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Addendum ~8v188d 08/16/0~ ADDENDUM #1 SPECIAL PROVISION ADDENDUM TO THE CONTRACT BETWEEN THE UNDERSIGNED PARTIES CONCERNING THE PROPERTY AT: pL ~"?f'1 II lJ PROPERTY~Dt:.RESS: ,9040 Ylt' r<.v (~..)., f0~~~ DATE: l./ , ';fl ASSET NO,: ~"'\'dSc'~(o:..), <-7 (0 This Addendum Is attached and thereby becomes a part of the purchase and sales contract. In the event there Is a conflict belween the purchase and sales contract and thIs Addendum, the Addendum Is the controlling instrument In the transaction. 1. Seller shall furnish to Buyer(s) at closing a Special warranty Deed, or comparable Instrument as allowed where the subject property Is located, It Is the Intern 01 the Seller to deliver Insurable title to the subject property through the conveyance of Ihe Special Warranty Deed or comparable Instrument. The comparable Instrument, at a minimum, must contain the following language: 'Grantor covenants that It Is seized and possessed 01 the said land and has a rlghtto convey II, and warrants Ihe !ille agalnsl the lawful claims 01 all persons Claiming by, Ihrough and under It, but not lurther otherwise". 2. Notwithstanding anything In the attached contract (hereinafter, the 'Contract") 10 the contrary, the Special Warranty Deed to be delivered by the Seller at closing shall Include the lollowlng "subject to' provisions: The following reservations from and exceptions to Ihls conveyance and the warranty of IIl1e made herein shall apply. (1) (2) All easements, r1ghls-of-way and prescripllve rights whether of record or not. pertaining to any portlon(s) of the herein described property (herelnefter, the "Property"); All valid olt, gas and minerai rights. Interests or leases, royalty reservations, mlneralloterest and transfers of Interest of any character, In the 011, gas or minerals of record In any county In which any portion of the Property Is located; All restrlcllve covenants, terms, condlllons, contracts, provisions, zoning ordinances and other Items of record In any county In which any portion of Ihe Property Is located, pertaining to any portlon(s) 01 the Property, but only to the extent that same are stili In effect; All presently recorded Instruments (other than liens and conveyances by, through or under the Grantor) that affect the Property and any portion(s) thereof; Ad valorem taxes, fees and assessments, If any, for the current year and all prior and subsequent years, the payment of which Grantee assumes (at the lime of trensfer 01 title), and all subsequent assessments for this and all prior years due to change(s) In land usage (Including, but nollimlted to, the presence or absence of Improvements, If any, on tha Property), ownership, or both, the payment 01 which Grantee assumes; and Any conditions that would be revealad by a physical inspection and survey of the Property. (3) (4) (5) (6) 3. Tltle/Closlna Aaent. Seller shall select the 1I11e and closing agent. The Seller shall pay the lIt1e examlnallon fee and the premium for the owner's 1iI1e Insurance policy. Buyer shall pay their customary closing fee to the closing/title agent. If Buyer obtains a mortgage loan In connecllon with this purchase, the Buyer will pay any premium or a mortgagee title policy. The Buyer Is entitled to legal representallon at the closing and may elect to have such representation at the Buyer's expense. All closing transactions will be held at the Tille/Closing Agent selected by the Seller. It Is Sellars Intent to deliver owner's tltla Insurance policy in lieu of an abstract In the customary abstract states. The Buyer hereby accepts title Insurance in lieu of an abstract if applicable. In the event there Is a requirement for the abstract to be updated, the associated expense wIll be a Buyer expense on the HUD 1 Sellfement Statement. 4. The undersigned Buyer and Seller hereby: (i) authorize and direct any tiUe company or closing agent providing services In connection wilh this transaction (the "Closing Agant") to furnish a copy of any HUD-1 Settlement Statement generated In connecllon with the closing of this transaction, whether unsigned or slgned by the parties, showing both the Buyer's and Seller's sides 01 the transaction to the Closing Outsource Provider of the Seller; (II) agree that the Closing Agent shall have no liability under the Gramm-Leach-Bllley Acl, any other statule or regulation relallng to privacy or Information disclosure or otherwise as a result 01 Its compliance with the direction to release aforementioned HUD-1 Settlement Statements to the Closing Oulsourcer; and (III) agree that the Closing Outsourcer may furnish such HUD-1 SeUlement Statements to any authorized agent of the Seller, 5. Purchaser(s) acknowledge that (a) Seller may have received other offers to purchase the Property prior to Seller's receipt of this offer, and (b) Seiter may receive other offers to purchase the Property after Seller's receipt of this offer. Purchaser(s) acknowledges and agrees that Seller may consider simultaneously all offers to purchase the Property regardless of the date of receipt of any particular offer and that Seller may determine, In lis sole and absolute discretion, which oller, If any, to accept or reject. All offers become the property of Seller, and rejected offers will not be returned to Purchaser(s). Purchaser(s) agree that the submission 01 this offer to Seller and Seller's receipt of same shall not create or cause to arlsa In favor of Purchaser(s) any claim to, or Interest In, the proparty. The Purchasar(s) agree Setter's acceptance of this offer may be evidenced solely by Seller's endorsement hereon 01 Seller's acceptance of this offer pursuant to Seller's procedures therefor. No prior oral discussions or representations, If any, by Seller or lis agents as 10 the Property or the acceptabillly of this offer Lost Revised: 08/18106 Page J of 3 shall be effective or binding against Seller unless set forth In lhls o"er. Sellar reserves the right to cancel or terminate the contract If Seller does not net at least $1.00 In proceeds on the HUD1/Setllement Statement. 6. Buyer Is aware that Seller acquired the property SUbject of this transaction through ellher a foreclosure or a deed-in-lieu of foreclosure, and that Seller Is selling and Buyer Is purchasing the property In an 'AS IS CONDITION WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE'. Buyer acknowledges, on behalf of Itself, Its opportunity to Inspect and Invesllgale the property and all improvements Ihereon, either Independently or through agenls of Buyer's choosing, and that In purchasing Ihe property Buyer Is not relying on any statements or representations made by Seller or Seller's agents as 10 lhe condition of Ihe property andlor any Improvements thereon, Including, BUT NOT LIMITED TO, heating, sewage, roof, foundations, solis and geology, septic, 101 size or sullablllty of the property andlor lis Improvements for particular purposes, or Ihat any appliances, If any, plumbing and/or ulllltles are In working order, and/or thallhe Improvemenls are slruclurally sound and/or In compliance with any local, city, county, state and/or lederal statules, codes or ordinances, Buyer(s) agrees 10 pay tha feas for Inspections of his choice atlhe time of the physlcallnspecllon(s) InCluding lermlte Inspecllon and report. If It Is determined thallhere Is mold In property, buyer shall not hold Seller liable for removal of, or exposure to, the mold. The closing of this transaction shall consUtute an acknowledgement by the Buyer Ihal THE PREMISES WERE ACCEPTED WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND OR NATURE AND IN AN "AS-IS' CONDITION BASED SOLEL Y ON BUYER'S OWN INSPECTION AND THAT SELLER SHALL HAVE NO FURTHER OBLIGATIONS, LIABILITIES OR RESPONSIBILITIES UNDER THE CONTRACT OR ANY ADDENDUM THERETO, ANYTHING TO THE CONTRARY NOTWITHSTANDING, 7. Buyer(s) is purchasing the Property in lis current "As Is" condition subject only to such repairs as may be expressly required under the Contract or agreed to In wrlllng by Seller and Buyer(s) prior to closing. Should any lander or any Insuring eqully or agency require that certain repairs to the Property be made or that certain other conditions be met. the Seller, at lis sole option, may comply wllh such requirement or terminate the Contract. Furthermore, should any FHA Condillonal Commitment or VA Certificate of Reasonable Value vary from the agreed upon purchase prIce of the Property, then Seller, at lis sole option, may terminate the Contract. Notwithstanding thai repairs may be made 10 the Property pursuant to the terms of this Contract and prior to closing, Buyer(s) acknowledges thaI Seller has not made and shall not make any represenlallons or warranties 01 any character as to the necessity for any such repairs, or the absence of any necessity therefore, or of Ihe adequacy of any such repairs upon completion thereof. Buyer(s) agrees that II shall be solely the responsibility of Buyer(s) to Inspecl and verify, prior to closing, the complatlon and adequacy of any and all suCh repair. 8. If a Survey Is requested by Buyer(s) or Lender, Buyer agrees to pay for said survey. A survey Is not a condition of this transacllon. 9. SELLER DOES NOT MAKE ANY REPRESENTATIONS OR WARRANTIES AS TO THE PHYSICAL CONDITION OF THE PROPERTY, THE APPLIANCES, UTILITY FIXTURES. EQUIPMENT AND OTHER APPURTENANCES RELATING THERETO, OR ANY OTHER MATTER AFFECTING OR RELATING TO THE HEREIN DESCRIBED PROPERTY (OTHER THAN THE WARRANTY OF TITLE ACCORDING TO THE SPECIAL WARRANTY DEED TO BE DELIVERED AT CLOSING), AND THAT THE BUYER(S) HAS BEEN AFFORDED AN ADEQUATE OPPORTUNITY TO INSPECT AND EVALUATE THE CONDITION OF THE PROPERTY. BUYER(S) HEREBY EXPRESSLY ACKNOWLEDGES THAT NO SUCH REPRESENTATIONS OR WARRANTIES HAVE BEEN MADE, AND BUYER(S) AGREES TO ACCEPT THE HEREIN DESCRIBED PROPERTY ~- AND "WHERE-IS' AND WITHOUT WARRANTY, EXPRESS OR IMPLIED, AS TO THE MERCHANTABILITY OF THE HEREIN DESCRIBED PROPERTY OR OF ITS FITNESS FOR ANY PARTICULAR USE OR PURPOSE. NO REPRESENTATIONS, CLAIMS, STATEMENTS, ADVERTISING OR PROMOTIONAL ACTIVITES MADE OR CONDUCTED BY SELLER OR SELLER'S AGENTS OR REPRESENTATIVES SHALL BE BINDING UPON THE SELLER UNLESS THE SAME ARE EXPRESSLY SET FORTH IN THE CONTRACT, ITS ADDENDA, OR A SUBSEQUENT WRITTEN AGREEMENT EXECUTED BY THE SELLER AND BUYER(S). 10. Buyer(s) may take possession after the 11nal closing papers are signed by Ihe Seller and the Contract III funded, Possession to the property may not be taken before Ihe occurrence of both transacllons stated v previously. Any violation will be considered a breach of contracl II the closing does not take place on the "... originally scheduled close by dale due to a Buyer(s) delay, Buyer(s) shall pey a fee of $100.00 per diem to Seller untlllhe closing Is completed. 11. Asslanmenl: Buyer may not asslgn the Contract without Seller's prior wrltten consent, such consent to be given or denied In Seller's sole and absolute cIlscretlon. Seller reserves Ihe unilateral rlght, axerclsable In Seller's sole discretion at any time prior 10 the Closing Date wllhout the necessity of obtaining Buyer's consenl, to convey the Properly to an affiliate of Seller (a 'Permitted Assignee") subject to the terms and conditions of lhe Contract. The Permitted Assignee shall expressly assume In writing al of Seller's duties and obligations under the Contract, and the original party designated as the Seller shalllhereafter be released under the Contract, and the original party designated as the Seller shall thereaftar be released Irom all dulles and obligations hereunder, Buyer agrees to close the transaction contemplated herein with the Permitted Assignee, subject to the terms and condlllons of the Contract. 12. Mortoaoe Insurance ComDanles: Notwithstanding anything herein 10 the contrary, Buyer and SeIer agree and acknowledge that the Contract. Including Seller's obligation hereunder to transfer this subject property, is subject 10 and contlngenl upon the non-exercise of any right of first refusal, If applicable, 10 the subject properly, and In the event the first right Is exercised by the mortgage Insurance company, nelthar party shall be deemed In default hereunder, and the Contract, and all obligations, responsibilities and lIabllllles of each party hereunder (Including any which relate to real estate brokers, agents, etc.) shall automatically terminate and be of no fur1her force or effect and all monies paid or depOSited by Buyer shall be promptly returned to Buyer. Last Revised: 08118/06 Page 2 of3 13 Buyer warrants that He/She Is nol currenlly employed by Seller or any of lis affiliated companies, nor Is the Buyer an Immediate family member of one of Seller's employees. 14. The Contract, Including this Addendum, is conllngent upon final approval by the Seller or Seller's Agent. 15. The Seller reseNes the right to terminate the Contract for any reason In Its sole dlscrellon. Should the Seller terminate Ihls contract, the Seller's sole liability to the Buyer will be to return Buyer's deposl!. at which time the Contract and al eddendums thereto Shall cease and terminate and Seller and Buyer shall have no further obllgallons, liabilities, or responslbllllles 10 one another. 16, It Is acknowledged and agreed that in the event the Seller terminates the Contract In accordance with this Agreement for any reason, the sole OOllgallon and liability of the Seller, shall be to refund to the Buyer, without Interest, all sums heretofore paid on acco:Jnl of the purchase price, Upon Ihe me king of such refund, this Agreement shall be deemed cancelled and shall wholly cease and terminate, and nellher party shall have any further claim against the other by reason of this Agreement. In the event that the sale Is not consummated and/or a closing does not occur for any reason, neither lhe Seller, nor the Brokers shall be held liable for any damages or expensas Including, but not limited la, cosls or expenses of the Buyer. 17. The Seller requires evidence Ihallhe Buyer Is a bona-fide Buyer with submission of this Contract to Seller. The evidence, al a minimum, will show proof 01 funds on hand for closing and, In Ihe evenl of financing, a lender's pre-quallllcaUon letter approving credll worthiness of Ihe Buyer. 18. All of Ihe parties hereto hereby cerllfy that they have read this Addendum carefully. They understand fully all the terms and conditions hereof. They enter Into this Agreement In a spirit of mutual good will and cooparallon without Ihe use of force, In alfll(lng their signatures hereto, they mutually agree It shall be binding upon them. This Is a legally binding contract. Each party agrees that they have had the opportunity to seek professional advice regarding any matter of concern prior to signing this Addendum, and the Contract, and that each party has the opportunIty to and may seek such advice prior to closing. SELLER: HOMEQ SERVICING AS AGENT FOR THE SELLER By: Name: Title: Dale: *' 1S1Ef? . '7/6NIt1't.)/2.,e :~YER(S): .p~ A'f1 ~u.li14Ay: .J.I.etZ.e1O . Name: Name: Last Revised: 08/18/06 Page 3 of3 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 AS TO PURCHASER: DA TED:.t!Pr'l \ d, l, a-tXff ATTEST", " <; DWIGH,:~~. :~~~~~". Clerk ~..~ · i0~:;:;;'l:. rk O~~ ...... .fJ'\"'~: ;~:J,". ,;':,,:,~;;,:,.,""" AS TO OWNErt BOARD OF COUNTY COMMISSIONERS COLLIER UNTY, FLORI1A .. $-L~ Fiala, Chairman DATED: BY: Witness (Signature) Name: (Print or Type) Printed Name Witness (Signature) Title Name: (Print or Type) !Revised 08M6JO~ ADDENDUM #1 SPECIAL PROVISION ADDENDUM TO THE CONTRACT BETWEEN THE UNDERSIGNED PARTIES CONCERNING THE PROPERTY AT: Pc. '21--/ II V PROPERTY~DlRESS: ,;)040 <-Ho T~v (~ u 10~f'L'~ DATE: 0 21 '71 ASSET NO.: ~~'d.~S"{JM(,:J. '-] to This Addendum Is attached and thereby becomes a part of the purchase and sales contract. In the event there Is a connlct belween the purchase and sales contract and this Addendum, the Addendum Is Ihe controlHng Instrument In the transacllon. 1. Seller shall furnish to Buyer(s) at closing a Special Warranty Deed, or comparable instrument as allowed where the subject property Is located. It Is the Intent of the Seller to delver Insurable tllle to the subject property through the conveyance of the Special Warranty Deed or comparable Instrument. The comparable instrument, at a minimum, must contain the following language: "Grantor covenants that It Is seized and possessed of the said land and has a rlghtto convey It, and warrants the tllle agalnslthe lawful claims of aM persons claiming by, through and under It, but not further otherwise", 2, Notwithstanding anything In the attached contract (hereinafter, the "Contract") to the contrary, the Special Warranty Deed to be delivered by the Seller at closing shall Include the followIng "subject to" provisions: The following reservations from and exceptions to this conveyance and the warranty of tllle made herein shall apply. (1) (2) All easements, rights-of-way and prescriptive rights whether of record or not, pertaining \0 any portlon(s) of the herein described property (hereinafter, Ihe 'Property'); All valid 011, gas and minerai rights, Interasts or leases, royally reservations, minerai Interest and transfers of Interest of any character, In the 011, gas or minerals of record In any county In which any portion of the property Is located; All restrictive covenants, terms, condillons, contracts, provisions, zoning ordinances and other Items of record In any county In which any portion of the Property is located, pertaining to any portlon(s) of the Property, but only to the extent that same are sUI In effect; All presenlly recorded Instruments (other than liens and conveyances by. through or under the Grantor) that affect the Property and any portlon(s) thereof; Ad valorem taxes, fees and assessments, If any, for the current year and all prior and subsequent years, the payment of which Grantee assumes (at the lime of transfer of title), and all subsequent assessments for this and all prior years due to change(s) In land usage (Including, but not IImlled to, the presence or absence of Improvemenls, If any, on the Property), ownership, or both, the payment of which Grantee assumes; and Any conditions that would be revealed by a physical Inspection and survey of the Property. (3) (4) (5) (6) 3. Tltle/Closlna Aaent. Seller shall select the lIt1e and closing agent. The Seller shall pay the title examination fee and the premium for the owner's tille Insurance polley. Buyer shall pay their customary closing fee to the closlng/lll1e agenl. If Buyer obtains a mortgage loan In connect/on wllh this purchase, the Buyer will pay any premium of a mortgagee title polley. The Buyer Is enlltled to legal representation at \he closing and may elect to have such representation at the Buyer's expense. All closing transacllons will be held atlhe Title/Closing Agent selected by the Seller. It Is Sellers Intent to deliver owner's tllle Insurance polley In lieu of an abstract In \he customary abstract stales, The Buyer hereby accepts title Insurance In lieu of an abslract If applicable. In the event there Is a requirement for the abstract to be updated, the associated expense will be a Buyer expense on the HUD 1 Settlement Statement. 4. The undersigned Buyer and Seller hereby: (I) authorize and direct any tiUe company or closing agent providing services In connection wllh this transaction (the "Closing Agent") to furnish a copy of any HUD-l Settlement Statement generated In connection with the closing of this transaction, whether unsigned or signed by the parties, showing both the Buyer's and Seller's sides of the transaction to the Closing Outsource Provider of the Seller; (II) agree thai the Closing Agent shall have no liability under the Gramm-Leach-Bllley Act, any other statu Ie or regulation relating to privacy or Information dlsclosura or otherwise as a result of lis compliance with lhe direction to release aforementioned HUD.1 Settlement Statements to the Closing Outsourcer; and (Ill) agree thatlhe Closing Outsourcer may furnish such HUD-1 Settlement Statements to any authorized agent of the Seller. 5. Purchaser(s) acknowledge that (a) Seller may have received other offers to purchase the Property prior to Seller's receipt of this offer, and (b) Seller may receive other offers to purchase the Property after Seller's receipt of this offer. Purchaser(s) acknowledges and agrees that Seller may consider simultaneously all offers to purchase the Property regardless of the date of receipt of any particular offer and that Seller may determine, In lis sole and absolute discretion, which offer, If any, to accept or reject. AU offers become the property of Seller, and rejected offers will not be returned to Purchaser(s), Purchaser(s) agree that the submission of this offer to Seller and Seller's receipt of same shall not create or cause to arise In favor of Purchaser(s) any claim to, or Interest In, the property. The Purchaser(s) agree Seller's acceptance of this offer may be evidenced solely by Seller's endorsement hereon of Seller's acceptance of this offer pursuant to Seller's procedures therefor. No prior oral discussions or representations, If any, by Seller or Its agents as to the Property or the acceptabllily of this offer Last Revised: 08/18/06 Page] of3 shall be effective or binding against Seller unless set forth In this offer. Seller reserves the right to cancel or terminate the contract if Seier does not net at least $1.00 In proceeds on the HUD11Setllement Statement. 6. Buyer Is aware that Seller acquired the property subject of this transaction through ellher a foreclosure or a deed-in-lieu of foreclosure, and thet Seller Is selling and Buyer Is purchasing the property In an "AS IS CONDITION WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND OR NATURE". Buyer acknowledges, on behalf of Itself, Its opportunity to inspect and Invesllgate the property and all Improvements thereon, either Independently or Ihrough agents of Buyer's choosing, and that In purchasing the property Buyer is nol relying on any statements or representations made by Seller or Seller's agents as to the condition of the property andlor any Improvements thereon, Including, BUT NOT LIMITED TO, healing, sewage, roof, foundations, solis and geology, sepUc, lot size or sullablllty of the property andlor Its Improvements for particular purposes, or that any appliances, If any, plumbing and/or utl1ltles are In working order, andlor that the Improvements are structurally sound and/or In compliance with any local, city, county, state and/or federal statutes, codes or ordinances. Buyer(s) agrees to pay the fees for Inspections of his choice at the lime of the physlcallnspecllon(s) Including termite Inspection and report. If It Is determined that there Is mold In property, buyer shall not hold SeHer liable for removal of, or exposure to, the mold, The closing of this transaction shall constitute an ecknowledgemenl by the Buyer thai THE PREMISES WERE ACCEPTED WITHOUT REPRESENTATION OR WARRANTY OF ANY KIND OR NATURE AND IN AN 'AS-IS" CONDITION BASED SOLEL Y ON BUYER'S OWN INSPECTION AND THAT SELLER SHALL HAVE NO FURTHER OBLIGATIONS, LIABILITIES OR RESPONSIBILITIES UNDER THE CONTRACT OR ANY ADDENDUM THERETO, ANYTHING TO THE CONTRARY NOTWITHSTANDING. 7. Buyer(s) is purchasing the Property in Its current OAsis" condition subject onty 10 such repairs as may be expressly required under the Contract or agreed to In writing by Seller and Buyer(s) prior to closing, Should any lender or any Insuring equity or agency require Ihat certain repairs to the Property be made or that certain other conditions be met. the Saller, at Its sole option, may comply with such requlremant or terminate the Contract. Furthermore, should any FHA Conditional Commitment or VA Certificate of Reasonable Value vary from the agreed upon purchase price of Ihe Property, then Seller, at Its sole option, may temninate Ihe Contract, Notwithstanding that repairs may be made 10 the Property pursuant to the terms of this Contract and prior to closing, Buyer(s) acknowledges that Seller has not made and shall not make any representallons or warranties of any character as to the necessity for eny such repairs, or the absence of any necessity therefore, or of the adequacy of any such repairs upon completion thereof. Buyer(s) agrees that it shall be solely the responSibility of Buyer(s) to Inspect and verify, prior to closing. the completion and adequacy of any and all such repair. 8. If a Survey Is requested by Buyer(s) or Lender, Buyer agrees to pay for said survey, A survey Is not a condition of this transaction. 9. SELLER DOES NOT MAKE ANY REPRESENTATIONS OR WARRANTIES AS TO THE PHYSICAL CONDITION OF THE PROPERTY, THE APPLIANCES, UTILITY FIXTURES, EQUIPMENT AND OTHER APPURTENANCES RELATING THERETO, OR ANY OTHER MAnER AFFECTING OR RELATING TO THE HEREIN DESCRIBED PROPERTY (OTHER THAN THE WARRANTY OF TITLE ACCORDING TO THE SPECIAL WARRANTY DEED TO BE DELIVERED AT CLOSING), AND THAT THE BUYER(S) HAS BEEN AFFORDED AN ADEQUATE OPPORTUNITY TO INSPECT AND EVALUATE THE CONDITION OF THE PROPERTY. BUYER(S) HEREBY EXPRESSLY ACKNOWLEDGES THAT NO SUCH REPRESENTATIONS OR WARRANTIES HAVE BEEN MADE, AND BUYER(S) AGREES TO ACCEPT THE HEREIN DESCRIBED PROPERTY~. AND "WHERE-IS" AND WITHOUT WARRANTY, EXPRESS OR IMPLIED, AS TO THE MERCHANTABILITY OF THE HEREIN DESCRIBED PROPERTY OR OF ITS FITNESS FOR ANY PARTICULAR USE OR PURPOSE, NO REPRESENTATIONS, CLAIMS. STATEMENTS, ADVERTISING OR PROMOTIONAL ACTIVITES MADE OR CONDUCTED BY SELLER OR SELLER'S AGENTS OR REPRESENTATIVES SHALL BE BINDING UPON THE SELLER UNLESS THE SAME ARE EXPRESSLY SET FORTH IN THE CONTRACT, ITS ADDENDA, OR A SUBSEQUENT WRlnEN AGREEMENT EXECUTED BY THE SELLER AND BUYER(S), 10. Buyer(s) may take possession after the final closing papers are signed by the Seller and the Contract II funded. Possession to the property may not be taken before the occurrence of both transactions stated v previously. Any violation will be considered a breach of contracl If the cioslng does not take place on the ,.. originally scheduled close by dale due to a Buyer(s) delay, Buyar(s) shall pay a fee of $100.00 per diem to Seifer until the closing Is completed. 11, Asslanment: Buyer may not assign the Conlract without Seller's prior written consent. such consent 10 be given or denied In Seller's sole and absolute discretion, Seller reserves the unilateral right, exercisable In Seller's sole discretion at any time prior to the Closing Date wllhoutthe necessity of obtainIng Buyer's consent, to convey the Property to an affiliate of Seller (a "Permitted Assignee") subject to the terms and conditions of Ihe Contract, The Permitted Assignee shall expressly assume In writing all of Seller's duties and obligations under the Contract, and lhe orlglnai party designated as the Seller shall thereafter be released under the Contract, and the original party designated as the Seller shall thereafter be released from all duties and obligations hereunder, Buyer agrees to close the transaction contemplated herein with the Permitted Assignee. subject 10 the temns and conditions of the Contract. 12, Mortaaoe Insurance Comoanles: Notwithstanding anything herein 10 the contrary, Buyer and Seller agree and acknowledge that the Contract, Including Seller's obligation hereunder to transfer this subJect property, is subject 10 and contingent upon the non-exercise of any right of first refusal, If applicable, to the subJect property, and In the event the first right Is exercised by the mortgage Insurance company, nelthar party shall be deemed In default hereunder. and the Contract, and all obligations, responsibilities and liabilities of each party hereunder (Including any which relate to real estate brokers, agents, etc.) shall automatically terminate and be of no further force or effect and all monies paid or deposited by Buyer shall be promptly returned to Buyer L~sl Revised; 08118/06 Poge 2 01'3 13 Buyer warrants that He/She Is not currenlly employed by Seller or any of its affiliated companies, nor Is the Buyer an Immediate family member of one of Seller's employees, 14. The Contract, including this Addendum, is conllrlgent upon flnal approval by the Seller or Seller's Agent. 15, The SeHer reserves the right to terminate the Contract for any reason In Its sote discretion. Should the Seller terminate this contract, the Seller's sole liability to the Buyer will be to return Buyer's deposll, at which time the Contract and all addendums thereto shall cease and terminate and Seller and Buyer shall have no further obllgatlons. liabilities. or responsibilities to one anolher. 16. II is acknowledged and agraed that in the event the Seller terminates the Contract In accordance with this Agreement for any reason. the sole obllgatlon and liability of the Seller. shall be to refund to the Buyer, without interest. ail sums heretofore peld on account of the purchase price. Upon the making of such refund, this Agreement shall be deemed cancelled and shall wholly cease and terminate, and neither party shall have any further claim against the other by reason of this Agreement. In the event that the sale Is not consummated and/or a closing does not occur for any reason, nellher the Seller, nor the Brokers shall ba held liable for any damages or expenses Including, but not limited to, costs or expenses of the Buyer. 17, The Seller requires evidence that the Buyer Is a bona-fide Buyer with submlsslon of this Contract to Seller, The evidence, at a minimum, will show proof of funds on hand for closing and, In the event of financing, a lender's pre-qualification letler approving credit worthiness of the Buyer. 18. All of the parties hereto hereby certify that they have read this Addendum carefully, They understand fully all the terms and conditions hereof. They enter Into this Agreement In a spirit of mutual good will and cooperation without the use of force. In afllxlng their signatures hereto, they mutually agree It shall be binding upon them. This Is a legally binding contract. Each party agrees that they have had the opportunity to seek professional advice regarding any matter of concern prior to signing this Addendum, and the Contract, and that each party has the opportunity to and may seek such advice prior to closing. SELLER: HOMEQ SERVICING AS AGENT FOR THE SELLER By: Name; Title: Date: By: BUYER(S); By: Name: , a"':~~l~:ijITEt1~~t~g~#t:6~~~k~!;if,~ ff~ii'l~~g:g~;,~. ~l~,~~~;.!fi~~}.m:~~~;.i~~~~:H,:~?':m~T . .-~ tkl~:";1'Ni:;it;~~~;~::S~~f~~~'iI'i.j~l1=lt~i.~~~~:f~~.~~~~~~;'EI~?;~~~*i-~;~~.~~~B,:Hl!~i~~';~:ft4{~lit{{; ~11;g Last Revised: 08/18/06 Page 3 01'3 Details ~,.. - Sketches 'I Property Record Aerial L~ ~ Parcel No.1135744080005 Current Ownership Property Addressll2040 46TH TER SW Owner Name US BANK NATIONAL ASSN TR Addresses DELlTY/BARCLAYS CAPITAL TATE INC 1270 NORTHLAND DR STE 200 Cityll MENDOTA HEIGHTS II Statell MN Legalll GOLDEN GATE UNIT 2 BLK 20 LOT 114 Section 22 Township 49 Range 26 Acres 0,29 Sub No, -1J Use Code 321400 1 GOLDEN GATE CITY UNIT 2 SINGLE FAMILY RESIDENTIAL 2008 Final Tax Roll (Subject to Change) If all Values shown below equal 0 this parcel was created after the Final Tax Roll I Land Value $109,765.00 I (+) Improved Value $108,978.00 (=) Just Value $ 218,743.00 (-) SOH Exempt Value $ 0.00 (=) Assessed Value $ 218,743.00 (-) Homestead and other Exempt Value $ 0.00 (=) Taxable Value $ 218,743,00 SOH = "Save Our Homes" exempt value due to cap on assessment increases. - . f- ~ Date 12/2008 05 / 2006 10/2000 08/1998 06/1998 04/1997 The Information is Updated Weekly, Trim Notices Map No, 4B22 -1J Millage Area 20 I .&1..- 91 Page 1 of 1 Zlpl155120 -1176 Strap No. 321400 20 144B22 -1J .Mllla9!l 11,3533 Latest Sales History Book - Page 44J5_~.tit6 4039 - 2342 2737 - 1027 2448 - 1977 2451 - 1600 2~04..~264t http://www.collierappraiser.com/RecordDetai 1, asp ?Map=&F 0 I io ID=000003 5 744080005 Amount $ 100.00 $ 280,900,00 $ 0.00 $ 38,000,00 $ 48,000,00 $ 108,400,00 4/22/2009 Print Map Page 1 of 1 Parc.l.. Subdj",ts.ton. "..'..is 2001 [6 Ineh Urban} A...,al. 20111 (2 f~~T) fJuJldln'fll Footpllnts COUl., County Folio Number: 35744080005 Name: US BANK NATIONAL ASSN TR Streettf & Name: 2040 46TH TER SW Legal Description: GOLDEN GATE UNIT 2 BlK 20 lOT 14 @2004. Collier County Property Appraiser. YVnile the Collier County Property Appraiser is committed to providing the mOlt accurate and up-la-date information, no warranties expressed or implied are provided for the data herein, its use, or its interpretation. http://maps.collierappraiser .com/webmap/mapprint.aspx?title=&orient= LANDSCAPE&pa... 4/22/2009 --"....~.-,.,-_..,~ ~~~- 1')( . e IN THE CIRCUIT COURT OF THE TWENTIETH JUDICIAL CIRCUIT IN AND FOR COLLIER COUNTY, FLORIDA Vs. CASE NO. 08-2877-CA-OI *** 4243918 OR: 4415 PG: 1916 *** RICORDID in OFneIlL ueORDS of COLLIII CODln, PL 12/23/2008 at 09:1611 DWIGHt I. BROCI, eL111 COIS 100,00 lIC FII 10,00 IIDIIIIG 1,00 DOC-,70 ,70 Ketn: CIVIL U.S. BANK NATIONAL ASSOCIATION AS TRUSTEE, Plaintiff(s) JENNIFER B. HIATT AIKJ A JENNIFER HIATT; KEVIN B, HIATT A/KJA KEVIN HIATT; MORTGAGE ELECTRONIC REGISTRA nON SYSTEMS INCORPORA TED AS A NOMINEE FOR MERIT AGE MORTGAGE; JOHN DOE; JANE DOE AS UNKNOWN TENANT (S) IN POSSESSION OF THE SUBJECT PROPERTY, Defendant( s) The undersigned, DWIGHT B and filed a Certificate of Sale in herein, and that no objection to objections. The following pr TE, UNIT 2, AC ES 65 THROU J v: RlDA. ,," rflF Cl\~C~ was sold to ~ ,. U.S. BANK NATIONAL ASSOCIATION AS TRUSTEE UNDER POOLING AND SERVICING AGREEMENT DATED AS OF AUGUST 1,2006 MASTR ASSET BACKED SECURITIES TRUST 2006 HE3 MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2006 HE3, c/o FidelitylBarclays Capital Real Estate, Inc. dba Homeq Servicing, 1270 Northland Dr, suite 200, Mendota Heights, MN 55120. Bid Amount: $ 100.00 .,...... $ '>> ~ WIlNESS my hand and seal of the court ~(lJ)ecember 23;,7008. J;j;~~11' ,-< P ~ ~, ' , . ' .... ..,. . II] C I ~ I"T'J .::0 "DWIGHT E; .~ROCK, O~l.7. ~ ~ ,'. : C1erk o( ~"'e Circuit Court i~" ~ (..,) ~-:;: i' ~ . n ::::r- C) :::. ~ :::r: ;-<: C. '::J t:-. ... . - . ~ I LOT 14, BLOCK 20, GOLDE RECORDED IN PLAT BOOK RECORDS OF COLLIER CO . .... '-.; - . ~ -.' PROJECT: Neighborhood Stabilization Program ADDRESS: 2040 46TH Terrace SW FOLIO NO: 357440800005 ADDENDUM TO PURCHASE AGREEMENT THIS ADDENDUM TO PURCHASE AGREEMENT (hereinafter referred to as the "Agreement") is made and entered into this day of , 2009, by and between 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, whose mailing address is 1270 Northland Drive, Suite 200, Mendota Heights, MN 55120 (hereinafter referred to as "Seller"), and COLLIER COUNTY, a Political Subdivision of the State of Florida, its successors and assigns, whose mailing address is 3301 Tamiami Trail East, Naples, FL 34112 (hereinafter referred to as "Purchaser"); WHEREAS, Seller is the owner of that certain parcel of real property (hereinafter referred to as "Property"), located in Collier County, State of Florida, and being more particularly described as follows: LOT 14, BLOCK 20, GOLDEN GATE UNIT 2, ACCORDING TO THE PLAT THEREOF, AS RECORDED IN PLAT BOOK 5, PAGES 65 THROUGH 77, INCLUSIVE, OF THE PUBLIC RECORDS OF COLLIER COUNTY, FLORIDA. WHEREAS, Seller desires to convey the Property "as is" to Purchaser for the stated purposes and Purchaser desires to acquire the Property "as is", on the terms and conditions set forth herein; and WHEREAS, Purchaser has agreed to compensate Owner for conveyance of the Property; NOW THEREFORE, in consideration of these premises, the sum of Ten Dollars ($10.00), and other good and valuable consideration, the receipt and sufficiency of which is hereby mutually acknowledged, it is agreed by and between the parties as follows: 1, Seller shall convey the Property to Purchaser via Special Warranty Deed for the sum of Sixty Eight Thousand Dollars ($68,000) U,S, Currency, payable by County Warrant (said transaction hereinafter referred to as the "Closing"). Said payment shall be full compensation for the Property conveyed, including all landscaping, trees, shrubs, improvements, and fixtures located thereon, This is a cash transaction with no contingencies for financing, 2, The Closing of the transaction shall be held on or before forty-five (45) days following execution of this Agreement by Seller, The Closing shall be held at the Collier County Attorney's Office, Administration Building, 3301 Tamiami Trail East, Naples, Florida. At Closing, Purchaser shall deliver the County Warrant to Seller and Seller shall deliver the fully executed Special Warranty Deed to the Purchaser, Purchaser shall be entitled to full possession of the Property at Closing, 3, Seller shall convey a marketable title free of any liens, encumbrances, exceptions, or qualifications. Marketable title shall be determined according to applicable title standards adopted by the Florida Bar and in accordance with law, 4, Each party shall be responsible for the payment of its own attorney's fees. Seller, at its sole cost and expense, shall pay at Closing all documentary stamp taxes due relating to the recording of the Special Warranty Deed, in accordance with Chapter 201,01, Florida Statutes, and the cost of recording any instruments necessary to clear Seller's title to the Property, The cost of the title commitment and the title policy shall be paid for by the Purchaser. 5. Purchaser shall pay for the cost of recording the Special Warranty Deed. Real Property taxes shall be prorated based on the current year's tax and paid by Seller. If Closing occurs at a date which the current year's millage is not fixed, taxes will be prorated based upon such prior year's millage. 6. Any and all brokerage commissions or fees shall be the sole responsibility of the Seller. Seller shall indemnify Purchaser and hold Purchaser harmless from and against any claim or liability for commission or fees to any broker or any other person or party Addendum to Purchase Agreement Page 2 claiming to have been engaged by Seller as a real estate broker, salesman or representative, in connection with this Agreement. 7, Conveyance of the Property by Seller is contingent upon no other provisions, conditions, or premises other than those so stated herein; and the written Agreement shall constitute the entire Agreement and understanding of the parties, and there are no other prior or written or oral agreements, undertakings, promises, warranties, or covenants not contained here. S, This Agreement and the provisions hereof shall be effective as of the date this Agreement is executed by both parties and shall inure to the benefit of and be binding upon both parties hereto and their respective heirs, executors, personal representatives, successors, successor trustees, and/or assignees, whenever the contest so requires or admits, 9, Any amendment to this Agreement shall not bind any of the parties hereof unless such amendment is in writing and executed and dated by Purchaser and Seller. Any amendment to this Agreement shall be binding upon Purchaser and Seller as soon as it has been executed by both parties. 10, No waiver of any provisions of this Agreement shall be effective unless it is in writing signed by the party against whom it is asserted, and any waiver of any provision of this Agreement shall be applicable only to the specific instance to which it is related and shall not be deemed to be a continuing or future waiver as to such provision or a waiver as to any other provision, 11. This Addendum to Purchase Agreement amends and supplements the Contract and, if applicable, escrow instructions, In the event there is any conflict between this Addendum and the Contract or escrow instructions or notice or other documents attached and made a part of the agreement between the parties, the terms of this Addendum take precedence and shall prevail, except as otherwise provided by applicable law. 12, This Agreement is governed and construed in accordance with the laws of the State of Florida, IN WITNESS WHEREOF, the parties hereto have executed this Addendum to Purchase Agreement on this day of , 2009 Date Property acquisition approved by BCG: March 24, 2009, Item 10F DATED: ATTEST: . ' \::,C) ;';-0. \'" .'.'. ..;{" DWIGHT ~ ~BROCK; CIEtrk ~~:'Jitjf/~' . If..... .... .,';" ,,..' BOARD OF COUNTY COMMISSIONERS :~:LLlE?rr:,~Ld~ Donna 'Fiala, Chairman Addendum to Purchase Agreement Page 3 AS TO OWNER: DATED: 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 By: Witness (Signature) Name: (Print or Type) (Signature) Print Name Witness (Signature) Name: (Print or Type) Title :._JT rmand CRDvi!OCl 08/16tOeI :,f&' ~ ADDENDUM #1 SPEClAL PROVISION ADDeNDUM TO THE CONTRACT BETWEEN THE UNOERS'GNED PARTIES CONCERNING THE PROPERTY AT: PROO"7FSS' ,QQ!;/O U", "'" _ r.. .~. UQ,",' PL 2f.j" ~ DATE: ASSET NO.: ~~~ ~ (1:1,:2 ~ tD ' 5" ~'io'f , ThIs AddeIxIum Ia ~ $I"Jd IlWeby beCOme$ a part or II1e pun:I\es$ and 5lIa 0llfIlract. In ItMl .......llJI8re IS I oanlIct betft8lllhe pUl'dla$ft and... c:ontrat;f and this Addendum, the ADdMdu/ll I. lht cQl'l\tlllInt InlIIrunwIIlrllhB hInAl:Iloo. ' 1. Seller nil ~ 10 8uya'(a). doc. a Si*llal W~ Deed, (11 ~ """'mfmlullllow.a WheI1I11e ~ ptqIII\V II Joaa1eCl. 111111IO lnIIInA ollha SilJIol III IIlhwln8unlbll tJlIe III flit ~ ~ 1IltoUgII".COIWD~1IIlQ8 ot.". SJI8ClaI WI/'ranf)I Deed or~ l/Mtn.IInont Tl'Itl camparabl8 II18tnma-d. at II mWrrua. must ecnuln Ihe tlllbwlna llnauar.e: "OrMIOt ~ lIltl M Is _eel 81'111 JlOU6UOd QllhI...lnIl1nd na. rlghllll~it, 1I/l1lWllNl_1Ile lIlIe Qllllnsllhllawfulclalml 0( I. pert;OQI CIIIiInlng ~,Imlug" and under" IlllIIld 1\IIt1or0lhenlrll..... 2. t.ItJWh~ an)tlbg In lha a,laahod ~ (Illlrdneftor.1IlO "Conflat;t"') 10 Ill8 COnltary. lhe spedal w.ntnly DMd 10 IIIl ~ llY Ill. SelIIIr At cIolInO Sh8IIIIV.&Jdo tbiI foIowJna .IIU~ ta-l:\IO\IIa/Qn.a: Tno ~ ~dorI$ from ano o.a.. \0 lhIo COIMIYMOe Md'Ille ~ of lItIo rl'IIIlle IWIJtn MlllJ epPjf. (1) (2) (3) M ...tlMflII:, tlallllrl Of WAY IIIIlIIllf'MIOfIplMl ""'* IlIholhol' Dll'OlIOrd 01 not" p~alnIl\' 10 Il~ porbJ('l) of '''' herein ~ac:IIled ~ (hl'81I1der. !he "PIopenf'): AI vaItI 01. eN 8ld minerai rIgh/8, InItnI1I 01111'" ~ I'lldrIIlIkx1s. mItutt8I ~ Md ~ of IIIIeleII at anv cheraclOr. In tho 01, gat or m/tlGraI$ ollllCOlllln any county h'I whiCh .., .-1Ian 0111I. PRlper\1" ~ ' .......,.... CO\/IInll/1lS, Ienns,. conCIIIlOftI. ~ 1lf0Yl$l0nl, ~ OI'dkl8lcM and othlr IIIIma oIl1ICOId In 11I1)' CXlWl/J 1n...1ch any jlClItbl of the Property Is Iocared, pattakllng 10 any paGon(lI) d 11. ~. but ottt to Ihelldent lMt SSh1e lire SIIlI In etIed: "" "'-1IIt reO<:lrCl8d u"""....... CUIMr Ihdoll/wMl ..IlIIMMIJ'Il~ 117. 1t1l0Ujjh gj wid.. u.. ~tMl6cl1hG ~ llIIII4WiY pO!1/on<-) Ihnd; Ad V!IklnIIn ...1o.?I n ~ tr any, for lftlt CUfRlftI )'lNI' enlllll' prlor and eubsequenl ~.... Ole __111 ot v.tlIah GIanIH iMSIIIlMII (el lIIe /me ol'tra"* of 1Itle). a"" al 'lI~ ~ 10r fill. aAll al prior YNI" _ 10 ~1I) 111111'1II UU9ll11flc1uClng. blJl nolllmllecl b.1ho pra.anllll Of' ~ oI~, r Iny. on III. Properly), OWIWBnlp, Of bolh. the Pllrm<<1torwhlc:tl ~....8; iU1d Nr(' CllX1dJClOnII/'laI WOUfd bo roYlNlled by . p/1Y8Iilal /nlipecllcln end IlIlMIy of 1Il11 P~. (ot) (5) (&) ,. Tltfe.IOIoalna r'.m. SaIler"'l!CIcQ tho ... and cIoaiIg agerll. 'I11e S'-" IIhaJJ pay !he UIIe OJCImfnlldon '" IPI Che ~ fat IfIe OwIllI(I liIIe ilulllC6 POlCri.1lUyer shaI PIIlf IhIlfr C4IlIIIlmIIy dD:Il/tg t.1O Ifto ~ ~ If E&lyat ~. ~ IoIIn In IlOIlIIClC:tocI will thIa IlIllChale. the ~ wJ/ pay oot IRIIIlum of a ~ uu. J)OiIQy. The Iluyer " llIIlUIod to lege, (e,lr~ 81 UIfI cMIIntir Md ffiIIr dad IIl' ....1IIJCh 11Ipr~ at lIIO 8u)lII"s ....l'IIA. AI doslng Irer1McCJIll'le 'WIJ till held et 111e TIlIeICIOBolng AalltlleJlICiIl.d by IlIlI Seller. III11S11111n ItUnt to d811Yr DMW'lI tile In&l.U'lII1l:tI po/ic)' In lieu ol8ll ab!I/rar::lln 11I0 CUllt:lm8ry l!IbIIIraIlt mIla, TIle ~ ~ ~ t111e lmiuranee In "U allJIl aDBlnICt r 8PPIcable. In !he -~ ....." . ffQUlr'tInM few the i!lbWBello be UIlll*d. hi Ii1l18Odited 8llIllIIlH 'NIl be I BlI)'Br lIllpensoCrl 1Ill!l HUO t SeftleMenI SI8IMIent ~- TIle undet8lll/led Buyer 8Ild 5ehr ~ (I) au4/'lOI'Ize a~ di'ecl1IfPI ~ compan)' Of ~ ligan! prtMdlng MMcII il <<nteC111lln wllh 111" ~ (lilt ~ Ager1f') II) AImIItJ . ClClW alany HUCl-f S811/emalll S1IIIImlmt 9IMfIIIad In ~ WiIl"- cIolllnO t.1I Ilk 1nInUcIIon, wheIher II'IIIgned or sI""1Id II)' Iha plIdI-'llhowIr1v IooIh u. ~ Md 5t11w'. -.let. ar....lranuc:llon 10 the CloNIIII OuaIouroe PrDYldfII' 01 tile Seller; (II) /IOlN th8t lIIe CIoiq A9llfIl8llalJ hIMI no I.IIlliIIIy undlll' the Gramm-l..uch._ Ad. tWI other Blatute or I'lIgIMcIon ~ to prIwey fJt fnfolmlllon dIGIoauRl 01 0IIlIIWlH .. a tllllUn CIlia Gampllanol ~Llt the ~ to '*- ~ HlJO-1 SaUJetr.n( St.te1lllN'lll to UlG CkleIng OuIsouraeri and on) CIOf<N ,1IIet Ih4 ~ ~ moy (;Pnlel\ 0I.ICh HlJO..~ OtIll'OlnCNlt ~ 10 *"y auClw"-l oogGnl of ilia SMer. ll. Pur~Ca) ~ IMt fa) 8ou<< OI8lf Ilavo I'OClIIlIed t)IleI 0IferI1o ll'lI~l_ II.. PI.......'I' 1"'''' 10 SelIllr't receipt oIlhi. oIIir, end la) Seller MlY recllIIve ohr oIetlIlo p1a~ Iha Proparty IIIIlIr Salw'15 ttIC8Ipl 01 ~. aIfBr. PUllt,a_r(s) IICIBMtedIllN and._ lhal SeI/er ruv consIdet sI~ aI otferr. 10 pumhllU lit Propeny IllpRflua ot tile dele 01 ~ fA any JIBIIlcufat "nlhal Seller m.y ~ In 116 Ii" tlIll.f iIIIliCIIUtB ~, wI*Ih 1IlIar, " an" ID IIClCllIPC (11 rwjllCl. M "'l:le(lDl1lfJ lIle JllItIperty or ~'. <<rIO 19Jec:tecI ~ID .... ... be rIIl\mod 10 P\l1Chaset(&). PuI'd..et($) IIU/fIIt I1Il 1tJ, 8Ilbmlnfwt or !his ollW to Seller and ~""8 ~ of amo ... noI CtUl8 tJI _to lIrIsa: In ~ III ~') llrty daIin 10, IJI' lnlerat 1/1, Ihe ~- Tn. ~$) .... s..... ~ Of this on.t InIlY be IWJdenced solely by SllIlar's lIICtonIiIment hnon of S.... acc:epI8nCe of this aIJ<< /lUtsUallllo SeIIer'. ~ 1lIerel0l. No prlQt oral dllIOl/SS/ons at leP/OSllI'IlaIonI, f lIfltI', ~ SeIor 0( .. IICllll'lls .. 10 I/Ie ~ Dr .. ~ of this <<tel' I.csI ftevitcd: 0II11W6 I'ItJCIloO 9(;/L1 39\1d Wt.llI \1WmWOH 0(;9ES9S6!6 !p:p! 600(;/(;0/90 shall b9 affeclJlIe 01' blndlrlo egbIn:st Seller unltllll selforth In !H$ ollar. salBl reserves lhe r~ht 10 taneol or lefmcnal6 \nO COllV'llCltr ~,Iar dOn 1101 n81 .11uuI:5 1.00 I" Ill~ un u.& liU01/30nlomenl ~t_t. e. lI\lyer Is aware ltIst SelJet $Cqull/ld iii" pmpel1y JtlbjBC;l oIlhllllltl&\$llClk:ln lI1rough eIlhllf a to,odO$\lre or 8 dood-lfl..eu of forllcJosulll, and InaI Sa/Jar Is 1IOIfIljIllI'ld Buyer I!I ptJI'dlaslng lito pmpllf1y '" ~n 'NIlS CONOmON WrrHOCJT >>fY RfPR!88ITAnOliS OK WAHl<AHI'1t:8 OF /\NY K1NlJ OR NATURE". Bu.,.., aCknow1edges, on IHltIaII Of IISM. Ib ~ 10 In.peel and lIweali9llle the propeny and alllmpftMlll1en1a th.tl'tOn. ellh<< 1/Ideil<<Iderllly ot 1lI'0UQh aoants of Bt.1yar'a chooGhcI. arid \h8t In purd\1IslnlJ./he PfOplll1)r BeJ)'et" la not feJ~ on IIlW w\tlnlenbi ar nIpIe&8I'IIatlonI mlde ~ SelIl1t or Saller's ;lDGI'lI. os to me condition 01 the propenr ancUor liII1f ItnpmllGMents \IWlreOn. Irlofucllng, auT NOT t.llllrrE:O TO, htMIIII!l. sewage, rOOI, loundallana. aoIle erd QOc:II09r. _0, lOt slza or IIIbb111ty fJt 11111 pIOpQI'tV IJlIIJlor It:. Improvements ((11 ,*,k';u!ar purposes, Ql'lhat lilt)' II.ppIi;Inc:M. I( 11I)', pluplbIn9l111l1/orulllt,".,. In WOi'klng order. andla, Ihallhe ImDlO1llllllCllllS ero ~ ~ tndIcr In ClOIl1S!l1rinGe wtlh lII'1y ~",l;:/ty, ellUllty, 81lUI and/Qr Ieda,al $feluI6o'!l. codos or onIInatI::fa. 9tI)'fII'(a) aQ1'881 "" pay 1M! fees tor ~ at hIti thoIce alShe time 01 /tie ptlyelcellnspecllcn(s) h*ldIng t.'m1ts ~ and r8pllrt. "1111 d$/ennlned that lner& 1$ mofd In propeny. buylll' &hilll noI hold SelllIr liable ror r8ItItMIl of. or IIllPO$UIllo, the maIlI. The clo~ of lh/I tl'\lns-.:tion lII1all CQ<ldJah.... .ek~", ~ the FhI\JAl' UulIl'H1! PRt!l.tISE!:!l WERE ACCEPTEO WlTHOUT REffiesJ!NiATIOH OR WARRANTY OF ANY I<l/ln OR NA 'I'URI!: /\NO IN AN 'M-JS' CONDITION aASf:O ~o~t. '( ON EllJ'VER'S OWN INSPEcnoN AM) TH"T setLER SHAll HAVE NO ruRTHER ' 08UGATIONS. L1ABlIJTIES OR RESPONSl8l.rrtes ~ 'tHe CONTRACT OR mY AOOENOUM TH&RETO, ANVl'H/NQ TO THE OONTRARY IIIOTWlTHSTANOINGl. T. Buyer(Il) Is IlUlc:hll'lng IIl& Prol*1~ In Its etmlnI'AI's" eondIlion IiUbject M~ Ie sudI replllS .. may be &Xpressly requInId under" ~ 01' ~ 10 . wr1Ino by Seller 8ld SU)'BI(.) PI10r to dolllr'lg. Sllou/d ~ Icmdar or any........ oquII)I9f' 1JIIIIII1IlIY',......Il1o lhat o.1IlIIn ~ 10 Iho PropOrly bet on. o'lhal C41talr\ 0ItIer tTJfIdJlJonl b. met. hi ISIII", III Mil .. opdon, may comply with lIIUOII ~nl 01' Iwmtn.lllltIe Conlrad. F~ ehauId lIlri FHA. CandlIIorwIL Ocmnllment llI' VA, cer1ItICela ot Re8lCl/'llble Va...., "1lI'/ from the agNlIld uJlCllt ~ ptlce ot Ihe Prqxmy, lhen Saller. at h. eoIe opIIon. fl'I&I)' 1ennInaJo the . COIlCnIcL I'IIJtWll1alllnlJlns1 UIIIL ~ ifill)' .,. R...-la ~ .. Pa_11r puo_oL Iu lhor .....NI d IIl.b ()QnlIGCit IMd prIgr 10 cloaho. Bu)'II(.) SGlll1oModglll1het Seller IIaa not ....r.lII'I(I.haJ nalmako lllIIt rllfllosenlllllon. Of '_ranlle. of lWI)' c:I&BcIIIr as to tlo rlCllc".IIII1~ for any 1U0/1 rop.... or lIIe GblIanGe of eliI)' OOQOQity thatel'lte, or dlha IIdIlquar;y r;J q:udt RIpIft upQn oomplelloll tIweot. ~.}._ UIat IliI'liIlIII.bO $C/oIy tho raspOnalWly!:lf ~ll) ~ inIIFJ\ll;llllll1' vllIlIy, pt... lu du:Ilnll. 1111I ~1Ir.l11.'" ~~')' or ""'" ...~ .. IIUCh rl!lpBlr. e. If II Stn8v II I8qUII8ted by 8uy,,(S) or /..encler, 6u)'. agtIlIlIi to par rot I8Id 1II.IIY4It', A II.IMI)' III not II mndltDt or UlM ltlIInUc1kln. 9. SELU:a DOI!S NOT ~ ANY ~SNTATlONS OR WARRANTIES AS TO THE PHYSlCA/.. OOIIIOJT1ON OF ne PROPERTV. Tlfe AI'Pl.IANO!;S, UTlLJ'IY FIX'rURES, EQUIPUeNT ilHD OTffR APPUR~ RELA't'lNG l'HERETO. OR AAY OTHm WmElFl AFFECllNG OR RELATING TO THE HMeIH DESCRBm PROfIERTY lOTHfR THAN DE WAAAANTY OF Tn'I.E ACCOfWlNO TO THI! SP!:ClAL W/lNWfN O!!ED TO II DELI\IERl!D AT a.OElI/IO). AND ~T THe SUYER(S) HAS BEEN AFFORDeD Alii A(lj::QlJAn: tlPPOPlT'I)NITV m INSPa'\"l' AAI'J EVALUATIl' THI! COIIIOITlON ~ THE PROfIeRTY. BUYER(S)HfERE8'YE)(pIU!8$l Y AC:tOfoWLf!D3fSlliAT NO SUCH RliPResarrATlONS OR WIlRRANTIES HA'fE BEEN MADI!;, AND BUYERlS)AGReI!:S TO ACcEPl' 111E HeReiN DalOAlBED PROPaU'V ~ AND Wf&1ji ANO WITHOUt WARRANTY, EXPRESS OR IMPLIED, AS TO THE ...~T,4.8ILI'l'Y 0# nt&. Hfi O&SCRIBEO PROPliRTV OR OF ml FITNeSS FOR ANY P,6,RTIClLAR USE OR l'URPOSe. NO R/!iPR&SSNTATIOHS. ClJIIMS. ST^TIiMliNT5, ADVERTISING OR PROMaTlONAL ACT1VITES MAl:E OR CONOUCTED BY SIiU,.ER OR SEU. eR'S AGENT$ OR ~prteS!;NT" TIVES stW.L BE BINtlINQ UPON THE SEu..eR UNLESS THE 8AMIii ARS Eil<PRES9L 'f $Ell' I'OAYH IN nil' OOHnv.aT. /'TV J'.DO&NPA. OR A BlJ8SeQUlSNt WAlTTS! ~T EXECUTED BY 'Ilfe selLER AND IIUYfR(S). 11. A~IntvnMI: 8uy_1lII\Y not 8IIIgn Ihe CamnIct wiIl'Iou( Selle,.. .II'ia wrIII*, COlMllt. $UCIl4Xllllant 10 be ~.. or dllftl8d In SeUat's - .Illll .... dlllCflJlbI. Seller l818rVes 1t1, ...,..... tlgIIt. Illl'&ft:JGllble In SeWlloIe dlet:nllon "11I1)' I,. pO;Ir Ib ... CIO.... Oate lIIIlIIIOIJt II1Ilftecesslty of obt.8ln/ng Su)'ll'l ~~ III t:Of'NtI( 1M "'lJPIIttY 10 '" ,t1llIete fJl s.w (I -l"a'mIdacI A_1Il.lt1 :ILItIfc ID .. larm:t lIIIlI Wle&IIllorAo ul !be COIlIrlId. l'Il& Pennlllld AsI/gnM 111II1 e.xpfMllY U4UII1l1ll1 wrftlng .. tJf selC(s dUtIe$ and ~ undO/' tna ConIna. lUHl thl orfg/nII perl)' dtllllIllIltCI... ... 681l1r II1IIIt .....,.., be l'llwed unci8/' fl8 ConInIIlC. IWld lie orlsaIlWII party dInilIgnabld II ... Sell<< .....1I11r1il111ft1r be .... from "" <I11l1e& and 0bIg8(I0N flMURIJ.. Iilu)<Ilr agnlllllO ClOIle IIIe ~ COI'leIlllpllll8lllllereln \\IlIllll. ""mlUlId AQrur-. ~ Illlll8 !enns Md ccndlJons dhl ConncI. 12. I.1artaaae III!I,=ConumnIoos: ~~lnghereln 10 Iho~. 8l.r"w.-Jd Seier agr.eand adLnclwIad9ll 1n8 CorIIIac(, ~ S...,.. i:lbIgiItkri hInlunllat to Iranafoi .. eubjoGt P'OP'rtr, 1$ sub}llct 10 and lXIhlilflent upotI Ole non.tllercillll dan)' rlghI oIb ,afUllll, If appbble, /0 ble .ubjeet Pl'OQiItY. _In Ih8 8'Wln11be 1"11 rt;Itt Is UlIrclSld by lie mOl1gage k1st.nnce ClOtI'lpMY. nel11l1lr patty ahlllt be d88lMd In dofIIuI h.,.und... Md lha Cnnlrw;t, and .. obIIgaJIona. '8IIJllll'llllllll1l8a and 18tJ111U8S ~ tliach llarty hereunder (InclI,dre 'fIlI WI'lleft It/Ilo 10 ..-tIIB bruIIIn, agna, ale.) ItlaIllI1DlnlIIlcelly IIlrmale ana be cr hO 1uI1herbae lI'effeGt Ind allllclnIie paid ordepcl$lled by 8Wer~f be pl'tIIn\PfIy rell.uned 10 Buyer. lMI ~ otIltIO& /'llgIl:loO 9G181 39\,;1d WtllI \,;IWmWOH 13Z:9E898616 '".._."'_."-..........-_.......~"...-..<".,.". 1P:P1 613136/2:13/913 -_.---- -.........--....--.......... ...... ... ..-.. ,.. Ii 1iItIt...._lIlMIWllNlI..,Io'IIfl...~ ~....................... -..- ..."" ..,.. ......"."'... ............. G111W........ , t6.'IIoo_--......- - lI.__........__..,...-W......AIIri tIl. 1M............. .........____......-Ill............ _lllI.-r ...... .......11I..... ......,It.......,~ 1I....1l4If...........- 110I'II'" o.-.....~........_....... _......... ..........ilI""" --.... ..,...................... ' q. U........,....,a:N.lII.....II!Il-_... -....-..-....llIIO ~"1iII' ._....IftI............III.IhiII..ItItMlIt....".~ I..........-.........~..... ~N er.-ttWl.- ~_.....-ci:-.....- "'lIIll~"'.... t"'!..~..!'!!.'" .....,.. 11"'- ....ol. .1l.......WiIll_ MII_ ~...::r-.........- If""""""" =........"".....P11IlaIlll4,....~ .......,__~__... fIt_.......... IF. .................... .........,. __..............""....11I,..- ,lit ......~....._ t/.....IIoIIIl...tDIIilollllol,.....MII"....... ...,,.. .....IIIliI.................lIlht... 10. M...................................=~ ~~_.. =-=-~:;..,..."'~-=-:..~='~~ "... .&11I"_. __L flM/'I1IlN1J ......1bl1lNY ....MtII11. ~ .. _~_If*'1'III*!IQ 1ftJ"- ..r__ ..,..,.......'.... . ~ alIlI...lIIIIItUIt,iiMI.......--. ....., 10M fhtlDPpIII\1PIlf to 1IIi.., ... ......'....IIll" \0 cao.l"D- ' ....... IIDIIIQ INll'lCIII 1lJt~1_"" "\LCI& ~, ~ ;5/0' v....... ~ a.. ................ - 11ooooi BIA.'1~ See.~' e Ltll........IIIII.... ......J.,~ 96151 39l;;1d WCllIl;;IWB3Wll-i 02:9E898516 1p:p1 5002:/2:0/90 IN WITNESS WHEREOF, the parties hereto have executed this Agreement on ~,$- this S'" day of~. 2009 ~ Date Prop~rty acquisition approved by Bee: March 24,2009. Item 10f AS TO PURCHASER: DA TED:.t!pv1l a 1 ~ iJtXYf I "... . . -t~.':.i" , ATTEST '" ,",,; DWIGHX~'~k~:"clerJ< . (~~~?~. ':,?:~~~~:,~~..;:\~~'''' BOARD OF COUNTY COMMISSIONERS COLLIER UNTI. FLORI,A ~~ Fiala, Chairman .l.- (>1'~or ~ ~ BY; ~ ~ Name: (Print, or Type) Title ~ (Print or Type) R e~ QO'/ 0 If(?~ T er~ Sw) tJap~J fl;. ~n ~ 96/06 39lJd W~lIlJWB3W(}-j 069E898616 1P:V1 6006/60/90 '!'HIS ADDENOUM TO PUACHASIii AGREEMetr (MlIelnaftef raflllred to .. the ".emllt'll") ~ Malll 8f1d .l\l.otOC1lntu &hIa -Ea- (lay of -M~ . 2009, by end ~ U.S. BANJ( NATtONAL ASeocfATlON I' TtP" ....., POOUAlillllO "~l"g Alrtoment: dated'.. of ~pt 1, JIOI Master A".t Bloked howltl.. TAl" 2001 H9 MOnpp .....-Ttl.l1>>l8b c.rtmo.tltS 8erIu 2008 HES c/O Fld4NI~ll.rGIa~ aaphll At.1" &11"', IdO. cIIbM HOI1I.q SC)f'V1M1'I8. whOle mJlllnu eddreu II 1%10 NorthJ.tnd Driv., Sulle 200. M,ndota Hel{lMl, MN &6120 (/IO/'II",,"tf ,.fOl'l'8d to .. "SaIIetj,' and COWER CQUNTV. . PolNNl 8t.lbdlvl"on of tho ,... of Plorlda, III .uvcelecn et1d 888!gne, whee. n.ultlO add.... 11 8301 T~lal'l'll TialI Ea'. Hapleo. PI. 34'1 it ~fIll' ref8tf'td 10 .. "PuJchullf"); WHEftEAs. 36YM Ie ,he OWMr of 1hat oertaln pareel of ,ea1 ~rtv (hefeNftDr re(erro(t to 81 "Propflll'lV". loc;atIId In eouror ~ntf, Stille of FIOI1<la, and ~1l1$I mora pIU1lcuta.,~ deealbed lit fol/DW8: LOT 1". BLOCK 20. CiOl..DEN GATE UNrr 2. ACCORPfNO 10 THE PlAT tHERE.OF. AS RECORDI!D IN PLAT BOOK tJ, i>A.GES 66 TttROUOH 77,.NcLUBIVE. OF THE PU8\..IO RECORDS OF COLLIER COUN'rY. FLORIDA. WHeREAS, S'" d....1 to CMIff'I the PrqJOrty lilt _" 10 P\rChaet tor 1Iw ataled ~l.II'Po"" and pun::h8oGf cle$lfM to ~ the Propert)l' "III Is", on the lerrns and 0CIfld~ eat fonh hereli'l: 8I\d WHEREAS. Pl.l\'tlh8111tl' hi' 4lOrtNKI 10 contpenaate owner for 00I'IWV8nce Of tho Property; NOW TH~fORE. In comslderallon of thelO pnm'II88e. 811 IIIIft'I Iff 1=811 ,.......". ,~.and othor lloocl and Vllluable COIllldcrltlon. the ,.~I .net tOfIIolenoY or ~ Its hClJVbV mutuallY Itcknowledoed. It II IlJftIBd b)' and betw8en tht petUe8 u 1cllowo: t. Setter slid cvnV8)' Uta property to PurohSieer'ila SpooIjl Warranty CrlIed far the 8tIP'I of $lxly ~ Tbotlland P.... <..000, U.S. OuQiltlC)'. peY'ble by (711unly Wlltl'lnt (lNIId traflI8Cdon hotoln...... rvfvttod t.o at! the 1lCIc*ng"). Slid lI~menl thai be full ~1tIItlon for the property oonvoyad. Iffl3/UdIng AI WllfICGplng, tlooe, IIhrUDll, ~, 8I1ci 'bm.lrea IOc8Ied IMteoll. ThJa Ie a cash tranoacllol'l wllt! no ;;,\al fl , GC:riinBerlClM ~ inenclnG. _ N'P. (14 j') . if- I 'e. 2. The C\oeInriI of !he tranIlacQon .Mll be huki on fJl befont foI1~df"d~ fClIlowlno .h2. . UXlIClItion of lhIa AgJewnent by Sthr. "ON CIOlinO ,hall be hold at thlQeIUer ~ ~ ",,~e.~,:,,"=;:':'::::: t~~~=~ ~ =--:: . the futly ~ ~1tOlaI warranty Doad to It10 QhaIcf. PurohllW IlI}a1 be entll/ed '. - J. , lO tuI poeeeallon or the PfOpQlt' at Ol~ Wi ..-c..-+ro.ntrfer- or~fted ~ ~ 3. StIle, .mall t'NP/ei I. marketablCl 00. free of lIlY &m. enoumbraoc:ee. olCCOpllon., or quollflaallon.. Marbl1lble _ :shall be d8*-rm.lnvd t10Q0tdInQ tv 8pi>~ tllLl! , IIandaldS odoPtOd by 1M Fforldl air and ~ .COQfdIrw:Mf With l8w. 4. EllCh J*tv anall be rcIpoNStH fqr the payment 0111 own allo,nctf- toea. Sille" ,I lit lOIe ~ and upenee. ft. pay <<. Clo9if1; III cloeunentarY atamp tQltI duo I'II'-'Ina 10 the reoordl/'lg of the 6poGl8I W..,-anty oeea, In 1ICCO/rJJInGe wltb Chaptor 201.{J 1. J'tolldltl statutes. ..-.d the IlOIt 01 teOOIfIr'Q any lnIIIrumillnt. MOi!III8llY kl cIBat s.nen IIUe to Ih. p~. The 0081 of the Illle COtM'lllment w'the title poJltN &h8II be patd for by the Pute/'ddler. , IS. PlJrcotlaIer ahal pay for tho llo.t at reoordlng Ins 6P8C1Il WM'arlly Peed. RQol property /a)(OI ...... ~ ~ beaed 011 Ihe ~ )'6". laX IlIld paicl by Seller. If .Clollr1g OC(U8 lit a <laIo whloh th. currant yeaI'. mlllaoe Ia l'lollbced. taxea wit be pt'lIMted ba8ed upotl au11hptlOrY1*'8 mIIIIS.' G. AllY IUId .. br~ c;omrnlMlon' or leBa .. be ,be IlOIa 18SpOfl8lbllllV of fI'le Saller. aohr aha. 1nd8mn~ Nchlser 4lfld holel Purnhaaer I'IarmIe.P (tom atld agemt an)" cl8lrn or liability rot comrnteolon cr (/lies b:l any brOllOr OIl tJfYy 0IIl0I' pateCln or pJUtv , '" , ,.. "'-~ ....... ... -, ....-...--.. . PROJECT: ~od S1ablllzallon PrOilr4lm , ADDRESa: 2(MO 4fj'llll'eneea SW FOUO NO: 381440800005 ADO~NOUN 'to pt)RCHA8&. AGfteeMEHT 9(;/1(; 39'Vd WCflI'VwmWOH 0(;9E898616 TP:PT 600(;/(;0/90 AddontfCMn 10 Purcha8e ~nl pallO 2 ' CiIAlmllts 10 ha~ bean engllgod 1W 90111f1" as a f8111 ..cete broker, IEllMman or ,...nt., IQ connoc!lOn with 111'- AgreernenL 7. CanlleVIM1CI of the Ptopeny' by 8el1eI Ia ~ntIn;tnt upon no oIh&r provleJornl, c:ooclIIIanlt. 'or prcmII" 'oiller bin thole 10 atllted lHnIn: and lhe WItUtm A9AJe/1l8l'lt W. 0llII1tIlIIe In8 snllr8 ~ alld lIfIClorolafldl", of tl'l8 partiBll. and thoro CllllllQ OM pdar or wrllbN\ ot GrIll BIll_menta. undtrtalitnQ., promlM6. wariMtlea. 01 ctMll18nla not oontlNcl n.. . .. Thll Jl.eIwltment and tn. PRWl8Ionl hereof IC\8lI bI sJoollvo 1I8 01 tM daSe thI1 Ag/'e8/11CUllle elIllcUed by ~oJl pMIeI and lIhaII M'WI'e to me bonePI oIlWld b. blncllos ~ both pertIn herelo .-1d trIo1r' relpec:M hen. elC8OlJlMI, pOllonal repreMntltI\Iea, AUeIlH8Df't, tuCCI_or lru.... and/or aa.algn8flll, ~er tho oonIHt 10 f'8C:IUIl'CIlI ar -.. t. ,.My ~ to .. Aere_enl ehd not bIncl tnJ or Ih8 f*1Jea I\ot8Of UI1leall lUoh emo~rnonllll In MlIlnCI end ~l8d BIId dated by PII'Clha&ef Md Se"'. AnV ~nt to !hI. ~l8hdl be bkldlna LIllO" PLll'Cl1uet and Witi' .. toOI\ .. It , I\aI bien e>>IOIIl8cl ,,~ IlOth partlea. 10. No w.1WlI' of ~ flIOVllJon, 0111* Agro&mem slid be effeoWe unleea . 11I111 wrltn" Iipd by IhI MtY eo~1Wt Wham It It aIIOItId, and II'tt/ WlMtr of any pralJlalotl of thIe Agl8em8ItIIlhaIl:i'l'tppllcla* otlIY 10 ttIu aplllcllhl hltancO to which It II re/8led Rod aMII tIOf be deemed 10 be . aonunuhI f1/ flINe walv$r II to Such provlllon or I walvor '" lQ any.r prowlIlan. 11. "bit ,AcldqndwlI t.o P\lftlhtMe AIII'Mln4lIlt llJl10ndt JIM ll~lemenb tho CDnIrIQ and, If appbbll. etOlOW 1n81ructJana, In the IIMJl'It 111... " my canftIol belWeen 11\. ~ and tie ConlrlCl 01' lI8C!'OW DlItruotlon$ Of n(lUce 01 other doo\Imentl ~ _nd made ._ of ltIe 8IIf"IDIli belWoon tM potllel. ItIe 1erU18 of IN8 AddondLll'l l8k8 prectd61'1C8 IlI1d ehld pteVd, exc.pt _ ~1Ie pr<Wldod by 8P p/IoIIbfe lIIw. ' 12. Thll ~ Is goyomed end contlNed In ~ with ,1\8 IIwe fA Ihs state of FklIIda. IIol wrrNl!88 WHEREOF$...I\O J)8I'IJee .... ha~. POOlAed ltlla Addencbn 10 e PurchUIJ ~ont OR .. . day of M Of --' 2008 ....~1)1 ~ Da/l PTop8l1f .~ llpplVf'8d by BCC~ March 24, 2000. 1Ie11' 10F f!P BOARD OF COUNTY COMMISSIONERS ,. COUJat fffNrY' FLOR19^ ,., .# BY: ~J ~Il Oon", FIBlII. ChlI/rman 96/Gl 3!:ltld W~lItlWmWOH 069E8986I6 IP:PI 6006/60/90 - 9l/El 39ttd Addendum to PUJQ\1l0. AgnIemont Pegs 3 At'I TO OWNER! Cl\TEO: \ega.I WCllIttWmwOH U... BAt4lC NATIONAL ASSOCIATION .. TnlltM under PooUa'tO .nd 8tMG1f19 ~t cl'.- .. Q' ALltutt ". 2001 ,.,..... j\lMt Baoll1lci atcurUln TI'\lJt 2001 HEf ftIarfItII. p.......hrOlq" ~... ........ tOoe HES do FIdaUtyIBIIl1l18Y' o.pW Real eattlle, ItIC!. dib/a Hontell'Irvlclnll S/5/0~ "';.. _ Vice ~ p ~ eullJett to tfOIIIFA-_~ l".,f TkIe __... ~l9E8986 16 ~~l 600l/(;0/90 REO Tracking System Page 1 of t ROO ContraDl A(!dendllln Addendum fI.2 , Prlnl Page 51< loq , The AddondUm is made II part of the Contract dated e4'~ie89 betw&EII'Iltle undersigned partes CQIloamlng the property 1!11: 2040 48TH TER 9W NAPLES. FL34116 In the event any proviskln of Ihe Addendum oanflicts In whole or In part wIth the terms of the Contract of Sale. thfl provision of !his Addendum shall control. Closing to be on Of "foro 6115/09 SELLER: 'HomEQ Servlcl"9 AS Agent b the Seller BY: Name: 11l1e: _ Vioe P.reaIdePt Dat:{5'~....,~~twf Date Property ucqui:sition approved by Bce: ~rCh~~19~"~9~,, ~'1 _ ~TfP '" ~ .-:-~~> '\ >:.".' :"'.~, L'~{\ ,'~} AUEST: "\ ,<." t :'D~ ',," E:"~Q~. Clerk ..":' !-oI\\ BUY~ .A;'(,est. .!~\., < ,I e ~~).'tw-t, ..'11 . j, ,'I '!', \ .' 'Connection 5tQtus: currently logged In as Solomon Burke since May 05 01:38 AM PST. JRun Server Instanc;e: sacpsm02405-cfmx-reo S~erName:SACPSM02405 BOARD OF COUNlYiMMISSIO, NERS COLLlEH. UNTY, FL IoOA BY; ~ ~ Donn Fiala', Chairman Approved as to form and legal sufficiency: : ~--bW~ Q,A.a.-t. County Attorney http;//c:.fprod.horneqJooaVreo_mxJindex.efm?fe=propcrty.dS]) _ ~dendum2&propert.Y _~"'1... 0510512009 9Z;/pZ; 39\;1d WtllI\;1WB3WCJ1 13Z;9E898616 '[p:pl 61313Z;/Z;13/91a . .._--_._--_.,.._~_...-:..~.._,. .. ,."...-. .....--._.'-,~.........._---'--.,~,---_...__.......- HomEg Servicing ..~."..~~~_.iiiItilIIr.lIO_'~"-' l,.""p-lo\&"J'ADft~COM'~ , J,NDDlo/JdJA*lUMlPND, lJAn'O~la~L. 'I1M~lIliiSlIf~(lIdIIOIII flllllt"*~~..2Gf1=L..... fJJf:,. t?;. ;...;:......&o~ --, ," - rf':"'~,.-: fIIPIIlPlIii*IlI- _ ~~~,__~I!l.l.L-. 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'LI.fL' ~, (I,~ .'uz.,.a- .'\ " '.\'-, i1~ "'." '. ..1 I ,'~' ", BUYER: BOARD OF COUNTY COMMISSIONERS COLLIER OUNTY~LORIDA f'~/J BY: ~ Do Fiala, Chairman Approved il5 to form and legal sufficiency: , , ~--B'D~ o ~ County Attorney PROPERTY ADDRESS: 2040 46lhrerrace SW, Naples, FL 34116 9l/9l 39l;1d W~lI\;;IWf)3WOH 0l9E8986t6 TP:Pt 600l/l0/99 MEMORANDUM Date: April 27, 2009 To: Gary Bigelow Property Acquisition Specialist From: Ann Jennejohn, Deputy Clerk Minutes & Records Department Re: US Bank Seller's Addendum (Farbar Contract) Property Address: 2040 46th Terrace SW Enclosed is the original contract addendum referenced above (Agenda Item #10F) 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 ;-) ,,0 ,.. O( l ! ~ ITEM NO.: Cfl -- ~.vl'- FILE NO.: \) . \ \ r'oo. I ROUTED TO: ""~b"",, I~\ uFFICE OF THE ,. '..nl..'t.ITV!^',TT(l::J~ .C\... '..! \..... '..) \ I ! ',' , -' '~ " DATE RECEIVED: "rrn'~;-''')4 p;'. '):22 ~. .,..: .).. r .:- i I I L,~ REQUEST FOR LEGAL SERVICES DATE: April 24, 2009 TO: OFFICE OF THE COUNTY ATTORNEY RE: L(\2~\O~ C\o'?~ ~L.S ~c-~ ~~~-'L ~ 4PM FILE ~d-n-- ~oc..u",^~ \.uO-h..>, Neighborhood Stabilization Program (NSP) Grant ~a-.~ \ 0'"\.... ,J-C.-~(..)' FARBAR "As Is" Contract for Purchase and Sale 2040 46th Terrace SW FROM: Gary Bigelow Real Property Management BACKGROUND OF REQUEST /PROBLEM: This item was previously submitted as RLS 09-RPR-01718 for approvals of the contract for the acquisition of property at the above captioned address under the Neighborhood Stabilization Program. The selling lender had presented a "F ARBAR" contract and an "Addendum to Real Estate Purchase Contract" for execution by the County. As has become our standard practice, we added our form Addendum in an effort to avoid the Seller's addendum. Your office approved the FARBAR contract and the County Addendum but would not approve the Seller's Addendum. The approved documents were executed by the BCC Chairman and subsequently presented to the Seller. Despite intensive negotiations, the Seller would not accept our submittal. We were emphatically told that the only form of contract that would be acceptable would be the F ARBAR coupled with the Seller's addendum as written, with no changes whatsoever, and that both documents needed to be executed by the County. Weare now re-submitting for your consideration the documents requested by the Seller. Both Real Property Management and the Housing and Human Services Department believe that, as a practical matter, any risks presented by the Seller's addendum are manageable and should be eliminated upon the closing of the transaction, and our advance due diligence and inspection process indicates that any such risks are worth taking in furtherance of the goals of the Neighborhood Stabilization Program, especially in light of the intense competition for qualifying properties in the marketplace of late. We therefore urge you to approve the attached documents so that we can proceed to acquisition. 1-~ c,\H1 ~ + C~& r 7~ 1 \-,,\l\~,>/ "'(Y, ~~I .\\ ~ fC "~41 ~ b.-i'''''' 1'1 J-J,> ~I) a (c \~ \-r')~l\ 5Y~I,('1. --- ATTACHMENTS: (1) FARBAR Contract/Addendum THIS ITEM HAS BEEN PREVIOUSLY SUBMITTED. FILE~-RPR-Ol~ ACTIO (JESTED: Please review, initial, stamp and/or sign where appropriate to facilitate the County's acquisition of this foreclosed property under the NSP grant. Thank you very, very much! Ga~