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Z7 (b) If extreme weather or other condition or event constituting 'Ponce Majeure" (see STANDARD G) causes: (1)
<br />,g d5sruption of ufi"Gbes or other services essential for Closing or [t) Hazard, Wild, Flood or Homeowners' insurance,
<br />ea to become unavailable prior to Closing, Closing shall be extended a reasonable time up to 3 days after restoration
<br />6o of utilities and other services essential to Closing and availability of applicable Hazard, Wind, Flood or
<br />et Homeowners' insurance. if restoration of such uffitties or services end availability of insurance has not occurred
<br />s2' within (if left blank, then 14) days after Closing Date, then either party may terminate this Contract by
<br />ea defreering written notice to the other party, and Buyer shall be refunded the Deposit, thereby releasing Buyer and
<br />64 Seller from all futtherobilgaiions under this Contract
<br />6s 6. OCCUPANCY AND POSSESSION: •
<br />66 (a) Unless the boor in Paragraph 6(b) is checked, Seller shaft, at Closing, dealer occupancy and possession of the
<br />sr Property to Buyer free of tenants, occupants and future tenancies. Also, at Closing, Seller shell have removed all
<br />68 personal items and trash from the Property and shalt deliver all keys, garage door openers, access devices and
<br />es codes, as applicable, to Buyer. if oocupancy is to be delivered before Closing. Buyer assumes all risks of loss to the
<br />et Property from date of occupancy, shall be responsible and liable for maintenance from that date, and shall be
<br />71 deemed to have accepted the Properly in ils existing condition as offline of taking occupancy.
<br />72* (b) 0 CHECK IF PROPERTY iS SUBJECT TO LEASE(S) OR OCCUPANCY AFTER CLOSING. tf Property is
<br />re subject to a lease(s) after Closing or Is intended to be rented or occupied by third pales beyond Closing, the facts
<br />74 and terms thereof shall be disclosed in writng by Seger to Buyer and copies of the written lease(s) shall be
<br />rs delivered to Buyer, all within 5 days alter Effective Date. if Buyer determines, in Buyer's sole disoretion, that the
<br />76 lease(s) or terms ref occupancy are not acceptable to Buyer, Buyer may terminate this Contract by deliVery of
<br />rr written notice of such election to Seller within 5 days after receipt of the above kerns from Seiler, and Buyer shall be
<br />7$ refunded the Deposit thereby releasing Buyer and Seller from all further obligations under this Contract. Estoppel
<br />76 Letter(s) and Seller's affidavit shall be provided pursuant to STANDARD D. If Property is intended to be occupled
<br />at . by Seller after Closing, see Rider U. POST -CLOSING OCCUPANCY BY SELLER.
<br />sr 7. ASSIGNABILITY: (CHECK ONE): Buyer 0 may assign and thereby be released from any further liability under this
<br />Sr Contract♦ 0 may assign but not be released from liability under this Contract or 0 may not assign this Contract.
<br />se FINANCING
<br />m 8. FINANCING:
<br />' (e) Buyer will pay cash or may obtain a loan for the purchase of the Property. There is no financing contingency to
<br />se fluor* obligation to close .
<br />6r• 0 (b) This Contract is contingent upon Buyer obtaining a written loan commitment tor a 0 conventional 0 FHA II VA
<br />se- or 0 other (describe) loan on the following terms within (If left blank, then 30) days after
<br />is, Effective Date (`Loan Comrrnbnent Date") for (CHECK ONE): 0 faced, 0 adjustable, C( dad or adjustable rate loan h
<br />err the Loan Amount (See Paragraph 2(c)), at an iridial interest rate not to exceed % (if left blank, then prevailing
<br />51• rate based upon Buyers creditworthiness), and for a term of (If left blank, then 30) years ("Financing'}
<br />sr Buyer shall make mortgage loan application for the Financing within (d left blank, then 5) days after hive
<br />98 Date and use good faith and diligent effort to obtain a wrrten loan commitment for the Friendly ("Loan Commitment")
<br />e4 end thereafter to dose this Contract. Buyer shall keep Seiler and Broker fully informed about the status of mortgage
<br />as loan application and Loan Comrnitrnent end authorizes Buyer's mortgage broker and Buyer's tender to disclose such
<br />es status and progress to Seller and Broker.
<br />87
<br />es Upon Buyer's receipt of Loan Commitment, Buyer shall provide written notica of carne to Seiler_ If Buyer does not
<br />re receive Loan Commitment by Loan Commitment Date, then thereafter either party may cancel this Contract up to the
<br />loo eariler of:
<br />10t (I.) Buyer's derivery of written notice to Seiler that Buyer hes either received Loan Commitment or elected to
<br />taa wane the financing contingency of this Contract or
<br />los (iL) 7 days prior to Closing Date.
<br />UK If either party timely cancels this Contract pursuant to this Paragraph 8 and Buyer is not in default under the terms of
<br />tae this Contract, Buyer shall be refunded the Deposit thereby releasing Buyer end Seiler from all further obligations wider
<br />106 this Contrail. If neither party has timely pled this Contract pursuant to this Paragraph 8, then this financing
<br />107 contingency shall be deemed waived by Buyer,
<br />los if Buyer delivers written notice of receipt of Loan Commitment to Seiler and this Contract does not thereafter dose, the
<br />ice Deposit shall be paid to Seller unless failure to dose is due to: (1) Seller's default; (2) Property related condition of the
<br />lie Loan Commitment have not been met (except when such conditions are waived by other provisions of this Contract); (3)
<br />1i1 appraisal of the Property obtained by Buyer's lander Is insufficient to meet terms of the Loan Com or (4) the
<br />112 loan is not funded due to financial failure of Buyers lender, In which event(s) the Deposit shall be returned to Buyer,
<br />tis thereby releasing Buyer and Seller from all further obligations Emden this Contract.
<br />Buyer's Initials
<br />FiaridaRealtors/Ftori • :: 5-2 Rev2/13 48 2019 Florida Realtors° and The Fiarkie Bar. All rlgbts reserved.
<br />See* od4-muss•ssessor
<br />Page 2 of 1 l Seller's Initials
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