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how~v~~, lf tMn srs eompltt~d improvwnena on tM Prop~rty by i~nuuy tst of ywr of clos~np, wt+ich improvNnerro~~qi~n islstenn~~ary 1st of the
o~ior y»r. tM~? tax~s thsll b~ pronud b~wd upon ths prar ywr's mittap~ ar?a at sn ecwitaW~ ~nt to b~ aorNd ~~t~tv~n th~ fsillnp which,
reoueit will bs made to the County Property Apprai~r for sn infortnN asewnsnt takirq into ca~sidetstion hom~ttead ezamption, if tny. H~wevsr, any tax pro-
ration t~sa'd on an estimat~ may st request of either Buyer or Seller De wb~uently rssdjusted upon nceipt of tax blll on candition thst s ststament to thst sffect
is set forth in the tlosiny sUt~ment. '
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SPECIAL ASSESSMENT LIENS: Cenified, cortfirmed and ratifisd :pecial sss~ame~t liens es of dats of closing (and not a of Effeetive D~te) erc to bs p~id
by Ssll~r. P~ndiny liau a of dat~ of cloung shsll be ssurtad by Buyer, provided, howeve~, rhat if th~ irtmprovsrt?ent has bstn wbsqntislly complated es of Effeetive
Da*.e, wch pmdinfl li~n shall be considered as tertitied, cunfirmsd or ratifiad and Seller thall, at clotinp, be charyed an ~rnount equel to tM tast estimste by the
nublic bccly of assetvnent for ths impro~rement. ~ `
N. INSPECTION; REPAIR AND MAINTENANCE: Seller r~presenu that, a of ten (10) days prior to closing, the roof, (includinq the fascia and soffit:l, snd
walls do not have any visible wid~nce of Issks or damape snd that the septie tank, pool, all msjor applisnces. heatinp, ~roolinp, N~etripl.~mbir~y systems ~nd
machinery are in workin9 condition. Buyer may, st Buyer's expense, have inspection msde of said items by'in approprutely litens~d per dealinp in the eon-
scruction, repaii a~d maintensnce thenof and shsll roport in writirq to Seller ~uch items th~t do not m~st tM sbove repr~sentations, toq~e~iM the eort of
correc~ing ssme, prior to oceupa~cy d' jwt leu than ten (10) dsys prior to ebsiny, whichever oo~vrs first. Unless 8uyer rsports wefi deficienyes Bfthin ssid period
Buyer shall bs daerned to have vw~ved Seller's roprasentatiors u to deficienciu not rsported. In the event rapsin or roplseaments sro rsquirodrQel~} sAall psy up tQ
3% of che purchase priee for wch repain or replscementt by sn appropriatfly licenssd perwn. Howsvar, if ths cost for such ~epsin or repla~~~~ 3!6 of
che purchass oria, Buyer or Seiler mty elect to psy weh exass, failiny which either parq may esncel this Conusct. (n the ~vent SellK ' to correct t!r
dzficiencies prior to closinp, the cost thereof shslt be p~id into ycrow at closinp. SNIw apre~s to {xovid~ utilitiet ~ervite fo? in~ctiorn up46 notia.
Becween the Effoctive Date and the closinp, Seller shail maintain the Property snd Personalty inc7udinp twt not limited to tM lawn end shru the condition
herein represented, ordinary wear and tear excepted. Buysr thall be permittsd eccess for inspection of the Property prior to clOSing in order t~ rtn campliat~ce
w~th tne foreyoiry. ~ ~
O. RISK OF LOSS: If tha improvemenu are dam-3ged, by firr. or other cas:ialty pric+~_to cb:inq, artd costs of restorinp same doet not a 3 of the ~:d
va!uation of tha improvements w dmnaped, cost af rettoration shall be an obligat~on of the Seller and closing shall proceed pursuant ta the t~s Contract vrith
ccst therefor acrowed st closin9. In the ever.t the cosi of repair o: restoration excesds 39E of ths aua~ssd valuatipn of the improvemonts ~o Buyer thsll
have the ~ptio~ of either taking the Property as is, tag~ther. y+itR aither the ~id 3'% or a~y inwrenca procseds pryabla by virtue of wch loss d~di~aps, or of csn-
celting Contract and recriviny retcrn of deposit(s) madr hereunder. ~ ~ -
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P. PROCE~DS OF SALE: CLOSING PROCE~URE: Tt~e deed sha11 be recwdsd upon clearance of tunds and evidence of title co~tinu Buyar's expense,
!o show title in Buyer, wittout any encumbrances or change which would render $eller's title unmarketable fram the date oi the lest , and the proceeds -
of tha s~le sha~l be held in eserow by Seller"s attorney or by fuch other escrow sgent ss may be m~~tuslly aQreed upon for s p~riod of no; lorger th~n five t5) days
from and after elosiny date_ If Selter's title is rendered unm~arketable, ~s+Yer shall within said five (5) dsy xriod, ~otify SNler in writirq of the defect end Seil~r
shatl have 30 days from dato of receipt of wch notificstion to cure said defect. In ths event Seller fails t~ timQly curo said defect, all monies paid hereunder ~hsll,
upon vrritt~n dsmsnd thersfor and within fivt (5) dsys thKeafter, be returnsd to Buyer ~nd, simultaneously with such rep~yment, Buyer~st~al: raute the Property
'~i ar,d reconwy ame to th~ Sell~r by sp~clal wuranty dssd and mturn the Personaky. In ths event Buy~t f~ils to rt?ske timaly demsnd~fol ref~lnd, 8uysr shsll taks
k ticle as is, vwivirq s11 rlphts spdr~t Ssller as to ~uCh intervsninp dsfect excapt s~ may be arailaWe to Buysr by virtue of ~rsntia, if sny,cdj~taimd in tM dssd.
~ I n the event a portion of Me purchase price is to bs derivad.from institutiona! finsncirg or re`inanci~g, the requiremcnts of the I~nainp institution as to place, time
of day and procodures for cfosiny, and for disbursement of mortpsgs proceads, shsfl control, anythinq 6n this Contrsct to the contrary notwithstandiny. Provided,
~ hcwever, that the Seller shall have the right to caquire from wch lending in=titution at closinp a commitment 21?at it will not withhold d9sbursement of mortQa~e
~ prxeeds as a rault of sny titie dsfsct attribuUble to Buyertr?ortyeQor. The escrow and closing protedurc rsquirod by t~his Standard may be wni~~2d in the event
j the attorney, title ap~nt or closir?p s9ent inwres aprinst sdverss mattert purwant to Section 627.7841, F.S. (19831, as ~mendsd_ i
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u. ESCROW: Any esucw e9ent receiving fur~ or eq~uvc~ent is suthorized and aghes by scceptance theraof io daposit promptly and to hotd iame in eserow 'i
and subjcct to tlearance thereof to disburse same ~n atcordance with teims aR~ eoriclitions ot tM~ (bntrsc!.'Faifurs of Flesrance of funds shall ~ot e~ause perfor- ~
mance by the Buyer. In the event of doubt as to escrow agenYs ~iuties or liabilities under the proviuons of t~+i~ Contract, the oscrow agent may :n epent's ~ole dis-
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cretiori, Contlnus to hold the wbject matter of this escrow untit the parties mutually agree to the disburtement thereof, or until s judpr!lent of a court of competent
i ;urisdiction shzEl determine the righu of the parties thereto, or escrow agent may deposit same with the clerk of the cirvit court hwing jui'isdiction of the dispute, I
and upon notifying all parties conce•ned of wch ection, ail liabi!ity on the paR of the escrow apent shall fully terminate, ezcept to tAe extent of accountir~ for any
items ther~ofor~ delivercd,oyt oi escrcv~. If a licensed resi ettate broker, the e~crowegent will comply with provitioru of Chapter 475, F.S. N9~il, as amended. In
;r.e event of any wit betwee~ Buyer and $eltet wheisin th~ acrow agent is made a party by virtue of acting as an escrow apent heYeunder, or in the event oi any wit
vrherei~ acrow spertt interple~ds th~ i~+bfeSt matter of this escrow, the agant snsll be entitled to recover rE~sonable attorney's fee antl cotts incurred, said fees and
costc to befharyed znd siseued ss couK costs in favo~ of the p?evailing party. /~~I Daries agrse that the efcrow aqent shall not be IiaWe to any party or person
,vhomsoev~t tcr misdel:wr~ to Buyer ar S~Iter af iterts wbject to this escrow, unlesi wch misdelivery sha~! ba due to willful bresch of ifii: C~ntract or gros~ ne91i-
~ gerte on ths p~t of tM agent. ' . .
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~ R. ATTORNEYFEES:COSTS:InconnectionwithanylitigationarisingoutofthisContract,theprevailinQpartyshaflbeentit~edtorecoverreawnableattornay's
~ `eas and costs.
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~ S. FAIL4JRE OF PEHFORMANCE: If Buyer faN~ to purform this Contrsct witAin the time spscifisd, (includiny payment af a~l depos~ts henunderl, the de-
~ pos!~(s1 paid ~y the 3uyer may be retained by ur for the sccount of Seller as liquidated dama9es, ~onsiderstion for the execution of : t Co~tract s~d in full tettle-
r-,ent ot ~ny ctskns; wher~pon Ouyer and SeHsr ~hsll b~ nliewd of atl o4lgstians under tha Contnct; or Sellert st Stller's opt:on, m.y proeeed st Im or in equity
;a enforce Seller'i !epal riphts urtdet this Contr~M. !f, fa any rosson other thsn fsiiure of Sel{er to msk~ Seller's title mpketa~le~aft~r dilf~nt effort, Seller fsil~,
~aale.~.tc or refusss to perform this Contrsct, the &:yer msy seek ~pecific psrformance or elect to rscsive the retum of Buyer's d~positls) without ihereby wawinp
a action for dsmapa rewltlnq from Seller"s bre~ch. ~
T. CO~ITRACT NOT HECOR~ABLE; PERSON8 BOUND; NOTICE: Nsither thlt Corttract nor anY notice thersof thall bs rocordsd in any public rscords. This
C:;ntnct shsll bind ~nd Inun tc tht bsnafit of the pattia hsreto and th~ir aa~on in intsrat. Wh~nsr~r tha cont~xt ptrmKs, sir.yular thsll ineiud~ p{urnl ~nd one
gend~r shsll inctude ell. Notlcs qivdn by or to the momey for any perty ~hsfl b~ ~s eff~ctiw a if piven by or to atd puty.
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U. CO~1VsYAyCE: SNI~r ~I~COnvsy titl~ to ths Prop~rty by sUtutory warnnty, tn~stN, p~r~nN r~ntaifw or guardian dMd, M appropriat~ to tM
s~atus of Ssll~r, wbj~ct only to mtttert Zonteinecf in Psrsynph VI I hs~eof ~nd thote othsrwiss.CC~ptsd by BuyK. P~nonalty ~hsll, st requat of 9uyK, be conveyed
uy en sbsolut~ bill of als Yvith ~vstnnty of titls, wbj~ct io juch mttt~rs ai may be otherwiis providad tor hKein.
~ V OTHER AGREEAIENTS: No prior or prs~ent'ipreements or representatiosu shsll be bindinp upon Buyer or Selter urlass includsd in this ContrACt. No
modificatio~ or chany~ in this Contract shall be vNid or bindinp upon th~ p~~i~µapf in mitir~(~yr~cutsd by the pa!ty or psrtiet to be bound thereby. ,
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