Dear Home Buyer:

Enclosed please find the documents you will need to sign in order to purchase and build your new home.
To assist you in this process, a summary of these documents and the steps you need to take with each
appear below:

1. Building Contract: This is the contract between you and Blue Oak Construction, LLC to build
your new home. Please note that the price indicated ($107,500) is for the home only and does
not include the lot ($8,000), which will appear in a separate contract sent to you after we receive
the building contract. Please read this carefully, complete or sign all areas highlighted in
yellow, and return the contract (with other necessary documents) to the address below.
You will be provided with copies of the fully executed contracts at closing. In addition, a copy
of your driver’s license and a deposit check in the amount of $4,500 payable to Blue Oak
Construction, LLC must be included. $500 of your deposit to the builder will be used as a
deposit on the lot.

2. Pre-Construction Financial Summary: This document summarizes the payments you will need to
make through your construction loan closing and an estimate of your annual cash flows. Please
note that final down payment amount and estimated cash flows are merely estimates and can
vary depending on your personal credit score and market conditions. Please sign all areas
highlighted in yellow and return it (with other necessary documents) to the address below.

3. Home Elevation and Home Features: This includes a front elevation, floor plan, and details of
the features included with your home. Note that the price indicated on the features page does
not include the lot. Please sign all areas highlighted in yellow and return it (with other
necessary documents) to the address below.

4. Options Disclosure: This letter informs you of your right to choose the lot, lender, and property
management firm of your choice. Please sign where indicated and return it (with other
necessary documents) to the address below.

5. Brokerage Service Disclosure Acknowledgement: This document, titled “Working With A Real
Estate Broker”, outlines the type of relationship that exists between you and Gulfstream Realty
& Development, LLC. Please sign and date all areas highlighted in yellow and return it
(with other necessary documents) to the address below.

4821 Coronado Parkway, Cape Coral, Florida 33904 * Phone 239-542-6906 * Toll-Free 888-505-6906 * Fax 239-542-4715
 6. Real Property Sales Disclosure: This document includes important information and disclosures
regarding your real estate purchase. Please sign and date all areas highlighted in yellow and
return it (with other necessary documents) to the address below.

Send it by FedEx 2Day, select bill to recipient and use our FedEx account number:
4022-8014-0

Blue Oak Construction, LLC

Attn: Liane Soloman
4037 Del Prado Blvd. S.
Cape Coral, FL 33904
(239) 549-7718

Note that these documents are very time sensitive and must be returned within one week with the
checks indicated, so please do not delay. We may not be able to guarantee the price should we not
receive it promptly. You will receive copies with your closing package.

To further assist you, the following is a description of how the process works and what to expect in the
upcoming months:

After Gulfstream Realty & Development receives your building contract, you will be assigned a lot for
your property and move into the closing process. Again, this takes approximately 30 days. You do not
need to be present for your closing, as everything is handled by overnight mailing.

After your closing, your property will go into the permitting process. Construction cannot start until the
permits are received from the governing county offices. This process can take up to 1 month. After
permits are received the job is assigned to a supervisor who will be in charge of the construction for
your investment home. The building process is about 80 days barring any unforeseen delays.

You will need to have Homeowners and any other insurance required by your lender in place before the
C/O (Certificate of Occupancy). We have an insurance company in place for you and they will be
sending you documentation when the time is near.

4821 Coronado Parkway, Cape Coral, Florida 33904 * Phone 239-542-6906 * Toll-Free 888-505-6906 * Fax 239-542-4715
We will be here to help you with your exit strategy as well. We will assess the market and provide
recommendations to you on whether you should hold on to your property and place it in our rental
department or if you should sell right away.

You will be kept informed throughout the entire process on the progress of your investment with calls
from our customer service department. You can also check the status anytime you wish through the web
site we have put in place for you. You will receive the web site information and a pass code for your
property shortly after closing on your construction loan.

We hope this helps answer many of your initial questions. Of course, if you have further questions or
concerns, please contact Liane Soloman at (888) 254-8564 or (239) 542-6906.

Sincerely,

Gulfstream Realty & Development, LLC

4821 Coronado Parkway, Cape Coral, Florida 33904 * Phone 239-542-6906 * Toll-Free 888-505-6906 * Fax 239-542-4715
THIS BUILDING AGREEMENT is made and entered into this day of , 20 , by and between BLUE
OAK CONSTRUCTION, LLC., a Mississippi Limited Liability Company (hereinafter referred to as “Contractor” or “Builder”),
and grdghrehrehtehehrehrhrehrhrhreh whose address is afsdklfjsdkljgdrgojrjgrjgoprjgopnvfndgklsnewgwe (hereinafter referred
to as “Purchaser”) and whose Phone # is abfjkfdsjkfrsn;fwln .

1. Basic Terms. For and in consideration of the sums to be paid and covenants to be performed by Purchaser, herein set
out, the Contractor agrees to construct and complete a structure as per the attached plans and specifications on the
following described property:

_______________________________________________________________________________________________

_______________________________________________________________________________________________

Builder pays closing costs.

Model Type: Violet

2. Purchase Price and Terms of Payment. In consideration thereof, Purchaser promises to pay, or cause to be paid to
the Contractor, the sum of One hundred seven thousand and five hundred ($107,500) to build said structure. The said
amount shall be paid as follows.

$ 4000.00 paid this date as a deposit;

$ within days of the date of Agreement as a non-refundable deposit for design and
survey fees, filing fees for permit applications, lot clearing, and the like;

$ FROM LENDER preconstruction draw at closing or within days of this date a 15% initial draw;

$ FROM LENDER balance to be paid pursuant to the draw schedule of the financial institution that will give the
construction loan or as per the attached draw schedule.

$ 4000.00 TOTAL PAYMENTS

The Builder reserves the right to raise the contract price during the term of the contract for increases in the costs of permitting
fees, sewer and water impact or connection fees, construction impact fees, and for increases in costs of labor and materials that
are caused by acts of God, and other matters that are shown to be beyond the Contractor’s control or reasonable anticipation. The
builder will not enforce this clause unless the sums of the price increases in question exceed 2% of the contract price. If the
builder initiates a price increase, the buyer will have the right to cancel the contract and receive a full refund of their deposit
unless construction has commenced on the subject property. Finally, if the builder does not commence construction within six
months of the effective date of this contract or complete construction within two years of the effective date of this contract, the
builder reserves the right to declare the contract null and void and refund the customer’s deposit in full, less any out-of-pocket
expenses incurred by Builder for design and survey fees, filing fees for permit applications, lot clearing, and the like.

3. Insurance. Contractor will furnish Worker’s Compensation, General Liability Insurance, and Builder’s Risk
Insurance in connection with the structure. Purchaser shall have the responsibility of providing Flood Insurance (if
applicable), Homeowner’s Insurance, and all other insurance applicable. Purchaser shall provide Flood Insurance (if
applicable) within three days of concrete floor slab pour and Homeowner’s Insurance prior to the house receiving its
Certificate of Occupancy (within three days of notification by Blue Oak Construction, LLC).

_____ Purchaser _____

4037 Del Prado Blvd. South * Cape Coral, FL 33904

129 Highway 90 * Waveland, MS 39576
Corporate Cape Coral Office Phone: 239-549-7718 * Fax: 239-549-9331
Waveland Office Phone: 228-467-5990 * Fax: 228-467-5991
Revised 4/16/08
 4. Plans and Specifications. The structure to be built hereunder is in accordance with the attached plans (or
preliminaries or brochure as applicable) attached hereto, with all details of material and construction to be
substantially equal in value and usability. Specifications are subject to any change necessitated by governmental
regulations. All building plans, preliminary and final, are property of the Contractor if Contractor or Contractor’s
designer designs said structure. It may not be reproduced in any form or used by Purchaser without prior written
consent of Contractor. If the plans and specifications have been provided by Purchaser, then Purchaser represents that
Purchaser has the legal right to use said plans and specifications.

5. Substitution of Materials. Contractor may, at Contractor’s discretion, use and install materials other than and
different from those specified in the plans, models, drawings, and specifications where relevant, provided such
substitutions are of equivalent quality and value.

6. Preparation. Contractor shall not be responsible for poor percolation, sink holes, muck, tree removal, unstable soil
conditions, or rock removal. Any reference to site preparation on the specification sheet shall supersede this paragraph
up to the amount specified.

Any amount over and above an allowance on the Purchaser’s specification/feature sheet will be the
responsibility of the Purchaser.

7. Possession. Purchaser shall not have possession of the structure until such time as all payments or other obligations
required of Purchaser, as set forth in this Agreement, have been fully paid or performed by the Purchaser. If
possession of said structure is taken by Purchaser before the obligations are met, without written consent of
Contractor, it shall be considered as acceptance of the structure by the Purchaser, as complete and satisfactory and
shall not relieve Purchaser from fulfilling all financial obligations to Contractor.

8. Responsibility. Contractor shall not be responsible for damages to persons or property occasioned by Purchaser or
Purchaser’s agents, third parties, acts of God, or other causes beyond Contractor’s control.

9. Assumption or Risk. If Purchaser or their agents, family members or guests shall enter the building site or structure
prior to obtaining possession pursuant to Paragraph 7, it shall be at their own risk.

10. Final Statement. At the time of such final settlement, a Contractor’s “Affidavit of No Liens” covering all materials
and labor will be presented to the Purchaser by the Contractor. It is expressly understood and agreed that the
Purchaser is not to occupy or otherwise take possession of the structure being constructed under this Agreement prior
to such final settlement, unless written consent to such occupancy is granted to the Purchaser by the Contractor, and
prior to such occupancy the Purchaser shall have paid the full contract price and charges for all approved extras to the
Contractor.

11. Warranty. Contractor warrants that said structure will be built in accordance with the Mississippi New Home
Warranty Act, MS Code § 83-58-1, et. seq. A full copy of said act shall be provided to purchaser at or before closing.
In addition, Contractor certifies that said structure is guaranteed against all defects in the original workmanship for one
year from the date of the Certificate of Occupancy to the original Purchaser as named herein. Contractor will repair or
replace at its option, and at no charge to the original Purchaser, any component of the structure which shall be found
either structurally or functionally defective. This guarantee does not cover carpet, vinyl, tile, floor coverings, lawns,
landscaping, sprinkler systems, concrete cracking, or normal Purchaser’s maintenance procedures.

_____ Purchaser _____

4037 Del Prado Blvd. South * Cape Coral, FL 33904

129 Highway 90 * Waveland, MS 39576
Corporate Cape Coral Office Phone: 239-549-7718 * Fax: 239-549-9331
Waveland Office Phone: 228-467-5990 * Fax: 228-467-5991
Revised 4/16/08
 12. Purchaser Representations. The Purchaser represents and warrants to the Contractor (i) that the real property on
which the structure is to be built is properly zoned for the construction of the structure and related improvements, (ii)
there is adequate and legal access to the property from public roads, (iii) that the intended building and improvements
will not violate restrictions concerning the property, and that Purchaser has obtained all required approvals from
Architectural Review Boards and similar entities, (iv) that the property is free of all liens and encumbrances which
might affect construction, and (v) that Purchaser is the fee simple title owner of the legal Property, or Purchaser will
be the fee simple title owner of the Property prior to commencement of construction hereunder.

13. Assessments. Purchaser shall have the sole and exclusive responsibility for payment of any assessment, unless
otherwise noted in the attached specifications.

14. Change Orders. All change orders shall be written and agreed upon by both parties and accompanied by payment in
full prior to the commencement of the change. There is an administrative fee of two hundred fifty dollars ($250.00),
plus the cost of the change for each change order. If a change order is not paid in full within 3 business days of the
change order date, Blue Oak Construction, LLC has the right to continue building in accordance with the original
plans and specifications.

15. Title Company. All title work and closings will take place at a location designated by the Builder.

16. Disputes. All Disputes, controversies, or claims arising from or relating to this contract shall be submitted to
arbitration in accordance with the applicable rules of the American Arbitration Association then in effect. All parties
acknowledge and recognize by signing below that each waives his right to trial either by bench or jury in any court.
Judgments or awards rendered by the arbitrator may be entered and enforced in any court. In the event of litigation or
arbitration relating to the subject matter of this Agreement, the non-prevailing party shall reimburse the prevailing
party for all reasonable attorney fees and costs resulting therefrom.

17. Choice of Law. The laws of the State of Mississippi shall apply to any action in connection with or occurring or
arising out of the term of this agreement or the transaction contemplated by this agreement and also to the same
springing forth from this transaction.

18. Escrow Deposits. Purchaser acknowledges and agrees that all escrow deposits will be released to the Builder to begin
the permitting process. Should the Purchaser choose not to close on the loan, all monies, minus costs incurred by the
Builder, will be returned to the Purchaser.

Purchaser’s signature ______________________________________ Date ________

Purchaser’s signature ______________________________________ Date ________

19. General Provisions:

a. If part of the purchase price is to be paid in the form of an institutional construction mortgage loan, Purchaser
agrees to promptly complete the necessary requirements to obtain financing. In the event the Purchaser has not
secured financing within 30 days from the Builder approved date below and has not closed within 45 days from
effective date, then this Agreement shall become null and void, and all deposits made hereunder will be
returned to the Purchaser in full, less any out-of-pocket expenses incurred by Contractor for design and survey
fees, filing fees for permit applications, lot clearing, and the like.

b. In order for Blue Oak Construction, LLC to build the stated structure for the agreed upon price, it is crucial that
the Purchaser(s) does not delay the Modification of the construction loan. The Purchaser(s) guarantees that the
_____ Purchaser _____

4037 Del Prado Blvd. South * Cape Coral, FL 33904

129 Highway 90 * Waveland, MS 39576
Corporate Cape Coral Office Phone: 239-549-7718 * Fax: 239-549-9331
Waveland Office Phone: 228-467-5990 * Fax: 228-467-5991
Revised 4/16/08
 closing date for the Modification of the CP Loan is no later than 30 calendar days after the construction
Certificate of Occupancy date. If the Modification of the CP Loan has not been completed within 30 calendar
days after the
date of the Certificate of Occupancy, the Purchaser(s) agrees to pay Blue Oak Construction, LLC $200 per day
thereafter until the Modification of the CP Loan and all monies due to Blue Oak have been paid.

c. There are no understandings or agreements between Contractor and Purchaser other than those set forth in this
Agreement and in the Plans and Specifications. No other statement, representation, or promise has been made
to induce either party to enter into this Agreement.

d. This agreement and the Plans and Specifications may not be modified or amended except by written agreement
of these parties.

THE FOREGOING AGREEMENT constitutes the entire agreement between the Purchaser and the Contractor, and no
covenants or other representations are made by the Contractor to the Purchaser or vice versa, other than those set forth in this
Agreement. Each undersigned party to this transaction acknowledges that he has read and understands this contract and also
acknowledges the receipt of a true and correct original of this document. When herein used, the singular includes the plural and
the masculine includes the feminine.

IN WITNESS WHEREOF, the said parties have hereunto set their hands and seals this first day written above.

CONTRACTOR:

BLUE OAK CONSTRUCTION, LLC.

By:____________________________ __________________________ _________________

Brian Haag Purchaser’s signature Date

_______________________________ __________________________ _________________

Date Purchaser’s signature Date

_______________________________ __________________________
Salesperson Date

_______________________________ __________________________
Blue Oak Representative Date

_____ Purchaser _____

4037 Del Prado Blvd. South * Cape Coral, FL 33904

129 Highway 90 * Waveland, MS 39576
Corporate Cape Coral Office Phone: 239-549-7718 * Fax: 239-549-9331
Waveland Office Phone: 228-467-5990 * Fax: 228-467-5991
Revised 4/16/08
PRE~CONSTRUCTION FINANCIAL SUMMARY

THE VIOLET
BAYSIDE, MS

$115,500 TOTAL FOR HOUSE/LOT TURN-KEY

($107,500 for the house and $8,000 for the lot)

$ 4,500 Deposit to builder (includes $500 lot deposit)*

$ 495 Appraisal fee* (Depends on the lender)

Balance due in approx. 30 to 45 days

*Return with complete package

Builder pays closing costs!

OVER

Rev. 05/02/08
 Estimated Annual Cash Flows*
AT YOUR REQUEST, WE WILL RENT YOUR PROPERTY FOR YOU

Monthly Rent: $1,000 to $1,200

Mortgage Payments: $595 to $625
Property Management Fee: 10% of rent
Property Taxes: $90/month
Insurance: $140/month

* Contingent upon your personal financial profile and loan package chosen by you. These figures are
estimates only and you should perform your own independent verification.

Although the decision whether or not to sell your property is yours, we highly suggest that you
hold the property for further appreciation. As an example, a 10% appreciation rate would result
in a gain of over $11,500 annually.

In addition to your down payment, first year home insurance is due when the home is completed.

We are in a market with rapidly changing interest rates. A steady rise in interest rates could alter your
cash flow. You may experience future vacancy and should have the ability to make mortgage
payments should your house become vacant or not sell. If your house were to become vacant, in
addition to your mortgage payment, you may also be billed for lawn maintenance, electric bill and other
applicable expenses. If your home is vacant, you will be charged a minimal monthly maintenance fee.

The above is not a guarantee of your results. Your returns could be higher, lower or you could lose
money. The length of time to build your house could vary depending on weather, city inspections, etc.

700+ CREDIT SCORE DEPENDING ON THE FINANCING YOU SELECT

Print Name____________________________ Sign____________________________ Date__________

Print Name____________________________ Sign____________________________ Date__________

Rev. 05/02/08
The Violet

Square Footage
Living Space 906 sq. ft.
ront Porch 39
Total Under Roof 945 sq. ft

______________________________
Purchaser’s Signature

______________________________
Purchaser’s Signature
All dimensions and square footages are approximate. Blue Oak
Construction, LLC reserves the right to make design alterations
to the above floor plan without notice. 2008 Blue Oak
Construction, LLC
 Blue Oak Construction, LLC
Bayside Park Violet $115,500
Updated 4/29/08

General Construction Electrical Items

! Permitting and Impact Fees* ! 200 AMP service at meter
! Monolithic slab on grade** ! Electric as per code
! Builder’s Risk insurance ! Pre-wired for 2 phone jacks and 2 cable outlets per plan
! Smoke detectors by code
Surveys and Lot Preparation ! Exterior receptacles per plan
! Boundary stakes ! Bathroom exhaust fans vented to outside
! Foundation and final ! All recessed can fixtures as per plan
! Ceiling fan pre-wire per plan
Structural and Construction Features and Materials ! Light fixtures by Builder
! Concrete footings
! Steel reinforcement for footings as per engineering Plumbing
! Site Clear, Hauling, and Fill Allowance up to $5,000*** ! Schedule 40 PVC drain, waste & vents
! Termite soil pre-treatment ! 40 gallon quick recovery water heater
! Wood framing ! Exterior hose bib(s) per plan
! Tie-down straps (wind load) per engineered drawings ! Elongated water closets in all bathrooms (white) by Builder
! Pre-engineered roof trusses ! Fiberglass tub and/or shower units per plan by Builder
! 30 year mildew resistant dimensional roof shingles ! Moen Chateau fixtures in chrome throughout by Builder
! Ridge vent for roof ! 50/50 kitchen sink with Moen faucet
! Oversized galvanized metal flashing
! Framing lumber culled and crowned for straightness Bathroom Features
! 13 Seer air conditioning unit ! Decorator type vanities with full sized mirrors
! R-30 batts or blown insulation in ceiling ! Wood grain cabinets with post form laminate countertops
! R-13 insulation on exterior framed walls ! Mirrored medicine cabinets
! R-19 insulation in knee walls
! ½” drywall on all ceilings and walls (screwed) Floor Coverings
! All ceilings and walls knock down drywall finish ! All living areas to be tiled from choices supplied by Builder
! Vinyl, stucco, and/or cement fiber board exterior walls with ! Bedrooms and closets to be carpeted from choices supplied
decorative shutters (combination determined by builder) by Builder
! Vented white aluminum or vinyl soffit and fascia
! Culvert pipe and installation as required Additional Features of Your Home
! Up to 450 sq. ft. allowance for concrete driveway and ! Metal Insulated Entry doors
walk*** ! Deadbolt locks on all exterior doors
! White single hung aluminum or vinyl windows throughout
Water System ! 2 ¼” colonial casing and 3 ¼” colonial base, mitered cut
! Complete well water system and connection to sewer base trim
! 6 panel 6’8” interior doors
Kitchen Components and Cabinetry ! High grade paint in flat finish, high grade 35 year silicone
! All appliances are manufactured by General Electric and are caulk, interior trim in semi-gloss enamel
Energy Star rated ! 4,000 sq. ft. of sod with initial fertilization***
! 21 cubic ft. refrigerator with icemaker, range, dishwasher, ! Landscaping package by Builder
garbage disposal, and range hood ! Attic access
! Wood grain kitchen cabinets with post form laminate ! Front porch under truss with concrete floor
countertops from Builder supplied choices ! Ventilated closet shelving by Builder
! Window coverings by Builder
! Mailbox and house numbers by Builder

_____________________________________________________
All pricing includes a 5,000 sq. ft. standard lot in Bayside Approved by Buyer Date
Park.

_____________________________________ _____________
Approved by Buyer Date
Blue Oak construction, LLC reserves the right to substitute
materials of similar value. Features are subject to change without
notice.

* Permit and Impact Fees are calculated at rates provided as of 4/1/08. If any increase in fees occurs after this date, or if any new fees are put in place, Buyer will be
responsible for any difference in additional fees.
** Increases in costs related to changes in specified construction materials or procedures, which are due to new codes and/or City/County/FEMA requirements, will be the
responsibility of the Buyer.
*** Amounts over any allowance will be the responsibility of the Buyer.
 Dear Home Buyer:

You have expressed interest in participating in our program for construction of a home in the
Bayside Park Area of Hancock County Mississippi. In connection with the process, we may offer you
the option to select various available services. We wish to ensure that you fully understand that, as
more fully described below, you are not obligated to contract for any of the services offered.

Based on your expression of interest, we will identify and assign a lot to you on which we
recommend your home be built. If the lot is not acceptable you may, prior to securing the required
mortgage, terminate your commitment. Any funds you have advanced will be refunded to you less
any costs incurred by us. If you fail to pre-qualify for lending, all funds will be returned to you. You
may also request that we identify another lot for your approval. Of course, once financing has been
secured on the basis of the lot selected, this option will no longer be available.

We have suggested that you consider mortgage financing through one of the finance companies
that has contracted with us to provide you with the most advantageous buying experience. These
companies are not affiliated with Gulfstream Realty & Development, LLC and you are certainly free
to investigate and select another source of mortgage financing. Similarly, while we have
recommended Luckett Land Title or Paradise Title Services to handle title and closing matters, you
may choose to use another title company.

After construction of the home, we will offer you the option to enter into a Management Contract
for property management and leasing of your home. You are not required to place your home
with us. You may choose another property management company or you may choose to manage
or live in the property yourself. The Management Agreement we offer will allow you to terminate
the contract at any time at the end of each one year term upon thirty (30) days prior written
notice.

Gulfstream may have mentioned the existence of certain Government benefits, such as the Go Zone
Opportunity Act and the Small Rental Assistance Program. You understand that Gulfstream is not
qualified to offer professional legal, tax, or financial advice, and that you should consult with your
own professional advisors to determine whether the programs mentioned meet your financial needs.

You acknowledge that no representations have been made to you by Gulfstream Development
Company, LLC ("GDC”), Blue Oak Construction, LLC (“BOC”) and Gulfstream Realty &
Development, LLC (“GRD”) (collectively, “Gulfstream”) or by any person or entity employed by or
affiliated with Gulfstream concerning future real estate market conditions or the future value of the
property or properties being purchased from Gulfstream by you. You further acknowledge that real
estate values are subject to numerous factors which are beyond Gulfstream's ability to control or
predict. Accordingly, in consideration for your desire to purchase one or more properties from
Gulfstream, you hereby assume the risks associated with those market conditions and hereby release
Gulfstream and each of its affiliated companies and their respective officers, directors,

Gulfstream Realty & Development, LLC ! 4821 Coronado Pkwy, Cape Coral, Fl 33904 ! (239) 542-6906 ! 888-254-8564 ! (239) 542-4715 Fax ! www.gulfstreamrealty.com
 employees and agents from any and all liability which may arise or which may be alleged to
arise from the future market conditions affecting the property or properties to be purchased from
Gulfstream.

Finally, when you decide that the time is right to sell your home, we will offer to list it for you. While
we hope that you choose us, you are free to select another agent.

In summary, we want you to understand that as the purchaser of a Gulfstream Home you have the
flexibility to choose as many or as few of the component services offered by Gulfstream as you may
desire to meet your own particular requirements. Of course, if you have any questions, please do
not hesitate to contact us.

Thank you for your trust in Gulfstream.

Please indicate your understanding of the options and disclaimers described above by signing below.

Sincerely,

GULFSTREAM REALTY & DEVELOPMENT, LLC

We (I) have read and we (I) fully understand the choices available to us (me) as described above.

___________________________________ _______________
Signature Date

___________________________________
Printed Name

___________________________________ _______________
Signature Date

___________________________________
Printed Name

Gulfstream Realty & Development, LLC ! 4821 Coronado Pkwy, Cape Coral, Fl 33904 ! (239) 542-6906 ! 888-254-8564 ! (239) 542-4715 Fax ! www.gulfstreamrealty.com
 REAL PROPERTY SALES DISCLOSURE
Upon the closing of the sale of the above real property additional costs may be required from you, as buyer, in the
form of closing costs. Listed below are major closing cost items which may be payable by you pursuant to the
contract which you are about to sign.

EXPENSE OF SELLER: EXPENSE OF BUYER:

Attorney fees Attorney fees
Recording fees Hazard insurance policy
Realtor fees or commissions Flood insurance policy
Proration of real property taxes Survey
Preparation of deed Proration of real property taxes
Proration of maintenance fees Termite inspection
Pay of existing mortgage Proration of maintenance fees
Termite Damage treatment and/or repairs Recording deed
Insurance policy
Owners Title Insurance Policy

ADDITIONAL EXPENSES OF THE BUYER IF A MORTGAGE IS OBTAINED:

Credit report Assumption fee on existing mortgage
Insurance policy Mortgage company attorney=s fees
Origination fee on mortgage Appraisal fee
Recording fee on mortgage Set-up of escrow account for taxes & insurance
Mortgage title insurance policy
Lender’s attorney fees
These possible expenses can be determined best from the lending institution at time of application. Lending institutions
vary in their requirements.

1. EQUAL HOUSING OPPORTUNITY. A Realtor is required by law to treat all parties fairly without regard to race,
color, religion, national origin, ancestry, sex, age, marital status, sexual orientation, presence of children, or physical or
mental disability.
2. LEGAL REQUIREMENT. All contracts for the sale of real property are required to be writing and signed by all
parties to be enforceable. Gulfstream Realty and Development LLC. recommends that you consult with an attorney prior
entering into any contract.
3. ESCROW. Monies placed in escrow with Blue Oak Construction, LLC. will be deposited by the close of next business
day of receipt and held in compliance with Mississippi law. Any requirement to return said monies will be met only when
the depository account has been credited for the full amount of the check from the payer Institution (per bank regulations
and deposit restrictions). You agree that Blue Oak Construction, LLC as escrow agent, will deposit the escrowed funds in
a non-interest bearing account with a financial institution chosen by Blue Oak Construction, LLC and that the financial
institution, Blue Oak Construction, LLC or any of its related companies may obtain a direct or indirect benefit in
connection with such deposit.
4. SURVEYS AND INSPECTIONS. Gulfstream Realty and Development LLC recommends that you (a) exercise your
right to obtain a survey of the property and any professional inspections, including a comprehensive home inspection
which includes, but is not limited to, roof, termite, permits, plumbing and septic, appliances, pool, electrical, HVAC, and
structural components; (b) retain your chosen inspector to re-inspect the property to ensure that all required repairs have
been made by an appropriately licensed person and in a workmanlike manner; and (c) exercise your contractual right to
personally perform a walk-through inspection of the Property just prior to closing to ensure that the Property has been
kept in the agreed upon condition and to confirm that all items are present which were agreed upon in the contract. You
agree not to rely on Gulfstream Realty and Development LLC or its representatives to determine the property boundaries,
the nature or extent of any easements or encroachments, or to inspect, re-inspect or perform your walk-through inspection
of the property as they are not qualified to make such specialized determinations.
5. MULTIPLE OFFERS. Even though you may have entered into an authorized brokerage relationship with Gulfstream
Realty and Development LLC, you understand and agree that multiple offers may be presented on the property on which
you make an offer, including offers through other Gulfstream Realty and Development LLC sales associates who have
entered into similar brokerage relationships with other prospective buyers. A seller is under no obligation to negotiate
offers in the order received and it is at the seller/s discretion as to which offer to accept, reject or negotiate. You should
not assume that your offer has been accepted until a fully executed contract has been delivered to you. All Gulfstream
Realty and Development salespeople shall present all offers and counter offers in a timely manner unless otherwise
directed in writing in compliance with FS 475.
6. CONDOMINIUMS AND HOMEOWNERS ASSOCIATION. Properties governed by a Condominium or
Homeowners Association are subject to restrictions, rules and regulations and owners of such properties are typically
required to pay various fees and expenses associated with this form of ownership. Gulfstream Realty and Development
LLC recommends that you contact the Developer or Association directly prior to entering into a contract to determine any
matters that are important to you, including, but not limited to, whether there is any pending or threatened litigation
involving the Association or whether current or anticipated repairs or improvements to the property or common elements
could result in a fee or assessment. As a prospective buyer, you may be required to submit an application for approval to
the Association and attend an interview.
7. DEED RESTRICTIONS. Certain neighborhoods and communities have deed restrictions that may affect your use of
the property. If the property is affected by deed restrictions, you should determine the nature of the restrictions prior to
entering into a contract.
8. PROPERTY TAXES. As a prospective buyer, you should not rely on seller/s current property tax assessment as the
amount of property tax that you may be obligated to pay. A change of ownership or property improvements may trigger
reassessment of the property to market value that could result in higher property taxes. Contact the local tax assessor’s
office for more information.
9. SEXUAL OFFENDERS. Pursuant to Mississippi law, the Mississippi Department of Public Safety (MDPS) is
required to maintain a list of sexual predators and sex offenders to enable the public to request information about these
individuals who may be living in their communities. Buyers who deem this information important should contact FDLE
prior to entering into a contract at 1-601-368-1740 or via the Internet at www.sor.mdps.state.ms.us.
10. MOLD DISCLOSURE. Environmental conditions in Mississippi can be conducive for mold growth. As a
prospective buyer, you should pay particular attention to any visual signs of the presence of mold or the presence of
mildew odors. For more information, go to the EPA website at www.epa.gov/iaq and click on AMold Resources@.
11. GOVERNING LAW AND VENUE. Mississippi law shall govern any dispute arising out of or in any way relating to
Buyer(s) purchase of real property or the relationship between Buyer(s) and Gulfstream Realty and Development LLC or
its representatives. Venue for any litigation or other proceeding involving Gulfstream Realty and Development LLC or its
representatives shall be Hancock County, Mississippi.
12. COMPENSATION. The buyer acknowledges that Gulfstream Realty and Development LLC. is being paid by the
seller.
13. SPECIAL ASSESSMENTS: Buyer is aware of the possibility of future water, sewer and dual water assessments.
Contact City Hall of Bay St. Louis.
14. ZONING: It is the buyer’s responsibility to make sure existing zoning and other pertinent regulations allow for the
intended use of the property.

Buyer(s) acknowledges that this instrument has been read and signed before any Contract for Sale and
Purchase of Real Estate described below has been signed.

Dated: _______/_______/_______

PROPERTY ADDRESS ________________________________________________________

Buyer: ______________________________________ Buyer:___________________________