HomeMy WebLinkAbout0057
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6 C~
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'57'
ST. LUCIE COUNn~ fLA.
by the Fartiss heL'eta t:la.t Buyer intends to devel.op tht:: lands which are
the subject of this agreement and improve the s~me by the planting of
citrus groves thereon and to resell the aame as improved. It is agret:d
that title is not merchantable for the pur-pose sought by Buyer unless and
until said "ReRerVo.tionsll a.re released and quit claim~d and the title to
such outstanding H.es~rvationl3 vested in Owner; however, Buyer will
waive an encumbrance on the titl6 t~ tile extent of a reservation in said
State Board of Education of Flcrida, and its successors, of the bare
ownership of an undivided three-fourths interest in, and title in and to,
an undivided thce-e-fourths interest in all the phosphate, minerals and
metals that are or may be in, or i.mdcr the said lands;, and the bare
ownership of an undivided one' half interest in, and title in and to, an
urldivided one-half interest in all the petroleum that if:! or may be in, on
or under the said lands, However, the privilege presently reserved
unto the said State Board of Education to m1 ne and develop the hereiu-
before mentioned sub-surface elements as well as ell other reservations
in the State Board of Education of Florida as a~e reserved by the deed
of conveyance hereinbefore described mL'st be released and quit claimed
unto Owner at or before closing, It is the pu::-pose vf this paragraph to
enable Buyer to reject the title to subject land as being unmerchantable
should there remain outstanding any right, title or interest whi....~. would
enable the holder thereof to disturb Buyer, its succeRsors and assigns,
in the uninterrupted possession of the land which is the subject matter
of this agreement.
20. Owners shall pay such real estate commission or com-
mis3ion~ as may be earned in connection with the sale of the property
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