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2007-417
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2007-417
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Last modified
6/28/2016 1:46:18 PM
Creation date
9/30/2015 11:30:25 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
12/04/2007
Control Number
2007-417
Agenda Item Number
7.BB.
Entity Name
Michael T. Calvit,Trustee
Subject
Purchase Agreement , Recorded Deed
Area
South Prong of Sebastion River
Supplemental fields
SmeadsoftID
6713
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7 . 1 . 3 The County shall pay the cost of Documentary Stamps required to be affixed to the <br /> warranty deed . <br /> 7 . 1 .4 All costs and premiums forthe owner's marketability title insurance commitment and <br /> policy, and the environmental assessment , 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 /> 7 . 3 The Seller and County shall each pay their own attorneys ' fees . <br /> 8 . Miscellaneous . <br /> 8 . 1 Controlling Law. This Agreement shall be construed and enforced in accordance with the <br /> laws of the State of Florida . Venue shall be in Indian River County for all state court matters , <br /> 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 condemnation <br /> proceedings shall be threatened or begun prior to the Closing of this transaction , County shall <br /> have the option to either terminate this Agreement, and the obligations of all parties hereunder <br /> shall cease , or to proceed , subject to all other terms , covenants, conditions , representations and <br /> warranties of this Agreement, to the Closing of the transaction contemplated hereby and receive <br /> title to the Property; receiving , however, any and all damages , awards or other compensation <br /> arising from or attributable to such acquisition or condemnation proceedings . County shall have <br /> the right to participate in any such proceedings . <br /> 8 . 3 Entire Agreement. This Agreement constitutes the entire agreement between the parties <br /> with respect to this transaction and supersedes all prior agreements, written or oral, between the <br /> Seller and the County relating to the subject matter hereof. Any modification or amendment to <br /> this Agreement shall be effective only if in writing and executed by each of the parties . <br /> 8 .4 Assignment and Binding Effect Neither County nor Seller may assign its rights and <br /> obligations under this Agreement without the prior written consent of the other party. The terms <br /> hereof shall be binding upon and shall inure to the benefit of the parties hereto and their <br /> successors and assigns . <br /> 8 . 5 Notices . Any notice shall be deemed duly served (effective upon receipt) if personally <br /> served or if mailed by certified mail , return receipt requested , or if sent via " overnight" courier <br /> service or facsimile transmission , as follows : <br /> If to Seller: Michael T. Calvit, Trustee <br /> 650 Azalea Lane , #B <br /> Vero Beach FL 33963 <br /> 4 <br />
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