AUCTION of " VACANT LAND "
PURCHASE AGREEMENT

SALE AND PURCHASE_______________________________________________ ( SELLER )

AND ________________________________________________________________ ( BUYER )
Agrees sell and buy on the terms and conditions the property (“PROPERTY”) described as
Address: 6697 W. Ray Ct. , Homosassa Florida.

Legal Description:
Singing Trees Lot 17 Book 671 Page 1778
Located in Citrus County Florida.
THIS IS A VACANT TRACT OF LAND

PURCHASE PRICE: $______________________ Payable by BUYER in U.S. funds as follows:

(a)$ 500.00_________    Deposit received (checks are subject to clearance) Paid to
                                          STEWART TITLE   (“ ESCROW AGENT”) ( and a part of the Purchase Price. )
                                                        PH# 1-352-628-3800 Address is 4771 S. Suncoast Blvd. ( US 19 ) Homosassa, Fl 34446
                                           Fax# 1-352-628-3825

(b) $500.00________ Additional deposit to be made on notice of being the winning bidder, ( and a part of the purchase price. )

(c) $______________ Total Financing.

(d) $500.00_______ Other: Premium paid by Buyer on Auction Purchase added to purchase price and due on closing.

(e) $______________    Balance to Close ( not including buyers closing costs, prepaid items and
                                      prorations.) All funds paid at closing must be paid by Cashiers Check,
                                      Official Check or Wired Funds. ( Subtract the deposit you have made or are making from The Balance To Close.)

Buyer will pay cash for the property with NO Financing Contingency, OR BUYER BIDS WITH OWNER FINANCING
with 20% down for 5 years at 7% rate of interest. ( a credit report is required ) ( owner financing must be noted in your BID!! )

Closing Date shall be within 20 days of notice to the buyer of being the winning bidder.
Seller shall at Sellers expense, provide Title Insurance ( as proof of clear title) and shall pay for
State Stamps on the Deed. The taxes shall be prorated to the date of closing.

The Buyer shall pay for the recording of the Deed. ( About Fifteen Dollars ) and mortgage stamps -recording if applicable.
The Buyer may have the property surveyed prior to closing.

CLOSING PROCEDURE: Closing will take place at the Office of The Escrow Agent:
Title Insurance Company: STEWART TITLE
4771 S. Suncoast Blvd. Homosassa Florida 34446
Phone Number 1-352-628-3800

Buyer may review the Title Commitment at least 3 days prior to the closing date.

TAX WITHHOLDING: BUYER and SELLER will comply with the “Foreign Real Property Tax Act, which may require SELLER to provide additional cash at closing if SELLER is a “foreign person” as defined by federal law.

ASSIGNABILITY; PERSONS BOUND: Buyer may not assign this contract without sellers consent.

Buyer(_________) (___________) and SELLER (___________) (____________)
acknowledge receipt of a copy of this contract page. PAGE 1 of 3
©NATION WIDE REAL ESTATE INC.

CLOSING DATE: OCCUPANCY: This contract will be closed and the Deed and Possession delivered on or before 20 Days of Notification to BUYER that the BUYER has been the winning bidder of this property.

TITLE: SELLER will convey marketable title to the property by statutory warranty deed or trustee, personal representative or guardian deed as appropriate to SELLERS status.

NOTICES: All notices will be made to the parties and Broker by mail, personal delivery or
electronic media.

BROKERS:

As Indicated Below.

Larry T. Giddens/Broker ph # 1-352-628-7600                       Nation Wide Real Estate Inc.
Licensee                                                                                     3799 S. Suncoast Blvd.
NATION WIDE REAL ESTATE INC.                                    Homosassa, Fl 34448
Offering Real Estate Company                                                 PH 1-352-628-7600
                                                                              Email runaluck@tampabay.rr.com

_______________________________

Co-Operating Real Estate Company

_______________________________
Real Estate Licensee

_______________________________
Co-Operating Broker

ADDITIONAL TERMS:

Other than a clear Title to this property, there are NO CONTINGENCIES IN EFFECT IN THIS CONTRACT.

Buyer may have the property surveyed but must do so during the 20 day closing period.

Purchaser is purchasing by auction.

Buyer agrees to close within 20 days from the date of buyer being notified that They/He/She had placed the winning bid.
There is NO Real Property Disclosure in effect by the seller of this property.

By bidding on this property, Buyer acknowledges that Buyer has viewed this property or has made a decision to bid for and purchase this property without personally viewing this property.

This contract IS NOT contingent on the Buyer Viewing this Property

BUYER (_______) (_______) and SELLER (__________) (____________)acknowledge receipt
of a copy of this page PAGE 2 of 3
©NATION WIDE REAL ESTATE INC.

ADDITIONAL TERMS:

INSTRUCTIONS: Print these contracts, then fill in your offer amount at " Purchase Price"
Subtract the $500.00 deposit and then add The Auction Premium of $500.00
Then place the final amount due on closing at line (e)
Make a check out to" Stewart Title and deliver the deposit by mail or personal delivery
Address is STEWART TITLE, 4771 S. SUNCOAST BLVD.. HOMOSASSA FLORIDA, 34446
PH# 1-352-628-3800
fax 1-352-628-3825 ( WRITE ON CHECK " RAY CT. AUCTION" )
THEN FAX YOUR FILLED OUT AND SIGNED AS BUYER CONTRACTS TO 1-352-628-0902 AND 1-352-628-3825

GOT QUESTIONS ? CALL LARRY T. GIDDENS - 1-352-628-7600 OR EMAIL TO runaluck@tampabay.rr.com

You do not have to give your social security number unless you are bidding with owner financing.

This is intended to be a legally binding contract, if not fully understood, seek the advice of an attorney prior to signing.

Date___________ Buyer:__________________________________ Tax ID/SSN_________________
print name:_________________________________

Date_________           Buyer:__________________________________ Tax ID /SSN_________________
                                      print name:__________________________________
Buyers Address:________________________________________________________________________
Phone Number_______________________________   Cell___________________________________
Email Address__________________________________________

Date___________ SELLER:_______________________________ Tax ID/SSN__________________

Print name:_________________________________

Date__________          SELLER_______________________________ Tax ID/SSN__________________
                                       Print name______________________________________
Sellers Address_________________________________________________________________________
Phone Number______________________________      Cell___________________________________
Email Address____________________________________________

Buyers additional Information____________________________________________________________________
______________________________________________________________________________.
Sellers additional Information____________________________________________________________________
______________________________________________________________________________.

Buyer(_________)   (__________) and Seller(_________) (__________)acknowledge receipt of a

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