I need help with an assignment in my Contracts and addenda course.

USE THE SAMPLE CLIENT DATA BELOW TO DRAFT THE APPROPRIATE FORMS. INCLUDE ONE CONTRACT, ONE FINANCING ADDENDUM, AND ANY APPLICABLE ADDENDA NEEDED BASED ON THE CLIENT DATA PROVIDED.

GRADED BASED ON SELECTING THE CORRECT FORMS, THE PLACEMENT OF THE CONTENT ON THE FORMS, AND YOUR DESCRIPTION OF THE PURPOSE AND BENEFITS OF EACH FORM.

PARTIES

Buyers NAME:Jim Brownstone and wife Ruth Brownstone

Sellers NAME:Bettye Hill, an unmarried person

Effective Date: All parties signed, initialed, and dated the contract on April 2, 2024

PROPERTY:

Property Address: 2345 Merryville Blvd, Anytown, Texas 78119

Property built in 1975

Legal Description: Lot 2 Block 12, Crestwood Village Addition, City of Anytown, County of Brazos, Texas, known as 2345 Merryville Blvd

FINANCING TERMS:

SALES PRICE: $350,000

CASH DOWN PAYMENT: $12,500

AMOUNT FINANCED: $337,500

LENDER NEEDS 21 DAYS FOR BUYER APPROVAL

LOAN TYPE: FHA SECTION 203-b

LEASES:

THERE ARE NO LEASES

EARNEST MONEY AND OPTION TERMINATION:

EARNEST MONEY: $3,500

OPTION FEE: $500

OPTION PERIOD: 7 DAYS

ADDITIONAL EARNEST MONEY: $500

DELIVERY OF ADDTIONAL EARNEST MONEY: 5 DAYS

TITLE COMPANY:

RESOURCES ONE TITLE COMPANY

1288 COLONIAL AVE, WACO, TX 77777

SELLER DOES NOT HAVE AN EXISTING SURVEY. Buyer will purchase new survey within 7 days after the effective date of the contract.

BUYER ASKING SELLER TO PURCHASE THE TITLE POLICY

PROPERTY OWNERS' ASSOCIATION:

HOME IS IN A PROPERTY OWNERS ASSOCIATION. THE NAME OF THE ASSOICATION IS PROPERTY BROTHERS MANAGEMENT CO, PHONE # 682-555-7777

SELLER WILL PROVIDE THE SUBDIVISION DOCUMENTS WITHIN 7 DAYS AFTER THE EFFECTIVE DATE.

SELLER'S DISCLOSURE NOTICE:

BUYER HAS NOT RECEIVED A COPY. SELLER SHOULD PROVIDE THE SELLER'S DISCLOSURE NOTICE TO THE BUYER WITHIN 7 DAYS AFTER THE EFFECTIVE DATE.

RESIDENTIAL SERVICE CONTRACT aka HOME WARRANTY:

BUYER ASKING FOR $750 for RESIDENTIAL SERVICE CONTRACT

POSSESSION:

SELLER WILL REMAIN IN THE HOME FOR 14 DAYS AFTER THE CLOSING DATE SO THEY CAN PROPERLY MOVE.

SETTLEMENT AND OTHER EXPENSES:

BUYER ASKING SELLER FOR $3,000 IN CONCESSIONS

CLOSING DATE:

May 7, 2024

AGREEMENT OF PARTIES:

SELECT THE APPROPRIATE BOX(S) OF ALL ADDENDA ATTACHED TO THE CONTRACT.

INSTRUCTIONS:

1. Draft a Word Document

In the WORD document, answer the following questions:

• What is the purpose and benefits of each form you selected to DRAFT the case study?
• What is the purpose and benefits of each form you selected to DRAFT the case study?
• Where did you locate the forms used to finish your project?

2. Attach correct forms with the information given filled out.