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Home My WebLink About1584 . • ~ CONDITIONS OF' PURCHASE PI.EASE READ CAREFULLY 1. R.1SIC AGREEI?tENT YOUR R1GHT IF WE FAIL TO PERFORM Wc IGeneral pevelopment Corporation) agree to.sell tp ypu . I[ we fail to meet aoy oq~ ~ atio~un¢er lhis agreemen~ (the pur~~ qr ~~xa aamed a~ the taapg~ ~ ~he~rosidc~lial maX ekct either of the (oUo `_~icc ve~ rcH~dia. at your pro~+eriy de~erit+ed• in tbis pun~ase i~troement. This agreement also ~ oQ4o~t • stat~ the p.icrtiand describes tht dhSr terms.o( th~s purchase, You (i) You may eachange this property for aher property of agrec ~u hu~i tb~s•p~oporty fmm uo and lo ~ake Standsrd a/oMhi~e vNue in th~s or aay.aMM d orr,la~wonicia and in a Pa~aientc i~ the aaµwnt Jwwn ots thr face uE this a~reuneat oa or ~~~~y ~i~b~e Iocatioo, or • befurc th~ tentl~ a~y p( each.+uooth. The upw~ b~snqe at any tima :.~b~ ~~~I ~nd alt payments mad0 bx y~ under this a~ will bear interut at tAe ~ate uf ~'7r per year. . ment. ~ 2. PAVING OF YUI:R STREET If you elect either q( the~ rtc~iies. bOth,you apd,we wiil be Thi~ proDe~ty_is presently uniu?ptoved. We a~ca to Complete rcleased f~om any further obligations imder this asreemet~~ and the paving of stree~s adjaceqt.b your property, in accordance with there are no othe~ pnvileges of cancelladon or refund exetpt as the plat filed in the puhlic reeords of the cuunty in which .your statnl above. . - ~ propcrty i~ located. t+efure ~he end•of the year in which your Sta~d~td ~ • Pa~~mcn~ fompk+~un Ih~tr ocnirs. 8. NO PERSONAL UABII.ITY ON DEEAULT 3. 1'OUR WARRANTY DEEU ~ You h~ve no ~+ersonal li~lutity to make any payment under Ihis (a) We will deli~er lo agreemenl. Howeve~, if YoV [~il to make any payment. you will be yo[i ~t our expenee a properly ezecuted' in default a~d wr may ternenate this agreement. WarraMy Deed if you have fully pe~ i}r lltii.prpperty by'malcin~ gt~ore any such termin,.tiottbecomes tf[ectiYa yrou witl have a all of your Standard Alonthly Payma?ts ir~Iho~A papayment. •gr.tce periai within which ta b:tr?a your account to a turrcnt status. (b) The Warranty Deed will convey good marketable and insur- This grsce ~riai chall be for the period of 60 da~~s if 1096 or less able title to ~•ou, [rce and clear of ail er.cumb~ances except for We ot the principal amount ot the putchau price h~ ~+e~n Faid. 90 (olluw•iw~- N NI» li~n (or-t~es•t~.~Ae.ysar•iwarhicJ?...w oonwf~+~. dariif more•then•109b-and Ids~than 35~b•sf 41K-prinapa~~amount property; (2) od, gas and mineral reservations of reco~d, if any; of Ihe purchase price has been paid. 120 days if more than 2S~J'o but 13 ) zoning and .regulatory ordinances, restrictions and easements Iess than SOS'o of the principal amount of the purchase price has been commonly found in Florida ..tarnwu~iqa.s qt high _stand~r{1s; (4 paid, anci 150 days.if.SU:~ or more of the princip3l amount of the restriaions and limilalions atiecting the use of the p~operty whic~ purch~sc price has been paid. are common to lhe snbciivisiun and which ~ow or hereafter may Ii you bring yaur account to a eu~rent status by paying all past becomr o(_puhiic record..~ .IS) e.lsements for drainage, canal • due~pr~ncipal anJ interest within-the 9pplicaWe ~race peswd. you maintenanee and public utilr~tie's: will no longer bt considercd in detault. if ybtl do not bnng your (c! :~ftzr thi: \~'arranly Deeri ic recorded, we a•ill at our accuum to a corrent scatus wilhin tht applicable grace period. we ex~+rnce ha.~e is~ued to ~ou a stanJ~rd owntr's title ~~ti:y from a may terminate this agreement without further notiee. memher firm of the Amrrican Land Ti~le Ass~~ciation. If we- termipat~, this agceeq~eji4 w•e wi!( re4tiu all monia you IJ 1 l'cc and po~x.,iun ot this pruprrty wi11 bc retained until have p~id urKfai tl~ar'agratmeM. u~elyding pFinapal.at~.inttrat, as y~a~ have paid u> the purchasr pricr io tull and until we have deliv- liquidated damages because we have taken this property oH the real ered ~he ~Varranty Deed. . ' estatc ma~let, we h~ve turnetil away other prospcctive purchasers and 4. YOl'R RIGHT TO PRFPAY we have incurrcd or aill be incurring developmeai and other ex- {.ences in connection with this property. Upon tern~ination. any and 1'uu ha~c the ri~.ht w prepay the outstanJing balance under rights you may have had in Ihis property shall immedeately ter- thi~ agrcemeq( in,whqlF Of jp:p:ut a~~} ~imc.wiliw~t ~+rp~(yr- Fnr - minate and wc may rcturn thi5 property to our im•entur~~ a~d reselt ~•urpi~k~ uf ttiis paragraph additiona Down Payment. if any (as it free and dear of any claims, liens or encumbrances ansing out of ~huwn in p:ua_raph 4 on the face of this:~Sreement), shall be consid- this agrcement. ercd a par~~al prepayment. Prepa~~ment dots ni~1. however, accelrrate ouf t~hl~li~lw ~~•W~lilivt! th2 WasfBMy Da.d•a~xl title insurr~ce 9: T£RMMATION . poliry to ~•~x~ hefore the S~andard Payment Completiun Date or (b) 1f this aFreement is terminattd, our recorded affidavit attating tu crmplett 1hr pa. in~ of the arcets adjacent to your property txfore y~ur default and the termination, shall b! eonclusive proof of ~he rnd uf ~he ~ear in which StanJard Payment Compktion Date ~ueh default and termination for all pu~poses. and you irrevocably ~•c~ur, Nowe~er, if ya~ do prepay, we will lherwpat issua you a. authorize us to tAns atta[ tmd retord ~h efiFd6~it as though'it were cert;fi;ate of payment in full. your own aCt and dced. S. ~~'E pA1' T:~XES ~~`e ~~iN p~~ :ill real prepeny~ taxes un this property w•hile this 10. ~FFECTIVE DATE agreement ~c ~n force or until ~ou recorJ this agreement or until we - This'agreament is eQa7ive andbindi~ o~l us when you have Jeli.rr y~~u ~~1'arranty D:ed com~eying title to the property to you. -mP.~~. ~t and ~~~hen we have signed it at our Home OfSce. We may whi~hr~er first occurs. accept .or_:ceject this ap.reernent ~vritAout -exQ~latntioa.~~and if we 6. YOUR TRANSFER PRIVTLEGE ~ reject it. we N~ill return the Jeposit to you and both parties shal! be released from any obligation hereunder. lf ~our pa~mertts are currenl, we guarantee you the privilege to trar.tifer ~~wc equi~y. Uhe: portian of.rypw paymoat~,oo,lhis Property ~ ASSIGNMENT OF TNIS. AGREEhiENT a~plicd towards principall at any time before you have paid yuur _ Y~ ~y this agreement with our wrinen eonser?t upon ~x,tstanciina halance in fu11.:This tnnsfer may bc~ toward e~cher: ~y~M of a Iranster fee. 1 a) The . purchase of a~~ailaWe property of equal or higher . price in this or any other of our Ftorida communitia, if yw ~Z_ NOTICES transfer w~i~hin throe years o( the date pf thi~ agreemeM; or • . lb) ?he purchase of a standard home built by us in an avail- Notices under this agrecment must be in writing and addrased to able housins area. the last l•rtown address of the respective parry, eacept as to the vad- If you have equities in more than one lot. you may transter ance and revocation right as prondod in pa~agraph (d) under "Ae- i Ihem uNy W a like numt+er ot other lols or homes. knowkdgmenC' below. s E ; ACKNOWLEDGAIENT Accepted at Miami, Florida by ~ The undenigneci Purchaser{s) cettifia that: GENERAL Df,l(~LOP EN ORPO TION ~ Ia) 1 am of Irgal age. ! Ib? 1 have ~ead Ihis Agreemrnt and no additiona) rcpresentatiaat ~ • ~ have bten made to induce me to purchast the property describod. BY~ ~ (c) 1 have received and havt had an opportunity to lx~fiine - ~~~o,K a _ ~ the Su~plement to this ag~ecment confaining a stattment and finan- g cial information requirod by Federal law regarding my right to cancel w~, ~ this traasartioa wUbin three (3) business days . . . • . . Id) 1 UNDERSTAND i HAVE'THE-OPTiON TO REVOKE ~ ~ THIS CONTRACT 1F 1 HAVE NOT RECEIVED A PROPERTY ~ ~ REPORT •PitEPARED Pt1RSUAl~f1' TO THE.' RULES AND REO- witnar' ~ ULAT[ONtS OF THE U_S. DEPARTMENT OF HOUSING AND ~ URBA~I DEV~LOPMENT. IN MYANCE OF. OR AT THE STA?E OF FLORIDA - ~ TIME OF SIGN?NG THt3 CONTRACT• I UNDERSTAND I• ~ S5: ~ HAVE THE FURTHER RiGHT TO REVOlCE THIS QONTRACT COUNTY OF DADE j a WITHIN a8 HOURS AFTER I HAVE SIGNED R' I~ I DID NOT ~ RECENE SA1D PROPERTY REPORT AT LEAST 48 HOURS ( HEREBY CERTIFY that on this day. befqrt me, a Notary p BEFORE SIGNING THE CONTRACT. 1 HERERY ACKNOWL- public authorized to take acknowledgments, persunally appeared ~ EDGE AND AFFIRAt BY A1Y SIGNATURE HEREON THAT I ihe person indicated as Authorized Employet abovt, whom I know ' RFCEIVED SUCH PROPF.RTY REPnRT (WHICH IS AI.SOTHF ~o be Ihe Agent.of Gtnerat QertbpRltln,.Cotporation.in the fore- = REPORT REQI,IRED IiNDFR FI.ORIDA LAW). TOGETHER going Purchase Agrcement. and acknowkd ed txfore me that he WITH ANY PROPERTY REPORT OR OTHER APPROPRIATE eaecuted >uch contract in Ihe ~arue of a~oR behalf of General DOCUlNFNT REQUIRED BY TNB LAW OF Devebpaxnt CapDretion~ dta~.l~s _ is duly authorized ~ 1N ADVAhCE OF SIGNING THiS CONTRACT AND I HAVE Dy Gentral Developmer~~p sq,: ~?nd that sach Pur- READ AND UNDERSTAND SUCH REPORTIS). chase AErecir~ent is the'~ ~d, ` at.pevelopment Cot- IN 1 a ree t urchase the des~ribed ration. . _ g property in accordante Po ~ r~ with the terms f is agreanent. tbe Su lement and any duly ':~'.~~~,~-i;:.C• ~'_.~~f~,~,., ; ~ excci,tod Rider the to. ~ ~ " WITNESS my hand a~{~i ~1,~~.Sl~e ~atn~d abovt, ~ SEAL ` ~ Fure r's siR wre ~ . _ _ this date ~ ~ ~rhaw~~or •e FlLEOS~ RECOROED ~ ~ - 'i• ; 1 h.,~e rc c" he I' i Pa ~ witne the ~+b~1~{L ~~1uNTY - N„u y~: _ :r signr~ur RQCER P9iTRA5 . -S•• ~ ~ CLERK C~~C~11 i strument was re ar ~k V RtF1E0 C P ~ - RECORO ~ ~.,.,d ooh~~Y, c~w~~ E~ ~.a~ n~ ="r ~x~~~ r i r~,.n M, H~p~a~en ~.e ~ General De~elupment Cofp~41io1Mr w..kw ~w ~ tM~ G~ F~ ~ 2~6 PN 11 I 1 SvuM B~yshore Drnt ' • C ? CHECK ~ 111~.uni. FloriJa 33131 ~ - , ~ 2~;i`~~3~) ~~rn ~ ~rJ~ , , ; i - _ , . _ - ~ _ _ . . . . . _ _ ~ .