Purchase Contract-2023-Counter-HOA-BINSR

SECTION 4 DISCLOSURES

4a.

LINES 154-156 Seller Property Disclosure Statement. (”SPDS”). Seller shall deliver within three (3) days after Contract acceptance. Buyer has five (5) days to disapprove.

4b.

LINES 157-161 Insurance Claims History - Seller shall deliver the Buyer a written five (5) year insurance claims history regarding premises (or a claims history for the length of time Seller has owned the Premises if less than 5 years) from the Seller’s Insurance Company or an insurance support organization or consumer reporting agency, or if unavailable from these sources, from Seller, within 5 days after Contract acceptance. Seller may obscure any reference to date of birth or social security number from the document. Buyer shall provide notice of any items disapproved within the Inspection Period or 5 days after receipt of the claims history whichever is later.

4c

LINE 162-166 Foreign Sellers. Seller to provide Escrow company a certificate indicating whether Seller is a foreign person.

4d.

LINES 167-182 Lead Based Paint Disclosure. “Buyer is further advised to use certified Contractor to perform renovations, repair or painting projects that disturb lead-based paint in residential properties built before 1978 and to follow specific work practiced to prevent lead contamination.” If home was built before 1978, Seller will notify Buyer of any known lead based paint on premises. LINES 183-186 Affidavit of Disclosure. Escrow Agent’s sole responsibility is to record the affidavit if the Seller provides it to escrow. Buyer shall provide notice of any items disapproved within the inspection period of five (5) days after receipt of the Affidavit, whichever is later. Seller to provide 5 days after Contract accept. LINES 187-190 Changes During Escrow. Seller should immediately notify Buyer of any changes in the premises or disclosures. Such notice shall be considered an update to SPDS and Buyer shall be allowed 5 days after delivery of notice to disapprove to Seller.

4e.

4f.

SECTION 5 WARRANTIES

5a.

LINES 191-199 Condition of Premises. Buyer and Seller agree the Premises are being sold in its present physical condition as of the date of Acceptance Contract.

5b.

LINES 200-206 Warranties that Survive Closings. Seller warrants that all labor and repairs have been paid for and that the connection for sewer/septic system is correct.

LINES 207-212 Buyer Warranties. Buyer warrants that Buyer is not relying on any verbal representation concerning the Premises except disclosure as follows. This is basically protection for the Agent from lawsuit. If Buyer is purchasing based on a verbal representation from the Agent they are to disclose it here. 5c.