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Apr 21 10 05:50p
<br /> THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS' AND THE FLORIDA BAR
<br /> "As Is" Contract For Sale And Purchase " AS Is
<br /> FLORIDA A SOC V.TID\ = F. r;LIC) =,S AND THE "LC= :I A.
<br /> 1* PARTIES: BANK UNITED FSB ( "Seller"),
<br /> 2* and Robert A. and Cheryl L. Maxon, husband and wife ("Buyer"),
<br /> 3 hereby agree that Seller shall sell and Buyer shell buy the following described Real Property and Personal Property (collectively "Property ")
<br /> 4 pursuant to the terms and conditions of this Contract for Sale and Purchase and any riders and addenda ( "Contract "):
<br /> 5 I. DESCRIPTION:
<br /> 6* (a) Legal description of the Real Property located in Pasco County, Florida:
<br /> HAZEL HTS Pa 6 PG 21 LOT 6 OR 8067 PG 735
<br /> 8 (b) Street address, city, zip, of the Properly: 5541 24T3 ST ZEPHYRBILLS 33542
<br /> 9 (c) Personal Property includes existing range(s), refrigerator(s), dishwasher(s), ceiling fan(s), light focture(s). and wrdowtreatment(s) unless
<br /> 10 specifically excluded below.
<br /> 11* Other items included are:
<br /> 12*
<br /> 13* items of Personal Property (and leased items, if any) excluded are:
<br /> 14*
<br /> 15* 11. PURCHASE PRICE (U.S. currency); . s 39,000.00
<br /> 18 PAYMENT
<br /> Aid bonalaoa I $11':f �Qr`y1!
<br /> 17* (al Deposit held in escrow
<br /> by Y ( "escrow Agent") in the amount o` (checks Subject to claara • 4,000.00
<br /> 18" Escrow Agent's address: Phone:
<br /> 19* (b) Additional escrow deposit to be made to Escrow Agent within days after Effective Date in the amount of $
<br /> 20* (c) Financing in he amount of ( "Loan Amount ") see Paragraph IV below
<br /> 21* (d) Other $
<br /> 22 (e) Balance to close by cash, wire transfer or LOCALLY DRAWN cashier's or official bank check(s), subject
<br /> 23* to adjustments or proration l $ �7 0100. 00
<br /> 24 tit TIME FOR ACCEPTANCE OF OFFER AND COUNTEROFFERS; EFFECTIVE DATE:
<br /> 25 (a) If this offer is not executed by and delivered to all parties OR FACT OF EXECUTION communicated in writi between the parties on or
<br /> 26* before April 20, 2010 , the deposit(s) will, at Buyer's option, be returned and this offer withdrawn. Unless other -
<br /> 27 wise stated, the time for acceptance of any counteroffers shalt be 2 days from the date the counteroffer is delivered.
<br /> 28 (b) The date of Contract ( "Effective Date') will be the date when the last one of the Buyer and Seller has signed or initialed this offer or the
<br /> 29 final counteroffer. If such date is not otherwise set forth in this Contract, then the "Effective Date" shall be the date determined above for
<br /> 30 acceptance of this offer or, if applicable, the final counteroffer.
<br /> 31 IV. FINANCING:
<br /> 32* X(a) This is a cash transaction with no contingencies for financing;
<br /> 33* 0 (b) This Contract is contingent on Buyer obtaining written loan commitment which confirms underwriting loan approval for a loan to purchase
<br /> 34* the Property ("Loan Approval") within days (if blank, then 30 days) after Effective Date ( "Loan Approval Date") for (CHECK ONLY
<br /> 35* ONE); 0 a fixed; 0 an adjustable; or O a fixed or adjustable rate loan, in the Loan Amotnt (See Paragraph II.(c)) at an initial interest rate not to
<br /> 36* exceed %, and for a term of years. Buyer wit make application within days (if blank, then 5 days) after Effective Date.
<br /> 37 BUYER: Buyer shall use reasonable diligence to: obtain Loan Approval; notify Seller in writing of receipt of Loan Approval by Loan Approval
<br /> 38 Date; satisfy terms of the Loan Approval; and close the loan. Loan Approval which requires a condition related to the sale of other property shall
<br /> 39 not be deemed Loan Approval for purposes of this subparagraph. Buyer shall pay all loan expenses. Buyer authorizes the mortgage broke -(s) and
<br /> 40 lender(s) to disdose information regarding the conditions, status, and progress of loan application and Loan Approval to Seller, Seller's attorney,
<br /> 41 real estate licensee(s), and Closing Agent.
<br /> 42 SELLER: If Buyer does not delver to Seller written notice of Loan Approval by Loan Approval Date, Seller may thereafter cancel this Contract by
<br /> 43 delivereg written notice ( "Seller's Cancellation Notice") to Buyer, but not later than seven (7) days prior to Closing. Seller's Cancellation Notice shall
<br /> 44 notify Buyer that Buyer has three (3) days to deliver to Seller written notice waiving this Financing contingency, or the Contract shall be cancelled.
<br /> 45 DEPOSIT(S) (for purposes of this Financing Paragraph IV(b) only): If Buyer has used reasonable diligence but does not obtain Loan Approve!
<br /> 46 by Loan Approval Date, and thereafter ether party elects to cancel this Contract, the deposit(s) shall be returned to Buyer. If Buyer obtains Loan
<br /> 47 Approval or waives this Financing contingency, and thereafter the Contract does not close, then the deposit(s) shall be paid to Seller; provided how -
<br /> 48 eve, if the failure to close is due to: (i) Seller's failure or refusal to Jose or Seller otherwise faits to meet the terms of the Contract, or () Buyer's lender
<br /> 49 fails to receive and approve an appraisal of the Property in an amount suffident to meet the terms of the Loan Approval, then the deposit(s) shall be
<br /> 50 returned to Buyer.
<br /> 51 * O (c) Assumption of existing mortgage (see rider for terms); or
<br /> 52* O (d) Purchase money note and mortgage to Seller (see "As Is" Standards 13 and K and riders; addenda; or special clauses for terms).
<br /> 53" V. TITLE EVIDENCE: At least — days (if blank, then 5 days) before Closing a title insurance commitment with legible copies of instruments listed as
<br /> 54 exceptions attached thereto ( "Title Commitment ") and, after Closing, an owner's policy of title insurance (see Standard A for terms) shall be obtained by:
<br /> 55* (CHECK ONLY ONE): X(1) Seller, at Sellers expense and delivered to Buyer or Buyer's attorney; or
<br /> 56* Q (2) Buyer at Buyer's expense.
<br /> 57* (CHECK HERE): ❑ If an abstract of title is to be furnished instead of title insurance, and attach rider for terms.
<br /> 58' VI. CLOSING DATE: 'This transaction shall be dosed and the closing documents delivered on or before 5/12/2010 ("Closing"), unless
<br /> 59 modified by other provisions of this Contract. In the event of extreme weather or other conditions or events constituting "force rrajeure ", Closing will be
<br /> 60 extended a reasonable time until () restoration of utiibes and other services essential to Closing, and (l) availability of Hazard. Wind, Flood, or Homeowners'
<br /> 61 * insurance. If such conditions continue more than - days (i blank, then 14 days) beyond Closing Date, then either party may cancel this Contract.
<br /> FAPJBAR ASIS -2x Rev. 2/08 CO 2008 Florida Association of REALTORS' and The Florida Bar At Rights Reserved Page 1 of 5 , �,n / � , r�
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<br /> Subject to Sellers Addendum %��
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