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151 DISCLOSURES
<br /> 152 10, DISCLOSURES:
<br /> I53 (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 /> 1 ,57 (b) PERMITS DISCLOSURE: Except as may have been disclosed by Seller to Buyer in a written disclosure,
<br /> Ise 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 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 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, Buyer may
<br /> 166 terminate this Contract by delivering written notice to Seller within 20 days atter 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 is
<br /> 171 mandatory.
<br /> 172 (g ) HOMEOWNERS ' ASSOCIATION/COMMUNITY DISCLOSURE: BUYER SHOULD NOT EXECUTE THIS
<br /> IIs CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS '
<br /> 174 ASSOCIAMONICOMMUNITY 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 1N 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 /> 160 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 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 Q) 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 governmental
<br /> 187 entity or agency as to a currently uncorrected building , environmental or safety code violation ; and (2) 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, )awn, shrubbery, and pool, in the condition existing as of
<br /> 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, 75) days from
<br /> I96 Effecdve 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 determ/nes, 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 recelpts for all wont done on the
<br /> 204 Property (the preceding provision shall survive tsnninadon 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, environmentai, 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.
<br /> Buyer's initials Page 4 of 10 Seller's Initial
<br /> FloridaRealtors/Florida r ASIS-1 Rev. 6/10 ® 2010 Florida Realtors® and The Florida Bar. All rights reserved. -
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