CONTRACT FOR SALE AND PURCHASE
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CONTRACT FOR SALE AND PURCHASE
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On this ~ day of
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, 1981, the CITY OF
CLEARvJATER, FLORIDA, a municipal corporation, as "Seller", and the
CENTRAL PIHELLAS TRANSIT AUTHORITY, an agency of Pinellas County,
Florida, as "Buyer", hereby agree that in consideration of the mutual
promises and covenants contained herein, and other valuable considera-
tion, the Seller shall sell and the Buyer shall buy the following
property upon the following terms and conditions:
1. Description:
(a) Legal description of real pstAte located in
Pinellas County, Florida:
Lots 6 thru 10 inclusive, BlockS, Gould and
Ewing's 2nd Addition, Plat Book 1, Page 53,
Pinellas County, Florida. Less the Following:
Western 20.19' M.O.L. of Lot 6; ~\Testern 44' 11.0.L.
of Lot 10; and Western 44' of Northerly 17.5' of Lot 7.
2. The total purchase price of said property shall be the
sum of THREE HUNDRED SEVENTY THOUSAND AND NO/100 ($370,000.00) DOLLARS,
payable in full upon closing. Closing shall be on or before January 15,
1982, at the office of the City Attorney, Clearwater City Hall, 112
South Osceola Avenue, Clearwater, Florida.
3. Seller shall convey title to the aforesaid real property
by statutory warranty deed, free and clear of all encumbrances of
record.
4. Within thirty (30) days of this agreement, Buyer, shall
at its own expense, obtain a title insurance commitment issued by a
qualified title insuror agreeing to issue the Buyer, upon recording of
the deed to Buyer, an owner's policy of title insurance in the amount
of the purchase price, insuring marketable title to the Buyer, free and
clear of all encumbrances of record. Buyer shall have five (5) days,
from date of receiving evidence of title to examine same. If title is
found defective, Buyer shall, within three (3) days thereafter, notify
Seller in writing specifying the defects. If said defects render title
unmarketable, Seller shall have one hundred twenty (120) days from
receipt of notice within which to remove said defects, and if Seller is
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unsuccessful in removing them within said time, Buyer and Seller shall
be released as to one another, of all further obligations under the
contract; however, Seller agrees that it will, if title is found to be
unmarketable, use diligent effort to correct the defects in title within
the time provided therefor.
5. The Buyer, within the tirr,e allowed for delivery of evidence
of title and examination thereof, may have the property surveyed at its
expense. If the survey, certified by a registered Florida surveyor,
shows any encroachment on said property or that improvements intended
to be located on the subject property in fact encroach on land of others,
the same shall be treated as a title defect.
6. Seller shall furnish deed, mechanic's lien affidavit,
and any corrective instruments that may be required in connection with
perfecting the title.
7. Any closing costs required by law related to the conveyance
of the property and the recording thereof shall be paid by the Buyer.
8. Both parties agree that neither have used the services of
a real estate broker in this transaction and no brokerage fee is due
anyone.
9. The obligations and benefits under this contract shall
extend to the personal representatives, heirs, successors and assigns
to the parties hereto.
IN WITNESS vlliEREOF, the parties hereto have set their hands
and seals the day and year first above written.
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yor-COmmlS$lOner
By:
Atte8~t: ':.. '.J'. I (j D .-.J
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City =C,-erk '- ~
nd correctness:
vJitnesses:
NSIT AUTHORITY
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As to Authorit
Attest:
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Secretary
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