NOTICE ‘TO BUYER AND SELLER READ THIS NOTICE BEFORE SIGNING THE CONTRACT ‘The Law requires real estate brokers to give you the following information before you sign this contract. It requires us to tell you that you must read all of it before you sign. The purpose is to help you in this purchase or sale. 1) As a real estate broker, I represent: ithe seller, not the buyer; the buyer, not the seller; Ohoth the seller and the buyer; EIneither the seller nor the buyer. le company does not represent either the seller or the buyer: 2) You will not get any legal advice unless you have your own lawyer. Neither I nor anyone from the title com- pany can give legal advice to either the buyer or the seller. If you do not hire a lawyer, no one will represent you in legal matters now or at the closing Neither I nor the title company will represent you in those matters. 3) The contract is the most important part of the transaction, It determines your rights, risks, and obligations. Signing the contract is a big step. A lawyer would review the contract, help you to understand it, and to negoti= ts terms. 4) The contract becomes final and binding unless your lawyer cancels it within the following three business days. If you do not have a lawyer, you cannot change or cancel the contract unless the other party agrees. Nei= ther can the real estate broker nor the title insurance company change the contract. 5) Another important service of a lawyer is to order a survey, title report, oF other important reports, The lawyer will review them and help to resolve any questions that may arise about the ownership and condition of the property. These reports and survey can cost you a lot of money. A lawyer will also prepare the documents needed to close title and represent you at the closing, 6) A buyer without a lawyer runs special risks, Only a lawyer ean advise a buyer about what to do if problems arise concerning the purchase of this property: The problems may be about the seller’ title, the size and shape of the property, or other matters that may affect the value of the property. If either the broker or the title ea pany knows about the problems, they should tell you, But they may not recognize the problem, see it from your point of view, or know what to do. Ordinarily, the broker and the tile company have an interest in seeing that the sale is completed, because only then do they usually receive their commissions. So, their interests may differ from yours. 7) Whether you retain a lawyer is up to you. It is your decision. The purpose of this notice is to make sure that you have the information needed to make your decision. an Bind ia, oH ATT CYT DATE SETTER DATE. BUYER TATE. — mr WCF oa SETTER TATE “BUYER TTT Tasting Broker Prepared by: Cila Walkin REALLORS® Forms 116-Statowide | 11/2022 Page I of 142 33} 34] 35 36 37] 38 39 40) 41 2 48 4 45] 46) a7 49 50 ‘STATEWIDE NEW JERSEY REALTORS® STANDARD FORM a (OF REAL ESTATE SALES CONTRACT B& FASS tumsronwtvy weusen ony em sanz of hose 10 FOUR AAMmLY RESIDENTIAL PROPERTY OR VACANT ONE-FAMILY LOTS, THIs FORM IS SUITABLE FOR USE ONLY WHERE THE SELLER HS NEW JERSEY. PREVIOUSLY EXEGUTED A WRITTEN LISTING AGREEMENT, ‘THIS IS A LEGALLY BINDING CONTRACT THAT WILL BECOME FINAL WITHIN THREE BUSINESS DAYS. DURING THIS PERIOD YOU MAY CHOOSE TO CONSULT AN ATTORNEY WHO CAN REVIEW AND CANCEL THE CONTRACT, SEE SECTION ON ATTORNEY REVIEW FOR DETAILS, ‘TABLE OF CONTENTS 1 PTS av PROPER 1s cRSspooL REQUIRESMENTS 2 DECLARATION OF AROKERS SRT ET In onetiON Keats om 2a. naiam tien * gusta sb NsoRARLTY OF 2 at ASD tras wn a 1, PARTIES AND PROPERTY DESCRIPTIO! ‘Adam Enock Buyer”) ayer”), whose address is/are ‘AGREES TO PURCHASE FROM Veniamin Frenkel Seller”), Channa Frenkel Seller"), ‘Sel “Seller” whose address is/are 1195 W County Line Rd, Lakewood, NJ 08701 THROUGH THE BROKER(S) NAMED IN THIS CONTRACT AT THE PRICE AND TERMS STATED BELOW, THE FOLLOWING PROPERTY: Property \ddess: 1195 W County Line Rd, Lakewood, NJ 08701 shown'on the municipal ax mip of 1500027000000023 County Ocean Pe 2s Block 27 Loi 23, (the “Property” Qualifier i the Property is « condominium). ‘THE WORDS “BUYER” AND “SELLER” INCLUDE ALL BUYERS AND SELLERS LISTED ABOVE. 2. PURCHASE PRICE: TOTAL PURCHASE PRICI $780,500.00 INITIAL DEPOSIT ADDITIONAL DEPOSIT . MORTGAGE : sae $ 543000, BALANCE OF PURCHASE PRICE 5 18750000 Newey REALTORS" orm 18Sintoide | 1/2022 Page 20h 4 Bage’s St A Ba5 82 53 35, 56 57 59 60 61 62 63 a 65 67 69 0 n n 3 “4 75 6 7 nm 0 at 2 as a a5 36 87 a9 oO 93 ot 95 96 7 100] 101] 102] 103] 104] 103| 106 107] 108} 105) 110] 3. MANNER OF PAYMENT: (A) INITIAL DEPOSIT to be paid by Buyer to Listing Broker C)Participating Broker EX Buyers Anorney. Cite Company Doiter +03 or befire date) (FI lank, then within five (5) bbusiness days alter the Tilly igned Contract has hcen delved to both the Buyer and the Seen 'B ADDITIONAL DEPOSIT to be paid by Buyer to the party who will be responsible fr holding the escrow who is identified below fon or before late) i lef lan, then within ten (10) calendar days ale dhe fly signed Contract has been delivered to both the Buyer and the Seller ial and additional deposit monies paid by Buyer shall be held in escrow in the NON-INTEREST BEARING TRUST ACCOUNT of » (“Escrowee”), until the Closing, at which time all ‘monies shall be paid over to Seller. Tie deposit monies shall ot be paid over to Seller pri to the Closing, unless otherwise agreed in writing by both Buyer and Selle. If Buyer and Seller eannot agree on the disbursement of these eserow monies, the Esctowce may place the deposit monies in Court requesting the Cout eo resolve the dispute 'D) IF PERFORMANCE BY BUYER IS CONTINGENT UPON OBTAINING A MORTGAGI IF payment of the ps Buyer shall apply for the loan through any lending insti hase price requires ® mortgage loan other than by Selle or other than assumption of Sellers mortgage, of Buyer’s choice in writing om lenders standard form within ten (10 Calendar days ater the attorney-review period is completed or, it this Contract is timely disappmoved hy an attorney as previded in the Attomney-Review Clause Section of this Contract, then within ten (10) ealendar days ater the parties agree othe terms of this Contract, and use best elfors 19 obtain it, Buyer shall supply all necessary information and fes required by the proposed lender and shall authorize the lender to communicate with the real este brokers) and involved attorney), Buyer shal obtain a written commitment fiom the Jendling institution to make a loan on the property under the flowing terms: Principal Amount, Typeot Mortgage: OVA DIFHA Dscction 2054) EXconventional Other Term of Mortgage years, with monthly payments based on a year payment schedile The writen mortgage co atcorney.if applicable, no later than 45 Days date i Fee blank, chen within thet (30) calendar days alter the attorney-review perio is completed or, this Contract h Ainely Gay TS timely deappronel y an attorney as pronided in the Atcorney-Review Cause Section of this Contract, then within thiry (30, calendar days after the parties agree to the teems of this Contract. Thereafter, if Buyer has not obtained the commitment, then either Buyer oF id this Contract by item notice to the ther party and Broker() within ten (19) calendar days of the commitment date or any extension of the commitment date, whichever i later I this Contract is voided, the deposit monies pail by Buyer shall be returucd to Buyer notwithstanding any other provision in this Contract, provided, however, if Seller alleges in writing co Escrowee within said ten (10) calendar days of the commitment date or any entension of ‘the commitment date, whichever slate, tha the failure to obtain the mortgage commitment isthe result of Buyer's bad faith, negligence, intentional conductor failure to diligently pursue the mortgage application, then Escroee shall not return the deposit monies to Buyer ‘without the written authorization of Seller. If Buyer has applied for Section 205k) financing this Contract is contingent upon mortgage approval and the Buyer's acceptance of additional required repairs as determined by the lenler iE) BALANCE OF PURCHASE PRICE: ‘The balance of the purchase price shall be paid by Buyer in cash, or by certified, cashier's ‘heck oF trust account check, Payment of the balance of the purchase price by Buyer shall be made 60 Days {date tthe office of Buyers closing agent or such other place w Seller ‘and Buyer may agree (the Clown he closing which will ake place on 4. SUFFICIENT ASSED Buyer represents that Buyer has or will have as of the Closing all necessary cash asets, together with the mortgage loan proceeds, to ‘complete the Closing, Should Buyer not have suficenteash assets at dhe Closing, Buyer willbe in breach of this Contract and Seller shall, be entitled to any: remedies as provided by lv 5. ACCURATE DISCLOSURE OF SELLING PRICE: Buyer and Seller cenit that chis Contract accurately reflects the gross sale price as indicated in Section 2 of this Contract. Buyer and Seller understand and agree that this infor quite by avs, ation shall be disclosed tothe Internal Revenue Service and! other government agencies as 6. ITEMS INCLUDED IN SALE: The Property includes all fixtures permanenily attached to the buik ng’), and all shrubbery, plantings and fencing, gas and electric fixtures, cooking ranges and ovens, hot water heaters, flooring, screens, storm sashes, shades, blind, avwnings, radiator covers, heating soc Buyer's Initiate: [= ‘New Jersey REALTORS! Horm |8-Statowide | 11/2022 Payay in| 13 114] 15 16 nq] na] ng 120) 121 12 123 1a 125} 125 127] 128 129) 130] 131 132 133] 134] 135 136 137] 138] 139] 40) M1 12 145 144 15) 6 47] ua M49) 150) 131] 152 153] 154] 135] 156) 157 158 159) 160) 161 162 163 164 165} 166) 167 168} 169] 170] pparats and sump pumps if any, except where owned by tenants, are included inthis sale. All of the appliances shall he in working order as of the Closing Seller does not guarantee the condition of the appliances after the Deed and affidavit of tite have been delivered to Buyer at the Closing, The following items are also specifically include (If reference is made to the MLS Sheet and/or any other document, then the documents referenced should be attached 7. ITEMS EXCLUDED FROM SALE: If reference is mace wo the MLS Sheet and/or any other dacument, then the documents) referenced should be attached ) 8, DATES AND TIMES FOR PERFORMANCE: Seller and Buyer agree that all dates and times included in this Contract are of che essence, This means that Seller and Buyer must satisfy the terms of this Contract within the tiene limits that are set in this Contractor willbe in default, except as otherwise provided in this Gontract or required by apical including bt tite t ifthe Closing has toe delayed either because a ender dors no tincly Drovide documents through no fait of Buyer Seller or for thre (3) business days because of the change of term as required by the Consumer Financial Proeetion Bu 1 Seller requests that any addendum or other document be signed in connection with this Contract, “inal execution date,” “acknowl: ‘cgement date,” o similar language contained in such document that sets the time period for the completion of sencies, including but not limited to inspections and fusancing, shall mean that the tite will begin to nun after the attorney-review period '8 completed or, if this Contract is timely disapproved hy an attomney as provided in the Attorney-Review Clause Section of this Contract, then from the date the partes agree tothe terms of this Conteace y conditions or contin Buyer selects ‘Closing Agent") as the tide company: atorney or other entity or person to cone sluet the Closing Ifthe Closing Agent is an entity or person other than the Buyers attorney, Buyer agrees to timely eontact the Closing Agent to schedule the Closing after the attonneysrevirw period is completed of ifthe Contract is timely disapproved by an attorney as provided in the Avorney-Review Clause Section of this Contract, then after the parties agree tothe terms of this Contract 9. CERTIFICATE OF OCCUPANCY AND ZONING COMPLIANCE: Seller makes no representations concern of any zoning ordinances, exiting zoning ordinances, except that Sellers use of the Property not presently in violation ‘Some municipalities may require a Certificate of Oceupaney or Housing Code Letter to be issued If any is required for ths Property, Seller shall obtain it at Seller's expense and provide to Buyer prior t Closing and shall be responsible to make and pay for any repre requited in order to obtain the Cenificate or Letter. Howe, if this expense exceeds § fi left Bank, then 1.5% of the purchase price) to Sele, hen Seller may terminate this Contract and refund to Buyer all depen if any in connection with this transaction unless Buyer elects to make repairs in exces of sa Seller shall not have the right to terminate this Contract, In addon, Seller shall comply with all New Jersey law, including bu nc i be pid by Seller and no be considered as a repair cost. plus Buyer's reasonable expenses, amount at Buyer’s expense, in which event 1 Jal ordinances, ted 10 smoke detectors, carhon monoxide detcetor, fire extinguishers and indoor sprinklers, the cost of which shall 10. MUNICIPAL ASSESSMENTS: (Seller represents that Seller C)has Chas not been notified of any such municipal assessments as explained in this Section.) Title shall be free and lear of all assessments for assessments and lables for future assessments for improvements constructed and completed. All confirmed assessments and all ‘unconfirmed assessments that have been oF may be imposed by the municipality for improvements that have been completed a of the nicipal improvements, including but not limited to municipal fens, as well as Cing are tbe paid in fll by Seller or credited to Buyer atthe Closing confirmed assessment isa lien against the Property, An unconfirmed assessment isa potential Ken that, when approved by the appropriate gouernmental entity, will come a legal claim against the Property 11. QUALITY AND INSURABILITY OF TITLE: ‘At the Closing, Seller shall deliver a duly executed Bargain and Sa to Boyer: Title to the Property wil e free from all claims or rights of others, except as desered ia this Section Contract. The Deed shal contain the full egal description of the Properts € Deed with Covenant as to Grantors Aets ot ather Deed satisfactory nd Section 12 of thie New Joey REALTORS? firm 118-Statowide | 11/2022 Page tot Buyer's Seller'sim 12 173 174 15 16 17] 178) 179) 180) 181 182] 183} ra] 185} 186 187] 183 169) 190) 191 192] 193] 194] 195 196 197 199 199] 200 201 202 203 204 205 207 210) au 212 213 a4 215 216 27 218 219 20 221 222 23 224 225 26 27 28 229 ‘Tis sale willbe subject to utility andl other easements and restrictions of record if any, and such state of acts as an accurate survey might disclose, provided such easement or restriction does not unreasonably limit the use of the Property erally, an easement isa right of a person other than the owner of property ta use a portion of the property for a special purpose. A restition isa recorded Timitaion on the mann which a property owner may use the property. Buyer does not have t complete the purchase, however, we of the Property for residential purposes. violation of any restriction shall not he & reason for Buyer refusing to complete the Closing as ong as the tide ompany insures Buyer agains loss at regular rates. The sale also wil he mae subject to applicable zoning ordinances, provided that the ordinances do not render ttle unmarketable if any caseanent, restriction or fuets disclosed by an accurate survey wood substantially interfere with the Title to the Property shall be good, marketable and insurable, at regular rates, by any tide insurance company, license todo business in New Jersey ‘tion and Section 12. Buyer agrees to order a tile insurance commitment tle search) and survey if required by Buyers lender, tite company’ or the municipality where the Property is located and to furnish copies to Seller. If Selle’ tile contains any exceptions other than as set forth in this Setion, Buyer shall notify Seller nd Seller shall have thirty (30) calendar days within which to eliminate those exceptions. Seller represents, tothe best of Sellers Jnowledge, that there are no restrictions in any eonveyance or plans of record that will prohibit use and/or occupancy of the Property asa Single f within its boundary Hines andl that no uhject only to the clans and rights deseribed i this S ily residential dwelling Seller represents that all biings and other improements onthe Property are ;provements on adjoining properties extend across boundary lines of the Property If Seller is unable to transfer the quality of tke required and Buyer and Seller are unable to agree upon a reduction af the purchase price, Buyer shall have the option to either void this Contract, in which ease the monies paid by Buyer toward the purchase price shall hoe returned to Buyer, together with the actual eoss of the tte search and the survey andthe morgage application fees in preparing for the Closing without further Habiley to Seller, orto proceed with the Closing without any reduction of the purchase price 12, POSSESSION, OCCUPANCY AND TENANCIE’ (A) Possession and Occupancy. Possession and occupancy will be given to Buyer atthe Closing, Buyer shall be entitled to possesion of the Property, and profits fom the Property; immediately upon the delivery of the Deed and the Closing, Selle shall alfecting the Property from the proceeds of this sale ator before the Closing, off any person with a claim oF right (B) Tenancies. DLApplicalo K Now Applicable Occupancy will be subject to the tenancies sted blows as. the Closing, Seller represents that the tena exiting Municipal, Coun State ot Federal rule, regulations or aw. eller agrees to ansfer all security deposits to Boyer at the Closing and to pride to Brokers and Buyer a copy of all leases o Sadler. Seer represents that sch leases can be asiged and cat Sel these lessen ies are notin solation of any cerning the tenancies, if any, along with this Contract when its signed by ‘wll asign sid leases, and Buyer agrees to accept tide subject ‘TENANT'S NAME, LOCATION RENT SECURITY DEPOSIT ‘TERM Buyer acknowledges that, effective July 22, 2022, certain rental dsellng units built before 1978 are require ra be inspected pursiant to NJSA. 52:27D-497.16, et seq, for lead-based pain, See section 13D) 13, LEAD-BASED PAINT AND/OR LEAD-BASED PAINT HAZARD: (This section is applicable only to all dwellings bite prior to 1978.) EApplcale. EINox Applicable (A) Document Acknowledgement. Buyer acknowledges recit of the EPA pamphlet ended “Protect Your Fanly From Lead In Your Home.” Marcover a copy of a document entiled “Disclosure of Information and Acknowledgement Lead+Based Pain and Lead-Based Pint Hazards has been filly completed and signed by Buyer Sele and Brokers ands appended to and made a part ofthis Contaet (B) Lead Warning Statement. Every purchaser of any interest in residential real proper property may present exposure to lead from lead-based paint that may place young children at risk of developing lead poisoning, Lead poiso including learning disabilities, reduced intelligence quotient, bbehanioral problems, and impaired memory. Lead poisoning also poses partiewar risk to pregnant women, ‘The seller of any interest in residential real property is required to previde the buyer with any information om lead-based paint hazatds from risk assessments oF ‘on which a residential dielling was ble prior to 1978 is notified that such in young children may produce permanent neurological dam inspections in the seller's posession and notify the buyer of any’ known lead-based paint hazard, A risk assesament oF inspection for pose ed ban pan haar ones prt pone New Jersey 'S" Form | 18-Statewide | 11/2022 Page 5 of Baya Bellas Joey REALIORS' tom Sonik | 1/2022 Page Sat ‘Bape eX Initials: | initiate:21 232 233 234 235 237 233 239 240 a 242 243 244 245 246 247 248 249 250) 251 252 253 24 255 256 257 258 259 261 264 265 266 267 268 269 270 ™m mm 273 274 275 276 2m 278 279 281 282 283 284 285 286 287 290 (©) Inspection, ‘The law requires that, unless Buyer and Seller agree toa longer or shorter period, Seller must allow Buyer a ten (10) calendar day period. within which to complete an inspection and/or risk assessment of the Property as set forth i the next paragraph, Buyer, however, has the ight to waive this requirement in its entirety. This Contract is contingent upon an inspeetion and/or isk assessment (the “Inspection” of the Property by a certified inspector/risk assessor fr the presence of lead-based paint and or lead-based paint hazaws. The Inspection shall be ordered and obtained by Buyer at Buyer's expense within ten (10) calendar days after the attorney-review period is completed or if this Contracts timely disapproved by an attorney as provided in the Atorney-Review Clause Section of this Contract, shen within ten (10) calendar days afer the partes agree to the terms in this Contract ("Completion Date”. Ifthe Inspection indicates that no lead-based paint or lead-based pane hazar is present atthe Property this contingency clause shal be deenved nal andl void. Ifthe Inspection indicates that lead-based paint or lead-based paint hazard is present at the Property this contingency clause will terminate at the ime set forth above unless, within fve (5) business days from the Completion Date, Buyer delivers a copy of the inspection and/or risk assessment report to Seller and Brokers and (1) advises Seller andl Brokers, in writing that Buyer i viding this Contract; or (2) delivers to Seller and Brokers written amendment (the “Amendaent” listing the specific existing deficiencies andl corrections required by Buyer. The Amendment sball provide that Seller agrees t a) correct the deficiencies; and (b) furnish Buyer with a certiication from a certified inspector/risk assessor thatthe deci hhave been corrected, before the Closing Seller shall have if left blank, then 3) business days aller receipt of the Amendment to sign and return i to Buyer or send a writen counter-proposal @ Buyer, If Seller docs not sign and return the Amencment oF fails to offer a counterproposal, this Contract shall be to this Con land void. If Seller offers a counter-proposal, Buyer shall have iP lei blank, then 3) busines days after receipt of the counter-proposal to aecept it. If Buyer fail to accept the counter-proporal within te time provided, this Contract shall be null and wid (D) Rental Dwelling Inspections. Eective July 22, 2022, all ental dvelling units built before 1978 requited to be inspected pursuant to the New Jersey Lead-Based Pi Inspection Law, NJSA. 52:27D-187.16, et seq., mist be inspected for lead-based paint by July whichever is earlier (note: th 4, oF upon te are several exemptions, including but not limited to seasonal rentals that are rented for less than six (6) ‘months each year by tenants that do not have consecutive lease renewals, The law imposes an obligation on municipalities to perform. ‘or hire, or allow the property owner/landiord to divecdy hive xm the inspections of single- ‘amily, 0-family and mulkiple rental dwellings that are covered by the Law for lead-based paint hazards, at ines speciied inthe law. The ‘ype of inspection depend on the ead levels in children in the municipality where the rental dwelling unit is locate. a certified lead evaluation contractor to pet Seller is advised to provide Buyer with all lead/-safe cetfications concerning the Property and the Guide to Lead-Based Paintin Rental ‘Dwvelling issue by the New. sey Department of Community flats prior t closing, Buyer is advised to contact the municipality in which the Property is located to deter Property currently has a tenant or may have a tenant inthe future ine the type of inspection, if any, requited i the 14, POINT-OF-ENTRY TREATMENT (“POET”) SYSTEMS: [1 \ppicable FNo: Applicable A point-oFenteyteatmsent ("POET") system sa type of water treatin system used to remove conta structure fom a potable wel, usually through a filtration process, Seller represents that a POET system has ben installed to an existing wellon the Property and the POET system wasinstalled al/or ma Fun Gham Program, NS. 50:10-23.11,etseq The Buyer understands that Buyer wl ot be eligi oreeive any sch funds forthe continued maintenance of the POET sytem, Pursuant o NLA, 7-256, Seller a Protection wii thirty (90 cal inants om the water entering a inc using funds received fom the New Jersey Spill Compensation rees to notify the Department of Environmental vdar days of executing this Contract thatthe Property isto be sold, 15. CESSPOOL REQUIREMENTS: OD Applicable Nox Applicable (This section is applicable ifthe Property has a cesspool, except in certain limited circumstances set forth in NJ.A.C. 7-94-4.16,) Pursuant to New Jersey's Standart for Individual Subsorfice Sewage Dispos Stems NJAC. 7A (ve "Standaw) this Contact is fr dhe sale of real propery at which any cespoo, pris. outhouse,larine or pit tet (olectvey “Cexspoo!” i located, the Cesspool must be abandoned and replaced with ao individ subsurface sewage diposal sytem ator before the time of the reall propery transfer except in limited circumstances (A) Seller represents to Buyer that F.no Gesspoo is acted ator on the Property, or Jone or more Cesspols are locate ator on the Property [f there are one or more Cesspools, then also check EITHER Box 1 or 2 below] 1, Seller shall aban 1, (Cl Seteragrecs nt, por othe Clg and a sole comand ex lecaed ator onthe Property and replace such Cexpons with an indial subsurface sage dapoal stem meting al the requirements ofthe Standard, Aor prior tothe Closing, Seller sal eler wo Bayer a cerfeate of compliance (‘Ceriicae of Compliance” trate auborty Administrative Authority" (ston ter are defined in NFA.C, 794-2. wih issued by the ad respect to the System. Notwithstanding the foregoing, if the Administrative Authority determines that a fully compliant system cannot ‘New Jorucy REALTORS Horm 116-Sttewside | 11/2022 Page ot Buyer's Seller's 4 : initiate [ © J |. tnitins cE305 310 3u 312 313 314 315 316 37 318 319 320 321 322 323 324 325 326 327 328 329 331 332 333 334 337 338 339 340 341 342 343 em 345 346 347 348 349 bye installed at the Property, then Seller shall notify Buyer in writing within thre (8) business days of is receipt of the Administrative Authority's determination ofits intent to install either @ nonconforming Sytem ora permanent holding tank, ax determined by the Administrative Authority (“Aheruate Sytem") and Buyer shall then have the eight to void ths Contract by nating Sele in writing within seven (7) business days of receipt of the notice fram Seller If Buyer fi o time void this Contract, Buyer shall have waived its Sight to cane] this Contract wnder this paragraph, and Seller shall inal the Akernate System and, at or prior to the Closing delves ‘to Buyer suck Cerificate of Compliance or other evidence af approval of the Alternate System as may be isued by the Adminsteative Authority. ‘The delivery of sel Certificate of Conuplia ‘sr other evidence of approval shall be condition precedent to the Closing or 2. CDBayer agrestis cot and expense, Buse al ake all actions wees to abo and ep ny anal Ceo located ato 08 the Papert and replace such Cexgrons witha Sytem meting all th Teement ofthe Sandan oro Ala Sr but nt ited oreanable atiorneys and expen fos) aking fom Buyer's volton of ths paeeeapl, This paren shall en the Clon n- Buyer shall indemity and hold Seller harmless for any and all costs, damages, claims, ines, penalties and astessments inching (B) If prio to the Closing. ther Buyer or Seer becomes aware of any Cesspool at or on the Property that was not disclosed by Selle ator prior to execution of this Contract, the party with knovsledge oft than three (3) business days after receipt of such knowledge, advise the other parry of the newly identified Cesspool in writing, In such event, the parties in good faith shall agree, no later than sev 'dentfied Cesspool, or the day preceding the scheduled Closing, whichever is sooner, ta proceed pursuant to subsection (A) | or 2 abvne ‘or such other agreement as satisfies the Standards, or ether party may terminate this Contract, newly identified Cesspool shall promptly; but inno event later business days after sending or receiving the written notice of the newly 16, INSPECTION CONTINGENCY CLAUSE: oF andl Seller acknowledge andl agree tha, because the purchase of a home sone of the most significant investments a peron ¢ make in a liitime, all aspects of this transaction require considerable analysis and investigation by Buyer hefore clexing ttle to che Property While Broker and salespersons who are involved inthis ransaction are trained as licensees under the New Jersey Licensing Act they really acknowledge that they have had wo special raining or expericnce with respect tothe complexitis pertaining to the multe of structural, topographical and environmental components of this Property. Kor example, and not by way of limitation, Brokers and salespersons have no special taining, knowledge or experience with regard to discovering anl/or evaluating physical defects, including tural defects roof basement, mechanical equipment, sich as heating air codioning ad electrical raceme, sewoge, plumbing, ‘exterior drainage, termite, and other types lamage caused by such infestation. Moreover, Brokers and salespersons similarly have no special training, knowledge or experience with regard to cvaliation of possible environmental conditions which might affect the Propery pertaining to the dwelling, such as the existence of radon gas, formaldchyele gas, airborne asbestos fibers, tox chemicals, underground storage tanks, lead, mold of other pollutants inthe silat or wa (B) Radon Testing, Reports and Mitigation. (Radon is a radioactive gas which results from the natural breakdown of uranium in soil, rock and water I hhas been found in homes all over the United States and is a carcinogen. For more information on radon, ge te sewepagoviradon and ywwsnjgovldepirpplradon/ or cal the NJ Radon Hot Line at 800-648-0394 or 609-984-5125) [fhe Property has ben tested for radon prior to the date of this Contract, Seller agrees ta provide to Buyer, athe ime of the execution, of this Contract, copy of the result of the radon test) and evidence of any subsequent radon mitigation or treatment of the Property In any event, Buyer shall have the right to conduct a radon inspectir 1D) below. IF any test esis furnished or obtained by Buyer indicate a concentration level of 4 picocuries per liter 4.0 pCi/L) ar mone in the subject dvelling, Buyer shall then have the right to soil this Contract by notifying Seller in writing within seven :eccipt of any such report. For the purposes of this Section 16, Seller and Buyer agree that, i the event a radon gas concentration level 4 picocuries per liter 4.0 pCi/L) without any remediation, such level af radon gas ‘onscentration shall be deemed to be an acceptable level "Acceptable Level” forthe pposes of this Contract. Under those circumstances, gency clause as it cates to radon shall he deemed fully satisfied. ‘ests provided ancl subject to the conditions se forth in paragraph 7 business days of the in the subject delling i determined to he less th Seller shall he under no obligation to remediate, aid this con 1 Buyer's qualified inspector eports thatthe radan gas concentsation level in the subject dwelling is four pieacusies per liter (4.0 pCi/L) ‘oF more, Seller shall have a seven (7) business day period after receipt of such report to noth Buyer in writing that Seller agrees to less Buyer has voided this Contract as provided inthe preceding paragraph) {Upon such remediation, the contingency inthis Contract which relates to radon shall be deemed fully satisfied. If Seller fails to notify Buyer of Sellers agreement 1 so remediate, such failure to so notify hall be deemed to be a refusal by Seller to remediate toan Acceptable Level, and Buyer shall then have the right to void this Contract by notifying Seller in writ days thereafter If Buyer fails to wid this Contract within the seven (7) business day period, Buyer shall have waived Buyer's right to cancel this Contract and this Contract shall remain in ful force and effect, and Seller shall be nder no obligation to remediate the radon gas concentration. If Seller agrees to remediate the radon to an Acceptable Level, such remediation andl associated testing shall be completed remed the gas concentration to an Arceptable Level by Seller prior to the Clesing, Nev Jersey REALIORS? Form 11S wide | 11/2002 Page Tot 14 Buyer's Seller's . nities [= Iain353 357 370 am 372 373 374 375 376 377 378 379 381 382 383 385 386 387 39 390 301 304 395 397 398 399 400 401 403 404 405 106 407 408 410) (C) Infestation and/or Damage By Wood Boring Insects. Buyer shall have the right to have the Property inspected hy a licensed exterminating company of Buyer’ choice, forthe purpose of determining ifthe Property is fre fiom infestation and damage from termites or other wood destroying insects. If Buyer chooses to make this inspection, Buyer shall pay for the inspection unless Buyer's lender probibits Buyer fiom paying, in which ease Seller shall pay. The inspection muse he completed and writen reports must be furnished to Seller and Broker's within ___f left blank, then 14) ‘dar days afier the attorney-review period is completed or, if this Contest is timely disapproved by an attorney as provided in the ‘Aorney-Resiew Clause Section of this Contract, then within __ Gf ef blank, chen 14) calendar days afer dhe partes agree to the terms of this Contract. This report shall tate the nature and extent of any infestation and/or damage and the fll cost of treatment at Sellers expense prior to Clesing, provided however, of the purchase price of the Property then either party may void this Contract prosided they do so i eft blank, then 7) business days after the report has been delivered to Seller and Brokers. If Buyer and Seller are unable ta agree upon who wil pay for the cost so cure and nether party timely voids this Contract, then Buyer will be deemed to have waived its right to terminate this Contract and will bear the cast to cure that is over 1% of the purchase price, with Seller bearing the cast that of the purchase price, for any infestation. Seller agrees to treat any infestation and eure any damage iF the cost to cure exceeds 1" with (D) Buyer's Right to Inspections. Buyer acknowledges that the Prope: ‘of Buyer aso the valuc of the land ‘or their agents as to chara is" condi are upon the Property, and not on any representation made by Seller, Brokers i granted the right to ha the dwelling and all other aspects of the Property inspected and evaluated by “qualified inspectors” as the term is defined in subsection G below) for the purpove of determining the existence of any physical defects oF environmental conditions such as outlined above, 1s mist be completed, and written reports including a list of repairs Buyers requesting must he furnished to Selle and Brokers within __ left blank, then 14) calendar days after the atone period is completed og if this Contract i timely disapproved by an atiomey as provided in the Attorney-Review Clause Section ff this Contract then within lef blank, then 14) calendar days afer the parties agree to the terms of this Contract. If Buyer fails to furnish such written reports Seler and Brokers within the ___ Gf left blank, chen 14 calendar days specified inthis paragraph, wv and that this Contracts entered into based upon the knowledge ter oF quality of the Penpemy Therefore, Buyer, at Buyer's sole cost and expense, Buyer chooses to inake inspections refered to in this paragraph, such inspec this contingency clause shall be deemed waived by Buyes, and tke Property shall be deemedl acceptable by Buse. ‘The time period for farnishing the inspection epors i referred to asthe “Inspection Time Peri,” Seller shall have all uslities fn service for inspections (&) Responsibility to Cure. IF any plpial defets or environmental conditions (ther than radon or woodboring insets) are reported bythe qualified inspectors to Seller within the Inspection ime Period, Seller shall shen have seven (7) business days after the receipt of such reports to notify Buyer in ering that Seller shall corrector cure any of the defects set Forth in such reports. If Seller falco notify Buyer of Seller's agreement tooo cure and correct, such failure to so notify shall he deemed to he a refusal by Seller to cute oF correct such defects Ir Selle fails to hur to cure or correct such defects within the seven (7) business day period, or ifthe environmental condition atthe Property (other than radon) is incurable and is of atch significance as to unreasonably endanger the health of Buyer, Buyer shall then have the right to void this Contract by nodfying Seller in writing within seven (7) husiness days thereafter. If Buyer fails to void this Contract within the reven 7) business day period, Buyer shall have waived Buyer's right to cancel this Contract and this Contract shall remain in fll fore, W) Seller shall be under no obligation to eaerect or cure any of the defects set forth in the inspections. If Seller agrces to correet or eure veh defects, all such rcpair work shall be complete by Seller prio tothe closing of ttl, Radon atthe Property shall be governed! by the provisions of paragraph (B), above. (F) Flood Hazard Area (if applicable). The federal and state governments have designated certain arcas a ood areas IF the Property is Joeated ina flo are, the use of the Property maybe limited If Buyers inquiry reveals that the Property is ina flood area. Buyer may cancel this Contact within ten (10) calendar days afer the attorney-review period is completed of, i Unis Contract is timely disapproved by an attorney as previed in the ‘Artorney-Reviess Clause Section of this Contract, then within tn (10) calendar days aftr the partes agree to the terms of this Contract If the morgage lender requires Hood insurance, then Buyer shal be responsible for obtaining se insurance an the Property For a flood policy to bein effet immediate there must bea loan closing, Theresa thirty (30) calendar day wait or net policies co ben fle fo pea transactions, ‘Therefore, cash buyers are advised to make application and make advance payment for @ Rood policy atleast shitty {30) calendar days in advance of closing if they want coverage to bein effect upon transfer of tile, Buyer's mortgage lender may require Buyer to purchase loo insurance in connection with Buyer's purchase of this Property. The National Flood Insutance Program (°NFIP") provides for the aailaitcy of food insur premiums fved on the risk of flooding in the area where properties ate located. Duc to amendments 10 federal lave governing the PIP, those premiums are int flood insurance forthe Property. Asa result, Buyer should notre t.an indiation of the premiums that will apply after Buyer completes the purchase. In considering Buyer's purchase of this Property; Boyer in therefore urged to consul with one or more carriers of flood insurance fora better understanding of flond insurance coverage, xe but also establishes loo! insurance policy axing and, in some cases, will rie by a substantial amount over the premins previously charged for ‘on the premiums paid for flood insurance on this Property previously Newsy REALTORS® Kr Stee | 1/2022 Pe 80814 RSE, sist & 7au 4 43} 4] 415] 416| 419] 9} 49] 420| 41 422} 423] 424 425] 426| 427 428] 429) 430] 431 432 433} 434] 435] 436| 437 438} 439] 440| 4a 442 443} 444] 445] 441| 443] 449 450} 451 452| 453] 454 455] 456] 457 458| 459) 461 462| 463] 464 465] 467] 68 469] the premiums that are likely to be required to purchase such insurance and any available information about how those premiums may increase inthe future (G) Qualifications of Inspectors. Where the term “qualified inspectors” is used in this Contract, its intended to ref bythe State of New Jersey fr such purpose. to persons or businesses that ae licensed or certified (H) Water Quality. ner acknowledges that Seller, the Broker) and/or is agen) make no representations concerning the quality of the drinking water co any drinking water health advisories isued by federal, state and/or municipal agencies, including hut not limited to concerning ‘manufactured chemicals, such asper-and poly. fhioalkyl substances (“PEAS”), or otherwise. atthe Property, except asset forth by Seller in the Seller Property Disclosure if applicable. Buyer has the right and is advised to contact the local water uit; the raunicipaity here the Property s located and/or the New Jersey Department of Environmental Protection to learn more about the drinking water at the Proper, as well as testing, monitoring and reducing exposure to contamina 17, MEGAN'S LAW STATEMENT; Under Now Jersey aw; the county prosecutor determines whether and! how to provide notice of the presence of convicted sex offenders rider Megan's Law further information in an area, In their professional eapacty, real estat licensees are wot entitled to notification by the county princeton and are unable to ob asmay be dislosable to you, such information for you, Upon elosing, the county proseentar may be contacted for st 18, MEGAN'S LAW REGISTRY: Bayer is nosed that New Jersey law establishes an Internet Registry of Sex Offenders that may be accesed at wwwanispong, Ne Seller nor any real estate broker or salesperson make any represeation as to the accuracy of the registry 19, NOTIFICATION REGARDING OFF-SITE CONDITIONS: (Applicable to all resale transactions) Pursuant to the New Residential Construcsion OF Site Conditions Disclosure Act, NJ.S.A. 46:3C-1, et eq. the clerks of municipalities in ‘New Jersey maintain its of offsite conditions which may aect the value of residential properties in the vicinity of the offsite condition Buyers may examine the lists ane! are encouraged to independently investigate the area surrounding this peopesty in otder to become familiar with any offsite conditions which may alfect the value of the property: In eases where a property is located near the border of a municipality buvers may wish to also examine ed by the neighboring municipality 20. AIR SAFETY AND ZONING NOTICE: ‘Any peron who sells or transfers a property tha isn an anport safety zone asset fort in the New Jersey Air Safety and Zoning Act of 1985, N,JS.A, 6:1-80, et seq, and appearing on a municipal map used fr tax purposcs, aswell as Seller's agen, shall provide neice to 8 prospective buyer that the property i lacated in an airport safety zone prio wo the signing af the eantract of sale. The Air Safety and “Zoning Act also require that each municipality in an airport salety zone enact an ordinance or ordinances incorporating the standards Promulgated under the Act and providing for their enforcement within the delineated areas in the municipality. Buyer acknowledges receipt of the following ist of aixports anc the municipalities that may be afected by them and that Buyer has the responsibilty to contact che municipal clerk of wy affected municipality concerning any ordinance that may alfeet the Property 470} Municipality Airports ‘Muskipality Aixports) Alexandria Tp Alesana & Sky Manor Hupessit Tp. (Mercer Cy Thenton-Merrer County Annee Tp Aufl Ander & Newton Howell Tp, Monmouth Esecuive Westie Tp Some Lacey Tp Ocean County Bestley Tp Ovean County Lakewood Te. Takewond Bein Ber (Carne County Hincoln Pack Ho cola Park Husson Th laren Lower T (Cape May Counsy HeaneMbueg Ta Semenet lannberton Tp ying W & South Buena Bar Adan Cy) Vineland Downton Manalapan Ty Monanench Cry Old Bridge Dennis Tp. hive Manipal Marsch Tp, Macken aglessood Tp, Eagles Net Manville Hor esi esey Regional Ping Tp “Trenton Mever County Meant Tp Phing W FE. Hanoser Tp Mores Manipal Mite Cape May Couny Flohar Pak or st Municipal Mite Mie Manipal enki Tp. (Glowester Cy) Sothern Crs & Vineland Dentin Monee Tp. (Gloucater Cy, Crone Keys & Southern Cross Franklin Tp. (ane Cis) Sky Man Tp Od tec Franklin Tp. Somenet Cy) Central rey Regios Monomer Princeton Hammon Boe Hammon Maia Ocean City Ocean City Hanover To tw Maricpa Old Bridge Tr 1d Wedge Titaoroagh Tp a Oidmans New Jeney REALIORS' form (18-Sttonide | 11/2022 Page ot Lt 7 2 paa7 4n| 473] aml 475| 476| 47 478| 479} 40] 481 482| 483] 484] 485] 486] 437] 489| 489] 490| 491 492 493 494 495} 497] 510| 511 512 513] 54] 515] 516] 517] 518| 19] 520| 521 522} 523] 524] 525] 526 529] 529 529] ‘Municipality Airports Municipality Airports) Pemberton Ts. Pemberton Vinca Gy roelnger & Vinca! Downtown Pequannock Ti Linco Park Watt, Monmouth Execute Resting Tp, Solberg Huerdon Wantage Siwex Roky Hil Horm inceon Robbie ‘Trenton Robbin Southargon Th Red Lion Wes Mion Ty Grvensoud Like Spring Red Wing Upper Dee Tn Backs Cuan Coy Woedine Marika The following airports are uot subject to the Airport Safety andl Zoning Act because they are wubject to federal regulation or within the jurisdiction of the For of Authority of New York and New Jersey and therefore are not regulated by New Jersey: Essex County Airport, Linden Airport, Newark Liberty Airport, Teterboro Airport, Litde Ferry Seaplane Base, Atlantic Cty International Airport, and Maguire Airforce Base and NAEC Lakeliurs 21, BULK SALES: The New Jersey Bulk Buyer may be lable for es Lavy NJS.A. 5450430, (he “Law”) applies tothe sale of certain residential propery. Under the Law, sxcs awed by Seller ifthe Law applies and Buyer does not deliver to the Director of the New Jersey Division fof Taxation (dhe “Divison”) a copy ofthis Contract and a notice on a form requited by the Division (de “Tax Form”) atleast ten cooperate with Buyer by (10) business days prior to the Closing. If Buyer decides to deliver the Tax Form to the Division, Seller shi promptly providing Buyer with any information chat Buyer needs to complete and deliver the Tx Form ‘prompaly shall deliver to Seller a copy of any’ notice that Buyer receives from the Division in respo a timely manner. Buyer eto the Tas For, ‘The Law does not apply to the sal of a simple divelling house, oF the sae or lease of a seasonal rental property if Seller isan individual, etare or trust, or any combination thereof owning the simple dwelling house or seasonal rental property as jon tenants, ne oF two family residential building, ora cooperative oF dwelling, none of which has any commercial property. seasonal rental property isa time tenants in common or tenaney by the entirety A simple dwelling house is condominium unit used as a resident share, or a dwelling nit thats rented for residential purposes fora term of not more than 125 cansceutive days by an owner that has a ce ehewhere permanent reside 1 prior w the Closing the Division notifies Buyer to withhold an amounc ithe “Tax Amount) from the purchase price proceeds far posible unpaid as liabilities of Seller, Buyer's attorney a Bi scrow Agent”) shall withbold the’Tax Amount fiot the closing proceeds and place that amount in escrow the “ax Escrow"), IF the Tax Amount exceeds the amount of available closing proceeds, Seller shall bring the deficiency to the Closing and the deficiency shall be added to the ‘ax Eserow. I the Division dieets the Esctow Agent or Buyer to remit finds from the Tax Escras tothe Division or some other entity, the Escrow Agent ‘or Buyer shall do so. The Escrow Agent or Buyer shall only release the Tax Esctons or the remaining balance thereof, to Seller ‘otherwise directed by the Division) upon receipt of written notice from the Division that it ean be released, and that no liability will be asserted under the Law against Buyer, stile insurance company ‘the * 22, NOTICE TO BUYER CONCERNING INSURANCE: Buyer should obtain be in place at Closing, Occasionally, there are issues and delays in obtaining insurance. Be advived that a “binder” is only a temporary + therefore urged to contact licensed opriate casualty and liability insurance for the Property: Buyer's mortgage lender will require that such insurance commitment to provide insurance coverage and isnot for broker to assist Buyer in sailing Buy insurance policy. Bu surance agent 23, MAINTENANCE AND CONDITION OF PROPERTY: Seller agrees to maintain the grounds, buildings and improvements in good condition, subject to ordinary wear andl tear ‘The premises shall be in “broom: clean” condition and free of debris 2s of the Closing, Seller represents that all electrical, plumbing, heating and air conditioning systems if applicable’, together with all fistures included withia the terms of the Contract now work and shall be in proper ‘working order atthe Closing, Seller further st are currently no leaks or seepage in the ‘oof, walls or basement. Seller does not guarantee the continuing condition of the premises s set forth inthis Section after the Closing. «that tothe best of Seller's knowledge, the 24. RISK OF LOSS: The risk of loss or damage 1 the Property by fire or otherwise, except ordinary wear and tea, isthe responsibilty of Seller until the Closing 25, INITIAL AND FINAL WALK-THROUGHS: In addition tothe inspections set forth elsewhere inthis Contract, Seller agrees to permit Buyer or Buyer's duly authorized representative to conduct a initial anda final walk-through inspeetion of the interior and exterior of the Property at any reasonable time before the Closing Seller shall have all ilies in service forthe inspections 530] New Josey REALIORS? Korey L18-Statowide | 1 2 Page Wok Buyers Seller's initiates [ | iis B.&] |5a 532 533 5a 535 536 537 538 539 540 541 542 543 55 570 571 572 573 574 575 576 577 578 579 581 382 383 584 585 387 589 590] 26, ADJUSTMENTS AT CLOSING: Seller shall pay fr the preparation of the Deed, realty trans for disbursements and attendance allowed by the Commissioner of Insurance; but all searches, le insurance premium and other ‘conveyauicng expenses are to be paid for by Buyer fee, lien dincharge fees, if any, and one-half of the ttle company charges Seller and Buyer shall make prorated adjustments at Closing for items which have been paid by Seller or are due from Seller such as real ‘state taxes, water and sewer charges that could be claims against the Property, rental and security deposits association and condominium cs, and fuel in Sellers tank, Adjustments of fuel shall be based upon physical inventory and pricing by Seller's supplice Such determi nation shall be conclusive I Buyer is assuming Seller's mortgage loan, Buyer shall cre in advance or on deposit with Sellers morgage lender. Buyer shall receive a credit for monies, which Seller owes to Seller's Mortgage Seller forall monies, such as eal esate taxes and insurance premiums paid lender, such as current interest or a deficit in the mortgage escrow account IC the Property i used oF enjoyed by not more than four families and the purchase price exceeds $1,000,000, then pursuant to NJS.A. {:15+7.2, Buyer will be solely responsible for payment of the fee due forthe transfor of the Property, which isthe so-called “Mansion as” in th percent of the purchase price Unless an exemption applies, non-resident individuals, estates, or trusts that sell or ansfer seal property in New Jersey are require’ mated gross income tas payment to the State of New Jersey on the gain from a transfer/sale of real property (the so-called asa condition of the recarding of the deed. make an e “Exit Ts If Sellers foreign person (an individual, corporation or entity that is 8 non-US resident) under the Foreign Investment in Real PropertyTax Act of" 1980, a8 amended “FIRPTN’), then with a few exceptions, a portion of the proceeds of sale may need to be ‘withheld from Seller and paid to the Internal Revenue Service as an advance payment agains! Sellers tax ability Seller agrecs that, if applicable, Seller will a be solely responsible for payment of any state or Federal income tax withholding amount(s) requited by law be paid by Seller (which Buyer may: deduet {ron the purchase price and pay atthe Closing); and (b} execute and deliver te Buyer at the Closing any and all forms, afavits oF certifications required under state and federal law tobe filed in ‘connection with the amounts) withheld There shall be no adjustment on any Homestead Rebate due orto become due 27, FAILURE OF BUYER OR SELLER TO CLOSE: If Seller fils to close tite tothe Property in accordance with this Contract, Buyer the to which Buyer may be entitled, If Buyer fils to close tle in accordance with this Ce for damages i has sulfeved, an, in such case, the deposit monies paid on account of the purchase price shall be applied against such nay commence any legal or equitable action ntract, Seller then may com damages, I Buyer of Seller breach this Contract, the breaching pay will nevertheless he Hable to Brokers forthe commissions in the ‘amount st forth inthis Contract, as well as reasonable attortaey’fes, costs and such other damages a are determined by the Court. I cither Seller or Buyer commence such an action, in addition to any other remedy the prevailing party will be ented to reasonable atiorneys Fes, costs an such other reli as is determined by the Cour 28, CONSUMER INFORMATION STATEMENT ACKNOWLEDGMENT: By signing below, Seller and Buyer acknowledge they received the Consumer Information Statement on New Jersey Real Esiate Relationships from the Broker's) prior tothe fst shoving f the Property 29, DECLARATION OF BROKER(S)'S BUSINESS RELATIONSHIP{S); (A)Crossroads Realty Sapphire Group + (name of firm) and its authorized representative(s) Tsvia Cynamon. ARE OPERATING IN THIS TRANSACTION AS A (indicate one of the following) MASELLER'S AGENT = OBUYER'S AGENT —_] DISCLOSED DUAL AGENT DV TRANSACTION BROKER. {B) (If more than one firm is participating, provide the following.) INFORMATION SUPPLIED BY Homesmart First ‘Advantage Realty (name of other firm.) HAS INDICATED THAT IT IS OPERATING IN THIS TRANSACTION AS A jindicate one of the following) SELLER'S AGENT [J BUYER'S AGENT C)TRANSACTION BROKER. 30, BROKERS’ INFORMATION AND COMMISSION: The commission, in accord with the previously executed listing agreement, shall be due and payable atthe Closing and payment by Buyer ‘of the purchase consideration for the Property. Seller hereby authorizes and instructs whomever isthe disbutsi the fall New Joey REALTORS? Kors 118sStatowide | 11/2022 Page 1Lof Buyer's Sellers : aici: [ |. seine L agent to591] commision as st frth below wo the belowementioned Brokerage Firmis) out of the proceces of sake prior tothe payment of any such 592) _ funds to Seller Buyer consents to the disbursing agemt making said disbursements. The commission shall be paid upon the p 393) scr forth in Section 2 and shall include any amounts allocated to, among, other things, furniture and fixtures. 594 chase price 595] crossroads Realty Sapphire Group 2077617 36) “Tisung Firm RCTS a7 598] ysivi HHerskowitz’ Cynamon 1008498 $00] “Txstng Agent REC TONTT oo 601} 1520 Madison ave. Lakewood, NJ 8701 sax) “ea ‘as sot 347-52.7006 605) “OME TERR iE i Cal Phone Pe ert Aero 607) [email protected]_ 600) Est ‘CommntssTon de Uttng Flea sa 610) Homesmart First Advantage Realty 1973636 sit] “Participating Firm RECTED biz 613] yisochor enock 2298794 bia) SPaeespatng RECHT See Teena ois 616] 4338 r¢9 US South, Howell, N] 07731 617] Address 613 619 348-261-2440 620] ORE Tecphone og gear Cal PROT 62 622) [email protected] 2%. 623] "ema ‘Commission due Participating Firm ox 625| 31. EQUITABLE LIEN: G26] Under New Jersey law, brokers who bring the parties together ina real estate transaction are eit! to an equitable Hien in che amount Cee | orate commision, This cn attaches to the property being sold from when the contract of sales signed und the closing and then 19 628) the fands duc to seller at closing, the party who Coa] abuse the fares atthe Closing in this transaction should not release any potion of the commision to any party other chan robes) isnot contingent upon the notice provided in this Section. As a result of this ooo) aa ae i gerd the commision o be pit sould hod the disputed amount in escrow uae pate with Gat[ Brokers) vecobel and writen authorization to release the ands is provided by Broker's ex 632) DISCLOSURE THAT BUYER OR SELLER IS A REALESTATE LICENSEE: C1 Applicable | Not Apple saul ee cc foey abo hasan ere sra buyer ore f real propery required to dco the sales contract 635 on va Tce heron dele that he/she ices n New Jersey as 636 Clinics Chviatsraieqenon Cl atsperon ClicraT arent a7 38] 39. BROKERS TO RECEIVE CLOSING DISCLOSURE AND OTHER DOCUMENTS: G30] Buyer and Seller agtee that Brokers) involved inthis transition wile prod with the Closing Diselonue dacumens and an) Go| cectments vo thone documents in the same time andl manner as the Consumer Financial Protection Bureau requires chat dha Gat |ocoment be prided to Buyer and Selle. Tn addtion, Buyer and Selle agree that, if one or both of them hire an atorney whe G42] drapproves thi Contract as provide inthe Antorney-Review Clause Section then the storey.) wl naify de Broker) #9 wring when 643) cither this Contract is finalized or the partes decice not to proceed with the tansaction oa 645| 34, PROFESSIONAL REFERRALS Gag| _ seier and Buyer may request the names of atiomnys ispectors,engincers, tradespeople oF other professionals from their Drokers Gia] svolveain ihe ransaction, Any names provided by Broker) shall ot be deemed tobe a recommendation or testimony of competency of 48] the penon or pero fered Seller and Buyer shal asume fll responsi fo their selection) a old Brokers and/or salespersons G49] harmless for any claim or ations resulting from the work or duties performed by these professionals 650 ‘New Jerry REALTORS? orm {16-Statewide | 11/2022 tnitate: [© Iii Page or 4 Buyer's Salers651 652 6533 oo 655 656 657 658 659 35, ATTORNEY-REVIEW CLAUSE: (1) Study by Attorney. Buyer or Seller may choose to have an attorney study this Contract. If an attorney is consulted, the attorney must complete his or her review of the Contract within a threeslay period. ‘This Contract willbe legally binding at the end of this dhrocday perio unless an attorney for Buyer of Seller reviews al disapproves of the Contract (2) Counting the Time. ‘You count the three days from the date of delivery of the signed Contract to Buyer and legal holiday. Buyer and Seller may agree in writing to extend the three-day period for attorney review ler. You do not count Saturdays, Sundays or (3) Notice of Disapproval. If an attorney for the Buyer or Seller reviews and disapproves of this Contract, the atomney must notify the Brokers) and the other party ‘named in this Contract within the three«lay period. Otherwise this Contract will be legally binding as writ, The attorney must send the not ‘mail will be effective upon mailing ‘The personal delivery will be effective upon delivery to the Broker's oflice. The autorney may ako, but need not, inform the Brokers) of any suggested revisions) in the Contract that would make it satisfactory of disapproval tothe Brokers) by fax, e-mail, personal delivery or overnight mail with proof of delivery Notice by overnight 36. NOTICES: All notices shall be by certified mail, fx, e-mail, recognized overnight courier or electronic document fexcept for notices under the Attorney-Review Clause Section) or by delivering it personally. The centibied letter, e-mail, reputable overnight carrer, fax ar electronic tlocument will be effective upon sending. Notices to Seller and Buyer shall he adderssed to the addreses in Section 1, unless otherwise specitied in writing by the respective party 37, NO ASSIGNMENT: This Contract shall not be assigned without the written consent of Seller. This means that Buyer may not transfer to anyone else Buyer's rights under this Contract to purchase the Prope 38, ELECTRONIC SIGNATURES AND DOCUMENTS: Buyer and Seller agree that the New Jersey Uniform Electronic Transaction Act, NJS.A. [2A including but not limited tothe partes and their representatives having the right to use electronic signatures andelectronie dacuments that are ereated, generated, sent, communicated, received or stored in connection with this transaction, Since Section 11 of the Aet provides that acknowledging an electronic signature isnot ncoesary forthe signature of such a person sshere all other information required to be included is atached to oF logically associated with the signature oF record, suc electronic signatures including but mot limited to an 1 t0 26, applies to this wransaetion, ectronie signature of one of the parties to this Contract, do not have to be witnessed 39. CORPORATE RESOLUTIONS: If Buyer or Seller isa corporate of other entity the person signing below on behalf of the entity represents that all required corporate resolutions have beet nd the person has the authority to sign on behalf of the entity duly approved 40, ENTIRE AGREEMENT; PARTIES LIABI ‘This Contract contains the entire agreement ofthe partes, No representations have been made by any of the parties, the Brokers) or its salespersons, except a set forth inthis Contract. This Contracts binding upon all parties who sign it and all who succeed to their ights and responsibilities and only may be amended by an agreement in writing signed by Buyer and Seller 41. APPLICABLE LAWS: ‘This Contract shall be governed by andl consirued in accordance with the laws ofthe State of New Jersey and any lawsuit relating to this Contractor the underlying transaction shall he venued in the State of New Jersey 42, ADDENDA: The llewingaklonl term are inched in the attached kena orders and incorporated int this Contac chock applicable CI Baer’ Property Sale Comingeney Gi Piste Wal Tesing Tl Condominiom/Homcowner’s Aavocations 1 Propenies Wit The (3) or More Uris 1D Coronavirus DD Seller Concession OriaVA Laas Di sine St Bi Lead sed Paint Disclosure (Pret978) Di Sotar Pane 1 New Constrveton Bi Swimming Pots 1 Pate Sewage Diposal (Other than Cespo Gi Cheround Fel Tanks) Nev Jersey REALLORS? Horm L18.Statewide | 11/2 2 Page So 1 Buyer's Sellers ee Bee ee ate [= nics: [BO]43, ADDITIONAL CONTRACTUAL PROVISIONS: month leaseback (ean i ies, TOWER Da TNFR Dae Dae TOWER Da AR Dare SETTER Da Da TITER Din New Jrsey REALTORS? form 11-Statewide | 11/2022 Page Hof 4 Buyer's fle Initiate: [ | tints: