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<br />J THIS FORM HAS BEEN APPROVED BY THE U
<br />FLORIDA ASSOCIATION OF REALTORS® AND THE FLORIDA BAR.
<br />Contract for Sale and Purchase 9 y, Z2 V
<br />FLORIDA ASSOCIATION OF REALTORS®
<br />AND THE FLORIDA BAR
<br />It PARTIES:_ "ishard s. s .Tan. •, a of Ra
<br />2 of 42se 5th Street sw.,�pro_uoach.,.-£lurid 32 `6fl*Q Q«ire r (Phone)
<br />("Buyer"),
<br />'3 and Indian lye o+nyy,��.alitical..Sutuiil!"inn
<br />4 of •1840 4960« __, (Phone) 611567-8000 ,
<br />ith�xrellt, ..Yore Doach, . s'loride�. ) —LS -
<br />5 hereby agree that Seller shall sell and Buyer shall buy the following described real property and personal property (collectively
<br />6 "Property") pursuant to the terms and conditions of this Contract for Sale and Purchase and any riders and addenda ("Contract"):
<br />7 1. DESCRIPTION:
<br />'8 (a) Legal description of the Real Property located in __)Cndian River County, E10rida County, Florida:
<br />9 Attached a.ereto and made a part_ haraof, -
<br />10
<br />'11 (b) Street address, city, zip, of the Property is: _-4290 5 ~ Streat Cl 5th street 9w givht-of-way.
<br />'12 (c)PersonalProperty: Nci� 22-33-30-0001-0050_n0nn1 0
<br />13 501x 233.61 parcel csn_tBining 11,680 sauara feat or n 268 &area
<br />14 •''.� my pp -Vail
<br />15 II. PURCHASE PRICE--. eS
<br />.�........= ...........
<br />0,940.00
<br />16 PAYMENT:
<br />'17 (a) Deposit held In escrow by (Escrow
<br />'18 Agent) In the amount of.................................................................................................................................................5 -0-
<br />'19 (b)Additional escrow deposit to be made to Escrow Agent within days after Effective Date (see
<br />'20 Paragraph III) in the amount of......................................................................................................................................5
<br />'21 (c) Subject to AND assumption of existing mortgage in good standing in favor of
<br />22 _.. having an approximate present principal balance of...................i -0-
<br />'23 (d) New mortgage financing with a Lender (sou, Paragraph IV) In the amount of.................................................i -0-
<br />'24 (e) Purchase money mortgage and note to Seller (see rider for terms) in the amount of..................................5 -0-
<br />125
<br />0'25 (f) Other: — S -0-
<br />26 (g) Balance to close by U.S. cash or LOCALLY DRAWN cashier's or official bank check($), subject
<br />'27 to adjustments or prorations............................ ........................................ ..................................................................... 5_-0-M-9 (I__
<br />28 III. TIME FOR ACCEPTANCE OF OFFER; EFFECTIVE DATE; FACSIMILE: If this offer is not executed by and delivered to all parties
<br />129 OR FACT OF EXECUTION communlcoted In writing between the parties on or before .... ..J5_Gpyi___ the deposlt(s)
<br />30 will, at Buyer's option, be returned and Ihls offer wimarawo For purposes of delivery or notice of execution, parties Include Buyer
<br />31 and Seller or each of the respective brokers or attorneys Tho date of Contract ("Effective Date") will be the date when the last
<br />32 one of the Buyer and Seller has signed this offer A facsimile copy of this Contract and any signatures hereon shall be considered
<br />33 for all purposes as on original.
<br />34 IV. FINANCING:
<br />135 N (a)This is a cash transaction with no conbngercies for financing;
<br />136 ❑(b)This Contract Is conditioned on Buyer obtaining a written loan commitment within _ days after Effective Data for
<br />'37 (CHECK ONLY ONE): Fla fixed; ❑ an adjustable; or ❑ a bxed or adjustable rate loan in the principal arnount of
<br />138 S , at an Initial interest rate not to exceed ___ S. , discount and origination fees not to exceed ,____'f,
<br />'39 of principal amount, and for a terra of _._ .._ years Buyer will make app'ication within —days (5 days if left blank) after
<br />40 Effective Date and use reasonable diligence to cbtain a loan commitment and, thereafter, to satisfy terms arid conditions or
<br />41 the commitment and close the loan. Buyer shall pay all loan expenses. If Buyer fail; to obtain a commitment or fails to waive
<br />42 Buyer's rights under this subparagraph within the time for obtaining a commitment or, after diligent effort, fails to meet the
<br />43 terms and conditions of the commitment by the closing date, then either party thereafter, by written notice to the other, (nay
<br />44 cancel this Contract and Buyer shall be refunded the depcsit(s); or
<br />145 ❑ (c) The existing mortgage, described in Paragraph II(c) above, has: ❑ a variable interest fate; or ❑ a fixed Interest rate of
<br />'40 ___ % per annum. Al time of title transfer, sortie Wed interest rates are subject to increase. if increased, the fate shall riot
<br />'47 exceed ---'fa per ennurn. Seller shall furnish a statement from each mortgagee stating the principal balance, method of
<br />40 payment, Interest rale end status of mortgage or authorize Buyer or Closing Agent to obtain the same. If Buyer has agreed to
<br />49 assume a mortgage which requires approval of buyer by the mortgagee for assumption, then Buyer shall promptly obtain the
<br />50 necessary application and diligently complete and return it to the mortgagee. Any mortgagee charge(s), not to exceed
<br />151 $ (I% of amount assumed If lull blank), shall be paid by Buyer. if Buyer Is not accepted by mortgagee or
<br />52 the requirements for assumption are not In accordance with the terms of this Contract or mortgages snakes a charge in
<br />53 excess of the staled amount, Seller or Buyer may rescind this Centrad by written notice to the other party unless either
<br />54 elects to pay the Increase in Interest rate or excess mortgage charges.
<br />'55 V. TITLE EVIDENCE:At least ,__.__, days before closing date, (CHECK ONLY ONE): ❑ Seller shall, at Sellers expense, deliver
<br />'50 to Buyer or Buyers attorney; or x Buyer shall at Buyer's expense obtain (CHECK ONLY ONE): C.] abstract of title; or X title
<br />57 insurance commitment (with legible copies of mslroments listed :,-, exceptions atta:hed thereto) and, after closing, an owner's
<br />58 policy of title Insurance.
<br />'59 VI. CLOSING DATE:This transaction shall be closed and the closing documents delivered on _ .Qrja"Qx i_30 days- .
<br />60 unless modified by other provisions of this Cunuact
<br />61 VII. RL'STRICTIONS; EASEMENTS; LIMITATIONS: Buyer shall take title subject to: comprehensive land use plans, zoning,
<br />62 restrictions, prohibitions and other requirements imposed by governmental authority; restrictions and matters appearing on the
<br />63 plat or otherwise cornrnon to the subdivision; outstanding oil, gas and mineral rights of record without right of entry; public utility
<br />64 easements of record (easements are to be located contiguous to real property lines and not snore than 10 feel In width as to the
<br />65 rear or front lines and 7 12 Idiot in width as to the side line,, unless otherwise stated horeln); taxes for your of closing and
<br />68 subsequent years; assumed mortgages and purchase money mortgages, if any (if additional Items, see addendum); provided,
<br />07 that there exists ut closing no violation of the Iorouuu,0 and sono prevent use of the Properly for ____1lrsad..Hig t=nS�1a�r _
<br />68 _ purpose(s). from effectitre date (see I O
<br />69 VIII.000UPANCY: Sollor warrants that there are no parties in occupancy other than Seller; but if Property Is Intended to be rented
<br />70 or occupied beyond closing, the fact and terms thereof and the tenant(s) or occupants shall be disclosed pursuant to Standard
<br />71 F. Seller shall deliver occupancy of property to Buyer at time of closing unless otherwise stated herein. If occupant' is to be
<br />72 delivered before closing, Buyer assumes all risks of loss to Property from date of occupancy, shall be responsible and liable for
<br />73 maintenance from that date, and shall be deemed to have accepted Property in its existing condition as of time of taking
<br />74 occupancy unless othervlsa stated heroin.
<br />75 IX, TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions, riders and addenda shall control all
<br />76 printed provisions of this Contract in conflict with there.
<br />77 X. RIDERS: (CHECK those riders which are applicable AND are attached to this Contract):
<br />'78 ❑ COMPREHENSIVE RIDER II HOMEOWNERS'ASSN. C7 COASTAL CONSTRUCTION CONTROL LINE
<br />'79 ❑ CONDOMINIUM I-1 "AS IS" ❑ INSULATION
<br />'80 ❑ VA/FHA ❑ LEAD-BASED PAINT ❑
<br />'81 XI. ASSIGNABILITY: (CHECK ONLY ONE): Buyer ❑ may assign and thereby be released from any further liability under this
<br />'82 Contract; ❑ may assign but not be released from liability under this Contract; or N may not assign this Contract.
<br />Buyer ( 1 ( 1 and Seller ( _) 1__._..._._._I acknowledge rocelpt of a copy of this pogo,
<br />FARIaAR•e Rev.6196 RIDC RS CAN 0C OaTAINLD I ROM IIIL ILUIi ILIA ASSOCIAT; 011 CF Fir ALT01180 Oil 7Fit3 FLORIDA OAR
<br />This form Is licensed for use with Furn,ulus.—" fuiln .`.)ultwo- by I;7C rdcAlrretw Publluhlnp. Inc. 1300.330.1027
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