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HomeMy WebLinkAbout0345 - • • • • t : ~ ~ DEPOSIT RECEIPT AND •CONTRAC~ . ~ ' ~ - ' ' ' F01~ PURCHASE ~iDi SALE ' - ' ~ PHILIP A. HOEP'FNER and MARIE'HOEFFNER, his wife, of. Fort Pierce, Florida-(461-7017), hereinafter called "SELLERS", and WOODROW S. sAFRIT, as Trustee, of Fort Lauderdale, Florida (491-7232), herein- . after ca~.led "BUYER', hereby agree- that th+~ Sellers shall sell and ..the Buyer shall buy the following described property upon the terms and conditions hereinafter set forth.' ~ - l. LEGAL DESCRIPTION:-Real property located in St. Lutofe~County, - Florida, to~wit: The East 1/2-of the followinq•described property: . ' In Section 24, Township 35 South, Range 39 East. Begin at ~ ~ ~ the Southwest corner of the East XalP (E 1/2) of the-South- • west Quarter (Sw• 1/4) of the Southwest Quarter (SW 1/4) run ' North along the•West line 63,5.74 feet, more or less, to the • •Southerly right-ot-way-of Okeechobee Road; thence Northeast- - • erly along Road x~.ght••of--way 300 feet; thence South with West line of East Half- CE 1/2) of the Southwest Quarter (SW 1/4) . of the Southwest Quarter (SW 3/4),746.91 feet, more or less, to South Section line; thence West along Section line 281,27 feet, more or~less,, to Point of Beginning. Containing ~ acres. AKD: . . In Section 24,•Townahi}~ 35 South, Range 39 East. From South- west corner of East Half (E l/2) of the Southwest Quarter (SW 1/4) oP the Southwest Quarter (SW 1/4),,run North 635.74 feet, more or less, to South right-of-way of Okeechobee Road; • thence Northeasterly along Road right--of--way, 300 feet; thence • Southerly 21.26 feet for Point of Beginning; thence Northeast- . erly 219.32 feet; thence Southerly-255.54 feet; thence Easterly 164.59 feet='thence North 315 feet to•said Road right•of-way; ' thence I~ortheasteriy 10.63 feet; t`~ence Southerly 866.84 feet to South Section line; thence West on Section lime 380.33 feet; , thence North 725.65 teat, more or'less, to Point of Beginning. Containing 5.88 ac:tes . - - I - ' -LESS AND EXCEPT 1.08 acres with 175 foot frontage on Okeechobee Road, presently owned by Dave Talker. See-Exhibit 1 for reference. F 2. PURC~IASE P12ICE: The fatal purchase price is the suaa . of TWO HUI~RED ZWEtVTY--FIVE TI~ilSAI~ID DO~.L~1RS - $225, 000.00 • DF~06IT: FIVE THOU5~1?W DOLIARS, to be held by • ' ' $ 5,000.00 FEE NYX~IEY MORTGAGE AMID MOTE: ~ •In the total sun of $159,750.00 RQpayable-over ten (10) equal anr:ual i;.a:tallments . ••'I~~O Q~~ 20 tint 8~ 52 of principal six'( interest, commencing one year . frecn closing at 8-1/2$, ~ with right tp prepay not - . f u. E r R Ht «c o~-~u • sr.~ucrc cc~r+r•r.~ t to Proceed 29$ of purchase price In the year of sale= ROGER P^IT~i~cS ..thereafter,' full, right tO prepay Wltht~llt penalty. Or ` CLEfd{ CtRCUir ~~^L'~tr Q restriction. - , _ a~~~: ~g AT CtA6ING; $ 60,250.00 . 3. •T'Il~lE FOR A~TANCE: If this contract is riot executed by Sellers and Buyer on or before I~ovenber '21; 1978; the afaresaid deposit shall be, at the option . of the Buyer, to and this Agreement shall .be :null and troid. The date of contract, fcr purposes' of perfonananoe, shall be regarci~ed as the date ' - 'K ~ ~ aU~OX J`tl . PAGE aiY~ - -