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'ST. L,UCt~ ILED
COUN7Y. FLA:
IN THE CIRCUIT COURT OF ST, LUCIE
COUNTY, FLORIDA.
CASE N0. 80-622-CP
PROBATE DIVISION
'81 FEF I1 PN I?: I C
RU~~l~i~ i';.I i itaS
CLERK CIRCt11T G'~UI~ 1
IN RE: Estate of
GERALD J. CONCANNON,
Deceased.
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PETITION FOR LEAVE TO SELL
The petitioner, Muriel Concannon, respectfully shows:
1. Gerald J. Concannon died intestate on September 29~
1980 and petitioner was appointed personal representative of his
estate on January 12, 1981 with the written consent of all of de-
cedent's heirs at law being filed with the court. Petitioner deems
it for the best interest of the estate that the following property
of the estate be sold:
Lot 3, Block 505, Section 10, PORT ST. LUCIE,
according to the plat thereof as recorded in
Plat Book 12, page 49, 49-A through 49-G, of
the public records of St. Lucie County, Florida.
2. The house situate on the above described property was
partially completed at the time of decedent's death. Decedent
purchased the lot, designed, financed and built the house solely
for speculation and im~-ediate sale in the course of decedent's
business. With the house partially completed and upon decedent's
death, the financing institutio*~ agreed to extend the time for
completion to give the personal representative of the estate an
opportunity to complete the house and obtain a purchaser therefor.
3. The house is substantially completed at this time and a
bonafide contract for sale and purchase has been entered into between
the personal representative, as seller, and Barbara Moran~ as
purchaser, for the total purchase price of $41,900.00, with the
purchaser to assume the first mortgage of approximately $28,400.00
and pay the balance between the first mortgage and selling price in
cash. A copy of the contract is attached hereto and made a part
hereof.
It will be to the best interest of the estate to sell said
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property at this time. It Ys proposed that the net proceeds*from the
* Net proceeds are defined as those fumds reuaining after all costs of caistruction
have been paid aaud release of liens obtained, and including all oosts incident
to tt~e sale of the subject property. gOrjKJ~B PdCE~89
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