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HIGHI.IGHTS OF THis AGREEMENT
(These hiRhli~hts are subject to all provisions of the Conditrons of Purchase appeanng below and on the
/ront of the Agreement.)
• You have the privilege of t~ansfetring your equity 'in this property to a home or other avail-
able prope~ty of equal or highe~ value in one of our florida communities. (See Item 6 below.)
• We do not repurchase property after expiratio~ of the cancellation periods provided by law
or refund any portion of payments except as provided in Item 7 below.
• Without extra charge to you:
• We will pay all ~eal estate taxes on yaur property until we have deeded your property to you
. or this Agreement is recorded. (See Item 5 below.)
• We will~ve your street not later than the end of the Homesite Development Year. (See Item .
2 below.)
• We will is u a Warranty Deed and title insurance policy. (See Item 3 below.)
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Cl-Ek~ GI tCUIT CCURT 3c~o'~~~ ~N~j
~~'C ~N~~l~ p~rMENi pF s
RECARO Y£ptf1ED.... ~~l.~~q,~,,,~ P~R~
~ ~ 23 AM' NDITIONS OF PURCHAS~` ~
q J~D PIEASE READ CAREFULLY ~
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l I~AS1C AGRF,81~lENT 7. YO~1R Ri(3HTS IF ~4E FAlI.TO PERFORM
1l'c IGeneral I)rrelopment Carporation) agree to .ell to you lthe It ~~'e• fail tn rrn~•t au~ ~~1 our ul~li~:+huns nndt•r this AKreement, you
~~u rrh:~.Kr ur purch.?.:erc name~cf un the tuce p:?gel thr rc~+idrntial pmp- inac s+lert eit hrr of tht• f~~ll~~~vm~ f•~cluw~~r rruutili~, at }•our optiun
< s!~ de;critx~cl in this putcha~• a~•ment. This ~~rc~~ment :ilM~ ~tates ~1.~? You ma~• e~rhan~e ihi. proprrt~• for other pro~~ert}• of s?milar
t iu~ price and dc,.~ri1x~ the other ternL~ of thi, Nurcli:ue. Yuu agree to ~'alue in thi~ or any other of our communiti~ and in a similarly
t~u.~ this prapcrt}• from us and ta make Standard [~lonthh• f'ayment~s dec?r~ble lucatian,or
in the amuunt shu~.n'on t1u~ Ieceof thicaKreement on or tx~f~~nn the Ib?~Yeu'ill~~c~fundall{~~•mentcmadeb~•pouundrrthi~Agreement
t~•n;h da~- uf each month. The un}:aid balance at an~• time N•ill t?ear If}~ouelec•tritherol thc~mmEyfitw,tx~thy~~uandw•ewillt~ereleased
tritt•fE5t Al [I1P r.~u• ~pc.~ified un the front of the Agreement IANNUAL from am~ (urtht r~~hG;;at ions under this A€rc~ement There am no other .
1'I•:HCEh'Y'ACE I2ATE1. pticilegc~tof eanct ll~u iun ~~r mfund except as stated above.
PAVING OF YOUR STREET 8- I`O 1'F.I2~ONAI. LIARII.ITY ON DF.FAtJLT -
'I'his propert}• ~c curmntl}• unde~eloped. We a~ree to complete the ~'~u tia~~e no personal li~bilit~- to make an~~ payment under this
I :~ing of stree~~ adjacent to ~'eur pro~~ert~~. in ac~•orc1:+ncr ~~ith the A~nrment Ho~ve.~er. ~f }•ou fail to make am~ pa}•inent, y'ou N•ill be in
I ~~'.:t filed in the publi~• crcurds of the ~tin~nt~ in ~~hich t•u~r property is dri:~ult and ~se ma~ terminate thi5 agreement.
1~ ated, betore the end of the Homesite I~celopment Year. t3efore an~• ~uch terntination becomes efTecti~~e. pou will have a
j gr:~ce Fu•riocl within a•hich t~~ bring your account to a current ~tatus_
Thi~ ~rac~e penaf shaU tx for the periot! oC f#l day~ if 10~ or I~s of the
~ :i YOl'R lVa}2RANTY DF.ED princ~Nal amuum of the purrh:ur price ha~ i?een paid. ~ da~•s if more
~ lat ~~'e ~~~itl deli~•er to ~•ou at oureapea~~ a pmperl~~ execultKl ~~'ar- tli:~n 11Y; :ind Ir~. than '_':i ~ of the ~>rinripal amount uf the purchase
~ r::nt} Dc~cd iC ~~ou ha~•c• fullt• paed for thi~ pmEx~rt~~ h~• making all of ~irirt•ha~lx~en p:+id. r3ndac~if m~ire th.;n 3:~: but I~~.~tl~an:,~~~~ oTthe
~ ~~~:ir St.~udarci \ionthl~• I'a}•ment~ «•ith~~ut prr4r.~}~ment. princ~pal amuunt ~,f the ~»in•ha:~ pric~ hac Fx~en paed. and l.`~O da~c if
` tblTtte~~'arrann•De~Yi.~~il{~•nm~•~ rondu~ark~•cabl~•andin~unble crlf, ~~rawmutthepnnt•ip:ilamnuntnfthepurch.?.~•prii•eha:ix~•npaid.
~ t it !e te ~~ou, fine :~nd t'tear of all enrumbran~'~~ ~~scept fnr t ht= fnlUncinK: 11 utt bnti~; ~ n~n a~•~~~,unt tn rurn~M ~tat u: h~~ p:icink :JI p:~~t due
i:~ ehe 6c•n fur t:ur~ fuf th~• ~~c:~r i~ ~tiiui~h ti~e• !~~nce}• tht• pn~{x•rt~•: ~ i~:~ i~ il a~nc1 int~•re•:t ~+ithin thr ~ rlicablt• ~ r•ict• x ri~xi. ~uu ~cill no
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i=~ ~~il. ga: and tnintrr,il rrsc~n~atii~n: of n•curd. i! am•: 1:3? znning :~nd I,m~_~~r l~c~ c~m<id~•n-~l in d~•t:~utt. If.~~u d~? nnt brin~.•our accow~t to a
I ; ulatun~ ~~rdi~sani~~•~. rt~i~irtion~ an~1 rasemrnt~ ~•~~mm~~nlc f~xsn~1 in curr~ :it :tat u~ ~cithin th~~ :~ppli~~ahl~ ~rcitr ~x~riutl. ~.•e may- trnninate
~ f'~.~i~la r~~nununitie<~~(hi;;h staind.ud~: (~#1 n`~tr.rtiuit: ~iud limitalion. titi~:\~IYI'li11'ill \\7(f1U11( IUlIIIE'i OQLII'C.
tinr ~ h:- u~e: of the property ~chich an w~nui:~n t~~ thi• ~ut,di~-i.iun
hi~ h nu~c nr i~crt•aftc•r ~n<i}• I~ unt~ nf public re~•~~rcl: and (:31 ~•a.~•- 5?. T}:1~ \1I \:\TION
~ ::t, fur dr:~it~:~~;~°. ~ anai nr.~intt•n:i+irr and ~,ui~lic u~ilitir~. . It ~~r tert~~~nat~• this A,~reement. ~~•e ~sill n•tain ell monic~ cou ha~•e
~ s~ ):~fcer thi., ~Carrant~~ llecd i: re•i'urderl, ~+r icill : t~~ur ~ ~~xn:<e p:iic! unilt•~~ ih~~ a,rt•rment, inrludin~; E3rinr~p:~l and intenst. as liyui
t: i:.~nt~~1 t~~ ~~~~u a,tan~i.~rd ~~~rner'~ tittr ~Hdic~~ frnn~ x memtier finn ~late~l dama!~iK tx•~•aijsc• ~ce ha~•t• t:ike?~ ~r» ~ ~~~~~,~n.~ ~,ir ~fK f~~i ~~ate
~ iir•:\t;;eri~,~nl.:ilul'1'itb•A~a~ciati~m. m:ukr!.wi•ha~t•turnc~dati~;~~~utherprr~~F~ctrvepurch:i~~t~.~nd~~•eha~•e
l i 1--i• :~:id jw:v~,iun of thi~ ~irafr.~rt~ ~.~ill 1:~• n•r.~i~nri fi. ,z~ ue~til im untY1 rn- ticill bf• inc~:rrln~ sellin;:. admini,trati~-e snd de~~elopment
:ii,i~E•~;:~~rf~c.tl:~purrh:~=epr~~•~•infullauduntit+:~•ha~edeli~~•ieYl ~•~Ik•:i~~'~u~~•'~itneti~tin;~~a-iththi~~rro~xrt~•.IT~Nmterrmnatin;i.an~and
'.~":icr.int~~ i)r~ti1. :~11 r.«ht~ cnu n~:i} h:nc~ iiad s:? thi< prnpert~• ~hall immeriiately tenm-
' ~r,:t~:,ixl,~c:ua} rrtumst~i~pru}xrt~•tc~nurin~~cntoq anclnycllitfree
~"Ol`H RlG13TT(1 VRE:i':\ti' ar~f ~ i:•ar ~~f cu~~ ~•l.~ima liens ur cnc?tmbrancc~ .~ru~ing out of this
1-~~U h:i~~• ?L~• ~i;;hi t:~ {n-~ Fr,s~~ tl~~ mit-t:,~s~Iir:;: h,~l:incr unrlcr tl~i.< Ap;!cti•~~;r~it
~ ~•ment in ~rh~;ir~~r in part at a~z>- tim~~~+nh~~ut ~H~n:ilt~ .}'rcE~acmt•nt ~ f=~i~~ .~'-n'E•me•nt ic h~sr.unatc~cl, our rrcordecl allida~•it att~ing to
r: -~:ot.hm,r~•er.a~•~c•lirute~,ur~~bh,at~;,nt.utn~l~•li~rrtho\1~atTar.tt. ~~+,?;r :i~~t:n:ti :ut~! the~ te~nninatinn. ~hall he ronclua~-c> pr~xif oi sitch
,,_.,f and tirle~ in>uraii~ c~ p~rlir~ tn ~„u tx~fom ihr• H~i:nrite !)i•cF•I~~p- ~r. ~.cu?t a~zd t~•rnut~nttun fr~r:~ll pur~~v•s.and ~~~~uirn•~~tMahh•authonte _
_ ~tt)at~•~~~ih~t~~~~~fn3~,1~•tc~thc~pa~im,:ntthe<tr~c•t~:~d~a~•.•nttn~~n~r u-t~~th~:~:ittc~t:~ndnrvinl~uchathda~•itasths;ughitµ-Pre~•ourown
~ {:~K rt>' 1;:•fr~~r the rr:~i nC the• Hun~. ;:t~~ U~••: clu~~sf.e~nt 1-ca!' Hn•.s~ r. :}rt :inr! ii~ ~~il
,~~u ~ia prrp:~y. ~se ti~il! then~uEwn i.~u~~ ~ou x cer:ifica[r of pa~•tuent ~It i;I~i~'F('TI~'F: OATF,
~ u~tull. "t~ir,.:l~,n•t•:m•uti<rtFr~~ti~•~~an~lbindinronus~vhenynuhave~i({ncd
~ \VE P:11' TArF.S ~t ,+acl ~ti~hc•n ~~~i• h:n~~• •i~nctil it at uur H~~~ne ntli~•e. ~Y~• ma~• a~~i•ept ur
ri•'+ ~~t tlii= :1~;nti•;nrnt ~cithout e~planAt~on. ant! if ~~•e reject it. ~r~e will
Y ~~'r~tiill~>:3~'allre~:ilprn~rt}•taxc~nntknspr~~{:ertyK~hilethi~A,*rcr- ~,ru~nth~~~I~E«,:i~t~~rounndbuthpart~~r.h~llbemlraseclfmmany
~ ;,~~~nt i; in ti,rr~~ or i~ntil }~~ii rerunl tni~~lgr~~mc•nt nr un~il;~.~• d~•li.c•r ubL;::~tiunliereundrr
a ~"u ~~'az-r:~ nt~- Dred conce}-ing title t~ tne prupt~rt ~ toyuu, H lucl?ecer
~ t;ntoccun. II.r1~tili:\ifF\TOFTHi~A(:REEi1F:riT
~ Y~~ti map a.u~n this Agreement w•ith our tcritten con.sent upon
~ 6. YOLIii'TRAIv~PEF~PRIVILEGE pa~~mrnt ~f a trer~[erfre.
a If YOUi ~:l\'tllf'I1tC are current,~w•e guarRntee ~ou the pri~-ile~e to -
~ tr;insfer your c~uii}• lthe portion of your pa~men~~ on this pru~x•rty 12• I~O7'ICF.S
~ .+pplied towanls principal) at anv time befure vou have paid ~~our out- N~~ticc~ under this Agmement mu.t bc~ in K~riting and addre~4ed to
~t:,ndingbalance~nfull.Thistransfermaybetowardeither: thela~tknuwnaddr~~oftherespech~rpart~.ezceptastothe~~uidance
~ la? The purchasc• of a~•ailable pro~erty of eyual or higher price in and recocation right a.5 pro~~ded in paragraph (d) under "Acknowl-
t his nr anc uther of ~:ur Flnrida rommurot~; or edgment" section on the face page.
~ Ib1 The purchale of a ~tandard home built by u.g in an available
~ hou~ing area. l3. FI.ORIDA CONTRAC7'
If ~•ou have c~c;uities in mum than one hom~te. you may transfer The partic~ ati~ree that thic Agreement shall be eonstrued and in-
~ t hem only to a like number of other homesites or humes. ` terp~ted in accordance w~th lhe laws of the State of Florida
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