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Home My WebLink About2713STANDAR06 fOR REAL ESTATE TRANSACTIONS /l EVIOENCE OF T171.E: TAe Seller sl~all witAi~ days 115 days if this blsnk is not tilled in) fumish to 8uye~ a compl~b a~bsvact d otic prepued Oy ~ ~eputaDlt abtusct fi~m pu~pwting to be sn accu~ate synopsis of ihe inst~uments sfiecting the title to ~Ae ~1 popnq reca~ed ~n d~e Pubhc Fietads of that countY to the date of this contract, showing in the Selk~ a marketabk titl~ in aooo.d~rwr +r+~A otre sar~dards adop~ed f~om time to tim~ by th~ Ftorids 8x subject onty to liens. e~cumbrsnces. exceptions o~ aw~~fi~caoona s~c twtA in t~~s conaxt and those which shall be dischs-ged by Selk~ at or betore ctosinp. Buyer shsll hava fiftetn ItS! d~s hps 1~e dste of rsoe;~,;~g said abstrxt of tit4 to examine same. It titk is found to be defective, the Buyer shsll. withi~ sa.d peri~od. nooty tAe Sri4. in writi~q specifying the defeca. It the s~id detects render the titk unmsrketsble, the Selltr shsll have ~ctY l901 days t~rom receept of wd~ nooce to aue the dehcts. and if siter said pe~iod Selbr shall not have cured the defects, Buyer :~+~ A~e tl+e option oE I11 aooevting atle as it then a, o- 12) demanding s refund of sll monies paid hereunder which shsll forthwith 6e eewr~d e tl~e Buyer, and Mrreupon the 6uyer and $elkr shall be released ot all iurther obli9ationt to eath other under this Canvact ~ CONVEYIMlCE: Se11er sha11 convey titk to the wbject prope~ty to Buyer by Statutory Wsrrsnty Oeed wbject to: I1) zonirp and~or restricnons ard prohib~tions imposed by gover~mental wthority: (2) restrictions. easements and other mstters appesrin~ m iAe piat s~d'o~ coRnnon to the wbdirision; 131 bxes for the year of dosing: I4) other matter specified in this contract, if any. G EXISTING YORTAGES: The Se11er shaq optai~ and iurn~sh a statement trom the mortyagee setting forth the principal bala~ce, ene~Nod d pa~nent, intnest rate, and vrhethe~ the mortgage is in good stsndi~g. If there is s charge for the chanye of ownership reoords b~ tAe nwrtg~q~:. it shatl be borrK equaliv by the parties to the transaction. In the event mwtgagee dces ~ot permit the 8uyer to a~sume the exiating mo.tgige wid+ait a d~ange in the interest nte. te~ms oi payment or other material d~ange, the Buyer at 1rs op~on ~ cancel che contract aM all monies paid on the purehase price shall be reiu~ded to him snd tht panies shall be reiea~rd ho.n ar further obiyations. My variance i~ the amount. of a mo~tgage to be mumed from the amount ststed in tfie Contract sAy1 be added to or deducted han the psh payment or the ~xchase money mortga~e, u the Buye~ may ekct. In the eveot wch nwrg~e ~Farwr ~a more tAan th-ee percent 1396) kss than the smount indiwted in the contnct, the Selkr shall be deer»ed to be ~++detamit unce. Me Conaxt BuYer shaii execute all documents required by mortgagee fw the sssumption of said mortgage. D_ NE1M YORTGAGES: My purchase moneY note and mortgage shall follow the forms ge~erally acxepted snd used in the county .R+e.e d~e land i~ iocaud_ A purd~ase money mortgage shall provide for insurance against loss by fire with extended oovera9e in an ~nount not kss Lh~i the tuN inwrable ralue of the improvements. (n a first mortgage, the note and mortgage shal) provick for ac- arieru+on_ at tAr opt~on of the Addrr, after thirty ~30) days defautt and in a second mortgage after ten {10) d~ys default. Second rmtsaqprs sluN crqu~re the owner of the property enctimbered by said mortgage~ to keep sll prior liens and encumbrances in good uae~in~ and torbd tl~e owner ot the p:operty fiom atcepting moditications, or furture advances, under a prio~ mortgage. Buyer urii !w~ tAe rqpt to prepay alt.or any part of the princip~l at any time o~ times with interest to date of psyment without penalty and sad pa~ree+ents sAall appty aqair~st Me principal arnounts~~ext maturing. In the event Buyer executes s mort9age to one other iAan tAe Srlfrr, a!! cas=s and dwges incidmtal thereto shall be paid by the Buyer. If this contract provides fw Buyer to obtain a new n~ort~~r. d~en Buyer i pertarmanoe undrr Mis contrxt shall be contingent upon Buyer's obtaining said mortgage financing upon the wms snted, or if rwne are staLed, tAes~ upon the tlrms generally prevailing at wch time in the oounty where the prope~ty is located. Buyer a~rees drloger-tly to burwe said mwtgage financing, DuL if a committment tor said financing is not obtained within da~ys i15 da~ys if drs Wink is not filkd in1 Irom the dau of this Contract, and the Buyer does not waive this co~tingency, then either 8we* or Seie* ma~r ~~a~e tb:s Conuact, in whicfi event alt deposiK made by 8uyer pursuant hereto shall be returned to him and ali parties reliered oE aiI obGgatians hereunder- E_ SURVEY: The Buyer, vr,thin tfie time sllowed for delivery of evidence of title snd examination thereof, maY have said proFerty wrseyed x his expense_ If the wrrey sfwws any enuoachment on said property or thst the improvements located on the subject property ~n fact enuwci~ on the {ands et othe.s. or violate any of the covenants herein, the same shall be treated as a title defect. ~. INSPECTIOl~iS- 117e-m~~= Prwr to closing, at Buyer's expense, the Buyer sFWll have the riyht to Fuve the property inspected Dyr a 1~censed ex~mruprg company to deiermine whether there is any xtive termiu a wood destroying organism present in any =.epro~emcnu ow ssid properiy, or any damage from pior termite w wood destroying aganism to said improvements. If there is an~ suc~ ~nfesiaoan a darnagr, the selkr shs:l pay all costs of treatment and repairing ~nd/or ~eplacing all portions of said improve- es~es~ts +rhef~ are ~nhsted w hare Aeer- damaged. 21 Genera!_ Pr~or to cbsing, the Buye. shall at his expense, have the right to hsve a roof, seawall, pool, electric and plumbing +wspectw~ o~adr py persor~s or companies qwlified a~d lioensed to perform wch servites. If wch inspection reveals functional defects ~ia df3crent~aeed tco.n esUetic defectsl. Setkr shaQ pay all costs of repairing said defects, and if repairs are not completed prior to cf~os+ny, suNr,ent f~ shait be esuowcd at time of cbsireg to ef fect said repairs. 3i P+rrsor~at Property: TNe Setle. rcpresents and warrants that all appliances and machinery included i~ the sale shall be in sor~rq order sd se~ ss of tNr date of cbsing. Buyer may, at his sole expmse snd on reasonable notice, inspect or cause an in- spceu~on ~o De maar d tAr appGane~es and equip~nent invotved prior to closing. My necessary repairs shall be made at the cost of ~t+e Se~e* aid. ~f aDV~~pt~. adequa~e funds shal~ be escrowed at time of closirg to effect such repairs. Unless otherwise agreed b~ ~r p~arties. tAe buyer shatl by pooeed~ng to dosing be deemed to have accepted the property as is. t~ Esvo,w tor Rerairs: If repairs calkd tor in sub paragraphs 1,2 and 3 hereof are not completed prior to dosing, sufficient i~,~ yytE bt escioMOld at prne of tlOSing to eHect Said repaitf. SI L,~mnc~on a+d Opoen Clause: Selkr sfwll be responsibk for all of the above repairs up to 496 of the purchase price. In t6e esesit tt+e wd of drr rep~irs to be accomplished under this paragraph exceed 496 oi the purchase price, then eithe~ party shall ~~a~e ebe oPSOn ot P~YrEg anY artwunt abo~e 49L of the purthase price and this contract ~hall then remain in full force and effect. Hore.a-. ~f r~e,tt~ DortY agrees to pay the add~tionat amount above the 496 of the purchase price, then at the Seller's or Buyer's opt.on tAs Cantrxt may be canaelled by giv~ng writun notice by US. Certified Mail, Return Receipt Requested, to the other party, and d~e depos~t sAaii be rtturned to the Buyer. , ao~c3~ pAS~27~ ~ ~ ~ ~ ~. .~_~ .- .. _ : .~ _... ~ - - . -~ ~~ ~ _: . _ . _ .~