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s. It. 15 undcret.ood by the parties.to this .gr....nt. that. tf'lfi e.f?MtChfsl.:dtt61.1
property ehall tIe 801d and p\lrCha..d INbject to the raat.rictiont' and lil!lit-
.t10M caeon to the flei,ghbort-.ood subject to IJ~ ~aMlMnt.a for publio
.... t11 i ties th4t 1M.)" bu of record or ruy beccae l1f!n!J thrOUf,h ~ndi na 1 (IF-h-
I.tion before; clo81~ vhid\ raJrf ~ dedicated u part of the plat of th1.e
S\i.txU vision and rrob.1"ct to ~ other e."eent.!J, re~tr1ct1or13, et\Clahrant8a
lUx! re8t'}r'vat,iotl:! of racord, no.... or hertJaft.,r granted by the Seller prior
to clo~ing.
6. "'!thin thirty (0) day!'! prto)" to the date thRt. find paYI!'l<mt 15 duo if
this shall be an lnllt.4l111litmt aale, or wHh1n dAY8, frOO\ th'l
date of tM.6 contract, ehould it 1:..">(1 . a cash 5ale', the Sell(J~ vill furn1sh
to -t.tw ~yer at tho Seller '9 opthHl:
A)
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An .b8t4act of title prepared by a 11ce~eo ab5tract cOMpany
c~rtificd to the dat.e of thi~ cont.ract or to a date within
thirty (}:J) day' of the la!.Jt paY'l'lent date, sho\'i i'(' marketabl{:
or inaurable title ~~ the Seller or:
sr
If tin ubl5tra.ct 8hall be doli vored nnd Sellor' e ti Uo, upon
8:umimltiofl, \3hall t)Q found not to be n.arketable or i.n5uI'i\bl f:!
the Buyer or his .attorneY shall 60 notify the )eller in vrlt1ng
ttpecify1r.g the ~feCt5) IU"ld the SeHer ~hall have fdxty (t:{))
daytl frCl"i tho reco1 pt of S'..Ach notice to cure tho dcft~Ct9 80
epecified. If the defect5 are not cured then all monios paid in
by the Buy~r 5hall be returned to him on demand of the &J.yer Oi.
the Buyer llla)' \-'s1va U;fJ deft1i~t~ and accept tho title in its t.hen
cono1 t1on.
7. Tho datfl of closi.ng shull be on or before S:OOP.H.
All tiM 01. installnont salce; tht3 date of clo8ing 5hnll bo th"J data
of contract ~d m.ont.hly paym43nt3 to begin thirty 00) days from that
date. Place of closing shall fJoe ('-0'10 P.eal t)' & Investment Coorp-aJ1Y,
3900 North i"~ara1 Highway, POlllpa.no Beach, Florida or any local office
ooB1gnated by th6 pu.rctuHHH".
8.
It is ll\utually agreed th;-t ahould the lbyer defAult in ~ of th~ t~m5
or provisions of the agreement, the ont1re bnlance payable hereUJ-.der
ehall then become dUA tmd 1rwnedlatt>ly payable and the Seller mey at its
option:
l} Bring action for ~peclfic r~rro~~e of thie (~reement or
2) D(}cl,1:it'~ the paY1"enta F..ade hereunder to dote of the bl"each of thl a
!\sr~~iJ:nt 88 the agreed liquidated dJI'Hlgt1a, 1n ....hich ev.)nt thia
~gr~r.ent shdl temin,,'\to 9,nd Buyerlft rights hereu.ndor ahall be ful.ly
t-wrm1n.ated, and th~ [)uY~J' sti4'll havo no inten:3t 1 n the property
~.!hllt8r;;{~Ver 1 Uno being of the O!HHmC$ of this a..greeenent.
9. 'l'ha atr(.et ~n front of Gaid lots io to he paved and \(ater llViim.1 lRid
acco891b16 to and for the e~rvice of !laio lote at the expenae of t.he
Subdtv!dn.. Ho 5ca....a.ll ahnll b~ er~cted or construct~d by all.Y lot o~)Cr
~xc~pt PUJ"ir'..lMt to " COM'!tO.... plan approved in lfrit1n~ by tM C~itte~.
The Sub-d1Vid~r re~6rve5 the right and option, h(tA6VCr, to cot\!Jtruct 0
50lWSll 31o~ tho lot l1neg on MY, rond/or all cans.]t;, l&ke t'rontl'l and
Intra!:oRs41 FAt..~rn.y, and iJpon th6 co:'!pl€y..ion of i>J'iY such Itlc{lwal1. on
;;;:1.''1 ca.1\tLl the actual coat of ouch OO/iWAll ~hall 00 peid pro-rata by each
QJi.? ElVt!ry lot QWllBr bordoring on said cliIll\l J and any s-uch senvu.11 ehllll
(l~1;IM 6 lien to arie-e l!.nd hI') cr-aated in favor of thn Subdivider and sgEd nt.t
~ach 8M 6'V"et)' ~buttl\1fl; lot oWll6'f for the full Qm(;\Lf)t charfSeable to ~'lch
lot" wd the ~Atnt t.4i)":>.-b16 by each at:n.\.tting lot <.-",,-nershall 00 dUG trpon
tt.a complotion ol flueh f}fHfltf\ll.
10" All :<\onle3 rued ved tl>:;reunduJ:' ta..'1Y be tl!'led by tho ~~D ar for the d.welop-
fl<61) t 0 f <X.lf1A L 00 VE B R.A Gn ·
11. 'i'ha j)lj"6t' nlv.111 b..rt....o HO 1ntel,,;:~t in th~ propert.y ooinR purcf:.a~oo untH tha
~ntL('fJ pJJ\;hf\!le pri.ce is paid in full Or' unt.il an exchii-nga of deed nnl
pvxcha!lc 1fftJ1Hry ~rtg3g{1 shan 1'.......111 ba~n ~ff$-otedf in th" ovent s purCM5~
EWf'tg,&ga i6 arr(u'-~{>-d fort vith the i}.rj'6r.,
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