MARK KLEIN (2)
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aEAL ESTATE CONTRACT
THIS AGrtEEJ."'JIENT ~' made and entered into this 29
day of
April
, 19 ~~ between CITY OF CLE~~41ATE.~.
FLOiUDA, a municipal corporation, hereinafter called "Sellert1, and
~Wu~K s. KLEIN, HIS NO~NEES and/or ASSIGNS
hereinafter called "Purchaser";'
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 considerat:i.ons passing
bet"Teen the parties , hereto, ,~~the Seller agrees to sell and the Pur--,
chaser agrees to buy the following described property situate~
lying and being in Pin~llas County, Florida:
Lot-the E 66.08' _oftheW198. 24' of Lot 2
CLEAaWATEa. INDUSTdIAL ,P Ai-tK _ REP,li.Al', accord-
ing to the map or plat thereof as-
recorded in Plat Book 1\., Page 91,
Public decords of Pinellas County,
Florida~ containing acres,
upon the .following termfJ- -and conditions:
(l) The total purchase price of said property shall be the
sum of $10,000
, payable at the times and in the man-
ner following:
(A) $ 500. ... to be paid, on the signing of
this cQntract as earnest money deposit7 re-
· ceipt of which is hereby ackno\'lledged by
Seller.
(B) Balance Cash at Closing
..()t$300 already on ae~c13it OB contrad aatca 18th Day e:f HaFeh fOF tHO ,:este:Fl~"
1~2.JGG feet of Lot 2.
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" (Z) The p:tfpelY shall be conveyed by Fe'SinyJeDeed 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 Record Book 115, at Page 347" Pinellas Connty Records,.
and as supplemented by amendment dated September 9, 1957, recorded in O. R.
Book 169, - page 542; by amendment dated August 19, 1959, recorded in O. R.
Book 680, page 63; and by amendment dated September 23, 1968, recorded
in O. R. Book 2914, page 516, said Pinellas County Records.
(4) It is understood that this property is to be improved and developed
as a subdivision for use as an uidustrial park by Seller; that 'it is zoned for
, '
use by light industries; and th~t,streets will be improved and completed and
drainage'will be installed in said subdivision by Sellerin accordance with require'~
ments of the Board of County Commissioner-s of Pinellas CoUnty, Florida,
regulating development of subdivisions. It is further understood that intheeverlt
that this tr.ansaction shall beclos-edpriorto the completion of said improvements
-
that the responsibility of Seller in connection the:r:ewith shall ~ontinue until the
same have been completed.
(5) Seller shall pay all taxes through the year 1976
_. Taxes
and assessments, if any, for the current year shall be p'ro-rated as of the day
of closing. .Seller agrees to place the necessary Documentary Stamps OD. the
Deed of Conveyance ~d to pay Intangible Tax on any mortgage received as part
of the consideration. Purchaser agrees to place Docmnentary Stamps on any
promis aory note executed.
(6) Possession will be given on the date of closing which, subject to
30 days after sewer, water
the provisions of this agreement, shall be on or before and. street are completed
.
days from the date of this agreement.
(7) Seller agrees, at its expense, to furnish a Com.m.i.tment'for
Title Insurance from a reputable title company authorized to do busines s in
Florida, within five (5) days after execution of this contract and, thereafter.
to pay for an Owner's 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 property is merchantable and free and clear of liens and
encumbrances except as herein othenvise 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 wit.hin ten (IO) 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 pa.yment made" on this dat~
may be retained by or delivered to the Seller as liquidated dam-
_ '_, ages by reason- o'"f_the Purchaser's f-ai1ure 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
- .
r especti ve parties. The words.!!.5eller-tt and "Purchaser" herein em:-
ployedshall be construed to include the plural as well as the sin-
gular.
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(10) AReal Estate Commission in the amount of ~,OOO shall be
paid to Rodgers & Cummings, Inc.
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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-
sentatiyes the day and year hereinabove mentioned.
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ATTEST:
Signed, sealed and delivered
in the presence of:
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COUNTERSIGNED:
~~~~
Mayor-Commisso
form and
"SELLER"
4~
"PURCHASER"
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