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<br />THIS FORM HAS BEEN APPROVED DY THE
<br />FLORIDA ASSOCIATION OF REALTORS® AND THE FLORIDA BAR, I
<br />Contract for Safe and Purchase
<br />FLORIDA ASSOCIATION OF REALTORS+
<br />AND THE FLORIDA BAR
<br />I
<br />PARTIES: Charles R. Soxton, Jr. (TRI ("Setter"),
<br />of 4650 17th Streat SW, Vgr4 nitiLVtl fbor ¢it 32968 (Phone) 567-5Q55
<br />and Indian -Vii q County. m —I ifieal aubdivioSon of itis Stnt© of Florida ("Buyer`).
<br />of 1840 25th Street:, Vorg_ Beach, rlQrida 32960 (Phone) .,_(561). 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 torms and conditions of this Contract for Sale and Purchase and any riders and addenda ("Contrac("):
<br />L DESCRIPTION:
<br />(a) Legal description of the Real Properly located In Indian River County, Florida:
<br />Se® d hereto and made a oar • —agf„
<br />'11 (b) Street address, city, zip, of the Property Is: 5th street SW, Vera Beach, Fla, 32968
<br />'12 (c) Personal Property: _ Rs -3 zoning/L-1, Land Van. Parcol ID No. 21-33-3900641-0090-0QQ0J,D
<br />13 parcel Is 601 x 654.96P containing 39.297.6 aquas feet, or 0.902 Agree.
<br />14 PJAMS8 NOTE: TRIS CONTRACT I8 SUBJECT TO INDIAN RIVER COUNTY APPROVAL. 3$£ ALfD8A7DVM.
<br />15 11. PURCHASE PRICE :................... --................. ............... .,.,..................... --....... ........ .............. --- ........... .....,.,................... $ 30,861.00
<br />18 PAYMENT;
<br />117 (a)Deposlt held In escrow by NIA (Escrow
<br />'18 Agent) in the amountof.......................... --................ --- ................ „.,,.,,.............. ,.................. ..,............ ---- .....,.,,.$_ -0-
<br />•19 (b) Additional escrow deposit to be made to 'Escrow Agent within days after Effective Date (see
<br />'20 Paragraph iii) In the amount of.... ................. ............. ............... - ............. --- ....... .......... ............ -Q-
<br />'21 (c) Subject to AND assumption of existing mortgage In good standing In favorof X/A -
<br />22 having an approximate present principal balance of ...................$ -0-
<br />'23 (d) Now mortgage financing with a Lender (see Paragraph IV) in the amount of .................................................$ -0-
<br />'24 (e) Purchase money mortgage and note to Seller (see rider for terms) in the amount of ..................................$ -0-
<br />'25 (F ) Other: N/A $ -0-
<br />26 (g) Balance to close by U.S. cash or LOCALLY DRAWN cashioes or official bank chock(s), subject
<br />'27 to adjustments or prorattons..... ........... .............................. .................... ....................................... .................. .............. $_ 30.861.00
<br />28 111. 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 _Juno 15, 2000 , the doposit(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 data when the last
<br />32 one of the Buyer and Seller has signed this offer. Afacsimile copy of (lits Contract and any signatures hereon shall be considered
<br />33 for all purposes as an original,.
<br />34 IV', FINANCING:
<br />135 ® (a) This is a cash transaction with no contingencies for financing;
<br />'36 ❑ (b) This Contract is conditioned on Buyer obtaining a written loan commilment within _ days offer Effective Date for
<br />'37 (CHECK ONLY ONE): ❑a fixed, ❑an adjustable; or Ela fixed of adjuslable rale loan In the principal amount of
<br />'33 $, NIA , 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 condilionr of
<br />41 the commitment and close the loan, Buyer shalt pay all loan expenses. It Buyer faits to obtain a commitment or falls to waiva
<br />42 Buyer's rights under this subparagraph within the time for obtaining a commitment or, after diligent effort, falls to meet the
<br />43 terns and conditions of the commitment by the closing dale, 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 />'48 ❑ (c)The existing mortgage, described In Paragraph tl(c) above, teas: ❑ a variablo interest rale; or Q a fixed Interest rate of
<br />48 NA_ % parannum, At time of title transfer, some fixed interest rates are subject to increase; H Increased, the rate shall not
<br />'47 exceed % per annum. Seller shall furnish a statement from cacti mortgagee stating the principal balance, method of
<br />48 payment, Interest rate and status of mortgage oraulhorize 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), shalt 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 (his 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. TTTL.E EVIDENCE: At least _/A_days before closing date, (CHECK ONLY ONE): n(Si,,Ior shall, at Sollar's expense, deliver
<br />'56 to Buyer or Buyer's attorney; or iK Buyer shall at Buyer's expense obtain (CHECK ONLY ONE): N abstract of title; or M title
<br />57 Insurance commitment (with legible copies of Instruments listed as exceptions attachad thereto) and, after closing, an owner's
<br />68 policy oftitioInsurance.
<br />'69 VL CLOSING DATE:Thls transaction shall be closed and the closing documents delivered on GQ_daya _
<br />60 untoI modifia a orprovisfonsof1 1s nlracl, rrgm effective date (See Sec III)
<br />a uyar (. { ) end Seiler i ( ¢ scl.nbwladas racel"t br s copy of Ibis Astlo,
<br />FARIBAR_d Rbv. V011 AlDtnti CAN Br; 90TAINED FROM TH& FLORIDA A5S0GfA1P1ON OF REAL ORS?, OR THC FLORPOA BAR
<br />This form in licerlaad for use wittt Formulfstor^ Forma Software by PSG McAllisler Pubilshina, Inc nnO 1-36.1027
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