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G~~ezd ar.d ~iquidated da:~ages~ and in i~ll setLlemer.t of ariy clai~.
~o: da.:,ages ar~d al~ parties hereto sr.ay~ be re~~eved :rom ~urtr.e'r ob-
~~ca~ion : ereunder. ir. ~'r.e event tr,at tY~.is sale shail not be clcsed
•r: ~t: i: ~'r.e tir..e he: eir set fort?~ by de~'ault on tre psrt of t: e Seller
er, a~ the option of tr.e Buver t'r,e deposit ar.d all s;;~~.s paid by -the
3•uye:^ :~::cer t:;is agree::er:t s'.Zall be refunded to tr.e Buyer and all
~arties ::ereto shall be released ~rom further obligatio::s hereunder
reserv~r.~ to the Buyer, however, ar.y otr:er rights or rerr.edies he may
rave bzcause of said de~au~~ ar.c also reservir.~ to the Buyer t:~e
p~~vilege oi" acceptin~ t~~le to said property as it then may be in
t:s even ~ tit? e is unr?arketable and cannot be renderea m~.rke ~able by ~
t::e Seller as r,erein provided. .
Si:; ultaneously with the cl~sir.~ of the foregoin~ sale , ~r.e
~ Se~ler s~^.all grant to the Buyer the option and privilege of purchas-
yr,~ e following described property ir. St. Lucie County, rlorida,
~o-wit : . _ _ _
~11 oi tr.at propert.y s~.ew:1 anc designa~ec
as Zor~e 2 or. i~:ap attac::ed to ar;d r~~ade a
paY't of t'r.is ~greement, subjec~ ~o three
(3) sixty (b0) ~oo~ : i~hts-of-way for ac- _
cess to t'r.e Beac?^.,-
a:. a:a for a purc'r.ase p~ ice oi `~~'10 HU:~DR.:~ AI~~ FIr
iY iHOUSAi~D DOL~.ARS
' ;~;250,u00.~01 payable twenty per cer.t (20~) in cash az closir.g, with ~
~
~ t:^e ~alance payaole by a au: chase r~oney r.ote ar,d nlortgage coverir~~
~ . .
~ sa~:.,;ec~ property. bearing i::~erest at five per cent ~5~~ Per ar.nu.;.,
Ya~table ar:nua~ly ar,d wi~ : princ~pal payable in ten (101 ec~uai conse-
cu~iv~ annual instal~::ents cor:.Ten~cir:~ one (1) year fron. Cate of clcs-
~.:~K, Saici optior. snall ex~ire s~x ( 6) rr.ont'r,s af;,er fir.al cor~~~e ~iori
o~ z current l~tigaticr: against said proper4f and expira~ior. o° all
appea-~. ;~2riods ir. cor~nection w~tr: sa~d liti~ation. Said option s'r:all
~ ca ~xzrcised bv wr'it~e : no;,-~.ce ~ro:: ~:e Buyer herein to t:~~ Selier ~
~ . -
';K ::e: ~~r: oiven p: ior to ~.^e ex~~rat~or: du~e of saic opt::or.. e _ +
~
~
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~ ~ve :,re o~ ior~ ~s exercised, t:e pwrcY:ase oney ::artgage s:^aii cor,- '
~ tG~:: a re~ease ciause provid:.ng ~or tre release of said lar.~s ~.po :
~ . ~
~,µ~;::.er_;, o~ a release price of i:~.EE 'r'.L':~~RED DOLLARS (5300.C~: per ;
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