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OUTDOOR RESORTS
OF AMERICA, INC. . ~~~.sss
PURCHASE AGREEMENT
CAMPSITE OFFERING
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This agreement made and entered into thiA 8th day of 1)eeemher ~ 19 ~ by and'~between
OLTDOOR RESORTS OF AMEftICA, INC.~ a corporation organized and existing under the laws of the State
of Tennessee. Post Oflice Box 1116~.Jensen Beach, F'lorida 33457, hereinafter called the Owner; and__ _
Rt. 12, Box 369, Space b6
.__Charle~~.__F_QUS.~and/or Helen Edrie Foust Olympia, Washington 985~3
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hereinafter calleci the Purchaser; which terms Owner and Pureha.ser shall include and bind the heirs, executors~
le~;al representativess, successors and assigns of the respective parties hereto whenever the context hereof so
reyuireti or admits;
WITNESSETH
«'HEREAS, the Owner is in the process of developing a recreational vehicle resort on Hutchinson Island
:?nd :~'ettles lsland in St. Lucie County~ F7orida. as a condominium to be known as Outdoor Resorts at Nettles
I.land, and has ~ut~mitte:i the lands on which said improvements are to be located to the condominium form
~~f ow•nership and use by recordation of a Declaration of Condominium for said condominium in the public records
c~f St. I.ucie County, Florida; and
R'HEREAS. the Purchaser is desirous of purchasing one of the lots in said condominium project pursuant
to the terms and conditions hereof;
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~'OW. THEREFORE, in consideration of the mutual promises, covenants and undertakings hereinafter
~et iorth, the parties hereto mutualiy agree as foilows:
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(1) The Owner does agree to sell, and Purchaser does agree to buy the ~following described real estate
~ituated in St. Lucie County, Florida, to wit:-
Lot No. 97 9/I I 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 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.
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~ (2) The Owner hereby acknowledges receipt of $ 7, 000. 00 ~ payment in full of the purchase price,
or, in the alternative~ the sum of $ as a down payment-earnest money to be apglied toward the
total purchase price of for the above described lot. The balance of the purehase price shall be
e~•idenced by a negotiable promissory note in the sum of ~ which sum shall be due and payable in
nTconsecutive equal monthly installments of $ each. The Purchaser shall, upon requeat 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
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e~ecution.
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 Purchaser
- t.o a title company designated by the Owner.
(4) The Owner represents that the above described units are part of a condominium arrangeme~?t and
that contemporaneous with the recording of the plat there has been recorded in the public records of St. Lucie
BooK22? PA~~ 749
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