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~ STANDARD~ ? JR RF~AI. ~.ST~ ~ 'a .t~NS~CTIONS
A. AA.CTRAC'~. Th~ s~ller at hls expPnse ~hall turni4h to the Du~er s? comptete aLstrnM et tilln co~•ering tho aubject property.
cert~[l~~i to t1 date subac~luent to tl~a. dat~ of the contract Dut In no evcal more than thirtv (301 daya prlor to the dute ot
acheduled ~tosing. 1'he nbstract s~hnll contnin nll re~•orded pl:~ts Ui~•ol~•ing thQ subiect pr'operly and wher~vee necessary. a
locntlon notQ ot tho sbstrncter.
Ei. F.XISTINQ N10It7Y3AGt:5. Thc scllcr shnll furnish estoppel lettcrs from the mortfingec (not ne~c.tisarlly 1n nttldavit form)
setting forth the princlpal balancr, methal of pat~ment, And whether the mortgn~e ls in ~oal stan~ln~. It thero fs a chargs
for thc chunge ot au•n~rship r~~~rdv b~• tho mort};n~ce, it shnll bQ borne c~ually Ly tha Duycr anJ the scller. SeUor shall
receive ns credit at closing, nn nmount equal to t1~e escro~~ funds held by tlic mort~;agec. If the exL,ting mortgage requtres
the buyec to assume ~.~mc, thcn tl~c bu~~cr shnll do so; ptovidcd ho~~•cvcr, i[ tha mortgagcr docs not pccept the buyer, thea
nnd ip that event occu~ring, 1he buye~ 1t l~is optian, mr+)' cnncei the contrnct nnd all motties pni:l ~y the buycr shuU be
retunded to the Duye~. ~
C. PI'B(`IlASr AIONb:Y ~fOlt'I'GAGF.S; I'utrhnse money notes nnd mort~nges required b~• the contrnct shall toitow the ,
forms generally nccepted nnd ?4sed i~ the coupty u•here the land is located. The pun•h:~se money mortgage sAall provide
tor Insucan~~e a~nfntt laas b~• tire ~~•ith ext~ ndrd covernge in nn :+mot~nt not loks th:+n the full in.vurable value ot the im-
provcmcnts. In n first mortKn~;e, ihc note nnd mortfinge shall pruvide for acc~lcration, 1t the optto~ of tho holdcr. after
Lhirt)• t30) dnys detuult and 1n n second mort~age, niter fifteen (15) dnys clefpult. A secnnd mo~tgage shall requlre s =
mortgagor to kcep all prior licna and encttmbnn~~es 1n good standing_ i3uy~•rw 5111II ll:l\a: th~ ri~ht to preptty all or part of '
the principal :?t any timc or times w•ith interest to date of p,1~•mcnt w~lthout ~cnnlty.
D. OTt1r:R \IORTYlAGF.R. In the e~ent buyer ex~cutes n mortgs~;e to one otlier thnn the seller, all cosGs and charges lncl-
dentni thcreto shnil be paid by the buti•er.
F.. SI'R1'E7. If the buycr desires a survev, hc sh111 h:n~c the property surve~ecl, nt his expensc, by a i~egistered Florlda I.and
Surveyor or F.nfiinc.:r.
F. TEli~I1Tt: I~SPE("I'IO\. Prior to closing, nt bn~cr's ~x~nse, thc buyer shnll hnvc the rffiht to have the property inspected a
by a licenscci n~d bonded exterminatar to d~terminc H•hcther there is active. live termite infestatlon in the improvcmenta ~
on eald prnpcrt.. If thcrc is such inf.staUan, lhc sellcr shall pn~• nll costs oE thc trcatmcnt required to remedy such in-
testation so rc~wrted includinR the cust of rcpairin~ or repl~cing all portions o[ 31~(I improvements whtch have bcen dam- ~
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uged. In the event th~• costs to be in~urrr~i ~re more than 3'; oi the purrhl~ price, thcn nt the seUet's qption, thls
contract may De cnnceiled nnd deposlt moncy mturned. i
r. I~1i'RAI1i(`~. If insur.~nce is to be pror~tc~l, the scll~r shnll, on or beforr the Closin~ dnte, furnfsh to buyer all insurance
policies or copics thcrcof. •
f[. Lt:A~FS. .Thc sellcr sh111 [urnisA copics of all «ritten Icascs to the bu~er prior to ~lasin~ and if thcre arc per~ns in
posge~~lon «~ithout ritten leases, estoppe! Ietter, from such persons specifying the nature nnd duratfon of ti~e occupancy
shnil be furnishcd to t~c bu~•cr b~• thc s~llcr prior to the rlosing dste.
I. ~ir:('liArlC~' I.IE\C. Scllrr shnll furnish to the bi~~cr an n[fidarit ti~at there h~ve bcen no improvementa to the subiect
property for 90 days immedi:itch- prccc~linfi thc dlte of closin~. Tf the subjcct properh• has bccn improved wit6in SO days
imm~dfately precedin~ the closin~ date, the s~ller shall dcli~•er rcloases or ~~ai~~ers of ait mechanics' liens executed by general
contractors, sut?contrlctors, supplier:: or matcriaimen together ~cith seller's mechanics' lien n![idnvit.
J. RF.~'F.RTF.IiS A~D RF.SF.Rti'ATIONI. All m~•erter pmvlsions and rrsenations ~tfertin~ the use of the pmperty for the pur-
pose sei torth in thc contract, shall bc rclc.?scd of record at s~~ller's expcnsc unireg exUn~uishcd by the 1ltarketablc Tltle
Act, F1oHda Statutes, Chnpter T12.
K. PI.ACE OF CLOSI\G. ClosinR shnll bc hcld nt thc office of the scUer's attorney or as othcn~3sc agzeed upon.
CORPORATIOi~S. Scller, nt the buyers v?ritten mquest, shitl furnish proof of corporate cxlstance of all corporAtlot~s aet
forth in such request np~:~rinR in the chain of title ns of the tim~ such corporations acyuired the property and conveyed
samc.
~t. TIJIE I$ OF TIIF. FRSF.NC,F Time 1s of the ecsence of the Contr~ct for Sale nnd Purchase.
i DOCI'\IF.NTS FOti ('IASING. S~lle.-'s nttorne~ shalt prepare ~ced, not~, mort~ngc, seller's afHdavlt, seUeYa closing state-
' ment and submit copics of v~me to bu~er'~ ;ittorncy at teast h~•o da~•s prior to schedulc~l clasing date.
O. F.ICPENSF4. Surtax and State documentnrp stamps n•hich are requircd to be nftiKed to the instrument of conveyance, ~
~ lntangible pcrsonal proprrty taxcs :?nd thc cost oC reconlin~ the purchase monc~~ mortgafip_ shall 1Ze pafd by the seller. ~
E Documentary stnmps to be :tffixed to the note or notes secured b~ tt~e purchasc moncy mort~ages and the cost of record- -
~ ing the deed shall be paid bp the bu~•er.
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f P. PROitATION OI~' TAXt:~ ([icnl and Prrtional). Taxes shatl be pmrnied based upan the cumnt year's tax a~~lthout regard
' to dLgcount. If the closing fakes plnce and the current ~•ear's taxes am n~t fixed, and the carrent year's aasessment ia
~ avallabie, tlxes ~ti~tl be proratcd bascd upon such astic~sment and the prior ycar's milla,r,c_ If thc rurrent ycar's assess-
ment is not a~ailablc, then tnxes ~cill be prorated on thc pri~r ~•ear's t1x, providcd, ho~tever, if (here is compteted im-
"s
s provement of the subiect premises b~• Janu~r~ 1 of the year of tt~e closing, then ttie taxes shall be prornted to the date o!
~ closing bnsed ~~pan the prior ~•enr's mi!la~e ~nd an equttable As~cs~nient t~ be ngmed upon between the partiea.
taking into consideration appiicable homestead exemption.
y Q. SPt:CIAI. A.~~1~:C~~IE\T I:IF.\~. Certificd, confirn~~d or ratified special assecsment liens as of the date of closing (and not
~ as of the dnte of the contract 1 are to be paid b~• the seller. Pcndin~ licns as of the date o7 etosing shall be assumed
3 b~• the buyer, provided, how•e~•er, thai ~vhere the improvcment has been ~ubstlntinih• completed as of the d:?te of the contract.
~ such pc~niiing liens shal! be considored as certified, confirmecl or r:?tified and the seller shall. :tt closing, be charged an
~ amount equal to thc last estimate t,~• the publtc body of the asscssmcnt for thc improv~m~nt.
~ R. PF;KSOA 4I. YROPFliTY. The scller rcprescnts nnd wnrrants thnt all appiiances :?nd machin~ry included in the sale shall
~ be in good a~?orkin~ order nnd repzir as of thc datc of closing. All pcrsonal propcrty shaii be transferred by hill ot eale.
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RISK OF LASS. In the evcnt of 1 CASt13It} loss, the selter sh~ii have a masonable time to repair the~ damage and ff
~ he fatis to do so, the bi~yer shalt hnve th~ option of: (1) :akin~ the pro~rt~• ns iv, tofiether µith insurance ptoceeds, if
y any, or; (2) cancelling the c~ntract, And :III (~C~S1tS are to Ue forth~eith r~turned to the buyer and all parties shuii De
; released of nny and all obli~;ation nnd linbilih•. I3etKCen thc datc of th~ contract and the date of closinfi, the property
shall be malntained bp the s~ll~r in the condition as it existed ati ot the date of the contract, ordinary wear and tear
± except~d. t ~ s
= T. PRO('EF.D9 OF SAI.F.. The cash bal~nce of the piircha~e price Shall be pnid either b~ c:?sh, cashicr or cettified check.
The dced shatl be rccorded, and at the bu~•er's option, the abstract of title ~ontiniicd, at bi~~•cr's expen5e, to show tltle in
; the bayer, w-ithout chnn~e from the dite of the last continultion, renderin~ seiler's title immarketable. The eash proceeds
; of sale shall be Reld in escro~v b~• the seIIer's attorne)' or b}• suct~ oth~r mutualh• ~~reed upon escrots nRent for e pedod of
~ not longer thnn five ISI dat•s, exclusive of Slturda}:g, Sunda~•s nnd holida~•s. If the seller's title is so rendered unmarketable,
~ the buyer'4 attorney shnll, «ithin the said fite (51 dap period, notiffl• seDer's :ittorne~• in w•?iting of thc defect nnd t he
selier shall ha~•e thirt~~ (30? dnps from the d~te of rcccipt of such noti[i~•ation to cure the d~fect. In the event sei[er fntls
r to cure said de[ect, all monies paid hrrcunder sh~ll, u~n ~~'ritten demand th~rrfore, u•ithin fi~•e (.51 days thereafter, be
; immediately returned to but~er; and simultaneousl}• u-ith sueh repay-mrnt, bu~•er strili ~~acate the pmmises ~nd reconvey by
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' special warranty d~ ed. In the event ot th~ failure of the buyer to mlke den:and for rc[und, he shall t:?ke ttUe us 1s,
°s
Haiv(ng ali tights agninst thc scllcr as to thc intcrvcning dcfcct.
¢ i'. BBOKI'R'S C0111115SI0\. The brokcr's commission shali bc disburs~~l at the timc of the disbursement of thc proceede.
ATTORNt:FS' FF:t:~ Ati1) CO~T`. in connection ~cith an} liti~;ntion arisin~ out o[ th~ contrnct, the prevnlling party shali
~ be entttled to reco~~er aU costs incurrcd, includin~ reason~ble attorncys' fees.
CONTftA('T NOT Bt:('OKUAIti.r;. This contract shall not be mcorded in the offic~ o! the Clerk of any Cireult Court
oC the Sts~te o[ F'lorid:i.
~ ° R 216 ~~~E 9~9 ~
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