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<br />CONTRACT FOR SALE AND PURCHASE
<br />FLORIDA ASSOCIATION OF REALTORS AND THE FLORIDA BAR
<br />PARTIES: Sradahaw Eol +nca ("Seller")
<br />of ! O Sox 4080 Vero Beach, II or+� 32964 (Phone)
<br />_( 61I _231:_42$4.
<br />and I + +Ver Co>•*(a„nolitioal avbdiviaion of the State o! l orida ("Buyer"),
<br />of— 1840 25th Street Vero Seaah, lleridt 32960 (Phone) _(g�11567 8000
<br />hereby sgreethat Seller rhallsell and Buyer shall buy the fallouingReal Propertyand Personal Property (colledively"Property) upon the following tam and
<br />conditions, which INCLUDE Standards for Real Estate Transactions ("Standard(s)") on therevme side or alladted hereto and riders and addenda to this
<br />Contract for Sale and Pur(hsae("Co9trad"),
<br />DESCRUMON:
<br />(a) Legal desaiptionofRealProperty located in Indian Rives ___ County, Florida: SA2_j,2ga3. Deiyri)�___".
<br />tom, Exhibit "All attached hereto and ft hereof-
<br />(b)Stred address, city, zip, ofthe Property is: 74th Avenue, right—ef—way, County project No. 9803__
<br />(c) Personal Property. None S4[-6 a^et A-1 sons nareal containing 28,173 "gWLXe feet Al LOD—--
<br />ps_gmr<are food_"------- -- ' -
<br />------ YIsESgE NOTE • TEIB CONTR7ICT i8 BUEJECT TO It1D�Rt7 Riyjg- COIINTi ZIN71L 1111?flOV11L -----
<br />It. PURCiIASEPRICE......................................................................................................................................................
<br />PAYMFIVT:
<br />(a) Deposit held in esvowby _-- in the amount of ........................ S
<br />(b)Additional esaowdeposhwithh days alter Effective Date (as defined nParagraph lll)mthe amount of ..............
<br />(c) Subject to AND assumption ofmoripgp in pod damdingn favorof
<br />--- ------------------
<br />having anopproximYepresentprincipal balnaof ...................... S
<br />(d)PurdnasemoneymortpFpandnote(weaddendum)intheamountof ............................... IL---..
<br />(f) Balance to dose by U.S. card, LOCALLY DRAWN uati&d or casbices check or third -party loan, subject to adjustmenu
<br />andprordions .....................................................................................................................................................................
<br />III. TIME FOR ACIEFTANCEOFOiFFJ4EPECMEDAT&FA(SLNMlL,Ifthisoffer isnot t%metedbyand delivered toall parties ORFACT OF
<br />EXECUTION communicated in writing between the paAimon or before 15 d"S _- the deposit(s)will. at Buyer's option, be returned to Buy-
<br />er and this offer withdrawn. The date of Contrad("F.flectiveDate")willbethedatewhenthelasoneoftheBuyer and Seller has sipedthisoffer. A licaimile
<br />copy ofthix Contract and any aip tura bacon shall be considered for all purposes as original&
<br />IV. FINANCING:
<br />(a) Ifthepurchase price or any pot ofit is to be fin inced by a (bird -party loan. ibis Contract is conditioned on Buyer obtaining& written cormwmentwithi:
<br />_ __ days &flet Effective Date for (CHECK ONLYONF.): [ J sfltxd; f_J an adjustable; or FJ a fled or adjutable rife loan for the principal
<br />amount ofS , Ilan inkisl intereal rate not to eased 6i, discount and origination fen not to exceed
<br />% of the prndpta amount, and a tam of _ yeah Buyer will mate appliction within _ days ata li0ediveDale and use
<br />reasonable diligenceto obtain the loan comnrit mentand,thereafter,tosstidytheto=andcondtionaofthecormitmat and dose the loan. Buyer shall
<br />pay dl loan expenses. If Buyer Gilamobunthecommilmentorftilstowaive Buyer'sridds under this subpuagrsphwithnthe timeforobtaongs
<br />cormhtlmenl or, ata diligent effort. fails to rased the tam and eondiionsofthe conan'- t,mm ciherpady thereafter, by writah notice to the
<br />other,mycmuel thisContrad and Buyer shallbe refunded thedeposi(sy, or
<br />(b) The existing morlppgp described in Paragraph 11(c) above has (CHECK ONLY ONE): L] a variable interest star; or ❑ a fixed interest rate of
<br />°n per annum AltimeoftAletranlersomefixed ntereatratn are subject to increase. Ifncressed, the rateahsllnotewmed %perannum
<br />Seller ahaU, within days atterer Efxtive Date, famish aaatanmt ftom each mortgagee "itgprndpal balmm, method ofpsymamt, interest rate
<br />and sudus of mortgage. If Buyer has agreed to assume amortge pwhich requires approval of lluyrr by the mortgages for assumption. then Buyer shall
<br />promptlyobtan the necessary appfation and diligently conykte and return Ito the modpgee.
<br />Any mDdppecharp(s)not toexceed i _ shall be paidbyfluyer.IfBuyerisnot "fed bymorippeorthe roquicnmufor
<br />assumption are not in accordance with the termofthu Contrad or mortgagpe makes a (huge in es sasofthetated amount. Seller or Buyer nay rescind
<br />this Contract by written notice to the other party unlet either clods to pay the nveaae in nterea rate or excess mortgagee dhugea
<br />V. TITLEEVIDENCE: As lead days beforedosngdate,but noearlier thindays aterSeller receives written notification thin Buyer
<br />has obtained the loan commanwst or been approved forthe loan assumption "provided in Paragraphs IV(&) and (b), above, or, ifoppliaeble, waived the finan-
<br />cing requirement(, (CHECK ON14 �)jv ,1y �.,� Iter hlsa1l, t Seller's eyrmse, delivv to Bayer or Bu)er's artumry; or Buyer stall d Ituya'sespmu ahtaim,
<br />n acmrdanm with Standard A, (fJ(/f�Qj(j[ jG�rj(j: }x, abstract oftile; or X t lle insurance commitment (with legible copies of instruments listed as
<br />exceptions) and, after dosing anovancespolicy oftiale insurance.
<br />VL CLOSING DATE: This transidion shall be closed and the dood and other dosingpapab dclivered on 9S b*f9tf_GO- .days • unless modified
<br />byother provisions ofthis Contract.
<br />firon "Effective Date" (See III)
<br />VIL RLSTRICCIONS;EASEMENTS; LIMITATIONS: Huyer dull tAclitlesubjedto: comprehensive land use plans. woms restrictions, prohibitions
<br />and other requirements imposed by pvanmental authority, restrictions and matters appearing on the plc or otherwise wmron to the subdivision; public
<br />utility casements of record (casements are to be located contipyoua to Real Property lines and not more than 10 fed n width asto the rem or front lines and
<br />7 1/ 2 fed in width asto the side Ines, mdeas odenrlae stated herein); taxes for year of dosing and subsequent years; assumed mortgages and purchase money
<br />mortgages, if any, (itothernatters. see Paragraph XV); provided, that there exists at dosngno violation ofthe fam ping and none ofthemprc%mtsuse ofthe
<br />Propertyfor _-- purpose(s).
<br />VID.00C PANCY: Seller warrants that there are noparties in occupancy other than Seller; but, if Property is intended to be rented oroompiedbeyond
<br />dosing the fad and term thereof shall be stated herein and the tenant(s)oroccupants disclosed pursuant to Standard F. Seller shalldeliver ooupanryof
<br />Property at time ofdoxngunfen otherwise dated herein. Ifowupmcy igto bedelivacd before dosing Iluya assures all risk eflossto Property from date of
<br />occupancy, shall be responsible and liable for maintenance from that date, and shall be deemed to have aaspled Property inks eradingcondnion asoftime of
<br />taking oaupancy unless otherwise stated herein.
<br />IX. TYPEWRITTEN OR IIANDVRMF.N PROVISIONS: Typewritten or handwritten provisions. riders and addenda shall control all printed provisions
<br />ofthis contract in conflict with than.
<br />X. RIDERS: (CHECK those riders which are applicable AND are attached to this Contract):
<br />(a) ❑ COASTAL CONSTRUCTION CONTROL LINE (e) ❑ INSULATION
<br />(b) ❑ CONDOMINIUM (1) ❑ "ASIS"
<br />(c) [ FOREIGN INVESTMENT INREAL PROPERTY TAX ACT (g) ❑ HOXIEOWNERS' ASSOCIATION DISCLOSURE
<br />(d) ❑ VA/FHA (h) ❑ RESIDENTIAL LEAD-BASED HAZARD DISCLOSURE
<br />(i) ❑
<br />FAR/DAR-4 Revised 12/93 (C)1994, Florida Association ofReahors(R) P.O. Box 725025 Orlando, Florida 32872-5025 All Rights Reserved Page 1 of3
<br />This form is licensed for use byiSO•Mo4)lider Publishing 303.54&6355
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