HomeMy WebLinkAbout2603 OPTION AGREEMENT
THIS AGREEMENT made this r'r~ day of ,
1980 by and between VINCENT MUSARRA and ROSE MUSARRA, his wife,
hereinafter called the "Sellers:, and PAUL D. HENSEL and RIM
HENSEL, his wife, hereinafter called the "Buyers".
That in consideration of the covenants herein
contained, on the part of the said Sellers and Buyers to be kept
and performed by the parties, and in consideration of the sum of
TWO THOUSAND ($2,000.00) DOLLARS paid by the Buyers to the
Sellers, the Sellers do hereby grant to the Buyers the exclusive
right and option-to purchase on or before One (1) year from the
date hereof, on the following terms and conditions, that real
property in St. Lucie County, State of Florida, described as
follows:
Lot 24, Block 244, Port St. Lucie, Section 6
a/k/a 555 Marydale Terrace, Port St. Lucie, FL.
The full purchase price of the property is
$64,500.00, which amount shall be payable as hereinafter provided
if the Buyers elect to exercise this option.
If the Buyers purchase the property described in
this option and under the terms and conditions hereof, the
'i consideration in the amount of .TWO THOUSAND ($2,000.00) DOLLARS
shall be applied to the purchase price.
i
In addition, the Buyers agree to place another
l FIVE THOUSAND SIX HUNDRED ($5,600.00) DOLLARS towards the
purchase price upon the exercise-of this option.
The balance of -the purchase price of $56,900.00
~ shall be paid in the following manner:
- A. The Buyers shall assume the First Mortgage in
favor of First Federal Savings and Loan Association of Fort
Pierce at its then existing balance. The present existing
balance of the Mortgage is approximately $31,400.00.
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B. It is agreed between the Sellers and Buyers,
that the Buyers shall be entitled to immediate occupancy of the
subject premises, upon the execution of a rental agreement with
NAROLDH.coLOMnn the Seller's, wherein the Buyers shall pay a monthly rental of
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q vt ST. LUCIE. FLT 3716!
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