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Form Simplicity
<br />6/15/18,10:24 AM
<br />219 (f) LEAD-BASED PAINT: If Property includes pre -1978 residential housing, a lead-based paint disclosure is
<br />220 mandatory.
<br />221 (g) HOMEOWNERS' ASSOCIATIOWCOMMUNITY DISCLOSURE: BUYER SHOULD NOT EXECUTE THIS
<br />222 CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS'
<br />223 ASSOCIATIOWCOMMUNITY DISCLOSURE, IF APPLICABLE.
<br />224 (h) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT
<br />225 PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED TO
<br />226 PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY
<br />227 IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN HIGHER
<br />226 PROPERTY TAXES. IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION, CONTACT THE
<br />229 COUNTY PROPERTY APPRAISER'S OFFICE FOR INFORMATION.
<br />230 (i) FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT ("FIRPTA"): Seller shall inform Buyer in writing if
<br />231 Seller is a "foreign person" as defined by the Foreign Investment in Real Property Tax Act ("FIRPTA"). Buyer
<br />232 and Seller shall comply with FIRPTA, which may require Seller to provide additional cash at Closing. If Seller
<br />233 is not a "foreign person", Seiler can provide Buyer, at or prior to Closing, a certification of non -foreign status,
<br />234 under penalties of perjury, to inform Buyer and Closing Agent that no withholding is required. See STANDARD
<br />235 V for further information pertaining to FIRPTA. Buyer and Seller are advised to seek legal counsel and tax
<br />236 advice regarding their respective rights, obligations, reporting and withholding requirements pursuant to
<br />237 FIRPTA.
<br />236 (j) SELLER DISCLOSURE: Seller knows of no facts materially affecting the value of the Real Property which are
<br />239 not readily observable and which have not been disclosed to Buyer. Except as provided for in the preceding
<br />240 sentence, Seller extends and intends no warranty and makes no representation of any type, either express or
<br />241 implied, as to the physical condition or history of the Property. Except as otherwise disclosed in writing Seller
<br />242 has received no written or verbal notice from any governmental entity or agency as to a currently uncorrected
<br />243 building, environmental or safety code violation.
<br />244 PROPERTY MAINTENANCE, CONDITION, INSPECTIONS AND EXAMINATIONS
<br />245 11. PROPERTY MAINTENANCE: Except for ordinary wear and tear and Casualty Loss, Seller shall maintain the
<br />246 Property, including, but not limited to, lawn, shrubbery, and pool, in the condition existing as of Effective Date ("AS
<br />247 IS Maintenance Requirement").
<br />246 12. PROPERTY INSPECTION; RIGHT TO CANCEL:
<br />249• (a) PROPERTY INSPECTIONS AND RIGHT TO CANCEL: Buyer shall have 55 (if left blank, then 15)
<br />250 days after Effective Date ("Inspection Period") within which to have such Inspections of the Property
<br />251 performed as Buyer shall desire during the Inspection Period. If Buyer determines, in Buyer's sole
<br />252 discretion, that the Property is not acceptable to Buyer, Buyer may terminate this Contract by delivering
<br />253 written notice of such election to Seller prior to expiration of Inspection Period K Buyer timely
<br />254 terminates this Contract the Deposit paid shall be returned to Buyer, thereupon, Buyer and Seller shall
<br />255 be released of all further obligations under this Contract, however, Buyer shall be responsible for
<br />256 prompt payment for such inspections, for repair of damage to, and restoration of, the Property resulting
<br />257 from such inspections, and shall provide Seller with paid receipts for all work done on the Property (the
<br />256 preceding provision shall survive termination of this Contract). Unless Buyer exercises the right to
<br />259 terminate granted herein, Buyer accepts the physical condition of the Property and any violation of
<br />260 governmental, building, environmental, and safety codes, restrictions, or requirements, but subject to
<br />261 Seller's continuing AS IS Maintenance Requirement, and Buyer shall be responsible for any and all
<br />262 repairs and improvements required by Buyer's lender.
<br />263 (b) WALK-THROUGH INSPECTIOWRE-INSPECTION: On the day prior to Closing Date, or on Closing Date prior
<br />264 to time of Closing, as specified by Buyer, Buyer or Buyer's representative may perform a walk-through (and
<br />265 follow-up walk-through, if necessary) inspection of the Property solely to confirm that all items of Personal
<br />266 Property are on the Property and to verify that Seller has maintained the Property as required by the AS IS
<br />267 Maintenance Requirement and has met all other contractual obligations.
<br />266 (c) SELLER ASSISTANCE AND COOPERATION IN CLOSE-OUT OF BUILDING PERMITS: if Buyer's inspection
<br />269 of the Property identifies open or needed building permits, then Seller shall promptly deliver to Buyer all plans,
<br />270 written documentation or other information in Seller's possession, knowledge, or control relating to
<br />271 improvements to the Property which are the subject of such open or needed Permits, and shall promptly
<br />272 cooperate in good faith with Buyer's efforts to obtain estimates of repairs or other work necessary to resolve
<br />273 such Permit issues. Seller's obligation to cooperate shall include Seller's execution of necessary authorizations,
<br />Buyer's Initials Page 5 of 12 Seller's Initials
<br />FiondaReaitors/Floj Bar -ASIS -5 Rev.4/17 ® 2017 Florida Realtors* and The Florida Bar. All rights reserved.
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