20-3191 Approving Sale to AAA Homes, LLC - 1037 Bluebell Dr

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Form Simplicity 9/2/20, 4:38 PM 165 (2) X No Feasibility Study: Buyer is satisfied that the Property is suitable for Buyer's purposes, including 166 being satisfied that either public sewerage and water are available to the Property or the Property will be 167 approved for the installation of a well and/or private sewerage disposal system and that existing zoning 168 and other pertinent regulations and restrictions, such as subdivision or deed restrictions, concurrency, 169 growth management, and environmental conditions, are acceptable to Buyer. This contract is not 170 contingent on Buyer conducting any further investigations. 171 (b) Government Regulations: Changes in government regulations and levels of service which affect Buyer's 172 intended use of the Prop" will not be grounds for terminating this contract if the Feasibility Study Period has 173 expired or if Paragraph 9(a)(2) is selected. 174 (c) Flood Zone: Buyer is advised to verify by survey, with the lender, and with appropriate government agencies 175 which flood zone the Property is in, whether flood insurance Is required, and what restrictions apply to 176 improving the Property and rebuilding in the event of casualty. 177 (d) Coastal Construction Control Line ("CCCL"): If any part of the Prop" lies seaward of the CCCL as 178 defined in Section 161.053, Florida Statutes, Seller will provide Buyer with an affidavit or survey as required 179 by law delineating the line's location on the Property, unless Buyer waives this requirement in writing. The 180 Property being purchased may be subject to coastal erosion and to federal, state, or local regulations that 181 govern coastal property, including delineation of the CCCL, rigid coastal protection structures, beach 182 nourishment, and the protection of marine turtles. Additional information can be obtained from the Florida 183 Department of Environmental Protection, including whether there are significant erosion conditions associated 184 with the shore line of the Property being purchased. 185 El Buyer waives the right to receive a CCCL affidavit or survey. 186 187 188 189 190 191 192 193 194 195 196 197 198 (b) Buyer Costs. 199 Taxes and recording fees on notes and mortgages 200 Recording fees on the deed and financing statements 201 Loan expenses 202 Title evidence (if applicable under Paragraph 8) 203 Lender's title policy at the simultaneous issue rate 204 Inspections Survey Insurance Other: Costs associated with LLC (c) Prorations: The following items will be made current and prorated as of the day before Closing Date: real estate taxes (including special benefit tax lions imposed by a CDD), interest, bonds, assessments, leases, and other Property expenses and revenues. It taxes and assessments for the current year cannot be determined, the previous year's rates will be used with adjustment for any exemptions. (d) Special Assessment by Public Body: Regarding special assessments imposed by a public body, Seller will pay (1) the full amount of liens that are certified, confirmed, and ratified before closing and (ii) the amount of the last estimate of the assessment if an improvement is substantially completed as of Effective Date but has not resulted in a lien before closing; and Buyer will pay all other amounts. If special assessments may be paid in installments, El Seller 0 Buyer (Buyer if left blank) will pay installments due after closing. If Seller is chocked, Seller will pay the assessment in full before or at the time of closing. Public body does not include a Homeowners' or Condominium Association. (e) PROPERTY TAX DISCLOSURE SUMMARY- BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT BUYER MAY BE OBLIGATED TO PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY Buyer and Sell acknowledge receipt of a copy of this page, which Is 4 of 8 pages. VAO-1113 2/20 02020 Florida HaaltorV sorlftlC 5 1 rn p I i C I ty 10. Closing Procedure; Costs: Closing will take place in the county where the Property is located and may be conducted by mail or electronic means. If title insurance insures Buyer for title defects arising between the title binder effective date and recording of Buyer's deed, closing agent will disburse at closing the not sale proceeds to Seller (in local cashier's check if Seller requests in writing at least 5 days before closing) and brokerage fees to Broker as per Paragraph 21. In addition to other expenses provided in this contract, Seller and Buyer will pay the costs indicated below. (a) Seller Costs: Taxes on deed Recording fees for documents needed to cure title Title evidence (if applicable under Paragraph 8) Estoppel Fee(s) Other: 205 206 207* 208 209 210 211 212 213 214 215 216 217 218 219 220 221 https://forms2.floridareaItors.org/api/print/pdf-viewer Page 4 of 8