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Home My WebLink About1975 ~,]r r~ ~u c ~ u~c or~ ( ` ~ ' ~ ~ r 311959 ~ zvo. s 0 5 2 4 4 7 . roar ar. I.IIt~ DNISION ~ ( . ; ~ rr. r~wa~ n.osw~ a a~.wa. a . :l~g~-`r.~ GIIdERAL DEVF.LOPN~IZ COAPOA~?ION . • Fti P~aro~, ~1or~aQ, E c_1„4_ r~t J~i . l.~i~~~d..~ L.~Q.ml.ro.GG~iO f~~~ O GSSe ~ n~~ ~ Ce~"~c~ a c~ 9e'~S . herein ~ callad the purchaaer, herabY ~PP~ee to GENERAL DEVELOPMENT GOAFORATION. a Delaware corporation author~ ~ ized to trmnsad businesa in Flortda, its euooeaso~ra ~d assiqna. berein cplled the Subdivider, to purchase for a~ a~•as-ac - p„~~ of ~ 7s' o oy Lo~r • a s~ ~ s~«:~ i~ ~ 1 y poKr sr. LUCIE SUBDMSION, according to the plat. a c:opy oi the sadd plat having hesetofore been filed wlth the Bo~d of County Commissionera ' of S~ Luc~a County. Florida, ~d subject to the terms, conditions and ooven~ts o! this applioatian. The payment oi t J~D . upan the aigning o~ thia appliartion by the purctya~ser (if by checl~, then "payment" mecros that it ~ will be deemed payment it the checl~ is padd promptly upon presentation to the drawee bamk) will, if the Subdivider ~ aocepts thi.s appli~ation by signing these presents. be caid become cm ecQUest maney depoeit upoa the purchase j prioe oi eadd property. The entire purc~~se price shall ba pand as followa: dTATE OF f'~ORIOJI ! COUMTY OF DAOE j pt~TC~ffiA ~O@ s' • ~ I1 AereDY certfy tASf on ?Ats day, belors rrts. a Atote~Y PuWfc duly ~uthw.~td in th~ sbte anG ~y na~ne above to taM ecknowt ~ RmMls, CiQB~I ~@~t ~AbOV@ R@~@1'S~A~ t0~ y~~~0 • C~C~ Oersc^atFi aPtws.ed_ ~ - - - i fo n~~ inc~+ern to he :hs otr:on ar.s..~-,...~ ~s 2`~e .snr ;~.^w.3! Devplpp. euld &tl~ce oI PiinC~pCtl . n:e:n Co.:.o.,,~~nn i•, ~n~ w`,r tir_~.r.e.~ ~ti. • r ~S, ~ s. DO. ~cknowl~t~ed axture me f~ei t~~t i•' `t};..i.~r ssle.snd , ~[1 ~19 ~lIIOl3llt Of srrw~ e:~cvtet •tii. ~ f.r,~, . a~trstt ~ ~p 'SZ'! iq ~hr n.m~ 4f ~nd l.~r th,t tor~to•~ti~; tti+! ac t,:A /~:~n• ~hat p~rson Is tuy eute.ui: rd ey ~hse eaw.»::wn ~o do so- a• . Lr~.p~ jA i~c~-!i'~i . ~conVut la tale Is tne set snd cont.a~ c ef tbai eo+rc'~.(a4~ J ~ mY h,~ antl off i~l usl in !h courity~iptt~st~te niT~~,~'r J,. e h a l t b e payab l e i n e q u a l m c athly i n s t a ll m e n t s o f ~ ; J i,~ • ~ ; M / ~ ~ ~ ~ ` l ~ P,~ . ' d~ j~'.T~' ~ i l~1 ~ r_ ~ V eacb, oommencing ane mo~th from the date ~~.i-~~~1~ ;~s fi~ of aooe tanoe b GENERAL DEVELO P M E N T C ORPO R A- "a•~r PiiD1c •~`~~/~'.J P Y ~w? ca.~,~:~ . ! , ~y ~ ~ ~ TION, as shown on the reverse side hereof, cmd continuing ~Ot+~hi Pr6&, S4tc of ~A`or~s n~~' ~ monthly thereaiter until the p~i:?dpal cmd interest have bee~ pcdd in full. The unpcdd ~~~s~ofYpheti~~~~~.asd on this contract shall bear interest at the rats o~ S X per annum, aomputed hom and ai F~ 3 each monthly payment shall be applied first to interest oomputed aa aiorescdd an the diminishing and unpcrid . principcYl balrmoe amd afterwm~d to p~incipal. This provision is subject to the aooeleration privilege hereinafter ~i oontcdned if the purchaser detaults in the performcmoe oi this oontract. ~ The use of said lot is restricted in aooord~oe with the restrictive oovenmits aa the reverse side hereof, ~d the kmd hereby applied fos shall ba sold and vonveyed subject to them. If aand when the purchaser, without being in defauIt hereunder, eHecta paym~t of the 6r?al installment of the . unpcud balcmve, then the Subdivider wilt deliver to tha peuchaser a oerti~oate. of title insur+a~ve issued by a title insurcmoe oompcmy doing business as such in St. Lucie County, Florida, which verti~ioate oi title insurcmce will show that the ti#le as eonveyed or as then about to be c~a~veyed by the $ubdivider to the purchaser, is good, mcQketable or insut~ble; but nothing herein contained shall be co~~strued aa oonstituting the Subdivider in default hereunder if the'titte insurcmoe certifioate shows claims arising by the Qctian or omission of the purchaser, as distinguished from the Subdivider. Delivery of notioe the Subdivider desires to make or give pursuamt to the terms hereol may be eifected or given by persanal delivery or by mcril, addressed to the purchaser at the addresa hereinabove indi- j cated as suc~i. Upon the payment, t~u~ough ths normal and regukar paymenta required hereinarbove without ouiticipation or p~e- payment, of all of the manthly payments required by the parchaser to wmplete the payment of the entire purchase ~ prioe ot the lot(s), Subdivider will execute and deliver a wcar~ty deed free cmd cleoor of all encumbromces ~?d ~ liens, exoepting restrictions appecaing on the reverse side of this agreement ~d any reIeva~t zoning ordincmces amd tao~es for the year in which such deed is delivered, if the sond taxes shatt not then be due cmd paycsble ior ~ such year; mid the Subdivider will, also at that time, have c~ompleted the paving of the street in front of the lot(s) ~d aLso the side street abutting the lot(s) if the scune is a eomer lot. Sadd deed shaU be prepared cri the expense ~ ot the Subdivider. The required documentary stamps shall be plaCed on the deed by the Subdivider. If aiter use ~ ot reasonable diligenc:e to mal~e title insurable, Subdivider is unable to do so, Subdivider may retuin to purchaser t all moneys pmd under this ooaitract cmd thereupon shall be released from ~y cmd all obligations hereunder, ~ including brolcer s oommission. Though the preoeding p~ovisions of this ixaagtaph conier upon the purchaser no - privilege ot prepaying the unpmd balmzoes in adv~ce of their respective maturity dates, the Subdivider grcmts unto the purchaser the right to prepay the unpaid balamoes due under this c~ontract, in whole or in pc~t, but with the underst~ding cmd agreement ihat the Subdivider wiA not be required to deliver unto the purchaser the certifieate of title insurcmce a~d wcar~ty deed hereinabove provided for cmd complete the paving of the sheet, ~ hereinar~ove provided for, until a date which would be the day upon which through the normal cmd regulcu~ payments required p to be made under this eontract without ~ticipation or prepayment of all of the monthly payments required by the is purchaser !o oomplete the pQyment of the entire purchase prioe of the lot(s). The Subdivider ma~? acoep! or reiect this QpplioaHon without explcmbtian. If this appliaation is rejected. or if the Subdivider has not acvepted this applivation to purchase within thiriy (30) days from the date hereof, the deposit shalt be retumed to the purchaser amd both poirties shaU be released trom atl obligations hereunder, cmd no sales commission shall have been eaQned by, or be pcryable to, any real estate broker or agent in connection with this ; trcrosaction. IE the Subdivider aevepts this c~ppliocrtion within thirty (30) days from the date hereoi (acceptcmee to be evidenoed, as atoresaid, by the signature by the Subdivider of a oounterpaQt hereofl, then the within applieation 'i shall be deemed immediately trcatsformed into am agreement or 1~?d oontrart wherein the Subdivider is the vendor tit rnzd the purcharser is the vendee; cQed all of the other relevcmt refeTenoes herein contained to "this applioation" 4' or !o "this agreement" shall thenceforih be deemed to meam this lm?d oontract ot scile amd purchase. If the purchaser shall fcril to observe or camply with cmy of the terms of this agreement on the pcat of the ~ purchaser to be kept cmd periarmed within sixty (60) days after the Subdivider shall hcrve given the purchaser ~ writtea notioe, then amd in that event all payments theretofore made by the purchQSer shall }.~e retcaned by the i - , . . . . ~ o. ~J~ - . ; ~ ~ . . Ba~~ ~.7~