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1 OREF Cr Sale Agreement 1615BM ...„...»..m. .. �.,, RESIDENTIAL REAL ESTATE SAIF AGREEMENT OREF 0011 Ver.1.11 Page 7 of 11 292 29.ADDITIONAL PROVISIONS: 293 294 295 For additional provisions.see Addendum CLOSING(ESCROW 296 24.ESCROW:This aersection shall be Closed at First American ('Escrow'), a neutral escrow 297 company licensed and located In the Sate of Oregon.Costs of Escrow shall be shared equally between Buyer and Seller,unless otherwise specifically 298 prohibited by The U.S.Department of Veterans Affairs(Federal VA). Unless otherwise provided herein,the padbs agree as follows:Seller authorizes 299 Seller's Agent's Firm to order a preliminary the report and owners tltle policy at Sellers expense and further authorizes Escrow to pay out of the 300 cash proceeds of sale the expense of NrnisNng such policy,Sellers recording fees,Sellers Closing costs,and any liens and encumbrances on the 301 Properly payable by Seller on or before Casing.Buyer shall deposit whh Escrow sumcient funds necessary to pay Buyer's recording fees,Buyers 302 Closing costs, and Lenders tees, if any. Real estate fees, commissions or other compsnsatlon for professional real estate services prodded by 303 Buyers or Sellers Agents'Firms shall be paid at Closing In accordance with the listing agreement,buyer repreeentatlon agreement or other written 304 agreement for compensation. 305 25. PROBATIONS: Prorates for rents, current years taxes, interest on assumed obligations, and other prepaid expenses attributable to the 306 Properly shall be as of:(check one)®the Closing Date:❑date Buyer Is entitled to possession. 307 26.EARNEST MONEY DEPOSIT(S)AND BUYER INSTRUCTIONS:When Chis Sale Agreement S signed and e¢eped by Buyer and Seller.the following 308 Instructions shall appy to the handing of Burr's earnest money deposit In the sum of$7,500.00 (the Deposit). 309 The Deposit shall be payable gag deposited within (three(3]if notified in)business days(the"Oepasf Deedbne")as follows(cleckel Net Beebe): 310 ©Directly with Escrow; 311 D Directly Into Buyers Agents Firms client trust account and remain there until disbursement at Closing;and/or 312 ❑Directly into Buyers Agents Firm's went bust account and thereafter deposit with Esoaw70tle Company prior to Closing: 313 111 As follows: 314 Upon deposit of eased money In accordance with the Agreement Buyer shall take no eels to withdrew or authorize Withdraws of said funds,except In 315 sco wane with the terns and conditions of this Agreement In the event Buyer attempts or succeeds in any such withdrawal of the earnest money deposit, 311i hi shatlVaamsIeed a breach of the Agreement end will result in a forfeit of the earnest money depasX and termination.at the option of the Saler,of the 317 Buyers right to purchase. 316 Caution:The Deposit payable by wtatever method selected by Buyer abate.shall be placed with Escrow a Buyers Agents Fhme Client Trust account no 319 later than 500 pm on the last day of the Deposit DeaJbe.The feiure to do so may result in a breach at the Sale Agreement under Sections 27.2 and 27.3 320 (Earnest Money refund to BuyerlEarnest Money payment to Seller).below, 321 B an additional Deposit rAdsigonal Deposit') Is to be paid, X shag be hurdled in accordance with the above-selected instncdons, or 322 (Describe)! 323 Once the Depced end Additional Deposit.If any,brae pieced with Escrow,Seder's end Buy 's Agents ed Firms shell have no droller roeponsibiRy to Byer 324 or Seller regarding said funds. 325 27.1 EARNEST MONEY DEPOSIT INSTRUCTiONS TO ESCROW: Escrow is hereby Instructed by Buyer and Saar as follows:(1)Upon your receipt of a 326 Dopy of this Agreement marked'rejected"by Seder,or upon Sears Agent Firms mitten advice that the offer is"rejected by Seller.you are to refund ad 327 earnest maey to Buyer.(2)Upon your rept of a copy of the Agreement signed by Buyer and Saler,estatash an escrow account and proceed with Closing 328 in accadanre with the tams of this Agreement If you determine the tensacfion cannot be Claud for any reseal(whether or not there is a dispute 329 between Buyer and Seller),you we to hold all earnest money deposits ung you receive written instructions from Buyer and Seller,or afrwl Meg horn a cert 330 or attestor,as to the disposition of such deposits. 331 27.2 EARNEST MONEY REFUND TO BUYER: If(1)Seller does not approve this Agreement;or(2)Seller signs and accepts this Agreement but 332 fails to furnish marketable title;or(3)Seller fails to complete this transaction in accordance with the material terms of this Agreement;or(4) any 133 condition which Buyer has made an express contingency In this Agreement(and has not been otherwise waived)fax through no fault of Buyer, 334 then aii eemest money deposits shall be promptly refunded to Buyer.However.acceptance by Buyer of the refund shall not constitute a waiver of 335 other legal remedies available to Buyer. 336 27.3 EARNEST MONEY PAYMENT TO SELLER If Seller signs and adapts this Agreement and Ila is rreAeta and (1) Buyer has materially 337 misrepresented Buyers financial status;or(2)Buyers bank does not pay,when presented.any check gel as eat money or Mils to s time Buyer lnttlale r Date 11 /72/2021 Server lni /_Date 'f /V.C. OA This form has been licensed tor use solely by Jany Jonas pursuant to a Forams License Agreeme lb Oregon Real Estate Perms,LLC. ONES WR11 THIS SYMBOL 4—REQUIRE A SIGNATURE OF BUYER AND/OR SELLER AND DATE Copyright Oregon Real Estate Forms,LLC 2021 www.R sftnir0.0im No porton may be reproduced without express perndsalon of Oregon Real Estate Forms.at OREF 001 1 Pegs 7 0111 RW,ca xM Lew war TrnmdMrlapFmm s.Ytlm)717N Xarvp.N St Sue 21W,Dabs.TX 7S2T1 cow Woe owl ISIS rjr,w.r Doc ID:4b394c1 ec8a6818ee4e30b59d241c5072ada5dOb