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Vacant Land Contract 2' 3' 4 5' 6' 7. 8' 9' I0' u' 12' 13' 14• t (:_ (( ( i a Real :c r. The Voice 101 ileal Estateain batt i3 PARTIES AND DESCRIPTION OF PROPERTY 1. SALEAN❑P11RC E: Quality Fruit Packers of Indian River, Inc. ("Seller and zndian Kiver—County i lorida 15oard of County �mm ss3.otters (~Buyer~) ) agree to sell and buy on the terms and conditions specified below the property ("Property") described as: Address: Legal Description: see attae�ied );xhibit "A" including all improvements and the following additional property: t1/ a 15 16' 2. PURCHASE PRICE: 17. 16' 19 30' 21• (a) S._0 22' (b) S 23' 0 $ 137,500.00 PRICE AND FINANCING payable by Buyer in U.S. funds as follows: Deposit received (checks are subject to clearance) on Y,. by for delivery to ("Escrow Agent") Signature Name of Company (Address of Escrow Agent) (Phone 11 of Escrow Agent) Additional deposit to be delivered to Escrow Agent by _ or days from Effective Date (10 days if left blank). 24' (c) 0 Total financing (see Paragraph 3 below) (express as a dollar amount or percentage) 25' (d) $ 0 Other: 26' (e) $.137 ,500 . 00 Balance to close (not Including Buyer's closing costs, prepaid items and prorations). All funds paid at closing must be paid by locally drawn cashier's check, official check or wired funds. 27 28' ❑(f) (complete only If purchase price will be determined based on a per unit cost instead of a fixed price) The unit 29' used to determine the purchase price is Ej lot D acre 0 square foot [] other (specify: _� 30' prorating areas of less than a full unit. The purchase price will be $_ per unit based on a calculation of total 31 area of the Property as certified to Buyer and Seiler by a Florida -licensed surveyor in accordance with Paragraph 8(c) of this 32' Contract. The following rights of way and other areas will be excluded from the calculation: 33• 34' 35' 36" 37' 38 39 40 41. 42' 43 44 454 46' 47' 48 49 3. CASH/FINANCING: (Check as applicable)rs(a) Buyer will pay cash for the Property with no financing contingency. ❑(b) This Contract Is contingent on Buyer qua ifying and obtaining the commltment(s) or approvai(s) specified below (the "Financing') within days from Effective Date (if left blank then Closing Date or 30 days from Effective Date, whichever occurs first) (the "Financing Period"). Buyer will apply for Financing within days from Effective Date (5 days if left blank) and will timely provide any and all credit, employment, financial and other Information required by the lender. If Buyer, after using diligence and good faith, cannot obtain the Financing within the Financing Period, either party may cancel this Contract and Buyer's deposit(s) will be returned after Escrow Agent receives proper authorization from all Interested parties. ❑(1) New Flnandng: Buyer will secure a commitment for new third party financing for $ or R6 of the purchase price at the prevailing Interest rate and loan costs based on Buyer's creditworthiness, Buyer will keep Seller and Broker fully informed of the loan application status and progress and authorizes the lender or mortgage broker to disclose all such information to Seller and Broker. [](2) Seller Financing: Buyer will execute a 0 first 0 second purchase money note and mortgage to Seller In the amount of $ bearing annual Interest at Ro and payable as follows: The Vis.' tgage, note, and any security agreement will be In a form acceptable to Seller and will follow forms generally acc :�. 41� n the county wher r e Property Is located; will provide for a late payment fee and acceleration at the mortgagee's 111 I1' ) andSei ) ( ) acknowledge receipt of a copy of this page, which is Page 1 of 7 Pages. t-� ��,yt Florida Ass._ . u Rrnutia' All Rights Reserved so' Buyer ( Rev. 4/0 Seria19: 094005.6081353964419