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Home My WebLink About1554 CONDITIONS OF PURCHASE PLEASE READ CAREFULLY 1. BASIC AGREEMENT 7. YOUR RIGHT 1F WE FAIL TO PERFORM We jGtncral, pevelgprtunt Corporation) agree t~~sell toy If we fail to meet any of our obligations undec this agrcetnettt. (the purcDaser cX iKY'd?a3tri sanled op.th0 faCg,pttgq-) tbaresidee~ s - s7rot4 ~7t N~i:,pther of the td4owigg e~ttclyjivelrettKdies. at your propeny destaibed•in-this purchase agreement.- h agr+atttlertt-else ~ oOhottt + states the price ,}r~ {ktcribts the o3hCr tFtm71 yj4 thjs. pa~;ata. Yor . , - t• s) Xpu may exchange -thin ProperiY for other ~ropstty of agree to buy thti •/ropert}r laxtn w +nd W water Staadar+d"MoMbly « ~ r.-• IYr value in this or any lldtdr d oiti':lommtmiues and in a. Payments in tAS amount shown on the face of this agreemeW tin. or . •siali)trcly desirable location. of before the tenth daY of.~ch,iuoplh• ThC ugpa~,bl~i~ at.a(?Y.ttt~.•:.: s ; .(b~ Mh wiU~eRtnd aU payments ma~e.bx You under this aatea will bear interest at the rate of 7~ per year. - • merit, PAVING OF YOhR STREET If yeti elect tither these ,rpmedrff.. bW4,you,atJd,t4'C. will bt Thi)_~p.~[ty. is. Dresentiy-.unimpravod. We.agree .to wmpkte - relsa~ed from any furt~er a'bliganons under this agretrtlen~ erect the paving o[ streets adjaceot_to+ your property, in accordance with there are no other privileges of cancellation or rlfuad exoepl as the plat filed in the public .records of tha county in which your; stated above. ~ - property is located. before the e»d-of the year ln,whlch your Standard " Payment Completittw Date oectln- • - ~ NO pERSbNAL LIABILITY -ON DEFAULT 3. YOUR WARRANTY DEEP You have no personal lialufity to make any payment under this (a) We will deliver to pence a properly excctittd agreement. However, if you fail to make any payment, you will be 7"ou at our ex in default and wt may terminau this agreement. Warranty Deed if yai hsve fully paid ~Qr' chi; •pFpperty •by making . ,c- Before any such'terminatiatt. lxcoittes iRFctivc.' Yo~o wittfiave a all of your Standard Monthly Paym Ithotit prepayment. ••~race perioa within which tobring your account to a current status. (b) The Warranty Dttd will convey good marketable and inwr- Thls grace period shall be for the period of ti0 days if 1096 or less able title to you, ftYe and clear of all encumbrances except for the _ of the principal amount pf the purchase price has (xen ~Qaid. 90 followia~l:-El~th IiM. tae-taum for tLs~nar ia.whioMw,oasrsy-thaE- -daysif•mone thsrr1996~eed-less?+harr4S96-eWM~pt+nofpahamount property; (2) oil, gas and mineral reservations of record, if any; o[ the purchax rice has been paid. 120 days if more than 2596 but l3) zonutg end regulatory ordinances, restrictions and eaxments less than SOryc of the principal amount o[ the purchax price has been cgmmon~? fq~lnd - in Florida iRf~ - of high • st~ntiarc~;; (4 .paid, aad JSO .days if .SO:b or tuore. of the. principal attxou,at.of the restrictions grid limitations att)ecting the use of'~the property whicft purchax price Aas been paid. arc common to the subdivision and which now or hereafter may If you bring your account to a current status by paying all past txcome of puhlic'tecord• ~ (S),t,3seplelnts for drainage, canal due papcipal and interest within the applicable grace period, you maintenance and public wit•tiEs.' - twill no longer Ix considered in default. ft` yrnr de not bring your (c) After this Warranty Deed is recorded, we will at our account to a current status within the applicable grace period. we expense have issued to you a standard owner's title policy from a may terminate this agreement without further notice. member fi: m of the American Land Title Association. If we .termiwttg.lhis.agseeu?er?6, w~ Hjll cgtaip all, p~opies You 1 d 1 Use and possession of this property will be retained until have paid under- ttua:agrtemeol. iacltidng•priltcipakarid.iaterest, as you have paid cis the purchax price in full and until we have deliv- liquidated damages becaux wt have taken this property ofI the real erect the Warranty Dted. ~ , estate market, wohave turned away other prospective purshaxrs and 4. YOUR RftiRT TO PREPAY we have incurred or "wrill be "incurring- development and other ex- penxs in connection with this property. Upon tort+nnation, any and You have the right to prepay the outstanding balance tinder all rights you may have had •in this property shall immediately ter- this agreemetl~,in,wF)o~lq qc ic1~D~j at.>ti(~}:3i(?te.wit~oil? QeliR~y~ Fa - urinate and we may return thi; property to our inventorX apd resell purposes of -t1 s paragraph ad ihonal Down Payment, i -any (as it free and clear of any claims, liens or encumbrances 3nsing out of shown in paragraph 4 on the face of this agreement). shall Ix consid- this agreement. erect a partial prepayment. Prepayment dues not. however, accelerate our obligatww •(alt•todditrer. the •Warr~wyi: Detld anJ-title irtsttrance 9: -TERMINATION - - - - - - - - _ policy to you before the Standard Payment Completion Date or (b) if this agreement is terminated, our recorded affidavit attesting to complete the paving of the streets adjacent to }-our property before to your default and the termination, shall be conclusive proof of the end of the year in which. Standard Pa~yyppcnt Completion Date such default erect termination for all purposes. and you irrevocably occurs. Howe.~er, if youdo prepays vrre will theraipon .issuer you a, • ailtftsrite us to tfius attest and record code aflRda~lt w thouglrit were certificate of payment in full. your own act and deed. S. WE PAY TAXES - 10. EFFECTIVE DATE We will pay all real propert}• taxes tin this property while this - agreement is in force or until you record this agreement or until wt .'r I11+s aBreep}ent is etfoctivt and.bindirie oft us when you have deliver yeti a Warranty Deed conveying title to the property to you. signed it and when we have signed it at our-Home Office. We may whichever first occurs- aocept•.ot.reject -this agrCtmatt.,without,-explattaKow.:'and if we _ ~ reject It. we will return the deposit to you and both parties shall be 6. YOUR TRANSFER PRIVILEGE ~ " • releaxd from any obligation hereunder. If your payments are.currcnt, we gtiarantec you the privilege to transfer (terser- equWt_jlheptaclian of;i!?oltt-P~ytwto~oo+dtispr9Ptrty-+ M II, ASSIGNMENT OF THiS AGREEMENT applied towards Dnnclpal) at any eerie before ,ypu hatge paid )-our : t You maq assign this agreement with our written consent upon outstand/ng.balaiice iQ fuU.-l'Ais transfer may betowardeidter. - payment of a transfer fee. (a) The .purchax of available property Hof egpal or higher - - • price in this or any other of our Florida commumhes, if you 12. NOTICES transfer within three years Of iht: date.ot tills agteemeny or' - ~ • • - • - 's (b) The purchax of a standard home built by us in an avail- 1Votites under this agreement must be in writing and addressed to able housing area. the last known address of the respective party, except as to the void- !f you have equjties in more [ban one lot, you may transfer ance and revocation right as provided in paragraph (d) under °Ao- them only to a islet ntimber• of othtc, lccts qr homes. knowltdgment° below. _ r ¦ ~ ACKNOWLEDGMENT Accepted at Miami, Florida by The undersigned Purchaser(s) certifies that: GENE VE ME ORPO TIO (a) 1 am of legal age. (b) 1 have read this Agreemwt a/d no additional [~atntatiogs - have been made to induce me to purchax the property described. ~t a tteartaed >poepbyee $tj(na tr a (c) t have received and have had an opportunity t0 e>tatnine ' ~ the Supplement to this agreement conlairting a statetrialt and 6rian- • - cial information required by Fadaal law regarding rt~y tight W cancel - this transaction wilLin tbrta (3) ltusirtets days ~ - - t ~ - - ~ (d) 1 UNDERSTAND I HAVE'THE OPTION TO REVOKE THIS CONTRACT IF I HAVE NOT_}ECEIVED A PROPERTY Wi REPORT pR@PARED PURSUADrI' THE RULES -AND REO- ULATIONS OF THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPME((~~""~~ 1 ADVANCE .OF,: QR AT THE STATE QF FLORIDA - - TIME OF SIGNING 7HI~ CONTRACT: f UNDERSTAND I - S3: - HAVETHE FURTHER RIGHT TO iiEVOKti THIS QUNTRACT ,COUNTY OF DADfi v WITHIN 48 HOURS AFTER I HAVE SIGNED [T IF I DID NOT RECEIVE SAID PROPERTY REPORT AT LEAST 48 HOURS I HEREBY CERTIFY that on this day. befolc me. a -Notary BEFORE SIGNING THE CONTRACT. 1 HEREBY ACKNOWL- public authorized to take acknowledgments, personally appeared EDGE AND AFFIRM BY MY SIGNATURE HEREON THAT I the person indicated as Authorized Employee above, whom 1 know r' RECEIVED SUCH PROPERTY REPORT 1 WHICH IS ALSO THE to tx the Agent of .Genetat^ t~veloplnettt,Co op,ia• the fore- - REPORT REQUIRED UNDER FLORIDA LAW), TOGETHER going Purchax Agreement. and acknowledged before me•,that he - WITH ANY PROPERTY REPORT OR OTHER APPROPRIATE executed such contract in tht name of and on behalf of .General DOCUHENT REQUIRED S}' THE LAW OF - - Deve{opmeat.Carporatiotl; that,as stxh A;e~.he is duly auYwriztd IN ADVANCE OF SIGNING THIS C'bNTRACT AND I HAVE by Genual Development CorporatioA tp,do. so. and that such Pur- READ, AND UNDERSTAND SUCH REPORTIS). chase.Agroernent is the act and.deed of General t?evtbpmerit Cor- '-3 te) 1 agree to purchax the described property in accordance potation. with the terms of this agrtmttnt, the Supplement and any duly " executed WITNESS my hand and seat"M the Ned State named abate. t _ / sEAL JAN 3~U Purclaser'a silrnatan 197.E - = _ this_date - _ - SEAL . l - ~ ; ` - ~ Y Pnrcha~r's s4tnatnn s 1 have received tht Initial Payment and witnessed the above Notary PuDlie, State nr trlwirb at Isrlrs signatures ~ ~ ~Tht~ instrument was prepared by: ~al/~ wit, Slate Honda M lr~e ' i D:~s•id A. Dohtny, Gene f104 ~a ~ - I:erK~nl De•d.•pment t~•nt~•.n Fate. Renrrenlatire General Development Cof O~ ~,w~ a ~ t I t I $oU111 BayShorc Dflve CASH Q CHECK ~ l1T,mi, Florida 33131 6URl~ 3U4 ~~E 1552