HomeMy WebLinkAboutReso 2001-362
RESOLUTION NO. 2001- 3/a'N
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY
ISLES BEACH, FLORIDA, INCORPORATING THE RECITALS
CONTAINED HEREIN, APPROVING THE PURCHASE OF SELLER'S
RIGHTS TO EASEMENT FILED IN OFFICIAL RECORDS BOOK 9175 AT
PAGE 50 OF THE PUBLIC RECORDS OF MIAMI-DADE COUNTY ON
DECEMBER 10,1975 UNDER THE TERMS AND CONDITIONS PROVIDED
IN THE CONTRACT OF PURCHASE AND SALE ATTACHED HERETO AS
EXHIBIT "A"; AUTHORIZING THE CITY MANAGER TO EXECUTE
SUCH CONTRACT AND DIRECTING THE CITY ATTORNEY TO
PREPARE ANY FURTHER DOCUMENTATION TO EFFECTUATE THE
TRANSFER OF SUCH EASEMENT; PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the Mayor and Commission, on June 21, 2001, by Resolution 2001-342
approved an Option to Purchase approximately three acres on which the Tony Roma Restaurant is
located at 18050 Collins Avenue as a City Hall ("Roma site"), and
WHEREAS, in the course of examining the title on that site, an easement approximately
sixty (60') feet wide by approximately two hundred and fifty (250') feet long recorded in 1975 and
belonging to an owner different from the Roma site was discovered; and
WHEREAS, a purchase agreement has been negotiated for the easement in the amount of
$10,000 with the remaining trustees of the owner, a dissolved Florida corporation, which now
requires the approval ofthis Commission in order for the City to build the City Hall contemplated for
this site;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF SUNNY ISLES AS FOLLOWS:
Section 1.
Incorporation of Recitals. The recitals set forth above are hereby incorporated into
this resolution as if same were fully set forth herein,
-1-
Pi.UChu,3C Gf RGlli... E...3CiIi\:iJ.t
Legislation/Resolutions/ Attorney
LMD:ch
4:23 PM - 9/13/01
Section 2.
Approval of Contract. The proposed Contract for Sale and Purchase by and between
Golden Strand International Inc., a dissolved Florida corporation ("Seller") and the City of Sunny
Isles Beach for the purchase of Seller's rights in the easement recorded in Official Records Book
9175 at Page 50, of the Public Records of Miami-Dade County, located on the southern property
boundary of the Roma site attached hereto as Exhibit "A" hereto, be, and the same is, hereby
approved by the City Commission of the City of Sunny Isles Beach.
Section 3.
Execution of Agreement. The Manager is hereby directed to executed said contract
and the City Attorney is hereby directed to prepare and approve any further documentation to
effectuate the transfer of such easement to the City of Sunny Isles Beach.
Section 4.
Effective Date. This Resolution shall be effective upon its adoption.
PASSED AND ADOPTED this 13th day of Septembe
ATTES1': .
~' ./' I
,', J
.'
. .
'.
'" .","
., 'I'... i~' . ~.~.. '. ~ '
APPROVED AS TO FORM
AND LEGAL SUFFICIENCY:
-2-
Pu.l'chu:;;:: \:if RDIT'lU Eu.3ClliCiit
Legislation/Resolutions! Attorney
LMD:ch
4:23 PM - 9!13/O1
Vote: 5--0
Mayor Samson
Vice Mayor Kauffman
Commissioner Ede1cup
Commissioner Goodman
Commissioner Iglesias
PurCh...3C Gf RGlli... Eu3crrIcnt
LegislationlReso lutions/ Attorney
LMD:ch
4:23 PM - 9/13/01
VCY es)
V (Yes)
~(Yes)
V (Yes)
-iL.(Yes)
Moved by:
Seconded by:
" , C <;;. rn Pt-"lo t1t l< Ptll F F= rn ~tJ
c.C>h-\ ~ \ Ss ,() t\) ~~ ~_t>E.LC.U f'
_(No)
_(No)
_(No)
_(No)
_(No)
-3-
..
SEP-12-01 WED 8:18 AM
HAROLD M RIFAS PA
FAX NO.
305+662 8825
P 7
CONTRACT FOR SALE AND PURCHASE FLORIDA ASSOCIATION OF REALTORSIIll AND THE FLORIDA BAR
l'AIlTIES: Golden Strand International. Inc.. a dissolved Florida cor,p. ("Seller'). I
DL.J.ll€-.llasro.2l.ia Point Blvd.. Cr..n COVQ S.pring... PL (rbone)904-284-4GS3
.nd f~:i~ o~ ~~~:YJ:;~~ :::~h ("Buyer')
of 0 0 IL.A Y. talea BAl!lt!h, PL (phono) ]Or;-~4'-0606 " .._._
bereby .,n:e Ih.t Seller Ih.lllellllld Buyer .b.lI buy Ibe (ollowinl dClCribed real propcnYllld periollal ptopln)' (colloctively "Property") pur.UIIlIIO Ihe lCnns .nd condillona of \hia Conlt.cl
for S.le .nd l'urchue .nd .ny ridera .nd .ddllnd. ("Conlr.er"):
I. DJ:SCRlmON:
(.) Lea" deswiprion oflho Real Property loc:.1eCI io
S I . E
Records of Miami-Dad. County.
(b) Sneelldelrou, eiry,l!ip, l.'rlh. Proporty is:
(c) t'craonal t'Topc~:
N~nllll
hI:! Public
- ~
n. PURCIlASI PRICE , . , , . . . . . . . , . , . , . , . . . , . . . . . , . , . , , . . . , . . . . , . . .
rAYMENT:
(I) DcP04il bcld in Q4CfOW by Harold M. Ri fas. P. A.. (Eaerow Asent) in \he: .mount ols
(bl Additio".1 escrow ckposil 10 be NcIe 10 8ac:fOw AICIII within _daYI oner BUCCliv. O.re (occ 1""11'0'" UI) in rho ._..", ofS
(C) SUbjCCl to AND lS~umplion or aisblll DIOI"_Il: in plOd Illndinl ill f>>vor of
h.ving.n .pproxlnlQII prcaCftI principal b.l.nce or . , . , . , . . . . . , . . . . . . . . , . . . . . , . . . . , . , , , . , . . , . , . . . . . . . . . . .$
(d) New lIIor1aaao linaneilla wilh . Lender (see Paraaraph IV) in lhe ,mounl of, , . , . . , . . . , . . S
(I) Purehlse Money nl""lale Ind noli to Slllar (,o. ridl' fo, 10""'1) iI\.h. '",ounl or. . , , .. "."". , . . . . . . ' ., ,.,....,",....~
(l) OIlier: 5
(I) 9.lan~.... elo.. by U.S, cash or LOCALLY DRAWN cashier'. or Dm.ial ba/lll eblek(a). lubjeel 10 ,elju.lmonl.: Dr pror,"iDr.. . , , , . . s 9 . ~ 0 0 . 00
III. TIME fORACClt'lANCEOrOl"nIl.; EIIl1ECTIVl: DATE: F ACSIMIU: Jrlhi. offet i. 1101 """uled by and delivered 10 all pOlti.. OR FACT OF EX;cUTION eonV\",nieo'"d il' wri'inl
bellllecntheplnjeloDorbcrorcS.pt~.r 11 th. 200 1 .thedepo.it(I)..iU..IBuyer'loplion,ber.Nmed.ndlhi.olTorlllilhdr....n.Forpul'llOlClo{dcliveryornoliclol
exccution. poniel include Buyer .nd Soller or each of the rClipeeuve brokera or .rromeYI. The d.1I or Conuact ref1'oelive Dlle') ...iIl be Ibe d.re wben Ihl I.S! one oC rhe Buyer and Seller
hIS .ilned Ihi. olTer. A f.Cllmile copy oflhi. Contrael and lnYliJllalurel hereon ahlll be considCl'ed fDr.1I pUlpo,,, lS.n oriswl.
IV, rlNANCINCi:
DCI (al Thil i. . cash &nn'~clioD with no continll'n~l'. tor fiD.oc"'l;
[ ] (b) Thi. COl'l(.el i, condilionccl 00 "")'er obllini/lS' wrilleD loan e:ommilmcnl wilbin _ daYI .ner Emxllve D.le for (CtUlClll. ONl: ONLY): [ ] I fixed; I I.n 'OJuSl.Ole; or [ ] I
/ixcd or .dju'l.ble rale leln in the prineip.1 .mounl Df S . .1 an inirial iDlerAr r.le nol 10 exeeeo %,
eli,eount .nd orilin'lion rlCl nOllo ax...d "orprineip.llmOunl. and for olenn of _ )'e~IO. Buy..r wiU moko oppli.o"oa within __ do)'. (3 d.). iCieR blankl
.n... IOfFective D~II I/ld U'I ,....oRlbl. diliaenee to DbtJIio . loa. CDmmillDCnl anel, lher..n.. ID .aliafy 1cnw14 AIId eonelilioM of Ill. Cl.'mmi.....nl .nd olole .he loan. Buyer .ball po>, .1I10.n
IlIDen.c.. If Bu~cc f.UIIO obllin . eOftllllil/llelll or faUi 10 waiVe 8u~er'1 rlahl, uncler Ihi. lubpar..rlph ..ithill the rime for obllinin. I cOlllm;UDenl Dr. .nar dilillClnl err_. f.it. 10 .....d
\he lerms and conditionl o(!he commilment by Ihe clOlinS d.le.lhell eilber p.rty !hele.fler. by wrillen l)oricelO lhe Olber,may c.lIeellhii Contract and Buyer IhRII be refunded Ihc deposil('); or
I ] (c) The cxillin. mona'll', described in Parlll10pb IICe) .bove, hili: [ I' variable intcrlal rarc; or [ ). fixed i.tereol roll of '4 pel 'Mllm. Allin.. of Ull. lno...fcf.
lome rlXed inlwCllralel arc lub,iecl 10 inerellc; if im:reued, Ihe rile lhall nor exceed % per .nnUm. Seller Ih.1I fumilh . lI.tel1lCl'll frDIn etch morls,see ''''IjnS \he
prineip.1 b.l.nel. mcl/lod or paymenL inrcrelr fill .nd .1.lUS of mons.11 or IUlbori%1 Buyer or Clolinl Alelll \0 obtain the lime. If Buyer h.. .arced 10 Issume a mona1lle ...bich requires
Ipproval of Buyer by Ihe mortg'sce Cor ...umplion.lhcn Buyer Ihall promptly obllin rhe necen.ry .pplicatioo and diliaently complete Ind ltllllm ir 10 lite mona.ace, MY rrw"!plle ch~rle(S;
not 10 exceed S (I % of .mounl.ssumccl iflen blank), sh.lI be paid by Buyer. If Buyer is \101.eeepted by OIOltgallco or lho rcquiremenu Corllsumplion
are nolln .ecor<l3nee WIlli lhc renn. or Illl. ConU.el or morlgallct makes a cbarllC In excelS or lbe al.1eCI amounl, Seller or Buyu m.y rescind Ihi. Conlr.el by wrillen ooliee ID t/le
DI~er pany IInleu either eleela lD pa7 the incrcue ie intercol ra~ Dr exec.. mArllllc .harlcI,
V, TlTLE EVIDENCE: Ar leasr ~ day. befor. clo.inS dala, (CHECK ONLY ONB): Dtl Seller shall,.t Seller'. expense. deliver 10 Buyer or Buycl'. .norDcy: or ( I Buyor .halllr Buyer't
expcnlC obl.in CCneCK ONL V ONE);( ) .bstrael Orlillo; or IXllill. insurance commilll\Cnl (with legible copies of WlNnleDI, Iilll:d IS elltepliollt 'luehcd Ihereto) .nd. aner clolins. .n
owner'. policy Dr lille Inauranee,
VI. CLOSINCi DATE: Tnis llanS3elion .".11 be eloseO anO IIIc eloSillg documentS Oclivcre4 on C Rea addendum) . unlclS 1II0aancCllly OlnOl provislona
Dr Lhi. Co..trt.~
VII, RESTIUCTIONS; EASEMEN1'Sj LIMITATIONS. lluy.r .h.lllak~ litl~ subjllel 10' eompr~h~n.iv. l.nd u.~ pt.ns, 'Dninl. re'lti.,i"n., prohibition. .nd Olltlr requir.,ncnl' in'po.ed by
,ovcmmenral .ulhorilY: rCllrietionl .nd m.tten .ppe.rinll on the pl.1 or olhClWile common 10 lhc .ubdivision: oUlOllndinll oil, ,.. .110 Illineral riebls or record wilhoUI richl of enlry; public
ulility nscmenll of record (e~scmcnu Ire 10 be loc.led contiguoullO rCII property linea IIId nol mDre Ill.n 10 fc.cl in wiellb "10 rh. rear or C'onlli"e. .ni! 7 III fect ill widlh u 10 the lide
lines. IInl... olherwlUlllted herein); I'Xes ror ynr of closina .nd lubu'IUCIII ycar.: ISSIImed mortg.gCl and purchue money monsllel, if .ny (if Idditional ilcml. we lIc1clendum);
provided. lhlllhere exillS.t elosio, no viol.lioll oflhe (oreaoinl .nd none prevenr ule oEthe Property for municipal use purpoie(s).
VIJI.OCClJP~NCY: Seller wan.nt. \/Iar Ihere Ire no p.nica in occUP.m:y olber IhlD Sel1cr;~KjUD"J'~XitJR'Ri1tM_"~IIcHIlClXbimucJllodKDO~Ma~
.0ll*MIJGO(*K~~R.>d_1llMlMrJo1O~1k6c Seller .b.1I deliver occupllley 01 Property ro Buyer al time or closina unlCliI olherwile III led hercin. If occupancy
i. 10 be dclivCl'c:d before closilll. Buyer .IIUDlCli III rilk. 011011 10 Property trom d3te ot occupanc)', .hall be rClipoDlible .od Ii.ble {or m.inrcnlm:1 frOIll lMt dlile, .nd .hell be dcc:med
10 have leecprcd Propeny in ill cxillins coodition II of lime ot lakioS occuPlocy unlen otbcrwile lilted berein.
IX. TYPEWJUTTF.N OR 8A.NPWRJtTEN PROVISIONS: Typewritlen or bandwrilleo proviaions, ridcn; .nd .ddendllhlll conlrol.U printcd provisions oltbi. ContracI in connicI witb rhem.
X. RIDERS: (CHECK Ihose ride,. which .re .pplic.ble AND .re .n.ehed 10 Ibis Conlncl):
[ ] COMPREHBNSIVB RIDER [ ) HOMEOWNERS' ASSN, [ 1 COASTAL CONSTR.UCTION CONTROL LINE
[ ] CONOOMINlUM [ 1 "AS IS" [ ) INSULATION
[ }VMHA [ )LE.AD-nASEDPAlNT (XI Addendum
XI, ASSICNABILltY; (CHECK ONLY ONE): Buycr [ ] mlY usign Ind Ihereby be rolclled from .ny furlher liabilily under Ihi. COtIll'.CI; [ I m.y ...illl ~~~IOIllIi'bililY
under l/Iis Canlr.et; or !XI may nol .Hilll this ConLrlCl,
XII. DISCLOSUI'lI.S:
C.) Radon ill n'lurally QCCurrins raclioaclivc.u WI wben .ccumullled in . bllildins in lufficicnt quantili.. may prClenr he.llh riaklto perlOOI who are oRposed ro il oVCllimc. L'~lb of radon
Ih.rcxecc:d fedwlland .tale fllidclillCl hive been found in buUdinJ' ill florid., AddiliODel inform. lion rlludillS R.don or RadoD resling OI'y be ob~incd from YOllr County Public: Hcellh unit
(b) Bu)'Cl' actnowlCd&CS rcccip oflhl flOrldllMldln, ~erl)l.l!m-elency Rarlns SYSlem 8rocb\ll'c.
(.) Iflbe rul proper'ly .n..lud.. p.....I!l'7. ,.Iidulial boulinslhcn .Iud-bucd p.illt rider i.llllnd.lory.
Cd] IlSelllr i.. -rDreiaft penon" .. defined by tile Poreiln luvutraenl in aul_P!opcny Till Act.lheplrtiCl Ihlll c~lI1ply wilh lh.1 Ael.
(e) If Bu)'ct will be obliiAled 10 be I member of. bomeownCl1' ..sociarioll, BUYER. SHOULD NOT BXECUTE TJDS CONTRACT UNI1L BuYER HAS RECEIVED AND R.EAD THB
HOMEOWNERS' ASSOCIA nON DISCLOSURB.
XIII, MAXIMUM REPAIR COSTS: Seller aIlllI nol bo te.potI.iblo fOf p'ymeDII in excell of:
(.) S NIA for llutracnl.nd rep.if under Sllndlrd D (if blank, Ihen 2% oflbo Pu~hlse Price).
(b) S 1::I.LA for rep.ir .nd repllcement unOer Stanoaro N (IrOlinlC. lIlen 3% of lIIe rurcllue !"rICe),
XIV. SrECIAL Ct.A\lSIt3; ADDENDA: It IddilionallCl\Jl3 .... 10 be provided, .11.." addcncl..m .nd CHECK HERE I I,
XV. STANDARDS Jl'OR REAL ESTATE TRANSACtiONS: Standards A IbroUlh W 00 lhe reverS& lide or .uacbcd .re incorpor.led... pan oflhil Conlracl.
TtIlS IS INTENDEP TO BE A LECiALLY BIl'fDINC CONTRACt. IF NOT FULLY UNDERSTOOD. SEEK THE ADVICE Oil AN ATrOal'(EY PRIOR TO SICNINC.
THIS FORM HAS BEEN APl'ROVED BY THB Pl.OMlA ASSOCIATION Of REALTORS AND THE fLOIUDA BAR.
App...,.'al Jac. no' co,u,;,..,.... .1"/on ,luIr .11)' _/11I. I.,rru ."J ca""I,;,,,., i" III;' COIl"IU;1 ,1o"..ld .. ""9'" by I." ".."1., I" . p""/evl", ".","c,i"ll. r""uu II"d c""Ji,;on. .1I"uld
b. Illpiifllled bfIJ,CIl WPfIIIl lit. "lIp"tiw illlvem. obJ~rhie$ fIIlfd bfIJ",ailfilfl pIJIi/iolfl of filII irr""""t/ paTlOIlS.
COPYIlIOHT I !l98 BY THB FLOJUDA BAR A NO TIlE FLORIDA ASliOCIA T/ON Of UAL TORS
10.000.QJL
100.00
......,.."....,......,..,......, .5
M/..u L..U..-
Isles Beach ~~~
(:5elle'l;olden Strand International,
Socl.. sccuflly or till J.D. If
(Dlle)
Inc.
(D.te) (Seller)
Socill Sesurily Of T.ll I,D.1f Soei.l Sccurily Of Tax r.D. If
Dcpolir under P.rlllr.ph II (.) received; IF OTREIl TlIAN CASH. THEN SUBJBCT TO Cl.BAAANCB. JlJl.ro] d M _ ~ i ~ l!l""4 P . A.
BROKER'S r!:l!:: TIle brokcr, n.rned below, inc)udin.lislilll anc! CQoperalinl broken. .,.I/Ie only broker. eruillcd 10 compeDSldon In cONltc:llon willi 1/1/. Conlr.el:
Nlme:
(Dale)
(Escro\ll A&Cnt)
Cooperid... Broken. " an)'
I'AIVBAl\-' acvlled 8198
LI.,r.1 Broker
'.
SEP-11-01 WED 8:20 AM HAROLD M RIFAS PA FAX NO. 305+662 8825 P 8
STANDARDS FOR REAL ESTATE TRANSACTIONS
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
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
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
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~
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
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
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.....
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(.). "
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)
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)
""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
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..
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".
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.
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
'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
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
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:
.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
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
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.
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
p'ymellls Ihereon, . . . .'. .
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.
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,
COllllO.. covenanll or IpplicabllaoverlllDCIIll1 relu~lliOQ, lIIIlIm. slllll eonlUlUle I une aerael.
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
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
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
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~
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
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
Floridl POil Conlrol Act, Ii Imended.
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.
'0 which Is In lcc:nrCllne. witD SIIIIClarcl A,
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
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
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
~~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
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
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
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
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,
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
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
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,
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
aad COrfC(livI InSlnlmCll\lI. Buyer shall fura.,b closlRlSllremcnl, monSSlle, O'IOrtlllsellole, se,urny ISlllemcnt.nd flnlllelRlllllellleDIS.
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
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
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
closlnl fte, shall bo PIICl fly tIIo part)' responslbl. for ful1lishinl the lille evilfcnee in IccordlOce With Parlgraph V,
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
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
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
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
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
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
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
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
shall. at requClI of either pal1Y, be readJulled uplln receipt Olllll bill on coDdibon Nt. ItllCnlellllO Ihat effecll' "Ined al CIO.IIIS.
)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
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
and Seller a11II1, at clolinl, be ehlrled In IIROIInl equ.llo the IISl C411mILC Dr ..SllIllIenl for lbe improvemenl by lbe public body,
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.",)
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
.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
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
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
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
"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.
~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
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
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
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.
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"
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
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~
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
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
d,mlllf. bUI miuin,lilCl will be Seller's rc.~pIInsibility III repl.te or replir,
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,
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.
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.
by virtue of suth loss or dlmagl, or of e'lICClinllbi. Conlracl Ind receivina retul1l of rite deptliil(s).
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
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
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
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
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
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
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
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
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
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
Slolldlrd sh_1I be waived if the tilll.eenl inlure. advct1e milieu pur,ulntlo Scc:rion 1527.7841. ",5..11 Imendccl,
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
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
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
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
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
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,
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
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
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.
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
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
1I0n-pIClvail in, p.rU! "1,oMble luornCl"slce., COlli IlId ellllCll\'cs.
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
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
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!.
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
or .leellO lUIlv.llle relurn of Buycl'l depa.il(') wiLlIoullhcroby ....ivina -n7 aeliOD for dl"'o_ ..o..ldnl &om 3ell.... b..oob.
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
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
for .ny peny .hlll bo IS erreclivl ISIC liven by or 10 rhll feny,
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
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
orlllle, IUbJCC' CIIIly 10 ,uclJ mell_ .. ""'7 be olhcrwia. provided for h.....in,
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
Conlllclshlll be y,liel or bindin, "poD tho particl IIl1lcss in wrilin,lndaxccutcd ~ Ibc piny ~ pornce intended 10 be bound by. il. .
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
diltlotlld 10 ~~../ ,
~~l.~s ~ ( ) and S~M.e:JoHT IllllITKBJJIUDABAKAND~~g:J~~~~~~~~~::&t:s~tbfl page.
..
';
SEP-12-01 WED 8:22 AM HAROLD M RIFAS PA
FAX NO. 305+662 8825
P. 9
ADDENDUM TO CONTRACT
Addendum No. One 10 Ihe Contract d.ted bclWecn
~a1d.n R~rAnd J~~~n~tionalr z~. ~ di..olv~ ~lorida eQXp.
~ityqf_aunn~l.. ~eAC~
(Sell..r) and
(Buyer)
cono.rnUlS tbc properl)' de.cribocl a~:
~11s~&-r1ght8-in RAaem~led 12/10/~5 in OB9175/50 Qf th.__P~lic
.R.e.c.gr.c1a-of_M1.am~da Connr.1!_F..l~r1tia.
( lb. "Contract. ), Buyer end Seller make the following lcnns and condition:; purt of !be Conlrlct:
(1) This contract is contingent upon Buyer closing on the purchase of
real property described in that Option Agreement Bor Purchase And
Bale Of Real Property by and between Buyer and the 2Qtate of Fred B.
Kassner dated June 21. 2001, said property being a portion of Parcel
1, Replat of Tract "A", SUNNY ISLES SHORES, Section "An, PB 64/14,
Mi~i-Dodc County, Florida. If the purchas. from the Kassner Bstace
Dhall fail to clos., then this Contract shall become null and void
and the deposit given hereunder shall be refunded to 8uyer.
(2) Closing of chis transaction shall take place simultaneous with
the closing of the transaction referred to in ParagrAph (1) above.
(3) The parties hereto acknowledge that they have, simultaneous with
the execution of this Contract, executed & contract for the sale and
purchase of real property owned by Seller being referred to in
Exhibit "A" attached hereto. In the event that Seller shall be
unable to deliver good. marketable and insurable title to Buyar .. to
the property referred to in Exhibit ItAII, then it i. understood and
agreed that Buyer .hall. simultaneous with clo.ing, provide at no
cost or expense to Seller an access easement from Collins Avenue to
the easterly boundary of the propelC'ty de.cribed'in Exhibit "A",
(4) It ia agreed by ond botween the portie. hereto that the Purchase
Price will be waived by Seller in the event that Buyer shall
consummace, simulcaneous w1ch the clos1ng of this cransaccion, che
purcha.e from Seller of the property described in Exhibit nAil.
.~~
ODIC
SELLER
Oil,
BUYEJt
Dlte
SELLER.
Dill
DSI FOITII 5/00
SECOND ADDENDUM TO CONTRACT
For Sale and Purchase between Golden Strand International, Inc., hereinafter referred to as the
"Seller" and by the City of Sunny Isles Beach (the "Buyer").
1. Incorporation by Reference, This Second Addendum is attached and made a part of the
contract, All terms of this addendum shall control over any conflicting terms of the
contract.
2. Contingencies, This Contract is contingent upon the occurrence of the following conditions:
a. Approval of the Contract by the City Commission of the City of Sunny Isles Beach.
b, Receipt by the Buyer of one (1) state approved MAl certified appraisals as required
by Section 166.045, Florida Statutes (2000), The appraisal of the property shall be
equal to or greater than the contract price. Buyer shall be responsible for cost of
securing said appraisals. Buyer shall be entitled to consider the results of such
appraisals in deciding whether to close on the property.
3. Covenants. Representations and Warranties of the Seller. Seller for itself only, hereby
covenants represents and warrants the following to the Buyer.
a, Golden Strand International, Inc., a dissolved Florida Corporation, is the fee simple
owner of the Property. Seller has the full unrestricted power and authority to make,
deliver and enter into the terms and conditions of this contract. Seller has the full
unrestricted power and authority to make, deliver and enter into the terms and
conditions of this contract. Seller is taking all necessary action to authorize
performance of this contract. Seller agrees to execute any and all documentation as
required by the Buyer's title insurance company necessary to effectuate the contract
prior to closing of this transaction. In addition to those documents required under
Section J. of the Standard for Real Estate Transactions, the fee simple owner shall
transfer its interest in this Property by Warranty Deed.
b. Seller is a dissolved corporation under the laws of the State of Florida.
c. There are no actions, suits or proceedings pending or threatened against, by, or
affecting the Seller in any court, or before any government agency relating to the
ownership of, or Seller's ability to convey the property.
d. Golden Strand International, Inc, as Seller, is presently vested with good marketable
an insurable fee simple title,
4. Brokers.
a. Seller warrants and represents that Buyer shall not be responsible for any Brokers
involved in this transaction and agrees to indemnify and hold harmless the City, the
Buyer, from and against any costs, fees, damages, claims and liabilities arising
'.
including without limitation attorney's fees through all trial and appellate levels of
litigation out of any claim made by any Broker or salesman claiming by reason of its
dealings with Buyer or Seller, Golden Strand International, Inc. hereby represents
that it is acting solely and only as a principal in this transaction with the Buyer and
specifically waives claim to any real estate commission.
b, It is understood and acknowledged that the Buyer has dealt with Golden Strand
International, Inc. as the Seller only and not as a Broker. Buyer warrants and
represents that Buyer has dealt with no Brokers on this transaction,
5. Assignment. This contract is not assignable by any party.
CITY OF SUNNY ISLES BEACH
BY'c/d/ /~
Buyer
~c;/6(
Date
GOLDEN STRAND INTERNATIONAL, INC.
By:
Seller
Date
Golden Strand lnt'[ Easement Property
Contract Second Addendum 9/13/014:42 PM
2
\
.
" \I
SEP-12-01 WED 8:23 AM HAROLD M RIFAS PA
FAX NO. 305+662 8825
.
P. 10
EXHIBIT "A"
LEGAL:
A portion of Tract A, The People's Pro~erty, as recorded in Plat Book 106, at
Page 37, of the Public Records of M1ami-Dade County, Flor1da, being more
particularly bounded and described as follows:
Beginning at a Point which i8 the Northwe.t corner of said Tract "A";
Thence on a bearing of East along the North boundary of said Tract "A",
200.00 feet;
Thence South G degrees OG minutes 20 seoonds West along the Easterly boundary
of said Tract "A", 60.00 feet;
Thence on a boundary of EAst a.long the North boundary of Tract "A", 50.00
teet;
Thence South 6 degrees 06 minute., 2Q second. West along said Easterly
boundary ot said Tract "A", 74.29 feet;
Thence on a bearing of West along a line drawn parallel to and 125.00 feet
North of and measured at right angles to the South boundary of said Tract
"A", 250.00 feet;
Thence North 6 degree. 06 minute. 20 seconds East along the Westerly boundary
of said Tract "An (also being the Easterly right-of-way line of Atlantic
Boulevard), 134.28 feet to the Point or Place of Beginning.
)