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Home My WebLink About0918 ~ t . C4NDIT101~lS OF' PURCHA~E ' - . PLHASE READ CAREFULLY 1, EiASiC AGREEAIENT 7. YOUR RIGNT IF WE FAII. TO FERFORM We (Gcneral Devclopment Corporation) agr$c to seU {o you~ ..If y fail.lo meN ~n~ot~ur ob~atio ,unde~ thI~ ngrecment~ (the purchase~ o~ p~irchasers named on che face pa e) the residemid you ma Nect ei~he~ ot e 1*ri e at our propcrty ilescribrd in this Furchase agrccment. Th~s agreement nlso option: V . ~tates ~he p~ice And describCs thc o~her te~ms of this purchase. 1'ou (g); You may exch~t~ge ifils propetty fOt t er Froperty ot agrec to hiiy this property from us and to make Standard Ato~thly . sim~lar value in this e•a~y oth r of ~ur com unities and in a Pnyments in ~he amount shown on the fuce of this agrcement on or ~ simila~ly Qcsir~ble loc~t?c~rttar Z~~ ~~-1 ~ beforc ihe tcnth Jay of each momh. The ~npaid b:lancc at any timo ~b} \Vc will rofund all pa~~mcnts medo by you under this agtee- will bcar interest at the rate of 7.f pe~ yta~. : mcnt. 2. PAVING OF YO~R STREET Ii you elect either of these rcmedies, bah you and we will be • This property is p?esently unimproved. Wt agrct to eomplete relcas~d (rom any tur~her obligatians u~der Ihis agreement. and _ the paving of streets ad~acent to You~ propert , jn accordan~e with there are no other qr'vileges of cancellation or refund except at tho plat filed in the publie t~cords o th~ c` in whic ~your statec~,abo r properry is loc.+ted, betore the cnd•oi the year in~l~ ypur S anda~d ~5~'~ ~ _ Payment Complcticm D,~te occurs. , . c~, 8. N~~RS NAL ~ABlL1TY ON UEFAULT You have no rsoiS'dl liat~ilit ~ to make an a ment undtr this 3. YOUR 1VARRANTY,"DEED a ~ f y~ y , agree t, eve i[,~?bp, [ail to make any pay.ment, you wid be . (a)... We will delive~ to ~u at ou~ 4~cQenu a properiy exec~ltCC~ ~n defali l~A~ teltrnidale this agreement. . Warranry Deed if you hav~ fully paid.for, this. property by making gefore any such terminati~n becomes efT~ctiva you wilt have s ~ all of your Standard hionlhly Payments without prepayment. gracc period within w•hich to bring your account to a current status. ~ (b) The Warranty Decd will cQOvey g~~~ketabi~ and ins r'~: ~ Thi gr ce n sh Il be for. the.p~ri of 60 days if 109L~ or less -able ti41~ to you, fre~ and clear o[ all ~nc'amTxantes exc2p~fds>'t~ of t~ctnc~~dt of tRt~putcd~ze price has t+een paid, 90 , folloW~ing: (1) the lier. tor taxes fo~ the yea~ in which wc convey ttie, days ~f more than IOIo and less than 2S9'o of the principal am~unl property; (2 0~1, as and mineral reservations of record, if any; af the purchase price has been paid, !20 days if more than 259'o hut - -(3) zo e~g~~di~re~t~tfitv .qrdinances. restrictions and easemcnts Iess than S0~!'o of the principal amount of the purchax pric~ has been common~r found in• ~l'orida communities of hiah standards; ~ paid. and t30 da}~s if SU"6 or rtsort of the prirtcipal amount of the restrictions and limitations afiecting the use of the property ie purchase price has been paid. ' are common to the subdivision and which now. e `e~ae,t~ay lf you bring your ac~n~, o a~~ t~ status by paying all past bzcome of public record; snd~ (S) tasements fo~t~~in~ge, canal-' do!`'~rincipal and inteTest ~~n'th~t zPP~icable grace Period. you : maintenance and public utilities. will no longer be co~sidered in default. lf you do not bring your (c) A[ter this \Varranry Deed is recorded, we will at our account to a cu~rent status within the applicable grace period, we' exp~nse have issued to yau a standard oK~ner's title policy from a may terminate this agreement without further notice. member firm of the Ame~icar~ Land Title Auociation. If• we termin~te; this agreement, we .wil~ retain all.moni~s you (d) Uce and posse~sion of this propecry wiU be retaincd until ' have paid`~+nderthis agreemeM, including`~rin:ipal and interest, as ~ you have pai~ us the purehase ~rice in full and until we have deliv- ~iquidated damagts because K•e have tal~en this p~oper~y o(i the rc«) ered the \~arranty Deed. - ~ ~ cstat~ market, we have turned away othcr prospective purchasers and ~ 4. YOUR RIGHT TO PREPAY H'c have incurred or will bt incurnng development and othe~ ex- You have the rieht to ~repay the outst~nding balance under Penses in conne.tion with this.eroF?erty. Upnn terr~~ination, any anJ - this a reement in whole or in rt at an ~ time withoeet a~~ ~~Fhts;yoU may hav4 had inlhis_property shall immediately te~- g Pa ) pe~~lty. For minatc and we may rcturn this proper~y to ou~ inventory and r~sell purposes af t`~is paragraph adJition:~l Dow•n Payment, ~f any (as it free and clear of any claims, liens or encumbrances arising out of shown in paragraph 4 on the face of this ~greement), shall be consid- this agreement. ered a pa~tial prep:,yment. Prepaymcnt dues not, however, 4cceicratc ~ our obligation (a) to deliver the ~Varranty Deed and title insurance 9. TER~IINATION . policy to you before the Standard Paymcnt Completion Datc or (b) If this agrcement is terminated, our recorded aftidavit attesting to complete ~he pavin~ of ~he streets adjacent to your pro~rty before ~o y~our default and Ihe termina~ion, shall be conclusive proof af the end of the pear in which Sta~da~d Payment Completion Date such default and ttrmination for all purposes..and.you irrevoc2bly occurs. Now•e~~er, if you do prepay, we will thereupon issue you a authorize us ta thus attest and record such affidavit as though it we~t certificate of payment in full. ` younown ac! and deed. • S. 1vE PAY TAXES ~ ~ - - We will pav all. real property, taxes un this property while this ' -10. 6~FECTIVE DATE " agreernent is in force or until you record this agreement or until w~- "~is agreement is effective and binding on us when you have - deliver you a\Varranty Deed cor.veying tide to the property to you, signed it ~and when we have signed it at our Home Office. We may whichever first occurs._ accept or reject this agreement wilhout ezplanation, ar~d if we - 6. YOl1R TRANSFER PRIVILEGE rejut it. we w~ll return the depasit to you and bc~th ~+arties shall tx rekased from any obligatior. hereunder. If your payments are•current, we gua~antee you the privilege to - transfer your equity (tFie' portion of your payments on this properry ~ ASSiGNMENT OF TH1~ AGREEMENT : applicd towards principal) at any time before you have paid your : you may assign this agrcement with our written consent upon autstanding balance in full. This transier may be toward either: (a) ~ The p~~~chase of avallable property of equal or higher . Payment of a transfer fea price in this or any other of our Florida communities. if you 12: NOTI6ES transfer within three years of the date oF this agreement; or . (b) 'fhe purchase of a standard home built by us in an avai(.'. Notices under this agreement must be in writing and addressed to - able housi~g area. _ the last known address of the res~ct:~e party, ezcept as to the void- If. you have equ.Hies in more than one lot, you may transf:r 8nce an~ ievocation right as prov~ded in ~aragraph (d) under "Aa thembnty to a like n!IR~ber of other lot~ or hortxs. . knowle~nent•' b~tow. ~ . . _ . - ACKNOWLEDGh1ENT Accepted at Miami, Florida by The undersigned Purchaser(s) certifies that: GENERA EVE OPM NT CORPORATION (a) 1 am of legal ags. (b) 1 have read this Agrament artd no additiona) rer?resentations • ~ . have been madz to induce m~ to purchase the property d;sctibed. . By: . (c) I have received and have had an opportunity to exam.ine' - , - A o*~ tor ~ re the Supplement to this ag~eement containing a statement and finan- : i~ ~ - cial infarmation requi~a! by F~leral Iaw re~arding my rijht te canul w~~. ~~-Q~ Q~~ this transaction v~•~thin three (3) businaa da» . . - : (d) I UNDERSTAND I HAVE'THE OPTTON TO itEVOKE+ ~ ~ _ THIS CONTRACT IF I HAVE NC~I' RECENED A PROPLiRTY ~ W~t~ ~ REPORT PREPARED PURSUANT TO TNE RULFS AND REG- ULATIONS QF THE U.S. DEPARTAIENT OF.HOUS(NG AND - _ URBAN DEVELOPMENT ~ IN ADVANCE OF; OT~: AT THE STATE OF. FLORI~A - - ~ 7'IME OF SIGNING T~IIS CONTRACT• _ I UNpFRSTAND' I. ' - _ 3~;. ' j HAVETHE FURTHER RIGHT 7~ R~VOKETHIS CONTRACT- COU?YTYOF DADE ' J t _ VV2THIN 48 HOLIRS AFTER I HAVE SIGNED IT IF I DlD NOT . ~ 3 RECFIVE SAID PROPERTY REPORT AT I,EAST 48 HOURS I I-IEREBY CERTIFY that on this day. btfort me, a Notary ~ BEEORE SiGNING THE CONTRACT. I HEREBY ACKNOWL- public authorized to taka acknowledgments, perso?ially appeared : _ EDGE AND AFFiRAt BY MY 51GNATURE HERGON THAT I the p~rson indicate~ as Authorized Employte abovq whom l know RECEIV£D SUCH PROPERTY RE[ ORT (~:'HICH 1S AISO THE to be thc .gge~t of Cxneral Dcvelopm~nt Corporatien in the fore- REPORT REQUIREU UNDFR FLORIDA LAW), T(7GE7"I~ER ~oing Purchast Agrecmcnt, and acicnowiedgcd before me ~that he ~ WITH ANi' rROPERTY REPORT OR OTHER APPROPlt1ATE ~zecuted such contract ia;{he. name of and on behalf of Gcncra! ~ DOCUMEN7' REQUIRED BY THE LAW OF~ ' ~ ' : Devdopment C thal~assncb Agent he is duly authorized IN ADVANCE OF SIGNING THIS CONTRACT AND I HAYS- ~ by Gencral Dev ' t do so, and that such Pur- READ AND UNDERSTANI) SUCH REPORT(S). .~chase Agra~nt. '~d nl Devel (e) i agree to purchase-the described~ property in 3cco~danet . Poration. . j~ oPma~t Cor- ~ _ ~~-t vu the te~ms _of this a t, the Supptement artd any duly ' ~ ex~tedRider•thereto. . - - _ •-i - ~ _ ~ ~ rState.~tmed above, - ~ SE~?L . - ~s - . ~ - i ~ f - Pu bascr'sabrn~wrc ~ -s~ ~l-j~ r - i ~ rn~/, / this date'~ ~ ~ . ~ v ,',G ~ ~ ~"Si l/~ i _ - - 'L - Purcbawr's slRnatnre : ~ - ` i have receiv the /nitial Pa meM and wi ~aboy ~ ~ tignatur y 1 ' i 4s ~ yk ~ aeln ~ ~,RIDA AT 1 /?Rf'E j ~ This instrumeni iv - - ^';~~XPIRES F~B. 4, 1975 - - ->lLL.~~-yt~~-C~--~ David A: , ~ E UNDERM~RITERS, INC. , ! - ~ ' -nl Ihrt6~p Cvri!w+ R SIMt RtPflclilta~IR GtMfa~ , ~ - CASH ; - CHECK~ ~ Miami~Fieri~ 33131"` •r~ } ~ ~ 90UKc~~ PAGE i~~,~