2011-229 - Laserfiche WebLink

Home Browse Search

C, .ifii: t Y condition precedent to the Seller's acceptance of the Addendum and failure of the Buyer to provide such proof prior to the Seller ' s execution of the Addendum may nullify the Seller' s execution of the Addendum and render the Contract null and void . The Buyer shall complete and submit to a mortgage lender all application for a mortgage loan containing the terms set forth in the Terms and Conditions section of this Addendum within three (3 ) calendar days of mutual acceptance of this Addendum . Buyer shall employ diligent efforts to obtain a mortgage loan commitment within fourteen ( 14) calendar days of mutual acceptance of this Addendum . If, despite the Buyer' s diligent efforts, the Buyer cannot obtain a mortgage loan commitment within such fourteen ( 14) calendar days, then either the Buyer or the Seller may terminate the Addendum by giving written notice to the other party , and this Addendum may be automatically terminated at the sole option of the Seller. In the event of the termination by Buyer, the Buyer ' s notice to Seller must include a copy of the loan application, proof of the application date, and a copy of the denial letter from the prospective lender. Earnest money is considered non-refundable if buyer chooses not to terminate within the (14) calendar days . In the event of a proper termination of the Addendum by Buyer under this paragraph , the earnest money deposit shall be returned to the Buyer and the parties shall have no further obligation to each other under the Addendum . The Buyer agrees to cooperate and comply with all requests for documents and information from the Buyer's chosen lender during the loan application process . Failure of the Buyer to comply with such requests from their chosen lender that results 'ill the denial of the mortgage loan, or failure of the Buyer to provide proper notice to Seller in the event of termination by Buyer, shall constitute a breach of the Addendum . Seller shall be entitled to retain all earnest money deposited by Buyer with no additional signatures required . ii . Seller reserves the right to approve or disapprove of any requirements of an FHANA appraisal . If Lender requires any Impound accounts, they shall be established per terms and conditions of loan and/or Lender and shall be paid by Buyer. b . Fv/ Cash Offer : (If checked) : The Addendum is not contingent upon financing . Buyer shall provide Seller proof of liquid finds on deposit in the United States sufficient to close this transaction , Such proof shall be provided prior to Seller ' s acceptance of this Addendum and shall be subject to Seller' s approval. c. The Buyer is aware that the price and terms of this transaction were negotiated based on the type of financing selected by the Buyer. Any change to the loan type, terms or a cliange in the Buyer ' s lender after negotiations have been completed shall constitute a breach of the Addendum and Seller shall be entitled to retain all earnest money deposited by Buyer with no additional signatures required by buyer. Subject property shall remain in the MLS until closed and finded . d . TIME IS OF THE ESSENCE ; CLOSING DATE ; PER DIEM : This transaction shall close on or before 11 .29.2011 Seller must approve any extension to the close of escrow date, requested by Buyer, in writing. The Seller may require Buyer to release a non-refinidable 3 % earnest money deposit directly to Seller for said extension in certified finds prior to signing of any amendments. In addition, Buyer agrees to pay Seller a non-refiurdable, per-diem fee in the amount of $ 100 /day in certified funds prior to the Signing of extension amendment, there is no automatic extension with this Addendum. e . Buyer shall deliver all funds due Seller in the form of certified check or wire transfer. Failure to deliver funds according to either of the previously mentioned methods shall be considered breach of the Addendum . f. (Firm name) : see c Whose address is : Telephone No . : Closing Agent (Individual ' s Name) : g. Additional Terms Assigned order number Is 110308254-FL•CHI Closer: OKelley & sorohan , LLC (FL) 1800 Pembrook Drive, Suite 300 Orlando, FL 32810 Contact: Laura Andrew Phone: 407475-5353 FaxA07-233.1339 Email Address: tpsilodda@oslawlic.com Buyer and Seller acknowledge receipt of a copy of tills page, which constitutes Page 3of 11 page L� Selle I Initials Buyer 's Initials EQUATOR PROPRIETARY, CONFIDENTIAL AND TRADE SECRET INFORKIATIDN. This document contains proprialary and oonfidentfal Infonna(Ion (hat is logaliy pavitaged.Any disclosure, copying, ,, I._J_ J1.1.:h, •1:__ ... . ..... ..1 ..... . ..1IM _ in...._..,I_.. ...._I..t_ _ J4 _...1.. ,A... In ..�I ...... .-__a . _....- .,I..JL. . r. ..� ._In. t_ .. .�,'.... I_ OTOII.TIV OO,lU ,O1TCf1 TUt� J..... ......_, _ JJ. _...- . ....