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LTlnr:bleannputingtirisepesiudsaftessUiansix (6)days,Saturdays, Sundaysandstaleornationallegolholidaysshellbeexdudcd. Anytimeperiodsprovided <br />far herein w711dn 911011 and on a Situtdsy, Sunday, or a legal holiday alsoll crland w im p.nn orthe nexthuriness day. Thee is efdre eawenua in this Contract - <br />1 Dootmento farClostng.Seller strati fumishhhedeed, bill ofsale, construction lien affidavit, "Tier'spossessien 91111 mmighnnnts oflcases,trnantand mar- <br />lyfgeoestoppel letters and corrective instruments. Buyer shall fumisli clgaingatatenlent, ntartppgc, nraatpplia nolo, soaurhY agreanledl and fulanicin g almlements. <br />K Rapenses:Dowmdslarystatopsondie deed And recordurgofcvrrediveinstrunrnns shall be paid bySeller. Dowtnhentory sianpsand intangible laxna the pur- <br />Kheat money mortgAge and any mortgage assumed, said recardingofpurdrasonlancy rtrurtgageto Seller, deed and furan ingatalernentsdhollbe paid bythe I:uymr. <br />Unless otherwise provided by lower rider to this Centrad. charges fortlro followingreleled title services, namelylitlo orobstrad charge, lute txm imm'ton, and <br />"Scroaht and doting fee, sli 011 be paid by the panty ieapon Bible far rumidr hs gthe i ice evidence, 41 accordance with Paragraph V. <br />L PsarationslClcdlq:Taxes, assessments, Feet, interest, insurance mid otheretghenit,' ofthe Propertysliallbe prorated UhrougJithe day before dosing Buyer <br />sh A ll h aw'e the option oftaldn g over, r;isitn gp olid es of in su run ce, if swirl sit b Ic, 61 win idh evdsl p r encu nis shall be pro rattd. Cash at domin g di al I be hr ore awed or dc - <br />created <br />c•creased isrtayborequired bypror tions to beruade IJirouds dayptior toclosing or oconpancytfnoahpahcyuoulrs befure dosing Advance rent and occorhydep- <br />ositswill be otedited to Buyee. Escrowdeposits held by roarlgagec hill be ercdhed to Seller. •foxes shall be prorated based on Ufeanrent ycor's taxulth due allow- <br />moc inada for maxinsum allowable distuun% homestead and other cxenptions. Ifdosing occurs of A data when the WFIC111 yew's millspp it not fixed and current <br />year'aasscssmeFitis availabIt, tarns wilt beproraled based upon suds assessolent and prior year's ndiimgc. If Current year's assessrnrnt isnot available, then taxes <br />vvillbeproratedoil prior yesi'ssnx. IfhhereareaonpteiedimprowenFTntsartOleReatPropeftybyJanuary[itofyearofdosingvhhidl mprovenSCrttswvetenot hi <br />ehGsten coon January ld of pfloryt or. Then tee sea 1111611 be pr or ated based upon p6oryenr'sndllage old 'ton equitahlemmtswrnent to be agreed upon brtweendlo <br />parties, rail ingwilidn, requeltalsalibe mod ato the C"iltyPropedy Appraiser fur art infornc1lassessinenlIAkingInto account available exonption I. Atexprora- <br />tion based an anestimstedlIll. at request ofeithor party, be readjusted upon rewiptoftit xbiit oil condition shat a stalenteolto that co athmigned at dosing <br />ht SpedalAnessmentL.lrnaXertiGed, mnfirnxd andretifsed specisI issessnurht;ion sas ofdate nfdosiug(not is cffiQcoivtDate) are to be paid by Seller. <br />Poseina.lions aserdsleofdosbigsiisit be assumed byBuycr. lithe improvencntbasbees :ubdantiallyrosrpSrcS a:afEOcGivs Date. anypmdingIian shalIba <br />considered outified, con ftsued orratified and Seller slim It, atdosutg bad largest Lit Amon Iegtiallodie lasiedisnaleorassessnlrnlfbfthe in4irovemcritbythe <br />pubilebody. <br />N. Inspection, Repalrrwd biabatansire:Scller warantsth at, ms of Iodayspilaf to dosing. Ute cc ithsg roof(in dud bh gthermsdo and so 11(s) codcrior slid h- <br />teriorwilla, foundation, semwaalls (or equivalent) end doafsmgo do not ha" any VisibIt Evidence afleske, water damagtaI structural donunge and that the septic <br />bualc,p a al, at I app I imicu, niechanical Roars, It eat in& wolingelecurical,il Ill lobings5stents mid Fluids in Mara in Working CosdRion. Ilit forego big werrmty all all <br />beIunited to the itcnuspeciftcd unless otherwise provided in mad deridurri Buyer 1113y, at Bnyer'serllensc, have inspediona »udeofdlase itennbya fimsor ind- <br />ividual special itingin ]tome inspedions and hold ingan ormpation &I liccnso foroudi purpose (irrequired) orb yan appropriately licensed Florida conliador, <br />puyerahall, prior to Myer'a owlparicy or not less than Sod syzpriorto dosing whidievcrocusrs first, report in writingio Stater such dorm tit at do not meet the <br />above standards situ defeds. Ualeas Bu}Cr timelyreportsiudi defeds, Huyersliallbcdeeuud to leave waived Seller's warranties nista defedsnot reponed. Irra- <br />psirsor repl mnientearerequredla tnr1, IywidiNi S^tond:rd.Solter shall cuss thcnnto be aside and F&II pay up to Ute mloulintpnoviJeJ in Pahagrapin iiili(b), <br />Sellcris not requiredto snake repaha or replaoenualsare comndionature unless caused byadefed Seller is responsiblcto repairer rrp1aco. Ifthe cost far muds <br />repairorrep lsoennentexceeds the arnountprovidrdin ParagmphYlll(b). I3uyYrorSeller nwyeladbapayaudiexcess, foilingwllids thfifrparty111AyranCelthi9 <br />Centrad-. IFSellerisunahleta coned the defedspriorto dosing the aostthereafshol)bepsid into sacrowat dosing Seller shall upon reasonable notice, ploride <br />utilities mervim andsoeas to the Propertyfor inspections, hsdudingawalk3hraupjr prior to dosing to cortkrtntlal all ttenss of Personal Propalyare on the Real <br />proptAyand, subjedtatlhe forcgeing,that ail required repairs endreplaaeirmi sbavebecn madeslnd thattheProperty, bnduding,butnotlinsitcdto, Iawu, shrub- <br />bery mad pool, ifany,lhsalicen maintained'bithccunditioa etdstingas ofERe Live Date, oadbharywenr and tsar cxFapled, <br />O. RlskorLan:lfthe Propertyiscismaged byfsre or other asuohy beforedollogmsd mat ufrestoradan daesnot exceed 3% ofibe Aeceared vAlltslicn orthn <br />Properlyso damaged, costofrcituration slrallbean obligation oftic Seller and dosingshall proceed pursusttiotheterma ofthii Contradwith reatontion costs <br />escrowed at dosing Ifthe easier restoration exceeds 3%ard%c assessed valuation orlhepropertyso damaged. Buycrahallhsve the option ofeitber tailing the <br />propenyssis, togeiherlvitls eitherthe3%Firmly insurance proceeds payable byvirtueofsucr lose ordaringe,orofcanaelingthis Contract and receivingreturn <br />oftha deposh(s), <br />P. pserreds of5ales fdaslne Piocedusr:7he deed shaliberecorded upon dcuanocoffirnds. Ifan aboradortitlahas been furnislioC evidence oftitledial' be <br />continued at Buyer's expenacto dnowfitlt in Buyer, withoutanyrnonmbrmcealis dhurgewhidh would render Seller's title unnlarknsbleGamthe dsteofthe Inst <br />evidence. All dosingprooccdaaha'1 beheld in escrow by Seller's auomeyor other ttnttuallysohaptable escrow agentCor a period ofnol trnarc than 3 days alter dos- <br />ing dale, if&eller'i title is rendered unmarketable, throultt no fault. of Buyer, fluyxr shall, widhin the _5-d Ayperiad, nolil`�Scller in writingofthe defect slid Seller <br />shay have 30days Gomdaleof receipt ufsudi notthcationtoture Ole defect. 1fSellerfails to timelyclire the defc�t,all deposits) and dostngfunds dtall, upon <br />waster denhand by Myer and within Sdays after demand, be returned to rluya and. simultaneously with audi repayincirs, Buyer shall return die Personal Fruit - <br />city, vacate the Real Property and remnvey the Property(i) Seller by syhedal warranlydeed mod bill of sale, if Buyer fells to make tinielydemand for refund. Buyer <br />01 all take title as it,wmitNgaflrgjrtaagainstSellersiloawryintUlclhtgdefectexceptIsmaybeaVailmbletoBayerbyvirtueofwarranties contained in the deed <br />or bill ofiele. Ifapastion ofilhe purdhsic prive is it bederivcd hour institutional hnanursgorrefusnncing requirenxnts orate lardingbiahtlutivrh aslo place, Iinw <br />ofday and procedures for dosbhg and for disbursanent ufnlortgage pramcdsshall control over cantrarypravision in this Contract. Seller shall have Use 741 to <br />require komdie l ndinginstilution a writters oana sitmcnttllat d will riot withhold disbursementofnwdgage proceeds as a resultof my title defect Attributable to <br />Buycl-snodgagor. 'she escrow aid doaingprocedure required by tin is Standard shall he waived if dretil'e agent insurer adverse inatiers pursuant to Section <br />677.7&71, ES., asaFocus ded. <br />Q. Pacrow:Any ea row egettl("Agent") receiving funds or equivalent it mudsorized and agrees byscoptancearOsernto deposit them promptly, hold tonic in <br />estrowand,subjedtodearmia:,disbursethembsacmrdanoswith term and conditions ortilisCanlrad. FAilureoffimdslodeArslha'InolexnrseBnycr'apetfa(- <br />mance. Kin doubt situ Agent's duties or liahllitics underlie prowisiuns ofthis Conrad, Agent easy, at Ageul'soplian, coultnae to hold the subject mallet afthe <br />escrow until the partial hereto egret to its 619burenicrit ar until a judgehncnt of$' court ofeentrrdent jurtadldiun shall ddernhine the ri its ofthe pmnics, or <br />A®rattnuy depamit almowith the dark ofibe circuit court hovingjurisdidion ofthe dispute. Upon notifying all pe.rties concerned ofsudt action, all liability oto Ile <br />part ofAgmtdnallfillyterrrunDie, except to the e4cruoCa000untingrorany rtentspreviouslydeliveredout ofcicrow.Ifelicruwdreal estate broker, Agaltwill <br />currplywith provisionsorcliapler 473, F.S., aasmmded, Anysuit between Buyer And Seller wwherc n Agent is suede a party because ofadingasAgent hereundes, <br />of in any inshWictchAgent bnterpieadsthe aubjedroad" oftheescrow, Agent aliall recover reasonable attorneys fees wid costs incurred with theso arnountoto <br />bepaid koro and out ofthe escrowed fundi or equivalent and charged And Awarded as Court costs in favor ofthe prevailing party. 7heAgent thoilriot be Ilmbleto <br />anypotlyor person for misdelivery to BuyFrofSeller ofitems subjedlothe escrow, antras Audi nusdc'iveFy is due to willful btomda afdheprovisiuns oftitis Can• <br />iraol or gars n egligssar of A&ML <br />R.Atiomey'sFees; (llaiatinAny litigration, indudingbraads,m1laccnxntorinterpretation, arising out ofllhisContract, the prevAilhrgpadybnsuch lltipptlon, <br />wliids, for purposes ofthis Standard, shall include Seller, Buyer And anybiokers ad.ing Ira mgmeyor nonagency relotionshipi authorized by Chapter 415. F.S., as <br />amended, shall bee thitd to recover from thanan3urevaiMgpartyrtssannlsle sltorncy's fees, costs and experiscA. <br />S, Falltus of Festoloraunoei lr Buyer fails to perform shim Contract within Che bale specified„ indudhogpaylociet ofall deposits, the deprok(s) paid by Myer and <br />depoeig3)agreedto be paid, maybe recovered end retained by and for Ile account ofScller as agreed upon liquidated dermgoo,consideration farthe execution of <br />thisCarltrad and in fisllscule hent orallydohnns; wlertnpon, Buyer and Seller rlall berelieved Grail obligations under tit isContrad; or Seller, at Settees option, <br />Fray proceed in cquityto enforce Seller's riSrts under Otis Contract. ]flat any reason odref than failure ofScller to nuke Seller's tale nurkerubleafer diligent <br />elfo;% Seller fall9,neg'eds or refuses toperfotm Otis Contract, the Buyer lnayseek specirheperfanrunce or elcd to rcwi%,o the return of Buyer's deposit(s) <br />with a u t tilaeby wa ivin g on y action fa r d Anlages result in g Goin Selites bread i. <br />T, Contract not He ill persons Boundt Nod e: Neithar ill isCon sradnar myna lice afit slsaII be raoardcd in An y p ubl ic record I. This Contract Ili all bind <br />and inure to thebest e&toftha partiesark d Ill air auooessorsin uttered. %kliesaver di a oil it tell IFemuts, singular sha!Iinduda pill rat and artegender air &II indud a ill. <br />Noliwgiven by or totha@uorneyror anypaFly Its a11beaaeQedNO asifOvan by or to UtatPat ty. <br />U. CbrsveyancetSol let all all conveyINa to OFaRaaI PF op arty by statutory we Fretsty, Iniate I, peroonat rep resentalIve'a or Iia andiaR sdeed, at Opp topriate tolha <br />status a f Sol ler, subject on I to mau cis conte in ed in Pere graph V I I an it OF ose Odicrvi3c mcccpled by lluyer. Person at PropeHy sh AS 1, at th e request of t h a Pit yet, IF e <br />ironsferred byan absolute bill ofsalawith wares lly oflitte,suhjtd ark lyIasuds inatlas as nswybeadieMAC provided for herein. <br />V. ()iherAgreerr anls:No prior a present agrcenienu or represent ation a Ali all babi ndingupan Buyer or Seller on less indud ed in Uric Contra d. No nimadikcntion <br />to arctanIt: in this Centrad shall be valid orbi nd'utgupan 01cpsFlits unIars to vwhingend exentled IFydie pany or partiestntell dcd to be bound by it. <br />W, Wai ranty:Seller wartknuthetdiere ase no fads )Me" to Seller materIoily alrcdingOle valucaftlhe Pfopeny whids are not readily ob&evablc by Buyer or <br />wbidi havenotbeen disclosed to Buyer. <br />71to Florida Amodstfon ofRealtoro and local BoardlAssegalion oFReAltorsmmkc no represitistAlion as to the legal validilyor adequacy of <br />anypravialon orthir lasso In my specific transaction. Ibisstandardimd farnshould not be used in usimplex truisadioasor wvith extensive <br />riders or additions. 'iiia form is available Inc use by the entire reef estate industry and is not intended to identify die user as a <br />REALTOR(R). REALTOR(R)itaregistered wllcdivomurhbesshtpnnarkdhalmaybeused onlybyteelestate literates wilearcnlenhbcrs <br />ofthe National Association of REALTORS(R) andwbo subscribe to its Codeol-rdlim. iecopyridntlaws ofthe United States (17U.S. <br />Code) forbid the unauthorized reproduction o Bb' ask forms by un y mcens including foosimile or warp uterimil rc rows. <br />FAiUBAJt 4 IV95 Gopyrign 1993, Florida Amodotinn ofResliors(R) P.(y, 13ax723tyi3 Orlando, Florida 32M -5W$ All RiANU Iteserved Page of 3 <br />This form is licensed far use bylSU•hicAllhtar Pliblislliog 301-54"353 <br />