THE SYSTEMS DEVELOPMENT CORPORATION OR ASSIGNS
'-. ~ '~11
~ - '. .."
.-
-.
REAL ESTATE CONTRACT
day of
lO~
THIS AGREEMENT, made and entered into this ~
..J"l.xOCf("oa~~ , 195..1..., between CITY OF CLEARWATER,
FLORIDA, a ll1unicipal corporation, hereinafter cal led "Seller",
and "':-~:,. jr. r'G I~64el~tl6,le 01- ~.~"JiGr~.!
~"E: ~yS"~S ~~\lE.""O?~~~'" ~a.po..",...o~ .'" ~.$'1" &
here i nafter ca II ed WPurchaser"j
W1TliISSIT!!..;..
That in consideration of the mutual promises and
covenants herein cOAtained, and other valuable considerations
passing between the parties hereto, the Seller agrees to sel I
and the Purchaser agrees to buy the fol lowing described property
situate, lyilt9 and beins in Pin.llas County, Florida:
Lot One---- - ~~--.....,..~---- ----_of
CLEARWATER INDUSTRIAL PARK, accord-
ing to the ...ep or plat thereof 8S
recorded in Plat Book 44, Page 46,
Publ ic Records of Pinel las County,
Florida,. eonteinin~ 5.03 peres.
upon the fol lowing terms and conditions:
(I) The total purchase pr ice of sai d property shall be
the sum of
$1 '581.1-4. c;o
, payable at the times and in the
...nner fo II ow ing:
(A) $ 1'>2.5. QO. "'LVC."'"o.:\r~t, #' paid on the signing of b'~dtrJJr, .
i!kia ir.~~... as earnest ,money deposit{ receipt
of which is hereby acknowledged by Sel er.
(8) B:::IF:1ce in c8s1'2. :=It ti~:e I)f c10~:d ns.
(2) The property shall be conveyed by Warranty Deed and
shall be free and clear of all encumbrances whatsoever, except as
otherwise provided herein.
.-/
/;J;DO'S CIO)
, ,
.~
ee
ee
(3) It Is understood that this property is subject to
the restrict ions and protect i ve cov4i(.n~nts of the Clearwater '\ /D)
_ a",'"~,,.) SL~-t~,"~r 1,'4(1 . ~ ~
Industrial Park dated June 10, 1957"and recorded In Official.
Record Book 115, at Page 347, PI nell as County recorda.
(4) It iau1\deratood that tkia prop.arty jatQ.ba illPr.ovad
and developed as a subdivision for use as an Industrial park by
Seller; that It is zoned for use by I ight industries; and that
streets w I II be I mproved and comp I. eted and dra I nage will be
installed in said subdivision by Seller in accordance with
requirements of the Board of County Commissioners of Pinel las
County, Florida, regulating development of subdivisions.. It
is further understood thati n the event that this trimsact Ion
shall be closed prior to the completion of said improvements
that the r81Jponaibility of Seller in connection therewith shall
continue unt i I the same have been. completed.
(5) Se' I er shall pay all taxes through the year 19~.
Taxes and assessments, if any, for the current year shall be
prorated a.s of the day of c I os i ng.
Seller agrees to place
the necessary Documentary Stamps on the Deed of Conveyance and
tQ pay Intangible Tax on any Mortgage received as part of the
consideration. Purchaser agrees to place Documentary Stamps
on any Promissory Note executed.
(6) Posaesslonwill be given on the date of closing which,
@{
subject to the provisions of this agreement, shall be on the
~ day of ~~.':o.)~b~~ , 1957 ..
(7) Seller agree., at it. expense, to furnish a Commitment
for Title Insurance from a reputable title company authorized to
do business in Florida, within five (5) days after execution of
this contract and, thereafter, to pay for an Owner's Title Pol icy
in the face amount of the purchase price if the Salle Is Issued..
In the event said Com.ltment for Title Insurance indicates that
~
~
. "-
ee
.-
the title to said property is merchantable and free and clear
of I iens and encu.mrances except as herein otherwise provided,
this transaction shall be thereupon co.pleted as herein provided.
In the event Commitment shall indicate otherwise, the Seller
shal I bave .. period of sixty (6~) days after not tftcafion 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 I imit, the earnest money deposit
shal, I be returned to the Purcha1Jer upon demand and a II rights
and I iabil ities arising hereunder shall terminate. In the event
Seller shall perform all of his obi igations under this contract
and Purchaser shall fail or refuse to make the balance of the
payments, or to pay the bal.nce of the purchase price as above
set forth, the sa.ld ca.n payment .ade on this date tnay be re-
ta i ned by or del i vered to the Set I er as I i qu i dated damages by
reason of the Purchaser'a failure to complete this agreement.
(8) The loss or dUlage of the preatl ses by fire or other
C8,sua I ty unt il the de I i very of the deed I s assumed by Se II er.
(9) Tillite is of the ess.ence of th is agreement and all coven-
ants and agreements herein contained shall extend to and be
obi igatoryupon the heirs, personal representatives and assigns
of the respect i ve p<<.rt iea. The words -Set I erlr and.purchaser"
herein employed shall be construed to include the plural as well
as the singular.
IN WITNESS WHEREOF, the parties have hereunto set
-3-
\ ~
-
"4. ~~ _\ ,.
ee
.-
their hands and seals in person and by and through their
personal representatives the day and year hereinabove mentioned.
/
,- ~-
~~. ... -_/
C "er
SIGNED, SEALED AND DELIVERED
IN THE PRESERCE OE
~"T:
2a..A-::Ld i.J<
~~.1~'\tlE:~. SSl--D~"'(l.\/
~ to ~aser
CITY OF CLEARWATER, FLORIDA.
a MUnicipal corporation
B~~T-/~.. .. .
~ Manager
CO T~~.'~_
b ~kf~"iSSloner
APP~VED AS TO FORM AND CORRECTNESS:
- ~ ~ity Attorney
-SELLER"
-
~~URC.tiAs~
. '-....-
"- - -..
--
'. -2.. -::
-
- y
~ .
-::.- ./,,;...-
"':"~. '- /.
'.-
. - - -~