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It is further agreed that payments upon the purohase prioe of sold property shall
entitle Seoond Party to the release of such po~tion of the property as ~y be rOQuestod by it
uoon the basia aforesaid. and that payments mode from tims to time to secure the relea8e of par-
tioular portions of saId property sooll apply upon the neU maturing paY08nts dUEl upon the prinoi-.
pal of said ~ortgsr.e as evidanoe by said notes.
Seoond Party by.rees thnt witbin Ten months froD the date of the delIvery of smd doed
it will ex~end not leFs ~ha~ Twenty fivo Thousand Dollars ($25.000.00) for improve~ents upon said
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premises.
It is understood toot that portion of said property west of Hibiscus Avonue hos 1Jeen
platted and said plat plaoed of reoord in St. Luoie County containing cortain restrictions. It is
under stood that Seoond Party has the right to rep1at.said property and to plat the remaining
portion of said proporty in any praotioal m8nneT suitable to itself and which will not doterio-
rate the "SlU9 of the property, provided. however. that before ado!>ting or rocordiny. said plat
the saMe shall \sa sub~i tted to }'ivst Party for i t....s approv-l. and jl.irst Party agroes to grant
its approv~l thereto. In the evont of the failuro of said port1e6 to agre9 u!>on eoid plat show-
ing said pro~osed plan of subdivision, it is afreod that the same sholl be sUVmitted to A. V.
Taylor of Cleveland, Ohio, a8 arbitrator. for his dooision, or in the ovent of his failure or
refusal to act to such other oember of the Cleveland Real Estate Board a8 shall be agreed u~on
by tho parties, or in the o,"ent .of' their fai111re to agreo wi thin ten days such ~ember of the
~leve19nd ~eal Estate 30ard shall be choson by the presiding Judge of the Court of Common Pleas
of Cuyahoga County, Ohio, and the decision of suoh arbltratr ~ shall be binding u~on the parties
horeto snd the signat.re of saoh &rbitrator upon said plat as InprovAd by Raid arbitrator shall
be accepted in place and instead of tho signature of ~irst Party.
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It is understood snd agreed ti~t ?irst Party is now and hos fer se,"era1 weo~s past
been in negotiation with H. .q. Riohardson of :acksonvi11e, Florida, uith the view of purchasing
the.abovo described !>roDorty, and First Party reserves the rlpht to cloBe a contract for the sale
of Baid pro~erty with said Richardson, and that ?irst Party sts11 until A~gu8t 21, 1924, .for the
negotiations and closing of such a sale ar4 in e\ent that such sale is c!.osod within said time
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then thio contract is to be null and void and said First Party shall return to ~econd Party the
One Thousand Dollars hereinbefore ~entionod, and both said parties shall be acquit of any rights
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of any k~nd or c1ai~ for daMeres in any mannor whatsoever.
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First Party sgrees that it will furnish Second Part~ a survey establishing the lines
'~~ of soid property and that not later than thirty (30) days from the date horeof it will deliver
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.~{ its said doed and abstract to Second Party and Second Party shall hove ten (10) days therdafter
.~f(\r the examination of said abstract and other necessor:: instruments. (As 8 pert of the whole -
':t<.:... consideration of this contract it is af:rood to pay all addi tional suo of $5000.00) for tho services
legal or otho1"Wise;;rond&red:bt B.S.Pord.ln the n880tlation~8nd::ol081n~~of this.oop'rtict:abdrsllae
~~ is to be paid to l~r.?ord.) This af:ree~ent Shall be binding uoon tho successors and assigns of the nar-
",j tloaJloreto.!~: :'lIT!:::~~ .1!E;::-:O?, the parties hereto haye herounto set their hands and seals aslof"
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the day and yeor first above writ~en.
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. Se'll "-"
j Th6 Vero Roachi
{Deva10pClent CO" i
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~8l of\
I i!~Kee-- \,
~exton
and Co. I
TtE VERO 3~~,C'{ D::"I.sl0P~::;:::T COHi'AUY
this Har. 2. 1925.
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3Y S. 9. lord, Pres.
Her08n R. Zapf, ~ecy.
l!or.:ee-~exton Land CO::lpany
BY ~ G. MoKee, President.
~8ldo E. Sexton. Sec.
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P. Cirouit Court)
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.Affidavit'"