Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Item O5
BOARD OF COUNTY COMMISSIONERS AGENDA ITEM SUMMARY Meeting Date: 02/10/16 Bulk Item: Yes X No Division: Growth Management/Code Staff Contact /Phone #: Steve Williams; 292-3470 AGENDA ITEM WORDING: Approval of a settlement agreement for Code Compliance Liens regarding real property located at 537 Plante Street, Key Largo, FL. ITEM BACKGROUND: This property has been the subject of three code compliance cases and has become an eyesore to its neighborhood. A nearby property owner wishes to purchase the property and clean it up, but does not wish to acquire without assurances regarding the code liens that exceed the value of the property. The current owner has abandoned the property and left the keys. CE12050038: The property has been subject of a code compliance case for illegal parking and storage of trucks and failure to maintain the property clean and free of trash and debris. On February 28, 2013 the Code Compliance Special Magistrate approved an executed Stipulation Agreement wherein the property owner admitted to the violations. In the Stipulation, the property owner agreed to pay fines in the amount of $200.00 per day, if compliance was not achieved by the agreed upon compliance date (May 17, 2013). The property owner was given 1 extension of the compliance date with the final compliance date of July 19, 2013; however, compliance was not achieved by the final compliance date of July 19, 2013. The Final Order was recorded as a lien in the Monroe County Clerk's Office on January 17, 2014. The current amount of the fines as of December 1, 2015 is $172,800.00 with a $200.00 per diem and an estimate of costs are $1,367.69. CE10020191: Mr. Hardy has had similar violations in the past that have been remedied. For example, 2011, he was found in violation of parking and storing vehicles in the setbacks, storing abandoned vehicles, failure to maintain the property cleaned of junk and debris, prohibited habitation of travel trailers, illegal parking and storage on the right of way and failure to have all vehicles registered and tagged to a tenant or property owner. Those violations were cured on or before the compliance date (May 11, 2011). However, the one-time fine in the amount of $250.00 ordered by the Special Magistrate for the repeat use of the right of way and the repeat failure to maintain the property remains unpaid to date. Additionally, costs in the amount of $159.49 remain unpaid to date. In 2006 Mr. Hardy was found in violation of failing to maintain the property clean of junk and debris. He gained compliance and paid the administrative fees of $100.00. CE13090093: The Special Magistrate found the property owner in violation of failure to connect to the central sewer system on February 27, 2014 and set an original compliance date of June 1, 2014. The property owner was given an extension to the compliance date until February 1, 2015. The property is not yet compliant. As of December 1, 2015 the fines total $54,700.00 with a $100.00 per diem and an estimate of costs are $265.02. The total owed is $229,542.20 with a $300.00 per diem. A settlement agreement has been set forth to potential new buyers as follows: • $20,000 for all fines and costs • Complete cleanup and compliance within 30 days of close • If not compliant on day 31, revert to existing amount of $300.00 per day and $20,000.00 is treated as partial payment of full lien amount. PREVIOUS RELEVANT BOCC ACTION: August 20, 2014 — authorization to initiate litigation and work with the property owner and the County Veteran's Affairs to see if compliance can be achieved prior to filing suit. CONTRACT/AGREEMENT CHANGES: N/A STAFF RECOMMENDATIONS: Approval of a settlement agreement for successful purchase of the parcel. Currently, there are two interested purchasers and this settlement will be extended to successful buyer. The County has no preferences or position with regards to whomever purchases the property. TOTAL COST: INDIRECT COST: BUDGETED: Yes No DIFFERENTIAL OF LOCAL PREFERENCE: COST TO COUNTY: SOURCE OF FUNDS: REVENUE PRODUCING: Yes _ No AMOUNT PER MONTH Year APPROVED BY: County Atty OMB/Purchasing Risk Management DOCUMENTATION: Included Not Required DISPOSITION: Revised 7/09 AGENDA ITEM # SETTLEMENT AGREEMENT The Board of County Commissioners of Monroe County and Michael J. Smith and Donna M. Smith New Buyer(s) of the property, hereby agree to settle the existing code enforcement liens imposed by the Special Magistrate regarding real property located at, 537 Plante Street, Key largo, FL, as follows: 1. The County brought actions in 2010, 2012 and 2013 to enforce compliance and unpaid code enforcement liens against Kevin L. Hardy, and his property located at Lot 28 and 29, Block 3, SOUTH CREEK VILLAGE, according to the Plat thereof, as recorded in Plat Book 3, at Page 85, of the Public Records of Monroe County, Florida. Also known as 537 Plante Street, Key Largo, Florida 33037, Monroe County, Florida (RE #: 00467040-000000) ("the Property") as a result of violations found in Code Enforcement case numbers CE12050038, CE10020191, and CE13090093. 2. Kevin L. Hardy currently owns the property and is believed to have left the area and the Bank had filed litigation to foreclose the property. New Buyer(s) are acquiring the parcel vis short -sale. 3. In Code Enforcement Case CE1205038, property owner, Kevin L. Hardy, was ordered to gain compliance by July 19, 2013, with regards to violations of Monroe County Code, § 17-6(a), § 17-6(b)(1), and §21-20(a) imposing a daily fine of $200.00 per day which commenced running on July 20, 2013. Compliance has not been achieved; therefore, the daily fines continue to run. 4. in Code Enforcement Case CE10020191, property owner, Kevin L. Hardy, gained compliance on May 11, 2011 with regards to violations of Monroe County Code, §130-186, §17-2(a), §21-20(a), §25-35(c), §25-35(d), and §25-35(e). A one-time fine in the amount of $250.00 and costs in the amount of $159.49, for a total of $409.49 remains unpaid to date. 5. In Code Enforcement Case CE13090093, property owner, Kevin L. Hardy, was ordered to gain compliance by February 1, 2015, with regards to the violation of Monroe County Code §20-78(a) imposing a daily fine of $100.00 per day which commenced running on February 2, 2015. Compliance has not been achieved; therefore, the daily fines continue to run. 6. The New buyer agrees to: Pay $20,000 to Monroe County for all fines and costs; Complete cleanup and compliance within 30 days of closing of the property; If not compliant on day 31, revert to existing amount of $300.00 per day and the $20,000 is treated as partial payment of full lien amount. 7. Payment shall be made payable directly from closing proceeds to: Monroe County Code Compliance, Attn: Nicole Petrick, 2798 Overseas Highway, Marathon, FL 33050. 8. Once the outstanding settlement amount is received in full, final inspection of property is completed, upon the execution of this agreement and approval from the Board of County Commissions, the County will: Issue, a release and satisfaction of the underlying code enforcement liens for filing by the New Buyer(s) in the Official Records of Monroe County. 9. By entering into this agreement, each party agrees to waive any and all claims that it could have raised and/or potential claims that it might have been able to raise as a result of the Code Enforcement cases. New Buyer, Date ichael J. Smith f -PI t, 41 off!—l�v New Buyer, Date Donna M. Smith Heather Carruthers Date Mayor, Monroe County Board of County Commissioners Steven T. Williams Date Assistant County Attorney S S" Residential Contract or Sale And Purchase THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR 1 * PARTIES:Kevin L. Hardy ("Seller"),. 2 * and Michael J. Smith and Donna M. Smith ("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 5 Purchase and any riders and addenda ("Contract"). 6 1. PROPERTY DESCRIPTION: 70 (a) Street address, City, Zip:537 Plante Street, Key Largo, FL 33037 s* (b) Property is ocated immonroe County, Florida. Real Property Tax ID No::00467040-000000 9* (c) Real Property: The legal description is 10 youth Creek Village Key Largo PB 3-85 Lots 28, 29 & 30 Block 3, OR 340-125 12 together with all existing improvements and fixtures, including built-in appliances, built-in furnishings and ^3 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), 1e 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: 21 22 Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer, 23* (e) The following items are excluded from the purchase: 24 25 PURCHASE PRICE AND CLOSING 26* 2. PURCHASE PRICE (U.S. currency): . ................... ....... ..... ........................ ...... ...... .......... $250.166.32 27* (a) Initial deposit to be held in escrow in the amount of (checks subject to COLLECTION) _...,$i0,000.00 28 The initial deposit made payable and delivered to "Escrow Agent" named below 29* (CHECK ONE): (i) ® accompanies offer or (ii) ❑ is to be made within (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:coralReefTitleCo, 33 * AddreSS:100360 Overseas Highway, Key Largo, FL 33037 34* Phone:305-451-6200 r--mail coralreeftitlekl@msn.com Fax: 35* (b) Additional deposit to be delivered to Escrow Agent within (if left blank, then 10) 35* days after Effective Date .... $ 37 (All deposits paid or agreed to be paid, are collectively referred to as the "Deposit") m* (c) Financing: Express as a dollar. amount or percentage ("Loan Amount") see Paragraph 8 39* (d) Other: $ 40 (e) Balance to close (not including Buyer's closing costs, prepaids and prorations) by wire 4, * transfer or other COLLECTED funds ............. _. _ ......... ... . $240,166.32 42NOTE: For the definition of "COLLECTION" or "COLLECTED" see STANDARD S. 43 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 -s • 11/25/2015 _ 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 fast one of the Buyer and Seller has signed or 49 initiated and delivered this offer or final counter-offer ("Effective Date"). 50 4. CLOSING DATE: Unless modified by other provisions of this Contract, the closing of this transaction shall occur 51 and the closing documents required to be furnished by each party pursuant to this Contract shall be delivered s2 * ("Closing") on *See Line S69 '"Closing Date'), at the time established by the Closing Agent 13yers Initials Page 1 or 12 Sr'ers Initials F ..ridaRea tors/Fbr:dal3ar-ASIS=4 Rev 915 c5 2015 F,orida Realtors.D and the F o,'ida Bar A r,ghts reserved Al 53 5. EXTENSION OF CLOSING DATE: 54 (a) If Paragraph 8(b) is checked and Closing funds from Buyer's lender(s) are not available on Closing Date due 55 to Consumer Financial Protection Bureau Closing Disclosure delivery requirements ("CFPB Requirements"), 56 then Closing Date shall be extended for such period necessary to satisfy CFPB Requirements, provided such 57 period shall not exceed 10 days 5e (b) If extreme weather or other condition or event constituting "Force Majeure" (see STANDARD G) causes: (i) 59 disruption of utilities or other services essential for Closing or (ii) Hazard, Wind, Flood or Homeowners' so insurance, to become unavailable prior to Closing, Closing shall be extended a reasonable time up to 3 days 61 after restoration of utilities and other services essential to Closing and availability of applicable Hazard, Wind, 62 Flood or Homeowners' insurance. If restoration of such utilities or services and availability of insurance has as not occurred within_(if left blank, then 14) days after Closing Date, then either party may terminate 64 this Contract by delivering written notice to the other party, and Buyer shall be refunded the Deposit, thereby 65 releasing Buyer and Seller from all further obligations under this Contract. 66 6. OCCUPANCY AND POSSESSION: 67 (a) Unless the box in Paragraph 6(b) is checked, Seller shall, at Closing, deliver occupancy and possession of sa the Property to Buyer free of tenants, occupants and future tenancies. Also, at Closing, Seiler shall have 69 removed all personal items and trash from the Property and shall deliver all keys, garage door openers, 70 access devices and codes, as applicable, to Buyer If occupancy is to be delivered before Closing. Buyer 71 assumes all risks of loss to the Property from date of occupancy, shall be responsible and liable for 72 maintenance from that date, and shall be deemed to have accepted the Property in its existing condition as of 73 time of taking occupancy. 74 • (b) ❑ CHECK IF PROPERTY IS SUBJECT TO LEASE(S) OR OCCUPANCY AFTER CLOSING. If Property is 75 subject to a lease(s) after Closing or is intended to be rented or occupied by third parties beyond Closing, the 76 facts and terms thereof shall be disclosed in writing by Seller to Buyer and copies of the written lease(s) shall 77 be delivered to Buyer, all within 5 days after Effective Date. If Buyer determines, in Buyer's sole discretion, 78 that the lease(s) or terms of occupancy are not acceptable to Buyer, Buyer may terminate this Contract by 79 delivery of written notice of such election to Seller within 5 days after receipt of the above items from Seller. so and Buyer shall be refunded the Deposit thereby releasing Buyer and Seller from ail further obligations under 91 this Contract. Estoppel Letter(s) and Seller's affidavit shall be provided pursuant to STANDARD D. If Property e2 is intended to be occupied by Seller after Closing, see Rider U. POST -CLOSING OCCUPANCY BY SELLER. 83 • 7. ASSIGNABILITY: (CHECK ONE): Buyer ❑ may assign and thereby be released from any further liability under 84* this Contract; ❑ may assign but not be released from liability under this Contract; or ® may not assign this 85 Contract. e6 FINANCING 97 8, FINANCING: se * ® (a) Buyer will pay cash for the purchase of the Property at Closing. There is no financing contingency to 89 Buyer's obligation to close. If Buyer obtains a loan for any part of the Purchase Price of the Property, Buyer 90 acknowledges that any terms and conditions imposed by Buyer's lender(s) or by CFPB Requirements shall not 91 affect or extend the Buyer's obligation to close or otherwise affect any terms or conditions of this Contract. 92 * ❑ (b) This Contract is contingent upon Buyer obtaining a written loan commitment for a ❑ conventional ❑ FHA 93 * ❑ VA or other (describe) loan on the following terms within (if left blank, then 45) 94" days after Effective Date ("Loan Commitment Date") fir (CHECK ONE): ❑ fixed, ❑ adjustable, ❑ fixed or 95* adjustable rate loan in the Loan Amount (See Paragraph 2(c)), at an initial interest rate not to exceed % 96" (if left blank, then prevailing rate based upon Buyer's creditworthiness), and for a term of _(if left blank, 97 then 30) years ("Financing"). 98" Buyer shall make mortgage loan application for the Financing within (if left blank, then 5) days after 99 Effective Date and use good faith and diligent effort to obtain a written loan commitment for the Financing (''Loan too Commitment") and thereafter to close this Contract. Buyer shall keep Seller and Broker fully informed about the io1 status of mortgage loan application and Loan Commitment and authorizes Buyer's mortgage broker and Buyer's •02 lender to disclose such status and progress to Seller and Broker. '03 04 Upon Buyer's receipt of Loan Commitment, Buyer shall provide written notice of same to Seller. If Buyer does not os receive Loan Commitment by Loan Commitment Date, then thereafter either party may cancel this Contract up to 6 the earlier of: Boyer s initia,s Page 2 of 12 Sel'er s Initials ordaRealtors/Florida Bar -A .S 4 Rev 9f15 (c7 20'5 Florida Reaaors& and Tl�e Florida Bar AID rghts reserved 107 (i) Buyer's delivery of written notice to Seller that Buyer has either received Loan Commitment or elected 108 to waive the financing contingency of this Contract; or 109 (ii.) 7 days prior to the Closing Date specified in Paragraph 4, which date, for purposes of this Paragraph 110 8(b) (ii), shall not be modified by Paragraph 5(a). 111 If either party timely cancels this Contract pursuant to this Paragraph 8 and Buyer is not in default under the terms 112 of this Contract, Buyer shall be refunded the Deposit thereby releasing Buyer and Seller from all further 113 obligations under this Contract. if neither party has timely canceled this Contract pursuant to this Paragraph 8, 114 then this financing contingency shall be deemed waived by Buyer. 115 If Buyer delivers written notice of receipt of Loan Commitment to Seller and this Contract does not thereafter 115 close, the Deposit shall be paid to Seller unless failure to close is due to: (1) Sel,er's default; (2) Property related 117 conditions of the Loan Commitment have not been met (except when such conditions are waived by other 119 provisions of this Contract); (3) appraisal of the Property obtained by Buyer's lender is insufficient to meet terms 119 of the Loan Commitment; or (4) the loan is not funded due to financial failure of Buyer's lender, in which event(s) 120 the Deposit shall be returned to Buyer, thereby releasing Buyer and Seller from all further obligations under this 121 Contract. 122 * ❑ (c) Assumption of existing mortgage (see rider for terms). 123* ❑ (d) Purchase money note and mortgage to Seller (see riders; addenda; or special clauses for terms). =24 CLOSING COSTS, FEES AND CHARGES 125 9. CLOSING COSTS; TITLE INSURANCE; SURVEY; HOMEWARRANTY; SPECIAL ASSESSMENTS: 125 (a) COSTS TO BE PAID BY SELLER: 127 • Documentary stamp taxes and surtax on deed, if any • HOA/Condominium Association estoppel fees 128 Owner's Policy and Charges (if Paragraph 9(c) (i) is checked) • Recording and other fees needed to cure title 129 • Title search charges (if Paragraph 9(c) (iii) is checked) • Seller's attorneys' fees 130 • • Municipal lien search (if Paragraph 9(c) (1) or (iii) is checked) • Others 131 If, prior to Closing, Seller is unable to meet the AS IS Maintenaance Requirement as required by Paragraph 132 a sum equal to 125% of estimated costs to meet the AS IS Maintenance Requirement shall be escrowed at 133 Closing. If actual costs to meet the AS IS Maintenance Requirement exceed escrowed amount, Seller shall 134 pay such actual costs. Any unused portion of escrowed amount(s) shall be returned to Seller. 135 (b) COSTS TO BE PAID BY BUYER: 136 • Taxes and recording fees on notes and mortgages • Loan expenses 137 • Recording fees for deed and financing statements • Appraisal fees 13e • Owner's Policy and Charges (if Paragraph 9(c)(ii) is checked) • Buyer's Inspections 139 • Survey (and elevation certification, if required) • Buyer's attorneys' fees 140 • Lender's title policy and endorsements • All property related insurance 141 • HOA/Condominium Association application/transfer fees • Owner's Policy Premium (if Paragraph 142 • Municipal lien search (if Paragraph 9(c) (ii) is checked) 9 (c) (iii) is checked.) 143* • Other 144* (c) TITLE EVIDENCE AND INSURANCE: At least (if left blank, then 15, or if Paragraph 8(a) is checked, 145 then 5) days prior to Closing Date ("Title Evidence Deadline"), a title insurance commitment issued by a 146 Florida licensed title insurer, with legible copies of instruments listed as exceptions attached thereto ("Title 47 Commitment") and, after Closing, an owner's policy of title insurance (see STANDARD A for terms) shall be 148 obtained and delivered to Buyer. If Seller has an owner's policy of title insurance covering the Real Property, •49 a copy shall be furnished to Buyer and Closing Agent within 5 days after Effective Date. The owner's title °50 policy premium, title search and closing services (collectively, "Owner's Policy and Charges") shall be paid, as set forth below. The title insurance premium charges for the owner's policy and any lender's policy will be '52 calculated and allocated in accordance with Florida law, but may be reported differently on certain federally •53 mandated closing disclosures and other closing documents 154 (CHECK ONE): 1s5* ❑ (i) Seller shall designate Closing Agent and pay for Owner's Policy and Charges, and Buyer shall pay the 155 premium for Buyer's lender's policy and charges for closing services related to the lender's policy, 157 endorsements and loan closing, which amounts shall be paid by Buyer to Closing Agent or such other ,58 provider(s) as Buyer may select; or E.* ❑ (ii) Buyer shall designate Closing Agent and pay for Owner's Policy and Charges and charges for closing ,50 services related to Buyer's lender's policy, endorsements and loan closing; or '61* ❑ (iii) [ IA I- DE/BROWARD REGIONAL PROVISION]: Seller shall furnish a copy of a prior owner's •62 policy of title insurance or other evidence of title and pay fees for: (A) a continuation or update of such title I ("I 1 4 144.= Buyer's initials 1 1 y Page 3 of 12 Selier`s initials 6 F or daRea tors/FloridaBar-ASiS-4 Rev 9,1502015 Flof:da RealtorsC and The Flor as Bar Ail rights resented 163 evidence, which is acceptable to Buyer's title insurance underwriter for reissue of coverage; (B) tax search; sa and (C) municipal lien search. Buyer shall obtain and pay for post -Closing continuation and premium for 165 Buyer's owner's policy, and if applicable, Buyer's lender's policy. Seller shall not be obligated to pay more 166* than $ (if left blank, then $200.00) for abstract continuation or title search ordered or 167 performed by Closing Agent. '168 (d) SURVEY: On or before Title Evidence Deadline, Buyer may, at Buyer's expense, have the Real Property 169 surveyed and certified by a registered Florida surveyor ("Survey"). If Seller has a survey covering the Real 170 Property, a copy shall be furnished to Buyer and Closing Agent within 5 days after Effective Date. 171 * (e) HOMEWARRANTY: At Closing, ❑ Buyer ❑ Seller ❑N/A shall pay for a home warranty plan issued by 172 * at a cost not to exceed $ A home 173 warranty plan provides for repair or replacement of many of a home's mechanical systems and major built-in 174 appliances in the event of breakdown due to normal wear and tear during the agreement's warranty period. 175 (f) SPECIAL ASSESSMENTS: At Closing, Seller shall pay: (i) the full amount of liens imposed by a public body 176 ("public body" does not include a Condominium or Homeowner's Association) that are certified, confirmed and 177 ratified before Closing; and (ii) the amount of the public body's most recent estimate or assessment for an 178 rnprovement which is substantially complete as of Effective Date, but that has not resulted in a lien being ,79 Imposed on the Property before Closing. Buyer shall pay all other assessments. If special assessments may 180 be paid in installments (CHECK ONE): 181 * ® (a) Seller shall pay installments due prior to Closing and Buyer shall pay installments due after Closing. •82 Installments prepaid or due for the year of Closing shall be prorated. 183 * ❑ (b) Seller shall pay the assessment(s) in full prior to or at the time of Closing. 184 IF NEITHER BOX IS CHECKED, THEN OPTION (a) SHALL BE DEEMED SELECTED. 185 This Paragraph 9(f) shall not apply to a special benefit tax lien imposed by a community development district 186 (CDD) pursuant to Chapter 190, F.S , which lien shall be prorated pursuant to STANDARD K. 187 DISCLOSURES 186 10. DISCLOSURES: 189 (a) RADON GAS: Radon is a naturally occurring radioactive gas that, when it is accumulated in a building in 1so sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that 191 exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding 192 radon and radon testing may be obtained from your county health department. 193 (b) PERMITS DISCLOSURE: Except as may have been disclosed by Seller to Buyer in a written disclosure, 194 Seller does not know of any improvements made to the Property which were made without required permits 195 or made pursuant to permits which have not been properly closed. 196 (c) OLD: Mold is naturally occurring and may cause health risks or damage to property. If Buyer is concerned 197 or desires additional information regarding mold, Buyer should contact an appropriate professional, 198 (d) FLOOD ZONE; ELEVATION CERTIFICATION: Buyer is advised to verify by elevation certificate which flood 199 zone the Property is in, whether flood insurance is required by Buyer's lender, and what restrictions apply to 200 improving the Property and rebuilding in the event of casualty. If Property is in a "Special Flood Hazard Area" 201 or "Coastal Barrier Resources Act" designated area or otherwise protected area identified by the U.S. Fish 202 and Wildlife Service under the Coastal Barrier Resources Act and the lowest floor elevation for the building(s) 203 and /or flood insurance rating purposes is below minimum flood elevation or is ineligible for flood insurance zoo coverage through the National Flood Insurance Program or private flood insurance as defined in 42 U.S.C. 205 * §4012a, Buyer may terminate this Contract by delivering written notice to Seller within (if left blank, 206 then 20) days after Effective Date, and Buyer shall be refunded the Deposit thereby releasing Buyer and 207 Seller from all further obligations under this Contract, failing which Buyer accepts existing elevation of 208 buildings and flood zone designation of Property. The National Flood Insurance Program may assess 209 additional fees or adjust premiums for pre -Flood Insurance Rate Map (pre -FIRM) non -primary structures 210 (residential structures in which the insured or spouse does not reside for at least 50% of the year) and an 211 elevation certificate may be required for actuarial rating 212 (e) ENERGY BROCHURE: Buyer acknowledges receipt of Florida Energy -Efficiency Rating Information 213 Brochure required by Section 553.996, F.S. 214 (f) LEAD -BASED PAINT: If Property includes pre-1978 residential housing, a ?ead-based paint disclosure is 21,5 mandatory. 216 (g) HOMEOWNERS' ASSOCIATION/COMMUNITYDISCLOSURE: BUYER SHOULD NOT EXECUTE THIS 217 CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS' 2=8 ASSOC IATION/COMMUNITY DISCLOSURE, IF APPLICABLE. Bayer's it t als IPage 4 of 112 Selle* s roil a s r oridaReaitors/For-daBar-ASiS-4 Rev 9,15.E 2016 F onda Realiors& and The Florida Bar Al rgnts 'eservea 219 (h) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT 220 PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED 221 TO PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY 222 IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN 223 HIGHER PROPERTY TAXES. IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION, CONTACT 224 THE COUNTY PROPERTY APPRAISER'S OFFICE FOR INFORMATION. 225 (i) FIRPTA TAXWITHHOLDING: Seller shall inform Buyer in writing if Seller is a "foreign person' as defined by 225 the Foreign Investment in Real Property Tax Act ("FIRPTA"). Buyer and Seller shall comply with FIRPTA, 227 which may require Seller to provide additional cash at Closing. If Seller is not a "foreign person", Seller can 228 provide Buyer, at or prior to Closing, a certification of non -foreign status, under penalties of perjury, to inform 229 Buyer and Closing Agent that no withholding is required. See STANDARD V for further information pertaining 230 to FIRPTA. Buyer and Seller are advised to seek legal counsel and tax advice regarding their respective 231 rights, obligations, reporting and withholding requirements pursuant to FIRPTA. 232 SELLER DISCLOSURE: Seller knows of no facts materially affecting the value of the Real Property which 233 are not readily observable and which have not been d scosed to Buyer. Except as provided for in the 234 preceding sentence, Seller extends and intends no warranty and makes no representation of any type, either 235 express or implied, as to the physical condition or history of the Property. Except as otherwise disclosed in 235 writing Seller has received no written or verbal notice from any governmental entity or agency as to a 237 currently uncorrected building, environmental or safety code violation. 238 PROPERTY MAINTENANCE, CONDITION, INSPECTIONS AND EXAMINATIONS 239 11. PROPERTY MAINTENANCE: Except for ordinary wear and tear and Casualty Loss, Seller shall maintain the 240 Property, including, but not limited to, lawn, shrubbery, and pool, in the condition existing as of Effective Date ("AS 241 IS Maintenance Requirement"). 242 12. PROPERTY INSPECTION; RIGHT TO CANCEL: 243* (a) PROPERTY INSPECTIONS AND RiGHT TO CANCEL: Buyer shall have (if left blank, then 15) 244 days after Effective Date ('Inspection Period") within which to have such inspections of the Property 245 performed as Buyer shall desire during the Inspection Period. If Buyer determines, in Buyer's sole 245 discretion, that the Property is not acceptable to Buyer, Buyer may terminate this Contract by 247 delivering written notice of such election to Seller prior to expiration of Inspection Period. If Buyer 248 timely terminates this Contract, the Deposit paid shall be returned to Buyer, thereupon, Buyer and 249 Seller shall be released of all further obligations under this Contract; however, Buyer shall be 250 responsible for prompt payment for such inspections, for repair of damage to, and restoration of, the 251 Property resulting from such inspections, and shall provide Seller with paid receipts for all work done 252 on the Property (the preceding provision shall survive termination of this Contract). Unless Buyer 253 exercises the right to terminate granted herein, Buyer accepts the physical condition of the Property 254 and any violation of governmental, building, environmental, and safety codes, restrictions, or 255 requirements, but subject to Seller's continuing AS IS Maintenance Requirement, and Buyer shall be 255 responsible for any and all repairs and improvements required by Buyer's lender. 257 (b) WALK-THROUGH INS PECTIONIRE-INSPECTION: On the day prior to Closing Date, or on Closing Date 258 prior to time of Closing, as specified by Buyer, Buyer or Buyer's representative may perform a walk-through 259 (and follow-up walk-through, if necessary) inspection of the Property solely to confirm that all items of ?50 Personal Property are on the Property and to verify that Seller has maintained the Property as required by the 251 AS IS Maintenance Requirement and has met all other contractual obligations. 252 (c) SELLER ASSISTANCE AND COOPERATION IN CLOSE-OUT OF BUILDING PERMITS: If Buyer's 253 inspection of the Property identifies open or needed building permits, then Seller shall promptly deliver to 254 Buyer all plans, written documentation or other information in Seller's possession, knowledge, or control 255 relating to improvements to the Property which are the subject of such open or needed Permits, and shall 255 promptly cooperate in good faith with Buyer's efforts to obtain estimates of repairs or other work necessary to 257 resolve such Permit issues. Seller's obligation to cooperate shall Include Seller's execution of necessary 258 authorizations, consents, or other documents necessary for Buyer to conduct inspections and have estimates 269 of such repairs or work prepared, but in fulfilling such ob'igation, Seller shall not be required to expend, or 213 become obligated to expend, any money. Buyer's in teals Page 5 of 1,2 Setter's initials c o . aReaitors,F.!ur daBar-AS1S-4 Rev 9/15 Z� 20! 5 Flo{ da Reai orsrk) an-o Tµ,e F :,r,da Bar Al. gals eserve � If 271 (d) ASSIGNMENT OF REPAIR AND TREATMENT CONTRACTS ANDWARRANTIES: At Buyer's option and 272 cost, Seller will, at Closing, assign all assignable repair, treatment and maintenance contracts and warranties 273 to Buyer 274 ESCROW GENT AND BROKER 275 13. ESCROW AGENT: Any Closing Agent or Escrow Agent (collectively "Agent") receiving the Deposit, other funds 276 and other items is authorized, and agrees by acceptance of them, to deposit them promptly, hold same in escrow 277 within the State of Florida and, subject to COLLECTION, disburse them in accordance with terms and conditions 278 of this Contract. Failure of funds to become COLLECTED shall not excuse Buyer's performance When conflicting 279 demands for the Deposit are received, or Agent has a good faith doubt as to entitlement to the Deposit, Agent 280 may take such actions permitted by this Paragraph 13, as Agent deems advisable. If in doubt as to Agent's duties 281 or liabilities under this Contract, Agent may, at Agent's option, continue to hold the subject matter of the escrow 282 until the parties agree to its disbursement or until a final judgment of a court of competent jurisdiction shall 283 determine the rights of the parties, or Agent may deposit same with the clerk of the circuit court Raving jurisdiction 284 of the dispute. An attorney who represents a party and also acts as Agent may represent such party in such 2e5 action. Upon notifying all parties concerned of such action, all liability on the part of Agent shall fully terminate, 296 except to the extent of accounting for any items previously delivered out of escrow. If a licensed real estate 297 broker, Agent will comply with provisions of Chapter 475, F.S., as amended and FREC rules to timely resolve gas escrow disputes through mediation, arbitration, interpleader or an escrow disbursement order. 289 Any proceeding between Buyer and Seller wherein Agent is made a party because of acting as Agent hereunder, 290 or in any proceeding where Agent interpleads the subject matter of the escrow, Agent shall recover reasonable 291 attorney's fees and costs incurred, to be paid pursuant to court order out of the escrowed funds or equivalent. 292 Agent shall not be liable to any party or person for mis-delivery of any escrowed items, unless such mis-delivery is 293 due to Agent's willful breach of this Contract or Agent's gross negligence. This Paragraph 13 shall survive Closing 294 or termination of this Contract. 295 14. PROFESSIONAL ADVICE; BROKER LIABILITY: Broker advises Buyer and Seller to verify Property condition, 296 square footage, and all other facts and representations made pursuant to this Contract and to consult appropriate 297 professionals for legal, tax, environmental, and other specialized advice concerning matters affecting the Property 298 and the transaction contemplated by this Contract. Broker represents to Buyer that Broker does not reside on the 299 Property and that all representations (oral, written or otherwise) by Broker are based on Seller representations or 300 public records. BUYER AGREES TO RELY SOLELY ON SELLER, PROFESSIONAL INSPECTORS AND 301 GOVERNMENTAL AGENCIES FOR VERIFICATION OF PROPERTY CONDITION, SQUARE FOOTAGE AND 302 FACTS THAT MATERIALLY AFFECT PROPERTY VALUE AND NOT ON THE REPRESENTATIONS (ORAL, 303 WRITTEN OR OTHERWISE) OF BROKER. Buyer and Seller (individually, the "Indemnifying Party") each 304 individually indemnifies, holds harmless, and releases Broker and Broker's officers, directors, agents and 305 employees from all liability for loss or damage, including all costs and expenses, and reasonable attorney's fees 306 at all levels, suffered or incurred by Broker and Broker's officers, directors, agents and employees in connection 307 with or arising from claims, demands or causes of action instituted by Buyer or Seller based on: (i) inaccuracy of S09 information provided by the Indemnifying Party or from public records; (ii) Indemnifying Party's misstatement(s) or 309 failure to perform contractual obligations; (iii) Broker's performance, at Indemnifying Party's request, of any task 310 beyond the scope of services regulated by Chapter 475, F S , as amended, including Broker's referral, 5i1 recommendation or retention of any vendor for, or on behalf of Indemnifying Party; (iv) products or services 312 provided by any such vendor for, or on behalf of, Indemnifying Party; and (v) expenses incurred by any such 313 vendor. Buyer and Seller each assumes full responsibility for selecting and compensating their respective vendors 314 and paying their other costs under this Contract whether or not this transaction closes. This Paragraph 14 will not 315 relieve Broker of statutory obligations under Chapter 475, F.S., as amended For purposes of this Paragraph 14, 315 Broker will be treated as a party to this Contract. This Paragraph 14 shall survive Closing or termination of this 317 Contract. 318 DEFAULT AND DISPUTE RESOLUTION 3-9 15. DEFAULT: 320 (a) BUYER DEFAULT: If Buyer fails, neglects or refuses to perform Buyer's obligations under this Contract, 32' Including payment of the Deposit, within the time(s) specified, Seller may elect to recover and retain the 322 Deposit for the account of Seller as agreed upon Liquidated damages, consideration for execution of this 323 Contract, and in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 324 obligations under this Contract, or Sei'''er, at Seller's option, may, pursuant to Paragraph 16, proceed in equity 325 to enforce Seller's rights under this Contract. The portion of the Deposit, .if any, paid to Listing Broker upon Buyer's tnitfais Page 6 of 12 Seker's in:dais or,daReaftors/FloridaBar-ASIS-4 Rev 9/' 5 v 2015 F oriaa Rea torso arrd T.e Fror da Bar Ai' sg:;rs resbirved :26 default by Buyer, shall be split equally between Listing Broker and Cooperating Broker; provided however, 327 Cooperating Broker's share shall not be greater than the commission amount Listing Broker had agreed to 328 pay to Cooperating Broker. 329 (b) SELLER DEFAULT: If for any reason other than failure of Seller to make Seller's title marketable after 330 reasonable diligent effort, Seller fails, neglects or refuses to perform Seller's obligations under this Contract, 331 Buyer may elect to receive return of Buyer's Deposit without thereby waiving any action for damages resulting 332 from Seller's breach, and, pursuant to Paragraph 16, may seek to recover such damages or seek specific 333 performance. 334 This Paragraph 15 shall survive Closing or termination of this Contract 335 16. DISPUTE RESOLUTION: Unresolved controversies, claims and other matters in question between Buyer and 336 Seller arising out of, or relating to, this Contract or its breach, enforcement or interpretation ("Dispute") will be 337 settled as follows: 338 (a) Buyer and Seller will have 10 days after the date conflicting demands for the Deposit are made to attempt to 339 resolve such Dispute, failing which, Buyer and Seller shall submit such Dispute to mediation under Paragraph 340 16(b). 341 (b) Buyer and Seller shall attempt to settle Disputes in an amicable manner through mediation pursuant to Florida 342 Rules for Certified and Court -Appointed Mediators and Chapter 44, F.S., as amended (the "Mediation Rules"). 343 The mediator must be certified or must have experience in the real estate industry. injunctive relief may be 344 sought without first complying with this Paragraph 16(b), Disputes not settled pursuant to this Paragraph 16 345 may be resolved by instituting action in the appropriate court having jurisdiction of the matter This Paragraph 346 16 shall survive Closing or termination of this Contract. 347 17. ATTORNEY'S FEES; COSTS: The parties will split equally any mediation fee incurred in any mediation permitted 348 by this Contract, and each party will pay their own costs, expenses and fees, including attorney's fees, incurred in 349 conducting the mediation. In any litigation permitted by this Contract, the prevailing party shall be entitled to 350 recover from the non -prevailing party costs and fees, including reasonable attorney's fees, incurred in conducting 351 the litigation. This Paragraph 17 shall survive Closing or termination of this Contract. 352 STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") 353 18. STANDARDS: 354 A. TITLE: 355 (i) TITLE EVIDENCE; RESTRICTIONS; EASEMENTS; LIMITATIONS: Within the time period provided in 356 Paragraph 9(c), the Title Commitment, with legible copies of instruments listed as exceptions attached thereto, 357 shall be issued and delivered to Buyer. The Title Commitment shall set forth those matters to be discharged by 358 Seller at or before Closing and shall provide that, upon recording of the deed to Buyer, an owner's policy of title 359 insurance in the amount of the Purchase Price, shall be issued to Buyer insuring Buyer's marketable title to the 360 Real Property, subject only to the following matters: (a) comprehensive land use plans, zoning, and other land 361 use restrictions, prohibitions and requirements imposed by governmental authority; (b) restrictions and matters 362 appearing on the Plat or otherwise common to the subdivision; (c) outstanding oil, gas and mineral rights of 363 record without right of entry; (d) unplatted public utility easements of record (located contiguous to real property 364 lines and not more than 10 feet in width as to rear or front lines and 7 112 feet in width as to side lines); (e) taxes 365 for year of Closing and subsequent years; and (f) assumed mortgages and purchase money mortgages, if any (if 366 additional items, attach addendum): provided, that, none prevent use of Property for RESIDENTIAL PURPOSES. 367 If there exists at Closing any violation of items identified in (b) — (f) above, then the same shall be deemed a title 366 defect. Marketable title shall be determined according to applicable Title Standards adopted by authority of The 369 Florida Bar and in accordance with law. 370 (ii) TITLE EXAMINATION: Buyer shall have 5 days after receipt of Title Commitment to examine it and notify 37, Seller in writing specifying defect(s), if any, that render title unmarketable. If Seller provides Title Commitment and 372 it is delivered to Buyer less than 5 days prior to Closing Date, Buyer may extend Closing for up to 5 days after 37� date of receipt to examine same in accordance with this STANDARD A. Seller shall have 30 days ('Cure Period') 374 after receipt of Buyer's notice to take reasonable diligent efforts to remove defects. If Buyer fails to so notify 375 Seller, Buyer shall be deemed to have accepted title as it then is. If Seller cures defects within Cure Period, Seller 376 wail deliver written notice to Buyer (with proof of cure acceptable to Buyer and Buyer's attorney) and the parties s77 will close this Contract on Closing Date (or if Closing Date has passed, within 10 days after Buyer's receipt of 378 Seller's notice). If Seller is unable to cure defects within Cure Period, then Buyer may, w thin 5 days after 379 expiration of Cure Period, deliver written notice to Seller: (a) extending Cure Period for a specified period not to s80 exceed 120 days within which Seller steal[ continue to use reasonable diligent effort to remove or cure the defects 3s1 ("Extended Cure Period" ); or (b) electing to accept title with existing defects and close this Contract on Closing 7 fir, Buyer's o tEats Page 7 of 12 Se ier s 6ruat* ELft]E�l F oduaRea itors;FioridaBar-AS,S-4 Rev 9115 (f-) 2015 FFor,da Reaitorsg) and Tfi,e Fionda Bar A,I rights reserve;ti STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") CONTINUED 382 Date (or if Closing Date has passed, within the earlier of 10 days after end of Extended Cure Period or Buyer's 383 receipt of Seller's notice), or (c) electing to terminate this Contract and receive a refund of the Deposit, thereby sea releasing Buyer and Seller from all further obligations under this Contract. If after reasonable diligent effort, Seller 385 is unable to timely cure defects, and Buyer does not waive the defects, this Contract shall terminate, and Buyer 386 shall receive a refund of the Deposit, thereby releasing Buyer and Seller from all further obligations under this 387 Contract. 388 B. SURVEY: If Survey discloses encroachments on the Real Property or that improvements located thereon 389 encroach on setback lines, easements, or lands of others, or violate any restrictions, covenants, or applicable 390 governmental regulations described in STANDARD A (iNa), (b) or (d) above, Buyer shall deliver written notice of 391 such matters, together with a copy of Survey, to Seller within 5 days after Buyer's receipt of Survey, but no later 392 than Closing. If Buyer timely delivers such notice and Survey to Seller, such matters identified in the notice and 393 Survey shall constitute a title defect, subject to cure obligations of STANDARD A above. if Seller has delivered a 394 prior survey, Seller shall, at Buyer's request, execute an affidavit of "no change" to the Real Property since the 395 preparation of such prior survey, to the extent the affirmations therein are true and correct. 396 C. INGRESS AND EGRESS: Seller represents that there is ingress and egress to the Real Property and title to 397 the Real Property is insurable in accordance with STANDARD A without exception for lack of legal right of 398 access. 399 D. LEASE INFORMATION: Seller shall, at least 10 days prior to Closing, furnish to Buyer estoppel letters from 400 tenant(s)/occupant(s) specifying nature and duration of occupancy, rental rates, advanced rent and security 401 deposits paid by tenant(s) or occu pant(s) ("Estoppel Letter(s)"). If Seller is unable to obtain such Estoppel Letter(s) 402 the same information shall be furnished by Seller to Buyer within that time period in the form of a Seller's affidavit 403 and Buyer may thereafter contact tenant(s) or occupant(s) to confirm such information. If Estoppel Letter(s) or A04 Seller's affidavit, if any, differ materially from Seller's representations and lease(s) provided pursuant to 405 Paragraph 6, or if tenant(s)/occupant(s) fail or refuse to confirm Seller's affidavit, Buyer may deliver written notice 406 to Seller within 5 days after receipt of such information, but no later than 5 days prior to Closing Date, terminating 407 this Contract and receive a refund of the Deposit, thereby releasing Buyer and Seller from all further obligations 408 under this Contract. Seller shall, at Closing, deliver and assign all leases to Buyer who shall assume Seller's 409 obligations thereunder. 410 E. LIENS: Seller shall furnish to Buyer at Closing an affidavit attesting (i) to the absence of any financing 411 statement, claims of lien or potential lienors known to Seller and (ii) that there have been no improvements or 412 repairs to the Real Property for 90 days immediately preceding Closing Date. If the Real Property has been 413 improved or repaired within that time, Seller shall deliver releases or waivers of construction liens executed by all 414 general contractors, subcontractors, suppliers and materialmen in addition to Seller's lien affidavit setting forth 415 names of all such general contractors, subcontractors, suppliers and materialmen, further affirming that all 416 charges for improvements or repairs which could serve as a basis for a construction lien or a claim for damages 417 have been paid or will be paid at Closing. 418 F. TIME: Calendar days shall be used in computing time periods. Time is of the essence in this Contract. 419 Other than time for acceptance and Effective Date as set forth in Paragraph 3, any time periods provided for or ago dates specified in this Contract, whether preprinted, handwritten, typewritten or inserted herein, which shall end or 421 occur on a Saturday, Sunday, or a national legal holiday (see 5 U S C 6103) shall extend to 5:00 p.m (where the 422 Property is located) of the next business day 423 G. FORCE AJEU E: Buyer or Seller shall not be required to perform any obligation under this Contract or be 424 liable to each other for damages so long as performance or non-performance of the obligation is deiayed, caused 425 or prevented by Force Majeure. "ForceMajeure" means: hurricanes, earthquakes, floods, fire, acts of God, 426 unusual transportation delays, wars, insurrections, and acts of terrorism, and which, by exercise of reasonable 427 dii,igent effort, the non -performing party is unable in whole or in part to prevent or overcome. All time periods, 428 including Closing Date, will be extended for the period that the Force Majeure prevents performance under this 429 Contract, provided, however, if such Force Majeure continues to prevent performance under this Contract more 430 than 14 days beyond Closing Date, then either party may terminate this Contract by delivering written notice to 437 the Other and the Deposit shall be refunded to Buyer, thereby releasing Buyer and Seiler from ail further 432 obligations under this Contract m 33 H. CONVEYANCE: Seller shall convey marketable title to the Real Property by statutory warranty, trustee's, ,,34 personal representative's, or guardian's deed, as appropriate to the status of Seller, subject only to matters ..35 described in STANDARD A and those accepted by Buyer. Personal Property shall, at request of Buyer, be 436 transferred by absolute bii of sale with warranty of title, subject only to such matters as may be provided for in 437 this Contract e38 1. CLOSING LOCATION; DOCUMENTS; AND PROCEDURE: Buyer's Ir t i s Page 8 or 12 Se ier's i tia% ED = oridaReaitorsrFioridaBar-AS9S-4 Rev 9.15 2015 Fior ,�a Reaitors'b ano ; re P'or; as Bar M rights reserved A STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") CONTINUED 439 (i) LOCATION: Closing will take place in the county where the Real Property is located at the office of the 440 attorney or other closing agent ("Closing Agent") designated by the party paying for the owner's policy of title 441 insurance, or, if no title insurance, designated by Seller, Closing may be conducted by mail or electronic means. 442 (ii) CLOSING DOCUMENTS: Seiler shall at or prior to Closing, execute and deliver, as applicable, deed, bill of 443 sale, certificate(s) of title or other documents necessary to transfer title to the Property, construction lien 444 affidavit(s), owner's possession and no lien affidavit(s), and assignment(s) of leases. Seller shall provide Buyer 445 with paid receipts for all work done on the Property pursuant to this Contract Buyer shall furnish and pay for, as 446 applicable the survey, flood elevation certification, and documents required by Buyer's tender. 447 (iii) PROCEDURE: The deed shall be recorded upon COLLECTION of all closing funds. If the Title Commitment 44e provides insurance against adverse matters pursuant to Section 627.7841, F.S., as amended, the escrow closing 449 procedure required by STANDARD J shall be waived, and Closing Agent shall, subject to COLLECTION of all. 450 closing funds, disburse at Closing the brokerage fees to Broker and the net sale proceeds to Seller. 451 J. ESCROW CLOSING PROCEDURE: If Title Commitment issued pursuant to Paragraph 9(c) does not provide 452 for insurance against adverse matters as permitted under Section 627.7841, F.S., as amended, the following 453 escrow and closing procedures shall apply: (1) all Closing proceeds shall be held in escrow by the Closing Agent 454 for a period of not more than 10 days after Closing; (2) if Seller's title is rendered unmarketable, through no fault 455 of Buyer, Buyer shall, within the 10 day period, notify Seller in writing of the defect and Seller shall have 30 days 456 from date of receipt of such notification to cure the defect; (3) if Seller fails to timely cure the defect, the Deposit 457 and all Closing funds paid by Buyer shall, within 5 days after written demand by Buyer, be refunded to Buyer and, 458 simultaneously with such repayment, Buyer shall return the Personal Property, vacate the Real Property and re- 459 convey the Property to Seller by special warranty deed and bill of sale; and (4) if Buyer fails to make timely 460 demand for refund of the Deposit, Buyer shall take title as is, waiving all rights against Seller as to any intervening 461 defect except as may be available to Buyer by virtue of warranties contained in the deed or bill of sale, 462 K. PRORATIONS; CREDITS: The following recurring items will be made current (if applicable) and prorated as 463 of the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 464 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 465 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if 466 assumable, in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may 467 be required by prorations to be made through day prior to Closing Advance rent and security deposits, if any, will 46e be credited to Buyer. Escrow deposits held by Seller's mortgagee will be paid to Seller. Taxes shall be prorated 469 based on current year's tax with due allowance made for maximum allowable discount, homestead and other 470 exemptions If Closing occurs on a date when current year's millage is not fixed but current year's assessment is 471 available, taxes will be prorated based upon such assessment and prior year's millage. If current year's 472 assessment is not available, then taxes will be prorated on prior year's tax. If there are completed improvements 473 on the Real Property by January 1st of year of Closing, which improvements were not in existence on January 151 474 of prior year, then taxes sha:I be prorated based upon prior year's millage and at an equitable assessment to be 475 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 476 informal assessment taking into account available exemptions. A tax proration based on an estimate shall, at 477 either party's request, be readjusted upon receipt of current year's tax bill. This STANDARD K shall survive 478 Closing 479 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 480 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 461 including a walk-through (or follow-up walk-through if necessary) prior to Closing. 452 M. RISK OF LOSS: If, after Effective Date, but before Closing, Property is damaged by fire or other casualty 4e3 ("Casualty Loss") and cost of restoration (which shall include cost of pruning or removing damaged trees) does 4R4 not exceed 1.5% of Purchase Price, cost of restoration shall be an obligation of Seller and Closing shall proceed 4e5 pursuant to terms of this Contract. If restoration is not completed as of Closing, a sum equal to 125% of estimated 486 cost to complete restoration (not to exceed 1.5% of Purchase Pr=ce), will be escrowed at Closing. If actual cost of 487 restoration exceeds escrowed amount, Seller shall pay such actual costs (but, not in excess of 1.5% of Purchase 458 Price). Any unused portion of escrowed amount shall be returned to Seller. If cost of restoration exceeds 1.5% of 489 Purchase Price, Buyer shall elect to either take Property "'as is" together with the 1 5%, or receive a refund of the 490 Deposit, thereby releasing Buyer and Seller from all further obligations under this Contract Seller's sole obligation 4 9 -; with respect to tree damage by casualty or other natural occurrence shall be cost of pruning or removal. 492 N. 1031 EXCHANGE: If either Seller or Buyer wish to enter into a ike-kind exchange (either simultaneously with 493 Closing or deferred) under Section 1031 of the €ntemal Revenue Code ('Exchange"), the other party shall 494 cooperate in ail reasonable respects to effectuate the Exchange, :including execution of documents; provided, Y Page 9 of 12 Seller's ;nsi ais rc:•idaRealtors/F!or€daBar-ASlS-4 Rev 9,15 ,. 2015 Fonda Rea :ors(a and T-,e F:o,ida 631 At' r,gei s reserved STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") CONTINUED 495 however, cooperating party shall incur no liability or expense related to the Exchange, and Closing shall not be 496 contingent upon, nor extended or delayed by, such Exchange. 497 O. CONTRACT NOT RECORDABLE; PERSONS BOUND; NOTICE; DELIVERY; COPIES; CONTRACT 496 EXECUTION: Neither this Contract nor any notice of it shall be recorded in any public records. This Contract shall 499 be binding on, and inure to the benefit of, the parties and their respective heirs or successors in interest. 500 Whenever the context permits, singular shall include plural and one gender shall include all. Notice and delivery 501 given by or to the attorney or broker (including such broker's real estate licensee) representing any party shall be 502 as effective as if given by or to that party All notices must be in writing and may be made by mail, personal 503 delivery or electronic (including "pdf') media. A facsimile or electronic (including "pdf') copy of this Contract and 504 any signatures hereon shall be considered for all. purposes as an original. This Contract may be executed by use 505 of electronic signatures, as determined by Florida's Electronic Signature Act and other applicable laws. sob P. INTEGRATION; MODIFICATION: This Contract contains the full and complete understanding and agreement 507 of Buyer and Seiler with respect to the transaction contemplated by this Contract and no prior agreements or 608 representations shall be binding upon Buyer or Seller unless included in this Contract. No modification to or 509 change in this Contract shall be valid or binding upon Buyer or Seller unless in writing and executed by the parties 510 intended to be bound by it 511 Q.WAIVER: Failure of Buyer or Seller to insist on compliance with, or strict performance of, any provision of this 512 Contract, or to take advantage of any right under this Contract, shall not constitute a waiver of other provisions or 5.3 rights 5^4 R. RIDERS; ADDENDA; TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Riders, addenda, and typewritten 515 or handwritten provisions shall control ail printed provisions of this Contract in conflict with them. 516 S. COLLECTION or COLLECTED: "COLLECTION" or "COLLECTED" means any checks tendered or 517 received, including Deposits, have become actually and finally collected and deposited in the account of 516 Escrow Agent or Closing Agent. Closing and disbursement of funds and delivery of closing documents 519 may be delayed by Closing Agent until such amounts have been COLLECTED in Closing Agent's Flo accounts. 521 T. LOAN COMMITMENT: "Loan Commitment" means a statement by the lender setting forth the terms and 522 conditions upon which the lender is willing to make a particular mortgage loan to a particular borrower, Neither a 523 pre -approval letter nor a prequalification letter shall be deemed a Loan Commitment for purposes of this Contract. 524 U. APPLICABLE LAW AND VENUE: This Contract shall be construed in accordance with the laws of the State 525 of Florida and venue for resolution of all disputes, whether by mediation, arbitration or litigation, shall lie in the 526 county where the Real Property is located. 527 V. FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT ("FIRPTA"): If a seller of U.S. real property is a 528 "foreign person" as defined by FIRPTA, Section 1445 of the Internal Revenue Code requires the buyer of the real 529 property to withhold 10% of the amount realized by the seller on the transfer and remit the withheld amount to the 530 internal Revenue Service (IRS) unless an exemption to the required withholding applies or the seller has obtained 531 a Withholding Certificate from the IRS authorizing a reduced amount of withholding. Due to the complexity and 532 potential risks of FIRPTA, Buyer and Seller should seek legal and tax advice regarding compliance, particularly if 533 an "exemption" is claimed on the sale of residential property for $300,000 or less. 534 (i) No withholding is required under Section 1445 if the Seller is not a "foreign person," provided Buyer accepts 535 proof of same from Seller, which may include Buyer's receipt of certification of non -foreign status from Seller, 536 signed under penalties of perjury, stating that Seller is not a foreign person and containing Seller's name, U.S. 537 taxpayer identification number and home address (or office address, in the case of an entity), as provided for in 538 26 CFR 1 1445-2(b) Otherwise, Buyer shall withhold 10% of the amount realized by Seller on the transfer and 539 timely remit said funds to the IRS. 540 l If Seller has received a Withholding Certificate from the IRS which provides for reduced or eliminated 541 withholding in this transaction and provides same to Buyer by Closing, then Buyer shall withhold the reduced 542 sum, if any required, and timely remit said funds to the IRS. 543 (ii) If prior to Closing Seller has submitted a completed application to the IRS for a Withholding Certificate and 544 has provided to Buyer the notice required by 26 CFR 1.1445-1(c) (2)(i)(B) but no Withholding Certificate has been 545 received as of Closing, Buyer shall, at Closing, withhold 10% of the amount realized by Seller on the transfer 546 and, at Buyer's option, either (a) timely remit the withheld funds to the IRS or (b) place the funds in escrow, at 547 Seller's expense, with an escrow agent selected by Buyer and pursuant to terms negotiated by the parties, to be a48 subsequently disbursed in accordance with the Withholding Certificate issued by the IRS or remitted directly to 549 the IRS if the Seller's application s rejected or upon terms set forth in the escrow agreement 550 (iv) In the event the net proceeds due Seller are not sufficient to meet the withholding requirement(s) in this 55'. ransaction, Seller shall deliver to Buyer, at Closing, the additional COLLECTED funds necessary to satisfy the Buyer's Ir ,.a Page 10 of 12 Seler's 1nvals F c,a9Raaitors/F1oridaBar-ASIS-4 Rev 9/15 D 20, 5 Florida Rea -tors(: and The F:or4da Bar A r, Its reserveo V1/lY/6V10 'I VG IL. YY rAA F'. 002 WVZ/VUJ STANDARDS FOR REAL ESTATE TRANSACTIONS ("ST D S") CONTINUED 602 applicable requirement and th&eafter Buyer shall timely remit said funds to the IRS or escrow the funds for 563 disbursement in accordance with the final determination of the IRS, as applicable, $5a (v) Upon remitting funds to the IRS pursuant to this STANDARD, Buyer shall provide Seller copies of IRS Forms 666 8288 and 8288-A, as filed. 640 W. RESERVED 667 X. BUYER WAIVER OF CLAIMS: To the extent permitted by few, Buyer waivesany cfairns agslns Seiler 6se an a ainst any reel estate licensee Involved In fire negotiation of this Contract for any damage or ddo cafect Pfid8lillng to The physic l coed/iron of die Property that may exist at Closing of this Contract an Sao be cubs uentty discovered by the Bayer or anyone claiming by, through, under ors ainat the Buyer. ser This provision does not ralleve Seller's obligation to comply with Paragraph 70U1. This standard X shall 662 survly Closing. 565 ADDENDA AND ADDITIONAL TERMS am * 19. ADDENDA: The following additional terms are included in the atteohad addenda or riders and incorporated into 666 this Contract (Check if applicable); ❑ A. Condominium Rlder ❑ K RESERVED ❑ T. Pre -Closing Occupancy Q B. Homeowners' Assn, O L. RESERVED O U. Post -Closing Occupancy [] C. Sailer Financing O M. Defective Drywall O V: Sale of 8uyer'S Property ❑ D. Mortgage Assumption O N. Coastal Construction Conlrol Line OW Back -tip Contract ❑ E. FHANA Financing O O. Insulation Disclosure © X. Kick -Cut Clause C3 F. Apptalsal Contingency 0 P. Lead Paint Disclosure (Pre-1976) ® Y Seller's Attorney Approval ❑ 0. Short sale ❑ 0. Housing for Older Persons Z. Suyer's /Alomay Approval C] H. Homeowners/Flood Ins. 0 R. Rezoning AA. Licensee Property Int st J. Inleresl-Bearing Amt. ❑ S. Lease Purchase/ Lease Option © BB. Bindinp Arbitration ado20. ADDITIONAL T1* bey Wome cou' ity As is and Sewer Addenduan srtti/r°I erf See 569 Sig 971 572 $73 974 $75 370 $77 67B 379 500 Set ael shall take place on or before 15 days after Final Monroe County Release of'1dens, shall pay $20,000. in payment of Monroe County liens payable to Monroe county at date of closing 5B3 COUNTER-OPPERiIi,EJECTION 551 ❑ Seller counters uyer's offer (to accept the counter-offer, Buyer must sign or initial the counter -offered terms and 6B6 deliver it copy of the acceptance to Seller). =ae Seller rejects Buyer's offer. 5e7 THIS IS INTENDED TO BE A LSOALLY BINDING CONTRACT, IF NOT FULLY UNDERSTOOD, SEEK THE ass ADVICE OF AN ATTORNEY PRIOR. TO SIGNING_ sso `THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR. $90 Approval of ftris form by the FloAds Realtors and The Florida Bar doss not constitute an opinion that any or the terms 691 and condlt/ons in this Contract should be accepted by the parties in a partkuiar transaction, ?-arms and conditions j�]Bvyeea *J Page 11 or 12 ',; s Il r�. • :,agar 0. t F1ev.9r16 0 2015 Florida Realtora® and Tha FMorida Bar. AH rghte 592 593 594 595 596 597* 598 599* 600 601* 602 003* should be negotiated based upon the respective interests, objectives and bargaining positions of all interested persons. AN ASTERISK (-) FOLLOWING A LINE NUMBER IN THE MARGIN INDICATES THE LINE CONTAINS A BLANK TO BE COMPLETED, Date Date: l —915- Date 1eV ....._ Date: 604 605 Buyer's address for purposes of notice Seller's address for purposes of notice 606 607 608 609 BROKER: Listing and Cooperating Brokers, if any, named below (collectively, "Broker"), are the only Brokers entitled 610 to compensation in connection with this Contract. Instruction to Closing Agent: Seller and Buyer direct Closing Agent 6411 to disburse at Closing the full amount of the brokerage fees as specified in separate brokerage agreements with the 612 parties and cooperative agreements between the Brokers, except to the extent Broker has retained such fees from the 513 escrowed funds. This Contract shall not modify any MLS or other offer of compensation made by Seller or Listing 614 Broker to Cooperating Brokers 615 * Marvann Warren Fran Fierbenik 616 Cooperating Sales Associate, if any Listing Sales Associate 617 * Coldwell Banker Schmitt R.E. Coldwell Banker Schmitt R.E. 618 Cooperating Broker, if any Listing Broker Buyer's'ricias 2�Z Page 12 of 12 I .—.. Seller's Initials F o daRea,;ors/FlofidaBar-ASIS-4 Rev 9i15 c 2015 F or da Realtors,--. and T'1e F.onta Bar A'! ghts eserved 0 PO Box 477 - Knoxville, TN 37901 Phone: 00-955-0021 Fax:866-231-4850 LS: 220 Hours of Operation Monday — Thursday: 8:00 am to 9:00 pm EST Friday: 8:00 am to 8:00 pm EST January 19, 2016 Kevin Hardy 350 Palomino Dr Salisbury, NC 28146 Re: Account 406157 Property Address: 537 Plante St, Key Largo, FL 33037 Dear Kevin Hardy, Please accept this as confirmation that 21st Mortgage will approve an extension on the current short sale offer on the aforementioned account based on the terms below. The terms upon which this approval is contingent include the following: 1. 215t Mortgage must receive minimum total net proceeds of $232,700.00, based on a sale price of $250,166.32. 2. Sellers are to net zero. 3. Amount to secondary lien holder(s) total of $0.00. 4. Realtor Commission of $15,009.98. 5. Taxes, State Tax Stamps, and Recording Fees totaling $1,651.97, 6. Other Settlement Charges totaling $797.37. 7. Net proceeds must be received on or before 3/19/16. 8. HUD-1 Settlement Statement or Closing Disclosure and approval letter from the subordinate lien holder(s), if applicable, MUST be faxed 48 hours before closing for approval. Please fax to (866)231-4650 attn: Tiffany Bryan. 9. PROCEEDS MUST BE SENT VIA CERTIFIED FUNDS TO: 219T Mortgage Corporation 620 Market Street, One Centre Square Knoxville, Tennessee 37902 10. A copy of the certified funds receipt, final HUD-1 Settlement Statement or Closing Disclosure, this short sale letter, and any applicable promissory notes must be FAXED to our office at (866)231-4850 attn: Tiffany Bryan within 24 hours of closing. Please alson to the following: If any of the previous terms are not met, the Net Proceeds will not he accepted and e satisfaction will be delayed at your expense. Page 9 of o If we receive additional information on the account that would affect our original decision, we reserve the right to withdraw the approval for the acceptance of a short payoff. Twenty one days after 21st Mortgage Corporation receives the approved funds, it will submit the lien release documents to the County to be recorded. A short sale will result in some portion of the outstanding balance and/or unpaid interest on your loan to be written off. This may have tax consequences to you, and we encourage you to contact a tax professional to discuss any questions you may have. Upon completion of the short sale and when we next report the terms and status of your loan to the credit bureaus, we will report that your loan is paid and settled for less than the total amount due unless it's prohibited due to bankruptcy regulations and/or state law. If you have any questions, feel free to contact your representative at 1-800-955-0021 ext.1326. Please note, failure to make your loan payments during the loss mitigation process will result in the accrual of late fees as well as negative credit reporting where allowed by applicable law. This is neither a demand for payment of a debt nor a notice of personal liability to any recipient whose debt might have been discharged in bankruptcy or who might be subject to automatic stay pursuant to the United States Bankruptcy Code. However, 21st Mortgage needs to learn your intentions concerning the subject property. Regular payments in accordance with the payment schedule in the loan agreement are recommended if you wish to retain possession of the property even though you are not personally liable for any debt or loan that previously related to the property. The lien on the property is still valid under applicable law without a debt or loan accompanying the lien. Sincerely, Tiffany Bryan 21st Mortgage Corporation If you believe the loss mitigation request has been wrongly denied you may take the following actions: For North Carolina residents, you may file a complaint with the North Carolina Office of the Commissioner of Banks website, ,n;;cob.gov. For New York residents, you may Me a complaint with the New York State Department of Financial Services at 1-800-342-3736 or <fs.nv.eo „ For Hawaii residents, you may file a complaint with the state division of financial istf tution at 08-586-282 or h :l.ca.fza atim v / le-a®co nl irxtf. Customer Inquiries - For customers whose loan is secured by real property, inquiries under RESPA regarding possible errors in the servicing of your loan or requests for information must be sent to: 216t Mortgage Corporation Customer Inquiries 620 Market Street, Suite 10 Knoxville, TN 3792 Page 2 of 3 ** PLEASE TAKE NOTICE ** This is an attempt to collect a debt and any information obtained will be used for that purpose. Please be advised further that this letter constitutes neither demand for payment of the captioned debt nor a notice of personal liability to any recipient hereof who might have received a discharge of such debt in accordance with applicable bankruptcy laws or who might be subject to automatic stay of Section 362 of the United States Bankruptcy Code. The Department of Housing and Urban Development (HUD) has approved certain experienced counseling organizations to provide home ownership counseling to qualified borrowers. Home ownership counseling is available free of charge. You may obtain a list of HUD Approved Counseling Agencies by calling toll free 1-800-569-4287. You should contact one of the HUD Counseling Agencies or your local HUD office for more information about these counseling services. For Colorado residents, please note 21st Mortgage's Colorado office phone number is (970) 475-0008, and its office address is 455 W. Service Road; Evans, CO 80620. PLEASE SEND PAYMENTS TO: PO Box 148; Memphis, TN 38101. For Tennessee residents, 21+t Mortgage is licensed by the Collection Service Board of the Department of Commerce and Insurance. gage 3 of CH Ti REAL ESTATE CO. CENTRAL SEWAGE DISCLOSURE The undersigned parties acknowledge that all areas of the Florida Keys have been mandated to upgrade to central sewage disposal systems. To obtain the latest information concerning areas certified for central sewage and the assessment which varies by location contact: Upper Keys: Key Largo Wastewater Treatment District located at 9880 Overseas Hwy., Key Largo, FL 33037, 305-451-4019, or log on LWTD.c m. Islamorada: Isiamorada Utilities Manager 305-664-2345 or log on _ Js1a r da. l..u�. Marathon: 100 5-55 Overseas Highway, Marathon, FL 33050, 305-743-0033 or log on www.ci.marathon.fL . Key Colony Beach 600 W Ocean Dr, Key Colony Beach, FL 3351, 305-289-0819 or log on vvwwkeycq1onvbeach,net. Unincorporated Monroe County: Wastewater Department located in Key Largo at 102050 Overseas Hwy, 33037, Ph- 305- 53-8795 or Key West at 1100 Simonton St. 33040, Ph: 305-292-4426 or log on ww r ecourt l M, The City of Layton completed conversion of all properties to a central sewaee system in 2005. 537 Plante Street, Key Laygo, FL The Property subject to this contract at.- _ is currently served by a local Government Operated Central Sewage System 0 Yes El No and Has 11 or Has Not 0 completed the required lateral inspection and testing. If No or Has Not completed the required lateral Inspection and testing, then in regard to the sewage treatment for the property subject to this Contract, the Parties agree to apportion the expenses at closing as follows: RESPONSIBLE PARTY (Please check or initial) BUYERL Payment for system development fee (if payment is by installments, and "Buyer" is selected, installments for current year shall be prorated to date of closing.) Connection of interior plumbing to central sewage system Destruction and/or removal of existing sewage disposal system (cesspit, septic tank, aerobic system) Payment for inspection and testing of laterals t .247 I F R DATE �ELLERDATE 1 BUYER GATE SELLER DATE Revised Feb 2013 f E TH 2329 `. M. J. :ff 1 ) 24 6 6 CAURIODEAN514 ' F -51 CAPITAL BANK 7 Coral Reef Tithe Company BUYER'S AND SELLER'S COMBINED CLOSING STATEMENT 3, Type of Loan -0:lv U, �n$, 6. F,le Number 7. Lcan ,,.,Pber B. Mortgage insurance Case Number 10-6907 C. Note: Th 8 form Ss furnished to give you a statement of actual settlement costs Amounts paid to and by the settlement agent are shown. Items Marked "Ip O.0 r were Dald outside the cl,Iq ', C-ey are shown here for information P,,'nlnes and are notrncluded in the totals. D Name and Address of Buyer E. Name and Address of Seller F. Name and Address of Lender M'chael John Smith Kevin L Hardy Derma Mae Smith 350 Palomino Dr 5'5 Cariobean Blvd- Saflsbury,.N, Carolina 28146 Key Largo, FL 33037 G. Property Location H. Settlement Agent 637 Plante Street Cora'i Reef Title Company Key Largo, FL 33037 100360 Overseas 1+"V Lots 28 and 29, and 30 Block 3 Place of Settlement 1, Settlement Date South Creek Village 100360 Overseas Highway Monroe PO Box 1543 01/29110 Kfi, ¢ mryo FL 33037 DD: 01129/16 J SUMMARY OF BUYERS TRANSACTION X. SUMMARY OF SELLER'S TRANSACTION. Alr ROSS AMOUNT DUE FROM BUYER 4(k) GROSS AMOUNT DUE 70SELLER 101 "t'art pie 1(,& a`.. 401 Contract set 'puce ec 166.32 pemonal Im, perry 402. Personal pw"'Drty allivniem d etc �A:s to Iraye, 1"Tie rat s 694.16 403, 404, 15 405. Adjustments foraerns paid by nailer In advance Adjustments for items paid by sailer in advance 06. 406. Fc 107. County taxes o 407 Ccx, ry I 108. Solid daSgs fv s5te q tcti 0112W016 to 469.90 408. So,W to 109. 409. 110, t'["Ni to p:ny E. es <'gnsir'q cost 232.60 410 buyet to Day excess Vo&nq cost 111 Monroe Cvhlf 4 Lwea 20.000.00 411 '12 412. 120, GROSS AMOUNT DUE FRoM 13uyF;,t 4s3o,3 420. GROSS AMOUNT DUE TO SELLER Z50,398 92 200. AMOUNTS PAID BY OR IN BEHALF OF BUYER 500 REDUCTIONS IN AMOUNT TO SELLER 201, or earnest money 0.000.00 501. Excess oepo%t +seo insrrucd,nt) 202 vtil amount of now kani,-si 502. Settlement charges to sailer (Una 1400) 203 503. Existing loans taken subject to 17 436 38 :'C 504. Payoff of first mortgage loan '32.700 00 205. (5 506 '07. 2012 Tarqlble Tax 08962417 "a. ya 116 508. 509. 210 Adjustments for itamm, unpA,d by salter Adjustments for items unpaid by sailer to 21' l'outity lanes 16 5 11 - County taxes 10 212 Ir,,,d waqPW,i3O,A1fr 1, 12 Oo'ld to 0"29 $13 514, 517 2'3 ,r T'OTAL PAJO BY t FOR BUYER 0'010 KNI TOTAL REDUCTION AMOUNT DUE BELLE R -6 9': CASH AT SETTLEMENT FROM OR TO BUYER 60D, CASH AT SETTLEMENT TO OR FROM SEt 1, f R Gto;safnaum due from buyer r?nu :72,.P3 fy,) bill. Y) -,,%amounts 0',) � v) r4,,2 Lt�z��,�w,� 79 �1,3. CASH FROM BUYER 48" 603, CASH SELLER BUYERS AND SELLERS COMBINED CLOSAG STATEMENT PAGE 2 L SETTLEMENT CHARGES, r`eNurntm 1,1.690,7 PAID FROM PAID FROM TOTAL SALESIBROKER'S COMM,SSION based on price S 250.1� 6 32 (6) is )OE, 'iii BUYER'S SELLER'S FLINDSAT FUNDS AT Dv's!o-'ol`coin r,s!7,C,f lnc7W)as[nfllows SETTLEMENT SETTLEMENT 019 98 0 ^.OldvvQll earker S 11mm Real Este e Inc $ 1:1 7`,3 CCOM SS On Va d W SeNe neni 14 P00 ,..TEMS PAYABLE IN r,0NNECTON'WJTH LOAN no C' Loan Ceiginall'o, f 03 a. Rpra'sal fee ,,04 r,ed i :epo, `0:+ Ler.dqe IL Epecli,on fee , 6 nAlq n, ?i:p '.a tun c97 "',,SUMP ion Q,'e 305 (40 ITEMS REOURED BY j_ENLIERTOSE PAID;NADVANCE 901 Interest from Jday 302 Mortgage Insurance prem um 903 Hazard wwanrepiem,ium ,404 905 1000, RESERVES DEPOSITED WITH LENDER FOR 1001 Homelownpi's insurance Imal '07. t'AlcqIGk:e insmance mo "TX, Citv pvap�ny taxes wo, 'r .Assessments W, mc, C'C4 mo, Cqv $ (1; ,,,grog, is Re':'crve for 11.1"ar& lor el,n% C. iv',uuii1jProp —axes I`Anrtg:,ty� 0 TITLE CHARGES a Coral Roof Tills tomp,ry 1102 Abstract or title search to Coral Roof Title Company 1'03 T,tle examination to 1104 T tie insurance bin far to " -5. -) - �.rurrlpni prep,ravon to 1106 Notary fees fo w1i'do4 a -vvo fleal No m,,uranr;o 1}(1OF' a; No 1-')9 -ender's, 'Vajolis '0 Dwne('s rovprag- _25':, 6 —7 1 00,, ESS $6.9 60 Reissue Credit '11 '11, P +r, Chicago Title Insurance Companyny v.-IQ Coral Reef tie Company 1200, GOVERNMENT RECORDING AND TRANSFER CHARGES !"11 -ilanording `ores Deed S f0.00 --- Re eases 2153 C ssile, tawElaney r r t5ta0 4 1. In -Mortgage :hock W ADDITIONAL SETTLEMENT CHARGES !"Urvey f'u • X6 015 20000 4�0. 7500 1257.40 3.28 2000 z's 50 IdUO TOTAL SETTLEMENT CHARGES lerlet or ies 103 and 502, Sections .!,find K) 38 I v , 0 a oL"'k v j