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9. ITEMS PRORATED. The tollowing items are to De ptorated betweea the BUYER and SELLER aa oi the datc ot closing: ;
(a) Taxea tor lhe current yeae including personal property taxes (U not defiaitety ascertalnabie the amount is to be con•
sidered lhe same as the previous ~ear).
(b) Rentals it any. (c) I'remiums oa aay existing insuraace poticies to be traasfetred to the BUYER.
(d) Accrued interest oa any exiating eaeumbraaces to remain on the properq?.
t~. INSURANCE SMAL~ B~ PROVID@C by Ihe Bi1YER. in the event ot a defened bataace. in a rompaay designated sad ap.
proved by the SELLER, containing mortgage or loss clause payable to the SELLER as dis interest may appesr, in sn amount
not less t6an:
(a) such amount ot fire insurance on ihe buildings and contents acquie~ed heteunder as sha!! equal the d^terred balance due
the SELLER. or the insurable value oi such property. whichever amount is smaller. and
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(b) such amount o[ windstorm ins~rance as shali meet minimum co•insaranee requirements.
11. A COMPLETE ABSTRACT OF TITLE in usuai form from earliest records to ihis date by authorized abstractors or title comp-
anies shatt be furnished by the SELLEB to the BUYER at the otfice of the agent withia ]D days imm date. aad the
Bl1YER shall have unii! days [rom th;s da'•e to examine the same. ;
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12. !F THE TITLE 8E GOOD, ihe SELLER shall deliver [or thc BUYER at the oftice oi said agent.
w•arraaty deed properly executed and conveying good and merchantable title ~o said prnperty iree and clear oi taxes. liens aad
encumbraaces. except as otherwise provided hereiu; the BUYER sfiall theiesiter• on or before 30--___, days this date
pay the balance, it aaq. oi said cash payment. and,deliver to tGe SELLER the mortgage ~nth abstract oE title or oth~seeurity tar
the deferred paymeats. if any, hereinbefore prov:ded for.
1~. IF THE TITLE IS DEFECTiVE, the BUYER shall specify the objectioas in writing to be delivered to the SELLER at his
oifice or resideoce. or at the ot~ce of his attorney, on or betore 20 days from the date ot delivery and receipt of We
abstract by Lde BUYER or his attorney: The SELLER shall on or before 60 _ da~s irnm the receipt of We objections
;n writiag either have the defects recti~ed or furnish t6e BUYER or his attorney with~ a title palicy issued by a company author-
ized to insure titles in t6e State of Ftorida. at the cost of the BUY ER: but in case such defects ia the title are not rectified wittun
that time. ot a title policy turnished as herein pmvided. the BUYER shail have t6e option oE accepting the titie in its e~dsting
condition or demanding and receiting back said deposit, and ali parties shall be released [rom all obligac:on hereunder, where- ~
upoa this contract shall be nuU aad void. t
1~. IF TME SE~~ER HAS KEPT his part o; lhis agreement, by fnrnishing good title as herein pmvided, and the BUYEA fails
to comply with the requirements hereunder. then the money deposited as aforesaid is forfeited by the BUYER an~ this contract
may or may aot be thereafter operat_ve, at the opt'on of the SEI.! ER.
1S. TME PROPERTY IS SOLO SUBJECT to the approval of the ow•ner, and the BUYER is entitled to possession oniy upon
receipt of deed as hereia prnvided. The SELLER may remove an~ objeclions to the ii[le at the timp of closing if the same can be
cione at such time. Building or use restrictions seneral to the distr'_ct, zoning regulations a~d provisions, and easemeats of record
shall not be deemed encumbrances. Time is of the essence oi thi s contract, aad the '.erms hereof shalt be ~ind'eng upon the l~eirs.
personal representa4ves. successors aad assigns of both the BUYEA and the SELLER. Wherever the context 6ereof so requires
or admits. the siagular number includes the plural and vice versa.
tb. THE BUYER~s aaorney ;s B• A• Bittan, Jr.~__P~O.Box 3Q9~Fort Pi ce, Fla., 33450
17. THE SELLER'3 attorney is
T'his is to acknowledge receipt of the sum of $500.00 as a binder
payment on this transaction by our finin Trust Account this date.
Willes, B'ttan & Willes ~ €
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