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; Ou~`b04R RESORTS
OF AMERICA, INC. ~ ~
~os~
PURCHASE AGREEMENT
CAMPSITE OFFERI NG
This agreement made and entered into thia 13th dqy of February , 19
74 , by and between
OUTDOO~t RES08TS OF A~ER,ICA. INC., a corporation organized and existing under the lawa of the gtate
of Tennessee. Post OPtice Box 1116~ Jenaen Beach, Florida 33467; hereinafter called the Owner; ancl__
705 B. 157th Street " ~ - '
Perry H. Bvers ~ Muriel M. Evere (hie w~fe) So. Holla~, Illimig 601a73 ~
hereinafter called the Purchaser; which terms Owner and Purchaser shall include and bind the heirs~ e~cecutors.
le~al representativess, successors and assigns of the reapective parties hereto whenever the cont~xt hereof so
requires or admits:
WITNES3ETH
-
. , ~ , .
WHEREAS, the Owner ia in the proceaa oi developing.a recreational vehicle resort on Hutchinson Island
and Nettles Island in St. Lucie County~ Florid~ as a oondominium to be known as Outdoor Resorts at Nettles
JKiand, and haa aubm~tted the lattda on whlch eaid ~tnprovementa are to be located to the condominium form
~>f ownership and use by recordetion of a Declarntion oi Condominium for said condominium in the public records
of St. I.u~ie Gaunty~ Florlda; And
WHEREAS~ the Purchaaer is deslrous of purchaeinQ one of the lota in said condominium project purauant
to tho terma and c~nditions hereol;
NOW. THEREFORE, in coneideration of the mutual promiaea~ covenants and undertakinga hereinafter
~et forth, the partiea hereto mutuatly a~ree aa followe:
(1) The Owner doo~ s~ree to eell~ and Purchaesr doea a~ree to buy the •followin~ deacribed real estate
~ituat~d In St. I.ucle C.ounty~ Florid~ to wit:- -
Iaat No. 114fii in that c~rtain Condomiatum to be known as Outdoor Reaorta at Nettles
~ ~aland, as ahown by ~ Plat o! sald Condominium which has been reoorded fn the Of~fce oi the
~ Cireut~ Court tn and ior 9t. Luci~ Couaty~ Florida~ in Plat Boak 16, paQe 1:1A throu~h 1J. to-
~eth~r with an undivldod 1nt~re~~ !n and to~ se well ~s the ri~ht oi uee oi~ the common uee ele-
ma»ta a~ aaid ~ndominium.
(2) `~'h~ Own~r h~r~by acknewlodgo~ recelp~ oi i 8~000.00 ~~y,men# in full oi the purchnse price,
s
~ ~r, in the alternative~ the Rum oi s u a doan payment-e~?rneat money to be applied toward the
total purchaae prlce oi =$~000.00 ~or the above deecribed lot. The be,lance oi the purchase price ahall be
evidenced by a ne~otiable pmmisaory note in the aum oi ='0' , which aum ahall be due and payable in
consecutive equal monthly inetallmenta of ; each. The Purchsaer shall, upon request of the
Owner; execute a mortgage or other aecurity inatrument to secure payment of said promissory note.
(3) In the event that the Purcha8er haa Executed a negotiable promiasory note~ as aforesaid, all gayments
~ made by the Purchaser on the aforesaid note ehall be made to the Owner at the addresa shown above. or at such
other place and to auch other persons aa the Owner ahall fmm time to time designate in writing to the Purchaser.
The Owner shall exe~ute a warranty deed to the hereinabove described real pmperty oonveying to the Purchaser
a good, marketable and inaurah:e title, iree and clear of all liens and ~laims whatsoever as of the date of its
execution.
The Purchaser shall pay aU coats 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 T~ansfer Tax and Florida Intangible Tax, and- any and all other closing costs and any subsequent fees
imposed for relesse 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 tt.e above described units aru ,.art of a condominium arrangemant and _
that contemporaneoua with the recording of the plat there has been reoorded in the public recorda of St. Lucie
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