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<br />SEP-11-01 WED 8:20 AM HAROLD M RIFAS PA FAX NO. 305+662 8825 P 8
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<br />STANDARDS FOR REAL ESTATE TRANSACTIONS
<br />A, EVIDENCE OF TIlLI:: (I) An I 0 lill. prepared Dr broushl CUrTenr by a repulable Ind ell.iitin8 Iballlcl finn (if nol exialin8 dlell terrified II correct by In llIiSlinll finn) PUl'lIOrtinl
<br />10 be> .11 oe<>vro'o Iyn.i, of Ih" iIIa1""ncnlO a ""nl .i.1e '0 Ihe rell propcny reeoroea In lIle PUblic record, or lne eounly wberein rhe real prOperty is IOCIlCd Ihroullh Elfcclive D~IC, It
<br />shall eo.mmence wil~ Ihc arliesl publit recorda. or su~h Iller dl!e as mlY ~ customlry in the ,eounlY~ Upon dOlins ~f Lhi~ COOlra~l, the Ibitrlel .h~1I become Ihe plOp.lny of Buyer, ,ub}"1
<br />to Ihe ncht of retcnliOll thercof by flrlr monsaeee un III rully plld (2) f, Illle InSUrance eommllmelll Issued by I Florldl llcellsed hde Inlllrer IlrcelnSIO issue Buyer upon record in" or Ih~
<br />decd '0 Buyer. .11 ownGr'. poliGY or .hle in'urlllu in Ihe ImllUDl 0 rhe purelllSI price, IIllurinl lIuyers IllIe 10 the rell propeny, subject only 10 Iicna. encunibranees ClI:coptlons or
<br />qUlliliCllionl provided in Ihis Colllr,,1 Ind thOle 10 be dis~h.rlled by Seller II or before elo'inS' Seller wll eonvf)' Gllllcetabl. litl. lubjul only 10 lien:;, cneumbllllee; .,,"PIIOIII or
<br />quoliticOliolls provided jlllhil ContraeL Markellblc ull. shall be dclennined Iccordill' 10 Ipplielble Tille Sralldlrds ldoPlccI by wlhoriry 01 The Florida Bftr Ind III Kcordlnee ",ilh I.....
<br />D~).er aholl hi" , da)'1 (rDm clOI. of ......ivin. .vidence ot .ille 10 ~Irnin' II. If title IS fbuncl aerccllvf. lSu)'er Iblll within uii:l 5 d.ys DOlify Seller ill wlIlIn, .pccifyinlthe defeel(.). "
<br />dofeel(') I1lnder lilhl unmarkelable, Seller will blv. 30 ell)'. from receipI of nolice to remove the deCeell, failinl wbicb Buyer .hllll, within live (5) dlYS al\er oxp..alion of the Ihirly (30) Ill)
<br />period, deli vcr wriUellllOlie. 10 Sellcr either: (I) eXlcndillllbe rim. for I reUCInlble period nOllO IXcc:cd 120 dlY, within wbieh Seller ahlll use dililcnt e/Tortlo rclnove the defem: or (2)
<br />""IvClllinl5 a ...I\ond or ""P"III(I) paid W~i~h sh.1I be Immedlltely relurn.." 10 DUye~, It lIuy~r Rill 10 10 1I01Il}' Seller, Bu)'er ,hili be deemed 10 blve Iccepled 1110 litle II illhen il Seller
<br />shill. 1111110 IS found URmiltk.llble. IIle dlIlJl'11I e(fort 10 corrC(t defecl(l) WlthUllhal'Me prov.ded thcr"fOl. 115.llat I' unlbl. to IUIl.ly corr'OI tb. dcrcell, Ilu)'.r ,h. II oilber ..'.ive IhG d.feel..
<br />or receive I rcfund of dep05il(s), lbereby relellin. Buyer Ind SellCf from .11 runhcr oblilation ulldcr Ihi. ContneL If evidellce of rilll is delivCfccllll Buyer leIS rhan 5 day. Drior 10 elosln".
<br />BU70C ml7 ClOIGnd clo.in._dlle '1/ lbll ISIIycr Ihlll hive up 10:i dlYI nOllld.1iI ofreceilll of evidence Of lIlle lO eXlmine sallie In Iccordlnce wilh thi. SlIndard.
<br />B. PURCIIASE MONEY MORTGACE; SECUIUTY AGREEMENT TO SELLER: ^ purchlle mODt)' ~onaage Ind llIonlllae nole 10 S.ellec sh,lI provide for I 30-eIIy Irlle. period in thc
<br />'VCnl of d.flulllf. first mOrlllleO Ind I 15-dl)' ,riel period If a locond or leaser monllgc; .1I11111lOvlde for rlahl ofjreplYJIICnl In Whole or In pMrt wilboul penally' sh.lIl1Cllllil .cceleralioll in
<br />eyenl olwlllfer or ,rhe ...el property;. Ihlll require III .Illlor lien. InQ el\Cumbrancc.lO be kepi in ~oOG .ranClIIlB In forbid modificllions of or Nture aduneCllllider prior aIOngGjle(l); sh~11
<br />ICllUlre Buyer 10 mllntlln DDliclcs of Insurlnee eonlallllnl I IlaMlrd 1Il0n.qca el.vse co"er.n8 .11 unprov.m....... 10o'LAd On Iu reol propc,')' 0.001111 fir. end .11 pQril. i.rloludcd wichin thc "'ror:
<br />.eXllllldcd tOvarllle cndom:mCllls" Ind luth ol\ler nskl IJId pOllls IS ScHer mlY relsolllble require. iOla IlIIDIInt equal to rIIclr hi&hOit insurable value, .nd lite monlagc nOli and ~urilY
<br />Isrcel\,.,.11 ~1I be olberwise in form Ind c~n'~l requirClllly Seller: bUI Seller mlY o"!y require clauses an,C\ cover"e eusromlC!l)' found in morta'lff. nlortS'lo noteslnd ;eeurity IsrQC.ncnLl
<br />lIenerally uullzed by saVlnas and 10111 1II11,tullO/l. .or .'.Ie or 1I1~'01l.1 hank. loc~led en tho ,ou'")' ..,b..4.n .'h. rnl propeny .. loelled, All poraOllol propol')' ond I",loc, bGinl .Dllyoycd o.
<br />assigned will, II Seller. opllOll, lie IUbJCCllO lho ltCll\ of I lCCunly alrcemont ,vldenecd by recorded finanCing IIIIOlllenlS Ie a bllloon morts'ge, Ihe finll p.ymenl will elleeed tile Ilcflodie
<br />p'ymellls Ihereon, . . . .'. .
<br />C, SURVEY:Duyer. .1 ~uyc(, cxpense, wllh,n time IUowed 10 deh"er ''''d,cnee Oll,tle ond 10 ell'mlll. sillle, mlY bave ilia r~ll property IU....07od ond eonifll>d b)' . ~Ii..ered florid.
<br />sur"CyOr. If lhe .urYey dlsclosCl CIIeroaehlllCnls on tile real propeny or thlt .11lIprovcmenls localed lhcrcon eneloach on ~elbiltk llllCI, ClsemCDlS. lands of oLhers or violllll In)' rellritlions,
<br />COllllO.. covenanll or IpplicabllaoverlllDCIIll1 relu~lliOQ, lIIIlIm. slllll eonlUlUle I une aerael.
<br />D, TERMITESlWOOD DUTROYJNG ORGANISMS: BUYOl, al Buyll('. ellpcnsc. willtin the lime allowed 10 deliver evldeoee of litle, lJIIy hive thc Properry in5pccl~d by I FIClIida
<br />Certified Pelt Cooltol OpeBlor ("Oper.lor") LO delcnninc if there is.ny visible aclive termile infcshllon Dr visible dl1lll8e from lerlllite infeslation. 'lleludln. fcneCl. Ir either or bollllre
<br />found, Duycr .hnll h.ve 4 dlY' /tom dlle ot wrIucn no lice Illereof Wllhin wlliclllO hive coal of Ifl.IRlenl. if required, eslimlred by 11I1 OptrllOr .lId all d.moge inspected Ind ealimaled by I
<br />liccllled builder or .euerel conlraelor, Seller sb.llllay v_lid COil. of lrulrnCAl and rapoir 0' .11 domase up '0 1Il4 O"'Ollnl providoocl ill Poro.rlpb )(JU(.). It "timoled ""10 c.."ed 1ll~1 omO\ln~
<br />Buyer ah.1I hIVe the opllon of e.ntllins IIIi, Conlract within 5 dl)'s Iner receipl of conlractor'. repair Oitimlle by Biving wrillen notice LO SeUer or Buyer may elcel 10 DI'occcd IIIllh the
<br />lfllDllClion, Ind receive I eredil It elOfins 00 lbe .mOURlllrOlli<le<l in Pllalrapll XIII(I). "TCfIlUles" ahall be deemed 10 IneluCle all wood deslroyinl orllniln" required 10 be reponed ulld" Ihe
<br />Floridl POil Conlrol Act, Ii Imended.
<br />E.INGRt5S AND EGRESS: Sellcr warrant. Ind repreaenll thll Ihere il in81ClS Ind egrm 10 lIle real pfopClly sufficient for ilS inlendcd use as described in Plrllraph VII hereof. till.
<br />'0 which Is In lcc:nrCllne. witD SIIIIClarcl A,
<br />r. LEASES: Seller .lIal\' not lell then 15 dlY' bcfore elO$in8, fUrnilih 10 Iluycr copie. of oU wriu~n 100us Ind 'SlopJ'Ollcu.r. ftem e..b lenonl epcoifyinllll~ n~hlrc and dURliDn of ollG Icnom's
<br />occupancy, reolal ralCS, .dvlnced renl Ind lcc:urilY deposill plld by lenanl, If SeUer is unable 10 obllin such leller from e.eh lenlnl Ibe ume inforlllllion ,hili be furnished by Seller 10 Buyer
<br />wilhin Ihalliane periOd in lIle form of a :Seller'l IllidlVll, Ind BUYIl mlY tIIetcaRcr COntact Icnanllo confirm such Informlllion. Seller Ihlll. al closing. deliver and .ui!:n III orll'nallcasea 10
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<br />~~t~rENS: Seller shall t'umish 10 Buyer .1 rime of closing In Imdavilllleslinl to the absence. unlclS otherwise J1rovided for herein, of Iny fillancin1l statement, claim. of lien or DDlential
<br />Iicnors known 10 SellCf, Ind nallher 11I0Itinl thai Iller. IIlve been 00 Improveme.nl. or replin 10 the real propcny for 90 days immediltely prcc:cdinS dllC of dO.lnl.lf the rCAI propc,1Y has
<br />bee., In,,,,oved 0' '':Paired wlth,n ,"at h"'o., Seller .hall del....r relc:alc:a or WAJ".r.. of C.OIWl"I(.bC'n I..ns ...""'Ied by all I.narlo' 'Oftlrlctfillr., lu'bc.oDlt~CtorG. Gupphc.u or.eI mah:r,,,lmcn in
<br />eddilion to Selle'-a Itcn IffidlVil sellinl fonb Ihe na/lles of In such leneral conlt.cLOIl, .ubeollllaelor.. .upplicrs and IIlllcrillnlen, furtber .lflrmin,lhAI III eharle. for inlprOVCmen(5 Dr
<br />rcpalrs wllicll coul<l serve IS I buia for I COD'lnItlion lien or I ellim ror c10rrtllea IIIVI b.len plld or will be p.id Illh. clollnS of Ihis Conlnel,
<br />H. t'L4Clt OF Ct..~SII't,C' CI~.ill8 shall bo beld ,in thl county whero;. th. rool propeny i. loc.lord at II" offieo ol!.bo Illomey or olb.r closing osenl (.Clo~illll AI~b''') tl~it:nalcd by Seller
<br />J, liME: In compuIlRg bme perlodl of less IhIn .11. (6) dl)'s. Slrutdays. Sunda)'s andsllle or nallon.ll.gal holidays sblll be excluded. Any lIm~ penods prOVided for her"n which ,h.1I
<br />end on I SalurdlY, Sunday, or Ilell' holiday .haU elotcncllO ':00 p.Ol. ot'lhe nClot buslncu d.y. Time is of Iii. elianeeln lJIl. Contract,
<br />J. CLOSING DOCUMIlNTS: Seller thall. fumi,~ Ihe dc.d, bill of oole, eOIl.lNelioo ti.n affidavil. OWAer'l po.....io...o/liclovit, ou',,,mCnlS oIleD'''', LonDnl D"d <nong"C.e COloppel Jellon
<br />aad COrfC(livI InSlnlmCll\lI. Buyer shall fura.,b closlRlSllremcnl, monSSlle, O'IOrtlllsellole, se,urny ISlllemcnt.nd flnlllelRlllllellleDIS.
<br />K. ~X'~Nsr;s: DocIImClllary ",mps on tII. deed Ind recordinl of correclive IRllnlrnCnla lhalf be paid by Seller, Documenlary SlllllpS Ind intangible lall on Ihe purchau mooey mO~l:alle
<br />Ind In)' morralS' I"unled, morts,see tilll insurance eOmmllmenl .....ith rellted fees. and rceordinl oC purcbl.. money mortlllle to Seller, deed IlId lin.ncins It~lemenls shnll be paid by
<br />Buyer. Unlcn olherwise provided by Ilw or rider 10 Ihil ConIClel, ell.rges Cor tIlo followlnC r.lated tide acrviccl, namely litla or ab.ltlel ehllse, Ii de e~Amlnalion. and seUlemenr and
<br />closlnl fte, shall bo PIICl fly tIIo part)' responslbl. for ful1lishinl the lille evilfcnee in IccordlOce With Parlgraph V,
<br />L. PA.ORATIONS; ,CREDr~'S, To~..., ~'''''r.uql', 14ll1, in~.'lI6t., in,ur.ne. Ind och~r .lIpense. of Ih. Proplny Iltlll be ptorllod throulA Iho doy be>foro .J...in" Du)'.. .1,011 h.ve lb. op"on
<br />or lakina OVCl elIMinl palicles of IDlunnee, If ISsumable, III which evelll prelllJUmS .hln be proraled. Cuh al elOllnl Ib~l1 ~ Inerelsed. or deefCIsccl as O'IIY tit: IllQuircd by prorillon. Le
<br />bO maClI tIIrOUlh dly prior lO clo.tnl. or occup,ncy, If occupancy occur. before el05l11S. AdvllICI 10m and '"Ullly deptlilll Will be CCcdlled ro Bu)'er. Escrow dcposil. held by nlOttal,ec
<br />will be crediled to Seller. Tncl 111111 be pc~rllCd .blsed on Ibl eurrcnl year'l IIll with dlle 11.IoWlllee made for m~lIinlu'n allowable dilcovn!, homCSleld Ind olllcr nelllpUOIII. If clOSing
<br />occurs II a dlte when the current year'1 mlllalc II nOI fixed alld curr.nl.yca(s IlIeSSmenl IS IVlllable, lI11es,wllI be proralld blsed llpon IUch "ac15menl .ndprior yC<lr's mil"'~e. If
<br />current yell'-. ..seumenl, il n~1 ,.,.lIable, then laxes will be plorlled on prior Yllr', lax, If Ihere III complelcd Inlprovemcmll on the rClI propmy by lanu~ry hi of year of closing, whi~b
<br />ilnp'ov~n"l\1I we.... nOI III Oll'"CIlCo On JanUl1)' hI 0' I'"or y.a.. I".n t..... ....11 b~ proro.cd .....d upon prior y..'" m,II.,. and o. "" oqu"o!.lo o~~c"",onl '0 be .;rc.d upDn bclWGen
<br />Ihe paniff; flmnS which, rcquOit aholl be mlde 10 Ih~ County Properly ^Ilpcaiser for an informlll I..eumenl liking illro Ic:.counl IVlllable ellempliolls, ^ IIX proralion bosed on In es:imale
<br />shall. at requClI of either pal1Y, be readJulled uplln receipt Olllll bill on coDdibon Nt. ItllCnlellllO Ihat effecll' "Ined al CIO.IIIS.
<br />)I, SPECIAL ASSt5SMENT LIENS: CUlified, confirmed Ind ratified special I..eumentlien, IS of dlle of elOllnl (nol as of Eft'cctive Dlle) Ire 10 bl paid by Seller. Pendin. liells IS of
<br />date of elo.inSlhlll be IUllmed by Buyer. If rhe improvemellt haa be~ lubsllnlially eompleled II of ECfcc:tive Dlte, Iny pending hen sh.lI be eonaidered eenilic4, eonfinlletl or rabned
<br />and Seller a11II1, at clolinl, be ehlrled In IIROIInl equ.llo the IISl C411mILC Dr ..SllIllIenl for lbe improvemenl by lbe public body,
<br />N.IN5PECTIOJl/, RltPAIR.sJIlD MAINTEI't...NCE, S.II.r ....rranl. Iballh~ ocilinl, roof (in.ludinllA. f..cio olld IOmlS) and ...IGrior rend in...ior woll~, (ovlldolioll, .e~w.II, (or e'lvi.ol.",)
<br />Ind dOl:klSC do DOL hive Iny Vitibl. BvideDCI of IllIks, waler dllmlge or Ilnlclural damale aod thlt lhe leptie I.nk, pooll III IpplilllCCS, mechanical ilcms. healinl, COOIiIlI, eleClrieal, plurobina
<br />.yslem~ Ind mlchinery Ire ~n WOrk!"~ Condition, The for'goins ~Irr'nty shill be limilc~ 10. the ilemss~ccified unlOlS Olnerwl.e provided in I~ Iddcndum, Duyer may, II B\lyer's expense, blvr
<br />in.,.c..on. m.de or !ho.e .l~ma w.IA,n 20 "ays l.l\cr .... lilteGlIve Do..... by . linn 0. IndlVldvol .p.....heln. III bOlnl ul.pcelaORl ond ho1chnl on "",,potlono' Iieen.so for such purp.... lif
<br />lequired) or by an 'llprollrialcly licensed Florid. COOlractor. lInd BuyCf shall, pnor LO Buyer'. occupancy bUlllOI more llIan 20 day, ,ner Effective DIle. repon in wrilinllO Seller sue" ilenls that
<br />do nOI meel lbe above atalldlrdlll 10 defecll, Vnlen Buyer limely reports ,ueb deCeetl, Buyer sh.1I be deemed III have wlived Seller'. wlrranlies IS 10 defect. DOL repolled, If repailS 01
<br />"pIOG.me,," I.e r8<lviroocllo oomp~~ wilh rhl. S,"ndltd, S.ller .h.ll .IV,O .hem ... ~ m.... 'n~ sholl pi)' "p '0 Iho Imollnt proyidod ill Poroli~ph Xttl(b). SoU"r I~ nOL required 10 mokG ...""in 0.
<br />~elllacemenLS of a Cosmellc Condlllon unless tlllaed by I, defect, Seller II lCSpllnslble 10 repII~ or repllce, If Ibe e~11 for such repllr or replacement. exceeds the lmounl providcd III Plrair~..h
<br />X1J1(b), Buyer or S~lIer mlY elccllO PlY lueb .xcell, fa\lIns whl~h el~~r.party msy ~.nte' lhlS COlllrlCl, If SellCl la. Wllbl~ 10 co.-recll.be defQCIS prior 10 closinS, the cost Ihereof .hall be paid
<br />iOlo .scrow II elOllns. Seller IIIall. upon rellaonDble nOllee" prOVide UUllllCl .ICCVICC Ind lecess to Ihe. Property far InlpllClIDCII, .ncludllll a w.lk.lI\rou,1l prior 10 clo.in~ 10 confirm thaI all
<br />il~,"s of personll propertr. !Ire on Ihe rcal prDP!lflY. Ind" SllbJCCllO l~e forelO!ng, 1Il11111 req~lred r'plllS ~d rcptlcem"''' hili' been mlde Ind 1Illllhe P~olle"y, includlnr. bUI nOllimiled 10.
<br />I.wn, ihlllbb~ry I,nd poo , If Iny! hIS been mllolAlRccllR l/ie eondlhon elustllll u"of Effa:llve Da~e, D~~'nlry weir alld ~It excepled. for pUlposes ollb.. ConlCact (I) .Wor,kias Colldil.ion"
<br />mcan. opocollnl In tl.o manlier In whICh chi 'Iem waa dGlllintd 10 eporll'j (\I) Co,mGI'G Concllllon moone o",lhollC Imp.doo'IOn. rho, do 1101 Irr~'t Ihe ..orkin, .ondit,on or !he ilern
<br />includin&. but nOI limited lO: piued m"rc;jlo, millina or 10ro screen.: rolled windowsi le.rs, worn spots, Or discolor.tion of tloor eoveri"I', w.llpaper. or window lI'CulIl\CnLS; nail bolCi~
<br />sClalchcs. denlS. ICllpes, ehi~s or eaullti!'l. in ceiliog,l. walls. noorias, 1i~IUrCS. 01' mirroraj and minor cracks in floors. tile.. windowl.. drivcw~YI, aidewal1cl. or pool decks; Ind (c) era~ked
<br />roof liles. eurlins or IIIOIll .hllllle., or bmllcd roof life ahall nOI b. collllllcrcd dcfacll Seller /lIUIl repllr or replace. so lont as Ihele IS 110 cvldence of .etulllelk. or ICllkale or ILN,nHII
<br />d,mlllf. bUI miuin,lilCl will be Seller's rc.~pIInsibility III repl.te or replir,
<br />0, JlJSK OF LOSS: If the Property, is dam"ed by lire or olber tIIuallY before closin,lnd eOSI of restontioll docs nDI elleccd 3% of rhe "lCned Vllullion of Lhe Propc~y so d3ml!:ed,
<br />CCl.I 01 ",.Iorllion .hoU bo .11 obligatIon or S.Uer ond ~lo.:ilnl ,boll p""ocd pVrGUoo'lO .ho _ of IhlS COOItOCl Wllh re'Torahon COlli Clerowccl 01 Glol,nl' If ,he CDDI or ''''IO,olioo elleeed.
<br />3% of the welsed valualion af the Prop,ny 10 dallllltd. BuyCf .hln hive Lbe option of eilh" l&Ir.inl I.he Plopcny " II, LOaclhcr wilb either lIle 3% or Iny insunnee Dloeeeds D.y.bl.
<br />by virtue of suth loss or dlmagl, or of e'lICClinllbi. Conlracl Ind receivina retul1l of rite deptliil(s).
<br />p, PROCEEDS OF SALE; CLOSING PROCEDURE: The deed shill be recorded uplln elelrante of funda, If In Ibstnel of tille hiS been furnilhed, evidence of lille .hall be eonliQued II
<br />Buycr's fllDcose 10 .bow title in Buyer. wilhoul Iny ~cumbrance. or ehanl1e which would n:nder Seller'1 lille unm.rkellble from the d.le of the lilt evidence, All eloainll Ilrocceds sllall
<br />be beld in C4erow by Seller'a .UOtllDY or olher murually aeeeprable escrow .a'1I1 for I poriod of nOl morl I/IIn 5 dlYI .(\&c elosinl dlte. II S.UCl's tillo is r~nderc.1 unmarkelable. IhrDuih
<br />no ~ull of 8uyer. Bllyer 111.\1, wilhin rhl:. '.dIY PClioel,' oOlify Seller in wrllin. ~, Ihe dGfa.," Ind Soli", oh.1I b~~ 30 day, fro", dOle of rec:eip. or ,ueb noliOc.lion 10 ~"I thl: dcfeeL Ir Seller
<br />f.ils 10 lim~ly cure Ille dcfCC:L all depolll(l) and closm.. funds shall, upon wlIlIen demlnd by BuyCf .nd wllbln 5 dlYS InOl dellllnd. be returned. 10 Buyoc Ind. 'U11Ull~IICOU'IY willi su~b
<br />rep.ymeDI, BU)'OlIIl~1I relum the personal property, vaCIII Ibe rell property IIId reeoQvey the Prop,rty 10 Seller by 'pe"al Wlrllnly da:ed Ind bill Df nle, If Buyer fill, III make Iirllcly
<br />demllnd for r.lIlnd. Buyor shaUl&k. tille Ii is, waivinl .11 rilh.s ai_ins. Seller IS lD Iny inler.eniOI dcfllCl ClI.eepl IS mlY be IVlil.ble 10 Buyer by virtllo of w"T4nlies eonlalnccl in lhe deN
<br />or bill of IIle. If a ponion or the Durehue Drice il III be derivccl Crom institutionll fiolnci... or refin.nei.... rCQuiremenll of the lend in.. inslitlltion 'S 10 place. Ilnle of dlY and proc:e<lurcs lor
<br />closin" Ind for dilburacmenl of nlortllllle proceeds sh.11 conuol over conu.1')' provi.tion in thIS Conlrael. Seller ,hill baY, Ihe riahl to require from lbe lendlnl inslltution I writLen
<br />cornmltnlent Ihal II will nOI wilhhold disbursemcnl of lC\I/na.S. proc;ecds I. . ..oult .f IllY lide ...f""l c.tribulDbl. to auycr-rnOl\l"sor. The cs"row Ind elosillS procedure required by thts
<br />Slolldlrd sh_1I be waived if the tilll.eenl inlure. advct1e milieu pur,ulntlo Scc:rion 1527.7841. ",5..11 Imendccl,
<br />Q, ESCROW: Any cser~w Ilenl ("Ase~l') r.calvinl funds. Dr equiv~lent is aulbori.uclllld 'Irees b)' a"cplance of Ibcm 10 dcpoait them promplly, bold same in escrow Ind, aubj~~l.to
<br />clearance, disburll them III Iccordlnee wllh terms and COndlUOns of IhlS CoDlrlCl. '1IIurl of fund. 10 elelr ./1111 nOI IlIeU,. Buye.-s performancl, If In doubl" 10 Ason(s dUllCl or lIabllllles
<br />und.... the provilionl of tbi, Canutet. Arenl may. II '\&en(s olllion. conlinue to hold Ihe ~bieet mailer of Iho Clerow until the {IIniCl herelo Illrce 10 ill di.burlemenl or ulllil . judeel'llenl
<br />of I COllrt of eompelCtll jurisdl"ion ,I1aU dcllrminl lIle riShtl of the p.rties, or Ascnt m.y dCPOIil .we with Ihc clerk of the cin;ull court blvinl juri,diclion of lhe dilpule. Upon nol; fyinSl1l
<br />plni~1 conecmocl of IlIch aelian. alllilbilllY on lhc p.n ot A&ent ah.1I fIlllYlCnninlll, necpllO the eXlCI\l of lCCouDlill1 for .n" i\ams previou.ly dclivered ou. of escrow, If I licensed real
<br />OlOle brok..., Asent ",ill eomDly "'ilb provisiolls of Chapter .75. '.5.. IS l/lICI\ded. Any luil belween au)'er .nd SellCf wherein AJlCnr i, made I pany beelUse of lelillll " A,cuI hClCund~r,
<br />or in any luit wherein Alenl inlerplelds Ill. subjecl mlllar of Ihl escrow. Alent shill recover relloDlble 'Uol1ley'. fees and eOSla incurred wilh these ..nOllnli 10 be plid frolD Ind DUI of
<br />Ihe escrowed Cunds or equivllenlllld charled 10~ Iw~rded IS court COlli in favor of the PR,vlilinll plrt)'. The ^Ient shill not. be Iilble 10 In" pany or pcrson for miadehvery 10 Buyer 01
<br />S.ller 0' itrln\t ...bjeel to IU escrow. unlcu IUch trIisdehver,r II dve 10 w,lIful brcleb of lbo prOVISions of this Contracl or IIroll na\lllllclICl of Allelll.
<br />R, ATTOIUiEY'S fEES; COSTS: "In.ny Iilia'liOn, ineludinS brelell. enforeemenl or inlerpretalion, ari.inl OUl of Lhi. Contrle!, lbe prenilins parly in neb Iitilition. which, for purpOlel of
<br />rlli, sllndard, Ihall in,ludl Seller. Buyer Ind any Ilroker. Icrlng In alency Dr nonllCllC)' relllionlhips IUlhori&ed by Cblpler ..". P.!.. IS _mended, .hlll be entilled 10 recover l'tom lbe
<br />1I0n-pIClvail in, p.rU! "1,oMble luornCl"slce., COlli IlId ellllCll\'cs.
<br />S, FAILURE 0' PERFORMANCE: If Bllyar f.lI, 10 perform thil ConlCaCl within lbe time .pccified, includinl pa)'mcnl of III depoaill, 1M dcposit(s) paid by Buyer and dcposil(l) larced 10
<br />be paid, mlY be rccovcrccl Ind rel,ined by Ind for lb. le,ounl of Sellar II Ilrced upon liquidlltd dlllll.... coDliderlrion for Ill. eleculion of rhis Conlr.el Ind in filII setUement of Iny
<br />el.,,,,s; whereuDDo, Buyer 'lid Seller shall bl relilved or III obllJlltiolll IInc1Cf Ibis Conltlet; or Seller, It Seller's oplion. may llCOCecd in equily 10 enfor" Sailor'. rlahls undor Ihil Contrac!.
<br />If for Iny rellon Olher Ihln flUur. of SellClIO make Selle'-s rille m.rkcllble l/let dilisent effort. Sellar fails. nellcels Ot refusellll pclform thi. Contrlel, Buyer mlY leek spccilie pcrroolllnee
<br />or .leellO lUIlv.llle relurn of Buycl'l depa.il(') wiLlIoullhcroby ....ivina -n7 aeliOD for dl"'o_ ..o..ldnl &om 3ell.... b..oob.
<br />T. CONTR.A.CT NOT 1l1COIU)....LE; 'EIISONS BOUND: NOTICE: Neither this ConltlCl Dor Iny notiCl of ilshlll bo rccorclcd in IOY public rlCOlds, This CorllraCl .holl bind &lId inure
<br />lO the benefit of the partie. and lhcir I\lCCISSOf' In InlerOl!. Whenever the conteXI ponniLS, sioaulat IhllI jnelude pluul .nd one ,ender shan include III, Notice livcn by or 10 Ill' IlIomey
<br />for .ny peny .hlll bo IS erreclivl ISIC liven by or 10 rhll feny,
<br />U. CO!\IVItV...NCt. Seller .b.1I COIlVly lir)e lO lbo rea pfoperlY bll 1lI1IIIOIY wlITanlY. LNllce'L DCl10nll rCllmental;v.'s or Ju.relian', deed. as Ipj)Coprille 10 Lbe .lalul of Scller, .ubjccI
<br />only 10 mlllCn a:onllincd in Psraaraph VJI IlId thoIo odlllfWiae ICCepted by BlI)'Cr. PellOul propQ(1)' Shill, Illbe rcqllC$l of Buyer, be It'lI,reITed by In Iblolule bill of ..Ie Wilh warr~nly
<br />orlllle, IUbJCC' CIIIly 10 ,uclJ mell_ .. ""'7 be olhcrwia. provided for h.....in,
<br />v. OTfmR I\GJU;t;M~S: No Pl\Of O' 1lfCf\llll 11ItlIlI/f\IlIIl, Ilr rllp(llljllttllllon, ,hlU be billtlinl upon Buyur Ilf StllIlIf ulllewa inuludllll in thi. Conlner. Nu morJlne.lion lO or cllanll" In 1~ls
<br />Conlllclshlll be y,liel or bindin, "poD tho particl IIl1lcss in wrilin,lndaxccutcd ~ Ibc piny ~ pornce intended 10 be bound by. il. .
<br />W. WARRANTY: Seller w.rr.nIS thlllbere ani 110 fleu known 10 Seller mllCl1ll1y .fl'CCllRllhe Yllue o/thl PropertY wlueb ani nol read,l)' observlble by Buyer or wbieh have nOI been
<br />diltlotlld 10 ~~../ ,
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<br />~~l.~s ~ ( ) and S~M.e:JoHT IllllITKBJJIUDABAKAND~~g:J~~~~~~~~~::&t:s~tbfl page.
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