HomeMy WebLinkAbout1602 ~ ~ ~ 1
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~:4~~~~j Recei~t f
or Ile~OSit - Uf Eer te Purcha~~e aQd Contract tor Sal~ ~
DATF. July 1 ~ 1975 ;4
'°z REC~IPT is hereby acknovledqed by~bstrac~_&..s.it~~SCr~]. Ela.
t~ ' cash ( x) check in the sum of Dollars (S
from pOWERS INVESTMENTS COMPANY hereinafter called Buyer, as an
~~4t earnest Money deposit and as a part of the purchase price on account -
of offer to purchase the property of hereinafter called Seller,
~ Ct3olqe E. MyelP _ said property beinq situated in the
A~ county of St. Lucie and State of•Florida to wit:
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L~T(S) 3 BLOCK_~ij~ PnRT ST. I.UCIE ~
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SECTION 29 PLAT BOAK
- upon the terms and conditions and to be paid as foliows: ~
` $ 100.00 Cash Deposit (above) The deferred payments shall ~-s~
t be payable as follows: t
S 15A.00 Cash on Closinq
' Deferred Payments : $18.60 utonthly fo~c'
; ~ ISO~.Off Purchase Honey Mortgaqe 120 tnonths (10 yesrs) C
8 1/2s interest for
S 732.00 120 months ahen held ~
'~,i, ' $ $a82.00 TOTALtO 1!lQtti~'~ty.
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~_=j~~ ABSTRACT - TITLE INSURANCE - The Seller is to furnish, at his cost, (
•~o.:.
abstract of title, certified to date, or title insurance binder (with
cost of title insurance policy beinq paid for by Seller), showing good
and merchantable title, at option of the Seller, to the buyer or his <
d~signated attorney, within _.3p__days after this date. -
2. EXAMINATION OF TITLE - Time to cure defects - The Buyer or the ~ ~
=~9i attorney~shall have ~_days within which to examine the said ~.bstract
of title or the title insurance binder and to signify his willinqness
to accept same, whereupon this transaction shall be concluded within ~
.
~ ~A days. In the event examination of abstract of title proves the ~
_ title to be unmerchantable or uninsurable, the Seller shall.have ~T_
days within which to cure the desiqnated 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
diligence in ~urinq said defects and, upon the defects beinq cured and t
notice o€ that fact beinq qiven to the Auyer or his said attorney,
+ this transaction shall be closed within ~,~n 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 reasonable time, at the `
'~f:#-`~ option of the Suyer, the Seller shall deliver the title in its existing
~r`"' condition, otherwise the party holdinv the herein mentioned earnest
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' t'.' - money deposit shall return same to cne Buyer upon neu~and therefor and .~u=
j all rivhts and li•abilities on the part of the Buyer arisinq hereunder
~ ~~N' shall terminate.~ ' ~
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~z=~`'. 3. ZONING - RESTRICTIONS - 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 ~X"
~ ,::'`rr• ~
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; any, which do not inter-ere with use of said property for RESIDENTIAL ~
~ ~j-_:'.~~~ Purposes . :
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4. CONVEYANCE - Seller aqrees to convey title by WARRANTY deed to Buyer
~ ~->-z, : free and clear of all liens and ei?cumbrances, including all charges
~ assessed or to be assessed for public improvements commenced pri~r to
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closinq, except as herein otherwise provided, and said deed shall be ,
~j prepared without expense to the Buyer. -
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5. DOCUMENTARY STAMPS - The Buyer shall properly execute the required
` ~~-;;;•:r~. notes and mortqaqes, if any, and shall pay for recordinq the deed.
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€ ' ~rj' Seller shall pay for the documentary stamps on the deed, and for the
`:_;r,~ intanaible tax, the documentary star.ips on the purchase money note and
4 ` recordinq the urchase mone mortqaqe, if an -
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6'~'~• 6. CLOSIt1G COSTS = If this transaction shall be closed through an
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~ abstract office, bank, law office, or any other aqency than the office
~ of the Aqent, and where a closinq or escroW charqe is made, such
~ expense shall be borne by the Seller. _
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