HomeMy WebLinkAbout0403 ' ~ • . ~ • ~ 17"9383 :
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DEPOSIT RECEIPT PENDING COtiTRACT ~
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067'O~ift 1 ~ 968 ~ t
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. GENERAL D~VELOPMEi~T CORPORA~ION, a Delawnre corpor~tion, hereinafter
referred to as S$LLER, acknowlea e8 receipt o! S
f rom Dr.BMn. a.Y. H~rrold 11d. ~~ut R.,B. S Lat • .
here na ter re erre to as PUR HASER or a o ow ng purposae: ,
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1) 3ELLER an8 PURCHASER agree that the aforesaid deposit shall ~
be-held by SELLER pendfng execution of a purchase contract between ~
tt~e parties for the construction of a single-family'reaidence on tbe
followinq described property: : ~
Lot 1~~ool~ 1 S9 8aut~h Pbst 8t. Iuoi~, ~loarida.
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2) S~.LLER expressly _ t:= s above-described lot will be ~
~ reserved for PURCttt'~:~i:F: ;3.::.._ xe. ..~cn by botr. parties of a mutually ~
acceptable contract. F_u~ _ ~w no. _v~_r, that, if tl~~ par es are un-
etble to aqree not later t:l... _ M~_ 3a _!46 o pwcchaao 1
priea, terras, construction p~..... a:_w specif cations other related ~
contructual matters, eitner ra~ ~:.y :..ay elect to ter~cinate thie aqree- ~
want and the ai~ove ce~osit sha~~ be proir~ptly refunded to PURCHASER. ,
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3) In the event•of refunU being made, each of the partiee ahall
tnereupon be disch~raed fro~. .:::y si~n all further responsibility or
liat~iiity eacli unto the other.
4) S~:LL~.R ano PURChAS~:t ~xpressly acknowledge and aqree that
tne deposit referred to abov~ is in the nature of a good faith deposit
~a;;e for ti~e purpose of reserving unto the PURCIsASER tor a limited
period of tiu:.e the propertj a_:ave c.c:scribedj and that there ia no
othor agreemer,;: or understai.cii:~ between the parties, verbal or writ-
i ten, expressed or iDnplied, o~:er ti~an as set forth herefa. -
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~ ~ Iti wITNESS WIiEREOF both p~: t.. ha~~e. :.ereunto set their re8peotive
hands and seals t.~-:is ~~t ~y ~t •19_~.__•
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O~ GVii~~s OQ S~ Gv~ (SEAL~ .
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~ SELLI:R: `
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~ GENEI2AL DEVELOPt1ENT ORPORATION
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