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399
ST. LUCIE CrUNTY, FLA.
Seller agrees that at the closing of this sale any abstract
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which it has relating to Sections 27, 28, 33 and 34, as aforesaid,
shall be turnEd ~er to the Purchaser and then become the property I
of the Purchaser.
5. The premises shall be conveyed by the Seller to the
Purchaser or hi~ assignee by a Special Warranty Deed.
6. The Seller shall pay for the state and Federal docu-
mentary stamps ant-he Deed. The Purchaser shall pay for recording
the Dee\i.
7. Taxes and assessments for the year 1961 and interest
on the aforesaid mortgage held by Circle M. Ranch, Inc. shall be
prorated as of the date of closln~.
tained, and aucn retention shall not bar the Seller from bringing
any action
III failure of
conditions
for any damages sustained by it as a result of the
the Purchaser or his assignee to fulfill the terms and
of this sale. Anything to th,c contrary notwi thstanding,\
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I sum of $10,000. In the event of such default, the Purchaser or I
,I his assignee shall have no further interest in any of the proper- !
I ties owned by the Seller which are the subject of this contract of i
I sale and purchase and option agree~nt co~t'ined heroin. I
II I
II 9. H. ROy Penzell Associates, Inc., 405 Lincoln Road, I
jlMiaml Beach, Florida, is recognized by the parties as 'the broker !
1'\ vitia has brought abo',.lt this transaction. The Seller agrees that it i
II will pay to said broker a commission of five .per cent '(5%) of the I
II total purchase pr~,ce of $375,000, or a total commission of $18,750,1
Ii only if and when this transaction is closed. If the transaction i
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I is not closed for any reason, whether due to any default of the I
trle
measure of damages sustained by Seller shall be at least this
Purchaser or Seller, then and in such event the broker shall not b
II ent i tled
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to any cornmissions wha tscever.
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