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HomeMy WebLinkAbout1999-152e✓ e—R CONTRACT FOR SALE. AND PURCHASE I:1.ORI1)A ASSMIATION l7F Ri:Ai.I'OR S AN171'11.151;1.C)1(11)A BAR PARTIES: _ __frank p" bik"tt#_ . _ _ ['Sella"! of - 3Qlit)-8516 33t1d_B�L +. L#►Yti#FdalA,_i]91Cid#-3 3QQ (Ntonc) {9541 772 -2136 - and =at#itttst�ti vos._4sar,Tnt>r—#�sllitiataT oubdiviairaa. of Cho-:81G#t*_-ofi .l?lori list ('Eiityvv'), of�1�94�5 h� ssot.4!*>EvSaecoh.-Flvleid#.-J29fi0— (Ph.m) (56U567 -8-0-0- b creby agree th ILI 5651569-@.404_.bereby'agreethat Seller siail selI and Tluya shall buy thc rollowingRcal Propertyand Personal Property (wlleditely "Properly") uPon the falloWir8 Wrromand wttd'dions, whkh 1 NCLU DF. Si an d and a for R eat Ptrata'franaadions ("'land Prd(s)") on the reverse side or Tomtit ed hereto and aides and addenda to li is Contrail for Sale and Purdnuse ("Centrad"). iiINSCRTPTION: {a) lxga�des ri}rtsun of Real Ptoperly lacatcd in _ _IASL -RiK�M-GALUD-ti]t T Cavnsy. Pdarida: - a41fQ-1QQ#1..tittles'lLiB.t$OSL$X8Lilid.t- _#feC1R@8Al1d.11RtRt.O ItS1.1nade .a..PAxt. hOY•#tf.,—..-- - (b) Su address, CRY. 4P, oftheT'rape+eyes: --52WI-.Avenua CvunSY_-n0j0Qt-1?01A-623 (c)Pct�ona�Prapenrr:_�@na,_A_1-�antrd�a�@sll�_130.4W and 1P4A1i',. ponta�inin4-+►--Cas#I, sf_.6D_ w@�ss W4- --- pT�sA�N -- .SrSSTD,TlEL�'_T()_INAIAH ItIyIER �tySlli:�.i_2'Jti71L�EFAV'1CiIL____-� 11. MRCIUMPRICx .., ......................................................................................•...,.... S-9.1.$mo PAYSIEN-r: in (a) Dep ash held in escrow by _ tlsc arnount nf...--.................. S__0 _ (b) Additional esuovvdeposit rvithiii da after Flrcditr Dale (as defined in para®rapb 111) is Ore aiovnt or .......•....... (elSubjedtoANAasaumptianofmoRgsgingoadsandinginfa+prof--- --___- �- �-- _ _ Laving an approteimatepresat4 prmtiipal balantuaF...................... _ .S Q. {dj Rirdaasc rteaney [nartgp and Hole bt the amauns nf.,.......•.............................................................. .....S --- p--- (sec addendum) (c) Ods a: T-- (1) fialance to dose byUS. cash, IMALLY ITR AWN aediied or rnahier's dtesi err thirdpir y lean, subfed to ad;ttstrraaits andprorations....... ............................ -- ......... ......... ............ .,..,,..,...........,............,......................... . ........,- III, Ti fF FOR A(.KYWAi+ M OF OMM; E FEEC7'I KVATE, F1CNIABLE', ifthis afler isnot ewouted by and del ivrrWto all parries OR FACT OF EXIXUTION comnainimud in writingbetvvm the parties an at before . 25__dtllYa— . the dgaast(s)will,at Duyrr soption. bcrelumedto [Ioy- erandthisolcr%kididrawn.7hedateorConuad,(EirwiveDate")t%illbethe+Imewhertheli aoneafthcl1uwr and Seller has aijpedthis oiler, A ll"indle wpy uRhisContradand anysigiatures hereon shall be considered for all purposes as origiaah. W. FIyANUNG: {a)[fslteryurdtascpritvoranypartaritistabefinana-dhyelhird�tertyloan,IlaisC'antradiswnditionedoniluytivahtainurgawrrticrl cnnartitm,'nsw'itlxin _ days offer Efledive Dale W(C11L'CK O1+;i.YON10:l , afixed; j 1 an adjustable: or i. I a fiwd or adjustable rate loan for the printipai aauntof5 at an naYtoeHaecd _ °a. diva+untand miginotionfees nottoe�ed m or the principal aux ant, and s reran of years. DuyeT +till rnahc opplicatinn within days after Ffredivti Unto and reasonable diliDmce to obtain th,eloan tsziwilibu it and_,Utereatler,tu ,atiafytheler mans wnditionsnfthecoimithmixtt and dose the Iran 1) wm shall pay all loan expenses- 1r Myer fails toobtainthemmstiunentorfailstoHaig IIu,&rrights under this subparagraph%%ittimthe tirtnForobtaininga wtbnarrumt or, alter diligent ell'ori leils to rated the terror and utndisiunsoftltcwrreluutartt,lhrn cilh�npany thereafter. by asivat tt+atis to lite other,mayeanod ilsisConuadand Wy,:r dtaliberefunded thedcposit(sj, or (b) Tlse sawing mortgage described in Paragraph ll(c) abowhas(CIMCKONLY ONE): ;� o variable inteKat rale; err a tixtvl interestrate a4 °•o per annum. Attimorthtetmi;Nr somefixed iniewAtatesare subjedto tnaease if inQeased,therate shall not eco i --d - _ °a per annum Sellardiall,within days after Iilrediw Date, runtish astonnient Gum each rrwrtgagr o Amingprinapalbalanw.rrktltud ofpayit then rase and status of nicirtgaD!. if Boyer has agreed to assume arnartgap:W h requires approval of flu)vr by the martgitpx for ossunption, then iluy%r dealt pronpllyabtainthe ne-M-ary applle WWII and diligently witpMo and return dto Ilse mortgagee. Any mortgagee di arp9s) not to aaa eed S shall he paid by Buyer. I f iW%%,r is not aw.pled by mortgo gee or Ve a requ item mta for assunption are not in a�rdmttc aisle the terms ofshia Con4ad or rnangagec nasi rs a dur(gc in exoeasoFthesiatd anxtunl Seller or l7uyYr may rescnid thisContract hywritten notion to the other party unless eithercbtdsto pay thc increase to in [crest rate ar et aessmarlgaglre dtarges. ,.% TITLEI:VTDF.NCF.s At least days beforedosingdale,LutnneasL rosea _ days after'ellerreoeiwswritten notification that Buyer has obtained One loan comnuaent or boat approved for the loan assumption asprmided ut Paragropbs 1V(a) and (b),abow, or, ifapplituble,%vaicvd lie rumn- cing requirements. (HECK ONLY O�N,,Er.): l _1,/ Seller ,shall, at Seflur's etpemse, delnerto Duyvr or Buyer's attorney: or X Bu my shall at Duyr.Ys expense obtain, in aoaordanam midi Standard A. Y`f`� !" il(ffIX abauod 01'lilla: or X. stile inauranee wnonivacat (wiut kLt ble wpics or instrunaaits list d as exeprions)and. after dosing an ownreapoliey oftitle insitrane>:. VI, CI.0 ING DATF-Thistransadion shall he dosed and the dLed and otherdosingpopens dethrredon � jy@tvFy-{ fiCtyllL . unless madilid by other provisionsofthis Centrad, frau "Effective DaW' (See III) VI RI:STRIC.TI(Yi6; EASPNIEN'TS; LIMITATIONS:liuyerAt all take lidesuhjLdto: intrip rehon56v land use plans,mnin& re.stridions.itrohibilion s and other requiremenlsiaVused byg/awritmental aulharRy.redridionsand matters uppLar ingan the plat or olhLMise wmruon1001c Sub divsion;public utility easenirnts of record (easements are to he ladled wniiguousto Real Property lines and not Tito re than Irl feet in width as to [lie rear or front lines and 7 1 r 2 feu in width as to the side lines. unleati othemim dated herrin); loxes for year a f dosm g an d subsequwt years: assumed awrtgpges and p urdi on nwncy mortgaws, if any; (if ad ter rustlers, see Paragraph XV):Via Ailed. Aiatthere exists at dosingno violasiun arthe foregoing and non 0 ofth L M P re%=L% use arose Property for r4#d_right79f7Wtyy _ - Punpusigs). M OCX:>ISPANC:Y. Sella warrants that there ate no parties in otutpo nsyotherthat Bell dosing, the fan and terror thereof shall be stated heicin and thetwant(s)orocwpants disd Property at tinw ofdosingun less oth ermise stated herein. if ouLmp an ey j"a be delivered bola Ind [in itiyerCour tyll l'r°.mee1 Lista eauspancy. stall be rctponsible and liable for numtcnanx hotnthat dote, and shall be seen / takingoumpiniqunlcssothemisedated bacin. „A r n s's:t nn �v ; /I/ Lt(. TYFLF%RTI-1'ENORHANDWRTTrF.NPRC1V15IONS:Type^etriltrnarhanduritlrnpre orw%cootradinconflict with them X. RIDRRSt(CIIIiCK those riders which areapplicablc AND ore altathed to LbixCantrad) t' (a) F-1COASTAI,CONSTRUCTIONCCaiMkO1.I.INE (e) ❑ INSUI.. i - (b) E] CONIH]MMUM M ❑ ASIS ti,s (a) - FOREIGN INVRSTMEf� r IN Rr.Al- PR0PI.RTY TA.X ACT (B} o IIO"IF+ (d) ❑ VA/1711A 00 Lf RESIA til f _1 i T1ePnrl:r�nt ���L._:.L FAR1W.R4 Revised 1395 (C) 1994, Florida AsvooalionaFRealtora(R) P.O, liox72M Ot Th 1% Form is !igen sed for use by 1 S0 Me,11lister Pub lith 4 703.546.6355 XL A 1[;bIABILIfiY:.{C1BiC1: ON1.1' ONE}: Bawer may' nssilpt and thereby he icteased hum any furlhertisbilityunder ibisC'ontrod;, snayashpn bulnat be released from liabflay under thin Caatrast; of y'' :rwy nu!+ripe Itis Contras. \1L DIM3,13SURIKS: (%) Radon isa naturally' owirring radfoaslwe gas that when amnn elated in %build ng ins lbund i q uijaiica lily present heath rat info potion re regard am crarordedlo iinver time. IxvelS ofradart slat exs>o j I'cdcral and late guidelines haivScert Inund icer huildutgvin llnrida. elddilfnnalnrfiarmaliim regarding Radon or Radon testing mayboobtained fraroyuurCounty Pnhlicllcalthunit. (b)13uyer maybamedctcnrfmodthe htcrgveRidmrr ratingofthe rcaid4Tttial building Ifanyislocaaed on tire Real Property. (e) Ifthe Real Property includes pre»19711 residential housing then Para graph X (h) is man dafory, MIL RL4'iI1tF111y1REP.L1RC1fkS1S: Seller sliallnotbofe-Timsiblefor dhcpaytntntufwstsinexo:ssOf, (a)5 _H/Yl — fartrentnheritand repair undcrStandard 1) (ifblank, then 200 orate Purchase Piioa). (,b)S _ X/&_ for repair and replaColtrent Under%landard N(ifhlark.0len 3"aoldie Aardtase price). Xn,. SpFkjAt,0,A11SL'S: Ifodditionalspamisrequired. auadraddendum and CHECKBURP r j - FRIORTO.SICNIN(;, THIS FURNI IAS BEEN APPROVED R1 n W. FNOT 1R1bA A.S.St'!Ca 1TION FR 1i.TCIRS ND 171E 141A)RIDA AJAR. Approvv:dd rnorconnin,i-anopinion that wry.nrrheterms mil mndumnsinrhis(rintrrrxahouldbemnlpredby she purherinnpranurlorumisurron. Y'enns ndinnnsshorlr imedhnse4 on the respedrna:Intelvin.ahletmvrrsurdbwyr'anlnXpnslrronsnrollInterestedpr,innr.i ju 9C, _` 1- - (Date) { r r) Aertaet A. Flaoht ffl eY (Srllcrl lrat+le Sasatt a i T { Soda, Seaysrayar1'as [.ly. a _-. Chaii[Tttaltr SCC Social Souuity or Tar I.D. p � -7 1~ ' (seller) (BuNYr) William M. FI pier S 7 social Security os Tax 1. D,0 _gj,.gglly`-of-YIY{y��A� Snua45carityorTasl.11r Dcpasit under Paragraph 11 (a) received. IF 0 -MER 17IANC:IS[I.TILEN SLI 13YliCl" ftyCl.li,IRANCT. _ (Lrwow Apxht) BRl]I:IiR'S FEr; rbebrokers namedbelovv. including li iingmduroperatingbrokem arethe only brokersrntitledto o5mprnsation it, umucclion%ith Ihis Centrad: Nonle SA_ — - - — - — Livtinglkoker cooperating Brokers. irony STANItARDS VICYR iil?AI,&iTATETMNSACTIONS A. Evident, orrlL r:(I) An obslraecoftilleprepared or brou&eirrenl bya reputable and cx stingah4rad firm (i Coot exislingthan, u,TtificJ as ward by an existing rum) puspartirigto be an atw rote synopsis ofdlr 01WanLLnts affedin gl arc to the Real Prop crty recorded Ilia psi Mr e isusrds ofthe wu lnyrdlclein the Real Property islaaued LI,rouglt L(fesgve Date. It shall cunoncna %M 101a carlicstpulshercoords, a such later itate as "Y be anstorutry in the county: Ul"m dosing ofdris Centrad, the abstract sRnailhrupn cthe property oF)3uytir. subjedto die rigltto£reienuion ameofhy lirstnturtgsgcuntil folly'paid. (2) spicae insurance uahtanilment issued by al-lorida licensed tuleinsureragrec Hero issue Buyer, upon rewrdingaftle deed to Buyer. an owner's policy of Lille insurance inthc amount ofdhepurdlaseprim. insuringRuyer'sl'dlctnthe Real Progeny. subjed anlytn Liens, mannbranoos. in Ibis Contras and tho&ato bedisdiargd bySell 4r at or before dosing. Setter $hall wnvcyerurketabto talc subject onlyto liens,Lnwrnbranu-s. emxpttona or qualifttat- ionsprovidedmthiseantrad.l�larketablc talcdiallbedeterminedacianrdohgtoapphable•TitleStandardsadaptedbyauthorkyofIbeFlorida114 andmaanrd- ana:wilhlaw, liuy+ershallhavc30days, ifahsrrad,or5days,iftitlearrmrihr>nt,froindateal"re ivingevidma ol'titSrtaexaminct Iftltleisfounddefedivo, �sdfyingthedefed(s).[fdefes(a)rutderIhTvonrrurk.Kablc. Sellerivillhaw 30dayxfrom rcwiplor Fluyzrrltallvilhinldayxlhcrcager, nolifySellzruhwriting noto rerrovedie defects. flilingxhidh Buyer shall, within five (5) days aSercapiration ofthcthirty'(30)day'period. deliver untlmnotice in Seller thee t o: ( lY extendingthefinrc hu a reason able period not to,excleed 120 dayswithinwhichSeller %hallusedililFrite(Iarttoremove the defeas; or(2)repueoingarerundor deposit(s)paidwhidh shall brinandiolely returned to Buyp:r.IfIluyer railstoso noli�y Seller. Never shall be deenlad tobaveaucpted dierale as it dim is. Seller shall, iftulcisfound unmarkctoble, use diligent effort toourred deled(s)widhulthe Lillie ptovidtid dimefar. 1r5eller isunableto lunelywrredthe dak" BuNA-F shall either waivvUtcJcl'eds, or rewive a refund ordeposa(s), thereby releasing Buyer and Seller from all further obligaaionl under thisCiintlael. R Purchase 11Foney, Me ripge: Srmdly Agreenrridto Seller: Apurchasa money mortgage and ro ripgnote to 5cller .Mall provide lir a ail -day gran: period in Ute event ofderauh ifa first rrnottgag and a li,daygraeeperiod if a uorrnd or ler .r manghg:; shall provide for riEhl e1'picpaymcnl in +vhole or up plan. without pmahy, shall tirrnta aaarleration in evert oftranafer ofthe Real Property; shall requue all prior liens and enunmbranceslo he kept m fyod Nand ngand forbid modifications afar future advanou, under prior morlppgc(s}:shall rcquirc Brayer to nmintain politics of nsuralto wulahaingn tantdord mortgage dauscooiVVng ail improvements locsled on die Rcal Property against fire and all perils in ludedviidririthiatern, '"ended evivzTapaandorunrmis" and sudi other ciski and per}Isar Ssllcr may rrasvnalile require. in an amount equal to their hidicsi uisurable value and die mortgage. note and sewrityagrecm-int shall he ethcrwise iia form and rsinitrntrequired by seller; but Sctltt ni:yon[yrequircdaus sand .xY oaga u _gomarily found m maripgas,nxrapwnines andReYlnrhty' ager'+ -morale @enttallyutiliadbvsavingsmid Lam isiatitutionsorctatcarnationalbanks locntedinthemuntywhercinthe. Real Property islowted. Alt Personal Property and lca being conveyed or assigned will, atSalleemoption, be subject to the limofa scwrilyapeanientevidencedbyrcwrdcdfmatvingstateTiivnts,Ifaballoon mortgage. the imalpaymrnt will taxed t1r poriodic payrtantsthcroon. C Salvo vBuyui. at Buyer's eRP onse, within firricallouedto del krat 04idennrofLille and to exa111nte. sante. imiy'1taiY'tic e Reat Prop arty ahfrieyed arn6mnified by n regi'llered Florida survoyw. irthe sarwydiseloResencraachmtntb on the Real ProprrtyUr Lal atinprUi`<TI%nab 19Wledtherekhn mcriaadt allse4lhad; lines, ow- n Ian da a rothera or violate an y restriction s. Con Uad aovrn ants o r app I icaltle goveor mcontal rego ration. th a same sh all wn:4aute a tale d cled. D. Toranitteat Buyer. at Buyer's expense, within late lime allm%adto deliver evident' tof0to. only n sey' a haw the Property in bI'londa Cert lfled Ped Control e ternrtchhfeslatian or visfblcdarnag framtemtite hnfrali inn in the Propene. Ifeilhsr or both are [7pexator ("4pcmtor")mdelermineirilicre isarlyvisi6le activ found. BuNrc r shall have 4 d ays from date of m iKen n oticeth rreo iwith ar wll idn tri have dost ofticatllrrn t, If required. estimated b w c1 e I yp ermlor and all it a male ar- spedcd and eslinuted by a licensed builder or general wntradvr. Seller shall pay vxlgd costs erucatnicol cold repair oral) danuge up le, the amount provided err Paragraph XIII(a). if -stiniatedwsts exu edthat amount. Burxr sba1I havidie option orconvoiingdtisContradvyidiin 5 daysalter rc,uiptur wntravtors repair atiniate by givingwrillm notiszto Seller or f u)w nuyeled to prop ed with die transaction.. and reaai.ve a credit at dosingon die arnount proiided in Paragraph M I(a). 17'ermitoe soh all b e da -mad to include all wtiod cicdroyin g organ iii s required to he reported under dao Florida fest Control Ad. as moaided. Ii Ingmalamd EtVssa:Seller w'arrantsand represents, that there is ingress and egressto Die Real PrapcAysulPnaent rot" inlcxldcd use as described as Paragraph VIl hcreo4 tilleto whidh is in aveordance with Standard A. r•.l cams: Seller shall, notleasdhan 15 days before dosing. £umirh to BuycT copies ofall wTillm lea.es and estoppel ltl%M from ead%(Client .y+eeiryinglhe nature and duration of tetenant'aauupansy,rentalfaces,advancedrentandsecurapdepositspaidbylmant.lfScilerisunabletoobtainsuchltier from each tenant, the banxinformationshall befumisnedbySeller InBuyer %kithinthat Lima rictiodindie formuresci r'safdavit,andBuyerrnayihereathrwntadlTnaintsin wnfimnmidh information. Seller shall, at dosing, deliver and assign all orignal le-mas to [layer, G. llestt: Seiler di all fum iah to Buyer at tune of dosin g an affidavit allestin gto die ahamte, unless otherwiso provid ed I'or herein, of an y lion an ring stalern nt_ daises of lien or potential limors knstwn to Seller and further aitesiLllgthal there have been no innprovements or repairs to the Real Property far 90 days: inured. iatelyprotest in&date ofelosing Ifthe Real Propertylimbeen impT0%v'4or1cp414cdwiihin that lima, Seller shall Jcliver rcleasesor wa vtws or uutstruafan irons escunted by all general wntradon, subwolradora. suppliers and nyrterialmm ill ad.dition to Scllei s lien affidavit seltingrorth tie names of allsuch Swerat tohn- tradors, subwntrauaro,suppliers and ttellcrialmen, hinheraffirnvngthNall cnarg:slor iniprovenlrlitsor repairswhida could servc as a basis for a waiatudion lien or a daimfor danraiges have: beat paid or will he paid at the dosingofOvis Conuad. M plan, or Cloaing: Clop mg 5 hall beheld in the county wherein the Real Properly is located lithe otfree afahelutomcy or nthcr dosing agml designated by Scllcr. Fr1RiBAR^4 Revised 12+95 (C) 1994. Florida AasodatianoFRoahon(ltq P.O, 11ox725025 Orlando, Florida 32SI2.M All RidttsReacniad Papa 2 of3 7b is farm is lieetancd for use by ISCI-McAllister Publishing 303-546,6355 LTlnr:bleannputingtirisepesiudsaftessUiansix (6)days,Saturdays, Sundaysandstaleornationallegolholidaysshellbeexdudcd. Anytimeperiodsprovided far herein w711dn 911011 and on a Situtdsy, Sunday, or a legal holiday alsoll crland w im p.nn orthe nexthuriness day. Thee is efdre eawenua in this Contract - 1 Dootmento farClostng.Seller strati fumishhhedeed, bill ofsale, construction lien affidavit, "Tier'spossessien 91111 mmighnnnts oflcases,trnantand mar- lyfgeoestoppel letters and corrective instruments. Buyer shall fumisli clgaingatatenlent, ntartppgc, nraatpplia nolo, soaurhY agreanledl and fulanicin g almlements. K Rapenses:Dowmdslarystatopsondie deed And recordurgofcvrrediveinstrunrnns shall be paid bySeller. Dowtnhentory sianpsand intangible laxna the pur- Kheat money mortgAge and any mortgage assumed, said recardingofpurdrasonlancy rtrurtgageto Seller, deed and furan ingatalernentsdhollbe paid bythe I:uymr. Unless otherwise provided by lower rider to this Centrad. charges fortlro followingreleled title services, namelylitlo orobstrad charge, lute txm imm'ton, and "Scroaht and doting fee, sli 011 be paid by the panty ieapon Bible far rumidr hs gthe i ice evidence, 41 accordance with Paragraph V. L PsarationslClcdlq:Taxes, assessments, Feet, interest, insurance mid otheretghenit,' ofthe Propertysliallbe prorated UhrougJithe day before dosing Buyer sh A ll h aw'e the option oftaldn g over, r;isitn gp olid es of in su run ce, if swirl sit b Ic, 61 win idh evdsl p r encu nis shall be pro rattd. Cash at domin g di al I be hr ore awed or dc - created c•creased isrtayborequired bypror tions to beruade IJirouds dayptior toclosing or oconpancytfnoahpahcyuoulrs befure dosing Advance rent and occorhydep- ositswill be otedited to Buyee. Escrowdeposits held by roarlgagec hill be ercdhed to Seller. •foxes shall be prorated based on Ufeanrent ycor's taxulth due allow- moc inada for maxinsum allowable distuun% homestead and other cxenptions. Ifdosing occurs of A data when the WFIC111 yew's millspp it not fixed and current year'aasscssmeFitis availabIt, tarns wilt beproraled based upon suds assessolent and prior year's ndiimgc. If Current year's assessrnrnt isnot available, then taxes vvillbeproratedoil prior yesi'ssnx. IfhhereareaonpteiedimprowenFTntsartOleReatPropeftybyJanuary[itofyearofdosingvhhidl mprovenSCrttswvetenot hi ehGsten coon January ld of pfloryt or. Then tee sea 1111611 be pr or ated based upon p6oryenr'sndllage old 'ton equitahlemmtswrnent to be agreed upon brtweendlo parties, rail ingwilidn, requeltalsalibe mod ato the C"iltyPropedy Appraiser fur art infornc1lassessinenlIAkingInto account available exonption I. Atexprora- tion based an anestimstedlIll. at request ofeithor party, be readjusted upon rewiptoftit xbiit oil condition shat a stalenteolto that co athmigned at dosing ht SpedalAnessmentL.lrnaXertiGed, mnfirnxd andretifsed specisI issessnurht;ion sas ofdate nfdosiug(not is cffiQcoivtDate) are to be paid by Seller. Poseina.lions aserdsleofdosbigsiisit be assumed byBuycr. lithe improvencntbasbees :ubdantiallyrosrpSrcS a:afEOcGivs Date. anypmdingIian shalIba considered outified, con ftsued orratified and Seller slim It, atdosutg bad largest Lit Amon Iegtiallodie lasiedisnaleorassessnlrnlfbfthe in4irovemcritbythe pubilebody. N. Inspection, Repalrrwd biabatansire:Scller warantsth at, ms of Iodayspilaf to dosing. Ute cc ithsg roof(in dud bh gthermsdo and so 11(s) codcrior slid h- teriorwilla, foundation, semwaalls (or equivalent) end doafsmgo do not ha" any VisibIt Evidence afleske, water damagtaI structural donunge and that the septic bualc,p a al, at I app I imicu, niechanical Roars, It eat in& wolingelecurical,il Ill lobings5stents mid Fluids in Mara in Working CosdRion. Ilit forego big werrmty all all beIunited to the itcnuspeciftcd unless otherwise provided in mad deridurri Buyer 1113y, at Bnyer'serllensc, have inspediona »udeofdlase itennbya fimsor ind- ividual special itingin ]tome inspedions and hold ingan ormpation &I liccnso foroudi purpose (irrequired) orb yan appropriately licensed Florida conliador, puyerahall, prior to Myer'a owlparicy or not less than Sod syzpriorto dosing whidievcrocusrs first, report in writingio Stater such dorm tit at do not meet the above standards situ defeds. Ualeas Bu}Cr timelyreportsiudi defeds, Huyersliallbcdeeuud to leave waived Seller's warranties nista defedsnot reponed. Irra- psirsor repl mnientearerequredla tnr1, IywidiNi S^tond:rd.Solter shall cuss thcnnto be aside and F&II pay up to Ute mloulintpnoviJeJ in Pahagrapin iiili(b), Sellcris not requiredto snake repaha or replaoenualsare comndionature unless caused byadefed Seller is responsiblcto repairer rrp1aco. Ifthe cost far muds repairorrep lsoennentexceeds the arnountprovidrdin ParagmphYlll(b). I3uyYrorSeller nwyeladbapayaudiexcess, foilingwllids thfifrparty111AyranCelthi9 Centrad-. IFSellerisunahleta coned the defedspriorto dosing the aostthereafshol)bepsid into sacrowat dosing Seller shall upon reasonable notice, ploride utilities mervim andsoeas to the Propertyfor inspections, hsdudingawalk3hraupjr prior to dosing to cortkrtntlal all ttenss of Personal Propalyare on the Real proptAyand, subjedtatlhe forcgeing,that ail required repairs endreplaaeirmi sbavebecn madeslnd thattheProperty, bnduding,butnotlinsitcdto, Iawu, shrub- bery mad pool, ifany,lhsalicen maintained'bithccunditioa etdstingas ofERe Live Date, oadbharywenr and tsar cxFapled, O. RlskorLan:lfthe Propertyiscismaged byfsre or other asuohy beforedollogmsd mat ufrestoradan daesnot exceed 3% ofibe Aeceared vAlltslicn orthn Properlyso damaged, costofrcituration slrallbean obligation oftic Seller and dosingshall proceed pursusttiotheterma ofthii Contradwith reatontion costs escrowed at dosing Ifthe easier restoration exceeds 3%ard%c assessed valuation orlhepropertyso damaged. Buycrahallhsve the option ofeitber tailing the propenyssis, togeiherlvitls eitherthe3%Firmly insurance proceeds payable byvirtueofsucr lose ordaringe,orofcanaelingthis Contract and receivingreturn oftha deposh(s), P. pserreds of5ales fdaslne Piocedusr:7he deed shaliberecorded upon dcuanocoffirnds. Ifan aboradortitlahas been furnislioC evidence oftitledial' be continued at Buyer's expenacto dnowfitlt in Buyer, withoutanyrnonmbrmcealis dhurgewhidh would render Seller's title unnlarknsbleGamthe dsteofthe Inst evidence. All dosingprooccdaaha'1 beheld in escrow by Seller's auomeyor other ttnttuallysohaptable escrow agentCor a period ofnol trnarc than 3 days alter dos- ing dale, if&eller'i title is rendered unmarketable, throultt no fault. of Buyer, fluyxr shall, widhin the _5-d Ayperiad, nolil`�Scller in writingofthe defect slid Seller shay have 30days Gomdaleof receipt ufsudi notthcationtoture Ole defect. 1fSellerfails to timelyclire the defc�t,all deposits) and dostngfunds dtall, upon waster denhand by Myer and within Sdays after demand, be returned to rluya and. simultaneously with audi repayincirs, Buyer shall return die Personal Fruit - city, vacate the Real Property and remnvey the Property(i) Seller by syhedal warranlydeed mod bill of sale, if Buyer fells to make tinielydemand for refund. Buyer 01 all take title as it,wmitNgaflrgjrtaagainstSellersiloawryintUlclhtgdefectexceptIsmaybeaVailmbletoBayerbyvirtueofwarranties contained in the deed or bill ofiele. Ifapastion ofilhe purdhsic prive is it bederivcd hour institutional hnanursgorrefusnncing requirenxnts orate lardingbiahtlutivrh aslo place, Iinw ofday and procedures for dosbhg and for disbursanent ufnlortgage pramcdsshall control over cantrarypravision in this Contract. Seller shall have Use 741 to require komdie l ndinginstilution a writters oana sitmcnttllat d will riot withhold disbursementofnwdgage proceeds as a resultof my title defect Attributable to Buycl-snodgagor. 'she escrow aid doaingprocedure required by tin is Standard shall he waived if dretil'e agent insurer adverse inatiers pursuant to Section 677.7&71, ES., asaFocus ded. Q. Pacrow:Any ea row egettl("Agent") receiving funds or equivalent it mudsorized and agrees byscoptancearOsernto deposit them promptly, hold tonic in estrowand,subjedtodearmia:,disbursethembsacmrdanoswith term and conditions ortilisCanlrad. FAilureoffimdslodeArslha'InolexnrseBnycr'apetfa(- mance. Kin doubt situ Agent's duties or liahllitics underlie prowisiuns ofthis Conrad, Agent easy, at Ageul'soplian, coultnae to hold the subject mallet afthe escrow until the partial hereto egret to its 619burenicrit ar until a judgehncnt of$' court ofeentrrdent jurtadldiun shall ddernhine the ri its ofthe pmnics, or A®rattnuy depamit almowith the dark ofibe circuit court hovingjurisdidion ofthe dispute. Upon notifying all pe.rties concerned ofsudt action, all liability oto Ile part ofAgmtdnallfillyterrrunDie, except to the e4cruoCa000untingrorany rtentspreviouslydeliveredout ofcicrow.Ifelicruwdreal estate broker, Agaltwill currplywith provisionsorcliapler 473, F.S., aasmmded, Anysuit between Buyer And Seller wwherc n Agent is suede a party because ofadingasAgent hereundes, of in any inshWictchAgent bnterpieadsthe aubjedroad" oftheescrow, Agent aliall recover reasonable attorneys fees wid costs incurred with theso arnountoto bepaid koro and out ofthe escrowed fundi or equivalent and charged And Awarded as Court costs in favor ofthe prevailing party. 7heAgent thoilriot be Ilmbleto anypotlyor person for misdelivery to BuyFrofSeller ofitems subjedlothe escrow, antras Audi nusdc'iveFy is due to willful btomda afdheprovisiuns oftitis Can• iraol or gars n egligssar of A&ML R.Atiomey'sFees; (llaiatinAny litigration, indudingbraads,m1laccnxntorinterpretation, arising out ofllhisContract, the prevAilhrgpadybnsuch lltipptlon, wliids, for purposes ofthis Standard, shall include Seller, Buyer And anybiokers ad.ing Ira mgmeyor nonagency relotionshipi authorized by Chapter 415. F.S., as amended, shall bee thitd to recover from thanan3urevaiMgpartyrtssannlsle sltorncy's fees, costs and experiscA. S, Falltus of Festoloraunoei lr Buyer fails to perform shim Contract within Che bale specified„ indudhogpaylociet ofall deposits, the deprok(s) paid by Myer and depoeig3)agreedto be paid, maybe recovered end retained by and for Ile account ofScller as agreed upon liquidated dermgoo,consideration farthe execution of thisCarltrad and in fisllscule hent orallydohnns; wlertnpon, Buyer and Seller rlall berelieved Grail obligations under tit isContrad; or Seller, at Settees option, Fray proceed in cquityto enforce Seller's riSrts under Otis Contract. ]flat any reason odref than failure ofScller to nuke Seller's tale nurkerubleafer diligent elfo;% Seller fall9,neg'eds or refuses toperfotm Otis Contract, the Buyer lnayseek specirheperfanrunce or elcd to rcwi%,o the return of Buyer's deposit(s) with a u t tilaeby wa ivin g on y action fa r d Anlages result in g Goin Selites bread i. T, Contract not He ill persons Boundt Nod e: Neithar ill isCon sradnar myna lice afit slsaII be raoardcd in An y p ubl ic record I. This Contract Ili all bind and inure to thebest e&toftha partiesark d Ill air auooessorsin uttered. %kliesaver di a oil it tell IFemuts, singular sha!Iinduda pill rat and artegender air &II indud a ill. Noliwgiven by or totha@uorneyror anypaFly Its a11beaaeQedNO asifOvan by or to UtatPat ty. U. CbrsveyancetSol let all all conveyINa to OFaRaaI PF op arty by statutory we Fretsty, Iniate I, peroonat rep resentalIve'a or Iia andiaR sdeed, at Opp topriate tolha status a f Sol ler, subject on I to mau cis conte in ed in Pere graph V I I an it OF ose Odicrvi3c mcccpled by lluyer. Person at PropeHy sh AS 1, at th e request of t h a Pit yet, IF e ironsferred byan absolute bill ofsalawith wares lly oflitte,suhjtd ark lyIasuds inatlas as nswybeadieMAC provided for herein. V. ()iherAgreerr anls:No prior a present agrcenienu or represent ation a Ali all babi ndingupan Buyer or Seller on less indud ed in Uric Contra d. No nimadikcntion to arctanIt: in this Centrad shall be valid orbi nd'utgupan 01cpsFlits unIars to vwhingend exentled IFydie pany or partiestntell dcd to be bound by it. W, Wai ranty:Seller wartknuthetdiere ase no fads )Me" to Seller materIoily alrcdingOle valucaftlhe Pfopeny whids are not readily ob&evablc by Buyer or wbidi havenotbeen disclosed to Buyer. 71to Florida Amodstfon ofRealtoro and local BoardlAssegalion oFReAltorsmmkc no represitistAlion as to the legal validilyor adequacy of anypravialon orthir lasso In my specific transaction. Ibisstandardimd farnshould not be used in usimplex truisadioasor wvith extensive riders or additions. 'iiia form is available Inc use by the entire reef estate industry and is not intended to identify die user as a REALTOR(R). REALTOR(R)itaregistered wllcdivomurhbesshtpnnarkdhalmaybeused onlybyteelestate literates wilearcnlenhbcrs ofthe National Association of REALTORS(R) andwbo subscribe to its Codeol-rdlim. iecopyridntlaws ofthe United States (17U.S. Code) forbid the unauthorized reproduction o Bb' ask forms by un y mcens including foosimile or warp uterimil rc rows. FAiUBAJt 4 IV95 Gopyrign 1993, Florida Amodotinn ofResliors(R) P.(y, 13ax723tyi3 Orlando, Florida 32M -5W$ All RiANU Iteserved Page of 3 This form is licensed far use bylSU•hicAllhtar Pliblislliog 301-54"353 DM©'M401-Q5 :31f3 DMO qday m O I LJ o O a c O cll 0 0 Lo Li 0 Q K) M V)f/! Q1 Q Q)` ❑ Q y L QU Z C7 1L m at p o t� Z Z Q —�° CCO o N D w ry Q Q 0 to 1 La CD3t/? I 11''I .7 .R..7G7.LJ dJ i Ui '�'`� N p = O aur? 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