24-3443 Approving Sale and Purchase Agreement for 106 Wilshire Drive

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165 search of records necessary for the owner's policy of title insurance to be issued without exception for unrecorded 166 liens imposed pursuant to Chapters 153, 159 or 170, F.S., in favor of any governmental body, authority or agency. 167 (CHECK ONE): 168 * ❑ (i) Seller shall designate Closing Agent and pay for Owner's Policy and Charges, and Buyer shall pay the 169* premium for Buyer's lender's policy and charges for closing services related to the lender's policy, 170 endorsements and loan closing, which amounts shall be paid by Buyer to Closing Agent or such other 171 provider(s) as Buyer may select; or 172* ® (ii) Buyer shall designate Closing Agent and pay for Owner's Policy and Charges and charges for closing 173 services related to Buyer's lender's policy, endorsements and loan closing; or 174 * ❑ (iii) [MIAMI-DADE/BROWARD REGIONAL PROVISION]: Buyer shall designate Closing Agent. Seller shall 175* furnish a copy of a prior owner's policy of title insurance or other evidence of title and pay fees for: (A) a 176 continuation or update of such title evidence, which is acceptable to Buyer's title insurance underwriter for 177 reissue of coverage; (B) tax search; and (C) municipal lien search. Buyer shall obtain and pay for post -Closing 178 continuation and premium for Buyer's owner's policy, and if applicable, Buyer's lender's policy. Seller shall not 179 * be obligated to pay more than $ (if left blank, then $200.00) for abstract continuation or title 180 search ordered or performed by Closing Agent. 181 (d) SURVEY: At least 5 days prior to Closing Date, Buyer may, at Buyer's expense, have the Real Property 182 surveyed and certified by a registered Florida surveyor ("Survey"). If Seller has a survey covering the Real 183 Property, a copy shall be furnished to Buyer and Closing Agent within 5 days after Effective Date. 184* (e) HOME WARRANTY: At Closing, ❑ Buyer ❑ Seller ® N/A shall pay for a home warranty plan issued by 185 * at a cost not to exceed $ . A home 186 warranty plan provides for repair or replacement of many of a home's mechanical systems and major built-in 187 appliances in the event of breakdown due to normal wear and tear during the agreement's warranty period. 188 (f) SPECIAL ASSESSMENTS: At Closing, Seller shall pay: (i) the full amount of liens imposed by a public body 189 ("public body" does not include a Condominium or Homeowner's Association) that are certified, confirmed and 190 ratified before Closing; and (ii) the amount of the public body's most recent estimate or assessment for an 191 improvement which is substantially complete as of Effective Date, but that has not resulted in a lien being 192 imposed on the Property before Closing. Buyer shall pay all other assessments. If special assessments may 193 be paid in installments (CHECK ONE): 194* ® (a) Seller shall pay installments due prior to Closing and Buyer shall pay installments due after Closing. 195 Installments prepaid or due for the year of Closing shall be prorated. 196 * ❑ (b) Seller shall pay, in full, prior to or at the time of Closing, any assessment(s) allowed by the public body 197 to be prepaid. For any assessment(s) which the public body does not allow prepayment, OPTION (a) shall be 198 deemed selected for such assessment(s). 199 IF NEITHER BOX IS CHECKED, THEN OPTION (a) SHALL BE DEEMED SELECTED. 200 This Paragraph 9(0 shall not apply to a special benefit tax lien imposed by a community development district 201 (CDD) pursuant to Chapter 190, F.S., or special assessment(s) imposed by a special district pursuant to 202 Chapter 189, F.S., which lien(s) or assessment(s) shall be prorated pursuant to STANDARD K. 203 DISCLOSURES 204 10. DISCLOSURES: 205 (a) RADON GAS: Radon is a naturally occurring radioactive gas that, when it is accumulated in a building in 206 sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that 207 exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding 208 radon and radon testing may be obtained from your county health department. 209 (b) PERMITS DISCLOSURE: Except as may have been disclosed by Seller to Buyer in a written disclosure, Seller 210 does not know of any improvements made to the Property which were made without required permits or made 211 pursuant to permits which have not been properly closed or otherwise disposed of pursuant to Section 553.79, 212 F.S. If Seller identifies permits which have not been closed or improvements which were not permitted, then 213 Seller shall promptly deliverto Buyer all plans, written documentation or other information in Seller's possession, 214 knowledge, or control relating to improvements to the Property which are the subject of such open permits or 215 unpermitted improvements. 216 (c) MOLD: Mold is naturally occurring and may cause health risks or damage to property. If Buyer is concerned or 217 desires additional information regarding mold, Buyer should contact an appropriate professional. 218 (d) FLOOD ZONE; ELEVATION CERTIFICATION: Buyer is advised to verify by elevation certificate which flood 219 zone the Property is in, whether flood insurance is required by Buyer's lender, and what restrictions apply to 220 improvin he Property and rebuilding in the event of casualty. If Property is in a "Special Flood Hazard Area" Buyer's Initj Is _ Page 4 of 13 Seller's Initials gi"". 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