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-~eceipt f~r D~~e~t - 0[fer te Pnrcba~~e aoi C~atract fer S~le ~
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; iiECEIPT is hereby acknowledged by~~~~=iC! ~ Title._..C~Y~l.-a~ l~li.
f ( ) cash ( x) check in the sum of ~,~l~ Dollars tS
~ from "ppy~gR$. INVBSTMENTS CONPANY hereina ter called Buyer, as an
r~ earnest money deposit and as a part of the purchase price on account
~ of offer to purchase the property of hereinafter called Seller,
~ Charlwa i~cl~Qjt ~ said property beinq sftuated in the
county of St. Lucie and State of Florida to wit: ~
~
,
LOT(S) BLOCK~v P(~RT ST. LUCIB
SECTION d PLAT 800K
upon the ~erms and conditions and to be paid as follows: ~
S lAn_nA Cash Deposit (above) The deferred payments sha21 ;
be payable as follows:
S ~qn~pp Cash on Closinq
Deferred Payments:
S 1500.00 purchase Koney !lortqaqe 519.01 monthly !or
9s interest for 120 120 r~onthe (10 yeazs)
$ 781.20 months rrhen held to -
(
`~i.. s_ zs3i.zo TOTAL maturily ~OZD-51S- L1~.~~-~~~
1. ABSTRACT - TITLE INSURANCB - The Seller is to furnish, at his cost, (
abstract of title, certified to date, or title insurance binder (With
cost of title insurance policy beinq paid for by Seller), shoWfng good
and merchantable title, at option of the Seller, to the buyer or his (
@esignated attorney, within ~_days after this date.
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2. BXAMZNATZON OF TITLS - Time ta cure defects - The Buyer or the f (
attorney shall have ~_days within wAich to examine the said abstract ~
of tit~le or the title insurance binder and to signify his willingness
4~:.
to accept same, whereupon this transaction shall be concluded within ~
! ~_.days.. In the event examination of abstract of title proves the
title to~be unmerchantable or uninsurable, the Seller shall have ~n
days within which to cure the desiqnat~d defects in the title tha~~ ~
render same unmerchantable or uninsurable in the opinion of the Buyer
_or his said attorney, and the Seller hereby aqrees to use reasonable '
d-iligence in curinq said defects and, upon the defects beinq cured and ~
notice of that fact beinQ qiven to the Buyer or his said attorney, t.
this transaction shall be closed within~_days of delivery of said
notice. Upon Seller's failure or inability to correct the unmerchanta-
bility of the title within the time limit or a reasonable time, at the . ~
option of the Auyer, the Seller shall deliver the title in ~ts existing
condition, otherwise the party holdinq the herein mentioned earnest ~
money deposit shall return sae+e to ti?e buyer upon demand therefor and
~~~'~p all riqhts and liabilities on the part of the Buyer arisfnq hereunder
~~~r.
~ f;4~'~ shall terminate.
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4 J-~=~ 3. ZONING - RESTRICTIONS - It is understood and agreed abpve mentioned `
~~:-=ze... . `---r
~ property is beinq sold subject to the zoninq ordinances, rest~cictions,
~ ~~l: and limitations of record and public utility easements of record, if
~~~~-~=Y• ~ any, which do not inter°ere with use of said property for RESIDENTIAL
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S a=:;,y~lt purpose s . -
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~ ~';~f, 4. CONVEYANCE - Seller aqrees to convey title by WARRANTY deed to Buyer
free and clear of all li~ens and encumbrances, including all charges
~ assessed or to be assessed for public improvements commenced prior to
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~ y~~j closinq, except as herein otherrrise provided, and said deed shall be -
~ {1~~ prepared without expense to the Buyer. ~
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, 5. DOCUMENTARY STAMpS - The Buyer shall properly execute the required
notes and mortqaqes, if an
_ y, and shall pay for recordfng the deed . : zi~
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~ ;.,_%rr~ Seller shall pay for the documentary stamps on the deed, and for the
int aible_ tax the documentar stam s on the urchase mone note and
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` recordinq the purchase money mortgaqe, if any.
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t ~;~t~ 6. CLOSING COSTS - If this transaction shall be closed through an
~ abstract office, bank, law office, or any other agency than the office
~ ~ f-~~r of the Aqent, and where a closinq or escrow charqe is made, such
~ :z.rn., ~.c._
~ expense shall he borne by the Seller.
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