HomeMy WebLinkAbout1600 . 1t r ~i. A ~ I ~ ~ ~ti. ~ ..u. . t
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Receipt fer D~p~sit • Oifer t~ ~nrcbas~ aei Co~tract ter Sal~ ~
~ nATR J!1 v 1 ~ 1975 i~
z~ RECEIPT is hereby acknovledqed by At,:~=~,~pf a'P1Lle Cat~. O~ Tli.
' ( ) cash ( x) check in the sum of_Two hnndred Dollara (S200.OA )
from pOWERS INVESTMENTS COMPANY hercinafter called Buyer, as an
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i earnest money deposit and as a part of the purchase price on account
of offer to purchase the property of hereinafter called Seller,
Xenneth LeakA said property heinq situated in the 1
county of St. Lucie and State of Florida to wit: ~
~
LOT(S) ZZ & 13 BLOCK~~Z PART ST. I.UCIE ~
10
SECTION PLAT AOOK
upon the terms and conditions and to be paid as follows:
g Z~0.00 Cash Deposit (above) The deferred payments shall
be payable as follows:
$ 300.00 Cash on Closinq:
' Deferred Payments:
~ g 3250.00 % purchase Koney 1~tortyaqe 541.19 monthly ~ot 120 ~
9s interest !or 120 months (10 yeare)
1~'~ $ 1692.R0 ~onths When held to
naturity.
~ ~~i~ . S 5442.80 TOTAL ~ r ~S~ ' ~
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1. ABSTRACT - TITLB INSURI~NCE - The Seller is to furnish, at his cost.
`.''i abstract of title, certified to date, or title insurance binder (With
cost of title insurance policy beinq paid for by Seller), showing qood
and merchantable title, at option of the Seller, to the buyei or his
desiqnated attorney, within ~_days after this date.
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2. EXAKINATION OF TITLE - Time to cure defects - The Buyer or the i
attorney shall have Zp days vithin Which to examine the said abstract
of title or the title insurance binder and to siqnify his Willingness
= to accept same, whereupon this transaction shall be concluded ~rithin
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.4:,. ~Q,_days. In the event examination of abstract of.title proves the
title to be unmerchantable or uninsurable, the Seller shall have "
- days within which to cuze the designated defects in the title that
render same unmerchantable or uninsurable in the opinion of the Buyer
or his said attorney, and the Seller hereby aqrees to use reasonable
~~~~j diliqence in curinq said defects and, upon the defe.cts beinq cured and
- notice of that fact beinq qiven to the Buyer or his said attorney,
this transaction shall be closed Within 30 days of delivery of said
~ ~a 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 Buyer, the Seller shall deliver the title in its existinq
~ condition, otherwise the party holdinq the herein mentioned earnest
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' money deposit shall return same co tne buyer upon dewand therefor and
4 all riahts and liabilities on the part of the Buyer arisinq hereunder
, a~
E (~b~ shall terminate.
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< 3. ZONIt7G - RESTRICTION~ - It is understood and aqreed above mentioned
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~ property is beinq sold subject to the zoninq ordinances, restrictions,
and limitations of record and public utility easements of record, if
, _~s
~ 1,`~::,~ any, which do not inter°ere with use of said property for RESIDENTIAL
purQoses.
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r~ t~ 4. CONVEYANCE - Seller aqrees to convey title by WARRANTY deed to Buyer -
free and clear of all liens and encumbrances, includinq all charges .~I._
~
~ ;,,~fi assessed or to be assessed for public improvements commenced prior to
~ `~...r~`."~:. ~ closing, except as herein otherwise provided, and said deed shall be
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~ prepa1red without expense to the Buyer.
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'~~;~jji~ . S. DOCUMENTARY STAMPS - The $uyer shall properly execute the required
~ ~=~~;;;a' notes and r.?ortaaqes, if any, and shall pay for recordinv the deed. n~~
~ ~...av~~ Seller shall pay foi the documentary stamps on the deed, and for the ;•°il
` intancrible tax, the documentary stamps on the purchase money note. and
s recordinq the purchase money mortqaqe, if any. ...z`.-'
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p a.:=~~ _
~ 6. CLOSING COSTS - if this transaction shall be closed through an
~ ~ abstract office, bank, law office, or any other agency than the office
t
~ k,~'. of the Aqent, and where a closinq or escrow charqe is made, such
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~ expense shall be borne by the Seller. _
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~ BOOK PACE~~OO -
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