HomeMy WebLinkAbout0798 OPTION TO PURCHASE - Page 2.
C. $4400.00 on the 15th day of January, ;
1973, only in the event Second Party has ~
not actually sxercised its option to
purchase said property by that date. ~
t
2. 'I'he fore in o tion to #
go~ g p purchase shall be valid only ~
so long as the payments specified above have been paid current '
at the time the option is exereised; .
3. Z'he option money paid under this option aqreement
shall not apply against the purchase price; -
, 4. To exercise this option, Second Party shall notify
~
First Parties in writi.r[g, by certified mail , sent to the following ~
I
address: ~
j
i
Within 15 days of receipt of said notice of exercising of option, i
First Parties shall. cause an Abstract of Title, with caption
description to correspond with survey to be furnished by Second ~
;
Party, to be delivered to the attorney for Second Party, B. A.
!
Bittan, Jr., P.O. Box 309, Fort Pierce, Florida. Second Party
shall thereafter have 20 days in which to have said title examined
and this transaction shall be closed on or before 20 days after>
receipt of abstract by attorney for Second Party, with First
Parties exchanging a properly executed full covenants of warranty
~
deed for a cashier's or certified check representing 2596 of the
purchase price of said property and a properly executed purchase
i
money first mortgage on said property and promissory note for the ~ ;
payable in 40 equal semi-annual installments L~. ~
balance of the consideratior~/, with the interest rate in said note
~
to be the same as the interest rate in the note between the parties ~
hereto dated April 23, 1971, and with said mortgage containing
partial release and other flexibility of development provisions
as contained in the existing mortgage between the parties hereto;
5. Should title be found unmarketable by Second Party
within the 20 day title examination period, Second Party-shall
- f
LAW OFwIC[• ~
WILLEB. BITTAN 6 WtL~EB - dOOK~V{J PACE
P. O. ~OX iOQ
rORT rl[QCL. rLO1~10A ,l4A0 ~ ~
_
' _