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2009-137
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2009-137
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Last modified
3/8/2016 10:56:24 AM
Creation date
10/1/2015 3:33:47 AM
Metadata
Fields
Template:
Official Documents
Official Document Type
Contract
Approved Date
05/12/2009
Control Number
2009-137
Agenda Item Number
15.B.5
Entity Name
George Tuerk, Cal Streetman, George Streetman
Subject
Vacant Land Contract
Area
NW Corner of 82nd Ave and 21st. St. SW
Supplemental fields
SmeadsoftID
10640
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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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