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Contract - Jerry and Linda Bradley - 7/9/2015
TEXAS ASSOCIATION OF REALTORS® COMMERCIAL CONTRACT AMENDMENT USE OF THIS FORM BY PERSONS WHO ARE NOT MEMBERS OF THE TEXAS ASSOCIATION OF REALTORSS IS NOT AUTHORIZED. ©Texas Association of REALTORSO,Inc.2010 AMENDMENT TO COMMERCIAL CONTRACT BETWEEN THE UNDERSIGNED BUYER AND SELLER - - CONCERNING THE PROPERTY AT A Dorti.on of Lot 1 , of Bear Creek Place Effective June 17 , 2015 , Seller and Buyer amend the contract as;follows: (Check all applicable boxes.) ❑ A. Sales Price: The sales price in Paragraph 3 of the contract is changed to: Cash portion payable by Buyer at closing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 950 ,000.00 Sum of all financing described in the contract . . . . . . . . . . . . . . . . . . . . . . . $ Sales price (sum of cash portion and sum of all financing) . . . . . . . . . . . . . . . . . .$ 950 ,000.00 d B. Property Description: The Property's legal description in Paragraph 2A of the contract is changed to: A portion of Lot 1, of BEAR CREEK PLACE, an addition in and to the City of Round. Rock, Williamson County, Texas, according to the map or plat thereof recorded in Cabinet K, Slides 63-64, Plat Records, Williamson County, Texas, SAVE AND EXCEPT 9.821 acres of land conveyed to Williamson County in deed recorded under Document No. 2001070824 and corrected under Document No. 2005093404 Official Public Records, Williamson County, Texas. And Bear Creek Place, Lot 1 (PT) , 2.59 acres. WCAD No. R330703. Commonly known as 2721 Sam Bass Road, Round Rock, Texas 78681. ❑ C. Repairs: Buyer accepts the Property in its present condition except that Seller, at Seller's expense, will complete the following before closing: ij li i �HH I R (T ) Y � AR-1932 1-26-10 Initialed for Identification b Se er: and Du er Page 1 of 2 - Y 9 Summit Commercial 20 Chisholm Trail Round Rock,TX 78681 Phone:(>12)244-9707 Fax: Russ Boles Jerry Bradley Produced with ZipForrn5 by zipLogix 18070 Fifteen Mile Road,Fraser,Michigan 48026 www.ziQl ogix.com Amendment to Commercial Contract concerning portion of Lot 1, of Bear Creek Place D. Extension of Feasibility Period: For nominal consideration, the receipt df which Seller acknowledges, and the consideration described under (1) or (2) below, if any, Buyi;er's right to terminate under Paragraph 7B of the contract is extended until 11:59 p.m. on September 30 . 2015 D (1) The independent consideration for Buyer's right to terminate that will!be deducted from the earnest money if Buyer terminates the contract under Paragraph 7B(1) is increased to a total amount of $ (Insert an amount greater than the amount in Paragraph 78(1)of the contract.) d (2) Buyer has paid Seller additional consideration of$ 3.000. 00 for the extension. This additional consideration d will ❑ will not be credited to the sales price upon the closing of the sale. d E. Closing: The closing date in Paragraph 10A of the contract is changed to October 1S , 2015 ❑ F. Expenses: At closing Seller will pay the first $ of Buyer's expenses under Paragraph 13 of the contract. D G. Waiver of Right to Terminate: Upon final acceptance of this Amendment, Buyer waives the right to terminate under Paragraph 7B of the contract. d H. Other Modifications: ,i li 1. Seller is selling persuant to Section 1033 of the IRS Code. 2. Buyer may lease the Property back up to six (6) months, with the rental amount being part of the Sale Price. it I i i ii �i 1 i Seller: Buyer: City of Round Rock By: JerrV T. Bradle By: By(signatu e): By(signature): Printed Name. Printed Name: !h Title: Title: NA2kyw— By: Linda L. Bradle -By: By(signature : IAZn By(signature): Vy� VV J Printed Name: . L//l/L�/-} L.- ' RTL Printed Name: Title: Title: (TAR-1932) 1-26-10 Page 2 of 2 Produced with zipForm®by zipLogix 18070 Fifteen Mite Road,Fraser,Michigan 48026 v.�vrv.zioLogix.com Jerry Bradley