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<br /> -, / -�C A L I F O R N I A RESIDENTIAL PURCHASE AGREEMENT ''�
<br /> ?'` �t. AssociAT�oN AN�JOINT ESCROW lNSTRUCTIONS 6.2A`,:;n
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<br /> oF �A�.TO�.s� Page 8:�
<br /> IFor Use�th Single Pamily Resident+sl Property—Attached or Detached `:,�
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<br /> (C A R Form RPA-CA Rev+ 0/02)
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<br /> Date t'�,��;�-rn���� � #.� "'� ;.^ � ,ai�c�h'���:��.:�,�} C.� c'� '"�� ---- - - �,Califomia. �
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<br /> 1. OfFER• ,xj.,,..�,. ,
<br /> F a r��s�saNOw��onn �.a`�� c�� ;.�.�a���w's �.�����` t�°B�ye��. �
<br /> - B. THE REAL PROPERTY TO BE AC(�Ut�i�D is described as ����� € + ��, �'c~f��~�°`r" -�
<br /> ,Assessor's Parcel No. ""'� • ,situated in :�.�
<br /> �,� , G" + ';° County of �">��rt��r�'?'�'� � Cal fomia, "Pro�e y"). :i
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<br /> G THE URCHASE PRICE oi#ered is `�-"• f`� :� , 1" �" r � ��� '� '' °:� �''�'�� `4
<br /> _ " ` Oolfars $ .�'�� w� �"3�.:.� • '�
<br /> '; D, CLOSE OF ESCROW shall occur'an w �~ ��4 �(date}(or��aays After Acceptance).
<br /> � 2 FINANCE TERMS: Obtaining the loans bei�ur is a contingency of this Agreement unless:(!}either 2K or 2L is checked below;or �
<br /> �.' (ii)otherwise agreed in writing. Buyer shali_act diligen#ly and in good faith to obtain the designated loans. Obtaining deposit,down `�
<br /> �`:: payment and closing costs is not a corttingenay. Buyer represents that funds will be good when deposited with Escrow Holder. _
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<br /> A. tNITIAL DEPOSIT: Buysr has given a deposit in the amount of . . . . . . . . _ . . .$.�'ti.r1�`��-�� -" "
<br /> �' to the agenf submitting the offer{or to❑ �1, by personal check
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<br /> �,.. � �s��.a f.nf .�.r-- S �� made payable to �:..�:. �.�s;:'s.» �- �7.K, � �,b �.-� . ,
<br /> �, (or ��.�`�'�'�
<br /> ,.;, which shall be hald uncashed until Acceptance and then cieposited within 3 business days a f ter
<br /> Acceptance (or O ), with `:
<br /> �` Escrow hiolder, (or�into Broker's trust account}. '"�' "
<br /> '" B. !�lC�FASED DEP4SlT Br!yer shall dsposit with Escrow Halder an increased depc�sit in#he amaunt af . . .$ t ����-�� '�
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<br /> l;; wiihin Days After Acceptance,or� ,{�.�t���C'�=3'�r � "� ;''�'.°��'}"� -
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<br /> �:; C. FIRST LOAN IN THE AMOUNT OF �
<br /> . . . . . .$ -
<br /> {i) NEW First Deed of Trust in favor of lender, encumbering the Praperty, securing a note payabke at _
<br /> maximum interest of % fixed rate, or % initial adjustable rate with a maximum -
<br /> - interest rate of %,balance due in years,amortized over years.Buyer _
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<br /> shall pay ioan fees/points not to exceed . (These terms apply whether the designated loan
<br /> _ is conventional, FHA or VA.)
<br /> ;;.. (2} CC FHR C,VA: (The folfowing terms only appEy ta the FHR or VR ican that is checked.)
<br /> I:`; Seller shafl pay % discount points. SeEler shafl pay other fees not allowed to be paid by -
<br /> i: Buyer, � not to exceed $ . Seller shall pay the cast of lender required Repairs
<br /> _ (including those for wood destroying pest} not otherwise provided far in this Agreement, ❑ not to
<br /> exceed $ . (Actual ioan amount may increase if mortgage insurance premiums,
<br /> ` fundin fees or cfosin costs are financed. ,?�, >=.
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<br /> E€: D. ADDITIONAL FINANCING T�RMS: O`Selfer fiinancing (C A R. Form SFA); C secondary financing, . . , ,$____T_` . '
<br /> `' (C A R Form PAA paraqraph 4A)•C7 assumed flnancinq iC A.R. Form PAA parattraqh 4B) ' `
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<br /> - E. BALANCE OF PURCNASE PRICE(na#including costs of obtaining Eoans and other closing costs)in the amount of . . .$ k � � : � ::a:
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<br /> '- to be depos+ted with Escrow Holder within sufficient time to close escrow.
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<br /> `` F. PURCHASE PRICE(TOTAL): ............................ � .
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<br /> ,::.: ......................................................... �`� . `� :;.
<br /> G. LOAPi APPLlCAT10NS: Within 7 (or � } Days Atter Acceptance, 8uyer shall provicfe 5eller a letter from laftder or *�
<br /> = mortgage loan broker stating that, based on a review of Buyer's written application and credit report, Buysr is prequalified Qr ;y�
<br /> preapproved for the NEW loan specified in 2C above': �.�
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<br /> M, VERIFlCATION OF DOWN PAYMElVTAND CLOSING COSTS:Buyer(or Buyer's lender or loan broker pursuant to 2G)shall,within �-�.$
<br /> �` 7(pr�, �� _)Days After Acceptance,provide Seller wr3iten verification of Buyer's down payment a�d closing costs. �
<br /> - I. LOAN CON'i'INGENCY REMOVAL:(i}Within 17(ar C! }Days After Acceptance, Buyer shall,as specified in p�r�graph
<br /> �4, remove the loan contingency or cancel this Agreement; OR(ti}(if checked)i�the loan contingency shall remain in ei#ect =
<br /> '-' until the designated loans are funded.
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<br /> �;. J. APPRAISAL CONTENGENCY AND REMOVAL:This Agreement is(OR, if checked,'�is NO"n cantingent upon #he Property .�
<br /> `' appraising at no less than the specifiied purchase price. If there is a {oan contingenc�, at the time the foan oontingency is :
<br /> ;. removed(or,if checked,O within 17(or )Days After Acceptance),Buyer shall,as specifisd in paragraph 14B(3), remove
<br /> the appraisat contingency or cancel this Agreement_ If there is na loan con4ingency, Buyer shall, as specified in paragraph
<br /> `� 148(3),remove the appraisal can�ingency w'sthin 17{or�__l Days After Acceptance.
<br /> =_: K. ❑N� LQAN CONTtNGENCY(If checked): 06taining any loan ir� paeagraphs 2C, 2D or efsewhere in this Agreement is NOT
<br /> '�� a contingency of this Agreement.1f Buyer cioes not obtain the loan�nd as a result Buyer does not purchase the Property,Saller `
<br /> may be entitled to Buyer's deposit or other legal remedies.
<br /> �-: L �CASti OFFF,.�t{If chedce�:No loan is needed to purchase the Property. Buyer shrall,within 7{or�,��Days After AcceptancE,
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<br /> Seder written verific2�tion ot sufi'icient func�to cbse this transacrion.
<br /> � 3. CLOSING AND OCCUPANCY:
<br /> � . A. Buyer intends(or L'�"does not intend) to occupy the Properry as Buyer's primary residence. �
<br /> �:; S. Selier-occupied or�vacant property: Occupancy shall be delivered to Buyer at� APV{��M;, on the date of Close Of �
<br /> �T Escrow;Ci on ;or Ci no later than Days After Close Of Escrow. {C.A:R. orm PAA, paragraph 2.) tf _
<br /> €::` transfer of title and occtapancy da not occur at the same time,Buyer and Seller are advised to:(i)enter into a written occupancy �
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<br /> agreerrtent; and(if)consult with their insurance and legal advisors. ,r• ,,.;
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<br /> 'Ch�a capyrigiNc lav�oE the EJnited St�tes('fitle 47 tE.S.Code)forY�f tF�e ur�authorizsd "� '��. `
<br /> ,;: Buyer's Initials `(1'•:�_)( 1 ;
<br /> � _reproduc�i�of ihES 4ann,or any poriiors ttterec�F,by photocopy machine cx sny oiher '
<br /> "' '�eans, Indudx►g facs�rsile or computerixed formats. Copyright � 199i-2004, SelEer's Initials � )( ) `�'
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<br /> �: �ALI�OFi�lIR ASSOGYPi'i'fON OF fiERl.'E�C7RS�.IPIC.ALL RiCH`t'S RES�FtVED. � �
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<br /> RPA-CA REVISEQ 10/02(PAGE 1 OF 8) Arint Date BDC�ct 04 Fieviewed by Daie ww,�.rao� =�
<br /> OPPORTUlIIT!
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