10-6-2022 Real Estate Auction Info

This Cash Sale is made subject to the permitted encumbrances listed and described on Addendum “B” attached hereto (the “ Permitted Encumbrances ”). Reference to the Permitted Encumbrances is for informational purposes only, shall not interrupt prescription, and shall not be construed as acknowledgement that the Permitted Encumbrances now or have ever affected the Property. This Cash Sale is made and accepted for and in consideration of the price and sum of [INSERT PURCHASE PRICE] DOLLARS cash and other good and valuable consideration paid (the “ Purchase Price ”), which Purchase Price the BUYER has well and truly paid to the SELLER . The SELLER hereby acknowledges the receipt of said Purchase Price and grants full acquittance and discharge therefor. This Cash Sale is made and accepted for adequate and sufficient consideration, recitation of which is omitted at the request of the BUYER and the SELLER . The SELLER hereby acknowledges receipt of the Purchase Price which the BUYER has well and truly paid, and the SELLER hereby waives any resolutory condition and any right to rescind based upon inadequate consideration. The SELLER declared that all ad valorem taxes assessed against the Property by the Parish of _____________, up to and including the year 2021, including any interest and penalties thereon, have been paid, and taxes for 2022 have been prorated as of the date hereof between the SELLER and the BUYER . From and after the date of this Cash Sale, the BUYER shall be responsible for all property taxes and assessments for the Property. In accordance with La. R.S. 9:2721(B) , from and after the date of this Cash Sale, (a) the name of the person responsible for all property taxes and assessments for the Property is the BUYER , and (b) all property tax and assessment notices for the Property should be mailed to the following address: The parties hereto do hereby waive and dispense with the production of any and all certificates and/or researches required by law, including mortgage and conveyance certificates and tax researches, and do hereby relieve and release the undersigned notaries from all liability in connection with the non-production thereof. This Cash Sale may be executed in any number of original counterparts. Each such counterpart shall for all purposes be deemed an original. All such counterparts shall together constitute but one and the same agreement. (Signature Page to Follow) _____________________________ _____________________________ _____________________________

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