HomeMy WebLinkAbout2097 OPTION TO PURCI~SF. - Pago .
C. $4400.00 on tlie lSth day of January,
1973, only in thc event Second Party has
• . not actually exercised its option to
. purchase said property by that date.
2. T'he foregoing option to purchase shall be valid only
so long as the payments specified above have been paid current
at the time the option is exercised; - ~
3. T'he option money paid under this option agreement
shall not apply against the purchase price; ~ ~
4. To exercise this option, Second Party shall notify
~ . First Parties in writing, by certified mail, sent to the following
' address : ~ - ~ ~ ~ - ~ . - ~
Within 15 days of receipt of said notice of exercising of option,
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 .
rea~eipt 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 2590 of the
~ purchase price of said property and a properly executed purchase ~
~ .
! money first mortgage on said property and promissory note for the
`
~ ~ payable in 40 equal semi-annual installments :
~ balance of the consideratio~/ j~~ ~
, with the interest rate in said note ;
; ~ .
; to be the same as the interest rate in the note between the parties
; - .
hereto G3t~~ April 23, 1971, and with said mortgage containing
" partial re2ease and other flexibility of development provisions
' as contained in the existinq mortgage between the parties hereto;
f ~ -
• 5. Should title be round unmarketable by Second Party
~ within the 20 day title examination period, Second Party shall
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