Laserfiche WebLink
172 This Paragraph 9(0 shall not apply to a special benefit tax lien imposed by a community development district (CDD) <br />'3 pursuant to Chapter 190, F.S., which lien shall be prorated pursuant to STANDARD K. <br />T74 DISCLOSURES <br />175 10. DISCLOSURES: <br />176 (a) RADON GAS: Radon is a naturally occurring radioactive gas that, when it is accumulated in a building in sufficient <br />177 quantities, may present health risks to persons who are exposed to it over time. Levels of radon that exceed federal <br />178 and state guidelines have been found in buildings in Florida. Additional information regarding radon and radon <br />179 testing may be obtained from your county health department. <br />180 (b) PERMITS DISCLOSURE: Except as may have been disclosed by Seller to Buyer in a written disclosure, Seller <br />181 does not know of any improvements made to the Property which were made without required permits or made <br />182 pursuant to permits which have not been properly closed. <br />183 (c) MOLD: Mold is naturally occurring and may cause health risks or damage to property. If Buyer is concerned or <br />184 desires additional information regarding mold, Buyer should contact an appropriate professional. <br />185 (d) FLOOD ZONE; ELEVATION CERTIFICATION: Buyer is advised to verify by elevation certificate which flood zone <br />186 the Property is in, whether flood insurance is required by Buyer's lender, and what restrictions apply to improving <br />187 the Property and rebuilding in the event of casualty. If Property is in a "Special Flood Hazard Area" or "Coastal <br />188 Barrier Resources Act" designated area or otherwise protected area identified by the U.S. Fish and Wildlife Service <br />189 under the Coastal Barrier Resources Act and the lowest floor elevation for the building(s) and /or flood insurance <br />190 rating purposes is below minimum flood elevation or is ineligible for flood insurance through the National Flood <br />191* Insurance Program, Buyer may terminate this Contract by delivering written notice to Seller within (if left <br />192 blank, then 20) days after Effective Date, and Buyer shall be refunded the Deposit thereby releasing Buyer and <br />193 Seller from all further obligations under this Contract, failing which Buyer accepts existing elevation of buildings and <br />194 flood zone designation of Property. The National Flood Insurance Reform Act of 2012 (referred to as Biggert- <br />195 Waters 2012) may phase in actuarial rating of pre -Flood Insurance Rate Map (pre -FIRM) non -primary structures <br />196 (residential structures in which the insured or spouse does not reside for at least 80% of the year) and an elevation <br />197 certificate may be required for actuarial rating. <br />198 (e) ENERGY BROCHURE: Buyer acknowledges receipt of Florida Energy -Efficiency Rating Information Brochure <br />199 required by Section 553.996, F.S. <br />200 (f) LEAD-BASED PAINT: If Property includes pre -1978 residential housing, a lead-based paint disclosure is <br />11 mandatory. <br />J2 (g) HOMEOWNERS' ASSOCIATION/COMMUNITY DISCLOSURE: BUYER SHOULD NOT EXECUTE THIS <br />203 CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS' ASSOCIATION/COMMUNITY <br />204 DISCLOSURE, IF APPLICABLE. <br />205 (h) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT <br />206 PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED TO <br />207 PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY <br />208 IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN HIGHER <br />209 PROPERTY TAXES. IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION, CONTACT THE COUNTY <br />210 PROPERTY APPRAISER'S OFFICE FOR INFORMATION. <br />211 (i) FIRPTA TAX WITHHOLDING: Seller shall inform Buyer in writing if Seller is a "foreign person" as defined by the <br />212 Foreign Investment in Real Property Tax Act ("FIRPTA"). Buyer and Seller shall comply with FIRPTA, which may <br />213 require Seller to provide additional cash at Closing. If Seller is not a "foreign person", Seller can provide Buyer, at or <br />214 prior to Closing, a certification of non -foreign status, under penalties of perjury, to inform Buyer and Closing Agent <br />215 that no withholding is required. See STANDARD V for further information pertaining to FIRPTA. Buyer and Seller <br />216 are advised to seek legal counsel and tax advice regarding their respective rights, obligations, reporting and <br />217 withholding requirements pursuant to FIRPTA. <br />218 (j) SELLER DISCLOSURE: Seller knows of no facts materially affecting the value of the Real Property which are not <br />219 readily observable and which have not been disclosed to Buyer. Except as provided for in the preceding sentence, <br />220 Seller extends and intends no warranty and makes no representation of any type, either express or implied, as to <br />221 the physical condition or history of the Property. Except as otherwise disclosed in writing Seller has received no <br />222 written or verbal notice from any governmental entity or agency as to a currently uncorrected building, <br />223 environmental or safety code violation. <br />224 PROPERTY MAINTENANCE, CONDITION, INSPECTIONS AND EXAMINATIONS <br />225 11. PROPERTY MAINTENANCE: Except for ordinary wear and tear and Casualty Loss, Seller shall maintain the Property, <br />226 including, but not limited to, lawn, shrubbery, and pool, in the condition existing as of Effective Date ("AS IS <br />227 Maintenance Requirement"). <br />Buyer's Initials Page 4 of 11 Seller's Initials <br />FloridaRealtors/FloridaBar-ASIS-2 Rev.8/13 © 2013 Florida Realtors®and The Florida Bar. All rights reserved. <br />............... ............. <br />Serial#: 079677.200140-5020956 - --- <br />194 <br />