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EFTA01079628
"AS IS" Residential Contract For Sale And Purchase THIS FORM BASEMEN APPROVER BY THE FLORIDA REALTORS AND TIM FLORIDA BAR
PARTIES:
end MOW' ague dial Seller alai sell and Buyer shall buy the following described Real hope* and Personal Prop* (cohesively 'Proper) pursued to No WM* Yid conduct* this AS IS Resk'andel Contact For Sato AidPomba* and any Mors and addenda FCtenuactt.
1. PROPERTY DESCRIPTION:
alSUM address dM *: 224 Fare Monceau Palm Mace 334w-5113 Prcpaels located In:Pelss Mach Cora FRal. Red Pr** TPXONRC.60- 43-44-31-02-0•0-0060 Real Property: The legal detc*don Is PARC MONCEAU t.3 6
II
le together tli all along Improvements and alums, IndirdIng bunt appiereses, bible fornIshboTe and A elbdard wal•temill carpeting and both" CRS Property,') Unless specbalp escieded In Paragraph 1(e) er l4 by other leans of Ibis Contract. is (d) Permed Property: Unless excluded In Paragraph I (o) or by other toms ol INs Cattreot, No Morns hems is which aro owned by Seta and adding on the Propel)! aa of the dale of the Inillal offer am Imiudel In the %In purchase: rangesyosen(s), radgereloga, dIslewathw(e), depot cap nab), Intorocm, IBM fklute(s), li drapery rods and disputa*, bide, window trealments, nuke del pokes), wage door °pang* newsy.
to Other Personal Pineely bens includedin die p'e we: weellos dryer i 4...,. ,3 , 4,seee, OA and other access devices, and slam shellesip anols rpoesonal Property'). 1-4,--t. (2,„u n..bc a bo Ni w
A '''‘'‘ n Personal Papally Is Inc:Sod% ase Purchase Prroe. hoe no conklbutory yaks, and shell ow fa! ru the Buyer. Saa....V2b re, (o) The Idlowbp Items aro secluded Korn the purchasccaps.eNnee• L. FG•C-c ore es -. Si De--orau ) 2. e.,,,,Tcre.S. .1"ello _NA., e Lt LD
as :::. .t....,
at PURCHASE PRICE AND CLOSING :
w 2. PURCHASE PRICE (U.S. ourtencyr S
5 SOO 004 00 2/' (a) IMO& &peek to be hold In worm to the amount of (checks subject tO COLLECTION) • $ 500,000.00 re The Mai dopeat made payable anddelivered:0 'Escrow Ao0nr named below at (CHECK ONE): (I)J accanpardes oUor or (I) Nj Is to be madewithin 3 (il loftes blank, then 3) days oiler Encabo Onto. IF NEITHER BOX IS CHECKEO, THEN a OPTION (I) SHALL BE DEEMED SELECTED. sr Eames/Agee Informanon:Ifeme•La strOnCa 11 liflultates, Ina. at Address
w Phone
at (b) Adcrsl cameo too. aawaron to esccOW NON MO n w days Abu Ell save Date p loll Mirk ben11
es (MI deposits pad or agreed to be paid, are ocilectIvey farad to as Us Tema" at o Rumens: apron in a dollar amount or poroenlowo (Inn Amount') no Paragraph tr. . , w Other: § / • e Balance to close (not InCludIng Buyersdosing costs, prepaid* and monitions) by Are ',I' e WNW or othor COLLECTED funds $ __Lpaeao -5,". a NOTE: Far the definition of "COLLECTION* of "COLLECTED' see STANDARDS. . TIME FOR ACCEPTANCE OF OPFER AND COUNTEE•OPFERS; EFFECTIVE DATE: • er (MO not signed by Buyer and Seer, end en executed copy dewed lo all parties on or before Ws eller shall be deemed Wedrawn and tho Doped, II try,dabbe returned
Spine to tow. Ut sse aMa ss awed, time (or acceptance ol ow COMO!. Were shell be Mat 2 days after the a day the counter-Wan debuted. 03/03 /201 a (b) The etieollem date of his Contract shall loo the alb when the lea coo ol the Buyer red Soler has signed or • Iribled and delivered NH Met or bat counter-eller rEffecilve Debt). se 4. CLOSING DATE: Unless molded by other problem of Itala Contract, the *Ong ol Ibis banseollon slid occur er end Me aiming documents requited to be furnished by each party pursuant to d* Contract shall be dePtorod ('ebsoig') on --41.161410. 2016 ('Closing Dale), se the lime established by the Closing Agent
• Is Jth-Cge> - \ :C.\ dt.;.,.
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EFTA01079629
as W. EXTENSION OF CLOSING RATE. s, (a) If Paragraph 8(b) is shocked and CthoIng fonds from Ouyor's thodor(s) are not available on Closing Dale due v.. to Consumer Financial Protection Bureau Closing) Otsciosons donvosy rimohomomo (CFP0 Requirements,. so lhon Closing Erato shell be extended for such otiod necessary to satisfy CFPB Requirements, isevidad such sr porkef shall not exceed 10 days. e4 (b) II oktroms wrallour or other Condition or mow consetullng Tows Majeure` (sae STANDARD 0) causes: (I) ss disruption of utilities ur Shot' SOIVICOS esson&al for Closing or (II) Hazard, Wort Flood or Ibmeowners' co insurance, to become unevagatin prior to CAtielog, Closing shah be extended a reasonabio tirno op to 3 clays at agar tostoingon of WOW: and other *Mena essential to Closing and nvailabilly of applicable Hazard, Wind 62 Flood Or HOIX044trntra' rnsuntrial. If reLtrifilion 01 midi utilities or aowicos and :availability of Insurance has not occurred within _ _ (0 '.ell blank, Barn 14) days alter Closing Dale, then either party may terminolv 44 this Contract by delivering written stoke to the ether party, and Buyer sloth Mt rolonded Ilse Deposit, thotelay 40 toloasing goy& and Sogur Rom a Moho, obligations unctsr rhb: Contract or G. OCCUPANCY AND POSSESSION: n (n) Llnioey. the boa kr Paragraph 8(1)) Is checked, SuCtlf sling, at Closing, dolivor occupancy and possession of or tho Property to Buyer hoe of tenant;, occupants aisi future tonanclus. Also, at Closing, Solon shag hove as removed as perronnt items and NCB been the Progeny MI shall deliver oil keys, gmago doe openers, m access dtOeicOS and codes, art applicable, to Buyer. II occupancy Is to be delivorad before Closing, Buyer at =stones a4 mks of loss to gun Proproly hunt doss of occupancy. shall be rospoststhio and liable for 72 Murntennixo hen that date, end shag bo deemed to have accented the Property in go coistIng condition as of a limo of faking occupancy. so (b) 0 CHUCK IF PROPERTY IS SUBJECT TO LEASE'S) OR OCCUPANCY AFTER CLOSING. II Property Is n subject to a leasc(s) ahor (hosing or is intended o ho fantod or or-eyeful by Merl parties beyond Closing, the m (acts and Woos Mined shall he disclosed In wailog Iv Solitary) Boyar end copies of the written lease(s) shall ri be de:we:rad to Boyer, all 'AVM 5 days after Effect's° Dab. If Buyer delorminos, In allyet SOW &SWAM, a that hue loaso(s) or loons of occupancy No not acceptable to Boyar, Buyer may totmlnato this Contract by sa 'Salivary of tuition natio:, of such ofecSan to S011or within 'I days seller rocolpi at lho obey° items from Soifer, to and Burs, shall be refunded tho Dogma thereby releasing Duro and Seger Irons ail thither obligations under at this Contract. Estoppel Lana(s) and Solar's offkInvit shoe ho provkkad pursuant to STANDARD D. ll Properly es is Intended lobo occupied by Seller alloy Cloning, see Ruler U. POSTCLOSINO OCCUPANCY BY SELLER. it 7. ASSIGNABILITY: (Clint( ONE) Buyer n now towign and themby bo released from any further Ilablity under a• this Contract; GC may assign but not ho reformod kola liability under this Contract; or LI may not May) thls rs Contract.
to
FINANCING or 0. • FINANCING:
ay VI (a) Buyer well pay cash for tho purchnim of Nu Posparty at 'I/calm). Hera is no finarking contingency to 67 Buyer's obkjallon to dose. 0 Buyer °bleat u (can lot any port of the Purchase Price of Hut Nepalis, limier co anknowlatigos that soy toms and conditions Imposed bi Buyor's londer(s) or by CFM3 /Innolroments shall not or affect or 0)df7n0 the Buyer's obligation to close a ulnae:Ian affect tun, Mans or conclliOns of this Contract. 52' 0 (b) This Contract Is continuant upon Buyer obbormeng a written loan canmgment for a0 convontlowl CI FHA tom O VA or O other _ _, _ (dostabo) low on ihn following terms within Of loll tannic then 45) a' Clain after Siloam, Oath (-lion Commilment Date.'pli for (CHECK ONE): CI axed.(] adjustable. n alma°,oP adnistablo sate low, inn the loan Amo (Bee Promo, SOBunt ). nt an InitialIrina% no a to OXCeed % (a toll html, dam powagiog into bused 'span Buyer s crailtworthiness), and for a loan of (il loft Wank, se than.30) years clinancingl.
On Boyer shall make mortgage luau restrIcaSon for the Financing wilithm,___ .0/ toll blank Wen C.) cloys oflor TO Etta Date end urn good faith and Moe:a elicit to nbhan a wiitlen than pommilment for the Financing (teen we Coming:awn/ end thereallor to dose tins GOInang. Buyer shall keep Sao( and Broker fully in tormed about the tom status of mortgage Loan appricatloo nod Lunn Comomilmont Mod nalhollyna Buyers omitting,' broke and Mayors on londor to tli3C/O1O such status and progress to Steer nr4ISMdr. We
us Upon Buyer's receipt of Loan Contoilmont, Boyar shall provide voltam wilco of sortie to Softer. It Buyer does not min receive Loan Cornet ilmoni by Loan Commignent Dab, then Ittareufler *rho: puny may cancel this Contract up to 'in the settler of:
13tryer's %Weis
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cooLaden
124 ra0 larar.
EFTA01079630
iw (I.) BUyetts den:y or wallon notice to Seller Mat laryor hat natter recolved Iman Comma:tient a orociad ia w veMvo the finusvann contIntency d ails Contract; or nea () 7 d prior to tho Glenn Dote specified in l'aregropli 4, eedch dans, for eutpown of dao Patogradt et Nb) in, alla nol he modifiait Ir/ Itaragroph 5(n). nt II °liber party instity tances thltiConIrcel enstiant lo flís Patentant, 0 and Buyor b not in dotatill Linder Me lents nz ol iNs Conti-ad, Meyer tholl ho ndinsittri lho Devisa Mende releasing &Hm und Setter (rom til fitthet ns obligasons onder lias Contrat,. R Haber party lias lintely onceled Mas Contracl t'instant tn Ibis Paragraph 0, ne thon Oie 'Mandrin code:nunc/ 'M'A be dountod entrel by Biya. ria ll Dent defivors witten notice ol receipt d taon Coran:due:g to Sulla, and lias Contract duns nol Marcotter fw dose, the Déposa shall ho pald b Stem %mine Whou In deso Is duo to: (1) Selles derveill; (2) Noperly related in conditions of the Loua Corn/Mimant hava nol hem, mol (okapi arvon suai Colalikas nro active by otter iue provisens of Ibis Cnittract); (3) apuras& tar lho Propcity orvained hy [loyer° 10115/177 In Justifiaient lo miel foras nt al Mo Lean ttninntilment; a(4) Inn Inari Is nol lunclud duo fo linancial fedure of Buyervt lande, In witich ovonl(s) no es Gueuse chfte ho mtomed Io Mer, thereby Weald% Bure moi Sot)! iroin u11 tolite obligations onder Uis ▪ Contract.
in CI ic) Assomption of «HW° mortnago (ace Mur for toron). Clasr emahipm rup„ps note and motel» lo Saur (lob adore; addenda; or appelai damos toi terras). les CLOSMIG COSYS, rus AND CHANGES
cas O. CLOSING COSTS; 111LE INSUFIANCE; SUI1VEY; HOME WARRANTY; SPECIAL ASSESSMENTS: IN . in turnentary dame lotos and Stinte an t'Und, il MW • HONCOndornIniurn Association °trappe' foras ou • Omets Patay and Chocano (if limante 0(n) 0) ta checkotf) • (fitteollreg und athor tees tlf,13del to cure Pet ne • Mo semai cierges (il Paruntaph 9(c) Nfibe cheettod) • Sollers otromoys' feus in • hiunicasel lion sourcil (Il Pmanruph 0(0) (fia, (✓1) lu cleucacd) • 011 am en If, Mo; to Casino, Selles b tondu to mont tint AS IS MaIntenorto fiequirnment as requIred by leiWngraph 11 in a stro equcd Co 125% of crtellinalcd Costa to untal (ho AS IS itednIonanco Requiternont chai ho .03C(071311 at 133 0103/112. W nclunl cote to omet Ibo AS IS 11/1113111311117140 Requin:mont oxceod uso.towed amant Seller s'id 134 poy such kW& oasis. Any tmused pue« ol escroc/Pd °rounds) MW bu rolurned ln Seller. as (b) COSYS 1-0 OE PAIE, BY DUYER: ne • Texas and recordai° loos on noies ana incrimina • Loin, exportas 137 • Recoeing fan for Muid and firnricital alarvincits • Appralual ken vis • Ornera Polky end Charges (d Pnronmeh 9(c)(a) Is eltektd) • noyers Inweedone es • Survey (ami &ovation codifiant:ro, Il requlteci) • ihiyes tillornoys: lues no • Lendors tille poficy and ondomeniunts • M propnity relatai :nattants. im • HONCendominlum Association appkationnianSter tees • Onnes Pony Proinfirm (Il Partputpli %42 • bAuntleal lion satire% al Ntragrvett D(c) (Il) la chccied) 0(u) (il) te chockel.) 1434 • Othon
(o) MILE EVIDENCE AND INSUR ANGE: Al Man (if loft blank, Men 15, or JParagraph 8(a) Is cheeked, ne Men 5) des piler Io Matin° (kt° (-1Illo EvItIonce Deattanol, a tala insuntncit Ittnninhalent issued by n ms Florida licensud Otto ireurur, tvIth beau copina ol instruments ktud na exceptions attachnd Manda Omo w Commitmorn and, aller Closlim, un ormoie polig of Otto Morutier (sen STANDARD A for lerins) ah» be 7111 obtnirel and iltsfuormi Io Enver. Il Sen, hat /11/ 011/1107.3 poney o/ silo lourountrO onv0rer/ Wu liutil Nançay, els a con allai Lm Apnached lo Roy« and Closinn Agent willan S tlays tsar Mamies Dato. Tho ovines Bk 114 policy produit; Wu soarch and docing zone:ces (collactively, 'Ovines Poky and Chues') shahbu palet as 111 307 10,111 below. Tho taln Innitertornr mouton chorgon lot flic ombra euky and tany endort polir/ Will bu ult oatolidud and alicculed in accoutume tvillt litatida /nt, but may te reportai callottintly on connin t'Amal:y 133 manda:oit °Irving **sures and n'0ur ciment; docementa. 114 (CHECK ONE): iw• 3.1 (t) Seller sitar dodurete Clnsing Agout end pay toi Oum', l'ormy ad Carupoo, und linYou &Iole PaY die nt reern1Uni kW troyen loodes poCny mol charges for cl0sing sondces tobstud to trui landes poky, in/ ordorsenurnS and loua cfrerner, Virile anintels shah M pald by Eiger tu Cl0aIno Agoni or cuch oder 16I provIdor(s) as noyer nury select; Os la' I.i (II) &HM nid designer° acting Agent and pay (or CWIterS Poky and Charges and charges lor clonait re, services Malt° to Bures landes psticy, e•plotgoments, nnd futur camion; o, 141' El MO IMIAMI-UADE/BROWANO REGIONAL PROVISIONI: Seller WU hante a copy of a prior enta% 142 poky of Ide insurato or Mites °vident° ni Wo and pay bon lut: (A) u continuation or teint', el such tub
K" Buysea Inge.3" Papa :1 al 12 tenor,I Mllak " !MblbsolneafkrfealopASIS-.. Roy. W IS fb$15 Florin Flieforee-ol rk•nat Mo. AU tes. meerrod. Pe3“antlifitvrotetiverd 113771-anenr•hrtAn4....u/d3sen.,374 Is/x01.3vaseo 13474/4744440.3
EFTA01079631
nor evidence, which h assoplabki to Boyars Po insurrumo undormiter km IONSIJV of coverago; (B) lax search; to and ((.) municipal lion sarredi. Buyer shall obtain end pay (or poSECkning continuation and premium for 101 Buyer's owner's policy, and II aprairkr, (Joint's kindoec poky. Seco shoe not bo obligatad to pay mom UV dour S III loft Wilk, uteri $200.00) for abstract coridniratbil or like search ordered or trt performed by Closing Agent. is (d) SURVEY: On or notate illki hivichinca Voadine, Buyer envy. al Buynes expense, have Elm Roar Property In Sseear:id and Certified by a regblesoci Florida surmyot rSurvoy"). If Soler has n survey covering the Real in Propnity, a copy shall be furnished to Royer and Closing Agent within 5 days alter Eductive Dam. or (e) HOME WARRANTY: Al Closing, U Bayer Cl Sailor LS) NIA shall pay for a home Warranty plan issued by lit at a cost net to OntliA 3 _ . A home In warranty plan provides for ray* no replacontoM of many of a home's mechankel syslorns and oinks( built-in 01 appliances in the event of hrnekdrrom duo to normal wear and toor dothin mho noruomorrro minority pcdod. os (I) SPECIAL ASSESSMENTS: Al Closing, Sailor vAll pay: (0 Ilso full amount of liens imposed by a pubic body no (While body' dons not include a Comics-Ili:titan nr Homecnynort. Association) Nat nm core:lad, conllrmnd Ind or fuelled boforo Closing; sad (1) thu amount of Mu public body's most resent °Amato or OSSQ5$010/14 for an in Orprovanunt which is sthsteplintly competito as of Ellocfrve Unto. but Ord has not rustled in a iron boing as imposed on the Proparty bola° Closing. fluyru rbal pay all mbar intOltn1011111. II spucial asscsaments may in. bo paid h installments (CHECK ONE): tor (3 (a) Seller shall pay Installments duo prim b, Clarion one! Boyar shalt pay Intlilint0012 duo allot Ciusing. tot installments propakf or due for tho year of Crosby shall ho promlud. ter OD (b) Seller shall pay lire assessnmst(s) in full prior to ur rat the limo of Closing. .12 IF NEill lf:Ft BOK IS (3 IECICEO, TI IEN OP I ION (a) SIMI!. BE DEEMED SI a.ECTEt). 114 This Parx,paph O(i) shall not apply b a special benolit fax lien imposed by a nommunily clavnlopmont rfistrkt rat (COD) puts° lint to Chaplin 190, PS., which lion :hod ha prorated pursuant to S I ANDARD IC
ay I wpcisisurtim
la 10 DISCLOSURES:
In (a) RADON OAS: Radon Is a nobody occurring radloactivo goo that, when it Is accumulated In a tankful° in In SUNCiatil quantities, may present health tisk!' to persorm who nrn aXposad to it over lime. levels oh radon that rot extend fedora; nod sloth nukloinos have been (mind In hoiklIngs In Floilda. Additional Information regarding tor radon and radon InfaIng may ho obtained ban yote county health department. ma (b) PERMITS DISCLOSURE: Except us may hove boon disclueod by (Mar to Boyar In n *Minn disclosuro, WI Seller loon not know of any IMINOVOI/011gt made to the Property which ware meths ethout required wails los or made pursuant to permits which havo not bean properly dosed. fro (o) MOLD: Mold Is nolutally occurring and OW OHOSO heallh thini em &MOO to property. If Boor Is contained tsr or desires additional infonnalion rcgardim mold, Buyer should contact art appropriate professlonnt to (d) FLOOD ZONE; ELEVATION CERTIFICATION: Boyar is ntivis00 to verify by elevation oodifento which fond In zono the hominy is In, vAiolhor good insurance is required it/ Buyers tender, nrrJ what restrictions apply to No improving the Property and robulkeng in Ma event of cnouulty. It Property Is in a tpuchl flood Hazard Area' COI or -Coastal Banter 8040/KUM Acr designated area or othenvlse protected arms Mailed by IN) V.S. Fish N2 and WIWI° Servica under dm Corwlai Barrier Hesourcor, Act and dm lowest floor ninvalion for tau bulklIng(t) SO and /or [boo hiSUIBlico men° purposes Is Endow minimum flood elevation or is ineligible for Bond Insurance sot cot/trap through the Nalonal Flood Insurance Program or private flood insuremort as drittnad in 42 U.S.C. §4012n. Ifeyne may in/intrude 'his Contrad by delivering welkin nog= to Seller Villein ___(II loft blank, 20) than 20) days offer elective Dale, ad Burr shrill be refunded the Deposit thoroby roleasbn Buyer and aor Seller frurn all furthar obloalions tinder this Contract, Irving which Duvor °counts =HON MrivOilvi of as bullrings IOW flood zone utisignallon of Properly. Thu National Flond Insurance Program may assess an additional fees or at4ust preiniens for pan-Rood insuninco Rote Nap ((aeEIHM) nonpripnery SilUall(09 no (moIdomini sU undo, In which rho lasurud or UpOUSCI does not reside for at least 50% of the yew) and an Pil elevation certificate may bo required for xluartal Mktg. (o) ENERGY BROCHURE: Guyer acknosalodoon roculpi of Florida Enermrifilliclortny ilathg Information 213 Brochure required by Section 553.996, F.S. me (0 LEALIGASEO PAINT: If Properly includno pre-197O residential housing, a load-bused paint disclosure Is 234I mandatory.
tie (g) HOMEOWNERS' ASSCCIATIOMICOMMUNITY DISCLOSURE: BUYER SHOULD NOT EXECUTE THIS 217 CONTRACT UNTIL BUYER HAS RECEIVED AND HEAD THE HOMEOWNERS' an ASSOCIATION/COMMUNITY DISCLOSURE, IF APPLICABLE_
ilieors silents _ Pagano:13 13ver's /AIWA 11:44014dloierlx1410lat-ASIS-4 I len 0/ISS2OISTIorlig 110.2401) eel The Refill Eau At rebla lcOwc ••••>,....0‘01...One.46/• worm:runt., /24 rue Meurer
EFTA01079632
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ar (h) PROPERTY TAX DIECLOTIME summmv: auyen MIOULD NOT ROY al Tur, SMATITO CURRENT PROSE/ITT TAXES AD IKE AMOV/II OP PROPERTY TAXES IIIAT 111E laIlYER MAY BE ODLIOATED TO PAY IN MO YEAR SUBSEQUENT TO PURCHASE. A (MAMIE OP OWNERSHIP OR PROPERTY IMPROVEILENIO rnttiotao REABSEGSMEND3 OF 111E PROPERTY HIRT COMO IIIMULT IN RARER PROPERTY TAXES. IP YOU HAVE AMY CIUSOTIONS 00e10EIIIINO VALUATION, CCIITAOT THE COUNTY PROPERTY APPROISP.RS OFFICE FOR II(FORMATION.
CO FIRPTA TAX WITINOLI/INQI Seat otalt ban 0 got 11000 l fitly It 'Rao person" to dented by Po Ns 1u4, Waimea In Rani ',Nona?, Tar Act (•FIRPTA'). arm ao some shoe convoy rob Hippo, eater may «qua savutg ato.Nn tdakmai eon el aodno. E OoTer Is nal a Ilcoolgn porton', sew pen ptom,,, :pry, al os D,Ni I, 03p00, a coonnolho of nn May, Mal.,, ended seneltledO story. le Mom Utow and Cerslip ATM OW to withal:10 Is emimi Sao dIANDARD V lot furihot ameLan poiolnk le F1RPTA. Dom sol Soto no saVsed Co silo /ail almeol 001 la Ittlaa teplaVor Re's temooDeo RIRS 0.700.4"4. /W OO svh0hhohIlirmseedrotrinfo Piseuilll Is 'CAPER. 01 ainum I/SOLOED/1Es Lam Imo., of ni lute molodollV SOW fee aleo of la Roil StePkg), whkh aro Mt tatty obsavoble ad salloie tune ilol boon *TWOS lop Ow Escopl ci mead for In Ito pond to sordinta, Star wends sod harsh no war* MO Mal to lommonuan ol inY typn tam 0060 oI btorod. a IS Ito 09,k4I (neon 0 MIRO, el IM PROW. laws ces edema* dilated h %Una Solla bat lecelend to 0460 01 wiped' nolbe tom en canners (E0 ordIf a SPORT et to 0 popery Lencroolod buTd10, eafroortalsl or stdOy collo *Iola.
let PROPERTY ISAINTENAKCD,CONDITIOV,INSPEOTIONS MD EXALTRATiON9
In II. PROPIttlY MAIIITENAAVCi Cecepl la easy wow and loot eel Convoy aim 800 alb] traMIsh Els em PlaollY.framEAL ad al MOOT be, lam, *alma ad pool, In AN opeacti medeo ao et Elfe.tyo DoR en IS MalmemencoRKIMMIIIIIII
an IT. PROPERTY 'OSMOTIC* RICHT TO CANCEL! to pd PROPIOTY IHIPIIMMOII0 am mop), CAnaft: bigot that Ilan -0- ,(It WI 4.00, lam 10) lot SP .039, 4Pdalla Deo raspogton PatIOCInAfta ankh to linto such Impeottons at the Propolty 20 PltiOffld SS Olga *k at 4ollb ceinha tho Inoptalmr Paled II &or Stamina, In Duyer's SOO WO *maw Oa Inn Papery Is ma Attentive°. 0 Dolt, Misr lay lamina OS Stant by tot affinity mein Malt *Ionia -m.1 to
Saar WI,
ospotaPai of amatan PoPal. II Sayer 10 6133.31 appantog its Comilla, Ito Papal pal eh to rtatat a Ere, flattops% Duni one to stun. stall to latattl a ai fajta °alarm) initot Ma Gnaw!, nohow, Bay alai Au tit naponmblo at peal I pajama ice laai lonint'4211. fa toga' ol Snipe O and testatakol et donsal Papal, tottling Wm Wok In any coil ea pato Sian is.n pad neap
ar MI war dons
at in on she calling*
exttolec• Ito i T to pegmect &rem Soya, Za0P3336 3110 p,v13IVII x011631 'II of St Papally prot(No. shot canter tom:talon at tIT:t Contmobl Oast lippor et
nt ad NW l'P‘i Of SW% wourcamera; ntl oaloM. coda, rotItatbno, a
at atmontaloatopy topultautwo, tut to in As le Naratroenoo nottouv.eni, and bait JAW at roqibeellteausv'elocifer.
Na In (Id WALIVINRQUGH INSPECT OW Illeerlet (o CRilny Dole, or en CloOns cote
Co IV
Kt ADM eh:donna/ ROWIONialld .:.„,i foks,,,, „„&„thro,,,o, OF Poptuy gee? Co 0.010, am al Nu 0 emend Prop°, ate ea am No
vIs Gil Iwo owfolt:-od Oa Propoily se (molted by iho ler lo 11.0 0 OIMIV. a trellkdif II West-lobo rue nefoon • weallresph
Ni (0) Taltn /19813TANON AVIA OP EUILD240 POWYS: If Bum& me kspoldn of In Popsy. Main Me tt mitt Meill1 two saw thiniNfooty-rdoloto-lo CM B•yer-r0-cloren-wAlIs*-0 SW W34l'Ir0.00,14VCAM.S4-4 Ito mompIprommaleameo SW 00/0001e-Ponn1I-4 at salhorlaaltemrotsa
too Omuelemoysa-a
am imaelaeltlealminwearille Won Oil or puttto prior to Oloolos oA
gobon Woo -Tht."3%."*Cropofolle Odefoldtet RWIAWNINItialtHILV&I otattoottl iorbodllotOttaat Attitaiwood, rilNisisellilkommalliontiv atordAdon
EFTA01079633
(d) ASSIGNMENT OF REPAIR AND TREATMENT CONTRACIS AND WARRANTIIIS: Al Ouyties optica and en con, Red» wil, al Closing, oosten all assignabb »puk, Irealmont and maintonance contract,' and wanantion In Buys'!.
as ESCHOW AGENT AND BROKER
ria I3. ESCROW AGENT: Any ()lobs) Agent or Esanw Agont (conectively "Agent') rocoiving Øe Deposit, »her lunds no and ober items is oulhorixed, and :term by accop!onco of (hem 10 daposit dom promptly, hokt same, In oscrow •an wattig dm State of Rotka and, istiONCI in COLLECTION. disborst) dm» b accordanco with terms ani cordltIons na ol Ms Contract. Fáluro of funds to horemo COLLECTE() shell not excuse fluyneu portoonanco. Whon eonLetIng ao llegnill4C tor be Deposd nro mcolved, or Agent has n good feitt, Mina as to ontilloment to iho Deposit, Agent tap may take toch acions ponnated by thls Paroetanh 13, as Agent riemns advientio. It In doubt ns in Agontia dulios ni or llobilidos oortor Ihia Contract, Agent may, M Agent'', opport. continuo to hokt lbo sidijoct matter of be oscrow na unit the paveos mto° to Ils dIsbursemont or oogt a friet Moment of a soort of compoloal knisdIctIon thatt 243 Oehumbite lbo deins of IN partios, or Agent may dogma sanne wilh fhn ob» ol Oio circuit court hoving juilsdlellon re. ol th() clinflitle. An ottorrity oho reprusontS a piot/ and ohm acts as Agent may tapre.-.ent such party in tutti wo argon. Drum nolifying an padjes concemed of such sen»; all hobby an tho part of Agent slaan rury tormInnto. are °sec» to tho °bont ot accounting Ion any komt prolontly dotterend out of ascrew. ila Sconsed roei Moto 333 broker, Agent win comply walt provisjons of Chopier 475, F.S., as ormindoil end FREC ruim: u limoly resolve orcrow danulon Ihrough mcdiamn, Megaton, Intorpleador or on escrow dlebuisoinorit ordor. ss, Any proceeding baaneen Buyer and Sotar whonetn Agent is mail° a party because of aaiing os Agent hercondor, :sa or in any praceotgrO Micro Agent blerpholds mollrir of the eervair, Afpunt skog rendeer rousonoble zul »broers faas and costs inotorod. Zo bs pokt pursuant to court order out uf tho ~meed funds or equiwdent. »2 Agent shot' not ba Saldo in ten party nr patnon mrt:dors/0,y uf any ascrownd kun, marsos tata, mbdotSeery Is ni due to Afrooft wild» eneela of (Ns Contract or Agent's grosu matigen»). Thlo Parogranh 13 shot' stoelen ambo 201 or tormlnotion of Ibis Contract. ns 14. PROFESSIONAL. ADVICE; BROKER LIABILITY: Wok& advitoo Bevit and Sehr to verify Propody conditio», 330 square toelage, mi oil »hor bals and representalions made marsvaan 10 bb Contract and to omstik opproprialo rel professionals fur tofst, lax, envItOttnIonthl, oud ogief modaliteit echte concuming triatlon alfading the Propedy ns ond dm tionsoctIon contOrnpfated by bb Contract. Broker roert:bonts b Sopt !hot Brokor doos not rondo on Iho an Pmporty and bal a rOprosontations (or», enigen or Omwas» by !hok» wo baad on Nekt roprosenlatIons or roa intik records, OUTER AOREES TO RELT SOLELV ON SECCER, PROFESSIONAL INSPECTORS AND sst GOVERNMENTAL AGENCIES POR VERIFICATION OF PROPERTY CONDITION, SQUARE FOOTAGE AND 303 FACTO THAT MATERIALLY AFFECT PROFEET'? VALUE AND NOT ON THE REPRESENTATIONS (ORAL, aai WRITTEN OR OTHERWISE) OF BROKER. Buyer and Setter pridieldually, the Indomnifying Pony) oach ▪ Ir rally Indarenates, holde darmloer., and 1010•103 Broker and &Moto <Akers, »rectors, agoog& and ns ompioyous trom alf Eabilny for loss or danige. bekading all code and oxpenses, and roatunotile okormay's rees ;n al all bents, sofforod or brurred by Welnu and [Doken uitkom, Oliedom, agonto and omployans In conneOlon ser wal, or ruising boni claims, demonds or causes of action instiluted by [foyer or Salto, basod on: g) baccarat") of ac Information providod by Uta Indomnflying Porly or kom public, ravioli; (II) trxlemnifyIng Pulys nesslatoment(s) or ,» tethue to portaal contractant atittgo*no; lkokoes podormanco, ai InderniiityIng ParqrS request, of any laak aai boyond trio ecopo of sorvices regulatod by Choptor 476, F.S., ns notondod, Indiaans Brokers reierrol, an roronna lotion om ordondust of any vonder tm, or on belieg ol IndeninlyIng Pony; (ie) product° ex services sia• providers by any toch eend» lor, or un bobt» of, IndennnifyIng Pruly; ond (v) oxponsos irmorod by may such 3O %tender. Buyar and &Kor match ossumos he/ roapuneilstily for soloeting and compenscifing Snib fespeclIvo vondor0 3t4 and paying hat oden code onder Rail Contract whother or n» bis Immiaction doses. Thb Pnrapraph 14 wIllnot no Animo [treket ot statutory oblbagono onder Manou 476, FS., na offl•WdOCI. Fe» potpoeneOf bis PamilfaPh 14. no Broker wal bo Mok» tm a party to INs Contract. nis Paragmph 14 shag survive Closhig or lormfna6on of bb str Contract
I le DEFAULT AND DISPUTE RESOLUTION
ns la. DEFAULT.
no (a) DUVER OEFAULT: If Huy» Init, no0lncs or refusos tu perform /kwart; oldignnoriu ander Itils ()ontroer, • IndirdIng papte» ot lto Doorzit, wIINn the Ilmegg spet:Wed, Solfer may doet to temeer and rotoen lbo ars Denosh tor gm account of Smolla as genood upan Ilqukfated clanuttor. conskloraron lor oxocullon of bis na Contant, and In tutl »manna» ol uny claims, wheraupon Ruim oud Sol» shall be follevod from all harther ro obil0ations order hits Contract, or-Selloargl-SelleSsontsienr ineyromesont-to-Partgronti-.16rproeoed-tn-MoRY VI le-oriform-Selkien-sinklu .rader-Itsh-Oentrooti Tta portton of aio DoposII, II imy, Paalti to Linksig 0/004 open
%pies fratiob . Peso 0 ol le Suite frak* D4r fke2ArtoebralltitliOre-ASISC nor. WIS 0. 2015 floatta Rente439 anti II» fetrat Do ittgactiv443 en...4 ti"..0 ene. irttone.our A.s.ron.. in» nauji4 IA. ns r ireainta
EFTA01079634
no default by Mayor. shod be spii 'squally bete/con Listing Brol:w and Cooperating Hrokor; provided however, yr Cooperating Broker's share shall nol be groom. than Be commission amount Listing Broker hod greed to eta pay to Cooperating Broker. no (b) SELLER DEFAULT; II lot any reason other than failure of Seller to rnako Senors title marketable alter sso reasonable ODOM that. Seller Mits, nnglocts or refuson to perform Sallee obligations under Ibis Catheter on Buyer may Mod to receive rotten of Buyer's Deposit withoW theroby waiving any action for trainers resulting In from Sacra breath, and, pursuant to Paragraph IS, may acok to recover such damagos or sank teethe 337 porlomianco.
ni This Paragraph 15 shall survive Closer or termination of this Contract. as 16. DISPUTE RESOLUTION: throwhied conouvorslos. claims and other mallow hi question 'foremen Buyer rind an Sneer arising out of, or relating to, Ibis Contract or is breach, onto:coma or intammlallon (Uwelit) vill be xl7 added as follows: an (a) Soya' and Seller vria titive 10 days aka tho tido contacting demands for the Deposit are road* to attempt to 31/ rosaVo such Dispute, foiling with, &Nor and Seller shall submit such Dirawto to ineedlotion undo, paragraph so
341 (b) Buyer and Seller shah attempt to nettle INtputou In on wnlcablo manner through inodialiOn IftUOta to Fisridn 312 Tides for Corliflod oral CourtAupointod Mediators and Chapter 44. FS, as amondad (the "Mediatbn 313 rho mediator must be coddled or niusl have experience In to mat °stole inthistry. Inkinclivo relief may be 314 sought without fest complying oda Inks Paragraph 16(b). Disputes al willed pursuant to this Paragraph 18 etas may be resolved by instituting action In the appropriate court having furisrlintion of the matter. Tit Paragraph sw 16 shall survivo Closing or tormlnarkin of this Contract. so 17, ATTORNEY'S FEES; COSTS: (ho parts will split away any modiation lee incurred in any mediation permitted 743 by this Contract, and oath pony will pay their own cosh, expanses and lees, mil's ding atlornoy's fits, Incurred In 310 conducting II* mutilation. In any Mention permitted by tins Conrad, the provafing party shed be °Milled to r.4 recover from the nompatai:Ing party coats and foes, including' ressornbio allorney'o loos, Incurred In conducting • tho legation. Win Paragraph 17 shall tUiViVil Closing or termination of Ibis Contract.
prc STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS -) 353 10, STANDARDS:
xi A. TITLE:
0) TRLE EVIDENCE; RESTRICTIONS; EASEMENTS; IMITATIONS: MOM tho Ulna period provided In sz4 Paragraph e(c), the Trio Comwelmunl, with legit copies of Inskumouts latod a,, excoptlons ahrtelad thereto, au/ chat be issued and delivered to Buyer. TIE Titb Commitment shall set forth those matters to be discharged by lit Seiler nt or beton. Closing and sling mold* that upon recording of Oa deed to Buyer, an ovniers poky of We ass Insurance In the amount of the Purchase Price, shall bo Issued to Buyer insuring Buyer's marketable Rio to rho so linal Property, subject only to the tokiwing matters: (n) comprehensive land use plans, zoning, and other land err use reshblions, prohibitions and requirnmonts Imposed by giwornmenlot uuthoilly; restrictions and matters r.st appearing on the Plat or olhonviso common to the suinfirbioni (c) outstanding oil, goo and atoml rights of 341 record without right of entry; (.0 unpinned public utility onScinonln of record (located contiguous to real property so linos end not Mood= /0 kat In width as to roar or Iron) lines and 7 1/2 foot in widlb as to side linen); (o) lures ass for year of Closing and subsequent years; iavl (I) wigwam' mortgagor and purchase money mortgages, if any (if 7:4 addsionul tins, attach addendum); provided, lie, none prevent use of Proporly for RESIDENTIAL PURPOSES. as/ If there °Asks at Closing any violation or bunt laroditini In (b) (0 nbuvo, then the enure shah ba deemed a tile 331 &Ica Makolublo lido shall be &Minima according to petal* Title Standards adopted by authority of (be so Florida Bar and In sccontanco with law. 3,0 (A) TITLE EXAMINATION: Buyoi wort huvu S dayn now moolpt ot lltb Commitment to examine it ad natty :in set, in wiftilyi epecilying c'oloct(s), If any, that render ate unnuukOlebb. If Suitor 'frost= Tab Commitment and an it is delivered to Buyer loss thou S dnys prior to Coning Onto, Buyer may extend Closing for up to S days after so, date of receipt to ostunae cane in accordance With his STANDARD A. Seller shall have 30 days (Turn Poke) 174 eel receipt of Buyer's notice to fake :dawned*, diligent Morin to remove defects. It Buyer falls to so 1101.4 373 Seiler, Buyer shah he deemed to have accoplod lido as It then In. t Sake Curt delocts.within Cure Period, Serer 370 will driver written notice to Ruycr (with proof of axe acceptable to Flury and Buyer's rlinntoy) and Ilio padiea will dos° thin encitinel on Closing Onto (or 0 Closing Dole has passod, within 10 day:: altor Buyer's receipt of 370 Seller's notice). If Sella is unable to corn &loch within Curo Period. than Durk may, wahln G days alter no expiration of Cure Period, deter wrdfon /IOW to SWOP: (n) osionceng Caro Period for a spot rid period not to 3.0 exceed 12Q days vAlidn Mach Seller slid continue to use reasonable dinged effort to romovo or cure dip defects so (•Esiendod Can Period*); or (b) electing to occopt trio with osiers) defects and close 1h4 Contract on Closing
Sureee 'meals Pogo Tut 12 Saes lohlats F/OrklaRo.VoStioad120M.S111-4 P.cr.N1603:015flokranoteeeogonilinsFrodiallar. Agaghb vs Ernorriviriwaw44...i. proter•ivorafimr.h.o.t3We.vice.g.4 $1: Taantn fl.tcWoottas
EFTA01079635
StANDARDS FOR REAL ESTACE TRANSACTIONS ("STANDARDS, CONTINUED
:Mt 1/110 (or II Closing Onto hos plumed, within go earlier el 10 days after end of Extended Cure Period or Buyer's 393 re0Olat of Seiler's notice), or (c) Mooting to feiminato This Contorts and receive n rotund of the Deposit, Newby 114 4000106 Buyer am! Be4r from as further otAgulluns under plus Contract. 11 alter maw:sable diligent effort, Sailor ono Is unable In timely cure defocts, and Buyer does not waive the (toroth). this Contract shall torminelo, and Buyer 3$6 shag foolvo n refund ot the DepoSI, thereby releasing Buyer and Seller from all bather obligations under Ibis 30/ Contract
303 B. SURVEY: II Survey discloses encroachmenta on Thu Real Property or dial improvements located thoreon no encroach on setback Hoes, easements, or lends Ot others, or violate any restrictions, owenants, or appecahlo no governmental correlations &mashed in STANDARD A (I)(e), (b) or (d) above, Buyer wall deliver written nottw or 30, such MOItufel, together with a copy of Survey. to Sider whin a days allot Buyer% recolpt of Survey, but no later m than Closing. It Buyer timely delivers nod notice and Savoy to Suter, omit mallets klontiliud In the notice nod se) Sorvny shall constitute a idle defect subject to cure obligations of STANDARD A above. II Seller his delivered a err prior survey, Seller she, at Buyers request, execute an ailidavit of 'no cinema' lo tho Real Properly, alms the 31.!, preparation of such prior survoy. In TM us lent tho alternations Mean uro me raid correct. C. INGRESS AND EGRESS: Senor represents :hal there b Ingress and ogres° to the Hod Properly and rite to 'al 610 Real Property is insurable in accordance with STANDARD A without oxception for Melt of legal right of ▪ noceco. rat D. LEASE INFORMATION: Seger shall, at least 10 days prior lo Closing, furnish to Buyer estoppel tenors trOm ,.e tonont(s)locoupent(s) spurirythg Imbue mei duration of occupomy, rental rates, advanced rent and soopily Is, deposits paid by tenon:(s) or occupant(s)(Toloppol letter(:)'). If Seller Lc limb% to obtain such Estoppol Lotter(e) hen the same Information shNI bo lundulied by Stdirer m Buyor within that lirno itried In Iho form of a Sellers affidavit co and Buyer may Marengo contact %mol(s) or occupant(s) to confirm such information. II Eatoppol Lettor(s) or 401 Seller's affidavit If any, differ inatoriney from Sellers representations and Icatao(c) provided pursuant Ill cat Paragraph 6, or it 1003111(41011014$11111(6) ILO or refuse to confirm Selak's affidavit Buyer may deliver writton notice to Senor within 5 days ago receipt of such Informailoft but no Inter than 5 days Mot to Closing Dale, terminating this Contract and receive a rotund of Inn Deposit, thereby reloasiut Buyer and Sollor from all further obligations :a under this Contract Seller shall al Closing, doXvor end :coign at 'Isaacs In Buyor who shall assume Selbi's • obilgetIons thereunder. no E. LIENS: Senn shaft fumbli to Bayou at Closing ws affidavit attesting (i) to Ihn absence of any fionming • 410101110111, claims of Ian or potential Enna known to Suitor and (II) that there loco been no improvements or 4;2 10flakt to the (teal Property fur ao days Immo:HMO/ preceding Closing Delo. If the Root Properly has been 03 improved or repaired within that time, Soifer shall dallier 10104960 or Waivors el candrucam hens onicated by all 411 gonoral contractors, subcontractors, suppliers and malariaman in addition to Sellers Fen affidavit wring forth ms names of all such general contractors, iubcontructon, suppliers and mator)nfrenn, kelhot nfleming that all 4i$ charges for Improvnmenio or repairs which could serve as a basis for a construOkei lion or a claim for damages fie have been paid or will ho paid at Closing. -no F. TIME: Colander clays ohall be used In computing time periods. limo la of the essence In this Contract. 41$ Other than time lot octopi:vino and Elfectivu Dole as sot forth In Paragraph 3, arty limo porlods provided for or cos dates specified in lids Contract whether proprinloci, handwalton, typovailton or Inserted heroin, whkonitall end or occur on a Saturday, Sunday, or a national legal bokric'y (see 5 U.S.C. 6103) Shall extend to 6:00... (whore the 4,2 Property Is located) of thin nod business day. ago 0. FORCE MAJEuRfl: Buyer or Soifer shun not be roguirod to perform any chiluarion under this Contract or be in liable lo each other for damages so long as performance or 110aperfallaallt:6 of ihn obligation ha delayed, caused sss or prOVOlitad by Force Mujorro. Tome kojenrie moms: hualcanco, contiguities, goods, Ciu, acts ti God, 4/6 unusual transportation delays, was, Insurrections, and acts of tonorlsM, and which, by exorcist) of coxcomb% dligent Mort, the nonperforming party Is unable in whole or In past to proveni a overcome. All limo periods. 40 including Closing Onto, will be oxlunded for thu reeled that to Force Meteoric prevents porforrnanco under thb 0 Contract, providod, however, If such raw /Asthma continuos to prevuot porformanco wrier gds Contract 111010 479 than la clays boycott Closing Dote, then either party may' terminate this Contract by derwering twitter' notice to ni the other and iho Deposit 'Sib be refunded to Buyer, thereby rola:mem Buyer mid Suitor horn oh further vai 013600110ng under link COntratl. as II. CONVEYANCE: Seller shall convoy marketable lido to lho Real Properly by statutory warranty, trustee's. 431 personal roprosontative's, Or guordlanin deed. au approprIntn to the abbe of Seller, :subject only to matters of described In STANDARD A and those accepted by Buyer. PuMnal Property shall, at rogues( et Buyer, be sea ItansiOrred by obsolete bit of sale nth warranty of tato, subject only to such maters 93 may be provided for In 4,/ 11113 Contract. :In I. CLOSING LOCATION; DOCUMENTS; AND PROCEDURE:
Oucert.losim
Paganof IR Sector's gA nottiaterkeniFibtectincAtiaSc Hay.0.150,P016 Flo049 !twain/4441Mo A4401.124attmil.
1,41.r..:44 co: nil
EFTA01079636
STANI7AHUS Nal/REAL aSTATE MANSACTIONS ("STANDARDS") C.ONDNUED ess LOCATION: fleeing will take place In Ihe courtly fore Urn Real Property boated at the office of the .10 attorney or other dosing agent (Closing Agent) designatarl by lho party paying for tho nvmorrt poky of tern in insurance, or, if no title insurance, dui:roamed by Seller. Closing may he conducted by mall or eleclroric Means. as (a) CLOSING DOCUMENTS: Sailor shag at a print to Closing, execute and deliver. as appliceble, deed, bill of 443 sale, certificate(s) of Rao or other flOCUMOigs flOCOVIOry to trarrofor to to Propoity, Ilan 444 stladmer(s), ownoec possonsion and nu ten afIldavi(s), and assIgnment(s) cd leases. Sacs shall provide, Buyer 44$ vAth paid roceNts for all work florin on rho Properly pursuant to lids Contract. Boyar shall furnish oral pay for, as 440 applied/a the, survey, flood oloraUun certification, and documents required by Buyer% hinder. 447 gig PROCEDURE: Thu deed than ho recorded upon COLLECTION of o0 amine hands. a the Tido Comma:lent ea provides incuranco aithlost advise° matters pursuant to Section 021.7841, P.S., as amended, rho osaow dosing eio procedure required by STANDARD J Meg bo waived, and Closing Agont shall, subject to COLLECTION of all ire closing funds, distant, at Closing the brokerage fees to (trotter and Itto not saki prosuods to Seller. eel J. ESCROW CLOSING PROCEDURE; II Title Commitmont (mod pursuant to Paragraph 9(c) does not provide 432 for Insurance against advoreo monism oc pormIttod tinder Section 627.7841, P.S., an amunded, Oho following es3 escrow and do&ng procedures slits! apply: (I) all Geeing proceeds shall be hold In escrow by the Closing Aeon' en. for a period of not more than 10 days alto, Closing; (2) d Suitors Urlo le rendered unamikelable, through no fault ese of Ours. Buyer shall, within the 10 day period, lucidly Seller in willing of the doled and Soler shall have 30 days 455 from dale of receipt of such nmilicntion to cure liar doled; (3) If Salim Nth to timely cern Mu defect, the Deposit aw and ral Closing hinds paid by Myer Mall, within 5 days attar vendors demand by Buyer, be refunded So Buyer ond, 4.41 simultaneously with such repayment, Dearer shad return lho Personal Properly, vacate Iho Root Property nod fe• no convey lha Property to Sailor by special warranty deed :and big of sale; anti (4) II Buyer lolls 10 maim Sanely 44:0 d0INDX$ fur refund or limo Deposit, Buyer shall take thin as IS. Wa Moo a Oho against Soifer as to any intorvonthn 161 defect except as may ha available to Buyer by virtue nt warrnntos contolnod In the deed or WI Mealy. rex K. PRORATIONS; CREDITS: The lueuvriro recurring hums teal ho mare current (if applicable) and prorated as as of the day prior to Closing Oath, or date of occupancy if ocetiparmy occurs before Closing Date: real °onto taxes to (Including spode! Innen( lax assonsmonlo imposed by a CDLt), Interest,. bonds, assodalion feria, insurance, rents cm and other expenses of Property. Buyer shall have option of hiking over existing potion of Influence, it .se essurnabio, In which oven! premiums Mug ho prorated Cash at Closing shall be Increased or decreased as may our be required by proration to be mode through day prior to Coring. Advance runt and security doposIN, U any, will 40 be credited to Buyer. Escrow dopoues bold by Sulkies ntortgunee "All bit paid to Seller Taxes shall be prorated 4/0 based on current years tax erth due allowance medo for maximum allOwable dlecotml, homestead anal other 4,0 exemptions. II Closing occurs on a dale when current years milling° is not tbrarl but current year's assessment Is I available, lams still ho prorated bated upon such assessnumt mkt pdor years Waage. If tuned years in assossmeM Is not available, then taxes will be prorated on prior yearn tax. If there ore completed Improvements 0.1 on the Heal Property by January lot of your of Closing, which improvements wore not in existence on January 1st rri of prior year, then taxes shall be prorated bided upon prfor years milieu° and at an oquilahte oisiossinent to ho agreed upon bchvoun tho pantos, fairing which, request Obeli be (nada to the County Property Appraiser for en too Informal assessment taking lino account avellabio exemptions. A lax proration based on on eatinato shall, al °idiot parly's reauest, be roadjustod upon racoNt of cannel year's tax Ca 1Ns STANDARD X shall survive 0.1 MEIN.
in L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, ANO WALK:Unicorn-a sever shall, upon reason/1ND notice, provide oliNIcs stavrce and access to Property for appraisals and inspeelions, an Iodating a wak4hrough (or follow-up wok-through if necessary) prior to Closing. 4/t2 M. RISK OF LOSS: If, Oar Effective Delo, but before Closing. Namely is damaged by lira or other raamasy 42J (-Cusually Loss") and cost of restoration (which shall indicts cost of paining or removing damaged noes) does en not exceed 1.5% of Purchase Price, cost of rosloraUon Mall tin on obligation of Solar and Closing shall proceed as pursuant to Corms of Ills Contract If rostoratIon Is not completed its of Closing, a sum equal to 126% of estimated (se cost to condole restoration (not to exceed 1.5% of Parches° Price), will be °Sabered at Closing. If actual cost of 45/ roster/gull Cf4COOds ow nWild among% Sella shall pay such Wont casts (but not in uxcess or 1.6% of Purchaser 401 Price). Any unused portion ol esernawcd amount shall be returned to Softer. If cost of ingtorallon exceed(' 1.6% of 402 Porches° Price Buyer shall Sot in Maar take Property 'as Is- tonolgur with the 1.5%, or receive a rebind of the 400 Deposit, thereby releasing Buyer and Sailor here all further obgaUons under this Contract. Saller's tato obligation au with respect to Iron damage by casualty or tiler natural occurrence shall be cost of pruning or removal. or N. 1031 EXCHANGE: If either Seller or Buyer with to enter Into a eke-and exchange (either simultaneously ewYi ass Closing or deforred) undor Section 1031 of the Intomal Revenue Coda ('Exchange'), the other party shag 494 cooperate In all reasonable reSpocle le offecIUMO USD Exchange, InChkAng OXOCU0011 Of documents; provided.
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EFTA01079637
STA/8)MM; FOR REAL ESTAII: I HANSACIIONS ("STANDARDS")CONmuED
4.n howuvue, cooper/Ow patty shell Incur no ilatellly or oXprman minted 10 him Excliango, and Meng shall not be un contingent upon, nor extended or delayed by, such Exchange. as O. CONTRACT NOT RECORDABLE; PERSONS BOUND; NOTICE; DELIVERY; COPIES; CONTRACT us EXECUTION: Neither NM Contract OUI any nook) of it shag be recorded in any public records. This Contract shall as be binding on, and inure to the bonds of, Um parties end thok respective hairs or successors In Interest. to Whomever the context permits, singular than Include plural and ono goat shal
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