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Home My WebLink About2220 RECEyVEn ' S IN PA1fMENT OF Tl1KE~ . ot a~ a~t rr Mtawaroc~ ra~sohu nior~rr~ w~rwt to a~w~ n•~~? ~as o~ ian~,~ CONDITIONS OF PURCHA ~0°~ ~c ~c~rt ootp~, s~ wc~ aa, pu~ PLEASE READ CAREFULLY ~ ~.,1` ~ 4 1. BASIC AGREEI~fE1VT lt you have equiti m n ooe ,lot. auy transfer We (Gene~al Developmcnt Co~puration) ag~ee to sell to you them only ip a nk ~pa~~ a bort~. ( the purchaser or purchasen ~amed on the tacepa ~e) the ~esidential 7, yOUR RIG~I~ IF WE FAIL TO PERFORM properry dcscrilxd io this putch~se agretm~nt. This agrcement also ~f wt tail to mtet any of our obliptions undcr this agreement. s~ates thc price snd describa the other terms of this purchase. You agree to buy this p~openy trom us and to mate Standard !?lonihly Y~ may elect titAer of the followina sxclusive remedies, at your Paymrnts in ~he amount shown o~ the tace of this agreement on or °P11O^~ before the tznth day of zach munth. The unpaiJ balance at any time lal Yuu may exchan~e this property for othe~ p:operly of will brar interest at the rate of 654 5'ic per year. similar value in this or any o~her ot our communit~es and in a PAVING Q~{1R STR£ET similarly Jcsirabk location, or lb) Wt wili rcfund atl payments made by you under this agree- 7his Qrop~Pl is p~exnUy unimpru~eci. We ~agrce to completc+ ment. the paviqg b[ itreea adjaceM to your prope~ty, ~n accordance~with ' y~ elect eilher of these rcmedies, both you and we wili be the plat fiteJ in the public recorJs oi lhe ecwnly in which your rcteaseci from any turther o!+ligations under this agreement, and property is iwated> befurc the end of thc year in w~hich your StanJard there are no other privikges ~f canceilation or re[und except as Payment Completiun Date occun. . "stated above. 3. YOUR WARRANTY DEED 8. NO PERSONAL LI^BlL1TY ON DEFAULT (a) ~Ye will delive~ to you at uur expense a properly ezecuted Ycw have no personal liability to make any payment under this ~Varranty Deed it yau have fully paid for this property h~ making agreemcnt. However, i~ you fail to make any payment. you wilt be alt of >our Standard ~lonthly Payments wi~huut prepaymcnt. ~n ckfault anJ we may terminate Ihis agreement. (b) The N'arra~nty Dted will convey goai marketable and insur- Before any such termination becomes etiective, you will have a able title to you, iree and clear of all encumb~ances except for the gracc perioo within which to bring your account to a current slatus. following: ~1) the lien for taxes tor the ~•ear in w~hich we convey the, This grace periaf shall be for the perial o[ 60 days if 1096 or less property; (a) oil. gas and mineral reurvatiuns of record, if any: of the principal amount of the purchase price has t+een paid. 90 (3) z~ning artd regulatory ordinances, res~rictions and easements ~a~•s if more lhan 105h arxl leu than 2S9(c ot the principal amouni commonly famd in Florida communities of high standards;~ (4) of ~he purchase Pric~ has been paid, 120 days iPmore than 2596 but restrictions and limitations aflecting the use of the proptrty which kss than 5096 of the principaf amount of the purthase pricr has betn an common to the subdivision and which now or hereafter may paid, and ISO days it SU:",c or morc of the prinripal amount of the txcome of public record; and { S) easements for drainage, canal purchase price has been paid. maintenance and public utilities. 1f you bring your accoant to a eurrent status by paying aU past Ic1 After this Warranty Deed-is recordeJ, we wil) at our due principal and interest within the applicabk g[tct.period. you eapense have iswetii to you a standard uwner's title policy from a w•f11 no longer be considered in default. !f you do not bring your memt+er firm of the American Land Title Association. account to a currcnt statns within the applicable grace period. we ld) Use and possession of this prupert~• will be retained until may terminau lhis agreement witt~out further notice. ~•ou havt paid us the purchase price in full anJ until we have deliv- !f we terminatc this agreement, v?~ will retain all monia you ered the Warranty Deed. have paiJ under this agreemen~ including principal and interest, as 4. YOUR RIGHT TO PRF.PAY tiquidated damages becauu we have taken lhis property off the real You ha~e the ri ht to estate market, we have turned away other prospective purchasers and g prepa~• the outstanding balance under w•e have incurrcd or will be incurring development and other ex- this agreement in whole or in part at an~• time without penaity. For ~nses in connection with this property_ Upon termination, any and ~urp~ses ot t:~is paragraph additional Duw•n Payment, if anv Ias aU rights ~~ou may have had in this properry shall immediately ter- show~n ie paragraph 4 on the face of this agreement), shall be consid- minate and we may return this properly to our inventory and restll ered a partial prepayment. Prepayment dces not, however, accelerate it frce and clear of any claims, liens or encumbrances arising out of uur ubligation la) to deliver Ihe Wananty Dec~ arxl tidt insurance this agreement. polic~• to >ou t+efure the Startdard Payment Completion Date or Ib) to complete the paving of the streets adjacent to your property before 9. TERMINATION the end of the year irt which SlanJard Payment Completion Date If ttiis agreement is terminated, our recorded affidavit altesting occun_ Huwever, it ycw do prepa~•, we W~iU thereuEwn issue you a to ~our default and the termination. shall be conclusive proof of certificate of pa~•ment in fulL ~uch default and termination for all purposes, and yoa irrevocably S. WE PAY TAXES authorize us ro thus attest and record such affidavit as though it werc ~~'e will ay all real ro rt • taxeti on this )~our own act and deed. p p pe ) propertp while this agrtcmtnt is in force or until ~ou record ihis agreement or until w•c t0. EFFECTtVE DATE dele~er you a 1Varrant~• Deed conve~•ing title to the pr~}+e~t~• to you. This agreement is efTective and binciing an us when you have whichever first occurs. signed it and w-hen we have signed it at our Home OfTice. We may 6. YOC'R TRANSFER PRIVII_EGE accept or rejeet this agreement without explanation, and if we If your payments are current, w•t guararttet you the privilegt to reject it, we wi11 rcturn the deposit to you and both parties shaU be transfer uur e uit (the rlion of our released from any obligation hercunder. ) y y po y pa~ ments on this propertp applied tow~ards principal) at any time hefore you have paid your 11. ASSIGI`A1ENT OF THIS AGREEAfENT outs~anding balance in fuil. This transfer may be toward either: 1'ou may assign this agreement with our written consent upon la) The purchase of available property of equal or higher pa~~ment of a transfer fce. price in this or any~ other of our Florida communities, if you transfer wilhin three ~~ears of the date of this agreement: or 12. NOTICES {b) 7he purchasc of a standard home built by us in an avait- Noticcs under this agreement must be in writing and addressed able houseng area. to the last known address of the respective party. ACKNOWLEDGMENT Accepted at Miami, Florida by Tbe undersigned Purchaser(s) certifies that: GENERAL DEVELOP ENT CORPORATION la) 1 am of legal age. Ib? 1 have read this Agreement and no additiona) representations ~ have been made to indace me to purchase the property described. By~ Aucbo~ised E+n s;s„acu (c) 1 have received anci have had an opportunity to examine the Supplement to this agreement containing a statement and f+nan- cial intormation roquired by Federal law regarding my right to cancel ~ 7OO~o this transaction w~thin thrte (3) business days. Wifness: ~ fd? I UNDERSTAND 1 HAVE THE OPTION TO REVOKE ~~'^'~z THIS CONTRA(T (F 1 HAVE NOT RECEIVED A PROPERTY W~~~~: ~"c~9o~ ~ KEPOKT PREPARED PURSUAIVT TO THE 1NTERSTATE ~ o~~sA , LAND SALES FULL DISCLOSURE REGULA710NS, IN AD- vA1VCF OF, OR AT THE T1AfE OF SIGNING THIS CONTRACT: STATE OF FLORIDA ~ r'~~ t UtvUEltSTAND ! HAVE THE FURTHER RIGHT TO REVOKE - SS• ~ T HIS CONTRAC"f WITHIN 48 HOURS AHTER 1 NAVE SIGNED COUNTY OF DADE ~ 2s1,,8OS + ~ t"~ iF 1 UID NO'f RECEIVE SAIU PROPER7'Y REPORT AT ~ ~ LFAST 4x HOURS BfFQRF 51GNING THE CONTRACT. 1 ~ HEREBY CERTIFY tha_~,,~t1 this~day. before m~a otary HEREBY ACKNOWLFDCiE AND AFFtR~t BY ~fY SIGNA- puhlic authorized to take acki~o cnts, perwnally appearcd 1 URF HEItfiON THA f 1 ItECE1Vth SUCH PROPERTY RE- the rson indicatcYi as PORT I~vNI('N IS AI.SO THF RFPORT RFQl11RF.n UNDEK ~ Abyee abovc, whom 1 know FLOKIDA 1 A~V). T~IX;FTHFR WITN AN1' PROPERTY RF- ~O ~~he Agent of Gel~eral D~~~t dt~: ratipn in the forc- , PON"l.OR (iTHFR APPIZOPIZIATF DOCU~tEN"T RE(2UlRFD ~~~ing Purchase Ag~4eqtptiE;~C1/ , be~f mc that he executeJ .uch u~iuT.aCC ot natqe~ l"bt General , 8Y THE I.AW nF _ IN ADVANCE OF De~~elopmeM C iWr,/~i[~s s o~izod StGPiING THISCON"fKAC7 AND 1 FI;~\'E READ AiVD UNDFR- by Genera) Ds~e~nie,~t~~ " ~ h Pur- STnND SUCH REPORl-IS). chase Agreement` is'~e;:c -a4f~` o~ ~st' ra Cor- fe1 I:~grce to purchase the described property in accorJance po~ation. = ~r - = with the terms of this agreement, the Supplement ared ~ny duly ~fi~ ~ exec ed Rider thereto. - ' s ' Y,~ t . - e • , , /J~r WITNESS my har~ a~~ in. ~aia~iy tt bove, j ~Qxt/~n,ci? ~ lil. .({J/~~.re f, SEAL '-v~~~ ; Pu~Yha ef'~ xi~nature : ? this Jate ° • . _SEAL . . - - = w : PurcAa~?1~~ <iRnal rr ` ~ f • `y r : j. ' I h:~.e receivecl • iti:~l P:+yme~t • ilnesxJ the v x~~u.~ I~btiat9tres,~[;~x;qSy~,~irx~- ,ignaturet • , A - ~~I ' ~ ~'Tlfs ~As1~~mcnt was prepared ~by: ~*J~~ •ite o! F(prj~ 1 n David A. Doheny. General~~o~i'~si0n Eapires Mart~ 23. x • ! ~:~~ri. ral 1 .,~.me t('or?..ratwm s. . General Devefupment CorpQra~ ~1' Aw~q i ~/a # n~ `~Y° I I 11 5outh Bayshore Drive ~""'ti ~ ('ASH C F K 1 ~tiami. Florida 3i1i1 ~'0~~217 ~A~E221.1 - - - - . ~ ~ ~ = ~ .