Addendum #1
07/02/2009 13:49
8059559294
PAGE 01/01
PROPERTY ADDRESS: 4040 31st Avenue NE, Naples, FL 34120
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ADDENDUM
THIS ADDENDUM is entered into effective as of the 2nd day of July, 2009, by and between
Lasalle Bank National Association, as Trustee for certificate holders of Bear Sterns Asset Backed
Securities I L.LC., asset backed certifICates, series 2006-HElO, Seller, and COLUER COUNTY, a
political subdivision of the State of Florida, Buyer. Buyer and Seller entered into that certain
Agreement for sale and Purchase and Addenda dated April 29, 2009 (the "Agreement").
Subsequent to entering into the Agreement and pursuant to provision of the Agreement, Buyer
and Seller wish to amend the Agreement with the follOWing terms and conditions:
1. Paragraph III( a) shall reflect that time for acceptance of offer is etfectlve
as of April 29, 2009.
2. On Page 3 of 5 of the "As Is" Contract for Sale "nd Purchase at lines
139, 149 and 141, the parties aCknowledge that the addresses and phone numbers for
the respective parties should be:
SELLER:
LaSalle Bank National Association, as Trustee
C!O FidelitylEMC Mortgage Corp.
800 Stat" Highway 121 BYP
LewisviUe, TX 75067
(80S) 955-9160
BUYER:
Collier County
3301 T~ami Trail East
Naples, Florida 34112
(239) 252-8991
3. The EMC Addendum to Contract of Sale should reflect that the Seller is
EMC Mortgage Corporation, as Attomey in Fact for LaSalle National Bank AssOCiation, as
Trustee for certificate holders of Bear Stems As5et BaCked Securities I L.L.C., asset
backed certificates, series 2006-HE10.
4. Paragraph 4 of the EMC Addendum to Contract of Sale is hereby deleted
as it deals with finandng and this is an all cash transaction.
5. Paragraph 5 at line 2 should read that Seller's responsibilities for any
repairs should be zero dollars ($0).
6. The parties hereby agree that Closing shall be effective as of July 2,
2009, by what is commonly referred to as a "dry dosing" wherein documents are
exchanged and funds are disbursed no later than July 8, 2009.
Except as expressly provided herein, the Agreement between the Buyer and the Seiter
remain in full force and effect according to the terms and conditions contained therein, and said
terms and coflditions are applicable heretO except as expressly provided otherwise herein.
IN WITNESS WHEREOF, the Buyer and seller have hereto executed this Addendum the
day and year first above written.
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BUYER:
BOARD OF COUNn' COMMISSIONERS
COLU UNTY,FLORIDA
BY:
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Print: \ \ \.e-~~\\~
Title: ( \ K
'Approved as to form and
'legal suffidency:
Jenn~~~\~~
Assistant County Attorney