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HomeMy WebLinkAbout1486 i . ~ ~ , to obtain a final and conclusive change ir~ the zoning elassification from ~ ~ Agricultural to Industrial. as set fort}i above prior fio the LO day of f _ 1965, then the depc~si~ shall be returned to the Optionee within ten (10) days after the Z~ ` day nf 1~,~-~L~ , 1965. 5. Within fifteen (15) days after execution of this Option to Purchase, the Optionor sriall furnish, at their own costs and expenses, and deliver. to = U'LAUGHLIN AND OtLAUGHLYN, Attorn~ys, 207 South Second Street, ~'ort Pierce, ~ ~ Fl.orida, an Abstract of Ti~1.e prepared by an Abstractor acceptable ta the ~ aforzsaid attorne s for th^ 0 tionee showin ood and marketahle title to said ~ Y P ~ g g ~ t . real estate. If the title in fee simple to said property, as shown by said Abstract of Title, is vested in J. W. MORRIS and BESSIE MORRIS, his wife, and is iree and clear of and £rom all defec~s, liens, encumbrances, taxes (except 1965 State and County taxes which shall be prorated) and assessments, then 0'LAUGHLIN AND 0'LAUGHLIN, as Trust~es, shall pay to the Optionor, the lialance ~ ~ owed on the total purchase price on or within thirty {30) days af~er approval~ s of zoning change. The Ogtionor and the Optianee also agree that the first ~ mortgage encumbering the above-described property will be satisfied on date i of closing from the proceeds of this sale. * See Faragraph #9 6. Upon performance by the Optionee anc~ the Optionor herein, the Optionor shall execute and deliver to th~ Optionee a deed of conveyance in the form of a Warranty Deed, with the usual covenan~s, and possession of said property shall thereupon be delivered to OTLAUGHLIN AND OTLAUGHLIN, as Trustees, or their nominee. The Opti~nee wi11 reimburse the Optionor for the expense of the documentary stamps for th~ deed. 7. In the event the Op~tianor defaul.ts hereunder, the Optionee shall , have the right to cancel this agreement and the Optionee's deposit shall be - returned upon demand. In the ev2nt the option is not exercised by the Optionee, the Optic~nar shall be reimbursed for the expenses in eonneetic~n with this O~;tion agreement and the remainder of the deposi~ will be divided betw~en the Optionor ar~d the Broker. ~ 8. This agreemen~ shall. be null and void in the even~ the property ~ x _ is no~ zoned for Industrial use or in the event that a soil analysis or topo- grap}iic surveys prove that ~he property is not ~uitabl~ for the construction of industrial buildings or structures. The Optionee shall have the right with their em~loyees and agents to enter on said lands and premises at any time for the purpose of conductino the necessary soil analysis and - 2 - ~G~K ~.~5 284 . __r .