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<br />THIS FORM HAS BEEN APPROVED BY THE 7 -j
<br />FLORIDA ASSOCIATION OF REALTORSO AND THE FLORIDA BAR. + t9Q- `
<br />Contract for Sale and Purchase
<br />FLORIDA ASSOCIATION OF REALTORM
<br />AND THE FLORIDA BAR,
<br />•1 PARTIES: (`Seller")
<br />2 of _ 1j6 3rd Av( ue Sji. veno Head. Fjgrida 3a4 (Phone) (541) 778-25SO ,
<br />'3 and Indian River County. a nolitieAJ_j. tbsii3AsJQn_of the State of PlogfdA (`Buyelrl,
<br />4 of 1840 25th Straal �Y g_>leach. Florida 32964 (Phone) (961), 567_Q.M. ,
<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 terms and conditions of this Contract for Sale and Purchase and any riders and addenda ("Contract'):
<br />7 I. DESCRIPTION:
<br />•8 (a) Legal description of the Real Property located in radian ,liver Counly, Florida:
<br />9 BSA_1 !gal dl@ '. .tri "Aw and H■ at rrlrwei ha Ne rnA wide a_v,;rt_herrol.
<br />1D 58th Ave.4_let St. SW Fronoaed R/W,�Parc@],e Io51i i I451W• cgp�elaina a total of, 33 acre
<br />• 1 i 4009M., ------ An _follown r L•a • ,�] $ 6441Ao a , 5.148 4e, r T
<br />'12 Oak Tres S1.444.4Qj_gQplacement Artes, Mall__(R@x Fro2osa1) 96 4440*'
<br />13 Saverance Ilsmetae to bldu. $8.243.24r Increase in Insur.Prenritmi for AlAn. nvAi wn.a
<br />14 -conformity of eq_>r- T
<br />15 It. PURCHASE PRICE:VaIIJ°r..tiS1Sl9--axaxe..of..a.liven.a..l0.year,.jlDlding..perjod .. q,M.71_....,....5
<br />16 PAYMENT: Grand Total of $29,704.91 Proposed Purchase Price.
<br />'17 (a)Deposit held in escrow by (Escrow
<br />118 Agent) in the amount of ............................................ ................................. ................. .... - ......... .......$ Oh
<br />'19 (b) Add it io na I escrow deposit to be made to Escrow Agent within days after Effective Date (see
<br />120 Paragraph III) in the amount of.............................................................. .........................................................................5
<br />'21 (c) Subject to AND assumption of existing mortgage in good standing in favor of
<br />22 hLving an approximate present principal balance of ...................$
<br />'23 (d) New mortgage financing with a Lender (see Paragraph IV) in the amount of ....................... ....... _.............. $
<br />'24 (e) Purchase money mortgage and note to Seller (see rider for terms) in the amount of ..................................$_
<br />'25 (1 ) Other: $
<br />26 (9)Balance to close by U.S cash or LOCALLY DRAWN cashier's or official bank check(s), subject
<br />'27 to adjustments or prorations ........ ........ ........ ................. .......S
<br />28 III. TIME FOR ACCEPTANCE OF OFFER; EFFECTNE DATE; FAMMILE. If this offer is not executed by and delivered to all parti
<br />'29 OR FACT OF EXECUTION communicated in writing between the parties on or before - 15-D", �� , the deposit(s)
<br />�
<br />30 will. at Buyer's option, be returned and this offerwithdrawn. For purposes of delivery or notice of execution, parties include Buyer r(�r
<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`f
<br />33 torah purposes as an ongina1, Please Note: This Contract i s Subject to Irl[
<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 ahtaining a written loan commit
<br />'37 (CHECK ONLY CINE): ❑ a fixed; Elan adjustable; or ❑ a fixed or adjt
<br />138 $ , at an initial interest rate not to exceed _ % , disco
<br />139 of principal amount, and for a term of years. Buyer will make app,
<br />40 'Effective Date and use reasonable diligence to obtain a loan commitment on,
<br />41 the commitment and close the loan. Buyer shall pay all loan expenses. H Buy
<br />42 Buyer's rights under this subparagraph within the time for obtaining a comm
<br />43 terms and conditions of the commitment by the closing date, then either pan
<br />44 cancel this Contract and Buyer shall be refunded the deposit(s); or
<br />'45 ❑ (c) The existing mortgage, described in Paragraph Il(c) above, has: ❑ a va
<br />'46 % per annum. At time of title transfer, some fixed interest rates are sul
<br />'47 exceed - % per annum. Seller shall furnish a statement from each mod
<br />48 payment, interest rate and status of mortgage or authorize Buyer or Closing A
<br />49 assume a mortgage which requires approval of Buyer by the mortgagee for ai
<br />5e, necessary application and dili ent I t
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<br />151 $ (1% of amount assumed if keit blank), shall be paid by I
<br />52 the requirements for assumption are not in accordance with the terms of 1
<br />53 excess of the stated amount. Seller or Buyer may rescind this Contract by
<br />54 elects to pay the increase in interest rate or excess mortgage charges.
<br />155 V, T rLE EVIDENCE: At feast - hays before closing date, (CHECK ONLY ONE): ❑ Seller shall, at Seller's expense, deliver
<br />56 to Buyer or Buyer's attorney; or ,X Buyer shall at Buyer's expenso obtain ]abstract of title; or 9 title
<br />57 insurance commitment (with legible copies of instruments listed as exceptions attached thereto) and, after closing, 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 -ox-before 6e, gy:. ,
<br />60 unless modified by other provisions of this Contra from "Effective Date' (See III)
<br />6e4—V I and sailor (_ _ r [ l I act.+,owlyd r r�ui l cd a on
<br />0 p AY ar thio pap r.
<br />FAR1BpH.5 Rei. er9E RIDERS CAN BE OBTAINED FROM THE, FLORIDA ASSOCIATION OF REALTORSO OR THE FLORIDA DAR
<br />This Corm rs incensed for use with FneTrK4Int9rr+ Forms Software by ISG McAllister Publishing, Inc. 800.33e.9027
<br />Nlrte; This is a Revised Untract which replaces all previous submittals or offers.
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