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OUTDOOR RES~RTS
OF AIVIERICA, INC. ~~o~ ~
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PURCHASE AGREEMENT '
CAMPSITE OFFERING•
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Thia agreement made and entered into thia 2 u t h day of Ju ly , 19? 3 by and between
OUTDOOR RES08T3 OF AMERICA~ INC.. a corporation organized and existing under the laws of the State
of Tenneasee. Poat Oflfce Box 1116, densen Beach, Florida 3345?, hereinafter called the Owner; and _
5109 Park Road
Ra~ C,.._._my?
-~Sc.._~hel F. Tvler (his wife) Hollywood, Florida 33021
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hereinafter called the Purchaser; which terms Owner and Purchaser shall include and bind the heirs~ executors~
le~al representativess~ successors and assigns of the respective parties hereto whenever the context hereof so
requirea or admita;
WITN~~': •
WHEREAS, the Owner,' ~th~~pracg~s o~ developing a recreational vehicle resort on Hutchinson Island
and Nettlea Ieland in St. Lucie~dunty. ~~orid~. ~as a condominium to be known as Outdoor Resorts at Nettles
Jsland~ and haa aubmitteei the landa on which ~said• improvements are to be located to the condominium form
of ownerahip and use by recordatton oi a Declaration of Condominium for said condominium in the public records
of St. I.ucie County. Florida; and -
WHEREAS, the Purchaaer is desirous of purchasing one of the lots in said condominium project pursuant
to the terma and canditions hereof ; -
NOW~ TH~REFORE~ in consideration of the mutual promises. covenants and undertakings hereinafter
aet forth, the partiea hereto mutually agree as follows:
(1) Tbe Owner dqea ~ree to aell~ and Purchaser does agree to buy the •following deacribed real estate
sltuat~d 1n St. I,ucie County, Florida, to wit:-
I~ot No._ 777~II In t1?~t certain Condominium to be known as Outdoor Resorta at Nettlea
Island~ a~ ~hawet by u Pl~t oi said Condominium which has been recorded in the OtHce of the
Clxcuit Court in and for 3~. I.ucie County. Florida. in Plat Book 16. page l:lA thmugh 1J, to-
~ ~eth~~ wlth ~n undivided inter~at !n and to. aa well aa the right oP use of~ the common uae ele-
~ ment.~ o~ ~id Condpminium. `
(2) The qwn~~ h@reby a~kaowledgea receipt of # 8, 000. 00 ~ payment in full oi the purchase price,
or, in tha alt~rn~tiva~ the Rum oi ; -Q- ae a down payment-earneat money to be applied toward the
total purchaae Drice of ~ ,~A~ for Lhe above described ioi. The baiance of the purchase price shali be
evidenced by a ne~otiable promisaory note in the sum of $ . which aum 8ha11 be due and payable in
_ conaecuttve equel monthly instaliments of $ - each. The Purchaser shall. upon request of the
Owner. execute a mort~age or other security instrume nt to secure payment of said promissory note. '
(3) In the event that the Purchaser has execute~ 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 pereons as the Owner ahall from time to time designate in writing to the Purchaser.
The Owner ahall execute a warranty deed to the hereinabove described real property oonveying to the Purchaser
a good~ marketable and inaurable title~ free and clear of all liens and claims whatsoever as of the date of its
execution.
The Purchaser ahall pay all costs incidental to securing the purchase money finar?cing set forth above,
including fees ior the isauance 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 !or retease of mortgage. Payment for such closing costs and fees shall be made directly by the Purchaser
io a title company designated by the Owner.
(4) The Owner sepresenta that the above described unita are part of a condominium arrangement and
that conternporaneoua with the recording of the plat there has beEn recorded in the public records of St. Lucie
600K PAGf 1332
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