HomeMy WebLinkAbout1236STANOAROS FOR REAL ESTATE TfiANSACTIONS
.. ~ V ~i)ENCE OF T ITI.E [1~ An ~y,i Of titl~ prK.~red W Owv9h1 cL~Nnt ~y ~ ret~ut~blo end ea~at~ny ~Dti~r~ct finn ti1 not r.~ttu~q thvn caint~~~ ~s r o~r~tf hy
~•.ct~ny h~~nl pu~yo~i~ny to t,~ en a..:urst~ sY~~upsh ot qe• u~suum~ntt ~~f~canq ~i~a ~~U~ to sop~~c~ re~1 ~~~oNer~y ~e. u~.~e.~ ~n thu pui~~~i ~acc~~c~s .n u~e co~~~~y
~:~~n ~he tand if ~itu~ttd. lhrouyA detn ut Conte,~ct An at,suace shall com~u~~c~ wN~ tAe earlrest uublic ~e~o~~ts. or su~.-. la!~~ Upf aS may hr c~,s~nn~~ry ~n ~~•
,~~~y ~rol~e~~~n the land it s~twtW. Sell~~ sAaU ~On~~y s~n~~kelable ~~tl~ ~n acco~AanG~ with T~tq Standa~dt adopted hon~ hrr~~ ta U~ne by Th~ i liir~da Har. sut~~~ct
,. io I~e~~s. •neu~~~b~~nees. •rcK-tw~s or uwlil~r~ho~if w~ bnA in thN Comrace anil tAOw w~~eh yAall W J~schs~q~af OV S~It~r ~~ or Wfor~ ctp~~ny. Upo~ ~los~np
. ~~~s tuns~cfion S~~ch aLStr~ct t1~~U ba:ume ihr pruperty ol Buy~r. l~~b-~ct to th~ ~ipht ol ret~~t~On Ih~reol Gy iirst mOitqaW+e untd tully p~~d, or ;~~ a titlt iMUr~
_ ~o~.~n.~~~nont nsu~cl by a 4ualihed [iel~ ~niuro~ ap~~rinQ to nsw io 9uYN. ~pon rea:o~d~np ot th~ de~d w Suy~~, sn Ownu's poucy ot Uti~ ~nsuianu ~n •
, ,~~,~~t ot th~ pu~chstie Dnc~. ~~su~~nq t~tle of tA~ BuY~r to tA1 r~al V~oy~rtY. tul,~~ct unly to fi~nf. ea~uenn~anus. axcePt~anf or qusl~f~c~tion~ sa~ /orth ~n this
.-~nir~ct ~nd tAo~ which {hitl O~ difchar9eA by S~IIM at or b~1o~~ clwinp. BuyN shrU eave 30 d~v+. il ~bsvsct. o~ 5 davs. i1 ~~ti~ comn,~~mont. I~orn d~~e of r~
~~iny evkl~nc~ 01 tltl~ to ~xunin~ s~m~. H ~itl~ is lound d~f~ctlw. BuyM s1+~11. with~n 3 days ih~rqf~N. noilfy SNI~r in wncina Wecitv~ny d~1~cHd.
' saW A~t~ttlfl rMdM tillR unm~~k~t~bla, S~IIW ~hNl A~v~ 120 dayt lrom r~c~ipt o1 ~Of~cf w~thin vM~th t0 r~mOV~ f~+d O~tKllfl, and ~I SNIN if unWtcfsflul m
~ u~~~uv~nq ihNn wilhin fi~d tim~. BuyM fh~ll Asv~ th~ OPtwn OI ~ith~~ ! 1) acc~punp tA• titl~ ~s i~ th~n is. Or (~1 U~nia~diny a r~tunu o~ ~II ~no~~~ua Vaid h~reunV~r
~,,. h sh~ll (or~h~wth ba ~~turnW to 8uy~r ~nd tho~QUpon Buy~r snd S~11ar th~ll be roteasocf ~s to ona another, 01 all fwthe~ o411paUO+~~ ~~nuar th~ Contr~ct. how
• e- Se11Yr a9~edS thil he wil~, i1 1it16 i• /OUrid to be umn~rketabl~, us~ dil~qent e1~0-t t0 Cor~~tf tA~ dlfect~t) in 2iR1~ w~!hin ih~ LiinC p~OVit7~A th~ralor_ includiny
~~ ~~~;ng~n9 ot ~ecesury suits
k X ISTING MORTGAGES 5~11~~ tAatl furmsh a stacemant from the monpa~ar~t) sethn0 turth punc~pal b~l~nce. metho~) 01 yaym~n~, interest raia a~d +vi~athe~
•. w~flayuls~.S~ in pood sianainp. It a mortpaye reyuires ~pV~ov~l of the 6uy~• by the ~no~iy~goa ~n or4@t ~o avold ~fot~ult. or 1or assu~npt~on by thf Buy~r Ot sa~d
_~: t~ape, and ~]J tt~~ mortQayQe doas not approve th~ Buyor. the 8uyer m~y ~eii:~nd th~ Contr~ct, or ,ZJ requues an ~nc~ease ~~ tht ~n[erast rare or cna~~ti ~ ~ee
•~,~~y raason i~ excess o1 510000. the Buyer may ~~sclnA th~ Contract unless Sener elects to pay fuch increasa or excnts S~Iler s~a~l uay 50°~e, of such tee up to
.'. U 00. BuYY~ shall ~se raawnable ddipence to u0ta~n ~yproral. Tne arnount ol any exruw Uapos~ts held ny mo~tapar shall be cr~UnW to Seiiei
,.'RC-~ASt AIONEY A1(SPTGACES Tho pu~chaie n~or:ey note anA mo~tqsye, il enV. sha11 Vrov~itr for a 30 day 9roce penod m the event o~ de1's~lt i~ R iti
~~~oryeye and a 15 day grace per~od il a se~:w~d morty~ye, thall pruvlde for ~~ght nf p~euav~nenc i~ w~o~e or m y~rt wrthout pan~lty, sha~l not p~ov~de for
.. _.,,. - .~- ... ~.L-.. ^! ' '.~ ^s ;.. _ _. ..d .n.u w~ ..•n~....:.. ... ~....., ~.,n .n..•o..• . .r~ hV C~u.•'a ae~nrnwv' MnviA~rl Aowev~r SNIM rnwy onlv ra~
•. .~ clsuses custo~nsrily~ lound ~n mortgaqes~ane niortgaqQ notss ge~eral~y utiNred Oy s~vinqs and loan inititutions in th@ cOUMy wheroin the prouerty is loca!cd.
,~,.urtyaye shall rrqwro thY o~vner of the prupe~tv er~w~nbx~ed t0 kcep all pn0/ henS anU e~cumbranceS in pood srand~ny and torb~d ~ne owner of th! p~0
• r~- !rom accsyt~np modih~_ations of or futu~e ec~vsn..es undrr prio~ mo~tqage;sl AI! pertonal p~oi•trty br~ng conveyru ~.~itl. at oVtion of Selter, t~e s~.~iec~ to the
„n ut the ~~+Ortgap~ arW eviuencKl bV rtcorv~d F~n~ncin9 Stutei~~ents
.,!RVE V The Buyer, .c~thin t~n~e allo.ved tor Jelrvery ot ewclence of ht~e anu tza~n~natw~ lharoof, may have the p~uVerty surveyetl at hn e+cpent~e H th•
. ~e~i~f~~ t by a~Ey~i'rrCt1 F10nJd Su~aey0~. ShO.vi e~ly dnt ro0ch~nent O~~ idu! VrOp¢/ty or tha~ n+~pro.e~nnnts ~ntanJecf to Us Io~ateu on ehe sub~ect VropNt- m
.~ .~enc~OaGh on landi ot otheit. Or viola[e iny OI th! COr:tia:.t ~OVenantS, the Sa~~~e shdl~ tie tred~ed dt a trtle dBft! t Any sUrvty D~eParetl ~n cOnnz~LO~ w~th Or di a
srr.uence of 1R~i trensdthon n~aY incliWe a dCS. ~iVt~un O~ ~he Vro~~@rty untlB~ tAe ~lo~~da Coo~d~na~e Syitem as !1Bfin~r1 1n CAaVter 177, F lu~~da Statutes -
~ - t RA11TE S ft.r Buye~. +tirth~n turia allowed lo~ dal~ve~y of ev~dence ot tnla end e.a~r~~r~at~un tRereof. or no lafe~ than t0:fayi pr~or to clos~r:g, wh~eneve. data
~ ~ast, ~nay have the imyio~e~nents ~nsNecte~ at Buyer's e^t,ense by a Curt~t~ed Pese Coneroi Operato. to detenn~ne whether there ~s arey wsib~e act~ve terrn~te
., .,!~on o. v~siblr ex~it~ng damaye f.om termite mtestat~on ~n the imprOvernents- 11 Buyer is ~nfonned Ot ehher or both o1 the Toreqo~np, Buye~ .v1t1 have 4 dayf
~ ~fste of w~n[a~~ not~~e ~hereo/ w 2 days after setxaon o/ a tOnbattor, wh~chev¢r occurs firs~. ~rvr.h~n which +o t:ave all aan~a9es, whe~he. v~s~ble or not, in
r. !CU and ~s~~matrd by a licunsed bu~lding or ~eno~al cont~actor Seue~ shalt yay valid costs o! !e•:atmen[ and reca~~ of a~i aamage :,u ~0 1'.% oi Purchase P.~ce.
~ .'~~ s~ch cos!s e.ceed that a~>>ounr, B~syer shatl ha~e ihr option o1 can~ell~~g Cont~ect .~~~hin 5 days aftar rece~pt oT cuntracto.'s ~epai~ eii~~nace by g~v~ng
~. n rwr.ce ~o Se~'e~. or Buye~ rnay e~a~.t to procced .v~M t-+e vansact~un. ~n wh:ch event Buye~ shsll recewe a c~edit a~ cloa~ng o~ ar, a~no.~nt eyua~ to t.~ ot
. .~:rchase P.u_e 'Tern~rte" shati t~e deemed to ~nclude all ,tiooA qestroy~ng ~nsects.
~ ..;aESS A~;D E.RESS Seiin• ~ovrnants and warrancs chat t~ere ~s ~ny~ess and ey~ess co the yrope~ty.
~ .wt~ .~e:~e. s~~o::. u~t ioii (i.af Z i ..a~a ~.~.:.~ :C. ..iJi~Aj. ~.~i .:~ t0 i:.~Yd: -J~..u3 JS i:: ..t:t:G : :'J.C: ":d L.tC•~:.C• •C••C7S ~ _ e•=n '_ _ . _[:f~~^^y :f'C
~ .~• a:~d J~~r,,c~on of sa:d tenanYs o~cupancV. ren[al ~ates and aclvanced rent and secwity Aeposits paid by tenant In the event SNler is una[,ie•ro ot~a~n such
~~ •, f~o~n ea_~h [ena~~t, the sarne info+mat~on sAall be fi:misheai by SQ~ler to Buyer with~n sa,d time penod in the form of a Seller'f a~t~dav~t, and Buye~ ~~~ay
~~ ~'~er c~on[act ~enants to r.Onfinn such ~nt~rmation_ SQ11e~ shatl d~liver and ass~yn stl oriyi~al leas~s t0 8uy~r at elosing. -
~~~.S SeHe~ snan bom as to ~he rQa~ty and pe~u,~s~ty oeing sold hereunder, furnish to 8uyw at tirne of closirp an •tfrdaw~ attest~nq to ine absence unless
~~..se N+ov~:led tor hereln of anY financing staternents, ctaims ot tien or potentiat lie~oro kno~vn to Seller and further sttlShny that lhB~e ha+B 4¢ln no ~mprove
, to U~e ~rupe~ty fo. 90 .1avS i:nmedlata~y p.eced~r.g date ot clos~nq If the prouerty has Deen ~mprovecf witMn sa~d tune, Setier snau cfet~ve• releasrs or ,~a~ve~s
~~ ~~~.;r,.han~c s I~ens. e.ec.~t.~ by qeneral contractors, subcontrxtors, supphe~s. anrl mate~~almen, ~n add~tion to Selle+'s hen a~tidav~t se~t~ng tor!h the namea ot
, . i yeneral con!ra~ tori s:.DCOnt.actOrf, supA~~ers and mster~almen and further retit~nq that in faci all b~!IS tor .vo~k to the suC,ect p~roVe«Y •tifi~ch co~~k1 se:.e
~ n~s tu~ a ~~~@~ f~d'~i. S'~~~'n nave oren pa~u ur .v~ii or paiu a- ciusing
~ .~E '~~i- CtnSIN„ Cluuny shai~ c:e !•eicf in councy :.nere~n urope~ty ~s located, at t~e oTt~ce ot a~torr~~eY o~ utne~ c~oxiny eyent ~~es~yniteU by Se;ier.
!•.IE :~~~~e ~s ~t :he esse~~_e ot this Contract Any ~eference here~n to t~~ne pe+~ocis ot ~ess tnan 6 davs sha~l in tne comuv~a~~on tnereot e.c~u~ie Sa<<,rdavs, Sun
..; ~nci leya~ ~~~u!~da~s a~.tl any h~~~e ~er~oU p+ov,oe~:l to. here~n .vh,ch shali end on a Sac~uday, Sur.Uay or Iegai holnlay sha~l e.[end io 9 00 u.~~~ of t~! nerl full
.. •~si ifay.
• i~CUMENTS FUR CL'JS~NG. Seuer sha't fu•n~sh nee~f, mec hanic~s ~~an affWavit, ass:gn~nems of lessrs, and any coneci,+e ~~~s!~..~~~er~cs iha+ r~~ay t~e re:~•~•-ed m
. ,. +~on wrth perfecUny the title. Buyar shalt fwn~sh c~os~nq stace~nent, mortgape, mortqage note, and financing state~*~ents. -
= r PErSES State surtax and Aocumentary sta:~~ps .vhich are revuireA to ue afiired to the inst+ument of convsyance inta~~g~b!e tax on an~i .ecord~ng ot p~r
~.~~ ~~~oney mortgage to Seller, and cost o1 racorJi~p anV corrective instruments shs11 be paid by SeIIE•- DOCUmen]a~y stamps w br a~+~~ed to the nore o• no[es
~ +~ed by the purchase maney monqage. coSt of rfcorAmq the cfeecf and f~na~un~ state~t;ents shatl be Ya~d by Buye~
• ~Rt~qATION OF TAXES (REAt AND PE RSONALI Ta,ces sha11 De proreteA baud on the currem year's taK with due a~lowanca mWe for ms^~mum snowsbl•
:,s o~~nc and homestesd or other eRemptions if allowed for sd~d yesr. If closing Occu.s at a dsle when th~ current yea~ s millage ~s not fixed, and c:irrent year's
+ss~~ssrnent ~s ava~lable, t~aes witl be prorated based upon such assesur.ent, ~nd the prior yaai s millage. It current yeai s asswxnant is nOt ~vailable, tASn taxes +vill
.:. ~~~•ate[1 on [he prior year's ta,~, proiid~d, howevw, if there a*o comp~tted improve~nentf on the Rroperty by Janu~ry lst of Vea~ ot c:osinp, wh~cA irnp~OVe~nenti
_.~~ot in e~:>tence on 3an:,ary tst of the or.or ye~r, then taaet ihalt be prorated UascKf upon thF prior year's miltage an~~ at an ~uitable assesiment to be ayresd
-~•~, hetween thB ps~tiez, lailing ~~hith, r~ouett w~!1 b! madt t0 th! Cou~ty P~00lrty ADPr~iSer fo~ an ~nformal asiRisment tak~ng ~MO consdt~atiOn hOmtKtlsd
~ c"'Vt~pn. ~4 any H01vCVer, any td^ p~Glat~On bdf!(1 On .ln Cftimete maY it ~lqutSt O( B1thl~ Dd~ty ~O th@ t~iRSaCt10n, ~Ef fuosAq~~@ntly ~@id~uLt~d up0l1 r~CY~pt Of
• n on condit~on ±hat e state~nenc to that eff¢ct ~s see forsh ~~ me c~os~n~ statemene.
SPEC~A~ ASStSSM11ENT LIENS. Certified, confirmed anA rat~f~ed specisl assessment lie~s ~s ot Aa~e o~ c~osing (and no~ a: ot aace of Contrsc~) are to be p~id
,'e'~er Pe~di~y liens as of date a} closinp shs11 ne assumeo by Buyer, provide~. Aowsve~, chat wne~e ehe imp+ove~nent hat been subst~ntiatly cor.~pleted as of th~
~.~ C:or.eract, such pending licn shsn be cons~de-ed as cerc+fied, confirmed or rat~f~ed snd Selier shsl~. st dosinq, be c~arqed an ~mount Mue~ to the 1~6t BstimaT!
. ^-~ t,tibl~c boVy, of the assesuntnt for thennpruvement
•' 750tiA1 PHOPERTY INSPECTION, REPAIR. Seurr ha~~a~~ts that a'~ ~r,e~or aNt,l~an~¢s, t:eat~r.q, coo~~~~q, e~ectrica~. D~~tnDmg s~stems. and ma_hine~v a~e in
.. ~~~g ccnd~tion x of 6 days pnor to c~osiny. Buyer may at h;s eaGense, nare ~nsyect~ons ~ra~fe of sa~if ~te•ns t,y i~~en.secf persons nea~~nq in the .eVa~~ ana n,al~
•• •r the~eof, an~ shal' report in ,roriting to Se~~~• such ite~ns as found not in wo.king cond~ticn pr~o~ to rak~ng of e:ossess~on t~e~eo-, or 6 rtays pno~ to ctos~~g.
• ever is ~~rst Unless Buyer repo~ti ~a~lwes wit~~in said penod, he thali Oe deer,en to ha~e :+e~~+rA Set~er's .+arranty as :o fa.lures not repo~ted Va,~d reported
, • es shaN be cor~ectec at Se~ter's cos~ .vith funds therefor escrowr[f at dos~np. Se11er aq~ees to provWe a~cess 1or ~nspection upon reasonauie notic~.
~ ~• ~SK OF LGSS !f the ~~~~o~ove~nants a~e ~~arna~1 by 1~re or other casua~ty p~ior :o Uns;ng, a~U costs e! restor+~g sa~~~e aoes roc excer~f 3~i of the Assess«f
. 3 .a~ on of tho ~n~p+o~:e~:.e~ts so dama~ed. cos! ot resto~at~on sha~~ be an obl:gatwn of the Seiler and clos~nfl s~a11 procee.i purswn; to th~ terms O ont~ac~
ost the+etor elc~o.ve~ at dos nq In rne rient the cost ot repsn or ~estor~t~on exceeds 3Sy of the assetsed vaiuat~un o' the ~mp~ovementt so damsyed, Buyer
~~ ~~ave *.ne opcen o! e:tne+ tsk+ng chr Nrope•ty as ~S. LG$¢ihBr .y~th arthC~ 2ne sa,d 3;, or any ~ns~•anre ~~~ocee:fs payahie hv ~~•t~~e of such ~oes o+ w~.~age, o. ot
. . ng Cor.rract and rece~.~ng ~eturn Of rfepvvtig7 r~a;fa here~.nder ,
'~:.~NTENANCE Wotw~ihsta~Uin~ ~~.ov vons o~ Starda~d O, between Contract dste a~A closrng date, oe~wnal proDe.ty referre•1 to m SNncfarU O and resl
~. -~ ~nr.wd~n~ ia::n, sn~~or;er~ and poo1. ~t an~r v,aU oe ma+nta~necf by Ss11er in conJ~t~ont th~y e^r-[e0 as o! Com•act date, ard~nary wta~.snd tea~ ancpted
•~ --~ ^DS OF Si.L"c A`1D CLOSI^.', PG~~~C~ 7URF Tne dee~f s~~ai! c~e ~ecororl u~un ciearar.ce ut t~,r.ds snd ev:aenc,e of t:sle co~~t~n~,e~i a2 Buye*'s experru,
. ~ ,,.r in B..ye~ ::ith~•~t dnV en_V^~~G~d'~C~S O• ~_han~n .vhi~f~ wOWd rEn%1¢r $d:fe~~5 trt:E ~~nrnatY.giat~Ie, tro~~ t1~f Adte Of thE ~3St ev~dence and the cash pro
~- ~ :a:a sliai! be hsW i~~ esc~U,r 7y Se~~e~'s attorrteV o~ by such othe• QY_~ox ayent as m~y h. mutually ag:eed upon for d pe.:oA of not lonyer than 5 days
~ ' c,`ter c~os~~:g .S3te t! Se~!er's titte s re~:aerad ,.~~.•r,~raetaale. Buyer shaN rnthin said 5 day par~od, rotAy Set{er m Jvr~tlnQ ot t~e 4etect and Seller shall
~~ ~e~; ~.o~~• ~iate ::~ ~e~~...,* oi s~.,~.h not~~,caLa-. tc ::.re sai~J de~ect tn thF ev~ni Seller faifs to tir•,eF~ : ure safri de!ect, alt mo~les pairf he~e~~der sha~I, upon
~ ~fe^:a•:; the~efor an~) .v~Lhtn S ddyi ?hg~gaftar. !~e ~¢tumCd 10 B~ye~ Jnd, s~•nul[a~c.OUi~V •f~th f~.':h rgpayrtignt, 8uy@~ Shal~ vBCdTe thC G~@~T~tSEf 0n•~ reCOn
.~°: N•oi•ertY in y,,.~stion to th? Se~{e~ by spe~~a~ :~a•ranty deecl. Ir. the event $uyer }0~11 t0 h'a4B timely ;fzmar,d to• re`~nd, he s~~a~~ ta~e t~?le as ~t. wa:~~ng a1t
~ ~-oa~~•s~ S?~+e. as to s~.cR inter.ening dofe~• ex:ept ~s may Ae availatle to Buye~ by vinue o! .~.ar.ant+es, :~ any conta~ned in .fee~f i~ :no e~e~t ~3 e:or,~o~ o` t~c
~ ,>~ .. ~• e s to be den,e.f frG~•~ ,nstau~~ona~ f~nanc~ng o. fe financ~ng, tha requ.re~nentf 01 the lendi~y ~nst~t~t~on at to ptace, r~me anr! orocr.~fures fo~ c1os~~g.
~ ' •i~st ,i se.,,ent o! ~^ortya3e pro~_aecls. fnal, co~.!r0l. dnythiny in tn~s Co~tract to the contra+~~ rtOt.:,thStdn~l~r,~. Prp~~:J2<!. hn.:~ver .^dt T~C Se!=¢+ sh3~~1 ~ao•
~ a 1.0•^ s,ch ~rn.~r..a ~~~.st~+ ~w~. a' c'os~ng a~o~nm~rrrenr •r.at 1• •.e~sr ~ot ~+~thl,otA d~;t~,~s~,~enr nr mo-tqaqe pra:_Qe;fs ai a~~s.'t n~ a~~ t+le ~ie'ect
~ " . •ar ~... ,o $ ~yer mUrt9~9oc .
5:1\V Any @SC.rOw ayC~~t recrw,ng fun.is K duthOr.[C:1 dnd ay~bei bY ~~~ep•ance Ther¢O} to prUrrtpfly d¢pDlil .an<'. t~~ hO:tt Sin:p ,r~ Ps~_ro.ti anq t0 ~~:sb.iri!
.:o,e~_~ to ciearance :n~.eof ~, acccnJ~nce .v~ih ter:~n and cundi;rons of Contract F adure of clearante of fundz sna~~ noe exc~ise :~er+o•~r~ance uy the gvye~
~ ~~ e:«~r of 'oubi as co ~is A~ties or Gab~F:2,e: ,;n~~er rt,e c.rov~sions o~ thiz Co•~t~act, the es~ro.v egen! .~~ay in n~s sole d~scret~on. ~.on• ~:,,e cn ~~o~d ihe ~+~on~es
q ~ r~ thr sub~eu u1 it~ s e•u_rv:. ~.~ntit tr~•. ;.~r:v_s ~~*.ua"y aq~ee to t}~e :i~sbu~se~nen' thereo~, or vntil a ~~^~~~em of a cou+t o+ ~o~~~net~rrt ~..nsoir:~on shal~
s :~~e ti~~ ~~di:ts ~! tne aa~s,es ;t~er~to, :,~ ~~e ~:~a~~ uep~~s~± ati the :non~es then held p~irs~~a~t t0 thK Con2~0Gt ~nth ihp C~9~k of i~e C~rcuii CCU~t of thC COUnty~ ~
y,. 9 par'ies concerned u1 s~.,:h action, at' IiaOii~tY an tne {:a~t O~ ihe euro+~. agen! s•.ai ~ully fe~r*~.:r~~re e+ccept
S itiSdict~Un O~ tnP n,s:;,,te. a~d uL~n np~~f ~ 3':
; ~, yt..nl O~ acr 4~.~~tiny'ur any ~no~;~es theretofu.e delrvered out of escro:: If a IitenyEtf •gd1 ~Sta.C t~r0~ Cr. thp gSCro.ti¢B .:~~ft ~0~~,;,ty .~ilh i,rnriS~oni of $CrtiOn ~
- .".c` 11 (ci, r 5, ss ar~•~ended :n the erent u} an, s~:it be-.yee~ 8uyc~ and Se~ier .vhe~e~~ the exrU~= a~e•~~ is ^~ade a V~rh~ n~• ~i~~ ~e o! act~ng at n~:•.h zscro~.v
v •^.er`;.r.,,e~, c• irl the rvent o! anV swt ,vr.er~in eu_rar. ayent ~nte~plea~JS the s~~b)ect ma:te~ of th~s exrow, the escro•:. Dge~' sh~~l be e~i~t~ed t~i recove~ •
p _. -~~~at~~e atturney's fee anJ costs ~ncu~rQd. sa~~f fees a~cf ~usts to be cha~ged anA a;sessecf ~s cour+ costs in favor of the Jre+ail~n9 ~a~ty AI! ua•t~es agree thet the
! : ~~. e~~e~* shall noS be lisb!a ro any ps~ty or person who•nsoever for miuft~~very to Buyer or Se~ter oi mon~as suD~ect to thit esr_ro•.v, u~less si~ch mivfeli~~~o~Y shall ~
i ~ t0 ~nillful Wl~cA 01 thiS COntr~ci Or pioss npt~9ence on rhe part ot tne escrow agent
{ ' •~ TUHD.E~~ PEES ANO C,OSTS 1n conner_t~on :.i:h any Irtigaho.~ ~~cludmq appe~~ate proreecf-nqs a•~s~nq out ut *nis C.n~,t•acr, ~he ure.~a~~~ng ;;a•ty shah ue
i • • ~a~i to ~e~ oYe~ r2ssonable attorney's tees ana _osts
~ ;~l+:JLT tt g•~yer faJs to Gerform tms Coniract r+rth~n tRe bme specifierf, the depositfs) Vaid ny the Buye* aforese~~J r,~ay oe ~eta~nw' b~• or to• •he account
~ ,• Ie~ as ~w~.~~latrA O~+nay25, co~fide~ai~on for the eKec.~~+or. uf this Cont~a~ t ancf in full seftlement of any cla~~rs. sfiereuoon s~~ va~t~es s~~at' be re~~ered ot
~ •.~.yationS ~.nJe~ the Co~trxt. ur Seuer, ai h~s optron, rr:ay proceed at lativ or in equ.sy to eniorce hiz legal r~yhts under this ContsacT. i~. for ~ny reasort o~he~
~+~ `adure o~ S«I~er to render his title n.a~ke!~b!e atcer dil~gent eifort. Seller 4aits, neglects or rotuses to De~lorm this Co~trsct, ;ne B~.yer ~~ay see~ spe! ~s.: uer
' •+~ce or etert to rece~ve the retum ~f h1s AeposiUS) nithout thereby ws~v+n9 any ar,tion 1or damages resultiny from Se!ler's breach
~')NTRACT NOT RECORDABLE. ?ERSUNS BOUtJD AN~ NOTtCE Neither thit Contract nOr anV notice ther~of sha~~ be .eco~oed ~n any put,l~c •ecords.
•> ~ontract sF:all b~nd and i~ure to the Denefit ot th~ psrties h~reto and their successors in interast. Wheneve~ the context pe~mits. smg~ita~ shalt ~nclu~~e V~~+~al and
~: gender sha~l i~clude a~~ Noc~~.e g~ven by or io the atiorney for either party shs11 pe as eifeciive ss i~ given bv or to said party
•. oHORATIONS ANG tNSUHANCE: Texes. sssesunents, rent. ~nterest, insur~nce snd othe. expe~ses s~d ~even~e of ~1d proue«v shal! Ce prorate~f as of date
,;~osrng Buye~ shs11 hav~ the opbon of iak~ny owr sny ex~M~nq pohuas o~ ~~w•s~ce'on the property, if aswma~le, in wh~th evlnt prpmwmS shall De prorAtacf
e cash af c+osmg shatl be incrpasW or Jfcrease~ as n,sy b~ reyuued by sa~d prora[io~s. All yd~~ences +n COntratt to prorailons ss oT date ot clozing :ill be
~e=~-~ed "Aate of occvoancy" ~t occu~ancy occ~rs pnor to '~osi~q. unless othenvise prov~deA Ior nt.om.
~ CONV E V AhCE Selle~ shall conv~Y i~tle tu ehe aforesa~d real property DV staiutory v:arranty deed sub~ect onty t0 matte~s containe~f in Paragraph V 17 heroot.
.~~sonal property shalt, ae the rcquest of 8uyer, be conveyeJ Dy an absol~te Ldl ot sale wflh w~rra~ty of title, sublect to s~ch liens as msy be otherw~se provided
; .,• nerein
~ ~ OTHER AGREEMENT9 No prio. or nresent ayree~nents or representations fhall Ae binding upon a~y oi tha partiss hereto unless inco~porated 3n
i
~ •• . ~ontract No mod;fiut.or. or cnanqr ~n r~~s Confract sha11 be va!~d Or b~ndmg upon the parnes unl~ss m w.ir~ng, eRecu~M bv ~he pa:t~es to ne bound the.ebv
~ an~ 350 ~A~ 1235
~ r -- :- .- _. .- _ . _ '