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e
<br /> ON
<br /> ao il: EXTENSION OF CLOSING DATE:
<br /> e1 (a) if C- losing -furds from Buyers lender(s) are not available at time sof Closing due to Truth In Landing Ad, (fiLA) .
<br /> 5s notice requiremertts, Closing shall be extended for such period necessary to satisfy TILA notice'- requirements,
<br /> 53 not exceed T da
<br /> tys .
<br /> 54 " (b) If , e&erna weather or "other condition or event constituting ° Force Majeure° (see "STANDARD G) causes:
<br /> ss (i) " disruption of utilities or other services essential-, for Closing, or (n) Hazard, Wind, Flood q or. Homeowners'
<br /> as insurance, to become unavailable prior to Closing, Closing WIN ,be extendetl la reasonable time u010 3 days
<br /> s, after restoration of utilities and-other services essential to Closing, and availability of applicable , Hazard, Wind,
<br /> ee Flood or Homeowners' �insurance. If restoration of such,utilities or services and:aysilability of insurance has not:.
<br /> a OCaumed: within 14 (if left blank, 14) days after Closing Date, then either party may tertninabs-
<br /> this
<br /> N Contract. by delivering written notice to the other party, and Buyer shall be": refunded the Deposit, thereby ,
<br /> ec releasing;Buyer and Seller from" all further'obligations unr"this Contract. IN
<br /> 62 6. OCCUPANCY AND POSSESSION : Unless otherwise stated herein, Seller shall at Closing, haves removed all
<br /> e3 person%al items and trash. from the. Property and shall deliver occupancy and possession, along with: all keys,
<br /> I IN
<br /> 04 garage door openers, access devices and codes, as applicable, to Buyer. If Property ie"intended to be rented or` ;
<br /> as occupied beyond Closing, the fact and terms thereof and the tenants) or occupants shall be disclosed pursuant
<br /> is to STANDARD D. If occupancy Is to be delivered before Closing, Buyer assumes all risks of loss to Property from
<br /> 67 date of occupancy, shall be responsible and liable for maintenance from that date, and shallbe deemed to: have
<br /> ea accepted Property in its existing:condition as of time of taking `occupancy.
<br /> or 7.� ASSI3NABILITY: (CHECK -: ONE) Buyer 0 may assign and thereby . be released -from any: further liability
<br /> 7a under this Contrail, ❑ may assign but not be released from liability under this "Contrail; or [I may not assign
<br /> :
<br /> » this Contract.
<br /> I IF
<br /> 72 FINANCING
<br /> 73. F& FINANCINGst. I
<br /> 74• ❑" (s):Buyer Will pay cash or may obtain a loan for they purchase of the Property. . There
<br /> Is no financing:;
<br /> 75 contingency to Buyers obligation to dose.
<br /> �e• ` "IM (b)-Thie Contract is contingent upon� Buyerobtaining awritten1oan commitmentfor:a.® conventional IMF FHA
<br /> 7r ❑ VA loan on the following terms within blank, then 30) days after Effective Dide. {`Loan
<br /> 79� Commitment ,, Date7 for. (CHECK ONE): Mr fixed, adjustable, [] fixed or adjustable rate OF :In
<br /> ae• the pFincipai `amount of $ `69.2ti0.00 : or, 74oM % of the Purchase Price. at an initial interest rate::
<br /> eo• not to exceed % (if dank, then prevailing. rate bated - upon Buyer's cxeditwbolness), and for a
<br /> ar ..term of 130 years ('Financing').
<br /> ar Buyerwili make mortgage loan appllcetlon for the Financing within =# (iieblenk; then 5y days after :; "
<br /> a Effed:iye Date;'and "use good 'feithFend diligenteffort 6 obtalme written loan ,c ommitment" forthe Financing_.= NO
<br /> 84 ('Loan `Commitment ) and close this Contract . Buyer. ahad keep :Seller "and Broker fully informed about `
<br /> as , the status:of mortgage loan application and Loan Commitment arxi:authorizes Buyers morf8age:broker and
<br /> ee 8uyers ,lender to disclose such, and progress to Seller. :and "Broker.
<br /> ar If Buyer does not . receive Loan Commitment, then Buyer may terminated Contra ct "by. dolivering written '
<br /> ea notice to Seller, and the Deposit shall be refunded to Buyer, thereby releasing Buyer end' Sellerfrom aA`
<br /> w further obligations under this`Contrad
<br /> 90 If Buyer does not deliver written notice to Seller of. receipt of:Loan Commitment or Buyer'wWritten waiver of
<br /> er this .1nancing contingency, , then after . Loan Commitment Date Seller may terminate this Contract by
<br /> az delivering written notice to " Buyerand the " Deposit shall.be refunded tb 'Buyer, thereby" releasing Buyer and
<br /> e6 Seller:from all further obligationsunder'this Contract.
<br /> 11
<br /> ea 1 1 q . If Buyer delivers , written,., notice of rsoeipt of Loan Commitrnerd to Seiler and this Contract
<br /> does not ,
<br /> re thereafter dose, the Deposit shall be paid to Seller, unless failure-to close_ s, due to.r (1 ) Seller's default~
<br /> ;
<br /> ee (2) � Propsrty related. condidonsof the eLoan C.ommftment. have not been ,met;(excaptx;whemsuch :conditions
<br /> se : insufficient to meetterms of the Loan Commltmtmt,,� uydsIer's lender is
<br /> er are waived by other provisions of�this Contrad) a be returned to B er�ere tele y
<br /> miler n which events the D sit shell II axing B dal failure of
<br /> of the :P obtain�t b B
<br /> or (4) "the loan is not`funded" due . to fin
<br /> u
<br /> ee . Bu era ie � O epo _ uy , " by yet and 3aller
<br /> 100 from all,further obligations under this Contract.
<br /> nor (c) Assumpdon of existing 'mortgage (see rider forterme).
<br /> nor � '(d)` PurVchase money note and mortgage to Seller (see riders; addenda;:or special clauses for terms),
<br /> Buyer's InWee Page 2 of 10F .
<br /> Sellers Initials .� .
<br /> FlaldeReallorslFlorldaaar-A318-1 Rev: 81 0 ® 2010 Florida Reaixma® end TAe Protide Bar. ,AU rrplgs reaenis0. ;
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