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HomeMy WebLinkAbout2000-21340 i l TIIIS FORM HAS OCC"N APPROVED BY THE FLORIDA ASSOCIATION OF R[ALTORSO AND THE FLORIDA BAR. Contract for Salo and Purchase FLORIDA ASSOCIATION OF REALTORS' AND THE FLORIDA BAR "1 PARTIES:atitha_,Trulluo ._..� ("Seller), te 2 of _ 10653 Roanland R . So12g ign. laioridm 3295f1-B14a (Phone)� ---N/A- '3 and Indian RivaT__Vg11rLLY ._. _P9 i a_� v ., o._f]_.4.�_ r's9 Stato of Florida ("Buyer"), 4 of Flo5-9044, 5 hereby agree that Seller shall sell and Buyer shall buy the following doscribod real property and personal property (collectivoly 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 Tndiwn_ iiiver County, Florida: 9 See _legal daacrip _ip%,___91cbi bit "At', attached hgieto and made s n%yt hotreaf. 10 `ll(b)Straeladdress. city, zip, ofthe PropenyIs;_ 16th 8troot. Moro poetch, FlQridA 32966 111 12 (c) Personal Property: Nonv��A=1�.ozfing.arpL".IR 13n=o - - 't/ 13 Farcq} eAC1!livg y3.45I. atryace :Q0 Fie 14 FLCAUE N , TIIIS C4N9+ftAr_� _ - 15 IE. PURCHASE PRICE:..... ...............S_-"32=." 16 PAYMENT: "17 (a) Deposit field In escrow by__.___ NIS_ (Escrow '113 Agenl) in the amount of ........................ ......................................................................,.,.,.,..........................,,....S_ -411 I19 (b)Addllluiwl eseruw depusiE Ju Ue ir+rr,Fe to :-Scruw Aigolil wittrnt_doys u11Or Ellucllvo Date (soil '20 Paragraph Ili) In the amount of... .................... _.,_ ................................... ....... .............. . .. ........... ........... S -0- 121 (c) Subject to AND assumption of existing mortgage in (food standing in favor of H/A 22 _ _ having an approximate present principal balance of $ -0- '23 (d) Now mortgage financing with a Lender (see Paragraph IV) In the amount of....,... .,..$ -9- '24 (a) Purchase money mortgage and note to Seller (see rider for terms) in the amount of ............__ ..............$ - - '25 (f )Other: N -A $ .0. 'Zs•40 26 (g)Balance to close by U.S. cash or LOCALLY DRAWN cashier's or official bank chook(s), subjectfJ Aj-, t�'�C '27 to adjustments or proralions..................................................................................._...,,..,,..,.,,,.......,..,.,.....,.,...,.........5 7Z935v40• ' 28 Ill, 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 _ __ _ 3-9-44Y.8 , the deposits) 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 be the data 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 an original. 34 IV, FINANCING: '35 (a) This is a cash transaclion wilh no contingencies for financing; 136 [❑ (b) This Conlract Is conditioned on Buyor obtaining a written loan commitment within — days after Effective Data for 137 (CHECK ONLY ONE): J;_Ja lixod; uan adjustable; or Ua fixed or adjustable rate loan In the principal amount of '38 S 11/31 , at an inilini interest rate not to exceed % , discount and origination fees not to exceed % 139 of principal amount, and for a lana of ^ yuors. Buyer will make application within —days (5 days if left blank) after 40 Effective Dale 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 falls to waive 42 Buyer's rights under this subparagraph within the time for obtaining a commitment or, after diligent effort, falls to moot the 43 terms and conditions of the commitment by Ilse closing date„ then either party thereafter, by wrillen notice to the other, may 44 cancel this Contract and Buyer shalt be refunded the deposil(s); or '45 n (c) The existing manoago, dt:serifyt{i in P3rnurEirr!I Ilia) above, tins: 0a variable Intorosl rate: or (,'aft%nr+inlnreS[ rate of '46 NIA % per annum. At time of lilto lrarrslcr, carne fixed intoresI rates are subject to Increase, it increased, the rate shall not "47 exceed % per annum. Seller shall fumish o staler»ent from cacti mortgagoo staling lho principal balance, method of 48 payment, interest rate and status of murtgayu 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, thon Buyorshall promptly obtain the 50 necessary application and diligently corr'ptolo and return it to the mortgagee. Any mortgagee charge(s), not to exceed 151 5 NIA _ (1% of amount assumed if loft blank), shall be paid by Buyer, If Buyer is not accepted by morigacge4 or 52 the requirements for assumption arc not In accordance with the terms of this Conlract or mortgagee makes a charge In 53 excess of the slated amount, Seller or Buye, may rescind this Contract by written notice to the other party unless either 54 elects to pay the increase in inloresl ralo cr oxcess mortgage charges. '55 V. TITLE EVIDENCE1:At least days before closing date, (CHECK ONLY ONE): EJ Sellor shall" at Seltor's expense, deliver 156 to Buyer or BuyoPs attorney; or X Buyer shall al Buyur°x exponsa obtain (CHECK ONLY ME): ZK abstract of title; or H title 57 insurance cominitmenl (with logibta copies of in.:trornenls listed as exceptions attached therelo) and, after closing, an ownods 58 policy of title insurance, '59 VI. CLOSING DATE: This transaction hall be closed and the closing documents delivered on � 60 day 50 un smodifiedbyntherprovisionso�rt i� onlracl. Front Efective Da Ce —(See t3�c III Buyreceipt or a cony of thl: n.Q.e. FARr6AR•5 Rov. a105 RIDE Its CAN DE OBTAINED FROM TIIL' FLORIDA ASSOCIATION OF REALTORSO OR THE FLORIDA 13AR Thm rM Es licansod For u ill' Ynrin I x r' re ns ^nrrvnr6 h+ PSG h1C111,.161 r4I1 ishfnq, Inc 00- 3e•162 +i • 40 fat VII. RCSTRTCTIONS; EASEMENTS; LIMITATIONS: Buyer shall lakO Min StMOCI lO: COmprahOnslvo land use plans, zoning, 02 rostriotlona, prohlbillona and othor roqulromonlo Impoaad by gDvornmonlal aulhorlty; rooldollonn and mnlinra appearing on tho 63 plat or othorwise common to the subdivision; outstanding all, gas and mineral rights of record without right of entry; public ulll;ty 64 easements of record (easamants are to be located contiguous to real properly lines and not more than 10 feet In width as to the 65 roar or front lines and 7 112 foot In width as to the side lines, uMoss othorwNa stated heroin); taxes for year of closing and 66 subsequent years; assumed mortgages and purchase money mortgages" it any (If additional Items,. Soo addendum); provided, 67 that there exists at closing no violation of the foregoing and none prevent use of the Property for �Ri9hkgL-waw^ 68 purpose(s). 69 VIII.OCCUPANCY: Seller warrants that there are no pantos In occupancy other than Seller; but if Properly is intended to be rented 76 or occupied beyond closing, the fact and terms thereof and the tonant(s) or occupants shall be disclosed pursuant to Standard 71 F. Seller shall deliver occupancy of property to Buyer at time of closing unless otherwiso stated herein, if occupany Is to be 72 delivered before closing, Buyer assumes all risks.ofloss to Property from dale of occupancy, shall be responsible and liable for 73 maintenance from that date, and shall bo doornod to have Accnptod Property in its existing condition as of time of taking 74 occupancy unless otherwise staled herein. 75 IX. TYPEWRITTEN OR HANDWRITTEN PR6VTS10NS: TypowrlItan a Ila ndwriIIPn provisions, riders and addenda shall 0anIrol all 76 printed provisions of this Contract in conflict with them. 77 X, RIDERS: (CHECK those riders which aro applicable AND are attached to this Contract): '78 ❑ COMPREHENSIVE RIDER ❑ HOMEOWNERS'ASSN. [] COASTAL CONSTRUCTION CONTROL LINE '79 ❑ CONDOMINIUM ❑ "AS IS" 0 INSULATION 180 ❑ VAIFHA ❑ LEAD-BASED PAINT 0 '81 XL ASSIGNABILITY: (CHECK ONLY ONE): Buyer [l may assign and 111creby be reipased from anv fnrthnr lWilloo ,,...+..- 1— '82 Contract; ❑ may assign but not be released from liability under this Conlrarl; or L 83 XII. DISCLOSURES: 84 (a) Radon Is a naturally occurring radioactive teas that when acrumuNted it 05 hoollh risks to persons who are exposead to 11 over time. Lovuts of raunn Ihet 86 found In buildings In Florida. Additional Information regarding Radon or Ric 87 Public Health unit. lr,,pr,, F3Evt',r COu1 tv Anpinvro a+e 88 (b) Buyer acknowledges receipt of the Florida Building Energy-Efflclency Ralin e,,,r,7,e„ :trnl nn 89 (c) If the real properly includes pro -1978 residential housing then a lead -bases 7 ? . 90 (d) If Seiler Is a 'Yorelgn person" as dofined by the Foreign Investment In Real 91 that Act. 92 (e) If Buyer will be obligated to he a member of a homeowners'assoclation, Bt Lent wd 93 UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS' ASSOCIAT11 94 X111, MAXIMUM REPAIR COSTS: Seller shall not be responsible for payments In axe 95 (a) $ N/A for treatment and repair under Standard 0(1f blank, I IWO' 7 96 (b) $ WA for repair and replacement underSlandard N (if Ulan 73 '97 XIV, SPECIAL CLAUSES; ADDENDA: If additional terms aro to be provided, a11nch a f. 4 uEi � 98 XV. STANDARDS FOR REAL ESTATE TRANSACTIONS: Standards A through W or 99 as a part of this Contract, 100 THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT, IF NOT FULLY IF 101 AN ATTORNEY PRIOR TO SIGNiNG. 102 THiS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF RE 103 Approval does nor consfifufo an opinion (hal any of tha forms and conditions in 111 is Contract she uldbe accepted 104 by flea parflas In a parlicularfransacllon. Terms and condylions should 6c n0900aIadbasod upon [Ira 105 respective inloresis, objeclivas and bargaining positions of all inIore stEdparsons, 106 COPYRIG HT 1998 BY THE FLORIDA BAR AND THE FLORIDAASSOCIATION_ OF REALTOR '107 1: _A LOY-11-2000 c'� �" 1 , f ��� a� '108 (Buyer) Fran B. s,(Date) (Seller) Donald F. Smith (Data) Board of Csaunty Commissioners '109 Social Sac o To Lp• Surial Sr:rurfty or Tax 1,0.. ft "110 '111 (Buyer)„? RonaXd L. Callahan (date) (Seller) (Date) tiiigrit'-'Of-Way Agent '112 Social Sacurllyor Tax I.D. 11 Social Security or Tax 1.0. if 113 Deposit under Paragraph 11 (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 ontllied to 116 compensation In connection with this Contract: '117 Name: N/J+ 118 y� Coopora Brokers, If any Listing Broker Buyer ( 1LI _j [ and Seller I W nowtedge recetpl OF a copy of tilts page, FARMAR-S Rao. 5106 RIDERS CAN BE OaTAInED FRWA Tfle rLOnIDA ASSOCIATION OF nL ALT095C4 On THE FLORIDA OAR This form is llcensad for upo with r-ormulotur” Forms Software by tSd Mchalnter Uflhllshinrl, Inr.. 800.330.1027 • 1 f9 STANDARDS FOR REAL ESTATE TMNSACTiONS 120 A—EVIOENCS OF TITLEIi t) {An eb4{roc! of !IIID prepared or brought Currant by n rnnutahia And n.irlsllnq eros!seat flim [II net arising than 121 Carll(Yed. es correct by an existing Ilan) puFporting IO be An accurate synopsis of Ihe in5rfumnnls affacling title t0 the real properly recorded In 1,22 Iiia public fft Ords of the county wherein the reel property Is IDcalad through @ffecllve Dale, 11 Shall commence with the earifesl public records, 123 of such later dale as may be customary In the county. Upon CIOSIeg of this Contr.,ci, the abstract shale bocOmo Iho Pfepefly of Buyer, subject to 124 the right of retention thereof by first mor(gootia until fully paid. (2) A Ij-UO _In3uF112gAQ-S ml m,U Issued by a Florida licensed title Insurer 122 ograeing 10 Issue Buyer, upon racordlno of the deed 16 DOW. nn ownol•s pollcy At liblo Inepmnco In (he � amount of the purchase price, 4nevong 126 {)uyor's elle to the loot properly, subject only to Ilam, oncumbrnnc.Os, oxdeptions or quplfNcAU*nt provided In Ibis Contract And those to be $27 dlschafged by Soifer at of before ctasing, Seller shall convoy markolible Inle 10tileCt Only to lb,.ris, encumbrances, erceplll)ns of quail Flcailans 129 pfOvldfld In this Cunlrecl_ MArkolablo title shalt be dMOrmlead According to appllcnhln Title Standards adopted by aulhorlty of The Florida Bar 120 and in accordance with low. Buyer shall hava 6 days from dala of focaiving avidonca of 111141 to-11rana 11, if Otto Is found derecnve. Buyer lin Ahntl within 0014 5 dAY0 AO11Fy $offer In wrlHne spncl(ying Ihn dotoeq%). It dernr.ltn) render tlfln unmarkatahln, Snllar will have 3o day from 131 receipt of notice to remove the dorecls, ralling which Buyer shall, wlthrn IWO (5) days afrnr nx PlFnllnn at the thirty (30) day period, deliver written 132 notice IO Solicit either: (1) exfandino tho time for a reasonable palled net to ntcr.ed iTD daps within wNICh Sonar she!! use dlllge e4 altar! !a Ian rnmoyn Ihn d"fncis; of (2) FertPWlnq n rotund nt dnpntll(s) pnld which shelr Ire 6+, 011ll I" rnlurnit In Buyer, o Buy i falls Ie so nosily fort In 134 Buyer shot! ha deemed to Novo Accopled Ilia title no 11 Ihon Is. Softer shrill, If line In rnlmd In+nwrk+lllttn, Ion dlllpont affOfl 10 Correct dafoegs) 135 within the lime provldod lhorafor, 11 Sellar Is unable 10 llmoly correct the defect s. Puynr �h01f ellhar wAlva the defects, or r6Celve 8 refund of 136 40pOS"(s), thereby re102sin0 Buyer and Selror from all further ohligalOns under trots Coni"W. If wd(1enca of Illln is dollverdd to Buyer fess Ihsn 137 5 days prior to closing, Buyer may *,,tend closing call) 1.0 that Buyer shah hove vp to 5 days from dela of receipt of evidence of IPrA to examhno 136 same In accordance wllh Ihls Standard. s30 B.. PURCHASE MONEY MORTGAGE; SECURITY AGREEMENT TO SELLER; A purchase money mnflgage and mortgage note to Seller shall 146 PfOvide For a DD-doy grace period In tho cyan( of 001'aull If a first morlgago and A 15•nay prnco porlod If A second ar lesser mortgage; shell 141 ©r0vld0 for rlghl of prepayment In whole or In pOrl without ponolly; shall permit aecntarAnon In Ovant Of Irnnsliff Of the lap! prOPOrly; (hall require 142 all prior liens and encumbrances In be kepi In good standing and forbid medflieatlons of or future advances under prior morlgaga(s); shell fmufre 143 Buyer to malnia;A policies of Insurance contillning a Standard morlgagae clause covarirll) All tmpravnmanle 10Caied on the Foal property agates! 144 fife and all parts Incrudoo within the form'e%torrdod covarogo ondorsamants' and such other risks and Pefiis as Snllar may reasonably require, 145 in an Amount equal to lholf highest 'lasuFable value; and the morlgago, note and sncurlty Agreement shall be otherwise In form and content required 146 by Seller; but Sellar may only require clauses Ond Cav*ragq Customarily found In marlgngos, morigago notes and s*eurlly a9rlemen4S generally Id? ullllxod by savings and loan institutions or slelo or notional banks IoCAl41d in no county whAfalo Iho trial property Is located. All personal 141 properly and loasos being Conveyed or aeslgnner will, 61 Soller's option, be su6lec1 to the Ilmn of A an"llty ngfeetnnnl evidenced by recorded 149 financing al.+lament e. If O bAll0-0n mongag*, the final POYI-font will pxcoa4 the pnrlonrt nog men!.+. Ihq on. 150 C. SURVE Y: Buyer, at Buyer's gxponse, wliMn time allowed to d6rtvor evld0nce of title a+td t0 examine ,,amu, rosy ngvo Ilia real Property surveyed 151 and CortiiflOd by a registered Florida surveyor. If the survey dfs0ro5as OncrgaChmants On the roll proparly at that Improvoments localed Inereon 152 encroach on setback Ilnol, aaenmenls, Iande of olhors or violate any faslflctbns, Cnmlraci cevAnanis or applicable gavernmanial regulatlon, Ina 153 .amq .hell consttlute a Slna dot acl. 154 O, TERMITESIWOOD DESTROYING OROANISMS: Buyer, All Buyer's oxpnnsn, wthln the tire" Allgw Od 10 dollvof avldenee of 41,116, may hays the 155 properly Inspected by a Ftorldo Cotillion Past Control OperelOr ('Operator') to dootmino If IhOre Is Any vlslblm ACllee lermlta Infaslallon or 150 visible damage from Iermlto lnfestallon, excluding fences, If either or both ara found, 61AYCr shaft have 4 days from data of written notree thereof 157 wlthln which to have call of treatment. If required, estimated by the OPOWOF And all damngo Inspe.cled And Osllmeled by a licensed builder or $$e general Contractor. Sollor shall pay valid COIIS Of treaimanl and repair of ell damag41 up IO IT,o amount provided In Paragraph XIII(a), 1F 15S estimated coals exceed that amount, Buyer Shall have thO OPflon Of canceling this Cnnlracl wllhln 5 days Astor r6COIPt Of ConitO0IOr's repair 160 estimate by g1'vrno written notice la Seller Or Buyer MAY elect to proceed with the IraASOCII01), and Fr,C01— a credit tot closirip on the amount 101 provided in Paragraph XIII (a.).'Termli $hall be doomed 10 lnclud0 Oil wood destroying organisms rnoulrOd to bit reported under the Florida Pell 16.2 Control Act, as amandad. 103 E. INGRESS AND EGRESS: Sallof warrants and represents that IhAra is ingross and egress 10 thn real praparty aulfiO[enl for 110 Intended use 164 as described In Parngraph VII hereof, (1116 Io which Is In accordance wish Stn ndnrd A. loo le LEASES: $l)IIt ehpll, not lass than 15 days before ctasing, furnl$h to Ouyer "PPen of all wriilen lebsas and estoppel loiters from each fd6 tenanl specifying the nature and duration of the tenant's Occupancy, rental rales, advanced rent and security 40PO511 paid by tenanl,. If SOIIOF 15 167 unabto 10 obtain such falter morn each tenanl, the some informalfan shag ho furnished by Sellnr and Buyer within that lima period In the form of A 168 aelices affidavit, end Buyar may Iheroa trot eOnlact tenanl Io cnn(irm suchlof6rmalimn iollor ,,heir, 160 100505 to Buyor. 411 cto5fng, d011var and assign all original 170 G. LIENS: Sallet shall furnish to Buyer at lima of closing on ollidavll attesting to 1hr,qb5nDcQ. unless Olhorwlso provrded for heroin, of any 171 fleancing itAlamonl, claims of Ilen or potential IIOnOF5 known to lister and further allowing Inst t;oro hove bean no improvements or repairs to 172 Ilia real property for 00 days Immediately procading dole of ciosing. If the 1001 prOporty hos boon impravad of Fapalrad within that limo, $ollar 173 shall dollvar releases Or walvOfs of construction liens Oxecul Od by all goneral contractors, svbeanlrnctors, suppllor$ and malorlalmon In addition 174 to Set*r's flea alfldavll selling forth the names of all such general c*nlraclors, subcontractors, suPpnas and matef101amn, luflb*r affirming that 175 all charges for I®Prevomonts or repairs which could serve as a basis for a C0415119411gn lino or a claim far damages have been VAN ar will on paid I" al the closing of lots Contract, 177 H. PLACE OF CLOSING, Closing shall be hard In the county whafoPn the rcnl properly Is locsled at Ihn orpl, of the attorney or What Closing 1741 agent (-Closing Agenl'l daelgnoled by Soller, 779 I. TIME: in o core Puling tlmn hien a Df loss Ihn@ KI' (11) days, Snl urdny t, S—lnys and 'I-" nr nolle -1 Initial holldnys ehnll bo "cludod. Any time 18n thepatsit nce In this for harem whlCh stall end en a Salurday, Sunday, or 0 legal holiday ehAll apinnd to 5 G p.m. of the next business day. Time Is of I'll She silence In Ibis Cantrscl. 182 J. CLOSING DOCUMENTS: Sallee shall fvr0lfh the dead, bill of 0010, construction Ilan Arlldavrl, awnar's possession effid$vlt, a0elgnmants 01 183 foeaes, I6nanl and aFtOegea estoppel !skarn and corroctwa las!runl41 nit e. Buynr shall hftnlsh r,4osfng sia1nmoel, mort9ago, mofrpnpa nate, 184 security eoroom6nt and (InanCing statements. 16.6 K. EXPENSES: Documentary stamps on the dead and rocording of corroellvo Instrum"nis shelf be paid by'S.olter, OOcumenlery stamps and 188. Intangible I6K on the purchnse money morigago and any reorigngo assumed, rrrnrlgagon title Insurance commitment with relotod fees, and fel recording of purchase money marlgago to Sallar, deed And financing 11018ments 26011 be paid by Buyer, Unlass Otherwise provided by law ee 16a ,test to this Conlracl. Charges for the following related title services, nam"ty 11110 Or abstfhr,t charge, title aKarelnollon, and salllement 169 and to fee, shall ba ()Aid by rho P8Fty FeaP0nd10fa for fIliaurnishing ,a 11110 evldnnea in aecnedancn with PAragraph V, 180 L, PRORATIONS; CREDITS* Taxes, oaeestmonia, rent, Internal. In5uranco and 011ier axpnnsr-s of the Properly shall bo Proralnd Illfougn the 191 day before closing, Buyer "all have the oplOn of laking over exttllnq policies of in,waflce, it assumhlt, in which event premiums shall be 192 prorntod, Cath at Closing .hall be Increased of docrosod of may bo rollulrad by prnrnllool In 130 n+nd" Ihrough day prior to clu$ing, or occupancy, 103 If OccuponCy Occurs before closing. Advance rent And security deposits will be cr 4lir+d to Buyar, Escrow dopoellt hold by mortgagee wilt be 104 credited to Salfet. Tax6s shat be 9rorateir based on the currani year's lax with duo allowanco mM1dn for maximum allowable dI ceun1. homaslesA 105 and *that exemptions, if closing occurs at a dale when the current year's m1llagn Is net fixed and currant yo¢r's oseaesmen! Ps avallIt m tion fixel 1110, will tie prorated based upon such assessment and prior yebr'e mtling, If curranl year'$ 0slo3smon, Is not 1.v011nblo, than loxes will be prorated t97 *n prior year'$ lox, If Ihere oto completed Improvemanls on the roll Property by January sat of yens of clesing,whlch lenprave redo!,, were not le 198 exlitenCo on January 1s1. of pilar year, (hon taxes shnfl be pfnralod ho5od upon PH- yr-nr'' nldtag* anr.l at no equlln6lo assassmant to be agreed 199 upon bolwoon the partial, (ailing welch, roquast shall 60 rnadu to line) Counly Properly Approlsor For an Informal assn.emanl laking Into ACCOunl 200 available exemptions. A rex psora if on b0se an pn tls Nr@a1e "All, at FOqu0s1 Of nithAr Party, 110 rnmilustad upon fnCnlpl of lax bill on condition 201 )hot. a. alatamenl la Ihal olfec11111gnod a1 o in . D uy6r { f.G t { )and Seller ( scknowlnrlge rr,fts of • c.@py of this paps, FARISAR-5 Re, 8196 COPYRIGHT 1006 THE FLORIDA BAR AND THE FLORIDA ASSOC IATPO1t Of R[ALTORSR This form Is licensed for use with ForsrsuCsator" Forms Software, by I:iG McAllir,IOr Pi.Wi:.hh,r), Irtc F;DO.33sT.iOt^.i 40 2W1 81. SPE DIAL ASSESSMENT LIENS: Cortlfled, confirmed and ratified SpOClpl assesa-1 lions as of dale at closing (not as of Effectiv6 Dale) -203 aro 10 be paid by Seller. Pending lions as of (into of closing %halt be assumed by Dwyer 11 rbo Improvmmont has boon subslanlially eompletad at 204 a! tffaellvo Dale, any ponding lion shelf be Conlldatod corllflod, conflrmnd Or ralrfind and Sollnr 11,111, at closing, be charged an amount equal (0 2-15 Ina 1811 osllmata or alaosamanl for the tmprovomont by the public body, 200 M. INSPECTION, REPAIR AND MAINTENANCE: Sailor wnrrarlts that the tolling, roof jtnchldlnp lh0 fnscla end SOfllts) and azt6flor and 207 lnlerlor walla, foundalton, seawalls lar "ulvalont) and dockage do not heva nny Vlsihla Evidence of look&, water damage at flruelurol damage 208 and that the sOPIrc lank. pool, all appliances, mechanical Items, for log, Cooling. aPoclrical, plumbing systems and machinery are In Working 209 Condition. The foregoing warranty shall be limited to ilia Items specified unless othorwlso Provided in an addendirm. Buyer may, at Buye)'s 210 exponse, Have Inspections made of thaw Items within 20 days after the Effective Dale, by a firm or Individual specializing In hems inspections 211 and holding art occupational license for such purpose (If required) or by An 0pproprininly licensed Florida contractor, and Buyer shall, prior 212 to Buyal's occupancy, but not Moro than 20 days allot Effective Dula, report In w011n7 to Sollnr such Urns that do not meet the above standards 213 ab 10 dOfScls, Unless Buyer Itmely reports such. dolocls. Buyer shall be dnemrid to h,nvn walvnd Seller's wn(ranllat as to def6ptl not reported, 214 if repairs or r4PlaCCment3 ern required to comply with this Standnrd. Sollnr 'loll ""So Ihnm to he made and shall pay LIP 10 the amOunl 215 provldoa in PAtograph %ill (ir). Salter 1s not inquired to mpko topalrs or rnplacemnnls nr t CnmmonC Condition Valois cousad by a dolocl Sailer 216 Ia fespon511340 to (Cool, or (*place. if the cost for much repair at replacement oxcnmdl the amount Provided in Par:rpreph Xlrl jb), Buyer and Sailer 2t7 may elect to pay such excess, falling which either frafly may cancel this Cnnlracl. If Sauer Is unable to cpriect Ihn defects prior to closing., the 218 cost thereof Shalt be Palo into escrow at closing. Seller shall, upon reasonable notion, pnrvldo wutllos Sorwioo and access 10 the Property to, 219 Inspocilons. Including a walk-through prior 10 Closing, to confirm that all Items At pnrnnnal property firm on the real properly and, subject to the 220 foregoing, that ell r*quhad remelts and replacements have boon made and that Ihn Property, InCludrng, but not llmrtod to, lawn, shrubbstry end pool, 221 it Any, has boon maintained In the Condition existing as of Effective Dale, ordtnaty wenn end Icor n1Coplad. For purposes of Ibis Contract: (a) 222 'Working Condition' Meana operelPng In the manner In which the from was dosl{Fned In ap*rale: fb) 'Cosmetic Cendlllon' means aaslhatic 223 lmparfaclions that do not affect the working Conditlon of ilia them, Including, but mol "I"d 10 PFnnd mVeRO: missing Or torn sCfedns; fogged 224 windows; tears, worn spots, at dlscolaeollon of floor coverings, wallpaper, 0r window lire Alments; nam holes, scralches, deals, serepal, chips or 225 CnVlking In calling], walls, (Footings, flxluros, or mlrrore; and minor cracks in Henri, lune, wlnd0w5, drlvawnys, sidewalks, or pool decks; sod (c) 226 Cracked roof 11156, Curling of worn shingias, or limited roof Ilia shall not an considered dnfecl5 Seller must repair or replace, sa long as there li no 277 evidence of actual looks of leakage or atructruol domago, but missing lugs wrr be Seuor's respon%lbrflly la rn ploco or repair, 224 O.. RISK OF' LOSS; If the Property Is 418101106d by fire or ether Casually befora closing and coat of milotailon does not ascead 3% of the 229 Ill sed valuation of the Pfoporty so damaged, nest Of restoration shall be nn Obligation ofSailor rind closing shall rocnad pursuant to the 230 farm& of this Contract with restoration costs escrowed a1 Closing. If Iho cost of restoration nrcaods a% of Iho 1155e9346 valuellon of the 231 Property so damaged. Buyer shall hove the option of either laking the Property as Is, togelhnr with either Ilia 30A Of any Insurance proceeds 232 payable by virion of shr.h lose or demspe, or of cnn6nling this Coalract and r7•r. nP•:Inn. rc+ern no rhq ennor.1Q,). 233 P. PROCE EDS OF SALE; CLOSIHU PROC:tBUSiE: Tile dead 4[,All to muu•d*4 r.pc,e clearerr:i sr lurid(_ it an adsrract of title has bean 234 furnished, evidence of title shall be continued at Buyer's ekpensO to show title In Buyer, wilhout any oncumbrances or change which wourd rondar 235 Sailer's idle unmark Olabla from the data of the last evidence. All closing proceeds shall b1, hold In escrow by Sailer's attorney or other mutually 236 accoplable escrow agent for a period of not more than 5 days 31161' Closing onto. "Seller's 11110 IS rendored unmarkelabte, through no laud of 237 Buyer, Buyer shnN., within tile 5 -day period, notify Sellar In wriling of the defect Ind Sailer sbnll h1ao 30 days from dais of facelpt of such 238 notification to "to the defocL If Seller falls to timely Cuto the datOCL od dop0511(s) and Closing funds shall, upon written demand by Buyer mild 239 within 5 days allar demand, be returned to Buyer and, slmullanoously wish such repaymnnl. Buyer shall return the personal property, vacate the 240 real property and reconvey Iho Pfoporly to Sailor by special warranty trend and hill or sole, 91 Duynr (Alts 10 Maio timely demand for refund, Buyer 241 shall tako Ilile am 13, waiving ell rights against Sailor as to any Intdlvaning defect except as may lin available 10 Buyer by virtue of warranties 242 cdntolnod In the dead or bill of sale. If a portion of the purchase price Is IO be derived tram InSillvtlOnal flnencing or refinancing, roquiremeela 243 Of the londing InsllWlion as to place, lime Of day and procedures for closing, and for disbursamenl of mortgage proceeds shell control over 244 Carl prevlslon In this Contract. Sailer shall have Ilia Fight to roqulre from Ihn lending In5illutlon 3 written commllm.ent Thal It will not 245 wllhhord disbursement of mortgage proceeds as a result of any title dialect Otfilhutahto In Puy- mortgaont, The escrow and Closing procedure 240 required by Ills Slnnderd shall be waived If Ih6 irl a agent Inswas 1161US6 mn11nf1 put7ennl 10 S1,ctlnn e27,7A41. F.S„ as amanded, 247 0. ESCROW: Any escrow agent ('Apnm') foddlving funds of Aqulval*nt Ps auThonrod and agrmns by occeplanee of them to deposll them 244 promptly, hold name In escrow and, Subject to oloaronca, disburso them 1n accordance with Terms and conditions of this Contract. Failure of 240 funds to clear shalt not ex CUSO Buyer's petformanap. If In dauhl as to Agent's dulPos Or Ilobllll Poe under Ilia pfovl5ions of this Conlrael, Agent 250 may. at Agent's option, continue 10 hold the subject manar of the escrow until Inc panic& hereto ngrae to IIs dlsbursament or until 6 }udgamenl 251 of n court of compotonl Prrlsdiellon sha11 d*tormhne the rights o1 the porllp6, of Ag6nh may do Pesll lama -tin the Clerk of the Circuit oaurl traaing 252 Julls AlclfOn of The dispute, Upon notifying art parties concerned of such act€on, All linbdtty on ilia pati or Agnnl shall fully termrnalo, except 10 253 Ilia extent Of accounting for any Items provlously dnNNoroa out 0f escrow. 11 a IfCOA&nd foal nstnto brokar, Agent w1I1 comply with provisions of 254 Chapter 475, F.S., as amended, Any pull between Duybt and Sailer wherein Aa6nt it mado n pnrly hncnusn of acting as Agent hereunder,. or In any 255 suit whorin Agent Inlerploada the Subject matter of The escrow, Agent shotl tecovor rcasannhla ntlornay's Imam and cost& oCU,tad with thew 2543 amounts to be paid from find out of the escrowed funds Or equivalent and Charged and awnrood as Court coals In favor of the prevailing pally- The 257 Anent shall not be liable to any party or parson for M154e11very 10 Buyer or Soltsr of cams suefnel fa the Miaow, nnla9s such mlydsllvery Is due to 258 willful branch of the PfovlSIOns Of Ibis Contract or gross n"ligonce of Agent, 259 R, ATTORNEY'S FEES; COSTS: In any litigation. Including broach, 6nrorcomont a1' In Gnf pre lotllon, ntlsing our of this COAlfaCI, the plewailhng 240 party in such Ili ballon, which, for purposes of lhls Standard, shall Includo Seller, Buyer and nny brokors stung In agency or noeagency 261 relationships aulherlaad by Chaplor 475, F..B.. as amended. shall bo onlillod In recover from the 1104.ptavallog Party reasonable altorrl4y's (acs, 202 Coate end expanses. 203 S. FAILURE OF PERFORMANCE; If Buyer fails Io perform this Contract wIlhin the time sp*clflerl, Including paymonf of all empo•Slts, Ihn 264 depOsltl51 paid by Bayer and daposil(s) earned IO be paid, may be foCovarnd and r0,taln Od by and for the account of Sailer as agreed upan 265 liquidated 41111110903. COnsideralran (fir the execution of this Contract and In fill[ settlement of Any claims; wllaraupod. Buyef and Seller shall be 265 fallovad of all obugetlons under this Contract; or Seiler, at Saltar's optlon„ may p(Ocano to nqully to enforce Sailor's itghl5 under this Contract. if 207 for any reason other then raittim of Sollnr in osnk0 Seller's Vile f°:aetel:.p7e altar 4.1!';t r, 3r;lr1, •1!ta• :alis, nn mucin u1' Wotu4 fa pnr:*rnr this 266 Contratl, Buyer may sa0k specific pnrrofmaoce or Aloof to rec54ve tho return or Buynr'A dapoctl{s) w1111eu1 thatehy waiving any action for 2451) damages raSUlllng from Seller's brooch. 270 T. CONTRACT NOT RECORDABLE; PERSONS BOUND; NOTICE; Neither this Cwracl nor any notion as II shall bC recorded In any public 271 records. This Contract shall bind and Inure to the benefit of Ihn parties And their successors In Inleresl. Whenever the context permits, singular 272 shall Includo plural rind one gander Shn11 Include all. Nallca giwnn by or 10 the altorhCy for nay party shall lin as effective as If glvan by Orin that 273 party. 274 U. CONVEYANCE: Sopor shall Convoy lillo to the real property by slatuloly wnfranly, truslne's, personal regret antallvo's at guardian's dead, as 275 appropriate to the status of Seiler, subjoct only to moltafs eoninlnod In Pnrno(oph VIIAnd lhamn olh6fwisO nccnptod by Buyer. Personal properly 276 shall, p1 the request of Buyer, be Iranstmeted by an abaolule bill of ante with wnrrnnly of illln, subjnCl only to such mollors as may be Olharwlso 277 provided for heroin. 278 V. OTHER AGREEMENTS: No prior Or present agfoa.monis or roprospnlollonm shall bo binding upon Buyer or Sailor unless Included in Ills 274 Contract. NO modlNcellon to or change in this Contract shall be valid or bindlnp upon the parllns unless lin ((ping and executed by the party Or 200 parties Intandod to be bound by It. 281 W. WARRANTY: Sailer warrents Itfal Nlere are he foci. known to Seller maler9olly alfeclFeg lee valud e1 Ilia PrOpOrty which a(e not readily 282 obs*rvablo by Buyef or which have not boo"Isctp6*d to Buyer. Buyer ( !'' }( I and Sellar { ��} I—) scknawtcoge rrcelPl 1,l a ropy of this pa0e. FARMAR-5 Rev. al0a COPYRIGHT 1998 THE FLORIDA BAR APIA THE FLORIDA ASSOCIATION OF Rl-:ALTORS6 This form Is llaan"d for use with Formsslntns-n Forms Softwora by ISG McAllirlot Publhihing. Inc 000-330-1027 40 f 4D 5i�l Fn ML 0 0�ka am• pwofl rom N � 3 7•. •� NON" W 1 0 � X--?* d wuQ x A� 0 o' '�r4 -Q 7 NNS v 22 c 3 to O.. w. 0 � • �p N � 7 �A N � �. m CS (AO 5n— o w „ n 0• a R. crn a :91 n m D• n `"r• L 0 CL m o 2 fa Sqn �N CO �3 p 'n ftp w W • O `� Cp naLn rine G N 7- CA 4 C] r CJ1T0 o L V7 V ,0 7 Nj n 0m— n' �O Po C1 N ;9 p n 7 v aa on n W o � r�0i v n to 3Q' X y—n S O S9 C _ W Q� n�ro �n c � � EXHIBIT ILII ACAC MWC. FILE! 105TSEC8.0910 (V13) Plotted 12-3-99 m La a n �7 7 IIS a � s