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A�ifhentisiyn�ID:(i•:r!f[faP-06't�-f3&11Ta�4a4?ti<!`7'164',475,f�HIC1:7�PTYXiFi <br />165 = (2) 9 No Due Diligence Period: Buyer is satisfied that the Property is suitable for Buyer's purposes, <br />166 including being satisfied that either public sewerage and water are available to the Property or the <br />167 Property will be approved for the installation of a well and/or private sewerage disposal system and that <br />168 existing zoning and other pertinent regulations and restrictions, such as subdivision or deed restrictions, <br />169 concurrency, growth management, and environmental conditions, are acceptable to Buyer. This Contract <br />170 is not contingent on Buyer conducting any further investigations. <br />171 (b) Government Regulations: Changes in government regulations and levels of service which affect Buyer's <br />172 intended use of the Property will not be grounds for terminating this Contract if the Due Diligence Period has <br />173 expired or if Paragraph 9(a)(2) is selected. <br />174 (c) Flood Zone: Buyer is advised to verify by survey, with the lender, and with appropriate government agencies <br />175 which flood zone the Property is in, whether flood insurance is required, and what restrictions apply to <br />176 improving the Property and rebuilding in the event of casualty. <br />177 (d) Coastal Construction Control Line ("CCCL"): If any part of the Property lies seaward of the CCCL as <br />178 defined in Section 161.053, Florida Statutes, Seller will provide Buyer with an affidavit or survey as required <br />179 by law delineating the line's location on the Property, unless Buyer waives this requirement in writing. The <br />180 Property being purchased may be subject to coastal erosion and to federal, state, or local regulations that <br />181 govern coastal property, including delineation of the CCCL, rigid coastal protection structures, beach <br />182 nourishment, and the protection of marine turtles. Additional information can be obtained from the Florida <br />183 Department of Environmental Protection, including whether there are significant erosion conditions associated <br />184 with the shore line of the Property being purchased. <br />1854 ❑ Buyer waives the right to receive a CCCL affidavit or survey. <br />186 10. Closing Procedure; Costs: Closing will take place in the county where the Property is located and may be <br />187 conducted by mail or electronic means. If title insurance insures Buyer for title defects arising between the title <br />188 binder effective date and recording of Buyer's deed, closing agent will disburse at closing the net sale proceeds to <br />189 Seller (in local cashier's check if Seller requests in writing at least 5 days before closing) and brokerage fees to <br />190 Broker as per Paragraph 21, In addition to other expenses provided in this Contract, Seller and Buyer will pay the <br />191 costs indicated below. <br />192 (a) Seller Costs: <br />193 Taxes on deed <br />194 Recording fees for documents needed to cure title <br />195 Title evidence (if applicable under Paragraph o) <br />196 Estoppel Fee(s) <br />197 4 Other: <br />198 (b) Buyer Costs: <br />199 Taxes and recording fees on notes and mortgages <br />200 Recording fees on the deed and financing statements <br />201 Loan expenses <br />202 Title evidence (if applicable under Paragraph 8) <br />203 Lender's title policy at the simultaneous issue rate <br />204 Inspections <br />205 Survey <br />206 Insurance <br />207* Other: <br />208 (c) Prorations: The following items will be made current and prorated as of the day before Closing Date: real <br />209 estate taxes (including special benefit tax liens imposed by a CDD), interest, bonds, assessments, leases, and <br />210 other Property expenses and revenues. If taxes and assessments for the current year cannot be determined, <br />211 the previous year's rates will be used with adjustment for any exemptions. <br />212 (d) Special Assessment by Public Body: Regarding special assessments imposed by a public body, Seller will <br />213 pay (i) the full amount of liens that are certified, confirmed, and ratified before closing and (ii) the amount of the <br />214 last estimate of the assessment if an improvement is substantially completed as of Effective Date but has not <br />215 resulted in a lien before closing; and Buyer will pay all other amounts. If special assessments may be paid in <br />2164 installments, ❑ Seller ❑ Buyer (Buyer if left blank) will pay installments due after closing. If Seller is <br />217 checked, Seller will pay the assessment in full before or at the time of closing. Public body does not include a <br />218 Homeowners' or Condominium Association. <br />219 (e) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT <br />220 PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT BUYER MAY BE OBLIGATED TO <br />221 PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY <br />Buyer ()) ()jand Se er ( (_) acknowledge receipt of a copy of this page, which is 4 of 8 pages. <br />VAC-14xX-"-Rev 7123' " ©2023 Florida Realtors® <br />This software is licensed to [Ms. Nancy Groves - YELLOW DOOR REALTY LLC) www.transactiondesk.com. ',TRAN$ACTION$ <br />