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HomeMy WebLinkAbout2000-1004D 40 40 +" T1its'FORM 04AS OFFMAPPROVeD SY THE •y y FLOR113A ASSOCIATION OF REALTORstD AND THE FLORIDA NAR, rontrart for Salim and Purchase /C FLOP?IDA ASSOCIATION OF REALTORSO AND THE FLORIDA BAR '1 PARTIES:___- Ruby_8_Tbacaton 2 of 3.744-5th-Str*sL (Phone) _562-4833— '3 --562-4833 '3 and .of -the Beata of Florida 4 of 104Qh .Btlraat�af0�aarih�F.or-idi 12964-. -- (phone) 6 hereby agree that Sailer shall sell and Buyer shall buy the following described real pmporty and personal property (collertivofy 6 'Property" pursuant to the terms and conditions of this Contract for Sale and Purchase and any riders and addenda ('Contract'): 7 L DESCRIPTION: '8 (a) Legal description of the Real Property located In tldiatl_81Ysx lszur4t y, Florida- County, Flodda: 9 sae Lslias`-tQ-and _madn 10 -- ---- - -- --- '11 (b)Streetaddress, city,zip,ofthe Property is: �37a0._5th sltl-not Sl_ ii[Fria&JW_ Right -pf-Way '12 (c)PersonaI Property: - Nona. Sonat ft,9-3 Percal No. 22-33-34-0007.-0064-00607..9 13 _- 50, x 81@.81 conEainin+a-1 _J_J0.uquaro feet ox• 0.25 acroa, 5FX ADDIINDIJ4. 74 P1analit Note r- This_cont:Alr klsbj tio Illclinn Ii1YaF County_opDJro7CCdl----- - 15 It. PURCHASE PRICt:�:....,................................... ........... .......,.....,..,.......... ..,.,,.,..,,.,,..... .............................................$ 10:052.00 16 PAYMENT: '17 (a)Deposit held in escrow by NI11 (Escrow '1s Agent) in the amount of.................................................................................................................................................$ -0- 'f9 (b) Additional escrow deposit to be made to Escrow Agent within _ days after Effective Date (see '20 Paragraph IiI) In the amount of .................................. ................ __........... ........,................ ............ ...,............................ $ - - -fl- '21 (c) Subject to AND assumption of existing rnodgago In good standing in favor of _NIA 22 having an approximate present principal balance of- -0- '23 (d) New mortgage financing with a Lender (see Paragraph IV) In the amount of ................................................$ 4- '24 (a) Purchase money mortgage and note to Seller (see rider for terms) in Ilia amount of..................................8 - '25 (f) Other: S -0- 26 (g) Balance to close by U.S. cash or LOCALLY DRAWN cashiers or official hank check(s) subject '27 to adjustments or prorallons .. ... ...............$. 14 05230�- 28 Ill. TIME FOR ACCEPTANCE OF OFFER; EFFECTIVE DATE; FACSIMILE: if this offer is not executed by and delivered to all parties '29 OR FACTOF EXECUTION communicated in writing between the parties on or before March 30, 200!3 _, the deposil(s) 30 will, at Buyer's option, be returned and this offer withdrawn. 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 he the date when the last 32 one of ilia 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 erigfnaL 34 IV. FINANCING: '35 X (a)1bIs is a cash transaction with no contingencies for financing; '36 El (b) This Contract is conditioned on Buyer obtaining a written loan commitment within _ days after Effective Date for 37 (CHECK ONLY ONE): [a fixed; Dan adjustable; or ©a fixed or adjustable rate loan in the principal amount of '38 $ NIA , at an initial interest rate not to exceed % , discount and origination fees not to exceed % 139 of principal amount, and for a term of — years. Buyer will make application within _ days (5 days if left blank) after 40 Effective 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 fails to obtain a commitment or fails to waive 42 Buyeris rights under this subparagraph within the time for obtaining a cummitment 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, may 44 cancel this Contract and Buyer shall be refunded the deposit(s); or '45 El (c) The existing mortgage, described in Paragraph ll(c) above, has: El a variable interest rate; or ❑ a fixed interest rate of '46 % per annum. At time of title transfer, some fixed interest rates are subject to increase; if increased, the rate shalt net '47 exceed % per annum. Seller shall furnish a statement from each mortgagee staling the principal balance, method of 48 payment, interest rate and status of mortgage or aulhorize 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 '51 S (I % of amount assumed if left blank), shalt 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 mortgagee makes a charge in 53 excess of the stated amount, Seller or Buyer may rescind this Contract by written notice to the other party unless either 64 elects to pay the increase in interest rate or excess mortgage charges. '55 V. TITLE EVIDENCE: At least NIA days before closing date, (CHECK ONLY ONE); E] Seller shall, at Seller's expense, deliver 156 to Buyer or Buyers attorney; or X Buyer shall at. Buyer's expense obtain (CHECK ONLY ONE): ($[abstract of title; or Icxlitte 57 insurance commitment (with legible copies of instruments listed as exceptions attached thereto) and, after closing, an owner's 58 policy of [ilia insurance. '59 VL CLOSING DATE: This transaction shall be closed and the closing documents delivered onorr beW-n""aya-, 60 unless modified by other provisions of this Contract. From a f: feet i ve date ( See Sec III ) 61 VII. RESTRICTIONS; EASEMENTS; LIMITATIONS: Buyer shall lake title subject to: comprohensive land use plans, zoning, 62 restrictions, prohibitions and other requiromenis Imposed by governmental authority; restrictions and matters appearing on the 63 plat or otherwise common to the subdivision; outstanding oil, gas and mineral rights of record without right of entry; public utility 64 easements of record (easements aro to he located contiguous to real property lines and not more than 10 feel in width as to the 65 rear or front lines and 7 112 feat in width as to the side lines, unless otherwise stated herein); taxes for year of closing and 66 subsequent years; assumed mortgages and purchase money mortgages, if any (if additional items, see addendum); provided, 67 that there exists at closing no violation of the foregoing and none prevent use of the Property for Riaht-of-t4ev 68 purpose (s). 69 Vill, OCCUPANCY: Seller 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 ilio tonant(s) oroccupents shah be disclosed pursuant to Standard 71 F. Seller shall deliver occupancy of property to Buyer at time of closing unless otherwise slated herein, if occupany is to be 72 delivered before closing. Buyer assumes all risks of loss to Properly froln date of occupancy, shall be responsible and tiabte for 73 maintenance from that date, and shall be deemed to have accepted Property Irl its existing condition as of time of taking 74 occupancy unless otherwise stated herein. 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 [hem. 77 X. RIDERS: (CHECK those riders which aro applicable AND are attached to this Contract): '78 E] COMPREHENSIVE RIDER D HOMEOWNERS' ASSN. Ll COASTAL CONSTRUCTION CONTROL LINE '79 El CONDOMINIUM D"AS IS" C..l INSULATION '80 E] VAIFHA [A LEAF] - BAS E❑ PAINT (_) '81 XI. ASSIGNABILITY: (CHECK ONLY ONE). Buyer []may assign arid thereby be released from any further Irabtllly under this 182 racl; E) may assign but not ba rolea tie limbi Illy,alnder this Contract; or D4 may net ossagn this Contract a flyer I *" and 9alrer I _ 11l I .0it.wlridgir rocalpf ar acopir of 'his r•9s. FARMAR-6 Rev. dr96 HIDERS CAN BE QarAINE0 rRo 1114E rt.eRIOA 04550CIATIOPJ OF REAlTURB& OR TIIE F1.DRinA RAMI This 'IURn IS Ircdnn✓.rt for u"wv with Farrtsalllstor' romra sdtrwalr. by ISG McAlllslnr Publishing, Inc M3 330 102? 4D SS X14 t 1.OSurES: 84 (a) Radon Is a naturally occurring radioactive gas that whol1 accumulated 1n a building in sufficient rivan9rties way pTGsent 85 health ri&M to persons who are exposed to it Over time, LOveln of radon that exceed federal and stele guidelines have been 86 found In buildings in Florida. Additional Information regarding Radon or Radon testing may be obtained from your County a7 Public Health unit. Be (b) Buyer acknowledges receipt of the Florida Building Energy -Efficiency Rating System Brochure. 9$ (c) If lila real properly Includes pre -1978 residanliat housing then a lead-based paint rider Is mandatory. g0 (d} If Salter III a 'foreign person" as defined by the Foreign investment in Real Property -tax Act. the partlos shall comply with 91 Ihal Act. 92 (0) 0 Buyer will be obligated to be a rriemberof a homeown0rs'assoeielton, BUYER SHOULDNOT EXECUTETHIS CONTRACT 93 UNTIL 13UYERHAS RECEIVED AND READ THE HOMEOWNERS'ASSOCIATION DISCLOSURE. 94 %III. MAXIMUM REPAIR COSTS: Seller shall not be responsible for payments In excess or: 95 (a) 5 stilt for treatment and repair under Standard D (if blank, [hen 2% of the Purchase Price). 98 (b) y ------ II/S for repair and replacement under Standard N (if blank, than 3% of the Purchase Price). 197 YIN. SPECIAL CLAUSES; ADDENDA: If additional terms are to be provided, attach addendum and CHECK HERE 04, 98 IPV. STANDARDS FOR REAL ESTATE= TRANSACTIONS: Standards A through W ail the reverse side or attached aro Incorporated 99 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 0EEN APPROVED BY THE FLCRI DAASSOCIATION OF REALTORSO AND THE FLORIDA BAR - 103 Approval does not consul ufe an opinion that any of the terms and conditions in this Contract should be accepted 104 by the p,arf!" in a particular fransaction. Terms and condiflons should ba negotiated based upon file 105 respective interests, objecfives and bargaining positions of all interested persons. 106 COPYRIGHT 1998 BY THC= FLORIDA BAR AND THE FLORIDA ASSOCIATION OF REALTORSO • 107 16 aAr° -IAl Q o = 108 (Buyer) Fran B. AdBffiB; Chairman (0010) "109 Socl 0i%ityorTaa�x I. #._ B aionaF� Social SecurityorTax t.D.tt�_ — •110���`�_ }^: �� 23 01'1. `111 (Buyer) Ronald L. Callahan, S.R.A. (bate (Senor} (Date) '112 Social Security or Tax I.D. # Co, -Richt-al,-tVAY AraBnt Social SecurityorTax I.D. # 113 Deposit under Paragraph 11 (a) received; IF 'OTHER THAN CASH, THEN SUBJECT TO CLEARANCE. 114 H (Escrow Agent) 115 BROKERS FEE: The brokers named below, including listing and cooperating brokers, are the only brokers entitled to 116 compensation In connection with this Contract: '117 Name: NIS— RIA 118 Cooperating Brokers, if any Listing Broker 119 STANDARDS FOR REAL ESTATE TRANSACTIONS 120 A, EVIDENCE OF TITLE:(I) An absiract of 1111prepared or trough( Current by a raps'" 121corllllao as correct by an existing firm) purporting to be an accurale synopsis of Ito in 122 the public records of the county who(aln Ilia real pFOPDfIY is located thfodgh Efleotivq f 123 Or such later dale as may be tuslomary in the county. Upon closing of Phis COglfact, in. 124 Iho (lghi of retention thereof by first mortgages until fully pald. (2) A Iltt insurance 125 agreeing to Issue Buyer. upon recording of the deed to Buyer, od ownor's policy of tills I'•st1,An River Courtly art R•.ri'r:O P.C..A 12% Buyer's title to the coal properly, subject only to Plans, oncumbranCas, OxCsptlons or 127 dischargod by Seller at or belera closing. SCIPsr shall convoy marketablo title 5ubloct c 128 pros^Idod in Ihis Contracl. Markeloblo utM shall be detormined according 10 applicable s / I$ I 129 and In accordance with law, aeyor sopit have 5days Prom dale of rocoiving evidence , -------•-1_ I36 shall wilhln said 5 days notify Seller In writing specifying the ddrect(5). If dalacl(s) I �r �.2 131 reenipi of P, JCO (0 ramevd the de(OCls, failing which Buyer 64461, within ileo QS) days all -.,._r. I 1a2 natbca to Seller oithc(: (Ii extending (he time for a reasonable period not Pe exceed 1 ' {� .h7�'- O 133 remove Iia defects: or (2) requesting arefund of depsslt(s) paid which shall be ImmediE- 134 Buyer stall be deemed to have accepted The trio as It Then Is. Sopor shalt, If trile is lar 135 within kilo time provided therefor. II Salver Is unable to Umety corroct the defaces, Buy. I 3 deposil(6), thereby feleasing Buyer and Seller Prom all Inflict obligations under Ihis Col Z 137 5 days prior to closing. Buyer may extend closing dale so [her Buyer shall Provo up is ? •A-:^Y't'r'•r'''f 136 same In BCtordarica with this Standard. 130 U. PURCHASE MONEY MORTGAGE: SECURITY AGREEMENT TO SELLER: A pure 140 provlde far a 30 -day groco porrod In the event of default II a first merteags and a 15 - - 141 provide for tight at PFOPAVMsnl In whslO Cr In pori whhout penalty: 511011 permit accolora 142 an prior lions and encumbrances to be Rapt In good standing and torbld modlflc allon5 0# 143 Buyer to maintain policies of Insurance contalning a standard mortgagoo clauss cover!, 144 FIFO and all perils included within the term'exlonded coverage ondorsomsnls' and suet 145 to on amount equul to their highnel Insurable value; and the mortgage. nate and sucuhty t 146 by Seiler; but Setior may only roqurrs clauses and Co'varago customarily found in Monte 147 oklizod by savings and loan institutions or stale Or n.11onal banks localoo In the cc 148 property and 182509 being CeOr assigned wlll, at Seller'1 opilon, he sublocl In tho hien of a socurlty dg(o0rns01 evW*need by recorded nvOyod 149 financing statements. if a balloon mortgage, the final payment will OxCsed the periodic paymool5 thornon. 154 C. SURVEY; Buyor, at euy0r's exponsa, within time allow0d to deliver evidence of 111h, and to examine same, may have the real property survayed 5G1 and Cern(Isd by a ropisterod Florida auFvoyar. If file survey discloses encroachments On the foal properly or that impruvum*nha located kharoun 152 encroach 00 setback lines, easminanls, lands OF others OF violate any restrictions. Csnlract covanante Or applicable pOverorouir 1 regulalren, the 153 same shall constitute a title dole Cl. 15A 0. TERMITESIwOOD DESTROYING ORGANISMS: Buyer, at Buyer's expense, within file 0010 allowed to deliver evidence at title, may hove the 155 Properly lnspscted by a Florida Carllfled Pool Control operalor ('Operator') to dOtonMlne 11 lhOla 45 any YI51t}Io pcllve' 14 rmne InfeblalYan of 15B visible damage Frohn tsrmrto ioreslallon, excluding forces If Daher or bath are found. Buyor shall have 4 days from dale of written notice thereof (57 within which Po have cost o4 lraalmonF. lr required, estimated by the Gporatar and art damage FOspecled and asilmatu'd by a licunsud builder or F58 general cbnlrOClar. Sailor shall pay valid costs or Iroelmeni and (*pair Of oil damage up 18 the amount provided 111 Raragrapri XIN (a). It 150 estimated coals exceed thot amount. Buyer shall have the option at canceling this Contracl within 4 days 011OF racolpi of contractor's repair 100 estimate by ghving wiliton notice to SnNUF or Buyer may Ouct IO pfasaod with the I(ansactien, and rocotvo a Credit al closing on tho amount 101 prvvldod In Pa,ogroph XIII (a). 'Termilas' shop be dc -mad 10 Include a7i wood duslroyrng ergsnlsrns roqulrod 1e 40 fpparisd under the Florida Post 102 Central Act, as amondod. IB3 E. IN ORE SS AND FORE 551 Sailor warrants and Fspfesants 11131 there 15 ingruss and egfosa to Its cool properly aurrii:lenl fug intended use 194 as delCrlbod in Paragraph VII heraur. Mlle In which Is in accordance with Slandard A 105 P. LEASES: Solley shall, sol less Ilton 15 days befafe c1051ng, furnish la Buyer Caples OI all wrrlisn leasaa and asloppel tellers Prem soot 198 tonanl spacilying RIO nature and duration Of file Fonarll's occupancy, rental rales. advanced rent and security deposit paid by too,aill. II Salle, Is 107 unableto atlata such Pallor from oach tenant, the some Information shelf hn furors Piod by Sellar and euya( within that time period In Iho formal a 199 Seller's sfildavil, and Buyor may 11,00011lar contact tonanl to Csnhrm such infnrnlaltan Seller shall, Al CIo51ng, deliver and assign all Original 199 looses to Buyer. 170 G. LIENS Sallbr shall furntah la Buyal at (imu of closing an allidarrt atialtmg to file absence, unless Olhofw118 prsvhded (of heroin, OF any 171nnancing , llatenlont, claimof tion Of PDIOnl101 Boners known to Seller and furlhar nliesttng Ilial there have boon no wiptovemonts no Porous 10 172 Ina real prgp*rty lot 00 d*ys lmmadlalaly Praceding dal* V1 41eS h'd 11 the reed propofly 6411, boun Improved or repalrad whthln that Irma, Sollor Buyer I _ -if- I and seller 1_._.. 1 I- — _ _ P sctnow Ndge receipt Of s COPY of this pass. r ARrBAR.5 Raw Sf9S RFuERSCAN BE OBTAIHCO FROM'ltfC FLORIDA ASSOCIATION OF RBALTOIi::S- Oft Till, FLOR40A BAR Thin form Iv I,c+ ,lV.,ll lvr urea, "th F437TI MLptar's FRrrrre n gth%xre by ISG fdcAlllslel Publetlmg, lilt 600-3I0 tO� r C-1 40 40 40 Its Ahau Jdrr+r ratlan nd by e" 9ineral enol recfarr, +utrc nntrac l„�, I VPG'"11•..1 =t rrV li1le11freM M A7dlIlhM tT4 to E4Nir'+ Yle" arfidetiM sailinga( Igr/h Ina e*is eF sal.6fe of eOnilrvc"seas* 111on+ all e4ecuta such Qens'il fOnlfatlnre. *WPL ante eVl rrre +WDpI'rale and Mal er°Il mfrs, ItlY Yfhaf efllrlA"g fs'e1 1 F7 211 crergaf 10, lfnp°o-"Of$ reParcs wnrph could terra a* a balls for A 'Origin f Cf 1911 IIA" of d a141m lar' di magas ne.e fro*. Joe”] QI #Ill as patla l?a al the closing *I on's C*nlri Cf iII R. PLACE OF 0"",d: Cies'"q shall be held'. the County #harem Ih.e reel properly It I.c Mled et'ne plfra* of 1ni AltarMey OF 01111419 CIOtIng 1T0 e4arv1;°GlOsinq Agec') desrgneted by boiler 1 f4 1. TIME: in campehng rine Periods Of Inas Than sir 171 days. SAlurdsYs. Sundays and slslR "r nehunel gegM helldayo mall be a+eluded Any limn 400 pehods provided for harem which shalt end on a Saturday, Sunday• or a legal Botany shall ".fend roe a6 p m of ilia next ouliness they Time Is of isl the eeeence In this Cohlract. pili al sale, t,dnstfaLllen IInA allldevll, 4#nnf'e Po*sa$eivn pe}YAavil, "s sign Ok4nte of 107 J- CLOStoo DOCUMENTS; Scher split furnish the load, 173 lease*. te"a"l sd rndrlgegna ottopRAl letters and ddffactive Inslfg mgnls Buyer sBAIN IurAle11 alnstlng stalamanl, 1-11909 11- fM1OH gees hale, 174 .ecufl ly agreenleN and Ilooncing slatam6nls 155 K. EXFBNSEs: and slemps an the dead end reCordlnq of cartedllvI inortgagese efe? Insurance b" pace by Salley w No "dal stamps an 107 intangible q al on Ilia mgnaY mo Money nal and any ild 1p Sn110 � dand and moan Lpog 0larameais in,1Iglab�e paid by BuyerUn ass Iolh1nrw161n l,pro4 sed byelaw or ASE fleet to lhle ConlrOC 1, chsrgas for Ilia Iol,owing related title services, namely hila or abstract Lhafga, rifle rix pRllnalnn, and s0119Ema111 154 a ld closing foe, shall be paid by the patty resppnslbla ler IurnishnU Ito title uvldonce in accordance will, PAragraph V too L. PRORATIONS,, CREOI')S: Taxes, assessments. lint, Interest, Insurarioo and 011101 exPensa$ nI ilio abid, I Property seen be prorated mi shat lbe los day bell*ra closing. Buyer shall have the oplloB 01 taking ever Existing poliLlss of InSUFS"ta- If assumpbl+l, In which ovens premru ma span y. 142 Prorated. Cash at closing shall to increased ar decreased as may ha required by proratlOns to be made thvaugb day prep+ Ia coslnq, ler acadpenc. e 143 rf vacupanpy occurs boloFa cosies AdYentn tall, and secuhly deposits will be cradlind to euyor. Escrow deposits hold by marlgagaa well be 141 dledlied to Solicit. Taxes shRll bq Pfarald bo.dd nn the current year's tax with duo 9Nowa"CO made for maximum allowable discaunl, homaslaod 190 and Olhar esvmptaRs. If Closing occurs a1 0 data when the current your$ millaga Is not fir oil and current year usseesmant Is available. texas 190 w d be ere xem based aeon such oasasa+Wool and prior year's ml'lagn. it currant yvaf's assessnonk is not available.. heti to. s will be pforaleit 127 an prior yeImpravomanls an the real Property by January rsl of year dl closing, which lmdntworn net In ar's tax. IF (hare are Completed log existence on janualy I&I tgg upon between the parties: f aplrinq whichrior yeal, ! roquoslE shall be made tohen 10)(5g he County shall be proratd based aPIOPlErr{y AppraisergFor an InfnrmalvA'sfassmonl I sa%sm 1 kinglnlp 9CCpUnt 200 available oxempllorss. A tax proration based on an a(lmaro shall, at request Of either party, be roadlustod upon receipt or lax bill on condllion 201 that a statement to that a(foct is signed at closing. 202 M. SPECIAL ASSESSMENT LIENS Cottlfl6d, donhrmud and ratNled epoelal assessmanl Cion! leg of darn lee closing foal lei of E1lohllYe Dalai 203 are to be Palo by Setlor. Pending Ilona as Of dale Of closing shall be as"'t"ad rtoyatified findBuya II Sell Yr shall. mo n, hal baps hn,fed inlay Completed as 264 of £flecilve Oat*, any pending lion eharl be Considered Cottfred, Confirmed ler rniftlod and Seller .Ball, 81 elosinq, ba charged an small"' actual la 205 inn tact as or as sassYn.enl for the improvement by IhE public body and 205 20'5 1M. IN(topwalTs Dloa d21Pi nl RS AMD oawall AINTE can �:ano Or kagoadusn latae+] any the telling, ho Evidence logs oaks, water damage �of )st structural rdamage 207 and Ilial Ilia aaptc lank, pool, all appl ancas, machomcai Items, healing, cooing, aloctrlcal, plumbing syslvms and machinery are In Wpfkinq 209 CodNleaha nThe Ynst ac lions made ler Ihasob4 emslimited wllhn 20 days of ler al Bei Elf Otted pkvo Date ss rby a lirmcolndividual sPacd In all leiiringum uY "shome i sr may, lPo Clone 210 expanse, P and Buyer shall. prior 210 and holding an occupational Blanes par such Purpose log fe4ulred) or by an appropriately licensed Florida coni tactor, the 212 10 buyer's occupancy, but not more than 20 days after ElfaBu er fah all be¢doomed ort in rtonhave WDIVcd Solier's warg to Sailor such Items aranlr so Bs to ldefoc sonata roport dt 213 as to defects. Unless Buyer IlmEly reports such deject this Slandord, Saner shall pause Thom to he Okada and shall Pay up to the omoun( 214 IF repairs Or replacements are required to comply 215 provided in Paragraps X111 [b). Salrar Is not required 10 make repairs or replacement$ of a Cosmetic Condnld unless caaead by a daSocl SE'neF 210 is res poosibla to repair or FOPlacv. if ha cost for such repair or replacement ex coeds the emaunl. PrOyidud In Paragraph %Ill (b). coyer and Sailor 217 may elect 1p Pay such excess. falling which Either Party may Canc.ol'his Co"frail If Se1loOrvJtla ut Ilnae satvlto vea sad ct IhO daccess to the Property eat$ Prior 10 closing, lION 210 coal thereof shalt he paid Into escrow at Closing. Sellar shah, open reasonable Opera notice. p au Llact to Ills 219 inspocllons, Including a walk-through ,prior to Closing, to carillon that all Items of personal property are on rho real property anshruhbury and pool, 220 taregodng, that ell required repal rs and mplacamanla have boon made nod khat Ito Properly, Including, but not limited to, of no if any, Ices been marnlained In the condition existing as of Effective Data, OF wool and Saar dRcbP{Cgs noise Condition e'Ir1llaana - ,,am lois 222 'Working Gonallld- moans operating in the mannot In which thiin was a„pl 1{tirniiad Por pill do marcily; "lasing p1 tarn scfans; fogged 223 Impartacti(ins {hal do not a'10c the working ctrnaNln a1 the Ilam, g• 224 windows; (ears, worn spots.. or dlshalorat ion of floor eavorinn, wallpaper, ler window Aall holes. a'dewalksp Ors POOL decks{L141 it F 225 taulking in ceilings, walls, Coatings, Itxturos, of mhrors: and m+nor cracks in ItoOfs, tilos, vs 226 CaCkad rdaf tneS, CUrllnq Of worn shlngas, 0r limited ro o, life shall not bE considered delecla Seller must repot( or replace, so long as there is no 227 evidence o4 actual tasks ler laakago or struclual damage tiv'older caaiftg lua1ly will bSof pSailor's loslnOsand clash of festoy 10 ra i nr pleasnot"Coed 3% at Ilia 227 O. RISK OF LOSS: If the Pro party is damaged by 220 assessed valuation of the Properly so damaged, Cost Of oesl0ralleA allotbe an obllgut'on al Seller and Clnsing shall Pro5Ead pursuant as the 230 (arms OF Int$ Contract will, rostorahon coots escrowed at Closing. if the coal ler rae 2193 s`aFa"Coeds alssa% of th ler anysl nsvaluation proceeds 231 Property ao damagoa. Buyer shall have the option 01 abhor taking the property as is, 4elper wC 232 payable toy virtue of such lass or damaila, ler of canCcing 11115 COnlracl and r*halving return of Sha dapasslls)- 233 P.PROCEEDS OF SALEt CLOSING YROCt OURS: The deed shall be racerdad upon c'Oaance of funds. if an abstract hich lhle has hen 2234 35 5eilor'celdho unmarketable from, ho dalebe , of the lasteved at yevidence.n All so lClos ng Proceeds shalt be held n ostrowo show title in Buyer, without any bby Seller's EltarnfMOCOM at oyhor other imcuaUy 237 Occeplebe escrow agent far a period of 1101 rnaro Ban 5 days after closing dal*. Tf Ballet's II110 is rentlprad unmark. eat, Brough no fault of 231 Buyer, Buyer shall, within Ilia 5-dey perlod, notify Seller in waling of The defeat and Solar shat nava 30 days tram data Ot reeelpt of suad 234 wilhiln 3 days sautoite, the it I demaelectnd. bsing fun o ro urnedllor ito Buyer and. Salls to lIpAOlY imultaneously with suchrs the deject, all fropaymontt(sl and �Buyor Shall ds areturn lila Paf.on tanpon 1prepo('yemand y moa8a ilia 210 real pfo,artY and roconvey the Property to Sailor by spot, lel warranty tined and bill vl sale If euyor fans to ma" timely demand lot refund. Buyer (a any ct Oxcapk as may 241 242 shall 110k 11118 as is - died alwaiving al all alahth aqP 0111 vn ofethesputtilasenpricerIS to beoderived from Institutional lfamBneog or fafble to Buyer lllnonleing, ftud requlrgmnts 243 of ha lending institution OF as Io place, limo of day and proCodulv6 (or coang, and for el sbufsemonl of afigage Prppoads shall control Over 244 215 contrary PfOvison int trip COn1ra `proSells,ceds as have result the oe any right t depoclt attFe ributable to Buyorm the lending smorttgagor. Tileeescfownta{ do Closing procedureno that 11 24.5 2d6 required by this Standard shall bO waived rf lila title agent Insures ad Ye FSO "altars pursuant So Section 627.784 t, F.S., aOF $ arrrandad. 247 247 0. ESCRO old says in acrowgent ad[+sueledl lacnivinonap. funds dl5 bursa ,holm d A ent p accordancedWith dlp_rmsoOne CO"C s by (ole try this ICont act- F211UFe Of 249 nay fundclear shall s to option, lexcuse continue to Yhvld Pees b)ecto ml1 in doubt after 01 theaoscrawg until he Pa"I" ha(.n duties Of lat{o a ptmalls ala N$ disbursemnt, the PFQ.!SiUFIS OF t0, unlllhis nar judgemenl 251 10 of a court of compnta."I }urtsdreUvn spall dalarnunO Ilie righls of the parlius, or Agent may daposh same with rho lark ahilly l the circuit caul( havng such 2252 53 theart of extent all the accounting lOUpon oy ,toms inq all ll slParties tinlrvorod Oucancarnet Ol lescraw �IP a licn. lensedlltreale datty an thea broker. Agent willAgent F comply with apga isivn$k at 25d Chirpier 475, F.S., as amondoo. Any suit bot -0011 Boyar and Seller wherein Agent Is, made a Pally because of acting as Agent hereunder, ler in any 255 Cull ier 4 n Agent it af"unds the subsoil matter pl II+e escrow, Agent shall reaevar reasonable allOrnoy's teas ani, costs Inculred with these 257 amount. to be pain from and out of the escrowed funds Or equivatonl Bad ChafgBd and EwaldOd iia court costs Ile Sava, al Ilia ¢(1ya1NM1g Pally The 257 Agent shall not be liable to any party or person lar misdallYaty 10 Buyer or Sellar al items subject to the escrow, unless such. misdalivefy Is due Io 257 willful breach of lou provisions of fills Contract or gross negligence of Aganl loaarising out of this Contract, the prevailing 257 R. ATTORH EY'S PEES; COlchs'IIn vr Out cis o.alofn Ih'S lSttandard bleach. %ball enforcement Ind oSailor nBuyerr ,al nod any $raters uCtng in agency or npnagonty 250 Party In such litigation, - p P 261 relationships authorized by Chapter 475, F S-. as anondud, shall be Both to tecovgr from Ito non-prOvalllnq party reasonable of ah deposit sits, 242 costs Ind exponaas. 273 S, FAILURE OP PERFORMANCE! 11 Buyer talcs to PeFlOfm tills Contract within rho limo specified, tnCluding pay in ant of Oh deposits, e 264 dapasnls) paid by Boyar end depaelt(5} allotted NO ba paid, may be rocovorod and poisoned by and for the accoonl at Sallnr as agreed upon 275 liquids ad damages, consldoratian for iso execution OI lilts G*ntrael and malu pull in tOf a o *nfarcn Sapkai's lights undeyer rOil$ Canlractl be 270 relievad of all obligations and {his ContraO. or Saler, at So11a F'S Option, y p 267 forConoonlytt"L reason Buyerll�klythan su Pk lahure AN pteeifolo mak 0rmuntu O *Black ll title lea EiVal dila rglVaftPn q`Il Buy'or l5 daposnl5li withougthereby waiving any ahrYOnllef 274 tlama glia fasulllnq IFom Sullof's breach 27o T, COHTilAC7 NOT RECORDABLE: PERSONS BOUNCI: i4OTlee -. Neither Ilrls Contras nor any "Chip Of If shell be rvOofdad In any Allklial public 27ufpfil 1 records include ant and Shall hind nntlor Shall ro to 140 all eN o(kfoprollt e given bytile orto The attorney for004J Ihn't any(Patty 511,111 be as ofloc"ve asWhenever I he ccpif given en by or10that hall 273 parly. 274 U,CO 275 apple' N fly by stalulafyAo tato st Pus of Sellar, subject onlylicit 'hall G-Avcy 11110 10 , to m*alerrs conh'ned 10 Paragraph VII Y Bad {hose Oihrwise re Ccrapeed byBuyer Personal pfape ly 776 shall, at the eaqussl of Boyar, be traosla F(0d by an absallde bill of salu with wet+only Of title, subject Only to such mpttets as may be Ballet* lin 2T1 provided for heroin. 276 274 Cnl is PcR 110 modification 'a pin prior of change to Ihl@ Conlr000rl hall beooks of lvalidsof briding upon Ilia Pafltns Unities eIYwtlling Olndrnxe[ulod by thpss dPatty Ill 101 270 parties intended to be bowed by it 2s2 W. WArRRle b Tbuy.,., aSailor w Clralnts that tither dl FO Wad to FactsB fly llwn 10 Seller malerlally alincting the Vghla of lbp I'rnPnfty welch Ill. nal Ines y y ( _ I ■ llnowlWpe xacalpt o! a svPy 04lhle ps0a 5uyu[v---.II_-- _lsea f4eller(_---- —— FARlBAR•0 Rex stga RIDERS CAN sI_ UbTANNEO FROMTNf FLORIDA ASSOCIATION OF RLAC10-1150 OR Ttlt I IOhltlrl BAIL Tfrlw lrarx' Ill llcen%A4 totU%o Wrlth Ipgar ssa4l ntCsa� Fair& Solriyafe by ISG MCA11151i1r I'uL`rlsl Nnq, YrxC 1}0(7 4W Addendum Thornton Contract Concernb,g the properly known as M} Lands 10 440 san►are feet • 10.00 par sq. ft. 8 752.00 - — n Site ImMrovagientat 13 a3trur tree■ 7c 100,09 sash . 1.300.00 Total Purchase Price 3.0 6.52..00 - TERMS AND CONDITIONSr 1 xxintin cuivert pigs under each drivavaY. will be ra laced, at County expenaar 2 Rxistina drains a i e from property to -g-fiS Sub Lateral Canal will be replaced at County Wc2enae 3 Seation of chain link fence on west boundary of_prapart y to be removed r only up to the north boundary of the now right of -Mev line, at CountY exclensor 4 Marl circular driveway, 2 entrances from --luting roadwa to the north ad a of Cha right-of-way_ will remain and filled in to maintain continuous use s at County exxee 5) Existing power Role north of the proposed sidewalk location will not be Moveds b county will remove the exiatin flashboard riser and the G" PVC pima leading into the 2Mperty owner's awale system and aonetruct 20 linear fest of now 12" CMP with a band to the existin9 12" CMP and place a naw flaehhoard riser at the north end of the Rine __ � Ir h,l•1 �'.vf'.+ �4741`ty 4r;n`•lNi .} 6i seta 7- April - A ri l 4 2000 _ SignatureFsAdn a �y Dale - } _ � z3 rte Signature Ronald L. Callahan to 5ignaSvre Ruby S. Thornton Date Signature We --- - - The. loon ,s Ilconwd to, use v th 1F=rvW"J11lR61r* Forms SoRwara by )SO McAllWor Publishing, Inc 800.336.110.27 dD 40 4D a c m c7 ry 1°�rl Oz 0, ti (i' cn 0p?in p 0 Ln to ro n3 s3 cci.`°�vo7 0 P' !0 N SD p C)O rD z c� v, Sao ? -r , r�a ro ro ?? -(qt'.) c Pon Q m ro �r CD �.0 ro c ry :- 3 �.P 3 _{ co � COLa 0 9 n o (A 7�° au}mUro C. n 1710 qa :c a LM am CL � ... c�3" oro q Gr1 W O+n d ro u 0 C [n [1. O D C Nom. C ro� o m ry N -°c n C J r- o cZr � c :r F9 00 �rvo p• c00 30' cn °� c'i w w - C7 P co Q na :- (D o n '0 N � o a� m a a to ra - �nro a o 0QV) �� r Qn R 00 _ 0. to O CC] v 3 n 3 7 N ' N `" o . Q iv o c� 0 0 ro l 0i u) ti y d to to Z F1 m ig to Z 0 a ACRD DWG. PILE: 5SWSEC22.DWC Plotted 10-15-99 Cb q �) `4 c] II� EACH E BI --T- ! t -7"f 40 r f INTERLOCAL AGREEMENT 0,0 Id O q BETWEEN INDIAN RIVER COUNTY, FLORIDA AND CITY OF SEBASTIAN, FLORIDA THIS INTERLOCAL AGREEMENT, entered into this 18th day April , 2000, by and between INDIAN RIVER COUNTY, FLORIDA, a political subdivision of the state of Florida, hereinafter referred to as COUNTY, and the CITY OF SEBASTIAN, FLORIDA, a municipal corporation of the State of Florida, hereinafter referred to as CITY, for the purpose of road improvements to Barber Street, provides: WITNESSETH. - WHEREAS, the COUNTY and CITY agree that Traffic Impact. Fees collected by the COUNTY are for the purposes of capacity improvements to CITY and COUNTY streets; and WHEREAS, the CITY and COUNTY acknowledges that Barber Street is operating at a failing level of service that requires improvements, and WHEREAS, the CITY and COUNTY acknowledges that through Concurrency Management and Comprehensive Plans that no further impacts can be permitted without capacity improvement; and WHEREAS, the CITY and COUNTY jointly agrees that a moratorium against development in the CITY or COUNTY which impact this area is not desirable. NOW, THEREFORE, in consideration of the mutual terms, conditions, promises, covenants and premises hereinafter set forth and pursuant to the statutory authority contained in F.S. Chapter 163, the COUNTY and CITY agree as follows: 1, The COUNTY authorizes the expenditure of $200,000 of Traffic Impact Fee funding to the CITY for capacity improvement on Barber Street, as described in the attached "EXHIBIT A" — BARBER STREET ROAD IMPROVEMENTS." 1 The COUNTY agrees to provide technical oversight and construction inspection of the utility relocation aspects of the Project. 3. Tile duration of this Agreement is five (5) years from tine effective date, which is date the executed agreement is filed with the Office of the Clerk of the Courl of Indian River County, renewable for five (5) additional years if approved by the COUNTY. 4. 'Tile CITY shall provide the remainder of the funding from gas tax revenue, sales tax revenue, or other general revenues of the CITY. 5. The CITY shall enter into construction contracts to complete tine Barber Street Road Improvements and provide oversight of the Project. h. All surplus funds shall be returned to the CITY and COUNTY in proportion to the contributions made by tine CITY and COUNTY. t! ATTEST ►7 fly Kathryn 0,Halloran, CMC/AAE. City Clerk Approved as to form and legality for reliance by the City of Sebastian only: Rich Stringer, City orney STATE OF FLORIDA COUNTY OF INDIAN RIVER CITY OF SEBASTIAN, FLORIDA By k&k"�L Mayor /17 The foregoing instrument was cknowledged before me this a day of 2000, Mayor, on behalf of the City of Seb stian of Indian River County, Florida. He/She is pErsnally known to me or produced as identirication. Nota lic,�State of Florida C.•In � WCN+ � Gff (S ''r' ruD E�lRJB Frint/Typ Notary Vame 'X�fit.- INDIAN RIVER COUNTY BOARD OF COUNTY COMMISSIONERS Fran B A s, C rtnan April ��, 2�6 Armsm Jeal' rton, Clerk of Cp Commission Number: Commission Expires: Approved as to form and legality for reliance by Indian River County only: Tcrry O'Brien, Interim County Attorney STATE OF FLORIDA COUNTY OF INDIAN RIVER �i, / The foregoing instrument was acknowledged before me this _1-U 1`�, day of 2000, by ' . y and as {1k ,, A rJ , respectively, on behalf of the Board of County Commissioners of Indian River County, Florida. T-,h#p are personally known to me or produced as identifscation:5i"= A�Pub�lic,Stw of Flor'sda ith �AlllllJlJIJIIIlJJJNlIJ�JlllJlllJ/JrJJJJJJIlllll 4 a*"9s #isle hd, Smc '� �' PQotarypublic, 5�ate of Florida � ' � Cumntiuian No. SCC S$2439 t �oraa�MyCommiisianHxp.t1916gR0pp i I.8UU.3:h�;ARY • f�. xuary Servirra Pcedin� Ga. � s»»�sssssssssssssss»sssssisss�»ssssss�asssssss S ^ PrintlType Notary Name Commission Number; Commission Expires: I -J 40 40 40 Exhibit A Barber Street Improvements A $200,000 Transportation Impact Fee allocation will be used for enhancements on Barber Street to include: a) Barber Street at Schumann Drive Intersection Improvements. In order to improve the intersection capacity, turn lanes are required on all approaches and a traffic signal is required. b] Capacity improvements to the Barber Street Bridge over the Elkcam Canal; to also incorporate a center turn lane, 8' shoulders and bikelanelsidewalk. The City of Sebastian will be responsible for design and bids prior to construction..