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Home My WebLink About1574 • 1•l ~ ~ ~t, ~ • ' CONDITIONS OF PURCHASE PLEASE READ CAREFULLY - 1. BASIC AGREE'AIENT 7. YUUR RIGHT IF WE FAIL TO PERFORM We (General povrloprn~nt Co~poralio~) agree to sell W you lt N•e tail to mcet any u u ob ~'gat' ns nd t agreemen~ (thc purcAsssr~ot puRh~ g mmed on the fate'ps~a ) ~he residaHial l~ou alay Necl either of ~he~iill~irip e~lus~e r~m~ies, at your properi>• de~critnd iA thts purchsse agrcemenC Thit agrtlment~also oplion: - i siate. tt:e pri~c and Jesaibei tAe piMet ttrms~of Ihj= p~t~hase. You You may exchanae thia~propertp for othtr propehy ot agrec a~ huy ~hit propenr trom vttnA to malt~' 9tandatd° MonH?iY~ -~mitar''vatue in this ur any cAi~l1'~ef ouF eomtnu~ties and in a Paymcniti in tht ~Onnbahpwn qt f11e (tita p( tAis ~eemeflt On or ~~rly dcslrabk location. or before ~he t~nth day of each moniM. The.unpald.balat~ce a! aay lime • ~(ti) We wiQ retund al! payments made by you under this agree- will bear interest at the ra,e of 7 4 pe~ pea~, meM. 2• PAVING OF 1'O~R STRFET lf you elect either of thes~~rea~edi~s.•bolh ya~ and ~rs.will be This property is p~esently w~imprew~, W~•~~ee W compkN- rs{easuJ f~an any iurthu obligztioas uhilet t![is a~tetmeht, and the paving o[ streets ad~acent W your property, in acco~dance with therc are no other privilegec of cancellation or ~etuad except at the plat fitcri in ihe public records of tho cuunty in which your stated abova ~ property iti located. hcfore the end.o( the year io which }•our Standatd - • Paymcnt C'ompletian Datt c~ccurs. ~ 8. NO PERSONAL LMBIUTY ON• DEFAULT 3. YOUR WARRANTY DF.~O You havc rto persvnal lia~ility to make any payment undc~ this (a) We will del~ver to you at our eapente a properly ezccuted 3~eement. Nowei•er, ii ypu fail a. maAe any payme~t. yvu will be Wirnnty Deed it you Aa~e tully paid.far lA4 praperty by mlking in defaull aod Wt may terminatr this agreement. ' • all of you~ Slandard Afonthly Payments wlthout prcpaymenl. ''~etore any such tcrmination t+ecoma ef~ective, you wil) Aave a ~~race pcrioa wi~hin which tu tiring your account to a curreM status. (b) The Warranty Deed will convey good marketable and insur- Th~s gracr perial shall tk fo~ the pe~iod of 60 da~~s it 10°0 or less able Utle to you, (ree and ckar of aU er~cumbrances except tor the of ihe princepa! amuunt ot the purchase pricc hu bee~ poid. 90 fulluwin6-~11 tht•lien for taxes t~theyearirt wMch-we-conv~r the ' day'~it morc'ihan" 10°,'~ aed les"s~ lf~a~i 259b tSt IAe priricipal amount property; (2) al, gas and mineral reservations ot record, d any; o[ the purchast price hat hecn paid. 120 days if mort than 25'"o but 13 ) zoning ~ and regulatory orJinances, restrictions and easements less than S0~"b of ~he principal amount of the purchase price has txen communly..taaad in.Fbci~la caannmiaa .of hieh •s~a~uls,sds; (4) paicl: ~nd ISO days•+f SU:~, or inore of ~he-pr+ncipa{ awaunt of the restrictions and limitations affecting the ux of tht property which purcAase price has been paid_ are common to the subdivision and which now or hereatt~r may y~ bring your accewnt to a current status 6y paying all past bccome ot public record; and aS) easamepts fo~ drainage; canal • due principal and intcrest within the,~ppljc,lble gr~ce period. you maintenanCe arxf public ~ti~ities. " will no longer be cunsidcrcd in de(ault. 1t you do not bnng ~~our fc) After Ihis ~~'arrant}• Deed is recorded. we will at our account lo a current s.aWS within the applicable grace period. we ezpense have i~sued to y~+u a standard owner's tiUe ~wlicy Irom a may terminate this agreement without further notice. memt+cr firm o! the Ame~ican Land Title A~.u~ci3tion. I( we tpminale N~is aaret~wee4 we wiN •retaia al! monies you Id) Uu and po~~cs,ion uf this prup~rty wilf tx retaintd until have paid`undet^this-aRrE~tnenri intkie5n~ prThiipal•au~ intrrest, as y~ou have paiJ us the purehase price in full and until we have deliv- liquidated Jamages becau~r we have ~aken Ihis property ofi the real ered the Warranty Deed. • tstate marlet. wrc havc turncYl away other p~ospective pu~these~s anJ 4. YOllR RIGHT TO PREPAY we have incutrtd or will t+e incircring derelopment and other ea- Yuu ha~e the ri ht to re a the outstandin balance under P~nses in cunnection with this pro~+erly. U{wn lerminatiun, any and F P P Y 8 xll ti~ts you may ha~~e h~d !n tb+~ property shall immcdiat~l~• ter- lhis agreemeM~in ,whpk of iR pert•at•any ~ime +~ritlrout ~eenalt~r: for ~J K,~ return th~s properl~• to our in~•entory and resell purpuses oi t'~is paragraph adJitional Duwn Payment, ~t any (as it free and clear of any claims, licns or encumbrances ans~ng aut of ,how•n in paraE~aph 4 on the face ot ~his agreement), shall tx consid• this agreement. crrd a parti;~l prepa~~ment. Prrpayment d~xs not. hoa~e~er, accelerate uur oblige~ion• Ia 1 to deliver•the tYarrdnty Oeed and titte insurance 9. TERAtINATTON ' ~olicy to you t+efore the StandarJ Paymenl Compktion Date or (b) If this agrcement is terminated. our recorded affidaril attesiing eu cumplete the paving of the strcets adjacent to your property before to uur default and the tennination, shall be conclusi~~e pr.x~f of ~he end of thc ~ear in M~hich Sewndard Pa~rmeM Completion Date y~~ default and terminativn for all pnrposes, and you irrevocably ~kcurs Ho~•e~er, it you do prepay, we Kill Mcreupon issue y~ou a= authoiize us to thu's attest 5nd reca~d'St~e1i ~IlWavit a~CtAOugh it were crrtifi:ate of payment in full. your own act and deed. S. WE PAY TAXES .+•~u ~~y au real propcny taxes un this property w•hile this ~0. EFFECTI~'E DATE agreemeM is in fc?r~e or until you record this agreement or unti) we This agfeement is efitctive ~9nd eindirtg on us when you hate deliver you a VV3rranty Deed cunveying ~iUe to the property to ~~ou. signed it and when we h~~e vgned it at ou~ Ho~ne Office. ~4'e may uhichr.erfirstoccurs. acc~-or-*e}oct th+s aRrcrment ~vitAout'explanatiun. a~id if we 6 YOUR TRAI~ISFER PRIVILEGE ~ ~ • rejcct it. we will « turn thc deposit to you and both parties sl~aU t+e released trom any obligation hereunder. lf ~our payments are current, we guarantee you the privilege to ; transfcr.yoa~~qu~y. {~hc po.~,on p(:Sou~~pfyrne~Ats e~4 thlrpfopsrty ~ q~(GNt~fENT OF TNIS AGREEMENT applird tqWards principal) at any Urne btfore you bave paid )our ~ outstandina balanve intull. Thi3 traMSferlnay be'tbiiard eitfitr. . Yiw [nay assign "tfiis agrcemEAt wi[h iith v?rSiten Conset~t upon ~ (a) The rchase of arailabk paymen t o f a trans ter fee. ~ pu property of equel or higher - price in this or any olher of our Florida communities, i[ you ~ Iransfer within throe years o[ the date of this agrcemtnt; ot 12. NOTICES . . i Ib) 7he purchase of a standard home built by us in an avail- ' Notices under this agrcement mus! be in writing and addr~sed to ~ able housing area. the last rnown address uf the respective party, except as to the Yoid- i If you have equities in more than one lot. you may transfe[ ance artd revocatiun righi as provided in paragraph (J) under "Ac- ; chem only t~ a 1~l~e n~~o~t+er ot aher bes or homes, knovrlaigrmnt" below. 9 ~ _ " ~ _ x ACKNOWLEDGMENT Accepted at I?liami, Florida by ~ The undersigned Purchaser(s) certifia that: GENERALp~~ EL ME CORPORATION ~ (a) 1 am of legal age. ~ (b) t have read tdis Agreaaent and no additiond rcpr+e~eotataro / • £ have ban made to induce me to pu~chase the property described. BY~ ~ (c) I have rativtd and have had an opportunity to eSt~mjee F.•~~ S~snaw ~ the Supplement to this ag~eement coatainina a statement and 6nan- ~ c~al information roquired by Fedaallsw reptdin~ my ri~ht to Cance) W~~~ ~ t~is transactioe rvilhin thrte (3) D1~silaa days' • > ld) 1 UNDERSTAND 1 HAVE'TRE OP'TION TO REVOKE - ~ l NiS CONTRACT IF 1 HAVE NOT !t~ ~IVED A PR OPERTY y~~~~ " ~ ltEPORT PREPARFD PU1tSUAIP'I'"TQTHE~RULFS AND REG- - ULATIONS OF THE U.S. DEPARTIUENT OF HOUSING AND ~ ~ (IRBAN DEVBLOPMENT. IN ADVANC6 OF. Ot AT 'tNB STATE OF FLORIDA • _ TIME OF SIGNING TH1S COMRACT; I UNDERS~7'AND 1 ~ SS: ~ HAVETHEFURTHERRI(3HTTOREVOKE7'HISCjONTRAGT OOUK[YOFDAD6 J • WITHiN 48 HOURS AFTER I HAVE SIGNED IT tF I DID NOT ~ RECFIVE SAID PROPERTY REPORT AT LEAST 48 HOURS I HEREBY CERTIFY ihat on this day. betore me, a No1ar~ BF:FOKE SIGNING THE CONTRACT. 1 NEREBY ACKNOWL- public ~uthorized to I:IICC a~knowledgments. personally appearrd FDGE AND AFFlR~1 RY ~tY SIGNATI;RE HEREON THAT I the person indicated as Autho~ized Employee abovt, wbom 1 know RECF.IVEU SUCH PROPERTY REPORT ( WHICH 1S AISO THE to be the Agent o[ Gsnenl Dlweleqaent ~Coryoration in the fore- REPOItT ItEQli1RFD UNDER FLORIDA LAW), TOGETHER Eo~ng Purchast Agrecment, and acknowledged before me that ht - WITH ANY PROPERTY RE~RT OR OTHER APPROPRIATE taecuttd such contract in the name of and on behalf ut Generat = DOCU~lENT R£QUIRED BY THE LAW OP Devdopmrnt Carpontion: tlwt ~s t~cA %?6ent lie is duly authori2ed iN ADYANCE OF SIGNING ?HIS CONTRACT AND I HAVE by General Developroetu Cocporation W, o so. and tha~ suth Pur- = READ AND UNDERSTAhD SUCH REPORTIS). cfiase AgrcemeM is the act and deed'Of ~tn~ral Dcvelopmeat Cor- _ Ici 1 agree to purchase lhe described property in ~ccordance por~tion. . _ wiib the te s f tbis aareement. the Su lement and any duly . rxccutcd R er ereto. W{'1"t~1ESS my Mnd and ~tat I~Ij~..~ af~d $tals named above, Pu r's s- t~ro S~L , - this date z: , ~ ~ : . ~ ir`M ~ ?+f~6" k D ~ .,r , _ .~ry .Fr ~ ~ urchivf~s si[M ` . LUCII Y~V ~Y ~~A• ~x~ ~ `i~ t ha.e rccci e Init' .~yme the a~+OVe ROvi'~ PU~ ~~iryPa4lf~.Sr.~ad ~t- ~a vFn~~ures C~F.ItK C~~;LUIT C ( - 1- - 11?CAR~ YEu~fiEQ . °~,~1~ ~ n ~R _ nt was prcpa~ed- , , Y~ ro~ •~d A. Dohcny, Ge a C..r+r 4 k~~~,. cral Dcveiu ment C _ t~ ~.rt•~ •n tiat.. Rci~~r~/e.~ t:rt ~ iT 1~uM H~yPh~~fC Drne CASH CHEC~?f~ ~t~:~mi. Fiurida 33131 ~ ~ ~ ~ . = 2n:~z~~~~ ~ ~ 1y~ i571 " ; , ~ . buac .r . . . ~ . _ . ~ ~ ~v_