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4l~TDOOR RESORTS - ~ ~
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~1~3 OF AMERICA, INC. , ~ ' ~ ~ ~
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PURCHASE AGREEMENT 30, y~~_ ~
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CAMPSITE QFFERING ~
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This agr~ement made snd entered into this~.~~day of, ~`~~'~P~' , 19?~, by and between
OL"TD008 RESORTS OF AMEBICA. INC.. a corporation organized and existing under the laws of the Stste
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of Tennes.gee. Post Ot1'ice Box 1116, densen Beach~ Florida 33457. hereinafter called the O~vner; and_-
~.~~rr±~ ~ r-r ~ f~ ~iT.~Q~ .l,~.v.J J~~~
iL S'~I ve.v ~al, JPc~ ~~i 1~~ L/~~~
hereinafter called the Purchaser; which terms Owner and Pumhaser shall include and bind the heirs. executors.
le~,-al representativess. successors and assigns of the respective parties hereto whenever the context hereof so
requires or admits ;
~YITNES.SETH ~ ? ~ .
K'HEREAS. the Ov?ner is in the process of developing a recreational vehicle resort on Hutchinson Island
and ~ettles Island in St. Lucie County. Florida, as a condominiam to Ue known as Outdoor Resorts"at Nettles
I~land. and has submitte-3 the lands on which said improvements are to be located to the condomirrium form
~~f ovrnership and use by recordation of a Declaration of Condominium for said condominium in the public records
of St. Lucie County, Florida; and
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K'HEREAS. the Purchaser is desirous of purchasing one of the lots in said condominium project pursuant
:o the terms and conditions hereof;
:~OW. THEREFOBE. in consideration of the mutual promises, covenants and undertakings hereinafter
~et 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
:ituated in St. Lucie County, Florida, to wit:- .
~ Lot Yo 'n that certain Condominium to be known as Outdoor Resorts at Nettles
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i Island, as shown by a Plat of said Condominium ahich has been recorded in the Office of the
~ Circuit Court in and for St. Lucie _ County. Florida, in Plat Book 26~ 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 Ovrner hereby acknowledges receipt of as payment in full of the purchase price,
or, in the alternative, the sum of $~00 ~!L as a down payment-earnest money to be applied toward the '
total purchase price of ; ~a ~~.X. for the above described lot. The balance of the purehase price shall be
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e~ idenced by a negotiable promissory note in the sum of $ C 340 X, which sum shall be due and payable in
g s o ~.8~'.
_.~emuseentw~~~~y- installments of $~a~ The Purchaser shall. upon request of the
O~ner. execute a raortgage 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 afnresaid. all payments
made by the Purchaser on the aforesaid note shall be made to the Owner at the address shown above, or at such
~ ather 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 pmperty conveying to the Purchaser
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a good, marketable and insurable title, free and clear of all liens and claims whatsoever as of the date of its
exeCUtlOA.
The Purchaser shall pay aU costs incidental to securing the purchase money financing set forth above,
including fees for the issuance of a'IStle Certificate; fees for preparation of a mortgage; recording charges;
- Florida 15ransfer Tax and Florida Intangible Tax. and any and all other closing costs and any subsequent fees _
impoaed for release of mortgage. Payment for such closing costs and fees shall be made directly by the Purchaser
to a tide company designated by the Owner.
(4) The Owner represents that the above described units are part of a condominium arrangement and
that contanporaneous ~vith the recording of the plat there has been recorded in the public records of St. Lucie
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