OFFER ONLY; BUYER'S REPRESENTATIONS. BUYER ACKNOWLEDGES THAT BUYER HAS READ AND UNDERSTANDS EACH AND EVERY PART OF THIS AGREEMENT AND EXECUTION OF THIS AGREEMENT BY BUYER ALONE SHALL CONSTITUTE ONLY AN OFFER TO PURCHASE. UPON BUYER'S EXECUTION OF THIS AGREEMENT, SELLER, OR SELLER'S AUTHORIZED AGENT, MAY HOLD THE INITIAL DEPOSIT UNTIL SUCH TIME AS SELLER ACCEPTS THIS AGREEMENT. SELLER RESERVES THE RIGHT TO REFUSE TO ACCEPT SUCH OFFER FOR ANY REASON. IF THE OFFER IS NOT ACCEPTED, SELLER SHALL RETURN THE INITIAL DEPOSIT TO BUYER. UPON ACCEPTANCE BY SELLER AND RECEIPT OF THE FULLY EXECUTED AGREEMENT AND THE INITIAL DEPOSIT HEREIN, ESCROW HOLDER SHALL PROMPTLY DELIVER A COPY OF THE ACKNOWLEDGED AGREEMENT TO BUYER AND ESCROW SHALL BE DEEMED TO BE OPENED AND THIS AGREEMENT SHALL BE BINDING UPON BUYER AND SELLER. THIS IS A LEGALLY BINDING CONTRACT. READ IT CAREFULLY BEFORE SIGNING. THIS AGREEMENT SHALL NOT CONSTITUTE A BINDING AGREEMENT OF PURCHASE UNTIL IT IS SIGNED BY SELLER AND A FULLY EXECUTED COPY IS DELIVERED TO BUYER. OFFER TO PURCHASE BY BUYER: Date: Buyer (Signature): Buyer (Print Name): Buyer (Signature): Buyer (Print Name): Mailing Address: City: State: _ Zip Code: Home Phone: Business Phone: Cell Phone: Email Address:
