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27 pillar purchase contract - 2026-07-08 (signed).pdf

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26861382 0 61769 false 031200-100178-25041 Patrick Sullivan | Expe true 0 FL 1046035 test tbd4 Java/1.8.0_461 "AS IS" Residential Contract For Sale And Purchase THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR 1* 2* 3 4 5 6 7* 8* 9* 10 11 12 13 14 15 16 17 18 19 20 21* Holly Hill Funding LLC PARTIES: _____________________________________________________________________________ ("Seller"), 27 Pillar LLC, a Wyoming limited liability company and ___________________________________________________________________________________ ("Buyer"), agree that Seller shall sell and Buyer shall buy the following described Real Property and Personal Property (collectively "Property") pursuant to the terms and conditions of this AS IS Residential Contract For Sale And Purchase and any riders and addenda ("Contract"): 1. PROPERTY DESCRIPTION: 27 PILLAR LN, PALM COAST, FL 32164 (a) Street address, city, zip: ____________________________________________________________________ 07-11-31-7026-00420-0140 FLAGLER (b) Located in: ______________ County, Florida. Property Tax ID #: ____________________________________ PALM COAST SEC 26 BL 42 LT 14 OR 553 PG 1539 OR 657 PG 538 (c) Real Property: The legal description is ________________________________________________________ ________________________________________________________________________________________ ________________________________________________________________________________________ together with all existing improvements and fixtures, including built-in appliances, built-in furnishings and attached wall-to-wall carpeting and flooring ("Real Property") unless specifically excluded in Paragraph 1(e) or by other terms of this Contract. (d) Personal Property: Unless excluded in Paragraph 1(e) or by other terms of this Contract, the following items which are owned by Seller and existing on the Property as of the date of the initial offer are included in the purchase: range(s)/oven(s), refrigerator(s), dishwasher(s), disposal, ceiling fan(s), light fixture(s), drapery rods and draperies, blinds, window treatments, smoke detector(s), garage door opener(s), thermostat(s), doorbell(s), television wall mount(s) and television mounting hardware, security gate and other access devices, mailbox keys, and storm shutters/storm protection items and hardware ("Personal Property"). 25 Other Personal Property items included in this purchase are: ______________________________________ _______________________________________________________________________________________ Personal Property is included in the Purchase Price, has no contributory value, and shall be left for the Buyer. (e) The following items are excluded from the purchase: _____________________________________________ _______________________________________________________________________________________ 26* PURCHASE PRICE AND CLOSING 22 23 24* 27* 28* 29 30* 31 32 33* 34* 35* 36* 37* 38 39* 40* 41 42* 43 44 45* 46 47 48 49 50 51 52 344,447.40 2. PURCHASE PRICE (U.S. currency):............................................................................................... $_____________ 10,000.00 $ _____________ (a) Initial deposit to be held in escrow in the amount of (checks subject to Collection) ....... The initial deposit made payable and delivered to "Escrow Agent" named below (CHECK ONE): (i) accompanies offer or (ii) is to be made within 2 _____ (if left blank, then 3) days after Effective Date. IF NEITHER BOX IS CHECKED, THEN OPTION (ii) SHALL BE DEEMED SELECTED. TBD Escrow Agent Name: ________________________________________________________ Address: _____________________________________________ Phone:_______________ E-mail: _______________________________________________ Fax: _________________ (b) Additional deposit to be delivered to Escrow Agent within __________ (if left blank, then 10) days after Effective Date ...........................................................................................................$ _____________ (All deposits paid or agreed to be paid, are collectively referred to as the "Deposit") (c) Financing: Express as a dollar amount or percentage ("Loan Amount") see Paragraph 8 ......... _____________ (d) Other: ___________________________________________________________ ................ $ _____________ (e) Balance to close (not including Buyer's closing costs, prepaids and prorations) by wire 334,447.40 transfer or other Collected funds (see STANDARD S)............................................................. $_____________ 3. TIME FOR ACCEPTANCE OF OFFER AND COUNTER-OFFERS; EFFECTIVE DATE: (a) If not signed by Buyer and Seller, and an executed copy delivered to all parties on or before July 9, 2026 ____________ ___________, this offer shall be deemed withdrawn and the Deposit, if any, shall be returned to Buyer. Unless otherwise stated, time for acceptance of any counter-offers shall be within 2 days after the day the counter-offer is delivered. (b) The effective date of this Contract shall be the date when the last one of the Buyer and Seller has signed or initialed and delivered this offer or final counter-offer ("Effective Date"). 4. CLOSING; CLOSING DATE: The closing of this transaction shall occur when all funds required for closing are received by Closing Agent and Collected pursuant to STANDARD S and all closing documents required to be furnished by each party pursuant to this Contract are delivered (“Closing”). Unless modified by other provisions of Buyer's Initials _________ __________ Seller's Initials __________ __________ Page 1 of 13 FloridaRealtors/FloridaBar-ASIS-7x Rev.2/26 © 2026 Florida Realtors® and The Florida Bar. All rights reserved. Serial#: 031200-100178-2504176 Doc ID: 52b0ddca5cf2f2b8de04a46a62e0749f39d43c3c 53* 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68* 69 70 71 72* 73 74 75 76 77* 78* 79 80 81 82 83* 84* 85 86 87 88* 89* 90* 91* 92 93 94 95 96 97* 98 99 100 101 102 103 104 105 106 107 108 or before July 22, 2026 this Contract, the Closing shall occur on _____________________________ (“Closing Date”), at the time established by the Closing Agent. 5. EXTENSION OF CLOSING DATE: (a) In the event Closing funds from Buyer's lender(s) are not available on Closing Date due to Consumer Financial Protection Bureau Closing Disclosure delivery requirements (“CFPB Requirements”), if Paragraph 8(b) is checked, Loan Approval has been obtained, and lender's underwriting is complete, then Closing Date shall be extended for such period necessary to satisfy CFPB Requirements, provided such period shall not exceed 7 days. (b) If an event constituting "Force Majeure" causes services essential for Closing to be unavailable, including the unavailability of utilities or issuance of hazard, wind, flood or homeowners' insurance, Closing Date shall be extended as provided in STANDARD G. 6. OCCUPANCY AND POSSESSION: (a) Unless Paragraph 6(b) is checked, Seller shall, at Closing, deliver occupancy and possession of the Property to Buyer free of tenants, occupants and future tenancies. Also, at Closing, Seller shall have removed all personal items and trash from the Property and shall deliver all keys, garage door openers, access devices and codes, as applicable, to Buyer. If occupancy is to be delivered before Closing, Buyer assumes all risks of loss to the Property from date of occupancy, shall be responsible and liable for maintenance from that date, and shall have accepted the Property in its existing condition as of time of taking occupancy, see Rider T PRECLOSING OCCUPANCY BY BUYER. (b) CHECK IF PROPERTY IS SUBJECT TO LEASE(S) OR OCCUPANCY AFTER CLOSING. If Property is subject to a lease(s) or any occupancy agreements (including seasonal and short-term vacation rentals) after Closing or is intended to be rented or occupied by third parties beyond Closing, the facts and terms thereof shall be disclosed in writing by Seller to Buyer and copies of the written lease(s) shall be delivered to Buyer, all within 5 days after Effective Date. If Buyer determines, in Buyer's sole discretion, that the lease(s) or terms of occupancy are not acceptable to Buyer, Buyer may terminate this Contract by delivery of written notice of such election to Seller within 5 days after receipt of the above items from Seller, and Buyer shall be refunded the Deposit thereby releasing Buyer and Seller from all further obligations under this Contract. Estoppel Letter(s) and Seller's affidavit shall be provided pursuant to STANDARD D, except that tenant Estoppel Letters shall not be required on seasonal or short-term vacation rentals. If Property is intended to be occupied by Seller after Closing, see Rider U POST-CLOSING OCCUPANCY BY SELLER. 7. ASSIGNABILITY: (CHECK ONE): Buyer may assign and thereby be released from any further liability under this Contract; ✖ may assign but not be released from liability under this Contract; or may not assign this Contract. IF NO BOX IS CHECKED, THEN BUYER MAY NOT ASSIGN THIS CONTRACT. FINANCING 8. FINANCING: (a) This is a cash transaction with no financing contingency. 7 ✖ (b) This Contract is contingent upon, within _______ (if left blank, then 30) days after Effective Date (“Loan Approval Period”): (1) Buyer obtaining approval of a ✖ conventional FHA VA or other ______________ (describe) mortgage loan for purchase of the Property for a (CHECK ONE): fixed, adjustable, fixed or adjustable rate in the Loan Amount (See Paragraph 2(c)), at an initial interest rate not to exceed _______ % (if left blank, then prevailing rate based upon Buyer's creditworthiness), and for a term of _______ (if left blank, then 30) years (“Financing”); and (2) Buyer's mortgage broker or lender having received an appraisal or alternative valuation of the Property satisfactory to lender, if either is required by lender, which is sufficient to meet the terms required for lender to provide Financing for Buyer and proceed to Closing (“Appraisal”). 2 (i) Buyer shall make application for Financing within _______ (if left blank, then 5) days after Effective Date and use good faith and diligent effort to obtain approval of a loan meeting the Financing and Appraisal terms of Paragraph 8(b)(1) and (2), above, (“Loan Approval”) within the Loan Approval Period and, thereafter, to close this Contract. Loan Approval which requires Buyer to sell other real property shall not be considered Loan Approval unless Rider V is attached. Buyer's failure to use good faith and diligent effort to obtain Loan Approval during the Loan Approval Period shall be considered a default under the terms of this Contract. For purposes of this provision, “diligent effort” includes, but is not limited to, timely furnishing all documents and information required by Buyer's mortgage broker and lender and paying for Appraisal and other fees and charges in connection with Buyer's application for Financing. (ii) Buyer shall, upon written request, keep Seller and Broker fully informed about the status of Buyer's mortgage loan application, loan processing, appraisal, and Loan Approval, including any Property related conditions of Loan Approval. Buyer authorizes Buyer's mortgage broker, lender, and Closing Agent to disclose such status Page 2 of 13 Buyer's Initials _________ __________ Seller's Initials __________ __________ FloridaRealtors/FloridaBar-ASIS-7x Rev.2/26 © 2026 Florida Realtors® and The Florida Bar. All rights reserved. Serial#: 031200-100178-2504176 Doc ID: 52b0ddca5cf2f2b8de04a46a62e0749f39d43c3c 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132* 133* and progress and release preliminary and finally executed closing disclosures and settlement statements, as appropriate and allowed, to Seller and Broker. (iii) If within the Loan Approval Period, Buyer obtains Loan Approval, Buyer shall notify Seller of same in writing prior to expiration of the Loan Approval Period; or, if Buyer is unable