HomeMy WebLinkAbout1766 • CONTRAC~ L~ RASE ~~~0 'o ~
PARTIES: Carl R. & Laura A. BOBBINS , a: •'salar",
(Phone
and James Michael WALLSR & Velva_ L. FIALLSR, his wife , as ••eurar'•,
of (Phone
Hereby egrN that tM SNler shall sNl and BuyM shall buy the followirp property upon tM following terms end conditions WHICH INCLUDE thaSiMdardsFor
ReN Estate Transaetlorts on tM reveres hereof or attached hereto, hereiMftN nfNrad ton "Stendardls)".
1. DESCRIPTION: $t. LUCie
lal Leget deecrip8on of reel esgq looted Ih County, Florida:
INDIAN RIVER ESTATES S/D, Unit 8, Block 63, Lot 90.
Ib) Strwt address, H any, of the property being eonwYed is S9A3 Hi t~knr•=s nri vga TnA i an Ri ~re,r t. Q*z*n~ .
le) Personal prppertY included:
Fireplace, stove, central air & heat unit, carpets, well pump.
ll. PURCHASE PRICE .s 94.000.OQ
PAYMENT:
l.) Oepositls) to be hNd in escrow by Florida P,3,0~ •"t~~,~ o F ~~j r['~ 500.00
in the amount of . .s
fb) Subject to ANO aswmption of Mortgage in favor of Fi rct FQGZf?ral $ ~ L
bwring interest at Q % pM annum end payable a! to principal and
interests 31$.00 F=Ti Per month, having an approximate present principal balance of . s
(e) Purchase money mortgage and nog bwring interest at % on terms set forth Mrein bNow, in the
Principal amount Of . . . . . . . . . . . . . . . .s 0
td) och.r to be paid ~ u~On acce tarice of contract s 4, SoQ~ po
fs) Balance to close, (U.S. cash, cenified or cashier's check) subject to adjustments and prorations . . . . . . . ..S 9,21 _ 94
TOTAL...t 44,Q00_00
III. FINANCING: If the purchsse price or any pert thereof is to be financed by a third party loan, this Contrset for Sale and Purchase, hereinafter referred to as
' "CorttracY', is conditioned upon the Buyer obtaining • firm commitment for said loan within days from date hereof, et an interact rate not to exceed
term of years; end in the principal amount of s .Buyer agrees to make application for, and to use reasonable dill-
pence to obtain said loan. Should Buyer fail to obgin same, or to waive Buyer's rights hereunder within said time, either party may eancN Contract.
1V. TITLE-EVIDENCE-WitAln daystromdateofContract,Sellershall,athisaxpense,deliverto8uyerorhisattorney,inaccordaneewithSgndardA,
either (CHECK) ? fl) or~(2): ft) abstrset, or (2) title insurance commitment with fee owner's titN policy premium to be paid by Seller at closing.
v. TIME FOR ACCEPTANCE AND EFFECTIVE GATE: If this offer is not executed by both of the parties hereto on or before AUK 7(Z, 1 98A
the aforesaid depositls) shall ba, at the option of Buyer, rstu?ned to him and this offer shell therwfter be null and void. The date of Contract shall be the date
.vhen the last one of the Seler and Buyer has signed this offer.
vl. CLOSING DATE: This transaction shall be closed and the deed and other closing papers deivered on the _?Q~ti„_day of ,
t 4 unless extended by other provisions of Contract.
V .1. RESTRICTIONS, EASEMENTS, LIMITATIONS: The Buyer shall take title subject to: Zoning, restrictions, prohibitions and other requirements imposed by
governmenlal authority: Restrictions and matters appwring on the plat or o[Mtwise common to the subdivision; Puplic utility easements of record, (provided said
easements are located contiguous throughout the property linos and are not more than 10 feet in width as to the rwr Or front ling and 7K test in width as to tM
side lines, unless otherwise specified herein); Taxes for year of closing and wbsequMt yeah, aswmsd mortgages and purehsse money mortgages, if any;
°the.: those of r~ord
provided, however, that none of the foregoing shell prevent use of the property for the purpose of .
v I I I. OCCUPANCY: Seler represents that tMre are no parties in occupancy other than Seller, out if property is intended to be ranted or occupied beyond
closing, the tact end terms thereof shNl be staled herein, and the tenantls) shall be disclosed purwant to Standard G. SNler agrees to dNiver occupancy of property
st time of closing unless otherwise specified bNow. If occupancy it to be delivered prior to closing, Buyer assumes all risk of loss to property from date of occu-
pancy, shalt be responsible and liable for maintenance thereof from said .!eta, attd Mall be deemed to haw accepted the property, reel, end personal, In its existing
condition as of time of taking occupancy unless otherwise noted to writing.
X. ASSIGNABILITY: (CHECK ONE) Buyer ?may assign may not sssign, Contract.
x TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions inserted herein ar attached hereto as Addenda shall control
a:l printed provisions in conflict therewith.
x I. SPECIAL CLAUSES:
This is a Rent Option agreement with the purchasers putting up $5,000 as an Option
Deposit and agree to pay $325.00 per month as rent with $162.50 per month being applied
to the Purchase Price as part of the down payment.
THiS IS INTENDED TO BE A LEGALLY t31NDING CONTRACT.
tF NOT FULLY UNDERSTOOD, SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING.
THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS AND THE FLORIDA BAR
Copyright 1978 by TAe Florida Sar end the Florida Association of REALTOR
~o
' Executed by Buyer on
WITNESSES IT recomme ) ,
(SEAL)
(Buyer)
• (SEALI
C,- f Buyer) .
Executed by SNIS• on !
WItNESSESS: fTworeeom
puired if Homestead)
X I
(lli!%LC ~ !1 NG~ ~1.~+~v'+i (SEALI
1
U Y ~~tr ~ (SEAL)
(Seller)
Oepo " • )r der 11 ( recces , i check, wbj t t_o cle _
i
By:
( scrow Agent)
ikJ•i, .
BROKERAGE FEE.- $:~I~ ' yo pay the .gistered rwI estate Broker namW below, at time of closing, from the disbursements o1 the proceeds of sale, eom-
pensation in the Prnpuryt-O r of gross purchase price for his services in effecting the sale by finding a Buyer, ready, willirq and able to purchase purwant
to the tortagoi/y'COrrtsat! 1Ast~.MverirLBuYar oils to perform and depositls) is retained, 50% thereof, but not exceeding the Broker's fp above computed, shall W 3
paid to th roRei~sis fuU°gonsWefi(tigti• roker's s ices including costs expended by Broker, aril the balance shall be paid to Seler. If the transaction shall not
be cl _ sa Sj faifp?S ~ ' dorm, a SNler shalt pay said tee in fuH to Broker demand. 9
/ ~ _ • et: _ P o rti s lsenu tsEAu
~~,'G4r~~'':=:aA E:.ri:es IJna a, 1i7i3 1 ~C (SEAL)
REV.: 7/7~ ' •
g~ ~ o.M ISNter)
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