HomeMy WebLinkAbout0959 . ~ . .
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- Fi~en . 7
ROGER PU~ ~E~i;~
. SL WCIE t,::;;!~~~ r. f-~
~2~49
A. EVIDENCE OF TiTLE= (t l A~ abttnct oi titN prqr+d o~ braqht currsnt by ~ nputabM snd ~xktinp ~bttr~ct tirm (ii not ~xittinp th~n o~tHi~d os oornct
by an existinq firtn) purportirg to be an acwrate synoqis of tM imtnxr»nt~ df~ctino tiW to tM P?c~pKty ncord~d fn tM puWk ncardt ot tM county MR?K~in t~
Propsrty is locatW, t?~rouph Effec;ive Date and whieh shsll commence with tha sarliest puWic rscordc, or wch I~ter dste es mey be customary in the county. Seller
sbsll eonvsy~a markstaWe titls, ~bject or.:y to lien~, snwmbrarxa, exeeptiont or quslifiqtara at iwtA in thb Contrsct snd thots which thsll be dbeharpsd by
Sellsr at or b~fore closirg. Marktqb~e ti;1e sAsll b~ detsrtnirnd ~ccordir~y to applicaWe Title St~~dsrdt sdopted by sutfiority of The Fiorids Bar snd in acwrdance
with law. Upon closir?q of thi~ tru~ssetion the abstract shatl become the p~op~rty of Buyer, fubjscC to tha ripht of retention thereof by first mortpspet untit fuliy
p~id: or f2) a title inwrane~ cammitment aw~d by a Florida Iic~nsed tids inwror apreeinp to isws to Buyer, uFan r~cordirp of the deed to Buyer, an owner's
policy of titl~ in~,uranq in the amount of tM purcl~ase price,lnlurl~p Buyei's titk to tM Piropaty, wbject anly to li~ns, ~ncumbnnqs, sxceptions or atio~a
set tarth io this Contr~ct ar.d thoss rvhieh shall be diseharped by Ssller at or bstoro closirg. Buyer ~h~ll h~ve 30 dayt, if abctrsct; o! 5 dryt, if title cor~i~~_""":
from de~ta of ncNvk+p evid~nco of titla to sxaraiew sams. If tide is found dtf~ctiw, Buysr shall within thne (3? deys th~ssft~r, notity SNI~r in writinp ip~c ug
defectb). If said dofect(s) rend~r titls umnarketsbte, as to item (t l Mroinabove or uninwrsb~e a ta it~m (2), SNNr will In~s 120 d~ys from recsipt of notiR3 ' in
which to ~mow s~id d~fsctls), and if.Seller is unwc.ces~lul in ramovinp them within seid tima, Buytr chdt havs t1~e option of either ~oaptinp tM tid~ a~ ~thi~
or damandiny a retund ot sll moniss paid hMeut~der rytikA shall forthwith'bs r~turnsd to BtryK and tlw«~pon Buyer arid SeUer shall b~ ~e1MNd, as to o~+~tw, ~
of all further oblip~tans under thi: Contnct; howevsr, SsUer ~prs~s thst Seller witl, if titls is found M bs unmsrk~ble or uninwrsW~, uss dilfpent efifort ~sct
thz defect(s) in tit{a within tho cime provided therefor, includinp the brinping of nstesssry wits. If a title polKy ~s bNnp tumishsti, 8uyer has the right to i ths
Seller to deliver an owner's marketability title policy providsd Buyer psyt any additional eharges snd maka rsquest thenfor within savsn (7) d~ys aft~?~f~iv~
Date. ~
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8. PI,~AC~}IASE MQAlEY MORTGAr~; $ECURITY AGHEEMENT; TO SELIER: The purchacs money not~ and mortpapa~ if any, fhail provide for~3Q~sy
grace qeriod j~1 the event of default ii it ic a first mortgape and s 15 day grsce period if a seG~,,
?rid5or letdlrmortQap~; ~hsM provide fiot riyFit of prepayme~t in~pjholY or
~n part without penalty; shall not permit eccelerotion or interest adjustment in event of res~Ie of the Property;ind the mOrt~ye, notland security apreerd$~~all
ba otherwise in iorm and content reGuired by Seller's attorney; Rrovided, however, Seller may only require clau~es wstomuily found in mortgapes, mortpspq n~es,
and seCUrjty i3rEfmYnts garlerelly uJilized by savjnps a+xi lopn institutions, or state or national banks located i~ the county whero~n the Pr~perty i= t
mortgage shill nquiro all priar liens and encumDrances to be kept iti good standing and forbid ~t:odificatans of or future sdvancoi under prior mortgape( ~A11
Personalty being conveyed wi~i, at option of Sellrr, be wbjeM to the lien of s fecurity agreement and eviderked by reewded f:nancirp statemenu. z ar
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C. SURVEY: Bu~nr, at'Buyer's sxper.re, ~rith~n tim~ allawad for dsl'r+erY of evidance of titls and snami~ation thersof, may hare tAs Prop~rty su?wyed and
certifisd by a?sg~~tr?ed Florid~ surveyor. If the wrvey shows sny ~nuoachment on the Property or that improverr~ts int~r?d~d so bs lopted on tM PropKty in
fact er?croach oh ietbsek lines, ea~rments, la~ds ot others, or viofate any resvietions, Co~tract rnvensnts or applicaWe povemmanLl re~uletions, ths ssme shall bs
created as a titi~ defect.
U. TEflNiITES: Buyer, at Buyer's expense, within t~me allowed to dtliver evidence of title and examination thereof, may have the Prcaerty inspected by s
Fiorida G`ertified Pest Cqntrol Operator to determine whett~er thera is ~ny visible active termite infettation or visible existing dart~aye from termitt infestation in the
~ :mprovements. If Buyer is intomtad of eitAer or both of the foregoing, Buyer will have four 14) days from dats of written notite U?sreof or two (2i days sfter
set=ction of a conL-actor, whiche~er accun first, within which Lp have ali darnages, whether visible _+r not, inspetted and estimeted by a licensed building or genera!
con[rector. Seller shall pay valid costs Qf treatment and repair of a11 dams9e up to 2% of purchase prica_ Should wch asts ezceed that amount, Buyer shaH heve
` rhe option of csncelling Contraet within five (5) dslrs after receipt of contractor's repair estimate by givirp written notica to Seller or Buyer msy eixt to pra.eed
~ with the transaction, in wfiich event Buyer shs1l ~eceive a credit at ~iosing of an amount equal to the total of the treatment and repair estimate not in excess of
t tw~ (2%) percent of the purchase price. "Termites" shall 4e deemed to in~lude all wood destroying organisms required to be reported under tt+~ Florida Pest Control
Act. .
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E. INGRESS AND EGRESS= 5elle~ warrants that there is ingress and egrets to the Property ~uificient fot the inter.~ed use as described in Pa:agraph VII hereof,
crt;e to which is in acco~dance with Stsndard A.
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r. LEASES: Sel{er shall, not less than 15 day: prior to closing, furn;sh to Buyer copies of all written leaset and estoppel letters from each tenant specifying the
-~ature and duration of the tnanYs occu;.aricy, renia! ratat, advarxed rent and security depoeits paid by tenant. In the tvant Seller is ur~able to obtain wch lett~r
from each tenant, the same~fortnation sha11 be furnished by Seller to Suyer within said time period in t1?e form of a Seller's aftidavit, snd Buyer may thereafter
contact tenanu to confirm woh informetion. Seller shsll, at closing, deliser and sssiyn all original lesses to Buyer.
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v. LIENS: Ssllar :hs;l, boi~ ss to the~Pf riy and Perso~~ wld hereunder, turnish to 8uyer ~i'time of eiosing sn afficlavit attestirsy to the absence,
~ .;n~ess ott?srwise providtd for herein, of any financiny statem ts, t~plms of lien or potential lienars krsown to Seller and funher ztteairq that there havs been no
rc~prowments or rpairs to the Property for 90 day: immediately preceding oate of closinQ. If the Prapsrcy has been improved, er repairsd within said time, Sella
~ sha~l deli~-~r releases or waivers of inechanic's lians, executed by aII general contrxtors, wbcontrscton, wppliers, and matxialmen, ir~ addition to Seller's lien
a; fidavit sattinfl torth the names af atl wch qeneral contractors, wbcontractor:, wppliers and mataialmen ~nd further recitinq that in fact sll bills for work to tha
operty or Personalty which could serve a3 a basis for a mechanic's lien or a ctaim for darnapes have besn paid or will t.F oo~id st closino.
~ PLACE OF CIGSING= ~losing shall bz held in county wherein Preperty is located, at the offi:.e of tM ~ttorney or othtr closing ~„ent desiflnated by Seller. ~
~ ' T{ME: Tir.h is of the es~erxe of thit Contrxt. Any reference herein to time ~,eriodt~f lestthantix (6?dsys shal~ in 2hecomputstion .here~f axclude Saturdeys,
~ S~r.days and legal holidsys, a~d an~= tima periw! provided for herein which shall end on a Saturdsy, Sunda-~ or legal holiday shall extend 20 5=00 p.m. of the nent
+o~J business c1ay.
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J. DOCUMENTS FOR CLOSIMG: &eller shall furnish deed; bill of sale, mechanic's iien affidavit, assignments ofi le~tes, and ar.y corrective instruments th3t may
o~ required in connestion with perfetting the title. Buyer shall furni~h closing statement, nort~ape, mortpaye note, tecurity agreement, ar.d fina~cing statemenu.
~ K. EXPENSES: State documentary :temps which erc roquirsd to be affix~d to ths inmument of ca~vsyance, intsnpibls t~x o~ snd reeording of pur~ha~e
~ rr.oney mortgaya to Seller, and cast of recordiny sny corrrtive inttrumonn tFwll be psid by Seller. ntary ~tsrnps to be ~ffixed to the purcfiate mo~ey
r,ort9age, cost of rxordinq ths deed and financirp statementt u?sll be psid by Buyer. BflOK~~~~ Pa~E
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L. PHORATIONS: Taxes, assesrnent~, rent, interest, inwrance snd other expensas at~d roverr~~ of th~ Property thafi bs prorsted throuph d~y prior to closing
Buver shall hsve the optior ot Ukinp over eny exittiny policia of inwrar.ce on the Propetty, ii s~umabla, in wh:eh event premiums shafl be proratsd. Cash st
closY?y thall be i~cre~d or deressM ~s mey be rpu8red by taid prorMiorn. Ali prorations will be mad~ throupl? dsy prior to otCUpstxy H octupency occun
befon cloeir~y. 7sx~s inell be prorstsd trased on the current yea:': tex with due al:ovvanca made for msxrtnum s:~owsbl~ di~tount snd homest~ad or other exerr:p-
~ tiont if allow~d iof pid ye~r. If Closirig otcur~ ~t a dste;~!t~n tM cu~r~nt ypr'~ millape ~ not fi~ced, snd curre.r awnrrnnt is avsilabls, uxes w'sil bs prorsted
based upon wch sassanent and ths pr~ar Yeu't miUs~;
~•r cun~nt yMr's s~ment u not waiiable, th8n tsx, ritl b~ prorl:eo on tha prior yesr'a tax; pro:;d?d,
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