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HomeMy WebLinkAbout1370 ~.'~~unt~•. Fl~~ri<la, a nrrlarati~~n ~f ('ondominium and that the alx~~•e described ~arranty deed shall i:; ~ddition th~~ u~~it ~fr:crit?rd :ilK~~-~• .~1,~~ ran~~~~~• :in undi~~id~~l interest in ~nd to. as well as the right of u~e uf. the com- rz~~~n u<r ~~Irnu•iN~ .:ii~l cond~miinium :i• s~~t forth in the ~.ime, includinfi the ~treets, electricF~l distribution, ~.~:~;~•r :uul ~r~~:?~r ~ii~h•il?utic~n •~•:trm., .in~i rc~rre:?ti~nal facili(ieQ. In addition, the Purchaser sh~l! become a in~•ml~~•r ~~s thr. c~~n~l~~minium :i~~~~~•i;?ti~~n :uid ~~nju~• .ill ot the ri~;hts, privileges and obli~ations of such membership. 'I'hr Pu~•rha~~~r .~~,•rces that from .u~d .ifter the dFite that the lot conveyed herein as ready for occu- 2~:u~r~•, !ir ill i~i ~•~~mmun H•ith :~ll other o~~•ners of ui~its in said condominium (on a pro i•1ta o~vnership Uasis) ~ ~h~~ maintrn.u«•r .ui~l ~?~?er.itional charges le~•ied by the condominium. inciuding charges for ~rater, electricity, l. ~~•~.ci:~,:r ~li:~~~~,~i, tra~h an~t ~,r.u•I,a~;e pickup. building. ground and road maintenance and land rentals, all a.g ~'~•~.~~•i?~r~l i~i thr I~rcl;u•.iti~?n ~?f Conduminium. Purch~sser Also agrees from and after date of purchase to pay all : ~a~c~~ a?ul .~.~c~~ment. ]r~•ied u~;ain.t said lot. `t (G) The i~~t ~chirh i:: the ~ul,ject m.itter of this cantruct is restricted to .use as a parking place for ,-i r~~•rE:~ii~~nal ~-ehi~•le unit., .u~d .~s inelicated :~foresaid. entitles the Purchftser to memUership in a condominium • ,~>~~~t•i.?ti~n, therel?~• p:u•ticij)iltlll}[ in the owner~hip of certain cammon use properties~ including, but not limited ~ t~~, ,~~-inin~in~,? ~kx?l~, I,ath hou.e,, tennis courts. shuflleboard courts and other recreational facilities. all a.g ciescril,ed in the i)c~•l.u:?tion uf ('onduminium. The Owner shall also own a proportionate undivided interest in = ' cei•tain commo~i element~, includin~,* 1«•ater distribution system. sewerage collection system, electrical distri- E lnition c}•,tem ~ind streetti and path~~ays ~~•ithin the condominium property. The actual cost of operation of the ~ ~ r~,n~lominium associ~tion. such ~s ~;arba~;e collection, payment of utilities and insurance and general maintenance ~ :trt~ includeci in the expen.es for ~~•hich ri~*ht. of assessment is granted to the condominium association against ~~.~~~h l~,t o~sner. The imnro~•ements to i~e~P~{tt~ t i Owne~r in a progressive schedule and will Ue completely ; n ~t:?lled on or befure J C ! ~ ~ ~ • The O~~ner 1,~• its erecution of this agreement~ acknowledges that it has furnished the Purchaser a copy i ~ ,~f th~~ I)eclaration of Condominium, and the Purchaser, by his execution of the same, acknowledges that he has ~~~.~minecl and has read the same and is familiar with the contents thereof, including all limitations as to use „i hi~ lot, togethei• with the rights and liaUilities incurred as a result of his membership in the Association. The Purchaser conclusively ackno~~ledges that he is not using and does not expect to use the lot as his ~;~~it~cipal residence as referred ta in the Consumer Credit Protection Act and in the regulations thereunder. (7) The Purchaser by the executior. of this agreement acknowledges receipt of the delivery and the ~F~port~mity to examine the Florida Public Offering Statement. ~ (8) The Purchaser ~varrants and represents that he has read and understands the provisions of this = :~~,~reement and that he has familiarized himself with the basic restrictions, covenants and conditions aH'ecting the tinit above de~cribed and a11 other units in said condominium and further warrants and represents that he will ~ ccmply with the same as set forth in the Declaration of Condominium at all times hereafter. The Purchaser f a rther w arrants that the lot is not intended to be used for his principal residence. (9) The Pure}~aser has the option to void the contract or agreement if he does not receive this property L report prepared pursuant to the rules and regulations of the OflSce of Interstate Land Sales Registration, U. S. ! ~ I)epartment of Housing and Urban Development. in advance of, or at the time of. his signing the contract or ~ :~~reement. The Purchaser has the right to revoke the contract or agreement within 48 hours after signing the contract or agreement if he did not recei~e the property report at least 48 hours before signing the contract or ' a~,~reement. This revocation authorits• shall not apply in the case of a buyer who (1) has received the property re- ~x~rt and inspected the lot to be purchased or leased in advance of signing the contract or agreement, and (2) ~ ac';nowledges by his signature that he has made such inspection and has read and understood such report. ~ IN «ITNFSS ~VHEREOF, the parties have hereunto caused this agreement to be esecuted the day and ~ y-ear first above written. _ E ti~ti'ITIvESSES: OUT OR RESORTS F AMERICA, INC. ~ ~t,L~ R. ~ , ~ - 4 E ~ ~ ~ T~Yl'~ . • f1LE0 AM±~ RECuRDEO Purchasers ' Rp~~sv~~~iTR/?~ . c~EaK c:::;,~~i couRt ~ RFr,'?a': Vii' ~ED STATE OF ~~r~3 ~ COUNTY OF_ ~j ~ ~ O1 AM Before me, the undersigned authority, personally appeared . to me well known to be the person described in and who executed the foregoing instrument as ~f OiJTDOOR RESORTS OF AMERIGA, INC., a Tennessee corporation, and he acknowledged before me that he executed such instrument as such officer of said corporation and that the seal affixed thereto is the corporate :~eal of said corporation and that it ~vas afixed to said instrument by due and regular corporate authority and , ~ that said instrument is the free act and deed of said corporation. ; Witness my hand an~ ofl5cial seal at County, , this day ~ of ~ 19 . ~ ~ ~ / Notary Public ~ 'viy commission expires - " ~ e ~ ~ ~ STATE OF ` ~ COUNTY OF ~ ~ ~ Before me, the undersigned autho personally appeared `~~~~,ti~~t~ii~~l~~ to me well known, and known to tA` 'the.' ' described in an the foregoing instru- ment as purchaser(s), he/they ; gc~ b~ /they exec th e eely and untarily ~ `or the purpoaes therein. - r~ ^ . Witneas my hand and offi~~Seat:~~`~ o ~ ; ~ :1'tl,g L t t, : ; a . % c~• • : , - o''••..,,....••' o ic ~'''~,~,~'(Qq1'J*'ai'~~ ~ ~ . . . '~~i~tttw?w+`•~~ E n i ~2 PAGf ~JU 1 ~ - - ~ ~ . _ . ~ _