AMOS AND ANNA SHUGARS (2)
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REAL ESTATE CONTRACT
THIS AGREEMENT, made and entered into this
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April, A. D. 1972, by and between AMOS C. SHUGARS and ANNA SHUGARS,
his wife, hereinafter referred to as lISeller", and the CITY OF CLEARWATER,
FLORIDA, a municipal corporation, hereinafter referred to as"Purchaser11;
WITNESSETH: That in consideration of the Mutual promises and
covenants herein contained, and other valuable considerations passing between
the parties hereto, the Seller agrees to sell and the Purchaser agrees to buy
the following described property situate, lying and being in Pinellas County,
Florida, to wit:
South 326. 14 feet of North 821. 35 feet of West i of
NW ~ of NW ~ of Section 16, Township 29 South,
Range 16 East, AND start at SE corner of NW ~ of
NW ~ and run North 730 feet to P. O. B. ; thence North
95 feet, West 669.05 feet, South 495.21 feet, East
469.05 feet, North 400. 21 feet, East 200 feet to P. O. B.
subject to 10 foot alley at one end of tract and 30 foot
right of way on North and less road on East, being
ten acres plus.
The total purchase price of said property shall be the sum of Sixty
Thousand Five Hundred Dollars ($60,500.00), payable at the times and in the
manner following:
$1, 000. 00 binder paid to the Seller s at the time of the
signing of this agreement, receipt of which is hereby
acknowledged.
Balance in full at time of closing, and possession to be given at closing.
IN CONSIDERATION WHEREOF, the Seller agrees and promises to
convey to the Purchaser by good and sufficient warranty deed containing full
covenants of warranty a fee simple, marketable title to the real estate above
described, free and clear of all encumbrances, except as herein otherwise
provided.
Purchaser shall at its expense obtain a commitment for title insurance
in the amount of the purchase price, which commitment shall show a marketable,
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unencumbered, fee simple title to said property in the Seller except as herein
otherwise provided. The Purchaser shall have a reasonable time after the
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delivery of said commitment for the examination thereof, and within said
period shall notify the Seller in writing of any objections to said title. If this
notification is not given within a reasonable time, then said title shall be
conclusively deemed to be acceptable to the Purchaser. In the event that the
title of the Seller is not good and marketable, the Seller shall have a reasonable
time thereafter to perfect the title; and if the defects are not cured within such
time, the Purchaser may cancel this contract or waive the defects and accept
the property without deduction on account of said defects.
The Purchaser shall pay for the documentary stamps required to be
affixed to the Deed and pay the cost of recording same. Taxes for the year
1972 shall be paid by the Purchaser.
Subject to the foregoing, this transaction shall be closed on or before
May 8, 1972, the exact date to be determined by the Purchaser.
This contract supersedes and replaces the terms and provisions of
the prior real estate contract between the same parties covering the same
property dated and executed on January 7, 1972.
The obligations and benefits under this contract shall extend to the
personal representatives, heirs, successors and assigns of the parties hereto.
IN WITNESS WHEREOF, the parties hereto have set their hands and
seals the day and year first above written.
Signed, sealed and delivered
in the presence of:
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mos C. Shugars.--
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Anna Shugar s ,
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As to City
FLORIDA
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