Epstein Palm Beach Property Sale

IN THE SUPERIOR COURT OF THE VIRGIN ISLANDS DIVISION OF ST. THOMAS AND ST. JOHN ******************************** IN THE MATTER OF THE ESTATE OF ) JEFFREY E. EPSTEIN, ) PROBATE NO. ST-19-PB-80 ) Deceased. ) ACTION FOR TESTATE __________________________________________) ADMINISTRATION NOTICE OF SALE COME NOW the Co-Executors of the Estate of Jeffrey E. Epstein (the “Estate”), DARREN K. INDYKE and RICHARD D. KAHN, and hereby file with this Honorable Court this Notice of Sale in the above captioned estate. As previously communicated to this Honorable Court, the Co-Executors negotiated the sale of property owned by Laurel, Inc. located at 358 El Brillo Way, Palm Beach, Florida 33480. The shares of Laurel, Inc., a U.S. Virgin Islands corporation, are an asset of the Estate. The closing on the transaction for the real property located at 358 El Brillo Way took place on March 11, 2021. Pursuant to the Contract of Sale, the property was sold for Eighteen Million Five Hundred Thousand Dollars ($18,500,000.00). After the payment of expenses detailed below, the net amount payable to Seller per the closing statement was Seventeen Million One Hundred Seventy-Six Thousand Eight Hundred Twenty-Two Dollars and Eighteen Cents ($17,176,822.18). The proceeds of sale were wired to the Laurel, Inc. account held at First Bank.1 The following expenses in the amount of One Million Three Hundred Twenty-Four Thousand Five Hundred Nineteen Dollars and Ninety-Nine Cents ($1,324,519.99) were paid from the proceeds at closing: 1 It should be noted that the total amount wired into the Laurel, Inc. account upon closing was Seventeen Million One Hundred Seventy-Six Thousand Eight Hundred Twenty-Two Dollars and Sixty-Eight Cents ($17,176,822.68), an amount Fifty Cents ($0.50) greater than the net amount payable to the Seller per the closing statement. Estate of Jeffrey Epstein Probate No. ST-19-PB-80 Notice of Sale Page 2 $42,510.31 Palm Beach County Tax Collector Property Taxes for 1/1/2021 through 3/11/2021 (proration based upon 2020 tax bill) $740,000.00 $370,000.00 to Corcoran Group; $370,000.00 to Lawrence A. Moens Associates, Inc. Brokerage Commission $43,325.00 Old Republic National Title Insurance Company Owner’s Title Policy (invoiced via Ward Damon PLC) $75.00 Old Republic National Title Insurance Company Title Search Fees $129,500.00 State Taxes/Deed Stamps $9.00 Simplifile E-Recording Fees $36.10 Simplifile Corporate Affidavit $126.10 Ward Damon PLC Refund Recording of Final Order $28.00 Clerk of Circuit Court & Comptroller Certified Copies of Final Orders $44.00 Simplifile Recording of Certified Copy of Final Order $46,479.43 Ward Damon PLC Attorney’s Fees $32.50 Qualia Secure Access Fee $345.00 Proplogix Municipal Lien Search Fee $236,744.62 Palm Beach County Tax Collector 2020 Property Taxes $80,264.93 Link & Rockenbach PA Attorney’s Fees (Title Matters) $5,000.00 Ward Damon PLC Escrow Holdback for Lien Searches Laurel, Inc. received a Seller’s credit in the amount of One Thousand Three Hundred Forty￾Two Dollars and Seventeen Cents ($1,342.17) for pro-rated property taxes that were paid by Laurel, Inc. prior to closing. Estate of Jeffrey Epstein Probate No. ST-19-PB-80 Notice of Sale Page 3 Attached to this notice please find the following documents: 1. Copy of Contract of Sale (EXHIBIT 1); 2. Copy of Settlement Statement (without exhibits) (EXHIBIT 2); 3. Brokerage Commission Statements (EXHIBIT 3); 4. Invoice from Old Republic National Title Insurance Company (EXHIBIT 4); 5. Letter from Ward Damon PLC (EXHIBIT 5); 6. Copy of 2020 Property Tax Bill (EXHIBIT 6); 7. Invoice from Link & Rockenbach (EXHIBIT 7); and 8. Confirmation of Wire to First Bank Account (EXHIBIT 8). Respectfully, Dated: April 6, 2021 /s/ Christopher Allen Kroblin CHRISTOPHER ALLEN KROBLIN, ESQ. SHARI N. D’ANDRADE, ESQ. MARJORIE WHALEN, ESQ. V.I. Bar Nos. 966, 1221 & R2019 KELLERHALS FERGUSON KROBLIN PLLC Royal Palms Professional Building 9053 Estate Thomas, Suite 101 St. Thomas, V.I. 00802 Telephone: (340) 779-2564 Facsimile: (888) 316-9269 Email: ckroblin@kellfer.com sdandrade@kellfer.com mwhalen@kellfer.com Estate of Jeffrey Epstein Probate No. ST-19-PB-80 Notice of Sale Page 4 CERTIFICATE OF SERVICE I HEREBY CERTIFY that on this 6th day of April 2021, I caused a true and exact copy of the foregoing Notice of Sale to be served via VIJEFS upon: John H. Benham, Esq. A. Jeffrey Weiss, Esq. Law Office of John H. Benham, P.C. A.J. Weiss & Associates john@benhamlawvi.com jeffweiss@weisslaw-vi.net Douglas B. Chanco, Esq. Sean Foster, Esq. Chanco Schiffer P.C. Marjorie Rawls Roberts, P.C. doug@csfirm.com sean@marjorierobertspc.com Richard Bourne-Vanneck, Esq. John K. Dema, Esq. Law Offices of Richard P. Bourne-Vanneck, Esq. Law Offices of John K. Dema richard@rpbvlawoffices.com jdema@demalaw.com Kevin F. D’Amour, Esq. Rosalie Simmonds Ballentine, Esq.Gaylin Vogel, Esq. Rosalie Simmonds Ballentine, P.C. Law Offices of Kevin F. D’Amour, P.C. roselaw@viaccess.net kevin.damour@comcast.net gaylin.vogel@comcast.net Sigrid Stone McCawley, Esq. David Boies, Esq. Melody D. Westfall, Esq. Joshua I. Schiller, Esq. Westfall Law PLLC Boies Schiller Flexner LLP mwestfall@westfalllaw.com smmcawley@bsfllp.com dboies@bsfllp.com Denise N. George, Esq. jlschiller@bsfllp.com Ariel M. Smith, Esq. Carol Thomas-Jacobs, Esq. J. Russell B. Pate, Esq. Virgin Islands Department of Justice The Pate Law Firm denise.george@doj.vi.gov pate@sunlawvi.com ariel.smith@doj.vi.gov carol.jacobs@doj.vi.gov /s/ Christopher Allen Kroblin EXHIBIT 1 bowSign Envelape lD mew“ zauswmaz 24aa1w2tzD 53 5 EXTENSION OF CLOSING DATE 54 (a) If Paragraph SM is checked and Closing funds from Buyers ienderis) are not available an Closing Date due 55 in Consumer Financial Pmtaclion Bureau Closing Disclosure delivery requirements [CFPB Requirements ) 56 then Closing Date shall be extended for such period necessary to satisfy CFPE Requirements provided such 57 period shall not eXGeed 10 days 58 (1:) ii an eveni constituting "Force Majeure causes services essential for Closing in be unavailable including the 55 unavailability at uliiitles ar usuence oi hazard. wind flood or homeowners' insurance Closing Dale shall be 60 axlended as provided in STANDARD 6 s1 6 OCCUPANCY AND POSSESSION 62 (a) Unless the box in Paragraph am) is checked Selle: shall at closing deliver occupancy and possession of me 63 Propeny to Buyer has of tenants occupants and future tenanoles Also, at Closing Seller shall have vemoved 54 all personal items and trash from the Property and shall deliver all keys garage door Opener; access devices 65 and codes as applicable in Buyer if occupancy ls to be delivered befom Closing, Buyer assumes all risks of 55 loss to the Property from date at cmapancy, shall be responsible and liable for maintsnance from inst dale s7 and shall be deemed to have accepled the Property in its existing condition as of time of taking occupancy 66 (b) D CHECK IF PROPERTY IS SUBJECT TO LEASEiS) 0R OCCUPANCY AFTER CLOSING if Property Is 59 subject to a Iesse(s) after Closing oris intended lo be rented or occupied by third parties beyond Closing the 70 facts and (arms theme! shall be disclosed in writing by Seller In Buyer and copies of (he written lease(s) shall 71 be delivered Io Buyer all within 5 days after Eflacfiva Date ii Buyer determines in Buyer‘s sole discretion that 72 the lease(s) or (arms of occupancy are noi assemble la Buyer Buyer may tenninata lhis Comma by delivery 73 mi written native of such election to Seller within 5 days afler receipt of the above Items from Seller and Buyer 74 shall be refunded the Deposit thereby releasing Buyer and Seller from all iurthar obligations under this Contract 75 Estoppel Letter(s) and Sellers amdavn shall be provided pursuant to STANDARD D If Property is intended in 76 be occupied by Seller aher Closing see Rider U POST CLOSING OCCUPANCY BY SELLER 77 7 ASSIGNABILITY (CHECK ONE) Buyer IX] may assign and ihereby be released from any further liability under i5 * this Contract Erna}! assign but not be released from liability under this Contract or [jmay not assign this 78 Conlracl so FINANCING Bi 8 FINANCiNG 32 (a) Buyer will pay cash for me purchase of the Prupeny at Closing There is no financing wniingency to Buyers 83 obligaiiun to close If Buyer obtains a loan for any part of the Purchase Price of (he Frapany Buyer acknowledges 84 that any terms and conditions imposed by Buyer‘s Iender(s) or by CFPB Requiremanis shall not affect or exiend 55 file Buyer’s obligation to close or niherwlse afiecl any terms or conditions at this Canned 36 ’ L103) This Connect is mntingem upon Buyer obtainan approval oi a [loonvenfiunal D FHA El VA or D other 37 (describe) ldanwllhin (ii left blank then 30) days aim Efiectlvs Date ( Luan Approval as Period") for (CHECK ONE) [Mixed a adjustable Dflxed or adjustable tale in the Loan Amount ($92 Paragraph 89 " 2(a)) at an initial lntersstrate no! to exceed % (ii int! blank then prevailing rate based upon Buyer 5 50 ‘ creditworihlness) and for a term of (a iefl blank, lhen 30) years ( Financing ) 91 (1) Buyer shall maks mortgage loan appliceilon tor the Finandng within (if left blank then 5) days 92 afier Effective Daie and use gnod {elm and diligent silo" lo obisin approval of a loan meeanu me Financing [arms 93 ( Loan Approval") and «weakens close this Contract Loan Approval which requires a condition related in the sale 94 by Buyer of other property shall nut be deemed Loan Approval for purposes oithls subparagraph 95 Buyafs failure to use diligent effort to obtain Loan Approval during the Loan Approval Period shall be considered a 96 default under me terms 01 this Connect Fer putposes of this provision. diligenl effort” includes but is nm limiied 97 la nmer furnishing all documents and information and paying at all less and charges requesied by Buyer: 95 mortgage bicker and lender in connection with Buyer‘s mortgage loan application 59 (ll) Buyer shall keep Seller and Broker iuliy informed about ihe status a! Buyefs mortgage loan application 100 Loan Approval and loan processing and authorizes Buyets mangage broker lender. and Closing Agent to disclose 101 such status and pragress and release preliminary and finally execulsd closing disclosures and seltlemeni ‘lOZ slatements, to Seller and Broker 103 (ill) Upon Buyer obtaining Loan Approval Buyer shall promptly deliverwriiten notice of such approval to Seller 104 (iv) ii Buyer is unable m obtain Loan Approval atier the exercise of diligent short then at any urns prior in 105 expiration of the Loan Apprcval Period, Buyer may prams written notice lo Seller stating that Buyer has been i06 unable to uhmin Loan Approval and has elected tn either. 107 {1) waive Loan Approval in which eveni this Contract will commue as if Loan Approval had been ubialned Cir 105 laminate this Contact Buyers inillel Mi Page 2 0712 Seilel‘s mats Wt FIondaRsmcrsIFi 36x Revmsmtm Flam Wandm Rum Bar :1 mm mama mmqumnbymLoflx mm m.“ mam nu. mailman“ Wm mllavmW-v Do uSIgn Envslupe ID 4512641” EDEASEF-ASAIJABHHNZ‘ZD 109 (v) if Buyer (alia to timely del‘rver either natice provided in Paragraph B(inii) 0r (iv) above [a Seller prior lo 110 expiration of the Loan Appmval Penod, (ham Loan Approval shall be damned walvad In which even! his Contract 111 wlil comma as if Loan Approval had been abtained provided however Seller may eiect [a tenninaie tins Contract 112 by deiiverlnu written name to Buyer within 3 days after explrallon Dime Loan Approval Period 113 (vi) if this Contract Is mew terminated as pmvldad by Paragraph a(b)(N)(2) or (v) above and Buyer Is not in 114 default under the terms of this Contract Buyer shall be refunded the Deposit hereby releasing Buyer and Seiler 115 from all further obligations underthls Comm 119 (vii) if Loan Appruval has been obmlned. o1 deemed to have baen obtalned as provided above and Buyer 117 fails Io close this Contract then me Deposil shall be paid (a Selim unless {allure [a close is due (a (1) Seller‘s 11a defaull or Inability to sailsfy other conflngencles 0111115 Contract; (2) Property related mnditians a! the Loan Approval 119 have not been me| (excepiwhen such conditions an: waived by other provisions of thls Contract) or (3) appraisal 120 of the Pmparty obtained by Buyefa lander is insmficientto meet terms ofthe Luau Approval in which event(s)1he 121 Buyer shall be refunded (he Degas" thereby releasing Buyer and Ssiiar (ram all furiher obligations under this 122 Canvas! 125 ' E (c) Assumpiion of existing mortgage (see rider for terms) 124 ‘ i (d) Purchase money nae and mortgage to Seller (see riders. addenda or special clauses fartermsL 12$ CLOSING COSTS. FEES AND CHARGES 26 9 CLOSING COSTS TITLE INSURANCE SURVEY HOME WARRANTV SPECIAL ASSESSMENTS 127 (a) COSTS TO BE PAID BY SELLER 125 - Documentary stamp 12x35 and sunax on daed if any HONCondominium Asmlatian estoppel fees 129 - Owners Policy and Charges (1f Paragraph 9(6) (1) is ChEGkad) Recording and mber lees needed to cure due ‘30 Title search charges a! Paragraph 9(0) (Ill) Is checked) swag; ammeys lees m Muniapal lien search (If Paragraph 9(a) (i) or (Iii) is checked) Other 132 if prior to Closing Selim Is unabie to meet me AS 15 Maintenance Requirement as required by Paragraph 11 133 a sum equal (a 125% of estimated costs to mee1lhe AS Is Maintenance Requiremam shall be escmwed at 134 Closing If actual casts to meet the AS 13 Malntenance Requirement exceed GWGamouni. Seller shall pay 135 such anus! costs Any unused pomon of assumed amnunl(s) shail be returned m Salier 135 (11% COSTS TO BE PAID BY BUYER 137 axes and ramming fees on hates and mortgages Loan expenses 1355 Recordan fees fm- deed and financing statements - Appraisal fees 139 Owners Policy and Charges (6 Paragraph 903W) is checked) Buyer's Inspections 140 Survey (and alavanon Dealficakion Wrequired) . Buyer's anumeys fees 1“ Lender's me policy and endorsements - All property related1nsumnce 142 HONCondcmlnium Association applicationliransfar lees Owners Policy Premium (11 Paragraph «43 Municipal Hen search (if Paragraph B(c) (11) Is chacked) 9 (c) (m) 15 checked ) 114 Other 145 (5) TITLE EWDENCE AND lNSURANCE A! Teas! 1L (if lefl blank then 15 or If Paragraph 818) Is checked 141; then 5) days prior to Cleans] Dane (”fine Evidence Deadiina ) a 1an insurance commitmem usned by a Florida 147 licensed title Insurer With ieglhle copies o1 instruments listed as axcaptions attached thereto ('Tl'le 148 Commnmenf') and after Closing an awnefs pulley of title insurance (see STANDARD A for (ems) shall be 1459 obtained and dalivared to Buyer Ii Sonar has an uwner‘s policy of (ma Insumruoe cowering the Real Propeny a 150 copy shall be furnished to Buyer and Closing Agent wimln 5 days after Emmive Dale The awnafs «1112 policy 151 premium We search and dosing services (collectwely Owner‘s Policy and Charges”) shall be paid as am 152 form below The 11118 insurance premium charges in! the owneI’s pollcy and any lenders policy will he calculakad 1:13 and alluCated in awwdanca with Florida law but may be renamed difierentiy an osnair: federally mandated 154 closing disclosures and other dosing documents For purposes ofthis Comma municipal lien search means a 155 search of records necessary 10: the W5policy of 1111a insurance to be Issued wimout exceptlon for unrecumied 156 liens imposed pursuant 11: Chapter: 159 nr 170 F S in favar of any govammamai body summits! or agency 157 (CHECK ONE) 158 K (i) Selle! shall designate closing Agent and pay hr Owner's Policy and Charges and Buyer shall pay the 169 premium for Buyers lenders pnlicy and charges lor doslng servlcss raiaiEd to the lenders policy 150 endorsemenis and loan dusing which amounts shall he paid by Buyer to Closing Agani or such other 161 prowdems) as Buyer mnyselecl or 152 3 (ii) Buyer shall designate Closing Agent and pay ior Owners Policy and Charges and charges ior closing ‘Sd servifajngelated m Buyer's lenders policy endmsemants and loan closing or Buyer‘s Imam;t M2 Page a of 12 saws 11:11:11; 1pm FiensaRsuwFiervmm-hmssx Mums: 2017 Haida RM“11: Mason A11 rim: mum: WmMmMflme 1am Flinn Min Rs”. km HiEM-Im WWW 15! ll 'finCle DccuSign Envilupe 11: 45cm“ 2305-4525-1134: 1453135424213 164 D (iii) [MIAMI-DADEIEROWARD REGIONAL PROMION] Salter shall furnish a copy 01 a prior W5pofiCy 155 Bf title insurance or omer evidence 01 title and pay fees For (A) a mnflnuanon or update of such title evidence 166 which Is acceptable 10 Buyers We insurance undemritar for reissue of coverage (3) tax search and (c) 167 municipai lien search EuyershaJi obtain and pay 1m post~C|asing continuation and premium far Buyers owners 168 policy and if sppiicable Buyers lenders poiicy Seller shall not be obiigalad 10 pay more than S 168 (if lefl blank than $200 09310! abstract continuaklon or 11115 55er?! nrdered or perfumed by Closihg Agent 170 (d) SURVEY On or befits hie Evidence Deadline Buyer may at Buyers expense have 1115 Rem Property 17 surveyed and certified by a registered Florida surveyor ( Survey") if Seller has a survey covering the Real 172 Property a copy 5113" be mmished to Buyer and Closin Agent within 5 days after Effective Date 173 (6) HOME WARRANTY Ateloslng DBuyer USelier [YEN/A shall pay for a home warranty plan issued by 1‘4 at a cost nut to exceed 5 A home 175 warranty plan provides for repair or replacement of many 01 a home’s mechanical systems and major built In 176 appliances in the avenmf breakdewn due 10 normal wear and war during the agreement's watramy perm: 177 (1) SPECIAL ASSESSMENTS A1Ciosing Seller shall pay. (7) the 1u|i amount 01 Hens imposed by a public body 178 ( public body does not meme 2 Condominium or Homeowners Associatxmfihat are cenified confirmed and 17s named before closing and (ii) the amount of the public hows most recent estimate or assessment [or an 150 Improvement which is substantially cnmpieia as of Effective Date but that has not resulted In a lien being 151 imposed an the Property before closing Buyer shall pay ali other assessmems Ii special assessments may 152 be paid in installments {CHECK ONE) 183 C15) Saller aha” pay lnstailmenis due prior to Ciosing and Buyer shall pay instailmenls due after Ciosing 184 Installmenls prepaid or due (or the year of Closing shall be growled 18:; [216» Seller shall pay me assessmen115) in MI prior to or at the time 016mm 166 IF NEITHER BOX IS CHECKED THEN OPTiON (a) SHALL BE DEEMED SELECTED 187 This Paragraph 9“) shall not apply to a sperm benefit tax lien imposed by a oommunlty development district 188 (ODD) pursuant 00 Chapter 190 F S which lien shall be prorated pursuantto STANDARD K 189 DISCLOSURES 190 1D DISCLOSURES 151 (a) “DON GAS Radon is a naturalry occumng radiuacilve gas that when 11 Is accumulated in a building In 194 sufficient quantities may present hssith risks to persons who are exposed ta rt aver iime Lawns of radon ihai 193 exceed isderal and state guidelines have been found in buildings in Florida Additionai information regarding 154 radan and radon testing may beentalned 1mm your county health department 195 (b) PERMITS DISCLOSURE Pimp! as may have been disclosed by salient: Buyer in a written disclosure Seller 196 does not know 01 any Impmvemsms made to ma Property which were mafia without mqulrsd permits or made 197 pursuant to permits which have not been pmpeny closed if Seiler identifies permits whim have not been 188 properly closed or irnpmvemanw which were not psrmimad than Seller shall pmmptiy daiivena Buyer all pians 1951 written documemaliun or 011m inlormahon in Selle“ possession, Knowledge or control relating tn 200 improvements to the Propeny which are “subject of such open permits or unpermmed improvements 201 (c) MOLD M0111! is naturalry occumng and may cause health risks or damage 10 pmparty if Buyer is mummed or 202 desires addi1ional Information regarding mold Buyer should canted an appropriate professional 203 (d) FLOOD ZONE, ELEVATION cERTIFlCAmN Buyer is advlsed to verify by elevation 0911111681: which [load 204 zone the Property is in whether flood insurance is required by Buyer‘s lender, and what restrictions apply [a 205 impvuving the Property and rebuilding in the event of casualty If Property Is In a ‘Speciai Flood Hazard Area 206 or Coaslai Samar RESOW Act" designalad area 01' otherwise protected araaldsnllfied w the U 8 Fish and 2117 Wildlife Service under the Coastal Barrier Resoumes Act and the lowest floor eievahon tor the buildingm and/or 208 flood insurance raiing purposes is below minimum flood eievafion or is lnsiigible ior flood insurance wyerage 209 mmugh the National Flood Insurance ngram or private flood Insurance as defined in 42 U S C 54012;: Buyer 210 may minute nus Contract by delivering written notice In Ssiier within 20 (if 1% blank then 20) days any 21‘ Effective Date and Buyer shall be reiunded the Deposit thereby releasing Buyer and Serum from ail funnel 212 obligations under this Comma faiilng which Buyer accepts existing eievalion of buildings and flood zone 213 designation of Pmparty The Nahum! Flood lnsuranca Program may assess additional lees or adjust premiums 214 107 pie Flood insurance Rats Map (pie FIRM) non primary structures (minimum structures in which 171a insured 215 or spouse does not reside far 31 least 50% of 1h: yoar) and an elevation certificate may be required for actuarial 216 rating 217 (e) ENERGV BROCHURE Buyer ackncwledges receipt 01 Fionda Energy Efficiency Rating Information Brochure 41a requy‘fedzby Semen 553 986 F S Buyer‘s inmal§ Mi F5954 1:712 Selim lnlllals M Fimmalmm-afiiS-ax Humanism museumsan mmam Anny»: mama PMImedeluF-fllflbyivth 1am Witnth raw MmMI W Isl ulrul-W-y DneuSlgn Erwalape In AECfiflASvZBDE-dsEF A342 2488133424217 215 (1) LEAD BASED PAINT If Property Includes pre 1978 residentiai housing a had based paint dbsclosure Is 220 mandatory 22‘ (g) HOMEOWNERS ASSOCIA‘HONICOMMUNITY NSCLOSURE BUYER SHOULD NOT EXECUTE THIS 222 CONTRACT UNTIL BUYER HAS RECEIVED AND READ THE HOMEOWNERS 223 ASSOCIATIONYCOMMUNITY DISCLOSURE IF APPLICABLE 224 (h) PROPERTY TAX DISCLOSURE SUMMARY BUYER SHOULD NOT RELY ON THE SELLER 5 CURRENT 223 PROPERTY TAXES AS THE AMOUNT OF PROPERTY TAXES THAT THE BUYER MAY BE OBLIGATED TO 226 PAY IN THE YEAR SUESEQUENT TO PURCHASE A CHANGE OF OWNERSHIP OR PROPERTY 227 IMPROVEMENTS TRIGGERS REASSESSMENTS OF THE PROPERTY THAT COULD RESULT IN HIGHER 42a PROPERTY TAXES IF YOU HAVE ANY QUESTIONS CONCERNING VALUATION CONTACT THE 229 COUNTY PROPERT‘I APPRAISERS OFFlCE FOR INFORMATION ”'30 (l) FOREIGN INVESTMENT W‘REAL PROPERTY TAX MST ( FIRPTA") Sahar‘ShaLl Inform Buyer in wnfing If 231 Seller 5 a 'fnreign person as defined by (he Foreign Inveslment in Real Property Tax Act (“F(RPTA) Buyer 232 and Seller shah com” with FIRPTA whzch may requlre Seller In provide additional cash af Closing Ii Seller 233 is not a foreign person“ Seller can pravlda Buys! at or prior lo Chasing a cemficaflan of non foreign status 234 under penalties of perjury :0 Inform Buyer and Closing Agent mat nu wnhhnld|ng is rammed See STANDARD 235 V Var (unher inflammation pertaining to FIRPTA Buyer and Selim are advised (9 seek legal wunsel and bx 236 advice regarding their respective rights. obllgmions reponlng and Withholding requiremen‘s pursuant to 287 FIRPTA 238 Q) SELLER DISCLOSURE Sew know: u! no fads materially aflecflng the value of the Real Prupeny which are 239 no! readfly observable and WhSCh have not been disclosed (a Buyer Except as pmvldad hr in the preceding 240 senience Seller extends and intends no warranty and makes nu representation at any type, either express ar 241 implled as to the physical wndttian or history of me Property Except as otherwise dlsdosed 1n writing Seller 242 has received no written or verbal no‘ice from any governmental enllty or agency as to a currently uncorrected 243 bui1d|ng environman‘al or saiefly code vlclal‘on 244 FROPER‘YY MAWENANCE CONDITION INSPECTIONS AND EXAMINATIONS 245 11 PROPERTY MAINTENANCE Except for ordinary wear and tear and Casually Loss Seller shall maimain the 246 Progeny including but not I(mlted to. lawn shmbbery and pool In the condition exlsnng as of Efieckive Date ( AS 247 \S Maimenanoe Requiremenf') 24a 12 PROPERTY INSPECTION RIGHT TO CANCEL Ir “9 249 (a) PROPERTY mspecnous AND RIGHT To CANCEL Buyer shall have anus {waft blank men 15) M 250 days after Effective Data (‘InspsctIon Period") within which to have such inspections of the Property 251 performed as Buyer shall desire during the Inspection Period II Buyer determines In Buyers sale 252 discretion, that (ha Prapeny is not acceptable ac Buyer, Buyer may lemu‘natg nus Canaan! by delivering 251 written notice of such emuon to Seller prior to explmaan cf Inspection Period If Euyer timely 254 terminate: this Contract the Deposit paid shall be rammed to Buyer (heraupnn Buyer and Seller shall 255 be released of all rumor obligalinns under rhis Contract, nawevsr, Buyer shall be responsmla for 256 prompt payment jar such Inspections, for repair a! damage to, and mstnraflon of. the Pmpelty awning 257 from such Inspections and shall provide Seller with paid recaps for all work done an the Franny (the 258 preceding provision shall survive termination of this Contract) Unless Buyer exalclses the ugh: to 259 formulate granted herein, Buyer accepts the physical cnndltlan of the Pmperfy and any violation al 260 governmental. building, environmental. and safety codes, rostrictlons, or requiremenls, but sumac: ta 261 Seller's continumg AS IS Mnintlnance Requirement, and Buyer shall be responsible {or any and all 262 repairs and Improvements required by Buyers lender 263 (b) WALK THROUGH msPEchoN/RB-INSPECTION On the day prior to Clnsmg Date or on Clams Data prim 264 (0 “me 0! Closing as apacified by Buyer, Buyer or Buyers represemative may perfurm a walk through (and 265 fallow up walk through if necessaly) Inspectlcn of the Propsny solely m confirm that all Items 0! Personal 266 Property are on me Property and lo vsnfy that Sensr has mamtainad the Property as required by the AS IS 267 Maintenanca Requirement and has met a" other connactum abllganons 268 (c) SELLER ASSISTANCE AND COOPERATION IN CLOSEOUT OF BUILDING PERMITS If Buyers inspechon 269 of the Progeny identifies open or needed buxld‘ng pawns than Seller shall promptly'gemeHe-W 2-19 214 97.2 213 “ff “close all open pennlts pm (a closing Buyer‘s lulha Page 5 or 12 $ellev‘s4nilials fl mmmwmmmw Rwemmznn mmmmmnormals” Allnphlwmmd Wuuuwumwfipwu mmmmm rmruwwnme W mum.” Docuslgn Envelope VD ABGE4lA9~28DE45EF~AJAZ 248575342420 4% 2% 274 WW BMW 277 (d) ASSIGNMENT OF REPAIR AND TREATMENT CONTRACTS AND WARRANTIES AI Buyer's optlon and 273 cost Seller will at closlng assign all assignable mpail’ treatment and maintenance contracts and wavrantles 279 ta Buyer 280 ESCROW AGENT AND BROKER 231 13 ESCROW AGENT Any closing Agent or Escrow Agent (collectively Agent) racewlng the Deposit other lunds 282 and other items is authorized and agrees by awemance of them In deposlt them promptly hold same in escrow 283 withln the State of Flan‘da and aubjectto COLLEC‘nON disburse them In accordance with terms and condltlons 234 of this Contract Failure 0f funds lo become COLLECTED shall not excuse Buyers performance When conflicting 285 demands for the Deposit are received arAgenl has a good lalth doubl as to entitlement to the Deposit Agent may 286 take such actions permltted by this Paragraph 13 as Agent deems advisable if in doubt as to Agents duties or 237 liabllitles under this Contra: Agent may at Agent‘s opllon continue lo hold the subject matter of the escraw untll 258 the parties agree to its disbumemaht or until a final judgment m a court of competanl Jurisdlcllon shall determlna 259 the rights a! the parties or Agent may deposit same wllh the clerk at the circult court having Jurisdicllou ol the 290 dispute An ammey who represents a party and also acts as Agent may represent such parly In such action Upon 291 notifying all pflmas mncamad 01 such antler! all liability on the part 0! AanI shall fully termlnate except to the 192 extent of amounting for any items praviuusly delivered out oi escrow if a licensed real estate maker Agent will 293 comply with provisionsofchemar 475 F S as amended and FREC rules in umely resolve escrow dlspmes lhnough 294 mediation arbitration interpieaéernr an escrow disbursement order 295 In any proceeding between Buyar and Sellerwherein Agent is made a party because of acting as Agent hereunder 295 m in any proceeding where Agent lnterpleads the subject matter uf the escruw Agent shall recover reasunable 287 attorneys fees and costs innuned ta be paid pursuantto court order out 01 the escmwed funds or equlvalent Agent 298 shall not be liable lo any party or person for misdelivery 0f any escrowed Items. unless such ml: delivery is due tn 759 Agents willful breach of this Contact or Agent’s gruss negligence Thls Paragraph 15 shall survive Closing or 300 lamination of this Contract 3m 14 PROFESSIONAL ADVICE BROKER LIAEILITY Broker advises Buyer and Seller to verify Property condltion aOZ square laotage and all other lasts and representatlons made pursuant to this Contract and to consult appropriate 303 professionals for legal tax environmental and other speciallzed advice concaming matters affectmg the Property 304 and the transaction camsmplated by lhls Contract Broker represents tn Buyer that Bruker does not reside on the 305 Property and that all representations (oral wnlten or otherwise) by Broker are based on Seller representations or 306 public records BUYER AGREES TO RELY SOLELY ON SELLER PROEEsleNAL INSPECTORS AND 307 GOVERNMENTAL AGENCIES FOR VERIFICATION OF PROPERTY CONDITION SQUARE FOOTAGE AND 305 FACTS THAT MATERIALLV AFFECT PROPERTY VALUE AND NOT ON THE REPREsENTATIONS {ORAL 305 WRITTEN OR OTHERWISE) 0F BROKER Buyer and Seller (individually the lndemnilying Party ) each 310 lndlvldually tndemnll'ias holds harmless and releases Broker and Brokers oficerra directors. agean and 3H emplayees from all Ilahlllty Var loss or damage including all costs and expenses and reasonable atlameys lees at 312 all levels, suffered or incurred by Broker and Brokers amoers dlreclara agents and employeas in connection with 313 m arising lmm claims demands or causes of salon Instituth by Buyer or Seller based on (i) inaccuracy of :14 information pmvided by the Indemnifylng Party or from public records (ii) Indemnifying Partys mlsstalement(s) or 315 failure to perform contractual abligations (hi) Broker‘s performance at Indamnllylng Party's request. a any task 315 beyand lhe scope of servlces rammed by Chapter 475 F S as amended including Broker's referral 317 resummandatlon or retenuon of any vendor tor or on behalf cl Indemnifying Party (w) products or services 318 provided by any such vendorfnr, or an behalfof lndemnlfylng Party and (v) expenses incurred by any such vendor 319 Buyer and Seller fich assumes full responsibility for selecting and compansailng thalr respecllvs vendors and 320 paying lhelr other costs under this Contract whether or not lhts transaction closes This Paragraph 14 wlll not relieve 321 Broker at statutory abllgatlans under Chapter 475 F S as amended For purposes of this Paragraph ta, Broke! 322 will be trealad as a pany to lhls Contract This Paragraph 14 shall survive Closing or tormlnallon of this Contract 323 DEFAULT AND DISPUTE RESOLUTION 324 15 DEFAULT 325 (a) BUYER DEFAULT lf Buyer fails neglecls or refuses ta perfurm Buyer's obligatlons under this Csntract 326 including payment of the Deans" wllhin the umels) specified Seller may elect ta recover and retain the Deposit 32/ for the account 01 Seller as agreed upon liquidated damages canaldaralion far exacuticn of this Contract, and 32a In iu mam cl any claims whereupon Buyer and Seller shall be relieved from all further obligations under Buyers lnlhal Mi Page e n! 12 Sellei‘slmtlala M mmmmmmsax amehwwwnm: WandmFlorida Bar AI um mama mmwmnlarmayw minimum maul Mar Wanna Wm Jumme-y DocuSlgn Envelope i0 436M1AB~25DE—45EF A342 24837694242D 329 this Contract 330 WowThe portion 01 the Deposit it any pain! to Listing Broker upon default by Buyer shall 331 be split equally between Listing Broker and Cuopemtlng Broker, provided hnwevsr Cooperating Brokers share 332 shall not be greater than the mmmlulon amount Listing Emker had agreed to pay to Cooperating Brewer 333 (b) SELLER DEFAULT If for any reasm other than failure of Seller to make Sellet’s title marketable alter 334 reasonable diligent 5mm Seller tails neglects or refuses tn perform Sellefs obligatlans under this Contract 335 Buyer may elect ta receive return of Buyer‘s Deposit without thereby waivlng any actinn for damages resulting 335 from Seller’s breach and pursuant to Paragraph 16, may seek to recover such damages or seek specific 337 perfomance 535 This Paragraph 15 shall survive Closlng or termlnaflon of this Contract 339 16 DISPUTE RESOLUTION Unresolved controversies clams and other matters in question between Buyer and 340 Seller anslng out or or relating 19 thls Contract or Rs breach, enforcement or Interpretatinn (“Dispute )wlil he settled 341 as Vollnws 3:02 (a) Buyer and Seller will have 10 days after the date conflicting demands for the Deposlt are made to attempt to 343 resolve such Dispute, felling which Buyer and Seller shalt submit such Dispute to mediation under Paragraph 344 16(1)) e45 (b) Buyer and Seller shall attempt to settle Disputes in an amicabie manner thraugh mediation pursuantto Florida 045 Rules lat Certified and Court Appointed Mediators and Chapter 44 F S as amended (the Mediation Rules ) 347 The medialur must be cathfied or must have experience in the real estate industry Inlummve relief may be 348 suughtwithout first mmpiying with this Paragraph 169:) Disputes not settled pursuant to this Paragraph 16 349 may be resolved by trimming action In the appropriate court having Junsdlch‘on u! the matter Thls Paragraph 350 16 shall survive Closing or termination of thls Contract 351 17 ATTORNEYS FEES COSTS The parties will split equally any mediation fee lncuvred in any mediation permitted 352 by this Contract and each party will pay their own costs expenses and fees including attamey's fees incurred in 353 conductlng the madman In any lingauon permitted by this Centred. the ptevalllng party shall be entitled to recovy 354 from he nnn<prevailing party costs and (see Including reasonable anomaya fees incurred in conducting the 355 litlgatlon This Paragraph 17 shall survive closing orterrnlnatlon oi this Cantmct 356 STANDARDS FOR REAL ESTATE TRANSACTIONS ( STANDARDS") 357 18 STANDARDS 358 A TITLE 359 (l) TITLE EVIDENCE; RESTRICTIONS, EASEMENTS LlMlTATIONS Within the time pelted provided in 360 Paragraph 9(a), the Title Commitment with legible copies of instruments listed as exceptmns attached mate, shall 361 be issued and delivered to Buyer The Title Commitment shalt set tom those matters to be discharged by Seller at 552 or before Closing and shall prawns that upon ramming a! the deed to Buyer an owners policy a! title Insurance 363 in the amount of the Purchase Price shall be issued to Buyer insuring Buyer's marketable title to the Real Property 364 subject only to the following matters (a) comprehensive land use plans zoning and other land use restrictions J65 prohib lions and requirements Imposed by govemmentai authority (b) rashlctlons and matters appeanng on the 366 Flat or atherwlse common In the subdivision (a) outstanding all gas and mineral nghls of record wheat right mi 367 entry (:5) unplatted public utllity easements of record (lanted contiguous ta real prnperty llnes and not more than 368 10 feet In width as to rear or front lines and 7 1/2 feet in width as to side lines) (6) taxes for year 01 Closing and 3w subsequent years and (f) assumed murtgages and purchase money mangages if any (if additional items. attach 37a addendum) provided that none prevent use of Property for RESIDENTIAL PURPOSES l} there exists at Closing 371 any woman of items identified in (h) (ft above then the same shall be deemed a title defect Marketable title shall :12 be determined according to applicable Title Standards adopted by authority of The Florida Bar and In accomance 373 with law 374 (ii) TITLE EXAMINATION Buyer shall have 5 days after receipt of We Commitmenttc examine it and now Seller 375 in writing specifying defect(s) if any that render title unmarketable it Seller pmvides Title Commitment and It is 375 delivered to Buyer less than 5 days pdar tn Closing Date Buyer may extend Clasing for up to 5 days afler date of 377 receipt to examine same in accordance with this STANDARD A Seller shall have 30 days ( Cure Period ) after 378 recelpt 01 Buyer‘s notice to take reasonable diligent efforts to remove defects it Buyer fails to so Milly Seller Buyer 379 shall be deemed to have accepted title as it then ls l1 Seller cures defeats Within Cure Period Seller will deliver 330 written notice to Buyer (with proof of cure acceptable in Buyer and Buyer‘s attorney) and the parties will class this 351 Contract en Closing Date (er N Closing Data has passed within 10 days after Buyers receipt of Sellers notice) If 332 Seller is unable ta cure defects withln Cute Period then Buyer may, wlthin 5 days after expiration of Cure Period as Buyers Initialg'm'é Page 7 M12 Sellers Inluals M FlDrlHIRAallmIFln mmissx mangemwFlam mewand mmmm Al rum: Mum mmmmfimww mam mun WI Rm Mu! mmlqmm. WW“. :5: u mum. Dccualgn Envelope u) 4achs 2505.453 Auz-MMaa-tztzn STANDARDS FOR REL ESTATE TRANSACTIONS ( STANDARDS ) CONTINUED ass dellver written homes to Seller (a) extending Cure Period fora specified period not to exceed 120 days within which 334 Seller shall continue to use reasonable diligent atturt to remove or cure the defects ( Extended Cure Period ) or 385 (b) electing to accept title with existing detects and close this Contract on Closing Date (or ti Clostng Date has 386 passed wlthln the earlier of 10 days atter end at Extended Cure Period or Buyers recettat ct Seller‘s notice) or (c) 357 electing to terminatn thls Contract and receive a refund 01 the Deposlt thereby releasing Buyer and Seller from all 368 further ohtigallan: under thls Contract It atter reasonable diligent effort Seller is unable to tlmeiy cum defects and 359 Buyer does not waive the detects. this Contract shall terminate. and Buyer shall recelve a return! orthe Deposit 3530 thereby releasing Buyer and Seller (mm all tunhar obligations under thls Contract 391 E SURVEY tf Survey dlsclasas anemaChments on the Real Properly or that improvements located thereon 392 encroach on setback lines, easements or lands 0! others or vlelate any restrictions covenants or applicable 393 gnvemmentat regulations described in SfANDARD A (I)(a) (b) or (d) above Buyer shall deliver written notlce of 394 such matters tugsthar with a copy at Survey to Seller within 5 days after Buyers receipt of Survey but no later 395 than Closing It Buyer timely delivers such notice and Survey to Seller such matters identlfiad in the notice and 395 Survey shalt cunstltute a title defect sublect to cure obligations cl STANDARD A above if Seller has delivered a 397 prior survey, Seller shalt, at Buyer's request execute an aflidavit at no change to the Real Property since the 3% preparation of such prior suwey to the extent the affirmations therein are true and correct. 399 C iNGREss AND EGREss Seller represents that there ls Ingrass and egress to the Real Property and title to 400 the Raal Property is insurable in accordance with STANDARD A without exception for leak at legal right 01 amass 401 D LEASE INFORMATION Seller shall at least to days prior tn Chafing lurnlsh to Buyer estoppel letters from 402 tenanitsyuocupanus) specifying nature and duratmn of occupancy rental rates advanced rent and security 403 depusits paid by tenant(sl or occupanttslt Estoppel Letterts) ) If Selim is unable to obtain such Estoppel Letter(s) 404 the same intannation shall ha furnished by Seller to Buyer mhin that time period in the form cl 6 Seller‘s affidale 405 and Buyer may thereafter contact tansntts) or occupantts) to confirm such inturmatlun It Estoppel Letter(s) nr 405 Sellefs affidavit ll any, differ matertally from Sellei‘s representations and leasets) pruvlded pursuant to Paragraph 407 6 or it tenant(s)loocupant(s) fail or refuse to confirm Seller 5 atfidawt Buyer may deliver written notice In Seller 408 within 5 days alter receipt of such ln'ormation but no later than 5 days prior to Closing Data terminating thls 409 Contract and receive a refund at the Deposit thereby releas’lng Buyer and Seller from all further obligations under 410 this Contact Seller shah at Ctosing deliver and assign all lease: to Buyer who shall assume Seller's obligations Ml thereunder 412 E LIENS Seller shall minim to Buysr at Ctosing an affidavit attesting (it to the absence at any financing 413 statement daims of lien or potential lianors known to Seller and til) that there have been no lmprovements Dr 414 repairs to the Real Property for 90 days immediately preceding Closing Date If the Real Property has been 415 implanted or repaired within that time Setter shall deliver releases or waivers at construction Hens Executed by all 416 general mntractors, subcontractors suppliers and materialmen in addition to Setters lien affidavit setting forth 417 names of all sum general contractms subcontractors suppliers and matarialmen further affirming that all charges 415 for improvements or repairs which chum serve as a basis for a construction Hen or a ctaim for damages have been 41a paid orwlil be paid at Closing 420 F TIME Calendar days shall ha used in computing time parted: Time is of the assenca In this Contract Other 421 than Mme tor acceptance and Effective Date as set fonh in Paragraph 3. any time periods provided (or or dates 422 specified in this Cannot whether praprinted handwritten typewritten or Inserted hete'ln which shalt end or occur 123 on aSatunlay Sunday era natlonal legal honday (sea 5 U S C 6103) shall extendto 5 00 p m {where the Property 424 is lucated) 01 the next buslness clay 425 G FORCE MAJEURE Buyer or Seller shall not be required to perform any obligation under this Contract or be 426 liable to each other tor damages so long as performance or non performance ofthe obligaton or the avallabitity of 427 services insurance 9r required approvals essential to Closing is disrupted delayed mused or prevented by Force 428 Majeure Fame Maieurs' means hunlcanes floods extreme weather earthquakes, fire. or ether acts of Gum 429 unusual transportation delays or wars insurrections, or acts of terrorism which by exercise of reasonable diligent 430 effort the non performing party Is unable In whole or in pan to prevent or overcame All time periods. including 431 Closing Date MM be extended a masanabla time up to 7 days after the Force Mataura no longer prevean 432 performance under this Contract provided however lf such Force Majeure continues to prevent pariannanoe under 433 thls Contract more than 30 days beyond Closing Date than either party may terminate this Contract by delivering 434 written notice to the other and the Deposlt shall be reiundad to Buyer thereby releasing Buyer and Seller tram all 435 furthe! obligations under this Contract 436 H CONVEYANCE Setler shall convey marketable title to the Real Property by statutory warranty trustees 437 personal representative's or guardians deed as appropviate to the status of Selim subject only to matters 436 descrih flg'ANDARD A and those accepted by Buyer Personal Prapeny shall at request at Buyer be Buyer‘s lnlbal Page a at 12 Selter‘s mum M Fxmheammn sax Rm utsozw noun. Realms»: mmB: M nuns mama anmwhflmnyaw 91070 chnnwll Hold Finer mmmmzs W mflMhM-y DocuSign Envelope lD qscww ZBDE-ASEFAMZ marsmnm STANDARDS FOR REAL ESTATE TRANSACTIONS( STANDARDS ) CONTINUED us transferred by absolute bill oi sale with warranty of title subpact only 10 such matters as may be provided for in this 440 Contract 441 I CLOSING LOCATION DOCUMENTS AND PROCEDURE 442 (i) LOCATION Closing will be conducted by the attorney or ather closing agent (”0105th Agent ) designated by M3 the party paying for the owner‘s policy at title Insurance and will take place In the coumy where the Real Property 44A is Iocawd at the office of the Closing Agent or at such other location agreed it: by the parties ii there is no title 445 insurance Seller will designate Closing Agent Closing may be conducted by mail overnight courier or eiactrohic 446 means A47 (ii) CLOSING DOCUMENTS Seller snail at or prior to Closing execute and deliver as applicable deed bill oi 446 sale cettIiIcale(s) oi tide or other documents necessary to transfer title to the Propeny cunstrucllon lien (midi:th 449 owners possession and no lien affidavit“), and assignmenx(s) oi leases Seller shall provide Buyer with paid 450 receipts for all work done on the Frapeny pursuant to this Contract Buyer shall furnish and pay for as applicable 451 the survey flood elevation certification and documents required by BuyeIJs lander 452 (iii) FlnCEN GTO NOTICE Ii closing Agunt is required in comply with the US Treasury Department‘s 453 Financial Crimes Enforcemnm Network [‘FincEN') Glogrnphlc Targeting Orders (“GTOs') then Buyer 454 shall pravlde Closing Agent with the information related to Buyer and the transaction contemplated by this 455 Contract that is required in compim IRS Form 8300, and Buyer consents in closing Agent's column" and 455 report of said infatuation to IRS «57 (iv) PROCEDURE The deed shall be recanted upon COLLECTION of all closing funds If the Title Gommiiment 455 pmvidss insurance againstadvgrse matters pursuant to Section 527 7841 F S , as amended the escrow closing 459 procedure required by STANDARD J shall be waived and Clasing Agent shall subject to COLLECTION of all 460 closing funds disburse at Closing the brokerage fees to Broker and the net sale proceeds to Seller 451 J ESCROW CLOSING PROCEDURE l1 Title Cummitmeht issued pursuant to Paragraph 9(a) does not provide 462 for insurance against adverse mamas as permitted under Section 627 7641 F S as amended H13 iuiithg 45: escrow and closing procedures shall apply (1) all Dosing proceeds shall he held in escrow by the Closing Agent 45.4 fur a pound of not more than 10 days mar closing (2) if Seller's title is rendered unmarketahie, through no fault at 465 Buyer Buyer shall within the 10 day period notify Seller in wrinng o! the defect and Seller shall have 30 days from 465 data of receipt of such nommpn to cure the delect (3) if Seller tails to timely cure the defeat the Deposit and all 4w Closing funds paid by Buyer shall within 5 days sitar written demand by Buyer be refunded to Buyer and 458 simultaneously with such repayment, Buyer shall return the Personal Property vanate the Real Property and re 469 convey the Property to Seller by special warranty deed and bill a! sale and (4) fl Buyer fails to make timely demand 470 for refund (If (he Deposit Buyer shall take [me as Is waiving all rights against Seller as to any intervening defect «:71 except as may be available to Buyer by virtue dwarranties contained in the deed or bill of sale 472 K PRORATIOMS CREDn's The iollovnrig recurring items will be made current (if applicable) and prorated as of 473 the day prior to Closing Date, or date at ossupancy if occupancy occurs before Closing Date real estate taxes 474 (including special benefiiiax assessments imposed by a ODD) interest, bands association lees lnsuranoe. rents 47b and other expenses of Property Buyer shall have option of laking aver existing pulicles of insurance I! assumahle, 475 in which aver“ premiums shall be rammed Cash at closing shall be increased or decreased as may be required 477 by proratlons to be made through day prior to Closing Advance rent and security decosits ii any will be credited 47a to Buyer Escmw deposits held by Seller‘s mortgagee will be paid Lu Seller Taxes shall be prorated based on 479 current year‘s tax If Closing mmon a date when uurrsntyears millage ls notflxad hut current year‘s assassrnent 430 is available taxes will be prorated based upon such assessment and prior year's millage 1! current year's 481 assessment is not available, then taxes will be prorated on priur years tax ii there are completed improvements 452 on the Real Property by January 151 oi year of Clash; which Improvements were not In existence on January 1st 483 of prior year then taxes shall be prorated based upon prior year’s millage and st an equitable assessment to be 454 agreed upon between the parties failing which request shall be made to the County Property Appraiser far an 435 informal assessment taking into amunt available exemptions in all cases due allowance shall be made lcr the 435 maximum allowable discounts and applicable homestead and other exemptions A tax proraticm based on an 487 estimate shall at either party s request be readjusted upon receipt of current year‘s tax bill This STANDARD K 458 shell survive Closing 439 L ACCESS TO FROPERTV TO CONDUCT APPRAISkLS INSPECTIONS AND WALK THROUGH Seller 490 shall upon reasonable notice. provide utilities service and access to Property for appraisals and inspections 491 including a walk through (Dr follaw up walk through if necessary) prior ha Closing 492 M Risk 0F Loss ti sitar Eflectlva Date but before Closing Property is damaged by fire or other casualty 493 ( Casualty Loss ) and cost oi restoration (which shall include cost of pruning or removing damaged trees) does not 494 exceed 1 5% cl Purchase Price. cast oi restoration shall be an ubiigation 0! Seller and Closing shall pmeed 495 pursuant to temps of this Contract ll restoration is not completed as of Closing a sum equal to 125% mi estimated Buyer‘s Initials “Z Page eon: Sellefslnitlals M FhridwRMliunn’bh X Wfllsbmfi mu: mmMmFianna an All rights m FMMmmWde “mil flaunt!" Rol Flaw Mbhmlfi W 15' [I BFVIWII DocuSign Envelope ID 455541“ 2305455 AMMASBVUMZ‘ZD STANDARDS FOR REAL ESTA'I? TRANSACTIONS ( STANDARDS ) CONTINUED 4% cost to complete restoratton (not to exceed 1 5% a! Purchase Price) will be escrvwed at Closing It actual cost of 497 restoration exceeds escrowed amount Seller shall pay such actual cost; (but not in excess of 1 5% of Purchase $98 Price) Any unused portion of eserowed amount shall be returned to Seller It cost of mstaration exceeds 1 5% of 499 Purchase Price Buyer shall elect tn elmar take Property as Is tngethsr with the 1 5% or receive a refund at the 500 Deposit thereby releasing Buyer and Seller from all turther ohligalluns under this Contract Sellers sole obligatlon 501 with (aspect to tree damage by casualty or othev natural occurrence shall be east of pruning or removal aDZ N 1031 EXCHANGE ll either Seller or Buyer wish to enter into a like kind exchange (either simultaneously mm 503 Closing or defend) under Sector! 1031 01 the Internal Revenue Code ( Exchange ) the other way shall cooperate 504 in all reasonable respects to effectuate the Exchange lncludlng executlnn cl documents. pmvtded however 5% cooperating party shall incur no llablllty or expense related to the Exchange and Cluslng shall not be contingent 506 upon. nor extended or delayed by such Exchange 507 0 CONTRACT NOT RECORDABLE PERSONS BOUND NOTICE DELIVERY COPIES CONTRACT 506 EXECUTION Neither this Contract nor any notloe of It shall be recorded In any public records This Contract shall 509 be blndlng on and inure to the benefit of the parties and their respective halrs or successors in lntereat Whenever 510 the context pennlts smgular shall Include plural and one gender shall Include all Notice and flellvery glven by or to 511 the atlnmey or broker (including such broker's real estate licensee) representing any party shall be as eliec’tive as 512 if given by or to that party All notices must be in writing and may be made by mail personal delivery or elements 513 (including pd?) medla A lacslmile or electmnic (includlng 'pdf‘) capy of this Contract and any signatures hereon 514 shall be considered for all purposes as an original This Contract may be executed by use of electronic signatures 515 as determined by Florida's Electronic Signature Act and ulher applicable laws 515 P iNTEGRATlON MODIFICATION This Comma! wntalns the iull and complete understanding and agreement 517 of Buyer and Seller with respect to the transaction contemplated by this Contract and no prior agreements or 515 representahons shall be bindlng upon Buyer at Seller unless included in thls Gamma No modlficatian to or change 519 in thls Contract shall be valid or binding upon Buyer or Seller unless in writing and executed by the names intended 520 to be bound by It 521 Q WAIVER Failure of Buyeror Seller to insist on cnmpllance with or strict pertunnanee of any provision of lhle 522 Contract or to take advantage 0! any right under this Contract shall not constitute a waiver of other provlsions or 523 right: 524 R RiDERS ADDENDA TYPEWRITTEN 0R HANDWRITI'EN PROVISIONS Riders addenda and Qypewritten 525: or handwrltten provisions shall comm all printed provisions oilhis Contract in cenflict with them 526 S COLLECTION or COLLECTED COLLECTION or COLLECTED means any checks tendered or 527 renewed lncludlng Deposits, have hem actually and finally callectnd and deposited In the account at 5211 Escrow Agent or closing Anon closlng and dlsbursament cl funds and dellvory at closlng documents 529 may be delayed by closing Agent until such amounts have been COLLECTED ln closing Agent’s accounts 530 T RESERVED 531 U APPLICABLE LAW AND VENUE This Contract shall be construed in accordance with the \aws 0f the State 532 ct Florlda and venue (or resolution of all disputes, whether by mediatlan armtratlun or lltlgatlon, shall Ile in the 533 cuunty where the Real Property ls located 534 V FIRPTA TAX WlTHHaLDlNG if a seller of U 8 real property ls a imelgn person as defined by FlFtPTA 535 Section 1445 at the Internal Revenue Cane ( Code ) requites the buyer of the real property to withhold up to 15% 535 mi the amount realized by the seller on the transit” and remit the withheld amount to the Internal Revenue Service 537 (le) unless an exemption to the required withholding applies or the seller has obtained a Withholding Certificate 536 from the IRS authorizing a reduced amount at wlthholding 539 (i) No withholding is requlred under Section 1445 at the code It the Seller ls not a forelgn person Seller can 5413 provide profit at nun towign status to Buyer by delivery of wntten eerflficatlnn slgned under penalties of perjury 541 stating that Salter 15 not a forelgn person and containing Seller’s name U S taxpayer identification number and 542 home address (or office address in the case of an entity) as provided for in 26 CFR 1 1445 21b) OtheIWIse Buyer 543 shag wiggald the applicable percentage of the amount realized by Seller on the transier and timely remit said funds 544 tot e! 545 (Ii) If Seller Is a iorelgn payscn and has received a Withholdlng Certifieate from Iha IRS which provides fur reduced 546 or elimlnated Withholding ln thls transaction and provides same to Buyer by Closing then Buyer shall withhold the 547 reduced sum requlred if any and timely remit said funds to the IRS 545 (iii) if piior to Closing Seller has submitted a completed appllcatian to the IRS tor a Wimholdlng Cenllicate and has 549 provided to Buyer the notice required by 26 CFR 1 1445-102) (2)(l)(B) but nu Withholding Certificate has been 550 received as of Closing Buyerahell at Clusing withhold the applicable percentage of the amount realized by Sella: 54 0n the trans r and at Buyers option either (a) timely vemit the withheld funds tn the me or (1)) place the funds ln 552 escrow t ?er s expense, with an escrow agent selected by Buyer and pursuant to terms nego med by the Buyer‘s Initial Page in of 12 Seller‘s Inltlals 315 FlmilaRnllaanln sex muteezm muanimal mmrims: Bar Au nuhkt‘urved mung um 11min anal 1mm Manx MI: Rum rm Mubarumzl W Isl ll Ir“- WW Docuslgn Envslnpe ID 4W1AB-ZBDE-45EF-A342 2488765424212 STANDARDS FOR REAL ESTATE TRANSACTIONS( STANDARDS ') CONTINUED 553 parties to be subsequenfly disbursed in accordance Mm the Wlmhaldlng Garfificata Issued by the IRS or remitted 554 directly to the IRS ii the Sellers application is vejecbed or upon terms set Vorth In the escmw agreement 555 (iv) in the event the net proceeds due Selim are not sumclenl to meet me wnhhuldlng requirementts) In {ms 556 transactian Seller shall deliver to Buyer at Clusing the additional COLLECTED funds necessary to saflsiy the 557 applicable requirement and thsreafler Buyer shall timely remI! said funds '10 the IRS or escrow the funds for 555 disbursement in accordance with lha final determination of the IRS as applicable 559 (v) Upon remitting funds to the IRS pursuant |o this STANDARD Buyer shall pravlde Seller caples of IRS Forms 560 8288 and 8285 A as filed 561 W RESERVED 552 X BUYER WAIVER OF CLAIMS To the extent permitted by law Buyer waives any clalms against Seller 563 and against any real Isms Menus" Involved In the nagfltlltlon of this Contract for any damage or defects 564 penalnlng to the physlcal condition of the Pruparty that may vast at closing of this Contact Ind be 565 subsequently discovered by the Buyer or anyona claiming by, through. under or against the Buys! This 588 provision does not relieve Seller's obligation to comply with Paragraph 100) 17115 standard X shall survive 567 Closing 565 ADDENDA AND ADDITIONAL TERMS 569 19 ADDENDA The following addihonal terms are included in the attached addenda or rldevs and inaumoraied into this 570 gntract (Check If applicablu) ‘ A Condnmlnlum Rider K RESERVED T Pm Closing Occupancy q B Homeowners Assn L RESERVED U Fast cream Occupancy C Seller Financing M Defective Drywall V Sale of Buyers Property J D Mortgage Assumptlon x. N CoastalCanstruction Contra! W Back up Contract 1 E FHANA Financmg Line Llne L X KICK—cuK clause E F Applaisal Connngency _‘ 0 lnsulahon Disclosure 1 Y Seller‘s Attomay Approval A 6 Short Sela A P Lead Palm Disclosure (Pre 1976) t Z Buyers Anomsy Approval _7 H Homeowners/Fload Ins ‘ a Housing (or Older Persons ‘ . AA Licensee Propsdy Imeresl A | RESERVED R Rezoning F EB Binding Arbllraflan [ J Interest Bearing Acct S Lease Purchase/ Lease Option d CC Miami-Dade County Special TaxJng District Disclosure __1 Other 5 1 20 ADDITIONAL TERMS WM mm? h ‘4 572 573 slant 55.92%?“er the Purchase glam»!Price on theshalldeadhe am! ruinWe Insume v a {gags Paid y Buyer To huge sat! M 574 9333193, Bu p h nanceihgreq! 39 §_efl9r nay: lgsg than swan (7) days prior m the Closlgg ”& 578 ~ “r 4 ~mm 577 578 579 580 551 552 583 534 585 5&6 587 see 3/ COUNTER-OFFER/REJECTION 589 Seller counters Buyer's offer (to accept the counteraffer Buyer must slgn or lnltial the counter—offered terms and 590 deliver a cupy ofthe acceptance to Seller) 591 DSeNer re] Egyws offer Buyer's What \ Page 11 0112 Sellers Initials M. Huviaakunmgmssx Mam 02011 Hams MWIMm mmBar N1 mm muwed mem.mewmm: mm mun“: 7-... www Ms W ma mum» DncuSian Erwama ID 4BchwaDE<sssF AMz-msamsmzn 592 THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT IF NOT FULLY UNDERSTOOD SEEK THE 393 ADVICE OF AN ATTORNEY PRIOR TO SIGNING 594 THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAR 595 Approval of this form by the Florida Realtors and The Honda Bar does not commute an opm/cn that any of me 596 terms and oundmons in this Cantrecr shmIId be accepted by the padres In a particular transaction Tan-ns and 597 cundlIIDnS should be negotiated based upon the respective rntenssts. objectives and bargaining pasrrions or all 598 mlsreslad persons 599 AN ASTERISK ( ) FOLLOWING A UNE NUMBER IN THE MARGIN INDICATES THE LINE CONTAINS A BLANK 000 TO BE COMPLETED ”mm «W ~ In 3/19/2020 am Buyer WA 63% Dana Maura Ziski. Anon“: lnhmdlxassigns 602 Buyer Date 503 Seller gm 1 & g Date LE (3 3,331.6 LAURELINC 504 SeHer Date 505 Buyer’s address for purposes of name Seller's address for purposes of news 606 ‘ 507 605 609 BROKER Llsling and Cauperanryg Brokers if any named below (oollectivmy Broker”) are the only Brokers 5 o emitted to compensation in connection Wflh ibis Comma Instruuhon to Closing Agent Seller and Buyer direct 611 Closing Agent to dlsburse at Closing the full amount of the brokerage fees as specified in separate byokerage 5‘2 agreements wxih the parties and cooperative agreements between the Brokers. exam to the exam Bmkar has 513 ralained such fees from the escrowad funds This Centred shalt not modify any MLS «:1 01m: uflsr of compensation 614 made by Seflar or Llstlng Brokaw) Cooperaan Brokaw: 616 Cooparating Sales Associate, if any Llsflng Salas Assuclate s17 ’ Lawrence A. Moms Anaemia Inc 2% 1m Corcoran Group 513 Cooperating Broker If any Listing Broker n: Buyers F‘undfiMufi/Flc Initial; mg $5. RwflllafimflfiotlhfiadmleFmaEIr Page 12 am Seller: lnmsls M Nlnqmsrlmld mumwfihwhwwm \auvnm-nwmaa Fwy qum Wm Wfllrmu W1, occmgn swam ID Aechs 2305mm: A342 24357eu2520 Comprehensive Rider to the Residential Contract For Sake And Purchase THIS FORM HAS BEEN APPROVED BY THE FLORIDA REALTORS AND THE FLORIDA BAH W initialed by all parting, (he clauses below \le be \ncorporated Into the Florida Realtors®lHonda Bar Raidentia) Contract For Sam And Purchase between LAUREL INC (SELLER) and Maura ziska Anomey In fact andlor ass] :15 (BUYER) concerning the Pmpeny descflbad as 1.58 El glwgllay, Palm Such FL / n: Buyers midst; I’LLé Sellers Initials M F LEAD BASED PAINT DISCLOSURE (Pro 1978 Housing) ggg-agggg fight Warning Sstmgm Every purchaser of any Imerest m residential real properly on which a residential dwelling was bum prim to 1978 Is notified that such property may presenl exposure to lead irom lead based painnhat may mace young chifdran at risk of deve‘oping lead poisoning Lead pclsonmg In young children may produce permanent neurological damageK includlng learning disabilities reduced intelligence quotient behaworal prob'ems, and impaarad memory Lead poisanlng also poses a particular risk In pregnant woman The seller of any Interest in residemial rem property is required Io provide the buyer mm any informatlon on lead based palm hazards from risk assessments or inspection In me sellels possession and notify he buyer of any known ‘93:! based paint hazards A rm assessmem or inspection for possible lead based paint hazards is (ecommended prior m purchase Seller 5 Disclosure (INITIAL) (a) Presence of \ead bassd paint arleadhased pawl hazards (CHECK ONE BELOW) QKnuwn leadvbased paint or \ead-based pamt hazards am 91:56!" in the housmg LXJSeUsr has Wof lead based paint or lead-based paint hazards in he housing (is) Records and rape": awilabls to [he Sefler (CHECK ONE BELOW) [3861151 has provided the Buyer Mm all available records and reports pedalning u: head based paim or lead based paw hazards in the housing List documen‘s m m Seller has no repons or records penainlng m lambasted palm or leadbased paint hazards In the housing F%E%$ Ackncwledgemeni (INITIAL) (1:) Buyer has received Dupias OI EH information fisled above (:5) Buyer has received the pamphlex Prntect Your Family {mm Lead In Your Home (9) Buyer has (CHECK ONE BELOW) E Received 310 day opponunlty (or other mutually agreed upon penad) to conduct a risk assessment or [rispewon for the presence of mad based paint or lead based paint hazards- ur _Waived me opporlunily to conduct a risk assessment or inspacllnn for ma presanca of lead based paint a: lead based paint hazards Licenses 5 Acknowladgemant (INITIAL) (1) Licensee has informed ma Sener of the Selim ubligadons under 42 U S C 4352(0) and is aware of Licensee s responsibmty to ensure compliancs Carfificafion uf Accuracy The Vol‘owing Farms havs reviewed the information above and cefiify to thgggst 39%?" knchledge (ha! ha informahon M y have proud i rue ccmate W ' 5933191» I W“’51“; “(mm SELLER LAUR L me Dale BUYER Maura Maywlxflzrandlmuilgfl; 0a}? §ELLE§ bite mi 5519 L1§hthi Licensee 155R; Sellifimnsee Date Any person or pcmans who knowlngly Mama m. provlslons of me Residanual Lead-Based Paint Hazard Reduction Act af1992 may be subject in civil and criminal pcmhns and potenlial triple damages in a prim!“ civil lawn“ Page 1 UN P LEAD BASED PAINT DISCLOSURE cs: 5x Re: 6/19 0 2015 Hernia mamas and The Puma Bet NI mum reserved hnunn A.RxmmAml-lu w usiwAwmu'lln nun. mum Pm». Ascwsésm m(senaNm m n mum hum.“ Hum Pmdmdwnpimwflpmfirx 160m munuwnoad FM xnwig-nlwu W W55 FOR VALUABLE CONSIDERATION MAURA ZISKA Anorneyin Fact (Assignor) hereby assigns unto 358 EL ammo LLC a Florida limlted liability company (“Assignee) any and all right title and interest that Assignor has in the Contract for Sale and Purchase with an Effective Date of October 9, 2020 between Assignor, as Buyer, and Laurel Inc. as Seller, relatlve to the real property situate and known as 358 El Brillo Way Palm Beach, FL- (Contract) ASSIGNOR 2.1] y??? By MauraWWleka, orney—in Fact ASSIGNEE hereby accepts the Foregoing Assignment and agrees to comply with all the terms and conditions contained in the Contract ASSIGNEE 358 El Brill LC a Forida limited { 0 liability co p y Dated Z :5 L: B (00045358) antenpwewt to purciast ayp saue ackEEMENT This aneniment (he "Amendinen®) is to thi cersin "AS 15" RESIDENTIAL CONTRACT FOR SALE AND PURCHASE (the "Conmer‘) dated Oztober 9, 2020 (he "Aumement?, bemwsen Laur Inc. a US, Virgin Islnds Corporation (*Salkr") and 358 EL BRI 0 LLC. a rida Imited ablity company. as osignc Purchaser ) (cllctvels. Seller and Parchasr are the "Banies") and is ated as o the date the last of the Panies executes this Amendnent below In considertion of the munal covenants blow. he Pies hereby gros as flows 1. Gien: All capalized terns shall have the meanings ascribed o them in the Agreement unless specifically defined inthis Addendum Inthe event ofany collet between he Agreement and his Addendum. th later stall cool 3 Closing Date Inaecondance with Scion 18 ofthe Contmet Seller and Buyer aires to extend the Closing Dat to anor before January 20,2021, In th vent th il requirements re susie prio to Janay 20,2021, te Closing sll ake place upon iv (3) dyn writen notice to th Buger 3 Misellensous: Except a spcifiall set ort in this Addendum, the Agreement remains in fll frc, This Addendum may be signed n any number of countepars, including counterparts signed and transmit by mal asa PDF file cach of which shallbe deemed to be anoriginal Laure Inca sw Et Brill LLC: ® | a {—— t Dazs RC abicaln at . yl Cs Daren K. Indsie. Diecur 1) /. te Drecudey 21, 2020. as ___ _ {2/27/27 EXHIBIT 2 I x 2 GM ; ,r M «m fi w WJWWWWGM Q? w?“ a. fivm£f¥ms W M3 3% 1.39% W mmmmka mm.mm«mm.mm mm m ‘ w ( em W3“? 3% “:4 umgm.rm mam mm“ v «a3mm”“a m;WWW «2w w w M522—_“4 “21%;“? m wmmgmmmmm—— mmmme—_ Kgmmm _— mmw mmmmi MB wan?“ 7&2 ‘3!“ ml {é ;. es; WM“ 1 a mmmmsm mI’WZlLmmw mmmwnm__ 3w;- m— ‘ WW—_ fififilmfiumuw "fawn: Muir? .1; km l WW WWW 321mm mwmz—— m_— mmm2_a_— rrmm. 2 x «2, 5mm W. mmMfi—— mm“ a m”3:..- A Wmmumm,mmmm— WWW [gmmzma-w mm m_— 221-5291thmmWm_— L_— m1 sm:-m m.“ 2W“— Klikmfl u “W“?{JAISKILH “Fm" » 3“! 4.4;”??? ' m ’5’" gnaw" m1,.IT*“..-m FT Emmanmmmmmfiwmm: ran. ”a aswm a m m 2m_— WW—_ flmMflW—m W :erwmmrm mmmm—— MM_— mxm___—em Mg_ “a J: 2 am Mn 69: L_—W —_ mv“malnuuucmwmmmmn «namam «w mm Seesignaturenddendum M Q Rfi2&i‘§ 1, 4e}; F ?flr’ Ki ?m’a' 5k {74'ng 79 Ag ’kn ’5 Wfi‘? “§Rfii/{i’ ‘“ 9 ‘1‘ 7' ’i 3 ”E Q 57%»“ad“:qu IWM‘Swfifir $31.?“ ”Egg w weififléez wwwfiiamw ,44. ‘5.%« L9_ 2%; ‘3 J.?gggfi wéz‘é. a3 MR: 358 El B \ LLC a lurida Umited liabihty Company L1urel In: avlrgln Islands Cnrporalion By By Dar; Damn K lndvke Secremry Data WEN hwe carefully reviewed (M5 Samara!“ flatemem 1nd find It (a be a [me and “mush? statement Ufa” raceipts and disbursements made on my a({num Dr by me Wu W‘s lransactmn and further :emfv {Ink I have received 3 mm at this Seulemcnt statement Wall authorize Wm} D'Imon Pl Inc (a cause (h funds (a he disbuned [n a((ordanza W‘th HHS shtement / Y I //g I ngeu'nenchem Date 0vnev~24M7unumlMachl 2021 feomutoan soe uc oreas tone saemreny antic mnitns main w "p K neem ~ 80cm S "se Voth ont mort tiatois sme mite hst 1m m neve navette nt soremon ram emmontatymnonmmeiy afin routine mantsonratnnmmasuncen annnsaa vig neter i dlghrnyloi i e assent nensee n tem C amamim se EXHIBIT 3 ove town is cot From: Lavrence A. Moons Associates, Inc. 245 Sunrise Avenue Palm Beach, FL 33180 To: Ward Damon, Atomays at Law 4420 Beacon Circle West Palm Beach, FL 39407 somgut Bes Terug | ase Eats way Pai Bach \ BRB ferme [stxsmemn [rom | | =| Commission on Sale of 368 El Brito Way, Palm Beach FLIR | — $370,000.00 | | | | | | | | | | | | l rorwcoue |__ $370,000.00 INVOICE 1951211 Invoice Date: 1/11/2021 File Number: Old Republic National Title Insurance Company To: From: Ward Damon, PL 4420 Beacon Circle West Palm Beach, FL 33407 Customer #: Old Republic National Title Insurance Company 600 W. Hillsboro Blvd. Ste 450 Deerfield Beach, FL 33441 Buyer: 358 El Brillo LLC, a FL limited liability company Seller: Laurel Inc. Reference: Property Address: 358 El Brillo Way Palm Beach FL Loan Amount: $14,950,000.00 Sales Amount: $18,500,000.00 Description Amount Qty Total SEARCH FEE $75.00 1 $75.00 Subtotal. $0.00 Credits $0.00 Grand Total $75.00 Please Remit To: Old Republic National Title Insurance Company 600 W. Hillsboro Blvd. Ste 450 Deerfield Beach, FL 33441 Attn: Accounting Dept. Phone: 954-421-4599 Thank you! EXHIBIT 4 WARD ________•________ DAMON A T T O R N E Y S A T L A W 4420 BEACON CIRCLE WEST PALM BEACH, FL 33407 Tel: (561) 842-3000 Fax: (561) 842-3626 www.warddamon.com Adam R. Seligman, Esquire ASeligman@warddamon.com March 22, 2021 Via Email Erika A. Kellerhals Kellerhals Ferguson Kroblin PLLC Royal Palms Professional Building 9053 Estate Thomas Suite 101 St. Thomas, VI 00802 Re: Laurel Inc. Invoices Erika: Below is a breakdown of the invoices/credits as reflected on the Settlement Statement for the sale of 358 El Brillo, Palm Beach, FL on behalf of Laurel Inc are as follows: (1) 0001 $41,248.45 (2) 0002 $34,541.58 (3) 0003 $1,800.00 (4) Title Insurance Premium/Endorsement Credits ($31,110.60) TOTAL DUE AT CLOSING $46,479.43 If you have any questions please feel free to contact the undersigned. Very truly yours, ADAM R. SELIGMAN ars/cp EXHIBIT 5 PAY SMART. PAY ONLINE. www.pbctax.com COUNTY OF PALM BEACH: NOTICE OF AD VALOREM TAXES AND NON-AD VALOREM ASSESSMENTS PROPERTY CONTROL NO. YEAR BILL NO. CMC REAL ESTATE PROPERTY TAX BILL DETACH HERE **SEE REVERSE SIDE FOR INSTRUCTIONS AND INFORMATION** DETACH HERE COUNTY OF PALM BEACH: NOTICE OF AD VALOREM TAXES AND NON-AD VALOREM ASSESSMENTS LEGAL DESCRIPTION P.O. BOX 3353 WEST PALM BEACH, FL 33402-3353 MAKE PAYMENT TO: TAX COLLECTOR, PALM BEACH COUNTY RE PT Bill 8/11/2020 REAL ESTATE PROPERTY TAX BILL READ REVERSE SIDE BEFORE CALLING AD VALOREM TAXES READ REVERSE SIDE BEFORE CALLING READ REVERSE SIDE BEFORE CALLING NON-AD VALOREM ASSESSMENTS READ REVERSE SIDE BEFORE CALLING APPLIED EXEMPTION(S) LEGAL DESCRIPTION AMOUNT DUE WHEN RECEIVED BY TAXES ARE DELINQUENT 4% 3% 2% 1% NO DISCOUNT AMOUNT DUE WHEN RECEIVED BY TAXES ARE DELINQUENT 4% 3% 2% 1% NO DISCOUNT PROPERTY CONTROL NO. YEAR BILL NO. TOTAL NON-AD VALOREM TOTAL AD VALOREM AND NON-AD VALOREM COMBINED www.pbctax.com 2020 41 SUPPLMNTRY PL OF EL BRAVO PARKW 24.30 FT OF LT 39 & LT 40 & TH PT OF FILLED SUBMRGED LAND AS IN OR4266P1926 ADJ TO LT 40 COUNTY 561-355-3996 14,201,802 14,201,802 4.7815 67,905.92 COUNTY DEBT 561-355-3996 14,201,802 14,201,802 0.0309 438.84 TOWN OF PALM BEACH 561-838-5400 14,201,802 14,201,802 2.9962 42,551.44 CHILDRENS SERVICES COUNCIL 561-740-7000 14,201,802 14,201,802 0.6497 9,226.91 F.I.N.D. 561-627-3386 14,201,802 14,201,802 0.0320 454.46 PBC HEALTH CARE DISTRICT 561-659-1270 14,201,802 14,201,802 0.7261 10,311.93 SCHOOL LOCAL 561-434-8837 14,201,802 14,201,802 3.2480 46,127.45 SCHOOL STATE 561-434-8837 14,201,802 14,201,802 3.7620 53,427.18 SFWMD EVERGLADES CONST PROJECT 561-686-8800 14,201,802 14,201,802 0.0380 539.67 SO FLA WATER MANAGEMENT DIST. 561-686-8800 14,201,802 14,201,802 0.1103 1,566.46 SO FLA WATER MGMT - OKEE BASIN 561-686-8800 14,201,802 14,201,802 0.1192 1,692.85 PALM BEACH UNDERGROUND UTILITIES 561-838-5400 1,982.51 1,982.51 SOLID WASTE AUTHORITY OF PBC 561-640-4000 519.00 519.00 LAUREL INC SUPPLMNTRY PL OF EL BRAVO PARKW 24.30 FT OF LT 39 & LT 40 & TH PT OF FILLED SUBMRGED LAND AS IN OR4266P1926 ADJ TO LT 40 TAXING AUTHORITY TELEPHONE ASSESSED EXEMPTION TAXABLE MILLAGE TAX AMOUNT LEVYING AUTHORITY TELEPHONE RATE AMOUNT 2020 TOTAL AD VALOREM 234,243.11 2,501.51 236,744.62 LAUREL INC ª«¨©ª©ª¨ª¨ª¨¨ª«¨ª«ªªª«ª¨«©ª¨ªª©©ª %




 






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' §Q…bNp@ŠHu(™(oAkR R 8 - 118010 449 §8om8.u[ƒ0šd9}  `@P€p@0pP€0p`PP 2020 2020 APRIL 1, 2021 APRIL 1, 2021 $227,274.83 $229,642.28 $232,009.72 $234,377.18 $236,744.62 $227,274.83 $229,642.28 $232,009.72 $234,377.18 $236,744.62 NOV 30, 2020 DEC 31, 2020 JAN 31, 2021 FEB 28, 2021 MAR 31, 2021 NOV 30, 2020 DEC 31, 2020 JAN 31, 2021 FEB 28, 2021 MAR 31, 2021 EXHIBIT 6 Make payment to: Tax Collector, Palm Beach County Please include the 17-digit Property Control Number on your payment. Place this stub and your payment in the enclosed return envelope. The Constitutional Tax Collector’s address must show in the return envelope window. (KEEP THIS PORTION FOR YOUR RECORDS) IMPORTANT INSTRUCTIONS RE PT Bill 8/11/2020 REAL ESTATE PROPERTY TAX BILL REAL ESTATE PROPERTY TAX PAYMENT • Payment must be made in full and in U. S. funds. • Payment must be received in our office by the due date printed on the front of this bill. • Payment is subject to verification and receipt of funds. A fee is applied for dishonored funds. • For the latest requirements when visiting our office in-person, visit www.pbctax.com. PAYMENT OPTIONS • ECHECK (Online Only) 24/7 at www.pbctax.com. eCheck is FREE (email transaction notice serves as confirmation). • CREDIT/DEBIT CARD A 2.4% Convenience Fee Will Apply ($2.00 minimum). Convenience fees are collected by the credit/debit card vendor and not retained by our office (email transaction notice serves as online receipt). • BANK ONLINE BILL PAY Use your bank’s bill pay service. Enter the 17-digit Property Control Number (no dashes) as account number. Mail delivery and bank processing times vary. Please allow ample time (confirmation from your bill pay service serves as receipt). • DROP OFF BOX At any service center from 8:15 AM to 5:00 PM, Monday - Friday (canceled check serves as receipt). • MAIL Detach the stub below and return with payment. DO NOT TAPE, FOLD, STAPLE, PAPER CLIP OR WRITE ON PAYMENT STUB. Write your 17-digit Property Control Number on your payment. Use the enclosed return envelope with the Tax Collector address showing in the return envelope window (canceled check serves as receipt). • WIRE TRANSFER Visit our website at www.pbctax.com/wires for instructions. DELINQUENT TAX INFORMATION FLORIDA STATUTE 197.402 and 197.432: Tax Certificates will be sold on all unpaid property taxes 60 days after the date of delinquency. • AD VALOREM TAXES and NON-AD VALOREM ASSESSMENTS are delinquent APRIL 1. • The minimum charge of 3% will be collected. Interest accrues up to 1.5% per month (18% annually). • Interest and associated costs for delinquent taxes are determined by the date payment is received. Postmark date is not proof of payment. • Payment AFTER THE DATE OF DELINQUENCY must be paid by certified funds or the payment will be returned. Certified funds include funds drawn on a U.S. bank in cash, bank draft, wire transfer, money order or cashier’s check. This bill includes AD VALOREM TAXES and NON-AD VALOREM ASSESSMENTS for the current tax year. Discount amounts are shown on the front of this bill. (DETACH HERE) STOP PAYMENT PROCESSING DELAYS DO NOT TAPE, FOLD, STAPLE, PAPER CLIP OR WRITE ON THIS PAYMENT STUB INCLUDE THIS STUB WITH PAYMENT www.pbctax.com QUESTIONS Constitutional Tax Collector Prepares and mails TAX BILLS. For answers to most questions, visit www.pbctax.com or call 561-355-2264. Note: If this property was sold, please notify us at www.pbctax.com/propertysold and complete a Property Tax Contact Form. Property Appraiser Prepares the AD VALOREM TAX ROLL. For questions about assessed value, exemptions, taxable value, assessed owner’s name, address and legal description, call 561-355-2866. Taxing Authorities Set the AD VALOREM MILLAGE RATES. See telephone numbers listed on front of bill for questions about assessment amounts and services provided. Levying Authorities Determine the NON-AD VALOREM ASSESSMENTS. See telephone numbers listed on front of bill for questions about assessment amounts and services provided. 2020 Anne M. Gannon Constitutional Tax Collector Serving Palm Beach County P.O. Box 3353 West Palm Beach, FL 33402-3353 Collection Cart Collection Cart Items 0 Total $0.00 Checkout Checkout View Vew Tax Account Property Control Number Property Type Status Real Property Active Mailing Address: LAUREL INC Property Address: 358 EL BRILLO WAY PALM BEACH FL Geo CD: Deed Number: 0 Legal Description SUPPLMNTRY PL OF EL BRAVO PARKW 24.30 FT OF LT 39 & LT 40 & TH PT OF FILLED SUBMRGED LAND AS IN OR4266P1926 ADJ TO LT 40 Tax & Assessment Ad Valorem Gross Tax Credit Net Tax Savings TOWN OF PALM BEACH $42,551.44 $0.00 $42,551.44 $0.00 COUNTY $68,344.76 $0.00 $68,344.76 $0.00 SO FLA WATER MANAGEMENT DIST. $3,798.98 $0.00 $3,798.98 $0.00 SCHOOL $99,554.63 $0.00 $99,554.63 $0.00 CHILDRENS SERVICES COUNCIL $9,226.91 $0.00 $9,226.91 $0.00 F.I.N.D. $454.46 $0.00 $454.46 $0.00 PBC HEALTH CARE DISTRICT $10,311.93 $0.00 $10,311.93 $0.00 Sub Total $234,243.11 $0.00 $234,243.11 $0.00 Non Ad Valorem Gross Tax Credit Net Tax Savings SOLID WASTE AUTHORITY OF PBC $519.00 $0.00 $519.00 $0.00 PALM BEACH UNDERGROUND UTILITIES $1,982.51 $0.00 $1,982.51 $0.00 Sub Total $2,501.51 $0.00 $2,501.51 $0.00 Total Tax $236,744.62 $0.00 $236,744.62 $0.00 Tax Installment Period Bill Number Due Date Bill Year Tax Discount Penalty/Fee Interest Total Due INST 1 3/31/2021 2020 $0.00 $0.00 $0.00 $0.00 $0.00 Total Due: $0.00 $0.00 $0.00 $0.00 $0.00 Notice to Tax Payer Tax Certificates Payments made between 5/31 – 6/7 of any year indicates the purchase of a Tax Certificate for delinquent taxes. Tax Certificate purchase(s) ARE NOT a payment of taxes. “Paid By” information displays the name of the Tax Certificate purchaser. If a bill number begins with a year (i.e. 2020-001234), a Tax Certificate was sold for delinquent property taxes. The amount due is shown above in the “Tax Installment” section under the Total Due column. Bill Detail Page 1 of 2 https://pbctax.manatron.com/Tabs/PropertyTax/AccountDetail/BillDetail.aspx?p=50-43-43... 3/19/2021 ** This Icon indicates delinquent taxes and the tax bill cannot be paid on-line at this time. It may also indicate a recent TDA where additional fees are required. Contact our office at 561-355-2264 or email ClientAdvocate@pbctax.com for additional details. Tax Payment Bill Year Bill Number Receipt Number Amount Paid Last Paid Paid By 2020 $236,744.62 3/15/2021 WARD DAMON PL Bill Detail Page 2 of 2 https://pbctax.manatron.com/Tabs/PropertyTax/AccountDetail/BillDetail.aspx?p=50-43-43... 3/19/2021 Please return this page with remittance to Link & Rockenbach, PA 1555 Palm Beach Lakes Blvd. Suite 930 West Palm Beach, FL 33401 Invoice # Client Code: Client Name: Laurel, Inc. Bill Date: March 10, 2021 0001 Closing Matter Code: Matter Name: Total Current Work $80,264.93 Trust Funds Balance: $0.00 Amount enclosed: ____________________________________ EXHIBIT 7 Activity - Deposit Accounts Report created: 03/12/2021 04:32:36 PM (ET) Account: • *6827 • Checking • LAUREL INC Date range: 2/10/2021 to 3/12/2021 Transaction types: All transactions Detail option: Includes transaction detail • *6827 • Checking • LAUREL INC Post Date Reference Additional Reference Description Debit Credit Calculated Balance 03/12/2021 04:32 PM (ET) MISCELLANEOUS DEBIT GENERIC DR/CR $15.00 $0.00 03/12/2021 04:32 PM (ET) INCOMING WIRE TRANSFER GENERIC DR/CR $17,176,822.68 $15.00 03/12/2021 Unreported Details $17,371,707.78 ($17,176,807.68) 03/12/2021 Totals $17,371,722.78 $17,176,822.68 EXHIBIT 8