Common use of New Loan Clause in Contracts

New Loan. Buyer agrees to apply for a new loan as ------------------------ provided in Section 2~3. Buyer will apply for one or more of the following loans: [ ] CONVENTIONAL [ ] FHA [ ] VA [ ] OTHER (specify)______________________________ If an FHAWA loan applies, see attached FHANA Loan Addendum If the loan is to include any particular terms, then check below and give details: [ ] SPECIFIC LOAN TERMS ________________________ $ 0 (c) Loan Assumption (see attached Assumption Addendum ------------------------ if applicable) $ 480,000 (d) Seller Financing (see attached Seller Financing ------------------------ Addendum if applicable) $ 520,000 (e) Other (specify) See Addendum #1 ------------------------ ----------------------- $ 0 (f) Balance of Purchase Price in Cash at Settlement ------------------------ $ 1,000,000 PURCHASE PRICE. Total of lines (a) through (f) ------------------------

New Loan. Buyer agrees to apply for a new loan as ------------------------ provided in Section 2~3. Buyer will apply for one or more of the following loans: [ ] CONVENTIONAL [ ] FHA [ ] I VA [ ] I OTHER (specify)) _______________________________________ If an FHAWA loan applies, see attached FHANA Loan Addendum If the loan is to include any particular terms, then check below and give details: [ ] SPECIFIC LOAN TERMS ________________________ $ 0 60,000 (c) Loan Assumption (see attached Assumption Addendum ------------------------ if applicable) $ 480,000 0 (d) Seller Financing (see attached Seller Financing ------------------------ Addendum if applicable) $ 520,000 1,940,000 (e) Other (specify) See Refer to Addendum #1 ------------------------ ----------------------- ---------------------------- $ 0 (f) Balance of Purchase Price in Cash at Settlement ------------------------ $ 1,000,000 2,000,000 PURCHASE PRICE. Total of lines (a) through (f) ------------------------

New Loan. Buyer agrees to apply for a new loan as ------------------------ provided in Section 2~32.3. Buyer will apply for one or more of the following loans: [ ] CONVENTIONAL [ ] FHA [ ] VA [ ] OTHER (specify)) ______________________________ . If an FHAWA FHA/VA loan applies, see attached FHANA FHA/VA Loan Addendum Addendum. If the loan is to include any particular terms, then check below and give details: [ ] ]SPECIFIC LOAN TERMS ___________TERMS_____________ $ 0 $______ (c) Loan Assumption (see attached Assumption assumption Addendum ------------------------ if applicable) $ 480,000 $89,500 (d) Seller Financing (see attached Seller Financing ------------------------ Addendum if applicable) $ 520,000 $_____ (e) Other (specify) See Addendum #1 ------------------------ ----------------------- $ 0 )___________ $10,000 (f) Balance of Purchase Price in Cash at Settlement ------------------------ $ 1,000,000 $100,000 PURCHASE PRICE. Total of lines (a) through (f) ------------------------)

New Loan. Buyer agrees to apply for a new loan as ------------------------ provided in Section 2~32.3. Buyer will apply for one or more of the following loans: [ ] CONVENTIONAL [ ] FHA [ ] VA [ ] OTHER OTHER(specify)__________________________. If an FHA/VA loan applies, see attached FHA/VA Loan Addendum. If the Loan is to include any particular terms, then check below and give details. [ ] SPECIFIC LOAN TERMS____________________________. _____________ (specifyc) Loan Assumption (see attached Assumption Addendum, if applicable) __ $89,500.00 (d) Seller Financing (see attached Seller Financing Addendum if applicable) _____________ (e) Other(specify)______________________________ If an FHAWA loan applies, see attached FHANA Loan Addendum If the loan is to include any particular terms, then check below and give details: [ ] SPECIFIC LOAN TERMS ________________________ $ 0 (c) Loan Assumption (see attached Assumption Addendum ------------------------ if applicable) $ 480,000 (d) Seller Financing (see attached Seller Financing ------------------------ Addendum if applicable) $ 520,000 (e) Other (specify) See Addendum #1 ------------------------ ----------------------- $ 0 ___$10,000.00 (f) Balance of Purchase Price in Cash at Settlement ------------------------ $ 1,000,000 $100,000.00 PURCHASE PRICE. Total of lines (a) through (f) ------------------------------------ Seller's Initials /s/BSC CC Buyer's Initials /s/ BT