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�os {v) If Buyer fails to timely deliver either notice provided in Paragraph 8(b)(iii)or(iv), above, to Seller prior to �10 expiration of the Loan Approval Period, then Loan Approval shall be deemed waived, in which event this Contract 111 will continue as if Loan Appro�al had been obtained, provided however,5eller may elect to terminate this Contract �zz by delivaring wrltten notice to Buyer within 3 days after explration of the Loan Approval Period. 1�3 (vi) If this Contract is timely terminated as provided by Paragraph 8(b}(iv)(2)or(v),above,and Buyer is not in ��a default under the terms of this Contract, Buyer shal! be refunded the Deposit thereby releasing Buyer and Seller 115 irom all further obligations under this Contract. ��s (vii) If Loan Approval has been obtained, or deemed to have been obtained, as provided above, and Buyer ��7 fails to close this Contract, then the Deposit shall be paid to Se{ler unless failure to close is due to: (1} Se11er's 118 default or inabiliry to satisfy other contingencies of this Contract; (2}Property related conditions of the Loan Approval »e e x e t when such conditions are waived b other rovisions of this Contract;or 3 appralsal hav not been met(e c p y p ) � } ' �zo of the Property obtained by Buyer's lender is insufficient to meet terms of the Loan Approval, in which event(s)the 121 Buyer shail be refunded the Deposit, thereby releasing Buyer and Se[ler from all further obligations under this 122 Contract. �Za� ❑(c)Assumption of existing mortgage{see rider for terms). �za• ❑(d)Purchase money note and mortgage to Se11er(see riders;addenda; or special clauses for terms). i CLOSING COSTS FE�S AND CHARGES 12s , izs 9. Cl.OSING COSTS;TtTLE INSURANCE; SURVEY; HOME WARRAN7Y;SPECIAL ASSESSMENTS: �2� {a) COSTS TO BE PAID BY SELLER: �28 � Documentary stamp taxes and surtax on dsed,if any • HOA1Condominlum Association estoppel fees izs •Owner's Polic and Char es if Para ra h 9 c i is checked • Recordin and other fees needed to cure title y 9 � 9 p � )�) ) 9 tso •Title search charges(if Paragraph 9(c}{iii)is checked) •Seller's attomeys'fees �sr •Municipal lien search(if Paragraph 9{c){i)or(iii)is checEced) •Other: 'See page 11 _ tisz If,prior to Closing, Seller is unable to meet the AS IS Maintenance Requirement as required by Paragraph 11 �� a sum equal to 125% of esfimated costs to meet the AS IS Maintenance Requirement shall be escrowed at i3a Closing. If actual costs to meet the AS IS Maintenance Requirement exceed escrowed amount, Seller shalf pay y35 such actual costs.Any unused portion of escrowed amount(s)shall be returned to Seller. �ss (b} COSTS TO BE PAID BY BUYER: 137 •Taxes and recording fees on notes and mortgages •Loan expenses �3e •ftecording fees for deed and financing statements •Appraisal fees �as •Owner's Policy and Charges(if Paragraph 9(c)(ii)is checked) • Buye�s Inspections tao •Survey(and elevation certification,if required) • Buyer's attorneys'fees �a� � Lender's tifle policy and endorsements •A[I property related insurance �az •HOA1Condominium Association application/transfer fees • Owner's Policy Premium(if Paragraph 743 •Municipaf lien search (if Paragraph 9(c)(ii)is checked) 9(c)(iii}is checked.) �44' •Other: �Q5• (c) 7lTLE EVIDENCE AND INSURANCE:At least (if left blank,then 15, or if Paragraph 8(a) is checked, �as then 5)days prior to Closing Date("Title Evidence Deadline"),a title insurance commitment issued by a Florida 147 licensed title insurer, with legible copies of instruments listed as exceptions attached thereto ("Title �aa Commitmenf') and, after Closing, an owner's policy of titie insurance (see STANDARD A for terms) shall be 149 obtained and delivered to Buyer. If Seller has an owner's policy of title insurance covering the Real Property,a �so copy shall be furnished to Buyer and Ciosing Agent within 5 days after Effective pate.The owner's title policy 161 premium, titfe search and closing services (collecfively, "Owner's Policy and Charges°) shall be paid, as set �sz forth below.The title insurance premium charges for the owner's policy and any lender's policy wil!be calculated 153 and allocated in accordance with Florida law, but may be reported differently on certaln federally mandated isa closing disclosures and other closing documents. For purposes of this Contract"mursicipal lien search"means a �ss search of records necessary for the owner's poficy of title insurance to be issued without exception for unrecordsd ,ss liens imposed pursuanf to Chapters 159 or 170, F.S.,in favor of any governmental body,authority or agency. 767 (CHECK ONE): �ss• �x (i) Seller shall designate Closing Agent and pay for Owner's Policy and Charges, and Buyer sha11 pay the �ss premium for Buyer's lender's policy and charges for closing services related to the lender's policy, �6o endorsements and loan closing, which amounts shall be paid by Buyer to Closing Agent or such other 16� provider(s)as Buyer may select;or tsr ❑ (ii) 8uyer sha11 designate Closing Agent and pay for Owner's Policy and Charges and charges for closing isa services related to Buyer's lender's polfcy,endorsements and foan closing;or Buyer's Inlqals L�L Page 3 of 12 Selter's Initlal� FloridaReallors/FloridaBar-ASIS-5 Rev.4l17 O 2017 Florida Realtorsm and Tt�e Florida Bar. All rights reseNed. �---.._._. ..._. ...._.._.._.. .......... .. ..--. ._.._.._.-----• --------... ..... .._..._..._.... -------.._..-- ------.._..__..__........_._._ _._. _.._..--- Sedal#:0757fi9-800149-3948785 �•(��'f n�1��7��3�1 L l j,V Electronically 5igned using eSignOnlineTM'[Session ID :7ea347c2-5de7-416o-8fac-a966886a45f8 j ✓