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Home My WebLink About1582 . . - CONDITIONS OF PURCHASE PLEASE READ CAREFULLY 1. HASIC AGRL-kMENT 7. YOI;R RIGHT IF WE FAIL TO PERFORM . we lGu~eral Uavelopmtpt Cor{wratitm) agree to. stll 1o you lE wt (ail to mee~ any tt~u o ga n r s agreemen~ (the purctias.ror r~rchasers ~amed+on ~he iacepa~ ) thcfrsidel~d~l .}or ~uay ek2t tither of th~ Tul~wi~ e~l ~ e~err~iies, at your pru~xr~~ de~crihecf M Ihic purchase agrtetnent Thlt agrcemtn~ gls0" aM~~~ bs rt ~4~' sia~r. ihr priFc:a~d ~bsc~ibes ~w er cetptit d tW po hilsa Yoa You may exchanae Mis pcopert~ fpr other_ property of a~rcc ~u hu~ ~hi~ pfbperlt'frofi 'atxf tp•Al~k!•9tandstt7' 11~nth1~' i1a?--value in this or any othei~ d ou~'commnnities anJ in a Paymrm~ in ~FK ;~mpeuu ~howe en the /~ce ef qhis a~reqneat an or ~ s~mdarly d~~sirabk I.xatiun. ur - beforc ihr irntM ~y uf ~e~:h s~odh. Thaunpatd balance at auy Iime (h) VI/~ w•il{ re[und all payments maJe.by you under this agrcr will brar interest at the ple of 7~i per year. - mcnt. 2. PA\'ihG UI 1'Ol'R STREET If yuu elect either of thos~ ~oe~dias, bo~h yea i~~ we.will be Thi. pcupsrty is p~~snlly w~impreved, We.~~r+s ~e oo~npkte released trwn any tucthu" obGF,aGons uhdet Uf~s "a~7eethCnl. and the pa.iag o( .trec~s ad~acent-b?•our prope~~y, in 5ccordance with there are no other p~ivilega o( cancellation or rofund except as Iht ~lat filrJ in the puhlic reCOrds ot tho cuunly in wh~ch your • .stated abuve. proprrt~ I.k:~teJ. hcforr the end.ot the year in which your Standat+d ~ ~ Paymcnt t'~~mplctu~n Datc c~ccars. 8. NO PERSONAI. LI!?BrLlTY ON DEFAULI' 3. YOUR WAItRANTY DfiED You have no pcrsonal Gahility to maAe any payment imder this (a) N'c will dcliver to you at our expen~ra properly czecuted agreement. Nowe~er, if yuu tai) lo make any paymenl, you will be Wyrrant Dted if ou ~ave tull '•ii? de(ault and wt may te~m~n~tz th~~ agrccmcnt. _ Y S' y patd.for tAls ~ruperty !?y m~king ~~r[ure an~: such termination becomes effective. you will have a all ot your Standard Atonthiy Payments without prEpaymeat. ~race periuu w~thin which tu bring your account to a cur~ent ~tatus. Ib) The N'arranty Deed will convey good marketable and insur- _ This gracr periuti sh:tll tx fc~r IhC E+c~iod O( 60 Ja)'s if 10~"r or less ahle tiUe to ~~ou, (ree and clear of all tr~cumbrances except for the o( r~~M;pa{ amouni p( ~he pui~chau price has I+e~p paid. 90 tolluwina: Y t f the'Hen fof taxez tvr the~pear fin ~whtM-aFOOnve~Zfie - aayf Tf m3"rt'tR~M 1M1F ~nd Tfit'A1aA 2T'o "af`!he'ptinCipal'smount propcrty; (2) uil, gax and minera) reser~ations of retord, d any; of the purrhasc price has txen paid. 120 days if more than 25M bul 13) zunin~ aod regulatory orJinances, restrictions and easements Icss Ihan SO~• of the principal amounl ot Ihe purchase price has heen commuNy fuund in.Florida es~unwnitits ot..high staadauds: ~4) paid.-end ISUdays if 3uSb or~~of Ihe ~incipal amwini ot the rcsUiclions and limitations afiecting the use o[ the property which purchasr price has been paid. are common W tF~e wbeiivisiun and which now or herealter may I( yuu hring your account to a cuFrent sWtus by pa~ing all pasl txcome ot public recOrd; and ISi e0x,mtqts (or dr~inage, canal due ~i~tipal and iptercst withiri the appiic~bte grace peDOd, you maintenanct and public uti~ities.. will nu lunger be considered in de(aul4 I( you di~ not bnng your Ic) After thi~ ~1'arranty Deed is recorded. we will at our aaount to ~ current siatus within the applicable grace perial, we expenx ha~e it,urd tu }ini a ttandard owner'~ ~ilte policy (rom a may terminate this agreement without further notice~ member firm o( the Amcriran land Ti11e Associ~tiun. If we te~minale this a6reancM. wc wiH re~ain aN monies you td) Uce anJ po,.c~s;un uf ~his property will t+c rftainaf unti) have paitl underlhis~aErE~eme~.~ incfudinR ptincipsl aod~iakrest. as }ou have paiJ us the purchase pricr in full and until we have deliv- liquidated damages because we have taken this proper~y ofI ~he real ercd the \Yarranty Dted. estate marl,tl, we fiave uirned a~~ay other prospect~ve purchasers and we have incurred ~or u•ill t+e incurring development and other cx- 4. YOUR RIGNT TO PREPAY penses in cunnec~ion wi~h this pruperty. lJ~x~n terr.iina~ion, any and You have ~h~ riFht tu prcpay the outstanding balance under n~~ rights you rnay ha.e had in this property shall immediatcly tcr- this agrccmeM•in,wholr•or ~w part•at•~ny nqx wlhpul pnmttp. FOr' minate aixt w•e ma>~ return ihii Qroperty to our inventory and resell purpuses of t'~is paragraph additional Duwn Payment. ~f an~ las it (ree and clear of any claims. liens or encumbrances ansmg out of ,hown in paragraph 4 on the face o( this :~greemenl), shall he consid- this agrcement. errd a partial prepaymcm. Prepayment dues not. howe~er, accelerate • our obl,aation•!aj to deliver the Warr~ntp Deed and title inn~rance q. TERM1NATiON - policy to you befure ~he S~andard PaymeM Completion Date or (b) )f lhis agrcement is terminaled, our recorded affidavit attesting tu complete thr pa.ing ot thr ~~reets ad~accnt tii yuur propert~• lxfore to uur de(ault and the termination, shall be ronClusire pnN~f of ~he cnd of the ~ear in w~hicN Standard PaymeM Completion Uate default and terminadon for all purposes, and you irrevocably UClUf1. HOK'~\ff, d pou'do prepay, we wil) thcrcapcm issue you a-- aiithorizc us io'thus attest and recafli~sucll aflida~it'aslkouRh it were :ertificate of paymene in full. yoiir own act and decd. 5. ~~'F PAY TAXFS We w;11 p~~ all real property taxes un lhis pro~+erty while this ~0. EFFECTIVE DATE agreement is in force i~r umil ~ou record Ihis agrcement or until wY - aFrceelfent is NtTtdi~e ~ binding on us when you have ~eliver ~•ou a_\ti'arranty Deed com•eping title to the property to you. ' signed 'et artd Khen we ha~e ~;gned it at uur Home t~ffice. We may whi:hc~er firsl occurs. " aCeept~or-rejeet this agrceme~ ~~rilho6t' ezplenatio~. aed if we 6 YOUR TRANSFER PRfVILEG~ . reject we will return thc de~wtit ~o you and bo~h parties shall tx relcaseJ from any ubligatiun hereunder. IE your pa~menb bre eurrent, we gua~antee you ihe privilege to ~ ~ransier, you~~qury?-{the ponion 8fytfB~ ~piyrn~eNt~ o~r 1Airpioparry'~ ~ ASS1GNl11ENT OF THIS AGREEblENT , applicd tq~~uds.pnnc~pal) at any Urne before, you have paid your ~ outstandina balanoe in full. This lraNster tnay be toward enher • You «~ay" assigri Ifiis agrce~cht witn b~lt wfitten ~consent upon 4 (a) The purchus of availabk property of equal or higher payment of a transfer fee. _ . ' price in ~ this or any other of our Florida commumties, if you C transfer within throe years ot lhe date Of this agttement; or . ~2• N077CES . , . Ib) 7he purchase of a standard home built by us in an avai!- ' Notices ~nde~ this agrcement must be in writing and addressed to able housing area. the last known address of the respective party, exccpt as to the void- !t you ha~•e equities in more Ihan one lot. ~•ou may trans(er ance and revocation right as prov~ded in paragraph (d) under "Ac- ~ them onl~ W a Lice number of other bls or homes. Icnowledgmenl" below. ~ ACKNOWLEDGMENT Accepted at Miami, Florida by ~ The undersigned Purchaser(s) certifies that: GENERAL DEVEL ME T COR RATION € ~a) 1 am of leg•rl age. ~~/V ~ Ibl t have read tdis Agreanent ~nd no add~ioaal representatiaa • ( . ~ have bten made to induce me to purchase the propeAy describal. BY~ ~pb SK ~ (c) 1 havc received and have had ao opportunity to t~'tamjoe ' ' . r ~ the Supplement to ~his ag*eement containinE a statement and 6nan- ~ c~al in(ormation required by FeOera! law re~ardina m~? ri=ht b cancel W~~~ Ch~ this transaction rvitAin thret (3) bYSinas Qapt ~ Id) 1 UNDE1tSTAND 1 HAVE'THE OPTION TO REVOKE ' ' ' ~ ~ TNIS QONTRACT IF 1 HAVE NOT RECEIVED A PR OPERTY ~ [tEPORT PRFPAREO PURSUAI~1' TO THE RULES AND REC- ~ ULATiONS OF THE U.S. DEPARTMENT OF HOUSING AND . ~ URBAN 06VELOPHiENT. • IiV ADVANCfi OF. CiR • T THB b7A'f~ OF FWRIDA ~ TIME OF SiGNING THiS CONfRACT: i UNDER~AND I ~ SS: ~ HAV E THE FURTHER RtUHT TO REV~OKE 7~H13 (;OMRACf OOt~NTY OF•DADE J ~ • ~ WITHIN 48 HOURS AFTF.R 1 HAVE SIGNED IT IF 1 DID NOT ~ RECENE SAID PROPERTY REPOItT AT LEAST 48 HOURS I HEREBY CERTIFY that on lhis•dsy. be[ore me. •.Notary BEFORE SIG1vING 7HE COMRACT_ 1 HEREBY ACKNOWL- public authorized to take acknowledgments, pcrsonally appcrred ~ FIK,E A1~D AFFIR~t BY MY SIGNATURE HEREON THAT I the person indicaled as Authorized Em~+loyee above, whvm t know ~ RECEIVED SUCH PROPER7Y REPORT 1 WHICH !S A1.S0 THE ~o be the AFrnt o[ ~sntql pt~felrprteot CorpoAtlioe in 1he fore- RFPORT KFQU(RFD I~NDER FLORIDA LAW), TOGETHER going Purchax Agreement, and actnow{Ngai before me that ht _ W(TH ANY PNOPERTY REPORT OR OTHER APPROPRIATE executtd such contract in the name of. ar+d on behalf of General ~ ~~CUMENT RE(?UIRED BY TNE LAW OF ~Devebpment Corporation;.tba~•as ~ch Ae,e~t~ta-u au~y autborizod IN AW/ANCE OF SIGNING THIS CONTRACT AND 1 HAVE by Genetal Developrnsnt Capota~ion~o.du s~,.and that weh Pur- ' READ AND UNDERS?AND SUCH REPORTIS). ehase Agrcement is the a!t ~lh~~~~t OeAi{x0) 9erebpment Cor- ~ fe1 I agrce ~o ax the described property in accordance poration. r~-t,' ~ w~ih ihe terms o ' aareement, the Su nt and any duly `~.'~-~'~~f%' • :3 cxciutcd Rider t ret W~'~V~ ~y hand al~T~ •$wtb named above. P srri n~w SEAL .,~s = this date v~ `,~~CJRDED ' ~ :~:;~;~;p ~ .`x` PurtAavt'a si na t ` ` ST. WC~C COUNTY FU. ~ I h~~e rccciv h t P.~ym wrtncisaf ~he ahuve~S~iGi % POtj~ , Nut~rirM ~ e ~ e~gn.~~ure1 • CI~RK Ci~CUIt C RT-~~ '.j, 4':~ ~ p pE[~ YE~-~rtEO~~cnt wac prcpared by~~~~~. Sltfe o1 ~ ~t ~ ~ PH ~r~d A. Duhcny. Gen~l~~q Eiyites AAircl I~~ c,•~ u'.~~,.,, .n s.~.~. x.~~~ ?~•S Gcneral Develupment CorDQL~{~IPI~ ~•«.c., a e...~r 4 la 1~ i i so~~.n e~y-~no?e tir~~e ('ASN C IIE(' ~ r~"'~ f?ts.uni. tluriJr 3)131 ~ , , . :~d ~~~g ~ Q 1579 = r . ; ; c . . . aooK 1~ _ . _ : , _y ~~~r- . _ - : .~~,x.