HomeMy WebLinkAbout0627 ADDlTIONAL PROVISIONS OF CONTRACT
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1. SURVEY: 7~e buy~t witAin tM tlme aliow~d fot examination C~ titl~, may haw said Drop~Ay iu~voyed al hls ~xpans~. If tM s~rvsy ahows anr
enthoacnmaeut on said p~operty a tAat tM improvtments located primariy on qi0 propa?ty MCroacA un tM land O! otAers, written notiq ~
io tnst eftect shall bs pive+~ to tM s~ller ano he shall havs th~ sam~ tim~ to cur~ such defetta as tM Contnct atlows to cuh d~{otts of GU~. ~ ~
Faituro to so N~minate sucn enc~osc~m~r?q shs11 b~ npardad as a O~tsu~t by tM tellor.
2. DEFAULT 8Y BUYER: 11 Duyer fa~ls to pe~lorm tAis conttaCt withln t~ tlm~ sp~cifitd, tM deposit tAis Oay pai0 by lhe Duye~ as atoresaid msy b~
retained ~y or la ti~e account ol wll~t as consid~ratton lo~ th~ ~zeeutlan of thts aqreemMt and in full sNtlemMt ot any cla~ms (a dama9w.
and all part~~s snal~ be retieved ol a11 oblipations unda~ tnts cant~ut a selN~. at Ais option. may procNd at taw a in puiq to enlac~ Ais 1p~1
ripAts u~der this CanuacL
3. OEFAULY BY SELLER: If, fa any reasan Wh~r t~+an laiture of wIN~ to ~d~r his titl~ mukeubl~ attar dil~p~nt Ntort, tM selfw laib, n~ylesb or
~etuses to pe~torm this conUact, the ~urst may r~qiv~ tM r~tum W his d~posit witAout waivinp any ~iphts„ and may procsed in law or puity
to eniorc~ hls la~al ri~hts unde~ this aonaac~
REFIJSAL OF SPOUSE TO SIGN: Failun a nfusat of tM wlts ot husband of anr a?~ ol tM ~elNra or puy~n to ~x~wte d~ad or enortpap~ n~
qwrW he~eunder s.'?a11 Do detmW d~fauq an tM parl Ot iuCh paAy
5. PRORATIONS: T~cos, renit, and Intsnit sAall 0~ praatW ss of tM dat~ fa dNiwry of de~d and dw c~sdit piven ta lrsnsl~rnd escrow aa ~
counts relatinp tAereto. TAe premicun on any hazud inwranq pollcy in totu Coverloy improvwn~nts on said propettr, shsll bo prorsted betwee~
the pdrtles, ot the policy wi11 be car+celled aa the buysr may N~ci. If tAs amount of Ux~t and assessments for tM current yeu cannW ba sscea -
tained. rates. millages. and assessed valuatlans M tM pr~vious ~Nar. with known cMnyes, shall b~ uso0, dw ~Ilowance b~iny mads ta Ihs maxi-
mum suowaDla discount and for homostead or othsr exempUons H a11owW for ~~tAer year. Howwor. tax proratlons based o~ an ~slimat~ may b~
subsequentry read;uslad wASrs so aptaed in IM closin9 statsmen4
6. I~IARi(E'tABtUT1f OF T17LE: If the titla is found to De unmaric~iable, ths ietler sAat1 yse dilisent sHort to cartct tM defecta in !ha 4tla witAin tha
time Iimit herein, includ~np tAs Crinpin9 ot any suits, if necessary. It, a(ter diliqent effort, ihs seller b un~bN to ps~fect an unmarkataDle titb
witnin lhe ;ime timit, the buyer shall within t~n days aite~ the expiration W said tim~ limit elect lo roc~iw 1he retum 01 Als depo~it and Ihts
contract ahali stand rescindsd, a to sccept tM tiU~ witAout roducUan in the pu~chas~ price and lAis iransaction sAall b~ c1osW.
7. PURCHASE INOHEY N07E AND I~ORTGAGE: My pureAass money note st?all tollow iha (orms qeneralty acaptod and ussd b~r bar?ks and savinys
ar~d loan associations in the localiy. My purchase monsy morlpase sAa17 ba on a form comparable to tM standard Orew. TutDlanx or Papco lonp
lo~m, and shall praride for insutancs against loss by fire in an amount not less tnan egAty (80%j pN cent W tha full inwrabN valus ol th~
~mprovome~ts. On tirst roort9ages ths nota and mort9aQs shall provide for ucelentian on thtrty days d~fwlt and on sacond mortpapoa on ten
days octzuit: Second mort~ages shaU reQuire tAe mortpagw to ks~p alt prior liens and encumbrancos In pood standi~ and preciud~ tAe moA-
gagw frum acceptin9 modificat~ons o1, a tuture advances under. a prior moRpaya. Buyar shall haw tM riQAl to prtpaY all or p~rt W tM principai
at any ame or timas wiih interosl to dat~ of psym~nt only on.a~y and a11 put~Aac~ maay mottq~pq. • _
8. VARiANCE tN AIAOUNT OF MOR7(iAGE: My varianee in tAS amount ol mortpa9s to b~ ~ssumsd Irom tM amount sbted Ae~eln ahNl b~ add~d to
cr deducted from e~ther cash paymant or tho purchase ma~ey secmd moRyapa. ss lhe bu~r~t map elef~.
9. DESTRUCTION OF PAEYESIS: tl tAe improvamenq are damspeA by tiro a other cawalty before delivsry W deed, and can be restaed to sub-
stant~afly tt:a same condiGOn as now wiNin a pe~iod of sGcty (60) days theteatter, ssller snatl so ristoro tM imDrwements and iM closinp date
and date o1 da~:vary oF possession Mreinabove providad shall 0~ ~xtended aCCOrdinply. pul i! weh nstoraGon cannof bs completed witl~in pid
pertod ol time. Ine buye: may at his option rescind tAls eontract and nCelw fM tetufn Of hlt doposit o? M maY purcMq s~id prop~Ay ana, in
tnat evant, shaU receiw the benofit ol any inwranc~ procoads.
10. ExPENSES OM DEFAUt7: My perey tailiny to comply with ths terms ol tNls eontract ahail psy all axpens~s, inGudiny ~ nssonabl~ attomsy's
fee, incurred by any oth~r pariy he~oto because of such tailure. ~
t i. ClOS11iG: 7nis transaction shslt be Gosed M aceadanea witA the lafest rwisian of uniform rubs for Gosinp real ~state transa~tions whieA may
be adopted an~ recaded in th~ pubtle record.
12. PEASOHS 80UND: Tne benetit~ and obG9ations of ths eownanta lfersln ~.'ull insure to, and bind, tAs rispective hein, executors, ~dmtnistraton,
successors. and assipns of the parties hereta Wt~a~ever ussd, ths sinpular number sha11 includs tAa plural, ths ptural ths sin~ular. ~nd tM us~
, a~Y Be+?der sliall includa all penders. The cwenants in this conuact ahaU wnna deliwry ol deed and poss~sston.
~3. ESCROW OF OEPOSIT: TAs paA~l rocofviny ths d~poslt apreas to hofd It in eserow and to dfsburs~ it in accordanu with 1M brma and condl-
tioc?s ot ihis conlncL
14. SPe'CIAL COVEHANTS: The Selts~ Covenants and wsrnnts, jt) tAat there is ingress arW a~ross to qid property ovsr public ro~ds; tlwt thera _
are no parties in possession Wtwt than tM iell~, and (3) tAat wid pfop~Ay it wDject to no un(ilod m~chanics pr materialmons tiens.
' ~5. OTHER AGREEAtENTB: No a~rs~menb, w~~ranti~s or r~proantatlons ahall ba bindktiy upon any ot 1M paRiw„ ut?I~ss inwrponted b thls contract.
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~ BROKERAGE
~ ~~:~ar ay~ees to pay to Florida Home Fillders, II1C. , a Broke~. sa commissan
~ ;~r hls services in making sale oi said property. a sum equa{ to ~(~?.X~ X of the purchase price. at the time of closing this
~ :-ansactian by. ~he dQiivery of deed. In the event buyot fails to pa~torm and the deposit aforesaid is retained the amount ~t such de-
:,;,sit srai; oe app~sed first in payment of attorney's fees, abstract ~r titte charges and expenses. incurred by selier and tttie broker, or
~ ~ tr.at of t~em, snd ihe balance shall be divided eq Ily between tne broker and the seller provided, however, ~hat the amount to be
;::~i:,ed or :eceivad by the broker shall not exceed full amount of said commission, any excess to be paid to the seftor. It t::e
€ .r~r.sacGo~ st~aU noi be closed because ot retusal ot seiler to peAorm, then sefle~ sl~all pay said commission in bil to the brokor
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