HomeMy WebLinkAbout1026 2~= ~v Q N -rr~-~s coP y so~s33 ~ ~
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~eaipt Ier wit • Of Eer to Parc~ase aai t'oatract ~®r Saie
DATE. Dn~w~nhwr 1 ~ t 07Q -
RECEIPT is hereby acknowledged by_ LASdyERS TjTL.R INSO t?,Nr,B,•,~RP_
" ( ) cash IX ) check in the sum of_ Tve h ~ndrw~ Dollars (S 2ne_ n0 )
from 'POWERS INVESTMENTS COMPANY hereinafter called Buyer, as an
_ earnest money deposit and as a part of the purchase price on account -
of offer to purchase the property of hereinafter called Seller,
~ said property heinq situated in the
county of t. Luc a and State of Florida to wit:
LOT(S) t_t~~t2 BLOCK rnRT ST, t.UCiE
SECTION 28 PLAT BOOK
upon the terms and conditions and to be paid as follows: -
S Cash Deposit (above) The deferred payments shall
he payable as follows:
S anp~ p,a Cash on Closing
Deferred Payments: $195.78 monthly for
I S 4200.00 Purchase Money Mortgage ~
S 11• interest for 24 24 months (2 years)
498.72 months when held to
i. S 5698_72 TOTAL maturity
1. ABSTRACT - S,ITLB jNSURANCE - The Seller is to furnish, at his cost,
abstract of title, certified to date, or title insurance binder (with
cost of title insurance policy being paid far by Seller), showing good
and merchantable title, at option of the Seller, to the buyer or his
designated attorney, within 30 days after this date.
2. EXAMINATION OF TITLE - Time to cure defects - The Buyer or the - i <
attorney shall have~_days within which to examine the said abstract
of title or the title insurance binder and to signify his willingness
~ to accept same, whereupon this transaction shall be concluded within
30 days. In the event examination of abstract of title proves the
title to be unmerchantable or uninsurable, the. Seller shall have ~ 0
days within which to cure the designated defects in the title that ~
'I render same unmerchantable or uninsurable in the opinion of the Buyer
or his said attorney, and the Seller hereby agrees to use reasonable
diligence in curing said defects and, upon the defects being cured and
notice of that fact being given to the Buyer or his said attorney, z:
j this transaction shall be closed within Qn days of delivery of said
notice. Upon Seller's failure or inability to correct the unmerchanta-
I bility of the title within the time limit or a reasonable time, at the
y~~;. option of the Buyer, the Seller shall deliver the title in its existing -
condition, otherwise the party holding the herein mentioned earnest
money deposit shall return same to the nuyer upo:: demand therefor and
all rights and liabilities on the part of the Buyer arising hereunder
~ shall terminate .
.
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3. 20NING - RESTRICTIONS - It is understood and agreed above mentioned
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property is being sold subject to the zoning ordinances, restrictions,
and limitations of record and public utility easements of record, if
i any, which do not interfere with use of said property for RESIDENTIAL
purposes.
~ 4 . CONVEY~1~~$ ; ~ ~,~llez agrees to convey title by WARRANTY deed to Buyer
free and clear of all liens and encumbrances, including all charges
~ assessed or to be assessed for public improvements commenced prior to
; closing, except as herein otherwise provided, and said deed shall be
- prepared without expense to the Buyer.
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1. ' ~
',i~r~,< < 5. DOCUMENTARY STAMPS - The Buyer shall properly execute the .required
notes and mortgages, if any, and shall pay for recording the deed. J
( t,~~ Seller shall pay for the documentary stamps on the deed, and for the
intangible tax, the documentary stamps on the purchase money note and
'
recording the purchase money mostgage, if any.
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s y. 6. CLOSING COSTS - If this transaction shall be closed through an
abstract office, bank, law office, or any other agency than the office 4-
of the Agent, and where a closing oz escrow charge is made, such
expense shall be borne by the Seller.
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f t.' . _ PAUL
,A