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bUIy IMAC; I FUll bALC AWU rUHt-IIAbA 11 Jl/U-DO
<br />a7iE8: bra(.'e "I 7e; 1d11II'cn OL Vero neacn, riorlOa, a non-prorir gQaorauon -'Seller")
<br />or c o Andrew B. Pike - .105 15th Ave., Vero Beach. FL 32962 JPhone569-3228 ),
<br />ted Indian River County , 1••Bgver'•),
<br />rt (Phone 1
<br />hereby agree that the Seller shall sell and Buyer shall buy the following property ("Property") upon the following terms and conditions which INCLUDE the
<br />Standards For Real Estate Transactions set forth on the reverse side hereof or ati.0-d hereto ("Standardls)").
<br />1. DESCRIPTION: (a) Legal doscrlptlon o/ Property located In' Indian River County, Florida:
<br />ants 1. 2. 8. 9- 10. 11. 12. 13 and 14. Block 37. Oriainal Town o aro (naw Citv of Vero
<br />(b) Street address, if any, of the Property being conveyed is Luo 1 / Cn AVe. , Vero peacn, m
<br />(c) Personal property ("Personalty") included:
<br />none
<br />If. PURCHASE PRICE: ...... .......................... ................................$ 385.000:00
<br />PAYMENT:
<br />(a) Ueaositls) to be held in escrow by in the amount of , . , $ none
<br />(b) Subject to AND assumption of Mortgage in good standing in favor of
<br />having an approximate present principal balance of ... S none
<br />(c) P.rchan money mortgage and note bearing interest at % on terms set forth herain below. In the
<br />principalamount of..........................................................5 none
<br />Its) Other $ none
<br />_
<br />(e) Balance to dose (U.S. enh, LOCALLY DRAWN certified or cosher's check), subject to adjustments and prorations .. S 70 7., UUI. • U3'
<br />Ill. TIME FOR ACCEPTANCE; EFFECTIVE DATE: If this offer is not executed by all parties, and the FACT OF EXECUTION communicated i- : ,.•.., . -.
<br />:,legrephically between the parties on or before ,hIIle 1, 198$ ,the aforesaid deposits) shall be, at option of Buyer, return u c
<br />and the offer thdrawn anp Qeemed null andvold. Tha date of Contract ("Effective Oate") shell be the date when the tut one of Seller and Buyer has signed this otte
<br />IOt a pliCable
<br />KV. .a., :.,..
<br />conditioned upon the Buyer obtaining a firm commitment for said loan within days from Effective Date, at an interest rate not to exceed
<br />term of years: and in the principal amount of $ . Buyer wiWmake application within days fectrve Da' • r
<br />aasonable diligence to ootain said loan. Should Buye?fail to obtain same or to waive Buyer's rights hereunder within ,either perry may pricer
<br />(b) The existing mortgage described inParagtaphli(b)above has (CHECK (1)or(2)):(1)0 int R(2)Oafixedinterestrateof_
<br />,r annum. At time of title transfer some fixed interest rates are subject to Incre '
<br />ncreased, the rate shall riot exceed % per annum. t. iter sire•
<br />within days from Effective Date, famish a statement fr rtgageas stating principal balances, method of payment, interest rate ai.d Status of ,rtr.agr
<br />..Buyer has agreed to assume a mortgage hic e4.approval of Buyer by the mortgagee for assumption, then Seller thall promptly obtain and delrve. a Buv«
<br />all required,, pllcstions end 8 diligently complete and return same to the mortgagee. Any mortgagee charge riot to exceed S sh".l :
<br />paid 112 by Salter a Buyer• If the Buyer is nottippepted by mortgagee or the requirements for assumption are not in accordance with the term, Co..tra :
<br />or mo as a charge in exceu of the stated,aginunt, Seller or Buyer may to
<br />Contract by prompt written notice to the other party unless ,e +arts
<br />V. TITLE EVIDENCE: Within_daYI 4RveWW& shall: at Seller's expense• deliver to Buyer or Buyer's attorney, in ace snce witr
<br />andard A. (CHECK (U or IV: (1) O abstract of title OR (2) U title insurance commitment with fee owner's title policy premium to be paid by Salle, at closing -
<br />VI. CLOS'1GDATE: This transaction shall be- sod and the deed and other closing papers delivered on the 3rd dayof October ig 88 -_
<br />unless
<br />extended by other provisions of Contract. - - - -• — — - -
<br />VII. RESTRICTIONS; EASEMENTS; LIMITATIONS:*, -The Buyer shall take title subject to: Toning, restrictions, prohibitions and other requirements imposed b -
<br />govemmental authority; restrictions and mattbrs appearing on the plat or otherwise common t0 the subdivision; public utility easements of record 0000ODOOL.,
<br />taxes for year of closing and subsequent years; assumed mortgages and purchase money mortgages, if any; other: none
<br />• : Provided, howeve. •iat there
<br />exists at closing no violation of the foregoing and same does not prevent use of Property
<br />the fact ano terms thereof shall be stated herein, and the tenent(sl shall be disclosed pursuant to Standard F. Sell o rot. .y at bane -
<br />:. closing union otherwise stated herein. If occupancy is to be deliver uumas all risk of loss to Property and Personalty from date M
<br />occupancy,ehas he re n - t ereof from seid date, and shall W deemed to have accepted Property and Personalty in theta existrn,
<br />.X. ASSIGNABILITY: 4CHECK 11) or (2)): Buyer 11) M may assign OR (2) 0 may not assign Contract.
<br />X. TYPEWRITTEN OR HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions inserted herein or attacned hereto as addenda shall control ar
<br />printed provisions of Contract in conflict therewith.
<br />XI. INSULATION RIDER: If Contract is utilized for the sale of anew residence. the Insulation Rider shall be attached hereto and made part hereof.
<br />KII. SPECIAL CLAUSES: (See Addendum attached hereto and made a part hereof by reference)
<br />T14IS IS INTENDED TO BE A LEGALLY BINDING CONTRACT.
<br />IF NOT FULLY UNDERSTOOD. SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING.
<br />THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS AND THE FLORIDA BAR.
<br />Approval does not constitute an opinion that any of the terms and conditions in this Contract should be accepted by the parties in a particular transaction. Terms
<br />and conditions should be negotiated based upon the respective interests objectives and bargaining positions of all interested persons.
<br />" Copyright 1985 by The Florida Bar and the Florida Auoc_ation of REALTORS, Inc.
<br />WITNESSES' (Two rem no ad but NOT required)
<br />IPJDIAN RIVER COiINlY Dat..
<br />(Buyer)
<br />BY: 3/ Date
<br />WITNESS S: (Tis re •d, (B"ye" APPROVED: 5-31-89 r..
<br />Admin GRACE I1Tr mpm CHURCH OF VERO BEACH, Dat,
<br />Legal (J -2 Seller nn 1UPIDA
<br />BV _ ,J t7fE. `4 I Date
<br />5 -as �118TAn3rew rl eciiai�MULing Lo=lt ee
<br />Deposit(s) under P r r re Five a other i an caw. hen subject to clearance. By: (Escrow Agen
<br />BROKER'S FEE: (CABLE)
<br />Q (IF A LISTING AGREEMENT IS CURRENTLY IN EFFECT).
<br />OR Seller agrees to pay the Broker named below, including cooperating subagents named, according to the terms of an existing, separate listing agreement;
<br />O (IF NO LISTING AGREEMENT IS CURRENTLY IN EFFECT):
<br />Seller agrees to pay the Broker named below• at time of closing, from the disbursements of the proceeds of sale, compensation in the amount of (COMPLETE
<br />ONLY ONEL__%of gross purchase price ORS for Broker's services in effecting the sale by finding a Buyer ready. willing and able t
<br />purchase pursuant to the foregoing Contract. In the event Buyer fails to perform and deposit(s) is retained, 50% thereof, but not exceeding the Broker's fee abov
<br />provided, shall be paid to the Broker, as full consideration for Broker's services including costs expended by Broker, and the balance shall be pard to Sever If the
<br />transaction shall not be closed because of refusai or failure of Seller lio perform, the Seller shall pay said fee in full to Broker on demand. In any litigation arising
<br />taut of this Contract• concerning the Broker's fee, the prevailing party shall be entitled to recover reasonable attorney fees and costs.
<br />PETER M. BELTPELL E -- • _--
<br />(fir oma oI Broker) ^ (name of c
<br />yv. NA.t &O I RAd yl,T — EXHIBIT °A°
<br />(authorized signatory)
<br />SAID CONTRACT IS ON FILE IN THE OFFICE OF CLERK TO THE BOARD
<br />IN ITS ENTIRETY.
<br />33
<br />MAY 311988 mny.
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