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CONDITIONS OF PURCHASE
PLEASE READ CAREFULLY
1. BASIC .qGREEl~1FNT 7. 1'OUR RIGHT IF WE FAIL TO PERFORM
W~ lGz~~r1~ Pt~~~leE+ment Corpo~at~~n) agree tp scll to you It we fail ta mtet any o~ our obligaiions unJe~ this agrcemen~
(~hc pur~ascr qr ~~ea ~amed ~ tt?t fs~.pag~ ) ~t+t rctide~6a) -Y~AU, msY d~cl either uf the ;tol~vi~ e~slu e m a. at you~
m
proper~~ dcsenheJ•ie this pwrhase a~ereemenR ~Ak ~g~tement elso • opuon: . ~ ~ + ~
state. ~hr ~e.;n~ ¢q,crib~ tht atter tamzot th~•~s~ 1'~w ~D) Yau may eachaage this p~operty tor otixr pr~ty of
agree ~o h:~v ~Ait./tOporiy fac~ln rs ~ntf N wuiks~aadsf'r IiAontNy t.. ~~~talue in this o~ aoy~od~•d orr.co~monitia and ~n a
Pay mrnt, ~n ~bt :Krwu+u ~wwn o~ Wr fa~;s oE thit ayr~:emcai.~a o~ sinul+irlY da'uable location. or ,
betor~ Ihe ~cnt~.~sy f,each,month. Th~. uqp~id b~l~inoq a~ ~y ti~qa .-~S] .yy~ wiU refund all payments made ~y, You under this agrce-
wiQ bcar intertst at t~e ratt of, 77r pe~ yeu. ment.
PA\'ING OF YOI,R STREET If you elect either o~ ~luse tF~.i~cs. poth. y~~w.aQd We.will be
Thi~ pr~ [ty_is Rcesently~lu?impcavsd. Nte_atrce to complele . rclcaxJ from any turiher obligahons under thi! a~reecwenl, and
the pa~ing ot streets adjaceM.b your prope~t~•, in accordance with there are ~o othu privileges of cancella4on or refund exe.~pt as
the pla~ fited in ehe puDlic rttords of the count~ in which y~our statni abo~re. . ~
proper~~ hw:~~cd. fiefore ~h~ end~of the year in which yaur Sten~i,ird
Paymen~ C~Nnp{ei~~~ na~e ~ecu?s. 8. NO PERSONAL LIABIUTY ON DEFAUI.T
3. 1'OI~R V1lA1tRANTI' DEED 1'ou have no personal I~ability lo malt an~ pa~~mem under lhis
Ia) We will deli~er ~o aFrre~nem. However, if you fail to make any payment, you will be
yon at our e.xpense a properly rtec~~ted ~n dcf:iiih and vt may terminate this agrteMent. .
Warrarny {)ee~d +f ya, have fully ~?e~ [K tlti; p~oper+y hy makin~ geforc any such ~rminatior4t+et~ames eBectirc yon aiM fiave a
all of your Standard hfonihty Pa}mawt iv~tbout prepa~•ment. ~r~~~ w~~hi~ wAich to briftg your accouM to a currtnt status
Ih) The N'arranty Deed will com•ey guod marAetable and i~sur- Thi. gr~~e period shall be for the period oi 60 da~Y if 10~X+ or leu
able ntle to ycw, free and clear of all er.~umbranca except tor tbe of ~h~ princ~pal amount of the purchau price h~ becn p:+id. 90
foll,~w~~g: 1 t 1 the li~r?-(os ~aes (ar•ib~-ysar-iw.wlwcla~wew?reyN~a, ..._--de7r~9f-~no~c-thee•16~+ ~nd-leu•N+ae 35~-ei-tl~?pti~oipAl-am~wnt
pro~xrt~: (`1 oit, gas and mineral reur~•ations af record. if any; of the purrhase price has bren ~raid. 120 days it more Ihan 25~)f~ bul
13 ) rumr.F and regula~orv ordinan.es, rcstrictions and eauments Iesc than SOSfr of the principal amoi~nt of the purchax price has bten
comm~.r.ly f.~und in Florida ,~q~nmuot4ss of high starxiards; (4) p;,is, ~SQ.days it SU~o or mort.of the prir~cipal anwunt of the
restr.ction~ and limitations aRecting !he use o[ the property which pur.hase price has t+een paid.
are a~mmon to the sutxiivision and ~hich now or hereafttr may !f you bring your account to a cur~ent staWS by paying all past
hecumc of puhlic record;.~ t5). WsemGnts [or drainagr, c3nal due ~rencipal and interest withirt the applieabk grace puwd, y~w
maintenance and puhtic a~ittfet. ' wit? no lanjter b~e co+lsidetM in defaWt. It yar d~ not tmng ya~~
tc? :~iirr ~h~~ ~\'3rram~ Derd ic re:ordcd. w•e will at our account t~ a current s.atus within the applicable grace period, we
etprr.~~ h.~.c ~..ue.~ t.. ~.~u a standa*d owner's title policp from a ma~~ terminate this agretment withoui furtht~ nulice.
mer.~he~ tirm o( thc Amencan Land Title :i~~vciat~on. If ye.ttrnuaa?e.this a8utlt?e1t~..w0.~?jll [ettia ~ll.monies you
~d ~ l'.e and ~oc~r"~un of thf; pro~rty will he retaiaed until have {+~id oM~r.lhi~~getmeaL iwa~-PIii~IC+ip~L-sA~ inttfest, as
y~x~ ha~e ;:~~J u. ~ht pi~r;hax price in (uN anJ until wc ha~•e deliv- liquidatc~i damaga because we have talen this pro~trty afT the reat
ercd the r antti p~~ed. • ~ e~tatt market. ~e have ~urned away Mher prospcctive purchasers a~xl
4. 1'(ll'R RIC,Nt TO PREPAY we have incurred or 1ri11 be incurriwg Jevelopment and other cx-
~r..e. in connec~ion w•ith this propert}•. l1{+on terriinatiun. any ~nd
1'0~: '~:,ti~ the richi to prepay the ~•utctanding halance ~mdet al! rights you may have had in ~hic pruperty shail imme~3iately ter-
thi~ a.re.r,~en{ in~uhuli w in p:ut at a} 1ime~wN~e {+~~~y. Fot mirute and we ma)• return thi~ prope~l2• to uur im•tnton• and resell
~usF.xr, ~~f tles paragrapA adJiti~xal ~own Papment. ~F any (as il free ar,d clear of any claims, liens or encumbrances arising out of
show~~ ,r. ruarr,ph .t on !hr lace of !hic ; grrement). chall tK consid- this agreement.
erc±.: `:-t:.,; rrep.~~mer.t Prepa~mi~nt.f~~rc not. how~e~er, accelr~ate
uur .~h1~ta.~u 1a~ W.JeI~?er ttx N'ari~rNy- Dewl ~+HI tiNe insurance 9. Tf.RMINA770N -
~~h:~ t~• ~:u hefore thr Standard P::}m~nt Compltliun D~te ar 1b) ~his agreemen! is terminated, oor recorded aflidavet attestin~e
to crn;ple~r ~hr pa~ing uf the ctreet~ adia:rnt to your proF+.^rty hefore to ~our default and the termination, shall be con.^lusive pn•of of
ihc en.+ .~f !he >ear in whi.~ Standar~i Payment ComQkiian Date ~~fault and teanination for a i purpo~es. and you irrev~xably
oca,r. tl,,w:.er. if yeu d~? prepay. we wi11 therwpo~ issue yo~ s. auM~oriie us to thns attesiandteeor~ such sifrtlaoit aa thouEd? it werc
ccrt~fi;aie oi pa}ment ~n fu1L your own act and deed.
S ~~'E P~l' TA\ES
~~'e will p3~ all rral property tax:c un this propert}• while this ~0. EFFECTIVE DA7E
agrerment i, ~n force or t~nti~ ~ou recurd th~s aereemtnt or until we - Th+s agrte[qtnt is effaAire sndbindinQ en us when you have
S:6.rr a Narranl~ Drtd com~e~mg litle t~ the property to )ou. signed it aRd when we ha.e s+gned it at our Home OtFice. Wc may
whiche.~r fintoccurs acxpt_~-.rejcet tt?is aFrament:,~ritAout,t~plana~ion.•and if we
6 1'OL'R TR.4NSFER PRI~?LECE reject ~t, wt w~il{ return the drposit to yuu anJ t~oth parties shalt t~e
releasni from any obligation hereunder.
If ~.~ur pa> n~nts are current, µe giearantte you the privilegt to
t~ansfr~ ~uur equiq. (1hC Po[lion Qf !!/ow PaY~tuts~~+,li~is p~operty ~ ~ ASSIGNI?tENT OF THIS AGREEI~tENT
a~plird [ow•ards principall at any time hefure )pu have paid your You may assigt~ tfiis agrtement with our ~Tittert tonx~lt upOn -
out:i:~r.di~g halanoe io fuU. Tliis ttansfer may be towmi ather:
~ payment of a transfer fee.
~ ( a 1 The purchase of available prope~ty ot equal or higher .
~ pric~ in ~his or an. other of our Flonda communiues, if you 12. NOTiCES
; transfcr w;~h~n throe yars of the date of thi3 aBteement; or • ~
~ 1 b) The purchase of a standard home built by us in an avail- Notices under tAis agreemrnt must Se in w~rRing and addressed to
ahlr ~ous:ng area. the last known address of the respective party, except as to the void-
's !f yv~ ha~~e rquitiec in more thars one lot. ~•ou may transfer ~t and revcuation right as prov~ded io paragraph (d) under "AC-
; ~hem only cu a like n«mher ot uther lo~s or homes. knowledgment" below. _
F ACKI~OWI.EDGMENT Accepted at Miami. Florida by
3 The u:t.ieniened Purchaser(s) certifia that: GENERAL D VELOP fEN COItPORATION
la) 1 am ot lepal age.
tb) l h.ve ttad this Agreement and wo additiond rep~esentalioos f •
' have been m:,de to induce me to purchase the property described. By' M b.v~w ~sna
~ (ci 1 have receevod and have had an opportunity to tuamine ~
g the Supplement to this ag*eement containina s staleowit and finan-
~ c~al mformetion roquired by Foderal !aw re~ardios rqy risht to tanct!
~ lhis traasa:lion wi1l~ lhrte (3/ busiMZt days .
td) t UNDERSTAND 1 HAVE=TNE OPTION TO REVOKE
= THIS CONTRACT IF ! HAVE NOT RECEIVED A PROPEItTY ~y~i~
~ REPORT PItEPARED ~URSUAAff TO fiiiE RULFS AND REO-
~ ULATIOvti OF THE US. DEPARTRiENT OF HOUSING AND
~ UR8,3N DEV~LOPMEM. IN ADVANCE OF. OR AT THE STATE OF FLORWA )
'TIME OF SIGNING THIS CONfRAGT- I UND£RSTAND I } 33:
r HAVETHE FURTHER R{GHT "f0 REVOICE THIS.O~NTRA(.T GOUNTYOF DADE )
q WITHQ` ~iK HOL'RS AFTER 1 HAVF S(GNED R IF 1 DiD NOT
RFCElVE SAID PROPERTY REPORT AT LEAST d8 HOURS ~ HEREBY CERTIFY that on this day, bttote trt0. a Notary
~ BEFORE SIGNING THE CONi'RA("T. 1 HEREBY ACKNOWL- public authorized to take acknowledgments, personally appeared
~ EDGE AND AFFIRM BY MY SIGNATURE HEREON THAT I the person indicated as Autborized Empbyee above, whom 1 know
~ RECFfYED SUCH PROPERTY RFP(1RT IWNICK !S AI.SO'fHE to be the Agent of ~'iarcrctal pprt{opQlept Cotpp~~tws_ia the fore-
- REPORT REQUIRED UNDER F1.ORIUA LAW}. TOC;ETHER Foing Purchase Agretment, and acknowledged be(ore me that he
_ WTiN ANY PROPERTY REPORT OR OTHER APPROPRIATE eaccuted such contract in tht name of and on behalf of General
DOCUMEN7' REQUIRED BY THE IaW OF De~e{opmcet Capo~atioA; t~t u su~h AaeM Ae is duly aulhorized
IN ADY:~tiCF OF SIGTVIrtG THTS CONTRAC'T AND i HAVE by Genual De-relopmeni~~lp~W~ ~ do so. and that sach Pur-
~3 READ AaD UNDERSTAND SL~H RCPORTI5). cbase A6reement is tAe ~IOir'~Ge~al Devtlopment Cor•
Ie1 1 agree to purchase lhe descnbed property in accosd~nce poration. r~ "ti `
= with the ierms is aareemen~e Supp! t a~d any duly ~.3~` •::'r+-~"~
eaecuied Ridcr t r WITNESS my~band ~~~~~~r'~ named above,
~ 3 ~i
SEAL
PYK si~w ~ti; -i
~ , ~s date
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, r ; kECJRDE~ -
tr F~~. ,
P °'td"` ~ F. POITRAS Z'-
P.O., E . _ ~
i h,,.e rcy~ the 1 ia t arxi witnessed theG1lidi~ C~'.C111T 0 G Nut~?f Kt~d lttarse
x segnatiu s YEF'~iED ~h p1 af (iR
~y 1 PNT~?~ ~ strumcnt was prt~red~' u`~l~n jj. ~
T~ U.~~id A. Dohtny. Gc'~l~~~ ~ cw~?~
~ 7 General De~e{opment Co~potalaw
~~~I 1 peneM Q.rP,•r .n F~'.~ Rep~e~ t
i-; I I I I SOIINI SJ)'ShOf! Drive
H ~ CNF~ ~1:.~mi. Floricia 33131
~j ~ . 2(3i28,
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