HomeMy WebLinkAbout2000-034C�]
40
-hfn
THIS FORM HAS BEEN APPROVED BY THE
FLORIOAASSOCIATION OF REALTORS) AND THE FLORIDA BAH. 71
Contract
Contract for Sale and Purchase f
FLORIDA ASSOCIATION OF REALTORSO
AND THE FLORIDA BAR
'1 PARTIES: _ Hhaokalr rle+rati_
2 of 41_k4 QAd L3 2ria F[ig1Sw�Y,_ Vero beach, F'1orl,da- 37960 (Phone) _.:NLA .
'3 and Irtdi4t3 13'iver Cow+t}t, lS-olftical-@ubdivivion _of the _Sfiat:a of FJ9XidA ("Bay(Id'),
4 ofJB4QV 5tif#tt eat, Vero_ B0ach,_Fiar1-4,n 32gfi0 _ _ (Phone) _t5lii G3�fLffZQQ .
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 Sato and Purchase and any riders and addenda ("Contract"):
7 I. DESCRIPTION:
'$ (a) Legal description of the Real Property located In _Tndkon Rt_Yar_ - _ County, Florida:
g ss,� sl LsiQ�szlla siD� �xh� ",in_ttached hereto end_1m09_0_y_*_ rtr_hslr 9Q_f.,
10 _ -
'11 (b) Street address, city, zip, of the Properly is: 2480 41at Strout, Vora beach, trier;d 939§?
12 (c)Personal Property, _ NoRS _4'S�gnJggz?arcn1 XD No. 26-32-39-00007-090_0.QQ18.Q
13 PTTr4_wl-g413nIIng-;3,154 aqu+sro foot:. _
14 r PLSAB$ j1OTEi TRIS GSN2R11Ci ALTA E t Tq INDTAS! RJVJR COIRITY APPHQVM
15 ll. PURCHASE PRICE:.. .........................$ 10.25D.50 _
16 PAYMENT:
'17 (a)Deposit hold in escrow by —_ HLA--_ (Escrow
*18 Agent) in the arrlount ot..............................................................................................................................__................5-
'19 (b)AddlNonal escrow deposit to be made to Escrow Agent within_ days alter Effective Date (see
120 Paragraph III) in the amount of .................. ..., .,.. ,........ ,..,.,.. „ . ._, .........,......S �Q-
'21 (c) Subject to AND assumption of existing mortgage In goad standing in favor Oft;/.
22 _ having an approximate present principal balance of ...................$ ___ _�-
'23 (d) New mortgage financing with a Landar (see Paragraph IV) in the amount of .................................................$ -Q-
'24 (e) Purchase money mortgage and note to Seller (see rider for terms) in the amount of..................................5 -Q-
*25 (()Other: $
26 (g) Balance to close by U.S. cash or LOCALLY DRAWN cashlees or official bank chock(s), subject
'27 to adjustments or prorations............... -I.-I-1- ........,,.., .. ......$ 10, 250.50
28 III, TIME FOR ACCEPTANCE OF OFFER; EFFECTIVE DATE; FACSIMILE: If this offer is not executed by and delivered to all parties
'29 OR FACT OF EXECUTION communicated in writing between the parties on or before 3Q_ _dilsyt___ , the deposit(s)
30 will, at Buyar's option, be returned and this offerwilhdrawn. For purposes of delivery or notice of execution, parties include Buyer
31 and Seller or each of the respective brokers or attorneys. The date of Contract ("Effective Date") will be the date when the last
37 one of Che 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 an original.
34 IV. FINANCING:
*35 DZ[ (a) This Is a casIn transaction with no contingencies for financing;
'36 C_l (b) This Contract is conditioned on Buyer obtaining a written loan commitment within _ days after Effective Dale for
37 (CHECK ONLY ONE): ❑ a fixed; ❑ an adjustable; or ❑ a fixed or adjustable rate loan in the principal amount of
'38 5 at an Initial interest rale not t4 exceed % „discount and origination foes not to exceed g._ %
139 of principal amount, and for a term of years, Buyor will make application within days (5 days if loft blank) after
40 Effeciive Date and use reasonable diligence to obtain a loan commitment and, thereafter, to satisfy terms and conditions of
41 the commitment and close the loan. Buyer shall pay all loan expenses. If Buyer falls to obtain a commitment or fails to waive
42 Buyor's rights under this subparagraph within the time for obtaining a commilmont or, after diligent effort, fails to meet the
43 terms and conditions of the commilment by the closing date, then either party thereafter, by written notice to the other, may
44 cancel this Contract and Buyer shall be refunded the deposit(s);or
'45 ❑ (0)The existing mortgage, described In Paragraph II(c) above, has: ❑ a variable interest rale; or ❑ a fixed interest rate of
•46 « % par annum. At time of title transfer. some fixed interest rales are subject to increase; if increased, the rale shall not
47 exceed % per annum, Sailor shall furnish a statement from each mortgagee stating the principal balani., nothod of
48 payment, Interest rale and status of mortgage or autlloriza Buyeror Closing Agent to obtain the sarne. If Buyor has agreed to
49 assume a mortgage which requires approval of Buyer by the mortgagee for assumption, then Buyer shall promptly obtain the
60 necessary application and diligently complete and return it to Ilse mortgagee, Any mortgagee charge(s), not to exceed
*51 5_ iv,1,5_ - (1% of amount assumed if loft blank), shall be paid by Buyer. If Buyer is not accepted by mortrxgoe or
52 the requirements for assumption are not in accordance with the I^ems of this Contract or mortgagee makes a charge in
53 excess of the slated amount, Seller or Buyer may rescind this Contract by written I olico to the other party unless either
54 elects to pay the increase in interest rate or excess mortgage charges.
'65 V. TITLE EVIDENCE: At least _N/A days before closing dale, (CHECK ONLY ONE): ❑ Seller shall, at Seller's expense, deliver
156 to Buyer or Buyer's attorney; or MBuyer shall at Buyer's expense oblain (CliECK ONLY ONE): Xabstract of title; or ))title
57 insurance commitment (with togiblr) copies of instruments listed as exceptions attached thereto) and, after closing, an owner's
58 policy of title insurance.
'59 Vt. CLOS!NG DATE: This transaction shall be closed and the closing documents dolivercd on ..- __fLQ_dayll—.__
60 unless modified by other provisions o Ihts Conlracl, rtorn c, f FoCt 1 ve da to ( sc-e Ser. T T T )
B'Guyor 1_ '� 11 - 1 and Gorier ( j_) I .1 ■eknowletlga recolpl 01 a copy of Ihla page.
FARIeAR•6 Rev. ales 11110E RS CAN BE QBTAINE0 FROM THE FLORIDA ASSOCIATION OF RE ALTORSta OR THE FLORIDA OAR
This form is licensed for use with Funmulatar" Farms Software by ISG McAllistor Pubtishmg, Ona 090-334.1027
f•
C-3
40
4D
61
62
63
64
65
66
67
fib
69
70
71
72
73
74
75
76
77
'78
'79
'80
'81
'82
83
84
86
86
87
68
89
90
91
92
93
94
95
96
'97
96
99
VII. RESTRICTIONS; EASEMENTS; LIMITATIONS; Buyer shall take title subject to: comprehensive land use plans, zoning.
restrictions, prohibitions and other requirements imposed by governmental authority; restrictions and matters appearing on the
plat or otherwise common to the subdivision; outstanding oil, gas and mineral rights of record without right of entry; public utility
easements of record (easements are to be located contiguous to real property lines and not more than 10 feel in width as to the
rear or front lines and 7 ill feet In width as to the side lines, unless otherwise stated herein); taxes for year of closing and
subsequent years; assumed mortgages and purchase money mortgages, if any (if additional items, sea addandum); provided,
that there exists at closing no violation of the foregoing and none prevent use of the Property fOr__8Ll3>-+t:-Af.-XnY
purpose(s).
VIII.OCCUPANCY; Sailer warrants that there are no parties in occupancy other than Seller; but if Property is Intended to be rented
or occupied beyond closing, the fact and lerms thereof and the ienanl(s) or occupants shall be disclosed pursuant to Standard
F- Sailor shall deliver occupancy of property to Buyer at time of closing unless otherwise stated heroin. If occupany is to be
delivered before closing, Buyer assumes all risks of loss to Property from date of occupancy, shall be responsible and liable for
maintenance from that data, and shall be deemed to have accepted Property in its existing condition as of time of taking
occupancy unless otherwise stated herein.
1X. TYPEWRITTEN OR HANOWRII I N PROVISIONS. Typowntlen or handwritten provisions, riders and addenda shall control all
printed provislons of this Contract In conflict with them.
X. RIDERS: (CHECK those riders which are applicable ANIS are attached to this Contract):
El COMPREHENSIVE RIDER [9 HOMEOV4VNERS'ASSN. Ll COASTAL CONSTRUCTION CONTROL LINE
❑ CONDOMINIUM ❑ "AS is, [] INSULATION
❑ VAtFHA (--) LEAD-BASED PAINT ❑
XI, ASSIGNABILITY: (CHECK ONLY ONE): Buyer L-1 may assign and thereby be released from any further liability under this
contract; U may assign but not be released from liability under this Contract; or X may not assign this Contract.
XII. DISCLOSURES:
(a) Radon Is a naturally occurring radioactive gas that when accumulated in a building in sufficient quantities may present
health risks to parsons who are exposed to it over lime. Levels of radon that exceed federal and state guidelines have beer?
found In buildings in Florida. Additional information regarding Radon or Radon testing may be obtained from your County
Public Health unit.
(b) Buyer acknowledges receipt of the Florida Building Energy -Efficiency Rating System Brochure.
(c) If the real property includes pre -1978 residential housing then a lead-based paint rider Is mandatory.
(d) If Seller Is a "foreign person' as defined by the Foreign Investment in Real Property Tax Act, the parties shall comply with
that Act.
(®) IIVED AND RETHE HOMEOWNERS7AD ASSOCLAT ONDISCLOSURE.
OS
if Buyer will be obligated tBUYER
UREOT EXECUTE THIS CONTRACT
UNTILBUYER HAS RECE
XIII. MAXIMUM REPAIR COSTS: Seller shall not be responsible for payments in excess of:
(a) $ for treatment and repair under Standard D (if blank. then 2% of the Purchase Price).
(b) g /a _ for repair and replacement under Standard N (if blank, then 3% of the Purchase Price).
XIV. SPECIAL CLAUSES; ADDENDA: If additional terms are to be provided, atlach addendum and CHECK HERE C].
XV, STANDARDS FOR REAL ESTATE TRANSACTIONS: Standards A through W on the reverse side or attached are Incorporated
as a part of this Contract.
100 THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK THE ADVICE OF
101 AN ATTORNEY PRIOR TO SIGNING.
102 THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORSO AND THE FLORIDA BAR.
103 Approval does not constitute an opinion (hot any of fila forms and conditions in this Contract should bo accepted
104 by tiro parties In a particular transaction. Torras and conditions should be negotiated (rased upon file
105 respoctive interests, objeclives and 'bargaining positions of all interested persons.
106 COPYRIGI T 1998 BY THE FLORIDA BAR AND THE FLORIDA ASSOCIATION OF REALTORS@
•107 r�t�J 02-08--2000•. rte' -w7- 0C)'108 (Buyer) Fran B. Adams (pale) (Seller)-Shaskar Bart (Date)
Board Of County Commissioners
1109 S Oc iy o Ta . M y Social Security or Tax l.D.
IV 0
'111 (Buyer) R%gRonalf I + C lkah nL (Dale) (Seller) (Dale)
nt-o
`112 SOCIaI SdcurityorTax I.D. ff
Social Sec urily or Tax I.D. 0
113 Deposit under Paragraph Il (a) received; IF OTHER THAN CASH, THEN SUBJECT TO CLEARANCE.
114 (Escrow Agent)
115 BROKER'S FEE, The brokers named below, including listing and cooperating brokers, are the only brokers onlitled to
116 compensation In connection with this Contract:
1117 Name: --NLA-
its
ifa 118 Cooperating Brokers, If any List Ing Broker
eRyer (�C'' .I r.sellar�,) ! Y sc�rw.viedye receipt of acvPy of lb9st Prye.
FARIBAR-B Rev -8700 RIDERS CAN BE OBTAINED FROM THE FLORIDA ASSOCIATION OF REALTORSi9 OR THE FLORIDA BAR
This form is licansed for u60 with Formulator" Forms Software by ISG PACAllisfer Publishing, Inc. OM336.1027
C-1
LVA
•
119 STANDARDS FOR REAL ESTATE TRANSACTIONS
•120A. EVIDENCE OF TITLE P(II An pbstraci of lille proparod at brought current by a reputable and em xisllnu abslmcl tuof not oxisting too.
121 cortlllod as correct by an exISIIn9 (lan) purporting to be an accurate synopsis or the 10strumants 311'eClin0 title to the 9001 prapdrty recorded In
122 the public records of the county wherein the real praperly Is localad through Effective Date. II shall dommonce with the tizdwsl public rOCOFFl
123 or such Inlet dale as may be customary in the county. Upon closing of this Contract, tho abstfact shall become the property at Buyof. Subject to
124 the right of retention thereof by lirsl morlgagoo until fully' paid (2) A title Insurance commumOul issued by a Florida Ileensed title insurer
125 agreeing to issue Buyer, upon recording of the dead 10 Buyer, an owner's policy of title Insurance In Iho amount of the purchase price. Insuring
126 Buyor's llbo to tho foal ptoporly. sublocl only to
hens, ancumba0nces, oxcoptipna or quahlrcatlons provldod in It" Contract and Ihoso to to
127 di6charg pd ay Souer at or before closing. Seller stiall convoy mar kotablo mile sub)oct nnty l0 hunt, onGUmhFBmCOs, exceptions or quWalcolians
128 pfavdded In this Cpnl Fecl. htafkelablo title shall be dolerrrdeed aCcofdloo to appllcabio Title Standards adapted by authority of The Florida Bar
t29 and In accordanca wllh law. Buyer shall have 5 days from data of rnceivmg evidence of Jilin to examine it If tito is found dolactive, Buyer
130 shalt within sold 5 days notify Sauer in writing specifying the defactls) 11 defoct(S) rondar 1,110 unmarkatablo. Sailor will have 30 day from
131 recolpl of notice to remove the detects, folhng which Buyer shall, within live (5) days oiler axplralmn of the thOly 1301 day period, deliver wntf eri
132 notice to Seller olthof. (t) extending Ilia time for a ronsenahlo period not to oxCaed 129 days wllhln which Seller Shall i1Sa diligool effort Io
133 remove the defocts; ar (2) requesting a refund of deposdt(s) pald which shah be Immediately returned to Buyer. If Buyof falls 10 So n0tily Seller,
134 Buyer shad be deemed to havo occoplud thq tillo as 1t Ilion re Sailor shall, if 1N V0 Is fourid unmarketablo, uSa diligent effort to coFrect caFecl(s)
135 wllhln ilio limo provldud I total I. If Sellar is unable to timoly correct the delecl s, Buyer shall ollhor waive the defocls, or receive it roluno at
136 doposrt(a), Ihgruby reloosVng Buyer and Sollor from all further oblP9altohs under this Contract If evddenco of IIIIO is dnlivored to Suyor loss than
137 5 days prior to closing. Buyer may extend closing data Se that Buyer shall have up to 5 days from data o: rocaipt of Ovidenee of title to examine
136 same In accordance with this Slandard
130 B. PURCHASE MONEY MORTGAGE; SECURITY AGREEMENT TO SELLER.: A purchase mOnay mortgage and mortgage note to Seller shall
140 provide for a 30 -day grace palled in the avant of da(arrh If a tifsl mortgage and a 15 -day grace POFlod 11 a second or lossor morlgago; shall
141 pfovrdo [or fight o1 prepayment in whole or in part without penalty; shall permit accelerallon In event of transfer 01 the real praperly, shall require
- 142 all prior hens and 0ncumbIraocas to be kepi to good standing and forbld mbdnccallona 01 or fUtI1rQ advancos under prior mortgage(s), &hall require
143 Buyer to malnlain policies of insurance contalmng a slondard morlgagoo clause covering all improvements localerl on the real property against
144 life and all perils included within the term'extandad coverag0 0ndorsemanl6' and Asch alhef risks and Perlis as Salfaf may reasonably require,
145 In no amount equal to their highest Insurable value, and the marlgage, note and socurtly agreumonl shall be otherwise in form and content raqulfod
145 by Sellar, but Sollor may only require clauses and coverage customarily found in 1a0rlga9Os, m0ftgaad notQ5 and security agraoment9 generally
147 utlliyod by savings and loan institutions or Slate or nallonal banks Pacatud In the county wheroin the real property Is located. All personal
146 property and looses being convoyed or assigned wilt. at Salter's opnon. be subject to Ilia Iron of a security agreomont evidenced by ree0rdad
140 financing statornonis. If a balloon muflgage, rho Anal Payment will Oxi:oed the P0nQdlC P3YMNIIs Iberaon,
160 C. SURVEY: Buyor, at Buyer's axponsa, within time allowed to dohvor avid Qricp of 11110 and to examine some, may have the foal properly sur"y"
151 and cortified by a registered Florida sufvoyer. Il 1110 survey dlSClases encroachments on the foal property or that Improvements locahto thoruon
152 encroach on setback linos, oasernonts, rands of others or violate any rasifictlons. Contract covenants or applicable governmental mgulatlon, the
153 same all conslllute a 1Wo dotact.
$54 B. T E R M IT E SIWOOD 0ESTROYIH0 OROANISPAS: Buyer, at 0uyor'5 oxpom&e, within the Orne allowed to oollvar evidanca of title, may have Shu
155 Properly Inspocted by a Florida Carilfled Post Control Operator ('Operalor') to delerouria 11 there Is any visible active tormlta Infoslallon or
156 vlsjb Pe deal from termite Inlaslalten, excluding fancas If either or both arc found, Buyer shall have 4 flays Ram data of written nollce Ine9dof
167within which to have cost of Ireplmonl, II rgqurrod, estimated by khe Operator and all damage inspected and ontdmoted by a licensed bundor Or
158 general contreclor. Sallpr shell pay valid costs of Iroatmonl and repair of all dpmpga up to the amount pFOvidOd in Paragraph 7nfila). It
150 osllmaled costa exceed (hat omounl, Buyer shall have the Option of cancallio this Contract vi 5 days alcor raceipi of eaniraclor's repair
180 estimate by giving wrlUen notco 10 sol!dr of Buyer fnay olucl Ie PFoeoad %ph Iho transaction, and receive a credit at closing on the amount
101 provided In paragraph Atli;a). *Termlles' shall be deemod to Include alt wood doll Foying organisms required to be reported under the Florida pest
182 Control Act, as amended
163 E, INGRESS AND EGRESS: Seller warrants and represents Ilial there is Ingfass and agross to the rear property sulfleianl for Its nilomtod use
164 as described in Paragraph VII Itoroot, title to whlch is In accordance with Slandard A
1B5 F. LEASES: Sailor shall, not lass than 15 days beforu closing, fufnlsh to euyur copies of all written lea3US and osloppol 1e11pre from each
165 lananl specifying Fire nature and duration a1 Iho lenanl'S accuPancy, rental rates, advanced Pont Pnd senurdly deposit paid by lonanl. If Salter 11
167 unable to obtain such letter tram each tenant, the same Vnjornlallgn shall be lurnlshod by Salter and Buyer within that lima palled !n the term of a
108Sollnr's alfldavll, and Buyer may thereafter contact tonant to confirm such Inlorrnatwn Sailor shall, at dosing, III and FiSslgn all original
tag loasas to Buyer
170 G. LIENS: Seller shall Iarntih to Duyw at limo of closing an aindavdl attesting to Ihu absenc O. unions olhePwisa provided lot lifirip 1, of any
171 financing statement, claims of lion or pblontial honor's known to Sailor and Iuflll Qf atlQsljng $hat Blore have boon no llnPrOvemenrs or repairs to
172 the real properly fpr g0 days Immediately preceding onto at closing 11 the Foal property has boon Improved or repalrod wnllhh that Time, Seller
173 ®halldullver releases or =Nofs of conslrucllon Ifeni executed by OPI genarnl contractors, aaticontfaclors, aupphots and fli,torfahrren in addition
174 to Seller's I on afhdavil selling forth (ha names of atl such 0anoint contractors, subconitaciofa, suppliers and FraleffalmQn, IpflllQF nflifhling that
175 all charges for hnpr"enonls or ropaRS which could servo as a basis IGF a constru 011nn Ilan OF a claim for damagus li"a been paid or will be paid
170 a1 Ilia cloelnft al this Contract
177 H. PLACE OF CLOSING: Closing shall be held in the county wherelll Ihu Foal Prepafly Is located at the office of the attorney of other closing
ITO agent I'Closing Agent') designated by Sailur.
179 I. TIME! In compuling time periods o! toss Irian six (6) days. Saturdays, Sundays and $tate or national 10901 holidays shall be axctudod Any time
100 periods provided for hofotn which Shall Find an a Saturday, Sunday, or a legal holiday shift oxtand to 5:00 p m or the next business day Time is of
191 the essence In this CQnlratt.
182 J. CLOSING DOCUMENTS: Smaller &hall lurnish the dead. bill d( sale, construction lion allldavH,. owner's possession aftidavil, assignments of
183 louses, lenanl and olurlgagpo asloppol loners and correctrvo i nstromauts. Buyor shall lumpish closing SlatOmant, murigagO. asorlgd0O nota,
pail security agroomont and flnancjng statements
185 H. EXPENSES: Documuntary slamps on Ilia dead and recording of eoffecid" Instruments shalt ba paid by Sellar Documentary .'imps and
ISO jnlangibie Ina on the purchase money mortgage and any mortgago assumed, morlgagoo titin Insufauco cumrnlloront with related leas, and
1157recording of purchase money martgaga to Seller• deed and IIIInnL'fno stat Qinaflls shelf be Paid by Buyer. Unless cl"Fwlsu pfovidoo by Pow or
166 alder to lilts Contract, charges for the following olalod 11th sorvlcus, namely title of abstract charge, IIIIq ox arnln atlon,. and sotllmnont
166 and Cloaln9 fon, Shall be paid by the party FespOuslMn for furnt&hing Iho title eyloetQHr In accardanc0 wilh ParagnlPh V
Ion L. PROBATIONS: CREDITS; Taxes. assessments. Font, inlornsl, lnsurancu and other expcnsus of Ilia Property ^hall b0 plot !pd through the
191 day before closing. Buyer shall have Oro uption o1 laking o •r oxisting policies of insui—ed. If assumable, In wh -b ovOn1 Premiums s:,ali be
1g@ prorated- Cash al. riesing strait hu Increased or docraased as r. _y hq required by prorailons to ba made through day 139901' to CfeSing, or occupancy,
193 f1 occupancy occurs before closing. Advance Fool ;Ind security dopeshs will be-ridlled to Buyer. Escrow deposlls bold by Inort9ag0o will he
104 credited to Sollor. Taxes shall be prorated based on the cufrenl "at's tax with due Pllowance rnado lot maxfmuni allowable discount, Ilolrus:Qad
105 and othor oxompliohs tl closln9 occurs ar a dale when the curronl year's muhago Is not Ilxod oral currant year's assessment Is available, taxes
165will be prorated' based upon suC1i a66ossmunl and prier yearn rnnlagp. 11 Currolil yo« is —restrain is not avaYlabl P, 111riM1 Inv, • � ir,uratou
I07 on PFlor yoaf's lax. If there are completed Improvements on the fear prmner+, t•r-„air 7 tri v-, or Cldslng, which II II pfaYq mpllts Were not lit
108 axlslenco on Jori 161 of prinr y-11, :ha:j joxus scan be prutaleo based upon prlor year's lndlhage and at an equitable as sessmonl to be agreed
Ica upon Onn+e_Cs jha parties; falling which. Iuqu05t shall be mlde to Lima CgUnly PFoperty Appraiser for an bl lernal assassmanl Inking into account
200 avahabl0 oxempllons A lax proration based an or, estimate shall, at request of quhaf party, ba Feadluslud upon FOCOIPl of fax blot en Carldthee
201 That a Stalemdnl In that afleci is alonad cfo3jmg
Buyer { 1 l._..-__. __1 find Belief �Y*.J _)'I I seknowledgo raeetpt of a copy of this pspsa
FAR;EIAR•5 Rohr, 6198 COPYRIGHT lugs THE FLORIDA OAP AND TWE FLORIDA ASSOCIATION OF REALTORSdv
This film is licensed for use vv1H1 jForma6lutnr" Fotms SpfjW:oF0 by ISG McAlhstar Pubhshlh0. Inc Al I1 -t?" -I'17
4!
4:
40
262 M,SPECIAL ASSESSMENT LIENS: Cortilfed, Cdnllrmod and ratified special asaoa.mmool Ileus as of dale of Closing (not hs of Effective Dale)
203 are to bo paid by Seller. Pending IInas 05 of dale of crosing shall be assumed by Buyer II ilio rmprovomont has been substantially complelad as
204 of Effective Data, any pending lion shall be considered cotillion, confirmed of rotfkod and Seller shall, at closing, be Charged an amount oquai to
205 the last 0$1Fmalo or ae BOSSMOnt lot the IMPre>+ernent by the public body
206 N.INSPECTION, REPAIR AND MAINTENANCE: Seller warranls that the caning, fear (Including the 101t" and Sof"131 and exlOrior and
207 in,oehar walls, JOUndallpn, seawalls (or equivalent) and dockage do riot have any Visible Evidence of leaks, water damage or structural damage
206 and That the soptio Tank, pool, all appliances, mechanical items, hoa(In g, cooling. oloctfltal, plumbing systems and machinety are In VYofking
200 Condition. The foregoing warronly shall bo Ilmllod to the nems SPadlfed unless elherwlsO pravidud lA an addendum. Buy*t may, of Buyer's
210 expanse, have Inspections made of [hose Items within 20 days after I"Effacllvo Dale, by a firm Or Individual sPoclPlitmg In home inspections
211 and holding an occupa.11onal ACeOSO lar such purpose (If required) or by an apprapriahOly licensed Florldo contractor, and Buyer shall, prior
212 to Suyor'& occupancy, but not more than 20 days altar E Ifecl]ve Dale, FDporl Jn writing to Seller Such items that do net moot The above Standards
213 as to dafec.ts. Unless Buyer hlmely reports such defect%, Buyer shalt be doomed to have waived Sollar's warranlies as to defects net repOftOd.
214 11 ropffirs or replacements are required to Comply with this S13111Dard, Seller shall cause themto be made and shall pay up to the amount
215 provided In Pafegfaplk XIII (b)- Salver Is not rogOlad to make repairs or replaeankonts of a Cos met In Condition noires& caused by 0 dolact Seller
210 Is responsible to repair or replace. II the coal [of such (Door( Or replacement excuods ilia amount provided In Paragraph XIII(b), Buyer and Seller
217 may elect to pay such excess, fading which either patty may cant of this Contract If Seller Is unable to cortecI the defects print to CION Ing, the
218 coal thereof shall be paid Into escrow at Closing. Sailor shall. upon ruasortabla nolico, provide utl,lllom service and access in the Property let
2$9 Inspecleas, including a Wa,k-lhf-ough prior to closing, to contrm that all nems of personal properly lira On the (sal properly and, subject Io the
220 foregoing, Jhal all requlrod repairs and roptacoments Prove boon made and that the Property. Including, but not limited to, Town. &,rubbary and pool,
221 If any, has Noon maintained in Ilia condition existing as at Elfacf,vo Data. ordinary west and Iger OKcOPIed For PurpoSOs 01 Ifus Contract fa)
222 'Working Condlilan' Maori& opmallog le the manner In which the Item was designed to operate. (b) 'Cosmetic Condition' means aesthetic
223 Imperfections that do not alf OCt the working condition of the nem. including, bill not limited ,rt. pitied rearcite, missing or tern screens; logged
224 windows; fears, worn spots, or dlecaloryllon of floor aeyerinQ&, wallPapar, of window lreatmonl5, nall hales. Sctatehos. denim, scrapes, chips or
225 caufkmq In ceNings. walla. floorings, fixtures, of mllrors; and minor clacks In floors, silos, windows, dnVOway&. Sldewalki, 01 pool docks, and (CI
226 ciackad real thee, cutting lir warn Ihinglas. of limited root 1110 ShaN not be Consld fired In facts SOIIQf 11111&1 repair Or ro PIOCO, lie lung as IaOV0 I; no
227 evidence or Actual looks or leakage lir structrual damage, but mis sing tiles will bo Sailer's rospons lbrtlly fQ replace or repair
226 D. RISK OF LOSS: If the Properly Is damagod by fire or otherCasually befefs CIO&lnp and coal of ro&torallan does nol exceed 3% of the
220 assessed valuation of Ilia Properly SO d311113god, cost of raslorallon Shan be on obhgallon of Sailor and closlng shall proceed pursuant to the
230 terms of this Contract with fosloratl'On coals o5orowod at closing. If the Goss al restoration excoads 3% at the D%Bassa l valuation of the
231 Property so damaged, Buyer Shall have the option of either laking the Praperly as ,s, together with oithor the 396 Of any Insurance prpco*ds
232 payabfo by virluo of such loss Or damage, or of canceling Ilia Contract and racalving return at The dapostlisl
233 P -PROCEED$ OF SALE, CLOSING PROCEDURE: Tho doed shall lie rorardad upon clearance of funds. It An abstract of Atte has boon
734 lurnlshed, evidence of Illle shall be continued at. Ruyer's expense 10 show Jinn in Buyer, Wallowany encumbrances or change which would render
235 Sollar's title unmafk Rlable (rem Ino date Of the last evidence. All closing proceeds shall he held In oscrow by Seller's attorney ar other mulualty
288 acceplabla escrow agent lot a Period of net mato Than 5 days after closing dale. 1f $Oiler's title is rendered unmarketable. through no fault of
237 BUyer, 01I Shan, within Ilia 5•d0y Period, notify Sailer In writing of the dolact and Seller shall have 30 days from 6210 OF receipt Of spch
238 nollflcation to cafe the defect. 11 Seller (ails to timely caro the defaCt., all doposnis) and closing funds shall, upon wrnlen demand by Buyer and
239 within 5 days after demand, he returned 10 Buyer and, slmultan OQUSly with such (opaymenl, Buyer shall return the pars01131 property, vacate the
240 real properly and raconvey irks Property 10 Sollef by special warranty dead and 1,111 of sale If Buyer falls to make timely demand far refund, Buyer
241 shall take title as is, waiving all rights against Seller 85 to any mletvondng dr act except as may be available to Buyer by virtue of walrarillas
242 contained in It10 doed or bill, of solo. If a portion of the purchase PrIOO 15 To be derived (rem Insld,utional Financing or relinaocing, roquirenionts
243 of ilio lending institution as to place, time RI day and procoduros 1'or closing, and for disbursement Of nurtgago proceeds shall control over
244 conlrery provision In this COnllaCl. Seller shall have lha right to raquife from the lending m5lnuilolt a written commitment. that 11 will not
245 wlthhold dlsbursemBnl Of mortgage Prec a Rd$ a$ a (Olin, ar any Inln defeat Alt„3nlabls to Buyer mortgagor. The escrow and closing procedure
248 required by this Standard shall be wriNfid if the Jilin agent Insures advalau manes pursuant to Section 627.7541., F 5., as amended.
247 O. ESCROW: Any *&Crow agent ('Agan[') racorving lunds Of aquivolont ,s oulhotlzod and agrees by acceptance of "hem lc d2POSn (hent
248 promptly, hold same In oscrow anti, subject to elearanco, disburse there In accordance with forms and conditions of this Conlract Failure of
240 funds to clear shall not oxcusb Buyol'% performance. if in doubt as to Agonl'S datios or liabilities under the provisions of this Conlract, Agent
250 may, al Ag ant's ofillon, continue 10 hotel Ibe subject matter or Ilia escrow until the parlios horOIQ Patna to Its ai5bnfaeelem er 0.111 a lodgement
251 of a court of competent )urlShcc Flon shall dutormina the rights of ilia parties, or Agent may deposit soma with Iris Clark Of lh* circuit Court having
262 Jurisdiction of ilia dispute. Upon notifying all parties concerned of such action, all tiarkilily all the part of Agent shall tufty terminate, except to
253 the extent of accounting for any [toms pro viounfy dallvdrod out of escrow 11 a Iicansfid real estate broker, Agent will comply with previsions of
254 Cnaplaf 475, F.S , as omandeo. Any Buil. between Buyer ani Sailor wherein Agent Is made a. parly boceu$0 at acting as Agent rkeround Or, or in any
255 Suit whorfn Agent Interpleads ilia subject matter at the escrow, Agan[ shall recover r00$Onabia atlornuy's tees Find CQ&,s Incurred with those
256 amounts to be paid Irani and out of ilio oscrowod Iunds lir equivalent and C110rged and awarded 05 Court Costa 111 f3vOf Of the prevailing patty. TOO
757 Agaof shall not be nahle to any pally or person lot miadolivory 10 Buyer or Sailor of nems SgbjOCI IQ Ibfi OSCrOW, unless Such MISOR,ry Ory 19 due la
258 willful broach Of The Provislons 01 this Contract Or gross neuligon.co or Agent.
250 R. ATTORNEY'S FEES; COSTS: In any 6090Tron, Including broach, enforcement lir latelptatatien. aflsrug Out of 11115 Contract, the provoding
260 party In such II(Natlon, which, lot purposes of this Standard, alkali Include Senor, Ruyer and any brokers a -ling In agency or nonagOncY
201 foiallonShos authgrizod by Chapter 475, F.5_ as amandad, shall bit enlilled 10 recover from the nQn•provalJYnQ {. v roloonabde attorney's Ida$,
282 costs and expanses
203 S. FAILURE Of PERFORMANCE: TI Buyer falls ,o perform this Contlacl within tho time specified, including payment 01 all JUpoSlls, the
264 deposit(s) paid by Buyar And dopositisl agreed to tie paid, may be recovered and retarnuO by and lot thu account of Sulfur as agreed upon
205 liquidated damages, consideration lot Itie execution of this Conlract and In foil settlement of any claims; whereupon. Buyer and Sonar shall be
266 folteved of all obligations under Ihls Contract, lir Sollo7, at Seller's option, may proceed In equity to oriforCO $en Or'm rights under (Fill Contract If
267 for any reason other than tenure of Sailor to mike Sollar's title ma(ketab,o altar diligent effort. Sailor lan5, neglects Or refuses to P000-1 this
266 ContiOcl. Ruyef nlay Sault 5PB001c performance Or elect to feCOlva the return of Seyor'& d6posn(s) without thereby waiving any acllon for
289 damages resulting from Sellar's breach
270 T. CONTRACT NOT RECORDABLE: PERSONS BOUND; NOTICE: Neither this Contract nor any notice at it shall be FOCO140 '.,1 any public
271 roeards. This Contract shall bind and holo to the benefit at thu parties and (herr Supp QSSOrS In lntureal W tlOAOVOF trio context pe(mns, singular
272 Shari include plural and one gander shall iecluda all. Notice given by or to Inc attorney for any party shall be a5 effective as If given by lir to Itlal
273 awry.
274 U. CONVEYANCE: Solley shall convey title to ilio feel PrppOty by Stalul Ory warranty, tfustoe'a, personal ropre5RnlAUVO'S of guil'dhall's deed, as
275 appropriate to the status of Sellar, subject only to matturs COmIllif ld In ParaQrOph VII and Sheso otherwise accepted by nuyor. Personal )000fty
270 shall, at the request of Buyer, he lran5larred by an absolute bill of sale wills wp+tanly of tltfn, nhl-r 041.” In su[li Mullis as o. rr.lmr>`+ve
277 provided ror horoln.
1 1, 1' r. +h D re r. L'ur tiT r: r ; ! sr o, p+.esar,i agruumiul" up roprosontatioa5 shat, ba binding upon Buyer or Sailor unless included 1n this
77o Ce i ol. N modlflcatlon ,o or change In this CO*"fac, shalt be valid or binding upon Iho Parlids unlOsa In willing and oxocuted by the party of
260 parties Intended to bo bound by It.
281 W. WARRANTY: Sallar warranls that tharo aro no lacks known to Sullor malorlutdy 1flocling Ilia valun of FIJI) Prepelty which are not rOadily
282 obs1e]r`vrxblo by Buyer or whIch Have not boon dlsoto Sod to Buyer
auy4f {tel k 3y_ ) ( --) and Sather (jr e-1(__ ) ackoawladgo racehpl of a copy of tills page.
FAfI!'Snf 5 nar. F,,ia& COPYRIGHT 1498 THE FLORIDA BAR AND TtiE FLORIDA ASSQI NATION OF REALTOR.S01
This farm Is licensed for use with Fonnw4lntu a Forms, Software by ISG McAllister Publishing, Inc. 800.336.1027
40
CI
40
9M9' l Sn-LS%V 311! '`JMO Qd9V
d I
Q\[V d
All f c
3 r0 N
a,
e v a z
U ❑ 3 N :) 6
�
h o12 j5
' E o
4 4
3'd ttNr
v y„
1t IFI � N Y S[
fly-• Q T ti
I1^G rf%'�
uL�
°
7
°.a° q
La # = a
e o
0 2
Q 4 �y00 nv
Z j mom °c,
r]t V1 q `� n
z phi �.j vo° qa'c
V 2U1 p U q
d
o la.
00
a4o0 d
I I ut41)
18 oo lj 7 a
i.�� �l0 a a 1° Vi IS
c'L4j t7} C77 Iti
gnCP OL
z� GOOy[3 \ � j Wim- � Eco mN
1� ' d d
� (0 t�yGlc GO u$ o d __ Eo mm
jT. �� ig5 iq Ljj m veao °FL
0
ry� y N Oa c -00 w,
Ou
o
.E a_LA
/ 000
HJGHW'�y I x o�y ma`s .�,.
a ..40 Ern rt,c
a
E• 1X1 +-� � d°N� �`� E�
.... •/ 1[ I I I. __JId'- L E 4
cc
• � W � � 1III�LLLLIv�� U G