7/5/1988 - Laserfiche WebLink

Home Browse Search

CONTRACT FOR SALE AND PURCHASE THIS CONTRACT FOR SALE AND PURCHASE is made and entered into this 5th day of July , 1988, by and between ISABELLE M. BEUTTELL, hereinafter called the "Seller", and INDIAN RIVER COUNTY, FLORIDA, a Florida political subdivision, herein- after called the "Buyer". WITNESSETH: WHEREAS, the Seller is the owner of certain real property located in Indian River County, Florida`, the same being more particularly described in Exhibit A attached hereto and made a part hereof; and, WHEREAS, Buyer intends to condemn ;the above referenced property in the event that no agreement is worked out between the parties' hereto; ,and,. WHEREAS, the Seller wishes to sell and the Buyer wishes to buy said property under the terms and conditions hereinafter set forth. NOW, THEREFORE, for and• in consideration of the mutual promises and covenants contained herein, as well as other good and valuable consideration,. the receipt of which is hereby acknowledged, the parties to.this contract do.agree as follows: 1. AGREEMENT TO BUY AND SELL; Seller agrees to sell and Buyer agrees to buy that certain real property located in Indian River County, Florida, more particularly described on Exhibit A attached hereto and incorporated by reference herein, which property is approximately 148.396 acres, including easements but excluding rights of way. 2. LIENS AND ENCUMBRANCES: Seller warrants that there are no'liens and/or encumbrances on the herein described property except those appearing of record and taxes for the year 1988. I. PURCHASE PRICE AND METHOD OF PAYMENT: A. The purchase price for the property is $1,720,000.00; however, said figure is derived from a purchase price of $11,500.00 per acre. The parties agree that the price shall be adjusted based on a final survey 60 JUL 19 BOOK c; , 900