Timeshare Resale Contract Template (Page 3 of 6) in pdf

_______ shared equally between the parties. Disbursements for title search and recording deed and

governmental transfer fees, resort transfer fees shall be paid by Buyer, unless otherwise designated in

an Addendum to the contract; charges for cancellation of existing liens shall be paid by Seller.

16. RISK OF LOSS: Any loss or damage to the property by fire or other hazard is the Seller's

responsibility until the closing. If the property suffers damage which has not been repaired within

30 days after the scheduled closing date, either party may cancel this Contract and all deposit monies

shall be returned to Buyer; the parties shall have no further obligations to each other with respect to

this Contract.

17. TRANSFER DOCUMENTS; TITLE: Seller will transfer ownership of the property and all

related rights by a deed in proper form for recording or such other document or documents as

necessary to transfer Seller's full rights of ownership. In the event Seller is unable to convey such

rights of ownership, Buyer's sole remedy shall be a full refund of the deposit.

Seller's transfer of ownership shall be free of all claims and rights of others, except for (a)

municipal zoning ordinances and recorded agreements which limit the use of the property, provided

same do not interfere with the present use of the property, and (b) the restrictions, reservations,

conditions and provisions set forth in the documents establishing the timesharing use or vacation

club plan.

18. CLOSING; POSSESSION: Seller will deliver the document transferring ownership to PCS

Holdings, LLC and Buyer will pay the balance of the purchase price. Unless otherwise agreed

between the parties, closing shall take place by mail. Funds and documents shall be delivered

through the escrow agent.

19. TAXES, MAINTENANCE CHARGES: Unless otherwise agreed in this contract, Seller

shall pay all real estate taxes, club dues, assessments and common maintenance charges due through

the end of the year in which the Contract is signed. Any charges, dues assessments or taxes

accruing thereafter will be Buyer's responsibility.

20. SATISFACTION OF LIENS: All claims of others against the property, such as mortgage

liens, must be paid in full or satisfied on or before the closing. Seller may satisfy such claims from

the remainder of the purchase price paid at closing.

21. BINDING EFFECT: This Contract is binding upon all parties who sign it and all who succeed

to their rights and responsibilities. It replaces and cancels any prior written or verbal

understandings and agreements. This contract can only be changed by an agreement in writing

signed by both Buyer and Seller.

22: OTHER AGREEMENTS: ___________________________________________________

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Timeshare Resale Contract Template Page 3