RONALD NISK
aEAL ESTATE CONTRACT
THIS AGREEMENT, made and entered into this 6th
day of
July
J 19 ~ between CITY OF CLE ~~IIATE.:1.,
FLOdIDA, a.municipal corporation, hereinafter called "Sellertl, and
Ronald P. Nisk
hereinafter called "Purchaser";
'W I T 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 Pinella s County, Florida:
The South 273 + Feet of
tot 3 of
CLEAR:-lATEa. INDUSTB.IAL P Aa.K REPLJ\T, accord-
ingto the map or plat thereof as.'
,recorded in Plat Book ,-711 Page 91 ,
Public Records of Pinel1as County,
Florida, containin~ 2.0 acres,
upon the following terms and conditions:
(1) The total purchase price of said property shall be the
sum of
$44,000.00
I payable at the times and in the man-
ner following:
(A.)" $ 500.00 to be paid on the signing of
this cQntract as earnest money deposit, re-
.. ceipt of which is hereby acknowledged by
Seller.
(B) Close on or before 30-day'after completion of
road and sewer.
(C) Sunus Corp. - Broker of record.
/
1 ~-COs D~ (Y
The propt:! shall be. conveyed by Fee'l%.pJeDeed and shall be free
and clear of all encUlIlbrances 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 amenchnent 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 amendm.ent dated September 23, 1968, recorded
in O. R. Book 2914, page 516, said Pinellas County Records.
(4) It is' \mderstood 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 im.proved and completed and
draina.ge will be installed in said subdivision by Seller in a.ccordance with requi:r
m.ents of the Board of County Comm.issione:rs of Pinellas CO\mty, Florida,
regulating development of subdivisions. It is further understood that in the eveD
that this t:ransaction shall be closed prior to the com.pletion of said iInp:rovement
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 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 Docum.entary Stamps on any
pronns sory note exeCuted.
(6) Possession will be given on the da.te of closing which, subject to
the provisions of this agreement, ~hall be on or before ( ~ ~~ (, - 13) ~ I )
..
days froIn the date of this agreement.
(7) Seller agrees, at its e~ense, to furnish a Commitment for
Title Insurance from a reputable title company authoz:ized to do busines s in
Florida, withiD. five (5) days after execution of this contract and, thereafter,
to pay for an Ownerl s Title Policy in the face amount of the purchase price if the
same is issued. In the event said CommitInent for Title Insurance indicates thai
the title to said property is m.erchantable and free and clear of liens and
encUInbrances except as herein otherwise provided, this transaction shall be the
upon completed as herei~ provided. In the event Commitment shall
indicate othe~Rise; 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 t s failure to correct said defect s wi thin the t i.me 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 dat9
may be retained by or deli~lered to the Seller as liquidated. dam-
ages by reason of the Purchaserts failure to complete this agreemen
(g) 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 cov
ants and agreements herein contained shall extend to and be obliga-
tory upon the heirs, personal representatives and assigns of the
respective parties. The ...,ords "Seller" and tlPurchaser" herein em:-
ployed shall be construed to include the plural as well as the sin-
gular .
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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 CLEARWAT~1., FL OaIDA
A municipal corporation
Bv:~d~:?~
City Manager {fJQ-f,'(I!1/ 7
-3-
A.~TEST :
~~~~
City Clerk
Signed, se~.led and delivered
in the. p~ebsn o.f--=-. ~ '
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As to Selle /
~~4 (j fLdI-duJ
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As to Purcha ser
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COUNTEdSIGNED:
1l1"h <:/ R ..t..
~~yor-Commiss~oner -
Approved as to form and correctr
f~K~
City Attorney
~~. .
n SELL Ed. n
Q~Jrp~~
npUJ.~CHASEi