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r am= v Witness Witness Witness ,Witness Witness -441 �t!s-�r,L�L� �CiiL, • Witness IV -it Pss BOOK 53 ' PaL'El 7-5 MARI '\D. BRADLfEY, his wife Date: n.�dt S F ANCIS M. BRADLEY Date: 11 43 tl NANCY B. BRADLEY, his W11fe Date: J N W. BRADLEY Date: RJ/O tlE- L. bBR DLEY, his life !1 -� Date.__ d BOARD OF COUNTY COMMISSIONERS OF INDIAN RIV��2//COUNTY By RICHARD N. BIRD, Chairman ''n, At test: iLLL, t) ).. �1 FREDA WRIGHT, Cleyk Date:TLZe� ar/3 STANDARDS FOR REAL ESTATE TRANSACTIONS A. EVIDENCE OF TITLE: (1) A complete abstract of title prepared by a reputable abstract firm purporting to be an :iccurate "nopsis of the instrument affecting, the title to that real propery recorded in public records of that county to the date of this contract, showing in the seller a marketab;c title in am+rdance with till standards adopted from time to time by the Florida liar, or the local Bar Association, subject only to liens, encumbrance, exceptions or qualtticat-riki set forth in this contra, and those which shall be discharged by seller at or before closing, (2) a title guarantee commitment issued by a qualified title insurer agreeing t., S -sue to the buyer, upon recording of the deed to buyer, an owner Guarantee in the amount of the purchase price insuring the title of the buyer to that real property, subject ot:. to liens, encumbrances; exceptions or qualification set forth in this contract and those which shall be discharged by seller at or before Gloving. Buyer shall have 30 ..... days if abstract, or 15 .. days if title guarantee commitment, from the date of receiving the evidence of title to examine same. If title is fotm, to be defective, the buyer shall, within said period notify the seller in writing specifying the defects. If the said defects render the title unmarketable, the seller shai have 120 ... .. days from we receipt of such notice to cure the defects, and shall use due diligence to do so; but if after said time hats expired, said defects are ne: cured, Buyer, upon request, shall have an additional 120 ...... days to cure said defects, and the reasonable costs and fees incurred thereby shall be paid by seller. 1: Buyer dues not ruts said defects within said additional time period, then buyer shall have the option: f 11 accepting the title as it thens, or (2) demanding a refund n! 01 monies paid hereunder which shall forthwith be returned to the buyer, and thereupon the buyer and seller shall be released of all further obligations under this contract B. EXISTING MORTGAGES: The Seller shall obtain and furnish a statement from the mortgagee setting forth the principal balance, method of payment, interest rate, and whether the mortgage is in good standing. If there is a charge for the change of ownership records by the mortgagee, it shall be borne by the Buyer. In the event the mortgagee does not accept the Buyer for purposes of assuming the existing mortgage encumbering the subject property, where the mortgage instrument re- quires such acceptance, then and in that event, the Buyer at his option may cancel the contract and all monies paid on the purchase price shall he refunded to him and the parties shall be released from all further obligations. Any variance in the amount of a mortgage to be assumed from the amount stated in the Contract shall be added to or deducted from the cash payment or the purchase money mortgage, as the Buyer may elect. W