HomeMy WebLinkAbout0996 YEQS IS A LSCAI.[.? BINDIIVG OONTRACT. ~ NO? FUI.LY VA'DERS'~~~~ OOMPE~~~ADVICB '
DEPOSIT RECEIPT AND CONTRACT FOR SALE AND PURCHASE 2~$Os
G ~~3~1_~I._Muxza~_and_HaL.~burch __~Ioined-h~c-rheix -Wi~es------------------------------------------. ~ifdA0lfi.
of _PsO._Box_728~,_Wilkesboro,_North_CarQ~in$ 2$6Q7__ ~p},,~QJ.Q~_ ~47_-12~$ hereioaf~er called ehe selkr¢and
Alto Adams or hi~_n4~4ipe~----------------------------------------------=-------------------
of _ 2809 Orange_ Avenue, _Fort Pierces_ Florida _~p},, 464-6500 ~ buyer, hereby a~ree
that the selle~ s6aU sell ~nd tbe buyer sha11 b~?Y d~e follo~wing describ~ipnperty UPON THE TERMS AND OONDITIONS HEREWAFTER
SET FOR'CH. whic6 sh~ll iaclude ths STANDARD FOR REAL ESTA1`E 'i'ltANSACTIONS set forth on reve~e ~Ide oE tWs oootract,
1. LEGAL DESCR1PtION of real estate located in _~t Lu~ie------------------------------------------------ Ca+nh?. Florida:
W~ of SE ~ Less Roads and Canal RS/W of Sec_11 'I~,msp 35 S Range 39 E
Permanent overhead irrigation system, Pump and Wells. 73-74 Citrus Crop to be
Pusonal prorerti ~=retained by Sellers.
screee addrou: Orange Avenue and Rock Road SE Corner
s~u~~ represents tbat tbe property wa bs a:od for the follo~vin~ puposes: ~~~~~~_~xoy~_S~ZQn~d_.Agr_i~ul~.urall-------------
2. Purdwse price and Method of Paya~eah Purcha~ prioe b FOUR HIJNDRED THOUSMID 400~000_00~
De~t to be heW in ~ust by _Edward_ F. Newberger Trust_Acct!_ _________40,9QQ,~QQ_________
Appra~cimate prindpal baLaoe of fi~st mortgage to which rnnveyance shall be
subiecc. if aay. Mo~t~e boWer_Cecil_Murra~! ~_Hal Church _ 284,QQQ~Q4_________
Incerest ~_____-9G per annum; Method oE paymeat Fi_v_e_ egual_ annu~l
~D~ilk .Pa.yments of ~56~800LOO,.Ql~~~ntg~e~t
Cash, oedified or bcal cashiet's c6eck on cbsiag and delivuy of deai (os such
~c~ter ur ksser unonnc s may be neoessary to compleM pqmaat of P~uchase 76 000 00
ptioe after credits. adjusoments and proratioas)• _-----------1----s
3. TII1sE FOR ACCEPTANCE~ If this contract Ls not e=ccuted by the seUer and buyar on or b~a:e rs~y__ZSt_ ~9~3---- ~
aEoresaid deposit shall b~ at the option of tbe buyer, reh:sned to him ar~d this agreemeat shall be null and void. Tbe date of coatract, Eor
P~P~ ~ P~~~~, u the date when the Lst one of the selkr and bnyer hu si~ed tbis oontract.
4. Q.OSING DATEa This conhact shall be cbsed and tLe deed and poas~sion sball be ddivered om or beEore tbe -1 daY ~ June--
19 74 nnless e:cended by other pmvicions oE this concract.
5. PAORATIONS: Taus. iawranoe. inhra~ ra?+s ud othu e:peases and nw~amus of saW proparty shall be proated as of the date of cloaing.
C,. EVIDENCE OF T11Z.E:_(C1rxk ~(1) or O(2)) Within --~.Q---- days from the date of this oontract, the seller shall. at his e:pense.
~leliver to the buyer or hit atEomey in aocordance with Stnndard A on reverse side either: (1) abatract ~j~iG~~jlL~d~i~fiC
7. CONVEYANCE: Selk: shall canvey titk to the aforaaid pmperty to tLe buyer by statutory warianty deed subject to matters o~tained ~onn
this contrac~t and q~s for tLe year of dosiag.
' 8. REST1iICTIONS AND EASEMFIVTS: T6e buyer shall take tide sub}ect to: (a) Zoning and/or restriMiona and tfoas imPosed bY
j Rovernmental authoritY. (b) Restrictions and matters aPP~~B on the plat and/or ca~mon to the subdivisioo, (c) Pu lic utility e~of
; record. provided said ~asemeats are located on the side or rear lina of the property and are not more than siz fect in width, (d) Other
~ _ except those of _public_ record
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! Further pcovided that none of the foregoing intufera witb the use of the property for the purpoaes as stated 'm this contract.
E 9. DEFAULT BY BUYER: If lwxu fails to pe:form any of the oovenants of this oontraet, all money patdpu~an t to this oontract by the
~ buyer u aforesaid shall be retained by a~ for the aceamt of the seller ~s oonsideiatio~ for d~e eucution oE tt~is oontract and as a~reed and
liquidated damages aad in fuII settkmeat of my cL'aas for damages.
~ 10. DEFAULT BY SELLEl~ If tLe sdkr fa0s to paform any of t6e coveaants e£ thit oon the aforesaid moaeY Paid bY tbe bnYer at t~e
# ~~ption of the buyer, shall be ntutned to the buy.e! on dernand; or the buyer shall have only~ right of specific performanoe.
~ I 1. OR RANDWRTI'lEN PROVISIONS: Typewritten or handvrrittw provicioas iaserte~ ia thk form shsll oontrol all print~+d
~ provisiOnS in ConBiCt theiCwit~
12. OTHER AGREEl4~ENiTSs No agroemenb or represeatstioas. nnless mcorporated in d?i~ oontract shaD be bjnding upon aay of tbe partia.
s 13. SPECIAL Q.AUSES:1~ Sellers agree to maintain grove according to good husbandry practices of
E~~_. Lucie County. 2/ Double wide mobile home office, furniture and water pump are not included in
d~_~:~:~s sale. 3/ 120 days written notice is granted to remove trailer from premises. 4/ $40,000.00
~ d~~posit to be invested in Certificates of Depo"sit by Ed Newberger. Accrued interest_to be divided
k~qually between Buyer and Seller upon closing. If deposit is forfeited, interest is also forfeited.
Sellers will return the property for taxation to qualify under Green Belt Law with the tax
~ .~;=sessor. •1~_`~' ~Q L1_~~.1_---
° F.ueuted by Buyer on r
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~ WITNESSES: (Two are required) \ .
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~ - - - - / ~'1 ' -----------------rsawL~
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~ _ ~,c`"1 ' - ---------------------Buy~, ---------------rsawL~
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X` CObII~QSSION TO BROKER: 'I~e selier eby reoo~us _Ed_Newber~r
~
~ti FORTY H
~ az the broket in thk transactioo, and agees to PaY +s oo~missioo 10--- 9G of the gross sales price, tbe su~ of
~ THOITSAND Doilars (=_4lZ~S~IIO.IlU_) or onthalf oE tbe depoait m case same is forfeited by .
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- the bnyer throug~? failure to perfoim, as oompensaKoo far service readened, provided same does not ezceed tbe fuD amount of the commissioo.
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~ . Faecueed by Seller on
~ Wl7'NESSES: (Two are requi~d)
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s:; n~pos;e receivaa on ---~~-r,~.l~ 7.3_--- to be beta :ub;ac co thts ~«,a.~c; if~ wb~eM eo ~kacanc~
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