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HomeMy WebLinkAbout1985 P0~111 U12 FLOlIDA Cwnca w M a~1 D~~ i«Ms . ~ iv~e~wwn wss~sisso vs ~w~ w..a. ~ TWilelaa A~ A~O+~S/wx J~NsaQK ~ ~ Fort Pierce, Florida Deceffiber 12 1~ 66 } Receipt ia hereby avknowleti~sed ~j the su~m o~ ~ Dotlara(j250.00 ) F~om Roy E. Jenkins, or assignee, ~toute #4, Box 469, Fort Pierce, ~ Florida aa a deposst on aeeount oJ tha purehase price of the followin$ deso~ibed p~opert~/ upon the terms and condition,a as stated herein. Description of Property: Lot 14, Assessors Map of North Part of Ft. Pierce (Plat Book 1, page 164) and Lot "O", Indian River Memorial Park (Plat Book 10, page 36, public records of St. Lucie Countv, Florida. • Purchose Price: THIRTY THOUSAND AND NO/100---------------~-------- Dollara~30,000.00) .Term,s and Condi~ians of Soie: All cash upon closing which the above deposit shall be a part thereof. This entire transaction shall be contingent upon the receipt of FAA approval together with mortgage lagn ,~oney being available for the construction of a multi-unit apartment bik3.lding located upon the subject real property. This agreement, 1n effect, is an option subject to this contingency wherein the purchaser shall have six manths fram date of this agreement to obtain the F8A approval and financing. In the event FHA approval or the funds E~ Taxas, insumnce, :nterest, assessments, reats, tiens, certiJted or pendin~, and other e,xpenses or reuenue of said property shall be paict, assumed or pro-tated os follows: As of closing. It is hereby a~reed that th:s tmnsaction shall be closed and the purcicaser sholl pay the balance t and e~ecute alt papers necessary to be executed by him for' the completion oj purchase within thirty days from deiivery or tender to him oj an abstraet of the aaid property; otherwise the sum th.is day paid shali be ret~ined b~ the seller as tiquidated arul a~reed damages, and the selter shali be reiieved from all obli~~ation8 under this instrument. - , _ ( The aeller to furnish an abstract showing title to be ~ood ` and marketable or a policy of title insurance, but in the event that the tiG'e shall not ~ be found good und marketable, the aeller a~ree s to use reasonabts dii~gence ~ to make the said title good and marketable, and shall haue a reaaonabie time so to do, and if ajter reasonable dil~gence o~a his part said titte shali not be made ~ood and marketable within a reasonable time, the seller may at hi$ opt:on, return the money this da~ paid and a11 moneys that mab have been paid to him ~ under this contract, and the~eupon sh,olt be reieased from ali obli~at.ions hereunder. This contract ahail be bi:uiin~ upon both parties when approUed by the owntr of the property aboue described. NO RF.AL ESTATE BROKER " 1;~oker. I agree to purchase the above described property on the terms and conditions stated in the 1ore~oin~ instrument. Witneas: . - ~ ~ ~ r i . a~ree to seil the aboue mentioned property to the above narraed purehas~ r on the terms and conditi.ons stated in Lhe above instru~nent. W itness: . L~~~•C!' j-,~~~•v - - , ~ BOOK 161 PAGE 183 ~ - _ - - - - - - . ~ ~ ~ : ~ ~~~-~~~ti~-~~~~ ~ ~ - ~ v~-~ : ~ ; - F ~ " _ ~ ~ y _