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60 Any inspections and charges which are required to be made and charged to Buyer or Seller by the lender, 61 FHA, VA, or mortgage insurer, shall be made and charged in accordance with their prevailing rules or 62 regulations and shall supersede any provisions of this Agreement. 63 64 3. E3 ASSUMPTION: (Attach Financing Addendum) 65 4. ❑ CONDITIONAL SALES CONTRACT: (Attach Financing Addendum) 66 5. ❑ OTHER METHOD OF PAYMENT: (Attach Financing Addendum) 67 68 F. TIME FOR OBTAINING FINANCING. Buyer agrees to make written application for any financing necessary 69 to complete this transaction or for approval to assume the unpaid balance of the existing mortgage within _-_Q__ 70 days after the acceptance of this Agreement and to make a diligent effort to meet the lender's requirements and to 71 obtain financing in cooperation with the Broker and Seller. No more than 0 days after acceptance of the 72 Agreement shall be allowed for obtaining favorable written commitment(s) or mortgage assumption approval. If a 73 commitment or approval is not obtained within the time specified above, this Agreement shall terminate unless an 74 extension of time for this purpose is mutually agreed to in writing. 75 76 G. CLOSING: The dosing of the sale (the "Closing Date") shall be on or before June 29. 2013 or 77 within days after , whichever is later or this Agreement 78 shall termnate unless an extension of time is mutually agreed to in iWWn`gAny dosing date earlier than the latest 79 date above must be by mutual written agreement of the parties. The settlement or dosing fee incurred in 80 conducting the settlement charged by the dosing agent or company shall be paid by ❑ Buyer (included in 81 allowance, if provided) ❑ Seller ® Shared equally. 82 83 This Agreement ® Is not contingent upon the dosing of another transaction; ❑ Is contingent upon the closing of 84 the pending transaction on the property located at 85 scheduled to dose by 86 87 Notwithstanding terms to the contrary, the Parties agree that as a condition to closing, all funds delivered to the 88 closing agent's escrow account be in such form that the closing agent shall be able to disburse in compliance with 89 I.C. 27 -07 -3.7 et. seq.. Therefore, all funds from a single source of $10,000 or more shall be wired unconditionally 90 to the dosing agent's escrow account and all funds under $10,000 from a single source shall be good funds as 91 so defined by statute. 92 93 H. POSSESSION: 94 1. The possession of the Property shall be delivered to Buyer ® at closing ❑ within days beginning 95 the day after closing by ❑ a.m. ❑ p.m. ❑ noon or [3 on or before 96 if closed. For each day Seller is entitled to possession after closing, Seller shall pay to Buyer at dosing 97 $ per day. If Seller does not deliver possession by the date and time required in the first 98 sentence of this paragraph, Seller shall pay Buyer $ per day as liquidated damages 99 until possession is delivered to Buyer, and Buyers all have a o r legal and equitable remedies available 100 against the Seller. 101 2. Maintenance of Property: Seller shall maintain the Property in its present condition until its possession is 102 delivered to Buyer, subject to repairs in response to any inspection. Buyer may inspect the Property prior to 103 closing to determine whether Seller has complied with this paragraph. Seller shall remove all debris and 104 personal property not included in the sale. 105 3. Casually Lou: Risk of loss by damage or destruction to the Property prior to the dosing shall be borne by 106 Seller, including any deductible(s). In the event any damage or destruction is not fully repaired prior to dosing, 107 Buyer, at Buyer's option, may either (a) terminate this Agreement with prompt return of earnest money to 108 buyer or (b) elect to close the transaction, in which event Seller's right to all real property insurance 109 proceeds resulting from such damage or destruction shall be assigned in writing by Seller to Buyer. 110 4. UtilkleslMunicipal Services: Seller shall pay for all municipal services and public utility charges through the 111 day of possession. 112 113 1. SURVEY: Buyer shall receive a (Check one) ❑ SURVEYOR LOCATION REPORT, which is a survey where 114 comer markers are not set; ❑ BOUNDARY SURVEY, which is a survey where comer markers of the Property are 115 set prior to closing; ® WANED, no survey unless required by lender, at (Check one) ❑ Buyers expense 116 (included in allowance, k provided) C3 Selleft expense ❑ Shared equally. The survey shall (1) be received 117 prior to closing and certified as of a current date, 2( ) be reasonably satisfactory to Buyer, (3) show the location of all 118 improvements and easements, and (4) show the flood zone designation of the Property. If Buyer waives the right to 119 conduct a survey, the Seller, the Listing and Selling Brokers, and all salespersons associated with Brokers are 120 released from any and all liability relating to any issues that could have been discovered by a survey. This release 121 shall survive the dosing. 122 123 J. FLOOD AREA/OTHER: Buyer ❑ may ® may not terminate this Agreement If the Property requires flood 124 insurance. Buyer ❑ may ® may not terminate this Agreement if the Property is subject to building or use 125 limitations by reason of the location, which materially interfere with Buyer's intended use of the Property. 620 Columbia Sthaet. South -Bend. 46601 ( roperly rose - -- Page 2 of 7 (Purchase Agreement) Produced wkh ZlpFomie by zipLogrc 11070 Faeen Mile Rood, Fuser, MichWn 48026 620 Columbia