AMOS AND ANNA SHUGARS (3)
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REAL ESTATE CONTRACT
THIS AGREEMENT, made and entered into this
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da y of
January, A. D. 1972, by and between AMOS C. SHUGARS and ANNA SHUGARS,
his wife, hereinafter referred to as "Seller", and the CITY OF CLEARWATER,
FLORIDA, a municipal corporation, hereinafter referred to as "Purchaser";
WITNESSETH: That in consideration of the mutual promises and
covenants herein contained, and other valuable considerations pas sing between
the parties hereto, the Seller agrees to sell and the Purchaser agrees to buy
the following described property situate, lying and being in Pinellas County,
Florida, to wit:
South 326. 14 feet of North 821.35 feet of West i of
NW i- of NW i- of Section 16, Township 29 South,
Range 16 East, AND start at SE corner of NW i- of
NW i- and run North 730 feet to P. O. B. ; thence North
95 feet, West 669.05 feet, South 495.21 feet, East
469.05 feet, North 400.21 feet, East 200 feet to P. O. B.
subject to 10 foot alley at one end of tract and 30 foot
right of way on North and less road on East.
The total purchase price of said property shall be the sum of Sixty
Thousand Five Hundred Dollars ($60,500.00), payable at the times and in the
manne r foIl owing:
$10,500.00 to be paid at time of closing which shall be on or
before ninety (90) days from the date hereof at the office of
the City Attorney, City Hall, 112 S. Osceola Avenue, Clearwater,
Florida, and the balance of $50,000.00 payable $10,000.00 per
year for five (5) years with interest at seven per cent (7%) per
annum on the unpaid balance.
IN CONSIDERATION WHEREOF, the Seller agrees and promises to
convey to the Purchaser by good and sufficient warranty deed containing full
covenants of warranty a fee simple, marketable title to the real estate above
described, free and clear of all encumbrances, except as herein otherwise
provided.
Purchaser shall obtain a commitment for title insurance in the amount
of the purchase price, which cOmrrlitment shall show a marketable, unencumbered,
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fee simple title to said property in the Seller except as herein otherwise pro-
vided. The Purchaser shall have a reasonable time after the delivery of said
commitment for the examination thereof, and within said period shall notify
the Seller in writing of any objections to said title. If this notification is not
given within a reasonable time, then said title shall be conclusively deemed
to be acceptable to the Purchaser. In the event that the title of the Seller is
not good and marketable, the Seller shall have a reasonable time thereafter
to perfect the title; and if the defects are not cured within such time, the
Purchaser may cancel this contract or waive the defects and accept the
property without deduction on account of said defects.
The Purchaser shall pay for the documentary stamps affixed to the
deed and pay the cost of recording same. Taxes for the year 1972 shall be
paid by the Purchaser.
The obligations and benefits under this contract shall extend to the
personal representatives, heirs, successors and assigns of the parties hereto.
IN WITNESS WHEREOF, the parties hereto have set their hands and
seals the day and year first above written.
Signed, sealed and delivered
in the presence of:
t/tnn- d-k~
Amos C. Shuga s
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Anna Shugar s .
(SEAL)
(SEAL)
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FLORIDA
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City Manager
Attest: h
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City Clerk
Approved as to fo & correctness:
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City Attorney
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