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Comprehensive Rider to the Residentiai Contract For Sale And Purchase _. � THIS FORM HAS BEEN APPROVED BY THE FLORiDA REALTORS AND 7HE FLORiDA BAR EXfT ELlTE REALTY If(nIt[aled by all parttes,the clauses below will be incorporated into the Florida Realtors°/Florida Bar Residential Contract For Sale And Purchase between Ryman Construction Inc. (SELLER) and orrame ou on (BUYER) concerning the Property described as 6742 Basswood �rc e Zephyrhills, FL 33542 Buyer's Initlals L�L Se!!er's ln/tlals E.FEDERAL HOUSING ADMINIS712ATlON(FHA)IU.S.DEPARTMENT OF VETERANS A�FAIRS(VA) 1. DEFINI710NS: {a} "Contract"is the Florida Realtors�/Florida Bar Residentlal Contract For Sale And f'urchase(2414 ed.),to which this Rider is attached and intended to amend. (b) "Property"is the Prope�ty which is fhe subJect matter of fhis Contract. (c) "HUD"is the Department of Housing and Urt�an Development. (d) "Purchaser"is the Buyer named In thls Contract. 2. INSPECTIONS AND APPRAISAL: In addition to the requirements of Paragraph 12 of thfs Contract, Seller shall comply with applicable FHA or VA regulations regarding termite inspection, roof inspection, and appraisal repairs(collectively"Appraisal Repairs"). The cost to Seller for Appraisal Repairs shall not exceed $�00.00 , which cost is In addition to the costs required to be paid under Paragraphs 9(a)and 12(b), (c)and(d). 3. �x (CHECK IF APPLICABLE): FHA FINANCING: It is expressly agreed that notwithstanding any other provisions of this Contract, the Purchaser shall not be obfigated to complete the purchase of the Properry described herein or to incur any penalty by forfeiture of earnest money deposits or otherwise unless the Purchaser has been given in accordance with HUD/FHA or VA requirements a written statement by tha Federal Housing Commissioner,Veterans Administration, or a Direct Endorsement lender setting forth the appraised value of the Property of not less than $137,900.00 . The Purchaser sha11 have the privilege and option of proceeding with consummation of this Contract without regard to the amount of the appraised valuation. The appraised valuation ls arrived at to determine the maximum mortgage the Department of Housing and tJrban Development will insure. HUD does not warrant the value or the condition of the Property. The Purchaser should satisfy himselflherself that the price and condltion of the Property are acceptable. (a) Fees, Prepayments: Purchaser shall pay all foan expenses, except tax service fee which fee, lf charged by Buyer's lende�,shall be paid by Sefler up to a maximum of$250.00 (b) Appraisal Repa[rs: If the cost of Appraisal Repairs exceeds the limit imposed by Paragraph 2 above, Seller must,within 3 days after receiving notice of fhe excess cost, give Purchaser written notice of Seller's intention to pay some, all, ar nona of the excess amount. If Seller elects to pay {ess than fhe full amount of the excess cosE, Purchaser may elect to pay the balance or cancel this Contract. Purchaser's election must be in writing and provided to Seller within 3 days after receiving written notice of Seller's election. (c) Certification: We, the undersigned Seller, Purchaser and Broker involved in this transaction each certlfy individually and jointly that the terms of this Contract are true and correct to the best of our knowledge and belief and that any other agreements entered into by any of these parties in connection with this transaction are part of, or attached to,this Contract. 4. ❑ (CHECK IF APPLICABLE): VA F[NANCING: It is expressly agreed that, notwlthstanding any other provision of this Contract, the Purchaser sha11 not incur any penalty by forteiture of earnest money or otherwise be obllgated to complete the purchase of the Property described herein, if this Contract purchase price or cost exceeds the reasonable value of the Property as established by the lf.S. Department of Veterans Affairs. The Purchaser shafl, � however, have the privilege and option of proceeding with the consurnmation of this Gontract without regard to the amount of reasonable value established by the U.S.Department of Veterans Affairs. Page 1 of 2 E.FEDEi2AL HOUSING ADMINISTRAT(ON (SEE CON7INUATION) CR-4 Rev.9115 O 2015 Ftotida Realtofs°and 7he Fiocida Bar.All righfs reserved. , Sedelq:022974•200149-995D049 orl�lsiuz�}1�i�it�� Electronicaliy Signed using eSignOnlineT"'[Session ID :7ea347c2-5de7-4�6�8fac-a966886a45f8]