Homesteps Addendum For

HOMESTEPS ADDENDUM FOR

MANUFACTURED HOME

This Addendum is to be made a part of the agreement (Contract of Sale) dated ______, 20___, between Federal Home Loan Mortgage Corporation (Seller) and ______(Purchaser), for the property located at: ______

______(the “Property”).

IN THE EVENT ANY PROVISION OF THIS ADDENDUM CONFLICTS IN WHOLE OR IN PART WITH THE TERMS OF THE CONTRACT OF SALE OR ANY OTHER ADDENDA, THE PROVISIONS OF THIS ADDENDUM SHALL CONTROL.

1. Purchaser acknowledges that a manufactured home, identified as a ______, Serial Number(s) ______(the “Home”), is located on the Property.

2. Purchaser agrees and acknowledges that Seller has been unable to obtain title to the Home, and that evidence of title and title insurance, including an ALTA 7 Endorsement, may not be available nor issued on the Home. Notwithstanding the foregoing, Purchaser is still desirous of purchasing the Property.

3. Notwithstanding any other provision of the Contract of Sale, including Addendum #1 or any other addenda thereto, Purchaser acknowledges that the sale is not contingent on an inspection of the Home by Purchaser. Purchaser acknowledges the Purchaser wants to purchase the Property without an inspection of the Home.

4. Purchaser agrees to indemnify, hold harmless and release Seller from any claims or demands of any person or persons arising out of any and all claims and causes of action arising out of the ownership and titling of the Home.

5. Purchaser, on Purchaser’s behalf and on behalf of any and all subsequent

heirs, successors or assigns, accepts the Home in "as is" condition and without evidence of title and hereby irrevocably and forever releases and discharges Seller and its trustees, officers, directors, employees, agents, representatives and attorneys from any and all claims, losses, causes of action and liabilities of any kind (including attorney’s fees), including but not limited to tort claims, arising out of or relating in any way to any issues with the Home and the ownership and titling of the Home. Purchaser agrees that Seller will no longer be responsible for, involved in, or liable in any way with any issues with ownership or title to the Home and is released from all liability in connection therewith.

6. Purchaser acknowledges and represents that Purchaser has carefully read this Addendum, understands it, signs it voluntarily, and has had the opportunity to seek the advice of an attorney prior to its execution.

7. Purchaser acknowledges and represents that no oral representations, statements or inducements, have been made by Seller and its employees, agents, representatives and attorneys.

8. Should any portion of this Addendum be deemed to be unlawful or unenforceable, the Contract of Sale shall be voidable at the option of Seller and in such case the Contract of Sale shall be cancelled and Purchaser shall be entitled to a return of the deposit as Purchaser’s sole and exclusive remedy.

9. Notwithstanding any other provision of the Contract of Sale, including any addenda thereto, the terms of this Addendum shall not merge into the deed and shall survive and remain in effect after conveyance of the Property to Purchaser.

10. In the event any provision of this Addendum conflicts in whole or in part with the terms of the Contract of Sale, including Addendum #1 and any other addenda, the provisions of this Addendum shall control.

SELLER PURCHASER(S)

FEDERAL HOME LOAN MORTGAGE

CORPORATION

By: By:______

Title:______By:______

Date:______Date:______