CONTRACT FOR THE SALE & PURCHASE OF REAL ESTATE

and/or assigns, their heirs, successors, administrators and assigns, as Buyer.

WITNESSETH: That Seller, in consideration of the payments, covenants, agreements and conditions herein contained which on the part of the Buyer are to be made, done and performed, has this day sold, upon the conditions hereinafter recited, to the Buyer the real property legally described as:

INSURANCE: As consideration for this purchase the Seller will assign all insurance policies on the property to the Buyer and Seller will grant a limited power of attorney to the Buyer to deal with the lender(s) and insurance provider(s

RISK OF LOSS: If subject property is damaged prior to transfer of title, Buyer has the option of accepting any insurance proceeds with title to the property in "as is" condition or of canceling this contract and accepting the return of the deposit.

PRORATIONS: Real property taxes will be prorated based on the current year's tax without allowance for discounts, including homestead or other exemptions and paid by the seller. Rents will be current and be prorated as of the date title transfers.

DEFECTS: Seller warrants subject property to be free from hazardous substances and from violation of any zoning, environmental, building, health or other governmental codes or ordinances. Seller further warrants that there is no material or other known defects or facts regarding this property, which would adversely affect the value of said property.

NO JUDGMENTS: Seller warrants that there are no judgments threatening the equity in subject property, and that there is no bankruptcy pending or contemplated by any titleholder. Seller will not further encumber the property and an affidavit may be recorded at Buyer's expense putting the public on notice that the closing of this contract will extinguish liens and encumbrances hereafter recorded.

POSSESSION: Possession of the property and occupancy (tenants excepted), with all keys and garage door openers, will be delivered to the Buyer when title transfers. Leases and security deposit will transfer to the Buyer with title.

INSPECTIONS: This contract is contingent upon the Buyer's inspection and approval of the property prior to transfer of title. Seller agrees to provide access to the Buyer's representatives prior to transfer of title for inspection, repairs and to market the property. If property is vacant seller agrees to provide buyer with a key to the property so that the buyer may place the property on a lockbox.

ACCEPTANCE: This instrument will become a binding contract when accepted by the Seller and signed by both Buyer and Seller. Ifit is not

DEPOSIT: Upon acceptance and final approval Buyer will place in escrow an earnest money deposit of

SELLER: Agrees that the buyer may place signs and show the property immediately upon acceptance of this contract by both parties.

which the buyer/seller shall be permitted to clear any title problems.

TIME IS OF THE ESSENCE with the agreement. Each contingency contained herein shall be satisfied according to its terms by the closing date or the contract extends to provide time for satisfaction of said contingencies. Seller grants the buyer the ability to extend the closing date up to an additional 30 days if needed with notice to the seller, without any additional consideration. Each party shall diligently purse the completion of this transaction. Each warranty herein made surveys the closing of this transaction. In the event the Buyer has to file a court action to enforce the terms of this contract the Buyer shall be entitled to recover its costs of doing so, including its reasonable attorney fees.

PROHIBITION: This agreement establishes a prohibition against transfer, conveyance or encumbrance to the property.