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2007-284
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2007-284
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Last modified
6/21/2016 1:36:50 PM
Creation date
9/30/2015 11:05:52 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
09/04/2007
Control Number
2007-284
Agenda Item Number
7.XX.
Entity Name
Paul H. Freeman, Trustee
Subject
Purchase Agreement Right of Way
Area
6986 8th St.
Supplemental fields
SmeadsoftID
6523
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(b) The Seller shall have removed all of its personal property and equipment from the <br /> Property and Seller shall deliver possession of the Property to County vacant and in the same or <br /> better condition that existed at the Effective Date hereof. <br /> (c) If Seller is obligated to discharge any encumbrances at or prior to Closing and fails to do <br /> so , County may use a portion of Purchase Price funds to satisfy the encumbrances . <br /> (d) If the Seller is a non-resident alien or foreign entity, Seller shall deliver to the County an <br /> affidavit, in a form acceptable to the County, certifying that the Seller and any interest holders <br /> are not subject to tax under the Foreign Investment and Real Property Tax Act of 1980. <br /> (e) The Seller and the County shall each deliver to the other such other documents or <br /> instruments as may reasonably be required to Close this transaction . <br /> 6 . 2 Taxes. All taxes and special assessments which are a lien upon the property on or prior <br /> to the Closing Date (except current taxes which are not yet due and payable) shall be paid by the <br /> 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 necessaryto cure title defect(s) or encumbrances, otherthan the Permitted <br /> Exceptions, and to satisfy or release of record all existing mortgages, liens or encumbrances <br /> upon the Property. <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 /> r ,., pd".. 1IIL ( II.Ilk .kLIICC IH.m_PurcJI aIC 11aId LIIC� � If 11 ' ILIlhuclrt < nr.it iPui . I I I,i_i ,ub .i r I I c k R lw. ,-doind, •y - 3 - <br />
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