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GMAC ResCap 'moo it - ACR 3 . C
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<br /> Asset No : 7428963722 Date : llm0441
<br /> SE �- r
<br /> GMAC ResCap Addendum to Standard Purchase Contract ! j
<br /> This is an Addendum ("Addendum ") to the Standard State Purchase Contract (" Contract"), on the "Property " known as
<br /> 6885 66TH AVENUE VERO BEACH INDIAN RIVER FL 32967 , in which ,
<br /> INDIAN RIVER COUNTY
<br /> is referred to as "Buyer"and avnerofrecord
<br /> is referred to
<br /> as "Seller", and is hereby made a part of the Contract.
<br /> Effect of addendum : In the event of any conflict between tills Addendum, escrow instructions, and/or other documents
<br /> attached to this Addendum such as the Standard State Purchase Contract, the terms of this Addendum shall prevail except as
<br /> otherwise provided by law.
<br /> I . Sellers Authority : No contract for the sale of the Property shall be effective unless executed in writing by both
<br /> Buyer and Seller. This Addendum, including the disclosure of inforination , or others disclosure forms or notices
<br /> required by law or local custom , constitutes the entire contract between Buyer and Seller . This Addendum
<br /> supersedes all previous communications, understandings, representations, warranties, covenants and contracts,
<br /> whether written or oral, and there are no oral or other written contracts between Buyer and Seller. No oral promises,
<br /> representations (express or implied) warranties or contracts made by Seller or broker or any person acting on behalf
<br /> of Seller shall be deemed valid or binding upon Seller unless expressly included in this Addendum . All negotiations
<br /> are merged into this Addendum. Any other written or verbal statements made by Seller, Seller ' s representatives or
<br /> any real estate licensee, shall not obligate seller. No provision, term or clause of the Addendum shall be revised,
<br /> modified, amended or waived except by an instrument in writing signed by Buyer and Seller.
<br /> Buyer is advised that Seller may be responding to multiple offers at once. Seller reserves the right to accept or reject
<br /> each offer. Only a complete Standard Purchase Contract and Addendum, frilly signed by the Buyer and Seller, will
<br /> convey Seller 's acceptance.
<br /> Buyer acknowledges that Seller acquired title by foreclosure, deed in lieu of foreclosure, or the purchase of an owned
<br /> real estate asset ("REO") of the former mortgagee/lender. In the event any of the below conditions are met, at Seller ' s
<br /> option and sole discretion, Seller may notify Buyer that the Addendum is canceled and the earnest money deposit
<br /> shall be returned to Buyer as Buyer' s sole remedy . Seller shall have no filrther obligation to Buyer in relation to the
<br /> Addendum, including but not limited to reimbursement for any expenses.
<br /> a . If seller determines that it is unable to convey insurable title to the Property through a title insurance
<br /> company selected by Seller at regular rates;
<br /> b . If any third party, whether tenant, homeowner' s association, mortgage insurance company or otherwise,
<br /> exercises rights under a right of first refusal, option or similar right to purchase the Property ;
<br /> c . If Seller has transferred and conveyed the Property to a third party ; or;
<br /> d . If the Purchase Price is insufficient to pay the sum of the closing costs, taxes, commissions, and any I lens on
<br /> or obligations secured by the Property that Seller has agreed to pay hereunder;
<br /> e . If a court of law overturns a foreclosure, trustees sale, sheriff' s sale or the like, or deed in lieu transaction,
<br /> that results in Seller or its predecessor, successor or assign, taking title to the Property;
<br /> £ If the Property is affected by an environmental hazard, as determined by Seller; or
<br /> g. If Seller has received official notice that the Property is in violation of building codes or similar laws or
<br /> regulations .
<br /> No Addendum for the sale of the Property shall be effective unless executed in writing by both Buyer and Seller.
<br /> 2 . Purchase Price: Total purchase price of $ 139100
<br /> shall be paid to Seller in certified funds at the closing.
<br /> Buyer and Seller ackitowledge receipt of a copy of this page, which constitutes Page Iof 11 pages .
<br /> X ( ) ( ) x ( Pe ( >
<br /> Seller's InitialsBuyer 's Initials
<br /> RY.
<br /> EQUATOR PROPRIETACONFIDENTIAL AND TRADE SECRET INFORMATION. This document contains proprietary and confidential information that is legaly privileged.Any disclosure,
<br /> copying,
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