HomeMy WebLinkAbout1543 WITNESSETH that in considerat ion of this lease and ~'_:..00
paid by Lessees to Lessors, the Lessors hereby grant to the
Lessees an option to purchase the above said real and personal
property dur ing the l ife of this lease upon the fol lowing arms
and cond it ions : '
A. The purchase price shall be ~18,000, free and clea•r
of all liens and mortgayes. ~ ;
B. The Lessees shall pay ~1,OOb at closing as a cash
payment, and execute a note and mortgage for the balance due.
C. The balance shall bear interest at six per cent on
unpa id pr i nc i p 1 e sums .
D. T he balance shall be paid in monthly installmenLs of
~125.00 per month including principle and interest.
E. This option to purchase shall be exercised by Lessees~
giving notice in writing to Lessors that the Lessees have elected
to exercise this option, upon receipt of said notice the Lessors
shall furnish within 15 days title insurance or an abstract of
title showing a good and marketable title to the above described
property, Lessees shall have 15 days to examine the title and pay
the ~1,000.00 cash payment to Lhe Lessors.
~ F. The transaction shall be closed under terms customary
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~ in St. Lucie County including the payment of stamps on deeds,
notes and mortgages; prorations shall be made of taxes and
insurance as of date of closing. ~
G. In the event the title is found to be not good or ~
marketable the Lessors shall have a reasonable time in which to
c lear the t it le or Lessees may take t it le in its ex ist ing cond it io .
H. In the event that Lessees surrender possession of the j
premises pr ior to exerc is ing the ir opt ion to purchase, then in
`~l~h:t::.tr~t:
that event sa id opt ion sha l l be n ul l and vo id .
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~_~'•.~t~. This contract shall be binding upon and shall enure to
- the benef it of the he irs, persona 1 representat ives and ass igns
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- of the parties hereto~ providing the Lessees may not sublet said -
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premises without the consent of the Lessors which shall not be
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sro~e a sTONe unreasonably withheld.
nff~.~eys ~t
sza s«,rh 2nd sr.e.r
F~ P~erce. FI~. 33450
60~R ~c~ t~
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