ALFRED BRIDGES
~ CO!II""';I 101\ ~;,'\LE MID l'UIILII^"E !
PAnTIES: Alfred S. Bridges and Ann Bridges, his wife '----..--
17 ,Scott Street. C earwa~ r. m ' 442~5906
. . (phone "
ci ty of Clearwater,' Florida> a Florida Municip, al Corpo-ion ("S ".
. _ _ L~~ ~~ I
01 ,P. O. Box 4748, Clearwater, Fl. 34618-4748 ' ' (Phone 462-6042 )
he,eby aoreo Iha~lho Sellor .h~1I sell and, BI')'or sh~1I b<'y Iho IOIlQwil1g re~1 p'operly ("nenl r~.Qerlt'.) nlld pel"onal proporly ("~dnaIlY") (coJlecl/voly :FroperIY", upon Ihe 10JloVlIrv,
lero.. and cOlldlhon.. which I~ICLUDE Iha Slondard. lor neol Eslnlu Tronsocllon. t"Slnn<lold[.)"Ji)r1nled Oil Iho roversa or atl~che and any Riders on Addenda 10 Ihls Inslrumen:
1. · DESCnIPTlON:' .' '
, (~) Legal descrlpllon 01 Real Properly locoled In pine 11 as Counly. Florida: Th P. S 011 t h 1 00 f p p t n f Tnt ')
.
Block 3. C. E. JACKSON'S SUBDIVISION. according to"th~pm:1p or pl,qt thf>rpnf,q~ TPrnTr!pr! ;n
Plat Book H-2. Page 96, Public Rp.cords'of Pinf>11,q~ r.n,mty F'lnr;r!"l j-ogej-he~ ~'J;i::h :l1~ imprOH~ment:
(b)' Slreel address.clly.zlP.o; Iha I'ronerly I.: 1010 Engman Street,Clearwater. 'Fl, 34615
(c) Personally: NONE . REAL PROPERTY & IMPROVEMENTS ARE BEING PURCHASED TN "AS' IS" r.ONnTTTON AS 01<' THE
EFFECTIVE DATE OF THIS AGREEMENT, SUBJECT TO CONDITIONS CONTAINED HEREIN. SELLER HAS NO
OBLIGATION TO REPAIR IMPROVEMENTS UNDER STANDARDS liD" & "N" OF THIS AGREEMENT.
n;.f."~r"\
01
(lnG'
II.
punCHASE pnlCE ...,......... .....,c.... .........'. ,.... ,..,:.... ..... ........ .......,.., ..,......,.......,.......,............ ....... ........... ........,..... $
PAYMENT:
N1A
Deposil(s) 10 be held In escrow by . in Ihe orriounl 01 .' $
Addillonal escrow deposit wllhln NI A days aller Ellecilve 0010 III Ihe amollnt 01................,.................................... $
Subjecllo AND essumpllon 01 morlgag~ In good slanding In favor 01,' , N / A
14;000 00
N/A
N/A
(a)
(b)
(c)
having an approximale present principal balance of ,. $
% (seo Addend,um) In amounl of ................................., $
IV, FINANCING:
(a) 11 lhe purchase price or ally...e.nrl 01 il i. 10 be IInnnced by a Ihird,pady lonn. Ihis Conlracl I. condilloned on Iha Buyer obtaining a wrlllen commilmenl lor (CHECK [II
or (2) or (3)): (I) 0 0 lixcd. (2) U an ndluslable or (3) 0 n IIxed or .di"slahle role 10anwllhinJi,LA. days oller Ellecllve Oalo at an Inlllallnlerest role nollo exeeed..1l/.:A- 'Yo.
lerm of N / A yeilrs and for Ihe principal omounl 01 S N I A ,Ouyer will make applicallon wilhln N I A ' days oller Ellecllve Dale and use reasonable
diligence 10 oblain Ihe loan comrni\menl and, therealler. 10 I11eel Ihc lerl11s and condilions 01 Ihe commilmenl and close Ihe loan. Buyer shall pay all loan expenSeS. II Suyer
lails 10 obtain Iho commilmenl or falls 10 waive Suyer's righls under Ihls subparagraph wllhi" Iho lima for oblalnlng Iha commilmcnl or aller diligent ellort lails 10 meel Ihe
lerms and condilions of the commi\ment. Ihen allher party Iherealler by prompl vuillen nollce 10 the olher may cancel Iho Conlrael and Buyer shall be refunded Ihe deposi\(s),
(b) lhe existing morlgage described In Paragraph lI(c) abovo has (CIIECI( (I) or (2)): ( 1) 0 a variable Inleresl rale or (2) 0 Q IIxed Inleresl rale 01 N I A 'Y. per anlium.
,AI "m~ ~, li"~ Iransler some IIxed Inleres; rales ore subiecl 10 Increa~e, II Increased: Ihe ralo shall not exceed N / A 'Y. per annum. Seller shall. wilhln : N / A days all~r
I Elleclive Dole, rumlsh slalemenls 'rom 011 morlgagees slelin\j principal balances'. melhod 01 payment. Inlerest rele and slalus 01 r"orlg<1ges.1I Buyer ha5 og,eed 10 assume a
morlgage which requires approval of Buyer by thl) I110rlgngee tor ass'-Nm~n. Ihen Suyer shall promptly obtain tII/~ulred applications and will diligenlly complete and reluln
Ihem 10 Iho mortgagee, AIfoJ morlgageo charge(s) nol 10 exceed $ ,I shall be paId by (If nol IIlIed In. equally divided). II Buyer Is nol
accepled by morlgagee or Ihe requirements lor ossumplion arQ nol In accordance' with Iho Inrms 01 Ihls Conlract or morlgagec maltes a charge In excess 01 Iho slaled amoun!.
Seller ,or Buyer may rescind Ihls Conlract by prom pI wrlllen nollce 10 the olher parly unless eilher eleels 10 pay the Increase In Inlerost role or excess mortgagee charges,
V, TITLE EVIDENCE: Alleasl 15 (lays be/Ole closing dale. Seller~hall.al Seller's expense, deliver 10 Buyer or Buyer's atlorney. In accordance wilh Slnndnrd A"
(CHECI( (I) or (2)): (1) 0 abslract of 111 Ie or (2) 1XI 11110 Insumnce cornmilmenl and. nll~i!Q~~. Q.wn\t(s,.noli~TOJ 1It101"~urnn"q, .
, " ' NUT LA1EK TtlA~ YU DAYS FOLLOWING EFFECTIVE DATE. '
VI. CLOSING DATE: lhis Iransacllon shall be closed and Ihe deed and olhpf closing papels delivered on ' ,(';( ,unless exlended by other provisions 01 Conlract.
VII, RESTnICTIONS; EASEMENTS; LIMITATIONS: Buyer shnlllnke \itle sul1lecllo: zoning. reslrlc\ions. prohibillons and olher reQulremenls Imposed by govern(ilcnlal autholily; restrictions
and milllers appearing on lhe plat or olherwlse common 10 Ihe subdivision; public u\ilily easomenls 01 rocord (casernenis are 10 be localed contlguou. to Real Properly lines and
ml more Ihan 10 leel In width as 10 Ihe rear or Ironl lines 1In<1 7'h leel In widlh as to Ihe side lines. unloss otherwise slaled herein); laxes lor year or closing and subse,~ue',l
years; assumed mortgages and purchase money morlgages. if any; olher: NONE
: provid~d,
Ihat there exists al closing no vIola lion of the loregoing and no no ollhem prevonlsusc of noal Properly for N on-Conune r ci alP arki ng purpose(s),
VIII. OCCUPANCY: Seller warrants Ihol Ihere are no pol lies In occupancy olher tllan Seller; bul. II Properly Is Inlondcd 10 be renled or occupkld beyond closing. Ihe lacl and lerms
Ihereol shall be slaled herein and the lenanl(s) or occupanls disclosed pursuant 10 Slandard F. Seller agreos \0 deliver occupancy 01 Proporly at limo of closing unless 0lllerw1se
slaled hereIn. II occupancy Is 10 be delivered belore closir'9. Buyer assunles all risk of loss 10 Properly Irorn dale 01 occupancy. shall ba responsible and liablo lor mainlnnallce from
Ihal dale. Dnd shall be deemed to have Dccepled Properly In lis exlsllng condillon as 01 lime of lol~ing occupancy unless olllerwlse slaled herein or In a seporale wrlling.
IX, 'TYPEWRITTEN on HANDWnlTTEN I'nOVISIONS: Typewrlllcn or h<indwrlltcn provisions sl1all conlrol nil prinled provlsio~s 01 Conlraclln conlllcl wilh Ihern.
X. RIDERS: (CHECI( if any ollhe following nlder. are applicable and arc aliached 10 Ihis Conlracl):
(.) 0 COASTAL CONSTnUCTION CONTnOlllNE nlOEIl (c) 0 fonEIGN INVESTMENT IN ilEAL rnoPEmy TAX ACT nlOEn'
\b) 0 CONDOMINIUM nrOEn i (dID INSUUlIION n;OEn
(e) 0 F1IAIVA nlOEn
(II OonlEn:
XI, ASSIGNABILITY: (CHECI( (1) or (2)): Suyer (1) 0 may assign or (2) tKJ lTlay nol assiglllhis Conlrac\.
XII. SPECIAL CLAUSES': (CHECK (!l or (2)): Addendum (1) Qg I. atlnchod or (2) 0 lhelH ;. no Addelldum,
XIII, TIME IS OF THE ESSENCE OF nus CONTRACT.
XIV. DISCLOSUnES: BlIyer O. acknowledges or 0 does nol acknowled\)o ro<;eipl 01 Iho ag'1I'lcy/rnd?n/comnensallon olld esllmaled closIng cosls disclosure.....
BUY En'S IHITIAlS
N/A
CITY
T1-1IS IS INTENDED TO BE A LEGALLY nlNDING CONTRACT. ,
IF NOT FULLY UNDEIlSTOOD, SEEK 'THE ADVICE Or: AN ATTOIlNEY PIlIOR TO SIGNING.
nlls FonM HAS SEEN APpn,jvED BY nlE FLonlOA ASSOCIATIOH Of nEAL10flS AND THE FLOfllDA BAR,
Approval does nol conslilulo sn opInIon Ilia 1 any 01 1110 10'/I1S olld condiliorls in IlIls Con(rucl slrolJld bo occepled by t/IO po In e part/culw transact/on
,,' !!'.!d_.~ondillons SllOUld bo nogo(/oled bosed I/pr.n t/IO re~;pect/vo ;n(crosls, ob/oct/vas or rgalll/llg poslllon,s IIllIteresled pcrsons,
OF GLE1IRW1\TER, FLORID1I COPynlGH11991 OY TilE rLOn\OA [lNl A~IO HIE FlOnlOA SO I J OF ons
Oat.. 9jtrt/e;y - - - - - - ~ -
oat..:tpJp-y_
---------------
Tcnns
W~~~!.
Social Security of Tax 1.0, I , "7
"~~~I- ""'" 9J1h_~/yZ-'-<- \~ ~'~c..
Cy ,I... r:..~~""'lt , ,- ,/
~ , IJnte cr/le;/fif- ,',
i\Ta;,s:-TI;;;n;et,'I..~-1?rt:ylittcr"n;;y ~' - SOcial Ser;unly or Tax 1.0, ,
D<ipos;lunde'-'pQr"grap~ lito) recel~ed; IF OTHER THAN CASH, THEN SUBJECT TO CLEAnANCE. '
BnOKEn'S FEE: (CHECK AI~E1J::?MPLE1E HlE ON\: APPLICABLE) By:
o IF A L1SlING AOREEMEl1ill C\JI1IlEt~!I.Y IN EFI'E~. ..'. "
Seller agrees 10 pay tho Broker r.u.iie(JDCTo\\". ,nelvdlng cooper~lIng sllb'agnllls nnmod. nccordinlllo l!l~)O""S 01 an exlsllnll, separ~19 IIsllng agreemenl: .
OR
o
?Af/YDall
I
(EscroW Agenl
If NO LISTING AGRHMENT IS CUnnENTLY ItlI!FFECT:
SCi~; 10 pay Iho Broker nllnled Ilef"O"W,"aillmoorciiis;;,o. from Iho dlsl'ursemcnls 01 Iho proceads 01 Iho s.le, eompens.lIon In Iho arnount 01 (COMPLE IE OrlL Y OIH
_ ')',01 gross pilrchose prlea or $ lor Bmkor's .ervlces In ellc<:llng tho sale by findillg lhe Oilyer raody. willing and able 10 purehaso pursuant 10,lho 10ro\)0;(1
Conhacl. \I Buyer IoU. 10 perform ~f)d deposll(s)Is relolned, 50'Y. Ihereol, b<.l nol exceeding lhp. Orol..r'. 100 above provided, shall bo paid nroker as lull conslderalion lor Beoker
service.. Including cosls expended by Sroker, al1d Ihe bolanco sh~1I be nold 10 5"lIor, II 1110 Iran,acllon sholl nol c1oso bocau.o 01 ro/usnt or lailuro 01 Seller 10 perform. Seller sh:
pay Ihe lull lee 10 Broker on domand. In any IIIlgollon arising oul of \ho Cm"racl concerning Iha Broker'. 100, lhe provaillllO parly shall rocover reasonable ollornoy"s lec. nnd co,1
[iiI III namq olli"lir'1 [\IIlkel)
(lilll1l1::lIhr. of :-l~~lil'q (\IO~(,()
()f.;il",)
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. STA'RDS FOR REAL ESTATE TRAlJSA"*,,S
A. EVIDENCE OF TlTLE: (I) An obslracl 01 IIl1e prepared or brOu{1ht current by e repulable and oxlsllng obs"a"t IirmTnot existing Ihen cerlilled OS correct by an exIsting lirm}
, p"rpOrling \0 be an accurele .ynopsls 01 Ihe Inslrumenls elleclino IlIle 10 Ihe Real PlOperly recorded In Ihe public records 01 lhe county wherein Real Properly Is localed IhrolOgh'
ElIective Date and wl)lch shall commence wllh Ihe earliest public records. or such laler clnle as may be cuslomary In Ihe county. Upon closing 01. Ihls transaction, lhe ob~lracl shal,1 ,
become lhe properly of Buyer, subject 10 the right 01 retenlionlhereol by lirsl morlgagee unlil lully paid, (2) A lille Insumnce commltmenl Issued by a Florida licensed 1IIIe Insurer
agreeing 10 Issue 10 Buyer, upon recording 01 Ihe cloed to Buyer, an owner's policy 01 titlo Insuianco In Ihe amounl 01 Ihe purchase price Insuring Buyer's' IlIle 10 Ihe Real Properly.
subJecl only 10 liens, encumbrancos. exceplions or qualificollon. sel lorlh In Ihls C6nlrocl and those which shull be dischnrgnd by Seller 01 or belore closing. Seller shall convey
markelable IIl1e subjecl only 10 lien., encumbrences, exceptions or Clualifications specilied in Iho Conlrac\. Markelable 11110 sholl be delermlned according 10 applicable lillo Slonda.ds,
adopled by aulhorily 01 The Florida Bar and in accordance wllh law. Buyer shall have 30 uays. II obslrocl, or 5 days. II lille commllment. Irorn uale 01 receiving evidence 01 lille'
to examine II. 11 tille Is lound delectlve, Buyor shall. within 3 days. noli/v Sollor III wrilinU SPGcilyinll <leloclls), II Iho dclucl(sllUndor lill~ ull,narkelable. Sell~r will have \20 doys Irorn
receipt 01 notice wllhlri which \0 remove Ihe delecl(s), lalllng which Buyer shall havo lI,e oplion 01 eilher accepllng Ihe lllle os II Ihen is or demanding a relund of depositlsl paid
which shalllmmedialely be relurned 10 Buyer; Ihereupon, Buyer and Sollor shnll rolease ono anoll>er 01 nlllorlherobligallons under Ihe Conlracl. Seller shall. if lille is lounu unmarket~ble.
use dillgenl eHorllo correct delect(s) In Ihe IIlle wi\hln Ihe lime provided therelor.lncludingtl\e bringing 01 necessary sulis, '
B. PURCHASE MONEY MORTGAGE; SECURITY AGREEMENT TO SELLER: A plOrchase money morl{lage anu morlgage nole 10 Seller shall provide lor 0 30'day greco period In
the event of delault II a IIrsl morlgago and 0 15.day grDce period II 0 second or losse. morloage; slllll1 provide lor righl 01 prepayrnenl In whole or In pDrl wilhoul ponally; sl\all
nol permil acceleralklll or Inleresl adjuslmenl in event 01 resale' 01 Ronl Properly; shall require 011 prior liens and encumbrances 10 be ~epl In good slonding end lorbld mOdilicalions
01 or lulura advances under prior morlgage(s); and Ihe morloage, nole and, securliy ogreemenl sholl bo olhorwise In lorm nnd conlenl raQulrad by Seller; bul Seller may only require
clauses customarily found in mortgages. morlgago noles and securlly agreemenls generally utilized by savings and loon Inslllullons or sfole or nOlional bonks localed In Ihe counly
whereio,Reol Property Is locoled. All Personally and leases being conveyed or assigned v,ill, al Seller's oplion. be subject 10 Ihe liell or a securily agreemenl evidenced by recorded
finnnclng slalernenls, II a balloon morlgage, Ihe IInal paymenl will exceeu Ihe periodic paymenls lI\ereon,
C. SURVEY: BU}'or. 01 Buyer's expenso. wilhln limo ellowed 10 deliver ,evldenco 01 lIi1e nnd to e_amino came. may ',ave Real Prop6rly surveyed end cerlified by a reglslered Florida
sorveyor.1I survey shows encroachment' oil Real Proporly or Ihnllmprovemenls located olll1enl P/Operly ellcronch on selback Iin(Js. eoseonenls. lands of olhors ,>f vlolale any reslrlctions.
Conlract covenanls or epplicable QOvernmenlal rogulation. Ihe same shall con51111110 0 11110 delee\. . ....' " ,," ," ..
D. .:TERMITES: Buyer. al Buyer's expense. wilhln lime allowed 10 deliver evidence 01 lIi1e and 10 exnmll\o same, may have Real Properly Inspecled by 0 Florida Cerlilied Pesl Conlrol
()p~ralor 10 dol ermine II Ihore Is any visible active lermlle Inleslailon or visible oxlsllno <lamnge Irom lermilo IlIloslallon in Ihe improvemenls. II eilher or bolh aro lound" Buyer will
have 4 clays Irom dale 01 writlen nollce Ihereol wllhln which 10 hnve all damnoes. whelher visible or nol. Inspecled and esllm'aled' by 'ri IIconsiid'llUilder or general 'conlraclor. Seller
shall pay valid cosls 01 trealment and repnir or all darnage up 10 2'(. 01 purchnse price, Should such cosls e.ceed Ihal amounl, Buyer shell have 'Ihe oplion 01 cancelling Conlrncl
wllh'n 5 days aller recelpl of conlraclor's repaIr esllmole by giving wrillen nollce 10 Seller or Buyer may elecl 10 proceed wllh the Irensocllon. In which evenl Buyer sholl receive
a credil al closing of an emount eQ\JaI 10 Ihe lolnl 01 Ihe treolmonl and repair esllmale nol In excess of 2'(. 01 Ihe purchase price, "Termiles' shall be deemed 10 Include all wood
,destroying orgnnlsms required 10 be reporled under Iho Florida Pesl .conlrol Acl.
'E. IHGRESS AND EORESS: Seller warranls and represenls Ihal Ihero Is Ingress and eoreS9 \0 Ihe Real Properly sullicienl lor the Inlended use es described In Paragraph VII hCleol.
, liile 10 which Is In accordance with Slandard A , ' " , ';., .'
F. LEASES: Seller sholl. nol less then 15 dnys belore closing, lurnlsh 10 Buyer copies ci/ all wrlllon loases and esloppel lollers from each tenanl specllylng Ihe nelure and dura lion
01 ihil 'Ietian!'s occupancy; 'renlal rales, advanced lelll end securily cleposils paid by, lenalll. II Seller Is unoblo 10 oblcin such leller Irom each lononl, Iho same Inlormalion sholl be
'Iurnlshed by Seller 10 Buyer wilhln Ihol lime period In Ihe lorm 01 0 Seller's allidavil. 'anll Buyer moy Iherealler conlncl lenonls 10 confirm such information, Seller shall, al closing.
deliver and assign all original leases 10 Buyer. . .,
G. LIENS: Seller shall furnish 10 Buyer al lime 01 closing en allldavll ollesllng 10 Iho obsence, unless 01herwlse provided lor herein. 01 eny financing slalemenls, claims 01 lien or
polenllnllienors known 10 Seller and lurlher allesllng Ihal thero hove been no Improvemenls or repairs 10 the Properly lor 90 days Irnmedial~ly preceding dale 01 closing, II Properly
has been Improved or repaired wilhln Ihat lime, Seller shall deliver relenses or waivers 01 mechanics' liens execuled by all general conlraclors. suLiconlraclors. suppliers and mnlerialmen
In addilion 10 Seller's lien allldavll selling lorlh Ihe names of ell such general conlraclors. subconJraclors. sup[lliers and materialmen and (urlher allirrnlno Ihal all charges lor Improvemenls
or repairs which could serve as Ii basis lor a rnechanlc's lien or a claim lor damages hnve been paid or will be paid 01 closing ollhls Conlrac\'
It. PLACE OF CLOSING: Closing shall be held In Ihe counl~ wherein Ihe Real Properly Is locnled allhe ollice ollhe allorney or olher closing agenl designaled by Seller.
I. T1ME: limo periods herein of less Ihan 6 days shall, In Ihe compulation eKclude SalllrrJays, Sundays and slnle or nnllona'i legal holidays, Rnd any lime period provided lor herein
which shall end on Salurday, Sunday or a legal holiday shall e~lend 10 5:00 p,rn, 01 the ne,' business day,
J, DOCUMENTS FOR CLOSING: Seller shalllurnlsh Ihe deed, bill of sale. mochanlc's lien ollidovit. asslgnnlenls 01 leases, lenanl and morlgagee esloppellellers and correcllve Inslrumenls,
Buyer shalllurnlsh closing slelemenl, mortgage, morlgage nolo. securily agreemenl nnd IInandng slolell1enls.
K, EXPENSES:' Documenlary slamps on Ihe deed and record'jng corro'cllve Inslrumenls shall be pnid by Seller. Documenlar~ slamps. intangible la~ and recording purchase money
morlgage 10 Seller. deed and Iinonclng slalemenls shall be paid by Buyer. '
L PRORATIONSj CREDITS: Taxes, assessmenls. renl. Inl~resl. Insurance and olher expenses and revenue 01 Properly sholl be proraled Ihrough day belore closing. Buyer shall have
Ihe option of laking over any existing policies of Insurence. II assumable. In which evenl premiums sholl be proraled. Cosh al closing shall be Increased or decreased as may be
required by prorallons. Prorallons will be mode Ihrough day prior 10 occupancy If occupancy occurs beloro closing: Advance renl and socurlly d~poslls will be credited 10 Buyer and
escrow deposits held by mortgagee w!1I be crediled 10 Seller. Taxes shall be proraled bnsed on Ihe currenl year's lax wilh due allowance made for maximum allowable discounl.
homesteod and olher exemplions. If closing occurs 01 a dale when Iho current year's millage Is nol fiy,ed and currenl year's assessmenl Is available. taxes will be proraled based
upon such assessmenl and Ihe prior year's millnoe, II current year's ossessmenlls nol available. Ihen laxes willee proraled on Iho prior year's lox, II Ihere are compleled Improvemenls
on the Reel Properly by,January ls1 01 year 01 closing which Improvemenls were not In ~xlslence on January ls1 01 Ihe prior year. Ihen laxes shall be prorated based upon Ihe
prior year's millage and at an, equitable assessmenl \0 be agreed lIpon belween th~ parlies, lailing which, rOQuesl will be made 10 Ihe Counly Properly Appraiser lor an Inlormal
assessment laking Inlo consideration available exemplions. Any lox prorallon based on on eslimole sholl. 01 requesl 01 ellher Buyer or Seller, be subseQuenlly readjusled upon receipl
01 lax bill on cohdilion thai a stalemenl to Ihal ellectls In Ihe ,closing slelemen\'
Ivi. SPECIAL ASSESSMENT LIENS; Cerlilled, conllrrned OIld rOlllled specinl ossessmenl liens as 01 dnle 01 closing (nol as 01 Ellective Dale) are to be paid by Seller, Pending liens
as 01 dale of closing sholl be assumed by Buyer, If Ihe Improvemenl has been subslontially compleled os of Elleclive Dale, such pending lien shall be considered cerll/led, conlirrned
or ratifledand Seller sholl, at closing. be charged an amounl equal 10 Ihe lasl eslimate'of assessmenllor Ihe Improvemenl b~' Ihe public body,
N, INSPECTION, REPAIR AND MAIIHENANCE: Seller worranls Ihal. as 01 10 day. prior 10 closing, Ihe .ceiling. roof (includlnglhe lascla and sollils) end exlerior and Inlerlor v::.!1s.
'seawalls (or eQuivalenll.anil dockage do not havo any VISIBLE EVIDENCE 01 leaks. waler damage or slrllcl",al damage and that the septic lank. pool. all appliaoces, rnech.r;~al
lIems, healing. cooling. eleclrlcal, plumbing systems and machinery are In WOnl<ING COr~OITION, Buyer may. al Buyer's expense. hava Inspeclions made of Ihose Items by a lirm
or Individual specializing in home Inspeclions and holding an occupalional license lor such purpo'se (iI requ1red) or by an approprlalely licensed florlda conlractor. Buyer shall. prior
to Buyer's occupancy or nol less Ihan 10 days prior 10 closing. whichever occurs' lirsl, re[loll In' wriling 10 Seller such items Ihol do nol meel the .::'ove Slandards as 10 delecls,
Unless Buyer reporls such defecls within thai lime. Buyer shall bu deemed 10 have waived Seller's warranlies as 10 delecls nol reported. II r!lpairs or replacemenls are required"
Seller shall causa such lepalrs 10 be made and shall pay up 10 3'(, 01 Ihe purchosa price lor sllch repairs or'relllncemenls as may be required In order 10 place such lIems in WORKING
I CONDITION. II the cost for such repairs or replacemenl exceeds 3'!. of Ihe purchase price. Buyer or Seller may elect 10 pay such excesS. failing which ellher\ party may cancel
I this Conlract. II Seller is unable 10 correcl Ihe de/ecls prior to closing. Ihe cosl thereol sholl be p~id Inlo escrow al closing, Soller will. upon reasonable nallce. provi~e ulililies service
and access 10 Ihe Properly lor Inspeclions. Including a walk'lhrough prior 10 closing, Belween 'Elleclive Dale and Ihe dole 01 closing. except lor repairs require\! by Ihls Standard.
, Seller shall maintain Properly. Including, bul nollimilod to. Ihe lawn and shrubbery, In Ihe condilion herein warronled. oruinary wenr end lear excepled,
10. RISK OF LOSS: II Ihe Properly Is damaged by lire or olher casllally beforo closing and cosl 01 resloralion does nol e.ceed 3.4 01 Ihe assessed valualion 01 Ihe Properly so
damaged, cosl of resloralion shall be an obligalion of Ihe Seller and closing sholl proceed pursllonl 10 Ihe lerms 0/ Conlracl wllh resloretion costs escrowed at closing, II Ihe cosl
",'01 resloralion exceeds 3"10 01 the essessed volualion 01 Ihe improvements so damaged, BLlyer shall have Ihe oplion 01 ellher taking Property os Is. logelher wilh eilher Ihe 3'~ or
ony insuranco proceeds payable by vlrlue 01 such loss or damage. or 01 cancelling Ihis CO'llracl and receiving relurn 01 deposil(S), ,
P. PROCEEDS OF SALE; CLOSING PROCEDURE: The de~d sholl be recordod upon clea/Mce of fllnds, 1/ abSlracl, evidence 01 Iille shall be conlinued el Buyer's expense 10 show
Iille In Buyer. wilhoul any encumbrances or change which would render Seller's Iille lInmnrl,etoble Irom Ihe dale of Ihe last evidence. Proceods 01, Ihe sale shall be held In escrow
by Seller's allornoy or by sllch olher muluallY occeplable e.crow ogenl for a period of nol longer Ihan 5 days /rom end allor closing dale, II Seller'. lille Is rendered unmarkelable',
Ihrough no faull 01 Buyer, Buyer shall, within Ihe 5.day poriod, nolily Seller In wrlllng 01 Ihe do/ecl and Seller shall have 30 days from dale of recelpl 01 such nollficalion 10 cure
Ihe defecl. If Seller lails Iii IImely cllre Ihe de feci. 011 deposll(s) and closing lunds shall, un on wrlllen demand by Buyer and wllhln 5 days aller demand. be relurned 10 Buyer end
slmulLaneously wllh such mpaymenl. Buyer shall relurn Personaliy and vacale Properly and reconvoy II 10 Seller by special warr anly deod, 1/ Buyer lails 10 make "mely demand for
refund. Buyer shell take IlIle lis I.. waiving 011 righls against Seller a. 10 any Inlervening dolccl excepl" as may be evallable 10 Buyer by vlrluo 01 warranlles conlalned In Ihe d~ed,
II e porlion 01 Ihe purchase price Is to be derived Irom Inslltutional financing or relinanclng. requircmenl90 01 Ihe lendino Inslilulion as 10 place, IIme ol'day and procedures lor closing.
and lor disbursemenl 01 morlgage proceeds shell conlrol over conlrary provision In Ihis Conlracl. Seller shall hove Ihe tight 10 require !rom the lending Inslllulion , 'wrlllen commilrnenl
IHal1l will nol wilhhold disbursement 01 morlgage procaods Q$ 0 resull 01 ony lillo delecl allribulable 10 Buyer'lIlorlgagor. The escrow and closing procedure required by Ihis Slandard
may be waived II IIl1e agenllnsures adverse moilers pursuanllo Seclion 627,7041. F,S, (1989). es amended, I '
'. O. ESCROW: Any ascrow agent ["Aqenl") receiving lunds or eClulvalenl I. oulhorlzed and agrees by acceplance 01 them to deposll them promplly, hold same in eSCfOW and. sulJjecl
10 clearance. disburse them In accordance wllh terms and condlllons 01 Conl/ocl. Follure 01 clearnnce 01 lunds shallnol excuse Buyer's performance, II In doubt as 10 Agen!'s dulies
'or liat.illlies under Ihe provisions 01 Conlrocl. Agenl rnay. al Agenl's opllon, conl/nue 10 hold,lhe suhject mailer 01 Iho escrow unlil Ihe parties mulually agree 10 its disbursemcnl
or unlil a ludgmenl 01 a court 01 con'pelenl jurisdicllon shall delermine Ihe rlOhls 01 Ihe pMlies or Agenl may deposil some with Ihe clerk 01 the clrcuil courl having JuriSdiclion
I 01 the dispule. Upon notifying all parl/es concerned of such ocllon. all Iiobilily on Ihe pori 0/ Agenl shall ILllly lerminale. excepl 10 Ihe exlenl 01 occounling lor any lIems previou~ly
dellvp.red oul 01 escrow. II ;j licensed real eslale broker, Agenl will comply, with provisions 01 Chopler 475. F,S, (1969). os amended. Any sull bel ween Buyer and SelieI' wherein Agenl
Is made ,a party because 01 aCling as Agenl hereunder, or In any suit where"l AlJenl Inlcrple6ds 1he subjoCI mailer 01 Ihe escrow. AI/nol sheil recover' reasonable allorney's lees
and cosls Incurred wilh Ihe lees and cosls 10 ba paid Ironl and oul 01. Ihe escrowed I"ntls or eCluivnl~nl and choroed and awarded os .C.P11t'. cosls In lavor 01 I~e prevailing porly.
Parties agrea thai Agenl shall not be Iiablo 10 any patly or person lor mlsdelivory Iq BlOyer or Seller 01 lIems subjecl 10 Ihis escrow,linless SUCll misdelivery Is due 10 willlul brench
01 Ihis Conlract or gross negligence of Agent.
R, ATTORNEY'S FEES; COSTS: In any Iiligollon arising oui 01 Ihis Controcl. Ihe prevailing patly in such liligation which. lor Ihe purposes of I,hls Slondacd. sh~lIincluda Seller. Buyer,
liSllng broker. Buyer's broker and any subngenls 10 Ihe listing brol<er or Buyer's brol<er. sholl be enlillcd 10 rccover reosolloble ollorney's fe~s al~'c....r,,">
, S, FAILUI1E OF PERFORMANCE: II Buyer lails 10 porlorm Ihls Conlr/lcl wllhln Iho lilllO 5pucilied. inclu(lillY ""Ylllelll 0/ nil deposll($), Ihe d'Olpo.it(sl paldJi.y !:1uyer and deposll(s)
agreed 10 be paid, may be relalned by or lor Ihe accounl 01 Seller os ogreed upon Iiqllid;,lod d,,,"aues. considcfillioll lor Ihe e,uclOlion 01 Ihls..Conlracl ~ril1ln !vII selllemenl 01 allY
claims; whereupon. Buyer and Seller,shall be relieved 01 all obligallons lIndar Conlracl: or Saller: al Seller's onlioll. may proceed in e'lully*, enlQ(ce Selle~.-,ight!- under Ihis Conlract.
II. lor any reasoll olher Ihan loilure 01 Soller 10 make Seller's IlIle ma,kela\)le oller diligelll ellurl, Seller Il,ils. ne(Jlecls or reluses \0 PCrfUiIl'l Ihis Conlracl,-tlio'lluyer may seek specillc
porlormaoce or elecllo receive Ihe relurn 01 Buyer's deposll!s} wilhoul thoreby wotving allY aclion lor damages resullillg/rom Seller's breach, ' ,
T, CONTRACT NOT RECORDABLE; PERSONS BOUND; NOTICE: Nellhar Ihis Conlrncl. nor allY 1I0lice 01 il. sholl be recorded fn llny public re,corCls., This Conlract shall bind and
Inure to Ihe benefil 01 the porlies and Ihelr succossors In Inlerest. Whenover Ihe cOlllo_1 perrnils, sill(J\llar shall Include plural 'and Ollcr '\)Cnde( shall Include all. Nolice given by or
10 Ihe allorney for any parly shall be os efleclive as iI given by or 10 Ihal patly, ' '
U. CONVEYANCE: Seller sholl convey tlllo' 10 Iho Real Properly LJy slolutory warronly. I",sleo's. persollol reprcsenlallve's or guordi,,"'s doed. 09 opproprlale 10 Iho stolus 01 5eller.
sllbjecl only 10 mnllers cOlltailled In Porngranh VII nnd Ihose olherwlso occenlnd by Ouyor, Personnlly shall. 01 reqlOesl 01 Buyer. be Iranslerred by on ebsolute bill 01 snle wllh wnrranly
of litle, subject only 10 such rnallers as may be olherwlse provided lor herein,
V. OTHER AGREEMENTS: No prlor or presenl agreemenls_ru:tllpreselllalions shall be 1>ill('IIIIg llpon Buyer or Seller ullless Included In Ihls Contracl. I~o modification or chanJe In
Ihis Conlract shall be valid or binding upon Ihe parlies unless In Willing and e.ecllled by Ihe porly or pntlies Inlell(\,'(\ 10 bo bound Ly II, ' ,
W. WARRANTIES: Seller warranls \hol Ihere ore no lilCls known 10 Seller nmlerlally aile cling Ihd v"I\le 01 tI", Real Properly whir.h ore nol readily observallle hy Buyer or which
n3eo'nol been disclosed 10 Buyer,
, .
". 'f" .,.!.
~
~-
"
.
,
P.DDENDUM
TO TH~T CERTAIN CONTRACT FOR SALE AND PURCHASE dated the
day of ' 1994, by and between Alfred S. Bridges
and Annie R. Bridges, his wife, (herein "Seller"), and the CITY OF
CLEARWATER, FLORIDA (nerein "Buyer"'), of property legally described
as the South'100 fiet of Lot 5, Bloek 3, C. E. JACKSON'S
SUBDIVISION, according to tne map or plat thereof as recorded in
Plat Book H-2, Page 96, of the publie Reeords of pinellas County,
Florida.
TO WIT:
1) Closing by Buyer of the transaetion contemplated herein is
subject to the following conditions having been met prior to
elosing:
~. Reeeipt of a satisfactory Envir'onmental Audit Report,
prepared at Buyer expense by city of Clearwater environmental
specialists, or by a piivately operated ~nvironmental investigative
firm contracted by the Buye~, eonfirming the subject property to be
free of oontamination by hazardous substances or wastes that would
either be in violation of any eurrent Federal, State or Loeal
environmental law, or would require environmental cleanup expenses
preliminar~ to using the property for the purposes of eonstructing
a non-comll\ercial parking lot thereon. \
B. Approval and Acceptance bv the Clearwater ci tv
commission of the price, terms and conditions of this contract For
Sale and p~rch~s~, with all attachments, within 45 days of receipt
of thisagre~ll\~nt by the city Real Estate Services Manager
following execution by Seller.
2) Seller agrees that Buyer, at Buyer option, expense and risk
shall hav~ tne right of entry upon the property to make surveys,
measurements, conduet environmental or engineering tests, and
otherwise make sucp physieal inspeetions and analyses thereof ~s
Buyer shall deem necessary. Buyer assumes all risks of such entry
and agrees to defend, indemnify and hold Seller harmless from and
against any claims, cost and expense resulting from any damage to
or destruction of the property, and any injury to or death of any
person(s) arising from the acts or omissions of Buyer" its
employee$, or its agents in exercising the rights granted herein.
Seller furtper agrees to cooperate with Buyer, its employees, or
agents to provide access as necessary to accomplish the
aforementioned purposes during normal business hours and wi tl1
reasonable notiee.
3) It is agreed by and between the parties that Buyer shall have
90 days following acceptance and approval of this agreement by the
Clearwater city Commission to complete and approve the results of
all surveys, measurements, environmental and/or engineering tests,
and all other physical inspections and analyses as Buyer shall deem
appropriate. If any of said conditions cannot be satisfactorily
w,
.
,
completed and finalized by Buyer during the time allowed, after
putting forth all good faith efforts to do so,Buyer shall have up
to 7 days following time allowed in this provision to so notify
Seller in writing, in which event the parties may eleet to extend
the time allowed by this provision or Buyer, at Buyer option, may
withdraw from this agreement by giving written notice to Seller.
Such notice shqll be deemed to have been delivered by depositing,
prepaid, said notice in the U. S. Mail, whereupon this agreement
shall be void thereafter in all respects and both parties shall be
relieved of any further obligations hereunder.
4) Seller and Buyer represent and agree they have dealt with no
broker or finder in connection with this transaction, and that no
fee or commission is owed or to be paid to any such broker or
finder in copneetion herewith.
5) RADON DISCLOSURE (Notice To Buyer): Radon is a naturally
oeeurring radioactive gas that, when it has aceumulated in a
building il1 suff iclent quanti ties, may present health risks to
persons who ,are exposed to it over time. Levels of Radon that
exceed federal anq state guidelines have been found in buildings in
Florida. Additional information regarding Radon and Radon testing
may be obtained from your county public health unit. This
disclosure is made pursuant to section 404.056(8), Florida
Statutes.
ACKNOWLEDGED and agreed as of the
written.
dat
/
'rst above"
~Y4-J3 ~
W6/~
W ESS
, '
,
CITY OF CLEARWATER, FLORIDA
By:
~ M f#:r~
Eliz eth M. Deptula
city Manager
Rita Garvey
Mayor-commission
.;. ,
Approved as to form and
cor7rtf0~ ;f7)
Alan s. Zimme ~ ~
Interim city Atto ney
ATTEST:
~.:z!J. . n.
. ynt-""" a E~. ::,' oucteau' -
i ty~~~erl<:~' _:,
Bridges2.ewb
, -
... --y-
~ir VIVIO I~U "--.JV"-v~vv
c..'"
\,
1. OFHA
T , P E
o F
LOA N
U,S, DEPARTMENT OF HOUSING AND URBAN EVELOPMENT
SETTLEMENT STATEMENT '
B.
2. 0 FMHA
3. 0 CONY. UN INS
4,
VA
5,
CON V. INS
8. FIL.E NUMBER"
7. LOAN NUMBER;
94-17130
8. MORTGAGE INS. CASE NO.:
~. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent
are shown. Items marked "(p.o. C.)" were paid outside the closing; they are shown here for informational purposes and are
not included in the totals.
J'~~s~;",9~W~:(~9'.CLEA~rIA~E~/FLa~IDA, a Florida Municipal Corporation
'n'~OS'fW!:OP'P'I(:E: B~]C}':47.1J".CLIUWA!ER, FL 34618-4748
ALFRED BRIDGES and ANNIE R. BRIDGES, his wife
1719 SCOTT STREET, CLEARWATER, FL 34615-2853
l..
:. NAME OF SELLER:
ADDRESS OF SELLER:
G.PROPEffiY LOT 5, LESS NORTH 50' BLOCK 3, C. E. JACKSONS SUBDIVISION
LOCATION: 1008-1010 ENGMAN STREET
CLEARWATER, FLORIDA 34615
')C~J'MtI:;\B()W' ;' /~pa~~:r,Q!;c:, '. '.
~o:1:W~,Q,U~H:!'i~.!!> '" ..: .~$/~03Y ,.:' ' "
CL~~'l'ER;;"'L()RIDA .' 'r?"'I,c'" "
I. SETTLEMENT DATE: December 7, 1994
J. SUMMARY OF BORROWER'S TRANSACTION
I,
, 6.00
ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE:
1', ~"','.\';.~t:'"",, "1', r'!i.l""" ;"f",,'..,'!~~,'t',ji:''iI,''~...,., ~;:':",:,;;'!,i:" ',,;::' t
',~;J~W!~,~~~ry~~t,t~t' 0 !
107, County taxes to
1J!8.t~~l(~~~;,.,..,,'. .'..;.,'.....""tl)
109.
404.
~.
ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE:
406. Cityltown taxes to
407. County taxes to
4Q8. Assessments to
409.
410,
411.
412.
104.
II 'I I I
501. Excess deposit (see instructions)
502. Settlementcharges'to ~lIer (1If1~ 1400)
503. Existing loan(s) taken subject to
504. Payoff of first mortgage loan WALLS
505. Payoff of second mortgage loan
506.
507.
~.
509.
1,253.72
6,373.14
II I I
201. Deposit or earnest money
20" Z., ~':erl;';'~r~' "'~';:~y':~.l(,:ftil~\Nllf'i.'i"\ "~;: .
....l,\l"IWW.l1,tl\~"'r.:!.I,..,' ~Qll'.4\"I' ,
203.. ~Xis~~gl?ar(s)..take,n.~.ub~ect to
204~ ~1~_ :,~,:i '!, ~{r??~ -~ - :,~ ~~ <~~;~!. ,~:%~f :':~ ~" :',l~;if^~r::~~ :,:I,t::" , ;';~ :~,: ::
205,
206:
207.
~1'
209.
ADJUSTMENTS FOR ITEMS UNPAID BY SELLER:
210. City/town taxes to
. 211.County"ta~$"; to
212. Assessments to
213. .
214,
211),
216.
ADJUSTMENTS FOR ITEMS UNPAID BY SELLER:
510. City/town taxes to
511. County taxes to
512, Assessments to
513.
514.
515.
516.
517.
518.
519.
520, TOTAL REDUCTIONS
0.00 IN AMOUNT DUE TO SELLER: ~
7,626.86
14,000,00
7,626.86)
300. CASH AT SETTLEMENT FROM/TO BORROWER: 600. CASH AT SETTLEMENT TO FROM SELLER:
301. ~,r~!,,~~W,~~~Jlld~20J':~B:e:.rt20)
302!;Ul~__~-.22O}
14 , 006 . 00 601. Gross amount, due to seller (line 420)
( ,,;'Q~,O~ 802. t.esstotal reductlons In amount due seller (line 520)
303. CASH
(~FROM) (0 TO) BORROWER:
14 , 006 . 00 603. CASH
(~ TO)
(0 FROM) SELLER:
~
6,373,14
8/89
1Ct
904.398.8615
~ 58,4,3538,000,1
,r HUD.1 (3-86)
RESPA, HB 4305,2
L SETTLEMENT
.', toO. TOTAL SALES/BROKER'S COMMISS~N:
BASED ON PRICE- $
CHARGES
@ %=
I
PAID FROM
BORROWER'S
FUNDS
AT
SETTLEMENT
PAID FROM
SELLER'S
FUNDS
AT
SETTLEMENT
702. $
!.S~~~~~lq~~~;~t",.,tllemeet,,:
704.
aNf1;}' '<:nrf'lft""if~ <;
~. .."",g~!~, "",J'V ,
802. Loan Discount %
a,~ ,> ~;A~Af wI ~l"l"1g~':)i""
~~~ttr,M,~~;t~d;J~t;':,:,~::',k>.;.-,
8O:,t ~~!tRee!>~! tC!i, '" " , "
an.:!'j~~;;:"~'lri ' ,".(,j!l ' " '
~~~~:"S,Il,tG~09t;!e,.8:";:,"',
806. Mortgage Insurance application fee to
aQ14ii~~if~~~t~j,~( :t",}(}:,
808.
809.:,
810.
81t
900, ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
~~IJ.l.ti!'~8.Ur9.lJ1j;' to
902, Mortgage insurance premium for
i~~~J~b,Ai:''i:''l
904. Flood Insurance Premium for 1
@$ y
/day
mOo to
, yrs. to
yrs. to
JD.Q'
1002.
f
~"~,,,~,,~;,g~~~R~~~~r ~~~s
lM(o,l!\IlIl ",~umtn
1006. Flood Insurance
',"~';i;'-iI/.&\l'W,':li,;;.>;;,,,,,<:;,~,It'it1',,,',',
'1wl'W.,lI:~(j;i,m",,,;,';ii'fr\j\;olI1,:; ,',:i.',
1008.
, ,.:;kmcmtl:!$::.@$
months @ $
,"i;< m()rtihltO$
months @ :&
month$ @$
""rn~nths@ $
,;,,::month.. $
, months $
per month
per month
per month
per month
per month
per month
per month
er month
1100 TITLE CHARGES'
1101. Settlement or closing fee to
11Q~.~t(aci'Oi:~'~:ii.,ch'to
1103. Title examination to
ii~.il;Wt:~)i~~;tp
1105. Document preparation to
1.jM~'ti:.,"i;;'~ 'f~,,;l;':~~4~!;t:)>
,.,~JWAftI" .J'~"W?~,1,rn~:~:.i~, i... '.
1107. Attorney's fees to
(inc/udes above items Numbers:
11<m.JltI.,ln$U)lri~.~:{1'n:r! Coastal Bonded Title Co. of Clearwater
'(~i!~i~i,i';i;'(:""I(l~i~Aii.:.t'('fIIS,NPmJws;
"4lolfJ:~~,ii..o; ~_,d,J~,-,~,~ J._XI~L...",~~ '., .~-"'" """ "'.' .',
1109. Lender's coverage $
,.1~1";;nwhAr'.$,ti.t\l"'rAM~:'~i!~;',-$ ,.,1, A, ,'I,Q"n..o". 0 0
",Wll!t,',b"~.",",,,,i!!~:.'l',!,l\'.~~ '"'.,' 7 Y
1111.
Coastal Bonded Title Co.
Coastal Bonded Title Co.
Coastal Bonded Title Co.
50,00
75.00
25.00
200.00
1
1202. City/county tax/stamps: Deed $
1,i)M"~tiif.ilit..vliisfln~J"M "'''i\AA;I.~''.'
.Mr.'D'l~~'!:lf~~~;;:;':i{::'t~_\I!S}:: .'
1204.
;1"
6.00
6.00
; Mortgage
~8":O' 0' ,,;;;":'f,:hii','u~iifllIM.lt:~1f..i2!\? ;;',',:"
~,- ;','., . ,3,,~~~'., ,~_~~t!t;Jj.1l~M.n,.,~,;,~;,~,:;;'",:V~~1;('" "
,:
98.00
! < :~;:,,: ,<'!~ \u 11~\ ~~:.' ~f: ~&~"; i ~ ;,t:,~~?; ~S~-
fI' '-.'..".,,: .,,'e" """ra".~I'.''';';''''';' J:'_~' . ','.
. , ,,' ~" ,!iliA", ,. .....,;.;<
W': 'FREif' 'TUIl 'A ,'~ ,.:,N""
";"~iH~J' ,.E;O:;"'~~"7:;t':;~,~9.~k~.9J:tI" ,,' ,"" ,,'
,,'!Il".'-!' ~:",.tli.Hi1li~,:,:p;~\!fi:)'~''':''''''i,,'i'Jr<!i. ,!": ",;
.lrEi.,"!'-_ . ,-.M:-!-::ttI;~~.:..~'!~itf\":'4\.;,;{"~i~~~' '1j', 'J~'.'<1<V'.'"
437.21
362,51
, /~,: ~
"
1400, TOTAL SETTLEMENT CHARGES (Enter on line 103, Section J - and - line 502, Section K)
~
6.00
1,253.72
A
d accurate statement of all receipts
y of HUD.1 Settlement Statement.
I have carefully reviewed the HUD.1 Settlement Statement and to the best of my knowledge and beli
and disbursements made on my account or by me in this transaction. I further certify that I hav r
Borrowers
Sellers
v prepared is a true and ac urate account of ~Wi~s~tior?~~~~iused or will cause the funds to be
Date np~pmhpr 7 1 qq4
, File No. 94-17130
o knowllngly m alse statements to the United States on this or any other similar form, Penalties upon conviction
I.onm.nt. Fo'det.". ..., TltI. ,. U.s. COd. 1001 .nd S.ctlon 1010.
Page 2
. 1
-I
I
'.
Commitment for Title Ins~rance
Issued by
C 18- 00 S 2 /'1
Nations Title Insurance
of New York Inc~
Natlons Title Insurance of New York Inc., a New York corporation. herein called the company, for a valuable
consideration, hereby commits to issue Its policy or policies of title insurance, as identified in Schedule A, In favor
of the proposed Insured named In Schedule A, as owner or mortgagee of the estate or Interest covered hereby in
the land described or referred to In Schedule A, upon payment of the premiums and charges therefor; all subject
to the provisions of Schedules A and B and to the Conditions and Stipulations hereof.
This Commitment shall be effective only when the identity of the proposed In,sured and the amount of the policy
or pOlicies committed for have been inserted in Schedule A hereof by the Company, either at the time of the issuance
of thIs Commitment or by subsequent endorsement.
This Commitment is preliminary to the Issuance 01 such policy or policies of title insurance and all liability and
obligations hereunder shall cease and terminate six months after the effective date hereof or when the policy or
policies committed for shall Issue, whichever first occurs, provided that the fai'lure to issue such policy or policies
Is not the fault of the Company.
IN WITNESS WHEREOF, Nations Title Insurance of New York Inc. has caused this Commitment to be signed as
of the effective date of Commitment shown in Schedule A, the Commitment tobecoma valid when countersignod
by an authorized signatory.
By:
Nations Title Insurance
of New York Inc.
~~~
President
~~cf~
:~f1"I, )!,!',';'IO'1I" "',
,I' . "
COASTA~~6NDED TITLE co.<Vl "
'.~i: OF CLEA.RWAT~~, .',li~;'"
, ".- I It 1 ~,"
I . f Y ~ . ..'.~ 1'"
"j,,:; .' !:A, '
501 S. Ft. Harrison. Clearwater, .~1l34~16
,1(813) 442-9671: :[~!I\lt>:
'Servlng Pinollas Co, Slnce'1~70~ ~i~:
.' 4~.J I. '. ..1. d~'~!::.'~,;
Attest:
.J
Suuratary
2SS~
AL T A Commitment Form
. .
I I
COMMITMENT FOR TITLE INSURANCE
,',
^L 1 A COMMITMENl
&.hMulu A
SCHEDULE A
Effective Date: 10/14/ 94
05:00 PM
1, Policy or Policies to be issued:
Commitment No. C 1 8 - 0 0 8 2 7 1
File No: 94-17130
(a) ALTA Owner's Policy
$ 14,000.00
Proposed Insured:
CITY OF CLEARWATER, FLORIDA, a Florida ~1unicipal Corporation
(b) AL TA Loan Policy
$
Proposed Insured:
2. rille to the Fee Simp 1 e estate or interest in the land described or
referred to in this Commltmenlls at the effective date hereof vested in:
ALFRED S, BRIDGES and ANNIE R, BRIDGES, his wife
3. The land referrod to in this Commitment is described as follows:
Lot 5, less the North 50 feet thereof, Block 3, C,E. JACKSONS
SUBDIVISION, according to the map or plat thereof, as recorded
in Plat Book 2, Page 96, of the Public Reoords of Hillsborough
County, Florida, of which Pinellas County was formerly a part.
This commitment Is Invalid unless the Insuring Provisions
and Schedules A and B are attached.
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At. TA COMMITMENT
Sehedule B-1
Florida
COMMITMENT FOR TITLE INSURANCE
SCHEDULE B-1
(REQUIREMENTS)
File No: 94-17130
Commitment No. C 18 - 008 271
1. The following are the requirements to be complied with:
A. Payment to, or for the account of, the seUers or mortgagors of the full consideration tor the estate or Interest to
be insured.
B, Payment of all taxes, assessments, levied and assessed against subject premises. which are due and payable,
C, Satisfactory evidence shall be produced that all improvC3ments and/or repairs or alterations thereto are
completed; that contractor, subcontractor, labor and materialmen are all paid in full.
D, Instruments In insurable form whIch must be executed, delivered and duly filed for record.
1. Payment of 1993 taxes.
2. Satisfaction of that certain mortgage filed in a.R. Book
5784, Page 1375, Public Records of Pinellas County, Florida.
3, Warranty Deed from ALFRED S. BRIDGES and ANNIE R.
BRIDGES, his wife, to CITY OF CLEARWATER, FLORIDA, a Florida
Municipal Corporation.
4, NOTE: If closing occurs after Novemqer 1, 1994, 1994 taxes
will be due and payable.
Schedule B-1 consists of _, ~ rages,
illis commitment is invalid unless tI)e Insuring Provisions
and Schedules A nnd B are attached.
~~5
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.
I
COMMITMENT FOR TITLE INSURANCE
I
COMMITMENT
Schcdulu 6,11
(Florida)
SCHEDULE 8-11
File No: 94-17130
Commitment No,
c ]8-008271
Schedulo B of the Policy or policies to be issued will contain exceptions to tho following matters unless the same are
disposed of to the satisfaction of the Company;
1. Defocts, liens, encumbrances. adverse claims or other mallers, if any, created, first appearing in the public records
or attaching subsequent to the effectivo date heroof but prior to the date the proposod Insured acquires for value of
record the estate or interest or mortgage thoreon covored by the Commitment.
2, Rights or claims of parties in possession not shown by the public records,
3, Encroachments, overlaps, boundary line disputes. and any other rlliltters Wllich would be disclosed by an accurate
survey and inspection of the premises.
4. E:asements or claims of easements not shown by the public records.
5. Any lien or right to lien for servicos, labor or material, heretofore or hereaftor furnished. imposed by law and not shown
by the public records.
(3, Any adverse claim to any portion of said land which has been created by al1ificial means or 118$ accreted to any such
pOl1ion so created and riparian rights. if any.
7. Taxes or assessments which are not shown as existing liens by the records of any taxing authority that levies taxas
or assossments on real proporty or by the public record, Procoedings by a. public agency which may result in taxes
or assessments, or notice of suc;h proceedings. whether or not shown by the records of SllCh agency or the public
record.
8. Subject to 1993 taxes whiCh are delinquent and taxes for the
year 1994 and thereafter, which are not yel due and payable.
9. Subject to mortgage executed by P.R,? INVESTMENTS, INC., to
JESSIE M. WALLS, dated May 7, 1984, filed June 18, 1984, in a.R.
Book 5784, Page 1375, Public Records of Pinellas County, Florida,
in the original principal amount of $14,000.00.
Scl1edule B.II consists of
1
_ pages,
This commitment is invalid unless the Insuring Provisions
and Schedules A and B are attached,
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INST # 94-072104
_MAl'll , i 99_4 5 : 4 2~~
A.D. 19 94
Tlfs Warranty Deed
Made this 11th day of March
b~LFRED BRIDGES, a married man
PINELLAS COUNTY FLA.
OFF.REC.BK 8594 PG 620
hereinafter called the grantor, to .. .,'
CITY OF CLEARWATER, FLORIDA, a Florida Municipal
Corporation
whose post office address is:
POST OFFICE BOX 4748
CLEARWATER, FL 34618-4748
Grantees' SSN:
hereinafter called the grantee:
(Whenever used herein the tenn .grantor" and "grantee" include all the parties to this instrument and the
hein;, legal representatives and assigns of individuals, and the successon; and assigns of cOIporations)
Witnesseth, that the grantor, for and in consideration of the sum of $ 10. 00
and other valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, remises,
releases, conveys and confirms unto the grantee, all that certain land situate in
PINELLAS County, Florida, viz:
THE SOUTH 100 FEET OF LOTS 6, AND 7, AND THE SOUTH 100 FEET,
LESS THE EAST 5 FEET OF LOT 8, OF BLOCK 3 OF C. E. JACKSON
SUBDIVISION AS RECORDED IN PLAT BOOK 2, PAGE 96, OF THE PUBLIC
RECORDS OF HILLSBOROUGH COUNTY, FLORIDA, OF WHICH PINELLAS
COUNTY WAS FORMERLY A PART.
The Grantor herein warrants and certifies that said propertv is not
the homestead of the qrantor as defined in Florida Constitution,
1968, Article X, Section IV.
Parcel Identification Number: 10/29/15/43596/003/0061
Together with all the tenements, hereditaments and appurtenances thereto belonging or in anywise appertaining.
To Have and to Hold, the same in fee simple forever,
And the grantor hereby covenants with said grantee that the grantor is lawfully seized of said land in fee simple;
that the grantor has good right and lawful authority to sell and convey said land; that the grantor hereby fully warrants
the title to said land and will defend the same against the lawful claims of all persons whomsoever; and that said land is
free of all encumbrances except taxes accruing subsequent to December 31, 19 93
In Witness Whereof, the said grantor has signed and sealed these presents the day and year first above
written.
Signed, sealed and delivered in our presence:
e: /' ~
j YNN HOFFSTE
C:{}{~
[ill
Name&:Address: ~FRED BRIDGES
/1719 Scott Street
C/ Clearwater, FL 34615
~
Name &. Address:
4cn?~/90 JMT 0.j-'_i1-94
.1o.I'......r:.r- I ~! U J. ..
!'ED-BRIDGES
RECORDING
oor ~TAMP roL' ECT-D,D?1Q
""0 \-' I '. "'" L . f\...... r
Name:
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Name:
, arne
ress:
State of
County of
FLORIDA
PINELI,AS
TOTfiL:
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,19
-94 ,
The foregoing instrument was acknowledged before me this 11 t h day of
by
ALFRED BRIDGES, a married man
who is personally known to me or who has produced
and who did take an oath.
,
Florida Drivers license as identification
PREPARED BY: LYNN HOFF STETTER
RECORD & RETURN TO:
COASTAL BONDED TITLE CO. OF CLEARWA'I'ER
501 S. FT. HARRISON SUITE 203
CLEARWATER, FL 34616 ~
File NO:94-16947\~
lYNNHOFfSn:Jl~ ,. Ol-I ) '.I)
NOlllry PubIc, .... of Florida . P nt a e'
M"y Comm, Exp. Dee. 17. 1994 - No. CC063453 N t lbj, '
Bonded lhru NotaIr Pubic Underwriters 0 aey u IC
My Commission Expires:
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f!" ~9:HH^cIJ:')rl.. S^LE .~!.!:-~~i2.~.!:..!l',S~
'PM;~~5:' ,\ I fred S-,-~DiL:_1l...:.._13ridgp", hUf;bi.l..lliL1L,1Yi~ as t];leir res pee tiv<~i.ntercs ts, may appemT;c8~::r:i
o( _1l.l9. f~" nt t 5..tL.e..e..t.....---C-le..an.z.::l t pr , I~--;- ~53_ l (Phone~i!.2...:=53_D..6__ )
and Ci C'{ of Clearwater, Florida a ~orida Municipal Corporation- ~(",1?..l!Y.!:.(i
0,",__[" ,0, Box 4748, Clearwater, Fl. 34618-4748 (Phone 462-6880 )
11ereby agree that Ihe Seller shall sell and Buyer shall buy Ihe (ollowing real property ("Real Property") and peff-onal properly ("Perso~") (collectively "Prop~") upon the fOllol'lin\
ler.')1s and condilions. which INCLUDE Ihe Standards for Real Estate Trans(lctions ("Stanclnrd(s)") printed on the reverse or atl(lched (lnd any Riders (lnd Addenda 10 this Instrument
I, DESCRIPTION:
((I) Leg(ll description 01 Real Property located in pi ne'll as County, Florida: Th e SOU [h 100 fee t 0 f Lot S 6,
7 and 8, LESS road, Block 3, C. E. JACKSON'S SUBDIVISION, according to the map or plat thereof
as recorded in Plat Book H-2, Page 96, Pub lic Records of pinellas County, .Florida
(b) Slreet address, cily. zip, or the Property is: 1000 Block of Engman Street, Clean<later, Florida
(c) Personally: NONE TO BE CONVEYED. ALL PERSONALTY, TO BEST KNOWLEDGE OF SELLE_, IS THIRD PARTY
OWNED. REAL PROPERTY & IMPROVEMENTS ARE BEING PURCHASED IN "AS IS" CONDITION AS OF DATE OF
THIS AGREEMENT, SUBJECT TO CONDITIONS CONTAINED HEREIN. SELLER HAS NO OB~IGATION TO REPAIR
, . ,UNDER STANDARDS "D" & "N" OF THIS AGREEMENT. 38,000.00
PURCHASE PRICE. ....... .........,. ...,...'.. .......,. ...,...... .".... ,..... ....,..,.... "....'...,..."".,'. .,'.""., .,. .,..... .........",... ,..,...., :s
II.
PAYMENT:
Deposit(s) 10 be held in escrow by N / A , in the amount or .. $
Additional escrow deposit within N / A days aner Effective Dale in the amount of ......,......,..,........,.......................... $
Subject to AND assumption ot mortgage in good standing in favor of N / A
having an approximale present principal balance or " $
N/A '
(d) Purchase money morlgage and note bearing annual interest at tflA- % (see Addend.um) in amount of ....,................,.........,.. $
(e) Olher: $
(I) Balance to close (U.S, cash, LOCALLY DRAWN certified or cashier's check), subject 10 adjuslments and prorations ...............,.. ,......., $ 38, Don nn
III. TIME FOR ACCEPTANCE; EFFECTIVE DATE; FACSIMILE: It this oller is not executed by and delivered to all parties OR FACT OF EXECUTION communicated in writing
between the parties on or before PKR A DDFNDTTM . Ihe deposit(s) will. at Buyer's oplion; be returned 10 Buyer and this offer withdrawn, A racsimile copy or this
Contract ror Sale and Purchase ("Contract") and any signatures hereon shall be considered for all purposes as originals. The date of Contract ("Elleclive Dat~") will be the dale when
the last one of the Buyer and Seller has signed this offer,
IV. FINANCING:
(a)
(b)
(c)
N/A
N/A
N/A
N/A
N/A
(a) It the purchase price or any part of it is 10 be financed by a third-party loan. this ContrClcl is conditioned on Ihe Buyer obtaining a written commitment for (CHECK (1)
or (2) or (3)): (1) On fixed, (2) 0 an adjustable or (3) 0 a fixed Of adjustable rate loan withinN,L.A- days after Ellective Dale at an initial fnlerest rate not 10 exceed.lil.,L...A.- 'Yo.
lerm o( _'filL years and for the principal amount or :s N LA . Buyer will make applicalion within N I A days after Elleclive D(lle and use reasonable
diligence to obtain the loa,) commilment and. thereafter, 10 meet the terms and conditions of the commitment and close the loan. Buyer shall pay all loan expenses. II Buyer
rails 10 oblain the commitment or fails to waive Buyer's rights under this subparagraph within the time lor oblaining the commitment or after diligent ellort rails 10 meet the
lerms and conditions 01 the commitmenl. then eilher party thereafler by prompl wrilten notice 10 the other may cancel the Contract and Buyer shall ~ ~RJnded Ihe deposit(s).
(b) The existing mortgage described in Paragraph lI(c) above has (CHECK (1) or (2)): (1) 0 a variable inleresl rale or (2) 0 a rixed interest rate of / . % per annum,
, At time ot tille transler some rixed inlerest rales are subject 10 increase, It increased. Ihe rate shall not exceed N / A % per annum, Seller shall, within ,N/ A days afler
Ellective Date. furnish statements from all mortgagees slaling principal balances~ method 01 paymenl. inlerest rate and slatus of mortgages, It Buyer has agreed 10 assume a
mortJ-'lage which requires approval of Buyer by the mortgagee lor assu~pljon, then Buyer shall prornplly oblain; all required applicati;lf1s and v.:ill diligenlly, ~omplele and ~eturn
them to the mortgagee, Any mortgagee charge(s) not 10 exceed $ filA shall be pa,d by, N _A ' (II not (1IIedln, equally divided), If Buyer IS not
accepted by mortgagee or the requirements for assumplion are not in accordance with the lerms of this Contract or mortgagee makes a charge in excess or the slated amounl.
Seller or Buyer may rescind this Contract by prompt wrillen notice to the olher parly unless either elects to pay the increase in interesl rate or excess morlgagee charges.
V. TITLE EVIDENCE: At least 1 ') days before closing date, Seller shall, al Seller's expense, deliver to Buyer or Buyer's attorney. in accordance wilh Slandard A,
(CHECK (1) or (2)): (1) 0 abstract 01 tille or (2)XX title insurance commitment and. afler closing, owner's policl'..ot Iille insurance,
. "<'-<NOT LATt:R THAN 90 DAYS AFTERViEFiEECT[[VE DATE.
VI. CLOSING DATE:, This transaction shall be closed and the deed and other closing papers delivered on ** ,unless exlended by other provisions of Contract.
VII, RESTRICTIONS; EASEMENTS; LIMITATIONS: Buyer shall take tille subject 10: zoning. restrictions, prohibilions and olher requirements imposed by government(ll aultlority; restriction"
2nd matters appearing on Ihe plat or otherwise common 10 lhe subdivision; publ.; utility case men Is of record (easements are 10 be local~d contiguous 10 Real Property lines and
nol more than 10 (eel in widlh as 10 the rear or (ronl lines and 7'h lee I in width as to the side lines. unless otherwise slated herein); taxes ror year 01 closing and subsequel',t
Years; assumed mortgages and purchase money mortgages. if any; other: NO~E
; provided,
that there exists at closing no violation or Ihe foregoing and none or Ihem prevents use of Real Property for Non -Commerc i alP arking purpose(s),
VIII. OCCUPANCY: Seller warrants that there are no parties in occupancy other Ihan Seller; but. if Properly is intended to be rented or occupied beyond closing. the lact and lerms .
thereor shall be stated herein and the tenant(s) or occupants disclosed pursuant to Standard F, Seller agrees to deliver occupancy or Properly al time of closing unless otherwise
stated herein, II occupancy is 10 be delivered berore closing, Buyer ,assumes all risk or loss 10 Property from date 01 occupancy, shall be responsibie and liable tor mainlenance from
Ihat date, and shall be d3emed to hava accepted Properly In its exisling condilion as of lime of taking occupancy unless otherwise stated herein or in a separate wriling.
IX. TYPEWRITTEN on HANDWRITTEN PROVISIONS: Typewritten or handwritten provisions sllall control all prinled provisions 01 Conlract in conflicl wi,lh Ihern.
X. RIDERS: (CHECK if any 01 the rollowing Riders are applicable and are altached to this Contract):
la) 0 COASTAL CONSTRUCTION CONTnOl LINE RIDER (e) 0 FOREIGN INVESTMENT IN RE^L PflOPERTY TAX ACT fllDER
(b) 0 CONDOMINIUM RIDER (d) 0 INSUlMION RIDER
(e) 0 FHMVA RIDER
(II rn OTHER: Radon (Sp.f' AcJdpruJ,um)
XI. ASSIGNABILITY: (CHECI< ( 1) or (2)): Buyer (1) 0 may assign or (2) Kl may not assign this Conlr(lct.
XII. SPECIAL CLAUSES: (CHECK (1) or (2)): Addendum (1) KJ is allached or (2) 0 there is no Addendum,
XIII. TIME IS OF THE ESSENCE OF THIS CONTRACT, BUYEn'S INITIALS
XIV, DISCLOSURES: Buyer tJ, acknowledges or 0 does not acknowledge receipt of Ih~~/radon1EX'X!*'X*'ifx~~*~~*:x:disclosures,..'
THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT.
IF NOT FULLY UNDERSTOOD, SEEK THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING, 1
THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATIOt~ OF RE^LTOnS A~ THE FLOnlDA BAR,
Ap(xOV'dl dcps not constitute an opinion tl1al any 01 tl1e lenns and conditions ill tllis Confidcl should be accllXed by Ille p s in a particular transaction. Tenns
_ md cOriditiO;l1S should be negotiated based upon tl1e respective interests, cbjecti,'es and barg Ing position all interested pe/So/ls.
COPYRIGHT 1991 BY THE FLOnlDA BAR A~JD THE FLORIDA AS F R'E
/~A Dnte
. . . .. -
CITY OF CLEAnwA7cK -_
J]y~__q~i.; !4'R~~.-'-",,--, ~#
E,l~Z~,;~,~hl I _ _rim City Ma;ger.
AJ:Le,sJ. ~~--;-'. ..'_ -'-~~1 'f
Rl '3 (nCVl.y &l\i( r..-{39mm'ssl
~- -
Dale
Date
SedJI Securil:,'" or :rax 1.0, ,~
*5/93. Date,
er
/ J.;1f /9<{
-. 1~!'I'L- Date
Gal T31tt> r ,Cit~j At-,torney SocialSecurilyorTaxLD,#
" under Paragrapj"i,a) received; IF OTHER THAN CASH, THEN SUBJECT TO CLEARANCE,
B'iOKER'S FE : AND COMPLETE THE ONE APPLICABLE) By:
o IF A LISTING N:mEEME' RENTLY IN EFFECT'
Seller agreesfa pay the oker named ding cooperating sub-agents n~med. according to the)erms of on existi
OR
o
Clerk
Date
IF NO LISTING AGREEMENT IS CURRENTLY IN EFFEC ,
~rees to pay thesroker named below;aftime OTC/oslng, from 1 se e proceeds of Iho sale, compensation in Ihe amount of (COMPLETE ONLY ONE)
-- % of gross purchase price or $ ror Broker's servic cling finding Ihe Buyer ready, willing and able to purchase pursuant to the loregoing
Contract. It Buyer rails 10 perform and deposil(s) is f1JlainedP~' reo(. but nol exceeding the Broker va provided, shall be paid Broker as lu!l consideration tor l3roker's
services, Including costs expended by Broker, af ance shall be paid to Sell'lr. II Iho transaction sl1811 not c 0, ~ se of rerusal or railure 01 Seller to perform, Selier shall
pay the rull fee 10 Brok'lr on demallgallonarisingouloftheConlractconcerningthoBroker.slee.lI1e prevailing par
,me d 1i:,iiIY:J /jIOlo.t':f)
(lir:illl;t~:;f\qn'l)kl:'()
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. S.rANDARDS FOR REAL ESTATE TRANSACTIONS
,"""'---
A. EVIDENCE OF TITLE: (1) An abstract of tille prepared or brought currenl by a repulable and existing abstrac: firm (if not existing then certified as correct by an, existing fir'mJ
purporting to be an accurate synopsis of the Instruments alfecling tille to the Real Properly recorded in the public records of the counly wherein Reat Properly Is located through
Effective Date and which shall commence with the earliest public records. or such later date as may be customary in the county, Upon closing of Ihis, transaction, the abstract shall
become the property' of Buyer. subject to the right of retention thereof by first mortgagee until lully paid. (2) A tille insurance commitmenl issued by a Florida lic,ensed HlIe insurer
agreeing to issue to Buyer. upon recording of ltle deed to Buyer, an owner's policy of tille insurance in the amount of lhe purchase price insuring Buyer's tille to the Real Properly,
subjecl only to liens, encumbrances, exceptions or qualifications set forth in this Conlract and lIlose Wllicll shall be discharged by Seller at or belore closing, Seller shall convey
marketable tille subject only \0 liens, encumbrances, exceptions or qualifications specilied in the Contract. Marketabte tille shall be determined according to applicable Tille Standards
adopled by authority of The Florida Bar and in accordance with law, Buyer shall have 30 days, if abstract, Or 5 days, if lit Ie commitment, from date of receiving evidence 01 tille
to examine it. II tille is found defective, Buyer shall, within 3 days, notily Seller in writing specifying delect(s) If the dd,:,ct(s) rendm tille unmarketable, SellE:r win h"ve 120 ciays fr0m
receipt of notice within which to remove the defecl(s). failing which Buyer shall have Ihe option of either accepting the till.e as it then is or demanding a refund of deposit(s) paid
which shall immediately be returned to Buyer; thereupon, Buyer and Seller shall release one, another 01 all further obligations under the Contract. Seller shall, if title is found unmarketable,
use diligent effort to correct defect(sl in the litie within the time provided therefor, including the bringing of necessary suits,
B. PURCHASE MONEY MORTGAGE; SECURITY AGREEMENT TO SELLER: A purchase money mortgage and mortgage note to Seller shall provide for a 30'day grace period in
the event of defaull if a first mortgage and a 15.day grace period if a second or lesser mortgage; shall provide for right of prepayment in whole or in part without penally; shall
not permit acceleration or interest adjustment in evenl 01 resale of Real Property; sl,all require all prior liens and encumbrances fo be kept in good standing and lorbid modificalions
01 or lulura advances under prior mortgage(s); andlhe mortgage, nole and security agreement shall be otherwise in form and conlent required by Seller; but Seller may only require
clauses customarily found in mortgages, mortgage notes and security agreements generally utilized by savings and loan institutions or state or national banks localed in the county
whereioReaf Property is located, All Personally and ieases being conveyed or assigned will, at Seller's option, be subjecf to the lien of a securily agreement evidenced by recorded
financing stalements, If a balloon mortgage, ti,e final payment will exceed the periOdic paymenls thereon,
C, SURVEY: Buyer. al Buyer's expense, within time allowed to deliver evidence 01 title and to examine same, may have Real Property surveyed and certified by a registered Florida
surveyor, II survey shows encroachment' on Real Property or lhat improvemenls localed on l-1eal Property encroach on setback lines, easemenls, lands 01 others or violate any restrictions,
Contracf covenants or applicable governmental regulation, the same shall constitute a title defect. '
D. :TERMITES: Buyer, at Buyer's expense, within time allowed to deliver evidence of tille and to examine same, may Ilave Real Property inspected by a Florida Certified Pest Control
Operalor to determine if there is any visible active termile infestation or visible existing damage from termile inlestation in Ihe ,improvements, II eilher or both are found, Buyer will
have 4 ,days from date of written notice thereof within which 10 have all damages, whefher visible or not. inspected and estimaled by'ri Iicensed'bl,ilder or general contractor. Seller
shall pay valid costs 01 treatment and repair 01 all damage up 10 2% of purchase price, Should such costs exceed that amounl, Buyer shall I,ave the oplion of cancelling Contrnct
within 5 days aller receipi of contractor's repair estimate by giving writlen nolice to Seller or Buyer may eleel 10 proceed wilh the transaction, in which event Buyer shall receive
a credit at closing of an amount equal to the total of the trealmenl and repair estimate not. in excess of 2% 01 the purchase price. "Termites" shall be deemed to include all wood
destroying organisms required to be reported under the Florida Pest .control Act.
E, INGRESS AND EGRESS: Seller warrants and represents that there is ingress and egress to the Real Properly sufficient for the inlended use as described in Paragraph VII hereof,
tille 10 which is in accordance with Standard A.
F, LEASES: Seller shall, not less than 15 days belore closing, furnish to Buyer copies of all written leases and estoppel lellers from each tenant specifying the nature and duration
01 ihil'tehant's occupancy; rental rates, advanced rent and security deposits paid by lenant. If Seller is unable 10 obtain such leller lrom each lenant, the same inlormation shall be
'furnished by Seller to Buyer within that time period in the form of a Seller's affidavit,ancl Buyer may therealter conlact tenants fo confirm such inlormation. Seller shall, at closing, '
deliver and assign all original leases to Buyer. '
G. LIENS: Seller shall furnish to Buyer at time of closing an affidavit allesting to the absence, unless uiherwise provided for herein, of any financing statements, claims 01 lien or
polentiallienors known to Seller and further allesting that there have been no improvements or repairs to the Property for 90 days immedialely preceding date of closing. If Properly
has been improved or repaired within that lime, Seifer shall deliver releases or waivers of mechanics' liens execuled by all general contractors, subcbntractors, suppliers and materialmen
in addition to Seller's lien affidavit selling forlh the names of all such general contractors, subcontractors, suppliers and materialmen and further affirming that all charges for improvements
or repairs which could serve as a basis for a mechanic's lien or a claim for damages have been paid or will be paid at. closing of Ihis Contract.
H. PLACE OF CLOSING: Closing shalf be held in the county wherein the Real Property is localed at the office of Ihe allorney or other closing agent designated by Seller,
t. TIME: Time periOdS herein of less than 6 days shall in Ihe computation exclude Saturdays, Sundays and stale or naliona.j legal holidays, and any time period provided for herein
which shall end on Saturday, Sunday or a legal holiday shall extend to 5:00 p.m, of the nexl business day,
J. DOCUMENTS FOR CLOSING: Seller shall furnish the deed, bill of sale, mechanic's lien affidavit, assignments of leases, tenant and mortgagee esloppellellers and corrective inslruments,
Buyer shalllurnish closing statement, mortgage, morlgage nole, security agreement and financing stalements,
K, EXPENSES: Documentary stamps on the deed and recording corrective instruments shall be paid by Seller, Documentary stamps, intangible tax and recording purchase money
mortgage to Seller, deed and financing statements shall be paid by Buyer.
L PRORATIONS; CREDITS: Taxes, assessri,ents, rent, interest, insurance and other expenses and revenue of Property shall be prorated through day before closing, Buyer shall have
the option of taki~g over any existing policies of insurance, if assumable, in which event premiums shall be prorated, Cash at closing shall be increased or decreased as may be
reqUired by pr?ratlons, Prorations Will be made through day prior to occupancy if occupancy occurs before closing, Advance rent and security deposits will be credited to Buyer and
escrow depOSits held by mortgagee Will be credrled to Seller. Taxes shall be prorated based on the current year's tax with due allowance made for maximum allowable discount.
homeslead and other exemptions, If closing occurs al a dale, when the current year's millage is not fixed and current year's assessment is available, taxes will be prorated based
upon such assessment and the prior year's millage, If current year's assessment is not available, then taxes will be prorated on the prior year's tax, If there are completed improvements
on the Real Property by,January 1st of year of closing which improvemenls were not in existence on January 1st of the prior year, then laxes shall be prorated based upon the
prior year's millage and at an, equitable assessment ,to be agreed upon between the parties, failing which, request will be made to the County Properly Appraiser for an inlormal
assessment taking inlo consideration available exemptions, Any tax proration based on an esfimale shall, at requesl 01 either Buyer or Seller, be subsequenlly readjusted upon receipt
of lax bill on condition that a slatemenl to thai effect is in the closing statement.
M, SPECIAL ASSESSMENT LIENS: Cerlilied, confirmed and ratified special assessment liens as of date of closing (not as of Effective Date) are to be paid by Seller, Pending liens
as of date of closing shall be assumed by Buyer, If the improvemenf tlas been substantially compleled as of Effeclive Date, such pending lien shall be considered certified. confirmed
or ratified and Seller shall, at closing, be charged an amount equal \0 the last estimate of assessment lor the improvement by the public body, '
I N, INSPECTION.. REPAIR AND MAINTENANCE: Seller warranls that, as 01 10 days prior to closing, the ceiling, roof (including the fascia and soffits) and exterior and interior \'.':,lIs,
seawalls (or eqUivalent) ,and dockage do not have any VISIBLE EVIDENCE of leaks, water damage or strucfural damage and that the septic tank, pool, all appliances, mechari::;al
items. heating, cooling, electrical. plumbing syslems and machinery are in WORKING CONDITION, Buyer may, at Buyer's expense, have inspections made of those items by a firm
or individual specializing in home inspections and holding an occupational license for such ,purpose (if required) or by an approprialely licensed Florida contractor. Buyer shall, prior
to Buyer's occupancy or not less than 10 days prior to closing, whichever occurs first, report In writing to Seller such items that do not meet the above standards as 10 defects,
Unless Buyer reports such defects within that lime, Buyer shall be deemed 10 have waived Seller's warranties as to defects not, reported. If repairs or replacements are required,
Seller shall cause such repairs to be made and shall pay up to 3% of the purchase price for such repairs or replacements as may be required in order to place such items in WORKING
CONDITION, If the cost for such repairs or replacement exceeds 3% 01 the purchase price, Buyer or Seller may elect to pay such excess, failing which either party may cancel
this Contract. II Seller is unable to correct Ihe defects prior to closing, the cost thereol shall be paid into escrow at closing, Seller will, upon reasonable notice, provide utilities service
and access tolhe Properly for inspections, including a walk,through prior to closing., Belween Elfective Dale, and the date of closing, except lor repairs required by Ihis Standard,
Seller shall maintain Property, including, but nollimited to, Ihe lawn and shrubbery, in the condition herein warrarlled, ordinary wear and lear excepled.
0, RISK OF LOSS: If the Property is damaged by fire or .other casually before ciosingand cost 01 restoralion does not exceed 3% ot the assessed valuation 01 the Property so
damaged, cost of restoration shall be an obligation of the Seller and closing shall proceed pursuant to the terms of Contract with resloration CoslS escrowed at closing, If the cost
,of. restoration exceeds 3% 01 the assessed valuation of the improvements so damaged, Buyer shall have the option of either taking Property as is, together with either the 3% or
any insurance proceedS payable by virtue of such loss or damage, or of cancelling this Contracl and receiving relurn of deposil(s),
p, PROCEEDS OF SALE; CLOSING PROCEDURE: The deed shall be recorded upon clearance 01 lunds, II abslract, evidence of lille shall be continued al Buyer's expense to sho':'"
lille in Buyer, without any encumbrances or change which would render Seller's tille unmarketable Irom the dale of the last evidence, Proceeds of Ihe sale shall be held in escrow
by Seller's allorney or by such other mutually acceptable escrow agenl for a period 01 not longer Ihan 5 days from ,and after closing dale, If Seller's lille is rendered unmarketable,
through no faull of Buyer, Buyer shall, within the 5-day period, notify Seller in writing 01 the delecl and Seller shall have 30 days from date of receipt 01 such notification 10 cure
the defect. If Seller fails to timely cure the defect, all deposil(sl and closing lunds shall, upon written demand by Buyer and within 5 days after demand, be returned to Buyer and
simultaneously with such repayment, Buyer shall return Personally and vacate Property and reconvey it to ,Seller by special warranly deed, II Buyer fails to make. timely, demand for
refund, Buyer shall take title as is, waiving all rights against Seller as to any inlervening defect except as may .be available to Buyer by virtue of warranties contained in the deed,
If a portion of the purchase price is to be derived from institutional financing or refinancing, requirements of the lending instilution as to place, time of , day and procedures for closing,
and for disbursement of mortgage proceeds shall control over contrary provisior in this Contract. Seller shall Ilave the right 10 require from the tending institution a wrillen commitment
that it will not withhold disbursement of mortgage proceeds as a resull of any title delect allribulable to Buyer,mortgagor, The escrow and closing. procedure required by this Standard
may be w~ived it title agent insures adverse mailers pursuant to Seclion 62,7,7841, F.S, (1989), as amended, - .
Q, ESCROW: Any escrow agent ("Aqent") receiving funds or equivalent is authorized and agrees by acceptance of them 10 deposit them pr9"lptly,hcild same in escrow and, subject
to clearance, disburse them in accordance wilh terms and condilions of Contract. Failure of clearance of funds shall not excuse Buyer's performance, If in daut;.l as 10 Agent's dulies
or liabilities under the provisions of Contract, Agent may, at Agent's option, continue to hold the subject malter 01 the escrow unlll,il:,ii parties mutually agie~r to its disbursemenl
or until a judgmenl of a courl of competent jurisdiction shall determine Ihe rights 01 the parties or Agent may deposit same with ,Ilie clerk ct:t1le circuit COurtl'iaving jurisdiction
01 the dispule, Upon notifying all parties concerned of such action, all liability on the part of Agent shall fully terminale, except ta...th~ extenOJr accqunling ror,at"Y-, items previously
delivered out of escrow, If a licensed real eslale broker, Agent will comply with provisions of Chapter 4 75, F,S, (1989), as amendecC AAY suit 'bat~en Buyer and Selrer wherein Agent
is made a party because 01 acting as Agent hereunder, or in any suit wherein Agent interpleads the sUbject matter of the escrow,:Agenl sliaH recover reasonable allorney's lees
and costs incurred with the fees and costs to be paid from and out 01 Ihe E:scrowed funds or equivalent and charged and awarded as court~sts in,.favor of. the prevailing parly.
Parties agree that Agent shall not be liable to any party or person lor misdelivery to Buyer or Seller of ilems subject to this escrow, unless such misdelivery is du,e to willfut breach
01 this Contract or gross negligence 01 Agent. ., ,- - ,
, ' .
R, ATTORNEY'S FEES; COSTS: In any litigation arising out 01 this Confract, Ihe prevailing party in such litigation which, lor the purposes 01, this Standard, sh"lllnclude Seller. Buyer,
listing broker. Buyer's broker and any subagents to the listing broker or Buyer's broker, shall be entilfed to recover reasonable allomey's fees and costs, -
S, FAILURE OF PERFORMANCE: If Buyer fails to perform this Contract wilhin the time spocilied, including payment 01 all deposil(s), Ihe deposit(s) paid by Buyer and deposit(s)
agreed to be paid, may be relained by or for the account of Seller as agreed upon liquidotE:d doma(Jes, consideration for the execulion 01 Ihis Contract nnd In lull selllement 01 any
claims; whereupon, Buyer and Seller .shall be relieved 01 all obtigations under Contracl; or Seller, at Seller's oplion, may proceed in equity to enlorce Seller's rights under this Conlract.
If, for any reasOn other than failure of Seller to make Seller's tilfe marketable after ditigent ellort, Seller fails, neglecls or refuses to perform lhis Contract, tbe Buyer may seek specific
performance or elect to receive the rei urn of Buyer's deposit{s) willlOUI thereby waiving any aclion lor damages resulling Irom Seller's breach,
T, CONTRACT NOT RECORDABLE; PERSONS BOUND; NOTICE: Neilher this Conlracl, nor any nolice of ii, shall be recorded in any public records, This Conlracl shall bind and
inure to the benefit of the parties and their successors in inlerest. Whenever the conlext permits, singular shall include plural and one gender, shall include all. Nolice given by or
to :he attorney for any party shall be as eflective as if given by or to that party.
U, ,CONVEYANCE: Seller shall convey lille \0 the Real Property by stalutory warranly, trustee's, personat represenlative's or guardian's deed, as appropriate to the status of Seller,
subject only 10 matters contained in Paragraph VII and those otherwise accepled by Buyer, Personalty shall, at request of Buyer, be translerred by an absolute bill of sale with warranty
01 lille, subjecl only to such mailers as may be olherwise provided lor berein,
V" OTHER AGREEMENTS: No pdor or present ~greements..nr~,2presenlations sh311 be binding upon Buyer or Seller unl2ss included in this Contract. No modificafion or chan:)e in
thiS Contract shall be valid or blndrng upon the parlles unless rn wntrng and execuled by Ibe party or parties rnlencl(1d to be bound by II.
W, WARRANTIES: ,Seller warral1ts that Ihere are no facts known to Seller materially alfecling the value 01 Ihl! Real Property which are not readily observable hy Buyer or Wllich
113ve'I101 been disclosed to Buyer.
r'
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ADDENDUM
TO THAT CERTAIN CONTRACT FOR SALE AND PURCHASE dated the
day of , 1993, by and between Alfred S. Bridges
and Annie R.Bridges, husband and wife, as their interests may
appear (as SELLER), and the CITY OF CLEARWATER (as BUYER),
regarding property legally identified as the South 100 feet of Lots
6, 7 and 8, LESS road, Block 3, C. E. JACKSON'S SUBDIVISION, as
recorded in Plat Book H2, Page 96, Public Records of pinellas
County, Florida.
TO WIT:
1) Closing by the Buyer of the transaction contemplated herein is
conditioned upon the following conditions having been met:
A. Receipt of a satisfactory Phase I Environmental Audit
Report, prepared at 'Buyer expense by City of Clearwater
environmental specialists, or by a privately operated environmental
investigative firm, confirming all property to be acquired from
Seller is free of contamination by hazardous substances or wastes
that would either be in violation of any current Federal, State or
Local environmental law, or would require environmental cleanup
expenses preliminary to using the property for the purposes
intended.
B. Approval and Acceptance by the Clearwater city
commission of the price, terms and conditions of this Contract For
Sale and Purchase, with all attachments, within 40 days of receipt
of this agreement by the city Economic Development Director
following execution by Seller.
2) Seller agrees that Buyer, at Buyer option, expense and risk
shall have the right of entry upon the property to make surveys,
measurements, conduct environmental. or engineering tests, and
otherwise make such physical inspections and analyses thereof as
Buyer shall deem necessary. Buyer assumes all risks of such entry
and agrees to defend, indemnify and hold Seller harmless from and
against any claims, cost and expense resulting from any damage to
or destruction of the property, and any injury to or death of any
person(s) arising from the acts or omissions of Buyer or its agents
in exercising this right of entry. '
3) It is Agreed by and between the parties that Buyer shall have
60 days following acceptance and approval of this agreement by the
Clearwater City commission to proceed with and complete the
conditions identified as I-A and 1-B of this Addendum. If any of
said conditions cannot be satisfactorily completed and finalized by
Buyer during this time, after putting forth all good faith efforts
to do so, Buyer shall have up to 7 days following time allowed by
this provision to so notify Seller in writing, in which event the
parties may elect to extend the time allowed by this provision or
Buyer, at Buyer option, may withdraw from this agreement by giving
written notice to Seller. Such notice by Buyer to Seller shall
void this agreement in all respects and both parties shall
thereafter be relieved of any further obligations hereunder.
4) Seller and Buyer represent and agree they have dealt with no
broker or finder in connection with the transactions contemplated
hereby, and that no fee or commission is owed or to be paid to any
such broker or finder in connection herewith.
._..~iI
"1'"", . ',..;::.I 'lo
I
,
5) Seller acknowledges that Contraqt For Sale and Purchase signed
by Seller November 12, 1993 is hereby withdrawn and is hereafter
null and void in all respects.
6) RADON DISCLOSURE (Notice To Buyer): Radon is a naturally
occurring radioactive gas that, when it has accumulated in a
building in sufficient quantities, may present health risks to
persons who are exposed to it over time. Levels of radon that
exceed federal and state guidelines have been found in buildings in
Florida. Additional information regarding Radon and Radon testing
may be obtained from your county public health unit. This
disclosure is made pursuant to Section 404.056(8), Florida
Statutes. .
ACKNOWLEDGED and agreed as of the day and date first above
written.
w~
Jv4dAL, {I . VtLJ./Vf-
ESS '
lfred S. Bridges
~~j~~:7- '
CITY OF CLEARWATER
Rita Garvey
Mayor-Commissioner
By:
Eli
ci
Interim
form
ATTEST:
-"1'
I
I
C I T Y 0 F C LEA R W ATE R
Interdepartment Correspondence Sheet
TO: Cyndie Goudeau, City Clerk
FROM: Earl Barrett, Real Estate Services Manager~~
COPIES: Miles Lance, Assistant City Attorney
SOBJECT: Title policy & recorded deed re Al Bridges purchase
DATE: March 28, 1994
Attached for your records is the original recorded Warranty Deed
and Title Insurance Policy concerning property purchased from Al
Bridges March 11, 1994, legally described as the South 100 feet of
Lots 6 & 7, and the South 100 feet Less the East 5 feet of Lot 8,
Block 3, C. E. JACKSON'S SUB.
RECEIVED
MAR 2 5 1994
CITY CLERK DEPT.
I
"I
MARCH 23, 1994
Coastal Bonded Title Co.
of Clearwate'-~
I @ rn n w rn r;~\
lo ~.. ~ 1111
n1 MAR 2 5 1994 ~U
i..~,_-_,_" --'''- ----,-_,;&
CITY 0~ ~',~',,~'.'."'~'-J
PU~l.L': ':'C::;iS r,,:;;:,,::TUlJI~__
CITY OF CLEARWATER
POST OFFICE BOX 4748
CLEARWATER, FL 34618-4748
Re: CBTC File No. 94-16947
PARTS OF LOTS 6, 7 AND 8, BLOCK 3, C.E. JACKSON SUBDIVISION
PINELLAS COUNTY, FLORIDA
Dear Ladies and Gentlemen:
Relative to the purchase of the above captioned property, we
enclose the following:
Original Recorded Deed
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
Owner's Policy No. SD 220471
in the amount of $38,000.00
In .the event of RESALE or REFINANACE of this property, please
contact COASTAL BONDED TITLE CO. OF CLEARWATER for the issuance
of necessary policy.
It has been our pleasure to be of service to you.
Please do not hesitate to contact our office should you require
further information.
Sincerely,
COASTAL BONDED TITLE CO. OF CLEARWATER
l~ ~llod~
LINDA ALBANESE
/lsa
Enclosures
TITLE INSURANCE- REAL fSTA TE CLOSINGS
501 S. FT. HARRISON, 11203/CLEARWATER. FLORIDA 34616fTEL: (813) 442-9671
.4.rl1ericantana Title Association Owner'sPdlic~ W6l90)
withFldriaa modifications
Policy Number SD 2204 71
.**
* ~i'
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SUBJECT TO THE EXCLUSIONS FROM COVERAGE, THE EXCEPTIONS FROM COVERAGE CONTAINED
IN SCHEDULE B AND THE CONDITIONS AND STIPULATIONS,
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY, a Minnesota corporation, herein called the
Company, insures, as of Date of Policy shown in Schedule A. against loss or damage, not exceeding the Amount of Insurance stated in Schedule A.
sustained or incurred by the insured by reason of:
1, Title to the estate or interest described in Schedule A being vested other than as stated therein;
2, Any defect in or lien or encumbrance on the title;
3. Unmarketability of the title;
4, Lack of a right of access to and from the land,
The Company will also pay the costs, attorneys' fees and expenses incurred in defense of the title,
as insured, but only to the extent provided in the Conditions and Stipulations,
IN WITNESS WHEREOF, the said Old Republic National Title Insurance Company has caused its
corporate name and seal to be hereunder affixed by its duly authorized officers as of the date shown in Schedule A. the policy to be valid when
countersigned by an authorized officer or agent of the Company,
a ~-
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
A Stock Company
400 Second Avenue South, Minneapolis, Minnesota 55401
(612)371'1111 ."".,.'...,'.'.".."., ',~,
By ~~. ~,id,"f
A",~ <i-' / fib / S"reo"
Issued through the Office of:
ORT Form 326 ALTA Owner's Policy (4'6'90)
with Florida modifications
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39'1l:J3^OJ V\I0l:J:l SNOISnlJX3
File Number
94-16947
Policy Number
SD 220471
Amount $ 38,000.00
1. Policy Date
MARCH 11, 1994
at
5:42PM
Jf * *
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. *
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2. The Insured hereunder, in whom title to the fee simple estate is vested at the date hereof, is:
CITY OF CLEARWATER, FLORIDA, a Florida
Municipal Corporation
3. The land referred to in this policy is situated in the County of
State of Florida, and is described as follows:
PTNET.T.AS
THE SOUTH 100 FEET OF LOTS 6 AND 7, AND THE SOUTH 100 FEET,
LESS THE EAST 5 FEET OF LOT 8, OF BLOCK 3 OF C.E. JACKSON
SUBDIVISION AS RECORDED IN PLAT BOOK 2, PAGE 96, OF THE PUBLIC
RECORDS OF HILLSBOROUGH COUNTY, FLORIDA, OF WHICH PINELLAS
COUNTY WAS FORMERLY A PART.
ORT OWNERS FORM 3504
This policy valid only if Schedule B is attached.
File Number 94-16947
Policy Number SO 220471
I:IHfS 2 and 3 ARE DElErED
This policy does not insure against loss or damage by reason of the following:
1. Facts which would be disclosed by an accurate and comprehensive survey of the premises herein described.
2. Mechanic's, Contractors' or Materialmen's liens and lien claims, if any, where no notice thereof appears of record,
3. Rights and claims of parties in possession.
4. Easements or claims of easements not shown by the public records.
5. General or special taxes and/or assessments required to be paid in the year
1994
and subsequent years.
ORT OWNERS FORM 3505
...._.........;..~
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(b) The Company shall ha~e the right, J its own cost to
institute and prosecute any action or proceeding or to do any other
act which in its opinion may be necessary or desirable to establish
the title to the estate or interest as insured, or to prevent or reduce
loss or damage to the insured, The Company may take any
appropriate action under the terms of this policy, whether or not it
shall be liable hereunder, and shall not thereby concede liability or
waive any provision of this policy. If the Company shall exercise its
rights under this paragraph, it shall do so diligently.
(cl Whenever the Company shall have brought an action or
interposed a defense as required or permitted by the provisions of
this policy, the Company may pursue any litigation to final
determination by a court of competent jurisdiction and expressly
reserves the right, in its sole discretion, to appeal from any adverse
judgment or order.
Idl In all cases where this policy permits or requires the
Company to prosecute or provide for the defense of any action or
proceeding, the insured shall secure to the Company the right to so
prosecute or provide defense in the action or proceeding, and all
appeals therein, and permit the Company to use, at its option, the
name of the insured for this purpose, Whenever requested by the
Company, the insured, at the Company's expense, shall give the
Company all reasonable aid Ii) in any action or proceeding, securing
evidence, obtaining witnesses, prosecuting or defending the action or
proceeding, or effecting settlement, and (ii) in any other lawful act
which in the opinion of the Company may be necessary or desirable
to establish the title to the estate or interest as insured, If the
Company is prejudiced by the failure of the insured to furnish the
required cooperation, the Company's obligations to the insured under
the policy shall terminate, including any liability or obligation to
defend, prosecute, or continue any litigation, with regard to the
matter or matters requiring such cooperation,
5. Proof of Loss or Damage.
In addition to and after the notices required under Section 3 of
these Conditions and Stipulations have been provided the Company, a
proof of loss or damage signed and sworn to by the insured claimant
shall be furnished to the Company within 90 days after the insured
claimant shall ascertain the facts giving rise to the loss or damage,
The proof of loss or damage shall describe the defect in, or lien or
encumbrance on the title, or other matter insured against by this
policy which constitutes the basis of loss or damage and shall state,
to the extent possible, the basis of calculating the amount of the loss
or damage. If the Company is prejudiced by the failure of the insured
claimant to provide the required proof of loss or damage, the
Company's obligations to the insured under the policy shall terminate,
including any liability or obligation to defend, prosecute, or continue
any litigation, with regard to the matter or matters requiring such
proof of loss or damage,
In addition, the insured claimant may reasonably be required to
submit to examination under oath by any authorized representative of
the Company and shall produce for examination, inspection and
copying, at such reasonable times and places as may be designated
by any authorized representative of the Company, all records, books,
ledgers, checks, correspondence and memoranda, whether bearing a
date before or after Date of Policy, which reasonably pertain to the
loss or damage. Further, if requested by any authorized representative
of the Company, the insured claimant shall grant its permission, in
writing, for any authorized representative of the Company to examine,
inspect and copy all records, books, ledgers, checks, correspondence
and memoranda in the custody or control of a third party, which
reasonably pertain to the loss or damage, All information designated
-"
........
'._~-=-- -
as confidential by the inl~d cl~im~nt provided to the Company
pursuant to this Section shall not be disclosed to others unless, in
the reasonable judgment of the Company, it is necessary in the
administration of the claim, Failure of the insured claimant to submit
for examination under oath, produce other reasonably requested
information or grant permission to secure reasonably necessary
information from third parties as required in this paragraph shall
terminate any liability of the Company under this policy as to that
claim.
6. Options to Payor Otherwise Settle Claims; Termination of
Liability
In case of a claim under this policy, the Company shall have the
following additional options:
la) To Payor Tender Payment of the Amount of Insurance,
To payor tender payment of the amount of insurance under this
policy together with any costs, attorneys' fees and expenses incurred
by the insured claimant, which were authorized by the Company, up to
the time of payment or tender of payment and which the Company is
obi igated to pay,
Upon the exercise by the Company of this option, all liability and
obligations to the insured under this policy, other than to make the
payment required, shall terminate, including any liability or obligation
to defend, prosecute, or continue any litigation, and the policy shall
be surrendered to the Company for cancellation,
Ib) To Payor Otherwise Settle With Parties Other than the
Insured or With the Insured Claimant.
(i) to payor otherwise settle with other parties for or in
the name of an insured claimant any claim insured against under this
policy, together with any costs, attorneys' fees and expenses incurred
by the insured claimant which were authorized by the Company up to
the time of payment and which the Company is obligated to pay; or
(ii) to payor otherwise settle with the insured claimant
the loss or damage provided for under this policy, together with any
costs, attorneys' fees and expenses incurred by the insured claimant
which were authorized by the Company up to the time of payment
and which the Company is obligated to pay.
Upon the exercise by the Company of either of the options
provided for in paragraphs (b)(i) or (ii), the Company's obligations to
the insured under this policy for the claimed loss or damage, other
than the payments required to be made, shall terminate, including any
liability or obligation to defend, prosecute or continue any litigation.
7 Determination, Extent of Liability
This policy is a contract of indemnity against actual monetary
loss or damage sustained or incurred by the insured claimant who
has suffered loss or damage by reason of matters insured against by
this policy and only to the extent herein described,
(al The liability of the Company under this policy shall not
exceed the least of:
(i) the Amount of Insurance stated in Schedule A, or,
(ii) the difference between the value of the insured estate
or interest as insured and the value of the insured estate or interest
subject to the defect, lien or encumbrance insured against by this
policy,
(b) The company will pay only those costs, attorneys' fees and
expenses incurred in accordance with Section 4 of the Conditions and
Stipulations,
8, Apportionment.
If the land described in Schedule A consists of two or more
parcels which are not used as a single site, and a loss is established
affecting one or more of the parcels but not all, the loss shall be
computed and settled on a pro r;a ba~is ~Aif the amount of
insurance under this policy was divided pro rata as to the value on
Date of Policy of each separate parcel to the whole, exclusive of any
improvements made subsequent to Date of Policy, unless a liability or
value has otherwise been agreed upon as to each parcel by the
Company and the insured at the time of the issuance of this policy
and shown by an express statement or by an endorsement attached
to this policy.
9. Limitation of Liability.
(a) If the Company establishes the title, or removes the alleged
defect, lien or encumbrance, or cures the lack of a right of access to
or from the land, or cures the claim of unmarketability of title, all as
insured, in a reasonably diligent manner by any method, including
litigation and the completion of any appeals therefrom, it shall have
fully performed its obligations with respect to that matter and shall
not be liable for any loss or damage caused thereby.
(b) In the event of any litigation, including litigation by the
Company or with the Company's consent, the Company shall have no
liabilityfor ~oss ordamage until there has been a final determination
by a court of competent jurisdiction, and disposition of all appeals
therefrom, adverse to the title as insured.
(c) The Company shall not be liable for loss or damage to any
insured for liability voluntarily assumed by the insured in settling any
claim or suit without the prior written consent of the Company.
10. Reduction of Insurance; Reduction or Termination of Liability.
All payments under this policy, except payments made for costs,
attorneys' fees and expenses, shall reduce the amount of the
insurance pro tanto.
11. Liability Noncumulative.
It is expressly understood that the amount of insurance under
this policy shall be reduced by any amount the Company may pay
under any policy insuring a mortgage to which exception is taken in
Schedule B or to which the insured has agreed, assumed, or taken
subject, or which is hereafter executed by an insured and which is a
charge or lien on the estate or interest described or referred to in
Schedule A, and the amount so paid shall be deemed a payment
under this policy to the insured owner.
12. Payment of Loss.
(a) No payment shall be made without producing this policy
for endorsement of the payment unless the policy has been lost or
destroyed, in which case proof of loss or destruction shall be
furnished to the satisfaction of the Company. ..
(b) When liability and the extent of loss or damage has been
definitely fixed in accordance with these Conditions and Stipulations,
the loss or damage shall be payable within 30 days thereafter.
13. Subrogation Upon Payment or Settlement.
(a) The Company's Right of Subrogation.
Whenever the Company shall have settled and paid a claim
under this policy, all right of subrogation shall vest in the Company
unaffected by any act of the insured claimant.
The Company shall be subrogated to and be entitled to all
rights and remedies which the insured claimant would have had
against any person or property in respect to the claim had this policy
not been issued. If requested by the Company, the insured claimant
shall transfer to the Company all rights and remedies against any
person or property necessary in order to perfect this right of
subrogation. The insured claimant shall permit the Company to sue,
compromise or settle in the name of the insured claimant and to use
the name of the insured claimant in any transaction or litigation
involving these rights or remedies.
" .cr' _...
If a payment on aclunt of a claim does not fully cover the loss
of the insured claimant, the Company shall be subrogated to these
rights and remedies in the proportion which the Company's payment
bears to the whole amount of the loss.
If loss should result from any act of the insured claimant, as
stated above, that act shall not void this policy, but the Company, in
that event, shall be required to pay only that part of any losses
insured against by the policy which shall exceed the amount, if any,
lost to the Company by reason of the impairment by the insured
claimant of the Company's right of subrogation.
(b) The Company's Rights Against Non-insured Obligors.
The Company's right of subrogation against non-insured obligors
shall exist and shall include, without limitation, the rights of the insured
to indemnities, guaranties, other policies of insurance or bonds,
notwithstanding any terms or conditions contained in those instruments
which provide for subrogation rights by reason of this policy.
14. Arbitration.
Unless prohibited by applicable law, arbitration pursuant to
the Title Insurance Arbitration Rules of the American Arbitration
Association may be demanded if agreed to by both the Company
and the insured. Arbitrable matters may include, but are not
limited to, any controversy or claim between the Company and
the insured arising out of or relating to this policy, any service of
the Company in connection with its issuance or the breach of a
policy provision or other obligation. Arbitration pursuant to this
policy and under the Rules in effect on the date the demand for
arbitration is made or, at the option of the insured, the Rules in
effect at Date of Policy shall be binding upon the parties. The
award may include attorneys' fees only if the laws of the state in
which the land is located pennit a court to award attorneys' fees
to a prevailing party. Judgment upon the award rendered by the
Arbitrator{s} may be entered in any court having jurisdiction
thereof.
The law of the situs of the land shall apply to an
arbitration under the Title Insurance Arbitration Rules.
A copy of the Rules may be obtained from the Company
upon request.
15. Liabililty Limited to this Policy; Policy Entire Contract.
(a) This policy together with all endorsements, if any, attached
hereto by the Company is the entire policy and contract between the
insured and the Company. In interpreting any provision of this policy,
this policy shall be construed as a whole.
(b) Any claim of loss or damage, whether or not based on
negligence, and which arises out of the status of the title to the
estate or interest covered hereby or by any action asserting such
claim, shall be restricted to this policy.
(c) No amendment of or endorsement to this policy can be made
except by a writing endorsed hereon or attached hereto signed by either
the President, a Vice President, the Secretary, an Assistant Secretary, or
validating officer or authorized signatory of the Company.
16. Severability.
In the event any provision of the policy is held invalid or
unenforceable under applicable law, the policy shall be deemed not to
include that provision and all other provisions shall remain in full
force and effect.
17. Notices, Where Sent.
All notices required to be given the Company and any statement in
writing required to be furnished the Company shall include the number of
this policy and shall be addressed to the Company at its home office,
400 Second Avenue South, Minneapolis, Minnesota 55401, (612) 371-1111.
A.
U.S. DEPARTMENT OF HOUSING AND URBAN D ELOPMENT
SETTLEMENT STATEMENT
B.
T Y
E
1=r OMS No 2502-0265
OF LOAN
"
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...
1. D FHA
2. D FMHA
3. D CON V. UNINS
..
VA
5,
CONY. INS
6. FILE NUMBER'
7. LOAN NUMBER
8. MORTGAGE INS. CASE NO
C. NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent
are shown. Items marked H(p.O.C.)" were paid outside the closing; they are shown here for informational purposes and are
not included in the totals.
D.NAME OF BORROWER:
Aq~RES~.'QFeORFIQWeR:
:""".L
CITY OF CLEARWATER, FLORIDA, a Florida Municipal Corporation
~OST OFFICE BOX 4748, C~EARWATER, FL 34618-4748
E. NAME OF SELLER:
ADDRESS OF SELLER:
ALFRED BRIDGES, a married man
1719 SCOTT STREET, CLEARWATER. FL 34615-2853
F. N/l#~Qf
ADORE'
'> > ,', ",'~ , J! ",~ ..',
.Pf~\'((.
t;r:lklril;a. .'
,~,:~~.~:':
/~r,' {:ii;\~,;;, ,:.:
G. PROPERTY PARTS OF LOTS 6. 7, & 8, BLK. 3, C. E. JACKSON SUBD.
LOCATION: 1000 BLOCK OF ENGMAN STREET
CLEARWATER. FLORIDA
H. SETTLEMENT:AGEN'J:"COAS'l'AL BONDED TITLE CO. OF';CLEARWATER
P~9~;.~f~En~~Mf~1: 50 1.s'9t]'l'1:I. FT. . HARR ISON ,SUITE'20S
.' ,;(';~;;;:;::;;tf!fn\'i1,r;};;.;11?~; C[;EARWATElti' FLORI DA 34 616. ..i;d~9i~'iY.
I. SETTLEMENT DATE: March 11. 1994
SUMMARY OF BORROWER'S TRANSACTION
101,'~!1JrfO~:~I~~itlit.~i;!;}'; ..... .
102. Personal property
10l.~tt1~~',; ".J~~:~rower:
(ff()(f1"Ir1~;. ,ii.!""; ....
104.
105,
ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE:
1qtl.Clty/townJaxfi$ tQ .
107. County taxes to
t08.As~essmentS" . to
109.
110..
111.
112.
404.
405.
ADJUSTMENTS FOR ITEMS PAID BY SELLER IN ADVANCE:
406. City/town taxes to
407. County taxes to
408. Assessments to
409.
410.
411.
412.
201. Deposit or earnest money
20~;i~tl.l\~!~~;fmQ9~~'Qf'I\~",'loan(s)
203. ExistinQ loan(s) taken subject to
204~: ;:,: ;;1;::-;":'~';~~'~'~,~::;{~:\\~[t:~{f;g.>,<,,: "~:,:;
I
501. Excess deposit (see instructions)
fiQ2.;.Settl~ment charg"to "lIer (line 1400)
503. Existing loan(s) taken subject to
'&Q4(P,yoff of first mortgage loan AMSOU
505. Payoff of second mortgage loan
506. 1994 TAXES
507. 1993 TAXES
~. LOT CLEAR LIEN
509.
661.00
19,605.55
'70.48
388.56
339.63
207.
208.
209.
ADJUSTMENTS FOR ITEMS UNPAID BY SELLER:
210. Cityltown taxes to
21tCounty taxes to
212. Assessments to
213.
214.
ADJUSTMENTS FOR ITEMS UNPAID BY SELLER:
510. Cityltown taxes to
511. County taxes to
512. Assessments to
513.
514.
".~
~C' I SET T L E MEN T
700. TOTAL SALES/BROKER'S COMMISSIO
BASED ON PRICE $
DIVISION OF COMMISSION (LINE 700) AS FOLLOWS'
701. $ 'to
702. $ to
703. Commission paid at settlement
704.
801.....Loan.btldli:\~QWlree
802. Loan Discount
8~.Ap~r!1isal Fee to:
804. Credit Report to:
805. tender's inspection fee
806. Mortgage Insurance application fee to
807. Assumption fee
808.
809.
810.
811.
900. ITEMS REQUIRED BY LENDER TO BE PAID IN ADVANCE
901. Interest from
902. Mortgage insurance premium for
903. Hazard insurance premium for
904. Flood Insurance Premium for
905.
to
@$
mo. to
1 yrs.to
1 yrs. to
CHARGES
@ %=
PAID FROM
BORROWER'S
FUNDS
AT
SETTLEMENT
Iday
1000. RESERVES DEPOSITED WITH LENDER:
1001.. H~rcl irlsllrlWPe
1002. Mortgage insurance
1003. City property taxes
1004. County property taxes
1005. Annual assessments
1006. Flood Insurance
1007.
1008.
montns@$
months @ $
months @ $
months @ t
. months @ $
. months @ $
- months @ $
months @ $
t 100. TITLE CHARG ES:
pe'rim>nth
per month
per month
per month
per month
per month
per month
er month
1101. Settlement or closing fee to
1102. Abstractor title search to Co.
1103. Title examination to Co.
1104. Title insurance binder to
1105. Documenlprepllration to
1106. NotarYfees to
1107. Attorney's fees to
(includes above items Numbers:
1108. Title insuranpe to Coastal Bonded Title Co. of Clearwater
(includes above items Numbers:
1109. Lender's coverage $
1110. Owner's coverage $ 38,000.00
1111.
1112.
1113.
1201. Recordingfees: Deed $
1202. City/county tax/stamps:
1203. State taxIs tamps:
1204.
1205.
Deed $
Deed $
; Mortgage $
; Mortgage $
266.00 ; Mortgage $
1300. ADDITIONAL SETTLEMENT CHARGES:
1301. Survey to
1302. Pest inspection to
1303. COURIER FEE to COASTAL BONDED TITLE CO.
1304.
1305.
1306.
; Releases $
PAID FROM
SELLER'S
FUNDS
AT
SETTLEMENT
60.00
25.00
275.00
266.00
10.00
CA 140196
.. * *
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OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY, a Minnesota corporation, herein called the Company,
for a valuable consideration, hereby commits to issue its policy or policies of title insurance, as identified in
Schedule A, in favor of the proposed Insured named in Schedule A. as owner or mortgagee of the estate or
interest covered hereby in the land described or referred to in Schedule A. upon payment of the premiums and
charges therefor; all subject to the provisions of Schedule A and B and to the Conditions and Stipulations
hereof.
This Commitment shall be effective only when the identity of the proposed Insured and the amount of the
policy or policies committed for have been inserted in Schedule A hereof by the Company, either at the time
of the issuance of this Commitment or by subsequent endorsement.
This Commitment is preliminary to the issuance of such policy or policies of title insurance and all liability and
obligations hereunder shall cease and terminate six months after the effective date hereof or when the policy or policies committed for shall issue, whichever
first occurs, provided that the failure to issue such policy or policies IS not the fault of the Company.
IN WITNESS WHEREOF, Old Republic National Title Insurance Company has caused its corporate name and seal toile hereunto affixed by its duly authorized officers on the
date shown in Schedule A. to be valid when countersigned by a validating officer or other authorized signato~.\
'~
CONDITIONS AND STIPULATIONS
1. The term "mortgage", when used herein, shall include deed of trust, trust deed, or other security instrument.
2. If the proposed Insured has or acquires actual knowledge of any defect, lien, encumbrance, adverse claim
or other matter affecting the estate or interest or mortgage thereon covered by this Commitment other than those shown in Schedule B hereof, and shall fail to
disclose such knowledge to the Company in writing, the Company shall be relieved from liability for any loss or damage resulting from any act of reliance hereon
to the extent the Company is prejudiced by failure of the proposed Insured to so disclose such knowledge. If the proposed I nsured shall disclose such
knowledge to the Company, or if the Company otherwise acquires actual knowledge of any such defect, lien, encumbrance, adverse claim or other matter, the
Company at its option may amend Schedule B of this Commitment accordingly, but such amendment shall not relieve the Company from liability previously
incurred pursuant to paragraph 3 of these Conditions and Stipulations.
3. Liability of the Company under this Commitment shall be only to the named proposed Insured and such
parties included under the definition of Insured in the form of policy or policies committed for and only for actual loss incurred in reliance hereon in undertaking
in good faith (a) to comply with the requirements hereof or (bl to eliminate exceptions shown in Schedule B. or lcl to acquire or create the estate or interest
or mortgage thereon covered by this Commitment. In no event shall such liability exceed the amount stated in Schedule A for the policy or policies committed
for and such liability is subject to the insuring provisions and the Conditions and Stipulations and the Exclusions from Coverage of the form of policy or policies
committed for in favor of the proposed Insured which are hereby incorporated by reference and made a part of this Commitment except as expressly modified
herein.
4. Any action or actions or rights of action that the proposed Insured may have or may bring against the
Company arising out of the status of the title to the estate or interest or the status of the mortgage thereon covered by this Commitment must be based on
and are subject to the provisions of this Commitment.
NOTE: The policy committed for may be examined by inquiry at the office which issued the commitment, and
a specimen copy of the policy form lor formsl referred to in this commitment will be furnished promptly upon request.
OLD REPUBLIC NATIONAL TITLE INSURANCE COMPANY
A Stock Company
400 Second Avenue South. Minneapolis, Minnesota 55401
(612) 371.1111
By
PreSident
Allest
Secretary
ORT Form 3229
SCHEDU LE A
File No. 94-16947
Commitment No. CA
140196
1. Effective Date:
February 17, 1994 @ 05:00 PM
2. Policy or Policies to be issued:
(a) A L T A Owners Policy
(4/6/90 with Florida modifications)
Amount:
$ 38,000.00
.**
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Proposed Insured: CITY OF CLEARWATER FLORIDA
, , a
Florida Municipal Corporation
(b) AL TA Standard Loan Policy
(4/6/90 with Florida modifications)
$ 0.00
Proposed Insured:
3. The estate or interest in the land described or referred to in this Commitment and covered herein is a
Fee Simple
(Fee Simple, leasehold, etc.)
4. Title to the Fee Simple estate or interest in said land is at the effective date hereof vested in:
ALFRED BRIDGES, a married man
5. The land referred to in this policy is situated in the County of
State of Florida, and is described as follows:
PINELLAS
THE SOUTH 100 FEET OF LOTS 6, AND 7, AND THE SOUTH 100 FEET,
LESS THE EAST 5 FEET OF LOT 8, OF BLOCK 3 OF C. E. JACKSON
SUBDIVISION AS RECORDED IN PLAT BOOK 2, PAGE 96, OF THE PUBLIC
RECORDS OF HILLSBOROUGH COUNTY, FLORIDA, OF WHICH PINELLAS
COUNTY WAS FORMERLY A PART.
This Commitment valid only if Schedule B is attached.
File Number 94-16947
Commitment Numb~A 140196
REQUIREMENTS
The following are the requirements to be complied with:
1. Payment to or for the account of the grantors or mortgagors of the full consideration for the estate or interest to be insured.
2. Instrument{s) necessary to create the estate or interest to be insured and other instruments which must be properly executed,
delivered, and duly filed for record, and/or other matters which must be furnished to the company.
a. Satisfaction of that certain mortgage filed in O.R. Book 7017, Page
2243, Public Records of PINELLAS County, Florida.
AND RELEASE OF ASSIGNMENT OF RENTS FILED IN OR BOOK 8015, PAGE 445.
b. Payment of 1993 Taxes.
c. Warranty Deed from ALFRED BRIDGES, joined by spouse (or non homestead
clause), to CITY OF CLEARWATER, FLORIDA, a Florida Municipal
Corporation.
ORT FORM 3499
Commitment
File Number 94-16947
Commitment Numbe~A 140196
EXCEPTIONS
The policy or policies to be issued will contain exception to the following unless the same are disposed of to the satisfaction of the
Company:
1. Defects, liens, encumbrances, adverse claims or other matters, if any, first appearing in the public records or attaching subsequent
to the effective date hereof but prior to the date the proposed insured acquires for value of record the estate or interest or mortgage
thereon covered by this Commitment.
2. Facts which would be disclosed by an accurate and comprehensive survey of the premises herein described.
3. Rights and claims of parties in possession.
4. Construction, Mechanic's, Contractors' or Materialmen's liens and lien claims, if any, where no notice thereof appears of record.
5. Easements or claims of easements not shown by the public records.
6. General or special taxes and/or assessments required to be paid in the year19 9 3
and subsequent years.
7. Subject to mortgage executed by ALFRED BRIDGES, A MARRIED MAN, to
FIRST NATIONAL BANK OF CLEARWATER, dated June 7, 1989, filed June 8, 1989,
in O.R. Book 7017, Page 2243, Public Records of PINELLAS County, Florida,
in the original principal amount of $28,000.00. MODIFIED IN OR BOOK 8015,
PAGE 546 & OR BOOK 8358, PAGE 1047. ASSIGNMENT OF RENTS AS FILED IN OR
BOOK 8015, PAGE 445.
ORT FORM 3500
Commitment
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CITY OF CLEARWATER
Interdepartmental Correspondence Sheet
TO:
FROM:
RE:
Cynthia E. Goudeau, City Clerk Itt{)--
Miles A. Lance, Assistant City Attorney
Purchase of Part of Lots 3, 6, and 7 of C. E. Jackson
Subdivision - Alfred Bridges
March 24, 1994
DATE:
This property purchase was completed on March 11, 1994J and enclosed are the
following documents:
Contract for Purchase and Sale
Closing Statement
Title Commitment # CA140196 issued by Old Republic National Title Insurance
Company
I will forward the original warranty deed and title policy when I receive them.
MAL: 1 n
Enclosures
Copy to:
Margie Simmons, Acting Finance Director w/copy of settlement statement
RECEIVED
MAR 241994
CITY CLERK DEPr