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2016-020
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2016-020
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Last modified
2/10/2016 9:39:47 AM
Creation date
2/10/2016 9:39:47 AM
Metadata
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Template:
Official Documents
Official Document Type
Agreement
Approved Date
02/09/2016
Control Number
2016-020
Agenda Item Number
8.F.
Entity Name
Bluestar Financial Services LLC
Subject
Purchase Agreement Real Estate
Area
2606 52nd Ave.
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interest holders are not subject to tax under the Foreign Investment and Real Property Tax <br /> Act of 1980. <br /> (e) The County and the Buyers 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 <br /> prior to the Closing Date (except current taxes which are not yet due and payable) <br /> shall be paid by the County. <br /> 7. Closing Costs; Expenses. Buyers shall be responsible for preparation of all Closing <br /> documents. <br /> 7.1 Buyers shall pay the following expenses at Closing- <br /> 7.1.1 The cost of recording the warranty deed and any release or satisfaction <br /> obtained by County 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 <br /> commitment and policy, if any. <br /> 7.1.4 Current taxes which are not yet due and payable <br /> 7.2 County 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 <br /> with the laws of the State of Florida. Venue shall be in Indian River Buyers for all state <br /> court matters, and in the Southern District of Florida for all federal court matters. <br /> 8.2 Entire Agreement. This Agreement constitutes the entire agreement between the <br /> parties with respect to this transaction and supersedes all prior agreements, written or <br /> oral, between the County and the Buyers relating to the subject matter hereof. Any <br /> modification or amendment to this Agreement shall be effective only if in writing and <br /> executed by each of the parties. <br /> 8_3 Assignment and Binding Effect. Neither Buyers nor County may assign its rights <br /> and obligations under this Agreement without the prior written consent of the other party. <br /> -3- <br />
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