HomeMy WebLinkAbout0508 1 a I
~ ~ - ~~1.4'~1
OuTDOOR RESORTS
OF AMERICA, INC.
PURCHASE AGREEMENT
CAMPStTE OFFERING
This agreement made and entered into this~
~day of V 19 by and between
OiJTDOOR RESORTS OF AMEftICA. INC., a corporation organized and existing er the laws of the State
F
of Tennessee. Post Oflice Box 1116~ Jensen Beach, Florida 3346?. hereinafter c led~~he Owner; and-
~yis, ~cvpEn. hb/tJN ~~ss.
m~.~~_.T: ~A~~w C~F~~ ~ ~~~E
~ a 4
hereinafter called the Purchaser; which terms Owner and Purchaser shall include and bind the heirs. executors.
legal representativess, successors and assigns of the respective parties hereto whenever the context hereof so
reyuire~ or admits;
~ ~VITNESSETH
«'HEREAS, the Owner is in the proces~ Qf_ d~yelP~ing a recreational vehicle resort on Hutchinson Island
:?nd Net"~les Island in St. Lucie Cou , F~orida~ a~ a' condominium to be known as Outdoor Resorts at Nettles
I~land, and has sut~mitte3 the lands on which said -improvemen~g are to be located to the condominium form
~,f ownership and use by recordation of a Declaration of Condominium for said condominium in the public records
of St. Lucie Coi~nty, Florida; and
R'NEREAS. the Purchaser is desirous of purchasing one of the lots in said condominium project pursuant
to the terms and conditions hereof ;
NO~i~, THEREFORE, 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:-
f Lot No. ` in that certain Condominium to be known as Outdoor Resorts at Nettles
i Island. as shown by a Plat of said Condominium which has been recorded in the Oflice 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 $~0 as payment in full of the purchase price,
or, in the alternative, the sum of $ f as a down payment-earnest money to be applied touard the
tutal purehase price of for the above described lot. The balance of the purehase price shall be
evidenced by a negotiable promissory note in the sum of ~ r . which sum shall be due and payable in
consecutive equal monthly installments of 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 not~, 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 Ow-ner shall from time to time designate in writing to the Purchaser.
The Owner shall execute a warranty deed to the hereinabove described real property oonveying 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 ali 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 shal) be made directly by the Purchaser
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
s~~2? ~ 547
- _ - - +~,-•.~;•~r~
_ _ y~~ ~
~y~~~
~