HomeMy WebLinkAbout1875 a~ I.~~sora a~rN to we dw diZiQence to do •o. It Ussor• •re unabl~ to
clear titl~ rvithin oae buadred twenty (1Z0) days atter the datc fised !or
oloaio~ tben Le~se~ ma~ elect to talu tltle ~nb~ect to •qy d~i~cta and proceed
w?ith clo~iag or Leasee may elect to termioat~ th~ ca~traat to purcha~ •risias
irom ~..:e~is~ oi !t• optto~ aad in ~uch event, ar lquf~dst~d da~~s ior
thetr lnability to conwy Qood aad a~ric~tabl~ titl~, tb~ L~~sor~ ~h~ll pay
to the Lessee the aum oi 1'hre~ Tteou~aod (iS, 000. 00) doll~?rr. In the tvent
oi th~ esercis~ oi tDia option, th~ L£ •see shall be entitltd to remain in
po~~esabn ot th~ premf~~, iree oi reat. until th~ transacti,on is clo~ed,
or ii t6~s tranaaction fail~ to clo~e on accoant oi the unmarlcetability oi
L.essors' title, thea uot11 tbe aforesaid lfqu~dated daaaa~es are paid. I.e~~ors
aclcnowl~d~e that they bsve c4used title to the demis~d premtsts to be a=amiued
and i~.nnd the ~ame m~ricetable ao oi the date hereof. At the time of clo~ioQ,
p~r~uaat to th~ e~cerci~e oi thi~ option, t~poo pa~meot oi the porcha~e price,
tht I..~~sor~ ~hall es~cnte aad d~li~rer to the Le~ser? a Qeatral warranty detd
coave~io~ ~ood 4ad marlc~etable title to the above-described premiees to Le~~ee
aad Lessora sLall pgy ior document4ry ~t~mps aad su~ta~c oa sai,d deed. AU
i p~ ir~. ineludin~ e~mioatLon oi ttti~, shall be borae
! othe r es n~e • oi clo~
~ bq Ls~~e. No real t~tate brofc~r other thao tbt L~4sor i~ involved ia this
tratuacti~oa and no re~l. ertat~ comnai~sion shall b~ due or p4~rablt.
iZ. Aqy aotice raqntred to b~ ~ivea hereuader shall be d~emed
•liectiv~ it m~?iled to Beclur Ciro~es, Ioc. at 4075 VirQinia Avenue, or
Pb~t Oitics Bou SSOt, Fort Pitrce, Flor~da. aad ii mailed t4 Geor~ O.
Coac aud Ora Buras~ Coac at Pnst Oitice Boz 1719. Fort Pierce, Flor~da.
13. Tbis a~r~ement ~b~ll ba btadin~ upon and inure to t6e bewtit
~
~ oi the psrtLeo tkreto. their h~ir~, ~ucceo~or~ aad a~signs.
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