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Date_SeR~kxr 1974 _
RECEIPT is he~eby acknowleciged by ~U~ B..tiANCOCK OF FT. PIER~E,INC. Realtor, ~
a Reg~st~ered Real Estale Broke~ he?e~nafte~ calied Agent,2~02_ So~~l~___~'.~9•_ IIox 32Q5, Ft. P~BxCe,.:.~,_, •
Florida . 33450 } cash O clieck i~~ ihe sum of
~ ~ _~`~~SH4!l~I~yD- - - _ --0OLlARS ($1,.QQQ..QIx.~)
from FB.9..YI~S.. RT['~1sES.G-~nd--EA'~""1~-i! ~chbe=g,_hi S'srifPw hereinafter called ~'u~r; ~
as an ea~nest money deposit and as a part of the purct»se price on account ot ofler to purct~ase the p~operty of `
h~~reinalttr called S~Iler, PltE~TUN COLE und ~E5SIE ll. COL.E.. decaQaad . ;
sa~d property be~ng s~tuated in tiie Gounty ot_-St. .lucie: . an~l State of Florida, to w~t: .
~1 `tr~~C~ • ~ " 7 ~ c ; ~ ,
~ ~i a 4~C / l~ ~ ~ - ~c~' Ci~, . . t
Weer 45 ft. af E. 195 f. of Lot 10, Block 6~nd
East 150 ft. of Int 10, Block 6, ,TELLISON S/D as .
per plat thereof recordE~d in Plat Book 4, page 37 .
of the Pu~lic Records of St. Lucie County, Florida ~
including improvements thereon ~ t
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~ upon the terms and cond~tions as tollows: the total purchase price being ~~g~pp~}.-pp__:~_ and shall ;
. be paid as iollows: The deferred payments shall be payable as tollows: ~ x
Cash Deposit (above) ~ 1,000~00 $11,000.00 is to be secured by a_ aote aad ~escoo~~
' Cash on Closing .approx.. ~ 5,000.00 purchase moctey mnrtgage o~ sub ject property~ p~r~~
Existing Mortgage or Liens assumed ap~ 1-oflfl-o0 able in installments#}r~~/~~jd/~/~fy/~!!~~
Deferred Payments ..........approx.- $ ~ 1_ nna_nOf~,fyd/7q~1~~6r, with iatereat at 9'~ per ansu~ on th~i
• Total ; -~~~0 unpaid balance. s
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a
The Buyer is to have the privilege of making any'or all paymancs in advunce at any time i
r,rithout penalty. - _
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~ 1. Abstract-- The Seller is to fumish, at his cost, aDstract of tifle, certified to date. ~
showing gaod and merchantable title, at opi~on ot the SeTter. to~the @uyer i
or his des~gnateA attorney. wilhin_..~._,days aRer ~txs date. of acceptance Of eontract by Seller. ~
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Z. Examination of Tittc-T~me to Cure Defects---The 6uyer or the attorney shatl have_ l~days within which to examine f
;he said aDstract of litle or the title ~nsurance binder and to signity his willing~ess to accept sama, whereupon this ttansaciion shall be
conttuded w~thin 5 days. ~
In the event exam~nation of abstrad oi t~tle proves the title to be unmerchantable or uninsurable. the Seller shall hs~--220- -d~ys
w~th~n whith_to ture the des~gnated detects in-tha title that render same unmetchantable or un~nsurabte in the ~spinion of the Buyer ~
or h~s sa~d attorney, and the Seller t?ereby agrees to use reasonabte d~i~geRCe in cunng said defects, and, upon th! defe~cts be+n~ wred ~ ~
.~„d n:,i:c= o! !hat tact ~eing g~ven ta tne Buy?e o~ ~is sa:d a:tarney. this transaction shall be closed within~~days Of def~vtry , ~
ot sa~d not+ce. Upon Seiier's fa~lure or inab~t~ty to correct the unmercnantab0~ty of the title w~th~n the tinie I~mit or a reasonable t~me. ~
~ at tne ophon of the Buyer, tne Setaer shaU del~ver the trtle in rts ex~st~ng cond~tion; otherw~se the Agent. or tne Seller, ho{ding the here~r. ~
ment~oned earnest money tlepos~t shai~ return same to tne 8uyer upon demand therefor and ali nghts and I~abil~l~es on the paR o1 the
8uyer ar~s~ng nereunder st~all term~nate. Prov~tled. how?ver. that ~n tne event of a d~sagreement between-the Selter and the Buyer ~r '
' n~s sa~d attorney. as to the marketab~l~ty oi the t~tle, the Sener may offer the binder ct a reputable and solvent title msurance tompan~, (
agree~ng to ~nsure tne marketabil~ty oE said t~tle, which shall be conaus~ve that said t~tle is merchantable. Upon return of said depos~t i
under such cond~t~e~ss. the Seiler shati Yay the Agent the tee spec~I~ed hereunder or at the opt~on oi the Agent, an agreed sum no;
exceed~ng tne regutar (ee. to cover expenses mcurred. - ~
_ 3. Zoning-Restrictions--it ~s unQerstood and agreed above mentioned property is being sold subject to the ~'n+~s+g ord~nances
restr~ctions ar.d I~m~tat~ans of reca?d and pubhc ut~hty easements ol record, if any, wh~ch do not interfere w~t~ use of said propert. ~
ro~ residential . _ _ purposes ;
~dZrrB[1t - drrd t0 Bu1l~ e
: 4. Conrsy~ner-Sc1~rr :+yire~ en convey btl~~by Y_•
tree and clear ol a11 hens and encun~D?ancCS, intluding all Char~es assess~d o~ to be ossessed.fo~ publiC improvemants tommen~r.:
prior to ctos~ng. -except as nere~n otnerr,r~se prov~ded, and saM deed shall be prepared witROOt•'~ptnse to the Buye~. . -
5. Documentary Stamps-The 8uyer shall properly extcute the requirtd notes and mortgages, it any, and shall pay for tnc
documentary stamps on the purch_~se monry note and for recording the deed. Seller shalt pay for the docurmntary stamps on thr
~ Qeed. ana (or ine intang~b~e tax ana record~ng the purchase money mortgage. if any. , _ _
f 6. Closing Costs--It tn~s transaction shau be closed tnrough an ebstract otfice, bank, law othca, or any other agency than tnr.
j ~ftice oi the Agent, and where a clos~n2 or escrow charge is made, such expense shall be bome by the Party requesting
~ 7. Proration ot Taxes, ett -:+it a~~ustments of taxes. insurance premiums, interests, rents or other items on said property are
i !o be mad? on a pro ra:a bas~s as of ;~e specif~ed Ume or Cate of closmg. (I( taxes and ather items are not to be pro~jed, spec~:.
~ agreement as to such ~tems } - - - - -
_ _ _ _Possess~on w~11 be given Buyer on Closln~~_______ - ;
8. 5ur~oy--It tt~e BU;12f C25"c5 3 S::rvey ot tl~e ~r~perty, he may have the property surveyed at Ius expense pnor to ctos~•• 3
da:? If tno su~vey shows any encr~~c:i^ien;s on the land herz~n descr~bzd or tt~at the improvements located on the land here~n u: ~
s~::bed 2r.croach or. otner lar,ds Y.-~;:~~ nct+ce to that eifett shatl be g~ven the Selte~ and Seller shatl have the same t~me to rtmo.; ~
s~:n encroa~nments as is ai+owp~ ::rcr: :n~s cOniract _far ttTe cunr3 ef defects.nf tlti2! If the Seller st~au ta~~ to remove or cure s~:: ~
ercroacnmer.ts witn~n s~+d Feno6 0: : tnen the depos~t this day pa~d shall, at the optwn ot the.Buye~ Ce returned to Byyer uc; ~
_ uemana. au r:gnts and I~ab++~Ues a~~s.r.~ n~~?unc~r shali term~nate, or Buyer may, at his opt~on, ctose th~s transaction ~n tne s.+~• . ~
manner as if r.o .such Qetect hac ::ern :osn~. ' . ' ~ . . " ' _ _ - . - : - -
- 9. Termite Ctaus~Prior t~ c~s:r.g, at 8uyer's ezpense. the Buyer shall have the right to have the propedy inspected b~ .
~:censPd e~te?m~natin~ compami to r.t-:••r^r..ne wheth~f.thtR•,iS any-actrve-termite or wood•dest~y~ng or~anism In any irtlpTO~em,r:- -
on said D?oper:y, or any dam~pr ~r^~:= c•~^r terrr~te or wood~destroying organism to said ~mprovements. If ther~ ~s any such ~nfes:. ~
t,on o, din~.~r e, the Srller shaH r~ :ts of treatment and repa~r~nR and/or rep~acing all port~ons of s.~~~i improveri+Pnts which a•: .
~nlestrA ~r h.++e brcn dari~i~~~~t 1~:~.:+;~f D_ HpWEVER, in the event the costs to t~e incurreo arc ntoro than thrre t~rr~cnt (3''.1
tn~~ uurchase pr~cc. thr Se~i!e~ n:.~., !o convey sa~d property m 1ts pre~s~nt eonditmn with the pilrch.i>r I~ni'c trducrd b~ thi• ~
~nrteA costs to De incurreC. ~f s::• eft~•s ~c accepted and ag~eed to. in wnt~nE~. bv thr_ Buyrr, Or, Sc Ite~ ni.~~ d?'rl•~rr t!u. a!'~rr:~~.-- _
r~u~~ and vo~u a~d au mon~es ce:.c, :~t••d w~n be refunded. In tAe event thP Buver reluses to acCept said pmt~rriv ~n rt: ~~r~s~~nt cnnr..t:
w~~n the purc~ase pr~ce reduceJ tnr est~mated costs to bt inturred. then tne Huyer shall so not~fy the BfQRPf anA S~~ t••. ~n wr~t.•~. ~
w,;~,n __5 days. and th~s arre•ment will b~ considered null ancs v~, ~ and all monies ~epos~ted w~il be ?eturte~d. othrr~: = ~
tr~r s~:ne sr:a~i de ~n lutl force anA tn the c.ent Seller elects r.~; ta c. nveY the property tor the purchase pnce r~ --:+reA : }
rst~Ta~e : c~s:s of treatmzr.c, re^~.~s ard/or replacements. the Bro~er s'.~:~• nevertheless. be enhttrd to the feP t,• ^~.~irss::
se~v~tes ren~cred wh~ch wo:,!~ c~'-er,~~;e have been due if said sale h~d nF: ^ cc~nr.lete~
- 10_ Loss or Damage-: ~~st o' sts~ ar damage to premises t: ti-. . -t~~rrr~i5e unh~ dP~rvrry oi deed. ~s ~c~~- ' '
_ ; . • I•... 5,•~,.•r l:~rl~~er .i, lo uenvrr ;r r• nroperty in the ~~n:i• . . . ~S ~+hrn tt:~~ ientf ~ft ~S Pltecuii.
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. C(,c v~ . i3Y T}iE FLORIDJI i~~:•: !:t it)h, U R ~
BOOK ~~U PAGEz6O? ~
~ ~ ?~~~~60~ ~~7 _