2245 Thrushman Parcel Real Estate SaleTHRUSHMAN PARCEL/CITY OF SANFORD
CONTRACT FOR SALE OF REAL ESTATE
THIS CONTRACT for Sale is made on this ay of )A, 2020 is made by and between:
Eric Thrushman, hereinafter referred to as the "Seller", whose address 176 Morning Glory
Drive, Lake Mary, Florida 32746-6193;
M 71 ED
the City of Sanford, Florida, a municipal corporation, whose address is 300 North Park
Avenue, Sanford, Florida 32771, hereinafter referred to as the "City".
1. Purchase Contract. The Seller agrees to sell and the City agrees to buy the
Property described in this Contract.
2. Property. The Property to be sold consists of (a) the land and all the buildings,
other improvements and fixtures on the land; (b) all of the Seller's rights relating to the
land and associated interests; and (c) all personal property associated with the land. The
land and all associated property and property interests are referred to herein as the
"Property". The real property to be sold is:
Seminole County Tax Parcel Identification Number: 36-19-30-541-0000-0710.
Location/address: East side of Palmetto Avenue, North of State Road 46 containing
21,948 square feet, more or less, with about 118 feet of frontage along Palmetto Avenue.
Legal Description: Lot 71 and 72, PINE HEIGHTS, Plat Book 3, Page 51, Public Records
of Seminole County, Florida.
3. Purchase Price. The purchase price is $48,000.00.
4. Payment of Purchase Price. The City will pay the purchase price as follows:
Upon signing of this Contract (deposit). $500.00
Amount of mortgage.
None. This is a cash purchase.
Balance to be paid at Closing of title, via wire(s) from a U.S. financial institution, subject
to adjustments at Closing, all wires being at the cost of the City). $47,500.00
6. Deposit Moneys. The $500.00 deposit set forth herein shall be the property of
the Seller if the City elects not to purchase the Property after the inspection period, but
shall be credited to the City at a Closing.
6. Mortgage Contingency. None. This is a cash transaction.
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7. Time and Place of Closing. The Closing date will occur on or before July 23,
2020. Both parties will fully cooperate in order for the Closing to be fully accomplished,
on or before the established Closing date. The Closing will be held at the office of the
City's City Attorney with the use of electronic communications and transmissions as may
be feasible. Time is of the essence in the performance of this Contract. The parties agree
that they shall diligently and expeditiously pursue their respective obligations set forth in
this Contract.
8. Transfer of Ownership/insurance, Etc. At the Closing, the Seller will
transfer ownership of the Property to the City. The Seller will provide to the City a statutory
warranty deed and an adequate affidavit of title as well as all other documents necessary
to perfect title in the City. The City shall procure issuance of a title insurance commitment,
issued through the law firm of Stenstrom, McIntosh, Colbert, & Whigham, P.A., acting as
issuing agent ("Closing Agent") for a qualified title insurer agreeing to issue to the City
upon recording of the statutory warranty deed to the City, a fee owner's policy of title
insurance (ALTA Form) in the amount of the purchase price of the Property subject only
to the Permitted Exceptions (as hereinafter defined) and the so-called "Standard
Exceptions" contained on the inside jacket cover of the standard ALTA Form of
Commitment; said commitment shall provide that said Standard Exceptions will be
deleted by the title insurance company upon furnishing to the issuing agent a Lien,
Possession and Encumbrance Affidavit in the customary form (and the Seller agrees to
furnish such Affidavit at and as a part of the Closing) and a current survey and surveyor's
report (on the prescribed company form; said survey and surveyor's report to be furnished
by the City at the City's expense). The City shall have until 5 business days from receipt
of the Title Commitment within which to review the Title Commitment and to notify the
other party of such reasonable written objections as they may have to matters set forth in
the Title Commitment and the surveys which materially affect the feasibility of the
contemplated use. In the event any such objections are made by either party, the parties
shall have a period of thirty 30 days (or longer if so extended in writing by both parties)
from the receipt of the same in order to cure such objections. Failure to cure the objections
to the satisfaction of the other party shall give the objecting party the right to: (1) Waive
the title objections and close the sale and purchase; or (2) Terminate this Contract and
obtain a refund of all payments including the payment delivered to the Seller by the City,
in which event all rights and obligations between the parties shall be null and void. The
search fees or Title Commitment fees and premium for the Title Insurance Policy shall be
paid at the Closing by the City. Any instrument, assurance or deposit made or given in
order to cure a defect in title shall be in such form, on such terms, under such conditions
and in such amount as may be reasonably required by the title insurance company
insuring title to satisfy said company sufficiently for it to ascertain and accept the facts
and/or omit (or insure over) any exception to title not permitted under this Contract. The
Seller shall pay for the cost and recording of any corrective title instruments and,
inasmuch as this transaction is under threat of condemnation, there are not State
documentary stamps to be paid or affixed to the statutory warranty deed of conveyance.
See, Rule 1213-4.014, Florida Administrative Code. The City shall pay the cost of any
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surveys, tests or evaluations that it may commission, any environmental audit reports that
it may commission, and the costs to record the statutory warranty deed, as aforesaid.
9. Statutory Warranty Deed; Representations of the Seller; Closing Documents.
The Seller agrees to provide and the City agrees to accept a statutory warranty deed with
covenant as to the Seller's acts and as necessary to vest insured title in the City. The
Seller agrees to convey title to the Property free and clear of all liens and leasehold
interests (except Permitted Exceptions and those liens which can be and shall be
removed at Closing) and that it can convey the same without the joinder of any other
persons or entities. The Seller has no notice or information of any litigation or
administrative proceeding threatened or pending against the Property or the Seller's
interest in it. The Seller shall not, without the consent of the City, execute any easements
or restrictions or otherwise take or permit any action that would constitute an exception
under the Surveys, Title Commitment or Title Policy, or any other matter. The parties
further agree to execute and deliver such other documents at Closing as are typical in a
real estate transaction.
10. Personal Property and Fixtures.
personal property and fixtures as may be
property is known of.
The Property shall be conveyed will all
located on the Property although no such
11. Physical Condition of the Property. The Property is being sold "AS IS" and
"WHERE IS". The Seller does not make any claims of promises about the condition or
value of any of the Property included in this sale except as may be specifically set forth
in this Contract. The City has inspected the Property, or may inspect the Property during
the inspection period, and relies on this inspection and any rights which may be and
statements of the Seller as provided for elsewhere in this Contract. The Seller agrees to
maintain the grounds, buildings and improvements on the Property in the condition found
on the date of this Contract, subject to ordinary wear and tear.
12. Inspection of the Property. The Seller agrees to permit the City to inspect
the Property at any reasonable time before the Closing. The Seller will permit access for
all inspections provided for in this Contract. The City may terminate this Contract on or
before the end of the inspection period (which expires on 11.59 p.m. on July 10, 2020) if
it determines that the Property is not suited for its purposes in its sole discretion in which
case the parties shall be released from each other in all matters relating to the acquisition
of the Property and shall have no duty or liability one to another of any type or nature
whatsoever.
13. Building and Zoning Laws. The Property is acquired with the City well
knowing that the Property is subject to the provisions the City of Sanford's Land
Development Regulations/Land Development Code as well as an array of other land
development regulations.
14. Termite Inspection/Radon Gas/Mold/Condition Of The Property (Flood Zone,
Energy And Lead -Based Paint). The City shall evaluate all matters including, but not
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limited to, termite inspections, radon gas analysis, mold evaluations, flood zone
conditions, energy efficiency and lead-based paint presence, during the inspection period.
The Federal and State governments have designated certain areas as "flood areas". This
means they are more likely to have floods than other areas. The City will evaluate these
matters during the inspection period.
15. Property Lines. The Seller states that, to the best of Seller's knowledge, all
buildings, driveways and other improvements on the Property, if any, are within its
boundary lines. Also, no improvements on adjoining properties extend across the
boundary lines of the Property.
16. Ownership. The Seller agrees to transfer and the City agrees to accept
ownership of the Property free of all claims and rights of other except for:
(a). the rights of utility companies to maintain pipes, poles, cables and wires
over, on and under the street, the part of the Property next to the street or running to any
house or other improvement on the Property; and
(b). recorded agreements which limit the use of the Property, unless the
agreements: (1) are presently violated; (2) provide that the Property would be forfeited if
they were violated; or (3) unreasonably limit the normal use of the Property as
contemplated by the City.
17. Correcting Defects. If the Seller does not comply with Section 15 or Section
16 of this Contract, the Seller will be notified and provided with 15 days to make it comply.
If the Seller still does not comply after that date, the City may cancel this Contract or give
the Seller more time to comply.
18. Risk of Loss. The Seller is responsible for any damage to the Property,
except for normal wear and tear until the Closing. If there is damage, the City can proceed
with the Closing and either:
(a). require that the Seller repair the damage before the Closing; or
(b). deduct from the purchase price a fair and reasonable estimate of the cost
to repair the Property.
19. Cancellation of Contract. No additional provisions.
20. Assessments for Municipal Improvements. Certain municipal improvements
such as sidewalks and sewers may result in the municipality charging property owners to
pay for the improvement. All unpaid charges (assessments) against the Seller for work
completed before the Closing and which are not paid in installments as a portion of the
regular annual real property taxes will be paid by the Seller at or before the Closing. If the
improvement is not completed before the Closing, then only the City will be responsible.
If the improvement is completed but the amount of the charge (assessment) is not
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determined, the Seller will pay an estimated amount at the Closing. When the amount of
the charge is finally determined, the Seller will pay any deficiency to the City (if the
estimate proves to have been too low), or the City will return any excess to the Seller (if
the estimate proves to have been too high).
21 Adjustments at Closing. The City and the Seller agree to adjust the
following expenses, if nay there are, as of the Closing date: electric services,water
charges, sewer charges and taxes.
22. Possession. At the Closing the City will be given sole and exclusive
possession of the Property. No tenant will have any right to the Property unless otherwise
agreed in this Contract.
23. Complete Contract. This Contract is the entire and only agreement
between the City and the Seller. This Contract replaces and cancels any previous
agreements between the City and the Seller. This Contract can only be changed by an
agreement in writing signed by both City and the Seller. The Seller states that the Seller
has not made any other Contract to sell the Property to anyone else. The City is not
responsible for any real estate broker commissions, or fees, in this transaction which may
be due any current and active Florida licensed real estate broker.
24. Remedies Upon Default.
(a). If the purchase and sale of the Property contemplated hereby is not
consummated in accordance with the terms and conditions of this Contract due to
circumstances or conditions which constitute a default by the City hereunder, the City's
sole and exclusive remedies hereunder shall be retainage of the payment previously paid
by the City.
(b). In the event of a default by the City under the terms of this Contract that is
first discovered by the City prior to the Closing and is not cured by the City as provided
hereunder, the City's sole and exclusive remedies hereunder shall be either to (i)
terminate this Contract or (ii) seek specific performance of the City's obligations under
this Contract.
25. Parties Liable. This Contract is binding upon all parties who sign it and all
who succeed to their rights and responsibilities. The signatories to this Contract represent
that they have the authority to execute this Contract and bind the respective parties hereto
as set forth in this Contract.
26. Notices. Any notices, requests, demands, tenders and communications
hereunder shall be in writing and may be served (i) by depositing same in the United
States mail, addressed to the party to be notified, postage prepaid and registered or
certified with return receipt requested; (ii) by recognized overnight, third party prepaid
courier service (such as Federal Express); (iii) by delivering the same in person to such
party; or (iv) by successful transmission by electronic mail or telecopy. Any notice or
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other communication mailed as aforesaid shall be deemed effectively given (x) on the
date and time of delivery if personally delivered or sent by electronic transmission or
telecopy, (y) on the date and time delivered if sent by courier service, or (z) on the date
and time indicated on the return receipt if mailed. Either party may change its address for
notices by giving notice to the other as provided below.
The addresses for notices are as follows:
If to the City: Lonnie N. Groot, Esquire
Stenstrom, McIntosh, Colbert & Whigham, P.A.
1001 Heathrow Park Lane
Suite 4000
Lake Mary, Florida 32746
If to Seller Eric Thrushman
176 Morning Glory Drive
Lake Mary, Florida 32746-6193
27. Additional Provisions. The provisions of this Contract shall bind and
inure to the benefit of the heirs, personal representatives, successors and assigns of the
parties. This Contract shall be governed by, and construed and enforced in accordance
with, the laws of the State of Florida. In connection with any litigation, including, but not
limited to, appellate proceedings, arising out of this Contract, the prevailing party shall be
entitled to recover all legal charges, expenses, costs and reasonable attorney's fees.
Venue for any dispute shall be in the Eighteenth Judicial Circuit Court in and for Seminole
County, Florida. The section headings herein contained are inserted for convenience of
reference only and shall not be deemed to be a part of this Contract; they shall be ignored
in construing this Contract. The fact that one of the parties may be deemed to have drafted
or structured any provision hereof shall not affect the interpretation of this Contract and
this Contract is the result of bona fide arm's length negotiations by and between the
parties and, accordingly, the fact that one or another party drafted this Contract, or any
part of it, shall not be considered in construing the particular provision either in favor of or
against such party. Both parties have contributed substantially and materially to the
drafting of this Contract. This Contract may be executed by the parties in any number of
counterparts, each of which shall be deemed an original, and all such counterparts shall
be deemed one and the same Contract. In the event this Contract is executed in
counterparts, the effective date of this Contract shall be determined with reference to the
date of the last execution of any of the counterparts.
28. Brokers and Commission. The Seller and the City each represent and
warrant to the other that neither has employed, retained or consulted any other properly
licensed Florida real estate broker, agent, or finder in carrying on the negotiations in
connection with this Contract or the purchase and sale referred to herein, and the Seller
and the City shall each indemnify and hold the other harmless from and against any and
all claims, demands, causes of action, debts, liabilities, judgments and damages
(including costs and reasonable attorneys' and paralegals' fees suffered or incurred in
Page 6 of 9
connection with the enforcement of this indemnity, whether or not an action is
commenced, whether incurred before, during or after trial, or upon any appellate level, or
in arbitration, mediation, any administrative proceeding or any proceeding in bankruptcy
or insolvency,) which may be asserted or recovered against the indemnified party on
account of any brokerage fee, commission or other compensation arising by reason of
the indemnitor's breach of this representation and warranty. Section 23 and Section 28
shall survive the Closing or any termination of this Contract.
Page 7 of 9
WITNESSES/ATTEST.• Eric Thrushman
Witness # 1 Signature Eric Thrushman
Witness # Printed Name �
Witness # 2 Signature 7)
Witness # 2 Printed Name
ACKNOWLEDGEMENT
STATE OF FLORIDA)
COUNTY OF SEMINOLE
I HEREBY CERTIFY that on this day, before me, an officer duly authorized to
administer oaths and take acknowledgments, personlly.appepreo, Eric Thrushman { }
who is personally known to me or { } who produced Vy(W1rL5 111 cleAS-6- as
identification and acknow�edged before me that he execute the same. Sworn and
subscribed before me, byte "i,
-Ovah*by means of M physical presence or { }
online notarization on the ff, day of 4 2020, the said person did not take an oath, said
person further, deposing and saying he has read the foregoing and that the
statements and allegations contained herein are true and correct.
WITNESS my hand and official seal in the County and State last aforesaid this
P-1 day of June, 2020.
PAUSLA RORINSOt4 Notary Public; State of Florida
WTARY PUBLIC (Affix Notarial §.�al)
STATE OF FLORIDA Printed Name:
Cmnio GG012"?
expires 711wap
ADDITIONAL SIGNATURE PAGE FOLLOWS:
Page 8 of 9
Attest. -
City Of Sanford
0�k By:
Traci
• Art W65M
MMC, FCRM, City Clerk Mayor
Approved as to form and legal suffi
Page 9 of 9
ERRORS AND MISTAKES AGREEMENT
SELLER ERIC THRUSHMAN
BUYER CITY OF SANFORD, a Florida municipal corporation
PROPERTY: Lot (s) 71 and 72, Pine Heights, according to the map or plat thereof,
as recorded in Plat Book 3, Page(s) 51, of the Public Records of
Seminole County, Florida.
DATE AUGUST 4, 2020
The undersigned, as additional consideration for LONNIE N. GROOT, (Attorney)
closing the transaction noted above, agree to the following:
In the event any of the documents evidencing, securing or relating to the above -
referenced sale and/or loan, mistake or inaccurately reflect the true and correct items and
provisions of the sale and/or loan due to:
1) Unilateral mistake on the part of Attorney or its employees or
agents;
2) Mutual mistake on the part of Attorney, its employees or
agents and the undersigned; or
3) Clerical or other error; then
The undersigned shall, immediately upon request by Attorney, execute such new
documents or initial such corrected documents as Attorney may deem reasonably
necessary to remedy said misstatement, inaccuracy or mistake. Such correction shall not
be done at the undersigned's expense unless they bear some fault in connection with the
mistake. The undersigned acknowledge that the Attorney is relying on this agreement to
enable him to represent third parties, including the Lender, the title insurance company,
and others that such mistake can and will be corrected forthwith. Failure by the
undersigned to initial or execute such documents, as requested, shall constitute a material
default under this agreement. Attorney's remedy for such a breach shall include specific
performance, and in connection therewith Attorney may collect costs and reasonable
attorney's fees should litigation be necessary.
BUYER: CITY OF SANFORD, a Florida
municipal corporation
Attest:
By:
Thomas Ge e, as 6puty City
Manager
zj
Dated: August 2020
NOWMA WIT111127 lur 0m,
�0
Eric Thrushman
Dated: August _, 2020
Errors and Mistakes Agreement
Page 2
Agency File #
Florida Insurance Premium Disclosure & Settlement Agent Certification
C-65,353 Closing Date: 08-04-2020
You are being given this form and certification to explain differences between federal and Florida law. Federal law requires the costs
of the policies to be calculated using the full premium for the lender policy. Florida law allows the premium for the lender's policy to
be calculated using a lower rate when purchased along with an owner's policy.
If both an owner's policy and a lender's policy are being purchased, the title insurance premiums on this form might differ from the
premiums on the Closing Disclosure. The owner's policy premium listed on the Closing Disclosure will probably be lower than on
this form, and the lender's policy premium will probably be higher.
The chart below lists the amounts disclosed by the lender and the premium for the policies being purchased. These amounts include
the charges for endorsements to the policies:
The total dollar amount for the policies as disclosed on this form should be equal to the total premium calculated using the Florida
insurance Code. The Florida Premium amounts listed above will be used to disburse the funds from the title agency's escrow account
to Commonwealth Land Title Insurance Company and Stenstrom, McIntosh, Colbert & Whigham, P.A.
The undersigned hereby certify that they have carefully reviewed the Closing Disclosure or other settlement statement form, and
they approve and agree to the payment of all fees, costs, expenses and disbursement as reflected on the Closing Disclosure or other
settlement statement form to be paid on their behalf. We further certify that we have received a copy of the Closing Disclosure or
other settlement statement.
Seller Signature
Eric Thrushman
Seller Printed Name
Seller Signature
Seller Printed Name
Date Signed Buy orrower Siena re Dat A igned
i
Thomas George, Dpty ity Manager
Date Signed
Buyer/Borrower Printed Name
Buyer/Borrower Signature Date Signed
Buyer/Borrower Printed Name
Settlement Agent Certification
I have reviewed the Closing Disclosure, the settlement statement, the lender's closing instructions and any and all other forms relative to the escrow funds,
including any disclosure of the Florida title insurance premiums being paid, and I agree to disburse the escrow funds in accordance with the terms of this
transaction and Florida law.
Settlement Agent Signature Date Signed
Lonnie N. Groot, Esquire 266094
Settlement Agent Name Florida License Number
Stenstrom, McIntosh, Colbert & Whigham, P.A. 59-2043167
Title Agency Holding Funds Florida License Number
Form DFS -H1-2146 (Effective 10/3/2015) 69B-186.008, F.A.C.
Closing Disclosure Amount
Florida Premium
Buyer Seller
Buyer Seller
(a) Lender's policy:
l
(b) Lender's Endorsements:
(c) Lender's Policy Total:
(d) ' Owner's policy:
N/A ;
276.00
(e) i Owner's Endorsements:
(f) Owner's Policy Total:
N/A ;
276.00
Total All Policies (c+f ):
NIA
276.00
The total dollar amount for the policies as disclosed on this form should be equal to the total premium calculated using the Florida
insurance Code. The Florida Premium amounts listed above will be used to disburse the funds from the title agency's escrow account
to Commonwealth Land Title Insurance Company and Stenstrom, McIntosh, Colbert & Whigham, P.A.
The undersigned hereby certify that they have carefully reviewed the Closing Disclosure or other settlement statement form, and
they approve and agree to the payment of all fees, costs, expenses and disbursement as reflected on the Closing Disclosure or other
settlement statement form to be paid on their behalf. We further certify that we have received a copy of the Closing Disclosure or
other settlement statement.
Seller Signature
Eric Thrushman
Seller Printed Name
Seller Signature
Seller Printed Name
Date Signed Buy orrower Siena re Dat A igned
i
Thomas George, Dpty ity Manager
Date Signed
Buyer/Borrower Printed Name
Buyer/Borrower Signature Date Signed
Buyer/Borrower Printed Name
Settlement Agent Certification
I have reviewed the Closing Disclosure, the settlement statement, the lender's closing instructions and any and all other forms relative to the escrow funds,
including any disclosure of the Florida title insurance premiums being paid, and I agree to disburse the escrow funds in accordance with the terms of this
transaction and Florida law.
Settlement Agent Signature Date Signed
Lonnie N. Groot, Esquire 266094
Settlement Agent Name Florida License Number
Stenstrom, McIntosh, Colbert & Whigham, P.A. 59-2043167
Title Agency Holding Funds Florida License Number
Form DFS -H1-2146 (Effective 10/3/2015) 69B-186.008, F.A.C.
FIRST ADDENDUM TO
CONTRACT FOR SALE OF REAL ESTATE
SELLER ERIC THRUSHMAN
BUYER CITY OF SANFORD, a Florida municipal corporation
PROPERTY: Lot (s) 71 and 72, Pine Heights, according to the map or plat thereof,
as recorded in Plat Book 3, Page(s) 51, of the Public Records of
Seminole County, Florida.
DATE AUGUST 4, 2020 nunc pro tunc to July 23, 2020
The Seller and Buyer agree to make the following terms and conditions part of the Contract
for Sale of Real Estate dated July 13, 2020 (the "Contract"):
1. The parties hereby agree that the Closing Date shall be on or before August
3, 2020.
2. Except as specifically modified herein, all other terms and conditions of the
Contract remain in full force and effect.
BUYER: CITY OF SANFORD, a Florida
municipal corporation
Attest:
By:_ -
y: --- a
-�YZJ4
Thomas Gexrge, a Deputy City
Manager
Dated: August , 2020
-00
��I/II/�t�i1!r!#uui
Traci Ro-u- -chin-, -City Clerk, MMC,'
Dated: August 'C4 2020
GY4»01cid
Eric Thrushman
Dated: August , 2020
TAX PRORATION AGREEMENT
SELLER ERIC THRUSHMAN
BUYER CITY OF SANFORD, a Florida municipal corporation
PROPERTY: Lot (s) 71 and 72, Pine Heights, according to the map or plat thereof,
as recorded in Plat Book 3, Page(s) 51, of the Public Records of
Seminole County, Florida.
DATE AUGUST 4, 2020
SELLER AND BUYER AGREE AS FOLLOWS:
1. The closing of the above transaction was on the above date.
2. The Real Estate Taxes for the current year were estimated because the tax
bill for 2020 has not been issued.
3. The Real Estate Taxes shown on the Closing Statement are an estimate
only.
4. Both parties will readjust any typographical or mathematical error in the
Closing Statement and any adjustment will be promptly paid from one party
to the other as applicable.
5. The parties agree that Seller shall be responsible for the prorated 2020 taxes
through the date of closing. Should the 2020 tax statement reflect any
additional taxes owed, this increase over the prorated share shall be the
responsibility of the Buyer.
6. The lawoffice of STENSTROM, MCINTOSH, COLBERT & WHIGHAM, P.A.
and LONNIE N. GROOT, Esquire are not responsible for any such re-
prorations, adjustments or collections and are hereby indemnified against
and held harmless from same by the undersigned Buyer and Seller.
[INTENTIONALLY LEFT BLANK]
[SIGNATURE PAGE FOLLOWS]
BUYER: CITY OF SANFORD, a Florida
municipal corporation
Attest:
By:
Thomasorge, s Deputy City
Manager ?
Dated: August 2020
[valril �11
Traci Houchin, City Clerk, MMC ', FCTiTR1
Dated: August 2020
SELLER:
Eric Thrushman
Dated: August _, 2020
I` o
Tax Proration Agreement
Page 2 of 2
CLOSING STATEMENT
SELLER ERIC THRUSHMAN
BUYER CITY OF SANFORD, a Florida municipal corporation
PROPERTY: Lot (s) 71 and 72, Pine Heights, according to the map or plat thereof,
as recorded in Plat Book 3, Page(s) 51, of the Public Records of
Seminole County, Florida.
DATE
AUGUST 4, 2020
PURCHASE PRICE: $48,000.00
Less Escrow Deposit (07/08/20): $ 500.00
TENTATIVE BALANCE DUE FROM BUYER AT CLOSING: $47,500.00
CLOSING COSTS
RECAPITULATION AS TO BUYER
Tentative balance due from Buyer at Closing
Plus Buyer's Closing Costs
TOTAL BALANCE DUE FROM BUYER AT CLOSING:
RECAPITULATION AS TO SELLER
Tentative balance due from Buyer
Plus Escrow Deposit:
Less Closing Costs:
TOTAL BALANCE DUE SELLER AT CLOSING:
$47,500.00
$ 959.50
$48,459.50
$47,500.00
$ 500.00
$ 336.00
$47,664.00
BUYER SELLER
Recording Deed
$ 18.50
Documentary Stamp Tax on Deed
$336.00
Title Search
$ 50.00
Title Insurance Premium (Owners Policy)
$276.00
Document Preparation Fee
$300.00
Settlement Fee
$300.00
Wire In Fee:
$ 15.00
TOTAL COSTS:
$959.50 $336.00
RECAPITULATION AS TO BUYER
Tentative balance due from Buyer at Closing
Plus Buyer's Closing Costs
TOTAL BALANCE DUE FROM BUYER AT CLOSING:
RECAPITULATION AS TO SELLER
Tentative balance due from Buyer
Plus Escrow Deposit:
Less Closing Costs:
TOTAL BALANCE DUE SELLER AT CLOSING:
$47,500.00
$ 959.50
$48,459.50
$47,500.00
$ 500.00
$ 336.00
$47,664.00
BUYER: CITY OF SANFORD, a Florida
municipal corporation
Attest:
By:_
Thomas 6 G ge, a� Deputy City
Manager �1——1
Dated: August 2020
SELLER:
Eric Thrushman
Dated: August _, 2020
Closing Statement
Page 2 of 2
ACKNOWLEDGMENT OF CLOSING AGENT STATUS
THIS ACKNOWLEDGMENT OF CLOSING AGENT STATUS (hereinafter referred
to as "Acknowledgment") is made by ERIC THRUSHMAN (hereinafter referred to as
"Seller") and CITY OF SANFORD, a Florida municipal corporation (hereinafter referred
to as "Buyer"). Seller is the seller and Buyer is the purchaser of certain real estate in
Seminole County, Florida, located on the east side of Palmetto Avenue, North of State
Road 46 containing 21,948 square feet, more or less, with about 118 feet of frontage along
Palmetto Avenue(hereinafter referred to as the "Property") more fully described as
follows:
Lot (s) 71 and 72, Pine Heights, according to the map or plat
thereof, as recorded in Plat Book 3, Page(s) 51, of the Public
Records of Seminole County, Florida.
(hereinafter referred to as the "Property").
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WHEREAS, Seller and Buyer have reviewed and accepted the Closing Statement
prepared in connection with the purchase of the Property and hereby authorize the law firm
of Stenstrom, McIntosh, Colbert & Whigham, P.A. to disburse the settlement funds in
accordance therewith. Seller and Buyer acknowledge that from time to time a clerical
error can occur which has an economic impact on Seller and Buyer as closing parties.
WHEREAS, as a condition to the law firm of Stenstrom, McIntosh, Colbert &
Whigham, P.A. agreeing to serve as closing agent, Seller and Buyer have entered into this
Acknowledgment.
NOW THEREFORE, in consideration of the mutual covenants and promises
contained herein, Seller and Buyer agree as follows:
1. The foregoing Recitals are true and correct and are incorporated herein by
this reference.
2. Seller and Buyer agree and acknowledge that the law firm of Stenstrom,
McIntosh, Colbert & Whigham, P.A is serving as the closing agent.
3. Seller and Buyer agree to cooperate with the law firm of Stenstrom, McIntosh,
Colbert & Whigham, P.A to correct any errors or omissions discovered after closing,
including submitting funds determined by the law firm of Stenstrom, McIntosh, Colbert &
Whigham, P.A to be due as a result of a clerical error.
4. The signature page of this Acknowledgment may be transmitted by electronic
means, and such signature page shall be deemed to be an original.
IN WITNESS WHEREOF, Seller and Buyer have signed this Acknowledgment
effective the date and year first above written.
BUYER: CITY OF SANFORD, a Florida SELLER:
municipal corporation
Attest:
By:
Thomas orge, � 6eputy City Eric Thrushman
Manager Dated: August _, 2020
Dated: August 2020
By: V YJU 44Qu-f...WNAW-j 1,CK
Traci Houchin, City Cler CRM
Dated: August
4k
r
Acknowledgment of Closing Agent Status
Page 2 of 2
RADON DISCLOSURE
RADON IS A NATURALLY OCCURRING RADIOACTIVE GAS THAT, WHEN IT
HAS ACCUMULATED IN A BUILDING IN SUFFICIENT QUANTITIES, MAY PRESENT
HEALTH RISKS TO PERSONS WHO ARE EXPOSED TO IT OVER TIME. LEVELS OF
RADON THAT EXCEED FEDERAL AND STATE GUIDELINES HAVE BEEN FOUND IN
BUILDINGS IN FLORIDA. ADDITIONAL INFORMATION REGARDING RADON AND
RADON TESTING MAY BE OBTAINED FROM YOUR COUNTY PUBLIC HEALTH UNIT.
EFFECTIVE the 4`h day of August, 2020
Executed in the presence of:
Signature of Witness #1
Printed Name of Witness #1
Signature of Witness #2
Printed Name of Witness #2
Attest:
I
Dated: Augusi i!4 2020,
Eric Thrushman
Dated: August 2020
BUYER: CITY OF SANFORD, a Florida
municipal corporation
By:
A I
01
Thomas GeoXre, as ep y City Manager
I-.,- 0' ated: August 2020
me