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<br />TTS FOM HAS SIMN APPROVED 6Y THE FLOR10A
<br />PARTIES: LOiVEI,L H. WELLS, an mirrarried adult__ -
<br />w_ 2626 2Qth Avenue. Vero Beach, Florida 32960_ __
<br />and INDIAN RIVER COUNTY, a Political Subdivision of the State of Florida (•S,�)
<br />of.. 1840 25th Street, Vero Beach, Florida 32960 _ (Phone)_.
<br />hereby agree that Seller shall sell and Buyer shall buy the following described Real Properly and Personal Property (collectively "Prooe.tV) upon the following terms and conditions, which
<br />Include Standards for Real Estate Transactions ('Alanda[d(e)") on the reverse side hereof or attached h 1 d id d rid rid i
<br />e he o an r are an a e a to th s Cori ler Sale and Purchase (Sdwira
<br />DESCRIPTION:
<br />(a) Legal description of the Real Property located in Indian River County, Florida: Lot 8, Block 5, BOOKER T.
<br />WASHINGTON ADDITION TO THE CITY OF VERO BEACH_, according to the plat thereof
<br />recorded in Plat Book 2, Page 34, Public Records of St. Lucie County, Florida.
<br />(b) Street address, cN zip, of the Property Is: 2626 20th Avenue, Vero Beach Florida 32960
<br />(c) Personal Property: None
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<br />ft. PURCHASE PRICE: ......................................................................................................................................................................................................... $ 18,500.00
<br />PAYMENT:
<br />(a) Deposit held in escrow by in the amount of ...... $ 0
<br />(b) Additional escrow deposit to be made within _ days after Effective Date (as defined in Paragraph III) in the amount of ................................ $ __-- 0
<br />(c) Subject to AND assumption of existing mortgage in good standing in favor of
<br />having an approximate present principal balance of ................................. S 0
<br />(d) Purchase money mortgage and note to Seller (see addendum) in the amount of.................................................................................................... $ _ 0 _
<br />(e) Omer: $ 0
<br />(Q Balance to Gose by U.S. cash, LOCALLY DRAWN certified or cashiers check or third -party loan, subject to adjustments or prorations ............... $ 18,500.00
<br />111. TIME FOR ACCEPTANCE OF OFFER; EFFECTIVE DATE; FACSIMILE: II this offer is not executed by and delivered to all parties OR FACT OF EXECUTION communicated in writing
<br />between the parties on or before , the deposit(s) will, at Buyer's option, be returned and this offer withdrawn. The date of Contract ("Effective Date") will
<br />be the date when the last one of the Buyer and Seller has signed this offer. A facsimile copy of this Contract and any signatures thereon shall be considered for all purposes as originals.
<br />IV. FINANCING: N/A
<br />(a) If the Purchase Price or any part of it is to be financed by a third -party loan, this Contract is conditioned on Buyer obtaining a written commitment within __ days after Effective
<br />Date for (CHECK ONLY ONE): U a fixed; U an adjustable; or U a fixed or adjustable rate loan in the principal amount of S , at an initial interest rate not to
<br />exceed _ %, discount and origination fees not to exceed _ %of principal amount, and for a term of -- — years. Buyer will make application within _ days after Effective
<br />Date and use reasonable diligence to obtain a loan commitment and, thereafter, to satisfy terms and conditions of the commitment and dose the loan. Buyer shall pay all loan
<br />expenses. If Buyer fails to obtain a commitment or fails to waive Buyers rights under this subparagraph within the time for obtaining a commitment or, after diligent effort, tails al meet
<br />the terms and conditions of the commitment, then either parry thereafter, by written notice to the other, may cancel this Contract and Buyer shall be refunded the deposifails to
<br />or
<br />(b) The existing mortgage described in Paragraph 11(c), above, has (CHECK ONLY ONE): O a variable interest rate: or U a fixed interest rate of q% per annum. At time of title
<br />transfer, some fixed interest rales are subject to increase; if increased, the rate shall not exceed % per annum. Seller shall, within — days atter Effective Date, furnish a
<br />statement from each mortgagee stating the principal balance, method of payment, interest rate and status d mortgage. If Buyer has agreed to assume a mortgage which requires
<br />approval of Buyer by the mortgagee for assumption, then Buyer shall promptly obtain the necessary application and diligently complete and return it to the mortgagee. Any mortgagee
<br />charge(s) not to exceed $ shall be paid by Buyer. If Buyer is not accepted by mortgagee or the requirements for assumption are not in accordance with
<br />the terms of this Contract or mortgagee makes a charge in excess of the stated amount, Seller or Buyer may rescind this Contract by written notice to the other party unless either
<br />elects to pay the increase in interest rete or excess mortgage charges.
<br />V. TITLE EVIDENCE: At least 5 days before closing date, but no earlier than days after Seller receives written notification that Buyer has obtained the loan commitment or
<br />has been approved for the loan assumption as provided in Paragraphs IV(a) or (b), above, or, if applicable, waived the financing requirements, (CHECK ONLY ONE): J Seller shall, at Sellers
<br />expense, deliver to Buyer or Buyer's attorney; or XJ Buyer shall at Buyers expense obtain (CHECK ONLY ONE): 'J abstract of title; or 3 title insurance commitment (with legible copies of
<br />instruments listed as exceptions attached thereto) and, atter closing, an owners policy of title insurance.
<br />VI. CLOSING DATE: This transaction shall be dosed and the deed and other closing papers delivered onC��Wes igoo r, provisions of this Contract.
<br />VII. RESTRICTIONS; EASEMENTS; LIMITATIONS: Buyer shall take title subject to: comprehensive land use`p'jan's', zoning, restdc8onss..prohibr ons and other requirements imposed by
<br />governmental authority; restrictions and matters appearing on the plat or otherwise common to the subdivision; public utility easements of record (easements are to be located contiguous to
<br />Real Property lines and not more than 10 feet in width as to the rear or front lines and 7 1/2 feet in width as to the side lines, unless otherwise staled herein): taxes for year of closing and
<br />subsequent years; assumed mortgages and purchase money mortgages, if any (if additional items, see addendum); provided, that there exists at closing no violation of the foregoing
<br />and none prevent use of the Property for i t S current llS e _ purpose(s).
<br />Vlll. OCCUPANCY: Seller warrants that there are no parties in occupancy ether than Seller: but if Property is intended to be rented or occupied beyond closing, the fact and terms thereof
<br />and the tanani(s) or occupants shall be disclosed pursuant to Standard F. Seiler shall deliver occupancy of Property to Buyer at time of closing unless otherwise stated herein. It occupancy
<br />is to be delivered before closing, Buyer assumes all risks of loss to Property from date of occupancy, shall be responsible and liable for maintenance from that date, and shall be deemed to
<br />have accepted Property in its existing condition as of time of taking occupancy unless otherwise staled herein.
<br />IX. TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions, riders and addenda shall control all printed provisions of this Contract in conflict with them.
<br />X. RIDERS: (CHECK those riders which are applicable AND are attached to this Contract):
<br />(a) U COASTAL CONSTRUCTION CONTROL LINE (d) U VA/FHA (g) J HOMEOWNERS' ASSOCIATION DISCLOSURE
<br />(b) U CONDOMINIUM (e) U INSULATION (h) J RESIDENTIAL LEAD-BASED HAZARD DISCLOSURE
<br />(c) U FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (f) X1 "AS IS- (1)
<br />XI. ASSIGNABILITY: (CHECK ONLY ONE): Buyer J may assign and thereby be released from any further liability under this Contract; U may assign but not be released from liability
<br />under this Contract; or U may not assign this Contract.
<br />XII. DISCLOSURES:
<br />(a) Radon is a naturally occurring radioactive gas that when accumulated in a building in sufficient quantities may present health risks to persons who are exposed to it overtime,
<br />Levels of radon that exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding Radon or Radon testing may be obtained from
<br />your County Public Health unit.
<br />(b) Buyer may have determined the energy efficiency rating of the residential building, it any is located on the Real Property.
<br />(c) If the Real Property includes pre -1978 residential housing then Paragraph X (h) is mandatory.
<br />XIII. MAXIMUM REPAIR COSTS: Seller shall not be responsible for payments in excess of:
<br />(a) S N/A -AS IS for treatment and repair under Standard D (if blank, then 2% of the Purchase Price).
<br />(b) $ N/A - AS IS for repair and replacement under Standard N (if blank, then 3% of the Purchase Price).
<br />XIV. SPECIAL CLAUSES; ADDENDA: If additional terms are to be provided, attach addendum and CHECK HERE&
<br />THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEKTHE ADVICE OF AN ATTORNEY PRIOR TO SIGNING.,
<br />THIS FORM HAS BEEN APPROVED BY TI DA ASSOCIATION OF REALTORS AND THE FLORIDA BAR.
<br />Approval does not conselule rhn opinion that any of the terms and d f nn= �•^-r Sh-- td be - „ t „ „y -- path- w a particular transaction. terms and conditions should
<br />'be negotiated based upon the respective interests, objectives and bargaining positrons of all interested persons.
<br />INDIA TVER CO RIGHT 1995 BY THE FLORIDA BAR AND THE FLO D SOCIATION OF REALTORS
<br />(Buye . �N. MAGf CHAIR AN Date � .—
<br />Isaller) we e S (Date)
<br />Social Seca iri(y or Tax I.D. q _ Social Security or Tax I.D. » 228-20-6%55
<br />(Buyer) (Date) (Seller) -._---. - -. -
<br />(Dale)
<br />Social Security or Tax ID. 'k _ Social Security or Tax I.D. tl
<br />Ueposa under Paragraph 11 (a) received; IF OTHER THAN CASH, THEN SUBJECT TO CLEARANCE. - -__ _ _. (Escrow Agent)
<br />BROKER'S FEE: The brokers narned below, including listing and cooperating brokers, are the only brokers entitled to compensation in connection with this Contract
<br />Name N/A N/A
<br />Listing Broker - - - -- - -- - - - - - -
<br />Coopertinq Broker .. if any
<br />. -4
<br />r., 1' ( m r...,t.. f.J.,...-..._.,.., . _i ..�,. 1... .., ;..,u ,mow - — --
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