HomeMy WebLinkAbout1659 . ~
~
~
SCHEDULE B
The Grantee is required to commence construction of improvements on
the property described in this deed not later than twelve (12) ~
months from the date hereof. Construction of such improvements shall
be in accordance with recorded deed restrictions and applicable zoning
regulations and shall be pursued diligently to completion. In the
event the Grantee fails to commence and pursue such construction to ~
completion, the Grantor, at its sole option and discretion, may
elect to rsp~srchase ~he subject property for $8,064.00. In the
?
event of such election to repurchase, the Grantee, or its successors
or assigns, shall reconvey the subject property to the Grantor by
general warranty deed, free and clear of any liens, encumbrances or
any other defects in title arising out of the Grantee's or any
successors in title, ownership of the subject property. Any expense
. ....,a ~~;,,,;,,~+-o Aic~haraP. cancel or release encumbrances or
iii~.a.iii~u ~ _
clouds on title created subsequent to the conveyance from the Grancor ~
i
to the Grantee shall be borne by the Grantee. If the Grantee fails i
,
- `s
or refuses to reconvey title in accordance with the foregoing, the '
~ Grantor ma elect to bring an action for specific performance an3,
I y
in such event, the Grantee shall be responsible for all costs thereof
including reasonable attorneys fees.
~
, ~r. ~ _Gi~R0E0 i
~ sj~~u,; ' ;:_:~?~t ~ Fl~•
~
~ Y t.:: - y
u~ , COURt ,
C~f'"• - --i;~~''
a: • • _
.Mar lo L o6 eH'1a
~~?~a3
F'.~~
n~ I PACE165 /
_ _ r~;,: - _ _
- -~t ~
~u.~~~
_