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. . STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") CONTINUED
<br />«m transferred by absolute bill of sale with warranty oftitle, subject only to such matters as may be provided for inthis
<br />*w CnDtrgoL
<br />441 L CLOSING LOCATION; DOCUMENTS; AND PROCEDURE:
<br />wz (1) LOCATION: Closing will be conducted by the attorney or other closing agent ("Closing Agent') designatedbv
<br />wo the party payingforthemwne/spo|ioyofUUoinaunonoeandVWUbakep|oue|ntheoountvvvhenethe Real Property
<br />4*4 in /000b:d at the office of the Closing Agent, uredsuch other location agreed to by the parties. If there is no Ut/a
<br />445 insurance, Seller will designate Closing Agent. Closing may be conducted by mail, overnight courier, or electronic
<br />zwo means.
<br />*n (ii) CLOSING DOCUMENTS: Seller shall at or prior to Closing, execute and deliver, as eppUcab|a, doed, bill of
<br />^wu sale, certificate(s) of title or other documents necessary to transfer title to the Property,construction lien afhdovit(o).
<br />'wo owner's possession and no lien affidavit(s), and assignment(s) of leases. Seller shall provide Buyer with paid
<br />e« receipts for all work done o0the Property pursuant 0othis Contract. Buyer shall furnish and pay for, aaapplicable,
<br />451 the survey, flood elevation certification, and documents required by Buyer's lender.
<br />462 0i\FlmCE0GTO NOTICE If Closing Agent Is idhm comply withtb U.STreasury Department's
<br />463 Fxmmoo|a/ Crimes Enfamnerommt Network (^MCEN^) Geographic Targeting Orders (~C8TOs^). than Buyer
<br />454 shall provide Closing Agent with the information related to Buyer and the transaction contemplated by this
<br />455 Contract that &mrequired tmcomplete IRS Form .8300,and Buyer consents toClosing ^&gemfscollection and
<br />466 report of said information toIRS.
<br />wn (iv) PROCEDURE: The deed shall be recorded upon COLLECTION of all closing funds. If the Title Commitment
<br />xau provides insurance against adverse matters pursuant to Section 627.7841, F.S., as amended, the escrow closing
<br />469 procedure required by STANDARD J shall be waived, and Closing Agent shall, subject to COLLECTION of all
<br />mm closing funds, disburse at Closing the brokerage fees to Broker and the net sale proceeds to Seller.
<br />*e1 J. ESCROW CLOS/NGPRKJCEDURE:ifTit|eComnlibnent|oouedpuuaVant1oPanegraph9(c)doamnVtprovida
<br />462 for insurance against adverse mattersas permitted under Section 6277841 F.8 amended, the following
<br />463 escrow and o|osmQ pnmoeuunaa shall apply: (1) all Closing proceeds shall be held in escrow by the Closing Agent
<br />46" for aperiod ofnot more than 1Odays after Closing; if Seller's title iarendered unmarketable, through nofault of
<br />^on Buyer, Buyer shall, within the 1Oday period, notify Seller \nwriting ofthe defect and Seller shall have 30days from
<br />466 date ofreceipt ofsuch notification hmcure the defect; ifSeller falls totimely cure the defect, the Deposit and all
<br />467 Closing funds paid by Buyer shall, within 5 days after written demand by Buyer, be refunded to Buyer and,
<br />468 simultaneously with such repayment, Buyer shall return the Personal Property, vacate the Real Property and
<br />46* convey the Property toSeller bvspecial warranty deed and billof | d make timely demand
<br />*m for refund of the Deposit, Buyer shall take title as is, vvshjng all rights against Seller as to any intervening defect
<br />*n except as may be availabletmBuyer by virtue of warranties uznhs|nedlnthe deed orbill ofsale.
<br />«o K. PRoRAoIOmS; CREDITS: The following recurring items will be made current (if applicable) and prorated as of
<br />wo the day priorto Closing Date, or date of occupancy if occupancy occurs before Closing Date: | estate taxes
<br />ww (including sp|a/oenentoaxaasassmenzs/rnpossm by a CDD), Interest, bonds, association fees, insurance, rents
<br />475 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable,
<br />wm inwhich event premiums shall be ronabed Cash at Closing shall be increased or decreased as may be required
<br />477 oypnonatiPnmtobemade through day n [*oC!omng.aovmnoenaruenoseoung/oepooma.nony.vvmomcnsoivao
<br />frn to Buyer. Escrow deposits held by Sellers mortgagee will. be paid to Seller. Taxes shall be prorated based on
<br />«/n current year's tax. |yClosing occurs onodate when current yeor'mniUagokanot fixed but current year's assessment
<br />^wo is available, taxes will be pronated basad upon such assessment and prior years mniUe0a. |fcurrent years
<br />481 assessment ianot available, then taxes will be proratedonprior year's tax. |fthere are completed improvements
<br />^oe onthe Real Property bvJanuary 1stoYyear ofClosing, which improvements vvenenntinou|atenoennJanuary1*
<br />483 of prior year, then taxes shal'i be prorated based upon prior years millage and at an equitable assessment to be
<br />wm agreed upon between the parties, failing vxhiotT, request shall be made to the County Property Appraiser for an
<br />wn» inknnnm| assessment taking into account available ons. In all ooasm, due sU|oxvanca shall be made for the
<br />480 maximum oUovvab|o discounts and applicable homestead and other exemptions. Atax proration based on an
<br />467 estimate shall, at either party's request, be readjusted upon receipt of current year's tax bill. This STANDARD K
<br />*mo shall survive Closing,
<br />wo L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS,ANDWALK-THROUGH: Seller
<br />*ao ohaU, upon reasonable noUce, provide utilities service and access to Property for appraisals and inspections.
<br />*o1 Closing.
<br />492 M. RISK OF LOSS: If, after Effective Date, but before Closing, Property is darnaged by fire or other casualty
<br />493 \Casua'and cost u/restoration ".^="=^.~`= pruning or removing~...
<br />aged trees) does not
<br />494 exceedexceed1.6% of Purchase Price, cost of restoration shall be an obligation of Seller and Closing shall
<br />proceed
<br />495 pursuant toterms ofthis Contract. |frestoration ionot completed asofClosing, asum equal ool257ucxestimated
<br />Buyers Initial Page eof 12 Seller's Initials
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