HomeMy WebLinkAbout1341 ' ~ ' ' ' • - !
. . i
, i
~
a: if Pu:•chaser fai~s or ref~seG to Fay thP cl~sing costs and other sums ~
required in accordance with this Agreement (irrespective of whether or
not a porlion of tiie purchase price is financed through a mortgage loan),
then and in any such event. in arder to forestall expensive litigati~n
hetween Develoner and Purchaser, it is mutually agreed that all deposits
n:ade hereuader by Purchaser shall be retained by the Developer as
agi~eed and liquidated damages. - _ .
REZONI~iG; DREDGL*1G; ~'ATER;
1. The parties understand and agree that, before Developer
is able to develop THE BEACH CLUB in accordance with his proposed
o~erall plan, it will be necessary to secure a rezoning of the property
_ from appropriate governmental officials in St, Lucie County, Fl~rida. It
is anticipated that such rezoning will b~-granted on or before Januar,y 1,
1971. However, if the Developer is unable to secure the required rezoning
on or before that date, then all n~onies paid on account of this Agreement
shall be refunded in full to Purchaser, and this Agr~ement will be thence-
forth null and void.
2. The parties further understand and agree that, in order
to fully develop the property in accordance with the Developer's plan, it
will be necessary to obtain perm.its for the dredging of a basin, such
permission to be obtained fmm the appropriate governmental officials.
Should these permits not be obtained on or before January l, 1971, then
all monies paid on account of this agreement shall be ~efunded in full to
Purchaser, and this Agreement shall be thenceforth null and void.
3. The parties further understand and agree that it will be
necessary to get water to the developm,ent from Southern Guif Utilities, Inc. . .
Should Developer be unable to have water supplied to ihe developrr~ent by
Southern Gulf Utilities, Inc. . its successors and assigns, on or before
,Fanuary 1, 1971, then all monies paid on account of this Agreen:ent shall
be refunded in full to Purchaser, and this agreement will be thenceforth
null and void.
, .
' ESCROV~' ACCOUNT:
C 1. All monies paid to Developer under this A~reement as
~ ~ a deposit or downpayment shall be held by First Federal Savings and Loan
Association of Martin County in an escrow account. No monies so deposited
shatl be used by Developer for any purpose whatsoever in connection with
this development, or the construction conterr.plated under this Agreement,
until such time as Devetoper obtains the above-described rezoning, permits,
and water. Should the Developer obtain the same within the allotted time,
then the rnonies so held in escrow shall irr.mediatel,y beturned over to
Developer for the purposes herein provided. However, should Developer
be unable to obtain the rezoning~ permits, and/or water within the allotted
time, then the money so held in escrow will be returned to the Purchaser.
PERIOD OF CONSTRUCTION:
1, The parties agree that Developer shall com~nence
construction of the villa at the earliest possible date after meeting thc
r~~ conditions set forth~above, and shall deliver occupancy of the same to
~o -
Purchaser as soon thereaftcr as possible.
~ _2_
- Boo~ 2~4 ~i34i ~
~
WRL tLLWANOEw ATTORNtY AT LA1M R O. ~OX 1~d• ~TUAIIT. FLORIDA'a~~4 ,
~ ~,;u.€r b . - - - - . . a-~:~Sr ~
~~k~ ~ d~ ' ~ ~ .
~ R ~k: .
~~~~~*s~~. ~_~~T "
. _=~...F-~~:.~:-~.~,.~~'~,; ~ . ~~.w