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Home My WebLink About1665 ~ ~ . . f~r Q~ ~si~-~~~~~ to ~j~e~~~s~ a,:;~ Co~~~~act fo~ ~r~ . Q ~ate -Octo~or_ 11 * _193? . _ RECEIPT is hereby acknowledged by.__Tr~~]9Ur8 _R881~y~ _ IDQ. _ _ Realtor. a Reoistered Real Estate Broker hereinafter called Agent,T~_~?$., S• U. __..~i. ~~1__ _ ~ _.~ort Pierce Flor~d~ ua~«=s~ T cash (X ) check +n the sum oi 0~@ Hundred eq~ OO~YOO~~~w~~w~~~.~.~w~.~r~+~~r.~w~.~~~.~w~~~~••pOLLARS 100.00 - (b- - ) . f~om .1'+illiam_ H.^Brey _and__Barbara C. Iiray~ his_ wifo hereinaiter calied Buyer. { as an earnest money deposit and as a pa~i ot the purchase price on account of offer to purchase 1he property of ~ ~~ereinatiar called Seller Marie S. Br03Ct7 ~ • - - - sa:d property being situated in the County of _ St._ I,~Ci6 and State of Florida~ to wit; ' ~ots 1 and 2, Block 3~49, PO~tT ST. ZIICIE. Seotion 25 ~ Plat book 13, Paga 32. ::+s Con~r~ct ~u'ojec~ 40 lots be+ng a min'~ar.vu~ o~ EO 125 ft Q~ch. : s~c: ssar r~~Qrv~s tYto ri~h~ to cwacel cor.tract at no cos~ or expe:~se in t?~3 even~ said lots ~~a r.o~ o: at leas~ ~Y~,e nfo:Emoatiozted ~ae~surc. upon the terms and conditions as follows: the total purchase price being ~_5 r 600.00 `__`___and shall be paid as follows: The deferred payments siiall be payable as follows: Cash Deposit (above) $ 100.00 Cash on Closing $,5500.00 purcnaser ei~all increaee depoeit to Existing Mortgage or Liens assumed S w500.00 by fOrwarding ~~00.00 to Oeterred Payments Ch3r169 Becht, Attorney, who i~ill Total $~00.00 hold tho entire $500.00 in eeorow uc.#~ ~ osing. T~ { nsrAe~,g~~90.OC ahall be made by the 8th oY November, 1972. 1, Abstract Title Inwrance-The Seller is to furoish, at his cost, abstract of title, ce~tified to date, or title insurance binder (with cost of title insurance policy b~e~ing paid for by Seller), showing good and mt~chantabte titie, at optioo of ihe Se!ler. to the 8uyer or his designated attorney. within~~%days after this date. Z. Examination of 7iHe--Trme to Cu~e Defetts-The Buyer or the attorney shall have_l~ days within whith to examine the said abst~act of itj~ or the title insurance binder and to signify his willingness to aCCept same, whereupon this t~ansaction shall be concluded within 17 days. . tne event examination of abstract of title proves the title to be unmerchantabte or uninsurable, ihe Seller shall have_ 15 __days ~ ~•f:th~n w7uch to cure the designated detects in the titte that render same unrnercliantable or uninsuraAle in the opinion ot the Buyer or l~is said atto~ney, and the SeUer hereby agrees to use reasonable diligence in curing said defects, and, upon the defects being cured and notice of that fact being given to the Buyer or his said atiorney, this transaction shall be closed within.__ Z.d__days of delivery of said ~otice. Upon Seller's failure or inability to correct the unmerchantabitity of the titfe wfthin the time limit or a reasonable time, a: tlie opiion of the Buyer, the Seller shall deliver the title in its existing condition, otl~erwise the Agent, or the Seller. holding the herein n~~nt~oned earnest money deposit shall relurn same to :he Buyer upon demand therefor and all rights and liabilities on the paR of the ~ 3uyer arising hereunder shall terminate. Provided, however, that in the event of a disagreement between the Seller and the Buyer or : h~s said attorney, as to the marketability of the title, the Seller may o(fer the binder of a ~eputable and so{vent title insurance company, ~ agreeing to insure the marketability of said titfe, which shall be conclusive that said title is merchantable. Upon return of said deposit under such conditions, the Seller shall pay the Agent the fee specified hereunder or at the option of the Agent, an agreed sum not ~ exceeding the regular fee, to cover expenses incurred. 3. Zoning-Restrictions-It is understood and agreed above mentioned property is being sotd subject to the zoning ordinances, restrictions and lin~itations of record and public utiliry easements of record, it any, which do not i~terfere with use of said property for R@91d@t~t~.e~, purposes. 4. Conveyance--Seller agrees to convey .t~tle by Wa ~ra nty deed to Buyer, free and clear of all liens and encumbrances, including alt cnarges assessed or to be asse~sed for public improvements comrnenced prlor to closing, except as herein otherwise p~ovided, and said deed shall be prepared without expense to the Buyer. 5. Documentary Stamps--The Buyer shall properly execute the required notes and moRgages, if any. and shall pay tor the documentary stamps on the purchase money note and for recording the deed. Seller shall pay for the documentary stamps on the deed, and tor the intangibte tax and recording the purchase money moRgagp, if any. ; 6. Closing Costs-If this transaction shall be closed through an abstract office. bank, law office, or any other agenry than the i aft~ce of the Agent, and where a closing or escrow charge is made, such expense shall be borne by the ~ 7. Proration of Taxes, etc.-Atl adjustments of taxes, insurance premiums, interests, rents or other items on said property are ~ io be made on a pro rata basis as of the specified time or date of ctosing. (If taxes and other items are not to be prorated, speci(y j a6reement astosuch items.)_ at a8te Of elo9ing f Possession will be given Buyer on_ d8 ve~~ clos_ing , 8. Survcy-If ttie Buycr desires a survey of the property, he niay have the property surveyc~l at his expense prior to closing .:ate. if t+~e survey sl~ows any encroacliments on the land herein described or that the i~nproveinents located on the land herein de- scr~bed encroach on other lancls, written ~otice to that effect shall be given the Selter and SeHer shall have the same time t4 temove s~ch enc~oachments as is allowed under this contract tor the curing of defects of title. If ihe Seller shall fail to remove or cure said iiir.:~ntS ~v~tl~in siid period of time, tlien t1~e deposit tl~is day p:~id sliall, at the option of the Buyer be returned to Buyer upon .;e.~t.~i~~. aU nghts aiid liabihties arisin~ hcrcunder s1~a11 tcrminale. or Duycr ~ewy, at l~is oJ~lion, Closc tlns tran~t,ttsvrr~i, 11.~ sarr.•. ~~~anner as if r~o sucii defect had been tound. 9. 7ermite Clause-Prior to closing, at Buyer's expense, tl~e Buye~ sfiall have the right to have the property inSpeCt~:/1 by a ~,cer.sed exterminatir.g company to determine whether there is any active termite or wood destroying organism in any ~rnprovements c~ sa~J property, or any damage tram prior termite or woo~ destroying organism to said improvements. If there is any such mfesta- :.on or dama~e, the Se11er shall pay alI costs of treatment and repairing ar~d/or replacing all portions of said improvements wh~ch are "Srsted or have been damaged; PROVIDED. HOWEVER, in the event the tosts to be incurred are more than three percent (3°/a) ot t:ie purchase price, the Seller may offer to tonvey sa;d proper[y in its present tondition with the purct~ase price reduced 'oy tlie est~- -.~c,:ed costs to be incurred, if such offer is accepted and agreed to, in writing, by the Buyer; or, Seller may declare th~s a~reement -.~~~1 and void and all momes deposited witl be refunded. In the event the Buyer refuses to acce~t said property in ~ts present cond~tion ti~e purchase price ~educed by tl~e estimated costs to be incurred, ttien tlie Buyer shall so ~otify the Broker and Selier, in writ~n~. =•~:i~+:~ _ ctays, and tliis agreernent will be considered m~ll and void and all monies deposited will be retunded, othe~n~se, ;re s.i~~ic sh~tl be in full force and e(fect_ In the cvent Seller r_(r.cts ~iot to rnnvey thn property fn~ the purchasr pricr, r~~l~+rn~l I~y th~ .•.t:n,.itr~f cosls of t~~rati»ent. rep:~irs and/or rcpl.~cru~enls. thc Rro~rr s1~.~H, nr.v,rrlh~•I~;•.:, b~: ~rnlitb•tl lu U~r. Irre Inr pmf~r:•.~~,r~.~l s~rv~ces rendered wh~ch woWd otheMrise have becn clue ~I said salc I~~J Uctn Co~nplctcd. l0. Loss or Damage--The risk of loss or da:~~a~e to premises by tire or otherwise, uni~l detiver~r of deed, is assumed by the ° <•r i,:~ Sr„rr furt+~cr a~rees to de6ver the property in the same cond~Gon as ~t is wiien th~s contract is ezecuted. ; 4 ; ~:UI'Yli1G~If UY THL i LORcUA AS;OCiA~ION OF REALTORS ; 3 eocx ~13 ~~c~ 16b'~ - _ _ _ - - - ~ - , -