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E~crow fees shall be paid by Seller if Btjyer obtains Federal V.A. financing; otherwise, escrow fees shall be paid equally by Seller and Buyer. (3) Settlem'ent Da e ,2,. Sefflement ct this sale shall be on ~ 3~2:¢..A_..~_~7 _, 19.~, or as soon thereafter as clos,ng documenls are prepared. (4) ~roratiorts Seller and Buyer agree to prorate the following items: taxes for the relevant t~ year, rents, interest and other i~ems. Un]ess existing insurance can be assumed, Buyer wil~ purchase a new hazard insuraoce policy. The date of proration sha~ 5e~ ~z~ 2- / .19~ ~uyer agrees ~o p~y Se~er for ~y (~e{ ~n stop,ge tanks ~t the ds~e of possession. (5) Po~ession Oate Possession of the prope~y is to be delivered to Buyer on ~ ~ ~ ~ ~/ ,19~ or as soon thereafter as existing laws and r~u~s~ions will permit removal of ~en~n~s, ~ any. (6) ~rglimJn¢~ Tide Re~od Seller will choose a title insurance company. Seller will furnish a pre~iminaw title repo~ to Buyer before settrement. The prelimina~ ~ftle report wi~$ show ~he condition of the title ¢ the real prope~y. (7) Title ~nsura~ce Policy Seller wilt pay for and furnish to Buyer a s~andard owner's [itle insurance policy at closing, The title insurance policy will be in the ¢mount of the purchase price of the real prope~y. The tit~e insurance poiicy wil1 show good and ma~etable title to the real prope~y. Buyer w~ll pay additional premiums if an extended coverage title poriW is ordered for Buyer's benefit. (8) Payment of Money Owed Against the Real ProDe~y Money owed against the real prope~ by Seller may be paid out of the purchase money at settlement, ~l Seer so chooses. (9) ~o Reliance on .~¢n;WriRen Representations of Lioen~¢¢ The padies acknowledge that no pady has received or retied on any representation made by any licensee which is not written in this Contract. O. ~¢l/er's R~¢resentations (1) No Notice of Lie~ Seller has no notice of any liens to be assessed against the real prope~y. (2) w~gr If the propedy's water is supplied by an on.site water well, Seer represents that: (al The water well has provided enough water for household use year-round; (b) To the besl of Seller's knowledge, the water is fit for human rnsumption; (c) TO the bes~ of Seller's knowledge the continued use of the we~l water is allowed under all relevant laws, ordinances and regulations. If Seller accepts Buyer's offer, Se~ler w~ll have, at Seller's expense, any on-site water well lhat supplies water for domestic use tested for nitrates and total coliform bacteria as required by ORS ~8.271. (1) Souare ~¢otaqe/Acreag~ Disclaimer " Neither Seller nor licensees represent the square footage of any struc[ure or the acreage of any land being purchased. ~f square footage or acreage is a material consideration, licensees advise that Buyer shou~d me~ure the structures and land before signing this Con~ract. (2) F~re Protection DiBtricNAo~roved Uses/Limit~. on Lawsuits Ag~[~st Farming or F¢rest Practices (This notice is required by law) THE PROPER~ DESCRIBED IN THIS ~NSTRUMENT MAY NOT BE WITHIN A FIRE PROTECTION DISTRICT PROTECTING STRUCTURES. THE PROPER~ tS SU~ECT TO ~NO USE ~WS ANO REGU~TIONS, WHICH, IN FARM OR FOREST ZONES, MAY NOT AUTHORIZE CONSTRUCTION OR SITING OF A RESIDENCE AND WHICH LIMIT ~WSUiTS AGAINST FARMING OR FOREST PRACTICES AS DEFINED IN ORS 80.930 IN ALL ZONES, BEFORE SIGNING OR ACCEPTING THiS INSTRUMENT, THE PERSON ACQUIRING FEE T~TLE TO THE PROPER~ SHOULO CHECK WiTH THE APPROPRIATE C~ OR COUN~ P~NN~NG DEPARTMENT TO VERIFY APPROVED USES AN0 EXISTENCE OF FIRE PROTECTION FOR STRUCTURES. Afl of the addltional terms contained on pages 3, 4 and 5 of this Contract are in~rporated into this Contract. By initialin9 here, each Buyer that s/he has read, understands and agrees to those terms, including the agreement to arbitra~e disputes and the waiver of Buyer's right (if any) to ~ juw trial ~f any claim, and rso acknowledges that any r~o appeal any award of an arbitrator is restricted. guyot s ~n~tia~ ~ gWeKs Initia~ ~ ~. E/NAL ACKNO W~¢DGMENT OEAGENOY RE~ TJONS~ TO BE COMPLETED AT TIME OF CONTRACT & RECEIPT FOR EARNEST MONEY: The following agen~ relationship(~) in this transaction is hereb~sented t9 a~owledged for the prope~: ~ ~ .... ~ ~ , ¢~/ . ~ (a)~ o ~ ~/,~ '~,, ~ (selling real estate licensee) o~ ' ~ o real e~ orginiz~n) ~ ~age~ (check one); ~ the buyer exclusively as an age~~veiy ~n agent of ~he seller. ~o~ the seller ~the b~yer as set out in the in-company agreement. ~ ~ ~ ~ ~ _ (b)~ ~.~ (listing agent if not the same es selling agent) (name of reat estat~rga~izatJo~he agent of (check One); ~ the seller exclusively as seller s agent. ~both the seller and't~e buyer as set rut in the in-company agreemenL . Buver'~ Buyer Offers to purchase the prope~ described on Page 1 of this Contract at the price and o~ the terms, contingencies and representations above. Buyer gives the licensee until 12:00 midnight on ~%~¢% /~ ,19~to obtain Seller's aesp[anco of this offer. Each Buyer acknowledges that at the time of signing this offer to purchasefeach Buyer has a legal du~ to acknowledge the existing agency relationship, if any (by use of a separate form). BUYER ACKNOWLEDGES THAT BUYER HAS READ AND FULLY UNDERSTANDS THIS CONTRACT (including Pad 8) AND HAS RECEIVED A TRUE, LEGIB~ COPY OF THIS CONTRACT. PART 2- RECEIPT FOR EARNE$1 MONEY CEIPT FOR ~ARNEST MONEY: The undersigned licensee acknowledges receipt of the Earnest Mo~ey described o~ Page 1 of th~s Contract ~ the lAVE ~EVIEWED ALL TERMS ON THIS PAGE AND NAVE RECEIVED A TRUE, LEGIBLE COPY OF THIS PAGE AND THE ENTIRE CONTRACT.