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HomeMy WebLinkAbout2013-078 A TRUE COPY CERTIFICATION ON LAST PAGE INDIAN RIVER COUNTY, FLORIDA I . R . SMITH , CLERK f O I MEMORANDUM Tt Uri 3 - J3 d2v / 3D7e TO : Joseph E. Flescher, Board of County Commissioners Chairman THRU : William K. DeBraal, Deputy County Attorney W�� - DATE : April 18, 2013 RE : Disposition of a Neighborhood Stabilization Program Property FROM : Bill Schutt, AICP ' Senior Economic Development Planner DEPARTMENT HEAD APPROVAL : Z/01 (Initials jequire County Ordinance Number 2012- 006 established procedures for acquiring, rehabilitating, and disposing of single family homes through the County ' s Neighborhood Stabilization Program (NSP) • Section 308 . 15 (6) of that ordinance (copy attached) authorizes the Board of County Commissioners Chairman to execute deeds and other documents associated with the sale of NSP properties . Attached for your execution is a proposed deed for the sale of 798 Mulberry Street, Sebastian FL 32958 . Also attached for your reference is a copy of the sale contract. The property is scheduled to close on Tuesday, April 30 , 2013 . Please contact me at extension 1243 when the deed has been signed and I will coordinate to get the deed to the title company for the closing . Thank you ! FACommunity Development\CDBG\2008 NSP\Housing Sales\HOUSING UNITS\Pending\798 Mulberry\Deed\Signature Memo - 798 Mulberry.docx 1 A TRUE COPY Parcel #31 -3&111 00001mlW-o0017. 0 CERTIFICATION ON LAST PAGE This document was prepared J . R . SMITH , CLERK by and should be returned to: Jason A. Beal Atlantic Coastal Land Title Company, LLC 3850 20M St., Suite 4 Vero Beach, FL 32960 COUNTY DEED INDIAN RIVER COUNTY, FLORIDA THIS DEED , made this 19th day of April , 2013 , by INDIAN RIVER COUNTY, FLORIDA , a political subdivision of the State of Florida , party of the first part , whose address is 1801 27th Street , Vero Beach , Florida 32960 , and Alyssa Romanowiz, whose address is 798 Mulberry St . , Sebastian , FL 32958 , parry of the second part , Witnesseth : That the said party of the first part, for and in consideration of the sum of Ten Dollars to it in hand paid by the party of the second part , receipt whereof is hereby acknowledged , has granted , bargained , and sold to the party of the second part , its heirs and assigns forever, the following described lands lying and being in Indian River County , Florida . SEE EXHIBIT "A" ATTACHED HERETO AND MADE A PART HEREOF IN WITNESS WHEREOF the said party of the first part has caused these presents to be executed in its name by its Board of County Commissioners , acting by the Chairman of said Board , the day and year aforesaid . INDIAN RIVER COUNTY , FLORIDA By its Board of County Commissioners Attest: Jeffrey R . Smith , Clerk of Co and Co oiler °%1SS1o " + �.� *`�M NF`° • • A �4 • By D (!:O�Joseph E . Flescher , Cha;f iia : c BCC approved : May 1 2012`` ; �� '� . ' � . • ' ;�a, ' t i/ RIVER �ivil il Approved as to form and a " krviG fficien y : ,�.._ Ice William K. DeBraal Deputy County Attorney F :\Community Development\CDBM2008 NSMousing Sales\HOUSING UNITS\Pending\798 Mulberry\Deed\43079887.deed.doc n A TRUE COPY CERTIFICATION ON LAST PAGE J . K . BARTON , CLERK ORDINANCE NO, 2012- 006 AN ORDINANCE OF THE BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA CREATING PART 2 OF CHAPTER 308, INDIAN RIVER COUNTY NEIGHBORHOOD STABILIZATION PROGRAM (NSP) ACQUISITION, REHABILITATION, AND SALE PROCESS ; PROVDING FOR ESTABLISHMENT OF PROCEDURES FOR COUNTY ACQUISITION, REHABILITATION AND SALE OF FORECLOSED OR ABANDONED PROPERTIES WITH NSP FUNDS; AND PROVIDING FOR REPEAL OF CONFLICTING PROVISIONS; CODIFICATION; 'SEVERABILITY; AND EFFECTIVE DATE. WHEREAS, The United States Congress enacted the Housing and Economie Recovery Act of 2008, providing for emergency assistance for the redevelopment of abandoned and foreclosed homes; and WHEREAS, the Neighborhood Stabilization Program (NSP) was a part of the Act; and WHEREAS, Congress authorized funding in the amount of $2,000,000,000 in order to carry out the purpose of the Act, and WHEREAS, Indian River County, in 2009, was awarded $4,680,825 in Neighborhood Stabilization Program funds in the form of a Community Development BIock Grant; and WHEREAS, the NSP permitted participating Counties to enter into agreements with qualified sub- recipients such as the Indian River County Housing Authority so that the Housing Authority could participate in the Neighborhood Stabilization Program and acquire, rehabilitate, and sell foreclosed or abandoned homes; and WHEREAS, the Indian River County Housing Authority has terminated its NSP agreement with the County, however the County desires to continue participating in the NSP and acquire, rehabilitate, and sell foreclosed or abandoned homes which duties were formerly performed by the Housing Authority; and WHEREAS, the County will acquire title to NSP properties in its own name only for the amount of time it takes to rehabilitate the properties before they are sold to low - or moderate income households which' are the only purchasers who are eligible to buy the NSP houses WHEREAS, ordinarily, a County may sell real property only via the competitive bidding process - found in § 125 .35 , Fla. Stat. (2011 ), however, the competitive bidding process does not apply to NSP . ..horwsales•because • the sale is conducted pursuant to a federal act which supersedes state and local law • the homes may be sold only to low or moderate income households which negates the need for any bidding process • the Housing and Economic Recovery Act of 2008 and the American Recovery and Reinvestment Act of 2009 both recite that the Acts were emergency in nature, which negates the competitive bidding process WHEREAS, in order to run the NSP in a fair and equitable manner in compliance with the County Comprehensive Plan and in the abundance of caution, the Board desires to set forth in ordinance the processes for the acquisition, rehabilitation and sale of foreclosed or abandoned homes 1 A TRUE COPY _ CERTIFICATION ON LAST PAGE J . K. BARTON , CLERK ORDINANCE No. 2012- 006 NOW, THEREFORE, BE IT ORDAINED by the Board of County Commissioners of Indian River County, Florida, that: SECTION 1 . Findings The Board finds that the above "WHEREAS" clauses are true and correct, and hereby incorporates such clauses as findings of fact, SECTION 2. Creation of Part H of Section 308 Title III, Police Power, of the Code of Indian River County is hereby amended to create Part II Section 308, as follows: Section 308.11 — Title This Part of Chapter 308, the terms and the provisions contained herein, shall be known as the Indian River County Neighborhood Stabilization Program Acquisition, Rehabilitation, and Sale Procedures and Standards. Section 308. 12 — Purpose and Intent Since 2009, Indian River County has participated in the Neighborhood Stabilization Program, NSP, as created by the Housing and Economic Recovery Act of 2008 and the American Recovery and Reinvestment Act of 2009. The purpose of this chapter is to set forth procedures and standards whereby Indian River County can, acquire foreclosed or abandoned properties using Neighborhood Stabilization Program (NSP) Funds, rehabilitate those properties with NSP funds, and sell those properties to qualifying low and moderate income households. As such, this chapter provides for. ( 1) Establishment of competition and qualification standards for county acquisition, rehabilitation and sale of foreclosed or abandoned properties in accordance with the NSP; (2) Provisions for notice to participants in the NSP (3 ) Establishment of a form and manner to acquire property; (4) Establishment of negotiation or qualification standards that must be met in order for a person to buy a property under the NSP (5) , Establishment of a process to provide notice to potential qualified buyers for NSP rehabilitated housing Section 308.13 ammoEstablishment of Procedures for County Acquisition of Foreclosed or Abandoned Properties with NSP Funds _ ( 1 ) The Community Development Director is hereby designated as the person responsible for administering the — County's Neighborhood Stabilization Program. In this capacity, the ComnivaltyDiuvelopffiMMUM shall comply with all procedures in the Community Development Block Grant (CDBG) Neighborhood Stabilization Program (NSP) Housing Assistance Plan (HAP). (2) Consistent with NSP guidelines, the County will acquire foreclosed or abandoned properties to rehabilitate and sell or rent to qualified low and moderate income households. All properties acquired through the NSP will be located. in the designated NSP target area and will be acquired at no more than 99% of current appraised value. (3) To acquire properties, the County will work with qualified local real estate brokers, financial institutions, and federal housing agencies. For each potential purchase, the County will undertake all applicable pre- acquisition due diligence activities. This will involve obtaining surveys, appraisals, inspections, and title reports, as applicable. (4) In acquiring NSP properties, the Community Development Director is hereby authorized to execute purchase contracts, due diligence contract work orders, and other applicable documents. On a regular 2 A TRUE COPY CERTIFICATION ON LAST PAGE J .K. BARTON , CLERK 40 ORDINANCE N0. 2012- 006 basis, the Community Development Director shall provide an NSP acquisition status report to the Board of County Commissioners. Section 308.14 -- Establishment of Procedures for County Rehabilitation of Properties Purchased with NSP lFunds. ( 1) For each NSP property acquired by the County, an inspection of the property will be conducted to determine the specific rehabilitation work required. That inspection will be based on the County's NSP Construction Specifications document. Based on the inspection report prepared for the property, a scope of work will be developed, and bid documents will be prepared. (2) To procure contractors for NSP rehabilitation work, the Countywill comply with applicable NSP regulations and Indian River County Policies and Procedures for CDBG Programs and Projects. For each NSP rehabilitation project, the County will solicit bids from those firms on its list of pre-qualified contractors. A contract will then be awarded to the lowest, most responsive bidder. (3) The Community Development Director is hereby authorized to execute rehabilitation contracts with NSP contractors. Those contractors will be responsible for obtaining all required permits and completing all items in the applicable scope of work within the timeframe established in the contract. Once the work is completed and inspected, releases of liens are provided, and invoices are submitted, the contractors will be paid. Section 308.15 – Establishment of Criteria for the Sale of NSP Properties that Constitute an Alternative Property Disposition Procedure to Sections (1) and (2) of Chapter 125.35, R. S. (1) Pursuant to NSP requirements, the County will sell houses acquired with NSP funds to qualified low and nioderate income households. In so doing, the County, will comply with the Resale Property Disposition criteria in the County' s CDBG NSP HAP. (2) To be eligible to purchase an NSP house, a buyer must meet the qualification standards listed in the HAP. Specifically, a potential buyer must have an income in the low. or moderate income category, have the minimum downpayment amount, and qualify with a financial institution for a principal mortgage in an amount adequate to purchase an NSP house with county/NSP gap financing assistance. For each prospective NSP buyer, the County will conduct an income qualification assessment. NSP houses will then be sold on a first come/first served basis. (3) The county will provide notice of intent to sell NSP houses in several ways. These may include, but not be limited to, newspaper advertisements, brochures, multiple listing service, and website notice. (4) Once the rehabilitation of an 'NSP house is complete, the county will have the rehabilitated house appraised. The appraised value will then be the house' s selling price, except that the selling price shall not exceed the combined purchase price and rehabilitation cost. Once the selling price is set, the county will sell the house at the selling price to the first qualified buyer. Ii; however, a new appraisal indicates that the house's-value is less than the selling price, the house will be sold for the new appraised value. The manner of acquisition will be by warranty deed from the county. __.. _.. _ ._ ... . . . . c= (5)' �All sa e—l`s�opiope f NSP r�ies will comply with the County' s comprehensive plea anding,' Zoning.. ; • _ (6) The Chairman of the Board of County Commissioners is hereby authorized to execute deeds and other documents associated with the sale of NSP properties . SECTION 3 . Rer)eal of Conflicting Provisions All previous ordinances, resolutions, or motions of the Board of County Commissioners of Indian River County, Florida which conflict with the provisions of this ordinance are hereby repealed to the extent of such conflict. SECTION 4 . Severability 3 A TRUE COPY CERTIFICATION ON LAST PAGE r J . R . SMITH , CLERK ORDINANCE N0. 2012= 006 It is declared to be the intent of the Board of County Commissioners that, if any provision of this ordinance and therefore the Indian River County Comprehensive Plan Amendment is for any reason finally held invalid or unconstitutional by any court of competent jurisdiction, such provision shall be deemed a separate, distinct and independent provision and such holding shall not affect the validity of the remaining provisions. SECTION 5 . Effective Date The effective date of this ordinance shall be upon adoption. This ordinance was advertised in the Press-Journal on the :L6 day ofaprtj 2012, for a public hearing to be held on the fit: day of may 2012 at which time it was moved for adoption by Commissioner Solari seconded by Commissioner. O ' 8ryan and adopted by the following vote: Gary C. Wheeler, Chairman Nay Peter D. O 'Bryan, Vice Chairman Aye Bob Solari, Commissioner —ye Wesley S . Davis, Commissioner Na4 Joseph E. Fiescher, Commissioner Aye �pMMlSgjO BOARD OF COUNTY COMMISSIONERS • '�.• • ' ' • • ?'Fv+0 OF INDIAN RIVER COUNTY ' * 'a asz BY : 4 Gary C eeler, Chairman ��. °oRwev 0 T@o N Op NfR 01OCOVN;.►'�r ATTEST BY: cc, ua . G . �; Je ey K. Barton, Clerk This ordinance was filed with the Department of State on the following date: _ APPROVED AS TO FORM ANP EGAL SUFFICIENCY . 4-TATI: OF FLORIDA INDIAN IYIVER COUNTY 11ATHIS 19TOfOERTIFYTHATTHIS Is an S . Polachwich " ounty Attorney THEUEAND ¢ORRECTCOPYOF ' bFF1C�tO�NAt. ON VILE IN TH18 APP VED AS TO PLANNING MATTERS FF RY K. 8 N, CLERK f oY ' ` D.C. DATE 5,L, .. Robert M.9A F e 'ng, AICP Co Development Director F:\Community Development\CDB \2010 N P hapter 316 NSP Acquisiton Sale and Rehabilitation Ordinance 2012.doo 4 wI A TRUE COPY CERTIFICATION ON LAST PAGE 04 / 12 / 2013 106s. 47 772 - 978 - 5125 CITY OF VERO BEACH R , SMITH , CLERK PAGE 01 / 01 ID,A,LE SOMNS >EN — REAL ESTATE INC . — Add viduln to Contract Addl !ndunt No . to the Contract dated MARCH 11 , 2013 between INDIAN RIVER COUNTY (Seller) and _ ALYSSA ROMANOWIZ (Buyer) cone ea ming the property described as: 798 MULBERRY ST. , SEBASTIAN , FL 32958 (the 'Contract") . Buyer and Seller make the following terms and conditions part of the Contract_ BUY 'r.R AND SELLER AGREE TO EXTEND THE CLOSING DATE TO ON OR BEFORE APRIL 30 , 2013 . Dal a , Buyers Da, al Buyer. Seller. Seller. This k rm Is svaNablo for use by the entire MAI data ta Industry and In not Intended to identify the user as a REALTOR, REALTOR Is a reglatewd tonacilvs mernbership "WR that mey be rased Only by reel estate licensees v*a are members of the National Association of REALTORS and who subscribe to Its Code of Ethics. The :0iry6ghl laws of the United States (17 U.S. code) forbid the unauthorized repmductim of blank fomes by any means Inctudinp tatvmae or computerized forms. ACM 92e Rev, (M ®1984 Florida Association of REALTORS * A11 Rfghts Reaervnc Ri*o> SdfuIR oeTatn.TootaslllTBaca fY) rnisimpl1citY l A TRUE COPY Is CERTIFICATION ON LAST PAGE J . R . SMITH , CLERK THIS FORM" HAASe EsidENNAPPROVED T B HE FLORIDA Sale nd AND THE F OR DAeBAR � t • 1 P � Florid aRealtors 1 ` PARTIES: Indian River County 2" and Alyssa Romanowiz ("Buyer'), 3 agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal 4 Property (collectively " Property") pursuant to the terms and conditions of this AS IS Residential Contract For Sale s And Purchase and any riders and addenda ("Contract") : s 1 . PROPERTY DESCRIPTION : 7• (a) Street address , city, zip: 798 Mulberry Street, Sebastian , Florida 32968 s• (b) Property is located in: Indian River County, Florida . Real Property s• (c) Legal description of the Real Property: Sebastian Highlands Subdivision , Unit 4, Block38, Lot 7, 1010 recorded in Plat Book 5 Page 101 of the Public Records We of Indian River County, Florida 11 together with all existing improvements and fixtures, including built-in appliances, built-in furnishings and 12 attached wall-to-wall carpeting and flooring (" Real Propert) ") unless specifically excluded below. 13 (d) Personal Property: The following items owned by Seller and existing on the Property as of the date . 14 of the initial offer are included in the purchase (" Personal Property'): (i) range(s)/oven(s) , dishwasher(s), 1s disposal , ceiling fan(s) , intercom , light fixtures, rods , draperies and other window treatments, garage door 16 openers, and security gate and other access devices; and (ii) those additional Items checked below. If W additional details are necessary, specify below. If left blank, the item below is not included : 0 Refrigerator(s) Q Smoke detector(s ) ❑ Pool barrier/fence Storage shed X❑ Microwave oven Security system ❑ Pool equipment TV antenna/satellite dish ©washer Window/wall a/c ❑ Pool heater Water softener/purifier [�X Dryer ❑ Generator ❑ Spa or hot tub with heaterX❑ Storm shutters and Stand-alone ice maker ❑ Above ground pool panels 19 The only other items of Personal Property included in this purchase, and any additional details regarding 19• Personal Property, if necessary, are: 20• 21 Personal Property Is included in the Purchase Price , has no contributory value , and shall be left for the Buyer. 22- (e) The following items are excluded from the purchase : 23` 24' 2. PURCHASE PRICE (U . S . currency): . . a I a 4 D 2 0 a 0 a a a V 0 a a 0606 * 141a sea * Sao W4150909114 Poe goes 5958418100 $ 136 .000.00 25` (a) Initial deposit to be held in escrow in the amount of (checks subject to COLLECTION) $ 500.00 26 The initial deposit made payable and delivered to " Escrow Agent" named below 27• (CHECK ONE) : (] accompanies offer or ❑ is to be made upon acceptance (Effective Date) 28• or ❑ is to be made within (if blank , then 3) days after Effective Date 29- Escrow Agent Information : Name: Atlantic Coastal Land Title Company, LLC 30` Address : 3850 20th St. Vero Bch, Florida 32960 , Suite #4 Phone: (772) 5694364 - 31- E- mail : jbeal@atianticcoastal . com Fax: (772) 569-8688 32' (b) Additional deposit to be delivered to Escrow Agent within (if blank , then 3) 33days after Effective Date . . , . . . do * sea 44 % Do * @to 0469 . p now 4a , 6000900 so * too foossfew losses too ego Poo fe 34 (All deposits paid or agreed to be paid , are collectively referred to as the " Deposit") 35' (c) Financing: Express as a dollar amount or percentage (".Loan Amount") see Paragraph 8 . . . . ,. . . . 689000.00 36- (d) Other: Indian River County NSP second mortgage asset . $ 670500 .00 37 (e) Balance to close (not including Buyer's closing costs , prepaids and prorations) by wire 38' transfer or other COLLECTED funds . . . # 6 * & WE 600004 sea eve 060 Poe Tvasoo 694 oba " V Von % * * $ 0.00 39 NOTE: For the definition of " COLLECTION " or " COLLECTED" see STANDARD S. 4o 3. TIME FOR ACCEPTANCE OF OFFER AND COUNTER -OFFERS ; EFFECTIVE DATE : 41 - (a) If not signed by Buyer and Seller, and an executed copy delivered to all parties on or before Mar 11 , 2013 42• this offer shall be deemed withdrawn and the Deposit, if any, will be returned to Buyer. 43 - Unless otherwise stated, time for acceptance of any counter-offers shall be within 2 days after the day the 44 counter-offer is delivered . 45 (b) The effective date of this Contract will be the date when the last one of the Buyer and Seller has signed or 46 initialed this offer or final counter-offer ("Effective Date') . 47 4. CLOSING DATE : Unless modified by other provisions of this Contract, the closing of this transaction shall occur 48 and the closing documents required to be furnished by each party pursuant to this Contract shall be delivered 49• (" Closi &"),,o n April 15 , 2013 ("Closing Date") , at the time established by th�e,{�Clloosing Agent. Buyer's Initials Page 1 of 10 Seller's Initials _�,FloridaRealtors/Floar- IS-1 Rev. 6/10 © 2010 Florida Realtors@ and The Florida Bar. All rights reserved. _.I A TRUE COPY CERTIFICATION ON LAST PAGE J . R . SMITH , CLERK so 5. EXTENSION OF CLOSING DATE : 51 (a) If Closing funds from Buyer' s lender(s) are not available at time of Closing due to Truth In Lending Act (TILA) 52 notice requirements, Closing shall be extended for such period necessary to satisfy TILA notice requirements, 63 not to exceed 7 days. 54 (b) If extreme weather or other condition or event constituting " Force Majeure' (see STANDARD G) causes: 55 (1) disruption of utilities or other services essential for Closing , or (ii) Hazard , Wind, Flood or Homeowners' 5e insurance , to become unavailable prior to Closing, Closing will be extended a reasonable time up to 3 days 87 after restoration of utilities and other services essential to Closing, and availability of applicable Hazard , Wind , 68 Flood or Homeowners' insurance . If restoration of such utilities or services and availability of insurance has not se• occurred within 14 (if left blank, 14) days after Closing Date , then either party may terminate this so Contract by delivering written notice to the other party, and Buyer shall be refunded the Deposit, thereby 61 releasing Buyer and Seller from all further obligations under this Contract. 62 6. OCCUPANCY AND POSSESSION : Unless otherwise stated herein, Seller shall at Closing, have removed all 63 personal items and trash from the Property and shall deliver occupancy and possession , along with all keys, 64 garage door openers , access devices and codes, as applicable, to Buyer. If Property is intended to be rented or 66 occupied beyond Closing , the fact and terms thereof and the tenant(s) or occupants shall be disclosed pursuant ss to STANDARD D . If occupancy is to be delivered before Closing, Buyer assumes all risks of loss to Property from 67 date of occupancy, shall be responsible and liable for maintenance from that date , and shall be deemed to have 68 accepted Property in its existing condition as of time of taking occupancy. ea* 7. ASSIGNABILITY: (CHECK ONE) Buyer ❑ may assign and thereby be released from any further liability 70• under this Contract; ❑ may assign but not be released from liability under this Contract; or ® may not assign 71 this Contract. 72 FINANCING 73 8. FINANCING : 74- ❑ (a) Buyer will pay cash or may obtain a loan for the purchase of the Property. There is no financing 75 contingency to Buyer' s obligation to close . 760 ® (b) This Contract is contingent upon Buyer obtaining a written loan commitment for a Q conventional ❑x FHA 77* ® VA loan on the following terms withinif blank , then 30) days after Effective Date ("Loan 78• Commitment Date') for: (CHECK ONE) : EX fixed , ((] adjustable, ❑ fixed or adjustable rate loan in 79• the principal amount of $ 68, 000 . 00 or 50.000 % of the Purchase Price, at an initial interest rate so• not to exceed % ( if blank , then prevailing rate based upon Buyer's creditworthiness) , and for a 81 • term of 30 years ( " Financing') . 82• Buyer will make mortgage loan application for the Financing within 6 (if blank, then 5) days after 83 Effective Date and use good faith and diligent effort to obtain a written loan commitment for the Financing e4 (" Loan Commitment") and close this Contract. Buyer shall keep Seller and Broker fully • informed about ss the status of mortgage loan application and Loan Commitment and authorizes Buyer's mortgage broker and 86 Buyer's lender to disclose such status and progress to Seller and Broker. 87 If Buyer does not receive Loan Commitment, then Buyer may terminate this Contract by delivering written 88 notice to Seller, and the Deposit shall be refunded to Buyer, thereby releasing Buyer and Seller from all ea further obligations under this Contract. so If Buyer does not deliver written notice to Seller of receipt of Loan Commitment or Buyer's written waiver of 91 this financing contingency, then after Loan . Commitment Date Seller may terminate this Contract by 92 delivering written notice to Buyer and the Deposit shall be refunded to Buyer, thereby releasing Buyer and 93 Seller from all further obligations under this Contract. 94 If Buyer delivers written notice of receipt of Loan Commitment to Seller and this Contract does not 95 thereafter close, the Deposit shall be paid to Seller unless failure to close is due to: (1 ) Seller's default; as (2) Property related conditions of the Loan Commitment have not been met (except when such conditions 97 are waived by other provisions of this Contract) ; (3) appraisal of the Property obtained by Buyer's lender is es insufficient to meet terms of the Loan Commitment; or (4) the loan is not funded due to financial failure of ss Buyer' s lender, in which event(s) the Deposit shall be returned to Buyer, thereby releasing Buyer and Seller 100 from all further obligations under this Contract. 101 • ❑ (c) Assumption of existing mortgage (see rider for terms) . 102• ❑ (d) Purchase money note and mortgage to Seller (see riders ; addenda; or special clauses for terms) . Buyer's Initials �fS Page 2 of 10 Seller's Initials FloridaRealtorsfFloridaBar-A -1 Rev. 6/10 © 2010 Florida Realtors® and The Florida Bar. All rights reserved. A TRUE COPY CERTIFICATION ON LAST PAGE J . R . SMITH , CLERK 103 CLOSING COSTS, FEES AND CHARGES 104 9. CLOSING COSTS ; TITLE INSURANCE ; SURVEY ; HOME WARRANTY ; SPECIAL ASSESSMENTS : 1066 (a) COSTS TO BE PAID BY SELLER: • Documentary stamp taxes and surtax on deed , if any • HOA/Condominium Association estoppel fees • Owner's Policy and Charges (if Paragraph 9(c) (i) is checked) • Recording and other fees needed to cure title • Title search charges (if Paragraph 9(c) (iii) is checked) • Seller's attorneys' fees • Other: 106 If, prior to Closing, Seller is unable to meet the AS IS Maintenance Requirement as required by Paragraph 11 107 a sum equal to 125% of estimated cost to meet the AS IS Maintenance Requirement shall be escrowed at 108 Closing. If actual costs to meet the AS IS Maintenance Requirement exceed escrowed amount, Seller shall 109 pay such actual costs. Any unused portion of escrowed amount shall be returned to Seller. 110• (b) COSTS TO BE PAID BY BUYER : • Taxes and recording fees on notes and mortgages • Loan expenses • Recording fees for deed and financing statements • Appraisal fees • Owner's Policy and Charges (if Paragraph 9(c) (ii) is checked) • Buyer's Inspections • Survey (and elevation certification, if required) • Buyer's attomeys' fees • Lender's title policy and endorsements • All property related insurance • HOA/Condominium Association application/transfer fees • Other: 111 • (c) TITLE EVIDENCE AND INSURANCE : At least 5 (if blank, then 5) days prior to Closing Date , a title 112 Insurance commitment issued by a Florida licensed title insurer, with legible copies of instruments listed as 113 exceptions attached thereto ("Title Commitment") and, after Closing, an owner's policy of title insurance (see 114 STANDARD A for terms) shall be obtained and delivered to Buyer. If Seller has an owner's policy of title 115 insurance covering the Real Property, a copy shall be furnished to Buyer and Closing Agent within 5 days after 118 Effective Date. The owner' s title policy premium and charges for owner's policy endorsements , title search, 117 and closing services (collectively, "Owner's Policy and Charges") shall be paid , as set forth below 118 (CHECK ONE) : 1190 Q (i) Seller will designate Closing Agent and pay for Owner's Policy and Charges (but not including charges 120 for closing services related to Buyer's lender's policy and endorsements and loan closing , which amounts 121 shall be paid by Buyer to Closing Agent or such other provider($) as Buyer may select); or 122• ❑ (ii) Buyer will designate Closing Agent and pay for Owner's Policy and Charges and charges for closing 123 services related to Buyer's lender's policy, endorsements , and loan closing; or 124' ❑ (iii) [MIAMI-DADE/BROWARD REGIONAL PROVISION]: Seller will furnish a copy of a prior owner's policy 1266 of title insurance or other evidence of title and pay fees for: (A) a continuation or update of such title evidence, 126 which is acceptable to Buyer's title insurance underwriter for reissue of coverage; (B) tax search ; and 127 (C) municipal lien search. Buyer shall obtain and pay for post-Closing continuation and premium for Buyer's 128 owner's policy, and if applicable, Buyer's lender's policy. Seller shall not be obligated to pay more than 129• $ (if blank, $200 . 00) for abstract continuation or title search ordered or performed by Closing 130 Agent. 131 (d) SURVEY : At least 5 days prior to Closing, Buyer may, at Buyer's expense, have the Real Property surveyed 132 and certified by a registered Florida surveyor (" Survey"). If Seller has a survey covering the Real Property, a 133 copy shall be furnished to Buyer and Closing Agent within 5 days after Effective Date. 134• (e) HOME WARRANTY: At Closing , ❑ Buyer ❑ Seller ❑X N/A will pay for a home warranty plan issued by 135• Company of Buyer's Choice at a cost not to exceed $ 500.00 . A home 136 warranty plan provides for repair or replacement of many of a home's mechanical systems and major built-in 137 appliances in the event of breakdown due to normal wear and tear during the agreement's warranty period . 138 (f) SPECIAL ASSESSMENTS : At Closing , Seller will pay: (i) the full amount of liens imposed by a public body 139 (" public body" does not include a Condominium or Homeowner's Association) that are certified, confirmed and 140 ratified before Closing ; and (ii) the amount of the public body's most recent estimate or assessment for an 141 improvement which is substantially complete as of Effective Date , but that has not resulted in a lien being 142 imposed on the Property before Closing. Buyer will pay all other assessments. If special assessments may 143 be paid in installments (CHECK ONE) : 144• Q (a) Seller shall pay Installments due prior to Closing and Buyer shall pay Installments due after 146 Closing . Installments prepaid or due for the year of Closing shall be prorated. 146• ❑ (b) Seller shall pay the assessment(s) in full prior to or at the time of Closing. 147 IF NEITHER BOX IS CHECKED , THEN OPTION (a) SHALL BE DEEMED SELECTED. 148 This Paragraph 9 (f) shall not apply to a special benefit tax lien imposed by a community development district 149 (CDD) pursuant to Chapter 190 F . S. which lien shall be treated as an ad valorem tax and prorated pursuant to 150 STANDARD K. Buyer's initials Page 3 of 10 Seller's Initials FloridaRealtors/FloridaBar-ASIS-1 Rev. 6/10 © 2010 Florida Realtors® and The Florida Bar. All rights reserved . A TRUE COPY CERTIFICATION ON LAST PAGE J . R . SMITH , CLERK 151 DISCLOSURES 152 10. DISCLOSURES : 153 (a) RADON GAS: Radon is a naturally occurring radioactive gas that, when it is accumulated in a building in 154 sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that 155 exceed federal and state guidelines have been found in buildings in Florida . Additional Information regarding 156 radon and radon testing may be obtained from your county health department. 157 (b) PERMITS DISCLOSURE: Except as may have been disclosed by Seller to Buyer in a written disclosure, 158 Seller does not know of any improvements made to the Property which were made without required 159 permits or made pursuant to permits which have not been properly closed , 160 (c) MOLD : Mold is naturally occurring and may cause health risks or damage to property. If Buyer Is concerted or lei desires additional information regarding mold, Buyer should contact an appropriate professional . 162 (d) FLOOD ZONE; ELEVATION CERTIFICATION : Buyer is advised to verify by elevation certificate which flood 163 zone the Property is in , whether flood insurance is required by Buyer's lender, and what restrictions apply to 164 improving the Property and rebuilding in the event of casualty. If Property is in a "Special Flood Hazard Area" 155 or " Coastal High Hazard Area and finished floor elevation is below minimum flood elevation, Buyer may 166 terminate this Contract by delivering written notice to Seller within 20 days after Effective Date, failing which 197 Buyer accepts existing elevation of buildings and flood zone designation of Property. 168 (e) ENERGY BROCHURE : Buyer acknowledges receipt of Florida Energy- Efficiency Rating Information Brochure 169 required by Section 553. 996 , F . S. 170 (f) LEAD-BASED PAINT : If Property includes pre- 1978 residential housing , a lead-based paint rider is 171 mandatory. 172 (g) HOMEOWNERS ' ASSOCIATION/COMMUNITY DISCLOSURE: BUYER SHOULD NOT EXECUTE THIS 173 CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS' 174 ASSOCIATION/COMMUNITY DISCLOSURE, IF APPLICABLE. 175 (h) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT 176 PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED 177 TO PAY iN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY 178 IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT iN HIGHER 179 PROPERTY TAXES . IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION , CONTACT THE 180 COUNTY PROPERTY APPRAISER'S OFFICE FOR INFORMATION . 1s1 (i) TAX WITHHOLDING : If Seller is a "foreign person" as defined by the Foreign investment in Real Property Tax 182 Act (" FIRPTA") , Buyer and Seller will comply with FIRPTA, which may require Seller to provide additional cash 183 at Closing . 184 (j) SELLER DISCLOSURE : Seller knows of no facts materially affecting the value of the Real Property which are 185 not readily observable and which have not been disclosed to Buyer. Except as stated in the preceding sentence 186 or otherwise disclosed in writing : (1 ) Seller has received no written or verbal notice from any governmental 187 entity or agency as to a currently uncorrected building, environmental or safety code violation ; and (2) Seller 188 extends and intends no warranty and makes no representation of any type , either express or implied , as to the 189 physical condition or history of the Property. iso PROPERTY MAINTENANCE , CONDITION , INSPECTIONS AND EXAMINATIONS 191 11 . PROPERTY MAINTENANCE : Except for ordinary wear and tear and Casualty Loss, Seller shall maintain the 192 Property, including, but not limited to, lawn , shrubbery, and pool , in the condition existing as of Effective Date 193 ("AS iS Maintenance Requirement"). 194 12. PROPERTY INSPECTION ; RIGHT TO CANCEL : 1950 (a) PROPERTY INSPECTIONS AND RIGHT TO CANCEL : Buyer shall have 15 (if blank, 15) days from 198 Effective Date ('Inspection Period") within which to have such inspections of the Property performed 197 as Buyer shall desire during the Inspection Period. If Buyer determines, in Buyer's sole discretion, that 198 the Property Is not acceptable to Buyer, Buyer may terminate this Contract by delivering written notice 199 of such election to Seller prior to expiration of Inspection Period. if Buyer timely terminates this 200 Contract, the Deposit paid shall be immediately returned to Buyer, thereupon, Buyer and Seiler shaft 201 be released of all further obligations under this Contract, however, Buyer shall be responsible for 202 prompt payment for such inspections, for repair of damage to, and restoration of, the Property 203 resulting from such inspections, and shall provide Seller with paid receipts for all work done on the 204 Property (the preceding provision shall survive termination of this Contract). Unless Buyer exercises los the right to terminate granted herein, Buyer accepts the physical condition of the Property and any 206 violation of governmental, building, environmental, and safety codes, restrictions, or requirements, but 207 subject to Seller's continuing AS IS Maintenance Requirement, and Buyer shall be responsible for any 208 and all repairs and improvements required by Buyer's lender. Buyer's Initials - J4A1 Page 4 of 10 Seller's Initials 4941Florid aRealtors/FloridaBai-ASIS-! Rev. 6110 0 2010 Florida Realtors® and The Florida Bar. All rights reserved. A TRUE COPY CERTIFICATION ON LAST PAGE J . R . SMITH , CLERK los (b) WALK-THROUGH INSPECTION/RE-INSPECTION : On the day prior to Closing Date, or on Closing Date prior 210 to time of Closing , as specified by Buyer, Buyer or Buyer's representative may perform a walk-through (and 211 follow- up walk-through, if necessary) inspection of the Property solely to confirm that all items of Personal 212 Property are on the Property and to verify that Seller has maintained the Property as required by the AS IS 213 Maintenance Requirement and has met all other contractual obligations. 214 (c) SELLER ASSISTANCE AND COOPERATION IN CLOSE-OUT OF BUILDING PERMITS : If Buyer's 216 inspection of the Property identifies open or needed building permits , then Seller shall promptly deliver to 216 Buyer all plans, written documentation or other information in Seller's possession, knowledge, or control 217 relating to improvements to the Property which are the subject of such open or needed Permits, and shall 218 promptly cooperate in good faith with Buyer's efforts to obtain estimates of repairs or other work necessary to 219 resolve such Permit issues . Seller's obligation to cooperate shall include Seller's execution of necessary 220 authorizations, consents, or other documents necessary for Buyer to conduct inspections and have estimates 221 of such repairs or work prepared , but in fulfilling such obligation , Seller shall not be required to expend , or 222 become obligated to expend , any money. 223 (d) ASSIGNMENT OF REPAIR AND TREATMENT CONTRACTS AND WARRANTIES : At Buyer's option and 224 cost, Seller will , at Closing , assign all assignable repair, treatment and maintenance contracts and warranties 225 to Buyer. 226 ESCROW AGENT AND BROKER 227 13. ESCROW AGENT: Any Closing Agent or Escrow Agent (collectively "Agent") receiving the Deposit, other funds 228 and other items is authorized , and agrees by acceptance of them , to deposit them promptly, hold same in escrow 229 within the State of Florida and , subject to COLLECTION , disburse them in accordance with terms and conditions 230 of this Contract. Failure of funds to become COLLECTED shall not excuse Buyer's performance. When conflicting 231 demands for the Deposit are received, or Agent has a good faith doubt as to entitlement to the Deposit, Agent 232 may take such actions permitted by this Paragraph 13 , as Agent deems advisable . If in doubt as to Agent's duties 233 or liabilities under this Contract, Agent may, at Agent' s option , continue to hold the subject matter of the escrow 234 until the parties agree to its disbursement or until a final judgment of a court of competent jurisdiction shall 235 determine the rights of the parties, or Agent may deposit same with the clerk of the circuit court having jurisdiction 236 of the dispute. An attorney who represents a party and also acts as Agent may represent such party in such 237 action . Upon notifying all parties concerned of such action , all liability on the part of Agent shall fully terminate, 238 except to the extent of accounting for any items previously delivered out of escrow. If a licensed real estate 239 broker, Agent will comply with provisions of Chapter 475 , F . S . , as amended and FREC rules to timely resolve 240 escrow disputes through mediation , arbitration, interpleader or an escrow disbursement order. 241 An proceeding between Buyer and Seller wherein Agent is made a arty because of actin as Agent hereunder, YP 9 Y p 9 9 242 or in any proceeding where Agent interpleads the subject matter of the escrow, Agent shall recover reasonable 243 attorney's fees and costs incurred, to be paid pursuant to court order out of the escrowed funds or equivalent. 244 Agent shall not be liable to any party or person for mis-delivery of any escrowed items, unless such mis-delivery is 245 due to Agent's willful breach of this Contract or Agent's gross negligence. This Paragraph 13 shall survive Closing 246 or termination of this Contract. 247 14. PROFESSIONAL ADVICE ; BROKER LIABILITY : Broker advises Buyer and Seller to verify Property condition , 246 square footage, and all other facts and representations made pursuant to this Contract and to consult appropriate 249 professionals for legal , tax, environmental , and other specialized advice concerning matters affecting the Property 250 and the transaction contemplated by this Contract. Broker represents to Buyer that Broker does not reside on the 251 Property and that all representations (oral , written or otherwise) by Broker are based on Seller representations or 252 public records . BUYER AGREES TO RELY SOLELY ON SELLER, PROFESSIONAL INSPECTORS AND 253 GOVERNMENTAL AGENCIES FOR VERIFICATION OF PROPERTY CONDITION, SQUARE FOOTAGE AND 254 FACTS THAT MATERIALLY AFFECT PROPERTY VALUE AND NOT ON THE REPRESENTATIONS (ORAL, 255 WRITTEN OR OTHERWISE) OF BROKER. Buyer and Seller (individually, the " Indemnifying Part) ") each 256 individually indemnifies, holds harmless , and releases Broker and Broker's officers, directors, agents and 257 employees from all liability for loss or damage , including all costs and expenses , and reasonable attorney's fees 256 at all levels, suffered or incurred by Broker and Broker's officers , directors , agents and employees in connection 259 with or arising from claims, demands or causes of action instituted by Buyer or Seller based on: ( i) inaccuracy of 260 information provided by the Indemnifying Party or from public records; (ii) Indemnifying Party's misstatement(s) or 261 failure to perform contractual obligations; (iii) Broker's performance, at Indemnifying Party's request, of any task 262 beyond the scope of services regulated by Chapter 475 , F . S . , as amended, including Broker's referral, 263 recommendation or retention of any vendor for, or on behalf of, Indemnifying Party; (iv) products or services 264 provided by any such vendor for, or on behalf of, Indemnifying Party ; and (v) expenses incurred by any such 265 vendor. Buyer and Seller each assumes full responsibility for selecting and compensating their respective vendors 266 and paying their other costs under this Contract whether or not this transaction closes. This Paragraph 14 will not 267 relieve Broker of statutory obligations under Chapter 475 , F . S . , as amended . For purposes of this Paragraph 14, Buyers InitialsSTS Page 5 of 10 Sellers Initials _16Ins FloridaRealtors/FloridaBar-A -1 Rev. 6110 © 2010 Florida Realtors® and The Florida Bar. All rights reserved . i A TRUE COPY CERTIFICATION ON LAST PAGE J , R . SMITH , CLERK 268 Broker will be treated as a party to this Contract. This Paragraph 14 shall survive Closing or termination of this 269 Contract. 270 DEFAULT AND DISPUTE RESOLUTION 271 15. DEFAULT. 272 (a) BUYER DEFAULT: If Buyer fails, neglects or refuses to perform Buyer's obligations under this Contract, 273 including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 274 Deposit for the account of Seller as agreed upon liquidated damages , consideration for execution of this 275 Contract, and in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 276 obligations under this Contract, or Seller, at Seller's option , may, pursuant to Paragraph 16, proceed In equity 277 to enforce Seller's rights under this Contract. The portion of the Deposit, if any, paid to Listing Broker upon 278 default by Buyer, shall be split equally between Listing Broker and Cooperating Broker; provided however, 279 Cooperating Broker's share shall not be greater than the commission amount Listing Broker had agreed to pay iso to Cooperating Broker. 281 (b) SELLER DEFAULT: If for any reason other than failure of Seller to make Seller's title marketable after 282 reasonable diligent effort, Seller fails , neglects or refuses to perform Seller's obligations under this Contract, 283 Buyer may elect to receive return of Buyer's Deposit without thereby waiving any action for damages resulting 284 from Sellers breach , and , pursuant to Paragraph 16 , may seek to recover such damages or seek specific 285 performance . This Paragraph 15 shall survive Closing or termination of this Contract. 286 16. DISPUTE RESOLUTION : Unresolved controversies , claims and other matters in question between Buyer and 287 Seller arising out of, or relating to, this Contract or its breach, enforcement or interpretation ("Dispute") will be 288 settled as follows: 289 (a) Buyer and Seller will have 10 days after the date conflicting demands for the Deposit are made to attempt to 290 resolve such Dispute, failing which , Buyer and Seller shall submit such Dispute to mediation under 291 Paragraph 16 (b) . 292 (b) Buyer and Seller shall attempt to settle Disputes in an amicable manner through mediation pursuant to Florida 293 Rules for Certified and Court-Appointed Mediators and Chapter 44 , F .S. , as amended (the " Mediation Rules"), 294 The mediator must be certified or must have experience in the real estate industry. Injunctive relief may be 295 sought without first complying with this Paragraph 16 (b) . Disputes not settled pursuant to this Paragraph 16 296 may be resolved by instituting action in the appropriate court having jurisdiction of the matter. This Paragraph 16 297 shall survive Closing or termination of this Contract. 298 17. ATTORNEY'S FEES ; COSTS: The parties will split equally any mediation fee incurred in any mediation permitted 299 by this Contract, and each party will pay their own costs, expenses and fees, including attorney's fees, incurred in 300 conducting the mediation. In any litigation permitted by this Contract, the prevailing party shall be entitled to 301 recover from the nowrevailing party costs and fees , including reasonable attorney' s fees, incurred in conducting 302 the litigation. This Paragraph 17 shall survive Closing or termination of this Contract. 303 STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") 304 18. STANDARDS: 3os A. TITLE: 306 (1) TITLE EVIDENCE ; RESTRICTIONS ; EASEMENTS $ LIMITATIONS : Within the time period provided in 307 Paragraph 9 (c) , the Title Commitment, with legible copies of instruments listed as exceptions attached thereto , shall 3os be issued and delivered to Buyer. The Title Commitment shall set forth those matters to be discharged by Seller at or 3o9 before Closing and shall provide that, upon recording of the deed to Buyer, an owner's policy of title insurance in the 310 amount of the Purchase Price, shall be issued to Buyer insuring Buyer's marketable title to the Real Property, 311 subject only to the following matters: (a) comprehensive land use plans, zoning , and other land use restrictions, 312 prohibitions and requirements imposed by governmental authority; (b) restrictions and matters appearing on the Plat 313 or otherwise common to the subdivision ; (c) outstanding oil , gas and mineral rights of record without right of entry; 314 (d) unplatted public utility easements of record (located contiguous to real property lines and not more than 10 feet in 315 width as to rear or front lines and 7 1 /2 feet in width as to side lines) ; (e) taxes for year of Closing and subsequent 316 years ; and (f) assumed mortgages and purchase money mortgages, if any (if additional Items, attach addendum); 317 provided, that none prevent use of the Property for RESIDENTIAL PURPOSES . If there exists at Closing any 3/ s violation of items identified in (b) - (f) above, then the same shall be deemed a title defect. Marketable title shall be 319 determined according to applicable Title Standards adopted by authority of The Florida Bar and in accordance with 320 law. 321 (ii) TITLE EXAMINATION : Buyer shall have 5 days after receipt of Title Commitment to examine It and notify 322 Seller, in writing specifying defect(s) , if any, that render title unmarketable. If Seller provides Title Commitment and it 323 is delivered to Buyer less than 5 days prior to Closing Date , Buyer may extend Closing for up to 5 days after 324 date of receipt to, examine same in accordance with this STANDARD A. Seller shall have 30 days ("Cure Period") 325 after receipt of Buyer' s notice to take reasonable diligent efforts to remove defects . If Buyer fails to so notify Seller, 328 Buyer shall be deem d to have accepted title as it then is . If Seller cures defects within Cure Period, Seller will Buyers Initials )q/q/( Page 6 of 10 Seller's Initials FlorideRealtors/FloridaBar-ASIS- 1 Rev. 6110 © 2010 Florida Realtors® and The Florida Bar. All rights reserved. V ` A TRUE COPY to CERTIFICATION ON LAST PAGE J . R . SMITH , CLERK 327 STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED) 328 deliver written notice to Buyer (with proof of cure acceptable to Buyer and Buyer's attorney) and the parties will 329 close this Contract on Closing Date (or if Closing Date has passed , within 10 days after Buyer's receipt of Seller's 33o notice). If Seller is unable to cure defects within Cure Period , then Buyer may , within 5 days after expiration of 331 Cure Period , deliver written notice to Seller. (a) extending Cure Period for a specified period not to exceed 120 days 332 within which Seller shall continue to use reasonable diligent effort to remove or cure the defects (" Extended Cure 333 Period'); or (b) electing to accept title with existing defects and close this Contract on Closing Date (or if Closing Date 334 has passed , within the earlier of 10 days after end of Extended Cure Period or Buyer's receipt of Seller's notice) , or 335 (c) electing to terminate this Contract and receive a refund of the Deposit, thereby releasing Buyer and Seller from 336 all further obligations under this Contract. If after reasonable diligent effort, Seiler is unable to timely cure defects , 337. and. Bu.yer .does-. not waive. the .defects,- -this..Contract- shall - term inate,- and Buyer -shall receive a refund of the Deposit, 338 thereby releasing Buyer and Seller from all further obligations under this Contract. 339 B. SURVEY : If Survey discloses encroachments on the Real Property or that improvements located thereon 340 encroach on setback lines, easements, or lands of others; or violate any restrictions, covenants, or applicable 341 governmental regulations described in STANDARD A ( i) (a), (b) or (d) above, Buyer shall deliver written notice of such 342 matters , together with a copy of Survey, to Seller within 5 days after Buyer's receipt of Survey, but no later than 343 Closing . If Buyer timely delivers such notice and Survey to Seller, such matters identified in the notice and Survey 344 shall constitute a title defect, subject to cure obligations of STANDARD A above. If Seller has delivered a prior 345 survey, Seller shall , at Buyer' s request, execute an affidavit of "no change" to the Real Property since the 346 preparation of such prior survey, to the extent the affirmations therein are true and correct. 347 C. INGRESS AND EGRESS : Seller represents that there is ingress and egress to the Real Property and title to 348 the Real Property is insurable in accordance with STANDARD A without exception for lack of legal right of access . 349 D. LEASES : Seller shall , within 5 days after Inspection Period , furnish to Buyer copies of all written leases and 35o estoppel letters from each tenant specifying nature and duration of tenant's occupancy, rental rates, advanced rent 351 and security deposits paid by tenant, and income and expense statements for preceding 12 months (" Lease 352 Information") . If Seller is unable to obtain estoppel letters from tenant(s) , the same information shall be furnished by 353 Seller to Buyer within that time period in the form of a Seller's affidavit, and Buyer may thereafter contact tenant(s) 354 to confirm such information . if terms of the lease (s) differ materially from Seller's representations ,- Buyer may deliver 355 written notice to Seller within 5 days after receipt of Lease Information, but no later than 5 days prior to Closing 356 Date, terminating this Contract and receive a refund of the Deposit, thereby releasing Buyer and Seller from all 357 further obligations under this Contract. Seller shall, at Closing , deliver and assign all original leases to Buyer who 358 shall assume Seller's obligation thereunder. 359 E. LIENS : Seller shall furnish to Buyer at Closing an affidavit attesting ; (i) to the absence of any financing 360 statement, claims of lien or potential lienors known to Seller, and (ii) that there have been no improvements or repairs 361 to the Real Property for 90 days immediately preceding Closing Date . if the Real Property has been improved or 3s2 repaired within that time, Seller shall deliver releases or waivers of construction liens executed by all general 363 contractors, subcontractors , suppliers and materialmen in addition to Seller's lien affidavit setting forth names of all 364 such general contractors , subcontractors , suppliers and materialmen, further affirming that all charges for 365 improvements or repairs which could serve as a basis for a construction lien or a claim for damages have been paid 3se or will be paid at Closing . 367 F. TIME: Calendar days shall be used in computing time periods . Any time periods provided for In this Contract 3s8 which shall end on a Saturday, Sunday, or a national legal holiday (see 5 U . S . C . 6103) shall extend to 5 :00 p. m . 369 (where the Property is located) of the next business day. Time is of the essence in this Contract. 37o G. FORCE MAJEURE ; Buyer or Seller shall not be required to perform any obligation under this Contract or be 371 liable to each other for damages so long as performance or non-performance of the obligation is delayed , caused or 372 prevented by Force Majeure. " Force Majeure" means: hurricanes , earthquakes, floods, fire, acts of God, unusual 373 transportation delays , wars , insurrections , acts of terrorism , and any other cause not reasonably within control of 374 Buyer or Seller, and which , by exercise of reasonable diligent effort, the non-performing party is unable in whole or in 375 part to prevent or overcome. All time periods, including Closing Date , will be extended for the period that the Force 376 Majeure prevents performance under this Contract, provided , however, if such Force Majeure continues to prevent 377 performance under this Contract more than 14 days beyond Closing Date, then either party may terminate this . 378 Contract by delivering written notice to the other and the Deposit shall be refunded to Buyer, thereby releasing Buyer 379 and Seller from all further obligations under this Contract. 38o H . CONVEYANCE : Seller shall convey marketable title to the Real Property by statutory warranty, trustee' s, 381 personal representative' s , or guardian' s deed , as appropriate to the status of Seller, subject only to matters described 382 in STANDARD A and those accepted by Buyer. Personal Property shall , at request of Buyer, be transferred by 383 absolute bill of sale with warranty of title, subject only to such matters as may be provided for in this Contract. 384 I . CLOSING LOCATION ; DOCUMENTS ; AND PROCEDURE : 385 (1) LOCATION : Closing will take place in the county where the Real Property is located at the office of the 3as attorney or other closing agent (" Closing Agent" ) designated by the party paying for the owner's policy of title Buyer's Initials . & rPage 7 of 10 Seller's Initials FlorideRealtors/FlondaBar-ASIS- 1 Rev. 6/10 © 2010 Florida Realtors@ and The Florida Bar. All rights reserved. F A TRUE COPY CFaTIFICATION ON LAST PAGE J , R , SMITH , CLERK 387 STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED) 388 insurance, or, if no title insurance, designated by Seller. Closing may be conducted by mail or electronic means. 389 (ii) CLOSING DOCUMENTS : At Closing , Seller shall furnish and pay for, as applicable, deed , bill of sale, 390 certificate of title, construction lien affidavit, owner's possession affidavit, assignments of leases, and . corrective 391 instruments. Seller shall provide Buyer with paid receipts for all work done on the Property pursuant to this Contract. 392 Buyer shall furnish and pay for, as applicable, mortgage, mortgage note, security agreement, financing statements , 393 survey, base elevation certification, and other documents required by Buyer's lender. 394 (iii) PROCEDURE : The deed shall be recorded upon COLLECTION of all closing funds . if the Title 39s Commitment provides insurance against adverse matters pursuant to Section 627.7841 , .F . S. , as amended , the 39s escrow closing procedure required by STANDARD J shall be waived, and Closing Agent shall, subject to 397 COLLECTION of all closing funds , disburse at Closing the brokerage fees to Broker and the net sale proceeds to 398 Seller. 399 J. ESCROW CLOSING PROCEDURE: If Title Commitment issued pursuant to Paragraph 9(c) does not provide 400 for Insurance against adverse matters as permitted under Section 627 .7841 , F . S . , as amended , the following escrow 401 and closing procedures shall apply: ( 1 ) all Closing proceeds shall be held in escrow by the Closing Agent for a period 402 of not more than 10 days after Closing ; (2) if Seller's title is rendered unmarketable, through no fault of Buyer, Buyer 403 shall , within the 10 day period , notify Seller in writing of the defect and Seller shall have 30 days from date of receipt 404 of such notification to cure the defect; (3) if Seller fails to timely cure the defect, the Deposit and all Closing funds 405 paid by Buyer shall , within 5 days after written demand by Buyer, be refunded to Buyer and , simultaneously with 406 such repayment, Buyer shall return the Personal Property, vacate the Real Property and re-convey the Property to 407 Seller by special warranty deed and bill of sale; and (4) if Buyer fails to make timely demand for refund of the 4os Deposit, Buyer shall take title as is , waiving all rights against Seller as to any intervening defect except as may be 4os available to Buyer by virtue of warranties contained in the deed or bill of sale . 410 K, PRORATIONS ; CREDITS : The following recurring items will be made current (if applicable) and prorated as of 411 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 412 (including special benefit tax assessments imposed by a CDD) , interest, bonds , association fees, insurance , rents 413 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable , in 414 which event premiums shall be prorated . Cash at Closing shall be increased or decreased as may be required by 415 prorations to be made through day prior to Closing . Advance rent and security deposits, if any, will be credited to 41a Buyer. Escrow deposits held by Seller' s mortgagee will be paid to Seller. Taxes shall be prorated based on current 417 year's tax with due allowance made for maximum allowable discount, homestead and other exemptions. if Closing 418 occurs on a date when current year' s millage is not fixed but current year's assessment is available, taxes will be 419 prorated based upon such assessment and prior year's millage. If current year' s assessment is not available, then 420 taxes will be prorated on prior year's tax, if there are completed improvements on the Real Property by January 1 st of 421 year of Closing , which improvements were not in existence on January 1st of prior year, then taxes shall be prorated 422 based upon prior year's millage and at an equitable assessment to be agreed upon between the parties, failing which, 423 request shall be made to the County Property Appraiser for an informal assessment taking into account available 424 exemptions. A tax proration based on an estimate shall , at either party's request, be readjusted upon receipt of 425 current year's tax bill. This STANDARD K shall survive Closing . 426 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS , INSPECTIONS, AND WALK-THROUGH: Seller 427 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 428 including a walk-through (or follow-up walk-through if necessary) prior to Closing. 429 M. RISK OF LOSS : If, after Effective Date , but before Closing , Property is damaged by fire or other casualty 430 ("Casualty Loss") and cost of restoration (which shall include cost of pruning or removing damaged trees) does not 431 exceed 1 . 5 % of Purchase Price , cost of restoration shall be an obligation of Seller and Closing shall proceed 432 pursuant to terms of this Contract. If restoration is not completed as of Closing , a sum equal to 125% of estimated 433 cost to complete restoration (not to exceed 1 . 5% of Purchase Price) , will be escrowed at Closing. If actual cost of 434 restoration exceeds escrowed amount, Seller shall pay such actual costs (but, not in excess of 1 . 5% of Purchase 436 Price). Any unused portion of escrowed amount shall be returned to Seller. If cost of restoration exceeds 1 . 5% of 436 Purchase Price, Buyer shall elect to either take Property " as is" together with the 1 . 5% , or receive a refund of the 437 Deposit, thereby releasing Buyer and Seiler from all further obligations under this Contract. Seller' s sole obligation 438 with respect to tree damage by casualty or other natural occurrence shall be cost of pruning or removal . 439 N. 1031 EXCHANGE : If either Seller or Buyer wish to enter into a like-kind exchange (either simultaneous with 44o Closing or deferred) under Section 1031 of the Internal Revenue Code (" Exchange") , the other party shall cooperate 441 In all reasonable respects to effectuate the Exchange , including execution of documents; provided , however, 442 cooperating party shall incur no liability or expense related to the Exchange , and Closing shall not be contingent 443 upon , nor extended or delayed by, such Exchange . 444 O. CONTRACT NOT RECORDABLE ; PERSONS BOUND; NOTICE; COPIES : Neither this Contract nor any 44s notice of it shall be recorded in any public records . This Contract shall be binding on , and inure to the benefit of, the 446 parties and their respective heirs or successors in interest. Whenever the context permits, singular shall include plural Buyer's Initials Page 8 of 10 Seller's Initials FloridaRealtors/Flori agar-ASIS-1 Rev. 6/10 0 2010 Florida Realtors® and The Florida Bar. All rights reserved. A TRUE COPY CERTIFICATION ON LAST PAGE J . R . SMITH , CLERK 447 STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED) 448 and one gender shall include all. Notice and delivery given by or to the attorney or broker (including such broker's real 449 estate licensee) representing any party shall be as effective as if given by or to that party. All notices must be in 450 writing and may be made by mail, personal delivery or electronic (including "pdf') media. A legible facsimile or 451 electronic (including "pdf" ) copy of this Contract and any signatures hereon shall be considered for all purposes as an 452 original. 453 P. INTEGRATION ; MODIFICATION : This Contract contains the full and complete understanding and agreement 454 of Buyer and Seller with respect to the transaction contemplated by this Contract and no prior agreements or 45s representations shall be binding upon Buyer or Seller unless included in this Contract. No modification to or change 456 in this Contract shall be valid or binding upon Buyer or Seller unless in writing and executed by the parties intended 457 to be bound by it. 458 Q. WAIVER: Failure of Buyer or Seller to insist on compliance with , or strict performance of, any provision of this 459 Contract, or to take advantage of any right under this Contract, shall not constitute a waiver of other provisions or Oso rights. 461 R. RIDERS; ADDENDA; TYPEWRITTEN OR HANDWRITTEN PROVISIONS : Riders, addenda, and typewritten 462 or handwritten provisions. shall control all printed provisions of this Contract in conflict with them . 463 S. COLLECTION or COLLECTED: ° COLLECTION ^ or ,,COLLECTED" means any checks tendered or received , , 464 including Deposits , have become actually and finally collected and deposited In the account of Escrow Agent 465 or Closing Agent. Closing and disbursement of funds and delivery of Closing documents may be delayed by 466 Closing Agent until such amounts have been COLLECTED in Closing Agent's accounts. 467 T. LOAN COMMITMENT : " Loan Commitment" means a statement by the lender setting forth the terms and 468 conditions upon which the lender is willing to make a particular mortgage loan to a particular borrower. 469 U. APPLICABLE LAW AND VENUE; This Contract shall be construed in accordance. with the laws of the State of 47o Florida and venue for resolution of all disputes , whether by mediation , arbitration or litigation, shall lie in the county in 471 which the Real Property is located . 472 X. BUYER WAIVER OF CLAIMS : Buyer waives any claims against Seller and, to the extent permitted by 473 law, against any real estate licensee involved in the negotiation of this Contract, for any defects or other 474 damage that may exist at Closing of this Contract and be subsequently discovered by the Buyer or anyone 476 claiming by, through, under or against the Buyer. 476 ADDENDA AND ADDITIONAL TERMS 477 19. ADDENDA: The following additional terms are included in the attached addenda and incorporated into this 476" Contract (Check if applicable) : ❑ A. Condominium Assn . ❑ L. RESERVED ❑ R. Rezoning ❑ Y. Seller's Attorney ❑ B. Homeowners' Assn . ❑ S . Lease Purchase/ Approval ❑ C . Seller Financing ❑ M . Defective Drywall Lease Option ❑ Z. Buyer' s Attorney ❑ D. Mortgage Assumption ❑ N . Coastal Construction ❑ T. Pre=Closing Approval 0 E. FHA/VA Financing Control Line Occupancy El AAO - Licensee-Personal ❑ F. Appraisal Contingency ❑ 0 . Insulation Disclosure ❑ U . Post-Closing Interest in Property ❑ G. Short Sale ❑ P. Pre- 1978 Housing Occupancy ❑ BB. Binding Arbitration ❑ H.. Homeowners' Insurance Statement (Lead ❑ V. Sale of Buyers ❑ Other ❑ I . FIRPTA Based Paint) Property ❑ J . Interest- Bearing Acct. ❑ Q . Housing for Older ❑ W. Back-up Contract ❑ K. RESERVED Persons FIX . Kick-out Clause 479. 20. ADDITIONAL TERMS: Indian River County Neighborhood Stabilization Program Property Sales Addendum 480's attached . FHA Rider Attached , 481' 482' 483` 484' 485' 488' 487' 488' 489• 490' 491 ' 492' 493' Buyer's Initials Page 9 of 10 Seller's Initials FlorldaRealtors/FlondaBar-ASI8-1 Rev. 6/10 © 2010 Florida RealtorsO and The Florida Bar. All rights reserved . A TRUE COPY CERTIFICATION ON LAST PAGE J . .3 . SMITH , CLERK 494 COUNTER-OFFER/REJECTION 495• ❑ Seller counters Buyer's offer (to accept the counter-offer, Buyer must sign or initial the counter-offered terms and 49s deliver a copy of the acceptance to Seller) . 497& ❑ Seller rejects Buyer's offer. 49a THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK THE ADVICE 499 OF AN ATTORNEY PRIOR TO SIGNING . soo THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR. sol Approval of this form by the Florida Realtors and The Florida Bar does not constitute an opinion that any of the teens 502 and conditions in this Contract should be accepted by the parties in a particular transaction. Terms and conditions 503 should be negotiated based upon the respective interests, objectives and bargaining positions of al! interested 5o4 persons. 5os AN ASTERISK (`) FOLLOWING A LINE NUMBER IN THE MARGIN INDICATES THE LINE CONTAINS A BLANK TO sob BE COMPLETED. , Vsol• Buyer: fJ' ' LDate: 5os• Buyer: Date: so9` Seller: Date:0.0cl A OWA 9X- C %or vy r 9M A slot Seller: Date: 511 Buyer's addressfor pur oses of notice Seller's address for purposes of notice 512• 33 � w . 1028 20th Place, Suite C , Vero Beach, Florida 513' _ J i I-h / X/c v� /�/ sa!26 a 32960 614` s1s BROKER: Listing and Cooperating Brokers , if any, named below (collectively, " Broker'`), are .the only Brokers entitled s1s to compensation in connection with this Contract . Instruction to Closing Agent: Seller and Buyer direct Closing Agent 517 to disburse at Closing the full amount of the brokerage fees as specified in separate brokerage 51a agreements with the parties and cooperative agreements between the Brokers, except to the extent Broker has 519 retained such fees from the escrowed . funds. This Contract shall not modify any MLS or other offer of compensation s2o made by Seller or Listing Broker to Cooperating Brokers . 521 • 22 J 522 Cooperating Sales Assocla6l -i&KY Listing Sales Associate 523' / /d . �/� r!° h. ��i� � f. L5 524 Cooperating Broker, if any Listing Broker Page 10 of 10 FloridaRealtors/FloridaBar-ASIS-1 Rev. 6110 © 2010 Florida Realtors® and The Florida Bar. All rights reserved. A TRUE COPY CERTIFICATION ON LAST PAGE _ J . R . SMITH , CLERK FHA DISCLOSURES AMENDATORY CLAUSE / REAL ESTATE CERTIFICATION Buyer(s) Alyssa Romanowiz Date of Agreement: Seller(s) Indian River County File No . : Property Address : 798 Mulberry Street , Sebastian , Florida 32958 �.} lJAJSE � {' ' •!c . : . 1.. 57 . `. rF I . . t . � �. I1 Gk �1i . ti . . .3 � ,.5.. Cii 1 f .i .t it is expressly agreed that notwithstanding any other provisions of this contract, the purchaser shall not be obligated to complete the purchase of the property described herein or to incur any penalty by forfeiture of earnest money deposits or otherwise unless the purchaser has been given in accordance with HUD/FHA or VA requirements a written statement by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender setting forth the appraised value of the property of not less than $ / 3 (,, b The purchaser shall have the privilege and option of proceeding with consummation of the contract without regard to the amount of the appraised valuation . The appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will insure. HUD does not warrant the value nor the condition of t roperty. The purchase hould satisfy himself/herself that the price and condition of the property are acceptable . /� — Borrowe VO Date Borror Date r Seller Date Seller Date Note: The dollar amount to be inserted in the amendatory clause is the sales price as stated in the contract. If the borrower and seller agree to adJ' ust the sales price in response to an appraised value that is less than the sales price, a new amendatory clause is not required. However, the loan application package must include the original sales contract with the same price as shown on the amendatory clause, along with the revised or amended sales contract. REAL; S � 'IE CE 2T,TFX1. CA'T"IOd LI. i r,. , , f , ., . w I ' F { y We, the borrower, seller, and the selling real estate agent or broker involved in the sales transaction certify by our signatures below that the terms and conditions of the sales contract are true to the best of our knowledge and belief, and that any other agreement entered into by any of these parties in connecti ith this real estate transaction is part of, or attached to, the sales agreement. ' 3vllol%3 Borrowd Date Borrower Date Sell Date br :6 Seller, Date Li g g nt ( pplic le Date Selling Agent (as app ' able) Date WARNING : Our signatures above indicate that we fully understand that it is a Federal Crime punishable by fine, imprisonment or both to knowingly make any false statements concerning any of the above facts as applicable under the provision of Title 18 , United States Code, Section 1012 and 1014 . Calyx Fonn - amecla rml (05/02) A TRUE COPY CERTIFICATION ON LAST PAGE J . R . SMITH , CLERK Indian River County Neighborhood Stabilization Program Property Sales Addendum This Neighborhood Stabilization Program Addendum (Addendum) is to be made part of the Purchase Agreement (Agreement) dated March 2013 , between Indian River County . - (Seller) and Alyssa Pomanowiz_ (Buyer) , for the property located at: 798 Mulberry Street, Sebastian . Florida. 32958 (the Property) . The property is being sold as part of Indian River County ' s Neighborhood Stabilization Program (NSP) . Indian River County (the County) , utilizing NSP funding, is providing second mortgage assistance financing to assist Buyer with the purchase of this property . The second mortgage assistance to be provided to Buyer consists of the following two items : A. Closing Cost Assistance : Indian River County will provide Buyer with closing cost assistance in an amount not to exceed ten percent ( 10 % ) of the sales price of the property . This closing cost assistance may be used to pay Buyer' s recording fees , , intangible taxes, stamps on the note , mortgage title insurance , wood destroying organism inspections , appraisal fees , property survey fees , credit reports , lender' s document preparation fees , underwriting fees , closing attorney ' s settlement fees, Buyer' s courier fees, prepaid property taxes , prepaid homeowner' s insurance , prepaid flood insurance, and any other fees included on the HUD closing statement for the property agreeable to both Buyer and Seller . Be Gap Financing. Assistance : Indian River County will provide an amount equal to the difference between the sales price of the property, less buyer contribution , and the amount a mortgage lender approved by County , selected by Buyer, has committed to loan to Buyer for the purchase of the property through a thirty (30) year fixed rate conventional first mortgage utilizing the property being acquired as collateral . The amount of the Gap Financing Assistance may not exceed an amount equal to fifty percent (50 %) of the sales price of the property . Seller ' s Initials _ Buyer' s Initial * 1 Indian River County Neighborhood Stabilization Program Property Sales Addendum Page 2 COTerms of Indian River County ' s Second Mortgage Home Purchase Assistance Indian River County is offering the Neighborhood Stabilization Program (NSP) Buyer Assistance described herein as a zero (0) interest second mortgage on the property being purchased. The second mortgage may be satisfied by Buyer living on the property and utilizing the property being purchased as his primary residence for a minimum of fifteen ( 15 ) years after the date of purchase . At the end of the fifteen year period , the Neighborhood Stabilization Program second mortgage will have been satisfied by Buyer. If during the fifteen ( 15 ) year period Buyer elects to sell the property being purchased or no longer elects to utilize the property as Buyer' s primary residence, the full amount of the second mortgage will be due and payable back to Indian River County . The entire amount provided by Indian River County for Closing Cost Assistance, and Gap Financing Assistance will be included in Indian River County ' s Neighborhood Stabilization Program second mortgage to Buyer on the property . D. Establishment of the Sales Price for the Property : Indian River County , has acquired and rehabilitated the property . Indian River County has established the sales price for the property based upon an appraisal performed by an independent fee appraiser. The appraisal used to establish the purchase price of the property was carried out after the rehabilitation of the property was completed . The selling price of some properties has been reduced based upon a Comparable Market Analysis carried out be a Licensed. Real Estate Agent . Indian River County believes the appraisal and the subsequent Comparable Market . Analysis, if applicable , which established Buyer ' s , purchase price represents the current market value of the property . Ev Buyer Neighborhood Stabilization Program Oualification Requirements : Buyer acknowledges that the Neighborhood Stabilization Program has maximum income qualifications . Buyer understands that he and the other members of his household will have to provide certain information to Indian River County to determine if Buyer is eligible to participate in the acquisition of this property through the Neighborhood Stabilization Program . If Buyer does not disclose all requested information to Seller or if Buyer fails to meet the qualifying criteria for the Neighborhood Stabilization Program , the agreement for sale for the property to which this addendum is affixed shall become null and void . Buyer acknowledges that he is required to attend an eight ( 8 ) hour HUD approved homebuyers education course acceptable to Indian River County and provide Indian River County with evidence of his attendance and course completion prior to scheduling the closing for the property being purchased . Seller' s Initials Buyer 's Initials Indian River County Neighborhood Stabilization Program Property Sales Addendum Page 3 F9 Disclosure to Buyer with Voluntary , Arm ' s Length Purchase and Sales Aereement This is to inform you , Buyer, that Seller Purchased the property through Indian River County' s Neighborhood Stabilization Program. Seller purchased the property utilizing funding received from the U . S . Department of Housing and Urban Development (HUD) through the Florida Department of Economic Opportunity . Since the purchase of the property by Buyer would be a voluntary acquisition, arm's length transaction , Buyer will not be eligible for relocation payments or other relocation assistance in accordance with the Uniform Relocation Assistance and Real Property Acquisition Policies Act (URA) . Also , as indicated in the Property Sales Contract, the contract is being executed with the understanding that no tenant is currently occupying the property or will be permitted to occupy the property before the sale of the property is complete . If Buyer is willing to purchase the property under the conditions described in this Addendum, Buyer shall sign the Purchase and Sales Agreement and initial this Addendum . Buyer' s signature on the Purchase and Sales Agreement and Buyer' s initials on this Addendum constitute acknowledgement that Buyer has received this disclosure . Seller's Initials Buyer's Initials MCommunity Development\CDBG\2008 NSP\Housing Sates\Resale Agreement\NSP Addendum - Revised August 201 ! aloe +a_•syYA pp9 Y 4gll DiMISS10 E OF FLORIDAp G ,• • \\\A9�+ ,,4 ! :'401AN RIVER COU TY *°e ' rHIS IS TO CER THAT THI 1 e o;• A TRUE A DC CT COP v : ' HE ORI I ON FILE IN S ¢ � I t-YFFIC JE REY R ; •Cj O.C. °° /y ! • �°