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,• plif lltlForm No. 21
<br />Re% 12/91
<br />Page 2 of 2 Pagoo
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<br />RESIDENTIAL REAL ESTATE PURCHASE AND SALE AGREEMENT
<br />(CONTINUED)
<br />C Copyright 1982
<br />Puget Sound Multiple Listing Association
<br />ALL RIGHTS RESERVED
<br />19. SALE INFORMATION. The Listing or Selling Agent Is authorized to report this Agreement (including price and all terms) to the Multiple Listlng Service that published It and
<br />to Its members; flnandng institutions; appraisers; and anyone else related to this sale. Buyer and Seller authorize all lenders, closing agents, appraisers, tltle insurance
<br />companies, and others related to this sale, to furnish the listing and/or selling agent, on request, any and all information and copies of documents concerning the status, progress
<br />and final disposition of financing, appraisal, closing, title condition, and any other matter concerning this sale, INCLUDING BUYER'S CREDIT REPORT. (FHA regulations
<br />prohibit lenders giving credit information to anyone on FHA loans.)
<br />20. SEATTLE REQUIREMENTS. If the property is In the City of Seattle, Seller agrees to comply with the following Seattle ordinances before closing of this sale: (a) Deliver to
<br />Buyer a Certificate of Land Use and Local Assessments (not applicable to single family dwellings not represented to be a lawful site for more than one dwelling unit): and (b)
<br />U.L. approved smoke detectors are installed. Only In buildings constructed before 1980 may the smoke detectors be battery powered.
<br />21. CLOSING COSTS AND PRORATION. Seller and Buyer shall each pay one-half of escrow fee unless thls sale Is FHA or VA financed, in which case it shall be paid according
<br />to FHA or VA regulations. Seller shall pay real estate exdse tax. Taxes for the current year, rent, Interest, and !tenable home owner's assodation duds shall be prorated as
<br />of dosing. Buyer agrees to pay Buyer's loan costs, Induding credit report, appraisal charge and mortgagee's tile Insurance, unless provided otherwise In this Agreement. If
<br />any payments are delinquent on encumbrances which will remain after dosing, Closing Agent is instructed to pay them at closing from money due, or to be paid by, Seller. Buyer
<br />agrees to pay for remaining oil In fuel tank If, prior to dosing, Seller obtains a written statement as to the quantity and current price from the supplier. Sillier agrees to pay all
<br />utility charges (Including unbilled charges). Buyer understands that the Listing and Selling agents are not responsible for, or to Insure payment of, Sellers utility charges.
<br />22. INSULATION- NEW CONSTRUCTION. If this Is new construction, Federal Trade Commission Regulations require the following to befitted in: (If insulation is not yet selected,
<br />FTC regulations require Seller to furnish Buyer the information below In wilting as soon as available.)
<br />Wall Insulation: Type: Thickness: R -Value:
<br />Ceiling Insulation: Type: Thickness: R -Value:
<br />Other Insulation data:
<br />u
<br />23. NOTICES. Unless otherwise specified, any notice required or permitted in, or related to, this Agreement must be In wntlng; signed by any one Buyer or Seller (including either
<br />husband or wife
<br />shall commence on the day following receipt of the no
<br />business day. SELLER AND BUYER MUST KEE
<br />OF A NOTICE
<br />Any time limit in or applicable to a notice
<br />unless that is a Saturday, Sunday or holiday, in which event (twill commence on the next following
<br />DVISED OF THEIR WHEREABOUTS TO RECEIVE PROMPT NOTIFICATION OF RECEIPT
<br />24. FACSIMILE TRANSMISSION. Facsimile transmission of any signed original document, and retransmission of any signed facsimile transmission, shall be the same as delivery
<br />of an original. At the request of either party, or the Closing Agent, the parties wilt confirm facsimile transmitted signatures by signing an original doaiment.
<br />25. BUYER'S FUNDS TO CLOSE. Buyer represents that Buyer has sufficient funds to close this sale in accordance with this Agreement, and is not relying on any contingent
<br />source of funds or gifts unless expressly set forth elsewhere in this Agreement.
<br />26. ADDENDUMS. In addltlon to any other Addendums referred to In this Agreement, the following Addendums are attached hereto:] None -t1'
<br />27. COUNTEROFFERS. 11 either par ma a future counteroffer, the other party shall have until 9:00 p.m. on theati. day (If not filled , the second day) fol!Qwing)ts
<br />receipt b i R o accept the counteroffer, unless sooner withdrawn. Acceptance Is not affective until signed thereof Is received t41e
<br />If the counteroffer Is not accepted, It shall lapse and the earnest money shall be refunded to the Buyer. t L
<br />28. EARNEST MONEY RECEIPT. Buyerof $ 11°3.5' eamest money, In the form of: 0 Cash 0 Personal check
<br />❑ Promissory note due ,19 it Other dam' , to be held:,) By the Closing Agent
<br />❑ In Selling Agent's pooled trust account (with interest pail to the Washington Housing Fund). Selling Agent may, however, transfer the earnest money to the Closing Agent.
<br />If the earnest money is to be held by Selling Agent and Is over $5,000, it shall be deposited to: 0 Selling Agent's pooled trust account ❑ A separate trust account in Selling
<br />Agent's name, with the Interest credited at dosing to Buyer/Seller (strike one) whose Social Security (or taxpayer ID) Number Is:
<br />1- fi�loae, whoever Is entitled to the earnest money Is entitled to the Interest.
<br />t shall not deposit any check until Buyer and Seller have signed this Agreement. Buyer agrees to pay financing and purchase costs Incurred by Buyer. If all or
<br />part of the earnest money Is to be returned to Buyer and any such costs remain unpaid, the Selling Agent may deduct and pay them therefrom.
<br />SELLING AGENT(COMPANY) rLI Office No. --` Office Ph. Home Ph.—
<br />;s�
<br />+ii,e ti
<br />BY PRINT NAME
<br />29. DEFAULT AND ATTORNEY'S FEES. If the following conditions are met, and the Buyer falls, without legal excuse (grounds) to complete the purchase of the property, the
<br />earnest money deposit made by the Buyer shall be forfeited to the Seller as the sole and exclusive remedy available to the Seller for such failure:
<br />(1) The earnest money does not exceed 5% of the purchase price.
<br />(2) If Buyer is purchasing the property primarily for personal, family or household purposes, Buyer and Seller must Initials here for the above clause to apply:
<br />Sellers Buyers
<br />If both the above conditions are not met, and Buyer falls, without legal excuse (grounds), to complete the purchase of the property, Seller shall have the option to either: (a)
<br />Retaln the earnest money as liquidated damages, (b) Collect actual damages, or (c) Obtain specific performance together with any Incidental damages.
<br />If Buyer, Seller, Listing or Selling Agent Institutes suit concerning this Agreement, the prevailing party is entitled to court costs and a reasonable attorney's fee. In the event
<br />of trial the amount of the attomey's fee shall be fixed by the court. The venue of any suit shall be the county in which the property Is located. _
<br />30. AGREEMENT TO PURCHASE -AND TIME LIMiT FOR ACCEPTANCE. Buyer offers to purchase the property on the above terms and conditions. Seller has until midnight
<br />of ,1gto !•• l = (if not filled in, the day following the last Buyer sig Jur data low). Acceptance is not effective
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<br />until a signed copy hereof is actually received by or at the office • -• • = t. If this offer Is not so accepted, it shall lapse an Wit t shall refund the eamest money
<br />to Buyer.
<br />Buyer Date 19 Home Ph.
<br />Buyer } ^!( Date
<br />p3)423-1,::,112
<br />.1 T1 ,,�. 19' Office P
<br />tr. AL1 _�, i415aoo aaLtoatx1via, Iatia,,Sthlrl,
<br />Buyer's Address
<br />31. SELLER'S ACCEPTANCE AND BROKERAGE AGREEMENT. Seller agrees to sell the property on the terms and conditions herein, and further agrees to pay a commisslon
<br />In a total amount computed In accordance with the llstlng agreement. The commission shall be apportioned between llstlng and selling Agents as spedfled in the listing.
<br />ate``
<br />11 there 1s no written listing agreement, Seller agrees to pay Selling Agent a commission of
<br />% of sales price or $ '` ' . Seller assigns to Agent(s) a portion of the sales
<br />proceeds equal to the cpmmisslon. If earnest money Is retained as liquidated damages, any costs advanced or committed by Agent(s) for Buyer or Seller shall be reimbursed
<br />or paid therefrom, art the balance Wall be divided equally between Seller and Listing Agent. Seller acknowledges receipt of a copy of this Agreement, sired by both parties.
<br />.- Seller . _ .� t€ -a' Date r . e -t _ 19'.'. Home Ph( ) —.--i
<br />* Seller _ *,.Date
<br />Paul %. = aril t— -i '"OC1,- J.
<br />Print Seller's Names
<br />1.651 17th Av : . .3 ., ._
<br />� .tt,l=_:, €..i. 931b1:;
<br />Seller's Address c _,
<br />nia.
<br />Listing Office Office No. Office Ph. MLS No.
<br />32. BUYER'S RECEIPT. Buyer acknowledges receipt of a Seller signed copy of this Agreement, ons 19'
<br />- 'BUYEBO t?L ,1. ,";anb», - :;ion BUYER
<br />19 Office Ph.
<br />WHITE—Selling Agent's Copy GREEN—Escrow Copy CANARY—Purchaser's 2nd Copy PINK --Sellers Copy GOLD—Purchaser's 1st Copy
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