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IN •1 2 '3 4 5 8 7 'B 9 10 '11 •12 13 14 16 THIS FORM WSEENED BY FLORIDA ASSOCIATION OF O REALTORSOAND THETHE FLORIDA BAR, Contract for Sale and Purchase FLORIDA ASSOCIATION OF REALTORS® AND THE FLORIDA BAR' of rsetler), of ,. ,..,.,or moo.. L Seale o! Merida ($uyer'), hereby apse that Seller shell sell and Buyer shall buy the following described real property and (Phone) property (CollecIsm tively 'PropeRy') pursuant to the terms and conditions of this Contract for Sale and Purchase and any riders and addenda property (C llecti: L DESCr4pTiON: (a) Legal description of the Real Property located In. Tndi.a ttiver Bee Leval nraecriotion 1.aha. Sas .�r w County, Florida: erelle and euA. �-_. ._---' (b) Street address, city, zip, of (c) Personal Propertv: none. me 16 PAYMENT: --- _._.,....,r..,..,.,. mala.Irtoss.ar...Ilt1S..pBt^C21,................................... ...............................5_Nll1-Esc h *+ae '17 (a) Deposit held in escrow by *19 Agent) In the amount of........................................................................................ (Escrow (b)Additiona) escrow deposit to be made to Escrow rent within _ *2; Paragraph III) in the amount of .......................................... ...................... days after Effective Date (sees (c) Subject W AND assumption of existing mortgage In good standing in favor of .......... $ 124 22 having an approximate present principal balance of ...................$ (d) New mortgage rinancing with a Lender (see Paragraph IV) in the amount of .......................... (e) Purchase money mortgage and note to Seller (see rider for terms) In the amount of ....:............. S -D_ '25 (/)Other. ...............5 .o. 28 (p)Balancs to close by U.S. cash or LOCALLY DRAWN cashiers or official bank checks S_ -o_ '27 to adjustments or protatlone ....................... (). subject 28 f9. TIME FOR ACCEPTANCE OF OFFER; EFFECTIVE DATE; FACSIMILE: K this offer is not executed by and ddelivered to all parties '29 OR FACT OF EXECUTION Communicated In writing between the parties an or before x 30 will, at Buyers option, be returned and this off erwithdrawn. For purposes of delivery or notice of execution, parties the Jape 6suyer 31 and Seller or each of the respective brokers or attorneys. fie date of Contract ('Effective Date'► w111 be the date when the lost 32 one of the Buyer and Seller has signed this otter. A facsimile copy of this Contrect and any signatures hereon shalt be considered 33 forallpurposesasanoriginal. Note: This ContraCt iS Subjt:ct to Indian River County Final Approval. 34 IV, FINANCING: '35 ❑ (a) This Is a cash transaction with no contingencies for financing; *37 '36 ❑(b)This Contract is conditioned on Buyer obtaining a written loan commitment within days after Effective Date for '38 (CHECK ONLY ONE): ❑ a fixed; ❑ adjustable; or 1 an ad ❑a fixed or adjustable rate Ivan in the principal amount of% '39 of principal amount, and for a initialInterestarate not to exceed % , discount origination fees not to exceed 40 Effective Date and use reasonable diligence to obtain loan er ittand, thereication after, hin to satisfy teoryis and fconditiionstof 41 the commitment and close the loan. Buyer shall pay all loanexpenses. if Buyerfails to obtain a commitment or fails to waive 42 Buyers rights under this subparagraph within the time for obtaining a commitment or, after diligent ef f o rt ,io the other, may fails to meet the 43 tefM$ and Conditions of the aolnmltfftfnt by the 010111111`19 date, Then either party thereof for, by written no 44 cancel this Contract and Buyer shall be refunded the deposit(s); or tice '45 0 (c) The existing mortgage, described In Paragraph II(c) above, has: ❑ a variable Interest rate; or 0 a fixed interest rate of '46 % per annum. At time of title transfer, some fixed interest rates are subject to increase; if Increased. the rate shall not '47 exceed % per annum. Seller shall fumish a statement from each mortgagee stating the principal balance, method of 48 payment, Interest rate and status of mortgage or authorize Buyer or Closing Agent to obtain the same. If Buyer has agreed to 49 assume a mortgage which requires approval of Buyer by the mortgagee for assumption, then Buyer shall promptly obtain the 50 necessary application and diligently complete and return it. to the mortgagee. Any mortgagee charge(s), not to exceed '51 S 0%° of amount assumed If left blank), shall be paid by Buyer. if Buyer is not accepted by mortgagee or 52 the requirements for assumption are not in accordance with the terns of this Contract or mortgagee makes a charge in 53 excess Of the stated amount. Seller or Buyer may rescind this Contract by written notice to the other party unless either 54 elects to pay the Increase In Interest rate or excess mortgage charges. '55 V. TtrLE EVIDENCE:At least days before closing date, (CHECK ONLY ONE '56 to Buyer or Buyers attorney; ori Buyer shall at Buyers expense obtain ) Seller shall, at Sellers expense, deliver 57 Insurance commitment (with legible copies of Instruments listed as exceptions attached�� d after closing, an owbstract of title; or �nelrs SB Policy of title Insurance, '59 VI. CLOSING DATE: This transaction shall be closed and the closing documents delivered on 60 unless modified b other provisions of Tact. Buyer(_„ ( and Uisp flnowlecigs receipt of a copy of I his ee. "Effective Date"See III) FARISAR•5 Rev. allis RIDERS CAN BE OBTAINED FROM THE FLORIDA AS OCIATION OF REALTORSo OR THE FLORIDA BAR This form is licensed for use with Foltstnulst a re Forms Scftware by ISO McAllister Publishing, Inc. 900.336.1027 - . .1 �. � ��,' • - �:-lt^.i `, x:11'."S.':