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<br />JiJiV 12 '��J0
<br />BOOK 80 F,i-,E 66
<br />CONTRACT POR SALE AND PURCHASE
<br />PARTIEst ROBERT—G-. BAGALEY, PAUL L. LUCAS, ROY A. IiOGAN,, and JAMES J. HESSEN
<br />of r li F10Ri h7PStY
<br />of 184n 2 e t Vero Beach -epr "r 1.
<br />hereby agree that the Seger shall sen and nryer shad by IM InAhwing real prnnerty FTteal Prop V) and persnnal rWnmIy (' c k tiodSP Vfib %o6t the Ionowin
<br />leans and Cal 11" which WCLUDE the Standards b Real Estate Transactions printed on ere reverse or allaehed ("Slendard s ") `�! jr T%lNs(i nL
<br />L DESCRIPTTONt(alLegal desedptindFlow .preperylocated in Indian River Caltnty.Flo,ida ZNEICpRtG,NAL 1� ww {�L�ERK
<br />(b) Street address, coy. ZIP, or the Property Is
<br />(c) Pamormity: NONE
<br />XPURCHASE PRICE ..................9.1.77 Acres 4 $2 2, �/ 6011...::..........................................s
<br />PAYMENTi
<br />(a) Deposil(s► to be held In escrow by in the amount of 3
<br />.(b) Subject to AND assumption of mortgage In good standing In favor of
<br />having an approximate present principal balance of 3
<br />Purchase money morltFm9e and mortgage note bearing annual Interest at % an fie, set forth herein. In amounl ef ..........3 to
<br />(d) ' Other: s
<br />(a) Balance to elm (U.S cash. LOCALLY Orta fN VN cerlitted or cashier's elhpck . 1 to r4esimards amid prorriltors
<br />IPL TIME FOR ACCEPTANCE= EFFECTIVE DATE: M pia after is not execufW by and delivemd to SO parties OR FACT OF EXECUTION eonemunicated In writing Worm the txutk•
<br />on or before 6 /4/90 Me deposil(s) will, at Buyer's option, be returned to Buyer and Iho offer withdrawn
<br />The dale of this Contract ('Effecllva Date') will be the dale when the last one of the Buyer and the Seller has signed this offer.
<br />IV. FINANCiNOt (a) A Bre purchase price or any pet of I b to be financed M a third party bre+. Ids Contract for Sale and Purchase !"Contmerl to conditioned on the Brryer
<br />obtaining a written cOmadlmenl for the ban within days from Effective Onto. N an initial Internal rate not to exceed %: term o/ years•.
<br />and In Me prhmetpaI aneunl of $ . Buyer will make a,, lion wshht days from Effective Data, and use mosomble diligence to obtain the loan eom-
<br />mOerd and, thereafter, to meet the terms and conditions of the tenrmmifiment and to close the ban. Buyer shnn pay an ban expenses. If Buyer falls to obtain the ban commitment aro.
<br />prompty ratites Setter In writing, or after diligent effort falls to meet the terns mvl corrldbrs of the commnmmd or to waive Buyer's rights order Bib subparagraph within the Bre
<br />elated for obtaining the commitment. gen either party may cancel the Contract and Buyer shin he refunded IM depoell(s). '
<br />(b) Time exising.mortgage described In Paragraph nib) above hits (CHECK 1 II OR (211:11► ❑ a varinhin interest rate OR 121 ❑ a fixed interest rate of % per ammmn
<br />At time of title transfer some fixed Interest rales are subject to increase. t Increased, the rale shag not exceed % per annum. Seller shall• within
<br />days from Elfediva Date, furnish a slalenxnt from as mOr!",VS slaliog principal bnWrres, rnetivxl of payment. Interest rate and status (71 m5ftggas. t Boyer has agreed to asanno
<br />a .Km!W, a which requires approval of Buyer by the mortgagee for assumption. Munn t%row shaft pnx fly obtain an pmmdmd appik atlams and win dnlgamtly complate and return therm
<br />to the mortgagee. Any mortgagee chatgefs) not to exeeed E shun he paid try (1t not filled In, equally divided). If the Buyer Is not accepted
<br />by mortgagee or the requhenxnts for assumption are nal In accordance with the terms of the Conlrad or morhyMen makes a charge In excess of the stated am unt Seller or
<br />Buyer may msclrxl this Contract by pronpl wrnlen odic@ to Pte other party tnloss either elects to pay the incrense Inintem9l rate or excess morlgagne c arg is.
<br />K TiTLE EVIDENCEt At least days before closing dale. Sever shat, at Seller's expense, deliver to Buyer or Buyer's attorney. In accordance with Standard A. (Check (1)
<br />or (2)t (1) 11 abstract of into OR (211 fine hmatrance eormmnmint
<br />111. CLOSING DATE- This transaction shag be dosed and Its deed and other closing papers dethrnred on _8111 n , unless extended by other provisions of Contract.
<br />VIL RESTRICTIONS; EASEMENTS; LIMITATIONS: Buyer shall take into drble t to rem". restricnom. proh1191krrs and other mradrements Imposed by gnvernmanlef authority,, mshbNont
<br />and matters appearing on Pte plat or otherwise common to the snhdivivkxr, public utnily easern enls of record (easavents are to be located contigmaus to Real Rnparty Ones and
<br />nal more tun 10 feel In width as b to rear or front Ores and 714 feel in wk lh as to the side lines, unless otherwise speetkrd herein). taxes for year of dosing and Subsequent
<br />.yeah r assumed nartgeges and pirdme Morey mortgages. 9 smother:
<br />NORE—
<br />provided, that there exists at c isfnng no violation ofthe to @gobre mid none of them prevmU use of Roat Property for puri»srye)•
<br />Vlll. OCCUPANCYt Satter warrents Pmt Bare are no paroles In ooeoxonney agwA than Saner. Ixd If nolxrty Is tntended to be tented or occu led beyond Closing. IM fad and Mss
<br />tend ""be stated herein, and the lensnns) cr'oeeu+ants disclosed paauant to Standard F. Seiler agrees to deliver occupancy of Property at Ilse of cbatno unless of arwtse
<br />@feted herein. t occupa+cy Is to be delivered bnfone eloNng. Buys esanmes as rkk of loss to properly from date of occupancy, shall he responsible and Gable for maintenance from
<br />that dale, end Shen be deemed to have sccapkd Pmparly In their existing condili n as of time of taking occupancy unless otherwise stated herein or In a somata writhe.
<br />IX. TYPEWRITTEN OR HANDWRITTEN PROvistoNs. Typewritten or hadwritten provisions strait control all printed provlsbns of Contract In conflict with them.
<br />X INSULATION RIDER: B Contract Is utlOred for the sale of a new residence. the Invitation War or equivalent may be attached.
<br />XI. COASTAL CONSTRUCTIOWCONTROL LINE (•CCCLe) RIDER- t Contract b udnlzed for the safe of Property effected by the CCCL. Chapter IS% F.S., (1989), as amended
<br />shag apply and the CCCL Ritter or equivalent may be an -Ta to this Contract.
<br />XB, FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT (61`111PWI RIDER- The packs shag comply with the provlakms of FiRPTA and applicable regulations which Could
<br />require Setter to provide additional cash at closing to meet withholding naW ni4wris, and the FMPTA Rider or equivalent may be attached to this Contract
<br />XM. ASSIONABILITYt (CHECK 11) or (2)1: Buyer 11) ❑ may assign OR (2)IX may not assign Contract.
<br />XIV. SPECIAL CLAUSESt (CHECK (1) or 12)1: Addendum 111 [1 Is attached OR 421M not applicable.
<br />THIS 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 PIAS BEEN APPROVED BY WE FLORIDA ASSOCIATION OF REALTORS AND TI lE FLORIDA BAR.
<br />Approval does oaf eonstift an muton txd "of the (ears and ca+dticre in iMt Contowl should be accepted by fhe panties fn a particular sarrsaction Terre
<br />and conditions should be negotiated based upon the respective interests. of*-r-tves and lwyakting pavll ns of af) Wrested persons
<br />THE FLORIDA BAR AND HIE FLORIDA ASSOCIATION OF REALTORS, IhIC
<br />Ratified by, INDIAN RMTME� — — — — — — — —
<br />BOARD COriNISSIONF to - `'�W 1/ ' Data
<br />Carolyn. Egl►), Tairman,
<br />St Tax • _ L
<br />Ely • Date
<br />J.. E; E. C}MPIler, County Administrator
<br />Social Security or Tax I.D.
<br />;_Data
<br />w
<br />Deposals)ked: under Paragraph II eeeeIF OTHER THAN CASH, THEN SUBJECT TO CLEARANCE. (Escrow Agent)
<br />BROKER'S FEE: IC14ECK It COMPLETE THE ONE APPLICABLE) By:
<br />❑ IF A LISTING AGREEMENT 19 CURRENTLY IN EFFECTt
<br />Seller agrees To P—ire Broombe oTw.i fc uilmg cooperating sub -agents named, according to the terms at an exW ft separate Ostre agreement
<br />OR
<br />❑ IF NO LISTING AGREEMENT 19 CURRENTLY IN EFFECTi
<br />Seller psTila pay -1Fe" er nor _ - w, a o�T eTosng. from the dhhiMPmerds o the proceed, of tie Safe. cranpeng,it In the Amami d (COMf1ETE oNLY ONE)
<br />% of groan purchase price OR s , for Broker's services In effecting the snte by lindlnq the Buyer randy. wlahq and able to purchnse pursuant to the foregnhg
<br />Contract. B Buyer fans to perform and deposn(s) Is retained. 80% thereof. dot not ercedi q the Broker's fee shove provided. shorn two paid Broker, as fun Consklaatinn for "pr's
<br />services Including costs expended by Broker, and the balance Shan he paid to Saner. t the Irmmncikm shorn not close because of refusal or failure of SeW to perform, Seger Sins
<br />pay Pte full fee to Broker on demand. In any litigation artyrg our of the Contract concerning the Brokers fee. the prevailing pally Shan recover reasonable altoney fees and coals.
<br />nTrk RTRP RFAT.T `.— T r
<br />(firm name of Broker) (name of eooperatmg sub-agenl) (Setter)
<br />By:
<br />(authorized sgmnlay) (Saner)
<br />Richard N. Bird '
<br />RIDERS CAN BE OBTAINED FROM THE FLORIDA ASSOCIATION OF RFAI TflRQ run nYa er nulla new
<br />72
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