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sr~iuC E CouNTr F~i
Ro~~f~ ~~~1R?S
~F'~ C;=~CUIT C U
STANDARDS FOR REAL ESTATE ,TRANS.ACTIONJ~riS e~c;~~En d
A. EVtUENCE OF TIi1F: (i) A cvnngkte absttact of U11e prcpared by a repulable sb+~raM 8~ s ~ syM,~~~is
~~i ~he ~mtrumentt aHect~og the Utk to that ~ea) ~rupe~ty re~vrJeJ u~ ~ublic recurJ~ o( tl~at county to the daTe of act. wwx io
the xlkr a mukebLle title in accurdance with t~t e StanJards adc,pted (ram tirne tu turM by the Flori.la IIa~. subjett oaly to liens. en~~~m-
bru~ce, execplions w qualifications set (ortl~ in this cont~aet ai~J Uane which ~all !x ~l~scl~arged by selkt at ot before closu~ ,(2) a ~~tl~
~,arantee comm~tment issued by a quaLiied tide insumr agreeing to iuue to the buye~, up.n (J~C (K(HtllAg O~ ~10 dlCd +IC!laEte? meotiuu.Y1.
.u owner guuantee in the ;rtwunt ol the purclu~e price in?uring Q~e titte of the buyer tu th:.t r~~) property, subjett tn~ly to L'ens, m~_vr.r
brar?ces, e;ceptwns or qwid~cal?ons ut fortb w tlus cor.tract and tbuse which shall be ~schargid by selk~ at at be(o~e cloain`.
fsuycr shili have (iiteen (15) days if al,atrsct, or (ive 15) d~ys if title gua~aatet. [com Q~e d~te g~( rcceivui~ tl~e evidence of tltk to eaamine
~ame. lf lille is tuund to be ~~efective, t}~e buytr ahatl. within said prria! notity tAe sallrr in wiitin~ ~~•er~fyina the defects. lf the saiJ Je(c_v
rtnder the title unmarkeiaLle, the seller shsl{ have niaety (90) days irom tl~e receipt of such nooce to e~re the defects~ and 'J a(ter ~xl periuJ
•,rilcr ahall nut have rureJ the delects, buye~ shaU ha.•e the option: (1) arcepting htle ~ as it the~~ is, or (2) deaiandtr~g a relunJ o( al) au~nirs •
(~1t~I F1C7CUINIt~ M'~IN'II ~hatl (uMw?th be ~rtumed to the buyet. arxl thereupoo thc buyer ar~d uller shsll be rekased ot al) fu~+.}~er obUsa-
t~uoi under ttis ca,tract.
B. ' FXISTINC MORTCACES: The seller shall fumish estop~e1 1~tte~s (r?ot oeccu:rJ~• in J/iclavit ~orni) xtting fortb the principal balance,
met}wd of payment, and whether the mortgage as in sood stand'u?g. I[ there a charge for the cha~ge d owaetship tecords. by tne tau~tgager, it
;t,~tl be boroe by ~he huya. SeUer shaU receive as c~edit at closing, an aa~ount equal to 1he escrow funds held by d~e mortRagee if the ea~st~ny;
rn.,rtgage rerluites Ihe lwyer lo a~wme ume, then the buytr shaU do so; provi~ircl, h.~v?~ever. it fh~ mor!gaaee ik~cs twt at~~ept tl~e !H,- rr. d~cn iii
chat evmt occurring, the buyer at his optwn. mar cancel Ihe tontract and all mcu~ies paKl bv tt~e buyet s}uU bt refurn]c~l to tht buycr.
C. PURCfUSE At~l~~1 ~lORTCACES: My purchase money nota and mo~taajes required by tbt contract shaU folbw the icKms geueraii
~~.~•pteJ anJ u.e.l'u~ tl~e cuunty where the taod is located. My purcl?~se awney mortgage shall pr~vide (or inwrauct agauut lus~ by fi~r .r~~
~z~r~~~leJ a,ve~:.ge in an ~auni~?nt nut k.s th~p the full in~ur~bk value of ~bs +u~~ruvrp~rnts. Ir:. a fi:at ~n~rtRage, the rwte ,arMl mprtga~te ~~,.JI
pronJe G~~ a~relera~iun, ~I tl~s optioQ of the holder~ a[fe~ thirty_ (30) days detault and in a second mor~gage, aher~ii[teen (!5) days det.nh.
A~econd m~~rt~ake shril rc.~uire a mortgagcx to•keep all prio~ liens and eocumbri~ees ia soocl standing. Buye~'shal) ha~r the dght to prepay iU
or part of the priaripal at:iny time w times avilh interest to dste of paynirnt wif)wut.pewltr. - . :
u. OTHER MORTCACFS: 'In the event buyer ~ecutas a mortgage to ooe othet than the selkr, aU roats and d~raes incidental tl~ereto sfiall he
~~~d by the buyer.
E. SURVEY: If lht buyer desir~c a survey Ae shaU have the propcrty surveyed at his ezpense prior to clusing date. If tne .~~rvey show~s ao
erx rc~acM~tot, the same shall be trtated as ~ tide defect •
F_ TERMITE 1NSPEC'TION: Pnor to civsing at iwyer's e:,~er?se, the Luyer sha!! have the right to have the pra~rty imlxrteJ by a licro~..-~I
an~! bonded exterm+natur to i!r~~rmme whether lherc is any active tertnite uJestation or tiamage from priur tem?ite infe~hGuo in the
u~~;,rnveme~~ts un said proprrty_ If there is any such infestatan or damage. the seller shait pay aD co:ts uf tht treatnser~t reynirttl t~~ remrd?~
such infestat~on or damage w repnrted, includ~ng the nists uf repauu~g or repl~c~ng ~11 p,rtie.ns of +aid ~n~~xovemrnts which are
mfe.ted or have bten damagecl. lfowever, in the event thr co>ts to Fx incvrrr.l •re morc tb~n t2~rer. ~3:.) ptrcent uf the ~~ucha~e price,
:I~ec~, at the seller's optu~n he may cancel the •ontract within ten (10) d~ys oF tbe recript of the termite in.pection rejwrt by giving wut~en
~,~~c~cc .o ehe buyer. Termite i~festation herein referred to also includes wood-infesting organisms.
c: 1\`St'RANCE: I( insur~nce is to 6e prorated, the seller shall on c?r before the cbsing datr, (umish to buvu all insuraACe policies or copies
~ [:Pf ~I fl. ~
li. LEASES: The ull~•r .hall (umish copies of all writtrn Ira.e~s Io ~I~e buyer priot to closing and if thert are any permns in possessioo without
r,tten leaxs, e~tuppel letters trom such penoas specilying !he nature am! ~luration of the .xrupancy shall be fum~~l~ed to the bu)er by the
~eU~r puor tu tl~e c4ning J.,te. - - -
1 ~fECHAl~ICS LIE4S: S~ller shaU f~~m;sh to the bu;. an affidavit tha; there have oeen no improvements to the subjectproperty for 90 days
~~~n~~~l~.~~clv prnc~l~n~ the date o( cl~~~~ng. If the cub~ect pr~~pcrty ha. ixen +mproved within 90 days immnl+ately pteccti]ing the ck~sing date, lh~
rl~rr .h:Jl~de~nrr rrka~et ur w.~ivrr n1 :~U merhama~c lirns e. a•Wt~l by g~n~ral Conlractua, suLcontnctors. supplien or material men and selki s
urchanrcs lien affitlavit. -
PL~CE OF CLO51\C: Cla~u~K .hall bc hrld .~t th~ utfice of the selkcs atromcy or u otherwise ~greed upon.
h. TI~tE IS OF TlIE ESSE!~tCE: ~ Tiax is of th~ ~:cence af the (a~~tract for Sale and Purchase.~•
L 1)O(:UAIFNTS FOR CI,OSItiC: Srlleri attom~y ot other closinA aRmt shall prepart dt~l, ~te, mottgage.:a~lkr'S aff~~tavrt, c!n•iu~
stat~ment and submit c~pies o[ same to tzuyer's att~,m~y, and et~py oF dosing sUt~n~ent to the broker, at Ita~t two days prio[ to uhedulccl
clocu,g date. - '
~?1P£14SE~: State s~!~~¦ and documrntary stamps wAich arr reYpural t~~ be 7ffi~~~l to the inst~ument of eonveyance, intangible personal
cn~~~~•r1y tuca and the cu~t u[ reconl?~g the purehax rtwnry mnr,~.~R~ ~i~aii bc pa~~i Iry the .clkr. Dtmutnrntary stamps to be affued to thr
~~~~<< ~~r n.~lr+ x~vml b~• She purcl~:ut monty mortgagt ar~ the cint of tecording the 3ee+1 shall be paid by tbt 1iu'yer: =
1'RORATION OF TAXFS (R~AL AtiD PL• RSONAL): 7a:e~ ih~ll br prorated baxd upon!}~e cuReat ytai
s tu without regard to JisccNint. It
tL~ ~(oa~ng takes place and tht curu•nt yrrr's taa~c are not fiaed, ~~~1 the eunmt year's a~sessment is avaJabk, taxes wil~ be proratnl hac~~! up~n
~:~~h :~+.r,.ment and the pr~~~r y~u's mdlaRr. If :'~e curTent ye~rs as~ssmrnt iz r+nt available, thtn ta:es will be p~onted on thr p~ior ye~r'+ t~i,
~~rnve~leyl, howev~r, ii th~tr ic curnpl~tnt ~mprnvemcnt o( Ih~ sub~rc~t pr~~mi.ec by )anuary 1 ~f tlx y~ar of cli~sinF, th~n fh~ F.rr. •1~.~1! I~e
pruratrd to tht date of clos~n~ basecl u~wn the prior yra~'s milbge an~l an equitab~e asses~mrnt to be sgree~l upon betwetn Ibe parti.~:, !a~:inR i~d~.
c on+idetatwn Homestead tsemptiuo, if any_ ^
c). SPECUL ASSF~St~EVT LtE:1iS: l:erbficd, rnnfimxd nr rati6eY! special asse.ament lienti u of t~e date of closing (and not ac o( tF~e date n1
ti~~ cuntr~et) are ta be ~~i~ hy the xll~r. Pend~ng liens as of the date uf ebsiag shal) fie ascumed by the buytr, pruvi3ed, however, +hat wheto
the ~mprovernent has brrn cubstaatia(ly cYmipteteei ar of the date of the c~ontract, such Mn.ling litns shall br eonsidered os eertil~ed, cunfirmed
ur r~dfied an~I the srlltr shall, at clusir~g, be charged aa amount equal tt tht last es~mate by tht public body of the asst«r.icnt f~~ t6t
~mp~uvement. . . - - - - • . . . . ' -
Y. PF.RSONAL PRnPER7Y: Th~ seller ~~prescnts and warrants tMt aIl major appl:ances and mathinery incloded in the sale shall bt in Anal
~.~,ric~ng otJer and ~epa?r ~c r.f the rf:~t~ of cloeing. AI! personal property chall be transierrec! by AJI of Sale with K'arranty of !'it'-- .
Q. RISK ~P LOSS: If the ~mprov~ments are damaRed by Sre o: ras„~l~ b~lere d~l~~ery of che deed and can ~ restored to n+b.t.ut;ally th~
s:,mr cond~ n ae now wit~~.n a pericx~ of ti0 days thereaftet, silkr shall sn rc~tore thr impn:vements and the closin(t date ar?~! d dr drlivery
{r~•.e.•iun here~nl~Torc p~~~ndni s:~~l! be e~~~nded_accord;ngty, If stller fails to do so, tbe buyes sh~ll have ihe ophun u1 ;~j lakinR il~~
;,n ~~3crt~ a~ ic, tugether x•~th mti~uance prexeals, i~'any;'or (2) c:inc'lling Ihe cnntract, arkl all deposita ar~ ~ F~ ~~+itMvith retum~~el:.t•~ ~h~ buy~r
:,n~1 all parlies shall be rclcsced oI any ~nd al) ob~gattaiq aad liabilih• ~ _ _ - . - • . : . ' - - • - - - " -
R. ~iAINTENA\CE: Hetw~tn-the datc of lhe contract'".:~d the date of cbsing, tne Frvperty, i~,;;luding~hwn~ shrubbery and poo1. 1f :.nY. sha~~
EK m~~ntained by th~ seiiec ~n d?t conditio~ u it aristed as of the da~e of the a~ntract, ordinary wear and tear e:eepted- ~
. -
S PROCEEDS OF SALE: The Dce~c~ shali be tecorded and t}~e rvi~?~ntt o! title continued~ st sellers e~ense, to show btk in t}?e bc~Yer, with~wt
anY tncumbrarsces or chanqe fmm the date of the litt evidence rcrxlerinR uller's title unmuketable,--and the cash aroFe~sds of surh ~:le sh~ll
tx held ~n escrow by tl~e-xller's attomey or by such~other mutv~lty agreed apon Escrow Agent Eor s period pf-not Ionger_ than five (5) ~ays,
rxct~~~ive of Saturdays, SundSys and bo6days If th~ xller's tidt is ~n rcndere<l unmarketable_ tbe buyers atttirney sha11, witl~fn-tht s~id five (5)
;lay~ pn~od, nnNfy seller's attorn~y in wnbng o( t1?t deFcct and the scller shall have thirty (30) dayc (rom the date of rectipt of such rx,tJicatinn
t~, cure t}?e def~ct. Io the event seUet (ails to timely cure seid d~fc~t. e11 rwnies paid h~rcunder shall. upon writtrn demand, theretor with:n
; ~.r (5) days the.rafttr, tx immediateiy r~tumed to buyer, and sim~cita~eously with such repaymrnt, buytr shall vacate the prem~ccs and reeonv~v
h. S~~ecn: ~ti'arrantv Dred ln the ev~n? af the (iilure of t~t buyer tn ~ akc timely d~~rat~d for nFund, he shall take title as is, waiving all
T~Fh~. rR:?~nst the s~:1er as tn ~e +nt~rvrning dtfect_
T. BRqKER'S FEE= 7he Broker's fecshal! be disbucxd at ehe time oF t6e disburument o~ cbe proceeds. ,
U. A7TURNEY i"F.FS Av~ COSTS: I~ coaneeti~n with any Iitigati~n uisin~ out oF !he caoti~~t, tbe pravaiL'ng party sb~ll be tntided to recorer
+Il cosls incurred. includmg r~aconable aitorneys fees. . .
v. ~ONTRAGT NOT RECORDABI:F. This coo4ract shaQ oot he recvrded in tht ~.`f:re of the C:ieric of anp ~lirtiit C,evit of-!}x Stat~ of <
%lorida. . -
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