BUILDER DEPOSIT. Buyer shall remit $ as builder’s deposit with (seller): ▇▇▇▇▇▇ Custom Builders at ▇▇▇▇ ▇▇▇▇▇▇▇▇▇ ▇▇., ▇▇ ▇▇▇▇, ▇▇ upon execution by both parties. Additional builder deposit of $ shall be remitted by the Buyer with the builder on or before , 20 . NO BUILDER DEPOSIT IS REFUNDABLE UNLESS OTHERWISE STATED HEREIN. If the buyer fails to deposit the builder’s deposit as required by this contract, the contract is void.
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Sources: New Home Sale Contract, New Home Sale Contract, New Home Sale Contract