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2016-122
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Last modified
5/3/2017 11:53:50 AM
Creation date
8/22/2016 1:33:03 PM
Metadata
Fields
Template:
Official Documents
Official Document Type
Agreement
Approved Date
08/16/2016
Control Number
2016-122
Agenda Item Number
8.JJ.
Entity Name
Ventures Trust 2013-I-H-R by MCM Capital Part.
Subject
Purchase Agreement Real Estate/Recorded Special Warranty Deed & Owner's Policy of Title Insurance
Area
1313 43rd. Ave.
Bid Number
2016050
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DocuSign Envelope ID: F55D53B1-0D62-4BE2-ACAA-B75FA841FA3B <br />ORICINAL <br />7.1.1 The cost of recording the warranty deed and any release or satisfaction obtained by <br />Seller pursuant to this Agreement. <br />7 1.2 Documentary Stamps required to be affixed to theAwarranty deed. <br />7.1.3 All costs and premiums for the owner's marketability title insurance commitment and <br />policy, if any. <br />7.2 Seller 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 County for all state <br />court matters, and in the Southern District of Florida for all federal court matters. <br />8.2 Condemnation. In the event that all or any part of the Property shall be acquired or <br />condemned for any public or quasi -public use or purpose, or if any acquisition or <br />condemnation proceedings shall be threatened or begun prior to the Closing of this <br />transaction, County shall have the option to either terminate this Agreement, and the <br />obligations of all parties hereunder shall cease, or to proceed, subject to all other terms, <br />covenants, conditions, representations and warranties of this Agreement, to the Closing of <br />the transaction contemplated hereby and receive title to the Property; receiving, however, <br />any and all damages, awards or other compensation arising from or attributable to such <br />acquisition or condemnation proceedings. County shall have the right to participate in any <br />such proceedings. <br />8.3 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 Seller and the County 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 />8.4 Assignment and Binding Effect. Neither County nor Seller may assign its rights and <br />obligations under this Agreement without the prior written consent of the other party. The <br />terms hereof shall be binding upon and shall inure to the benefit of the parties hereto and <br />their successors and assigns. <br />F-\Engineering\Monique Filipiak\Ventures Trust\IRC Purchase Contract Ventures Trust 08.01 16.doc <br />
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