HomeMy WebLinkAbout1508 NOW, THEREFORE, in consideration of the mutual covenants
herein contained and in consideration of the initial deposit made by
Purchaser in the amount of lot of the total purchase price, the par-
ties hereto do hereby promise and agree as follows:
1. PURCHASE PRICE: The total purchase price for
the above-described property shall be the sum of........... $
The total purchase price shall be paid as follows;
Ten percent (10$ ) of the purchase price paid
by way of deposit upon the execution of this
Agreement...........~ $
Additional depos i t of ten percent (10$ ) of
the purchase price to be paid -not later than
twenty (20) days after the execution of this
Agreement $
Approximate cash balance due and payable upon
closing is $
TOTAL PURCHASE P,RICE $
2. INITIAL DEPOSIT: The initial deposit of ten percent
(10$) ) paid upon the execution of this Agreement shall
immediately upon the expiration of fifteen (15) days -after date hereof
be placed in escrow by Seller with EARL R. NELSON, INC., whose address
is 15000 Highway 54 F~est, Zephyrhills, Florida 33599, to be held in
e
escrow by said escrow agent pursuant to the terms and provisions of
Section 718.202(1), Section 718.503, Florida Statutes, and the Escrow
Agreement made between Seller and Escrow Agent dated the day of
1980, a copy of which is incorporated by reference as
Exhibit "B" attached hereto. These escrow funds may be deposited in
separate accounts by said escrow agent or in common escrow or trust
accounts or commingled with other escrow or trust accounts handled by
or received by the escrow agent. The escrow agent shall invest the
escrow funds in securities of the United -States or any agency thereof
or in savings or time deposits in institutions insured by an agency of
the United States. Purchaser will be furnished a receipt for said-
deposit upon request to escrow agent. The aforesaid initial deposit
to be .held in escrow shal l be, released from escrow as follows
EXHIBIT A 800KJJ / PACE1499