HomeMy WebLinkAbout0986 2STANDAROS FOR HEAI ESTATE THANSACTi(~ ~ • ~
, ~i ~ ~,~c Ti' lE A~ s!~u~i~t u~ Fr ~arKl ~ rouyht ~~~r~~nt Ar a~~Pu~sbi~ ~nd sx~sU•~ ~ftrs.~ I~rn• l~t ~~at r:~a:~rw cntn cr•i ~~P: ~i o;IM]l I~j '
. . ~ ~~1 ~ ~ an ~a~ J~J~~t 1v~~J1~~t .~1 U., ~ .,~~~~r.tt rfleit~~~w ~he 1it~~• to WOIe'~ i•~oVAty rr. ~ede~t m tLe Put.h• ra, o~ t~ ~ ~ tl~r .vn'~ v~n~r•
~ ~~tr ~~.~airJ. ltu0upn EIl~.t,.t Ust~. An abitr,. shall cO~n~nrncr .v~th tr~,.• earli~st puDlic r~cords, o+ s.i=h later Jatr as ~nr. hr .-.:so~~~a~v ;n tna r
,,,i'. ,,.,..~•r~„ ~n. ,-~...i r,.~ ~t titu~twi. S~titr slyll conviY a man eti~Ole t~tla s..~1~.ct onl~ t0 UMf. Mtumpr~nCet. e•cdt•tluns O~ ~iua111~cahonl s~1 fi~~tfi ~n ~hif CO~
. i~~ u..... ..n~ 1. !:.,n ~.N Aia~?~~~yc.i I.y :,ell~~ •t Jr l•~W~u ~iuHn~. }.7si?.• tel.la t~tte th~tl Gu dtlRfminld in i~, o~~~anc+ witt. inpli~able 1~U~ Stan~ta~JS ufOPt~~ `
~~s 1~,v ~.o~ ~~~o ua~ •nd iq 1t~Urd'rit~~ witn la~r. ~~~on clos~n~ of th~s t~~nsaction Wch W~d~ct th~ll t~e~ on~P tne F~n~;e~t: ot ~~~a+, subie' t to !h~ rip~t !
c.,•,t .~r. u~a~.+: ~ ~~~;c rn~rtpap~+ unuf tuilv Paid. or a~.eie ~nw.sn~e cO~,~nutmtnt isw~d by ~ au~lilikl tide insuro~ apre~inp to ~asue to Ru~•p. upon t I
•,,i th. ~,.r! to 8uv~r, rn O.vne~'s policV ol t~tls insu~~nce
~n ~hr smount O th~ purcASN ptiu. Inwriny tiU~ ~t th• Buysr to tAe ~~pt~e~ty, wDj~cl ~
. a~~_:n~Wa~~u;. •tc~Vt.ons o, qwtrt~ut~ons s~t toith ~n thia Conuact and thoN whic h t hal l b~ d f~c h~rp e J py S~ ~ l~r a t or besw e ci o un~ Cu~•~+ rh Nl ~
, s. n a:~stract o: 5 d~Yt. tf ~it~• commitm~nt. f~o~n d~2e of ric~~vi~q evtAa~c~ Ot tide to ~xsrni~~ wny. If tit1~ Is lound delecti•, e. Buy~r shen, wltAln 3
v~r•..~a~ear, ~ o~~ly 5.-~~e~ in wriiinp sc.~~.~t~~nq datecU;~. If s.i~ ~ def~rUsi renW~ titl~ unmu~~t~Dlt. S~II~r sh~fl he~• 1.0 da~c tro+,~ ~ecQip: a( ~wt~c• wfthin
, n t, ir~~~ovu ?:~~J ~rlc:tisl. ~nd ~1 Saller i? untuct~eftul ~fi ~amOVin9 th~m within Nld tlm1, Buy~r iA~ll hsw t~~ optian of either (l) sccevtinp th• titl~ ~s it
~7, d»~~ .~~,.f~ny • r~lund ot ~II ~r~Jnirs paid MteurxJat wl~~~h A~i~l tarthwith D~ NturnW io 8uy~r and tMrwP~n `~uti•or a~d Seller t~~a11 b~ retaas+d. as to
,n,•c~~«~ :.t :.,i u~a uot~Qatw~f und~~ tM Contrsct. Ao.r~+ar, SWrr aor~~s th~t M wi11, if trtl~ is tOUnd IO b~ unmarke[~ble, us~ dil~qent ~ftort tu con~ct the
~e~~. e s~ ~n nite w~;~+~n the Nme provide~l thK~for, i~cludmp tM bnnqi~q ot nacussry wits• .
F~:'_. t Ir,~ f,IORTi>i.:,E3 S~~I~r ahalt fumish a aUt~m~n[ trom th~ mortp~q~~ls) t~ttinQ forth principal b~l~nc~, method ot payment. internt rete an] wh~tha
ty.+yn~~i puod stanU~nq- 11 a mortpsya ~MUirK ~pP~ov~~ of th~ Buy~r ~y th~ ~nortpapN In Orcj~[ t0 wOfd da~~ult, or for aswmpt~On t~y tn~ BuyM Of faid
~~~~.,ae an:, iT_) tna mo~tpapae do~s not aDV~ow tM Buya, tAe BuYK ~av r~~cind the Contr~ct, or LZl rpuins sn ~t~C~NN In the Intasst rate o. cMrQ~s ~/N
,e,•.un ,n .•ss o~ 5/00 00, the 6uysr ms~ r~xind th~ Co~tr~ct uM~ts Sdi~r ~I~cti to P~y sueh IncrwM or ~YC~ss. SNlsr ~nd B~ye. shdl t~ch p~y 50~L O~
~ 1tre 3u~e~ sna1~ ~sa reasonabl~ dilig~nc~ to obuin approv~l. Th~ ~mount o~ ~nY Kcrow d~poslts hNd by mortp~p~~ thNl be cr~ditW to SNt~r.
~'vRG~t.SE A1VWE V MORTGAGES: rM purchass monty not~ ~~+d mort~y~. If ~ny, shsll provid~ for a 30 d~y pr~c~ pe~lod i~ the ew~t of dsiault If it is•
ac ~•~o~tV~~a an~t a 15 day prac~ pu~od it • s~cond mOrtp~y~: DtOVid~ ~or ~pht O~ prp~yrt»nt in whol~ or In part without pens~ty, thall not provid~ fpr
~_a~r~a:~on or inte~ese aJjusimen[ in went of .~}al~ ol tM Prop+rtV: ~~d shall b~ Oth~rWiq in torm ~nd cCnt~nt rpuir~d L~y SeUer'f attorn~y; providW, Aowtv~+.
,:rr n~ry un~y ~e.iu~~~ c~a..sQS customar~ty tourW 1n mOrty~y~sf anJ mortpap~ r.otas p~nH~lly utilized Gy avlnps ~nd loan Insiitu[ions in the cou~ty wh~~dn th~
~1 overty ~s ~ocate.i. Sa~J mo+tpaqw ~hsl1 rWuir~ th~ owner O/ th~ ~ncumb~~ed Propaty to ke~p all priar ti~na ~nd •ncumbranc~s in yood s`~~dlnq and fo~bfd th•
:r:~~ 01 tne Prop~rtr f~om accepunq modificniona ot or futur~ advancQS under prior mortpp~tsl. All p~rson~l prop~rty beinp co~vWed wlll, st option of S~~~N,
s~~G~ect to tAp I~~n ot tn~ r*~Ortqap~ ~Ad lvid~nCW by ~~cord~d Fin~ncinp Statem~nts. ' - . ~
>;UHVEY: Tne 8uy~r, within tim~ ~IIOwW tor d~livNy of wid~nc• of title snd ~x~min~tion thN~of, m~y have th~ Prop~rty survay~d ~t ~is ~apence. tf th•
l_ ~'.P~. CCr1~11lA oy s rp~st~red Florid~ wrv~yor, fhows My ~ne~wchm~nt o1 said Propwty o~ tt~~t improv~m~nts Intanded to b~ locat~d on th~ Prop~rty it? f~et
..,,,i,,~~n on la~~ds o1 othe~s, or ~~iolst~ ~nv ot th~ Contr~tt cOwnanta, th~ ssm~ sh~ll ba trqtW ~s ~ titl~ d~f~ct.
" T E arA~TES: T~e Buv~r, with~n tim~ a1low~d for dNiv~ry of evidanc~ of titl~ and ~+umination thsrwf, or no I~cer thsn 10 d~ys prior to closir~p. wnic~w~. dst•
, _~rs :as~. .nav havs iha ~mo.ovam~nts inapect~d at BuYK~s ~xW^~ Dy a Ce?tifi~d P~st ContrQl ~p~r,~to! to dat~smin~ wh~th~r th~r~ is ~ny vifible ~ctiw t~rmi~•
~~rsta!•o~• u~ v~sib~e axist~~fl damape Irom Urmit~ in(estation in tA~ improvements. H~uyM is,lnform~d Of ~ithe~ or both o( fhefo~polo9. Buy~r will hwt 4 d~ys
~~~ate o~ +Y~~tce~ ~ot~ce th~raof or 2 days ~ftN fN~ction of e eontr~tior, whicA~v~r occurt firtt, withln which to h~v~ alt.damy~s, ~vhethtr visFblo or nOt, In•
::~r~ceJ a~~d ost~~~~aeeJ ~Y +~~~H~seA Duitdinp or ptn~r~~ eo~tr~etor. SNta shat~ v~V va~id eorit of tr~atm~nt ~nd ~~p~ir of all d~maqe up to 13;% of Purehsse Prle~.
~~~c~.,~d sucn co:ts exceed tnat ~mo~nt. BuYtr shN~ hw~ tht op~ion oi cancNlinp Contract inithin 5 deys afbr ~ec~~pt ot contracto~~s repa r est~mate y p v np
.•~cten noi:ca to S~~~6r, Or gu~~r m~y Nset to proeNd with th~ h~nsaetio~, whkh ~v~nt Buya thNl r~e~~v~ a erMit at clofinyof sn ~mount pual to 1%,%of .
sa~~f Pu.cnas~ P~ice. "Termit~i ' ahsll b~ dt~m~d t0 lnelud~ ~11 wood tl~stroyinp orqaniuns r~quir~d to Ds r~portW und~r ths Plorida P~st Controi Act.
= It.GRESS AND EGRESS Sell~~ wsrrants tA~t th~r~ is inpr~ss and pr~ts t0 th~ PropNtY sufficientfor th~ interxl~d ui~ as d~scrib~d ~n Pe.~p~~Ph Vlt herwf
f~:e ~~Ua ~o whieh is in sccords~u witA Stsnd~rd A.
" ~cASES~ Sa~ier sh~ll, not I~ss th~n 15 dsys prlor to closln9, turnisA to Buyer copi~s of ~II writt~n I~assf a~+d estopp~l I~ttars i~om ~ach t~nant specifyirp tA~
!~aiv~e a~d Juration ot saiJ tonsnt't occupancy, rontal rat~s ~nd ~dvancd r~nt and s~curity dpodts paid by tensnt. In th~ evant SeIIN is unable to obtaln wch
•scier t~om each tenant, ihe wm~ ~otormstion ~h~ll b~ ~urnish~d by S~Ilsr to Buyer within said time p~riod i~ the fo~m of ~ SNI~r's ~ttldavit, snd Buy~? miy
cnerea~ter co~t~ct tenants to cenfirm wcA Information. SNI~r ~hall d~livN and assipn all oripinsl I~~sK t0 Buy~r at c~os~nq. '
LtEN3: So11~. sha~l, both •s to th~ Prop~rtY snd p~rso~+a~tY b~~~y fo~d 1?~reundK, ~urnifh to Buy~r ~t tim~ Of clos7nQ sn aflWavit ~ttestinp to ih~ absenes, unl~sf
~~n~ w~se provided ~or herein, o~ ~+~V fin+ncin9 st~t~rt+~nts, cbims of li~n or pot~ntlal li~nor~ koowo to Seil~r a~d further atbstin9 th~t th~re havo bsen no impfOVe-
~~~en[s.co M~ ProPe~iy tor 90 dayt immWiatNY Vr~c~dinp dato of elosinp. It th~ P~op~rty hss b~~n improv~cl within said time, Se~~ei shol~deliver rNesses or walve~s
a~l ~ne~:henic's I~uns, eA~cut~d by Q~nar~l contrK~on, wbcontractors, supp~~~~s, and met~rialme~, in addition to Ssli~r's lien ~flidavit settinq forth.th~ n~mes oi 1
a' ~ w_n yuncral conuauort, wbcootrRto~s, suppliKS and mat~rialrnM aod twthH r~citinp that In t~ct sll bflh for work to v?~ r?op~rtY ~ich could servr as s b~sia
~or . ~nechanic's har ~~ave be~RDaid Or will b~ P~id ~t,clotinp. , . • . • - . . . - ' ' ' • . ~
~~'L %.CE OF CLOSi~+G: Ctos~ny sh~~~'~+ h~ld In eounty whHOin Prbp~rtY 1~ loc~tsd, a~ M~ offic~ ot ~ttorne~ or d[her closlnp a9~nt deslpnatad bV Selt~r• ,
T 1AtE T~~ne is oi th~ ess~nc~ Of.(hi~ Contr~ct. f?RX r~fK~nce h~r~in ttr timo ps~iOds Ot"IHS than 6 dayt sh~11 ~O ind 40fY1plrtdt10~1 thlf~01 Q%GIYd! Satutdiys; $un-
J~a; ; and le~i~ holiCays, and a~y tim~ pKiod P~ovid~d fOr h~r~yn whtch fh~ll ~nd on ~ S~tUrd~y. Sundsy or Isgsl hol{dsV shsll ~xt~nd to 5:00 p.m. ot tAa ~~zt full
• ~:~s;noat Jay, ~
~(°GU .!c ~i T5 FuR CLOSING: SNter shetl furnish de~d, mech~nic's li~n sifidavit, assipnments o1 ~eesez, and any correct~ve +ntt.u~ne~ts tha~ maY De raquirb irt
,n~~ect+on w~th pe.~cctiny the titl~. Buyer t1+~f~ lurnisA cbsinQ st~t~mMt, mortpap~, mortpsp~ noto, s~curity aqre~me~t. and tin~~cing st~tements.
F_ ~:~~EN, CS~ Stei•, ctoc~~~+•c~t~ry tcsmps ~vhlch ~t~ rpul~W to b~ sHizW co ths InstrumMt of conveya~ce. intan;~~ble t~x o~ and recordinp of purch~se mon~y
~~o ;aoye to S~~~er, and co~at ie.:ordiny any corriptiw instrumsnts sha~l bs P~id by Sall~r. Documentary stamps to be afiiaed to the no[e or ~otes sea:u~ed by the
.~..•~r,ase m~nev mort~aqx. coft oi r~cO~dinp tha d~~d snd tinanclny ststemants shalt b~ p~id by Buyer.
' PFI~}FiATIJN OF 7t.XE5 IREAL AND PERSONALI= Taxesshsll ba pror~ted bssW o~ ths wrrent year's tax with due ~ito.vance made for maaimum allowabb
~:,n; ;.n:J ho.ue~~eaa.f or ott~~r ~zemp[io~s iT allowed for ssid yur•l( tios+rW occurs'at a dste when the current year's mitla,~e is no• tixeA, and current y~~i f~
:~~t ~s avaiia~~e. ~:..es ~v~ll ne prvraiad Lasad upon such~ assesvn~nt, ar+d th~ prlor yoar's mltla9e. t( current year's ass3tsment is ~ot availabl~, thert tsx~s wili
~.s..ora~e., on the v~~oi Year's tsx; provided, how~ver, if thxe ar~ complet~d improv~menn on the Pr.~perty bV ~+~usry 1 st of year o1 cloeing, which improvemsnb
e n~c +n eaistan: a on January 1st ot tho prior ye~r, th~n taxos shsll ba proNt~d basW upon the prior yea+'s mitlsqe end ac an equlta5le assessment to be sqrMd
~~e;..aan tha Ne~ t~es, tailinq whitA, re~ausst will De msd~ to th~ COUnty Proptrty Appr~fssr for •n informal assesun~r.t tskinp into considQ.atlon hom~st~~d
=,~mpcion, ~S env. ~+onever, any tsx D~or~tion besod on ~n Ostimst~ m~y ~t requ~st oi eitht~ par{y to the transacuon. be sutssaquently ceadjustad upon r~calpt of
t,~i~ on c~nJ~~~on ~nat a siatim~nt to that aEfect isYat fLrth in the closin~ state~neM.' : -
Pc~~AI ASSE.i5ti1ENT ItENS: Certitied. conlirmW end ratified sp~cial auesun~nt liens ~s of date ot closing (and ~ot ss of Efte~tive Date1 are to be pa'r!
i: ,:,euer. Parxi~ng ~~ens as of dat~ o~ closinq shsl~ ba sssumod by Buyer, provided, howavtr, that wnP~e the improveme~t has been substantia~~y comPletM aa of M~
e~ ~~_~r Pata, w~~~ ~~ndm~ lien shslt be considar~ as c~rtitied, coniirmW Or ratitiad snd Soiier shall, at ctos~nq, be c~arqed an smounl equal to t~+e (ast estimatf
Me i,~!~lic body oi the atsessm~nt tOr ths improv~mant_ .
y'C RSUN,IL PROpE RTY INSPECTION. AEPAIR: Seller wsrrants that s~~ msjor applisnqs, heating, cooU~W. e~rJ.~cal, plurnb~~g systsms, artd machinary are in
k~nq cond~t~on a: o~ u Aays prior to closinp. Buy~r m~y, ~t his ~xpems, nava inspections mada of sa~d it~ns by I~censod persons dealinq in tbe repair and main-
an. r ~nereof an,f snali raport in writinp to Seller cuch items as tound not in workinq candition prior to takingof po:session thereof, or G daVS prior to clotinp,
: ~.ace• ~s ~:rs~. Un::ss 6uiar repor~s failuros within sa~d period, he sh~lt be deemed to have waived Saller's wa~rantY as !o fa:tures not reported. Vslid rported
+ z~~ nes snal~ oe cone: ~nJ ae S~~ar's co~t w~th (unds tMrefor ascrovtieC at closiny- Se~ler ag~~es to prov~de acc~ss to~ inspe~.tion vpon reawnable ~ot+ce.
faI OF LvS~ :f u7e ~~nprovemants sro damagad by tire or otha! casualty prior to cbsiny, s~d costs oi restonng same dOts not ezceeJ 3"; of:the Assesssd
; ..r, a~~ ol Ms i+npr.~ve~r~en~s so dsms9ed, cost of resroratwn shdl bo sn obligation oi the Sd1sr snd cbsinp shatl procaed pursuant to the terms o ontr~e[
' ...u~ cost therefor es..~o.ved et t{osing_. In th~ ovent tho cott of reoair or restorati~n esuedt 3~ of the assessW va~uat7on oS the improvements so dan>aged, Buy~r
h.~ve ~ne o~~~on of n~tnar tski~p th~ P~oVKty as is, together with ~ithtr th~ said 3~: or sny inwr~nt~ proceedc payab~e by vvtue o~ wch loss Or d~rtugs, or of
~ ~.~u~:.ri~~nq Co~.~act ;anJ recaivinp retur~ o~ depositls) mad~ her~under.
j `+.tA~NTENA~ICc' ~':o[withstu?dinQ M• provisions of Standard O., b~twee~ E4i~ctive Dat~ end closin9 date, personal DrovortY reterrW tu In Stands~d O.
~ ;~c~! ~,ro;•e~ i,+. 1•~r-~ ~dl„y :awn, shrubbery ~nd poo~, if any, shs~~ be maintsined by Sllltr In th~ tondition theV existed a~ o~ Eftective ~ste, o~dinary wq~ ~nd
e.~•;,ted an . 6 ~ rer o~ 5uyer's d~s~pnte wil~ be pxmittad accoss forlnspecti0i?cltior to elosing in O~der to contirm complisnce ,~vich this Standard.
; a';~^ ~EE iiS vF 5•.L_ ANO CLOSING PROCEDUR~~ The deed shsll be recorded upon cl~arenca oi lunds a~~d evkience of ti~~e continued et Buyer's ezpense,
c„o:v c~rt~ Pv,er. :•.lthout any e~cumbrsnces or chsnqe which wou~d render Seiler's titte unmarketabla irom the date o~ the last evidence, and the cssh pro-
~ o~ sale sna;+ 1,e ~,r~d M escrow by SNI~r'e attorney or by wch other escroar ~9ent ~s msy be mutu~~ly egrred upon tor ~ paripd of not lonaer than 5 days
,.~~t atirr c;os~n., ~~ate. !f Sa~ler'stiUe if rtnde?~d unmarkt[able, Buyer shstl witMn pid 5 day perlod, notilV Selter in writiny of the Aefect ~nd SeUer shsN
30 J~~vs ~ro~n a~'~~ of receFpt of 'wch notificstion to cure ssN! defect. In the ~vent Ssller l~q~ to timsly wre said defecl, all mooies pAid hereJnde• sl~all, upan
••;*•~n dr~n.~~,J +ne..•~u• art.l wi[t~in 5 days tnare~tt~r, ua returned to Buy~r arW, simulyneouslY witryCsuch repavment, 8uyer thall vac~ce ~he PrppertY snd r~con•
~ • ,.,,,r m+n~ 5~~~~••~ t~y snecyl ?vs~sin~V dae~. ~lr~ tA~ ewnt BuyK hils to make timNY demand (pr ~~fJnd, h~ shell take tiNs as It, waivinp a~l riphts sgainst Seller
s•:rh ~nro~•.e•~ n) ~iv~ect except ss may be swilx~t• to Buyer by virtue Of warrsn~ias, if •ny, co~Uinsd in d~ed. ~n the event a portion of the purcAaa~
~ ia .n ~~n ~te.ived ~.om insti~ucionsl fina~ci~q or refinancinq, ~he rayuirM~ants ot rhe lendi~g institution as to place, t+ine of day s~d procMures for elos-
,~,i ~,.r •+•=•.vrs r.,~.•~~t rnortgaq~ y~oceeds, sh~d tontro~. +nythlnp i~ tt~is Contrsct to che eonttery notwithstanding, provided, however, lhat the SellK fhall
~ t~~•• to re au r~ tr.~m w..h J~ndmp instit~twn st closiny a commltmant that ~t will not withho~d disbvrsement of mo~tgsge proceedt as s resut[ ot a~y tltlt
art*~hvswr.in ~n Buyer mortQ~00f. T~s es_row and cbsinq proce~fur~ n!q~irod by this SUndard m~y ba w~~v~d in tha ~:ent the attorney, tille apeni ot closl~q
~ ,~~n a:i..;r~s~ ~•tc~~~ce ma[t~n pursuant to S~ctiOn 627.7841, F.S. ss ~mendsd. ~ `
~ ;i f~V~J• An~• ns^ro.v aqunt rectNlny tundf.is eutho~iiW ~nd agr~es Dy ~cceota~e~ thK~of t0 P~omptly deposit and to hold sarr.~ in escrow end todiiburs~
g sti! to ~t..ara~~• th~rrvOf in xcorda~ce with terms ~~d condit+Ons ot Contraat. Fallure of dearanto Of funds sha~t not excuse pertormar~e bV the 8uys.
~h„ •:e„~ ot dw:ut a: to hiS dutitf or ~iabillties ~nder 2h~ provisions 01 this Con;ract, the escrow apeni,maV in his sole disr.rstion, cantinue to ho'J the moni~f
~re ~he sur,~e-: ol tnis escrow untli }M pAriias n'1uW~~!y aQree t0 tf~E d~sbu~tWnfnt thetl0l:~oi ~~nti1 ~'judg~nent of a court of cOmpe[en[ ju~isdiction shall
~~n~r~e th~ i~yht: 01 ~ne partias ther~to, or he may depos~c s!1 the monies ~hen hNd purwant to this Contr~ct wiih the Cle~k ot the Circuir Court o~ +he County
~,.,i ~~~n<•~:,~~~~n th~ diso~~t~, ~~+d upon nnt~tyinq NI parties concernPcf ot wch ection, all liebilitv on the part oi ~I,o esc~ow pent shall fully trm:n~te. except
~ ~r o+ ,~rnur;,no fnr any monies theretotor4 de~i~~ered out ot esciow. !t a~ic~as~f rea~ ~state broker, ~hw efucwee will compW with pro~Rsions of Section
~ .~~.S f 1~ as a~~en~f-rJ. In the ev•nt nf any s~~~~ betwa~~ 8uvK Tnd Se~~e~ :v~~~ein t1+e sscrow ~genr f+ ~~a•!r • p~rty by vutue of acNno asiach escrow
~ . , n~ ~ho eveni of •rny su~t ~r.he~~!~n es~rnw a~ent inte+pleads the s~~bjr~t r~atte~ ot this escrow. rh.~ rxrv.v ayrc~t shall ho ~entitlerl tc~ rqcover a
~,c- .•~!i!o a~~~mey's ~~e •~r;e• costf ineu~rwl ~aR1 leqs and cos~s'~o b~ chs~qPC1 and nss~sse~t as cuu~t costs in tavor o~ +he i,~e~ailing pa~ty A!i parties ag~ee thst tAe
. rr a,~.~nt :na~~ n•.• t~ ii:~L•~. to anY (~rrry pr petson whomso~R? fOr misdl~~~erV to Buyer o~ SCU~~ ot mories subjvct t~,tiiis escrow, unlQSS such,misdelivery shsll
; ;.~::!ui r,. r nl ~~~1: Contract or gro:s ~egliqenr! or ~ne n.:r[ ot Me efCrowugeqt.• j' ' ~ '
; .l f, ,r,-: F~ i;'"S A~Jq COSTS; In r.o~nection with ~nV litipat•on includm9'sRpeilAte pr~~~dings'~r~sinQ out u1 tliis Co~nacy-tha v~~va~linq partV shall bs
t; .:i.:n ~ ~ ~ ,v., r.. .c~•n~uSe ~ltOrMy't fees and costf.
Y .,c i;_1 ,,.~,y-. ta,IS to•perform tl•~s Coritract n~h~r, :he t~•nr s~~e.i~~n1t tnx deposrt(s) paid by the Buyer n~oresaid may ~~9 retsinPJ bv ~`r for the account
e ::~_~v~:l~ted ~n~,tyrs, co~side.et~on fnr tht tRe*:uh~•n nt~~li~;.COntrz•:t and in lull ~tUe~M-1]f tny, claims; whreupo~ all psrties sl~all LR ret~evtd Oi
p .;e~~r.~s unn•~r tn~ Con~rxt; Or Se!~P~. at ~~~s o~:ti,n, m~: crJ at laii o. in equiry t0 an/orci hif teyai nght; undtr this Contract. 11, fu~ any rerso~ other
~ n_ ,,~'c,r I•~ ro~ender hif titie merr.•~3ole ~1te• ~si~~~g^~» e~fart, Setle~ flils, neqlectt or rift~~t to perform thfsContrsct, the'Buye~ may 3eek~speufjcpet•
~ ~e~•. •he retum of his d?pos~t(%! ~~f~~hout therebY wsMipq any actbR tOr Qampss ~e~ulting t~om Selle•'s b~each. _
t:i~.,-~. t:.'11 ~1! i~)~OABIF, PFr?SONS ROUND'AND NO'1~1(;E: N~ith~r th{~ Contrxt nor f~y~notice ther~0~ sh~ll be rec~~dre1 in any put;Iic retords
r• C~n!•ec• s~~ ~~~~J arxi in~ri eo ttia benefrt o~ Wrtias he~Qto s~d iheir tucceKOrf in i~tNeft. WAtntvN th! coniaat pen~ics, singuiar sha~l include ptural ~nd
~n: ,..de a~; hotr.~ Qiron bV p~ t0 thr attO~neV lo~ [~ther pi~lV W1a11 b~ df 61f~CWf ~a if pivM Dy O~ to faa! psrTy.
p~~(,r;.?;rJpS:~ ~.:~0 INSURiaNCE: Taxr.s, ess~sxn+nts, tsnt. ~n~tr~st, insur~nn ~Ad othN •xpen~es ~~d ~svenue ol the P~~perty sl~all be prorsted as of dat•
~ ! t~ ~ng. Ruyer ahatl n we th~ oVtion of ~akiny ova~ rnY •xitt"~ Polic'N of Inw~a~ct on th~ PropMy, if ~»um~bla, i~ whlch r.ent premiums sha11 b~ oronted.
~ _a:. at c~us~ny slis~i be ir~crpsed or Jecro~srd ~s maV be ~eyu+r~d by sai~ ororatiom. All n(er~ncef in Contract to Prorations ~s oi dats of closinp wYl b~
.•~^eJ 4'Jate o7 OccuO~~~cV~~ ~f Occup~Ilcy Ocfurc priW, tocloNnp, u~less otherwise p~ovidlJ f0~ h~reifl.
~ i~'~~N V=Y ~tlCF L~Ue~ sholt ec~3~tr tiUs to th~ P~opsrty by ust,.tory wernnty dQ~d wbject oniy to rt,att~+s contained in Peray~aph V 11 h~•eof snd ?hoN otner
rv.o~t?~ Dy 8 ~i~~~ PK~~~ij Ql~KtV• ~!a~~, at ih~ rpus~t ot Buyer, W convty~d Gy m W~oluts bill of w~r wilh warrenty of tiU~. ~ubject to such Iienf ss msy
s ~ ;r1~~~~•.ise ('~ov.~rd Io: A.vein. . . ~ .
.:~fa: C'~'~ . i: !~a prior or presant aq+~em~nts~ np~tiQns ~ b~hair~ unon any ot tfi~ Dartief here!o unlea ~~cor~,~•~t~d in thls rontrsct.
~ ...~~.r`nn ,~-.:nar.~! th~t COnt~n:t t~~d11 b~ w1iJ or biilk~~~n ~Mpar ' ~1~ ~11 Mritiny. ~x~tutld bV thc p~rtipS t0 b! bOUnd theTlbY-
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