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2013-157
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Last modified
12/7/2015 2:20:45 PM
Creation date
10/1/2015 5:39:42 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
08/20/2013
Control Number
2013-157
Agenda Item Number
8.NN.
Entity Name
Bamaric of Vero Beach
Subject
Right of Way Acquisition
Area
5020 26th Street Indian River Farms
Supplemental fields
SmeadsoftID
12554
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los CLOSING COSTS, FEES AND CHARGES <br /> 104 9. CLOSING COSTS ; TITLE INSURANCE; SURVEY; HOME WARRANTY; SPECIAL ASSESSMENTS: <br /> 105- (a) COSTS TO BE PAID BY SELLER: <br /> • Documentary stamp taxes and surtax on deed, if any • HOA/Condominium Association estoppel fees <br /> • Owner's Policy and Charges (if Paragraph 9(c)(i) is checked) • Recording and other fees needed to cure title <br /> • Title search charges (if Paragraph 9(c)(iii) is checked) • Seller's attorneys' fees <br /> • Other: Buyer to pay all dosing costs associated with transfer of title. <br /> 106 If, prior to Closing , Seller is unable to meet the AS IS Maintenance Requirement as required by Paragraph 11 <br /> 107 a sum equal to 125% of estimated cost to meet the AS IS Maintenance Requirement shall be escrowed at <br /> 106 Closing. If actual costs to meet the AS IS Maintenance Requirement exceed escrowed amount, Seller shall <br /> 109 pay such actual costs. Any unused portion of escrowed amount shall be returned to Seller. <br /> 110' ( b) COSTS TO BE PAID BY BUYER: <br /> • Taxes and recording fees on notes and mortgages • Loan expenses <br /> • Recording fees for deed and financing statements • Appraisal fees <br /> • Owner's Policy and Charges (if Paragraph 9(c)(ii) is checked) • Buyer's Inspections <br /> • Survey (and elevation certification , if required) • Buyer's attorneys' fees <br /> • Lender's title policy and endorsements • All property related insurance <br /> • HOA/Condominium Association application/transfer fees <br /> • Other. Buyer to pay all costs associted with transfer of title. <br /> 111 ' (c) TITLE EVIDENCE AND INSURANCE: At least (if blank, then 5) days prior to Closing Date, a title <br /> 112 insurance commitment issued by a Florida licensed title insurer, with legible copies of instruments listed as <br /> 113 exceptions attached thereto ("Trtle Commltment") and, after Closing, an owner's policy of title insurance (see <br /> 114 STANDARD A for terms) shall be obtained and delivered to Buyer. If Seller has an owner's policy of <br /> title <br /> 115 insurance covering the Real Property, a copy shall be fumished to Buyer and Closing Agent within 5 days after <br /> 116 Effective Date. The owner's title policy premium and charges for owner's policy endorsements, title search , <br /> 117 and closing services ( collectively , " Owner' s Policy and Charges") shall be paid , as set forth below <br /> 118 (CHECK ONE): <br /> 119' <br /> 120 fqkv ch <br /> ray andeFsemges <br /> 121 <br /> 122- K (ii) Buyer will designate Closing Agent and pay for Owner' s Policy and Charges and charges for dosing <br /> 123 services related to Buyer's lender's policy, endorsements, and; loan closing ; or <br /> 124' <br /> 125 of title insurance or other evidence of title and pay fees for. (A) a continuation or updat a evidence, <br /> 126 which is acceptable to Buyer's title insurance underwriter for rei erage ; (B) tax search; and <br /> 127 (C) municipal lien search. Buyer shall obtain and - osing continuation and premium for Buyer's <br /> 128 owner's policy, and if applicable er's policy. Seller shall not be obligated to pay more <br /> than <br /> 120' _ <br /> 130 $ NA . 00) for abstract continuation or title search ordered or performed by Closing <br /> 131 n .. ,�) SURVEY: At least 5 days prior to Closing , Buyer may, at Buyer's expense, have the Real Property surveyed <br /> 132 (/y_ Y arid certified by a registered Florida surveyor ("Survey') . If Seller has ' a survey covering the Real Property, <br /> a <br /> 133 copy shall be furnished to Buyer and Closing Agent within 5 days after Effective Date. <br /> 134• (e by <br /> lsss not icat>)e at a cost not . A home <br /> 136 rranty plan provides for re air or o a ome's mechanical systems and major built-in <br /> aaaaaaaaa <br /> 137am tall in-to mormal jusar anri tear rhypag tha agreemenCs 412.0:2.Rty pagoda <br /> 138 (f) <br /> 139 �. . �y (°public " does not include a Condominium or Homeowner's Association) that are certified , led and <br /> 140 ratified beforeso and (11) the amount of the public body's most recent estimate ment for an <br /> 141 ii66rr "" improvement which is su II complete as of Effective Date, but that h resulted in a lien <br /> being <br /> 142 imposed on the Property before C o ' Buyer will pay all other ass e s. If special assessments may <br /> 143 be paid In installments (CHECK ONE) : <br /> 144' ❑ (a) Seller shall pay installments due prior to and Buyer shall pay installments due after <br /> 145 Closing . Installments prepaid or the year shall be prorated. <br /> 146• ❑ ( b) Seller shall pay the ass s) in full prior to or at the 6 losing . <br /> 147 IF NEITHER BOX IS CHE HEN OPTION (a) SHALL BE DEEMED SEL <br /> 148 This Paragraph 9 not apply to a special benefit tax lien imposed by a community ment district <br /> 149 (CDD) pu to Chapter 190 F.S. which lien shall be treated as an ad valorem tax and prorated p t to <br /> 150 ARD K. <br /> Buyers Initials Page 3 of 10 Sellers Inirwivoorm <br /> FloridaRealtors/Flori ar-ASIS-1 Rev. 6110 ® 2010 Florida Realtors® and The Florida Bar_ All rights reserved, y - <br /> sn 02077s aoota7 eaoea7s toI�Il. SI <br />
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