HomeMy WebLinkAbout2093 i 1~~3~J. J ~~f-
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:"rilS I:~A~~TUF:E, ;',ade this G'~ day of .~-yt,.Cr ~ 19
batween G~:\ERAL DEVEIpPbiENT COItPORATION, a rporation existing under the
laws of the State of Delaware~ having its rincip8l place of business at
2828 Coral Way, Miami~ Florida, and lawfully authorized to transact busi-
ness in the State of ~lorid~~ garty of the first part, and
Paul R.,r,lSch~,~iber ~C~du , party of ths ae~ond p~rt, whose mailing
address ie:_g0101 Forest Gen_ ` Pa oG Pa?~. Tt t; n~j~_
W I'I'~ ES S E Tti :
That the said party of the fi.rst part, ~for and in considera~ian of the
sur~ of TE11 DOLT.ARS AiVD QTNER GOOD AND VALUABLE CONSIDERATION to it in
hand paid by the said party of the second part, the receipt whereof is
hereby a~knowledged, has granted, bargained, sold ~nd conveyed to the said
party of the second part, his heirs and assigns forever, the follo~,ring
described land situate, lying and being in St. Lucie County, Flo ri da, to~-
wi t .
~ , Lot 3, Blo~k 15, 50UTH POR'~ ST. LUCiE ~
LINIT THR.EE, according to the plat thereof
,Qx '~~~~~~~t' reco rded in Plat Book Z2 at page 4 of the
p~~ Public Records of St. Lucie County, Florida. i
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E'~`It SUBJ~GT TO THE FOLUJWI~G:
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~`g N Conditions, restri~tions, reservations, limitations
"Q' " ~a and easements a earin of record if an this
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~O~~IIII(idllui reference, ho~aever, shall not operate t4 reimpose _
s au?e .
A1Nf10a Ad valorem real property taxes for the year 19 65
~~~n7 '1.S and a21 subsequent years.
Zonir.g and reguiatory ordinances of governmental
agencies ~~aving jurisdiction over the premises.
I~ is an express condizion aE this conveyance that the grantee herein shall
cor;:;^,ence const ruetion o£ improvements consisting of a single-fami ly resi- ~
dence upon the subje~t premises within six (6) months from date hereot and
shall conplete said i:.ip:r,vements nat later than six E6i months from date of ~
cor.,s,e~cement of constru~~ian. If the grarttee herein shall. fail to comrr.ence
cunstruction of said improvements within six (6) mon:ths from date hereof or
" srall fail t~ complei-z such improvements within six C6) months fram date
or cor.uner.cement of ~onstruction, the grantor herein reserves the privilege
ar,d option to repurchase the subject premises for th2 sum or $ 4,600,00 .
`~he parties hereto expressly agree that this condition shall he cunstrued
. as a covenant running with the iand. Pravided, however, and notwithstanding
E t;.e option provision hereinabove recited, if no conveyance appears of record
~ ~ro:~ the grar,tee herein to the grantor heczin within eighteen (18) months :
~ tr~;: date nereof, said option grovision shali be deemed to be void and of no E
~ s ~urtY.er farce ox' effect, and the condition running with the land herein- ~
F above set f~rth shall be deemed cancElled and held for naught; and all bona 5
' ~ide purchasers for value, which term shall include mortg~gees, lessees, de-
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E ViSP..eS or grantees, their heirs, persanal representatives; Succe5so~s and
assigns, and all parties clai~ing by, through Qr under such persons, may
tr~~reafter acquire any or all o€ the interest in the subject premises sub-~ f°
sequent thereto free of said option and restriction. ;
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