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<br />CONTRACT FOR SALE AND PURCHASE
<br />F► ORIDA ASSOCIATION OI' REALTORS AND Till: FI A)RIDA BAR
<br />PARTIES: .---...B1lslnr_RaY ROUntr44. Jr, - ("Seller")
<br />___�5f6_laL�tss+t__SN._Vero A4a9h._lloridet 32968 gip'""`) (Sbl) 549-2040.
<br />and �.Yth8t�te of riorida-- - -8""0-_
<br />,000.
<br />of _A&Y4r9&s&ch.ll9sia 32961-. (n
<br />.h )d
<br />ia
<br />hereby �IAall buy
<br />nfiallov%ingReal Property and Personal
<br />esie posl
<br />condtionwhidnNCLUDEStandard for Real drrattachedhereladrideraneddendstots
<br />Contract for Sale and Purdmase ("Contract").
<br />DFSCRIPT10N: Florida:
<br />County, (a) Legal description ofReal Propedylo(sted m _Addict 1AiY,r--.- __. --
<br />(b)Stredaddroas,cityrgr-ofthePropettyis:
<br />,... _u s.... -A vassal Ne. 203. 00!►tiiII�flQ�2.a-i�.Q-EII��''�--��5'--e--�-"'-�i��
<br />IatertdA dilth on fhc ontInUS to south side of Oslo Road (will bei provided. -;'- �(/d s t nO l� �"` �7 -
<br />L PURCHASEPRICL+ '%1F` . t�UrfK ..l[Gt k4 �Q4T/Cln�r . rR..F+11J!`Qc7�ltfll i .rl f/�rtl�t Ni/� S `q O.W
<br />PAYMENT: O� AV -411' p2 m the amount of ........................ S _
<br />(a) Deposit held n escrow by _ 0 -
<br />- - ------
<br />(b) Additional escrow depositwilhin_day.a fterVffediveDate(asdefinedinPuagraphlll)intheamountof.............. S` —_
<br />(c) Subjed to AND asaumption of mortgege in good standingin favor of-----
<br />having
<br />f_having an apprommatepresedprincipalbalance of .......................
<br />(d)Purinesemoneymmrtgageandnote(seeaddendum) inthe amount of..............................................................................
<br />(a) Other: - ---
<br />(t) Balance to dose by U.S. ea (n, LOCALLY DRAWN eetnfied or cashier's dnedcor th ud{n arty loan, subjedto adjustments S 90.OQ -
<br />and prorations...................................................................................................................................
<br />� MOC
<br />III f FORAOCEPfANCEOPOFFFR;EFFE(TIVEDATEFAGSIhIILP:IfthisofferisnotexecutedbyanddeliveredtoallpartiestSRFACI'OF
<br />ETyCUTIONcommunicatedmwritmgbetweenthe parties onorbefore — 15 riasi—•the deposit(s)will,at Buyer's option,berdumedtoBuy
<br />erand this offer withdrawn. The date ofContrad("E(fectiveDate") mill bethe date when the last one oftheBuyer and Seller bassignedthis offer. A facsimile
<br />ceovofthisContradand anysignatureshereonshall beconsidered for all purposesasoriginats. ,Q/rier�vuy�yfii/a/QPP/'bdO'/
<br />PleawNoir t This 6w,f"acf 4r Sub,item !o IHdarr
<br />TV. FINANCING:
<br />(a)Ifthepurdmaseprimoranypartofilistobefnancedbyath'vd-parlyloan,thisContractisconditionedonBuyerobtainingawritten oamnitmentw�thm
<br />da after Effective Date for (CHECK ONLY ONE): ❑ a fixed; ❑ au adjustable; or ❑ a fixed or adjustable rate loan for the principal
<br />amount ofS , at an initial interest rate not to exceed -
<br />_ °o, discount and origination feesnottoexceed
<br />% of the principal amoun4 artd a term of years. Buyer will make application within days after Effective Date and use
<br />reasonable diligence to obtain theloan commitment and,thereafler,to salisfythetermsand cenditionsofthe&;n tment and dose the loan. Buyer shall
<br />pay all loan expenses. If Buyer fails to obtain theeomn tmentorfeilalowaive Buyer's rights under this subparagraph withinthe timefarobtaininga
<br />commitment or, after diligent effort, fails to need the terms and conditions ofthe co mtitment,then eitherpany thereafter, by written notice to the
<br />other, maycancel thisContrad and Buyer shallbe refunded thedeposit(s); or
<br />(b) Time e;d;w,g mortgage described in Paragraph 11(c) abovebas(CHECKONLY ONE): [j a variable interest rate; or ❑ a fixed interest rate of
<br />_%perannum.Attimeoftilletransfersome6xedinterestratesaresubjectloincrease.Ifincreased,therateshallnotexceed__ oper annum.
<br />Sellershall,w(thin days after ER'ediveDate, ibmishastatement from each mortgagee stating principal balance, nx4hodofpayment•interest rate
<br />and status of mortgage. If Buyer has agreedto assume amortgagevvbidn requires approval of Buyer by the mortgagee
<br />for assumption, then Buyer shall
<br />promptly obtain the necessary application and diligently complete and return it to the mortgagee.
<br />Any mottgftgx
<br />dmarg (s) not to exceed S shall be paid by Mayer. IfBuyer is not accepted by mortgagee or the requirements for
<br />assumption are not in accordance with the terra ofthis Contract or m P mygagee makes a charge in excess ofthe stated amount, Seller or Buyer may rescan
<br />this Contradbywrittennotice totheotherpartyunlemeithereledsto a the increase in interest rate or excess mortgage charges.
<br />V. TITLEEVIDENCE: At least days before dosingdale,but noearlier than days after Seller receives written notification that Buyer
<br />has obtained the loan commitment or beat approved for the loan assumption as provided in Paragraphs IV(a) and (b), above, or, ifapplicable, waived the fin an-
<br />cingrequiremants,(CHECK ONLY ONE): [] �S�eller shall, atSeller's expense, deliver toBuyer orBuyer's attorney,or>( Buyer shall atBuyeesexpenseob[aum.
<br />in accordance with Standard A,,(¢jlfjC'>f;/>s)VffofIl: N abstract oftitle; or X title insurance tnrmnitmenl (with legible copies of instruments listed as
<br />exceptions)and, after dosing an owneespolicy ofthic insurance.
<br />gp P O= befOL4-60 da v� unless modified
<br />by CLOSING DAT this, s transaction trac- shall be dosed and the deed and other dosis a ers delivered o� "Effective BffW' (See III )
<br />bvotherprovisions oftlais Contract-
<br />VII. RESTRICTIONS;EASEMENTS;LIMITATIONS: Buyer shall take title subject to: comprehensive land use plans, zoning, restrictions. prohibitions
<br />and other requirements imposed bygovennmentalauthority,restridionsand matters appearing on theplal or otherwise mmmontothe subdivision; public
<br />t Real Proert lines and not more than 10fedinwidthastotherearorfrontlinnesand
<br />utility easements of record (easements are to be located conLgwus o p y - - mey
<br />7 1/2 fed in width asto the side lines, adessothemisesfaled hetcin):taxes for year of of the
<br />mortgages, if any, (ifothermatters, see Paragraph XV); provided, thalthere exists at a ds)
<br />Property for------s9�d_"ghtc_of -- -_- _- -
<br />VDI.00I-,UPANCY-. Seller warrants that there are no parties in Occupancy othertl Indian RiverCnunty Approved Oale _ :yond
<br />dosing the fad and terms thereof shall be stated herein and thetenant(s)or oompa ge
<br />7 lie of
<br />property at time ofdosmgunlessotherwise statedherein.lfowupancyistobedelive I ldmina:.�.:atann_ _ imeof
<br />occupancy, shall be responsible and liable for main m from that date, and shall
<br />taking occupancy unless otherwise slated herein. S cacli;r!
<br />-- -
<br />" 1 t
<br />Di. TyPEWRTPI'ENORHANDWRITTENPROVISIONS:Typewritlenorhandwt I 1 k�; ions
<br />ofthisContradmmnflidwiththem-
<br />X. RIDERS:(CHECK those riders vvhidiare applicable AND arc attached tothis(
<br />(a) ❑ COASTAL CONSTRUCTIONCONTROLLINE (e) ❑--------_.-:_..- - C,
<br />(b) ❑ CONDOMINIUM (n ❑ pual I're�c t • R.
<br />(c) E FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (g)
<br />q1 ti*I
<br />(d) ❑ VAlFHA (h) [_1
<br />--
<br />FAR/BAR4Revised 12195 (C) 1994, Florida Aawciation offteahors(R) P.O. Box77
<br />of 3
<br />This form is licensed for use by lSO•McAllister Publishing 101.3466.155
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