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*73
<br />CONTRACT FOR SALE AND PURCHASE
<br />FLORIDA ASSOCIATION OF REALTORS AND THE FLORIDA BAR
<br />PARTIES: xnd3.an itiyax C,tt'L._ �►� 3.� t3a._xi,n►._ Q]i�tP�_ taiai ("Seller")
<br />of 1849 2.5tah age :��_4�1aattt�h� _IQx.:�_. 3�_ (Phone)
<br />and _ La ha _iO . 11.1 th�_t 1 5 �. Sr# � � �. � 9 x11,,(,"Buyer"),
<br />of _s;ac� P,Y.s�.t�«_^.y'� �_._�i►�._.,�. Q (Phone) �tir.5g94...
<br />hereby agreethat Seller shall sell and Buyer shall buy the following Real Propertyand Personal Property (coliedively"Property") upon the following terms and
<br />conditions, which INCLUDE Standards for Real Estate Transactions ("Standard(s)") on the reverse side or attached hereto and riders and addenda to this
<br />Contrad for Sale and Purchase ("Conti -ad").
<br />L DESCRIPTION:
<br />(a) Legal description of Real Property located in Z�.__I� r County, Florida:.
<br />Age -legal deACE itDtLonLxhibA-t-�A11.. tadbed_h�►���_._��ci_.x>����
<br />(b) Streit address, city, zip,ofthe Property is: 1itd_tram t
<br />(c) Personal Property: no,, A-"ened Pat, . ,__ gnt _ g � „'i„ 9
<br />across _,,.....�i. .. _....�ttLL +t�......�!�.9..>�._ • ?
<br />• '1�__._._;K #11W2
<br />'RA '_ 5 SIJ$+=CT1-M--1ND.TAH-AVZA C9UNTAC �'I TSL ,A, PItOVAL __��___
<br />LL. PURCHASE PRICE...................................................................................................................................................... $ ExahanQ .. _
<br />PAYMENT:
<br />(a) Deposit held in escrow by in the amount of ........................ $
<br />(b) Additional escrow deposit within days after Effective Date (as defined in Paragraph III) in the amount of .............. $ p
<br />(o) Subjed to AND assumption of mortgage in good standingin favor of
<br />_ having an approximatepresent principal balance of ....................... S p
<br />(d) Purchase money mortgage and note (see addendum) in the amount of..............................................................................
<br />(e) Other:
<br />(f) Balance to dose byU.S. cash, LOCALLY DRAWN certified or emshier's diedc or third -party loan, subjedto adju%iment-s
<br />andprorations..................................................................................................................................................................... $ Exchanm
<br />ILL TIME FORACCEPTANCEOF OFFER; EFI47kTIVE DATir; FAC.SIMILE: If th is offer is not executed by and delivered to all parties OR FACT OF
<br />EXECUTION conutnunicated in writing between the parties on or before _� Y_ _J,"Ay ,the deposits) will, at Buyer's option, be returned to Buy
<br />-
<br />g___
<br />and this offer withdrawn. The date of Contrad (""Et'edive Date") will be the date when the last one ofthe Buyer and Seller has sigthed this offer. A facsimile
<br />COPY ofthis Contrad and any silhatures hereon shalt be considered for all purposes as originals.
<br />LV. FINANCING:
<br />(a) Ifthepurchage price or anypattofit isto befinanced by a third -party loan, this Contradiseonditionedon Buyer obtain ingawritten eomnhitmentwithin
<br />days after Effective Date: for (ClIECK ONLY ONE- ):E] a fixed; (D an adjustable; or R a fixed or adjustable rate loan for the principal
<br />amount of$ , at an initial interest rate not to exceed %, discount and origination fees notto exceed
<br />% of the principal amount, and a term of years. Buyer will make application within days after Effective Date and use
<br />reasonable diligence to obtain the loan commitment and, thereafter, to satisfy the terms and conditions ofthe comm fitment and dose the loan. Buyer shall
<br />pay all loan expenses. If Buyer faits to obtain the commitment or failsto waive Buyer's rights under this subparagraph within the time for obtainingthe
<br />convnitment the terms and conditions ofthe commitment, then either party thereafter, by written notice to the other, mayeancel this Contrad and Buyer
<br />shall be refhnded the deposit(s); or
<br />(b) The existing mortgage described in Paragraph II(c) above has (CHECK ONLY ONE): (] a variable interest rate; or [] a fixed interest rate of
<br />% per annum. Attime oftitletransfer some fixed interest rates are subjedto increase. If increased, the rate shall not exceed % per annum
<br />Seller shall, within days after Effective Date, furnish a statement from each mortgagee stating principal balance, method ofpayment, interest rate
<br />and status of mortgage, If Buyer has agreed to assume amortgagewhieh requires approval of Buyer by the mortgagee for assumption, then Buyer shall
<br />promptlyobtain the necessary application and diligently complete and return itto the mortgagee.
<br />Any mortgagee dharge(s) not to exceed $ _ shall be paid by Buyer. If'Buyer is not accepted by mortgagee or the requirements for
<br />assumption are not in accordance with the terms ofthis Contract or mortgagee makes a dharge in excess ofthe stated amount, Seller or Buyer may rescind
<br />this Contract bywritten notice to the other partyunless either elects to paythe increase in interest rate or excess mortgagee dharges.
<br />V. TITLE EVIDENCE: At least — days before dosingdate, but no earlier than days after Seller receives written notification that Buyer
<br />has obtained the loan commitment or been a proved forthe loan assumption asprovided in Paragraphs IV(a) and (b), above, or, if applicable, waived the finan-
<br />cing requirements, (CHECK ONLY ONE): Seller shall, at Seller's expense, deliver to Buyer or Buyer's attorney, or�+yeroeesnse4btain,
<br />in n000rdanee with Standard A, abstract oftitle; or X title insurance commitment (with legible copies of instruments listed as
<br />exceptions) and, after dosing, an owner spolicy oftitie insurance.
<br />VL CLOSING DATE: Thistransadion shall be dosed and the deed and other dosingpapers delivered onunless modified
<br />byotherprovisionsofthis Contract. fi�1 1 Pm"t-Fv II
<br />VIL RESTRICTIONS; EASEMENTS; LIMITATIONS: Buyer shall taketitle subjedto: comprehensive land use plans, aoning, restriet.ions, prohibitions
<br />and other requirements imposed by governmental authority, restrictions and matters appearing on the plat or otherwise common to the subdivision; public
<br />utility easements of record (easements are to be located contiguousto Real Property lines and notmore than 10 feet in width as to the rear or front lines and
<br />71/2 feet in width asto the side lines, unless otherwise stated hemin);taxes for year of dosing and subsequent years; assumed mortgages and purchase money
<br />mortgages, if any, (if other matters, see Paragraph XV);provided, thatthere exists at dosingno violation of the foregoing and none of themprevents use ofthe
<br />Property for _ — purpose(s).
<br />VIM OCCUPANCY: Seller warrants that there are no parties in occupancy other than Seller; but, if Property is intended to be rented or occupied beyond
<br />dosiing the fact and term thereof shall be stated herein and thetenant(s) or occupants disclosed pursuantto Standard F. Seller shall deliver occupancyof
<br />Property at time ofdosingunless otherwise stated herein. If occupancy is to be delivered before dosing, Buyer assumes all risk ofloss to Property from date of
<br />oompancy, shall be responsible and liablefor maintenance from that date, and shall be deemed to have accepted Property in its existingeondition asoftime of
<br />taking oompancy unless otherwise stated herein.
<br />LX. TYPEWRIWEN OR HANDWRIWEN PROVISIONS: Typewritten or handwritten provisions, riders and addenda shall control all printed provisions
<br />ofthis Contract in conflict with them.
<br />X. RIDERS: (CHECK those riders which are applicable AND arc attadzed to this Contract):
<br />(a) [J COASTAL CONSTRUCTION CONTROL LINE (e) INSULATION
<br />(b) (J CONDOMINIUM (f) [] "AS IS"
<br />(c) FOREIGN INVESTMENT IN REAL. PROPERTY TAX ACT (g) r] IIOMEOWNERS' ASSOCIATION DISCLOStJRE
<br />(d) VA/ FILA (h) [] RW-- SIj) - NTIA I, AD BASED H RD DISCLOSURE
<br />(i)X Wd,
<br />- .. —
<br />FAIL/BAR-4 Revised 12/95 (C) 1994, Florida Association ofRealtors(R) P.O. Box 725025 Orlando, Florida 32872°5025 All Ruts Reserved Page 1 of
<br />This forret is li=sed for use by ISG -McAllister Publishing 303-546-6355
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