For each section (and subsections) of the contract, explain what the section is, why it is important to the contract, and what your thoughts are on why it is needed.

THIS IS A IEGAIIY BINDING CONTHACT THAT WHI BFCOME FIVA. WIHIS THEFE BISNFES DAYS. THE CONTRACT. SEE SECTION ON ATTORNEY REVIEW FOR DETAIS CONTRACT OF SAL.E 1. PURCIIASE AGREF MENT AND PROPERTY DFSCRTPTION: Itayer. Soc- Sec= Sec Sec: Whose addrew is AGRERS TO PURCHASE FROM seller. Soc: Sec: : whose address is THROUGH THE HKOKER(S) NAMED IV THIS AGREFMEVT AT THE RRECE AVD TEBCVS STATED BELOW, THE FOL.LOWING PROPURTY: Preperty Address. Shown on the municigal tax misp of as lot Block Apgeximute sire of lat TUE WORDS "BUVER" AND "SELLKR" INCLLDE ALL BUVERS ANDSILJRS LSTDD ABONE. 2. PURCHASE. PRICE. The toeat purchase price is: 5 3. MANNER OF PAYMFYT. by Cashor en chosk, for which this is a neceipt: 5.1,0000 B. Additional depasit to te puid by Benter on of before 10 deg efier etharnor moniow (datet 5 All deposit montes paid by the Buyer shail be held in exrew in the MON-LSIEREST BEMRIVG Tgust ACCOUNT of Seller's Amerme , Furremes, watil deing of titte, at which time all monies shall be paid over to the Seller. The deposit noeies shall ave be puid ever to moeics in Court moquesting the Court to resolve the dispule C. W PERFORNANCE BY DUVER IS COVTIVENT LHON OETANIG A MOKTGMGE. The Buyer agrees to apply immediately for a morigage loan threogh amy lending italitation of the Buyet's required by said lending institution. Failure of Buyer to comply with the forroine in good frith, ihall be deemed a breach of this Contract of Sale. The amouat of mentyege lon magired by the Buyer is B(A.R.M.) more than - Points. IF THE MORTGAGE LOAV HAS NOT DEEV ARRANGED, OR IF THE BUYEH HAS NOT NOTIFIED SEILE.R OF BLVER'S DECISION TO COMPLETE THE TRANSACTION WITHOUT OBTAINING A MORTGAGE CONMITMENT, ON OR BEFORE. (DATE) THEN EITHER BUVFR OR SEL.HF MAY VOHD THIS party alall be in aecondanee widh Section 21 of the Agreemert. D. BALANCE. OV PURCHASE PRICE. The balance of the purches price shall be puid by cakk certifind check of Antorey's Tnat Account check on detivery of a Bergein and Sale Denf = CiG (Type of Deed). Tiale to the Property will be free from all claime oe rights of olhers, except as descrbed in Sections 6,7 , and 8 of this A preenent. The deed shall coenin the full legel description of the Property. Payment of the talince of the purchase prise te Buyer and delivery of the dool and affenenit of title by Seller occur at the "Closing " The Closing will thile place on or befire at the office of Bager') Antaraey the Seller and the Beryer miny apree. TOTAL PURCHASE. PRICF. 4. BUVERH ANCTALIY ABIETOCLOSE- Buyer represents that Buyer has sufficient cash available (logether with the mortpege referred to in Section 5) to esemplsto this purchase