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<br />THIS FORM HAS BEEN APPROVED 6Y THE
<br />FLORIDA ASSOCIATION OF REALTORSID AND THE FLORIDA DAR.
<br />Contract for Sale and Purchase + C94c6
<br />FLORIDA ASSOCIATION OF REALTOR,%&
<br />2 AND THE FLORIDA BAR
<br />'1 PARTIES: Bernton
<br />2 of •_• 8226 Nothoclands P_KL_9,_BA1gigh, North-C.aa }aa V75"fi-9ese (Phone) NIA
<br />'3 andiredian Rive Qunty, a�r30 i C e.1T d f sLion of hC Q SJ.AG.@_Rf FlOrida ("Buyer"),
<br />4 ofSt}�0 25th B eel, Yar4 Alii. $losida (Phone) {5fi__ 11 Sfi7�eiia0
<br />5 hereby agree that Sailor shall sell and Buyer shall buy the following described real proporty and personal property (collectively
<br />6 'Property") pursuant to the terms and conditions of this Contract for Sale and Purchase and any riders and addenda ('Contract'):
<br />7 f. DESCRJPTION:
<br />*8 (a) Legal description of the Real Property located In County, Florida:
<br />g Spgftj,_deeeription. $xh3liiS. "A", ntr�Qc]��I�:y�q�t}��s3u tS�art herenl:.
<br />10
<br />*11 (b) Street address, city, zip, of the Property ls:_ Sth Z�oy_1; Pero Beach, F1, 3296.0-
<br />'12
<br />2959'12 (c) Personal Properly: ��5 zoD#ft9LL1Sdn4 uee, par 91 I"o_JJ-3-39 -00001-0070-00003 0
<br />13 Parcel �2B,Wri�.U3 ._64.6_4NAFe_44F_te x .4cree. ---
<br />14 FLEABI3 Hr]TiriL 7JIIlf CO h �@ ', IiiDI_AILR_Z_ _O9yNTY Pl!-. pROVi,L
<br />15 ti. PURCHASE i RICE:....,_.......................................................................................................................................................s a r I1s, oo _
<br />16 PAYMENT:
<br />'17 (a)Deposit held in escrow by NLA _ (Escrow
<br />*18 Agent) in the amount of ........................ .........,.,._.,..,......,..,..,..,,..,..,.......... ,.,5 -9-
<br />119 (b) Additional escrow deposit to be made to Escrow Agent within—days after Effective Date (see
<br />'20 Paragraph II1) in the amount of ............................... _............... ........................ ,.,,..,..,,.,,..,..,....,...,....... ............. ..,,......,.,5 -0-
<br />'21 (c) Subject to AND assumption of existing mortgage in good standing in favor of ti�Jt;
<br />22 having an approximate present principal balance of ...................$ -0-
<br />'23 (d) Now mortgage financing with a Lander (see Paragraph fV) in ilio amount of ............................ ..................... S -9- p
<br />'24 (e) Purchase money mortgage and note to Seller (see rider for terms) In the amount of .5 -0- Lr
<br />'25 (f)Other: A $• -9 - �- r
<br />26 (g) Balance to close by U.S, cash or LOCALLY DRAWN cashiers or official bank checks} subiecl
<br />*27 to adjustments or prorallons.............. ............ ___ .............................. ..... .............
<br />28 ill. TIME FOR ACCEPTANCE OF OFFER EFFECTIVE DATE; FACSIMILE: If ihis offer Is not executed by and delivered to all parties
<br />'25 OR FACT OF EXECUTION communicated in writing between the parties on or before _ Npr i�3q,�,1.Q90 the deposil(s)
<br />30 will, at Buyers option, be raWmad and this offerwithdrawn. For purposes of delivery ornotice of execution, parties include Buyer
<br />31 and Seller or each of the respective brokers or attemeys. The data of Contract ("Effective Date') will be 'the dale veher, the last
<br />32 one of the Buyer and Seller has signed this offer. A facsimile copyof this Contract and any signatures hereon shall be considered
<br />33 (or all purposes as an original..
<br />34 IV. FINANCING:
<br />'35 Mi (a)T)TIs is a cash transaction with no contingencies fortinancing;
<br />*36 © (b) This Contract is conditioned on Buyer obtaining a written loan commitment within _ days alter Effectwo Date for
<br />'37 (CHECK ONLY ONE): C a fixed; Can adjustable; or ❑ a fixed or adjustable rate loan in the principal amount of
<br />'38 $ -HLA , at an initial Interest rale 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 comm€lmenl and, thereafter, to satisfy terms and conditions of
<br />41 the commitment and close Ilio loan, Buyer shall pay all loan expenses. It Buyer fails to obtain a cornmilmonl or fails to waive
<br />42 Buyers rights under this subparagraph within [tie 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 ll(c) above, has: [:] a variable interest rate;, or [a a fixed interest rate of
<br />*46 _f/iL. % per annum. At time of tills 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 thu 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 />so necessary application and diligently complete and return it to the mortgagee. Any mortgagee charge(s), not to exceed
<br />*151 $ NIA (1% of amount assumed if tort 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 ilia 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 />155 V, TITLE: EVIDENCE:At least _1(/A- days before closing date, (CHECK ONLY ONE): ❑ Seller shalt, at Sollers expor,so, deliver
<br />'56 to Buyer or Buyers attorney; or JK Buyer shall at Buyer's expense obtain (CHECK ONLY ONE): Nabstract of title; or Xtitle
<br />57 Insurance commitment (with legible copies of instruments listed as exceptions altachod thereto) and, after closing, an owners
<br />58 policy of title Insuranco.
<br />*59 VI. CLOSING DATE:This transaction shall be closed and the closing documents delivered an 60.ggQ
<br />60 ass modified byother provisions ilii Contract. From effective date (See Sec III)
<br />auyer ( 1r? . m { ] and 3*r ler (—I acknow&e Arye receipt of a cagy of this page.
<br />FARMAR-5 Rev. 11198 RIDERS CAN BE OnT
<br />ED
<br />FROM THE FLORIDA ASSOOIATIOt7 OF REALTORSM OR THE FLOR10A OAR
<br />This Form is iicansed for use with Formutntae Forms Software by ISG Ma AllIGtor Publishing, Inc. 844-336.1027
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