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Ismat Com. and Sivrtm Dubitz
<br />d (Phone)
<br />are City of Sunny Isles Beach Pam.
<br />Of 17070 Collins Avenue, #250, Sumv Isles Beach, EL (Ph—)(305) 947-0601
<br />hor4 agree that Seller shall sell and Buyer shall buy the following dea«ibeci fTeal Property and Psraonal Property (mNacthroy TmOMC) upon the following tams and wnhditioro, which
<br />Include Standards for Real Estate Trannsadaons r2andia"1 on to nwersa time hared or alladwd hereto and rides and addenda b this Corarats for SW and Purchase, .
<br />L DESCRIPTION:
<br />(a) Legal dwaptldn dun Rw Pmpay oceaad in Dade County, Florida:
<br />Lots 1, 2. 3, 7. 8. 9, 10. 11. Block 8. Sumv Isles Shores. Section B. PB 65-47
<br />(b) Sushi address. sly, alp, of the Pmparty e:
<br />(c) PMsaW Property.
<br />U. PURCHASE PRICE: ......................................................................................................................................................................................................... $ --..1, 435, 000. 00
<br />PAYMENT.
<br />(a) Depoan hem In escrow by Christcxlher Kelley, Egg, In me a,nwar of ,.,,,, S 50,000.00
<br />(b) Additional sscrow deposit 10 be made within _ days alter Effective Date (as defined in Paragraph all) in an ar ourn at ................................ $
<br />(c) Subject to AND amanpoion of w.drw mortgage in good stadirw In awn of
<br />having an approximate present principal balance of
<br />(d) Purchase money mortgage and two to Seller lase aoderxkan) in the amount of...................................................................
<br />(0) Omer:
<br />$
<br />(1) Balance to close by U.S. cash. LOCALLY DRAWN oattlkd «carders anal or ftd-party wan, aub).d to adju bn«Ms or pr«amns ............... $ 1,385,000.00
<br />m. TIME FOR ACCEPTANCE OF QFEER, EFFECTIVE DATE; FACSIMILE: It Via offer is not WAWArd by and delivered to Y pauw OR FACT OF EXECUTION mmaasuW n wring
<br />be we oxh on n« � re �7 iU 98 be deposl(y will. at Buyers option, be returned and this aflsr wlhd awn. The des a C«arrl ('�QaM`) WIN
<br />Buyer and Seller has signed this offer. A facsimile copy of this Contract and any signatures dwoon shall be aorridaed for elf purposes as originals.
<br />IV. FINANCING: N/A
<br />(a) a the Purchase Prim or any pan of it is tb be financed by a uwd-party ban. this Contract Is conditioned on Buyer obtaining a written commitment within _ days alter Elective
<br />Date for (CHECK ONLY ONE): O a axed; 0 an adjustable; or O a Posed or adjustable rate ban in tee principal amount of S at an inilW trierw rate not to
<br />exceed _ %. dillm" and originaabn fees not to exceed _ % of principal anent, and for a term of _ yes. Buyer will mass applicauo %*mn _ days alter Effective
<br />Date and use reasonable diligence to obtain a wan c«matnaent and. thereafter. to satfsly tams and c«did«e of the commitment and does the ban. Buyer shall pay as ban
<br />expenses. If Buyer fails to obtain a oonmdntent or falls to waive Buyers dghn under this subparagraph within am time for oba wwtp a commitment or, after diagonal.Mort, tails to mar
<br />the terms and conditions of the commitment, then either party tlanaaer. by writen notice to the War, may cancel On Contract and Buys( shall be refunded tie deport(y, or
<br />(b) The axisWg mortgage described in Paragraph 11(c), above. has (CHECK ONLY ONE): O a variable interest rats; or 0 a axed inert raw of % per amen. At ame of title
<br />transfer. same axed it"" rates Are sub0d to Increase; il Incrssssd, this rate real not exceed _ % pis annm. Seiler rail, whinh _ days after Effective Date, lumish a
<br />statement from each mortgages swarg this principal balance, method of payment, Interest rate and status of mortgage. a Buyer has agreed to assume a mortgage which requites
<br />approval of Buyer by am mortgages for asurrpdon, am Buyer rail promptly obtain the necessary application and diligently conplrs and earn il to the mortgages. Any momgapes
<br />charge(s) � Vie$ « rail W paid by Beyer. a Buyer is not aoeepled by mortgages or the regnanaas for auu pbo as not n accordance with
<br />nangagea maws a charge in excwa of the stated amount, Seller or Buyer may rescind this Contract by written radios was other pay unless claw
<br />elects to pay the increase in Interest raw or amass mortgage c angels
<br />V. TITLE EVIDENCE: At kraal —4$ days before closing data, but no safer then _ days alter Seller receives written notification that Buyer has obaated to ban oamaarnad or
<br />has been approved brae ban assumption as provided in Paragraphs IV(a) or (b), above. or, If appWaba, waived the arand g rsquiraronts. (CHECK ONLY ONE): O Sailer shelf, at Sellers
<br />expense. deliver to Buyer or Buyers attorney; or O Buyer shall at Buyere wpm" drain (CHECK ONLY ONE): 0 abstract of NO; or 0 sae insurance commitment (with legible copies of
<br />instruments tested as exceptions attached atsre o) and, after closing. an owners policy of ad* insurance.
<br />VI. CLOSING DATE: This transaction shelf be dosed and ae deed ad other doewg papers delivered on 10/15 /98) union modified by ode provisions of this C«esa
<br />Va. RESTRICTIONS; EASEMENTS; LIMITATIONS: Buyer OW area We subjeG to: oamprehWW- lend use fens. axodrg, esaicbora. Plot"— and other regttlMetle imposed by
<br />governmental aLdhw*r restrictions and made s appearing an tune plot «otherwise com non to an suicohr bra; public utlWy, seser time d record (easanass o s to be located maighaus to
<br />Real Property Imes and not more a" 10 fast in width as w the rater or front Wan anhd 7 1/2 feat in width as to the sift Wes. unless otherwise staled Imok ); taxes for year of clomp ono
<br />rubsequent Yeas: assumed mortgages and purclaes many mortgages, if any (A additional items, see addaoun); provided. Oat two or" a closing no vidaton of On onpowg
<br />and none Prevent use of the Property for City Park Site
<br />PunPesNy.
<br />VI4 OCCUPANCY: Seller warrants that two an no parties in occupancy other than Seller; but N Property is wadded to be rented or coot d beyoM dosing, the tad ad Wme aced
<br />a d the ha WMA11) or 0004mft shelf be deliveredl before closing, Buyer disclosed UMFse dl risks Pursuant 10 besSWdad F. Sella shall deliver occupancy of Progeny to Buyer r Was of dowg Was" otlwnwe stated hersrt. a occupancy
<br />have accepted Property cl si on" oodilbn as al tins of so Property from data of occupancy, shelf be responsible and liable for mawaaeoe from that date, and shot be downed 10
<br />Wdrg occupancy unless ottowse sated harm.
<br />IX. TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or hendwrayn provisions, rides And addsrda shall control AN printed provisions of this Contract in coMkt wait ante.
<br />X. RIDERS: (CHECK those rase which am applicable AND am weaned to Vas Contract):
<br />(A) 0 COASTAL CONSTRICTION CONTROL LINE (d) 0 VAIFHA (p) 0 HOMEOWNERS ASSOCIATION DISCLOSURE
<br />(b) O CONDOMINIUM (e) O INSULATION (h) 0 RESIDENTIAL LEAD•BASED HAZARD DISCLOSURE
<br />(c) 0 FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT M 0 -AS IS' (1) O
<br />XI. ASSKR4ABLffY (CHECK ONLY ONE): Buyar 0 may assign and thereby be released from any fume liability under In Contract; 0 may assign but not be released from liability
<br />under eras Conked; or may not awgn its Confracs.
<br />XL DISCLOSURES: -
<br />(a) Radon is a naturally comer" radioactive gas that when accumulated Ina bddrg In sufaaant quAntldae may, pressing he" risks w paeom who am exposed to a overama
<br />Leval of rsd«t tied exceed federal ad awe ghirwWw have bean found in buildings in Florida. Addiacrad nknratlo regarding Radon or Radon awry may be obtained from
<br />your Cady Pudic Health uniL
<br />(b) Buyer may hove dswrmbad aw WMW rlidaxy rung of the resmardial btildkg, u any is located on the Row Property
<br />(c) a the Ric Property irKltades pis-197/ residardal hotskg ante Paragraph X (h) is meoabry.
<br />XW. MAXIMUM REPAIR COSTS: BMW shall not be responsals for paymena in woes" of:
<br />(a) $ or treatment and repair under Standard D (iblionK then 2% of the Purchase Pric).
<br />(b) S lot repair tiro replacement under Standard N (l blank, then 3% of thin Purchase Price).
<br />XIV. SPECIAL CLAUSES; ADDENDA: I additional germ" are to be provided, anah addernken and CHECK HERE 0. SEE A)DENDL •1 AM=
<br />TITSINTENDED TO w6filf LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, sm THE ADVICE OF AN ATTORNEY PRIOR TO Swam.
<br />FORM HAS BEEN AP ED BY THE FLORIDA ASSOCIATION OF RE LLTORS AND THE FLORIDA BAR.
<br />Approval consort#@ eat any of Yes and conasbvs (n dW Cmtrad &'uW be accpw by uw pwam m s PwacAw bwwa cg= Tams and c ndtww al ou)d
<br />M"Ind barred InM m,apeofhe interests, aNHa —' are nary dap Pdsbons of al rura ied pamarm
<br />COPYR 1985 BY THE FLORIDA BAR AND THE FLOR QATION40FTORS ( Cl } IS e3 te ;Ds ) o eta)
<br />SOBa'BA.*WTwI.D" (eS 0194 641f "
<br />Social Security «Tax I.Q. e
<br />9W- AdA ,fAWOa1111i
<br />Gv 4
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<br />Sow* or Tax I.D0."
<br />D"peslf abler Paragnpl111(a) soaked; IF ar 4ER THAN CASH, THEN SUBJECT TO CLEARANCE. Chri stw_har Kelley. EGp (Escrow Agora)
<br />BROKER'S FEE- Ibis brokers nsrned below, Imitating Wang and 000peratlrg brokee, are the only brokers entitled to compensation in ooneciton with the Conbad:
<br />Name: .. Keyes CQ►�d7�1
<br />Corgwraatq Broke.. now
<br />FARISAR-4 Reweed 1295 RIDERS CAN BE OBTAINED FROM FLORIDA LAWYERS SUPPORT SERVICES. INC. (FL.SSI) (904) 656.75so
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