HomeMy WebLinkAbout1884 23860~ ~
~ OuTDOOR RESORTS
OF AMERICA, INC. ~ ~ ~ .
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~~~,EO~,~,~~''; PURCHASE AGREEMENT
CAMPSITE OFFERING
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This agreement made and entered into thi~_day of . 1!~.~by atnd betw9en
OUTDOOB IiFS08TS OF AMER,ICA~ INC.~ a oorporation organiz and existing undrar ~h~s lawa of the 3t~tts
of Tennessee. Post Office Box 1116, Jenaen Beach, Florida 33457, hereinafter called the 4wner; and
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hereinafter called the Purchaser; which terms Owner and Purcha.ser shall include and bind he heirs, executors.
le~.•al representativess, successors and assigns of the respective p:~rties hereto whenever the context hereof so
requit~es or admits;
R'ITNESSETH
WHEREAS. the Owner is in the process of de~•eloping a recreational ~~ehicle resort on Hutchinson Island
:~nd :~iettles Island in St. Lucie County, Florida, as a condominium to l~e kno~vn a.~ Outdoor Resorts at Nettles
i~land, and has submitted the lands on which said improvements are to F~e located to the condominium form
c~f ownership and use bS~ recordation of a Declaration of Condominium for said condominium in the public records +
of St. Lucie County, Florida; and
1~'NEREAS. the Purchaser is desirous of purchasing one of the lots in said condominium project pursuant •
to the terms and conditions hereof ; . '
I~'OW, THEREFORE, in consideration of the mutual promi~es, covenants and undertakings hereinafter
:et forth. the parties hereto mutually agree as follows:
(1) The Owner does agree to sell, and Purchaser does :igree to tzut• the fotlowing described real estate
situated in St. Lucie County. Florida. to wit:-
Lot No. 3~ in that certain Condominium to be known as Outdoor Resorts at Nettles
~ Island, as shown by a Plat of said Condominiu~m which has been recorded in the Ofi'ice of the
~ Circuit Court in and for St. Lucie County~ F'lorida, in Plat Book 16. page 1:1A through 1J. to-
~ gether with an undivided interest in and to, as well as the right of use of, the common use ele- #
g ments of said Condominium. ;
(2) The Owner hereby acknowledges receipt of $ 6, 400.00 as payment in full of the purchase price.
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or, in the alternative. the sum of $ "a as a down payment-earnest money to be applied toward the
total purchase price of $ for the above described lot. The balance of the purchase price shall be
which sum shall be due and payable in f
evidenced by a negotiable promissory note in the sum of $
consecutive equal monthly installments of each. The Purchaser shall, upon request of the
Owner, execute a mortgage or other security instrument to secure payment of said promissory note. ~
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(3) In the event that the Purchaser has executed a negotiable promissory note, as aforesaid, all payments
made by the Purchaser on the aforesaid note shall be made to the Owner at the address shown above, or at such
~ ~ther place and to such other persons as the Owner shall from time to time designate in writing to the Purchaser.
~ The Owner shall execute a warranty deed to the hereinabove described real property conveyins to the Purchaser
~ a good, marketable and insurable title. free and clear of all liens and claims whatsoever as of the date of its ~
~ execution. `
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The Purchaser shall pay all costs incidental to securing the purchase money financing set forth above, ?
including fees for the issuance of a Title Certificate; fees for preparation of a mortgage; recording charges; ~
Florida 1`ransfer Tax and F7orida Intangible Tax~ and any and all other closing costs and any subsequent fees '
imposed for release of mortgage. Payment for sucti closing costs and fees shall be made directly by the Purchsser ~
to a title company designated by the Owner.
(4) The Owner represents that the above described units are part of a condominium arrangement and
' that contemporaneous with the recording of the plat there has been recorded in the public reoords of St. Lucie ~
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