Seller Financing Addendum To Real Estate Purchase Contract Template Page 2
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28.1 Seller Review. If Seller determines, in Seller’s sole discretion, that the results of the Seller’s Review are
unacceptable, Seller may either: (a) no later than the Due Diligence Deadline referenced in Section 24(b) of the REPC, cancel
the REPC by providing written notice to Buyer, whereupon the Earnest Money Deposit shall be released to Buyer without the
requirement of further written authorization from Seller; or (b) no later than the Due Diligence Deadline referenced in Section
24(b), resolve in writing with Buyer any objections Seller has arising from Seller’s Review.
8.2 Failure to Cancel or Resolve Objections. If Seller fails to cancel the REPC or resolve in writing any objections Seller
has arising from Seller’s Review, as provided in Section 8.1 of this ADDENDUM, Seller shall be deemed to have waived the
Seller=s Review.
9. TITLE INSURANCE. Buyer [ ] SHALL [ ] SHALL NOT provide to Seller a lender=s policy of title insurance in the amount
of the indebtedness to the Seller, and shall pay for such policy at Settlement.
10. DISCLOSURE OF TAX IDENTIFICATION NUMBERS. By no later than Settlement, Buyer and Seller shall disclose to
each other their respective Social Security Numbers or other applicable tax identification numbers so that they may comply with
federal laws on reporting mortgage interest in filings with the Internal Revenue Service.
To the extent the terms of this ADDENDUM modify or conflict with any provisions of the REPC, including all prior addenda and
counteroffers, these terms shall control. All other terms of the REPC, including all prior addenda and counteroffers, not
modified by this ADDENDUM shall remain the same. [ ] Seller [ ] Buyer shall have until
[ ] AM [ ] PM
Mountain Time on
(Date), to accept the terms of this SELLER FINANCING ADDENDUM in
accordance with Section 23 of the REPC. Unless so accepted, the offer as set forth in this SELLER FINANCING ADDENDUM
shall lapse.
_________________________________________________________________________________________________
[ ] Buyer [ ] Seller Signature
(Date) (Time)
Social Security Number
_________________________________________________________________________________________________
[ ] Buyer [ ] Seller Signature
(Date) (Time)
Social Security Number
ACCEPTANCE/COUNTEROFFER/REJECTION
CHECK ONE:
[
] ACCEPTANCE: [ ] Seller [ ] Buyer hereby accepts these terms.
[
] COUNTEROFFER: [ ] Seller [ ] Buyer presents as a counteroffer the terms set forth on the attached ADDENDUM NO.
______.
[
] REJECTION: [ ] Seller [ ] Buyer rejects the foregoing SELLER FINANCING ADDENDUM.
(Signature)
(Date) (Time)
(Signature)
(Date) (Time)
(Signature)
(Date) (Time)
(Signature)
(Date) (Time)
THIS FORM APPROVED BY THE UTAH REAL ESTATE COMMISSION AND THE OFFICE OF THE UTAH ATTORNEY GENERAL,
EFFECTIVE AUGUST 27, 2008. AS OF JANUARY 1, 2009, IT WILL REPLACE AND SUPERSEDE THE PREVIOUSLY APPROVED VERSION OF THIS
FORM.
Page 2 of 2 pages
Buyer’s Initials
Date
Seller’s Initials
Date
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