HomeMy WebLinkAbout0764 . • ,
3
. .
OUTROOR RESORTS
OF AMERICA, INC. ~
~~s
PURCHASE AGREEMENT .
CAMPSITE OFFERING
This agreement made and entered into this ~f~th day of May . 19_?.3~ by and between
OUTDOOR RESORTS OF AMERICA, INC., a corporation organized and existing under the laws of 4he State
of Tennessee. Post ORice Box 1116. Jensen Beach, Florida 33457, hereinafter callect the Ow~ner; and__.~__~ _
Route 2, O.R.A.
Ac~dr~vr -J.. ko~ller~Pauline K. Voeller Jensen Beach, Florida 3345?
- -
hereinafter callecl the Purchaser; which terms Owner and Purcha.ser shall include and bind the heirs, executors.
ley~al representativess, successors and as~igns of the respective parties hereto whenever the context hereof so
rec~uire~ or admits.;
tiVITNESSETH
~ _
.«'HEREAS, the O~ner is in the procpss~:of c~eveloping a recreational vehicle resort on Hutchinson lsland
:~nd ~ettles Isiand in St. Lucie County, Florida, as a condominium to be known as Outdoor Resorts at I~ettles
I::land, and has ~ui,mitte:~ the lands on which said improvements are to be located to the condominiurr? form
~~f ownership and use by recordation of a Declaration of Condominium for said condominium in the public records
of St. I.ucie County, Florida; and
~'HEREAS, the Purchaser is desirous of purchasing one of the lots in said condominium project pursuant
to the terms and conditions hereof ;
;~'OW. 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 foltowing described real estate
:~ituated in St. Lucie County. Florida. to wit:- -
Lot No. Z57~II in that certain Condominium to be known as Outdoor Regorts at Nettles
Island. as shown by a Plat of said Condominium which has been recorded in the Office of the
f Circuit Court in and for St. Lucie Caunty, Florida, in Plat Book 16, page 1:1A through 1J. to-
€
j 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 $ 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 applied toward the
total purchase price of $ 7.000. OQfor the above described lot. The balance of the purchase price shall be
e~~idenced by a negotiable promissory note in the sum of $ ~ which sum ahall 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.
e
(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
uther 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 F7orida 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
~ 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
f ~ PJIGf ! iX.r
_ - - - - _ _
~
~ . . . . _ _ . ~ ~