Farm And Ranch Contract (Page 8 of 9) in pdf

Contract Concerning

Page 8 of 9

8-01-2011

(Address of Property)

22. AGREEMENT OF PARTIES:

This contract contains the entire agreement of the parties and

cannot be changed except by their written agreement. Addenda which are a part of this contract

are (check all applicable boxes):

Third Party Financing Addendum for Credit

Addendum for "Back-Up" Contract

Approval

Seller Financing Addendum

Addendum for Coastal Area Property

Addendum for Property Subject to

Environmental Assessment, Threatened

Mandatory Membership in a Property

or Endangered Species and Wetlands

Owners Association

Addendum

Buyer’s Temporary Residential Lease

Seller’s Temporary Residential Lease

Loan Assumption Addendum

Short Sale Addendum

Addendum for Sale of Other Property

Addendum for Property Located Seaward

by Buyer

of the Gulf Intracoastal Waterway

Addendum for Reservation of Oil, Gas

Addendum for Seller's Disclosure of

Information on Lead-based Paint and Lead

and Other Minerals

-based Paint Hazards as Required by

Federal Law

Other (list):

23.TERMINATION OPTION: For nominal consideration, the receipt of which is hereby acknowledged

by Seller, and Buyer's agreement to pay Seller $

(Option Fee) within 2 days after

the effective date of this contract, Seller grants Buyer the unrestricted right to terminate this

contract by giving notice of termination to Seller within

days after the effective date of

this contract (Option Period).

If no dollar amount is stated as the Option Fee or if Buyer fails to

pay the Option Fee to Seller within the time prescribed, this paragraph will not be a part of this

contract and Buyer shall not have the unrestricted right to terminate this contract. If Buyer gives

notice of termination within the time prescribed, the Option Fee will not be refunded; however,

any earnest money will be refunded to Buyer. The Option Fee

will

will not be credited to the

Sales Price at closing. Time is of the essence for this paragraph and strict compliance with

the time for performance is required.

24. CONSULT AN ATTORNEY: TREC rules prohibit real estate licensees from giving legal advice.

READ THIS CONTRACT CAREFULLY. If you do not understand the effect of this contract, consult an

attorney BEFORE signing.

Buyer's

Seller's

Attorney is:

Telephone: (

)

Facsimile:

(

)

(

)

E-mail:

EXECUTED the

day of

, 20

(EFFECTIVE DATE).

(BROKER: FILL IN THE DATE OF FINAL ACCEPTANCE.)

Buyer

Seller

Buyer

Seller

The form of this contract has been approved by the Texas Real Estate Commission. TREC forms are intended for use only by

trained real estate licensees. No representation is made as to the legal validity or adequacy of any provision in any specific

transactions. It is not intended for complex transactions. Texas Real Estate Commission, P.O. Box 12188, Austin, TX 78711-

2188, (512) 936-3000 ( ) TREC NO. 25-8. This form replaces TREC NO. 25-6.

TREC NO. 25-8

Initialed for identification by Buyer

and Seller

American LegalNet, Inc.

Farm And Ranch Contract Page 8

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