HomeMy WebLinkAbout2166 ,n q.nung urul Vu1pn+Uny lu ua Jn wuudtr sVntryisif of the Illltr+llbelltt atlrr.t/lip thtl tllltl to subtecl real properly r~ti:uuswl ue Ilw Puuhc arcordt of 1M county
:.hrrNn thtl land is siU,atrd, through pact of !,'oenrac/ An aasUa+a shalt corr,mence with the earliest public rccouts, or such later data H nsay bt cuftomNy in the
.,only wherein Ile Ial+al is tihwtrl. Sallar shall convey a naarkrydble tilb in aacurdance with Title Standards arloptwl from lima to Ilnrt by YIu Plunder Oar, suhjtct
ur,ly 10 lions. rncuusbrarlcus, tau^ptmus Or yualslrcetions wt forth In chef COntrasa ar?+/ those whkh slsall f» discharytal by Ss11N s1 or future tlotu?p. Upon Ciosir?g
of chit Uansaa:tilau such alntroct slsnll b+xonw Ihs pro~u•rty of Iluytlr, subject Im the right of rrtentiun thirtol by hill n?ortyaltue utrtil lolly pelf, or (Z~ ~
licit thew
enro cwuiniunrn~ rstuaf by a grlalrhlxl titW inturor agraeb+p ua issue to Duyar, us?orr recording of the pawl to HuVtr. in Ownrr't pulley of title Insurance rn 'nu
amount at Iho
pwNsaw Vri. e, ustr,nng tutu of the Uuyer to Ih1 Ira! prW+rrtV. sublets only to hens, trncunlhrancus, oaatVtiuns or pua111rr:atioM let forth M this.
Contract aril those w/skh shall be disclwryaxl by Stl11er at or belure closing. fluytr shall hav0 JO clays, it atattracl, or 5 Bars. it title conunitrnent, Irom tlaq o1 re
, elviny evalerset of rule to examki?a same. I( titb is IounH delrctive. Ouyw shall, within 9 clays thereafter, nosily Srltp in writing tPecilying dt/tctltl.
l l aJid rltteclls) renter title unuurkttabq, Sttltr sl+all hart 120 days fiom receipt of nutlet within which to rrrnow sdid Utlectl4, and it $Nltr is unsuccessful io
rrrnovinp (hem Within raid tuna, Ouyer shall hart the option Of tithtt 111 seceptinp the title at q then it, or dtluandiny a nluiad of all monies paid htraurWa
.:hrch shall forthwith be uturusatl tq D•aytr and thereaapon Ouyw and Seller t!+all ba releases! as to one another, of all lurthtr opligations under Ihs Contract: Aow
r. er, Seler ape NS that ht trill, it uUt +s fount to bt unmarketault, uts dlkigent tllort t0 corrKt the dtlKtlsl i0 11111 wuhiu the Nrni provided Nunlor, IrKludir?p
use brwping ul nacetury Suitt
EI Ex (STING MORTGAGES: Ssllsi slydl tarnish a statemanl from the mortpaptsls) setting forth Vrirrcipal balar+ct, meUaocl of paYmint, intarttt rata and wAttht? i
she mortgrlynl j In poop ttandinp. 11 a mortgage requires approval of the 8uysr by the mo:tgapae in ra+}1~ to avoid Wtault, or for assumption by the Boyar o1 said i
morfgapt. tnd~j~ the mortgaWC doles not a1,Vrovs the Ouyar, the Buyer may rewind the Concoct. or l2~ re+t+uras an increase in the imerast raft or titarpts a tee r
for any Hefner in sxwss at S100.00, the Buyer may nettintl fns Contract unless Salter elects to PJy such increas0 0? excess SNler shall yay 5U% OI such Its up to j
S50 00 Boyar shall use rrJSOndlde dingance to obtain aVproval. TAO auuaunt of any escrow deposits held t+y mostgsagce Nail Ue credited to Seller.
C PURCHASE MONE V AIORTCAGES: Tha purchase money Hole and nwttgJpt, it any, shill Neuritic furs 30 day grxe Veriod in the went of dtlautt It It Is a
r,rst rnort)age end a 15 illy place p\MIOII if a second nwrtyagn, shah provide for rlpl?t o1 VraVaymeut in whole or in part without penalty; shall nOt Provide for
J,caleralion in went of resale of the prol:rrly, end shall be uthrrwise In form errtl content reyuhetl by Seller's attorney: Provided, however, Sslln max only a
rpuira clausal u,tturnarily found in nwrtyayet and msoltgago n•?tos yeMaatfy ulilired by savings and lean urstilutiuns rn the county wherein the pruVertY n located.
5.,n1 nwrtyJyn shall royunt thtl owner of thtl properly encuml,rred to keep all prior liens anti nMUmbrancus in go+arl starphng sort forbid the owner o) the pro
Isar ty from act rpkinp nu,dilicatiulas ul or tutus advancers under prior mmtpagnl sl. All VersOnal property Veiny conveywl will, at option of SNltr, bt tuhltct to ttw
1•en of the mOrlgJyu arul widentaxl by rrcurdal f i,rar?ur?g Sttlsments.
u SURVEY Tht Buyer, within tint allwverl for rsrlivery ut evidence of licit and examinatMn thereof, may hart the Property swveycd al hit taptnq. 11 the
s~•rvey, cntilasrl by a registarwl florida suwnyor. shows any enuoxAment on raid property of that ilupwvemenss imandW to Ut la.etwl un the subject properly in
!act enuoxb on lands of others. or vioble any o1 the Contract eovstnams. the lama shall bt treatrxl as a title defect. Any survey Wagerer! im tonnecliOn with Or of •
+ unu+wence of this Nansaclion may include a deRriplion o/ the property undtlr rho florida Gomuliuate SVttstin at definwf in Chsptar 177, Flarirla Statutlt.
E T E HMITES The Boyle, within time arlowed for delivery of widence of Iitlt tie! examination thereof, or mo later than 10 days prior to closing, whichever date
x:.+rs last, uwy (lave Use iaspsavrmsents inspectarrl dt Buyai s rxpenso bV a Ctlrtilirnt Pest Control OperJror to detennure whether then is any visible xtive termite
~~+IrstJtion of sisi6le cxishnp dmnaye Iron tmmitu inlt•statwn in tbs nuWavernentt. 11 OuVrr is inlorn.vl oI either or ouch ul lha fareguirlg, Buyer will hart 4 days
r:u:n data of written Holier thereof err 2 days attar telaction of • eomisctor, •vhkhwer occurs first, within whkh to have all damages, whether vsab4 or not, in
s;-acted end rstnnatnd by a licensed buildiny or gvnrral cuntrac lOr. Seller shall pay valid costs ul trnatmrpt and rq?an of all danstaye up tot ,x; 01 Puwhtse Prko.
Sno+dd such cuttt axcend that :mount, Buyer scull have the option of cancsllulg Contract within 5 Uays after rec•+ipt of contractor's reiiau estimite y giving
:n,nrn notice t0 Seller, or Buyer nsay elaa to proceal with thtl trantadion, in whkA went Buyer shall receive a uadit at closu+g of an aiaount equal to 1SSX of
said Purchase Price. "Termite' snarl be tf semW to include all runup destroyuig ansK ts. _
F Ir•:+; FtESS AND EGRESS: Seller covenants and wanants that there is ingress and rpreu to the property.
LEASES: Seller shall, not less than 15 days prior to closing, furnish to Buyer copies nl ell written leaser and estoppel lettert Irons each tenant sVedfyfnp the
•,ature end duration of said tenant's occupancy. anneal rater and arfvancetf rent aril security deposits paid~by tenant. In the event Seller is unable to obtain tucA
ir,trrs nom exh tenant, the serene information shall be turnnhtd by Seller to 8uysr within raid Iin?E period in tAt form of t Selleis aHidavif, and Buyer may
v~ereatter comact tenants t0 cw?linn sucfi information. Satter shall deliver and assign all onpinal leases t0 Buyer tt closing
LrE NS: Seller shall, both as w the realty grad personalty Using sold hereunder, lumish to Buyer at time of closing an affidavit attesting to the shsenct unless
~thcr wise provided for herein, of any financing statsinrnts, clairrrs of lien or laotential lienurs known to Seller and further attesting that shirt have been no improve
~nrr.ts to the Vruprrty for 90 mays immediately precerhng date o1 timing. II the VropsrlY has berm ismprova:d within said tirnc, Seller shall delis•er rNeastt or waivers
et Jil mechanic's bans, executed Ay yenaral contractors. sul,contrxtors. tupplitlrs, and materislmon, in trldiaon to Seller's lien affidavit setting forth the names of ;
all etch general contractors, suucontrxturs, suppliers and mttenalmen and twther reciting that in tact all bills for work to the subject properly which could strut
as a oasis for i mechamc's lien haul berm paiU or .rill be paid at closing.
1 PLACE OF CLOSING: Clotiny shall be held in county wherein property is located, tt the oflict of attorney Or other closing agent tlasiynatetl by Seller.
J T IAfE : Tirne is of the essence cr) this Context. Any teferance Arrein to time periods of less than 6 clays shell in the corrsyutatiun thereof exclude Saturdays, Sun
,!a~ s and legal holidays, and any time period provided for hpeln whicA shall fwd on a Saturday, Sunday or legal holiday shall extend to 5:00 p.m. of tM next Cult
h.usiness day. -
K DUCVMENiS FOR CLASING~. Seller s+saN famish pee+f, mechanic's lien aiiidavit, assignments of leases, and any corrective instrununts that may bt rtyutrtd in
annc, t+on evicts perfrctiny the title. Huyrr shall furnisA closing statement, mortgage. mortgage note, and tinancanp statements-
~ t xt'ENSES. State surtax and documentary stamps which are required to be altiaets to the instrument of corweyance, intanginls leer al anti recording of par
r asr moony mortgage to Seller, and cost of recording any corrw.tive instruments shall be paid by Seller. Documentary sta.nps to be affixed to the note or notes
str ~.rrrd by the Vmchasa money mortgage, cost at recording the deed and tinancinp statements shall he paid by Ouyer.
PRORATION OF TAXES (REAL ANp PERSONAL!: Taatls shall be prorated based on the current year's tax vrith due a1lAwancs made for maximum tllowable
•r,sco~+nt amt homestead or other ex anptions fl allowed for said year. If closing occurs at a date svher the current year's millage is not fixed, and current yetis I
asses>,~.ent is available, taxes will he prorated based upon such assessment, and the Vrior year's mdlaye. If cunrnt ywr's assessment is not available, then taxes will i
t:r r roratad on the prior year's tea, provided, however, rl tkiere err completed improvMnents on the Property by January let of year of closing, stf+iCh isnpravBments
. e,e not in existence on January let of the prior year, then saxes shall he prorated Wscvf upon the Prime yrai s millage and at an eauitabltl assnssrrast lu be agreed
,;,on behveen the parties, failing which, request will be made to the County Property Appraiser for an iutunnal assessmemt taking into consich:ralion hon?esttars
c~cr,ption, if any. However, any tax proration basc+.f an an Klimate may at request of either party to the transx lion, tae subsequently readdustM upon receipt of
tax hill on condition that • statement to that rflect Is set forth m the closing statement.
SPECIAL ASSESSMENT LIENS: Ce+titied, confirmeA and ratifier! special assessment liens es of date of Musing (end not as of date of ContracU arc to be paid
!'v Setter. Pending liens as of date of closing shall be assumed by Buyer, provided, however, that where the in?Vrovement has wren substantially completed as of the
date of Context, such pending lien shall be considered as certified, comfirmed or retitled and Seller shall, at closing, bs charger! an amount equal to the last estimate
hr the public body, ut the assessment tar the improvement. -
PE HSONAL PROPERTY INSPECTION. REPAIR: Srdar warrants that all major spPliancra, heating, cooking, electrical, plumbing systems, and machinery art in
;.or. nsg condition as of 6 days Vrior so dueling. Bvyar may, et kin expense, have insPrttions male of said items by licensed persons dealing in the repair and msin•
:e^ancg thereof, and slsall report in writing to Seller such items as Iuund not in working condition prior to taking of possession thereof, or 6 days prior to closing,
~_h~vcr is lust Unless Buyer reports failures wittrin said period, be shat! be deemed to have waivtsrl Sellei s warranty as to failures not aeporterl. Valid rtpor[etl
`a ,~.,rrs shall be corrected et Seller's cost witA funds therefor escro•veal at closing. Seller agrees to provide actress for insVection upon reasonable notice.
? RISK OF LOSS: If the Isnprovsrments are damaged by lire or other casualty prior to closing, and costs of restoring saint dots not exceed 3`>E of the Assessed
' a!-,atrun of the improvements so dam tged. cost o1 restoration shall be an obligation of the Seller and dosiny shall proceed pwsuant to the terms o OntrRt
cost d,erefor ex rowed at dosing In the event the chat of reVair or restoration exceeds J : of the assessor/ valuation of the imf,rovernants so damaged, Buyer
1 r~a~: nave the option of either taking she prope,ty as is, togesher with either the said 3!G or any insurance Vroceerls payable by virtue of such loss or damage, or of
_ . +:'+ng Contract and receiving return of deposit(s) made hereunder- _ f
tI ^.~nINTENANCE: Notavithstanding provisions a1 Standard O. hatwun Contract data and closing date, personal property referrtld w in Standard O end real
{ .,roc r• ly, uxhading lawn, shruhheiy and pool, N any, shaft qe maintained by Seller in conddions they existed as of Contract dale, ordinary wear and tear aaceptld. f
r
. PROCEEpS OF SALE AND CLOSING PROCEDURE: The deed shalt he recorded upon clearance of funds and evidence of title cnnNmarrl at Ouyrr's expense, +
to s!~u:. t,tln in Buyer. without any encwnbrances O? change which would rende+ Srlleis title unmarketable, from the date of the tact widens! ems the cash pro ,
caa,+s el sale sl?all be held in escrow try Seller's attorney ur by such other est:raW agent K nsay be nwtually ayrer.•f .a;,an for a Vtriad O/ not Langer than 5 days i
'rv~r• •+~d attar closing date. If Sallm's title is rendureal unmsrketal>te, Dwyer shall within said 5 Aay period, noti!y Seller in wrirmy of the tercel and $eleer shall 1
a 30 days from dtte of receipt of such notilicatign to 7cuc said detect. In the event Seller tails to tin+cly cure Bald dtlaect..ll rmm~.rs paiA hereunder :lsall, upon
~ , , ~ivrna+tU therclo? and within 5 days tAesaaftt/. be returnwt to Ouyer and, simultameaaJSly with su,,h rats lynrent. Buyer ski all rata^e the pruuises and rccnn-
v'r , roaerly In yuesiior. t0 the Seller by spP.tial +var?anty ctectf. In the event Buyer tails to make timely demand for retunil, he that) take title es ss, waiving JII
;nr; a)sir.x Seller as to such intervening detect except as may br wailabfe to Buyer Dy virtue of warranties. if any, contrsnad im deed. to the event a portion u1 the
. 1. ale i.:n is to be derived learn institutional finamcmg or re finanang, the rertuiaernents of the lerxdiny institution a: to plan: ti+na anU pra.syturrs tOr closing,
~!isr.ursrn,cnt of mortgage: Vrocreds, shalt eonUO1, tnything in this Gantracf to rho contrary notwithstanding PrJvidi.~l, hnvever..Uiat Iho Seller s1,J11 hare
~,!~t to re+lu,re troth such lending institution at closing a cornrniunent that it will not withhold disbursement of martgags praceeds to a ass:alt of any nsta ds,tect
e..•iL:,rgGtr to ds.YCr mortgagor.
t SCN,,yt; Auy euro•v agent rrceivinp funds is authorised and agrees by xceptancC therrp/ to promptly deposit and to hold same in'escrow and to disburse
za -.r r+t~rc•~~t to clearance thereof in accordant! with teens and conefitiuns of. Contract. Failure of clearance of funds shd1l riot eRCUSe perfornance by the Buyer.
. !r, a,rnt a/ dta+bt as to his duties or liabilities under the provisions of this Contract, the Escrow agent may rn his smle diurotion, continue to hold the monies
~ ! arc the auF.dect of this .escrow until the Vartits mutually agree to she disbwcement thereof, or until a ludgrnent of a cowl of competent jurisdiction shall {
. ~-~„a the rights of the parurs thereto, or ho ,nay deposit all the monies then fired puriuant to this Contra~r with the Crrrk nl the Circuit Cau11 of the County !
.••g tunsrsrction of the +ditputr. and upon uohlying all parUCS corxernaxf nl snch xbOn all liability un the Part of the cuross ayrnt stlJll fully terminate, excr.•yl •
A :i•e e. tent of err cwintiny /ur any nwnies thcrrtota,re delivrretl out of eurow. If a licensed neat estate broACr, the es+:rowee will comply wish provisions of Section
I5 1 (d, F.S., as anlrndwl In thr event OI any suit het.veen Buyer and Seller s+vharrin the eicruw agent is made a party by virtue of acting as such escrow
I,ereur+de+, or err the event ul Joy Suit rYre,crein ~ss;row aga'n1 intwplra+fs the Subject matter ul chit esvow, the escrow agent :hart he +rnlitlerf t0 rstover •
~z,, ante attorney's foe ernes lJSIt N7tufrlYr, td/lt fei•l and costs to be charged and assesae+f at cor:rt costs in Iavor of the pre•,Jiliny party. All parti.•t agree that the
_~•ti agent shall hat he bablr, to any harry err Verson wlsonsuever cur rnit•falivery Io Buyer err Seller of moMet z,blett to this ascrnw. unless such misdelivery shall
:..e to :willful breach of this Cn-street or gross negl;genre en the part of rhg eurow agent.
:;i ! nRNEY FF.E> AND s:OS1S In connection with any litigation including appellate procrrtlings arisirw ,,ut of this Contract, the pr tiaiLny party shall bt
l to recover r~asonaAlr attorney's tees and costs
' ,..,r ~ AVLT: If Brrya-r fails to partrsrm this Contract within the time specified, the oepositlsl paid by the- Royer alorasaid Wray be reteinart by or fur the account
F el,,. di 11 uidated darn
y apes, cOnsuleration for the execution of this Contract and in full settlenrgnt u1 any claims; 'vtserruf.on alt parties shall be relieved o/
_ ~~uAriuns unurr the Contract, m Srllrr, at his oarti•,n, may proceed at law or in eatuity to enforce his legal riynts under thi; Context. If. for any reason other
a 1yl~ue of Seller to render his licit marketable attar aibgent e//ors, Seger tads, neglects or rrsuscl to uerlcrn this Contract. the Boyer may see? sVecifie per
. ~ ~•~c a or elect to receive the mum of sus deposiHsl auitlrout Uwrrby waiving s:•y actiur: tot damages resulting tram Se1ICYS breach.
' _":1 HACT NOT ftECOR7dDtE, PERSONS BOUND ANO WOTICf: Neuher this Contra+a n,,r any mohce thareut Slsan be rerordett m 7ny public records.
!':s C ~~tr act a+a? bind and inu+e to the benefit u1 the parLes hereto ant their sn~ +rssors in int.•rest. Whene+tr the cnntrst permits, sin+)ular shah inNude plural and
c :;er~rler shall include alt- Notice given by or to the attan+ny fur erthp party ski „t be ss ellrxtrre as if given by pr to say+l party
1'•sURAT10NS AfJD INSUHADJLF: laxec, assestmems, rent, mlrrrsr, :nsur„ore an+l ether ewpen.es and revenue nl si,uf properly shall be yrorattd as Of Batt
• '~s~rrp Duyrr steal) have the Ol,Oan ul taking aver any nxsUnp public: OI In: trance an Iho propwly, it aawnribte, ut sdwch r:cn+ prwr„iums shall be perorated.
a ~ ash at clopng shall tw incrras•!rl err ile+.rrasatil as may ur raPnrltil Ay sal.! tunraticrns i•N rtlfrnp+cry in CouhJtl t0 P+rnafunis as nl ,lea• of tlutiny will tat
} '•'n ~ ' Bali of or.CUpancy" If ocaalranry Occurs prior to Nrrsing, unless otherva. r pruvblerl IOr hr rem.
• •!!.`?EYANCE: Shcrr sisal! ~onvey title to the :af:,tcsJid rr.,,l ptoprrty by errrlYtoty warJw!y Ua~til subtec! r.nly lu m.ntnrs rouair.rd m Parrgreq,h V11 herYbt.
. ~ ~~al property Shalt, at rho rryiatsl u/ Isurcr. t,r c+rnreyurl by sn ..hsul+r{f+ b.11 4/ LIM witA Wortanty of tu!e. srd•teat rp sorb hens Js may Lr oq+arrwistr ysovided {
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t rt( li MJt1 l f.11 NTS: Nu pnvr err Vrtcnnt +~rtlorna•nrs w rr,prnsnus L nr. sh.tll fur I,n rtssg 1•p.as usy ul she i,~r caul hen so unl.~a,. nKn•pOrdlwl In
* s l:unuact N+• nwdrh! aUUn to cha•Ittr+cti~n this Gmttrael strait Ire vehd ur trln+tr..y npVn thee p:nl+as •udua in wrltd=q e>•++ rrb.l t.y unr,r rrrr.., 1 1.,,+,,••! rbrir,t+y
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