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CONTRACT FOR THE PURCHASE General Development Caporation
OF LAND RIDER tttt South 8ayshore Drive Miami, Florida 33131
Telephone: (305) 350-1200
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PURCHASER(S)
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Last fusl M~O:fe Imtw~ M~ss N4s Mr 7:tIC
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- ~ ~ :t LaSt _ _ _ - F.rit . _ _ - . . . . . MbaE Ind~al M~ss Mri Mr T~tle
OESCRIPTION OF PiiOPERTY: Residential smgle family homesite
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t on~ , Blotk Uo~t a~Yd,tNn SeccWn Naroe ot S~oO~.~s~on
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This Rider is incorporated into and made a part thereof by reference of the Contract tor the Purchase ot
Land to which this Rider applies and a1t applicable provisions contained therein shall apply with full force
and eftect as completely as ii set forth fully in this Rider.
General Oevetopment grants to you the Purchaser(s? one ot the followi~g selections as additionai ~
r contract rights upon the purchase of your property. ~
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SElECT10N 1 SELECTION 2 ~
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SIX MONTH INSPECTION AND REFUND ( HOME BUILDING CREDIT ~
Ge~eral Devetopmenl grants you the Pur- ! General Devetopment grants to you the Pur-
chaser(s). for a period of six (6} months from the ! chaser(s) the righl to receive a down payment -
' date General accepts your Contract the right to ~ credit toward the purrhase of a General Gevetop- " i
obta~n a full retund of al! monies paid by you ~ ment home. upon the following ±erms and condit~ons !
'1 ' pursuant to your Contract. sub~ect to the follow- ~ ~ This Nome Bu~lding Credit may be used com- ~
mg terms and conditions ~ mencing one year from the contract acceptance
date of your Contract for the Purchase of Land. /
t You may cancel your contract un~er this pro- 2 Your home down payment cred~t shall be
gram only atter compleUcn of a~cmpany as foHows +
guided tour of the community ~n which your After Year One 5 500 ~
property is located ~ After Year Flve S 75Q ~`•J
~ 2 Purchase:s may not be able to inspect the~r Year Six through Ten 51000 ~
~a own indiv~dual parcel. s~nce the ImF+~vements , Each year commences upon the ann~versary of
to the parcel may not be completed lmprove- ; your contract acceptance date (
ments are ~ot obligated t~ oe completed to a •3 This credit can be applied toward the do~Nn _
t_ lot until the end of its devefopment ysar ~ paymeni on any Gererat Devetopment home ,r, ~i
~ ! any General Development community - ;
i 3. Any purchaser name~i on the Contract to? the i
Purchase of Land may take the guided tour oi ~ if you decide to sell your homes~te or ass:gn ,
- the community and execute the request for Y~~~~ ~nte~est in the homesite to someone else
I - refut~d form or acceptanre torm Such an elec- the c_:redrt may be transfe?red ~
' = tion witl bind atl pe~sons named on ihe contract. ! 5 Tne cred~t can be used as a down payrnent
i - cred~? only wnen conventional financ~ng or
~ 4. Written notice t~ Generai of an efecti~n to cash ~s use~ on the p~zrchase of a home.. ~
~ cancel your Contract must be given on forms 6 Only one credit per home may be used as a
€ ' provided by Generai at ihe community, upon down payment credrt. rega:dless of the num-
€ your eompletion of a company guided tour o'. ber of these !iders entered into.
; the community in which your property is lo- , 7 This c.edit is valid only when the Contract for .
t cated. the Purcnase of ~ared descnbed on the face of
~ , this R~der ~s in g~od standing.
° 5 Atl payments urder your Contract. mus, ~e
y current and not in default. ~ 8 Thls Home Buitding Cred~t cannot be used in
~ • addition to a,~y other General Developrr~ent
6. Your right to a refund is personal and canndt ; discount program.
~ be exercised by any agents on your behalf. ~ 9 This cred~t becomes void at the end of ten (10) ~
i years from your Contract for the Purchase ot
~ 7 Refunds witl be mailed within thirty (30) days Land acceptance date. -
~ to Purchasers who elect to cancel their Con- {
`f~ tract after written notice to General of an I 10. It you wish to build your home before your fot ~
~ is tully developed and before final payment has
election to canceL ~ ' ;
I been made, you can apply this credit to a
_ I Generat Development home to be built on
~ 1(We) select the Six Monih Inspeciion and ~ another General Development lot. ~
~ Re(und program and agree to the terms as set I(We) sele~t the Nome Building Credit and
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~ forth above. A J~ ag~'ee to t ter s , , orth above /
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. ~ ROGER POITRAS ,
~ . CLERH C!9CU11 CGU~T r; _ ~ l ?
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Y AcceG~ed at M~am1 Flonda by GENERAL DEVEIOPMENT CORPORATION 1
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a By Date ~ U Y ~ ,1 ~ ~ 1 ~ ~i
~ Autho z d mployeeS+g ature
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