HomeMy WebLinkAbout0950 ~?EftMl~'!?8:~uyer,at8uys~texpa~~s.w11A nsaltowedlodoliveravldanceollitlea~dexa a11onlho~eol,mayhavohei'io~~yinspoctec~
oy a 61o~ida Carliliad Pesl Coni~ol ~psralo~ lo oetormine whelhe~ the~e is eny visible acllva terrtilie InlettAtion o~ visible existin9 damape I~on~
!urm~le Inletlul~on i~ Iho improvamonls. it Quye~ ia ndormod ol oilhe~ or boll~ ol Il~e IoreUoi~fl, puyor will ha?ve lou~teen (1 Uays I~om dala ol wrilla~~
~~oliCa tha~eol o~ ton (10) days 811er seleCllo~S ot a Conlraclo~~wh(chever occurs lirsl wil~in which lo Aava ali damayes, wAalhe~ vis~~le ar not, inapecl~.~
+nd etlimafed by a I~Censed buildinp or ~snera! contraclo?. Sal18r shaU p~y va!!d cosla ot Irealmon! and repalr ol all d~fi~p ~!o Z9u ol pyrc g.•
~~~~c4. Should tuCh cosls exCe~d Ihat amounl, Buy~! sha~ have !hA option ol cancellln~ Contiacl wilhln live (6) daya ~ItOr~eipl ol co~it~~c~o~r':
• epal~ estlmato by givinp w~illen noliCe to Soller, or 8uyer may elecl to procaed wlth Ihv IransacUon in which dvdnt 6uyer ahall racoive a cred~~ a~
:losin9 of an emounl equal to Ihe lotal 01 tha ttealment and ~epair ealirnalo ~ol ln oxcaas of Iwo (29i~) parcent ol lhe pu~chase prlce. "Termiles" tha~
'~e deeroea lo includa al! wood d~s~raytnQ orQanisms iequl~ed !o be ~epor~ed under Ihe FlorWa Pasl Gontrol Ac1.
r. INGRBSS AND B~RE$8: Sellet wa~~ant~ fhal tha~o is Inp~os= and ep~ess lo Ihe Properly sullklent !or the lnle~ded use aa described i~
"ara~~aph 7 heraol. lltle io whkh ts ln accordance wlth 8tindard A.
~ LEA8HS: Se~ler ahail~ not tass than titloen (16) daya p~ior to ctostnq, lurntsh to Buya~ coplo~ of ati wr~ttsn loases and ~atoppel tetleis I~an eacr
'enanl tp~cllyinp Ihs natun and durallon ol lha Ion~nt's occupancy~ rent+rl nt.s, +~dvance~ ~ont snd ~~cu~ily depo~ils paid by luna~l. ln Ih~ ~va~,
~eller Is unabl~ to oblai~ ~uch INI~r Irom ~ich tananl~ Ih~ a~m~ (nlo~malbn shall b~ Iuml~had by Sellar to 9uy~r withln ~~ld perlod in !he lotm o
~ Sellar t1lWavll. and 8uyer msy tho~eafisr conlaci tenanft to conlirm such Inlormatton. Seller ehell~ ~t Cfasin~. deliver ~nd assiqn alt orisinat teasv:
ro Buytr.
'3. LlENS: S~IIe~ ahell, bolh ~s lo Ih~ P~opeNyand Peraonalty beln~ sotd 'heroundet, (utnish to 8uyer at Ums ol closln~ an aHidavt! altesUnq ta Ihc
.~bsoncs. unless olhe~wfss provlded lor h~reln, of any Ifn~nclnfl stdemonts, clolms ot Ilan o~ polonllai Itonora know~ to 8eltur and luNher altastin~
~hat there t~ave boen na Improvements a~epaira to tho Properly lor 90 days Im~nedi~l6ty precedinp dale of cloactny~. II ~he Propony has bea~
~mproved, o~ repal~ed wflhln sald tlme. Seller shall dellve? reloaaea o~ warvets c~i mec~~a~~:~ ~ t;ena, exacuted by all fleneral coMraclo~a, subcon
~raclors~ suppliers. and male?ialmen. ln ~iddlllon io Ssllers Ilan allidavlt seiUnp lorlh 11~e names ol all aucti gone~al co~tractors, aubcontcactors
~uppliersandmaterialmenandfunho~~ecitingthat~nfactaltblQsforworktothePropdnya~dPersonaHy;;:~ c:,~l~a;,;:~_~~~3ststoramc8~a„E~•:
~ien or_a~ claim for damapaa have been pald or will be pald at closlnp.
?1. PLACEOFCLOSlNG:CIosln~shalibeholdlncounlywhersinPtopehyislocaled,atlAeolQceolatlorneyorolherclosinpbflentdeaipnaledb.
Seller.
• MAKI NGTIME OF ESSENCE: Except as lo para~roph 3, time is noi ol the essence as to a11 otho~ terms ol thls Contract. Eilner party may mat~~
~ime ol !he essence Irt lhis Conttac! by pivinp notice In wr111np to the lasl known address o) lhe alhe~ parly or hib atlorney, sUpulating a reasonabi~
~ime lor further pe~formanco.
1. OOCUMENTS FOR CLOSINa: Seller shall fumish Closln~ alatemenl. deed~ mochanic's fien alfidavit, assiQnments W leases and a~y correcti~.
+nstrumenls Ihat may be required in conneclian wilA pe~tecting the titls. 8uyer ahall furnish morlpzge, morlQppo npte and It~ancing slatomstn~
Copies ol al! such documenls shal! ba aubmilted to tha olher parly at least lwo (2) days prior to lha ctosing dale.
K. EXPENa~o: All etamps roquirad on deed, costs ol tecording any correcttve inslrumenls and Ihe cosl ol tecordinfl the purchase money moie
gags shall be paid !iy tho 8eller. Oocumonlary ttamps to be eltixed to tha note o~ notoa aocured by the purct~ese money mortgafle, intanqible tax o-
mcirt~aqe. a~d 1he cast o~ rdcordinfl tt~s deed shal! be paid by Ihe 8uyer.
L. pROpAT10NS: 7axes. assassments, re~l. inlerest, Insurance and olher expenses ~nd ~evonus ol tbe P~operty sha11 be prorated Ihrouqh d~
ot closinq. 8uyer ahall have the option ol lakln~ ove~ any exlstlnp policles ol Insurance on tho P~oparly, il assumable. in whlch ovent premium sh;.
be prorated. Cash at closinp shalt be inCreased or decreased as may be requirad by said proralions. Ill! prorations will ba made ~hrouph d~y .
xcupancy il occupancyoccu~s belore closing. Tax~s shall ba prarated based on the current years laxes.wilhout reflard to discounl. lf closing occu~
31 a da18 whon the cur~ent yea~'~ millape is nol lixed, and current year's assessmenl is available, laxes will be prorated based upon such assessme~
~~~d Iho ptior yea~'s millage. !1 cur~enl year's assessmsnt is not available. lhen taxes will be proraied on the prio~ year's fa,c; provideO, Aowover, .
~here ara compleled Imp~ovements on the Properly by January 1s1 ot ysar ot ctosinQ, which improvemanls were not in existence on January t:
of Ihs ptior year, !he laxes shall be prorated based upon lhe prior yesr's millaye and at an oquitabla assessmant to De aproed upon between Ih
partles. lailin9 which, request will ba mada io the Counly Properly Appra(ser (or an into~mal assessment takinfl into co~sideraiion homeslea
~xempllon, il any. Nowever. any tax p~oration based on an estimate shell at tequesi ot eithar 8uy er or Sellerbe aubsequently readjusted upon r@Ce+i
ot tsx bill.
~ M. SPECIALASSESSMENT LIENS: Csrtilled,conf irmed or ratilied apecial assessmenl liens as ol date of closinp (and not as ol Eltoctive Dal~
a~e to be pa~~i by Sellor. Pending liens as ot date of closing dhall be asaumed by 8uyer, provldod, however, that tl the Improvement haa baen substa~
' tially complet~~ as ot E(lective Dale. such pending Uen shatl be considered as certiliad, conlirmed or ~atil(ed and Seflerahall, et ctosinp, be charc~~
n amounl equr~ to Ihe lasl eallmate by !he publlc body ot the assessmenl lor Ihe tmp~ovament.
f. INSP~CTIUN~ REPAIR AND MAINTENANCE: Saller represents Ihal. as of len (10)days prio? to Closinq, lhe root (includinc~ the lascia ar.
soilit) and walls do no! have any visiDle avidance ol leaks cr damago. and Ihal theaeplic lank, pool, at! major applia~cas, heating,cooiin4, criactric,
ptumbin~ sysl~ms and machinery are in workinfl condilions. 8uyer may, at Buyer's exponse, have inspec~ion made ol said ilems by an appropnat~
~~censed persen dealinp in Ihe conslruclion, repair and maiMenance Ihoreol and chall r~porl in wrilinp lo Seller such items thal do not meQt u
ubove representalions, and the cost ol cotrs4::~fl same, p~ior lo occupa~~cy or not tess than ten (10) days prio~ to closinQ.whiChevet ocCU~s (irsl. Unlu:
[3uyer reporls such deli~ienciss wiihin safd penod 8uyer shalt be deomed to h~ve waived 5ctter's represenlalions as to delicienci~ss no1 report~
; In ihe event repai~s or replacemdnts are requirrd, SeNer shall pay up to Ihree (39i?) percenl ol Ihe purchase prlce tor such repairs or replacemer~
byanapproprialely licensedperson. Nowover, il the cosl lor such repairs oi replacements exceed three (396) percent ol the purchase p~ice, Buyer.
5oller may eleCt to pay such excess.lailing which eilher party maycrncel ihis Contracl.ln Ihe evenl Seller (s unable tocotrecl lhe del~Ciencies pn.
` to closinfl,lne cosllhereol shall be paid inlo escrow at closing. Setl~r aflrees to provide utiiities service for inspactions upon reasonabfa nut~r
~elween tt~e ~Ifeclive Oate and t~e closing, S~Iler shal! maintbin IAo P~opetty and Personally including bul nol limited to the I~wn and ShrubGe~
in the Condition herein teA~esented, otdinary wearand tearexcepted. 8uyer ahall be pormilted accoss lor inspeclion of Ihe Propdrty prior to clos~~
~n order to conlirm compliancs with Ihu fore~oin4.
. 0. RISK OF LOSS: II lha Improvemenls are damaped by flro or olher casualty prior to closin~, and cosfs of iesloflnp same does not exceed Ihr~
(396) ptrcenl ot ~he assaasad valuation ol the lmprovgments ~o damaped, cosl ol resloratbn shall be an ol~iipalion ot lhe Sallar and closinp sh.
; procaad pursuant lo the terms ol Cenlract wilh cost Iherelor escrowod at closinp. ln Ihe evenl the co~t or repair or ~esloralion exceeds three (3•
pe~Cenl ol lhe assessed valuatbn ol lhe Improvemonls ao damaged, Buyor shali hava tho opilon of eEther taking tha Propeny as !s, lopather w~
' the iaid three (390) percent or any in'urance proceeds Aayable by virtue o1 such loss or damege, or ol canceling Conlract and receivin~ return ~
, deposit~a) made hereundar. . ;
: P. PiiOCEEDSOFSALE~CLOSINtiPROCEOURE:Thedasdshallberecordaduppr~clearancoollundsandevidenceoftittecontinuedalBuye.
! expenss, to show tilfe fn Buyer. wlthout eny encumbrances or chanpe whkh would render Selle~'s litle unmarkalable Irom Ih@ date ol the 1:,
j svidance.andlhaproceedsollhesal~shallbeheldinescrowbySellor'sallorneyorbysucholherescrowagentasmaybemuluallya~reeduponl
' a period ol nol longor than tive (5) days lrom end aller closin~ data. l! Saller's lilla is rendeted unmarkelAble. Buyer ahs~lt within said f ive (5) day peri:
; notily Seller in writinp ot the de(ecl anc~ Seller shall have thirty (30j days trom date o( roceipt ot such notitication to cure said detect. ln Ihe evc
~ Setler faits to timely cure said detect, all monies paid hareundor shall. upon w~itlen demand lherelor and wilhin live (5) days Iherealter, be returm
' to Buyer and, simullaneously wilh such ~epaymont, Buye~ shall vacale lhe Properly and reconvay same to lhe Seller by special warranty deed a
r~iurn Ihe Personally. in the even~ 8uyer I~~Is to maka timely demand lor refund, 8uyer shall lake litle as is.Naiving all righlsagainst Sell~r as to su
inlervening deloct Qxcept as may ba availabl~ l0 8uy~ by virtue ol warranties, i( any, contained in tha deed. tn Ihe event a porlion ot ~he purch.; ~
; price ts to be derived Irom InsUtulfonal linancinfl or refinanCing, tne requtrements ot fhe lending InslitultoA a! 10 place~ Iime ol day and procedur ~
~ for ClosinQ, and lor disbursemenl ot morlgape proceeds, shall contro! anylhing in this CoMracl to the conlraty nolwithstanding. Provided, howe~
~ ~hat Iha Sollo~ shall hava the riflht to raquire Irom such londinq InsliU~tion at closinp acommitmoM thal itwfll notwilhhold disbursement ol moilg:~ '
; proceeds as a result ol any Iftla delect atlributablu Io Buyet•morlpa~or. Thu escrow and closin{~ proceJuru requtred by this Siand~rd rnay be w~r. '
! in lhe evenl Ihe atlorney,litle aqent or closi~fl apent insuros againsl adverse,mallnia pursuanl to Soclion B2/.7841 S. (1~e13), as amen~.
; C?. ESCROW: My aurow agen/ racelvinfl lunds or equivalenl is authorised ~nd aprees by acceplance thereol to deposit promplly ~nd to h.
sama in oscrow and s~bJect to clea~ance therool to diaburss same tn acccrdance vAth t4nns and conditbns ol lha Cont~acl. failura o1 cleara~nc~
lunds shall nol excusa perlormanca by 6uyer. tn the ovsnt ol doubt ea to escrow aqenl's duliQO or Itablfities under Ihs provlslcns ol lhis Contr.
the osCrow agent !ss a~~nt'ssofo disctetion, contMue to hold the sub~oct ma?ter ol lhis escrow until the partles mutuaity aqree to 1ha asbur~
ment IAeteol. ot unlil ~ ~udqms~t 01 s cOUh ol Competent ~urlsdictlon shatl delermine the rlghts ol lho partias tharato. or escrow may deposit sa~
; with the cl~,rk ol lhe circuil cou~i ol the counly havinp Jurlsdiction ol the dispute and upon noti(ying atl parties concerned ot such aclion afl tiabi~
on Ihe pSr1 ot the esctowa~ent shatl fuHyterminate,except 101he sxtent oi accounllnp loiany items lheretotore delivaredoutol escrow.ll a l'~cena
~aal estate broker.lheesc~ow apenl wlllcomplywilh provislons of Chapter 4T5, F. S.(1803),as amended. In the event ol any suil belween Buyer ~
Seller wherein the escrow apent is made a parly byvirtue oi aclln~ ~s an escrow a~ent heraunder, or tn Ihe event ot any su(1 wherein escrow ag.
~ inlerpleads Ihe subjCCt maller o11hls escrow, lhe aqenl shail bo enlilfed lo recovcrreasanable altumey's tee artdcosls incurred, said leesand co
to be char~~d anJ assessgd as courl cosls in (avor ol Iho prevailin~ p~rly. All parlius a~r~a Ihat the oscrow agonl shatl nol b~ liahle lu any pari :
persoa whomsoever lor misdelivery to 8uyer Or Seller ol itoms subj~cl to this escrow~ unless such misdalivery shal! ~e due to willlul breach ol ~
Conlr~;cl or flross nefllifla~ce on lhe pan ol the aqe~t.
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