Excluding any financed funding fee amortizable

This preview shows page 11 - 13 out of 15 pages.

(excluding any financed Funding Fee), amortizable monthly for not less thanyears,with interest not to exceed% per annum for the firstyear(s) of the loanwith Adjusted Origination Charges as shown on Buyer’s Good Faith Estimate for the loan notto exceed% of the loan.VA NOTICE TO BUYER:"It is expressly agreed that, notwithstanding any other provisions ofthis contract, the Buyer shall not incur any penalty by forfeiture of earnest money orotherwise or be obligated to complete the purchase of the Property described herein, if thecontract purchase price or cost exceeds the reasonable value of the Property established bythe Department of Veterans Affairs. The Buyer shall, however, have the privilege and optionof proceeding with the consummation of this contract without regard to the amount of thereasonable value established by the Department of Veterans Affairs."If Buyer elects to complete the purchase at an amount in excess of the reasonable valueestablished by VA, Buyer shall pay such excess amount in cash from a source which Buyeragrees to disclose to the VA and which Buyer represents will not be from borrowed fundsexcept as approved by VA. If VA reasonable value of the Property is less than the SalesPrice, Seller may reduce the Sales Price to an amount equal to the VA reasonable value andthe sale will be closed at the lower Sales Price with proportionate adjustments to the downpayment and the loan amount.Buyer hereby authorizes any lender to furnish to the Seller or Buyer or their representativesinformation relating only to the status of Credit Approval of Buyer.BuyerSellerBuyerSellerThis form has been approved by the Texas Real Estate Commission for use with similarly approved or promulgatedcontract forms. Such approval relates to this form only. TREC forms are intended for use only by trained real estatelicensees. No representation is made as to the legal validity or adequacy of any provision in any specific transactions. Itis not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-2188,(512) 936-3000 () TREC No. 40-6. This form replaces TREC No. 40-5.TREC NO. 40-6Produced with zipForm® by zipLogix 18070 Fifteen Mile Road, Fraser, Michigan 48026 TAR 1901 2-10-2014E.USDA GUARANTEED FINANCING: A USDA-guaranteed loan of not less than $(excluding any financed Funding Fee), amortizable monthly for not less thanyears,with interest not to exceed% per annum for the firstyear(s) of the loanwith Adjusted Origination Charges as shown on Buyer’s Good Faith Estimate for the loan notto exceed% of the loan.328 Kings Court, Pasadena, TX 78705Brittany BrownJohn SmithTEST 2 Answer
(TAR-1910) 12-05-2011PROMULGATED BY THE TEXAS REAL ESTATE COMMISSION (TREC)12-05-2011(NOTICE: For use only when SELLER occupies the property for no more than 90 days AFTER the closing)SELLER'S TEMPORARY RESIDENTIAL LEASE1.PARTIES: The parties to this Lease are(Landlord) and(Tenant).

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture