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Home My WebLink About2218 RECftVED IN P.1 ~•~!P"1 OF TNIES ~ ON CllISS ~ IN1MGlalE : ~l 1'110tfN~Y, CONDITiONS OF PURCHAS~~ ~0 s o~ 19n~~ PLEASE REAO CAREFUL.LY ~~r ~ L~i OQ~ RA I. BASIC AGREEI?fENT if you havic equities in more than one lot, you may transfer We (General Develupment Co~poration) agrte to scli to you lhem only to a like numbe~ ot othet•lots or~ m~4s. ' ! ~he purchaser ar purehasers name~f on the facepa te) the residential YOUR RIGNT IF WE FA~L TO PER R1?1 ~ property dexrit+ed in this purchau agreemeot. This agreement atso states ihc price and dcscribes 1he o~Aer terms oi this purchase. You 1t we taii to meet any of our obligations undec this agreement, agree to. buy this property trum us and to make Standard Monthly You may tlctt cither of the tollowing cxclusive remedies, at your Pa~•meots in ~he amount shown o~ the [ace ot thi: agrcement on or oP~~on: txfore Ihe ~enth Jap of each month. Thc unpaiJ balance al any time la1 You may exchangc this property fo~ other property of will hear interest at atc uf 6~h Ko per year, similar value in this or any other ut our communilies and in a 2. PAVING O'YO'~1R STREET similarly desirable location, or This tR is rzsentl unim ru~ed. WO a rce to com kte ~b> tVe wili refund all payments made by you under lhis agree- Pt~ Y P Y P 8 P ment. the pa~i o~ucets adjacent to your propc~ty, in accordance with ~f you elect either of these remcdies, both you and we will be the piat (ed in tht public recards of the county in wbich }~uur rcleaseJ from any further oMigations under this agrcement, and property is located, before lhe end ot the year in which your Standard there are no other pri~~ileea ~f cancellation or re[und except as Payment Campktion Date cecurs. ' . stated above. , . 3. YOUR WARRANTY DEED 3. NO PERSONAL LIABILITY ON DEFAUI.T (a) We will deliver to you at our expense a properly executed Ycw have no personal liability to make any payment under this Wa~rantp Deed if you have fully paid for ~his property hy making agreement. Howev~r, if you fail to make any payment, you will be a!! ot your Stanelard ~?lonthly Pa~•ments without prepapment. ,-;n ~fault and we may terminate this agreement. lb) Tht Warranty Drrd will com•ry goad ma~ketable and insu~- Befure any such termination becomes effective, you will have a able title to you, fret and cicar of all encumb~ances excePt (or the grace period wuhin which to bring your account to a current status. following: 1 I) the lien [or taxes tor the year in which we convey the, This grace period shall be for the period of 60 da~~s if 1096 or less property; (2) ail, gas and mineral rcscrvations af record, if any: of the principal amount o[ the purchase price has Meen paid. 90 13 ) ton+ng and regulatorv ord;nances. restrictions aod easements days if more than IO~i'tn and less than 25°n of the principal amount commonl~• found in Florida communities of I:igh stendards; (s) of the purchase price has been paid. 120 days if more than 25'ifc but restrictiorts and limitations aBecting the use of ihe ~toperty which tess ti~an S09E of the principal amourtt of the purchase price has been arc comm.~n to the subdivision and which now or hereafter may paiJ, and ISO days if SU'.'£ or more ot the principal amount of the become of public record: and 1 S) easements for drainage, canal purchase price has been paid. maintenance and public utilities. If you bring your account ta a current status by paying all past Ic) Aftrr this N'arranty Deed is rccurded, we will at our due principal and interest within the apolitable gate periad, you . expense have issued to you a standarJ uNneri tiNe policy from a will no lor~ger he considered in defauit. If you do not bring your memtxr firm of the American Land Title Associa~ion. account to.a current status within the applicable grace period, vre 1d 1 Use anJ possessiun ot this property will lx rctained until inay ternunate this ageement wititiout further notice. y~ou have paid us ~he purchase price in full anJ unli! we have deliv- If we terminate this agrcement, we will retain all monies you ered the ~Varran~y Deed. ' have paid unde~ this agreement, including principal and intercst, as 4. YOUR RIGHT TO PREPAY liquidated damages bcraux we bave taken this property oft the real You ha~e the ri ht to estate market, w•e have turned away other prospective purchasers and g prepay the outstanding baiance undcr we have incurred or wiil be incurring development and other ex- this agreement in N~hole or in part at any lime without penalty. For ~nses in cunnection with this property. Upon termination, any and purp~ces of t'~is paragraph add?tiunal Duwn Payment, if any (as all rights you may have had in Ihis property shall immediately ter- shoK~n in paragraph 4 on the face of this agreement), shall t+e consid- minate and we may return this property to our inventory and resell ered a partial prepay~ment. Prepayment does not, however, accelerate free ancf clear of any claims, liens or encumbrances arising out of our obligaUOn (a) to deiiver the iVarranty.Deecl and title insurar~ce this agreement. policy to ~ou before ~he Standard Payment Completion Date or (b) eo compkte the paving of the streets adjacent to your property before 9. TERMINATlON the end of the ~~ear in which Slandard Pa}•ment Completion Date If this agreement is terminated, our recorded afBdavit attesting occurs. Huwe~er. if ~ou do prepay, we will thereupon issue you a tu yuur deiault and the termination, shall be conclusive proof of certificate of pa}ment in fult. aurh defau)t and termination for all purposes, and ~•ou irrevocably 5, WE PAY 7AXFS authorize us to lhus attest and record such affiJavit as though it were \Ve will a• all real ybur own act and deed. p• ) properta• taxe+ un this property while this agrermcnt is in force ur urttil you %ecord this agreement or until we 10. EFFECTIYE DATE deli~er y.~u a~Varranty I~eJ com•eping title to the properry to you. This agreement is efiective and binding on us when you have whiche~er first occurs. signed it and when we ha~e signed it at our Nome Oflice. We may ~ 6. YOUR TRA~ISFER PP.IVILFGE accept or reject this agreement without explanation, and if we If pour paymrnts are current, wr g~arantee you ihe privileRe to ~eject it. we wi11 return the deposit to you and lx~th parties shall t+e transfer ~our ~quit~~ ithe portion of your pa~ments on ihis propert~ reieased from any obligativn hereunder. applied towanLs principal) at any time before }ou have paid your tt. ASSIGiVAfEN7' OF THIS AGREEMENT out~tanding balance in full. This transfer may t+e toward either: 1'uu may assi~tn this ageement with our written consent upon (a1 The purchase of available property of equal or higher payment of a transfer fee. . price in this or any other of our Florida communities, if you transfer within three years of the date o[ this agreement; or 12. NOTICES Ib) 7hc purchase of a starxlard home built by us in an avail- ' Notices under this agrcement must be in writing and addr able housing arca. to the last known address of the rcspective party. ACKNOWLEDGMENT AccePted at Miami, Florida by ~ Thc undersigned Purchaser(s) certifies that: GENERAL DEVE P NT CORPORATION la? 1 am of legal age. - Ibl 1 have read this Agreement and no additional « presentations ~ . have been mado to indure me to purchase the property described. BY~ ~ Aotboriud iRna re ~ (cl i have receivecl arxl have had an opportunity to examine fV o the Suppiement to this agrcement containeng a statement and finan- ~ t~o~o . ial information roquirod by Federal law regarding my right to cancel ~ n~-s thic transaction w~thin three (3) business days, Witness: I id) 1 UNDFRSTAND 1 HAVE THE OPTlON TO REVOKE =~~'~o ~ THIS CONTRACT IF 1 HAVE NOT RECEIVED A PROPERTY w o~~s~ KEPOKT PREPARED PURSUANT TO THE INTERSTATE W~~ness: es i LAND SALES FULL DISCLOSUI2E RFGULATIONS, IN AD- ~ ~v~i~ ~ ~'AN( E OF. OR AT THE TIME OF S(GNING TH(S CONTRACT: SfATE OF FLORIDA ) a 1 L1~DFRS"CAND 1 HAVE THE FURTHER RIGHT 70 REVOKE } SS.`~s W l HIS CONTRACT N ITHIN 4R NOURS AFTER 1 HAVE SIGNED COUNTY OF DADE ~ V It iF 1 t)tD Nn'f RF~'F.fVF SAID PROPFRTY REPORT AT LFAST 4x HpLRS HFFORE SIGNING "fHE CONTRACT_ 1 1 HEREBY CERTIFY thal on this day, before me, a Nolary HFRFBY AC'Kti0~1'1_EnGE AND AFFIR~i BY itY StGNA- pi~hlic authorized to take acknowledgments, perwnaHy aFpeared ! URF Hf=RF.ON "~HA"f 1 ItFCfIVf-1) SUCH PROPERTY RF- ~he person irxlicated as quthoriz~d Empluyee above. whom 1 know FnR7 1~YH1('H IS :1LSO TNF_ REPORT RFQUIRED UNDEK ~ ~he Agent of,G Ju ment CorFwralion in the fore- f!.OKIDf~ I.A~Y~, T(X;FTHFK W("TN ANY PROPERTY RF- F~~n~ purchase uwledged before me that he POK'~ OR O'fHF.R APPROPRIA"CF D(X'l:~tF.~3'f Rt=(2UIRFD executeci tiuc and on behalf of General BY THF 1 A~~' OF= IN AUVANCE OF Developmert ~ gent he is duly auihorizod ~ StGNti~(i ~fHISCOPil KA<' f ANU 1 N:~~'f RFAD AND UNDER- hY Ge al. 44 ~ so. ~tx1 that such Pur- ~Ti1ND SI-CH REPORT~S). ch:~sc ' tnf~ '.t ~t ,~eral Development Cor- (el 1 agree to purchau the descrit~l property in accordance E?orati~ r _ , ~ ~ -a~;'~r. w•ith ~he terms of ~his agreement, the Su nt :~rxi any duly ~ J~.- . - exec~ eJ Rider Ihercto. ' • =t i ~ -s.~; ~ ~ WITNES~., e~ i~e :Ea State nameci above. SEAL i ~ ' hwchi~ s aiRnaWr~ ` ~ ~fi,~~ . . ~7~ .~~~i_ . A ~ ~n~~d:~ce ''s'~: SEAt_ Purcha«r: siKna ~ T t _ - ' . ( fiavc received t nili:~t Payme~t • d tn pbt~ Rr^~ • _ ' a at l~nre _ . l ~ignalures ~ ' . c ' Thi~ instrument was pteparcd by: ~ly ~ m~^ e~J ~Ja~ ~ Da~•id A. Dohcny, General Ct~y E;pres , 23, tq~j ~ ~ 1:~•rN r ~rl.. ~mvn /'or~r.ratN . IeV R~prex~n ve Gtll«:1~ DtYlIOp/Ittlll COlPOfJ110O r~~`~K~w iir~ ~ C•. ! 11 ! Sanh Bayshore Drive C'ASH ` : HF('K \1i:imi. Florida 31131 ~QQK ~ir~ 1 PACf ~?~?Va`7 ~ ; ° ~ - - - : ~ , _ _ ~ ~._~X~