R W HUME
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REAL ESTATE CONTRACT
THIS AGREEMENT, made and entered into this
17th day of
November
, 19~, between CITY OF CLEARWAT&i,
FLORIDA, a municipal corporation, hereinafter called IfSelleru, and
R. W. HUl\.1E, of 848 Harbor Island, Clearwater, Florida
hereinafter called "Purchaser";
WIT N E SSE T H:
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That in consideration of the mutual promises and coven-
ants herein contained, and other valuable considerations passing
between the parties hereto, the Seller agrees to sell and the Pur-
chaser agrees to buy the following described property situate,
lying and being in Pinellas County, Florida:
West One-Half (1/2)
Lot Six (6) of
CLEARWATER. INDUSTRIAL PARK, accord-
ing to the map or plat thereof as
recorded in Plat Book 44, Page 46,
Public Records of PinellasCounty,
Florida, containing 2.39 acres,
upon the following terms and conditions:
(I) The total purchase price of said property shall be the
sum of
$~ 1, 950. 00
, payable at the times and in the man-
ner following:
(A) $ 1,195.00 to be paid on the signing of
this contract as earnest money deposit, r~-
ceipt of which i s herebY~fckn6wle-aged --by
Seller.
(B) Balance of the purchase price of $10, 755 to be paid
upon the closing of this transaction.
(C) It is understood and agreed that Seller shall have the above
described parcel surveyed and staked out with permanent stakes.
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(2) The property' shall be conveyed by Warranty Deed and
shall be free and clear of all encumbrances whatsoever, except as
otherwise provided herein.
(3) It is understood that this property is subject to the
r'estrictions and protective covenants of the Clearwater Industrial
Park dated June 10, 1957, and recorded in Official Record Book 115,
at Page 347, Pinellas County records, as amended September 9, 1957
(0. R. Book 169 - Page 542) and further amended August 19, 1959
(0. R. Book 680 - Page 63). and further amended September 23, 1968 (0. R. Book
. " 2 9 14, pa g e 5 16) .
(4) It is understood that this property is to be improved
~nd developed as a subdivision for use as an industrial park by
Seller; that it is zoned for use by light industries; and that streets
will be improved and completed and drainage will be installed in said
subdivision by Seller in accordance with requirements of the Board of
County Commissioners of Pinellas County, Florida, regulating develop-
ment of subdivisions. It is further understood that in the event
that thi stransaction shall be closed prior to the completion of said
improvements that the .responsibili ty of Seller in connection therewith
shall continue until the same have been completed.
(5) . Seller shall pay all taxes through the year 1969 .
Taxes and assessments, if any, for the current year shall be pro-
rated as of the day of closing. Seller agrees to place the necessary
Documentary Stamps on the Deed of Conveyance and to pay Intangible
Tax on any Mortgage rece:: ved as part of theconsi derat ion. Pur e-hEl.ser
agrees to place Documentary Stamps on any Promissory Note executed.
(6) Possession will be given on the date of clos~ng which,
subject to the provisions of this agreement, shall be on ~x
or before ninety days from the date of this contract.
~,o&x ~xldxx
(7) Seller agrees, at itsexpense,t6furnlshaUCbmmitment
for Title Insurance from a reputable title company authorized to do
business in Florida, within five (5) days after execution of this con-
tract and, thereafter, to pay for an Owner's Title Policy in the face
amount of the purchase price'if the same is issued. In the event
said Commi tmentfor Title Insurance indicates that the title to said
property is merchantable and free and clear of liens and encumbrances
except as herein otherwise provided, this transaction shall be the~e-
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upon completed as herein provided. In the event Commitment shall
indicate otherwise, the Seller shall have a period of sixty (60)
days after notification thereof within which to cure defects in
title, and this sale shall be closed within ten (10) days after
notice of such curing to the Purchaser or his attorney. Upon
Seller's failure to correct said defects within the time limit]
the earnest money deposit shall be returned to the Purchaser upon
demand and all rights and liabilities arising hereunder shall ter-
minate. In the event Seller shall perform all of his obligations
under this contract and Purchaser shall fail or refuse to make the
balance of the payments, or to pay the balance of the purchase
price as above set forth, the said cash payment made on this date
may be retained by or delivered to the Seller as liquidated dam-
ages by reason of the Purchaser's failure to complete this agreement.
(8) The loss or damage of the premises by fire or other
casualty until the delivery of the deed is assumed by Seller.
(9) Time is of the essence of this agreement and all coven-
ants and agreements herein contained shall extend to and be obliga-
tory upon the heirs, personal representatives and assigns of the
respective parties. The words "Seller" and "Purchaser" herein em:.,-
ployed shall be construed to include the plural as well as the sin-
gular.
IN WITNESS WHEREOF, the parties have hereunto set their
hands and seals in person and by and through their personal repre-
sentatives the day and year hereinabove mentioned.
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(DEe 1 2 1969
Signed, sealed and delivered
in the presence of:
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As to Seller
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As to ~~~haser
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and correctness:
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Ii SELLEH Ii
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"PUll-CHASEd"
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