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Home My WebLink About1580 ~ ~ . . - . ~ . CONDITIONS OF PURCHASE PLEASE READ CAREFUI.LY I. BASIC AGREEMENT YOUR RiGHT IF WE FAIL TO PFRFORM We (Gcner~l..De~'el?~P~nent Corporation) agrec ~o sell to )~ou 1[ v?~e (ail w mcet any o ou~•ob' aypns~ nd ~ t s ~grcemea~ (ihe p~~r,1?aor ~ purct~a~us n:uned on,ihe f~. tAsresaleotiai :,.Y'a?,•4~~y ~~l tither oi the~ulidwi~etltuWre ~e i~s„ at yau pro~+ee~y decerihe.i~ in thic rx:rchast aXree~irnt. ~apR~et~went a1s0 ap~~ . stat~h ~he ~xi~e and Jrx?it+es ihe otha terma. vE thts Pu~dms~ YoM You may eichange this ProPertY tor olhtr propetty ot agnr t~~ huy ~his prope~ty ta~n us and so w~alce lStaodaM MoMNX v~lue in tbis or any ,od~e?~dl our•co~Aauwitia and in a Pa>mcotc in tb~ ~pwunt ~h.~wn an the fact uI ~his a~tecmeW un o~ similuly dairable I.xation, or txforc Ihc tenlh d~Y Of e:~CR.mcNftll. Th4 uqp1~~ b6,linC~ ~l epy U111C, ..~bl W! N"ill toAind ~11 tr payments made.bx you under this a ee- will bear interesl at the rate of. 7~1 pe~ year. . ment. 2. PAVI~G OF 1'nl,R STREET It you elect either q( Ihese rsnqtdia, bptA you,aad ~ve.wiU be Thh prup~ ~q' is prescntly uniwpru~•ed. We a~ra tn complett rckaytd from any further oMigadons uncler lhis a6ra~ment, and tAe ~+av~ng of .~trertc ad~acent to )our properry, in acrerdance w~th there are ~o other p~ivilegrs o[ cancellation w refund exapt af the plat filed in tht puMic records ot the counly in which your staterl abovo. p~opert~ i~ loc:tced. h fare the end•of the year in wAich your StanJacd ' Pa)mcnl f.Nnpk~Nm Ila~r ~y~rs. • 8. NO PERSdNAL LIs181UTY ON 1~EFAULT 3. l'Ol,'R WARR~~hTl' DEED 1'i~u have no per~onal liabi6ty to make any ~?aymenl under this (a) \Ye will .tcli~cr to yWr~t our ex nse a r rl executed B~~Kmrnt. Howt~•tr, d yuu fail to mak,e any paymenl, you will bt P~ P MK Y in defauli and wt may termin~tc ~hi. agteemem. Wbrranty Decri if you have fu11y pa~j~ fpt Uut qfOperty by mak~e~t Nefore any si~ch terminatjW? lxromes efitcttre. yw witt Aave a all ot ~our Stan.iard I~fon~hly Paymon~e w~thout prcpayment. ~~1~e ~+rri~ w~thin which to t+rh?g your account Io a current stalus. (h) The Warranty Deed will convey good marketable and insur- This grace ~xri~xf shall be for the ~riod of 60 days if 10~ or Icss ahlr ti11e to you, free and clear o[ atl ercumbrances except for the of-the principal amount ot tht pYrchast price h~~t?eCn ~aid. 90 fu!1.~.?ins: 131 d~e lien fa~r twes~(os U~?ysar i+? wl~ioA ws oonreY ~ . days if mc~e•tlnn 10~ ~nd°#eas-~han 2S%•ef iAe-pn~oipai amounl pro~rrt~; (2) oil, gas and mineral resen•ations of record, if any; of ~he purchase price has hcen paid. 120 days if more than 25~fr but I 3) jwiing and rtlulatory ordinances. restrictions and eascments Iess than SO",'~ of the principal amount a( ~he purchase price has been atimmonly found in Florida.t~a~ptleiti~s ot hig1~_standards; (~i) p;u~1, acui ISO.~iays if_SUryc .ur more uf the principal amount of the restrictions and limitations aRrcting thr use ot the pro~e~tj• 'xhich purchase price has l+een paid. are common to the sut+:fivi.iun and whicA now or her~after may ~f ycw bring your account b a corrcnt status by paying al) past hcrnmr e?( public rccor.i~ ana (S) tasem~nts fur dr~inage, c~nat ~ due~principal and interest within the applicable graee peswd, you ma~ntrnance arnl p:~Mrc utii~ties. w~iV no longer !+t consPdered in d~fault. it you do eot bnng your Ic) :lftcr thi, ~~a+r::n~y Deed is recorded, we Nill at our account to a current ctaws within the applicable g~ace period. we ei(+tmr h:?~c i.wc:i ~~iu a standard ,~..ner'. title ~x~licy fr~•m a may terminate this agreement with~wt further notice. mtr.iftr firm thc :lmeri;an I_anJ Ti~le t~.x~ciation. If ~e ,t~ut~atg-thi~.a&ce~ncn4 will retain ~IL monies you i d 1 l?ce an~t p:,..~~..~~~n .~f ~his pr~~+trtq will he retair.eJ ~~ntil have pai~ r~wMt !hr-agatrr=W. iocArdin(~ qircipf4 ad1 in0eresl, as yoe~ ha~r paid u. ~he purchase price in full anJ unU) wr ha~~e deliv- liquidated damages txcause we have taken this property olf the real ered the ~~'arrantv Decd. • ectate market, we:have turned away other prospectrve purehasers anci .t. 1'Ol'R R1GHT TO PRFPAY ~ wa hare incurred or i?•ill t+e incurrieg developrt~ent aad other ex- penctc in connection with this property. UEwn terr~i~nation, any anJ 1'ou h~.e the r.tht to prepay the outstanding balancc under y~~ rights ~uu may have had in this pmperty shall immediately ter- thi~ acrermeal an ~huit ur in~an at.a{~ <<me~wi~hor? ra~?atEy.:~« minate and we may «tur~ this Rrop~~ty to our im~entorX and resell purpr~e~ u; t1i~ p~ragraph a ditionat ~own Pa~meni. ~ any las ~t frce and clear of any claims, liens or encumbrances ans~ng out of .hoMn in para~reph ~ on th: face of Iha agreement), shall he ccn.id- this agreement. e~rJ a p:i~t:al ~rrp.~:ment. Prep:t~meM d~~s no1, however. actclerate .~ur .~hi~~.un,~a~•io.i~lirer 1he ~Vsr~~uy Dew1 anJ ~iNe inx?rAnce 9. 'i'ERMINATlON . . . ~xih:~ to you hefore the ~~anuard P:~ymenl Completion D~te or (b) 1f Ihis aFreemertt it terminated, our recorded afl5davit attesting t.~ c,~m~lett thc pa~ing uf thr ~trtets ad~accnt lo )our propert~ hef~ut ~o )uur default and the termination. shall tx eunclusive proof of the e~d nf the .rar irt which StanJard Paytac:nt Cumpktiun Date ~p default and terrmination fur a!1 purp~aes, and you irrevocably ~r:ur, Huxr~er. if yM~ cio prep~y, we will iher~ipon.issue you a_ . a~ho?ize us to thus alte~tand retord ~ut9r ettida~it a! thouRlt it werc crr~ificste of pa~ment in full. your own aet and deed. S ~\'F PAl' T:\\F~S ~~`e will pa~ a!! iral propeny taxes un this pmprrty w•h:le this 10. EFFECTIVE DA7E agrcement ~s ~n forcr or ~,^:if ~ou reu.rd thic agrcement or unti) we This a~ree~ent is e~~ive ard bindin~OA us when you have drli~e< <u~~ w'arrsntq Dced con.~e~ing ~itk to the pruF+erty to you, s+8ned it an3 when we have ~igned it at our Homc Office. We may whi.he.er 6rst occurs. accept_ os--rej~at this ~reranent~vritbout.explenal?o~. and if wt b 1'OL'R TR:>KSFER PRiYTLEGE - ~ejett ~t. we w~ll retiun the dcEwsit to you and both parties shall be ~ ~ f,,,`~r rckased from any obligation hereunder. pa)m;rft. a~e current. we guarantce you the privilege to j tran.f~r ~~wc ec.~::V. ithe partian ot+low_.~ayment$.a?.~hisoroptrty~. • ASSIGN~tENT OF THIS AGREEMENT ; appiicd ~o+.ards pr;~cipal? a~ any e~me t+efo~e ~~ou hav,e paid ~•our Y~ ma} assi~en tfin agreement with ovr written eonsent upon ; out~tar.~r?g halar.ce ~u fuU. This transfer may be towartl e~thet: - ~~•~nt of a transfer fee. ~ ( a 1 The purchase of a~ ailaWe property of equal or higher . ~ pn.•e in this or an} ~ther of our Ftonda communihes, if you 12. NOTICES ` tramfrr Kithin throe reer~ of 1he date of this aQteement; or ~ 1 b> 7he purchase of a standard h~me built by us in an avail- Notices ucder this agteemrnt musf be in writing and addressed to ahle RousinF area. the last known address ~f the respective party, eacept as to the void- ~ !f you ha.•e eyuiti~s in more than one lot, you may transkr ~ 8nd revocation rigdt as prov~ded in paragraph (d) under "Ac- € them only W a Lkt numhcr o[ uthr~ lots or homes. knowled~menl° below. ~ - ~ ; ACKNOWLEDGAfENT Accepted at Miami, Florida by ~ Tht undersigned Purchaser(s) certifies Iha~ GENERAL D~YEL M T COR RATION • 1a1 1 am of legal age. ~ Ibi l have read this Agreanent aid np sdditional tepresentatiods • ~ have been made to induce me to purchax the propeny dacnbed. Br ~ Icl 1 ha~e rcceived and have had an oppoRunity to examint sp°P O1d1T ~ E the Supplement to this ag~eement containin~ a stateaxnt and finsn- ~ cial mformation required by Fodrral law re~rdiag my ri~hi b cance! ~ tAis transactioa wit6in tMee (3) butiness daYs . _ . ~ ~ Id) I UNDERSTAND i HAVE-"FHE OPTION 'I'O R£VOKE - $ TH1S CONTRACT IF I HAVE NOT itECEIVED A PROPERTY REPORT PREPARED PtfRSUAKI' Tb THB RULFS AND RE(3- w11O~' ~ ULATIONS OF THE U.S. DEPARTMENT OF HOUSING AND ~ URBAN pEVELOP~tENT. 1N ARYANCE OF, pR AT THE STATEOFFLORIDA ) T1ME OF SIGNRVG THIS CONTRACT: I UNDFR3TAND I } SS: ~ NAVE THE FURTHER RLGHT TO REVOKE THIS OUNTRACT COUN?Y OF DApE } • r. WITH(N 4A HOURS AFTER 1 HAVF SfGNED iT 1F I DID NOT ~ RECEIVF SAID PROPERTY REPORT AT LEAST 48 HOURS da~r beto~re me, a.Notary ~ BEFOR'~ SIGI~ING THE CONTRAC'T. I HFREeY ACKNOWL- ~ HEREBY CERTIFY that on this . ~ EDGE AI~D AFFIR111 BY RtY SIGNATURE HEREON TKAT I Public authorizcd to take acknowledgments, personally appeartd ~ the person indic:~ted as Authorizod Employte aboYe. whom 1 know ~ RECEIYED SL'CN PROPFRTY REPORT ( WHtCH IS AISO THE ~o be ~he Agent,of _Gentral .p~tpt Co~~ 1iop.~w 4be fore- REPORT REQI;IREU U1~DER FLORIDA LAW?, TOGETHER a- ; WITH ANY PROPERTY REPORT OR OTHER APPROPRIATE sO1ng Purchase Agreement, ua.aclcnowledaed betore me that he ~ eaecutrd such contract in the,/l~t0e ot-a~ on behal( of Gene~al ' DOCUMENT REQUIRF.~ BY THE LAW OF Dsvdopment Corporstion; ti~i~s Ae is duly aulhorized IN ADVANCE OF SIGNING THIS CONTRAC'T AND I HAVE by Gcneral De.•tlopmtnt ~ t' ~o..and that soch Pur- ; READ AND U1~DERSTAND SUCH REPORTIS). chase Agreert~cet is the ~e!• ,;Dtvelopment Cor- iel 1 agree to urchase !ht desc~ibed proper~y in accordanct pa~~~on- ` ' y' ~ with tAe terms o ~ ageement. the Su ent and any dulr L~~~t~+; f` • i . Z r~ . J eaautod Rider th et W~~ m~~ , ` y . . ~ !~_~amd above. SEAL s; . PYic 'ss' Wre ` this date • - ' s. _ . - n ' ~i¢wat~re ~ [ n ~L / . - " tr ft.. tN~ RECO1tOEO ~ F ' ' ' ~ ' t lw.e re iv thc iti ,eat and witdt~sl~~ ~TY FLA. ~ Notary Pu t!d ',CLa~e ~ signrfur ROu p ~RAS -~.~i CIERI~ Ct~GU1T COURT ~ ,~This instrument was « ared - RECORv VFaI~~EO ~ P P ' si~w Eipites Wrt~ 23. l~Ij ~ D.~.id A. DoAeny, Genera ~~M ~ r• e p nl ~r~~~r~U~~n Satr. Rt 4t~ M Grneral De~elopment Cotpora wn f~ ASH p C~ la P" 1 I ~~~~$OtM' b~y~shore Drive ~1:.~mi. Ftorida 33131 , • 20 i2~~; 1y0 1577 ; , f` ~ ~ . . - - . e._ _ _ . . , - - _ _