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2008-171A
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2008-171A
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Last modified
4/4/2016 12:36:49 PM
Creation date
10/1/2015 12:12:26 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
06/03/2008
Control Number
2008-171A
Agenda Item Number
8.Q.
Entity Name
Loudermilk, Michael and Sharon
Subject
Right of Way acquisition 66th Ave. expansion
Area
6875 & 6885 66th Ave.
Project Number
0370
Supplemental fields
SmeadsoftID
7044
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6 .2 Taxes. All taxes and special assessments which are a lien upon the property on or <br /> prior to the Closing Date (except current taxes which are not yet due and payable) <br /> shall be paid by the Seller. <br /> 7 . Closing Costs : Expenses . County shall be responsible for preparation of all Closing <br /> documents . <br /> 7 . 1 County shall pay the following expenses at Closing : <br /> 7 . 1 . 1 The cost of recording the warranty deed and any release or satisfaction obtained by <br /> Seller pursuant to this Agreement. <br /> 7 . 1 . 2 Documentary Stamps required to be affixed to the warranty deed . <br /> 7 . 1 . 3 All costs and premiums for the owner's marketability title insurance commitment and <br /> policy, if any. <br /> 7 .2 Seller shall pay the following expenses at or prior to Closing : <br /> 7 . 2 . 1 All costs necessary to cure title defect(s) or encumbrances , other than the <br /> Permitted Exceptions , and to satisfy or release of record all existing mortgages , liens or <br /> encumbrances upon the Property. <br /> 8 . Miscellaneous. <br /> 8 . 1 Controlling Law. This Agreement shall be construed and enforced in accordance <br /> with the laws of the State of Florida . Venue shall be in Indian River County for all state <br /> court matters, and in the Southern District of Florida for all federal court matters . <br /> 8 .2 Condemnation . In the event that all or any part of the Property shall be acquired or <br /> condemned for any public or quasi-public use or purpose , or if any acquisition or <br /> condemnation proceedings shall be threatened or begun prior to the Closing of this <br /> transaction , County shall have the option to either terminate this Agreement, and the <br /> obligations of all parties hereunder shall cease , or to proceed , subject to all other terms , <br /> covenants, conditions , representations and warranties of this Agreement, to the Closing of <br /> the transaction contemplated hereby and receive title to the Property; receiving , however, <br /> any and all damages, awards or other compensation arising from or attributable to such <br /> acquisition or condemnation proceedings . County shall have the right to participate in any <br /> such proceedings . <br /> 8 . 3 Entire Agreement. This Agreement constitutes the entire agreement between the <br /> parties with respect to this transaction and supersedes all prior agreements, written or <br /> oral , between the Seller and the County relating to the subject matter hereof. Any <br /> modification or amendment to this Agreement shall be effective only if in writing and <br /> executed by each of the parties . <br /> 4 <br />
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