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A. STRUCTURAL PEST CONTROL INSPECTION. <br />(Bu)er) (Seller) agrees at his expense to furnish in escrow a current report in writing of an inspection by a licensed structural <br />pest control operator of the main building and garage, if attached. <br />All work recommended in said report to eliminate infestation or infection caused by wood destroying pests or organisms and all <br />work to correct conditions or repair damage caused by wood destroying pests or organisms, shall be done at the expense of Seller. <br />Funds for work to be done shall be held in escrow and disbursed upon receipt of certificate of completion by the structural pest <br />control operator, or upon close of escrow, whichever occurs later. <br />Buyer agrees that any work to correct conditions usually deemed likely to lead to infestation or infection caused by wood <br />destroying pests or organisms, but where no evident existing infestation or infection is found with respect to such conditions is <br />not the responsibility of Seller, and such work shall be done only if requested by Buyer and then at the expense of Buyer. <br />PLEASE NOTE: If new V.A. loan, Seller pays inspection fee and ALL improvements are to be inspected. If new F.H.A. loan ALL <br />improvements are to be inspected. <br />Buyer Seller <br />Buyer Seller <br />B. WAIVER OF PEST CONTROL INSPECTION. <br />Buyer has satisfied himself about the condition of the property and agrees to purchase the property in its present condition, <br />without the benefit of a structural pest control inspection. <br />Buyer acknowledges that he has not received or relied upon any representation by either the Broker or the Seller, with respect <br />to the condition of the property. <br />Buyer Seller <br />Buyer Seller <br />C. F.H.A. APPRAISED VALUE CLAUSE. <br />It is expressly agreed that, notwithstanding any other provisions of this contract, the Buyer shall not be obligated to complete the <br />purchase of the property described herein or to incur any penalty by forfeiture of earnest money deposits or otherwise unless <br />the Seller has delivered to the Buyer a written statement issued by the FEDERAL HOUSING COMMISSIONER setting forth the <br />appraised value of the property for mortgage insurance purposes of not less than $ <br />which statement the Seller hereby agrees to deliver to the Buyer promptly, after such appraised value statement is made available <br />to the Seller. <br />The Buyer shall, however, have the privilege and option of proceeding with the consummation of this contract without regard <br />to the amount of the appraised valuation made by the FEDERAL HOUSING COMMISSIONER. <br />Buyer Seller <br />Buyer Seller <br />D. V.A. APPRAISED VALUE CLAUSE. <br />It is expressly agreed that, notwithstanding any other provisions of this contract, the Buyer shall not incur any penalty by <br />forfeiture of earnest money or otherwise be obligated to complete the purchase of the property described herein, if the contract <br />purchase price or cost exceeds the reasonable value of the property established by the VETERANS ADMINISTRATION. The Buyer <br />shall, however, have the privilege and option of proceeding with the consummation of this contract without regard to the amount <br />of the reasonable value established by the VETERANS ADMINISTRATION. <br />Buyer Seller <br />Buyer Seller <br />E. CANCELLATION CLAUSE. <br />This offer may be cancelled upon —_ hours written notice to the Buyer by the Seller should an acceptable, bonafide <br />offer for the herein described property be presented to the Seller, unless the Buyer within said time agrees and offers in writing <br />to the Seller to remove the contingent sale and complete the transaction as otherwise agreed. <br />Buyer Seller <br />Buyer Seller <br />F. LIQUIDATED DAMAGES. <br />In the event BUYER shall fail to complete said purchase, SELLER shall be released from any obligation to <br />sell the property to BUYER and may proceed with legal action against BUYER; provided, however, that by <br />signing immediately below this paragraph, BUYER and SELLER agree that SELLER shall retain the deposit(s) <br />as SELLER'S liquidated damages. If the described property has a dwelling with no more than four residential <br />units, one of which BUYER intends to occupy as BUYER'S residence, SELLER shall retain as liquidated <br />damages the deposit(s) actually paid, or an amount from said deposit(s), not exceeding three (3%) per cent <br />of the purchase price and shall promptly return any excess to BUYER. <br />BUYER does ( ) does not ( ) intend to occupy said property as BUYER'S residence. <br />BUYER SELLER <br />BUYER <br />SELLER <br />