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M.S.B.A. Real Property Form No. 12 (2002; Revised 2004, 2006, 2008, 2010, 2017) Addendum to Purchase Agreement: Common Interest Community Property ADDENDUM / PAGE 3 of 3 6.Special assessments for extraordinary repairs, budget deficits, or inadequate Association reserves102 assessed after the date of the Purchase Agreement and before the actual date of closing shall be paid103 by Buyer provided the entire special assessment does not exceed $_________ nor exceed $__________ in104 monthly installments. If the special assessment exceeds that amount, Buyer may, at Buyer's option: 105 (a) Assume payment of the special assessment without adjustment to the purchase price of the real property;106 or,107 (b) Require Seller to pay the entire amount of the special assessment (or escrow for payment of same as108 provided above) and Buyer shall pay a commensurate increase in the purchase price of the real property,109 which increase shall be the same as the estimated amount of the assessment; or,110 (c) Rescind this Agreement, in which case all earnest money shall be refunded to Buyer.111 112 7.Special assessments for capital improvements assessed after the date of the Purchase Agreement113 and before the actual date of closing shall be paid by Buyer provided the entire special assessment does114 not exceed $___________ nor exceed $___________ in monthly installments. If the special assessment115 exceeds that amount, Buyer may, at Buyer's option: 116 (a) Assume payment of the special assessment without adjustment to the purchase price of the real property;117 or,118 (b) Require Seller to pay the entire amount of the special assessment (or escrow for payment of same as119 provided above) and Buyer shall pay a commensurate increase in the purchase price of the real property,120 which increase shall be the same as the estimated amount of the assessment; or,121 (c) Rescind this Agreement, in which case all earnest money shall be refunded to Buyer.122 123 8. Buyer shall assume and pay all assessments, fines, and other charges, including special assessments and124 extraordinary expenses, accruing after the date of closing, and all expenses, charges, and assessments,125 payment for which is not otherwise specified in this Addendum. Any assessments paid by Seller to the126 Association prior to closing are Association funds. 127 This Addendum is initialed contemporaneously with the signing of the Purchase Agreement. INITIALS: Sellers___________ ____________ Buyers____________ ____________ RPF12_17_031917.wpd