HomeMy WebLinkAbout0536 OPTION - Page 2
shall commence on six (6) months from
the date of closing, and said note shall
provide for a privilege of prepayment
without penalty and a thirty (30) day
grace period.
4. EXERCISE. This option shall be exercised by
the attorney for Optionee Ro ert M. Lloyd, Esquire,
delivering the aforesaid/~~~~~a~~ the attorney for
Optionors, Philip G. Nourse, Esquire, on or before the
expiration date.
5. FAILURE TO EXERCISE OPTION. If the Optionee
does not exercise this option as herein provided, the sum
of Orie Thousand Dollars ($1,000.00) paid by the Optionee
shall be retained by the Optionors, free of all claims of
the Optionee, and neither party shall have any further
rights or claims against the other.
_
6. POSSESSION. Optionors hereby grant possession ~
of the property sub~ect to this option to Optionee; pro-
vided, however, Optionee shall not disturb the use and
enjoyment of the present tenants of the dwelling situate
upon subject property, and further provided, however, that
said present tenants shall be allowed to retain possession
of said dwelling without any obligation to pay rent therefore
for a period of ninety (90) days from the date of closing.
Notwithstanding the foregoing, Optionee shall not be granted
use and possession of the dock appurtenant to subject prop-
erty until the lst day of February, 1973.
7. ASSIGNMENT. This option and all rights hereunder `
shall be free y assignable by Optionee,-and any and all acts .
performable by him hereunder, including but not limited to =
che execuzion and delivery of the purchase money mortgage
~ and secured promissory note as provided herein,may be
performed by any assignee.
~ -
8. ABSTRACT. Optionors shall provide Optionee
i with an up-to-date abstract of title prepared by an
~ abstractor licensed to do business in St. Lucie County,
€ Florida, within fifteen (15) days from the date hereof.
~
~ 9. CONVEYANCE. Upon receipt of the purchase
~ price as hereinbefore
provided, Optionors will execute
i and deliver to Optionee a good and sufficient warranty
~ deed, containing all the usual common law covenants of '
~ title, conveying subject property to Optionee in~fee simple,
~ . provided, however, that in the event any mineral rights are
~ reserved to the State of Florida, said conveyance will be
~ subject to such mineral rights.
~ 10. PRO-RATIONS. Taxes shall be pro-rated based
~ upon taxes for 1. The premium on any hazard insurance
nolicy in force covering any improvements on the property
~ will be pro-rated between the parties or the policy may be ~
- cancelled, as Optionee may elect. All pro-rating will be
as of the date the balance of the purchase price is paid.
'=a
. 11. COSTS AND CHARGES. Costs and charges incident
to this transaction will be.paid as follows:
:5
;3 Option for sale - Optionee
Deed - Optionor
Note and mortgage - Optionee
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NEILI ORIFFIN JE~PRIE9 L LLOYO
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: P O BOX ~270. FORT PIERCE. ~IOqIDA 33450 - TELEPMONE (305i 46~-6200 ~
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