PATRICK AND JACQUELINE ILEY
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AGREEMENT FOR PURCHASE
AND SALE OF REAL ESTATE
THIS AGREEMENT, made this
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,~ day of
. A. D.
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1980, by and between G. PATRICK ILEY and JACQUELINE H. ILEY, his wife, and
GEORGE RUPPEL and SANDRA J. RUPPEL, his wife, hereinafter referred to as
"Seller", and the CITY OF CLEARWATER, FLORIDA. a municipal corporation.
hereinafter referred to as "Purchaser";
WHEREAS, the Purchaser has determined to acquire the Property described
below by purchase; and
WHEREAS, the Seller is agreeable to sell said Property; covenants
herein provided, and other good and valuable considerations, Seller agrees to
sell and Purchaser agrees to buy, on a bargain sale basis. the following des-
cribed real estate situate in Pinellas County, Florida, to wit:
r.
See Exhibit "A" attached hereto and made a part of this agreement.
at and for the sum of Seven Hundred Thousand ($700,000.00) Dollars, (there-
after called "Purchase Price") which Purchase Price is substantially less
than the fair market value of the Property. Said Purchase Price is payable at
the times and in the manner following:
(a) Ten percent (10%) of the Pruchase Price to be paid in cash upon
execution of this Agreement, receipt of which is hereby acknowledged; and
(b) The balance of $630,000.00 in cash upon closing which shall be on
or before May 31, 1980.
IN CONSIDERATION WHEREOF. Seller agrees to convey said Property to said
Purchaser by good and sufficient Warranty Deed, with fee simple. marketable
title. free and clear of all encumbrances of record. Purchaser will bear cost
of title insurance or abstract of title; documentary tax stamps, and recording
the deed.
Purchaser shall have five (5) days after delivery of abstract or title
, insurance commitment for examination and acceptance thereof, and/or to notify
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, Seller, in writing of any objections to said title. If no notification is
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received by Seller within said time, then said title shall be conclusively
deemed to be acceptable to Purchaser. In event Seller's title is not good
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and marketable of record, it shall have a reasonable time thereafter to perfect
same, and if such defects are not cured within such reasonable time, then
Purchaser may demand the return of all earnest monies paid by it and cancel
this contract, or waive the defects and accept the Property without deduction
on account of said defects. If Purchaser shall default under this contract,
the earnest money deposit shall be retained by Seller in lieu of liquidated
damages and/or as rental for the premises.
Taxes owed on closing date, 1980, and prior years shall be paid by the
Seller at the time of closing.
This Agreement shall be binding on the successors and assigns of the
parties hereto.
Seller hereby agrees to give possession of the Property to Purchaser
upon closing.
the day and year first above written.
IN WITNESS WHEREOF, the parties hereto have set their hands and seals
Signed, sealed & delivered in the
presence of:
(As to Seller)
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Sandra J. Rupp , ',~
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City ,
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Attest: ~~Lv'~
Ci ty Cletk
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Parcel 1
Parcel 2
?arcel 3
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EX;{I3IT ~
::.::e 's~,..; 1/ ~ of
Renee 16 :::.2st,
The North 3/4 of the SW 1/4 of
Section 9, Townshic 29 South,
P-inellas Coun~YI Florida, L2SS :Z:".?C1--: ~~?_-=-:...C~
FIRST ADD IT IO-e-~ I a 5 recorded in ? l ?".:' 3. ~~:< ~ 9 J
cage 48, of the Public ~ecords of?i~~ll~s
20unty; Fiorida, and that part lyi~g North of
the Westerly ?=ojeet~on of t~~ SQ~th jc~nda=y
thereof and LESS the South 3S feet thereof.
South 1/4 of the SW 1/4 of t~e S~ 1/4 of Sect~o
9, Town s hi? 2 9 5 aut h , ? a:1 eel 6 ~ a s t, 'L ~ S S t :-. e
South 30 feet t~e=ea~, and also ,t~e fcllc~i~S
described tract: begin at ::.~e ~~ c==~er ~=
t~~ ~~ 1/' o~ ~~~ ~.~ '/4 o~ ~ c~~o~ Q ~c .-
J.. _ :::. ('I. ... ~ '__. _ -' "'1 _ '" _;:J e '_ _ ,. -' - w - - .l. 0
and ::un S-outh Gall.' 211 t~e'stl =.lc:-.; :.':1e ~c5-:'
line of t:-: e s a i Co Sc,-4 1/ It of the S'1'7 1 / ~,3 S S . "7 3 =- e
to the Point o~ 3egi~ninSI t~'e~ce c~~~i~~e Sc~~
0=11' 2" \'iest ~long said S2.st li,;e of :,:-,e S'''; l/!'
:: t' <:;." 1 / ~ ~ - = '~ ... " ' . .
o~ ne _" _ ~, ~~ ~ee~ ~o 2. ?o~n~, SalG ?Clnt.
being on the Nort.h line of the Sc~th 1/4 of
t' S~.l 1/4 -,. S',' 1/' - " - " ,...
ne n 0= ~ne n _ ~ 0: sa~c :::'2C~lO~ ~,
thence Nort.h 89027'0" :'iest, 210ilS' :::-.e :;o=tr-, :.:...-:
of the Sout.h 1/~ of the SW 1/4 of ~he S~,l/~ ~:
said Section 91 l,337.76 feet tc c pci~~ C~
....nQ "=st ' ; -~ ~:: ~.~~ cr' , /' 0:: ....~.::> ~.~ ~ / ~ 0::
\-. _ ~_ "'_"_ V~ '-.._ -,,'I J." _ '0....... _r'. ~.., w
sa lo. See t ion 9; t:-: e n c e No::- t..:1. 0 0 ::. 4 I 2:" ~ ~ s ~ - - - .,
saia~ T'~Qst 1i-.= 0; "'~e S" '/4; ~'~Q ~',' '/' 0_':
_ )'_ __,._ _ \-.. '1'1 _ .. 0_ _.._ _II _ ...
said Section 9, 36.08 feet, thence Sc~~h
89=24'14" 2ast, 1,337.75 feet to ~>.e ?Ci;-l~ of
Beginning.
2ast 1/2 of t.he South 1/2 of 52 l/~ cf S~l/~
of Section 8, 7=~~s~i? 29 So~~h, ~a~'~e 15' ~2S~1
?inellas County, Flo=i~a'l L~SS t~e SO~~~ 30 :~~
and PLCS the West 1/2 of the So~th 1/2 of ~~~
S~ .1/4 0:: S;:- , /.1 o::R-,o-l;' ';"=-<::;:: .....-:> -;-'-
_ _.., J.. _ _ ~ _ _ _..; _ '-.J I --' _ _ ...J -.. . - - - - -
cesc=i=ec i~ ~eeci 30ck ~_:S25, ~~~= lQ~
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