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3020 S. Florida Ave, Suite 101, Lakeland, FL 33803 Phone:863-619-7103 Fax:863-619-7995 www.hightandhomes.org LOAN TYPE: VA -END Highland Holdings, Inc., hereinafter called "SELLER" hereby agrees to sell to Raymond L. Givhan Jr. - and Victoria Givhan - a Husband and Wife hereinafter called "BUYER(S)" and the "BUYER(S)" hereby agrees to purchase from "SELLER" the following described property in Pasco County, Florida upon the following terms and conditions: 1. LEGAL DESCRIPTION: Community: Silverado Lot: 7 Phase/Block/Village: 3 Street Address:36134 Shady Bluff Lp City: Zephyrhills State: FL Zip: 33541 Model: Westin - SLV 2. TOTAL PURCHASE PRICE OF LAND, IMPROVEMENTS, EQUIPMENT OR EXTRAS $2$6 394.00 3. (A) CP LOANS - THE TOTAL DEPOSIT IS DUE PRIOR TO CLOSING. END LOANS - THE TOTAL DEPOSIT IS DUE PRIOR TO RELEASE TO START. BOTH SHALL BE PAYABLE AS FOLLOWS. (1) Earnest money deposit, receipt of which is hereby acknowledged at Contract $ 99.00 (2) Additional payment due on $ 0.00 (3) Additional payment due on $ 0.00 (4) Additional payment due on $ 0.00 (5) Total Amount of Deposit/Down Payment (3A1 + 3A2 + 3A3 + 3A4= 3A5) $ 99M 4. APPROXIMATE PROCEEDS OF NEW NOTE AND MORTGAGE TO BE EXECUTED BY BUYER(S) AT CLOSING $244,195.00 (If applicable, one time FHA MIP, VA Funding Fee, or USDA Guarantee Fee shall be included in note and mortgage, and shall be paid by Buyer(s).) 5. CONTINGENCY: The purchase of the above referenced property is not contingent upon the sale or closing of any properties presently owned by Buyer(s). Upon completion of the above referenced property and notification to Buyer(s) that Seller is ready to close, Buyer(s) agrees to close promptly. 6. DEPOSITS: Seller is required by Florida law to give the Buyer(s) the following notice: THE BUYER(S) OF A ONE -FAMILY OR TWO-FAMILY RESIDENTIAL DWELLING UNIT HAVE THE RIGHT TO HAVE ALL DEPOSIT FUNDS (UP TO 10-PERCENT OF THE PURCHASE PRICE) DEPOSITED IN AN INTEREST BEARING ESCROW ACCOUNT. However, Florida law permits a builder to obtain a waiver of this right. By signing this Agreement, the Buyer(s) hereby waives the right to have their deposit escrowed and the right to earn interest on their deposit. The Buyer(s) agrees to make all deposit payments directly to the Seller. The Buyer's deposits must be equal to the required FHA down payment prior to the release of construction on all FHA end loan closings. All deposits on conventional loans must be received prior to release of construction on all end loan closings. 7. FINANCING: Buyer(s) shall, not later than 7 days from the date the Purchase and Sales Agreement is executed by the Buyer(s), make full loan application for a 30 year $244,195.00 loan, proceeds of which shall be paid to Seller at time of closing. The responsibility for arranging such loan is assumed by Buyer(s). Buyer(s) shall furnish promptly all information, documentation, and cause to be executed all documents necessary as required by the specific loan type sought by the Buyer(s). The MORTGAGE AMOUNT set forth on the PURCHASE AND SALES AGREEMENT may be adjusted based on elections made by the Buyer(s) including, but not limited to, mortgage and finance options selected in conjunction with Buyer(s) financing, selected design options and features, and all change orders. All references in this PURCHASE AND SALES AGREEMENT to the MORTGAGE AMOUNT shall be deemed to be the actual amount of the MORTGAGE LOAN as adjusted by the mutual agreement of the parties. r Client ID: A33940 CGC058580 ver. 8/11 BUYER(S) INITIALS Page 1 of 9 Raymond L Givhan Jr. and Victoria Givhan / 36134 Shady BWff Lp Base