HomeMy WebLinkAbout0401 ~ ~ ~ ~ ~
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~ ~ OUTDOOR RESORTS ~
~1~s
OF AMERICA, INC. ~
PURCHASE AGREEMENT
CAMP~ITE OFFERING
This agreement made and entered into thiA day of Apri 1 , 197..3.~ by and between
OiJTD00B RESOBTS OF AMEftICA~ INC.. a corporation organized and existing under the laws of the State
of Tennessee. Post ORice Box 1116, Jensen Beach, Florida 33457. hereinafter called the Owner; and- _
Beu- Lomond
Al~xander__ilrquha~._ & Margaret Dorothy Urquhart (his wife ) St . John~ New Brunswic
hereinafter callecl the Purchaser; which terms Owner and Purcha.ser shall include and bind the heirs. exe~~~a
le~al representativess, succe.s.sors and assigns of the respective parties hereto whenever the context hereof so
requires or admits;
WITNESSETH -
~t'NEREAS, the Owner is ~~heQpro~es~:of 3leweinping a recreational vehicle resort on Hutchinson Island
and :~ettles Island in St. Lucie County. Florida. as a condominium to be known as Outdoor Resor~4 at Nettles
I.land. and has submitte3 the land~ an whicl~ said
~tnpmvements are to be located to the condominium form
c~f ownership and use by recordation of•a Declaration of Condominium for said cundominium in the public records
of St. I.ucie County. Ftorida; and "LTiv
WHEREAS. the Purchaser is desirous of purchasing one of the lots in said condominium project pursuant
to the terms and conditions hereof ;
NO~y, THEREF08E, in consideration of the mutual promises. covenants and undertakings hereinafter
set forth, the parties hereto mutually agree as follows:
(1) The Owner does agree to sell, and Purchaser does agree to buy the -following described real estate
situated in St. Lucie County, Florida, to wit:-
Lot No. 1~C2/TT in that certain Condominium to be known as Outdoor Resorts at Nettles
' Island, as shown by a Plat of said Condominium which has been recorded in the Oftice of the
~ Circuit Court in and for St. Lucie County Florida, in Plat Book 16
~ . , page 1:1A through 1J, to-
gether with an undivided interest in and to, as well as the right of use of, the common use ele-
ments of said Condominium.
~ (2) The Owner hereby acknowledges receipt of $ 6,~..
O~LU • 0~ as payment in full of the purchase price.
or, in the alternative, the sum of Q- as a down paymentt-earnest money to be applied toward the
total purchase price of $ -0- for the above described lot. The balance of the purchase price shall be
evidenced by a negotiable promissory note in the sum of . which sum shall be due and payable in
_~_consecutive equal monthly installments of $ -0- each. The Purchaser shall. upon request of the
Owner, execute a mortgage or other security instrument to secure payment of said promissory note.
(3) In the event that the Purchaser has executed a negotiable promissory note, as aforesaid~ all payments
made by the Purchaser on the aforesaid note shall be made to the Owner at the address shown above~ or at such
other place and to such other persons as the Owner shall from time to time designate in writing to the Purchaser.
The Owner shall execute a warranty deed to the hereinabove described real property conveying to the Purchaser
a good, marketable and insurable title, free and clear of all liens and claims whatsoever as of the date of its
execution.
The Purchaser shall pay all costs incidental to securing the purchase money financing set forth above,
including fees for the issuance of a Title Certificate; fees for preparation of a mortgage; recording charges;
Florida Transfer Tax and Florida Intangible Tax. and any and all other closing costs and any subsequent fees •
imposed for release of mortgage. Payment for such closing costs and fees shall be made directly by the Pur~haser
to a title company designated by the Owner.
(4) The Owner represents that the above described units are part of a condominium arrangement and
that contemporaneous with the recording of the plat there has been recorded in the public records of St. Lucie
600K 2~ / PAGE 4UQ
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