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<br />THIS FORM HAS BEEN APPROVED BY THE
<br />FLORIDA ASSOCIATION OF REALTORS® AND THE FLORIDA BAR,
<br />Contract for Sale and Purchase
<br />�. FLORIDA ASSOCIATION OF REALTORS®
<br />1 AND THE FLORIDA BAR
<br />"1
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<br />PARTIES: Kids' Krusade Inc a Florida Corporation _ ("Seller"),
<br />of 1416 82nd Avenue Vero Beach Florida 32966-6945 (Phone) 567-2446
<br />and Indian River County, a political subdivision of the State of Florida ("Buyer"),
<br />of 1840 25th Street Vero Beach, Florida 32960 _ (Phone) IS 1) 567-8000,
<br />hereby agree that Seller shall sell and Buyer shall buy the following described real property and personal property (collectively
<br />"Property") pursuant to the terns and conditions of this Contract for Sale and Purchase and any riders and addenda ("Contract"):
<br />I. DESCRIPTION:
<br />(a) Legal description of the Real Property located in Indian River County, Florida:
<br />Sas local descriptions. Exhibit "A". attached hereto and made a pard hereof.
<br />'11 (b) Street address, city, zip, of the Property is: 1416 82nd Avenue. Vero Beach. Fl, 32966-6945
<br />'12 (c) Personal Property: None A-1 sonino Parcel ID Noe, 12-33-38-00001-0040-00001.0 and
<br />13 12-33-38-00001-0060-00003.0 (2 parcels) containing 2.412 acres. See Addendum.
<br />14 PLBASS NOTRt THIS CONTRACT SUBJECT TO INDIAN RIVER COUNTY APPROVAL _
<br />15 II. PURCHASE PRICE: ............................................................................................................................................................... $ 33, 969.00
<br />16 PAYMENT:
<br />'17 (a)Deposit held in escrow by N/A (Escrow
<br />'18 Agent) in the amount of..................................................................................................................................................$ -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.......................................................................................................................................$ -0-
<br />'21 (c) Subject to AND assumption of existing mortgage in good standing in favorof N/A
<br />22 having an approximate present principal balance of ...................$ -0-
<br />'23 (d) New mortgage financing with a Lender (see Paragraph IV) in the amount of .................................................$ -0-
<br />'24 (e) Purchase money mortgage and note to Seller (see riderfor terms) in the amount of ..................................$ -0-
<br />'25 (()Other: N/A $ -0-
<br />26 (g) Balance to close by U.S. cash or LOCALLY DRAWN cashier's or official bank check(s), subject
<br />'27 to adjustments or prorations.........................................................................................................................................$ 33.969.00
<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 30 days , the deposit(s)
<br />30 will, at Buyer's option, be returned and this offer withdrawn. 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 />32 one of the Buyer and Seller has signed this offer. Afacsimile 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 ® (a) This is a cash transaction with no contingencies for financing;
<br />'36 ❑ (b) This Contract is conditioned on Buyer obtaining a written loan commitment within _ days after Effective Date for
<br />'37 (CHECK ONLY ONE): ❑ a fixed; ❑ an adjustable; or ❑ a fixed or adjustable rate loan in the principal amount of
<br />•38 $ N/A , at an initial Interest rate not to exceed % , discount and origination fees not to exceed -%
<br />'39 of principal amount, and for a term of- years. Buyer will make application within _ days (5 days if left blank) after
<br />40 Effective 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 fails to obtain a commitment or fails to waive
<br />42 Buyers 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, may
<br />44 cancel this Contract and Buyer shall be refunded the deposit(s); or
<br />'45 ❑ (c) The existing mortgage, described In Paragraph II(c) above, has: ❑ a variable interest rate; or ❑ a fixed interest rate of
<br />'46 % per annum. At time of title transfer, some fixed Interest rates are subject to increase; if increased, the rate shall not
<br />'47 exceed ..__ % per annum. Seller shall fumish a statement from each liloitgagee siaiing the principal balance, method of
<br />48 payment, interest rate and 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 />•51 $ N/A (1 % of amount assumed if left 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 mortgagee makes a charge in
<br />53 excess of the stated amount, Seller or Buyer may rescind this Contract 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 N/A days beforo clusing date, (CHECK ONLY ONE): ❑ Seller shall, at Seller's expense, deliver
<br />'56 to Buyer or Buyers attorney; or ®Buyer shall at Buyer's expense obtain (CHECK ONLY ONE): Habstract of title; or D<title
<br />57 insurance commitment (with legible copies of instruments listed as exceplions attached thereto) and, after closing, an owner's
<br />53 policy of titin insurance.
<br />'59 VI. CLOSING DATE:This transaction shall be closed and the closing documents delivered on as 1�r�a1r�,
<br />60 unless modified by other provision sr�yij,Contract. From effective date (see ec I)
<br />Buyer( Lir; ) (_J and Sellar ( JiC! _) ( 1 acknowledge receipt or a copy rf this page.
<br />FAHIBAR-5 Rev. 8/88 RIDERS CAN BE OBTAINED FROM THE FLORIDA ASSOCIATION OF REALTORS49 OR THE FLORIDA, BAR
<br />Thi; form is Eik€rs.'' fus use with F,>snyiu1attq,_r* Forrna Software by )SG McAllisief Publishing. Inc. 300.336-iO27
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