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NIAN Corrective Statutory Deed INSTR 5078669 OR 5116 PG 1032 PROJECT: Bayshore/Gateway RECORDED 1/29/2015 1 25 PM PAGES 3 PARCEL: LOT 7, 20, 21, 22 & 23 DWIGHT E. BROCK, CLERK OF THE CIRCUIT COURT FOLIO: 52700280000, 52700760009, COLLIER COUNTY FLORIDA DOC @.70$0.70 REC$27.00 52700800008, 52700801007, 52700840000 CORRECTIVE STATUTORY DEED THIS DEED, made this 26th day of March, 2013, by COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY, its successors and assigns, whose mailing address is 3299 Tamiami Trail East, Naples, Florida 34112, (hereinafter called the Grantor), to NIAN FINANCING CORP., a Florida corporation, its successors and assigns, whose mailing address is 6006 Radio Road, Naples, Fl 34104 (hereinafter called the Grantee). (Whenever used herein the terms "Grantor" and "Grantee" include all the parties to this instrument and their respective heirs, successors or assigns.) WITNESSETH that the Grantor, for and in consideration of the sum of Ten Dollars, ($10.00) to it in hand paid by the Grantee, receipt whereof is hereby acknowledged, does hereby grant, bargain and sell unto the Grantee, the following described land lying and being in Collier County, Florida: Lots 7, 20, 21, 22 and 23, KELLY PLAZA SUBDIVISION, AS PER PLAT THEREOF RECORDED IN PLAT BOOK 3, PAGE 95, PUBLIC RECORDS OF COLLIER COUNTY FLORIDA Whereas, the Grantor does hereby impress the Property with the following deed restrictions. 1. Property is restricted to construction of residential structures that conforms to the design standards of the Bayshore Mixed Use Overlay District. 2. Terms of the Agreement attached hereto and labeled as Exhibit "A." Therefore, the provisions of this instrument are hereby declared Covenants running with land and is fully binding on any successors, heirs, and assigns of owner's who may acquire any right, title, or interest in or to the property, or any part thereof. Owner(s), its successor, heirs and assigns hereby agree and covenant to abide and fully perform the provisions of this instrument. Subject to easements, restrictions, and reservations of record and the following. This Corrective Deed is being recorded to correct that Certain Statutory Deed recorded as Instrument # 4824884, in the Public Records of Collier County, Florida, in that the Statutory Deed did not contain Exhibit "A." IN WITNESS WHEREOF the said Grantor has caused these presents to be executed by the Collier County Community Redevelopment Agency acting through its Chairman, the day and year aforesaid. ATTEST: DWIGHT,E.`BROCK, Clerk COLLIER COUNTY COMMUNITY REDEVELOPMENT AGENCY I'- � -04114 4 0).09 j 0C • BY: / i��L v Attest aStO !IsDeputy Clerk TIM NANCE, Chairman (OF ► ! AL) Approved as to form and legality: Jennifer A. Belpedi Assistant County Att ey PROJECT: BAYSHORE GATEWAY FOLIO NOS: 52700280000,52700760009, 52700800008,52700801007,and 52700840000. PURCHASE AND SALE AGREEMENT THIS PURCHASE AGREEMENT (hereinafter referred to as the "Agreement") is made and entered into by and between COLLIER COUNTY COMMUNITY REDEVELOPEMENT AGENCY, its successors and assigns, whose mailing address is 3299 Tamiami Trail E., Naples, FL 34112 (hereinafter referred to as "Seller"), and NIAN FINANCING CORP., a Florida corporation, its successors and assigns, whose mailing address is 6006 Radio Road, Naples, FL 34104 (hereinafter referred to as "Purchaser"); WHEREAS, Seller is the owner of those certain parcels of real property (hereinafter collectively referred to as "Property"), located in Collier County, State of Florida, and being more particularly described as follows: Lots 7, 20, 21, 22 and 23, KELLY PLAZA, in accordance with and subject to the plat recorded in Plat Book 3, Page 95 of the Public Records of Collier County, Florida Subject to easements, restrictions, and reservations of record. WHEREAS, Seller desires to convey the Property "as is" to Purchaser for the stated purposes and Purchaser desires to acquire the Property "as is", on the terms and conditions set forth herein; and WHEREAS, Purchaser has agreed to compensate Seller for conveyance of the Property; NOW THEREFORE, in consideration of these premises, and other good and valuable consideration, the receipt and sufficiency of which is hereby mutually acknowledged, it is agreed by and between the parties as follows: 1. Seller shall convey the Property to Purchaser via Statutory Deed for the sum of SIXTY SEVEN THOUSAND FIVE HUNDRED and no/100 Dollars ($67,500), payable by wire transfer (said transaction hereinafter referred to as the "Closing"). Said payment shall be full compensation for the Property conveyed. This is a cash transaction with no contingencies for financing. 2. Purchaser shall deliver a deposit of SIX THOUSAND SEVEN HUNDRED FIFTY and no/100 Dollars ($6,750) together with this Agreement signed by Purchaser. The deposit will be held in escrow by Stewart Title Co. ("Escrow Agent") subject to clearance. Escrow Agent's address is 3936 N. Tamiami Trail, Suite A, Naples, FL; Phone: (239) 262-2163. 3. The effective date of the Agreement shall be the date the CRA Chairman signs the Agreement ("Effective Date''). 4. Seller shall provide Purchaser with a copy of their existing Owner's Title Insurance Policies as title evidence. Purchaser, at their expense, will be responsible for obtaining their own title insurance commitment and Owner's Policy of Title Insurance. 5. The Closing of the transaction shall be held on or before thirty (30) days from the Effective Date. At Closing, Purchaser shall deliver the wire transfer to Seller and Seller shall deliver the fully executed Statutory Deed to the Purchaser. Purchaser shall be entitled to full possession of the Property at Closing. 6. Seller shall convey a marketable fee simple title free of any liens, encumbrances, exceptions, or qualifications. Marketable title shall be determined according to applicable title standards adopted by the Florida Bar and in accordance with law. 7. Each party shall be responsible for the payment of its own attorney's fees, if any. Purchaser, at its sole cost and expense, shall pay at Closing all documentary stamp taxes due relating to the recording of the Statutory Deed, in accordance with Chapter 201.01, Florida Statutes, and the cost of the title commitment and the title policy. Purchaser shall pay for the cost of recording the Statutory Deed. The cost of recording any instruments necessary to clear Seller's title to the Property will be paid by Seller. , 8. Ad Valorem and Non-Ad Valorem property taxes shall be prorated between Seller and Purchaser on a 365-day calendar or fiscal year, as appropriate, and shall be based on the current year's tax. If Closing occurs at a date which the current year's tax is not fixed, taxes will be prorated based upon such prior year's tax. In determining prorations, the closing date shall be allocated to Purchaser. 9. Any and all brokerage commissions or fees shall be the sole responsibility of the Purchaser. Purchaser shall indemnify Seller and hold Seller harmless from and against any claim or liability for commission or fees to any broker or any other person or party claiming to have been engaged by Purchaser as a real estate broker, salesman or representative, in connection with this Agreement. 10. Purchaser acknowledges there shall be covenants that run with the lands of the property herein described that will be fully binding on any successors, heirs, and assigns of owners who may acquire any right, title, or interest in or to the property. A) Mobile homes shall not be permitted on this site; and B) Construction must commence within 24 months from t ,. date of Closing. Purchase Agreement Page 2 11. Conveyance of the Property by Seller is contingent upon no other provisions, conditions, or premises other than those so stated herein; and the written Agreement shall constitute the entire Agreement and understanding of the parties, and there are no other prior or written or oral agreements, undertakings, promises, warranties, or covenants not contained herein. 12. This Agreement and the provisions hereof shall be effective as of the date this Agreement is executed by both parties and shall inure to the benefit of and be binding upon both parties hereto and their respective heirs, executors, personal representatives, successors, successor trustees, and/or assignees, whenever the context so requires or admits. 13. Any amendment to this Agreement shall not bind any of the parties hereto unless such amendment is in writing and executed and dated by Purchaser and Seller. Any amendment to this Agreement shall be binding upon Purchaser and Seller as soon as it has been executed by both parties. 14. No waiver of any provision of this Agreement shall be effective unless it is in writing signed by the party against whom it is asserted, and any waiver of any provision of this Agreement shall be applicable only to the specific instance to which it is related and shall not be deemed to be a continuing or future waiver as to such provision or a waiver as to any other provision. 15. This Agreement is governed and construed in accordance with the laws of the State of Florida. IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the dates set forth herein below. Date Property conveyance approved by BCC: AS TO SELLER:,- DATED y"'M '3/a6n • ATTEST:, :fi COLLIER COUNTY COMMUNITY DWIGHT E BRO'CK, Clerk REDEVELOPM NT AG CY .1 ®. SF BY: 4t, De 'pty Clerk Attest a • a 5 TIM N NCE, Chairman signatu only.: AS TO PURCHASER: DATED: 3141/k3 MAN FINANCING CORP., a Florida corporation / .► , By: Witnes r�ignature) NTONIO SOWN Name: , , 2A Its President (• int or Type) AL a.. -''s . •nat re) r J� Nam-• ; ,, "tint orTy.;) Approved as to form and legal sufficiency: COLLEEN GREENE Assistant County Attorney