|
sr (b) If extreme weather or other condition or event consuhriog "Fosoe Majeure" (see STANDARD G) muses: (i)
<br />ss disruption of uS1ities or other services essential for Closing or (l) Hazard, Wind, Flood or Homeowners' insurance;
<br />59 to become unavailable prior to Closing, Closing shall be extended a reasonable time up to 3 days after reetoration
<br />an of utilities and other services essential to Closing and availability ct applicable Hazard, WLrtc3, Flood or
<br />st Homeowners' insurance If restoration of such utilities or services and availability of insurance has not occurred
<br />sr within (if left blank, then 14) days afar Closing Date, then either party may terminate this Contract by
<br />as delivering written notice to the other party, and Buyer shall be. refunded the Deposit, thereby releasing Buyer and
<br />34 Seller from all to -the: obligations under this Contract
<br />as S. OCCUPANCYAND POSSESSION:
<br />es (a) Unt ss the box in Paragraph 6(b) Is checked, Seller shalt, at Closing, deliver ocerpan y and possession of the
<br />sr Property to Buyer free of teria:tts, occupants and future tenancies_ Also, at-Cleeing, Seller shalt have removed all
<br />ea personal items and trash from the Property and shall deliver all keys, garage door openers, access devices and
<br />oa codes, as applicable, tc Buyer. If occupancy Is b be detvered before Closing, Buyer assumes alt risks of loss to the
<br />hn Property from date of occupancy, strait be responsToie and Liable for maintenance from that date, and shall be
<br />71 deemed to have accepted the Property In De existing condition as of time of taking, occupancy.
<br />re (b) 0 CHECK IF PROPERTY iS SUBJECT TO LEAST (S) OR OCCUPANCY AFTER CLQSING. tf Property is
<br />7a subject to a lease(s) after Closing or Is intended to be rented or occupied by tihiid pies beyond Closing, the faces
<br />74 and terms there✓r shall be disclosed in wring by Seller to Buyer and copies of the written lease(s) shall be
<br />;s delivered to Buyer, al within 5 days after Effective Date. If Buyer determines, in Buyer's sole dieoretion, that the
<br />73 lease(s) or terns of occupancy are not acceptable to Buyer, Brayer may terminate this Contact by derrvery of
<br />77 written notice of such election to Seller whin 5 days aier receiptof the above items from Seller, and Buyer shalt be
<br />78 refunded the Deposit thereby reteasmg Buyer and Seller from all finthher cbligations under this Contract, Estoppel
<br />79 Letter(s) and Seller's affidavit shat be prevideci pursuant to STANDARD D. If Property ;s intended to be occupied
<br />so - by Seller altar Closing, see Rider L. POST -CLOSING OCCUPANCY BY SELLER
<br />8? 7_ ASSIGNABILITY: (CHECK ONE): Buyer © may assign and thereby be released from any further liability under this
<br />se - Conirad.; tJ may assign but not be released from liabiiity raider this Contract; or I may not assign this Contract.
<br />ae FINANCING
<br />ed 8. FINANCING:
<br />ea lij (a) Buyer will pay cash or may obtain a loan for the purchase of the Property. There is no financing contingency to
<br />ver's obligation to dose .
<br />e7< L"I (b) This Conked is contingent tfngent upon Buyer cbtaining a written loan commitment for a 0 conventional 0 FHA VA
<br />sr or 0 other (describe) loan on the following teras within (If tett blank, ifr i SO) days afar
<br />as- Effective Date (Tran Commit Bent Date") for (CHECK ONE): 0 fixed, t.7 adjusbehts, 0 oradjustable
<br />so- Te Loan Amount(See Paragraph 2(c)), atrater Loan in
<br />�. an initial rale not to exceed 96 (if lett blank, then prevailing
<br />9? rate based upon Buyer's dredeworthfrress), and fora tern of (Kieft bfantc, then 30) years ("Financing_
<br />se Buyer shall make mortgage loan application for the Flnancng whin left blank,then da
<br />83 Date and use good faith and diligent effort to obtain a written Loan comniitmeYS � ttee ti1e
<br />sc and thereafter to close this Contraser nt far the d about
<br />("Loan Cot mort ge
<br />95 loan application and Loan Cammi een�d authorizes Seller Buyer's mortgagefully informed
<br />farmed about the tender
<br />s of Lose such
<br />status and progress to Selierand Broker, broker and Buyer's disclose such
<br />97
<br />six Upon Buyer's reeelpt of Loan Commitment, Buyer shalt provide written not ca of same b Seller_ If Buyer does not
<br />ss receive Loan Comrnihrerrt by Loan Conerf:tment IDate, then thereafter eittier party may cancel this Contract up to the
<br />too earlier of:
<br />not (1.) Buyer's delivery of written notice to Sealer that Buyer has either received Loan Commitment or elected to
<br />192 waive the financing corfmgancy of this Contract; or
<br />103 (IL) 7 clays prtorto hosing Dee.
<br />lac If ether party timely cancers this Contract puissant to this Paragraph 8 and Buyer is hot In default under the terms of
<br />hos this Contract, Buyer shall be refunded the Deposit thereby releasing Buyer and Seller from alt fue her obligations under
<br />hes this Contract tf neither party has timely canceled this Contract pursuant to this Paragraph 8, thee this financing
<br />ler contingency shall be deemed waived by Buyer. .
<br />,cg tf Buyer deirrers written notica of receipt of Loan Conimfinent to Seller and this Contract does not thereafter dose, the
<br />Deposit shall be paid to Seller unless failure to dose is duo to: (t) Seller's default (2) Property related cond'rttons of Lira
<br />no Loan Camrttment have not been met (except when such condiiiions are waived by other provisions of this Contract); (3)
<br />tit appraisal of the Property obtained by Buyer's tender Is insufficient to meet terms of the Loan Commitment; or (4) tie
<br />112 Loan is not funded due to financial failure of auger's lender, to which avent(s) the Depaslt shall be returned to Buyer,
<br />> s thereby releasing Buyer and Saar firm all further obrcgaffons under fres Contract.
<br />Buyer's k3'•ralse2 i` , T.
<br />FtoridaRealh daB�lS 2 Rev.8/13 ® 2013 F7afda thea tors• anti Ins [ta,ida Bar. .A11.ry0111 Settles itr@fses� tights reseed_
<br />sere etiozi-6arza saeazor
<br />formsirnpiie%tSy
<br />31
<br />
|