Common use of Homeowner’s Insurance Clause in Contracts

Homeowner’s Insurance. Completion of this transaction shall be contingent upon the Buyer's ability to 154 obtain a favorable written commitment for homeowner's insurance within 14 days after acceptance of this 155 Agreement. Buyer should consult with one or more insurance agents regarding optional, or additional, coverage. 156 157 M. ENVIRONMENTAL CONTAMINANTS ADVISORY/RELEASE: Buyer and Seller acknowledge that Listing Broker, 158 Selling Broker and all licensees associated with Brokers are NOT experts and have NO special training, knowledge or 159 experience with regard to the evaluation or existence of possible lead-based paint, radon, mold and other biological 160 contaminants ("Environmental Contaminants") which might exist and affect the Property. Environmental Contaminants 161 at harmful levels may cause property damage and serious illness, including but not limited to, allergic and/or respiratory 162 problems, particularly in persons with immune system problems, young children and/or the elderly. 163 164 Buyer is STRONGLY ADVISED to obtain inspections (see below) to fully determine the condition of the Property and its 165 environmental status. The ONLY way to determine if Environmental Contaminants are present at the Property at 166 harmful levels is through inspections. 167 168 Buyer and Seller agree to consult with appropriate experts and accept all risks for Environmental 169 Contaminants and release and hold harmless all Brokers, their companies and licensees from any and all 170 liability, including attorney's fees and costs, arising out of or related to any inspection, inspection result, 171 repair, disclosed defect or deficiency affecting the Property, including Environmental Contaminants. This 172 release shall survive the closing. 173 174 N. INSPECTIONS: (Check one) 175 176 Buyer has been made aware that independent inspections disclosing the condition of the property may be 177 conducted and has been afforded the opportunity to require such inspections as a condition of this Agreement. Produced with zipForm® by zipLogix 00000 Xxxxxxx Xxxx Xxxx, Xxxxxx, Xxxxxxxx 00000 xxx.xxxXxxxx.xxx

Homeowner’s Insurance. Completion of this transaction shall be contingent upon the Buyer's ability to 154 obtain 156 a favorable written commitment for homeowner's insurance within 14 N/A days after acceptance of this 155 Agreement. Buyer should consult with one or more insurance agents regarding optional, or additional, coverage. 156 157 M. 158 L. ENVIRONMENTAL CONTAMINANTS ADVISORY/RELEASE: Buyer and Seller acknowledge that Listing Broker, 158 159 Selling Broker and all licensees associated with Brokers are NOT experts and have NO special training, 160 knowledge or 159 experience with regard to the evaluation or existence of possible lead-based paint, radon, mold and 161 other biological 160 contaminants ("Environmental Contaminants") which might exist and affect the Property. 162 Environmental Contaminants 161 at harmful levels may cause property damage and serious illness, including but not 163 limited to, allergic and/or respiratory 162 problems, particularly in persons with immune system problems, young 164 children and/or the elderly. 163 164 165 166 Buyer is STRONGLY ADVISED to obtain inspections (see below) to fully determine the condition of the Property 167 and its 165 environmental status. The ONLY way to determine if Environmental Contaminants are present at the 168 Property at 166 harmful levels is through inspections. 167 168 169 170 Buyer and Seller agree to consult with appropriate experts and accept all risks for Environmental 169 171 Contaminants and release and hold harmless all Brokers, their companies and licensees from any 172 and all 170 liability, including attorney's fees and costs, arising out of or related to any inspection, inspection 173 result, 171 repair, disclosed defect or deficiency affecting the Property, including Environmental Contaminants. 174 This 172 release shall survive the closing. 173 174 N. 175 176 M. INSPECTIONS: (Check oneappropriate paragraph number) 175 176 177 178 Buyer has been made aware that independent inspections disclosing the condition of the property may be 177 conducted are available 179 and has been afforded the opportunity to require such inspections as a condition of this Agreement. Produced with zipForm® by zipLogix 00000 Xxxxxxx Xxxx Xxxx, Xxxxxx, Xxxxxxxx 00000 xxx.xxxXxxxx.xxx180

Homeowner’s Insurance. Completion of this transaction shall be contingent upon the Buyer's ability to 154 153 obtain a favorable written commitment for homeowner's insurance within 14 days after acceptance of this 155 154 Agreement. Buyer should consult with one or more insurance agents regarding optional, or additional, coverage. 155 156 157 M. ENVIRONMENTAL CONTAMINANTS ADVISORY/RELEASE: Buyer and Seller acknowledge that Listing Broker, 158 157 Selling Broker and all licensees associated with Brokers are NOT experts and have NO special training, knowledge or 159 158 experience with regard to the evaluation or existence of possible lead-based paint, radon, mold and other biological 160 159 contaminants ("Environmental Contaminants") which might exist and affect the Property. Environmental Contaminants 161 160 at harmful levels may cause property damage and serious illness, including but not limited to, allergic and/or respiratory 162 161 problems, particularly in persons with immune system problems, young children and/or the elderly. 162 163 164 Buyer is STRONGLY ADVISED to obtain inspections (see below) to fully determine the condition of the Property and its 165 164 environmental status. The ONLY way to determine if Environmental Contaminants are present at the Property at 166 165 harmful levels is through inspections. 166 167 168 Buyer and Seller agree to consult with appropriate experts and accept all risks for Environmental 169 168 Contaminants and release and hold harmless all Brokers, their companies and licensees from any and all 170 169 liability, including attorney's fees and costs, arising out of or related to any inspection, inspection result, 171 170 repair, disclosed defect or deficiency affecting the Property, including Environmental Contaminants. This 172 171 release shall survive the closing. 172 173 174 N. INSPECTIONS: (Check one) 174 175 176 Buyer has been made aware that independent inspections disclosing the condition of the property may be 177 176 conducted and has been afforded the opportunity to require such inspections as a condition of this Agreement. Produced with zipForm® Lone Wolf Transactions (zipForm Edition) 000 X Xxxxxxx Xx, Suite 2200, Dallas, TX 75201 xxx.xxxxx.xxx 2022 contracts 192 193 3. 194 BUYER WAIVES THE RIGHT TO HAVE INDEPENDENT INSPECTIONS 177 1. 178 179 180 181 182 183 184 2. 185 186 187 188 189 190 191 BUYER RESERVES THE RIGHT TO HAVE INDEPENDENT INSPECTIONS (including Lead-Based Paint) Buyer reserves the right to have independent inspections in addition to any inspection required by zipLogix 00000 Xxxxxxx Xxxx XxxxFHA, XxxxxxVA, Xxxxxxxx 00000 xxx.xxxXxxxx.xxxor Buyer's lender(s). All inspections shall be:

Homeowner’s Insurance. Completion of this transaction shall be contingent upon the Buyer's ability to 154 152 obtain a favorable written commitment for homeowner's insurance within 14 days after acceptance of this 155 153 Agreement. Buyer should consult with one or more insurance agents regarding optional, or additional, coverage. 156 157 M. 154 155 L. ENVIRONMENTAL CONTAMINANTS ADVISORY/RELEASE: Buyer and Seller acknowledge that Listing Broker, 158 156 Selling Broker and all licensees associated with Brokers are NOT experts and have NO special training, knowledge or 159 157 experience with regard to the evaluation or existence of possible lead-based paint, radon, mold and other biological 160 158 contaminants ("Environmental Contaminants") which might exist and affect the Property. Environmental Contaminants 161 159 at harmful levels may cause property damage and serious illness, including but not limited to, allergic and/or respiratory 162 160 problems, particularly in persons with immune system problems, young children and/or the elderly. 163 164 161 162 Buyer is STRONGLY ADVISED to obtain inspections (see below) to fully determine the condition of the Property and its 165 163 environmental status. The ONLY way to determine if Environmental Contaminants are present at the Property at 166 164 harmful levels is through inspections. 167 168 165 166 Buyer and Seller agree to consult with appropriate experts and accept all risks for Environmental 169 167 Contaminants and release and hold harmless all Brokers, their companies and licensees from any and all 170 168 liability, including attorney's fees and costs, arising out of or related to any inspection, inspection result, 171 169 repair, disclosed defect or deficiency affecting the Property, including Environmental Contaminants. This 172 170 release shall survive the closing. 173 174 N. 171 172 M. INSPECTIONS: (Check one) 175 176 173 174 Buyer has been made aware that independent inspections disclosing the condition of the property may be 177 conducted 175 and has been afforded the opportunity to require such inspections as a condition of this Agreement. Produced with zipForm® by zipLogix 00000 Xxxxxxx Xxxx Xxxx, Xxxxxx, Xxxxxxxx 00000 xxx.xxxXxxxx.xxxxxx.xxxXxxxx.xxx 176 1. 177 178 179 180 181 182 2. 183 184 185 186 187 188 189 190

Homeowner’s Insurance. Completion of this transaction shall be contingent upon the Buyer's ability to 154 152 obtain a favorable written commitment for homeowner's insurance within 14 days after acceptance of this 155 153 Agreement. Buyer should consult with one or more insurance agents regarding optional, or additional, coverage. 156 157 M. 154 155 L. ENVIRONMENTAL CONTAMINANTS ADVISORY/RELEASE: Buyer and Seller acknowledge that Listing Broker, 158 156 Selling Broker and all licensees associated with Brokers are NOT experts and have NO special training, knowledge or 159 157 experience with regard to the evaluation or existence of possible lead-based paint, radon, mold and other biological 160 158 contaminants ("Environmental Contaminants") which might exist and affect the Property. Environmental Contaminants 161 159 at harmful levels may cause property damage and serious illness, including but not limited to, allergic and/or respiratory 162 160 problems, particularly in persons with immune system problems, young children and/or the elderly. 163 164 161 162 Buyer is STRONGLY ADVISED to obtain inspections (see below) to fully determine the condition of the Property and its 165 163 environmental status. The ONLY way to determine if Environmental Contaminants are present at the Property at 166 164 harmful levels is through inspections. 167 168 165 166 Buyer and Seller agree to consult with appropriate experts and accept all risks for Environmental 169 167 Contaminants and release and hold harmless all Brokers, their companies and licensees from any and all 170 168 liability, including attorney's fees and costs, arising out of or related to any inspection, inspection result, 171 169 repair, disclosed defect or deficiency affecting the Property, including Environmental Contaminants. This 172 170 release shall survive the closing. 173 174 N. 171 172 M. INSPECTIONS: (Check one) 175 176 173 174 Buyer has been made aware that independent inspections disclosing the condition of the property may be 177 conducted 175 and has been afforded the opportunity to require such inspections as a condition of this Agreement. Produced with zipForm® by zipLogix 00000 Xxxxxxx Xxxx Xxxx, Xxxxxx, Xxxxxxxx 00000 xxx.xxxXxxxx.xxx.

Homeowner’s Insurance. Completion of this transaction shall be contingent upon the Buyer's ability to 154 152 obtain a favorable written commitment for homeowner's insurance within 14 15 days after acceptance of this 155 153 Agreement. Buyer should consult with one or more insurance agents regarding optional, or additional, coverage. 156 157 M. 154 155 L. ENVIRONMENTAL CONTAMINANTS ADVISORY/RELEASE: Buyer and Seller acknowledge that Listing Broker, 158 156 Selling Broker and all licensees associated with Brokers are NOT experts and have NO special training, knowledge or 159 157 experience with regard to the evaluation or existence of possible lead-based paint, radon, mold and other biological 160 158 contaminants ("Environmental Contaminants") which might exist and affect the Property. Environmental Contaminants 161 159 at harmful levels may cause property damage and serious illness, including but not limited to, allergic and/or respiratory 162 160 problems, particularly in persons with immune system problems, young children and/or the elderly. 163 164 161 162 Buyer is STRONGLY ADVISED to obtain inspections (see below) to fully determine the condition of the Property and its 165 163 environmental status. The ONLY way to determine if Environmental Contaminants are present at the Property at 166 164 harmful levels is through inspections. 167 168 165 166 Buyer and Seller agree to consult with appropriate experts and accept all risks for Environmental 169 167 Contaminants and release and hold harmless all Brokers, their companies and licensees from any and all 170 168 liability, including attorney's fees and costs, arising out of or related to any inspection, inspection result, 171 169 repair, disclosed defect or deficiency affecting the Property, including Environmental Contaminants. This 172 170 release shall survive the closing. 173 174 N. 171 172 M. INSPECTIONS: (Check one) 175 176 173 174 Buyer has been made aware that independent inspections disclosing the condition of the property may be 177 conducted 175 and has been afforded the opportunity to require such inspections as a condition of this Agreement. Produced with zipForm® by zipLogix 00000 Xxxxxxx Xxxx Xxxx, Xxxxxx, Xxxxxxxx 00000 xxx.xxxXxxxx.xxx176 1. 177 178 179 180 181 182 2. 183 184 185 186 187 188 189 190

Homeowner’s Insurance. Completion of this transaction shall be contingent upon the Buyer's ability to 154 152 obtain a favorable written commitment for homeowner's insurance within 14 days after acceptance of this 155 153 Agreement. Buyer should consult with one or more insurance agents regarding optional, or additional, coverage. 156 157 M. 154 155 L. ENVIRONMENTAL CONTAMINANTS ADVISORY/RELEASE: Buyer and Seller acknowledge that Listing Broker, 158 156 Selling Broker and all licensees associated with Brokers are NOT experts and have NO special training, knowledge or 159 157 experience with regard to the evaluation or existence of possible lead-based paint, radon, mold and other biological 160 158 contaminants ("Environmental Contaminants") which might exist and affect the Property. Environmental Contaminants 161 159 at harmful levels may cause property damage and serious illness, including but not limited to, allergic and/or respiratory 162 160 problems, particularly in persons with immune system problems, young children and/or the elderly. 163 164 161 162 Buyer is STRONGLY ADVISED to obtain inspections (see below) to fully determine the condition of the Property and its 165 163 environmental status. The ONLY way to determine if Environmental Contaminants are present at the Property at 166 164 harmful levels is through inspections. 167 168 165 166 Buyer and Seller agree to consult with appropriate experts and accept all risks for Environmental 169 167 Contaminants and release and hold harmless all Brokers, their companies and licensees from any and all 170 168 liability, including attorney's fees and costs, arising out of or related to any inspection, inspection result, 171 169 repair, disclosed defect or deficiency affecting the Property, including Environmental Contaminants. This 172 170 release shall survive the closing. 173 174 N. 171 172 M. INSPECTIONS: (Check one) 175 176 173 174 Buyer has been made aware that independent inspections disclosing the condition of the property may be 177 conducted 175 and has been afforded the opportunity to require such inspections as a condition of this Agreement. Produced 176 1. 177 178 179 180 181 182 2. 183 184 185 186 187 188 189 190 BUYER WAIVES THE RIGHT TO HAVE INDEPENDENT INSPECTIONS Buyer WAIVES inspections and relies upon the condition of the Property based upon Xxxxx's own examination and releases the Seller, the Listing and Selling Brokers and all licensees associated with zipForm® Brokers from any and all liability relating to any defect or deficiency affecting the Property, which release shall survive the closing. Required FHA/VA or lender inspections are not included in this waiver. BUYER RESERVES THE RIGHT TO HAVE INDEPENDENT INSPECTIONS (including Lead-Based Paint) Buyer reserves the right to have independent inspections in addition to any inspection required by zipLogix 00000 Xxxxxxx Xxxx XxxxFHA, XxxxxxVA, Xxxxxxxx 00000 xxx.xxxXxxxx.xxxor Xxxxx's lender(s). All inspections shall be: a. At Buyer's expense (unless agreed otherwise by the parties or required by lender); b. Conducted by licensed, independent inspectors or qualified independent contractors selected by Xxxxx within the following time periods. Seller shall have water, gas, electricity and all operable pilot lights on for Xxxxx's inspections. Seller must make all areas of the Property available and accessible for Buyer's inspection. 191 INSPECTION/RESPONSE PERIOD: 192 A. Initial Inspection Period: Buyer shall order all independent inspections after acceptance of the Purchase Agreement. 193 Buyer shall have 14 days beginning the day following the date of acceptance of the Purchase Agreement 194 to respond to the inspection report(s) in writing to Seller (see "Buyer's Inspection Response"). 195 B. Scope of Inspection: Inspections may include but are not limited to the condition of the following systems and 196 components: heating, cooling, electrical, plumbing, roof, walls, ceilings, floors, foundation, basement, crawl space, 197 well/septic, water, wood destroying insects and organisms, lead-based paint (note: intact lead-based paint that is in 198 good condition is not necessarily a hazard), radon, mold and other biological contaminants and/or the following: 199 .

Homeowner’s Insurance. Completion of this transaction shall be contingent upon the Buyer's ability to 154 152 obtain a favorable written commitment for homeowner's insurance within 14 days after acceptance of this 155 153 Agreement. Buyer should consult with one or more insurance agents regarding optional, or additional, coverage. 156 157 M. 154 155 L. ENVIRONMENTAL CONTAMINANTS ADVISORY/RELEASE: Buyer and Seller acknowledge that Listing Broker, 158 156 Selling Broker and all licensees associated with Brokers are NOT experts and have NO special training, knowledge or 159 157 experience with regard to the evaluation or existence of possible lead-based paint, radon, mold and other biological 160 158 contaminants ("Environmental Contaminants") which might exist and affect the Property. Environmental Contaminants 161 159 at harmful levels may cause property damage and serious illness, including but not limited to, allergic and/or respiratory 162 160 problems, particularly in persons with immune system problems, young children and/or the elderly. 163 164 161 162 Buyer is STRONGLY ADVISED to obtain inspections (see below) to fully determine the condition of the Property and its 165 163 environmental status. The ONLY way to determine if Environmental Contaminants are present at the Property at 166 164 harmful levels is through inspections. 167 168 165 166 Buyer and Seller agree to consult with appropriate experts and accept all risks for Environmental 169 167 Contaminants and release and hold harmless all Brokers, their companies and licensees from any and all 170 168 liability, including attorney's fees and costs, arising out of or related to any inspection, inspection result, 171 169 repair, disclosed defect or deficiency affecting the Property, including Environmental Contaminants. This 172 170 release shall survive the closing. 173 174 N. 171 172 M. INSPECTIONS: (Check one) 175 176 173 174 Buyer has been made aware that independent inspections disclosing the condition of the property may be 177 conducted 175 and has been afforded the opportunity to require such inspections as a condition of this Agreement. Produced 176 1. 177 178 179 180 181 182 2. 183 184 185 186 187 188 189 190 BUYER WAIVES THE RIGHT TO HAVE INDEPENDENT INSPECTIONS Buyer WAIVES inspections and relies upon the condition of the Property based upon Xxxxx's own examination and releases the Seller, the Listing and Selling Brokers and all licensees associated with zipForm® Brokers from any and all liability relating to any defect or deficiency affecting the Property, which release shall survive the closing. Required FHA/VA or lender inspections are not included in this waiver. BUYER RESERVES THE RIGHT TO HAVE INDEPENDENT INSPECTIONS (including Lead-Based Paint) Buyer reserves the right to have independent inspections in addition to any inspection required by zipLogix 00000 Xxxxxxx Xxxx XxxxFHA, XxxxxxVA, Xxxxxxxx 00000 xxx.xxxXxxxx.xxxor Xxxxx's lender(s). All inspections shall be: