ex10-13.htm


    Exhibit
      10.13

    
      

    

    
      	 	
              CALIFORNIA

            	 
	
               CALIFORNIA

            	
              RESIDENTIAL PURCHASE AGREEMENT

            	 
	
              ASSOCIATION

            	
              AND JOINT ESCROW INSTRUCTIONS

            	 
	
              OF REALTORS®

            	
              For Use With Single Family Residential Property - Attached or Detached

            	 
	 	
              (C.A.R. Form RPA-CA, Revised 10/02)

            	 


    

    


    
      	
              Date  July
                1,
                2007                                         ,
                at                           Yorba
                Linda

            	
              ,
                California.

            
	
              1.

            	
              OFFER:

            	 
	 	
              A.
                THIS IS AN OFFER
                FROM        Ministry
                Partners Investment Corporation

            	
              ("Buyer").

            
	 	
              B.
                THE REAL PROPERTY TO BE ACQUIRED is described as 2648 Hampton
                Way, Clovis  CA  93611

            	 
	 	
              ,
                Assessor's Parcel No. 310-430-62

            	
              ,
                situated in

            
	 	
              Clovis,                                                                           
                County of      Fresno

            	
              ,
                California, ("Property").

            
	 	
              C.
                THE PURCHASE PRICE offered is   Four
                Hundred Fifty Thousand

            	 
	 	
              Dollars
                $450,000.00

            	 
	 	
              D.
                CLOSE OF ESCROW shall occur
                on                                                                                                         (date)
                (or ý   15

            	
              Days
                After Acceptance).

            


    

     

    
      	
               

            	
              2.

            	
              FINANCE
                TERMS: Obtaining the loans below is a contingency
                of this Agreement unless: (i) either 2K or 2L is checked
                below;
                or (ii) otherwise agreed in writing. Buyer shall act diligently and
                in
                good faith to obtain the designated loans. Obtaining deposit, down
                payment
                and closing costs is not a contingency. Buyer represents
                that funds will be good when deposited with Escrow
                Holder.

            


    

    
      	 	
              A.

            	
              INITIAL
                DEPOSIT: Buyer has given a deposit in the amount
                of

            	
              $

            	 


    

    to
      the
      agent submitting the offer (or to q__________________________________
      ), by personal check (or q____________________
      ),
      made
      payable to  _____________________________________________________________________________________________________
      which shall be held uncashed until Acceptance and then deposited within 3
      business days after Acceptance (or q__________________________________________________________________________________
      ), with Escrow Holder, (or q into Broker's
      trust
      account).

    
      	 	
              B.

            	
              INCREASED
                DEPOSIT: Buyer shall deposit with Escrow Holder an increased
                deposit in the amount of

            	
              $

            	 


    

    within___________
      Days After Acceptance, or q_____________________________________________________________________________________

    
      	 	
              C.

            	
              FIRST
                LOAN IN THE AMOUNT OF

            	
              $

            	
               

            


    

    
      	 	(1)	NEW
              First Deed of Trust in favor of lender, encumbering the Property, securing
              a note payable at maximum interest
              of            %
              fixed rate,
              or          % initial
              adjustable rate with a maximum interest rate of _____________ %, balance
              due in _____________ years, amortized over _____________ years. Buyer
              shall pay loan fees/points not to exceed _____________________ . (These
              terms apply whether the designated loan is conventional, FHA or
              VA.)	 


    

    
      	
               

            	
              (2)

            	
              q
                FHA q VA:
                (The
                following terms only apply to the FHA or VA loan that is
                checked.)

            


    

    Seller
      shall
      pay                             
% discount points. Seller shall pay other fees not allowed to be paid
      by
      Buyer, qnot to
      exceed $ . Seller shall pay the cost of lender required Repairs (including
      those for wood destroying pest) not otherwise provided for in this Agreement,
      q not to exceed
      $    . (Actual loan amount may increase if mortgage
      insurance premiums, funding fees or closing costs are financed.)

    
      	 	
              D.

            	
              ADDITIONAL
                FINANCING TERMS: qSeller
                financing,(C.A.R. FormSFA);qsecondary
                financing,

            	
                 $

            	 


    

    
      	
               

            	
              (C.A.R.
                Form PAA, paragraph 4A); q assumed
                financing
                (C.A.R. Form PAA, paragraph 4B)

            


    

    
      	 	
              
                E.

              

            	
              BALANCE
                OF PURCHASE PRICE (not including costs of obtaining loans and
                other closing costs) in the amount of to be deposited with Escrow
                Holder
                within sufficient time to close escrow.

            	
              $

            	
              450,000.00

            


    

     

    
      	
              
                 

              

            	
              F.

            	
              PURCHASE
                PRICE (TOTAL):

            	
              $

            	
              450,000.00

            


    

    
      
        	 	
                G.

              	
                LOAN
                  APPLICATIONS: Within 7 (or q
                  ____________) Days After Acceptance, Buyer shall provide Seller a
                  letter from lender or mortgage loan broker stating that, based
                  on a review
                  of Buyer's written application and credit report, Buyer is prequalified
                  or
                  preapproved for the NEW loan specified in 2C above.

              
	 	
                H.

              	
                VERIFICATION
                  OF DOWN PAYMENT AND CLOSING COSTS:  Buyer (or Buyer's
                  lender or loan broker pursuant to 2G) shall, within 7 (or q_____________)
                  Days After Acceptance, provide Seller written
                  verification of Buyer's down payment and closing costs.

              
	 	 	 
	 	
                I.

              	
                LOAN
                  CONTINGENCY REMOVAL: (i) Within 17 (or q
                  ___________) Days After Acceptance, Buyer shall, as specified in
                  paragraph 14, remove the loan contingency or cancel this Agreement;
                  OR (ii) (if checked) q
                  the loan
                  contingency shall remain in effect until the designated loans are
                  funded.

              
	 	
                J.

              	
                APPRAISAL
                  CONTINGENCY AND REMOVAL: This Agreement is (OR,
                  if checked, q
                  is NOT)
                  contingent upon the Property appraising at no less than the specified
                  purchase price. If there is a loan contingency, at the time the
                  loan
                  contingency is removed (or, if checked, q
                  within 17 (or
                  q     )
                  Days After Acceptance), Buyer shall, as specified
                  in
                  paragraph 14B(3), remove the appraisal contingency or cancel this
                  Agreement. If there is no loan contingency, Buyer shall, as specified
                  in
                  paragraph 14B(3), remove the appraisal contingency within 17 (or
                  ___________ ) Days After Acceptance.

              
	 	
                K.

              	
                ýNO
                  LOAN
                  CONTINGENCY (If checked): Obtaining any loan in paragraphs 2C, 2D
                  or elsewhere in this Agreement is NOT a contingency of this Agreement.
                  If
                  Buyer does not obtain the loan and as a result Buyer does not purchase
                  the
                  Property, Seller may be entitled to Buyer's deposit or other legal
                  remedies.

              
	 	
                L.

              	
                ý
                  ALL CASH
                  OFFER (If checked): No loan is needed to purchase the Property.
                  Buyer shall, within 7 (or q
                  ) Days
                  After Acceptance, provide Seller written verification
                  of
                  sufficient funds to close this transaction.

              
	
                3.

              	
                CLOSING
                  AND OCCUPANCY:

              
	 	
                A.

              	
                Buyer
                  intends (or q
                  does not intend) to occupy the Property as Buyer's primary
                  residence.

              
	 	
                B.

              	
                Seller-occupied
                  or vacant property: Occupancy shall be delivered to Buyer at
                  ______________ q
                  AM q
                  PM, q
                  on the date of
                  Close Of Escrow; q
                  on _____________; or q
                  no later than
                  ________________ Days After Close Of Escrow. (C.A.R. Form
                  PAA, paragraph 2.) If transfer of title and occupancy do not occur
                  at the
                  same time

              


      

    

    Buyer's
      Initials ( __________ ) (__________ )

    
      	
              The
                copyright laws of the United States (Title 17 U.S. Code) forbid the
                unauthorized

            	 
	
              reproduction
                of this form, or any portion thereof, by photocopy machine or any
                other

            	
              Seller's
                Initials (___________ ) (__________ )

            
	
              means,
                including facsimile or computerized formats. Copyright ®
                1991-2004,

            	 
	
               

            	    Reviewed
              by    Date


    

         
      

    EQUAL
      HOUSING

    OPPORTUNITY 

    
      RPA-CA
        REVISED 10/02 (PAGE 1 OF 8) CALIFORNIA RESIDENTIAL PURCHASE AGREEMENT (RPA-CA
        PAGE 1 OF 8)

    

    
      	
              Agent:
                Heather Francine         Phone:
                (714)
                299 -
                9829                                                              Fax:
                (714) 961 -
                5497                                       Prepared
                using WINForms® software

              Broker:
                Integrity Real Estate & Investment Group 18200 Yorba Linda Blvd. Ste
                109D, Yorba Linda CA
                92886

            


    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    
      
        	
                Property
                  Address:

              	
                2648
                  Hampton Way, Clovis, CA  93611

              	
                Date:

              	
                July
                  1, 2007

              


      

    

     

    
      	
               

            	
              C.

            	
              Tenant-occupied
                property: (i) Property shall be vacant at least
                5 (or q
                __________) Days Prior to Close Of Escrow, unless otherwise
                agreed in writing.  Note to
                Seller:  If you are unable to deliver Property vacant in
                accordance with rent control and other applicable Law, you may
                be in breach of this
                Agreement.

            


    

    OR         
      (ii) (if checked) q Tenant
      to remain
      in possession.  The attached addendum is incorporated into
      this Agreement (C.A.R. Form PAA, paragraph 3.);

    OR         
      (iii) (if checked) q This
      Agreement is
      contingent upon Buyer and Seller entering into a written agreement
      regarding occupancy of the Property within the time specified in paragraph
      14B(1). If no written agreement is reached within this time, either Buyer or
      Seller may cancel this Agreement in writing.

    
      	
               

            	
              D.

            	
              At
                Close Of Escrow, Seller assigns to Buyer any assignable warranty
                rights
                for items included in the sale and shall provide any available Copies
                of
                such warranties. Brokers cannot and will not determine the assignability
                of any warranties.

            


    

    
      	
               

            	
              E.

            	
              At
                Close Of Escrow, unless otherwise agreed in writing, Seller shall
                provide
                keys and/or means to operate all locks, mailboxes, security systems,
                alarms and garage door openers. If Property is a condominium or located
                in
                a common interest subdivision, Buyer may be required to pay a deposit
                to
                the Homeowners' Association ("HOA") to obtain keys to accessible
                HOA
                facilities.

            


    

    
      	
              4.
                

            	
              ALLOCATION
                OF COSTS (If checked): Unless otherwise specified here, this
                paragraph only determines who is to pay for the report, inspection,
                test
                or service mentioned. If not specified here or elsewhere in this
                Agreement, the determination of who is to pay for any work recommended
                or
                identified by any such report, inspection, test or service shall
                be by the
                method specified in paragraph
                14B(2).

            


    

     A.
      WOOD DESTROYING PEST INSPECTION:

    
      	
            	
              (1)

            	
              q
                Buyer q
                Seller shall pay for an inspection and report for wood destroying
                pests
                and organisms ("Report") which shall be prepared by
                                                                                                                                                                                                    , a
                registered structural pest control company. The Report shall cover
                the
                accessible areas of the main building and attached structures and,
                if
                checked: q
                detached garages and carports, q
                detached decks, q
                the following other structures or areas
                                                                                                                                                                                                                          .  The
                Report shall not include roof coverings. If Property is a condominium
                or
                located in a common interest subdivision, the Report shall include
                only
                the separate interest and any exclusive-use areas being transferred
                and
                shall not include common areas, unless otherwise agreed. Water tests
                of
                shower pans on upper level units may not be performed without consent
                of
                the owners of property below the
                shower.

            


    

     OR            
      (2) q (If
checked)
The
      attached addendum (C.A.R. Form WPA) regarding wood
      destroying pest inspection and allocation of cost is incorporated into this
      Agreement.

     B.
      OTHER INSPECTIONS AND REPORTS:

    
      	
            	
              (1)

            	
              q
                Buyer ý Seller
                shall pay
                to have septic or private sewage disposal systems inspected
                __________________________________

            


    

    
      	
            	
              (2)

            	
              q
                Buyer ý Seller
                shall pay
                to have domestic wells tested for water potability and productivity
                ______________________________

            


    

    
      	
            	
              (3)

            	
              q
                Buyer ý Seller
                shall pay
                for a natural hazard zone disclosure report prepared by Sellers
                Choice                                                                   

            


    

    
      	
            	
              (4)

            	
              q
                Buyer q Seller
                shall pay
                for the following inspection or report
                ____________________________________

            


    

    
      	
            	
              (5)

            	
              q
                Buyer q Seller
                shall pay
                for the following inspection or report
                _____________________________________

            


    

     C.
      GOVERNMENT REQUIREMENTS AND RETROFIT:

    
      	 	(1)	
              q
                Buyer ý Seller
                shall pay
                for smoke detector installation and/or water heater bracing, if required
                by Law. Prior to Close Of Escrow, Seller shall provide Buyer a written
                statement of compliance in accordance with state and local Law, unless
                exempt.

            


    

    
      	 	(2)	Buyer
              ý Seller
              shall pay the cost of compliance with any other minimum mandatory
              government retrofit standards, inspections and reports if required
              as a
              condition of closing escrow under any
              Law.__________________________________________________________________


    

     D.
      ESCROW AND TITLE:

    
      	 	(1)	
              ý
                Buyer ý Seller
                shall pay
                escrow fee 50/50 each their
                own                                                                                                                                
                

              Escrow
                Holder shall be Gold Country
                Escrow                                                                                                                                                     

            


    

    
      	 	(2)	
              q
                Buyer ý Seller
                shall pay
                for owner's title insurance policy specified in paragraph
                12E __________________________________________

              Owner's
                title policy to be issued by Land America
                Southland                                                                                                                              
                

              (Buyer
                shall pay for any title insurance policy insuring Buyer's lender,
                unless otherwise agreed in
                writing.)

            


    

     E.
      OTHER COSTS:

    
      	 	(1)	q
              Buyer ý Seller
              shall pay
              County transfer tax or transfer fee
              _____________________________________


    

    
      	 	(2)	q
              Buyer ý Seller
              shall pay
              City transfer tax or transfer fee
              ________________________________________


    

    
      	 	(3)	q
              Buyer
              ý Seller
              shall pay HOA transfer fee
              __________________________________________________


    

    
      	 	(4)	q
              Buyer ý Seller
              shall pay
              HOA document preparation fees
              ______________________________________


    

    
      	 	(5)	
              ý
                Buyer q Seller
                shall pay
                the cost, not to exceed $
                $400.00                                                                       ,
                of a one-year home warranty plan,

              issued
                by Fidelity Home
                Warranty                                                                                                                                                                             

              with
                the following optional coverage:
                HVAC                                                                                                                                       

            


    

    
      	 	(6)	q
              Buyer q Seller
              shall pay
              for
              _____________________________________________________________


    

    
      	
            	
              (7)     
                

            	
              r Buyer
q
                Seller shall pay
                for
                _______________________________________________________

            


    

    
      	
              5.

            	
              STATUTORY
                DISCLOSURES (INCLUDING LEAD-BASED PAINT HAZARD DISCLOSURES) AND
                CANCELLATION RIGHTS:

            


    

    
      	
              A.
                 

            	(1)	
              Seller
                shall, within the time specified in paragraph 14A, deliver to Buyer,
                if
                required by Law: (i) Federal Lead-Based Paint Disclosures and pamphlet
                ("Lead Disclosures"); and (ii) disclosures or notices required by
                sections
                1102 et. seq. and 1103 et. seq. of the California Civil Code ("Statutory
                Disclosures"). Statutory Disclosures include, but are not limited
                to, a
                Real Estate Transfer Disclosure Statement ("TDS"), Natural Hazard
                Disclosure Statement ("NHD"), notice or actual knowledge of release
                of
                illegal controlled substance, notice of special tax and/or assessments
                (or, if allowed, substantially equivalent notice regarding the Mello-Roos
                Community Facilities Act and Improvement Bond Act of 1915) and, if
                Seller
                has actual knowledge, an industrial use and military ordnance location
                disclosure (C.A.R. Form SSD).

            


      	 	(2)	
              Buyer
                shall, within the time specified in paragraph 14B(1), return Signed
                Copies
                of the Statutory and Lead Disclosures to
                Seller.

            


      	 	(3)	
              In
                the event Seller, prior to Close Of Escrow, becomes aware of adverse
                conditions materially affecting the Property, or any material inaccuracy
                in disclosures, information or representations previously provided
                to
                Buyer of which Buyer is otherwise unaware, Seller shall promptly
                provide a
                subsequent or amended disclosure or notice, in writing, covering
                those
                items. However, a subsequent or amended disclosure shall not be
                required for conditions and material inaccuracies disclosed in reports
                ordered and paid for by
                Buyer.

            


    

    
       

    

    Buyer's
      Initials
      (               )
      (                )

    Seller's
      Initials
      (               )
      (                )

    
           
        

      EQUAL
        HOUSING

      OPPORTUNITY   

    

    
      
        
          	 	 
	Copyright
                  © 1991-2004, CALIFORNIA
                  ASSOCIATION OF
                  REALTORS®, INC.	Reviewed
                  by     Date


        

      

      RPA-CA
        REVISED 10/02 (PAGE 2 OF 8)

      Ministry
        Partners

    

    
      CALIFORNIA
        RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 2 OF
        8)     


    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              Property
                Address:

            	
              2648
                Hampton Way, Clovis, CA  93611

            	
              Date:

            	
              July
                1, 2007

            


    

     

    
      	
               

            	
              (4)

            	
              If
                any disclosure or notice specified in 5A(1), or subsequent or amended
                disclosure or notice is delivered to Buyer after the offer is Signed,
                Buyer shall have the right to cancel this Agreement within 3 Days
                After delivery in person, or 5 Days After
                delivery by deposit in the mail, by giving written notice of cancellation
                to Seller or Seller's agent. (Lead Disclosures sent by mail must
                be sent
                certified mail or better.)

            


    

    
      	
            	
              (5)

            	
              Note
                to Buyer and Seller: Waiver of Statutory and Lead Disclosures is
                prohibited by Law.

            


    

    
      	
            	
              B.

            	
              NATURAL
                AND ENVIRONMENTAL HAZARDS: Within the time specified in paragraph
                14A, Seller shall, if required by Law: (i) deliver to Buyer earthquake
                guides (and questionnaire) and environmental hazards booklet; (ii)
                even if
                exempt from the obligation to provide a NHD, disclose if the Property
                is
                located in a Special Flood Hazard Area; Potential Flooding (Inundation)
                Area; Very High Fire Hazard Zone; State Fire Responsibility Area;
                Earthquake Fault Zone; Seismic Hazard Zone; and (iii) disclose any
                other
                zone as required by Law and provide any other information required
                for
                those zones.

            


      	 	C.	
               DATA
                BASE DISCLOSURE: NOTICE: The California Department of Justice,
                sheriff's departments, police departments serving jurisdictions of
                200,000
                or more and many other local law enforcement authorities maintain
                for
                public access a data base of the locations of persons required to
                register
                pursuant to paragraph (1) of subdivision (a) of Section 290.4 of
                the Penal
                Code. The data base is updated on a quarterly basis and a source
                of
                information about the presence of these individuals in any neighborhood.
                The Department of Justice also maintains a Sex Offender Identification
                Line through which inquiries about individuals may be made. This
                is a
                "900" telephone service. Callers must have specific information about
                individuals they are checking. Information regarding neighborhoods
                is not
                available through the "900" telephone
                service.

            


    

    
      	
              6.

            	
              CONDOMINIUM/PLANNED
                UNIT DEVELOPMENT
                DISCLOSURES:

            


    

    
      	
            	
              A.

            	
              SELLER
                HAS: 7 (or q                           )
                Days After Acceptance to disclose to Buyer whether the
                Property is a condominium, or is located in a planned unit development
                or
                other common interest subdivision (C.A.R. Form
                SSD).

            


    

    
      	
            	
              B.

            	
              If
                the Property is a condominium or is located in a planned unit development
                or other common interest subdivision, Seller has 3 (or q                     
                ) Days After Acceptance to request from the HOA (CA.R.
                Form HOA): (i) Copies of any documents required by Law; (ii) disclosure
                of
                any pending or anticipated claim or litigation by or against the
                HOA;
                (iii) a statement containing the location and number of designated
                parking
                and storage spaces; (iv) Copies of the most recent 12 months of HOA
                minutes for regular and special meetings; and (v) the names and contact
                information of all HOAs governing the Property (collectively, "CI
                Disclosures"). Seller shall itemize and deliver to Buyer all CI
                Disclosures received from the HOA and any CI Disclosures in Seller's
                possession. Buyer's approval of CI Disclosures is a contingency of
                this
                Agreement as specified in paragraph
                14B(3).

            


    

    
      	
              7.

            	
              CONDITIONS
                AFFECTING PROPERTY:

            


    

    
      	
            	
              A.

            	
              Unless
                otherwise agreed: (i) the Property is sold (a) in its PRESENT
                physical condition as of the date of Acceptance and (b) subject to
                Buyer's
                Investigation rights; (ii) the Property, including pool, spa,
                landscaping and grounds, is to be maintained in substantially the
                same
                condition as on the date of Acceptance; and (iii) all debris and
                personal
                property not included in the sale shall be removed by Close Of
                Escrow.

            


    

    
      	
            	
              B.

            	
              SELLER
                SHALL, within the time specified in paragraph 14A, DISCLOSE KNOWN
                MATERIAL
                FACTS AND DEFECTS affecting the Property, including known insurance
                claims
                within the past five years, AND MAKE OTHER DISCLOSURES REQUIRED BY
                LAW
                (C.A.R. Form SSD).

            


    

    
      	
            	
              C.

            	
              NOTE
                TO BUYER: You are strongly advised to conduct investigations of the
                entire
                Property in order to determine its present condition since Seller
                may not
                be aware of all defects affecting the Property or other factors that
                you
                consider important. Property improvements may not be built according
                to
                code, in compliance with current Law, or have had permits
                issued.

            


    

    
      	
            	
              D.

            	
              NOTE
                TO SELLER: Buyer has the right to inspect the Property and, as specified
                in paragraph 14B, based upon information discovered in those inspections:
                (i) cancel this Agreement; or (ii)
                request that you make Repairs or take other
                action.

            


    

    
      	
              8.

            	
              ITEMS
                INCLUDED AND EXCLUDED:

            


    

    
      	
            	
              A.

            	
              NOTE
                TO BUYER AND SELLER: Items listed as included or
                excluded in the MLS, flyers or marketing materials are not included
                in the
                purchase price or excluded from the sale unless specified in 8B or
                C.

            


    

    
      	
            	
              B.

            	
              ITEMS
                INCLUDED IN SALE:

            


    

    
      	
            	
              (1)

            	
              All
                EXISTING fixtures and fittings that are attached to the
                Property;

            


    

    
      	
            	
              (2)

            	
              Existing
                electrical, mechanical, lighting, plumbing and heating fixtures,
                ceiling
                fans, fireplace inserts, gas logs and grates, solar systems, built-in
                appliances, window and door screens, awnings, shutters, window coverings,
                attached floor coverings, television antennas, satellite dishes,
                private
                integrated telephone systems, air coolers/conditioners, pool/spa
                equipment, garage door openers/remote controls, mailbox, in-ground
                landscaping, trees/shrubs, water softeners, water purifiers, security
                systems/alarms; and

            


    

    
      	
            	
              (3)

            	
              The
                following items:
                __________________________________________________________________________________________________

            


    

    
      	
            	
              (4)

            	
              Seller
                represents that all items included in the purchase price, unless
                otherwise
                specified, are owned by Seller.

            


    

    
      	
            	
              (5)

            	
              All
                items included shall be transferred free of liens and without Seller
                warranty.

            


    

    
      	
            	
              C.

            	
              ITEMS
                EXCLUDED FROM SALE:

            


    

    
      	
              9.

            	
              BUYER'S
                INVESTIGATION OF PROPERTY AND MATTERS AFFECTING
                PROPERTY:

            


    

    
      	
            	
              A.

            	
              Buyer's
                acceptance of the condition of, and any other matter affecting the
                Property, is a contingency of this Agreement as specified in this
                paragraph and paragraph 14B. Within the time specified in paragraph
                14B(1), Buyer shall have the right, at Buyer's expense unless otherwise
                agreed, to conduct inspections, investigations, tests, surveys and
                other
                studies ("Buyer Investigations"), including, but not limited to,
                the right
                to: (i) inspect for lead-based paint and other lead-based paint hazards;
                (ii) inspect for wood destroying pests and organisms; (iii) review
                the
                registered sex offender database; (iv) confirm the insurability of
                Buyer
                and the Property; and (v) satisfy Buyer as to any matter specified
                in the
                attached Buyer's Inspection Advisory (C.A.R. Form BIA). Without Seller's
                prior written consent, Buyer shall neither make nor cause to be made:
                (i)
                invasive or destructive Buyer Investigations; or (ii) inspections
                by any
                governmental building or zoning inspector or government employee,
                unless
                required by Law.

            


    

    
      	
            	
              B.

            	
              Buyer
                shall complete Buyer Investigations and, as specified in paragraph
                14B,
                remove the contingency or cancel this Agreement. Buyer shall give
                Seller,
                at no cost, complete Copies of all Buyer Investigation reports obtained
                by
                Buyer. Seller shall make the Property available for all Buyer
                Investigations. Seller shall have water, gas, electricity and all
                operable
                pilot lights on for Buyer's Investigations and through the date possession
                is made available to Buyer.

            


    

     

    Buyer's
      Initials (___________ ) (__________ )

    
      
        Seller's
          Initials (___________ )
          (__________ )

        
               
            

          EQUAL
            HOUSING

          OPPORTUNITY   

        

        
          
            	Copyright
                    © 1991-2004, CALIFORNIA
                    ASSOCIATION OF
                    REALTORS®, INC.	 
	RPA-CA
                    REVISED 10/02 (PAGE 3 OF 8)	Reviewed
                    by                                               
                    Date


          

        

        Ministry
          Partners

        CALIFORNIA
          RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 3 OF
          8)

      

    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              Property Address:

            	
              2648
                Hampton Way, Clovis, CA  93611

            	
              Date:

            	
              July
                1, 2007

            


    

     

    
      	
              10.

            	
              REPAIRS:
                Repairs shall be completed prior to final verification of
                condition unless otherwise agreed in writing. Repairs to be performed
                at
                Seller's expense may be performed by Seller or through others, provided
                that the work complies with applicable Law, including governmental
                permit,
                inspection and approval requirements. Repairs shall be performed
                in a
                good, skillful manner with materials of quality and appearance comparable
                to existing materials. It is understood that exact restoration of
                appearance or cosmetic items following all Repairs may not be possible.
                Seller shall: (i) obtain receipts for Repairs performed by others;
                (ii)
                prepare a written statement indicating the Repairs performed by Seller
                and
                the date of such Repairs; and (iii) provide Copies of receipts and
                statements to Buyer prior to final verification of
                condition.

            


    

    
      	
              11.

            	
              BUYER
                INDEMNITY AND SELLER PROTECTION FOR ENTRY UPON PROPERTY: Buyer
                shall: (i) keep the Property free and clear of liens; (ii) Repair
                all
                damage arising from Buyer Investigations; and (iii) indemnify and
                hold
                Seller harmless from all resulting liability, claims, demands, damages
                and
                costs. Buyer shall carry, or Buyer shall require anyone acting on
                Buyer's
                behalf to carry, policies of liability, workers' compensation and
                other
                applicable insurance, defending and protecting Seller from liability
                for
                any injuries to persons or property occurring during any Buyer
                Investigations or work done on the Property at Buyer's direction
                prior to
                Close Of Escrow. Seller is advised that certain protections may be
                afforded Seller by recording a "Notice of Non-responsibility" (C.A.R.
                Form
                NNR) for Buyer Investigations and work done on the Property at Buyer's
                direction. Buyer's obligations under this paragraph shall survive
                the
                termination of this Agreement.

            


    

    
      	
              12.

            	
              TITLE
                AND VESTING:

            


    

    
      	
            	
              A.

            	
              Within
                the time specified in paragraph 14, Buyer shall be provided a current
                preliminary (title) report, which is only an offer by the title insurer
                to
                issue a policy of title insurance and may not contain every item
                affecting
                title. Buyer's review of the preliminary report and any other matters
                which may affect title are a contingency of this Agreement as specified
                in
                paragraph 14B.

            


    

    
      	
            	
              B.

            	
              Title
                is taken in its present condition subject to all encumbrances, easements,
                covenants, conditions, restrictions, rights and other matters, whether
                of
                record or not, as of the date of Acceptance except: (i) monetary
                liens of
                record unless Buyer is assuming those obligations or taking the Property
                subject to those obligations; and (ii) those matters which Seller
                has
                agreed to remove in writing.

            


    

    
      	
            	
              C.

            	
              Within
                the time specified in paragraph 14A, Seller has a duty to disclose
                to
                Buyer all matters known to Seller affecting title, whether of record
                or
                not.

            


    

    
      	
            	
              D.

            	
              At
                Close Of Escrow, Buyer shall receive a grant deed conveying title
                (or, for
                stock cooperative or long-term lease, an assignment of stock certificate
                or of Seller's leasehold interest), including oil, mineral and water
                rights if currently owned by Seller. Title shall vest as designated
                in
                Buyer's supplemental escrow instructions. THE MANNER OF TAKING TITLE
                MAY
                HAVE SIGNIFICANT LEGAL AND TAX CONSEQUENCES. CONSULT AN APPROPRIATE
                PROFESSIONAL.

            


    

    
      	
            	
              E.

            	
              Buyer
                shall receive a CLTAIALTA Homeowner's Policy of Title Insurance.
                A title
                company, at Buyer's request, can provide information about the
                availability, desirability, coverage, and cost of various title insurance
                coverages and endorsements. If Buyer desires title coverage other
                than
                that required by this paragraph, Buyer shall instruct Escrow Holder
                in
                writing and pay any increase in
                cost.

            


    

    
      	
              13.

            	
              SALE
                OF BUYER'S PROPERTY:

            


    

    
      	
            	
              A.

            	
              This
                Agreement is NOT contingent upon the sale of any property owned by
                Buyer.

            


    

    
      	
              OR 
                

            	
              B.
                

            	
              q
                (If checked): The
                attached addendum (C.A.R. Form COP) regarding the contingency for
                the sale
                of property owned by Buyer is incorporated into this
                Agreement.

            


    

    
      	
              14.

            	
              TIME
                PERIODS; REMOVAL OF CONTINGENCIES; CANCELLATION RIGHTS: The following
                time
                periods may only be extended, altered, modified or changed by mutual
                written agreement. Any removal of contingencies or cancellation under
                this
                paragraph must be in writing (C.A.R. Form
                CR).

            


    

    
      	
            	
              A.

            	
              SELLER
                HAS: 7 (or q
                ____________________) Days After Acceptance to deliver to
                Buyer all reports, disclosures and information for which Seller is
                responsible
                under paragraphs 4, 5A and B, 6A, 7B and
                12.

            


    

    
      	               
              B.	
              (1)
                

            	
              BUYER
                HAS: 17 (or q
                ________________) Days After Acceptance, unless otherwise agreed
                in writing, to:

            


    

    (i)
      complete all Buyer Investigations; approve all disclosures, reports and other
      applicable information, which Buyer receives from Seller; and approve all
      matters affecting the Property (including lead-based paint and lead-based paint
      hazards as well as other information specified in paragraph 5 and insurability
      of Buyer and the Property); and

    (ii)
      return to Seller Signed Copies of Statutory and Lead Disclosures delivered
      by
      Seller in accordance with paragraph 5A.

    
      	
            	
              (2)

            	
              Within
                the time specified in 14B(1), Buyer may request that Seller make
                repairs
                or take any other action regarding the Property (C.A.R. Form RR).
                Seller
                has no obligation to agree to or respond to Buyer's
                requests.

            


    

    
      	
            	
              (3)

            	
              By
                the end of the time specified in 14B(1) (or 21 for loan contingency
                or 2J
                for appraisal contingency), Buyer shall, in writing, remove the applicable
                contingency (C.A.R. Form CR) or cancel this Agreement. However, if
                (i)
                government-mandated inspections/ reports required as a condition
                of
                closing; or (ii) Common Interest Disclosures pursuant to paragraph
                6B are
                not made within the time specified in 14A, then Buyer has 5 (or q) Days
                After receipt of any such items, or the time specified in
                14B(1),
                whichever is later, to remove the applicable contingency or cancel
                this
                Agreement in writing.

            


    

    
      	
            	
              C.

            	
              CONTINUATION
                OF CONTINGENCY OR CONTRACTUAL OBLIGATION; SELLER RIGHT TO
                CANCEL:

            


    

    
      	
            	
              (1)

            	
              Seller
                right to Cancel; Buyer Contingencies: Seller, after first giving
                Buyer a Notice to Buyer to Perform (as specified below), may cancel
                this
                Agreement in writing and authorize return of Buyer's deposit if,
                by the
                time specified in this Agreement, Buyer does not remove in writing
                the
                applicable contingency or cancel this Agreement. Once all contingencies
                have been removed, failure of either Buyer or Seller to close escrow
                on
                time may be a breach of this
                Agreement.

            


    

    
      	
            	
              (2)

            	
              Continuation
                of Contingency: Even after the expiration of the time specified
                in 14B, Buyer retains the right to make requests to Seller, remove
                in
                writing the applicable contingency or cancel this Agreement until
                Seller
                cancels pursuant to 14C(1). Once Seller receives Buyer's written
                removal
                of all contingencies, Seller may not cancel this Agreement pursuant
                to
                14C(1).

            


    

    
      	
            	
              (3)

            	
              Seller
                right to Cancel; Buyer Contract Obligations: Seller, after first
                giving Buyer a Notice to Buyer to Perform (as specified below), may
                cancel
                this Agreement in writing and authorize return of Buyer's deposit
                for any
                of the following reasons: (i) if Buyer fails to deposit funds as
                required
                by 2A or 2B; (ii) if the funds deposited pursuant to 2A or 2B are
                not good
                when deposited; (iii) if Buyer fails to provide a letter as required
                by
                2G; (iv) if Buyer fails to provide verification as required by 2H
                or 2L;
                (v) if Seller reasonably disapproves of the verification provided
                by 2H or
                2L; (vi) if Buyer fails to return Statutory and Lead Disclosures
                as
                required by paragraph 5A(2); or (vii) if Buyer fails to sign or initial
                a
                separate liquidated damage form for an increased deposit as required
                by
                paragraph 16. Seller is not required to give Buyer a Notice to
                Perform regarding Close of
                Escrow.

            


    

    
      	
            	
              (4)

            	
              Notice
                To Buyer To Perform: The Notice to Buyer to Perform (C.A.R. Form
                NBP) shall: (i) be in writing; (ii) be signed by Seller; and (iii)
                give
                Buyer at least 24 (or q                   
                ) hours (or until the time specified in the applicable paragraph,
                whichever occurs last) to take the applicable action. A Notice to
                Buyer to
                Perform may not be given any earlier than 2 Days Prior to
                the expiration of the applicable time for Buyer to remove a contingency
                or
                cancel this Agreement or meet a 14C(3)
                obligation.

            


    

     

    Buyer's
      Initials (________ ) (_________ )

    
      
        Seller's
          Initials (________ )
          (_________ )

         

      

    

    
      	 	Reviewed
              by                      
              Date


    

    
           
        

      EQUAL
        HOUSING

      OPPORTUNITY   

      Copyright
©
1991-2004,
        CALIFORNIA
        ASSOCIATION OF REALTORS®, INC. 

    

    RPA-CA
      REVISED 10/02 (PAGE 4 OF 8)

    Ministry
      Partners

    CALIFORNIA
      RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 4 OF 8)

    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    
      	
              Property
                Address:

            	
              2648
                Hampton Way, Clovis, CA  93611

            	
              Date:

            	
              July
                1, 2007

            


    

     

    
      	
            	
              D.

            	
              EFFECT
                OF BUYER'S REMOVAL OF CONTINGENCIES: If Buyer removes, in
                writing, any contingency or cancellation rights, unless otherwise
                specified in a separate written agreement between Buyer and Seller,
                Buyer
                shall conclusively be deemed to have: (i) completed all Buyer
                Investigations, and review of reports and other applicable information
                and
                disclosures pertaining to that contingency or cancellation right;
                (ii)
                elected to proceed with the transaction; and (iii) assumed all liability,
                responsibility and expense for Repairs or corrections pertaining
                to that
                contingency or cancellation right, or for inability to obtain
                financing.

            


    

    
      	
            	
              E.

            	
              EFFECT
                OF CANCELLATION ON DEPOSITS: If Buyer or Seller gives written
                notice of cancellation pursuant to rights duly exercised under the
                terms
                of this Agreement, Buyer and Seller agree to Sign mutual instructions
                to
                cancel the sale and escrow and release deposits to the party entitled
                to
                the funds, less fees and costs incurred by that party. Fees and costs
                may
                be payable to service providers and vendors for services and products
                provided during escrow. Release of funds will require mutual
                Signed release instructions from Buyer and Seller, judicial decision
                or
                arbitration award. A party may be subject to a civil penalty of up
                to
                $1,000 for refusal to sign such instructions if no good faith dispute
                exists as to who is entitled to the deposited funds (Civil Code
                §1057.3).

            


    

    
      	
              15.

            	
              FINALVERIFICATION
                OF CONDITION: Buyer shall have the right to make a final
                inspection of the Property within 5
                (or                           
                ) Days Prior to Close Of Escrow, NOT AS A CONTINGENCY OF THE
                SALE, but solely to confirm: (i) the Property is maintained pursuant
                to
                paragraph 7A; (ii) Repairs have been completed as agreed; and (iii)
                Seller
                has complied with Seller's other obligations under this
                Agreement.

            


    

    
      	
              16.

            	
              LIQUIDATED
                DAMAGES: If Buyer fails to complete this purchase because of Buyer's
                default, Seller shall retain, as liquidated damages, the deposit
                actually
                paid. If the Property is a dwelling with no more than four units,
                one of
                which Buyer intends to occupy, then the amount retained shall be
                no more
                than 3% of the purchase price. Any excess shall be returned to Buyer.
                Release of funds will require mutual, Signed release instructions
                from
                both Buyer and Seller, judicial decision or arbitration
                award.

              BUYER
                AND SELLER SHALL SIGN A SEPARATE LIQUIDATED DAMAGES PROVISION FOR
                ANY
                INCREASED DEPOSIT. (C.A.R. FORM
                RID)

            


    

    
       

      
        	 Buyer's
                Initials                                 /                               Seller's
                Initials                               /


      

    

    
      	17.	
              DISPUTE
                RESOLUTION:

            


    

    
      	
            	
              A.

            	
              MEDIATION:
                Buyer and Seller agree to mediate any dispute or claim arising
                between them out of this Agreement, or any resulting transaction,
                before
                resorting to arbitration or court action. Paragraphs 17B(2) and (3)
                below
                apply whether or not the Arbitration provision is initialed. Mediation
                fees, if any, shall be divided equally among the parties involved.
                If, for
                any dispute or claim to which this paragraph applies, any party commences
                an action without first attempting to resolve the matter through
                mediation, or refuses to mediate after a request has been made, then
                that
                party shall not be entitled to recover attorney fees, even if they
                would
                otherwise be available to that party in any such action. THIS MEDIATION
                PROVISION APPLIES WHETHER OR NOT THE ARBITRATION PROVISION IS
                INITIALED.

            


    

    
      	
            	
              B.

            	
              ARBITRATION
                OF DISPUTES: (1) Buyer and Seller agree that any dispute or claim
                in Law
                or equity arising between them out of this Agreement or any resulting
                transaction, which is not settled through mediation, shall be decided
                by
                neutral, binding arbitration, including and subject to paragraphs
                17B(2)
                and (3) below. The arbitrator shall be a retired judge or justice,
                or an
                attorney with at least 5 years of residential real estate Law experience,
                unless the parties mutually agree to a different arbitrator, who
                shall
                render an award in accordance with substantive California Law. The
                parties
                shall have the right to discovery in accordance with California Code
                of
                Civil Procedure §1283.05. In all other respects, the arbitration shall be
                conducted in accordance with Title 9 of Part III of the California
                Code of
                Civil Procedure. Judgment upon the award of the arbitrator(s) may
                be
                entered into any court having jurisdiction. Interpretation of this
                agreement to arbitrate shall be governed by the Federal Arbitration
                Act.

            


    

    
      	
            	
              (2)

            	
              EXCLUSIONS
                FROM MEDIATION AND ARBITRATION: The following matters are excluded
                from
                mediation and arbitration: (i) a judicial or non-judicial foreclosure
                or
                other action or proceeding to enforce a deed of trust, mortgage or
                installment land sale contract as defined in California Civil Code
§2985;
                (ii) an unlawful detainer action; (iii) the filing or enforcement
                of a
                mechanic's lien; and (iv) any matter that is within the jurisdiction
                of a
                probate, small claims or bankruptcy court. The filing of a court
                action to
                enable the recording of a notice of pending action, for order of
                attachment, receivership, injunction, or other provisional remedies,
                shall
                not constitute a waiver of the mediation and arbitration
                provisions.

            


    

    
      	
            	
              (3)

            	
              BROKERS:
                Buyer and Seller agree to mediate and arbitrate disputes or claims
                involving either or both Brokers, consistent with 17A and B, provided
                either or both Brokers shall have agreed to such mediation or arbitration
                prior to, or within a reasonable time after, the dispute or claim
                is
                presented to Brokers. Any election by either or both Brokers to
                participate in mediation or arbitration shall not result in Brokers
                being
                deemed parties to the
                Agreement.

            


    

    "NOTICE:
      BY INITIALING IN THE SPACE BELOW YOU ARE AGREEING TO HAVE ANY DISPUTE ARISING
      OUT OF THE MATTERS INCLUDED IN THE `ARBITRATION OF DISPUTES' PROVISION DECIDED
      BY NEUTRAL ARBITRATION AS PROVIDED BY CALIFORNIA LAW AND YOU ARE GIVING UP
      ANY
      RIGHTS YOU MIGHT POSSESS TO HAVE THE DISPUTE LITIGATED IN A COURT OR JURY TRIAL.
      BY INITIALING IN THE SPACE BELOW YOU ARE GIVING UP YOUR JUDICIAL RIGHTS TO
      DISCOVERY AND APPEAL, UNLESS THOSE RIGHTS ARE SPECIFICALLY INCLUDED IN THE
      `ARBITRATION OF DISPUTES' PROVISION. IF YOU REFUSE TO SUBMIT TO ARBITRATION
      AFTER AGREEING TO THIS PROVISION, YOU MAY BE COMPELLED TO ARBITRATE UNDER THE
      AUTHORITY OF THE CALIFORNIA CODE OF CIVIL PROCEDURE. YOUR AGREEMENT TO THIS
      ARBITRATION PROVISION IS VOLUNTARY."

    
      
        "WE
          HAVE READ AND UNDERSTAND THE FOREGOING AND AGREE TO SUBMIT DISPUTES ARISING
          OUT
          OF THE MATTERS INCLUDED IN THE `ARBITRATION OF DISPUTES' PROVISION TO NEUTRAL
          ARBITRATION."



      
        	
                Buyer's
                  Initials                                 /                               Seller's
                  Initials                               /

              


      

      Buyer's
        Initials (___________ )

    

    Seller's
      Initials (___________ )

    
      
        
          	
                  Reviewed
                    by                              Date
                    

                


        

        
               
            

          EQUAL
            HOUSING

          OPPORTUNITY

          Copyright
©
1991-2004,
            CALIFORNIA
            ASSOCIATION OF REALTORS®, INC. 

        

      

      RPA-CA
        REVISED 10/02 (PAGE 5 OF 8)

      Ministry
        Partners

    

     

    
      CALIFORNIA
        RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 5 OF
        8)

    


    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    
      	
              Property Address:

            	
              2648
                Hampton Way, Clovis, CA  93611

            	
              Date:

            	
              July
                1, 2007

            


    

     

    
      	
              18.

            	
              PRORATIONS
                OF PROPERTY TAXES AND OTHER ITEMS: Unless otherwise agreed in
                writing, the following items shall be PAID CURRENT and prorated between
                Buyer and Seller as of Close Of Escrow: real property taxes and
                assessments, interest, rents, HOA regular, special, and emergency
                dues and
                assessments imposed prior to Close Of Escrow, premiums on insurance
                assumed by Buyer, payments on bonds and assessments assumed by Buyer,
                and
                payments on Mello-Roos and other Special Assessment District bonds
                and
                assessments that are now a lien. The following items shall be assumed
                by
                Buyer WITHOUT CREDIT toward the purchase price: prorated payments
                on
                Mello-Roos and other Special Assessment District bonds and assessments
                and
                HOA special assessments that are now a lien but not yet due. Property
                will
                be reassessed upon change of ownership. Any supplemental tax bills
                shall
                be paid as follows: (i) for periods after Close Of Escrow, by Buyer;
                and
                (ii) for periods prior to Close Of Escrow, by Seller. TAX BILLS ISSUED
                AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND
                SELLER.
                Prorations shall be made based on a 30-day
                month.

            


    

    
      	
              19.

            	
              WITHHOLDING
                TAXES: Seller and Buyer agree to execute any instrument,
                affidavit, statement or instruction reasonably necessary to comply
                with
                federal (FIRPTA) and California withholding Law, if required (C.A.R.
                Forms
                AS and AB).

            


    

    
      	
              20.

            	
              MULTIPLE
                LISTING SERVICE ("MLS"): Brokers are authorized to report to the
                MLS a pending sale and, upon Close Of Escrow, the terms of this
                transaction to be published and disseminated to persons and entities
                authorized to use the information on terms approved by the
                MLS.

            


    

    
      	
              21.

            	
              EQUAL
                HOUSING OPPORTUNITY: The Property is sold in compliance with
                federal, state and local anti-discrimination
                Laws.

            


    

    22.           ATTORNEY
      FEES: In any action, proceeding, or arbitration between Buyer and
      Seller arising out of this Agreement, the prevailing Buyer
      or
      Seller shall be entitled to reasonable attorney fees and costs from the
      non-prevailing Buyer or Seller, except as provided in paragraph
      17A.

    
      	
              23.

            	
              SELECTION
                OF SERVICE PROVIDERS: If Brokers refer Buyer or Seller to
                persons, vendors, or service or product providers ("Providers"),
                Brokers
                do not guarantee the performance of any Providers. Buyer and Seller
                may
                select ANY Providers of their own
                choosing.

            


    

    
      	
              24.

            	
              TIME
                OF ESSENCE; ENTIRE CONTRACT; CHANGES: Time is of the essence. All
                understandings between the parties are incorporated in this Agreement.
                Its
                terms are intended by the parties as a final, complete and exclusive
                expression of their Agreement with respect to its subject matter,
                and may
                not be contradicted by evidence of any prior agreement or contemporaneous
                oral agreement. If any provision of this Agreement is held to be
                ineffective or invalid, the remaining provisions will nevertheless
                be
                given full force and effect. Neither this Agreement nor any
                provision in it may be extended, amended, modified, altered or changed,
                except in writing Signed by Buyer and
                Seller.

            


    

    
      	
              25.

            	
              OTHER
                TERMS AND CONDITIONS, including attached
                supplements:

            


    

    
      	
            	
              A.

            	
              ý
                Buyer's
                Inspection Advisory (C.A.R. Form
                BIA)__________________________________________________________________

            


      	 	B. 	ý


      	 	C.	
              ý
                Purchase Agreement Addendum (C.A.R. Form PAA paragraph
                numbers:__________________________

            


      	 	D.	
              ý
                Statewide Buyer and Statewide Seller (C.A.R. Form
                SBSA)___________________________________________________

              Subject
                to inspection of
                property                                                                                                                                                                                       

            


    

    
      	
              26.

            	
              DEFINITIONS:
                As used in this Agreement:

            


    

    
      	
            	
              A.

            	
              "Acceptance"
                means the time the offer or final counter offer is accepted
                in
                writing by a party and is delivered to and personally received by
                the
                other party or that party's authorized agent in accordance with the
                terms
                of this offer or a final counter
                offer.

            


    

    
      	
            	
              B.

            	
              "Agreement"
                means the terms and conditions of this accepted California
                Residential Purchase Agreement and any accepted counter offers and
                addenda.

            


    

    
      	
            	
              C.

            	
              "C.A.R.
                Form" means the specific form referenced or another
                comparable form agreed to by the
                parties.

            


    

    
      	
            	
              D.

            	
              "Close
                Of Escrow" means the date the grant deed, or
                other evidence of transfer of title, is recorded. If the scheduled
                close
                of escrow falls on a Saturday, Sunday or legal holiday, then close
                of
                escrow shall be the next business day after the scheduled close of
                escrow
                date.

            


    

    
      	
            	
              E.

            	
              "Copy"
                means copy by any means including photocopy, NCR, facsimile
                and
                electronic.

            


    

    
      	
            	
              F.

            	
              "Days"
                means calendar days, unless otherwise required by
                Law.

            


    

    
      	
            	
              G.

            	
              "Days
                After" means the specified number of calendar days after
                the
                occurrence of the event specified, not counting the calendar date
                on which
                the specified event occurs, and ending at 11:59PM on the final
                day.

            


    

    
      	
            	
              H.

            	
              "Days
                Prior" means the specified number of calendar days before the
                occurrence of the event specified, not counting the calendar date
                on which
                the specified event is scheduled to
                occur.

            


    

    
      	
            	
              I.

            	
              "Electronic
                Copy" or "Electronic Signature" means, as applicable, an
                electronic copy or signature complying with California Law. Buyer
                and
                Seller agree that electronic means will not be used by either party
                to
                modify or alter the content or integrity of this Agreement without
                the
                knowledge and consent of the other.

            


    

    
      	
            	
              J.

            	
              "Law"
                means any law, code, statute, ordinance, regulation, rule or order,
                which
                is adopted by a controlling city, county, state or federal legislative,
                judicial or executive body or
                agency.

            


    

    
      	
            	
              K.

            	
              "Notice
                to Buyer to Perform" means a document (C.A.R. Form NBP), which
                shall be in writing and Signed by Seller and shall give Buyer at
                least 24
                hours (or as otherwise specified in paragraph 14C(4)) to
                remove a contingency or perform as
                applicable.

            


    

    
      	
            	
              L.

            	
              "Repairs"
                means any repairs (including pest control), alterations,
                replacements, modifications or retrofitting of the Property provided
                for
                under this Agreement.

            


    

    
      	
            	
              M.

            	
              "Signed"
                means either a handwritten or electronic signature on an
                original
                document, Copy or any counterpart.

            


    

    
      	
            	
              N.

            	
              Singular
                and Plural terms each include the other, when
                appropriate.

            


    

     

    Buyer's
      Initials (________ ) (
                  )

    Seller's
      Initials (________ ) (
                  )

    
      
        	Reviewed
                by                                        
                  Date


      

    

    
           
        

      EQUAL
        HOUSING

      OPPORTUNITY   

    

    
      Copyright
©
1991-2004,
        CALIFORNIA
        ASSOCIATION OF REALTORS®, INC. 

      RPA-CA
        REVISED 10/02 (PAGE 6 OF 8)

      Ministry
        Partners

       

      
        CALIFORNIA
          RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 6 OF
          8)


      

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    


    
      	
              Property
                Address:

            	
              2648
                Hampton Way, Clovis, CA  93611

            	
              Date:

            	
              July
                1, 2007

            


    

     

    
      	
              27.

            	
              AGENCY:

            


    

    
      	
            	
              A.

            	
              DISCLOSURE:
                Buyer and Seller each acknowledge prior receipt of C.A.R.
                Form AD
                "Disclosure Regarding Real Estate Agency
                Relationships."

            


    

    
      	
            	
              B.

            	
              POTENTIALLY
                COMPETING BUYERS AND SELLERS: Buyer and Seller each acknowledge
                receipt of a disclosure of the possibility of multiple representation
                by
                the Broker representing that principal. This disclosure may be part
                of a
                listing agreement, buyer-broker agreement or separate document (C.A.R.
                Form DA). Buyer understands that Broker representing Buyer may also
                represent other potential buyers, who may consider, make offers on
                or
                ultimately acquire the Property. Seller understands that Broker
                representing Seller may also represent other sellers with competing
                properties of interest to this
                Buyer.

            


    

    
      	
            	
              C.

            	
              CONFIRMATION:
                The following agency relationships are hereby confirmed
                for this
                transaction:

              Listing
                Agent ____________________________________________________________________
                (Print Firm Name) is the agent 
                of
                  (check one): q
                  the Seller
                  exclusively; or q
                  both the Buyer
                  and Seller.

                Selling
                  Agent
                                                             Integrity
                  Residential
                  Group                                                
                  (Print Firm Name) (if not same

                as
                  Listing Agent) is the agent of (check one): ý
                  the Buyer exclusively; or q
                  the Seller
                  exclusively; or q
                  both the Buyer
                  and Seller. Real Estate Brokers are not parties to the Agreement
                  between
                  Buyer and Seller.

              

            


    

    
      	
              28.

            	
              JOINT
                ESCROW INSTRUCTIONS TO ESCROW
                HOLDER:

            


    

    
      	
            	
              A.

            	
              The
                following paragraphs, or applicable portions thereof, of this Agreement
                constitute the joint escrow instructions of Buyer and Seller to Escrow
                Holder, which Escrow Holder is to use along with any related
                counter offers and addenda, and any additional mutual instructions
                to
                close the escrow: 1, 2, 4, 12, 13B, 14E, 18, 19, 24, 25B and C, 26,
                28,
                29, 32A, 33 and paragraph D of the section titled Real Estate Brokers
                on
                page 8. If a Copy of the separate compensation agreement(s) provided
                for
                in paragraph 29 or 32A, or paragraph D of the section titled Real
                Estate
                Brokers on page 8 is deposited with Escrow Holder by Broker, Escrow
                Holder
                shall accept such agreement(s) and pay out from Buyer's or Seller's
                funds,
                or both, as applicable, the Broker's compensation provided for in
                such
                agreement(s). The terms and conditions of this Agreement not set
                forth in
                the specified paragraphs are additional matters for the information
                of
                Escrow Holder, but about which Escrow Holder need not be concerned.
                Buyer
                and Seller will receive Escrow Holder's general provisions directly
                from
                Escrow Holder and will execute such provisions upon Escrow Holder's
                request. To the extent the general provisions are inconsistent or
                conflict
                with this Agreement, the general provisions will control as to the
                duties
                and obligations of Escrow Holder only. Buyer and Seller will execute
                additional instructions, documents and forms provided by Escrow Holder
                that are reasonably necessary to close the
                escrow.

            


    

    
      	
            	
              B.

            	
              A
                Copy of this Agreement shall be delivered to Escrow Holder within
                3 business days after Acceptance (or q                                                                                                                                               ).
                Buyer and Seller authorize Escrow Holder to accept and rely on Copies
                and
                Signatures as defined in this Agreement as originals, to open escrow
                and
                for other purposes of escrow. The validity of this Agreement as between
                Buyer and Seller is not affected by whether or when Escrow Holder
                Signs
                this Agreement.

            


    

    
      	
            	
              C.

            	
              Brokers
                are a party to the escrow for the sole purpose of compensation pursuant
                to
                paragraphs 29, 32A and paragraph D of the section titled Real Estate
                Brokers on page 8. Buyer and Seller irrevocably assign to Brokers
                compensation specified in paragraphs 29 and 32A, respectively, and
                irrevocably instruct Escrow Holder to disburse those funds to Brokers
                at
                Close Of Escrow or pursuant to any other mutually executed cancellation
                agreement. Compensation instructions can be amended or revoked only
                with
                the written consent of Brokers. Escrow Holder shall immediately notify
                Brokers: (i) if Buyer's initial or any additional deposit is not
                made
                pursuant to this Agreement, or is not good at time of deposit with
                Escrow
                Holder; or (ii) if Buyer and Seller instruct Escrow Holder to cancel
                escrow.

            


    

    
      	
            	
              D.

            	
              A
                Copy of any amendment that affects any paragraph of this Agreement
                for
                which Escrow Holder is responsible shall be delivered to Escrow Holder
                within 2 business days after mutual execution of the
                amendment.

            


    

    
      	
              29.

            	
              BROKER
                COMPENSATION FROM BUYER: If applicable, upon Close Of Escrow,
                Buyer agrees to pay compensation to Broker as specified
                in a separate written agreement between Buyer and
                Broker.

            


    

    
      	
              30.

            	
              TERMS
                AND CONDITIONS OF OFFER:
                This
                  is an offer to purchase the Property on the above terms and conditions.
                  All paragraphs with spaces for initials by Buyer and Seller are
                  incorporated in this Agreement only if initialed by all parties.
                  If at
                  least one but not all parties initial, a counter offer is required
                  until
                  agreement is reached. Seller has the right to continue to offer
                  the
                  Property for sale and to accept any other offer at any time prior
                  to
                  notification of Acceptance. Buyer has read and acknowledges receipt
                  of a
                  Copy of the offer and agrees to the above confirmation of agency
                  relationships. If this offer is accepted and Buyer subsequently
                  defaults,
                  Buyer may be responsible for payment of Brokers' compensation.
                  This
                  Agreement and any supplement, addendum or modification, including
                  any
                  Copy, may be Signed in two or more counterparts, all of which shall
                  constitute one and the same
                  writing.

              

            


    



    Buyer's
      Initials (________ )

    Seller's
      Initials (________ )

           
        

      EQUAL
        HOUSING

      OPPORTUNITY   

    

    
      
        
          	Copyright
                  © 1991-2004, CALIFORNIA
                  ASSOCIATION OF
                  REALTORS®, INC. 	 
	 RPA-CA
                  REVISED 10/02 (PAGE 7 OF 8)	Reviewed
                  by                             
                  Date


        

      

      Ministry
        Partners

      CALIFORNIA
        RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE 7 OF 8)

       

      
        
          
            
            

          

          
            
            

            
              

            

          

          
            
            

          

        

      

      

        	
                Property Address:

              	
                2648
                  Hampton Way, Clovis, CA  93611

              	
                Date:

              	
                July
                  1, 2007

              


      

    

     

    
      	
              31.

            	
              EXPIRATION
                OF OFFER: This offer shall be deemed revoked and the deposit
                shall be returned unless the offer is Signed by Seller and a Copy
                of the
                Signed offer is personally received by Buyer, or by , who is authorized
                to receive it by 5:00 PM on the third calendar day after this offer
                is
                signed by Buyer (or, if checked, q by
_____________________________________________________________________________(date)
                , at ________________________ q AM
q
                PM).

            


    

     

     

    
      	Date
              	July
              10, 2007	 	Date	 
	BUYER	 	 	BUYER	 
	Ministry
              Partners Investment Corporation 	 	  
	955
              W. Imperial Hwy Ste 101, Brea CA 92821 	 	  
	
              (Address)

            	 	 	 	 


    

     

    
      	
              32.

            	
              BROKER
                COMPENSATION FROM SELLER:

            


    

    
      	
            	
              A.

            	
              Upon
                Close Of Escrow, Seller agrees to pay compensation to Broker as specified
                in a separate written agreement between Seller and
                Broker.

            


    

    
      	
            	
              B.

            	
              If
                escrow does not close, compensation is payable as specified in that
                separate written agreement.

            


    

    
      	
              33.

            	
              ACCEPTANCE
                OF OFFER: Seller warrants that Seller is the owner of the
                Property, or has the authority to execute this Agreement. Seller
                accepts
                the above offer, agrees to sell the Property on the above terms and
                conditions, and agrees to the above confirmation of agency relationships.
                Seller has read and acknowledges receipt of a Copy of this Agreement,
                and
                authorizes Broker to deliver a Signed Copy to
                Buyer.

            


    

    q
      (If checked)
SUBJECT TO ATTACHED COUNTER OFFER,
      DATED_______________________________________________________________

    
      	Date
              	July
              10, 2007	 	Date	 
	SELLER 	 	 	SELLER	 
	Billy
              M. Dodson	 	  
	17120
              Big Oak Lane, Yorba Linda, CA  92886	 	  
	
              (Address)

            	 	 	 	 


    

     

     

    
      	
              (_________/_________
                )

              (Initials) 

            	CONFIRMATION
              OF ACCEPTANCE:   A Copy of Signed Acceptance was
              personally received by Buyer or Buyer's authorized  agent
              on (date) ___________________________at__________________q AM q
              PM. A
              binding Agreement is created when a Copy of Signed Acceptance is
              personally received by Buyer or Buyer's authorized agent whether or
              not
              confirmed in this document. Completion of this confirmation is not
              legally
              required in order to create a binding Agreement; it is solely intended
              to
              evidence the date that Confirmation of Acceptance has
              occurred.


    

    
      	
              REAL
                ESTATE BROKERS:

              A.     Real
                Estate Brokers are not parties to the Agreement between Buyer and
                Seller.

              B.
                Agency relationships are confirmed as stated in paragraph
                27.

              C.     If
                specified in paragraph 2A, Agent who submitted the offer for Buyer
                acknowledges receipt of deposit.

              D.
                COOPERATING BROKER COMPENSATION: Listing Broker agrees to pay
                Cooperating Broker (Selling Firm) and Cooperating Broker
                agrees to

              accept,
                out of Listing Broker's proceeds in escrow: (i) the amount specified
                in
                the MLS, provided Cooperating Broker is a Participant of the MLS
                in

              which
                the Property is offered for sale or a reciprocal MLS; or (ii) q (if
                checked) the
                amount specified in a separate written agreement (C.A.R. Form

              CBC)
                between Listing Broker and Cooperating Broker.

            
	
              Real
                Estate Broker (Selling Firm)  Integrity Residential
                Group                                                                                DRE
                Lic. #01434142

            
	
              By

            	
                         Heather
                Francine           DRE
                Lic. #01424225

            	
              Date
                7/2/07

            	 
	
                State
                CA 
                Zip  92886

              

            	
               

            
	
              Address  18200
                Yorba Linda Blvd Ste 101

            	
              City
                Yorba Linda

            	 
	
              Telephone
                (714) 961-6003

            	
              Fax
                (714) 961-5497

            	
              E-mail  hfrancine@integrityreq.com

            
	
              Real
                Estate Broker (Listing
                Firm)                                                                                                                                DRE
                Lic. #

            
	
              By

            	 	 	 	
               Date

            	 
	
                 State
                
                Zip

              

            
	
              Address

            	 	
              City

            	 
	
              Telephone

            	
              Fax

            	 	
              E-mail

            	 	 
	 	 	 
	
              ESCROW
                HOLDER ACKNOWLEDGMENT:

              Escrow
                Holder acknowledges receipt of a Copy of this Agreement, (if checked,
                q a
                deposit
                in the amount of $

            	 	
              ),

            
	
              counter
                offer
                numbers                                                                                             and

            
	
              ,
                and agrees to act as Escrow Holder subject to paragraph 28 of this
                Agreement, any

            
	
              supplemental
                escrow instructions and the terms of Escrow Holder's general
                provisions.

              Escrow
                Holder is advised that the date of Confirmation of Acceptance of
                the
                Agreement as between Buyer and Seller is

            	 	 
	 
	
              Escrow
                Holder

            	
              Escrow
                #

            
	
              Date 

            
	
              By

            
	  
	
              Address

            
	
              Phone/Fax/E-mail

            	 	 
	
              Escrow
                Holder is licensed by the California Department of q Corporations,
                q Insurance,
                q Real
                Estate.

            	
              License
                #

            	 
	 	 	 	 
	
              (          /        )    REJECTION OF OFFER:

            	
              No
                counter offer is being made.  Thisoffer was reviewed and
                rejected by
                Seller on (Date) 

            
	
              (Seller's
                Initials)

            
	 


       

    

    THIS
      FORM
      HAS BEEN APPROVED BY THE CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). NO
      REPRESENTATION IS MADE AS TO THE LEGAL VALIDITY OR ADEQUACY OF ANY PROVISION
      IN
      ANY SPECIFIC TRANSACTION. A REAL ESTATE BROKER IS THE PERSON QUALIFIED TO ADVISE
      ON REAL ESTATE TRANSACTIONS. IF YOU DESIRE LEGAL OR TAX ADVICE, CONSULT AN
      APPROPRIATE PROFESSIONAL.

    This
      form
      is available for use by the entire real estate industry. It is not intended
      to
      identify the user as a REALTOR®. REALTOR® is a registered collective membership
      mark which may be used only by members of the NATIONAL ASSOCIATION OF REALTORS®
who subscribe to its Code of Ethics.

    Published
      and Distributed by

    REAL
      ESTATE BUSINESS SERVICES, INC.

    a
      subsidiary of the California Association of REALTORS®


    525
      South Virgil Avenue, Los Angeles, California 90020

    RPA-CA
      REVISED 10/02 (PAGE 8 OF 8)

    
           
        

      EQUAL
        HOUSING

      OPPORTUNITY

       

      Ministry
        Partners

      
        CALIFORNIA
          RESIDENTIAL PURCHASE AGREEMENT (RPA-CA PAGE
          8)