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CONDITIONS OF PURCHASE
PLEASE READ CAREFULI.Y
1. R:~~iC AGRFE-l?tENT 7. 1'(lUR R1GNT IF ~~'E FAIL TO PERFORAt
~~'e lGet~erai 1~nvclopn»pt CaK~+oriti~n) aErct t~ ytl~ 1?i ywu lI MC tail tp mcel am of1~~~ ,b at d t agretme~~
(the p~~~ cl~r ar piud+asars ~amaa ow ~lre t~cap~o ihe teside~ti~1 ~~~o~! w~ay ehel eithcr of ihe ,,,WI~ in~ e~u~e ~ ies, at your
pr.~p.~r~~ dtKCnTM in tfii. punfias! Yarettncnt'T1iix agreemrot a1s~f ophe~: : .
s~atc. ~he pricr,s*dafqaibext~0 ohel' ternztd tl~it acs. ~'axi• ~ tt) Ypy p~ay exchange tfiis propettp ior otttitr property ot
aFrcc hu>~ th~ ~wopeA~ froM U~ and te t11~I~C S~~xiU~ MbnMir .:sit~?i1aYti'afUe ~n t~is ot any M#e1~ ~df w~ ceatmesnlies and in a
Pa>men~. ~n itK s~n~ow~i .howu on the face at ihis agre~omc~t m a • y desinbir i.~:,t~~n. or
beforc thr tcntl~ dy~ ot ~ecA moNtb. Th~unOsM bdance W a41? 1iu1e . ~ ~
w~ill hear ~nteresl at the ~atc of ?~i per ytar, ` lb We w'~l1 rcfund a! pa}•ments madt by y~x~ under this agrto-
m~nt.
2_ PA\'ING Ot Y(ll'R STRt=ET lf yuu elcct either d tiocs ranetiiq. M~h. aa~-w~s Mill be
This propwy ?s pass~tly www~sved, 1W •~p~e to-ooiw{~i~~e reMawd fra~ apy fwthu ubii~w ons uhdtt ~~'temeht, and
Mo-paving o[ strc~ts ad~a:~nt b your property, in ac.ordance with tMrc are no othtt privileges ut cancellati~ o~ rcfund exapl as
tht plsl fiini in iAe put~hc rccads ot 1he cauni~ ~n wh~ch ~ou~ statcYl atx~ve. . '
property is lo:atcJ he(~~re ~he end.of the year in which your Standt~d
Payment C~m~teti~n natc t+ccurs. 8. NO PFRSONAL LIABILITY ON DEFAULT
3. YOUR WAItRAI~TY DEED ~ You ha~r nu pcrwnai hahility to malt am F•a~ment urxler Ihis
(a) We will drliver to ~AOU ait ~wr ezpe a properl~• c~ccuted ~Frcemcnt However~ it yon fail to mak~ atV• paymenl. yuu w~ll be
Wirranry Dsed it ycw Aa.~ tufty paid tOt• rt ~ t+ makin '~`~(d~~~ an~ M~ terminatt ~hi~ ag~ec~nent.
al! of r Standard AtontAl • Ps ~ments ~vi E :Keforc any such termir.atioe Qecomes effecti~~e, you wll ha•~e a
You ) y prt~payment. race pen~w Mi~hin wA~ch w hrioF ~our a.awnt m a eurrem staws.
~b) The \Varranty Deed w~ill tonvey good marl,etabte and insur- ~his Frace ~+en.~.i sha11 bc t.~r the pcri~~d ot 60 days it l~lr~ o~ less
able titk to you, troe and clear ot all encumbranecs except for tbe ~of tho pnnc~pat am.wnt of the purchase price hu OoGw paid, 90
(ollowirt~ ttth+e'1i~nfortaxesietihe~?esri~whielrwF~~he - - da5''si( m5~"11Sali~iD~'3i~1F331T?$n"'3'~F'"lfflfK-r+rSnct~iat,amount
propcrty; o~l. gas and m~neral resen•ations of ~ecord. ~t any; ~f thc purchase price hac hecn paid. I~Q days if more tAan ?tr~
zoning and ~egulatorv ordinances. restrittions artd easements Iccs than SO^~ of ~he principal amount of the purchase price has hcen
commonly Souod tw..F7orL3t oo~pwinriips! ai higp staadar~ls; ts~ - paid: ae~d iSO deys if W~ Nr ~no~e e( tl~e-priwcipal ~mount .~f the
re~triction~ and limitations afftcling ihe use of tht property ~N•fiich purchase prict hac been raid.
arc common to the subdivision and which now~ or hereafte~ nfdy ~ )f ya~ bring yuur account to a a~rrent status by payins ali past
txcome of puhlic reeord: a~d / S) -e~sem~pts for dr~;nagt, N~a! dut printipol anQ intcrest w•ithin tht appticablt gtace peripd. you
mainttn3ACC and puNiE uti~ititc. ' wi11 no longer t+t considcred in defaull. 1t you do not bring ~•w~r
Icl .~fter th~~ ~~'arranq nced is recordrd. xr W~ill at our account to a currcnt s~atus within the applicable ~ttace ~+eriod. wt
e~~+en~ Aa.~ i.~ucti1 to ~ou a~~andard .~W ner'~ !6de ~+ohcy fr~m a m.~y terminate this agreement withuut further notice.
mrmber fum of tht Amer~can Land T~tle A~w:ia~ion. If We terna~a~e th~s s~treerwcu~ ~re wi1! t~ets~n aN alonies you
Idl t'ce and Ex,csecv.>n of this piopert~• will he reiained until havc paid`imdbrthis~~tlttncM: ~ntludl~ ~Nlirici~l'sAd-inteotsl. as
y~u have paiai u. the purchase price in full and unt~l we ha~e dcliv- liquid9ted dsmaga t+ecauce w•r havc tai;en Ihis properly aff the rea)
cred the \1'arrar?tv Deta1. ' • est~te marltl. we fiave ~urnrd awa~ i~ther ~o~pect~ve purclwse~c arxt
4. 1"O~:R RIGH7 TO PRFPAI' v~'e have incurred or will t+e ina~rring dcrelopment and other ex-
~+en~s ~n c.~nnection with thic pro~+cr~y. l`pun terriinati.~n. any anJ
1'ou ha.e the richt tu prepa~ the cwtstandin~ hatar.ce under ~ghts ~ou may ha+e had in this pro{+crty ~hall immcdiately ttr-
this ag:cement ia.whde et ~n part a~•rny ~iept a~ithvt» penalry: for' min~te and we may ttiu~n thia propctty w our in~•entory and retell
~+~~rp~~~cs of t`~ic paragraph add~ti~n~! Dow•n Papmcr.t, d anp fas it fr~r and clcar of any ~laims, licns or cncumbraoces arising out of
,hown in par:,eraph d on the face of this :~Fretment 1. shall he concid- this agrcement.
:rri a part~at prcp.,~mem Prepa~mens di~es not. h.~wt.er. accrlrr~te
.:ur ut~t~~caeron-1a1 ~o deliYer the Wart~nty fleed and titte inniran~e 9. l'ER!11TNA'TTON _ .
polic~ to y~u~ hfore ihe Standard Payment Completiun Date or (b) lf thi~ agreement is terminated, cwr recorded affidavit attesling
~o cort:ptete ~he pa~mF of the ~treets adja:ent to your pn,~+e:tp t+efarc to oi~r defaull and the termina~ion. Shall he conclusive pnwf o(
~
:!,e cnd of the .car in w•Aich Stawdard Pa me~x Coanpldwn aate y~ default and termination for all patposes. and you irrevocably
,~:.urs NoNe~er. if yov du prepay. Re Ni iheteupon issue you t•- a~~~}~p~iZG US {O ~TIUt BtttSl 3(ld I~tCUR~-S31CRi 3}I~f~3~~ 3SlAOtIgA 14 w•ere
rtif::ate of pa}ment in fu1L your oK~n act and dced.
5 F PAl' TAXES
\1'e w~tl pa~ ni! rea~ propert~ taxe~ un this ptoE+erty while this ~0- EFFF.CTiVE D4TE
arreement u m fot.c iu until yau trcord this agreement o~ cntil we ' ~f?eetnent is e(Taxi~e and binding on us when you have
;ieiivrr ~~.u a~\'arrant~ Dec~i conve~ing U~le to the prrpert~ ta you. si8rtcvi it and when u~e ha~e sigr?ed it at our Hom= Ofri:o ~~'e may
wF~~:t:t~er firs~ occurs. aocepe'or--rejec~t this a~rcerrienf ~vi~Avot'e~F?lawwio~: aed if we
h YOL'R TRA!~SFER PRI~'1LEGE ~ • reject n. w•e wiU rrtiun the ~c~~sit to }uu and both parties shaU be
I released frum any obligation hereunder.
If your pa>m~~tc are current. w•e guarantee }ou the pri~~ilege to
I tram:er rwreq~~t~1Me port~en bf~i p~yn~ltsot?Mirpropsrty'~ ASSIGNr1ENT OF THIS AGREEI?fENT
e~j~{~rd IQ1~af~5 pnncipal) a~ an}• Urot beforc ha~~s p:ud your you may assigri Ihis aereement with bur~wfirith ConseAt upon
< <tuu:an3in~e halan~z in full. This~ransfer may tictoward eitlier- Payment of a transfu fct.
I l a 1 Tbe purchase of availabk praperty of eqwl or higAtr
~ prre in this or an~ other ~t our Florida communrt~es, if you ~Z H0T7CES
' tramfer w~ithm. thrrpe y~ears of the dateot this asretment: ot •
F t b~ The purchase of a startdard home built by us in an avail- Noiices under this agreement mus! be in w~ritins and addressed to
shte h~us,ng area. the .ast lnuw~n address of the res~+rctive part}, except as to thr void-
~ If ~ou ha~e eq~:it~u m more than one lot. you may Vansfer ance and revocateon right as pronded in paracraph (d) under "Ac-
; chr~, .•n;~ w a 1,Ye numt+er of other bts or harnes, knowtCdgment" holow.
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~ ACKtiOWLEDGMENT Accepted at 1?liami, Florida by
~ The undersigned Purchaur(s) cer[ifies that: GENERAL I~VEL ME CORPORATION
~ I am of Icgal age.
~ l b i 1 baMt read tbis AgreaRplt and tw additional ~tatidK ~ /
~ ha~•e ban made to induce me to purchase the property described. BY~
~ (c) 1 have raei~od and have had an opportunity to tumme ~P~O~' ij°'w" -
~ tfic Supplcmenc co this agreer.xnt cowtainins a statemeet and 6nan-
cu:l ~ntorma~~a required by Foderal law resatdia~ my n~6t bo cancel Witaes:
th~s traesactiow 1~ilAin three (3) bpsu!!u darS
~ idl 1 UNDERSTAND 1 HAVE'THE OlTION 'T'O REVOKE ' ~
THIS OONTRACT IF 1 HAVE NOT R E1V~D A PROPEK"IY
~ REPOR3' PREPAKED PURSUArf'i' TO~ RULES AND REG- Wi~'
~ ULATIONS OF THE US. DEPARTAIENT OF HOUSING AAD
URBAN DEV6LOPMENT. 1N ADVANCB OF, ~ AT THE STATE OF flARIDA )
~ T1ME OF SIGt~IAtG TH1S CONTRACT- I UNDERSTAKD I } SS:
' HAVE THE FURTHE~ RIOHT TO REVOKE THIS (JONTRM.T OOUNTY OF DADS ) ' ~
~ WITHtN 4R HOC:RS AFTER 1 HAVE 51GNFD TT IF I DID NOT
~ RECFIVE SAID PKOPER7Y REPORT AT LEAST 48 NOURS ~ HEREBY CERTIFY that on this day. bdort rt~ s Notary
BEFUftF SIGKIT~G T}tE CONTRA('T_ I1HEREBY ACk2~OW1.- public author~zed to take acAnowkdgmcnts, personaHy appcarnf
x FDGF A`vD AFFiRtit BY MY SIG1rATl,RE HEREON 'fHAT I the person indicatod as Authuriztd Emp{opte atwvt. whom 1 know
RECE[VtD SLCH PROPEIt7l' RFPORT 1 WHICH IS ALSO TtiE € -
_ ftEPUR7 KEQI;IRED UADFR FLORIDA LAW), TOGETHER to t;c ihe A ent d Gentral t~on in the tore-
H'ITH AtiY hKOPER7Y KEPORT OR OTHER APPROPRIATE 6u~ng Purchax Agrecmcnt, and acknowlodgtd lxfore me that he
executed sunc ~untract in 1he max O! aqd on behalt of General
L)OCU~IEAiT RFQIfIR~D BY THE LAW OF Develop+nent Cotporalion•that,at3stA`~~e~t~le is duly authorized
' IN ADVA!~CE OF SIGNING THIS CONTRACT AND I HAVE by Gencral De~elopment CQcporalliop jp' o~R and that sutfi Pur-
~ READ I~,D U!vDERSTAND SLCI-i REPORTIS). thast AgreemtM is tht a~ap~'fOn~ ~f ~ptr~l. Dtvtlopment Cor-
~ lei 1:+~ree to rcb.x the dexnbed propesty in accoadance po~al+on- .
~ w,sh the terms t aaroement. tht Supp nt and any duly :-~;~:;";:.~~!,~i`'•>
~ cxe_weQ R~der t ret ' ' "
y1?1Tt~FSS my hsnd ~ fc~~fill~i i~!' abore.
PY f f ~K •Yit J~L.A~ , 'j
~ ~`-L t!~~• REG4R ED _ . 1--
- ::~JMTC~~ate -
_ - • t~ oit ~~,s - . } ~.t~. ~ _ .
_ tEa.~~ nature •~~,t.UiT CouRt G -
c''..~-', I h.,~r c vtd nilr . 1 i('w w~in[~uc1 ih~~~ 'i''°14~{ED K..tar~ Pu .blatta[ il~r~e
'v ~eFn~ / ' ~,~..'f~~' ~ ~ a ~
~ _ ~ ' ~ ~ ~r~~umcnt was prcpared
18 U.~.~d A Uuhcny. Ge EtpitK Matc~ h~
wr~cM ~w ~ c~.iv Gw
..~n : t • st . ~.rl^.~~t«~i. ~i.-. k.= . e ta~nt General De~elu~ment ~'ur~dll .
I t I 1 S~n~rh B~}tih.rrc Dnrc
~ H` ( HF( K ~L•.im~. tl.rriJa 33i71
~ i90
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