STEPHAN A. AND CHERI A. HOLE
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RETURN TO:
American National Title Co.
2240 Belleair Road
Clearwater, FI. 33764
File No. 04-4182
IParcel No. 23-29-15-16448-000-0010
I
SPECIAL WARRANTY DEED
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Made this <i{~ day of April 2004 by the CITY OF CLEARWATER, FLORIDA, a
Municipal Corporation of the State of Florida, hereinafter called the "Grantor", to
STEPHAN A. HOLE & CHERI A. HOLE, husband & wife, hereinafter called the
"Grantee", whose Post Office address is: Post Office Box 6533, Clearwater, Florida
33758:
(Whenever used herein the term "grantor" and "grantee" include all the parties to this instrument, as defined herein, and the heirs, legal
representatives and assigns of individuals, and the successors and assigns of corporations)
Witnesseth, that the grantor, for and in consideration of $10.00 and other valuable
considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells,
aliens, remises, releases, conveys and confirms unto the grantee, all that certain parcel of
real property situate in Pinellas County, Florida, viz:
CLEARWATER ESTATES, Lot 1, according to the plat thereof as
recorded in Plat Book 127, Pages 18 & 19, Public Records of Pinellas
County, Florida.
Together with all the tenements, hereditaments and appurtenances thereto belonging or
in anywise appertaining.
To Have and to Hold, the same in fee simple forever.
Subject to nondelinquent ad valorem taxes and current installments of special
assessments not yet due and payable, if any, and to highways, rights-of-way, licenses,
easements and restrictions of record generally, zoning ordinances and other
governmental limitations, or others which might be disclosed by an accurate inspection
and architectural survey.
And the said Grantor does specifically warrant the title to said land and will defend the
same against the lawful claim of all persons claiming by, through or under Grantor except
taxes for the year 2004 and subsequent, and subject to the matters hereinabove
mentioned.
In Witness Whereof, the Grantor has caused these presents to be executed in its name,
and its corporate seal to be hereunto affixed, by its proper officers thereunto duly
authorized, the day and year first above written.
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Signatories: Special Warranty Deed
Fr: City of Clearwater, Florida
To: Stephen A. Hole & Cheri A. Hole
RE: Parcel No. 23-29-15-16448-000-0010
Countersigned:
CITY OF CLEARWATER, FLORIDA
B~-'~J1
iIIiam B. Horne, II
City Manager
Brian J. Aun
Mayor
Attest:
5T ATE OF FLORIDA
: 55
COUNTY OF PINELLA5
BEFORE ME, the undersigned, personally appeared Brian J. Aungst, Mayor-
Commissioner of the City of Clearwater, Florida, who executed the foregoing instrument
and acknowledged the execution thereof to be his free act and deed for the use and
purposes herein set forth, and who is personally known to me.
WITNESS my hand and official seal this '7 'fI.v day of April 2004.
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~ I ~ My Commission Expires:
Notary Public - tate of Florida
Print/type name:
,IIUfI" III L BrIn
,''R\>l\v r~... Caro,yn k
f*1'''X'1'\~ MY COMMISSION # D0203569 EXPIRES
;,~.~-~~ May 22, 2007
"~:;; ;;.~,' [\ONDED THRU TROY FAIN INSURANC~ INC
5T ATE OF FLORIDA
: 55
COUNTY OF PINELLA5
BEFORE ME, the undersigned, personally appeared William B. Horne, II, the City
Manager of the City of Clearwater, Florida, who executed the foregoing instrument and
acknowledged the execution thereof to be his free act and deed for the use and purposes
herein set forth, and who is personally known to me.
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WITNESS my hand and official seal this 7 day of April 2004.
C a~/'l-. ~ ~ My Commission Expires:
Notary P~blicd. 'State of Florida I'
Print/type name:
Approved as to form:
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l~i~ f~ Carolyn L BrInk
;*( :~ MY COMMISSION # D0203S69 evIlI""",
~'!\'. .."~ May IiN"~O
""",:...<fj 2Z 2007
' BONDED TliRU TROY FAIN INSURANCE INC
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Laura LiJ:'owski, Assistant City Attorney
A:-SETTLEMENT STATEM~NT
U.S. Department of Hauling
and Urban Development
B. TVDe of Loan
1- - FHA 2. - FmHA 3, - Cony. Unins. 6, File Number 7. Loan Number 8, Mortgage Insurance Case Number
4, - VA 5. - Cony. Ins.
04.4182
C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown.
Items marked (P.O.C.) were paid outside the closing; they are shown here for information purposes and are not included in the totals.
D. Name and Address of Borrower E. Name and Address of Seller F. Name and Address of Lender
Stephan A. Hole City of Clearwater
Cheri A. Hole
P.O. Box 4748
Seabreeze Clearwater, FL 33758-4748
Clearwater. Florida 33756
G. Property Location H. Settlement Agent
American National Title Services, Inc.
Sea breeze
Clearwater. Florida 33756 Place of Settlement I. Settlement
3690 East Bay Drive, Suite R Date
Largo. FL 33771 04/13/04
J. SUMMARY OF BORROWER'S TRANSACTION: K. SUMMARY OF SELLER'S TRANSACTION:
100. Gross Amount Due From Borrower 400. Gross Amount Due To Seller
101. Contract sales price 67,000.00 401. Contract sales price 67.000.00
102. Personal property 402. Personal propertv
103. Settlement charges to borrower (line 1400) 1,150.00 403.
104. 404.
105. Assignment Fee to Tom Dwyer 30,000.00 405.
Adiustments for items Daid bv seller in advance Adiustments for items paid bv seller in advance
106, City/town taxes to 406. City/town taxes to
107. County taxes to 407. Countv taxes to
108. Assessments to 408. Assessments to
109. 409.
110. 410.
111. 411.
112. 412.
,
120. GROSS AMOUNT DUE FROM BORROWER 98,150.00 420. GROSS AMOUNT DUE TO SELLER 67,000.00
200. Amounts Paid Bv or In Behalf of Borrower 500. Reductions In Amount Due To Seller
201. Deposit or earnest money 501. Excess Deposit (see instructions)
202. Principal amount of new loan(s) 502. Settlement charges to seller (line 1400) 0.00
203. Existing loan(s) taken subject to 503. Existina loanls) taken subject to
204. 504. Payoff of first mortgage loan
205. 505. Payoff of second mortgage loan
206. 506.
207. 507.
208. 508.
209. 509.
Adjustments for items unDaid bv seller Adiustments for items unpaid bv seller
210. City/town taxes to 510. Citv/town taxes to
211. County taxes to 511. County taxes to
212. Assessments to 512. Assessments to
213. 513.
214. 514.
215. 515.
216. 516.
217. 517.
218. 518.
219. 519.
220. TOTAL PAID BY/FOR BORROWER 520. TOTAL REDUCTION AMOUNT DUE SELLER
300. Cash At Settlement From or To Borrower 600. Cash At Settlement To or From Seller
301. Gross amount due from borrower (line 120) 98,150.00 601. Gross amount due to seller (line 420) 67,000.00
302. Less amounts paid by/for borrower (line 220) 602. Less reduction amount due seller (line 520)
303. CASH FROM BORROWER 98,150.00 603. CASH TO SELLER 67,000.00
OMB No. 2502-0265
04-08-2004 at 4:16 PM
RESPA, HB 4305.2 -- REV. HUD-1 (3/86)
U,S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
SETTLEMENT STATEMENT
PAGE 2
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L... SETrL!MENT CHARGES: j FILE #: 04-4182 I PAID FROM PAID FROM
700. TOTAL SALES/BROKER'S COMMISSION based on price $ @ = BORROWER'S SELLER'S
Division of commission (line 700) as follows: FUNDS AT FUNDS AT
701. $ to SETTLEMENT SETTLEMENT
702. $ to
703. Commission paid at Settlement
704,
800. ITEMS PAYABLE IN CONNECTION WITH LOAN P.O.C.
801. Loan Origination Fee %
802. Loan Discount %
803. Appraisal Fee to
804. Credit Report to
805. Lender's Inspection Fee to
806. Mtg. Ins. Application Fee to
807, Assumption Fee to
808.
809. Tax Service Fee
810.
811.
812.
813.
814.
815.
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest from to @$ /day Days
902. Mortgage Insurance Premium for to
903. Hazard Insurance Premium for yrs to
904.
905.
1000. RESERVES DEPOSITED WITH LENDER FOR
1001. Hazard Insurance mO.@$ /mo.
1002. Mortgage Insurance mo.@$ /mo.
1003. City property taxes mO.@$ /mo.
1004. County property taxes mO.@$ /mo.
1005. Annual Assessments mO.@$ /mo.
1006. mO.@$ /mo.
1007. mO.@$ /mo.
1008.
1100. TITLE CHARGES ,
1101. Settlement or closing fee to American National Title Services. Inc. 150.00
1102. Abstract or title search to Land Research Company, Inc. 75.00
1103. Title examination to American National Title Services, Inc. 50.00
1104. Title insurance binder to
1105. Document preparation to
1106. Notary fees to
1107. Allorney's fees to
(includes above items No: )
1108, Title insurance to American National-Agent for Chicago Title 400.00
(includes above items No: Ri sk 385.25 )
1109. Lender's coverage $
1110. Owner's coverage $ 67,000.00 ---- 400.00
1111. FL Form 9 Endors. -risk rate $
1112.
1113. Couri er Fee
1200. GOVERNMENT RECORDING AND TRANSFER CHARGES
1201. Recording fees Deed $ 6.00 ; Mortgage $ ; Releases $ 6.00
1202. City/county/stamps Deed $ ; Mortgage $
1203. State tax/stamps Deed $ 469.00 ; Mortgage $ 469.00
1204.
1205.
1300. ADDITIONAL SETTLEMENT CHARGES
1301. Survey to
1302, Pest inspection to
1303.
1304.
1305.
1306.
1307.
1308.
1400. TOTAL SETTLEMENT CHARGES (enter on' lines 103 and 502, Sections J and K) 1.150.00 0.00
IN THE EVENT A RE-PRORATION OF THE TAXES IS NECESSARY WHEN THE TAX BILLS FOR 2003 ARE PREPARED. THE PARTIES AGREE TO HANDLE SAID RE.PRORATION
BETWE N THEMSELV S, I have carefully reviewed the HUD-1 Settlement Statement and to the besl of my knowledge and belief, it is true and ate statement
01 all r c ipts d bu ements made on my account or by me In this transaction, I lur~rtif~ that rec ed co y 0 HUD-1 Se tatement.
uyer orrower ~ . y 0
uyer orrower
eo the HUD.1 Settlement Statement which I have prepared Is a true and accura
e undersigned as part of the settlement of this transaction,
o . ate
WARNING: It is a crime to knowingly make lalse statements to the United States on this or any other similar lorm. Pen Ities upon conviction can include a line and
imprisonment. For details see: Title 18 U.S. Code Section 1001 and Section 1010,
e funds which were received and have been
e er
04-08-2004 at 4:16 PM
RESPA, HB 4305.2 -- REV. HUD-1 (3/86)
CONTRACT FOR SALE OF REAL PROPERTY
BY
THE CITY OF CLEARWATER, FLORIDA
PARTIES: The CITY OF CLEARWATER, FLORIDA, a Municipal Corporation of the State of Florida (herein
"Seller" or "City"), P. O. Box 4748, Clearwater, Florida 33758-4748, and BAY AREA HOUSING &
DEVELOPMENT CORPORATION, a Florida corporation, P. O. Box 8533, Clearwater, FI. 33758 (herein
"Buyer"), (collectively "Parties"), hereby agree that the Seller shall sell and Buyer shall buy the following real
property ("Real Property") and personal property, 'if any ("Personalty") (collectively "Property") upon the following
terms and conditions.
THE "EFFECTIVE DATE" OF THIS CONTRACT IS THE DATE OF EXECUTION BY
DULY AUTHORIZED CITY OFFICIALS. TIME IS OF THE ESSENCE IN THIS
CONTRACT.
Time periods of 5 days or less shall be computed without including Saturday,
Sunday, or national legal holidays and any time period ending on a Saturday,
Sunday or national legal holiday shall be extended until 5:00 P.M. of the next
business day.
1. PROPERTY DESCRIPTION 23 -1 C; ~/ j-:' / 6 f f ?,~CJ (!)O ~{)CJ /0
LEGAL DESCRIPTION: CLEARWATER ESTATES, Lot 1, according to the plat thereof as recorded
in Plat Book 127, Pages 18 & 19, Public Records of Pinellas County, FI.
2. FULL PURCHASE PRICF ....................................... ............... ........ ................................ $ 67,000.00
3. MANNFR OF PAYMFNT
Total Purchase Price to be paid at closing in U.S. funds, cash, certified or
Cashier's check, subject to adjustments and prorations..................... ............... ................ ...$ 67,000.00
4. TIME FOR ACCEPTANCE
Following execution of this contract by Buyer, the price, terms and conditions as contained herein shall remain
unchanged and be held unconditionally open for a period of 45 days following delivery in duplicate original to Earl
Barrett, Real Estate Services Manager of the City of Clearwater for acceptance and approval or rejection by
action of the Clearwater City Commission ("Commission"). If this agreement is accepted and approved by the
Commission, it will be executed by duly authorized City officials and delivered to Buyer within 10 days thereafter.
If this contract is rejected by the Commission upon initial presentation to the Commission, this contract shall be
null and void in all respects and Buyer shall be so informed in writing within 5 days of such action.
5. IlILE
Seller shall convey marketable title to the Property by SPECIAL WARRANTY DEED, subject only to matters
contained in Paragraph 6 and those otherwise accepted by Buyer. Title shall be free of liens and encumbrances
of record or known to Seller, but subject to property taxes for the year of closing, if any; covenants, restrictions
and public utility easements of record; and (other matters which title will be subject): No Others
6. TITLE FVIDENCF
Buyer may, at Buyer expense and within at least 10 days prior to closing date obtain a title insurance
commitment issued by a Florida licensed title insurer agreeing to issue its title insurance policy subject only to
lien,s, encumbrances, exceptions or qualifications set forth in this Contract, and those which shall be discharged
by Seller at or before closing. Seller shall convey a marketable title subject only to liens, encumbrances,
exceptions or qualifications set forth in this Contract. Marketable title shall be determined according to applicable
Title Standards adopted by The Florida Bar and in accordance with law. Buyer shall have 10 days to examine
title evidence following receipt. If title is found defective, Buyer shall, within 3 days thereafter, notify Seller in
writing specifying defect(s). If the defect(s) render title unmarketable, Seller will have 120 days from receipt of
notice within which to remove the defect(s), failing which Buyer shall have the option of either accepting the title
as it then is or withdrawing from this Contract. Seller will, if title is found unmarketable, make diligent effort to
correct defect(s) in title within the time provided therefore, including the bringing of necessary suits.
7. SURVEY
Buyer, at Buyer's expense, within time allowed to deliver evidence of title and to examine same, may have Real
CLW ESTS LOT 1 (BAY AREA HOUS) CaNT 1103.doc 1
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Property surveyed and certified to the Buyer, Seller and closing agent by a registered Florida land surveyor. If
survey shows any encroachment on Real Property, or that improvements located on Real Property encroach on
setback lines, easements, lands of others, or violate any restrictions, contract covenants or applicable
governmental regulation, the same shall constitute a title defect.
8. ClOSING PL ACE AND DATE
Buyer shall designate closing agent and this transaction shall be closed in the offices of the designated closing
agent in Pinellas County, Florida, on or before 90 days following Effective Date, unless extended by other
provisions of this contract. If either party is unable to comply with any provision of this contract within the time
allowed, and be prepared to close as set forth above, after making all reasonable and diligent efforts to comply,
then upon giving written notice to the other party, time of closing may be extended up to ...3!Ldays without effect
upon any other term, covenant or condition contained in this contract.
9. Cl aSING DOClJMFNTS
Seller shall furnish deed, bill of sale, construction lien affidavit, assignments of leases, tenant estoppel letters,
and corrective instruments as applicable to this transaction. Buyer shall furnish closing statement.
10. CLOSING EXPENSFS
Recordation of the deed and Documentary stamps on the deed, unless this transaction is exempt under
Chapter 201.24, Florida Statutes, shall be paid by the Buyer. Seller shall pay the costs of recording any
corrective instruments.
11. PRORATIONS; CREDITS
If there should exist any taxes, assessments, rent and other revenue specific to the Property, all of such
expenses and revenue shall be prorated through the day before closing. If the amount of taxes and assessments
for the current year cannot be ascertained, rates for the previous year shall be used with due allowance being
made for improvements and exemptions. Any deposits held by Seller in trust for third parties in occupancy of the
Property shall be credited to Buyer at time of closing. Assessments for any improvements that are substantially
complete at time of closing shall be paid in full by Seller.
12. PROPERTY CONDITION
Seller shall deliver the Property to Buyer at time of closing in its present "as is" condition, ordinary wear and
tear excepted, and shall maintain the grounds in a comparable condition. Seller makes no warranties other than
as disclosed herein in Paragraph 14 ("SELLER WARRANTIES") and marketability of title.
13. SFI I ER HE! n HARMI FSS
Buyer agrees to indemnify and hold harmless the Seller without limitation from any losses, damages, costs,
including attorney's fees, claims of injury to or death of any person(s), any damage to property of Buyer, or the
Property, and from and against any and every liability to any person arising from Buyer conduct of survey and
related work performed pursuant to Paragraph 7 above.
14. SEI I ER WARRANTIES
Seller warrants that there are no facts known to Seller that would materially effect the value of the Property, or
which would be detrimental to the Property, or which would affect Buyer's desire to purchase the property.
15. PROCEEDS OF SAI F; ClOSING PROCEDURE
The deed shall be recorded upon clearance of funds. Proceeds of sale shall be held in escrow by Seller's
attorney or by such other mutually acceptable escrow agent for a period of not longer than 5 days from and after
closing, during which time evidence of title shall be continued at Buyer's expense to show title in Buyer, without
any encumbrances or change which would render Seller's title unmarketable from the date of the last title
evidence. If Seller's title is rendered unmarketable through no fault of the Buyer, Buyer shall, within the 5 day
period, notify the Seller in writing of the defect and Seller shall have 30 days from the date of receipt of such
notification to cure the defect. If Seller fails to timely cure the defect, all funds paid by or on behalf of the Buyer
shall, upon written demand made by Buyer and within 5 days after demand, be returned to Buyer and
simultaneously with such repayment, Buyer shall return Personalty and vacate Real Property and reconvey it to
Seller by special warranty deed. If Buyer fails to make timely demand for refund, Buyer shall take title "as is",
waiving all rights against Seller as to any intervening defect except as may be available to Buyer by virtue of
warranties contained in the deed. The escrow and closing procedure required by this provision shall be waived if
title agent insures adverse matters pursuant to Section 627.7841, F.S. (1987), as amended.
CLW ESTS LOT 1 (BAY AREA HODS) CaNT 1103.doc
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16. DEFAUI T
If Buyer fails to close within the time specified (including payment of all deposit(s)), Seller may seek specific
performance of this contract in a court of competent jurisdiction; or alternatively, the deposit(s) paid by Buyer may
be retained by or for the account of Seller as agreed upon liquidated damages, consideration for the execution of
this contract and in full settlement of any claims; whereupon, Buyer and Seller shall be relieved of all obligations
under this contract. If, for any reason other than failure of Seller to make Seller's title marketable after diligent
effort, Seller fails, neglects or refuses to perform this contract, the Buyer may seek specific performance or elect
to receive the return of Buyer deposit(s) without thereby waiving any action for damages resulting from Seller's
breach. Seller does not waive any rights, claims, or action for damages resulting from Buyer's failure to perform
any other terms of this contract.
17. RADON GP.5; NOTIFICATION
RADON GAS: Radon is a naturally occurring radioactive gas that, when it has accumulated in a
building in sufficient quantities, may present health risks to persons who are exposed to it over
time. Levels of radon that exceed federal and state guidelines have been found in buildings in
Florida. Additional information regarding radon and radon testing may be obtained from your
county public health unit.
18. CONTRACT NOT RECORnABI E; PERSONS BOUND
Neither this contract nor any notice of it shall be recorded in any public records. This contract shall bind and
inure to the benefit of the parties and their successors in interest. Whenever the context permits, singular shall
include plural and one gender shall include all.
19. NOTICF:
All notices provided for herein shall be deemed to have been duly given if and when deposited in the United
States Mail, properly stamped and addressed to the respective party to be notified, including the parties to this
contact, the parties attorneys, escrow agent, inspectors, contractors and all others who will in any way act at the
behest of the parties to satisfy all terms and conditions of this contract.
20. ASSIGNARllITY; PERSONS ~pUNp
Buyer may assign this contract at Buyer option. The terms "Buyer", "Seller", and "Broker" (if any) may be
singular or plural. This Contract is binding upon Buyer, Seller, and their heirs, personal representatives,
successors and assigns (if assignment is permitted).
21. ATTORNFY FEFS; COSTS
In any litigation arising out of this contract, the prevailing party shall be entitled to recover reasonable
attorney's fees and costs.
22. NO BROKFR
Seller and Buyer represent and agree they have dealt with no Broker or finder in connection with the
transactions contemplated hereby. Seller and Buyer further agree to indemnify the other from any damage,
liability or expense either may suffer as a result of any claim of a Broker or finder with whom it is determined that
the other party has dealt with in contravention of this agreement; except, however, that total City obligations
under this provision shall be subject to the limits and restrictions of the Florida sovereign immunity statute, F.S.
768.28.
23. TYPEWRITTEN OR HANDWRITTEN PROVISIONS
Typewritten or handwritten provisions shall control all printed provisions of contract in conflict,with them.
24. EFFECT OF PARTIAL INVALIDITY
The invalidity of any provision of this contract will not and shall not be deemed to effect the validity of any other
provision. In the event that any provision of this contract is held to be invalid, the parties agree that the remaining
provisions shall be deemed to be in full force and effect as if they had been executed by both parties subsequent
to the expungement of the invalid provision.
CLW ESTS LOT 1 (BAY AREA HOUS) CaNT 1103.doc
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25. GOVERNING I AW
It is agreed by and between the parties hereto that this contract shall be governed by, construed, and enforced
in accordance with the laws of the State of Florida.
26. COUNTERPARTS; FACSIMILE COPY
This contract may be executed in two or more counterparts, each of which shall be deemed an original and all
of which together shall constitute one instrument. A facsimile copy of this contract, including any addendum,
attachments and written modifications hereof, and any initials or signature thereon shall be deemed an original.
27. MERGER BY DEED
All covenants, warranties, and representations contained herein shall merge with the deed at time of closing,
except as may be specifically excluded elsewhere in this agreement. Upon delivery of deed by the City, and
acceptance thereof by Buyer, the Buyer shall hold the City forever harmless thereafter.
28. ENTIRF AGREEMENT
Upon execution by Seller and Buyer, this contract shall constitute the entire agreement between the parties,
shall supersede any and all prior and contemporaneous written and oral promises, representations or condition in
respect thereto. All prior negotiations, agreements, memoranda and writings shall be merged herein. Any
changes to be made in this agreement shall only be valid when expressed in writing, acknowledged by the
parties and incorporated herein or attached hereto.
THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT. IF NOT FULLY UNDERSTOOD,
SEEK THE ADVICE OF AN APPROPRIATE PROFESSIONAL FOR LEGAL, TAX, ENVIRONMENTAL
AND OTHER SPECIALIZED ADVICE PRIOR TO SIGNING.
Date: t) ~l~ J ,2003
USING AND DEVELOPMENT
N
--------------~---------------------------------------------------------------------------------------------------------------------------------------
~
APPROVED AND ACCEPTED THIS.dk- day of 'r" 0)
, 200f:-.
Approved as to form:
ATTEST:
~i' Assistant City Attorney
CLW ESTS LOT 1 (BAY AREA HOUS) CONT 1103.doc
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ASSIGNMENT OF REAL ESTATE CONTRACT
In refererence to the contract dated January 26,2004 between Bay Area Housing and
Development Corporation, Inc., Buyer and The City of Clearwater, Seller, concerning property
described as Clearwater Estates Lot 1, Clearwater, Florida, Buyer hereby assigns all rights to said
contract to Stephan A. Hole and Cheri A. Hole, husband and wife, Assignee, and/or assigns, in
exchange for total compensation in the amount of $30,000 to be paid and distributed as follows:
$30,000.00 payable to American National Title Servic s, Inc. to be distributed at closing
Assignment fee shall be disbursed to Tom Dwyer as sident of Bay Area Housing, Inc. By the
closing agent at closing.
Thomas L. er, as President of
Bay Area Housing and Development Corporation
Stephan A. Hole
Cheri A. Hole
Dated:April_, 2004
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ASSIGNMENT OF REAL EST ATE CONTRACT
In reft:rerenceto the contract dated January 26,2004 between Bay Area Housing and
DevelopmentCorpotation,Inc., Buyer and The City of Clearwater, Seller, concerning property
dt:scribed as Clearwater Estates Lot 1, Clearwater, Florida. Buyer hereby assigns all rights to said
contract to Stephan A. Hole and Cheri A. Hole, husband and wife, Assignee, and/or assigns, in
exchange for total compensation in the amount of$30,OOO to be paid and distributed as follows:
$30,000.00 payable to AmericanNational Title Services, Tnc. to be distributed at closing
Assignment fee shall be disbursed to Tom Dwyer as President of Bay Area Housing, Inc. By the
c1o!ling agent at closing.
Thomas L. Dwyer, as President of
Bay Area Housing alld Development Corporation
~~
Stephan A. Hole
Uam Q ~
Cheri A. Hole
Dated:April CJ '7 . 2004