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<br />THIS FORM HAS BEEN APPROVED BY THE
<br />FLORIOAASSOCIATION OF REALTORS) AND THE FLORIDA BAH. 71
<br />Contract
<br />Contract for Sale and Purchase f
<br />FLORIDA ASSOCIATION OF REALTORSO
<br />AND THE FLORIDA BAR
<br />'1 PARTIES: _ Hhaokalr rle+rati_
<br />2 of 41_k4 QAd L3 2ria F[ig1Sw�Y,_ Vero beach, F'1orl,da- 37960 (Phone) _.:NLA .
<br />'3 and Irtdi4t3 13'iver Cow+t}t, lS-olftical-@ubdivivion _of the _Sfiat:a of FJ9XidA ("Bay(Id'),
<br />4 ofJB4QV 5tif#tt eat, Vero_ B0ach,_Fiar1-4,n 32gfi0 _ _ (Phone) _t5lii G3�fLffZQQ .
<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 Sato and Purchase and any riders and addenda ("Contract"):
<br />7 I. DESCRIPTION:
<br />'$ (a) Legal description of the Real Property located In _Tndkon Rt_Yar_ - _ County, Florida:
<br />g ss,� sl LsiQ�szlla siD� �xh� ",in_ttached hereto end_1m09_0_y_*_ rtr_hslr 9Q_f.,
<br />10 _ -
<br />'11 (b) Street address, city, zip, of the Properly is: 2480 41at Strout, Vora beach, trier;d 939§?
<br />12 (c)Personal Property, _ NoRS _4'S�gnJggz?arcn1 XD No. 26-32-39-00007-090_0.QQ18.Q
<br />13 PTTr4_wl-g413nIIng-;3,154 aqu+sro foot:. _
<br />14 r PLSAB$ j1OTEi TRIS GSN2R11Ci ALTA E t Tq INDTAS! RJVJR COIRITY APPHQVM
<br />15 ll. PURCHASE PRICE:.. .........................$ 10.25D.50 _
<br />16 PAYMENT:
<br />'17 (a)Deposit hold in escrow by —_ HLA--_ (Escrow
<br />*18 Agent) in the arrlount ot..............................................................................................................................__................5-
<br />'19 (b)AddlNonal escrow deposit to be made to Escrow Agent within_ days alter Effective Date (see
<br />120 Paragraph III) in the amount of .................. ..., .,.. ,........ ,..,.,.. „ . ._, .........,......S �Q-
<br />'21 (c) Subject to AND assumption of existing mortgage In goad standing in favor Oft;/.
<br />22 _ having an approximate present principal balance of ...................$ ___ _�-
<br />'23 (d) New mortgage financing with a Landar (see Paragraph IV) in the amount of .................................................$ -Q-
<br />'24 (e) Purchase money mortgage and note to Seller (see rider for terms) in the amount of..................................5 -Q-
<br />*25 (()Other: $
<br />26 (g) Balance to close by U.S. cash or LOCALLY DRAWN cashlees or official bank chock(s), subject
<br />'27 to adjustments or prorations............... -I.-I-1- ........,,.., .. ......$ 10, 250.50
<br />28 III, TIME FOR ACCEPTANCE OF OFFER; EFFECTIVE DATE; FACSIMILE: If this offer is not executed by and delivered to all parties
<br />'29 OR FACT OF EXECUTION communicated in writing between the parties on or before 3Q_ _dilsyt___ , the deposit(s)
<br />30 will, at Buyar's option, be returned and this offerwilhdrawn. For purposes of delivery or notice of execution, parties include Buyer
<br />31 and Seller or each of the respective brokers or attorneys. The date of Contract ("Effective Date") will be the date when the last
<br />37 one of Che 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 an original.
<br />34 IV. FINANCING:
<br />*35 DZ[ (a) This Is a casIn transaction with no contingencies for financing;
<br />'36 C_l (b) This Contract is conditioned on Buyer obtaining a written loan commitment within _ days after Effective Dale for
<br />37 (CHECK ONLY ONE): ❑ a fixed; ❑ an adjustable; or ❑ a fixed or adjustable rate loan in the principal amount of
<br />'38 5 at an Initial interest rale not t4 exceed % „discount and origination foes not to exceed g._ %
<br />139 of principal amount, and for a term of years, Buyor will make application within days (5 days if loft blank) after
<br />40 Effeciive Date and use reasonable diligence to obtain a loan commitment and, thereafter, to satisfy terms and conditions of
<br />41 the commitment and close the loan. Buyer shall pay all loan expenses. If Buyer falls to obtain a commitment or fails to waive
<br />42 Buyor's rights under this subparagraph within the time for obtaining a commilmont or, after diligent effort, fails to meet the
<br />43 terms and conditions of the commilment by the closing date, then either party thereafter, by written notice to the other, may
<br />44 cancel this Contract and Buyer shall be refunded the deposit(s);or
<br />'45 ❑ (0)The existing mortgage, described In Paragraph II(c) above, has: ❑ a variable interest rale; or ❑ a fixed interest rate of
<br />•46 « % par annum. At time of title transfer. some fixed interest rales are subject to increase; if increased, the rale shall not
<br />47 exceed % per annum, Sailor shall furnish a statement from each mortgagee stating the principal balani., nothod of
<br />48 payment, Interest rale and status of mortgage or autlloriza Buyeror Closing Agent to obtain the sarne. If Buyor 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 />60 necessary application and diligently complete and return it to Ilse mortgagee, Any mortgagee charge(s), not to exceed
<br />*51 5_ iv,1,5_ - (1% of amount assumed if loft blank), shall be paid by Buyer. If Buyer is not accepted by mortrxgoe or
<br />52 the requirements for assumption are not in accordance with the I^ems of this Contract or mortgagee makes a charge in
<br />53 excess of the slated amount, Seller or Buyer may rescind this Contract by written I olico to the other party unless either
<br />54 elects to pay the increase in interest rate or excess mortgage charges.
<br />'65 V. TITLE EVIDENCE: At least _N/A days before closing dale, (CHECK ONLY ONE): ❑ Seller shall, at Seller's expense, deliver
<br />156 to Buyer or Buyer's attorney; or MBuyer shall at Buyer's expense oblain (CliECK ONLY ONE): Xabstract of title; or ))title
<br />57 insurance commitment (with togiblr) copies of instruments listed as exceptions attached thereto) and, after closing, an owner's
<br />58 policy of title insurance.
<br />'59 Vt. CLOS!NG DATE: This transaction shall be closed and the closing documents dolivercd on ..- __fLQ_dayll—.__
<br />60 unless modified by other provisions o Ihts Conlracl, rtorn c, f FoCt 1 ve da to ( sc-e Ser. T T T )
<br />B'Guyor 1_ '� 11 - 1 and Gorier ( j_) I .1 ■eknowletlga recolpl 01 a copy of Ihla page.
<br />FARIeAR•6 Rev. ales 11110E RS CAN BE QBTAINE0 FROM THE FLORIDA ASSOCIATION OF RE ALTORSta OR THE FLORIDA OAR
<br />This form is licensed for use with Funmulatar" Farms Software by ISG McAllistor Pubtishmg, Ona 090-334.1027
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