3/8/2016 10:56:24 AM
10/1/2015 3:33:47 AM
Official Document Type
Agenda Item Number
George Tuerk, Cal Streetman, George Streetman
Vacant Land Contract
NW Corner of 82nd Ave and 21st. St. SW
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a ju <br /> COPY mosses, <br /> X09 <br /> raft <br /> t}'E 'os� <br /> 1 PARTIES AND DESCRIPTION 0 PROPERTY (° Seller") <br /> 2' 1 . SA t<IQ PU CkfASE: _ A _ (" Buyer") <br /> 3' and ) ` <br /> 4 agree to sell and buy on the terms an conditions specified below t e propert (" Property escrib class <br /> c �� ` <br /> s• Address: .' � L' <br /> 6' Legal Description : <br /> 7• 36-33- 38"001 -0040.00001 . 0 j <br /> g 36- 33-38- 00 01 -0040- 00001 . 1 ' c -: <br /> 10• 36;33- 38-00001 - 0050 - 00001 . 0 — <br /> 11 ' <br /> 12' including all improvements and the following additional property: <br /> 13' <br /> 14 ' <br /> is , PRICE AND FINANCING <br /> payable Y Y a able b Buyer in U .S . funds as follows: <br /> 2. PURCHASE PRICE: $� — <br /> Q7� by <br /> 17 ' (a) $ Deposit received (checks are rlulivsubject to clss ce) on ("Escrow <br /> , Escrw jZg5; <br /> 1W ame of Com y/ <br /> 19 signature ! Lw <br /> 206 (Address of Escrow Agent) <br /> 21 ' (Phone ft of Escrow Agent) <br /> 22• (b) $ Additional deposit to be delivered to Escrow Agent by <br /> 23' or days from Effective Date (10 days if left blank), <br /> 24• (c) Total financing (see Paragraph 3 below) (express as a dollar amount or percentage) <br /> 25* (d) $ Other: <br /> zs (e) $ �, Balance to close (not including . Buyer's closing costs, prepaid items and prorations) . All funds <br /> 27 � _ paid at closing must be paid by locally drawn cashier's check, official check or wired funds. <br /> 26' C3 (f) (complete only if purchase price will be determined based on a per unit cost instead of a fixed <br /> price) The unit <br /> 29• used to determine the purchase price is O lot 0 acre 0 square foot U other (specify: <br /> 30' prorating areas of less than a full unit. The purchase price .will be $ per unit based on a calculation <br /> of <br /> 31 total area of the Property as certified to Buyer and Seller by a Floridadicensed surveyor in accordance with Paragraph <br /> 32• 8 (e) of this Contract . The following rights of way and other areas will be excluded from the calculation: <br /> 33' <br /> 346 3 . CASH/FINANCING: (Check as applicable) �'' (a) Buyer will pay cash for the Property with no financing contingency. <br /> W 0 (b) This Contract is contingent on Buyer qualifying and obtaining the commitment(s) or approval(s) specified below <br /> (the <br /> 364 " Financing' within days from Effective Date ff left blank then Closing Date or 30 days from Effective Date, whichever <br /> 37' occurs first) (the "Financing Period'J . Buyer will apply for Financing, within days from Effective Date (5 days If left <br />blank) <br /> 38 and will time provide any and all credit, employment, financial and other information required by the lender. If Buyer, <br /> after <br /> 3s using diligence and good faith, cannot obtain the Fina <br /> within the Financing Period , either parry may cancel this Contract <br /> 40 and Buyer's deposit(s) will be returned after Escrow Agent . receives proper authorization from all interested parties. or <br /> 41 • 0 (1 ) New Financing: Buyer will secure a commitment for new third party financing for <br /> 42 % of the purchase price at the prevailing Interest rate and loan costs based on Buyer's creditworthiness. Buyer <br /> 43 will keep Seller and Broker fully informed of the loan application status and progress and authorizes the lender <br /> or <br /> 44 mortgage broker to disclose,. all such information to Seller and Broker. <br /> 45' 0 (2) Seller Financing: Buyer will execute a 0 first O second purchase money note and mortgage to Seller <br />in the <br /> 46• amount of $ bearing annual interest at % and payable as follows : <br /> 47' <br /> 4a The mort4nty <br /> ae note , and any security agreernenf will be in a form acceptable to Seller and will follow forms generally <br /> 4a acceptendrityaefor a late payment fee and acceleration at the mortgagee's <br /> 5o Buyer (_ _ ) 5elle acknowledge receipt of a copy of this page, which is Page i of 7 Pages. <br />
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