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<br />SS X14 t 1.OSurES:
<br />84 (a) Radon Is a naturally occurring radioactive gas that whol1 accumulated 1n a building in sufficient rivan9rties way pTGsent
<br />85 health ri&M to persons who are exposed to it Over time, LOveln of radon that exceed federal and stele guidelines have been
<br />86 found In buildings in Florida. Additional Information regarding Radon or Radon testing may be obtained from your County
<br />a7 Public Health unit.
<br />Be (b) Buyer acknowledges receipt of the Florida Building Energy -Efficiency Rating System Brochure.
<br />9$ (c) If lila real properly Includes pre -1978 residanliat housing then a lead-based paint rider Is mandatory.
<br />g0 (d} If Salter III a 'foreign person" as defined by the Foreign investment in Real Property -tax Act. the partlos shall comply with
<br />91 Ihal Act.
<br />92 (0) 0 Buyer will be obligated to be a rriemberof a homeown0rs'assoeielton, BUYER SHOULDNOT EXECUTETHIS CONTRACT
<br />93 UNTIL 13UYERHAS RECEIVED AND READ THE HOMEOWNERS'ASSOCIATION DISCLOSURE.
<br />94 %III. MAXIMUM REPAIR COSTS: Seller shall not be responsible for payments In excess or:
<br />95 (a) 5 stilt for treatment and repair under Standard D (if blank, [hen 2% of the Purchase Price).
<br />98 (b) y ------ II/S for repair and replacement under Standard N (if blank, than 3% of the Purchase Price).
<br />197 YIN. SPECIAL CLAUSES; ADDENDA: If additional terms are to be provided, attach addendum and CHECK HERE 04,
<br />98 IPV. STANDARDS FOR REAL ESTATE= TRANSACTIONS: Standards A through W ail the reverse side or attached aro Incorporated
<br />99 as a part of this Contract.
<br />100 THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. iF NOT FULLY UNDERSTOOD, SEEK THE ADVICE OF
<br />101 AN ATTORNEY PRIOR TO SIGNING.
<br />102 THIS FORM HAS 0EEN APPROVED BY THE FLCRI DAASSOCIATION OF REALTORSO AND THE FLORIDA BAR -
<br />103 Approval does not consul ufe an opinion that any of the terms and conditions in this Contract should be accepted
<br />104 by the p,arf!" in a particular fransaction. Terms and condiflons should ba negotiated based upon file
<br />105 respective interests, objecfives and bargaining positions of all interested persons.
<br />106 COPYRIGHT 1998 BY THC= FLORIDA BAR AND THE FLORIDA ASSOCIATION OF REALTORSO
<br />• 107 16 aAr° -IAl Q o =
<br />108 (Buyer) Fran B. AdBffiB; Chairman (0010)
<br />"109 Socl 0i%ityorTaa�x I. #._ B aionaF� Social SecurityorTax t.D.tt�_ —
<br />•110���`�_ }^: �� 23 01'1.
<br />`111 (Buyer) Ronald L. Callahan, S.R.A. (bate (Senor} (Date)
<br />'112 Social Security or Tax I.D. # Co, -Richt-al,-tVAY AraBnt Social SecurityorTax I.D. #
<br />113 Deposit under Paragraph 11 (a) received; IF 'OTHER THAN CASH, THEN SUBJECT TO CLEARANCE.
<br />114 H (Escrow Agent)
<br />115 BROKERS FEE: The brokers named below, including listing and cooperating brokers, are the only brokers entitled to
<br />116 compensation In connection with this Contract:
<br />'117 Name: NIS— RIA
<br />118 Cooperating Brokers, if any Listing Broker
<br />119 STANDARDS FOR REAL ESTATE TRANSACTIONS
<br />120 A, EVIDENCE OF TITLE:(I) An absiract of 1111prepared or trough( Current by a raps'"
<br />121corllllao as correct by an existing firm) purporting to be an accurale synopsis of Ito in
<br />122 the public records of the county who(aln Ilia real pFOPDfIY is located thfodgh Efleotivq f
<br />123 Or such later dale as may be tuslomary in the county. Upon closing of Phis COglfact, in.
<br />124 Iho (lghi of retention thereof by first mortgages until fully pald. (2) A Iltt insurance
<br />125 agreeing to Issue Buyer. upon recording of the deed to Buyer, od ownor's policy of tills I'•st1,An River Courtly art R•.ri'r:O P.C..A
<br />12% Buyer's title to the coal properly, subject only to Plans, oncumbranCas, OxCsptlons or
<br />127 dischargod by Seller at or belera closing. SCIPsr shall convoy marketablo title 5ubloct c
<br />128 pros^Idod in Ihis Contracl. Markeloblo utM shall be detormined according 10 applicable s / I$ I
<br />129 and In accordance with law, aeyor sopit have 5days Prom dale of rocoiving evidence , -------•-1_
<br />I36 shall wilhln said 5 days notify Seller In writing specifying the ddrect(5). If dalacl(s) I �r �.2
<br />131 reenipi of P, JCO (0 ramevd the de(OCls, failing which Buyer 64461, within ileo QS) days all -.,._r. I
<br />1a2 natbca to Seller oithc(: (Ii extending (he time for a reasonable period not Pe exceed 1 ' {� .h7�'- O
<br />133 remove Iia defects: or (2) requesting arefund of depsslt(s) paid which shall be ImmediE-
<br />134 Buyer stall be deemed to have accepted The trio as It Then Is. Sopor shalt, If trile is lar
<br />135 within kilo time provided therefor. II Salver Is unable to Umety corroct the defaces, Buy.
<br />I 3 deposil(6), thereby feleasing Buyer and Seller Prom all Inflict obligations under Ihis Col Z
<br />137 5 days prior to closing. Buyer may extend closing dale so [her Buyer shall Provo up is ? •A-:^Y't'r'•r'''f
<br />136 same In BCtordarica with this Standard.
<br />130 U. PURCHASE MONEY MORTGAGE: SECURITY AGREEMENT TO SELLER: A pure
<br />140 provlde far a 30 -day groco porrod In the event of default II a first merteags and a 15 - -
<br />141 provide for tight at PFOPAVMsnl In whslO Cr In pori whhout penalty: 511011 permit accolora
<br />142 an prior lions and encumbrances to be Rapt In good standing and torbld modlflc allon5 0#
<br />143 Buyer to maintain policies of Insurance contalning a standard mortgagoo clauss cover!,
<br />144 FIFO and all perils included within the term'exlonded coverage ondorsomsnls' and suet
<br />145 to on amount equul to their highnel Insurable value; and the mortgage. nate and sucuhty t
<br />146 by Seiler; but Setior may only roqurrs clauses and Co'varago customarily found in Monte
<br />147 oklizod by savings and loan institutions or stale Or n.11onal banks localoo In the cc
<br />148 property and 182509 being CeOr assigned wlll, at Seller'1 opilon, he sublocl In tho hien of a socurlty dg(o0rns01 evW*need by recorded
<br />nvOyod
<br />149 financing statements. if a balloon mortgage, the final payment will OxCsed the periodic paymool5 thornon.
<br />154 C. SURVEY; Buyor, at euy0r's exponsa, within time allow0d to deliver evidence of 111h, and to examine same, may have the real property survayed
<br />5G1 and Cern(Isd by a ropisterod Florida auFvoyar. If file survey discloses encroachments On the foal properly or that impruvum*nha located kharoun
<br />152 encroach 00 setback lines, easminanls, lands OF others OF violate any restrictions. Csnlract covanante Or applicable pOverorouir 1 regulalren, the
<br />153 same shall constitute a title dole Cl.
<br />15A 0. TERMITESIwOOD DESTROYING ORGANISMS: Buyer, at Buyer's expense, within file 0010 allowed to deliver evidence at title, may hove the
<br />155 Properly lnspscted by a Florida Carllfled Pool Control operalor ('Operator') to dOtonMlne 11 lhOla 45 any YI51t}Io pcllve' 14 rmne InfeblalYan of
<br />15B visible damage Frohn tsrmrto ioreslallon, excluding forces If Daher or bath are found. Buyor shall have 4 days from dale of written notice thereof
<br />(57 within which Po have cost o4 lraalmonF. lr required, estimated by the Gporatar and art damage FOspecled and asilmatu'd by a licunsud builder or
<br />F58 general cbnlrOClar. Sailor shall pay valid costs or Iroelmeni and (*pair Of oil damage up 18 the amount provided 111 Raragrapri XIN (a). It
<br />150 estimated coals exceed thot amount. Buyer shall have the option at canceling this Contracl within 4 days 011OF racolpi of contractor's repair
<br />100 estimate by ghving wiliton notice to SnNUF or Buyer may Ouct IO pfasaod with the I(ansactien, and rocotvo a Credit al closing on tho amount
<br />101 prvvldod In Pa,ogroph XIII (a). 'Termilas' shop be dc -mad 10 Include a7i wood duslroyrng ergsnlsrns roqulrod 1e 40 fpparisd under the Florida Post
<br />102 Central Act, as amondod.
<br />IB3 E. IN ORE SS AND FORE 551 Sailor warrants and Fspfesants 11131 there 15 ingruss and egfosa to Its cool properly aurrii:lenl fug intended use
<br />194 as delCrlbod in Paragraph VII heraur. Mlle In which Is in accordance with Slandard A
<br />105 P. LEASES: Solley shall, sol less Ilton 15 days befafe c1051ng, furnish la Buyer Caples OI all wrrlisn leasaa and asloppel tellers Prem soot
<br />198 tonanl spacilying RIO nature and duration Of file Fonarll's occupancy, rental rales. advanced rent and security deposit paid by too,aill. II Salle, Is
<br />107 unableto atlata such Pallor from oach tenant, the some Information shelf hn furors Piod by Sellar and euya( within that time period In Iho formal a
<br />199 Seller's sfildavil, and Buyor may 11,00011lar contact tonanl to Csnhrm such infnrnlaltan Seller shall, Al CIo51ng, deliver and assign all Original
<br />199 looses to Buyer.
<br />170 G. LIENS Sallbr shall furntah la Buyal at (imu of closing an allidarrt atialtmg to file absence, unless Olhofw118 prsvhded (of heroin, OF any
<br />171nnancing , llatenlont, claimof tion Of PDIOnl101 Boners known to Seller and furlhar nliesttng Ilial there have boon no wiptovemonts no Porous 10
<br />172 Ina real prgp*rty lot 00 d*ys lmmadlalaly Praceding dal* V1 41eS h'd 11 the reed propofly 6411, boun Improved or repalrad whthln that Irma, Sollor
<br />Buyer I _ -if- I and seller 1_._.. 1 I- — _ _ P sctnow Ndge receipt Of s COPY of this pass.
<br />r ARrBAR.5 Raw Sf9S RFuERSCAN BE OBTAIHCO FROM'ltfC FLORIDA ASSOCIATION OF RBALTOIi::S- Oft Till, FLOR40A BAR
<br />Thin form Iv I,c+ ,lV.,ll lvr urea, "th F437TI MLptar's FRrrrre n gth%xre by ISG fdcAlllslel Publetlmg, lilt 600-3I0 tO� r
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