HomeMy WebLinkAbout1320 1982, to purchase all of that tract or parcel of Land located
in Fort Pierce, St. Lucie County, Florida, and being more -
particularly described in Schedule A of Exhibit •A• attached
hereto and made a part hereof, hereinafter referred to as
the 'Property,' for the purchase price and under the tense
and conditions herein set forth. The said property is the
identical property which is leased to Purchaser under the
lease assigned to Pt~,rchaser by Assignment dated August 14,
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2. Exercise of Option. In the event Purchaser
elects to exercise the initial Option, Purchaser shall
evidence such election by giving to Seller, prior to the
expiration of_ the Option, written notice of such election,
-whereupon this_Agreement-shall-become a-contract--of--purchase -
and sale for the Property between Seller and Purchaser.
Purchaser shall transmit such notice as provided.in Paragraph
9 hereof. So long as the initial option is exercised by the
giving of written notice prior to the expiration of the
option, Purchaser shall not be required to close the Purchase
f prior to the expiration of the option period.
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3. Purchase Price. The purchase price for the
~ Property, to be paid in cash or upon such other terms as the
parties may subsequently agree, shall be One Hundred Seventy-
Five Thousand ($175,000.00) Dollars if the Option is exercised
by August 14, 1982.
4. Additional Option. In addition to the initial ,
option granted hereinabove, Seller grants to Purchaser an
additional option which may be exercised by Purchaser anytime
after August 14, 1982 through and including the end of the
term and any options of the Lease of November 21, 1978. The
purchase price for the Property during the additional option
period shall increase by the percentage of annual increase
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~~r316 P~~.319