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1999-297
40 f /1 J THIS FORM HAS BEEN APPROVED BY THE U FLORIDA ASSOCIATION OF REALTORS® AND THE FLORIDA BAR. Contract for Sale and Purchase 9 y, Z2 V FLORIDA ASSOCIATION OF REALTORS® AND THE FLORIDA BAR It PARTIES:_ "ishard s. s .Tan. •, a of Ra 2 of 42se 5th Street sw.,�pro_uoach.,.-£lurid 32 `6fl*Q Q«ire r (Phone) ("Buyer"), '3 and Indian lye o+nyy,��.alitical..Sutuiil!"inn 4 of •1840 4960« __, (Phone) 611567-8000 , ith�xrellt, ..Yore Doach, . s'loride�. ) —LS - 5 hereby agree that Seller shall sell and Buyer shall buy the following described real property and personal property (collectively 6 "Property") pursuant to the terms and conditions of this Contract for Sale and Purchase and any riders and addenda ("Contract"): 7 1. DESCRIPTION: '8 (a) Legal description of the Real Property located in __)Cndian River County, E10rida County, Florida: 9 Attached a.ereto and made a part_ haraof, - 10 '11 (b) Street address, city, zip, of the Property is: _-4290 5 ~ Streat Cl 5th street 9w givht-of-way. '12 (c)PersonalProperty: Nci� 22-33-30-0001-0050_n0nn1 0 13 501x 233.61 parcel csn_tBining 11,680 sauara feat or n 268 &area 14 •''.� my pp -Vail 15 II. PURCHASE PRICE--. eS .�........= ........... 0,940.00 16 PAYMENT: '17 (a) Deposit held In escrow by (Escrow '18 Agent) In the amount of.................................................................................................................................................5 -0- '19 (b)Additional escrow deposit to be made to Escrow Agent within days after Effective Date (see '20 Paragraph III) in the amount of......................................................................................................................................5 '21 (c) Subject to AND assumption of existing mortgage in good standing in favor of 22 _.. having an approximate present principal balance of...................i -0- '23 (d) New mortgage financing with a Lender (sou, Paragraph IV) In the amount of.................................................i -0- '24 (e) Purchase money mortgage and note to Seller (see rider for terms) in the amount of..................................5 -0- 125 0'25 (f) Other: — S -0- 26 (g) Balance to close by U.S. cash or LOCALLY DRAWN cashier's or official bank check($), subject '27 to adjustments or prorations............................ ........................................ ..................................................................... 5_-0-M-9 (I__ 28 III. TIME FOR ACCEPTANCE OF OFFER; EFFECTIVE DATE; FACSIMILE: If this offer is not executed by and delivered to all parties 129 OR FACT OF EXECUTION communlcoted In writing between the parties on or before .... ..J5_Gpyi___ the deposlt(s) 30 will, at Buyer's option, be returned and Ihls offer wimarawo For purposes of delivery or notice of execution, parties Include Buyer 31 and Seller or each of the respective brokers or attorneys Tho date of Contract ("Effective Date") will be the date when the last 32 one of the Buyer and Seller has signed this offer A facsimile copy of this Contract and any signatures hereon shall be considered 33 for all purposes as on original. 34 IV. FINANCING: 135 N (a)This is a cash transaction with no conbngercies for financing; 136 ❑(b)This Contract Is conditioned on Buyer obtaining a written loan commitment within _ days after Effective Data for '37 (CHECK ONLY ONE): Fla fixed; ❑ an adjustable; or ❑ a bxed or adjustable rate loan in the principal arnount of 138 S , at an Initial interest rate not to exceed ___ S. , discount and origination fees not to exceed ,____'f, '39 of principal amount, and for a terra of _._ .._ years Buyer will make app'ication within —days (5 days if left blank) after 40 Effective Date and use reasonable diligence to cbtain a loan commitment and, thereafter, to satisfy terms arid conditions or 41 the commitment and close the loan. Buyer shall pay all loan expenses. If Buyer fail; to obtain a commitment or fails to waive 42 Buyer's rights under this subparagraph within the time for obtaining a commitment or, after diligent effort, fails to meet the 43 terms and conditions of the commitment by the closing date, then either party thereafter, by written notice to the other, (nay 44 cancel this Contract and Buyer shall be refunded the depcsit(s); or 145 ❑ (c) The existing mortgage, described in Paragraph II(c) above, has: ❑ a variable interest fate; or ❑ a fixed Interest rate of '40 ___ % per annum. Al time of title transfer, sortie Wed interest rates are subject to increase. if increased, the fate shall riot '47 exceed ---'fa per ennurn. Seller shall furnish a statement from each mortgagee stating the principal balance, method of 40 payment, Interest rale end status of mortgage or authorize Buyer or Closing Agent to obtain the same. If Buyer has agreed to 49 assume a mortgage which requires approval of buyer by the mortgagee for assumption, then Buyer shall promptly obtain the 50 necessary application and diligently complete and return it to the mortgagee. Any mortgagee charge(s), not to exceed 151 $ (I% of amount assumed If lull blank), shall be paid by Buyer. if Buyer Is not accepted by mortgagee or 52 the requirements for assumption are not In accordance with the terms of this Contract or mortgages snakes a charge in 53 excess of the staled amount, Seller or Buyer may rescind this Centrad by written notice to the other party unless either 54 elects to pay the Increase in Interest rate or excess mortgage charges. '55 V. TITLE EVIDENCE:At least ,__.__, days before closing date, (CHECK ONLY ONE): ❑ Seller shall, at Sellers expense, deliver '50 to Buyer or Buyers attorney; or x Buyer shall at Buyer's expense obtain (CHECK ONLY ONE): C.] abstract of title; or X title 57 insurance commitment (with legible copies of mslroments listed :,-, exceptions atta:hed thereto) and, after closing, an owner's 58 policy of title Insurance. '59 VI. CLOSING DATE:This transaction shall be closed and the closing documents delivered on _ .Qrja"Qx i_30 days- . 60 unless modified by other provisions of this Cunuact 61 VII. RL'STRICTIONS; EASEMENTS; LIMITATIONS: Buyer shall take title subject to: comprehensive land use plans, zoning, 62 restrictions, prohibitions and other requirements imposed by governmental authority; restrictions and matters appearing on the 63 plat or otherwise cornrnon to the subdivision; outstanding oil, gas and mineral rights of record without right of entry; public utility 64 easements of record (easements are to be located contiguous to real property lines and not snore than 10 feel In width as to the 65 rear or front lines and 7 12 Idiot in width as to the side line,, unless otherwise stated horeln); taxes for your of closing and 68 subsequent years; assumed mortgages and purchase money mortgages, if any (if additional Items, see addendum); provided, 07 that there exists ut closing no violation of the Iorouuu,0 and sono prevent use of the Properly for ____1lrsad..Hig t=nS�1a�r _ 68 _ purpose(s). from effectitre date (see I O 69 VIII.000UPANCY: Sollor warrants that there are no parties in occupancy other than Seller; but if Property Is Intended to be rented 70 or occupied beyond closing, the fact and terms thereof and the tenant(s) or occupants shall be disclosed pursuant to Standard 71 F. Seller shall deliver occupancy of property to Buyer at time of closing unless otherwise stated herein. If occupant' is to be 72 delivered before closing, Buyer assumes all risks of loss to Property from date of occupancy, shall be responsible and liable for 73 maintenance from that date, and shall be deemed to have accepted Property in its existing condition as of time of taking 74 occupancy unless othervlsa stated heroin. 75 IX, TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions, riders and addenda shall control all 76 printed provisions of this Contract in conflict with there. 77 X. RIDERS: (CHECK those riders which are applicable AND are attached to this Contract): '78 ❑ COMPREHENSIVE RIDER II HOMEOWNERS'ASSN. C7 COASTAL CONSTRUCTION CONTROL LINE '79 ❑ CONDOMINIUM I-1 "AS IS" ❑ INSULATION '80 ❑ VA/FHA ❑ LEAD-BASED PAINT ❑ '81 XI. ASSIGNABILITY: (CHECK ONLY ONE): Buyer ❑ may assign and thereby be released from any further liability under this '82 Contract; ❑ may assign but not be released from liability under this Contract; or N may not assign this Contract. Buyer ( 1 ( 1 and Seller ( _) 1__._..._._._I acknowledge rocelpt of a copy of this pogo, FARIaAR•e Rev.6196 RIDC RS CAN 0C OaTAINLD I ROM IIIL ILUIi ILIA ASSOCIAT; 011 CF Fir ALT01180 Oil 7Fit3 FLORIDA OAR This form Is licensed for use with Furn,ulus.—" fuiln .`.)ultwo- by I;7C rdcAlrretw Publluhlnp. Inc. 1300.330.1027 13 XII. DISCLOSURES: '4 (a) Radon Is a naturally occurring radioactive gas that when accumulated In a building In sufficient quantities may present 5 health risks to persona who are exposed toll over time, Levels or radon that exceed federal and otate guidelines have boon 8 found in buildings in Florida, Additional information regarding Radon or Radon testing may be obtained from your County 67 Public Health unit. 88 (b) Buyer acknowledges receipt of the Florida Building Energy-Efficlancy Rating System Brochure, 89 (c) it the real property Includes pre -1978 residential housing then a load -based point rider Is mandatory, 90 (d) If Seller Is a 'Yorolgn person" as defined by the Foreign Investment In Real Property Tax Act, the parties shall comply with 91, the�AcL 92 (a)Buyerwill be obligated to be a member of a homeowners' association, BUYER SHOULD NOTEXECOTE THIS CONTRACT 93 UNTIL BUYER HAS RECEIVED AND READ THE HOtIEOWNERS'ASSOCIATIONDiSCLOSURE, 94 Xiil. MAXIMUM REPAIR COSTS: Seller shall not be responsible for payments In excess of: 95 (B) 5. _ tzln for treatment and repair under Standard 0 (if blank, then 214 of the Purchase Price), 98 (b) S ____NLA_ tar?opair and replacement under Standard N (if blank, then 3% of the Purchase Price), `97 XIV. SPECIAL CLAUSES; ADDENDA: It additional torms aro to be provided, attach addendum and CHECK HERE ©, 98 XV. STANDARDS FOR REAL ESTATE TRANSACTIONS: Standards A through W on the reverse side or attached are incorporated 99 as a part of this contract. too Till$ IS INTENDED TO BE A LEGALLY BINDING CONTRACT, IF NOT FULLY UNOC, STOOD. SEEK T1iE ADVICE OF 101 AN ATTORNEY PRIOR TO SIGNING. 102 THIS FORM HAS BEEN APPROVED BY THE FLOR IDA ASSOCIATION OF REALTORSIg, AND THE FLORIDA BAR. 103 Approval dose not conaHfufo an opinion oral any of the fauns and conditions In fhI3 Contract should be accepted 104 b ;trio paroles In a particular transaction. Terms and conditions should be negotiated betted upon the 105 respooUvo Interests, objectives and bargaining positions of all intoresled persona, 1994 BY THE FLORIDA BARANO Tt iB FL ''DA ASS C tATtON OF t C3I 3}r t08 C P 'illi r W •' �...._... ) � �,.�... "t _ wileO ,annebh V..VAcht (Dale) (30"r) Ricolaed S. Pilo (Deis) 130ard o County Ccrmmissionrrs � }` �+i'". i '108 Sao�rltor6. d r Soet1 Security orTa41.D. b _- '111 (Buyor) Ronald Cailah:sn B.11.A, (Date) (01,00 Janice A. Pike, (Data) Right-of—Way Agent •112 Social Security or Tex 1.0. ..,...... SocVat Security of Tac 1.13 9 _ + 113 Deposit under Paragraph It (a) received; IF oriili'R THAN CASH, Til0i SUBJECT 10 CLEARANCE, 114 (E-4c(owAcnt) 115 BROWTS FEE: Ttia brokers named testi, :rfci d1,ng h lirig and cooperal=rro brokers, are the only t:takara entitled to ftp oomponsataonlrt conrvactlonwltR4 trigs Contract; "117 Noma: , . Ila Cooperating Brokers, If any Listing Broiler 119 STANDARDS f'r IAC =L ESTATE TPA!tW N045 110 A. EVIUlucis Of TtTLsitsi k43d.4St.,"r% t13;:a, r r .:` 1 s r ant of 4 ft iaa , ase Wstf... 4Lttra,l nary tri not #44*1140 sae+n 191C4fnnod as cerrooi Dy an sa141 o tnni) pwiP+rtt na i, ';p 4y aa�++%°a or ml a+,4 Rea:-yrt t Wll_nw flint to 16* toll pfGpirly fevord#d in 192 tha v4bia Iocords of in# toonty wtitf#£n the f#4I «+:._ . i t ivygP, ri4i'li'a DVI it a ,a f Ee ...t .a wiln tri* #40444 FQ1,4 fecofd*, 172 ti such tptar 0416 64 may Fla c9)41dmlify in ins �.{�^ , t c f.,;,;.ff4:f, If'# 4.41,,,, 4^ 14 ,i? t<§",4 tots piop4dy of auto(, subject IY 124 11,1 none of ratontion Ihtisot a'r 11141 mwnl *;tea attiad of s yt-,fide [ialn4ad t<3ts tnsufar 474 agfooing to flow# Buy#i, upon 14two,tg 0 fife doss �,f tits i,a .,� if,,# 4--t of Ina Pu104t# price, ihsvimg 126 awytr's int* to the fast plop#riy, rut!*a1 onto t=s x „gi i .f 11111 11.$0 14 pic,44d In iffl* Contract sad teas# 10 be 177 414#hsryod by $#flet at of Louis clo*n'g Sett*; 4= r>, x *. encs=>=r4„--d4, t,c4vttan# of qulnncow-s 118 ptood6d.fn 1616 Contract, mark4taoit anis 4nan to '--. ,. !., 4g.p c r_=4 i+i+t .a ,,f*rd# *a;ptslf 41 sa.tholoy of The Pidiida air I" End kr e#twrd4ng# .410, is. aLy*r styli I,— .r �. r-�e a a;z4r_;a of t , v to 4-1-11n.fi na 4 it at is meters gat#�„t.vA, auyar 19a if$ within sold $ days zQllfr 4."., in . 440,ig s: _�. nt 3afadltal ran>ar IM.sae.4r+s:a�'s, £a11sr win navy 3a day Ir#'n 111 1Utipt Fit notice to ltmdve Ino d*t#btp 141 .it mr. t51 ol"* Alt#t alt:+#ti& et Ira 0,41# 00) day psri4e, dajiti.f wnnsr, 112 notice to Coda e1thaf,.(1) eseandbig trio vr,'t tura +c _ _I I. as4•t4d 1^,d a4ya an wl .,,a.a S."ar at3sf Via ah8gont #hart 40 11) rorno't4 tris dsf#$ls: or 12) 141ii0t1ng 4 ftfvrid of Caput- "'Il be aetai*lg f4iarr.*a to Dyrsr 1f niursf fail# to sd notify b#116 t, 414 eviler *hall lot d44m0o le hors 4dcapt#d tri# IW4 4§ >i a It One it Tgua.S v., ttxia.4 . # ea* drfiga+id xttof£ 4r. gorfadt deradl{a) 1)5 within tale IRn# promtd therefor it heater to wns =x �6latt 4, aotor the r a,Mot .4:_ th4 404041 Of 1#444* a tal ind of Ulf dopotit(*), Ib#utby Westing Built end E#air riga,= a-. - t'I'der ibis C riAft'o it t,rdar,ss of #iota 44 I0sted to Buyer let$ thin 11T 4 414ya pica! to clotirtp, auyar inky t4ttn4 efJ4 „w 0u_ x_ _ , ee s < rr.s sly 0 3Y 4,41,s I'zim d4lsur r—lo aJ eo W.oc4 oT Ifns to g4 Brian# 178 #am# In accordance with th.Is Bland#rd. 130 a,PURCfi 16 hiONEY NORTOAOBt $1ICURITY AIJIf _ :.4T TO 7E"z ,_'. ,:: A arty moT1124g4 4nd 1,011g4•g4 Act# to ,eller snail 140 pf"lla tet a 30•d41 gfAto p4Ei9d in Ina #'rant 44 000,+'.i _ -1 a 0-d41 gt*t# pstlQ4 it a a4»' A u`, 144*er nonlisgo, shall 141 provide lot light of pfepaytn#nt fn whole ofit, baft ,v,l nrsu: _ ya*Itraftsd nte+stvt Of ttin#Itr 0 tt,a fedi properly, shaft f6dutle 142 *II prior lion$ and aflcu bf4n444 to be sops in gcet stv�a. _ a. rine of of fst,w* agaaa+:#s uncap i+ Il aftgaaa(4 }; 41,$11 ftdwtro 143 Duyof to molnlaln policies of Insufonct gohtainirtg a x',a, ,s c0+91iro All to>4rad cn Ina roar rimparty agtinsl 144 (lit and alt poillt IncludAd withlr£ the form.#4I#nood ?'==+s a::,y soca rIn.f hwks and Pettis as .lis#r r,ay IAalor,Wy (adults, 145 In on amount oe#al td their 6lghe4t inlet4bf4 i'afw#,a ;+9: SLauoly agtaomaht shall u# 414'erwiaato (ii'm find eonlont reewaitd 195 by Shier: but $.list troy only f#odlfa clsut6* and � .. r 1t,rJ in 1idrt444W r'ortusyeraotas 004 sQcwtily 42144frynts genlretly 141 Unlltad by savingl and fear. Institutions of state ,:,tad in Ina oastnly sr64ra£n fee real property to tvostod All 90140n4l i48 prop#liy and t#4aaa being doh,*yte of olorgnod viii, of i0ict 4 03„n ba rib)gpt Td the non of 4 4#eonty ogre*tion{ tontienold by facotdod fig flnonafn>g 41#£4monti, it a bolioon n?oftgago, r1,# nasi pay'v'I 0f arc 0,4 1400 . pol irtnis fhst4”, 150 C. 4unv8Yt auyar, at ouy*rs a P.ra4, waihhi taw,y sassy ti tr: auwvaf e. is Qe Gt I.f'e and 19 st sn.Ifa *#ane, .41 has# Ins test prop -lit, avitv#yau I5l and c#fNfied by a I#gI*t4140 Florida tuf44yor f1 the ewl.w J Q�Wafas , n waC6. Brits on the mist protrtoy or triAt hnptoven,ants located 9r.*r400 151 4nafosoh 0n solbatk 1,ngs, #sstmgnl4, lanot of #thtr4 ui :, W. say iestrtalian a, cs,n.ba,:t coion6nts or oppif4*o1# governnnsnrot raoulsnon, the 157 tania snail totatili t4 a title d#Iacl, 154 a. TCAb1ITa0A`i0OD DB$TnoTINO oROA1414b'S; 0,,ef „a tt:>y #.t ii #x c,wnao, ,�JWn i1,# line ci—of to dtliw t -410-4 of title, may hA,. Ing 155 properly Ibspectsd by a Floftda cefliN4d Pall conrtsi oi,f'"wr (`Cp#relor"g in d#ftlrrrsn# it tharA Is any vitibls salt,# lo—ill 41i.rtsl4tion cr 155 vlslbl* damagt fromlttmho IntettallCn, oiciu21ng f*nff4*, If wlhet or bothers found. Days$ that$ heva4 day* rroat data of wfalon notice In4tsof 147 within which to have Cott of U4ot+gene, If required, esnnr*tits of tna operator end all damaas inapotled And attimslod by # IiWood bwildor or 150 a*net#t contractor. SOW shill pay rend costa of rroot—fit and Iopa.f or cif doaiaoa up to the #mdynl pfa,ldsd in P*I*or#ph xNl(o), It 150 ostimated 00414 exceed that amount. Buy4t shall have Ina option of concohnp if,* conliaal vrlihin `,?'lets site; roctipt yr whit#clor'a f*pair tea aailmoto by giving wftlten notice to Seiler or Buyef map uieof to vn vka with the nonsaalion, end r#Catae a cl4dll at closing do tho srrovpf tot provided In Pa;sarapi, }€id ta). `T srmltgs' then ht d*orri#o la inbaud# aiiwddd e*tiroyfng argent*m* r#duited to bar#Aoried unoar to#Florida Post tat Control Act. 6s #m*need, 103 9.INOA945 AND oche$$: seller warranft and rtpfa6enis that 11,#ro 4* ni,4fo*a eiid #tiles* to the foal ploptrly suffici4nt for It* intended usa 104 a# dgocilbtd In Paragraph Vit hereat, title to which is in tcocrd#nce with Standard A, 165 P, LBA$Sbt Seller *hail, not lost than 15 day$ baton clueing, iwrnisn to Dwyer copiat of all watt#n t*#eaa and egloppol tettert ifoaf each 138 tonant specifying the nalvra and doollon of life tenoni's occupancy, fthtai rates, advanced rent and Wittily dopotit paid by tonent. It $offer Is 161 unable to obtain such tetter froth Bath tontnt, the tafne Information shalt to lurn4had by Sella( and Duyor within th#i Jima potlod in the form of a 160 sotler'o affidavit, and Buyer may thoreafter quiltact tonent to Confirm such Information, Seller than, at closing, 04INo and lotion oil original tee losses to Buyer. 110 0.1.116 is: Seller shalt furnish to Buyer at time of closing an 41fioa,it atletting to trio absanaa, unless otherwise pfovidod tot horain, of any 171 financing statement, ol►1mt of lion or potential nanors known to Seller and Nnhor attesting that there hove boon no Improaamonls or topalrt to 172 the real propstly tot 40 days inner l*te)y preceding dale of closing, it the teal property has boon Improved of tepoltod within that time, Seller Buyer (5 (_„.„...... J and $*list (__j (____) ocknoa9adge roc#lpt of acopy of this pogo, FARIBAR.5 Ravi gist) RIDBRii PAN 31 OBTAINED FROR1 1110 FLORIDA A660CiAT10 OF R6ALTOROO OR TNFi FLORIDA BAR This form 16 licensed for usa with Furinutaturrt Penny Hohvturo by 1;74 MCA16VIot Publ4ohing, Ino. 590.330.1427 do 173 174 175 170 177 176 170 180 let 102 103 184 185 lee 187 108 tog 190 191 192 103 194 195 190 107 198 198 200 201 202 203 204 205 200 207 208 209 210 211 212 21) 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 290 231 237 233 234 235 236 237 236 230 240 241 242 243 244 245 248 247 248 249 250 251 252 253 254 255 250 257 258 259 260 261 202 263 204 265 266 267 260 269 270 271 272 213 274 275 276 277 278 279 200 281 262 shall deliver release* or waivers of construction [lens executed by ail general contractors, subcontractors, suppliers and malnrlalmen in addition to Salle Y$ lien slfldavll setting forth The names ,f all such general C00,180101%, subcontractors, supplier* and malatislrnen, further Affirming that all Charges for Improvements or ropalf$ Which Could solve as a basis lot a construction lien or a Claim for damages have been paid or vivi be paid at the closing of this Contract. H. PLACE OF CLOSING: Closing shall be held in the county whoraln the real PfOPaltY is located a1 life *!flea of the attorney or other closing Agent ('Cloeing Agent') designated by Seller, I. TIME: in Computing time periods 91 lase than six (6) days. 5alurdays, Sunday$ end elate or national 1.9-1 holldaye shall be excluded. Any time Period* provided lot herein which shall and on a Saturday, Sunday, o1 a legal holiday shall extend to 5:00 P.m. of the next business day. Tim* Is of the essence In this Contract. J. OL031NG DOCUMENTS: $01101 shall furnish Ilia dead, bill of tale, construe Non lien affidavit, owner's possession alfidavll, 86110,11naht* Of 100009, tenant and mortgagee estoppel letler$ and corse Uva instruments. Buyer Shall furnish closing statement, mortgage, mortgage note, security agreement and flnencino slalamenl$. K. EXPENSES: Documentary Stamps an the deed and recording of Correc Nvo instruments shall be paid by Seller, Documentary stamps and Inlenglble lax on Ih# purchase money mortgage and any rnortgago assumed, mortgagee title Insurance commitment with related fees, and recording of purchase money mortgage to Salter, dead and financing statements Shall be paid by Buyer. Unless otherwise provided by few or dollar to this Contract, charges for the following relalud rite Services, nomoly title of abstract charge, title examination, and 4ailre.enl and closing tea, shall bo paid by the party responsible lot lurni%hrig the title evidence In aeoordane$ with Paragraph V. L. PRORATIONS; CREDITS: Taxes, asxusemenls, rent, interest, Insurance and other expenses of the Property shall be otoralod through Ina day before closing. Buyer shall have the option of taking over existing policies of insolence, if a66umaolo, In which event pr6mlurtt alias be Pfofelad. Cash at cloning shall be increased of decreased as may be requirod by proralions to be made through day prior to closing, Or occupancy, If occupancy occult before closing. Advance rent and secutity deposits will De credited to Buyer. Escrow deposits hold by moftgagae will be Credited to Seller. Taxes shall be prorated based on the current year's tax with due allowance made lot nuximurn aliowablo discount, homestead end other exemptions. If clo l -g occurs at a dale when the current year's millage Is not fixed and current year's assessment to available, taxes will be prorated Defeo upon such artsessnenl and prior year's milioge. if current year's assessment Is not available, then taxes will be prorated on prior year's lax, it that# Ira completed Improvements on the real properly by January 1st of year of closing, which lmpfovtmonts waro not In existence on January lel of prior year, then taxes shall be prorated based upon prior year's miliage antl at an equitable assessment to be agreed upon between the paffigs; failing which, (eque6l 6ns11 De made to fine County Property Appraiser for an Informal asiosamafit taking Into account available exempiione. A lax proration bawd on an estimate 61)30, at request of other parry, bo readjusted upon receipt of lot bill on condition that a statement to that offeot Is Signed a1 closing. M. SPECIAL A53C53MENT LIENS: Cofllfled, confirmed and ralilied special as$essrnont hens as of dais of closing (not as of Effective Dale) era to be paid by Beher_ Pending lion$ 69 of data of cfonng shall be asstined by Buyer If the improvement has been substantially completed As Of E116CIIv0 0810, Any pending lien $hall be Considoled C.rtd1*d, confirmed or ratified and Sailer shall, at CIOsino, be charged an amount equal to (he fast estimate of assessment for the Implovoman by Isle public body N. INSPECTION, REPAIR AND MAINTENANCE- Stile, warrants trial the ceding, roof (Indudmo the lasers and solhts) and 4xt4tior and interior walls, foundation, s#aw#0% (o( equivalent) and dockage do nal nave any Vitiblo E,,,denco of leaks, water damage or 61WOUfal 041.390 SAO that Ili# septic rank, Pool, all appliances, mechanical nems, heating, cooling, electrical, plumbing systems and machlnaty Aro In Wolkino Condition. The foregoing warranty shall be limited to the items specified unless otherwise provided In an addendum Buyer may, of Buyer's expense, have Inspection$ made of (hose Items within 20 day$ Ofor the Effective Dale, by a film or individual specializing in home inspections end holding an occupational license for such purpose (it foqurred) of by Ali appropriately licenwd Florida contractor, and Buyer Shell, prior to Buyer's Occupancy, but not more than 20 Day* after Ell*Urwe Dart, report in wilting to Seiler such Rema that do not meat the above alandafds 41 to defects. Unless Buyer firnely ropOrt such Chests, Buyer %hail be deemed t0 have waived Sailer'& warranties at to defill not reported It repair$ or ($placement$ #ro required 10 comply wiln this Standard, Sailer shall caul* Ihom to be .*do and shall pay up to Ina amount Provided in Paragraph Xtli(b). Setter is not rottulted to make reports to replacements of 6 Cosmetic Cond7Ucn unlest neuter) by S defect Seiler It fes POnSlbl* to r4PSIf Of replace- if the Coat for ouch leplN of roplaeemdni exceeds the Amount Provided In Pal$glaph Xlil(0), Buyer and Seller may elect to pay such excess, falling h.CA either party may caneet this Cont'"" It Beller is unable W correct It's defects prior to dosing. in. cost thtreef $hall be paid Into # O(C. 41 closing. $Offer shall, upon rtasonabio notict. Provide utilities sterwom and access to the P1.04rly for inspection*, including *work -through prior 10 closing, to Confirm that all .tsm'$ of personal plopoNy ala on it's real property and, suojvcl to Ina fdlgOing, that all required rop#iq and replacement$ have been loads and that Ili* Proppty, Including, Dot Mot ll.lt*d to, Hawn. threbbefy and 0001, It any, has been maintained in the condition existing be 0f Ellirctiv0 OAr*, ordinary was, and tear asceptod. For purposes or this Conflict'. (A) 'WorkingCOMO llo.' meant operating In ih* r...A., s,, .niar (he 11.1. v-.4$ designed to Opalslt, (o) `Coarhetie Condition' mean# tI $e$Inali4 imperfecons that do no elf*61 the working condition of file dem, inNutl+ng, Out hot limited to. pitted nimcdle; rmintng or torn iC,f ns; logged windows, lest*, worn spats, or discoloration of floor covatmgs, wallpaper, or window Ireelma Al*, nail steles. S:IaltAe e, d4nis, sotspet, Chipe Or Caulking in calling%, wall*, floorrn9s, fixtures. Or miNOrs, And minor Clack$ 1n liters, tilts, wlhdOwe, drlveways, *fde'walka, of pool docks; and (c) Clacked'Oor IIIA%, Curling 0r worn shmalts, or limrlad loot Will Strait not tis cC.aidersd d#t#clo Sailor must r*pair or foploce, to long as there It no evidence of actual leaks of leakage or 61?vCINOI damage, out mlsotng Wei will be $tiler's lesponaftl0ay to t*place or report, 0. RISK OF L053: If the Plopgrly it damaged by Ilia of other casually before closing and cost of rottorarion does not exceed 3% of the 66109400 valuation of The prop#rty to damaged, cost of restoration thAli to OA Obligation of Solley and closing shall proceed pursuant to the forms of this C9ntfacl with roStotolion pest% *icrawtd at of rstng, It the Cost of rtttoreNdn #xc#*dt 3% of the #644*444 va€utllott of the Property to damaged, Bvyof $hail have the option of silver taking 010 property as is, togath*1 .,it, ohl"t the 3% or any insurance Proceeds Payable by vlrluo of such loss Or Carnage, of of canceling this COntroct and Acevniho return of in# o*posit(s), P. PROCEEDS OF SALE: CLOSIRO PROCEDURE: The deed shall of fecofaed upon clearance or fundi 11 or. abstrsCt of title half be*" turnithed, tvldence of title shah be continued it Buyer's espensa to show fiNain Ill without any ancumbroAC#s of:nano# which would render S01101'4 title unmarketable from the dare of the fail evidence All Closing placated* shall be hold in *solow by $alit?'$ attorney or other mutually acceptable *screw agont ter a Period of not mole than 5 day* After closing dole. It Sall*?'$ title Is fendolod unraerkoiablo, Motion ria fault of Buyer, Buyer *hall, ..thin tn# 5 -day PAliod, notify Senor i,, wintnif Or Ill. defect and Sellar shall have 30 days Ito. dal* or locolot of feat, notification to curs the dialect. It Either fails to I'Mofy Cuts Iho def e:t, 411 dopo0.t(S) and closing funds shaft, upon written demand by Buyer SAO Within 5'JOYS *tiff demand, be (*turned to Bole, #lid. 4r 01aneousty wnh such f*payn14n1, Buyer shall forum Ina palatine, properly,'Acme the lest property and roconvay ilia Property to Sailer by special warranty dead and Off of $410. it BUYS, ratio to make tfmoly demand for (*fund, Buyer that lake tills 46 It, wsjving all righls against Stlief 46 fb any rntervan.ng dtlogt except of niay be Avatfablo to Buyer by virtue of wAffint'.4 contained in i1)* Used Cr billet sale It a portion of the Purchata Phc. is to ba dorivtd from Insist uli9.#t frnsn4ina or refinancing, r*quit*.4nis of the londinV Institution as to place, Nms of day Ane} prOC#dura$ for Closing, and for disbursement of mortgage proceeds shall Control oval contrary provision In It's Contlact, Dollar snlii have i1)# light 10 144ulte from the lending instillation if wrrtrtn Commitment that it will nor wiirhold disbursement or mottgago proceeds as a result of any 1,116 Offset aitrrbutabl* to Buyer mortgagor. The atdro. and clotting procedure regWf6d by this Standard shah be walvad if tri$ tilts agent fnsur#s Advors# matter* Portugal to Section 627.78H, F.8 , as amended, 0, ESCROW! Any *$crow agent ('Agora(•) ftCelving fund$ or equivalent 16 authorized and sof*#% by acceptance of them to deposit them promptly, hold %$me In escrow &lid. Subject to aisefance, di#bWte thorn in accordance with farm$ and Odndilions or this Contract. Failure of fund* le era#t their not excuse Buyt1'S P$1101msrtGf If in doubt as t0 AVe.IY duties at ngbinites oriole, ilia p19,1410.1 of Into Contract. Agent may, of Agent's 9Piion, Continue l0 .to Ino tuoloct mattes CI In. r$dr err ymn the partial naraf0 02,0. to sit doo.'semtnt of until . Iuclgem.ni of a court of competent )0lts4iclion *hell dolermin* the r,gh,o or rho 04114C of A00.1 M., d#powl tams wIn'h* C4ek or in* circuit Court h*vmg jurisdiction al in. dispute. Upon notifying ail Pallet COnC*tri*d d ..Ch adio., all habliily on the Dart of Agent shall fully itrm'hole, ea Capt to the extent of accounting for any Hems p,owously deirver*d our or escrow, it $ tict... d rear ..iota Or.k., Agenl wdI Comply will) PIO.,10n$ or Chaplet 415, F.S, as omondod. Any Wil between Buyer any Senor whwom Agent to mod* a Party bocaus# of "ling as Aoon) hereunder, Ori. any tui w?t Agent Intsrpleadt in# subject rngitar Of ,lie e%Crow, Agent *hail recover reatonaOle attorney's toot, and costs incurred with ilia%. amounts 10 be paid from and out of In* $screwed rends Or aqulval0nt and chorged And awarded as court Cast$ In favor of the prowl party. T ne Agent *hall not bo liable to any party or person lot mi*dohwe?y to Buyer of Sollur of items subject Ig the escrow, uh10s* 6ech mi*delivo,y i4 due to w1111d breach or the provisions or Int$ Contract Or gross no)i'gence ci Agent R. ATTORNEY'S FEE3; COSTS: in any litigation rAch,aing breach, enfofcil l Or u.ttrprAtahon, arising out of this Cmlifact, tri# provahino party In such litigation, which, lot purposes of this 8landalo, shall include Seller, Buyer and any broker& #cling in agency Or nonagancy firiotlor*hlps outhon2ed by Chapter 475, F'S . at amano W. %fish 00 unfilled to recovot from lire non-provaNing party Ieasonstrie attorney'& loo*, costs end *'ponces. S, FAILURE OF PERFORMANCE: It Boyer (site to parlolm this Contract within t1)* time specified, including DaYmirnt of All CIOPotila, the deposit(&) Palo by Buyer and deposit($) ogicad 10 of pard. MAY 04 recdwofed and f6telAetl by and to? Sha 4CC9ant Of Saner 84 Soloed upon liquidated damages, cons loafer jon.fdr the exticutlon or this Conttacl and in full solllenwnt of any claims; wharoupon, Buyer and Salter shah be reileved Of all obligations under this Contract; or Salter, Of Sailor's Option, may proceed in equity to enforce 8011014 right* under this Contract, it for any reason ether than saber* Or Sailor t0 make Selief's title marketable after diligent efferl, Seller fajjq neglects of rotu$ea to portOril this Conlfacl, Buyer may seek specific performance or elect to receive the return of Buyer'& deousiitt) without thereby waiving any action for damages resulting from Seller's breach. T. CONTRACT NOT RECORDABLE; PERSONS BOUND; NOTICE: Norther this Contract nor any notice of it thall be tecoroad in any pubic records. This Contlacl %hall bind and inure 10 the benefit of the patties and their %ucceswU in Interest. Whonuvtl Ilia context permits, singular shall include plural and one gonder Shah Include Oil Notice Vivo,, by ar to the attorney for any Polly $hail Oa of effective as it given by or 10 that p 011 Y. U. CONVEYANCE: Seller shall convey 1,110 to Nle feat ptoparty by statutory all arty, Iruslee'S. personal representatives or guardian's deed, as appropriate to the status of Seller, subject only to moneis contained in Palagraph oil and those otherwise accepted by Buyer. Personal property shall, a1 the request of Buyer, be transferred by an absolute bill of sale wits vfarranly Of I In subject only to Such fnalloro a0 may be otherwise provided for hergin. V.OTRER AGREEMENTS! No prior or present agreamenls Or rep06entalions Shall be binding upon Buyer or Sailor unl4*S included in this Contract. No modilieallon to or Change in this Contract sn*II be valid 01 binding upon the parties unjust in writing and executed by the party or parties intended to be bound by it. W. WARRANTY: Sailor warrant# that there alb no fuels known to Seller materially affecting the value or Ilia Property which ata not readily observable by Buyer or which have nor been disclosed to Buyer Buyer (T t ( l and Seiler ( I (__. ) acknowledge recNpt of a copy of lids page. FARIDAR-5 Rev, 0/96 RIDERS CAN BE OBTA:NEO FROM THC FLORIDA ASSOCIATION OF REALT ORSO OR THE FLORIDA BAR This form is licensed for use with FftrgirsuiaLur" Forms Software by ISO McAllister Publishing, Inc. 800-330.1027 40 0 20 40 80 1 INCH = 40 FEET C .;s GRAPHIC SCALE '� `� 233 6' � 444 ,i d J doc r O Existing R W Line 5TH STREET S.W. - 100''---- 114 Section Line & Troct Lure LEGAL DESCRIPTION -' The North 50 feet of the South 80 fee- of the '."fest 10.75 acres of Tract 5 in Section 22, � Township 33 South, Range 39 East, occorx::ng to the lost general plot of the lords of the Indian River Farms Company; recorded in s'Iat Book 2, Page 25 of the Public Records of 0 St. Lucie County. Florida. a LESS the West 100 feet for conal. Now Iying in Indian River County, Fioridc. Containing 11,680 square feet, or 0.268 acres. v 0 CERTIF ICAnON I, Charles A. Cramer, hereby. certify that I am a registered Professional Surveyor and Mapper licensed to practice in the state 3: of Florida, that this sketch was rnade und•_r my immediote supervision, and that it is accurate and correct. I further certify � that this sketch meets the Minimum technical standards as described in Chopter 61G17 of the Florida Administrotive Code, t;; pursuant to F.S. Chapter 472. THIS iS NOT A SUr7VEY L SKETCH TO ACCOMPANY LEGAL DESCRiPa10N c - � PRET'AIRED FOR INDIAN RIVER COUNTY ENGINEERING DEPARTMENT' � rti�rtes A. Cromer. P.S.M. Reg. #4094 1840 25th St. Vero Beach. FL 32960r Indian River County Surveyor, {561 } 567-8000 Date < 5 1& "IC