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FF <br /> Indian River County <br /> Neigbborhood° Stabilization Program <br /> Property Sales Addendum <br /> This Neighborhood . Stabilization . "Program Addendum (Addendum) is to be . made part of the <br /> Purchase Agreement`" {Agreement) dated Novembers 201 . 'betw,een ' Indian . Rive County <br /> IF <br /> (Seller) and donna Jo Walker (Buyer), for the -,property located at.. 9056 104th Avenue Vero <br /> Beach. Florida: ` 32967 (the Property). 1 IFIF <br /> The property ;is being sold as part of Indian River County ' s Neighborhood Stabilization Program <br /> (NSP). 'Indian " River County (the County), utilizing NSP funding, is .providing second' mortgage <br /> assistance financing , to assist Buyer with the purchase of this property. The second mortgage <br /> IF <br /> assistance to be provided to Buyer consists of the following two "items: <br /> IF I <br /> A. , " Closing Cost Assistance: <br /> F. <br /> Indian River ,County will provide Buyer with closing cost assistance in an amount not toexceed ten <br /> percent ( 10%) of the sales price of the property. This closing cost" assistance °may be .111 . used to-pay <br /> Buyer's recording fees, intangible , taxes, stamps on the note, mortgage title insurance, wood <br /> destroying organism ' inspections, ` ap`praisal fees, property survey fees; credit reports, lender' s <br /> document :preparation fees, underwriting fees, closing attorney' s : settlement fees, Buyer' s courier <br /> fees, prepaid property taxes, , prepaid homeowner' s insurance, prepaid flood" insurance, and. any <br /> other fees includedx`on the HUD ` closing statement for -I property agreeable to both `Buyer and <br /> Seller: <br /> BeIF iF <br /> Gap Financing Assistance: <br /> n IF <br /> Indian River County will. provide an amount equal_ to the difference between the sales. price of the . <br /> property, less >buyer , contribution, and the amount- a mortgage lender, approved by County, selected" <br /> by Buyer, has committed to loan to Buyer for the purchase of the property through a thirty (30) <br /> year fixedL rate conventionit.first mortgage utilizing the property being acquired as collateral . The ` <br /> amount of the Gap •Financing Assistance may not exceed an . amount equal" toq thirty-five percent <br /> (35 %):of the sales price of the property. <br /> Seller's Initial . f" «'; . .` B'uyer's Initial � � <br />