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THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS AND THE FLORIDA BAR
<br />1* PARTIES: Indian River Coun ("Seller"),
<br />2* and("Buyer"),
<br />3 hereby agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal Property (collectively "Property")
<br />4 pursuant to the terms and conditions of this Contract for Sale and Purchase and any nders and addenda ("Contract"):
<br />5 I. DESCRIPTION•
<br />6* (a) Legal description of the Real Property located in Indian River County, Flonda:
<br />r Lot 1, Davilla Park Subdivision as recorded in Plat Book 3, page 69, less that described
<br />8* portion for road right-of-way in OR Book 2729 page 2144, records of Indian River Co.
<br />(b) Street address, city, zip, of the Property: 2605 47th Avenue
<br />(c) Personal Property includes existing range(s), refrige ator(s), dishwasher(s), ceiling fan(s), light fixture(s), and window treatment(s) unless
<br />specifically excluded below
<br />Other items included are:
<br />9*
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<br />12*
<br />13*
<br />14*
<br />15*
<br />ty,/lG
<br />ap
<br />olitical subdivision of the State of Florida
<br />Items of Personal Property (and leased items, if any) excluded are:
<br />16* 11. PURCHASE PRICE (U.S. currency):
<br />17 PAYMENT:
<br />18* (a) Deposit held in escrow by Indian River County
<br />19* (b) Additional escrow deposit to be made to Escrow Agent within
<br />20* (see Paragraph 111) in the amount of
<br />21* (c) Financing (see Paragraph IA in the amount of
<br />22' (d) Other
<br />23 (e) Balance to close by cash wire transfer or LOCALLY DRAWN cashier's or official bank check(s), subject
<br />24* to adjustments or prorations
<br />25 III. TIME FOR ACCEPTANCE OF OFFER AND COUNTEROFFERS; EFFECTIVE DATE.
<br />26 (a) If this offer is not executed by and delivered to all parties OR FACT OF EXECUTION communicated in wnting between the parties on or
<br />27* before 7/1/2014 the deposit(s) will, at Buyer's option, be returned and this offer withdrawn. UNLESS OTH-
<br />28 ERWISE STATED, THE TIME FOR ACCEPTANCE OF ANY COUNTEROFFERS SHALL BE 2 DAYS FROM THE DATE THE COUN-
<br />29 TEROFFER IS DELIVERED
<br />30 (b) The date of Contract ('Effective Date") will be the date when the last one of the Buyer and Seller has signed or initialed this offer or the
<br />31 final counteroffer. If such date is not otherwise set forth in this Contract, then the "Effective Date' shall be the date determined above for
<br />32 acceptance of this offer or if applicable, the final counteroffer.
<br />33 IV. FINANCING:
<br />34* 0 (a) This is a cash transaction with no contingencies for financing;
<br />35* 0 (b) This Contract is contingent on Buyer obtaining approval of a loan ("Loan Approval') within days (if blank, then 30 days) after
<br />36* Effective Date ("Loan Approval Date") for (CHECK ONLY ONE): m a fixed; 0 an adjustable or 3 a fixed or adjustable rate loan, in the prin
<br />37* cipal amount of $ , at an initial interest rate not to exceed %, discount and origination fees not to exceed
<br />38* % of principal amount, and for a term of years Buyer will make application within days (if blank, then 5 days) after
<br />39 Effective Date. Buyer shall use reasonable diligence to: obtain Loan Approval and notify Seller in writing of Loan Approval by Loan
<br />40 Approval Date satisfy terms and conditions of the Loan Approval, and close the loan. Loan Approval which requires a condition related to
<br />41 the sale of other property shall not be deemed Loan Approval for purposes of this subparagraph Buyer shall pay all loan expenses. If Buyer
<br />42 does not deliver written notice to Seller by Loan Approval Date stating Buyer has either obtained Loan Approval or waived this financing con -
<br />43 tangency, then either party may cancel this Contract by delivering written notice ("Cancellation Notice") to the other, not later than seven (7)
<br />44 days prior to Closing. Seller's Cancellation Notice must state that Buyer has three (3) days to deliver Seller eritten notice s provided abovewaiving
<br />this
<br />45 financing contingency. If Buyer has used due diligence and has not obtained Loan Approval
<br />yer
<br />46 shall be refunded the deposit(s). Unless this financing contingency has been waived, this Contract shall remain subject to the satisfaction,
<br />47 by Closing, of those conditions of Loan Approval related to the Property;
<br />48* 3 (c) Assumption of existing mortgage (see rider for terms); or
<br />49* 3 (d) Purchase money note and mortgage to Seller (see Standards B and K and riders; addenda; or special clauses for terms).
<br />50* V. TITLE EVIDENCE: At least ____ days (if blank, then 5 days) before Closing a title insurance commitment with legible copies of instruments
<br />51 listed as exceptions attached thereto ("Title Commitment") and, after Closing, an owner's policy of title insurance (see Standard A for terms) shall
<br />52 be obtained by:
<br />53* (CHECK ONLY ONE): U (1) Seller, at Seller's expense and delivered to Buyer or Buyer's attorney; or
<br />54* IJ (2) Buyer at Buyer's expense.
<br />55* (CHECK HERE): U If an abstract of title is to be furnished instead of title insurance, and attach rider for
<br />term_
<br />{"Closing") unless
<br />s.
<br />56* VI. CLOSING DATE: This transaction shall be closed and the dosing documents delivered on
<br />57 modified by other provisions of this Contract. If Buyer is unable to obtain Hazard, Wind Flood, or Homeowners insurance at a reasonable rate
<br />58 due to extreme weather conditions, Buyer may delay Closing for up to 5 days after such coverage becomes available,
<br />59 VII. RESTRICTIONS; EASEMENTS; LIMITATIONS: Seller shall
<br />onveyauthetableetiitle subjects to: comers praapensive
<br />lan the platplan , zoning,
<br />60 restrictions, prohibitions and other requirements imposed by governmental
<br />erwise
<br />FAR/BAR-7s Rev. 7/04 0 2004 Florida Association of REALTORS* and The Florida Bar All Rights Reserved Page 1 of 4
<br />(Escrow Agent) in the amount of (checks subject to clearance)
<br />days after Effective Date
<br />$ 56,o6/
<br />1,000.00
<br />
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