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"AS IS" Residential Contract
<br />For Sale And Purchase
<br />THIS FORM HAS BEEN APPROVED BY
<br />THE FLORIDA REALTORS AND THE FLORIDA BAR
<br />Boridat Realtors,
<br />1* PARTIES: Lilian Carroll as Personal Representative of the Estate of John N. Casselberry ("Seller"),
<br />2* and City of Casselberry, a Florida Municipal Corporation ("Buyer"),
<br />3 agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal Property
<br />4 (collectively "Property") pursuant to the terms and conditions of this AS IS Residential Contract For Sale And Purchase
<br />5 and any riders and addenda ("Contract"):
<br />6 1. PROPERTY DESCRIPTION:
<br />7* (a) Street address, city, zip: 700 South Lost Lake Lane, Casselberry, Florida 32707
<br />8* (b) Located in: Seminole County, Florida. Property Tax ID #: 16-21-30-504-OD00-0140
<br />9* (c) Real Property: The legal description is Described in Exhibit "1"
<br />10
<br />11
<br />12 together with all existing improvements and fixtures, including built-in appliances, built-in furnishings and
<br />13 attached wall-to-wall carpeting and flooring ("Real Property") unless specifically excluded in Paragraph 1(e) or
<br />14 by other terms of this Contract.
<br />15 (d) Personal Property: Unless excluded in Paragraph 1(e) or by other terms of this Contract, the following items
<br />16 which are owned by Seller and existing on the Property as of the date of the initial offer are included in the
<br />17 purchase: range(s)/oven(s), refrigerator(s), dishwasher(s), disposal, ceiling fan(s), intercom, light fixture(s),
<br />18 drapery rods and draperies, blinds, window treatments, smoke detector(s), garage door opener(s), security gate
<br />19 and other access devices, and storm shutters/panels ("Personal Property"). See Addendum 1
<br />20* Other Personal Property items included in this purchase are: None
<br />21
<br />22 Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer.
<br />23* (e) The following items are excluded from the purchase: See Addendum 1
<br />24
<br />25 PURCHASE PRICE AND CLOSING
<br />26* 2. PURCHASE PRICE (U.S. currency): .............................................................. .......................... ...... $ 1,250,000.00
<br />27* (a) Initial deposit to be held in escrow in the amount of (checks subject to COLLECTION) .......$ "L,ouu.uu
<br />28 The initial deposit made payable and delivered to "Escrow Agent" named below
<br />29* (CHECK ONE): (i) ❑ accompanies offer or (ii) M is to be made within 5 (if left
<br />30 blank, then 3) days after Effective Date. IF NEITHER BOX IS CHECKED, THEN
<br />31 OPTION (ii) SHALL BE DEEMED SELECTED.
<br />32* Escrow Agent Information: Name: Garganese, Weiss, D'Agresta, & Salzman, P.A.
<br />33* Address: PO Box 2873, 111 N. Orange Ave., Ste 2000, Orlando, FL 32802-2873
<br />34* Phone: (407)425-9566 E-mail: creischmann@orlandolaw.nggax: (407) 425-9596
<br />35* (b) Additional deposit to be delivered to Escrow Agent within (if left blank, then 10)
<br />36* days after Effective Date........................................................................................................... $ 0.00
<br />37 (All deposits paid or agreed to be paid, are collectively referred to as the "Deposit")
<br />38* (c) Financing: Express as a dollar amount or percentage ("Loan Amount") see Paragraph 8......... 700,000.00
<br />39* (d) Other: $ 0.00
<br />40 (e) Balance to close (not including Buyer's closing costs, prepaids and prorations) by wire
<br />41* transfer or other COLLECTED funds$ 537,500,00
<br />.........................................................
<br />42 NOTE: For the definition of "COLLECTION" or "COLLECTED" see STANDARD S.
<br />43 3. TIME FOR ACCEPTANCE OF OFFER AND COUNTER-OFFERS; EFFECTIVE DATE:
<br />44 (a) If not signed by Buyer and Seller, and an executed copy delivered to all parties on or before
<br />45* June 15, 2021 , this offer shall be deemed withdrawn and the Deposit, if any, shall be returned to
<br />46 Buyer. Unless otherwise stated, time for acceptance of any counter-offers shall be within 2 days after the day
<br />47 the counter-offer is delivered.
<br />48 (b) The effective date of this Contract shall be the date when the last one of the Buyer and Seller has signed or
<br />49 initialed and delivered this offer or final counter-offer ("Effective Date").
<br />50 4. CLOSING DATE: Unless modified by other provisions of this Contract, the closing of this transaction shall occur
<br />51 and the closing documents required to be furnished by each party pursuant to this Contract shall be delivered
<br />52* ("Closing") on ("Closing Date"), at the time established by the Closing�Agbnt.
<br />Monday, July 14, 2021 Ds
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<br />C.
<br />Buyer's Initials Page 1 of 12 Seller's Initia s _
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