19-3106 Approving Vacant Land Contract with Daypart, LLC for Five Parcels Adjacent to Casselberry Golf Course

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Form Simplicity 7/3/19, 2:38 PM 164 and other pertinent regulations and restrictions, such as subdivision or deed restrictions, concurrency, 165 growth management, and environmental conditions, are acceptable to Buyer. This contract is not 166 contingent on Buyer conducting any further investigations. 167 (b) Government Regulations: Changes in government regulations and levels of service which affect Buyer's 168 intended use of the Property will not be grounds for terminating this contract if the Feasibility Study Period has 169 expired or if Paragraph 8(a)(2) is selected. 170 (c) Flood Zone: Buyer is advised to verify by survey, with the lender, and with appropriate government 171 agencies which flood zone the Property is in, whether flood insurance is required, and what restrictions apply 172 to improving the Property and rebuilding in the event of casualty. 173 (d) Coastal Construction Control Line ("CCCL"): If any part of the Property lies seaward of the CCCL as 174 defined in Section 161.053, Florida Statutes, Seller will provide Buyer with an affidavit or survey as required 175 by law delineating the line's location on the Property, unless Buyer waives this requirement in writing. The 176 Property being purchased may be subject to coastal erosion and to federal, state, or local regulations that 177 govern coastal property, including delineation of the CCCL, rigid coastal protection structures, beach 178 nourishment, and the protection of marine turtles. Additional information can be obtained from the Florida 179 Department of Environmental Protection, including whether there are significant erosion conditions associated 180 with the shore line of the Property being purchased. 181 • ❑ Buyer waives the right to receive a CCCL affidavit or survey. 182 9. Closing Procedure; Costs: Closing will take place in the county where the Property is located and may be 183 conducted by mail or electronic means. If title insurance insures Buyer for title defects arising between the title 184 binder effective date and recording of Buyer's deed, closing agent will disburse at closing the net sale proceeds 185 to Seller (in local cashier's check if Seller requests in writing at least 5 days before closing) and brokerage fees to 186 Broker as per Paragraph 19. In addition to other expenses provided in this contract, Seller and Buyer will pay the 187 costs indicated below. 188 (a) Seller Costs: 189 Taxes on deed 190 Recording fees for documents needed to cure title 191 Title evidence (if applicable under Paragraph 7) 192• Other: *NOTE* Buyer Shall Pay Taxes on Deed and Recording Fees for Documents Needed to Cure Title 193 (b) Buyer Costs: 194 Taxes and recording fees on notes and mortgages 195 Recording fees on the deed and financing statements 196 Loan expenses 197 Title evidence (if applicable under Paragraph 7) 198 Lender's title policy at the simultaneous issue rate 199 Inspections 200 Survey 201 Insurance 202- Other: State Documentary Taxes on Deed and Recording Fees for Documents Needed to Cure Title, if any 203 (c) Prorations: The following items will be made current and prorated as of the day before Closing Date: real 204 estate taxes (including special benefit tax liens imposed by a CDD), interest, bonds, assessments, leases, 205 and other Property expenses and revenues. If taxes and assessments for the current year cannot be 206 determined, the previous year's rates will be used with adjustment for any exemptions. 207 (d) Special Assessment by Public Body: Regarding special assessments imposed by a public body, Seller 208 will pay (i) the full amount of liens that are certified, confirmed, and ratified before closing and (ii) the amount 209 of the last estimate of the assessment if an improvement is substantially completed as of Effective Date but 210 has not resulted in a lien before closing; and Buyer will pay all other amounts. If special assessments may be 211< paid in installments, ❑ Seller 0 Buyer (Buyer if left blank) will pay installments due after closing. If Seller is 212 checked, Seller will pay the assessment in full before or at the time of closing. Public body does not include a 213 Homeowners' or Condominium Association. 214 (e) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT 215 PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT BUYER MAY BE OBLIGATED TO 216 PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY 217 IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN 218 HIGHER PROPERTY TAXES. IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION, CONTACT 219 THE COUNTY PROPERTY APPRAISER'S OFFICE FOR FURTHER INFORMATION. Buyer _ {) and Seller O {) acknowledge receipt of a copy of this page, which is 4 of 7 pages. VAC -11 ReU 61,17 02017 Florida Realtors" Serial#: 015849-200156-2179010 "-. Foal Simplicity https://forms.flor!dareaItors.org/users/renderpdfviewer Page 4 of 7