21-3243 - Approving Purchase Agreement - 700 South Lost Lake Lane

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164* ❑ (iii) [MIAMI-DADE/BROWARD 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; (B) 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 $ 169 (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"). PflC�li�ir�fff'S�� 172 PCt'�4�tX�1'�ttA4S��f�i�tlte�Ekr'f�fXXt#�tfi�lStki4tS�ft�Qat 173* (e) HOME WARRANTY: At Closing, ❑ Buyer ❑ Seller IN 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 lien 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* ❑ (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. 185* ❑ (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 190 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 193 exceed federal and state guidelines have been found in buildings in Florida. Additional information i lationi r egarding 194 radon and radon testing may be obtained from your county health department. 195 (b) i�ER4�PtSl?L�'Si�1I�f(2��{4i'�XPfL114H�frLEiPrttEiyelfxii4rF'fHMI�kiiPgf 196 197 198 13f kP��2S?'k2S�isiSti£sx�ffI�S2Skr%it�fi�r'SffIK3�PS�tfif�S�fyXfr''k�f2S�u�rx39i4, 200 W6 w6)%W"kHmWN0&"('g(e! X,1y 'MfKt x x x x x 201 (c) 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) FLOOD ZONE; ELEVATION CERTIFICATION: Buyer is advised to verify by elevation certificate which flood 204 zone the Property is in, whether flood insurance is required by Buyer's lender, and what restrictions apply to 205 improving the Property and rebuilding in the event of casualty. If Property is in a "Special Flood Hazard Area" 206 or "Coastal Barrier Resources Act" designated area or otherwise protected area identified by the U.S, Fish and 207 Wildlife Service under the Coastal Barrier Resources Act and the lowest floor elevation for the building(s) and/or 208 flood insurance rating purposes is below minimum flood elevation or is ineligible for flood insurance coverage 209 through the National Flood Insurance Program or private flood insurance as defined in 42 U.S.C. §4012a, Buyer 210* may terminate this Contract by delivering written notice to Seller within (if left blank, then 20) days after 211 Effective Date, and Buyer shall be refunded the Deposit thereby releasing Buyer and Seller from all further 212 obligations under this Contract, failing which Buyer accepts existing elevation of buildings and flood zone 213 designation of Property. The National Flood Insurance Program may assess additional fees or adjust premiums 214 for pre -Flood Insurance Rate Map (pre -FIRM) non -primary structures (residential structures in which the insured 215 or spouse does not reside for at least 50% of the year) and an elevation certificate may be required for actuarial 216 rating. 217 (e) ENERGY BROCHURE: Buyer acknowledges receipt of Florida Energy -Efficiency Rating Information Brochure 218 required by Section 553.996, F.S. DS Buyer's Initials Page 4 of 12 Seller's Initials, Florida Realtors/FloridaBar-ASIS-5x Rev.6/19 © 2017 Florida Realtors® and The Florida Bar. All rights reserved. Licensed to Alta Star Software and ID: D649071966.JBQY.102014 Software and added formatting © 2020 Alta Star Software, all rights reserved. • www.altastar.com • (877) 279-8898