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Rz~ER
This Rider is attachec3 ~o and ma~le a part of that cer-
~ain Contract dated May 20, 1986 between M.D. Logan, Bernard
Zell, ("Seller") and Coggin-O'Steen Partner~hip ("Buyer")
relating to certaia vacant re~l estate in St. Lucie County,
Florida. All ~erms u~~d in this Rider tha~ are not defined
herein sriall have the same meaninga as defined in the CQn-^
tract. In the even~. of any conflict or inconsistency be--
tween the provisions of khis Rider and the p~cov3.sions oF the
Contract, the provisions of thia Rider shall contrc~l.
A. Section 2 of the Contract is hereby revised to re-
quixe an"additiona~l earnest money depo~it to Merritt Rea2ty
Escrow in the ~mount of $20,000 to be made by ~uyer on or
before July 21, 1986.. The amount due at closinq is correa-
pondingly reduced to $375,000. ~ _
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Be Sect~on 4 of the Con~ract is hereby revi~ed to
provide that the cl.o0ing shall take place on August 4, 1986.
. C. Section 7 of the Contrac~ is heseby revised to
- provide that, if s~ll or a portion of the property (c~r any '
; interest tt~erein) ~s held in a land trust, the conveyance
' thereof shall be by t~ustee's deed.
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; D. Sec~i.on 8 of the Contract is hereby revisec~ by
: adding the following as additianal matters that Buy~r ~ha11
~ take title subjec~ to: ~
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~ "td) general real estate taxes no~ delinquent, ~nd
(e) covena»ts, conditions, restriction~ and ease-
~ ment~ of record."
~ E. No commission shall be due or awing to any broker
~ until and unless the sale is closed. •
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~ F. Sections F and Q of the Standards far Real Estate
~ Tran~actions are her~by dele~ed.
~ G. Buyer acknowledges that it is purchasing the pro-
perty in an AS I~p condition with all faults and that Sel-
ler is not makinq any repre~entation ox warranty regarding
_ the sail or other condition of the property or the zoning or
permitted uses thereof, or any ofher representatian or
warranty whatsoever, express or implied, regardfng the
. progaerty .
H. Seller shal], have until, July 25, 19~6 to deliver
the title guarantee commi~ment. •
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