25-001 Purchase Agreement - 161 Quail Pond Circle

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® c? "AS IS" Residential Contract For Sale And Purchase r`. "•Ed" Realtors` THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR 1* PARTIES: JAMES G. MARTIN ("Seller"), RRY COMM 2* and CASSELBEUNITY REDEVELOPMENT AGENCY ("Buyer"), 3 agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal Property 4 (collectively "Property") pursuant to the terms and conditions of this AS IS Residential Contract For Sale And Purchase 5 and any riders and addenda ("Contract"): 6 1. PROPERTY DESCRIPTION: 7* (a) Street address, city, Zip: 161 QUAIL POND CIRCLE,CASSELBERRY FL 32707 8* (b) Located in: SEMINOLE County, Florida, Property Tax ID #: 08-21-30-514-QBo0-0210 9* (c) Real Property: The legal description is 10 PT OF LOT 21 DESC AS BEG SELY MOST COR RUN N 42 DEG 52 MIN 37 SEC E 208 FT N 47 DEG 7 MIN 23 SEC W 92.29 11 FT S 32 DEG 25 MIN 4 SEC W 229.64 FT SELY ON CURVE TO BEG ELK QB QUAIL POND ADD TO CASSELBERRY PB 8 PG 43 12 together with all existing improvements and fixtures, including built-in appliances, built-in furnishings and 13 attached wall-to-wall carpeting and flooring ("Real Property") unless specifically excluded in Paragraph 1(e) or 14 by other terms of this Contract. 15 (d) Personal Property: Unless excluded in Paragraph 1(e) or by other terms of this Contract, the following items 16 which are owned by Seller and existing on the Property as of the date of the initial offer are included in the 17 purchase: range(s)/oven(s), refrigerator(s), dishwasher(s), disposal, ceiling fan(s), light fixture(s), drapery rods 18 and draperies, blinds, window treatments, smoke detector(s), garage door opener(s), thermostat(s), doorbell(s), 19 television wall mount(s) and television mounting hardware, security .gate and other access devices, mailbox 20 keys, and storm shutters/storm protection items and hardware ("Personal Property"). 21 * Other Personal Property items included in this purchase are: 22 23 Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer. 24* (e) The following items are excluded from the purchase: 25 26 PURCHASE PRICE AND CLOSING 27* 2. PURCHASE PRICE U.S. current 470,000.00 ( Y):............................................................................................... $ 28* a Initial deposit to be held in escrow in the amount of checks subject to Collection $ 5, 000. 00 29 The initial deposit made payable and delivered to "Escrow Agent" named below 30 * (CHECK ONE): (i) ❑ accompanies offer or (ii) ® is to be made within 5 (if left blank, 31 then 3) days after Effective Date. IF NEITHER BOX IS CHECKED, THEN OPTION (ii) 32 SHALL BE DEEMED SELECTED. 33* Escrow Agent Name: Baldwin Park Title 34 * Address: 4776 New Broad street # 150 Orlando FL 32814 phone: 407 986 9803 35 * Email: Fax: 36 * (b) Additional deposit to be delivered to Escrow Agent within (if left blank, then 10) 37 * days after Effective Date....................................................................................................*......$ 0.00 38 (All deposits paid or agreed to be paid, are collectively referred to as the "Deposit") 39* (c) Financing: Express as a dollar amount or percentage ("Loan Amount") see Paragraph 8......... 0 40* (d) Other: $ 0.00 ................ 41 (e) Balance to close (not including Buyer's closing costs, prepaids and prorations) by wire 42* transfer or other Collected funds (See STANDARD S)............................................................. $ 465,000.00 43 3. TIME FOR ACCEPTANCE OF OFFER AND COUNTER-OFFERS; EFFECTIVE DATE: 44 (a) If not signed by Buyer and Seller, and an executed copy delivered to all parties on or before 45* SEE # 20 , this offer shall be deemed withdrawn and the Deposit, if any, shall be returned to 46 Buyer. Unless otherwise stated, time for acceptance of any counter-offers shall be within 2 days after the day 47 the counter-offer is delivered. 48 (b) The effective date of this Contract shall be the date when the last one of the Buyer and Seller has signed or 49 initialed and delivered this offer or final counter-offer ("Effective Date"). 50 4. CLOSING; CLOSING DATE: The closing of this transaction shall occur when all funds required for closing are 51 received by Closing Agent and Collected pursuant to STANDARD S and all closing documents required to be 52 furnished each party pursuant to this Contract are delivered ("Closing"). Unless modified by other provisions of Buyer's IN als ° Page 1 of 13 /e(er's Initial _ dar-ASIS? Rav 19/74 n 2(Floriria RPnitn(R) 1 The Finrirn Rnr L11 rinhfc FloridaRe (torss° This software is licensed to [Ms. Nancy Groves - YELLOW DOOR REALTY LLC) www. transactiondesk.com, Aft TRANSACTIONS