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Vacant Land Contract FLORIDA ASSOCIATION OF REALTORS® "EXHIBIT A" PARTIES AND DESCRIPTION OF PROPERTY 1 1. SALE AND PURCHASE: 2 Michael A GnnrlmRn 3 ::!nrl City of Casselberty a Florida municiDal cornoration . 4 agree to sell and buy on the terms and conditions specified below the property ("Property") descnbed as: 5 Address: Wilshire Roulevard Casse/berty Florida 6 Legal Description: 7 Parcels A and B as shown in the deeds attached hereto and recorded in O.R. Book 1542, Page 1033 and O.R. Book . . ("n_ .,. 8 1542, Page 1502, Public Records of Semmole County, Flof/da. rn.oP€Cl....~ I ~"Seller..)r ("Buyer") 9 10 including all improvements and the following additional property: 11 nla 12 13 . 14 PRICE AND FINANCING 15 2. PURCHASE PRICE: 16 (a) $ 10000 $ 650,000.00 payable by Buyer in U.S. funds as follows: Deposit received (checks are subject to clearance) by for Stenstrom. Mcintosh. et al. Signature Name of Company ("Escrow Agent"). Additional deposit to be delivered to Escrow Agent by nfa or nlR days from Effective Date (10 days if left blank). T5t6.1 ftl ,Ell ,ë.il,§ (.3¿¿ rfIl8f118j3t'. 3 ~.:5.15..) (ax¡3I¿.:J.3 ë..3 ô eJðlk..1 ð".ðtll,t 61 ¡3¿I¿¿"lð;¿) Other: n/;J Balance to close (not including Buye~s closing costs, prepaid items and prorations). All funds paid at closing must be paid by locally drawn cashier's check, official check or wired funds. 17 18 19 (b) $ 20 21 (c) 22 (d) $ 23 (e) $ 24 (;4.0 ann nn . 25 26 27 28 29 30 determiMe the purchase price· is Dlat 0 acre D square foot other ) prorating,areas of less thah a full unit. The purchase , per unit based on a calculation of total area of the Pro e" yer and Seller by a Florida-licensed surveyor in accordance with Paragraph S(c) of . . 31 32 3. CASHlFINANCING: (Check as appliæble) j¡¡f (a) Buyer will pay.æsh for the Property with no financing contingencr "Financing") within days from Effective Date (if left blank then Closing Date or 30 ective Date, whichever occurs first) (the "Financing Period"). Buyer will apply for Financi .. days from Effective Date (5 days if left blank) and will timely provide any and all . yment, financial and other information required by the lender. If Buyer, after using dili e 81th, cannot obtain the Financing within the Financing Period, either party may cancel t uyer's deposit(s) will be returned after Escrow Agent receives proper authorization from all 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 o $ or Buyers creditworthine % of the ur evailing interest rate and loan costs based on e er and Broker fully informed of the loan appliætion status and progress o in the amount of $ , bearing annual interest at % and payable as follows: The mortgage, note, and any security agreement will be in a form acceptable t and will follow forms generally accepted in the county where the Property is loæted; will provo a late payment fee and acceleration at tile mortgagee's option if Buyer defaults; will give Buyer th 0 prepay without penalty all or part of the principal at any time(s) with interest only to date of payme' e due on conveyance or sale; will provide for release of contiguous parcels, if applicable; and will r . yer to keep liability insurance on the Property, with Seller as additional named insured. Buyer auth e ler to obtain credit. employment and other necessary information to detennine creditwo or the financing, Seller will, within 10 days from Effective Date, give Buyer written notice of whether or 54 . éÆð" Buyer ~. .) ( ) and Seller ( r:") ( ) acknowledge receipt of a copy of this page, which is Pag fØ:z Pages VAC-8 Rev, . ~ ©2004 Florida Association of Realtors®. All rights reserved. Licensed to Alta Star Software. User Reg# 81449251 ~ I Softwar d Added Formattíng Copyright 2004 Alta Star Software, Inc. All Rights Reserved, (305) 279~8898