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y 1111111111 40 THIS FORM HAS BEEN APPROVED BY THE -371 FLORIDA ASSOCIATION OF REALTORSO AND THE FLORIDA BAR. Contract for Sale and Purchase FLORIDA ASSOCIATION OF REALTORSS AND THE FLORIDA BAR "1 PARTIES: Kathr("Salle m Knrrick C1v f 2 of 1765 27th Avenue Vero_ ach Florida 3296x.0.-3191 (Phone) N/A "3 and Tnriian Iva County. a si5l i�iV;"a n of the StpY� oL P}s ra ("Buyer"), 4 of _ 18$2kfEeet Vasa Beach WI-44,t6t1 (Phone)—5�,j,1._ 569-849, 5 hereby agree that Seller shall sell and Buyer shall buy the fallowing described reef property and personal property (collectively 6 "Property") pursuant to the terms and condltlons of this Contract for Sale and Purchase and any riders and addenda ("Contract"): 7 1. DESCRIPTION: n v r County' Florida: � g gsl tigg r lost Rxhibit "A" nttactta ha=eto artd made a= e4$ _� '10 Ili 1,- xl 329G8 '11 (b) Street address, city, zip, of the Property is:_ 6th@fir Vero B *12 (c) personal Property: 3— +iriglL- . Laaid Vaa Pereal ID IIo _21- 3J-440(11-0074-11r�i�p T 2 @_feegr tl•_47� wrrBs. 14 PLRASIi NOTECD*>TT+ 4'T I9 tiTdBJBCT TO INP _1t��R COUNTY ,71PI'Rt]VAIs SRR AD MMM- 14 If. PURCHASE PRICE: _..... ......................................-..............,............. .............. ...........$ 12 ,76.62- -- 16 6.616 PAYMENT: (Escrow *17 (a) Deposil held in escrow by *18 Agent) in the amounlaf.......................,.......................................................... $ -_ -4- 119 (b)Additional escrow deposit to be made to Escrow Agent wlthin—days after Effective Date (see *20 Paragraph III) to the amount of ......................... ..... .'...... . I - *21 (c) Subject to AND assumption of existing mortgage in good standing in favorof t31L $ -4- 22 having an approximate present principal balance of.,....., "23 (d) New mortgage financing with a Lender(see Paragraph IV) in the amount of ............... ......-1- .......... . $ - '24 (e) Purchase money mortgage and note to Seller (see riderfor terns) In the amount of ................................$ -0- -17- •25 (f ) Other. 26 (g)Balance to close by U.S. cash or LOCALLY DRAWN cashier's or official bank check(s), subject `27 to adjustments or prorations „..... ... 2B 119. TIME FOR ACCEPTANCE OF OFFER; EFFECTIVE DATE; FACSIMILE: 9f this offer Is not executed by and delivered to all parties '29 OR FACT OF EXECU71ON communicated in writing between the parties on or before __NLA --artiest a deposit(s) sit(er 30 will, at Buyers option, be returned and this offerwithdrawn. For purposes of delivery or notice of execution, p y 31 and Seller or each of the respective brokers or attorneys. The date of Contract ("Effective Date") will be the date when the last 32 one of the Buyer and Seller has signed this offer. Afacsimile copy of this Contract and any signatures hereon shall be considered 33 for all purposes as an original. 34 1V. FINANCING: '35 (a) This is a cash transaction with no contingencies forfinancing; *36 ❑ (b) This C-ontract is conditioned on Buyer obtaining a written loan commitment within _— days after Effective Date for '37(CHECK ONLY ONE): D a fixed; Dan adjustable; or Ela fixed or adjustable rate loan 9n the principal amount of *38 $ NIA at an initial interest rate not to exceed — % , discount and origination fees not to exceed 139 of principal amount, and for a term of years. Buyer will make application within _ days (5 days if left blank) after 40 Effective Date and use reasonable diligence to obtain a lean commitment and, thereafter, to satisfy terms and conditions of 41 the commitment and close file loan. Buyer shall pay ail loan expenses. If Buyerfails to obtain a commitment or fails to waive 42 Buyers rights under this subparagraph within the time for obtaining a commitment or, after diligent effort, fails to meet the 43 terms and conditions of the commitment by the closing date, then either party thereafter, bywritten notice to the other, may 44 cancel this Contract and Buyer shall be refunded the deposit(s); or '45 D (c) The existing mortgage, described in Paragraph 11(c) above, has: D a variable Interest rate; or D a f9 ed interest rale of *46 HJA % per annum. At time of title transfer, some fixed interest rates are subject to increase; if increased, the rate shall riot '47 exceed % per annum. Seller shall furnish a statement from each mortgagee stating the principal balance, method of 48 payment, interest rate and status of mortgage orauthorize Buyeror Closing Agent to obtain the same. It Buyer has agreed to 49 assume a mortgage which requlies approval of Buyer by the mortgagee for assumption, then Buyer shall promptly obtain the 50 necessary application and diligently complete and return it to the mortgagee. Any mortgagee charge(s), not to exceed 151 $ It}A (1 % of amount assumed if left blank), shall be paid by Buyer. If Buyer is not accepted by mortgagee or 52 the requirements for assumption are not in accordance with the terms of this Contract or mortgagee makes a charge in 53 excess of the stated amount, Seller or Buyer may rescind this Contract by written notice to the other party unless either 54 elects to pay the Increase in interest rate or excess mortgage charges. '55 V. TITLE EVIDE=NCE: At least _NLA- days before closing date, (CHECK ONLY ONE): D Seller shall, at. Seller's expense, deliver '56to Buyer or Buyer's attorney; or jai Buyer shall at Buyers expense obtain (CHECK ONLY ONE): M abstract of fitlo; or X title 57 tnsurance commitment (with legible copies of instruments listed as exceptions attached thereto) and, after closing, an owners 5a policy of title insurance. *59 VI. CLOSING DATE:This transaction shall be closed and the closing documents delivered on oR 13EPOES 6Q-VAYS 60 unless modified by ❑lhor provisions of this Contract. Buyer t.) () and Seller f 1 ( _ I acknowied9e receipt of a copy of this 1`096. FAR13AR-5 Rev- W" RIDERS CAN BE OBTAINED FROM THE FLORIDA ASSOCIATION OF REALTORS4e OR THE FLORIDA BAR This form is licensed for use with IFOrMullatOra Forms Software by ISG McAllister Publishing, Inc. 800.336-1027