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Home My WebLink About1145~'LEASE RETl1R-y T0: Treasure Coas t Ti t le ~~VARANTEE 1. EVERY HOMESITE IS A MINIMUM OF 10.000 SQ. FT. 2. A DETAILED MAP Wil.l BE PROVIDED YOU SHOWING THE EXACT IOCATION OF YOUR HOMESITE ~ 3. A PROPERLY EXECUTED WARRANTY DEED WILL BE ISSUED UPON COMPLE- TION OF PAYMENTS. 4. PREPAYMENT MAY BE MADE AT ANY TIME WITHOUT PENALTY. 5. YOUR INTEREST RATE CANNOT BE INCREASED. 6. EVERY HOMESlTE~ HAS HARD SURFACED PAVED ROAOS ADJACENT TO THE PROPERTY. ~~~~~ I~ ~~~ . 2 . x~.. . . . . . , ~~,~ ~ ^-~ ;~...,..,.,.,.r., ~'~~E A FfC R~ p ' ST~L GER~POfT~A$A. CONDITIONS OF PURCHASE ~r~,:"E~`~'~~''G PLEASE READ CAREFULLY ' ~~ . ~516-5~9 i. BA3IC AGREEMENT .]-rthur S. Powers agree to aeU to You (the purchaser or purchasers named on the feoe Pa~e) the residential PmP~Y described in thia pur- chaes agreanent. T'hia ege+eement also atatea the price and deecribes the ot6er terms oi this punl~ase. You ~~~Y ~ P~~3+ fenm us and to malce Stand- ard Moat}~ly Payanents in the amount ahowa on the hoe oi this agreement on or before the tenth day of each moath.l~e unpaid balanoe at aay time will bear intereat at ths sate speci5ed on the troat ot t6e Agree- o~t (ANNUAL PE~tCENTAGE RATE). 2. YOUR WARRANTY DEED ~ . (a) We aiU deliver to you at our e=pense a prop- edy ezecuted Warranty Deed when ywi have fully peud for thia property. (b) The Warranty Deed will convey good market- able and insunble title to you, tree and clear of all encumbranoes ezcept for the following: (1) the lien tor tazea for tlk year in which ~re convey the P~rtY: (2) oi1. 6as and minenl resernti~s of reoord. ii any; (3) sonins and regul~tory or~inanoes. restrictions and easanenta oi record; (4) t~estrictions and limitations a$ectins the uae of the property whid~ are c~oinrnon to tLe subdivisian and ~vhich now or hereafter may be- come oi pnblic raord; a~d (5) ea8ements for drainage~ canal maintenance and public utilities. (c) IIae and poaeeasion ot this property wiU be re- tained by us until you have paid ua the purchase prioe in full and until a-e have deliverEd the Warranty L)eed. 3. YOUR RIG~iT TO P'REPAY ~ You have the right to prepay the outatanding b~l- anoe under thia sgreement in whole or in part ~it any time without penalty. - If you bring your account to a cure~eitt status by paying al! past due principat ~nd it~terest ~ritbin tht applicable ~race period. you wiU no lc~ser bs om- sidered in default: If you do not brin~ your aooount to a current statua within the~applicabk gnoe pe=iod, we may terminate this Agreement without turthet aotioe. B. LATE PAYMENT CHARGE Monthly payments received by 1-. S. Pox~rs . . 20 days after due date wriU be subject to a t2.00 late charge. ~. TAXES: All teuces will be paid by A. s. Powe rs " for which Purchaser shall be billed. 5. A. NO P~RSONAL LIABILITY ON DEFAULT You h~ive no pereonal liability to make any pay- ment under thia ARreement. However, if you fail to rn~ke any pa~ment; including tases, yon ~riU be in detault and w~b may t~etminate this aRe~eement. Before any sucb: termination becomes eftective, yau ~ri11 have a~raoe period withio which to brin~ yau ~ooo~mt to a cnrnnt status. This `race per;od ~L b~ for the period of 60 days. ~ } . ~ s 'g c. _ .~.~ ~ ~::-: ~ y _- . 6. TERMINATION - If we terminate this Aureement, ~v~e will retain a11 moniea you have paid under this A~eenn~t. includ- ing principal and intenst. as liqnidated damates be- causa we have taken this property oH tLe s~eal estab market. we have turned saay other prospective pur- chasers and are have incurred or ~vill bs incusrin6 aell• inA. and adminiatrative e~cpenses in oonnection witb this pmperty. tlpon. terminatian. any and aD tithb yoa may have had in this property shall iau~nsdiately tenninate and we may r~eturn t6» praperty to wr in- ventory and naell it h+ee and cleu of aay cLiw~ b~os or encumbnnoea uisinR out of this ~RSe~esmeAt. ~ It thus A~nement is tenninated. our re~orded dd- _ davit attestinR to your default and t6e terminatioa, shall be concinsiv~e prooi ot snch defaWt and termiaa• tion for all purposes, and vou irrevecably authorize us to thus attest and recocd such a~davit as thou`h it ~rere your a~m ut and deed. 7. EFFECTIVE DATE Thia Agreement is ~[ective and bindin~ on as ~ when you have siRned it and when we hav~s siRned it at our Home ORoe. We maq aoospt o~ rsject t6is Atree- ment w-ithout ezplana~oa, and ii wro reject ik we w~l return the deposit to you and we shaU be released from any obligation hereunder. ~ 8. ASSIGNMENT OF THIS AGREEMENT ~ You may asaign this Age+eeanent with ont w=itten consent upon payasent of a traeufe~ iee. ~ 9. NOTICES , ~ Notices under this ARreemeat must be itt ~rtiting and addressed to the laat knowm addre~ oi t!r re- apective psrty. lA. FLORIDA CONTRACT The partiea age+ee that this A~e+eeinent ~hall be conatrued and irterpreted in ucordanoe with t6e la~rs oE the State ot Florid~. ~~ J't0 P~~~ + ~ ~ _ " ,~ ~-= ~~