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12/19/2017
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12/19/2017
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Last modified
12/27/2019 4:29:15 PM
Creation date
1/23/2018 4:00:10 PM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
12/19/2017
Meeting Body
Board of County Commissioners
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RESIDENTIAL PURCHASE AND SALE AGREEMENT - FLORIDA <br />Parties: This Agreement represents an agreement made effective as of the date when the last one of Buyer <br />and Seller has signed at the end of this document (the "Effective Date") by and between TD Bank. N.A. <br />(hereinafter referred to as "Seller"), and radian River Countv, of 180127th St Vero Beach FL 32960 <br />(hereinafter referred to as "Buyer"). <br />2. Property: Seller agrees to sell, and Buyer agrees to purchase, a certain parcel or parcels of land with the <br />buildings thereon situated at See Exhibit A the same parcel conveyed to TD Bank by deed dated and <br />recorded in the County Registry of Deeds in Book , page (the "Prior Deed!% see <br />attached Exhibit A (hereinafter, collectively the "Property"), The Property shall not include any personal <br />property, except the following specifically included personal property: N/A. <br />BUYER is aware that SELLER acquired the Property by way of FORECLOSURE, DEED IN LIEU <br />OR SIM¢AR PROCESS, and that SELLER is selling and BUYER is purchasing the Property, in its <br />"EXISTING CONDITION" WITHOUT REPRESENTATIONS OR WARRANTIES OF ANY IOND <br />OR NATURR. <br />3. Closing: The closing of this transaction shall occur, and the closing documents required to be furnished by <br />Buyer and Seller (the "Closing") shall take place on or before (the "Closing Date"), provided that <br />Buyer and Seller may agree in writing to extend the date for Closing. Closing'will take place at the office <br />of the Closing Agent; however, Closing may be conducted by mail or electronic means, The deed shall be <br />recorded upon receipt of "Collected" closing funds. <br />4. Purchase Price: The agreed purchase price for the Property (the "Purchase Price") is Three thousand <br />five hundred Dollars ($3,500.00) to be paid by Buyer as follows: <br />(i) a deposit of Dollars ($_TJ on the Effective Date ("Initial Deposit"); <br />(ii),an additional deposit of 0 Dollars ($0) due 0 days after the Effective Date (the "Additional <br />Deposit") (the Initial Deposit and the Additional Deposit collectively referred to as the `Deposit"). The <br />Deposit shall be held in escrow by Gullett Title Address: 401 St Johns Ave Palatka FL 32177 <br />Phone: 386-3265106 Email: Ngpc <br />yftaulletttitle.com Fax:_(the "Escrow Agent"). The <br />Deposit is nonrefundable, except as specifically provided in this Agreement. The remaining balance of the <br />Purchase Price shall -be due and payable at the time of the Closing in "Collected" funds, For purposes of <br />this Agreement, "Collected". funds shall mean funds that have beenfinally collected and deposited in the <br />Account of the Escrow Agent or the Closing Agent. Seller shallretain any and all interest on the Deposit. <br />5, ' OFAC: Neither the Buyer nor any of its affiliates or beneficial owners, or any of its or its affiliates' <br />respective officers, directors, agents, partners, members, beneficial owners, controlling entities or <br />employees: (i) is a country individual or entity named on the Specifically Designated National and <br />Blocked Persons (SDN) list issued by the Office of Foreign Asset Control of the Department of the <br />Treasury of the United States of America; or (ii) is a party to or is otherwise involved in any present or <br />threatened litigation or is aware of any of Buyer's affiliates or beneficial owners. or any of Buyer's or its <br />Page 1 of 10 <br />PL <br />Confidentiali� <br />�� 6 <br />
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