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HomeMy WebLinkAbout0564 1 . - . . . . . . _ . ' ' % . - _ - ~ ' 358183 ~ ; . ~ CONTRACT FOR PURCHASE 4P REAL PROPERTY iQ~ ;p?- ~"7~. FRANK E, YANAROS~ JR. and MARIS C. YANAROS, hie wife; JOHN o. . ` > c:: O. YANAROS and ANNA L. YANAROS, his wife; and NICHOLAS E. YANAROS ~ a ~ O~. i» - : and CAROL YANAROS, his wife. hereinafter called the Sellers, and 11 ; u~~~~' ~ ROBERT T, RYAN. as Trustee, hereinafter called the Buqer, herebp~ o~- W? ; agree that the Sellers shall se21 and the Buper shall buy the ~w fol2owing described property upon the terms and conditions a' Q~ ~ IN~~ ~ ~ S~ a: ~ hereinafter set forth. ~ itl)o ~~iu~~tt~ 1~ t ~ g.~ = 1. The legal description of the real estate located in St. "~n'v;~~i~E ; Lucie County, Florida to-wit : ~ ~ . ~ The East 30 feet of the follawin~ described tract, - ~ to-wit: Beginning at the Southeast corner of the lllill!!!1~#,~Il! ~ Southwest quarter of Section 21, Township 34 South, _ . Ran~e 40 East. thence run North 771.6 feet, thence ' run West 952,24 feet more or less to the Florida t East Coast Railroad, thence run Southerly on the o.: Florida East Coast Railroad 824,86 feet more or lesa r~~ : to the Southern line of Section 21, thence run East - o , on said section line to the point of beginning, this ~ land described in Deed Book 23, at Page 209, Deed d ~ Book 50, at Page 153 and Deed Book 136 at Page 273. _ ~ ds p~.. 2. The purchase price ahall be Ten Dollars ($10.00) and ,o~her good and valuable consideration. The Sellers acknowledge . . : g~:-;receipt of the Ten Dollars ($10.00). z- . ~ ~ . : 3. The Buper agrees the above described strip of property I S 9 ~ ~1 - ~ is to be used for the West one-half of a road right-of-way. The CO~NT_ ,'~'East one-half of the road right-of-way is to be provided by the Buqer: In the event that a road, swales and crossroad drainage ~nd accepted b the Villa e of St. Lucie is not constructed within three ~3) years o~ the date of this Contract, the propertq shall revert to the Sellers or their heirs ~ c or assi s. their heirs and assigns, ` 4. The Buyer agrees to provide the Sellers/with access to the Indian River for single family home sit~ for the property ! immediately West of the road to be constructed and No~th of Milton ~ ~ E Road presently owned bq the Sellers consisting of approximately ~ ' eight (8) acres. Said access is part of a subdfvision which is ; ' being developed by the Buyer. In the event the above described i I i property reverts to the Sellers or their heirs or assigns, the ~ ' ~ right of the Sellers to have access to the Indian River as ; _ ~ p.rovided herein will revert to the Buyer or his heirs or assigns. ~ S~"~TH ANDBRENNAN ,~~E~ 5. The Sellers agree to pay to the Buper fifty percent (507a) %+s oE i nri~aE AvEM~E `URTYiERCE.FLd1ipA of the cost of constructing the road, swales and crossroad drainage ~ TE E??IONE ~ - within the. above described road right-of-way accordin~ to the f:~ 26~4 ~ ~ : ,