HomeMy WebLinkAbout1174 ~
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St.lUC~[ CouH~~ ~
ROGER Pb~Ya~~
c~ cRK Cf~CUIT COll~j_~
~U~ ~ L 35 PN ~y~~ANDARDS fOR REAL ESTATE TRANSACTIONS ' . -
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EVIUFNCfi OF TFt1.E~ (1) A comp4te abshact of tltk prepared by a r[eP+table abstnqt 8'm."pnrpoctio8 to be•w ac~~lnt~-SYoo~~s
.t the ~nstruments a(fecting tl~e titk to t6at te~! propaty ~reconled ia public reoordt ot tl?;~t cc~uqty to the cLte oE••t}~ls cvntq~~t: sbuwwg in
~he selki : maiketablt titk io aocotdance with tiue stanSa ado~ from tiWae to tiaK br the Florida'Bu. su61Cn oat~? to )iens. encvm- ,
,T .~,r ...~.z_~? J.a11 !~e d:scl.u4ed br sellet at or before elos~i. .(2) a t,tle
blance: e.iceptai?s 9!+~+~'~""' to iswe to the buyct, upon 1he reccxdin~ o! tbs d!w! nerca(tu meouuu~+;. _
g~.uantee comm~m~ent ~s.wed bY a qualified titk iasu~or ageein~
d~~ uwner guarantee ia the amount o[ tbepur chssep ~ce iawci~ the titk of lhe buyec tu th:.t ~~~I property, s~lblect adY to L'rns. rnair.~-
brances. e:ccpt;ons or qualii;catiowt set (atL ja Wis oontract ~nd thoae whidr a1~aU be cl~scharBad by selk~ at or be[ore cloaiAs.
Huy~ec shaU ha~?e [iEteen (15~ days iE abscrac~. or fiYe CS) Jays ~f eide [~o~ tbe date ul ~eceivwg the evidux~e of title w e:amine _
~ame. U titk is found to be ~ efective, the buyer shaU. within said period ~otifY the sellt~ In w~ting sj~if~~ing the defects. If the saiJ Je(c~t;
rrnder the titk unmarkctable, the seUec shaU hara nineq~ (9~) dsYs from the ~~a of wch not~ce to cure the defects, and if a(ter ~nl perial .
.eUrr shall nut luve cured t1?e deEects, buye~ shall ba~^e tbe oPtioa: (1) accepting t~tle as it then is, or ~4). denwad'u~g a refund o( all aMnies
F,.,~ hereu~ler whicb shall forthwith be cetumed to tbe M?yu, aad thereuPO° ~ huyer ar~d selier ~h.ill ba rebased oF all further oWiga-
t~ons unckr this coatr~ct.•,. . • , -
g. EXISTING MORTGACES: '11~e.seller shall fumish atop 1 lette~s (not neoess~rilz in Jfidavit'iqrm~~iQ [o a~~Pt~ ~ tga~ee, R
method af pay~tet `ldd whetl~er tb0 ~;R IE thue Is a ch3r~fvs. ~dvLSP a~ if the eaist~ng
sAall be borne by t~e buyu. Seller shaU'receive as credit at cbsing, an amoont w~to.~b escrow f~nas~beW 6Y tlie m~tRaBK
murtgage ~uires the Iwyer lo aasume same. then lhe Iwyer shaU do so; pr~?viJed~~wever. if tht mb[!sagee ikx~~ut :?rcept the lx~- rr. then iu
chat event occurrin& the buyer at his option. maY cancel the coatrict aod all m~:es p~~l br ~he bu~~~ shall be Kfw~J~1 co the lwyer. '
C. PUtiC1lASE NfONEY 1lOR'IGACES: AaY Purchase n~a ~~Sa~ r~~ ~Ow~ {~S s~aUr
~fr ~ ~@~t
nwney mortgage shall proviap for iwa~raoee againte tus. by i' h
.~<<~•~~trd an~l u.nl m the r~unty where the IarK1 is (orated. MY P~x
~•:tc ~~~le~l c.,vcrage ia an amu~mt not lesc t}~.a~ the full imurable value of the ~~~~ault a,nd in arse~ondlmut18 8
c~~l~
* f~teen (I511~)1 d I~,~~It
;,~~,~~,fe E~~r acY~eleratwn, at uie opiiua u€ ti-.rc 3-.ii3er. a..er ihnrty_(?Q) c~-Ys
~~ec~~nd muri~;a~e shrll rrquire a mortRagor to keep aU prior liens and encumbraoces in go«1 statKling. BuYe~ shall have the ri~ht io piep:aY
,r ~~art uf the pritMl9~ st iP~T tipk •or: til~iw~t~tlAtete~ l4 date.~ IX?2~41 wit~out.~RilK u~cideata! thereto shall he
u. OTIiER MOMGAGFS:. In the~sva?t bu# esea+les a m~a~e. b o~e aRher t1~an-thexUer,a11 costsan~ e~
~,.,~d by Ihe buyer.
.~~rve
E. SURVEY: If the buYCr desirec a survey he shall have the FroPcrt~' sumyed at his eacpense Prior to clusin Y
encmachIDent. d?O saioe shal~ be trdted as ~ tid! dtfe~t-
F, TEgM1'i'E WSPEC7'ION: Prior to closing, at buyer's e:penu, the buyer sha!1 }?:wve t}~e right to have the prolk'~~Y ~n.~rteJ by a liern~e.~
,,,•1 t,onckd acterminator to ~e~ermine whet
h er tl~ere is a~?y active tem?ite i
n festatwm or dama ge from p~iur termite infestation .in the
;~,~provemeoK on said propeih. If there u a~Y ~~a~t1p° or damage. the scller shall pay all costs uf the tzcauueut reyuiral to remed}~
~~,y sucb -ialestation or elama ge so ~ePotted. io~~'°g ~~is of ~epainng or replac~ng ti11 puitiaa+ ~f~~
nt f~the ~N~
c}ia~t pn'ce.
:~,te.tcd or have been darrw8ed. j1owever, in the eveat the co~ts to be it~currrJ an morc than three i3:o Written
'~Nn, at the selkrs option he ~nay caucel the 'ootrx~t K'rthin ten (10) days of the rece~pt of the termite in•pectan report by gi S,
;,,t~ce.uthcbuye*• Termite infestation herein referred to also includes wood-infesting organisms.
c: 1!~SLRANCE: lE iasurance is to be prorated, the seller shall on or before tho cbsing datr. fumish to bnyer all insunnce policies or copies
t i:~~re~~f.
f t. LEAS~S: The selk~r ~hall fumish copies of all writtrn leases to the buye~ prar to closing and if Iberc an a°Y Pa~ ~ p°~DO without
z~tten leascs, est~pPd kttea (rom wch Persons speci(Y~8 ~ TM~ture an~l duration of the uccupaacY shall be (umi~hed to the buyer by the
F~ Iler prar to the closmg :late. for 90 days
~tECHANiCS LIE!~S: Seller shali fumish to the bu:. an a6iciavit thai t}?ere liave bern oo u°P~'°~~ ~O ~~bject propecty -
:~n~rJ~atch prrceding ~he date of d~win~ If the suLject p~opert~ has I~ten unP~O~ ~ithin 80 days inuned~atdY P~tc'~d~g the closing date~ t!k
j ~•lier ~hall deliver relMases or waiver of all mecnanics liens e. eculal by general oontracton. suLrnntnetors, suppliers or material men and seller's
! ~~:echanics lieu aflidavit , •
; PL~CE OF CLASING: Cbaing ~ha11 be 1?r~d ~t t1?e o6ice o( the ulkrs attorncy or as othezvvise aSreed uPoo-
E !i. TI\tE IS OF T}IE FSSENCE: T;me is of the etsencr of the Cun~ for Sak ancl Purchzse- -
~ 1.. I~CUAfENTS FOR CIASINC: Selkr s attorney or othet clas'a~8 a8ent sball preP~re deed. note, mortgage, selkr's sJ6dav~t, clq~iuy: .
~ shtement ud snbmit copies oE same to buyers attumey. and copY oE cb~~8 statement to the bt~oktr, st le~'t two daYs''f~~ur to sebedie~d
c{osing date. -
r uiretl to be aH'uced to thE ~t of eonveyanc~e. intangi6lC ~1
tii. ExPENSES: Scaca su,rtu md documrnary stamps w6ich are en
pruNcrty turS aed t}~e cost of reconlin~ the purchase ~Y TM~~B~K~ shall be paiJ by the selkr. Dnc+~nentary stampsitoybe affiu to t1~
mc~~t aod tbe ooat of reco~ciins the 3ea1 s6a11 be paid by the b~iyer. •
,,.~te~ ~~r rn~te., sa.~ured by the pun}w~ awoel~ W~
~ 1'RORATfON OF TAlIFS (1lEAI- A:VD PE1lSONALI: Ta:es sha1) 6e ptvrabd b~sed ~pon tLs cur~m~ Y~
s~`~"~'t regard to Jisca~n~ lf
~ t 1~c ~•kn~na takes place antl lhe curreot ytai lf tk
ivtrea~t.
~t~~s is~not availabk~
t}~ient tues w~fl be~
ted ou t~hr pr
tiorhye
r
s t~m
~u~i~ ,.w.a~t snd !lee~siar Y!~
}mi~!!~- ~ vemrnt o
f t h
e s
~
b
j e c t 1 1, nE. tix y~ar of c~ising, tTsrn tlr. ~A~p: •h.~12 I~e .
yrovnle~l, howe~rer. iFth~ rr 1s ~~Qk xcmi
~.bY ~y -t "tb be sgreecl upon bthvcen i!~e parTN•.., !a
kinR utt~; i.~!
prcxated to the date of closiii~ ba.xd ulwn the Prio~ Yeai
s milla~e am! an eq6[ bSe - - - '
COnsidlfit100 ~M~ ~il~a. if i/Y• " ~ _ ~ ' ~ , - • , - : ' t • J ~ ~ rn . -
~ia?t is af fhe date of Clo~ (aedtot ~s o~ t1?E~te of •
O. SPEC(AL'ASSF.SSI~fElr! IdENS: Certified. oonB*~d a ratlsecl s~ecLf a~t tbe buyer. pruv~ded, Mwever, that whers
the cvntract) aie w be paid~r the selkr. Ptndins lieas as of the date ot cbsins shall be usumeid~ sl?sU br coasidend ss eati[ie~. a~firmal
che unprove~eest La~ been sYbsta~ti~ilr co+aptaed as o~ tb4-d~1oe d tis oootrac~ s~h i~~a for rhe
ntified asd tLe selkr sla?b. at closini. be c6ae~CCd ~o i~ou~t' eqi~1~Y~` t6e last'~stia~ats by ths Pu~ ~Y
im ovesl~t. ~ , . ' - . _ = - ' = - -
{x _ _ i~~..:~~
cs ~nd warrants d~ac all m.~ot~, c]~~ Jn she r~k shan be tn Raoc1
P. TF.I~SONAL TI~OtElITY: 'ibe stlkr repr~sew shall be
t~r'~ns re~ b'Y
B 1 of widi WursntY of Tit~~
.+urk~~ orckr and reWv u of the date oE closios. All pe*sond PropertY
Q. R1Sl( ~I.06Sa If the improvemsnts ue da~ased by Sre or casualb before delivery d the desd wd can bs rataed to d,b~ta~f drli erv
ed g
same ca~di ac now with,n a puiod of 60 ciays tlxceafter, uUer sh i~ f°~ to do soro the buyer shall have~thed optiun, t,{ ~ l~taking tl~e
~ ,~t ~x~..e.•ion hereinbetore pn~vided shal) be extended accorc~nglY•
E,r~~txm as ic, together w~it}~ inwr+nce Prooeeds. if aay. or (
2) r+nc~ l ling t
b e contract. uxl a11 deposit~ sn ~'~thwith rttumatil t.~ the buyer
and all puties shall be rekased of anr and dl c~blig,ation and liability.
f R. lNA1NTENAhCE: BeNreet~ tl~e dat~~f'tbe ~ date d cbain8. u?e P*o~er~Y~_'*'J~'B lawo, shrubberY and Pool. if a~y. shall
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i.e maintained by the sell'at i~ f~ie~0ondi~+~'1?~ it eristectss oE the,t~te o~t~e C~'ans-Arairiar~~ wear ~nd 2eAt.uorpted~ ~
of Htk contii~ued, at selk~'s espen4c, to shuMe ~b in t}~e buyer, wit}xwt
S. PROCEEDS OF S~tLE:''p~e-Detd ~alt'be reoor~b~'and tl~e~evid~n~ xUarc.tide an~park~ti~k. and-tbe cash proceais of ~uch sale shall
~ any encumbrances or cl~ange fmm•the date'oE thp Ld eetidenoe~
~ ~ow Agent f~'r a petiod of not bnger than five day~s,
be heW in acraa? bY tFie se)ler
s attomey or by s~ other n~u a uP°R
Qx~l~~~ive of Saturdays, Sundays and holidays. If d~e seller
s title is so reodereel ~nma~ etable~. ~ybtfYe~r
s~~
e of r1eceiP
of h rx:tificati
o
,iay period, notify selleri attorney in writiag d tLe defect aad the seller,sh~ll haY~e ;*~hereunder shall. upon~~ written demuxl. t}~ere[or within
to a,rc the defect. Ia the event seUer fails to timdy cvre said defa.t.v11 cwaia pa~
E~ve t~ days thereafter. be immediately reeumed to bnyer, md stmultaneously ~vith such :epaYment,~' ~~aU take t~tk u~.a wa~'vir~gvall
hy Special Warranty Deed. In the event of the failnn of tbe b~rya to make timelY dea~a~xl f
` r~~ht, ~gainst the seller u to t}~e intervening defect- .
T. BBO~R
S_~''~: 'n'e' S~uka's fee shall be disbnrsed at tLe time of ths dislw~uanent of cLe pcoceed~
v.ith anl?1i ' twn of the contrad; thp pre~ailina P~~' ~ be entitled to reoover
. ~J. AT[ORNEY.FS~~A~Yl1'00~'~'S= 1a counQCtSoo ~ - - - - -
E ~1! cos[s incurre~, mcta g reason6ble attorneys fees. . of the Stah% of
~ CONTRACI' NOT YtE(-'~ORDI~LE. Tliii rnntract shaU aot be rec~orded tn the ~'Eice~ oF tbe ~6OOIl~Ci~
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