HAVENTREE HOMES INCORPORATED
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AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY
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'fIllS J\GREEMEN'l', made and entered into this :;LD day of
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1986, by and between HAVEN TREE HOMES, INC., a
Florida corporation, whose mailing address is 1940 Drew Street,
Clearwater, Florida 33515, hereinafter referred to as "Seller",
and the CITY OF CLEARWl\TER, FLORIDl\, a municipal corporation,
whose mailing address is P. O. Box 4748, Clearwater, Florida
33518, hereinarter rererred to as "Purchaser";
WIT N E SSE T H
That in consideration or the payments and covenants herein
provided, and other good and valuable considerations, Seller agrees
to sell and Purchaser agrees to buy the real property situate in
pinellas County, Florida, described in Exhibit A attached hereto
and made a part hereof.
The total purchase price of said property shall be the sum of
Forty-seven Thousand Dollars ($47,000.00), payable at closing, which
closing shall be on or before thirty (30) days of the date of
this Agreement.
This Agreement 1S contingent upon the Seller closing tne contract
to purchase with Jack E. Hardy on the subject property.
The Purchaser shall refund to the Seller the annexation fee of
$450.00 previously paid by Seller at closing.
IN CONSIDERATION WHEREOF, Seller agrees to convey said property
to Purchaser by good and sufficient Warranty Deed, with fee simple,
marketable title, free and clear of all liens and encumbrances,
except those set forth in this Agreement, if any.
Seller agrees to purchase at its expense a title insurance policy
rrom a Florida licensed title insuror, and to deliver to the Purchaser
as soon as the same can be obtained with reasonable diligence, but
not less than twenty (20) days prior to closing, a commitment for
ti tIe insurance in the amount of the purchase price, which cornEli tment
shall show a marketanle, unencumbered, fee simple title to salO
property 1n the Sellerr subject only to liens, erlcumbrances, ex-
ceptions or qualificC\tions set forth 1n this Agreement and t:l0S0
v-mich sl1all be discnarged by Seller at or before closing. Tnc
Purcnascr snaIl have a reasonanle time after ti,e delivery of
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:~'id commitment fO' the examination thereof, !1d wi thin said period
shall notify the Seller in writing of any objections to said title.
If this notification is not given before 10 days prior to closing, 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,
but not more than one hundred twenty (120) days from receipt of
notice from the Purchaser, to make a diligent effort to perfect
the title; and if the defects are not cured within such time, the
Purchaser may either cancel this Agreement or waive the defects
and accept the property without deduction on account of said
defects. This Contract shall be void if not executed by Purchaser by
March 24, 1986.
The Seller shall pay any real estate commission earned by
3ny broker.
The Purchaser shall pay for the documentary stamps to be placed
on the Warranty Deed and the costs for recording same. The Seller
shall pay the cost of recording any corrective instruments that
may be required in connection with perfecting the title.
This Agreement shall be binding on the respective personal
representatives, heirs, executors, administrators, 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.
WITNESSES:
HAVEN TREE HOMES, INC.
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SELLER
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By
Attest:
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EXHIBIT A
A parcel of land lying in the NW 1/4 of the SW 1/4
of the SW 1/4 of section 9, Township 29 South, Range
16 East, described as follows:
Begin at the SW corner of Lot 1 in Block "N" of
Kapok Terrace, 1st Addition, as recorded in Plat
Book 49, pnge 48 of the Public Records of pincllas
County, Florida, for a P.D.B.; and from the P.D.B.
thus established, run thence N 0011 '59" E, a distance
of 138.0 feet; run thence N 89024'14" W, a distance
of 442.44 feet, more or less, to the West boundary
of said Section 9; run thence South along the West
boundary of said section 9, a distance of 138.0 feet
and run thence easterly in a straight line to tne
established P.D.B.; LESS AND EXCEPT road right-of-way.