HomeMy WebLinkAbout2092 3. .iAiuc~TABILtTY OF ~`ITL6. Should a dispute arias aa to
ths markv~ability o! title. Sell~r way ~=oduce tho bind~r of a
reputat~l• aad solvoat titl~ insuraaa~ orqanisatian agr~~ing to
iasur~ sai~ titla wiLhout enwption for the item in disputs, vhicb
binctor shall be cenclusive as !.o narketa~ility oi said titl~.
l. clrosZt,tG. I~ th~re ass a~ defects ia titla, olosir+g
ahall be held on on or batoro •~tay 12, 1972 at 1538 Stata stro8t,
Sarasota, Florida. At closing, upon receipt of the afoseeaid 9ua?~
Sellor ahill execute and deliv~r ta Buyer a sutficieut and rscordable
aarraaty deed conveyinq a qood ~aark~tnble record fee aimple tiLle
in aad to the above describeci property aubject only to soniag reqnla~ '
tioas, and taxes for tt~e curreat yesur. Seller shall pay for reqaizad ~
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docwtentary ~taa~s and surtax oa said deed. Posaeasiou ahall l~a ;
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giv~n to bnyer at t~.e time of closinq. ~tisk of loas shall remaia ~
with Seller until closinq. '~e~ces shsll t~ prorated ns o! the date of _
closfnq .
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5. ~i~I'Aiii,TS. Zf no defeats exist in title aud auysr ~
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fails to ~rtorm aay of th+~ covenante hereaf, the earnest ~aoney
paid by i~nyer snall b~ retainecl by aucl for the accouat of Se11er
' as conaideration for the executio~ of ~hia oo~ttract and in full
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~ sattles~ant of all clai~s for damagea and the Ssller aa1d Buyer shall
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~ t~e re~feve~2 of all oblige~tioa each to the ~ther, Zf Seller fails
to perform any of the oovsnaAts noreot, Huyer ~y, at Suye='s ~
aptioo, regain the earnest a~oney theretotore paid and tharaupon F
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the parties shall :~e relievad-o! a~l ohliqation hereunder, o= ~
elect to hsve apecific pesforaanc~e. . ~
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6. 3Ui~V~Y. Buyer, at Buyer's er~ensg, aYCept as noted }
~erein, ~ay at~ain a survey of said prop~rty. If auc.`~ survoy ~hous
ar,y violation of restrictions or gover~ntal aoning reyulations,
~ or if ar~y impzovemaota, other thaa plantinga, driv~+ays or walkwnys,
are conatructed orer aay ease~aents , or if the i~rova~snta ars
not eatirely vithin the aL~ove ~eacribed property, or if tt~ere ase
any eACroau~ata or overlsps, tbe aa~s sball be deemerd a detect in
title. Sellas •hall paY for tb~ eurvey in tho event sneh aurvQy
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