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STA~C:~.~~S : ~R REAL ESTATE TRANSACTIONS
E~ li~L'XCF: OF TITLE: (1? A comp:e:e :,L.:ra:t of ;i;lc picpa:e.i by a re, utable abstract firm pur.~orting •o be an ac.uzatt ~}~ao;>>u
:~:,:...r.~rr.t. ..:cc:~r.~; tne t,::c ta :hat rc~: u;k•.t~• ucorard m;..:i,l:c rr~vrds uf that c~.unty to t}u t3.ite of -
~:1: ~c..t: ~..:~S.bi.auia Gtt@ lu n:Ca~L~rAY N•:.~ ~t7 a:.,:1......:5 ~c~G.j~IC~ SL:~:: t b t}iE ~'IORLti $it ~lS NAtZ`sCt, St;GM'.:lb
. t:r.;o to tun Y . subjcct only 20 l~ns. CnCU:a-
;~r..:.;.-, <•x,:•;:;, .:.c .,r qual,£catians set fo:th in ti.u car.c:..ct ::::;1 u:we wtich sh:tl be dixhargrd by se!!er at or beiore c2os~:.~,(2} t~tle
~:,.>~.,r.~c~• at :~suc:l by a qu~Li,c;1 :~::r u..~r..: ;,~;r~~;ing tu is~ue to :nc bu~er, upan the recordwg of the dztd heze:.fter ~catior.~d. ~
.,i. •..:.c~ ,;....;..:.~~c u. t::c ..:a.,unt of t}:e ;~:u:'~..>e pr:.c L"1aul:fls ~:l' t,tie of the buyer to that rui pro,nerty, subjtci onty to Leas, ena:::i-` !
t,:..:._t., r.~~r;,t.,,::~ ;,r !;ua::4....:...ns art urtli u: L`c~ coatc;,ct and u.oae w•h:ch ahall be dischargtd by seUet at or beforC c2os:ug.
, r~:. h:,vr :i::re•n ;IS; :laya if ab~tr~ct, er E:~•e ;5) ~ays if u:Ie guar:.n:ce, fc~m t}:e date oE rettiving the evideace of tlde io ez:..^~.~
>.:aa~~. li tic;~ s i~:iz+.i ;u he ~:e:rct~~•r, thr buyr: a:.:.t., M•::Y..r. said penod :~at~.~y t'r.e se:let in writins sptcuying the defe:.ts. Ii ~~.e sai~ ceiec~
:c:-c:er U.c t.:i~ :.C.II'JIwc.dU1C, t2,e ~rller ~h~ll ha~•~ nscty ;;i)) ~ays from ihe receipt of such notice to cure the de:ecu, aad if aiter said pcacc
•r:.~: ~t.,.:i i:~.; },.~<<- :~ur3 thr uefecis, b~yrr s}.all have L~e o, ~ion: (1} ac:,e~rs.g t~tIe u it then u, oc (2} decnwding a refund uf ali u.:nica
i:,~rc;:c~•'.cr ..:.:.h .h~ll fur.hvv~tf3 ~ rrtumrd tu we buyer. and therrupoa the buye~ and selkr shall be nrleased of all fuzt:~er ob:iai-
i,,,:,s ui,~rr ~tus c~~,ivact.
It_ T:.`:1S7lXC ~SURT4AGF.S: T!~e scller ~hall fu:ai.i~ eiiop~c. letten (not rrceu.rily in ~ffidavit form) setting [orth the princ;~al halancr,
r.:~i},~.: ~.f pa}•cneia;, ~:ti~l wfcihcr t3~e m~rt~aFe is ia ;:n~d at:.n~.:ig. If thcre u a ch,rge Eor the c}wuge of owocrs2~ip rctirords, by tne mo:tgc~cr, i;
.:...l1 F,r• i,..rr~r }~i• ~hc 3,i~ye•r. SrJiri .}wU raccavc as cc~: :t at ric,~.ng, ;~n amow~t ccual to the eserow funds heZd by the n:ort~:.~te. Yf the eznti.,;
::~~~:t,;..;;e rr.;usc. ::,c t~u~er to a~wr.:r a:.r.~e, ti~ea uic Lcrrr s:~;.Il uu ao, ,~r~v:uru. h„N•evu, ~f the ux?rtgagee Jucs oot accept die buve:, :}:en in
:i~..; r~~•:,: ;,cci:rr:~.~;, ti~e Lu}•ec at 2:is optx~n, :r...y c..:.c~l ti:e cvatract an.l all ?:~~s:ies paid by t!?e buyer shall be refundeJ to 2hC ~uyer.
f.. CL~RC!lASE \t0\EY 1lOR7GAGE5: .~ny p:u~l:a~c money notes and aores,sa re4uued by tLe contract shall follow ~}ie forau gcr.c:ai:~•
e~..! .~:,.i ;.,e.i u~ tl~e c+~us,ty wh~ cr ~he i.u~~! u:;.c..:c.i. Az.y purchase a:or.ey :nortgage sAall provide for iiuuraace againu loss by fue w•::`~
.,.i ~.~.~c;..,:.• :t. .+::~.~i~~~t nut lcss t::an thc f::i: ir..L:::b:e valuc of :i~e :n~p:uvemrnU. ln a fust mwtgage, the nnte ar.d qiortgagc si::.:i
~:...:::c ..:;r:ci.:ti.~n, at ti~e option of the ho:.lrr, :,i:er ti:irty (.i0~ ~'ay~ urt,,n:: and in a sscond mortbage, after fL~t~en ~15) days de:acl:-
.3 n:~~:;,;..,;.• : ii:~U :c ,uire a murs~;ago~ to wee,~ a;; priur Iiens and racumb:ances iA good standias. Buyer shal! have t}~e right to prepay aii
;,r ..i tiie pr.:.c:, al at .?ny time ot times w~;}~ i~terest :o date of y:+ym~:~i without peaalty,
ll. nTIlFX ~10RTCACtS: In the eveat buyer executes a mortg:ge to oae other than the sellet, all ooats and chuga incidental t}~.ereto shaL ba
, .':.c i,;:y~r. . .
E. 51'li~'ti2': !i L~C ~u)'Cr ue~ires a suney he a~::.i+ ~a.•c the pro;krty surveyed at his ezpease prior W closing data If the survey s.~cwa a:
_.~:r.~acl::acr:t, the same shall be trwted u a tidt drfec:.
I'. TF?il~llTF. l\SPt:G7'70\: Prior to c;~cinti, :.i L~~ci s enpence, the ua;•er sh~ll have the rigLt to have the pro, erty :n~•~ecie.'. b}• a uc~m~-.i
i..:i~.ic•,i c.;~•u:~u:.~~.~: tn .1~•ecnn~ne whct}:er ti:rn: is aay .rctivr tcrmite infestation oz daauge from prior tersnite ir.:est~:ion ia :::r !
u:~;~~.•v,•~a~•:,;. ~.+i.i j.r,~~x~rty. tf thcce is a~y ~i:ci~ i:.it~.tati.~n or u'amagr, the ulkr sA~ll pay all costs of the treatm.~nt rt~~uice.l t.. remc.iy
:ai~: •.c.ch ~~.ir~t.~c.,~„ ur , a:~i.«;c +a rc~~rtr:1, ~nci~.'..a.: :i:c _cuat+ of rcpairing o~ rcplaciag oll ~rtions of saul imp:uvemrr.ts v~'ri:ch .::r
,::fc.r~•.i or 1+ivr ln~r:, ~am:~~cyl. Iluwr~~er. in ti~~ rveiu :i.e ~~~t~ to tre inceurel are uwre thaa thrre l3:) percent uf thr ;~urck..se p:~..,
.i.c3.. <t :iie se:ler'i up:,on he may car.ce: L~e •~n::..ct u;;:.;n cen (10) days of the receipt of the teiuute insxctioa zeport by gavicg wr::tra
,...t:cc .o u.e Luyer.
C:. 1\Si;R~\CE: lf inscrance is to bt ~zor..teJ, t:e se': ez shaIl on or before the ciosiag date, fiuaish W buyc a12 iasur~ace policies oz cu;,:es
: i.rrc..7.
!I. LEAtiEJ: Ti.r •~:~rr .hall fumuh cop~es o: all w•r.;trn ?rascs ;u ~~e buyer pr.or to closing and if there are any pusons ia passessioa w.~:.tca:
.v ::~rn :ra~es, est,~~~, , i;e;ters lrom such persons specuyu:g the na:ure and uun~ou of the oce~:.-~r.cy shal! 6e fumuhed to tiu buyer ~y c'r:e
.cilr: , . tu :i:~ ci~.~~r.s ~iate.
J. Jf ~C:i 1XIC5 I.IF\S: Sel:er st
~ll f,:m:sh to t:~ bu>. a:: aG'~:?..vit that there have been no improvements to the subject property for 90 d:.ys
, •c••1. pr~~,~r~i~t:4 ih~ .:a:e oi clocin~;. li tnr su.i.•;ect property has brra ssn, roved w~chin 90 days immedutely prece;l~:,g the ctwing date. Lhe
:.i,..L' .:~•i~. rr rr:~•...cs ur waivct oi .~II iurci~.~nks l.cna e. ecutrl Ly gcncr.t contracton, sabwnuutors, suyylius or maten~l mcn and xller
a
u~~•cf...n~y I:Cq ~tIi1~ViI. ~
J. Y1..~C6 OF CLU~i~G: Ci.~.u~~ ~hall !x• i.c1J at t1.r oiSce of thr sclleis ntwrncy or as otheewise aYreed u~n.
I?. T1U6 lS OF' TIi~ FSSfi\CE: Timc is uf thc cs~cr.cc of ti:r Cunu~ct for Sa2e and Purchase.
i.. iH1Cl'~tl:\TS FOR C:LOSIIC: Seller's :.;to:r.ey nr other closin~ agmt sha!1 prepare dted, eo:e, modgage, >e21er's a.~'i:?avit, cl:~s:: ~
i::,te: :eat asxi sub:nit copies of same to buyer a a:tomey, :nd copy of c3osing statanent w the broker. at kast two days prior to sc
:edu cu
cloei.~ c:a2e.
~f. F'1PE~SES: Scat~ suriax and uxur.:entan• s;am.nc W;:;ch are required to be a~aed to the instn?ment of conveyance, :ntar:gih;e pezwa~
:-:x~•a :~n~: :i,e rn.t ~f reear.;u~~; tne purci.:,~e r.x.i~ry moz:~.,ge ~ha~l be paid by the selkr. lla:umentary s::.mys to be :.Efi~cetl to u:e
:...ti•. .r.:uc..' }~y t}ec j~u~a2y:i.e money in~~s:~.ige ..:.d :}:e cvst of recozding ihe deed sh:.ll be paid by the buyec.
I'!il>RA7~!O~ OJ' 7'A~1?S (R1:.~L 1~1) PERSGXAL;: T;~z~~ ~hal; bc pro:ate3 baxd upon the wrreat yeat's taz without re~ard to di~count. Is
t.~i.~•> ;,;ac~~ ,~r.~~ the cisnent ?•car's taaes ~rr ~tiot t:~ed, :u:d the current year's a~sessment is availablr, ta:es wil! be pror.itr ~ b::sed u;::~::
tiu~•i~t t::r ti~,r ~•.•.~r's mitt.~~~~. If t'ie cuacr.: ~•e~r ~ as~essmrr.t is not ~vailybk, then ta:es w~ill be ptontcd on t}:e pzior yeai s t:a,
:,n. i,::, }.,,u~e•~~•:, d~err u con~plrted ~m, covemen: of the ~ub;ect 3;remi~es by J:nuary 1 of the year of ciosuig, t}:rn the t~zts a}.a:l ~e
-.,r.-.:~~: t., :i.e u.,:e u: ,Io.~ng baud u;
~n tFe prior ye:.r i n: ::age ancl an equitable assesstatat W be ageed upoa beiwcen the ;..rties. t.:c:ng irto
c:,:.•i.i~v..;i.>n li~:nrstead ?:scmption, if any.
O. ~i'ECIAL ~S~ESS1tE\T LIE\S: Cettifird, COI:Ii,:,^.ed o: rat~rcl special asseasmeat liens as of the dete of closing (and not as of t~,e d:.te o:
':~e ~~ncr:.c:~ .::e tu be J~:~~ ny the seiler. Pei~t:ir.e fiens as of the d::e of e(wi~g sh~l! be assumeci by the buyer, pruvicied, '.tieweve:, that w:~ez~•
c:~e ::n;::;,rer.~er.t 't.~~ Lrrn ~cbstantially com, lr:ed as of t}:e date of t~.e contr~c., such , ending liens shall be considered :~s ceraiicd, con:irr..e::
u: r.~t,f:ed aud tne scl:er s}~aU, at clusing, be c~arged s.n ~mount equal t~ the lut estia~ate by the public body of the aaseument for ~~e
i::.;~ru~~e:r.er~:. -
P. PER50\AL FROPERTY: 7?ie se1ler represrnt~ :~n~ K•arr.~nts that all ma;or applances aad machinery induded in tne ~ate sha;l be in ga~c:
~~~Tw:t~~ orcicr ..::c :rpa~r .s uf the date of clos:ng. All personal pzoperty ~h:ll t~ transfured by Bill of Sale with ~Varranty of Tit2e.
Q. RISI: OF lnSSc If the improseme::ts are damaged 'oy Sre or casualty hefore delivery of t~e desd and can be restored to substantiaiiy L':e
~!,~c: :.:.w w;;3~:n a~eriod of Gd d~ps tnccea.°ter, sed:tr ~~11 so zesrore che improvemtats aad the closing date :nd date oE Ceiivr.ry
~t, i.e•.~~::.i,ri~~:e pruvidecl shall be ex:c:.?ed accordinbly. If xller fais to do so, tl:e buya shall have the option of (1) takm~ tne .
i~, ;~..;r: :~•r w:t~. in,uzance procer:ls, Sf :~r.}•, or c:.ncell:ng t!u conuaet, uxi all deposits ar• • i? ~~it}.with retursrd to tiv.e bu~e:
:.ri,i p..r:.ea 5'c...:i Le :r:eased oi any and al1 ~blie~:ioa :nu liabii.ty.
~511\ : I~:~.1\CE: Be:wcen t}:e date of the ecn!:act _.id ti~e date of closir.g, me property, u,.luding lawn, sF.n:bbery auc'. r.ool, ~f ~:.y, s:.a:l
i.r ::~:..:.:..,a.:•'. b~ u:r ~cller in the conuitiun ~s it exvted .s of the date of the cor.tr.ct, ordi~~ary w~ear and tear ezcept~.
S. FROCF.EUS GF S.~LE: 7'}:e Deed shall be secorced u.d the evidence of title continued, at felltis tspense, to show tit:e in the buyer, wi:::~.::
C::CVi::J:rt:C~') or change from the dste of the :ut er'deuce render:r:~ selier's tids unmuketable, and the cash proceeus or such saie st~.::i
t~c i.~~i,: is; e~;::,K• by the x'.'.ers ~ttoney or b~ such oiner mutually agreed upcn Escrow Agent for a period of not longer than five (51 da.,.
. u:::..cc ~i Si;,ud:,- Sundays and holi~Iays. If •ne sr!ter's titte is so re~~2err.~-~xanaf'rtettb' rs-attarne~?shai~c~ti:ir~tl:~ ~SZid i:vc ~.5,
~:..y ; e~...~. r.~,~i{y .P;:rr i attcrney in wriung of t}.e drfec: and the seiler ~~a'_ ,hfv~ t}~.irty~ 1~,4a)' ` to~p tha,d.ito;,r.f>rer.rpt gt.suc2~ nr,tific~;:,;:.
c+::r ti.r defc:t. lu tt:e event seI:cr fails to temely cure said defect, p:l ~bnEes paia hereunder sh~11,`u n ~'vritten deuian~;~thetrior u•:ti,::.
~ i OR ~ Noys ther~aitcr, be immediatcly returne3 to buyer, nr.d simultzneaus~r ws:h-sy~h r~ay-{r•er?~ buy' `s` w.~y tju prr.~is~s a~zd recor.vr~
':TV OR 1e"~~ W~Ir+r.cY DeeJ. la du event of the f~iZure cf the buyu W ir~ake'f:iaely des~r~ fGr r tzkeTitte/`as~ it,,w:ivir.S a::
r~ c aS?inst tt-.c r}lec_ as t~ the intervening defeet. ! ii~ nCCOCC2: i.'~ w.C'Q a.ji:::y;: i:_ccrt~ _1` ~
Y~~Y Ti~9 ~g~~~,df~~~~R~ Brokez's cousmission shall be dubu ed at the time of tbe disbursemeat of ~thap~ooecds.~ ~2 Di S .
C :~tRE GO
...H~ n a~nssecCOa with any litigarioa " y out of the~oq~(~t~.~t~va}lig~rty sL~11 be en~tie~:
to rec:.rc:
_ COU -"'-r a~~itoroeys ices. Lca C~•,~~t F:_..~a
LORIDII. ~ . Ccu.tr S.
' ~;~,~?CS ysp ~p~~~~0~'~'~RDA$LE. Tt.is contract shall not be r ~rded ia ch~e off' the Ckrk V na~Cucuit Court of ~.e S:~te c:
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