HomeMy WebLinkAbout0855 Further. it is understood and agreed by the parties that Purchaser may, upon
giving at least thirty (30) days written notice to Seller , request delivery by Seller ~of
a General Warranty Deed conveying the subject real property to Purchaser, their
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successors or assigns. subject to either of the following conditions having been sans-
fled at the time the request is made of Seller:
(a) Purchaser shall have elected m assume the existing above-described {
first and second mortgages at First National Bank and Trust Company of~Stuart. Florida,
at the interest then prevailing at the time request for the Warranty Deed is made and
shall otherwise have qualified with the Mortgagee for assumption of said mortgages
and paid all costs and fees associated therewith; or
(b) Purchaser shall have tendered payment in full. including any pre-
payment penalty , for satisfgction of the said first and second mortgages .
Upon either of the foregoing conditions having been satisfied, Seller shall
deliver in recordable form a General Warranty Deed to the Purchaser , their successors
or assigns, subject only to: (a) taxes for the year of conveyance. if not paid. (b) the
above-described first and second mortgages. if not satisfied. and (c) those matters
set forth in the title insurance commitment or binder heretofore furnished by Seller .
Purchaser acknowledges that as of , or prior to , the date of this Agreement for
Deed. they have received a commitment or binder from a title insurance company
authorized to transact business in the State of Florida , evidencing good and marketable
title in Seller and Purchaser agrees that no further evidence of title shall be required
of Seller .
Further, Seller warrants and represents that there are no special assessments
pending or due with respect to the above-described condominium unit nor is Seller
aware of any damages which have heretofore occurred to the condominium building in
which the subject unit is located which would subject the said unit to a special assess-
went for repairs .
The Purchaser shall be permitted to go into possession of the property 'covered
by this Agreement on the date of its execution by all parties, and, shall assume all
liability for insurance , taxes and maintenance from and after that date . The Purchaser
agrees to maintain the exterior and interior of the residence in good condition and to
maintain fire and extended coverage insurance on the improvements through the f
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