CONTRACT OF SALE by Civet

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									                                   CONTRACT OF SALE
CONTRACT NO.___________

This Contract, made and entered into this _______day of ______________________, 2009, by and
between Stadium Center, LLC, a South Carolina limited liability company ("Seller") and
________________________________________ and ______________________________________
Purchaser                  Soc. Sec. No.                  Purchaser             Soc. Sec. No.
__________________________________________________________________________________
Street Address                                City                  State        Zip Code

Telephone ______________________                __________________________________
                Home                                       Employment

(In this Contract, the words "you" and "your" refer to the Purchaser, and the words "we" and "us", and
"our" refer to the Seller.)

WITNESSETH:

1. LEGAL DESCRIPTION: Upon the terms and conditions set forth below, Seller agrees to sell and
Purchaser agrees to buy the following described real property:

         Parking Unit Number(s) ______________ of Stadium Center Horizontal Property Regime.
Purchaser acknowledges that he/she/it is aware this purchase is subject to all terms and conditions
the Master Deed and Amendments thereof for Stadium Center Horizontal Property Regime and
agrees to be bound by all terms and conditions thereof.

                                            ____/____
                                              Initials
2.    PURCHASE PRICE AND TERMS: (Stated in and Payable in U. S. Dollars in cash or
Cashier’s Check or Certified Funds only -- NO PERSONAL CHECKS).

       A. SALE PRICE   $_________________                        UNPAID BALANCE $______________
       B. EARNEST MONEY $_________________

3.       DATE OF CLOSING: Seller agrees to have prepared an INDENTURE DEED free of
encumbrances, except as herein stated. All statutory deed recording fees shall be the responsibility of
Seller. The deed shall be prepared in the name of:
________________________________________________________________________________
and delivered to stipulated place of closing and transaction closed within thirty (30) days of the final
execution of this Contract. Seller shall retain Purchaser’s deposit should transaction not close within this
time period.
4.     CLOSING COSTS AND PROCEDURES: This transaction shall be closed on or before closing
date above. TIME IS OF THE ESSENCE. Purchaser may use any attorney of his/her choice but Seller
will not pay any of Purchaser’s closing costs, including but not limited to title examination, attorney fees,
financing/loan costs, and recording costs. Purchaser may elect to have William Buchanan close this
transaction, in which event Seller will pay for attorney fees and title examination. Purchaser shall be
responsible for all other closing costs. STADIUM CENTER, LLC is not providing any Seller financing.
5.       PRORATIONS: Tax prorations pursuant to this Contract are to be based on the best tax
information available on the date of closing and all prorations are final. There will be no adjustments of
pro-rations after the closing.

6.      DEFAULT: It is expressly agreed that upon the event of any default or failure on part of the
Purchaser to comply with the terms of this Contract of Sale, the Seller’s sole remedy shall be to terminate
this Contract and to retain Purchaser’s earnest money deposit paid hereunder as liquidated damages and this
Contract shall become null and void and of no further force and effect.
                         It is expressly agreed that upon the event of any default or failure on part of the
Seller to comply with the terms of this Contract of Sale, the Purchaser’s sole remedy shall be the immediate
return of their earnest money deposit paid hereunder as liquidated damages and this Contract shall become
null and void and of no further force and effect. Seller shall no further liability or obligation to Purchaser.

7.       NOTICE OF DEFAULT: Written notice of default of the terms of this Contract shall be given
to the defaulting party, and shall be considered properly mailed if sent via first class mail, postage pre-paid
to the address below:
                   If to Seller: Stadium Center, LLC                       If to
                                                                          Buyer:_______________________
                                                                                     Name
                             ___________________________                  _____________________________
                             Address                                                 Address
                             __________________________                   _____________________________
                             City, State, Zip Code                                   City, State, Zip Code

8.       NO PROMISE OF RE-SALE OR INVESTMENT POTENTIAL: Seller has not promised
Purchaser that Seller will resell the property for you or that the property has investment potential or will
increase in value. Execution of this Contract confirms that you have made a personal inspection of Stadium
Center and your Parking Unit before signing this Contract, and that you accept the Parking Unit in "As Is"
conditions.

9.       ENTIRE CONTRACT: The parties agree that this written Contract expresses the entire
agreement between parties, and that there is no other agreement(s), oral or otherwise and that the terms of
this Contract shall be binding on both parties, their principals, heirs, personal representatives, successors
and assigns as state law permits. This Contract shall be governed by South Carolina law.

        This is a legally binding contract, Purchaser and Seller should seek legal advise if the
contents are not understood. Both Purchaser and Seller acknowledge the receipt of a copy of this
Contract. Signatures below signify acceptance of all terms and conditions stated herein.

         Purchaser hereby certifies that they have inspected the property before signing this Contract and
that property is in acceptable condition.

          Executed by Purchaser, this ____ day of _________________________, 2009.

_______________________                                         Purchaser: _______________________
witness
                                                                Purchaser: _______________________
_______________________
witness

        Executed by Seller, this ______ day of __________________________, 2009.
                                                           Stadium Center, LLC
__________________________                         BY: ___________________________
witness
                                                   ITS: ___________________________
______________________
witness

								
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