JOHN K COSMOS
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REAL ESTATE CONTRACT
THIS AGREEMENT, made and entered into this
~day of
March
, 196~, between CITY OF CLEARWATER,
FLOR.IDA, a municipal corporation, hereinafter called "Seller", and
JOHN K. COSMOS
hereinafter called "Pur chaser";
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 220 feet of
Lot 11 of
CLEARWATER INDUSTRIAL P~iK, accord-
ing to the map or plat thereof as
recorded in Plat Book 44, Page 46,
Public Records of Pinellas County,
Florida, containing 1.93 acres,
upon the following terms and conditions:
(I) The total purchase price of said property shall be the
sum of ~5,750.00
ner following:
, payable at the times and in the man-
(A)
(B)
$ 575.00 to be paid on the signing of
this contract as earnest money deposit, re-
ceipt of which is hereby acknowledged by
Seller. ,
Balance of $5, 175.00 to be paid in cash on closing on or
before ninety (90) days from date hereof.
(C)
It is further agreed that Purbhaser shall have an option
to purchase the East 200 feet of the West 440 feet of said Lot
11, at a total purchase price of $5, 750. 00. Receipt is hereby
acknowledged of an earnest money deposit of $575.00. The
balance due of $5, 175.00 shall bepaid on or before two years
from date hereof and if said balance is not paid in said time, then
the sum of $575.00 will be forfeited and become the property
of the Seller.
(D)
It is understood and agreed that Seller shall have the above
described parcel surveyed and staked out.
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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 nesord 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
3.1bdivision 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~.
Taxes and assessments, if any, for the current year sh3l1 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.
(6) Possession will be given on the date of closing which,
b. t t th .. f h. h 11 -IV..&r before
su Jec 0 e proV1s1ons 0 t 1S agreement, s a be on ~
ninety (90) days from the date hereof.
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(7) Seller agrees, at its expense, to furnish a Commitment
for Title Insurance from a reputable title company authorizwd to do
business in Florida, within five (5) days after execution of this con-
tract and, thereafter, to pay for an Owner1s Title 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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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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ATTEST:
Signed, sealed and delivered
in the presence of:
,~,( ( ~/,-L,f:<-. .7$ rL(l!./)
!~K ;T,-J:~,,~
As to Seller ' ~/C/
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~L:~~neSE'
C y Attorney .
iiSELLEB.7i
~o~
j/ John K. Cosmos
lip UrWHASEd 11