FHA Purchase Agreement Addendum #2
FHA PURCHASE AGREEMENT ADDENDUM
FHA CASE # 095-1732687-703
I.FHA AMENDATORY CLAUSE
For value considerations, the undersigned Seller(s) and Purchaser(s) do hereby amend the Sales Contract between the Seller(s) and
Purchaser(s), dated _ covering the following property:
380 47th Ave NE, Naples, FL 34120
by incorporation in and adding to the provisions of said Sales Contract the following:
"It is expressly agreed that, notwithstanding any other provisions of this contract, the Purchaser shall not be obligated to complete the
purchase of the property described herein or to incur any penalty by forfeiture ofeamest money deposits or otherwise unless the
purchaser has been given in accordance with HUD/FHA or V A requirements a written statement by the Federal Housing Commissioner,
Veterans Administration, or a or a Direct Endorsement lender setting forth the appraised value of the property of not less than
$ 91,800.00 The purchaser shall have the privilege and option of proceeding with consummation of the contract
without rcgard to the amount of the appraised valuation. The appraised valuation is arrived at to detennine the maximum mortgage the
department of Housing and Urban Development will insure. HUD does not warrant the value of condition of the property. The purchaser
should satisfY himself that the price and condiiton of the property are acceptable."
2. REAL ESTATE CERTIFICATION "We the undersigned. hereby certify that the Contract to Purchase attached hereto is atrue and
accurate representation of the tenns of the sale of the subject property. We further certify that there are not terms or conditions relating
to this sale that are not disclosed in the attached contract.
WARNING: Section 1010 of Title 18, U.S.C., "Fcderal Housing Administration Transaction," provides: "Whoever, for the
purpose of - influencing in any way the action of such Administration - makes, passes, utters, or publishes any statement, know
the same to be false - shall be tined not more than $5,000.00 or imprisoned not more than two years, or botb." Other Federal
Statutes provide severe peualties for any fraud as intentional misrepresentation made for the purpose of influencing the issuance
of any guaranty of insurance or the making of any loan by the Administrator or Veteran Affairs.
I/We certify that I have read and understand paragraphs I through 2 above and acknowledge by my/our signature that I/we
have received a copy of this document.
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Purchaserl \';~ ~
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Purchaser!
signature
Purchaser!
signature
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Date
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Date
Date
Purchaser!
signature
Selling Agentl
signature
Date
Date
Sellerl
signature
Seller!
signature
Date
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Date
Listing Agent/
signature
This form must be signed by all Seller(s) and Buyer(s) as well as the Listing Agent and the Selling agent. Please return the
original to: 500 I Kingsley Drive. MD I MOB 2S, Cincinnati, OH 45227
Date
Approved as It') fiHl"I1 ~ It":jdl :)\Hfh;lency
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C unty Allorney <3. ~
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!0074301 041 022
FHA PURCHASE AGREEMENT ADDENDUM - 1/2003
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NEIGHBORHOOD STABILIZATION PROGRAM
Property Address: 380 47th Avenue NE
Folio Number: 38607440006
SUBSTITUTE EXECUTION PAGE
Date Property disposition approved by BCC: May 11,2010, Agenda Item 1601
AS TO BUYER:
DATED:
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ATTEST: . ,
~DW. I....T'~, .~'~O..c ,K' Clerk ~
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,Att~st U t~ ,61ffll&lIC~rk
J I1naturf' '04. f
BOARD OF COUNTY COMMISSIONERS
COLLlER,COUNTY, FLORIDA
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BY' ;' \.',,1," 'r\ J',
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Fred W. Coyle, Chairman \'
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Approved as to form and
legal sufficiency:
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Jenni er B. White
Assistant County Attorney