HomeMy WebLinkAbout1101 - ,ftEN:,E OF TITHE ~ t' An ~ca113;~ 01 UUrt prrpareaf w bru~,yhl • ,.r,ent !,y a ruVutable and aaipinp ai,Nracl item (if not axHtinp tMn cNtihtW N Correct by !
.>l,np firm) purpurung w D• art r_curatt synopsis o/ the rnstnunNgs atlsctuy the title to subject Hal propNtV recorded ,n tM public rKOrdl Of tM county
c •a u, the land is snuatW, through daft ul Cunvact An abstract shalt commen.e with the tarJiNt public records, or teeth legr dale M mat/ be cWtOmary in tM
, r wneHin tM land is vnrattd. SNlst shall tunvey a marsetabla tills to accordance wtth Title Standpds Woptad horn t `ma to tirrta by Tha Florida Bar, sublaet
t+, Ittn{, NKWrlWances, extephOnf Or yuabhtaUOnt Sut forth in this Contract and Hose which Mal W diKHNged bV SLAIN at or WfOn elraai IJpa\ cloaift~
t:• _ ;ransactron such al,atract shaft t.eco,nn the propNty of !foyer, subject to the rrpht of reHntion thNtwl by first mortpapN untN lolly pald;Or~ t 11t111rtWr
; oon,~mrtm~rn~ issued by a gWlifittl b1t,r rnwror aprserng to .uus so Buyer, upon recording of tM deed ro Buyer, an OWnN'l policy o1 title Inwrane~
rn l
1~a
,nt o
th rchaN price, insuring tiUa o1 the BuyN to tM real vropNtV. sublact only to !tent. N1cumWanctt. txceptiom w gvMificatlona Mt torts in thi•
C .,,•rrsct and !how vvh ich shall be diunarys•+1 by Sailer at or betwe closu\g. 9uyN Yull Mva JA daYl. rf absUact. qr 5 doge. If tllla t:ommftrnant, IfOm data Ot r• !
.,•~.!nq widance of title. to exa,nine same. 11 title n found delai;tive. BuyN shall, within 3 dare tMrN1tN, notify SMlatr In ttvriting tlpeclfylrsg tiafaetlal-
t tld tfefettlfl render title unrrtarkataWa, Seller stroll have 1?O t1aVS from ractipt of notice within which t0 remove Mid dafaCtf4. and H SHIN (s unwtcasaful In f4
re~• urine tl\em w4hin said tuna, Buyer lhao have 1M option of either f ll atcePhng the UNa n h tnen Il, or (ZI damanding • refund of alt mo~lrv paid harwndM
:.n ~i n shall forthwith be rcturrtatf to Buyer and thereupon Boyer and Seller stroll be released as to one another, of all further obllgatione urtdar tM CMtraCt; Aow-
r. er. Sef!er apHes the! he v:ilt, rl tine •s luund to ha unn,arkrr.d.:e, uw da,gent tflorl t0 coned the defwt(t) in title within t1N lima ProYldad thNalor, ineludlrsg
'r•,• bra::pu\g of necessary suds
e [ x tSTING MORTGAGES Seller shat' hlrr„sh a statan,ertt truer the mungagwlsl setting forth pnnupal balance, method OI payment, Intrsrast raft and whether
t!~e ortpapels m good sundmq If a mongage requires aVl,rus-a: 01 the Buyer by the mortpagN In orc~~QL,to avoid default, or for aNUmptiOn by the Boyar of said
~rtgsga, and ~ tM mortpapte does not approve the BuyN, the Buyer may reuu,d tM Conuact, m :j1 requirN an Inertasa In the interact raU or charily • 'se
• any mason in e.cess of :100 00, the Huger n,ay resl.rnd u,n Contract unleu St{ler Nacls to pay loch increase or excerq. SHIM shall pay fib 01 sucA /N uP to
i": 00 Boyar shall use reasonable :I,hgeusu to obtain app,ovat the amount of any escrow deposits heh! by mortgapw shall be credited to SeI1N•
Pu ftCHASE MONEY MORTGAGES The purchase money Wore and mortgage. it any. shNl provide for ~ 30 day grate period In the want of default If It is a
~.•s; ^,or tpage and a 15 day grata period it a second mort>)agr shaft pruv,de for npht of prepayment fn vvhOle or In part without penalty: shall not Provide for
o-..r~e:anon in want Ot resale of Ma property, and shall be otherwise m form end Conant requlrW by Seller's attorney; provldad, AOYYeYN, SHIN may oMy re
;.r. clausal customarily found in mortgages aMf nwrtpaye note! urnrraOy uWirtd by savings and loan institutions in the county tltrfteHin tM property is IotatM..
:.:f ••~ortpape shall reyurH the owner of the prupNty en• •u'iuzr..-1 fo ?eep all poor hens and encumbru,ces in pool standing and forbid the ovynN of tM pro
. ~ horn aCCepliOg n:OdihC atiOns O) Or futwe idvin:. a5 under pr o, morfgagei sl. Alt personal prOpHty being convoyed will, at OOtiOn OI $e11N, be ftfbjatt LO tA~ r
. ~ o! iht mOrtpape and tvidanctd by recOrddf financing Statements '
_ ~!RVEV: The Ouycr, within Unre olio>ved for d«hvzry of rvrdrnar of retie and eats\rnahon thtrrol, may hoer the prOYertY surveyed at fill expanw. 11 tM ;
> , cry, cerblied by • reprslared Florida surveyor, shows any encroa•-hn~rrii on said property or that improvements inbnded tO.ba located on the lubjett prOW?ty in
•a. c anirosch on lands of others, or vrolatr any Of thet;onverr , uvrnaitts. the sane shall be treated as • title defect. Any Wrvey prepared in eonnectiOn with or as a
_.::,sa.,uenca of thee trantscho~ may rnN•,ur a description cif ter t••ut•z.ty under the f torida Coordinate System as dsfinW in ChaptN 1 77, Florida Satutet.
_ T F: Rr111TE5 The BuYrr. v:,th u, !,r„e ally. r+e•f for :fallvrr-. . r-: i:fzrn r of title and examination MNep1, or no rater than 10 days error t0 clOSittp, vvhichwN date
Iwst, may hwe the improvzn.ar•ts ins.,~..trd et Buyer s a•+,.ensr by a Cervhrtl PKt Control OVerator to determine virhatMr tMre fs any visible arrive armite
;~,festot:on or visiL!e existing iisniafifz Loin termite +nfesution ura imp,os~e•„ants. N BuvN is informed of t;ithN or both of the foregoing, BuyN will Mve 4dWS }
,ate of vsntten nonce thrreol Or ? :fags after ir!fM.twn . e rurrua• tor, ,vh.r„ever occurs first. vv~thin svf,ich t0 haw all daniapel, whether vrs,bla Or not, in
r tact end BS[unated by a IieenSre: ri.lrng )r,•c'a! Cbntr e. tot Seller u, all pay va{id costs ut Ueatn,u+,l and rr;pdq of all dart,age uP 10 1'~i i. Of Pureh ila Pripe.
such torts axce••d that anio.nt, B.yr.• s+, e!' I,e.r rh,: urr•. of rnr.rlknq Contract wtuiin 5 data after receipt Of tOnVKtOf 1 fepau estitnaa by gv.ng
!.ir. nOti.e to SrUer ur Buyer n:ay rlrcl 1.. ;rtO~erd :..rh the Ua•rsaclwn, in nhraai event Huyrr snaN re.eivu a Credit at Closing Of an \nIOUM tgWl t0 1)Sk OI
o:.rchass Pnce "Termite" shalt ue de«m Cd to mcludz al! .woof urstruy,ng inset tt
• . R(SS ANt7 CRESS Srllrr c oven an is :.n•1 wan•uiti that therm rs ingress and egress to ate n•OVerty
• : ° ~rS Seller shall, not less thin 15 days prwr to closing. forruM to Bu\'er cr>(siet Of all written !casts ana ytOppN Iettefs from each tenant specify ing the j
- •,.i dwabbn O1 Said tenant's or _.,pa•t~-)•. rzntal rates ann :.am ed rent and security •rpp c•s•ts pa,d by tenam. !n the went $eaar is unab:t t0 Obtain tint i
. r frryrr• each tenant, ehe same in fr;nnahon shalt bc• fiunisher• t•y `,teller ro Royer wiMu, sarJ tine period m tM form of a Se11N't afhdwit. and BuyN may
• , _,'tr• confer[ tenantt t0 conlnrn such n,f[:: t ahnn ~e!!rr via .!e'!v«r and aisrpn all one utai !Casts zo Boyar at closing.
, L 1 F NS Se!fer shall, burn as to the rralry ~ perv,rslty I:ri• y w:d harrurtder, lumish to Buyer at time of closing en aftidavit.attestinp to the abNnce unless
.!r L•. isz pr Ovrded fur hrrru', of any fir~en.. uiy•st atlrnznr s, J~~uni v1 I~rn or pOtantia! he:,ors known t0 Seller ana further attesting tMt tMr! Met bats n0 irnpro ve
.!s r., the property for 90 :fayt unrne~t,ately urecedu.q elate m` ~lusiny If the propz~ty ha: been improvrtd srthin said Lima. Seller shall dNiver releases Or waivers
~'L e'' ~+•ec hanic•s fens, ex0-urea by genrr.,t Conte a• fort s~,bconr a tors, supuliers, and rnarer•alnfen, in addition to Se11 N'l IiM affidavit NttMp forth the names Of
_ , _,h general cor•nactors. s:,LCUntaczws. suppliers anu •natrrror-nen and further reciting that in fact all t„lls for work t0 the subject property which e0uld serve
ea a Des+S !or a mechanic's hen have been geld Or .tn'•t br VirJ at t;oLn¢
_ ACE OF CLUSING Closing shall Le r,rld in cm:ntr :•.r.erc m property rs 'ocateef, at the office of attorney or other closing aptnt aelipnated Dy $e1tN-
`i•-'E Time is of the essence of This Cor:V au Any releren:e t•rrrrn to urine Vanu•!s of !ass than 6 aloes shall in the computation Mtreof exclude Saturdays, Sun
.r„ _ ,nd !agar holidays, and any time penOd prOVeded for hrre,n :.h•~h shall end on i Salwday, Sunday Or legal holiday shall extend to 5:00 p. m. of the Wax: full
r•s~ness day.
_ ;~:~MENTS FOR CIOStNG Seller sh all furnrsh drzd, me. hen.: s rwn alfiJarit. ass,gnmentt of leases. and any co+rective instruments that rn ay be requrrW in
•or • . • tun with perfectrnq the title Boyar shah furnish a losing stetrn,em, mortgage, mortgage note, and financing itatementt. -
` °E LASES-. Stott s ulax anJ documtntNy cramps which are rayYrtetl to be affixW to the instrument of comay ante. intangible Sex on and recording of pu:
' .sc- r•:onry rnorrgape to Seller. and •rosz o' re!-ordinq any conti.iive instruments !half be Void by SeI1N Documentary stamps to be affixed t0 Me Wort or notes
,r~.f by the p..+chese r•,o,rey mortgage. cost Of recwd+np the lee+1 and linan;.mp statements shall be pe~0 by BuyN.
'?C,RATION OF TAXES !REAL ANU PERSONAL) Taxes shau be prorated based on the current year's tax with due dlowarKt matte for maximum allowable
"_c~n1 and homestead or other exemptions t1 a4owsd for said year If closing Occurs at a tlate .char. the cunMt Yeir's mrhape it not fixed, and Currant year's
asiess~nent is available, taxes wilt be prorated based upon wch assesunent, and the prior ygr•s millage If unrent yui s assesunent is not awilebla, thin axef will
,-.-orated On the prior year's tea, prov,derl ^owe~••rr, if there are completed imyrovmnMts on the property by Janwry 1st of year of closirtp, vtAuch improvements r
a ~e not. in existence on January 1st of the prior year. then taxes shalt be proratM basal upon the Prior year's mi{lage and at an aquitabN assessment to be agreed
r~et .veen the patLES, fairing wh,ch, request wilt bt made t0 the County Property Appraiser for sn ,nformal atseslmMt tak inp into consideration Homestead
tau n, if any However. any tar p•orat,On hose.! on an eu•~nazc may ai request o/ either party to the transaction, be fubsequMtly reWlustW upon reCtipt of
.a= un condition that a statement to that offe,a is set forth ,n the closing staamant.
S"'FCIAL ASSESShtENT LIENS. Certified, a:onfirmed arxt ralifierf special assessment liens as of date of closing land not asoidateo/ Contrectf art tobapaid
5e~~er. fending liens as of date of closing sr;all i,e assure„!d br Buyer, prov,dsd- ho.vwer, that where the unproven»nt hasbtsen wbsantially completed al of the i
. ~ Contract, wch p3nding lien shah W >_oraiderett as cerufrr.i, tunhr,•~et1 or ratified and Salter thin, at ctosinp• b! tMrged an amount egWf t0 th! last estimate
i,ublic body, of the assessment for the :rnproverr, e+,r
P.SONAL PROPEi'TY !.":SPECTIOth PEPAIR Seller sane.+ts that aft v aloe avvl~ances, heacinq, cool,ng, electrical, plumbing systems, and machinNy are ut
l conddipn si off days pror to closing Be.ybr may, at fin ext•rnse, Mve rnspectionS ma:fe of seed !terns uy licensed pNSOnl dMlinp in the repairand main-
_ , _ theHOf, and Shdr! report •n :rrau,q io $z::rr tu:h itr+ns ds fn•.n•f n01 rn Work rnq .undrtinn pror to tak mq O} possession thereof, Or 6 daVS p110/ t0 clOtinp,
: is 1,r,• Unress 8uyar reports fad ores v. r!h;n cant periuu. i,r v, .f! he Bran peal to have ws•s art Setter's wanantyss to failures not reported. Valid repc•tW
•a !nr:,ls •hrrnfn, c•s~ roe .•:f :r• ..!using Seller aq•aes m prr,vi fe a,:cess for ,nspection upon reafonlsDle notice.
- ~ i'~d'~: Ue CUnetill a! ~rfler't CCs! ..•th
• ~ K pf I.USS tt tr.e r•nprore•+:rots arr uarnagr+f r,y Inc w. u»,«< c,.waUy pour to closing, ana costs of restoring same dots not exceed Sets of the Auessed {
n c,t ;r,a ir~.,,,o.rments so darnatlvu. cost of reaorau.n+ shat to an obfgaiion o! the Sector and closing shall proceed pursuant t0 the terms o ontract
• lr+er elGr eL-'u r: Jt i.;VS•r,y In tree event tt•n : oft of rr,•en t-•Sf„a;rp~• e•. ae•C'-1t Of Ihr asresr~i ~~al"airOn Of the nnproyenir':+tt s0 ddr.~aged_ Guyer
- r,e the Option o• •.tnsr taking the property as if. together wdh ailher Me u•d $Sk or any rnwra„u proceeds paYttbfe by virtw Of such Ion Or damage, or of
I '.ng Contract end receiri=•q return o! dsposrtlsl ntadt Mreundtr fj
I .":TEf`iA6+CE. Not .,di: ;•endmp prov.s.ons Uf $tartdard O. nut•.ren Contrs,,t •lau and ctoau\g date. Versonai prOVNtY rrfsrrW to in Standard O and real ttt+
;•,cr.-f ng lav.n ih •ubt_ery ?nd p0. tr any, ih.fll hr r•ntama-f i,y Seller in r_on•i i!io ns they r` •fted as Of Co?t•act date. ordinary wear and trrN exceplW
F DS OP ;A: : .U C!_iiSt`:%: P'gi)CE D: r!iE f r..• ,1rn1 ~.n.it! fe recar:lrrt apun ,_learar~, a of !:.nds a:ad rvvrren* t of vtte continued at BuyN"s axptnst.
- •.ne rn Buyer. h:, ~t any er:. nt,+,.r.~.•: ur ci,engr ••-i'•J, rrmif~~r Szller's !!tie nnn•arartable, frurn ttw date o1 the lest widenCe.and the cash pro
• sa shalt he 1 r eSCrp:: i -';e+ s ,,'•cirney or nv s,.:h net er estrus ey.rnt as may be mun.a,ly agree.! upon for a Period of not longer than 5 days
~ ~ .,•ter ti~tinq .+'~•~•r If SN:e-~s r; n.• +g,aicr r,l •~mna:• i•;.,1,!ir 6~,y er that! .v~Ihm Saul b +1as pet:orl, note/y Seller i^. writing u1 the detect end SHIN seal:
- ,aye fro•-~ date c' receisn sea h rwr fr~etrun to cu•e said +I V!«~t tr. the event SsFer fails to timaty curt sail defect, all monies paid hereunder shNl, upon
:e••+an:f therefor anal -a •!f in ~i :lays u•e•••au»r, I.c rrlu,nat to B~ry•tr encl. si:, ~ulta nrO.,sty :vith Such re{,ayn,ent, Buyer shall vataa the Premises and recon
n,party in y;.«sh.,n t0 t~,e Srile, suec:at ,vrran;y iri•e.t In the esen* B:,•r rr taus to :Hake timely demand for refund, Ae stroll take title as ~s, waiving a•1
),~nst Suter a: rp svcn :r;tvr.<+- ~n•j l.•-.t a,ca(,: as r••a, ~ 'out., to Ilu'r••r by v,rr„c o' ~.:arrantres, if any, . ontained ir. dead. to the event a GOrtiOri of the
.~nce is to be der::+• . !•o rs++•.it•o,:a' !+•.t••~~7 ~ +ny, this r.••tu~rr••:en•s Of the lending institufun as TO place, tints and procerluef for closing.
- - ~ ~sb:iru:Wen: of •u Or;y ~ le ;~r:._~als, shall conrro!. an; rh•,•q ;r~ tors Cr,lra-t to the contrary not.virhslsr,ding- Provfde:f, however, that the Se1:ar shall have
• • to requ.•re (r~~•n svcn i,_ q •^stit,.:ior• a• clus,~,g a tu,~~nrt~r,.tr>! ••,et rt ..ra nos srtkf•uW •lisbi.,serr.eni of mortpape Proceeds as a result of any titre Berea r
,..-ar,'e to Buver mortgago!
+~VYi Any es,.ru:. egen! rete•:inq ru•:ds is , ,•hor.te ' a:.d eye r•rs Uy a- :.reran. r lhrrr0/ to n+Ornprty deposit anrf to hold saint in NCrOw and to disburse
j - ~ , . ,•.-:_t to UeNance !fereOf m a~_cr,r:fame 7,or:h terms antl cor.htions of Contra.t F aiture o! cl«arance of 1urds shat! not excuse performance by the Buyer
' ~•~.rmt Of doubt a5 SO his dut:••s Or (abilities un.ier the t rovii~ons Of this Cor:rrac*. the esvo-v agent may in his sole d,stretion, continue to hold the monies
• the Subj ec: u! :ties eSUO.'. until :he par!u•s •ti.;:ua~', aarr•• to the <f sA„rsrrn,.nt !fierce!, nr until a ludg•t~ent Ot a court ~Ot COn\petttnt jurisdic UOn sHalf
~r:e the rights of the gait+es 't,ereto, n. h« ,may •rposi: the rmu.:rrs men hrlu i~~,rs•.ant :his Contract with the Clerk of ;nt Circuit Court of the County
_ ;~nsdv:tion of rho dispute, anrf upon i.oulying al: partres conc«:nerl ut such action, al! hati~,!aY On tn.r part of the escrow spent shNl fully tarminaa. except
_ tent .,t accounfnq for any r:out«s Ureretufur _ ::e!rvrre•r o~,t or es• ru.v. If a !!tensed .,gat estate b•oker, the escrosee will comply with prOVisiOns Of $ettion
' 11 1c1. F.S., as a„~endrd. In •:,r ream ur any S nt brt.vr.:n Buver c.nrf Su!'rr ,sherer•. the asero.v agent is made a party by virtue of offing at such escrow j
~ r ereunder, or in the event of,ny suet :.!•rrr•n esuo.v agent inter Vlaxfs the subloc t matter of thee escrow, the turow agent shall bt Mtitled to roc ovN a
~ ,:.!e attorneys free and costs mu,rred, Sara /tee and cocci to i:e charge•f and assessed as court costs m favor of the prevailing party. All partial egret that the
} a~frnt shall not be I:abte lr. any party pr person :vhurnt-,r: er for rnistf e!ivery to Buyer 4r Sutler of monies tubtetl t0 thia NefOw, unless such misdaliWry shell
' - to wilNul breach Of this Contract or gross nepl~gence on the part of the ettrov- agent -
" 70RNEY f EES AND CGCTS !nice nnettlon with any fit~gatron rnCtudinq apuelfate pre. e.rtingt arising out Of this Convect. the Prwailrrsg putt/ shall ba
to recover reasonable attorney-t frees and costs
! .,'r ~ A V lT: If Boyar fails ro psrtoun th,a Contract wnhm the erne spatrNecf, tM depos,tts) Gard by the Buyer aforesaid may be retained bV or for the account
' ~ ~r ss liquidated da+..ages, consirteratibn for the execution of this Contract and in IuII si•nle.Went of any cHims: whNaupon elf partite shall ba rNiwW of
3 v •,,',gaiions undN the Contract, Or $eIIN, at fits Opz•un, may proceed at lax or in equ ley to er.for.e his Icpal rights under Mi>?COntraet. If, for any reason other
lettuce of $dltr to render his title marketable actor difrgent effort, Seiler falls, neglects or refuses to perform this Contract. tM Buyer may soak spec,fic par
ante or Nett to receFse the return of r.,s cteposrtlsl wrU,oui thereby svairnp any action for .latnages relultinp from $elllr'f breach.
C7r:TRACT NOT RECOROABI E, PEP.SONS BOUND ArfD t90TICE NeunN Mrs Cottaact n0• ant/ notlca thereof shall be ratortf,ad in any PuWIe records
• •s contract shall bind and ,pure to the tenetit of the partres heurto .nd then successors rn intNest. WhenwN the context permits, singular shalt include plural anA
e Sender shall include all. Notice given by or to the attorney for either party shelf be as dfectivt al if given by or to laid party.
aR,'~RATIONS AND INSURANCE Taxef, assessmitnts. rei,r, ,merest, insurance end other expenses and rwsnue of pia grope+ty shaft W proraftxl as of dots
c~us`•np Buyer shall have the option of taktnq over any r. rs;.np pule yes of intwanc a on the proi,er ty, if assumable, in vvhkh went premiums shall be proHtecf.
E "ne cash at clolinp shalt ba increased or dtcrtasMf as may be rsqurred by said prorstrons- Atl nftrane•s in Contract to prorations sa of data Of Cfoatng witf ba
i cee•':ad "daft Of occupancy" if occupancy oct,..:s prior to ctos~r,q, unless otherwse provided for MHin.
C!~N'?E VANCE. Sever 11ha11 convtr title to MP atoresa,rr reN pror•+!*ty by statutory warranty dwd subject only to mattNS contained in Puapraph Vtl hNaol. f
'ersonel property shah, at thR rttpusst of BuyN, b., conveyers by sn absolute bdl of safe -with warranty of :!tier wbjact to wch liens of may be OtMrtMSe provldsd
herein-
o71tER Ar3REEMENTS: rlo prior or pHs tpresn,ents m revtessnlstions shall W D,rtAirsg u any of the parties MHto unless ifxorponted in
r " s ~ontrsct. No modification ur change ht fhit C .aft shall ht wlyd or buxrrnp upon the party riling, y the Dartias t0 ba Dound th~raby.
~1 Pr1VG~~ .