2003-302 - Laserfiche WebLink

Home Browse Search

environmentally sensitive lands acquisition program . The grantee in Seller's Warranty Deed shall be Indian River County, a political subdivision of the State of Florida. 9 . PREPARATION OF CLOSING DOCUMENTS . Upon execution of this Agreement, Seller shall submit to Purchaser a properly completed and executed beneficial interest affidavit and disclosure statement as required by Sections 286 . 23 , and 380 . 08 (2 ), Florida Statutes. Seller or his title agent shall prepare the deed described in paragraph 8 of this Agreement; Seller's and Purchaser= s closing statement; the title, possession and lien affidavit certified to Purchaser and title insurer in accordance with Section 627 . 7842 , Florida Statutes; and, an environmental affidavit on forms provided by Acquiring Agency. All prepared documents shall be submitted to the County for review and approval at least 30 days prior to the Option Expiration Date. 10 , PURCHASER REVIEW FOR CLOSING . Purchaser will approve or reject each item required to be provided by Seller under this Agreement within 15 days after receipt by Purchaser of all of the required items. Seller will have 15 days thereafter to cure and resubmit any rejected item to Purchaser. In the event Seller fails to timely deliver any item, or Purchaser rejects any item after delivery, Purchaser may in its discretion extend the Option Expiration Date accordingly. 11 . EXPENSES . Seller will pay the documentary revenue stamp tax and all other taxes or costs associated with the conveyance. The Purchaser will pay the cost of recording the deed described in paragraph 8 of this Agreement. The Seller will pay to record other recordable instruments which the title insurer or Purchaser deem necessary to assure good and marketable title to the Property. 12 . TAXES AND ASSESSMENTS . All real estate taxes and assessments which are or which may become a lien against the Property shall be satisfied of record by Seller at closing. In the event the Local Government acquires fee title to the Property between January 1 and November 1 , Seller shall, in accordance with Section 196 .295 , Florida Statutes, place in escrow with the county tax collector an amount equal to the current taxes prorated to the date of transfer, based upon the current assessment and millage rates on the Property. In the event the Local Government acquires fee title to the Property on or after November 1 , Seller shall pay to the county tax collector an amount equal to the taxes that are determined to be legally due and payable by the county tax collector. 13 . CLOSING PLACE AND DATE . The closing shall be on or before 30 days after the option is exercised ; provided , however, that if a defect exists in the title to the Property, title commitment, Survey, environmental site assessment, or any other documents required to be provided or completed and executed by Seller, the closing shall occur either on the original closing date or within 30 days after receipt of documentation curing the defects, whichever is later. The closing will be held in Vero Beach, Florida, at the office of the Seller' s title insurer, on the date and at the time agreed to by the parties. If the parties cannot reach agreement as to the date and time, the date and time will be set by the County upon notice to the Seller. The parties agree that a closing as early as reasonably possible is the intention of Seller and Purchaser. 14 . RISK OF LOSS AND CONDITION OF REAL PROPERTY . Seller assumes all risk of loss or damage to the Property prior to the date of closing and warrants that the Property shall be transferred and conveyed to the Purchaser in the same or essentially the same condition as of the date of Seller's execution of this Agreement. However, in the event the condition of the Property is altered by an act of God or other natural force beyond the control of Seller, Purchaser may elect, at its sole option, to terminate this Agreement and neither party shall have any further obligations under this Agreement. Seller represents and warrants that there are no parties other than Seller in occupancy or possession of any part of the Property. Seller agrees to clean October 25 , 2001 Page 3