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r 1. PARTIES AND PROPERTY; J<fN Coraoradon a Fronde coraoratfon ("Buyrer'j
r sprees to buy and radian Rarer County , F1orlHrat subtf(vtrJon of the Sate of Honda JT ("Seiier'j
3-, agrees to sell the property as: Street Address: JCGtOf 9th Stet S. W., Vero Beach, ftdda, F1odda
r
r LegelDescri;itlore aaeatlanc�dFxhlbft"A'forlagaldoscdpdon. �'--vT--
a•
r and the following Personal Property:
r
9 (all colloWvsly referred to as the "Property's on the terms and conditions set forth below.
tr 2: PURCHASE PRICE: S Bt 8.1100 00
1r (a) Deposit held In escrow by jlophls gratvri SaMott Oaravarriia A team Chartered i 20 t't00.00
1z McmwAgerrM tel■dnamaut eib,esaeadnn■leeiectanx
1s• EscrowAgcnYsaddraaa: raeaeedneana w�a■■ca fy�a�lo Prion: 772/231-4343
1a• (b) Additional deposit to be made to Escrow Agent within days after Effectlyo Date S
1s,- (c) Additional deposit to be made to Escrow Agent within _ ^ days after Effective Date
1r (d) Total financing (ape Paragraph 5) S
11' (0) Other —; i
1e (ij All deposits will be credited to the purchase price of closing. Balance to dose, subject
1s• to adjustments and protetlons, to be paid with locally drawn cashlers or offldal ba k $ 826.M. .
20 aheck(s) or wire tr.►nafar.� / _;�
21 3. TIME FOR ACCEPTANCE; EFFECTIVE DATE; COMPUTA71ON OF TIME; Unless this otter Is signed by Badu
22' end Buyer and an executed copy delivered to all parties on or before.I'lsb , this offer will be
23 withdrawn and the isoybr's deposit, it any, will be returned. The time for acceptarx:e of any counter offer will be 3 -
u . days from the date tate counter offer is delivered. The" Effective Date" of this Contract is the date on which the
25 last one of the Seller And Buyer has signed or initialed and delivered this offer or the final counter offer.
2e Colander days will be used when cam rig time pedods, ext ept time periods of 5 days or less. Time periods of 5
27 .days or tees will be computed without Including Saturday, Sunday, or national legal holidays. Any time period ending
2e on a Saturday, Sunday, or national legal holiday will extend until 5:00 p,m. of the next business day. Time is of the
29 essence In this Contract.
3o d. CLOSING DATE AND LOCATION:
zo (C.r
m' (a) Closing Date: This transaction wili,be dosed on Ata;",,Ja M (Closing Date). unless specifically
a extended by other provisions of this Contract. The Closing Date will prevail over all other time perlodi Including, but
So not limited to, Financing end Due Diligence periods, In the event insurance underwriting Is suspended on Closing
14 Date and Buyer Is unable to obtain property Insurance, Buyer may postpone dosing up to 5 days aftat the
u insurance underwriting susperiaian Isis liked.
u• euyar t_) (_} and eolia4a-111edge revelpt of a espy of this page. ahleh b Paye 1 ora Pages.
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M1, . FloridaRealtors-
r 1. PARTIES AND PROPERTY: MW Cor craUoti a Florida corporation ("Buyer")
2• agrees to buy and Indian River County, Florida, a subdivision of the State of Flaridat ("Seller")
s agrees to sell the property as: Street Address: X7000 9th Street S. W. Vero Beach Florida Florida
a•
s• Legal Description: see attached Exhibit A" for legal description.
6•
r and the following Personal Property:
a•
s (all collectively referred to as the "Property's on the terms and conditions set forth below.
t0. 2. PURCHASE PRICE: $ 916.000.00
11• (a) Deposit held In escrow by Collins. Brown, Barkett. Garevaglia & Lawn, Chartered $ 20,000.00
_
12 (°Escrow Agent") (ohadss era wbJeel m actual and amt cogeodon)
13• Escrow Agents address: rse pati$Md.yaro Aeagh. FI.32egP Phone: 772J23f=gg
14• (b) Additional deposit to be made to Escrow Agent within _ days after Effective Date $
is, (c) Additional deposit to be made to Escrow Agent within _,,,_ days after Effective Date $
16• (d) Total financing (see Paragraph 5) $
n• (e) Other $
is (f) All deposits will be credited to the purchase price at closing. Balance to close, subject
t0• to adjustments and prorations, to be paid with locally drawn cashier's or official be k $ ,�s6.00D.1?0
20 check(s) or wire transfer.�--
21 3. TIME FOR ACCEPTANCE; EFFECTIVE DATE;.COMPUTATION OF TIME: Unless this offer is signed by Seller
22• and Buyer and an executed copy delivered to all parties on or before A mD 0 , this offer will be
23 withdrawn and ft Buyer's deposit, 9 any, wail be returned. The time for acceptance of any counter offer will be 3
24 days from the date the counter offer Is delivered. The "Effective Data" of this Contract is the date on which the
25 last one of the Seller and Buyer has signed or initialed and delivered this offer or the final counter offer.
20 Calendar days will be used when computing time periods, except time periods of 5 days or less. Time periods of 5
v days or less will be computed without including Saturday, Sunday, or national legal holidays. Any time period ending
2e on a Saturday, Sunday, or national legal holiday will extend until 5:00 p.m. of the next business day. Time Is of the
zs essence in this Contract
30 4. CLOSING DATE AND LOCATION:
--
31• (a) Closing Data: This transaction will be closed on , (Closing Date), unless specifically
32 extended by other provisions of this Contract. The Closing Date will prevail over all other time periods including, but
33 not limited to, Financing and Due Diligence periods. In the event insurance underwriting is suspended on Closing
34 Date and Buyer is unable to obtain property Insurance, Buyer may postpone closing up to 5 days after the
35 Insurance underwriting suspension is lifted.
36• Buyer (—„)"and Sollerk�—knowledge recelpt of a copy of this page, which is Page 1 of 8 Pages.
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37' (b) Location: Closing will take place in fndian River County. Florida. (If left blank, closing
39 will take place in the county where the property is located.) Closing may be conducted by mail or electronic means.
39 5. THIRD PARTY FINANCING:
4o• BUYER'S OBLIGATION: Within days (5 days if left blank) after Effective Date, Buyer will apply for third party
41• financing in an amount not to exceed % of the purchase price or $ , with a fixed interest rate
42• not to exceed _p/o per year with an initial variable interest rate not to exceed _ %, with points or commitment
43' or loan fees not to exceed % of the principal amount, for a term of years, and amortized over
44 years, with additional terms as follows:
45-
46 'Buyer will timely provide any and all credit, employment, financial and other information reasonably required by any
47• lender. Buyer will use good faith and reasonable diligence to Of obtain Loan Approval within _ days (45 days H
4e left blank) from Effective Date (Loan Approval Date), (i1) satisfy terns and conditions of the Loan Approval, and
4a (IIT? close the loan. Buyer will keep Seller and Broker fully informed about loan application status and authorizes the
N mortgage broker and lender to disclose all such Information to Seiler and Broker. Buyer will notify Seller immediately
at upon obtaining financing or being rejected by a lender. CANCELLATION: If Buyer, after using good faith and
s2• reasonable diligence, fails to obtain Loan Approval by Loan Approval Date, Buyer may within _ days (3 days If left
ss blank) deliver written notice to Seller stating Buyer either waives this financing contingency or cancels this Contract.
s4 If Buyer does neither, then Seller may cancel this Contract by delivering written notice to Buyer at any time
ss thereafter. Unless this financing contingency has been waived, this Contract shall remain subject to the
se satisfaction, by closing, of those conditions of Loan Approval related to the Property. DEPOSIT(S) (for purposes
sr of Paragraph 5 only): If Buyer has used good faith and reasonable diligence but does not obtain Loan
so Approval by Loan Approval Date and thereafter either party elects to cancel this Contract as set forth above or the
s9 lender fails or refuses to close on or before the Closing Date without fault on Buyer's part, the Deposit(s) shall be
ao returned to Buyer, whereupon both parties will be released from all further obligations under this Contract, except for
e1 obligations stated herein as surviving the termination of this Contract. If neither party elects to terminate this Contract
62 as set forth above or Buyer fails to use good faith or reasonable diligence as set forth above, Seller will be entitled to
63 retain the Deposit(s) If the transaction does not close.
e4- B. TITLE: Seller has the legal capacity to and will convey marketable title to the Property by❑ statutory warranty
es• deed X other. County Deed , free of liens, easements and encumbrances of record or
es known to Seller, but subject to property taxes for the year of closing; covenants, restrictions and public utility
e7 easements of record; existing zoning and governmental regulations; and (list any other matters to which title will be
ee• subject)
W
70 provided there exists at closing no violation of the foregoing and none of them prevents Buyer's intended use of the
7t• Property as xM 9th Street; S. W., Vero Beach, FL
72 (a) Evidence of Title: The party who pays the premium for the title insurance policy will select the closing agent
7s• and pay for the title search and closing services. Seller will, at (check one) ❑ Seller's X Buyer's expense and
74' within 15 days 13 after Effective Date 13 or at least days before Closing Date deliver to Buyer (check one)
75• 0 (i.) a title insurance commitment by a Florida licensed title insurer setting forth those matters to be
7e discharged by Seller at or before Closing and, upon Buyer recording the deed, an owner's policy in the amount
77 of the purchase price for fee simple title subject onlyto exceptions stated above. If Buyer is paying for the
78 evidence of title and Seller has an owner's policy, Seller will deliver a copy to Buyer within 15 days after
7D Effective Date.
ao• ❑ (il.) an abstract of title, prepared or brought current by an existing abstract firm or certified as correct by an
at existing firth. However, If such an abstract is not available to Seller, then a prior owners title policy acceptable
02 to the proposed insurer as a base for retssuance of coverage may be used. The prior policy will include copies
93 of all policy exceptions and an update in a format acceptable to Buyer from the policy effective date and
04 certified to Buyer or Buyer's closing agent together with copies of all documents recited in the prior policy and
as in the update. If such an abstract or prior policy is not available to Seller then (t.) above will be the evidence of
as title.
e7 (b) Title Examination: Buyer will, within 15 days from receipt of the evidence of title deliver written notice to Seller
as of title defects. Title will Jke de cceptabie to Buyer if (1) Buyer fails to deliver proper notice of defects or
a0• Buyer""A "and Seller ecknowledga receipt of a copy of this page, which is Page 2 of 8 Pages.
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go. (2) Buyer delivers proper written notice and Sailor cures the defects within _ days from receipt of the notice
01 ('Curative Period'). If the defects are cured within the Curative Period, closing will occur within 10 days from receipt
e2 by Buyer of notice of such curing, Seller may elect not to cure defects if Seller reasonably believes any defect
93 cannot be cured within the Curative Period. If the defects are not cured within the Curative Period, Buyer will have
04 10 days from receipt of notice of Seder's inability to cure the defects to elect whether to terminate this Contract or
91 accept title subject to existing defects and close the transaction without reduction in purchase price.
a8 (c) Survey: (check applicable provisions below)
07• b (i.)Sellerwill, within days from Effective Date, deliver to Buyer copies of prior surveys, plans,
at specifications, and engineering documents, if any, and the following documents relevant to this transaction:
e0•
100 prepared for Seller or In Seller's possession, which show all currently existing structures. In the event this
101 transaction does not close, all documents provided by Seller will be returned to Seller within 10 days from the
102 date this Contract is terminated.
103• 18( Buyer will, at 0 Seller'sW Buyses expense and within the time period allowed to deliver and examine title
104 evidence, obtain a current certified survey of the Property from a registered surveyor. If tha survey reveals
105• encroachments on the Property or that the improvements encroach on the lands of another, O Buyer will
1W accept the Property with existing encroachments 13 such encroachments will constitute a title defect to be
for cured within the Curative Period,
100 (d) Ingress and Egress: Seller warrants that the Property presently has Ingress and egress.
1o0 7. PROPERTY CONDITION: Seller will deliver the Property to Buyer at the time agreed in its present "as Is"
»o condition, ordinary wear and tear excepted, and will maintain the landscaping and grounds in a comparable condition.
111 Seller makes no warranties other than marketability of title. In the event that the condition of the Property has
112 materially changed since the expiration of the Due Diligence Period, Buyer may elect to terminate the Contract and
113 receive a refund of any and all deposits paid, plus Interest, If applicable. By accepting the Property "es hr, Buyer
114 waives all claims against Seller for any defects in the Property. (Check (a) or (b))
11a• 19 (a) As Is: Buyer has inspected the Property or waives any right to Inspect and accepts the Property in its "as is"
rse condition.
11r 0 (b) Due Diligence Period: Buyer will, at Buyer's expense and within _ days from Effective Date ("Due
11e Diligence Period'), determine whether the Property Is suitable, in Buyers sole and absolute discretion, for Buyer's
110 intended use and development of the Property as specified in Paragraph 6, During the Due Diligence Period,
120 Buyer may conduct any tests, analyses, surveys and Investigations ("Inspections") which Buyer deems necessary
121 to determine to Buyer's satisfaction the Property's engineering, architectural, environmental properties; zoning and
122 zoning restrictions, flood zone designation and restrictions; subdivision regulations; soil and grade; availability of
123 access to public roads, water, and other utilities; consistency with local, state and regional growth management and
124 comprehensive land use plans; availability of permits, government approvals and licenses; compliance with
126 American with Disabilities Act; absence of asbestos, soil and ground water contamination; and other Inspections
128 that Buyer deems appropriate to determine the suitability of the Property for Buyer's Intended use and
127 development. Buyer will deliver written notice to Seller prior to the expiration of the Due Diligence Period of
12a Buyer's determination of whether or not the Property is acceptable. Buyer's failure to comply with this notice
120 requirement will constitute acceptance of the Property in its present "as is' condition. Seller grants to Buyer, its
130 agents, contractors and assigns, the right to enter the Property at any time during the Due Diligence Period for the
131 purpose of conducting inspections; provided, however, that Buyer, its agents, contractors and assigns enter the
132 Property and conduct inspections at their own risk. Buyer will indemnify and hold Seller harmless from losses,
133 damages, costs, claims and expenses of any nature, including attomeys' fees at all levels, and from liability to any
134 person, arising from the conduct of any and all inspections or any work authorized by Buyer, Buyer will not engage
133 In any activity that could result In a mechanic's lien being flied against the Property without Seller's prior written
13a consent, In the event this transaction does not close, (1) Buyer will repair all damages to the Property resulting
137 from the Inspections and return the Property to the condition it was in prior to conduct of the Inspections, and
130 (2) Buyer will, at Buyer's expense release to Seller all reports and other work generated as a result of the
130 inspections. Should Buyer deliver timely notice that the Property Is not acceptable, Seller agrees that Buyer's
140 deposit will be Immediately returned to Buyer and the Contract terminated.
141 (c) Walk-through Inspmay, on the day prior to closing or any other time mutually agreeable to the
142- Buyer (,,,,,_,) (I and seiror nawledgo receipt of a copy of this page, which Is Page 3 of 8 Pages.
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143 parties, conduct a final 'walk-through" Inspection of the Property to determine compliance with this paragraph and
144 to ensure that all Property Is on the premises.
14a 8. OPERATION OF PROPERTY DURING CONTRACT PERIOD: Seiler will continue to operate the Property and any
146 business conducted on the Property in the manner operated prior to Contract and will take no action that would
147 adversely impact the Property, tenants, lenders or business, If any. Any changes, such as renting vacant space, that
146• materially affect the Property or Buyees intended use of the Property will be permitted ❑ only with Buyer's consent
14s• ❑ without Buyer's consent
166 9. CLOSING PROCEDURE: Unless otherwise agreed or stated herein, closing procedure shall be In accordance with
1s/ the norms where the Property is located.
152 (a) Possession and Occupancy: Seller will deliver possession and occupancy of the Property to Buyer at
153 closing. Seller will provide keys, remote controls, and any securitylaccess codes necesseryto operate all locks,
154 mailboxes, and security systems.
166 (b) Costs: Buyer will pay Buyer's attomeys' fees, taxes and recording fees on notes, mortgages and financing
156 statements and recording fees for the deed. Seller will pay Seller's attorneys' fees, taxes on the deed and
1s7 recording fees for documents needed to cure title defects. If Seiler Is obligated to discharge any encumbrance at or
168 prior to closing and fails to do so, Buyer may use purchase proceeds to satisfy the encumbrances.
168 (c) Documents: Seller will provide the deed; bill of sale; mechanic's lien affidavit; originals of those assignable
166 service and maintenance contracts that will be assumed by Buyer after the Closing Date and letters to each
161 service contractor from Seller advising each of them of the sale of the Property and, if applicable, the transfer of its
ISE contract, and any assignable warranties or guarantees received or held by Seller from any manufacturer,
163 contractor, subcontractor, or material supplier in connection with the Property; current copies of the condominium
164 documents, If applicable; assignments of leases, updated rent roll; tenant and lender estoppels letters; tenant
165 subordination, non -disturbance and attomment agreements (SNDAs) required by the Buyer or Buyer's lender,
166 assignments of permits and licenses; corrective instruments; and letters notifying tenants of the change In
187 ownershipfrental agent If any tenant refuses to execute an estoppels letter, Seller will certify that Information
188 regarding the tenant's lease is correct If Seller is an entity, Seller will deliver a resolution of Its Board of Directors
1e6 authorizing the sale and delivery of the deed and certification by the appropriate party certifying the resolution and
170 setting forth facts showing the conveyance conforms to the requirements of local law. Seller will transfer security
171 deposits to Buyer. Buyer will provide the closing statement, mortgages and notes, security agreements, and
11.2 financing statements.
173 (d) Taxes and Proration: Real estate taxes, personal property taxes on any tangible personal property, bond
174 payments assumed by Buyer, interest, rents (based on actual collected rents), association dues, Insurance
175 premiums acceptable to Buyer, and operating expenses will be prorated through the day before closing. if the
176 amount of taxes for the current year cannot be ascertained, rates for the previous year will be used with due
177 allowance being made for improvements and exemptions. Any tax proration based on an estimate will, at request
17a of either party, be readjusted upon receipt of current year's tax bill; this provision will survive closing.
178 (e) Special Assessment Lien: Certified, confirmed, and ratified special assessment liens as of the Closing Date
180 will be paid by Seller. If a certified, confirmed, and ratified special assessment Is payable in installments, Seller will
lei pay ail installments due and payable on or before the Closing Date, with any Installment for any period extending
162 beyond the Closing Date prorated, and Buyer will assume all Installments that become due and payable after the
IN Closing Date. Buyer will be responsible for all assessments of any kind which become due and owing after Closing
164 Date, unless an improvement Is substantially completed as of Closing Date, If an Improvement is substantially
ISO completed as of the Closing Date but has not resulted in a Ilan before closing, Seller will pay the amount of the last
16e estimate of the assessment. This subsection applies to special assessment liens Imposed by a public body and
187 does not apply to condominium association special assessments.
lea (f) Foreign Investment in Real Property Tax Act (FIRPTA): If Seller is a "foreign person' as defined by FIRPTA,
les Seller and Buyer agree to comply with Section 1445 of the Internal Revenue Code. Seiler and Buyer will
1s0 complete, execute, and deliver as directed any Instrument, affidavit, or statement reasonably necessary to comply
let with the FIRPTA require eats, Incl% ng delivery of their respective federal taxpayer identification numbers or
102 Buyer f� (_^) and Sollor owledge receipt of a copy of this page, which Is Page 4 of 8 Pege&
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tag Social Security Numbers to the closing agent. If Buyer does not pay sufficient cash at closing to meet the
104 withholding requirement, Seiler will deliver to Buyer at closing the additional cash necessary to satisfy the
los requirement.
too 19. ESCROW AGENT: Seller and Buyer authorize Escrow Agent or Closing Agent (collectively "Agent") to
107 receive, deposit, and hold funds and other property in escrow and, subject to collection, disburse them in accordance
too with the terms of this ContracL The parties agree that Agent will not be liable to any person for misdeiivery of
too escrowed hems to Seller or Buyer, unless the misdelivery is due to Agents willful breach of this Contract or gross
zoo negligence. If Agent has doubt as to Agent's duties or obligations under this Contract, Agent may, at Agent's option,
sot (a) hold the escrowed items until the parties mutually agree to its disbursement or unlit a court of competent
2oz jurisdiction or arbitrator determines the rights of the parties or (b) deposit the escrowed items with the clerk of
203 the court having jurisdiction over the matter and file an action In Interpleader, Upon notifying the parties of such action,
M Agent will be released from all liability except for the duty to account for Items previously delivered out of escrow, If
gas Agent Is a licensed feat estate broker, Agent will comply with Chapter 475, Florida Statutes. in any suit in which Agent
los interpleads the escrowed Rams or is made a party because of acting as Agent hereunder, Agent will recover
202 reasonable attorneys fees and costs incurred, with these amounts to be paid from and out of the escrowed items and
toe charged and awarded as court costs In favor of the prevailing party.
200 11. CURE PERIOD: Prior to any claim for default being made, a party will have an opportunity to cure any alleged
2fo default. If a party falls to comply with any provision of this Contract, the other party will deriver written notice to the non -
2t1 -complying party specifying the non-compliance_ The non -complying party will have _, days (5 days if left blank) after
212 delivery of such notice to cure the non-compliance, Notice and cure shall not apply to failure to close.
213 12. RETURN OF DEPOSIT: Unless otherwise specified In the Contract, in the event any condition of this Contract Is
214 not met and Buyer has timely given any required notice regarding the condition having not been met, Buyees deposit
215 will be returned In accordance with applicable Florida Laws and regulations.
216 13. DEFAULT:
212 (a) In the event the sale Is not closed due to any default or failure on the part of Seller other then failure to make
210 the title marketable after diligent effort, Buyer may either (1) receive a refund of Buyer's deposit(s) or (2) seek
ata specific performance. 0 Buyer elects a deposit refund, Seller will be liable to Broker for the full amount of the
22o brokerage fee.
22t (b) In the event the sale Is not closed due to any default or failure on the part of Buyer, Seller may either (1) retain
222 all deposft(s) paid or agreed to be paid by Buyer as agreed upon liquidated damages, consideration for the
223 execution of this Contract, and in full settlement of any claims, upon which this Contract will terminate or (2) seek
224 specific performance. If Seller retains the deposit, Seiler will pay the Brokers named in Paragraph 28 fifty percent
225 of all forfeited deposits retained by Seller (to be split equally among the Brokers) up to the full amount of the
226 brokerage fee, If Buyer falls to timely place a deposit as required by this Contract, Seller may either (1) terminate
227 the Contract and seek the remedy outlined In this subparagraph or (2) proceed with the Contract without waiving
226 any remedy for Buyer's default.
220 14 ATTORNEY'S FEES AND COSTS: In any claim or controversy arising out of or relating to this Contract, the
23o prevailing party, which for purposes of this provision will include Buyer, Seller and Broker, will be awarded reasonable
231 attorneys' fees, costs, and expenses.
232 15. NOTICES: All notices will be In writing and may be delivered by mail, overnight courier, personal delivery. or
233 electronic means. Parties agree to send all notices to addresses specified on the signature page(s). Any notice,
za4 document, or item given by or delivered to an attorney or real estate licensee (Including a transaction broker)
235 representing a party will be as effective as if given by or delivered to that party.
sae 16. DISCLOSURES:
23? (a) Commercial Real Estate Sales Commission Lien Act: The Florida Commercial Real Estate Sales
238 Commission Lien Act provides that a broker has a lien upon the owner's net proceeds from the sale of commercial
zoo real estate for any com . sion e0. d by the broker under a brokerage agreement. The lien upon the owner's net
240, Buyer t._) (I and Sailornowledge receipt of a copy of this page, which Is Page 5 of 8 Pages,
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eat proceeds is a tion upon personal property which attaches to the owners net proceeds and does not attach to any
242 interest in real property, This lion right cannot be waived before the commission is earned.
243 (b) Special Assessment Liens Imposed by Public Body: The Property may be subject to unpaid special
as assessment lien(s) imposed by a public body. (A public body Includes a Community Development District.) Such
246 liens, If any, shall be paid as set forth in Paragraph 9(e).
246 (c) Radon Gas: Radon Is a naturally occurring radioactive gas that, when it has accumulated in a building in
241 sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that
las exceed federal and state guidelines have been found In buildings in Florida. Additional Information regarding radon
240 and nation testing may be obtained from your county public health unit.
2so (d) Energy-Etiiclency Rating Information: Buyer acknowledges receipt of the information brochure required by
ast Section 553.896, Florida Statutes.
2s2 17, RISK OF LOSS:
253 (a) If, after the Effective Date and before closing, the Property is damaged by fire or other casualty, Seller will bear
254 the risk of loss and Buyer may cancel this Contract without liability and the deposit(s) will be returned to Buyer.
266 Alternatively, Buyer will have the option of purchasing the Property at the agreed upon purchase price and Seller
2ao will credit the deductible, if any and transfer to Buyer at closing any insurance proceeds, or Seder's claim to any
267 insurance proceeds payable for the damage. Seller will cooperate with and assist Buyer in collecting any such
230 proceeds. Seller shall not settle any Insurance claim for damage caused by casualty without the consent of the
no Buyer,
280 (b) If, after the Effective Date and before closing, any part of the Property Is taken in condemnation or under the
261 right of eminent domain, or proceedings for such taking will be pending or threatened, Buyer may cancel this
262 Contract without liability and the deposh(s) will be returned to Buyer. Alternatively, Buyer will have the option of
2s3 purchasing what is left of the Property at the agreed upon purchase price and Seller will transfer to the Buyer at
284 closing the proceeds of any award, or Seller's Giaim to any award payable for the taking. Seiler will cooperate with
les and assist Buyer In collecting any such award.
les• 18. ASSIGNABILITY; PERSONS BOUND: This Contract may be assigned to a related entity, and otherwise❑ Is
ter not assignable 13 Is assignable. If this Contract may be assigned, Buyer shall deliver a copy of the assignment
les agreement to the Seller at least 5 days prior to Closing. The terns "Buyer," "Seller" and 'Broker" may be singular or
las plural. This Contract is binding upon Buyer, Seller and their heirs, personal representatives, successors and assigns
270 (if assignment is permitted).
271 19. MISCELLANEOUS: The terms of this Contract constitute the entire agreement between Buyer and Seller.
272 Modifications of this Contract will not be binding unless In writing, signed and delivered by the party to be bound.
273 Signatures, Initials, documents referenced in this Contract, counterparts and written modifications communicated
274 electronically or on paper will be acceptable for all purposes, Including delivery, and will be binding. Handwritten or
27s typewritten terms inserted in or attached to this Contract prevail over preprinted terns. If any provision of this Contract
270 is or becomes Invalid or unenforceable, all remaining provisions will continue to be fully effective. This Contract will be
271 construed under Florida law and will not be recorded in any public records.
27s 20. BROKERS: Neither Seder nor Buyer has used the services of, or for any other reason owes compensation to,
27a a licensed real estate Broker other than:
2so• (a) Seller's Broker: NONE
264 (company 11-8) (tkansee)
262'
Zea .. (Address, Tele one, Foy, •me0)
2a4• who [] is a single agent[] is a transaction broker has no brokerage relationship and who will be compensated
los- by O Seller[] Buyer[] both parties pursuant to [] a listing agreement [] other (specify)
zae•
2071 Buyer ( 3 " and Seller nowledge receipt of a copy of this page, which Is Page 6 of 8 Pages,
Gt:.l Rov.12110 02010 FtortdeAsso ollonerREALTORSa AaRIghtsResarvad
ticonsed to Alta Stu Saftam and ID: 0-13361611611,C(M.120322
Software and added formatting 02010 Alta Star Software, all rights reserved. • www.eflastaf.com • t877) 279-8899
2ae• (b) Buyer's Broker: NONE.
2aa (Company Nome) bomaea)
Zea•
291 (Addrom Telephone, FOY E•rttat)
292- who O Is a single agentO is a transaction broker[] has no brokerage relationship and who will be compensated
z93' byO Seller'sBrokerO Sellerfl BuyerLI both.parttespursuanttoO anMLSofferofcompensetlonO other(specify)
294•
goo (collectively referred to as "Broker") In connection with any act relating to the Property, Including but not limited to
Zoe Inquiries, Introductions, consultations, and negotiations resulting In this transaction. Seller and Buyer agree to
2o? indemnify and hold Broker harmless from and against losses, damages, costs and expenses of any kind, Including
2e6 reasonable attorneys' fees at all levels, and from liability to any person, arising from (1) compensation claimed which is
Zoe Inconsistent with the representation in this Paragraph, (2) enforcement action to collect a brokerage fee pursuant to
soo Paragraph 10, (3) any duty accepted by Broker at the request of Seller or Buyer, which is beyond the scope of
sol services regulated by Chapter 475, Florida Statutes, as amended, or (4) recommendations of or services provided and
3o2 expenses incurred by any third party whom Broker refers, recommends, or retains for or on behalf of Seller or Buyer.
303 21. OPTIONAL CLAUSES: (Check if any of the following clauses are applicable and are attached as an addendum to
304 this Contract);
sos• [] Arbitration O Seller Warranty O Existing Mortgage
3os• [] Section 1031 Exchange O Coastal Construction Control Line O Buyer's Attorney Approval
3071 O Property Inspection and Repair ❑ Flood Area Hazard Zone O Seller's Attomey Approval
396• O Seller Representations O Seller Financing O Other
3oa 22. ADDITIONAL TERMS:
310'
3N•
312',
313'
314•
318'
318`
317•
318•
319'
320"
321 THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK THE
322 ADVICE OF AN ATTORNEY PRIOR TO SIGNING. BROKER ADVISES BUYER AND SELLER TO VERIFY ALL
323 FACTS AND REPRESENTATIONS THAT ARE IMPORTANT TO THEM AND TO CONSULT AN APPROPRIATE
3x4 PROFESSIONAL FOR LEGAL ADVICE (FOR EXAMPLE, INTERPRETING CONTRACTS, DETERMINING THE
32a EFFECT OF LAWS ON THE PROPERTY AND TRANSACTION, STATUS OF TITLE, FOREIGN INVESTOR
szo REPORTING REQUIREMENTS, ETC.) AND FOR TAX, PROPERTY CONDITION, ENVIRONMENTAL AND OTHER
327 ADVICE, BUYER ACKNOWLEDGES THAT BROKER DOES NOT OCCUPY THE PROPERTY AND THAT ALL
329 REPRESENTATIONS (ORAL, WRITTEN OR OTHERWISE) BY BROKER ARE BASED ON SELLER
Sze REPRESENTATIONS OR PUBLIC RECORDS UNLESS BROKER INDICATES PERSONAL VERIFICATION OF
33o THE REPRESENTATION. BUYER AGREES TO RELY SOLELY ON SELLER, PROFESSIONAL INSPECTORS
331 AND GOVERNMENTAL AGENCIES FOR VERIFICATION OF THE PROPERTY CONDITION, SQUARE FOOTAGE
332 AND FACTS THAT MAT AY CT PROPERTY VALUE.
333' Buyer( I" and Seller ..knowledge receipt of a copy of this page, which Is Page 7 of S Pages.
CGA ReV.1271. 02010 Fiaida Assadaiian er REALTORSO All Rigata Reserved
Licensed to Ab Star SoNvare and ID: D -1338181188.C628.120322
Software and added formatting 0 2018 Alta Star Software, all rights reserved.' www.altastar.com • (877) 279-8898
334 Each person signing this Contract on behalf of a party that Is a business entity represents and warrants to the other
335 party that such signatory has full power and authority to enter into and perforin this Contract in accordance with its
335 terms and each person executing this Contract and other documents on behalf of such party has been duly authorized
337 to do So,
N) } radon, r d. corporation
39a' 1 ti:'r^^. '..`+.�._........ Date: OC W 0 rev
330 (SI na ure of Bu
a4o P` N R U-� E 1. L. E9, Tax ID No., ^ 0 t 13 7s a
341 (Typed or Printed Name of Buyer)
342 -Taft, i' 9 G �� N t Telephone: YS 7 ��2 �+ Is, -)b
343• Date:
344 (Signature of Buyer)
345' Tax ID No:
34e (Typed or Printed Name of Buyer)
a47' Title: Telephone:
34a' Buyer's Address for purpose of notice:
352' J:'%-- L
ass (Typed or
354' Title:
351,
ass
3se•Title: fIPnUty C1 t-rk Telephone:
sso•Se(ler's Address for purpose of notice:
3ai-Facsimile: Email:
,2-567-8000
The Florida Association of REALToRe makes no representatlon as to the loge] volldlly or adequacy of any provision alibis form In any epedRc ttanaactlon. This
standardized farm should not be used In complex bans0s5ons or with extensive riders or oddidans. This form 15 available for use by the antlre real estate Industry
and is not Intended to Identify the user as a RFALTOrtt REALTOR* Is a registered collective membership mark which may be used only by real estate licensees who
are members of the NATIONAL ASSOCIATION OF REALTORS' and who subscribe to its Coda of Ethics.
The Copyright lave of tha United States (17 U.S. Code) forbid the unauthorized reproduction of this form by any means Including facsimile or computerized forme.
382' Buyer r U and Seller29owiedge receipt of a copy of this page. which Is Page 8 of S Pages,
CG -4 Rev, 12110 02010 Florida Association of REALTORS° Ag Rights Reserved
Licensed to Ab Star Softwareand 10: D-133e151185.CG213A20322
Software and added formatting 0 2018 Alta Star Software, allArighta reserved. • www.attastar.com - (877) 279.8898
APPROVED AS TO FORM
AN S IN
e ,
BY WILLIAM K. EBRAAL
. DEPUTY COUNTY ATTORNEY
N/
LiDESCRIPTION: , f
THE WEST 12 OF THE WEST 12 OF TRACT 2 AND THE THE NORTH 300 FEET OF THE WEST 112 OF THE WEST 12 OF TRACT
7, SECTION 25, TOWNSHIP 33 SOUTH, RANGE 38 EAST, ACCORDING TO THE LAST GENERAL PLAT OF THE INDIAN RIVER
FARMS COMPANY, AS RECORDED IN THE OFFICE OF THE CLERK OF CIRCUIT COURT IN PLAT 2, AT PAGE 26, OF THE
PUBLIC RECORDS OF ST..LUCIE COUNTY, FLORIDA: SAID LANDS NOW LYING AND BEING IN INDIAN RIVER COUNTY,
FLORIDA.
{THE ABOVE DESCRIBED PARCEL CONTAINING 542,614 S.F. OR 12.46 ACRES MORE OR LESS,
i
SURVEYOR'S GENERAL NOTES AND REPORT:
1, UNLESS R BEARS THE SIGNATURE AND THE ORIGINAL RAISED SEAL OF A FLORIDA LICENSED SURVEYOR AND MAPPER, THIS
DRAWING, SKETCH, PLAT OR MAP IS FOR INFORMATIONAL PURPOSES ONLY AND IS NOT VALID,
2. SURVEY FIELD WORK WAS NOT PERFORMED TO DELINEATE THE BOUNDARY OF THE SUBJECT PARCEL OF THIS SKETCH AND
DESCRIPTION,
3. BEARINGS SHOWN HEREON ARE BASED UPON THE BOUNDARY AND TOPOGRAPHIC SURVEY PERFORMED BY CARTER
ASSOCIATES, INC., DATED MAY 20TH, 2014, PROJECT NO, 14-25 E. DRAWING NO. IWFD-0, THE NORTH AMERICAN DATUM OF
1983, ADJUSTMENT OF 2011, AND ARE PROJECTED IN THE FLORIDA STATE PLANE COORDINATE SYSTEM, FLORIDA EAST ZONE
(901) AND ARE REFERENCED TO THE ESTABLISHED AND MONUMENTED LINE AS SHOWN ON SAID SURVEY AS THE BEARING
BASIS.
4. THIS SKETCH AND DESCRIPTION DOES NOT INTEND TO IMPLY OR DETERMINE OWNERSHIP OR DELINEATE LOCAL AREAS OF
CONCERN OR ANY OTHER JURISDICTIONAL DETERMINATION.
5. THIS SKETCH AND DESCRIPTION HAS BEEN PREPARED FOR THE EXCLUSIVE BENEFIT AND USE OF THE PERSONS AND/OR
ENTITIES NAMED HERON FOR THE PURPOSES IDENTIFIED HEREON ONLY, UNLESS OTHERWISE STATED. CERTIFICATION OF
THIS SURVEY MAP APPLIES ONLY TO THE STANDARDS OF PRACTICE SET FORTH BY THE FLORIDA BOARD OF PROFESSIONAL
SURVEYORS AND MAPPERS IN CHAPTER 0,117 FLORIDA ADMINISTRATIVE CODE, PURSUANT TO SECTION 472.027, FLORIDA
STATUTES. THE CERTIFICATION IN NO WAY CONSTITUTES NEITHER GUARANTY NOR WARRANTY TO ANY OTHER INFORMATION
NOT SHOWN HEREON. ADDITIONS, DELETIONS OR REVISIONS TO THIS DRAWING BY OTHERS ARE NOT PERMITTED AND THIS
SURVEY MAY NOT BE TRANSFERRED WITHOUT THE EXPRESSED WRITTEN PERMISSION OF THE SIGNING SURVEYOR. THIS
SKETCH AND DESCRIPTION IS NOT VALID FOR ANY OTHER PURPOSE OTHER THAN INTENDED SY THE SIGNING SURVEYOR.
S. THE LEGAL DESCRIPTION WAS DEVELOPED BY THE PROFESSIONAL SURVEYOR AND MAPPER AS DIRECTED BY THE CLIENT.
7. THIS MAP IS NOT A BOUNDARY SURVEY. THIS SKETCH AND DESCRIPTION CONSISTS OF 2 SHEETS AND SHALL NOT BE
CONSIDERED COMPLETE AND OR VALID UNLESS ALL SHEETS ARE PRESENT.
CERTIFIED TO:
MW CORPORATION
INDIAN RIVER COUNTY
LEGEND
I.R.F.W,QD. INDIAN RIVER FARMS WATER OONIROL DISTRICT
ROW RIGHT OF WAY
ORB OFFICIAL RECORD BOW
PO PACE
I.R.C.,FL INDIAN RIVER COUNTY, RARIDA
THIS SKETCH IS NOT A BOUNDARY SURVEY
IhAA41-01 =CARTERASSO(IA'T'ES,INC.
DNSULTLNG ENGWM AND LAND SORVSYOBS owaveer�*
nvw.er : ca
170821st STREET, VERO BEACH, FL 32960 fwuf tol,Iww�
ct1 cm) SM4191 FA?.Y C172ISGt-?180 Rfsr =>snoc
z-1
r "r�i••
DAVID E. LUET14J[: PSM 6728 �.` �1 ;`•SICi�IAT�JEtE `�kl t',
CARTER ASSOCIATES, INC. LB 205
1708 21st STREET, VERO BEACH, FLORIDA'** ,,.+"
SKETCH OF DESCRIPTIONSHEET
A PORTION OF TRACTS 2& 7 FAO ^
SECTION 25, TOWNSHIP 33 SOUTH, RANGE 38 ST L
INDIAN RIVER COUNTY, FLORIDA
BNWI CORPORATION li — 7
. ».
LEGEND
MV.W.QI). MAN RM FAM WAIER CONVOL DISTRICT
ROW RIGHT OF WAY
PG PACE OSLO ROAD Sth STREET SW
LR.C.,FL W" RIVE7 COUNW. FLORIDA NORTH 57'
807-5,
30 PJGHT-OF-WAY RESERVED PER PLAT
-MARGINAL ACCESS
OFJ
INDIAN RIVER FARMS COMPANY SUBDIVISlow ROAD EASEMENT
KST LINE OF TRACT 2-\
FAST LINE Or TRACT 3
TRACT 3
(NOT INCLUDED)
TRACT- 2
(NOT INCLUDED)
(NOT INCLUDED)
PER PREVIOUS SITE PLAN
BY CARTER ASSOCIATM IND,
PROJ
ECT # E-447-57 FIL 367
Pa. 73+1 WED 1-67, iWli6l
10124180 NO RECORDED INFORMANON
FURNISHED
cq
N 8941'
SOUTH LINE OF TRACT 2 w
NORTH LINE'CF TRACT 7
TRACT I
414
'187' ACRES
MACU 99.776 SO FT.
229 ACRES
NORTH
TRACT 7
(NOT INCLUDED) OM INCLUDED)
.125 w
TRACT 6 0 or
(NOT INCLUDED) z
WEST LINE OF TRACT 7-/. WEL4 7of
EAST LINE OF MOT s
60' RIGHT-OF-WAY RESERVED M
PLAT OF INDIAN RIVER FARMS COMPANY
SUBDIVISION FOR ROAD 'KELLY ROAD-
- 13th STREET SlAr AND I.R.FW.QD.
SUB -LATERAL C -S CANAL
THIS SKETCH IS NOT A BOUNDARY SURVEY
SHEET
CAUER ASSOCI&TIN, SKETCH OF DESCRIPTION
SECTION 25, TOWNSHIP 33 SOUTH, RANGE *8 MAST
V -1-09i FAXCr? )582-7laO RW.# W" INDIAN RMR COUNTY, FLORIDA
MM CORPORATION