01% {75 y a Ree STATE OF FLORIDA rime) DEPARTMENT OF BUSINESS & PROFESSIONAL REGULATION - ao FLORIDA REAL ESTATE APPRAISAL BOARD : FLORIDA DEPARTMENT OF BUSINESS & PROFESSIONAL REGULATION, we DIVISION OF REAL ESTATE, Petitioner, Vv. CASE NO. 2002002913 2002002911 CLIVE R. WELLMAN AND MANUEL A. RODRIGUEZ, Respondents. / ADMINISTRATIVE COMPLAINT The Florida Department of Business & Professional Regulation, Division of Real Estate ("Petitioner") files this Administrative Complaint against Manuel A. Rodriguez and Clive R. Wellman (“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, including Section 20.165 and Chapters 120, 455 and 475 of the Florida Statutes, and the rules promulgated thereunder. 2. Respondent Manual A. Rodriguez is currently a Florida registered trainee appraiser having been issued license 4461 in accordance with Chapter 475 Part II of the Florida Statutes. The last license the State issued to Respondent was as an involuntary inactive registered trainee appraiser at 15841 SW 137" Place, Miami, Florida 33177. FDBPR v. Manual Rodriguez Case No. 2002002911 Administrative Complaint 3. Respondent Clive R. Wellman is currently a Florida state certified general real estate appraiser having been issued license 1660 in accordance with Chapter 475 Part II of the Florida Statutes. The last license the State issued to Respondent was as a state certified general real estate appraiser at 13500 SW 88" Street #291, Miami, Florida 33186-1528. 4. On or about January 24, 2001, Respondents developed and communicated an appraisal report to client Centrex Mortgage regarding real property commonly know as 1894 NW 81" Terrace Miami, Florida. The report is attached and incorporated as Administrative Complaint Exhibit 1. 5. The report communicated an opinion of value, as of January 24, 2001, of $90,000. 6. The report noted the cursent owner as Fairbanks Capitol Group (‘Fairbanks’) and that the sale was between Fairbanks and J.B Parks. 7. In the report, Respondents failed to disclose that the property was sold “as-is” and that code violations may exist. A copy ofa portion of the MLS printout is attached and incorporated as Administrative Complaint Exhibit 2. 8. In the report, Respondents failed to disclose that the property was currently listed on the MLS for $49,900. Property archive report is attached and incorporated as Administrative Complaint Exhibit 3. 9. In the report, Responders failed to disclose or analyze there was a current agreement for sale of the property between REO Inc. and J.B. Parks. A copy of the purchase and sale contract is attached and incorporated as Administrative Complaint Exhibit 4. 10. In the report, Respondents failed to disclose or analyze that there was a current agreement for sale of the property between Fairbanks and Rite Move, Inc. A copy of the contract FDBPR v. Manual Rodriguez Case No. 2002002911 Administrative Complaint is attached and incorporated as Administrative Complaint Exhibit 5. 11. In the report, Respondents failed to disclose that the property had been identified by Miami-Dade County authorities as being an unsafe structure. A copy of Miami-Dade County case information printout is attached and incorporated as Administrative Complaint Exhibit 6. 12. In the report, Respondents represent that the property’s interior was currently being renovated. 13, On or about January 24, 2001, or at any times material, no renovations of the interior of the property were planned nor being executed. COUNT I Based upon the foregoing, Respondent Clive R. Wellman is guilty of fraud, misrepresentation, concealment, false promises, false pretenses, dishonest conduct, culpable negligence, or breach of trust in ar.y business transaction in violation of Section 475.624(2), Florida Statutes. COUNT II Based upon the foregoing, Respondent Clive R. Wellman is guilty of having failed to exercise reasonable diligence in developing an appraisal report in violation of Section 475.624(15), Florida Statutes. COUNT II Based upon the foregoing, Respondent Clive R. Wellman has violated a standard for the . development or communication of a real estate appraisal or other provision of the Uniform Standards of Professional Appraisal Practice, specifically 1-1, in violation of Section 475.624(14), Florida FDBPR v. Manual Rodriguez Case No. 2002002911 Administrative Complaint Statutes. COUNT IV Based upon the foregoing, Respondent Clive R. Wellman has violated a standard for the development or communication of a real estate appraisal or other provision of the Uniform Standards of Professional Appraisal Practice, specifically 1-2(e), in violation of Section 475.624(14), Florida Statutes. COUNT V Based upon the foregoing, Respondent Clive R. Wellman has violated a standard for the development or communication ofa real estate appraisal or other provision of the Uniform Standards of Professional Appraisal Practice, specifically 1-5, in violation of Section 475.624(14), Florida Statutes. COUNT VI Based upon the foregoing, Respondent Clive R. Wellman has violated a standard for the development or communication of'a real estate appraisal or other provision of the Uniform Standards of Professional Appraisal Practice, specifically the Ethics Rule, in violation of Section 475.624(14), Florida Statutes. COUNT VIL Based upon the foregoing, Respondent Manual Rodriguez is guilty of fraud, misrepresentation, concealment, false promises, false pretenses, dishonest conduct, culpable negligence, or breach of trust in ariy business transaction in violation of Section 475.624(2), Florida Statutes. FDBPR v. Manual Rodriguez Case No, 2002002911 Administrative Complaint COUNT VIII Based upon the foregoing, Respondent Manual Rodriguez is guilty of having failed to exercise reasonable diligence in developing an appraisal report in violation of Section 475.624(15), Florida Statutes. COUNT Ix Based upon the foregoing, Respondent Manual Rodriguez has violated a standard for the development or communication of a real estate appraisal or other provision of the Uniform Standards of Professional Appraisal Practice, specifically 1-1, in violation of Section 475.624(14), Florida Statutes. COUNT X Based upon the foregoing, Respondent Manual Rodriguez has violated a standard for the development or communication of a real estate appraisal or other provision of the Uniform Standards of Professional Appraisal Practice, specifically 1-2(e), in violation of Section 475.624(14), Florida Statutes. COUNT XI Based upon the foregoing, Respondent Manual Rodriguez has violated a standard for the development or communication of a real estate appraisal or other provision of the Uniform Standards of Professional Appraisal Practice, specifically 1-5, in violation of Section 475.624(14), Florida Statutes. COUNT XII Based upon the foregoing, Respondent Manual Rodriguez has violated a standard for the FDBPR v. Manual Rodriguez Case No. 2002002911 Administrative Complaint development or communication of a real estate appraisal or other provision of the Uniform Standards of Professional Appraisal Practice, specifically the Ethics Rule, in violation of Section 475.624(14), Florida Statutes. WHEREFORE, Petitioner sespectfully requests the Florida Real Estate Appraisal Board, or the Department of Business and Professional Regulation, as may be appropriate, to issue a Final 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, registration, or certificate; suspension of the license, registration or certificate 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 subject to terms including, but not limited to, requiring the licensee, registrant, or certificate holder to complete and pass additional appraisal education courses; publication, or any combination of the foregoing which may apply. See Section 475.624, Florida Statutes and Rule 61J1-8.002, Florida Administrative Code. 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 certificate; suspension of the license, registration, or certificate 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 subject to terms including, but not limited to, requiring the licensee, registrant, or certificate holder to complete and pass additional appraisal FDBPR v. Manual Rodriguez Administrative Complaint Case No. 2002002911 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 Section 455.227, Fla. Statutes and Florida Administrative Code Rule 6131-8.002. SIGNED this 25 dayor MagcQ. , 2004. nt of Profess! Division of Re entra eRe A ERTS 3 las Joy REE les, Tete Nam mE SENN BS a PCP: MC/DougB 3/22/04 Guuownan Department of Blsiness and Professional Regulation By: Director, Division of Real Estate ATTORNEY FOR PETITIONER Christopher J. DeCosta, Senior Attorney Fla. Bar No. 271410 Division of Real Estate Legal Section 400 W. Robinson Street, N801 Orlando, Florida 32801-1757 (407) 481-5632 (407) 317-7260 - FAX NOTICE TO RESPONDENTS -— “0 PLEASE BE ADVISED that mediation under Section 120.573 of the Florida Statutes, is not available for administrative disputes involving this type of agency action. FDBPR v. Manual Rodriguez Case No. 2002002911 Administrative Complaint PLEASE BE FURTHER ADVISED that pursuant to this Administrative Complaint you may request, within the time proscribed, a hearing to be conducted in this matter in accordance with Sections 120.569 and 120.57 of the Florida Statutes; 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 Appraisal Board 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. Protessional Properly Appraisals, Inc. File No.MO1-1573._ Page #1 Property Address: 1894 NW 81 TERRACE, MIAMI, FL 33147 Appraisal Prepared For: CENTREX MORTGAGE MIAMI, FL Prepared As Of: 01/24/01 Prepared By: PROFESSIONAL PROPERTY APPRAISALS, INC, 13500 SW 88 STREET STE.295-A MIAMI, FL. 33186 (305)386-7353 ADMINIST EXMIBIT 2 tATIVE COMPLAINT This foom was rerodaced by Used Glens Sotware Company (800) 969-8727 exHisit__ (0 mage 43 RCT. Foun Coverpy Vet. 1.1 in EXHIBIT # wpe dade PAGE ___-=<_ OF ————— Pisses Professional Propeily Appraisals, inc. oo. . _ . . File No MC1-1573 Page 4? UNIFORM RESIDENTIAL APPRAISAL REPORT FileNo, MQ1-1573 Bay Property Addess 1894 NW 8} TERRACE, _ = GY MIAME State FL Zip Code 33147 m Legal Description LENGTHY LEGAL; SEE ADDENDUM County MIAMI-DADE Assessor's Parcel No. 0:1-3110-057-071 4 Tax Yer 2000 RE. Taxes $ 1471.43 Specitl Assessmncnis $ A Canent Owner FAIRBANKS CAPITAL GROUP Occupant {| Owner yf Tenant D0 Vacant Hq Borrower },B. PARKS . . x2 Fee Simple |” [enschokd l Project Type =| |puD | | Condominium (I1UO/VA only} HOA $ NA 5 Properly nights appraised & Neighborhoud of Project Name WEST LITTLE RIVER Map Reivrence 93-41-10 Census Tract 10.930 int ol [oan charges/concessions to be paid by seller 3 Mo. Bey Seles Price $ 90,000 Gale of Sale CONTRACT —_Resciiption and $ amou Yo-CLSNG gq Lenider/Cleut CENTREX MORTGAGE Addiess MIAMI, FL tel Appraise: PROFESSIONAL PROPERTY APPRAISALS. Aikkess_13500 SW 88 STREET #2950 MIAML FL 33186 (305) 386-7353 tesaon LS Urban x! Suburban [| Rural . eeegaminant Singte farity housing Present land use % band use change ill up DX) Over 25% 125-76% | | Under 25% 4000) (yts} | One family 65] [>GNot likely} Likely Bia Growth (ate iE Rapid Disable || Slow DK] Owner 42 Low 27) | 2-4 tamity 15}i ci provess BAR Properly values = | inseasiny >< |Stable || Dectining || | Tenant 115 High 63. | Mutti-tamily 10] To: B Demand/supply ' # Shortage Dx<| Io balance |} Over supply 1<] Vacant (0-5%) Predomninaal Cornmercial 5 Marketing time = * Under 3 mos, GB mos, | |OverGmos. {| j Vacant (Overse)} 70 50 VACANT } 5 Note: Race and the racial composition of the ueighborhood are not appraisal factors, FJ Neighborhood boundaries and characteristics: THE SUBJECT PROPERTY IS. LOCATED NORTH OF 62 STREET, SOUTH OF NW 103 STREET, EY EAST OF NW 27 AVENUE, WEST OF NW 7 AVENUE,. . 2 Factors that affect the mar - City MIAMI -= .. Counly MIAMI-DADE Slate FL ZipCode 33147 Lender/Client CENTREX MORTGAGE 42.2' i Silting & : Bathroom Bedroom Area = : : Bedroom i i ! ¥ Dining = § i 5 : Bathroom od a ' | at | i] 1 Bedroom Living Room i : t ; Silting Area i 31.9' , | ! i : i | 1 | ane va Comments: ' ve t 1 ‘ ! 1 | t : ! ! AREA CALCULATIONS SUMMARY LIVING AREA BREAKDOWN | Code Description Size Totals Breakdown Subtotats | 1| GLAL First Floor 1871.78 1872.78 First Floor t 31.9 x 50.6 1614.34 | , : 2.4 x 44.2 92.82 1 . . 2.2 e 44.2 97.02 ra 6.0 x 41.3 67.60 1872 j {4 Areas Total (rounded) by EXHIBIT Decsigonal by United Systers Saliveme Company (800) 64-4227 Bb Hupenly Appratalls, be. file No, MU ABTS, Page #9 COMPARABLE PHOTOGRAPH ADDENDUM 1 onowerCtent LB.PARKS ___ Addiess: 1894 NW 81 TERRACE. seen City: MEAMI_ _— County: MIAMJ-DADE_ {_bender/chent: CENTREX MORTGAGE State: FL. COMPARABLE SALE NO. 1 FRONT VIEW Address: 2400 NW 95 STREET Prox. lo Subject: APPROX. 17 BLOCKS Sales Price: $ 87000 Gtoss Living Area: 1360.00 Total Rooms: 5 Tolal Beurooms: = 3 Tolal Balhtooms: 2.00 e Location: AVERAGE . 1945 COMPARABLE SALE NO, 2 FRONT VIEW Addtess: 2181 NW 86 TERRACE Piox. lo Subject: APPROX. 6 BLOCKS Sales Price: $ 91500 Gross Living Area: 1337.00 Total Roonis: s Tolal Bedrooms: = 3 Total Bathrooms; 2.00 Location: AVERAGE 1965 tet HS Baik] COMPARABLE SALE NO. 3 é but? FRONT VIEW Addiess: 1925 NW 83 STREET Tox. to Subject: APPROX. 3 BLOCKS Sales Price: $ 87000 Gioss Living Mew; 1120.00 Total Rooms: 5 Tolal Bedtooms: = 3 Jolal Balhtooms: = 2.00 Locatiun: AVERAGE 1937 exuipt__(y PAGE 50 This fora was reproduced by United Systems Software Company (800) 969-8727 penned Prolessinnal Piogerty Apptaisats, Inc. Vile No. VEI-1573 Page #8 SUBJECT PHOTOGRAPH ADDENDUM Borrower/Client: GREGORY PHILLIPS Aduress: 1894 NW 81TERRACE_ en ee. Gily: MIAMI Counly: MIAMI-DADE... State: FLL AipCode: 33147 ‘Lendey/Client: CENTREZ MORTGAGE... _. FRONT VIEW STREET SCENE iT This form was reproduced by Uuiied Systeins Software Company (800) 969-8727 ly ] EXHIBIT pace_O| gO | FOPUELY App Botrower/Client: = GREGORY PHILLIPS. . a ee ~ an Address: 1894. NW 81 TERRACE 9 —- —~ ee City: MIAML. ——... Counly: MIAMI-DADE.______._ Slate: FLL Zip Code: 332047 ‘Lender/Client: =CENTREZ MORTGAGE. COMPARABLE SALE NO, 4 FRONT VIEW Address: 2431 NW 94 STREET Plox. lo Sunject: =~ APPROX. 8 BLOCKS Sates Price: $ 93800 Gross Living Area: 1301.00 Folat Rooms: 4 Total Beurooms: = 2 Total Baliroorns: 2,00 Localian: AVERAGE . Address: Prox. to Subject: Sales Price: $ Gross Living Area: fotal Rooms: Total Bedrooms; Toial Bathrooms: Location: Address; Prox. to Subject: Sales Price: $ Gross Living Area: . . Total Rooms: ' Total Bedrooms: Total Bathrooms: Location: ADMINIST exnipir #1 ‘je i4 EXHIBIT__'9 page ‘SZ, ‘This lore was reproduced by United Systerns Sallware Company (800) 959-8727 Protessional Properly Appraisals, ne File No, MO*-1573 Page 41 LOCATION MAP Flee, M01-1573 Borrower/Ciienl _J.B,PARKS. Addiess 1894 NW.81. TERRACE... Cily AML _. Lender/Client = CENTREX MORTGAGE. Counly ‘MIAMI-DADE __ Slate Ft tip Code _33447__ _ sthovum "sore 10TH tos Tit sot my" yd2ude _husi yaaa A sors: ,, NORTHSIDE exuiait__\9 page 53 Designed by United Systems Software Co:nyany (800) 969-8727 Motessional Preserly Appraisals, Inc. L. . . Cone . oe File No.MO1-1573 Page #12 Fite No. MOL-1573 DEFINITION OF MARKET VALUE: The most Probable price which 3 properly should bring in a competilive and open maike under all conditions requisite to a fair sale, lhe buyer and seller, each acting prudently, knowiedgeably and assuming Ihe price is not allecled by undue stimulus. ‘implicit in this definition is the consummation of a sale as of a specified dale and the passing of litle from seiler to buyer under conditions whereby: (1) buyer and seller are lypically molivated; (2) bath partlies are weit informed of well advised, and each acting in what he considers his own bes! inleresl; {3} a reasonabte {inie is allowed for exposure in the open market; (4) payment is made in terms of cash in U.S. dollats or in terms of financial arrangements comparable thereto; and (5) the price represenis Ihe normal consideration for the properly sold unaffected by special or crealive linancing oF sales: concessions” granted by anyone associaled with the sale. “Adjustments lo the comparables musl be made for Special or crealive linancing or sales concessions. No adjustments are necessary tor those costs which are nownally paid by sellers as a result ol tradition or law in a marke! area; these costs are (eadily identifiable since the selter pays Ihese costs in virtually all sates lransactions Special or crealive linancing adjusiments can be made to Ihe comparable properly by comparisons to financing lens offered by a thitd pally institutional tender thal is no already involved in the ploperly of lansaclion. Any adjustment should nol be calculated on a mechanicat dollar lor dollar Cos! of the financing or concession, but the dollar amount of ny adjustment should approximale the market's reaction to the financing of concessions bused on Ihe appraiser's judgment. STATEMENT OF LIMITING CONDITIONS AND APPRAISER'S CERTIFICATION CONTINGENT AND LIMITING CONDITIONS: The appraiser's cerlificalion that appears in the appraisal report is subject to the following conditions: 1. The appraiser will nol be responsible for mallers of a fegal nalure Ihat affect eilher the properly being appraised os the litle to il. The appraise’ assumes that the title is good and marketable and, Iherelore, will not render any opinions about the litle. The propeily is aporaised on the basis of if being under responsible ownership. 2. The appraiser tas provided a sketch in the appraisal repor! to show approximate dimensions of the improvements and the sketch is included only lo assist the reader of the ‘eport in visualizing lhe properly and understanding the appraiser's delermination of its size. . 3. The appraiser has examined the available flood maps that are provided by the Federal Emergency Management Agency (or other dala sources} and has noted in the appraisal report whether the subject site is located in an identified Special Flood Hazard Area. Because the appraiser is not a Surveyor, he or she makes no guaranlees, expressed or implied, regarding this determination. 4. The appraiser will not give leslimony of appear in court because he or she made an appraisal of the properly in question, unless specific arrangements lo do so have been made belorehand. . 5. The appraiser tas estimated the value of the land in the cosl approach at its highest and best use and the improvements at their contributory value. These separate valualions of the land and improvements mus! not be used in conjunction wilh any other appraisal and are invalid if they are so used. 6. The appraiser has noted in the appraisal report any adverse conditions {such as, needed repairs, deprecialion, the present of hazardous wastes, loxic substances, elc.) observed during the inspection o! ihe Subjecl properly or that he of she became aware of during the norm: research involved in performing Ihe appraisal. Untess otherwise staled in Ihe appraisal repotl, the appraiser has no knowledge of any hidden or unapparent conditions of Ihe proper} of adverse environmental conditions {including the presence of hazardous wastes, loxic substances, elc ) that would make the propeily more or less valuable, and has assumed thal there are no such condilions and makes no guarantees or warranties, expressed or implied, fegarding Ihe condilion of Ihe Property. The appra'ser will not be responsible for any stich conditions thal do exist or tor any engineering of lesling thal might be required lo disccver whether such conditions exis|. Because the appraise! is not an expert in the field of environmentat hazards, {he appraisal reporl must nol be considered as an environmental assessment of the properly. 7. The appraiser obtained the information, estimates, and opinions thal were expressed in Ihe appraisal repoil from sources that he or she considers to be reliable and believes them lo be true and correct. The appraiser docs not assume fesponsibilily for the accuracy of such items Ihat were furnished by other patlies. ~ . . : . . 8. The appraiser will not disclose the contents of the appraisal reporl except as provided for in the Uniform Standards of Professional Appraisal Praclice, 9. The appraiser has based his or her appraisal report and valuation conclusion for an appraisal lhat is subject to satislaclory completion, sepaits, of alteralions on the assumplion that completion of the improvements will be performed in a woikmantike manner. 10. The appraiser must provide his of her prior writlen consent betore the tender/client Specilied in the appraisal report can distribute the appraisal report (including conclusions aboul the propelly value, the appraiser's identily and professional designations, and reierences to any prolessional appraisal organizations or lhe firm with «hich the appraiser is associaled) to anyone olher than lhe borrower: the Morlgagee oF its successors and assigns: lhe Morigage insurer, consulanls; professional COMP | abptastl organizatiors; any Stale of federally approved financial instilulion: or any depaitmenl, agency, of inslumentalily of the United States or any state or the District of Columbia; excepl thal the lendei/client may distribute the properly description section of Ihe feporl only to dala collection or Tepotling sevice(s) withoul having lo obtain the appraiser's prior wiitlen consenl. The appraisers wrilicn consent and approval must also be oblained before the appraisal can be conveyed by anyongte Ihe . . S57 public through adver ising, public relations, news, sales, or other media, &XHIBIT PAGE 5 | ‘Vrerklee Blac Foun asa £3 Page Vab2 Vanme Mav ton 1004 G93 Uns loin: was tej wadhaced by Uniled ‘Sysleus Soilware Company (800) 969-4727 Miotessional Property Appraisals, Ine, Tite No. MOI-1573 Page #13 Fite No. M01-1573 APPRAISER'S CERTIFICATION: The Appraiser ceililies and agrees that: 1. [have researched the subject market area and have selecled 4 minimum of three recent sates of properties mosl similar and proximate tc the subject property ior consideralion in the sales Comparison analysis and have made a dollar adjustment when appropriate to reflect the market reaction to those ilems of significant variation. Ifa signilicant item in a Comparable properly is superior to, of more favorabie than, the subjecl Properly, i have made a negative adjustment to reduce the adjusted sates price of the comiparab e and, if a signiticant item in a comparable propetly is inferior lo, or less favorable than the subject, | have made a posilive adjustment to increase the adjusted sales price of the comparable, 2. [have taken into consideration the factors thal have an impacl on value in iny development of the estimate of market vatue int the appritisal repait, | have nat knowingly withheld any Signilic: Homalion trom the appraisal feporl and | believe, to the best ol my knowiedye, thal all statements and information in the appraisal feporl are true and correct. 3, I slaled, in the appraisal feporl, only my own personal, unbiased, and prolessionat analysis, opinions, and Conclusions, ‘ which ate subjec. only to the conlingent and limiting condilions Specified in Ihis form. or national origin of either Ihe prospective owners or accupanls of the subject property or of the Present owners or occupants of the properties in the vicinity of the subject properly, 5. have no present or contemplated future interest in the subject properly, and neither My curtent or fulure employment NOF my Compensation for performing this appraisal is contingent on the appraised value ot the Properly, 8. | was not required lo report a predetermined value or direction in value thal favors the cause of the client or any related party, the amount of the value eslimale, he allainment of a specitic Fesull, or the occurrence of a Subsequent event in order lo receive My Compensation and/or employment tor performing the appraisal. | did not base the appraisal reporl on a requested minimum valuation, a specil ¢ valuation, or the heed lo approve a specilic Mostgage loan. 7. and Performed this appraisal in, conformity with the Uniform Standards of Professional Appraisal Praclice that were adopled romulgated Ly the Appraisal Standards Board of The Appraisal Foundation and that were in place as ol the eflective dale of this appraisal, wilh the exception of the departure provision of those Slandards, which does not apply. | acknowledge that an eslimate of a reasonable time for exposure in the‘open markel is 3 condition in the delinilion of market value and the eslimale ! developed is consistent with the ‘Marketing time aoled in the neighborhood section ol this report, unless | slated in the reconciliation section, have otherwise 8. Ihave personally inspected the inletior and exterior areas of he Subject properly and the exterior of ail properiies listed as Comparabies in the appraisal report. | further Cetlily that | have noted any apparent ot known adverse conditions in the subject improvements, on the subject sile, or on any sile within the immediale vicinity of the subject properly of which | am aware and have made adjusiments for these adverse conditions in my analysis of the properly value to the extent thal | had market evidence lo suppor. them. ! have also commented about the effect of the adverse conditions on the marketat property. ilily of the subject 9. I personally pre3ared all conclusions and opinions about the real estate that were set forth in the appraisal feport. If relied on Significan! professional assistance from any individual or individuals in the petformance of the appraisal or tiie preparalion of the appraisal report, | have named such individual(s) and disclosed the s Section of this appréisal report. | certify that any individual so named is ecilic kasks performed by them in the Feconciliation alilied lo perlorm the.tasks. | have not authorized anyone to make a change to any item in the report; therefore, if an unauthorized change is made to the appraisal report, i will lake flo responsibitily tor it THIS APPRAISAL 2EPORT 15 PREPARED IN ACCORDANCE WITH THE UNIFORM STANDARDS OF PROFESSIONAL PARTY, NO OTHER THAN THE CLIENT MAY. PLACE ANY RELIANCE ON THIS APPRAISAL, THE APPRAISAL MAKES NO GUARANTEES, EXPRESSED OR IMPLIED. ~ SUPERVISORY APPRAISER'S CERTIFICATION: iia su ? agrees that: | directly Supervise the appraiser who prepared th Pervisory appraiser signed the appraisal feport, he or she certifies and 2 appraisal reporl, have reviewed the appraisal report, agree wilh the stalemenls and conclusions of lhe appraiser, agree to be bound by le appraiser's centitication numbered 4 through 7 above, and ani taking tull fesponsibility for the appraisal and the Appraisal report. ADDRESS OF PROPERTY APPRAISED: APPRAISER: . Signalure: Wa LO (C- _whlame-—MANUEL A. RODRIGUEZ Dale Signed: 01/24/01 __-Siale-Gertifiemion #: Slale: FLORIDA cee cee Expiralion Dale of Cerlification or License: 11/30/02 of Stale License #: ST.REG.ASST.REA #0004461. 1894 NW 81 TERRACE, MIAMI, FL 33147 SUPERVISORY APPRAISER: (nly if required) Signalure: LE. . MME... Name: CLIVE.R, WELLMAN Dale Signed: 01/24/01 : Slate Certification #: N.REA. (#0001 6 : of Stale License #: EXNIB TE yom PAGE ‘ Slate: FLORIDA, Expiration Dale of Certification or License: 11/30/02 teddie Mac Toun 439 6a : his turm was reproduced by United S Paye ibid | |Did Not Inspect Property zal Fannie Mive Fa Fait Got ems Sellware Company (800) 959-0727 C-21 AMERICA REAL ESTATE 305-273-222 01/15/01 MARION RAUDALES CASC Copyright 2000 Southeast Florida Regional - ML: M811750 BC:ARVSO2 OF:ARVIDA REALTY SERV AREA: 31 AZON: STATUS: PS/REL AD:* 1894*NW*8l TE RP: SLP: 49900 CT; DADE F#: 30-31-10-057-0711 CITY: MIAMI ZP: 33147- GEOAR: ZN :.* S-GEN LG:*W LITTLE RIVER REV PB 34-19 W135.49FT OF STYLE: R30 #1: 1 MC: 30 TN: 31 SE: 10. SD: 57 PN: 711 MAP:*S9 ST: FL TYPE: SINGLE DV: NORTHWEST DADE SN: *W LITTLE RIVER REV MN: LA :* 1588 TA:* 1588 YR:*46/RS CONV: BED: 2 FBTH: 1 HBTH: 0 GARAG: 0/ CPT: O/ WE: FACE: N FS: U/ PARK : OTHER PARK RESTR: LT i* x SF: 6027 LOTDS: CORNER OTHER WIRFR:N/ VIEW : OTHER WTRAC; DESGN: DETACH /1STORY OTHER CONST: OTHER ROOF : OTHER FLOOR: OTHER . . no. DINE : OTHER ROOMS: OTEER POOL :N/ PL: SPA: REM: **BANK OWNED**INVESTORS!BEING SOLD IN "AS-IS","WHERE IS", "WITH ALL FAULTS" CONDITION BASIS.CODE VIOLATIONS MAY EXIST! ES: SPECIAL CONTRACTS & ADDENDUMS REQUIRED!SELLER'S CHOICE OF MS: ESCROW & CLOSING AGENT!A PRE-QUAL OR SOURCE OF FUNDS LETTER HS: REQUIRED WITH ALL OFFERS! DIR LR: DR: DA: KT: FR: FL: PR: MB: 2B: 3B: 4B: 5B: DN: PB: BEDRM: OTHER . UR: CE: MSBTH: . PETS / INTER: OTHER EQUIP: OTHER WNDW ; OTHER RESTR: OTHER EXTER: OTHER GUEST: GH: SUBDV: OTHER MAINT: HEAT : OTHER SPRINK : OTHER COOL : OTHER CABLEAVL: WTR : OTHER SWR: OTHER TRMSCONS: OTHER ASSUME: DAV/SOH: $ 44509 MPR: N/S FEE: $ / DMV/ASV: S$ TX:9* 1370 TAX: NOEXEMPT TM: $ OFFICE INFORMATION -~-~-~----~~----~---~~-------- LPID: 0446521 LS: TERRELL BLAKELY OPH: 305-596-1134x176 FAX:305-598-3635 2PID:; 2A; APH: 305-598-9535 2PH: LTY : ER ON: ON#: 2AG: EMAILO: www.arvidarealty.com PHOTO: 1TAKE DB : N EMAILA: tlblakely@aol.com XCP/BROCHURE: COBA : 3 COTB: 3 CONR: 3 VAR: WN JA: SPEC : AS-IS BANKOWNED FORECLOSE POSS: FUNDING OCCUP: VACANT SHOW: CALL-LO LBX-CLO PREV STATUS: A STATUS CHNG:01/05/01 PREVS: 49990 PRICE CHNG : ORIGS: 49900 iNet :Y/NORTHWEZST DADE~**BANK OWNED**INVESTORS!BEING SOLD IN "AS-IS", "WHERE IS", Rmrks "WITH ALL FAULTS" CONDITION BASIS.CODE VIOLATIONS MAY EXIST! PD: 01/05/01 CONTING: E DM: 24 ~~-INFORMATION IS BELIEVED ACC ADMIN exer # . Het _ “page yZ , PRE oo bee RATE. RUTSSAMOT WARRANTED--- 01/15/01 09:17 AM A ____.0940672002 14:16 FAX 3055983635 Coldwell Banker Kendall Ig) Guz COLDWELL BANKER RES. R.E. INC. 305-596-1134 09/05/02 TERRELL BLAKELY Property Archive Report Page 1 Address: 1894 NW 81 TE Zip: 33147 Folio# : 30-31-10-057-0711 Area: 31 County ID: DADE Property History ML# STATUS PRICE DATE AGENT BROKER DOM M864195 x 719C0 06/26/02 13258CH SFRI 91 M870094 x 99C0 06/15/02 13258CH SFRI 31 M870094 A 9900 05/16/02 13258CH SFRI M864195 T 71900 05/09/02 13258CH SFRI M864195 A> 71900 05/03/02 13258CH SFRI M864195 A 79900 03/27/02 13258CH SFRI M811750 cs 47100 01/30/01 NMLSO04 NMLSO04 49 M811750 PS 49900 01/05/01 0446521 ARVS02 M811750 A 49900 12/13/00 0446521 ARVS02 The information in this report is believed to be accurate, but is not guaranteed to be accurate. hur “COMPLAINT 3 ; a — exnigit__7 Pace 7 Rom : / FRX NOL: "mar. 89 2AG1 B2:56°M Po CONTRACT FOR SALE AND PURCHASE (Approved by the Dade County Associations of Realtors *) . $i 2- vse “6; , a Date Prepared: = [21 PARTIES:__-~/ - {> - TFARKLS _ : (Buyer), and REO. PIV, Ve . .CSelier’), heroby agree that Seller shall soll and Buyer shall buy the following real property (“Real Property’ ('Personaity’) {coltecttvely, “Property”) upon the terms and conditions of this Contract For Sale Ang Pur “) ANS personal property chase (“Contract"), which includes any Riders attached hereto, . . 1, 2. DESCRIPTION OF PROPERTY: “A. TAX FOLIO &: . B, LEGAL DESCRIPTION OF REAL PROPERTY: - . xs — c.stazetaponess: ! PI AP NW Si eee Cily: MLAM | D. PERSONALTY: (included in this sale.are all fixtures Including, but not limited to: antennae; heating Units; all other electrical, plumbing,’ mechanical s: tached to the Real Property.) Zip SF thp 7 fans: central and room A/Cs and ystems; and interior and exterior lighting fixtures; as presently at- PURCHASE PRICE AND METHOD OF PAYMENT: A. PURCHASE PAIGE vescccccsssescssssscssesseccnsseessqecese B. DEPOSIT to be held in escrow by__C> AY 1. Initial deposit... 2. Additional deposit dua wit after Etlective Date... 3. Tolal- deposit ("DOPOSIN)cccsssceerrreeee Cc. FINANCING as @ percentage at the Purchase Price (%) or dollar amount (3). lob corer (please check as applicable): 1. New third party conventional mortyage loan a. )firstor( }] second mortgage b. [ } fixed rate { ] adjustabie/variable rate { [fixed or adjustable/variable rate c. Term: years { 12. New third party FHA or VA mortgage loan (see FHAVVA Rider) [ }3. Assumption of existing mortgage(s) (see Financing Rider) -[ ] 4, Seller financing (see Financing Riser) : ( ] 5. Other: - D, OTHER TERMS: E. BALANCE TO CLOSE, in U.S. Dollars, in cashier's checks issued by local financial institutions or in cenitied checks certified by local financial institutions, subject to adjustments and Prorations. FINANCING; If a portion of the Purchase Price is to be financed by a third pany loan described in paragraph 2.C.(1) or 2.C.(2) (’Loan"), Buyer shall obtain the Loan at Buyer’s expense at the prevailing interest rate and loan costs. Buyer agrees: (a) to apply for the Loan within five (5) days atter the Eflactive Data; (b) to use reasonable diligence to obtain tha Loan: (¢) thereatier, to meetthe terms and conditions of the Loan commilmont; and (d) toclose the Loan. If Buyer fails to obtain a written commitment forthe Loan within 4S days after the Effective Date, this Contract shall be automatically canceled {uniass Seller grants a writen exténslon, which shall not exceed an additional 45 days), the Deposit shail forthwith be returned to Buyer, and Buyerand Setler shall be relieved, as to each other, of all obligations under thls Contract. ACCEPTANCE: FACSIMILE; EFFECTIVE DATE: If this olfer is not executed by and delivered to all Parties on or betore i Es - ee y Cm . the Deposit will, at Buyer's optlon, be returned to Buyer and this offer wilhdrawn, Facsimile copics of this Contract, signed and initialed in counterpart, shall be considered for all purposes, including delivery, as Criginals. The "Etective Date” of this Contract will be: (a) the date when the last one of the Buyer and Seller has signed this offar: or tb) if changos in this offer (after signature) have been made and Initiated by the parties, the date when the last one of the Buyer and Seller has initialed those.changes. “ DATE AND PLACE OF CLOSING$ This transaction shall close on ZZ- 2Z7- OO] |. unless extended by other provisions of this Contract ("Closing"), at the office of Seller's attorney If said office is located in the county in which the Property is located. I a portion of the Purchase Price is to be derived from institutional financing, the requiremants of the Institution as to piace, time of day, and procedures for Clesing and for disbursement of mortgage proceeds shail control, anything in this Contract to the contrary notwithstanding. However, the institution shall not have the rignt to delay tha Closing. SPECIAL CLAUSES: SSCL ER TO PAY FU GUYER S CosT. | RIDERS: (Check applicable Riders which a's allsppadi@ QueOantacie SMir —— oy 1, Association Rider ( ] 5. Interest Bearing ( ] 8. Coastal Construstion Control S { ] 20 FHAWVA Rider . . Escrow Rider” Lina Bide XHiBt = _ 9 L 13. Latent Detect Rider { ] 6 “AS IS* Ridsi “T YS. Other FO PAGE 27 \ | 4. Financing Hider ( 17. Misc, Clauses nicer) tur ——— FrOM : : eon FAX NOL: Mar. @9 2081 92:57—M PS 3 28. ASSIGNABILITY: The Buyer may not assign thia Contract without Ihe watien consent of Setler. 28. TIME: Time Is of the essence for all provisions of this Contract. . . 30, ENTIRE AGREEMENT; TYPEWRITTEN OR HANDWRITTEN PROVISIONS; NOT RECORDABLE: This Contract, Including any exhibits and Ricers attached, sel forth the entire agroemen! between Buyer and Ssller and contains atl of the covenants, promises, agresrmants, repre- sentatlons, conditions end understandings. Typewdtien or handwritien provisions inserted in this Contract or atached nareto ae exhibits or Riders shall control all printed pravisions in conillet therewith. Noevther ins Contract, nor any notice of it. shall be recordedin any pubils recarde, 34. RADON GAS: Radon is « nalurelly occurring radioactive gas that. when it has accumvulatod in a buliding In sufliclant quantiiies, may present nealth rigns lO persans whe afe oxposed toil over lume. Love's o radon thal oxceed toderal and sate guidelines have bean tourd In bulidings in Florida, Additional information regarding ragon and radon testing may be obtained from your county pudiic health unit. 32, WARRANTY: Soller warrants and represents that there ate no facts known lo Seller which materlally atect the value or deslrabillty of the Real Property which are not readily observable by Buyer or which have not been disctosed to Buyer. 33. OISCLOSURES: BUYER ACKNOWLEDGES RECEIPT OF THE AGENCY, RADON, COMPENSATION. AND REAL PROPERTY SALES DISCLOSURES uissscecteeererrers precueeeeerees dp eneterseneeesepeesecenrontens . BUYER'S (INITIALS: be THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING, ‘This Form has been approved dy and Copyright 1992 by the following Dade County Associations of Realtors: Coral Gables Association of REALTORS , Hlaleah-Miaml Springs Association ot REALTORS . Homastead: South Dade Board of REALTORS , Kondall-Perrine Association of AE ALTORS , Miami Beach Association of REALTORS . and REALTOR Association of Miam!. Approval of this lorm by these organizations does not constitute an opinion that any of ihe terms ang conditions In this Contract torm should be accepied by the periles In a panicuiar transaction, Terms and conditions should be negoilated between the parties based upon ind respochve Interests, objectives and bargaining positions of at Inverasted partias, Date last Initlaled by Buyer, If applicabia:, BUYER. . bate Signed by BUYER:_/ 2 7 2B - CO ~ are G2 LTB Gewese) . (Sent) Tax lO m Tex tO: : _ Address: ~~ nn ene DUDE ee 34, BROKERAGE FEE: Seller acknowledges inat this Contract nas been read In its entirety and agroes to sell the Property for the terms and conditions sialed in this Contract, and does hereby approve. rality and Confirm the Contract in all respects. The undersigned Selier acknow ledges the employment of Ine Broker(s) narred herein as sole egant(s) of the Seller (or of the Buyer, if so designaled) and agrees to pay sar Broker(s) % of the Purchase Price, or $_+ . (plus service/sales tax, Il applicable) for services partorme: In finding a Buyer ready, willing and able v2 purchas¢ the Property pursuant to this Contract. Sald fee ls payable at time ct Closing of thts transaction, The provisions of this paragraph shail survive the Closing, It Buyer falls to periomm ang the Deposit Is retained, 50% thereof, bu nat exceeding the Broker's tee provided above. shall be pald Broker as full consideration for Broker's services, and the balance shalt be pal to Seller tthe transaction shall not close because of retusal or failure of the Sailer to perform, of, H Buyer and Geller spall mulually reecin: this Contract without Sroker’s consent, Setlor shall pay tne full fee to Broker Upon demand, In any litigation arising Ovtol the Contract concern ine Brokor’s lee, the prevailing pany snail recover reasonable attorneys fees and costs, Including al trial and appellate level. Date tast initialed by Seller, If appiicabie: Date Signed by Satier;_/ B- BE “GO (Seal) Tax IO #: Tax ID #:, Address: 35. BROKERS: The Broker(s) named below constitute the agent(s) of the Seller (or of the Buyer, it so designated) regarding the sale of tt Propecy, and each Broker herete will hold the other Broker harmless from any Claims for brokerage lege arising Irom hie/her dealings wih & Broker not specitied herein, By thelr execution, the Broker(s) agree 10 ihe Drokerage leg speciliedherein and lo the proponions set out adjac: to their names. - es Firm name of Ulstlog Broker Firm name of Salling Broker as (chock one) { ] Cooperailng Sub-agent of Listing Broker, or . . [ } Suyera Groner By: By: . {Authorized Signatory) . {Authodzed Signatory) 36. DEPOSIT RECEIPT: The Deposn (subject to clearance) was received on and shall 69 heid and disbursed accor to hls Contract by the undersigned Escrow Agent. ENV LANT | g= ; _ Firm Name of Escrow Agent ° x Y Talephone thon Signatory) ~ d » EXHIBIT $l ae EE . + EHR te XHIBIT _ G PAGE __lo PAGE OF so ynere oe 2 DAR GA INTRA Ve Page IR10-Cl PROFESSIONAL PROPERTY APP 01150 FOLIO NUMBER: 30-3110-057-071: PAZIP BED BTH HB BUILT ADJ SOFT $/SOFT AVR 1894 NW 81 TERR 33147 Isc COUNTY LOT SIZE 68.490 X 88 6027. 00SOFT 6027.12SQF OR 19240-0250 0800 3 LOT TYPE => YEAR BUILDING LAND ASSE IT AS/FT YEAR TAXES D TX/FT 2000 38, 620 10,619 C 49,239 > 31.00 Oo 1,471.43 ¥ 0.92 COUNTY MARKET VALUES “HOMESTD SALE DATE AMOUNT AND TYPE YEAR BUILDING LAND _ TOTAL 0 AUG. 2000 100 3 2000 38,620 10,619 * 49,239 SLC CLC JUL. 1999 0 4 CEN TR-BLK 10.030 - 2 Ol O01 MAY 1991 0 4 UNITS 1BD 2BDS 3BDS EFF MILLAGE RT LP MLS-OTY MAR. 1991 0.4 22.308000 N SELLER(S)==> DADE COUNTY CIRCUIT COURT MORTGAGE COMPANY AMOUNT DATE MTG TYPE RATE NUMBER ENTER=FWD FL=DOCS F4=TAX F5=LEGL F7=DIM F8=MORE F6=COMPS MENU TR10O COUNTY SHOWS TAXES DELINQUENT, F4=VIEW Be V) (1297) PO, 000 S2 (762, TL /E0 72 (- Veo 7) 96, 000 ya (iss) 91-90 3/) (s7s) 77, O06 oy &0, C00 /17, @00 gf. (122g) 78,090 STRATIVE cOoMPl LAINT. ADMINIS exHieit #4 ; Exist __\0~ Pace _Wi PAGE. Uru) 2UUs 14510 FAS SUandSdo5a Celdtes: BatKacr acuuatt wy uve 5 H “817 Jan-04-0! 17:57 Fram-ARVIDA weatly SERVICES 3085983695 1-81 en A hae, Sebeeesevewesseaeage BARB Seer vuersgens wy LB eR FORUINEL wT} Bil IMPROVOMANIS Big RENE Hams. Nog Kenbs. DulhiN neTMRWAgS, Baten Eppiances. cong yard. MQM taterag. @TRCNOQ it ool CURES Tedd. orapines ang ome ye Ty Bayer eee eS aauraa tira boneremene coger ‘Pare, ay thi Ruger Cawte: Bix! Teas zi : feaneng Memon, Tour tape 9 Ona 1Careng fers Bh hatee Gq mongugea: Feoarang fess on ine deca wa P.82/08 = F-283 Ve Lae cee Ne grea fe Sed BN Pes Th TeATS AG GAS Wea OB he PORT) ceaenbed 25. oe v44 Boh Jari he eagle Bree ag Ie The rea ang pureara propUTy ceicreda Boo 65 Maened 272 BASHA o Ielaerad ta e@ We “Property - Payson presen 1803 0TH CONTA EGER TW TS RR, NEG MD CORDA vad erm Dlg ust Dy Sailors sarvonetcs .. BSe at Raanong * 2 PWROMASE PiticE: 23. ) AWS. Cteny te ktoes, Wie coeige TOCpra GREE UH BeaeeT seat Ye oy —seR s5e Pera ApEn — Se AGGLGNG GFRCS 10 68 ESE Py © Tid FERS Ian Parga 3 row) espa aaa ook our ov psterrage 1 Fee OR ae ¥é {20.00 Se Baance w sae vot oneirg Baars caung CRs. preBaS ams ana prorstang PRA CHG Mot Be fl oy ay Crown carers erech wr ert ER iia > FINANCING: (Cnecn as appioanre) Bhtver seit pay 6227 Tor me Progeny wen na frend, : Comes & cenuigort on allie tar 08 Cahn geney A Far Ten Sig Da ara Stave ha ee A a TE PMN ay — HME Boor He (Financing Perec, Wy Lac a a SN PA Wa ate arg HH fretniaag Sopra or ar pareng MATE RO 8S eT aren a et Bayer wil apy fey Pi Beyer «i SA en wv _ Gro mene aod Sau f wit SuGeNSE ane Qaed fet, POT veh fox Ine “3 Whe ICS ies Oe wearetes pre ta } ewan tas steren ang on Wag ieee, * ; Beeard 6 me Ponetty py . A iis a a a Re mii ireean miapecton On ine Gay sefore . EXHIBIT. 7 Decw22-00 17:2h Fron-AR¥IDA REALTY SERVICES . 3055983633 4 Teele P.t6/12 F+73 ae ro a 1. SALE AND PU SORP- “a Soyaa wo Sez anal bay Gh 0s Tens B/G anglers apachioa BROW te PORT GEEADES 8s. adaress: 18536 3h) Gh TERE CG nn - DADE 33167 Contiy. - egal Cas Wha ager OF N1/2 3K 8 TESS ES7TS, WW LINGLE RIVER REV, FB ae LF an TecID NO. 30-31520-087-07 4b - rogetner wen all improvements anc amached items, newaing fixtures, build-in fumisnings, Dwitin appliances. ceiling tens. i e tuded te -tO-we] ing. roms. amps 28 omer wingaw covering’ The only omer tems in ° " Naar t8. ae Te DeRaGMAL PROPERTY FOUND IS SOLD iy "aS IS") iragee zsh "WITHALL FAULTS" CONDITION BaSiS WITH WO WARRANTIES FROM THE SPLUER. $$ er The favowrg etacnac Wems are excmceg TON Tie PwoNASS: tle —— N/A i ia referred te es tne “Property > Parsons: propery 2 Teal ANd perscnal property Sesendeg Adové as MCWGES 17 Te Purcnass i Teles Tres nme Conmact WS NCLGed i Tne sues pce, Nes No camtinwjary wae and is Being Jam tor Seller's sanvevence PRICE AND FINANCING . PURCHASE PRICE: 3 FZ L00,O0 | payanie ty Buyer nw. curercy asteiews, ® ef 3, 202,08 | Deposit received (anecxs ae sunect 16 ctearsnce) 18, by for BOBEVARSEA & ASSOCIATES PEscrow agent’) Soe OSCSCSCS:CS OR iS amtienst cepost te De muse py P: *) Tala; Financing (sae Paragiapn 3 Deion) (express 5 a CON! BMOWN of Percentage) 1a % Oner iC) a4é (20,00 Banca to cosa (not nciveing Buyer's casing Costs, prepaid sem2 and prorauons). Aa funas PAG a ClUSING Miwst De pal! by jacely CANT CASTVErS CPSCk OF wired furs 3. FINANCING: (Cneck 88 appucame) Buyer wil pey casn for me Propery wan no francing cantngsncy £4 (0) Ths Contact ¢ contingent on Qualtying Tor ana nctaunwig (]) Andvor (2) pew tne ‘Financing’ ny _. 2 thier prank Ten Closing Oste gr watnin 90 days from Enective Cate, whenever cOturs frst (‘Financing Penoa’); Of) A comment for new Q convemniona! Ci AHA OVA finanang fer $ or, 9 Of The parcriase price (p1-s any appAoanie PMI, MIP, VA funcing Teed ating prevenng Cdireat rate ancl oan costs (f PHA Ar VA see emmacnes ecicienctn} © (2) Approval far Setler financing cr assumpnen cf menigage (ee shatned aqencun) Buyer win apy for Financing wits 3 cays rom Enecte Oata (5 cays fiat DINK) ANS will Wty frou any ang al Creat empoyment, financa) and other ntamaton required by ms ender. Exher pany may cance Ts Contract if {) Buyer, ener u6ing augenee and gaod Jaan, cannes oprain Ine Finanang, or ffip the Financng is deres necsuse Wie Property appreses Delow ine Purcnase pace and erner Buysr elects not fo procesd cr ie parties are ynstie 10 /enegatme Ine purcnase ance. pd SANcelaLcn, Buyer wit fenun Bt Selieprovided tle @udiance, surveys and sssocanCn CoCUMants and Buyer's Ceposite) wil, retumed ater Eacrow Agant receives prope: autnonzation fromm a imteresied partes, CLOSING a 4, CLOSING DATE; OCCUPANCY: Ths Conract wa ne risesq wae caw tens en_/Sa/aco PCiesing Our’), wiess extenasq py ayer Prowsens of mis Cortact. Tne Poperty wil ba swegt qean end fa pensions hems femeved on cr before Closing Pate it an Ceang Ras inswarite wncenviing 6 suspended, Buyer may poarpone ciosing wp fo 5 cays, §. CLOSING PROCEQURE; COSTE If rina insurance indures Buyer fer tue catscts ansing between tha the nner affective age 8nd recording of Buyer's ness, rinsing Qgstt wit Gapuse ML GOans he fa; Sats pmceeds co Seker 6nd mruncrege fees 16 Broker 35 pe: Peragrepn 18. in accion te ONE? eAPENSes Proviied vy ins Convect. Salley and Buyer wi pey Me costs ingicsisa pew, {9} Sellar Cost Seiler ww pay 1368 ang Sateaes on the chaq and recsrane fees for documanta nescad m cue ae: certied, confirmed and rated apacial assessment hens ang, ¢ a) rpravement is sunStannally campisied as of Erectve Dare, an AMC Nt equa fo Ine lst esumaAte ct Te askasement; Cinay: Spa enneeenenen (b) Buyer Costa: Buyer wil} pay tzxes ana recorcing 1ee3 pn notes ang mongages: fesoraing fess on Ine deed anc firaneing statemants, loan eapsnses: pending Special essesemens ens; lender's ie poucy; inspactons. Survey: flood insurance: name warranty pian: Oper: (c) Tide Evidence and insurance: Check (1) ar (2h (1) Setter wa provice & Paregrzan 1Oiay1} owner's tide jnaurance COnmIMAaNt a the eviaence, W Sener Q Buyer wil Select tha te agent. Q Seller PA Buyer wit pay for me Owner's tina Policy, Searcn, examination and relateg cnarges Fach parry wit pay iS Own COsiig fees, Q (4) Seller wit araviae nye endencs as spate in Faragrapn 1Ojay(2) 6) Seiler Q Buyer will pay tor ine owner's title Policy ANG Sasct Teé Ihe agent. Geller wil Pay (SES Ter Mie searches PNOF $0 ClOSINg. including tax search Snz lien awarcn fees, and Buyer will pay 7686 for TIS BeArcTeEs Mer CAEN ff ary}, Ue exarniiation teex @nd Gesng tees, (8) Proraslons: Tne tolowing terme wil pe Mage cuent (f APRICHN ang provaisa ag of ihe cay Hafore Closing Date: reay SOLIS UIKES, inevest, HONGS. BRBESSNIeNIS, BASCCETCN 1628, MSurence, rans and oper Current expenses eng ravefues of tne Property (1 Taxes and essegemenss for the curromt yea’ CANNO! be ceternined. the previous years rates wil NS used with Saement for examsuens end improvements. Buyer 4 responsihie tor procerty tax que ie Shang? sn ownersnip, (9) Tax Witnnolding: Buyer and Salter wit comply with tie Forean invesiment sh Property Tax Act, which may requre Solar to proviag gagmane) cast at cinaing f Seller is a Fortign person as cefined by fecievat ttw. : ("PROPERTY CONDITION 6. INSPECTION PERIODS: tuyer/ut Ite Bry and wy Shens ct me twnnin 15 days from Emsctwve Ogte f i ‘ ‘Berea'y ana tre oper Py rank) Crispectcn Pericg'}; ane me walk-tn i iGO"); nrous: Crasing Re e panes rousN INSPECTION OF Me Gay Defore ie roar an aaa EL: Co . - EXHIBIT “T pace 72 —— @ gua | 3 + anker hendatl 5/2002 34:17 KAN S00598abSa Colmer: san hon at pan ee tel 18:01 From-ARVIDA REALTY SERVICES 3053993635 . ; " pee te vie tee ee eee Cr cre — “ Guyer ie herepy infarmeg Oras Salt wig na Gram Sema Wa Oia Wopety BO! ety rapa. Except 82 BADrercd fa? tam A weave, PrHIPGHEYG IENGAS vibanhg. BY ScmUpADY by Eyer, prion ta WG Gees a! Bacrve. c. WP ON afty Hebe RqeGtt wale PION yw 0. i if he Buyer eo53 na Ayr i@ berary ans hence sare wy no bees i amarTIed and agroad Pmt Fareans Gapial Corp. reacives the nant w wi 4H Wis wars ree ane ieee hae tc one kg Sa an Fe je Puree Cariesy. . ef an ef is roneenion ane alana of eacraw is NOT CONTINGENT B TIMB TO BBTAIN FINANCING { Buyer ograae 12 Praise ef any Snening neseatay 10 nee ee ea, her me @Fing af thie Na Paieny Puaiese for wearing oft rantace guano ee os Te Lene MOAR Di OPCAIT SY EASA ied BN GaaANan of Yve fx Is PARASG is Mnamiy merce WGN GS . - FUMPankS Capleal Sa USAIN oT IRSroNEL Res eaten enn «TR TW Rosey 39 ae hei i (reais to nana Wa Thaw tan noes Burd ve pre 10 88 G00d UF4 defomEaI Rbloe orzy ‘ Sovenenrs f Fairoans Caged WAIT Reed uneaa oreneine wocifeg, NOW ots Bane. iyo wl pay 8 YW S060 wfoetans mi ale if inaSan i E d i a ON eT ae PEN te nu ea. hs es bed edatin clo] 4 3 Ab! IAA Mie is te. GFW INly, @ a5 Coon ether ST TRIG GATE In the Beart of ean ST Rake 5 iets F acai We, tis Soncee, we nell in era Sie agar Saar Oe OM * IV Seer na fg came or pace panera nel rere M ee shail meroay Face eee os RAST DAY tlt: ro crew gor At per Gamer nam a Naeery Ragucsan Aas Of 18GS 148 ok s-4 B50) and repited rate to ees " x hs Cane EY Ie Bt Se anTOY Paentagr mat have tn (101 gers ahey * (Wife tabbed h Pr J j ve ii ios etiawin adpe aon atcha ie RR ove ne one a , . We Pohas, Purchases INS he eta 2 WARN nay Fats Win five (3) aks ner Go cra oe sor kres ve Tai helped tre Saeed he Solin ie Rerepanee Pasteg a LTeNed7 thw LEP Beheanay, or ie pathos ocraley egrce wing correct Pealed aren By souee, Sulla erg Y ant Th r “chr alictl eager mae aetRon tn, ee : . j Zz if fl 4s fi E i i é ‘ Decn22-00 17:22 From-ARVIOA REALTY SERVICES 3055983633 ~ THANE PLOTAIZ F073 - y ob’ me Property. incieding vioianans Of gavernime! al laws, UBS BiG Teguietiens, OMe’ than those inet Guyer can reanay obsarve fave me Property's energy sficiency rating Sete ng . tan i agency of repay onligasan 1 connected wit ine Svscame. Buyor aeneoie recept aime ie nea Pa Roane esoney Rang Sysem orocnwe. ITs « 8 New name, the buiaers F.- sonerod a4 en SOOT. to auaon Gost Ragan @ & nifuraly Occuring raicective QRS thal, when it Mas axcumsiata na ee Prmee, may present nesnn wexs fo parsons whe ee earcsed to it Gver ume. ool i enn oe aa rie Ba 2 guidelines nave Geen Tung 11 Buldings in Flange. Agutenal information regerdin eae a me worse onraned Tom your county pubic neann unt, Buyer may, winin me Inspeckan Period, naw PR parson test the Properly ter racion. . wot win £9 ste gov «9 wien faoa % § acMbed 10 varity Hy Survey, wih the ender props STUTEN Lives] om ne Fale whemer fleog insurance is requfes aNd wrist reswictions apply to improwing we Property and repuilding in tha event of caswany. & i 2 3 2 bd 3 2 = 3 2 a 3 i i ane wee ren Propemy 0 tne jaht Te Inspect Seller maxes no warranties Ohier man markstanuty of me Beijer will keep the Prop i a i whin Riss Sretve Data unui cesng, except for normal wear and teer (maintenance requirement’). ang wit 18 GOfvey The Property if ita “as is” conanen with ne OBlgRioN ye rans ary repats 5 and wae-trougn nspections » # ‘nepection Fa TS ee Wn ant eeu oy ane waich Buyer & entmed 10 make agg Tvs pErEreRh, i er ees a ret aie rope ana accepts The Property “as 3s.” Gellar wil prove access and wukies tar Buyer's 10 mavenens. Buyer wit repair ai qeTayeS Te ine Prepeny Swing from tha indpackans ANA ratwn the Property £9 Te pre Bi ection conaiion , Fr] ft Professional Inspections: The Nspacnenis) wit be Ry @ Parson wile BRScBies 1 ANA Noids An accupATons! icense 38 required Dy law) 0 Conduct nore inspections of wn nekis 2. Flores ieanse fa repar Bhd manwan ine hems mspectes. 4 (8) Cancellation Right Buyer mey cancal mis Contract py wien notice ta Geller witin 5 oays from me ena of te 6 Ingpecton Perea if ine estenatad cost of weatment and ‘Bpairs GeterMines to be Necessmry by Buyer 18 greater inan we I ms amount ie greater tnan $O (zero), for the cancatianen 16 be éffecnve, Buyer mat INCE WA Ine 7 whten Nehes @ Copy of Ine Mspectars wiiten report, f any, ang WealMem nq repae estimates from Ine inspector or ET Y Persea) Nolaing 4 epgroprata Finncta keenze to repay tha deme inspected. Any Condiwons nat reported if & timely pa MANNAr wil PA Geamac accsptanié tO Buyer. 1co (d) Walkethrougn Inspection: Buyer may wéeik Inraugn me Property soy ta very ist Seller nes fulliiea he contractual 1a aplgations. NO Omer Saues May be raiseq a9 8 result Of Ine mak-m/OugN NseectaN. 12 @, RISK OF LOSS: It any pomon of me Propeny 8 cGamegaa hy fire or omer Casually Defore Closing ang can ba restored 194 wimin 43 qays Tram the Clesing Qare yo sunatantialy The Sarre Condition as m was On ERecive Date, Setter will, at Seller's 34 @xpanea, restore tna Property and ine Cosing Date wi be exisncmd eecoremaly. If OTe restoration cannat be completas in 10S Tune, Guyer may accept tha Propeny “as 16" win Sailer assigting te insurance prozezas tor ne Property 10 Buyer 21 closing, 18 failing which einer party may cance Tis Canact. 187 TITLE 166 4.0, TTLE: Saijer wit convey markatanie nis ta ine Property lsy stazutory WAIN A6Ed Sf TSAR, Personal repressmative ar 109 quarQien Gead &9 Appropnate to Sellars status 110 fa) Tivle Evidences Tite evidence wall show lagal eccess 19 tne Propenty ana marsstabie tne of recora in Setter vi My aetordanca with current ime ssangaros Aqopyid py The Flands Bar, sumect only me foncwing ile excepvone. none of ‘18 WICN prevent residential wee of the Property, covenants, easements ana (esInCUOns Of record; maners of plex eusting V8 Rening and gavemment reguistiona; oli, ges and mineral rights of recara if there 1s no nent of entry: current taxes, 4 MAMgAges Meat Buyer wail asauma; and ancemnrances met Seller wit discharge at or Deore closing Sailer wit, prot to us aes. Geuver ta faye Seliar’s choice ct ona ot ms faderang Tyas Q| Mme evicence, whch Must be Gensray aocepCEN in Tie the Coury where tne Propeny is jncayed (apeciy in Paragirapn §(¢} ine seacteo Type}. Galler wil use option 11) vt Beacn County ang pion 2) in Dass Coun srairapn Se} Clad type). Baller wil use option (1) in Pam va 43) A tive inaurance cammitnent sued py a Fonas-icenses ute insurer m ine amour of ine purchase pice eng ws SUBJECT Only To te @xseptions eet Torn jn ths Contract, aa (2) An existing abstract of tine from a TORUIASIG And Busing ebsvect firm ot PM 13 Not existing, Inen apsvact must be \31 SOrfhea @a camect by en fustng firm) Purpaning to G8 an accurala synopsis of the instruments afisetng Te ta me rea Property recorsea in tne public recaras of tng County wnere ine Fropeny is Iecated and cernfiec to EXectve Date. 128 Howéver if KCN an abstracts not aveyapie 14 Sellar, ry Vas we ver i ® : 2 Bvdunce wil be detversd nc later than 10 gays nefare Closing Dara “ tay Tie Beaminatians Buyer wit eaummine ine ttle evisence ana gelver written nabce 1 Seller, witrin 5 gays tram rege of ¢ i NOSACK Dut No [ater Tan GOERing, of any aelects mat maxe Ine tte t 1 Keca@pt of Buyer's hance of defects ¢Curatwe Pariag”) c Sater’ expanse 1 Sottr cues to een vat within ine Curative Penod, partes wil close Ine wansacten an Cia: w pate @r within 10 cays from Buyer's recep of Saller's nauce f Casing Ret ne ne OTe walhin Me Cordive Pendg, ang with y 134 Seller's nowee, einer cane ane oes wetenecen’ fom reset of he be fone Buyer may, prior to Closing Dame ana et Buyers sxpanea, nave va & Balin, within 5 days tram rece hy eNeroachman' 1 ON Iné Propany, M77 engroacnmants py we Propeny SATCLON OF Zoning vislations. Any such SE snicrpacnment oF violation will ae 338 Getermined in assaragnees with sui da6 0 Cantal une, Seller wil provide & mw Prepeny Aniess Buyer waves vee" Buys Cd) and Scher 1s 1285 DT RES Range ag Ls aknowisage recat of € copy of mus. 8, whic = z ee mrowoaae py peg! (2 Page 2 of ¢ Pages. ; EXHIBIT__‘T - page: TB OY, 06/2002 14:22 FAL SUuvdussudo Coldeeli Bauker AeuuadL wmuus Dacm22-00 17:24 Frow-ARYIDA REALTY SERVICES 3055883635 - T4tS P.OU/12 F-O7d aeknowiedige Thar Me ProKernaaly Need bebe 7a the cause of ine wensecten. InsPy~flon ta Closing Agent Seller agreements win The parhes and cooperative agreemants bamwean the brokers, uriest Bronar has refaned euch Tees from me i roKerage Tal SEAS Tees AS INdiGatad Deiow. _ Secroneg ent Weare iieaiiaily : = is Stab + Fes Be SoTpA REALTY SERVICES Se v; labs ef BION 1 BEDRMS IO ere Roe fe i ' ADOBNDA AND ARCITIONAL TEAMS rom ieee sp DENRA: ing aqananal Jaina We NWeb.ded 1) SSK aN Oonmect ieedie}. OE ee Ne hier Raise OM, howeng Persons QS. Saiz of Buyer's Propany f QB homeowners’ Assn, GHineoeighitsiacpeg QM Uninproved/Ag, Prop. QT Rezoning + QO. Sefer Financing Q1, Settinspections OO. infers; Baaring Account «QU, Assignment QD. Men, Assumencn =O. J. insdetion Descioa ve OP. Been-up Comract QV. Prop. Decoag TE neog * QE FHA Rnancng QK. Frenia7e Henan Sk BP QO. Bron «Pes nn Prop Sone EESCE SUR aCe TOF VARenen Gh tool JO FORCHASE aCBSExXERT 21. ADDITIONAL TERMS: THIS PRGRERTE 29 BEING SOLD In “as go", "URERE TS", “UITHAIT BAL TS” CONDITION Basta M4 TES FROM SELLER, ° TEE _ELRECTLVE DATE SRALL BE UPOY WRITTEN aup Ob UEBBA. ACCEPTANCE OF THIS CONTRACT BY THE SSLLES. TIME 1§ OF THE BSSENCE POR ALL PSOVESTONS OF TRIS CONTRACT. —_——__. a crn THR BAG} AWD LOStNG AGENT SeaLL Be SOnavaRita ¢ ASSGCTOMES Q1I=042=2700. 5 Sa Rlywgsjeal54t, saan oe - RUSYHH CEN Pere a wT aI TN This & imended tm bo 9 logaly binding contract. [f nen idly undaratoed, eesk the axivico of ah etromey prior to signing. iad OFFER AND ACCEPTANCE & (Ghesk if applicania: Q Buyer recmvag a writen reel property aucloure starement trem Beller netare Making tna Offer.) “4 Buyer offers 10 purenase the Prapary on the above ISTTs ena sanaiuans. Lines tis Contract = signed by Baler and 9 copy ‘S* deiivered to Buyer na latar inan OQ amQ p.m. on 19____ this offer wit be raveksq © ang Buyer's qapasit runqed sunset to clearance of unas. ome; Lb! 4—Foed Buyer: Lz a Tax (YSSN: = Date: Tax IVSSN: nm Phone: 1 Fes: rr Oem ? 7a" Date: Ter 7 Phone: ve Fas: 29" © Salter counters Buyer's offer (i acoRpt ihe caunter offer, Buyer Met sign or intel Me counter offered terms and Gener s 8 of tne accemance to Satlar by 5-00 pm, on —~ 19}. 8 Seitsr reece Buyer's offer. aid & Buyar ptf) (___j ana Sel ORRNGwRRGE FECzipt of a Ca; Toa Mengihesacition of Rea tes ang reat ¥ restos nen teeny ‘OT hua Jorm Wh BAY Enesine Tarmacha of Rite rons (ue eas etipedite CONDI: WANSOSaGAS Ae RERUN OF Sy on 15 ving bia for wae By IO CARTE Ta eb ht sedierd . EXHIBIT__‘T - page 79 Doc-22-60 17:23 From-ARVIDA REALTE SERVICES 3055983638 - TH4i8 P.0B/I2 F-O7$ ~ MISCELLANEOUS w ona ‘a 7 ¥ daze on wikeh The lest of the parhes inmas OF Fig) 4 zi #7 : Ettactivs Dare” of tis Cattract a me b wa ye Fe Tine eet he aoe for all provisions of this Carmrasr. Al une penods wi be ST ee ae ; * y OF MATONA ge Holiday. Partormence wi 1 2 wa Se eresnng inte aunty where the Property 15 opmisd} Of Ihe BAPIOpneTs Gay fu eeynnje mena. Buyer's Faure to CES: Al holees wil De mane wp the partes and Breniy Dy Max, parece! detvery SF eet 10 : Tae Limnly wba notice To Seher, whan Suth notice & requarsa by This Conwact, regarcing ary conynpences will rencer 181 That cangngency NNR and vad end Ine Contract will be eansirwodl a3 if ine contingency Git not exist . 142 49, COMPLETE AGREBMBNT: This Conwect is the snwa Agreement between Buyer 8nd Sali. Except for broherce vs ugruemante, co pigs or presen: sareerenns wl SV alee grea wa ouiverd by Te ary be bound SNS 18 Modtestons of wis Contact will net ns Bint w swrtng, Sn SO ne ee imctranctly ¢ Gn Bapes 3, do 3 relerenced in Wie Contact, couMerpans &NG witten ci ‘ ot Bs eeopaane fer all Purposes, inelueing Calvary. anc wil Pe pang HANawriReN OF tyPswiien ars penliveied sr gyecned to mis Contract prevall aver pISALNed lars T shy prowsdn of tris Cormnct ia or Rascmnes wwakd OF ; 130 al} parnauning prowsane will CoNWMLE TO Dé fully aTechve This Contract vail NOD RE recaraed in any PuAlic records. "1 poneunt. Tne tems i 34, BILITY; PERSONS BOUND: Buyar muy not assign Ws Conwecy without Sailers wren rorrey ‘= eee ier ang “Broner’ may be Sifiguint Or plur@, ‘Ths Contact iS |Nding On Ts NeE, aunuNsTawse. Sxeculors, AREY, personal epresematves ena assigns (f paritrad) of Buyer. Seller and Broner DEFAULT AND DISPUTE ABSOLUTION he 75: DEFAULTS (5) Seitor Detanit: if fea ony reason omer man faiere Of Goiler te Mans Gotters tHe Markerare aner angert etic, Jee Satiar Tala, rafwaes of neglacts to perforyn wis Canumct, Buyer may cnooee 10 receve 8 return of Buyer's aepost wien! 186 waiwing Me ngnt to seek damages or ts sean spastic performance 28 per Paragraph 16. Seiler will aso be janie to Brones for saa me full amount of ine oroxeragé tee Oo} Buyer Defaur: ir Buyer fais 10 parfonm wit Contract witan the tie speciniid, inclutie xy 187 tTdy Payment of al qeposts, Geller may cnsose 10 reTeh ang CaRect aj Geposts paid and agreeq 1A be paid as nquiasred 188 GAMAGAS OF JO SBR Spectic performance a8 Per Paragraall 16: and Braxer wil, wpon gaemang, recave 50%, of Gl deposits ibd paid Bd agreed 1 De PRIA [IO be SPT equally aMung CCOpHANIg Draksrs} wp TO Ine Rul AN}Ount cf me brokerage jee, 172 18, DISPUTE RESOLUTION: Ths Cersract wil ba constned under Fenda taw. All Comtravergies, Ciaims, sid ether mamas in 171 QuaSUOR DesweeN the PUTAS Braing Out Ot Cr reienng to ts Contact ors areacn wil ne seTtied gs tolows* 7a (a) Risputas concerning enttlement to deposits made and agreed ta he made: Buyer ane Seller wil nave 30 Guys rum 73 In ate conficting Gemangs are made to aNEMps to recive the cSAWAE IOUgh mediation if trap fais, Escrow Agent We will SupMTus INe aispwte, if $o requred by Planes iaw, te Escrow Agente chase of arbitrstian. & Florida cout of the Flerga vs Reaj Borate Cammasion, Buyer ang Seiler vai Pe Rory py Bhy (asumirg SeTeMeNT Or Ofte : ve (b} A omer cismutea: Buyer ana Sailer wil nave 30 cays from ine azte @ dispute 61Ses Aetwaan then te shempy te w77 Fesolve Tne MBE MOugn Mechapun, failing whicn the pahes will esOive IN GSPule UKoUgN (utral PINGING arpiraton 1 Te COunty where ins Property 1S iocatac ‘The aronBtor May Not ater ine Carrtract terms er awaia any remedy run % Fromaea tor in ins Contract The award wil De BASSO cin The greater wasgnt of ine eviaence ENa wall state findings of tect vas BNA 1a Contractual Bvinarty GA which it 18 Bases. If Ne PArLeS agree to Use CiRcavsry. fF wil DE iN accordance witn the wt Fiona Rwies of Civj Proceaure ang ine eiprrator wil t8S0lve all Gcoveryeralataa GBpUTeS Any Spates wih | (ea) Ve estate wcensee NAMOG if Paragragn 18 wig b@ SUDHIR TO ATTEON Only f Ine licensee's oroker consents iN writing to 183 became & pamy ta the pracesaing, This cause wal Survive Cloging. (¢) Magiatian and Arbitration; Eapenses: “Meaguen’ 1s ¢ procass nj when PASE SHOMPL 19 1ezoWe | Aispute by 186 SuRMAtiNg it tO On parual Machator who Tacutares the: resolution of we cispute Pet wid 1 Net eMpoweyad 16 MPORS & >RNISMENT Sn the paries. Mauiation wil RE iN BCCOMGRACE with Ine rules Of Ine American Meaiaton Assacelon er omer Magiatey Byleed on by Ine parties The pastes wat equally divide ine mediation fee, it Bry, “Arpitraton” iS a process in 1o9 whieh the parties resolve & dispute By 8 HewINg Hetofy & Ndulrw parsen wha deciues ie Matter and whose Gecsion 1s 18a Binging OF Ihe parties Arpitration wil pe in accarusrkie with The rues Of Ie Amercen Arcitration association or omer 430 Sadratar agreed On Gy ine AaMeS. Eacn pamy to GM APAALION will pay ita Own Tees, Costs and expenses, MCKAIN atOoMeyS' f68, aNd wil equally spit ine afparators' fees and saminiswetve tees of amuvation. : _G8GROW AGENT AND BROKER 183 17, ESCROW AGENT: Buyer ano Seller auinonza Escrow Agent To receve, Gepost ang neg funds ang over tame in escrow . AAG, SUBJECT [0 clearance, cistyrse them WRON Propar auinorizanen and in accardance win tne terms of tnis Contract, 188 Inciwcung distursing brekarage faaa The Paras agres tnat Escrow Agent wit not be lenis ta Shy Persoh tor msceuvery of la escrowed sams to Buyer or Seller, umess Te msdaivery is que ta Escrow AGENT'S wilful Praacn of toe Contract or grass egligsnce. | Escrow Agent inferpiaads the S.zyect Memer ot ine escrow, Escrow Agent will Pay Ind hing fees ana casts trom ine Gepasit ang wil recover reqecnanis sTromeys’ {aes ana coss2 to Da pad from tha escrowea fungs oF aouiwal cnarged BN swardea 88 Cay Costs in Tavor of in tomers 33 tha prevailing Aary. Ay caus a Facrow Aga #00 (ong as Facrow Agant consents 10 arpitete. pa SENET gam will Re arDmreared, xc SONS GAG aMployase trom ail bask for keee or car Braner anq Broxsr’s officers, cirectors, mage Cased an A Buyers or Sayers MES ATaMeENt OF faire 10 péciorm ler's request, Of ay task hayona Te shone of savces PECOMMENRETON OF prevention of ery wenger; (S) preaucis eNOo Buyer aria Séllar each assume hal fesnonsmity for mA vancers. Ths PIVAgMEN wil Not faeve Broner of statuary abigscons. For Purposes Om oy @ Party to ts Contrast. The paragraph wil sure cosig. <= {__} acknowedge recenpt of a copy of tis page, aioe oe ae a p Py Page, which is Page 3 of 4 Pages, ar Buyer t 3 and Defiar ASBA T Oi586 Fonda As! _- , EXHIBIT__‘T = page go YY UO; ZUUE Ldi co FAL UsayooUss Wususecd pauner nenuail wuupy Dace22-00 37:24 Frow-ARVIDA REALTY SERVICES 9053963635 Talib P0712 F-078 - - NV Ne "AIRBANKS CAPITAL CORP. : . ADDENDUM TO PURCHASE AGREEMENT . ‘This edaendum oftached to Bho Made 8 part of the Offer te Purchase conmact and Receipt for Repose dates fang niPyrohace Agrasrrand, between FAIRRANKS CAPITAL CORP... Sailer and eos Move C646 __iyfayer forthe sate ang purnase of the property utes st ZANT. FLO: 2 i i f tre 1894 MU 81 TERMACE. 2X: ORDA 33147___,_in ne evens of any cafflict beraaen the provisions a Adnendum and the Purchase Agreement, te prvisians of inls Addendum shall cantrat. ci JONS OF PREMBS teretal, Cea eee ages ana Agrees that Geller kas nat mado and hereby specifically disclaims any warranty, Saran, ar rapresentation, ora] or written, pesh present ar funire of, ag 1, ar Consarning (i) The hature, and , i“ cendition, value, or quality of tha property, Including but net by way af limitation. she water, the coll, and geology, and the suitahility thereof and of the propery for any and all activites and wees Which buyer may lect to sandust thereon, (I) The manner, canstrucdon, canditen, quality, the erate of repair or jack of repair at any of the property, iti) Except for any warranties contained In he doed, the NatNte and extent of any tight-ofway, lease, possession, tte 1 oNcUMbrancs, licch se, faservation, COndiian, oF AHeNWiSe, (iv) The sumpliance ef the proporty er te aperarion with any laws, rules, ardinances, ar mgulations of any Rovernmers of othor body, snd (y) The Inweme te be gerived from the property. Buyer hereby eapreely acknewisuges and agress thar buyer hes thoraughly inspected and examined the pcoperty ta the exsent deemed necessary by buyer in order te enable buyer te evaluate the purchose of the property, Biwyer Nereby fumnor acknowladgys and agraas that buyer is retying Solely wren the inspection, examination, and evaluation of the property ky bwyer and trat buyer Is purchasing ihe prepery wn an“ {S° AND WITH ALL FAULTS" paxis and nat on any Information pravided ef wm be provided by caller and buyer Gxpressly acknaWiedges that, in eensideration of the agreemonts of seller herain, seller makes ne warranty of Tapresantation expresy av implied, or arising Dy operation af taw, including, but In no way limited te any warranty of condidon, habltabilfty, merchanublity, or fitness tor @ particular purpase excapt as otherwise specified herain, i is furtner agreed that saller has hor warranted, and dacs nwt hereby warrant tnst the property af any Improvements lacated therean pow or In the future will meet or comply WIth the requirements af any safety code er regulation af the grate of which ths property Is lncated, the aity where the preporty is located, the exunty where the property Is Jocated, of any other authority ar jurisdiction. iris furtner agresa inet senler dees Nor make any represennigcn of waxrenties Tegarding Snvirenmenta) protection, pellwiien, OF }Gn6 woe laws, reguiatians, orders of nequire 1 r Menta, ingiuaing but not limited te sofd wasta es defined in ne Selig Waste Digpoval Ast ane the reguiations @dapigd Mereunder of me U.S, Knvifonmemtal Prowecton Agency reguiniions ar 40 C.PF.R,, Part 231, of the disposal or existence in, an ar emanating from the prapeny, of any hazardous Substance, 34 defined by the camprenensive meawigfions promuigared herewlder, Buyer hotaby ausumes Bi risks and lanhty ang agreas that Beller shan Hot be liable for any apeciay, efect, Indirect, consequential, or ather Camagns resulting of arising from or ¢mating to the ownership, 1st, canuaion, jacation, mayvansnce, repair sy onerspon ofwe property. Buyer further acknawiedges and agnees shat saliar nas owned the Rrapany enly sincs the dale of uch lansfer and 18 notin 8 position ta make any represantotons of nee. eresernatin jn He betula Aaah Soler 's nos able nd heung jn 7, ete by Shy Verbal or writen NENTS, informasion, Ining t= Ine » GF THE erect, fumisned B: re 12 Broker, OZEN, Omployes ar oer parson, Tha provisions a nie sector nau Binet ne coeng. 7 ny reales 2 RIGHT OP INSPECTION In exercising mis Adventur, te 4. SETTLEMENT AS FINAL Hf Buyer chooses net ta Inspect tha prapery ang contents, af Wihe Buyer dees not have for Buyer, aff Buyer coes not infarm Seder of ine Broker in writing of any dafscts hh the wivin the uma specifies, of Buyer Scoprte delivery of the Gesq Bt clogin of ihe prapony and its ficures, Companencs a salisfarka! with fespact therepo, 8 cantar 6 a > ~~ §, ADDITIONAL REQUIREMENTS Ls S < oo LA i g > g D £3: g 3 g Fd & g & 2 ® A Any werk raquirad by FHA or VA, #applcanic, (2 sjpyect ta Salers appraval, ‘ Das-22-00 17:28 EALTY SERVICES : 3055283635 THiS P.UI/I2 | F-OT9 . Ww Ne i ; 1y rapes, except as approved for hem herepy Informant tat Seller wit not grant access ta Tne property fer shy rape : A apove.plospeauve ponent viewing, of AesuRaNty by Buyer, prise ta ine Close of easrow. c. Buyer 3a avelte andi fume? Agreed, What ine Complaiion af this mmnsaction and saws of secrow is NOT CONTINGENT UPON any Subsequent walk mraugn inspacinne py the Ruysr, ly Cancel ms sale ig herwpy nfarmed and agreas Wer Faspancs Capital Cop. reseyves thé right i unilateral n fine payer aves nat uly execs all instfuctions, and isan wecuments by the agreed upon Close of Escrow Dates qasigirated in the Purenase Contact. DBTAIN FINANCING Buyer areas glans application far Po francing nesasary at " edd Bios pa na Agee fale ne a me eigni io Pufonase Agronment. No ‘LS dayE ira MTShase t fo ae bean mene SoMMAMany Seva from The puyers iandarts) if a sammtment or ppravat is not ehtined within The time opesified shove, mis agreoment aha lerminate unlesa an extanecn of ime for tis pyrpase is Mmubaily |gre|s to in WTitiNg. : a GLOSING et extongian must Re proappraved Sellet shall be entisied ta 3 8. TLS A. Buyer aumenzes Scher to order Wie for ina Propeny traugn First Amencan Tile. Wnless prenipited py Jaw, Sailer shall be resporainia ya pay 60% while Huger wilt be raxponsite to pay 40% pf a) search, pramium ad clasing charges requitea by First American Tite a ciesing. Muycr futher agrees qret Frat American Tine shel handle tne closing of thia ransasian fer Sattar, and Buyer shall copperare with Firss American Title 16 faciisate and complete na sale of ine Propany. 8. The Tite Policy ta pe furnisnad to Buyer analt insure Buyer's Wie lo Ihe Property 12 9e good ard mdefeacole sublect only 18 (1) fesiretive covenants affecting the Property: (2) discrepancies, confess and shomages in area or boundary tines, Of diny ENcraschments a” any cverlapping of impravarnenis: (2) taxes of the Current and evhaequent years and SutUBQUEN! BesResmants for priot years que to charge in land usaga or Q@wnetsnips (4) exiaung buvding aNd zaning Ordinances: (5) liens srpRted oF BsauMeN ag Sacumby Ki the Purchase Price; (8) uitity easemants commen wa me planed Suhdivision af wnich ie Propeny is Part, (7) reservatiana or other exceptang permities by tna terme of sia Agreement Feithanks Capital Carp. will pravige the &. Buyer with any pre ferecmayre ye commitments, peycies or abstracts ony fF Fairnanks Capital Corp. nag tiem avalaois. " ; D. Tide wil be Dansterred by means af a Special Warranty Read umiess otherwise specified, Si. In New York State, the buyer wil pay all ranster taxes ta affectwale thls sala. F. Ifa bona fide derermination Is made that tie is net minkerapie Sener May. at Iks Onion, enher cure such unmarketabilay or tenaar such fio seis, In the overt trai Soler siscay te wander such ie as tc, Purchaser may, Bt 2s OPTION, aithar acpeps Or reject Game. in the evant of such rajecian oF tf Geller js unable to acquye tte, this Conwact snail bw null end vold, ano be arr pinegies anak De retumed ta Furchaser. in ahy avert, na right 9 eamages or cpesific peformonce snail neregy 3 . §. LEAD-BASED PAINT INGPECTIONI Thi apples anty # ihe Pri was Dui $9 1878 ang is nor exe irom the pravislens af ne Rasidendal Lead-Paaca Paint ee Reo in oct ot Yea2 (ie Uo. 4050) and reguations PromuUlgates Pursuant Merets. (Check if appileanie}: : Q (8) Anashed we mis Conmract ant made ap 3 Acknowisagement Leac-Rased Pain and/or Lead-Bases Paint Hazaras.” : ¥ (5) Nowthetensing any ener pravigian of tis Convart ta the Sontrery, - Whi Contract ix fully petfied ta canquer, at Purchaser's sole cast ad Propeny for the prevance of Yead-baasa paint" Sor “lna-pased pi LBP Beliciency’), and ta fumish § copy of the sesesement a7 inepertion, We eShons caked for in ter or f Sai Daly Purcnaser of Sanere ingens within he Seiler Respanss Pen rene pt ona tris Contract by whtten novee fa Seller with five (4) says ener me | ExHipit__‘T - page 82 UE UE 2002 Lditd FAR 3055985655 Coidjvell Bunker Kendall oir Dec-22-00 17:26 — Fraw-ARVIDA REALTY SERVICES 3055083635 THAIS PLZZ FAOTS . . oS CQ @ Purchaser waive a8 right ta Sonsuct @ nak assessment or inspection of tie presenes of lead-based paint andar joed- . bated paint hazards. 10. ASSIGNMENTS: The buyer wil] aot assign, nominate or orharwise Wansfer any rights, tile of interest in this agreement without the prior written sonsent of the Seller prinr to the clase of eacrow. Li. GASH TO GLOGE: This contract fs VOID Wacher & required to remit additional cash ta clogs tats transaction. B Broker Date bietvig Broxar Dele —_! pace $3 General Case Information Case Number |200002474 Unsafe Structures Team Metro Address 1894 NW 81 TERR Folio Number [30-31 10-057-0711 ‘| W LITTLE RIVER REV, PB 34-19 W135.49FT OF NI/2 TR 8 LESS E67FT LOT SIZE 68.490 X 88 OR 20218-0755 0202 36 | Legal Description Case Opened On Case Closed On |Deputy Clerk /Jemence Scemungal _| 12/26/1999 7/49/2002 Inspector Spencer Errickson Snterested | Parties FEDERAL NATIONAL MORTGAGE CORP. Owner | [% SHAPIRO & FISHMAN Information [1166 W NEWPORT CENTER DR #310 DEERFIELD BEACH, FL 33442 ——— 11/25/2002: RECORDED CANCELLATIONS MAILED Additional OUT.(TM)07/19/2002: BUILDING DEMOLISHED BY Comments COUNTY CONTRACTOR AND CASE CLOSED ON }07/19/2002.(TM) Structure Information IDjDescription Action [ComplianceAction|Comments was found open, vacant and abandoned with interior and exterior damages to the doors, I Stories ind floor A IcBs DEMOLISH Windows, Moot DWELLING structures, walls and trim cabincls. There was also additional damage | to the plumbing fixtures : and clectrical system. Microsoft OLE DB Provider for SQL sever EXHIB Bere /O PAGE Sk TA. DLAINT Invalid column name ‘code’. — a frec jion/CaseView.asp, line 173 _ aa , oN, 10 http://www.co.miami-dade. fl.us/regulation/ CaseView.asp 12/20/2002

Docket for Case No: 04-001445PL

Issue Date	Proceedings
Jan. 12, 2005	THIRD DISTRICT COURT ORDER: Petition for Writ of Prohibition is denied on the merits filed.
Dec. 16, 2004	Appendix to Petitioner`s Petition for Writ of Prohibition (filed in the Third District Court of Appeal).
Dec. 16, 2004	Petition for Writ of Prohibition (filed in the Third District Court of Appeal).
Dec. 16, 2004	Order from the Third District Court of Appeal regarding writ of prohibition filed.
Dec. 16, 2004	DCA Acknowledgement of new case; DCA Case No. 3D04-3117.
Jul. 27, 2004	Memorandum in Support of Petitioner`s Motion to Relinquish Jurisdiction (filed by Petitioner via facsimile).
Jul. 26, 2004	Order Granting Motion to Relinquish Jurisdiction, Canceling Final Hearing, and Order Closing File. CASE CLOSED.
Jul. 22, 2004	Clive Wellman and Manuel Rodriquez`s Joint Objection and Motion in Opposition to Petitioner`s Motion to Relinquish Jurisdiction (filed via facsimile).
Jul. 15, 2004	Petitioner`s Motion to Relinquish Jurisdiction (filed via facsimile).
Jul. 07, 2004	Notice of Substitution of Counsel (filed by A. Parsons via facsimile).
Jun. 03, 2004	Manuel A. Rodriguez`s Objection to Petitioner`s Request for Admissions (filed via facsimile).
Jun. 03, 2004	Clive Wellman`s Objection to Petitioner`s Request for Admissions (filed via facsimile).
Jun. 03, 2004	Petitioner`s Response to Respondents` Interrogatories (filed via facsimile).
Jun. 03, 2004	Petitioner`s Response to Respondents` Request for Production (filed via facsimile).
Jun. 03, 2004	Order Granting Continuance and Re-scheduling Hearing (hearing set for August 5 and 6, 2004; 9:30 a.m.; Miami, FL).
Jun. 02, 2004	Motion to Compel Responses to Interrogatories and Request for Production and Motion for Sanctions (2) (filed by Respondent via facsimile)
May 13, 2004	Motion for Brief Continuance (filed by S. Ellsworth via facsimile).
May 03, 2004	Order of Pre-hearing Instructions.
May 03, 2004	Notice of Hearing (hearing set for June 24 and 25, 2004; 9:30 a.m.; Miami, FL).
Apr. 30, 2004	Petitioner`s First Interrogatories to Respondent Manuel A. Rodriguez (filed via facsimile).
Apr. 30, 2004	Petitioner`s First Interrogatories to Respondent Clive R. Wellman (filed via facsimile).
Apr. 30, 2004	Petitioner`s First Request for Admissions filed via facsimile.
Apr. 30, 2004	Petitioner`s Notice of Service and filing of Petitioner`s First Request for Interrogatories filed via facsimile.
Apr. 30, 2004	Petitioner`s Notice of Service and Filing of Petitioner`s First Request for Admissions filed via facsimile.
Apr. 29, 2004	Respondent Manuel A. Rodriguez`s Unilateral Response to Initial Order (filed via facsimile).
Apr. 29, 2004	Respondent Clive Wellman`s Unilateral Response to Initial Order (filed via facsimile).
Apr. 29, 2004	Unilateral Response to Initial Order (filed by Petitioner via facsimile).
Apr. 22, 2004	Clive R. Wellman`s Request for Formal Hearing filed.
Apr. 22, 2004	Manuel A. Rodriguez`s Request for Formal Hearing filed.
Apr. 22, 2004	Administrative Complaint filed.
Apr. 22, 2004	Agency referral filed.
Apr. 22, 2004	Initial Order.