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Home My WebLink AboutNewman, Larry L. & Eleanor D. - Warranty Deed & Supporting Documents (120 N Flamingo Avenue) - 2021 07 19 A. U.S.DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT B. TYPE OF LOAN SETTLEMENT STATEMENT Omega National Title Agency,LLC ' ❑FHA z. E]r Mn^ s. E]COW uN1Ns. 225 South Westmonte Drive,Suite 2050 Altamonte Springs,Florida 32714 a. vn s. 1:1 COW rNs. ❑ 321-207-0465 fax:321-207-0466 6.Fik Number: 7.Loan Number. -0 4 9_ .pb-Case No.: C.NOTE: This form is furnished to give yon a statement of actual settlement costs.Amounts paid to and by the settlement agent are shown.Items marked tooc,were/paid outside the clash({. Thev are shown here for informational purposes and are not included in the totals. City of Winter Springs,a Florida Municipal Corporation D.Buyer: 1126 East State Road 434 Winter Sprines_Florida 32708 Larry L.Newman,individually and as Trustee of the Lary L.Newman Family Living Trust Dated February 7th 1994 and Eleanor D. E.Seller: Newman,individually and as P O Box 785 Trustee of the Larry L.Newman Sunbury,Pennsylvania 17801 Family Living Trust Dated February 7th 1994 P.O.Box 785 Sunbury_Pennsylvania 17.80_1 F.Lender: CASH 120 N Flamingo Avenue G.Property: Winter Springs,Seminole County,Florida 32708 Lot 8_Block 16,NORTH ORLANDO,Book 12,Page 10 and 11.Seminole County Florida H.Settlement Agent: Omega National Title Agency,LLC Place of Settlement: 225 South Westmonte Drive,Suite 2050 Altamonte Sorin+os.Florida 32714 Seminole Count_ I.Settlement Date: Jubi 19 2021 J. Summary of Buyer's Transaction V- Summary of Seller's Transaction 100.Gross Amount Due From Bu•er: 400.Gross Amount Due To Seller: 101. Contract Sales Price 125-000.00 401. Contract Sales Price 125 000.00 102, Personal Pro erns 402. Personal Pro ierry 103. Settlement Char,es to Buyer[line 14001 12 667.50 403. Adjustments for Items Paid by Seller in Advance: Adjustments for Items Paid b•Seller in Advance: 106. Citv/Town Taxes 406. Ci /Town Taxes 107. County/Parish Taxes 407. County/Parish Taxes 108. Assessments 408. Assessments 120. Gross Amount Due from Buyer: 137 667.50 420. Gross Amount Due to Seller: 125 000.00 200. Amounts Paid by or in Behalf of Buser: 500. Reductions in Amount Due to Seller: 201. De sit/Earnest Monff. 5.000.00 501. Excess Deposit see instructions 202. Principal Amount of New Loan 502. Settlement Char es to Seller Line 1400 1-831.09 203. Existin Loans 503. Existine Loan(s) 204. 504. Pa off f Fir Mo 205. 505. Payoff of Second Mortgai4e 206. 506. Purchase Money MortpMe Adjustments for Items Unpaid by Seller: Adjustments for Items Unpaid b•Seller: 210. Citv/Town Taxes 510. Citv/Town Taxes 211. County/Parish Taxes Jan 1,2021 thru Jul 18, 914.89 511. County/Parish Taxes Jan 1,2021 thru Jul 18, 914.89 2021 2021 212. Assessments 512. Assessments 220. Total Paid b•/for Buyer: 5,914.89 520. Total Reductions in Amount Due Seller; 2,745.98 300. Cash at Settlement from/to Buyer: 600. Cash at Settlement to/from Seller: 301. Gross Amount due from Butner I'line 120 i 137.667.50 601. Gross Amount due to Seller(line 420) 125 000.00 302. Less Amount Paid by/for Buyer(line 220) 5,914.89 602. Less Reductions Amount due Seller(line 2,745.98 520'( 303. Cash From Buyer: $131,752.61 603. Cash To Seller: $122,254.02 HUD-1 May 2007 July 19,20214:19 PM Settlement Date:July 19,2021 File Number:21-0243JY L. Settlement Charges 700. Total Sales/Broker's Commission: Paid from Paid from Based on Price $125,000.00 is$6,250.00 Buyer's Seller's Division of Commission as follows Funds at Funds at 701 Settlement Settlement 702 6 250.00 m NAI Reaivest 703. Commission Paid at Settlement 6,250.00 _ 800. Items Pa able in Connection with Loan: 801. Loan Ori ination Fee 802. Loan Discount 803. Appraisal Fee 804. Credit Re tort 805. Lender's Inspection Fee 806. Mortgage Insurance A lication Fee 807. Assumption Fee 900. Items R uired by Lender to be Paid in Advance; 901. Daily interest charpe from Jul 19 2021 902. Mortgage Insurance Premium 903. Hazard Insurance Premium 904. Flood Insurance Premium 1000. Reserves Deposited with Lender: 1001. Hazard Insurance 1002. Mortgage Insurance 1003. Cion Pro.en.Taxes 1004, Counly Pnertv Taxes _ 1005. Annual Assessments _ 1100. Title Charges: 1101. Settlement or Closing Fee to Ome a National Title Agency,LLC 595.00 495.00 1102. Abstract or Title Search to NationalConsumerTitlelnsuranceCom an 85.00 1103 Title Fxamination _ 1104. Title Insurance Binder 1105. Document Preparation 1106. NotatN Fees 1107. Attorney Fees includes above item numbers: 1108. Title Insurance to Omega National Title Agency,LLC 700.00 +includes above item numbers: 1109. Lender's Coverage 0.00 1110. Owner's Coverage 125,000.00 Risk Rate $700.00 Premium: 1200. Government Recordinp and Transfer Charges: 1201. Recording Fees: Deed 18.50 Mortgne 0.00 Releases 0.00 18.50 1202. Cily/Coun Tax/Stamps: Deed 0.00 Morta e 0.00 _ 1203. State Tax/Stam s: Deed 875.00 Morta e 0.00 875.00 1204. Intangible Tax to Clerk of the Circuit Court 1205. Trust Affidavit to Sim.lifile 18.50 1206. E-Recordine Fee 19.00 1300. Additionxi Settlement Cha es: _ 1301. Reimbursement of Escrow Des it to Partyka Group 5-000.00 1302. Pest Inspection 1303. Municipal Lien Search Fee to Pronloizix 190.00 1304. Utilities to City of Winter Springs 252.59 1400. Total Settlement Charges(Enter on line 103,Section J and line 502,Section K) $12,667.50 $1,831.09 I have carefiilly reviewed the HUD-1 Settlement Statement and to the best of my knowledge and behef,it is a true and accurate statement of all receipts and disbursements made on my account or by me i4Nic'ipal saction. I further certify that I have received a copy of HUD-1 Settlement Statement. Omega National Title Agency,LLC City of Wi rin ,a FloriCorporation Buyer: 04A Seller: Larry L.Newman,individually and as Trustee of the Larry L. Shawn Boyle,Authorized 5 or Newman Family Living Trust Dated February 7th 1994 Seller: Eleanor D.Newman,individually and as Trustee of the Larry L. Newman Family Living Trust Dated February 7th 1994 The HUD-1 Settlement Statement which I have prepared is a true and accurate account of this transaction. I have caused or will cause the funds to be disbursed in accordance with the instructions of the parties hereto. Settlement Agent: Date: July 19,2021 Jillian Crouse WARNING: It is a crime to knowingly make false statements to the United States on this or any other similar form.Penalties upon conviction can include a fine and imprisonment. For details see Title 18 U.S.Code Section 1001 and Section 1010. HUD-1 May 2007 July 19,20214:19 PM Prepared By:Omega National Title Agency,LLC Omega National Title Agency,LLC 225 South Westmonte Drive,Suite 2050 Altamonte Springs,Florida 32714 incidental to the issuance of a title insurance policy. File Number:21-0243JY Parcel ID#:34-20-30-507-1600-0080 VESTING DIRECTIVE In reference to Contract dated between Buyer(s)City of Winter Springs, a Florida Municipal Corporation and Seller(s)Larry L.Newman, individually and as Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994 and Eleanor D.Newman, individually and as Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994 for the purchase of the property commonly identified as 120 N Flamingo Avenue,Winter Springs,Florida 32708,Buyer(s)acknowledge(s)and direct(s)title to the property be vested as below: City of Winter Springs, a Florida Municipal Corporation By execution hereof,Buyer(s)affirms Uwe had time and opportunity to investigate and/or consult with legal, estate,and/or tax advisors as to the effect and potential ramifications of taking ownership of the property in such a manner, and on behalf of myself/ourselves,heirs, successors or assigns,jointly or severally, states Uwe rely solely on my/our own judgment,and shall indemnify and hold Omega National Title Agency,LLC, its underwriters,agents, employees, successors or assigns,harmless from all liability in connection therewith. City of Winter Springs,a Flor' a Municipal Corporation Date signed: -711 el�2 DZ TAKING TITLE TO REAL PROPERTY IN FLORIDA THE FOLLOWING INFORMATION IS PREPARED FOR YOUR GENERAL GUIDANCE AND IS NOT INTENDED TO COVER ALL OF THE POSSIBLE CONDITIONS THAT MIGHT APPLY TO AN INDIVIDUAL CASE. IF THERE IS ANY DOUBT AS TO HOW YOU WISH TO TAKE TITLE TO YOUR FLORIDA REAL ESTATE AFTER READING THE FOLLOWING, PLEASE CONSULT YOUR ATTORNEY. There are various designations by which you may elect to take title to your Florida property. Please remember that laws of the State of Florida will govern your title no matter where you may presently live. You should give careful consideration to the exact manner in which you wish to take title, because in the event of your death, the rights of your spouse, children and other heirs will depend on how your deed is prepared now. The following paragraphs represent some of the basic ways in which title may be taken. A. You may wish to take title individually in your name alone. B. You may wish the deed to be issued to two or more persons in which case there are 3 basic alternatives under Florida law. 1. HUSBAND AND WIFE. A deed to a husband and wife creates what is known under Florida law as a Tenancy by the Entireties. This means that both spouses are owners of the property during their respective lifetimes. Upon the death of either spouse, the survivor automatically acquires full title to the property. This feature is known as a"Right of Survivorship". 2. JOINT TENANTS WITH FULL RIGHTS OF SURVIVORSHIP. This designation is similar to a Tenancy by the Entireties as outlined above, except that the joint tenants are not husband and wife, and there may be 2,3 or even more such joint tenants who desire to have mutual rights of survivorship. Each is a co-owner of the entire property and has the same automatic right of survivorship as a Tenancy by the Entireties. Thus, if a deed runs to A and B under this designation, then on A's death, B will automatically become the sole owner of the property and the reverse is also true. 3. TENANTS IN COMMON. Where two or more persons take title as Tenants in Common each has an undivided interest in the property. Each can hold an undivided one-half interest or some different percentage. The distinguishing feature in the Tenancy in Common is that there is no right of survivorship upon the death of one of the co-tenants. Thus, if A and B take title as tenants in Common,upon A's death,his share of the property goes to his heirs or to whomever he designates in his Will. B continues to own only his undivided share in the property which passes to his assigns,heirs and to such other persons as designated in his Will. Omega National Title Agency,LLC Privacy Statement Effective Date: 5/7/2014 Omega Title,LLC respects the privacy and security of your non-public personal information ("Personal Information")and protecting your Personal Information is one of our top priorities. This Privacy Statement explains Omega National Title's privacy practices, including how we use the Personal Information we receive from you and from other specified sources,and to whom it may be disclosed. Omega Title follows the privacy practices described in this Privacy Statement and,depending on the business performed, Omega Title may share information as described herein. Personal Information Collected We may collect Personal Information about you from the following sources: • Information we receive from you on applications or other forms, such as your name, address, social security number,tax identification number,asset information, and income information; • Information we receive from you through our Internet websites, such as your name, address,email address,Internet Protocol address,the website links you used to get to our websites, and your activity while using or reviewing our websites; • Information about your transactions with or services performed by us,our affiliates,or other, such as information concerning your policy,premiums,payment history, information about your home or other real property, information from lenders and other third parties involved in such transaction,account balances, and credit card information; and • Information we receive from consumer or other reporting agencies and publicly recorded documents. Disclosure of Personal Information We may provide your Personal Information(excluding information we receive from consumer or other credit reporting agencies)to various individuals and companies,as permitted by law, without obtaining your prior authorization. Such laws do not allow consumers to restrict these disclosures.Disclosures may include,without limitation,the following: • To insurance agents,brokers,representatives, support organizations, or others to provide you with services you have requested,and to enable us to detect or prevent criminal activity,fraud,material misrepresentation,or nondisclosure in connection with an insurance transaction; • To third-party contractors or service providers for the purpose of determining your eligibility for an insurance benefit or payment and/or providing you with services you have requested; • To an insurance regulatory authority,or a law enforcement or other governmental authority,in a civil action, in connection with a subpoena or a governmental investigation; • To companies that perform marketing services on our behalf or to other financial institutions with which we have joint marketing agreements;and/or • To lenders, lien holders,judgment creditors,or other parties claiming an encumbrance or an interest in title whose claim or interest must be determined,settled,paid or released prior to title or escrow closing. We may also disclose your Personal Information to others when we believe, in good faith,that such disclosure is reasonably necessary to comply with the law or to protect the safety of our customers,employees,or property and/or to comply with a judicial proceeding, court order or legal process. Disclosure to Affiliated ComPanics—We are permitted by law to share your name, address and facts about your transaction with other Agency companies,such as insurance companies, agents, and other real estate service providers to provide you with services you have requested, for marketing or product development research, or to market products or services to you. We do not, however,disclose information we collect from consumer or credit reporting agencies with our affiliates or others without your consent, in conformity with applicable law,unless such disclosure is otherwise permitted by law. Disclosure to Nonaffiliated Third Parties—We do not disclose Personal Information about our customers or former customers to nonaffiliated third parties,except as outlined herein or as otherwise permitted by law. Confidentiality and Security of Personal Information/Requests for Correction, amendment,or Deletion of Personal Information As required by applicable law,we will afford you the right to access your Personal Information, under certain circumstances to find out to whom your Personal Information has been disclosed, and request correction or deletion of your Personal Information.However,Omega National Title's current policy is to maintain customers' Personal Information for no less than our state's required record retention requirements for the purpose of handling,future coverage claims. For your protection,all requests made under this section must be in writing and must include our notarized signature to establish your identity. Where permitted by law,we may charge a reasonable fee to cover the costs incurred in responding to such requests.Please send requests to: Omega National Title Agency,LLC 225 S.Westmonte Drive Ste 41110 Altamonte Springs,FL 32714 P: (321)207-0465/F: (321)207-0466 Changes to this Privacy Statement This Privacy Statement may be amended from time to time consistent with applicable privacy laws. The effective date of this Privacy Statement, as stated above,indicates that last time this Privacy Statement was revised or materially changed. Buyer: City of W4Spiorida Municipal Corporation Seller: Larry L.Newman,individually and as Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994 Eleanor D.Newman,individually and as Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994 1 Omega National Title Agency,LLC Lien Search Disclosure—Buyer As a courtesy,Omega Title, LLC. has provided a Lien Search with regard to the following described property: Lot 8, Block 16, NORTH ORLANDO,according to the plat thereof recorded in Plat Book 12, Page(s) 10 and 11,of the Public Records of Seminole County, Florida. Omega Title Group, LLC does not warrant the validity of the contents. The Buyer(s) understand Omega Title, LLC.does not make any determinations on the insurability of title due to permitting,code violations,city ordinances or zoning. Permitting,code violations,city ordinances and zoning are not covered under the terms of the title insurance policy. Buyer(s)further agree any permitting,code violations,city ordinances or zoning issues will be settled between the parties and not as part of the closing with Omega Title, LLC. This disclosure is given for the purpose of inducing Omega Title, LLC"entity")to issue title insurance on the subject property with the knowledge said entityt are relying upon the statements set forth herein. Buyer(s) hereby hold Omega Title, LLC harmless and fully indemnifies same (including but not limited to Attorney's fees, whether suit be brought or not,and at trial and all appellate levels,and court costs and other litigation expenses)with respect t he matters set forth herein. �Z I City of Winter pring a Florida Municipal Corporation SURVEY RELEASE RE: Our File# 21-0243JY Property Address: 120 N Flamingo Avenue, Winter Springs, Florida 32708 City of Winter Springs, a Florida Municipal Corporation,the undersigned buyers in the closing held by Omega National Title Agency, LLC on the property described as follows: Lot 8,Block 16,NORTH ORLANDO, according to the plat thereof recorded in Plat Book 12, Page(s) 10 and 11, of the Public Records of Seminole County, Florida. Commonly known as: 120 N Flamingo Avenue, Winter Springs,Florida 32708 Do hereby state that we have elected to close without a survey on the property. We hereby release Omega National Title Agency, LLC Partyka Group Garganese,Weiss, D'Agresta& Salzman, P.A. of any liability or expense as a result of not having said survey at the time of closing and shall forever hold them harmless. Dated this July 19,2021. City of Winter SpringsFl ida Municipal Corporation 2 Shawn Boyle Its Authorized Si o Hold Harmless-No Survey DIRECTIVE RE: Our File Number: 21-0243JY Property Address: 120 N Flamingo Avenue,Winter Springs,Florida 32708 WE,the undersigned, hereby DIRECT Omega National Title Agency,LLC as to the following: The undersigned,sellers,hereby certify that there are no mandatory homeowners association dues on the above property. If there are said dues,they will be handled outside the closing between the buyers and sellers and not through Omega National Title Agency,LLC. WE FURTHER CERTIFY that we will forever hold harmless Omega National Title Agency,LLC, as to any recourse to the above,together with all costs including attorney fees. Dated: July 19,2021. 67 - - 16 - City of Winter Sp ng ,a Florida -Buyer Larry L.Newman,individually and -Seller Municipal Corpo ation as Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994 Eleanor D.Newman,individually -Seller and as Trustee of the Larry L. Newman Family Living Trust Dated February 7th 1994 Hold Harmless-No HOA Dues Settlement Agent: Omega National Title Agency,LLC Title No.:21-0243JY Transaction Information: Address of Property being Purchased or Refinanced: 120 N Flamingo Avenue,Winter Springs,Florida 32708 Seller(if applicable):Larry L.Newman,individually and as Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994 and Eleanor D.Newman,individually and as Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994 Buyer/Borrower:City of Winter Springs,a Florida Municipal Corporation Lender(if applicable):CASH GAP INDEMNITY AND UNDERTAKING REGARDING CORONAVIRUS PANDEMIC RECORDING DELAYS (BUYER/BORROWER) DISCLOSURE In connection with the real estate transaction referenced above, Buyer/Borrower has been informed by Settlement Agent and Omega National Title Agency,LLC("Company")of the following circumstances: A. In response to the coronavirus pandemic, the recorder's office for the county in which the Property is located has closed or significantly reduced services or may do so prior to recordation of the deed and/or mortgage prepared for the real estate transaction described above. B. This closure or service reduction may cause a delay in recording the deed and/or mortgage in the official records. C. Settlement Agent cannot provide an estimate as to the date it will be able to record the deed and/or mortgage in the official records, whether in person or by electronic means. D. Among other potential consequences, Buyer/Borrower may not be able to refinance or sell the Property, obtain building permits, or demonstrate recorded ownership of and legal title to the Property until the deed is recorded in the official records. INDEMNITY AND UNDERTAKING NOW THEREFORE, in consideration of the issuance of the title insurance policy and other good and valuable consideration,the sufficiency and receipt of which is hereby acknowledged,Buyer/Borrower hereby: 1. Instructs Settlement Agent to proceed with closing the transaction. 2. Agrees that if Buyer/Borrower is executing a mortgage on the Property in connection with the transaction to be insured by the Company,to: a. neither create, permit or authorize any action following settlement that could result in an encumbrance on the title ("Encumbrance"), including, without limitation, any home equity loan, mortgage, lien, notice of commencement, lease, easement or deed prior to recordation of the mortgage and hereby further agrees to hold harmless and indemnify Settlement Agent and the Company against any and all loss, damage, expenses, costs and attorneys' fees which either may suffer by reason of the Encumbrance;and b. cooperate fully with the Settlement Agent and the Company to satisfy, remove, subordinate or otherwise eliminate any Encumbrance created, permitted or authorized by the Buyer/Borrower that affects or impairs the validity, priority or enforceability of the mortgage(s) executed by the Buyer/Borrower and insured by the Company as part of the transaction referenced above. 3. In lieu of an original written signature the facsimile or the electronically transmitted signature on this document will constitute a valid original signature to this document and can be relied upon for enforcement purposes. Executed this 19th day of July,2021. Buyer/Borrower Buyer/Borrower COMPLIANCE AND TAX PRORATION AGREEMENT DATE:7/19/21 RE:FILE #:21-0243JY SELLERS:Larry L.Newman,individually and as Trustee of the Lary L.Newman Family Living Trust Dated February 7th 1994 and Eleanor D.Newman,individually and as Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994 BUYERS:City of Winter Springs,a Florida Municipal Corporation LEGAL DESCRIPTION:Lot 8,Block 16,NORTH ORLANDO,Book 12,Page 10 and 11,Seminole County, Florida CLOSING AGENT:Omega National Title Agency,LLC We,the undersigned Seller(s)and Buyers(s)of the above captioned property,hereby acknowledge that the following are conditions regarding the transfer of the above captioned property: 1. That all contingencies set forth in the Contract of Sale have been complied with: 2. That the proration of taxes as shown by the closing statement on this date has been made on the basis of. X Taxes for the previous year,based on$1678.07,and assuming the same exemptions to be allowable for the current year;or An estimate of current year's tax,based on the latest information with regard to current millage, assessed valuation and exemption allowed,$1678.07,estimate for the year 2021. No tax proration has been made. Taxes for the current year,based on$1678.07,and assuming the same exemptions to be allowable 3. That it is understood by the Buyer(s)and Seller(s)with respect to tax proration,that the following shall apply: X Both parties have accepted such proration as a final determination of liability for taxes between the parties; or; When current year's tax bills are available,the parties will make such further adjustments as might be necessary. This adjustment will be made directly between the parties and not through Omega National Title Agency,LLC The parties will make further adjustments as might be necessary. This adjustment will be made directly between the parties and not through Omega National Title Agency,LLC 4. That all utility bills(unrecorded assessments and association dues,if applicable),including but not limited to water,sewer,gas,garbage and electric are the responsibility of the parties involved in this transaction and not that of the closing agent. All matters in regards to utility bills(unrecorded assessments and association dues will be handled outside of closing even if such matters appear on the closing statement. 5. That each party will fully cooperate to adjust for clerical errors on any or all closing documentation,if necessary. 6. Seller(s)acknowledges that the payoff statements received by Omega National Title Agency,LLC from current mortgagees may be subject to said mortgagee's final audit after receipt of the payoff funds resulting in a demand by said mortgagees for additional funds. Seller(s),upon request,agree to forward said funds forthwith. 7. This shall confirm the undersigned's consent,as per Rule 4-21.010(3)of the Florida Administrative Code,to the placement of the settlement funds for the above referenced transaction into an interest bearing escrow account in the name of Omega National Title Agency,LLC and r confirm that the interest earned on such account will be the property of Omega Nationa the Agen LLC. Larry L.Newman,individually and as -seuer City of Winter Spr- s,a Florida Trustee of the Larry L.Newman Family Municipal Cor of m Living Trust Dated February 7th 1994 Compliance and Real Estate Tax Proration Agreement Closers'Choice Eleanor D.Newman,individually and as -seller Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994 Compliance and Real Estate Tax Proration Agreement Closers'Choice COMPLIANCE AGREEMENT File No.. 21-0243JY State of: Florida County of. Seminole Borrower(s): City of Winter Springs,a Florida Municipal Corporation Lender: CASH Loan Number: Property Address: 120 N Flamingo Avenue,Winter Springs,Florida 32708 The undersigned, for and in consideration of the above referenced Lender this date funding the closing of this loan agrees, if requested by Lender, or Closing Agent for Lender,to fully cooperate and adjust for clerical errors, any or all loan closing documentation deemed necessary or desirable in the reasonable discretion of Lender to enable Lender to sell, convey, seek guaranty or market said loan to any entity including but not limited to an investor, Federal National Mortgage Association, Federal Home Loan Mortgage Corporation, Federal Housing Authority or the Veterans Administration. The undersigned do hereby so agree and covenant in order to assure that this loan documentation executed this date will conform and be acceptable in the market place in the instance of transfer, sale or conveyance by Lender of its interest in and to said loan documentation. DATED: July 19,2021 f -Witness City of Winter Spr' ,a Florida Municipal Buyer Corporation -Witness -Buyer Compliance Agreement-Buyers AFFII.IATED BUSINESS ARRANGEMENT DISCLOSURE NOTICE Buyer: City of Winter Springs,a Florida Municipal Corporation Property: 120 N Flamingo Avenue, Winter Springs,Florida 32708 Dated: 07/19/2021 Branch: Omega National Title Agency,LLC 225 South Westmonte Drive,Suite 2050 Altamonte Springs,Florida 32714 This is to give you notice that your title insurance agency, OMEGA NATIONAL TITLE AGENCY, LLC. ("ONTA") has indirect owners who also have an indirect ownership of NATIONAL CONSUMER TITLE INSURANCE COMPANY("NCTIC"),one of the title insurance underwriters on whose behalf ONTA issues title insurance policies. Accordingly,ONTA may select NCTIC as the underwriter for the title insurance policy it issues to you. Because of this indirect common ownership of ONTA and NCTIC,those with this indirect common ownership will benefit if NCTIC is selected as the underwriter for your title insurance policy. You are NOT required to have NCTIC as the underwriter for your title insurance policy as a condition for the financing of your purchase,your refinance,or any other transaction related to the subject property and are free to select a different underwriter for whom ONTA is an agent. THERE ARE OTHER TITLE INSURANCE UNDERWRITERS AVAILABLE FOR WHOM ONTA IS AN AGENT,WHO HAVE SIMILAR SERVICES TO NCTIC. YOU ARE FREE TO SHOP AROUND TO DETERMINE THAT YOU WILL RECEIVE THE BEST SERVICES AND THE BEST RATE FOR THESE SERVICES. ACKNOWLEDGEMENT I/We have read this disclosure form and understand that my/our title insurance agency may refer me/us to the above-identified title insurance policy underwriter and some of the indirect owners of this agency may receive a financial or other benefit as the result of this referral. Uwe approve the selection of this underwriter. 7X9 /Vhtness City of Winter pr gs,a Florida Municipal Corporation 2750 Chancellorsville Drive,Tallahassee,Florida (850)907-3605 Prepared by: Jillian,Crouse Omega National Title Agency,LLC 225 South Westtnonte Drive, Suite 2050 Attamonte Springs,Florida 32714 File Number: 21-0243JY General Warranty Deed Made this July 19, 2021 A.D. By Larry L. 'Newman, individually and as Trustee of the Larry L. Newman Fandly Living Trust Dated February 7th 1994 and Eleanor D.Newman, individually and as Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994, P.O. Box 785, Sunbury, Pennsylvania 17801, hereinafter called the grantor,to City of Winter Springs, a Florida Municipal Corporation,whose post office address is: 1126 East State Road 434, Winter Springs,Florida 32708,hereinafter called the grantee: (Whenever used herein the term"grantor" and "grantee" include all the parties to this instrument and the heirs, legal representatives and assigns of individuals, and the successors and.assigns of corporations) 1 Witnesseth,that the gtantor,for and in consideration of the surra of Ten Dollars, ($10.00) and other valuable considerations,receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens,remises,releases,conveys and j confirms unto the grantee, all that certain land situate in Seminole CoLinty,Florida,viz: 1 i a Lot 8,Block 16,NORTH ORLANDO, according to the plat thereof recorded in Plat Book .1.2,Page(s) 1.0 and 11, of the Public Records of Seminole County,Florida, Said property is not the hotrlpstead of the Grantor(s) under the laws and constitution of the State of Florida in that neither Grantor(s) or any members of the household of Grantors)reside thereon.. Parcel ID Ntunber: 34-20-30,507-1600-0080 Together with all the tenements,hereditaments and appurtenances thereto belonging or in auyMse appertaining. To Have and to Hold, the same in fee simple forever. And the grantor hereby covenants with said grantee that the grantor is lawfully seized of said land in :Cee simple; that the grantor has good right; and lawAil authority -to sell and convey said land; that the grantor hereby frilly warrants the title to said land and will defend the same against the lawful claims of all persons'whomsoever; and that said land is free of all encumbrances except taxes accruing stibsequent to December 31,2020. DEED hidividaal Warranty Deed With Mon-Hoinestead-Legal on Fue Prepared by: 7illiaa Crouse Omega National Title Agency,LLC 225 South Wastinonte Drive,Suite 2050 Altamonte Springs,,Florida 32714 File Number; 21-0243JY In Witness Whereof, the said grantor has signed and sealed these presents the day and year first above written. Signed, sealed and delivered in our presence; ` (Seal) Wi ze s- R// G r� r Larry L. Newiri� t, individually and as Trustee of the r! m / Lamy L. Newman Family Living Trust Dated February I Witness -Print 7th 1994 Address: PA Box 785, Sunbury,Pennsylvania 17801 (Seal) Wit Eleanor D.Newman,itadivi wally and as Trustee of(lie Tarry L.Newman Family Living Trust Dated February I F Witness-Print 7th 1994 j Address; P.O.Box 785, Sunbilry,Pennsylvania 17801 I i I The foregoing instrument was'acknowledged before ane by means of[X ] physical presence er{'] on.litte notarization,this 1day o r 20�, by Larry L. Newman,individually and as Trustee of the Larry L. Newman Family L' iog rust Dated February 7th 1994 and Eleanor D.Newman,individually and as Trustee of the Larry L.Newman Family,Living Trust Dated February 7th 1994. r [SEAL] Signature of Notary Puh ' Online Notary Personally Knowaa OR € Prodaced Identification Cnm+WA.,o, Pennsylvania.Notary Seaf Type of Zticnticati ?I'rpdiacecl yer,NotaryPublie Northumberland County My expiresApri€24,2025 - n number 1116761 Membn€a Assoelat€nn of Notaries DEED Individual Warranty Deed With Non-Itoinmead-Legal on Face Assignment Agreement This agreement concerns the contract between the Buyer, Partyka Group Inc. &/or Assigns, and the Seller, Larry L. Newman,Trustee & Eleanor D. Newman,Trustee, concerning the property described as 120 N. Flamingo Ave, Winter Springs, FL 32708 and dated on June 3, 2021. The Buyer is assigning the contract to the new Buyer, City of Winter Springs, a Florida Municipal Corporation, and is effective when both parties have the signed this agreement below. All other terms of the contract remain the same and this agreement will be part of the contract Buyer: Partykarou nc a ssign Signature. I'} Title: G Date: -711 b ?� New Buyer: City of Winter Springs,A Florida Municipal Corporation Signature: Title: Date: Commercial Contract 1 t. PARTIES AND PROPERTY: Partyka i��oug*1 l^t7c. 81r F4ssl�ns.,,._ r. _ o- _ .-.._, _ _ ("Buyer") 2 agrees to buy and Larry Lr NowMalr,Truetee&Eleanor D,Newman.Trustee _ _ ("Seller") 3 agrees to sell the property at: a Street Address: 1"N.Flarnin 5 Winter Springs,FL 32708 6 legal Description: IAT 8 BLK 1B NORTH ORLANDO-PB12 PG 114_ _w._.�---.�pv_-_f. ..._ ---------•_-__ _.__. _.a_ 7 8 and the following Personal Property: NA 10 (all collectively referred to as the"Property")on the terms and conditions set forth below, 11 2. PURCHASE PRiCE: $ 125 000.00 12 (a) Deposit held in escrow by �As Selected by Seller.Win 3 days of Effective pate $ 51000.00 13 ("Escrow Agent")(checks are subject 10 actual and final collection) 14 Escrow Agent's address -_ -- . -- ----- ---Phone: 15 (b) Additional deposit to be made to Escrow Agent 16 ;within�T days (3 days, if left blank)after completion of Due Diligence Period or 17 iwithin days after Effective Date _ $ 18 (c) Additional deposit to be made to Escrow Agent 19 i (within days(3 days,if left blank)after completion of Due Diligence Period or 2e ,,within ^days after Effective Date $ 21 (d) Total financing(see Paragraph 5) $ 22 (e) Other. — $-------- -.- 23 (f) All deposits will be credited to the purchase price at closing. 24 Balance to close, subject to adjustments and prorations,to be paid 25 via wire transfer. $ 1?0 000m 26 For the purposes of this paragraph, "completion'means the end of the Due Diligence Period or upon delivery of 27 Buyer's written notice of acceptability. 28 3. TIME FOR ACCEPTANCE;EFFECTIVE DATE-COMPUTATION OF TIME: Unless this offer is signed by Seller 29 and Buyer and an executed copy delivered to all parties on or before _ June 3,2021 ,this offer 3c will be withdrawn and the Buyees.deposit,if any,will be returned.The time fpr acceptance of any counter offer will he 31 3 days from the date the counter offer is delivered,The"Effective Date"of this Contract is the date on which the 32 last one of the Seller and Buyer has signed or initiated and delivered this offer or the final countar offer or 33 _ n _ Calendar days will be used when computing time periods, except time periods of 5 34 days or less.Time periods of 5 days or less will be computed without including Saturday, Sunday, or national legal 35 holidays.Any time period ending on a Saturday,Sunday, or national legal holiday will extend until 5:00 p.m.of the next 36 business day.Time is of the essence in this Contract. 37 4. CLOSING DATE AND LOCATION: 38 (a) Closing Date:This transaction will be closed on _ se6 23 (Closing Gate),unless 39 specifically extended by other provisions of this Contract.The Closing Date will prevall over all other tithe periods 40 including,but not limited to, Financing and Due Diligence periods.In the event insurance underwriting is suspended and Seller (Witil)AAicknowledge receipt of a copy of this page,which is Page 1 of 8 Pages. CC-5 Rev,9117 02017 Florida ReaitarsZ "AIR'0"1 1laN Fcro6rnok ariee Suite 3a'9 lPrla„du,,FE.33B i9 Pnoroe:(401WIS 98s1 Fux 047)9,5-313^, ItA.Whp Fnxi P r M4,a Produced willr Lune waif Transaclions(Worn Edi inr.)7.31 Shearaan Cr Cambridge.Onlarie.Canada NIT IJ5 mWwolf,com 41 on Closing Date and Buyer is unable to obtain property insurance, Buyer may postpone closing up to 5 days after 42 the insurance underwriting suspension Is lifted. 43 (b) Location: Closing will take place in _SEMINOLE _County, Florida. (If left blank, closing will take place in the 44 county where the property is located.)Closing may be conducted by mail or electronic means. 45 5. THiRD PARTY FINANCING_ 46 BUYER'S OBLIGATION: On or before_na days(5 days if left blank)after Effective Date, Buyer will apply for third 47 party financing in an amount not to exceed T_^_%of the purchase price or •__ __�__•__ __,with a fixed 48 interest rate not to exceed r %per year with an initial variable interest rate not to exceed °ia,with points or 49 commitment or loan fees not to exceed %of the principal amount;for a term of years, and amortized 50 over years,with additional terms as follows. 51 na_ _ 52 Buyer will timely provide any and all credit,employment,financial and other information reasonably required by any 53 lender.Buyer wilt use good faith and reasonable diligence to(i)obtain Loan Approval within days(45 days if left 54 blank)from Effective Date(Loan Approval Date), (ii)satisfy terms and conditions of the Loan Approval,and(Iii)close 55 the loan.Buyer will keep Seller and Broker fully informed about loan application status and authorizes the mortgage 56 broker and lender to disclose all such information to Seller and Broker.Buyer will notify Seller immediately upon 57 obtaining financing or being rejected by a lender. CANCELLATION:If Buyer,after using good faith and reasonable 5a diligence,falls to obtain Loan Approval by Loan Approval Date,Buyer may within_ na days(3 days if left blank) 53 deliver written notice to Seller stating Buyer either waives this financing contingency or cancels this Contract, 6o If Buyer does neither,then Seller may cancel this Contract by delivering written notice to Buyer at any time thereafter. 61 Unless this financing contingency has been waived,this Contract shall remain subject to the satisfaction,by closing,of 62 those conditions of Loan Approval related to the Property.DEPOSIT(S)(for purposes of Paragraph 5 only): If Buyer 63 has used good faith and reasonable diligence but does not obtain Loan Approval by Loan Approval Date and 64 thereafter either party elects to cancel this Contract as set forth above or the lender fails or refuses to close on or 65 before the Closing Date without fault on Buyees part,the Deposit(s)shall be returned to Buyer,whereupon both 66 parties will be released from all further obligations under this Contract,except for obligations stated herein as surviving 67 the termination of this Contract.if neither party elects to terminate this Contract as set forth above or Buyer fails to use 68 good faith or reasonable diligence as set forth above,Seller will be entitled to retain the Deposit(s)if the transaction 69 does not close.For purposes of this Contract."Loan Approval"means a statement by the lender setting forth the terms 70 and conditions upon which the lender Is Wiling to make a particular mortgage loan to a particular buyer.Neither a pre- 71 approval letter not a prequallfication letter shall be deemed a Loan Approval for purposes of this Contract. 72 6. TITLE:Seller has the legal capacity to and will convey marketable title to the Property by X statutory warranty 73 dead []special warranty deed 0 other na _. _ _. ,free of liens,easements and 74 encumbrances of record or known to Seiler,but subject to property taxes for the year of closing,covenants, 75 restrictions and public utility easements of record; existing zoning and governmental regulations;and(list any other 76 matters to which title will be subject)rb8. ^_ 77 _ �_�_ —- - �_— T___..._- -• --... _ __ _ 78 provided there exists at closing no violation of the foregoing and none of them prevents Buyees intended use of the 79 Property as 810 (a) Evidence of Title:The party who pays the premium for the title insurance policy will select the closing agent 81 and pay for the title search and closing services.Seller wilt,at(check one)©Seller's rj Buyer's expense and 82 within 5 days after Effective Date or at least days before Closing[Sate deliver to Buyer(check one) 83 ®(1)a title insurance commitment by a Florida licensed title insurer setting forth those matters to be discharged i3y 84 Seller at or before Closing and,upon Buyer recording the deed,an owner's policy in the amount of the purchase 85 price for fee simple title subject only to exceptions stated above. If Buyer is paying for the evidence of title and 86 Seiler has an owner's policy,Seller will deliver a copy to Buyer within 15 days after Effective Date.[](il.)an 67 abstract of title,prepared or brought current by an existing abstract firm or certified as ccwFact by an existing Orin. 88 However,if such an abstract is not available to Seller,then a prior owner's bile policy acceptable to the proposed 89 insurer as a base for reissuance of coverage may be used.The prior policy will include copies of all policy 90 exceptions and an update In a format acceptable to Buyer from the policy effective date and certified to Buyer or Buyer Psn( )and Seller(!�)A�f)rVacknnwledge remlol or a copy of this page,which Is Pege 2 of 9 Page$- cr 5 Rev.9f17 ®2617 Florlde R"tors@ Produced with Lwa wdr7reW MOFIN S69Fum E.dtlanl 231 StmW913n Cr CammWiie,OmWo..(lanais N17 1 J5 www Iwoll com (fa'nlnv fi6r'V3r'c02 i 05 1 5 7 J 2 jbf{7oh 42 7 ES P J("� �, Buyer's clotting a�eatt logat'1er w:t.1 copies of ell documrsr,ta re+wned it the pt or d nicy anti to the u,pa7rste.if t3Wa;f= 92 an abstraet or pricy policy is not sysitsma to Beller!her, t!.)abOV6 will sae pile eviddncu aai tisla. 85 tql Citi!t�xnrRinsndn; Buyef un1t,within t5 days Voir recaipi o1 the evidence of titw deliv wr+tten nnt+ee tf+ixsflar � of title defects.Tufa yvatt use dnenat�cs a��tcurat he ayefrwcta;yw rh�Ns to da;ly days�Ar�+'10110010101006 ee�pt a eth>,na c9�) 45 Suyar delivers proper wrMe 06 !'Curatin 0-1i ive t57asriSir}')QSFntewrit or 5F2 V00 fadn©� l tial' ola�ato Cure 111P,cWW'S.deye after 4c ptt OV Y Of nvlrGa O Si}Cir Cul n+ n al 1 g7 Curative Penod,ct ti: pg r re ye sche;Nted Mooing Dstsa etwperj?methyl dateCte ate aar��d within h Culat ve Parxil Buyer will haeet ��+ostays 99 cared tn+ithm the Cu.a r t00 hent receipt of nottca3 or�{{er't:nepslaty t4 cure the Defects to elect vVhetra,er to terminate this Contract nr alct0p 1151 litte cui�iect to oxiltfirtg defects end Close lranasaGtion untheiat rtdut iaxn Inp ra;hssa pried. if) survey,(Ctlack aPpiicaols pfovio4ns Velow) ' ,.�� Vii.) Seller wa]t,within irleerin fro daliXIM'Intsv it any,aridthetof ow ng documents eelevant to 102 tl'its 104 fgaatiCation;�larn4 ang 105 talMscna 106 c0pi*s in owpors pDsa4estort � the this � i � rlrd � nsdti 9l �hirl dsyst from the 107 prepared fSolaCctosit d3oune_,1 � # 1021 transactdoes v , prevfedaow sEe ilia 109 008 into Contract is tern inAt*0 f 10 r 1 filsiya+will,el} !8*fi+r's ]f�uirar's ex"fiss and withlri the turtle perm atWwao tot.0t he anti survey revea 11; title xvltktr+Ce,abtgin B:erten,c�tttMod survey of the PMpe►ty VOM a reg+exared surveyor.N the Purvey yaverrls 112 oftroa thim ens on with the rex titngorrncroachment$t ple vU such encroachments won fha �Cwlsu uue a tic deelecnds of allot"or VU tit Dila 113 a6Ccepproperty i 414 CUreA vltth:n iiia Curative Period 11 s tdf trigs°es and Stirees� Suer werranEs that the Property prsSa;,ntlY has ingress and egress, ,16 7. p"OPERTY CONDITION:Seiler will deliver the Prcpaarty to ti$uyar ails tree lirrdi tigr&C in eta bl esnt`as yrs'c Still'? 117 ofdth&N wear and Icer exempt"d.Snd,M11 meinto in in 1andsolipirig end gr©tmds in a aomptr�l$cot}cili#cn. tiellsr n Of the PtOP 116 nlaXOL no wrrrant'es other than ne Citic l�arxOtAt ltigen o per od,5"yar may elect togily of pile. in the evelit that the �teia)ins e Itie Contraaftct a 13 1, vlanger5 atr,ce the exp+ration a3 120 refU-1d of any and all dapos+'•$paid.plan interest,if s0`cable.of require Seller to 1vurn!r?0 lxrt7D+ts4y 101117?rer�ti;i�6d r 121 cvndil an axiILtng as or the end of Ura 011igoncu period. I110 Coat or whir„h Is slot to 4xCeed$ 122 the pttrfirlaSr price,it len olanic).By acceot!ng the Property'63;6'+ 13UV#r wwalvts all rlaims against Salter tat sr`y i23 defects}in tho PfOP94Y (Chea(a)Of(b)) 24 rile!As Is:Buyer has inspecidd the Progeny or wolves any right to Ingpoct And accepts the Property ifs Its"aa is" 126 condition, 122 X�tbf t)ua oingence period:Buyer will.at Buyer's expense and wlthin.__..3Q days f?€tm Ffpectrv$Da:e('Due 121 i31ii>iRnce iar^rinw").aeterfnirie uhiomer the Propeny as suitsole,in f3uygr's sale and abscitlie diWetle'n I)MAg Snr t i8 tal7%of this contract,stsyar M1 By conduct tiny tests, analpies.surveys and or vRstigaltsans(`rn$psGt ons')�vna� 129 Buyer steams neiueetsi�r to detarrRlna ao suyer*s sttt;8faction lr+e Property's angineering,architagctural, 1lo ionvitonmenlaef�u'aperltas,zoning end xareing ra4lncttvns'ft,aaax:one dCeiprtativn ane rastncrlan*: sa;tldivieioh 1 a V regutadons:soli and grade,availaibility of access to public roetls.+firmer and other a111illes,cohroi9frGy with local, 37 state arld tegiortai growth rriarragnmtent and compfighartlive land tart*plana'aveiisbility of 13srmi14,government 133 approvaal#and beanies:compiisnee with American with Disabilities Act,absence of asb,06108 ;iii And gf"`4 1s water contamination,,and other inspection%tha'filuyer dooms appropriate, spy■swill do liver written notice`0 115 Setlir prior to than 00raation of true Clue Diligence Period of Guyars detrarminaatiori of Whether ata not the property 136 is eccaptaeds Buyar'a failure to comply with this nollica requirement wilt constihAIR 80c,60AM6 01 tris Pfatrerty rl 137 It,S present'63 Il6°Canr71110M twatlar grants to iuyrer,its agents. canfractors and aseldne,tfle i1gt11 to e4for the 1�g Prvpa'rty at any tm�a a2rtnng titin farm of this Contract for the pUlpost of ronducting lhSpea:t;Ons,uprr rerrsona'aie 193 notice,at a muluallY agreed upon limit,provided,110WOvot.that Buyer,its elents.contf%410m asrtd asslgr�er es 14Q the Property slid cetr+duct In paacttons at(nor oWr r$K_ RVy#1 will iridernrufy and 11010$aNar Harmless rrorlr tot t"Pr.�rty and,olmStS. ctalrns and 0xpertGes of tiny nature.inoluaang cull;Wefea8 It all 1eveIS1 and lWin- ,s7 riatsility to any Win.aariwnp from tt,r crondurrt of enp and all Inspections or tiny wwk attilhor+xed by 0111YOF. Quyve las will not sngaptr in erry*Ctivlty"t edutd result in to rnechaitie's lien being bleed against true PrapAity w+tncaad 144 $:altq+r's prior written crena gril.in the event this trar-196on does not close,(1)skiysr will rgpsir all nernaper,to MV, Niru t.r m"araanasier63q0 raeav of s cape or chis pspa,'Me0 it Page 3 of G Papm 92017 F[w,dd ROORM40v' C,';4 Rz, NITn•w. . ft,%§Ao,0vQ, VA41IWOOMMl11W4441F W)ViiST1iw, tMCiGwnmiAA",+klin,olpviWi' J, wav4rwcan 72( !i P i:i S, !:4 145 P!Oprerty rRtaarlting from the Inepe W'14 and rCtulI,urn Property to Iltt ggndtttnrl it vines in prior t7 0nduct of the i4o Inspectians,ane(2) Royer writ,ret Buyeel expanse release to Seller all reports and other.writ t 4morsted as tf A7 resort of the Inspecuona. 5hnuld BUyrr dellver timely noticas that the Property 16 not OtApruulaa.StWrer s9f#4 +Inst 146 fiyyer,.a cigpoiit Will 04 immediately returnee to Buyer end the Cran(rack ternimaated. 149 (c) Wttk4hrough l"OpICttotr lluy0f ms'y,an the day prior to dosing or any other tsrnt mut'ugily apt 801 to the t5a par41M0.t'r}ttduCl s finer'rvatk•:hrvug!^'Ertspeotion of the Property to doterm)a co;rlplianCe wi(n tt,is!oaregretrtl and ;5t to erasure that ad Prt>}34r'tY ill an the premises. OP911kATION Of 101kG3FFERTY DURING CONTRACT REMOD:+6ell*r 1k'tli cttr,,inun'td operate tt+61 Property rand my t5a b�itelnt39 i ctXtduared ort the proptarty in time manner aper+atod prior to Contract anct mill take iso action that WOUT f !5r adv+#7ialy impgct ft PrOparty lager eicatirtg,es 10 teria.M4,It nollirs or bus!net;6,if any Any change&.such Oi raantlr+g t Vacant spSce.€,.&I materinoy affect the F}roaerty or Buyers Intended use of thQ ��rCrpEfSY WIN be perrrnstted FX-1 tar`f}'Mtn 1&,e Buyer's aar!sant L�wimut fittfyer's con"ni. tri? I� CLOW PROCEDU AK.'Unless ottvrwise 0gread or etalard h>~r n,dos'rig pracodure Ojig ba in accordenceWtttt 155 the port:where the Pfgp*rtY id loccated. 1:54 (at P0e961*1*"and occupancy; $offer will deliver poaseselon and occ.rptancy of the Prgp*AY t4$reefer at i 6Q clraei.hg, Selfar VAN provide keys,remote control*,and ar+y€o"rityl"tess vales nisvosaofy tG operate ail lacks; 1gt marilooxos,arts:zecurrty eyrterrtt, (q¢ Caste;Bayer unit pay oQyer's 8116meyts'tees,tasxee and recording fees On nOtt;s mortgages rand ronsncing t(i3 staternerita end(sc4rding foes ltx the deed, sollerwrrll pay St(ler'a attornays'teas,taxes a:+,the Quer:and l�q recordliV fees for docurnerats needed to cure title aafects If Steller is oblr'yatad to dISChrtrgs any encvmtW9 C rat or e5 prior its closing grid rail#t4 do etc.Buyer may u&e purchase praceads to satisfy the enaumbrances. I 56 (C) ()9CUtnar3te.shier will provide the deep:bill of sale, mechanics ilen atfidsvit;or:v'insls of MO%e aaisi$rnsblb '87 earvkc*and meimerlannc*1,r rttfects that will be assumed by Buyer afte,tete Closing rlate and letters to Pach 'so service rantrttGtor,ram SrPfit►a4~ssir+g each of them of the salt of ttte propeq and, if appiicabla,the tfan-foe^!ti Z 169 C.0mract,atld any assigntabie warratleiet or guafst+teas received or held by Saaik'r from any manututurer. i?o confrxactor 4ubcbrttraciorr or material supptt*r lei tortnection with tt'+e Property:current ccooise of the c ondaminlum 171, noevirstn's. if$ppl1Cadie; essignments of leases,updated rent roll.tonar 1.and lender e00Pp11111 fetterti;if -2 $ppsicale}:tenam aatoor+llnatrtatt,norrditlurbaaoce and attlomment agraernents(SNOA6)required by the Buyar ;,r 73 Baryar,g tnrtdatr:asargnmonts of partntts and iitcnsee,CO(fectiV4 In#trtrrt9tlnw,and letters notifying terrapin Of the 174 crlang.e it1 islNfterSrttpiilr t7l agent it any lanartt refuses to execute an esteppnle letter. Se)icr, If requestee by the s?5 Buyer in wrltillg,Will certify lhat:�.formstson regaining this tenant's lease ;6 cwroct. if 5etler,s on Crotty..Seller.vii€ 176 dtfivcr a resoiulion of ata:govemirtg sutrarity statharding the sale and delivery of the"*d and comOcation by€";e 171 aeppmpnuto piny r,*rtrfyirig tho regtolviian and seating forth 4eCta grio%ing the ronveyenGO C011t0frl'ti to The 175 requirt;tlenis sof Iotetl law. $044 will tranttfoi security deposits to Buyer,p(4y*r will provide file 0105ing titAta�rrt�r.t. 17A mongogletr ono noiee, security agre*manta,and financing siatQreterttt. 16", Id) Taxse aria Proratiirle:'Peal#stat*taxes,personal Property taxes;on any tangible perearjai ploptarty band Ret ;�atyntant+assure t:ci try NvyDr,intara3st rat+;%(hosed on actual-011ected rents),ssfinaiation dues. insurance tC� t7ptritling expenses be prorated through the dry btefoae closing. !!tnz Premiums acce0sole.to Buy*?.orto s amount of tax*e for the current year cennot be a8eer1olneo,rales for tint previous year will be used with due r at4 allowonee toeing manes rat i1Yrpr0va M0Mt9 and extmotions.Any tax proestion based on an etrtimiste!lief,at ro4ua41 1y� of eitr°ar party,De readivsteq upon rempt of vurrent y84(S tax bill,this provision Will aurvive:"losing 1 (C) species Asst rsmant-1.fOns`coltlod,confirmed, and ratified Special a35es5ment fieris as of the glo»in;i Cate 157 v lis itis paid by 6rl11*1. If a cer"i<yea,cortfirrneo,grid rtanAeo speeia;i assessment's payable in inssaNrne its, Seiler wit; 11" pay ill tnslaiitmentg 0;4*rid payable ori or before the Cl"ng Date,with any Installment to,arsy pariod eklen0ing 169 be-?O,nd tfttt t;VIa Mg D31C PrarAW, and ljuyer well a+tfaump art snstaailmentt that bet:vrn4 dwa ono Payable&tips the ?aFP Cloning tiara Bisyer vA be responsible for alit astaos1smerets of"t kind+Milch.+.ante clue and oIMN after Clostng 10' ()Afe unless A,,;mproverltent at suWanfiatty tter!npleted as of Closing D41A, 11 ars lrnprOvernertt is t+JtS5felTtletfif tg Cnr 0,1#t#d as cls the Closing Ott#but hat riot rasullod in a Nen befors dutaing,$eller will plsY tilt t1mount of the!pot estsmaia rel Yate geswrriant,This v6settion appi;*ll;fa spec+al atataasarneni 1.4ne jr)pOseC oy A PUbliCirDdy at�d g:; docs not gp154y tc wridpminium asxaciVian sptec:al 865Gsstnent#. �5 4it F'otalon(ear""*nt In Rogge pro"rtyr Tax wet,(Ft14PTA)s it setter le a`feweitir perzan,'at+*6pred by""PYA. y id $tiler&no ftlref egrasar to cmply with section 1446 Of the IMtAMW Ravens*Cadt1.Sattler and tivyef wilf �} co,"Ploei,exet`.{. e, ono des ars cprected any instrument,0davit,or statement reasonablynacestary its cOmPly auttl l 1 l ...+anti aettei 1 OdrrSVMe"e recstpt or a copy of thin p*94,emir ie Page 4 of 2`?4004, V410 17 i;�!dd F6a4lPK'8�' z=C•S Acv Wl 7Vr,nu.n AfiTrAnlRtiylPo(egaFa,enFM1r�otil;rl�T'z,uuwRGr Cal+'4,RQ1 �7rrtKr.,`.hrtFdlllVal'35 aweAvdrwn n 0 '0`,'X'2'1 09 43 570266872)q 127616 N 199 with tea FIApTA rsquifOrnants.rncludrng delivery of their ragfisrGvi ledgral taxpayer Identification numners or 199 SoCiat SOCVrity NunlUef6 10 the eiaaslng Sgani. If buyer does nos FAY 11UMcION Cast'et Ctgsing 10"t fha 200 wiW.h0Idi"ag'o4uIT*Ment,Soyer will deliver to Buyer at closing the addllonel cash rtecsseeary to sat,efp Inc 901 ra4urrrrnent. 702 fq eSCPt0W Ar3FKT:Seller and llslydr authorize Everaw Agent or Closing Agdnt rte�Oolt qrn in acc4r a ci rrattn the 203 t,�(lfa 5 01 Arts COlMr8G4dm6 paMie .agree that Age4r properly In nt wit not 4e liieDi1 o any person for rntsd livery o`escr awed items eta 2`?4 cartels of Uti 205 f€Irtler 4r t9uyef',t►niesa tris rsrtxdalfvery is duo to A+90nta willtlal breach of chi;CantrarM o genus rla.gjiQar,Ce.1f Agent 206 has doubt es to Agent`s dries cu obltgaticns�undW th;a ConIract,Agent may. at Agertf'n option, (it)mold the necrowed 707 terns until the taantatt r•+utuatlly agree to Its pssburaement or until a court of Competent jurisolction of arbitrator 206 +34tarrnina&IAC rights of tete paertle8 0r(b)dvpook the escrowed items Mtri In 0orit of the ccWl staving jurledictlop over 20® the made, gild Fite an action in intef*ader. Upon nolifging the parties of 6uet,,30bon.Agent will be released from fill Ilell>ty agYCf9pt for to*du°y to aitca�urlt for IRarr,C prevpreviouslydeliveredi�gred t of escrow, It Agent is a licensed feel estate21 Q 211 Il akef Agent vycomply w10 ChapNr x175,%nda Stbtute&.In any buil In whirl)Agent rnterptaads tilt escro"d rlisms 212 oris move a party becaruae Of 8direg all Agent haraunder,Agent will recover reiesool bte taftnmey'a ff�es and costa 213 Incurred,wilh thane r;►TsOLMS to pe paid from and out of telt escrowed it#irr'w and charged and;;Warded as covet 0519 214 in livor a71 tele prevalNn9 pare 215 11, CUIRL PIR100, Prior 14 Bnywltt6an fol d+Fteg�t of being Contr�catpfr trty whaill r�padl+will#ve an odeliver ntrrtlttrn nratire t ity to curio any e[ft+e r�rt 21s dsf8uk a f>�Y fails.a tStfll�y Y€N^Q 217 cornpilong parity spaC.ity1'19 the nqn cprrlpl Br7N non.cornplying party wig hive tja�S(5 days era fa;uta to dept loft blank)alfl�r 24 6 delivery of such nglice to Gsara tele non hlotic a and curs shell riot apply z1 s 1Z. FtaftCl[tNAJEURE-B 'Par yr ballet s')all not be required to perform ar�y obligation vnddr mis Corntract or ua liatIle 220 to each other for Barr agas so 10119 as parh7rnt*nCe Or nOn•Qerfctrmarter 164 tl}er s7bfigatian.or theia'r4lfar key of se'+�i a 221 triourirnoi.or required j,provals essvndal io Closm v,16 disrupted,delayed.Paused or prevented by Force Mmlasur9 222 ,Fomre Majeure"means:hurriranrtr,mads,eartrerria WeaMer, sarlhquaftes,fire,or puler arr~ts Q}God,vont astl 223 tr{inaportaft0rt delays,or witt4,[rlilarfeGtldrtS,9r arrti s of terrorism,WrIGn, by exacciR or ressioneble ajitlgasnt efi�rt, 0 22,a ron jerf arrrimf party is unable in whale or in part to pravertt or ovRreome.All Retie periods.Iftd;4rsg Clotting DRIM,will 223 lie Oftnd0d a ressonatate tffne up to 7 days stler elle Forst t &iillure X10 longer prevt3rt$parfof nince under thts Majeure+continues.o prevent p$flormonca hinder this Gor.tract more thar, 226 ::antracl.Wavrdad novenae d fiJCR F urCg 227 3o clays beyond Closing Dole,there aitl^ar party may terminate this Contrast by,dljvering wrrttsn n.otiGa to ilia other 226 aro>file''�t�1�i1 be relunded to buyer,Merstay rtpleae:Sing Buyer ant!Sieber front aA further Wigativns under fft s C'iNitMO 229 13. skSTON per 01poSIT; L'n;e44 otnsrose specifssd in the Ccintreet,in the everll ery condition of this vonuiitct r; 230 not fret and Buyer nag tnnely given any eaquIred notice regordtnq the condition hsvirig riot Mean met, 111110011"Ia t~ePs;t 2..11 will be returned in accof4jncC with,applicaula Florida laws and regulations, 232 14, DEFAULT: 233 tri Ire the event the 6216 If nal Ceased slur,to any default or fisiltrra an the part at Seller older than fal9t:ro to melte 234 the title rnarKonole after dllrgent effort.lvyer stay elatiCt to receive return of Buyer's deposit without therapy 235 walvirg ar�y Action fear damages remWlting from Seller's breach and may weak to recover such damages or seen :13e.. sgeratC perform3rirs.if Buyer rle.re a ueposit refund,Sailor may ba liable to Braker for the full 01110unt Qf the 237 br'o"reja fw 238 (b) In the eY#n!the rials is not dfaseo Oval 10 illy de^tault o+ tailufe an the, pan of Suyer.Seiler may vilhof(i) 239 retain all tieposrttll7 pad or a9rared to tie paid by Ruyer as agreed upon iiquid0led d8mages.consideration for lire 240 #vocvttdn of thin Ca nlract.and in full 3tittlem"t of oily cfaims,upon whteh this�`flrlehdCl 4iv{ll termlrl$t$or 12)tacit 241 specifx pasrfe►imtaenca.It Buyer falls W timely place a dopoaat as r,rqulred by lhlfs Confrocl, Ballot n18y octan 0i 242 terrrinaats,no Contract and eek the ramadY outlined in thio subparagraph or(2)proceed with the Conlract without z43 waivtnq any remedy for Buyers default. 244 16, ATTORNEY'S FUS AND COSYSl In any claim of rontroVorsy erisiflg Out of or relating to this Contract the ,'45 ,.riJvalllfnq purzy+.which for purposes of this provislon will include Buyer,Seller and Broker,will be awarrdet:ieasx1atilt 246 11010 toys'feet,cants: ono 4110"114. 247 % NOTICES:All noticas will bf In Writing and mrty be delivered by mall,avantiSht Courier,personat delivery, syr 24! tiectro6c,MOMS parties agree to send all nottees to addresses specifrod on dine signature page(s).Any notice, 749 rx=intorn.W item River oy 0r delivered to an anarney or real estate litonses(Including a tranowion tarGker) 260 raprasvtlno a piety wit be as atffecilve as If Ivan by or a0vered tc that party. "llor 1 aCknwatLdS0 rer4 pt Of a c.py of#hie;e'ye,which is F49r 5 rats 49119►. W17oxer gwra+1 90.1 K OtoMNrA� Prnd�cM r1U,loose WN r�n1�tI,M!WgFMII(:1ii9onl��>♦nw1M of GxnbiuN.&uMte Cwad Nit,d0 w�xw F.aai«rn a.-+o 1 03:44 5702066720 4276F 7 :QS,rti; Z41 t7. ltlCLCiSifR88: 2152 lay Camn"Mial Real f=erste 3,s#ss Ctamrnteaten Lien Act:The Florida Corrrrrterclad Read estate 5slaa 253 Come ll"lon Gee^Aci prewides that a broker has a liars upon the owner's not pracaaeis from the sWO of 254 :,ornmorcagI real$6tete for any wrrmisslon s*rned by The brokef under a brakueape 41gr*amen'. That lien UP01+.n4 255 r.Isamaf'b net proceeds:b a lion upon persaWal properly which ailaots to the owrrar'6 net tame. 1110 and 41094 MM 254 atisch to any Intollsi in roil pfoperty.This tlerr ng"t cannot be waived before the Calnmiasian Is earned, 257 (e) Spaclal A4seeaMnt Liens Imposers by PUbllc Body: The Properly may W subject to unpild special 266 ssaasement litin(s)Imported by a public body (A pubilt body Includ"a Coinmunfty Development 01MC1.) Such 259 liens,if any,shall be paid at,ret tonh In Parsgnph 9(e), 260 ic) Radon Gas:Radon is a naturally GMIrring r4dioactivo gas that,who-1 9 has aCcvrt-wlale0 in a builoing in 2611 suffiCl*nt quantities,may presort Health nos to pardflns Who ars 6xpo3ed to it over We, Leval&of ra<Jon that 262 exceed federal and st8te guidthnes nava Werl found in buftngrr in Florida.Additlonal Wormation r*giaraMs radon 243 and radon teatin$miry bre ciatarnea from your cout'tty public hes@h unit. 261 (e)Lnergy4if iclancy Rating}1n40rntott"q Buyer acknowleidges receipt of the intonation brochure required by 263 Sec3ion 553.996,FlwId#'StaM&& 266 19, RISK Of LOSS; 267 tat tf,after.the ErfVMiv*Data and beioo closing,the Property is damaged by 1116 at,other casualty.leader velli 265 oast,the risk of tails and layer rosy cricai t-mis Contract without liability and the daposit(s)wail be retwrnea to 2" stay*'',A karnati'jefy,Brayer velli have the option of psrenesing the Property At trio agreed upon purchase price and 2110 Sellar w(N cradit the deductible,if any and transfer to Buyer at closing any insurance pfocards,or Ssstrr'e clam's 7711 to any irtiyirance proews payable for the doemage.Sellar will CCoparate MM and assent 40YOr Ih ootlaclinp arty 27i itaCn p,ocilws. Salter emelt not settle any Insurance claim'or damage caused by owility mrl bout the consent of 273 the Dwyer 274 (b) if,aw the Efr►a#)ve Date and before Closing,any part at the property is taken in colicarnn@tion v' unser The 275 right of eminent Ltcrraaln,or procesding3 tw such taoing wig to pending ar threatened.Buyer may Car4ol th+s 270 Contrael wrthout Iiubility rind the deposll(s)will be returned to'Buyer.Altsinatively,RUVer will have the option of 277 pu:chas;ng Oat is left of this Property.10 the agreed upon pwrcl�asa price and Soder will trarS*to the Buyer 8t :?7114 cresing the prcrcends of any award,or Sellar'*clsim to any eward payable for the taking Seller well oropWoto 279 w)lh and atheist>Iluyar in c•ottsdrrg any such award, zoo l9• A3310MAB ILITY;PBRIONS BOUND*This Contract may be assigned IQ a related entity, and otttrvfwlte LJ is rot 261 easigrobile 50 is asti4moue.-it chi*contract rrray to assigned,Dwyer sh it deliver 8 copy Of tete assiGnment Agreement 282 to the Saflar st lass'6 days prior to Closing Tf1it set sa"Swyer,""Seller"afro'RJrtsisar"may the sin{�wlar+x tat4r*;,TrJs 253 (:anhac4 is NMOIMp wean Buyer, Sellar and their hairs;personal repr000ntatives.suCcalso$and assign4(tt 244 as4rinferti is p9fmitteb). 2115 20, %MSMLA64EOUS:The terms of this Contract constitute the entire agrearnew between✓)Swyer and Seller, 266 Mcidifications of this Contract will nut be hinpinq unless in writing,a,gnad and doliverog loy the party to sib WUrrd 267 Sipnatuess,annals,docurnents reforanted In W6 Contract,countorpeRa and written modifications communinted 280 atac110111CIlty or On p0W wilt be$cceptabla for all purposes,Including delivery,and will be-birlding.Handwritten or 2b9 typSwrltten ieftsls rnsartod In or*ttschod to this Contract preivalt over propnnted terms It any provision of this COMM' 2K +s or becomes invaltd or ungn1oresable.all rrmsining praviilons villi ccntimle to he Pully effsutivs.Th.a Cantron will be 291 6onotruetl.dhder Florida law anti 14111 not be recorded in any puetfe records. 29. 21. BII0KIORS:Neither Seiler nor IlUyat has used the services of,or for any other reason owes compensation to, a 293 fit onsad real estate Broker otter thein. 204 (a) $cellar`s Braker ---_ __ 8 -�.----.—•.--.-. ..._.,..._.. ..- _._ �� -- tCa+np�iW Nrmu f6ianw.S 290 .. . .__. ... ...._... . _.._.. ......� • J"&66L Tilt Mnk Fir,email -- 2a5 who, is a IS[ngle a eft;L•,l is a transaction brokerL E has no brokerage rela'.;anship and who wilt be companaated by zo; C]$, err Buyer J born portico psarivatrt tv[.J rt,rioting tlgreement �otl`iar(spol:ify} n ,•„ �..--_-.._.. 2i7A ..._...........,. ...,...... ..._ .......a.., . ..,.��._. ...,._ .�_.. .._ _ . M.... ..- __� ,.. 219 $DO dal Swam Braker: .__ Pally wB,„'Ila Par'tttks- •� _` .PAW. C P rtv .Paas — - �Qrtlot+>y�. , fLnleroiea 3n g ✓100 PMllb/o0k pr ad lie,OrranAB,FL 32i10-IM .._... (Aftols.1044 pna.tan lE-VW1 and)slier(4w fads krtWelgo rZoot Or 1009 IN ilex peau wn!121 Is P40 4 of a P"" CG-n Rw.N77 M07 Fiona R"1064 oq*tiu0 w m 40w YYar Tlansas wv(rlo wwk t"w)M w,aOM Cr UMOVIW,OrAWIV,OV"NIT wi -~wqi wm M"q%q b/Q0 2 V'1 0:3 45 6702868727 #''" �_ r r,r,7 �,ry ass who r is a rirx i■ erst 0 io a trfrr%"c n brokir L.a hu AO broker*ge relati MWp and who vomit be vumpanseted by I➢ a1�E Rrsgke•1._ 8rt4+r ]S;1luy�rUbvlta parlies pursuant to[I an MLS oiler of compenrw4larP[]Wrier(apQciti'y3 r►a 309 IColleCtl183y refCrraa tp 64"8rokar")In Ctrtr#0jon with any act relating to Ina Properly.inClutsing fiat not Iffnitad to $06 irgWrif4E,+rltrodWlons,constdtatiorl5.arIg"e9DIlalPorle resufting in thm tranfi (M.50110(end Buyer 89W to 307 .066mand hold Broker tsarmjvsv 6-Orr Qnd 3Q*r161 taaeef,damages,c4SIs and exparlade 0 any kind,mcluOing 308 reew om smomeys,floe at a6 Itwets.and#roto liab>tiiity to 4ny pefeon,aftng i►^errl(1)onrnpansattOn ClelrnHd whlcn,o 300 IrltonsiVent will thlt raprelofttl4n in thlt P&T6 fj+mP,(2)#r&rcatnirlt action to riillecl a trrekerage lee want to 310 Paragraph 10. 13?mnY duly scrreptgd by broker at the reQuest at Ealies or Eluvol.watch is beyond the scope of 311 4er'vie#S Ppg4r*Md by enaptwr 415.blonde StiYu`40-0e emended,or(4�rrcarrlt►tesncla'0113 Of Or 401VIM pmv4 Sea expenw*imcurreC oy any ttfrd part'uartN`e 3rukar resets.recomrsnandt,or stains fox Or an behtli Of Seiler or 111uy0f. 313 77. raP?70NAL 13t.ItllliRb: (Check it any Of the toltrrving ClOW6gs are appiicwble;mare attachod as an addendurn to 314 Ihi#Contract) I Iar lfdS►r�nsy Ext;ting Moro" M o �ArbiirN air �Coestal Conleraction Control Linc �_: uyer'>:Ailorttay ApgrQail 318 Ser�lar►1i13S Exchange 31 Pr+ seity trsr�r ;rrr+atsd Repair :Flood Area Hazard Zane Sollar's A101-ney Approval 318 ;Sellar Roprese+'rtationi Seller Financing tither 319 23, ADDITIONAL TERMS; 120 � cl�lr►�Mr#il.�cpurwtthtn�!�pY.#��n�olt1>e�fc�s QI#Jii��Cl�,P!r��__.,..___- ..,._.., .. _.___....._..., . a�1 � �E r -drt�rnlnr t Flo � .'juyj�vu111 y t ni rk�cv 1t1a coa4 la, A.oO lwiii - _ 323 c.99)1rr wiitp#y doc,skmmpa,�n..�a�d 32 �, yrirld,s+ 1fi. �t..Pa�.xlltlllr q+�A Nt3DPni MAS __,_ 925 �..._ �_. ..... ... . ... �. _. _ _ ._ _ .. ... , _-. 327 329 _...... . ...... _. _. ... ... __. .. ,. _. 330 331 332 333 _�...... _ _. 334 .._ . .,.._ v, ._____.. .._....._..._.. ... . , _....__. 335 336 336 36a __._,.._ ....r . _ __.�_ .,...._ .�..v... ....__. ....., �..�. ._ . .. �._...... .,.. .. ��__,....... 34 342 THIS 13 INTENDED TO SE A L13ALLY RINDINO CONTRACT,IF NOT FULLY UNDERSTOOD,SEEK THE 343 ADVICE OF AN ATTORNEY PNRIOR TO SIGNINM 0OKER ADVISEE UUYER AND SELLER TO VERIFY ALL 344 FACT'S AND REPRESENTATIONS THAT ARE IMPORTANT TO THEM AND TO CONSULT AN APPROPRIATE 34s PROFESSIONAL FOR LEGAL ADVICE(FOR EXAMPLE,INTERPRETI140 CONTRACTS,I39TERNNIN()THE 346 EFFECT OF LAWN AN THE PROPERTY Aho TUNEACTION,STATU$Of TITLE,FOREIGN INVEIl O R 347 NiCPQRTWa FtEQUIPIEMENTS. RTC.;AND FQ111TAX, PROPIRATY CDWNY10N.I11INVIf(+L7AtllliINT'AL ANC t7YF3ER (0—%_ P raknawlfrdge rec®fpf or!Gtlpy Di thin page,wYaCh i#PNQF=7 0(b NeAl GCS Hrsv aft? eml Futuna k&ma'" �rRP+�O FMO MtiP 3 fY1MWY+Nl lagiehee tlManl?7r 1n8Ertinh CP CAmYfAMQ�aIIu.C�fdi�'r Q$ WW Wo.,un 7ANW4V 8 ;G .570286872. 3+ed ArMCE. WY&A ACi[i OW—RD066 THAT BROKER 00E7 NOT occupy THE PROItRTY AND THAT ALL 3eq REPRE69NTA1'I NO(ORAL.VMIfiSN OR OTHEiti 89)BY BROKER APIE IA360 ON ULLEN 350 1EPgESE14TATtONS JRPVIaLIC RECORDS UNLESS 8MOKII0t INVICATES PEPt80NAL VERIFICATION OF 351 THI WRESINYATM.BUVIR AGREES TO WILY SOLELY ON EEUIIzR,p1WpE8StONAR.lilBf'ECTDFiB Air® 352 (JoYRRM39INTAL AGENCIE$FOR.VITRIFICATION OF THE PROMPTY CONDIVON,SQUARE FOOTAGn ANC ns FACTS THAT MATRRIALLY AFFECT MOPPEERTY VAW9. 30 Eta WSOP,conirG this r,`onvad or,tribal!-I a patty that 1 a businmss Nnft y reprwwnts and wartaris to the other 355 party that wo signatory has tuo pawsr■nd mufnvrity to tamer Into and psrfortr,tN&Conliect in Accordaw.os vriM iIt 356 terms Ptiv eacf person con"10 elna CAPTer ftcumvmz on oehatf of each party has Doon duty OWTtIorixeo 357 to dO t►o Cyt 7o 1� 3b8 _ 011e {SaiQilatsJTC�f yA11 368 PbRt F 06 ftllw?w Dili (TYES of r'�r4r�tifd gifie at 8uy4r) 360 Tule:P(".jo�r y,_ . _ Telephone:(497);41_�Q6. Cafe �sign�liro o+siryir3 3t3a Tax iC No (Tpoo or Printea Nome of Buyer) 383 Titla. .�......___..w . .�_.. .........,....� _ Fftwielphana ...,........ . .. _..._...�... ._� .... $84 payer's Addre"for purpose of nfatia�. _. _._�_..... ... .., .»,..._.._.. 3u Fwsim4s: X-0 n#kur IV i£, x,1 x147 001 tt�f -a W ti►+A� - rax 10 No. ._._....._..... — N-Plsdcr meet i4vmi of yllar} $66 TO*, Sas V& Date ' 1,99naturs cif Smiles) aaa E ow 1 :J IV"g")e4l, 4 N Tax It3 IVa {Typed cr Prir ed seeress alSNl�ij_..._. ...-..,. _......�.. . ...... . ..........�.....,...._......_.....n..__..... . 7 37+ Titer +�s� ...,;T �.�r�..�---... .. � hana � -- �.Z0 — tL q 7! SOW&Adorves fw putPose of mmice e 373 Facaiml1v E aII The FkP "A*Wk M of MAL TORSO mahaa mo rapraNntsGaa as to Ifut Iayas wtrQay Or e04usey of srfy swa olor or true foem m ply apacuw, V"UmAb-Tfils vwmwPFsw9*m Wwr4 nal to wad rte eranfpapH HtnNet ares or xwrh a4ansly*ndara a sddttwrw rb4 lean.v avod4"k um by Ph*000 146 Wo W"ky and In prat kNeMbd In IAan1Uy MN uirr ss a RFAA TOR` 14EALTORC it r reg-slomd e4vwAtva mr+nbomho-trek warp may be ward wY by reel otim!1w6"6*M0 Ilei msm*m cftta NA'WNALL ASIMIAPON OF NEAT. (w50 afA wnn suhwa,ho to its cou or rfh" Tntr coor"ON bvro rd J#W I)IIrfad Slow$tl 1 V 3 Ct►da}kottNO fNli WlWrhtfflse'd OW UVtWn 01"1 tor"ny my mWk�mW4,rsq ftCaleMo e✓ *�.f 3 f... ...i rno aaaar( °�� ect<waMnage rvv.* 9 of a coyv of+Nie poqu,*Mea+Ia s�sga®as s!f agsa CC i F4ev 9Y �J3�iT ria(laa 2e.ltsr6la rM44WowLwevooif M"w'&- .pP 't'~40i Q...- fnFnf� ESilhb.CW'aG1Mt71 0 Nq7 A� d11 (pnwq: r PARTYKA GROUP INC 253 1800 PEMBROOK DR 5TE 350rr 63-554MI ORLANDO,FL 92810-6304 Opal, +d VA'i TO FI41: °� �- Sn'xA W heMle P (ASiJ�ilti ®swama.e� • • IndaprriQsnl Thu�klfg � fndepaidert B•IJlllg xww.nU'<6fl.co� l"K Ciiam•Ql gil497,766�16la x:06 3 i0 5 5441: 0600002S6211-02S3 Commercial Contract 1 1. PARTIES AND PROPERTY: Partyka Group Inc. Wor Assigns ("Buyer") 2 agrees to buy and Larry L. Newman,Trustee & Eleanor D. Newman,Trustee ("Seller") 3 agrees to sell the property at: 4 Street Address: 120 N.Flamingo Ave. 5 Winter Springs, FL 32708 6 Legal Description: LOT 8 BILK 16 NORTH ORLANDO PB 12 PG 11 7 8 and the following Personal Property: NA 9 10 (all collectively referred to as the "Property") on the terms and conditions set forth below. 11 2. PURCHASE PRICE: $ 110,000.00 12 (a) Deposit held in escrow by: As Selected by Seller,Win 3 days of Effective Date $ 5,000.00 13 ("Escrow Agent") (checks are subject to actual and final collection) 14 Escrow Agent's address: Phone: 15 (b) Additional deposit to be made to Escrow Agent 16 ❑within days (3 days, if left blank) after completion of Due Diligence Period or 17 ❑within days after Effective Date $ 18 (c) Additional deposit to be made to Escrow Agent 19 ❑within days (3 days, if left blank) after completion of Due Diligence Period or 20 ❑within days after Effective Date $ 21 (d) Total financing (see Paragraph 5) $ 22 (e) Other $ 23 (f) All deposits will be credited to the purchase price at closing. 24 Balance to close, subject to adjustments and prorations, to be paid 25 via wire transfer. $ 105,000.00 26 For the purposes of this paragraph, "completion" means the end of the Due Diligence Period or upon delivery of 27 Buyer's written notice of acceptability. 28 3. TIME FOR ACCEPTANCE; EFFECTIVE DATE; COMPUTATION OF TIME: Unless this offer is signed by Seller 29 and Buyer and an executed copy delivered to all parties on or before April 19, 2021 , this offer 30 will be withdrawn and the Buyer's deposit, if any, will be returned. The time for acceptance of any counter offer will be 31 3 days from the date the counter offer is delivered. The "Effective Date" of this Contract is the date on which the 32 last one of the Seller and Buyer has signed or initialed and delivered this offer or the final counter offer or 33 . Calendar days will be used when computing time periods, except time periods of 5 34 days or less. Time periods of 5 days or less will be computed without including Saturday, Sunday, or national legal 35 holidays. Any time period ending on a Saturday, Sunday, or national legal holiday will extend until 5:00 p.m. of the next 36 business day. Time is of the essence in this Contract. 37 4. CLOSING DATE AND LOCATION: 38 (a) Closing Date: This transaction will be closed on _see 23. (Closing Date), unless 39 specifically extended by other provisions of this Contract. The Closing Date will prevail over all other time periods 40 including, but not limited to, Financing and Due Diligence periods. In the event insurance underwriting is suspended Buyer( )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 1 of 8 Pages. CC-5 Rev.9117 ©2017 Florida Realtors® NAI Realvest,1500 Pembrook Drive Suite 350 Orlando,FL 32510 Phone:(407)875-9989 Fax:(407)875-3137 flamingo Paul P Partyka Produced with Lone Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge,Ontario,Canada N1 T 1 J5 www.lwolf.com 41 on Closing Date and Buyer is unable to obtain property insurance, Buyer may postpone closing up to 5 days after 42 the insurance underwriting suspension is lifted. 43 (b) Location: Closing will take place in SEMINOLE County, Florida. (If left blank, closing will take place in the 44 county where the property is located.) Closing may be conducted by mail or electronic means. 45 5. THIRD PARTY FINANCING: 46 BUYER'S OBLIGATION: On or before na days(5 days if left blank) after Effective Date, Buyer will apply for third 47 party financing in an amount not to exceed % of the purchase price or$ , with a fixed 48 interest rate not to exceed % per year with an initial variable interest rate not to exceed %, with points or 49 commitment or loan fees not to exceed % of the principal amount, for a term of years, and amortized 50 over years, with additional terms as follows: 51 na 52 Buyer will timely provide any and all credit, employment, financial and other information reasonably required by any 53 lender. Buyer will use good faith and reasonable diligence to (i) obtain Loan Approval within days (45 days if left 54 blank) from Effective Date (Loan Approval Date), (ii) satisfy terms and conditions of the Loan Approval, and (iii) close 55 the loan. Buyer will keep Seller and Broker fully informed about loan application status and authorizes the mortgage 56 broker and lender to disclose all such information to Seller and Broker. Buyer will notify Seller immediately upon 57 obtaining financing or being rejected by a lender. CANCELLATION: If Buyer, after using good faith and reasonable 58 diligence, fails to obtain Loan Approval by Loan Approval Date, Buyer may within na days (3 days if left blank) 59 deliver written notice to Seller stating Buyer either waives this financing contingency or cancels this Contract. 60 If Buyer does neither, then Seller may cancel this Contract by delivering written notice to Buyer at any time thereafter. 61 Unless this financing contingency has been waived, this Contract shall remain subject to the satisfaction, by closing, of 62 those conditions of Loan Approval related to the Property. DEPOSIT(S)(for purposes of Paragraph 5 only): If Buyer 63 has used good faith and reasonable diligence but does not obtain Loan Approval by Loan Approval Date and 64 thereafter either party elects to cancel this Contract as set forth above or the lender fails or refuses to close on or 65 before the Closing Date without fault on Buyer's part, the Deposit(s) shall be returned to Buyer,whereupon both 66 parties will be released from all further obligations under this Contract, except for obligations stated herein as surviving 67 the termination of this Contract. If neither party elects to terminate this Contract as set forth above or Buyer fails to use 68 good faith or reasonable diligence as set forth above, Seller will be entitled to retain the Deposit(s) if the transaction 69 does not close. For purposes of this Contract, "Loan Approval" means a statement by the lender setting forth the terms 70 and conditions upon which the lender is willing to make a particular mortgage loan to a particular buyer. Neither a pre- 71 approval letter not a prequalification letter shall be deemed a Loan Approval for purposes of this Contract. 72 6. TITLE: Seller has the legal capacity to and will convey marketable title to the Property by ❑X statutory warranty 73 deed ❑special warranty deed ❑other na , free of liens, easements and 74 encumbrances of record or known to Seller, but subject to property taxes for the year of closing; covenants, 75 restrictions and public utility easements of record; existing zoning and governmental regulations; and (list any other 76 matters to which title will be subject) na 77 78 provided there exists at closing no violation of the foregoing and none of them prevents Buyer's intended use of the 79 Property as house 80 (a) Evidence of Title: The party who pays the premium for the title insurance policy will select the closing agent 81 and pay for the title search and closing services. Seller will, at(check one) ❑X Seller's❑Buyer's expense and 82 within 5 days after Effective Date or at least days before Closing Date deliver to Buyer(check one) 83 ❑X (i) a title insurance commitment by a Florida licensed title insurer setting forth those matters to be discharged by 84 Seller at or before Closing and, upon Buyer recording the deed, an owner's policy in the amount of the purchase 85 price for fee simple title subject only to exceptions stated above. If Buyer is paying for the evidence of title and 86 Seller has an owner's policy, Seller will deliver a copy to Buyer within 15 days after Effective Date. ❑(ii.) an 87 abstract of title, prepared or brought current by an existing abstract firm or certified as correct by an existing firm. 88 However, if such an abstract is not available to Seller, then a prior owner's title policy acceptable to the proposed 89 insurer as a base for reissuance of coverage may be used. The prior policy will include copies of all policy 90 exceptions and an update in a format acceptable to Buyer from the policy effective date and certified to Buyer or Buyer( )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 2 of 8 Pages. CC-5 Rev.9117 ©2017 Florida Realtors® Produced with Lane Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge;Ontario,Canada N1T 1J5 www.lwolf.corn flamingo 91 Buyer's closing agent together with copies of all documents recited in the prior policy and in the update. If such 92 an abstract or prior policy is not available to Seller then (i.) above will be the evidence of title. 93 (b) Title Examination: Buyer will, within 15 days from receipt of the evidence of title deliver written notice to Seller 94 of title defects. Title will be deemed acceptable to Buyer if(1) Buyer fails to deliver proper notice of defects or(2) 95 Buyer delivers proper written notice and Seller cures the defects within days from receipt of the notice 96 ("Curative Period"). Seller shall use good faith efforts to cure the defects. If the defects are cured within the 97 Curative Period, closing will occur on the latter of 10 days after receipt by Buyer of notice of such curing or the 98 scheduled Closing Date. Seller may elect not to cure defects if Seller reasonably believes any defect cannot be 99 cured within the Curative Period. If the defects are not cured within the Curative Period, Buyer will have 10 days 100 from receipt of notice of Seller's inability to cure the defects to elect whether to terminate this Contract or accept 101 title subject to existing defects and close the transaction without reduction in purchase price. 102 (c) Survey: (check applicable provisions below) 103 (i.) ❑X Seller will, within 3 days from Effective Date, deliver to Buyer copies of prior surveys, 104 plans, specifications, and engineering documents, if any, and the following documents relevant to this 105 transaction: 106 copies in owner's possession 107 prepared for Seller or in Seller's possession, which show all currently existing structures. In the event this 108 transaction does not close, all documents provided by Seller will be returned to Seller within 10 days from the 109 date this Contract is terminated. 110 ❑Buyer will, at❑Seller's❑Buyer's expense and within the time period allowed to deliver and examine 111 title evidence, obtain a current certified survey of the Property from a registered surveyor. If the survey reveals 112 encroachments on the Property or that the improvements encroach on the lands of another, ❑Buyer will 113 accept the Property with existing encroachments❑such encroachments will constitute a title defect to be 114 cured within the Curative Period. 115 (d) Ingress and Egress: Seller warrants that the Property presently has ingress and egress. 116 7. PROPERTY CONDITION: Seller will deliver the Property to Buyer at the time agreed in its present"as is"condition, 117 ordinary wear and tear excepted, and will maintain the landscaping and grounds in a comparable condition. Seller 118 makes no warranties other than marketability of title. In the event that the condition of the Property has materially 119 changed since the expiration of the Due Diligence Period, Buyer may elect to terminate the Contract and receive a 120 refund of any and all deposits paid, plus interest, if applicable, or require Seller to return the Property to the required 121 condition existing as of the end of Due Diligence period, the cost of which is not to exceed $ (1.5% of 122 the purchase price, if left blank). By accepting the Property "as is", Buyer waives all claims against Seller for any 123 defects in the Property. (Check(a) or(b)) 124 ❑(a)As Is: Buyer has inspected the Property or waives any right to inspect and accepts the Property in its"as is" 125 condition. 126 ❑X (b) Due Diligence Period: Buyer will, at Buyer's expense and within 30 days from Effective Date ("Due 127 Diligence Period"), determine whether the Property is suitable, in Buyer's sole and absolute discretion. During the 128 term of this Contract, Buyer may conduct any tests, analyses, surveys and investigations ("Inspections")which 129 Buyer deems necessary to determine to Buyer's satisfaction the Property's engineering, architectural, 130 environmental properties; zoning and zoning restrictions; flood zone designation and restrictions; subdivision 131 regulations; soil and grade; availability of access to public roads, water, and other utilities; consistency with local, 132 state and regional growth management and comprehensive land use plans; availability of permits, government 133 approvals and licenses; compliance with American with Disabilities Act; absence of asbestos, soil and ground 134 water contamination; and other inspections that Buyer deems appropriate. Buyer will deliver written notice to 135 Seller prior to the expiration of the Due Diligence Period of Buyer's determination of whether or not the Property 136 is acceptable. Buyer's failure to comply with this notice requirement will constitute acceptance of the Property in 137 its present"as is" condition. Seller grants to Buyer, its agents, contractors and assigns, the right to enter the 138 Property at any time during the term of this Contract for the purpose of conducting Inspections, upon reasonable 139 notice, at a mutually agreed upon time; provided, however, that Buyer, its agents, contractors and assigns enter 140 the Property and conduct Inspections at their own risk. Buyer will indemnify and hold Seller harmless from 141 losses, damages, costs, claims and expenses of any nature, including attorneys' fees at all levels, and from 142 liability to any person, arising from the conduct of any and all inspections or any work authorized by Buyer. Buyer 143 will not engage in any activity that could result in a mechanic's lien being filed against the Property without 144 Seller's prior written consent. In the event this transaction does not close, (1) Buyer will repair all damages to the Buyer( )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 3 of 8 Pages. CC-5 Rev.9117 ©2017 Florida Realtors® Produced with Lane Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge;Ontario,Canada NIT US www.lwotf.com flamingo 145 Property resulting from the Inspections and return the Property to the condition it was in prior to conduct of the 146 Inspections, and (2) Buyer will, at Buyer's expense release to Seller all reports and other work generated as a 147 result of the Inspections. Should Buyer deliver timely notice that the Property is not acceptable, Seller agrees that 148 Buyer's deposit will be immediately returned to Buyer and the Contract terminated. 149 (c) Walk-through Inspection: Buyer may, on the day prior to closing or any other time mutually agreeable to the 150 parties, conduct a final "walk-through" inspection of the Property to determine compliance with this paragraph and 151 to ensure that all Property is on the premises. 152 8. OPERATION OF PROPERTY DURING CONTRACT PERIOD: Seller will continue to operate the Property and any 153 business conducted on the Property in the manner operated prior to Contract and will take no action that would 154 adversely impact the Property after closing, as to tenants, lenders or business, if any. Any changes, such as renting 155 vacant space, that materially affect the Property or Buyer's intended use of the Property will be permitted ❑X only with 156 Buyer's consent❑without Buyer's consent. 157 9. CLOSING PROCEDURE: Unless otherwise agreed or stated herein, closing procedure shall be in accordance with 158 the norms where the Property is located. 159 (a) Possession and Occupancy: Seller will deliver possession and occupancy of the Property to Buyer at 160 closing. Seller will provide keys, remote controls, and any security/access codes necessary to operate all locks, 161 mailboxes, and security systems. 162 (b) Costs: Buyer will pay Buyer's attorneys' fees, taxes and recording fees on notes, mortgages and financing 163 statements and recording fees for the deed. Seller will pay Seller's attorneys' fees, taxes on the deed and 164 recording fees for documents needed to cure title defects. If Seller is obligated to discharge any encumbrance at or 165 prior to closing and fails to do so, Buyer may use purchase proceeds to satisfy the encumbrances. 166 (c) Documents: Seller will provide the deed; bill of sale; mechanic's lien affidavit; originals of those assignable 167 service and maintenance contracts that will be assumed by Buyer after the Closing Date and letters to each 168 service contractor from Seller advising each of them of the sale of the Property and, if applicable, the transfer of its 169 contract, and any assignable warranties or guarantees received or held by Seller from any manufacturer, 170 contractor, subcontractor, or material supplier in connection with the Property; current copies of the condominium 171 documents, if applicable; assignments of leases, updated rent roll; tenant and lender estoppels letters (if 172 applicable); tenant subordination, non-disturbance and attornment agreements (SNDAs) required by the Buyer or 173 Buyer's lender; assignments of permits and licenses; corrective instruments; and letters notifying tenants of the 174 change in ownership/rental agent. If any tenant refuses to execute an estoppels letter, Seller, if requested by the 175 Buyer in writing, will certify that information regarding the tenant's lease is correct. If Seller is an entity, Seller will 176 deliver a resolution of its governing authority authorizing the sale and delivery of the deed and certification by the 177 appropriate party certifying the resolution and setting forth facts showing the conveyance conforms to the 178 requirements of local law. Seller will transfer security deposits to Buyer. Buyer will provide the closing statement, 179 mortgages and notes, security agreements, and financing statements. 180 (d) Taxes and Prorations: Real estate taxes, personal property taxes on any tangible personal property, bond 181 payments assumed by Buyer, interest, rents (based on actual collected rents), association dues, insurance 182 premiums acceptable to Buyer, and operating expenses will be prorated through the day before closing. If the 183 amount of taxes for the current year cannot be ascertained, rates for the previous year will be used with due 184 allowance being made for improvements and exemptions. Any tax proration based on an estimate will, at request 185 of either party, be readjusted upon receipt of current year's tax bill; this provision will survive closing. 186 (e) Special Assessment Liens: Certified, confirmed, and ratified special assessment liens as of the Closing Date 187 will be paid by Seller. If a certified, confirmed, and ratified special assessment is payable in installments, Seller will 188 pay all installments due and payable on or before the Closing Date, with any installment for any period extending 189 beyond the Closing Date prorated, and Buyer will assume all installments that become due and payable after the 190 Closing Date. Buyer will be responsible for all assessments of any kind which become due and owing after Closing 191 Date, unless an improvement is substantially completed as of Closing Date. If an improvement is substantially 192 completed as of the Closing Date but has not resulted in a lien before closing, Seller will pay the amount of the last 193 estimate of the assessment. This subsection applies to special assessment liens imposed by a public body and 194 does not apply to condominium association special assessments. 195 (f) Foreign Investment in Real Property Tax Act(FIRPTA): If Seller is a"foreign person"as defined by FIRPTA, 196 Seller and Buyer agree to comply with Section 1445 of the Internal Revenue Code. Seller and Buyer will 197 complete, execute, and deliver as directed any instrument, affidavit, or statement reasonably necessary to comply Buyer( )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 4 of 8 Pages. CC-5 Rev.9/17 ©2017 Florida Realtors® Produced with Lane Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge;Ontario,Canada NIT US www.lwotf.com flamingo 198 with the FIRPTA requirements, including delivery of their respective federal taxpayer identification numbers or 199 Social Security Numbers to the closing agent. If Buyer does not pay sufficient cash at closing to meet the 200 withholding requirement, Seller will deliver to Buyer at closing the additional cash necessary to satisfy the 201 requirement. 202 10. ESCROW AGENT: Seller and Buyer authorize Escrow Agent or Closing Agent(collectively"Agent") to receive, 203 deposit, and hold funds and other property in escrow and, subject to collection, disburse them in accordance with the 204 terms of this Contract. The parties agree that Agent will not be liable to any person for misdelivery of escrowed items to 205 Seller or Buyer, unless the misdelivery is due to Agent's willful breach of this Contract or gross negligence. If Agent 206 has doubt as to Agent's duties or obligations under this Contract, Agent may, at Agent's option, (a) hold the escrowed 207 items until the parties mutually agree to its disbursement or until a court of competent jurisdiction or arbitrator 208 determines the rights of the parties or(b) deposit the escrowed items with the clerk of the court having jurisdiction over 209 the matter and file an action in interpleader. Upon notifying the parties of such action, Agent will be released from all 210 liability except for the duty to account for items previously delivered out of escrow. If Agent is a licensed real estate 211 broker, Agent will comply with Chapter 475, Florida Statutes. In any suit in which Agent interpleads the escrowed items 212 or is made a party because of acting as Agent hereunder, Agent will recover reasonable attorney's fees and costs 213 incurred, with these amounts to be paid from and out of the escrowed items and charged and awarded as court costs 214 in favor of the prevailing party. 215 11. CURE PERIOD: Prior to any claim for default being made, a party will have an opportunity to cure any alleged 216 default. If a party fails to comply with any provision of this Contract, the other party will deliver written notice to the non- 217 complying party specifying the non-compliance. The non-complying party will have days (5 days if left blank) after 218 delivery of such notice to cure the non-compliance. Notice and cure shall not apply to failure to close. 219 12. FORCE MAJEURE: Buyer or Seller shall not be required to perform any obligation under this Contract or be liable 220 to each other for damages so long as performance or non-performance of the obligation, or the availability of services, 221 insurance, or required approvals essential to Closing, is disrupted, delayed, caused or prevented by Force Majeure. 222 "Force Majeure" means: hurricanes, floods, extreme weather, earthquakes, fire, or other acts of God, unusual 223 transportation delays, or wars, insurrections, or acts of terrorism, which, by exercise of reasonable diligent effort, the 224 non-performing party is unable in whole or in part to prevent or overcome. All time periods, including Closing Date, will 225 be extended a reasonable time up to 7 days after the Force Majeure no longer prevents performance under this 226 Contract, provided, however, if such Force Majeure continues to prevent performance under this Contract more than 227 30 days beyond Closing Date, then either party may terminate this Contract by delivering written notice to the other 22s and the Deposit shall be refunded to Buyer,thereby releasing Buyer and Seller from all further obligations under this Contract. 229 13. RETURN OF DEPOSIT: Unless otherwise specified in the Contract, in the event any condition of this Contract is 230 not met and Buyer has timely given any required notice regarding the condition having not been met, Buyer's deposit 231 will be returned in accordance with applicable Florida Laws and regulations. 232 14. DEFAULT: 233 (a) In the event the sale is not closed due to any default or failure on the part of Seller other than failure to make 234 the title marketable after diligent effort, Buyer may elect to receive return of Buyer's deposit without thereby 235 waiving any action for damages resulting from Seller's breach and may seek to recover such damages or seek 236 specific performance. If Buyer elects a deposit refund, Seller may be liable to Broker for the full amount of the 237 brokerage fee. 238 (b) In the event the sale is not closed due to any default or failure on the part of Buyer, Seller may either(1) 239 retain all deposit(s) paid or agreed to be paid by Buyer as agreed upon liquidated damages, consideration for the 240 execution of this Contract, and in full settlement of any claims, upon which this Contract will terminate or(2) seek 241 specific performance. If Buyer fails to timely place a deposit as required by this Contract, Seller may either(1) 242 terminate the Contract and seek the remedy outlined in this subparagraph or(2) proceed with the Contract without 243 waiving any remedy for Buyer's default. 244 15. ATTORNEY'S FEES AND COSTS: In any claim or controversy arising out of or relating to this Contract, the 245 prevailing party, which for purposes of this provision will include Buyer, Seller and Broker, will be awarded reasonable 246 attorneys'fees, costs, and expenses. 247 16. NOTICES: All notices will be in writing and may be delivered by mail, overnight courier, personal delivery, or 248 electronic means. Parties agree to send all notices to addresses specified on the signature page(s). Any notice, 249 document, or item given by or delivered to an attorney or real estate licensee (including a transaction broker) 250 representing a party will be as effective as if given by or delivered to that party. Buyer( )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 5 of 8 Pages. CC-5 Rev.9117 92017 Florida Realtors® Produced with Lane Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge;Ontario,Canada N1T 1J5 www.lwolf.corn flamingo 251 17. DISCLOSURES: 252 (a) Commercial Real Estate Sales Commission Lien Act: The Florida Commercial Real Estate Sales 253 Commission Lien Act provides that a broker has a lien upon the owner's net proceeds from the sale of 254 commercial real estate for any commission earned by the broker under a brokerage agreement. The lien upon the 255 owner's net proceeds is a lien upon personal property which attaches to the owner's net proceeds and does not 256 attach to any interest in real property. This lien right cannot be waived before the commission is earned. 257 (b) Special Assessment Liens Imposed by Public Body: The Property may be subject to unpaid special 258 assessment lien(s) imposed by a public body. (A public body includes a Community Development District.) Such 259 liens, if any, shall be paid as set forth in Paragraph 9(e). 260 (c) Radon Gas: Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in 261 sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that 262 exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon 263 and radon testing may be obtained from your county public health unit. 264 (d) Energy-Efficiency Rating Information: Buyer acknowledges receipt of the information brochure required by 265 Section 553.996, Florida Statutes. 266 18. RISK OF LOSS: 267 (a) If, after the Effective Date and before closing, the Property is damaged by fire or other casualty, Seller will 268 bear the risk of loss and Buyer may cancel this Contract without liability and the deposit(s)will be returned to 269 Buyer. Alternatively, Buyer will have the option of purchasing the Property at the agreed upon purchase price and 270 Seller will credit the deductible, if any and transfer to Buyer at closing any insurance proceeds, or Seller's claim 271 to any insurance proceeds payable for the damage. Seller will cooperate with and assist Buyer in collecting any 272 such proceeds. Seller shall not settle any insurance claim for damage caused by casualty without the consent of 273 the Buyer. 274 (b) If, after the Effective Date and before closing, any part of the Property is taken in condemnation or under the 275 right of eminent domain, or proceedings for such taking will be pending or threatened, Buyer may cancel this 276 Contract without liability and the deposit(s)will be returned to Buyer. Alternatively, Buyer will have the option of 277 purchasing what is left of the Property at the agreed upon purchase price and Seller will transfer to the Buyer at 278 closing the proceeds of any award, or Seller's claim to any award payable for the taking. Seller will cooperate 279 with and assist Buyer in collecting any such award. 280 19. ASSIGNABILITY; PERSONS BOUND: This Contract may be assigned to a related entity, and otherwise❑is not 281 assignableFX]is assignable. If this Contract may be assigned, Buyer shall deliver a copy of the assignment agreement 282 to the Seller at least 5 days prior to Closing. The terms"Buyer," "Seller" and "Broker" may be singular or plural. This 283 Contract is binding upon Buyer, Seller and their heirs, personal representatives, successors and assigns (if 284 assignment is permitted). 285 20. MISCELLANEOUS: The terms of this Contract constitute the entire agreement between Buyer and Seller. 286 Modifications of this Contract will not be binding unless in writing, signed and delivered by the party to be bound. 287 Signatures, initials, documents referenced in this Contract, counterparts and written modifications communicated 288 electronically or on paper will be acceptable for all purposes, including delivery, and will be binding. Handwritten or 289 typewritten terms inserted in or attached to this Contract prevail over preprinted terms. If any provision of this Contract 290 is or becomes invalid or unenforceable, all remaining provisions will continue to be fully effective. This Contract will be 291 construed under Florida law and will not be recorded in any public records. 292 21. BROKERS: Neither Seller nor Buyer has used the services of, or for any other reason owes compensation to, a 293 licensed real estate Broker other than: 294 (a) Seller's Broker: na (Company Name) (Licensee) 295 (Address,Telephone,Fax,E-mail) 296 who❑is a single agent❑is a transaction broker❑has no brokerage relationship and who will be compensated by 297 ❑Seller❑Buyer❑both parties pursuant to❑a listing agreement❑other(specify) na 298 299 300 (b) Buyer's Broker: Partyka Group -Paul P Partyka, Pres Paul P Partyka, Pres (Company Name) (Licensee) 301 1800 Pembrook Dr Ste 350,Orlando, FL 32810-6304 (Address,Telephone,Fax,E-mail) Buyer( )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 6 of 8 Pages. CC-5 Rev.9117 ©2017 Florida Realtors® Produced with Lane Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge;Ontario,Canada NIT 1J5 www.lwolf.com flamingo 302 whoX❑is a single agent❑is a transaction broker❑has no brokerage relationship and who will be compensated by 303 ❑Seller's Broker❑Seller[)(Buyer❑both parties pursuant to❑an MLS offer of compensation❑other(specify) 304 na 305 (collectively referred to as"Broker") in connection with any act relating to the Property, including but not limited to 306 inquiries, introductions, consultations, and negotiations resulting in this transaction. Seller and Buyer agree to 307 indemnify and hold Broker harmless from and against losses, damages, costs and expenses of any kind, including 308 reasonable attorneys'fees at all levels, and from liability to any person, arising from (1)compensation claimed which is 309 inconsistent with the representation in this Paragraph, (2) enforcement action to collect a brokerage fee pursuant to 310 Paragraph 10, (3) any duty accepted by Broker at the request of Seller or Buyer, which is beyond the scope of 311 services regulated by Chapter 475, Florida Statutes, as amended, or(4) recommendations of or services provided and 312 expenses incurred by any third party whom Broker refers, recommends, or retains for or on behalf of Seller or Buyer. 313 22. OPTIONAL CLAUSES: (Check if any of the following clauses are applicable and are attached as an addendum to 314 this Contract): 315 ❑Arbitration ❑Seller Warranty ❑Existing Mortgage 316 ❑Section 1031 Exchange ❑Coastal Construction Control Line ❑Buyer's Attorney Approval 317 []Property Inspection and Repair ❑Flood Area Hazard Zone []Seller's Attorney Approval 318 ❑Seller Representations ❑Seller Financing ❑Other 319 23. ADDITIONAL TERMS: 320 a. closing will occur within 5 days after end of the Due Diligence period. 321 b.Seller will determine the closing agent. Buyer can help if need be. 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK THE 343 ADVICE OF AN ATTORNEY PRIOR TO SIGNING. BROKER ADVISES BUYER AND SELLER TO VERIFY ALL 344 FACTS AND REPRESENTATIONS THAT ARE IMPORTANT TO THEM AND TO CONSULT AN APPROPRIATE 345 PROFESSIONAL FOR LEGAL ADVICE (FOR EXAMPLE, INTERPRETING CONTRACTS, DETERMINING THE 346 EFFECT OF LAWS ON THE PROPERTY AND TRANSACTION, STATUS OF TITLE, FOREIGN INVESTOR 347 REPORTING REQUIREMENTS, ETC.)AND FOR TAX, PROPERTY CONDITION, ENVIRONMENTAL AND OTHER Buyer( )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 7 of 8 Pages. CC-5 Rev.9117 92017 Florida Realtors® Produced with Lane Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge;Ontario,Canada NIT US www.lwotf.com flamingo 348 ADVICE. BUYER ACKNOWLEDGES THAT BROKER DOES NOT OCCUPY THE PROPERTY AND THAT ALL 349 REPRESENTATIONS (ORAL,WRITTEN OR OTHERWISE) BY BROKER ARE BASED ON SELLER 350 REPRESENTATIONS OR PUBLIC RECORDS UNLESS BROKER INDICATES PERSONAL VERIFICATION OF 351 THE REPRESENTATION. BUYER AGREES TO RELY SOLELY ON SELLER, PROFESSIONAL INSPECTORS AND 352 GOVERNMENTAL AGENCIES FOR VERIFICATION OF THE PROPERTY CONDITION, SQUARE FOOTAGE AND 353 FACTS THAT MATERIALLY AFFECT PROPERTY VALUE. 354 Each person signing this Contract on behalf of a party that is a business entity represents and warrants to the other 355 party that such signatory has full power and authority to enter into and perform this Contract in accordance with its 356 terms and each person executing this Contract and other documents on behalf of such party has been duly authorized 357 to do so. 358 Date: (Signature of Buyer) 359 Tax ID No.: (Typed or Printed Name of Buyer) 360 Title: Telephone: 361 Date: (Signature of Buyer) 362 Tax ID No.: (Typed or Printed Name of Buyer) 363 Title: Telephone: 364 Buyer's Address for purpose of notice 365 Facsimile: E-mail: 366 Date: (Signature of Seller) 367 Tax ID No.: (Typed or Printed Name of Seller) 368 Title: Telephone: 369 Date: (Signature of Seller) 370 Tax ID No.: (Typed or Printed Name of Seller) 371 Title: Telephone: 372 Seller's Address for purpose of notice 373 Facsimile: E-mail: The Florida Association of REALTORS®makes no representation as to the legal validity or adequacy of any provision of this form in any specific transaction.This standardized form should not be used in complex transactions or with extensive riders or additions.This form is available for use by the entire real estate industry and is not intended to identify the user as a REALTOR&REALTOR®is a registered collective membership mark which may be used only by real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS®and who subscribe to its Code of Ethics.The copyright laws of the United States(17 U.S.Code)forbid the unauthorized reproduction of this form by any means including facsimile or Buyer( )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 8 of 8 Pages. CC-5 Rev.9117 ©2017 Florida Realtors® Produced with Lane Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge;Ontario,Canada NIT 1J5 www.lwok.corn flamingo Addendum to Contract Addendum No. 1 to the Contract with the Effective Date of June 3 2021 between Larry L. Newman,Trustee&Eleanor D.Newman,Trustee (Seller) and PaMgka Group Inc.&tor Amfi its (Buyer) concerning the property described as: 120 N.Flamin o Ave. Winter Springs,FL 32708 (the"Contract").Seller and Buyer make the following terms and conditions part of the Contract: a. Extend the Due Diligence Period from July 3,2021 to July 14,2021 b. The closing date will be extended five(5)days atter the end of the Due Diligence Period to July 19,2021 Buyer: Date: -31j h Partyka Group Inc.Wor Asslgn Buyer: [ 1 _ Date: / Seller: "" _. __ Date:_ 76 �1 a 1 � ewrnan,Trustee&Eleanor D.Newman,Trustee b 7/Cl r Seller: s -vim _r,,��_- Date: ACSP-4 Rev 6/17 ®2017 Florida%Realtors® %M Re"Wa6 lads Pa"6ro"k arNe SWk 3H Ork"Ao,V1,312ata Phone:14471879-9M Far:(407197"117 Il""11"R" P"d P Parryt" Produatl with Lona Wol Trane Woo(Worm EdMm)231 Shumon Cr.Cembddpa,OrAnM,Canada NIT 1J5 wwwlwog oam A. U.S.DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT B. TYPE OF LOAN SETTLEMENT STATEMENT Omega National Title Agency,LLC 1. EjFHA 2. OFM,FIA a E]CONY.UNINS, 225 South Westmonte Drive,Suite 2050 4. ❑VA 5. [_]COW INS. Altamonte Springs,Florida 32714 321-207-0465 fax:321-207-0466 v.N.N..bm 7.L..Number: 21-0243JY S.No.i�a�e Ina 1- C. C.NOTE: Thtsform is furnished to give you a.statement ofactual settlement costs.Amounts paid to and by the settlement agent are shown.Items marked (poc)were paid outside the closing. They are shown here for informational purposes and are not included in the totals. D.Buyer: City of Winter Springs,a Florida Municipal Corporation Lary L.Newman,individually and as Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994 and Eleanor D.Newman, E.Seller: individually and as Trustee of the P.O.Box 785 Larry L.Newman Family Living Sunbury,Pennsylvania 17801 Trust Dated February 7th 1994 P.O.Box 785 Sunbury,Pennsylvania 17801 F.Lender: CASH 120 N Flamingo Avenue G.Property: Winter Springs,Seminole County,Florida 32708 Lot 8,Block 16,NORTH ORLANDO,Book 12,Page 10 and 11,Seminole County,Florida H.Settlement Agent: Omega National Title Agency,LLC Place of Settlement: 225 South Westmonte Drive,Suite 2050,Altamonte Springs,Florida 32714 Seminole County _ 1.Settlement Date: July 19,2021 J. Summary of Buyer's Transaction K. Summary of Seller's Transaction 100.Gross Amount Due From Buyer: 400.Gross Amount Due To Seller: 101. Contract Sales Price 125,000.00 401. Contract Sales Price 125,000.00 102. Personal Property 402. Personal Property 103. Settlement Charges to Buyer(line 1400) 12,667.50 403. Adjustments for Items Paid by Seller in Advance: Adjustments for Items Paid by Seller in Advance: 106. Ci /Town Taxes 406. City I Town Taxes 107. County/Parish Taxes 407. County/Parish Taxes 108. Assessments 408. Assessments 120. Gross Amount Due from Buyer: 137,667.50 420. Gross Amount Due to Seller: 125,000.00 200. Amounts Paid by or in Behalf of Buyer: 500. Reductions in Amount Due to Seller: 201. Deposit/Earnest Money 5,000.00 501. Excess Deposit(see instructions) 202. Principal Amount of New Loan 502. Settlement Char es to Seller(Line 1400) 1,831.09 203. Existing Loan(s) 503. Existing Loan(s) 204. 504. Payoff of First Mortgage 205. 505. Payoff of Second Mort age 206. 506. Purchase Money Mortgage Adjustments for Items Unpaid by Seller: Adjustments for Items Unpaid by Seller: 210. City I Town Taxes 510. Cit /Town Taxes 211. County/Parish Taxes Jan 1,2021 thru Jul 18, 914.89 511. County/Parish Taxes Jan 1,2021 thru Jul 18, 914.89 2021 2021 212. Assessments 512. Assessments 220. Total Paid b /for Buyer: 5,914.89 520. Total Reductions in Amount Due Seller: 2,745.98 300. Cash at Settlement from/to Buyer: 600. Cash at Settlement to/from Seller: 301. Gross Amount due from Bu er(line 120) 137,667.50 601. Gross Amount due to Seller(line 420) 125,000.00 302. Less Amount Paid by/for Buyer line 220) 5,914.89 602. Less Reductions Amount due Seller line 520 2,745.98 303. Cash From Buyer: $131,752.61 603. Cash To Seller: $122,254.02 HUD-1 May 2007 .luly it-i 9(191-A PM Settlement Date:July 19,2021 File Number:21-0243JY L. Settlement Charges 700. Total Sales/Broker's Commission: Paid from Paid from Based on Price $125,000.00 is$6,250.00 Buyer's Seller's Division of Commission as follows Funds at Funds at 701. Settlement Settlement 702. 6,250.00 to NAI Realvest 703. Commission Paid at 6,250.00 8fkttltnmixtPa able in Connection with Loan: 801. Loan Origination Fee 802. Loan Discount 803. Appraisal Fee 804. Credit Report 805. Lender's Inspection Fee 806. Mortgage Insurance A lication Fee 807. Assumption Fee 900. Items Required by Lender to be Paid in Advance: 901. Daily interest charge from Jul 19,2021 902. Mortgage Insurance Premium 903. Hazard Insurance Premium 904. Flood Insurance Premium 1000. Reserves Deposited with Lender: 1001. Hazard Insurance 1002. Mortgage Insurance 1003. City Property Taxes 1004. County Property Taxes 1005. Annual Assessments 1100. Title Charges: 1101. Settlement or Closing Fee to Omega National Title Agency,LLC 595.00 495.00 1102. Abstract or Title Search to NationalConsumerTitlelnsuranceCom an 85.00 1103. Title Examination 1104. Title Insurance Binder 1105. Document Preparation 1106. Notary Fees 1107 Attorney Fees (includes above item numbers: 1108. Title Insurance to Omega National Title Agency,LLC 700.00 (includes above item numbers: 1109. Lender's Coverage 0.00 1110. Owner's Coverage 125,000.00 Risk Rate $700.00 Premium: 1200. Government Recording and Transfer Cha es: 1201. Recording Fees: Deed 18.50 Mortgage 0.00 Releases 0.00 18.50 1202. City/County Tax/Stamps: Deed 0.00 Mortgage 0.00 1203. State Tax/Stamps: Deed 875.00 Mortgage 0.00 875.00 1204. Intangible Tax to Clerk of the Circuit Court 1205. Trust Affidavit to Sim lifile 18.50 1206. E-RecordingFee 19.00 1300. Additional Settlement Charges: 1301. Reimbursement of Escrow Deposit to Partyka Group 5,000.00 1302. Pest Inspection 1303. Municipal Lien Search Fee to Pro logix 190.00 1304. Utilities to City of Winter Springs 252.59 1400. Total Settlement Charges(Enter on line 103,Section J and line 502,Section K) $12,667.50 $1,831.09 1 have carefully reviewed the HUD-I Settlement Statement and to the best ofmy knowledge and belief,it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify-that 1 have received a copy of HUD-1 Settlement Statement. Omega National Title Agency,LLC Buyer: . Setter: Larry L.Newman,individually and as Trustee of the Larry L. City of Winter Springs,a Fl da Municipal Corporation Newman Family Living'frust Dated February 7th 1994 Seller: Eleanor D.Newman,individually and as Trustee of the Larry L. Newman Family Living Trust Dated February 71h 1994 'the HUD-1 Settlement Statement which I have prepared is a true and accurate account of this transaction. I have caused or will cause the funds to be disbursed in accordance with the instructions of the parties hereto. Settlement Agent: Date: .Tiny 19,2021 Jillian Crouse WARNING: It is a crime to knowingly make false statements to the United States on this or any other similar form.Penalties upon conviction can include a fine and imprisonment. For details see Title 18 U.S.Code Section 1001 and Section 1010. HUD-1 May 2007 .lulu 15 7!171 rveA PM Settlement Date:July 19,2021 File Number:21.0243JY L. SOUNInent Charges 700. Totai Sales/Broker's Coanmission: Paid from Paid from Based on Price $:129,000.00 is$6,250,00 Duyee's Seller's Division of 6ininissigILgs follows Funds at Funds at 701 Settlement Settlement 702, 6 250.00 to Paqyka Grout) 703. Commission Paid at Settlement 800, Items Payable n etion Vith Loan: 801. Lona Origination Pee 802. Loan Discount 803. A r is 1 e 804. Cradit Report 805 o Pea 806. Mortgage Lasuranco.Applipacion Fee 807. Assuan ion Fee 900, 1teMLB&4jL1rOd by Lender to be Paid ancet 901. PAft interest ebar e from T tl 19 2021 .-902. Merl a e Insurance Prem iu _903. Hazard Insurance Premium _ 904 Flopcl.Insurance Prvm11TM 1000. Reserves Deposited witl ler: 01. Huard Insurance 1002, Mortgage Insurance 1003, City Prow-Lv Taxes 1004. Ourity properly x 1005. Annual Assessinents 1100. Title Chartres: Ilei, Settlement or C195ju FeO toOmega National TitleA enc LLC 595.00 495.00 1102, Abstract or Title Saarch to NationalCottsutnerTitlelttsuranoccoin an 85.00 1103. Title ENgWffiation 110 . Title Ingtrunce Binder 1105, Dorument Pr§purntion 1106. Ng ees 1107. Attorney Fees ; 0ultidos above item numbers: 1108Title Insurance to Omega National Title Agency,LLC _ includes above item n 1 boa' : 700'00 S J,,109. Lender's Coverage O,ltO l 1110. Owner's Coverage 125,000,00 Rts1c Rate $700.00 Premium! _ 1200. Government Recordin r '1''ansferChatr es: 4 120I. Recording Fees: Deet] 18,50 TV-1-p- U.00 Releases 0.00 18. 0 r 1202. Citi) ount T7 aOtamm: Deed _ 0,00 Mortgage 0.00 1203. State Tax/,Stam s: Deed 875.00 Morl a e 0.00 875,00 i 1204. lntan iblo Tax le k of the Circuit COLnt g 1205 Trust Affkl i o uti lifile 1206.t A oo 18:50 19.00 130 d[dj : a Settlement Charges: ,, __...._.- 1301 Rginti7ursement of Escrow Deposit to Par tyka Groun T� 5,000,00 1302. Pest Inspection _ l 13D3,. Nfimiciunl Lien Search Fee to Prodogix � 190 U0 1304. Utilities to City of Winter 5nrin 8 252,59 1.400. Total Settlement Cha �` Section IC�rges l;ner on Line and t 103,Section J line 502 Sfi(r7,50 51,831.09 ., .,., .-. . 5'12, . ... I have carefully reviewers the HOD-1 Settfea,erit Statemuttt and to the best ofmy knowledge and belief,it a true and accurate statement oCall receipts and dist uraameuts mnde oit try account ur by me in this transaction. I further certify that I have received a dopy of[4UD-1 Settlement Siaterient, Omegn Nationaal Title, Agency,LLC City of Winter Springs,it Florida Municipal Corporation Buyer: Seller: Lm-y ,Newman,ind' duall and as Trustee of the La L. Y QTY Shawn Doyle,Authorized Signor Newm or Family Li g It, Dated February 71h 1991 Seller: Eleattorll.7Vnan,in of uatly na t'ust 'o£tlicLatayL. gall-,owt Neivtnnn Family i,iving Tntst Llatcd February 7 1991 The TIUD-1 Settlurn alit Statentent which I have prepared is a true and accurate account orth'rs lransactton i htive caused or will cause the futsds to be,disbursed in n000rdnnoe with the instructions of the parties horoto, Settlement Agent: _- Date: ]uty 19,2021 Tillian Crouse WARNINQ It i5 a criute to knowingly make false statoments to the United States on this or any other ahuilm•form.Penalties upon conviction can include a fine and irnprisontuent For details sau Title Is U.S.Cade Secdon 1001 wtd Section 1010. .,.. . HUD-1*,�Y"2007 July 19,2021:12:63 Pfd Assignment Agreement This agreement concerns the contract between the Buyer,Partyka Group Inc.&/or Assigns,and the Seller,Larry L.Newman,Trustee&Eleanor D.Newman,Trustee,concerning the property described as 120 N.Flamingo Ave,Winter Springs,FL 32708 and dated on June 3,2021. The Buyer is assigning the contract to the new Buyer,City of Winter Springs,a Florida Municipal Corporation,and is effective when both parties have the signed this agreement below. All other terms of the contract remain the same and this agreement will be part of the contract Buyer: Partykarou ;ncZ restign' _ Signature: } Title: f a'"�A�� Date: 7 2 —r New Buyer:City of winter Springs,A arida Municipal Corporation Signature: ` Title; C f Date: Commercial Contract 1. PARTIES AND PROPERTY: Partyka Group Inc. Wor Assigns ("Buyer") 2 agrees to buy and Larry L. Newman,Trustee& Eleanor D. Newman,Trustee ("Seller") 3 agrees to sell the property at: 4 Street Address: 120 N.Flamingo Ave. 5 Winter Springs, FL 32708 6 Legal Description:. LOT 8 BILK 16 NORTH ORLANDO PB 12 PG 11 7 8 and the following Personal Property: NA 9 10 (all collectively referred to as the"Property")on the terms and conditions set forth below. 11 2. PURCHASE PRICE: $ 125,000.00 12 (a) Deposit held in escrow by. As Selected by Seller,Win 3 days of Effective Date__ $ 5,000.00 13 ("Escrow Agent")(checks are subject to actual and final collection) 14 Escrow Agent's address: _ Phone: 15 (b) Additional deposit to be made to Escrow Agent 16 ❑within days (3 days, if left blank)after completion of Due Diligence Period or 17 ❑within days after Effective Date $ 18 (c) Additional deposit to be made to Escrow Agent 19 lwithin days (3 days, if left blank)after completion of Due Diligence Period or 20 within days after Effective Date $ 21 (d) Total financing (see Paragraph 5) $ 22 (e) Other $ 23 (f) All deposits will be credited to the purchase price at closing. 24 Balance to close, subject to adjustments and prorations,to be paid 25 via wire transfer. $ 120,000.00 26 For the purposes of this paragraph, "completion" means the end of the Due Diligence Period or upon delivery of 27 Buyer's written notice of acceptability. 28 3. TIME FOR ACCEPTANCE; EFFECTIVE DATE; COMPUTATION OF TIME: Unless this offer is signed by Seller 29 and Buyer and an executed copy delivered to all parties on or before April 23, 2021 , this offer 30 will be withdrawn and the Buyer's deposit, if any, will be returned. The time for acceptance of any counter offer will be 31 3 days from the date the counter offer is delivered. The "Effective Date" of this Contract is the date on which the 32 last one of the Seller and Buyer has signed or initialed and delivered this offer or the final counter offer or 33 Calendar days will be used when computing time periods, except time periods of 5 34 days or less. Time periods of 5 days or less will be computed without including Saturday, Sunday, or national legal 35 holidays.Any time period ending on a Saturday, Sunday, or national legal holiday will extend until 5:00 p.m. of the next 36 business day. Time is of the essence in this Contract. 37 4. CLOSING DATE AND LOCATION: 38 (a) Closing Date: This transaction will be closed on _see 23. (Closing Date), unless 39 specifically extended by other provisions of this Contract. The Closing Date will prevail over all other time periods 40 including, but not limited to, Financing and Due Diligence periods. In the event insurance underwriting is suspended Buyer V )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 1 of 8 Pages. CC-5 Rev.9/17 ©2017 Florida Realtors Rp VAI Realvesl,1800 Pembrook Drive Suite 350 Orlando,FL 32810 Phone:(407)875-9989 Fax:(407)875-3137 namingo Poul P Partvkn Produced with Lone Wolf Transactions(zipForm Edition)231 Shearson Cr Cambridge,Ontario,Canada N1T 1J5 www(wolf corn 41 on Closing Date and Buyer is unable to obtain property insurance, Buyer may postpone closing up to 5 days after 42 the insurance underwriting suspension is lifted. 43 (b) Location: Closing will take place in SEMINOLE County, Florida. (If left blank, closing will take place in the 44 county where the property is located.)Closing may be conducted by mail or electronic means. 45 5. THIRD PARTY FINANCING: 46 BUYER'S OBLIGATION: On or before na days (5 days if left blank)after Effective Date, Buyer will apply for third 47 party financing in an amount not to exceed % of the purchase price or$ ,with a fixed 48 interest rate not to exceed % per year with an initial variable interest rate not to exceed %,with points or 49 commitment or loan fees not to exceed %of the principal amount, for a term of years, and amortized 50 over years,with additional terms as follows: 51 na 52 Buyer will timely provide any and all credit, employment,financial and other information reasonably required by any 53 lender. Buyer will use good faith and reasonable diligence to(i)obtain Loan Approval within days (45 days if left 54 blank)from Effective Date (Loan Approval Date), (ii) satisfy terms and conditions of the Loan Approval, and (iii)close 55 the loan. Buyer will keep Seller and Broker fully informed about loan application status and authorizes the mortgage 56 broker and lender to disclose all such information to Seller and Broker. Buyer will notify Seller immediately upon 57 obtaining financing or being rejected by a lender. CANCELLATION: If Buyer, after using good faith and reasonable 58 diligence, fails to obtain Loan Approval by Loan Approval Date, Buyer may within na days (3 days if left blank) 59 deliver written notice to Seller stating Buyer either waives this financing contingency or cancels this Contract. 60 If Buyer does neither,then Seller may cancel this Contract by delivering written notice to Buyer at any time thereafter. 61 Unless this financing contingency has been waived,this Contract shall remain subject to the satisfaction, by closing, of 62 those conditions of Loan Approval related to the Property. DEPOSIT(S) (for purposes of Paragraph 5 only): If Buyer 63 has used good faith and reasonable diligence but does not obtain Loan Approval by Loan Approval Date and 64 thereafter either party elects to cancel this Contract as set forth above or the lender fails or refuses to close on or 65 before the Closing Date without fault on Buyer's part, the Deposit(s)shall be returned to Buyer, whereupon both 66 parties will be released from all further obligations under this Contract, except for obligations stated herein as surviving 67 the termination of this Contract. If neither party elects to terminate this Contract as set forth above or Buyer fails to use 68 good faith or reasonable diligence as set forth above, Seller will be entitled to retain the Deposit(s) if the transaction 69 does not close. For purposes of this Contract, "Loan Approval"means a statement by the lender setting forth the terms 70 and conditions upon which the lender is willing to make a particular mortgage loan to a particular buyer. Neither a pre- 71 approval letter not a prequalification letter shall be deemed a Loan Approval for purposes of this Contract. 72 6. TITLE: Seller has the legal capacity to and will convey marketable title to the Property by ❑X statutory warranty 73 deed ❑special warranty deed ❑other na ,free of liens, easements and 74 encumbrances of record or known to Seller, but subject to property taxes for the year of closing; covenants, 75 restrictions and public utility easements of record; existing zoning and governmental regulations; and (list any other 76 matters to which title will be subject) na 77 78 provided there exists at closing no violation of the foregoing and none of them prevents Buyer's intended use of the 79 Property as house 80 (a) Evidence of Title: The party who pays the premium for the title insurance policy will select the closing agent 81 and pay for the title search and closing services. Seller will, at (check one)❑X Seller's❑Buyer's expense and 82 within 5 days after Effective Date or at least days before Closing Date deliver to Buyer(check one) 83 ❑X (i)a title insurance commitment by a Florida licensed title insurer setting forth those matters to be discharged by 84 Seller at or before Closing and, upon Buyer recording the deed, an owner's policy in the amount of the purchase 85 price for fee simple title subject only to exceptions stated above. If Buyer is paying for the evidence of title and 86 Seller has an owner's policy, Seller will deliver a copy to Buyer within 15 days after Effective Date. ❑(ii.)an 87 abstract of title, prepared or brought current by an existing abstract firm or certified as correct by an existing firm. 88 However, if such an abstract is not available to Seller,then a prior owner's title policy acceptable to the proposed 89 insurer as a base for reissuance of coverage may be used. The prior policy will include copies of all policy 90 exceptions and an update in a format acceptable to Buyer from the policy effective date and certified to Buyer or Buyer V)( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 2 of 8 Pages. CC-5 Rev.9/17 ©2017 Florida Realtors® Produced with Lone Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge,Ontario,Canada N1T 1J5 w Awolf.com flamingo 91 Buyer's closing agent together with copies of all documents recited in the prior policy and in the update. If such 92 an abstract or prior policy is not available to Seller then (i.)above will be the evidence of title. 93 (b) Title Examination: Buyer will,within 15 days from receipt of the evidence of title deliver written notice to Seller 94 of title defects. Title will be deemed acceptable to Buyer if(1) Buyer fails to deliver proper notice of defects or(2) 95 Buyer delivers proper written notice and Seller cures the defects within days from receipt of the notice 96 ("Curative Period"). Seller shall use good faith efforts to cure the defects. If the defects are cured within the 97 Curative Period, closing will occur on the latter of 10 days after receipt by Buyer of notice of such curing or the 98 scheduled Closing Date. Seller may elect not to cure defects if Seller reasonably believes any defect cannot be 99 cured within the Curative Period. If the defects are not cured within the Curative Period, Buyer will have 10 days 100 from receipt of notice of Seller's inability to cure the defects to elect whether to terminate this Contract or accept 101 title subject to existing defects and close the transaction without reduction in purchase price. 102 (c) Survey: (check applicable provisions below) 103 (i.) X❑Seller will, within 3 days from Effective Date, deliver to Buyer copies of prior surveys, 104 plans, specifications, and engineering documents, if any, and the following documents relevant to this 105 transaction: 106 copies in owner's possession 107 prepared for Seller or in Seller's possession, which show all currently existing structures. In the event this 108 transaction does not close, all documents provided by Seller will be returned to Seller within 10 days from the 109 date this Contract is terminated. 110 ❑Buyer will, at❑Seller's❑Buyer's expense and within the time period allowed to deliver and examine 111 title evidence,obtain a current certified survey of the Property from a registered surveyor. If the survey reveals 112 encroachments on the Property or that the improvements encroach on the lands of another, ❑Buyer will 113 accept the Property with existing encroachments❑such encroachments will constitute a title defect to be 114 cured within the Curative Period. 115 (d) Ingress and Egress: Seller warrants that the Property presently has ingress and egress. 116 7. PROPERTY CONDITION: Seller will deliver the Property to Buyer at the time agreed in its present"as is"condition, 117 ordinary wear and tear excepted, and will maintain the landscaping and grounds in a comparable condition. Seller 118 makes no warranties other than marketability of title. In the event that the condition of the Property has materially 119 changed since the expiration of the Due Diligence Period, Buyer may elect to terminate the Contract and receive a 120 refund of any and all deposits paid, plus interest, if applicable, or require Seller to return the Property to the required 121 condition existing as of the end of Due Diligence period, the cost of which is not to exceed $ (1.5% of 122 the purchase price, if left blank). By accepting the Property"as is", Buyer waives all claims against Seller for any 123 defects in the Property. (Check(a) or(b)) 124 ❑(a)As Is: Buyer has inspected the Property or waives any right to inspect and accepts the Property in its"as is" 125 condition. 126 X(b) Due Diligence Period: Buyer will, at Buyer's expense and within 30 days from Effective Date ("Due 127 Diligence Period"), determine whether the Property is suitable, in Buyer's sole and absolute discretion. During the 128 term of this Contract, Buyer may conduct any tests, analyses, surveys and investigations ("Inspections")which 129 Buyer deems necessary to determine to Buyer's satisfaction the Property's engineering, architectural, 130 environmental properties;zoning and zoning restrictions;flood zone designation and restrictions; subdivision 131 regulations; soil and grade; availability of access to public roads, water, and other utilities; consistency with local, 132 state and regional growth management and comprehensive land use plans; availability of permits, government 133 approvals and licenses; compliance with American with Disabilities Act; absence of asbestos, soil and ground 134 water contamination; and other inspections that Buyer deems appropriate. Buyer will deliver written notice to 135 Seller prior to the expiration of the Due Diligence Period of Buyer's determination of whether or not the Property 136 is acceptable. Buyer's failure to comply with this notice requirement will constitute acceptance of the Property in 137 its present"as is"condition. Seller grants to Buyer, its agents, contractors and assigns,the right to enter the 138 Property at any time during the term of this Contract for the purpose of conducting Inspections, upon reasonable 139 notice, at a mutually agreed upon time; provided, however, that Buyer, its agents, contractors and assigns enter 140 the Property and conduct Inspections at their own risk. Buyer will indemnify and hold Seller harmless from 141 losses, damages, costs, claims and expenses of any nature, including attorneys'fees at all levels, and from 142 liability to any person, arising from the conduct of any and all inspections or any work authorized by Buyer. Buyer 143 will not engage in any activity that could result in a mechanic's lien being filed against the Property without 144 Seller's prior written consent. In the event this transaction does not close, (1) Buyer will repair all damages to the eu er P )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 3 of 8 P:.irygs. y E � CC-5 Rea 9)'17 ',2,`17 Florida Realtors® Produced with Lone Wolf Transactions(zifform Edition)231 Shearson Cr Cambridge,Ontario,Canada MT U5 www Iwolf.com Ilxming" 145 Property resulting from the Inspections and return the Property to the condition it was in prior to conduct of the 146 Inspections, and (2) Buyer will, at Buyer's expense release to Seller all reports and other work generated as a 147 result of the Inspections. Should Buyer deliver timely notice that the Property is not acceptable, Seller agrees that 148 Buyer's deposit will be immediately returned to Buyer and the Contract terminated. 149 (c) Walk-through Inspection: Buyer may, on the day prior to closing or any other time mutually agreeable to the 150 parties, conduct a final "walk-through" inspection of the Property to determine compliance with this paragraph and 151 to ensure that all Property is on the premises. 152 8. OPERATION OF PROPERTY DURING CONTRACT PERIOD: Seller will continue to operate the Property and any 153 business conducted on the Property in the manner operated prior to Contract and will take no action that would 154 adversely impact the Property after closing, as to tenants, lenders or business, if any. Any changes, such as renting 155 vacant space, that materially affect the Property or Buyer's intended use of the Property will be permitted OX only with 156 Buyer's consent❑without Buyer's consent. 157 9. CLOSING PROCEDURE: Unless otherwise agreed or stated herein, closing procedure shall be in accordance with 158 the norms where the Property is located. 159 (a) Possession and Occupancy: Seller will deliver possession and occupancy of the Property to Buyer at 160 closing. Seller will provide keys, remote controls, and any security/access codes necessary to operate all locks, 161 mailboxes, and security systems. 162 (b) Costs: Buyer will pay Buyer's attorneys'fees, taxes and recording fees on notes, mortgages and financing 163 statements and recording fees for the deed. Seller will pay Seller's attorneys'fees, taxes on the deed and 164 recording fees for documents needed to cure title defects. If Seller is obligated to discharge any encumbrance at or 165 prior to closing and fails to do so, Buyer may use purchase proceeds to satisfy the encumbrances. 166 (c) Documents: Seller will provide the deed; bill of sale; mechanic's lien affidavit; originals of those assignable 167 service and maintenance contracts that will be assumed by Buyer after the Closing Date and letters to each 168 service contractor from Seller advising each of them of the sale of the Property and, if applicable, the transfer of its 169 contract, and any assignable warranties or guarantees received or held by Seller from any manufacturer, 170 contractor, subcontractor, or material supplier in connection with the Property; current copies of the condominium 171 documents, if applicable; assignments of leases, updated rent roll; tenant and lender estoppels letters (if 172 applicable); tenant subordination, non-disturbance and attornment agreements (SNDAs) required by the Buyer or 173 Buyer's lender; assignments of permits and licenses; corrective instruments; and letters notifying tenants of the 174 change in ownership/rental agent. If any tenant refuses to execute an estoppels letter, Seller, if requested by the 175 Buyer in writing, will certify that information regarding the tenant's lease is correct. If Seller is an entity, Seller will 176 deliver a resolution of its governing authority authorizing the sale and delivery of the deed and certification by the 177 appropriate party certifying the resolution and setting forth facts showing the conveyance conforms to the 178 requirements of local law. Seller will transfer security deposits to Buyer. Buyer will provide the closing statement, 179 mortgages and notes, security agreements, and financing statements. 180 (d) Taxes and Prorations: Real estate taxes, personal property taxes on any tangible personal property, bond 181 payments assumed by Buyer, interest, rents (based on actual collected rents), association dues, insurance 182 premiums acceptable to Buyer, and operating expenses will be prorated through the day before closing. If the 183 amount of taxes for the current year cannot be ascertained, rates for the previous year will be used with due 184 allowance being made for improvements and exemptions. Any tax proration based on an estimate will, at request 185 of either party, be readjusted upon receipt of current year's tax bill; this provision will survive closing. 186 (e) Special Assessment Liens: Certified, confirmed, and ratified special assessment liens as of the Closing Date 187 will be paid by Seller. If a certified, confirmed, and ratified special assessment is payable in installments, Seller will 188 pay all installments due and payable on or before the Closing Date, with any installment for any period extending 189 beyond the Closing Date prorated, and Buyer will assume all installments that become due and payable after the 190 Closing Date. Buyer will be responsible for all assessments of any kind which become due and owing after Closing 191 Date, unless an improvement is substantially completed as of Closing Date. If an improvement is substantially 192 completed as of the Closing Date but has not resulted in a lien before closing, Seller will pay the amount of the last 193 estimate of the assessment. This subsection applies to special assessment liens imposed by a public body and 194 does not apply to condominium association special assessments. 195 (f) Foreign Investment in Real Property Tax Act(FIRPTA): If Seller is a "foreign person"as defined by FIRPTA, 196 Seller and Buyer agree to comply with Section 1445 of the Internal Revenue Code. Seller and Buyer will 197 com{q�lte, execute, and deliver as directed any instrument, affidavit, or statement reasonably necessary to comply Buyer. ��311 )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 4 of 8 Pages. CC-5 Rev.9/17 ©2017 Florida Realtors® Produced with Lone Wolf Transactions(zifform Edition)231 Shearson Cr Cambridge,Ontario,Canada MT 1,15 www.lwolf.com Flamingo 198 with the FIRPTA requirements, including delivery of their respective federal taxpayer identification numbers or 199 Social Security Numbers to the closing agent. If Buyer does not pay sufficient cash at closing to meet the 200 withholding requirement, Seller will deliver to Buyer at closing the additional cash necessary to satisfy the 201 requirement. 202 10. ESCROW AGENT: Seller and Buyer authorize Escrow Agent or Closing Agent(collectively"Agent")to receive, 203 deposit, and hold funds and other property in escrow and, subject to collection, disburse them in accordance with the 204 terms of this Contract. The parties agree that Agent will not be liable to any person for misdelivery of escrowed items to 205 Seller or Buyer, unless the misdelivery is due to Agent's willful breach of this Contract or gross negligence. If Agent 206 has doubt as to Agent's duties or obligations under this Contract, Agent may, at Agent's option, (a) hold the escrowed 207 items until the parties mutually agree to its disbursement or until a court of competent jurisdiction or arbitrator 208 determines the rights of the parties or(b)deposit the escrowed items with the clerk of the court having jurisdiction over 209 the matter and file an action in interpleader. Upon notifying the parties of such action, Agent will be released from all 210 liability except for the duty to account for items previously delivered out of escrow. If Agent is a licensed real estate 211 broker,Agent will comply with Chapter 475, Florida Statutes. In any suit in which Agent interpleads the escrowed items 212 or is made a party because of acting as Agent hereunder, Agent will recover reasonable attorney's fees and costs 213 incurred, with these amounts to be paid from and out of the escrowed items and charged and awarded as court costs 214 in favor of the prevailing party. 215 11. CURE PERIOD: Prior to any claim for default being made, a party will have an opportunity to cure any alleged 216 default. If a party fails to comply with any provision of this Contract,the other party will deliver written notice to the non- 217 complying party specifying the non-compliance.The non-complying party will have days (5 days if left blank)after 218 delivery of such notice to cure the non-compliance. Notice and cure shall not apply to failure to close. 219 12. FORCE MAJEURE: Buyer or Seller shall not be required to perform any obligation under this Contract or be liable 220 to each other for damages so long as performance or non-performance of the obligation, or the availability of services, 221 insurance, or required approvals essential to Closing, is disrupted, delayed, caused or prevented by Force Majeure. 222 "Force Majeure" means: hurricanes, floods, extreme weather, earthquakes, fire, or other acts of God, unusual 223 transportation delays, or wars, insurrections, or acts of terrorism, which, by exercise of reasonable diligent effort, the 224 non-performing party is unable in whole or in part to prevent or overcome.All time periods, including Closing Date,will 225 be extended a reasonable time up to 7 days after the Force Majeure no longer prevents performance under this 226 Contract, provided, however, if such Force Majeure continues to prevent performance under this Contract more than 227 30 days beyond Closing Date,then either party may terminate this Contract by delivering written notice to the other 228 and the Deposit shall be refunded to Buyer,thereby releasing Buyer and Seller from all further obligations under this Contract. 229 13. RETURN OF DEPOSIT: Unless otherwise specified in the Contract, in the event any condition of this Contract is 230 not met and Buyer has timely given any required notice regarding the condition having not been met, Buyer's deposit 231 will be returned in accordance with applicable Florida Laws and regulations. 232 14. DEFAULT: 233 (a) In the event the sale is not closed due to any default or failure on the part of Seller other than failure to make 234 the title marketable after diligent effort, Buyer may elect to receive return of Buyer's deposit without thereby 235 waiving any action for damages resulting from Seller's breach and may seek to recover such damages or seek 236 specific performance. If Buyer elects a deposit refund, Seller may be liable to Broker for the full amount of the 237 brokerage fee. 238 (b) In the event the sale is not closed due to any default or failure on the part of Buyer, Seller may either(1) 239 retain all deposit(s) paid or agreed to be paid by Buyer as agreed upon liquidated damages, consideration for the 240 execution of this Contract, and in full settlement of any claims, upon which this Contract will terminate or(2)seek 241 specific performance. If Buyer fails to timely place a deposit as required by this Contract, Seller may either(1) 242 terminate the Contract and seek the remedy outlined in this subparagraph or(2)proceed with the Contract without 243 waiving any remedy for Buyer's default. 244 15. ATTORNEY'S FEES AND COSTS: In any claim or controversy arising out of or relating to this Contract, the 245 prevailing party,which for purposes of this provision will include Buyer, Seller and Broker, will be awarded reasonable 246 attorneys'fees, costs, and expenses. 247 16. NOTICES: All notices will be in writing and may be delivered by mail, overnight courier, personal delivery, or 248 electronic means. Parties agree to send all notices to addresses specified on the signature page(s). Any notice, 249 document, or item given by or delivered to an attorney or real estate licensee (including a transaction broker) 250 representing a party will be as effective as if given by or delivered to that party. Buyer( )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 5 of 8 Pages. CC-5 Rev-9/17 ©2017 Florida Realtors@ Produced with Lone Wolf Transactions(zipForm Edition)231 Shearson Cr Cambridge,Ontario,Canada N1T 1J5 www.lwolf.com llumingu 251 17. DISCLOSURES: 252 (a) Commercial Real Estate Sales Commission Lien Act: The Florida Commercial Real Estate Sales 253 Commission Lien Act provides that a broker has a lien upon the owner's net proceeds from the sale of 254 commercial real estate for any commission earned by the broker under a brokerage agreement. The lien upon the 255 owner's net proceeds is a lien upon personal property which attaches to the owner's net proceeds and does not 256 attach to any interest in real property. This lien right cannot be waived before the commission is earned. 257 (b) Special Assessment Liens Imposed by Public Body: The Property may be subject to unpaid special 258 assessment lien(s) imposed by a public body. (A public body includes a Community Development District.)Such 259 liens, if any, shall be paid as set forth in Paragraph 9(e). 260 (c) Radon Gas: Radon is a naturally occurring radioactive gas that, when it has accumulated in a building in 261 sufficient quantities, may present health risks to persons who are exposed to it over time. Levels of radon that 262 exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding radon 263 and radon testing may be obtained from your county public health unit. 264 (d) Energy-Efficiency Rating Information: Buyer acknowledges receipt of the information brochure required by 265 Section 553.996, Florida Statutes. 266 18. RISK OF LOSS: 267 (a) If, after the Effective Date and before closing, the Property is damaged by fire or other casualty, Seller will 268 bear the risk of loss and Buyer may cancel this Contract without liability and the deposit(s)will be returned to 269 Buyer.Alternatively, Buyer will have the option of purchasing the Property at the agreed upon purchase price and 270 Seller will credit the deductible, if any and transfer to Buyer at closing any insurance proceeds, or Seller's claim 271 to any insurance proceeds payable for the damage. Seller will cooperate with and assist Buyer in collecting any 272 such proceeds. Seller shall not settle any insurance claim for damage caused by casualty without the consent of 273 the Buyer. 274 (b) If, after the Effective Date and before closing, any part of the Property is taken in condemnation or under the 275 right of eminent domain, or proceedings for such taking will be pending or threatened, Buyer may cancel this 276 Contract without liability and the deposit(s)will be returned to Buyer.Alternatively, Buyer will have the option of 277 purchasing what is left of the Property at the agreed upon purchase price and Seller will transfer to the Buyer at 278 closing the proceeds of any award, or Seller's claim to any award payable for the taking. Seller will cooperate 279 with and assist Buyer in collecting any such award. 280 19. ASSIGNABILITY; PERSONS BOUND: This Contract may be assigned to a related entity, and otherwise❑is not 281 assignable X❑is assignable. If this Contract may be assigned, Buyer shall deliver a copy of the assignment agreement 282 to the Seller at least 5 days prior to Closing. The terms "Buyer," "Seller" and "Broker" may be singular or plural. This 283 Contract is binding upon Buyer, Seller and their heirs, personal representatives, successors and assigns (if 284 assignment is permitted). 285 20. MISCELLANEOUS: The terms of this Contract constitute the entire agreement between Buyer and Seller. 286 Modifications of this Contract will not be binding unless in writing, signed and delivered by the party to be bound. 287 Signatures, initials, documents referenced in this Contract, counterparts and written modifications communicated 288 electronically or on paper will be acceptable for all purposes, including delivery, and will be binding. Handwritten or 289 typewritten terms inserted in or attached to this Contract prevail over preprinted terms. If any provision of this Contract 290 is or becomes invalid or unenforceable, all remaining provisions will continue to be fully effective. This Contract will be 291 construed under Florida law and will not be recorded in any public records. 292 21. BROKERS: Neither Seller nor Buyer has used the services of, or for any other reason owes compensation to, a 293 licensed real estate Broker other than: 294 (a) Seller's Broker: na (Company Name) (Licensee) 295 (Address,Telephone,Fax,E-mail) 296 who❑is a single agent❑is a transaction broker❑has no brokerage relationship and who will be compensated by 297 ❑Seller❑Buyer❑both parties pursuant to❑a listing agreement❑other(specify) na 298 299 300 (b) Buyer's Broker: Partyka Group-Paul P Partyka, Pres Paul P Partyka, Pres (Company Name) (Licensee) 301 1800 Pembrook Dr Ste 350,Orlando,FL 32810-6304 We) (Address,Telephone,Fax,E-mail) Buyer(We)( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 6 of 8 Pages. CC-5 Rev 9117 02017 Florida Realtors® Produced with Lone Wolf Transactions(zipForm Edition)231 Shearson Cr,Cambridge,Ontario,Canada N1T 1,15 www,lwolf.com 11—hug. 302 who❑X is a single agent❑is a transaction broker❑has no brokerage relationship and who will be compensated by 303 ❑Seller's Broker❑SellerX❑Buyer❑both parties pursuant to❑an MLS offer of compensation❑other(specify) 304 na 305 (collectively referred to as"Broker") in connection with any act relating to the Property, including but not limited to 306 inquiries, introductions, consultations, and negotiations resulting in this transaction. Seller and Buyer agree to 307 indemnify and hold Broker harmless from and against losses, damages, costs and expenses of any kind, including 308 reasonable attorneys'fees at all levels,and from liability to any person,arising from (1)compensation claimed which is 309 inconsistent with the representation in this Paragraph, (2)enforcement action to collect a brokerage fee pursuant to 310 Paragraph 10, (3)any duty accepted by Broker at the request of Seller or Buyer, which is beyond the scope of 311 services regulated by Chapter 475, Florida Statutes, as amended,or(4)recommendations of or services provided and 312 expenses incurred by any third parry whom Broker refers, recommends,or retains for or on behalf of Seller or Buyer. 313 22. OPTIONAL CLAUSES: (Check if any of the following clauses are applicable and are attached as an addendum to 314 this Contract): 315 Arbitration Seller Warranty Existing Mortgage 316 Section 1031 Exchange Coastal Construction Control Line Buyer's Attorney Approval 317 Property Inspection and Repair Flood Area Hazard Zone Seller's Attorney Approval 318 Seller Representations Seller Financing Other 319 23. ADDITIONAL TERMS: 320 a. closing will occur within 5 days after end of the Due Diligence Period. 321 b. Seller will determine the closing agent. Buyer can help if need be. 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD, SEEK THE 343 ADVICE OF AN ATTORNEY PRIOR TO SIGNING. BROKER ADVISES BUYER AND SELLER TO VERIFY ALL 344 FACTS AND REPRESENTATIONS THAT ARE IMPORTANT TO THEM AND TO CONSULT AN APPROPRIATE 345 PROFESSIONAL FOR LEGAL ADVICE (FOR EXAMPLE, INTERPRETING CONTRACTS, DETERMINING THE 346 EFFECT OF LAWS ON THE PROPERTY AND TRANSACTION, STATUS OF TITLE, FOREIGN INVESTOR 347 REPORTING REQUIREMENTS, ETC.)AND FOR TAX, PROPERTY CONDITION, ENVIRONMENTAL AND OTHER Buyer QK- )( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 7 of 8 Pages CC-5 Rev.9/17 ©2017 Florida Realtors@ Produced with Lone Wolf Transactions(zipForm Edition)231 Shearson Cr Cambridge,Ontario,Canada N1T 1J5 www(wolf com flamingo 348 ADVICE. BUYER ACKNOWLEDGES THAT BROKER DOES NOT OCCUPY THE PROPERTY AND THAT ALL 349 REPRESENTATIONS (ORAL,WRITTEN OR OTHERWISE) BY BROKER ARE BASED ON SELLER 350 REPRESENTATIONS OR PUBLIC RECORDS UNLESS BROKER INDICATES PERSONAL VERIFICATION OF 351 THE REPRESENTATION. BUYER AGREES TO RELY SOLELY ON SELLER, PROFESSIONAL INSPECTORS AND 352 GOVERNMENTAL AGENCIES FOR VERIFICATION OF THE PROPERTY CONDITION, SQUARE FOOTAGE AND 353 FACTS THAT MATERIALLY AFFECT PROPERTY VALUE. 354 Each person signing this Contract on behalf of a party that is a business entity represents and warrants to the other 355 party that such signatory has full power and authority to enter into and perform this Contract in accordance with its 356 terms incl e h person exe g this Contract and other documents on behalf of such party has been duly authorized 357 to do so. 358 � Date: �.r � (Signature a Buyer) 359 Paul P Partyka for PGI Tax ID No.: (Typed or Printed Name of Buyer) 360 Title: President Telephone: (407)341-08 5 361 Date: (Signature of Buyer) 362 Tax ID No.: (Typed or Printed Name of Buyer) 363 Title: Telephone: 364 Buyer's Address for purpose of notice 365 Facsimile: E-mail: 366 Date: (Signature of Seller) 367 Tax ID No. (Typed or Printed Name of Seller) 368 Title: Telephone: 369 Date: (Signature of Seller) 370 Tax ID No. _ (Typed or Printed Name of Seller) 371 Title: Telephone: 372 Seller's Address for purpose of notice 373 Facsimile: E-mail- The Florida Association of REALTORS@ makes no representation as to the legal validity or adequacy of any provision of this form in any specific transaction.This standardized form should not be used in complex transactions or with extensive riders or additions.This form is available for use by the entire real estate industry and is not intended to identify the user as a REALTOR& REALTORO is a registered collective membership mark which may be used only by real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS@ and who subscribe to its Code of Ethics.The copyright laws of the United States(17 U.S.Code)forbid the unauthorized reproduction of this form by any means including facsimile or Buyer(V)( )and Seller( )( )acknowledge receipt of a copy of this page,which is Page 8 of 8 Pages. CC-5 Rev.9117 ©2017 Florida Realtors@ Produced with Lone Wolf Transactions(zipForm Edition)231 Shearson Cr.Cambridge,Ontario,Canada N1T 1J5 www.lwolf com flamingo A. U.S.DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT B. TYPE OF LOAN SETTLEMENT STATEMENT Omega National Title Agency,LLC I. F-]FHA 2. ❑FMxA 3. ❑CONV.UNINS. 225 South Westmonte Drive,Suite 2050 4. ❑VA 5. ❑CONV.INS. Altamonte Springs,Florida 32714 321-207-0465 fax321-207-0466 6.File Number 7.Lo.Number 21-0243JY 8.Mortgage I-Case No.: C.NOTE: This form is furnished to give you a statement of actual settlement costs.Amounts paid to and by the settlement agent are shown.Items marked (poc)were paid outside the closing. They are shown here for informational purposes and are not included in the totals. D.Buyer: City of Winter Springs,a Florida Municipal Corporation Larry L.Newman,individually and as Trustee of the Larry L.Newman Family Living Trust Dated February 7th 1994 and Eleanor D.Newman, E.Seller: individually and as Trustee of the P.O.Box 785 Larry L.Newman Family Living Sunbury,Pennsylvania 17801 Trust Dated February 7th 1994 P.O.Box 785 Sunbury,Pennsylvania 17801 F.Lender: CASH 120 N Flamingo Avenue G.Property: Winter Springs,Seminole County,Florida 32708 Lot 8,Block 16,NORTH ORLANDO,Book 12,Page 10 and 11,Seminole County,Florida H.Settlement Agent: Omega National Title Agency,LLC Place of Settlement: 225 South Westmonte Drive,Suite 2050,Altamonte Springs,Florida 32714 Seminole County L Settlement Date: July 19,2021 J. Summary of Buyer's Transaction K Summary of Seller's Transaction 100.Gross Amount Due From Buyer: 400.Gross Amount Due To Seller: 101. Contract Sales Price 125,000.00 401. Contract Sales Price 125,000.00 102. Personal Property 402. Personal Property 103. Settlement Charges to Buyer(line 1400) 12,667.50 403. Adjustments for Items Paid by Seller in Advance: Adjustments for Items Paid by Seller in Advance: 106. City/Town Taxes 406. City/Town Taxes 107. County/Parish Taxes 407. County/Parish Taxes 108. Assessments 408. Assessments 120. Gross Amount Due from Buyer: 137,667.50 420. Gross Amount Due to Seller: 125,000.00 200. Amounts Paid by or in Behalf of Buyer: 500. Reductions in Amount Due to Seller: 201. Deposit/Earnest Money 5,000.00 501. Excess Deposit(see instructions) 202. Principal Amount of New Loan 502. Settlement Charges to Seller(Line 1400) 1,831.09 203. Existing Loan(s) 503. Existing Loan(s) 204. 504. Payoff of First Mortgage 205. 505. Payoff of Second Mortgage 206. 506. Purchase Money Mortgage Adjustments for Items Unpaid by Seller: Adjustments for Items Unpaid by Seller: 210. Cit /Town Taxes 510. Cit /Town Taxes 211. County/Parish Taxes Jan 1,2021 thru Jul 18, 914.89 511. County/Parish Taxes Jan 1,2021 thru Jul 18, 914.89 2021 2021 212. Assessments 512. Assessments 220. Total Paid by/for Buyer: 5,914.89 520. Total Reductions in Amount Due Seller: 2,745.98 300. Cash at Settlement from/to Buyer: 600. Cash at Settlement to/from Seller: 301. Gross Amount due from Buyer(line 120) 137,667.50 601. Gross Amount due to Seller(line 420) 125,000.00 302. Less Amount Paid by/for Buyer(line 220) 5,914.89 602. Less Reductions Amount due Seller(line 520) 2,745.98 303. Cash From Buyer: $131,752.61 603. Cash To Seller: $122,254.02 HUD-1 May 2007 July 15,2021 5:54 PM Settlement Date:July 19,2021 File Number:21-0243JY L. Settlement Charges 700. Total Sales/Broker's Commission: Paid from Paid from Based on Price $125,000.00 is$6,250.00 Buyer's Seller's Division of Commission as follows Funds at Funds at 701. Settlement Settlement 702. 6,250.00 to Partyka Group 703. Commission Paid at Settlement 6,250.00 800. Items Payable in Connection with Loan: 801. Loan Origination Fee 802. Loan Discount 803. Appraisal Fee 804. Credit Report 805. Lender's Inspection Fee 806. Mortgage Insurance Application Fee 807. Assumption Fee 900. Items Required by Lender to be Paid in Advance: 901. Daily interest charge from Jul 19,2021 902. Mortgage Insurance Premium 903. Hazard Insurance Premium 904. Flood Insurance Premium 1000. Reserves Deposited with Lender: 1001. Hazard Insurance 1002. Mortgage Insurance 1003. City Property Taxes 1004. County Property Taxes 1005. Annual Assessments 1100. Title Charges: 1101. Settlement or Closing Fee to Omega National Title Agency,LLC 595.00 495.00 1102. Abstract or Title Search to NationalConsumerTitleInsuranceCompany 85.00 1103. Title Examination 1104. Title Insurance Binder 1105. Document Preparation 1106. Notary Fees 1107. Attorney Fees (includes above item numbers: 1108. Title Insurance to Omega National Title Agency,LLC 700.00 (includes above item numbers: 1109. Lender's Coverage 0.00 1110. Owner's Coverage 125,000.00 Risk Rate $700.00 Premium: 1200. Government Recording and Transfer Charges: 1201. Recording Fees: Deed 18.50 Mortgage 0.00 Releases 0.00 18.50 1202. City/County Tax/Stamps: Deed 0.00 Mortgage 0.00 1203. State Tax/Stamps: Deed 875.00 Mortgage 0.00 875.00 1204. Intangible Tax to Clerk of the Circuit Court 1205. Trust Affidavit to Simplifile 18.50 1206. E-Recording Fee 19.00 1300. Additional Settlement Charges: 1301. Reimbursement of Escrow Deposit to Partyka Group 5,000.00 1302. Pest Inspection 1303. Municipal Lien Search Fee to Proplogix 190.00 1304. Utilities to City of Winter Springs 252.59 1400. Total Settlement Charges(Enter on line 103,Section J and line 502,Section K) $12,667.50 $1,831.09 I have carefully reviewed the HUD-1 Settlement Statement and to the best of my knowledge and belief,it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. I further certify that I have received a copy of HUD-1 Settlement Statement. Omega National Title Agency,LLC Buyer: Seller: Larry L.Newman,individually and as Trustee of the Larry L. City of Winter Springs,a Florida Municipal Corporation Newman Family Living Trust Dated February 7th 1994 Seller: Eleanor D.Newman,individually and as Trustee of the Larry L. Newman Family Living Trust Dated February 7th 1994 The HUD-1 Settlement Statement which I have prepared is a true and accurate account of this transaction. I have caused or will cause the funds to be disbursed in accordance with the instructions of the parties hereto. Settlement Agent: Date: July 19,2021 Jillian Crouse WARNING: It is a crime to knowingly make false statements to the United States on this or any other similar form.Penalties upon conviction can include a fine and imprisonment. For details see Title 18 U.S.Code Section 1001 and Section 1010. HUD-1 May 2007 July 15,2021 5:54 PM Addendum to Contract .' r�_ m a��I- `sr -!. - `etc f Jure 2 ?021 hPhw�!'s -UeHUUirl OW. it to thu i.rJiita- iii...Lila {i�'iiv�i�v' - - m- _ - -- - Larry L. Newman Trustee&Eleanor D. Newman,Trustee (Seller) and Partyka Group Inc.Wor Assigns (Buyer) concerning the property describac' as: 120 N Plan:ln^o Ave winter Spring FL 32708 (the"Contract").Seller and Buyer make the following terms and conditions part of the Contract: a. Extend the Due Diligence Period from July 3,2021 to July 14,2021 b. The closing date will be extended five (5)days after the end of the Due Diligence Period to July 19,2021 Buyer: Date: Partyka Group Inc.&rlor.A.ssltjllxo Buyer: (, Date: Seller: �= Date: ewman,Trustee&Eleanor D.Newman,Trustee lZ Seller. � rte^ - j& Date: 671o , ACSP-4 Rev 6/17 ®2017 Florida%Realtors@ %AV Re hML 1800 Pembrook 131he Suitt 350 Or eAdo,Ff.32810 Phone:(497)875-9989 Fax:(417)8713137 RfarMRa Ped P ParhkOa Produmd with Lone Wog Transactions(zifform Edition)231 Shearson Cr.Cambridge,Ontano.Canada N1T US www.W.00m I IVA Realvest" July 8, 2021 Shawn Boyle City Manager City Of Winter Springs Re: Valuation— 120 N. Flamingo Ave., Winter Springs, FL 32708 This provides details and valuation on the following property: Property Description Owner: Larry L. Newman & Eleanor D. Newman, Trustees34 Parcel ID: 34-20-30-507-1600-0080(Seminole County) Location: 120 N. Flamingo Ave., Winter Springs,FL 32708 Size: house - 1656 SF, 3 bedrooms,. 1 1/2 bath Land— .191 Acres (8,320 SF) Year Built: 1959 Use: Rental Property Zoning: R-lA City of Winter Springs Winter Springs is a very dynamic real estate market. The city has grown its town center over the past 20+years and is adding to that with a new retail center that is under construction. The residential market in the city is strong both for new construction houses and older home resales. The housing market continue to trend upwards with no significant slowdown in the foreseeable future. Valuation During the past year, 2 houses were sold in the immediate area. 161 N Edgemon Avenue on August 19, 2020 for$152,500 and 11 N Edgemon Avenue for $145,000 on Jan 8, 2021. They are both comparable in size of house/lot and approximate age. The average of both houses is $148,750 and a modest price increase factor of 3% is $153, 212 rounded to $153,500. The surrounding neighborhood values range from $160 - 185,000. Realtor.com has this property estimated at$170,900. Taking into account cost of renovation (estimated at $25,000) gives a net valuation of$128,000 and with the strong market this could be $135,000-140,000. Regards, Paul P. Partyka, CCIIVI, MICP, CIPS Partner,NAI Realvest 1800 Pembrook Drive Suite 350 Orlando, Florida USA 32810 +1 407 875 9989 nairealvest.com 00, ill w Edit ave Shure *** More 3 bd 1 .5 ba 960 sgft 120 N Flamingo Ave, Winter Springs, FL 32708 • Off market Zestimate-�: $199,927 Rent Zestimate : 1,300/rno ------------------------- Est. refi payment: $904/mo 0 Refinance your loan zillow VSave Share -- More $3501,000 . bd 2ba 912sgft 310 Wagner Point, Winter Springs, FL 32708 • For sale Zestimate : 5346,297