HomeMy WebLinkAbout1598 c~ ~ z . ~
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~ ~eceipt f~r Depes~t - Of f~r t~ Purchas~ ~ed I'oetract ~~r Sate ~
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RECEIPT is hereby acknowledqed by 'j
( ) cash (x ) check in the su~n of ollar S t nA~,AA )
from 'pOWfiRS~ INVESTMBNTS COMPANY hereinafter calIed Buyer. as an
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i earnest money deposi~ arid as a part of the purchase price on account ~
of offer to purchase the property of hereinafter called Seller, ~:i,~
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, [`hs=1~_gT. $p111ri~-t0~1 - said property beinq situated in the
~ courtty of St. Lucie and State of Florida to wit: ~
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LOT(S) ~ BLOCK PORT ST. I.UCIB ~
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SECTION d ~ PLAT BOAK
~:~q; upon the terms and conditions and to be paid as follows:
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S 100_Od- Cash Deposit (above) The deferred payments shall
f be payable as follows: ~
S 150_00 Cash on Closinq _
Deferred payments : $19.01 ~?oIIthly !o~'
Sam~fle purchase Money Mortqaqe 1Z0 a~ontha (10 qears) ~
~ 9t interest for 120 ~
S 7g1-2o-' months When held to
~ matnrity.
i~ ~ S_ 2531 _ 20 TOTAL ~
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~~"•`i~! ABSTRACT - TITLS INSURANCE - The Seller is to furnish, at his co t, (
~'i abstract of title, certified to date, or title insurance t~inder (with
cost of title insurance policy beinq paid for by Seller), shoving qood
and merchantable title, at option of the Seller, to the buyer or his <
designated attorney, within _~_days after this date. '
2. EXAMINATION OF TITLE - Time to cure defects - The Buyer or the ~
~ attorney shall have t A days within which to exaa~ine the said abstract ~
of title or the title insuranCe binder and to signify his willingness
to accept same, vhereupon 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 3 a ~
- days within whicr to cure the desiqnated defects in tne tftle that ~
`a~„ render same unmerchantable or uninsurable in the opinion of the Buyer
~ or his said attorney, and the Seller hereby aQrees to use reasonable
:si-~`~` diligence in curinq said defects and, upon the defects beinq 'cured and ~ ~
~ notice of that fact beinq qiven to the Buyer or his said attorney, -
this transaction shall~be closed within ~p days of delivery of said
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, notice. Upon Seller s failure or inability to correct the unmerchanta-
bility of the title Within the time limit or a reasonabl~e time, at the
option of the Buyer, the Seller shall deliver the title in its existing ,
condition, otherwise the party holdinq the herein mentioned earnest
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money deposit shall return same io ci?e auyer upon demand therefor and
I ' all riahts and liabilities on the part of the Buyer arisinq hereunder
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( ~ shal l te rminate . '
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3. ZONING - RESTRICTIONS - It is understood and agreed above mentioned ~
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property is beinq sold subjec~t to the zoninq ordinances, restrictions,
and limitations of record and public utility easements of record, if
~I`;:'F;•`f j any, ~,rhich do not inter`ere with use of said property foz' RESIDENTIAL
~~i ur oses. •
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' l~ff 4. COI3VEYANCE - Seller aqrees to conve title b WARRIINTY deed to Bu er ~
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free and clear of all liens and encumbrances. including all charges
~ _~`_°,,,~fi~ assessed or to be assessed for public improvements commenced prior to • V`
3 r=~ ~ closinq, except as herein otherwise provided, and said deed shall be t
r~~. prepared without expense to the Buyer.
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~ ~1''t`~'j 5. DOCUMENTARY STAMPS - The Buyer shall properly execute the required
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S~'~~~;;, notes and mortqaqes, if any~ and shall pay for'reCOrding the deed. jf'==~~
~ _.;~f~/ Seller shall pay for the documentary stamps on the deed,~and for the -
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~ intanaible tax, the documentary stamps on the pu•_-chase money note and =
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, recordinq the purchase money mortqaqe, if any. ~~;y.,.
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; 6. CLOSIt7G COSTS - If this transaction shall be closed through an a.-
j abstract office~ bank, law office, or any other aqency than the office M~
~ of the Aqent, and where a closinq or escrow charqe is made, such
~ expense shall he borne by the Seller.
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Bo~K 243 ~ PacF ~ ~
~ ~ 1598.
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