HomeMy WebLinkAbout1619 3. That the Purchaser ahall have the right to go upon
the property and make any survey or inspection des3red by them,
including the right to make any "test-borings" as long as it
is done at the expense of~the purchaser.
4, That time is of the essence of this Option and the
terms hereof shall be binding upon the heirs, successors and
assigns of the parties hereto. -
5. That all parties hereto understand and agree that this
document is not a contract to purchase, but is only an Option
to purchase as defined by Florida Jurisprudence Words and Phrases,
"Option" page 554 xhich recites as follows, to-Mit:
- "An option is a unilateral contract that.
gives the option holder the right to purchase
the property covered by the option under the
terms and conditions of the option agreement
29 Fla Jur, Specific Performance ~ 86;33 Fla
Jur, Vendor and Purchaser ~ 15."
and in the event this oFtion is not taken up the option money
is the sole property of the sellers with the purchasers having
no claim thereon whatsoever.
6. That in the event this option is not exercised by the
purchasers by tendering to Philip G. Nourse, 133-A North Fourth
Street, Fort Pierce, Florida, Attorney for Sellers, during
norman business hours, the said purchase price, the said Philip
G. Nourse shall place of record an Affidavit stating that said
Option has not been exercised at which time all rightS(if any
remains) of' the purchaser shall cease to ea3st.
That upon receipt of the purchase price within the
time allowed, the Sellers will promptly execute and deliver to
i the Buyers a good and sufficient Warranty Deed, containing all
the usual common laM covenants of title, conveqing said propertq
to the buyers in fee simple sub~ect only to the real estate taxes
for ~he year involved and subsequent years. The sellers hereby
release any claim they have in the form o€ eaisting Vendors Liens
on said property.
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