GEORGE W AND JANE K HARMONY
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REAL ESTATE CONTRACT
THIS AGREEMENT, made and entered into this
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day of
Ai (l,d (
, 1967, between CITY OF CLEARWATER, FLORIDA, a
municipal corporation, hereinafter called "Seller ", and GEORGE W.
HARMONY and JANE K. HARMONY, his wife, hereinafter called "Purchaser";
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:
From the SW corner of Lot 15 of Clearwater Industrial Park,
according to the map or plat thereof as recorded in Plat Book
44, page 46 of the Public Records of Pinellas County, Florida;
run thence North on the West side of said Lot 15, 225 feet;
thence East to the East property line of said Lot 15; thence
South to the South property line of said Lot 15; thence West
along the South property line of said Lot 15 to the Point of
Ending; containing 5. 05 acres,
upon the following terms and conditions:
(1) The total purchase price of said property shall be the sum of
$15,907.50, payable at the times and in the manner following:
(A) $1,590.75 to be paid on the signing of this contract as earnest
money deposit, receipt of which is hereby acknowledged by Seller.
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(B) $1,590.75 to be paid when construction of Sunshine Drive is begun.
Purchaser shall give at least 90 days notice to Seller that he is
ready to start construction in order that construction of road may
be started.
(C} Balance of $12, 726 shall be paid in three equal payments of $4, 242,
one payment due four months from date of payment in paragraph (B)
above; next payment due eight months from said date and the final
payment due one year from date of said payment.
(D) It is understood and agreed that Seller shall have the above described
lot staked out.
(E) When all payments on the purchase price as contemplated in
Sub-Paragraphs (A), (B) and (C) above have been made, the Seller
agrees to give title insurance and a warranty deed reflecting good
and marketable title to the Purchaser. Any payments that are over
ten (10) days late on account of this purchase shall bear interest at
the rate of six per cent (6%). Possession shall be given when all
payments have been ma~I:'
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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
restrictions and protective covenants of the Clearwater Industrial
Park dated June 10, 1957, and recorded in Official de~ord Book 115,
at Page 347, Pinellas County records.
(4) It is understood that this property is to be improved
and 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
Sl bdi vi sion by Seller in accordance with requirement s 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.
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(5) Seller shall pay all taxes through the_year ~.~d~.. .
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Taxes and assessments, if any, for the current year 7sra 11 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 received as part of the consideration. Purchaser
agrees to place Documentary Stamps on any Promissory Note executed.
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(7) Seller agrees, at its expense, to furnish a Commitment
for Title Insurance from a reputable title company authorized to do
as set out in Sub-Paragraph (E) above,
busine ss in Florida, xKl}ht>>xmxx~x~~X~XiX~JqXOO:X~X~
~ and, thereafter, to pay for an Owner'isTitle Policy in the face
amount of the purchase price if the same is issued. In the event said
Commitment for Title Insurance indicates that the title to said pro-
perty is merchantable and free and clear of liens and encumbrances
except as herein otherwise provided, this transaction shall be there-
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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.
CITY OF CLEARWATER, FLORIDA
A municipal corporation
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ATTEST:
Signed, sealed and delivered
in the presence of:
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As to Purchaser
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Approved as to fo~m and correctness:
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I1PU3.CHASE 11