HomeMy WebLinkAbout1856
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.S T, ~_~I~, C::UNiY, FlA,
I at its own expense, a reissue binder from Burns, Middleton, Rogel's
fand Farrell, Esqs. Seller agrees that at the closing of this sale,
I any abstracts which it has relating to Sections 25, 20, 3~ and 3c,
aforementioned, shall become the property of the Purcnaser. How-
ever, as long as any balance remains owing on the note and mortgage:
to be given by the Purchaser at the closing, Seller shall be en-
titled to hold possession of those abstracts covering the property
subject to said mortgage, with the understanding that the Purchaser;
shall have the right to reasonable access for the purpos€s of use
and reference to said abstracts.
6. The premises shall be conveyed by the Seller to the
Purchaser or his assignee by a Special Warranty Deed.
1. The Seller shall pay for the State and Federal documen-
I tary stamps on the Deed. The Purchaser shall pay for recording
the Deed.
8. Taxes and assessments shall be prorated as of the year
of the sale as of the date of the cl08ing.
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performance of this agreement, the $110,000 deposit paid to Seller i
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Seller from bringing any action for any damages sustained by it as I
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a result of the failu~e of the Purchaser or his assignee to fulfilli
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9.
If the Purchaser or his assignee shall default in the
by Purchaser shall be retained by the Seller as partial compensa-
tion for ~amages sustained and such retention shall not bar the
the terms and conditions of this Option Agreement.
Anything to
by I
SUCh!
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no further inter-I
Ithe contrary notwithstanding, the measure of damages sustained
Seller shall be at least the sum of $110,000. In the event of
default, the Purchaser or his assignee shall have
est in any of the properties owned by the Seller which are the
subject of this Option Agreement. I
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10. H. Roy Penzell Aasociates, Inc., of Miami Beach, Florld~,
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is recogn1~e1 by the parties as the broker who has brought about I
this tranaRction. The Seller agrees that it will pay to said I
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