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I B. P. FIfC",ORD 3T At.
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B. D. BOATRIGIlr.
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OPTIOll
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THIS OPtION, Made thi8 23rd day of February, 1926, by and bet.een B. D. Boatright
hereinafter termed the Purohaser, and B. P. Pltohtord and J. J. Pltohford, and Kate A. Pitohford,
hle wlfe, hereinafter termed the Owner, Wltnesseth:
THE Owner. for and in conoideration of the sum of Five hundred dollars ('500.00)
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Dollars to s6id Owner in hand paid by the s6id Purohaser, the reoeipt of whioh 1s hereby ao-
knowledged, does hereby ~gree to sell and oonvey by a Food and suffioient warranty deed, free
from all encumbranoes, for the prioo herelnafter stated, the following desoribed, land. together
with riparian rights appurtenant ther.to, sit'late in St. Lu01e County, Plorida, to-wit.:
THE south 221.1 feet, measured on the ooean front, of Gov't. Lot I, Seotion 24,
Townf!h1p 37S, Range 41S, and the liorth 289.6 feet of Gov't. Lot 3, Seotion 24, Township 37S,
Range 4lE. also measured on the ooean front.
It is understood that these naroels of land are
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adjoining and run through to the Indian River, and'l~clude full LitorAl and Riparian rights.
The depth fron ooean to river is 400.2 feet on the north and 585 feet on the south. All dl-
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mens ions are taken from survey and plat made by Frank E. Englar, dated January 16, 1~25.
(THE Baid PuroMser shall 'Pay to the said Ovmor, the further Bum of $ 14,250.00
dollars for sa id property on or before tho ~3rd day of ~~ay, 1925J which sltall be in full con-
sidoration for the purohase of suld land. Said purohase price to be paid as follows: $ 3,7EO
in oash on delivery o~ deed and the baianoe in defe~red payments as follows:
95,000. payable June 1st. 1926
~5,OOO. " n n 1927.
~IP Purchaser desires to pay cash, then the total consideration shall be
$13,000.00 net.l
Said deferred.paynents to be evidenoed by promissory notes, .bearing 8 per cent intorost, and
secured by mortgage on said land.
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T~ Owner agrees to furnish to the ?urchaser on request at any time before the
expiration of this Option, an abstract of title to the above land, showing good merchantable
ti tIe in the Owner, and the Purchaser or his Attorneys shall havtl the p 8riod of ten days a f',.. .
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deliverJ of said abatraot for purpose of passing on the sane.'
( IF tbt said Purcr~ser shall not exercise the option of purchase herein given
on or befo re the date above stated, then this contract shall be null and void '0 nd Baall be
binding on neither party and the Owner shall retain any amount whlch )as been paid him as
liquidated damages.
, TIn S oontract shall be binding on and en'lre to - th e beneH t ~ the heirs, es-
ecutors, administrators, and assigns of the respactive parties hereto. )
III 'lfITl1E~~ "~;::EOF. we have hereunto affixed our narras and seals on the day and
Charlotte H. Helli6r
W
~. B. Tn ton
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J. J. Pitchford
(SEAL)
( ~ZA!.)
( SIaL)
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year flrst above writtdn.
Signed, s80led anddeliv~red in the presence of:
B. P. Pitchford
Kato A. Pitchford
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Stat, of Florida
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County of St. Luoi.
Before me. 8 Ilotary Public in and for said State and County, personally C8me
J. J. Pltohford and Kate A. Pitohford, bio wife, and B. P. Pltohford. to me well known and known
to be the persons named in the foregoing Option, and they aoknowledged that they exeouted tho
S8me fo r the
In WITlrESS W
23rd d8Y of Pebruary, 1926.
e hereunto set my hsnd and affixe~ my offioial seal the
l~y comnlss1on eXIJ\ree
~ B.TU ton .
Notary Publio, St8~; of J'Iorida.
( SEAL)
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