As Is Contract for Sale & Purchase
THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS. AND THE FLORIDA BAR
"As Is" Contract For Sale And Purchase
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PARTIES; LC $. 134/1!K N-4"1io~AL J1s~~/H7it>N ~~ t!&WJJ'~r4' .,.rrt.4 ("Seiler"),
and COLLIER COUNTY GOVERMENT ("Buyer"),
hereby agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal Property (collectively "Property")
pursuant to the terms and conditions of this Contract for Sale and Purchase and any riders and addenda ("Contract"):
I. DESCRIPTION:
(a) Legal description of the Real Property located In COLLIER County, Florida:
(b) Street address, city, zip, of the Property: 2040 46TH TER SW, NAPLES, FLORIDA 34116
(c) Personal Property includes existing rangers), refrigerator(s), dlshwasher(s), celling fan(s), light fixture(s), and window treatment(s) unless
speciflcaUy excluded below. .
Other items included are: N/A
Items of Personal Property (and leased items, if any) excluded are: N/A
15* II. PURCHASE PRICE (U.S. currency): . . . . . . . . . . . . . . . . . . . . . . . . . , , , , , , . . . . . , , , , , . . . . , , , , . . , . . . , , , . $ 6800000
16 PAYMENT:
17" (a) Depos~ held in escrow by UPON AG.C.EPT ANCE ("Escrow Agentj In the amount of (checks subject to clearance) $ 1.000.00
18' Escrow Agent's address: Phone:
19* (b) Additional escrow deposit to be made to Escrow Agent within _ days after Eftective Dale in the amounl of. . . . . . , . . . $ 0 00
20' (c) Financing in the amount of ("Loan AlTlOUI'1t") see Paragraph IV bslow . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . , . , . , , . . , . $ 0 00
21* (d) Other. . . . . . . . . . . . . . . . . , . , , , . . . . . . . . . . . . . . . . . . , . , . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
22 (e) Balance to close by cash, wire transfer or LOCALLY DRAWN caslliar's or official bank check(s}. subject
23* to adjustments or prorations. , . . . . . . . . . . . , . . , . , . . . . . . . . . . . . . . . . . . . . . . , . . . , . . , . . . , . , . , , . , . . . . . . . . . . . . . . . . . . . . $ R7 ono 00
24 III. TIME FOR ACCEPTANCE OF OFFER AND COUNTEROFFERS; EFFECTIVE DATE:
25 (a) If this offer is not executed by and delivered to all parties OR FACT OF EXECUTION communicated In writing between the parties on or
26" before 4/2512009 , the deposit(s) will, at Buyer's option, be returned and this offer withdrawn. Unless other-
27 wise stated, the time for acceptance of any counteroffers shall be 2 days from the date the counteroffer Is delivered.
28 (b) The date of Contract ("Effective Date") will be the date when the last one of the Buyer and Seller has signed or initialed this offer or the
29 final counteroffer. If such date is not otherwise set forth in this Contract, then the "Effective Date" shali be the date determined above for
30 acceptance of this offer or, if applicable. the final counteroffer.
31 IV. FINANCING:
32* (J (a) This is a cash transaction with no contingencies for financing;
33* Q (b) This Contract Is contingent on Buyer obtaining written loan ccmmitment which confirms underwriting loan approval for a loan to purchase
34" the Property ("Loan Approval'1 within _ days (if blank, then 30 days) after Effective Date ("Loan Approval Datei for (CHECK ONLY
35" ONE): Q a fixed; Q an adjustable; or Q a fIXed or adjustable rate loan, in the Loan AmotXlt (See Paragraph 1I.(c)) at an initial interest rate not to
36* exceed %, and for a term of _ years, Buyer will make application within _ days (If blank, then 5 days) after Effective Date.
37 BUYER: Buyer shall use reasonable diligence to: obtain Loan Approval; notify Seller in writing of receipt of Loan Approval by Loan Approval
38 Date; satisfy terms of the Loan Approval; and close the loan. Loan Approval which requires a condition related to the sale of other property shall
39 not be deemed Loan Approval for purposes of this subparagraph. Buyer shall pay all loan expenses. Buyer authorizes the mortgage broker(s) and
40 lender(s) to disclose information regarding the ccnditions, status, and progress of loan application and Loan Approval to Seller, Seller's attorney,
41 real estate Ilcensee(s), and Closing Agent.
42 SELLER: If Buyer does not deliver to Seller written notice of Loan Approval by Loan Approval Date, Seller may thereafter cancel this Contract by
43 delivering written notice ("Seller's Cancellation Notice") to Buyer, but not later than seven (7) days prior to Ooslng. Seller's Cancelletion Notice shall
44 notify Buyer that Buyer has three (3) days to deliver to Seier written notice waiving this FInancing contingency, or the Contract shall be cancelled.
45 DEPOSIT(S) (for purposes of this Financing Paragraph IV(b) only): If Buyer has used reasonable diligence but does not obtain Loan Approval
46 by Loan Approval Date, and thereafter either party elects to cancel this Contract, the deposlt(s) shall be returned to Buyer. If Buyer obtains Loan
47 Approval or waives this Financing contingency, and thereafter the Contract does not close, then the depos~(s) shall be paid to Seller; provided how-
48 ever, W the failure to close is due to: 0) Seller's failure or refusal to dose or Saller otherwise falls to meet the terms of the Contract, or (iij Buyer's lender
49 fails to receive and approve an appraisal of the Property in an amount sufficient to meet the terms of the Loan Approval, then the deposi1(s) shall be
50 returned to Buyer.
51* Q (c) Assumption of oxistlng mortgage (see rider for terms); or
52' Q (d) Purchase money note and mortgage to Seller (see "As Is. Standards Band K and riders; addenda; or special clauses for terms).
53" V. TITLE EVIDENCE: At reast_ days (ff blank, then 5 days) before Closing a title insurance ccmmilment wilh legible copies of instruments listed as
54 exceptions attached thereto ("Title Commilment'1 and, after Closing, an owner's policy of title insurance (see Standard A for terms) shall be obtained by:
55' (CHECK ONLY ONE): ra (1) Seller, at Seller's expense and delivered to Buyer or Buyer's attorney; or
56" Q (2) Buyer at Buyer's expense.
57* (CHECK HERE): Q If an abstract of title Is to be furnished Instead of title insurance, and attach rider for terms.
58* Vi. CLOSING DATE: This transaction sl1all be closed and the closing ctlcuments delivered on 512912009 ("CIosing'1, unless
59 mcx:Jilied by other provisions of this Contract. In the event of extreme weather or other conditions or events constituting "fort:e majeure", Ooslng wil be
60 extended a reasonable time unU: 0) restoration of utiities and other services essential to Closing, and Oij availability of Hazard, Wind, Flood, or Homeowners'
61* insurance. If such conditions continue more than ~ days Qf blenk, then 14 days) beyond Closing Date, then either party may cancel this Contract.
FAR/BAR ASIS-2x Rev. 2/08 @ 2008 Florida Association of REALTORS" and TIle Florida Bar All Rights Reserved Page 1 of 5
62 VII. RESTRICTIONS; EASEMENTS; LIMITATIONS: Seller shall convey marketable title subject to; comprehensive land use plans, zoning,
63 restrictions. prohibitions and other requirements imposed by governmental authority: restrictions and malleI's appearing on the plat or otherwise
64 common to the subdivision; outstanding 011, gas and mineral rigl1ts of record without right of entry; unplatted pUblic utility easements of record
65 (Iocaled contiguous to real properly lines and not more than 10 teet in width as to t11e rear or front lines and 7 1/2 feet in width as to the side
66 lines); taxes for year of Closing and subsequent years; and assumed mortgages and purchase money mortgages, if any (if additional ilems. see
67' addendum); provided. that IAsre 8xist6 at Closin@ ne "jaletlsR sf tAB ferB€lsiFliil end none prevent use of the Property for
68' SINGLE FAMILY HOME purpose(s).
69 VIII. OCCUPANCY: Seller shall deliver occupancy of Property to Buyer at time of ClOSing unless otherwise stated herein. If Propel1y is intended
70 to be rented or occupied beyond Closing, the fact and terms thereof and the tenant{s) or occupants shall be disclosed pursuant to "AS IS" Standard
71 F. If occupancy is to be delivered before Closing, Buyer aSSllmes all risks of loss to Property from date of oCCllpancy. shall be responsible and liable
72 for maintenance from tt1at date, and shall be deemed to have accepted Property in ils existing condition as of time of taking occupancy.
73 IX, TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions. liders and addencla shall control all printed pro-
74 visions of this Contract in conflict with them.
75' X. ASSIGNABILITY: (CHECK ONLY ONE); Buyer tl may assign and thereby be released from any further liability ul1der lhis Contract; 0 may
76' assign but not be released from liability under this Contract; or I.J may not assign this Contract.
77 XI. DISCLOSURES:
78 (a) The Property may be subject to unpaid special assessment Iten(s) imposed by a public body ("public body" does not include a
79 Condominium or Homeowners' Association). Such lion(s), if any, whether certified, confirmed and ratified, pending, or payable in installments,
80' as of Closing, shall be paid as follows: It) by Sellar at closing 0 by Buyer (if left blank, then Seller at Closing). If the amount of any
81 assessment to be paid by Seller has not been finally determined as of Closing, Seller shall be charged at Closing an amount equal to the
82 last estimate or assessment for the improvement by the public body,
83 (b) Radon is a nalurally occurring radioactive gas that when accumulatad in a building in sufficien1 Quantilies may present health risks to per-
84 sons who are exposed to it over lime. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida.
85 Additional information regarding radon or radon testing may be obtained from your COllnty Public Health unit.
86 (c) Mold [s naturally occurring arld may cause health risks or damage to property. If Buyer is concerned or desires additional information
8'1 regarding mold. Buyer should contact an appropriate professional.
88 (d) Buyer acknowledges receipt of the Florida Energy-Efficiency Rating Information Brochure required by Section 553.996, ES.
S9 (e} If the Real Properly includes pre-1978 residential housing, then a lead-based paint rider is mandatory.
90 (n If Seller is a "foreign person" as defined by the Foreign Investment in Real Property Tax Act. the parties sl1all comply with that Act.
91 (g) BUYER SHOULD NOT EXECUTE THIS CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS' ASSOCIA-
92 TION/COMMUNITY DISCLOSURE.
93 (h) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT PROPERTY TAXES AS THE AMOUNT
94 OF PROPERTY TAXES THAT THE BUYER MAY BE OBUGATED TO PAY IN THE YEAR SUBSEQUENT TO PUliCHASE, A CHANGE OF OWNER-
95 SHIP OR PROPERTY IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN HIGHER PROPERTY TAXES.
96 IF YOU HAVE ANY QUESTiONS CONCERNING VALUATION. CONTACT THE COUNTY PROPERTY APPRAISER'S OFFICE FOR INFORMATION,
9? XII. MAXIMUM REPAIR COSTS: DELETED
98' XIII. HOME WARRANTY: 0 Seller 0 Buyer ill N/A will pay for a home warranty plan issued by
99* at a cost not 10 exceed $ .
100' XIV. INSPECTION PERIOD AND RIGHT TO CANCEL: (a) Buyer shall have ---1L days from EffectIve Date ("Inspection Period") within
101 whIch to have such Inspections of the Property performed as Buyer shall desire and utilities service shall be made available by the
102 Seller during the Inspection Period; (b) Buyer shall be responsible for prompt payment for such inspections and repair of damage
103 to and restoration of the Property resulting from such Inspections and this provision (b) shall survIve termInation of this Contract;
104 and (c) If Buyer determInes, In Buyer's sole discretIon, that the Property is not acceptable to Buyer, Buyer may cancel this Contract
105 by delivering facsimile or written notice of such election to Seifer prior to the expiration of the Inspection Period. If Buyer tImely
'106 cancels thIs Contract, the depos/t(s) paId shall be Immediately returned to Buyer,' thereupon, Buyer and Seller shall be released of
107 all further obligations under this Contract, except as provided in this Paragraph XlV. Unless Buyer exercises the right to cancel
108 granted herein, Buyer accepts the Property in its present physical condition, subject to any vIolation of governmental, bufldlng,
109 environmental, and safety codes, restrictions or requIrements and shall be responsIble for any and all repairs and improvements
I '10 required by Buyer's lender.
11 t XV. RIDERS; ADDENDA; SPECIAL CLAUSES: CHECK those riders which are applicable AND are attached to and made part of this Contract:
112* 0 CONDOMINIUM 0 VNFHA rJ HOMEOWNERS' ASSN. 0 LEAD-BASED PAINT i..J COASTAL CONSTRUCTION CONTROL LINE
113' 0 INSULATION 0 EVIDENCE OF TITLE (SOUTH FLORIDA CONTRACTS) 0 Other Comprehensive Rider Provisions 0 Addenda
114' Special Clause(s):
115.
116'
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11S'
1 t9'
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122'
123'
124'
125'
126 XVI. "AS IS" STANDARDS FOR REAL ESTATE TRANSACTIONS ("AS IS" Standards): Buyer and Seller acknowledge receipt of a copy
127 of "AS IS" Slandards A through Z on the reverse side or attached, which are incorporated as part of this Contract.
FAR/BAR ASIS-2x Rev. 2/06 @ 2008 Rorida Association of RE"LTORS' aneJ The Florida Bar All Rights Reserved Page 2 of 5
128
129
THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD,
SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING,
130 THIS "AS IS" FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS" AND THE FLORIDA BAR.
131 Approval does not constitute an opinion that any of the terms and conditions in this Contract should be accepted by the parties In a
132 particular transaction. TemlS and conditions should be negotiated based upon the respective Interests, objectives and bargaining
133 positions of aJllnteresled persons.
134 AN ASTERISK(') FOLLOWING A LINE NUMBER IN THE MARGIN INDICATES THE UNE CONTAINS A BLANK TO BE COMPLETED.
* ~eE. t5' 61JA-7'oILV Ir
135* p 1+& e-- A-7r A-l. U~l) f'te2J; To
136 (BUYER) (DATE)
(SELLER)
(DATE)
137*
138 (BUYER)
139" Buyers' address for purposes of notice
140*
141. Phone Phone
142 BROKERS: The brokers (including cooperating brokers, if any) named below are the only brol<ers entitled to compensation In connection with
143 this Conlract:
144* Name: Bartley Realty Services/David R. Bartley
145 Cooperating Brokers, If any
(DATE)
(SELLER)
Sellers' address for purposes of notice
(DATE)
Bartley Realty Services/David R. Bartley
Listing Broker
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IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
this day of , 2009
Date Property acquisition approved by BCC: March 24, 2009, Item 10F
BOARD OF COUNTY COMMISSIONERS
COLLIER ~NTY' FL02 ~
BY: ~.JL..I ~
Donna iala, Chairman
AS TO OWNER:
DATED:
BY:
Witness (Signature)
Name:
(Print or Type)
Printed Name
Witness (Signature)
Title
Name:
(Print or Type)
form and
. nty Attorney
146 liAS IS" STANDARDS FOR REAL ESTATE TRANSACTIONS
147 A. TITLE INSURANCE: The Tille Commitment shaH be issued by a Florida licensed tille insurer agreeing to I8sue Buyer, upon recording of the deed to Buyer,
148 an owner's policy of tnle Insurance In the amount of the purchase price, insuring Buyer's marketable title to the Real Properly, subject only to mal tel's Gontained
149 in Paragraph VII and those to be dischc-vged by Seller at or before Closing. Marketable tille s11a11 be determined according to applicable Tille Standards adopt-
t 50 ed by authority of The Florida Bar and In accordance wllh law. Buyer shall have 5 days from date of receiving the Title Commitment to examine It, and if tille is
151 found defective, notily Seller in writing specifying defect(s) which render tllle unmarketa\)le. Seller shall have 30 days from receipt of notice to remove the
152 defects, falling which Buyer shall, wi1hin 5 days after expiration 01 the 30 day period, deliver written notice to Seller either: (1) extending the lime for a reason-
153 able period not to exceed 120 days wllhln which Seller shall use diligent effort to remove the defects: or (.2) requesting a refund of deposit(s) paid which shall
154 be returned to Buyer. If Buyer fails to so notify Seller, Buyer shall be deemed 10 have accepted the title as it then Is. Seller shall, iltitle is found unmarketable,
155 use diligent effort to correct defect(s) wllhln the time provided. If, after diligent effort, Seller is unable to timely correct the defects, Buyer shall either waive the
156 defects, or receive a refund of deposit(s), thereby releasing Buyer and Selle!' from all further obligations under this Contract. If Seller Is fo provide the Titie
157 Commitment and It Is delivered to Buyer less than 5 days prior to Closing, Buyer may extend Closing so that Buyer shall have up to 5 days from date 01 receipt
158 to examine same in accordance with this "AS IS' Standard.
159 B, PURCHASE MONEY MORTGAGE; SECURITY AGREEMENT TO SELLER: A purchase mol'\eY mortgage and mortgage note to Seller shall provide for a
160 30 day grace period In the event of default If a first mortgage and a 15 day grace period If a second or lesser mortgage; shall provide for right of prepayment
161 In whole or in part without penalty; shall permit acceleration in event of transfer of the Real Property; shall reQuire all prior liens and encumbrances to be kept
162 In good standing; shall forbid modifications of, or future advanc.ell under, prior mortgage(s); shall require Buyer to maintain policies of insurance containing a
153 standard mortgagee clause covering all improvements located on the Real Property agalnst fire and all perils Included within the term "extended coverage
164 endorsements. and such olher risks and perils as Seller may reasonably require, In an amount equal to their highest insurable value: and the Olortgage, note
165 and security agreement shal be otherwise in form and con lent required by Seller, but SeHer moy only require clauses and coverage customarily found in mort-
166 gages, mortgage notes and security agreements generally utilized by savings and loon institutions or state or national banks located In the county wherein the
167 Rool Properly is located. All Personal Property and leases being conveyed or assl~JI1ed will, at Seller's option, be subject to the lien of a security agreement evi-
168 denced by recorded or filed financing statements or certillcates of litle. If a balloon mortgage, Ihe tlnal payment will exceed the periOdic payments thereon.
169 C. SURVEY: Buyer, at Buyer's expense, within lime allowed to deliver evidence 01 title and to examine same, may have the Real Properly surveyed and certl-
170 lied by a registered Aorida surveyor. If the survey discloses encroachmenls on Ihe Real Property or that improvements located thereon encroach on setback
171 lines, easements, lands of others or violate any restrictions, Contract covenants or applicable governmental regulations, Ihe same shall constitute a title defact.
172 D. WOOD DESTROYING ORGANISMS: DELETED
173 E. INGRESS AND EGRESS: Seller warrants and represents that there is ingress and egress to tile Real Property sufficlenl for Its intended use as described
174 In Paragraph VII hereof and title to the Real Property is insurable In accordance wllh "AS IS" Standard A without exception for lack of legal right of access.
175 F. LEASES: Seller shall al1east10 days before Closing, furnish 10 Buyer copies of all wrillen leases and esloppelletlers from each tenant specifying lhe nature
176 and duration of the lenanl's occupancy, renlal rates, advanced renl and security deposits paid by tenant. If Seller Is unable 10 obtain such letter from each ten-
177 ant, the same information shall ba furnished by Seller to Buyer within thaI time period In the form of a Seller's affidavit, and Buyer may thereafter contact ten-
178 ant 10 confirm such Information. If the terms of the leases differ materially from Seller's representations, Buyer may lermlnate this Contract by delivering written
1I9 notice to Seller at least 5 days prior to Closing. Seller sholl, at Closing, deliver and assign all original leases to Buyer.
180 G. LIENS: Seller shall furnish to Buyer at time of Closing an affidavit attesllng 10 tile absence, unless othelWlse provided for herein, of any financing statement,
181 claims of lien or potentlalllenors known to Seller and further attesting lhat there have been no Improvements or repairs to the Real Property for 00 days il11me-
182 diately preceding dale of Closing. If the Real Properly has been improved or repaired within that lime, Seller shall deliver releases or waivers of construction
183 liens executed by all general contractors, subcontractors, suppliers and materialmen in addition to Seller's lien affidavit seltlng forth the names of all such gen-
184 eral contractors, subcontractors, suppliers and materialmen, further affirming that all clmrges for improvements or repairs which could selVe as a basis for a
185 construction lien or a claim for damages have been paid or will be paid at IIle Closing 01 this Contract.
186 H. PLACE OF CLOSING: Closing shall be held in the county wherein the Real Proparty is located !lIthe office of the attorney or other closing agent ("Closing
187 Agent") designated by the party paying for tllIe Insurance, or, if no tille insurance, designated by Seller.
188 I. TIME: Calendar days shall be used In computing lime periodS except periods of less than six (6) days, In which event Saturdays, Sundays and state or natlon-
189 allegal holidays shaH be excluded. Arry time periods provided for herein which shall end on a Saturday, Sunday, or a legal holiday shall extend to 5:00 p.m. of the
190 next business day. Time Is of the essence (n this Contract.
191 J. CLOSING DOCUMENTS: Seller shal furnish the deed, bill of sale, certfficate of tille, construction lien affldavtt, owner's possession affldav1t, assignments of leas-
192 ea., tenant and mortgagee estoppelletlers and corrective Inslruments. Buyer shall furnish mortgage, mortgage nole, SBClJ'lty agreement and financing statemenls.
193 K. EXPENSES: Documenfary stamps on the dead and recording of corrective instruments shall be paid by Seller. All costs of Buyer's loan (whether obtained
194 from Seller or third party), Including, bulnot limited to, documentary stamps and intangible tax on lhe purchase money mortgage and arry mortgage assumed,
195 mortgagee title Insurance commitment with related fees, end recording of purchase money mortgage, deed and financing stalements shall be paid by Buyer.
196 Unless othelWlse provided by law or rider to this Contract, charges for related dosing services, title search, and closing fees (including preparation of closing
197 statement), shall be paid by the party responsible for furnishing the tttle evidence In accordance with Paragraph V.
198 L. PRORATIONSj CREDITS: Taxes, assessments, rent, interest, Insurance and other expenses of the Property shall be prorated through the day before Closing.
199 Buyer shall have the opllon of taking over existing policies of Insurance, If essumable, In which event premiums shall be prorated. Cash at Closing shall be
200 increased or decreesed as may be reQuired by prorations to be made through day prior to Closing, or occupancy, If occupancy occurs before Closing. Advance
201 rent and security deposits will be cred"ed to Buyer. Escrow deposlfs held by mortgagee will be credited to Seller. Taxes shall be prorated besed on the current
202 year'stax with due allowance made for maximum allowable discount, homestead and other exemptions. If Closing occurs at a date when the current yeer's mHI.
203 age Is not fixed and current year's assessment Is available. taxes will be prorated based upon such assessment and prior year's millage. If current year's assess-
204 ment Is not available. then laxes will be prorated on prior year's tax. If there are completed Improvements on the Real Property by January 1st 01 year of Closing,
205 which improvemenls were not In existence on January 1st of prior yoor, then taxes shall be proraled based upon prior year's millage and at an equitable assess-
200 ment to be agreed upon between the partiss; failing which, request shall be made to the County Property Appraiser for an informal assessment taking into
207 account available exemptions. A tax proration based on an estimate shall, at request of either party, be readJusled upon receIpt of current year's tax bill.
208 M. (RESERVED - purposely left blank)
209 N, INSPECTION AND REPAIR: DELETED
210 O. RISK OF LOSS: If, aner the Effective Date, the Property Is damaged by fire or olher casualty ("Casualty Loss") before Closing and cost of restoration (which
211 shan Include the cost of pruning or removing damaged trees) does not exceed 1.5% of tha Purchase Price, cosl of restoration shall be an obligation of Seller and
212 Closing shall proceed pursuant to the terms of this Contract, and if restoration Is not completed as of Closing, restoration costs will be escrowed at Closing. If
213 the cost of restoration exceeds 1.5% 01 the Purchase Price, Buyer shell either take the Property as is, together with the 1.5% or receive a refund 01 deposit(s)
214 thereby releasing Buyer and Seller from all further obligations under this Contract. Seller's sole obligation with respect to tree damage by casualty or other natu-
215 ral occurrence shall be the cost of pruning or removal.
216 P. CLOSING PROCEDURE: The deed shalf be recorded upon clearance of funds. If the title agent insures adverse matters pursuant to Section 627.I841,
21"1 F.S., as amended, the escrow and closing procedure reQuired by this "AS IS" Standard shall be waived. Unless waived as set forth above the following
FAR/BAR ASIS-2x Rev. 2/08 C 2008 Florida Association of Rr:Al.TOR!;" and The Florida Bar All Rights Reserved Page 4 of 5
218 liAS IS" STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED)
219 closing procedures shall apply: (1) all closing proceeds shalll:Je held In escrow by the Closing Agent for a period of not more than 5 days after Closing; (2)
220 If Seller's tllle Is rendered unmarketable, through no fault of Buyer, Buyer shall, wllhln the 5 day period, notify Seller in writing 01 the defect and Seller shall
221 have 30 days from date 01 receipt of such notifiCation to cure the detect: (3) il Seller falls to tlinely cure the defect. all deposits and closing funds shall. upon
222 written demand by Buyer and within 5 days after demand, be relurned to Buyer and, simultaneously with such repayment, Buyer shall retum the Personal
223 Property, vacate the Real Property and reconvey the Property to Seller by spedEd warranty deed and bill of sale: and (4) II Buyer fails 10 make timely demand
224 for refund, Buyer shall take title as Is. waiving all rights against Seller as to any intervening defect except as may be available to Buyer by virtue of war-
225 rantlas contained In the deed or bill of sale.
226 Q. ESCROW: Any Closing Agent or escrow agent (collectively "Agent") receiving funds or equivalenl is authorized and agrees by acceplarlCe of them to deposlI
227 them promptly, hokl same in escrow and, subject to clearance, disburse them In accordance with terms and conditions of lhls Contract. Failure of funds to
226 clear shall not eXCllse 8LIVer's performance, If in doubt as to Agent's duties or liabilities under tl1e provisions of this Contract, Agent may, at Agent's option, con-
229 tlnue to hold the sublect matter of the escrow until the parties 11ereto agree to its disbursement or until a Judgment of a court of competent jurisdiction shall
230 determine the rights of the parties, or Agent may deposit samB with the clerk of the circuit court having jur&llction of the dispute. An attorney who represents
231 a party and also acts as Agent may represent such party in such action. Upon notifying all parties concerned of such action, all liability on the part of Agent
232 shall fully terminate. except to the exlent of accounting for any items previously delivered out of escrow, II a licensed real estate broker. Agent wHI comply with
233 provisions of Chapter 475, F,S., as amended. Any sui I between Buyer and Seller wherein Agent Is made a party because of acting as Agent hereunder, or in
234 any suit wherein Agent In1erpleads tile subject matter of the escrow, Agent shall recover reasonable allorney's fees and costs incurred with these amounts to
235 be paid from and out of the escrowed funds or equivalent and charged and aworded as court costs in favor of the prevailing party. The Agent shall not be liable
236 to any party or person for misdelivery to Buyer or Seller of items subject 10 the escrow, unless such misdelivery Is due to willlul breach of the proVisions 01 this
237 Contract or gross negligence of Agent.
238 R. ATTORNEY'S FEESj COSTS: In any litigation, including breach. enforcement or interpretation, arising out of tills Contract, the prevailing party in such liti-
239 gatlon, which, for purposes ot this "AS IS" Standard, shall Include Seller, Buyer and any brol<ers acting In ogency or nonagency relationships authorized by
240 Chopter 475. F.S., as amended, shall be entitled to recover from the non-prevailing party reasonable attorney's fees, costs and expenses.
241 S. FAILURE OF PERFORMANCE: If Buyer fails to perlorm this Contract within the time specified, including payment of all deposits, the cleposit(s) paid by
242 Buyer and deposil(s) agreed to be paid, may be recovered and retained by and lor tile account of Seller as agreed upon liquidated damages. consideration for
243 the execution of this Contract and in fLdI settlement of any claims; whereupon, Buyer and SeHer shall be relieved of all obligations under this Contract; or Seller,
244 at Seller's option. may proceed in equity to enforce Seller's rights under this Contract If for any reason other thon failUre of Seller to make Seller's title mar.
245 ketable after diligent effort, Seller tails, neglects or refuses to perform this Contract, Buyer may seek specifiC performllnce or elect to receive the return of Buyer's
246 deposll(s) without Ihereby waiving any action for damages resLdtlng from Seller's breach.
247 T, CONTRACT NOT RECORDABLE; PERSONS BOUNDj NOTICEj COPI ES: Nellher this Contract nor any notice of it shan be recorded In any public records.
248 This Contract shall bind and Inure to the benefit of the parties and their successors In Interest. Whenever the context permits, singular shall include plural and
249 one gender shall Include all. Notice and delivery given by or to the attorney or broker representing any party shall be as effective as If given by or to that party.
250 All notices must be in writing and may be made by mail. personal delivery or electronic media. A legible facsimile or elec1ronic ~ncluding 'pdf") copy of this
251 Contract and any signatures hereon shall be considered lor all purposes as an original.
252 U. CONVEYANCE: Seller shall convey marketable title to the Real Property by statutory warranty, lrustee's, personal representative's, or guardian'S deed, as
253 appropriate to the status of Seller, subject only to matters contained in Paragraph VII and those otherwise accepted by Buyer. Personal Property shall. etthe
254 request of Buyer. be transferred by an absolute bill of sale with warranty of tille, sub/ect only to such matters as may be otherwise provided for herein.
255 V. OTHER AGREEMENTS: No prior or present agreements or representations shall be binding upon Buyer or Seller unless Included In this Contract No mod-
256 ification to or change in Ihls Contract shell be valid or binding upon the parties unless In writing and executed by tl1e parties Intended to be bound by It.
257 W, SELLER DISCLOSURE: (1) There are no facts known to Seller materially affecting the value of the Property which are not readily observable by Buyer or
258 which have not been disclosed to Buyer; (2) Seller extends and Intends no warranty and makes no repr9Sentat/on of any type, eIther express or Impl1ed.
259 as to the physical condition or history of the Properlyi (3) Seller has received no written or verbal notIce from any governmental entity or agency as
260 to a currently uncorrected building, environmental or safety code vlolatloni (4) Seller has no knowledge of any repairs or Improvements made to the
26t Property without compliance with governmental regulation which have not been disclosed to Buyer.
262 X. PROPERTY MAINTENANCE; PROPERTY ACCESS; ASSIGNMENT OF CONTRACTS AND WARRANTIES: Seller shall maintaIn the Property, including,
263 but nollimited to lawn, shrubbery, and pool in the condition existing as of Effective Date, ordinary wear and tear and Casualty Loss excepted, Seller shall, upon
264 reasonable nollce, provide utilities service and access to the Property for appraisal and inspections, including a walk-through prior to Closing, to confirm that
265 all items of Personal Property are on lhe Real Property and thai the Property has been maintained as required by this "N3 IS" Standard. Seller will assign all
266 assignable repair and treatment contracts and warranties to Buyer at Closing.
267 Y. 1031 EXCHANGE: If either Seller or Buyer wish to enler Into alike-kind exchange (ellher simultaneous with Closing or deferred) with respect to the Properly
268 under Section 103t of the Internal Revenue Code ("Exchange"), the olller party shall cooperate In all reasonable respects to effectuate the Exchange. includ-
269 Il)g the execution of documents; provided (1) the cooperating party shall incur no liability or expense related to the Exchange and (2) the Closing shall not be
270 contingent upon, nor extended or delayed by, such Exchange.
27t Z. BUYER WAIVER OF CLAIMS: Buyer waives any claims against Sellar and, to the extent permitted by law. against any real estate licensee Involved
272 In the negotiation of the Contract, for any defects or other damage fhat may exist at Closing of the Contract and be subsequently discovered by the
273 Buyer or anyone claiming by, through, under or against tile Buyer.
FAR/BAR ASIS-2x Rev. 2/08 ~ 2008 Florida Association of REALTORS' and The Florida Bar All Rights Reserved PagEl 5 of 6
u.s. BANK NATIONAL ASSOCIATION as Trustee under Pooling and Servicing
Agreement dated as of August 1, 2006 Master Asset Backed Securities Trust 2006
HE# Mortgage Pass-Through Certificates Series 2006 HE3 c/o Fidelity/Barclays
Capital Real Estate, Inc. d/b/a Homeq Servicing
HomEg Servicing
.70 I Corponlte Cenler Drive,)'" Floor. Mail Code NC 4794 . RalciSh. NC 27607 . wIVw.homeq.com/reo+
LEAD-BASED PAINT INSPECTION CONTINGENCY
AND DISCLOSURE ADDENDUM TO CONTRACT OF SALE
This Addendum is made a part of the Contract of Sale date ()p~; l'2 \
~f ~f (~'~'~
{ ,.[~. ,,,"\~ t. ~~. ~Y\.c,'f\'"
property located at 0>0'40 4lol't'Y ~':"c0 W(1(~ fL
, 2ocfL, between
("Seller") and
("Purehnser"), for the
,,\'-\ It (II
In the event any I)rovlslon of this Addendum conflicts In whole or In part with the tel'ms of the
Contract of SIde, the provision of this Addendum shall control,
I. Lead Warning Statement. EVERY PURCHASER OF ANY INTEREST IN RESIDENTIAL
REAL PROPERTY ON WHICH A RESIDENTIAL DWELLING WAS BUILT PRIOR TO
1978 IS NOTIFIED THAT SUCH PROPERTY MAY PRESENT EXPOSURE TO LEAD
FROM LEAD-BASED P AINT THAT MAY PLACE YOUNG CHILDREN AT RISK OF
DEVELOPING LEAD POISONING. LEAD POISONING IN YOUNG CHILDREN MAY
PRODUCE PERMANENT NEUROLOGICAL DAMAGE, INCLUDING LEARNING
DiSABILITIES, REDUCED INTELLIGENCE QUOTIENT, BEHA VlORAL PROBLEMS,
AND IMPAIRED MEMORY. LEAD POISONING ALSO POSES A PARTICULAR RISK
TO PREGNANT WOMEN. THE SELLER OF ANY INTEREST IN RESIDENTIAL REAL
PROPERTY IS REQUIRED TO PROVIDE THE BUYER WITH ANY INFORM A TION ON
LEAD-BASED PAINT HAZARDS FROM RISK ASSESSMENTS OR INSPECTIONS IN
THE SELLER'S POSSESSION AND NOTIFY THE BUYER OF ANY KNOWN LEAD-
BASED PAINT HAZARDS. A RISK ASSESSMENT OR INSPECTION FOR THE
POSSIBLE LEAD-BASED PAINT HAZARDS IS RECOMMENDED PRIOR TO
PURCHASE,
2. Sellel"s Disclosure (Seller initial)
_(a) Presence oflead-based paint and/or lead based paint hazards (check one below):
o Known lead-based paint and/or lead-based ha7.t1rds arc present in the housing (explain).
o Seller has no knowledge oflead-based paint and/or lead-based paint hazards in the
housing.
_(b) Records and reports available to Seller (check one below):
o Seller has provide(1 Purchaser with all records and report (which were availablc to
Seller) pertaining to lead-based paint hazards in the housing (list of documents),
o Seller has no reports or records pertaining to Icad-based paint hazards in the housing.
3. Lead-based Paint Inspection Contingency. If the property was constructed prior to 1978 and
includes a residential dwelling designatcd as "Target housing" by EPA regulations at40 CFR
Section 745.\ 03, then the Contract of Sale is made contingent upon Purchaser's right to
undertake a risk assessment 01' inspection of the property for' the presence of lead-bascd paint
and/or lead-based paint hazards, including undertaking a risk assessment, If such inspection is
not obtained by Purchaser within the stated ten (10) day period, the contingency is tenninllted.
If lead.based paint or lead-based paint hazards are present, Purchaser may dcliver, within the
same ten (10) day period, II written contract addendum listing thc specific existing deficiencies
and corrections needed, together with a copy ofthe inspection and/or risk assessment report or
Purchaser may terminllte the Contrnct of Sale by giving SelicI' written notice within twelve (12)
days after the effective date of the Contract of Sale. If Purchaser deliver a written addendum to
Seller, Seller shall have the right to elect to correct the condition or terminate the Contract of
Sale.
Lasl Revised: 03/26107
Page I of 2
4. Purchaser's Acknowledgment (Purchaser initial)
__(a) Purchaser has received copies of all infarmlltion listed above.
_(b) Purchaser has received the pamphlet Pmtect Your Family from Lead
In Your Home.
5. Agent's Acknowledgment (Agent initial)
_(a) Agent infonned Seller of Seller's obligations undcr 42 U,S.C. Section
4852d and is llwarc of his/her responsibility to ensure compliance.
6. Certlflcnte of Accllrncy. The following parties have reviewed the information above and
certify, to the best aftheir knowledge, that the information they have pmvided is true and
accurate.
Seller
Date
Purchaser
Date
Listing Agent
<1~I/(j1
011 e
Purchaser
Selling Agent
Date
,-1/2)0 q
DlIte
Last Revised: 03/26/07
Page 2 or 2
THl8 FORM HAS PEEN APPflt)VED PV THe FL.ORIDA ASSOCIATJC)N OF AEAJ.TOhS. Af,lO 'HE FLOflIDA BAR
"As Is" Contract For Sale And Purchclse
. L-:'~lJi.I\~;( CI;\I .,..f! cO! F.tJ\LiCJ ,~> ,I.C1" IL. 'l,I)IU h G ~H
. . . 1 ~ d e't:1.;1}-""""" ~ III _
PARTIES: u." S,!$!1-"'~ A/,4-ntMJAL A-:2.~f!-,IA-7iQN ~~ ~ptfI"II'Mrl 7"rru t'SeUer").
and COLDER COUNTY G<>VERMENT t'8lJYerj.
hereby ~ thol SalBr snalI5EII wlf./ Buyfa' old buy tho 1oIow{1g dooorlbGd ~&1 Pr-opQrty llfld Personal Pro(J1ll1y (col~ "PY'ocert'l"l
puteuanllo tIie terms; and oordllb'1s oIlh1a Contract 10r Sale end PuJd\ase and any rldtar$ ard addenda ("Contract");
I. D~IPnON:
~ U:gaJ dcecrfpllOn of the Real Properly ~IAd In COlUE~_ Comly, FlOrida:
(b) Street adQ'es5. dly, ~p, of the Properly: 2040 46TH 'fER SW. NAPLES, FLORIQ,A 34116
0:) PetzlOn9l Property Includ&s 6~ ~. RlkigerEllar(sI. dl6hwaet.(s). o&Jn9 fan(S~ ~ tixtureCsj. and YAndow lraatment(sJ unlasS
epoolfaJv &XCIuded below. .
OlJ'\e( ItemG ileludecl 8l9: NfA
..
2"
3
4
5
a-
7.
lr
9
10
11" .
12"
1a"
14'
Items at PlnIon~ I-'rq:leIty ($tIO Ilt8S8ClltUlnH. If I:lJ Jy) ~ AID; NIl\.
- 1.~ell.lXI""
~u.
~!
21.
22
2S*
!o,\aJ Ii. 4 I..
~ "
... I
~~~~EPRICE ~'Sw~~kfo ..Ti-Hfi:'u.:c....... ............ .... .... ....,.......... $
=-~=tto'i~~~~=' =~;'~~~~tt~ s
VJI JIO<IItfQnaI ~uw I,/IIJ..'U6iI to bo IEIfido, to ~ ~ ~thlrI_ c>>ta ah~ e/leOtil;6 O,ate In .. ,"mnunl aI. . . . . . . . . ,
(ej FnIncr1g In the IImOl.fII 01 ("Loan A/nount") &lIcl Pareonlph IV bslow . . . . . . . . . .... - . .... . . . . . .. . .. . . .... . . .. . .. . .
ljII OM (){L
(d)er....". ....."... ",. ~.. I........ . . I... ...... I. t" I......... I I.... . I............. .... ..,.,. ........
(0) e..t\Wl8 10 dose rw c:a.'Ctl. wire lrar. 01 LOOil.U..Y OfIAWN CIItI/1Ier'a or ol/CIIlIlla'IIc checIc(llt. ~
ID adjlllltlnllr1e ('f ~. . .. . ." ..... . .. . . . . .. .. .. . " . .. . .., .. .... .. .. .... , . .. ... .. .. .. . . . . . .. .. . : . . _. . . &
TIME FOR ACC1:PTANCE Of' OFFEFl AND COUNTEROFFSRS; EFFEOTlVE DATE:
(~ r tIl8 oller Is nO! 9lC8CUled by &nd ~WRId 10 at part. OR FACT OF EXECUTION conmunIcalod i'l ...~ beaween IhEt pertlee on or
before .:4'2M!:B1I9 .!St::'1 aq . the <1epOIlIIlSJ WI, 8l Buyer'B opdon. btl MUI'-' tuIU thig offer~. Un~ ()IhOI'-
wlao Bialed. the UmB tor aceeptance 01 any counteroftBnl &hall be 2 days from tM date the ooutlterotr8l' ill deHvored.
S. (b) The dlltI.l of Contract ("ElteotNe Date") wit be the date ~ !he Iasl one eX Itle 81$' era SeIer has 81!J\ed cr ~ Ihi6 offer Of the
29 IlnaI counteroffer. " 8UCtI aats is not Olherwl:le :let forth h lhlll Contract:. tten ~ "EffectiVe Ocl/oe" .1 bo lho cIato ~~ C\bQuB for
30 ~ 01 Chis olfer or, I( appllcable. !he lInaJ CWlleroller.
31 IV. FINANCING:
~. !;j (ti) ThIe i4 a tiIl:Ih ~ ~ no oontlngenclea 101' ~
33" 01;)) 1li9 COnttElC11s conIiJgert on BtJljlII' ~ WI1lteo lo51 ca'M'lIIInent wtVch anIrrn& unc:terMilirg ~ approwt for' a Ioen to purchase
34. tI6 Prcpe.1y ("ll:u1 App/owI") wIINn _ day$ (ll:B1k, hn :30 dayst alter Etledtve DUB C'LOan ApptlwI D8t&") for (CHECK O/'ol.y
3.1i" ONE): U a fillad: 08l'l adllsl:ablll; Of O.a freed'cr actJsl8b1e rate IoerI, In hi L.oarl M1ou'lt (See Panqaph l[c)) It iiI'I,ir1JIIaI iltereBI rate noI to
00-. fIIC6ed %, aod for 8 tBIm of ~}I88I'S. ~ vAll'IlIIko appblJcn 'Mlt1Il'I_ daye IJI ~ lIlen 6 ~ a/IIilr elTlIUIM:l Dale.
37 SUVER: EUter el'lal use reasonable cIlgIwx:e to: oI:d'll..oa/'1.wovat noclfy Sell. in writtng of reoe,flt 0( !..oM Approval by Loan ApprowI
38 Date; ~ terms of the Loan ~ and c.Iose 1hfl1aln. I.oI1n ~ v.tJktI AlIquM ~ an:lIdon lGJaIecIlO the saIa 01 ~ fl'CJPfIo1Y $haI
sa not I:ledeMlElCl LOM Approval lor ~ Q(a'lls~~ r::Juyer anal j:IlIYelloan c>>cpOl"ICOC. ewer ~ jVj rnortgsoe bmlcclr(ll)J!lR:l
40 ~ to dGdose nIormallon ~ the conditkYls. litalu8, arw; ~ r$1oa.n appllcetm and Loan AppIwal10 Seller. SeIIB'~ IItIoI'n~
41 raal89lal8lOElrl6ae{s), and Chlr'Ig Aged.
~ l'lal.EFl: II Buyor dose ncl ~ to $$W wtllt;n noltca of Il'Illn ~ by Loan ~ Dale. $ale( maythereetttlr cancel tIW Conttad by
43 defMlltlg wtlll&'l noIIce ("SeIer'$ CancdaIion Notlco") 10 8Ujer. bU not"'lI'en SlMrl en dlIys plitt to ~ SeIer'e Crn:eII.I6on Notica shaI
44 ~ aJ)Iet thai Buvar has UTes (3l ~ 10 delver to seier vdten noti;e waM1g this Filcrcl1g conIk'Igency. or II'Ie ~ =:;haD be C8I1called.
4S DEPOSlTlS) tfor pI,IR)08e6 of IhIa Ananclng ParagRlph 1V(b) 0QIy): ( aw- has used ~B c:l1IgerlCe tu 0;1e8 no! oblailloan ~
46 by Loan ~ Date, and thereaIter eIIher party eIecIB to CIII"iI:d hi OcrbBc1. t'\El <MiPOSll(9J ftJf be JeUTled 10 a.,v. II Bu~ CIbCaIn5 l.oton
~7 AprnNSJ or waive:lltill F'~ CJcrJIlngenCy. In! U'1mlfiler the Conltacl 00elI1'101 cbss, than Iha deposJlls) shaI b& pek110 Sa'IIr; J)'CM':Ied how-
4a !Mlf, W tr\e falm 10 oloGG is dJe to; (0 $QIIQr's IBiUe or re/i..J$aI 10 do!la Ct S" o1hetwls8 f8I8 to meet !he If,m1II ol1he Contrad. or llII ~'s lender
49 lalJ!IlO ~ IrId apprtMI an f4:JpralSaI 01 the f'rtpIr1y III ;trll:lll uunt &/1tIcIent to ~ 11'10 t~ at tnv l..ow1 ^wtCNBl, then lhi'l dllpQiZit(B) anal!:lA
50 tell.rrned to~.
51. 0 (e) AssumptlOl'I of elli5lilg rnc:w1gega (see rlder tor t8rl1l!l); 01
02" Q (d) Purcihtla6 money nolo und rnortgElij8 to SollQl' (ue "AIf, 18" Stlll'\l:4lrd'l R :w:I K and r1dQt9; addenda: Of spllcial clauses fmtarms).
53" II. TITLe EVIDENCE: NIeB1lI_ days ~ tjMf(, men 5 doy.s) baIae CIoSng a li118 il'$./l'8l'lOS (XlImi1ment wllh IIlgIJlll coPes of hstrl,l1'lll'l/s Isted as
54 (ll(C8pIiOntl atla:Nd 1heralo mle CrovnItrurt'1 mj, atler ctosng, .... owners poUcv '" We ~ {sse SIm1di:rd A br tlll'~ !lt1B1I be oIJIailed by:
W (CHl;;('.I( ONLY ONE): Q) (1) SeIIEJ'. at Sel8r~ expellee ancl delvered to ~ Of &fter's atlotney: or
56" ' ' a (2) Buye( at S\.JyeJ's $lCt)lWe.
51* (CHECK HERS): Q If 1111 abstract or llde is to be furnlahild Instead 01 tille 1t'lswance. and atlbCh ddIlr tor termfl.
5B" VI. ClOSING DATE: Th8 _MSaClIOn shel be clooed Md the ~ ctxu'l'la'lt$ cleIo;eted on ~1200g ~, utieas
69 modIied l:1t otler ~ of tI'is Conlmcl. In the ell6ll1 01 eldIemo \Walher Of Oltlef cmdlllcn; or I1Wt:III:i wlfllil~ "br;;c ~'. Ooohg w1I be
eo alltErJdad 8 reasona!j91b'ne lA1t ~ restaatJcn of u1ltties etl:l othet tiII!rIAoe8 essential to ~. end ~ a'JaIIet4ty or Hazard. WInd. Flood. or HaneowrIll!B'
e t. i1$uBnce. If &uch CMClitb'l& oc:>>'lIirLe /TD'e 1han 1L- days If blank. ti'Ien j <4 dI:tpl baymd CIoGtlg 0aI8. ttllI'l enhet party .rreJ C8ra1J tIia Callract.
FARJ8AA ASlS-2x Re\I. 2f08 c 2OC6 Fb'1d3 As:loclallorl of flf)llTa'\$. arYl The Fb1da Eltv All Righl$ ~ p* 1 af 5
s , ..
$
$
n no
OM
be, 000.00
17A~'1n .
9(;/01 39\;1d
W~lI\;1WmWOH
0(;9ES9S6I6
Ip:p1 600(;;(;0;90
I
U.S. BANK NA TIONAL ASSOCIATION as Tr~stee under Pooling and Servicing
Agreement dated as of August It 2006 Master Asset Backed Sec:uriti" TNlIt 2006
111:3 _.rtll'l2" P...-Through CertiIicolts Series 20061lE3 eIo Fid<Ill)lIl>oni." @
Capit-.I Kt:al Eatille, .~... ttlhh. Ilcnn,q 8t."'iCiliBI- t!P
92:/1t 38\;td
WcllI\;;IWmWOH
02:9E8985'[5
'[p:p'[ 5002:/2:0/90
.52 VI. RESTRICTIONS: ~EMENTSi UMlTATIONS: SClUer llt1aIJ 0Q(W(:f marl<<llabfe 1"1e subjBc110: COffiIl(el'lonsMl land use pIlIflS, zoning.
63 r_rk:ilur 1:1; .:uohibJijOM end alho/' fOQI.lir_l$lmpOeed by OOVNnmanl81 auUlorll...: lll6ltiCtJe.'IS and malters 8P1)4latlng 00 (hi plat or othefV.Ase
64 COI'I1rT\al 10 tt.e aubdivlslctl: outatandrlg 011. gas alld mItlllr'a1 r911$ of IllCOrd WiltlOut rlgM of 13nlry; UfIp!atted pI.bIic utility easements ot record
65 pOCaled ~ 10 teal ~pSf\y lnes M(l no! mora tnan 10 leel in wdh as to tlle'rGa( ~ fronlllnes a"ld ., 1/2 feet in width E\8 to lh& e'.de . I
B6 INt.!; '-- 101 y_ 01 ~ And Slib&eqUlllIt years: and aslllM116d mortgages .,ld pul'chase money morLgage6, If al1I (~ addItlor18l REmEI. sea ~'lJ.e.1
61" acIClanc*Jrn); prCNided. ltlaIlRele QlUB&& al ~19&1Ag OO":feJst.lGA sf tka 19I1l'lIint1 Md nOl~ pnlyQ(\1 use ot 1M property /(,J( ~ Ji2.
~ SINGL.e FAMILV HOME pllr~(sl. (PA
59 Viti. OCCUPANCY: SeIer ~I dElli'N 00ClIlli'lllCV of Propetty 10 Buyer at tms of Qosing unless OltiarwleEl $tatoo harM If Pro~iy is nond
70 10 be renWd a ~EId beyond C,;IQsInQ, lnlIlIIGl and tlIRllti U IlfIE(;l/ lWlCIlhct ICll1ao'\l(~) Of ~ta IlMIl ~ c1i~ flIJnl1JaJ'lt to "1lS IS" Slancltvd
71 . F. II occupIII'ICy i$ 10 be defvered before CIo8ing, avyer 8SSUn'III$ ell riSk& QI Joss 10 PrOPIIIty from date 01 0CCWBfiC'y. llhal be reGDOn$IbIB af\d loole
7'i for rm./ntwlaooe &tm d18t date. lW'Id 8haII1l9 deemed 10 hew acaplecl Property In its eJClstIng ccnd1lial as of lUr11l 0' IBkinQ occupancy.
1~ IX. lYPEWmn'EN OR HANDWRI'rTEN PROVlSION!I: T\lP8Writter\ or handWritten provIalMS. riders and addenda shaD canlroJ aI pri'ltBc1 pro-
74 IIl8lata oIlh18 ContrlQt In con1IicI wtillhem, ,
75" X. ASSlaNABtl,.rN: (CH15CK ON....V ONE): ewer 21 may _en and tr\Ilreby be relimBd f<<lIn MY furt/'lar' llablty UI'\d<!r 'hill Con1rDa; a may
'fA" A.u9'Il:lUt not be I'8hllIsBd ftom II!l.bity I.In(l'flI' thi:I Contract: or U ffillV not 8$SIgn thiS Co\'Itl'(l()L
n XL. DISCt.OBURESI
7l'l (~ The p~ may be $UbjecI to ~ epeol8lllSll88lltTl8nt IonM Imposed tN, a plblic I)Oay ~Ic body" does not hclude a
79 CondomIn/u.'f'I Of~' Ae$lDClIIlion). Such 1iIln(Ill. if ~. whelhfill' certllled, COl'\Iirrned and rtlIlIiGd. pendll'lg, or payst:J1Q In nslallr'r1anta,
60" M of Cl~. ahoII be paid _ {obN.: m ~ geIIor 81 cfo&lna Q bv Bwer (If left blank. then SeIer at Closing). ~ lhe 81'11016'lt QI any
81 ~ to be JB:I by S8Ier t.. net been ~ del...riled U 01 CIolling, 5* sl"IfII be Chlll'QCld at CloGIng an smolA'll equal wltMt
B:2 .t estknlde or ~l for II'lG k'nprovemllinll)y Ihe pubic I:lody.
B3 ~} Radoo 1$ II nenx~ 00Cl.lRtlQ mdloaDlNe gea \I'lllt whlrl tlCOlI11ulaled i1 a buldil19 it GUllcIent QUaI1lilles may pte8G1l1 hElilllJ~ risks to per-
84 ll(xlS whcJ are lDCPosed 10 iI 0\I8f lime, UlIIeJa or radon lhld "",ceec;l1edInI -.I sloJto suidellnea h8IiO t.lGen toul'ld In. huildWJOll ., Aa-ida.
85 ADci\lONl .,fc:lrtlllltlon ~ radon 01 radon testing ITXIY be obtaned fn;nt )'CU County Public Health uoIl.
98 (e) MoIa 11 na/JJtalIy oc:antJQ WITl81 ClIl.I\SC hqaJlh rIlks or d$fNIQe to property.. 1/ ~r IS concerned Of oeM. addltiorwl nlcrmfl\ioo
87 I*,~ mold, EIuyor clt\ovld eontact _ 'PP/'OPI1ll1e rvnIP.lIIicneI..
138 (d) Buller ~llt roollipl of the FIcrid4I EtwfN"~fllcIerlcy Rallng ltIIomla'iOn BrochlJ'e r<<!uired by Section li53,9\I6. hS.
as (a) If lhe RClOI Pl'ewtY JncIudEl$1R"1978 re.s~ l\Ouaing.'1I\e(J a lllad-lJa$ed panll'1dGr I6llll11datOlV.
go (lllf BelIr is a "fa'llign ~. as C1etlrted bv Il'I& Foreg, tlYlitSlment n Real property Tax~. Ihu parties sJ1Illl cornpI:y wkh U18l Act.
91 (g) BUYER SHOULD NOT EXECUTE ms CONTRACT UNllL. ~UYet( HAS RrroetVEO AND READ TI-II:' liOMEOWNERS' AS&OCt.L
G2 11ON/COMMUNITY DISCLOSURE.
93 (h) PAOPEA"I'Y TAX OJSOLOSURE Sl.tIMARV: BUVEf\ S/-W..O OOT RElY ON THE SB..1..ER'S CURRENl' PROflERTV TAXES AS TH: AMOUNT
Y4 OF Pl'lOF'ffIlY TA>.1:5 il1PoT TI-C DI.rfS1 MAV eE oeuaATB> TO ~ IN lHE VEAA ~LJB,qECIllI!NT TO PURCHASE. A C/-W.IGe (7 ()NNER.
95 SHP OA PROPERTYIMPFIOV9JlEHTS TRIGGeRS RfASSESSMENTS OFiHE PRoPEmVnw 00I.l0 RESl1.r N HIGHER ~ERTYwa:s.
9& JF YOU HPM: N'N C1I..Il!SI"lOM3 00N0alNING VN..UA1ION. CONTACT l1-E CXXMY PROPERTY APf'R6.lSER'S OFFICE Fa1INFOAMATION.
g7 XU.. UAXlMUU FtIiPAlR COSTS: oanso
98" XIII. HOME WARRANTY: 0 Seller 0 ew. ra NtA wit pall tor a IlOMe watflWf pIaO ls:lUllO IJy
W at I cost nollo 8XCelld $ . .
100* Xl\(.IN8PECnoN pe~IOD AND fUGHTTO OANCEL: (a' Buyer MWI /I.aII8 --1!L- dap from Ell8cwe OIIt" ("1nspa4tiM PlII'fod'") wTthln
10' ~0II1O lIiI...lIII'CIllI~tI~ of I/I<I""~ p(H1OrmlHl_ B~.".II d-uw and utiHfies service M8J/ be J'fIitdo ~ by the
102 s.u.r during th.lMpoctiotl Period; (bJ Buy.!/lIdI /)'IUpOn~ /Dr prompl paytnMt for IJUdJ IMp.Otlon. SlId ftPIJ/r 01 dsmaQe
103 to ll1ld rNtOnitlC1f'l of Ih, Proportr rellUlt/ng from ICICIlIrtspectIam .nd thls prcNlsIon (b) lIhall SUIViv. 19tmlnatkJn of thIs Conrrsct;
10<1 .,d (c) If Buyer deterrrr/nBc, In &(yw3 BOIe~, thet the ProfMJItY 1$ not IIICCfpQ/IJJB to BuJl'llj Buyer may CWlC4T t1JIs Contract
105 by rhIiveIirtg faR/mile or wrlt1sn notice 01 such elet;tion to BflJIer fJrtor to tn, QXpIfiItIorJ of U. IrHoptiCtJon Porlod. If IiIuyoI' tlmely
105 ~~ thls ContlllCt, tJJe depos!t{s) pa}dlSlltfll be 1mmedataty f8fr.1m.d to Buyer, thereupon, &.irer and s.IIor flha/1 bo re1NHd of
107 11II furtJwN obll~t/OM undet' this eorw.ct e;<<;ept.. ptOVIdfId In thQ PQf'l/ISTItph XI\( UnI<<III Buyer' flllflrchu the right to CfIlIQIf/
loa QlBntetJ 1HIfeIn, Buyer accepts Ihtt p,o,:wry In 1t!6""""" phyaI<<II tandltiwJ. _jlfcf f(I any lIirJJaJlon of Q01/'liImJ1'IetllaI, bUIlding,
101il enviIwlrnlldtat, f.lIId MIItty co_ I'HtrietIol'I8 or tequil'4llt2fJMs and ., be fNPtJnS'1bJe for 1UI}' and all ntpaJr.s 8lId jmprovltMtl'f$
,,0 required by BuJlB"8/W1dat: '
I 11 xu RIClI!RS: ~ SPEaAL CLAUSES: CHECK Ih05lI riders which n applicabllt AND are at\aotIcd to and macae p&rt Of thIS Oontract: ....~1I.
1 t 2W a CONOOMINIlJ~ a VNFl-IA 0 I-K)Ml!ONNERS' ASSN.. ""l.EAO.eASED PAIN I ~ COASTh.. ~TRUC'l'1QN OONTftQL UN!; ~ l!a
113" l:J NSllATION a EVIDENCe OF TTTLf (SOUTH FI..OAtOA CONTRACTS) OOfW ~iIll'lSMl R1det Pra.IfsIona )tAddenda ('p
114" SpecW Clau8e(Sj:
lIS'
116"
117"
118"
l1S"
120"
tl?,.
122"
l?'!I"'_.,..
1244 .
t25"
128 XVI. "AS IS" 8TANDAfl~ t'QfC ReAL ~tlTATI! TRANaAOTlON8 ("AS I~" $t~I'Ic1srdf41 SWat and s.l""... AC'.lcnaM1ldge r8C$IOI of a Copy
1~7 ot"AS IS" Standtuds A Ihroiql Z on the teYet$8 $Ide 01 attached. 'JIklie~ BIe inccrporated as j)at\ of.this Contract.
FAR19AA ASlS-2lI Rev. 2J08 C 2008 FlotIcIe A$SOCIatiClll 01 ~, 8ld The FlrJrtdIl Bat ,q HgttI$ f1es8JWl;1 Pllg~ 2 u( 5
9l/lI 39l;i'd
I~:~I 600l/l0/90
W~lIl;i'WmWOH
13l9E8986I6
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l1G "OM.' ~tNOUtli\PfflCYlDDY.tfUUI"M~Of'~NiOIHI ~1tM.
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9l/ET 39\;;1d
WcflI\;;IWB3ol0H
0l9ES9S6I5
IP:PI 500G/G0/90
IN WITNESS WHEREOF, the parties hereto have executed this Agreement on
this ~'"' day of M~ I 2009
Date Property acquisition approved by BeC: March 24. 2009, Item 10.....
Q?\) "
~
'"
.'PI
AS TO PURCHASER:
DATED, 1!~()1
ATTEST"':'''"..,
.q~~~'~~~~QK, Clerk
'. ;,~~<' !~~.:/< 2..,.,.r? ~,.~i"
. ,
BOARD Ot" GUUN I Y COMMISSIONERS
'COLLIER NTY, FLORID
S~priot~.. ~
BY: ~
~
Name:
(PnnlorTypo) ~
.../
Witness (SigmrtUre)
~,
- (Pr'jnt or Type)
,
, Approv
legal s
nty Attomey
Title
~
~: 1tCj.f) ~t.. T!~~vJ I lIJ<<fleo} R.. .3'11110 ~.
9(;/Pl 39l;1d
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13(;91::8986t6
IP:Pt 61313(;/(;13/913
146 "AS ISU STANDARDS F<>R REAl. I5$TATE TRAN$ACT1ONS
147 A. I nLIi INSUAl'oNCe Tile nJ& Coorr\ITIJU1&11l1tlllll t)II ~ by II """'io.IlII r",...~ Ill. itl6ulll' agl~ 10 "",.. 0v70r. lJtX)o rO<<>I'd1l'l\l QllllO dllod to ~,
t <l8 an 0lM'IlIt's policy of IllI9l11wance IA lI'l8 MIOl.I'll 01 ~ pI.ltch:l8e priCII, n;"mg ewer'; ~labJo illIG 10 U'18 Refll Propllrty. ~'Ubjfjcl or~v to malllll'1 CQ(I!;lIr\ed
t 49 i'l PaItagrapt\ VlIIII'ld lhose 10 be d~ by StIlet III Of befota CIotlng. ~ab/(l tilJl!I.thal be detemllnoc:l oceordlr.g to appblbla TIUa Slandlllds lldcpt.
l.liO ed by roltvdy ..., ThA RnrIriA AM aM In IlCmIdance wlth 1Bw. ~ sI1ll/l hav& Ii d8.VI from tIale of naoviru;llhe TiUe Commitment to -rile II, and If tIlla It
161 turd defecllw, notily S. '" 'NtitrlQ ~ defectl.) wNch /lII'4Qt' lRIe ~bla. Seller ~ hilw 30 c!lI.YlS from ~pl 01 nota 10 rlll'l'lO\lllll'le
152 c*lt1lCla. f:IIIr1g WhIc::rl Buyet 5haII. iMII'Ii1/S ~ OIlier ~ Qt IhlI30 c1811 perlod. dlllMlr wr~len oo:Ice 10 SIlIEIr tiiIhw; {'II frld1lr'dl11g tile lime for it~-
153 able pIl/Iod not 10 &l<ICeed 120 day$ wllhln which SeIIllr sha'I UlIII dllgenl ellort 10 l'IlrllO\llt ll1e dalocls: Of (2) (eQl.eIlino 0 1'llM1d g! dotlO~ paid 'ft41d1 Gl'laII
1 ~ be rG'l"",ed lQ flUV$l', " Buyer r1lIS 10 so IlQIIfV :5811_, I!luaW 5I1art be clwIulllJ II) "1111\I ~~ U... rille ~ n Ihlln iii. -3011<< oI\I:II~ U ,.10 III /ourld ~<<lIOOIo,
H36 IJge dIIgIn elb110 oomlCt dolecllSl wlIhn 1M linD PIOYICIDd. r. aIler diligent .IIort, SiJlet II unable 10 llmely 00lI$C11l'l/l Cle!eeIs., Buyer sh8Il either waNe IhO
156 deIeatG. \lI' reoeiYe " tvU1d Qt CIt,008ltfSj, th8nlbv .ellllll1ng a..". and SIiJer lrom alllUltlw ~ Ut1(jer lhls OonlrllCl II S8IIet Is 10 pto\Iidtl1he nile
157 ~ ROO b Is daNnd 10 ~ less II18n .5 _ prior 10 Cb;Ing. Q.JVllr nlaj/ (lldflt'1d d08ll:llt.lltvat Buyer ahall Mfe 'up to I) ~ from dale olleCeipt
1 58 to BXlII'liile SMlIln 1CCClfdMc4 wtth this . N? IS" StMden:t
159 a. PUACtIAS! MONeY MORT<lAGE; SECUA1'I'Y ABRefMENT TO SE!U.EFl: A purcNie f'f'I/X'IfIJ IIlClI1goge IInd mortgeg~ 1'oOC1I10 SI,6lr 1lI'lQJJ ptO\Ild& Jet II
1 80 GO ~ Ql'8OCl: parIcd In 1M ~ gf c:I8I$UIl a InIl mo/1gIIQe IlIYJ II 15 rJ<<f ~ period /I . SlIeOI'llJ 01'''' mottgoge; cInt proyIde tv riQIV. 01 prllp8VlTlent
16J n WDOl8<< in pIII'l WlIhoor penIIlV; e11111 W"" ~ il _II uf If....,., \ll1I1W R"'* PIClf)oltlI,; lot..... Il;oqulr. ill prlc.' /lotl6..-.c1 ~_N 10 bD kepI
162 In QOCd SllVlCfng: /lheI.lllrbld rmdIcadcn9 cf. or I4llura ed\iarlQli IJYjur, pri;Jr 4l\brtcli!lQll(9): llI'llIII ~& f:Ju\o\'ll' 10 fIlil/nb,ln poIk:IBII Of ~$ ~ II
100 BlBnI:.llrd ~ elau8lI ~ aI ~I1B IDcIIlsd on the R$II Property a(joIlilllll\lQ and aI plIrl1s h:ilded w~ the tarm "8ldMded <XMIrage
164 ~ and IUd! Clll'l8I' riSkS and J)8Its.. SdIr J1IlIY rl8lQf1llblv 1'lrlql.Ira, In an arnOlJl1l 8ql8J to 1tIelr nigh!!,t nual)/lt \ltlIu(l; atId \hQ mortgage. note
t 65 IVr;,I $$CUIty lIQR!8ITIenI.stl8II Do o1heMfft... bm and Q)tIIllf'\t l'/ICllMed bl/ SIllier. but Saller /JlOjf only r~ cIauaeIllI'd ~l,IgO ~lOMMy lound In rncrt,
166 ~ IYll:ItIgag6 notes and eecutrv 8g/ll8tIl8J1t$ generally lllfl2lld tIy $mtlgB ancIloon h!lilutlclna Of lItal. ex nalfonal ~ IOt:atect '" Ihe COI,4l!y ~ tha
1 ts1 AMI ~ '* 1ocaIad. J,J PenionllI Prop.1y w'--' beJng con<.'IIIV8ll 0I11SSlgn11d will, lII. S8IllIr'a CIPllDn. be 8UllJees 10 ll'lt II8n ct B SIClJrly B(1lISnent wi.
ISS detIQed by _dad tJt' lJod ~ AIA1aM6nla or o.tlIIoat8a 0I1il16. If R beIIDa" lMI1;.. !he ..,., plllymllnl w~ ~ U~ puriO<t<! ~\l. 1l18A>M,
188 O.1'AJtN!V:~. aI ~~ wIIIlln Ii'I'Ie llIDwlId.todllhlw lMdancttollltla and 10 /llCIill1'Ii1e ,rme, tr'tiN 1\1\\'$ me Real ProptrtY:MWyedand curti.
170 lIIIIId tit a ragllllnd Aotlda ~ . th,lIl.n'8'i d1~ 1ll'lM)8t'.l'lt'n8nllon lhll ANI Properly or d1ElIlmpr~8 locatod l1lMloIl ~Il all _back
171 1nIla, -.Ila, Ianda 01 ottlm or W,'JIaIlll tint ftIlIItldiora, Conlt8Cl coo..enara or ~cabla govemrnentaI ragUalion&. the $S/Tl$llhllJ oOlldl1Jle a IIlIe delec:t.
1 n D. WOOD DliS1'RO'l'ING OABANlSMS: DIlLeTED
'73 E. INGRESS AND EGRESS: Saller W8rl'8nI$ M/,t ~la 1fIaIl/'l6t8 L'l lll!1llS8 end agJllSS ID Ih8 R8BI PI'llp8I'ty suI1IclBnt 101' lis Jruet\dEl(j ua& all dQscrlbetJ
. 17<4 .. p~ 'f1l hOreot ond lim to lflII RsaI Pn:lperty Ie ftlwrablll" IlXlQrdance with "AS IS" Standatd A \\ClI'\out QXalPlJon fer llIcI< fJllegll rIsN of l1ICC$$$.
175 F.1.E.A.86SI SoIor ..~.oti$\W 10 clayc b411018 CloIin;. fl.millh ta Buyat -'" gllll.,...;llvn "-'- flfId ..,~ l,,"Qt. II'<lM tQd\ 1IIo\llnl specllylno 11141 r\:!II' Ill!
176 and d1lrIIIllln d the Illf1lIIt'l CICX:lIpII'I~, l8I'Iall'QIOll, ""'ilI'lClI(l r4tll anr;l $OCtJI1y dllpOBitll p8Id by Ieo.!lnL II 8_18 unable Ie oblaln !IUdllriltwr rani 1!llldIllln-
IT' 1111, Iho.,. Inkll'maIlon .... I)e ~ .IJ)' SSlBr 10 SlJlj8f \\rilhil tt& lhI8 porlod i11J'\o form oIa SeIer'IlllfldWl. and Bwtr mav ~ contacltllll-
178 8lII1O cormn BlJCh ntomlIIItn 1/ tt.18r1'lll d lIle ..... dill... 11181&rl1l11v 110m SeI!er$ ~latlOn:l, &\181' may lfllnllr611111"i8 CoI1tntct by delwrh;} wrIl1tll'1
l]g /lOb to SIller a11l1as15 dIIy& IJl1o' 10 CI08Ing. SllII8r 8/lIIlI. 81 ~ d8IMw Ilo"Id ~ III DIlgIIlaIIePgeS 10 &Jyer.
180 G.l.ENS: Seb G/lall tucdGhlO ewer at Itne or Clo=W1g IlIl didavl ~llGtll1g 10 Ule llbsunoII. UI'IIe5e ~ j)IO\idr4d 101 htIoin. or 00, JInancIng otalement,
181 diltnf; 01..,., or pollltlSlllllnolSknown 10 SIllEr and furtIw aIId1g It1I1 I_have beerI no ~ OIl11palni\o lhII ~ Prapert~ fOloo ~ Imme.
1 a2 clI~ ~ ClIlla 01 ClclWlg. If 1tHI ANI ~ hlMI bPen ~ 01' I9pIllIecr 1Ml1'irl1hp! r...... Sl;1IIw 8tlPD ~ ~D t!Jit walu_ 01 oonel" "'lion
183 Iieni ~ b)I tj ~ ~ II.tIccnrlllClOrl, auppIIn lII:'d malerialmlll n ~ to Seb,1en ~ M1mg Iorlh lI18 Nlmll8 of IlII1Ud1 QIIA-
184 (;11'&I ~ 8lbCOnJ1'llC1OI'lI. SllPf)llOt$ <<nl ~ UIIw ~ !hilt 81 cI18rges fa: improwmenIe or /'llI8ll wIlic;f1 CCIIAc:l iUfVe. II ba:is for a
18.5 OInIINCIIlln an or Ii dIim fOr dilrl'lQllllll hrMI b8en paid or will blI paicJ IllI1"J11 ClceinQ OIltlfl COOlI'lICt.
'flIj tt. PlACE OF Cl-OSlNG: ~ IIlIII Do IlIIld Ullt1lllXUllV ~ tl1e HII8l t'loQIrty IIIOC11lec1 at tn. '** 01 \tl!$ IVICiI'nlY IY 0"* ClOSUIg ageot roCl1l.lng
1 rn Agent") ~ bv 1'" p;,1y paylnQ lot IkJe InStl'llllCl. or. If no fide m.nnc:.. dlllllg'lll18d t7,t SIIIIllr.
'88 I. TIME: CaInIlIr' <.'fIiY$'" be \.IIIIlCf il COI'IIlUh!I1ill8 pllliocrs a:epI p,Eri:lds ct IN9 ltm Sx Q clIl\I8.lr\ wt1ch __ SIlt~, StIltIay$ 4I'ld 8laI1 or rftkln.
1M ellegsl ho~ aIIRI ~ .......... ~ *- rIMada ptntiId Int ~ IAI-.tcI\ aIuIIIllnd on a SalJ.msv. !lundeItt. or IlIagll1 hcldl'il\l sl'tal1Ild1lf"d 10 6:00 p.rn. of ltle
190 nllXI bueilea _ 'TlInlt Ie of Ih6 eaa8IIICA In tN. ConIract.
191 ol. CI.08Il'G DOClJIo4ENT$: ~__ Unlllh htdeed, bII 01 salo. cerlIcaIe ohlllll. caneIruclllJnlier1 elItlM, 0Wr1IIlr'8 ~ aIlldllvl. ~51J11rlM-
192 4lI, UrliJ'll1llld ~ ee1ot:lP11l81tn end CIllt1IIOtMI hIIrLmIrq, EM4r ... twlllsfl m~ ~ nole. atCu1ly 8gn18rl\8rll and InIlnang s1a1l1mllt'lta.
'1S3 IC. ~ oocc.rnsnlll'Y....on II'1e llelilClMCl rJl:Orr.wwOfCQfnlCltloe~1!tllII blI pllIdtJy $ala; I1JI COIfblllll!ll.iyarll.....l(whl.U.... uI.IIliio'''''
1 94 f1an S6Ilir Of 1hird plII1~, kd.IdIng, WI not bI$d 10. ~ 8IImps ancr Irt.lIrIgbllBX on lI'IIl ~ IT1C/UlY mMgege and ~ mcrIgage Si!lIUtlIs:l.
195 ~ b InlIlrMce ~.w11h ~ 1... Md ~"ct pIllC'laSll mMCl'i mottgago, deed f!nd IlrMdng Btalllmenla.... be pekl by Bu)w.
100 l.nI8II oIhnae PItMdBd I7t law or rlCfer Ul thIt ConIraCl. c1woeelor rc:'IlUed doe/nQ SiII'IIlo8a, tllIe tl88rCIl, Md cb&InQ _ 0rJcIudlng PfIIl81lIllcn Of Glosk'lg
197 1Jl8I8menI)...... be pIid by tIw JlII1Y .apMIIbIe fa ItmsIWlg n IIIIe 0YldIInc:e l/l accordIInoe wtth Pllfllgl'~ V. ,
1 Q8 l.... PROAATDNSI ClE)ITS: ra-, UUSlIIlW1Iw, I'8nt, Warest. i'lsl..rlIoce.-.:l Olhlr e:rQen_1JI the Prq:llrf;y !lhttIl be Jlrt)nIted IMxclh Itlll dey befc:lr8 Ooanll.
199 9.tJar an.t ,.. IN (If:IIIO/'I ct llIkIng fNf1( tIdIttrc;j poIlclll ct ~ I ~bl&, lr\ ~ tMinI ~ ~ b6 llI'OI'alllct. Caah III 0iIlIilg nil be
QOO ~ tJt' ~ aIi fNto/ bG HWPod by JlIOI'oIIIIono 10 Gcio mQIjg ~h ~ PIlot 10 Clooirl$. ~~. it 00cupuncy OCCUtll berOl8 CloainQ. ~
201 AlA en;t ~ dIIPOlrI& will be elOdIod 10 ~ EIcrow dIlpoeIlo held by ~ WI. be Ql'lIcItaa 10 $dIer. T(IlC8$ :!tI8lI be P/MIl8d balllld on the ~
2Q2 ~ 1ax wIIh CU ~ madlI tor maxirwm IIIow.8tIiI cisctan, hofT18lllead IIIId oItler 9lClll'llplbos. . ClolIlng OCCI.Q at Ii dM wIlGn the Cl.iI'IMI yen IJII..
203 _Is net lead lI1d CIUII8l1l yeer'8 ~ Is awaIlille. IlIlIlCl$ v..I be prat81ed bMed I4lOO lIldl asseII:lIIIlInI wvJ prior yea.r's m/Ielge. If QI.m!ItII yW8 ~.
204 merit II net -'IIbIlt, then 1.- wfI be PrOI'atId on p.1cr _, tax. r lhItte 4I'll oomp/eI8d ~ on thli Pleal Properly by Jaru!sy till d yM1 0/ CDIilg.
205 W'lch lmprowmenl!l were not In IlIIItlirtCe on ..tarlIey 'Ill r:J prtor yeII', than _ IN. be prot'8IllCI tI!ls&(f U/XlO prior yawls milage lnl 81ll11l1Qt.11Uiti8 ~.
208 l11<<l1 to be egrud /JI.l(ln OlllWMn lhe plJrtl68; _ ~ nlQI.lIIlII sI'1lIIl:J$l'l1IIdo 10 the Colrty ~ ~ 101 all ~ ~ ~ i1to
;;ll)? ~t ~ _pIlOna. ^ llIX ptOtQlIoo boood on an oolinllo ah&I, iii ItqUo:It d 1lI1hor pgrly. bg -d,UItod I.flOtlIOO(llpl or ounIo'll ~\; Ia>t tl8.
20fl M. (ReSERVED . pulpOMlly lelt I;Wok)
209 N. IN8PIlOTION AND REPAIA: DIL.8T'ED
.210 O. RISK OF LOSS: I, aIIer !he E'IIlic:We OllIe, It& At:p.1y Is dIlrnBgad bY h ()( otl'lIJr <:asu.1IIlI ("CMUIIIly ~ beIao Clam9 1I1ll' COBl 01 RlOfolalloO (whIM
211 &l'1IIII1'oCld!l thll cost ct lJ^riv or rvrnM'Q ~ IflIMt dOII& IlOIllWC9lI(I1.5" alltl8 PlKIlII8 A1ca, eo8I cll'llStOrZlllon shea be WI ~ at SollIW (Y'J(f
212 0I0lIIng IIhaI pmcelId pulIUIII1I to'he ~ at INi 0:In1laCll, 8tttI if rll&1olllllcn II nOl campIfltIlcI as of Cbtlg. RIItoI8IIcn 00Il1 wit be ~ III ~ I
213 !he cost of f'lllllOI'aIicn 8l/IC8IIds ,.6" of Itw PulChalie ~ Buyer :hlllli/lJ'Ie( 18lc81he ProI:ler1y .. it, lOgGIher wtlh the 1.5" OII8CBMl a rWI..nd of ~
CU l~"""'" 0II)'l0l' ard &Iat fNlrft 011 uttv ~ undar lhb (}Qnl;aaj. SoIIDt'ollOlcJ ~I'.IlltlQn...... rQI)pOCt tt> """~. by caau.tly 01 "ow now.-
2'5 I'\lI 0Cl:l.Il.felQ ., be lh$ coet 01 pn.nng 01' AII'IIOVIt
21 B R CLOsING PROCImURE; nw dIIOCf .,... be lecotded LipClI'I dearan<:s oj ~n$. It ThO liIIe aoent i08UIee acIYw'ae l'I1Ilters pufsuanllo Seetio1l1l27. 764 , .
217 F.s.. 118 amended, the e90ltlW ~ CIOtIng J:lR:lCIlCILlI'IlWQLrir80 by Chis "AS IS" Stlllldald shIlIl be waMld. tJnliasWlllllIld as $llI tOrlllll\)ol/8 tile IoIowlng
~ ASl$-2x RalI. 2.()8 020C8 FbicIiJ 1wIacIil/bl of ~. alid The f1ot1(la 8It AI Rt1U A8saMId Page of of 5
9(;/91 39t'd
Wtlllt'WEl::wJH
0(;9E898616
1P:P1 600(;/(;0/90
216 "AS IS- STANDARDS FOR RIiAL ESTATE 'r'RANSACTlONS (CONTINUED)
21e cloalng pt'ClCN.II. al\aU Ilppty: m all c1oe.r.g Pro<:e8(/s 9IvllI bo llOfd In eiQ'OW by I/Ie Clr;l$lnO Agilnl. fOl a perIo(l or ngl MOtQ alan eo 08)"_1'" GIOGhg; (2)
220 I SaIet'is Iltle 18 ~ I,r\Jl'1$IIull8tllo. thlOUQh no IrIuII oIl!Iuver. Bwet dlaI. wlltJilthe .!i day j:lefkld. notify Seller ifI wrl1l~ of 1M dafect and Slll~ shat
221 havo 00 days fJQm dlIhl of rwaoipl 01 aucn notllicatb1lo an th8 del.-c:t: <:lIlt Soller'" 10 lIn1flly t1unt 1h1:: CleIect. 011 clepO$l$ and eIoelnSl fllO(!e ailed, upon
a~ ,...ILbs, ...,..'10 by &.tfoi Md within 5 ~ AlloIIt dQi>\DI.d. bO fOIUtnod 10 Bu)or r.nd. flir~ty wllh llUQI> rupill)'l......,.,t. Su).... s.~' ,.turn ~ PIlt1I<"l,\.t1
223 Ptop6It)4 vaer,le the R88I Property Ilt1d 1GCOII\I8Y the Proport)' to Seier bY l;peclel warrantv d98d a~ DIU ol9alll: Eltld (4llt Buyer miI:llo ~ tJnlO~ demand
224 for rel1n1 SLiitf II\aJllako IlIls 88 IA. weMtI9 all rJg/lte aQlLf1eI ~ U \0 any it\l8Mlfolog del9cl IU!C8pl as "lay be walBble III EllIYB' by Y~lue 0(_.
225 Il!II'Itkis contained h IN ~ or bAt of ee'" ,
228 Q. ESCAOW: IvrI Cl,osInQ Agent or 8!l;ICW EIQIlI'lI (oOI/$CCiWflI" J\gIltlf1 ~ ll.lrlCb QI' eqt~UI ill uutll\,ll~"'" .....,;1 "Y'*' by /llO(;llfl.Mo;;o Qllh<orn to dIlpOOl
227 IhIm ~ I10tJ same In ~ and. Sl.Jlj8ct 10 clesrance, dlsb\.n;B 1t18n, In 8COOId8nr;e wilh terms iIld coi'lQ\tlons of .. CllfltliWl. f'lll.lrG OllUnde 10
228 !;lieill' INinot 0llCl1Sa ~ perUlrnlllr'lOll.lIlnClOUbt. toAgBnl'a duIiDs orlitJbJUlIes UJ1det U'l$ ptQVI$b'l$ ollhis ConIl'llCl. AQef'Imay.lIt Aganl'scptlan. CQ)o
'>>A In '. III Iw)tlIhA 1Il~1ACI nllllUIlt ~ \he IICIOW uod tha 1*1_ hnlo eallB to its dIflbu'lIllfIIMt (X l.I'tII a )llCllJl1Ont of a oourt of aJI11'lIlenI pisclodoo Bhall
230 detemn. tI'le /i1I1$ ollila parllss, or I'QePl ll'lay dIposIt II8lll8 v.1Ih the deIk alllle CIiI'eUI COl.Il MIMo /UilIdklllon ot the (i1!lP1.l1e. An IIllomsy Who Iepte;tlrllG
23' a party II1d _ _ .. AoIMV ll1I.I)I ~ ad! p;Iriy In ~ IJQIIon. Upcln llOttrvrEl all J)Oft'I8$ C<l/'lOIlI'llld of ~ 8ClloI\ QI .eblllly on the port 01 Agent
232' ... lUI\IlIrmhlte. ext:epC 10 tile 8lClenl: OlllCCllLOIng lor at?( lflllla prlMau8ly deMrlld Oll Qlll8CIOW, " IlI1Cented I'OBIIllIlaIII broIwt. Agent wit tXlmpIy with
233 ~ 0{ Qq:llGl' "76. F.s., lIS B/l'lIlII"ded. AI.." SUIt betwMII BuyIt IInIJ SIIIlIr \QI11il1n ~lll:l OlD II ~ly ~flU/lO at I\c.tklg Q:l ~ honlu'1dor', Ot in
234 <<fI sUI WIllIn... IlllfllC)l-'s 1M ~ mallar of \t1e ~ Agenl8hal1 t4llOO\tllr r&II8Cl\ilb1& AlIOml:ly'l fM8 And alIIIs ~1'8d 1NI1I'IlhB98 amounts 10
215 blI p;dd from and Olll of !he BlICIOWItd b\da 0( eqJ.mIart llI1d chargs:ltlll'ld lIWIlICted as eowt costslrl fn\l'cr oI1hB ~ J;lWly. ThlI Agent shsII not be IabIu
235 ~ ~ pert)' 0< poroon lot ITIII9deMy to 1!Io.'l* Qt ~ I:lf a8l'l\$ IllAlitd 10 lha BlIalIi.v. LriBIlIl8lJCh mIIldlllllatv IB d.e to w~11A bIellctl ollhe DrOVI&lons of 1Iis
:aT Contr8cil or groas Mgigfll'lOll of AclenL
238 A. ATTOFItIE;Y'8 FEESa COSTS: In aNI ~ ~ bl1!lllttl. llItarcxmenl or ir1lorprelIdiol1. ari:ldng OJI 01 t/'lls ConIrtlc~ lho ~ "IV In SI.lCh &Ji.
2:le gallOR, WliCI\. fOr llI*'p0s&8 cJ lhlII "AS S' SI4lndard, cI\aIl/l(lIUdIl SaIlIr. Buyw and 8I1l' ~ ~ In (Igency or 1'IOOI!iJ1InCY RllSllcnut1Ipe ~ by
2<<1 a,uplr!r ./1:1, f.S..1II flI'1lerlllOd, lJ/lef I;JCI \lI'tJ1I8d l.o ~ front thIt 11DIt-...~~ fo'lIIty ,-....... 81.....II'..,'a,...., GOCIIo and~.
241 So f!AlWAE OF PEFlFOAMANCE: It ~ feIs.1O perlonn lhl8 ContracI \lAI1n I'oe lime ~1IeCI. itOdl'lQ peymIW'II cJ all ~. thll dapOaIt(&) paid by
2012 8UflII' end deposiqrj aelHd \0 b$ ~. "lIlY De I'l!ICOVllI'8Cl and IlIIaNd by Bnd lor' the lIQ;QlI1t (If Seler'lI& agreect l.f)Q"l q.Qted demagea. ~~ for
~43 Iha.aacutlon 01.. C0r08Cl Mr::t In !&AI ~ Dl ~ cllilrl\s: ~1. Buwr lI'ld SeW ahlII be tIlIIoied 01 ~ oblgaliar-8 Uldllr lHs Corllract: or Salles,
244 . SeIWII opIII:ln "-1)ICIC:M(t In equity to enlQII'gO SeIIer's rlgl1l, lA'IdtI' thI8 Coll(llol, If tot any I8A\lOIl olhur than fato Of Sellar to InBks SeB'a tille ~
2-45 Iulcebla elterclllblnl eIort. a_leis, nogIDclS (l{ relusa to llflIfofrn" COnII'aCl. 8U1f1l1' may _k :;clec:fjo ~or liklcl IQ rec.et..e lh& t8bm 01 Buyer"
248 dGpOGlI(~ ~ ~ WIIlIIIng lnJ actIcn tot diWnaQil$ "~In" frOm Sellrll btAaC:il
247 1: OONTMGT tlor AlkIOACAEILE; PERSONS DOUNOi NOTJOCl OOPlsa. N.ft/\ot !hit Oontrllcl not 0IYf naIioo of it oI1AJ bel l'f)OIIIIdad lrI Uf:I public l'8llorde.
248 l1'Is ConIIIC( shill bind and nJa ID IhI benola of lhl palIBs Ill'Id tlelr BUOOeliIora In InIlRSL WIvInover lie c:onli8l(l jlIftTlb. s!J1glW aIld hch.lde ~ and
:249 ans gender ~ I/'d.lde (II. Nolt:e and dtiMlry QMln by or 10 Itle 1II!arley or brt'lk8t ~t1ng Il't p.IIl1y IhIII be U 4lIfIctMlII if given by or 10 thaI PlU1y.
250 ~ r'*-11IUIl be In wrllt1g III1d tr*t III IIlIido by rl1M, patlOnll clellwry (.II ~ media.. A IegIbIs tIccImIl9 or 1I1Bct1'cl11b ~ "1ldI"l COAr of tNa.
251 Cor1IrIQ IIld Ill'1f ~ l'tel'llM .IIlIII1lI consIdenId for 11/I puptlIMlI .. MI 0I1ght
252 U. caMYAN~ StlIBr "' et1IMlf IIIIIlcSIibIB IIlIB 10 lt1e Real PIDlW\Y by ~ WMmty, I/\JSlIlIll, ~ raDM8OlaltYe~ 01' guertfJan'e dl!ll!ld, M
2Q3 ~ ~ lhe slalua CI SeIer. IltJtliect 01Ijf 1D mutlGnl coroleNd h ParagtaJll'l VII and lhose otIwwfu III:CepIed by \3t1illt'. Perea'IlII PqJer1y...... 1lI1he
~4 ~ 01 Bu)1ll; be I~ by an GbIoLokiI blU of :IIIllJ wIIt1 wamII\I)' 01 . oU;ojoQl only II> oucl'IlI'l..ll_ .. .....)1 ba ct"""" p~ lor ~
, 255 V. OTHIR AGREEMENTS: No PfiCt at pte8llI'( agreemarQ (X roposomtbls IlhaII be binding ~ Elttef at SN UI1eSll k1c:iJded ... this Cairaa. I'otI tnr:Id-
206 IIIcaIIon to or dBlge if! lt1Ia (lQnIt<<t IIIlII be vd1 or Ill~ upc:tlIPw pII/1lelI Ull_ i1 wttiiQ and ~ec1 bIJ 1rlIl parIIlS Ir1enaed to be b<lI.tnd by II.
25r w. ~ DISCLOSURE; {II TI'l8r9 are I'ID I8CIa knoWn to SoIdr lTIIIlllrilltt IIIfDch1g lhe YN.III 01 till ~ ViIl'Ild\..1I not I8lldIy ~ b\i IlU)W or
258 wnIc::h ha\lt not been c:Ilido3etf to BU)IIIlr: iS1J 8eIkJr &ttBIldlllllld InIfIIIdtr fIG mrnmy iItId mak.. M ~ (If $?y type. flllIIer IU'p.t8N or /1tlPIIetI,
2$ .. to filii phytI/t;lJJ COIIdUIon orlWtoty of. ~: ~J StIW ~ ttC4IWKI no WIl'rtltn at verlMJ nDt/cltI bum -nr ~nntflrthtJ OtltJty or IlglWJY u
2eO Ill. ~ /JtIDCIIWItJtII bulfdlns, ~ (II'~ OlId8l11oldorr; (4) s.Jt.rhaa 110 knowl<<1gtof 41I1Y'~ Q(/nlI:W~ trIIIrhllD the
281 ~ wfthpuf ~ wRh ~tIII ;.(1U/rIt1wt whIdI h_ tIOt b_ dt<<l~.d IllI &j.tEr.
~ X. PAOP!'MY ~NTENANCE: PROPERTY ACCESS: ASSIGNMENT OF CON'mACl's AND WAfIfWI1TIES: Seller sh8I mWtIaIn lhe Pn:Jper1ll. ~efLdlg.
263 btII not ImIlBd to 1swn.1ltuubIlery, lWld pod h h cordon 8llIIthg IS at 8feclft.v D" 0Idi1iry wear W 1_ 8fld ~ lD93 ~ Seller $hlt, IJJ)Otl
26t /'OfI$OI'IBbIe novel, pro>Me &11- RM<;e <lIld 8(;t;8U 10 lhIl ~ lOt 8ppnl1sa1 and Npeotions.lr1dJc:Int.I a 1Wk-~ prior Ib ~ 10 oonfrm Ih8f
2M III ~ ~ P8rlIonaI PI'c:lpMy 818 on 1he RGIII F'IcIperlyo and Ulllllhe f>top8rty haG I:IQQn rrantalned 8S I'8QI.lied by ltlflt "AS IS" S!wldaJd. SBIIIlI' dI ~ all
2eI5 SIlIlIlgnidlIll epaIr and It~ coo!ulcls and WImlntIes 10 f3uyw BI Clc;J1Ing.
267 Y. 10S1 EXCHANGE: /I eItIw SaIflr Qt &)'tt with to tntlll' JnlO alko-kiId ~s (ethlw ~ with Cloeir(J (ll daIerr" v.1th l'e:pecIlo the Ptq:lltty
2$ll 41"Idor ~ 1001 01 tl'IQ II\ultnal A__ Cade r EJawfl88"J, IIle 01'- j)QI1y .,... Ql:lDpVra!O ltl 011 l'OOSCIlOI)/O lQll~ 10 eMectUBta ft1e l""ChPnoe. ir1t;II rl-
209 -"lg Ite $llIKlUIIOn 01 dooumet1ll: proyIc.18d It) lblI COQpenIlhg part~ shill ir'l::r.i' fIO iDbIIly 0( 8lCpetl88 niIBIoc.1lo 1M ~ and (21 hi Clcrling IIt'wIlllCll be
2ro CClII1Jtlg< l.lQOI1. ncr ~ or de~ q" SUl:h !JIdJlI'lgIt,
271 Z. BUY&R WAMiR OF OUJMS: BU)'Br ~ *1Y cllJY1II aglllMit SillIer and. 10 IiIlt exlent permitted by _ ~Irrsl.,y rIJII/ IlJtato Ur;oMH Invoived
rtn In lite ~lIotl (It the Conlml:" lOr 0111)' rJoIl#IQ" or rxhw d~ II,., IIl<<1)1 -'" ftl 0/"""1(1 ofttw. G(l,lIlltot oIIInct 00 .ub~1Iy dIIIr;.ov~ by III_
2ro ~ (II' 41n,l'OdO t:htImIItg by. lhlTilCJgh. /.J(W;J(W Of' tIgIlJnst lhlt 8uyar.
FAAIBAA ABlS-2JC Rllrt. 2J08 0 :me FlaritliJ ~ of RE.c:t<Wl" ancs '!'ho Flotk2a 881 .... RlglU II\/I88PIIed F'. Ii of 5
'36/'31 39\;;1d
WdlII1WmWOH
1369E8~8616
1P:P1 613136/613/'313
THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIAT
"As Is"
"As Is" Contract For Sale And Purchase
, I . )
1* PARTIES: COLLIER COUNTY,.a Political Sul;>division of the State of Florida ("Seller"),
2* and Brenda M. Reyes & Wilson M. Reyes, a ma:ried couple ("Buyer"),
3 hereby agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal Property (collectively "Property")
4 pursuant to the terms and conditions of this Contract for Sale and Purchase and any riders and addenda ("Contract"):
5 I. DESCRIPTION:
6* (a) Legal description of the Real Property located in Collier County, Florida: Lot 14, Block 20,
7* Golden Gate, Unit 2, according to Plat Book 5, Pages 65-77, inclusive, Public Records of Collier County, FL
8* (b) Street address, city, zip, of the Property: 2040 46th Terrace SW, Naples, FL 34116
9 (c) Personal Property includes existing range(s), refrigerator(s), dishwasher(s), ceiling fan(s), light fixture(s), and window treatment(s) unless
10 specifically excluded below.
11* Other items included are: Refrigerator, Range, Dishwasher, Microwave, Washer, Dryer, A/C, Four (4) Ceilinq fans,
12* security Panels/Hurricane Shutters, Garage Door Opener
13* Items of Personal Property (and leased items, if any) excluded are: ._._.. Not Applicable
14*
0.00
15* II. PURCHASE PRICE (U.S. currency): . . . . . . . . . . . . . . . . . . . . . . , . . . . . , , . . , , , , , , , , . . , . . . , , . . , , , , , . , . . $ 99 , 200 . 00
16 PAYMENT:
17* (a) Deposit held in escrow by STEWART TI.T11;___._("Escrow Agent") in the amount of (checks subject to clearance) $ 1, 000 . 00
18' Escrow Agent's address: 3936Tamiami Trail North. Swls A, Naplas._l:!.ooda 34 tQ:!_ _ __ Phone: 239-262-2163
19* (b) Add~ional escrow deposit to be made to Escrow Agent Within 15 days after Effeotivepate In the~~nt of. , .' . . , , , .
20* (c) Financing in the amount of ("Loan Amount") see Paragraph IV below. , , , , ..... . ,...~ 1 ".t. ';'.1. ~*,o.o... '. , .
21* (d)Other~.":9E,E; ,~,I.l':l'J!:.$ .;L,1.~, Af!R<J.q~!'I. ,P:z......,......,.,.....,....,.............,..,...,.....".
22 (e) Balance to close by cash, wire transfer or LOCALLY DRAWN cashier's or official bank check(s), subject
23* to adjustments or prorations. , .. , , . , " . , " . .. .. . .. . .. .. . , , . .. , , , , .. , , .. .. . .. .. , , . , .. , . . . . . , . , . , . . . , . . , . , .. , . $
24 Ill. TIME FOR ACCEPTANCE OF OFFER AND COUNTEROFFERS; EFFECTIVE DATE:
25 (a) If this offer is not executed by and delivered to all parties OR FACT OF EXECUTION communicated in writing between the parties on or
26- before 15 Days . the deposit(s) will, at Buyer's option, be returned and this offer withdrawn. URleae eUI8F
a+ wise stateEl. ""e tl",e1sr aGGeptaRGe sf any eewRtsFe#eRl ef:lall ge 2 E1~'s We", the Elate tf:le sewRteF9ner is Elelivel'8E1.
28 (b) The date of Contract ("Effective Date") will be the date when the last one of the Buyer and Seller has signed or initialed this offer or the
29 final counteroffer, If such date is not otherwise set forth in this Contract. then the "Effective Date" shall be the date determined above for
30 acceptance of this offer or, if C113!Jliea13le, tRQ final GBwAtsFsffer.
31 IV. FINANCING:
32- Q (a) This is a cash transactioQ with no contingencies for financing;
33* ~ (b) This Contract is contingent on Buyer obtaining written loan commitment which confirms underwriting loan approval for a loan to purchase
34* the Property ('Loan Approval" within _ days (rf blank, then 30 days) after Effective Date ("Loan Approval Date") for (CHECK ONLY
35* ONE): ~ a 1ixed; 0 an adjustable; or Q a fixed or adjustable rate loan, in the Loan Amount (See Paragraph 1I.(e)) at an initial interest rate not to
36* exceed 6.00 %, and for a term of ~ years. Buyer will make application within _ days (if blank, then 5 days) after Effective Date.
37 BUYER: Buyer shall use reasonable diligence to: obtain Loan Approval: notify Seller in writing of receipt of Loan Approval by Loan Approval
38 Date; satisfy terms of the Loan Approval; and close the loan. Loan Approval which requires a condition related to the sale of other property shall
39 not be deemed Loan Approval for purposes of this subparagraph, Buyer shall pay all loan expenses. Buyer authorizes the mortgage broker(s) and
40 lender(s) to disclose information regarding the conditions, status, and progress of loan application and Loan Approval to SeDer, Sellers attorney,
41 real estate licer1see(s), and Oosing Agent.
42 SELLER: If Buyer does not deliver fo Seller written notice of Loan Approval by Loan Approval Date, Seller may thereafter cancel this Contract by
43 delivering written notice ("Seller's Cancellation Notice") to Buyer, but not later than seven (7) days prior to Closing, Sellers Cancellation Notice shall
44 notify Buyer that Buyer has three (3) days to deliver to Seller written notice waiving this Financing contingency, or the Contract shall be cancelled
45 DEPOSIT(S) (for purposes of this Financing Paragraph IV(b) only): If Buyer has used reasonable diligence but does not obtain Loan Approval
46 by Loan Approval Date, and thereafter e~her party elects to cancel this Contract, the deposlt(s) shall be returned to Buyer. If Buyer obtains Loan
47 Approval or waives this Financing contingency, and thereafter the Contract does not close, then the deposit(s) shall be paid to Seller; provided how-
48 ever, if the faiiure to close is due to: (i) Seller's failure or refusal to close or Seller otherwise fails to meet the terms of the Contract, or (il) Buyer's lender
49 falls to receive and approve an appraisal of the Property in an amount sufficient to meet the terms of the Loan Approval, then the deposit(s) shall be
50 returned to Buyer,
51- 0 (c) Assumption of existing mortgage (see rider for terms); or
52* Q (d) Purchase money note and mortgage to Seller (see "As Is' Standards Band K and riders; addenda; or speCial clauses for terms),
53* V. TITLE EVIDENCE: At least ~ days (If blank, then 5 days) before Closing a title insurance comm~ment with legible copies of instruments listed as
54 exceptions attached thereto f'Title Commitment") and. after Closing, an owner's policy of title Insurance (see Standard A for terms) shall be obtained by:
55* (CHECK ONLY ONE): Cl (1) Seller, at Seller's expense and delivered to Buyer or Buyer's attorney; or
56* III (2) Buyer at Buyer's expense,
57* (CHiCK HEREj: I;;} If aA a13straElt af title is te ee ~rAisl:leel iAateaEi af titls iASIJraAee, BAa attaeA Fieer fer tSFA'lS.
58* VI. CLOSING DATE; This transaction shall be dosed and the closing documents delivered on ** S EE LINE 119 ("Qosing"), unless
59 modified by other provisions of this Contract. In the event of extreme weather or other conditions or events constituting "force majeure", Closing will be
60 extended a reasonable time until: (i) restoration of utilities and other services essential to Closing, and ~i) availabifity of Hazard, Wind, Rood, or Homeowners'
61* insurance, If such conditions continue more than _ days (if blank, then 14 days) beyond Closing Date, 'then either party may cancel this Contract.
FAR/BAR ASIS-2 Rev. 9/07 C 2007 Florida Association of RI::ALTORS" and The Florida Bar AI Rights Reserved Page 1 gf 5
$
$ 79,30;9.99
$ 19,840.00
1,976.00
62 VII. RESTRICTIONS; EASEMENTS; LIMITATIONS: Seller shall convey marketable title subject to: comprehensive land use plans, zoning,
63 restrictions, prohibitions and other requirements imposed by governmental authority; restrictions and matters appearing on the piat or otherwise
64 common to the subdivision; outstanding oil. gas and mineral rights of record without right of entry; unplatted public utility easements of record
65 (located contiguous to real property lines and not more than 10 feet in width as to the rear or front lines and 7 1/2 feet in width as to the side
66 lines); taxes for year of Closing and subsequent years; and assumed mortgages and purchase money mortgages. if any ~f additional items, see
67* addendum); provided, that there exists at Closing no violation of the foregoing and none prevent use of the Property for res idential
68. purpose(s),
69 VIII. OCCUPANCY: Seller shall deliver occupancy of Property to Buyer at time of Closing unless otherwise stated herein. If Prel3eFty ie iRtOFlElel3
fB te Be I'8fltea er eeel:l!3leel seyeAS Clesil1€l. tRe faGt aRG teff'f\S tReFBef aRe! tRe teRaRt(el er eesl::IfilaAts SRaIl Be e!iseleGe9 Fl~r6blant tG "N!. 19" gtaflElare
+'l F. If oeeupoAey is te be elelFl6l'8el befeFB CI9GiA~, Buyer OOSl:lffiElG all Asl{s af le86 te PFepeFt'1 fFem date sf Oe01:JI3aR~, sRall Be re&peFlsiBle aRelllaele
:t:2 fer ffiaiAteAElRee ft:ern tRat elate, aAeI shall se Eleeffieel to Rave ooElel3t~eI PFel3eFty in Its elQetin~ seAe!itien at: af timG sf takil'18 sss\,Jl3aF1B'!.
73 IX. TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions, riders and addenda shall control all printed pro-
74 visions of this Contract in conlllct with them,
75* X. ASSIGNABIUTY: (CHECK ONLY ONE): Buyer Q may assign and thereby be released from any further liability under this Contract; Cl may
76* assign but not be released from liability under this Contract; or !lI may not assign this Contract.
77 Xi. DISCLOSURES:
78 (a) The Property may be subject to unpaid special assessment lien(s) imposed by a publiC body ("public body" does not include a
79 Condominium or Homeowners' Association). Such Iien(s), if any, whether certified. confirmed and ratified, pending. or payable in installments,
80* as of Closing, shall be paid as follows: Cl by Seller at closing lllI by Buyer (If left blank, then Seller at Closing). tf the amount of any
81 assessment to be paid by Seller has not been finally determined as of Closing, Seller shall be charged at Closing an amount equal to the
82 last estimate or assessment for the improvement by the public body.
83 (b) Radon is a naturally occurring radioactive gas that when accumulated in a building in sufficient quantities may present health risks to per-
84 sons who are exposed to it over time. Levels of radon that exceed federal and state guidelines have been found in buildings in Florida.
85 Additional information regarding radon or radon testing may be obtained from your County Public Health unit.
86 (c) Mold is naturally occurring and may cause health risks or damage to property. If Buyer Is concerned or desires additional information
87 regarding mold, Buyer should contact an appropriate professional,
88 (d) Buyer acknowledges receipt of the Aorida Energy-Efficiency Rating Information Brochure required by Section 553,996, F.S,
89 (e) If the Real Property includes pre-1978 residential housing, then a lead-based paint rider is mandatory.
00 (t) If Seller is a ''foreign person" as defined by the Foreign Investment in Real Property Tax Act. the parties shall comply with that Act.
91 (g) BUYER SHOULD NOT EXECUTE THIS CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS' ASSOCIA.
92 TIONlCOMMUNITY DISCLOSURE.
93 (h) PROPERlYTAX DISCLOSURE SUMf'v1ARY: BUYER SHOULD NOT RRY ON THE SELLER'S CURRENT PROPERlY TAXES AS THE AMOUNT
94 OF PROPERlY TAXES THAT THE BUYER MAY BE OBliGATED TO PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF O'M\lER-
95 SHIP OR PROPERTY IMPROVEMENTS TRIGGERS REASSESSM{:NTS OF THE PROPERTY THAT COULD RESULT IN HIGHER PROPERlY TAXES.
96 IF YOU HAVE fW'( QUESTIONS CONCERNING VALUATION, CONTACT THE COUNTY PROPERTY APPRAISER'S OFFICE FOR INFORMATION,
97 XII. MAXIMUM REPAIR COSTS: DELETED
98* XIII. HOME WARRANTY: Cl Seller Q Buyer ~ N/A will pay for a home warranty plan issued by
99* at a cost not to exceed $ .
100* XlV. INSPECTION PERIOD AND RIGHT TO CANCEL: (a) Buyer shall have 2- days from E"ective Date (Ulnspection Period") within
101 which to have such inspections of the Property performed as Buyer shall desire and utilities service shalf be made available by the
102 Seller during the fnspection Period; (b) Buyer shall be responsible for prompt payment for such inspeetlons and repeir of damage
103 to and restoration of the Property resufting from such inspections and this provision (b) shall survive termination of thIs Contract;
104 and (c) if Buyer determines, in Buyer's sole discretion, that the Property is not acceptable to Buyer, Buyer may cancel this Contract
105 by delivering facslmife or written notice of such efection to Seller prior to the expiration of the Inspection Period. If Buyer timely
106 cancels this Contract. the deposit(s) paid shall be immediately returned to Buyer; thereupon, Buyer and Seller shalf be released of
107 all further obl/gatlons under this Contract, except as provided in this Paragraph XIV. Unfess Buyer exercises the right to cancel
108 granted herein. Buyer accepts the Property in its present physical condition, subject to any viofation of governmental, building,
109 environmental, and safety codes, restrictions or requirements and shall be responSible for any and alf repairs and improvements
110 required by Buyer's lender.
111 >W. RIDERS; ADDENDA; SPECIAL CLAUSES: CHECK those riders which are applicable AND are attached to and made part of this Contrect:
112* Cl CONDOMINIUM Cl VA/FHA Q HOMEOWNERS' ASSN. Q LEAD-BASED PAINT Q COASTAL CONSTRUCTION CONTROL LINE
113* 0 INSULATION 0 EVIDENCE OF TITLE (SOUTH FLORIDA CONTRACTS) Q Other Comprehensive Rider Provisions Cl Addenda
114* Special Clause(s):
115* '*BUYER WILL RECEIVE $29,760 F~O~~ THE COLLIER COUNTY NEIGHBORHOOD STABILIZATION PROGRAM. BUYER WILL USE
116* $19,840 (20% OF THE PURCHASE PRICE) FOR PRINCIPAL REDUCTION AND THE REMAINING BALANCE OF$9,920WILL BE USED
117* FOR CLOSING COSTS, PREPAID ITEMS AND ANY DISCOUNT POINTS ASSOCIATED WITH THE FIRST MORTGAGE TRANSACTION.
118*
119' **THE TRANSACTION SHALL BE CLOSED ON OR BEFORE 90 DAYS FROM EFFECTIVE DATE.
120"
121*
122.
123"
124*
125*
126 XVI. uAS IS" STANDARDS FOR REAL ESTATE TRANSACTIONS ("AS IS" Standards): Buyer and Seller acknowledge receipt of a copy
127 of "AS IS" Standards A through Z on the reverse side or attached, which are incorporated as part of this Contract.
FARIBAR ASIS-2 Rev, 9/07 @ 2007 Florida Association of REALTORs" and The Florida Bar All Rights Reserved Page 2 of 5
128
129
THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD,
SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING.
130
131
132
133
134
Ceel'el'8tiAg Brekel'8, if SAY
CONVEYANCE APPROVED BY BCC:
DECEMBER 1, 2009 - ITEM 17B
DATED:
tj/;}O/;;;%
SELLER:
BOARD OF
COLLIER
BY:
FRED
(DATE)
UetiAg Breker
PROPERTY ADDRESS: 2040 46th Terrace SW, Naples, FL 34116
FARI8AR ASIS-2 Rev. 9/07 @ 2007 Florida Association ot REALTORS" and The Florida Bar All Rights Reserved page 3 of 5
r~
Approved as to form
and le~~~i~
Jennifer B. White,
Assistant County Attorney
146 "AS IS" STANDARDS FOR REAL ESTATE TRANSACTIONS
147 A. TITLE INSURANCE: The Title Comm~ment shall be issued by a Rorida licensed title insurer agreeing to issue Buyer, upon recording of the deed to Buyer,
148 an owner's poicy of mle insurance in the amount of the purchase price, insuring Buyer's marketable title to the Real Property, subject only to matters contained
149 in Paragraph VII and those to be discharged by Seller at or before Closing. Marketable title shall be determined according to applicable Title Standards adopt-
150 ed by authority of The ROOda Bar and in accordance w~h law, Buyer shall have 5 days from date of receiving the Trtle Commitment to examine ~, and if t~le is
151 found defective, notify Seller in writing specifying defect(s) which render title unmarketable. Seller shall have 30 days from receipt of notice to remove the
152 defects, failing which Buyer shall, within 5 days after expiretion of the 30 day period, deliver written notice to Seller e~her: (1) extending the time for a reason-
153 able period not to exceed t 20 days within which Seller shall use diligent effort to remove the defects; or (2) requesting a refund of deposit(s) paid which shali
154 be retumed to Buyer. If Buyer fails to so notify Seller, Buyer shall be deemed to have accepted the title as it then Is. Seller shall, if title is found unmarketable,
155 use diligent effort to correct defect(s) within the time provided. If. after diligent effort, Seller is unable to tlmely correct the defects, Buyer shall either waive the
156 defects, or receive a refund of deposit(s), thereby releasing Buyer and Seller from all further obligations under this Contract, If Seller Is to provide the Tnle
157 Commitment and ~ is delivered to Buyer less than 5 days prior to Closing, Buyer may extend Closing so that Buyer shall have up to 5 days from date of receipt
158 to examine sarne in accordance with this "/iSIS' Standard,
159 B. PURCHASE MONEY MORTGAGE; SECURITY AGREEMENT TO SELLER: A purchase money mortgage and mortgage note to Seller shall provide for a
160 30 day grace period in the event of default if a first mortgage and a 15 day grace period if a second or lesser mortgage; shall provide for right of prepayment
161 in whole or in part without penalty; shall permit acoeleration in event of transfer of the Real Property; shall require all prior liens and encumbrances to be kept
162 in good standing; shall forbid modifications of, or Mure advances under, prior mortgage(s); shall require Buyer to maintain policies of Insurance containing a
163 standard mortgagee clause covering aR Improvements located on the Real Property against fire and all perils included Within the term "extended coverage
164 endorsements" and such other risks and perils as Seller may reasonably require, in an amount equal to their highest insurable value; and the mortgage, note
165 and security agreement shall be otherwise In form and content required by Seller, but Seller may only require clauses and coverage customarily found In mort-
166 gages, mortgage notes and security agreements generally utilized by savings and loan institutions or state or national banks located in the county wherein the
167 Real Property is located. All Personal Property aRS le8ses BeiR!! 6ElRve'j'sEf er sssi!!RElS Will, at Seller's option, be subject to the lien of a security agreennenl evi-
168 denced by recorded or filed financing statements or certificates of title. If a Ballaen FfISR!!aij9, tAe ~RaI ~aymSRt I'AII ElxGees the Jilerieelie JilayFReRts thSFeSR.
169 C. SURVEY: Buyer, at Buyer's expense, w~hin time allowed to del~er evidence of title and to examine same, may have the Real Property surveyed and certi-
170 lied by a registered Florida surveyor. If the survey discloses encroachments on the Reel Property or that improvements located thereon encroach on setback
171 lines, easements, lands of others or violate any restrictions, Contract covenants or applicable Qovernmental regulations, the same shall const~ute a title defect.
172 D. WOOD DESTROYING ORGANISMS: DELETED
173 E, INGRESS AND EGRESS: Seller warrants and represents that there Is Ingress and egress to the Real Property sufficient for its intended use as described
174 in Paragraph VII hereof and title to the Real Property is insurable in accordance with "N3IS" Standard A without exception for lack of legal right of access.
+7e F: lU.SES. E>llller shall at leeet 1 Q says laefB~ C1eeiR!!, furRieR te Bbli'er eeJilillS ef all ...:ri~eR le8888 aRel eateJilJilellEltteFll OOR'1 eooR tllRaAt s~eelf>fiR!! the Ral\,jre
m 8f1a eII:lratleR Elf tt-la teR6Rt'e eSElblJ3!lFlay, FaAtal ratllG, aEt'JllAeeel feAt aRa Eles\,IRt>j ele~esits Jilalel By 1SRaRt. If Seller Ie \,IRalale te elatalR e\,Jei:1leltlll' ffem eaei:1 tilR
m eAt, tAB eWfle IFlfeFA'latieA 8Ralllae fl;FAlsReEf lay E:eller te Qwer 'lIitAiA tAat time l'leFieellA tl'!e feffl'l Elf a aelier's alfiels' <it. and 1iiW)'llr ma',' tRe~er QeRt~ tllR
~ eAt t8 eeAfiffR ableI'! iF1feFMatieA. It tAe teFA'ls Elf tAll leases eliffer FAatarielrj trem Seller's FEl~~eeAteti9Rs, Iii\,l)'er may tElrmiRate tAis C9Rtrast ey aelr'9riR€l '"1=iiteR
~ Aetiea t9 Seller at least Ii ela:;a JilAer te CleslR8, aeller sRall, at CleeIR!!, elElllver ana 9.SSlQR aU eriiJlflalleasEls Ie Iiill.l)'Qr
180 G. UENS: Seller shall fumish to Buyer at time of Closing an affida~ attesting to the absence, unless otherwise provided for herein, of any financing statement,
181 claims of lien or potentlallienors known to Seller and further attesting that there have been no improvements or repairs to the Real Property for 90 days Imme-
182 diately preceding date of Closing. If the Real Property has bean improved or repaired within that time, Seller shall deliver releases or waivers of construction
183 fiens executed by all general contractors, subcontractors, suppliers and materialmen In addition to Seller's lien affidavit setting forth the names of all such gen-
184 eral contractors, subcontractors, suppliers and materialmen, further affirming that all charges for improvements or repairs which could serve as a basis for a
185 construction lien or a claim for damages have been paid or will be paid at the Closing of this Contract.
186 H. PLACE OF CLOSING: Closing shall be held in the oounty wherein the Real Property is located at the office of the attorney or other closing agent ("Closing
187 Agent") designated by the party paying for title insurance, or, If no title insurance, designated by Seller. .
188 I. TIME: Calendar days shall be used in computing time periods except periods of less than six (6) days, in which event Saturdays, Sundays and state or nation-
189 allegal holidays shall be excluded. Any time periods provided for herein which shall end on a Saturday, Sunday, or a legal holiday shall extend to 5:00 p.m, of the
190 next business day. Time Is of the 8lI881'1ce in this Contract. * Statutory deed. bill of sale.
191 J. CLOSING DOCUMENTS: Seller shall furnish the eeee, eill Elf 88le, 88Ftifieate ef title, construction lien affidavit, owner's possession affidavit, 88si!!RmeAt& ef leas
192 ee, taA8flt ans meFt8El@ee eatel3l3sllatlere end corrective instruments. Buyer shall furnish mortgage, mortgage note, security agreement and financing statements.
193 K. EXPENSES: Documentary stamps on the deed and recording of corrective instruments shall be paid by ~ All costs of Buyer's loan (whether obtained*Buve<
194 from Seller or third party), including, but not limited to, documentary stamps and intangible tax on the purchase money mortgage and any mortgage assumed,
195 mortgagee title insurance commitment with related fees, and recording of purchase money mortgage, deed and financing statements shall be paid by Buyer.
196 Unless otherwise provided by law er Fieer t8 tRiG CentRilGt, charges for related closing services, title search, and closing fees (including preparation of closing
197 statement), shall be paid by the party responSible for fumlshlng the title evidence in accordance with Paragraph V.
198 L. PRORATIONS: CREDITS: Taxes, assessments, rent, interest, insurance and other expenses of the Property shall be prorated through the day before Closing,
199 Buyer shall have the option of taking over existing policies of insurance, if assumable, in which event premiums shall be prorated. Cash at Closing shall be
200 increased or decreased as may be required by prorations to be made through day prior to Closing, or occupancy, if occupancy occurs before Closing. Advance
201 rent and security deposits will be credited to Buyer. Escrow depos~s held by mortgagee will be credited to Seller. Taxes shall be prorated based on the current
202 year's tax with due allowance made for maximum allowable discount, homestead and other exemptions, If Closing occurs at a date when the current year's mill-
203 age Is not fixed and current year's assessment is available, taxes will be prorated based upon such assessment and prior year's millage. if current years assess-
204 ment is not available, then taxes will be prorated on prior year's tax, If there ara completed improvements on the Real Property by January 1 st of year of Closing,
205 which improvements were not in existence on January 1 st of prior year, then taxes shali be prorated based upon prior year's miRage and at an equitable assess-
206 ment to be agreed upon between the parties; falling which, request shall be made to the County Property Appraiser for an informal assessment taking into
207 account available exemptions. A tax proratlon based on an estimate shall, at request of either party, be readjusted upon receipt of current year's tax bill.
208 M. (RESERVED. purposely left blank)
209 N. INSPECTION AND REPAIR: DELETED
210 O. RISK OF LOSS: If, after the Effective Date, the Property is damaged by fire or other casualty ("Casualty Loss") befora Closing and cost of restoration (which
211 shall include the cost of pruning or removing damaged trees) does not exceed 1.5% of the Purchase Price, cost of restoration shall be an obligation of Seller and
212 Closing shall proceed pursuant to the terms of this Contract, and if restoration is not completed as of Closing, restoration costs Will be escrowed at Closing. If
213 the cost of restoration exceeds 1,5% of the Purchase Price, Buyer shall either take the Property as is, together with the 1.5% or receive a refund of deposlt(s)
214 thereby releasing Buyer and Seller from all further obligations under this Contract. Seller's sole obligation with respect to tree damage by casualty or other natu-
215 ral occurrence shall be the cost of pruning or removal.
216 P. CLOSING PROCEDURE: The deed shall be recorded upon clearance of funds. If the title agent insures adverse matters pursuant to Section 627.7841,
217 F.S.. as amended, the escrow and closing procedure required by this "AS IS" Standard shall be waived. Unless waived as set forth above the following
FAR/BAR ASIS-2 Rev, 9/07 @ 2007 Florida Association of REALTOOS- and The Florida Bar All Rights Reserved Page 4 of 5
218 "AS IS" STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED)
219 closing procedures shall apply: (1) all Closing proceeds shall be held in escrow by the Closing Agent for a period of not more than 5 days after Closing; (2)
220 if Seller's title Is rendered unmarketable, through no fault of Buyer, Buyer shall, within the 5 day period, notify Seller in writing of the defect and Seller shall
221 have 30 days from date of receipt of such notification to cure the defect; (3) if Seller fails to timely cure the defect, all deposits and closing funds shall, upon
222 written demand by Buyer and w~hin 5 days after demand, be returned to Buyer and, simUltaneously with such repayment, Buyer shall return the Personal
223 Property, vacate the Real Property and reconvey the Property to Seller by special warranty deed and bill of sale; and (4) If Buyer fails to make timely demand
224 for refund, Buyer shall take title as is, waiving all rights against Seller as to any intervening defect except as may be available to Buyer by virtue of war-
225 ranties contained in the deed or bill of sale.
226 Q. ESCROW: Any Closing Agent or escrow agent (COllectively "Agent") receiving funds or equiValent Is authorized and agrees by acceptance of them to deposit
227 them promptly, hold same in escrow and, subject to clearance, disburse them In accordance with terms and conditions of this Contract, Failure of funds to
228 clear shall not excuse Buyer's performance. If In doubt as to Agent's duties or liabilities under the provisions of this Contract, Agent may, at Agent's option, con-
229 tinue to hold the subject matter of the escrow until the parties hereto agree to its disbursement or until a Judgment of a court of competent Jurlsdlction shali
230 determine the rights of the parties, or Agent may dep~ same with the clerk of the circuit court having jurisdlcfion of the dispute, An attorney who represents
231 a party and also acts as Agent may represent such party in such action. Upon notifying all parties concerned of such action, all liabil~ on the part of Agent
232 shall fuRy terminate, except to the extent of accounting for any items previously delivered out of escrow, If a licensed real estate broker. Agent Will comply with
233 provisions of Chapter 475, F,S., as amended, Any suit between Buyer and Seller wherein Agent is made a party because of acting as Agent hereunder, or in
234 any suit wherein Agent interpleads the SUbject matter of the escrow, Agent shall recover reasonable attorney's fees and costs incurred With these amounts to
235 be paid from and out of the escrowed funds or equivalent and charged and awarded as court costs In favor of the prevailing party. The Agent shali not be liable
236 to any party or person for misdelivery to Buyer or Seller of items subject to the escrow, unless such misdelivery is due to willful breach of the provisions of this
237 Contract or gross negligence of Agent.
238 R. ATTORNEY'S FEES; COSTS: In any litigation, including breach, enforcement or Interpretation, arising out of this Contract, the prevailing party in such liti-
239 gation, which, for purposes of this "N3 IS" Standard, shall include Seller, Buyer and any brokers acting In agency or non agency relationships authorized by
240 Chapter 475, F,S" as amended, shall be entitled to recover from the non-prevailing party reasonable attorney's fees, costs and expenses.
241 S. FAILURE OF PERFORMANCE: If Buyer fails to pertonm this Contract within the time speCified, Including payment of all deposits, the deposit(s) paid by
242 Buyer and deposit(s) agreed to be paid, mey be recovered and retained by and for the account of Seller as agreed upon liquidated damages, consideration for
243 the execution of this Contract and in full settlement of any claims; whereupon, Buyer and Seller shall be relieved of all obligations under this Contract; or Seller,
244 at Selier's option, may proceed in equity to enforce Seller's rights under this Contract. If for any reason other than failure of Seller to make Seller's title mar-
245 ketable after diligent effort, Seller fails, neglects or refuses to perform this Contract, Buyer may seek specifiC performance or elect to receive the retum of Buyer's
246 deposit(s) Without thereby waiving any action for damages resulting from Seller's breach.
247 T. CONTRACT NOT RECORDABLE; PERSONS BOUND; NOTICE; COPIES: Neither this Contract nor any notice of it shall be recorded in any public records.
248 This Contract shall bind and inure to the benefit of the parties and their successors in interest, Whenever the context permits. singular shall include plural and
249 one gender shall include all. Notice and delivery given by or to the attomey or broker representing any party shall be as effective as ~ given by or to that party.
250 All notices must be In writing and may be made by mail, personal delivery or electronic media. A legible facsimile or electronic Oncludlng "pdf') copy of this
251 Contract and any signatures hereon shall be considered for all purposes as an original.
252 U. CONVEYANCE: Seller shall convey marketable t~le to the Real Property by statutory wanaAty, IF\letee's, I'lSr-eeAaI FeI'lI'eSeRtatlve'e, er €I1-Jsr-elaA'S deed, as
253 appropriate to the status of Selier. subject only to matters contained in Paragraph Vii and those otherWise accepted by Buyer. Personal Property shall, at the
254 request of Buyer, be transferred by an absolute bill of sale with warranty of title, subject only to such matters as may be otherwise provided for herein.
265 V. OTHER AGREEMENTS: No prior or present agreements or representations shall be binding upon Buyer or Seller unless Included in this Contract. No mod-
256 iflcation to or change in this COntract shall be valid or binding upon the parties unless in writing and executed by the parties Intended to be bound by It.
267 W. SELLER DISCLOSURE: (1) There are no facts known to Seller materially affecting the value of the Property which are not readily observable by Buyer or
258 which have not been disclosed to Buyer; (2) Seller extends and Intends no warranty and makes no representation of any type, either expresa or Implied,
269 as to the physical condition or history of the Property; (3) Seller has received no written or verbal notice from any governmental entitY or agency as
260 to a currently uncorrected building, environmental or safety code violfl.tlon; (4) Seller has no knowledge of any repairs or Improvements made to the
261 Property without compliance with governmental regulation which have not been disclosed to Buyer.
262 X. PROPERTY MAINTENANCE; PROPERTY ACCESS; ASSIGNMENT OF CONTRACTS AND WARRANTIES: Seller shall maintain the Property, including,
263 but not limited to lawn, shrubbery, and pool In the condition existing as of Effective Date. ordinary wear and tear and Casually Loss excepted. Seller shall, upon
264 reasonable notice, provide utilities service and access to the Property for appraisal and inspections, including a walk-through prior to Closing, to confirm that
265 all items of Personal Property are on the Real Property and that the Property has been maintained as required by this" AS IS" Standard. Seller will assign all
266 assignable repair and treatment contracts and warranties to Buyer at Closing.
~ Yo 1 ga1 iXC",^-'1Qil If eitJ:ler lOeller Elr el.lyar 'Nisll tEl eAter iRIs Q !illS l-JREI SI(BABRiile (eKAer BiFl'l~ltaReel:l6 wll!:1 ClseiAiiI er ElefeFf6E1) "MIl fe6filBet Ie tAB PFeI'l6fl>1
~ "RlIar SeetleFl 19:i1 sf tAe IF!tElfflal p<aV8R..e Caae ('1!x6AaRiila"), tAe etAer 1'laR) sllall eeel'larate iF! all reaeeRaele reef'leets te effeetl:Jate tlla U(aAaRga, iFlell:la
~ iR~ IAa 8IIeGI.ltieR ef elee..FFleRt6; J;lFa\'IElBEI (1) tM eeBfileratiR!jl'la~'i sAalllRel:lr Fie Iiaellity er Blfj3ElASe Felateel te tl:18 !;;llahaRile aReI (2) tile Cle6lRil SAa!1 Rat Be
:!+9 seRliR!jaRl l-JJ;leFl, Rer alllaFleeEl er ealB'/ea 13y, slleA lOliSAElAile.
271 Z. BUYER WAIVER OF CLAIMS: Buyer waives any claims against Seller and, to the extent permitted by law, lilfJal1f8t 8n) real estate liB8I18e8 11I~BI\ eEl
272 in the negotiation of the Contract, for any defects or other damage that may exist at Closing of the Contract and be subsequently discovered by the
273 Buyer or anyone claiming by. through, under or against the Buyer.
FARlBAR ASIS-2 Rev, 9/07 C> 2007 Florida Association of REALTORS" and The Florida Bar All Rights Reserved Page 5 of 5
MEMO
TO: MR. FRED W. COYLE, CHAIRMAN, COLLIER COUNTY BOARD OF COUNTY COMMISSIONERS
FROM: GARY BIGElOW, REAL PROPERTY MANAGEMENT
Re: NSP SALE OF HOMES
Dear Mr. Chairman:
Attached are three (3) contracts previous submitted and executed. We were asked by the Lender to
modify the First Mortgage amounts on the contracts. We have had the Buyers initial for legal
sufficiency, and ask that you initial each contract accordingly. Thank you very much for your valuable
time and kind assistance.
Respectfully,
~.~~'~
~IOW' /NAC
Real Property anagement
Collier County Government
MEMORANDUM
Date:
April 23, 2009
To:
Gary Bigelow
Property Acquisition Specialist
From:
Ann Jennejohn, Deputy Clerk
Minutes & Records Department
Re:
Sale & Purchase Contract Agreement with
D.S Bank National Association as part of the
Neighborhood Stabilization Program
Property Address: 2040 46th Terrace SW
Enclosed is the original sales contract referenced above (Agenda Item #1 OF)
approved by the Board of County Commissioners on Tuesday, March 24, 2009.
After processing please forward the fully executed original to the Minutes & Records Office
for the Board's Official Record.
If you should have any questions, please contact me at 252-8406.
Thank you.
Enclosure