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AS IS Residential Contract for Sale and Purchase (FloridaRealtorsFloridaBar-ASIS-6) - 6914 Polonia Ave, Cleveland, OH 44105.pdf

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Authentisign ID: 4229AC39-C3C0-EF11-88CF-002248299057 “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 JOAO & SELESTE R. LUCAS H&W PARTIES: ("Seller"), Yhome LLC 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 Residenti

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Authentisign ID: 4229AC39-C3C0-EF11-88CF-002248299057

“AS IS” Residential Contract For Sale And Purchase
THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR
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JOAO & SELESTE R. LUCAS H&W
PARTIES:
("Seller"),
Yhome LLC
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:
32137-8481
62
FOLCROFT LN
PALM COAST
(a) Street address, city, zip:
07-11-31-7007-00190-0250
Flagler
(b) Located in: ______________ County, Florida. Property Tax ID #:
(c) Real Property: The legal description is
PALM COAST SEC 7 BL 19 LT 25 OR 113 PG 585 OR 182 PG 270 OR 319 PG 409 OR 330 PG 196-CD OR
331 PG 263 OR 425 PG 315 OR 652 PG 1628 OR 725 PG 1161 OR 1883/437 OR 1923/251

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").
Other Personal Property items included in this purchase are:

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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:

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PURCHASE PRICE AND CLOSING
250,000.00

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2. PURCHASE PRICE (U.S. currency):............................................................................................... $

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2,500.00
(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 3
_____ (if left blank,
then 3) days after Effective Date. IF NEITHER BOX IS CHECKED, THEN OPTION (ii)
SHALL BE DEEMED SELECTED.
Flagler County
Abstract
Escrow Agent Name:
_______________________________________________________
Bunnell
FL 32110 Phone:
386-437-4151
Address: 306 E. Moody Blvd
___________________
fcac@flaglercountyabstract.com
Email: _________________________________________
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
247,500.00
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
12/23/2024
_______________________, 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

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Buyer’s Initials _________ __________
Page 1 of 13
Seller’s Initials __________ __________
FloridaRealtors/FloridaBar-ASIS-6xx Rev.8/24 © 2024 Florida Realtors® and The Florida Bar. All rights reserved.

This software is licensed to [Brad Melton -

Realty Pros Assured] www.transactiondesk.com.

Authentisign ID: 4229AC39-C3C0-EF11-88CF-002248299057

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1/21/2025
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

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8. FINANCING:
✘ (a) This is a cash transaction with no financing contingency.
(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”).
(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
Buyer’s Initials _________ __________
Page 2 of 13
Seller’s Initials __________ __________
FloridaRealtors/FloridaBar-ASIS-6xx Rev.8/24 © 2024 Florida Realtors® and The Florida Bar. All rights reserved.

This software is licensed to [Brad Melton -

Realty Pros Assured] www.transactiondesk.com.