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3020.S.Florida Ave,Sulte 101, Lakeland,FL 33803 <br /> Phone:863-619-710 Fax:863-619-7995 <br /> www.h/ghla dhomes.org <br /> LOAN TYPE:COPFV-END <br /> Highland Holdl�s,Inc.,hereinafter called'SELLER°hereby agr to sell to Greg Thomas-and Yvonne Dera-Husband&Wife <br /> hereinafter called'BUYER(S)°and the°BUYER(S)°hereby agr s to purchase iram'SELLEA°the foAowing descdhed property in <br /> Pasco County,Plorda upon the following terms and cronditions: <br /> 1.LEGAL DESCRIPTION: Coinmuniiy:Silverado Lot:8 Phase oc�llage:l <br /> Street Addrosa:36300 Delte Goid Ct City:2ephyrhllls State:FL�p:33541 <br /> Mode1:Remington II-SW <br /> 2.TOTAL PURCHA3E PRICE OF LAND,IAAPROVEMENT3,EQU PMENT OR D(TRAS �20�:o67.A0 <br /> 3.(A) CP LOANS-THE TOTAL DEPOSIT IS DUE PRIOR TO CL SING. END LOANS- THE TOTAL DEPOSIT IS DUE PRIOR TO <br /> RELEASE TO START. BOTH SHALL BE PAYABLE AS FO LOWS. <br /> (1)Eemest money dspos�,receipt of which Is hereby ackno edged at Contract $500•OG <br /> (2)AddWonal paymertt due on June 30,2014 S 3,304.00 <br /> (3)Addi�onal payment due on JWy 31,2014 S 3,304.00 <br /> (4)Addmonal payment due on S 0.00 <br /> (b)Total Amount of DeposiyDown Paymer�t(3A1+3A2+3A3+3A4=3A5) $7.108.� <br /> 4.APPROXIMATE PROCEEDS OF NEW NOTE AND MORTCiAG TO BE IXECUTED <br /> BY BUYER(S)AT CLOSINQ $188,389.00 <br /> pf eppliceble,one Ume FHA MIP,VA Funding Fee,or USDA uarentee Fee ahall be Induded in note and mortgage,end <br /> shall be pald by BuyBr(8)•) <br /> 5.CONTINaENCY: The purchase of the above referenced p perly is not coMingent upon the sale or ciosing of eny properdes <br /> preseMly ovmed by Buyer(s).Upon completlon of the ebove r renced property and noUftcaUon to Buyer(s)that Seller is ready to <br /> close,Buyer(s)agrees to clase promptly. <br /> 6. DEPOSITS: Seller is requlred by Florida law to ghre the B r(s)the following notice: 7HE BUYER(S)OF A ONE-FAMILY OR <br /> 7W0-FAMILY RESIDENTIAL DWELLINO UNIT HAVE THE RIQ TO HAVE ALL DEPOSIT FUNDS(UP TO 10-PEF10EIdT OF THE <br /> PURCHASE PRICE� DEPOSITED IN AN IM'EREST BEARING ESCROW ACCOUNT. However, Florida law permits a 6uilder to <br /> obtain e waiver of thls rigl�t. By slgning this AgreemeM,the Buy r(s)hereby waNes the dgM to have thely deposft escrowed and the <br /> rfght to eam interest on thely deposit. The Buyer(s)agrees to ke all deposit paymenis directly to the Seller. The Buyer's deposRs <br /> must be equal.to the requlred FHA down payment prior to the lease of construcUon on ell FHA end loan dosings.All deposris on <br /> convenUonal loans must be recefv�prior to retease af constructi n on all end loan closings. <br /> 7. FlNANCING: Buyer(s)shall,not later than 7 deys from the d the Purchase and Sales Agreement fs�xecuted by the Buyer(s), <br /> make iull loan application for a 3o year 5199,389.00 loan, eds of whlch shall be pald to Selier at tlme of clos(ng. The <br /> reaponslbllity ior arranging such loan is assumed"by Buyer(s). uyer(s)shall tumish prompUy all informaHon,doaimentatlon,and <br /> cause to be executed all documerns necessery as requlred by the specific loan type sought by the Buyer(s). The MORTGAGE <br /> AMOUNT set torth on the PURCHASE AND SALES AGREE ENT may be adjusted based on etecUons made by the Buyer(s) <br /> Including,but not liinited to,.mortgage and flnance options selecte fn conJuncUon with.Buyer(s)finandng,selected design optlons and <br /> features,and all change orders. All references in this PURCHAS AND SALES AGREEMENT to the MORTGAGE AMOUNT shell be <br /> deemed to be the actual amount of the MORTGA�E LOAN es adJ sted by the mutual agreement of the parties. <br /> � Client ID:A32635 <br /> CGC058580 ver.8/11 BUYER(S)INITIALS� � Page 1 of 11 <br /> �Ore{3 Thomes and Yvanne Elera/3830o Dalta GoW Ct. B8S6 �� <br />