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151 DISCLOSURES
<br /> 152 10 . DISCLOSURES .
<br /> 153 (a) RADON GAS : Radon is a naturally occurring radioactive gas that, when it is accumulated in a building
<br /> in
<br /> 154 sufficient quantities , may present health risks to persons who are exposed to it over time . Levels of radon that
<br /> 155 exceed federal and state guidelines have been found in buildings in Florida . Additional information regarding
<br /> 156 radon and radon testing may be obtained from your county health department.
<br /> 157 ( b) PERMITS DISCLOSURE : Except as may have been disclosed by Seller to Buyer in a written disclosure ,
<br /> 158 Seller does not know of any improvements made to the Property which were made without required
<br /> 159 permits or made pursuant to permits which have not been properly closed .
<br /> 160 (c) MOLD : Mold is naturally occurring and may cause health risks or damage to property . If Buyer is concerned
<br /> or
<br /> 161 desires additional information regarding mold , Buyer should contact an appropriate professional .
<br /> 162 (d ) FLOOD ZONE , ELEVATION CERTIFICATION : Buyer is advised to verify by elevation certificate which flood
<br /> 163 zone the Property is in , whether flood insurance is required by Buyer' s lender, and what restrictions apply
<br /> to
<br /> 164 improving the Property and rebuilding in the event of casualty . If Property is in a " Special Flood Hazard Area"
<br /> 165 or " Coastal High Hazard Area " and finished floor elevation is below minimum flood elevation ,
<br /> Buyer may
<br /> 166 terminate this Contract by delivering written notice to Seller within 20 days after Effective Date , failing which
<br /> 167 Buyer accepts existing elevation of buildings and flood zone designation of Property .
<br /> 168 (e) ENERGY BROCHURE : Buyer acknowledges receipt of Florida Energy-Efficiency Rating Information Brochure
<br /> 169 required by Section 553 . 996 , F . S .
<br /> 170 (f) LEAD -BASED PAINT : If Property includes pre- 1978 residential housing , a lead - based paint rider
<br /> is
<br /> 171 mandatory .
<br /> 172 (g ) HOMEOWNERS ' ASSOCIATION /COMMUNITY DISCLOSURE . BUYER SHOULD NOT EXECUTE THIS
<br /> 173 CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS '
<br /> 174 ASSOCIATION/COMMUNITY DISCLOSURE , IF APPLICABLE .
<br /> 175 ( h ) PROPERTY TAX DISCLOSURE SUMMARY : BUYER SHOULD NOT RELY ON THE SELLER ' S CURRENT
<br /> 176 PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED
<br /> 177 TO PAY IN THE YEAR SUBSEQUENT TO PURCHASE . A CHANGE OF OWNERSHIP OR PROPERTY
<br /> 178 IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN HIGHER
<br /> 179 PROPERTY TAXES , IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION , CONTACT THE
<br /> 180 COUNTY PROPERTY APPRAISER' S OFFICE FOR INFORMATION .
<br /> 181 ( i ) TAX WITHHOLDING : If Seller is a "foreign person" as defined by the Foreign Investment in Real Property
<br /> Tax
<br /> 182 Act (" FIRPTA" ) , Buyer and Seller will comply with FIRPTA, which may require Seller to provide additional cash
<br /> 183 at Closing .
<br /> 184 (j ) SELLER DISCLOSURE : Seller knows of no facts materially affecting the value of the Real Property which are
<br /> 185 not readily observable and which have not been disclosed to Buyer. Except as stated in the preceding sentence
<br /> 186 or otherwise disclosed in writing : ( 1 ) Seller has received no written or verbal notice from any
<br /> governmental
<br /> 187 entity or agency as to a currently uncorrected building , environmental or safety code violation ; and (2 )
<br /> Seller
<br /> 188 extends and intends no warranty and makes no representation of any type , either express or implied , as to the
<br /> 189 physical condition or history of the Property .
<br /> 190 PROPERTY MAINTENANCE , CONDITION , INSPECTIONS AND EXAMINATIONS
<br /> 191 11 . PROPERTY MAINTENANCE : Except for ordinary wear and tear and Casualty Loss , Seller shall maintain the
<br /> 192 Property , including , but not limited to , lawn , shrubbery , and pool , in the condition existing
<br /> as of Effective Date
<br /> 193 ("AS IS Maintenance Requirement" ) .
<br /> 194 12 . PROPERTY INSPECTION ; RIGHT TO CANCEL :
<br /> 195' (a) PROPERTY INSPECTIONS AND RIGHT TO CANCEL : Buyer shall have NA (if blank, 15) days from
<br /> 196 Effective Date ("Inspection Period") within which to have such inspections of the Property performed
<br /> 197 as Buyer shall desire during the Inspection Period. If Buyer determines, in Buyer's sole discretion, that
<br /> 198 the Property is not acceptable to Buyer, Buyer may terminate this Contract by delivering written notice
<br /> 199 of such election to Seller prior to expiration of Inspection Period. If Buyer timely terminates this
<br /> 200 Contract, the Deposit paid shall be immediately returned to Buyer, thereupon, Buyer and Seller shall
<br /> 201 be released of all further obligations under this Contract, however, Buyer shall be responsible for
<br /> 202 prompt payment for such inspections, for repair of damage to, and restoration of, the Property
<br /> 203 resulting from such inspections, and shall provide Seller with paid receipts for all work done on the
<br /> 204 Property (the preceding provision shall survive termination of this Contract). Unless Buyer exercises
<br /> 205 the right to terminate granted herein, Buyer accepts the physical condition of the Property and any
<br /> 206 violation of governmental, building, environmental, and safety codes, restrictions, or requirements, but
<br /> 207 subject to Seller's continuing AS IS Maintenance Requirement, and Buyer shall be responsible for any
<br /> 208 and all repairs and improvements required by Buyer's lender.
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<br /> FloridaRealtors/Florida ar-ASIS-1 Rev. 6/10 © 2010 Florida Realtors® and The Florida Bar. All rights reserved . 6
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