and any bonus is equal to or greater than the compensation 29
provided for by this Agreement, no compensation is due Broker. If Broker acts as a dual agent, then Broker shall receive the listing and selling commission paid by Seller 30
plus any additional compensation Broker may have negotiated with the Seller. All such compensation shall be credited toward the fee specified above. 31
If Buyer shall, during the course of or within six (6) months after the expiration or termination of this Agreement, purchase a property that was first brought to the attention 32
of Buyer by the efforts or actions of Broker, or through information secured directly or indirectly from or through Broker, then Buyer shall pay to Broker the compensation 33
provided for herein. 34
7. V.A. TRANSACTIONS. Buyer agrees that due to VA regulation, VA financed transactions shall be conditioned upon the full commission being paid by Seller. 35
8. ATTORNEYS' FEES. In the event of suit concerning this Agreement, including claims pursuant to the Washington Consumer Protection Act, the prevailing party is entitled 36
to court costs and a reasonable attorney's fee. The venue of any suit shall be the county in which the property is located. 37
~
9. 38
39
40
41
..--. -- 42
Buyer has read and approves this Agreement and hereby acknowledges receipt of a copy. 43
~ ~ ~ b~2-1f1:> J(;INI!krl'rr.llt.E ~Lr~5;kL
44
Buyer ~ ....---:..-.') Date ';;?;~~
-~~ /
fo-~-o()
By: (Ag nt) ~ 45
~~~C::C.U Date
WHITE-Broker's Copy YELLOW-Agent's Copy PINK-Buyer's Copy
,
NWMLS Form No, 34 "" Copyrqht 1996
Addendum/Amendment to P & S Northwest Multiple Usting Service
Rev. 6/92 ALL RIGHTS RESERVED
.l ADDENDUM/AMENDMENT TO PURCHASE AND SALE AGREEMENT
The following is part of the Purchase and Sale Agreement dated .Tllnpo ? --.<"<X1c 2 0 0 0 1
between City of Bremerton ("Seller") 2
and (;nrlrlp~ 'T' Dllrlrt:p ("Buyer") 3
concerning: 1336 C;ottrnan Ave-. / Rremerton, WA gR11? ("the Property"). 4
IT IS AGREED BETWEEN THE SELLER AND BUYER AS FOLLOWS: 5
'T'np ~,)ll1:'C'l1a 5E:'r flllly understands and will sign a 'ivai ver, 6
which will be recorded, stating: 7
Subject to the City of Bremerton,s operation of the Waste 8
Water Treatment Plant (WWTP) located in the vicinity of the 9
property. Buyer is aware, and acknowledges, that the past 10
operations of the WWTP resulted in la'ivsui ts filed by neighbors 11
living on or near the subject property. Buyer, its successors 12
and assiqns, hereby waives and releases the City, its emp1oy~es, 13
agents and contractors or others actinq in thela\vfu1 operation 14
or t:np t\TW'T'P. (;ollprt:;on system and Utility, from any claims, 15
damages or liability of any nature arising from said operations, 16
whether said claims are for actions in the past or occurring. 17
in the future. 18
~()~ YiZ:,"lLLh!-Cf tiJ 6-"1f rlUrY../k'"!r- '9
The Seller a rees to c ~ . 1031' . d' ~A..~
ln a". Lll<e-Kln Exc ~e", . 20
in progress at San Francisco Delayed Exchange Company, 21
1958 Lombard Street 22
San 'Franc i sco, CA 94123 23
41!)-714f) Rxt. 104 24
25
AGENT (COMPANY) Joint Venture Properties, Inc BY: 4t'~ 26
ALL OTHER TERMS AND CONDITIONS Of said Agreement remain unchanged. 27
INITIALS: BUYER C!'T~ BUYER SELLER ~" 28
DATE {~2. - Gb SELLER __ , " ~' ,
19 - DATE 19 - DATE 19 - DATE ~ - ?'~O.s- 29
WHITF_!=::.""llinn Anont'"" r......u r::.Q~t=I\I_C::"""'r...UI (""nMU ""l1l\1l1.QV_D'lr,..hft~Ar'e: ?nrt rnnu DII\JIo("_C:AIIAr'e: ("'nnv r-:;()I n-Durr-haCArOC!. 1e:t ("'nnv
~/20t98 THU/08:59 FAX 3606928764 John L. Scott S11verdale ~026
;a. ,~. .
" "
a./ ,. ~.
:.9ohnLSoo1r JLS Fonn No. 038
aI.AL ICTATI5 Revised: 9/95
"BACKDUP" SALE
ADDENDUM TO PURCHASE AND SALE AGREEMENT
The following iFS and condill~ are part of the l~~t rAgraement, dated
11 , 19, en rSellet1 and
~ ['Purchasel"']:
1. Property Alrudy Sold. Seller has previously sold the sUbJe~/nrrry to tJarftr-r.
119.#2 Seller I1!S8rves th~
This "first sale- Is pursuant to an agreement dated '
r1ght to dlange or amend the tenns or extend the dosing of the first sale.
2. This Sale subject to the "First Sal.... Thls present -b8ck.up. sale Is subject to the flrst sale. Seller Is not bound
to sell to Pun::hllser, unless the above first sale falls to close.
3. Notice-lf Finn Sale Falls to Close. Seller agnl8s to give notice that Purt:haser Is In first position within 3 days
Ifter Seller determines that the first sale will not close.
4. Cloaing. If the first sale falls to close. thIs bad<-up sale must be closed within days (80 days If not filled
In) from date that Selling Associate receIves Sellel's notice, For purposes of computing time limits under thIs
Agreement, .mutual acoeptence" shall be deemed to huve DCCUrred on the dale of Selling Associale's receipt of Seller's
notice under paragraph 3 above.
5. Expiration of thll Back-up Sale. If Seller has not given notice In accordance with paragraph 3 above
within dayS (60 days if nOI filled in) from the date of this offer, this Agreement shall be null and void.
!
I
G. Refund of Earnest Money. Seller shall refund Purchasel's eames1 money Immediately upon the first to oCClJr of
either of the following: (1) expiration of this Agreement In accordance with paragraph 5 above; and/or (2) closing of the
first sale.
-'
7. Pun::haser'; Option to Tennlnate. 0 (Applicable only If checked.) Purchaser may elect to tennlnate thiS
Agreement, at on, time prior to Seller giving notice that Purchaser Is In first position. by giving notice of such election. In
which event this Agreement shall terminate and the earnest money shall be refunded to Purchaser. unless within 3 days
after Ustlng A.ssoOIBte's receipt of Purchaser's nOlice, Seller gives nolice that Purchaser is in fir1lt position.
[Caution: Do not delete the .dvance notice ~qulrem8nt In paragraph T. Doing so renders the entire
Agreement unenforceable.] i ~ rV
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Purchaser / Date Seller Date
Some John L Scott Oftices are Independently owmd end operuml.
14I 027
John L Scott S11verdal, - P 02
/;~~O~.~. 1:!JU"g.n3.~~ 3606J,2.t". ~ tA~O. 36~55 .
~ \ \
~~. ""'" "IQ, 21 . , III COPwI\Sl~111I97
Itw.detu"" "'...v..6~ , "'" . Mltfl~ ""'1diV. L"~"V $Vl'lClI
Ill"" lI/pr "Ill "'GIOli RE:il!~vep
'. Pat." ~ '''<l\Il>&
RESID~NllAL ReAL ESTATE ~U~CHASE AND SAI.E AGREEMENT
T~I$ ~Ot:JE(!MeN r "'':f;;'ECTS YCt/R UmJlL RJC;~rs, 'IOU AF1E AOIIISE;O TO $E~K LEGAL AOVJ(;C B FORE SIGNING. Q 0
\77...e.. <R" ~ 4 -_ (1-/ '''-LA-
""""'. ~~~~ ~ "'~~, .--'- ...",,"" ,
11M S~~\I' agro.s 10 ~. 01\ InC '01l0Wwlg :::f:.~nl e:I Ie 1111 e ' utIdSI'$1111Clini al'~ po,,;.'5 anQ ~U&ler$edll a~ P'IOf or oonlllmPll"a~eoU3 IIncltfSl.~ng& Mll ~
......''2'7. .. """"'f/ifi;. ", ·
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f9l.iVV' aM S~. :ll.J1tJo,iJ'e SeJlirlg l,.i;oe~li~ or C1ol:tinll Age.lI III 111"''' QI ~O"~1. Qve' rne;. ~UIII""a. Ins Ieg-:\L 8
... ."'" ....."'. .....- ~. -. "'"-.' ~ ~
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IS J, IrteJUdl'(j,"'" ear IT1OIll.'y. . _ frJ
2. ~E1'HO\)OFJ)An!l!m. L ~ _ . ,~
3.. f'lNANCING. Till) olle' 0 I, .::l!!( 111 nOl ~illoned (In bu)'Cr Olt,aj";"lllil 0 ConventiOnal a FHA, a VA ~ufl;"lI~. lean, (" Ir 'll. alllldl NWM~S AdCls<-'um , J
t.ac,2".lA., It 1"\Ii l'an~I'Ol\ lnvclll~ ~..,lIer li";JtIc:ing. IIIen altll(:lI NWMLS Al1cenCJvC'/) "'0. 22C (I)ll~",gn( Te......aj. ,..
a. CONTINCle~CY. TIl,s agro..rnen( Q i, ~ ia I\Qt coni:l'(IQn~ ll<11110 $;lt& 01 BuJ'cr'/ilIIIJ/TIC. (II It i". Allae" iIl'Oll'1\llU; ~ondum No, 1281. NOT" C;ARElI'lJ~ Y: 11 '5
lnc <>rape"'f o;S lutljl'll:J /0 i Prl9' 0"8'. ~Ilracn ~~S FOlrn 39 ISQCCIn1l SUyc,'S AltlMdu"'l or IIlWMI.S Form 38.1\ ('G;J.cl'UIl' ACHlltl1Clurnl. 18
t. lIi/$l"eC'l'IOl't. Thill "S'Oomenl: 17
o "' ):i. IS nOl CO/l(lltlOnOd 011 all 'n$l:IllelIOIl or the croPtrrV and IQ .mP"Ova",,;\S. (lilt 1:1, lltlactl "'WMLS 1I11lklrdurn N&l. :is or olllu' 'n$pec1Ion AlNrnC!U/l\) 18
Tire llInlllS llCl(now1OO;ti llulll"'lII Li;ling JlgQnlllnQ $l)1lalg U~p.nSOIlIl_ 1\0 e.penllJl2 O1Ilr19se maUlIIS. dl.nd recO"'m.lnd ll'l~ aDOIl1l in.~llont. HI
Ill. "'l;1iT TO FARM ANI') Ala...,. TO PRACT'Ct: FOReSfR'f DISCLOSURES ISnollomish C/l1l1l11 g'll)l). Tho, p,openy 0 i3 lfi is rIOl '~"'gl1ill6d f1'Illlanll' Or 2(1
fllllllOa wnhtn '300 I." 01 'OO3i~1eCl larrl'lLlIl'lCl'., SnohO/lllal'l C;;OUll.... Wall11inloron, tlP<< lit. all;JCIoJ IIIWM\.$ "'gdeM~1TI No, 22<3 '" E!Qt;''';lIIIll.' T/J" PfOllM}/ a 'll ~1
Q '$f\c;l 'r.I"s'Qn;U....'.;lfll6lla"c:I. 0' ,,1!UlIlOd "'""~ 300 'eCI OI..~Il)I'~IC" IO'~1 lanll"' in Snonllmillrl COun!)', WUlIllini/IOIl. (Il ('$, :l1t~r1 NWMLS Aoaonltu/II"Io. 22>4 2:l
~~~_I ~
6. UTIU,.IE6. Slll/IJ' WllI'anto 11'lll1lIJ" ~roilOo'\J if ~O'lnllcJOllIO a: )!( plJtll~ ....Q~rrl\qjn 0 \well ~ PUll/it $8WSI' ~'" 0 septic t:all~ Q nons oIll1Cnorog 24
... PAYt,1\liNT Ot: VNPAICI Ul1l.lTY Ct1ARQEa. 811)0' llI\d $etlcr; ~ .. 00 NOT W~U"E a II. WI""" U'Ie llOl\ritesIII lll& Closing Alieni tI\Cli~bura'''o tl\l~inll
nOeQ'Yry1o Sl,I,sfy Iltoll3ld utibr, CI\IITiel!-::J1I~61lllltle PrO~"Y f\'II"~1 la Rew \lCl.BO. Il'Qo"", -'''0'' Is l:ho:c;l<CIJ.I"en 0lI13c11 NWlIIIL.S ~orm 22K f1<lenbPicallonOl Uti
A~CU!nClllmJ. II niPl"cr 110111$ C"~l;ket1, 'Ilen cpljOl! 'a' i1llplill'!l,
7.
--. . -- '--' ~----
L CLOSlkO OF SALI. Till Cl~,n9 AglJ'u ellilll be ,
"FloI' Q91'/lP"4 aDoo<e'1i '101 COlld"ione4011 nil. 01 /lUy&r'~ lIome I "'" "4/~ InUl1 b~er:: Oil Of ~O!\,,' agruo III gllrl\l p&J1Je ,
" tlll'IQ'lUl/'l4 llbo.-C IS {;Qnrlil'Onokj DfI s:ile 01 eUYG~ ;'Orlle '"ia talQ3hall ~ ClOamcl _.~ ~ CSIl~ tl Q day. " not lillllQ 1111 a1lw etO~inlllnt> $;lre Of SlIye"5 ftClme
or . '-' - da.,,, (~O II nOL rdlAQ '''1 il~e, BIlYC"$ ,",11'''.' 0' lf111 c~nh''Q'lnwy. or UOOnll' by ilOrU8menr Ollllg Partlcs,
t. FIA))f oll..l All. WITHHOLOING · T CI.OSINQ. ,",,0 C~ing~CI'II~inlllllJeIQlJ 10 Il~'", ~ ce"lliel1.\ion ll'olWMLS Addqll<:llllt1 No. ~~E.IJI wq....allirllj UIlIlS/lUCI/"$ 1101 a "10",10n 34
Qtrwn' ...,.U~n 11'111 "'eenmQ or IlIe "'OIe'9n 1""~tr"lIrlllll AoII jOtQllel'l~ TIlC Act SGIJ6I' 91'\1c, h~ sign InilJ ":11l11(Jt.llliOft. Jt Sea"l Is I) lOtC'8" Pll"'~. ~.,(J .".t \r~nllClllln 1$ :l6
nOI o....."".~~ o:o:em,,, I'll", FIFlPTA. ClOt'''g Alieni 10 lI\IloIrtlCteo \0 Mlbhllld (lnd III)' VIe I~UIflIlIl!t10"nllO lno 1,1I.'l18lllevollll'l S''''iCe. 3ll
1ll. J'OSSE&$ION. lIlIlver '1'11111 bu filnUI'1lO' 10 1Ic$~~'Ofl )! on CIo~irlg 0 illlil:OO PlII OI1lhO _ .~.__ . '_ C'alenO\\r rJlI)' anel clMlng 37
u..V<~____. -~. - . "ClCSul<j' m~"~ r~<lille on .-h~IJ a/llICCllmelll8 81e'1)OOrcl(ltlllnd 1h8 aw 1l10ceeC%$ aru <l"lllleblollIIlSeUer, SlllU.rll'~ 10 ::Je
""""~"n '''e 1l.--I1Y 1I/'1C1lll('hICle<l ill"lranees:~ I...... Pl'\l~trll ~alllgn. norm!1 wo~' c.cq,C1ad. iii e~ el\ll\I~U '0 ses~ ~n. / ., ~ 39
11. AQfNC'rDISC(.O RE. .Atl"O&~1)I~gOll~qAq'ef!monl.llI.selllr'llUC~I\"~~~/ .a G()A-.. 1".0
J ----..ne I JlIhe ~n..a.-c N on, ft~ . ~.., ~
........."'. ~- ~~ ~iri. Ch --.-----......--. 41
It. '1J']"" c:::;-.,.,,~ ~ ,. lI)'ll~ ~1le<'~" 'n.. .'n,.. \ llf' /J..t'"' __ ~~
Tile llvli119 A5/ynl ~'-.ld..:~':'..... '. ....!~ . ~"1.~ !._n_._ 4,2
I '''-Ien....'' '5c--l..l.-(..~ ~Ol rt .... 'CU~ D....D'...C<rR1 1nlll"ir~ ~014 , 4:1
tll ---------~.~_..~._ (iI'aelloCJlllIf..,",OIh;,.""l'''''IlU,el'l'-_'. ..._.._._, ._~
II SOIling I ea"$g" _fllCl ~l&""S Agel\l Qre clilfl!ll'CIl' Sillt'lp"r~o,~ eUJl'"ecJ ...ilh 1I\f! same SrolCer.llllln tlCll'I Buyel ~n4 Senec eonJirm ,~.i' oonll"'lllo 11131 S'ollli, ~hn9 U , cllolill 4.;
-\jftn, IC SelbT\1l Lio<<l'~~ alld LISLlng ~9"nt l'C Ihu 'ilme D.,IQ~JlI6rson reO_.fllinQ llal/l fllIf1'~ IIlllflllo'~ 8u'II' afl" SeRer- CI;)IU~'n [l1I!iT C"'\SIlIIl to rIlul Sate:;ll&f$O/l ana nl~ /I~
trtrr al()l(Il1 lltl'I'If138 dual -'\J(:!IIJ;. Sure' ar1d ~IIe' COIlr.'/I11etc\P1 101 lh~ ~phhllll!n"lIQd .,.he L.llw 01 J:lQaJ E~lllC Agoney.' d6
113. COMMISSION DI$CLOSUf'\c.. NlIill!el l.iSlinlll Agt", IICr SelJin(J I .e"rI30e 1$ fet;OivinOl CQlllpen~r;on f,ol'l "'On. lh",,, olle PII,"Y'O In'3If11n:Slll:I'Qll UIlIClj~ ~lnll/lwl~", '131eQ 1$ 7
"" "n 1lIlnoheq llaQilnqllm. In ...IIIell ea~e BIIyef ifld Selie' CONenl 10 $U[;l'll;CI'/l~f!n$atrOfl. 401
ell INCLUl)t:Clltt:I\II~. J\ny o' IlIe /Qi1Qwing PC,QOJ'Illll P'OOO71y rll~1811,n 0/' IOn llle llr'<lper1y 14 i"{;IUCled .., IIlIS Ilale: buiJr..., a~pli~CI)!: Jdl~P\o~ C\Qvec; <&IQI'..o.wlil" ":l')lQllnll; 4>>
t""ll.'flt., a._'l MQ III 0'''''' W1n(jOW ITca,"'~~\a; WJ"",~ ana cloor ~ct~m5; _"'11"$: Slorm ~OOl'1lll~e \l(1n;lO~: iflilillJea tclcvi~iQn &I1!c1m3s: >lelltllallr19. lilt COl\Cillofling. 50
iIlCIlle:lllng lIQu/prnent '"000 ~l~: IlrUtl'ac:e 1n9Cns.IloOf~, DllS ~ 'M 1):!.$log I;lll'll~!:); i'ri!j3Iicllli'''.''es lln<!811vl!)n1ol1l; fl!ec<rlCgi'igll 000' Cpensl$: W;18t' helllll,,; !!1
Il1$lal16l1 "'OCI'lCa1 fu:1l.l'C$: r.~hla lllld liglll b\l'~: ~Ill'\lb~ p/8"'8 \l''lJ lIlillS: Iltlllubs: &rid all MII\TQOrn ana Olll"f rixMe~, !l2
13. C:ONOfTION OF TlTlJI!.. VI\lcl:l> 1OlJ')1l....;:iO ~eci"~ il'l Gli$ ASlf!ClTlcnt mfllm \lie ~CllIIfy $~[ lk> mMe'::rlll~ al elQSing. TlIe fQi\Qwlng SnQll ftDI <4Ufe IbO 1Itl& Ie tic;; \IIlJl1ll1lIe:tlDla: lIglllli. 5J
"~MlUIlI'IS. oo.~'l$, CUnlI,,;~ ilI1IJ /Iil:l1rk..1if.l'lll pog~I!I~Ctll\o;;ord and gtIl~,.r 10 till' :l1'illL: ~. ~ encrtJm:h!llC1 leriabr alIlDll'(J m"~llll! Of or Ul'ldulv inlortonn; 54
..,qt, elJ~ rOa~onmlIe u~ ()( l~" p~ Ilnd "'""",e<j <lit ~1ClIQ1Il1inlnQ l1ghcl. MOII~,,'Y "lne~mll"ll r1CeeJ IlOl ass" II be lIQC 01" Ihe Se11ct en .,. tlof0r9 duli~ ~5
"""'" MCR ~._ _ 6UV'R__.....,. _ SELJ.EII .."."_ _. .......__ ~
w.,,, ...... ..."., "'~ ..,,~_. ,~, o-n_....._) "", iff :tsh- n .~. ..-....-...-.
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"
'~
John L. Scott Sll verdale 141 028
0~}120/98 THU 09:00 FAX 3606928764 P.03
} RUG-11-98 MON ]8:05 946.!:l3"fj fAX NO. 3604.55 -.
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"\"Nl..~ r rarrn No. '21 QI:CIIIt"lI"11lll/7
lloo~lok~IJ~' P'<C1B~ a S~'" 'I01'Illooe.I_iiIv L~n. 3cn<Ic;r
I\~~, "'7 AU.IlIG~' ~E;sC:'lVEO
P;gez ~Il "'.&ol'l$
RESIOENtlAl REAL ESTATf PURCMASe AND SALE A<5REEMENT
(CONTINVEOJ
U~ANC;e. Sillier 301l1'on~6s ~81\00I or Clj)~in", Ag",,1. ". Seller's ~~pBn/lC, 10 ~I'P~ fOr a lSl8nCl,t'I'l rOl'nl bW)1:I"S po,"eJ' of 1,Ile "'~urll"oo, ""171 hO"'CCl"'''e''S ~,
~(Ion 3nn I"~allo" O~I.eT<o" ."O'9r:;v"le'ltlll' ~..~,l~ofe 111'111 ilcl"illqna' COSI, Tile ..1111 '''O''''8''CiI! Ool,'Y i~ 10 Ile ordc;rC(llnr'OlIgll ~._ . ~'1
... "~Ue tQ1\'lnn)', Sa~ CO"'c.1(1Y 15 10 SlS"d iii eQ~y 01 ("e lI,e>'l",,"aryllOm,Mftlen, "'err-Io' tv bOlll \.J$~r'\l Allell\ ellCl Sell,1I.g UClnll@@. To,,, ~')
"""''I\.D m"'II..,~nl. MIl,PlQ ~lleJ)QllqrlO till 'S'UeQ, "'all ....n...." "0 o.'ep\O;l"~ o\r1Of IlIlIft 1fI8 Gl!lle~1 ~SlOIlS ~l'Id &ceu"lIna in:'8IclSlOlnlla,Q form &nCl3oe1:I,' IlU
t::.Cll1lII11"~ eOnslsl.."l.....lI. III. eCl'\llition 01 TillQ he''J1n provjCle~ II "11........,..<), ~<; "'~Cl. to 'fl<<u'llllle ..."fla /foo 1;'0";('11 d'lI~. lI.on '" Puyer'" .u'c unClll;a;CIUS...e (O",.aV, III
Itl~ "<ll'''e~I'''ClI'I&y _"all. ""'IIl~~ ellJ'llreJ~~'IIO W:llv1l5ucttdeleela 0' '''''''''br',''c'''''. bll rc'lIl1l1ed 10 1"0: IlLlyl!1.ICSS lIIljr U"lI~'1l ~O&\$ Ill'scl,t>..d;n IIlltlagf~pl\ 27 ~.'IlOI. 61
/l"C1I"I~^u""l'lmil!"'l uJlan 1J141r"uClCl\ be ICr"',""tecl, gllYoEI' s"aJ ~~" no rlgI!"O Sp..,Q/'1; per/OI'>'/1l)nQJ 0' Cl1"'llgn all a ClCnst.'qUI!!/Iev- or Seller'll "''''l.ulilJ It> ~\Ode ir\$u,able tIll.., GJ
15, COMfEYAAe''''OI$'~I'QRMAN(;a. S~
WARRANTY ~eED. TiUe si'l.)U tle CIu1'QY~ by ~ S"i'W\O/)' WllI'11ll11) Oeecl. IIIPlIS Avruement is IItlr CO!llrey,,,c;e 01 a Suyo,," 1"'~lln , 1lG1l1 E~'lll.ll Cgnlr;tC\. I/le $1;JIUIIl~ 6~
Wlltrl\lll)r O~ InQllIllc!u<la ~ 8\iJ'Clr's asslgl'\l1'Cf\! OII"'lS CClnlr~et :ull'icit"llo l:Dnv." ../ler ()(;quirOlClliHo. 116
SICtJll:I"tY. II Ir\,~ A~menl is fOt' liIile on ..,!ho'lI Real tlllllt.> Conl~cJ or It NQ\1t nll;\/l"IIcJlly Ooed ot"I\JSl Ltle P3"lo~ aliil~e u, IPlg FonM(SI A"'~MZ;P ~fe~E:YO ynfO&G 61
'In IOSWuba" prg.-,ding ~nQ"~,ng fIOlIi~a Qille~"l forms. "Roal &191& CO""~CI FOf'll LPil..w is all<l~h&d Ilereto. o"ly ItlO$!ol Q~110"31 (fall~lil~ In 111111 fofm 'eo"i'eo IIJ' III. e"
w",,~ oJU\ls A9'"~nl $h41~ aw')'. 69
lIA81l,TV FOR PI; YIIEt.lT 5. 'th. Plll~' '. Iln~~cllO "o!lool "aymen~ 01\ II Re/lIl;61<J\e Co,WII(;\ Or ~\c eVE'" T I1QUGH THl; 8lJYER ABANDONs ;tnd/or afr(o,s 10 q..l 70
Q.:l.m ,~ ~I't'f \0 Ine ~ol'd"', 71
PERFtmMMC'. r.....;1I 0' I"'l' e!;~O"~e ~ ",is A-;Jroemsm. 72
A$~GNMe"T. Buyer may 1'1,,1 illIIJilil" lI'l,~ Agl'11\lmlllnL 0' ally8's ng"'ls fte<\lul'Il1." "':I/lCul S~UI;"lI pri<;Jl' wriller1 oql\s""r. w"IeU ~rcl\r;llocl oln"_'$O ~.flli~. 13
lG. UNCE,QI. VINO ENeVMllRANCE8. IIltlo)l'll i. iJ" $zl~("9 Dued Or r'II$I. Re~ fSlal\1 CQJTlrnCL or o'tle, l;ri(u;"b',,,~\: .mie" 'S III rem~." unpaId ~Ile< ~1011lrrg and iIB lelm6 ',4-
'e\l..."e Ihu hQloeJ's =~'" IQ lltl$ 8111y. B~~, 1I9"'Clllu prGtllplly UPClIy 'Of IlII\:Pl OOnSeIl' anoi 111;:$ AI1'lilS"'etIl ,'Ii cOIldi,lvnso on d ~~in9 0013'1',,0. 'S
17. c;gljOI tlON OF WEL.L Sell", IOrOtr9"l$llIc I'ri....16 ~ClII (JIij"y):erwU\o lhe pn;.pe"~' CC) Imlv.rte.s an acJequIIIlI SUPPI, otltouSlllIold anOy:lrll"'iJLer. tIlt.-e\Jl'lg $Iolt:l O.Pll'I",~nl ,~
01 5Ql;laJ lIlnd H~311n Survi~e5 pU"'Y efU"<l.~B: ~Il(l (b) t0l1\1n~!,<1 U5El of IIle "011 15 ellltlQ('Lod by II :l1:aLe W3IC' Rig'" Cclijlicsle 01 '-s Ilil9'l1l~ e.~"'pt 'rorn 'llu requirement 11
Of , COrtlTiQl8IC. 78
11. c;ONQlllON OF ~UTrc SYSTEM. SellerW3l'ran~ ,hilI III\! slig~ 5)'9lem CiranYJ serlli'lg Ille Jl~pOrtyl,: (Ill (ngOOd \IIO'l\il1~Otdo' ;t"11l SOllfj ~~"o ~-til~lleO';I'1Y l')eg(J~ 7D
r"llOli,.,: 1/1(1 (bl ;s e<,....ol"lIy "al in ..iollJ1;Ol\ Qr i1"Y sovc'~.,..enla\. n~-.Ith. CO,."lrvcfiQtlJlIIIl O'~IIl' sL",nuard5 spglie..blulo 11'1,: proge'lf tW
'9. SALE IN"O~MA 'TIC/Il. lTlu Li,linii! Age' II IIr SIi'IlTl9ll(e":see is lllll/lolired IO'tpor\ l/!;a Agre~me"l (i"'~luding ericc and alllenns) 10 tnli "'1ullil'le l'~'ng Slir..tli U''i\' "..bl"I,c:cr it 1
II ilnQ 'D.l:.llTlGmller$, nnan~;flg l"~lolll\;an.. lIt)L\f\l,so....; tilftcl3"y...... ~I.p' T\ll&'"d 10 lni~\'iaJa. !luyer il/1Cl 51,1110, 11IlIIotl'e lllllenden;. tlol'no OlIe"I~.llppr;1.:lCnl.IIUe Insura"ce 112
C:Or11"~,,.(l8, 5nO t'lll>orJ I'Qlfl~ed '0 lhis Sllle. '0 rurnlSh '''oIl li&l;ng Ag"'" ~1'Id1", SclI,"n Li~nslle. 0" TUQuP.S\. any ancl ",I inlorM~li\)n arto c:op'e'6 01 doeull1l;r'll aln~V'I,in; \"'" 113
5IRI,,~. ~1I'il'e$~ "nil M.al O'i>IlOi>IUllllOrllll~"t;ing. ',OtlfA'S{\',~11I51"g. ~lI\Oronaillo", ~"d ilnyolller".,.MrCt)nce,,,in!j \"iua1e,lNClUOING BUYER'S C~EOITAEpOFtT. (I=HA $4
'Og\jlll'C.1Ia Cl'()~IOlllerule~ gl"ing Ue(l.1 IrtfarmeUan ~O '/I~OI'IU 0" "!-fA le;rl1S,) tl)
ZOo ~Jl:Arn..e IU,QUIREPtliOI\ITS. II l1\e tI<~liIr\y it;n l'1e Cily of $e<lIUs. Sellsr lIg,ees tEl COrnOly wil"l 1'10 rollo....ing Sea rife Oldinance~ Delora clas"'llllf !hIli ~Ill: (s) (I0~vor III M
eU~lIr · Cec'\mCaIIll of ~lIn(l Use 3tlC3 l,o~' ~t~"'Gl"l.o (noL ~oOllicable III $i"9'1iI tlll\t.ly clwl!llings "Dll'8p"3On19~ Co be fI IawI'u. $llC rllr '"11ft' l~ar1 one ~"91~ng oJ"il): a"d 87
(b) V.I.. <JO~rov.o $mo~e dlllli!C!QJl; a'a i"St;)II(:I1. Only.n ~lJir~ry~ C01\:SlNctell be'ol11 HlBO may ll'le 51I\c)1ul d.16cl<lr~ be bO~"ry go......,O'll' 811
~I. ClOSI~<:; COSTS A~D PROAA TIOI\I, SCllJO'lI"d ew)'e' Shall I!!Se/ll)i2y Clne^i'Iatl e' IlSr.l'Ow '41'0 \lllIU" \1',;6 ijell';So I'l"A or VA r,nfln~", in wl'lic" ~..~\I jllll'l~1I be PlIlO' 89
lilOCO'Olr>g III FMA (,}, VA 'li!jVI;1l1ol\6. Seller 61'\all pft~ lOlll \l'IClI~ eleiSe lax. TU~C~ for IlIe C,,"elll ~i', "'''1, Inlete~I, al14liClnabls h_..__net'S "$'~;31~(1 dlles ,n\~1 90
Ill: llro,ale4 8Q 01 eloSI"Cl, 8UY~T "9t'OOOIo liCIT ll~yer'6Ioan w~lli.lnClud"'g CI1lClIr ,.OOtt. Ip17,,,iSCl' C:l'latge and morl!)vgae'5 1,1Ie In5uranr.e. U'11&1I8 tltOYided olNlrwl:u III
." 1ft,S AQrc)~t"1enl. II "/Oy pllymenl$ ilre del;rt~~onl Q" etlr."""br~.,ces ""';~~ ...ili,~..,~;., lift", e1C>$'l'lg, CIII$i":i 1Ig~'\II~ i~6lrucled 1\1 ~ay l11elll ill C105;09 from money dull. ll~
0' \0 be oalel DY. S.ll<ll', 1:111)111' avnlll$IO~, 10' retn:tln1"'ll";1 in ,,"el I;'r'\l( i'. prior 10 clll:.i"g. Srllla, Dtllilills i wr/lIC1" $1;lllmll"\ .s to 1/<" 'lu.nt;ly ;Jr"d "",.,II"IIl'1ee r...,., 9~
llle ~'Jo~lilr, Sli/lCl' "tl"":~ 10 118l' all ..1;lily dI""g,,~ ('ro~lu~["iI u'lb;l1ol1 CI""9\;;>), Buyer ,,/llIer.! lands lhllll".l.i"i"~ "lie'" ~'1d Se/lif\illi~nt;IlC are nlll re$51onalble 10'. ll.
0' '" ins..... P"~"'e"l 01, ~"I'''r't; 1I1rf!\y t;h.lfg~$. 95
U. IIIISULA. 'rICIIl . NEW CONSTRUCTION. 1111\,..8 nr.w oon.t'uel;"". ".d" ":II T ,~o;1e C<l'1""'I$~IQrt ReguladonJ 'OqUlr<, ~1~ 'ollQWillg ~ U.. ~ili(ld 'f'; Iff i"'1I111'0"'$""'\)'81 Bllle~lcd. 96
.'TC 'fl~w/;)ligns t!!Qurr" Selle. 10 'I.Iml'lI Buy"," l./le tnfO'''I"lion beJoo.w In wtllltlg 3S ~oon 41 !hljil:atJI...) ~7
WALL IN5UUl TION; TY~E: --. "_ TM!CI\;NESS; _ _.~ R.V,llLUE. _ . __..~_ ~ll
ee'llNO 1I'CSUlAT1ON. TYPE;.;. ".- THICKNESS'~_._ R.YALUE:_. --- 911
OTl-iU, INSUlATION OAT^, _ --. .'-..-... ..-.".-....------,---- 1eU
~. NOTIC::~$ "!'IO COMPUTATION OF TIME, lJ"lt~t O'h~t'W1se llg"ci~",d. &ny nOlit;6I1jQui'R" or p,rll'dled' ;n. 0' .el;al;d t<l.lh.e A9,eemsnl m.SI be In wril[ng ana $lIl"Ql1 10'
by an, O/Ilr Buyt" \I' S..IIII' l'''cl~cll"" e'tIl~r hUllllal'l<l o,w,'e). ~ouO' .~al~.e Li:li"g Agel'll as Seller'.. age'll and Sw)'.r QPI10'"(~ S"'~ng L'c."!:Il~ Sli Buy~r9 ageN 10102
rQc....c l'IollcU liIqd DU Ol~~r doc:ume./ll.s r~i1lin9 10 llli. lran8llr;llol'I lIlal "'ilJ' ~a \2~I'vO'tI" 1'0"' QIIO ps r1y 10 Ihe Ol~e' inClUding Ovl nol ti'l\II~d 10 ~UE<r$ !to;J ~rope"y 10J
T'''n~rllrOISCll)su'Q ~l<l'r.:'ne"l(RCWG4 04). ~onl1om,,,.,.... ranle '::"flifjt;a165.lljn() 'etg1lil,jU..,,,s II"" ~ny ~ddiliorl:llwrille" "atic~~ re&PQ"~";l Q'COMmunk;allo"" ,eIOI'flU 1004
IQ su~ ~"m.'"~, The:> pD~y tQ who", ~ "Illi~ or 3r.~ otnereQ~V"\Bnt is d"ae\c\2 .hollOe de..ml!l1l.. t1a~e reec.jved IInd to ha.e ~l'Io....lcclge oC fne con..n.~ or Itl~ (lolic;a lO~
0' oa\:~"'O"l& ...1;0<1 rel;slDllly or 4l111l~ ornes Qrllle IlSI1Y'$,p()O;nlud agetll Any lime 'imi. aplll'Cl1t11elO a nOliel1lih'lU Commence ol,lhe ds)' fOlluwll\9 'ete'plo! I"', nCll~~pOg
by 1I111 ilj;pOllll01l ;J1llC'l1 or p<lny. ..n~ lin"U l'''g"o aI9.\)1) 1>1',1 QI I"'e '"Sl ~are'ld~, l7i1y 0[(1'1& $Il~~i/led &oriod IIrli'l'c. unle6s Ihu d:ay i, it Sl1lu,day, Stl"diIY or legal ftOliday 101
3' <IofiMO '" RCW t. '6.050,.n Wl'l;Q" ct''''1ll~g IllJle limillill8ll Ol\lllre on I/le I\~d llLl:>i"o;,,;o day, "'1y 6pl'cir.ecl periQ(J OffiVlll51 Oily!; or less ~I.u" inC:ludl) l>ueino.... d""'(I'i!
o"ly SElLE/t AND eu""p MVST KEEP TH(I~ APPOIIIIYE::O ACOENT A.O\lISED OF THEI~ WHEI~CABOIJTS'O ~!=CEIVE DROMPT 0I0'l'1~ICA'nON OF RECEIPT OF109
A NoTICE. S€llING LlO':NSee ANO ~IS'fING AGENT ilA.I/E NO fl€SPOfol<llll'\JTY TO ~VISE: OF "IEeE'''T 01' 1'1 NOTICE 8EYONO l:rrHER t'kO/Vll\iG T,.,~ P^FtlY OR"O
CAUSING A. COPy Of TIoII: "'OnCE TO I:lE DElI\i~"EO TO n.( PAA1"t"S ADDRESS 01\1 TIllS AG~EEMcN1'. "1
24. fACSlI~Il.e: Tl\ANSlt11SSI0N. "aCl'lil'l\.Ic l'llnOl'l,i'J~;u" or ;I'ty ~ill'l"d o,iBin.alilOGumu"I.I'lO'e"lln~"'i"'ion Of ''''~CillnBd IOo;s;~118Irel'l.;rnlision. s1'~1I Do llleSIl""CIilS OOil~,,') 11;t
"r SIl. ~iglllal. AI//lr: 'eqllll$1 Clr .,tI'1er ,,~ny.el VlC Clcsing A(Jcrtl. (PIe P"I'l;I.~ ....11 confirm raC!llmOlc tran5M:I1\ld s'9""",'QC by 1:o9""'@ Qn "'('ll,";,1 do~umMI, "J
25. euvell.'s FUfjOS TO ClOSi:. evye' rl'llreS8".. lh~i BU)'lIlr "\1! .1/rr.ola"ll.~.I~ 10 dose [n'$ sale (II a~o'dalle~ -.lIPl Ih.S Avr~~",.nl, :'nCl" 111>1 'el,iOIil II" 3n~,"genll 14
s<,'Urt.. ~ III,,", O. (;)11\5 unl...~$ \;Xprl'~ry ~el rOJ'l11 CJ~where in thi6 Agreement , 15
OL ~~(~~:{.;~~t.:~~~~.~~.~~, 7~!~';1iC.ff:~'s"1;~~~
..","'" ""..~~- '0", ._ saUiR~_ SEmR___ __. '"
...,......... ..-. - ."'''' h~' "''' '''W-'..-., 71 ~>>- ""2tt'w. .." COU>-"........ ,....,
jt/20/98 THU 09:02 FAX 3606928764 John L. Scott Sll verdale l4J 029
, AUG-17-98 MON 18:06 94.63'(3 FAX NO. 3604.55 P. 04
.. ,
"
~''''~3 ."""... It \ \ eOo~\I11l 1997
~lIaOolliwl D\j/t;h:lt.l , S~le OI~ ~ ~Ieu.., 8tr>iC.
"'"' 1m AL~ RI(lloTS A(s~"liO
P""03a1')Cl.~
_eSlOe""AL _OAL '>TATE .,",CHASe A"O 'AlEAGREEYEHT 'h V~~
rC;O/YTINUEOJ ~.s. Vq9 h ~. ' ..
~7. fAIlNts.:?.u~'~~9 L,C41nsee "d1~O""911Q<!$ 'e.:.e.lIl rro", B\lyeT 01 ~ Clam.'l ~IlI:Y. ''l ~h.. /orm or 0 ~'" jJ"p.."onOI ~ IIcl( 'i/oJ'" ,
Il3Y3111e ~ \-..c...J 0 PromlS$ery 11010 "lie . . III _ ..." ll3y;~1q 11;1 12'
aOI"lIl"~~ '. - - 10 bo helcl: 0 8J 'lie CI06;1IC1 Aligll' 0 III Se1UIllll bollte-e'~ e/.kel'~ poolo' \/\1:1 :ICCll<lnl (wlll'l.IlI~/eal ~," \" I"~ 12~
w\J~/'Ilrigfll" 1-40.,10..., FUllcll. !e~;'lg "lCle"~CG 1J'1.~. /I(lwveVlir. lranste< Ill.: Sames' ma"CII 10 !he CIo$;"II A9e<t1. 123
Irlll' 'WIlllSI ",oney is 10 blll\c!14 b)'SeJlrng~"I:'l~~e and is OYer S$.OOO.I:S/lilP be t1epolli1eclIO: (J Selling l~e.'5 Brekar'$ ooolvd ("'51 Keo,,'" lJ A 'cl)ellllle lr..~ 1;0:4
4(WuIU In l)CJli"g l,'C6n~u'IO fll'll_ll(i neme. willi Ill, iftlef&51 ertclite(l 8' dC$.i1l9 III Bv)'orf$oJler llllri'k.. one) 1I'nOSQ Sgo;ral S~r,lY (a, 18lPaV8r '1)) lIIl.I"'~ .s: 125
-.....-.-........- .,.' I' ,~;s 3a1e ,~:~ to cl<llle. w"oe'er is e"tiUec:l,o '''0 Camesl /'I'lc"et is e"lilloo (g I~e .ftlCrol:l 12Ci
S41IH"O ~'.e $I'Ie" ftOI \lQIlOaJ, 211y ~eel< unlil BuJ'''' II"" Seller "_ue ~i8nl"~ !hio ..../ilrCl;"'enL a"y~r lIsrel!lll~ ~, r,nano;mg il'!Ct ~f(I'I.1$U ~1I ;"Q,j"80 by Gw~r. II ~1I '27
Or ~ij" olll\e e.3I'1"1BSlmotle, IS 10 ~ rel"II1'" lC 'v)'\I' alld '''Y 5veII c;.osl$ ItIl1ll/n VIlOllid. IIIe Selli"g U~nsect m..v Lt4IClvcl und pay 'he'" "'.""rom. '~a
U. CE!f!AUL T ...~o AfTORN&'f"S I'tIl!'S. In lI'Ic _h' aV71l' roils. ..il1'lQVII~1 Cll(l.I~, 10 COllllllllle IlIe Durghe.~ 01 \he Prope.ly_ 1I'10n (cr.eCk \11I&1: '2~
A IL ThI.IlllOn;o" a'1M ea"'eSllllQftoy ","II:" (1091l"OI Qllce~" Jive De'~nl (5'Jl,) oIlhc purchase llnco ~"eJllle 'Vllin., by SvlJor lIS Ilql.lodllll."d dam;J(I~5 (subjealo Sellenl '::10
o)Ol:i:tIICll'llu P67 <:Ie",i" "1;I5~ line! a I:OIl1mias!oP U"del SeelioTl 31 billow) and ill; \!'Ie Wlo and lll~lu'Mll1lrneoy available 10 Sellerfgr &lltl'\ lailw8; II' 131
lJ lL SOlloCl' may. el SQUol"" cP''''".(a) ~eo~ as J;Qui~$~ 441mng.'lI1111 "" II ~<1lQ" 011/1. '1I'''"1 "I0My (...lIje!:1 t.a Sellers ot>hQat1\)t' 10 pay CoeIll)'" o;os18 311d a CO"'""::SI~1I , J2
lI"tor s.c~~1\ :I' tIct'ow) ~t.1I'\e Il'Clle"'''lhu:llii;~ 'flmll~)'aveilabl&1O Sillier for !ucll ~;Ivru_ (b) b"~9 suilBge;"lIl Eluye/fol $~ller'> 1IC1VO' u.rntgQ. (1:.1111;116 till! 10311~:I;Qlly 1 J~
fl/llcrCE; tnlS Agll!flmenl a~d ~l:D\Ier I\!\Y illt:i"enlal cl&mfl\)ElC. 0< rd) ".,flue al'ly Oltl" ';91'18 Cl" r'I"I'1IllIl;ClO llYlIIffallle QI la.... or ell"")", '301
1/8v\,or. S.I~.. L;el.Ollg I\~onll;l' eelli~9 l.i..,n..... lnl'lau~~ $Ull ~r";;llmJl)fJ '/'lit Ag~e"'f!"t 1r>.:Iudin!. Cul nollilTlilp'~ 10 ~Iai"'ll Crou~h\ purSll8C\t to ll'\t INtm".ng.." Cona_er 1 35
P'li/lealanAa.IIlu pnllvilli,j/l911QIl)',S enthi@(j 10 ~our'l cosls 8n" j te~nable 1I1l0meYli fae, I.. tflc eve", Oltrl<ll. tile llMOunl 01 ifill lIt101'~cy's lee~l1l1V belirel.l by !tie coull. 138
Tile ye'1l.1p Of :in)' IIU1t Sl'Iilm ~e !he IXIvnl~ in ""'i~" 'lIIe "~pcr1y J5 loc::iled_ 1);
If lICill1urof d'le eIlOVIl bOlles j~ cneckod. then OptiOl\"II" '8p~lIe5, 1118
''1. eOUN fERQrFERS. If e.I"c' ~rty makes 0 ""11m cOlllllllro/le._ II1C alfie' PSrI)' $/I aU "sve vnlil9:0Q P.M. on 11'18 _ ~ey (i! lIel finellll'\_ ltle $e~olld daYI fCl1<lW'"9 ll~ 1~~
rvo;llI;P' to OCOlnll II-. c:o"IIlc-'llffllT, \I1lleS5 SCOne< \&I'II'It3rll'olIl, A c:ounlel'oHe. 01 :aceeptance i$ "0 I elfee:J'J'1O ..Nil a signea COil)' i8 reee..e" bJ gr III U'loe olllce d Ille <lltler Illlny'S 1 ~v
agt""Or lht P""pOll~l!l o! <eoelvill9 ~O\;(O4. 1Il1lrCI"'OllQ' if> SUo;li1ll1 2a. IIll\e eouTlIe,?!J'et is nel timely ael;eDled, il ,,~al1lapsf;;li\(f lhe earnesr money ih311llv 11iI/\i"d~d II) 1.1 1
Ute Bl1;'ll/. 142
30.. AO(l:(E:r:"e;NT TQ PURCMA6E ANIJ TUllE! LIMIT FOR ACCElDTANt;E. Bvyer Orr"3 10 pv"h'l!IC l"e propeny en the RbQ~c Icrm. ana eo,1~itions. SeUcr t!35 untIl ~ PM 1.11
0/ -.. . __ _ 10 _" _ \I;) e~llni$ Qlfer (if I1QI ftflt!a ill, lrIe calf /eI10wi"l1I~J"B\ e.J't'l. ,i.,.,aIU"ll"~'O toglQwl. Ac.ae~UlI'IGt i~ l'\<1l..'\Toalve u"hl ,.....
a 5lIlO<oil Wl>1 hmlQl '" ~.l~ ~""),I oy or alll'lP. u,"wo! Selling Llaen~C', ff"l1la a1Ter;s '"'vI $D ellllePle(l, il ahan laQlle $00 SeUj~ L';l:l"3~etvft(j Ihll ellmesl ~ '" Bu)'ll'. 1 ~~
llUYii~.... ""'VV\~ & L...~ 1 0..4.,: \~ _ . OlliE _d:1_ 10~_ 1A&
O....T( .- ,g ___ 1017
8.., 1~2
31. SilI.LER'S ACCI!P1'ANCE ANO BItOKen..OIi AGREEMENi. ~e~ Bllr'l!e9Io~' lite oro~enl' ~" lh<e terrn5 :l"1l conditions ne";IIl, i1n~ r.,"I1ee 01/"""1 l.Q 1I~~ U c:ornrrliUllln 1 ~ ~
J(l D 1018111110.."1 ellmou~cl -1'1 K<;Ordllr\Clll...II/I !h, li,t'lI9 iig'$C'"I:"1 The CllmllliG$iCln 5"311 be ""po".. nee belwO.;n Li5""" Age~! \lnd S.,U>nlll..:e<.ll(IllllS spl!l)llccf.~ I!\~ !"~""D 1:'-
" Ih8fll la I'\q ,,"ri~n lI;Wnli/ ~r""Plenl. 1l1l'1lur l'JQrAeS to Oay Selling l.iccnl:eo B eo""'TI;$$iu" of 'lIo QI Sillt:rS p~ {$ "-'- ,,!
S~lIl1' 1&=;0"<11.0 lIlting Allc-Il\ ~"d &0;11"'9 l.~n~cte (I ~r\ign Q1 IltellO[lt:S ProC"A!l<lt eQval !'O lhe CIlJT1minion. If e;l'lIc$1 mcn~ is (01 ~d'lf~ 'iclu.\lOIL'd d''''.~e:5. ""YWJli IS~
il vllftC<l~ or mtJltlll:d by L.:lfinO Agem 0' S Iln\llie.r>~.. 10' 9u~r or Sell. I JihDlI ~. '~"'l)U'''<ld ", P<lld If')cr.rrom. "lid \~" lIilt/ln all be ,jivided eQu.'1Iy b~~,," (111S-:
- lIe' II" , 'n A9 ~ ~tl1inlll~ V p"r th~ "'im.iOn onJ811~9 ;9,gamenl, ::JCIl.' aeknowl~I/"S receipt 0/ 1I r;I;1Pt of I I~Qmonl. ti9"1l1l1Jy ~~~ :~ci
----- ~lll 1!9
--'--'-__01'.' --. ~, '-- DATE --- 19 _____" '~C1
T S!!LlER'S NAMES -....._- n_ '..- l.r, _~ 1Ii"
~'$ P"iONE.: MO"lE _.. WI. .-.---....... .......'. ~. O'=l:lce . - - .,.. ...---- 16;<
"'S ADDRESS ll~ '_, '$:1
llS'rlNGI\CENT .yo-tf.J L-~~ri- OFFlCENO_ -2t1.(.. -;;:;;;.~& -I,-.(g;--;AX (P~8- :u.>'f7 'f.J
MlSNO. ~r!167E(~... (C~:;:~S 'iVr-?-~~6e-7tJ/' .~c..v'<?: StA~ 1fI"...--; S..~_,:vt..~~ ~b-~.E:J~..__m' 'll~
32. r.H.rl'tJAl ACCEPl A~CE. Tl'l1'l\\Irl111'l1vnll' ao;~p~ wllrloul rLJl'!.'ler c"allll" Qr Oll......le/orre. lki$ _ ,,_ daJ' 01 _. '._ ____. ,g__~ . 'eI'S
...~ro;h ~rl;ln be ctee".,~ ltle cIato or nwlul1! Ul:CeplDnte or 'his Ag,eenl6nl a(\d all ~<lCl1dll, HP
16i
---r1\~illlJ or e;tllrfStllc, i$iMka One) -
rnirt,,(. .." GU)"i(ISultll' (Slflko on,,)
Wlllr[. SoeI({"llAgOl1"s eopy GREOi. .EllI:/... Capy C:ANAAY-~vn::t!IBer'8 2ntI COny PI~jl(~llP(l e.p~ GO~'."'nrSl'" CoPI
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-/
. . .
,
NWML$ >CnT\ NO, 21 It! Copytlgnl 1997
Ra':i.idantiOlI Pu'ch;Js~ & S:lle NMhvl".1 MUIUple Lilting Snrvic.n
Rev, 6/97 ALL A.IGH1S A.ESERVED
Pege lOr 3 psoes
RESIDENTIAL. REAL ESTATE PURCHASE AND SALE AGREEMENT
THIS AGREEMENT AFFeCTS you~ LEGAL FliGHTS. YOU ARE AOVfSt:D ro SEEK LeGAL ADVICE BEFORE SIGNfNG_
"'"'d d ~ k P31e: at.! 8- Ie; - 1Q fL- 1
The Buyor. C a) tlle ., _ a ' '--1'Jm.. -ax- - _ ~ ~ agrees ro buy 2
and Seller agrees to sell, on tM tOllowln!] terms, which conslilulll Itle er,llre underslandlng 0 Ihe parties !lnr! ~]Jrer~ene 1\11 prlor or contemporaneous understandings end 3
(epreSamalions.lheprop~c. L'~~~ ._, 4
City or 4A A" 9lf3/ 2 leg311y described (\
Wesatteched Oesfollows _~ t~ 1'l7;!..a.rh~
7...-9- y .:;tf_~~ OO~.-O/3..LJao,1
(BUyer and Sollor aUlhorlze Selling Licensea or Closing Agent la iMcn or correcl. over I), i . 8
an the realee~a:e compenyn'f!11 IdfJtlqr6. 9
1- 10
11
~. METHOO OF PAVMENT. 12
~. FINANCING. This offer )it is U Is nOr conditioned on Buyer obtalnlne a 0 ConVention,,! ]il FHA 0 VA purcMse loan. (If It is, ~tfacrl NWMLS Addendum 13
No.22A.) If thlSlransectlon In~olves Sellf'r fi~en anach NWMLS Addendum No 22C (Paymem Tf'rms) 14
4. CONTINGENCY, This agreement ~ IS condhlOnea otllne sale of Guyer's home, (lIllis, allach NVVMLS AddandUm No 22B) NOTE CAREFULLY: If 1S
1M Properly IS sUblmcl to a prinr oHer, attach NW LS Form 39 (SIlCOnd BUyer's Addendum) or NWMLS Form 3eA ("8ack~up" Addendum) 16
S. INSPECTION. This Agreement: 17
1tf Is 1JIr;nol conditioned on an Inspection of the prnperty ~nd il~ Improveme01", (If it is, 3tt3ch NWMLS Addendum No, 35 or olher Inspoctlon Addondum.) 18
The perties ecknowledga thallhe Listing Agenr and Selling Licensee have no expertise on Ihese mailers, and recommend Ihe above inspections, 19
~rRIGHT TO FARM AND RIGHT TO PRACTICE FORESTIlY DISCLOSURES (Snohomlsh County Only), The property 0 Is 0 Is nOI "deslgnaled farmland" or 20
sltueta<1 wjthln 1:100 leet 01 'deslgn,HSr:llarmland" In Snohomish County, Washing lon, (If Ii Is, anach NWMLS Addenaum No, 22G or eqUivalent.) ThO property LJ Is 21
o is p,OI "de1ignau!ld forest land" or situatad w,lhin 300 feet ot "designatad loreslland" in Snohomish Coun~y, Washingron. (II it Is. allach NWMLS A(ldendum No, 22H 22
or e<w v~lent, 23
6" UTILITIES. Selllor warrants Ihat the property is connected to a: )!q public weter mHin Dwell ~ public sewar main o seplic lank o none ollhe foregoing, 24
6a. PAYMENT OF UNPAID UTILITY CHARGES. Guyer dllU Selle,.; )( a. DO NOr WAIVE 0 b. WAIVE Ihe services of Ihe Closl11(l A~eflt in diSbursing olosinglunds 25
necassary to satisly unpaid LJI11Hy cMrges affecting Ihe Property pursuanllo RCW 60_80, If 'do nOI waiva" is checked, Ihen enech NWMLS Form 22K ("IdentificatiOn of WHilleB" 26
Addendum)- If neither box is checked. then option "a" ~PpIIQS, 27
1. LEASED FIXTURES. THE FOLLOWING rlXTURES Ar:\E LEASED ):lit none 0 fumece 0 ges conversion burner 0 hot weter heater 0 other:_ 28
. Any leased lilttures ere included in Ihe sele end SELLER AGREES TO ACQUIRE TITLE TO 1);E SAME PRIOR TO CLOSING, 29
8. CLOSING OF SALE. The CloEing Agent sn~1I be LA II d 7;"1- J..e or such other clOSing agent as Buyer shall deslgnale, 30
. ,19 ~orsOOnerbya9r99m8ntoflhQpanl~S.
It paragrapl'I.ol above Is nOI condilloned on S~18 01 BUyer's Mma mls sal9snall be closed on (J9Ct!- /-r 3'
If paragraph 4 above Is conditioned on Sale or Buyar'S nome thiS s~le snail 00 Closer:l aays (10 aays II nOt filled In) allercloslng the sal8 of Buyer's nomo 32
or days (30 If not IIlIed In) atter Buyer's waiver ollhal contingency, or sooner by agreement 01 fhe parties, 33
9. I'IRPTA .rA)( Wrrl-lliOLblNG AT Cl.OSING_ The Closing Agentis InwuctedlO pre para a cenification (NWMLS Addendum No, 22E. orequivalem) thaI Sellerls nar a 'Ioreign 34
pereon" within the meaning ollhe Foreign Invesunanlln Raal Property Tax ACt. SGllcr agrees 10 sign It'iIS cenlllcatlon. II Sellcr is a foreign porson, aM lhls lransacllon Is 35
not olhelWiSo Qxempt from FIRF'T A, Closing Agent IlllnSlruclec! 10 Withhold and pay ,he required emounl to the Internal Revenue Service, 36
10. POSSESSION. Buyer shall be !lntltlar:llo possession U on closing ~ at 9:00 PM on the -1.Q~ calendar day aller closlnQ 37
o _ "Closing' means the dale on which all documenls ara reccrd~d <lnti IhD ~alD procll"ds '''" available 10 Seller_ Sillier agra"s 10 36
m"lntl;lln the property !lnd Included appliances in lheir pressnl conr:lllion. norm~1 wear ~nr:llear exceplea, umll Buyer IS entlUea to posseSSion, 39
11. AGENCY DlscLoSUI1E. Allhe signing of lhi~ Agrel'ml!n!. the Selling Licensee ,.J.8.A1_~-1V-~~:t:~" q ~ /') l.~~ 40
(lnsort n~me of Li nSOa Qn Iha 'Qrn~~ny ~m. 0$ lie n$od)
:::::I~::aAgen~ JlZJj S~ ~~/ ~'nirt Selie 8uy r. DOlh'Se e -n~rneitllersliei~~o: ,BUyerl-"~,'~',~-' _,_u -,=~--- ' 41
42
'1 ( (,nSetl name Q cenae e I compan oem ae IIcenead)
represented (11"011 Sallar. 01 bolh'!ra1lel anaBuy&r) .--- 43
II Sellll'\g LicenSoQ ~na Lls~ng Agenr 3re different salesper~on~ aHIII:lled wirh lha seme Broker. Then both Buyer and Seller confirm their consent 10 thet Broker acling as a dual 44
agllnl, If Soiling I..lcensoo and Listing Agent afe the same sale~pereon representing both peniee then both Buyer end Seller confirm Iheir conseollo lhet ~elespereon and hisl 45
her Broker aCllng as dual agents. Buyer ~nd Sellf'r confirm rf'Ceipl 01 Ihe pamphlet enli~eo "The Law 01 Real Eslate Agency" 06
no, COMMISSION DISCLOSURE. NeitherLisling Agent nor Selling Licensee is receiving coltlpansarion ltom more th~n one p~rty 10 thiS tr~ns~c(jon unloss otherwiSe slalod 47
on an anscnea Mcenaum, In wOIcn case Buyer ana Seller consen! to such compensation. 48
12, INCLUDED ITEMS, Any of 1hf' lollowing p~rsonAl rmpl'ny 10C~TAd in or on Ihe propeny IS included In Ihis sale: buill.in appliances: kilchen sloves: wall-Io.wall catpeling; 49
CLJnains, drapes and all olher Irvii'\aolrv treatmetlls; window al1d Claar screens; awnlnt:js: slarm doors aM wlnaoWs; Installed television anlenl'\aS; ventilating, air conCllttonlng, 50
and hearing equipment; wood MoveS: fireplace inserts. doors, gas logs end gas log lighters; irrigation lixtures and equipmenl: eleclric garage door openers: waler heeters; 51
installod electrical fixtures: light:; ~nd light bulbs: shrubs, plallls aod troes: hOIIUbs: and all bathroom and olher IIXlures, 52
13. CONDrrlON OF TrTLE. Unless OIherwise speciJied In this Agreement. title \0 the pmpeny shall be marketable elclosing. The follOWing shell nO! cause the IIlle 10 be unmel1<alable; nghts. 53
reserv!ltions. covenanls, conditions and restrir.lions prf'sen~y of record and genaral to the area: easemenlS ~nd encroachments nct materially affecting !he value of or unduly Interfering . 54
wjth Buyer'S reasonablll use the property: and reserved oil and/or mining rlgnls. MOnetary e~ nOI assum er 5 all be paid bYlhe Seller on orbelore closing, 55
INITIALS: BUYE:R ..... _.., " BUYER LER SElL.ER $6
WHITE-Selling A!l"nl'~ Copy GAEEN-EStfOW Copy CANARY-Purthasets 2nd COpy GOU}--Pur;hS88r'8 lal Copy
CCO~ a Tep.l<OlA TTS U02lS '1 uqor t9LSZ6909C XVd to:60 ilHl S6/0Z/S0
. . .
.
NWMlS Form NO_ 21 '" COpyri9~ll09'T
Rc~idc:nh;)l PLlrc"e.!~ & 5~lc Non"w~f!' f'<r1Ultipi..:: lis.l'"g SelVi~
HM.6/97 ALL AIGJ1T3 RESERVFf)
Popn 2 nl ~< P~~e~
RESIDENTIAL REAL. ESTATE PURCHASE AND SALE AGREEMENT
(CONT/NUED!
14_ TITLE INSURANCE. Seller auli,onzes Lend"l Or Closing Agenl, al Seller'!\ "');.pense. to apply for ~ standarCl 10rm buyer'~ policy of tille in~umnce with h7owner'& 57
iJn;Y.rOlCcliOn annl'1n"lion prOleclio,\ endorSe"1enl~ if available ,'I no addllion:ll cosL The litle Insurance poliCY is to be ordered lhrough l.AIJ 58
~ 11110: company, ::;"i(l company 19 [0 Send a copy Of me prclimlOaryCommilment lherelor 10 bolh llgtlng Agent and $elling Licensee, Tho $51
PrCliminary com"1itment. aoo Ihlllille poliCY to be issuad. ahall tonlarn no exceplions other Inan lho Generel EKCIUsions and !;;'J((:oPlions in said standard form :lnd Special 60
Exceplions consislentWilh tha Conolllon orTille here.n proVIded, Iflitle (:'1Onot be m:)d(' 50 ,nsurable prior to the clo~ln\l dale. then as Buyer's aole ana eltclusive remedy, 61
the earnesl mOMy shall. unless Buyer elecl$lo warve such d;,recls or ancumbrances. be "'rl'Med to the Buyer, lass any unpold cosls described in paragr3ph 27 hareof, 62
and ftllS AQrllemenl !\hillltharaupon b~ l(orminated_ Buy~r ~h.,11 have no rightlo spaciflc p~ri'orm~nce or aamages as a conseQUcnce ofSeller's inability to provld9 Ineurabl... titlo. 63
15_ CONVEY ANCINC/PERFORMANCe. G4
WARRANTY DEcO, Tille ~h.~1I b,~ conveyed by Jl Slalutory W3rr:1I1ly Daed, H Ihis Mrcoment is for Conveyanca of a 6uyor's jntere~t In a Real Estate Contract. th... Slatutory 6S
W:lr1:lnly Deed shall include a Buyer'~ "ss/gnmenl or Ihe contract sultlclenllo convey after <>cquired lille. 66
SECURITY. IflhisAgreenlenl is for sale on eilhcr a Raal ESI~\~ COl1tractor a Nolc secured by Deed of Trust. Ihe parties agree 10 [he FORM(S) ATTACHED HERETO unless 67
:In inslitution prOvrding finanCing requires differenl forms, If Real Est:lh, Conlract Form LPB-44 is BtlllChod herelo, only those optional clauses in that form required by the 68
lerms or lhis Agraemeht !ohell apply, 6ll
...IABILlTY FOR PA YMENTS_ The holdar is enrirl..d 10 coiled payments on a Ra31 E:~IOlC Contract or Not~ EVEN THOUGH THE BUYER ABANDONS eM/or offers 10 quit 70
claim the property 10 Lhe holder, 71
PERFORMANCE. 'rime is of Ihr: eS5cnce on thiS Agreement 72
ASSIGNMENT_ Buyer may not assifjl1tr.is Agreement, or Buyer's righlS herounder, wilhoUI Scller's prior written consent. unlesg providad oll\ervviso harein, 73
1ft UNDERl YINC; EIIICUMBRANCES. If there is an eXI~I:J'l9 Daed of T 'U$I, ~e~1 Estate CO!'llr<lc;l, or olher enOUmbrance whic~ Is to remain unpaid after closing And liS tGrms 74
require the holdar'. COM~,,\ to lhlG sale, Buyer i'lgrees 10 pro~plly epply for 9.uoh consent and lhls Agraemenlls oondilionad on It being obtained, 75
11_ CONDITION OF WeLL Sellar w,~rrllnts !ho privale well (If <lny) sarving the prOp0rty: (a) provides ~n adequaLo> SIolpply of household and yard water, me~ling Stete Dep8f1mOnl 76
of Social Md Heallh Se,vlccs purily standards: ~nd (b) continued Usa orthe well Is alllhorized by a Stale Water Right Cortificate or ia legally exempt fron1 the roquirament 77
of a Certificale. 78
18, CONDITION OF $E~TlC SYSTEM_ Scllcrwarranl~ Ih,1[lho sephe systeM (if ~ny) serving Ihe property is: (a) In gOOll working order ano Seller haa no ~nowlodga of any needed 79
repalrSi ..nd (b) 15 currently nol in viole[ion 01 ahy governmental, Ileallh. consln)ctlon and other stand~rdli applicable La the property_ SO
19_ SALE INFORMATION, The Listing Arlenl Or Selling L1cehSCt'IS authorlz"d 10 report Ihis Ag,e.,mcnl (including p,;ce.lnd ~II terms) 10 Ine MUltiple Listing SelVice lhat published 81
It af1d 10 It5 members; r,"'~lIcing IOstitulion~; APOr<'lscrs; and anYOne elso related to IhiS $"Ie_ Buyer and Sellar aulhoriza allleMms. cloaing agents, Olppraiaera, 11\ler :nsurOloce 82'
compsnle~, aM othars relaled 10 rhl~ si'lle, 10 furnl3h Ill" listing Agenl anct/or Salling Licensee, on roquest. Any and all information 3nd copies of documents concerning the 83
StalUs, progress and final d,sposilion offinRnclng. "ppraisal. clo~IJ)(), lille condition, snd ilny otharmaller ooncorning this sale,lNCLUDING BUYER'S CREDIT REPORT, (FHA 84
regula Lions prOhibit lendarg gilllng credit informallon 10 ~nyona on FHA 10;1<1s,) 65
20, SEATTLE ~EQUIRI:MENrS. tr the property IS II' the Cily of Sealll... Sell,'r agrees 10 COmply With lhe following Seattle ordinences before closing orth.s :iDlo: (a) deliver to 66
Buyer Il Cartificate of L;')n(t Usa and Local A~~<:~smcnls (no[ 3p~1Ijc..ble fo single lamlly dwellings nol represented 10 be a 13Wful site for more Ih3n one dwelling unit), and 87
(b) U,L ilpprOvM ~moke deleC[ors ~rollnslalled Only Ih buildings cOnetrclc[od before 1980 "'''y the 6moke deteCtors ba banery POwt:Jred_ 88
21_ CLOSiNG COSTS ANb PRORATION_ Seller and Buyer Sh311 each pay one-naif ot escrow fee unless Ihis sale i~ FHA or VA financect, In whiCh caae it ~hall bo paid 81)
according to FHA or VA regula[lons, Seller shall P3Y real oslele eKClge ~~x. Taxe, for tho> outrenl year, renl, InlereSt, and lienaDle homeowner'e association duel> shall 90
be proratod BS of clOSing, Buyer agrees 10 P"y Buyer's loal' co~ts, including Creall report. appraisal Charge and mort02l0M's tille insuraf\ca, unless provided otherwin 91
;n Ihis Agleemsnt. If any P:lYmenl~ are dellnquenl on encumbrances which will famain aner Closing, Closing Agenl is inslr~Clecllo pay lhem "t closing from money dUe, 92
or 10 be paid by. Sollsr, Buyer 3grees to pily fOr rem31nlng oil [n fual tank If, prior 10 closin'l, Seller oblaina a wrlllen S[alament a~ to !he Quantity enel currelll price from 93
the supplieL Seller <l!1rcGS 10 pay all ulllily chllrgas (including 1mbllled charges). BUycr understends lhilllha Listing Agenlllnd Selling Lice<1see are not responsible ior, 94
or to Insura p<>yment of, Sellen Uti Illy "harge~, 95
22_ INSULATION - NF.:iWCONSTRUCTION, /tlniS 1$ newconscrucllo<1, Fadsral Trade CommiSSion ReguJslioh5require the followil19lQb~ filled in: (1fIns~latiOnjs nOlyelselected. 96
FTC regulations require Seller 10 furnish Buyer the Intormation belew In writing as soon as aV3I1ablo.) 87
WALL INSULATION: TYPE- _ THICKNESS: -----:.-~.\iALUE: 9$
CEILING IN$lJ~^TION: TYPE, ~ THICKNESS: ~ R-VALUE: ~ !l9
/-- / /
OTHER INSULATION DATA: 100
23. NOTICES AllltI COM PUT A. TION OF TIP,\E, Unleso oll1~rwi~e ~pccified, any nOllc~ required or perml1l0d io. or relaled 10, Ihls Agreement must bo in writing end sl9n~d 101
by l'ny onll Buyer or Seller (including ellher hUSl>Md or wife), Seller dvpoinls Listing Agenl as Seller'~ lloent and Buyer appoInts Selling Licensee as BUyer'e agenlto 102
receive notices and all ather dOCllmcnts relating [0 thl~ ,,,,nsaction that r'ltoy bu delivered from one party 10 the omer. Including but nor IImiled 10 Seller'g Real Proparty103
Transfer Di~CIOSlJre Slalemenl (RCWo4,04). condominium re:s"lo certificate!!, land registralionsanel any addilional wrinen notices. responses or communications relatlng104
to such documents, Tile party lo whom a nOllce or any olher dOCUn1el1llS directed ~hJlII be doemed to have received and to have knowledge of the contents of the notica10S
or d(l~LJrn(;nls upon recelpl by or "llhe office of Ihe p3ny'. "ppoinled agent. Aoy time limit SPpllClible to a nolica Shall COmmence on rhe day rOlloWing receipt oflhE> notice 10B
by the appointed agent Or party, and Sll,:lll eXI)lfe "t9:00 PM of Ihe last calendar day of Ihc speCIfied period or lima, unlesslhe d3Y Is a Saturday_ Sund~y or lagel holiday107
as dehned in RCW 1,16,O~O, in which evenlthe rime 11,1,,/ ~h~11 expire on the next business day, Any spocined period 01 rive (5) days or le~s shall include Dualness Clays 108
only_ SELLER AND BUYER MUST KFF.:P 'rliEIR APPOINTED ^GENT ADVISED OF THEIR WHEREABOUTS TO RECEIVE PROMPT NOTIFICATIOlll OF RECEIPT OF 109
A NOTICE. SELLING L1CEN!~c:r:: AND lISTINC AGENT H^VE NO RESPON$lelllTY TO ADVISf; OF RECEIPT OF A NOTIC~ BEYOND EITHF:R PHONING THE PA~TY OR 110
CAUSING A CUPY OF THE NOTICE TO ee: DELIVERED TO THF PA~TY'S ADDRESS ON THIS AGREEMENT. 111
24. FACSIMILETRANSMISSIOJII, ~,:lc$lml'" "~nsmlss[on or III1Y s'l'ncd origlnlll (loClJmC!ln1. and relraMnllsslon of any signed f;lcslmllo tranamission, shi'lll be the seme as delivery 112
of M anginal. Allh.e: '~q\)CSl of either pany. 0' tlrl' Closing Agent. Ihe p~rties will confirm I~cslmtle Iransmined Sl(lnlllures by signing ~n original doeumenl. 113
25. BUYER'S FUNDS TO CLOSE Buyer rcple~Gnts Iha[ Buyer Ms suffiCient funds 10 close Ihls sale In :lCCOrd1lnce wllh this Agro<lment. and .a not relYing on ~nll.\genI114
source of funds or glfl~ unless expressly sel r('l"h .:'~"where 10 thl~ ^(lr<:emenl. ~s
~8. ADDENDUM~'i'ddlllon 10 ElI~t'1 ^<ldendums ~.d ~~Agreem~lne rOlio""~dendums ~re at~d herelo: 0 None )l ~ 6
_ :;!!1. A - ::J:;J J - ~ ~ '~ - 11T
WI}~"$c..c~oJll.6 ~.r oS ",
INITIAI.S: BUYER. .. __ I3UYER __ _, SELLER ^_ 119
VlHITE-Sollin9 Agent'e COpy CI'1EEN-EsCirOW COIlV CANAFl'l'-Purcha~e". ~nd Copy GOLO-Pufclleset'~ l$t Copy
tCo [2] arep.1aA ns UO;)S "1 uqor t9LSZ6909C XVd 90:60 nHJ. S6/0Z/S0
" . .
NWMlS r:-otm Nn. ;, @ Copyrigh' 1997
Rf'~idlDnh;),l P:I'CrJA80 &. S.~IC' NurlhwoJ.l MUllIplc L1:mnQ SCrvlC'O
kOll, sm7 ALL RIGHTS RE:SERvEO
P.<,~ 3 or 3 P~~e< RESIDENTIAL REAL ESTATE PURCHASE AND SALE AGREEMENT
(CONTINUED)
27. ~ARNeST ~~CEI earnl'$l money, in the lorm 01: Cl CMh ~r:r"onal cheCk 120
payablo \0 , LJ Proml~$Ory note dill! ~, , 19 ._ and payabla [0 121
o Other 1(\ b" hcld: 0 1:Iv the Cl03ing Agenl i:)'ln Selling Licl!nsee's Broker's Pooled tru:!1 account (With interest paid to Ine 122
Washington Housing "UM), Selling Licen$ec may, howevef, Ir~nsler the tl<lrnest ml)ney 10 the Cloglng Agel'lL 1~J
Iflne c~meSI monp.y I~ 1('1 bc hold by S",II,,,y liconsee a,'C1I~ over $5,Ouo. il '>hall be d"f,losited 10: o SEllling Llccnsee's Broker's pOOled trusr aCcount D A seperalo Irus\124
account In Selling Llcen3ee's Elroker's n8111"', with the i(\[l'res\ credlteCl III cloSl(\g fa Buyer/SeliC! (sl,ll<e one) wnr>se Sociel Socurity (or taxpeyer 10) Number is: 125
It Ihis sale fall~ 10 close, whoevor is e,'I;II"d 10 the earnosl money IS entlllf>(1\o Ihe imerGM, 126
Sellln9 Licensee sh~1I not deposit ally clk<;k until Buyer 3M Seller Il~vo) signed rhls Agreeme~l. Buyer agreos to pay financing and purchase costa Incurred by ll\.Jye>r. II 911127
or part of the earnesl money Is to be returned \0 Ol,lyor and 811Y such COSIS remain un(l<ild, the Selling Licensee may deduct and pay thom therefrom. 12B
28. Dl:FAUL T A.ND ATTORNEY'S F&ES, In the event !luyer feil~. Wllhoutleg(ll oxcuae, to complete the purche.!.e or Ihe Property, 1hen {check one}: 129
o ll. That portion Oflhe earnest money whiCh doee noreltclled ~w percent (5%) or (he purcnasa pnce shall be rel/lIMd by Seller as liqu)d<lled dem~90s (subjr:Cllo Seller's 130
obligalion 10 pay certain costs 8M a commission under Seclinn :}1 below) and as the sole and excluslvo remedY ~vailable It> Seller lor SUch fall~r'l: or 131
.Ii b_ Seller may, at Seller's Option, (a) keep 35 liquidaled damages all or" portion Of [he eerne91 money (subJoct to Seller's oblig81lon to pey c9rtain COsts and a cr>mmission '132
u~der Section 31 below) as the 90le 3nd eXClusive remedy ~vaileble to Seller lor Sllch lailure, (b) bring sui[ again.t BUyer for Seller's aduel damages, (eJ bring suit to specifically 133
enforce this AgreemMI and recover any Incidentel dam~9cs, or (d) pur:sue any other righls or f\lmedies available :lllaw or eqUlly. 134
If Buyer, Seller, Listin'! "'(lent or Selling licensee mstilutes SUll concerning Ihis Agreement, inclUding. but nc.llimited to claims brovgnl pursuant \0 Ihe Washington Consumer 135
Protection ACI, the prevailing p~rty is entitled to COurl costs and a reasonable allorney',~ reo_ In Ihe eVent of Irial, thc amount ot the eLLOrtloy's tee snali be fi~ea by the COLlrt, 13S
The venuo of any ~ull Shilll be> the counly In which Ihe Property is 10CIllcd, 137
If neither of the i'lbove boxes is checked. then Op,lon 'b" applll>~. 136
29. COUNTEROFFERS. If ellher PMy makes a futloro oounterol(er, the olhl>' party shell i);lve until ~:OO P_M. on Iho ~ day (if nOI "lied in. Ihe sacond d:\y) following ils 1J9
receipt 10 acceplthe COUnlerorrer, unle$S sooner wilhdr",,-,n, A COU'lleroffer or acceptance IS nol effective until a signed copy is recoived by or <lIthe OrriCo of the Olher party's 140
ilgent for the purposes of receiving notices, as provided in SectJon 23, If the COunteroffer is nOltlmely acceplcd_ il ahslll~pse end th" earnest money snail be refunded 10 141
the Buyor. 142
30. AGREEMENT TO PURCHASE AND TIME liMIT FOR ACCEPTANCE. Buyer offers \0 purch3se the properly on lh~ ~uove terms and condlllons, Seller has unld 9 PM 1 d3
of 0'1 '~ I ~ - 19 ~ 10 a=>/.lllhis offer (If nOI filled in. the day following !he last Bwer signature d~ta below). AcceptanC6 is not effective Until 1 <14
a signod oopy tle ctu Iy fllcoived by or allhe o1fice 0 ling l1canaee. Ir Ihi. olfer 1$1'\0150 e~pled, rt shalllapsl!l and Selling Licensee S allZlo.in Ine eamest m~r(' 145
BUYER bATE ~ 1Q 146
BUYER DATE 19 141
BUYER'S PHONE; HOME-3(,l!>- '{3 (./-7 Vb Y OFFICE '-Ie;,,, _ 'Y 'tV') _ ~o"A t (lA ~_ 146
BUYER.S ADD",SS -;::: I ~~ ~ It .L- , '\; 11>"",- c!k ;.., ,,, 't ~ "3i.3 ".
SELLlNGUCENSEE . ~~ !;f 'R9 OFFICE NO, 'T'i'Lf'L PHDNE.3'7r (2)Osi~_JAX 4'7 9 Qk'33' _ 150
MPANY
ADORESS -~r~""'Joo.~ lDa- 9J-'3/2 ,_ 151
BY PRINT NAME ~~AJe.. Iv e.lLl 152
31. SElL!;;R'S AC P. ANcE AND aROKERAGE AGREEMENT, Seller egrees to .elllhc property on tho lerms and conditions nONlin. and further agrees 10 pay a commission 153
(n a lDlalemo~ omputed In accordance whn the II. ling agreement. Ihe commission shall be apportioned betwaen L.istlng Agent and Selling L.ie(msee asspecified in Ine listing, 154
If lhere it; no wrIlten !lsllng agreement. S911er agrees 10 pay Selling Licensee i:l commission 01 % of sales pnce or $ _.155
Seller assign. to Listing Agent and Soiling Lice~s"e a portion 01 Ihe sele~ proceed. equal to the cOmmission. If earnest monaI' is alnea as liquidated damages, any COSlS 156
advance -lie isbng Agenl or ling Licensee for BUyer or Seller shall be relmbursf>d or paid lhererrOm. and Ihe bal e hall be dlvldbd equslly betWeen (1) 157
~dltlr d (2) t3 elling L.leo pert ommiss(on or 1i51lng agreement. SOller ecknowlodges receipt 01 a copy 0 \lre ment, SIOMd b51th partiee, 158
SELL 19 E1 159
SEL.LER DATE 19 160
RINT SELLER'S NAMES 1S1
L.LER'S PHONE: HOME OFFiCe: 162
EL.lE~'S ADDRESS ZIP 163
LIS'l'ING AGf!N'r ~ m N L. <;~"lJ OFFICE NO, q C) 2-h PHONE: ~98- Es(t/~ FAX {p,,, - '24'1'5 164
' (COMPANY) 'i' ~-U(} /vW &..,I,T"tS /0"", ~'L.v~ ~ 165
MLS NO. CJ..&J? ~ 7 8'2. ADDRESS '-Uc.f /2..i 1J~67V.D ,
3&
32. MUTUAL ACCEPT AIIlCE, This Agreement is accepted without funll!>r change or COunternN'er Ihis _ day of ,19_ ,166
which 5hall be deemed the dale 01 mUlual acceplMce of [nls Agreemenl and all eddeMa_ 167
166
IniUels of lluyer/Scllcr (.trike ono) Initials of Buye,lSoller (8trlke one)
WHITE-Sellinll AClBnl'* Copy GAEEN-E.~rDw Copy CANARV-PurchBoara 2nd Copy PINK-SoUer's COpy GOLO-PurohAssr'S 1,.. Copy
aTap.H~A ns UO;)s '1 uqor v9LSZ6909C XVd 90:60 OHL S6/0Z/S0
SCO iii
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NIo'JMl$ Fo"" N~. 2M (JCoPyriB~1 199B
FinanCing Aoden<lum N"",,_.I Mul6ple i.leung Sel\'1C8
Rov, 7/98 ALl RICI1TS RESEIWED
FINANCING
ADDENDUM TO PURCHASE & SALE AGREEMENT
The following is part of the PUrchasQ and Sala Agreement dated --./},1 ~ 1'-1. ,19 f'i 1
between ~ I +-~_ C;) ~ ~r..o-m. p r ~ ('Sellar") 2
and ~J{, )tL-'r- d J\ ),,~~ ("Buyer") 3
ooncElming: ----1 '?, ~ ~ ~ (') -+fvh A-;IJ ("the Property")_ 4
,. DOWN PAYMeNT/I.OAN APPL.ICATION: Buye, 119roe~ to pl'ly $ Qown. andlo make appJicallon o within ~ day~ (5 day~ jf not fillad In) after 5
/nulusl accep~r'iCO of Ihls Agn!lamer'it. or 0 If this Agreement IS condilioned on llle ~ale of Buyer's nome, wl,hJn days (5 days if not fillod in), aftor 6
Buyer eallsfles or removes thaI contingency, for:l loan to pay the blll,mce of trio purcilasl!I price. 7
2. I'INANCING Dl:ADl.JNElSELLER TERMINATION NOTICE: If lluYl'lr hos nol within ""YS- days (30 days If nol filled In) after making <lllplication far a loan. 8
(lIVon nO~C8 Ihat Buyor has wal...od Ihis financing condition, then Seller may. al3ny lime thmeaf!er, sleet to terminate !his Agreement by five dsyS no tics_ If, within S c!aya 9
of Seller's notice, Buyer does nOI Yraive 1111s financing COndi~on bY notice. this Agreement sllall tarmlnale_ 10
J. EARNEST MONEY: "l3uyer has notwaJved this financing condition, and i$ unsblo to oblaln financing alter a gOOd failh effort !hen, On Buyer's nolice, 11\1$ Agree",ont ehall 11
ll!lrminSle and the eamesl mOney shall bQ refundod 10 Buyer. 12
NOTICE PROCEDURE: 'NoUc;o. as ullea above, moans 111 the manner provided in the 'Notices- Cl3u~e of lll~ above Purchaae & Sale Agr&emerll, 13
~PEcnONSIRI:PArRS: 14
pectlon May Sa Requlnld: SeUer underslands !halln order for BlJyer 10 obtain financJng, !he leMsrmay require inspections Including, but not limirea to, geneml S!nJdvnlI,lllrmile, 15
hoating, plumbing, roof, electt1C1lI, sepric 13n~ and well waler, and may tequlra !he property 10 ~mply with !he housing COde_ Seller il'greea II) permit sucn inepe(.'1JOI1s_ 16
I",peellon Cost: Seller agrees to pay forlnspections required as partor FHA ory A, bul not COnventional r.nanclng, to !he O1i:tont ellOWlld by allllficable FHA orVA regl.llations, 17
epalrt; ReqlllrOd By l.endea'Work OrtlerS"): If Buyers loan Is condillOMd on rellairs la tile property or pest oonlrol measllres. ~ragre~s t~~ the sa"'lI prior 18
o closing ,!ndla pay up to $ , bOo oflhe Cosllhereot (If IIlls blan\( Is nol filled In. !he amounl is zero.) (iLt~ rlY)~ ,;J.... 19
Repairs. ObllgatlOh To Make Whether Or Not Sale Clons: Seller ul1aerstands Ihal ea a rl!lsull of any inspection, tile city or cllunty may require Seller 20
10 make repaIrs to Ihe Droperty 10 comply Wilh tile housing COde ~"en ., a 9810 Iii not completed. 21
6. APPRAISALI.ESS THAN SALE PRICE: IfBuyer"slsncJer's apP~isill ofthe value ofll'lo propertyf$less Illan!he purchase prlca, Buyer may, will'lln three days alter rel:cipt 22
of a ropyoflender'a llppl'lllaal. give notic:e of Guyer'a elCellon to (ermlnala this Agl1lSment unless Seller, withlll tan days altar lElC$ipt ot sucil notica. Of;\IIVen; 10 SellfllQ Lialnseo either: 23
(i) (a) IflhlsAgraemenlis conc;llLlonodon FHAfinancll19, a raepprni~al bylP\csame ePpraiserln an amounll\Olless .ilan the !tSloprice or(b) if1hls Agroemant IscondlUO"8c! 24
on non-FHA Rnancing, reappraisal DY !he Sllme appraiser or snotllor appralsor aoceplable 10 tM lending Insfirullon In an amOunl nOllo$s then the sale price; or 2S
(iQ Written consent 10 roc!uce !he selling prico to an aMounl nOl more than Ihe emOUlIl specined in the llppraisal Or raappraIS~I, whlcheVar is hlOher_ (Not applicable If 26
Ihls Agreamenlls condltlOMd on FHA financing, FHA doos not PClmillhe aUYllr 10 be oDr.galed 10 buy iffhe Seifer reClLlce91he sale price 10 the appraisal velue, The 27
Buyer, iloYrever, has lne oPllon to buy at the reduClld price.) 28
If aucl'l reappraisal or clInsenllo reduction of price is nol so dalivered. this Agreemenl shalf terminale and tile earnest money sl1all ba felUlT1ad to Buyer. 29
To permit Ihl! parties tne foreoolng times for notices, the olosll'\g data $1\&11 be extellded eCCOrdingl'l_ 30
7. Spr;CIAL fHANA PROVISIONS: 31
FHA L.OAN COSTS: IF THIS SAL~ IS CONDITIONED ON BUYER OBTAINING AN ~HA LOAN. SELLER AGREES To PAY: 32
(A) SUCH PORTION OF BUYER'S L.OAN COSTS AS BUYER IS PROHIBITEO FROM PA'!'ING PURSUANT TO APPLICABLE I'HA REGULATIONS: AND 33
(B) 0 _0/0 OF BUYER'S LOAN AMOUNT O~ CJ $ TO !IE APPLI~D TOWARD BUYER'S LOAN OISCOUNT 34
(If' AN'!') AT THE INTE~EST RATE SELECTED BY THC; BUYER OR TO OTHER SETTLEMENt COSTS AS ALLOWED BY rHA, 35
VA LOAN COSTS: IF THIS SALE IS CONDITIONED ON BUYER OBTAINING A VA LOAN, SELLE~ AGREES TO PAY: 36
(A) 'THE FULL ESCROW FEE FOR THE E!\ITI~E TRANSACTION: 3'1'
(EI) SUCH PORTION OF BUy!;R'S LOAN COSTS AS BUYER IS PROHIBITED FROM PAYING PURSUANT TO APPUCABllO VA REGULATIONS: AND 38
(C) Q _,% OF BUYER'S LOAN AMOUNT OR 0 S TO BE APPLlEOD TOWARD BUYER'S l.OAN DISCOUNT, 39
LOAN Fer::, INTEREST BUY DOWN ANO/OR FINANCING AND CLOSING COS'TS TO THE EXTENT 'THAT IT IS AllOWABLE BY VA REGULATIONS AND 40
BUYER'S lOAN AMOUN'T IS NOT THEREBy REOUCED_ 41
FHANA. Appraisal Certlflcale: If tills Agreemenl is c.ondltloned on B~yor obtaining FHA orVA finilnclng. it is e,.;pras~ly lloreedlhsl notwilhs~nding eny Olhor provisions 42
of this Agre9menl, Buyer shall (lOt be obllglllod 10 complete Ihe plJrchase of the property unless euyer has been given in aCCOrdance with HUD/FHA arVA reQulromen19 43
a wrlneh slatemonl by FHA, VA. or a Diract !;ndoF1;emenllendar, senrng fonh tl\o appraised value of the propeny (exCluaing oloSll'\g cosls). Buyer sl\:111 pay the COSls of 44
anyappral$aL Ifllle appraiae(1 Value of tile property islB515 than the purchaSe prica, Paragrapil 6 above SI\0211 apply_ If Seller does not reaUCe Ihe salB price to ltle appraised 45
or railppralsed Value, or Cleliver a reappraisal:!t or exceeding the sale price, 1M Buyer $MII have haVe !he prive1ega ana oplion of proceeding with the consummatIon of 46
Ihis AgreOlnent wlthoul regard 10 the appraised value, provided the differenca in e,.;cess of Il'le appraisea value is paid in caSh. 47
PurpOSe of AppralsaJ~ TI'le appralsea valuation is arrIved al only to determlno tht,; ma~imum mortgage FHA or VA will insunl, NeilhOI FHA nor VA Ivarrant 4e
lhe value or the condlllon of Ihe propany_ 'The Buyer Should S8Usfy himself/herSelf Ihallhe price and cond,UOn of the propeny ars acceplable. 49
Load-Basta Pelnt Notice ror l"HA Loans: If Ihe properlY Wa6 constructed BEFORE 1978. then Buyer must sign NWMLS Form No. 22F_ This dOcumenl SO
mU$l be sIgned ON OR aei=ORE TI'f1:~ DATE 8UYER EXe.CUTES ANy PU~CHASE ANC SALE AG EMENT. The LiSting Agonl ahall provide NWMLS Form No_ S1
221'. wilil origInal signatura, the Len~Elr. 52
Initials: BUYER BUYER SELLER 53
DATE Jf/!L 191fDATE 191/2. DATE 19 - 54
WHITE--Selling Agent's Copy GREEN-Eol:row Copy CANA~Y-Pu'chas/lra 2nd Copy PINK-Sellor's Copy GOlD-Purcllasor's 111t COllY
'1 uqor t9LSZ6909C XVd LO:60 OHl S6/0Z;SO
9CO III arap..taA ns 11OC>S
~ ~orm No, 21. '!:i Copyright la91
. R..ld8n\1~i Purcl1U, ~ l!.I. NoMweal Mulllple LI,lIn~ ServiQu
R... et\l7 COpy FOR RIGHTS R~SERVED
P.g. 1 Of J F>egOI
RESIDENTIAL REAL ESTATE PURCHASE AND SALE AGREEMEN.I, 1" ' :nON
'rHIS AGREEMENT AFFIECTS YOUR LEGAL RIGHTS. YOU ARc ADVISED TO SlEEK LeGAL AO'/iCE')BEro~.Mi&M'tMA
L." """ -;[~#'1 ~ i) , 19 S '6' 1
,fJ..hfLA (~I L<-I ~-M~ <I
3
4
City of - , County. Wasr~M, Zlp_ legally doscrlblld 6
~ attilChed o liS follows: f
6
7
(Buyer and Soller aulhorlze Selling L1censoll or Closing Agenl 10 Insert or corroct, over their slgnaturas, the lag81 de$Cr.p~ion 01 the property,) Except In peragraph 11., 8
th. t.rm. 'LI.tlng Agant" Ind 'SllIIng Llcon.ee" moen tha rOllllt.t, company, 9
" .U"ZO..RIC.. ""p,""'~' S ~ --- 10
,
($ ~ ~ ), Including tho CIIlrnist money. 11 I
2. METHOD OF PAy,.,~NT. SEe: A-"QP~A 07~4 !
12
3. flINANC1NG. This oller ~I& CI Is nol condlllonod on l1uyar obtaining a ~onvontlonal l:J FHA 0 VA pu~aSB loan, (If It IS, attach NWMLS Addel'idum 13
No. 22A.) If Ihls IransLl.CII Involvos SllllBr fln1lnclng, IMn attach NWMLS Add dum No, 22C (Payment Tel'lrlll) , 14
4. CONTINGeNCV. This agreemont 0 Is ~ not conditioned on the Bale 01 Buyer'S home. (If It Is, attach NW~LS Addllndum No, 228). NOTE CAREFUI.I.Y: If 15
Inll ProPllrty III iubject to a prior olfer, iltlacm NWMLS Form 39 (Second allYo~s Addondum) or NWMLS Form 3eA ('6a.zX"vP' Addendum), 16
6. INSPIlCTION. This Agrellment: 17
~ a Is not conditioned on an Inllpectlon of 1M property anelllllmprovll1MlitS. (lilt Is, IHtach NWMLS Adde:'rd~m No. 35 or other Inspection Addendum,) 18
Th. partlel IIcknowladglllhlllhe Listing Agllnt and SlllIng LlcensEla Mve no C1xplrtlae on lhells mallerl, Ind rlCQmme"'Ct lhe I1bovllnllplIctlonll. 19
^,~RIGHTTO FARM AND RIG...r TO PRACTICE FORES'fI'lY DISCL.OSURI!.S (Snohomleh County only). Ths prccerty 0 I. 0 III not 'dealgn!tlld larmland' or 20
situated within 1300 feet of 'deslgnalod fsrmland' In $Mhomlsh County, Washington. (If 11111. IIltllch NWMl.S AcldtnC'J.~ No. 22G or equivalent) The property 0 Is 21
CJ Iii not "d~~,gnated forest land' or Sltuatlld within 300 feel of 'designated foresllal'ld" In Snohomllih County, Was~jr.~;on. (II It is, attach NWMLS AdClandum No, 22H 22
or equ \lalln . 23
&, UTlLm... .."" ."'",,, Ihol Ih. pmp." ,",",,,,.,,,,, ~'''' ..t.""", IJ ..11 )(o"'''''~, m." 0 ..p'''''' IJ "".t Ih. "",.", 24
61. PAYM&NT QP UNPAID UTII.ITY eHARGES. Buyer \In(l Seller: I I. DO NO,. WAIVE b. WAIVE thIIlSN~$ 01 the Closing Agent In disbursing closln funda 2~
nsCeaserylo 1IIlIIIy unpaid ulillly ohllrgelaflecling tha property pursulln to RCW 60,BO, 1I'~lll\le' Is checked, ther. al'.ach NWMLS Form 22K ('Idlntlllcatlon 01 ~1I1111'" 25
Addendum), II neither box Is checked, than opllon 'II' applies. 27
I
7. LEASED FIXTUASG. THE. FOLLOWING FIXTURES ARE LEA6~D: P' none 0 furnace CJ gas convllrsloo t:;Jr~r 0 hot walerheater 0 olher: 28 I
i
. Any lellied fixtures lIe neluded In the sale and !SELLER Ac.i A,!: E 0 ~ TITLE TO THE SAME PRIOR TO CLOSING. 2\l
S
8. Cl.OSINQ OF !lAl.i. The Clollng Agent SMII be r :K:~Olilng agel'll U BUYllr shall designllll, 30 r
1I pllrllgraph 411'OO'Ie Ie not oondltloneCl on sail! ol6uyer's home \hls !lalll shall be closad on ~ e or sooner bY agrl!l!menl of the parties, 31
If p'aragraph 4 above Ie condltloned on uls 016uysr's home Ihls sale J>hall be closed days (10 days ~ not filled In) allel ololllnglhe Sell! 01 Buyer'1 home 32 6
or days (30 II nOlllllad In) after puyer's waiver 01 \nat cOlitlnglncy, or ~ooner by Ilgreement of the pa~ln, 33 1#
II. I'IAPTA. TAX WITI1HOLOING AT CI.OSING. '(hO Closing AQllntlS Instructed 10 prepare a certlflcallon (NWMLS MdsndlJ~' ,'.10,221:, or eQuivalent) Ihlll SllllllrlB not B 'foreign 34 10
parson' within Ihe moanlnl1 01 thll Forel\ln In\le&lmenl In 1'10111 Property '(II X Aol, Seller I;Igrells to sign Ihle certlllcI11~,. H Soller la a for.lgn perJ>M, Ilnd this tranliacllon Is 35 )1
not OlhorwlsllllXBmpt from FIRPiA, Closlnll Aganlls Instructed 10 wHhhold and pay Ihll r1,lqulred amollnl 10 the Intemll Re\lenue servlcll, 36 12
~ r-
10. POSS51$$ION. Buyur IIhall be enllllod 10 pOSlie61>IOn n.lolllng 0 &19:00 F'M on tho celendar day alter ClOsing 37 )~
o ' "Closlng'me I'll> tho dall! on which all dooumentalllCl rucorded and Ihe ule ptOOellda IIIe available 10 SllIar, Seller agrllll \0 36
maintain the prOplny and InClucted appliances In their present condition, normal wear and laer axoopted, until euysr 18 iflutled to pOI lion, :'11 ~;
11. AGENCY DISCI-OSU E. At the signing ot \hIs Agrollmllnl, the Selling L1o.n.~ ~ ~ e" ~ ~ t:fJtA- 40 0
c; 'U€:o 011 nam. UC8I"..sWilI/'l . company nlm' ..11"""89 0:
reprelenled ~ 41 0'
(In81111 ~11.r, Buyor, 001 ull., and Buyer or nIlll r s.I'~ M<U 1
TM L.l$l1ng Aglnt (In.~rl Mme or~IC9n'lI~ ~M 1M compony n.mt u ....'1l.1..d) 42 \
rlpr...nt.d (IM'1\ 501101, or OOlh l:>.lIer ena Bu'f1l') 43 11
II Selllnft L1cllnllll IInd Lletlng Agllnl are dlHelent &alupar.ons alllllallld with the same Brokor, Ihsn both BUYl!r and Sel;er CCl'lflrm their conaent to thai Broker acung 8.118 dual 44 I ~
agent, I Sl!llIng Licensee and Listing Agant are Ihe same ilaleeparson representing bolh partlss then both auyer ilM Setlg. contlrm their consent 10 that Ii&\esperson and hlGl 4~ I'
her Broktr acllng ill> dual IIgllnts. 6uyar and Seller confil'lrl recelpl of Ihs pamphlet enlllllld 'The l.ew of Real Eslate ~"IC'f.' 46 l'
111. COMMISSION DISCLOSURE. Nl!lthllr Llatlng Allent nor 'selling Licensee Is receiving compensation from morl! lMn one party to Ihll tranlaction unlus otherwise slatld 47 1
on an allllch,d addendum, In which oe&$ Buyor and Saller oon..nllo such compenilltlon. 46
12. INCLUDED ITEMS. Any of tha follOWing plrsonal property 10081ad In or on the property Is Includlld In this sale: bulr..lr. appliances: kltohan stoves; wall.to.wall carpallng; 1
49
ourtalns, drapes and all other window treatments; window and door screens: awnings; storm doors and windows; Inlil3l!ed television antennas; ventilating, air conditioning, 50 1
line healing equipment; wood SIoVIIS: flreplaco Insl!rts, doors, gas logs and gas log lighters; Irrigation f1xturlls and eou~!I1t; IIll1clrlc garage door opener~: watllr hililters: 51
Installed ello\rlelll fixtures; IIghlsllnd light bulbs: shrubS, plants and troes; hot tubs; and all ba\hl'oom and other lixturas, 62 \
13. CONDITION OF Tm.a. Unless olherwlse specl!led In thh; Agrellment, tille to tM property snail be n1a~olabIB al cloliing, 11'\8 tc'!c,l.\ng shall not caUSlI the We to ba uf1ma~etable; nghtll, 53
l'el8rvutlonli, covenant!, condlUonlS end restrlcllons presently 01 record and general to the area: easemonts and encroach!Mrr.s roo( rnatenlllly IlHllCtlf19 the valul! 01 or unduly Intl)rll!~ng 54
wlth III Ulie 01 the prope rese.rvBd oll,anG'or mining rlghls, Monet/II)' er\\:umbrllnces nol !ssum8d ty e.wiSf' o! bl paid by the Siller on 01 before closing, 55
SELLER ~ -j, t1- SELLER 56
~ ~ ,... J, ~,. ~\t ,.., "._..... w ..'.. "'~II ,.........,. nlllolll .e..:'...'.. ............. ~"il T"'\ r",,,,"'k""I'I~I.. -1.t r""nnH
;;; SS8:::6L1:>9:::;;; V~~ A1.1V~~ .~: :::0:: : 7 S: (~V:3 ~ 86 , :;",v,-
"id9nlllt PlJfOI1Ut ea JlllO
r\.II,6/G7
Pogo ~ o~3 POQ8I 0
RESIDENTIAL REAL ESTATE PURCHA5~ AND SAl.E AGREEMENT
(CONTINVF.O)
14. TITLE INSUI\ANCE. S.lIor Dulhorl~oa L9nd9r or Closing Agonl, et $oll",r's oxponsG. 10 apply for a Mandard forM buyer's policy of tilla Inaullll'lM, wllh hOM90wnor'& 1\7
""):';(t)p od' "",,',, ,,,,,,II,, "",u",," " ",".bI. ""' ,"iI'"'' ".1. Th, ,m, ""'"'' """ ,.. b. ,,'.M' .""h "
11\10 company, Said oomplny Is 10 .,nd I copy or Iho proJ\mlner)' commllmenllh.r.!.:>r 10 bolh LI,,\lng Agont Bnd S&lIlng L1cans911, The 59
prellmlnllry commllmenl.llnd Ih9 lill. policy to blllslJued. shall conlaln no I)\oepllon& olhor thIn Ihe General Exclus1on$ sr'lcl tlCC1'Ipllons In said II/lndllrd lorm IInd Spoclal 60
Excttptil;>n$ conlllll\anl wllh Ih. Condlllon olTlIlB herein providocl. If Iltle cannol bo m.ll;lo 80 Insurable prior 10 Ihe closing date, Ihen 1\1I Buyer's &ole and exCIUlivo rllmlldy, 81
IhflllarneBl monflY Ihall, unlns ewer alllct. to wlllve such dttfects or enoumbrancu, bl rolundod to Ihe Buyer, leu any unpaid CO&lll datlcrlbld In paragraph 27 herElof, 62
and Inl. Agrllm,nl.hil1 IhereupOn bOlermlnated, a~yer shall heve no rlgnl to speclnc performanoo or tlElmaga6 !is a con6BquMoa of S,lIo(llnablllly 10 provldelneurablEl \iUe. 63
15. CONVEY ANCINO/PERFORMANCE, 64
WARRANTY DEED. Tille ahall b, convl.lYl.Id by a Stalutory Warrar'lly Doed, II this Agreoment Is for conveyanoe of a Buyer'& inllrllt In I R"l Estele ContrOicl, \ha Stalutory 65
Warrllnty Oled Ihalllnclude II Buyer's auignment 01 lho contract BuffiolBnl 10 convoy all81llcqulred 111113. 66
aecutmv. IflnlsAgrllmlntls fQr $$19 on ollhllJr a Real clllale Contract or a Note !Iecur9d by Deed olTrust, thO parties agree to the FORM(S) ATTACHED HERETO union 67
..n In811tu\lon providing flnanolng requires dlflerenl forms, 1/ Real Estllle Contract FQrm LPB-44 Is attached nerolo, only thOIlO opllonill clausell In Ihst form raquirod by Ihe 118
tlrml 01 Inll Agrelmonlahan applY. 69
LIABIL.I,.y fOR PAYMENTS. The holder Itl &nlitlcd 10 coli oct pllymonls on R Real ~slale COr'llract or Nole EVEN THOUGH THE 13UYE:R ABANDONS and/or oHors 10 quit 70
cllllm the propertY to Ihe holdlr, 71
PERFORMANCB, Time II 01 Ihe oesence QIl this Agream.nl. 72
ASSIGNMENT. auy.r may not aaBlgn this Agreemenl, or 6l,1yor'a rlghta heraunder, wlthoUI SllIor', prior wrltlen consanl. unlaell prol/lded othlrwlsll nereln, 73
16, UNDERLYING ENCUMBRANCES. If Ihere Is an exlll\ing Of;led of ir\lsl, Roal Eslata Contract. or olher encumbr$nCe which 1510 remain unpaid IIl1er closing and Itlllerms 74
M,.'M th. ,.."" ",,,,,. .,. ",., ..", ......10 ,,.m,., "'" ,,, ..,h "''',' '" .i. ^"""ool ,. ""","00" " "b.", ,."."",. "
17. CONDITION OF WEI.I.. Sl;Illerwarr:lnlllnl prlvalo well (If any) Iletvlng 11'10 proporty: (II) provldell an lldequale lu~ply of household and yard waler, meellng Slela Departmenl 78
., Bod., ,,' H..lth S,.,,,. ,.," .""",,,., ,,' tbl ,,,","" .... ".. w.n " ..""'"",, b,. SO" W.,,, R"hI c.~,..",," ""Iy .""" ,,," ".. ""'lOm,,' 77
! 01 fl Cartlllaatl. 7&
18. CONDITION OF S~PTIC aYSTEM. Sell,rwlIrrllflla thallhe lopllo IYilem (1II1ny) allrvlng (he propen~ Is: (a) In good working order and Se\larhaa no knowledglt of IIny n..ded 79
repal,,; and (b) Is currently nolln violation of any governmental, hlltallh, conilrUcllOl'llnd olher 8tandllrda eppllO/lllllllO Ihll prop.rty, 80
111. aAI.E INFORMATION. The I.ls\lng Agenl or SllIlng Llcen6ol,lls llu\horl<t6d 10 raport this AgrlOmenl (Including price and $lIlarml) 10 Inl Mulllple Listing Service Ihal publiahfld 81
It and to "a mllmbllra; finanolng InllllUllonai I'lppralaar&; and anyonollll rllllted 10 thla I,IlIle, Buyer and Saller aulhorize 1I111endera, closing agenltl, apprlliurs, till. Insurllnce 62
"""""", ,,'" ,.." M"'" "'." "", '" ",'.h ,'" U.Ilo, A,,,,,,,,,, S''''o, """',,, 00 ,,,,'''', '" ", ,,I """",.,, ", "".. of .."moo" ,,,,,,,I,, th. "
" &t1l1UII, progrlla Ind nnal dlspaal\ion atfinanolng, appralSllt, Clolllng, tl\lll condlllon, end any olnllr malter concernln\l thla &ala,INCLUDING BUYER'S CREDIT REPORI, (f'HA 84
~ regulatlon& prohlblllEll'lClar& giving crlellt Informallon 10 anyone on FHA lOin) S~
II 20, aEATTLE REQUIREMENT8, If Ihe property III In tno City 01 Seattltt, Sellttr agreel to oomply wllh thll following SoaHla ordlnllncOl before closing of Ihlll llala: (8) deliver 10 BE
..y" , C._" " w, U" ", "'., A.....m"" t,,, ,,,,,,,,,, I<> .,,,,. ""I" ,,,,,Ii,,,,. ," "p"""'" I<> " · 'owfu' ." ,,, m.M 'h" 00' ".11'" oo"l' ", "
tbl U.L. .,,_, om'" ,._" '" ,,,,,,,.,. 00"" '"""'" ,,,,,""'" b.I<>" '''' m" 'h. ."", ,,""'" b. ..".~ ,"'M'. ·
21. CLO"OO COSTS 'OD PROIlA TlOO, 5,.., Po, B.,.. "," ",h ,., ".-h." " ,,'lOW'" 00'''' th" ",. " FHA" vAn,,,"" " ""',h ,... " "." .. ",. B'
"",",'" '" FHA" VA ",.,.11"". S. II.. .'.11 p., m" ..,.,. "".. "',. T.m ,,, .. ,"'10" ,..., "of, """",, ,,' II."". Mm'"'' /. .." 0.11" ,." ."'" ·
.. ,.".,'" " ""'''''' ""'" "lOO' " ,., ".,,1. "''' ",", "0""'" ,,,'" ..,,", "",.., '" ".. ,,' mort,. ,..'. "". ,,,.,,,,,, 00'''' p"'"'' ,th ",.'" ,
',.i.."'''om,,'. II ,,' p.,m,," .M ..,,,,,,, " .".mb"".. wh'''' w"'"m'" ,""'"'''' C,,,,,, Atl'" " ,,,,,",,,, I<> p., th.m .1 ""'" '10" m,," '"" ,
,,', b. po" bY, """" ".,"' "10" I<> ,., ,,, ""."", .11" ,,,' ,,,' II, p""" "",,,, .."" ,bO'" , .~,,, ",'.moo'" '" tho ,'"IIIY ,,' '",M" "i.. .10" ,
th, ,"",,,.. """ "M" " '" .11 .,,", ,h'm" t '"'''''''' "" blll" 'M" "l. . "'.. 00' ",',,', 'h., .. LI ",'. ^'," ,,' ""'0' L1""e. 'M ,of ...p" oJbI. '''' ,
;1 "I<> ,,,.M ,."..,,,,,80'10',"11111' "'m". - . I
;-1 22. INSULATION -NEW CON$TRUCT10N, IIlhll Is nowconslructlon, Fedarl11 Trade Com aslon Regulallonll requlrelhe followln~ to be nlled In: (l!ln&U1a\lon Is nOI yet solected, ~
FTC regi,llatlons require Sellor to furnisn SUYllr ths Information bllow In wrltln oon llll available,) 1
J WALL INSULATION: TYPE; THICKNeSS:
il CEILING INSU\.ATION; TYpe: THICKNess: RNALUE:
OTHER INSUl.ATION DATA: 1
{',
>,; NQTICES AND COMPUTATION OF TIMa, Unletls olhelWlso speclned. any nolica raqul d or permitted In, Of flllaled I , Is Agreement mUllt bB Ir'l writing Ilnd signed'
\ I! 23.
by .ny one Buyer or Seller (Including Ilth,r hUlb/lnd or wife). SlJller lIPpoints LIIllng Agent 811 SelIOir'S agant and Buyor ilppolntll $elllng LlCln.e, III auyer's aganl to'
fGClllve no\lC8a and all olhlr documenta relllllng \0 Ihll,llrarl&l1ction Ih31 mllY be delivered frOm ona parly 10 the other. IncludIng bul not limited to Sel\ll~& Real ProPlrty'
, :,1 TrL'Jr'llfer Olaololur. Statemant (RCW 64,04), condominium rlsall cl,lrtlflcatell, lend rsgilllratlons and any addillon,,1 wrlltlln nollee., rosponlles or communications rela\lnljj'
10 IUCti documllnt6, Th'" party 10 whom a no\lce or any olher document i, directed Inall bl deeme!;\ to have raollvltd and to have knowledgl!l ollnl contents of Ihe notice
or documf1nt9upon reo.lpl by or al the omee of the pllrtY'1I !ippolntod agon\. Any \lmellml\ llPplicabll!110 a notice snail commence on Iho day following rllcalpl of Ine nolloo
,by ttle appolnl,d Igenl ar PIlr1y, IInd IlMIl expire at 9:00 PM of II HI IllS I clllllndar day of Ihe sPQclflod period 01 time, unless lnl day Is Il SllturQay, sunday or Ilgal holldllY
\ al d,nned In ROW 1.16,050, In whloh eVBnllhe limo limit shall expire on 1M 1'IfIlCt businoss day. Any spsClfi9d pllrlod of live (5) dllYll Orl9$& shall Include busineae days
Or'lIY, SelLER AND SUYER MUST KEEP THEIR APPOINiED AGENT ADVISED OF THE:IR WHEREABOUTS TO RECEIVE PROMPT NOT\FICATION 0": RECEIPT OF
A NOTICE. 6EOl.l.ING UCIONSt!.E AND LISTING AGENT HAVE NO RE.SPONSI9IL.I"IY TO ADVISE OF RECEIPI OF A NOTICE 6EYOND EI,.Ht!.R PHONING THE PARTY OR
I CAUSING A COpy OF THE NOTICE 1'0 BE DELIVEReD ro THE PARTY'S ADDRESS ON iHIS AGREEMENT.
24. FACSIMilE TRANSMISSION. Fllcslmlle trBnsml&elon Of any s\\lr'lod original document. ar'ld relransmlsslon 01 tlny sign ad factllMilelranllmlnlon, shell be Ihe saMfI al ofllivol"
\ ~ of an original, Allho roqulJl of either party, or \hq Clt;}slng Aganl, lhe parties will connrm facsimile transmlllod slgllllturas by slllnlnll an original document '
iil 25. BUYER'" PUNDS TO Cl.ose. Buyer repr,slInts tnat aUYllr has /lufflclant fundi IQ close thlll 11011;1 In acoordanc, with tM'e Agreement, and il not relying on pny conllnger
II lourol of lunda or '011'" unla&e expratl81y 8ellorth Ils.whoro In this Agreement. o None{< ?ZA.,
'i ae.
I I
.1
\
i
"\ r-ELLER ~ ,~,
'I SELLER
OREEN-Eecrow Copy CANARY-PurChUor'!1 2nd Copy PiNK-Selll'lr'fi1 COpy GOLD-PurGhllllt'. 10l Copy
I
I
S .:S:~Jv,:: SS906Li;>90Z Vl;:3 AllV31:! CII21:! zj;>.Si ~.lVS; 96 . lS NVl
P.O. 3 QI 3 P .ge. 1)1
RESIDENTIAL REAL. ESTATE PURCHASE AND SALE AGREEMENT .
(CONTINUED)
~ o~
27, EARNE6T MONEY ItECEIPT. Soiling Llc..,n~/).., BcknDwledgl!l& receipt from Buyor 01 $ ~ tam..: /'r.or"y, In tha form of: a Clllh CJ P..,rDonlll chllck 120 Q1
paYilbl.., to ~proml!laory noto duo ~A) ~ ~U'F ~ aM pa)'abla to CJ /y ,T~~ 121
CJ Other \0 be held:)(ay the Clo~lng Agenl Clio Sf;llllng L1cllnsee's Brok&r'1 pooled truat Account (wl\l1lnl.res\ paid \0 \hf;l 122\'1\
Wl!I8hinglon Houalng Fund). Soiling L1con.aa may, however, Irlnsrof Ih.., ellmosl money to the Clollng Agon!. 1/!3'
II \he &arnos\ monltY Is 10 be held by Selling Llcenso'lIInd Is OVf;lr $5,000, It shall ba doposlled to: CJ Selllne LiCQr..ee's S"'ker'a pOOled tl'\JSl account 0 A sepllrate tru81124
UCCOUn\ In Selling Lloenl..'a Brokf;lr'D name, wllh lhl!l Inuwnl credl\ud at cloBlng 10 l3uyarlSoller (.trlk. on,) wh::.,., Social Security (or tl!ll\paY8r ID) Numblr I.: 125
. If Ihls 181. falla to cloDe, whQever Is on~tllld 10 lhe eamesl money i, en~llad :.0 L...e inleralt. 1ZG
S.lllog L1cllnsee IIhall nol daposlt any check 1.10111 a\ly~r and Sellar navo ,Ign()d Ihls A\lr~llmenl, Buyar agraes to p'!y ~n.nclng Ind purcMue co~\~ Incurred by Buyer, 111111127 IIlI
or part of Ii'll 811rnnt money I~ 10 bEl relurnad 10 auy" and Imy s\lch co$la rorT13ln unpaid, Ihe Selling I.lcensea mey de-d~ol and PIlY them In.refrom. 128:01"
:la. OEfAULT AND ATIORNIiY'15 FE!I:S. In Ihe evonl Buyer faile, wi\hOUllogill ())(CUII, 10 complele Ihe purchase of tr,ll Prop.rty, \I1ln (chile/( one): 1~9'"
Q II. Thill portion of Ihe earnelll money whll;:tJ dDes nol axcaod live percenl (5%) of Ihe purchac. price 11'11111 be re~slneo ':;y Sellar sa IIquldaled damages (lubJect 10 Sallal"a130""
obllgllllon 10 pay certllin oollslnd II commlaelon undar Secllon 31 below) lIt1d ae Iha sole and elleluslvlI remedy evaRab!e to Saller for aueh failure: or 131
~. Saller may,al Seller'e op\!on, (a) keap aa liquidated dem(lgoe all or a portion of IhAlIameet monoy (subject \0 SaUar'! obllgallon 10 PIlY certain coals and il commllllon 132 f
under Seollon 31 below) IIlJthe selo and exclusive remedy IIvallobla \0 Sailor for such failure, (b) bring suit egeil'l8l Bi;yor r~ StJler'llIclual dameges, (0) bring lull to spoclncally 133
enlorce this Agraemlnllnd recover any Incidental damagll, or (<1) pursue any olher rlghl. or remedleDllvBilable al ~w Of .qulty" 134e'
If Bl.ly~r, Seller,llaUng Agent or Selling Llceneeo inallluloB suil concerning IhlB ^Qroament, lnaluding, bul not IIml\OO te claims brought puraullnl \0 Ihe Waahlngton Conaumtr 135'\\~
Prolectlon Acl, the prevailing party Is onllllod to courl coats IInd 0 rOilSonllblo fIlh.lrneY'1I rea, In 1M evont 01 Irlll, tr,ll amQunl of the ellornay'. foa shall be nxed by Iha court. 136,e'
The venue 01 Iln)' /lull Ihall be \he county In wlll.;:h Ihe Proporly I' localod, 137 ~l\
If neither of the above boxeS Is ohecked. thon Opllon "c" appllae, 13a:TI'
29. COUNTEROPf2R$. If either party mllkos a future counteroffer, Ihe othor purty shell havo until 9:00 P,M. on tho ~ay (If not filled In,lho sloond day) fQllawlng Ita 139~a
re~lplto (IIOCepllh. counleroffer, unlau aoonorwlthdrawn, A CO\lnlarollor or (lcceplanco la not effactive until a al9t1ed CO';J'oj is recaived by or lit \I1e olnca olthe olher pa~1140
agent for Iho purposaa of receiving notice., lie provldod in Secllon 23, If tho clluntaroffer II nOlllrnely llccoplad. ii shllll !apsll and Iho earnM\ mOM)' Ihlll be refunded to 141 \(
thl;l Buy.r, 14,'
30. AOR&NT TO pURCHASE AND TIME L.1MIT FOR ACCEPTANCe. 81.1, yor offars to purchllse the proparty on tho al)ovelerms and eondlllonl, Soller haa Unl1l9 PM 14:;"
of ~ ~ ~ ,1 e8J 10 DCCBp\ \his onl~r (il nol "\led In, tho day following the la.l &Jj'llf S:'Jl1alUra da\o b~ow), ,bmeptanM Is nolllloctlve unUI144
lIrllO actually i;Q~ ad by or ellh IS 1I1rt'.Icensoe, If Illi ol1'or Is nol ~o accepted, it !lhallla~$O arod Se;ing LlalnSle,11111 ref\Jn~ the eamaB\ rnoo/~er, 14~
UYE DATE. . ~ d--- 111 14f)\
\ DATE 19 141..1'
BUYER'S PHONE: HOME ~, '-llt?-l-- c.9'f)2.... _ OFFICE 2. 2.-- sa I 14f
.UVER'SADORE'S ~~7 ~ Sf I _. e:.(OC/=-<J, CA 9' ~ ,:'.IC> 'P '"
SELLING LICENSEE 2:l r e:j2A OFFiCe NO. ~ PHONE ~ 3??.oo~ ~ Y7f-O B'~ 15(
~OMPANV) ,J ...". ... 9" 'g I ~ .~
ADORES ...3,3.3 0 t . WA-r ,t ~i4t-If1~" W~ c.;... 151~
'V l :"~'1" - _ ~ ~ PR'NT NAME WAr.:u~ c:- LU~ 1~\
a1, 81!!L.L.ER'S ACCEPTANce AND lilROKERA06 AGREEMeNT. Seller agrees to selllhe property on Ihl;llermS anl;l condit!Ol'l! Mere In, and further Igreos to pay B commisalon 15'
In II total amount computed In accordanOlll with tMe IIs1lng agreement. lhe commle~IQn ahell be apportIoned be1ween \JstI.~g AQen\ and Selling LlcanlJel!l ulplcllled In thf;llls\!ng, 1 M'
If there 'I 110 wrItten lilting IIgrlilem.nl, saller agreDs IQ pay selling Licensee II commlulOI'l 01 % cr "Ies prlca Of S ' 16!,C
S.lIer 11lI1l,'lnll to llsllnll Agenl3nd Soiling Licon sea a portion or the elllllS proclloda equal to tho commluion, II ellma91 money Is retalnlld AS Ilquldlltl;ld dllmAgu, Iny COlt. 1 M~
Il.dv.!lno.d or commllted bY l.illtlng Agent or Sellin a LICllnsllll for Buyer or Sailor ahell be rolmbur&ed Of paid therefrom, a~d lhe bllllnce !lMII be dlvldl;lr;! squally bIItween (1) 15~C
Se~~~ '~,~. ~ (2) Listing Agent en;:;::.np L!oenlte per the commls/llon or lisllng llgrel;lmanl. Sollor acknowledgaB 1lX;.i~ :>I a COpY, of Ihls (raament, .Igned b,Y b~h parIJe8, HilC
seLt.:ft~~ ,J.. ~ CA2:o ~ 'z.c ,19' 9'8 15t
SELLER DATE 19 1el~'
PRINT SELLER'S NAMES 161\
SELLER'S PHON!!; HOME OFl"lCE 16)
SELLER'S ADDRESS ZIP 16:.
LI5TINQ AGENT OFFICE NO. PHONE: FAX 16_
(C~PANY) ,
MLS NO, ADDRESS 11;\
". MUTUAL AOO&PlANCE, Tn" .""m,,'" .".", wi''''''' ,,"''' "'",." =01.",""." ~ = ' 19 - ,,"
.... .h.II .. '"m.' Ih. "..f m"", .".""" " .,. Ag.~,,1 ,,' ,II .""". / ,,\
. . '9?f '
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~':1III;;\IIS!!t,!!!!yerIS811~r (.Irl~e ~na) Inlllala 01 8\iyotl8i!-\strlke one)
t:'3:JVd s:s:e06Lt:'90(; VB3 A.l1V:::" c::::" S'7 S 1 (lVS) 96. 1 SNVf
.....r........'...""................
I'ln~nolng Add~Mum Nortl1w,,\ MVIUpl, ~1.<Ing 8eNI~
Rev, 1rM ALL RIGHrs 1l.""IOIWED ~
FINANCING ~
ADDENDUM TO PURCHASE & SALE AGREEMENT c
Th,loll.wlng I. p.rt 01 Ih. Po",h... ond S,I, Ag"~ ~ J ~ -f"d.-] ~~ ,19 ~,$f c
1 e
I'
botween ~-rY ~r .(..A-~:~ ("Seller") 2 fI
~ ~, L-Ll ,..qrvt.-S .'
O\nd /)... U 1-:'::- ("Buyer") 3
concerning: ~J~~ (},o /(P1-1, IHJ ("the Property"). 4 ,
4'0 \
1. DOWN PAYNI!i;NTIL.OAN APPLICATION: Buyer agroes to pay $ ~_. down, and 10 makollpptlC(llIon ~Itnln days (5 days if nol f1Iled In) all.r 6 l
mulual aocaptanoe of \hll Agreoment, or t:l If tnis Aijrflemenlll condltlonod on Iha sale of EluYIr's home, wltti days (5 dllYII' not nlled In), afler 5 r
Buyer sII1I8neS or removas that con~nglncy. for a loan 10 pay thll balance of the purch..e price, 7
a. FINANCING DI!ADL.INEJSELLER TERMINATION NOTIC!:: II Buyor nal Il(it within dill'S (30 daY81f not nlled In) aftar making application for !l1011n, 8 !
given nollce Il1al 6uyer has waived this nnanclng condition, IhOr'l Sgllllr may, ,It Ill'll' \Im~ \I1~rellf\ar, iliacI to lermlMtt \hll Agroomenl by Ova days notiG&. If, wllnln 6 days 9
of Seller'l nallce, 6u)'er doolnot wllvl lhll\ nnanclng condition by nolica. this ^groemenl8hall termlnela, 10
:J. I!!ARNE8T MONEY; II Eluyer haa nol walvmllhla financing conQltlon, and la unable 10 oblaln financing eflor a good feith erlorllhen, on Buyer's notlce.lhls Agreementahall 11
tarmlnllll and th. tlmell money 0"611 be !Ofund.d 10 auyer, 12
4. NOTICE PROCEDURE: 'NoUce" 6$ us/ld above, mill'll In Ihe manner providod Inlho .No\leel" clause 01 Ihollbove Purchase & Sale Agroemonl. 13 :
5. INapeCTIONSIREPAIR8: 14
Inspoc\lon May B. R.qulred: Sl;lilervndal'&tands thalln order 10l' Buyer \0 obtnin f1Mncll'\9, tho londor may roqulrl;llnspllctlonllncludlr.g. bul nolllmlted \0, g$Mr!llsl/\Jc1Urel, IIrmill, 16
hllUng. plumblng. roof, IJh;lI::trlcal, Bepllo tank ill'll! well waler, and may roqulr.lI1o proplrty to c;omply with 1110 housing code, S~lIer llgl1l88 to perm~ IUch Inspectlons, 16
Inlptc:t1on COlt: Sellllr agree. 10 pay for In&paCUol'l6 required II plrtol FHA or VA, ~\convon\lonlll nnanclng, \0 Ihe eXlenlallowed by applicable FHA or VA regulations. 17
R"palr. Required By Lender ("Work ord~: II Buyor'sloan 1& condltJonod on repairs to tho prop arty or pesl conlrol manures, Seller agreeato perform the same prior 18
10 cloalng Ilnd 10 pay up to $ -' S'G> or tha cOlllhlrlol, (If \hla blank Is not fillBd In, InO amounl Ie zero,) 19
Repllrl' Obllgallon To MJako Whother Or Not Slll~ Cloon: Soll~r lJlHlcritands thlll liS II reaull 01 Iny Inspection, the elly or eounty mill' requlrl Sell~r :10
to m.lkt rlpalr. 10 thl! property to oomply with Ill' houelng COdl'lIl\lOIl If a ..1111 not completed. ;!1
8. APPRAlaAL. LESS THAN SALE PRICR; If BUY9('S tendor's Ippralsalolthe value o( the prop.rty Illen than the purchase price. Buyar may, within \hree daYI aller recelpl 22
01 I copy ofl8/'lder'e apprallll, glv. noijco of Ower's elsctkln to I.rmlnllo Inlt Agroornanl unlell8 selior, wllhln ten daY' alter receipt or sllCh no~ce, dGllve~ \Q Gelling llOllna.. either. 23
(I) (a) II\hlsAgreementls oondlllonod on FHAOnanclng, a rMppralslll by\l1o Gume llppralsl'lt In an amounl not loss Ihlln the sale plico or (b} II this Agreemllr'lllS conditioned 24
on non-FHA financing. rellpprll1alll by tho same appraiser or another oppralser llccoplablo to thl;llllndlng Instltullon In IIn IImount not leas than lhllule price; or 2!l
(II) Wrilt.n consenl 10 rl;louce tha selling prl'ct \0 an amount not more Ihan 11111 amount speclned In IheIpprllaal or reappralSlll, whichever II nigher. (Not applicable If 28
!hIli Agreement I. condl~oned on FHA I\nanclng. FHA don nol permil 1110 ElvYar 10 bll obllgateQ 10 buy II Ihe Seller reducas the Illle price 10 th!! appraisal vllue, The 27
Buyer, however, hallh. opllon \0 buy 110\ the reducld price,) 28
II such rellpp(lllaal or oonllenl to reducllon of prlcllls not 10 dellverod. this AgrnOmllnt shall larmlnale and lhl) eornul money ahall ba re\urned to BUYlr. 29
To permll the partloltho 10nlgolng llmlls for nollclI, lhe cloalng dale Iihall bo oxtended eccordingly, 30
1. SPECIAL FHANA PROVISIONS: 31
PHA LOAN COSTS: IF THIS SALE IS CONDITIONED ON BUYER oetAINING AN FHA LOAN. SE;;I.LE~ AGREF.S TO PAY: 32
(A) SUCH PORTION OF BUYER'S LOAN COSTS AS BUYER IS PROHIBITED FROM PAYING PURSUANT TO APPLICA6Le FHA REGULATIONS, AND 33
(B) a _% OF !lUYER'S LOAN AMOUN1' OR t:I $ , TO BE APPLIED TOWARD aUYER'S LOAN DISCOUNT 34
(IF ANY) AT THE INTER5Si RATE SELECTED BY THe BUYER OR TO OTHER SETTLEMENT COSTS AS AllOWED BY FHA, 3S
VA LOAN COSTS; IF THIS SALE IS CONDITIONED ON BUYER OBTAINING A VA L.OAN, SELLER AGREES TO PAY: 36
(A) THE FULL ESCROW FEE FOR THE l:!:-lTIRE TRANSACTION: 37
(B) SUCH PORTION OF BUYER'S LOAN COSTS AS BUYER IS PROHIBITf:O FROM PAYING PURSUANT TO APPLICABLE VA REGULATIONS: AND 3B
(e} rJ _."/0 OF BUYER'S LOAN AMOUNT OR a s TO ee. APPI.lED TOWARD BUYER'S LOAN DISCOUNT, 38
l..OAN FEE. INTEREST BUY DOWN AND/OR FINANCING AND CLOSINC COSTS TO THE EXTENT THAT IT IS ALLOWABLE BY VA REGULATIONS AND 40
BUYER'S LOAN AMOUNT IS NOT TH!;.REBV REDUCED, 41
FHANA" Apprlllllal C,rtlrlOllltll: Illhls A(lreemllnl Is condlUonad on Buyor obluil1!ng ~HA orVA financing, Ills expressly agreed lhal no\w/lhatanding any o\her provisions 42
of Ihls Agr.ement. Buyer 8hall not bB obllgaled to complele (he purchaso 01 111(' property unlaS!I Buyer has bel;ln glvon In eccordance with HUDIF'HA or VA requirements 43
I written ljlatamenl by FHA, VA, or a Dln!lct E:ndor&oment lender, seltlng forth \110 IIppraleod vlllue or Ih!) property (eXCluding cloBlng OO&lS), Buyer Shllll pay the cos" of 44
Inyappralsal, II the appralud valuo of the propert)' 1111011 \hen the purchese pricD, Para.grllph 611bove shall apply, If Seller does not reduce Ihe sail price \0 \he eppralled 46
or reappraised vllluB, or deliver a rllappralBel at or /J>lo..dlng tho '1I1e price, Iho Eluy.r shllll have hllvelhe prlvBllIgo lint! op"on 01 proceeding with th. oon,vmmallon 01 48
\hIs Agrllmllnl without regard 10 lhe appraised vlllve, provided the dlrfllrencD '" excl!lss of Ihl apprallled valuals paid In cash, 47
purpoll of Apprlllllll. Tha appraised valuallon IlIarrlv9d al only 10 detllrmlM Ih,; maximum mortgaga FHA or VA will Insure. Nalther FHA nor VA warranl 48
Ihe value or Iha condlllon 01 the properly. Thlt Buyer should satisfy hlrmolf/hersolf thnt tho price and condition of Iha property aro acceptable, 49
Lud,SII.d Pllnt No\lco '0 HA Loan.: If tM property was conslruclud BEFORE 1978, then Buy" mu,lslgn NWMlS Form No. 22F. Thlo document 50
must b, algnlld ON OR e RE ,E DATE BUYER EXECUTES ANY PUI~CIiASE AND SALi: AGREEMENT. The LI&tlng Agenl.hall provide NWMLS Form No. ~1
, 10 Ihll LlnC:ur. 52
Inltlalo: BUYE IflBUYER ...oIIIIl_l~ SELLER ~rI SELLER - 53
DATE~19 DATE 19_ DATEdnJ 19 'If DATE . 19_ 54
WHITE-S.llIng Agent'. Copy GREEN-EAcrow Copy CANARY-F'urchllllr'1 2nd Copy PINK~Solllr'l Copy GOLo-purch..lr'11at Copy
';3 ~JV d S:S:806Lj::>90(; Vli3 A1.1V31:i G! 31::[ j::>j::>.Sl (1. V8) 86 . (S 'NVC
.ymtnt To"". Addondum Northw..l MulUpl. UaUng S.",ica
R.v, 111/01 ALL RIGHTS RESERVED
. "
PAYMENT TERMS
ADDENDUM TO PURCHASE AND SALE AGREEMENT
Tha following Is part of the Purchase and Sal~gro8ment dated ~...j fAr^-..) L-I. ~ 30 .19 9Z 1
between c('l'r o.Yb l2.eM~~j_ ('Saller") 2
and l """--~ \ L-l..,:;:1 &MS ("BuYllr") 3
concirnlng: I ~ ~(p C.e iTM4A J /J.-utF ("the Property"), 4
METHOD OF PAYMENT (Chick and oompl.t. uoh Ipplloabll plrlgraph). $
a RElAL Ii$TATII CONTAACT Of ~I!b 01' TRU&T TO SELLER. Buyor ngru, 10 PAY $ liZ, u uO~. iI'.dudll'lg ellrneBt rnot1ey, al clcalng Ilnd 1M balBnce 6
In monthly In!llallmonts to Sellar of $ 1:S2. / 0 V. or more at Buyor's opllon, Including Into nut fro~ tho dale 01 c!o&:~ at ..' ~ % par annum oomputld on thll 7
dlmlnl$hlng prinCipal blllanoQa, Or! or bafOla IhQ day of I!lch monlh commencing ~o days tollowln; cl~"~g 01 \hls nil Q , 8
Any I,lnPQh:t principal balanee shall aoorullnlerest allho latl 01 % (18% If not rone In) per annum arler r:-,a~r:tl or lallure to pllYllny payment. The Ilrst payment 9 1
shell be adJulted 10 include any Inllrllll accrued, If Sellll, or SlIlIor'1 collecllon IIgenl. receives any monthly pllYfT1enl more than daYIl lifter Ita d\le date, 10 1
lhon a lal$ paymAnI oharge 01 $ (5% of monlhly payment If not filled In), Ilhall be added \0 that mon'.I1'~ normal payment. B\lYllr and Sellat agree to algn, 11 2
at cloelng, Ihe lorm of real 1;1 stale contlacl or nota Bnd daed oflru81 (I1S oheckod lIbove) whloh mUll bl allaoh Id hg~~to, II II DOEld of Truslls uled, It Is a~reed lhal 12 13
thl following Ihlll blllddld 10 Ihl Oood olTruII granled to Seller: .Thls proporly rl'UW ,wl be sold, tranalllrrad 01 furtr.Qr ancumbaled, Braaeh oflhltl provision will rnull 13
In all sums secured b'l thle Oaad of TrUal bacomlng Immadlalely duellnd p~\yabll" It III further Igreed that Buyer wl:1 pay riSl eitat, laxei and hllZard Insurance ll' 14 II
I- du., lInd Ihllt Buy.r will pro\llde Seller with evidence 01 those peymllflla, No optional clau$o$ln Ihll atlachod forn'. LPB-44 lealestal. contlllot Ihall apply unlul OIIoh 15 1!
lalnl\leled b'l both patties. 16
~lIh Out, The onll,.. principal balance lIhEdl be dUB Bnd payabla ~_ yoa1'3 'rom Ih, dall ot closl~Q or On ~
,19_, 17 1
0 CA~H DOWN TO eXISTING I..QAN. Buyer Ilgl'lllS 10 IlUUmll, at clo.lng, an /lxistlng (J deed 01 trust lJ mortgage :J real Qalate contlllct end to pay the blllllnce 01 18
Ihll purohls8 pr1clln CAsh. Including earnest money. al closing. Seller gValenloD~ lhat sUdh obligation Is assumable pr:)',,;ctd thal Buyer compile. with and allrees to abide 19
bY !lny reQulroment~ or conditionS Impoaed by Ihe hold.r ot Ihl obllgallon 10 be Il~sumod, Seller underslimds that wh~n a Ic.an Is 'aS8umed,' 1M Saller remains Ilablll to PIlY 20
the lender If the Buyer lalla to do so, The a8~umed loan iJ i8 Q la not an adjustable rate mortgage (ARM). Tho rnoor,~nly payments could Increeae or doCra1l9a 11 1M 21
pnumed 10lln Is an ARM, Tha lisaumad loan hss a principal balllnce ollpproxlmatoly $ and I. ~yabl9 in monthly InslaUmlnls ot lIpprolllmlll.ly 22
$ Including InlQraal al % por annum compuled on thl) diminishing principal balances, and il'\C.'"ci'>g Q rllll.ltlle IlxOl Q hUlrd Ins\lrance. 23
Soller authorizes closlngllgant 10 pey any dellnqu&nl pS'Imenll from money ~uc Siller at time of closing. 24
Cl SELLER WRAP OF EXISTING 1.0AN. Buyar agrea8 10 pay $ down Including the eamest money, al c10ainll and Ihe balllnce to S.lIor In monlhly 26
Installmonts of $ . 01 mOl. al BUYIr'a opllon, Including Inlerest III % per annum computed en L"I. dimlnllhlng principal balances, commencing 215
o 30 daYI following ClOsing iJ ' The Ihen unpaid prlnOlpal bslance shall aCONI In\ert.S1 at Iho rale of % (16% II not filled In) 21
per annum IIthlr malvrily or tallur. 10 pay Iny payment. From the payments ~y B\lyer to $elll;lr, Seilel will pay tho mor1l'1ly payments of $ dua on an 28
exlltlng loan by (\h4;l lender) havln~ an appro~lmate prtHr.l principal balance of $ with 29
Intlreslst % per annum computed on Iha diminishing prlnclpallii:llllncelllnd secured by lhe propMy, Sue." ~&llnc. remaIns Ihe obllglltlon of the Seller llnd 30
Sillier IIgrfl~sto pay s\lCh obll~allon In acoordanclwllh Ilalerms and conditions, l3\,!yerahall hBve Ihe right to femldy any defa\'!lt on the underlying obligation, provided Buyer 31
Is not In delaultlo Ihe SllIar. and all sums 10 paid ,hall bll credited to Buyer's pnyrT1antllo Sell.r, Buyer and Seller agrge ~e sign, al oloslng,lhe rorm (J real estate contracl 32
Q no\e and COld of INSI, .llaehed hereto. 33
(J PAYMENTS TO COLLECTION ACCDUN'f. Tha abo\le paymlntlli\fll to bll rlllldfJto a contreot colleOllon aocount at 34
Bank. Branch, to ba lIstablished IInd pllld for by Buyer 36
Ind SllIltr Iqually, 36
Q CREDIT REPORT CONTINGENCY. This Agraernenlll tlUbjaOllO SIller's apprtlvol of Buyer's cradllreport. which appro',.1 snsn not be unrQa80nablywltnhflld, Buyer tlgrln 37
10 ord.r I oradil ,..port and deliver ,"ld credit raport Ie> Solllr within days (1 dllYIJ it not fillQd in} 01 m~uaJ .;.c.epUlnca of this Aglumenl, Unlllls S.lllr gl\lll 38
wrlUIilfl noli CO to Buyar of SQIlQr'a dlllppro\ll\l of Bvyer'e credil rElPort within __ days (2 daY$ If not nlled in) of 'acQipt of oredlt report. this contingency ~hall be 39
deomod 1IlI\I,nod Ilnd will no IQt1gal ba a part 01 Ihlll Agr.oment 40
CONSEiNT OF HOLDER 01" UNDERLYING OBLIGATION, This ^groemQnt Ie s\.Jl:>joc\ to Ihe wrlttsn conlin! or the holoer of ::-'e underlying obllglltlon Within clays 41
(10 days II not IIlIod In) ollhe dal. of Ihllll Agreement, II such COnlant Is wllhhold, Ihl& Agr8llmfln\ ahall ba null a,'~ vc:~, .nd \ha earMst mon.y returned 10 Buyer, 42
INI,.,ALS: WBUYER oELLt;I'1 ~r! SHLEA 43
DATE 19 DATE 19__ DATt:. -1-/ U' 1~ 'If DATE H'I_ 44
WHITE-sllllng AllenI'I Copy OR!;EN-a;:,crow Copy CANARY"P~'to~u.r'. 2nCl Copy PINI(.~I9r'. Copy aOLD-Pllrohuo,'. 1 $1 Cop~
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NWM~~ Form No. 220 ~ Copyrlghl1QQe
Optlon.1 q.u.. AdO.rr~Ym Norlhw..t MulUplo LI.lI~g 15'''''0'
FI.~. 121Q1 A"" RIGHTS REGERVIi.D
OPTIONAL CLAUSES
ADDENDUM TO PURCHA$EAND SALE AGREEMENT
The following Is part of the Purchase and Sale Agreemenl dated ,-~ D ,191'<iS 1 1
betW&lln ("Seller") 2
~~t.L-/~~nN 2
and ("Buyer") 3
~:~ :)
concerning: ("Ihe Property"), 4
~
CHECK IF INCLUDI;O: 5
rBQUARE FOOTAGE/LOT SIZE/ENCROACHMENT5, Tl1tlli.~llng end iolllng egol\ls IMKB no representations concerning: (e) the lot size or the acouracy of any information a
provided by the Sellar: (b) tho aquare footello or any ImprovEIIY\onls on 1111'1 property: (u) wholher thero i1re any encroi\chments Ueneu, rOckarles, buildings) on the property, 7
or by the property on aoJilcent propcrtl&lI. Buyar Is advised to varlly lot si~e. sqUIlrQ (oote\Je end oncrollchm&nls to Duyar's own silllalecllon, prior to cloilng, 8
0 EXTENDED COVERAGE TITl.E INSURANce, No!wllh/il1Ilndlng 1/11.1 "Tille Inllurance" clausl'lln Ihle Agreemonl, lander or r;IQilng egenll>> dlr.cted to, at Saller's expenae, 9
apply for an Al T A or comparable 9xltndad covarage pOlicy 01 titlo InSl,lrence, rell1ur n'lln lhe itimdllrd form Buyer's policy ralerred to therein, 10
~ROPERTY AND GROUNDS M.o.INTAINElO, Until pOlisellillon Is lrlln8fcm9d to Buy"r, Sellar agreos to malntein the property In the slm. condition 8S whan Initially viewed 11
by Buy.,. Th. term .Property" IMludell the buildlng(a); ground>>; plumbing, hellt, oloclrlcal and othor syetoma; and alllnclvued i1ppllancel, Should In appllanoe or Systllnl 12
bacome lnoperatlvo or malfunction prior 10 Iransfor of poueseion. Sellor agrees IQ !lilher repair, or raplacs tho samo with an appliance or system or 1I1111esl eql.llll quality, 13
prior to closing, Buyer re/ilervo>> the right to rslnspllcllhe proparly within five days priur to Iraniler of possession, 10 v<lrlfy tho foregoing. Buyer Bnd Seller I,mde~tand and 14 -
",gree that Ihe IIlitlng and 81111ng agent shill not, undar any circumstancaa, be Iiabl!! for the foregoing or Soller's breach or this claU1l9, 15
~ ITEMS LEFT BY SEl.l.fR. Any personal prop arty, II~tures or othor It.ms rcmalnlr1(1 un the property whan possosslon Ie tr~nsfwed to Buyer .h~lllh8roupon be coma tha 16
property Of the I;!vYllr, &nd may be rel,lnlo or dispOSed of as Buyer dalermimla. How!!ver, Seller ellree. to clean Ih.lnttrlors of MY structures and remove elllrash, debrli 17
.nd rubbish prior 10 Buyer laking possession, 18
Q OTHER: 19
20 -
21 -
ilO!
23
24
25 Ir
215
27 -
28 -
29 1(
30
31
32
33
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36
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37
38
3S
40 P
41
42
7/1-i./9 r -
Initials; BUYER: Date: SELLEF: '.:(-><1' II C~ts: 43 ,t
BUYER: Dale: SELLER: Date: 44
WHITE-9rok.r'. Copy GREEN-....crow Copy GANIIRY..Purrhn..,'. ~I\(l CQPY PINK-9~II.r'5 COpy 801. [)-Purchn~e"~ 1~' Cnnv
L3:)Vd SS8C6Lt>90G VB2 A1.1V3c Gl2c 9 t> : S I (.L VS) 86 , I SNvr
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