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<br />ftii1 d 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 REALTORSrJ
<br />AND THE FLORIDA BAR
<br />11 PARTIES: Np_LYirt 1 _Abernathy("Seller"),
<br />2 of 7950 13th Street, Vero Heach, PloridaJ2966 __ (Phone) NL1fY
<br />'3 and Indian River County, a politic&& Buhdivision-Qt-the_State_.ot__E14rida _ ("Buyer"),
<br />4 of _- 1910-ti>_-�Li44G,�f4r.4_�Qti4h.__Yloridn--329.69-_.___._________ (Phone)_j$¢;1�ST�442,
<br />5 hereby agree that Seller shall sell and Buyer shall buy the following described real property and personal property (collectively
<br />6 "Property") pursuant to the terns and conditions of this Contract for Sale and Purchase and any riders and addenda ("Contract"):
<br />7 1. DESCRIPTION:
<br />'8(a)Legaldescription ofthe Real Property located in___ -__. Indian River _ County,Flodda:
<br />9 __@@.@ le8aidflQCZiptiGJt._AdlhlblL-11 attached hereto_and-- made_ p_Der-t_heriSQJ __
<br />10 -_ - - - - - - - - - ---- -----
<br />'11 (b) Street address,city, zip, of the Properly is: -___---___795.0 12th St., Varo neach,,_F1._32966_______
<br />'12 (c) Personal Property: ---_ tionfl.,__a-7.-zoning, Parcel -ID No. 12-33-38-00001-0069-00001.1.,.--
<br />-
<br />13-..-----7.0^a,@@s3.�Dpxce� CQntnining_13,179_equaro foot or 0.30 ar_rns-•_- ----- _.
<br />1q __--_3LEA.4t Lt4TE�TH28 _GOfi1 RhCT SU13,1F.CTTO INDIA)r RIVER COUNTY APPROVAL______«__._
<br />15 11. PURCHASE PRICE: ................................................
<br />16 PAYMENT:
<br />'17 (a)Deposit held in escrow by__. __._ __ __—__ _._-�tLA__ -_ __ (Escrow
<br />118 Agent) In the amount of .................... ....................................... ................ ..... _... ...... ....... ,.._....... ... ....................
<br />$---- _4— .-
<br />119 (b)Additional escrow deposit to be made to Escrow Agent within.._ -days after Effective date (see
<br />'20 Paragraph 111) In the amount of....................................................................................................................................5 -- --.0.
<br />121 (c) Subject to AND assumption of existing mortgage in good standing in favor of NLA
<br />22 an approximate present principal balance of ...................$_ 4--
<br />'23 (d) New mortgage financing with a Lender (see Paragraph N) in the amount of...... ............ ...........................E
<br />'24 (e) Purchase money mortgage and note to Seller (see rider for terms) in the amount of ...................... ............ E
<br />'25 (f )Other: _ _ NQDe__---•-------------------------$--- 4_=_.____
<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.........................................................................................................................................$_
<br />28 Ili, 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 - _ march _30._3040_. _ . 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. A facsimile copy of this Contract and any signatures hereon shall be considered
<br />33 for all purposes as an original.
<br />34 N. FINANCING:
<br />'35 N (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; C] an adjustable; or [1a 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 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, may
<br />44 cancel this Contract and Buyer shall be refunded the deposit(s); or
<br />'45 ❑ (c) The existing mortgage, described in Paragraph 11(c) above, has: ❑ a variable interest rate; or ❑ a fixed interest rate of
<br />'46 _NLA % 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 furnish a statement from each mortgagee stating 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 promp!!y 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 accepter 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 days before closing date, (CHECK ONLY ONE): ❑ Seller shall, at Seller's expense, deliver
<br />'56 to Buyer or Buyer's attorney; or ®Buyer shall at Buyers expense obtain (CHECK ONLY ONE): Nabstract of title; or Ntitle
<br />57 insurance commitment (with legible copies of instruments listed as exceptions attached thereto) and, after ciusiny, 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 60 days_,
<br />60 un] ssmodified byother provisions ofthContract. From effective date (See Sec III
<br />Buyer ( J ( ) and Seller (*7111410I(_)acknowledge receipt of a copy of this page.
<br />FARfBAR-5 Rev.8198 RIDERS CAN BE OBTAINED FROM THE FLORIDA ASSOCIATION OF REALTORS^_e OR THE FLORIDA BAR
<br />This form is licensed for use with Formulatar" Forms Software by ISG McAllister Publishing, Inc. 800.336-1027
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