HomeMy WebLinkAbout2222 an (r•rfhr+g hrnp puspmling lU he en Mturalr symgrih OI Iho u+ttnnr.ents el!c•,.tH+y Iho bIk lu tubjrat rent plupurty n•r.uutc•+1 Nt the puldtc ra•. atrrlt OI IIN county
•,herein Use land is tiwateJ, Ihrouyl+ dote ul Cur+ueu. Aa ahsNacl tl+all a,UU, nenae with the tarliost public rcctads, or such later dale at nray br autlomNy in It+e
..,unty w1+er~in Iha Ian+l rs situare+l. S.•Ifw shell cun,rvy a +++arkul.d,la INIe In st cordancs with 1 ill. Slan,iards adopt~,l fluor brut to erne by Thy Florida Har. wbiar't
,uly to buns. cucunrbru+ua, arcayrtmra or yuahlrcations wt forth in Ihlt Canll act ant/ thOte Wlua:h shall Ire d1sa:11a1yeat by $at1.1 et Or helots closing. Upon dtssinu
of this trantar~liun nosh alnlract shall become the properly of tluyur, suUleCl rn the .iglu of retention Ihoreol by Lrtl urns lyages until tuhy paNl: or • title Iniw
ann±e cunurnunrnl ttwcvf by a qu,tbhwl !ills Ir+sunH erg+eoing In its»e 10 Iluycr, upuh rn.ortling of Iho drrrtl lu Nuys, an Owner•t pullr.y of title intui~nce m Tu
amount UI the pirrch.fsa prioo, insuring tdla pl the Uuyer t0 Iha real property'. subject only to hens, encunddancet, ex+eptient or quahlications set lorth In This
Coruract and (hose which shall be ditthar+;ta/ by Seller at or helots closing. Huyer shall have SO Uays, it abriraat. o? 5 days, it line canuniUnent, trOrls dale of rr
, ervu+y evrrtauce of Ode to uran+ine t.arya. 11 tills is !nand delltitive, tluyW shall, within J days thuralter, nollly Srllw in writing ytocilying dtlattls!
t f said delecUtl ranWr title unu+arkatable, Seller shall haw 1?O days born rt. sips of notice within vrrfslch to remove stiJ dateeHt), and if SNler is unsuctttslul in
rarnuving Them within said tune. Guyer shell haw the option of either 111 ace apting rho title as it than is, or 1?) deruandiny a relunal of au nwnias paid herwnder
.:h,ch shall IorU+with be teluurrd to Meyer and thereupw+ Huyer and Seller seta!! be releasNl as to orse anolhel, of all lurlhar obligations under Ilw COnlratt: how
e: e•. Seller agrees that h! will, it title Is loured 10 W unmu?otaUle, ua diligent ellort t0 correct the delectlsl In Idea wsthus the time provided tbetelor, irscludirp
u,e Dnngrny of nea:estaty te~ts-
e E7(ISTING MORTGAGES: Seller tlsall furnish a ttaternant boor the mortgageeld fatting forth yrincipal halanca, methucf of payu»nt, Interest rata end vrhethtr
cr,e n+Orfgsgul j In good standing. 11 s mortgage reyutros approval of the Boyar by the mo:lyagee in md~f to avoid default, or for +•ssuatption by the Buyer of said
nortynge, and~~~ Iho mortyayee Jues not approve the Buyer, the Huyer may rescind the ConuacL of requites an Increase in the interest rate or charge{ • let
fur any Ieatun in extess of 510000, the Buyer may assured the COnUSCI unless Seller steels to pay such Inue:rse or txtest Seller shall pay 50'!~ of such let up to
i5U 00. Buyer shall uw rces•onaldn J,hgance u, oUlain ,q,proval. The amount of any escrow drpoult heal Uy n+ortyag+:e shah bs ctrdneJ 1o SNler.
C PURCHASE MONEY MORTGAGES The purchase moony note and owrlyage, tl any, shall provide fora 30 day grace Plnod in Iha twent of ddauh if It Ira
first n+ort9,rgu uud r 15 day ys are period it a tecorsif mortyalle, shall provtda tot right 01 prepayment in swh oft m in part without penalty, shall nOt ProvirH for
err ~ elersuon in event o1 resale ul the prUheny, and shall be otherwise in loan ar+d content tpp,itett Uy Srllas~s atwrnry: pow{deft, however, Seller may only re
stereo clauses aa,stuurardy towel iu ururty.tyrt ur+tl u+ortga+Ja twtus generally utiii~ed by ravings and loan usstitntiuns in lha county whorcin UN property tf located
~,,i•1 nwrtyerpr shall rr+pnre the owner of Iha properly encurnbrretf to keep NI Prior bent unJ ancunrbrancrs in quwl stanJusg and Intuit! the u+vner of Iho pro
r u,ey Irom aucpbng nsudihcutiuns ut or tutors aclvatsres under prior nwrlgdgals). All personal property Laing eonvoyetl will, at option of SHIM. be subject to the
Iren of tAe rnarlgay0 and avidencet( by retordcd F financing Statements
E~ SURVEY the tluyar, svilbu+ Dore allowrrf for delivery ul ovnlence of tuts and examination thereol, eery have the properly survevM at his expenN. 11 the ~
,~:r':ey• crrhherl by a regtsterarl Florida surveyor. shuavs any enaroachmenl nn raid property o• that p+yuoven+ents intandeaf to be localErl un Nre subject property in
tact encroach on lands of others. or violate any of the Context cawanants, the lama shall be treated as s title defect. Any survey prepared in tonnecuon with or as a
. o•.se;wence of this hansaction may irxlude a.lesrription o1 the Vroperty undrrr rho Florida Gontdjnata+Systanu asdelintd in Chapter 17 Flori,la Statutes.
E TE RMITGS Tht Buyer. within tiros allowed for Ualivery of evidence of title end ezsminatiun thereol, or do later Ihan 10 days prior to clusrng, whichevN date
xc.,rs test, rnav have the ingrsovra,euts intpettns st Huyer's expense by a Certified Prst CanaM Operator to Jerennine whether Users is any visible active termite
i•,frstat.an w w,til,le cxrstiug damage Irom Irrmiit inlestalion i+r the in+ptovementS. 11 Huyer is hdOnn..•rl 01 edhrr or both u( rho loregnirrg Htlyer will haul! A days
morn dale of written uotit.a thereof or 2 days alter selection u1 a contractor, +vhkhever occurs first, within which to have all darncrgts..vhether vrsible or n01. In
•t~ec ta•J anU estimated Uy a tit seised buddiny or general conlrac lor_ Seller shall pay valid costs V( uealmant asst repair of all damaye up to 1 of Purchate~e.
~nu.ilJ such cunt exceed that amount, Buyes p+aH have the option of cancelling Contract within 5 days alter rp-ripl of contractor's rep.
ri
eshreshr y grv rng
~,r~t•en noh+:e t0 Seller, o? Ouyar uray etatit to proceed with Iha transaction, In .which event Huyer shag rer:aive a a.rtdit at cto~s~ ~~.~[unt 1XT0 OI
,a,d Purchase Pnc.e. "Termite' shad tier dean+ed to nxlurle all wnprl Jeftroymg insects. ~~,L, ff~s
F rWfiflESS AND EGf1ESS Setter cuvrnanh and w,uranls Utat tbtre is ingress and egsoss to the property. ~fgSf;Ilii.L f Ot [@tr0~
, L ti A5ES: Seller shall, not Iesf Ihan 15 days prior to closing, lurnish l0 8uym topics nl all written leases end eswpaet tests root each tenant specilyln9 the
~,utwe and atutahoa of said tenant's ocwpancy. rental ratan and arlvanc+nt rent aril security deputise paid Uy tenant. In the event Seller is unable to obtain wch
~e+cers Iron. each tenant, rho !aerie inhumation shall be furnitlsetl by Seller to Buyer within said tint period in the form of a Seller's allidavit, and tluyet may .
•nereafttr contact tenants to conti.m such in/onnation. Setter else!! deliver and assign all orrgmsl leases to Ruyat at closing
1JE NS Seller shall, troth as to d+e realty anti personalty being sold herew,de?, tumith to Huyer at tiros of closing an allidavit sltestiny to the absence unless
Wither .vise provider! Inr herein, of any financing statements. claims o1 lien or potentla! !senors known to SNler and further al testing that (here have been no improve
~-~rr~ts ro the proPCrty for 90 days inunerfiately precerlmq dare of clusrnq. 11 the property lies hero stops-0vaal within said lime, Setter shall Jebser relcates or waivers
c.f .it n,rr bank's liens, exer:utad by yeneral contractors, tubr:ontractOrs, suppliers, and materiahnen, in addition to Seller's lien affidavit salting lonb the namy Of
a~' s ,•.h general connaUws, suUcontracturs, suppliers area! msterialmen and lurther rrtciting that in tact all bills tot +.ork to the subject property nitich could serve
as a oasis for a nrtcftamc's lien have been paid Or wd1 be pauf at closing. -
t Pf ACE OE CLOSING: Ctos[ny shall be bald in county wherein property is rotated, at the ollice of attorney or other tlosing agent Jesiynaterf by Seller.
~ T IR1E : Tune is el the essence ul this Contract. Any felerenCe herein to time periods of less than 6 days shall in the coinputation thereof exctuJe Saturdays, Sun
i ,ys and legal holidays, and any tune period provided for herein which shell and nn a Saturday, Sunday or legal holiday shalt extend to 5:00 p.m, n1 the next full
r.•,si:,est day
UuCUMENTS FOR CLOSINt;: Seller shall tumisl+deed, rnerhanic•s lien allidavit, assy7nmentt of leases, and any currecave instruments that may be required in
.]nmv trop r.dh perfE•ctiny the utter Ruyrr that! furnish closing statensent. mortgage, mortgage note, and financing stalerr+ents
t
t E x PE LASES. State surtax and documer+lary. stamps which are recluirerl to Ue affixed to the instrwnent of conveyance. rntanyihle ter on and rttordrng of per 1
I~., sr, rnonoy mortgage to Seller, and cost o/ recording any cortex five instruments shalt be paid by Seiler. Oocurnentsry Stan+ps to Ue alhxeJ to the note o? notes
_ need by the Vurchase money mortysge, cost of recording the deed and financing statarnents shall be paid by Huyer.
FEaORATION OF TAXES (REAL AND PERSONAL: Tizas shaft be prorated based on the current year's tax vneh due Nloavance made for maximum sliowabls
iscr.rnt anJ homestead or other exemptions it aliowe+l far said year. If closiny occurs at a date avhen the current year's nullage is rent /fired, and current Yeai s
.ssr s,r~rent is available, lazes will be prorated based upon such assessment, and the prior year's rniltaya. 11 current year's assessment it not evadable, then axes will
c r , rotated on the prior year's Wx: providM, however, it there are completeas improve+nents on the Moperty by January 1st of year of closing. s.hich :rnnrovements
...•rr not in existence un ,lsnusry 1st of the Pttor ye-rt, then taxes shall he prorated Uaserl upon the prior year's miltagb and at an equitable assessment w be agreed
~n~,n between the parties, /ailing which, request will be made to the County Property Appraiser for an inlurrnal assessment taking into consuleratior+homettes:l
r • r~~~,pnon, if any. however, any tax psoraUOn basest on an estimate may at request of either parry to the transaction, he subsequently readlusteri upon receipt of
ter. rot! on condition that a statement to that effect is set forth in the closing statement.
SPECIAL ASSESSAIENT LIFNS: Certified. eonlsrmM and ratitresl specswl assessment liens as of date of closing (end not as of date of Contract) are to be paid
b~ Setter. Pending lie,ts as of date of closing shall be assumed by Huyer, provided, howwer, that where the in+pruvensent has bean substantially completed sf of the
pate of Contract, such pending lien shall be considerer/ as certified, confirmed or ratified sod Seller shall, at closing, be chargers sn amount squat to the last estimate
ny tree public body, ut the assessmem lur the improvement.
.E NSONAL PROPERTY INSPECTION, FIEPAIR: Seller warrants that ell major apptianc¢s, heating, coOhng, elecNical, plumGing systems, and machinery err! in
~nq rUnJitiorr as of 6 days !,tine to closing Huyer may, at his expense, have insPec do ns made o! tau! sterns hY lirtnsdl persons dealing jn the repair and main
- a thereof. anJ shall report sn rriting ear Setter such sterns as /vunJ not in working condition poor to tak ing of posst•ssion thereof, Or 6 drys pricer to closing,
i ',ccer is tuft Vnless Buyer- reports laihues within to irl period, he shall be deemed to Nava warve•1 Seller's warranty as 10 failures reef repor4erl. Valid reported f
i 'a ~ :•r•s shall Ue corrected at Seller's cost .with funds thereto. escrowwr et closing. Seller agrees to provide access for insper_tion upon reasatneble entice.
I
~ ~++SK OF LOSS: If the Improvements are damaged by fire or other casualty prior to closing, and costs of restoring same dua•t not excreas 3'.ti of the AssessM
:at~un o1 the ,mprovenunts so damaged, cost of restoration shah be an obligation of the Setter and closiny shalt proceed pursuant to the terms o onirsct
< Hsi UrerCfor eS•.ro.ved at closing In the event the +rnst of repair or restoration exceeds 3!: at the asstssa~t va'u.pion of the nnprove,nrrnts so damaged. RuYe+
s•~ a,' pace the Ot'tiOn of either taking the prOPrrty as is, together +rciih either the said 3 : or any insurance V+OCeedt pa y.rble by votes Ot such last Or dam aye. Or O(
~ ~ e~~ny Contract and receiving retu.n of Jepnidls) made hereunder. -
E ;.'.1tNTENANCE' NoNvrthstanrling provssions of Standard O. between Contract data end Closing date, Personal property reterresd to in Standard O and reel
fi .:cy +ncludrng Iswn, snrut+l,e.y and pool, it any, shall be maintained by Seller in condrtronf they existed ss of Cont.acl crate, ordinary wear anJ ttar excrnted
+ ~"tiJCF EDS OF SALE AND CLIISING PNOCEOURE: The deed shall Ue recorded upon clearance of funds and r+rdence of tale conlrnuNi at Ouyrr't axnense,
tare in Huyer, without any encumbrances o? change which would sender Set{ar•s side unn+arketabtr, tram the date of the last evidence erne! the rash pro
~~•s or sale slwtl be hNd in exruw by Seller's aUOroey ur by such other escrow ayent of may be mutually ayres'•1 ..port fur a s•eriJJ at not Iwnh.r snare 5 days
_ a•~~t alter closing date It Sellers title Is rendered unmerketalde. Huyer shall within said 5 d;+y period, notiry Server m wrinnL of the derral east Seger shat)
30 days from Wee of receipt of such notification to 7.n•s said detect. In the event Seller tails to tirn¢ly ant acrd dtfett eft •non~es pent nerrund•:r :fist!, upon
_ ~ .IC•nand tharctOr and .within 5 days thereseler, L•t sesurnetf to Buye? arts, sinrul[ar+ets.,sly with such re/, ,yruent, Ruynr err all vet a'e tl.+ 1•ta•n,ses anU rCCnn-
•^r , ros arty in +Juestion to the Seller by fpeciat warranty deed In the event Huyer fails to make timely demand for refund, he shaft take stns at 1,,, rea+virtg all
> a~air.st Setter as to such intervening defect except as may Ue evaitaUle to Guyer by virtue Of warrantrts. i) any, conia,nrd in Jce,l In tot event a t,ortron ul tree !
r~rs+ ,r. i,:e s to be derivMl from inslidthunal !financing or re financing, the rerluuernents of the lendiny ir.ihtutiou a: to glare u,ne and s,rr._~-.h.+es for ct~s:+~g, t
`+•,r .+rsr urser+•cnt of murtgaye proceeds, shall control, snythtng in this Cuntrs_t to rho contrary nntwithstending Providers- huwevt:r u,:rt tl.e ;.-nee st„ll h.:a
~y'~r td rcrlune Irom such IeneLny institution at tlosing a rwnmilmant that it wit. not withhokf dis~ursernent of n.antyarp. prc,caecss as a reset! 01 any talc dosses
•..~,~.,tsoh• to tla.ytr v+ostgegot.
t '-•:-H.,t'F A•+y Escrow agent rEreiving tents!-rf authori[ed and agrees by acceptance thereof to promptly deposit erred to hold same in escrow and todisuurtr
n a i,~~ t to crra•ance thereol in accardanre .•rith terms anti conditions of Contract. Failure ui clearance of !eons shall nut ercusr performance by the BeyEr
e~.enl of doubt ds IO his duties Or liabilitirf under the provisions of this Conti ac t, the EtcrOVt agent may rn his sole dittrebon, canrrn~.,e to hnl•1 the motors •
' arcs Iha suhiCCt of this .•tcraw Uftt~l the'f~ tR•t muluatly agree to the rliihurcement thereof, Ur until a µ,tlgrnent of a rnu,t of coin{.sent lurisdiabon shaft L'
~ ~~~+e rhC rights of the parties Iherrtd, d? ifelrrla~r deposit all the mnnrr•s then held pursuant to this Cnntia.t •.vdh the Clerk of the f_+rruit Gnurt a} the Cnvn•v
I;,rrsdre Lion of the dispute. and upon notilying all partiuf concesnbd n1 such actwn, all liabdrty un the Part u( the ^sr tort a,rent shat linty term inate, excrht
• ~ ~r~ assent OI acconntiny fur any manias lhtrmofa,rr drtivcred out n/ escrow. if a ticrnswl rent estate beaker, rhr es+:rowce ~.v.ll comply wrth pruvsionS of $r1CUUn
.'J`, 111 fat. ~.S as anrCndrai In the evCnl of any Suit Iret,vren Huyer dnd Srlh? whHeirr the esr:raw agent rf rnad~• a party by vrr t.,t of a~rinN as such aKCrO:r
. _ t•r.roundr,, u• m the event ul a•r/ snit ~.vhe•..in eterox atM_nt +nterplCads the Sublrct tensor u1 this eu.row, the eu•oa .•ynt :hall be ••nNtlyd to recover a
- -~ar,te anorncy s fee and cucts rncurna, smd lets and costs to be charged and assessed as co+.rt costs rn 1,?vor of the Pre••aiiing party. All p.,rtn+s aq•ere that the
ayrnt shall not I+t sable to any party or parson .wl+mntuever fur rnirselivery to Buyer nr Seltzr of moms! s•rbrect to this escrow. unless such nrisdelivery shell
ro :~iaful breach a1 this t;gmract or. gross n.:gl.genre cn the past of the esnow agent.
• t t'tf3NF Y f [ ES r+rJD +:>-iSl ; In eonnectror. with env htrgabon including appellate procEwsings ansiaa .,ut or this Cnr,trar_t, the pr.•wailrng party shat) b•
:~i rn recover reesonahle attomey•s fees sod assts ; _
E E Al1Li . If Hnyc• lads to ptrrorrn this Contract within the t:ane fpe!itied, the OCpasrt(sl paid by tl,r 9uyvr aloresanl nray be ?eramrl Ay nr }ur the account
' ~ as tiquideted JanrarlCS. consideration for the e~ewtion of this Contract and in fidl settten,ent nt any claims. ":her,t.,hlrn all parties seat! !.e rNieved of {
i ~ ~,yatiu ns umtrr the COntratl. ur Server, at firs oPtwn, may PruaeeJ at tiro or in e+tuity to enlorce his lyat nyht: rr,~drr chi; Contrsc 1. tl. fur any reason other
i ' nt ,re of Seller In render fist bUC morl atabtr alter :Iilrg¢nt effort. Se.Ntr /a.1s, neylecti or refutes to perfcnn this CnMract, the Buyer rnav secs specilic per-
• a o, erect to recewe the return of red drpotirts) v_,Urout Urerr-by we,ving a •y actior. for tfarna9ts resulting from. Steer's breath. •t
w k.1CT NUT ftECUR!~d(iCC, Pf~I15UNS HOUND AND tJOTICf IJl+.1•er this Cuntra:t n,,r any Holier lhtrrUt ,n~.r! be recotde!t in any public record!. y
• s ]retract :hart Lind an.1 i.unr r0 the Genefd ut the pasties I,rreto 3na! Iheir sE• ..tenors in inh••est. Vlhcne. the confers ptr-.nits. ;in•)e,tar sh d1 inclr+dt Plural ar+d 'y
. .i-r,:le• shall ins 1•.rde alt No+;: a Siren by or to the arton,ey Fir tether party sh r!r t:r as eUe•ar+r as if givers rv or h, sa•d party
•HATIONS ,1Np INS'J f+ArlCE 1!•rs, ssstsvnents, rent, inlerrst- :nsur,..~.c and other ext.r•~srs anA •r+en ur• nl ;nr-1 properly alr.rll h9 proraioJ et Of data
's~•~y Duycr slsall beer the up bore ul trek n,y arcs any cr+ttrng polir fief of tn. nsnce on rho pr opurty, it astiur:•ante, n+ ..Inch o. r:nr Irron.r,nns shell bu proralwrf. i
- s .r;n aI elasn,q sl,al) era tree teaser! nr ,1.•c rtseJ as •u ay Ire trot, nrt••! by sera! r•r n+dtit+nt i.ll ,rlr••nerM ,n r'nnr; ,,.t t0 1„rtr a+ernt .rt of .I:ru~ nl .Jusiny wdl fx 3
t ; date of or~rrPanc y' rf ocun•:mry uccurt poor tU clnsrng. antes; othm v: pruvidC,1 for hrr.2m
i S
• ~ ,•.vF•+•ANCE Starr s1+a11 cur+vey title f0 ihr; at,rrsaiA r~•a) l•IOpt•,ty by •'..t'rwry .vananry dr•:rl S-:bIC~ • only to m:rt•±n rnnraipr•1 rn ParFJr:+ph Y11 beta,!.
_ . _ property shell, ~rt the rryut.sl UI fs.,rr-r, be cc.nr•tyc,t by~ alt ehsOhitr 1• rl Ot eels rilh v+or:.udy :,t tare Sr,hsN 1 to z.,, h hr'+t J: rnav fee nthenvlt6 provided
.n i
' t r1t 11 A1,111 11,11 N / No r,rwr Ur pr,r:rnl age nun •ents of reprr..ml , nr. ti+.lh lid 1•r• ~Inni rr.,•n +.ry rrl +1•, ,rd~nua h..,, +u nr,lpat utr O•pm,rlaf In
•'s pr Ir.,Gt Nn n,ud.la ,r:gun nr cha•r~ in~this Cn~ntract 1hd1 1•e ra4J ur binr+..y rtpdn Iho lr,n area p~lust m welt ~:9r else. ur•.1 try rh•r t, nr.,.. 1 I n•i•,.1 +t,..rrrhy
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