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<br /> THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS• AND THE FLORIDA BAR
<br /> Contract • And Purchase
<br /> IL
<br /> 1 * PARTIES: Indian River County, a Political Subdivision Of the State Of Florida ("Seller"),
<br /> 2* and Bidders full legal name ("Buyer"),
<br /> 3 hereby agree that Seller shall sell and Buyer shag 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 riders and addenda ("ContractI:
<br /> 5 I. DESCRIPTION:
<br /> 6* (a) Legal description of the Real Property located in Indian River County, Florida:
<br /> 7* See E=xhibit A attached
<br /> 8*
<br /> 9* (b) Street address, city, zip, of the Property : 688016th Street Vero Beach FL 32960
<br /> 10 (c) Personal Property includes existing range(s), refrigerator(s), dishwasher(s) , ceiling fan(s), tight fixture(s), and window treatment(s)
<br /> unless
<br /> 11 specifically excluded below.
<br /> 12* Other items included are :
<br /> 13*
<br /> 14* items of Personal Property (and leased items, if any) excluded are : none
<br /> 15*
<br /> 16* II . PURCHASE PRICE (U .S . currency) : 7ev , 00
<br /> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br /> . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br /> 17 PAYMENT:
<br /> 18* (a) Deposit held in escrow by Indian River County (Escrow Agent) in the amount of (checks subject to clearance) $ 1 . 000 . 00
<br /> 19* (b) Additional escrow deposit to be made to Escrow Agent within days after Effective Date
<br /> 20* (see Paragraph 111) in the amount of. . 0 0 6 a a a 0 0 0 a a a 6 R a 0 4 0 a 1 0 a a 9 0 a 0 1 0
<br /> 0 0 a a 0 0 4 a 4 9 6 0 a 0 & a a 0 0 9 9 A a 0 0 a a a a a 4 0 a a a a a a 0 9 a $
<br /> 21 * (c) Financing (see Paragraph Iv) in the amount of . . . . . . . . . . . . . . . . . . . . . . . . . .
<br /> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
<br /> 22* (d) Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br /> . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br /> . . . . . . . . . . . . a $
<br /> 23 (e) Balance to dose by cash, wire transfer or LOCALLY DRAWN cashier's or official bank check(s), subject
<br /> 24* to adjustments orprorations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br />. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
<br /> . $ pV * t1 t)
<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 writing between the
<br />parties on or
<br /> 27* before , 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
<br /> 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
<br /> determined above for
<br /> 32 acceptance of this offer or, if applicable , the final counteroffer.
<br /> 33 IV. FINANCING:
<br /> 34* ® (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 Cif blank, then 30 days)
<br /> after
<br /> 36* Effective Date ("Loan Approval Date") for (CHECK ONLY ONE): Q a fixed; 0 an adjustable; or ❑ a fixed or adjustable rate loan,
<br /> in the prin-
<br /> 37* opal amount of $ ago, at an initial interest rate not to exceed % , discount and origination fees
<br /> not to exceed
<br /> 38* % of principal amount, and for a term of years. Buyer will make application within days ('d 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
<br /> 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
<br /> to
<br /> _41 _ __._ - the_sale.of other property shall -not be deemed Loan Approval for purposes-of this subparagraph.. Buyer shallpay al loaQgxpenses._ 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 tingency, then either party may cancel this Contract by delivering written notice ("Cancellation Notice") to the other, not later than
<br /> seven (7)
<br /> 44 days prior to Closing . Seller's Cancellation Notice must state that Buyer has three (3) days to deliver to Seller written
<br /> notice waiving this
<br /> 45 financing contingency. If Buyer has used due diligence and has not obtained Loan Approval before cancellation as provided above,
<br /> Buyer
<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* ❑ (c) Assumption of existing mortgage (see rider for terms); or
<br /> 49* ❑ (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 owners policy of title insurance (see Standard A for terms)
<br /> shall
<br /> 52 be obtained by :
<br /> 53* (CHECK ONLY ONE): ❑ (1 ) Seller, at Seller's expense and delivered to Buyer or Buyer's attorney; or
<br /> 54* ® (2) Buyer at Buyer's expense.
<br /> 55* (CHECK HERE): ❑ If an abstract of title is to be furnished instead of title insurance, and attach rider for terms.
<br /> 56* VI. CLOSING DATE: This transaction shall be closed and the closing documents delivered on ("Closing"), unless
<br /> 57 modified by other provisions of this Contract. If Buyer is unable to obtain Hazard, Wind, Flood, or Homeowners' insurance at a reasonable
<br /> 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 shag convey marketable title subject to: comprehensive land use plans,
<br />zoning,
<br /> 60 restrictions, prohibitions and other requirements imposed by governmental authority; restrictions and matters appearing on the plat or otherwise
<br />
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