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Addendum #1 PROPERTY ADDRESS: 2545 45th Ave NE, Naples, FL 34120 ADDENDUM ~ THIS ADDENDUM is entered into this 8. day of ~ 2009, by and between RCS REO I, LLC (Seller), and COLLIER COUNTY, a political subdivision of the State of Florida (Buyer). Buyer and Seller entered into that certain Agreement for Sale and Purchase dated May 4, 2009 (the "Agreement''). Subsequent to entering into the Agreement and pursuant to provisions of the Agreement, Buyer and Seller wish to append the Agreement with the following additional terms and conditions: 1. The closing date shall be extended to July 21, 2009 to meet the NSP guidelines of 90 day vacancy. There will be no associated penalties for said extension. 2. The deposit will be paid by July 8 dependent on Collier County getting the requested signed and initialed documents back by June 30. Except as expressly provided herein, the Agreement between the Buyer and the Seller remains in full force and effect according to the terms and conditions contained therein, and said terms and conditions 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. Date Property acquisition approved by BCC: March 2U009, Item lOF DATED: ~J 0\'1 '-.. ~1 " ,} . -r'lo" ',:' "'I':\.!!J ATT~~,>;'.~-",;,~': u.~ DvyiGHT E. BRQC~"SI~.rk ~.:..., ~'., . ....'; .....'.:S;.... . . ".. <'.',', ,,...., . .~. .:', 1 0- c _ , .. " . , Clerk ....... .~,' ,.." . " .' ~,lI. '/: ..,... "''''''J'' '1 , ~ I; '1 1\ J' ,'S BUYER: BOARDlft. UNTY COM.~:S10NERS COLUE ~ORI~~ BY: Donna Fiala, Chairman SELLER: d'l By: : Print: Title: ator Approved as to form and legal sufficiency: ~i)~~ O~ounty Attorney