FRANK KUNNEN JR
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aEAL ESTATE CONTRACT
FLOdIDA,
THIS AGREEMENT, made and entered into this ;2~ay of
, 19 32-, between CITY OF CLFAaWATEd,
corporation, hereinafter called "Seller", and
FRANK C. KUNNEN, JR.,
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 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 Pin$llas County, Florida:
East 264.32 feet of West 396.48 feet of
Lot One (1) of
CLEARWATER INDUSTdIAL P Ai~K REPLAT,. accord-
ing to the map or plat thereof as.
recorded in Plat Book .-71, Page 91,
Public Records of Pinellas County,
Florida, containing acres,
upon the following terms and conditions:
(I) The total purcha.se price of said property shall be the
to survey
sum of $20, 000 per acre, subject I, payable at the times and in the man-
ner following:
(A).. $ 1, 000. 00 to be paid on the signing of
this contract as earnest money deposit, re-
., ceiptof which is hereby aCknowledged by
Seller.
(B) Balance cash on closing. .
(C) It is understood that the initial purchase will be the West
one-half of the above description. East one-half to be
closed on or before 30 days of completion of street. .
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*inc1uding the ope . f a general contractin b. ';'1 all norma.l. ~ fe,
uses pertinent thereto and ruc Ion of c,ommerclal storage facltt:fes~,
and paces or stalls for storage, /1
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(2) The property shall be conveyed by Fee SirrpleDeed and shall be free
and clear of all encumbrances whatsoever, except as otherwise provided herein.
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(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 County Records,
and as supplemented by amendment dated September 9, 1957, rec orded 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 industrial park by Seller; that it is zoned for
* See bottom of page 1 for insertion
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 require-
ments of the Board of County Commissioners of Pinellas County, Florida,
regulating development 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 76
. Taxes
and assessments,if any, for the current year shall 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
promis sory note executed.
(6) Possession will be given on the date of closing which, subject to
the provisions of this agreem.ent, shall be on or before See Paragraph (C)
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days from the date of this agreement.
(7) Seller agrees, at its expense, to furnish a Commitment 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 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 mon~y 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 dat~
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.
(10) Seller agrees to pay 10% real estate commission for this
sale to Densmore Realty.
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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.
CITY OF CLEARWATEi-1., FLOH-IDA
A muni .pal corporation
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City
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As to Purcna r
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COUNTEdSIGNED:
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yor:Commissioner. .
Ii SELLEd,li
"PUaCHASEdTt