HomeMy WebLinkAbout0174calendar year 1981 ~ including any special assessments. has been prorated bet~~een
the parties .
Upon payment by the Purchaser to the Seller of the sum set forth in paragraph
2 hereof. the Seller shall deliver to the Purchaser a General Warranty Deed in recordable
form ~ together with a commitment for title insurance policy on the aforesaid To~vnhouse
Unit 6-D of the Pines of Fort Pierce . Phase One .
The Purchaser shall be permitted to go into possession of the property
covered by this Agreement on the date of its execution bp 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 Owners' Association or individually in an amount of not less than
S48 . 000 . 00 or the maximum insurable value of the property . whichever is less .
Ad valorem taxes for 1981 shall be prorated as of the date of this AgTeement
and the responsibility for the payment thereof shall be with the Purchaser . Upon
receipt of the 1981 ad valorem tax bill. any adjustment by way of reimbursement
or additional contribution, as the case may be. will be made between the parties.
Upon delivery of the General Z+1'arranty Deed . t2:e required documentary
stamps shall be placed on it by the Seller .
Except as otherwise herein provided. the time of payment shall be of the
essence and in the event of any default in payment of any part of the purchase money
as and when it becomes due or in the performance of any other obligations, assumed
by the Purchaser in this Agreement. and in the event that the default shall continue
for a period of fifteen (15) days ~ then the Seller may consider the whole of tlle balance
due under this Agreement as immediately due and payable and collectible, or the Seller
may rescind this Agreement ~ retaining the cash consideration paid for it as liquidated
damages, and this Agreement then shall become null and void. In the event that it
is necessary for the Seller'to enforce this Agreement by foreclosure proceedings or
otherwise, all costs of the proceedings. including a reasonable attorney's fee, shall
be paid by the Purchaser .
_2_ ~ ~,~~:34~ FA~E 174
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