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Home My WebLink About0167 ~c h ~ b~~ r AGREEMENT FOR DEEO - IMPROVED ACREAGE ML/Sm+n HIGHWAY tIl ESTATES ~~p 3- 5-71 A SU801VISION Of INTERSTATE HIGHWAY INVESTMENT CORPORATION • • ~ ~ j/'20 KENNEO1~eCAUSEWAY, MU~! BEACH. iLORIpA ~ e . • , , ~„~arch 1S, 1971 A 1198 DATE CONTRACT N0. 1~illiaa~ ~orterfield i Aan S. _ pHONE 205-553-3275 PU RCHASER(S) A~DRESS 3230 vnivereity B1vr1.8~~TM Tnaealoosa gTATE Alabama Z~P3S401 Ge~tiemen: - ' . I wish to purchase land in HIGHwAY Q ESTATES~I herewith enclose my ~Pos~ _ ' vrhich, when accepted by you, vrill be applied as the down payment on the purchase of a tract including rights of way for road, utility and drainage purposes at HIGHWAY 0 ESTATES _ the legal description to be furnished by you. 71-88C.1S - Th~ ~i~i 01~ thA Sld~i[ Ot th! ~E~~' T8~? l~k Acr~s o s o i~ii~ leas tha W 60' If accepted, the following terms will apply: FUII PURCHASE PRICE DOWN PAYMENT MONTHLY INSTALLMENT FIRST PAYMENT OUE (Including 696 Int.) 5/1/71 s 5.990. = G0. s 6D.. . Highway U~ ESTATES d~ INTERSTATE HIGHWAY INVESTMENT CORPORATlON GUARANTEES: 1. REfUND PROYISION Purchaser may cance3 this contract for any reason within 30 e~~ the abmre date and receive full refund of all monies paid herein. Within i s of above date, if this contract is not in default, the purchaser may personally take a com- • pany guided inspection of the area. and if not entirety satisiied. he may at that time. on a form provided by the seller. ~equest a full refund of all monies paid herein. ~ 2. NO HIDDEN COSTS All payments to the Seller are included in your down payment and monthly payments. 3. D(CHANGE PRIVILE6E At any time prior to the delivery of ihe deed, purchaser shall have the ~ight to , exc~ange or irade the ~boye•described ~rce~ toward the purchase of another „ / available par~el of ecjualfir greater prke. ' . ? 4. DRAtNAGE AND ROUGH For the entire subdivision commencing in 1971 with completion in 1975. GRADED ROALIS .1. 5. WARRANTX'b~ED ~ Upon payment'fi full, a wa[ranty deed to your property will be issued to you. ~ 6. QUARANTEED TiTLE ,Q ;r~ O~~k Insurance to property is avaitable to each purchaser at a cost of only 19(~ INSURANCE AVAIL'I~,i~y;~ a~~~tt~1e purchase price of the land. 7. PAYMENTS ~s~"t ?1~11,payments should be made by check or money order payable to Interstate High- i~ way Investment Corporation, and mailed to 1720 Kennedy Causeway, Miami Beach~ - _ Florida. ~ 8. PRE-PAYMENT PR GE ~ ime you may make~ full or advanced payments on your property without ~j~ ~ ~ ~ .i' ~ena1 . _ GENERAL GONDITIONS ` ' Upon acceptance the following will apply: This Contract shall be in default upon 14 days ~notice in writing if a payment , ; remains unpaid for at least 60 days (if 109(~ or iess of this Contract has been paid), or at least 90 days (if more than I 109(~ but less then 259(~ o( thi~ ~op _~C~~as bee~ paid), or at least 120 days (if more than 25aJ(~ but less than 5096 of ! this Contract has beeo paid); br ~t iea t 50 days (if more than 509(~ of this Contract has been paid). Payments shall j be applied first to interest: then to principle. ~ ' In the event of a detault, the Contract may be cancelled and in such event the payments thereby received ~ shall be kept and retained by the seller as agreed as liquidated. _ ~ Interstate Highway Investment Corporation will, upon completion of the payments by purchaser, deliver to ~ purchaser a warranty deed conveying the title to the property subject to; conditions, restrictions, easements of record. and reservation of all oil, gas and mineral rights. Seller reserves the nght to plat the property. ~ Purchaser acknow:edges that this property is not purchased with the present intent that it will become the purchaser's principal residence. ~ Purchaser will pay only for documentary stamps required by law and for recording ansts of deed. Taxes will . be advanced by seller for purchaser's account and repaid annually by purchaser. Possession of the property and prceeeds therefrom are retained by the Seller until final payment of this agreement is made and purchas$r requests pos~es~ion. . - If any monies have been transfered from another contract to this agreement, said monies shall be deemed to have been paid pursuant to and be subject to the refund provisions of such other contract. There sha11 be no personal liability on purchaser to make the payments required hereunder. ~ If the purchase~ dces not receive the Property Report as prescribed by the Qfii.C~ of Interstate Land .Salss Registration in advance of or at the time oi his signing this Contract than he may void this Contract. If the purchaser ~ receives the Property Report as prescribed by the Office of Interstate Land 5ales Registration less than 48 hours before he signs the Contratt, the purchaser may revoke this Contract within 48 hours after signing it. ~ Purchase~ acknowledges that he has received a copy of the Florida Offering Statement and the disclosure _ ~~required by the Truth-In-Lending Act. PURCHASER(S) AGREES TO PURCHASE THE ABOYE•DESCRIBED PROPERTY UPON THE TERMS AS SET OUT ~ ABOVE. (Ii nsme of spouse is to sppear indeed.both husbaod snd wite s1~ouW sign.) ~ ~ ~ THERE IS NO PROVISION FOR MAINTENANCE OF THE IMPROVEMENTS. ; ! Agent: - ~ ~ t`. a. , y~y, ~ jri_-. : ' 1 Q~ ~ , ~ ; ~ ~ ,~i i / ~~~j INTERSTI~TE HIGHWAY I~STME CORPORATION (Purchaser) l~"-~^1 ~ ~-L~ , z, t: . % %j ~ • .=~r'~1 ~ B~? (Seal)~PutChaser) . _ ~ ' ~ • . - ~ I HER ER FY that on the abov the offi ~ii~~ this Guaranteed Ag~eemerrt for Deed personalty ap- ~ pear before me and ackrawledged t~~ co~ad~ ~'nd in behalf of Interstate Highway Imestment Corporation ~ as and for the act of said corporation-. ~ t ACKNOYVLEDGEO before me at Miami, Dade Couity. Flori~a. ` NOTARY PUBUC. STATE OF FIORIDA AT WtGE µy • ~ NOtary Publit 's This instrumeM wss pr ~~~Iw~~ Corpontion. 1720 Kennedy Gusewap Miami 8tach, Florida ~ . . . .y . , z . • ~ . y,_ .