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CONTRACT FOR SALE AND PURCHASE
<br />FLORIDA ASSOCIATION OF REALTORS AND `f HE FLORIDA BAR
<br />PARTIES: ...__ _.._ __.^_... __,Lot ,��]�.�1t_at141_..�mi�����.�.�_,__....11;►!�.��e�►.,...__h�,It_.�1�1�� _W.w._._ �._ _._._ ('°Seller")
<br />of 20 Miraela Pl±�,at � h._ �' .9 idt�.__ _ �5�.. (Phone) �_(. L���(i��.►
<br />and Indian ty . oliti-01--amb-mi SIVA—Q. Cha S t; � w t . o_ t"__. _— (tBuyer ")+
<br />of 18�® 2' h. t4 .. 1 ._ altl h._. ►tt,1C .4 t,�_ f Q.__._ .�......_ _..- (Phone) ._. � ��Li Z-8000
<br />hereby agreethat Seller shall sell and Buyer shall buythe followingReal Propertyand Personal Property (collectively "Property") upon the foilowingterms and
<br />conditions, whist INCLUDE Standards for Real Estate Transactions ("Standard(s)") on the reverse stele or attached hereto and riders and addenda to this
<br />Contrad for Sale and Purchase ("Contract").
<br />L DESCRIP'T'ION:
<br />(a) Legal description of Real Property located in r Indian._$kVpr- _- Chanty, Florida:
<br />Sac laical dascrip�..Xh.bi '►�" attahad.� �ad__iI4� ,1 �..__h�Q,___ ___
<br />(b) Street address, city, hp, ofth e Property is: _ � 1ffit reet��_ ght—a�"—Way .CountY_.PX.�
<br />(c) Personal Properly: Nona . A-1 ion Ie1 #13..L—C-9.zit4
<br />acros Ryan exchange Say► � kttaahed_ n to C.Q Ac_t fczr B 1* and 2urahaaa
<br />PZJMBA NO'1'IS St)D, ,C1T_ TQ INDIAhi IVEi _.C_OUNTX FINAL APPROVAL
<br />MPURCHASE PRICE...................................................................................................................................................... $ Exchange
<br />PAYMENT: Exchange --
<br />(a) Deposit held in escrow by _ in the amount of ........................ $ 0
<br />(b) Additional escrow deposit within days after Effective Date (as defined in Paragraph III) in the amount of .............. $ 0
<br />(c) Subject to AND assumption ofmortg;tge in good standingin favor of
<br />having an approximate present principal balance of ....................... $ 0
<br />(d) Purchase money mortgage and note (see addendum) in the amount of.............................................................................. $ 0
<br />(e) Other: $
<br />(t) Balanoe to dose byU.S. cash, LOCALLY DRAWN certified or cashier's chedcor third -party loan, subjedto adjustment`s
<br />andprorations..................................................................................................................................................................... $_____ZXChAn_aQ
<br />IH. TiME 1K)RAC:C1?,FI'ANCY.OFOF147M-, irhT+'FWTIVRDATE; PACNIMiLE: ifthis offer is notexecuted by and delivered to dI1 parties OR FACT OF
<br />EXECUTION unmmunicated in writing between the parties on or before _ _��� daYta , the deposit(s) will, at Buyer's option, be returned to Buy-
<br />er and thisoffer withdrawn. The date ofContrad ('74ective Date") will be the date when the last one of the Buyer and Seller has sign edthis offer. A facsimile
<br />copy ofthis Contract and any signatures hereon shall be considered for all purposes as originals.
<br />IV. FINANCING:
<br />(a) Ifthe purchase price or any part ofit isto be financed by a third -party loan, this Contract is oonditioned on Buyer obtain ingawritten conmhitmentwithin
<br />days after Effective bate for (CIIECK ONLY ONE): Q a fixed; [ Y] an adjustable; or [-] a fixed or adjustable rate loan for the principal
<br />amount of$ , at an initial interest rate not to exceed %, disouunt 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 conwi tment and, thereafter, to satisfy theterms and conditions ofthe commitment and dose the loan. Buyer shall
<br />pay all loan expenses. If Buyer fails to obtain tiheoommitment or fails to waive Buyer's rights under this subparagraph within the time for obtaining the
<br />commitment the terms and conditions ofthe oommitment, then either party thereafter, by written notice to the other, mayean©el this Contract and Buyer
<br />shall be refunded the deposit(s); or
<br />(b) The existing mortgage described in Paragraph II(c) above has (CIiECKONLY ONE): 0 a variable interest rate; or ❑ a fixed interest rate of
<br />per annum Attime oftitletransfer some fixed interest rates are subject to 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 agreedto assume a mortgagewhidh requires approval of Buyer by the mortgagee for assumption, then Buyer shall
<br />promptly obtain the necessary application and diligently oomplete and return itto the mortgagee.
<br />Any mortgagee charge(s) not to exceed $ _ shall be paid by Buyer. If Buyer is not accepted byrnortgagee or the requirements for
<br />assumption are not in acaordaneewith the terms ofthis Contractor mortgagee makes a charge in excess ofthe stated amount, Seller or Dyer may rescind
<br />this Contradbywritten notice to the other partyunless either elects to paythe increase in interest rate or exoessmortgagee charges.
<br />V. TITLE EVIDENCE: At least days before dosing date, butno earlier titan days after Seller receives written notification that Buyer
<br />has obtained the loan commitment or been approved for the loan assumption as provided in Paragaphs IV(a) and (b), above, or, if applicable, waived the finan-
<br />cing requirements, (CHECK ONLY ONE): [_1 Seller shall, at Seller's expense, deliver to Buyer or Buyer's attorney, or X Buyer shall at Buyer's expense obtain,
<br />in accordance with Standard A, M abstract oftitle; or X title insurance commitment (with legible copies of instruments listed as
<br />exceptions) and, after dosing, an owner's policy oftitle insurance.
<br />VI. (DOSING BATE: Th is transaction shall be dosed and the deed and other dosingpopers delivered on orZ� unless dified
<br />by other provisions ofthis Contract. 'rmtiV@uawnt' III'°
<br />VIL RESTRICTIONS; EASEMENTS; LIMITATIONS: Buyer shall taketitle subjedto: comprehensive land use plans, zoning, restrictions, 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 reoard (easements are to be located contiguousto Real Property lines and not more than 10 feet in width as to the rear or front lines and
<br />71/ 2 feet in width as to the side lines, unless otherwise stated herein); taxes for year of dosing and subsequent years; assumed mort&iges and purchase money
<br />mortgages, if any, (if other matters, see Paragraph XV); provided, thatthere exists at dosingno violation ofthe foregoing and none of themprevents use ofthe
<br />Property for _ road ,ugh,--��____— -- - w purpose(s).
<br />VIII. OCCUPANCY: Seller warrants that there are no parties in oompancyother Chan Seller; but, if Property is intended to be rented or occupied beyottd
<br />dosing, the fad and terms thereof shall be stated herein and thetenant(s) or occupants disclosed pursuantto Standard F. Seller shall deliver oecupancyof
<br />Property at time ofdosingunless otherwise stated herein. If occupancy isto be delivered before dosing, Buyer assumes all risk ofloss to Property from date of
<br />oompaney, shall be responsible and liable for maintenance from that date, and shall be deemed to have accepted Property in its cxistingoondition as oftime of
<br />taking oompancyunless otherwise stated herein.
<br />IX TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions, riders and addenda shall control all printed provisions
<br />ofthis Contract in oonflict with them.
<br />X„ RIDERS: (CHECK those riders which are applicable AND are attached to this Contract):
<br />(a) [:] COASTAL CONSTRUCTION CONTROL LINE (e) E] INSULATION
<br />(b) ❑ CONDOMINIUM M 0 "AS IS"
<br />(c) FOREIGN INVESTMENT IN REAL, PROPERTY TAX ACT (g) �] HOMEOWNERS' ASSOCIATION DISCLO`�;1RE
<br />(d) ❑ VA/ FHA 01)(� RE Ill L BA � ,�4"C SURE
<br />_ FAR/BAR-4 Revised 12/95 (C) 1994, Florida Association ofRealtors(R) P.O. Box725025 Orlando, Florida 32872"5025 All Rights Reserved Page 1 of
<br />}f. This form is licensed for use byISO-McAllister Publishing 303-546-6355
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