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%L ASSX;..YABHIn':(CtiECKOn.YONE):tLyer (J msy assign and thereby be released hour any firrther liability under this Contrail; r! mayawili
<br />but not be released from liability under this Contrail; or may not assign this Contrail.
<br />XM DISCIA)SURF.S:
<br />(&)Radon ism naturally occurring radioailive pas that wbe n accumulated in • building it sufficient quanthiesmay pry. thoahh rials to persons vvho are
<br />expo&edlo hover time. Levels ofraden that ex» ted federal and gateguidelitea havebeen found in buildingr ih Florida. Additional information regarding
<br />Radon or Radon testing maybe obtained fiomyourCounty Public Health unit.
<br />(b)Duyermayhavedetermined the energy offidenqr ratingofthe residential building ifanyi% loaded on the Real Property.
<br />(c)Ifthe Real Property includes pre-1978retidentialhousing then Paragraph X (h) is mandatory.
<br />XIi. AL►XIAKIMREPAIRCOSTS: Seller shall not be responsible for the payment ofoosoinexcess of.
<br />(a)s N/A for treatment and repair under Standard D(ifblank, then 2% ofthe Purdnaa Prim).
<br />(b) $ N/A _ for repair and replacement underStandard N(ifblank.then 390 ofthe Purdmw Prim).
<br />XIV. SPECIALCIAUSFSf Ifadditionalspace isrequired, attach addendum and CHECK HERE ❑ .
<br />THIS iS INTFNDED'f PWA Y BINDING CONTRACT, iF NOT FULLY UNDERSTOOD, SEF:KTH ? ADViCY, OF AN ATTORNEY
<br />PRIORTOSiGNIN!AftIg�FORM S, BEENAPPRONTI)BYTHE FI.ORIDAASSOCtATIONOFREALTORSANDTiEnmiDABAR.
<br />Approvvddoarn rrrfiMteartopin!gran),ojfherertnsandmndinonrinlhisContrarrh of eaa¢pt ytheportlerinapwtiadart racrron.
<br />Terms and in¢ntshould ba go ailed upon therespedlve interests, objectives d ningp nterested pe ser
<br />10-05-99 Q�
<br />(fin et"h R. IQaoht, Chal=an (Date) (SeBr • ergsr Into. (Dat) 'iv'S� •�
<br />Social Security or Tax 1. D.# Bd:of.Co.Com®i cion SocialSemrit or Taxi.D.k Owl J,k <-
<br />(Buyer) William N. Napi rdr SRPA SRA (Date)
<br />Social Security or Taxl.D. a __Raghf-91-llgy Agant
<br />Pl'lesidMt
<br />(Neuer) (Date)
<br />Social Severity or Tax 1.D. N �� - o?� % yah 9 9
<br />Deposit under Paragraph Ii (a) received; iF OTHER THAN CASH, THEN SUBJECT TO CLEARANCE..
<br />(Escrow Agent)
<br />BROKER'S FEE: The brokers named below, including listingand cooperatingbrokers, arethe onlybrokers entitled to compensation in connection with this
<br />Contract:
<br />Name
<br />ListingBroker Cooperating Brokers, ifany
<br />STANDARDS FOR REAL WfATF,TRANSAC ONS
<br />A. EvIdenoe oM1k: (1) An abstract ofti le prepared or brought earrenl by a reputable and exislin gabstrad firm (if not exislin gthen certified as correct by an
<br />existingfirm)purportmgto be an accurate synopsis oftheinstsuments affedinglitleto the Real Propertyrecorded in the publicrewrdsofthe wuntyvvhereinthe
<br />Real Properly is located through Effective Date. It shall commence with the earliestpublicreoords, or such later date as may be vestomaryin the county. Upon
<br />dosing ofthis Contrail, the abstract shall become the property of Buyer, subjedto the right of retention thereof by fast mortgagee until fullypaid. (2) A title
<br />insurance mmmiment issued by a Florida licensed title insurer agreeingto issue Buyer, upon recording ofthe deed to Buyer, an owner's policyof title insurance
<br />inthe amount ofthepurdnareprice, insuringBuyer'stitleto the Real Property, subject onlyto liens, encumbrances, exceptions orqualifications provided in this
<br />Contract and those to be discharged by Seller at or before dosing Seller shall convey marketable title subject onlyto liens, encumbrances, exceptions or qualificat-
<br />ions provided in this Contract. Marketable We shall be determined acurdingto applicable Title Standards adopted by authorityof7he Florida Bar and it accord-
<br />ancewithlaw.Buyer shall have 30 days, ifabstrad, or 5 days, ifthle oommitnwt, from date ofreceivin g evidence oftiticto examine it. Iftitle is found defective,
<br />Buyer shall within 3days thereafter, notify Seller in writingspedfyingthedefxt(s).Ifdefed(s)tender title unmarketable, Seller will have 30days from receipt of
<br />noticeto removethe defects, failmgwhidh Buyer shall, within five (5) days after expiation ofthe thirty (30) day period, deliver written notice to Seller either: (1)
<br />extending thetime fora reasonable period not to exceed 120 days within which Seller shall use diligent effort to remove the defects; or (2) requesting a refund of
<br />deposit(s)paid which shall be immediately returned to Buyer. ifBuyer fails to so notify Seller, Buyer shall be deemed to have accepted thethle ask then is. Seller
<br />shall, iftitle is found unmarketable, use diligent effort to correct defed(s)within the time provided therefor. IfSeller is unable to timely correct the defects, Buyer
<br />shall either waivethe defects, or receive a refund of deposit(s), thereby releasing Buyer and Seller from all further obligation under this Contrail.
<br />B. Prrdume MoneyMortpnge; Security Agteementto Seller. Apurchase money mortgage and mortgage note to Seller shall provide for a 30daygrace period in
<br />the event ofdefauh ifa first mortgage and a 15 -day grace period ifa second or fearer mortgage; shall provide for right ofprepaynmrt in "hole or in part without
<br />penalty, shall permit acceleration in eventoftransfer ofthe Real Property, shall require all prior liens and enwmbranoesto be kept in good standingand forbid
<br />modifications ofor future advances under prior mortgage(s); shall require Buyer to maintain policies of insurance containing a standard mortgagee douse covering
<br />all improvements located on the Real Property against fire and all perils included within the term "extended coverage endorsements" and such other risks and
<br />perils as Seller may reason able require, in an amount equal to their highest insurable value; and the mortgage, note and security agreement shall be otherwise in
<br />form and mutant required by Seller; but Seller may only require clauses and coverage customarily found in mortgages, mortgage notes and security agreements
<br />gonerallytailized bysavings and loan institutions or state or national banks located in the county %%herein the Real Property is looted. All Personal Propertyand
<br />leases being conveyedorassignedwill, atSeller's option, be subject to the lien ofa security agreement evidenced by recorded fin ancingstatements.Ifaballoon
<br />mortgage, the final payment will exceed the periodicpaymentsdhereon.
<br />C Survey: Buyer, at Buyer's expense, within time allowed to deliver evidence oftitle and to examine same, mayhave the Real Property surveyed and certified by
<br />a regihstered Florida surveyor. ifthe surveydisdows encroachments on the Real Property or that improvements located thereon encroach on setback lines, ease-
<br />ments, lands ofothers or violate any restrictions, Contract covenants or applicable govenmental regulation, the same shall constitute a title defect.
<br />D. Terrdka: Buyer, at Buyer'sexpense, within the time allowed to deliver evidence oftile, mayhave the Property inspected by a Florida Certified Pea Control
<br />Operator ("Operator") to determine ifthere is any visible active termite infestation or visible carnage from termite infe"ioninthe Property.lf u,erorbothare
<br />found, Buyer shall have 4daysfrom mats af'_i:iyc.; r.otio: thcrmfwithin Midi to have cost oftreatmart, ifrequired, estimated by the Operator and all damage in.
<br />spelled and estimated by a licensed builder or general contractor. Seller shall pay valid costs oftreatment and repair ofall damap up to the amountprovidedin
<br />Paragraph Xlll(s). ifestimated costs exceed that amount, Buyer shall have the option ofeancelingthis Contrail within 5 do)%after receipt of contractor's repair
<br />estimate by givmgwrilten noticoto Seller or Buyer mayeledto proceed with the transaction, and receive a credit at closingon the amount provided in Paragraph
<br />XIII(a). 'Termites" shall be deemed to include all wood destroyingorganismc required to be reported under the Florida Pea Control Ad, as amended.
<br />L ingresssetd Egress: Seller warrants and represents that there is ingress and egressto the Real Property sufficient for its intended use as described in Paragraph
<br />VII hereof; titleto Midi is in accordance with Standard A.
<br />F. i.eases: Seller shall, not lessthan 15 days before dosing furnish to Buyer copiesofall written leases and estoppel letters from each tenant npecifyingthc nature
<br />and duration ofthetenanl's occupancy, rental rates, advanced rent and severity deposits paid bylenanl. It'Seller is un able to obtain such letter fiom each tenant,
<br />the same information shall be f rm ished by Seller to Buyer within that time period in the formol's Seller's affidavit, and Buyer may thereafter contail tenants to
<br />confirm such information. Sellershall, at dosing deliver and assign all original leases to Buyer.
<br />G. Liens: Seller shall furnish to Buyer attime of elosin g an affidavit aucetingto the absence, unless otherwise provided for herein, of any financing statement,
<br />claire of lien orpotential lienors (mown to Seller and further attestingthat therehave been no improvemads orrepairs to the Real Propertyfor 90 days immed-
<br />idelyprecedingdateofelosinglfthe Real Propenyhosbeenimproved orrepaired within thatlime, Seller uhalldeliverreleasesor waivers of construction liens
<br />executed by allgeneralcontrailors, subcontractor&, suppliers and mawrialmxh in addition to Seller's lim affidavit satingforth then amesofallsuch general con-
<br />tractors, subcontradors, suppliers and materialmen, further affirming that all charges for improvements or repairs Midi could carve as a basis for a construction
<br />lien or a claim for damages have been paid or will be paid at the dosmgofthisContract.
<br />IL Flom of C loci ng: Closing shall be held in the county wh erein the Real Property is loaned at the office ofthe stlomey or other dosing agpn designated by Seller.
<br />FAR/BAR4Revised 12!95 (C) 1994, Floride Association offteahors(R) P.O. Wx725025 Orlando, Florida 32M -5M5 All RigIrt.sRewrved Page 2of3
<br />"is form i3 licensed for use by ISO-McAllider Publishing 303-546.6355
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