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HomeMy WebLinkAboutCRA-R-19-0006 BACKUPProperty Location 222 NW 17th Street • NW 20th St ,St -C-f5IPIWexpy (4,10 wadi) 14t St LI ruilki Current Site Conditions ADDENDUM TO CONTRACT FOR SALE AND PURCHASE (THE "AGREEMENT") BY AND BETWEEN WASHINGTON HEIGHTS, LLC, A FLORIDA LIMITED LIABILITY COMPANY AND SOUTHEAST OVERTOWN/PARKWEST COMMUNITY REDEVELOPMENT AGENCY THIS ADDENDUM is made and entered into as of the ES day of ' , 2018, by and between WASHINGTON HEIGHTS, LLC (the "Seller") and SOUTHEAST OVERTOWN/PARKWEST COMMUNITY REDEVELOPMENT AGENCY (the "Buyer"). 1. Inspection. A. Seller grants to Buyer and its agents, as well as contractors employed by or hired by Buyer, the right to enter the Property during normal business hours to do and perform such reasonable acts and things as Buyer deems necessary or appropriate, to make soil tests, borings, engineering studies, environmental tests, surveys and conduct any other tests and studies that Buyer deems appropriate. Buyer agrees to repair or restore promptly any damage to the Property caused by Buyer, its agents and contractors and restore same to its original condition. Buyer agrees to pay for all such work, labor and services that shall be performed and to obtain waivers of lien or paid bills therefore and shall indemnify and hold Seller harmless from any claims of any such persons. This provision shall survive the termination of the Agreement. B. Buyer shall have thirty (30) days from the Effective Date (the "Inspection Period") to inspect any and allmatters concerning the Property which Buyer, in Buyer's sole discretion, deems significant, including, without imitation environmental matters, the condition of the improvements, soil conditions, ingress and egress, utilities and obtain an appraisal of the Property. In the event that Buyer is not satisfied with the condition of the Property, in .Buyer's sole discretion, for any reason on or prior to the expiration of the Inspection Period, Buyer shall have the option of either: (i) waiving the condition and Closing in accordance with the terms of the Agreement without reduction in the purchase price, or (ii) canceling the Agreement by written notice to Seller given on or prior to the end of the Inspection Period, in which event the Escrow Agent shall return the Deposit to Buyer, whereupon the parties shall be released from any further obligations under the Agreement except for those obligations contained in Section 1(A). C. Except as otherwise expressly provided herein, upon the expiration of the Inspection Period, Buyer shall be deemed to have accepted the Property in its present condition and shall be deemed to represent to Seller that it has concluded whatever studies, tests and investigations Buyer desires relating to the Property and the sale shall proceed on an "AS IS" condition, except with respect to such warranties and representations set forth in this Agreement. D. Buyer and Seller agree that the Property is being sold in "AS IS" "WHERE IS" and "WITH ALL FAULTS" condition. Buyer acknowledges and agrees that: "(i) it is purchasing the Property on an "AS IS" basis based on its own independent investigation thereof; (ii) that, except as expressly set forth in this Agreement, Seller has not made any warranties, representations or guaranties, expressed, implied or statutory, written or oral, including but not limited to, any implied warranty of merchantability or fitness for any use or purpose, concerning the Property; and (iii) that Seller has not made any such warranties, representations or guaranties with regard to any governmental limitation or restriction, or the absence thereof, pertaining to the Property, or with regard to the physical condition of the Property, including latent defects, environmental conditions or subsurface soil conditions. Except as otherwise expressly provided herein, Buyer agrees that the entire risk as to the quality and performance of the Property is with the Buyer. Except as otherwise expressly provided herein, should the, Property prove defective, in any manner, Buyer and not Seller, assumes the entire cost of all necessary repairs of such defects. Except as otherwise expressly provided herein, Seller makes no representations or warranties as to any land use controls or other laws, rules, and regulations of any governmental agency having jurisdiction applicable to the Property. E. Except as required by applicable law, Buyer acknowledges and agrees that Seller shall be under no duty to make any affirmative disclosure regarding any matter which may be known to Seller or its officers, directors, contractors, agents or employees, and that it is relying solely upon its own Inspections of the Property and not upon any representations made to it by any person whomsoever. Buyer agrees that there is no obligation on the part of Seller to make any changes, alterations, or repair to the Property. Buyer agrees and acknowledges that Buyer's obligations under this. Agreement shall remain in full force and effect with Buyer having no right to delay the Closing or terminate this Agreement regardless of any facts or information learned by Buyer after the expiration of the Inspection Period, except as otherwise provided in this. Agreement. F, Seller has not made and does not make in or by this Agreement any representation or warranty about the truth, reliability, accuracy, completeness, or enforceability of any materials, reports and other information about the Property given to Buyer, if any, prepared by any person or about the qualifications or expertise of any such person, and Buyer has not relied, and is not relying, upon Seller with respect to any such materials, reports and other information which may have been provided by or on behalf of Seller or otherwise. 2. Board Approval. Buyer shall have until December 1, 2018 to obtain approval from the Board of Commissioners of the Buyer ("Board Approval") to the transaction contemplated by the Agreement. If Board Approval is not obtained by December 1, 2018 the Agreement shall be of no further force and effect and Escrow Agent shall return the Deposit to the Buyer. 3. Tenants. Seller shall delivery the Property to Buyer at Closing, free and clear of all tenancies. 4. Brokers. Buyer and Seller each represent and warrant to the other that no real estate brokers, salesmen or finders are involved in this transaction. If a claim for brokerage in connection with this transaction is made by any broker, salesman or finder claiming to have dealt through or on behalf of Buyer, Buyer shall indemnify, defend and hold Seller and its officers, directors, agents and representatives and any of the brokers, harmless from all liabilities, damages, claims, costs, fees and expenses whatsoever (including reasonable attorneys' fees and court costs) with respect to said claim for brokerage. If a claim for brokerage in connection with 2 this transaction is made by any broker, salesman or finder claiming to have dealt through or on behalf of Seller (other than the above named Broker), Seller shall indemnify, defend and hold Buyer and its officers, directors, agents and representatives and any of the brokers, harmless from all liabilities, damages, claims, costs, fees and expenses whatsoever (including reasonable attorneys' fees and court costs) with respect to said claim for brokerage. This provision shall survive the termination of this Agreement. 5. Escrow Agent. The Deposit shall be held by the Escrow Agent, in trust on the terms hereinafter set forth: 5.1. If the Closing takes place under this Agreement, the Escrow Agent shall deliver the Deposit thereon to Seller. 5.2. Subject to the provisions of Section 5.4 below, if the Agreement is terminated in accordance with the terns hereof or if the Closing does not take place under this Agreement by reason of the failure of either party to comply with its obligations hereunder, the Escrow Agent shall deliver the Deposit to the party entitled thereto in accordance with the provisions of the Agreement. 5.3. It is agreed that the duties of the Escrow Agent are only as herein specifically provided and purely ministerial in nature, and the Escrow Agent shall incur no liability whatever except for willful misconduct or gross negligence, as long as the Escrow Agent has acted in good faith. The Seller and Buyer each release the Escrow Agent from any act done or omitted to be done by the Escrow Agent in good faith in the performance of its duties hereunder. 5.4. The Escrow Agent is acting as stakeholder only with respect to the Deposit and the cash to close. If there is any valid dispute as to whether the Escrow Agent is obligated to deliver the Deposit or the cash to close or as to whom the Depositor cash to close is to be delivered, the Escrow Agent shall not make any delivery, but in such event, the Escrow Agent shall hold same until receipt by it of an authorization in writing, signed by all parties having interest in such dispute, directing the disposition of same; or in the absence of such authorization, the Escrow. Agent shall hold the Deposit and/or the cash to close until final determination of the rights of the parties in the appropriate proceedings. If such written authorization is not given or proceedings for such determination are not begun within thirty (30) days of the Closing date and diligently continued, the Escrow Agent may bring an appropriate action or proceeding to interplead the Deposit. Upon making delivery of the Deposit and/or the cash to close, the Escrow Agent shall have no further liability unless such delivery constituted willful misconduct or gross negligence. Seller acknowledges that the Escrow Agent is counsel to Buyer and can represent Buyer hereunder in the event of any dispute hereunder, concerning the Deposit and/or the cash to close or otherwise, and Seller waives any right to object to same. 6. Default. A. If Buyer, in breach of provisions of the Agreement, fails to conclude the transaction described herein, or otherwise fails to comply with any of the requirements on the part of the Buyer to be performed hereunder, and Seller is capable of performing hereunder, Seller may retain the Deposit as agreed upon and as liquidated damages as the result of such breach by the Buyer, whereupon the parties shall be released and relieved of all other and further obligations or liabilities hereunder except for the liabilities under Section 1(A) of this Addendum. It is agreed by the parties that such amount being paid to Seller is a fair and reasonable measure of the damages which will be suffered by Seller in the event of such default, the parties recognizing that Seller will, in such event, have relinquished potential offers from other parties to purchase the property, the parties recognizing that such occurrences cannot be subject to the ascertainment of any exact amount of damages. Said liquidated and agreed upon damages are, however, bona fide provisions for such and are not a penalty. B. If Seller defaults in the 'performance of its obligations under the Agreement, Buyer may elect to receive the return of the Deposit or, in the alternative, seek specific performance of the Agreement, Buyer, at Buyer's option and in Buyer's sole discretion, may waive any default by Seller and close pursuant to the Agreement. 7. Effective Date. The Effective Date of the Contract will be the date that Seller executes this Agreement and provides. Buyer with the fully executed Agreement. S. Closing Date. The Closing Date shall occur on or before March 5, 2019, time being of the essence, 9. Notice. All notices, consents, approvals, waivers and elections which any party shall be required or shall desire to make or give under the Contract shall be in writing and shall be sufficiently made when hand -delivered, telecopied, or mailed by certified mail/return receipt requested with proper postage affixed, addressed: As to Seller: As to Buyer: WASHINGTON HEIGHTS, LLC 260 NE 17th Terrance Suite 204 Miami, FL 33186 Attention: Manny Hadad Fax: Southeast Overtown/Park West Community Redevelopment Agency 819 NW 2nd Avenue Miami, FL 33136 Attention: Cornelius Shiver, Executive Director Fax: 305-679-6836 With a copy to: William R. Bloom, Esq. Holland & Knight LLP 701 Brickell Avenue, Suite 3300 Miami, FL 33131 Fax: 305-789.7799 As to Escrow Agent: William R. Bloom, Esq. Holland & Knight LLP 701 Brickell Avenue, Suite 3300 Miami, FL 33131 Fax: 305-789-7799 Or to such other address as any party hereto shall designate by like notice given to the other parties hereto. Notices, consents, approvals, waivers and elections given or made as aforesaid shall be deemed to have been given or received when hand -delivered, upon receipt of a telecopy, upon receipt or on the date delivery is refused if mailed certified mail/return receipt requested. 10. Title Evidence. Seller shall provide Buyer with a copy of an existing owner's title policy within ten (10) days of the Effective Date. 11. Ratification. Except as herein modified, Buyer and Seller hereby ratify and reaffirm all the terms and provisions of the Agreement. To the extent of a conflict between the terms and provisions of the Agreement and this Addendum, the terms and provisions of this Addendum shall control. 12. Counterparts. This Addendum may be executed in counterparts by the parties hereto and each shall be considered an original insofar as the parties are concerned by together said counterparts shall comprise only one agreement. IN WITNESS WHEREOF, Seller and Buyer have caused this Addendum to be executed on the date first above written. SELLER: WASHINGTON HEIGHTS, LLC, a Florida limited liability company y Hadad, Manager Date Executed:\ON3AAA,A,J BUYER: SOUTHEAST OVERTOWN/PARKWEST COMMUNITY REDEVELOPMENT AGENCY By: Cornelius Shiver Executive Director Date Executed: 5 #11786131_V3 "AS IS" Residential Contract For Sale And Purchase THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR FleridaRealtars° 1* PARTIES: Washington Heights, t10 ("Seller"), 2* and Southeast Overtown/Park West Community Redevelopment Agency ("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 Purchase 5 and any riders and addenda ("Contract): e 1. PROPERTY DESCRIPTION 7* (a) Street address, city, zip: 222 NW 17th Street, Miami, Florida 33138 6* (b) Located in: Miami -Dade County, Florida. Property Tax iD #: 01-313'021-1780 9* (c) Real Property: The legal description is Lot 3, Block 13, ERICKSON St18DIVI8IOIN Plat Book 13, Page 88, Miami -Dada, Florida 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) Pecs echit-Ra aph- .or-1 r-terwas-rah-this-Ceetfems 16 which are owned by Seller and existing on the Property as of the d��ttf.ibs4R4I of are included in the 17 purchase: ranges)/oven(s), refrigerators di b aehel , isposai, ceiling fan(s), intercom, Tight fixture(s), 16 drapery rods and draperies, binds; window treatments, smoke detector(s), garage door opener(s), security gate 19 and othe a ss~d'aVices, and storm shutters/panels ("Personal Property") 20*-this-purc base -are: None 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 PRICK AND CLOSING 26* 2. PURCHASE PRICE (U,S. currency), .............. ...... .,...... ,, ........ ... ... ,.....,. ,$ 187,600,00 27* (a) Initial deposit to be held in escrow in the amount of (checks subject to COLLECTION) $1.03000 26 The initial deposit made payable and delivered to "Escrow Agent' named below 29* (CHECK ONE): (I) Q accompanies offer or (ii) ix7 is to be made within (if left 30 blank, then 3) days after Effective Date. IF NEITHER BOX IS CHECKED, THEN 31 OPTION (ii) SHALL BE DEEMED SELECTED, 32* Escrow Agent information: Name: Holland & Knight, LLP 33* Address: 701 BrickellAvenue, Miemi, Florida 33131. Attention: William R. Bloom 34* Phone: 308789.7712 E-mail: wnnam.bloomahkiaw,com Fax 35* (b) Additional deposit to be delivered to Escrow Agent within 5 a s If left blank, then 10) 36* days after Effective Date .�1.it;h,n F1ve,(5),day ,ai:t'Board 4prov ....,$ 15,750.00 37 (All deposits paid or agreed to be paid, are collectively referred to as the "Deposit) 36* (c) Financing: Express as a dollar amount or percentage ("Loan Amount') see Paragraph .B.,.,.... . 39* (d) Other: $ 40 (e) Balance to close (not including Buyer's closing costs, prepaids and prorations) by wire 41* transfer or other COLLECTED funds $ 150,750.00 42 NOTE: 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 45* November 2 2018 , this offer shall be deemed withdrawn and the Deposit, if any, shall be returned to 48 Buyer. Unless otherwise stated, time for acceptance of any counter-offers shall be within 2 days after the day 47 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 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 52* ("Closing") on March 5, 2019 ("Closing Date"), at the time established by the Closing Agent. Buyer's Initials Page 1 of 12 Seller's Initials FloridaRealtors/FloridaBar-ASIS-5 Rev.4/17 © 2017 Florida Realtors© and The Florida Bar. All rights reserved. Licensed to Alta Star Software and ID: D-288319732.DLG8,114883 Software and added formatting © 2018 Alta Star Software, all rights reserved; • www.altastar.com • (877) 279-8898 53 5. EXTENSION OF CLOSING DATE: 64 (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"), 60 then Closing Date shall be extended for such period necessary to satisfy CFPB Requirements, provided such 57 period shall not exceed 10 days. 68 (b) If an event constituting "Force Majeure" causes services essential for Closing to be unavailable, including the 59 unavailability of utilities or issuance of hazard, wind, flood or homeowners' insurance, Closing Date shall be 80 extended as provided in STANDARD G. 61 6. OCCUPANCY AND POSSESSION: 62 (a) Unless the box in Paragraph 6(b) is checked, Seller shall, at Closing, deliver occupancy and possession of the 83 Property to Buyer free of tenants, occupants and future tenancies. Also, at Closing, Seller shall have removed 84 all personal items and trash from the Property and shall deliver all keys, garage door openers, access devices 65 and codes, as applicable, to Buyer. If occupancy is to be delivered before Closing, Buyer assumes all risks of 88 Ioss to the Property from date of occupancy, shall be responsible and liable for maintenance from that date, 67 and shall be deemed to have accepted the Property in its existing condition as of time of taking occupancy. 88* (b) iJ CHECK IF PROPERTY iIS SUBJECT TO LEASE(S) OR OCCUPANCY AFTER CLOSING. If Property is 69 subject to a lease(s) after. Closing or is intended to be rented or occupied by third parties beyond Closing, the 70 facts and terms thereof shall be disclosed in writing by Seller to Buyer and copies of the written lease(s) shall 71 be delivered to Buyer, all within 5 days after Effective Date. if Buyer determines, in Buyer's sole discretion, that 72 the lease(s) or terms of occupancy are not acceptable to Buyer, Buyer may terminate this Contract by delivery 73 of written notice of such election to Seller within 5 days after receipt of the above items from Seller, and Buyer 74 shall be refunded the Deposit thereby releasing Buyer and Seller from all further obligations under this Contract. 75 Estoppel Letter(s) and Seller's affidavit shall be provided pursuant to STANDARD D. If Property is intended to 76 be occupied by Seller after Closing, see Rider U. POST -CLOSING OCCUPANCY BY SELLER, 77* 7. ASSIGNABILITY: (CHECK ONE): Buyer ❑ may assign and thereby be released from any further liability under 78* this Contract; C3 may assign but not be released from liability under this Contract; or t J may not assign this 79 Contract 80 81 8. FINANCING: 82* 83 84 86 86* 87* 88* 89* 91* 92 93 94 FINANCING LI (a) Buyer will pay cash for the purchase of the Property at Closing. There is no financing contingency to Buyer's obligation to close, If Buyer obtains a loan for any part of the Purchase Price of the Property, Buyer acknowledges that any terms and conditions imposed by Buyer's lender(s) or by CFPB Requirements shall not affect or extend the Buyer's obligation to close or otherwise affect any terms or conditions of this Contract. p (b) This Contract is contingent upon Buyer obtaining approval of a 0 conventional Cl FHA L7 VA or © other (describe) loan within (if left blank, then 30) days after Effective Date ("Loan Approval Period") for (CHECK ONE): 0 fixed, El adjustable, 0 fixed or adjustable rate in the Loan Amount (See Paragraph 2(c)), at an initial interest rate not to exceed % (if left blank, then prevailing rate based upon Buyer's creditworthiness), and for term of (if left blank, then 30) years ("Financing") (i) Buyer shall make mortgage loan application for the Financing within (if left blank, then 5) days after Effective Date and use good faith and diligent effort to obtain approval of a loan meeting the Financing terms ("Loan Approval") and thereafter to close this Contract. Loan Approval which requires a condition related to the sale by Buyer of other property shall not be deemed Loan Approval for purposes of this subparagraph. 95 Buyer's failure to use diligent effort to obtain Loan Approval during the Loan Approval Period shall be considered a 96 default under the terms of this Contract, For purposes of this provision, "diligent effort" includes, but is not limited 97 to, timely furnishing all documents and information and paying of ail fees and charges requested by Buyer's 98 mortgage broker and lender in connection with Buyer's mortgage loan applioation. 99 (11) Buyer shall keep Seller and Broker fully informed about the status of Buyer's mortgage loan application, 1o0 Loan Approval, and loan processing and authorizes Buyer's mortgage broker, lender, and Closing Agent to disclose 101 such status and progress, and release preliminary and finally executed closing disclosures and settlement 102 statements, to Seller and Broker. 103 (iii) Upon Buyer obtaining Loan Approval, Buyer shall promptly deliver written notice of such approval to Seller. 104 (iv) If Buyer is unable to obtain Loan Approval after the exercise of diligent effort, then at any time prior to 106 expiration of the Loan Approval Period, Buyer may provide written notice to Seller stating that Buyer has been 106 unable to obtain Loan Approval and has elected to either: 107 (1) waive Loan Approval, in which event this Contract will continue as if Loan Approval had been obtained; or los (2) terminate this Contract. Buyer's initials ' Page 2 of 12 Seller's Initials FloridaRealtors/FioridaBar•ASIS-5 Rev.4/17 © 2017 Florida Realtors® and The Florida Bar. All rights reserved. Licensed to Alta Star Software and ID: D•296319732.DLG8,114883 Software and added formatting 02018 Alta Star Software, all rights reserved, • www.altastar.com • (877) 279-8898 109 (v) If Buyer fails to timely deliver either notice provided in Paragraph 8(b)(1ii) or (iv), above, to Seller prior to 110 expiration of the Loan Approval Period, then Loan Approval shall be deemed waived, in which event this Contract 111 will continue as if Loan Approval had been obtained, provided however, Seller may elect to terminate this Contract 112 by delivering written notice to Buyer within 3 days after expiration of the Loan Approval Period. 113 (vi) if this Contract is timely terminated as provided by Paragraph 8(b)(iv)(2) or (v), above, and Buyer is not in 114 default under the terms of this Contract, Buyer shall be refunded the Deposit thereby releasing Buyer and Seller 115 from all further obligations under this Contract. 116 (vii) If Loan Approval has been obtained, or deemed to have been obtained, as provided above, and Buyer 117 fails to close this Contract, then the Deposit shall be paid to Seller unless failure to close is due to: (1) Seller's 118 default or inability to satisfy other contingencies of this Contract; (2) Property related conditions of the Loan Approval 11e have not been met (except when such conditions are waived by other provisions of this Contract); or (3) appraisal 120 of the Property obtained by Buyer's lender is insufficient to meet terms of the Loan Approval, in which event(s) the 121 Buyer shall be refunded the Deposit, thereby releasing Buyer and Seller from all further obligations under this 122 Contract. 123* Cl (c) Assumption of existing mortgage (see rider for terms). 124* © (d) Purchase money note and mortgage to Seller (see riders; addenda, or special clauses for terms), 125 CLOSING COSTS, PEES AND CHARGES 126 9, CLOSING COSTS; TITLE INSURANCE; SURVEY; HOME WARRANTY; SPECIAL ASSESSMENTS. 127 (a) COSTS TO BE PAID BY SELLER: 128 • Documentary stamp taxes and surtax on deed, if any • HOA/Condominium Association estoppel fees 129 •Owner's Policy and Charges (if Paragraph 9(c)(i) is checked) • Recording and other fees needed to cure title 130 • Title search charges (if Paragraph 9(c)(iii) is checked) • Seller's attorneys' fees 131* Municipal lien search (if Paragraph 9(c)(1) or Oil) is checked) • Other 132 If, prior to Closing, Seller is unable to meet the AS iS Maintenance Requirement as required by Paragraph 11 133 a sum equal to 125% of estimated costs to meet the AS IS Maintenance. Requirement shall be escrowed at 134 Closing. If actual costs to meet the AS IS Maintenance Requirement exceed escrowed amount, Seller shall pay 135 such actual costs, Any unused portion of escrowed amount(s) shall be returned to Seller. 138 (b) COSTS TO BE PAID BY BUYER: 137 • Taxes and recording fees on notes and mortgages • Loan expenses 136 • Recording fees for deed and financing statements • Appraisal fees 139 •Owner's Policy and Charges (if Paragraph 9(c)(ii) is checked) • Buyer's Inspections 140 • Survey (and elevation certification, if required) • Buyer's attorneys' fees 141 • Lender's title policy and endorsements • All property related insurance 142 • HOA/Condominium Association application/transfer fees • Owner's Policy Premium (if Paragraph 143 * Municipal lien search (if Paragraph 9(c)(ii) is checked) 9 (c)(iil) is checked.) 144* • Other: 145* (c) TITLE EVIDENCE AND INSURANCE: At least (if left blank, then 15, or if Paragraph 8(a) is checked, 146 then 5) days prior to Closing Date ("Title Evidence Deadline"), a title insurance commitment issued by a Florida 147 licensed title insurer, with legible copies of instruments listed as exceptions attached thereto ("Title 148 Commitment") and, after Closing, an owner's policy of title insurance (see STANDARD A for terms) shall be 149 obtained and delivered to Buyer. if Seller has an owner s policy of title insurance covering the Real Property, a 150 copy shall be furnished to Buyer and Closing Agent within 5 days after Effective Date. The owner's title policy 151 premium, title search and closing services (collectively, "Owner's Policy and Charges") shall be paid, as set 152 forth below. The title insurance premium charges for the owner's policy and any lender's policy will be calculated 153 and allocated in accordance with Florida law, but may be reported differently on certain federally mandated 154 closing disclosures and other closing documents. For purposes of this Contract "municipal lien search" means a 155 search of records necessary for the owner's policy of title insurance to be issued without exception for unrecorded 156 liens imposed pursuant to Chapters 159 or 170, F.S., in favor of any governmental body, authority or agency. 157 (CHECK ONE): 168* El (i) Seiler shall designate Closing Agent and pay for Owner's Policy and Charges, and Buyer shall pay the 159 premium for Buyer's lender's policy and charges for closing services related to the lender's policy, 160 endorsements and loan closing, which amounts shall be paid by Buyer to Closing Agent or such other 181 provider(s) as Buyer may select; or 152* © (li) Buyer shall designate Closing Agent and pay for Owner's Policy and Charges and charges for closing 103 services related to Buyer's lender's policy, endorsements and loan closing; or Buyer's Initials Page 3 of 12 Seller's Initials FloridaRealtors/FloridaBar-ASIS-5 Rev.4/17 ©2017 Florida Realtorse and The Florida Bar. All rights reserved. Licensed to Alta Star Software and ID: D-296319732.DLG8.114683 Software and added formatting O 2018 Alta Star Software, all rights reserved. • www.altastar.com • (877) 279-8898 164* ID (iii) (MIAMi-DADEIBROWARD REGIONAL PROVISION]: Seller shall furnish a copy of a prior owner's policy 165 of title insurance or other evidence of title and pay fees for: (A) a continuation or update of such title evidence, 166 which is acceptable to Buyer's title insurance underwriter for reissue of coverage; (8) tax search; and (C) 167 municipal lien search, Buyer shall obtain and pay for post -Closing continuation and premium for Buyer's owner's. 168* policy, and if applicable, Buyer's lender's policy. Seller shall not be obligated to pay more than $ 189 (if left blank, then $200.00) for abstract continuation or title search ordered or performed by Closing Agent. 170 (d) SURVEY: On or before Title Evidence Deadline, Buyer may, at Buyer's expense, have the Real Property 171 surveyed and certified by a registered Florida surveyor ("Survey"). If Seller has a survey covering the Real 172 Property, a copy shall be furnished to Buyer and Closing'Agent within 5 days after Effective Date. 173* (e) HOME WARRANTY: At Closing, © Buyer 0 Seiler ID N/A shall pay for a home warranty plan issued by 174* at a cost not to exceed $ . A home 175 warranty plan provides for repair or replacement of many of a home's mechanical systems and major built-in 176 appliances in the event of breakdown due to normal wear and tear during the agreement's warranty period. 177 (f) SPECIAL ASSESSMENTS: At Closing, Seller shall pay: (I) the full amount of liens imposed by a public body 178 ("public body" does not include a Condominium or Homeowner's Association) that are certified, confirmed and 179 ratified before Closing; and (ii) the amount of the public body's most recent estimate or assessment for an 180 improvement which is substantially complete as of Effective Date, but that has not resulted in a hen being 181 imposed on the Property before Closing. Buyer shall pay all other assessments. If special assessments may 182 be paid in installments (CHECK ONE): 183* 0 (a) Seller shall pay installments due prior to Closing and Buyer shall pay installments due after Closing. 184 Installments prepaid or due for the year of Closing shall be prorated. 18s* © (b) Seller shall pay the assessment(s) in full prior to or at the time of Closing. 186 IF NEITHER BOX IS CHECKED, THEN OPTION (a) SHALL BE DEEMED SELECTED. 187 This Paragraph 9(f) shall not apply to a special benefit tax lien imposed by a community development district 188 (CDD) pursuant to Chapter 190, F.S., which lien shall be prorated pursuant to STANDARD K. 189 DISCLOSURES ion 10. DISCLOSURES:' 191 (a) RADON GAS Radon is a naturally occurring radioactive gas that, when it is accumulated in a building in 192 sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that 1g3 exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding 194 radon and radon testing may be obtained from your county health department. 195 (b) PERMITS DISCLOSURE: Except as may have been disclosed by Seller to Buyer in a written disclosure, Seller 196 does not know of any improvements made to the Property which were made without required permits or made 197 pursuant to permits which have not been properly closed. If Seiler identifies permits which have not been 198 properly closed or improvements which were not permitted, then Seller shall promptly deliver to Buyer all plans, 199 written documentation or other information in Seller's possession, knowledge, or control relating to 200 improvements to the Property which are the subject of such open permits or unpermitted improvements. 201 (o) MOLD: Mold is naturally occurring and may cause health risks or damage to property, If Buyer is concerned or 202 desires additional information regarding mold, Buyer should contact an appropriate professional. 203 (d) FL-0 204 zone the Property is in, whether flood insurance is required by Buyer's lender, and what res " apply to 206 improving the Property and rebuilding in the event of casualty. If Property is in a"S Hazard Area" 208 207 208 209 210* 211 212 213 214 216 216 217 218 or "Coastal Barrier Resources Act" designated area or otherwise protected entitled by the U.S. Fish and Wildlife Service under the Coastal Barrier Resources Act and the to r elevation for the building(s) and/or flood insurance rating purposes is below minimum flood el r n or is ineligible for flood insurance coverage through the. National Flood Insurance Program or priv ood insurance as defined in 42 U.S.C. §4012a, Buyer may terminate this Contract by delivering wri otice to Seller within (if left blank, then 20) days after Effective Date, and Buyer shall be refu d the Deposit thereby releasing Buyer and Sellerfrom all further obligations under this Contract g which Buyer accepts existing elevation of buildings and flood zone designation of Property. T ational Flood Insurance Program may assess additional fees or adjust premiums for pre -Flood insur ate Map (pre -FIRM) non -primary structures (residential structures in which the insured or spouse do o reside for at least 50% of the year) and an elevation certificate may be required for actuarial rating, (e) E GY BROCHURE: Buyer acknowledges receipt of Florida Energy -Efficiency Rating Information Brochure Buyer's Initials Page 4 of 12 Seller's Initials FloridaRealtors/FloridaBar-ASIS-5 Rev.4/17 0 2017 Florida Realtorse and The Florida Bar. All rights reserved. Licensed to Alta Star Software and ID: 0.296319732.0L08.114683 Software and added formatting 0 2018 Alta Star Software, all rights reserved. • www.altastar.com • (877) 279-8898 219 (f) LEAD -BASED PAINT: If Property includes pre-1978 residential housing, a lead -based paint disclosure is 220 mandatory. 221 (g) HOMEOWNERS' ASSOCIATION/COMVIMUNITY DISCLOSURE: BUYER SHOULD NOT EXECUTE THIS 222 CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS' 223 ASSOCIATION/COMMUNITY DISCLOSURE, IF APPLICABLE. 224 (h) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT 226 PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED TO 226 PAY iN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY 227 IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN HIGHER 226 PROPERTY TAXES. IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION, CONTACT THE 22e COUNTY PROPERTY APPRAISER'S OFFICE FOR INFORMATION. 230 (1) FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT ("FIRPTA"): Seller shall inform Buyer in writing if 231 Seller is a "foreign person" as defined by the Foreign Investment in Real Property Tax Act ("FIRPTA"). Buyer 232 and Seller shall comply with FIRPTA, which may require Seller to provide additional cash at Closing. If Seller 233 is not a "foreign person", Seller can provide Buyer, at or prior to Closing, a certification of non -foreign status, 234 under penalties of perjury, to inform Buyer and Closing Agent that no withholding is required. See STANDARD 236 V for further information pertaining to FIRPTA. Buyer and Seller are advised to seek legal counsel and tax 236 advice regarding their respective rights, obligations, reporting and withholding requirements pursuant to 237 FIRPTA, 238 (J) SELLER DISCLOSURE: Seller knows of no faots materially affecting the value of the Real Property which are 239 not readily observable and which have not been disclosed to Buyer. Except as provided for in the preceding 240 sentence, Seller extends and intends no warranty and makes no representation of any type, either express or 241 implied, as to the physical condition or history of the Property. Except as otherwise disclosed in writing Seller 242 has received no written or verbal notice from any governmental entity or agency as to a currently uncorrected 243 building, environmental or safety code violation. 244 PROPERTY MAINTENANCE, CONDITION, INSPECTIONS AND EXAMINATIONS 245 11. PROPERTY MAINTENANCE: Except for ordinary wear and tear and Casualty Loss, Seller shall maintain the 246 Property, including, but not limited to, lawn, shrubbery, and pool, in the condition existing as of Effective Date ("AS 247 IS Maintenance Requirement"). 248 12, PROPERTY INSPECTION; RIGHT TO CANCEL: See addendum. 249* (a) rryer--ashall-have..W--.4if1 250 clays after Effective Date ("Inspection Period") within which to have such inspections of th 261 performed as Buyer shall desire during the inspection Period if Buyer determines 252 discretion, that the Property is not acceptable to Buyer, Buyer may terminate this 253 written notice of such election to Seller prior to expiration of Inspectio 264 terminates this Contract, the Deposit paid shall be returned to Buyer, ther 255 be released of all further obligations under this Contract; however 256 prompt paymentfor such inspecctions, for repair of damage to, and 257 from such inspections, and shall provide Seller with paid recel 268 preceding provision she survive termination of this Co 269 terminate granted herein, Buyer accepts the physical 260 governmental, building, environmental, and safety 261 Seller's continuing AS IS Maintenance Require 262 repairs and improvements required by Buyer' 263 (b) WALK-THROUGH INSPECTION/RE-INSPEC 264 to time of Closing, as specified by Buyer 265 follow-up walk-through, if necessary) 266 Property are on the Property and 267 Maintenance Requirement an 268 (c) SELLER ASSISTANCE 269 of the Property identif 270 written docume 271 improverne 272 coopera 273 SUC 5) operty uyer's sole tract by delivering eriod if Buyer timely pan, Buyer and Seller shall uyer shall be responsible for toration of, the Property resulting for all work clone on the Property (the ct). Unless. Buyer exercises the right to ndition of the Property and any violation of es, restrictions, or requirements, but subject to nt, and Buyer shall be responsible for any and all ender. N: On the day prior to Closing Date, or on Closing Date prior yer or Buyer's representative may perform a walk-through (and pection of the Property solely to confirm that all items of Personal verify that Seller has maintained the Property as required by the AS IS as met all other contractual obligations. COOPERATION IN CLOSE-OUT OF BUILDING PERMITS: If Buyer's inspection open or needed building permits, then Seller shall promptly deliver to Buyer all plans, ion or other information In Seller's possession, knowledge, or control relating to o the Property which are the subject of such open or needed Permits, and shall promptly in good faith with r's.effrrft to 'btain estimates of repairs or other work necessary to resolve isstiesTheiiers o ligation to cooperate shall Inc rt,f necessary aattir3tt2at onsT Buyer's initials Page 5 of 12 • Seller's Initials FloridaRealtors&FioridaBar-ASIS-5 Rev,4117 e 2017 Florida Realtors' and The Florida Bar. All rights reserved. Licensed to Alta Star Software and 10: D-296319732,0L08.114683 Software and added formatting © 2018 Alta Star Software, all rights reserved. • www.aitastar.com • (877) 279.8898 274 t:(3fiseet6; “:4h d li?,t-hasp a •• ire" 276 or work prepared, but in fulfilling such obligation, Seiler shall not be r-. : • o expend, or become obligated to 279 expend, any money. 277 (d) ASSIGNMENT OF REPAIR AN NTRACTS AND WARRANTIES: At Buyer's option and 276 cost, Sell- •sing, assign all assignable repair, treatment and maintenance contracts and warranties 279 arc 280 ESCROW AGENT AND BROKER 2a1 13. ESCROW AGENT. " �s 282 and other items is authorized, and agrees by acceptance of them, to deposit them promptly, hol m escrow 283 within the State of Florida and, subject to COLLECTION, disburse them In accordant erf m and conditions 284 of this•Contract. Failure of funds to become COLLECTED shall not excuse B performance. When conflicting 285 demands for the Deposit are received, or Agent has a good faith dou o entitlement to the Deposit, Agent may 286 take such actions permitted by this Paragraph 13, as Agent d- - s advisable. If in doubt as to Agent's duties or 287 liabilities under this Contract, Agent may, at Agent's opti• •, •ntinue to hold the subject matter of the escrow until 288 the parties agree to its disbursement or until a fin •gment of a court of competent jurisdiction shall determine 289 the rights of the parties, or Agent may depo ' ame with the clerk of the circuit court having jurisdiction of the 290 dispute. An attorney who represents a p- , , and also acts as Agent may represent such party in such action. Upon 291 notifying all parties concerned of s action, .all liability on the part of Agent shall fully terminate, except to the 292 extent of accounting for any ite•• previously delivered out of escrow. If a licensedreal estate broker, Agent wilt 293 comply with provisions of C• - •ter 475, F.S., as amended and FREC rules to timely resolve escrow disputes through 294 mediation, arbitration, t• rpleader or an escrow disbursement order. 295 In any proceeding • een Buyer and Seller wherein Agent is made a party because of acting as Agent hereunder, 298 or in any proce ing where Agent interpleads the subject matter of the escrow, Agent shall recover reasonable 297 attorney's f and costs incurred, to be paid pursuant to court order out of the escrowed funds or equivalent. Agent 298 shall no . - liable to any party or person for mis-delivery of any escrowed items, unless such mis-delivery is due to 299 Age, s willful breach of this Contract or Agent's gross negligence. This Paragraph 13 shall survive Closing or 300 :+4••' - - See addendum. 301 14. , ro era ses r a e er o ve y ope con , 302 square footage, and all other facts and representations made pursuant to this Contract and to consult: ropriate 303 professionals for legal, tax, environmental, and other specialized advice concerning matters affe the Property 304 and the transaction contemplated by this Contract, Broker represents to Buyer that Broker es not reside on the 305 Property and that all representations (oral, written or otherwise) by Broker are bas Seller representations or 308 public records. BUYER AGREES TO RELY SOLELY ON SELLER, PROF ZONAL INSPECTORS AND 307 GOVERNMENTAL AGENCIES FOR VERIFICATION OF PROPERTY C TiON, SQUARE FOOTAGE AND 308 FACTS THAT MATERIALLY AFFECT PROPERTY VALUE AND N ON THE REPRESENTATIONS (ORAL, 309 WRITTEN OR OTHERWISE) OF BROKER. Buyer and Se! . individually, the "'Indemnifying Party") each 310 individually indemnifies, holds harmless, and releases • er and Broker's officers, directors, agents and 311 employees from all liability for loss or damage, includi t -1 costs and expenses, and reasonable attorney's fees at 312 ail levels, suffered or incurred by Broker and Brok officers, directors, agents and employees in connection with 313 or arising from claims, demands or causes - action instituted by Buyer or Seller based on; (i) inaccuracy of 314 information provided by the Indemnifyin• -rty or from public records; (ii) indemnifying Party's misstatement(s) or 315 failure to perform contractual oblige 2 s; (iii) Broker's performance, at Indemnifying Party's request, of any task 316 beyond the scope of service egulated by Chapter 475, F.S., as amended, including Broker's referral, 317 recommendation or reten of any vendor for, or on behalf of, Indemnifying Party; (iv) products or services 318 provided by any such dor for, or on behalf of, Indemnifying Party; and (v) expenses incurred by any such vendor. 319 Buyer and Sell ach assumes full responsibility for selecting and compensating their respective vendors and 320 paying their - er costs under this Contract whether or not this transaction closes. This Paragraph 14 will not relieve 321 Broker • tatutory obligations under Chapter 475, F.S., as amended. For purposes of this Paragraph 14, Broker 322 will • : reat- • . - •art • h' 323 324 15. DEFAULT: See addendum, DEFAULT AND DISPUTE RESOLUTION 325 (a) , - • �.f.,_ 326 including payment of the Deposit, within the time(s) sped ay elect to recover and retain the Deposit 327 for the account of ler as a• re • -- • - : - • :amages, consideration for execution of this Contract, and 328 1 o an -'•• ereu.on B . •. rani -€re Buyer's Initials Page 6 of 12 Seller's Initials FloridaReaftors/FloridaBar-ASiS-5 Rev,4/17 0 2017 Florida Realtors® and The Florida Bar. All rights reserved. Licensed to Alta Star Software and ID: D-296318732,DLG8.114683 Software and added formatting CJ 2018 Alta Star Software, all rights reserved. • www.altastar.com • (877) 279-8898 329 r' AGB in- k7{ 4 taatafer-e -S r'S 330 rights under this Contract, The portion of the Deposit, if any, paid to Listing Broker upon default by r, shall 331 be split equally between Listing Broker and Cooperating Broker; provided however, Cooperatl roker's share 332 shall not be greater than the commission amount Listing Broker had agreed to pay to C erating Broker, 333 (b) SELLER DEFAULT: If for any reason other than failure of Seller to make Se s title marketable after 334 reasonable diligent effort, Seller fails, neglects or refuses to perform Seller's igations under this Contract, 335 Buyer may elect to receive return of Buyer's Deposit without thereby waiv' any action for damages resulting 336 from Seller's breach, and, pursuant to Paragraph 16, may seek to over such damages or seek specific 337 performance, 338 This Paragraph 15 shall survive Closing or termination of this Con =ct 339 16. DISPUTE RESOLUTION: Unresolved controversies, claims • other matters in question between Buyer and 340 Seller arising out of, or relating to, this Contractor its breac•, -nforcement or interpretation ("Dispute') will be settled 341 as follows: 342 (a) Buyer and Seller will have 10 days after th- ate conflicting demands for the Deposit are made to attempt to 343 resolve such Dispute, failing which, Bu and Seller shall submit such Dispute to mediation under Paragraph 344 16(b). 345 (b) Buyer and Seiler shall attemp • settle Disputes in an amicable manner through mediation pursuant to Florida 346 Rules for Certified and C. -Appointed Mediators and Chapter 44, F.S., as amended (the "Mediation Rules"). 347 The mediator must b 'ertified or must have experience in the real estate industry. Injunctive relief may be 348 sought without firs omplying with this Paragraph 16(b). Disputes not settled pursuant to this Paragraph 16 349 may be resolve • •y instituting action in the appropriate court having jurisdiction of the matter. This Paragraph 350 16 shall survi Closing or termination of this Contract. 351 17. ATTORNEY'S ES; COSTS: The parties will split equally any mediation fee incurred in any mediation permitted 352 by this Con .ct, and each party will pay their own costs, expenses and fees, including attomey's fees, incurred in 353 conduct' • the mediation. In any litigation permitted by this Contract, the prevailing party shall be entitled to recover 364 from e non -prevailing party costs and fees, including reasonable attomey's fees, incurred in conducting the 355 li '�-�•. •aragra• - - f -..0.e 356 STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") 357 18. STANDARDS: 358 A. TITLE: 359 (i) TITLE EVIDENCE; RESTRICTIONS; EASEMENTS; LIMITATIONS: Within the time period provided in 360 Paragraph 9(c), the Title Commitment, with legible copies of instruments listed as exceptions attached thereto, shall 361 be issued and delivered to Buyer. The Title Commitment shall set forth those matters to be discharged by Seller at 362 or before Closing and shall provide that, upon recording of the deed to Buyer, an owner's policy of title insurance 363 in the amount of the Purchase Price, shall be issued to Buyer insuring Buyer's marketable title to the Real Property, 364 subject only to the following matters: (a) comprehensive land use plans, zoning, and other land use restrictions, 385 prohibitions and requirements imposed by governmental authority; (b) restrictions and matters appearing on the 368 Plat or otherwise common to the subdivision; (c) outstanding oil, gas and mineral rights of record without right of 367 entry; (d) unplatted public utility easements of record (located contiguous to real property lines and not more than. 368 10 feet in width as to rear or front lines and 7 1/2 feet in width as to side lines); (e) taxes for year of Closing and 300 subsequent years; and (f) assumed mortgages and purchase money mortgages, if any (if additional items, attach 370 addendum); provided, that, none prevent use of Property for RESIDENTIAL PURPOSES. If there exists at Closing 371 any violation of items identified in (b) - (f) above, then the same shall be deemed a title defect. Marketable title shall. 372 be determined according to applicable Title Standards adopted by authority of The Florida Bar and in accordance 373 with law. 374 (ii) TiTLE EXAMINATION: Buyer shall have 5 days after receipt of Title Commitment to examine it and notify Seller 376 in writing specifying defect(s), if any, that render title unmarketable. If Seller provides Title Commitment and it is 376 delivered to Buyer less than 5 days prior to Closing Date, Buyer may extend Closing for up to 5 days after date of 377 receipt to examine same in accordance with this STANDARD A. Seller shall have 30 days ("Cure Period") after 37s receipt of Buyer's notice to take reasonable diligent efforts to remove defects. if Buyer fails to so notify Seller, Buyer 379 shall be deemed to have accepted title as it then is. if Seller cures defects within Cure Period, Seller will deliver 380 written notice to Buyer (with proof of cure acceptable to Buyer and Buyer's attorney) and the parties will close this 381 Contract on Closing Date (or if Closing Date has passed, within 10 days after Buyer's receipt of Seller's notice), If 382 Seller is unable to cure defects within Cure Period, then Buyer may, within 5 days after expiration of Cure Period, Buyer's initials Page 7 of 12 Seller's Initials F'IoridaReaitors/FloridaBar-ASIS-5 Rev.4/17 0 2017 Florida Realtors® and The Florida Bar. Ail tights reserved. Licensed. to Alta Star Software and ID: D-296319732.DL08.114683 Software and added formatting © 2018 Alta Star Software, all rights reserved. • www,aitastar.com • (877) 279.8898 STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") CONTINUED 383 deliver written notice to Seiler: (a) extending Cure Period for a specified period not to exceed 120 days within which 384 Seller shall continue to use reasonable diligent effort to remove or cure the defects ("Extended Cure Period"); or 385 (b) electing to accept title with existing defects and close this Contract on Closing Date (or if Closing Date has 388 passed, within the earlier of 10 clays after end of Extended Cure Period or Buyer's receipt of Seller's notice), or (c) 387 electing to terminate this Contract and receive a refund of the Deposit, thereby releasing Buyer and Seller from all 388 further obligations under this Contract. If after reasonable diligent effort, Selleels unable to timely cure defects, and 389 Buyer does not wave the defects, this Contract shall terminate, and Buyer shall receive a refund of the Deposit, Sao thereby releasing Buyer and Seller from all further obligations under this Contract. 391 B. SURVEY: if Survey discloses encroachments on the Real Property or that improvements located thereon 392 encroach on setback lines, easements, or lands of others, or violate any restrictions, covenants, or applicable 393 governmental regulations described in STANDARD A (i)(a), (b) or (d) above, Buyer shall deliver written notice of 394 such matters, together with a copy of Survey, to Seller within 5 days after Buyer's receipt of Survey, but no later 395 than Closing. If Buyer timely delivers such notice and Survey to Seller, such matters identified in the notice and 396 Survey shall constitute a title defect, subject to cure obligations of STANDARD A above. If Seller has delivered a 397 prior survey, Seller shall, at Buyer's request, execute an affidavit of "no change" to the Real Property since the 398 preparation of such prior survey, to the extent the affirmations therein are true and correct. 399 C. INGRESS AND EGRESS: Seller represents that there is ingress and egress to the Real Property and title to 400 the Real Property is insurable in accordance with STANDARD A without exoeption for lack of legal right of access. 401 D. LEASE INFORMATION: Seller shall, at least 10 days prior to Closing, furnish to Buyer estoppel letters from 402 tenants)/occupant(s) specifying nature and duration of occupancy, rental rates, advanced rent and security 403 deposits paid by tenant(s) or occupant(s)("Estoppel Letter(s)"). If Seller is unable to obtain such Estoppel Letter(s) 404 the same information shall be furnished by Seller to Buyer within that time period in the form of a Seller's affidavit 405 and Buyer may thereafter contact tenant(s) or occupant(s) to confirm such information._ If Estoppel Letter(s) or 406 Seller's affidavit, if any, differ materially from Seller's representations and lease(s) provided pursuant to Paragraph 407 6, or if tenant(s)/occupant(s) fail or refuse to confirm Seller's affidavit, Buyer may deliver written notice to Seller 408 within 5 days after receipt of such information, but no later than 5 days prior to Closing Date, terminating this 409 Contract and receive a refund of the Deposit, thereby releasing Buyer and Seiler from all further obligations under 410 this Contract. Seller shall, at Closing, deliver and assign al leases to Buyer who shall assume Seller's obligations 411 thereunder. 412 E. LIENS: Seller shall fumish to Buyer at Closingan affidavit attesting (I) to the absence of any financing 413 statement, claims of lien or potential lienors known to Seller and (ii) that there have been no improvements or 414 repairs to the Real Property for 90 days immediately preceding Closing Date. If the Real Property, has been 415 improved or repaired within that time, Seller shall deliver releases or waivers of construction liens executed by all 416 general contractors, subcontractors, suppliers and materialmen in addition to Seller's lien affidavit setting forth 417 names of all such genera( contractors, subcontractors, suppliers and materialmen, further affirming that all charges 418 for improvements or repairs which could serve as a basis for a construction lien or a claim for damages have been 419 paid or will be paid at Closing. , 420 F. TIME Calendar days shall be used in computing time periods. Time is oftho essence in this Contract. Other 421 than time for acceptance and Effeotive Date as set forth in Paragraph 3, any time periods provided for or dates 422 specified in this Contract, whether preprinted, handwritten, typewritten or inserted herein, which shall end or occur 423 an a Saturday, Sunday, or a national legal holiday (see 5 U.S.C. 6103) shall extend to 5:00 p.m. (where the Property 424 is located) of the next business day. 425 G. FORCE MAJEURE: Buyer or Seller shall not be required to perform any obligation under this Contract or be 428 liable to each other for damages so long as performance or non-performance of the obligation, or the availability of 427 services, insurance or required approvals essential to Closing, is disrupted, delayed, caused or prevented by Force 428 Majeure. "Force Majeure" means: hurricanes, floods, extreme weather, earthquakes, fire, or other acts of God, 429 unusual transportation delays, or wars, insurrections, or acts of terrorism, which, by exercise of reasonable diligent 430 effort, the non -performing party is unable in whole or in part to prevent or overcome. All time periods, including 431 Closing Date, will be extended a reasonable time up to 7 days after the Force Majeure no longer prevents 432 performance under this Contract, provided, however, if such Force Majeure continues to prevent performance under 433 this Contract more than 30 days beyond Closing bate, then either party may terminate this Contract by delivering 434 written notice to the other and the Deposit shall be refunded to Buyer, thereby releasing Buyer and Seller from all 435 further obligations under this Contract. . 43$ H. CONVEYANCE Seller shall convey marketable title to the Real Property by statutory warranty, trustee's, 437 personal representative's, or guardian's deed, as appropriate to the status of Seller, subject only to matters 438 described in STANDARD A and those accepted by Buyer. Personal Property shall, at request of Buyer, be Buyer's Initials Page 8 of 12 Seller's Initials FloridaRealtors/FloridaBar-ASI5-5 Rev.4/17 02017 Florida Realtors® and The Florida Bar. All rights reserved. • Licensed to Ma Star Software and ID: D•296319732.DLD8.114683 Software and added formatting © 2018 Alta Star Software, all rights reserved, • www.altastar.00m • (877) 279.13898 STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") CONTINUED 439 transferred by absolute bill of sale with warranty of title, subject only to such matters as may be provided for in this 440 Contract. 441 1. CLOSING LOCATION; DOCUMENTS; AND PROCEDURE: 442 (1) LOCATION: Closing will be conducted by the attorney or other closing agent ("Closing Agent") designated by 443 the party paying for the owner's policy of title insurance and will take place in the county where the Real Property 444 is located at the office of the Closing Agent, or at such other location agreed to by the parties. If there is no title 445 insurance, Seller will designate Closing Agent Closing may be conducted by mail, overnight courier, or electronic 446 means 447 (Ii) CLOSING DOCUMENTS: Seller shall at or prior to Closing, execute and deliver, as applicable, deed, bill of 446 sale, certificate(s) of title or other documents necessary to transfer title to the Property, construction lien affidavit(s), 449 owner's possession and no lien affidavit(s), and assignment(s) of leases. Seiler shall provide Buyer with paid 450 receipts for all work done on the Property pursuant to this Contract. Buyer shall furnish and pay for, as applicable, 451 the survey, flood elevation certification, and documents required by Buyer's lender. 452 (iii) FinCEN GTO NOTICE, If Closing Agent is required to comply with the U.S. Treasury Department's 453 Financial Crimes Enforcement Network ("FinCEN") Geographic Targeting Orders ("GTOs"), then Buyer 454 shall provide Closing Agent with the information related to Buyer and the transaction contemplated by this 455 Contract that is required to complete IRS Form 8300, and Buyer consents to Closing Agent's collection and 456 report of said Information to IRS. 457 (iv) PROCEDURE: The deed shall be recorded upon COLLECTION of all closing funds. If the Title Commitment 468 provides insurance against adverse matters pursuant to Section 627.7841, F.S., as amended, the escrow closing 459 procedure required by STANDARD J shall be waived, and Closing Agent shall, subject .to COLLECTION of all 460 closing funds, disburse et Closing the brokerage fees to Broker and the net sale proceeds to Seller. 461 J. ESCROW CLOSING PROCEDURE: If Title Commitment issued pursuant to Paragraph 9(c) does not provide 462 for insurance against adverse matters as permitted under Section 627.7841, F.S., as amended, the following 463 escrow and closing procedures shall apply: (1) all Closing proceeds shall be held in escrow by the Closing Agent 464 for a period of not more than 10 days after Closing; (2) if Seller's title is rendered unmarketable, through no fault of 485 Buyer, Buyer shall, within the 10 day period, notify Seller in writing of the defect and Seller shall have 30 days from 466 date of receipt of such notification to cure the defect; (3) if Seller falls to timely cure the defect, the Deposit and all 467 Closing funds paid by Buyer shall, within 5 days after written demand by Buyer, be refunded to Buyer and, 468 simultaneously with such repayment, Buyer shall return the Personal Property, vacate the Real Property and re- 468 convey the Property to Seller by special warranty deed and bill of sale; and (4) if Buyer fails to make timely demand 470 for refund of the Deposit, Buyer shall take title as is, waiving all rights against Seller as to any intervening defect 471 except as may be available to Guyer by virtue of warranties contained in the deed or bill of sale. 472 K. PRORATIONS; CREDITS: The following recurring items will be made current (if applicable) and prorated as of 473 the day prior to Closing bate, or date of occupancy If occupancy occurs before Closing Date: real estate taxes 474 (including special benefit tax assessments imposed by a ODD), interest, bonds, association fees, insurance, rents 475 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, 476 in which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required 477 by prorations to be made through day prior to Closing. Advance rent and security deposits, if any, will be credited 478 to Buyer, Escrow deposits held by Seller's mortgagee will be paid to Seller. Taxes shall be prorated based on 479 current year's tax. If Closing occurs on a date when current year's miliage is not fixed but current year's assessment 460 is available, taxes will be prorated based upon such assessment and prior year's millage. ; if current year's 481 assessment is not available, then taxes wili be prorated on prior year's tax. If there are completed improvements 482 on the Real Property by January 1'st of year. of Closing, which improvements were not in existence on January 1st 483 of prior year, then taxes shall be prorated based upon prior year's millage and at an equitable assessment to be 484 agreed upon between the parties, failing which, request shall be made to the County Property Appraiser for an 485 informal assessment taking into account available exemptions. In all cases, due allowance shall be made for the 486 maximum allowable discounts and applicable homestead and other exemptions. A tax proration based on an 487 estimate shall, at either party's request, be readjusted upon receipt of current year's tax bill. This STANDARD K 488 shall survive Closing. 489 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 490 shall, upon reasonable notice, provide utilities service and acCess to Property for appraisals and inspections, 491 including a walk-through (or follow-up walk-through if necessary) prior to Closing. 492 M. RISK OF LOSS: If, after Effective Date, but before Closing, Property is damaged by fire or other casualty 493 ("Casualty Loss") and cost of restoration (which shall include cost of pruning or removing damaged trees) does not 494 exceed 1.5%0 of Purchase Price, cost of restoration shall be an obligation of Seller and Closing shall proceed 495 pursuant to terms of this Contract. If restoration is not completed as of Closing, a sum equal to 125% of estimated Buyer's Initials Page 9 of 12 Seller's Initials FloridaRealtors/FioridaBar-ASIS-5 Rev.4/17 © 2017 Florida Reaitorse and The Florida Bar. All rights reserved. Licensed to Alta Star Software and ID. D-296319732.DLG8.114683 Software and added formatting 0 2018 Alta Star Software, all rights reserved. • www.altastar.eom • (877) 279-8898 STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") CONTINUED 496 cost to complete restoration (not to exceed 1.5% of Purchase Price) will be escrowed at Closing. If actual cost of 497 restoration exceeds escrowed amount, Seller shall pay such actual costs (but, not in excess of 1.5% of Purchase 498 Price). Any unused portion of escrowed amount shall be retumed to Seller. If cost of restoration exceeds 1.5% of 499 Purchase Price, Buyer shall elect to either take Property "as is" together with the 1.5%, or receive a refund of the 500 Deposit thereby releasing Buyer and Seller from all further obligations under this Contract. Seller's sole obligation 601 with respect to tree damage by casualty or other natural occurrence shall be cost of pruning or removal, 502 N. 1031 EXCHANGE: If either Seller or Buyer wish to enter into a like -kind exchange (either simultaneously with 603 Closing or deferred) under Section 1031 of the Internal Revenue Code ("Exchange"), the other party shall cooperate 604 in all reasonable respects to effectuate the Exchange, including execution of documents; provided, however, 505 cooperating party shall incur no liability or expense related to the Exchange, and Closing shall not be contingent 608 upon, nor extended or delayed by, such Exchange. . 507 O. CONTRACT NOT RECORDABLE;. PERSONS BOUND; NOTICE; DELIVERY; COPIES; CONTRACT 508 EXECUTION: Neither this Contract nor any notice of it shall be recorded in any public records. This Contract shall 509 be binding on, and inure to the benefit of, the parties and their respective heirs or successors in interest. Whenever 510 the context permits, singular shall include plural and one gender shall include all. Notice and delivery given by or to 511 the attorney or broker (including such broker's real estate licensee) representing any party shall be as effective as 512 if given by or to that party. All notices must be in writing and may be made by mail, personal delivery or electronic 51s (including "pdf' media, A facsimile or electronic (including "pdf) copy of this Contract and any signatures hereon 514 shall be considered for all purposes as an original. This Contract may be executed by use of electronic signatures, 515 as determined by Florida's Electronic Signature Act and other applicable laws. 516 P. INTEGRATION; MODIFICATION: This Contract contains the full and complete understanding and agreement 517 of Buyer and Seller with respect to the transaction contemplated by this Contract and no prior agreements or 518 representations shall be binding upon Buyer or Seller unless included in this Contract. No modification to or change 519 in this Contract shall be valid or binding upon Buyer or Seller unless in writing and executed by the parties intended 620 to be bound by it. 621 Q. WAIVER: Failure of Buyer or Seller to insist on compliance with, or strict performance of, any provision of this 522 Contract, or to take aavantage of any right under this Contract, shall not constitute a waiver of other provisions or 523 rights. 524 R. RIDERS; ADDENDA; TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Riders, addenda, and typewritten 525 or handwritten provisions shall control all printed provisions of this Contract in conflict with them. 526 S, COLLECTION or COLLECTED: "COLLECTION" or "COLLECTED" means any checks tendered or 527 received, including Deposits, have become actually and finally collected and deposited in the account of 528 Escrow Agent or Closing Agent. Closing and disbursement of funds and delivery of closing documents 529 may be delayed by Closing Agent until such amounts have been COLLECTED in Closing Agent's accounts. 530 T. RESERVED. 531 U. APPLICABLE LAW AND VENUE: This Contract shall be construed in accordance with the laws of the State 632 of Florida and venue for resolution of all disputes; whether by mediation, arbitration or litigation, shall lie in the 633 county where the Real Property is located. 834 V. FIRPTA TAX WITHHOLDING: If a seller of U.S, real property is a "foreign person" as defined by FIRPTA, 535 Section 1445 of the Internal Revenue Code ("Code') requires the buyer of the real property to withhold up to 15% 536 of the amount realized by the seller on the transfer and remit the withheld amount to the. Internal Revenue Service 537 (IRS) unless an exemption to the required withholding applies or the seller has obtained a Withholding Certificate 538 from the IRS authorizing a reduced amount of withholding. 839 (i) No withholding is required under Section 1445 of the Code if the Seller is not a "foreign person". Seller can 540 provide proof of non -foreign status to Buyer by delivery of written certification signed under penalties of perjury, 641 stating that Seller is not a foreign person and containing Seller's name, U,S, taxpayer identification number and 642 home address (or office address, in the case of an entity), as provided for in 26 CFR 1.1445-2(b). Otherwise, Buyer 543 shall withhold the applicable percentage of the amount realized by Seller on the transfer and timely remit said funds 544 to the IRS. 545 (ii) If Seller is a foreign person and has received a Withholding Certificate from the IRS which provides for reduced 640 or eliminated withholding in this transaction and provides same to Buyer by Closing, then Buyer shall withhold the 547 reduced sum required, if any, and timely remit said funds to the IRS, 648 (ill) If prior to Closing Seiler has submitted a completed application to the IRS for a Withholding Certificate and has 549 provided to Buyer the notice required by 26 CFR 1.1445-1(c) (2)(i)(B) but no Withholding Certificate has been 550 received as of Closing, Buyer shall, at Closing, withhold the applicable percentage of the amount realized by Seller 551 on the transfer and, at Buyer's option, either (a) timely remit the withheld funds to the IRS or (b) place the funds in 552 escrow, at Seller's expense, with an escrow agent selected by Buyer and pursuant to terms negotiated by the Buyer's Initials Page 10 of 12 Seller's initials FloridaRealtors/FloridaBar-ASiS-5 Rev.4/17 2017 Florida Realtors & and The Florida Bar. All rights reserved. Licensed to Alta Star Software anal(); 0-296319732.0LG8.114683 Software and added formatting 0 2018 Alta Star Software, all rights reserved. • www.altastar.com • (877) 2794888 553 554 555 656 557 556 659 560 661 562 563 564 586 566 567 STANDARDS FOR REAL ESTATE TRANSACTIONS ("STANDARDS") CONTINUED parties, to be subsequently disbursed in accordance with the Withholding Certificate issued by the IRS or remitted directly to the IRS if the Seller's application is rejected or upon terms set forth in the escrow agreement. (iv) In the event the net proceeds due Seller are not sufficient to meet the withholding requirement(s) in this transaction, Seller shall deliver to Buyer, at Closing, the additional COLLECTED funds necessary to satisfy the applicable requirement and thereafter Buyer shall timely remit said funds to the IRS or escrow the funds for disbursement in accordance with the final determination of the IRS, as applicable, (v) Upon remitting funds to the IRS pursuant to this STANDARD, Buyer shall provide Seller copies of IRS Forms 8288 and 8288-A, as filed. W. RESERVED X.-0-the VAtt 111 pwmittethbriewriihdyer er and against any real estate licensee involved in the negotiation of this Contra age or defects pertaining to the physical condition of the Property th a losing of this Contract and be subsequently discovered by the Su er c aiming by, through, under or against the Buyer. This provision does not r ' ue f s obligation to comply with Paragraph 10(1). This Standard X shall survive 668 ADDENDA AND ADDITIONAL TERMS, 569* 19. ADDENDA: The following additional terms are included in the attached addenda or riders and incorporated into this 570 Contract (Check if applicable): Cl A. Condominium Rider ❑ K. ❑ B. Homeowners' Assn. C7 L. 0 C. Seller Financing 0 M. 0 D. Mortgage Assumption ❑ N. 0 E. FHA/VA Financing ❑ F. Appraisal Contingency 0 O. © G. Short Sale ❑ P. • H. Homeowners/Flood Ins. 0 Q. I. RESERVED ❑ R. • J. Interest -Bearing Acct. ❑ S. 571* 20. ADDITIONAL TERMS: 572 573 574 575 576 577 678 579 680 581 682 583 584 585 586 587 588 RESERVED RESERVED Defective Drywall Coastal Construction Control Line insulation Disclosure Lead Paint Disclosure (Pre-1978) Housing for Older Persons Rezoning Lease Purchase/ Lease Option See attached addendum. ❑ T. Pre -Closing Occupancy CI U. Post -Closing Occupancy El V. Sale of Buyer's Property El W, Backup Contract ❑ X. Kick -out Clause O Y, Seller's Attorney Approval ❑ Z. Buyer's Attorney Approval © AA Licensee Property Interest ❑ BB. Binding Arbitration ❑ Other: COUNTER-OFFER/REJECTION 689* 17 Seller counters Buyer's offer (to accept the counter-offer, Buyer must sign or initial the counter -offered terms and 690 deliver a copy of the acceptance to Seller). 591* ❑ Seller rejects Buyer's offer. Buyer's Initials Page 11 of 12 Seller's Initials FlorldaRealtors/FloridaBar-ASIS-5 Rev,4/17 © 2017 Florida Realtors® and The Florida Bar. All rights reserved. Licensed to Alta Star Software. and ID: D•296319732.DLG8.114683 Software and added formatting 02018 Alta Star Software, al! rights reserved. • vvww.a►tastar.com • (877) 279-8898 592 THiS iS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK THE 693 ADVICE OF AN ATTORNEY PRIOR TO SIGNING. 694 THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR. 595 Approval of this form by the Florida Realtors and The Florida Bar does not constitute an opinion that any of the 696 terms and conditions in this Contract should be accepted by the parties in a particular transaction. Terms and 597 conditions should be negotiated based upon the respective interests, objectives and bargaining positions of all 696 interested persons. 599 AN ASTERISK (*) FOLLOWING A LINE NUMBER IN THE MARGIN INDICATES THE LINE CONTAINS A BLANK 600 TO BE COMPLETED. 601* Buyer: Date: 602* Buyer: Date: Southeast Overtown/Park West Community Redevelopment Agency 603* Seller: By: Cornelius ShiXver, Executive Director 604* Seller:; 605 Buyer's address for purposes of notice 606* See addendum, 607* 608* Date: Date: Seller's address for purposes of notice See addendum. 609 BROKER: It istirtg-art ng ro ers, I any, name a ow co ec lye y, a cers 610 entitled to compensation in connection with this Contract. Instruction to CIosin t-6eiie and Buyer direct 611 Closing Agent to disburse at Closing the full amount of the broke #sas specified in separate brokerage 812 agreements with the parties and cooperative agreeme een the Brokers, except to the extent Broker has 613 retained such fees from the escrowed funds, n ract shall not modify any MLS or other offer of compensation 614 made by Seller or Listing Broker to • • -rating Brokers. 615* 616 Cooperatin• - • es Associate, if any 617* 618 ing =ro Listing Sales Associate See addendum. Buyer's Initials Page 12 of 12 Seller's Inllals FloridaRealtors/FloridaBar-ASIS-5 Rev.4/17 (w 2017 Florida Realtors® and The Florida Bar. All rights reserved. licensed to Alta Star Software and ID; D-296319732.DLG8.114683 Software and added formatting m 2018 Alta Star Software, all rights reserved. • www.altastar.com • (877) 279-8898 ALTA STLR A. Settlement Statement Buyer/Seller Settlement Statement B. Type of Loan 0 1. FHA (J 4.V,A. 0 2..FmHA 0 3, Cony. Unins, 0 5.Coray.lne, Filo Number 18.0027 l0: 7, Loan Number 8. Mortg. Ins. Caeo Num. C. NOTE:This (arm is furnishedto.glvs you o statement of as not sisti)(nen( cos Amounts paid to and°bylhe so ltlenlenl'agenl are shown, Reins marked '(p,o.o,)" were paid Weld() the closing} they ore shown here fartnMrrnailonal purposes,and are npl included In the totals: 0. NAME of BUYER: Address of Buyer: E. NAME OF SELLER: Address of Seller: F. NAME OF LENDER: Address of Lender: G. PROPERTY LOCATION: 222 NW 17Street, Mama Florid 33138 H. SETTLEMENT AGENT: Real Property Title: Group, LLO Place. of Settlement: Suite 100, Grove Professional' Bldg, 2950 SW 27th Avenue, Mimi, Florida 3313 Washington Hsights LLC 250 NE 17 Terrace,_ Ste 204,. Miiami, Florida 33132 Lee Investors Group LLC, a Florida limited liability corporation 6706 SW 129 Place, Mtemi, Florida 33153. 1. SETTLEMENT OATS: 3/1/18 DISBURSEMENT SATE: 3i1/18 TIN: 20-4343409 .TIN::20.4847042 Phena: 905388.480 J. Summary of buyers transaction 100. Gross amount due from buyer: 101. Gontraotsalss`,pdce 108.000i00 K. Summary of seller's transaction 400. Gross amount due to sellers' 108,000,00 401. Contract sales price 1.02. Personal property 402, Personal properly 103. Se dement chargos to buyer (Line 1+/00) 1,978,50 403. 104. 404, 105. 405. Adtustiii'etitsTo tterna . aid b' setlerin"advant:e. m "-a ., r. : AdjUet rtentsi6"t ftetii5 .aid"b"Sellerihadt7tiltsar 406. C lyftown loxes; ... . " 106:- City ngwn taxes. 107. County faxes 407. Coohty taxes 108. Assessments 408. Assn 10g: 409. 110. 410. 411, 112. 412, 120, Gross amount due from buyer: 109,078,50 420. Gross amount due to seller: - 108,000.00 800 Amounts paid or in tfehalf of buyer ; = 500.;Reductions in amount due to seller; 201, Depositor earnest rnongy 5,000.00 501. Excess deposit (see instructions) 202. Princlpat amount of new, tosn(s). 502, 0otdomont charges to seller (lino 1400) 7,5,32;60 243. 1o50g loan(s) taketr sukjent to 503, Exlls0ng ioon(s) Been subieo to 204. Princlpat amount of secoo€tgaga 504. Payoff of firstlrtori0age loan 205. 506, Payoff bond motto loan 206. 800. Gepossits hold by setter 207. Principal amt of mortgage: held by seller 507. Principal amt or nrnrtfiage held by seller 208. 508 209. 609. Ad ustments for items un .. id by seller.: Adjustments for Items un. aid by seller :' a .... 210. Cltyttavm taxes 510, City4awn tdoos 2f1, C'ouhkYtaxes from 01i0i118to 03/01/1.8 149,30 611, Countytaros frorii 01(01/18 tb 03104t18 140.30 212. Assessgtants 812. Asscssmenls 213, 613. 214, 514. 215, 615. 2IOe 217. "317. 218> 578. 219. 519. 22t1:'Total paid by/for buyer: 5,149.30 620. Total reductions in antoufrt duo seller: 7,681.80 3 0:ICssbatsettlementfram/tobuyer: COO .Cash atsettlement tolerant seller: 301. gross amount flue from buyer' (1ih4120) 109,978.50 6.0 i. Gross amount' due to setter (Incf420). 108,0t10,00 302. Less amauntpaid bylfor the buyer (line 220) (6,149;30) 602. less total reductions in amount dull salter (line620) (7,681.80)'. 303. Gash ( ElFrom f Ta ) Buyer: 104,829.20 003, Cash ( El To 4..J Front .) Setter. 100,318,20 Substitute Form '1099Wier Statement: : The information contained -in bloc furnished to the IRS. If you are required to file a retunt, a hcgllgonoe penalty or o0 determines Chet it has not been reported. H. and I and on line 401 Is Important ton Information and Isbeing notion will he Imposed on you If this Item' In required to be reported and the RRS, Seller Instructions: If this real estate was your principal residence, file Fori1121'10, Sale or Exchange of Principal' Residence, foe any gain, with yaw lox return: for other transactions, compieto the applicable parts of Form 4797, Form 0202 and/or Schedule 0 (Form 1040). Buyer's Initlai(e)C Buyer/Salle ttieiner atomont Page 2 L. Settlement charges Buyer POC Seller Poo 700. Total Sales/Brokers Cam; based onpr1co 8108,000,00 .( 5.0000 °%= 5,400.00 perd from Buyer's Funds at Settlement Pafp from Seller's Funds et Settlement 701, 2,700.00 2.5000t%toCreative Lifestyle "Realty 702. 2,700,00. 2.5000 %to Delphi Investment Realty 703. Commfselon.pald atsat0ament 5.400.00 704. Compliance Fee to Delphi Wash/lent Realty 395,00 800..Items payable in connection with loan: - =:. Buyer POC-.Seller POC 801, Loan ori0lnaiion fee "%io 802. Loan discount e%to 803. Appraisal fee to 804. Credit report to 805. Landers inspection fee to 806. Mortgage Insurance app 01ation faa to 807, AssUniptlon Fee (p 808, to 809. to 810 to 811_ to 900. Items required by lender to be paid In advance: - :. Buyer POG Seiler POC OW. Inter esffrom to (07 /daY 902. Mortgage insurance premium for ptonth's to 903: Hazard insurance premium for Years to 904. Flood Insurance premlum.for years to 905. 'ars to 1000. Reserves" deposited with lender. _. stayerPOG;. SellerPOC 1001. Hazard insurance: months per month 1002, Mortgage insurance rtlonths'(a; per month 1001. City property taxes maniha (( per month 1004. County properly taxes months aA per month 1005. Annual assessments months (a? permanth 1006.;Flood insurance months per month 1007, months; a par month 1008.: months:fat per Month 1009, AOyro pr1e eco urrting adjustment 1100.Tiile oherytea1< Buyer POC'; Seller P00 1101:, Sehiemenl or ataslnq fee to Real Property Title Group, LLC 625.00 1102. Abstract or title search 10 Attorneys Title Insurance Fund„ inc.,.. 275.00 1103, Title examination to 1104. Title insurenee binder to 1105. Document preparation to 1100. Notary fees to 1107. Attorneys Fees- to Isis Valle, P.A, 500.00 (Includes above ittm numbers: i. 1108. 'Title Insurance to Old Republic Nat, Titie/Raa1 Property 615.00 (Includes above item numbers: 1109; Laridor's coverage (Premium): 1110. Owner's coverage (Premium): 51p8,000.00 (0810.00). 1111.. 'Endorse:" 1112. Filo Set Up /Imaging Fee to Peperiesa Storage Solutions 60.00 1113. Municipal Lien Search to Landmark Lien Services Corp 325.00 1200. Goverment recording: and transfer charges: 1201. Recording fees Deed $10.00 Morigisge(s) Releases 10.00 1202,lCityieountylax/stanipe peed $486.00 Mortgage(s) 486.00 1203,:Stale tax/Stamps Deed $048.00 Marlgagefs) 648.00. 1204, Roc. LLCAff I, Resolution to Clerk of the Circuit Court 10,00 25.50 1205: to 1301. Suryey d 1302; Post jespootron: to 1303. Office Coats to Isis Valle, P.A. 50.00 j304. Courier/FedExdCaples/WIre Transfer/Mlac to RPTG/FED EX(pfrecLGcurler 50.00 1305. to 1306., to 1307; ta. 1308, to 1309: 1400. Total settlement charges: ( Enter on lines '1r03, Section .1 and 502: Section 14) 1,97850 7,532.50 I home carefelly reviewed the.Satttsnrent 0taiementand to the hest of my imm:vie+ my account -or by me in this transerllon. I ttlrther certify that 1 have r telvsd a cal Washington Heights LLD Aaron Goldstein, Manager Manuel 0.Hadad, Manager The Settlement Statement whith I stateb5eal. Real Properly Title:Gro"n+ AS ItSAulhorldtd'l3eprosuntaii WARNING: it is a crime to krywbngly make false statem fine and imprisonment Per details see; Title 16 U.S. Co Buyer Buyer end. t/nitaf, It is a true and': accurate ct t the ;Selttementstatamont Lae vestars Gro Sy: � T ttd accurate es um of this -Iran sara ion. Date ntaf all raret arid disbursements. it Seller /e Ia jd. Castro; Managing'. Member Seller ko be disbUtsed Ua accordance with this is 49 Ole united States on this or any°the. similar rem. Penalties on conviction con include.a Section 1001 and Section 1010. 0oubleTimo'D +rrcyssr 4r)«rr4 d 203. rt6s2 s l 3aw (fj lNcm 204. P:reale teacart 200. 201 Pry r runt a eta 2t2.Auaa 213. 210, tP.�„,, t21?, ,'$9, L gra 5,�07i tTt:Go�tracitaw 30 radrx:0am 3rrmould5. `1'.-4,40•r4