|
<br />MAY-05-2005 THU 03:48 PM STENSTROM,MCINTOSH,OOLEE
<br />
<br />FAX NO, 407 330 2379
<br />
<br />p, 05
<br />
<br />181 TITLE
<br />
<br />'" 8. TITLE: Seller will ronvey mMketablc Utle to the Property by statutory warranty deed or trustee, personal representative or
<br />'" 9".rliiar' deed os appropriate to 5eller's strJtus,
<br />1M (a) Title EvIdence: Title evìdence w\\l show legal access to tho Property end marketable title of record in Seller ¡'I
<br />'" "C0010nnce with C\lfronl t\\Jo stand"rd$ adopted by Ihe Florida Bar, s"bjocl only to Ihe following title exceptions, none of
<br />'",) which prevent Buyer's intended uso of tho Properly
<br />167 iI$JW~' Uf;tj§_. ..___~_. :
<br />1 BB COVNli:Jnts, easer't'Ii;mts and restricOona of record; matter! of plat; exístino zoning and government regulaUons; oil. gas and
<br />'" rniJ1orol right. of record If Ihore 1$ no right of entry; c""ant lexes; mortgages Ihet aUyor will assumo; and enoumbrances thaI
<br />HJO Sollcrwi ldischafgeCJtorbcforeç osing.SlIMltr"'llliP'"rti9u~'j Glllu·. ,hlllOß·if DIU if 'tn fill. ..'J L~~lIi .rtitle
<br />'" ovidence,....... musl be generally accopted in tI1e cOlln!y wllere the PropertY;5 loca!ed (specify in Paragraph 6(cl the
<br />192 selected type), ~.ðJJ....... ",:Ir .........~ ....p+:~ '¡~) h~ n.....I,~~ D........,,¡.... "..."~~: ...-..... 'T'1~n ~'1) :... n.......I..... ,....AI'...~;
<br />
<br />", (1) A litJe insurMce commitment issued by a Florìda·f¡censed title insurer In tho amolln! of the purchaso prìce and
<br />'" subjoct only to tille e,c"ptiolls sol forth in this Contmct and delivered no later than 2 days before Closing Date.
<br />m (2) All e,isting obstract of titla frern a reputable and e,isting abstract firm (if firrn is nOI e,isting, then abstract mus! bo
<br />"" c~rlified 0.; correct by 011 existing firm) purporting to be an accurate synopsis of the instr"monfs affecllng lille to !t10
<br />197 Property recorded in tho public records of the county where the Property is located and certified to Effectivo Date.
<br />'" i-Io\N()ver if such an abstract is not ~vailable to Selkr, then a prior owner'" title policy acceptabte to the propo$Cd
<br />'9' ill~\.Ircr as a baso for ràiss"3nce of coverago. Sellor will pay for copies of all policy e,coptioM and an update in a formal
<br />'DO acceptable 10 Buyer's do"ing ÐD~r¡t from the palioy ~ffeclive date and certifi~d to Buyer or Buyer's closing agent,
<br />'"' togother with copies of 011 dDcuments recltcd in the prior policy and in ti1" update. If a prior policy is not availablo to Seller
<br />20' tl1~n (1) cbow will be the Ii tic evidence. Title evidence will be delivered no later than 1 D days before Closing Dole.
<br />,OJ (b) "ritle E,.min.tion: Buyer will exarnine tho title evidence and deliver writlen notice to Seller, within 5 days from receipt
<br />204 of tille evidence btJt no Inter thon closing, of cny defeels thaI make the title unmarketable. Sellcr will have 30 days from
<br />205 receipt of Buyer's 110lioo of defects ("Curative Period") to cure the defects al Seller's e,pense. If Seller curcs the defecls
<br />2" within tire Cur~lIvc Period, Seller wilt deliver wriUen noticc to Buyer and tho parties will closo the Iran.aelion on Ciosing
<br />1a' Dfjtc or withi" 1 0 days from fluyer's reoclrt of Seller'. notice if Closing Dale has pas$ed. If Seller is unable to c"re tho
<br />00' ddect. within the C"rative PC¡'iod, SelicI' will deliver wrilten nolice to Buycr and Buycr will, within 10 days from receipt Of
<br />'-" Sdl"r'. netice, cill'''' cancel tills CorMacl or acccpt title with exisling defecl. and cl05e the Iransaction.
<br />210 (c) Sunroy, Buyor moy, prior I" Closing Dale 'md at Buyer'. e'panse. have the Property surveyed and deliver written noUce
<br />'" t~ Seller, within 5 days from receipt of slll'voy bul no later than 5 days prior to closing, 01 any encroachments on Ihe
<br />"2 P".perly, encroachments by the F'ropetly's improvements on other lands or deed reslrictlon or ~aning violations. ^ny such
<br />"13 encroaclllnen! or violalìon wìJI be treated in the .ame manner as 0 title defect and Buyer's and Seller's obligation. will be
<br />,,. determinod in ;¡ccordonce with subparograph (b) above.·1f any part of the Property lies seaward of tho coastal construction
<br />215 co"lr~lline, Soller will provido Buyer willl an affid,wlt or survey as required by law delineating the line's location on the
<br />215 propel'ty, unless BL ycrw~ivcs this requircmont in writing,
<br />
<br />." MISCELLANEOUS
<br />
<br />218 9. EFfECTtVt: DATE; TIME: 11M eìr~.....UJ' ~..!t~· vÎ \!U~ ~ð\\,\C'.,-\ 1.3. d,o;:¡ Óq;l..... ....11 ",,!\ ~II HI.... 1~6l ur ~I\... ¡.s'QIWw~ III!,I'QI~ VI 6 ~,\:¡
<br />219 '1lR. I4tnß1 "",,or. Time IG of the essence fo,".all provisions of this Contract. 1"\11 UIIIC ¡."CI!'I,n.'¡i) v^"'IC'õ)>:I1;ò'lol 0.;0 \.lay;:, ~\H I.R:
<br />no ti!'1 ~..t8j!R IiUffl'iH .J..~'ÇJ (~!'jUfI1U" ~<:1)'" 'Í . iilr~ iúllilrmElr £fa~' D1í1o.p' b:~ .rt~'j. ~ . '¡~ iro. rrfalu! IU!illl r'hl_f.,i), If
<br />221 any clr,atllino fall$ on Q Saturdny, Sunday or n"tionalleoal holiday, parformance will be due the nM business day. All tirne
<br />222 pariod. will ond at 5:00 p.m. 10",'1 time (rneaning in the county wher$ me Prapcrty is localed) of the appropriate day.
<br />
<br />m 10. 1II011C1:3: AIi nolices will be ",.de to the p~rties and Braker by mail, persOnal delivery or eiectranic media. auVer's failure
<br />m to deliver til11ßly wriltc'" notice to Sellcr, whon s"ch notioe Is required by Ihi$ Contraot, regarding any contingenelos
<br />,,; will renrJor Ill,,! contingerlCy null and void and tho Contract will bo can$truetl as if the con6ngency did not exist. Any
<br />220 Ilotlce, doc"",<ont or item given to or received by an ottorney or Broker (including a transaction broker) represonting a
<br />m party will be 3$ effective ¡IS if given to or by that party,
<br />
<br />2>. 11. COMPLETE AGREEMéNT, This Centroct is tile entire agreement between Suyer and Seller. E,cept fDr brokerage
<br />21' a9't'emef1I~. na prior or p"osenl ogree",ent" will bind Buyer, Seller or araker unless incorporated into this Contr.ct
<br />230 Modmc.11ions of Ihis Contract wili nol be binding Llnless In writing. signed or initialed and delivered by the pa'1y to be bound.
<br />;;¡31 Thi$ Cootmct, signatures, initiGJs, doclIments refcrenced in thIs Contract, counterparts ði'1d written mocUficaUoJ')s
<br />'" communicotod "Içctranìcally or el1 pap., will be .cceplable for ali purposes, Including delivery, and wili be binding.
<br />20' Handwritten or typownl!en t"rm3 inserted in or all"ched to this Contract prev.il aver preprinled terms. If any provision of this
<br />"< COnl",c! is or becomos invÐlid or wrenforceable. all remaining provi$ion' will continue to be fully effective. Buyer and SeneI'
<br />>" will US" diligence ,tnct good faith in pcoiorming all obligation. under this Agleement. This Contract will nol be recorded in any
<br />;30 p\lblic record..
<br />
<br />,,-, 12. ASSIGNAalL.\TY; PERSONS BOUND: auyer may 001 assign this Conlracl wiUlolJ! Seller's wrhten oonsent The terms
<br />m "allyor", "Seller", Gnd "t1roker' m~y be singular or plural. This Conlraot is binding on the heirs, adm1nislrators, executo,",
<br />". pê'($onal representatives and assi¡¡ns (i! permilted) of Buyer, Seller and Broker.
<br />
<br />
<br />
<br />
<br />"0 Buyor L..." ._) Md SOller~'. . A. ) ool<nowledge receipt af a copy of this poge, which is Page 4 01 7 Pages.
<br />V,\'C·ß f\1'!1,I OJ 20 f\OIi¡\1;I A1'.tW¡ltlQI1 01 Re~H(;Jr::¡¡[!) An ri¡J!í1 rlhr::rVI! ~, Uccn!.f:Q 10 AlI3 S~ar $r¡J\w;¡re
<br />$oftw.re M ~ Formatting C<'l'>yright 2004 Star Software, tnc. All Rights R&served. (~OS) 219.8B98
<br />
<br />
|