HomeMy WebLinkAbout1193 2i'78~32 ~
STANDARD SALES CONTRACT FORM - CORAL GABLES BOARD OF R~ALTORS
THIS AGREEMENT, made and eatered tato tbts 7th day of 2~.'arch . 19~'1~
by ond betweea Li11ia~? Falk, a Free Desler Selkr,
Tn»i s Detrio g~,~r xaQi ena ,~~~cr
under which the Sellec agcees to sell aad the Purchaser ag~eea to puchase. subject to the tecros anri coadltioas
hereinaker set fo~th. the followiag described pcopeety in St . LuCie County~ Flodd~, to-wit:
i•i 7.28 chains of sWl/4 and w 15 acres of S 25 acres of SWl/2 of S'1+11/4 - less S!~0 ft.
for road - all in Sectio n 28, ~cnshp 355, Ran~e l~OE, St. Lucie County, Florida,
excepting right of r~ys for canals am1 roads, if ar~y~ (C~NPAINIlIG 28 aacres plus or minus)
and public utilities.
Seller is to t1u-nish a survey of the properEy arid the purchase grice to be paid by b~yer ~
of ~,000.00 par acre is to be based on the survey; hoxever, should the b~rer furnish '
a more current survey and the computed acreage is less, that figure Ni.ll be used. '
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r.~dsting canal and road ri~ts of way or easenents for same, and at~y other rights of way '
or ease~?ents unl~own to b~rer located on sub3ect property, if at~y, shall be deducted froLn
the gross acreage, as detezr~ined by the above current survey, to arrive at the ngt acreage ~
u~pon which the nurchase _ price fri]1 be based. '
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Eor the lotal pnrch~e price of kpproadsnately =
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OI~ HUrIDRED T.IELVE T~USAND and No%00 DOLLARS ~-~-t~-~-~-~ (S 112.000.00 APPm*
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peyable as foUows: The sum of S 1~000.00 by check hereby deposited in esccow v~ith SAAIDI FAY, :
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Realtor, Eserow Aeeount ~~~~w agent, in part payment of the purchase price aad as a stcucity ~
deposit for the faithfel pedormance of this coMract by Pnrchaser, and the remainder of t6e p~uchase pcice shall be
pnid as follows: Balance of i0n deposit of total purchase price ~0,200.00) to be placed ~
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in escrorr ti~.th Sandi F~y, Realtor 3lmaediately upon acce ~ ptance of this offer by the
seller, and the above deposits are a part of total cash due at closing. ~
Seller is to take back a purchase r~oney lst rtgage for 80;`~ of total purchase grice >
pa~ble in 10 equal annual installmentiaplus~ interest on unpaid principal balance.
This ~ortgage and note to contain a clause stating the pa~ee or holder hereof shall look
sole],~ to his t':ortgage security in pa~yrnent of this obLigation and no money 3ud~aent s 11
ever be obtained against the Maker oY this Note, and stating all or any part ~a7 be/~d ~ :
without penalty. Bal,ance of purchase price to be paid in cash at closing. 3
~t closing seller sha11 release to buper from the herein naentioned mortgage_~10;6 of the
propert~ for im^~ediate development. Subsequent releases r~y be obtained by the b~er '
i upon pa~rent of that percenta.ge part of the bal.a~nce of the lst mortgage and note ir_
~ relationship to the progerty to be released.
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~ SeLter i~ se~l'n$ to bv~er, all oi.l, gas and r,~neral rights, and in the event Seller has
sold or lezsed said ri~its to third parties, 3~yer has option to rescind this agree~ent.
Shoul.d the b~er seek a rezoning of the property the seller sha11 cooperate insofar as
a r..ortga~ee is concerned tm~rarcis the rezonin~ application, a11 expenses for which shall
be born by the purcha~r. , '
~Q~.a ~A ~,..~~t-r~ ~ °~~-`~.e-c ;o~ er~
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~ Sa1d praperty Is wld ~od is to be cas~ve~ed wb;ect to utilit~ e~semeds. ~abdi~Uiao restrictioas ot record, dl taw[ul :
soning l~~rs, ordioance~ or teQd~tiaas a[Iectio~ said pcopert7. ~r6ich parch~ser ~ssumes; ~nd to the above mort~qes. llens or s
encumbcaaces, ~vhich P~ach~ser assumes ~nd ~rees to p~y. .
Tues. lnsnrance, reats, loterest and other Pro-ntions shtll be peo-raRed a~ of tba ata of clo~ins. ~ad sh~11 be coo- i
puted on ~ dail~ basis. Ta~s, unless ~sce~tainable tor curreat fear, sh~ll be pror~Red oa buL ot tues tar pee~edis~ year
~od s1u11 be recomputcd ~nd re~djnsted w6en cuered t~a re ucutaln~Dle.
R~ Comrepaace shatl be br w~rnat~ deed aa1 it persoml propnt7 is L~cl+~d in sale s~me slull be cowe~ed e7 peop~r
~ Bill of Sal~ Seller shall m~lce aod deliver to Purch~ser a mechaaic's llen ~itida~it u to rt~ltr and ~a dfld~rlt as to ~s~
liaos or eacnmbiaacas ~pon Deisooalt~. AnY p~aciwe mons~ aote or mat~~s sbdl be 1n soc6 toe~ ~ Sell~s m~r r'e9 w~~c and
~ Seller a~ees to asswns rLk ot an~ aed aU dam~e to said propat7 pdor to closios ot tbis trwadioo, otdina~ ~
~ te~r escepted.
~ All certified ~ovemmentil It~ns ar ~ssesaments sball be p~id b~ SeAa. and all s~ch peudio~ liens cr ust~sments, !f
~ anr. sh~ll be ~ssamed br PurcLa~er; hoaever, fa t1~e e+eat woeic Ls compieted ~s ot tbis datt, S~ll~r shatl p~~ llen.
On or befoee 20 - 30 d~ys ~ date hereof Sellec ~t 61s e~s~ s6~L [urnlsh to PurclMS~t • eam-
~ plete abstract of title coverio~ wW laods, certltled to • date aot e~rllu tLaa t6e d~t~ heeeof, s6owln~ ~ood aad s~rket~ble
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title of iecad theceto to be ~~st~d ln S~ller, G~e and clev ot •U lit°s aod e°a'u~br~°c~s ~cept those Mnin e~eeMir set
~ tor't6. Io ihe e~ent s~ld ~bstrsct is not t~rnis6ed ~rithin sald time WdtKioa, tbe Purch~sar ~6a11 ordK ~n ~bstr~ct ~t t6t SeU-
er's e:pease. Twts tr~nsactton ~ha11 be ctosee ~ne possesston ot s~w prope~ st~eu to Parch~ser witbm 45-~ d~'~ ~er de~V-
~ days aRer d~t ~t which tLne dl monies due to b~ p~id h~rNmder ~nd dl iaswaMnts dne to be m~de. siecuted 6~ ~
a~ delivered ~ha11 be paid, osde. e:ecuted ~nd dell~ered b~ tbe respectl~ parti~s, ~~ch to tM ~other. u bueln above prorid- cL~gtl`8Ct'
~ ed, tn tl~e event o[ t6e t~ilure or retusal ot Pucchaser to m~ic~ t~ p~7m~nts ar to otberwis~ ~bide br ~nd compl~ wit6 Ehe ebli-
~ ~~tions herein imposed upon t1~t Pure6~ser, wtthout t~ult on SeUet's ptrt, W monits paid beremder map b~ r~t~lned bf Se11et
u 1Lquidsted dama~es ~nd t6is contr~ct shall be termin~t~d, ar S~iler mar ~t 61s optioo. eutace t6is contr~ct b~ la~d proceed-
in~s. in ahich event Purchaser ~pees to p~y all costs,, locl~iq~ raia?~ble•attaeo~r~' tees. Ia tbe eveat ot [allure or rr[wal
d Selter to coa~plett aad elose this traaaMim ,in aecadrl~~ ~?ItL tbe tarms bersot, ~vithonR (anlt aa Purcbaser'~ prt, Por-
cb~ser e~sp entorce this contract by l~al ~etioal; in dh1Cr s't~ot Selier ~te~s to p~y ~Il costs, lacludia~ re~son~ble ~ttacoers'
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