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114* ❑ (c) Assumption of existing mortgage (see rider for terms). 115* ❑ (d) Purchase money note and mortgage to Seller (see riders; addenda; or special clauses for terms). CLOSING COSTS, FEES AND CHARGES 117 9. CLOSING COSTS; TITLE INSURANCE; SURVEY; HOME WARRANTY; SPECIAL ASSESSMENTS: 118 (a) COSTS TO BE PAID BY SELLER: 119 • Documentary stamp taxes and surtax on deed, if any • HOA/Condominium Association estoppel fees 120 • Owner's Policy and Charges (if Paragraph 9(c) (i) is checked) • Recording and other fees needed to cure title 121 • Title search charges (if Paragraph 9(c) (iii) is checked) • Seller's attorneys' fees 122* • Other: Seller to pay 6% commission according to it listing agreement. 123 If, prior to Closing, Seller is unable to meet the AS IS Maintenance Requirement as required by Paragraph 11 a 124 sum equal to 125% of estimated costs to meet the AS IS Maintenance Requirement shall be escrowed at Closing. If 125 actual costs to meet the AS IS Maintenance Requirement exceed escrowed amount, Seller shall pay such actual 126 costs. Any unused portion of escrowed amount(s) shall be returned to Seller. 127 (b) COSTS TO BE PAID BY BUYER: 128 • Taxes and recording fees on notes and mortgages • Loan expenses 129 • Recording fees for deed and financing statements • Appraisal fees 130 • Owner's Policy and Charges (if Paragraph 9(c)(ii) is checked) • Buyer's Inspections 131 • Survey (and elevation certification, if required) • Buyer's attorneys' fees 132 • Lender's title policy and endorsements • All property related insurance 133 • HOA/Condominium Association application/transfer fees • Owner's Policy Premium (if Paragraph 134 9 (c) (iii) is checked.) 135* • Other: 136* (c) TITLE EVIDENCE AND INSURANCE: At least (if left blank, then 5) days prior to Closing Date, a title 137 insurance commitment issued by a Florida licensed title insurer, with legible copies of instruments listed as 138 exceptions attached thereto ("Title Commitment") and, after Closing, an owner's policy of title insurance (see 139 STANDARD A for terms) shall be obtained and delivered to Buyer. If Seller has an owner's policy of title insurance 140 covering the Real Property, a copy shall be furnished to Buyer and Closing Agent within 5 days after Effective Date. 141 The owner's title policy premium, title search, municipal lien search and closing services (collectively, "Owner's 142 Policy and Charges") shall be paid, as set forth below (CHECK ONE): r�asing services related to Buyer's lender's policy and endorsements and loan closing, which amounts shall be paid (i) Seller shall designate Closing Agent and pay for Owner's Policy and Charges (but not including charges for 145 146 by Buyer to Closing Agent or such other provider(s) as Buyer may select); or 147* ❑ (ii) Buyer shall designate Closing Agent and pay for Owner's Policy and Charges and charges for closing 148 services related to Buyer's lender's policy, endorsements, and loan closing; or 149* ❑ (iii) [MIAMI-DADE/BROWARD REGIONAL PROVISION]: Seller shall furnish a copy of a prior owner's policy of 150 title insurance or other evidence of title and pay fees for: (A) a continuation or update of such title evidence, which 151 is acceptable to Buyer's title insurance underwriter for reissue of coverage; (B) tax search; and (C) municipal lien 152 search. Buyer shall obtain and pay for post -Closing continuation and premium for Buyer's owner's policy, and if 153* applicable, Buyer's lender's policy. Seller shall not be obligated to pay more than $ (if left blank, 154 then $200.00) for abstract continuation or title search ordered or performed by Closing Agent. 155 (d) SURVEY: At least 5 days prior to Closing, Buyer may, at Buyer's expense, have the Real Property surveyed and 156 certified by a registered Florida surveyor ("Survey"). If Seller has a survey covering the Real Property, a copy shall 157 be furnished to Buyer and Closing Agent within 5 days after Effective Date. 158* (e) HOME WARRANTY: At Closing, ❑ Buyer D Seller ❑ N/A shall pay for a home warranty plan issued by 159* at a cost not to exceed $ . A home 160 warranty plan provides for repair or replacement of many of a home's mechanical systems and major built-in 161 appliances in the event of breakdown due to normal wear and tear during the agreement's warranty period. 162 (f) SPECIAL ASSESSMENTS: At Closing, Seller shall pay: (i) the full amount of hens imposed by a public body 163 ("public body" does not include a Condominium or Homeowner's Association) that are certified, confirmed and 164 ratified before Closing; and (ii) the amount of the public body's most recent estimate or assessment for an 165 improvement which is substantially complete as of Effective Date, but that has not resulted in a hen being imposed 166 on the Property before Closing. Buyer shall pay all other assessments. If special assessments may be paid in 167 installments (CHECK ONE): 168* ❑ (a) Seller shall pay installments due prior to Closing and Buyer shall pay installments due after Closing. 169 Installments prepaid or due for the year of Closing shall be prorated. 170* ❑ (b) Seller shall pay the assessment(s) in full prior to or at the time of Closing. IF NEITHER BOX IS CHECKED, THEN OPTION (a) SHALL BE DEEMED SELECTED. Buyer's Initials �/" - Page 3 of 11 Seller's Initials FloridaRealtors/FloridaBar-ASIS-2 Rev.8/13 © 2013 Florida Realtors®and The Florida Bar. All rights reserved. Serial#: 048726-500140-5344270 193