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HomeMy WebLinkAbout0053 ~ . l~ • ~ ~~z~ ~ . ~ } I j ~ ; ~ CONTRACT OF SAIB AND SBCURITY } ~ . ' ! Made this ~O ~day of May, 1976 between R. B. S[AY, JR. and ' I ~ I ' : ~ BBTTY J. SLAY, his wife hereinafter referred to as sellers a?nd WARRBN'S ~ I LAUNDRY-C[BANfiRS, INC. , and ROBfiR't J. TIBRNAN hereinafter Yeferred to ~ ~as the buyers, in consideration'of $1.00 and other valuable consideY- ~ ation and the conditions hereinafter set out, do this date agree as - jfollows: the buyers buy that ceYtain business known as SUNRISB DRY ; iCLCsANERS and the sellers sell that certain business known as SUNRIS6 DRY # : t , f jCLBANERS under the conditions as foilows: ~ j WITNESSFsTH, that if the said buyers shall fiYSt make the pay- I !ments and perform the covenants hereinafter mentioned on their part to ; 'be made and performed, the said sellers hereby covenant and agree to , iconvey and assuze to the said buyers, their heirs, executors, admini- ~ istrators or assigns, in fee simple, free of all incumbYances whatever, ~by a good and suff icient Bill of Sale said SUNRISB DRY CL6ANSRS in the County of St. Lucie, State of Florida known and described as follow, . i 'i to-wit: - ~ ~ ' ~ All that c~rtain business formeYly known and operated as } I f f z ~ ;~SUNRISfi DRY CCFsANERS situate at 316 Avenue A, Fort Pierce, FloYida ~ ~ I~together with all of the equip~ent and f ixtures thereto pertaining, ~ I~including finished work on rails and in progress on the date of this = ~ { ~ I~sale, a schedule of which is hereto attached excepting therefrom mobile ,f ; { ~ ~,units or tYUCks, accounts receivable, 30 days or more old, with the ~ }iprovision that accounts receivable as owed for services perfoxmed prior ~ , ~ iI to date of sale, will be held in escrow for the selleYS who will refrain ~ s - ~ E~from forceful or legal collection of accounts for a period of sixty (60) ~ li :y t!days during which time the buyers shall collect such accounts as have ~ i' ; ~come in voluntarily, after which said sixty (60) days, the sellers shall ~ . ~ ~ihave the option to take over and collect the said accounts, all work ~.n ~ ~ ~ 3 f;progress and the compensation therefor, shall be the responsibility and ; a + y ~~the property of the buyers. ~ ~ i ~ !j The puYChase price for the business is $30,000.00 payable ~ l; ~ ~ ~ ~ ~i . ~ ~ ~ i r~ ~ E:~~ 253 P~ ~ ~ ~ ~ ~ - ~ . ~ : . _ - _ _