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2008-082
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2008-082
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Last modified
3/24/2016 1:51:37 PM
Creation date
10/1/2015 12:01:33 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
03/11/2008
Control Number
2008-082
Agenda Item Number
7.F.
Entity Name
Bruce and Nancy Stamile
Subject
Purchase Agreement
Area
4150 9th St.
Supplemental fields
SmeadsoftID
6929
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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 Pro-rations . 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) shall be paid <br /> by the Seller. If the Closing Date occurs during the time interval commencing on November 2 <br /> and ending on December 31 , Seller shall pay all current real estate taxes and special <br /> assessments levied against the Property, prorated based on the "due date" of such taxes <br /> established by the taxing authority having jurisdiction over the Property . If the Closing Date <br /> occurs between January 1 and November 1 , the Seller shall , in accordance with Florida Statutes <br /> section 196 . 295 , pay an amount equal to the current real estate taxes and assessments , <br /> prorated to the Closing Date . <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 Permitted <br /> Exceptions , and to satisfy or release of record all existing mortgages , liens or encumbrances <br /> 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 /> 3 <br />
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