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ice machine, office safe~ stotre and refrigerator. Seller to
furnish affidavit of no liens in accordance with Florida
Uniform Commercial Code evidencing cl~ar title w;thout liens
of all such personalty, provided that any existing liens cover-
ing such personalty at closing shall be deducted from sale
price proceeds.
Taxes, rents, interest, assessments, business li-
censes, other expenses or revenue of the property shall be
prorated as of date of closing and Seller shall notify, in
writing, store tenant that rents payable after closing shall
be paid to Buyer.
Seller shall be responsible for all loss by fire,
hazard, vandalism, or otherwise prior to closing, and further
agrees to insure the praperty to maximum insurable value of
. building and contents to and through the closing date here-
under. .
Seller to transfer all Alcoholic Beverage Licenses
utilized by said premises and/or business as of date of this
contract unto Buyer or Buyer's nominees or assignees, free and
clear of any encumbrances. Seller shall use due diligence in ~
i
~ making such transfer, it being specifically agreed that trans-
~
, fer~of such licenses is a condition precedent which must be
~ performed on or before closing hereunder. For purposes ot al-
locating purchase price it is mutually agreed by the parties
~ that the value of all Alcoholic Beverage Licenses hereunder
~ contemplated covering Seller's business is the sum of ltaenty-
Five T;housand Dollars ($25,000.00). Annual Alcoholic Beverage
Licenses fees to be prorated as of~date of closing.
~ This agreement is further contingent upon the Buyer
~ obtainin an a reement from the Bank that they will continue
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the payroll provision now in effect.
Certified impending liens shall be paid by Seller .
at closing.
Upon acquisition of foreclosure title as herein
agreed by Seller and notification thereof as provided above,
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