My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2020-114
CBCC
>
Official Documents
>
2020's
>
2020
>
2020-114
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
3/2/2021 1:05:52 PM
Creation date
6/12/2020 11:39:29 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
06/09/2020
Control Number
2020-114
Agenda Item Number
15.A.2.
Entity Name
IRC Emergency Services District
Vero West Business Park, LLC
Subject
Commercial Contract
Area
1855 98th Avenue
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
9
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
41 on Closing Date and Buyer is unable to obtain property insurance, Buyer may postpone closing up to 5 days after <br />42 the insurance underwriting suspension is lifted. <br />43 (b) Location: Closing will take place in Indian River County. Florida. (If left blank, closing will take place in the <br />44 county where the property is located.) Closing may be conducted by mail or electronic means. <br />45 5. THIRD PARTY FINANCING: <br />46 BUYER'S OBLIGATION: On or before N/A days (5 days if left blank) after Effective Date, Buyer will apply for third <br />47 party financing in an amount not to exceed N/A % of the purchase price or S -0- , with a fixed <br />48 interest rate not to exceed N/A % per year with an initial variable interest rate not to exceed N/A %. with points or <br />49 commitment or loan fees not to exceed N/A % of the principal amount, for a term of N/A years, and amortized <br />50 over N/A years, with additional terms as follows: <br />51 N/A <br />52 Buyer will timely provide any and all credit, employment, financial and other information reasonably required by any <br />53 lender. Buyer will use good faith and reasonable diligence to (i) obtain Loan Approval within N/A days (45 days if left <br />54 blank) from Effective Date (Loan Approval Date), (ii) satisfy terms and conditions of the Loan Approval, and (iii) close <br />55 the loan. Buyer will keep Seller and Broker fully informed about loan application status and authorizes the mortgage <br />56 broker and lender to disclose all such information to Seller and Broker. Buyer will notify Seller immediately upon <br />57 obtaining financing or being rejected by a lender. CANCELLATION: If Buyer, after using good faith and reasonable <br />58 diligence, fails to obtain Loan Approval by Loan Approval Date. Buyer may within N/A days (3 days if left blank) <br />59 deliver written notice to Seller stating Buyer either waives this financing contingency or cancels this Contract. <br />60 If Buyer does neither, then Seller may cancel this Contract by delivering written notice to Buyer at any time thereafter. <br />61 Unless this financing contingency has been waived, this Contract shall remain subject to the satisfaction, by closing, of <br />62 those conditions of Loan Approval related to the Property. DEPOSIT(S) (for purposes of Paragraph 5 only): If Buyer <br />63 has used good faith and reasonable diligence but does not obtain Loan Approval by Loan Approval Date and <br />64 thereafter either party elects to cancel this Contract as set forth above or the lender fails or refuses to close on or <br />65 before the Closing Date without fault on Buyer's part, the Deposit(s) shall be returned to Buyer, whereupon both <br />66 parties will be released from all further obligations under this Contract, except for obligations stated herein as surviving <br />67 the termination of this Contract. If neither party elects to terminate this Contract as set forth above or Buyer fails to use <br />68 good faith or reasonable diligence as set forth above, Seller will be entitled to retain the Deposit(s) if the transaction <br />69 does not close. For purposes of this Contract. "Loan Approval" means a statement by the lender setting forth the terms <br />70 and conditions upon which the lender is willing to make a particular mortgage loan to a particular buyer. Neither a pre - <br />71 approval letter not a prequalification letter shall be deemed a Loan Approval for purposes of this Contract. <br />72 6. TITLE: Seller has the legal capacity to and will convey marketable title to the Property by X statutory warranty <br />73 deed J special warranty deed J other . free of liens. easements and <br />74 encumbrances of record or known to Seller, but subject to property taxes for the year of closing: covenants. <br />75 restrictions and public utility easements of record: existing zoning and governmental regulations, and (list any other <br />76 matters to which title will be subject) N/A <br />77 <br />78 provided there exists at closing no violation of the foregoing and none of them prevents Buyer's intended use of the <br />79 Property as a Fire Station <br />80 (a) Evidence of Title: The party who pays the premium for the title insurance policy will select the closing agent <br />81 and pay for the title search and closing services. Seller will, at (check one) X Seller's J Buyer's expense and <br />82 within N/A days after Effective Date or at least 15 days before Closing Date deliver to Buyer (check one) <br />83 X a title insurance commitment by a Florida licensed title insurer setting forth those matters to be discharged by <br />84 Seller at or before Closing and. upon Buyer recording the deed, an owner's policy in the amount of the purchase <br />85 price for fee simple title subject only to exceptions stated above. If Buyer is paying for the evidence of title and <br />86 Seller has an owner's policy, Seller will deliver a copy to Buyer within 15 days after Effective Date. J (ii.) an <br />87 abstract of title, prepared or brought current by an existing abstract firm or certified as correct by an existing firm. <br />88 However, if such an abstract is not available to Seller. then a prior owner's title policy acceptable to the proposed <br />89 insurer as a base for reissuance of coverage may be used. The prior policy will include copies of all policy <br />90 exceptions and an update in a format acceptable to Buyer from the policy effective date and certified to Buyer or <br />Bu�and Seller 1 ) ( ) acknowledge receipt of a copy of this page. which is Page 2 of 8 Pages. <br />CC -5 Rev. 9/17 ''2017 Florida Realtors` <br />bcersed to Alta Star Software and IDD1021813796 NB1 D 113941 <br />Software and added formatting © 2020 Alta Star Software, all rights reserved. • www.altastar.com • (877) 279-8898 <br />
The URL can be used to link to this page
Your browser does not support the video tag.