GERRY ARNER
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aEAL ESTATE CONTRACT
THIS AGREEMENT~ made and entered into this ~~ay of
411 a<-y' ~ 19 :!.2-~ between CITY OF CLE!\aWATEd,
FLOdIDA~ a.municiP.l corporation, hereinafter called "Seller", and
GERRY ARNER
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 one (1) acre of West 2-1/2 acres of
Lot Two (2) of
CLEAaWATER INDUSTdIAL P~~K REPLAT, accord-
ing to the map or plat thereof as'
recorded in Plat Book-71, Page 91 ,
Public decords of Pinellas County,
Florida, containing 1 acres,
upon the following terms and conditions:
(1) The total purchase price of said property shall be the
sum of ___$20,000.00
ner following:
, payable at the times and in the man-
(A)" $ 1,000.00 to be paid on the signing of
this c9.ntract as earnest money deposit, re-
.. ceipt of which is hereby acknowledged by
Seller.
(B) $19,000.00 cash at closing.
(C) Final des cription to be- determined by survey . .
.(D) Contract subject to obtaining adequate financing within 60 -'
day s.
(E) Sewer, water and street will be completed by the City.
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(Z) The property shall be conveyed by Fee SinpJeDeed 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 County Records,
and as supplemented by amendment dated September 9, 1957, recorded in O. R.
Book 169, page 54Z; by amendment dated August 19, 1959, recorded in O. R.
Book 680, page 63; and by amendment dated September Z3, 1968, recorded
in O. R. Book Z9l4, 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
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
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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 agreement, shall be on or before July 11, 1977.
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(7) Seller agrees, at its expense, to furnish a Comnrltment for
Title Insurance from a reputable title company authorized to do business in
Florida, withii:1 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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ployed shall be construed to include the plural as well as the sin-
gular.
(10) A real estate commission in the amount of $2,000 shall be
paid to Cribbs 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 CLEARWATEl-1, FLOHIDA
A municipal corporation
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COUNTEdSIGNED:
Signed, sealed and delivered
in" L, P, res, ence of:
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correctness
As
n SELLE:l"
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As to urchaser
"PU4~CHASErtn
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