ff Von, > & i lop Q - 40bivIg, “8 P: STATE OF FLORIDA en fSioy a7, DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION” FLORIDA REAL ESTATE COMMISSION NGS Ve ’ FLORIDA DEPARTMENT OF BUSINESS AND PROFESSIONAL REGULATION, DIVISION OF REAL ESTATE, Petitioner, vs. , FDBPR Case N° 2000-83812 : 2000-84716 DAVID L. RHOTEN I, Respondent. / ADMINISTRATIVE COMPLAINT State of Florida, Department of Business and Professional Regulation, Division of Real Estate (hereinafter "Petitioner" files this Administrative Complaint against David L. Rhoten II (hereinafter "Respondent") and alleges: ESSENTIAL ALLEGATIONS OF MATERIAL FACT 1. Petitioner is a state government licensing and regulatory agency charged with the responsibility and duty to prosecute Administrative Complaints pursuant to the laws of the State of Florida, in particular Section 20.165 and Chapters 120, 455 and 475 of the Florida Statutes, and the rules promulgated pursuant thereto. 2. Respondent David L. Rhoten Lis and was at all times material hereto a licensed Florida re real estate broker, i issued | license S number 034741 8in accordance W with Chapter 475 of the Florida Statutes. 3. The last license issued was as a broker at 895 E Palmetto Park Road, Boca Raton, pooner: FDBPR vs David L. Rhoten II FDBPR Case N° 200083812 Administrative Complaint Florida 33432. 4. At all times material herein, David Rhoten (Respondent) was a licensed broker of record with Castles By The Sea (Brokerage). 5. Atall times material herein, the Respondent was the only signatory on the escrow account for the Brokerage. 6. On or about August 31, 2000 the Brokerage facilitated a Sale and Purchase Contract between Advanced Builders Corporation (Seller) and Michael Amston (Buyer) for the property commonly known as 875 Dogwood Drive, Delray, Florida. A copy of the contract is attached hereto and incorporated herein as Administrative Complaint Exhibit 1. 7. The contract listed the Brokerage as the Escrow agent for the transaction. 8. Pursuant to the contract, the Brokerage received an earnest money deposit of $42,800 as escrow holder upon the buyer signing the contract. A copy of the check is attached hereto and incorporated herein as Administrative Complaint Exhibit 2. 9. The contract indicated the closing was set for October 1, 2000. 10. On or about September 11, 2000, attorney for the Buyer, wrote a letter to the Seller, and copied Jennifer McCrary, an employee of the Respondent, withdrawing the Buyer’s offer and demanding return of the earnest money. A copy of the letter is attached hereto and incorporated herein as Administrative Complaint Exhibit 3. 11. On September 14, 2000, attorney for the Seller wrote a letter to the Buyer, and copied FDBPR vs David L. Rhoten II FDBPR Case N° 200083812 Administrative Complaint the Brokerage, demanding the escrow money. A copy of the letter is attached hereto and incorporated herein as Administrative Complaint Exhibit 4. 12. The Respondent failed to notify the Petitioner of any dispute over the escrow money. COUNT I Based upon the foregoing, Respondent is guilty of failure to provide written notification to the Commission within fifteen business days of the last demand of the procedure instituted to resolve the escrow fund dispute and must institute one of the settlement procedures as set forth in Section 475.25(1)(4)1 of the Florida Statutes, within thirty days after having such doubt, all in violation of Rule 61J2-10.032(1)(a) of the Florida Administrative Code and, therefore, in violation of Section 475.25(1)(e) of the Florida Statutes. | COUNT I Based upon the foregoing, Respondent is guilty of failure to provide written notification to the Commission within fifteen business days of the good faith doubt of the procedure instituted to resolve the escrow fund dispute and must institute one of the settlement procedures as set forth in Section 475.25(1)(d)1 of the Florida Statutes, within thirty days after having such doubt, all in violation of Rule 61J2-10.032(1)(b) of the Florida Administrative Code and, therefore, in violation of Section 475 .25(1)(e) of the Florida Statutes. acca cs FDBPR vs David L. Rhoten IT FDBPR Case N° 200083812 Administrative Complaint ESSENTIAL ALLEGATIONS OF MATERIL FACT 13. On or about November 16, 2000, the Petitioner conducted and audit of the Brokerage’s records provided by the Respondent’s then attorney James Miller. 14. The audit revealed the escrow account had a shortage of approximately $1,288,597. A copy of the audit form is attached hereto and incorporated herein as Administrative Complaint Exhibit 5. 15. The audit further revealed that the Brokerage did not maintain the required records. ‘ COUNT I Based upon the foregoing, Respondent is guilty of failure to maintain trust funds in the real estate brokerage escrow bank account or some other proper depository until disbursement thereof was properly authorized in violation of Section 475.25(1)(k) of the Florida Statutes. COUNT IV Based upon the foregoing, Respondent is guilty of culpable negligence, or breach of trust in any business transaction in violation of Section 475.25(1)(b) of the Florida Statutes. COUNT V Based upon the foregoing, Respondent is guilty of failure to prepare the required written monthly escrow statement-reconciliations in violation of Rule 61J2-14.012(2) and (3) of the Florida Administrative Code and is, therefore, in violation of Section 475.25(1)(e) of the Florida Statutes. corer FDBPR vs David L. Rhoten II FDBPR Case N° 200083812 Administrative Complaint ESSENTIAL ALLEGATIONS OF MATERIAL FACTS 16. At all times material herein, the Respondent was the broker of record for Castles By The Sea. 17. On or about March 26; 2000, Castles By The Sea facilitated a Residential Sale and Purchase Contract between Stephen and Clare Sims (Buyers) and Jacqueline Bardach (Seller) for the property commonly known as 6017 Old Ocean Boulevard, Ocean Ridge, Florida. A copy of the contract is attached hereto and incorporated herein as Administrative Complaint Exhibit 6. 18. Pursuant to the contract, Castles By The Sea received an earnest money deposit of $10,000 as escrow holder upon the Buyers signing the offer. 19. The contract further specified that the Buyers were to deposit with Castles By The Sea an additional $20,000 earnest money within ten days after the effective date of the contract, 20. On or about May 2, 2000, Stephanie McCauley (McCauley), agent for Castles By The Sea, notified the Seller in writing that the Buyers were unable to obtain financing and requested a release of the escrow deposit. A copy of the letter is attached hereto and incorporated herein as Administrative Complaint Exhibit 7. 21. On or about May 8, 2000, William Manikas, attorney for the Seller, sent a letter to McCauley with a possible alternative financing source for the Buyer. A copy of the letter is attached hereto and incorporated herein as Administrative Complaint Exhibit 8. 22. On or about May 18, 2000, Myron Dunay, the new attorney for the Seller, made a caper age ep cree en cee oe FDBPR vs David L. Rhoten II FDBPR Case N° 200083812 Administrative Complaint formal demand for the escrow money to McCauley. A copy of the letter is attached hereto and incorporated herein as Administrative Complaint Exhibit 9. 23. On or about July 20, 2000, the attorney for the Seller sent a demand for the escrow money to the Respondent. A copy:of the letter is attached hereto and incorporated herein as Administrative Complaint Exhibit 10. 24. The Respondent failed to notify the Petitioner of the dispute regarding the escrow funds. COUNT VI Based upon the foregoing, Respondent is guilty of failure to account or deliver funds in violation of Section 475.25(1)(d)1. of the Florida Statutes. COUNT Vi Based upon the foregoing, Respondent is guilty of failure to provide written notification to ‘ the Commission within fifteen business days of the last demand of the procedure instituted to resolve the escrow fund dispute and must institute one of the settlement procedures as set forth in Section 475.25(1)(d)1 of the Florida Statutes, within thirty days after having such doubt, all in violation of Rule 61J2-10.032(1)(a) of the Florida Administrative Code and, therefore, in violation of Section 475.25(1)(e) of the Florida Statutes. WHEREFORE, Petitioner respectfully requests the Florida Real Estate Commission, or the Department of Business and Professional Regulation, as may be appropriate, to issue a Final ere mmeescge: FDBPR vs David L. Rhoten II FDBPR Case N° 200083812 Administrative Complaint : Order as final agency action finding the Respondent(s) guilty as charged. The penalties which may be imposed for violation(s) of Chapter 475 of the Florida Statutes, depending upon the severity of the offense(s), include: revocation of the license or registration or permit; suspension of the license, registration or permit for a period not to exceed ten (10) years, imposition of an administrative fine of up to $1,000 for each count or offense; imposition of investigative costs; issuance of a reprimand; imposition of probation subject to terms including, but not limited to, requiring the licensee, registrant or permitee to complete and pass additional real estate education courses; publication; or any combination of the foregoing which may apply. See § 475.25(1), Fla. Stat. (1999) and Fla. Admin. Code R. 61J2-24.001. The penalties which may be imposed for violation(s) of Chapter 455 of the Florida Statutes, depending upon the severity of the offense(s), include: revocation of the license, registration, or permit; suspension of the license, registration, or permit for a period not to exceed ten (10) years; imposition of an administrative fine of up to $5,000 for each count or offense; imposition of investigative costs; issuance of a reprimand; imposition of probation subj ect to terms including, but not limited to, requiring the licensee, registrant, or permitee to complete and pass additional real estate education courses; publication; restriction of practice; injunctive or mandamus relief; imposition of a cease and desist order; or any combination of the foregoing which may apply. See § 455.227, Fla. Stat. (1999) and Fla. Admin. Code R. 61J2-24.001. FDBPR vs David L. Rhoten II FDBPR Case N° 200083812 Administrative Complaint SIGNED this 2 aay of _ / , 2001. Department of Busine: : Professional Regulation By: Director, Division of Real Estate ATTORNEY FOR PETITIONER Juana Watkins Florida Bar N° 0192112 Senior Attorney Department of Business and Professional Regulation, Legal Section - Suite N 308 Hurston Bldg. North Tower 400 West Robinson Street Orlando, Florida 32801-1772 (407) 481-5632 (407) 317-7260 FAX IWik PCP: CS/HF 5/01 NOTICE TO RESPONDENTS PLEASE BE ADVISED that mediation under § 120.573, Fla. Stat, is not available for administrative disputes involving this type of agency action. FDBPR vs David L. Rhoten II . FDBPR Case N° 200083812 Administrative Complaint PLEASE BE FURTHER ADVISED that pursuant to this Administrative Complaint you may request, within the time proscribéd, a hearing to be conducted in this matter in accordance with Sections 120.569 and 120.57, Fla. Stat.; that you have the right, at your option and expense, to be represented by counsel or other qualified representative in this matter; and that you have the right, at your option and expense, to take testimony, to call and cross-examine witnesses, and to have subpoena and subpoena duces tecum issued on your behalf if a formal hearing is requested. , PLEASE BE FURTHER ADVISED that if you do not file an Election of Rights form or some other responsive pleading with the Petitioner within twenty-one (21) days of receipt of this Administrative Complaint, the Petitioner will file with the Florida Real Estate Commission a motion requesting an informal hearing and entry of an appropriate Final Order which may result in the suspension or revocation of your real estate license or registration. Please see the enclosed Explanation of Rights and Election of Rights form. Be. « : z 234 GER OM eA Laer) BOS 2 * B23 & DO BEA Ue c-¥J whew rnd Pans oe Laniract for Sale and a raurtes: £ Eemldlers et. . _. a ewe eee ee POND . sao Miches) Acosaon aye dof ia (Prana) Sreraby agree tal Sellar shad 198 and Buyer shag buy the ‘otlowing described raal zrogarty and sa/sonal srocarty [ocdaciwaly Prooerty’y pursuant fo tha tarme and conationa of thus Cont: Stor Sale and Purchase and ary "ders and addenda ("Contract"). Th DESCRIPTION: - 4a) Lagal descrignon of tte Aaal Prooarty located » Palm Pesch _ Oars CACmO Rena) ~ a tt 22) Sset aadresa, cty, 3p, of the Prooarty iar «2 {¢) Parent Progeny: i AS Msi PUACHASE PRICE: . 16 PAYMENT: OY M7 {a} Oapastt neid in escrow oy. (Escrow Agana) in ine amount ct. M$ (8) Adcitonas eecrow decost 10 be made 0 Escrow Agant with 77 Gays arter Stacie Cate (see Paragraon Ill) in the amourt of. 9 (¢} Subject :o ANO assumotion of acstng morgage in good standing in favor of Jewing an scormumaie present prrcpal balance of .... 1 id) New martgage francng with a Lander (sea Paragraph fV) ‘me amount ct 2 (9) Purchase money morgage and nete 10 Saler (ade noes Sor terms) la ihe amaunt of m Cmer: A 1g} Balance to close cy U.S. cash or LOCALLY CRAWN cathiara or official tans chackial, suoiect to agjusiments 2¢ prompana al TIME FOR ACCEPTANCE OF QFFER: EFFECTIVE OATE; FACSIMILE: !f tris clter s act sxacuted by and getvered 'o all pactias CR FACT EXECUTION comsmuncated in wor ‘ datwaan ‘ha parte on of Selcre Ses rit fee) tha deoos.t(s) «il, at Buyer's option, be mlurned and this oHer withdrawn. For ourposes of ceimery or notice « 2? axacuuon, parties include Suyer end aacn cf tha respective trokars or atomneys. The dala of Convact (EHfectve Cate) wit be na date whan the last ona of he Buyer and Sew Sihas signed this offer. A facsumue copy of ths Contract and any signatures harson sna be conadeced for all purposaa ag an crgwal. TaIV, FINANCING: . 2 Dla) Ths s'a casn transaction win noi 31 Sad(b) Thia Contract 's concitionsd on 8 wittun, OO) cays after Etfecavg Gate Tor (CHECK GNLY ONE) Oa xed; O} an aciusisole: od TR “Hxed oF adjustate rate ‘oan in tht preigal IN nitaad Itaeesy MELD NOT 9 oxcaed . decount and oaginaucn fees Act !o sxcaed, Be 33 pencipal amount, and for a tem of 2 Saya (Scare catl bianky afb Eflactive Dara and use reazonante ctigence %9 clas a oa 34 commament and, mersaner, 16 sataly "erms ard conditions of td commitmert and Sosa ing oan, Suyer shail pay ail loan exoensea If Buyer fails t6 obtain 3 comearant cr ‘aia ‘0 war 3S Buyers rights under tus suooaragman witwn te time for obtaining a comitimen or: ster aligent after. als to meet tha terms and conditions cf tre commitment by ‘he closing dats | 38 Ren emer party thersaer, by whiten novce to the omer, may cancal this Contrict and Suyer"shall be rifuaided she depoat Dich The susting mortgage, described in Paragraph Ii{c) above, has: Q) a variable interest raia/"or(]-e“teed ‘ntereat rata B ‘Marest rates are sudjact ‘9 increase: it Increased, the rata shai not axcaed % a u w 8 ay, owner's policy ol litle insurarce. WV CLOSING OATE: This transaction snait be dosed and tha closing documenta deivered on Vi, RESTRICTIONS; EASEMENTS; LOMITATIONS: Suyer snail take tla subject {0: comsranansive ‘and s6, plans, zoning, reatictions, oronibians anc cinar foquraments moosad tn 'S gowarimantal authonty: rasincions and matters appeanng an the pial of ctherasa common '9 the suocivision; oitalanding oll, gaa anc mineral rights of rscord «wanout right of sary: pubis Auulty sasemants af record {easements are fo be iocated contiguous 10 real property lines and vot mora than 14 feat {4 width as 10 the rear o¢ front lines and 7 1/2 leat in wcth az 10 INO S10 ihngs, uniess otherwise atated herein); taxes for yaar cl Cosing ang suosequent years: assumed mortgages and 21 money mengages, t any {if sadntonal 3ee accendun) 2 crovead, that thare axiaia at losing ro weiation af tne ‘cregaing and none pravert usa of na Property ‘cr ee Saree. PEMA ourmose(3) AVI, OCCUPANCY: Seller sarrants that ‘nore ara pa paras in cccupancy othar nan Sellar; but Properry ia ‘intended fa beenied ar cocipied beyond closing, ine lact and terms tharao 4and ina tenani(s) or occupants shall be decosed pursuant to Standard F Seller shail Galiver occupancy of Property 19 Buyer at tre of ciosing uniass cinarwiga stated nevein. 1 ocouaancy 3:6 19 da delivered Dalore Comng, Buyer assumes ail nsks ol losa to Property from cate of occupancy. snail be respcnsibie and Rabie for mamtanance from that dale, and shail ba caumed Shave accapted Property in ta addating conaitian-aa of Uma of (aking occupancy Unioss thormisg sated Narain, we van TIX, TYPEWRITTEN OR HANOWRITTEN PRCVISIONS: Typewntten or hancwritan provisons, ders and addenda shall contrat ail printed prov:siona of thus Contract in cortict wn th 2X RIOERS: (CHECK those riders wnicn ara apgucadle AND are attactied to ints Contract as $ Q COMPREHENSIVE RIDER OQ HCMEOWNERS' ASSN. - CUGOASTAL CONSTRUCTION CONTRCL LINE 0. I CONCOMINiUM Qasis QUNSULATICN | 1 CO vAarHA OQ LeAD-2aseo PAINT 2X1, ASSIGNABIUITY: (GHECK CNLY CNE): Quyer Q may assign and thereby sa ‘oleased from any ‘unther Yaovity under thie Contract Tay assign Sut net be released from sabe; Juncer tis Contract org may not asagn cis Contr «Xi, OISCLOSURES: . 5 {a) fiscon 3 a vaturady occuring radicactve gas thal when accumulated it a buiding in suticiert guanches may praseet aah risks 19 29rS0ns WhO ara axpcsed ta 4 Over tna. Lavass of radon 3 Rat exceed cera! and stale guideines Rave dean found in buridings in Flonda, Adcitoral wiomnanon -agarting Radon or Radon 'asang may be obmainad om your County Puoac Haat Und. 7 {0} Suyer acknowtedges ‘ecaiot of the Florida Suiicing Snargwéticiancy Rating Systam Brochure. 3 {a} It the real property ‘cases ore-1978 reucenval housing hen a tead-based paint reer |g mandatory. 2 (2) 8 Saitar 16 a Tereagn verson’ as Gefined by the Foreign Invasunant in Real Prooarty Tax Act, tha partes snail comply with ‘hat Act. 7 1 {e) if Suyar wil be omigated fo be @ mamber cf a homecwners’ association, SUYER SHOULD NOT EXECUTE THIS CONTRACT UNTIL BUYER HAS RECEIVED ANO READ THE 1 HOMECWNERS’ ASSOCIATION CISCLOSURE. . LXUL MAUMUM REPAIR COSTS: Sotler snail net be rasponasidie for saymonts in exceag of: cry for Treatment and repair uncer Standard 0 [if bisni, than 2% of tha Purchaae Prica), + gs sor tapair and replacement under Stancars N (if biank, then 2% of the P: ra Pra), iXIM, SPECIAL CLAUSES: ACOENDA: if acciticaal farms are‘ be provided, aflach acdendum and CHECK HERE 4. XV. STANDARDS FOR AEAL ESTATE TRANSACTIONS: Stancards A through 'W on ‘he covarse side of attached are incorperated as a dart of this Convract, ' THIS IS INTENCED TO BE A LEGALLY BINDING CONTRACT. If NOT FULLY UNDERSTOOO, SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING. : THIS FCAM HAS BEEN APPSOVED aY LORICA ASSCCIATICN OF REALTORS ANC THE FLORIDA 3aa. 4 Azorow dows not consisuss an opinion that any of me terms and conditions in ims Contract ifowd De accoted by ihe parties 7 9 carta transacten, Terma ang ooncmons sect 1 a regouated dasad Udon the raspeciive intarasts, objectives and Sargsining 2osions of ai interasted persors. COPYRIGHT 1998 3Y THE SLORICA 3AR AND TH: RIDA ASSOR:. ON 3 - REATCAS ¢ Ts — Soca Secumty or Tax 10. # 1 Buyer) (Carey (Galery Soca Secunty of Tax 1.0. 4 Teaver) {Oseay ~ Sele Gace Some) Sacunnty cr Tax 10, 4 Sorte Security of Tax LD # (Escrow Agant) + Capos under Parageapn Il 1a) macawved: IF OTHER THAN CASH, THEN, Naga: Ciaperaiing FARBAA-SAT Ravinad 438 RIDERS CAN 3E CATAINED FROM THE SRTITLE AOILENE: canna AN ceaedes of Pio und of uu cated negra HMONG wg eetegt oubue records, 1 Herod by Mest Sartgaren cath Maly Sot PEA ato ou te Suyer, an seenes Dolley of “8a 'asueREN >A ta amcunt RUD gery cal fhe poate Pouaieda of Mon Lone! imaty © mw Lounty Gyo clowng of thd CaeHtaCt Wa bait th Ge oRag Torre aener Paranet by a Tinea Aeon WO the QUIciuse fen guna Buyers tna :o MA seal pmMently, subwect GoW INE, ENCUMPAT ES, AH 6 4 duaslicatons provided ts Contract and those 0 99 clscnarged ny Sailer at 22 haters sosang, Senier shail convay maixotaiia hla sidiect anly *9 “ens, ancumnlnncss. sreaniry P quaitinations Yroves ong Contact, Murkwtable tle sind Gu elurnmnad ir bediy 2 Awendle Tila Stancurde sdoyled By duibunty at fet 1 Duyer sol Rave 5 cays “rom date of recenang eviconce of tile ‘2 axcumina +, {thle 18 Iound Jolociva, Buyer shad winin sail S ciays nobly Sader wn wating sprecilying ‘he =e Peuchie tile uneriskatiule, Sole wed Syvu SO choy fray racinut ob lcs “tremens Hue onthtt Mlltng elu Geavare hat antes teves Gab Heyyy itl solar weiltan nance "@ Sellar aver: {1) sxtgnding tha time for a reasonable sere rot 10 exceed 120 cays wihin men Sulfer shall uia chkgant furl ie semana ied cere A eyhund of depasit(s} 236 which snav ba immediatly raturnod 10 Guyar If Duyn fals to 30 nowy Sevar, Suver shall ba slontand ter Nava accepted ho Met ag. twee s6 Saves tual ind unimasketatie, 38 digent atfert 10 caroct detects) Minin ihe tine poveed trarcior if Seller 14 unable 70 hinaly cotunt ihe Malocts, Buyer iar watve Na ttle ot te . und Of duoasii(3), haraty roleasing Juver am! Soller trom ai further obtgations neces ines Contract, I avidence of tiie» delivered to Buyer res hon S cays oro ‘9 oe 196 may extond clasing cale-aa that Buyer shail hava sin tO 5 days ‘rom data of recast cl avecerce of tila to examing sama in accarrance will {lug Shurdard. “0, PURCHASE MONGY MORTGAGE; SECURITY ACHEEMENT 70 SELLER: | ourchase nonay martyage and movigage fex0 0 See shail awit hee Maki Grice eno 979 ee default f a frst mortgage ard a 1S-day graco period a s0cond GF efor momyagu, shall s’owde lor eghl cf graguynent mwheie on a putt walbuut Jeail pevsiat Rucoforabee a ae "Hwiefer of tha real areparty: shail roqura 38 ptr ans and oncuruances to be KEY SN 0d standing and forded Irootigntaaue 6) Snbore seswIncem canal at wortganersh WAI rn “1p -Raintan policies of nsulance contannng a slarward murtqagoc cause covering all improvements located on ‘ne ‘eal pronaty agamist ane tnd ak paris wsgiouad wun Fe ons > erage codntzemnsts’ ond such uther ashe and Denia a Sevier may asonuuty focus, 7 a amounl dual fo iter Righest durable value: ard te morigaga, nota and Soc. a Tet oflisavied in cere ane content cexwrad by Sakae, bat Sear may only raqurs Graces ana COMATGA CHisiorRny {nune! IN MOrGAER MOATA Fels at sAcULaY AEENTMMENIS A Zed by savinys and ban inslitutlons oF atte oF n:thonel hanks lente in the Coraity ANeriT iINd aah OBArY 16 OcatCH A pemawal property avd eyes Lewy reamed om Tessas 18 phon, Ue sudjo7!|9 tha lion of a Securtly ayruamant evusncad by reverdad finanang slalements, #4 Davoon murtgagy. Ie Miat payMCH we aeearAT I Penwuda, je newer ene dC. SURVEY: Buyer, at Suyar's expense, mtnia sine allowed :o deliver andenca of (ie srd to gxaming sama, Tay have the ceal proverty surveyud od coruhed by a fagsteted th 1 surveyor. tLtha survey a:scloses anctoachments an the real orcparly OF inal mrrovaments ‘ocated Iharaon ancroach On salback tines, sarercents. Iands ot otters of waters Any “As Contract covenants of apoicaole governmantal ratyulalion, tha same shal cocshtute a tise Zalect 0. TEAMITES(WACO DESTROYING CRGANISMS: Buyer, 31 Buyer's asperss, within ina ime atowsd fa dotivar vidonca cf fila, envy Dave Iho Property asnectedt by « Fuca Taste Conttol Crarater Cy ‘rater to determine if thare is any visible active terms -alssiaiion or veikie damage Nom tonne ‘alestation, excluding Incas “f asher ov Non ar@ Srund, Server 4 {nays fmt gta of w ten nctice thareo! within whi fo Mave coe! of troalmsnt, trnauted, ssumatad by the Cherator and ak tamage ‘Asparied ard ~simalcd my a "causa te eke os toniractt. Seller shat .cy valid costs of treatment and capair af ad damage un [0 Iha amouel peovetad in Paragrapn Xia), ff aztimaied costs eremest at Buyer: sft Ng a caneatiiy this Contract sain § days aiter cacaict of Contractor's raaait astimatn By Giving sariton notice te Soar ar Buyer may avert ta ponent wath the Sanncetian ane incon 2 ceed amicanl provided 9 Paragraph Xili{a). “Tartwos" shal ha Zacnied fo incaetg gf med dustropag errenignts reno jerked undiut the Moneta est Canton Adi +6 ae IGRESS ANN EGRESS: Seller warrants ana ropraganis tial thera is nqicns and ayress to We real property sulbicr AS miynijod 190 ay Uegelsted nig in aecorslanca «wth Standard A, ASES: Sader shad, cot tors than 15 Gays heiare closing, ‘vinisn 10 Ruyar cons of at weiitan teases and astcnct h 5. aGancedt tant and sacurily deposits paxd by hone. ape panne die paysare of Seen so sauna DOE are a siees, 1 63 Hom Pach tenant 9 ch tenanl, (he same yay Ine mature ang caeauon arty + symeabcay holt fe furtuahed by Sewers" 4H, PLACE OF CLOSING: Ciosing shai ba Nala in the county woerain tha « Zin amputang timo parods ef tase than sx (8) days, Saturdays, Sumiaya and stata of Aatonal lagal Selidnys snail ve excluded. Any limo perods provaled far sanss wie 3 aud on a Surday, Suncay, of a legal holiday shail axtend to 5.60 11m. ob tha mext gusiness day. Time Is of the easenca In this Contract, J. CLOSING DOCUMENTS: Sellar anai furnish iny dew, Dill of sala, construction iran aridaun, owner's possession uiSdavil, assignments of tanga, ton 1A and corroctiva instrumants, Suyer shaft henigh casing sitiement, morigaga, Mcrigage Aats. socunty agreantont and financing statements. iy K, EXPENSES: Qocimantary stares on ihe deed and em:arding of coractiva instruments shail 0 paid by Seiler. Documentary stamps end imtangibie Ix ont the purchase Noney mst, 1d and any morigage useumad, morigages hte Insurance comnmiimant wilt /sialod favs. ard recorcng of purchasa money moryage %0 Sellar, dacd ana Rranciny stalamar:s Mail Ox 11 oy Guyer, Uriace olnennse provided 2y iaw of ridar le tls Contact, charges ‘or the ‘olcwing related tile services, Namely sulla or abelract CHAIGA. 9 oxaImunaton, and seilgnron! 142 closing fae, shall De oad Ay the party asponsibla Wf furnishing the litte evxdena im accordance sn Paragrapn V. 43 |, PRORATIONS; CREDITS: Taxes, asaagemants, rent, interast, imsyranca and other axoenses of tha Proparty shail be prorated through the day before closing. Suvar spd nava iG ia of taking aver axisting policies of insurance, if assumable, in wrch avant prainiums snail ve grorated, Cash at clasing shall be mernazed Of Cocteased a3 May be required Sy promatios, 11$. ba mace *hinugit day stor to dosing, cf occupancy, f occuancy occurs Lalore closing. Advance rant and sACUMY GaDosits wil be creaited to Buyer Escrow deoosils hex Sy mort 114 wil be cradited to Sallar, Taxae shad be provated based on ina currant yaar's Ine wilt dua alowance made for maxuTUM allowate discaunt, homasteAT and oiher sxammsions. If eis iat OCcUrs ail a dale whon ‘he currant year’s millaga NOt flxod and current yaar'a assassmont Is available, taxa will ba prorated Dasad upon such aesdsemont and Dror years ml 3 current year's agsossment ig not avavaole, then taxas will Da prorAled on ner years lag. T Inara fa completed morovamants on the seal prooemty dy January 1st cl year of closing. + 9 ummprovernen's ware not axistence on January Is! of pros yaar, Inen taxes shall Le prorated based upon prior years millage and at an equitable aasesément 10 ba agrewd -O0N Ts +49 tho partes: failing whicn, mquast set be mada to ihe County Proparty Aocracar for an eformal asseasmant {a4ing into acount available dxaMprOns. A tax praration Based 27 ay 318 Snail, at requast of cither vary, be coadjusted uoan receipt af tax bull on condition thal 3 sta!amant (0 thal effect !2 signed at clos7g, 2 M. SPECIAL ASSESSMENT LIENS; Certified. contitmad anc ratliad spec! asgassindnt lens as of date af closing {nat as of Eitective Cato) ara fo de paid by Sailor Penceg 123 data of closing sliali be assumed by Buyer, ff Ire morovemant hag been suvstantially comulated as ol Etfectiva Dale, any pending tion shail be considered cernhed, sprinted ai 4 and Sellgr yall, ot closing, Da charged an amount aqual tu the ast asilnata oF aszasyerunt lor the anprevement by tha public body. INSPECTION, REPAIR AND MAINTENANCE: Satar warrants (hat tha colin, root rncueng the Ingcia and soiita) and axtenor and ‘alana! vale, ‘oundalon, soawails (or curwsains lackage do not Raw: ary Visibla Zvigence of ieaks, water damage or sttictual damage and shat he aeptic tank, god}, all apotlances. maaancal tems, eating. cooing, erecinesd ji of yntems one! inacha:sty ata in Working Condition, Tha foreqning waranty shail be fered 9 Ta itams spectiod untess otharmse arovided :n ain acktonctun. Buyer ry, at Buyers aucnan | HS -Asecetions eraga ol those tame wittie 20 days alter ine Elfecive Date, by a frm ar inqraduat socciauing mn home inspectiona and buxding An occtipational teense fof such purpose [il een Dy 8n appropnalcty scensed Flonda contractor, and Buyer shail, gror fo Buyer's occupancy but nol mara than 20 days shar EXectwve Cate, report in wring fo Soller such lems Pat do 19 above siandardt as '> dalects. Unless Guyer timaly roports such Celacta, Buyar shal be came io haw waned Sallar’s warranties as 9 defects not reportad 't mpaet cr “eostcemanis quired :2 comply mth sms Standard, Salter shall cause thor ‘0 ba made ang shell pay 1) 10 the amoyat previded in Paragracn XIIN(D). Salar is nol retiuradd 10 snake ¢eoaue OF “eDE coment 1g 4 Casmatc Condition usiess caused by a dafact Sexer lt rasponsioe ta raaait or zeplace 11 'na cast ‘or Such repair of replacement axca0d3 tha airouNt prowied a Pavagragn hb), Sure 15 Sailer may aiact to pay auch axcess, faiing which aither party may cancel ttrs Contract lf Sailer is urabia to corrsct 79 defac!s Onor 10 slang, the coat Inersol snail be nad in" asoow 3 Cos 13 Seller shall, upon roasoranie cance, arcade UiMIes server and access 40 Ihe Proparty for mapections, mclucing a walk-ttvougn priof to losing, '9 confer that at carns af pervanal srooer/ 1a5 on the coal yronarly and, subject 16 the loreqoang, that a8 requingd 1030 and replacements have baen mada 3°U shal the Progarly, Inciucing, But not terted 10, Srwn, shrubbery ard prot. 1 189 Nas bean macnlained 1 Se Conalion axisung as of Efiectve Dats, ordinary wear ard tear excepted. for purposes of ig Contract: {a} Working Conation” maans aperaing a ihe cannes 7 wt 47 the dom was dasignad ‘2 eparate: (0) “Cosmetic Condition” means aesiatic :moerlactions ‘hat do not affect The wonung concton of the nem, inckding, but oot limited io: pled marmite, mus. 1 r fetn screens: fogged wadaws: tears, worn SOCLS. of discoforiion of floor coverings, watoaper. oF window traatments; nad Holes. scralchas, denis, cranes, Chie oF ca.worg 9 S2AGS. 49 Ncoting, Sxtur@S, OF MHTCIS! and TAROT Cracks iA NGOS, fies, windows, Gineways, GdewaKs, Of pool decks: and {€) cracked roof Mas, curing ar worn sfengies, of imulsd ‘Oo! 8 SA as oo 13 considered detects Sater must ropair of feolao, $0 ‘ong as thale is no evidence of actual i2ane oF isakage oF struciwal Gamage. dul mussing ties wall be Salers roaporsiity 1a veatace CF “Mi In @. AISK OF LOSS: Hf the Property is camagad by fire oF other casuaily baiare closing and cast cf restoration Jaes nal excted 3*5 of the assessed valuation of the Proosrty 30 daa, 22 cast of restoration sna be an abligason of Sailer and closing chall procaed pursuant to ‘he terms of this Contract wath rastoraiton costs ascrowad at Cosma, I! ns cust of restoration o: 177.9% of tha aesazsed valuation of the Property so camagad, 3uyar siiad have the optinn ct anrar taking the P-aperty as is, togairer wn adhar tha 3° or any nsurance proceeas 14 by virtue of such loss 2¢ aamaga, of of canceling this Contract and recerving ratum of ine deoosit(s) . oop 1S B. PROCEEDS OF SALE; CLOSING PROCEDURE: The cead snail be recorded upon c'earancs of funds. If an abstract ol mio Nes Daan tumisned, avidenca of Stn’ shad 46 contain 174 Suyer’s expanse to stow ulle in Buyer, withaut any ancumbrances or chanye which woud render Seller's title unmarketable Irom the date of the last evedence. All Closm orocaads oat 77 neid in aecrow by Seller's attornay or other mutuaily accentadlo sscrow agant for a pened ct not mora than 3 days allar cosing Sate. if Seliers tle 1s randsred urmartadie. HeowGt 179 fault of Buryar, Suyer sraa, within the S-day period, natily Solo 'a writing of tho valact ated Seiler shall have 20 days trom date of raceiol of such wotileation to cura the veiect. i Sele 12" Umely cura ine delect, all degesn{s) and closing funds snail, upon writen demand by Buyer and wutin 5 days ater gemand, be returned ta Suyer ang, smutaragusty with ‘sa eecayment. uyar shad ratutn tha personal grogarty, vacate tha raal proputly and recomvey the Preporly to Sallar by soecial warranty dead and bil of sale ‘t Buysr 'axs to mane on IAT damond for salud, Buyer shail fake ttle 89, waning all gnis against Setar 25 10 Any svorvaning Getect axceot 29 may Pe available to Suyar by virtue of warranties ccotamad a tin fw 122 of bul of 2aie. il a poruon af tha purcrase price 1s to ba darived {rom snsitutronal finarsng ar ralinancing, raqueamants al ina tenving inslitullon as 10 place. time of day anc 2rcadunes Hu closing, ana for diezersement of mortgage precoeds shalt zontal ever contrary Dwceon in tig Contract. Satter snail Nave the ght 10 facuit@ froin the ‘ending rata a mitt — commuimant that (Cost nol wile susbuesemant af marigage proceacis asa resul of any tills Caleet allrsutsca to Buverrnanigager. The escrow and closing proceg.aa sana te ett Standard shail bu waned if tha te agent wuuran adversa inattors purstanl ta Soctor 327 7344, FS,, 93 amanved. Q. ESCROW: Any ascro4 agent (“Agant} recenung tustds or equivalent :5 guihorize:i 3nd agiaas by accestanco ol them tomdapustt them prornatiy, Hts 3 VF clearance, Cisbursa :nomn a accordance wilh tarms and cunciaans of thts Contract, Favura of tunes te staat srait nat accuse Buyn’s pararmance, fn equal a3 fo Agen 175 under the provisions of !hs Cantract, Agent may, al Agent's Solio. continus fo Ald tig sutyact mattar of ths sscrow untl tha Darties hereto agree 10 Ns cisbucemant OF S98 4 cout! of compelart jurscicticn shail daterming tha gnis at na paries, oF Agent way deposit same with ine clerw of Ma orcuil court NaVing juriadiction of me dis . Su parties concemed sl such action, al habiliy on tha part of Agent shail uty Caretta, except {0 Ihe extent of accountng tor any ‘tains rewously delivered out af eavicw Ma €en taal asrate Dicker, Agers wil coregry wih provisions of ruler 475. #5., a3 amenued Aay suit Datween Buyar ard Saver whesmn Agant :3 made 3 party Decause 3! acing as araundar. OF in any fad wharen Agant interplaads tha Sutract mattar,ct.34 adcrow: Agant’affal recover raasgnatia attomay's fae and costs ncue2d wi nasa amo 19 9° Pe “y anrd gut of ine ascrowad funds of aquvalant and charged ang awaraod, as Court cast? fuyOF Cf ine grevating zacty Tha Agunt snalt cot ba lacie :9 any Barty or cersea for rasasings, sl Suyer oF Sallar of dares sublect ta tha wscrom, unless Such magetinery 1a Guar to wlll 2raacn of ma prowslohe of this Contract ar gross negiganna 2! Agont. ty A ATTORNEY'S FEES: COSTS: 'a any ‘tigation. including 3/a9cn. anlorcament of ‘rarpratalica, arising Out sf this Contract. ma hravating party 0 such “igaven am, iy purco: vy ties Slanduid, 2a aciude Salar, Duper dnd sny brokers acting in agegey of NOnagarcy ;ulaLOnsnips auinstzod by Chavier 475, F5., as amenuac, shal be tins 9 setsear 6 nt acd merlgggae 2si39ne! ot s iu eget ara, Se 5. FAILURE OF PERFORMANCE: If Buyor fails 10 partorm thus Contract wignn tha time soacilied, including gaymant ob ail encsits, wna degonits) paid Dy “hayes ana ze70c0'*) 3 19 be aad, may be recovated and relainad by and for the account cf Salleseagrasd Yoon iqucdated damages, consweratian ‘er the secwIon qf thes Contract and in fy settlement 3 SS chants wnataupon, Buyer and Salar stil bg ralioved a! iil oLigatinns uncer nls Convact; or Sau, at Sailers cotion, may orecaad In equily to anlorce Sailor s mors uncar is ort Thi Hor any taason otter than failure of Sellar to make Saller's lle maratazag after ciigant aliort, Safar fails, nagiacts or refuses i pertorm this Contact, Buyar may sete smcche Darton keg 34 otact to cacone ie volun of Buyer's deoosit(s) without Inarsby ‘waning ay action ‘or damages resulting rom Swiler’s ornacn. 7 CONTRACT NOT AECOROABLE; PERSONS BOUND; NOTICE: Nether Ima Contact car any nance of anak ne f@cervau 9 any aublir *sc0mds: Ths Contant 353 ing Dunofit of ie garkes and new suacessota in wnlargst. Yhenaver Ine context PATHS, SInguies sal indiuda gual and one Gunder shall Include ail. Note Given Oy 2°79 “ne atl Va any carty shall ba as clloctive ag if given by or to (rat party. tog U, CONVEYANCE: Seviar shail convey tila fo the ‘eal property by stalWory warranty. ustee's, personal oprasantanva’s oF guarGlan's dand, a3 srpeepuiatie 19 1m Si saly fo mattara contaned in Paragraph Vit and those olherws arcapled ay Buyat. Pacscnal praparty shgit,.2t ihe request of Guyor, ba transiarrnd by ar ay20ivt9 bel TA at ttle, subject Only ‘9 auch maltars a3 may be olnarmgs provided lor harew. oe ; : aed ure a at Barter, wy cA MAN AEE. ssid 5a bindingy upon Buysse Guitar undads ineiaced sa Ms Contract, No imodilcaton 'c of change + Ta Contract nad be wale of binding ugan the partws unless in wnling and.exouled Dy i gulTy OF partuan intended ‘0 O98 bound Sy T y WARRANTY: Solar warmnta that tara ara no lacts known 10 Sader ateriaiy ailectag tha value ot-tte Proporiy whch are nat fawatly cosaraoie by Buyar or mcr Rave not oe ; 3% ° 312 arsclogad to Buyar SS wn, Buyer (. JC) and Seller ( FARLBARSA® Aw USE COPY AGE 144 : H ) acknowledge receipt ot a copy of this page. THE FLOBIOA DAA ANO THE FLORIDA ASSOCIATION OF REALTCAS® . on-ravaiing 2arty teasonable aftorney's teas, casts and expanses. / vy . ag-1s-Go FRE 18:34 Fak O54 772 9483 MICHAEL A ANNTSON 3201 PUKI ROYALE URS APT L FT LAUOEROALE, MM 98306-7089 PAY TO TH onom OF. . Guchfel, meee meer a #10 20568 IHD LOOGM2 VE 245370 20 = For VOOR SR 2 ee Michsel a, arntsen Q@onz 100 FIDELITY CASH RESTAVES Dara os fgleo Daeg guste Ly He So NK OL ste Eight heen FT oc 2° fowdn- Payfeent ak west est sicle — Jd heuse./ Corner aA: e Jock h? on Dy et BeE RE 412/00 TUE 15:22 Fad 954 172 9463 Michael A. arntson ser. oe aq 09:44 FROM:PATCH REEF TITLE ID:S61 758 9893S PAGE LAW OFFICES OF POSESS & WALSER, PA. 55S SQUTH FEDERAL HIGHWAY, SUITS 370 BOCA BATON, FLORIDA 33432 . (683) 392-2190 Fax (462) TS9595 . KEAL ESTATE DEPARTMENT. “SAX & ESTATE PLANNING DEPARTMENT CHARLES F. POSESS THOMAS C. WaALSER DOUGLAS R, NEL LL.M -Evuoy Plaming GISELE E, ASMAR CARYN 1 CLAYMAN BRENDa COX . LOKRIJ. KOLBERT KLEIN September 11, 2000 Mr. Michael Mucha. Ms. Carolyn Khine 3939 NE 5 Avenue #G102 Boca Ratoa, FL 33431 re: ADVANCE BUILDERS CORP sale to ARNTSON Dear Mr. Mucha and Ms, Kline: deen Please be advised that the undersigned represents Mr. Michael Arntson in the above referenced transactioa. Please accept this letter as formal notification of the Buyer’s withdrawal of his offer to purchase the above teferenced property, The contact was never accepted by the owners of recard of the property 25 of this dare, thereiore, the Buyer is withdrawing his offer efisctive immediately. The owner of this property is not Advance Builder's Corp, as shown on the contract but rather Michael Mucha as to an undivided 2/3 interest and Carolyn Kline as to'an undivided 1/3 interest. Since Carolyn Kline hus uever accepted the offer to purchase, and the Buyer made the offer to purchase the entire interest, not 2 2/3 interest, the Bayer is withdrawing his offer. By copy of this lemer, we are hereby requesting the escrow agent immediately x return aif funds in their possession to the Buyer since 4 binding contract has never besq created. I have enclosed a release of deposit foom for your immediate execution and fern. Very Truly Yours, Douglas R. Neu * DRN/omz ce: Micha Ameson Boor 172 a WOO UR le awe MARK 8. GOLDSTEIN, FA. B7QO N. MiLiTARY TRAIL © SUITE zou Moca RATON, FL 99431-6394 YeLeeHone: (S41) 999-9955 Facsimite ($3!) 989-9966 E-MAIL: MUGLAW@SFAAYNET COM September 14, 2000 Via U.S. REGULAR MAIL DOUGLAS R. NEU, £SQUIRE ve POSESS & WALSER, P.A. $35 SOUTH FEDERAL HIGHWAY, SUITE 370 BOCA RATON, FLORIDA 33432 Re: Advance Builders Corporarion-Seiler Michael Araston-Purchaser Lot 3. Spanish Trail Dogwood Townhomes, PB 87, Page 192. Palm Beach County, Florida-Property Dear Mr. Neu: Please be advised that this office represents Advance Builders Corporation Incident to the above- referenced mifatter. Lam in receipt of your letter dated September 11, 2000. Please be advised that Advance Builders Corporation, Michael Mucha and Carolyn Kline refute your allegation as to the sufficiency and binding aature of the Contract for Sale and Purchase by and between the parties dated August 36, 2000 (hereinafter referred to as the “Costract”) and Mr. Arnston’s legal ability to withdraw his offer to purchase the property following acceptance in accordance with the terms and conditions of the operative agreement As you are certainly aware based upon your firm’s prior legal representation of the Seller, Ms. Kline is a benefictal owner af Advanced Builders and authorized such entity to improve the real property and to sell sare to.Mr Amston in accordance with the Contract. Please be advised that at the sime of closing the Seller was prepared to convey good, marketable and insurable title to the property. Given the foregoing, the Seller chooses to treat your correspondence as at anticipatory breach of the Contract and assert its claims to the earnest monty deposit. By copy of this letter, the Seller is making demand upon the Escrow Agent. Castles By the Sea, for remitance of the sum of US$42.800.00 forthwith. {f you should have any questions or comments concerning the foregoing please feel free to contact me so that we may discuss sane. : Very tuly yours. OT ast 1 a eee Ternhe Kho eo gepres DEPARTMENT OF BUSINESS & PROFESSIONAL REGULATION Division of Real Estate OFFICE INSPECTION & ESCROW/TRUST ACCOUNT AUDIT FORM Lian ofS, pate [tj lose ~ NAME CF BROKER 5 AY/D (2 MOTE waste OF BROKER _ SROKER LICENSE # IA | iavly of SROKEA LICENSE? 1 TP . ast ¢¥ / 6 NAME OF 8ROKER NAME OF BROKER BROKER LICENSE # ' i i | | { { BROKER LICENSE # i | | | i { NAME OF 3ROK. RAGE a y BROKERAGE LICENSE # AME OE ONS 5 THE Ghee | Cagruas HY THE Se 1ObOOS 27 CITY ‘945 E, Delnetto PK RD. SBoce (CeTar/ Debq ead. 202 YES NO REMARKS PHONE NUMBER OFFICE {RULE 4152-10.022 & .923) 4 | | REQUIRED OFFICE SIGN (RULE 6152-10,024) AGENCY OR TRANSACTION SACKER DISCLOSURE {s.475.278, F.S.} ~ MONTHLY RECONCILIATIONS {RULE §1492-14,.012)__ Trman 1,360,597 > 75 EN ERTED OFT Tg SBT SALES: TOTAL TRUST LIAS! RECON BANK BALANCE [x O90 => stile DOVOIVG CLOSIVES +b, u na L { PVER) AMOUNT af l, ZR RS 97 MPOCOICILIAT! oa? AS ef ECUAITY DEPOSIT: TOTAL TRUST LIABILITY wo AT HAS GOVE | SECUAIT T: L q es CLOSIVGS, RECON BANK BALANCE {SHORT/OVER) AMOUNT RENTAL DISTRIBUTION: TOTAL TRUST LIABILITY RECON BANK BALANCE (SHOAT/OVER } AMCUNT [REMARKS TD ORI DIV G ASTLES -VA ‘ SOF CL OSTIIGS c y LALES, | HEREBY CERTIFY THAT TO THE BEST OF MY KNOWLEDGE ALL RECCROS PERTAINING TO MY ST A aLaT! ACCOUNT(S) AND MY RENTAL PROPERTY MANAGEMENT ACCOUNT(S) HAVE SEEN PROVIDED TO THEANVESTIGATCA ./ ABOVE VIOLATIONS WERE BROUGHT TO MY ATTENTION THIS OATE AND THROUGHLY EXPLAINED. | WILL TAKE CORRE ACTION WITH DAYS AND PROVIDE D3PA WITH PHOTOS. SKETCHES AND DOCUMENTATION OF THE CORRECTIVE A TIQN TAKEN. f Fo Lhe MMA OO VI-SD y OO ¥ IGMATURE CF eee 4 5 A. (CATES (7~ (GF INVESTIGATCAD CL 57. MG, COMPLAINT DOCKETED YES NO #: CITATION ISSUED YES NO #: NOTICE OF NON-COMPLIANCE YES NO. Pursuant to s. 455.225 (3), F.S., and 5. 120.695, F.S. the Commission sets forth rules which are considarad minor violations far which th DBP shalt provida a licensee with a notice af noncompliance. A violation of a rule is considered a minor violation if it does not result in economic or physicat harm to a person or adversely affect tha public health, safety, or welfare or craat? a significant threat of such harm. The notice of noncompliance shail b2 issued only for an initial offense of a minor violation. VIOLATION: CORRECTIVE ACTION: WHITE COPY - FLELD OFFICE YELLOW GOPY - LICENSEE Ese urtfy iT ab fl GO NS + Re ea + dential Gala snd Purchaas Contre y i pees Res ents ASSOCIATION CF REALTORS . boat be ores oe ~~ . + . _ 40 4 SALE AND PURCHASE Zacapelina A Sarda Ey wer io aa ard boy on the lacie and concbens epecitled Dow tha pr ooerty Sesciibed as ” Tax ONe: __ ——_- «+ 7 . —_— roa TT : 7 " min fur . : menig add wiached Aéme, inctuarg foxtur an, Suik niags. nel carpeting, feds, racesiss MS cthes OW SONG: axa Bz. -_———— 44° Le tne ave wlarrad to we he Progeny.” Paerscna sa perty WHlod t d personal ety doecAbed ado we incised nthe suTch awa Wr ° ex. Be ee meres ia Melted lA Ae puthage ice Maa no conributory aiuw and fs borg xt tor Seller's comarence ; PUCE AND FINANCING . ; Jor 2 PURCHASE PRICE: 3 2a tag og. pyrene oy Buyer in U.S. currency 33 [ewe oy +o fa) __-32.204.92 Copest receded (Cracks ore autres le clewr acc) Zoe Iw =) = sae a 20.992.09 Acdctiens catostto Se mace by 3D Lele stage tac_22 ine te data Sa — 3 OS ee Tota Financing (ese Farag apn 3 beiow) (exoress ma a Gonar arnourt OF paccartage) a ) 3 : : oo emi AL fone = Seance lo Sowa [nea heading Buyer's closing conta Draped ilee ord protations). All Ruccs ¥ fe) $4485 aioe closing must be pals Siseaty wen caters CaCk OF otheral bank check on war ad func 27. FINANCING: (Check 20 azpie¢adie) (7) (a) Buyer wall pay caan for the Preoaty wtih ne financing cartingency : 33 $¢ fe} This Cortract 18 contingent on Buyer quality ing ard ott aiting (1) and /o (2) below (the "Financng’} by —__aaantad..—— 3g° (it heft Dianx then Giosing Date o¢ within 30 cay [tom EMective Oata, whichever occur Real) (Firane:ng Patiedy Se RT) A cammamant for naw conventional) PAHATT VA financing for Sof TA. ofthe purchage price (pus 31 oany appkcabie Pull, MIP, VA funding fee} at the pr wailing Inte ett rate and foun costs (it FHA of VA, Sea attached asancum). 23> TR Aporevel for Salier Snancing of assumptucn ct mortoacs (see attached accendun} RP Buyervall appiy for Fingneng wihin ___ Gays from SMactive Ceta(S days f latt Shak) and will ime|ty ot oMice ary and a crac, Mo emctoyment, Nrancian and ceher information /equived by Talanger. Ether party may cance tha Comract if G) Guyer, afer using 36 diigence wid good faith, cannct ottain tha Financing, (nciuding meeting tne terms of the comminmer:), of Gi) Ihe Finaccing 28g Ceniad Cecacse the Pr ty aperaiget Seow the puched¢ orice and ether Buyar aiects nol lo proceed of She partes are 37 unable to renagctiate the pure price pon carcailailcn, Super will return ab Baliancrowced (ite ewicenca, Burveys and 3S wisoclwiien Socurarts ard Buyer's depcsitis) wil ba returned after Sscraw Agart recense proper auinorzanon Tot, ad. 30 interemed partes. a CLOSING 41° 4. CLOGING CATE: CCCUPANCY! This Contac! wil be Clowed 3d Ue eed and poes ession delwerid on _ 3igalaacter tara 42 ("Cloeing Cate"), uninss ext erdad by other arovisions of this Contract. Tha Property wid be wept cleen 2nd Satter s personal tems 43 tormowed on or betora Closing Cate. tf on Casing Oste in urancs undenwr Ring 5 3Us pended Buyer may Coa! fone closing uc to Says 4d 3. CLOSING PROCEDURE: COSTS: Cotta wit tane lacy in the coumy where the Property im located Y tue insurance + lowures Buyer for le Cadects arising berween the title brides aflectiveg date and recording of Buyers Cased, closing agent ‘Mil 45 asburse at Closing De net gee proceacs to Seiler and orckartoe fors {0 Broker aa per Pacagrape 19. ackifion to omer - 47 expenses proved In this Comract, Sele! ard Buyer wil pay the costs indicated helow, : 3 (a) Seatae Cosste: Sel ar will pay bax os snd 8Urtax 86 on the deed aed feccrding fees (or cocumoris newded lo Cute fille: catifiad, cork: med ard tattted speci aaa eesment ens and. fo on im i se A ead , Niet owarnernt io subslantiaty competed as of Shactive Cats an se amount eqial to the leg: egtiramts of fhe sesonsirert: Up ta $A (1.5% if fed Ghar) of Use murcnase mice for repairs to wartartadcems (Magali: Llowet"y and op lo 13. % IT SSH c c i = Hirao arg repars Clermite Rapait Grit; on Hf let Drank) of the Gurcha@sé price !o0 woodhos tf oy ing cf gans cm Buyer Coets: Buyer wil fey taxes and recording fee on Poles and mortgage. es: Sn ce ne Knancing sat emarcs: ‘ex perees: ‘ = ) f@rarcing feea of [he deed ard Insurance: Cxher me een ‘Pande special waxessmert tere: lenders tvs polley; iapwctions, vurey Tocd s prise Evidence and lnuurance: Chack (1) of rs ——- = 11} Satan wid pega a Par _ . sx Senect that ttle mah Biveier 10(aX1) aeers fie imiurance cammémer: ac ce mre Brie FAR Rew oe” Ta Sor a aera fe oe 2th Pope pranntenricen tie svdanca Sf Sualier (1) Barger wll Buyer uit Pay for ihe ommera We policy, search, sxaminaticn ard rwatad coepea. Saliar ABy acKnombecge recont of a copy of (ra Sage which @ Page t of 5 Pages. O1RO8 Metin Aaecoret ton of REALTOR Se Forme Deterae Sy NT LiaAdiake Poeumnng Ac BOOS ORT Ai Alege Rowe vet ee Senne —— ee : i \ : ‘ F Zach ua ¢ custing |. _ _ oe ‘ Z Ty gales toa oon ie lace sa pemcthed a Poracraca (C(a{2). Co Saher eer ‘at say ‘x the x cakcy ard telect the ttle agect Seiter wel cay [eee Me Ute searches oror to Tica, reacting wx ya = Reach aes, at Duyet wel cay fea toc peawcree 30x Siang Wi any) te examwaticn ‘oes arc S47 {5} Procatlons: The ‘otomng tees wl Da made cia7 at CY agacgone) wed or ted as > ee ay Sefors Cioail ss ERO KG, RAC HE, COPS, am sos erts, mr oci acd fre neurenca, Fert and ther Sui eek akeniiied arc Ss tho Property. ¥ tmtos 46d aasewemants lor uy gust ert yam Cant Da Sater mites (Ne or ica y Sark MoM M| sv adiuemant fer exemetices and morceeracts. Buyer fwesers be ior Bees = (a) Taz With, Ing: Bayar acd Seller will comey wth The Fortgn measimers - : s Bae 1” Pe SS cea Roo iC Balla ea “for ega pecson” 3 Safire Py foo 3 a, 1 Moma Warranty: C! Buyer Salar kd WA pay for aboma warranty ag aed cy : 7 Seal tts ax c@ed 5 A Sect marr arty sar provides for car ov Tone mat & many ofa sonc’s | : 72 SyALETS BOG ajo’ Sutin sccdorcag 1+ Lhe pert of Or eekccwe cua lo Aerial Mey atc taal Cary sr agro i TS PRSP ARTY COMCITION - : 7 3. E TE petnin 10 days Pom Sects Sate am ee ee en eee bore fo lek anki and Tus wemthrouca ms pection ca the cay Defora ¢ TT aay Cynar Cite ocr patie to tSe Sartios. . . t 73 7, REAL PROPERTY CISCL OSU: Sones - or ce acts that Zaller dome nc now af ary acts UN Te ay otect | Wha #iocery, inclucing woutions f Gower nir-eetal lates oles ag rrguistions, otter ran thaw thet Dapp san ex : of Lot ats known by of Meww Daen caclietad to Super. _ _ a . i (3) Grotgy Eeickency: Buyer ockrow/ ages sreagt of ide Foeda Building Dretcy-tc rey Aang Sustam f H (hb 3 a Mew Doms, tre Dudes "EP. carg i attacted aa an scdardum : (3) Raden Gas: Raden 3 grat cocurirg focicgette qua that, Aer iio Mas scour 3 ath as, Moy or mmary Reatt tug to marsers who Ya Kocead 4 t aM time. Leis oof raccn ihat axcaed ' atzte Qicalines have Seen found in cuidings On Florcia Adcitional ietermation ragarcirg acer orci ‘acon testi : oetaed rom your courty putts Meadn Unt. Bayar Tay, witha tha nenection Parad. Nee an aco Bay Rowe j tel the Orocerty fer radian. fhe recon lead ex canece acceptatie EP 4 tisrcods, Sattar Chay Shcoae to facus : \ewai (co an acoectatee ESA uameti, filieg when tcter erty may cancel tus Contract, . , {c) Flood Zone: Buyers ahead to warty by surety, aWih the lancer acdwith apcroorata qovernmert mgeréiva : zona tha Procerty ia st whether food ag urarca is recited Sad what fastrictions acciy inthe sect cf semisaity Hing Procarty ™ na Sostiai Fioed Hasar4 Area cr Coasts gh Haz tandems Deiowine Tinimum food slewwlon, Buyer may canea ints Contract by Cterering ae tion rotce to Sale ryeathin 20 Etacine One, failing wmich Super sccacts Ing easing yawation of the butcinga sd tore Sewigration of tha Pro {¢) Momecwners' Asecristion: Menta sng in 3 homecurers’ association 3 marcaory. an asaccistion SUM S MScred tnd incercersted Ito Ws Certroch BUYER SHOULD NOT BIGN THIS COW akcr UNT HAS RECBYED AND READ Tre TAICLCSLAS SUMMARY. a. WAI NTENANCE, INSPECTIONS AAG AEP ARE Salter wal kop the Procerty in the same conckicn Som 2 tectiw GACBIG, BCR FOF Sorrel Wear ged Leet re araree Fagud amend”) aed ropaits raQla ad oy tea Contract Saber 3CC ees ted Ul tone for Byers (racactions, Buyer wd sroai! ai! damages ta the Precerty rmuting from ing cece BYUBRP SAS BUSS BEE SASSY a a ie PMurn De Property te tk ooimcaction concten. ¢ Seiler is ‘atmcte ta compels + : Saoeing, Salter wid give Buyer a crack 7 craig for tha coat ole renars Qallsrers sti gstsd to maka Salar ‘aati CR ase gemcie topelt and cegirerct centryets to Buyer x stoping. tO5 (a) Warranty, Inseecthenrs and Pe cai: al () Warranty: Sailor warrsrta that coniesead mace aediancss and haging soot cae . TCR wes Waele od i sor rkie, Septic and Aumirg syatens. raawall, dco ard sec! scuinmat 7 wy, and dif de mortained 1) 1S coreion Utd Clasing, thet the structurat Cacsudies tects) ard sco, if any, ara utrsenae Y soured and water tea sabelhiied PIORATY Mee Sropar sac mita. Seer Come Act wertar and is not SGU ad 19 fagair coametc sandiioa Se. D9 Ceamatic coramon rasuted fram a cutee! [pn 9 warrartad tom. Seiler Ma Ak coucztad to Girg ary 1 comclance wath Toating Guteing coce raguétions coless Necadaary tc 2 wartattead an, otk: pa Funes onet eng 8 the manner in wich Toy stan net Ceaigred te cosrats wd “coRmetic soncuons” meas Ww is eepeters that GO mot atect the woe kegs cordkitn of tre tam, inciueng ottad marcte masing or torn MW aemehae Ma: Ora, wom torts ond osewcocmcn of Acce SOMES / wel oacars f window wears: ri m3 cracks, Carts, Cr 2pec, chaos asd Sauking sn cers com Sehr wailed Seon rg / the! Set es i mirrors: wed miner ia (Oat thet | trows | Ginmwmya / ai cewgiag ? Seed cxcke I grea ont me Ae eae 3 poinieblenartea insgoection: Buren May Pe war artad tems ira teclad Sy 2 berton es spacings nod oe te tene wegen (acad td] by “Sw} 19 coAdust horte inecactions of abe Molds a Florey arse tc rece ard 3 eta Petes of any ea aera na pact) Buyer mort, altri § days bam ‘ha ened ie Yepectes Pare raed Salt rf Bun wy Rade that wee Pa on the corctren werrarted 3rd acesy of the Oeste weten spot 120 3 nee yes fake So Saver Unaty aexten notice, Buyer earves Ballas aacrgety aed accacts ine Yes 4 0) Ree A) Ie Det “aa w coretcrs, exoact Nat Salle! moat mam the Mairtwance secuiement TE 13 pe Repair Dont AMAT OY Io Maire copeus sacamsary fo Bing Wert Xd toes Ces Ne ee ce warts 12 wert antad Sow 9 Hc ea AMIN S cays Som rece A Buyers setae of tome shen eee, the ¢ tha feet and pac end | yecord ARACUCN Macey a OC siemesord INE oRG It ond wil! (S07 rity asthma to Boy rps é wd aoecticn Mamorts tls and tne cartes Clnncl rms? ha tw sroea pwr arc Salter mgt ~ ommt. Wary 32% Ae cont of, pews RDC es 2 certian scot well Be rag is sxte FIN TS" Buyer’ ~ Se 5 ww LP . ay ee — FANS Ae = learns! weenie DSSS} 2007 Of hia pape wrict a Sage 2 ct! Te ra rE Pomona? Papa SS San ae A Me Mion SEALER aa Rages 2 Heino Dying oe WOO ancy *27 Tag “Lartarted ters sQURI HD lana Naa M4 Ssoar Le, Saalhec Mat Dare UNG Sooaett mada no worUTamixs Saar y ie z wart + si Ue Recar ums, woe pay may 12 By an apecooriatery isereed Catton, if ine coal ip scar warranted taxa “EXT INCH US . at ma 12 So ncel hos Corvract utes eaher cacy Saya te wiseus W Buyer cosignds ‘ich ed So maka Moa icGg costo 1 Beller Act axceeditg te Recalr Umit ard accacts ine Starce of tha Property (415 “as is” Concticn 154 % Destroying Organiamat "WN ocdadastr oy s Of5S02am" meses wthy ocod o clant ida, incluang tacts, paMoer cost ea Ot anowte corara and woodcacsy rg speed eat Sarrages o intents samcred ‘Od Aas. & es an ery Buyer may, 2 Suyer's axcensa and pr cr to ciag.rg, Tawa ire Pi coaty ine pact ad by a Flotkteticuneed peat cone atomsnts 134 determine the sxistsaca of past Of 7rement wocd Geetroying cf garni iffeetaion Wed damage Saused Dy babedl a 428 inspector finds evidence + infastalcn of cartage. Buyer i Seitrer a Soy of the ine pactox Ns Rae tase to see ( ms : Ws Guys Tram tne ae c/ the inspection. Sallme \4 net atiigatad to trewt ke Procorty foal of the loiowng acy ines 4 “2 k ‘V7 Vsitde Me Irdgstation, (i) the Procary Kaa preteusly coen trated and (Al) Sattar caralert a ort ect ful tregiment i 1m warrarty te Buyer x clean, Cararsesa, Salter ail news 5 days trom recomt of the fapectoes Neoot o Tonee Mensbion ate) Carrage riiumated by a “cenead muiing af gerary contacter and COPt ect e raster eatin stad by a Ncseaed peat 440 Cost” ainess, Salar wid hess estments uci tmas mace ty 1h wer cor wt ig acsed peracn x Salers pets us 144 tg the Yecttda Rugair Limit, 1 Use coat lo baat and sepals he Property xc pecs se Taqrae Fecay aiid aanar Sarty may fs Say Loe axcews, Sling woch alther party may conco this Contract, Y Guyer fous to timely deliver me iss ectors baslechal Tapes, Buye! accacta the Preparty “es a" eth fagerd to wcoddesiroying oc gans i fesration anc Camags, dutect 19 tho mairtenensce rsquiramert, . {e) Walktnrougn Inacaction: Buyer may walk wrougn iNa Procarty sclaly to very thet Sallar Pus mace recas hovahed by [ha Coctract and bag mat cectractual sciigatiota, Mo cihay aves May Oe (Hae aa 4 (8k Asse wines amt : inspoction. ¥ Buywr fase to conmuct ih ingpwctiat, Serlets facay acd maimenanca otigations watt oa coerat tUtabad . : ‘ 2 RUSK OF LOSS: M ary portion of the Property s damzgad Dy fica or cthar cosuaky Daicra slosing “anc can be fealod od 149 witin 45 days from the Cloaing Cote ts substarcdeay 1M ates condition ag ¢ was on Elective Cote, Ralier mi, ot testers 480 uipensa, rectoce the Progerty and tre Cissirg Ca wilt oe actendad accordingly. 7 the peateration cance oF Tomelsc wn 1S‘ ume, Buytrmoy secect ine Procerty “ae 7 with Selkal sess ting the meacraccs pruceecs tor the Proserty ic Bupper xt Coarg $22 failing which silver cawty imey cancel ths Coctroct. a 19 . 7 ta 10, TITLES Sather wil Comey mark atie LU|laine Progerry Dy Ratton, warranty ceed cf Irvsleat, oar sceat ace MENTS 1320 Quercish Sead we secrociste to Setter's rata. ; 138” (a) Tite Byidenog; Tite micence wit show. .ojat occ oe to iN Property and marterabic ite cf racord In Seder 9 acasedancs with ‘ i 450-0 currart title ctanctarcs adogtad ty lhe Florida Bar, aLdjact ony 19 tha [oliomang (19 wx semtions, nora Ol wed mre fag or3i : +2 uae of Ine Progatty: commas, tasamerss feattictons sf record: stats of plat, existing fang anc government 7 iss Tequigtlons: 5.1, Gee anc miner ai ons Cf record if tMer sis co ngrt of eetry) cures tars, Mortgages that Buyer wil sume and : vac ANU arc 86 Nat Seber wil ds chavoe st or haters closing Sader wel, rar to s. 79g, Celiver {9 Buyer Sebars sioce of one of i 8+ tha (pHoedng Ly pes Of Lig idence ARC mut! o8 Gane ay acdéected in the coumty whera lhe Prooarly is ccatad (soacdy ir : 1820 Paragtach Nc} the satected typel Sallar wet wee eptinn (ft) A Pan Beach County and cotion (2) in Cade County i 183 (A te ineurariom commiteee nt s4ued Sy 3 Fler caicercad Te (mauret m ipe Sout of the purctame pose and i $84 SUgzect Only to tla a certione ast forth in tha Cottract eS (2) An ex{sting abstract of tithe from a racuiatie and wating atetract Arm (if dem et axisdng ther abelract must Dt 588 cwtihed ae Conreet by mm axleting firm} Ming ic be an acca syncosis of ne Instruments atecting A+ loms ' 187 Prepeny focorced in the Suto fscercs of the courty where Une Hrooerty ie located atc certified to Etactve Cats. ato] ower, ¢ 3UCh an 20ST Sct A Net peniabte to Seles, tena prics curnar’s Ute polloy sccectstve [3 the mx soceed | 159 5 ae 3 bee foe essuarce cl Oversea Salter ai! say tor copes of ai! policy axcactions and an ssoste ins forme 479 accegtaba to Buyer's cxaing agent trom the policy rMactve date ard cecitted to Buyer & Buyers closing agent, Wt tagatner “with cocies cf all Cocumarts tectag in tne cic pcécy and in the updsta, fa Dict policy = not avacabe to arard Seller wen (1) above will be the tthe weerce T. wacancs ‘etl! ba Caitversd oo ister Than 10 cays orca Cicning Cts {2} THie Examination: Buyer well sa ane the lla witencs and datheer written notice !o Ballas wethin 5 disys from raceat of 17a tla wMemnce But fo later tren cicing, of any defects inst make Ihe Use onmarkelace Sailer wl Tavs 20 dayt ‘rom 7s racenet of Buyers sctica of defects ('Carstive © ated’) !o ours the defects wt Selliai's axpenee, Y Seber cust the Gafacts 178 ydtnin the Curative Pericd, Salley ‘atl deliver wetter nctice 19 Quyer ard (ho parties wil close tte tracgactin on Css “9 Cats oc adtinin 10 days Irom Buyer's receipe of Sailers cohce if Cresing Ome fee passed. ¥ S4)ler gs ata lo ire? 173 Gafects witun the Curative Parad, Sales wl Geavar uctien notice to Bure: 30d Buyas wel, within 10 cays fom recast of 173 Sailers nice, either carcal this Cert act or sccaet Ute wih cating detects ard close tna ttana action - T lc} Survey? Buyer may, pricy ta Clas: ‘ i P seats th ithe $ dove me pala pri heii a Buyers Ww Senge, havetne Procety surveyed and dae written actica ta i 100 Later than cioe.g, of any sncroachmans on Te Promerty, snc: brats by tal Property’ im prven anita on att of Lande or deed omtsction We i, y y soon wat see yaa inthe aame manne ag ative Cefact arct Buyer's and See] bar's Stiications will oa Geter mined in accor acca wet DBoerxG aon (>) , Of thee comet Some UCLIGR Cont oi He, Seibert rCmce Dupes wth a atta or ne hems lection on the OFOpaCTy, LUNs Buyer weaves (hos feu arrert LA werting, ; : SLLANEOUS iv 41. IFRECTIVE DATE: TIME The*€ ttactae Cate? af thre Corer act i ina dats on atch the ts Renee ae wy come aul prow sions of thes Coatract. Au Sine Berlods wil be compued in business Guy /3 t- 1 acon Hoary part of toe Pr ocaerty (ee tamara 4 suMety as eGLH ed by Lew dallnesting 1 Sting wolacons. Any aceon ancraachment! af vici ston will 32 rested Sk Dy nvall, carzcral GakNery or sectors maka Buyer's falar 133 \ , 7 Ts Dane BF Baye $60 Sulla. 34 } soxnomedga ‘acaict of a cony Mf tht cage, whens Pize 3 of 5 Paget rag Rev. tons DN TE Faria A sacra af REALTORS . Aa PT ewer sat eect Sor At et Betereadbertinae Rory fotrere Sy 90 Mehinw: Munsked weg, Re SSG Yee wins ZEQYIUEBRRS UBER ERR RNS 242 20 Oaend tamety writ net aoa [3 303et, wean 1LEh ace04 6 mec ted by thes Contract, Segardiag ary contingencma 1M Mader that cost Nancy Al and void aed the Contract will ia construed 44 If Lhe Contingency did not exist 12, COMPLETE AGREEMENT: Tha Conract la ine antr? agfeimart Dotan Buyer ard Seller. Excest for Srokerage og reamants, no prior Of pr Eta RT SOFeO MONS will Bind Boyer, Saiher or Sromer ulate incorscra tad Inte wis Comrect, MoctSeatiors of ths Contract wil act be binding wns In ertirg signed and daimered by te vary to be bourne. Sqratee wiials, documents | eter anced in Uw Contact, counter parts ard at iten mocdications communicated dectromcaly & on paper wil De accactscle for OU pufpeses, IncLding daiaery. anc will Se binding. Hancritan of lypaeriten torma scearted 2 or atlacted ta tha Contract oe oer preprinted terme. f any ofovsicn of the Corirect 13 ov Decomes lend cr rerforcaace, ail remaining grovenana will continus to be Aully effecting, That Contract wil not D8 recorded in any pute fracas. 14, ABSIGMABILTY; PERSON BOUND. Buyer May not apaigs this Cortract wthot Jailar'a weatlen consars. The tars Bayer,” “Salles,” and “Sroxer’ may be sivgeser of pura, Ths Cortract @ tincing on te bera, scminstsor, executor, Ser sonal facraseriattves ind secigns {1 patmatied) of duyet, Seller src Grote. CSFAULT AND CISPUTE RESOLUTION . 13, DEFALCT: ial SeHar Cafault: XSo¢ any ramen ane han taka of Sella (20 mana Saliar's tia marcatadla er cag at eer, Aailer fais, Cxf\vem OF neglects to perform tha Contract, duper may cAscea to recaie a fetuml Of Barpey’s Gactak mthot the Noh toseek Gorages ox Lo see Apeciic parformanea ae pec Paragrash 18 dete: wil 290 be labie ts Bromay for Usa hal grou of tha Dr ok ty age fee. (0) Buyer Cefaut ¥ Quyer fart to perform (Ms Cortract wiltin tha ima acecifad, incising timaty caymert of 3 decaets, Sater may choces '5 tat and cciect af daccets ped and agreed io Da paid 26 Squcstec comagen of [3 tak soectic catformarce 26 Der Parscrana 18 and Broker wil, Upc Camand. rece 5O%8 of all Cacosts ped and agraed to be ped (lo be spt aquandy amerg jose seg orckard) UA fo ih ful amount of the broxerace fee. $8. CASPUTZ RESOLUTION: Tres Ceetract wil be conatrued onda Fiorica law. All Controversies, clang and other matters iA camaDon acleing ait of of reveling 16 thm if armaction of this Cortract or ity Ormaich wil Oe sected at folowe! {a} De cutes conaerring entitieternt to defagits mode aad agrmed {0 54 made: Buyer and Leer will neve 30 Saye fom the date corficting Garcuarce aa srade (9 aftamet to reece tha disguta througn mediation. {Mat (ats, Sacrow Apert wit auoina th cis pale, f 96 fegueed Dy Fora ‘aw, to Escrow Agents cnace of animation, 3 Fiery court of the Siorida Read S rite Commeasion Buyer ond Boiler ll be Sound by ay fosultrg 3otlament of of dev, {>} All other dlaputas: Guyer ond Sasier wil Mana IO cays from tne cele a cients arises Satwoen inem to aftarmct [0 (agcive [be matter througn mediation, Sailing wien tbe cartiee ‘alll fascia the daipula byeugh naira bonding arbitaGen in the pcurty where the Property ie located. The abdrate may ret ates tha Cortract terms or award any ramecy mt pronded for in thie Cartract, The wwerd will ne cased on he graater wag Of Ihe Macaenne smc Wd) alata Secinga of Mic? and UNe Soceractum author ty on whic (je Dene YuMe partes ugrse 'o use cascovery, 2 wil De IN SCOorConcae with ihe Floris Rules of Cat Procedure and the ascrtrxtor wtl remota al stacovery reste Gates. Aoy Capita WHR $ Psai weluta oerson mamed in Parag ach 19 wil bo suit cad tS arttracon only if ine dcemsee broker consents cn wrting to becca 2 Barty lo The proceeaing. The clause a surrus coaing. bey Sbedla tion and Artetration; Ex pernee«: “Mocistont’ a 3 procabe in adach pecthes omettct to resowe 2 caguia by SUdrEting X TO an imperial Mediator who faciitztes Lhe rescinticn of the damas Dt who 4 net emocwered lo umocae 2 satiiornert on the cartes hMediston wil bein accordance with Ihe rules of [he American Wedisiicn Assaciztion o other Tec Kot agreed on by the parties. Tha partion wil equally dade the mectaiion fee, 4 ary. “ArMrabort a 2 process in When Ihe pales [agcoe a datite by a hearing beaters ¢ metrai Carton who Gecices Me Tatts) ancl wneoe decision 9 tirding on ite pecies. Arbaration wil ba ln accordance «ith the ries of ths American aratrution Azsocauan a other other agreed sm by tse partiag. Each oarty to any arbitration wi! py ite own fees, costs and ex pensce, Inducirg aRomeys' foes. and wil equady spilt tha arbarstcrd’ teem ard acrintetalive tees of artdrsticn BS CROW AGENT AND BROKER Ww, e3cacw ADENT: Buyer ard Delser athorzs Eacrow Agert torecens, gacamt wd nod furch and other Hamme nt oor tw and, subiect ta Ceaanca, Gre curye Iham upon proper sthcsZ aan and in ScoSCRNCE WRK the lerms of thls Conract, inckang abusing broka age fees. The parties any ue that Escrow Agart will nct De liacte toany person fer miedeivery of aac: owed tere 1S Buyer or Sela, Urtews the macainery %6 Ue to Bact ow Agents wit By aach of Inia Cortract or Kons Neplgancs. T Escrow Agect tar each the 3Dpet matlad of the emcraw, S3erow As fee! 3 ressonetle ierrena’faom and “e Agerd wt Gary the “ting feeg and costs from the coco? ard weil recouer be peid from the cect owed funds Of aq edant and charged ond wwardec! a court costs i taver of lbe prewaiing party. AW cia . i x <. it 3 ee a oae Sever Chairs eres Faeroe Agerk dba wttraed, to beng w Escrow Agent corgarts icant ade. werecthe venders, This patagrasn wil not radio Broker of stmusary oe ts Cortract TNe ba agrocn wid ated cearg. a =~ Miers Meee cf a copy of ine pape anche Pace 4 of 5 Pages on “ DT Fins et A eeczten af AZALTOR Se Aight a Ameer THs tere \earane 1% <0 crate Pena eneORY® Fenn Bete oy HK) Ma AMeCe! PCoten a, ms, Roe none “ . ™ ? . 2k frfo < | 4/ Oso sca eyuuy USias TAS “ f a, 5 St ZeEé (3); tece BROKERS: ic arma : ‘ t ” "Sete ued Sayer a . The 2) and wWwoxer 4) rasned Seow are cobectvely ralarred to a8 Gromer Serer PY . = Begs that the wen named ahehasons the pt oc Uring cause of ths Tr aeeCtion, Inetructton to Closing i apbeniae WEI and Bayes cach Gouin@ 2GET 10 GEDUue W CioRing ihe [Ul amount of the room age fv, Bt Soe tet noch faae rom tra eamerts With the perlies and cooper aihe agroemarts Datweeh 6, Utes ‘ I * r ; = crowed funda. ihe abeenea of such brokerage ay semerts, chasing agent wih Cuiburee ronatage eee ~“ Adewted bao, me a __ hooey Wst Revel Extets cov eee Rea Emate Licenaee ee ek Ba, TG 3 = Benue age Mirek erage Pow. 22 Brak age/ Di oketuze Mee 2 mm . ADCENCA AND ACCITIONAL TEMS ; . ADOEK' zeaoral terms are Included in addenda and incorporated Inta this Contract (check I apclicroie: Th De G. New Mort. Rates TM. Housing Oder Peraore. © S. Sale of Buyers Property S73 Li 8 Hormecwneta' Agen. Cl Aa ip weight to ine pect C) NL Unimproved Ag. Pro. 7 Regersng 274° Ci 6. Sates Firancing (2 t Seitnepedions ©, Inter ec? Bearing Account U. Assignmers sure Ze Cl 6. Mort. Awsumeuon «= J. insutation Owsioaiye MP BeckunContract. VU. Proo Cecio St Tre CG. FRA Financing K, Pra-1978 Moublog Samu. se} OQ. Brcker-Poca. #%. inProw Q Cther we CG F.VA Finances OL Fined ins water Regd. CR. Reentsis € carer 278 71, ACOITIONAL TERMS: mr - ~ zt . -_——- —_—— 2a" en __ a —— oo» _— eee __ as . —. oS —. —_ _—_—— — ys Ved 29 OPER AND ACCEPTANCE ZC? Check It apslicaple: C) Buyer received s writen real promemy daciosivs statement from Sailer before making Ue Cre.) 294 Shaper offers to purchane the Propeny on the ebove tartan and conditions. Uniess thas Contract ws signed by Salter anda copy BES deihered to Buyer no later tun ~ Cam Opman_- . Unie offer wid ba revaiad 23 ad Benpor’s deposit refundad sLdpect ts clearance of funds. 1 234° Owe oe Tex DISBN ee 293 Pim nema, aoe ne zor Print name: Lai: a i Zeer Prane 0 ren. ae Fx ———____~ 307 Dete eta ot CER Tax (BEAC wt Park name: Cz" Date: Seret: Tat CYSSN: d63° Print nave: 30 Phone Aaa eee BOs Frex: | 906° (Reber counters Suyers ear te we cegt the cauntes offer, Buyer must 207" of re.eccepance to Rother by 3:06 p.m. an : ac ad) the counter offered tanme and deer 3 scoy —. —) C Seder rejects tuyer's alter. 208° | EMeating Gate: ————-. [The date om entch the lan! pasty sigrend or wittaed soneptamce of es rat utfer) sor uve ES) seat Setter A.B acinoainage recaset of » comy of tt page, wich ia Page 5 of § Pages, The Flarlge Asacmtion at REALTOR ES and laced oardAseccietios tt REALTOR SS moce Wy pr ovigran of ths for AIA ery Woealtia trermection. Tris senda dited terre sreuid note vaed in 4 b ‘ ‘ COme ta LO eCRACE ONS Or with extensive riders or rages ed sotesine mare etp mete nee ee bed at ry ancl se net interwhed re Lhentity lne User nee REALTORS REALTORS ie @ aro ow. Taal eat of 6 | 1 ina Soe one ey . + Scarewet who are mambots of the heatiana Apecciqlse of REALTOR BM “THe cooyright laws af tre Unwed Slates (17 U3 Comat) foerteccd te 90 Fepreneetniion male we regal waialy OF adequecy of orep ut ry Zed beer ma. Ura N hor ted repr eas ri len of man tect Sy wry Meere inctuding fecumis a Fa ‘ a Prev. ore 0508 Fev ide Association sf RLALTORSO® AM Bigha Rewerved , Me carted boy na wan Beeereneteattane” Foxe Motnne 97 9G MALE ALnNNS inc BOOM CI? 3 ew ep mene TE MEM TT 44 . : : 3 : "WTanelacon Marval wd ancy ‘or Epereva WET . Gays 15 " mee peeing ecng personel xpnesraroes FQN. Boyet awd Br] a et the rancher 2 Buyer 4 not sor sved Tre 7 4 provicses WIS e. posperty fe Contract « contr gert of is Associaton ceeidng notin exercine aucndgrt. Sader, wichn 3 cays OT j 19 Apsociedont gecit on Bye Suyererttzan nates the decision.t he Asa ociaten axercis re ite chant of fret setue ai, ae Cee wl terminate, Suyer's Segoaitwillbarvtunded UN SSS os Cantract provides otherwise and Seder wid pay Brokers fll Geen rraesion wr claaing in recaqnifion rat Bear procured Tie sata, AsolicatienTransiay fees. Barret wil pay ary wecdcamen andor sracater teen charged by the Aascocon. ee ore . . Y Agresaraants and Recrogticeual Are Agent Sadat wll pay vi mmattenanc! gad simber periodic i248 3s se nyc as: acess currant a6 of Ciseling Oete. ¥ tthe Board of Adminiatredica tr poset aapecial eee rear Anl! SC F8 OCOVNT HTS Ok Laces that are substantially campieted as of Eitzotve ete, dalled wid pany the hil aeanas mat, Bayer eri say a) ener yesesem ants. Seder Veemerts (hat Roane «rol waere of sry pacing seeeeemerd excact wa clows: — ee - ere Sind Tagawa Sak RAN RA Bard ol PG OF aPC IGS ON TNE OH SHIPS, Bales remesercs hat the curert maantscance tet 5: 3 per to 3 pr i to re en tg - - Sim here CTW Ci ie nck 3 React eatin of Land Laeaz en a Proeary: YK inece ww diac sation & lard taee Te cut et pay mere ie 3 per mein. {7 Buyer Acmow Fment | Saliet Dlaciosune: (Check whichever soos) Oh THE SUYTER HERESY ACKNOWLECGES THAT BUYER, HAS BEEN PROVIDED A CURRENT COPY CE TE DECLARATION OF CONDOM oF NCORBORATION CF THE ASSOCIATION, BYLAWS, RAES CFT ASSCCATION, A COPY or TH YEARENG FNANC AL WFORMATEON AND THE QUESTION ANDO ANSWER SHEET MCRAE THAN FOAYS, EXCLUTAG SATURDAYS, BLACAYS AND LEGAL HOLCAYS, PRR TO EXECUTION OF Tris CONTRACT. Cj THs AGREEMENT S VOIOABLE BY SSLVERING WRITTEN NOTIC? Ct THE BUTERS NTENTON TO. CANCEL WITHIN 3 SAYS, EXCLUOING SATURTAYS. SUNDAYS ANG LEGAL MOLIOAYS, AFTER THE CATE CF DE CUTOH OF THS AGREEMENT SY Tre BUTER AND RECEPT BY GUYER CF A CURRENT COPY oF THE CECLARATICN OF CONDONINUM, ARTICAS CF INCORPORATION, BYLAWS AND RULES OF THE ASSCCIATCN A COPY OF THE MOST RECENT YEAR-END FNANCAL FORMATION ANO GLESTION ANO ANOWER SHEET F 30 REQUESTED IN WRITING. ANY PURBCRTED WAIVER OF THESE VCOABILITY RIGHTS WILL 3 CF NC EFFECT, SUYER MAY EXTEND THE THE MOM CLOS.NG FOR A PERICO OF NOT WORE THAN 3 DAYS, EXCLUCING SATURDAYS, SUNDAYS AND LEGAL HOLDAYS, AFTER THe BUYER RECENES THE DECLARATION, ARTRLES OF . RCOPPORATION, BYLAWS, RULES ANC CLESTION AND ANSWER SHEET F REQUESTED N'WATNG. BUYERS Mare TO VCO Ted AGREEMENT WILL TERMINATE AT CLOSING. bate BL Meondetbery Homocwners! Apaocation: Beaters wacrarty Under Puacraoh 2 of the . » 3 Progerty and Cows not exiord 9 commen att Of facives cameribed baiow, The talowing coed Bheseksy gan begag yy Gu sH AAI SEGN Hs ‘ _ Clacioanre Sun mary for treet of coerinutity ) 2 {4} B@ 2 purchaser of grooerty in a commtunty, Buyer wid De cObgated Stanetie Ce beeorrey macoiation fe . ace js ot tt The peace dation loqomes © trad we aubstertioty arpand oa Titethe Sate. acer Sn pay cxoek we felons: § meEED Ree eee failure to pay Cee ae enemarks could read 7 a San on Ulet PrSeueny : Pay here) sw Pek Bn OBERLIN to Bay (x Land owe fees for cecraatiotal o Aber Fommonh, SE fcitia ws an codon. ¥ thera a suchan otigaton, tha amo ot Irs qasrart to acer va of the agacciction martha shic 1} The etace: itu . natures, and as 3 prospecthe prchaacy, Dre Shoull rater To te covenants and id se sccution gore > . Oe cant w mailers Of puffic pecaord ard can bs obtaced from the record office in he sourty whery the Buyar scmomecges recat of asrqygqageanreggygarg 82 , 4 £ | g f & Z i va ws ths summary caters 2orieg Das Coctract. i —— an > ta KR 7 Beyer Derid Sine Cea Joyer Claze alizabec dine Cata Tr FARA-S Ray S63 0°90) Furi Amccaion of GAL TIA Aa Righas Rema rod Doge J of Acoercum So pa io Fe “The tar e Kgereed jor uae ern Poprermsteo scare tiger by 1X3 Me Acie Ps beara, He OO OT een st Rw wch wd CC wit rt weoeate Goo asaumm@an. ATY ailancs Ge necgage wil Da aciiated F pence sue xt Zoeiee" eo a 3 4 Spain g-vith 8o aaeaimiert é sureties § pac u, Buyer vl Day aus calor eranet ow fon 20d FTN 0 ether 3 555 sceaunt cole a sol Tena tend wr Se actrevee Buyer, Wha eters ct 8 LOSe Tare! of arceeca morn peau planta’ [Pe wat 3805 s ad AQSeOM Ot SAC tara et and Dae snecarts) wil De HLM e Gnlese wither sarty ects (9 yay tn? Go 63. : 4 cad] ek oa COL Gst ad to comoleta St «i peo agi ead Tat neo ASCrag ay ther worsers 2 cordract, tha cus om sal ta Me MY Fine ofegary smeared Naren of to ret SY perady py fortetrs of warren! Moray secosite SENNA ORS =m au 24 os" oo ze ot x }- M )= Pra Fiaadelad: csuye! ait ba Pofecrad fo 3 “ax chaser inthe tehowing RABAT TS 28 = - E 30 the pachacer Pas Seen paenia acca eshos seth SUCEPHA cr VA Pear aS 3 wrtien atarert by the Sacer) Hours 3 i Ercorvama aa “ secactable,” 1 Barer sects fo coeed wh whe Comtract without 2 to the arcs of femora vawe oxtatiished 2y = a a 4 a act Endorsenet verter, Uh Sacto Mas Da Se cain ) mays rom Buyers racaict of tha ances ai . . A) Sees, Preasynets: paler wl pay tx 2oca, rarer 210g and decuTent pret fees foqned Dy ine Saecar, Taos ang Teed Of pesigning Buyers TCOLAGs wee. up to a Mart ean Oce as _ . Boyan pay ak precey rerts acd qwecrows for “Kae, Tare rau ance, FMA ES YRKE f f a ¢ a net ate: t g A a 2 “h +. az Eurgnes, Wt food insurance, | mm wpocatiz. - 45 (i) Read ns: ‘athe mect 3 erste, te 2 eet yi the FeA aor aad. recut as fracas fo Reria rot cowerec by Sele 3 vas watrarry in Paragrach 3 of tre Cocisact, Gale wid OK ad rae ND tg go mxtmum tH tO Seite af as” oe Tee et erg te mar tarced deena 979 aLtack (0 a Racy OA ATS nthe Contest, fibe a SECA TaSaT To ear wd ot Greer arta Lars econ tae asec Bailar wi. whan 3 coys stow recsand 7 Se te Saeco Geir fo Suyet wean retoe of Ballers ea (0 Pay SST wi, of neces of TE exces UNO 1 Sather pays seas fran tne full wncurt of ihe wceas com, Buyer Tay pay oe Delance of canon [ne Cootract Beers Haction must be in witag and prodded to Bailar wane 3 SHS sitar Cecalcy Of Falter a rctice. (3) The bn portance a a Horas inspection: AUD Coss nat wert art she condition of a progatty. t be impostart for you [Bay ey ee Sicine Ineaection perocrad cf the sesety you wish to pachess # orcer to identity wy peesitna deducts. Lp 'a09 of the cost to oertorm [he incnéction may ve fir tte your morgags. Neenize of heme iapection compared Ce ee a chy at incctare Siacary Grae a hance Home Faseeen (4) FA Cartifian thon: Marya acct Bailar we ngiet rat 49 the Contract. The seteg reat WLM? agaré or ck icone in the trangsction stapes! { corsty that the tare of os Cortract tor Seoe ard Purchase 3 Tee ae correct to ihe bret ot my knowecge and bale 3nd that amy other wore etaru io by any of these parties ja commenuien owt Ihe traneaction ace part a, of sttyched bo, the Contact + ee OER” fing Asai Catais Agect o Cota Larg Reel Sstatw Aga & Sroxar cae 2H Be “Hay aneses? L4H tS F. YA Financing: “U3 cox meal wy rec Oo, motwithetendirg aty al OER of yw Cactre’, Ha Ginger OT nek cis BY Dersy by korteu of wart mony of airerees BS chigated to corpnets ths purcmana of ibe procarty Gescribad Dersn, # ihe Conyact purchase 4100 OF Gout EXC pace ThE ARTA VALS ct the occecty 29 setarianad by the U.S. Ceomrtnert of Vetere Attere, The Sayer wil Tower, have the prmiage ang coped of procoecing wih Tt {me re to the aout of reseonetis vou setetilehed ty the U.S. Decarrrort of Veterans Altars.” f Suyai eects to Ptasened wath ha Coc oct ‘without ragiand the trrourt of rematrtds VRS ealsteerac DY the U5. Oecactnent of Vaterars AMars. such section must se maxte wirin 3 days Tom Buye’s pocect of fhe acer una. ooumert panscaon fees & ongtan on ‘ woh ‘ = : . - at oe . * : oh a 180g. (2 eoeice ih Da wert a eter, a7 aire rworg can ocganey lower! on or gter Maron 1, 1908. Paagens recers SO war aches Laerts re terre ae cere tee RkeRCLYS 1 retcs 6 Seclers tart to pey the excuse coo OF Sp IVYLTHL SA i i é £ 3 ty ‘f x é “4 od ae Contrast. Tide cost of tapers io aarractad Be uwertarted deine to Bauyat WeaT 14 CA _ a. hear Rates: Buyer will rot Sa otligatac > nae - A to comciet a te pu ct re 3 $8 Gotem The Snancing % 2 Reed tate cowry i none ; é Trae: oe eer Sw or gration, With no ote Coen BAGOUS Saison = c. q “of 3 arate ports charged. Basper Ot) wit act acct a Daicon mortage. TY FARAS Xue. Vb Ot 2 E BE Fee na Lapeer af (LAL TOR SS Ad Ugts Temas a tt kocercum SG x Th me 4 komronl an rorsrumeattaer? Romans (OF eee wen para doteary wy IO MCAT ven Publaeg Ic 3CO ab tat’ i XO Stopad Catling Arad 3 Common Waits Between Haas & Car ces 3] Exterior Wale 3s Caner r?,) coal SOOM Mi bresicad memory, Loet poisoning algo poses a peticuar fk 10 pragrart women, "he seller cf xy a Creal Tn temicartial real property 18 Tequirad 19 Ome Na duper Ath ary icformation on esc cased oer aazasca from nak 2 sescesarts J inspections in the seller's pcasasaicr and notty the buyer of ony known ‘eedtoeed pict Det ace A Tic 3 sysagamer Y inecectin tor ig ieedtaasd fagarcs ia recommenced orion 10 culchaee Foc purposes of ins as eters GN ce retarres 29 as "LAP ard wecimeed part bazaar wel be retetad fo oe “L3PH 43 (1) LSerLSarH in Howeing: Seiler haa no icosderiga ot LBP/LAPH in the housieg ad no walabia LAPYLOPH recorce or @ fT cat ae rdicatat: (describe a mown LOPYUBPN intorm: fat prailstie dacumera Setating to Cad UBP:LSPH ard fronde Gocurments to Buyer cefore gocarting Buyers oer) a ~ a —s wm 54 G2) Lned-aeaad Paint Hazards nepecticn: duper waived the Seoerbinity 9 Corouc 4 oak maaenernont- ar recestion ix Sr othe presence of LAP/LSPH undeee tus Sox 9 checked (UO: Buye may. the Tragaction. 7 scod.. congvt7 ak 3 menaeamert of itsoechon for the presence of LOPSPH in ascocdance With the proveioas of pacagiaee aalor H $4. LBPABPH ocorctions thet we oraststactscry to Suyer ‘ail De treated ws “ewrrerted terme” for aa ccess of peragee 36 a2) anct (3) Orey) sO Ceart¥iaation of dacuracy: Buyer hws recewed the pampriet enttiad “Protect You Family From Weed in Your Rome’ sv ord at of thé information spectied in peragsact (1! wbowe Ucerees nes notinad Seiler of Sellers sodcaticrs to prodce 3 aed Geotcse Informetion regarding Wwed-Sesed cut lead-based peict hacards in the crocecty me fequirad Dy tacaral Ss new (42.8.0. 48620) and ie aware of Me or her sbicetion to ensure commiance with faders) weedtased swt lew Bo Buyer, Palle ard each keereen hee reviewed the intorrrusion above wid cactites, to the dest of Me or her krenetece, 61 that the information se cr ete hes crovided is Loe and amourate. 8 Buyer : Catia Cate st ¢ oS x we. —— os “ Cate Saar Cats a - : ar Satirg Lcerees . Sate Usting Uconuce Cala = ~ L Plead [reurence red: Buryer @ notifted that he Prooerty @ locetag san arse that Clos sow ; wen and F uuranee a toured lve dablared § Acad Caste area ater Secterber 2, Fat we receted fader si Se seter retier 254 .atance on tn4 Concimon Net Hood insurance be cttsined in scoordercs win acricatic al federal tow. Buyw 's “squired 10 obtain such Nacd iar ance I the Procerty 3 not 90 insured as cf the cata of are ard wit 72 Da raqlirad to Maintain Sood neurerce in sccordence wit apnicstie federal law with respect ta the Property. Tr ¢ +e }- M. Houslng ter Cices Psranes: Boyar sckrowiertces that the Onners! secocaibllon, Ceveicner 74 of other Deusing provider ‘rtange the Property: provide housing for cider portons as defined by ‘ecers law Whie Seiker 7S acd Srexer make 0 Fegrabertation vhad the Pr wally quetias we ing tor cider parsers, the hoummng oovider hes to stated tha 2 provicay housing for persons woo a2 C22 years of acu and citer. () 55 yours of age wed ocer. TT IARA-S Mov SG 1 CRS Pleride Aweocintion of REAL TCA SD AA its Ayeer ted Pepe owt Acthemeares “ip, x The Porn Le cereeet Sor wae tn Praryypertindbe” Fore totes zy AKG WC Aden PU gari Ag lat. $CO me) So7 ) na “ Homaes ‘ une 8 BY WRRRR & wy gaargy 2 * 2 + BEAK y tghe SS B Bgy BRyHE bed x me D ee a oS Ng ti aUaes Deow wil De LNcot : ferimct Sawer pace eS Sever ™ BE <= oo aed ria se na 2 - areas) sores eG whe Oroosty cescriac on — Mal fk ee ee paeaa tate Tanta 14S omy 1 cK.ncd by utara WISTULUNECLS CALS SS oft that te Property wii be meproved for tre inetaitation of 2 wad anion SONste sper wa zoning and cer pectinact feguiationa, incuceyy CONCLIT SOCy, aiow Buy ars ictarcad Waa of the Procarty : O. intarect tearing Escrow Account: All dapat will De heed in wo ‘recast caer moe OGRE AR WCorUad eer em 12 On Bm [D = x claairg. Dance ts WH acerus intersal ony Troms tha cats ihe Dark Pec aves ard creckts ther) Ty ough ne cats Sasrow Agart % noufied inat the tramsaction 3 semecuad for ocalng and tes funca we srarpterrad, Escrow Agat @ aime Sad to cacuct 2 43 " gendes charge ffom tha aammed interest Stora Genurerg Te force. - . Backup Contreet: (Caeck whecheser aerii oe} 7 aye Ceckajs CoMmract 6 sutject to tit taqtunanen of 2 pcr executed Cortract Datwaet Selle ard a third avy ter Use sale of he Sroperty. 1 the orlor exactas rontragt 6 terinetad ard Jolher Geiners wertten nctice of She lecminaticn to Bunper before 5:00 om. on 719 __, tha Contingency all Se ramovad and ha Sexe Cortract wit move inte frst poadicn 4 auysr Goes ctr wanes of ire ree cortrgens termination ty Sat sod Caactire, Bunpor may cancel thas Sack-up Coer sct at any Sms and Buyers deccat we mt returced. CO (mt Sale: wl Mee Ue Fght to Continua to thew tre Progerty and aaick ind ote reo bore fide beckuc purchase Contracts wth third cordes inet ars xthect to the tecmumacicn cf Tus orlmary Certract, Uoen arising ria 2 Sectuo cortract, Soler wil ghe Buyers ccoy of he Dedkus cortract sata ce third pastiow’ ‘Ganaiastion Inc wes wits Tha poctional Gepost wid Gy orate to daar % CRUG 1 Suryer aus to Ustatty make the addition depart, (oe parary Cortract wil Larmirate and Burye’a dapat wt be fauncard. Co omer . Parsonai inte meat in Procarty: Pee an scuve x - eT (Reciive ea wEi@L) Kearse and hes 2 carmors ntarest in the pecperty lagecity 7 icoraea Ss roatad [2 Fat. acting wa Buyer or Selier, atc.) . = apokes) "win Ty KGfaemann F Baye! coniier Ine Mlopmry nacre cicalng Buyer wilsooect Sa Pisces) im i existing conction on we date of ocouoarcy. reaming Beller f wy addticnm feces of Lasmect opapatioes, and wil ceclan che Progedty and ware all ek & ‘cee tot Trom the date of sccuparcy. Bfiectna en the cata of Seoupancy, Tas sigusa requaces Paracrach 9 of Ie Cortract, Buyes and Seller wil egy ard deiner 2 writen [same Soctaining utuaty D (2) Poet-Comepancy Agron moet. Burper sew Seiler wil align and delwer a mnttien \qeme, containing MULEty age poetic tomma concerning Sellers occuncncy of he Property ates Coosing Date ond pracared a Ballers axpersa. G & Existing Tsnant. The Procerty 's cuTerty aed as 2 fect property and Buyer's rots wil be sutject to Crose of oe Osis and & Sellars acperse, cellar 6 Buyer culert COOes ot thw rert roc seneas: Income encf excscae ataternenta for the peat January 4, 19 Sycugh Cacember it, 1#__. qenersted | : Ca > A S. Sle ot Bers Proserty: Tne Contract 8 cortiogart oo Ihe closing of Buyers property Soon no casa by - - - . t Buyers roparty ns & TT) Bayel may. win 3 Gays, Gred Su Cotad xe recone tytn cages of remewe Tig contiegancy and wl Arencnyg conirgenaias soc sortinve wth the Contract 7. Rezoning: Serer will have Let: _18__ te obtain he Adlosing sonrorrians gowerrrnert agency: Zaring for wee of tre Property a8 : . Sattar vd] sign of Sots required by the govainmert agency. Buyer will sey wl ccats meeccigad wth the rersig BoEcruon acd proceacings Tf TAZGNInG 8 not sobsined, tha Contract will terminate ard Buyer's cecoek wil Sa rofunced Lite tt _t__} Zonirg for [he Property from the EBT AE ou Aatbgrvmert: Sedles acl nes that Diner mary nesign jhe Contract lo Carma anata _balice —- Buyer na akon a CCpy Of te aeeurnars to Salter ad wid Sf als ak Se rolepend Tem Tha duly 10 partorm Fie Contract, BF Sv. Prooory Digctoqury Jiskeasant: Tha oe 3 cortingess on Baller comeni.og, Honing sod 2 hon feel weperty Geclesure Rk armert atihin ) cays Tom Eteetve Oats, 7 the atatemort Gaccaaa 3 prareciel Inocmution acct the Procerty thet = Unotcecththe [3 : > - Centr wee etc t Sather atten Jonyy Yom recairt of taller 3 we iten sotamert Beree, Buyer may saree Te tty wemian sexice [9 | | Dec OS CO 12:44p Sygar McCauley $61 265 0779 May 2,2000 Sims/Bardach contract Dear Craig and Mr and Ms Bardach, Regarding the contract for sale and purchase of 6017 Old Ocean Blvd; Buyers (Sims) were unable to obtain financing of 75% of purchase price as stipulated in paragraph #3 of contract. The buyers hereby respectfully withdraw from said contract (see Statement of Credit Denial) and request release of escrow money from Castles by the Sea escrow account. Mr and Ms Sims are extremely disappointed, but hope that financing” will become available within the next several months when they are better established in the United States and thank you for your patiegss in this matter. t Kindest regard ; Sugar Savin ioant Signatures: M/M Sims SSS SSS M/M Bardach [ee aT HS) “9: Wrrtram MLANrKAS ATTORNEY AT LAW 639 East OCEAN AVENUE Sutre 307 (660 T37-TLLL Bovyton BEACH, FLoama 33435 "May 8, 2000 Fax ($61) 737-3531 Stephanie McCauley and Craig Baskin Castles by the Sea Real Estate, Inc. 612 East Atlantic Avenue Delray Beach, Florida 33483 Re: Bardach sale to Sims 6017 Old Ocean Boulevard Dear Ms. McCauley and Mr. Baskin: [represent Jacqueline Bardach, and she has consulted me regarding the pending contract for the sale of her Ocean Ridge property to Mr. and Mrs. Stephen Sims. [have a copy of Ms. McCauley’s May 2, 2000, note to my client, requesting her release of the contract deposit. [believe cancellation of the contract and any request for release of the escrow deposit may be premature. My clients tell me they are working with a mortgage broker in Boca Raton who reports that he has a leader prepared to fund a mortgage for the Sims’ purchase of the Bardach property. The mortgage broker is Webb Mortgage Corp., and the contact person is Byron J. Webb, the president. The address is 155 North East Spanish River Boulevard, Boca Raton, Florida 33431. Telephone number is (561) 392-9696. According to my client, the lender that Webb bas identified will lend 60% of the purchase price, and Mrs. Bardach is in the position to take back a second mortgage for the remaining 15%. I understand from my clients that Mr. Webb is in possession of all of the information which Mr. and Mrs. Bardach bave regarding Sims’ personal and financial situation. It appears that the next step for Mr. and Mrs. Sims will be to contact Mr. Webb regarding a prospective mortgage. Please contact me if you have any questions. Because it does not appear to me that Mr. Sims is represented by counsel, I am also forwarding bim this information by providing him with a copy of this letter. However, because of your positions in this transaction f the brokerage firm, my client expects you to make every effort to provide Mr. and Mrs. Sims with information regarding the prospective mortgage opportunity. MYRON S. DUNAY, P.A. ATTORNEY AMO COUNSELOR AT LAW MYRON S. DUNAY 616 €. ATLANTIC AVENUE CELRAY BEACH, FLORIDA 33483 (S61) 276-7424 TELEFAX: (S61) 278-6909 EMAIL: delraytaw@|juno.cam May 18, 2000 BY HAND DELIVERY Stephanie McCauley and Craig Baskin Castles By The Sea Real Estate, Inc. RE: BARDACH SALE TO SIMS 6017 OLD OCEAN BOULEVARD OCEAN RIDGE, FLORIDA 33435 - Dear Ms. McCauley and Mr. Baskin: -» On or about May 8th, 2000 you received a letter from Attorney William Manikas who was then representing Jacqueline Bardach. This is to advise that I have been retained to represent Mrs. Bardach with regard to the referenced matter. . The letter sent by Mr. Manikas was apparently ignored. Therefore, this is to advise my client is exercising her right under the Purchase And Sale Agreement between her and the Sims dated March 26, 2000 to declare a default on their part for failure to exercise diligence in obtaining the financing called for under the contract. Pursuant to paragraph 15 of the contract demand is made for all deposits paid as liquidated damages totalling: $30,000. oo. Please advise Mr. and Mrs. Sims of this demand. On behalf of Mrs. Bardach I am offering to resolve any dispute ; concerning the deposit through mediation. Should this attempt fail we would ask you to submit the dispute either to mediation, or to interplead the funds with the local circuit court. Cordially, MSD/ay : cc: Mrs. Jacqueline Bardach MYRON S. DUNAY, PA. ATTORNEY ANO COUNSELOR AT LAW MYRON S. OUNAY 616 &, ATLANTIC AVENUE DELRAY BEACH. FLORIDA 33483 — CERTIFIED ($61) 276-7424 ‘The Florida Bar TELEFAX: (S61) 278-6909 “TS UNAM “ : : EMAIL: delrayadvocatedjuno.com July 20, 2000 David Rhoden, Broker of Record, CASTLES BY THE SEA REAL ESTATE, INC. 612 E. Atlantic Avenue Delray Beach, FL 33483 RE: BARDACH SALE TO SIMS 6017 OLD OCEAN BOULEVARD OCEAN RIDGE, FLORIDA 33435 4 Dear Mr. Rhoden: On May 18, 2000 I wrote and hand delivered to your office a letter regarding the above-referenced residential sale and purchase contract. To date I have heard nothing from your office except for a telephone call from someone in your administrative office late in May. Since your office served as escrow agent as well as broker you are authorized and required to submit this dispute between the buyer and seller to your choice of arbitration, a Florida Court, or the Florida Real Estate Commission to resolve the dispute. Thus far you have not done so, although several months have elapsed. Your failure to act at this stage without any explanation appears to be a willful breach of the contract if not gross negligence. Should you not proceed according to your . responsibilities as escrow agent within the next fifteen (15) woos ss Gays T have been directed proceed with an action for damages because of the default of the buyer and the escrow agent's actions or inactions as described above. Very truly, MYRON_S.,pU PVA. WZ & Ts MSD/ay . Enc: Letter of May 18, 2000 ec: Jacqueline Bardach -

Docket for Case No: 01-003849PL

Orders for Case No: 01-003849PL