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2007-074
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2007-074
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Last modified
5/5/2016 12:46:10 PM
Creation date
9/30/2015 10:37:28 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
02/20/2007
Control Number
2007-074
Agenda Item Number
11.I.1
Entity Name
Capital Trust Company of Delaware Trustee of Irvin Basil Keller
Individual Retirement Trust u/a/d October 4, 2003
Subject
Purchase Agreement parcels 104 & 105
Area
74th St.
Supplemental fields
SmeadsoftID
6192
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(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 prior to closing . <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 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 , orto 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 /> CADocuments and SettingsVwehb\Desktop\Robert W ebb\so66thaveprcject\74th ave 12th to 4th\Capitaffrust74thave Purchase Contract.doc - 3 - <br />
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