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Contract for Sale & Purchase MEMORANDUM Date: June 2, 2009 To: Gary Bigelow Property Acquisition Specialist From: Ann Jennejohn, Deputy Clerk Minutes & Records Department Re: "As Is" Sale and Purchase Contract (FAR/BAR) part of the Neighborhood Stabilization Program 3030 Randall Boulevard Enclosed is the original sales contract referenced above (Agenda Item #10F) approved by the Board of County Commissioners on Tuesday, March 24, 2009. After processing please forward a fully executed copy 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 THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS. AND THE FLORIDA BAR lI-hZoI 1* "S~IIer"),?Jx.lt 2* and CaL I R C UNTY, a politica subdivision of trie tate of Florida ("Buyer"), F~~ 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 7* ~. 8" (b) Street address, city, zip, of the Property: 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: Not applicable 12" 13" Items of Personal Property (and leased items, if any) excluded are: Not applicable 14* 15* II. PURCHASE PRICE (U.S. currency): . . . . . . , . . . . . . . . . . . . . . . . . . . . . . . . . . , . . . . . . . . . . . . ' . . . . . . . . , . . . 16 PAYMENT: 17* (a) Deposit held in escrow by STEWART TITLE ("Escrow Agent") in the amount of (checks subject to clearance) 18* Escrow Agent's address: 3936 Tamiami Trail N" Sle A. Naples, FL 34103 Phone: 239-262-2163 1 g" (b) Additional escrow deposit to be made to Escrow Agent within -DiJL days after Effective Date in the amount of. . , . , . . , . . 20* (el Financing in the amount of ("Loan Amount") see Paragraph IV below. , . , . , . . , . . . . . . . . . . , . , . , . . , . . , 21* (d) Other. . . , . . . . , . , , . . . . . . . , . . . . . , , . , . . , . . . . . . . . . . . . . , . , . , . . . . . , . . , . , 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 III. TIME FOR ACCEPTANCE OF OFFER AND COUNTEROFFERSj 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 ~D(h~~.fm~ cnl)r\~offU" ,the deposit(s) will, at Buyer's option, be returned and this offer withdrawn. Unless other- 27 wise stated, tile 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" shall be the date determined above for 30 acceptance of this offer or, if applicable, the final counteroffer. J>ep:>bltc..lve.. wiihin lod~~ ~ e~1ivc.3>cde:' Covn-ttKo<<i 31 IV. FINANCING: ,....~ o.Y\'t AJcleYclci..:submdk.d q:fte,-el'mln'JI4....1'~ 32" . (a) This is a cash transaction with no contingencies for financing; ,.......... 1 33" 0 (b) This Contract is contingent on Buyer obtaining written loan commitment which confirms underwriting loan approval for a loan to purchase J> F_ 34" the Property ("Loan Approval") within _ days (if blank. then 30 days) after Effective Date ("Loan Approval Date") for (CHECK ONLY H 35" ONE): 0 a fixed; 0 an adjustable; or 0 a fixed or adjustable rate loan, in the Loan Amount (See Paragraph 1I.(c)) at an initial interest rate not to 36* exceed 'Yo, 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 Seller, Seller's attorney, 41 real estate licensee(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 Closing. Seller's Cancellation Notice shall 44 notify Buyer that Buyer has three (3) days to deliver to Seller written notice waiving this Rnancing 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 deposit(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 failure to close is due to: (l) Seiler'S failure or refusal to close or Seller otherwise fails to meet the terms of the Contract, or (iO 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 deposit(s) shall be 50 retumed to Buyer. 51 * 0 (c) Assumption of existing mortgage (see rider for terms); or 52" 0 (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 commitment with legible copies of instruments listed as 54 exceptions attached thereto ("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): 0 (1) Seller, at Seller's expense and delivered to Buyer or Buyer's attorney; or 56* ~ (2) Buyer at Buyer's expense. 57* (CHECK HERE): :J If an abstract of title is to be furnished instead of title insurance, and attach rider for terms. . . 'Dc.\..~ 58* VI. CLOSING DATE: This transaction shall be closed and the closing documents delivered on 4Sdu..ys ~ 8kdi-.t("Closlng"). 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: 0) restoration of utilities and other services essential to Closing, and 00 availability of Hazard, Wind, Flood, or Homeowners'....1L(.. 61' insurance. If such conditio~s 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 @ 2007 Florida Association of RlAUOHs~ and The Florida Bar All Rights Reserved Page 1 of 5 $--OO{ '1Y) $-\ } (~'(). $ $ $ $ ~q/tr.). 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 plat 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 iines); taxes for year of Closing and subsequent years: and assumed mortgages and purchase money mortgages, if any (if additional items, see 67* addendum); provided, that there exists at Closing no violation of the foregoing and none prevent use of the Property for NEIGHBORHOOD 68* STABILIZATION PROGRAM purpose(s). 69 VIII. OCCUPANCY: Seller shall deliver occupancy of Property to Buyer at time of Closing unless otherwise stated herein. If Property 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 assumes all risks of loss to Property from date of occupancy, shall be responsible and liable 72 for maintenance from that date, and shall be deemed to have accepted Property in its existing condition as of time of taking occupancy. 73 IX. TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions, riders and addenda shall control all printed pro- 74 visions of this Contract in conflict with them. 75* X. ASSIGNABILITY: (CHECK ONLY ONE): Buyer 0 may assign and thereby be released from any further liability under this Contract; :J may 76" assign but not be released from liability under this Contract; or I!iI may not assign this Contract. 77 XI. DISCLOSURES: 78 (a) The Property may be subject to unpaid special assessment Iien(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: i!I by Seller 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 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 Florida 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. 90 (~ 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 TION/COMMUNITY DISCLOSURE. 93 (h) PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON ll-iE SELLER'S CURRENT PROPERTY TAXES AS ll-iE AMOUNT 94 OF PROPERTY TAXES THAT ll-iE BUYER MAY BE OBLIGATED TO PAY IN ll-iE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OINNER- 95 SHIP OR PROPERTY IMPROVEMENTS TRIGGERS REASSESSMENTS OF ll-iE PROPERTY THAT COULD RESULT IN HIGHER PROPERTY TAXES. 96 IF YOU HAVE ANY QUESTlONS CONCERNING VALUATlON, CONTACT ll-iE COUNTY PROPERTY APPRAISER'S OFFICE FOR I NFORMATl ON. 97 XII. MAXIMUM REPAIR COSTS: DELETED 98" XIII. HOME WARRANTY: ::J Seller 0 Buyer @!I N/A will pay for a home warranty plan issued by 99" at a cost not to exceed $ U.uu 100* XIV. INSPECTION PERIOD AND RIGHT TO CANCEL: (a) Buyer shall have ~ 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 1 02 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 Seller prior to the expiration of the Inspection Period. If Buyer timely 1 06 cancels this Contract, the deposit(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, building, 109 environmental, and safety codes, restrictions or requirements and shall be responsible for any and all repairs and improvements 11 0 required by Buyer's lender. 111 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 0 HOMEOWNERS' ASSN. IA LEAD-BASED PAINT 0 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): SELLER AGREES TO EXECUTE BUYER'S FORMS GAP AFFIDAVIT. PUBLIC DISCLOSURE 115* AFFIDAVIT, SPECIAL WARRANTY DEED AND SUBSTITUTE W-9. SELLER WILL DELIVER THE COMPLETED AND 116" SIGNED W-9 TO BUYER SIMULTANEOUSLY WITH THE SIGNED CONTRACT. 117* 118" SELLER WARRANTS PROPERTY IS VACANT AND SHALL REMAIN SO THROUGH CLOSING TO COMPLY WITH THE REQUIREMENTS OF THE 119* NEIGHBORHOOD STABILIZATiON PROGRAM. 120* 121* 122* 123* 124* 125. STANDARDS B, F AND Y ARE DELETED. DUE TO BUYER BEING A COUNTY GOVERNMENTAL ENTiTY WITH SPECIFIC GUIDELINES AND PROCEDURES, SELLER ACKNOWLEDGES THAT STANDARD S is HEREBY DELETED. 126 XVI. "AS 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. FAR/BAR ASIS-2 Rev 9;07 !1;) 2007 Florida Association of RfALTORS~ and The Florida Bar All Rights Reserved Page 2 of 5 128 THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, 129 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. Terms and conditions should be negotiated based upon the respective interests, objectives and bargaining 133 positions of all interested persons. 134 AN ASTERISK(') FOLLOWING A LINE NUMBER IN THE MARGIN INDICATES THE LINE CONTAINS A BLANK TO BE COMPLETED. 135" 'Bu.'Iel ~~nQ.torf' ~doL.V 136 (BUY 137* 138 (BUYER) (DATE) 139" Buyers' address for purposes of notice Real Property Manaqe 140* 3301 Tamiami Trail East, Bldq. W, Naples. FL 141* (239) 252-8991 Phone Phone 142 BROKERS: The brokers (including cooperating brokers, if any) named below are the only brokers entitled to compensation in connection with 143 this Contract: 144* Name: 145 (SELLER) (DATE) (SELLER) Sellers' address for purposes of notice (DATE) Cooperating Brokers, if any Listing Broker Date Property acquisition approved by BCC: March 24 09, Item 10F DATED: O~7 BUYER: ... 'j r, ATTEST: ,:;."" ". .~> DWIGHT-.t B~C5CJ<. Gletk",' (~ . .' c .' . :'.' ,) ( . BOARD OF COUNTY COMMISSIONERS COLLIE OUNTY, FL"8IDA ~4~ a Fiala, Chairman \ " Approved as to. form and legal sufficiency: ~i)~~ ~. County Attorney PROPERTY ADDRESS: ~=y-y ~l tt\ckllL ~\l ~Yl ~ l1., \t _ ~IJ.() FAR/BAR ASIS-2 Rev, 9/07 <<;) 2007 Florida Association of RCALlOKS. and The Florida Bar All Rights Reserved Page 3 of 5 146 147 148 149 150 151 152 153 154 155 156 157 158 r 160 161 162 163 164 165 166 167 "AS IS" STANDARDS FOR REAL ESTATE TRANSACTIONS A. TITLE INSURANCE: The Title Commitment shall be Issued by a Florida licensed title insurer agreeing to Issue Buyer. upon recording of the deed to Buyer, an owner's policy of title Insurance in the amount of the purchase price, Insuring Buyer's marketable title to the Real Property, subject only to matters contained 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- ed by authority of The Florida Bar and In accordance With law, Buyer shall have 5 days from date of receiving the Title Commitment to examine it, and if title is 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 defects, failing which Buyer shall, within 5 days after expiration of the 30 day penod, deliver written notice to Seller either: (1) extending the time for a reason- able period not to exceed 120 days Within which Seller shall use diligent effort to remove the defects: or (2) requesting a refund of deposlt(s) paid which shall be returned 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, use diligent effort to correct defect(s) within the time provided. If, after diligent effort, Seller is unable to timely correct the defects. Buyer shall either waive the 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 Title 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 of receipt to examine same in accordance with this "AS IS" Standard. 30 day in the event of default if a first mortgage and a 15 day grace period if a second or lesser mortgage: shall provide repayment in whole or in part withou all permit aeceleration in event of transfer of the Real Property: shall require all n encumbrances to be kept in good standing: shall forbid modifications re advances under, prior mortgage(s): shall r r to maintain poliCies of insurance containing a standard mortgagee clause covering all improvements loca Real Pro Ire and all perilS included within the term "extended coverage endorsements" and such other nsks and perils as Seller ma r equl , ount equal to their highest insurable value: and the mortgage, note and security agreement shall be otherwise in ontent required by Seller, but Seller may , e clauses and coverage eustomarily found in mort. gages, mortgage notes an greements generally utilized by savings and loan institutions or state or na I located in the county wherein the Real Pro a ed. All Personal Property and leases being conveyed or assigned Will, at Seller's option, be subject to the lien 0 a reement evi- .'0- T2f. 169 170 171 172 173 174 1-;!c 176 177 178 C. SURVEY: Buyer, at Buyer's expense, Within time allowed to deliver eVidence of title and to examine same, may have the Real Property surveyed and certi- fied by a registered Florida surveyor. If the survey discloses encroachments on the Real Property or that Improvements located thereon encroach on setback lines, easements, lands of others or violate any restrictions, Contract covenants or applicable governmental regulations, the same shall eonstltute a title defect. D. WOOD DESTROYING ORGANISMS: DELETED 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 in Paragraph VII hereof and title to the Real Property is insurable in accordanee With "AS IS" Standard A without exception for lack of legal right of access. r I CAOCD. Delle, ~ ,1111 at lea~t HJ eI and duration of the tenalll'" uCCI:tl' r tes, advanced rent and seeurity deposits paid by tenant. If uc etter from each ten- ant, the same Information shall be furnished by Seller to u er orm of a Seller's affidavit, and Buyer may thereafter eontact ten- ant to confirm such infor eases differ materially from Seller's representations, u traet by delivering written ~ior to ClosiAg.-Seller ~haJl, st Cto.lng, d~li\i'ir and g~ii9n all originfilll,Hililii to 8u~'~" . G. LIENS: Seller shall furnish to Buyer at time of Closing an affidavit attesting to the absence, unless otherwise provided for herein, of any financing statement, 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- diately preceding date of Closing. If the Real Property has been improved or repaired within that time, Seller shall deliver releases or waivers of construction liens executed by all general contraetors, subcontractors, suppliers and materialmen in addition to Seller's lien affidaVit setting forth the names of all such gen- eral contractors, subcontractors, suppliers and materialmen. further affirming that all charges for improvements or repairs which could serve as a basis for a construction lien or a claim for damages have been paid or will be paid at the Closing of this Contract. H. PLACE OF CLOSING: Closing shall be held in the county wherein the Real Property is located at the office of the attorney or other closing agent ("Closing Agent") designated by the party paying for title insurance, OF, if AS title iAElLJrGAGG, dOGigAatea~Seller. I. TIME: CeJendar 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- 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 next business day. Time is of the essence in this Contract. J. CLOSING DOCUMENTS: Seller shall furnish the deed, bill of sale, certificate of trtle, construction lien affidavit, owner's possession affidavit, assignments of leas- es, tenant and mortgagee estoppel letters and corrective Instruments. Buyer shall furnish mortgage, mortgage note, security agreement and financing statements. K. EXPENSES: Documentary stamps on the deed and recording of corrective instruments shall be paid by Seller. All costs of Buyer's loan (whether obtained from Seller or third party), including, but not limited to. documentary stamps and intangible tax on the purchase money mortgage and any mortgage assumed, mortgagee title insurance commitment with related fees, and recording of purchase money mortgage, deed and financing statements shall be paid by Buyer. Unless otherwise provided by law or rider to this Contract. charges for related closing serviees, title search, and closing fees (including preparation of closing statement). shall be paid by the party responsible for furnishing the title evidenee in aceordance with Paragraph V. L. PRORATIONS; CREDITS: Taxes. assessments, rent. interest. insurance and other expenses of the Property shall be prorated through the day before Closing. 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 increased or decreased as may be required by prorations to be made through day prior to Closing, or occupancy. if occupancy oceurs before Closing. Advance rent and security deposits will be credited to Buyer. Escrow deposits held by mortgagee will be credited to Seller. Taxes shall be prorated based on the current 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- 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- ment is not available, then taxes will be prorated on prior year's tax. If there are completed improvements on the Real Property by January 1 st of year of Closing, which improvements were not in existenee on January 1 st of prior year. then taxes shall be prorated based upon prior year's millage and at an equitable assess- ment to be agreed upcn between the parties; failing which, request shall be made to the County Property Appraiser for an informal assessment taking into account available exemptions. A tax proration based on an estimate shall, at request of either party, be readjusted upon receipt of current year's tax bill. M. (RESERVED - purposely left blank) N. INSPECTION AND REPAIR: DELETED O. RISK OF LOSS: If, after the Effective Date, the Property is damaged by fire or other casualty ("Casualty Loss") before Closing and cost of restoration (which shall include the cost of pruning or removing damaged treesl does not exceed 1.5% of the Purchase Price. cost of restoration shall be an obligation of Seller and Closing shall proceed pursuant to the terms of this Contract. and if restoration is not eompleted as of Closing, restoration costs will be eserowed at Closing. If 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 depcsit(s) thereby releasing Buyer and Seller from all further obligations under this Contract. Seller's sole obligation with respect to tree damage by easualty or other natu- ral occurrence shall be the cost of pruning or removal. P. CLOSING PROCEDURE: The deed shall be recorded upon clearance of funds. If the title agent insures adverse matters pursuant to Section 627.7841, F,S" as amended, the escrow and closing procedure required by this "AS IS" Standard shall be waived. Unless waived as set fortll above the following pf .J2f. 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 FAR/BAR ASIS-2 Rev. 9/07 @ 2007 Florida Association of REAuoRs" and The Florida Bar All Rights Reserved Page 4 of 5 218 "AS IS" STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED) 219 closing proeedures shall apply: (1) all closing proceeds shall be ~leld 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 defeet: (3) if Seller fails to timely cure the defect, all deposits and closing funds shall, upon 222 written demand by Buyer and within 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 Seiler as to any intervening defeet except as may be available to Buyer by virtue of war- 225 ranties contained in the deed or bill of sale, 226 a, 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 Contraet. 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 tlnue to hold the subJeet matter of the escrow until the parties hereto agree to Its disbursement or until a judgment of a court of competent IUrlsdlction shall 230 determine the rights of the parties, or Agent may deposit same with the elerk of the CIrCUit court having lurisdictlon 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 sueh action, all liability on the part of Agent 232 shall fully 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 ineurred 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 shall 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 "AS IS" Standard, shall include Seller, Buyer and any brokers acting in agency or nonagency 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. 242 Buyer and ep id may be recovered and retained by and for the account of Seller as agreed u on Ii . ,Sl eration for . 243 the exeeution of this Contract and in full selt eme '. on, Bu er ve of all obligations under thiS Contract: or Seller, '.-:;::r 244 at Seller's option, may proeeed in equity to enfor " r IS Con ra . her than failure of Seller to make Seller's title mar- K 245 ketable after al s, neglects or refuses to perform this Contract, Buyer may seek specific performance turn of Buyer's 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 eon text 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 electronic (including "pdf") eopy of this 251 Contract and any signatures hereon shall be eonsidered for all purposes as an original. 252 U. CONVEYANCE: Seller shall convey marketable title to the Real Property by statutory warranty, trustee'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, 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. 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 this Contract shall be valid or binding upon the parties unless in writing and executed by the 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 representation of any type, either express or implied, 259 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 violation; (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 Properly, including, 263 but not limited 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 notice, provide utilities service and aceess 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. 268 under Section 1 0 269 ing the execution of s 0 e ectuate the Exehange, inelud- ~ Exchange and (2) the Closing shall not be ~ 271 Z. BUYER WAIVER OF CLAIMS: Buyer waives any claims against Seller 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 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. FAR/BAR ASIS-2 Rev, 9/07 i1J 2007 FlOrida Association of RCAuoHs" and The Florida Bar All Rights Reserved Page 5 of 5 ". .. 9ifj;! CoU"tJ.ty Vendor Information Substitute W - 9 Form In aa::ordance with the Internal Revenue. Service regulations, Collier County " required to collect the following information for tax reporting purposes from Individual. and companies who do business with the County (Including sodeI security numbers If used by the Individual or company for tax reporting PUtp088S). Florida Statute 119.071(5) requires that the county noUfy you in writing of the reason for collecting this Information, which Will be used for no other purpose than herein stated. PIe8.. complete all information that applies to your bualness and retum via email to the address below. Prompt return of Informatlon win facilitate timely payment for good' and services provided to the County, 1. Generallnfonnatlon ~/~ IIJ~"'TIJ-rIZ>~ - OVJtJf31LoF /2ecZ;IL\) Taxpayer Name (as shown on incomIJ tlJx return) Bu8lnesa Name (If dJfIrJtent from /axplIyer name) Address City State ~ Tele~ FAX Emd Order Inforrndon: _ Same sa above, RMlIt I Payment InformatJon: _ Same .s above, or or Address Addnt8s City State ZIp City State Z" FAX FAX Emd Emall 2. ComPII"Y Statue (check only one) 0 Individual I Sole Proptelor I 0 Corporation 10 Partnerahlp 0 Tax Ex~ (Federal Income Iax.-empt enllty 0 UmIted LIability ~ny under Intemal Rt!Y8nU8 SeIvIce guldellnes IRC 501 (e) 3) Enter the tax ~lftcatlon (D · Dl8t8aarded Enfitv. C = . p = P8rtnershIDJ 3. Taxpllyer Identification Number (for tax reporling purposes only) Social SecurIIy Number (SSN) --- - -- ---- OR Federal Tax Identitk:atlon Number (TIN) -- ------- 4. Sign and Date Fonn Cer1lftc8t1on: Under penalties of perjury, I C8ItIfy thlIt the infbnnatJon shawn 01/ thiB foIm Ia COtTfI(;t to my 107owIecIgs. Signature Date rltle Phone Number -.. - v".a;:::r= REQUEST FOR TAXPAYER IDENTIFICATION NUMBER AND CERTIFICATION .~.._-- -""""--~~""- . -, ~ '?c1lJ:;:-r: Cou~ty Vendor Infonnation Substitute W - 9 Fonn REQUEST FOR TAXPAYER IDENTIFICATION NUMBER AND CERTIFICATION In accordance with the Internal Revenue Service regulations, Collier County I. required to collect the following information for tax reporting purposes from individuals and companies who do buslneM with the County (Including social sec::urity numbers if used by the Individual or company for tax reporting purposes). Florida Statute 119.071 (5) requires that the county notify you In writing of the reason for collecting this Information, which will be used for no other purpoee than herein atated.Pleese complete al information !her applies to your business and retum via email to the address below. Prompt return of Information will facilitate timely payment for goOds and services provided to the County. Ii IL€- COtV\PAvJ4 E+cx.-bt,.)~ e-~,J 1. Generallnfonnatlon /'" Taxpayer Name (ss shown on income tax retum) Business Name (If difffJlvnt from taxpayer f/BI'fIfJ) Adchsa City ~ State Tele~ FAX Ema. Order Infonnrion: or - Same as ebcM, RMlIt I Pilyment Information: _ Seme .. above, or AddresI City FAX Emall State ZIp Adchae City FAX Erne. State z" 2. Company Statu. (check only one) o Individual! Sole PropI'1eIDr 0 Col'pOflltion o Pertnershlp o Tex Exempt (Federellncome tax-exempt enlIty 0 I..Imfted liability ~ny under Internal Revenue SeIVlce guldeflne8 IRC 501 ee) 3) 3. TUpllyer Identification Number (for tax reporling puI'pOtJ68 only) SocIal Securtty Number (SSN) --- ------ OR Federal Tax kfentltk:ation Number (TIN) -- ------- 4. SIgn and Dabt Fonn ClN1lflclltlon: Under penalties of perjury, 'C8ftIfy that the irrformBtJon shawn on this fonn is ~ to my knowiedge. Signature Date rdJe Phone Number v..~= Book 4380 - Page 2356 dt. . . IN THE CIRCUIT COURT OF THE TWENTIETH JUDICIAL CIRCUIT IN AND FOR COLLIER COUNTY, FLORIDA DEUTSCHE BANK NATIONAL TRUST COMPANY AS TRUSTEE, Plaintifils) Vs. CASE NO, 08-1019-CA-01 MOlSES GONZALEZ; THE UNKNOWN SPOUSE OF MOISES GONZALEZ; MORTGAGE ELECTRONIC REGISTRATION SYSTEMS, INC. AS NOMINEE FOR FREMONT INVESTMENT & LOAN; MARIA GONZALEZ; ANY AND ALL UNKNOWN PARTIES CLAIMING BY, THROUGH, UNDER, AND AGAINST THE HEREIN NAMED INDIVIDUAL DEFENDANT(S) WHO ARE NOT KNOWN TO BE DEAD OR ALIVE, WHETHER SAID UNKNOWN PARTIES MA Y CLAIM AN INTEREST AS SPOUSES, HEIRS, DEVISEES, GRANTEES, OR OTHER CLAIMANTS; TENANT iiI, TENANT #2, . TENANT #3, and TENANT 1#4 the names being fictitious to account for parties in possession Defendant(s) 4192354 OR: 4380 PG: 2356 ueOIDID 18 omelU UCOIN of COLLI" ~. rL 07lH/2001 at 03:UPIl DfIGB! I, 11OCI. CLlU COil 100.10 UC m IU' IIDIllIG 1. It lKle. . 11 . TI IIU: mIL ) F ~ i '2 I ~ f: M. sto4ial ~ l::j Fned la!C~ ::Do . c::z: 1 :::: iii? :;:, VI Q ("') '. '..... ,- :;:.r .-1""1 :;:0 ~'1t .,~ ;::Jw n :;;;;J a > CERTIFICATE OF TITLE The undersigned, DWIGHT E. BROCK, Clerk of the Circuit Court, certifies that he executed and filed a Certificate of Sale in this action on July 10,2008, for the: property described herein, and that no objections to the sale have been filed within the time allowed for filing objections. The following property in Collier County, Florida: THE WEST 75.00 FEET OF THE EAST 150,00 FEET OF TRACT 113, GOLDEN GATE EST A TES, UNIT NO. 69, ACCORDING TO THE PI.AT THEREOF, AS RECORDED IN PLAT BOOK 7 AT PAGE 65. OF THE PUBLIC RECORDS Of COLLIER COUNTY, FLORIDA. AfKJA 3030 RANDALL BOULEVARD: NAPLES. FLORIDA 34120-5503 was sold to Deutsche Bank National Trust Company as Trustee. under Pooling and Servicing Agreement Dated as of November I, 2006 Securitized Asset Backed Receivable LLC Trust 2006-FR4 Mortgage Pass- Through Certificates Series 2oo6-FR4, clo Ban:lays Capital Real Estate Inc. dba HomEq Servicing, 4837 Wall Avenue, Suite 200, North Highlands. CA 95660. Bid Amount: $ I 00.00 http://www.collierappraiser.com/viewer/lmage.asp ?Percent=&ImageID=4663 44 Page 1 of 1 5/21/2009 Details ISIII Property Record Aerial Sketches ~ Parcel No.1140242880006 Trim Notices Current Ownership Property Addressll3030 RANDALL BLVD DEUTSCHE BANK NA TL TRUST CO TR BARCLAYS CAPITAL REALEST INC 4837 WATT AVE STE 200 NORTH HIGHLANDS State I CA GOLDEN GATE EST UNIT 69 W 75FT OF E 150FT OF TR 113 Section 19 Township 48 Range 28 Acres 1.17 347200 1 GOLDEN GATE EST UNIT 69 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 $ 64,350.00 I (+) Improved Value $117,971.00 I (=) Just Value $ 182,321.00 I I (-) SOH Exempt Value $ 0.00 (=) Assessed Value $182,321.00 (-) Homestead and other Exempt Value $ 0.00 I (=) Taxable Value I $ 182,321.00 SOH = "Save Our Homes" exempt value due to cap on assessment increases. - Date o 06 / 2006 05 / 2005 06 / 2003 05/1995 The Information is Updated Weekly. Map No. 3D19 -1J Millage Area 138 I ~ Page 1 of I ZiPI 95660 - 5108 Strap No. 347200 11303D19 -1J MilWm 11.5439 Latest Sales History Book - Page 4380 - 2356 4051 - 2253 3793 . 550 3315 - 843 2060_-1332 http://www.collierappraiser.com/RecordDetail.asp ?Map=&F olioID=000004024 2880006 Amount I $ 100.00 $ 365,000.00 $ 233,000.00 $ 159,500,00 $ 5,500.00 5/21/2009 Print Map Page 1 of 1 Pate.-f. SiJbdlyjsJ~ns .....laI. 2lIOI(6 Inch Uroanl .....laI. 2001(2 FeeT} 8uUd'nt 'ootprlnts C.oltlet' County Falla Number: 40242880006 Name: DEUTSCHE BANK NATL TRUST CO TR Street# & Name: 3030 RANDALL BLVD Legal Oescrlptlon: GOLDEN GATE EST UNIT 69 W 75FT OF E 150FT OF TR 113 lC) 2004. Collier County Property Appraiser. \Nhile the Collier County Property Appraiser is committed to providing the most accurate and up-to~date information, no warranties expressed or implied are provided for the data herein, its use, or its interpretation http://maps.collierappraiser . com/we bmap/mapprint.aspx?ti tle~&orie!lt= !::ANDSC~~~~~~~::__ 5/~_!L~909