EFTA01079645

"AS IS" Residential Contract For Sale And Purchase THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR PARTIES: ("Seller"), and ("Buyer"), 3 agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal Property 4 (collectively "Property") pursuant to the terms and conditions of this AS IS Residential Contract For Sale And s Purchase and any riders and addenda ("Contract"): e 1. PROPERTY DESCRIPTION: ✓ (a) Street address, city, zip: w (b) Property is located in:Palm Beach Open , Florida.Real Property Tax ID No. a' (c) Real Property: The legal description 10 11 12 together with all existing Improvements and fixtures, including built-in appliances, built-In furnishings and 13 attached wall-to-wall carpeting and flooring ("Real Property" unless specifically excluded in Paragraph 1(e) or 14 by other terms of this Contract. 15 (d) Personal Property: Unless excluded in Paragraph 1(e) or by other terms of this Contract, the following items 16 which are owned by Seller and existing on the Property as of the date of the initial offer are included in the 17 purchase: range(s)/oven(s), refrigerator(s), dishwasher(s), disposal, ceiling fan(s), intercom, light fixture(s), drapery rods and draperies, blinds, window treatments, smoke detector(s), garage door opener(s), security 19 gate and other access devices, and storm shutters/panels ("Personal Property"). 20' Other Personal Property items included in this purchase are: washer, dryer, See Addendum 21 Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer. as (e) The following items are excluded from the purchase: See Addendum 24 25 PURCHASE PRICE AND CLOSING 26' 2. PURCHASE PRICE (U.S. currency)' $ 5,700,000.00* 27' (a) Initial deposit to be held in escrow in the amount of (checks subject to COLLECTION) $ 500,000.00 se The initial deposit made payable and delivered to "Escrow Agent' named below 29' (CHECK ONE): (i)O accompanies offer or (ii) (El is to be made within 3 (if left 30 blank, then 3) days after Effective Date. IF NEITHER BOX IS CHECKED, THEN 31 OPTION (ii) SHALL BE DEEMED SELECTED. 32' Escrow Agent Information: Name: Lawrence A Moens Associates, Ins. 33' Address: 245 Sunrise Avenue 34' Phone: 35' (b) Additional deposit to be delivered to Escrow Agent within (If left blank, then 10) 36' days after Effective Date 37 (All deposits paid or agreed to be paid, are collectively referred to as the "Deposit) 38' (c) Financing: Express as a dollar amount or percentage ("Loan Amount) see Paragraph 8. . . 39' (d) Other: 40 (e) Balance to close (not including Buyers closing costs, prepalds and prorations) by wire 41' transfer or other COLLECTED funds $ 5,200,000.00 42 NOTE: For the definition of "COLLECTION" or "COLLECTED" see STANDARDS. c 3. TIME FOR ACCEPTANCE OF OFFER AND COUNTER-OFFERS; EFFECTIVE DATE: 44- (a) If not signed by Buyer and Seller, and an executed copy delivered to all parties on or before 4s- Sims; 03/31/2016 . this offer shall be deemed withdrawn and the Deposit, if any, shall be returned 46 to Buyer. Unless otherwise stated, time for acceptance of any counter-offers shall be within 2 days after the 47 day the counter-offer is delivered. 48 (b) The effective date of this Contract shall be the date when the last one of the Buyer and Seller has signed or 49 Initialed and delivered this offer or final counter-offer ("Effective Date"). so 4. CLOSING DATE: Unless modified by other provisions of this Contract, the closing of this transaction shall occur si and the closing documents required to be furnished by each party pursuant to this Contract shall be delivered sr ("Closing") on Hay 16. 2016 ("Closing Date"), at the time established by the Closing Agent. lams figure represents $5,600,000 for the Property and $100,000 for the P sonal Property Buyer's Initials Page 1 of 12 Sellers Initials FlorldaRealtors/FlorldaBaraSIS4 Rev. W1502015 Florida Realtors® and Tho Florida Bar. Al rights reserved. Lameaot A. Moats *ocelot., be..24.1Sunrisa Anew Pio Stack Ft 13460 Mira: 0411653-3510 Rw (361)6534744 124 As Mama tale Moon PROMS %el xi:Fool-OW *ooh 18070 Filloon AGO Road, ream. Fach‘ain 48026 EFTA01079645 m 5. EXTENSION OF CLO SING %, (a) If Paragraph GM) Is DM: v. checked and Closing funds to Consumer Financial Protectio from Moor's lenclor(t) to n Bureau Closing Oiselotor are not avallablo on Closing than Closing Date shah bo e cleavage Dale due sr period shall not exceed 10 exte nded for such period nocossary to satis teguiromenta (TITO Regulremontsl, days . fy GERD Regukaments, prov >7 0.4 If oxtrome weather or dime cond ided such sr disnipliOn of utilities or ition or event constituting othe r serv Tomo Majoure (see N insurance, lo become unnw ices essential for Closing or (i) STA NDARD G) causes: (I) illab Huard, Wind, Flood or or alter 'etiolation n1 °Milos and in prior to Muskat. Closing shall be extended a Homocromers' oz Flood or tiornoowners' tabo r sorts essential to Closing reas onab le time rip to 3 days Insu ranc maturation of such utilities and avai labili ty at appl icab oc GOTViCOs and availability le Hazard, Wind, 0' e. U not °conned within _ ___ N this Contract by delivering (if loll blank, then 14) days of insurance has writt en atter Closing Date, then wilco lo the other pasty, eithe en releasing Boyar and Sober boor all Mell or and Buyer shall he rolundod r party may terminate CA G. OCCUPANCY obligationu under Pk Contract the Voposii, thereby AND POSSES . a; (a) Unfass the box in Para SION'. a grap h 8(h) ts chectherf, Setter shall, al the Properly Is. Buyer Imo Closing, deliver a removed all petsonol doer of tenants., occuponin wad future tonanclus. Also, occupancy and possession 04 fa access devices and codes, s and trash frofn filo Iftopfuly and thal at Closing, Salter shall no oppitoble, to Buyer. l deliver all have If assomos oil risks of loss II occupancy Is to be delivkeys, guano door openers, 72 maintenance hem that dale to the Moo nily from dole ered bole ro Closing, Buye IJ , and shall ho deemed to haveof occupancy. shah he roam:n=00ln and liabto r limn of aking occupancy. accepted the Monody in Ile for le (b) )3 CHECK IF PROPER okin ting condition vs of is TY IS SUB JECT TO LS)ASE(S) OR subject to a leteio(s) attar Clos m facts end leant thereof shaf ing or is Intended to be rant OCCUPANCY AFTER CLOSING. If Property Is t be disc ed or occupied by thinn past losed In writing by Seller to ies 77 be delivered to Buyer, el Willf lri 5 Boyar end copies of the beyond Closing, the ra that the leastr(s) or terns days after Effective Dato. If wagon lease(s) shall of occu Buyer determines In Boya ro delivery of YifiltOti notice of such pancy ma not accoptablo to Boyer, Boyar may r's solo discretion, co and Duyer shall be refun act ion to Seller within '3 days term inate this Contract by Ai ded the Dop ier] after moo lpi of the abov this Contract. Esloppal Late thereby re:casing Ewer and e hems from Seller, or r(v) and Stutt ers affidavit shal Softe r from oil furth er obligations wak to Intended to Ire occupied by &V 7. ASSIGN Sailor allot Closing, sue Ride l bo provided purnuont to STANDARD D. It Prop e ABILITY: (CHECK ONE) Buyo r U. POST-CLOSINCI OCC erty or this Contract; 8?) may assign but not flt may resign and thereby be infu sed UPA from NCY BY SELLER. is Contract. ho reler nsod from liability odor this any furth er liability under Contract; of Of may not assi es. gn Ns fit 0.. FINANCING: FM/B OOIN G ar fSJ (a) Royer Mil pay cash a Buyer's obligation to close. for the purchase of the Property at Closing. lhoie to aciinctededgns that any termsIf Buyer obtains u loan for any pmt of the Pedrosais no financing contingency to end condition ImposAc) by buye or r's londor(e) or by CFPB of lin Properly, Buyer affect or extend the Buye 121100 r's oblig or Cl (b) This Contract Is contingeation to close or olhonto affect any torts or cond Flogukomento shall not or nt upon Buyer obtaining a ition of fhb Contract. 0 VA or 0 other written loan commitment sfor oe days alter Eflectivo—Dita (difSaI110) loon on flin following a fj conventional 0 er aqustable role loan In rho—(1 —.o—ar—C anmilment terms within . (II loft blunk. thenFHA N• (II loll blunt', Ihnn rave i oan Anloont (sou raraDate r) lot (CHECK ONE ornph 2(0), of sir ): Cl II1CID adjustab le, flexed or 45) lling tailo r Intor ez Mona)) yaws eflnanelnul. rate based upon Buyer's crocatveortigness), and esI role not to exceed % for a loan of Tfieft blank, N• Buyer shall make mortgage ei Ettoralvo Dale ftild urn good loan application for tho Financing vein*. tar end flIkennf effort la obta %co Commitment') and thereafter in a written loan co.ani (aloft blank, pion 6) days after col status of mortgage loan appl to dose ibis 04111.fati. Buyer Wirt keep Sailor and tment for the Financing ('Loan Mt lender to disclose stall MMus ication oral Loan Commitment and arthocizets Buy Butt fully informed about the Ire and moan's, to Sutler and Brok er's mortgage broker and er. Buyers row Upon Buyers recalpt of Loan es receive Loan Commitmont by Com mhmont, Buyer shall prov la the earner of: Loon Comtnilmant Date, then ido written node° of stone to Solicit, II guru does thereafter ether putty may col cancel this Contract up to FloskletneotriartifilleASM-1 thinfif ' 1 14 M EFTA01079646 107 (L) Buyer,: delivery øl walion noUco 103 to waive the financing contingency to Seller that Buyer has either revolved Loan Corn/aliment 105 (k) 7 star prior to lho Closing Datoof Ilile Contract; or or olocred no 8(b) it), shall not ho mantled by specified In Paragraph 4, which date, for purponos of tidt Perag ill If either partytimely concols this 'Contr PaiegraPh 5(o). raph of this Contract, Buyer act pursued lo this Prompaph 0 112 shall bo refunded tin Depo and Buyer An not In (retook under 113 obligations under INS Centred. Il sit thereby relenting 0tryer and the terms neithe Seller from oil lusher 114 glen ligt, Monolog contingency shah bo r party has timely canceled this Conlrar.1 pursuant to the doomed waived by foyer. Paragraph 0, m If IJuynr delivers wrillen notice of receip t of loan Coma Mural to Seller and This w close, the Driposit shall bo paid In Seigor unlost !Slum to close is due to: (1) Seller's defau dons not therealtar C01111/1C1 in conditions of the Loan Cowantimid have not boon mol (except whon such lt; (2) Properly related 114 provisions of Ilk Contract): (3) appraisal conditiok no waived by Other no al the Loan &imm of the Property obtained by Buyer anent; or (4) % lende r Is lasultidenl No the Duposil Midi bo Maned to the loan Is 1101 funded duo lo financial failure of Buyer's lander, In to meol terms 'el Buyer, thereby releasing Buyar and which ovenl(s) Contract. Soler from all further obligations la. ❑ (c) Assumption of existing mwtgago (see under this 123. (d) Purchase money not» and Odor for terms). ❑ markings lo Softer (ono Mims: addenda; or special clown for terms). CLOSING COSTS, FEES AND CHANGES Ess 0. CLOSING COSTS;IDLE INSURANCE; SURVEY; HOME IN (ti) COSTS TO BE PAID Olt SELLER: WARRANTY; SPECIAL ASSESSME 127 NTS: • Documentary stamp toxos and surtax on Mid, 9 any in • Owner's Poky and Chargen (if Paragraph 0(o) (i) In diediml) • NONC ondom lnium Association ito • "fills sonic, charges (II Parugraph 9(o) • Recording and other foes needeestoppel feos d lo onto Ogg no • Municipal lion search (if Paragraph 0(u)(110 Is checkoff) • Seller's ahomeyn' feet; 131 II, pdor to Closing. Seller Is unable (I) or (SO JO COOokOO) lo mkt the AS IS Maintenance • Ohm on a sum equal to 125% ot estimated costs -Wareinent as required by Pnrng F raph 11 no Closing. If Muni costa to tittel the AS to roam the AS IS Maintenance Requiremont shall bo .escro 134 poy such actual costs. Any unused pwlIo IS Maint enance Requirement oxceod wed al n of escrowed amoungs) shall uscroWOU Mount. Seller shall Us (b) COSTS TO an PAID BY I3UYER: bo returned to Seller. iss • TOMS rind recording Mos on notos and 137 • n0C0fding fees for deed and ffnunein moriongos • Loan expanses ne • Ownofs Poky ord CImass (if Paragg Meanings • Appraisal foe, no • Survey (and olovation 03fillkatloo. raph 9(4(10 la chcca mq • Buyer's InspectIonc 140 II requited) • Eggers attorneys' foes • Larder's MSS policy arid onsforoemonin MI •110ArCondoininfurn Assodagon applic • All property relnlod Insurance 142 • Munklpal Ilan smirch Of Pruog ation/Dekko Ms • Owner's Poliny Promlum (If Parag Hp ruph 9(c) (II) Is check ed) raph • Other: 9 (o) (Iii) la chocked.) HO (C) TITLE EVIDENCE AND iai INSU RANCE: At lanai (if brit blank, then 15, or it then 5) days prior lo Closing Duk (illio Evidence Deacon'), Parag 1411 Florida neonatal ello Intanon with legibl a tab Insuranco commraph 001Is chocked, itment mad us Commitment") and, Slur Closing, an owne e copie s of Instru ments listed as exceptions attached theret by a la obtained end delivered to (Pryor. Il r's policy el 1140 ilOW0/ 1C11 Me STANDARD o (lute A for in ri copy stroll be toothed to Buyertailor hoc no ownoia policy of Me Sisuranco coveting theloran Host ) shag be and Prope Jai policy premium, title search and Mal® Closing Agent wilma 5 days idler Effoclive Dole the owner rty lll sol forth below. The den InKluneira torvloss (colloritivet. 'Owner's Poky 's lido premium charger. Mr Me owner's and Chargos, shall hir paid, on calm/Wed cod allocated ii accordance policy tal buy endete poky as will; Florida law. wiS be (43 mandated closing diSclO sures end other cloning docliniOall. but may be reclaim' difformilly on Main federally im (CHECK ONE): ISO 181 (I) Seller shu/I design/Ito Closin g Agent and pay lor OVHIU1'9 Policy 153 premium for Buyer's .Inialor's end Chargen, and Writ shall pay policy the In endorsement; and loan Clco:ing, ,,ski and charges for °being sondeas related lo te leridor's to EiovIdor(s) as Buyer may 907001; a l Golf/u nto shall ha mid by Royer le Closin poky, g Agent or such other 147 ti (I0 Buyer wig desitinale Closing Agen no services related to Buyer's londO t and pay (et Owner's Policy and is Clittrg os and charges for closing rep 0 (ill) (MIAAltiDADEEIROWARD policy , endorsamentS. and loan dosin REGIONAL PROVISION: SS g; or um policy of title Insurance a other evide will furnish ir copy of end« nce øl lide and pay Mt for: (A) a °woe cordinuotion or update od such Edos h r . Buysrls Page :1 of 12 Hoikionootioario,wirrim-Asis-e Bf IS f 2015 Rodin flOar4,4t0,421 Sellers (Mat 1," On, Florida &v. Al NM. OteccogroOowonVinflon 1072O, itatWoct ‘-t000lokt foo4111.1"4oloos toost 44~ 124 roc »mom EFTA01079647 no evidence, with Is axoplablu V Buyorb 01/0 insU1011C uraferwriter fa/ telt:SIM of coves:ma; (11) 144 and (C) municipal lion thmb. Buyer shall obtain arid0 lax search; 165 Buyer's owner's policy, and if applicalakr, Buyer's pay for post.Ckving continuation end premium 'undoes policy. for 144' than $ Sailor shall not bo obligated to pay more (i/ /Oft blank, Ilan $200.00) for abstract continua 1111 pole:mad by ClosingAgent. tion or title search ordered or m (d) SURVEY: On or before 71119 Evidunce Coastline , Buyer in survoyod and certified by a AVISII141111 Florida surveyor may, at Boyar's mamma, have the Raul property ITO Property, a copy shall be furnished to Buyer and ClosIno ("Survey). If Seger hos n survey coveting the Real ni• (8) HOME WARRANTY:At Closing, U Boyar n Sailor Agent within 5 days altar Effective Oath. or (1I NIA Moll pay for a home warranty plan Issued at a cost not to excited $ by //3 warranty plan provides for ropair or replacement . A home I74 el many of a home's mechanical syslorns and major appliances in the event of hmakdown due Saporma MINNA in (Q SPECIAL ASSESSMENTS: Al Cimino, Salto, l wear and tear during coo agruomontia warcuity period. oe will pay: (0 the kW amount of Mau imposed by ('pubic hodr dons not Include a Condominium or a public body in ratillad hoforo Ms:no; and (II) thu airmail of the Homeownort Association) that are cortifiod, conlirmod and in polio body's most recent estimate or assess improvomunt which is substaidinlly complete as of rent no imposed on the Pronto!), below Closing. Sayer Effective Onto. hut that has not resided in a lion for an shad pay all odor assessments. II special assouni befog 103 bo pald In instalkothas (CHECK ONE): ents may MI' 0 (a) Sailor shall pay Installments duo prior to Closing 101 Instagmanic propaki or due for tho year of Closing steal ho and Buyer shall pay Installments duo alter Closing. the 0 (b) Seller shall pay the assess:non/Min lull prior proratud. IF NEITHER SOX IS CHECKED, THEN ORION (a) to or nt the Roo of Closing. Ib5 SHALL BE DEEMED SELECTED. This Paragraph 90 shall not apply m a special benefit tax gun MS (COD) pursuant to Chapter 190, F.S., which lien shall ho pronged imposed by a community davnlopment district pursuant to STANDARD K. Is? ENCLOSURES as 10. DISCLOSURES: we (a) RADON GAS: Radon V a naturally ethruning too radioacliyo pan that, when it Is umumulaled In sofildeni AUtinthie.s, may present health risks lo parsons a bidding in 131 exceed federal and slate guider:nos have been found Inwho con exposed to it over time. levels of radon Thal iv: radon aid radon tinting may bo obtained from your county biriklithr in Florida. Additional Information regarding do (b) PERMITS DISCLOSURE: Pzoopf as may haw hordth dopattniont. IN been disclose d by Seller to Bayer in a mitten disclosure, Sailor dthv not know of any Improvements made to the vs or made pursuant to permits wNch havo not boon properly Properly which vrtno made without roqulrod permits *to (o) MOLD: Mold Is nalundly occurring and nay dosed. course tor or desires riddlilonal iniormnUon regarding mold, Buyerhealth risks or domogn lo proinuty. It Emor Is concerned is. (d) FLOOD ZONE; ELEVATION CERTIFICATION should contact on apprupriato protasslonnt. we : Buyer is advised to verify by elovallon certificate tone the Nervily Is In, wholhor flood kisurance is required which flood R43 improving Oa Monody and raboltdIna In tha avant of by Boyers fender, and what rostrklions apply casually . If to sal or 'Coastal Border Booth:rum At dostortated crop Property Is in a 'Spacial Flood Hazard Area' Kit and Wildlife Seivico under tho Coastal Barrier Hosuurc or whew/Is e (1/011313/0 41 area Idontille d by tha U.S. Fish en os Act wind (Ito lowest door alovatIon fur (ho and /or goad insurance sating purposes Is below bulling(c) 301 coverage through the National Flood Insurance Protham minimum flood elevation or is MOON ° for fiend insurance g40 121t. laryar may Inriti/nato Ws Contract by or private Mod intro/aw n as defined in 42 U.S.C. an then 20) days altar Elleam Dale, and Ouyor traftvering withal, wilco to Seller within ___.(If loft blank, SOY troth be refunded the Deposit thureby reload:10 Hum and Safer (runt sill (unbar ohllgagam under Ibis Contract, failing co: bandies and ilood zone Lamination of frroporly. which Buyer accents existing AlmmlInn of ail 'Hat Radom! Flood Insurance Program may assess additional (cos or aulust premiere for pro-Hood re (rosldontiai structures In which Ihn Maimed or sparseInsurance Rate Map (pre-FIRM) non.primruy siructuros Hi elevation cortilicalu maybe required for mt aerial rating. doers nol roskle for at Wait SO'e of lho year) and an it, (o) ENERGY BROCHURE: Omer ackartatodgeo 213 receipt of Florida Energr alidlinny Bating Information Brochure requIrod by Sedlon 553-996, F.S. 211 (Q LEADGASED PAINT: If Property includos pro-1976 vs mandatory. residential housing, a heed-besot point disclosure is 3I4 (g) HOMEOWNERS' ASSOCIATION/COMMUNITY D)SCLO 217 SURE: BUYER SHOULD NOT EXECUT CONTRACT UNTIL BUYER HAS RECEIV E THIS .214 ASSOCIATION/COMMUNITY DISCLOSURE, IF APPLIC ED AND READ THE HOMEOWNERS' ABLE Buyers rbaciantattioffloteril3spASIta I loy. 0/1502015Flotits licallaiStS Vase 4 of 12 und The nwat ear. At IWO totovcd. illetNalt Inllials 0 ....ril4WeitOrsleitstil,r€1,VOMMIAWOW.4rate.u otr.100:4 Itar1SOIM/sva 124 ran Auto. EFTA01079648 HI (n) PROPERTY TAX DISCLOSURE SUMPMRY: BUYER MOULD NOT RELY ON THQ SELLER'S CURRENT Sta PROPERTY TAXES AS THE AMOUNT OF PROPERLY TAXES THAT THE IWYEA MAY BE al TO PAY IN TIN YEAR SUBSEQUENT TO PURCHASE, A CHANCE OF OYMPRSPOP OR COLIPAINT of IMPROVEMENTS TRICKIERS REASSESSMENTS OF THE PROPERTY THAT COULO RESULT PROPERTY o) HAMER PROPERTY TAPES. IF YOU HAVE ANY QUESTIONS COMERNINct IN at THE COUNTY PROPERTY WPRMSEF03 OFFICE FOR INFORMATION. VALUATION. CONTACT In Iij pERTA TAX WITNNOLDINOt SPIN' chill Adorn) Bum M tolibp II Sorer lo n 'Icot(er) or yo port*, inntwooni to Real Runny Tao MI rFIRPTA'), Doe« odd Solar NWT pent& in (TOM b/ II» ounpl/ ooh FIRETA, 521 width row rotas Miler to Nodes ~Pool met el Obtlnp. IT EtolAr I. nol CI lorcion p01.244, &art am we woo* Buyer, cl or peke la Olodw, a collToodon al nontfon(gn Halm, NM, inn aINT ol psi try, to mom Po Boyartad °AWN Agent OW no oldnoldw It towbar. Mo STANDARD V Mr SMUT Ailoweik it poldnEd no M FIRPTA. Sum and Salt we satIred to soda lead °mug and rer atom robsdno PAS tolptC•40 IV 'Ole, ablOrEonH :tenth° and ttEMIUMGrookanants prnianInFIRPTA. 02 01 SELLER DISCLOSURE: Sayer Mona o/ 1» Mole wandetY Motor] Pe value el IM Real PropoW WW1 no on EN ustdly absent/A. and WIWI Mee tol No dBokood Co 11//04. Moral as swab Tav VI porteid **Mow*. NIS, 'nand* end Hands no widow/ and wilde no reptant-Mtn of any Nut,intIlhor the in frItr11/1 to belied, U la IM NAM& andIllon or ?Mtn el Ilia ()roods ELoopp nu olltorMio &doted ta %MIN LEW Me worded no oaten a mbar nub* from ow 00(wnwomoi It III owroFty toconadad LuNtre, °Wren/wild or edgy code vldnibn. wmin or FINPAN •• la • aa PROPERTY POWTPINAHNI,CONOITIOTE ITISPEOTWITS AND EXAMMATioNS no It. PROPERTY HMI/TEEM:36T Extol Mr «Mill, van and low and Gastrin Lon, eo PrepoilyIntafos, bul 110I Waled N, Wm. dialgen, and wol. In En contton orielled •I•22. ChM mdddn te• To IS MOrtiumw• PeoMmonl. ee a ElfeeLte Nola FM 242 It PROPERTY INSPECTION; RIOHT TO CANOEL: t O SL\.- to (e) SAOPIATIlitall5O71OO ANO meoffr TO OMSK: otryor goad - - (II Mf1 Urn% tiron II) so My* 0,4• 1 4frool40 Dole elorpo0larn Padort) HAIM which to Imo Each rpoolloos of rho Prosody premed at Buyer Odd Mobs "kw tko bosprollon Period II Boys Slundros, In lloyarl• sale to Werra/oil Mar /1112 Peon* la nol scooplattAt p Dons Odyor stor forodnek Ado Oserael IIr dibWfleo Wr41/0 MOO 01 81101, 4160a1A lo S11141 Mal ea orstrOlon Or inapaCti0n Panted by SIMI( foratairket into cor»aori lbo Door« purr e II Swop Ws, shoo os ran t s Cl' eb &nut catteirom to suss thempuh Bow spa muter Oda C0nfrool; howslap Dose Maal Or no légSal2F0 Foe prompt payment fof wet Mastodons, 101roper 01 [tonne lo, and rakatial of, Al poppay tosakg 0003 suet laapoolionr, ma' shell broad. 94Sre Welt told /MM. For Shoot &PP ar on sto props Slio pfficsiftpa p/aWlion aka eunAa torntraotton of Odd Coots:AS balsa Son araYerart I I to IrstAnolo guided Went Boyar &mold, ils PhYriFsl rt. aoulSedd sad any n'eAr /I of gorestartlnblb Naar?, ontliontatudob and orfoly °Orb of all Pis adt' ray‘frontaaro, Dui avbfbat p Salorto conduit's, As IS Matnittlista IforsOnldt rovIdoltono, or responattrto foranyandaUrottotra endInstrotsnAstorosallId bySolVolonditA o BaYFF Oda 00 ur (ta WALIOTHROUSH INSPEOTIOWALUISPECTIONT On We toy Ow 10 Mang beta a an i22 pda lo Erne al Clow, b woolkd by Bum Woe or Bowl taPlenclolha may paean e Oka» AM watahraph Iv (tad HEY011.) 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II/04/00.410014400m04.V040111 2/42.4.11~ nownium EFTA01079649 rn (d) ASSIGNMENT OF REPAIR AND TREATMENT rn CONTRACTS AND WARRANTIES: cost, Sailor wit, al Closing, assign all assignable repair, ireelmont and maintenance At Buyers option and zs toBuyer. contracts and warranties ESCROW AGENT AND BROKER Ns 13. ESCROW AGENT: Any Closure Agent or Esaow Agent no and other Items is authorized, and agrees by acceplen (collectively 'Agents) mealy/no the Deposit, other funds su • ar within the State of Florida and, subjoel to COLLECTION, of them, to deposit than ptomplty, hold came in escrow rte ol this Contract. folluro of funds to become COLLEC disburso thorn In uccordenen with loran aro/ TED conditions no demands for the Deposit aro rocolved, or Agent has a shall not excuse Reyes performaoco. When confIctIng oee, good fain doubt As to anal:ome n( to the Deposit, Agent may lake such actions permitted by this Paragraph 13, as zoo or Ilatifidea under this Contract, Agent may, nt Agont'n Agent deems arivfoehlo. If in doubt no to Agonra duties 26: until the pantos agree to its clIshufseMent of untli a option. continuo to hold the subject matter of the escrow final 20 di:tontine the rights of rho patios, or Agent may deposit seinejudgment of a court of ceinpOlunt ludsdlcdon shall of the dispirit,. An attorney who represents a petty and wIth the cloak of (ho circuit mod lowing jurisdictio :04 also ants in Agent may represent such party In such n 20 notion. Upon ontilykm all ponies concerned el such action, nn except to the cotton( of accounting for nny items all Mobility on rho part of Agent Shaft hay powbusly delivered out of escrow. If a licensed real terminate, to broker, Agent will comply with provisions of Chapter 475, ES., estate ye escrow disputes through mediation, arbitration, Interpleader as amondod and FREC Moo to timely resolve or Any proceeding behveon Buyer and Seiler whorelo Agent on escrow disbursoment order. era no or in any proraedIng whero Agent intorpleads the subjactIs roam a linty because of acting as Agent hereunder, manor tel attorney's fees and costs Incurred, to ho paid pursuant to mug of the escrow, Agent shrill recover reasonable 2.2 Agent shall not be liable to any party or parson for order out of the escrowed funds or counting. it misafoilverer of any oscroworl Items, unless such mle-dollv dim to Agent's willful broach of this Contract or Agent's ery Is eel or terfollietiOn of tulle Contract. gross negligen ce. TN* Paragraph 13 shalt survive Closing as 14. PROFESSIONAL ADVICE; BROKER LIABILIT Y: broker advises Buyer and Soder to verify no square footage, and all other hods and represen Properly condition, tations sor professionals for legal, tax, environmental, and other tondo pursuant to this Contract and to consult appropriate He spociolir ed advice concerning matters affecting the Property and the transaction contemplated by this Contror.L Broker no roptcconfr. to Buyer that Broker does not tinkle on the Property and that Si representations (oral, walkup or otherwis 300 pliblie most BUYER AGREES TO RELY SOLELY ON e) by Bioko( ero based on Stiller ropreventadons or stir GOVERNMENTAL AGENCIES FOR VERIFICATION OF SELLER, PROFESSIONAL INSPECTORS AND TOO FACTS THAT MATERIALLY AFFECT PROPERTY VALUE PROPERTY CONDITION, SQUARE FOOTAGE AND 303 WRITTEN OR OTHERWISE) OF BROKER. Buyer and AND NOT ON THE REPRESENTATIONS (ORAL er Indyklually Indemnifies, holds harmless, end inteases Goiter (IncliMdually. the Indemnifying Petty') each emp‘oyetw from att liability for loss or damage. Including Broker and Broke?,, officers. directors, agents and 303 all cosh; and expenses, and reasonable attorneys fees a all Wets, soofferod ur incurred by Broker and Broker's ate with or arising from dolours demands or causes of action officers, °bottom, agents and ornployeas In connection ire Information provided by the Indomnifying Party or Worn inatilukid by Buyer or Seger based on: (I) Inaccuracy of an failure to perform contractual obligations; gli) Brokers public records; (5) Indemnifying Partys rolssfetemengs) or 310 beyond the scopo of 501VICOS regulated by Chapter performance, el IndomnifyIng Partys request, of any 475, ES., as amonded, Including Broker's referral, task an recommendation or :Month:to of any vendor for, a on man' provided by any Such vendor tor. or on behalf of, indemnif behalf of Indemni fying Party; (Iv) products or services 313 vendor. Buyer and Seller each assumes full responsibility for ying Petty; and (v) expanses hnAlirod by oily web 314 and paying their other costs under die Contract whether or selecting and COMpun seting Weir respective vendors not sit relieve Broker of statutory oblloallons under Chapter 475, F.S, this transaction closes. This Paragraph 14 wit not ria nmanded. For purposes of this Si. Broker vAll be troatod es a party to this Contract. This Paragrap 14, JIZ Contract. Paragraph 14 shall survive Closing or termination ofh this Ile DEFAULT AND DISPUTE RESOLUTION he 15. DEFAULT: 320 (a) BUYER DEFAULT: II Buyer farts, nOrPattS or refuses Itl to perform Buyer's o(igolions under this Contract, Including payment of the Deposit, within the lime(s) Spec:lied 32v Deposit for the account of Seiler as agreed upon Itiluklate , Seller may elect to recover and rattan the 3t3 Contract, and In full mask/man( of any claims, wboroupon d damages. consideration for execution of gig r.4 obligations under this Contract, Cup% mod Seiler shall ha relieved from al f1111118/ to-entome-Geliono-righle under-thor-Sollorret-Sellerieoptienzineyr-putsuani-le-lhuogroplt-16rproeo is-Gentreell Vito portion of he Deposit. If any, mid to ed-in-eitinlY Listing Brokor upon Buyer's Madan Pogo e of 12 Fbektarloollocnikeidaeoen-SIS.4 nov.W15020iseloridenotilIoaneenb Seller's Initials oltIorkIne ar. M t10111s ielereti). PfaMoni,agnabitiNed ra0 e• " 4.4 ,4 " 44 tekon'Aellee 124 P.enromo, EFTA01079650 am dolma( by Guyer. snail he sprit equal sir ly between Listing Choler and Coop Cooperating Brokers share shag not erating Broker; providod be gloater than the commission howev 323 pay lo Cooperating Broker. amount Listing Brokor had agreed er. sae (b) SELLER DEFAULT: II for any to No reason other than failure of Seller reasonable diligent offal, Setter Xis, to rnako Sollars Lille marketable 331 Buyer may elect to receive return neglects or refuses to perform Salter atter sea from Sollars breach, and, Nixon( of Swots Deposit without lboroby waivin 's obligations under this Contact, to Paragraph 16, may smolt to recov g any action for damages rosvaing an performance. er such damages or soak specif 331 This Paragraph IS shall survive Closin ic ass 16. DISPUTE RESOLUTION: Unres g or lamination of this Context. olved ass Sneer arising out of, or rekrting lo, connoverslos, claims and other mallets In question between this Contract or 45 breech, ma settled as Follows: enforcement or Inierprotallon (Disp Buyer and me ute) Mil be (a) Buyer and Seller will have 10 days after 30 resoivo such Moot°, falling which, Saylortau dale conflicting demands for Ilia Deposit aro made to attempt to so 10(b). and Sailor shall submit such tricor n, to mediation under Parograph 341 (b) Buyer and Seller shall attempt to peek 347 Rules for Codified 0011 Court.Appuintod tHspo tes In of amicable manner throug Mediators end Chaplet 44, F.S., as h mediation pursuant to Florida au The mediator must be certified or must amended (tho "Medialkm Rules'). 344 sought without gird complytha With this have oxped once In the road state Industry. Injunc Parag raph 16(b). Disputes not settled pursuant to this tivo relief rnay be 242 may be resolved by instituting action Paragraph to 30 18 shall immix Closing or termination ofin the appropriate cowl having jurisdiction of the matter. This Paragraph so 17. ATTORNEY'S FEES; COST this Connect. 3as S: rho parties will spUi °quay any mosta by this Contract, and each pony will lion fee incurred in any mediation • conducting the irradiation. In any Illigarpay their own corns, ox aces and fees, permitted ion Including allornoy's fees, incurred In recover front the noreprovalang party permi tted by Ms Coeliac,. Oro prevailing party shall costs end lees, including reasonable bo enlitiod to the litigation. Thic. Paragraph 17 shalt surviv e, Closing or lerminaflon of OM Contrattorn 221 ey's Ices, Incurred In conducting act. 12: STANDARDS FOR REAL ESTATE TRAN SACTIONS ("STANDARDS") aro 10. STANDARDS: 331 A. TITLE: "k-..; 0) TITLE EVIDENCE; RESTRICTIONS; out Paragraph Ke), the Ildo Conunament, EASEMENTS; LIMITATIONS: droll be issued and delivered to Buyer with legible coplas of IOSI/UITIOIHS WOW tho time potted provided In YR listed an exeoplions anaohod 3W Seller At or before Closing and skull . The Title Comrnamont shall cot forth those manors to be discha thereto, provid e lhal, upon recording of tho deed to rged by 352 insurance In the amount of tho Purchase so Real Property, subject only la lin follow Price, shell bo issued to Buyer Inswi Buyer, an owner's policy of 6110 /9g matters: (a) comprehensive land ng Buyer 's markelabre title fo rho ism use restrictions, prohibitions and requkernon use plans, zoning, end other land sic appearing on the Plat or °Mo ls Imposed by governmental. nte common to the subdNislon; (c) autho rkifi (b) restric tions and matte am record without right of wary; (d) unpin orasianegna oil, gas and mineral rights rs cow lines and not meinthan 10 feet In ned public ulAlly easem ents of record (located contiguous of to real ar.s for year of Closing and subsoquontwidth as to roar a had ilnes and 7 1/2 foot in width as to side anon) property 725 additional items, attach addendum); yaws; and (I) assumed mortgages and purchase money mortgorms,; (e) taxes if any Of an If lime exists al Closing any violati provided, that, nano prevent use of Proporty for RESIDENTIAL PURP acv doled. Marketable lido shall h0 dolm on of home Idontkiod In (b) — 'ibovo, It OSES. the crux shall mo Florida Rat and in accordance with and according opal:cubic Title Standards adopted bybo deemed a ode law. authority of rho 370 (la TITLE EXAMINATION: Guyer shall wet Steer In writing specifying delact(s), have S dayn ohm IOCOlf/t of 111k Comm If any, that render eta unmwkelab itment to examine X rind • It is delivered to Sayer lose than 5 days to. If Senor provfdaa Mu Commitmeneutily an prior to Closin g Date, Buyer may extend Closin t and date of receipt to examine came in accor g for up to 5 days after 374 after receipt of Buyer's notice to (eke dance with this STANDARD A. Sella shell hove 30 days ('Cure Perio d) roase as Seller, Buyer shall ho deemed to havo accep indrio diligent afloat to (MOW defects. If Buyer fails to so will Onlivor written notice to Buyer ted title as lt then Is. If Rothe aeon notify 370 (with proof of are acceptable to defec ts. within Coro Period, Seller an MY close It Contract on Closing Onto Buyer Sollor's notice). If Seiko Is unable (or if Closing Unto has passed, and Buyer'S nhornoy) and the padres we to turns defects within Coro Period, within 10 .clayn alter }foyers receipt of ale oxpiratIon of Curo Period, deliver wrillon then Buyer may, wither 5 days oiler 30 exceed 120 days wenn which Seller shallnotice lo Sullen (a) °Marano Cerro Period fur a specified period (*Extended Cure Paled'); or (b) electing In continuo to use roasunabin diligen not to t accopt tide with existing defects Wort to remove or are the defects an oral dose this Contract on Closing Buy0r111,1410111 Pan cal 12 HofdaRodlortAxidawASIS4 Sailors InTiVe ‘ 34 rfar.Nt6 C92015 Fletik0 MmIto ca0:in ov....coh:s0}.....Thaltatl towers t111,3F0lio MK Nlryhbroaarwa. ...rya/1'A na I.DIVren1001 stOnneoFad 124 fircNto,cas EFTA01079651 S rANDAftDS POR HEAL ESTATE TRANSACTIONS ("STANDARDS") CONT INUED :tat Date (or if Closing Date has passe act d, within the earlier of tO days Mier motel of Seller's nolico), or (c) electin end of Extended Ctifft Period or g 714 releasing Buyer end Seller from nil furthe to terminals this Contract and receive a refund of the Depo Buyers Ho Is unable to timely cure defects. r obliga tions under et Contract. If alter reaso sit, thereby and Buyer does not waive the deco this nable diligent effort, Solar re shall receive a refund of the Depo rs, Contract shall terminate, sit, thereby releasing Buyer and Per C000RCI. Seer horn all further obligations and Buyer Ma B. SURVEY: If Survey discloses under Ibis she encroach on colback Ihtax, easemancroachmenth on the float Properly or that Improvorneras locate ents, d thereon me governmental regulations doccribed in or lands of others, or violate any restrictions, covenants, or an such matters, together with a STANDARD A (0(a), (b) or (d) above applicable Copy of Survey, to Sailor Mihin 5 days alter , Buyer shall delivor written notko of en than Closing. If Buyer freely delve act survey shall constitute u rs ouch noticu end Survey to Seller, Buyer's receipt of Survey, but no later lido doted. ouch matte s Identified In the narks oar prior survey, Sailor shall, m Buyer subject to cunt obligations of STANDARD A above. If Seller has delive end so pope:Nam of cult prior survey, to the 's replant, execute an allidavit of 'nu citatio red a n" to rho Real Property. sore the is C. INGRESS AND EGRESS: Sailor extent the alfirmationa therein are hue and correct. an the Real Property is insurable represents that tors Le Ingress and In accordance with STANDARD A egress to rho Heal Property and Yn IICCOSI. without exception for Inch of le0al Ole to im D. LEASE INFORMATION: Seller shall, right of 400 fonnel(s)/necimangs) specifying nature at least 10 days prior la Closing, furnish 01 Buyer ostoppel loners eel deposits paid by lenan(s).or necuponl(s)nod duration of Occupancy, rental rotes, advanced rent and born roe the some Information shag bo famished ('Estoppol Letlerthr). If Seth( Is unable to obtain such Esfoppol socurity and Buyer may ihoreallor contact by Salim to 04401 within that time Leger(a) an tonant(c) or occupont(a) to confirm period Iri tho form of a Seller's affidav jot Seller's affidavit, If any, Mao( materktly such infonnorkm. If Estoppel it 4.00 Paragraph 0, or it lanant(s)/accupon from Sellars representations and Lettor(s) or ',mo( e) provid ed pursu ant to ari to Sailor within b days after receipt of(e) foil or refuse to confirm Sellers affidavit, Buyer may delver such written notice as/ this Confront and receive a refund of the Information, but no later than 5 days prior to Closbm Oath, turrain ating 04 under tins Conant. Seiler shag, at ClostrDeposit, thereby rebating Buyer and Seiler hoot ell further oblIga 40f obligations thereunthr. m, deliver and resign alt leaks lions to Buyer wbo shall assume Seller 410 E. LIENS: Seller shall furnish to Buyer 's 411 statement, claims of lion Of pOOORIOI lines ut (Closing er, affidavit attesting (0 to the absonce of any financing 412 repair-.. to the Real Properly for 90 known to Solar and (il) that there bawl days been no Improveme era improved or repaired wAhin that fano, Sorter immediately preceding Cloaks; Delo. 11 rho Real Properly hasnts baen or 40 general contractors, subcontractors, shall deliver releases or ivalvors d const suppli ers and Materiatmen in addition to ructio n lions execu ted by ail III names ul all such general contra as charges for improvements or repair ctors, subcontractors, suppliers and matedSailors lien affidavit coding forth idinen, an s have boon pail or will bo paid at Closing. which could serve as a bask for a construction lienfurther affirming that all or a claim for damages 49 E. TIME: Calendar days shall be used 04 Other than time for acceptance and In computing lime porlods. Time In Ellactivu Date an sot tenth it, Paragraph of the essen ce in this Contract. it. dales specified In this Contract. 421 whelhor proprinted, handwritten, Isrpmwillon 3, any limo perfects provided for or occur on a Saturday, Sunday, or nation or insert ed heroin ,w shall end a al legal holiday (sae S U.S.C. 6103) ua Properly is located) of the nevi business day. shall extend lo 6:00... (whore Of as G. FORCE MAJEURE: Buyer or Seller the shall nth liable o each other for de/manors so long as nor be required to perform any obligation under thin Contract 48 or prevented by Peace Majeure. `Form Malco performance or non.performonce of the or be m" moms: hurricanos, earthq obligation is delayed, caused en unusual Vansportation delays, wars, uakes . floods , Cue, acts insuneclons, arid acts of terrorism, of Gad, in diligent effort, the nonperforming party and 424 inciuding Closing Dare will bo exten Is unable in whole or In part lo provo which, by exorcise of reasonable ded for Thu period that the Farce Majou nt or overc ome. All time periods. rue Contract, provided, howover, if such re prevents porformance ardor nee than In days beyond Closing Date, Force Mailmen continuos to prevent performance under this Contr Ihie 43I the other and the Daposk shall be than either patty may' terminate this Contr act more refund act by delivering mato Ratko 10 412 obligations under this Confiner. ed to Buyer, thereby releasing Buyer and Seller kern oil further 433 FL CONVEYANCE: Seller shaft convo or personal mprosoniarivirs, of guard y marka tablo IA to the Heal Property ian's by statutory warranty, truste ass described in STANDARD A and Mose deed, au appropriate o the status of Seller, subject only to mattees, na !tensioned by absolute bill of solo accepted by Buyer. Personal Prope rs watt warranty of bile, sables' only to such rty shall, at request of Buyer. he Of this Contract. matters ns may be provided for on I. CLOSING LOCATION; DOCUMENT in S; AND PROCEDURE: t ) DuyeP.. Pow of 12 Ilov.A11562016 %Ida Ibulifigio./e4 The ALCM PR4MallVinelleAlikeAfaMIM fIvr. IC:44111d. Seller% alarms DA I“diell1 .04 Tfaa41$0,VA Mel It4 faMtaness EFTA01079652 STANDARDS POI" REAL US fAre TRAN SACT IONS ("STANDARDS") CONDNUED co 10 LOCATION: Closing will take place No in the county whore 'flu Real Propo attorney or other closing agent (*Closing rty looatod at the offico of Agent 411 Insurance, or, if no NW Insurance, designated by -) designated by Oro party paying for the ownot's pasty of the at Sailor. Closing May be conducted by mall title (a) CLOSING DOCUMENTS: Softer shall or 010C1(01114 means. sale, certilleate(s) of lain or other docum at or prior to Closing, execute 40 and ents necessory to transfer title dolivor, as ape/feeble. deed, bill of 4,4 allidavit(s), came& pessosslon and 44$ no lion atlidevIrts), and asSIgnmont(s) of to tha Property, construction Ilan with OS receipts for all work dean on tho leases. Seller shall provide Buyer se oppecobte lho survey, flood elevation certili Property pursuant to this Contract. Boyar shag furnish and pay for, catbri , and documents requir as (iii) PROCEDURE: Thu deed shall ho recorded upon COLLECTIO ed by Buyer's lender. 447 440 movie's Insurance against adverse matte N of all Mourne funds. If the nth rs pursuant to Section 027.7841, Comrdtmen 440 procedure required by STANDARD J F.S., es amondod, de Ostrow closin t do closing funds, dLiburse at Closing the shall bo waived, and Closing Agent Shan, subject to COLLECTION of g or J. ESCROW CLOSING PROCEDUR bcorterege fees to Broker and the net saki proceeds to Seller. all E: II Tido Commitment Issued pureu 461 for Insurance against adverse manors ant to Paragraph 0(u) does not provid escrow and closing procedures shall on permitted under Section 627.7 e apply: (I) all Closing proceeds shall 841, P.S., as amended, the Wowing 40 444 to a period of not mein than 10 days ho hold In OSCIOW by the Closing Agent 456 of Dopy, Buyer shall, within the ID dayallot Closinn; (2) d Seller's Ulf° Is rendered unmatkelablo, through no fault porton ass from dale of receipt of such netilleellon to curo, notify Seller In writing of the defect and Seller shall havo 30 days end nil Closing funds paid by Guyer shell, tho tlofecl; (3) If Sneer fell'' 412 within 5 days after written demand to timely cure Ilw detect, the Depos 40 simultaneously with such repayment, by Buyer, be refunded to Buyer it ea Buyer shall robin the Personal Properly, vacate the Roal end, convey the Property to Seller by special Property and re- 4/0 demand for refund of the Deposit, Buyer warranty deed and bpi of sale; and (4) II Buyer falls to make Iimoly on defect except as may be available to Buyershall lake GIB as Is, waiving all rights against Solter as to any Intervot6ei 04 K. PRORATIONS; CREDITS: The follow by virtue of warranties containe, in the deed or bill of sale. au of the day prior to Closing Date, date ing recuuthg Items Will bo made currant (if applicable) and prorat ed as Underlain special bonen( tax assossmen of occupancy II occupancy occurs before Closing Date: real ovate Daes or 01 ls ros and ether exponses of Property. Buyer imposed by a ODD). Interest,.bonds, association Doa, shall have option et hiking over Insurance, rents assumable, In which event premiums shall oxisilng poaclos of Insurance, II 40 be prorated. Cash at Closing shall ho be required by Proration: to ho mode through day prior to Closing. Increa sed or decreased as may 40 be cradled to Buyer. Escrow doposits Advance rent end security deposit, II any, 40 based on current years tax with duo held by Sidles mortgagee will be paid to Seller. Taxes shall bo proratwill ere allowanco made for maximum allowable ed DX040882818. II Closing occurs 011 n date when current yew's rilsco uM, home stead rind other or al/allot:9o, loxes will bo prorated based Waage is not kart but current upon such asses:so:not and prior yoar's assessment Is • assossmonl Is not available, then axes year's Waage. If current years or win be prorated on prior yearn on the Real Property by January 1st year lax. If there are completed Impro M of Closing, which Improvements wore vements 474 of prior year, then taxes alma be prora not in ex/atone° on January 1st <A agreed upon between the pantos, Wing ted based upon prior year's railings mid which, request shall he made at an equita ble asses smen t to ho ad Informal assessment lekhig kilo in either purty's request, bo readjusted account awrilabla exemptions. A lax to the County Property Appraiser for an proration based on an estimato Ou Closina. upon (motet of Current year's tax bill. This shat at STANDARD K shall survive vv I.. ACCESS TO PROPERTY TO CONDUCT uu shall, upon reasonablo odic°, provid APPR AISALS, INSPECRONS, AND WALK e utilities service and access -THROUGH: Seller 481 including a woUrnwough (or follow to Property for appraisals and -up wok-through if necessary) prior to Closin InSpeCII011Si M. RISK OF LOSS: If, after Effective Date, g. ("Casualty Lose) raid cost of restor but bolore Closing, Property Is dama ation ood by fire cv other casualty sea not exceed 1.5% of Purchnos Price, coal (which shell iodide cost of prmang or removMg damaged trues) does do pursuant to terms of lids Contract. If of restoration shag loo an obligation rostoration Is not completed as of Closin of Seller and Closin g shall proceed 480 cost to complete restoration (not to exceed 1.6% of Purchaao Price), veil g, a Sum equal to 125% of estima be ted 4VI MUOTRibil OXONICIS escrowed amount, ocaro wed at Closin g. If actual cost of 400 Price). Any unused portion of escrowedSeiler shall pay such actual costs (but, not in excess of 1.5% of Purch amount shall be returned to Boger. If ase Purchase Neu, Buyer shall elect to either cost of factor/Won exceeds 1.6% of Deposit, thereby releasing Buyer and tale Property as iogoiher with the 1.5%, or receive oe Sono( from all further obligation.: under a refund of the with respect to tree damage by casually or other natural occurranco shoil be cost this Contract. Seller's sole obanadon 121 40 N. 1031 EXCHANGE: If either Saar or of pruning or removal. Buye 483 Closing or deferred) under Section 1031 r wish to crier Into a lacmidnd exchange (either simultaneously of the Intomal Rovenuo Code with 404 cooperate In all reasonable tespeCin In effectuate the Exchange, ("Err:Imago", lho other party shall Including execution of docum ents; provided, .) Buyers Inititte I. A Pope 9 of 12 norbaneonona‘itdeDararrta4 nay. arts 02015 120812 VAT Nwkla Pealtodarred 8/04/4,,eago80/04240. 00208 moresda ult. Al rinneresenoe. 1.2noolle*Arfur,/,:e4lACItaf twusn Agso 124 1144).(444o. EFTA01079653 STANDARDS FOR REAL liSTATB liANSACTIONS ("STANDARDS") CONTINUED PIS however, cooperating party shall Incur no Wilily or 491 contingeM upon, nut oxtendod or delayed by, such Exchang expense related to the Exchange, and Cloning shall e, not hn O..CONTRACT NOT RECORDABLE; PERSONS or EXECUTION: Neither this Cawthorn nor ollY noico BOUND ; NOTICE ; DELIVE RY; COPIES; CONTRACT Co be binding on, and ilium to the benefit or, tire of it shall bu recorded In any public records. ThG Contract shall :or parties and their respeclivo heirs or successors Whenever the context permits, singular ::had Include In Interest 991 &en by or to Iho attorney or broker (Including such plural and ono gender shall include ell. Notice and delivery biases real estate licensee) representing any party as effective as If given by or to that party. An notices: must shall bo rin delivery or electronic (induding 'pelt') media. A Incsimil0 bo In writing and may bo mode by mail, persona or l or any signatures hereon shall be conskforod for all *Alto* (includin g -On copy of this Contract and purposes no on original. Thls Canoed may be oxcottlod of electronic signatures, as determined by Flo:kids EIOChon by use as P. INTEGRATION; MODIFICATION: This Contract k Sin/tabus Act and other applicable lows. Mr contains the full and complet e understa nding and agreeme of Boyar and Seiler with respect to tin transaction contemp ea reprosoninnons shill IM binding upon Buyer or lated by this Contract mid no prior agreements nt Seller 11116133 included in this Contract. No modifica or so change In ibis Contract alma bfl valid or hintinn upon Cheri tion to or Pe or Seger unless in writing and torecutod by the parties intended to bo bound by g. sit 0. WAIVER: Fallow of Buyer. or Solar to Insist 00 compcan 612 Contract, or to tako advantage of any right orator thia ce vdth, or Mkt porformanco of, any provision of L13 1191115. Contract, shall not constitute n waiver of other provision this s or 514 R. RIDERS; ADDENDA; TYPEWRITTEN OR MAMM 116 A/77EN PROVISIONS: Riders, addenda, and or handwrillon provisions shall control all printed proylsion typewritten me S. COLLECTION or COLLECTED: "COLLECTION" o of this Contract in conflict with thorn. 617 received, Including Dopoolts, have become aclually or "COLLECTED" moans any checks tendered or eta Esorow Agent or Closing April. Closing and end finally collected and deposited in the account ate disbursement of funds and delivery of closing docume of may be delayed by Closing Agent until such amount nts Rs accounts. s bravo been COLLECTED In Closing Agent's 02i T. LOAN COMMITMENT: tem Commitment" means ;it conditions upon which tho lendor b willing to make a a slatemont by tin lender soiling forth the terms end .2.21 pre-approval letter nor a pruqueldicullon tenor shall be doomedpaditulat inottgago loan to a particular borrower. Neither a 2174 U. APPLICABLE LAW AND VENUE: Thin Contract shall a Loan ConunkMent fur purpcoos of (hie Convect. is' of Florida and venue for rociaution of all disputes, be construe d In accorda nce with the taws of tho w. county Map the Real Property Is located. whether by insdbillon, arbitration or litigation, shall IM State In the sa V. FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT me *foreign Jnsen" es delined by FitIPTA, Section 1445 ('FIRPT A"): If a Pallor of V.S. mot properly Is a 521 property to wahhold 10% of tho amount realized by theofsenor the Internal Revenue Coda (smokes Um buyer of the real svi internal Rovonue Service' (IRS) unless an exemption to on the transfer and remit the withhold amount to the, the roqulrod withhold ing applies or the seller has obtained cal a Withholding Certificate from the IRS authorizing a reduced 137 potential risks of FIRPTA, Buyer and Sailor should amount of withholding. Duo to the complexity and soak legal and lax advice regarding compliance, 533 on 'exempt on' M eialmod on the Salo of residential property for parliatily If 534 (I) No withhokling Is required under Suction 1445 thn 5000,000 or fess. If Sailor Is nut a 'foreign poison; provided ass MOM 01 same from Salter, which may include Buyers receipt of Buyer wain!. 431 signed under penalties of perjury, slating that Saler is codification of non-Mellon statue so taxpayer identilication number and home address (or office riot a foreirm parson and containing Sonata kern Seller, urine, U.S. 131 20 CFR 1.1445-2(b). Otherwise, Buyer shag withhold address, In the case of an entity), as provided for in 594 linIbly sniff sufd funds to the IRS. 10% of the amount realized by Soifer on the transfer and ace (0) II Stator has received a Will11101diel) Certificate at from tho IRS which provider; for reduced or eliminate withholding In this transaction arid provides same to us Ropy by Closing, than Buyer WIOU %withhold the reducedd rum, If any required, and timely remit said funds to the 1113. so if prior to Closing Seller has submitted a comicial ma hao provided to Buyer the notice required by 20 CFR uppiicatlon to the IRS for a Withholding Certificate and sr 1.1445.1(o) (2)(lXS) but no Withholding Certifica rocs:Ned a, of Closing. Buyer shall, at Closing, withhold 10% te has been ma and, W Buyer's option, either (a) timely remit the withheld of the amount waltzed by Seger on the transfer Mr funds to the IRS or (b) place the funds In escrow, at Seller's expense, with an estrow agent selected by Buyer and pummel to hums negotiated by tho parties, subsoquently disbursed 41 actonlanco with the Withholding to be 919 the IRS if the Seller's application Is rejected or upon terms sot forth Cedtilca to issuod by the IRS or remitted directly to cur (iv) in the event Ilia not procoods duo Sofa me not Who escrow agreement. sal suffIciont to moot the withhofttin0 requIroment(s) in transaction, Sotto( shall dogvor le Buyer, at Closing, tho additiona this l CCU ECTED funds necessary to satisfy the Swede Sots Page° to 12 Saw's CI4 nwileneasorsaiothrenanasts-a Rev. V1602016 Raab Iteakoare nal DU FlarlSa f101.•35161221Feolaiflaaat Malfeaaufreerers7ear. AllVas 1000NCti 11132/2107M20 6.6okOs.2.0,61 124 Poe Macon EFTA01079654 STANDARDS FOR DEAL ESTATE 'TRANSACTIONS ("STANDARDS") CONTINUED In applicable requirement and thernoltor Hoyt° shah timely remit said funds to dm IRS or oscrow 65s disbursement in accordant° with the final dolermination of the IRS, as nopihrublo. Oro funds for 554 (V) Upon t°Milling funds to the IRS pursuant to lids STANDARD, Buyer shall provide Sailor copies of IRS Forms us BPAII and 0200A, es Med. No W.RESERVED ssr X. BUYER WAIVER OF CLAIMS: To tiro extent penned& by law, Buyer wolves any claims against tea and against any real °Mato licensee involved M the negotiation of this Contract Seller for any sss dolects pertaining to the physical condition of Dm Propotly (hot may exist el Closing of this damage or 490 be subsequently discovered by Ma Buyer or anyone claiming by, through, under or against Contract and eat Thls provislon dons not milove Salford° obligation to comply with Paragraph 10(J). the Buyer. cm survive) Closing. hue Standard X shall vu ADDENDA AND ADDITIONAL TERMS r.w ID. ADDENDA: Tho following additional term aru included in tiro attached addenda or Mart and Incorporated Into MS ' li ds Contract (Check If applicable):_ OA. Condominium Ardor J K. iIESERVLD ar. Pre-Closlog 0=ov:rimy O S. Homer/morn' Assn. O L. RESERVED DU. Post.Clushvo Occupancy OC. Sailor Financirm OM. DONtlivo Drywall O V. Selo of Ruyan: Property DO. MortgagO Assumption ON. Coastal Construction ControlIli° OW. nockup Contract OE. FRANA Financing DO. Insulation OISC/051101 CI X. lOck-out Claus° UP Appraisal CoatinooncY IMP. Lout Paint Dlsdosuru (Pru-1070) OY. Salines AttOrney Approval OG. Short Sala Oa Housing for OWN Persons LIZ. Mayors Attorney Approval Olt Homeowners/Floral Ins. OR. Rezoning OAA. UallISCO Property interest at IntororthBeadng Acct. OS. Leese Nachos& Lease Option 0 WI 0lnding Arbitration so. 20. ADDITIONAL TERMS: 50/ eN VI rn 473 4/4 eras 6/6 Si? 570 MO aCY Mr sss / CODNIEROFEEIMIEJECTION e rSoller counters Doyen Wan (to accept the courler•0110m Buyer mud alga or WONl the comitur.offered terms end as deliver a copy of limo accolgan00 to SOi4/1). see CI Seller refuels Buyer's offer. sn THIS IS IhRIINDED TO HE A LEGALLY HIND/NG CONTRACT. IF NOT FULLY UNDERSTOOD, SEEN THE WO ADVICE OP AN ATTORNEY PRIOR TO SIGNING. an THIS FORM HAS BEEN APPROVED BY IDE FLORIDA REALTORS AND THE FLORIDA DAR. me Approval of thb `dorm by the Florida Realtors and The Fiorkla Bar does not constitute an opinion that any of the terms 091 and conditions kr this Contract shoot bn accepted by the ponies in a particular transaction. Terms and condlions \11t.1 Duyvil, haws 1' _ ) vano 11 ot 12 rroonmoartiliiraranv•AStS-1 Itw.2/12/O2OISHooloUftvatasS, at4 l'inida 031. as Ivo; mamba. Avdtkit.W.04AinitinVALLI INF> P.1.0Mt ILµ Ii.I,tunis,aw.i Solidi; Ina13 wrat.:42.242 ota Iii /WoM/o/ta• EFTA01079655 G9G should bo notyoon(....1 111/011 lily tespodivu Mutest% odoclivret and hargairdno 691 i)tift(InS. P0ai011:: 0/ a illiONSiUd C44 AN ASTBRIW (') FOLLOWING A LINE NUMBEI I IN DIE MARGIN INDICATES IFIE LINE. so BE COMPLETED. : CONTAINS A BLANK TO G94 •/ . ). • wo 110901/1 Ward Bete: ....( trt 4/ ., '...._•-) ‘..?_i_/._!---. l WE Buyer: CZO .»I• Sane!: <G2 my Seller: 604 COS Buyer's addles% for puipcoOs of notice Cokes address. for purposes of notice ør cot BROKER: listing and Cooperating Brokers, if any, named el to compensation le connecgon watt Øls Contract: below (colleCtivoiy, 'Brokor"), mu the only Brahms Instruction to Closing Agont: Seller and Buyer died Closingentitled au lo rislune at Closing the fun amount of Iho brokerag e fees os aponinod In suparnlo brokerage agreements Agent en parties and cooperativo agreements between the Brokers, MI, the except to the extent Broker has rolatnad elf oscrowad funds. This Contract shall not (noddy any MIS or other offer of componsaSon made such fees from the GIG Broker to Cooperating Brokers. by Sailor or Listing ey hairranee A. Moons Korry fanelok eta Cooperallnatdoo Asoodrito, nitY Liming sac, netiocano sir Lawrence A. Woos liarogtatep, Inn. 2.54 en Cooperating ldroket,II nay Dougitto Bllitlun Listing Stoker Fagot:1412 $21o.:Ifiiii,23 0 (11 floriblIG.91/4,11409say.ASKG4 Haw. .9I 5 02016 flnik.. IleAt/o.»gal1/9/ 41949/ FLA All ./.4449 /calved I Ete...t..40. IIWGrAmattl• ,,,A•bel t rx tr:filw.rny utruemw.e.e EFTA01079656 Comprehensive Rider to the Flask:lea& Contract For Sale And Purchase THIS FORM HAS KEN APPROVED BY THE FLORIDA REALTO RS AND THE FLORIDA DAO If Initialed by ell parties, rile 'tomes below wilt ho locinpuratod into the Florida Rooltas00-lorid Tor Salo And Purch.r...e bmwWla _ . n Rar Residential Contract and (SELLER) concerting the Property described as (sures) Buyer's Initials; • Sollars Inlllefs ulvl P. LEAD-BASED PAINT DISCLOSURE (Pre-1010 Housing) I fiethlkiputl PEM0NArgig Staggincsil 'Every purchasor ot any interest to rosidoillial real properly on which a residential dwolling was built prior to 1910 such property may present exposure to load horn Is noiilied that lead-basal paint that may place young children at risk poisoning. Load poisoning in young thedion nay produce of developing bad permanent neurological damage, including foaming reduced Intelligence quoliant, balutvicoal problorns, disabilities, and Impaired inemoty. Load poisoning aloe poses pregnant wanton. The collar of any Interest in resklontial root a pankular risk to property is required to provtdo the buyer with any leadbassd paint hazards from risk aatm$0ntonls or Information on inspection in lha sake, po:sorsion and notify lead-based paint hazards. A risk assessmont or impactio the buyer of any known n for possible loud-based paint hazard* Is parchaeo.• recommended prior to St:Al Disclosure (INMAL) (a) Prosonce of load-base l paint or load-bused paint hazards (CHECK ONE BELOW): (own load.besal paint or load hosed paint hazards argidnu nig in the housing. Seller has DEIMO_Wiefinct of leadDesod paint or load-based Dom' paint linzartio in the housing. (b) Rounds and reports avtalablo to Iho Sailor (CHECK ONE BELOW): O Sigler has provided tho fluyor with NI available records and reports pedalo:rig to loadhasod loud. sod paint hazards in Um housing. List docume paint or nts: Seller has no reports or records porta/ring to lead-bas Buyers Acknowledgement (INITIAL) ed paint or load-based paint hazards In the housing. (e) Boyar has received copies of ell information !bled above. (d) Boyar has received the pamphlet Protect Your Fanny from (marlin Your Home. (e) Buyer has (CHECK ONE BELOW): (81 IfieseNed n 10 day oppotlunky (or (Nor mutua0y agreed upon peaua) lo conduct a risk ussessm .• or inspection tar En presunco ol load-tuned point or load-bas ont ed paint hazards; or 0 Wuived Ulu uppoituilky to conduct a risk OSseauntont or inspectio n fog Mil II(0.90PCO of lead-based paint or lend-based paint hazards. Licensee's Acknowledgement (INITIAL) (I) License* has Informed the Seller of the Stollen: obatjalknia under 42 U.S.C. 4052(d) and Is °Warn Licensee's responsibility to °usury compliance. of Corlifleallon of Accuracy The rolloning audios love ioviovred tho Information above and codify, lo the bust ol Muir knowledge. Mal have provictl Is accursia Me bYapsallon they It L7:4 NIS Atiott. Wairetroki ter • 5 .? Dam IUIYhft _ I ailing I kw:1w Karl :y tInruink Mao L S,w:ol lot ' A. Moon Any person or persons who knowingly violate 11w provialont; of the Roakfentlel Load-Ba be subpart to Welland criminal penalties end palettes( triple sed Paint Inward Fumuellon Act of 1992 may dominion Inn private WI lawsuit. Page 1 of 1 P. LEAD-BASED PAINT DISCLOSURE CH .1 nett. ant5 02015 Florian IlwItorraluK1110 Flocktri tint. AI relAn I vacated. tnine414.t. a...Milo; six. 1-m ("f" n" 0 hnlIni un Prta<W1061M4.4O.4 41.1to • iirgelt1 iinuf.rattin"Erk.4.000 ralotlie=0 EFTA01079657 ESCROW AGREEMENT ON INTEREST BEARING ACCOUNTS This agreement supplements and is part of the Contract for Sale and Pumbaso between Buyer: Donna Ward ta n . Properly: It is agreed between the parties that all deposits made on this amoun CAnornet shall be deposited in escrow by Lawrence A. Moms t for the above Associates, Inc. in a federally insured depository: Sabedell liankKlYteds 1. It is 'lather agreed that, at closing ell accrued interest will be credite Buyer. d to the 2. Should any contingency contained in the Coutract NOT be resolved and deposits thettby returned to the Buyer, accrued interest will beytid Buyer. to the 3. Should Buyer fail to petroma and the deposits are retained, accrued interest will be paid to Bella in accordance with the tcrms.of the Contract 4. Should the Seller fail to perform and the deposits are returned to the Buyer, accrual interest will be paid to the Buyer. S. The Pantos to this agreement recognize that the amides ace to be placed such an account until closing. Escrow agent shall not be responsible in for any interest prior to the time the check(s) clears or for any penalty for early withdrawal. 6. Seller warrants, which warranty sball survive the closing, that Seller ihreign person, entity or otherwise subject to Federal laws which is not a would require withholding for tax, purpou,s at closing. Buyer: EFTA01079658 ADDENDUM This is an Addendum to that certain "AS-IS" Residential Contract for Sale and Purchase the "Contract") by and between as "Seller", an s "Buyer", pertaining to the "Property" described therein as: 1. The provisions of this Addendum shall control over any conflicting provisions in the Contract 2. Any changes in the Contract made by Buyer and not specifically initialed by Seller shall be deemed to be rejected by Seller and not binding. 3. Paragraph 1(d) and 1(e) of the Contract are hereby modified to provide that only furnishings and personal property that were at the Property before Seller first took possession of the Property in October 2013 and currently remain on the Property as of the date of the Contract are included in the purchase and sale of the Property, and Seller may remove all other items from the Property prior to closing. Seller will furnish to Buyer within seven days of the Effective Date an inventory of the items that are included in the said purchase and sale. 4. Paragraph 2(a) of the Contract is hereby amended to change the name and address of the Escro A ent " . (Nan B. Bolz, Esq.), 5 5. Paragraph 3 of the Contract is modified to change the closing date to on or before Ay. 3 30, 3016: may 16, 2016. 6. Paragraph 9(1) of the Contract is modified to provide that if any special assessments are payable in installments, Seller shall pay installments due prior to closing and Buyer shall pay installments due after closing. 7. Buyer hereby waives any right to the inspections and to terminate the Contract as provided for in Paragraph 12(a) of the Contract, and agrees to purchase the Property "As-Is" as provided in said Paragraph 12(a). 8. Paragraph 12(c) is modified to provide that Seller shall only be responsible for closing any open permits on the Property that were obtained by or on behalf of Seller during Seller's ownership of the Property, and Seller shall not be responsible for any other open permits. 9. Paragraph 16 of the Contract is hereby deleted in its entirety. The first sentence of Paragraph 17 of the Contract is hereby deleted in its entirety. 1 EFTA01079659 10. Paragraph 18G is modified so that notwithstanding the provisions thereof to the contrary, in no event shall any Force Majeure event be deemed to excuse Buyer's failure to make timely payment of any amount as, when and to whom required under the Contract 11. The Escrow Agreement on Interest Bearing Accounts by Seller and Buyer pursuant to which, among other things, the $500,000 deposit pursuant to Paragraph 2(a) of the Contract (the "Deposit") was to be placed in escrow in an account of Lawrence A. Moens Associates, Inc. at Sabadell Bank & Trust is hereby canceled and deemed null and void ab initio. 12. The Deposit shall be nonrefundable to Buyer. The Deposit shall be released from escrow and shall be delivered by the Escrow Agent to Seller promptly upon receipt from Seller of a written instruction that either of the following has occurred: (a) the sale and purchase of the Property under the Contract has dosed, or (b) Buyer has failed, neglected, refused or is unable to perform any of Buyer's obligations under the Contract within the time specified therein. Without any instruction, confirmation, consent or approval of Buyer, the Escrow Agent shall be obligated to release the Deposit to Seller upon receipt of a written instruction from Seller stating that either of the foregoing events has occurred. The Escrow Agent shall have no liability to Buyer for compliance with such written instruction from Seller, and Buyer shall indemnify and hold harmless the Escrow Agent for any claim, demand, liability, costs, fees or expenses (including, without limitation, reasonable attorneys fees, costs and disbursements) arising from, relating to or connected with the Escrow Agents release of the Deposit to Seller upon receipt of such written instructions from Seller. IN WITNESS WHEREOF, Buyer and Seller have executed this Addendum to the Contract on the date set forth opposite each of their respective signatures below. SELLER: BUYER: Dated: March 10, 2016 Dated: March 10, 2016 a Florida limited liability company By: Darren K Indyke, Manager DONNA WARD 2 EFTA01079660