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Second Addendum to As Is Contract #1 Neighborhood Stabilization Program Property Address: 3420 24'h Avenue NE, Naples, FL 34120 Folio No. 40356240008 THIS ADDENDUM is entered into by and between DEUTSCHE BANK TRUST COMPANY AMERICAS, AS INDENTURE TRUSTEE FOR SAXON ASSET SECURITIES TRUST 2004-2, by Saxon Mortgage Services, Inc. its Attorney-in-Fact, Seller, and COLLIER COUNTY, a Political Subdivision of the State of Florida, Buyer. Buyer and Seller have entered into that certain "As Is" Contract for Sale and Purchase ("Contract"), and Counterproposal to Purchase and Sale Agreement (hereinafter retilled "First Addendum to "As Is" Contract for Sale and Purchase")("First Addendum") concerning the property at 3420 24'h Avenue NE, Naples, FL 34120, both dated of even date herewith, and Buyer and Seller wish to amend the foregoing with the following additional terms and conditions: SECOND ADDENDUM TO "AS IS" CONTRACT FOR SALE AND PURCHASE BETWEEN THE UNDERSIGNED PARTIES CONCERNING THE PROPERTY AT 3420 24th AVENUE NE. NAPLES. FL 34120 1. The Contract and Counterproposal to Sale and Purchase (hereinafter retitled and referred to as "First Addendum"), and this Second Addendum to "As Is" Contract for Sale and Purchase ("Second Addendum") shall, collectively, constitute the "Agreement" between the parties, which Agreement shall only be effective upon the execution of all three referenced documents by both parties. BUYER'S ACCEPTANCE OF THE CONTRACT, THE FIRST ADDENDUM, AND THE SECOND ADDENDUM IS CONTINGENT UPON SELLER'S ACCEPTANCE OF THE CONTRACT, THE FIRST ADDENDUM, AND THIS SECOND ADDENDUM. TIME IS OF THE ESSENCE, AND THE TIME FOR ACCEPTANCE FOR THE "AGREEMENT" SHALL BE WITHIN TWO (2) BUSINESS DAYS FOLLOWING SElLER'S RECEIPT OF THE ENTIRE "AGREEMENT" 2. The Counterproposal to Sale and Purchase is hereby retitled "First Addendum to "As Is" Contract for Sale and Purchase", and all references to "Counterproposal" throughout the document are revised to read "First Addendum". 3. The first paragraph of the First Addendum is revised to reflect that the First Addendum is dated of even date herewith, and that the "Seller" is Deutsche Bank Trust Company Americas, as Indenture Trustee for Saxon Asset Securities Trust 2004-2 by Saxon Mortgage Services, Inc., its Attorney in Fact. 4. The purchase price shall be $57,800.00 5. The earnest money deposit shall be $3,000.00, and the Agreement is revised to reflect that the earnest money deposit will be held by the Closing Agent, as defined, and will be paid within fifteen (15) days following Buyer's receipt of the fully executed Agreement package. 6. The bolded proviSion in the PRICE section on Page 1 of the First Addendum that reads: "NOTWITHSTANDING CUSTOMARY PRACTICES OR ANY PROVISION OF THE CONTRACT TO THE CONTRARY, UNLESS OTHERWISE PROVIDED IN THIS COUNTERPROPOSAL OR REQUIRED BY ,APLLlCABLE LAW, THE EARNEST MONEY SHALL BE NON-REFUNDABLE" is deleted in its entirety. 7. The SELLER CONCESSIONS section on Page 1 of the First Addendum is not applicable and is deleted in its entirety. 8. The closing date shall be February 26, 2010, and the First Addendum is revised accordingly. 9. Paragraph 1 of the First Addendum is revised to reflect that a Special Warranty Deed shall be the only acceptable method of transfer and conveyance. vacant. 10. Paragraph 5 of the First Addendum is revised to include that Seller warrants that the property is 11. Paragraph 7 of the First Addendum is revised to reflect that Code liens, if any, arising prior to Closing are the responsibility of the Seller. Page II Neighborhood Stabilization Program Property Address: 3420 241h Avenue NE, Naples, Fl 34120 Folio No: 40356240008 12. Paragraph 10 (B) of the First Addendum is not applicable and is deleted in its entirety, and any requirements for initials in Paragraph 10 are waived. 13 Paragraph 12 of the First Addendum is revised to reflect that $0.00 per diem fee shall be payable for each day the Closing is so extended. 14. Paragraph 14 of the First Addendum is revised to reflect that Buyer shall be responsible for the date of Closing for all purposes of proration. 15. Paragraph 15 of the First Addendum is not applicable and is deleted in its entirety. 16. Paragraph 16 of the First Addendum is revised to reflect that Seller shall provide title insurance, and the provisions of Paragraph 16 requiring that Seller's and Buyer's title insurance providers' information be provided is deleted, and any requirements for initials are waived. 17. Paragraph 18 of the First Addendum is deleted in its entirety. 18 Paragraph 19 of the First Addendum is deleted in its entirety. 19. Any and all requirements for Buyer and Broker signatures to Paragraph 20 of the First Addendum are waived. 20. Paragraph 21 of the First Addendum is revised to reflect that Seller may not assign or transfer the Contract without Buyer's approval. 21. Paragraph 26 of the First Addendum is deleted in its entirety. 22. The notation "See Substitute Execution Page" on Page 8 of the First Addendum is acceptable, and any requirements for initials are waived. 23. Buyer's acknowledgement in the lead-Based Paint Disclosure Addendum is revised to reflect that Buyer waives the lead-Based Paint inspection period, and all requirements for initials are waived. 24. The notation "See Substitute Execution Page" on Page 10 at the end of the lead-Based Paint Disclosure Addendum is acceptable, and any requirements for initials or signatures by Seller's or Buyer's agents are waived. 25. Any and all requirement for Buyer's and Seller's initials on Pages 1 through 10 of the First .'\ddendum are waived. 26. All revisions to the First Addendum made in this Second Addendum shall govern, and the First Addendum is revised accordingly. 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. Page I 2 Neighborhood Stabilization Program Property Address: 3420 24th Avenue NE, Naples, FL 34120 I'"olio No.: 40356240008 IN WITNESS WHEREOF, the Buyer and Seller have hereto executed this First Addendum, as of the dates hereinafter stated. Date property acquisition approved by BCC: October 27 [0[t-1ll"P016(D)8 ::JATED -I II " '. ,(, BUYER: BOARD OF CO ~ COMMISSION, ,ERS COLLIER CO , FLORIDA / '.. . "j:'-1-;i BY: ''- "( ,,,,,?",~_, :~-y f '~~'f(( , Chairman , ArrEST . DWIGH1' E ElRO<{K, Clerk DATED: SELLER: Deutsche Bank Trust Company Americas, as Indenture Trustee for Saxon Asset Securities Trust 2004-02 by Saxon Mortgage Services, Inc., its Attorney-in-Fact BY: PRINT NAME Its Assistant Vice President (Xjai:t: Me, Assistant County Attorney Page I 3 THIS DOCUMENT HAS IMPORTANT LEGAL COi'iSEQUE"ICES A"IID THE PAI~T/ES SHOULD CONSUL T LEGAL, TAX, OR OTHER PROFESSIONAL COUi'iSEL BEFORE SIG"IIING. ['his CllunLerrropo:.al to Pur.:hasl: atlu Sale i\gn..'cmcnL ("Colmlerpropusal"') J.Jl1cnus. mudilh.'s. rc\.iscs. anJ is inL'(Jrp()r~jtL'J fur all purroses intll tilt; proposed purchase and -;ale agreement nf COlHract (together \vith any allaehmelllS Of iJdJcllua [hereto. "Contract") da<cd 12131/09 between Saxon Mortgaga Serv"e, loe ("Sellcr") and COLLIER COUNTY COLLIER COUN ("IJU)cr"') ,'dating to tbe sale and purebase orlhe rollowing described reul property ("Transaction") lueated in COLLIER Counly, f'L othcf\visL' kl1\)\\ JS 3420 24TH AVE NE NAPLES FL 34120 It\) 'dhlT II.jlh an inl!?r!I\ ',,'1 lll'J) Ls LI1<...'n,'pl1, nIJrn)lL'rt) u). Counterpl"Oposal to Purchase and Sale Agreement Sl' lieI' ,~Ild Bu; LT J,~n:\.: ~IS i, 11 Im\,~ . PRICE: The "Pllrch~lSL: Pril.,:e" >,11;.111 he.'1i :"/800 'j',drnl.'sl \l1lll1.:,\ . illlhe dlnIJLlJi! or"!; 3000 I" .Ju~ upon Buyer's ,H;(;\:pl<.HH.'1' of this COlllltl:rprOposuJ unu is 10 bl: hdJ h) F~lrnL'Sl ,\J;lllL'.\ .'ilwll be in a I'orm u(),.:epLloJe to Seller, including certifieJ lUl1us, cashiers anu lellers checks, ilnd money orul'IY e.L"h is unaccc'ptabk. NOTWITHSTANDING CUSTOMARY I'RACTlCES Oil ANY 1'1l0YISIOili OF THE CONTRACT TO 1'111' CONTIlARY. l:NLESS OTHERWISE 1'1l0VlDED 1.'1 TillS C<lL'NTERI'1l0I'OSAL OR IlEVUIIlED BY APPLICABLE LAW. TIlE EAR\EST MONEY SII:IU. III' NO\-IlEFlNDAIILE. In Ihe l', ent the C(ll1tr'<ll.:l llr this CuunLerpropusaJ provides 1{1I' tl1<.: n:IL'asc nr the 1':~lfI1L'Sl \-lml\,.') 10 "l'lkr. e:wc:.tlillt! III lhi", CoUnleTI,r"po,,,' h, Ilu) er ",II,ene as a written rekase, "nu the onl.' relea" ncw",,,'). Ii,r the ",m" ''''''pa'',' ", closing dgelll Lo inlllll:Ji.Hcly reledse lhl' hll'lll'",[ ,Vlllney as slIch to Se/ILT. . SELLEIl (O:\CESSIONS: Clusing Lusts (Ilot Ll) 1'.\(;l..:l'U); Selkr-p..llu Repairs ("'I..:\: be/un); l~eIlJ\:r Requirt'u Rqxlirs: I 11l1llt'ov"l1ers Warrant) Am(lunt: Otl1\.'r s 0 ~ ~ S $ IrScJkr has ugrc.:eJ to pay lor the cost orany rqxl.irs ("Scllt:r~puid Repairs"). Selin sh;Jll caUSl' sueh S(.'ller-paiJ I'cp:lirs to he lllill.k by contractors ucsignutcd and approveu b) SelicI' prior to thl' tim!.: the Tnlmactiun is closed ("ClilSillg"J. III the event Closing docs not occur, RUler \\,ill be responsibk It)f an) l,.'osts Buyl'/' has illL'lIITl'd in l'ollnl.:clion \\ ilh this C>nLm\:t. Closing (;osLs puiJ hy Sl:ller \\iJl be raiJ <iL Closing :.mJ must ill' 11;JSeJ llll ~ICtll:J.1. spe(;ilil'u dosing lU"bo .\1 { -iu:->ing.. '-'dIe!" "ll:IIJ Pd,\ I;w the toll'J\\int! [1\.'illml'llls :lI1d rl'p:lirs. il ,1Il; . CLOSI:\G: Ill..: ('losing sl1:i11 he 011 ur neJ"uJ"e 02 1ti 20iO I 'ol'Jllsing lJatl'''j, I ill' oOlJdsillg ,\gel1t'. II ill be North American Title Companv-Florida or Buyer s [Itle in::.urJl1l'C pr\l\-ickr indkdled in pur:l.gr,lph 16 hl'ill\\ TI.~IE IS OF THE ESSE'KE IN TIllS CONTRACT, 1.\ nil' EVENT A,\Y PROVISION OF IlIlS COlJ.\TEIlI'1l01'0S.IL CONFLICT 1,\ YYIfOLE OR 1.\ PAIn WITlI I. HE: TFIHIS 01'1 fiE CO\IRICT. TIfE 1'1l0~ISIO,.\S OF TfllS COl,\TEllI'IWI'OSAL WILL CO\nWL EXCEPT TO TIlE EX Il:.xr SICIf 1'llOVISIONS OF TIfIS COlI\TERl'llOI'OS.\L AilE CONTRIIlY TO A.\Y .II'I'I./CIIII.E LIWS. IH'I.ES. Oil IlFGII.-\ nONS I'.AI'I'I./CIIJLF LAW.." 1.\ WIIIClJ elSE THE CONTRICT SIfAI.L GOn:ll' ONL\ 1.0 TIlE LI~HIl:J) F.-':TI:\r .\En:SSlllY FOR CO\lI'LL\NCE WITH ANY SITIf .II'I'LlC IBU: LlW, Buyer's Illitials~______._ Buyer ,s In!ti.jls P:i),:l' I o( In S....lk(s Jl1ili:l.b I', ",Ink, I"" '1'"",,11,' ~}llr~h".;~ all,! \;,Ic '\"r-""IIl~n[ ')1" ,1(UJH rhe terlllS and cundi[ions ufthc C\lllll'~ct '-In.:: further ,ul1enJed, In(Jdi{i~d. and n..'viscd by this C(}lI1lterpropns'-ll "IS j()llo\\_~: I. Uecd. '''lier ,llCllI ILlmi,h 10 BlI\el' ," n""'g. either" '1'",;,,1 "'"T'''"\ .Iced. " qllltelillm deed. or "lCh olhel' deed '''Deed'', Ilce~ 10 C"I1\ C) lll""'ilhk IIlk I:' Ih,' I'l'Opert\. ,"hie., 10 Ih,. tem" 01 Ihe (",nil''''' I1I1d this COlllllerpl'opo,>" 1111101'" 1111111 '''''' "".m or Dced "'II sullice "" ,011\ nll1g Il1sul'"hic Illk. ,dkl' III liS "ok .I;'",el"'" "''') ek"t Ihe ""'111 '.,) lIse 10 "'''1\ c' Ih" I'roper't) :0 Iluyer. Buyer's Initials ~.~__._.,___~___ 2. Consider"!;nn nfOffer,.llLl)el' IlCkllo"kdges Ih" Sellcr ma: have I'eedved o!'lers prior to or nllo I'eedve olkrs alier receipt "I BlI:el"s "'''Teni of1<:r eviden,','d hy Ihe Conll'''''1. BlIyer acknowledges thai Sdlel' ma) eOllsidel' 1/11 ol1<:l's to p"l'cha,e the I'l'Opell), ,'egal'dlcss "rlhc dale orl'ecc'Ipl. alld that Seller may aceepl or "'.ic" an) 011<:1' In Sellers ""e disel'etioll. Sellers agreelTlelltlo sell [he' Properly III Illl) cr Is eVldcneed sokly b) Seller's sigllatul'e 0 rlhls COlllltel'proposal Irnd no prior oral d;sellss;'JIls 01' I'epresentallolls llr lln) kind h)- Sclk:r. or its ugi;;'nts or rl:prese!ltalives. shall be binding upon SLdll:r unless set forth ill [his Counterproposal J. Sncrilll Conditions. BlI:er aekllllwledges that Seller obtained [he Prupeny hy /(lIeelusllre or a deed ;n lieu of lilreelusure. The ('ontracI IIlld thic ('olllllerpmrosul muy he cllh;eetllllhe tilllo"'llg: la) app""\lIl hy II rr;vate ,"ungage ;nslll'er: (h) repu.'ehllse of I Ill' Pmp,.rt) hy the prl,'" morlgage sm;ecr or illclllW: nr lei the 'Ihilil' of Seller to eOI1\" Illsllrllhle 1111" 'IS reqll;red by Ihe ('olllrll" IInd Illis CUllIll,,'p""l'osaf III Iii" ," "'" Ihlll "") 0' Ihe.,,' ,'ondlt""" 111'1'1). S,'II", '" Its coie dlcer'",i"n ""1\ lcTlllr""te Ih,' (O"t"Ill'l IIlld Ihls ('UlIllte,prup,,,.,, d"d 1"'<''''1'''.\ ITI'Il,,1 [I", IIlr:ll'st M"nl'\ Iu H"'C!'.Il IL"",.', 'ole 1111,1 l"IIISi" ""Il,ed\ I rOil Sll<'ll ternr"lIItlllll. ";l..'lk'l' "h;dl 11;.1\ L' 1111 i'~lIlher ()hl:~~ltil)ll to HlI) IT \\'il:~,S()l'\L'r. ",eilhel' Selllr 1101' allY uf lis agelllS Ill' reprl'''"lllli,,, hale ocellp;ed the' Pn'per1y IInd Ilellber ""rrllllls Ill' represelllS [h,II Ihc I'n'rcrt) or any ;Jlll..'ruti(ms or dddition" which l11a~ h;lvl' bel.'n m~JI' lo (hI.' Prupl.'rt) -.:unl;lrm [u Appllcahk L:.l\\. lJu:cr hm'h) 'lCklnl"ledgl" IlliJl Seller shall II0t he P"lSIding IJu)'er "'Ih II Real Ist"te 11'''''''''1' lllsclo'"Il' \tuI,'m"111 . 11111' Ill' " l'cnilicclll' 01 ocellp"n,') ";IIi rc'plTt 10 Ihe I'mp"'t)'. IJln cr. tll Ihe nlent p",micslhle Illlder \prli,'uhle Jail, Ill'r,'h\ llul,"'S UI1\ l'e""1ITnrlnt thut Scll", ILlrllich BII' er \\;111 ,Illy slIeh dlsclll""'l'cIUlcmelll and'or ,I certili,a[,' or ""elll""1(: "",1 hel'eh\ relellses Seller, ""d its '"cec"or,. assign,. anili,"es, dll"'lllr,. Ilnicers, erTlplll) CCS, UIlI,.rs, IIgellls. IInd l'eprc"'I/[llll", fmm 1111\ alld "II liuh"'I\ r~su Iting ti'olll 111-: nOIl-ddi\ L'r.\ u I su.:h Jisclnsure stulenwnt ;md..-or certi tie,lIe or llL'CUPUI1I..'}. Bu)'er's Initillls ,VIOLD, MILUEW SPORES. A") OHlER MICROSCOPIC OIIGA~ISVIS\:';U ALLERGENS ICOLLECTlVH\, "\IOLU.'} AilE ENVI/lON\IENTAL CONUITlONS '1'11,1 'I' AilE COMMON IN IlESWENTlAL PIlOPEIlTlES A:\U MA I' AFFECT THE PIlOI'EIlTV. VIOLU, IN SOME FOIlMS, HAS BEEN IlEPOllTEU TO BE TOXIC ANU TO CAUSE SEIlJOl.JS PHYSICAL INJLIlIES. INCLl'UIXG. IJUTXOT LL\1ITEU TO, ALLEIlGIC ANU IlESPlllATOllY 11E.\CTlONS Oil OTHEIl PIlOBl.EMS, PAIlTlC'(:L\11LY IN PEIlSONS WITH 1.\II\II:NE SYSTE,M PIlOBLEMS. YOIIXG CHII.UIlEN, ,"I) ELUEIlLY PER~ONS. VIOLU ALSO HAS BEEX IlEPOIlTED TO C-\IISE EXTE.XSIVE I>A\IAGE TO PEIlSO.XM. AXU IlEAL 1'1l0PEIlTY, MOLD M-\Y HAVE BEEX IlE\IOVEI) Oil COVEIlEf) 1\ THE COLJllSE OF CLE,\NING. I~EPAJJl'-'iG. OR IlEMEUIATlNG TIlE PIlOPEIlTY. IF SEU.EI1, Oil A,XY OF ITS\GENTS Oil IlEI'IlESENTATIVES. CLEANEU Oil IlEP.\IIlEU THE PIlOPEIlTY 011 REMEI)I.\TEf) MOLD CONL\\ILNATlON. S~:LLEIl DOES NOT IN .\NY WA \ WAllllMq ANY SllCH CU,A:N1.NG. 1l~:P\11l WOIl". 011 IlEVIEDI.\TIOX. 1Jl\ Ell WII.LI\"E TITLE TO TIlE PIlOPUli \' ".\S-IS." sUI.n:n 10 IHE P1l01'E11 n CO'lDrt IO'lS TH.\ 11'\1.,> I\S OF THE CI.OSI\(; 1)\11-:. BI\'t:IlIS F1/.1.\' 11ESPOXSIBII.rn FOIl \1.1. IL\'-IIlDS 111.\ 1\1.\ \' 11F'>II.T nW\' TIIF pRI':WXn: OF \101.1) 1\ OR .\IWIX/lIIII': I'llOl'Fll1 \. III \ EIlIS'>ITI\FIE/l \\1'1'11 TIlE CONDITlO.N OF IIIE PllOPUln NOTWITIISTIN/lI\C TilE PAST Oil PI1ESFYI E\lSTENCE OF \IOI.D IN Oil AROl':';U IIIE 1'1l0PEllTY. ANU BI\'t:1l 11.\'> NOT I., AX) WH. 11E/.IED II'OX AN\' 11EPIlESENTAIIO,NS OF SELLEIl. Oil ITS SLCCESSOIlS. ASSIG'S. AFFILIATES. DII1ECTOIlS. OFEICEI~S. EMPLOYEES. OW.NERS, AGENTS.VXU 11EPRESE.N UTlVES CO.XCEIlNlXG THE I'AST OR PRESENT E\lsn:Nn: OF \10/.1) I:'; 011 AIlOI '1D TilE PIlOPElln, Ih:.' l'r ~ lnili;d~ Buyer's Inithlls P:lgl.' 2 (I( 10 'Il'lk'r's lnitidJs l.,'ldlll'rpJ'ul"",ill" ,'''Idl'!>;,' ;uld ~.d.' \'.'.I"'l'pn~llllll, ~Ii UX 4. Pem"lal Pronertv. Ill'm, "II',N"",I 1'1"01"'1"1' I"","e" ""lhe PI""pert' "I"e 11<'110 he, eon,idel"ed a, p"n "'Ihe I'I""pen, ""d '''T 1M il1cluded In Ihe ('"ntr,"1 01' Ih" ('ounterpropo,al Seller ll1"kes 110 'Tprc'''"'atio" ,''' "Iu'l"anl) '" I" Ihe e""dllin" 01. Illk I". "r el1eul11branee nl al1) such pel",ol1al I'mI'm). Sdkr shall I"',e no Ilabllit) J(lI' an) elaim nr I"sses Bu)el" 01" Bu)ers sueeessors nr assigns may incur as a result olan) eondltion or deket Ihat ma) now or hereltltcr exist with I"espeet 10 such pcrsonal propen). .~o bill of sale will b. provid.d al Closing; provided. how.v.r, S.lI.r shall provide tbe minimum doc'um.ntation n.c.ssar) to transf.r any mobile or rnalluf:H.,turcd hume locllled on the Property. Buycl"s Initials. 5. Oeeuni.d P,'on.rtv. Il1lhe C\ellllhe I'ropcrt) is n,eupied b). one 01" nWIT "'"al11s. Seller l11akes 1111 reprc',el1,,"illns I"eg"rdlng: I"J the exi''''"ee "I" ,,,llIel1 k,"e "glwll1el1[: Iblll1e :erm nl"leh lenalle). lei "hellle!' "eI11 pal l11ellts "rc curl"el1t: (dJ thc ,rt1l0UI1I 0lrel11 that should he paid: or lei ""mplial1'" "ilh I"elll com",I reg"lr"l,oll. '''' IIlltel .\I'I'Ile"ltk J"", I" "ddltiol1. Sclkr does ""1 b"ld "" ,eCUl"il) depnslts "". '111) lell"'" alld Bl/)cr 11 snkl) I""po,,,iblk 10 all) lenallll"r ,he I"ell/rr. olul1) "eLIIII.' dcpo.,lh "lid al1.' il1lerc'sl lhl.:l'c())l. 6. "AS IS'. Condition. Seller conveys and Buyer ace.pts tb. Prop.rt) in "AS IS, WIIERE IS'. condition at the time nf Closing, including any Imown or hidd.n d.f.ets. Neither S.lI.r nor any person acting as its ag.nt nr r.lJI".sentativ. is making any warranti.s or r.pres.ntations, .ither .xpress or implied, as to th. condition ofth. Prop...ty. Bu)er h.reby r.l.ases and agre.s to hold harml.ss Sell.r and and its suee.ssors. assigns. affiliat.s, dir.etors, officers, .mploy..s, own.rs. ag.nts. and represenhltives from an)' and all cl:lims or liuhility with respect to the condition of the Property. Seller. mil" spec'ilkall). males no ''''I"I'ant, IIr rL'presenlatlon 'IS to II "elhcl" all) Ulilil) s<Tvice. indllding ,,,ltCI'. seller. eleclriclt). ~~IS. ..\!ld ()th('r~L1l'h Sl'l"li((: I,.t tilitic_,,"). SLT\il1g thl.: Pl"Orl'rL:>v In: public ur rl'i\iltl'. Buycr'.~ Initials 7. Bnver." Ri.ht tolnsn.el. !lU)c'!" aeknollleelges Bl/)er's oppoliuolt) I" ""peel al1e1 illle."igale the Pmpen) L'ilhel" Indqwl1e1ellll) nr thmugh agel1ts II( Ilu) er's ,eleell,,". .~IlY slleh Inspeeti,m ,hall he made ," fl,,, cr's ""n "'pellse al1d sh,lil hc' e"nlpleted" Ilhlll tell II OJ days li'ol11 Ihe e"'ClItioll ,,( Ihls COllllterpmp"sal h) Sellct-. BlIyer shall I'el) s"lel) Oil Buycr's in'IJe'elloll and reviell III Clal,,,lte the elllldi[I"" o( Ihe Property. flll) cr' (onher ac'kno"leelges and agrees that !lU) er Is 1101 rc'l) ing on all) ,Iatenll'nts ",. rep"N'nlatiol1s illUde by Scller IIr Sellel's "gcnts III' repreSel1lali,es (Incllldlng. I'ut l10t limited 10. inJ;lI"Illalioll elisel"seel on the MIS) 'IS I" the c,,"dit,oll n( :he I'n'perl). illcluellllg. but IlIII lil1lited [0. Ihe cOl1dltinl1. strullural snllndness. '1l1L! ''''rllllg "rd<T II( he'"lllg!air L'ol1dltlol1lllg S.I stelllS: sell age: ,",'Of 1;'"l1da[illlls: soil" "ptie syslellls: plumbillg: 101 si"c:suiIClhilll.' o! Ihe I'rope'h 111'1 P,llllelllal purpo.,e" appll'"1c'e" 1:"lltle" al1d 'II1Y ill1pnllel1lCl1ls I" Ihe I'mpert) flu)cr limher aekl111wledges .11"1,! agrc'es """llLl)el" IS nol relying 011 all.' "atements "I' represelllatllll1S l11.1de II) Sdler 01" Seller's agel1ts ,,,. '-cpresel1laliICs regardil1g IIhelher Ihe I'mpe,.,) Is III enl1lplial1ce ',;Ih .\pplicable I all 1111)er aekl11111ledges Ih,,, Ihl)c'I' is respol1sible lor IIh"lil1ing all) II1Spec'liolllTpOi"lS '" 10 (aJ Ihe elllluitlon 01 Ihe I'roperl) 1I1ld 1I11) applilll1ees.,lruc"'rlll c"'l11pnllel1". he,"iIlWlIII" elll1diliol1lllg s)stel11s. sc'''"gL'. rool~ 1;'L1lldlll'"I1', ,ulls. sepliL' s)stems. plLll11hlllg, lIlld Iltllitll'" Ibl sLlilabilil) le'r use nr Ihe I'n'per[.,: ICJ the presellle 01 ,m) IOxic or hll""rJous sUb'llII1Ce, olllhe I'rol'Cl"t). IIKILldillg. bUI nOllimlleello. rlldnl1. asheSlos.lc-lId 1""111. or Mold: Id) an) "Iher LIClors Ih,,, "oLlld rC'l1der Ihe I'nrpert) 1I11illlwh>lllblc- nr dllllgenrLls 10 Ihe hellllh 01 ,he IIeCUp"l1ls: IC'J "hL'lher the P,'operl) is ill eOl11plllIllee ",th\ppIICJl'k 1,"" line! 1I1111l.' "Iher L"tors repre!mg the I'rupert.' lIbOLlI which Bu)er m,l,' be cOlleerned. Ilu),,'s lailure lu inspeL'llhe 1'''''pcrt.1 ,h,,11 1101 .rlter "r impair Ihe L1lldc-rSllll1dillg 1I11d "glwmenl bd"eL'1I Seller 1I11d Buyer 1I., ,el I,mh ill Ihe CUl1lrllel 'md Ihis \ 'our>lc'rpn'p"',,,i xw ill,peelllll" 1I1111 be mll'lc- b) all) building ur Illl1illg Il1speelor or gn"ernl1lel1lemplo) ee Wilhol/llhe prinr ,,.,.iltell cunst.'nl u( .'Idler. Illl.\....r " IriU,Ii', ;~Ugl' ., ()( I () :';1,:iil'I,'"lllilidJ.., ("lillll':lprnp",allt.l I'llrdl'i.>" :II,t! ""1,, \)2"""111<'101 'I(,.-:)(J..(),~ If the Property has heen winterized and Buyer wishes to de-winterize the Property for the purposes of Buyer's inspections, Buyer must notilY the listing agent identified below I"Listing Agent"). Only the LISting Agent may a/Tange lor such de-winterization, which will be conducted at Buyer's sole cost. Under no circumstance shall Buyer de-winterize the Property. Buyer's Initials Buyer shall indemnify and fully protect, de/end, and hold Seller, and its successors, aSSigns. afliliates, directors. omcers, employees. owners, agents, and representatives, harmless trom and agaInst any and all claims. liens, loss, damages. and costs and expenses of every kind and nature (including. but not limited, to attorneys' ICes and ('Ourt costs) that Illay be sustaIned by ur made against Seller or Its sueeessurs. <l"'gns, amli,"es, dilwtors. omeers, employees, Uwners, agents. and reprm'nt"'ives. ur <lnv damage tu the Proper1y or to any adjoming property, or any Injury to Buyer or am othe'r persons that may result or arise out of inspections made by Buyer or its dgcnts prior to Closing. 8. Ha7.1rdous Substances. Buyer assumes all risk of loss. damage, or injury that may arise as a result of or that in any way may be connected With the presence in, on, or about the Property of radon gas. asbestos, mold, or any other toxic or hazardous substance. as defined by Applieable Law and commonly understood (collectively, "Hazardous Substances"). Buyer, on behalf of Buyer and Buyer's suceessors and assigns, lully and ">rcver releases, indemnities, and discharges Seller and its affiliates and Iheir respective successors, assigns, dl,'ectors. oflicers. employees, nwners, agents. contractors, and representatives (collectively. "Seller Indemnified Parties"), and bolds Seller Indemnified Paliies harm"'s IfOln and against any and all claims. damages, liabilities, losses. demands, private or governmental caUSes of action, expenses, or costs !including withoul limitation Court costs, attorneys' lees, costs of governmental investigation, or costs of environmental remediation). Buyer or Buyer's successors and assigns may sufICr or incur av a result of the presence of Ilazardous Substances in. on, or about the Property, whether now or herealler known. fhis provision shall survive delivcl)' of tht.: Dl't'J Lind the Closing lJall', 9. Risk of Luss. Prior to Closing, Seller shall maintain the Property in materially the same condition as of the date of Seller's execution of this Counterproposal, except for ordinary wear and tear. If prior to Closing the Propeliy Is damaged, Seller may make repairs to restore the Property to the same condition as of the date of Seller's execution of this Counterproposal. If Seller, in its sole discretion, elects not to repair the Property, Buyer may: (a) accept the Property in its damaged condition: (b) re-negotiate the Purchase Price; or (c) ternlinate the Contract and this Counterproposal, in which case the Earnest Money will be returned to Buyer as Buyer's sole and exclusive remedy. UNDER NO CIRCUMSTANCES SHALL ANY INSURANCE PROCEEDS PAID TO SELLER WITH REGARD TO ANY DAMAGE TO THE PROPERTY THA T OCCURS PRIOR TO CL OSING BE ASSIGNE D OR PAY AB L E TO BUY E R. t Ipon Cloving, Seller shall be rclieved of all responsibility and liahility I(Jr maintaining 11lIzard or /1ood insurance on the Property. All such insuraoee polieies shall be termll1atod by Seller Ill1lnedratery upon Closing, and Buyer will be responsible for obtaining any such insurance as well as any title insunlncc requirt'd by Buyer's lender prior to Closing, 10. Purchase Price (Initial applic11ble sections; non-applicable sections should be mllrked "N/A "). o iI. CASH: The Purchase Price will be paid in the limn of cash Verification IJftLmds required to close shall be prOVided to Seller by Buyer upon delivery ofa fully exccuted copy ufthis Couotcrproposal. Irthe Closing does not take place on the (losing !Jate due to Buyer's Jililure tn provide cash at the Clusing or due to any nther relalcd reasons, including, hut not limited to. Buyer's dccision to obtain lendcr financing. bnth Bllyer and Seller agree thai the h!rnest Muncy shedl he immediately rt'lcascd to ScJJer as lil.juidatcd damages as prl1viJed in paragraph! 9 below P BLENDER FI"ANC/:>IG: Buyer may obtain Iinaneing liom the lender of Buyer's choice. Within seventy-two (72) hours of e,\ccution of this Counterproposal by Buyer. Buyc.:!" will either apply lor finan.:ing or provide evidence Slltiti"t(~ry tu Seller that a lender Incs pre-approved Buyer lur linaneing proor"r lender's unconditional commitment to lend must BUYl.:r's Inilials Page 4 of 10 Sdler's Initials (\'UJH~Pllf'()I''',;,d III l'llrd1<1.1<' 'lfltl Sale Agn'l'1ll\:1l11)(j!.,OiIJ~ be provided to Seller with _ days of execution of this Counterproposal. Except as otherwise provided in this Counterproposal and to the estent not restricted due to tinanclng insured by a governmemal agency, Buyer shall pay for any and all eusts assoc"ated with the loan application process. Includmg, hut not limited, to any application fee. appraisal ke, and credit rL'pOl1 fcl'. II. Sun., and Other Costs, BU)er "iii he solely resp"nsihle li,r ohLllnlng, at IlLner's espense', asune) ,,,eeptahk 10 the IItk cumpany ())" dllsing dgl'l1l dnJ :lny kndcr. In the l'\CIll .'elk'!" is rcquil'l'd to pnl\ iJl' l'\ll'l1ui..'d :.ur\l'Y cmcr;lgc_ ~lS mu) he 1l11I'Ill;;d and l'ust()mJr~. Sl'llel' H ill no! he I'cquil\.'d III Jl) 'iU if'illch ;;1 i'cquiITdsurvc) hdS !lot ht'ell ;o(l ,.\hlain<.:d hy Ilu) IT F1uyer shall he respoosihk I(n pa) Ing all other costs and expenses (including, hut limited to, the kes 01 Buyer's attorne.') ","oeiated \\!ith till.,' C!usillg ;lJ1d not spccifically n:quireu to he paid by Sdkr by this Counter Proposal. 12, Settlemellt/Closillo, The Closlog shall be conducted In thc' oniee 01 tlie Closing Agent or at a pbee designated aod approved h) Seller Ilmleler, Huyer may ehooSL' to purl'hase titk insurance leom a dlrlcrem title insllranee prmider (-Huyer's title insu,"nec provider-I atHmer'ssok L'pense, as provided in pargrnph 15 helolV, Closing shall occur on or before tbe Closing Date and the Buyer shall make every effort to meet this deadline. Should the Closillg extend heyond the Closing Date through 110 fault of Seller. Seller shall be entitled to a $1S0 fee for each day the Closing is so extellded. Any agreement hy Seller to extend the Closillg Date must he in writing, Notwithstanding the foreguillg. if the C10sillg does 1I0t lake I'lace on the Closillg I)ate dlle to allY failure Ill' Buyer. Seller I.etains the right to terminate the Contract alld this Coullteqll'Ol'oSalalld I'"rsoe the remedies "olltailled ill the Contract and this Counterl'rol'osal. The Irun"Ktion n"o Ilot clo,c' in c'scrml "i,hout thc' pri,,,' wriuc'll '';onSl.:Il[ uj''''l'lkl". 13. :\eoati" Sale Proceeds, Ilullt"re,,,o ludgmen", I,,'ns, "''"''"lCO<", 110,\ '\,,"ssm"I", 0' o'hc'I soeh c'lleUll1hr'U1Ces resull 'I' negati" sales proceed, tu Selkr, Selk,' resmes the right to krminate thc' ('ontruel und thIS (uullterp,opo,al und leturn the I,urnest Muncy to !ill)!.:!" as Bu)'cr's .'>uh: am.! exclusive rt:rm:uy. 14, Prorations at Closing. All t'I\OS: condominium, planned unit dL'\ elupmen!. or ,imila,' community homL'lllVners aw'ciutiull Jues :mJ JSSI,:SSnlt.:nls ("J /( )/\ assl'SSCil1CJ1!s""): ~HlJ L:tiJitil'S charges shall be pruratcd to the C!o"ing. lux rro,'atn,n,sh,,1I hc' h.lsed Oil one hundreu percent (11I""'", "I tl1e la,t a"tll"hle ta" bill or upon the Incaltas "sse"or', latest ,,,Iuati,nl "Ithe !'fupen, "nd tile currellt t", ralc', I\ny speeiai "',"SSlnents that eun,titute a iien on the Property us olthe Clo,ing llette ,mu arc 1''') "hie III in,t,dlmem', ,hull he P,o'''lL'd to the Closing /l"te "nd "n) Inst"II01ents duc' arler the "etual uate olClosing ,hall be !'<Iid by llu.I" III Ill> "'em ,h,dl 'c1k, be res!,onsihk Ii" the 1''') mem III "") unicrleu ImeSS!l1lllt !,endillg a.s ollhe uelllld dULl 01 Closing. IIOA asseSSlllCn" ,hull be b",,,'d Oil thc' Us,","mem rate in erlcct '" 01 the uelLII' I date 01 ('Iosing,\", .,!,eeial U,sessmen" Icrled and pa)ubk in installments shull he prur'tted to the Closing [Jute und 'm) inslullmenls due "tter the """al Jute 01 Closing ,hull bc p"id b) /Juver, In no L'\ ent shall Selkr be responsibk I'll tl1e p"YOlent olany unbled aSSessment pending "s ,d 'he uelual date 01 (luSlng, SELLER WILL \0'1' BE RESPONSIBLE FOR A:\Y~DJI:STMF:'iT OF SETTLEME,'iT ClIARGES, INCI.I'I)I,\I;, IlLT '1;0'1' L1VIITED TO. TAXES OR HOA ASSESSVIE\TS AFTERCLOSI:siG, 15, Lellder-ReQuired ReDair,. Should any lender, insuring entit). or gm ernl11emal ugelley I'c'quire that certain repairs be 111Ilde to the Properly or tl1ut cel'tuln other eonJi'ion.s be l11et, Seller. in its sole discretion, n1l') com 1'1) I\;th such requirements or tel'l11in<lle Ihe Comru" ulld this CCHllllerprop"sal lurthc'l',chould <Illy IliA tonditiollall'ol11mitll1elll or V,A Cenilicate 01 Reasonuhle V,illle sur) 111I'" lile 1':Il'ClllISC' 1'1''', 'die..., ill its "de dl",elio:1. ",,,-, ""I11Il18te 'he ('o"t,u" ullJ 'IllS 'oullkrp,opo,sul II 'eller ele".s 110' t" ,c"l11in,ll' ,he (\"nl''''' "",; th.' to"'llc"I""P"SltI ;"'1.'1'''"' ,,, ",1> p,,,'ugrllph, Sd'u",. ,CSI""""",ln:, "". IIIlY lepu,,'s r,'quired by !l",,,, .t.' OJ 1'i..",lIll Ill' ill:'Pl'l'I:,HI h) I~I:.\ n 11,\ il klldl'r.dl ..1.\ ;1 1..'(lIlJitillll :,('[ IIH'th in ..m ) ) 1,-\ ( \lnJil:tlll,ll ('lllllmilllll'lll ill' \, 1\ ('(Tlilkdll' I)) Reu"",thle \ ,I;"s',h"/ln,,, <'cc'c'd S ind"sil c' oltc'l'l11i", "ep<lles I'Repuir t imit\mo""th I IInd !lilY er shall hc' s',lel) IIIJ.\ LT\ Initidb P:lgc Sill 10 "il'llc,-"Jllili:ils ('"LJtll_''1''-''I''''''' I' 1'[n,-il;I.<,,,: ,L1 ,<I 'elk, . \~.'rn'.'lll'l;; I)b ,;1: "~ respoll,,>ihlc f()r any' amounts L'\-:cedil1f! the Repair limit .\moul1t without any reduction in the Purcha"e Price. II" Seller elec!s tn tenninate the Contract and this Counterproposal. Seller will return the Earnest .\ioney to Buyer as Buyer's sole and exelusi"" remedy Buyer's Initials ~ _____.__~_~_____ 16. Condition and Convevance of Title. Seller shall deliver insurable title and pay lor Buyer's owner's policy oftitlc insurance f).om the title insurance provider ~hosen by Seller and indicated below. However, Buyer may ('hoose to purchase title insurance from Buyer's title insurance provider, indicated below, at Buyer's sole c.'\:pense. In the ewnt Buyer -:hooses to obtain an owner's pulicy amUor title (''(am from the title insurall~e provider of Buycr's choice, Buy!;;:r shall order the same \,vilhin threl: (3) days of Sclh:r's execution of Ihis (\1111lterpropos:11; if Buyer I"ails to do so. all objections to litle shall be deemed waived, Seller shall not be.' responsible l()f an) "gap" title in,'>lIranee coverage and will not in any event provide an :lflidavit of tilk or other similar documents in which Seller is n:lJucstcd tu l1'[lkt: reprcsl.:lltatillllS or 'Warral1[ie~ with respect to title to lhe Property. If Seller is unable to provide insurable title, convey the Propcl1y, or to deliver possession of the Property as provided in the Contract and this Counterproposal, or if at the !ime of the delivery of the Deed does not con!oml with the provisions of the Contract and this Counterproposal, Seller shall bear any nominal expense and use reasonable efforts to rcmove any defects in title or to conveyor deliver the Property as so provided, but is under no obligatiun to use extraordinary measures or to bring any actions or proceedings in order to do so. If Seller is unahle to so remove any defects in title orto conveyor deliver the Property as so provided within ten (10) days after Closing, (a) the Contract and this Counterproposal shall terminate and Seller will return the Earnest \ioney to Buyer as Buyer's sole and exclusive remedy, or (b) Buyer may, by written notice on or before the Closing, waive any objections to Seller's inability to so remove any defects in title or to conveyor deliver the Property as so provided, For purposes of this paragraph SeUcr shall be deemed to be able to convey insurable title to Buyer if a reputlble title insurance company will underwrite a title insurance policy insul'ing that title (0 the Property will vest in Buyer as of the Closing, ----,-......~ Sellcr __,__ Buyer to provide title insunlrlce Seller's tille insUfltnl'C provider: Huyer's title insunlllce provide!': Phulle; hl\ --~----_._-~---._-._---- - Phone: Fax Buyer's Initials 17. OccuDanev of the ProDertv. Under no cil"Cumstances will Buyer be allowed to occupy the Property prior tu C1using. fn the event Buyer violutes this prohihitinn, Seller will avail itself of all legal remedies. fn thc event Buyer alters or occupies, or permits any other person to alter or occupy, the Property prior 10 Closing, Buyer shall be in material default under the Contract and this Counterproposal. in which case Buyer shall forfeit the Earnest Money and any rights to the !''''perty, however altered. Any access to the Property prior tn Closing is prnhihited unless accompanied hy Seller or Seller's agent or unless otherwise agreed to in writing hy Seller. 18, Taxes. A Seller's Right to Contest ['lIses. Seller shall have the unrestricted right to Contest the lImount of or obligation to pay any ad valorem real or personlll property taxes, real or personal property assessments, or IIOA Assessements Icollectlvely, "'Contested faxes"), l(lf any period !t)r which any C()ntested Ta.xes an: assessed or levied (a 'Ta.\ Periud") that includl's or precedes the actln!l dnll.: of thc Closing (the "Closing Tax Period"). Seller mft) eontl'st the Contested laxes by any judicia), administrative, or other process that Seller chooses in its sole discretion. ff requested by Seller. Buyer shall join in any proceeding to contest !he Contested Taxes to the c.\tent necessHl)' to permit Seller to c.'\ercise its rights under the Contract and this Counkrproposal. Seller shall have no dut}.' to contest the COlltesll'd Taxes and may dismiss, settle, or otherwise resolve all) matter relating to l'ontl'sted laxes ill whatever manll!:r or undcr all) knns Sclh:r elects in it sole dis.:retioll Buyer-s Initials Page 6 of 10 Sl'llcr"s InitIals ('OI11lIcrpn1)Jn.,al ftl I"lr\;ha.li: '!lId Sale' '\~J'Cl"llI.'lll II('J,"i()iIJ8 B. Entitlement to Refund. Any refund of Contested T,nes tt1r the Closing Tax Period or any prior Tax Period shall be paid to Seller, and Buyer hereby irrevocably assigns to Seller any right, title or interest it may have in any refLmd of Contested Ta.xes for all such fax Periods. If requested by Seller, Buyer shall eXecute whatever endorsements or other documents that may be necessary to accomplish the refund of sllch Contested Taxes to Seller. Provided, however, notwithstanding anything in the Conlract or this Counterprosal to the contrary, Seller shall not be entitled to any refund of Contested Taxes that is attributable solely to any change in land usage or ownership ol"the Property occurring all or after Closing, all of which shall be paid by Buyer. 19. Default. In the event Buyer defaults in the perfilrmanee Ill' the Cllntract llr this Cllllnterprllpllsal, the Earnest Mnney shall be paid to Seller as Iiquid~lted damages for, <1mong. other things, the addition~11 cost of carrying the Property :tnd lost marketing time, both of which Buyer and Scller acknowledge and agree are difficult to calculate. Said liquidated damages shall not be construed or deemed to constitute a penalty and the right given to Seller to retain the Earnest Money shall not constitute Seller's sole and exclusive remedy. In the event item A in paragraph 10 above is initialed, Seller is materially relying upon the representation in said paragraph IDA above to the effect that Buyer will be Pllrchasing the Property as an all-cash transaction withollt third palty financing. Buy.er subsequent eJection to purchase the Property with third~party financing rather than on an all-cash basis as indicated above shall constitute a material default under this paragraph IN THE EVENT SELLER DEFAULTS COUNTERPROPOSAL, BUYER SHAll BE SOLE AND EXCLUSIVE REMEDY. IN THE PERFORMANCE OF THE CONTRACT AND THIS ENTiTlED TO A RETURN OF THF EARNEST MONEY AS BUYER'S Buyer's '"itillls 20. Installation of New Locks and Transfer of Utilities. Buyer shall be responsible for the installation or new Jocks and the transfer of all Utilities on the Property immediately aner the Closing, and Buyer shall hold harmless and indemnify Seller and its successors, assigns, affiliates, directors, officers, employees, owners, agents, and representatives from and against any and all damages, claims, liens, losses liabilities, costs, injuries, attorney fees and expenses of every kind and nature that may be made against Seller and its successors, assigns, affiliates, directors, ofricers, employees, owners, agents, and representatives as a result of Buyer's failure to install new locks or transfer all Utilities on the Property. Buyer will ha\<: all Utilities and homeowners' services. as well as any HOA Assessements, trans felted into Buyer's name no later than the first (I ") business day following Closing. Bllyer also will be responsible for payment of any Utilities charges or HOA Assessments incllrred aner Closing and for ensllring that any Utilities or hOlTlCowners' service, Including IIOA Assessements, in the name of Seller or the Listing Broker indicated bclow is transICrred entirely into Buyer's name. Witness Buyer OllIe Selling 8 rol{cr Date Acknowledge: Buyer Date Listing Broli:cr Date 21. Assienabilitv. Buyer may not assign or transter the Contract or this Counterpropllsal without Seller's written approval. Seller may assign or transfer the Contract and this Counterproposal without Buyer's approval 22. Pcrformance. The acceptance llf the Deed by Buyer shall bc deemed III be a full perfllrmance by Seller under the Contra" llnd this Counterproposal. Buyer's Initials~~__~__ Buyer's Initials =~~ Seller's Initials Page 70f 10 CouIlIerpropOS11110 I'ul"~hase .111</ Sale .-\grll~In,,"1l1 U(,.'lO/llg 23. Real Estate Brokel" Commissions. The total commission payable by Seller pursuant to the Transaction shall be L-fl/U of the gross Purchase Price. The closing ag~nt is authorized and directed to pay said cOlllmission from the sale proceeds at Closing as per the terms of the Commission Breakdown Form to be provided by Stller. ~'() rCfll estate hrokcr commissions sh<lll be paid unless the Closing OCCurs and title to the Property passes to Buyer. 24. Additiomll Provisions. Buyer and Seller approve and accept this Counterproposal and acknowledge and agree thai this Counterproposal is a legally binding agret:l11ent and is made part of the Contract in like manner as ifit were direl:tly set forth therein. All other terms and conditions of Lhe pruposed ('un tract :,;hall remain the same. The L~rms ur tht: Contract and this Counterproposal shall survive the Closing. 2S. Attachments. Any ilt1ilchement or addendum 10 this Counterproposal hereby is incorporated into this Coullterproposal for nil pUflJoses by this refcl"~nce. Att.whmcnt: Lend Based Pnint Disclosure Addendum. 26. This counterproposal shall expire unless accepted in writing, by Buyer and Seller, as evidenced hy their signatures below. and the offering party to this dOl:ul11ent received notice of such acceptance on or before 01/02/10 BUYER Date: SEE SUBSTITUTE EXECUTION PAGE SELLER Date: ---------. IlUYER Date: ----- -.._--_.~--_._-----_.._-_.. ----.-.-.--- -----------.-.----- --.. ---~----- BUyer'" Inltlals ___ SellC'r's Initials Page 8 of 10 ("ounlcllm>po>allu I'fIf'Lh~" ,Hid '>ale '\~r~'I.'111crrl Oc,JO'()8 NEIGHBORHOOD STABILIZATION PROGRAM Property Address: 3420 24TH Avenue NE, Naples, FL 34120 Folio Number: 40356240008 SUBSTITUTE EXECUTION PAGE Date Property acquisition approved by BCC: October 27,2009, Item 1608 AS TO BUYER: DATED: \ -~ l-Ool D ATTEST: .;:i. ~;.~, f' DWIGH;,l"E. BROCK'., Clerk c' ttest' n to ' j'8IItIIry Oft,.' BOARD OF COUNTY COMMISSIONERS COLLIER 7U ihy, FLORIDA,,',' r / / BY I; I; /1 : Donna ~kl;~;~~~~an"/' J >, Approved as to form and legal sufficiency: ~~h)~ Jennifer . hite Assistant County Attorney U.\D BASED PAIN I DISCI OS, RI ADDE-'DLM Lead \\iarnilll! Statement "Every pun:haser of any interest in residential real property 011 which a re~idelllidl J\~'dling \\'as buill prior In 197R is notified that such pmpeny may prest:nt exposure to lead from lead-based pain! that may pillet' young children <It risk (If dc\doping kau poisoning. Lead Pl)isoning in ynung children may produce permanent neurological dall1;.lgc, including karning disabiJiti.:s. reduced intelligence qll\Jtit:llt bt:havillral prnhlems, and impaired memory. Lead poisoning also presents a risk {() pn.:gn;mt women. rhe seller 01 any interest in l"l'sidcntial real propel1.y is n:quircd to providl' Buyer \\ith any information 011 Ir.:ad~basl'd paint hazards tium risk assessments or insp,,'dions in the sdJer's possession and notif)1 the bu.ycr l)f:l1lY knowll lead.bascd paint hazards A risk assessment or inspection tur pos<,iblc I~ad-hascd paint hazards is recommended prior to run:ha~t:." Seller's Disclosure to BUHr Sdler acknowledges that Seller has been infomlcd of Seller's obligation, Seller is aware that Federal laws n:quire Seller to permit Buyer a ten (10) calendar day period to conduct risk assessment or inspection It)r the presence or Iead-hased paint hazards bd()ft: becoming ubligatcd under a contract to purchase target housing (unless mutu.,!!y agreed otherwise in ,>,...riting). That opportunity will be provided within the Wn (10) calendar day period immediately [()IIO\Ning Seller's final execution 01" the Contract and this Counterprl)posal. Sellcr is aware that Seller must retain a l.:OPY ol"this disclosure !()r not less lhanlhree years IhHll the Closing. A. Prt'sence of lead-based paint and/or lead~based paint hazards (chec~ one box below): ~] S,,'II.:r has 11(1 kllov,'lcdgl' \d':lI1\ lead-bused pwinl ,ul(Llr kad-h~lsed p~lint ha/:mh prl'Sl'llt in lh,' jll"()pL:11) ,),'llel' h~b klh!wll'uge uflcad-hil~l'd paint dlld',1j" )l'ad~h:N;d pdlllt h,l/ards pn:~l.:111 inlh!; l)n)!h:l1~ il',\ptaiI11 '\ \ B. ReL:ords and reports available to Seller (dlCl.:k llJ1e bo:>; below): [] Seller has no reports or records pertaining to [ead~based paint and/or Icad.based p<lint hazards in the Property. l'j Seller h(ls provided Uuycr with all available rc(;ords and reports pertaining to leaJ~baseJ paint and/or It.:aJ-bast:d paint hazards in the Property (list documents below): _~';'L_~_ Buver's Acknowlcdl!l11cnt ~~c. BU:-Cf ha~ IT<.ld thl: Lead Warning Statt:ll1ent ahove anJ ul1llerslands its c\)nlcnts. IJ. Buyer h~iS r,,'<,;eived cupies oJ";!!1 int(xll1atinll. illcluding any rec(Jrds and n:purh listed b) Sdkr above. L Buyer IIi];; n.xciwu the pamphlet '"l'rotel'! Your Family Froll1 Ll'ad ill Yuur I kmll'," .... Buy..:r acknowledge::> kdcrallaw n:quin:s that bel\.m~: a buyer is ()bligatL:d und..:r any contract 10 bll) and scll real "',,tatc, Sell!.:r shall permit Buyer a t~n (10) cah,,'ndar day Jl,,'riud (11I111:ss thl: parties mutually agret:. in writing, upon a di ffercnt period uf time) to conduct::! risk assessment or inspect iUll fix the prescncc of lead-based paint and,:or I..:ad- bas,,'d paint IW.Lards. G. Buyer, <liter having reviewed the l'Oll1cnts ot"this ,\Jdcndutl1. and any reL:ords and reports listed by Seller. hus elected to (check one box belmv): i~ Obtain:J risk assessment 01" an inspection of the Property Illr the presence of kad-based paint and/or lead-based !:?~int hazards. YI,ithin the time limit and Linder the krllls l)fthc Cnntral"t and this C\lLmtcrpruposal. or , "-i Waive thc oppurtunity to i:ulllluct a risk ilSS,,'SSlllt'nt \)1' impedioll tix the presence \If k~ld-bascd paint and'llr k';ld- h:l\l'd Il:lilll h,l/<lrds BUYl..'f s Initials Selk-r's Initials Palle l) uf IU (")"JII~rpl"f"";11 r"I'''''"I>.I..," ,,''', )"k \W'."'I~IlI,j("lil..IIN Real Estate Licensee's AclUlowled1!ment Each real estate licensee signing below acknowledges receipt of the above Seller's lJjsclosure to Buyer, has informed Seiter of Seller's Obligations, and is aware of licensee's respollsibilityto ensure compliance. Certification of Accuracv I certify thai the statement I have made arc accurate to the best army knowledge. SELLER SEE SUBSTITUTE EXECUTION PAGE Dale BUVER Datc~_~_.. ./ /h-~;~~ Seller's (Listing) Agent 1-04-10 Date Buyer's (Selling) Agent Dale Buyer's Initials ~.,~~_ Seller's Initials Page 10 of 10 '-' Oul1l~ql"'p",all() ?lIr~hi\Sc and Sak ,'\g:r~cmem 06..JO/08 NEIGHBORHOOD STABILIZATION PROGRAM Property Address: 342D 24TH Avenue NE, Naples, FL 34120 Folio Number: 40356240008 SUBSTITUTE EXECUTION PAGE Date Property acquisition approved by BCC: October 27,2009, Item 1608 AS TO BUYER: DATED:J-~I-1l 01 D ATTEST: DWlGHTl:. BROCK, Clerk ;" -", " ,,~.~.~ ~&A..O.(. -'. , ;' '. '" e u y Clerk -.. ',', .' tAO., ' '..,';....",;. ~,~ OIA,,..... . :....~... "', BOARD OF COUNTY COMMISSIONERS COLLIER c9yJf.JTY, FLORIDA,;( ., 11/ _'" I' BY: '. i"--,.J.:...-?'7"~~'(~/ <y',t ..1:..Y;;' Donna FIala, Chairman '. .... ," , . ~ J I Approved as to form and legal sufficiency: Jennife~~ 'D ~ Assistant County Attorney MEMORANDUM Date: January 11,2010 To: Marlene McLaughlin, Property Acquisition Specialist Real Estate Services From: Ann Jennejohn, Deputy Clerk Minutes & Records Department Re: Neighborhood Stabilization Program Purchase Contract Second Addendum Address: 3420 24th Avenue NE Attached is an original addendum (Agenda Item #16D8) referenced above and approved by the Board of County Commissioners October 27,2009. The Minutes & Records Department will also hold a copy as part of the Board's record. If you should have any questions, please call me at 252-8406. Thank you. Attachment (1) ORIGINAL DOCUMENTS CHECKLIST & ROUTING SLIP TO ACCOMPANY ALL ORIGINAL DOCUMENTS SENT TO THE BOARD OF COUNTY COMMISSIONERS OFFICE FOR SIGNATURE Print on pink paper. Attach to original document. Original documents should be hand delivered to the Board Office. The completed routing slip and original documents arc to be forwarded to the Board Office onlY!!1ltr the Board has taken action on the item.) ROUTING SLIP Complete routing lines # 1 through #4 as appropriate for additional signatures, dates, and/or information needed. If the document is already complete with the exl.;C tion of the Chairman '5 si nature, draw a line throu h routin lines II 1 thrau #4, com Jete the checklist, and forward to Sue Filson (line #5). R!lute to Addressee(s) Office Initials Date (I.rst in routin order) 2. (Tht: primary contact is the holder of the original document pending Bee approval. Nonnally the primary contact is the person who created/prepared the executive sUTT'mary. Primary contact information is needed in the event one of the addressees above, including Sue Filson, need to contact stafT for additional or missing information. All original documents needing the BCe Chairman's signature are to be delivered to the Bee office only after the BCe has acted to approve the item, Name of Primary Staff Contact Agenda Date Item was A roved b the BCC Type of Document Attached 3. 4. ~~e?~ I~D :e) ~ Ves (Initial) N/A (Not A licable) 5. Ian Mitchell, BCC Office Su ervisor 6. Minutes and Records Board of County Commissioners Clerk of Court's Office NA N~ i. Forms! County Forms! BCC Forms! Original Documents Routing Slip WWS Original 9.03.04, Revised 1.26.05, Revised 2.24.05, Revised 9.18.09 PRIMARY CONTACT INFORMATION rna~(YJ&..~ hi? 04z,~o:r,~CJOC! ~~"'1?~ Phone Number Agenda Item Number Number of Original Documents Attached I. INSTRUCTIONS & CHECKLIST Initial the Ves column or mark "N/A" in the Not Applicable column, whichever is a ro riate. Original document has been signed/initialed for legal sufficiency. (All documents to be signed by the Chairman, with the exception of most letters, must be reviewed and signed by the Office of the County Attorney. This includes signature pages from ordinances, resolutions, etc. signed by the County Attorney's Office and signature pages from contracts, agreements, etc. that have been fully executed by all parties except the BCC Chairman and Clerk to the Board and ossibly State Officials.) All handwritten strike-through and revisions have been initialed by the County Attorney's Office and al] other parties exce t the BCC Chairman and the Clerk to the Board The Chairman's signature line date has been entered as the date ofBCC approval ofthe document or the final ne otiated contract date whichever is a licable. "Sign here" tabs are placed on the appropriate pages indicating where the Chairman's si nature and initials are re uired. In most cases (some contracts are an exception), the original document and this routing slip should be provided to Ian Mithchell in the BCC office within 24 hours of Bce approval. Some documents are time sensitive and require forwarding to Tallahassee within a certain time frame or the Bee's actions are nullified. Be aware of your deadlines! The document was approved by the BCC on It} ~.;l.;l~O'f(enter date) and all changes made during the meeting have been incorporated in the attached document. The Count Attorne 's Office has reviewed the chan es, if a licable. o 3. 4. 5. 6. ITEM.: ..~ FILE 0.: 09 - RPJV1- 01847 ROU ED TO: " DATEC . -~ ;~ REOUEST FOR LEGAL SERVICES DATE: January 8,2010 TIME SENSITIVE TO: JENNIFER B. WHITE, ASSISTANT COUNTY ATTORNEY OFFICE OF THE COUNTY ATTORNEY FROM: Marlene J. McLaughlin Real Prol:jerty Management @ Ext. 8922 J RE: (NSP) Neighborhood Stabilization Program Contract Addendum for 3420 24th AVE NE BACKGROUND OF REOUEST /PROBLEM: Please review the enclosed Contract Addendum for legal sufficiency, and if acceptable please sign. . ENCLOSURES: 1. "As Is" FARBAR Contract & Addenda; 2. Working file for 3420 24th Avenue NE. THIS ITEM HAS BEEN PREVIOUSLY SUBMITTED. ACTION REQUESTED: Jennifer: Please sign for legal sufficiency, if acceptable, so w/ m.y ...."., to the Chal~.. of the BCC fo,"",""o.. \ \ t!. \\0 C) t, \f:J c...\C- ~ cJ- c=:>\~ ~ ~~ J:) ~you.J~!