2018-063 - Laserfiche WebLink

Home Browse Search

53 SL EXTENSION OF CLOSING DATE: m bd If funds from Buyer's lender(s) are not available on Closing Date due 65 to Consumer Financial Protection Bureau Closing Disclosure delivery requirements ("CFPB Requirements"), ao then Closing be extended for such period necessary to satisfy CFPB Requirements, provided such o/ period shall not exceed 1Odays. sn (b) \fanevent constituting "Force,Majeure" oauoeoaen/iceoeosentio|forC|oaingb»beunovoilab|a'ino|ud'n the so unavailability of utilities or issuance of hazard, vNnd, flood or homeowners' insurance, Closing Date shall be so extended asprovided iOSTANDARD G. 61 6. OCCUPANCY AND POSSESSION: oe (a) Unless the box in Paragraph 6(b) is checked, Seller shall, at Closing, deliver occupancy and possession of the ox Property to Buyer free of tenants, occupants and future tenancies. Also, at Closing, Seller shall have removed 64 all personal items and trash from the Property and shall deliver U keys, garage door openers, access devices ua and codes, oaapplicable, to Buyer. if occupancy is tobadelivered before Closing, Buyer assumes all risks of ne loss hmthe Property from date ofoccupancy, ohaUbanaspVnalNeand|iab|efnrnnaiDbananm»fronnthatdata. m and shall be deemed to have.accepted the Property in its existing condition as of time of taking, occupancy. ao^ (b) [l CHECK lFPROPERTY /S SUBJECT TOLEASE(S)QR OCCUPANCY AFTER CLOSING. If Property i sv subject to a lease(s) after Closing or is intended to be rented or occupied by third parties beyondumsmg.tna /o facts and terms thereof shall be disclosed in writing by Seller to Buyer and copies of the written lease(s)shaU n bedelivered bzBuyer, all within 5days after Effective Date. If Buyer determines, in Buyer's | discretion, that rc the /eose(o)orterms cnoccupancy are not acceptable nzBuyer, uuyer'terminate this Contract by delivery r; ofwritten notice ofsuch election bzSeller within 5days after receipt ofthe above items from Seller, and Buyer 74 shall borefunded the Deposit thereby releasing Buyer and Seller from all further obligations under this Contract. rs Estoppel Letter(n)and Seller's affidavit shall baprovided pursuantbuSTANDARD D.lfProperty /aintended to rs be occupied by Seller after Closing, see Rider U. POST -CLOSING OCCUPANCY BY SELLER, rr 7. ASSIGNABILITY: (CHECK ONE); Buyer n may assign and thereby be released from any further liabilityunder 78* this Contract; E] may assign but not be released from liability under this Contract; or nmey not assign this ro Contract. 80 FINANCING m D- FINANCING: or uy (a) Buyer will pay cash for the purchase of the Property at Closing. There is no financing contingency to Buyer's m obligabon to close. If Buyer obtains a loan for any part of the Purchase Price of the Property, Buyer acknowledges 84 that any terms and conditions imposed by BuYer's lender(s) or by CFPB Requirements shall not affect or extend on the Buyer's "m,gauv.'u/close wotherwise affect any terms uoconditions wthis Contract. mr Fl(b)This Contract is contingent upon Buyer obtaining approval of a n conventional n FHA F] VA or 87* - (describe) loan within (if left blank, then 30) days after Effective Date ("Loan Approval oo^ Period") for (CHECm. wmE):L1fixed, LJacguszao/e.LJfixed or adjustable nsna in the Loan Amount (See Paragraph uo^ 2(d), at an initial interest naha not to exceed 96 (if left blank, then prevailing rate based upon Buyer's 90* uredibwodhiness).and for aterm of (if left blank, then 3O)years ("FinanoinQ"). or (i) Buyer shall make mortgage loan application for the Financing within_______ (if left blank, then 5) days vz after Effective Date and us� good faith and ctillgent effort to obt2in approV21 of a loan meeting the Financing terms ox oanAopnm'al")and thereafter toclose this Contract. Loan Approval which requires acondition related Uxthe sale o* by8uyerofudherpropartyshmUnotbodoaMnedLoanApprova|fbrpurpoyeeofthisoubpanagraph. oo Buyers failure to use diligent effort to obtain Period shallbe considered ou oenauo Contract.unue/onooanna oron/sContract.Focpu this pwes, but is v� limited or to, Ume>y furnishing all documents and information and paying of all fees and charges requested by Buyers un mortgage broker and lender in connection with Buyer's mortgage loan application. oy (if) Buyer shall keep Seller and Broker fully informed about the status of Buyer's mortgage loan app\icaUon. 100 Loan Approval, and loan processing and authorizes BuyehsQabroker, �Closing 101 such status and . and release preliminary and fihsd|v executed closing disclosures and settlement 102 statements, toGaUereodBmkmt 103 U Upon Buyer obtaining,Loshall promptlyd Uwritten notice ofsuch approvaltoSeller. 104 (iv) If Buyer iounable toobtain Loan Approval after the exercise nfdiligent effort, then mtany time, prior to ms expiration of 'the Loon Approval Period, Buyer may provide vvhUen notice to Seller stating that Buyer has been 106 unable toobtain Loan Approval and has elected toe0her 107 )m/oivoLma Approval, i vvhichevent this ConbactvviUrondnueaa|fLoan Approvm|hodbeano�ba|ned�or 108 (2) terminate this Contract. � Buyer's Initials Page 2 of 12 sellers Initials Flo rideReolto 70 2017 Florida ReuUonso,and The Florida, Bac AM eights reaenved - Serialff: 065327-300151-8791720