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<br />262 M,SPECIAL ASSESSMENT LIENS: Cortilfed, Cdnllrmod and ratified special asaoa.mmool Ileus as of dale of Closing (not hs of Effective Dale)
<br />203 are to bo paid by Seller. Pending IInas 05 of dale of crosing shall be assumed by Buyer II ilio rmprovomont has been substantially complelad as
<br />204 of Effective Data, any pending lion shall be considered cotillion, confirmed of rotfkod and Seller shall, at closing, be Charged an amount oquai to
<br />205 the last 0$1Fmalo or ae BOSSMOnt lot the IMPre>+ernent by the public body
<br />206 N.INSPECTION, REPAIR AND MAINTENANCE: Seller warranls that the caning, fear (Including the 101t" and Sof"131 and exlOrior and
<br />207 in,oehar walls, JOUndallpn, seawalls (or equivalent) and dockage do riot have any Visible Evidence of leaks, water damage or structural damage
<br />206 and That the soptio Tank, pool, all appliances, mechanical items, hoa(In g, cooling. oloctfltal, plumbing systems and machinety are In VYofking
<br />200 Condition. The foregoing warronly shall bo Ilmllod to the nems SPadlfed unless elherwlsO pravidud lA an addendum. Buy*t may, of Buyer's
<br />210 expanse, have Inspections made of [hose Items within 20 days after I"Effacllvo Dale, by a firm Or Individual sPoclPlitmg In home inspections
<br />211 and holding an occupa.11onal ACeOSO lar such purpose (If required) or by an apprapriahOly licensed Florldo contractor, and Buyer shall, prior
<br />212 to Suyor'& occupancy, but not more than 20 days altar E Ifecl]ve Dale, FDporl Jn writing to Seller Such items that do net moot The above Standards
<br />213 as to dafec.ts. Unless Buyer hlmely reports such defect%, Buyer shalt be doomed to have waived Sollar's warranlies as to defects net repOftOd.
<br />214 11 ropffirs or replacements are required to Comply with this S13111Dard, Seller shall cause themto be made and shall pay up to the amount
<br />215 provided In Pafegfaplk XIII (b)- Salver Is not rogOlad to make repairs or replaeankonts of a Cos met In Condition noires& caused by 0 dolact Seller
<br />210 Is responsible to repair or replace. II the coal [of such (Door( Or replacement excuods ilia amount provided In Paragraph XIII(b), Buyer and Seller
<br />217 may elect to pay such excess, fading which either patty may cant of this Contract If Seller Is unable to cortecI the defects print to CION Ing, the
<br />218 coal thereof shall be paid Into escrow at Closing. Sailor shall. upon ruasortabla nolico, provide utl,lllom service and access in the Property let
<br />2$9 Inspecleas, including a Wa,k-lhf-ough prior to closing, to contrm that all nems of personal properly lira On the (sal properly and, subject Io the
<br />220 foregoing, Jhal all requlrod repairs and roptacoments Prove boon made and that the Property. Including, but not limited to, Town. &,rubbary and pool,
<br />221 If any, has Noon maintained in Ilia condition existing as at Elfacf,vo Data. ordinary west and Iger OKcOPIed For PurpoSOs 01 Ifus Contract fa)
<br />222 'Working Condlilan' Maori& opmallog le the manner In which the Item was designed to operate. (b) 'Cosmetic Condition' means aesthetic
<br />223 Imperfections that do not alf OCt the working condition of the nem. including, bill not limited ,rt. pitied rearcite, missing or tern screens; logged
<br />224 windows; fears, worn spots, or dlecaloryllon of floor aeyerinQ&, wallPapar, of window lreatmonl5, nall hales. Sctatehos. denim, scrapes, chips or
<br />225 caufkmq In ceNings. walla. floorings, fixtures, of mllrors; and minor clacks In floors, silos, windows, dnVOway&. Sldewalki, 01 pool docks, and (CI
<br />226 ciackad real thee, cutting lir warn Ihinglas. of limited root 1110 ShaN not be Consld fired In facts SOIIQf 11111&1 repair Or ro PIOCO, lie lung as IaOV0 I; no
<br />227 evidence or Actual looks or leakage lir structrual damage, but mis sing tiles will bo Sailer's rospons lbrtlly fQ replace or repair
<br />226 D. RISK OF LOSS: If the Properly Is damagod by fire or otherCasually befefs CIO&lnp and coal of ro&torallan does nol exceed 3% of the
<br />220 assessed valuation of Ilia Properly SO d311113god, cost of raslorallon Shan be on obhgallon of Sailor and closlng shall proceed pursuant to the
<br />230 terms of this Contract with fosloratl'On coals o5orowod at closing. If the Goss al restoration excoads 3% at the D%Bassa l valuation of the
<br />231 Property so damaged, Buyer Shall have the option of either laking the Praperly as ,s, together with oithor the 396 Of any Insurance prpco*ds
<br />232 payabfo by virluo of such loss Or damage, or of canceling Ilia Contract and racalving return at The dapostlisl
<br />233 P -PROCEED$ OF SALE, CLOSING PROCEDURE: Tho doed shall lie rorardad upon clearance of funds. It An abstract of Atte has boon
<br />734 lurnlshed, evidence of Illle shall be continued at. Ruyer's expense 10 show Jinn in Buyer, Wallowany encumbrances or change which would render
<br />235 Sollar's title unmafk Rlable (rem Ino date Of the last evidence. All closing proceeds shall he held In oscrow by Seller's attorney ar other mulualty
<br />288 acceplabla escrow agent lot a Period of net mato Than 5 days after closing dale. 1f $Oiler's title is rendered unmarketable. through no fault of
<br />237 BUyer, 01I Shan, within Ilia 5•d0y Period, notify Sailer In writing of the dolact and Seller shall have 30 days from 6210 OF receipt Of spch
<br />238 nollflcation to cafe the defect. 11 Seller (ails to timely caro the defaCt., all doposnis) and closing funds shall, upon wrnlen demand by Buyer and
<br />239 within 5 days after demand, he returned 10 Buyer and, slmultan OQUSly with such (opaymenl, Buyer shall return the pars01131 property, vacate the
<br />240 real properly and raconvey irks Property 10 Sollef by special warranty dead and 1,111 of sale If Buyer falls to make timely demand far refund, Buyer
<br />241 shall take title as is, waiving all rights against Seller 85 to any mletvondng dr act except as may be available to Buyer by virtue of walrarillas
<br />242 contained in It10 doed or bill, of solo. If a portion of the purchase PrIOO 15 To be derived (rem Insld,utional Financing or relinaocing, roquirenionts
<br />243 of ilio lending institution as to place, time RI day and procoduros 1'or closing, and for disbursement Of nurtgago proceeds shall control over
<br />244 conlrery provision In this COnllaCl. Seller shall have lha right to raquife from the lending m5lnuilolt a written commitment. that 11 will not
<br />245 wlthhold dlsbursemBnl Of mortgage Prec a Rd$ a$ a (Olin, ar any Inln defeat Alt„3nlabls to Buyer mortgagor. The escrow and closing procedure
<br />248 required by this Standard shall be wriNfid if the Jilin agent Insures advalau manes pursuant to Section 627.7541., F 5., as amended.
<br />247 O. ESCROW: Any *&Crow agent ('Agan[') racorving lunds Of aquivolont ,s oulhotlzod and agrees by acceptance of "hem lc d2POSn (hent
<br />248 promptly, hold same In oscrow anti, subject to elearanco, disburse there In accordance with forms and conditions of this Conlract Failure of
<br />240 funds to clear shall not oxcusb Buyol'% performance. if in doubt as to Agonl'S datios or liabilities under the provisions of this Conlract, Agent
<br />250 may, al Ag ant's ofillon, continue 10 hotel Ibe subject matter or Ilia escrow until the parlios horOIQ Patna to Its ai5bnfaeelem er 0.111 a lodgement
<br />251 of a court of competent )urlShcc Flon shall dutormina the rights of ilia parties, or Agent may deposit soma with Iris Clark Of lh* circuit Court having
<br />262 Jurisdiction of ilia dispute. Upon notifying all parties concerned of such action, all tiarkilily all the part of Agent shall tufty terminate, except to
<br />253 the extent of accounting for any [toms pro viounfy dallvdrod out of escrow 11 a Iicansfid real estate broker, Agent will comply with previsions of
<br />254 Cnaplaf 475, F.S , as omandeo. Any Buil. between Buyer ani Sailor wherein Agent Is made a. parly boceu$0 at acting as Agent rkeround Or, or in any
<br />255 Suit whorfn Agent Interpleads ilia subject matter at the escrow, Agan[ shall recover r00$Onabia atlornuy's tees Find CQ&,s Incurred with those
<br />256 amounts to be paid Irani and out of ilio oscrowod Iunds lir equivalent and C110rged and awarded 05 Court Costa 111 f3vOf Of the prevailing patty. TOO
<br />757 Agaof shall not be nahle to any pally or person lot miadolivory 10 Buyer or Sailor of nems SgbjOCI IQ Ibfi OSCrOW, unless Such MISOR,ry Ory 19 due la
<br />258 willful broach Of The Provislons 01 this Contract Or gross neuligon.co or Agent.
<br />250 R. ATTORNEY'S FEES; COSTS: In any 6090Tron, Including broach, enforcement lir latelptatatien. aflsrug Out of 11115 Contract, the provoding
<br />260 party In such II(Natlon, which, lot purposes of this Standard, alkali Include Senor, Ruyer and any brokers a -ling In agency or nonagOncY
<br />201 foiallonShos authgrizod by Chapter 475, F.5_ as amandad, shall bit enlilled 10 recover from the nQn•provalJYnQ {. v roloonabde attorney's Ida$,
<br />282 costs and expanses
<br />203 S. FAILURE Of PERFORMANCE: TI Buyer falls ,o perform this Contlacl within tho time specified, including payment 01 all JUpoSlls, the
<br />264 deposit(s) paid by Buyar And dopositisl agreed to tie paid, may be recovered and retarnuO by and lot thu account of Sulfur as agreed upon
<br />205 liquidated damages, consideration lot Itie execution of this Conlract and In foil settlement of any claims; whereupon. Buyer and Sonar shall be
<br />266 folteved of all obligations under Ihls Contract, lir Sollo7, at Seller's option, may proceed In equity to oriforCO $en Or'm rights under (Fill Contract If
<br />267 for any reason other than tenure of Sailor to mike Sollar's title ma(ketab,o altar diligent effort. Sailor lan5, neglects Or refuses to P000-1 this
<br />266 ContiOcl. Ruyef nlay Sault 5PB001c performance Or elect to feCOlva the return of Seyor'& d6posn(s) without thereby waiving any acllon for
<br />289 damages resulting from Sellar's breach
<br />270 T. CONTRACT NOT RECORDABLE: PERSONS BOUND; NOTICE: Neither this Contract nor any notice at it shall be FOCO140 '.,1 any public
<br />271 roeards. This Contract shall bind and holo to the benefit at thu parties and (herr Supp QSSOrS In lntureal W tlOAOVOF trio context pe(mns, singular
<br />272 Shari include plural and one gander shall iecluda all. Notice given by or to Inc attorney for any party shall be a5 effective as If given by lir to Itlal
<br />273 awry.
<br />274 U. CONVEYANCE: Solley shall convey title to ilio feel PrppOty by Stalul Ory warranty, tfustoe'a, personal ropre5RnlAUVO'S of guil'dhall's deed, as
<br />275 appropriate to the status of Sellar, subject only to matturs COmIllif ld In ParaQrOph VII and Sheso otherwise accepted by nuyor. Personal )000fty
<br />270 shall, at the request of Buyer, he lran5larred by an absolute bill of sale wills wp+tanly of tltfn, nhl-r 041.” In su[li Mullis as o. rr.lmr>`+ve
<br />277 provided ror horoln.
<br />1 1, 1' r. +h D re r. L'ur tiT r: r ; ! sr o, p+.esar,i agruumiul" up roprosontatioa5 shat, ba binding upon Buyer or Sailor unless included 1n this
<br />77o Ce i ol. N modlflcatlon ,o or change In this CO*"fac, shalt be valid or binding upon Iho Parlids unlOsa In willing and oxocuted by the party of
<br />260 parties Intended to bo bound by It.
<br />281 W. WARRANTY: Sallar warranls that tharo aro no lacks known to Sullor malorlutdy 1flocling Ilia valun of FIJI) Prepelty which are not rOadily
<br />282 obs1e]r`vrxblo by Buyer or whIch Have not boon dlsoto Sod to Buyer
<br />auy4f {tel k 3y_ ) ( --) and Sather (jr e-1(__ ) ackoawladgo racehpl of a copy of tills page.
<br />FAfI!'Snf 5 nar. F,,ia& COPYRIGHT 1498 THE FLORIDA BAR AND TtiE FLORIDA ASSQI NATION OF REALTOR.S01
<br />This farm Is licensed for use with Fonnw4lntu a Forms, Software by ISG McAllister Publishing, Inc. 800.336.1027
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