THAD GORDON
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REAL ESTATE CONTRACT
THIS AGREEMENT, made and entered into this 7th day of
Au~ust
, 195~, between CITY OF CLEARWATER,
FLORIDA,amuuiclpal corporation,hel:'sinaf'tercalled "Seller"., and
THAD GORDON
hereinafter called "Purchaser":
WI! N E S ~ E T H:
That in consideration of the mutual promises and coven-
ants herein containeds and other valuable considerations passing
b'3tw3dn the partie s h,):;:.eto, the Seller agree s to sell and the Pur-
chaser agrees to buy the following described property situate,
lying and being in Pinellas County, Florida:
Lot Number ten ----------------of
CLEARWATER INDUSTRIAL PARK, accord-
ing to the map or plat thereof as
recorded in Plat Book 44, Page 46,
Public Records of Pine~Gas County,
Florida, containing 4. acres,
upon the following terms and conditions:
(1) The total purchase price of said property shall be
the sum of $13,419.00 ----------~ payable at the times and in the
manner following:
(A)
$ 1,341.90 to be paid on the signing of
this contract as ~arnest money deposit, re-
ceipt of which is hereby acknowledged by
Seller.
Balance ($12,077.10) on closing.
(B)
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(2) The property shall be conveyed by Warranty Deed and
shall be free and clear of all enc~brances whatsoever, except as
otherwise provided herein.
(3) It is understood that this property is subject to the
restrictions and protective covenants of the Clearwater Industrial
Park dated June 10, 1951, and recorded in Official Record Book 115,
ati'age- 347, Pinellas County r-ecordsjIt all amended o. R. 169-Page 542.
except such restrictions and covenants shall not prevent the use of saia premisesllt
(4) It is understood that this property is to be improved
and developed as a subdivision for use as an industrial park by
Saller; 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 this transaction shall be closed prior to the completion of said
improvements that the responsibility of Seller in connection therewith
shall continue until the same have been completed.
(5) Seller shall pay all taxes through the year 19-2!-.
Taxes and assessments, if any, for the current year shall be pro-
rated as of the day of closing. Seller agrees to place the necessar.y
Documentary Stamps on the Deed of Conveyance and to pay Intangible
Tax on any Mortgage received as part of the consideration. Purchaser
agrees to place Documentary Stamps on any Promissory Note executed.
(6) Possession will be given on the date of closing which,
subject to the provisions of this agreement, shall be on the 27th
day of
August
.
, 19 59
(1) Seller agrees, at its 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 con-
tract and, thereafter, to pay tor an Owner's Title Policy in the tace
amount of the purChase price if the same is issued. In the avent said
Commitment for Title Insurance indicates that the title to said pro-
perty is merchantable and tree and clear ot liens and encumbrances
and can be used as an Armory and allied purposes,
except as herein otherwise provided~ this transaction shall be there-
*for an Armory and other allied purposes.
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upon camp1eted 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 (lD) 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 shull 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 "Purohaser" herein em-
ployed shall be construed. to include the plural as well as the sin-
gul ar.
(lO) This contract is conditioned upon this property
being lawfully approved for use as a U.S. Army Reserve Armory
within Twenty (20) calendar days from the date hereof. ~
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.
CITY OF CLEARWATER. FLORIDA
A municipal corporation
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ATTEST:
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COUNTERSIGNED:
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C1 lark'
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Signed, sealed and delivered
in the presence ofr
Approved as to form and correctnesst
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As to Sellor
"SELLER"
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'As to E rchaser
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"PURCHASER"
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SELLERS CL031 t~G STf1 TEilII:.NT
MARCH 18, 1959
SELLER:
BUYERS:
CITY OF CLEARWATI:.R
JAMES B. BAMBERG and MARY ~. BA~BERG
Pi~OPEI~TY :
wt of Lot 19, Clearwater Industrial Park, Plat Boo~ 44,
page 46, Publ ic Records of Pinel las County, Florida.
$ell ing Price,
$ 5,906.25
$ 590.63
60.00
623.95
1.75
18.60
4.6//.32
$ 5.906.25 $ 5.906.25
Down Payment,
Title Insurance,
Constantine Release,
Recording Partial Release,
Documentary Stamps,
Net to City,
Note: Taxe~ for 1959, if any, will be prorated as of
March 15, 1959, when statement is received.
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