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<br />P~: Rosendo S. Aleman and Orilda Aleman, husband and wife
<br />m 13930 SW 30 Street, Miami, Florida 33175
<br />and Ci ty of Sunny Isles Beach
<br />01 17070 Collins Avenue, Sunny Isles Beach, FL 33160 (~)
<br />hereby agree lhal Seller shaU sell and Buyer lIhaI buy the lolIowlng de8cribed Real property and Personal Property (coIIecIiYeIy "fmaIdln upon !he toIowlng terms and condiliona. which
<br />IIll:Iude Standards lor Real Estale Tian8actIons ("Standard/BI") on the reverse side her80l or atteched hereto and rIdenI and IIddenda to 1hIa ConlnId b Sale IIld Pun:heae 1"ConIracl"l.
<br />I. DESCRIPTION: .
<br />(a) I.8gaI ~tion 01 the Real Property Iocaled In Dade County, FIortda:
<br />Unimproved property legally described as: Lot 14, Block 5, GOLDEN SHORES
<br />OCEAN BOULEVARD ESTATES, SECTION C, Plat Book 51, Page 93
<br />(b) Streetaddreas. clty. zip. 01 the Property Is: 201 191 Terrace, Sunny Isles Beach, Florida
<br />(e) Personal Property: N / A
<br />CLOSING OF THIS TRANSACTION IS EXPRESSLY CONTINGENT UPON CITY COMMISSION
<br />APPROVAL OF THIS CONTRACT AT THE JANUARY 21. 1999 COMMISSION MEETING.
<br />
<br />.. PURCHASE PRICE: ......................................................................................................................................................................................................... $ 8 5 , 000 . 00
<br />PAYMENT:
<br />
<br />(a) Depoelt held In 8IICIUW trt In !he emounl 01 ...... $
<br />(b) AddIlionaI8IICIUW depoelt to be IllIIde wllNn _ daya IIfler EIlIclMI Dala (as cIeflned In Paragr8ph III) In !he wnount 01 ................................ $
<br />(c) Subject to AND assumption 01 exi8ting IIIOl1gage In good standing In IaIIor m
<br />having an approximate ~ principal balance 01................................. $
<br />(d) PurchaBe money mortgage and note to SeIer (_ addendum) In the amount 01 .................................................................................................... $
<br />(e) Other: $
<br />(I) Balance to ctose trt U.S. cash. LOCAU.Y DRAWN'certified 01 ClI8hieI's check or lhird-perty loan, subject to ~ 01 pnntIclM ............... $ 8 5 , 000 . 00
<br />HI. TIME FOR ACCEPTANCE OF OFFER; EFFECTIVE DATE; F--- ... If this oller Is not 8ll8CUIed trt and d8lIvenId 10" plIIIIIa OR FACT OF EXECUTION CCIIMlUIliclIIe In wrilIng
<br />be'-' the pIII1iea on or belont l' I ~ 1 ~ the dIpoeil(l) will, at Buyer'I oplIon. be nIlumed and 1hIa oller wIhdIwn. The dId8 01 ConlnId ("EfIlIdhM DaI8") will
<br />be !he dala when the Iaat one 01 the Buyer and has signed 1hIa oller. A IacIlrniIe copy 01 this ConIrlIcl and any IIgnatunIs IhenIon .... be oollsldered lor .. purpoIelI as orlgineIs.
<br />IV. FINANCING:
<br />(a) If the Pun:hase Price or any part 0111 II to be financed trt a third-party loan, this ConIrlIcl is conditioned on Buyer oblaInIng a wrillen oommIlmenl wtlhin _ daya IIfler Eft8clive
<br />Dala lor (CHECK ONLY ONE): a a fixed: a an adjuatabIe: or a a fixed or adjustable rata loan In the principal amount 01 $ at an inltiaIlnleNlIl rate not to
<br />exceed _ %, discounI and origination I8es not to exceed _ % 01 principal amount, and lor a term 01_ yeara. Buyer willllllk8l1ppllca11on wilhIn _ daya altar EfIsctive
<br />Date and use reasonable diligence to obtain a loan commitment and. thereafter. to satillIy l8rmII and ooncIilionI 01 !he commIImenl Md dale the loan. Buyer IhaII pay aM loan
<br />expenses. II Buyer IaiIs to obtain a comrnilmeIll or IaiIs to waNe Buyer'1 rlghls under lhiIlUbparagraph wilhIn the lime b oblaInIng a comroilmenl 01, IIfler dIliganI afIort, fails to meet
<br />the terms and condllionI 01 the oommltmalll. then either party "-Il8r. trt wrillen notice to the OCher, may canoeI1hIa Contract and Buyer .... be rafundad !he dIposIl(l): 01
<br />(b) The exlaling mortgage de8cribed In Plngraph lI(c). abow. has (CHECK ONLY ONE): a a variable inleraIl rate: 01 a a fixed InlIraIt ,...01_ % per annum. AI. lime oIlil1e
<br />lrlInIlsr, some fixed Interest rates _ subject to incluM: If Increaaed. the rata shaU nOt exceed _ % per annum. Sellar ..... witlln _ daya IIfler E~ Dale, IumIIh a
<br />8\etement from each mortgagee Ilating !he princlpal balance, malhod 01 payment, interest rate and 8\elul 01 mortgaga. If Buyer Ilea agNed 10 _ a mortgage which requires
<br />approval 01 Buyer trt the mortgagee lor assumplion. then Buyer IheII promplIy obtain the ~ application Md dlIigenlIy ~ Md ..., illo!he /IIOItgIIgae. Ant mortgagee
<br />charge(l) not to exceed $ lIhaI be paid trt Buyer. II Buyer is not accepted trt mortgagee or !he IlIqllOmenls lor assumplion _ not in lIIlCllIdance willi
<br />the terms 01 this Contracl or mortgagee makes a charge In tIXCeBlI 01 the 8\eted amount, Seller or Buyer may rescind 1hIa ConIrlIcl trt wrillan notice 10 the other party unless either
<br />eIecls to pay the incluM In interest rate 01 tIXCeBlI mortgage chargeI.
<br />V. TITlE EVIDENCE: AI. Ieaat ---1..5lays beIont c:IoM1g dId8, buI no earlier lhan .2!L days altar Seller '**- wrillen nollfIc:ation lhal Buww Ilea obIainlId the loan CClIIIIIIilrnen or
<br />has been approved for the loan auumplion u proIIided in Paragraphs !V(a) or (b). abowe, or, If appIicIble, waMId the financing raquIramanIlI, (CHECK ONLY ONE): a SaIer lIhaI, at SeIIel's
<br />expense, deUver to Buyer or Buyer'1 allomey; or 0 Buyer IheII at Buyer's expense obtain (CHECK ONLY.DNE): a abaIrlIct 01 title: 01 CUlIe .lnsuranoLC!OI!Jl'lllmenl twillllaalble GIlIIieIL ot
<br />instrumenla lilted as excepllons attached lherato) and, alter c:IoM1g, en owner'l po/lcy oltille IlIIUrence. P r 10r uwners '1'1. tole olnsurance -po.!:J.cy
<br />VI. CLOSING DATE: ThIs transaction shall be ctoIed and the deed IIld OCher cIoIIng papers delivered on _ 2 / 2 5 / 9 9 ~ unIeu rnodIIIed trt other plOViIionlI 0I1hIa Conlracl.
<br />VlL RESTRICTIONS; EASEMENTS; LIMITATIONS: Buyer 1halIlak8 tilte IUbjecl to: cornprehenslve land use plans, zoning. restriction.. pnlhibIlIoIlI and other raqWremanls imposed trt
<br />governmental authority; restriclionI and maltenl appearing on the plat 01 otheIwise common to the subdivision: public UlIlIly -..nIl 01 ~ (_11I_10 be Iocaled contiguous to
<br />Real Property IineI and not more lhan 10 feat In widlh as to the rear or fronllinel and 7 112leet in width as to the side Iinea,..... oIhIrwIae atMId ........):....Ior year 01 closing and
<br />subIequenl years; a&IlJmad rnorlgageI and purdlue money mortgageI. If any (If additional ilema, see addendum); proIIided. lhallhera IIlliIla at cIoIing no violation 01 the foregoing
<br />andnone~useolthePropertylor municipal park purpose(l).
<br />WI. OCCUPANCY: Seller wammts lhallhera are no parties In occupancy other lhan Seller; bullf Property IIInl8nded to be ranl8d 01 ClCCUpIed ~ c:IoM1g. !he IIIct IIld t8mIIlheraoI
<br />and the tenant(l) or oocupanls shaU be diIc:laaed ~ to SlandaId F. Seller lIheII deliver occupancy 01 Property to Buyer at ..... 01 c:IoM1g unIeu olherwiIe Ilallld herein. If occ:upancy
<br />is to be delivered before closing, Buyer lIIIIlIMI aM riIka 01 Iou to Property from dale 01 occupancy, shall be AIIpOI'ISible and IlabIe b IllIIinIIr.- fIom lhal dale. and shall be deemed to
<br />have accepled Property in ita exiIling condition u oIllme 01 taIdng occupancy unIe8I otheIwise slated herein.
<br />IX. TYPEWRITTEN OR HANDWRI1TEN PROVl8lONS: 'JYpewrlIten or handwritten provilIions, riders and addenda shall conlrol aM prinIlId provilIions 0I1hIa Conlracl in conIIicl with them.
<br />X. RIDERS: (CHECK Iho8e rIdenI which are applicable AND are attached to lhis Contracl):
<br />(a) a COASTAL CONSTRUCTION CONTROL UNE (d) a VAIFHA (0) a HOMEOWNERS' ASSOCIATION DISCI OSURE
<br />(b) 0 CONDOMINIUM (e) a INSULATION (h) a RESIDENTIAL LEAl).8ASE() HAZARD DISClOSURE
<br />(e) o FOREIGN INVESTMENT IN REAL PROPERTVTAX ACT (I) a'ASIS" (I) IX SEE ADDENDUM ATTACHED
<br />XI. ASSIGNAIIIUTY: (CHECK ONLY ONE): Buyer a may asaIgn and thereby be released from any further lability under lhiI Conlracl; a may aasIgn but not be raIeaaed from liability
<br />under lhiI Conlracl; OI}Q may not asaIgn lhiI Conlrad.
<br />XI. Dl8CL08URE8:
<br />(a) RIdon II a naturally occurring ~ gas lhal whan acc:umuIaIlId In a bulIding In IUfIlcienl quanlIlIeI may p.- heaIh riIIla 10 peIIOIlI who _lIllpOI8d to II _ lime.
<br />Levels 01 radon thaI exceed IedlIraI and Ilate guIdalines '- been found In buiIdingIln Florida. AdlIllonaIInbmaIIon nlglIIdIng RIdon 01 RIdon taaIIng may be obtained lrom
<br />your County Public HeeIlh unIl.
<br />(b) Buyer may '- datlrmillld !he energy etlIcIency rating 01 !he rasIdanlIal building, If any lllocaled on the Real Property.
<br />(c) If the Real Property Inc:IudlII pnt-1978 rasIdenlIal housing than Paragr8ph X (h) II mandatory.
<br />XIIL MAXIIlIUII REPAIR COSTS: Seller IheII not be resPOllllbla tor payI'*IlIln tIXCeBlI 01:
<br />(a) $ N / A tor lrealmenl and rapIIir under Standanl D (II blank. then 2% 01 the PuR:haae Price).
<br />(b) $ N / A lor repair and ~ under Standard N (II blank. then 3% 01 the PuR:haae Price).
<br />XIV. SPECIAL S; ADDENDA: If addilIonaIlerms are to be proIIided. attach addendum and CHECK HERE a.
<br />
<br />rs.wl.
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<br />(~)
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<br /><1lJlltI11.
<br />
<br />N/A
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<br />A LEGALLY BINDNa'CONTRACT. F NOr FULLY UNDERSTOOD, SEEKTHE ADVICE OF AN ATIORNEY PRlORlO ~
<br />FORM HAS BEEN APPROYED BY THE FLORIDA ASSOCIATION OF REAl.1CRS AND THE FI.OfIII>>. BAR.
<br />""" any of /he __1IItlI ClIIlfICfIfonf In .. Connc:t ft1uId be ttDt>>I*d by"""'" ... ,.n/aIIII.....,.. T_1IItlI 00tIlIIilIns should
<br />b-.J /he ~..... ~ tIfId bII/pIotItIg pt>>/IJt1M 01...""..,.,.,.,.
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<br />_BY~nBARANDTHEFLOmD4;J;jOF~ '
<br />TTY OF' . r NNV T~T.F.~ p.F.~r} ~"'11 tP~...,.............,..~. u~1 I~~ -It:
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