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Property_Title_11/17/2010
..F. rN•N,,. .hr.•,.. . .r r ±r...ii.f. irh.Ni N•..N rh.,N N rN,aN dH.y. .v 4,N, r.:}e FATIC 524 - Policy No. FA-35- 17 2 7 8 9 7 POLICY Our TITLE INSURANCE M 5. a ISSUED BY c First American Title Insurance Comp, �: SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED IN SCHEDULE B AND THE ' CONDITIONS AND STIPULATIONS,FIRST AMERICAN TITLE INSURANCE COMPANY,a California corporation,herein called the Company, insures,as of Date of Policy shown in Schedule A,against loss or damage,not exceeding the Amount of Insurance stated in Schedule A, + sustained or incurred by the Insured by reason of: 1. Title to the estate or interest described in Schedule A being vested other than as stated therein; 2. Any defect in or lien or encumbrance on the title; '„ ' 3. Unmarketability of the title; r s �I 4. Lack of a right of access to and from the land. " ' The Company will also pay the costs,attorneys'fees and expenses incurred in defense of the title,as insured,but only to the extent provided in the Conditions and Stipulations. " First American Title Insurance Company • ` � BY PRESIDENT ATTEST SECRETARY " iN.y (TP 10/99) ALTA Owner's Policy(10-17-92) (With Florida Modifications) r'f N, `.0 u'y+' .;r i=.. 4• ti - � «y hl,n• ,w...t'� ,lf `,'tli ��� 1 / I I B i:: ....._... .... .........o-.\.ova.,....:.:.:�:::�::. ....._. � First American / Company flu k. CIt) w POLICY SIE INS TITLE ' A.to +' Ell i W pR P OB INSURANCI]PU N SEPTEMBER 24, 3 1968 a � gto y ... JI �i f .. r:'.:l d ". r t: .. :'..'�f I Y, 1=� d _ 4,.. •.'et' - EXCLUSIONS FROM COVERAGE The following matters are expressly excluded from the coverage of this policy and the Company will not pay loss or damage,costs,attorneys'fees or expenses which arise by reason of: 1. (a) Any law,ordinance or governmental regulation (including but not limited to building and zoning laws, ordinances, or regulations)restricting,regulating,prohibiting or relating to (i) the occupancy, use,or enjoyment of the land; (ii)the character, dimensions or location of any improvement now or hereafter erected on the land; (iii)a separation in ownership or a change in the dimensions or area of the land or any parcel of which the land is or was a part;or(iv)environmental protection,or the effect of any violation of these laws,ordinances or governmental regulations,except to the extent that a notice of the enforcement thereof or a notice of a defect,lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. (b) Any governmental police power not excluded by(a)above,except to the extent that a notice of the exercise thereof or a notice of a defect,lien or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy. 2. Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy,but not excluding from coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without knowledge. 3. Defects,liens,encumbrances,adverse claims or other matters: (a) created,suffered,assumed or agreed to by the insured claimant; (b) not known to the Company, not recorded in the public records at Date of Policy,but known to the insured claimant and not disclosed in writing to the Company by the insured claimant prior to the date the insured claimant became an insured under this policy; (c) resulting in no loss or damage to the insured claimant; (d) attaching or created subsequent to Date of Policy;or e resulting in loss or damage which would not have been sustained if the insured claimant had aid value for the estate or interest insured b this policy. ( ) 8 8 P Y Po Y 4. Any claim, which arises out of the transaction vesting in the insured the estate or interest insured by this policy, by reason of the operation of federal bankruptcy, state insolvency,or similar creditors'rights laws,that is based on: (a) the transaction creating the estate or interest insured by this policy being deemed a fraudulent conveyance or fraudulent transfer;or (b) the transaction creating the estate or interest insured by this policy being deemed a preferential transfer P except wherethe referential transfer results from the failure: (i) to timely record the instrument of transfer;or (ii) of such recordation to impart notice to a purchaser for value or a judgment or lien creditor. CONDITIONS AND STIPULATIONS 1.DEFINITION OF TERMS. All information designated as confidential by the If loss should result from any act of the insured The following terms when used in this policy mean: insured claimant provided to the Company pursuant to claimant, as stated above, that act shall not void this (a) "insured':the insured named in Schedule A,and, this Section shall not be disclosed to others unless, in policy,but the Company,in that event,shall be required subject to any rights or defenses the Company would the reasonable judgment of the Company,it is necessary to pay only that part of any losses insured against by have then mead st against the named the named insured,those o e anon succeed law in the administration of the claim. Failure of the insured this policy which shall exceed the amount,if any,lost to to distinguished from purchase including, but not claimant to submit for examination under oath,produce the Company by reason of the impairment by the P 8> other reasonably requested information or grant limited to, heirs, distributees, devisees, survivors, insured claimant of the Company's right of subrogation. permission to secure reasonably necessary information personal representatives, next of kin, or corporate or from third parties as required in this paragraph shall ro) The Company's Rights Against Non-insured fiduciary successors. terminate an liability of the Company under thispolicyOblieors. (b) insured claimant": an insured claiming loss or as to that claim. y P y The Company's right of subrogation against non- damage. 6.OPTIONS TO PAY OR OTHERWISE SETTLE insured obligors shall exist and shall include, without (c) knowledge" or"known": actual knowledge, not CLAIMS TERMINATION OF LIABILITY. limitation, the rights of the insured to indemnities, constructive knowledge or notice which may be imputed to an insured by reason of the public records as In case of a claim under this policy, the Company guaranties, other policies of insurance or bonds, defined in this policy or any other records which impart shall have the following additional options: notwithstanding any terms or conditions contained in constructive notice of matters affecting the land. (a) To Pay or Tender Payment of the Amount of those instruments which provide for subrogation rights (d) "land": the land described or referred to in Insurance. by reason of this policy. Schedule(A), and improvements affixed thereto which (i) To pay or tender payment of the amount of 14. ARBITRATION. by law constitute realpproperty. The term "land" does insurance under this policy together with any costs, Unless prohibited by applicable law, arbitration not include any prodperty bbi.eeSyond the lines of the area attorneys' fees, and expenses incurred by the insured pursuant to the Title Insurance Arbitration Rules of idesitle described ed or,referre or easement 1e ,horn n sir right, claimant,which were authorized by the Company,up to the American Arbitration Association may be roles, avenues,estate alleys, lanes, en s or butting streets, but the time of payment or tender of payment and which the demanded if agreed to by both the Company and the Y Y Company is obligated to pay.nothing herein shall modify or limit the extent to which (it)) Upon the exercise by the CompanyInsured. Arbitrable matters may of this y include, but are not a right of access to and from the land is insured by this option,a liability and obligations to the insured under limited to, any controversy or claim between the policy." this policy, other than to make the payment required, Company and the Insured arising out of or relating to (e) "mortgage": mortgage, deed of trust, trust deed, P Y this policy,and service o the Company in connection or other secant instrument. shall terminate,including any liability or obiligalion to po y f p° y (f) "public records": records established under state defend, prosecute, or continue any litigation, and the with its issuance or the breach of a policy provision or statutes at Date of Policy for the purpose of imparting policy shall be surrendered to the Company for other obligation. Arbitration pursuant to this policy constructive notice of matters relating to real property to cancellation. and under the Rules in effect on the date the demand purchasers for value and without knowledge. With (b) To Pay or Otherwise Settle With Parties Other for arbitration is made or,at the option of the Insured, respect to Section l(a)(iv) of the Exclusions From than the Insured or With the Insured Claimant. the Rules in effect at Date of Policy shall be binding Coverage, "public records" shall also include (i)to pay or otherwise settle with other parties for upon the parties. The award may include attorneys' environmentar protection liens filed in the records of the or in the name of an insured claimant any claim insured fees only if the laws of the state in which the land is clerk of the United States district court for the district in against under this policy, together with any costs, located permit a court to award attorneys'fees to a which the land is located. attorneys' fees, and expenses incurred by the insured prevailing party. Judgment upon the award rendered (g) "unmarketability of the title": an alleged or claimant which were authorized by the Company up to by the Arbitrator(s) may be entered in any court apparent matter affecting the title to the land, not the time of payment and which the Company is havingjurisdiction thereof. excluded or excepted from coverage, which would obligated to pay;or The law of the situs of the land shall apply to an entitle a purchaser of the estate or interest described in (it) to pay or otherwise settle with the insured PP Y Schedule A to be released from the obligation to claimant the loss or damage provided for under this arbitration under the Title Insurance Arbitration Rules. purchase by virtue of a contractual condition requiring policy, together with any costs, attorneys' fees, and A copy of the Rules may be obtained from the the delivery of marketable title. expenses incurred by the insured claimant which were Company upon request. 2.CONTINUATION OF INSURANCE AFTER authorized by the Company up to the time of payment 15. LIABILITY LIMITED TO THIS POLICY; CONVEYANCE OF TITLE. and which the Company is obligated to pay. POLICY ENTIRE CONTRACT. The coverage of this policy shall continue in force as of Date of Policy in favor of an insured only so long as the Upon the exercise by the Company of either of the (a) This policy together with all endorsements, if insured retains an estate or interest in the land,or holds options provided for in paragraphs (b)(i) or (ii), the any,attached hereto by the Company is the entire policy an indebtedness secured by a purchase money mortgage Company's obligations to the insured under this policy and contract between the insured and the Company. In given by a purchaser from the insured,or only so long for the claimed loss or damage,other than the payments interpreting any provision of this policy, this policy as the insured shall have liability by reason of covenants required to be made, shall terminate, including any shall be construed as a whole. of warranty made by the insured in any transfer or liability or obligation to defend, prosecute or continue (b) Any claim of loss or damage, whether or not conveyance of the estate or interest. This policy shall any litigation. based on negligence,and which arises out of the status not continue in force in favor of any purchaser from the 7.DETERMINATION,EXTENT OF LIABILITY of the title to the estate or interest covered hereby or by insured of either(i)an estate or interest in the land,or AND COINSURANCE. any action asserting such claim, shall be restricted to (ii) an indebtedness secured by a purchase money This policy is a contract of indemnity against actual this policy. mortgage given to the insured. monetary loss or damage sustained or incurred by the P y. 3.NOTICE OF CLAIM TO BE GIVEN BY insured claimant who has suffered loss or damage by (c) No amendment of or endorsement to this INSURED CLAIMANT. reason of matters insured against by this policy and only Policy can be made except by a writing endorsed hereon The insured shall notify the Company Promptly in to the extent herein described. or attached hereto signed by either the President,a Vice writing(i)in case of any litigation as set forth in Section (a) The liability of the Company under this policy President, the Secretary, an Assistant Secretary, or 4(a) below, (ii) in case knowledge shall come to an shall not exceed the least of: validating officer or authorized signatory of the insured hereunder of any claim of title or interest which (i)the Amount of Insurance stated in Schedule A; Company. is adverse to the title to the estate or interest,as insured, or, and which might cause loss or damage for which the (ii)the difference between the value of the insured 16. SEVERABILITY. Company may be liable by virtue of tfiis policy,or((iii) estate or interest as insured and the value of the insured In the event any provision of the policy is held if title to the estate or interest,as insured,is rejected as estate or interest subject to the defect, lien or invalid or unenforceable under applicable law, the unmarketable. If prompt notice shall not be given to the encumbrance insured against by this policy. policy shall be deemed not to include that provision and Company, then as to the insured all liability of the Company shall terminate with regard to the matter or (b) (This paragraph dealing with Coinsurance was all other provisions shall remain in full force and effect. matters for which prompt notice is required; provided, removed from Florida policies.) 17. NOTICES,WHERE SENT. however,that failure to notify the Company shall in no (c) The Company will pay only those costs, All notices required to be given the Company and case prejudice the rights of any insured under this policy attorneys'fees and expenses incurred in accordance with any statement in writing required to be furnished the unless the Company shall be prejudiced by the failure Section 4 of these Conditions and Stipulations. Company shall include the number of this policy and and then only to the extent of the re ice. S.APPORTIONMENT. shall be addressed to the Company, Attention: Claims 4.DEFENSE AND PROSECUIN OF ACTIONS• If the land described in Schedule A consists of two or Department, 1 First American Way, Santa Ana, DUTY OF INSURED CLAIMANT Tit more parcels which are not used as a single site,and a California 92707. COOPERATE. loss is established affecting one or more of the parcels (a)Upon written request by the insured and subject to g the options contained in Section 6 of these Conditions but not all,the loss shall be computed and settled on a and Stipulations, the Company, at its own cost and pro rata basis as if the amount of insurance under this without unreasonable delay, shall provide for the policy was divided pro rata as to the value on Date of defense of an insured in litigation in which any third Policy of each separate parcel to the whole,exclusive of party asserts a claim adverse to the title or interest as any improvements made subsequent to Date of Policy, insured, but only as to those stated causes of action unless a liability or value has otherwise been agreed alleging a defect, lien or encumbrance or other matter upon as to each parcel by the Company and the insured insured against by this policy. The Company shall have at the time of the issuance of this policy and shown b the right to select counsel of its choice (subject to the P y y right of the insured to object for reasonable cause) to an express statement or by an endorsement attached to represent the insured as to those stated causes of action this policy. and shall not be liable for and will not pay the fees of 9.LIMITATION OF LIABILITY. any other counsel. The Company will not pay any fees, (a) If the Company establishes the title, or removes costs or expenses incurred by the insured in the defense the alleged defect, lien or encumbrance, or cures the of those causes of action which allege matters not lack of a right of access to or from the land,or cures the insured against by this policy. claim of unmarketability of title, all as insured, in a (b)The Company shall have the right,at its own cost, climofdiligent manner b e, method, red, i to institute and prosecute any action or proceeding or toreasonably g Y yincluding do any other act which in its opinion may be necessary litigation and the completion of any appeals therefrom, or desirable to establish the title to the estate or interest, it shall have fully performed its obligations with respect as insured,or to prevent or reduce loss or damage to the to that matter and shall not be liable for any loss or insured. The Company may take any appropriate action damage caused thereby. under the terms of this policy,whether or not it shall be (b) In the event of any litigation,including litigation liable hereunder,and shall not thereby concede liability by the Company or with the Company's consent, the or waive any provision of this policy. If the Company Company shall have no liability for loss or damage until shall exercise its rights under this paragraph, it shall do there has been a final determination b so diligently. Y a court of (c) Whenever the Company shall have brought an competent jurisdiction, and disposition of all appeals action or interposed a defense as required or permitted therefrom,adverse to the title as insured. by the provisions of this policy, the Company may (c) The Company shall not be liable for loss or pursue any litigation to final determination by a court of damage to any insured for liability voluntarily assumed competent jurisdiction and expressly reserves the right, by the insured in settling any claim or suit without the in its sole discretion, to appeal from any adverse prior written consent of the Company. judgment or order. 10.REDUCTION OF INSURANCE;REDUCTION (d) In all cases where this policy permits or requires OR TERMINATION OF LIABILITY. the Company to prosecute or provide for the defense of any action or proceeding,the insured shall secure to the All payments under this policy, except payments Company the right to so prosecute or provide defense in made for costs, attorneys' fees and expenses, shall the action or proceeding, and all appeals therein, and reduce the amount of the insurance pro tanto. permit the Company to use, at its option, the name of 11.LIABILITY NONCUMULATIVE. the insured for this purpose.Whenever requested by the It is expressly understood that the amount of Company the insured,at the Compan s pense,shall insurance under this policy shall be reduced by any give the CLompany all reasonable aid(i�in a ex ny action or amount the Company may a under an policy proceeding, securing evidence, obtaining witnesses, P Y y pay y P y prosecuting or defending the action or proceedingg or insuring a mortgage to which exception is taken in effecting settlement, and (ii) in any other lawful act Schedule B or to which the insured has agreed, which in the opinion of the CCompany may be necessary assumed, or taken subject, or which is hereafter or desirable to establish the title to the estate or interest executed by an insured and which is a charge or lien on as insured. If the Company is prejudiced by the failure the estate or interest described or referred to in Schedule of the insured to furnish the required cooperation, the A,and the amount so paid shall be deemed a payment Company's obligations to the insured under the policy under this policy to the insured owner. shall terminate, including any liability or obligation to 12.PAYMENT OF LOSS. defend, prosecute, or continue any litigation, with regard to the matter or matters requiring such (a) No payment shall be made without producing cooperation. this policy for endorsement of the payment unless the 5.PROOF OF LOSS OR DAMAGE. policy has been lost or destroyed,in which case proof of In addition to and after the notices required under loss or destruction shall be furnished to the satisfaction Section 3 of these Conditions and Stipulations have of the Company. been provided the Company,a proof of loss or damage (b) When liability and the extent of loss or damage signed and sworn to by the insured claimant shall be has been definitely fixed in accordance with these furnished to the Company within 90 days after the Conditions and Stipulations,the loss or damage shall be insured claimant shall ascertain the facts giving rise to P g the loss or damage. The proof of loss or damage shall payable within 30 days thereafter. describe the defect in, or lien or encumbrance on the 13.SUBROGATION UPON PAYMENT OR title,or other matter insured against by this policy which SETTLEMENT. constitutes the basis of loss or damage and shall state,to (a)The Company's Right of Subrogation. the extent possible,the basis of calculating the amount Whenever the Company shall have settled and paid a of the loss or damage. If the Company is prejudiced by claim under this policy, all right of subrogation shall the failure of the insured claimant to provide the vest in the Company unaffected by any act of the required proof of loss or damage, the Company's insured claimant. obligations to the insured under the policy shall terminate, including any liability or obligation to The Company shall be subrogated to and be entitled defend, prosecute, or continue any litigation, with to all rights and remedies which the insured claimant regard to the matter or matters requiring such proof of would have had against any person or property in loss or damage. respect to the claim had this policy not been issued. If In addition, the insured claimant may reasonably be requested by the Company, the insured claimant shall required to submit to examination under oath by any transfer to the Company all rights and remedies against authorized representative of the Company and shall any person or property necessary in order to perfect this produce for examination, inspection and copying, at right of subrogation. The insured claimant shall permit such reasonable times and places as may be designated g g by any authorized representative of the Company, all the Company to sue,compromise or settle in the name records, books, ledgers, checks, correspondence and of the insured claimant and to use the name of the memoranda,whether bearing a date before or after Date insured claimant in any transaction or litigation of Policy, which reasonably pertain to the loss or involving these rights or remedies. damage. Further, if requested by any authorized If a payment on account of a claim does not fully representative of the Company, the insured claimant cover the loss of the insured claimant, the Company shall grant its permission,in writing,for any authorized shall be subro ated to these rights and remedies in the representative of the Company to examine,inspect and ha proportion which the Company's payment bears to the copy all records,books,ledgers,checks,correspondence P Po P y P Y and memoranda in the custody or control of a third whole amount of the loss. party, which reasonably pertain to the loss or damage. IININ�u�NM��N�N�1NN�l�I CFN 20100459354 OR BK 24230 PG 0878 THIS INSTRUMENT PREPARED BY AND RETURN TO: RECORDED 12/02/2010 17:16:10 AFFINITY TITLE SERVICES INC Palm Beach County, FloridaAMT 225,000.00 8198 S JOG RD Doc Stamp 1,575.00 BOYNTON BEACH FL 33472 Sharon R. Bock,CLERK & COMPTROLLER Property Appraisers Parcel Identification(Folio)Numbers: 60-42-40-25-CiW85780 an$79; (2pgo) 60-42-40-25-00-000-5140 Grantee SS#: Space Above This Line For Recording Data THIS WARRANTY DEED, made the 17th day of November, 2010 by FL1, LLC, A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY , herein called the grantor, to VILLAGE OF TEQUESTA FLORIDA , whose post office address is 483 & 479 SEABROOK ROAD, JUPITER, FL, hereinafter called the Grantee: (Wherever used herein the terms "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) W I T N E S S E T H: That the grantor, for and in consideration of the sum of TWO HUNDRED TWENTY FIVE THOUSAND AND 00/100'S ($225,000.00) Dollars and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises, releases, conveys and confirms unto the grantee all that certain land situate in PALM BEACH County, State of Florida,viz.: SEE EXHIBIT "A" ATTACHED TOGETHER, with all the tenements, hereditaments and appurtenances thereto belonging or in anywise 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 fee simple; that the grantor has good right and lawful authority to sell and convey said land, and hereby 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 subsequent to December 31,2010. IN WITNESS WHEREOF, the said grantor has signed and sealed these presents the day and year first above written. Signed,sealed and delivered in the presence of: FL-1, LLC, A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY /I Witnel 1 Sig ture PAULA E BIEL I, AS SUC ESS ��iie r%r ffj,` i,,94' _-rT TRUSTEE,ITS MANAGING MEMBER 17211 QUEEN ANNE BRIDGE ROAD,BOWIE,MD 20716 Witness#1 Printed Name J WitiTss#2 Signature ) �� 17211 QUEEN ANNE BRIDGE ROAD,BOWIE,MD 20716 Witness#2 Printed Name STATE OF /r - COUNTY OF NNW f � The foregoing instrument was acknowledged before me this 17th day of November, 2010 by PAULA E BIELSKI, AS SUCCESSOR TRUSTEE, ITS MANAGING MEMBER OF FL1, LLC, A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY who is nercnnally knnwn to MF- nr hnc nrndiirarl STEWART TITLE GUARANTY COMPANY Plant file no. 1010062 Agent's File No. 10-039 EXHIBIT"A" Parcel 1: A parcel of land containing approximately 75,000 square feet lying in Section 25,Township 40 South,Range 42 East,in Palm Beach County,Florida,and more particularly described as follows: the North 130 feet of the West 635 Feet of the NE 1/ of the SE 1/ ,less the North 117 Feet of the E 25 feet of the W 555 feet and the easterly 46.04 feet for the right of way of Seabrook Road.. Parcel 2: A parcel of real property in Section 25,Township 40 South,Range 42 East,Palm Beach County,Florida,being more particularly described in the deed dated Jun 28, 1922,and recorded January 17, 1925,In Official Record Book 231,Page 101,of the Public Records of Palm Beach County,Florida,as follows: Commencing at the Northwest(NW) corner of the Northeast Quarter(NE 1/)of the Southeast Quarter(SE 1/)of said Section Twenty-Five(25),thence run East five hundred and thirty feet(530'); thence run South one hundred and seventeen feet(1171); thence run East twenty-five feet(25'); thence run North one hundred and seventeen feet (117'); thence run West twenty-five feet(25')to the place of beginning,all being in Township Forty(40) South, Range Forty Two(42)East,and being a parcel of land twenty-five feet wide east and west, and one hundred and seventeen feet deep north and south,in the said Northeast Quarter(NE 1/) of the Southeast Quarter(SE 1/)of Section Twenty-Five(25) after streets have been established. The parcel of property conveyed hereby is also known and described as: The East 25 feet of the West 555 feet of the North 1117 feet of the Northeast Quarter(NE 1/)of the Southeast Quarter(SE 1/4)of Section 25,Township 40 South,Range 42 East,Palm Beach County,Florida. STEWART TITLE GUARANTY COMPANY Plant file no. 1010062 Agent's File No. 10-039 SCHEDULE A Schedule A Owner's Policy Policy No.: FA-35-1727897 Date of Policy: December 2, 2010@ 17:16:10 Amount of Insurance: $255,000.00 1. Name of Insured: Village of Tequesta Florida 2. The estate or interest in the land which is covered by this policy is: Fee Simple 3. Title to the estate or interest in the land is vested in: Village of Tequesta Florida 4. The land referred to in this policy is described as follows: Property more particularly described on Schedule A-4 continuation attached hereto AFFINITY TITLE SERVICES,INC. y: Authorized Signatory STEWART TITLE GUARANTY COMPANY Plant file no. 1010062 Agent's File No. 10-039 SCHEDULE A-4 CONTINUATION Parcel 1: A parcel of land containing approximately 75,000 square feet lying in Section 25,Township 40 South,Range 42 East,in Palm Beach County,Florida,and more particularly described as follows: the East 130 feet of the NE 1/ of the SE 1/ of Section 25,less the E 25 feet of the W 555 feet of the N 117 feet of the NE 1/ of the SE 1/ of said Section 25,being a parcel of land facing on Seabrook Road 130 feet and running W 635 feet,less a parcel 25 feet by 117 feet,and being immediately W of the land now or formerly of Charles and Dora Seabrook. Parcel 2: A parcel of real property in Section 25,Township 40 South,Range 42 East,Palm Beach County,Florida,being more particularly described in the deed dated Jun 28, 1922,and recorded January 17, 1925,In Official Record Book 231,Page 101,of the Public Records of Palm Beach County,Florida,as follows: Commencing at the Northwest(NW) corner of the Northeast Quarter(NE 1/) of the Southeast Quarter(SE 1/) of said Section Twenty-Five(25),thence run East five hundred and thirty feet(530'); thence run South one hundred and seventeen feet(117'); thence run East twenty-five feet(25'); thence run North one hundred and seventeen feet (117'); thence run West twenty-five feet(25')to the place of beginning,all being in Township Forty(40) South, Range Forty Two(42)East,and being a parcel of land twenty-five feet wide east and west, and one hundred and seventeen feet deep north and south,in the said Northeast Quarter(NE 1/)of the Southeast Quarter(SE 1/)of Section Twenty-Five(25) after streets have been established. The parcel of property conveyed hereby is also known and described as: The East 25 feet of the West 555 feet of the North 1117 feet of the Northeast Quarter(NE 1/)of the Southeast Quarter(SE 1/)of Section 25,Township 40 South,Range 42 East,Palm Beach County,Florida. STEWART TITLE GUARANTY COMPANY Plant file no. 1010062 Agent's File No. 10-039 SCHEDULE B Schedule B ALTA Owner's Policy (with printed mineral exception) Policy No.: FA-35-1727897 EXCEPTIONS FROM COVERAGE This policy does not insure against loss or damage (and the Company will not pay costs, attorneys' fees or expenses)which arise by reason of: l. Any rights,interests, or claims of parties in possession of the land not shown by the public records. 2. Any rights, interests, or claims affecting the land which a correct survey would disclose and which are not shown by the public records. 3. Any lien for services, labor, or materials in connection with improvements, repairs or renovations provided before, on, or after Date of Policy,not shown by the public records. 4. Any dispute as to the boundaries caused by a change in the location of any water body within or adjacent to the land prior to Date of Policy, and any adverse claim to all or part of the land that is, at Date of Policy, or was previously,under water. 5. Taxes or special assessments not shown as liens in the public records or in the records of the local tax collecting authority, at Date of Policy. 6. Any mineral or mineral rights leased,granted or retained by prior owners. 7. Taxes and assessments for the year 2010 and subsequent years,which are not yet due and payable. NOTE: Exceptions Numbered 1,2,3,4,5 and 6 Above are Hereby Deleted. 11. Notice of the Loxahatchee River Environmental Control District in Palm Beach and Martin Counties, providing that unpaid fees and charges for the services and facilities of the Loxahatchee River Environmental Control District shall constitute liens on the property affected thereby pursuant to Chapter 86-430, Laws of Florida, as evidenced in Notice of Lien Rights recorded in Official Record Book 4984, Page 1254, and Revised Notices recorded in Official Record Book 7048, Page 655, Official Record Book 7187, Page 1712, and Official Record Book 9360,Page 565. STEWART TITLE GUARANTY COMPANY Plant file no. 1010062 Agent's File No. 10-039 12. Any lien arising under chapter 159,Florida Statutes,in favor of any city,town,village or port authority for unpaid service charges for service by any water system, sewer system, or gas system servicing the lands described herein. ALL IN THE PUBLIC RECORDS OF PALM BEACH COUNTY,FLORIDA "AS IS" Residential Contract For Sale And Purchase I iRealtOrS THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR '1 v 1• PARTIES: FLA, LLC ("Seller"), 2- and Village of Teguesta Florida ("Buyer"), 3 agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal 4 Property (collectively "Property") pursuant to the terms and conditions of this AS IS Residential Contract For Sale s And Purchase and any riders and addenda ("Contract") e 1. PROPERTY DESCRIPTION: 7- (a)Street address, city, zip: 479&483 Seabrook Road Jupiter, Florida 33469 S. (b)Property is located in: Palm Beach!County, Florida. Real Property Tax ID No 60424025000006320 s. (c)Legal description of the Real Property 25-40.42,N 130 Ft Of W 636 Ftof Ne 114 Of Se 1/4(Less N 117 Ft Of 70. E 25 Ft Of W 565 Ft& Ely 46.04 Ft R1W Seabrook Rd)And Tax ID#60424026000005140 11 together with all existing improvements and fixtures, including built-in appliances, built-in furnishings and 12 attached wall-to-wall carpeting and flooring ("Real Property') unless specifically excluded below. 13 (d)Personal Property_ The following items owned by Seller and existing on the Property as of the date 14 of the initial offer are included in the purchase ("Personal Property"): (i) range(s)loven(s), dishwasher(s), is disposal, ceiling fan(s), intercom, light fixtures rods, draperies and other window treatments, garage door 16 openers, and security gate and other access devices, and (ii) those additional items checked below. If 1-7' additional details are necessary, specify below. If left blank, the item below is not included: ❑Refrigerator(s) Smoke detector(s) Pool barrier/fence Storage shed Microwave oven Security system Pool equipment TV antenna/satellite dish Washer Window/wall a/c Pool heater Water softener/purifier I Dryer Generator Spa or hot tub with heater ❑Storm shutters and Stand-alone ice maker Above ground pool panels 1e The only other items of Personal Property included in this purchase, and any additional details regarding 19• Personal Property, if necessary, are 20• 21 Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer. 22' (e)The following items are excluded from the purchase: 23' 24• 2. PURCHASE PRICE (U.S. currency):.............................................................„.......... S 225,000.00 25, (a)Initial deposit to be held in escrow in the amount of (checks subject to COLLECTION) $ _ 2.6 The initial deposit made payable and delivered to"Escrow Agent" named below 27' (CHECK ONE):❑accompanies offer or[-I is to be made upon acceptance(Effective Date) 28, or❑is to be made within (if blank, then 3)days after Effective Date 29• Escrow Agent Information Name .-----.Affinity Title Services Inc 30° Address: 8198 Jog Road Boynton Beach,FI 33472 Phone: 661-737-1630 31, E-mail. _ ni com Fax: 32* (b)Additional deposit to be delivered to Escrow Agent within (if blank,then 3) 33' days after Effective Date. , _ _.. ._ _ _ _ _.. .... _._.._.._......_._...........5> 34 (All deposits paid or agreed to be paid. are collectively referred to as the"Deposit") 35' (c) Financing Express as a dollar amount or percentage("Loan Amount")see Paragraph 8......... 36, (d)Other $ 37 (e)Balance to close(not including Buyer's closing costs, prepaids and prorations)by wire 36* transfer or other COLLECTED funds,................ ...... .................... ..................... $ 39 NOTE: For the definition of"COLLECTION"or"COLLECTED" see STANDARD S. 4o 3. TIME FOR ACCEPTANCE OF OFFER AND COUNTER-OFFERS; EFFECTIVE DATE: 41• (a)If not signed by Buyer and Seller, and an executed copy delivered to all parties on or before 42* this offer shall be deemed withdrawn and the Deposit, if any, will be returned to Buyer. 43 Unless otherwise stated, time for acceptance of any counter-offers shall be within 2 days after the day the 44 counter-offer is delivered. 45 (b)The effective date of this Contract will be the date when the last one of the Buyer and Seller has signed or 46 initialed this offer or final counter-offer("Effective Date"). 47 4. CLOSING DATE: Unless modified by other provisions of this Contract, the closing of this transaction shall occur 4e and the closing documents required to be furnished by each party pursuant to this Contract shall be delivered 49• ("Closing")on or before January 17, 2011 ("Closing Date"), at the time established by I g Agent Buyer's Initials &.314_ Page 1 of 10 Seller's Initials FlondaRealtorslFloridaB r-ASiS-1 Rev 6110 v 2010 Florida Realtors and The Florida Bar All rights reserved so 5. EXTENSION OFCLOSING DATE: 51 (a)If Closing funds from Buyer's lender(s) are not available at time ofClosing due to Truth In Lending Act (TlLA) 52 notice requirements, Closing shall be extended for such period necessary k,satisfy T|LAnotice requirements, *, not to exceed 7days 5" (b)|f extreme weather or other condition o, event constituting ''Force K8cYeu,e^ (see STANDARD G) causes: e (i) disruption of utilities nr other services essential for Closing, or (ii) Hazard, Wind, Flood orHomeowners' m` insurance, to become unavailable prior to Closing, Closing will be extended a reasonable time up to 3 days 57 after restoration of utilities and other services essential to Closing, and availability of applicable Hazard, Wind, m Flood o,Homeowners' insurance, |f restoration ofsuch utilities or services and availability cd insurance has not 59' occurred within _ 2£ (if left blank. 14) days after Closing Date, then either party may terminate this so Contract by delivering written notice to the other party. and Buyer nhm|| be refunded the Deposit, thereby o, releasing Buyer and Seller from all further obligations under this Contract oz 6. OCCUPANCY AND POSSESSION: Un|oam mhomvme stated ^omm. Seller shall at Closing, have removed all 63 personal items and trash from the Property and nhoU deliver occupancy and pooxaomon, along with all keys, »^ garage door openers. access devices and codes, as applicable, to Buyer |/ Property io intended tobe rented or u, occupied beyond Closing, the fact and terms thereof and the tenant(s) or occupants shall be disclosed pursuant oo to STANDARD D. If occupancy is to be delivered before Closing, Buyer assumes all risks of loss to Property from or date of occupancy, shall be responsible and liable for maintenance from that date, and uho|| be deemed to have oo accepted Property |n its existing condition osnf time nf taking occupancy. oo` 7. ASSIGNABILITY: (CHECK ONE) Buyer [] may assign and thereby be released from �� further liability under this Contract, [� may assign but not be released from liability under this Contract, n, �� mmy not assign n this Contract. o FINANCING /3 &F|NANC|NG: nr ��(a) Buye/ will pay cash o, may obtain a loan for the purchase of the Property. There is no financing r» contingency\o Buyer's obligation hoclose ,^' [�(b)This Contract is contingent upon Buyer obtaining o written loan commitment for aE] conventional D FHA ,r LJ VA loan on the following terms within 0f blank, then 30) days after Effective Date ("Loan ro` Commitment Date") for (CHECK ONE)� 7 fixed —1 adjustable, F_—J fixed or acVuy\ob|e rate loan in 79' the principal amount of $ u, Y6 of the Purchase Price, at an initial interest rate vv' not to exceed _ Y6 (if b|onk, then prevailing rote based upon Buyers creditworthiness), and for o, term of years (''Financing') or Buyer will make mortgage loan application for the Financing within ______ (if b|mnh. then 5) days after na Effective Date and use good faith and diligent effort to obtain o written loan commitment for the Financing o* (~Loan Commitment") and dose this Contract Buyer ohoU keep Seller and Broker fully informed about o, the status of mortgage loan application and Loan Commitment and authorizes Buyer's mortgage broker and e6 Buyer's lender tn disclose such status and progress to Seller and Broker o, If Buyer does not receive Loan Commitment, then Buyer may terminate this Contract by delivering written nu notice to So||er, and the Deposit shall be refunded to Buyer, thereby releasing Buyer and Seller from o|| oy further obligations under this Contract yo If Buyer does not deliver written notice to Seller nf receipt nfLoan Commitment or Buyer's written waiver of ,` this financing oonongency, then after Loan Commitment Date Seller may terminate this Contract by nz delivering written notice to Buyer and the Deposit shall be refunded to Buyer, thereby releasing Buyer and m Seller from all further obligations under this Contract m It Buy*, delivers written notice of receipt of Loan Commitment to Seller and this Contract does not y^ thereafter close, the Deposit shall be paid to Seller unless failure to close is due to (1) Seller's default, oo (z) Property related conditions of the Loan Commitment have not been met (except when such conditions n/ are waived by other provisions of this Contract), (3) appraisal of the Property obtained by 8uyo/o lender is mv insufficient to meet terms of the Loan Commitment, o/ (4) the |men is not funded due to financial failure of yy Buyer's |mnde/, in which event(s) the Deposit shall be returned to Buyer, thereby releasing Buyer and Seller `oo from all further obligations under this Contract. w,^ (c)Assumption of existing mortgage(see rider for terms) `ur <d>Pupuheoa money note and mortgage to Seller(no* riders; addenda, or special e) buyer mmma|o Page 2 of 10 Seller's Initials p/ox*nmwalmrs/F/ Rev.6/10 0 2015 Florida ne=/u,*S and The Florida Bar. All rights reserved. —�--~^—� ------- `m CLOSING COSTS, FEES AND CHARGES 9. CLOSING COSTS; TITLE INSURANCE; U HOME WARRANTY; SPECIAL ASSESSMENTS: ,v, 'a/COSTS /uoE PAID o, SELLER: NE; tie ,ve ,07 `m, ~' `~-- --- `'m nn (b)COSTS TO BE PAID BY BUYER: Taxes and recording fees on notes and mortgages ^ Loan expenses ^ Recording fees for deed and financing statements Appraisal fees ^Owner's Policy and Charges (if Paragraph 9(c)(ii) iochecked) Buyer's Inspections ^ Survey(and elevation certification, ifrequired) Buyer's attorneys'tees ^ Lender's title policy and endorsements ^All property related insurance ^ HOAJCondommium Association application/transfer fees ` O1he, (c)nTLE EVIDENCE AND |mmumAmCE: At least 6 (/f blank, then 5) days prior to wvvmy Date, u title" `,z insurance commitment issued by a Florida licensed title inourer, with legible copies ofinstruments listed as 113 exceptions attached thereto ("Title Commitment") and, after Ciuoing, an owner's policy of title moummnoo (see ^^. STANDARD A for terms) shall be obtained and delivered to Buyer. If Seller has an owner's policy of title ,`s insurance covering the Real Property. a copy shall be furnished to Buyer and Closing Agent within 5 days after ,,v Effective Date. The owner's title policy premium and charges for owner's policy endorsements, title search, '`, and closing services (ooUecdve|y, ''Owner's Policy and Charges") shall be naid, as set forth below `m (CHECK ONE) `,o' E (i) Seller will designate Closing Agent and pay for Owner's Policy and Charges (but not including charges 120 for closing services related to Buyer's lender's policy and endorsements and |uon douing, which amounts ,:, shall be paid by Buyer to Closing Agent or such other provider(s)as Buyer may select), or `zr �� (ii) Buyer will designate Closing Agent and pay for Owner's Policy and Charges and charges for closing ,un services related to Buyer's tender's policy, endorsements, and loan closing-, or 12*' 17(iii) pm|AK8|'QADEIBROWN4R0 REGIONAL PROV|S|ON]: Seller will furnish a copy ofa prior owner's policy `zo of title insurance u,other evidence of title and pay fees for- (A) a continuation or update ofsuch title evidence, ,zo which is acceptable to Buyer's title insurance underwriter for reissue of coverage, (8) tax search, and ,n (C) municipal lien search. Buyer shall obtain and pay for post-Closing continuation and premium for Buyer's ,zu owner poUcy, and if applicable, Buyer's lender's policy Seller shall not be obligated to pay more than `or $ (if blank, $200 00) for abstract continuation or title search ordered or performed by Closing 130 Agent. `n (d)8URVEY: At least 5 days prior to Closing, Buyer may. at Buyer's expense. have the Real Property surveyed 132 and certified uya registered Florida surveyor ("Survey"). |f Seller has a survey covering the Real Property, a ,p copy shall be furnished to Buyer and Closing Agentwithin 5 days after Effective Date. `z° (e) HO/wE WARRANTY: At Closing, Fl Buyer [1 GeUa, [:] N/A will pay for a home warranty plan issued by `nr ete cost not to exceed $ Axume ,`v warranty plan provides for repair o, replacement of many of o home's mechanical systems and major built-in ,», appliances in the event of breakdown due to normal wear and tear during the agreement's warranty period. ,ae <0 SPECIAL ASSESSMENTS: A, Closing, Seller will pay (i) the full amount ofliens imposed by public body 139 ("public body" doom not include eCondommium or Homeowner's Association)that are certified, confirmed and `*v ratified before Closing, and (ii) the amount of the public body's most recent estimate or assessment for an 141 improvement which is substantially oomp|o\p as of Effective D*ke, but that has not resulted in a lien being °*z imposed on the Property before Closing. Buyer will pay all other assessments If special assessments may `m be paid in installments (CHECK ONE): `^4' [_] (a) Seller shall pay installments due prior to Closing and Buyer shall pay installments due after `^w Closing, Installments prepaid or due for the year of Closing shall be prorated. ,w^ [] (h) Seller shall pay the assessmont(s) in full prior two,at the time ofClosing. ,^r IF NEITHER BOX|S CHECKED, THEN OPTION (a)SHALL BEDEEMED SELECTED. `*a This Paragraph 9(f) ohuU not apply tma special benefit tax lien imposed bye community development district ^^e (CDn) puoumnt to Chapter 190 F,S. which lien shall be treated as an ad valorem tax and prorated pursuant to ISO STANDARD K Buyer's Initials Page avf1V Seller's mu'al 151 DISCLOSURES *2 10. DISCLOSURES: 153 (a)RADON GAS: Radon is a naturally occurring radioactive gas that, when it is accumulated in a building in 154 sufficient quantities, may present health risks to persons who are exposed to it overtime, Levels of radon that 155 exceed federal and state guidelines have been found in buildings in Florida. Additional information regarding 156 radon and radon testing may be obtained from your county health department 157 (b)PERMITS DISCLOSURE: Except as may have been disclosed by Seller to Buyer in a written disclosure, 158 Seller does not know of any improvements made to the Property which were made without required 159 permits or made pursuant to permits which have not been properly closed. 160 (c)MOLD: Mold is naturally occurring and may cause health risks or damage to property. If Buyer is concerned or 161 desires additional information regarding mold. Buyer should contact an appropriate professional. 162 (d)FLOOD ZONE; ELEVATION CERTIFICATION: Buyer is advised to verify by elevation certificate which flood 163 zone the Property is in, whether flood insurance is required by Buyer's lender, and what restrictions apply to 164 improving the Property and rebuilding in the event of casualty. If Property is in a"Special Flood Hazard Area" 165 or "Coastal High Hazard Area" and finished floor elevation is below minimum flood elevation, Buyer may 166 terminate this Contract by delivering written notice to Seller within 20 days after Effective Date, failing which 167 Buyer accepts existing elevation of buildings and flood zone designation of Property. 168 (e)ENERGY BROCHURE: Buyer acknowledges receipt of Florida Energy-Efficiency Rating Information Brochure 169 required by Section 553.996, F.S. 170 (f) LEAD-BASED PAINT: If Property includes pre-1978 residential housing, a lead-based paint rider is 171 mandatory. 172 (g)HOMEOWNERS' ASSOCIATION/COMMUNITY DISCLOSURE: BUYER SHOULD NOT EXECUTE THIS 173 CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS' 174 ASSOCIATION/COMM UNITY DISCLOSURE, IF APPLICABLE. 175 (h)PROPERTY TAX DISCLOSURE SUMMARY: BUYER SHOULD NOT RELY ON THE SELLER'S CURRENT 176 PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED 177 TO PAY IN THE YEAR SUBSEQUENT TO PURCHASE. A CHANGE OF OWNERSHIP OR PROPERTY 178 IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN HIGHER 179 PROPERTY TAXES, IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION, CONTACT THE 180 COUNTY PROPERTY APPRAISER'S OFFICE FOR INFORMATION. 181 (i) TAX WITHHOLDING: If Seller is a"foreign person'as defined by the Foreign Investment in Real Property Tax 182 Act ("FIRPTA"), Buyer and Seller will comply with FIRPTA, which may require Seller to provide additional cash 183 at Closing. 184 SELLER DISCLOSURE: Seller knows of no facts materially affecting the value of the Real Property which are 185 not readily observable and which have not been disclosed to Buyer. Except as stated in the preceding sentence 186 or otherwise disclosed in writing: (1) Seller has received no written or verbal notice from any governmental 187 entity or agency as to a currently uncorrected building, environmental or safety code violation, and (2) Seller 188 extends and intends no warranty and makes no representation of any type, either express or implied, as to the 189 physical condition or history of the Property. 190 PROPERTY MAINTENANCE, CONDITION, INSPECTIONS AND EXAMINATIONS 191 11, PROPERTY MAINTENANCE: Except for ordinary wear and tear and Casualty Loss, Seller shall maintain the 192 Properly including, but not limited to, lawn, shrubbery, and pool. in the condition existing as of Effective Date 193 ("AS IS Maintenance Requirement"). 194 12. PROPERTY INSPECTION; RIGHT TO CANCEL: 195* (a)PROPERTY INSPECTIONS AND RIGHT TO CANCEL: Buyer shall have 10 (it blank, 15) days from 196 Effective Date ("Inspection Period") within which to have such inspections of the Properly performed 197 as Buyer shall desire during the Inspection Period. If Buyer determines, in Buyer's sole discretion, that 198 the Property is not acceptable to Buyer, Buyer may terminate this Contract by delivering written notice 199 of such election to Seller prior to expiration of Inspection Period. If Buyer timely terminates this 200 Contract, the Deposit paid shall be immediately returned to Buyer, thereupon, Buyer and Seller shall 201 be released of all further obligations under this Contract; however, Buyer shall be responsible for 202 prompt payment for such inspections, for repair of damage to, and restoration of, the Property 203 resulting from such inspections, and shall provide Seller with paid receipts for all work done on the 204 Property (the preceding provision shall survive termination of this Contract). Unless Buyer exercises 205 the right to terminate granted herein, Buyer accepts the physical condition of the Property and any 2W violation of governmental, building, environmental, and safety codes, restrictions, or requirements, but 207 subject to Seller's continuing AS IS Maintenance Requirement, and Buyer shall be responsible for any 2D8 and ail repairs and improvements required by Buyer's lender. Buyer's Initials _A%dJ_ Page 4 of 10 Seller's Initialsl_,� FloridaRealt ors/F lortdaRar-ASI S-I Rev 6/10 0 2010 Florida RealtorsO and The Florida Bar. All rights reserved. /0A-L-110 209 (b)WALK-THROUGH INSPECTION/RE-INSPECTION: On the day prior to Closing Date, or on Closing Date prior 210 to time of Closing, as specified by Buyer. Buyer or Buyer's representative may perform a walk-through (and 211 follow-up walk-through, if necessary) inspection of the Property solely to confirm that all items of Personal 212 Property are on the Property and to verify that Seller has maintained the Property as required by the AS IS 213 Maintenance Requirement and has met all other contractual obligations. 214 (c)SELLER ASSISTANCE AND COOPERATION IN CLOSE-OUT OF BUILDING PERMITS: If Buyer's 215 inspection of the Property identifies open or needed building permits, then Seller shall promptly deliver to 216 Buyer all plans, written documentation or other information in Seller's possession, knowledge, or control 217 relating to improvements to the Property which are the subject of such open or needed Permits, and shall 218 promptly cooperate in good faith with Buyer's efforts to obtain estimates of repairs or other work necessary to 219 resolve such Permit issues. Seller's obligation to cooperate shall include Seller's execution of necessary 220 authorizations, consents, or other documents necessary for Buyer to conduct inspections and have estimates 221 of such repairs or work prepared, but in fulfilling such obligation, Seiler shall not be required to expend, or 222 become obligated to expend any money. 223 (d)ASSIGNMENT OF REPAIR AND TREATMENT CONTRACTS AND WARRANTIES: At Buyer's option and 224 cost, Seller will, at Closing, assign all assignable repair, treatment and maintenance contracts and warranties 225 to Buyer_ 226 ESCROW AGENT AND BROKER 227 13. ESCROW AGENT: Any Closing Agent or Escrow Agent (collectively "Agent") receiving the Deposit, other funds 228 and other items is authorized, and agrees by acceptance of them, to deposit them promptly, hold same in escrow 229 within the State of Florida and, subject to COLLECTION, disburse them in accordance with terms and conditions 230 of this Contract. Failure of funds to become COLLECTED shall not excuse Buyer's performance. When conflicting 231 demands for the Deposit are received, or Agent has a good faith doubt as to entitlement to the Deposit. Agent 232 may take such actions permitted by this Paragraph 13.. as Agent deems advisable. If in doubt as to Agent's duties 233 or liabilities under this Contract. Agent may, at Agent's option. continue to hold the subject matter of the escrow 234 until the parties agree to its disbursement or until a final judgment of a court of competent jurisdiction shall 235 determine the rights of the parties, or Agent may deposit same with the clerk of the circuit court having jurisdiction 236 of the dispute. An attorney who represents a party and also acts as Agent may represent such party in such 237 action Upon notifying all parties concerned of such action, all liability on the part of Agent shall fully terminate, 238 except to the extent of accounting for any items previously delivered out of escrow. If a licensed real estate 239 broker. Agent will comply with provisions of Chapter 475, F.S., as amended and FREC rules to timely resolve 240 escrow disputes through mediation, arbitration, interpleader or an escrow disbursement order 241 Any proceeding between Buyer and Seller wherein Agent is made a party because of acting as Agent hereunder, 242 or in any proceeding where Agent interpleads the subject matter of the escrow, Agent shall recover reasonable 243 attorney's fees and costs incurred, to be paid pursuant to court order out of the escrowed funds or equivalent. 244 Agent shall not be liable to any party or person for mis-delivery of any escrowed items, unless such mis-delivery is 245 due to Agent's willful breach of this Contract or Agent's gross negligence. This Paragraph 13 shall survive Closing 246 or termination of this Contract. 247 14. PROFESSIONAL ADVICE; BROKER LIABILITY: Broker advises Buyer and Seller to verify Property condition. 248 square footage, and all other facts and representations made pursuant to this Contract and to consult appropriate 249 professionals for legal. tax, environmental, and other specialized advice concerning matters affecting the Property 250 and the transaction contemplated by this Contract Broker represents to Buyer that Broker does not reside on the 251, Property and that all representations (oral, written or otherwise) by Broker are based on Seller representations or 252 public records. BUYER AGREES TO RELY SOLELY ON SELLER, PROFESSIONAL INSPECTORS AND 253 GOVERNMENTAL AGENCIES FOR VERIFICATION OF PROPERTY CONDITION, SQUARE FOOTAGE AND 254 FACTS THAT MATERIALLY AFFECT PROPERTY VALUE AND NOT ON THE REPRESENTATIONS (ORAL, 255 WRITTEN OR OTHERWISE) OF BROKER. Buyer and Seller (individually, the "indemnifying Party") each 256 individually indemnifies, holds harmless, and releases Broker and Broker's officers, directors, agents and 257 employees from all liability for loss or damage, including all costs and expenses, and reasonable attorney's fees 258 at all levels, suffered or incurred by Broker and Broker's officers, directors, agents and employees in connection 259 with or arising from claims, demands or causes of action instituted by Buyer or Seller based one (i) inaccuracy of 280 information provided by the Indemnifying Party or from public records, (ii) Indemnifying Party's misstatement(s)or 261 failure to perform contractual obligations; (iii) Broker's performance, at Indemnifying Party's request, of any task 262 beyond the scope of services regulated by Chapter 475. F.S., as amended. including Broker's referral, 263 recommendation or retention of any vendor for, or on behalf of, Indemnifying Party; (iv) products or services 264 provided by any such vendor for, or on behalf of, Indemnifying Party, and (v) expenses incurred by any such 265 vendor Buyer and Seiler each assumes full responsibility for selecting and compensating their respective vendors 266 and paying their other costs under this Contract whether or not this transaction closes. This Paragraph 14 will not 267 relieve Broker of statutory obligations under Chapter 475, F S. as amended. For purposes of this Paragraph 14, Buyer's Initials 14 � Page 5 of 10 Seller's Initials FioridaReattors/FloridaBar-ASIS-1 Rev.6/10 Q 2010 Florida Realtorso)and The Florida Bar All rights reserved. /o/.t.tf/o 268 Broker will be treated as a party to this Contract This Paragraph 14 shall survive Closing or termination of this 269 Contract. 270 DEFAULT AND DISPUTE RESOLUTION 271 15.DEFAULT: 272 (a)BUYER DEFAULT: If Buyer fails, neglects or refuses to perform Buyer's obligations under this Contract, 273 including payment of the Deposit, within the time(s) specified. Seller may elect to recover and retain the 274 Deposit for the account of Seller as agreed upon liquidated damages, consideration for execution of this 275 Contract, and in full settlement of any claims, whereupon Buyer and Seller shall be relieved from all further 276 obligations under this Contract, or Seller. at Seller's option, may, pursuant to Paragraph 16, proceed in equity 277 to enforce Seller's rights under this Contract The portion of the Deposit, if any, paid to Listing Broker upon 278 default by Buyer, shall be split equally between Listing Broker and Cooperating Broker; provided however, 279 Cooperating Broker's share shall not be greater than the commission amount Listing Broker had agreed to pay 280 to Cooperating Broker.. 281 (b)SELLER DEFAULT: If for any reason other than failure of Seller to make Seller's title marketable after 282 reasonable diligent effort, Seller fails. neglects or refuses to perform Seller's obligations under this Contract. 283 Buyer may elect to receive return of Buyer's Deposit without thereby waiving any action for damages resulting 284 from Seller's breach, and, pursuant to Paragraph 16, may seek to recover such damages or seek specific 285 performance. This Paragraph 15 shall survive Closing or termination of this Contract. 28s 287 288 289 290 291 292 293 "). 294 295 296 297 296 17. ATTORNEY'S FEES; COSTS: *;Iq@ papirse voill apkili aqwallij eiiiiiij mediallism ilia @A pefo 299 each party will pay their own costs, expenses and fees, including attorney's fees, incurred in 300 conducting the mediation. In any litigation permitted by this Contract, the prevailing party shall be entitled to 301 recover from the non-prevailing party costs and fees, including reasonable attorney's fees, incurred in conducting 302 the litigation. This Paragraph 17 shall survive Closing or termination of this Contract. 303 STANDARDS FOR REAL ESTATE TRANSACTIONS("STANDARDS") 304 18. STANDARDS: 305 A. TITLE: 306 (i) TITLE EVIDENCE; RESTRICTIONS; EASEMENTS; LIMITATIONS: Within the time period provided in 3o7 Paragraph 9(c), the Title Commitment, with legible copies of instruments listed as exceptions attached thereto, shall 3o8 be issued and delivered to Buyer. The Title Commitment shall set forth those matters to be discharged by Seller at or 3o9 before Closing and shall provide that, upon recording of the deed to Buyer, an owner's policy of title insurance in the 310 amount of the Purchase Price, shall be issued to Buyer insuring Buyer's marketable title to the Real Property, 311 Subject only to the following matters: (a) comprehensive land use plans, zoning, and other land use restrictions, 312 prohibitions and requirements imposed by governmental authority: (b) restrictions and matters appearing on the Plat 313 or otherwise common to the subdivision; (c) outstanding oil, gas and mineral rights of record without right of entry, 314 (d) unplatted public utility easements of record (located contiguous to real property lines and not more than 10 feet in 315 width as to rear or front lines and 7 1/2 feet in width as to side lines), (e) taxes for year of Closing and subsequent 316 years, and (f) assumed mortgages and purchase money mortgages, if any (if additional items, attach addendum); 317 provided, that none prevent use of the Property for RESIDENTIAL PURPOSES. If there exists at Closing any 318 violation of items identified in (b) - (f) above. then the same shall be deemed a title defect. Marketable title shall be 319 determined according to applicable Title Standards adopted by authority of The Florida Bar and in accordance with 320 law. 321 (ii) TITLE EXAMINATION: Buyer shall have 5 days after receipt of Title Commitment to examine it and notify 322 Seller in writing specifying defect(s), if any. that render title unmarketable. If Seller provides Title Commitment and it 323 is delivered to Buyer less than 5 days prior to Closing Date, Buyer may extend Closing for up to 5 days after 324 date of receipt to examine same in accordance with this STANDARD A. Seller shall have 30 days ('Cure Period") 325 after receipt of Buyers notice to take reasonable diligent efforts to remove defects. If Buyer fails to so notify Seller, 326 Buyer shall be deemed to have accepted title as it then is. If Seller cures defects within a Pe 'od, Seller will Buyer's Initials __ Page 6 of 10 Seller's Initials- FloridaRealtorsrFioridaBar-ASII-1 Rev 8110*2010 Florida RealtorsV and The Florida Bar. Ail rights reserved_ l%.-1!o 327 STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED) 328 deliver written notice to Buyer (with proof of cure acceptable to Buyer and Buyer's attorney) and the parties will 329 close this Contract on Closing Date (or if Closing Date has passed, within 10 days after Buyer's receipt of Seller's 33o notice) If Seller is unable to cure defects within Cure Period, then Buyer may, within 5 days after expiration of 331 Cure Period, deliver written notice to Seller: (a) extending Cure Period for a specified period not to exceed 120 days 332 within which Seller shall continue to use reasonable diligent effort to remove or cure the defects ("Extended Cure 333 Period"), or(b) electing to accept title with existing defects and close this Contract on Closing Date(or if Closing Date 334 has passed, within the earlier of 10 days after end of Extended Cure Period or Buyer's receipt of Seller's notice). or 335 (c) electing to terminate this Contract and receive a refund of the Deposit, thereby releasing Buyer and Seller from 336 all further obligations under this Contract. If after reasonable diligent effort, Seller is unable to timely cure defects. 337 and Buyer does not waive the defects, this Contract shall terminate, and Buyer shall receive a refund of the Deposit, 338 thereby releasing Buyer and Seller from all further obligations under this Contract. 339 B. SURVEY: If Survey discloses encroachments on the Real Property or that improvements located thereon 34o encroach on setback lines, easements, or lands of others', or violate any restrictions, covenants, or applicable 341 governmental regulations described in STANDARD A(i)(a), (b) or(d) above, Buyer shall deliver written notice of such 342 matters, together with a copy of Survey. to Seller within 5 days after Buyer's receipt of Survey, but no later than 343 Closing. If Buyer timely delivers such notice and Survey to Seller, such matters identified in the notice and Survey 344 shall constitute a title defect, subject to cure obligations of STANDARD A above. If Seller has delivered a prior 345 survey, Seller shall, at Buyer's request, execute an affidavit of "no change" to the Real Property since the 346 preparation of such prior survey, to the extent the affirmations therein are true and correct. 347 C. INGRESS AND EGRESS: Seller represents that there is ingress and egress to the Real Property and title to 348 the Real Property is insurable in accordance with STANDARD A without exception for lack of legal right of access. 349 D. LEASES: Seller shall, within 5 days after Inspection Period, furnish to Buyer copies of all written leases and 35o estoppel letters from each tenant specifying nature and duration of tenant's occupancy, rental rates, advanced rent 3s1 and security deposits paid by tenant, and income and expense statements for preceding 12 months ("Lease 352 Information"). If Seller is unable to obtain estoppel letters from tenant(s), the same information shall be furnished by 353 Seller to Buyer within that time period in the form of a Seller's affidavit, and Buyer may thereafter contact tenant(s) 354 to confirm such information. If terms of the lease(s) differ materially from Seller's representations, Buyer may deliver 355 written notice to Seller within 5 days after receipt of Lease Information, but no later than 5 days prior to Closing 356 Date, terminating this Contract and receive a refund of the Deposit, thereby releasing Buyer and Seller from all 357 further obligations under this Contract. Seller shall, at Closing, deliver and assign all original leases to Buyer who 358 shall assume Seller's obligation thereunder. 359 E. LIENS: Seller shall furnish to Buyer at Closing an affidavit attesting, (i) to the absence of any financing 360 statement, claims of lien or potential lienors known to Seller, and (ii)that there have been no improvements or repairs 361 to the Real Property for 90 days immediately preceding Closing Date. If the Real Property has been improved or 362 repaired within that time, Seller shall deliver releases or waivers of construction liens executed by all general 363 contractors, subcontractors, suppliers and materialmen in addition to Seller's lien affidavit setting forth names of all 364 such general contractors, subcontractors, suppliers and materialmen, further affirming that all charges for 365 improvements or repairs which could serve as a basis for a construction lien or a claim for damages have been paid 366 or will be paid at Closing. 367 F. TIME: Calendar days shall be used in computing time periods. Any time periods provided for in this Contract 368 which shall end on a Saturday, Sunday.. or a national legal holiday (see 5 U.S.C. 6103) shall extend to 5:00 p.m 369 (where the Property is located) of the next business day. Time is of the essence in this Contract. 37o G. FORCE MAJEURE: Buyer or Seller shall not be required to perform any obligation under this Contract or be 371 liable to each other for damages so long as performance or non-performance of the obligation is delayed, caused or 372 prevented by Force Majeure. "Force Majeure" means hurricanes, earthquakes, floods, fire, acts of God, unusual 373 transportation delays, wars, insurrections, acts of terrorism, and any other cause not reasonably within control of 374 Buyer or Seller, and which, by exercise of reasonable diligent effort, the non-performing party is unable in whole or in 375 part to prevent or overcome. All time periods, including Closing Date, will be extended for the period that the Force 376 Majeure prevents performance under this Contract, provided, however, if such Force Majeure continues to prevent 377 performance under this Contract more than 14 days beyond Closing Date, then either party may terminate this 378 Contract by delivering written notice to the other and the Deposit shall be refunded to Buyer, thereby releasing Buyer 379 and Seller from all further obligations under this Contract. 38o H. CONVEYANCE: Seller shall convey marketable title to the Real Property by statutory warranty, trustee's, 381 personal representative's,. or guardian's deed, as appropriate to the status of Seller, subject only to matters described 382 in STANDARD A and those accepted by Buyer. Personal Property shall, at request of Buyer, be transferred by 383 absolute bill of sale with warranty of title, subject only to such matters as may be provided for in this Contract. 384 1. CLOSING LOCATION; DOCUMENTS; AND PROCEDURE: 365 (i) LOCATION: Closing will take place in the county where the Real Property is located at the office of the 3a6 attorney or other closing agent ("Closing Agent") designated by the party paying for the ne ' policy of title Buyer's Initials _ Page 7 of 10 Seller's Initials FtoridaRealtors/FlorideBar-ASIS-1 Rev 6/10 m 2016 Florida RealtorsO and The Florida Bar. All rights reserved /%.z//19 387 STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED) 38a insurance, or if no title insurance, designated by Seller Closing may be conducted by mail or electronic means. 389 (ii) CLOSING DOCUMENTS: At Closing, Seller shall furnish and pay for, as applicable, deed, bill of sale, 390 certificate of title, construction lien affidavit, owner's possession affidavit, assignments of leases, and corrective 391 instruments. Seller shall provide Buyer with paid receipts for all work done on the Property pursuant to this Contract. 392 Buyer shall furnish and pay for, as applicable, mortgage, mortgage note, security agreement, financing statements, 393 survey, base elevation certification, and other documents required by Buyer's lender. 394 (iii) PROCEDURE: The deed shall be recorded upon COLLECTION of all closing funds. If the Title 395 Commitment provides insurance against adverse matters pursuant to Section 627.7841, F.S., as amended. the 396 escrow closing procedure required by STANDARD J shall be waived, and Closing Agent shall, subject to 397 COLLECTION of all closing funds, disburse at Closing the brokerage fees to Broker and the net sale proceeds to 398 Seller 399 J. ESCROW CLOSING PROCEDURE: If Title Commitment issued pursuant to Paragraph 9(c) does not provide 400 for insurance against adverse matters as permitted under Section 627.7841, F.S., as amended, the following escrow 401 and closing procedures shall apply. (1) all Closing proceeds shall be held in escrow by the Closing Agent for a period 402 of not more than 10 days after Closing; (2) if Seller's title is rendered unmarketable, through no fault of Buyer, Buyer 403 shall, within the 10 day period, notify Seller in writing of the defect and Seller shall have 30 days from date of receipt 404 of such notification to cure the defect; (3) if Seller fails to timely cure the defect, the Deposit and all Closing funds 405 paid by Buyer shall, within 5 days after written demand by Buyer, be refunded to Buyer and, simultaneously with 406 such repayment, Buyer shall return the Personal Property, vacate the Real Property and re-convey the Property to 407 Seller by special warranty deed and bill of sale, and (4) if Buyer fails to make timely demand for refund of the Q8 Deposit, Buyer shall take title as is, waiving all rights against Seller as to any intervening defect except as may be 4o9 available to Buyer by virtue of warranties contained in the deed or bill of sale. 410 K. PRORATIONS; CREDITS: The following recurring items will be made current (if applicable) and prorated as of 411 the day prior to Closing Date, or date of occupancy if occupancy occurs before Closing Date: real estate taxes 412 (including special benefit tax assessments imposed by a CDD), interest, bonds, association fees, insurance, rents 413 and other expenses of Property. Buyer shall have option of taking over existing policies of insurance, if assumable, in 414 which event premiums shall be prorated. Cash at Closing shall be increased or decreased as may be required by 415 prorations to be made through day prior to Closing, Advance rent and security deposits, if any, will be credited to 416 Buyer. Escrow deposits held by Seller's mortgagee will be paid to Seller. Taxes shall be prorated based on current 417 year's tax with due allowance made for maximum allowable discount, homestead and other exemptions. If Closing 418 occurs on a date when current year's millage is not fixed but current year's assessment is available, taxes will be 419 prorated based upon such assessment and prior year's millage. If current year's assessment is not available, then 420 taxes will be prorated on prior year's tax. If there are completed improvements on the Real Property by January 1 st of 421 year of Closing, which improvements were not in existence on January 1st of prior year, then taxes shall be prorated 422 based upon prior year's millage and at an equitable assessment to be agreed upon between the parties, failing which, 423 request shall be made to the County Property Appraiser for an informal assessment taking into account available 424 exemptions. A tax proration based on an estimate shall, at either party's request, be readjusted upon receipt of 425 current year's tax bill. This STANDARD K shall survive Closing. 426 L. ACCESS TO PROPERTY TO CONDUCT APPRAISALS, INSPECTIONS, AND WALK-THROUGH: Seller 427 shall, upon reasonable notice, provide utilities service and access to Property for appraisals and inspections, 428 including a walk-through (or follow-up walk-through if necessary) prior to Closing. 429 M. RISK OF LOSS: If, after Effective Date.. but before Closing, Property is damaged by fire or other casualty 430 ("Casualty Loss") and cost of restoration (which shall include cost of pruning or removing damaged trees) does not 431 exceed 1.5% of Purchase Price, cost of restoration shall be an obligation of Seller and Closing shall proceed 432 pursuant to terms of this Contract. If restoration is not completed as of Closing, a sum equal to 125% of estimated 433 cost to complete restoration (not to exceed 1.5% of Purchase Price), will be escrowed at Closing. If actual cost of 434 restoration exceeds escrowed amount, Seller shall pay such actual costs (but.. not in excess of 1.5% of Purchase 435 Price). Any unused portion of escrowed amount shall be returned to Seller. If cost of restoration exceeds 1.5% of 436 Purchase Price, Buyer shall elect to either take Property "as is" together with the 1.5%, or receive a refund of the 437 Deposit, thereby releasing Buyer and Seller from all further obligations under this Contract. Seller's sole obligation 438 with respect to tree damage by casualty or other natural occurrence shall be cost of pruning or removal. 439 N. 1031 EXCHANGE: If either Seller or Buyer wish to enter into a like-kind exchange (either simultaneous with 440 Closing or deferred) under Section 1031 of the Internal Revenue Code ("Exchange"), the other party shall cooperate 441 in all reasonable respects to effectuate the Exchange, including execution of documents, provided, however, 442 cooperating party shall incur no liability or expense related to the Exchange, and Closing shall not be contingent 443 upon, nor extended or delayed by, such Exchange. 444 O. CONTRACT NOT RECORDABLE; PERSONS BOUND; NOTICE; COPIES: Neither this Contract nor any 445 notice of it shall be recorded in any public records. This Contract shall be binding on, and inure to the benefit of, the 446 parties and their respective heirs or successors in interest. Whenever the context permits, sin II include plural Buyer's Initials &Ui _ Page 8 of 10 Seller's Initials FlondaRealtors/FlondaBar-ASIS 1 Rev.6/10®2010 Florida RealtorsO and The Florida Bar All rights reserved /0t/2wp 44- STANDARDS FOR REAL ESTATE TRANSACTIONS (CONTINUED) 448 and one gender shall include ail. Notice and delivery given by or to the attorney or broker(including such broker's real 449 estate licensee) representing any party shall be as effective as if given by or to that party. All notices must be in 450 writing and may be made by mail, personal delivery or electronic (including "pdf") media. A legible facsimile or 451 electronic (including"pdf') copy of this Contract and any signatures hereon shall be considered for all purposes as an 452 original. 453 P. INTEGRATION; MODIFICATION: This Contract contains the full and complete understanding and agreement 454 of Buyer and Seller with respect to the transaction contemplated by this Contract and no pnor agreements or 4s5 representations shall be binding upon Buyer or Seller unless included in this Contract. No modification to or change 456 in this Contract shall be valid or binding upon Buyer or Seller unless in writing and executed by the parties intended 457 to be bound by it. 458 Q. WAIVER: Failure of Buyer or Seiler to insist on compliance with, or strict performance of, any provision of this 459 Contract, or to take advantage of any right under this Contract, shall not constitute a waiver of other provisions or 46o rights. 461 R. RIDERS; ADDENDA; TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Riders, addenda, and typewritten 462 or handwntten provisions shall control all printed provisions of this Contract in conflict with them. 463 S. COLLECTION or COLLECTED: °,COLLECTION', or,,COLLECTED,, means any checks tendered or received, 464 including Deposits, have become actually and finally collected and deposited in the account of Escrow Agent 466 or Closing Agent. Closing and disbursement of funds and delivery of Closing documents may be delayed by 466 Closing Agent until such amounts have been COLLECTED in Closing Agent's accounts. 467 T. LOAN COMMITMENT: "Loan Commitment" means a statement by the lender setting forth the terms and 468 conditions upon which the lender is willing to make a particular mortgage loan to a particular borrower. 469 U. APPLICABLE LAW AND VENUE: This Contract shall be construed in accordance with the laws of the State of 470 Florida and venue for resolution of all disputes, whether by mediation, arbitration or litigation, shall lie in the county in 471 which the Real Property is located. 472 X. BUYER WAIVER OF CLAIMS: Buyer waives any claims against Seller and, to the extent permitted by 473 law, against any real estate licensee involved in the negotiation of this Contract, for any defects or other 474 damage that may exist at Closing of this Contract and be subsequently discovered by the Buyer or anyone 475 claiming by, through, under or against the Buyer. 476 ADDENDA AND ADDITIONAL TERMS 477 19. ADDENDA: The following additional terms are included in the attached addenda and incorporated into this 478- Contract (Check if applicable): ❑A. Condominium Assn. []L. RESERVED ❑R. Rezoning ❑Y. Seller's Attorney ❑B Homeowners'Assn. ❑S. Lease Purchase/ Approval ElC. Seller Financing ❑M.Defective Drywall Lease Option ❑Z. Buyer's Attorney [�D. Mortgage Assumption ❑N Coastal Construction ❑T Pre-Closing Approval ❑E. FHAfVA Financing Control Line Occupancy ❑AA. Licensee-Personal H F. Appraisal Contingency ❑O. Insulation Disclosure ❑U Post-Closing Interest in Property G. Short Sale ❑P Pre-1978 Housing Occupancy ❑BB. Binding Arbitration ❑H Homeowners' Insurance Statement(Lead ❑V. Sale of Buyer's ❑ Other ❑ 1. FIRPTA Based Paint) Property [�J. Interest-Bearing Acct ❑Q Housing for Older ❑W.Back-up Contract []K. RESERVED Persons ❑X Kick-out Clause 479. 20. ADDITIONAL TERMS:Seller to have current tenant evicted before closing _ 4ao- Buyer will assume all closing cost's associated with this transaction. 4s1* - 482` 483* u 484* 485* 486* 487* 488* 489* _ 490' 491* 492* 493* Buyer's Initials O&D_ Page 9 of 10 Seller's Initial Florid aRealtors/FlondaBar-ASIS-1 Rev 6/10 @ 2010 Florida Realtors)and The Florida Bar. All rights reserved. 1191A.00 494 COUNTER-OFFER/REJECTION 495- El Seller counters Buyer's offer (to accept the counter-offer, Buyer must sign or initial the counter-offered terms and 496 deliver a copy of the acceptance to Seller). 497* F--1 Seller rejects Buyer's offer. 498 THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT,IF NOT FULLY UNDERSTOOD,SEEK THE ADVICE 499 OF AN ATTORNEY PRIOR TO SIGNING, Soo THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR. sot Approval of this form by the Florida Realtors and The Florida Bar does not constitute an opinion that any of the terms 502 and conditions in this Contract should be accepted by the parties in a particular transaction. Terms and conditions $03 should be negotiated based upon the respective interests, objectives and bargaining positions of ail interested 504 persons. 6os AN ASTERISK (*) FOLLOWING A LINE NUMBER IN THE MARGIN INDICATES THE LINE CONTAINS A BLANK TO 506 BE COMPLETED. Date:507- Buyer-_,, 5os- Buyer Date: 5og- Seller: I—Z- Date: 510- Seller. Date: 511 Buyer's address for purposes of notice Seller's address for purposes of notice 512, 513* 514* 51s BROKER: Listing and Cooperating Brokers, if any, named below(collectively, "Broker"), are the only Brokers entitled s16 to compensation in connection with this Contract Instruction to Closing Agent: Seller and Buyer direct Closing Agent 517 to disburse at Closing the full amount of the brokerage fees as specified in separate brokerage sis agreements with the parties and cooperative agreements between the Brokers, except to the extent Broker has 51g retained such fees from the escrowed funds. This Contract shall not modify any MLS or other offer of compensation 52o made by Seller or Listing Broker to Cooperating Brokers 521* 522 Cooperating Sales Associate, if any Listing Sales Associate 523* 524 Cooperating Broker, if any Listing Broker Page 10 of 10 FlortdaReattors/FloridaBar-ASIS-1 Rev.6/10C2010 Florida RealtorsS and The Florida Bar All rights reserved ad.111a OMB Approval No.2502-0265 A. Settlement Statement (HUD-1) B.Type of Loan _ 1 FHA 2.�RHS 3.�Conv.Urnns. 6.Fite Number 7.Loan Number 8.Mortgage Insurance Case Number 4.C.VA 5.❑Conv.Ins. - 10-102 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"(p-o.c.)"were paid outside the closing;they are shown here for information purposes and are not included in the totals. D.Name and Address of Borrower E.Name and Address of Seller F Name and Address of Lender VILLAGE OF TEQUESTA FLORIDA FLt,LLC.A DISSOLVED FLORIDA 483 8 479 SEABROOK ROAD ! 17211 QUEEN ANNE BRIDGE ROAD JUPITER.FL : BOWIE,MD 20716 G.Property Location H.Settlement Agent 561-737-1630 483 8 479 SEABROOK ROAD AFFINITY TITLE SERVICES INC JUPITER,FL NORA CANDELA Place of Settlement 1.Settlement Date 6198 S.JOG RD STE 204 11`17/10 _ BOYNTON BEACH FL S33472 ELLER'S J.SUMMARY OF BORROWER'S TRANSACTION: _ K.SUMMARY OF SELLER'S TRANSACTION: 100.GROSS AMOUNT DUE FROM BORROWER 400.GROSS AMOUNT DUE TO SELLER 101.Contract sales price 225.000.00 401.Contract sales price 225,000.00 102.Personal property 402 Personal property - - 103.Settlement charges to borrower(line 1400) 10,485.47'�.44003. 104. ---a 404. 105. 405. -- Ad ustments for items paid by seller it advance Adjustments for items paid by seller in advance 106.Cityltown taxes to 406 City/town taxes to 107.County taxes to 1 407.Co!n xes -- to .._ '~108.Assessments to 408.Assessments to 109. I 4409. -� 110. -- !410- ------ -r- 111. - 112. 1412, - --a - 1 120.GROSS AMOUNT DUE FROM BORROWER 235,485.47 J 420 GROSS AMOUNT DUE TO SELLER 225,000.00 2-00.AMOUNTS PAID BY OR IN BEHALF OF BORROWER 500.REDUCTIONS IN AMOUNT TO SELLER I 201.Deposit or earnest money _ I 501.Excess Deposit(see instructions) 202-Principal amount of new loan(s) 1 502.Setliement charges to seller(line 1400) ! 11,250.00 203.Existing loan(s)taken subject to I _ 503.Existing loan(s)taken subject to 204. i 504.Payoff of first mortgage loan -- . i I'...205- 505.Payoff of second mortgage loan 206. 506. 207. __507. 206. 508.-._.....- ----- - � 209. 509 ---- Adjustmentc for items unpaid by salter - Adjustments for items unpaid by seller 210.CRy town taxes - to 510.Ciryftown taxes to -- -- _21t.Counrytaxes 01/01 to 11117 1 4903.60'Y511.Counlytaxes 01/01 to 11/17_^ 4,903.60� 212.Assessments to ___ 51.2.Assessments to 513. 213 I,514, 214. - 215. _ StS._ _ 216- - - -516 {- . _217. - ----'517 ------ -- �-- .- 218. -..._ 518. -- 219. 519__-- I--- -- _220-TOTAL PAID BY/FOR BORROWER 4,903_60 520.TOTAL REDUCTION AMOUNT DUE SELLER 16,153,60 300.CASH_AT SETTLEMENT FROM OR TO BORROWER 600.CASH AT SETTLEMENT TO OR FROM SELLER 301.Gross amount due from borrower(line 120) } 235.485.47,-601.Gross amount due to seller fine 420) 225 000.00- _302.Less amounts paid by/for borrower(line 220) t 4,903.601 602,Less reduction amount due to seller(fine 520) 16J53.601 303,CASH FROM BORROWER _230,581,87 603.CASH TO SELLER 208.846,40 SUBSTITUTE FORM 1099 SELLER STATEMENT Theinfofmabon contained herein fs important tax irtbr motion and rs being furnished to the tnterr!al Revenue Service If you are required to file a return.a negirgerm penalty or other senotwn vnu be imposed on you R 1Ms rem. required to be reported and III IRS determines that it has not been reported The Comfort Sales Price described on Line 401 above constautes the Grose Proceeds of this Teimacbon. SELLER INSTRUCTIONS To determine if you.new to report the saie or exnfange of your primary reagance on your tax return we me Schedule D IF-1040)Inatruclona.If tha read estate Was not your prmary resrdance,complete the aPPhcable paffa of Form 4797.Form 6262.and/or Schedule D IF-1040I. vcu afe regwed by law to prWda Me aethemanta ant with FLI,.LI ADISSOLVEOFLORIDA penalties,mposed by law Under f 9 your mur taxpayer identification number If you do not Ptovda your-act mubayw identlficabor,number.you may be subpct to Civil or onnbnel penariea a.perjury,I cerpfy Mat the number snows on Mia statement a my Correct taxpayer dantrticabon number. TIN# PAULA E BIELSKI. Page 1 of 3 HUD-1 _ L SETTLEMENT CHARGES: File Number 10-102 -' 700.Total Real Estate Broker Fees PAID FROM PAID FROM Division of commission(line 700)as follows: J BORROWER'S SELLER'S 701_$ 1125000 to AAA REALTY GROUP INC FUNDSAT FUNDSAT 702. $ to SETTLEMENT SETTLEMENT 703.Commission paid at Settlement t?250.00 704, 705 CONTRACT PREPARATION JSC REALTY CORPORATION 50000 800.kerre Payable in Connection with Loan P.O.C. 801.Our origination charge $ (from GFE#1) 802 Your credit or charge(points)for the spednc interest rate chosen $ (from GFE#2) - - _ -- 803 Your adjusted origination charges (from GFE A) 804 Appraisal Fee (from GFE#3) _ _805. Credit Report (from GFE#3) _80 Tax service (from GFE#3) _ (from GFE#3) - _ 80T 7.Flood certification ' 808. 809 810 Bit 812, _813 814 900.Morris Retpdrod by Lender to Be Paid in Advance 901 Daily interest charges from to as ldey (fromGFE#10) 902 Mortgage Insurance Premium for to (from GFE#3) 903. Homeowner's insurance for to (from GFE#11) _ - 904. 905 1000.Reserves De "Red vrBh Lender _y 1001. Initial deposit for your escrow account (from GFE#9) 11D02. Hazard Insurance mo.00$ per mo S 11003 Mortgage Insurance mo-It$ per mo. S L 004 City property taxes mo.(I per mo $ 1005. County property taxes mo.ID S per Mo. S 1006.Annual Assessments mo. $ per Tic S 1007. Mo. $ per mo. $ 1008. mo. $ per mo. $ 11009.Aggregate Adjustment $ 11100 Title Charges 1101 Title services and lender's title insurance from GFE#4 300.00 1102. Setttement or closin fee AFFINITY TITLE SERVICES INC S 200.00 fromGFE#4) 11103 Owners tibe insurance AFFINITY TITLE SERVICES INC Ifrom GFE#5) 1,200.00 1104. Lenders title insurance AFFINITY TITLE SERVICES INC 1105, Lenders title policy limit j 1106.Owners litfe Policy limit 225 000.00-1 200()0 1107.Agent's portion of the total title insurance premium AFFINITY TITLE SERVICES INC $ 840.00 1108 Underwnters portion of the total title insurance premium FIRST A'MERICAN $ 360.00 1109 TITLE SEARCHIEXAM TITLE EVIDENCE S 100.00 from GFE#4 117D. 1112. _1113. j 1200.Govemmertt Recon6ng and Transfer Charges 1201.Government recording charges (from GFE#7) 19.10 1 1202. Deed$ 1910 MO a e$ Releases$ 1203.Transfer taxes from GFE418 1,873.201 '11 204_Citylcourlty taxtstamps Deed S Mortgaoe S 1205.State taxlstam s Deed S 1,575 00 Mortgage$ 1206.intangible Tax Deed S Mortgage$ from GFE 1207 1208. DC AFFIDAVITITRUST AFFI CLERK OF CIRCUIT COURT $ 98.20(from GFE#8) 1300.Add-itional Settlement Charges 1301 Reguired services that'ou can sh for from GFE#16 6,793.17' 1302 SURVEY DAVID CUTLER $ 1,200,00 Ifrom GFE#6) � 1303.2010 PROPERTY TAXES TAX COLLECTOR $ 5.410.22(from GII 7304 2010 PROPERTY TAXES TAX COLLECTOR $ 182.95 from GI 1305. 1306. 1307. 1308 1400.Total Settlement Charges(enter on lines 103 Section J and 602,Section K) 10,485.47- 11,250.00 :L1,LLC.A DISSOLVED FLORIDA Nlty rev,ewetl the HUD-1 Settlement ixrpe ern and to the best of nt tabam dge and bekiet..It ti a true and accurate statement of all rec to,and disbu raamanta made on my ac rd:or by me in this lrensaYda�I Nro+ar certnY foal I hav4 eceive a copy of the HUD-1 settlement Statement f q r/J L Q t',C(, aw`, Y/�� 11/I t/ie PAULAE BIELSKI, VILLAGE OF TEOUESTA FLRIDA The HUD-1 Settlement s'retement wh1oh I have prepared is a hue and ace rate account of m.aansaction have caused or wIol cause the funds to be disbursed in accordance with this statement AFFINITY TITLE SERVICES INC Date WARNING R is a cnme to knowingly make false shigamenrs to the United States on this or any other s,mgw form Penalties upon comicdan can Include a fine of imprisonment.F.,details see Title 18 U S Code ss..h 1001 and Section 1010 Page 2 of 3 HUD-1 Companisoln of Good Faith Estimate GFE and HUD-1 Cha es File Number:10.102 Good Faith Estimate HUD-1 Charges That Cannot Increase HUD-1 Line Number Our origination charm # 801 Your credit or for the specific interest rate chosen # 802 Your a gusted origination charges # 803 Transfer taxes #1203 1.647.20 1,673 20 State taxistam -Deed $ 1,575.00#1205 DC AFFIDAMWI-RUST AFFIDAVIT $ 98.20#1208 Cha That In Total Cannot Increase Mon Than 10% Good Faith Estimate HUD-1 Government recording charges #1201 19.10 19.10 Government recording -Dead S 19.10#1202 Title services and lenders title irourarhoe #1101 300.t10 300.00 Owners title insurance #1103 1200.00 1,200.00 SURVEY #1302 475.OD 1,200.00 2010 PROPERTY TAXES #1303 5,410.22 5,410.22 2010 PROPERTY TAXES #1304 182.95 _ 182.95 TOTAL 7,55727 8,312.27 Increase between GFE and HUD-1 Cha 725.00 or 9.56 % Charges That Can Change Good Faith Estimate HUD-1 Mal depsit for your escrow account #1001 Daily interest charms # 901 $ --- Homeowners insurance # 903 Loan Terms Your initial ban amount is S Your loan term is Your initial interest rate is 0 % Your initial monthly amount owed for principal,interest, S includes and any mortgage insurance is ❑ Principal El Interest ❑ Mortgage Insurance Can yore interest rate rise? ®No. �] Yes,@ can rise to a maximum of %. The first change will be on and can change again every after . Every change date,your interest rate can increase or decrease by %. Over the life of the loan,your interest rate is guaranteed to never be lower than %or higher than %. Even H you make payments on time,can your loan balance rise? ®No. ❑Yes,it can rise to a maximum of$ Even it you make payments on time,can your monthly ®No. ❑Yes,9re first increase can be on and the rthontlnty amount amount owed for principal,interest,and mortgage insurance rise? owed can rise to$ The maximum it can ever rise to is$ Does your loan have a prepMTnnt penalty? ® No.❑ Yes, rr maximum re ent enalty is S Does your loan have a balloon payment? ® No.❑ Yes,you have a balloon payment of$ due in on Total monthly amount owed including escrow account payments ®You do not have a monthly escrow payment for items,such as property taxes and homeowners insurance. You must pay these items directly yourself, ❑You have an additional monthly escrow payment of$ that results in a total initial monthly amount owed of$ This includes principal,interest,any mortgage insurance and any items checked below: 1 ❑ Property taxes Li Homeowners Insurance ❑ Flood Insurance ❑ ❑ ❑ Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form,please contact your lender. Page 3 of 3 HUD-1 OMB Approval No.2502-0265 A. Settlement Statement (HUD-1) I B.Type of Loan -� •I 1.0 FHA 2.0 RHS 3.2Conv.Unins.- 6,File Number 7.Loan Number 8,Mortgage Insurance Case Number 4i VA 5.7 Cong.ins. 10-102 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"(p.o-c)"were paid outside the closing;they are shown here for information purposes and are not included in the totals. D-Name and Address of Borrower E.Name and Address of Seller j F.Name and Address of Lender VILLAGE OF TEQUESTA FLORIDA I FL7,LLC,A DISSOLVED FLORIDA 483&479 SEABROOK ROAD 17211 QUEEN ANNE BRIDGE ROAD JUPTER,FL BOWIE,MD 20716 G.Property Location H.Settlement Agent 561-737-1630 i I 483&479 SEABROOK ROAD AFFINITY TITLE SERVICES INC JUPITER,FL NORA CANDELA 1, Place of Settlement I.Settlement Date 8195 S JOG RD 11/17/10 STE 204 _ _ 1 BOYNTON BEACH FL 33472 j J.SUMMARY OF BORROWER'S TRANSACTION: K.SUMMARY OF SELLER'S TRANSACTION: 100.GROSS AMOUNT DUE FROM BORROWER '400.GROSS AMOUNT DUE TO SELLER - 101.Contract sales price 225,000-00 401.Convect sales priceT i 225,000.00: 102.Personal property 402.Personal property 103.Settlement charges to borrower(line 1400) 1Q485.47 104. 404, 105. -- ----- --4 405. Adjustments for items paid by seller in advance 1 Adjustments for items paid by seller In advance 106.City/town taxes to 408.Cityltown taxes to 1 107.County taxes to - 407.County taxes _ to 108.Assessments to •408,Assessments to la 409. 1110. 1410. 111. 411. _ 112. i l 412. JIM 120.GROSS AMOUNT DUE FROM BORROWER I 235,485.47 420.GROSS AMOUNT DUE TO SELLER - 225,000,00J 201)AMOUNTS PAID BY OR IN BEHALF OF BORROWER 1500.REDUCTIONS IN AMOUNT TO SELLER _ :201.Deposit or earnest money _ 601.Excess Deposit see instructions i 202.Principal amount of new loan(s) 502.Settlement charges to seller(line 1400) L 11,250-00 203.Existing loans)taken subject to j 503.Foisting loan(s)taken subject l0 4 204. 1504.Payoff of first mortgage loan, I 205. t 505.Payoff of second mortgage loan 206, 207. - --- 507. ..--- - 208. 508. 209. j _ Adjustments for Items unpaid by seller Ad ustments for items unpaid by seller _ 1 210.Cityttown taxes to 510.Cit/tow_n taxes to _ --- _ j 211.County taxes 01101 to 11/17 4.90160 511.County taxes _ 01101 to 11117 _ 4,903.eo1 212.Assessments to - 512.Assessments to _ _ -I( -213. 513. �214. 541 . _ _ _- 1 215. -�- 515. ' -_ _ j 516. 217. 1517. I 218. 518, _ 219, 220.TOTAL PAID BY I FOR BORROWER 4,903-60 520,TOTAL REDUCTION AMOUNT DUE SELLER _ 16,153.601 300.CASH AT SETTLEMENT FROM OR TO BORROWER 1600.CASH AT SETTLEMENT TO OR FROM SELLER `.301.Gross amount due from borrower(line 120) 235,485.47 601.Gross amount due to seller(line 420) � 225,000.00 302,Lest s amounts paid by/for borrower(line 220) _ 4,903.60 602.Less reduction amount due to seller(line 520) 16.153.60 i I�303,CASH FROM BORROWER 230.581.87 603.CASH TO SELLER 208.846.40 SUBSTITUTE FORM'.099 SELLER S'.ATEMENT The in'orrnation c .Lsmed hei rnr rtant tax trronraron and is being'r-ished to the Wernat Reve-Service.I!you are required to five a velum,a negligence peralty x amer sanction will be imposed on you if this':farm is resquiree to be reccned and Its IRS de:ernhes Vat it has not tear.reported.The Ccr.sau Sales Prce a-bec cn Una 40i acove con riwes ma Gross Proceeds of des Vsnsaclion. SELcER INSTRUCTIONS:'o delannina if you have!o repot ale sYe of exonarge of your primary residante on you.'lax rehun,see;^e Sc�edu'e D(Form'C4G)insln.c:ons-:r lne real es!ale was nil you' prmary resicence,mmpnete the applrable parts of Form 47a7,Form 5252.and Ic'Schedule D(form 14" . You se required oy law to provide me sea:sment agent nnn ya:r ramecl IaxpaYsr ideneflra!ion ra.rltber.If you o4'� axpaye Of. nu_.r.-au may b s:bjec;io cvu o--raj penai;ia3 imposed by law.Lender pene'a'.es N perjury.I centy That 01e numoer shorn on this slalemMt.s my mrre r .oarr' r TIN# P Page 1 of 3 HUD-1 L.SETTLEMENT CHARGES; _File Number.10-102 700.Total Real Estate Broker Fees PAID FROM PAID FROM r- Div m w BORROWER'S SELLER'S Division o!commission(fine 700)as follos: 701.5 11,250.IK to AAA REALTY GROUP,INC FUNDS AT FUNDS AT 7GZ.S to SETTLEMENT SETTLEMENT • 703-Commission paid at Settlement _.. 11,250.00 7I 05. CONTRACT PREPARATION JSC REALTY CORPORATION 500A0! 800. Items Payable in Connection with Loan P.O.C. 1 801. Our onginalion charge _ S (from GFE#1) _ 802.Your credit or chanle(points)for the specific interest rate chosen 5 (from GFE#2) i 803,Your adjusted origination charges (from GFE A) 804_Appraisal Fee 505.Credit Report (from GFE#3) 806.Tax service from GFE#3 807. Food certification -(from GFE#31 j 808. li 809 809 10 Bit- - 812. -- Bt� 900.Items Required by Lender to Be Paid in Advance -J 901, Daily interest charges from to AS /day (from GFE4101 902.Mortgage Insurance Premium for to (from GFE#3) 903.Homeowners insurance for to (from GFE#11 1000.Reserves Deposited with Lender - 1001.Initial deposit far your escrow accaunl rfrom GFE#9) 1 OLE Hazard Insurance mo,a S per mo- $ 103.Mort a e Insurance _ mo.r@ S _ per mo. S _T �I 1004.City property taxes Mo,@ S per mo. S 1005 County property taxes mo.( S per mo. 1008.Annual Assessments mo. S f per mo. 5 -_ 1007. mo.@$ per mo. $ 11 Cos. mo,@$ per mo, S 11009,Aggregate Adjustment _S ---- _ I 1100,Title Charges 110i.Title services and lenders title insurance (from GFE#4) 300.G0 1102-Settlement or doling fee AFFINITY TITLE SERVICES INC S 20000(from GFE#4) •1103 Owners title insurance AFFINITY TITLE SERVICES INC - (from GFE#5) - 1200.00 i -- 1104. Lenders title insurance AFFINITY TITLE SERVICES INC 1105, Lenders title poiin limit _ 1106, Owners Idle tic}_I'Im_it 225,000.00-1,200.00 1107rAgent's porlion of the total ti0e insurance premium AFFINITY TITLE SERVICES INC $ 840.00 1108, Underwriters portion of the total Gtle insurance premium FIRST AMERICAN _ S 360,00 1109,TITLE SEARCHIEXAM TITLE EVIDENCE $ _100.00(from GFE#4) 'f 1110. - - 1111. - 1112. 1 -II 1200.Government Recording and Transfer Charges 1201. Government recording rJtarges_ from GFE ) 19.1^ 1202.Deed S 19.10 Mortgage$ Releases$ 1203.Transfer taxes (tiom GFE#8)_ _ 1 573.20 t 204. City/county!aWstamps Deed S Mortgage S ___-- ,1205.State tax/stamps Deed S 1,575.00 Mortgage$ _ i _ 'I 11206,Intangible Deed 5 Mortgage$ (from GFE#8) 11207, _ 11208, DC AFFIDAVITIrRUST AFFI CLERK OF CIRCUIT COURT _ $ 98.20(from GFE#8) I 11300.Additional Settlement Charges 1301. Required services that you can shop for (from GFE#6) 6,793.17'_ 11302. SURVEY DAVID CUTLER 5 1,200.00 (from GFE#6) _ 1303.2010 PROPERTY TAXES _ TAX COLLECTOR $ 5,410,22(from GFE45) 1304.2010 PROPERTY TAXES TAX COLLECTOR _ $ 192.95(from GFE#6) 1305. 130 1307. �1308_ +_ i 1400.Total Settlement Charges(enter on lines 103,Section J and 502 Section K) _ 10 485 477 t 1,250.oJ -1 LLC,A LVEJ FLCRIOA I nave ore`,lA re ewe0 It.HUO-1 Semer.enr Statemerl and to the Est of my kt-tedge and belief,it is a true aro acryr emer•; f ad receipts r�1 ds mans^.ace-n account Gr of main IPa VavaN«I.I r r candy:net I have r uB-rEnaeman S�atemem. V OFT=GUESTAFLORIDA -111 SKI, SBfllemera swerMnt.Nch I have pri p.e,ed iS a:me ar d a.Gur'ela aCGOufa Gf tn.a wars�G:icn I^eve caused cr wR Uuee/I� rUn s'O ^yua a iri aGGGlda^GB w:n lN! .am¢nl TITLE SEERVIt E5 AC It s a vlme to kn vvingly make false stalements w the United States on this or any other srtular'olm,Papa Ues Pon rnn�ac Gan ird::d A r,:.pr'wS rt For cea Is sae'-'I 1,IB US Coae Seclirxt 1001 and Seal: t010. Page 2 of 3 HUD-1 Comparison of Good Faith Estimate(GFE)and HUD-1 Charges File Number 10-102 Good Faith Estimate- HUD-1 Charges That Cannot Increase HUD-1 Line Number Our origination charge # 801 Your creditor charge(points)for the specific interest rate chosen # 802 - _ Your adjusted originaflon charges # 803 1 Transfer taxes _ _ #1203 I 1.64720 1,673.20 State faxrstamps-Deed $ 1.575.00#1205 1. DC AFFIDAVITt7RUST AFFIDAVIT $ 98.20#1208 Charges That in Total Cannot Increase Moro Than 10% _ _ !Good Faith Estimate` HUD•1 Govemment recording char es #1201 19.10 19.10 Govemment recording charges-Deed __ 8 19.10#1202 ! Title services and lenders title insurance #1101 300.00 300.00 j Owner's title insurance #1103 _�� 1,200.00 1,200.00 SURVEY #1302 475.00 1,200.00 2010 PROPERTY TAXES #1303 _ 5.410.22 1 5,410,22 2010 PROPERTY TAXES #1304 __ 182.95 _ 182,95 ------ — --- TOTAL'' 7 587.27 { 8.312.27 between GFE and HUD-1 Charges I$ 725.00 or 9.56 %]I Charges That Can Change _ Good Faith Estimate HUD-1—� Initial deposit for your escrow account #1001 DaiIV interest char es # 901 $ [day, ti Homeowner's insurance # 903 I Loan Terms Your initial loan amount is Your loan term is j Your initial interest rate is 0 % Your initial monthly amount owed for principal,interest, $ includes and any mortgage insurance is Principal ZI Interest ❑ Mortgage Insurance Can your interest rate rise? E No.❑Yes it can rise to a maximum of %. The first change will be i on and can charge again every after Every change dale,your interest rate can increase or decrease � by %. Over the life of the loan,your interest rate is guaranteed to never be lower than %or higher than %. _ j Even if you make payments on time.can your loan balance rise? E No. ❑ Yes,it can rise to a maximum of$ Even if you make payments on time,can your monthly H No.❑Yes,the first increase can he on and the monthly amount amount owed for principal,interest,and mortgage insurance rise? owed can rise to$ — The maximum it can ever rise to is$ Does your loan have a prepayment penally? ,E No, 7 Yes,your maximum prepayment penalty is S Does your loan have a balloon payment? E No. ❑ Yes,you have a balloon payment of S due in on Total monthly amount owed including escrow account payments E You do not have a monthly escrow payment for items,such as property taxes and homeowner's insurance, You must pay these items directly yourself, ❑You have an additional monthly escrow payment of S that results in a total initial monthly amount owed of S This includes principal,interest,any mortgage insurance and any items checked below ❑ Property taxes Homeowners Insurance Flood Insurance ❑ n Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form,please contact your lender Page 3 of 3 HUD-1 OMB Approval No.2502-0265 A. Settlement Statement (HUD-1) B.Type of Loan I,-FHA 2.❑RHS 3.-Conv.Unins. 6,File Number 7.Loan Number 8.Mortgage Insurance Case Number 4.-VA 5.-Conv.Ins. 10-102 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°(p.o.c.)"were paid outside the closing;they are shown here for Information purposes and are not included in the totals. D.Name and Address of Borrower E.Name and Address of Seller F.Name and Address of Lender VILLAGE OF TEQUESTA FLORIDA FL1,ll A DISSOLVED FLORIDA 483&479 SEABROOK ROAD 17211 QUEEN ANNE BRIDGE ROAD JUPITER,FL BOWIE,MD 20716 I G.Property Location - H-Settlement Agent T `561-737-1630:I 483&479 SEABROOK ROAD AFFINITY TITLE SERVICES INC JUPITER,FL NORA CANDELA 1 Place of Settlement I.Settlement Date 8198 S JOG RD 11/17/10 STE 204 BOYNTON BEACH FL 33472 _ i _ J.SUMMARY OF BORROWER'S TRANSACTION: K.SUMMARY OF SELLER'S TRANSACTION: -1 100,GROSS AMOUNT DUE FROM BORROWER _ 1400-GROSS AMOUNT DUE TO SELLER lot-Contract sales price 225,000.00 401.Contract sales price _ - 225,000.00 102.Personal property 402.Personal ` 103.Settlement charges to borrower(line 1400) 1 10,485,47 403 104. 404. 105. Adjustments for items paid by seller in advance Adjustments for items paid by seller in advance - ! 1106.City/town taxes to_�_ �406.Cityltown taxes to 107.County taxes to _ 407.County taxes to 108.Assessments to 408.Assessments to 1110, _ 410. _ 4i1. 112. - - 412, _ - 120.GROSS AMOUNT DUE FROM BORROWER 235,485.47 420.GROSS AMOUNT DUE TO SELLER 225,000,00 i 200.AMOUNTS PAID BY OR IN BEHALF OF BORROWER _1I 500-REDUCTIONS IN AMOUNT TO SELLER i 201.Deposit or earnest money _ _ _ 501.Excess Deposit(see instructions) 202.Principal amount of new loan(s) 502.Settlement charges to seller(line 1400) 1 11 250.00 203.Existing loan(s)taken subject to 503.Existing loans)taken subject to 204, 504.Payoff of first mortgage loan 205, 505.Payoff of second mortgage loan 2o6. 506. 207 - - -- 507. ---- -� 208. 209. Adjustments for items unpaid by seller Adjustments for items un aid by seller 210.City/town taxes to i 510.City/town taxes. �211.Ccun taxes _ 01101 to 11/17 4,903.601 511.County taxes 01/01 to 11117 4,903.60� 212.Assessments to 512.Assessments 213_ _ 1513, t 215. _ 515, 216. --- -- -__ _ 516. ------ -- �.� - -- 217. - -- --- - ---- 517. ----------- -- --- --� 218. 518. T _ 219.- ------- ----- ----- 519. ----- ------ -------- 220.TOTAL PAID BY/FOR BORROWER 4,903.60 520.TOTAL REDUCTION AMOUNT DUE SELLER 16,153.60 j --- - 0 300,CASH AT SETTLEMENT FROM OR TO BORROWER 600.CASH AT SETTLEMENT TO OR FROM SELLER _ 301.Gross amount due from borrower(line 120) 235,485.47 601.Gross amount due to seller(line 420) 225,000,00' 302,Less amounts paid by/for borrower(line 220� 4,903.60 602.Less reduction amount due to seller(line 520) 16,153.60 303,CASH _ FROM BORROWER _230,581.87 i 603.CASH TO _ SELLER 208,846.40 S UBSTI T UTE FORM 1C99 SELLER STATEMENT.T,.information contained zerre's important tax inbrmahl and s being iv rnlshed to the internal Revenue Service.If you are reauired to file a return,a neg g penalty o other notion 'I p s y en if s te 's requ r d t b -r p d and the IRS deter^i nas that it has not been reported The Contract Sales Price described on Line 401 above con a,a, P d or a t n. SEL ER.N de RUC INS.S.T d t `i you h I p«the sale or exchange f J mary residence on your tax return see the Schedule D(Form 1040)instruc-ions.I.the rea estate was not your primary residence complete the apol'cable parts of Form 4197.Form 6252,and for Son.dle D;Form 1040} F.1,PLC A DISSOLVED FLORIDA Y.0 are required by law to provide the settlement agent with your correct taxpayer identification^umber_If you J.not provide your correct taxpayer identification number,you may be subject to civil or criminal Penalties Imposed by taw.Under penalties of peryury,I certify that the:camber shown on this statement is my Correct taxpayer idenBficaton number. TINT? PAULA E 21ELSRI, Page 1 of 3 HUD-1 L.SETTLEMENT CHARGES: 7Ay TPIe1 q¢el Euate Braher Fees -- PAID FROM PAID FROM abn Jar^ .i,,,;n.+ .. - .. ............... .. timr;a ', BORROWER'S SELLER'S s .01 v :,wqr.A,rr^Frr,.:c,i.J,:.. - - -. - ... ..�', FUNDS AT FUNDS AT 02 5 I II 3ETTLEMENT SETTLEMENT • .. F ..5 N eaP a P.yanl In connecuorr wIm Loa.r _,, :Ir.nl GFr=/'. - ' ,m i Sao.1—Rey.Ltl by L.ge,r to Bh P¢le fi,aw.n<e - .. Y_! '.TBOy.Rheervee OepoaF,howiM Lentl¢r - r'C fion GFEPEI I'd gay preRy a.es - 'jr,or�_y.'aree Tr;.YV c p¢...:. ? - -_n !a >gdays-e nejualmem.... T role Cne.9ee. "" ro tarvCe tl. _i, tia't ai.rDl"'e 'h71GFr 02: 1-'Y' E E .ICES;v:: Z b h_^m GFaxl .. `.] AFF N1 TY E3Ei41,:F S'IJ FnaYit _. tl.ll—. p AF.-il I I SER'IC_5".r: S PICW FIR5 I-.M11 ,..N 5 _".PS.;6 , RE 9E.ari;:ViEY.t1A _EIDFINC,= 1. 170'J G - .IR ad p.ntlT ehr Cn.rpe6 I r ar. ,Iran r�FEY°: '3 zc_ r , C¢¢,:S_. F,�AF.:L'F,I f US'.`.J-fl L E-n',�F r- -- - ,. I .r ,Irnr^GFEYd:. Addy o-SaRI¢menl Cloryea _ IZ2 . ;a k aF' 9 4J°!' 1 Y< _LiE.,^Z SV]72 T",arras) . 'i V 'RfiFER..T 1E'a A - ::_'^'^R _ _ :_ I?, .11m^::c 1.100 i°Ial 3eniamarl Cnaryef tnl Fneh lyl 9Mion JanJ 6C2.Secnnn r, + • Comparison of Good Faith Estimate(GFE)and_H_U1 D=Charges _ File Number:10-102 1 Good Faith_Estimate HUD-1 Charges That Cannot Increase HUD-1 Line Number Our origination charge _# 801 Your credit or charge(points)for the specific interest rate chosen # 802 _ Your adjusted on ig nation charges _ _ # 803 fer taxes State ta(/stam _ .- #1203 1,647.20 — 1,673.20 Slate tax/stamps-Deed $ 1.575.00#1205 DC AFFIDAVIT/TRUST AFFIDAVIT $ 98.20#1208 Charges That in Total Cannot Increase More Than 10% __ Good Faith Estimate HUD-1 Government recording charges #1201 1910 19.10 Government recording charges-Deed S 19.10#1202 Title services and lenders title insurance #1101 300.00 300.00 Owners tit a insurance _ #1103 1,200.00 1,200.00 SURVEY #1302 475.00 1,200.00 2010 PROPERTY TAXES #1303 5,410.22 5,410.22 2010 PROPERTY TAXES #1304 _ 182.95 182.95 TOTAL' 7.587.27 j 8,312.27 Increase between GFE and HUD-1 Charges$ 725-00 or 9.56 % Charges That Can Change _ Good Faith Estimate HUD-1 Initial deposit for your escrow account #1001 Daily interest charges # 901 $ /day _ Homeowners insurance _ _ # 903 - I _Loan Terms Your initial loan amount is $ Your loan term is Your initial interest rate is 0 Your initial monthly amount owed for principal,interest, $ includes and any mortgage insurance is Principal Interest Mortgage Insurance Can your interest rate rise? Z No. C Yes,it can rise to a maximum of %. The first change will be on and can change again every after Every change date,your interest rate can increase or decrease by %. Over the life of the loan,your interest rate is guaranteed to never be lower than_ %or higher than _ %. _Even if you make payments on time,can your loan balance rise? X No. Yes,it can rise to a maximum of$ Even if you make payments on time,can your monthly S No. L-. Yes,the first increase can be on and the monthly amount amount owed for principal,interest,and mortgage insurance rise? — owed can rise to$ _ The maximum it can ever rise to is$ r Does your loan have a prepayment penalty? __ __. No. = Yes,your maximum prepayment penalty is$ Does your loan have a balloon payment? M No. . Yes,you have a balloon payment of S due in _ on Total monthly amount owed including escrow account payments E You do not have a monthly escrow payment for items,such as property taxes and homeowners insurance, You must pay these items directly yourself, You have an additional monthly escrow payment of$ that results in a total initial monthly amount owed of$ This includes principal,interest,any mortgage insurance and any items checked below: L Property taxes L Homeowners Insurance Flood Insurance 7 i_ Note: If you have any questions about the Settlement Charges and Loan Terms listed on this form,please contact your lender. Page 3 of 3 HUD-1 1111111W111111111116 CFN 20100459354 OR SK 24230 PG 0878 THIS INSTRUMENT PREPARED BY AND RETURN TO RWORM 12AW2910 17s 16s lO Pala BMolt Cowtr, Florida AFFINITY TITLE SERVICES INC EMT 225.=&N J S JOG RD Doer stem i,sm N N BEACH FL 33472 SAaroa L Yank,CLM & Ca11PY20LIAR Apprasm Puml ldm&icebm(Folio)Numbers:60-42-40-254*#§ORd?BOvd"; t2pgol 60-42.40-25-00-000-5140 C14§os k Space Above This Line For Recording Data THIS W DEED, made the 17th day of November, 2010 by FLI, Ur- A DISSOLVED FLORIDA L — LIABHM COMPANY,herein called the grantor,to VILLAGE OF TEQUESTA FLORIDA, offxe address is 483&479 SEABROOK ROAD,JUPITER,FL,hereinafter called the Crtartee: o (Whv wer reed Main rwdw-and V="-hrhds aft the patiss to this hertrmww and the heft hgal npr�anal and the srocams adamiVa efewpetedta) U W I T N E S S X T H: for and in consideration of the sum of Two HUNDRED TWENTY FIVE 1Ti0USAND AND 00/1 G000.00)Dollm and other valuable coosideradons,roxipt whereof is hereby admowladBed, by grmfs, sells,aliens,ryes,releases,conveys and confirms unto the gaffe all that certain land situaoe in P Courty,Stare of Florida,viz: SEXY 1iX11!l our"A"ATTAC W) �r 1 TOGETHER, with all the oenements,, and apportmances thereto belonging or in anywise rn/ TO HAVE AND TO HOLD,the same m f- . AND,the grantor hereby covenants with said grantee that the grantor is lawfully seized of said lard in fee simple; that the grantor has good tight and lawful authority to sell and convey said land,and hereby warrants the title to said land and will defend the same against ft lawful claims of all Persons whomsoever;and that said land is free of all encumbr—S,except taxes accruing subsequent to December 31,2010. IN WITNESS WHEREOF,the said grantor has signed and sealed these presents the day and year first above written. Signed,sealed and delivered in the presence of. FL-I, LLC, A DISSOLVED FLORIDA LIMITED AV LIABILITY COMPANY wittiness 1 PA ULA E B AS SU TRUSTEE,ITS MANAGING MEMBER 17211 QUEEN ANNE BRIDGE ROAD,BOWIE,MD 20716 w ear#I ed Name — w• pas 142 Signapae J LLe 17211 QUEEN ANNE BRWE ROAD,BOWIE,MD 20716 wttaeffi f12 rimed Name STATE OF #Jb- COUNTY OF ~ The forgoing instrument was admowledged before me this 17th day of November,2010 by PAULA E BIELSKI, AS SUCCESSOR TRUSTEE, 1TS MANAGING MEMBER OF FLI, LLC, A DISSOLVED FLORIDA LIMITED LIABILPIY COMPANY who a personally known to or has Produced as identification. SEAL 0�l0-0 NotaryPu tc o A A~0 Prbmd Notary Name File No:10.102 Book24230/Page878 Page 1 of 2 STEWART TITLE GUARANTY COMPANY Plaint file 010062 Agent's 10-039 le--�a EXHIBIT"A" Parcel1: ' 1� A parcel of landl d" ning approximately 75,000 square feet lying in Section 25,Township 40 South,Range 42 East,in Palm Bead uty,Florida,and more particularly described as follows: the North 130 feet of the West 635 Feet of the NE " he SE'/.,less the North 117 Feet of the E 25 feet of the W 555 feet and the easterly 46.04 feet for the right of Seabrook Road.. Parcel 2: 0 A parcel of real property in a 25,Township 40 South,Range 42 East,Palm Beach County,Florida,being more particularly describedAwrds eed dated Jun 28,1922,and recorded January 17,1925,In Official Record Book 231,Page 101,of the Pubi of Palm Beach County,Florida,as follows: Commencing at the NorthwestNrun - of the Northeast Quarter(NE'/.)of the Southeast Quarter(SE%)of said Section Twenty-Five(25), ast five hundred and thirty feet(530');thence run South one hundred and seventeen feet(117');thencwenty-five feet(25');thence ran North one hundred and seventeen feet (117');thence run West twenty ')to the place of beginning,all being in Township Forty(40)South, Range Forty.Two(42)East,and being a=-- *d f land twenty-five feet wide east and west,and one hundred and seventeen feet deep north and south,in t Northeast Quarter(NE A)of the Southeast Quarter(SE 1/4)of Section Twenty-Five(25)after streets have l established. The parcel of property conveyed hereby is ahs and described as: The East 25 feet of the West 555 feet of the Nort�of the Northeast Quarter(NE%)of the Southeast Quarter(SE%)of Section 25,Township 40 South,Range 42 East,Pahn Beach County,Florida. Book24230>Page879 Page 2 of 2 THIS INSTRUMENT PREPARED BY AND RETURN TO: AFFINITY TITLE SERVICES INC 8 S JOGRD BO BEACH BEACH FL 33472 Property Appraisers Parcel Identification(Folio)Numbers:60-42-40-25-00-000-5320 and Grantee SS#: 60-42-40-25-00-000-5I40 Space Above This Line For Recording Data THIS WARRANTY DEED, made the 17th day of November, 2010 by FL1, LLC, A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY , herein called the grantor, to VILLAGE OF TEQUESTA FLORIDA,whose post office address is 483&479 SEABROOK ROAD,JUPITER,FL,hereinafter called the Grantee: (Wherever used herein the terms "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) W I T N E S S E T H:That the grantor,for and in consideration of the sum of TWO HUNDRED TWENTY FIVE THOUSAND AND 00/100'S ($225,000.00) Dollars and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains,sells, aliens,remises, releases, conveys and confirms unto the grantee all that certain land situate in PALM BEACH County,State of Florida,viz.: SEE EXHIBIT"A"ATTACHED TOGETHER, with all the tenements, hereditaments and appurtenances thereto belonging or in anywise 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 fee simple; that the grantor has good right and lawful authority to sell and convey said land,and hereby 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 subsequent to December 31,2010. IN WITNESS WHEREOF, the said grantor has signed and sealed these presents the day and year first above written. Signed,sealed and delivered in the presence of FL-I, LLC, A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY Witness#1 Sign ure PAULA E I KI, AS SlJtCkSSOR f//K4 /13 � 'U(<N 11i i TRUSTEE,ITS MANAGING MEMBER Witness#1 Printed Name 17211 QUEEN ANNE BRIDGE ROAD,BOWIE,MD 20716 J Witn/�s^#l2 Signature (1 L) V 1 i CLL( E 1 U,— 17211 QUEEN ANNE BRIDGE ROAD,BOWIE,MD 20716 Witness#2 Printed Name STATE OF m� COUNTY OF j,1,0dfV, The foregoing instrument was acknowledged before me this 17th day of November,2010 by PAULA E BIELSKI, AS SUCCESSOR TRUSTEE, ITS MANAGING MEMBER OF FLI, LLC, A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY who is personally known to a or has produced as identification. f, SEAL ``� unrnp �.�` .muffANNE Notary Pu is CO Mpgyf UNTYL,AND � Printed Notary Name y�TARY P rnnnnma��� File No:10-102 STEWART TITLE GUARANTY COMPANY t file no. 1010062 is File No. 10-039 EXHIBIT"A" Parcel 1: A parcel of land containing approximately 75,000 square feet lying in Section 25,'Township 40 South,Range 42 East,in Palm Beach County,Florida,and more particularly described as follows: the North 130 feet of the West 635 Feet of the NE'/of the SE '/,,less the North 117 Feet of the E 25 feet of the W 555 feet and the easterly 46.04 feet for the right of way of Seabrook Road.. Parcel 2: A parcel of real property in Section 25,Township 40 South,Range 42 East,Palm Beach County,Florida,being more particularly described in the deed dated Jun 28,1922,and recorded January 17,1925,In Official Record Book 231,Page 101,of the Public Records of Palm Beach Comity,Florida,as follows: Commencing at the Northwest(NW)corner of the Northeast Quarter(NE'/<)of the Southeast Quarter(SE'/)of said Section Twenty-Five(25),thence run East five hundred and thirty feet(530');thence run South one hundred and seventeen feet(117');thence run East twenty-five feet(25');thence run North one hundred and seventeen feet (1171);thence run West twenty-five feet(25')to the place of beginning,all being in Township Forty(40)South, Range Forty Two(42)East,and being a parcel of land twenty-five feet wide east and west,and one hundred and seventeen feet deep north and south,in the said Northeast Quarter(NE'Y<)of the Southeast Quarter(SE'/<)of Section Twenty-Five(25)after streets have been established. The parcel of property conveyed hereby is also known and described as: The East 25 feet of the West 555 feet of the North 1117 feet of the Northeast Quarter(NE'/)of the Southeast Quarter(SE'/)of Section 25,Township 40 South,Range 42 East,Palm Beach County,Florida. BILL OF SALE, ABSOL UTE THIS INSTRUMENT WAS PREPARED BY: AFFINITY TITLE SERVICES INC 8198 S JOG RD STE 204 BOYNTON BEACH FL 33472 KNOW ALL MEN BY THESE PRESENTS: That FLI,LLC,A DISSOLVED FLORIDA,LIMITED LIABILITY COMPANY,whose post office address is 17211 QUEEN ANNE BRIDGE ROAD,BOWIE,MD 20716,party of the first part,for and in consideration of the sum of Ten Dollars ($10.00) lawful money of the United States, to be paid by VILLAGE OF TEQUESTA FLORIDA,of 483&479 SEABROOK ROAD,JUPITER,FL,party of the second part, the receipt whereof is hereby acknowledged, has granted, bargained, sold, transferred, and delivered, and by these presents does grant, bargain, sell, transfer and deliver unto the party of the second part,his/her executors,administrators and assigns,the following goods and chattels located on the property at 483&479 SEABROOK ROAD,JUPITER,FL: NONE To Have and To Hold the same unto the said party of the second part,his/her executors,administrators and assigns forever. And it does for themselves and its heirs,executors and administrators,covenant to and with the party of the second part,his/her executors administrators and assigns that it is the lawful owner of the said goods and chattels;that they are free from all encumbrances;that it has good right to sell the same aforesaid,and that it will warrant and defend the sale of the said property,goods and chattels hereby made,unto the said party of the second part his/her executors, administrators and assigns against the lawful claims and demands of all persons whomsoever. In Witness Whereof, the party of the first part has hereunto set its hand and seal this 17th day of November,2010. Signed,sealed and delivered in the presence of us: FL-1, LLC, A DISSOLVED FLORIDA LIMITED IABILITY COMPANY A Witness#1 Sign ure PAULA E IELSKI AS SUC iESSOR TRUSTEE,ITS MANAGING MEMBER 17211 QUEEN ANNE BRIDGE ROAD, BOWIE,MD 20716 W�AUIW�& ness#I Printed Name Witney#2 Signature n l(h� O� I\lZ 17211 QUEEN ANNE BRIDGE ROAD, BOWIE,MD 20716 Witness#2 Printed Name STATE OF 0- COUNTY OF ANNE' The foregoing instrument was acknowledged before me this 17th day of November, 2010 by PAULA E BIELSIQ, AS SUCCESSOR TRUSTEE, ITS MANAGING MEMBER OF FL1, LLC, A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY who is personally known to me or has produced as iden--'AW 1 ROjew,, SEAL ANNE yjr Notary S' natur ARUNDEL c l�!¢f�sLY'fV4f'r t OOUNTY Printed Not Signature MARYLAND My Commission Expires: �[ �, G Y PV�� File No:10-102 OWNER'S AFFIDAVIT NON-FOREIGN CERTIFICATE AND REQUEST FOR TAXPAYER IDENTIFICATION NUMBER STATE OF COUNTY OF BEFORE ME,the undersigned authority, personally appeared PAULA E BIELSKI AS SUCCESSOR TRUSTEE, ITS MANAGING MEMBER OF FL1, LLC, A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY, (the "Seller"), ("Seller" refers to singular or plural as context requires)who, first being duly sworn,deposes and says: A.OWNER'S AFFIDAVIT 1. Seller is the owner of the following described property(the"Property"): SEE EXHIBIT"A"ATTACHED Property Address:483&479 SEABROOK ROAD,JUPITER,FL 2. There is no outstanding contract for the sale of the Property to any person or persons whomsoever, nor any unrecorded deed,mortgage or other conveyances affecting the title to the Property. 3. There are no liens, encumbrances, mortgages, claims, boundary line or other disputes, demands or security interests in, on or against the Property or any goods, furnishings, appliances, fixtures or equipment now installed in or which are to be affixed to the Property;except for mortgages described in the deed given by the undersigned;that there are no unpaid taxes,levies,assessments, paving liens or utility liens against the Property(other than real estate taxes for the current year). 4. That there have been no improvements upon the Property within the past ninety(90)days for which there remain any outstanding and unpaid bills for labor,materials or other charges for which a lien or liens might be claimed by anyone whomsoever. 5. That there are no matters pertaining to the Seller which could give rise to a lien that would encumber the Property during the period of time between the effective date of the Title Insurance Commitment and the time of recording of the Warranty Deed and that the Seller has not executed and will not execute any instrument that would adversely affect the title to the Property from the date of the Affidavit forward. 6. That there are no judgments, claims, disputes, demands or other matters pending against Seller that would attach to the Property. Seller has complied with the Florida Sales Tax laws where applicable. Seller acknowledges responsibility for water,sewer and electrical consumption charges through date of closing or occupancy by Buyer,whichever first occurs. 7. Seller is in sole constructive or actual possession of the Property and no other person has any right to possession of the Property,or asserts any claim of title or other interests in it. 8. Seller represents that there are no violations of governmental laws, regulations or ordinances pertaining to the use of the Property. B.NON-FOREIGN CERTIFICATE AND REQUEST FOR TAXPAYER IDENTIFICATION NUMBER Section 1445 of the Internal Revenue Code provides that a Transferee("Buyer") of a U.S. real property interest must withhold tax at a rate of 10% of the amount realized on the disposition if the Transferor ("Seller") is a foreign person. To inform the Buyer that withholding of tax is not required upon the disposition of a U.S. real property interest by the Seller, the undersigned hereby swears, affirms and certify(ies)the following as or on behalf of the Seller: 1. Sellers'Legal Name is:FL1,LLC,A DISSOLVED FLORIDA.LIMITED LIABILITY COMPANY 2. Sellers'Home Address or Office Address if Corporation,Partnership or Trust: 17211 QUEEN ANNE BRIDGE ROAD,BOWIE,MD 20716 File No:10-102 3. Seller is not a non-resident alien(if individual)or a foreign corporation, foreign partnership,foreign trust or foreign estate (as those terms are defined in the Internal Revenue Code and Income Tax Regulations). • 4. That the amount realized by the Seller(Transferor)of the above-described real property as a result of this transaction does not exceed Three Hundred Thousand($300,000.00)Dollars. 5, In connection with the sale or exchange of the Property you are required by law to provide AFFINITY TITLE SERVICES INC with your correct taxpayer identification number(TIN).If you do not so provide your TIN,you may be subject to civil or criminal penalties imposed by law. 6. Sellers'Taxpayer Identification Numbers: FL1,LLC,A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY 7. For purposes of reporting this transaction to the Internal Revenue Service on Form 1099-S, the Property is Seller'(check one): ❑ Principal Residence 2/ Other Real Estate This taxpayer identification number is being provided in connection with a real estate transaction. The undersigned understands that this Certificate may be disclosed to the Internal Revenue Service by the Buyer and that any false statement contained herein could be punished by fine,imprisonment or both. Under penalties of perjury,Uwe declares that Uwe have examined this certification and to the best of my knowledge and belief it is true,correct and complete,and Uwe further declare that I/we have authority to sign this document as or on behalf of the Seller,and that the number shown on this statement is Seller' correct TIN. Seller states that this instrument is given for the express purpose of inducing VILLAGE OF TEQUESTA FLORIDA to purchase the Property and to cause AFFINITY TITLE SERVICES INC as agent for FIRST AMERICAN to insure title to said property. This Affidavit is made under the full understanding the lava garding liability for any misrepresentation her PAULA E BIELSKI, AS SUCCES TRUSTEE,ITS MANAGING MEMBER, FL-I,LLC A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY STATE OF 12t) COUNTY OF PAXIF 9F,WW � The foregoing instrument was acknowledged before me this 17th day of November,2010 by PAULA E BIELSKI, AS SUCCESSOR TRUSTEE, ITS MANAGING MEMBER OF FL1, LLC, A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY who is personally known to me or has produced as identification. / SEAL ANNE ,9ylc+ 'll' 3- ARUNDEL Notary Pr� tic COUNTY ` �J yy0� ., «,.•{��G `r Printed Notary Name �qRY Qv� My commission expires: ����rrllnitllntn�+�� File No:10-102 COMPLIANCE AGREEMENT AND NON-COERCION STATEMENT • BORROWER:VILLAGE OF TEQUESTA FLORIDA SELLER: FLI,LLC,A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY PROPERTY ADDRESS:483&479 SEABROOK ROAD,JUPITER,FL DATE:November 17th,2010 The undersigned buyer and/or seller for and in consideration of closing/title agent(the"Closing Agent")this day disbursing the funds for the closing of the transaction(the"Closing")agree,if required by Closing Agent to fully cooperate and adjust for clerical errors on any or all closing documentation. Said adjustments to be made if deemed necessary or desirable in the reasonable discretion of closing/title agent. The undersigned buyer and seller further agree to cooperate fully with Closing Agent in all efforts to assure that required sums for closing are collected from the appropriate parties. Further, the undersigned agree that should and oversight or error occur in the collection of said required sums they will immediately upon written or verbal notification make any required corrections or pay additional monies required. In the event that Closing Agent in its efforts to correct documents or collect additional sums required to complete this purchase transaction should incur legal, attorneys and/or court costs, the responsible party shall be responsible to reimburse Closing Agent for said costs. Buyer further acknowledges that neither seller or any other party to the closing directly or indirectly"required"the buyer to use the services or any particular or specific title company or settlement agent as such terms are defined in 12 U.S.C.2111 and Regulation X Promulgated in connection herewith. Sometimes recording fees and courier/express mail fees may vary due to the unknown amounts at the time of closing. Therefore, the parties acknowledge hereto, that monies collected for recording and courier/express mail fees may be more or less than the amount collected on the closing statement. Any shortfalls or overages shall be considered the cost of doing business.Closing Agent will neither refund or collect said differences. That if the tax proration is based upon an estimate of what the current years taxes will be, the buyer and seller will resolve any discrepancy that might exist when the actual bills are issued. They will also resolve any further taxes due by virtue of a later change or final certification of previous years' tax rolls,including a change from unimproved to improved property. That they are aware that title insurance does not protect the buyer against the below listed items. The seller herein acknowledges responsibility for any sums accruing under said items prior to the date of closing and buyer acknowledges responsibility for said items accruing from the date of closing onward. Any sums due not shown on the closing statement will be resolved between the buyer and seller herein: • File No:10-102 A)Any unpaid utility bills B)Any unpaid trash pickup or trash removal fees C)Any unpaid personal property tax • D)Any unpaid special assessment liens due the city or the county which are not recorded under Official Records Book and Page and Clerk's File Number in the county records E)Any special assessments or maintenance liens due an association not recorded in the county records The parties acknowledge that during the course of the settlement of funds interest may by earned in favor of AFFINITY TITLE SERVICES INC, and buyer and seller hereby waive any rights to such interest. The buyer herein has performed a"walk-through" of the property and has received all ordered inspections, and shall not hold AFFINITY TITLE SERVICES INC responsible in any way for the content or lack thereof in connection therewith. Witness: Buyers Witness Signature VILLAGE OF TEQUESTA FLORIDA Printed Witness Name: STATE OF FLORIDA COUNTY OF PALM BEACH The foregoing instrument was acknowledged before me this 17th day of November,2010, by VILLAGE OF TEQUESTA FLORIDA who is personally known to me and who has produced as identification and who did/did not take an oath. Notary Public My Commission Expires: Printed Notary Name Witness: Sellers AVA-Z-b- Witness S katur PAULA E BIEft--Off,- AS SU SOR TRUSTEE, ITS MANAGING MEMBER OF FL1, LLC, A DISSOLVED FLORIDA LIMITED LIABHTY COMPANY Printed Witness Name: STATE OF I%0- COUNTY OF 10IUIVF The foregoing instrument was acknowledged before me this 17th day of November,2010, by PAULA E BIELSKI, AS SUCCESSOR TRUSTEE, ITS MANAGING MEMBER OF FL1, LLC, A DISSOLVED FLORIDA LIMITED LIABILITY COMPANY, who is personally known to me and who has produced state drivers licenses and who did/did not take an oath. 1a. 1W/1 4 �� O yy AR NE _ Notary Pub c ra UNDELCOUNTY �• ~ Printed Notary Name My Comnfkt iEiy l till File No:10-102 CFN 20100459356 TRUST AFFIDAVT OR BK 24230 PG 0882 RECORDED 12/62/2910 17:16:10 STATE OF FLORMA Palo Beach County, Florida Sharon R. Bock,CLERK t COMPTROLLER COUrffY OF PALM BEACH Pga 0882 - 891; t 10pgs/ Before the undersigned authority personally appeared PAULA E BIELSKI, who, after being duly sworn, de lays: 1 iant is,of legal age,competent to testify in a court of law and has personal knowledge of the facts set forte ein. 2. That"''.' 'in Declaration of Trust known as the EDWARD J BUSH REVOCABLE TRUST DTD r _(hereinafter referred to as the"Trust")is in full force and affect and Affiant is the duly quali iecf`a�acting Trustee thereunder. 3. Affiant as T`rA-Wtee of the Trust is the owner of that certain property described as follows: SEE EXHIBIT "A" ATI'-ACHED K 4. Affiant as Trustee of the rust'has full power and authority to sell, convey and/or mortgage the above described property. 5. The pertinent pages of the Tr4t'((141first page, signature page(s) containing powers of the Trustee and, if Affiant is the Successor Tigstee, the pages containing the provisions as to the appointment and powers of the Successor Trust of 4nd, if applicable, those documents necessary to confirm the appointment and acceptance of the�iit cessor Trustee are true and correct copies of the original thereof and none of the remaining terms or previsions of the Trust or any amendments thereto conflict with the terms and provisions set forth in the�t6ac rents to this Affidavit. /- 6. This Affidavit is given with full understttitfi>�g that xx,their successors and assigns, will rely upon same to establish the factual matters set forth herein. FURTHER AFFIANT SAYETH NAUGHT i STATE OF PAULA E BrE SKI COUNTY OF � �a Sworn to and subscribed before me this 17th day of November, 2010, by PAULA E BIELSKI, who is personally known to me or who has produced as identification. d AN G A 1 Prepared by and Return to: Al&'100 AFFINITY TITLE SERVICES INC vV r 8198 S JOG RD STE 204O�•:' BOYNTON BEACH FL 33472 Book24230/Page882 Page 1 of 10 STEWART TITLE GUARANTY COMPANY Plant file nw-1010062 Agent's F lj�iktg2 10-039 ti �? EXHIBIT"A" Parcel 1: .. o E�ining approximately 75,000 square feet lying in Section 25,Township 40 South,Range 42 A parcel of land 6� East,in Palm Beach County,Florida,and more particularly described as follows: the North 130 feet of the West 635 Feet of the NE '%'o }he SE '/, ,less the North 117 Feet of the E 25 feet of the W 555 feet and the easterly 46.04 feet for the right of way of Seabrook Road.. Parcel 2: A parcel of real property in Section 25,Township 40 South,Range 42 East,Palm Beach County,Florida,being more particularly described in th"�,deed dated Jun 28, 1922,and recorded January 17,1925,In Official Record Book 231,Page 101,of the Publ kiecords of Palm Beach County,Florida,as follows: Commencing at the Northwest(N ot`ner of the Northeast Quarter(NE '/)of the Southeast Quarter(SE '/4)of said Section Twenty-Five(25),thence-tunlEast five hundred and thirty feet(5301); thence run South one hundred and seventeen feet(1171); thence run�1"ast_twenty-five feet(25');thence run North one hundred and seventeen feet (1171);thence run West twenty-five fee `(' to the place of beginning,all being in Township Forty(40)South, Range Forty Two(42)East,and being a piie6 'of land twenty-five feet wide east and west,and one hundred and seventeen feet deep north and south,in the�saijl Northeast Quarter(NE 1/)of the Southeast Quarter(SE 1/,) of Section Twenty-Five(25)after streets have beei established. The parcel of property conveyed hereby is also"tAyn and described as: The East 25 feet of the West 555 feet of the Northll-;1-.�,feet of the Northeast Quarter(NE '/4)of the Southeast Quarter(SE 1/4)of Section 25,Township 40 South,Range 42 East,Palm Beach County, Florida. Book24230/Page883 Page 2 of 10 NOV/02/2010/TUE 07: 32 PM P, 003 ,Tun.17.2010 07:38 'Am PACE. 3/ 25 DWARD J, BUSH M A'LjQN QI 1,EDWARD I BUSK also known as JACK BUSH,do hereby execute this docurnum on Ili; nl'Augw;t, 1996,ax my Revocable Living 'Truss. I dc(;Iarc that I ani.1 citizen of United States otAmerica, with my pennanent residence and legal domicile at Boca Raton.Florida- i IMve filmlad "t FrUN( initially with a contribution tv O OLLARS (S 10.00)and intend Ity more flilly fund this T�fiitsin the fixture. I'lic initial Trust Fund and any additionally contributions shall constitute thL-'I'rust-,.*At6 and shall tv held by nw and py succes.vA)r 29 Trustee to be administered I IS" upoll (lie rollowingTruMIL WI T N v. s s v 'r it, V AKLLLLL"i M-C-ORRU, This'rru.m( shall conski-ttr4he original TEN DOLLARS ($10.00)contribution and additional assets rwy be contributed hy'iiii 6r any other person. All Trust assets Audi be listed on the SCIII'DULE' OF ANSEAS uttach�dLwt niny ho aompriwd of property ol'any kind Lind clwacter,Including insurance benefits of any nature,and may be added by inter viy or testamentary transfer, or otherwise at,my derniso. Any asset registered in the nguna of the'must or Trustee shad he presumed to be a pan ol'thL%Trust,whether such as-set is listed on the SCHEDULE Or- ASSFTS or omitted therefrom, it being my intent to expmW rather than restrict the list ol'2asets held in this Trust. Book24230/Page884 Page 3 of 10 NOV/02/2010/TUE C7:34 PM P 009 Jhin.17.2010 07:39 AM PAGE. 9/ 25 pr*!pal shalt he made fast from that Trust which is not excnipt from the generation skipping transfer 3. Slxwkl a benefwiary dic prier to roceivinb his or her entire Trust,then in the` ctn the balance huld in t►uvt sludl tx administered equally for his or her uhildren on the san►a Irniis as R�f►Y led in ttx:rmeccdinv sub-Miragraph 2 but if none,then shall he divided equally amongst the shares tbr. he beneficiary's then 3urvlving siblings or their issue, if uny, per stirpes, but if none then in uccur&t'nce,with the laws olinti;zstacy as they would have applied to my estate. At all times during my husband's Uetirne he sha11 be entitled to the absolute 11gIt1 LU Use tUtd t)Ceij tcy of wry resldurwe wluuh n]ay cnntilltUtc LLn Maur Uf.Iny 'Trust, whether such residence be that ownejlty me at my demise or any substitute residence acquired subsequent to my demise. 1".. InVow"nining whether any&wretion:try distribution shall be made under any ofthc provisions of thins Arti"6V the Trustee shall consider the relative income tax brackets of ffie benulieiary and the 'Trust ur�d a]Yull.ulsu buJanee such tux blipuct against rho non-tax intent of the Scrtlor in evaluating whether a d-fi,;tt,-,,.'on is warranted. APP �l "`F* N't' Ui7 TRUS'rLL-' A. i shall serve as Trustee, but upon my resignation, incapacity or death, the Trustee will be my wile, PAULA I'_ BIELSK1, but if he shall be ►amble to serve as 'Trustee. then FRANC IS .i. RIF I SKi shall,crve as sole Trustec. i f the foragoing shall fail tti serve as Trustee, then PAULA E. BIELSK1 shall appoint a successor'Trustee and in.the failure of such appointment It1;l5l:C'!_'A G. DOAN ur the presidunt 1+f 1ONI1S, I l)STi;R, J011NSTON & STI iTIBS, I'.A. (Or any successor-firm) shall appoint a successor Trustee. if at any time subsequent to incapacity 1 rugaui capucity, I reserve the right to resume my du(ius us Mo Truslov. Returli ul'culiucity shall Ix.- evidenced by Court Order or, if the incapacity watt effected by committee as provided 7 Book24230/Page885 Page 4 of 10 NOV/02/2010/TUE 07,37 PM P. 024 j)an.17.2010 07:42 AM PAGE. 24/ 25 intei c fo,4-.lender said laws. Where appropriate the singular shall mean the plural and the plural the sin�uhuy itud the nlasculitu: soul) matut the frminiuu niid the fcntiniuu the 111s14cL nc. 7.1 J If an interest described in this Trust terminates and, after application of the rules ctf eoh4tj-dctiun dwct7bed above, no cuwinuinb ur succueding 1werost in that asset is provided, direr that ih .r st shall vest in those persons who then would be my lieirs-at-law under Maryland law. - 1N Wi'I'NI SS WHl?RFQI; I have signed ;his 'oslaraliot) this . P=duy of August, 1996. l%UWAltU J. BUSH, Grantor and Trustee As to Grantor and"l'rustae STATLOV cC,tx4m'Y of" /l �•�iN,�. ., :. ;',fig' Wu, EDWARD J. 13Ubt-lr- ` �l At?,�� _ar►d� (� the grantor and the witnesses respccti,vel.y; whose names are signed to the attached or foregoing instrument, being licit duly sworn, do hors!_i _tluolure its the undersiKncd allicer that the grantor signed the instrument as his Trust and that he signed voluntarily(or directed another to sign for him and did so voluntarily) and that each of the witnesscs in the presence of the grantor, at his request, mid in tits presence of each other signed the Trust as a witness and that to the best of the knowledge of each witness the grantor was at that time 18 or mare ycarq of age, of sound mind and under no Constraint pr tlndue influence. EDWAILD J 'B'US1,1 r 22 i Book24230/Page886 Page 5 of 10 NOV/02/20I0/TUE 07.37 PM P. 025 Jun.17.2010 07:42 AM PACE. 25/ 25 Witness _ r Witness '1'hc l'u�foi�lg instrurnau wits yubscnbud, sword to, and �rcknowh.Kigcd be(orc nlc ll►is _ day ofAugust, Is;?.G,,by CDWARD 3.BUSK, as Grantor and Trustee, who is personalty known to me or who has produ a drivui's license as identillcadun; the furcguiny instrument was subscribed, sworn to, anti ucknowlopd before me this day of August, 1996 by as a witness,who is persuni y}Mown to me or has provided a driver's license as identification; and :_ the foregoing insu-umcm v s Uhscrjbcd, sworn to, and acknowledged before me this day of Au ust 1996, b ;( as a witness, who is personally known to me or has B Y —_ p y provided a driver's license as i4-66ilcrrtion, 00 p07 c i�fst ry Public E _ 1 M 1r tttif. VC' , - (N i�jiuilission Expires: WUSLK �iuuumnmu�� 23 Book24230/Page887 Page 6 of 10 NOV/10/2010/WED 08: 28 PM P. 002 Operating Agreement of `. FL-1,LLC. Operating Agreement (the "Agreement") is hereby adopted as of Aug 15, 1996, by PL4,- LLC., a Florida limited liability company (the "Company"), and PAULA BIELSKZ, Trustear ,Company's sole member(the "Member")- --,-Formation of Company. The sole Member hereby organizes the Company pursuant to`fk ' Agreement and the laws of Florida r: 2. Vidtose. The object and purpose of and the nature of the business to be conducted and pro Poted by the Company is to engage in any business which lawfully may be conducted by a,loxida. limited liability company and to do all, things. which, are necessary, incidental or relatedf£o;that object and purpose, 3. Merhbef--:tie'Member's name and address are: Q Paula Biel9rsii Trustee 17211 Queen A.ti a Bridge Road Mitch�llville,1'164da:20785 4. Manag_ern 4.1 The Compan susin ess and affairs shall be managed by the Member. The Member, on behalf of the Comp -shall have the power to do any and all acts necessary or- coanvenient to,or for the furtherance'A�,Company's.business and affairs, 4.2 The Member may appoint by written resolution officers and agents of the Company to whom the Member may delegate by written resolution whatever duties, responsibilities and authority the Member may desire: Any officer or agent May be removed by the Member at any time by written resolution. 4.3 If the Member appoints an officer of the Company and.gives that officer a title used by officers of a business corporation,the Member shall be deemed to have delegated to that person the duties, responsibilities and authority that would be exercised by an officer of a business corporation with the same title, unless the Member provides otherwise by written resolution. 5., Title to Company Property. All real.and personal property of the.Company shall be acquired in the Company's name, and title to any properr<j so acquired shall be vested in the Company and not the Member. 6. Compensation of Member. The Member may be reimbursed for all expenses izzotured in managing the Company and. may, at the M=bizr's, election, be entitled to Book24230/Page888 Page 7 of 10 NOV/10/2010/WED 08:28 PM P. 003 compensation for management services rendered, in an amount the Member from time to time detgp nines. 7. Distributions. Distributions shall be made to the Member (in cash or in kind) at tliq;�and in the aggregate amounts the Member detem ines;subject to limitations of law. 8. Elections. The Member may make any tax elections for the Company allowed under t ;Yntemal Revenue Code of 1986, as amended, or the tax laws of any state or other jurisdictiici 'havkg taxing jurisdiction over the Company. 9. ! ssimability of Membership Interest. The Member's. economic interest in the Company is$sale,in whole or iva pant, either voluntarily or by operation of law. 10. Adrsion of Additional Members. Additional members of the Company may be admitted to the C'fnpany at the Member's direction, provided, however, that if the Company at any time has no,meml ers,anew member maybe admitted in accordance with Section 11.3. 11. Liabilit of the Member. The Member shall not have any liability for the debts, obligations or liabilities�f the Company or .for the acts or otnissions of any other member, officer,agent or ernployek of-the,Company_ The.Member's,failure. to•observe any formalities or, requirements relating to the bkercise of the Member's powers or the management of the Company's business and airs;under this Agreement or the Act shall not be grounds for imposing liability on the Mein�,li=for-.Cotapany liabilities. 12. Indemnification. Tli.eFQompany shall indemnify the Member and those authorized officers,agents and employees of th¢Company identified in writing by the Member as entitled to be indemnified under this Section:fork posts,.losses,liabilities.and damages paid or accrued by the Member (as the Member or as &i'' facer, agent or employee) or any such officer, agent or employee in connection with the busings_ ' the Company,except to the extent prohibited by the laws of the' State of Florida. In addition, the Company may advance costs of defense of any proceeding to the Member or any such officer, agent or employee upon the Company's receipt of an uudertalczng by or on behalf of that person to repay that amount if it shall ultimately be determined that the person is not entitled to be indemnified by the Company.. 13. Dissolution. 13.1 The Company skull dissolve, and its affairs shall be wound up; upon the• .first to occur of the following: (i) the written direction of the Member or (ii) the entry of a decree of judicial dissolution under the Act. The death (or dissolution in the case of a member that is not a,natural person);retirement;insanity;resignation,or bankruptcy of the Member or the occurrence of any other event that terminates the continued membership of the Member shall not cause the Company's dissolution. 13.2 Upon dissolution, the Company shall cease to carry on any and all business other than the winding up of its affairs, but the Company is not terminated and shall continue until the winding up of its affairs is completed and articles of dissolution have been Book24230/Page889 Page 8 of 10 NOV/10/2010/WED 08: 29 PM P. 004 filed pursuant to the Act. Upon the winding up of the Company, the Company's property shall be�listributed (i) first to creditors, including the Member if the Member is a creditor, to the eft permitted by lawn,in satisfaction of the Company's liabilities;and(ii) then to-the Member. )isOutions shall be in cash or property or partly in both, as determined by the Member. ` 13.3 Notwithstanding anything herein contained to the contrary,if at any time the C mp, y has no members,then the personal or legal representative of or successor to the last remair*tg'! ember may designate,by a writing signed within ninety (90) days after the date the Company_ceases to have any members,itself or themselves,in their capacity as personal or legal represeatativf�zor successor, as a new member or members. The person or persons so designated as a member.members, as the case may be, shall be deemed to have become members, as the case maybe,;ozi;:the earlier of(a)the date specified in the writing designating them as a member or n€reAabeks or dry"the Eighty-ninth(89m)day after the Company ceased to have any mernbm, �7�1 14. C60icts of Interest. Nothing in this Agreement shall be construed to limit the right of the Member fo_enter into any transaction that may be considered to be competitive with, or a business.opportdi fat may be beneficial to,tho Company. The Melober does riot violate a duty or obligation' ;;the Company merely because the Member's conduct furthers the Member's own interestss,T-I�,Meraber may lend money to and transact other business with the Company. The' rights an4-oblrgatioris of the Member upon lending money to' or tt=a'cting business with the Company\.*c'_& same as those of a person who is not the Member, subject to other applicable law, No trWa�gon with the Company shall be void or voidable solely because tine'Mdmber-has a direct orbWW >7pteFest in the transaction. 15. Govgrainst Law. This Agreement shall be governed by, and interpreted and enforced in accordance with,the substantive laws of Florida,without reference to the conflicts of law rules of that or a.iy other j urisdi'cfi j 16. Entire Agmcment. TWs' reemect constitutes the entire agreement of the Member and the Company with respect to the subject matter hereof and supersedes all prior agreements,express or implied,oral or written,with respect thereto_ The express terms of ties Agreement control and supersede any course of performance or usage of trade inconsistent with any of the terms hereof. 17. Amendment. This Agreement may be amended or modified from time to time only by a written instrument executed by the Member. 18. Rights of Creditors and Third Parties. This Agreement is entered into by the Member solely to govern the operation of the Company. This Agreement is expressly not intended for the benefit of any creditor of the Company or any other person other than the heirs, personal representatives, successors and assigns of the Member. Except and only to the extent provided by applicable statute, no creditor or third party shall have any rights under this Agreement or any agreement between the Company and the Member,with respect to the subi.ect matter hereof Book24230/Page890 Page 9 of 10 NCV/10/2010fWE� 08:29 PV P. 005 D,,T W17:NT&SS V-7 BREOF,the imdersir-4 LatecOing to be legally bound,have,adopwd c;== s-Agreeme'nt.an.the dsW iadirwad.above- Oa Nr . �l1$IEU-xj� r: rrv, ANY xL-1,T..If ~ PAULA B�t,1'4 Book24230/Page891 Page 10 of 10 _ ----- -- -- --- y I� I p P9QCEL"C LoTl9Z \ LDTl9.3 � LO%I t� � / A f NO2TN IAItST CU2,L'EL 0/' \\ � Alr-eF a� `` 7fCJti•utIJYp 1 r, THF-nlo2rN East�a�n/r,Z OF CDeaer<,2) A r,11 i THE SoUiHE/+St COQrdEaF �� / / srtTlonF 25'T,4P;S.R4?E. - �a t,.uivF. m iS•89dS9 cJ7 �. 58F3./9�'n (o.W.P Aa.c_A/(/t(EL z ✓. 0,9 -vi 1 rN frI � OO�e1 a7_l 64 O -� ��N � '� ��J. E/l I u>✓e j N �VI � � A ��� �C7 Q o w� � _ �-'ao — x � w�tlo �I( a �; cd "` �. eagc` 0 1 P 7 P t ro t o V i o t � T S u, �L 11 w.v;F ac ov�noe Izi rw 1J o I,' 4oe,a,N ti 1 0.9 � r T , s.e4°sva71`CEon 5f39. aA F e 1nerEc 4 UJi/Car LG'�"l.0 0' �'. ,.� ,u 6 viz. J�J L0;8 16T7 LCTI.o !0T5 rn LOT4 trii 3 !Oi-2 C��.INa^,Y ��t�Llrtr 95[a u� udl�Fcat<�_� nnp /.V<TPE-E T�2z9G DESCRIPTION: PARCEL L A PARCEL OF LAND CONTAINING APPROXIMATELY 75,000 SQUARE FEET LYING IN SECTION 25,TOWNSHIP 40 SOUTH,RANGE 42 EAST,IN PALM BEACH COUNTY,FLORIDA,AND MORE PARTICULARLY AS FOLLOWS; THE NORTH 130 FEET OF THE WEST 635 FEET OF THE NORTHEAST ONE- QUARTER(NE Y)OF THE SOUTHEAST ONE-QUARTER(SE%).(L._SS THE NORTH 117 FEET OF THE EAST 25 FEET OF THE WEST 555 FEET AND THE EASTERLY 46.04 FEET FOR THE RIGHT-OF-WAY OF SEABROOK ROAD). LOCATION MAP: (NOT TO SCALE) PARCEL 2 - A PARCEL OF REAL PROPERTY IN SECTION 25,TOWNSHIP 40 SOUTH, PROPERTY ADDRESS: —_ - x� Y w: RANGE 42 EAST,PALM BEACH COUNTY,FLORIDA,BEING MORE 479-483 SEABROOK ROAD qn v.- PARTICULARLY DESCRIBED IN DEED DATED JUNE 28,1922,AND JUPITER, FL. 33467 o RECORDED JANUARY 17,1925,IN OFFICIAL RECORD BOOK 231,PAGE 101,OF THE PUBLIC RECORDS OF PALM BEACH COUNTY,FLORIDA,AS w•. 5,f4. -w.�..r FOLLOWS: COMMENCING AT THE NORTHWEST(NW)CORNER OF THE NORTHEAST QUARTER(ME A)OF THE SOUTHEAST QUARTER(SE%)OF SAID CERTIFIED TO: 1 i�l t SECTION TWENTY-FIVE(25),THENCE RUN EAST FIVE HUNDRED AND VILLAGE OF TQUESTA,FLORIDA .reac}r THIRTY FEET(530');THENCE RUN SOUTH ONE HUNDRED AND SEVENTEEN FEET(117)THENCE RUN EAST TWENTY-FIVE FEET(25); AFFINITY TITLE SERVICES,INC. a .. $.' •l THE RUN NORTH ONE HUNDRED AND SEVENTEEN FEET(117'); STEWART TITLE GUARANTY COMPANY .`.) r. $ THENCE RUN WEST TWENTY-FIVE FEET(25')TO THE PLACE OF c- i 4'. BEGINNING,ALL BEING IN SECTION 25,TOWNSHIP FORTY(40)SOUTH, RANGE FORTY TWO(42)EAST,AND BEING A PARCEL OF LAND TWENTY- FIVE sy' ti. .,•rete "x,} FIVE FEET NORTH ST AND WEST AND ONE HUNDRED ANDSEVENTEEN 5 "iw c, _ FEET DEEP NORTH AND SOUTH,IN THE SAID NORTHEAST QUARTER - - IHAVEREVIEWED THE STEWART TITLE GUARANTY COMPANY �„°,. .�,�• (NEY.)OF THE SOUTHEAST QUART ER(SE'/<)OF SECTION TWENTY-nVE TITLE COMMITMENT NO.1010062,EFFECTIVE DATE:10/12/2010, el<ou ^^+c` (25)AFTER STREET HAVE BEEN ESTABLISHED. PROVIDED BY AFFINITY TITLE SERVICES,INC.ON 1110=010,AND FIND THAT } ALL EASEMENT AND SURVEY MATTER CONTAINED THEREIN ARE SHOWN e.D tssla 0f b g _ THE PARCEL OF PROPERTY CONVEYED HEREBY IS ALSO KNOWN AND ON THIS SURVEY. E yam._ DESCRIBED AS: a_Foavl),lE -24cAp era2749 p � �a ,,,pst m Q` THE EAST 25 FEET OF THE WEST 555 FEET OF THE NORTH 117 FEET'OF �= fODU©3X.i CODG.MOhI _ „a _ F __ THE NORTHEAST QUARTER OWNSHIP40S..)OF 7HE SOUTHEAST QUARTER(SE'/a) v a � u NOTES , OF SECTION 25,TOWNSHIP 40 SOUTH,RANGE 42 EAST,PALM BEACH 1.Legal aescrTplmn p-Dmded by crmL o= Sri'/e%f2¢cAp P.S.^w,.:>S g 3 _. - -. ---. - COUN_N_ FLORIDA 2.Tne laws snow.hereon were not abstradetl fpr easements - _ _ _ _ -- er other recorded...te—ra,tahown a.1, n t _ °C° 3.8eadn9a snow.hereon are relativa to plat antl $UPVFYOR'C CFRTIFlC TF '�Ci�l��•7 u•£LEn. FIO'J(�zDDB. mad. 4 V i fl 4.EIaValnnS shown hereonercbasetl pn nalpnelge0tle{c 0.B8 shasllsmdbpa4 Tran._t hem,er pmd Pa_plaibook P_plal PG=page Ii19Peby Cot911y thai{he fika:a'h OP BCUfl�aPy$UYWj Shornh—an .Map NO: 120228-9`i00iC VeR cal daluM 011929,unless oMemsse noted. CBS ancale Ebd.skumure F.PdL Flaetle Powardt'gD Typ_Irpiwl 81_aaw IR.iron rod a®P-S the MlntrtlufR{®chn C%I t d.3 Gs caf lorBh in Or IBr 69Ca17=6, round unprovemenfs.(Dole's fWndatwns ar PCC pmMOl 1m adc CM=concrete monwmpl er pelo n, s.Nabemw R�_e9.latway m, m.aaarad P tad,,. t ap L,44�®^aiJRVEYOR Map Date: 9 loUtla Adthirtie rah,®CDd9^') 09/30/82 ukGtes have been leveled at shown On ins eurve PCP pamwnanenl mnuai po nt P80 p 'everaecurva canlml angle iP.=m.ppo 0_eeeE ! 6 in:l0$ec110n 472.027,FIOf:Ca 6.Fellpe{les are{D We.cen{8tine et Ma fence y POC p"nlol eamme.cemem P p' dM a[L (�Dadn9 eassl'w PP-ekeWM 0,a a 1 S{atat®a __ 7.Fe"eeinsfances acrepresental Dns have been exa ed 0&.polnl oloa9mn^® ?-T' p°. I s y A. ema�lwle L aente lne Esm easemem /grap ggerat OrE geeasement a M.. CL a J e �' 8164 WINNIPESAVKEE WAY 'Date: IRlU4/2010 to.wee clearly lluslrate rareb."hlps bshmah physcal improvemenb >4 ,cwrD9,tad memippe wPP soe awaar la„na Ure.Dlna.nae— ALUM_aam nDm caF=Da p.la ad LAKE WORTH,.FLORIDA 33467 "ar let lines In all pses,dmrenso.sehown shall Wntml the bcai on RLS_regislernd and avrvoyor Cha.=dhxaahpxhea C.F=<nanlbk Pancs P.0=perd Wcunmvre Debitl Q.QufbaY RIES.No.6593 Job No: 3635 of the impmaemmes we'saved p,,aof. L.6.e W:eratl Mu4,wa F,aY .,...a PeF4.Ppemnmam esbrenr»,mnwnent PHONE'(551)236-9307 ',Revised: rwr,w,a aapam.,n�ra swwvap s.asa+o>e sex •F�(: 66 2�2 ..