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BAYSHORE REALTY PSL
CONTRACT' FOR SALE AND PURCHASE
THI9 FORM HA9 BEEN APPROVED BY THE FORT PIERC&PORT SI: LUC1B BOARD OF REALTOR9,, ING
PARTIES: UTICIA L. WALI.ACE, EXEC. ~("3eller'h,
oC 225 SUNSET DRIVE. HURRICANE, WEST VIRGINIA 25526 (phone ~304) 757-9511
and 1~ 1~'~~ ~ -("Buyar'7, ~
~f • (Phone L
hereby agree that the Seller shell aell and Buyer ahell buy the following propetty upon the following terma end conditione, WHICH
INCLUDE the Standards for Real Estete'I~enaectione on the reverse hereof or attached heretq ("Stendard(s)").
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1. DESCRIPTION:
(a) Legal descriPtion oF real estate ("Property") located in St. Lucie County~ Floride: ~
r'~~rf ~Sf. Lc,~ei~., SeC. ~s ('~t 33~ ~ot ' -
• (b) Street address, if eny, of the Property being conveyed is r~~~~ - ~
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(c) Plersonal Property ("Pereonalsy") inclu~: ~ ~ ~
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2. PURCNASE PRICE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .U.9. ~ c~ O C~ ~
METHOD OF PAYMENT: ' / ~a '
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(n) Deposit held in 'll-uat by: _ ~
tb) Additionel Deposit Due (payable to Escrow gent shown in 2(a~
DUE UPON WRITTEN ACCEPTANCE BY SELLER ~H ; 700.00
(c) Subject to AND assumption of mortgage in good atending held by:
having an epproaimate present principal balence of: ; j
(d) Purcht+se money mortg~ge and note ftom Buyer to Seller (Cf~ECK 1 OB 2) 1.[ ] with, OR
I 2.[ ] without "due on sale" clause; interest 96, Pgyeble
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' (e) Other. _
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; Balence to close (U.S. Cash, LOCALLY DRAWN certitied or caehier'e check)~ aubject _.~a~~
~ adjustments and prorations ;
TO~I'AL ;
` 3. TIME FOR ACCEPTANCE; EFF CI'1VE DATE: if this act for Sale and Purchese ("Co~tract") ie not eaecuted by the
~ Seller end the Buyer on or before , the eforeaeid deposiUa) ehail, at the option of the 8uyer,
£ be returned to Buyer and the otTer ahall bti eemed withdrawn and all righte hereunder~ of either party, ehell cease. The date
~ of this Contract, ("Effective Date") ehall be the date when the last one of 3eller and Buyer hae eigned this Conttaet.
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~ 4. CLOSING DATE: This transaction ehall be closed and the deed and other closing papere delivered on or before the
~ Fi day o{ ~ C`~'c'~ ~f
_r ~ 19 unlese extended by .other proviaiona of the Contract.
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~ 6. FINANCING: • ,
~ (e) If the purchese price or any part thereof ie to be financed by a~hird party loan, this Contract ie conditioned upon the Bu~er
~ obtaining e firm commitment for seid {oan within daye from Ffi'ective Dete, st an interest tate not to
exceed ~ x'rY~~-?'1~" ~(CNECK 1 OR 2) 1.[ 1 fixed OR 2.[ l initial adjuetsble rete; term of ~ yeara;
~ and in the principal amount of : (ar~ . Buyer will meke application within days
` from Effective Date, and use reasonable diligence to obtain aeid loan. Should Buyer [eil to obtein eame or to waive Buyer's rights
hereunder within aaid timP, either party may cancel Contract.
(b) The existing mortgage described in Paregreph Z(c) above (C~~ECK 1 OR 2) hee 1.( ) a variable interest rate or 2.( l e rxea
> interest rote ot 96 per annum. Some fixed interest ratea are subject to incresse. If incre~aed, the rate -
shall not exceed 9F~ per annum ("Increased Intereat Rate"). 3eller ahal) furnish e statement from al) mortgagees
stating principal belances, method of payment. intereat rate end etetus of mortgeges. If a mortgage requiree epprovel d Buyer-
~ b,y the mortgogee tor assumption, then Buyer ahail promptly obtain el) required applications and sheli diligently complete end
~ return same to the mortgagee. If the Buyer ie not accepted by mortgagee or if the intetat rete exceede the Increaaed interest Rate
set Porth above, Seller or Buyer may rescind Contract by prompt written notice to the other party, unleae Buyer electa to pay sny
~ exceas over the Increased Intereat Rate. The emount of any exroa? depoeita held by mortgagee ahell be ce~edited to 3eller at cloeing
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~ 6. TITI.F EVIDENCE: At least 3A.~._ days before closing date, the Buyer, or Buyer's ettorney, ehell be furnished with
~ (Cf1ECK OR (b)): (al[~1 title insurance commitment OR tbX 1 ebatract of tltle~ in accordance ~vith 8tanderd A~ the expenee
of which ahell be peid by ~F_ I ~ F V (3eller and/or 8uyer).
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