VINCENT AND KAREN MARCIONETTE (3)
-
1
,
CITY OF CLEARWATER
Interdepartmental Correspondence Sheet
TO: Cynthia E. Goudeau, City Clerk
FROM: M. A. Galbraith, Jr., City Attorney ~ 3-1-t(\
RE: Purchase from Vincent and Karen Marcionette - Lots 8
and 9, Mac Dixson's Subdivision for future development
DATE: July 24, 1991
As a follow-up to my memorandum of June 27, 1991, regarding the above purchase,
enclosed are the original deed and title policy for your records.
MAG: jmp .
Enclosures
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WARRANTY DEED
FROM INDIVIDUAL TO CORPORATION
I
INST t 91-170564
JUN 26, 1991 8:19PM
I PINELLAS COUNTY FLA.
OFF.REC.BK 760'7 PG 2395
1his lttfarranty Jeed Made the 25
VINCENT EDWARD MARCIONETTE, JR. and
llereinafter called the grantor, to
CITY OF CLEARWATER , A MUNICIPAL CORPORATION
a corporation existing under tIle laws of the State of Florida
address at P.O. Box 4748, Clearwater, Florida 34618
hereinafter called the grantee:
day of June A. D, 1991 by
KAREN ELAINE MARCIONETTE, husband and wife,
, with its permanent postoffice
(Wh('rever used herein the terms "grantor" and "grantee" include all the parties to this instrument and
the heirs, legal representatives and assigns of individuals, and the successors and assigns of corporations)
lttfitnessdh: That the grantor, for and in cons ideration of the sum of $ 10.00 and other
valuable considerations, receipt whereof is hereby acknowledged, hereby grants, bargains, sells, aliens, re-
mises, rdeases, conveys and confirms unto the grantee, all that certain land situate in Pinellas
County, Florida, viz:
Lot 8 & 9, MAC DIXSON'S SUBDIVISION, according to the map or
plat thereof as recorded in Plat Book 3 Page 44, Public Records
of Pinellas County, Florida.
Subject to easements, restrictions and
1601l~B6/t VLJ
reservati~~&~6I~~cord.
DOC 8T i~MP8
06-26-91
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TOTt.L:
CHECK AMT. TENDERED:
C'H^NG'" .
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$l~ubb2iD(J
$1; [186 GO
$LJa UU
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. . .,.. rn~"::;~;!e Tax ['1.
,AT: "" ' .' r', I,," ,"
u ,~flO ~,,;', U"~" ,,,,'!., :,:~',Wl:; .C',)':I~IV
, ~ Old ..". ", ^' '
with all the tenements, hereditaments and appurtenances thereto belonging or in any-
wise appertaining.
10 Malle and to Mold, the same in fee simple forever,
Bnd the grantor herel)y 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 t.md; that the
grantor herel)y 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 0 f all encumbrances, except taxes accruing subsequent
to December 31, 19 90
Tax Parcel Number 15/29/15/21672/000/0080
~
In lttfilness lttfhereof, tIle sad grantor has IH'reunto set theirhand and seal the day and year
first above written. ·
Signed, sealed and delivered in our presence:
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.Zlf1'C"L"'\(1j.kh"dJJL~~.
STA TE OF FLORIDA, <;;::::.;
COUNTY OF Pine lIas
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Karen Elaine Marcionette .
I HEREBY CERTIFY that on this day, before me, an
officer duly authorized in the State aforesaid and in the County aforesaid to take acknowledgments, personally appeared
re:&
ft~
F~
Vincent Edward Marcionette, Jr~:Elrd Karen Elaine Marcionette husband and wife
to me known to be the personS descriJ~9;:'in'~iil:~ who executed the foregoing instrument 'and they acknowledged
before me that theyexecuted the same, ',..
. , \,""l.t.,
WITNESS my h~nd and offici~Ls~t>>:..the Cou~,:y..'a~ State "ra6~I<foresaid lpis 25 day of
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This 11lSlrummt prepared by: ''\ RETURN TO "I,.. IO~I",,~rhruTroyfain'lil,"r"n,eJn_
Address ANCLOTE TITLE SER'~IC~S'
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PARnES, )TT"r'N~ Rnw..n M'Rcln~::=:::C:~:: :~L=':;I:::~C:c >life I'""'"
of 14nq MFlT!'lhfiF!lc'l Dr.. Holidav. FL 34691 (phone).
and r'T'I'V OF ("!r.F.ARWA'I'F.R ,("8,,\'el"),
of P 0 Bnx 474A, ("!]F!MrwatF!r. FL 34616 (Phone),
hereby agree that the Seller shall sell and Buyer shall buy the fOllowing real property ("Real Property") and personal properly ("Personalty") (collectively "Properly") Llpon the lollowing
terms and condilions which INCLUDE Ihe Slandards for Real Estate Transactions printed on the reverse or allached ("Standard(s)") and any addendum to this instrument
I
I.
DESCRIPTION: (a) Lagal description of Real Property localed in Pin F! 11 a s
MM~ Dixsnn's Subdivision. Lots 8 and 9. I?B. 3.
County, Florida:
Pq. 44.
(b)
(c)
Street address, city, zip, of the Property Is:
Personalty: ~nnp
,
'4n6 ~n_ MMc'lisnn AVF!.
Clearwater. Florida.
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II. ';~y:~:~~E PRICE.....".."...,..,......,.." '..........."".. ..,.. '.. ,..." ,'" ..... ',.......,' ,... '~~i' j'4"'- ":{J/f,r, '/...,.."., ,$
(a) Deposil(s)tobe held In escrow by AAsls1ie 'l'ii-lp ~PTyi~F!S l1y llf'l-11Il9.l~untof $
(b) Subject to AND. as~umpl/on ,of mortgage in good standing In favor Of, N / A
. .' . '.
lAn nnn
c; 000_
,,--. ~..,---~--,- having'.n approximate present principal balance of $
(c) Purohase money mortgage and mortgage . bearing annuat Interest al N / A % on terms sel forth herein, In amount of "",.,.., $
(d) Other: $
(e) Balance to dose (U,S, cash, LOCAL AWN cerlille or cashier's check), subject to adjustments and prorations" ",."""".."'..,, $' 1 7 5 . 0 0 0 .
III. TIME FOR ACg,UTANCE; E FECTIVE -. ItWil-~ not exe~uted by end delivered to all p~rl/es OR FACT OF EXECUTION communicated in writing between Ihe parties
on or before LA ~. -' I. I '41' ' , the deposit(s) will, at Buyer's option, be returned to Buyer and the ofler withdrawn,
The date oi this Contract ("Effective Dete") the' date when the last one 01 the Buyer and the Seller has signed this offer,
IV. FINANCINB: (a) It' Ipe purchase price or any parI 01 it Is to ,be financed by a third party loan, Ihis Contract for ,Sale and Purchase ("Contract") Is conditioned on the Buyer
obtaining a written commltme~tlor the loan within. days from Effective Data, at an Initial Inle'rest rate not to exceed %; term of ' years;
andln the prinCipal amount 01 $. , Buyer will make applloatlon within . days from Effective, Date, and use reasonable diligence to obtain lile loan COITl'
mltent and, therealter. to meat the terms and conditions 01 the commltlment and to close the loan, Buyer shall pay all loan expenses. II Buyer fails to obtain the loan commilment and,
promptly notltlesSeller In wrlting,or after diligent effort tails to meelthe. terms and conditions 01 the commitment or to' waive Buyer's rights under lhls subparagrapilwililin lile time
stated lor Obtaining the commitment, .then either party may cimcel.the Contract and Buyer shall be refunded the deposlt(s). . ,
(b) The exi~ting mortgage described In Paragraph It(b) above has (CHECK (1) OR (2)): (1) 0 a variablt! interest rate OR (2) 0 a fl~ed interest rate of % per annum,
At time of title transfer some fixed interest rates are subject to Increase, 1/ increased, the rate shail not exceed % per annum, Seller shall, within
days trom Effecllve Date, furnish a statement from all mortgagees atating principal balances, method of payment, Inlerest rate and status of mortgagas..1I Buyer has agreed to assume
a mortgage which requires approval of Buyer, by the mortgagee . for assumption, Ihen Buyer shall promplly obtain all required applications. and will dillgenlly complele and return Il1em
to the mortgagee, Any mortgagee charge(s) not to exceed $ shall be paid by (If not filled in, equally .. ed). If the Buyer 15 nol accepted
by mortgagee or the requirements for assumption are not In accordance with the terms of the Contract or mortgagee makes a ch . s of the stated amount, Seller or
Buyer may rescind this Contract by prompt written notloe to the other party unleaa either elects to pay the Increase in interest rate or exc"l!Iil e arges.
V. TITLE.EVtDENCE: At least ~ClaYS before closing date, Seller shall, at Seller's expense, deliver 10 Buyer or Buyer's all Nit, iJ1 p. ccordan~.e with Slandard A, (Check ( i)
,or (2)): (1) 0 abstract of tllIe OR (2lKltille Insurance commitment. ..:JlJlUC'...:i.> ' .v'.t tJo-::.. .'
VI; CLOStNB DA~E: Thls,transaption s~a,1I be closed and the deed and otl1er cl()sing papers delivered on PIIlY :J 4.: 19 g,[)J s ~ \>\1' other provisions 01 Contract.
VII. RESTRtCTIONS: EASEMENTSj LIMITATIONS: Buyer shall lake title subject to; zoning, restrictions, prohibitions and other requiremen 'mposed b 'overnmenlal aulhority; restrictions
and mailers appearing on the pial or otherwise common 10 the subdivision; public utilily easements of record (easemenls are 10 be 10 nliguous loReal F'roPEJrjy li'll'S. and
not more than 10 feet in width as to the rear or front lines and 7'k leel in width as 10 the side Iines;-crfless otherwise specilied herein); taxes for\lear' of cfosing,a[1Q,$ubSeQlI9D!
y~ars; assumed mortga~s_and purgJ::l~em~[1~!lJl2I:.tQ!!ges.JIB/llI~.ott>..er;.;~. _ _ =.., ,~,----' -
- provided, that there exists at clOSing no violation of. the foregoing and none ollhem prevents 4se 01 Raal Properly for Pllrpose(s),
VIII. OCOUPANOYI Seller warranls that there are no parties ,In OOCupllncy other than Seller. but If Property Is Intended 10 be rented or occupied beyond closing, Ihe fact and terms
thereof shall be stated ,herein, and the tenant(s) or occupants disclosed pureuant to Standard F. Seller agrees to deliver occupancy 01 Property at time of closing unless olherwise
stated herein. II occupancy 18 to be delivered before closing, Buyer assumes all risk of loss to Properly from date of occllpancy, shall be responsible and liable for maintenance from
that date, and shall be deemed to have accepted Property In their existing condition as of time of taking occupancy unless otherwise slated herein or in a separale writing,
IX. .TYPEWRITTEN OR HANDWRITTEN PROVISIONSI Typewritten or handwritten provisions shall control all printed provisions of Contract In conflict wilh them.
X. INSULATION RIDER: II Cont~actls utilized lor the, sale 01 a new residence, the Insulation Rider or equivalent may be allached.
XI. COASTAL CONSTRUCllON 'CONT"'OL LINE (~CCCL") RIIl,ER: If Contract Is utilized for the sale 01 Property.alfected by the CCCL, Chapter 161, F.S" (i985), as amended,
shall apply and Ihe CCCL Rider or equivalent may be attached to this Contract
XII. FOREIGN INVESTMENT IN REAL PROPERTY TAX ACT ("FIRPTA") RIDER: The parties shalf comply with the provisions 01 FIRPTA and applicable regulations which could
require Seller to provide additional cash a! closing to meel wlihholdlng requirements. and the FIRPTA Rider or equivalent may be allached to this Conlract
XIII. ASSIGNABILITY: (CHECK (1) or (2)); Buyer (1) S may assign OR (2) 0 may nol assign Contract.
XIV. SPECIAL CLAUSES: (CHECK (1) or (2)): Addendum \ 1).0 Is attached OR (2)liJ .Is not applicable,
-----------
THIS IS INTENDED TO BE A LEGALLY BINDING CONTRACT.
IF NOT FULLY UNDERSTOOD, SEEK 'THE ADVICE OF AN ATTORNEY PRIOR TO SIGNING.
THIS FORM HAS BEEN APPROVED BY THE FLORIDA ASSOCIATION OF REALTORS AND THE FLORIDA BAR
Approval does not con.s/flule an opinion Ihat any of the terms and cOnditions Iti this COOtract should be accepted by the parties in a particular lransaction. Terllls
and cond.tl~,:slioutd be negol/atad based upon the respective intfN!JSIS, objective.s and bargaining positions of ali interested persons.
," . COPYAlqHT 1986 BY THE FLORIDA BAR AND THE FLORID l\SSOCIATION OF REALTORS, INC,
lUM"
- - '.. /'
'-(O-r, Date
,
(p -IO-~I Date
C..lo-71 Dale
6~1..tf' Date
...i>-tlL-Q, Dale
(Selle
Social Security or Tax 1.0, # .,o.tg~~~ =-)~~O
~~~~.
(Seller)
Social Security or Tax 1.0, # ......B. ') \ -Ull. -\<.0 \ z
5-\llQJ
Deposli(s) under Paragraph II rece (I; IF OTHER THAN CASH. THEN SUBJECT TO CLEARANCE. (Escrow Agentl
BROKER'S FEE: (CHECK & COMPLETE THE ONE APPLICABLE) By:
W IF A LISTING AGREEMENT IS CURRENTLY IN EFFECT:
""'\ Seller agrees to pay the Broker namEld below, including coopereting sub-agenls named, according 10 the terms of an existing, separate listing agreemenl:
OR ..
o IF NO LISTING AGREEMENT IS CURRENTLY IN EFFECT: .
Seller shall pay the Broker named below, at time of closing, from the disbursements of the procaeds of the sale, compensation in the amount or (COMPLETE ONLY ONE)
~ % of gross purchase price OR $ ,for Broker's services in effecting the sale by finding the Buyer ready, willing and aole 10 pu~chase pursllanllo Il1e foregOing
Contract. If Buyer rails to perform and deposit(s) is retained, 50% thereof, but not exceeding Ihe Broker's lee above provided. shaU be paid Broker, as full consideration lor Broker's
services including costs expended by Broker, and the balance shall be paid to SeUer, If the transaction shall not close because of refusal or lailure of Seller to perform, Sellor sl1all
pay the full lee to Broker on demand. In any litigation arising out of the Contract concerning the Broker's fee, the prevailing party shall recover reasonable ailorney fees and cosls,
1!4/t1~/I( PaIL k;-r1T-G., TAl ( _
~~~
By: ,
( uthonzed signatory)
(name of cooperating sub-agent)
RIDERS CAN BE OBTAINED FROM THE FLORIDA ASSOCIATION OF REALTORS OR THE FLORIDA BAR.
STANDARDS FOR REAL ESTATE TRANSACTIONS
A, EVIDENCE OF TITLE: (1) An abstf!}cl of IIIle prepared or brouOhl currenl by a repulable and existing abslracl firm (Ir not existing lhen certified as correct by an existing firm)
I'WP'" lill[l 10 Ill' '111 i1CCllrill,) synopsis 01 tho inslrwllenls affoclinO tille to Real Properly recorded in Ihe public records of Ihe counly wherein Real Property Is localed, Ihrough Effeclive
1),11" ,,,\I I which "hnll CO'lIlllonce willl Ihe earliest puhlic ,ecords, or such laler dale os may be cuslomary In Ihe counly, Upon closing 01 this transaction the abslract shall become
Ihe I""!lnrly 01 Uuyer, subject 10 Ihe rigl11 of relenlion Ihcreol by firsl mortgagee un iii fully paid, (2) A Iille insurance commllmenllssued by a Florida licensed title insurer agreeing
10 issl,n 10 Btlyer, upon recording of the deed to Buyer, an owner's policy of Iitle Insurance In the amount of the purchase price, Insuring Buyer's title 10 Real Property, subject only
10 lir",s, encumbrances, exceplions or qualificalion sel lorlh in Ihis Contract and Ihose which shall be discharged by Seller at or belore' closing. Seller shall convey a marketable
lille ""binct only 10 lions, cncumbrnnces, exceplions or qualificalions sel forth in Contract, Marketable title shall 'be delermlned according to applicable Tille Standards adopted by
allll1nrily of Tht' Florida 8m and in accordance with Inw, Buyer slmll have 30 clayS, If abstract, or, 5. days, if tilla commitment, from date of receiving evidence of IIl1e to examine
il. If tilie is found defQclive, Buyer shall, within 3 days, notify Seller in writing specifying defecl(s), If the delecl(s) render IIlle unmarkelabfe, Seller will ~ave 120 days from receipt
01 notice within which to remove the defect(s), failing which Buyer shall have Ihe oplion of either accepting Ihe litle as it then is or demanding a refund of deposit(s) paid which
shall immedialely he returned to Buyer; thereupon Buyer and Seller shall release one anolt1cr of all further obligations under the Contract. Seller wllf, if title Is found unmarketable,
lIse diligenl cfforl to correct c1elect(s) in lille wilhin the time provided Iherelor, including Ihe bringing of necessary suits.
8. PUI1CHASE MONEY MORTGAGE; SECURITY AGREEMENT TO SELLER: A purchase money mortgage and mortgage nole to Seller shall provide for a 30 day grace period in
the evclIt 01 delaull il a first morlgage and a 15 day grace period if a second or lesser mortgage; shall provide lor right of prepay men I In whole or In part wllhout penally; shall
1101 pOI mil accel(~ralion or inlerest adjust/nenl in event 01 resale 01 Real Properly; shall require all prior lien and encumbrances to be kept in good standing and forbid modlficalions
01 or Illture advcH1ces under prior morlgage(&); .pnd tile Alorlgage, nole and securlly agreement shall be olherwise in lorm and content required by Seller; but Seller may only require
c1auscs'cu510marily loundin: m(jrlgagQs~ 'm6'rlgage no!es;: and security agreemenls generally ulllized by saving and loan inslilutions, or state or national banks located in 1I1e county
wherein Real Properly is located. I\lJ PerSOjlaUy .and leases being conveyed or assigned will, at Seller's oplion, ile subject 10 the lien 01 a security agreemenl evidenced by recorded
financing slatemenls, 1/ a ballooll'iX'rlg~ge: the linal payment will exceed Ihe periodic paymenls lllereon,
C, SUnYEY: BlIyer, al 8uyer'~'expeTise: within time "lIoWod t6 cleliver evidence of litle and to examine same, may have Real Properly surveyed and cerlified by a registered Florida
surveyor. II survey shows encfO~lmlent on Real PrOf)elty orUwl improvemenls localed on Real Property encroach on setback lines, easemenls, lands of olhers, or violate any restrlclions,
f,;olll(;~J ccv~el1nnlz or--a.p~liq3!.r.,9 g9vernme~~t~1 !'"eg\l.L4.1~1..Jhe-s(mlf2' shelll constitute a title defect. , _ _ .
D. TERMITE;S: R'Ner, al,Buiei's:expellse, wilhin lime allowed 10 deliver evidence of tille aild 10 examine same, may have Real Property ,Inspecled by a Florida Cerlified Pest Cohtrol
Oper,ito( fa. deti3rinine if t!lere-iS: any visll:\lllactive lermile infeslation or visible exisling damage from lermile, infeslation in the improvements, If either or bolh are found, Buyer will
have ,I days. IrOI}l dj1le gf:wcilten'Jlolice thereol, willlin whigll to have. all damaqesLwllell1eryisiIJle orrl()UQ~pe()led and estimated bya Iicensed__builde] or general cont[Bqtor. Seller
5h<111 I'~Y valid costs col Ireat",,6iit -fllid repair (5('al1- damags up- 10 2% of purchase price, Shouid such costs exceed Ihat amount, Buyer shall have the option of cancelling Conlract
withill C, days aller receipt-:of .e!5;1traclo(s repair estimale ,by giving wrillen notice to Seller or Buyer may elect to proceed Wilh the Iransactlon, In which event Buyer shall receive
" cr", III ~ll c1osin,! of an Hn'!!l!1l11 'eq~~. Jo Ihe lotal o! ,M}etrealmenl and repair estimate not in excess of 2% of the purchase price. "Termites" shall be'deemed to Include alt wood
c..JCSIr(\iill~J organi.<:;ll1s l'o(Juired1'O bt;. rer;or:'terJ'1J41der- Hio ?tl/dda Pesl Control AcI.
E. INGRESS AND EGRESS: S~ner warranis 'ai1(f rer>reslints thai there Is Ingress and egress to Ihe Real Properly sufficient tor the Intencied use as described In Paragraph VII hereol,
lille 10 which is in accordance will1 Sf,mdard'A
F. LEASES: S'lller shall, nol less than 15 days belore closing, furnish 10 Buyer copies of all writlen leases and ,estoppel lellers from each tenanl specifying the nalure and duration
01 Ih" lenant's occupancy, renlal rales, advanced renl and socurity deposits paid by tenant. If Seller is unable 10 obtain such leller from each tenanl, the same information shall be
IlIlIIisl,'rrl by S..li"r 10 Buyer within Ihat time period in the form of H Seller's allidavit, and Buyer may therealler contactlenanls to confirm such Information. Seller shall, at closing,
<I('livPI '\I,d itssiCJII nil ori\)inaIIQases 10 Buyer, ' '
G, LIENS: Sellm shall furnish 10 Buyer at time 01 closing an alfldavil alle~tlng to'ihe absence..unless'olherwls~' provided for herein, of any financing statements, claims of lie" or
potellt'ill lienols known to Seller and further allesling thai lhere have been no improvemenis 'or repairs lei Properly for 90 days immediately preceding date 01 closing, If Properly
I,as l18en improved, or repaired within lhat lime, Seller shall deliver releases or waivers of mechanics' liens executed by all general contractors, subcontractors, suppliers, and materialmen
in <lcldilion to Seller's lien affidavit setllng forth the names of all such general contractors, subcontraclors, suppliers and materialmen and lurther aHirmlng,thal all charges lor Improvemenls
or repnirs which could serve as a basis for a mechanic's lien or a claim for damages have been paid or will be paid at cfoslng,
II. PLACE OF CLOSING: Closing shall be held in Ihe county where Real Properly is localed, at the office of Ihe ,allorney or other closing ag~nl designated by Seller,
I. TIME: Time is of Ihe essence of Ihis Contract. Time periods herein of less Ihan 6 days shali in the computation exclude Saturdays, Sundays and state or natlonallegaf holidays,
:11](1 <lny lime pel iod provided for herein which shali end on Salurday, Sunday or legal holiday shall exlend to 5:00 p,m. of the next business day.
,J, DOCUMENTS FOR CLOSING: Seller shali furnish deed, bili of sale, mechanic's lien affidavit, assignmenls of leases, tenant and mortgagee estoppellellera, and corrective Instruments.
f!ll\,,"r shall fumish closing slalemenl, morlgage, morlgage note, security agreemenl, and linancing statements.
, ; .' I . ';,' I. .
1<., EXPENSES: f)ocllmentary slamps on the deed and recording corrective inslrumenls shall be paid by Seller. Documentary slamps, Inlanglble tax and recording purchase money
morlg,'oe to Seller, deed and financing slalemenls shall be paid by Buyer, "
L, PRORATIONS; CREDITS: Taxes, assessments, rent, inlerest, insurance and other expenses and revenu'e 01 Property shali ba prorated through day bafore closing, Buyar shali have
tire oplion of taking over any existing policies of Insurance, if assumable, in which event premiums aha Ii be proratad, Cash at closing shall be increased or decreased as may be
,()C]uired by prorations, Prorations wlfl be made through day prior to occupsncy II occupancy occurS'before closing. Advan06'rent and$ecurlly deposits will be credited to Buyer and
()scrow deposits held by mortgegee will be credited to Sellar, Taxes shall ba prorated based on the current year's tax with due allowance made lor maximum allowable discount,
homestead and olller exempl!ons. !! c!o,s!na "C"l"S~tfl rf~tE'~hAJ1_lhA _c(jrrent Vf!l!!'A mlllaQels. not flxed~nd currentyeer's asses.8rT1~ntl~_lIval@ble! taxes wlll.~eprorete_db8sed
"pall such assessmenl and the prior year's millage, If current year's SSSe6Sn1ent Is nol8Willll&, IIlen laxes be pf6fllfMf'oo the BrIar year's ISM, II n;ere-areoolilpleleo Improvemen18
on Real Property by January lsl of year of closing which improvements were not in existenca on 'January 1st of Ihe prior year then taxes shall be prorated based upon Ihe prtor
year's millage and al an equitable assessment 10 be agreed upon belween Ihe parties, failing which, request will be made to the County Property Appraiser tor an Inlormel assessment
t~i<ing inlo consideration avaIlable exemplions, Any lax proration based on;tinestimate may, al request of ell her Buyer or Seller, be subsequently readJusled upon receipt of tax bill
nn condition IImt a statement to thai ellect is In the closing slatement. '
M. SPECIAL ASSESSMENT LIENS: Certified, confirmed and ratified special assessment liens as of date of closing (and not as of Effebllve Date) are to be paid by Seiler, Pending
liAns as oLdale of closing silail be aSSllmed by_Buyer. JIJhe imprQl!ement has be'lIl subslanliallycomplj31ed as of Effective Date, such pending lien shjlllbe_ cOQsidereel as cerli/ied,
confirmed or ratified and Seller shall, at closing, be charged an amount aqual to the last eslimate of assessment for the improvemenl by the public body,
N, INSPECTION, REPAIR AND MAINTENANCE: Seller warrants Ihat, as of 10 days prior to closing, the ceiling, roof (Including the fascia and sorrlls) arid exterior and Interior wails
do not have any VISIBLE EVIDENCE of ieaks or water damage and Ihal the septic tank, pool, all major appliances, healing, cooling, ele'clrtcal, plumbing systems and machinery are
in WORKING CONDITIOI~, Buyer may, at Buyer's expense, have inspecllons made of lhose Il~ms by an appropriately Florida licensed person dealing in. the. construcllon, repair or,
main!enance of 1I10se items and shall report in writing to Seller such Ilems Ihat do nol meel the above standards as 10 defects together wllh the cosl of' correcting them, prior to
Buyer's occupancy or not tess than 10 days prior 10 closing, whichever occurs flrsL Unless Buyer reports such defecls within Ihat time Buyer shall be deemed to have waived Seller's
warranlles as 10 defecls not reported. If repairs or replacement are required, Seiler shall pay up to 3% 01 the purchase prica for such repairs or replacements by an appropriately
Florida licensed person selecled by Seller, If the cost for such repairs or replacement exceeds 3% of the purchase price, Buyer or Seller may elect to pay such excess, failing which
I~ilher parly may cnncel this Conlract. If Seller Is unable 10 correct the defecls prior 10 closing, the cost thereof shall be paid Into escrow et closing, Seller will, upo', reasonable
notice, provide ulilities service for Inspections. Between Effective Date and Ihe closing, Seller shull maintain Properly Including but nol IImiled 10 lhe lawn and shrubbery, in Ihe condition
hp,rein warranled, ordinary wear and lear excepted, Buyer shall be permit led access for inspection of Property prior 10 closing .in order .to confir~ compliance wllh this Standard,
O. RISK OF LOSS: if Ihe Property Is damaged by fire or other casualty belore closing and cost 01 restorallon does not exceed 3% of the assessed valuation of the Property so
damaoed, cost or rostoralion shall be an obligation of Ihe Seller and closing shall proceed pursuanl to the terms, 01 Conlrad with' restorallon costs escrowed al closing, If the cost
01 resloralion exceeds 3% of the assessed valualion of the Improvemenls so damaged, Buyer shall have the option of ellher, taking Property as Is, togather wllh ellh&r Ihe 3% or
any insurance proceeds payable by virtue of such loss or damage, or of cancelling Contract and receiying return of deposlt(s)",
P. PROCEEDS OF SALE; CLOSING PROCEDURE: The deed shall be recorded upon clearance of funds, If abstract, evidence of title shall be continued at Buyer's expense to show
tille in Buyer, without any encumbrances or change which would render Seller's lille unmarkelable from the date of tha last evidence, Proceeds of the sale shall be held In escrow
by Seller's allorney or by such other mutually acceplable escrow agenl for a period of nol longer than 5 days from and after closing data, If Seller's't11le is rendered unmarketable,
Ihrough no faull of Buyer, Buyer shall, within the 5 day period, notify Seller In writing of Ihe defacl and Seller shall have 30 days lrom date of receipt 01 such notification to cure
Il1e de fecI. II Seller fails to timely cure the de feci, all deposit(s) shall, upon written demand by Buyer and wllhln 5 days after demand, be returned 10 Buyer and simultaneously with
such repayment, Buyer shall return Personally 'and vacate Real Property and reconvey il to Seller by special warranty deed, if Buyer falls to make timely demand for refund, Buyer
sl,all take tille as is, waiving all rigl,lts against Seller as 10. any intervening defect except as may be .available 10 Buyer by virtue of warranlles conlalned ,In the deed, If a porlion
01 Il1e purchase price is 10 be derived Irom institutional financin9 or refinancing, requiremenls of the lending instilution as' to place, time of day and procedures for closing, and for
disbursemenl 01 morlgage proceeds sllall control over contrary provision in this Conlract. Seller sllall have the right 10 require Irom lIle lending Inslilullon a wrillen commitmenl that
il will nol withhold disburselnent of mortgage proceeds as a resull of any tille defecl. allributable to Buyer-mortgagor. TI1e_escro", and cloi3ing fJrocedurE:jreCll:Jired lJyihis.. St.lI1dard
mil\, I)~_waived iI Iille-tigen\c";"~'Jr<}lladvel'8&lnaflers pijreyaf'-.nG ~Elll 627. 7ff'11;F,S,[I9B'I'J,"as amiiii1Jea. - .- . ---- - -.
O. ESCROW: Any escrow agent ("Agenl") receiving fllnds or equivalenl Is authorized and agrees by acceptance 01 them to deposit them promptly, hofd same in escrow and, subject
10 cl",lIance, di~burse them in accordance with terms and condition5 of Conlract. Failllre of clearance 01 funds shall not excuse Buyer's performance, If in doubl as to Agent's dulies
',r 1i~I)ililies under Iho provisions of Contract, Agent may, at Agenl's oplion. conlinue to hold Ihe subject mailer of Ihe escrow until Ihe r>arlles mutually agree to Its disbursement,
or unlll a iudgmenl of a court of compelent jurisdiction shall determine the rights of the par lies or Agent may deposll wilh the clerk 01 the circuit court having Jurlsdicllon of the
dispu\':', Upon nolilying all parlies concerned 01 such aclion, all liability on tho part of Agent shali fully terminate, except 10 the extent of accounting for any lIems previously delivered
oul 01 escrow. II a licensed real estate broker, Agent will comply with provisions of Chapter 475, F,S, (1987), as amended. Any suit between Buyer and Saller where Agent is made
H party because 01 acling as Agent hereundar, or in any suit wherein Agent interpleads the subject mailer of Ihe escrow, Agent shall recover reasonable ellorney's fees end costs
i/lcurro" with lIle fees and cosls to be charged ancl assessed as courl costs in favor 01 Ihe prevailing party, Parlles agrea that Agenl shall not be liable 10 any party or person
lor misdelivery 10 Buyer or Seller 01 ilems subject 10 this escrow, unless such misdelivery Is due to willful breacll of Contracl or gross negligenca of Agent.
R. ATTORNEY FEES; COSTS: In any Iitlgalion arising oul 01 this Contract, the prevailing party ShAll be entilled 10 recover reasonable allorney's lees and cosls.
S, FAILURE OF PERFORMANCE: I( Buyer fails to perform this Contracl wll/1in,1I1e lime specified (inCluding payment 01 all deposit(sil, the deposll(s) paid by Buyer-may be retained
I,y or lur 1I1e account 01 Seller as agreed upon liquidated damages, conslderalion for IIle execution of this Contract and In luli settlement of any claims; whereupon, Buyer end Seller
el",,1I I)" relieved of ali obligallons uncler Conlract; or Se,!er, ot Seller's opllon, may proceed In equity 10 enlorce Seller's rlgl1ts under this Contrect. If, lor any reason other than failure
0'11 toell", 10 mal<o Seller's Ii lie marlletllblo aller dliigo/ll oflorl, Seller fails, neglects or rofuses to porlorm lhls Contract, the Buyer may seel< specifiC performance or elocl 10 receive
II,,~ lCd' lin of Buyds cleposil(s) without thereby waivl/lg any aclion lor damages resulllng from Seller's breach.
'1', COIHRACT NOT RECORDABLE; PERSONS BOUND; NOTICE, Neilher this Conlract nor any nollce 01 It shall be recorded In any public records. This Contract shall bind and
Inure I,) Ihe bene lit of the par lies and their successors in inlerest. Whenever Ihe conlext permits, singular shall include plural and one gender shall include all. Notice given by or
10 the allorney.lol any p8rty shall be as elfeclive as if given by or 10 that party.
1I. CONVEYANCE: Seller shall convey lille 10 Real Property by stalutory warranty, Iruslee's, personal representallve's or guardian's deed, as appropriale 10 Ihe status of Selier, subjecl
only 10 mJllers contained in Paragraph VII and those olherwise accepted by Buyer. Personally shall, al requesl of Buyer, be transferred by an absolute bill of sale with warranty
01 litle, subject only to such mallers as may be otherwise provided for herein,
V. OTHER AGREEMENTS: No prior or present agreements or represenlations shali be binding' u~on Buyer or Seller unless Included In Ihis Contract No modificallon or change in
!his Contract sballlle valid or binding upon the parlies unless in wriling and executed by Ibe party or par lies inlended 10 be bound by it.
W, WARRANTIES: Seller warranls thaI lhere are no facls known to Seller materially affecling tbe value of tile Real Properly which are not readily observable by Buyer or which
helVe ""llleen disclosed to Buyer,
J
I
I
I
CITY OF CLEARWATER
Interdepartmental Correspondence Sheet
TO:
Cynthia E. Goudeau, City Clerk
M. A. Galbraith, Jr., City Attorney ~
Purchase from Vincent and Karen Marcionette - Lots 8
and 9, Mac Dixson's Subdivision for future development
FROM:
RE:
DATE:
June 27, 1991
The subject purchase was completed on June 25, 1991, and enclosed
are the following documents:
Contract for Purchase and Sale
Title Commitment # C-9912-807816 issued by Stewart Title
Guaranty Company
Survey
Copy of settlement statement
Copy of warranty deed
I will forward the original deed, the title policy and any other
closing documents when I receive them from the title company.
MAG: jmp
Enclosures
Copy:
Daniel J. Deignan, Finance Director w/copy of Settlement Statement
RECEIVED
JUt' 2 8 199'
C,,.y CLERK
American Land Title Association Commitment - 1966
. -or.
I ~
COMMITMENT FOR TITLE INSURANCE
ISSUED BY
~
STEWART TITLE
GUARANTY COMPANY
STEWART TITLE GUARANTY COMPANY, A Texas 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 pay-
ment 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 effectiV$orllywhen 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 Jssuance 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.
Signed under seal for the Company, but this Commitmeht shall not be valid or binding until it
bears an authorized Countersignature.
IN WITNESS WHEREOF, Stewart Title Guaranty Company has caused its corporate name and
seal to be hereunto affixed by its duly authorized officers on the date shown in Schedule A.
STEWART TITI....E
~~~~
GUARANTY COMPANY
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Chairman of the Board
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Authorized Signatory
President
ANCLOTE TITLE SERVICES INC.
Company
TARPON SPRINGS, FLORIDA
City. State
Serial No. C. 9 912. 8 0 7 816
005N Rev. 3/78
I
I
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 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 I nsured and such parties included under the definition of I nsured 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 (b) to eliminate exceptions shown in Schedule B, or (c) 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 are made a part of this Commitment except as
expressly modified herein.
4. Any action or actions or rights of action that the proposed I nsured 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.
STE~ART TITLE
GU ARANTY COMPANY
All notices required to be given the Company and any statement in writing required to
be furnished the Company shall be addressed to it at P.O. Box 2029, Houston, Texas
77252, and identify this commitment by its printed COMMITMENT SERIAL NUM-
BE R which appears on the bottom of the front of the first page of this commitment.
I
I
SCHEDULE A
91-406
at 8:00 A.M.
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Commitment No.
C-9912-80Z816
Your No.:
Prepared For:
Inquiries Should be Directed to:
1. Policy or Policies to be issued:
Amount
(a) ~ AL T A Owner's Policy $ 180,000.00
Proposed Insured: CITY OF CLEAR~'lATER, A MUNICIPAL CORPORATION
(b) 0 AL TA Loan Policy $
Proposed Insured: NONE
2, The estate or interest in the land described or referred to in this Commitment and covered herein is a Fee Simple,
(a) Fee Simple
3. Title to said estate or interest in said land is at the effective date hereof vested in:
Vincent Edward Marcionette, Jr. and Karen Elaine Marcionette,
husband and wife
4 The land referred to in this Commitment is located in the County of Pinellas
State of Florida and described as follows:
LOTS 8 & 9, MAC DIXSON'S SUBDIVISION, according to the map or plat thereof as recorded in
Plat Book 3, Page 44, Public Records of Pinellas County, Florida.
Page 2
STEWART TITLE
2552
GUARANTY COMPANY
I
SCHEDULE B
I
~
Commitment Number:C- 9912-807816
I. The following are the requirements to be complied with:
1. I nstruments necessary to create the estate or interest to be insured must be properly executed, delivered and duly filed for
record.
1. Satisfaction of Mortgage given by Vincent Edward Marcionette, Jr., and Karen Elaine
Marcionette, husband and wife, in favor of Sun Bank of Pasco County, as recorded
May 21, 1987, in O.R. Book 6499, page 207, and modified in O.R. 6618, page 236, of the
Public Records of Pinellas County, Florida.
II. Schedule 8 of the policy or policies to be issued will contain exceptions to the following matters unless the same are disposed
of to the satisfaction of the Company:
1. Defects, liens, encumbrances, adverse claims or other matters, if any, created, 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, Standard Exceptions:
(a) Rights or claims of parties in possession not shown by the public records.
(b) Easements, or claims of easements, not shown by the public records.
(c) Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by an accurate survey
and inspection of the premises,
(d) Any lien, orright to a lien, for services, labor, or material hereto or hereafter furnished, imposed by law and not shown by
the public records.
(e) Rights of dower, homestead or other marital rights of the spouse, if any, of any individual insured.
(f) Any titles or rights asserted by anyone including but not limited to persons, corporations, governments or other entities,
to tide lands, or lands comprising the shores or bottoms of navigable rivers, lakes, bays, ocean orgulf, or lands beyond
the line of the harbor or bulkhead lines as established or changed by the United States Government or water rights, if any.
3, SpeCial Exceptions:
(a) Taxes.
4. General Taxes for the year 1991 and subsequent years, which are not yet
due and payable.
5. Title to furnishings, furniture, fixtures and equipment whether
attached or unattatched to the real estate are neither guaranteed
nor insured under the terms of this policy.
6. Water, Sewer, and/or garbage removal charges, if any, due and payable
to a municipal authority.
7. Subect to any and all unpaid assesments projected or to beprojected,
if any.
8. Subject to reservations, restrictions, covenants, easements, set-backs
and conditions recorded in plat.
9. Subject to the terms and conditions of the Bussiness Lease recorded in O.R. Book 6499,
page 212, of the Public Records of Pinellas County, Florida.
2153 (Rev, 3/80)
Easement to the City of Clearwater as recorded in O.R. Book 6490, page 1002, of the
Public Records of Pinellas County, Florida.
.J..- 1 Q. \\
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STEWAU,T TITLE
10.
GUARANTY COMPANY
I
I
..
CONTINUATION SHEET
SCHEDULE 1L.IL
Order Number: 91-406
Commitment Number: C-9912-
807816
11. Tax Liens -vs- Tiro AIC, Inc. as recorded in O.R. Book 7493, page 1576, of the Public
Records of Pinellas County, Florida.
Page -3....-
0055
STEWART.TITLE
GUARANTY COMPANY
ALTA OWNER'S POLICY - (4-6-90) WITH FLORIDA MODIFICATIONS
1
I
-- -- -- -- -- -- -- --
-- -- -- - -- -- -- --
POLICY OF TITLE INSURANCE ISSUED BY
STEWART TITLE
GUARANTY COMPANY
SUBJECT TO THE EXCLUSIONS FROM CI" .. RAGE, THE E TIONS FROM COVERAGE CONTAINED IN
SCHEDULE B AND THE CONDITIONS AND .....PULATIONS. S ART TITLE GUARANTY COMPANY, a Texas
corporation. herein called the Company, insures./,' of Date of Poli hown in Schedule A. against loss or damage, not
exceeding the Amount of Insurance stated in Sch' Ie A. sustained 0 Gurred by the insured by reason of:
1, Title to the estate or interest described in ~Ie A being ve$t~c:lother than as stated therein;
2, Any defect in or lien or encumbrance on th~ titl,,:
3. Unmarketability of the title;
4. Lack of a right of access to and fr~
::??
The Company will also pay the costs.~'. defense of the title. as insured, but only
to the extent provided in the Conditions
~~~~
IN WITNESS WHEREOF, Stewart T
duly authorized officers as of the Date of
his policy to be signed and sealed by its
e1Aau/$~
Chairman of the Board
President
<3::k,c.. ~
-
City, State
The following matters are expressly excluded from the cove~
expenses which arise by reason of:
1. (a) Any law. ordinance or governmental regulation (in uilding and zoning laws, ordinances, or regulations) restricting,
regulating. prohibiting or relating to (i) the occupancy. use, or the character, dimensions or location of any improvement now or
hereafter erected on the land; (iii) a separation in ownership 0 ns or area of the land or any parcel of which the land is or was a
part; or (iv) environmental protection, or the effect of any vio inances or governmental regulations, except to the extent that a
notice of the enforcement thereof or a notice of a defect, lien or)encumbr~n(e r~sulting from a violation or alleged violation affecting the land has been
recorded in the public records at Date of Policy. . anew)' '~OII /(fC!
(b) Any governmental police power not excluded by (a) above, except to the extent that a notice of the exercise thereof or a notice of a defect, lien
or encumbrance resulting from a violation or alleged violation affecting the land has been recorded in the public records at Date of Policy.
2, Rights of eminent domain unless notice of the exercise thereof has been recorded in the public records at Date of Policy, but not excluding from
coverage any taking which has occurred prior to Date of Policy which would be binding on the rights of a purchaser for value without knowledge,
3. Defects, liens, encumbrances, adverse claims or other matters:
(a) created, suffered, assumed or agreed to by the insured claimant;
(b) not known to the Company, not recorded in the public records at Date of Policy. but known to the insured claimant and not disclosed in writing to
the Company by the insured claimant prior to the date the insured claimant became an insured under this policy;
(c) resulting in no loss or damage to the insured claimant;
(d) attaching or created subsequent to Date of Policy; or
(e) resulting in loss or damage which would not have been sustained if the insured claimant had paid value for the estate or interest insured by this
policy.
4. Any claim, which arises out of the transaction vesting in the insured the estate or interest insured by this policy, by reason of the operation of
federal bankruptcy, state insolvency, or similar creditors' rights laws.
--~---........"""+-'-~-
Page 1 of
Policy 0-2111-
SerIal No,
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17803
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211 (Rev. 4.6,90)
~ -'!:'-
CONDITIONS AND STIPULATIONS
1. DEFINITION OF TERMS. (d) In all cases where this policy permits or requires the Company to prose'
The following terms when used in this policy mean: cute or provide for the defense of any action or proceeding, the insured shall
(a) "insured"; the insured named in Schedule A, and, subject to any rights secure to the Company the right to so prosecute or provide defense in the action
or defenses the Companr would have had against the named insured, those who or proceeding, and all appeals therein, and permit the Company to use, at its
succeed to the interest 0 the named insured by operation of law as distinguished option, the name of the insured for this purpose, Whenever requested by the
from purchase including, but not .limited to, heirs, distributees, devisees, survivors, Company, the insured, at the Company's expense, shall give the Company 011
personal representatives, next of kin, or corporate or fiduciary successors, reasonable aid (i) in any action or proceeding, securing evidence, obtaining wit,
(b) "insured claimant"; an insured claiming loss or damage, nesses, prosecuting or defending the action or proceeding, or effecting settle,
(c) "knowledge" or "known": actual knowledge, not constructive knowledge ment, and (ii) in any other lawful act which in the opinion of the Company may
or notice which may be imputed to an insured by reason of the public records as be necessary or desirable to establish the title to the estate or interest as insured.
defined in this policy or any other records which impart constructive notice of If the Company is prejudiced by the failure of the insured to furnish the required
matters affecting the land. cooperation, the Company's obligations to the insured under the policy shall ter,
(d) "land": the land described or referred to in Schedule A, and imerove, minate, including any liability or obligation to defend, prosecute, or continue any
ments affixed thereto which by law constitute real property, The term ' land" litigation, with regard to the matter or matters requiring such cooperation,
does not include any property beyond the lines of the area described or referred 5, PROOF OF LOSS OR DAMAGE.
to in Schedule A, nor any right, title, interest, estate or easement in abutting In addition to and after the notices required under Section 3 of these Condi.
streets, roads, avenues, alleys, lanes, ways or waterways, but nothing herein shall tions and Stipulations have been provided the Company, a proof of loss or dam.
modify or limit the extent to which a right of access to and from the land is age signed and sworn to by the insured claimant shall be furnished to the Com-
insured by this policy,. pony within 90 days after the insured claimant shall ascertain the facts giving rise
(e) 'mortgage '; mortgage, deed of trust, trust deed, or other security to the loss or damage, The proof of loss or damage shall describe the defect in,
instrument. or lien or encumbrance on the title. or other matter insured against by this policy
(f) "public records": records established under state statutes at Date of Pol, which constitutes the basis of loss or damage and shall state, to the extent possi,
icy for the purpose of imparting constructive notice of matters relating to real ble, the basis of calculating the amount of the loss or damage. If the Companr is
property to purchasers for value and without knowledge, With respect to Section prejudiced by the failure of the insured claimant to provide the required proo of
1 (a}(iv) of the Exclusions From Coverage, "public records" shall also include loss or damage, the Company's obligations to the insured under the policy shall
environmental protection liens filed in the records of the clerk of the United States terminate, including any liability or obligation to defend, prosecute, or continue
district court for the district in which the land is located, any litigation, with regard to the matter or matters requiring such proof of loss or
- -f9l-"uf\m1lrketability ofthe title":--an-alleged Of"Opporent matteraHecting_damage, --- -- -- -
the tiire to the land, not excluded or excepted from coverage, which would entitle In addition, the insured claimant may reasonably be required to submit to
o purchaser of the estate or interest described in Schedule A to be released from examination under oath by any authorized representative of the Company and
the obligation to purchase by virtue of a contractual condition requiring the shall produce for examination, inspection and copying, at such reasonable times
delivery of marketable title, and places as may be designated by any authorized representative of the Com.
2. CONTINUATION OF INSURANCE AFTER CONVEYANCE OF TITLE. pony, all records, books, ledgers, checks, correspondence and memoranda,
The coverage of this policy shall continue in force as of Date of Policy in whether bearing a date before or after Date of Policy, which reasonably pertain
favor of an insured only so long as the insured retains an estate or interest in the to the loss or damage. Further, if requested by any authorized representative of
land, or holds an indebtedness secured by a purchase money mortgage given by the Company, the insured claimant shall grant its permission, in writing, for any
o purchaser from the insured, or only so long as the insured shall have liability by authorized representative of the Company to examine, inspect and copy all
reason of covenants of warranty made by the insured in any transfer or convey. records, books, ledgers, checks, correspondence and memoranda in the custody
once of the estate or interest. This policy shall not continue in force in favor of or control of a third party, which reasonably pertain to the loss or damage. All
any purchaser from the insured of either (i) an estate or interest in the land, or (ii) information designated as confidential by the insured claimant provided to the
on indebtedness secured by a yurchase money mortgage given to the insured. Company pursuant to this Section shall not be disclosed to others unless, in the
3. NOTICE OF CLAIM TO BE GIVEN BY INSURED CLAIMANT. reasonable judgment of the Company, it is necessary in the administration of the
The insured sholl notify the Company promptly in writing (i) in case of any claim, Failure of the insured claimant to submit for examination under oath, pro,
litigation as set forth in Section 4(0) below, (ii) in case knowledge shall come to duce other reasonably requested information or grant permission to secure rea,
an insured hereunder of any claim of title or interest which is adverse to the title sonably necessary information from third parties as required in this paragraph
to the estate or interest, as insured, and which might cause loss or damage for shall terminate any liability of the Company under this policy as to that claim.
which the Company may be liable by virtue of this policy, or (iii) if title to the 6. OPTIONS TO PAY OR OTHERWISE SETTLE CLAIMS; TERMINATION OF
estate or interest, as insured, is rejected as unmarketable. If prompt notice shall LIABILITY.
not be given to the Company, then as to the insured all liability of the Company In case of a claim under this policy, the Company shall have the following
shall terminate with regard to the matter or matters for which prompt notice is additional options:
required; provided, however, that failure to notify the Company shall in no case (a) To Payor Tender Payment of the Amount of Insurance.
prejudice the rights of any insured under this policy unless the Company sholl be To payor tender payment of the amount of insurance under this policy
preludiced by the. failure and then only to the ext~nt of the prejudice. together with any costs, attorneys' fees and expenses incurred by the insured
4. DEFENSE AND PROSECUTION OF ACTIONS; DUTY OF INSURED claimant, which were authorized by the Company, up to the time of payment or
CLAIMANT TO COOPERATE. tender of payment and which the Company is obligated to pay.
_ . . jaL~pon written requ~~t by t~e ins~red ~nd subject to the option.s contained Upon the exercise by the Company of this option, 011 liability and obligations
In ~ectlon oaf twese CO--ntlitIOns- anct-Stlputatlons, the {:om po ny, at Ils own c-est-- to theiflsllfed Ufldefthis~icy r other-than ~-moke lhepayment required,shall
and without unreasonable delay, sholl provide for the defense of on insured in terminate, including any fjability or obligation to defend, prosecute, or continue
litigation in which any third party asserts 0 claim adverse to the title or interest os any litigation, and the policy sholl be surrendered to the Company for
insured, but only os to those stated causes of action alleging a defect, lien or cancellation.
encumbrance or other matter insured against by this policy. The Company shall (b) To Payor Otherwise Settle With Parties Other than the Insured or
have the right to select counsel of its choice (subject to the right of the insured to With the Insured Claimant.
object for reasonable causel to represent the insured as to those stated causes of (i) to payor otherwise settle with other parties for or in the name of on
action and sholl not be liab e for and will not pay the fees of any other counsel. insured claimant any claim insured against under this policy, together with any
The Company will not pay anr fees, costs or expenses incurred by the insured in costs, attorneys' fees and expenses incurred by the insured claimant which were
the defense of those causes 0 action which allege matters not insured against by authorized by the Company up to the time of payment and which the Company
this policy. is obligated to pay; or
(b) The Company shall have the right, at its own cost, to institute and prose. (ii) to payor otherwise settle with the insured claimant the loss or dam,
cute any action or proceeding or to do any other act which in its opinion may be age provided for under this policy, together with any costs, attorneys' fees and
necessary or desirable to establish the title to the estate or interest, as insured, or expenses incurred by the insured claimant which were authorized by the Com.
to prevent or reduce loss or damage to the insured. The Company may take any pony up to the time of payment and which the Company is obligated to pay.
appropriate action under the terms of this policy, whether or not it shall be liable Upon the exercise by the Company of either of the options provided for in
hereunder, and shall not thereby concede liability or waive any provision of this paragraphs Ib)(i) or (ii), the Company's obligations to the insured under this pol,
policy. If the Company shall exercise its rights under this paragraph, it sholl do so icy for the c aimed loss or damage, other than the payments required to be
diligently. mode, shall terminate, including any liability or obligation to defend, prosecute
(c) Whenever the Company shall have brought an action or interposed a or continue any litiQation.
defense os required or permitted by the provisions of this policy, the Company 7. DETERMINATION, EXTENT OF LIABILITY.
may pursue any litigation to final determination by a court of competent jurisdic' This policy is 0 contract of indemnity against actual monetary loss or dam-
tion and expressly reserves the right, in its sole discretion, to appeal from any age sustained or incurred by t.he insured ~Iaimant ~ho h.as suffered loss or
adverse judgment or order. damage by reason of matters Insured against by thiS policy and only to the
J _ e~tent herein describe1
(continued and concluded on last page of this polley)
AL T A OWNER'S POLICY
1
J
SCHEDULE A
Order No.: 91-406
Policy No,: 0-2111-17803
Amount of Insurance: $ 180,000.00
Date of Pol icy: June 26, 1991
1, Name of Insured:
City of Clearwater, A lkmicipal Corporation
2, The estate or interest in the land which is covered by this policy is:
(a) Fee Simple
3, Title to the estate or interest in the land is vested in:
City of Clearwater, a 11unicipal Corporation
4, The land referred to in this policy is described as follows:
LOTS 8 & 9, }~C DIXSON'S SUBDIVISION, according to the map or plat thereof as recorded in
Plat Book 3, Page 44, Public Records of Pinellas County, Florida.
REG. 00012
Page 2
STEWART TrrI...F~
GUARANTY COMPANY
AL TA OWNER'S POLICY
1
l
SCHEDULE B
Policy No.: 0-2111-17803
This policy does not insure against loss or damage by reason of the following:
1. Rights or claims of parties in possession not shown by the public records.
2. Easements, or claims of easements, not shown by the public records.
3. Encroachments, overlaps, boundary line disputes, or other matters which would be disclosed by
an accurate survey and inspection of the premises.
4. Any lien, or right to a lien, for services, labor or material heretofore or hereafter furnished,
imposed by law and not shown by the public records,
5. Community property, dower, curtesy, survivorship, or homestead rights, if any, of any spouse of
the insured.
6. Any titles or rights asserted by anyone including but not limited to persons, corporations,
governments or other entities, to tide lands, or lands comprising the shores or bottoms of
navigable rivers, lakes, bays, ocean or gulf, or lands beyond the line of the harbor or bulkhead
lines as established or changed by the United States Government or water rights, if any.
7. Taxes for the year 19 91 and thereafter.
8. Title to furnishings, furniture, fixtures and equipment whether
attached or unattached to the real estate are neither guaranteed
nor insured under the terms of this policy.
9. Water, sewer, and/or garbage removal charges, if any, due and payable to a municipal
authority.
10. Subject to reservations, restrictions, covenants, easements, set-backs and conditions
recorded in plat.
11. Easement to the City of Clearwater as recorded in O.R. Book 6490 Page 1002, of the
Public Records of Pinellas County, Florida.
Items 1, 2, 3, 4 and 5 are hereby deleted.
2113
Page 3
STEWART TITLE
GUARANTY COMPANY
ICONDITIONS AND S~IPUL~TIONS ContinuJ
(continued and concluded from reverse side of Policy Face)
(al The liability of the Company under this policy shall not exceed the If a payment on account of a claim does not fully cover the loss of the
least 0(: insured claimant, the Company shall be subrogated to these rights and remedies
(i) the Amount of Insurance stated in Schedule A, or, in the proportion which the Company's payment bears to the whole amount of
(ii) the difference between the value of the insured estate or interest the loss.
as insured and the value of the insured estate or interest subject to the defect, If loss should result from any act of the insured claimant, as stated above,
lien or encumbrance insured against by this policy. that act shall not void this policy, but the Company, in that event, shall be
(!2J (This paragraph removed in Florida policies.) required tOlay only that part of any losses insured against by this policy which
(c) The Company will pay only those costs, attorneys' fees and expenses shall excee the amount, if any, lost to the Company by reason of the impair'
incurred in accor~ance with Section 4 of the Conditions and Stipulations. ment by the insured claimant of the Company's right of subrogation.
8. APPORTIONMENT. (b) The Company's Rights Against Non-insured Obligors.
If the land described in Schedule A consists of two or more parcels which are The Company's right of subrogation against non,insured obligors shall exist
not used as a single site, and a loss is established affecting one or more of the and shall include, without limitation, the rights of the insured to indemnities, gua'
p,arcels but not all, the loss shall be computed and settled on a pro rata basis as ranties, other policies of insurance or bonds, notwithstanding any terms or condi,
,f the amount of insurance under this policy was divided pro rata as to the value tions contained in those instruments which provide for subrogation rights by rea-
on Date of Policy of each separate parcel to the whole, exclusive of any son of this policy.
improvements made subsequent to Date of Policy, unless a liability or value has 14. ARBITRATION
otherwise been agreed upon as to each parcel by the Company and the insured Unless prohibited by applicable law, arbitration pursuant to the Title Insur:
at the time of the issuance of this policy and shown by an express statement or by ance Arbitration Rules of the American Arbitration Association may be demanded
an endorsement attached to this policy. if agreed to by both the Company and the insured. Arbitrable matters may
9. LIMITATION OF LIABILITY. include, but are not limited to, any controversy or claim between the Company
(a) If the Company establishes the title, or removes the alleged defect, lien and the insured arising out of or relating to this policy, any service of the
or encumbrance, or cures the lack of a right of access to or ~rom the land, or
cures the claim of unmarketability of title, all as insured, in a reasonably diligent Company in connection with its issuance or the breach of a policy provision or
manner by any method, including litigation and the completion of any appeals other obligation. Arbitration pursuant to this policy and under the Rules in effect
therefrom, it shall have fully performed its obligations with respect to tliat matter on the date the demand for arbitration is made or, at the option of the insured,
and shall not be liable for any loss or damage caused thereby. the Rules in effect at Date of Policy shall be binding upon the parties. The award
(b) In the event of any litigation, including litigation br the Company or with may include attorneys' fees only if the laws of the state in which the land is
the Company's consent, the Company shall have no liability for loss or damage located permit a court to award attorneys' fees to a prevailing party. Judgment
until there has been a final determination by a court of competent jurisdiction, upon the award rendered by the Arbitrator{sl may be entered in any court
and disposition of all appeals therefrom, adverse to the title as insured. having iurisdiction thereof.
(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 The law of the situs of the land shall apply to an arbitration under the Title
prior written consent of the Company. Insurance Arbitration Rules,
10. REDUCTION OF INSURANCE; REDUCTION OR TERMINATION OF A copy of the Rules may be obtained from the Company upon request.
LIABILITY. 15. LIABILITY LIMITED TO THIS POLICY; POLICY ENTIRE CONTRACT.
AII/ayments under this policy, except payments made for costs, attorneys' (a) This policy together with all endorsements, if any, attached hereto by
fees an expenses, shall reduce the amount of the insurance pro tanto. the Company is the entire policy and contract between the insured and the Com-
11. LIABILITY NONCUMULATIVE. pany. In interpreting any provision of this policy, this policy shall be construed as
It is expressly understood that the amount of insurance under this policy a whole,
shall be reduced by any amount the Company may pay under any policy insuring (b) Any claim of loss or damage, whether or not based on negligence, and
a mortgage to which exception is taken in Schedule B or to which the insured which arises out of the status of the title to the estate or interest covered hereby or
has agreed, assumed, or taken subject, or which is hereafter executed by an by any action asserting such claim, shall be restricted to this policy.
insured and which is a charge or lien on the estate or interest described or (c) No amendment of or endorsement to this policy can be made except by
referred to in Schedule A, and the amount so paid shall be deemed a payment a writing endorsed hereon or attached hereto signed by either the President, a
under this policy to the insured owner, Vice President, the Secretary, an Assistant Secretary, or validating officer or
12. PAYMENT OF LOSS. authorized signatory of the Company.
(a) No payment shall be made without producing this policy for endorse, 16. SEVERABILITY.
ment of the payment unless the policy has been lost or destroyed, in which case In the event any provision of the policy is held invalid or unenforceable under
proof of loss or destruction shall be furnished to the satisfaction of the Company. applicable law, the policy shall be deemed not to include that provision and all
(b) When liability and the extent of loss or damage has been definitely other provisions shall remain in full force and effect.
fixed in accordance with these Conditions and Stipulations, the loss or damage 17. NOTICES, WHERE SENT.
shall be payable within 30 days thereafter. 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 P.O. Box 2029, Houston, Texas 77252.
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 pol-
icy, 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 reme-
dies 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 Com-
pany, 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 subro-
gation. The insured claimant shal! 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.
STEWART TITLE
GUARANTY COMPANY
· t
STEWART TITLE
GUARANTY COMPANY
ESTABLISHED 1896
INCORPORATED 1908
A NAME
RECOGNIZED NATIONALLY
FOR MORE THAN 80 YEARS
AS BEING
SYNONYMOUS WITH
SAFETY
, ~..... -- --- - -+-- -+--
t
,,\
SanctifY of COnlrtlU
STEWART TITLE
GUARANTY COMPANY
P. O. Box 2029
Houston, Texas 77252
I';
,
POLICY
OF
TITLE
INSURANCE
I';
GE~'F~eD
f PREPARED FOR: CITY Of ClE.A~vv'ATE:.R.
ANCLOTE. TITL€.. SE-R,v'IGE..S
SEC. ~ TWP. 295 RGE. '~
GOULD
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4-'Wt:C:>'T
B'1'OWN E.LL
5TRE. ET
,
A SURVEY OF LOTS BAND 9, of- .N\Ac...PIxSoN5 SUBD'V'SlON
M RECORDED IN PLAT BOOK ~ , PAGE 44 , OF THE PUBLIC RECORDS
OF PINELlAS COUNTY, FLORIDA
ZONE.. C, PE~ c.t-ry or C.L.EAR..WATE~MAP fANE.L IS ({..-ol- 83)
I HEREBY CERTIFY THAT THE SURVEY REPRESENTED HEREON MEETS THE MINIMUM
REQUIREMENTS OF CHAPTER 21 HH-6, OF THE FLORIDA ADMINISTRATM CODE.
DATE: {" ~ '2.- q I
OWN. BY: Lt.
INY. NO.: 91-~'8
2.;00 MAIN STREET - UNIT H
DUNEDIN, FLORIDA 34698 PH: 734 - 3821
EVANS LAND SURVEYING
c
BOUNOAR.. '-I SLJ~VEY' ONL-Y
JUlj-21-1'391 13: 10 FRClI'l IC I Tl ClF CUd. EtlG I t~EER I 11[1 TiJ I C I Tl t'lAI1AGER F'.03
: .
.) ,. "
.' V.S DI!M"TMENT Of: HOUSINQ AND URBAN UEVl:lOP"t?".
. SmLEMENT STATEMEHT
P"GE.
l. 8EnL!MENJ CHARGES: ltAID FROM PAID PitON
8~RRQW5R" SellER"
roo. l'OT4L IAlES/BROKER'S COMMISSION bmd on Inle. r f,t *' UNOS AT 'UHO' AT
!>lvl,IOft or commfnlon IlItlI/ 700111II lollows: .$6TTLEMeNl SETTLEMENT
701, . 10 .
702. , 10
703. Commlulotl paid II &t1ll'/lIInt
70"
800. ITfMS PAYAblE IN OONNECTION WITH lOAN
SO,. Lo.n Orlgln.llo" F" %
802. !.oM Dlscounl V.
&oJ. Apprllql F" 10
~. CmJlI RepM 10
......
~. LeMera I'"pt~ FM 10
806. MOI1Claoe In.lIrAIICf Ap~llc.tlon ~tlIO
eo7, Anumpllol1 Fill 10
80S.
609.'
810.
811.
900. tTEM$ REQUIRED BY LENDER TO BE PAID IN At>VANCE
901, Inl,ree' II'QIIl 10 OS I~py
902. Mor1t18D8 Inaurllnoe Prem/IIM foe.. to
903. Haz8rd II1II1/1Oe, PlIlInlum 101 yrs. 10
P04.
905. -
'000, RESERVU OEPOSITED WITH LENDER FOR
1001. Haurd 'nwrlne. mo, liP $ I mo.
'002. Mortglg.lnlUtance mo. II" , MO.
1003. OilY property I.xe. mO. l~ $ 11'110.
- mO;it ,
l00.c. Oou"ty I)rop,ny luoe Jmo.
1005. M/l~1 "'O..meOlt 1'110, I' $ Jrno.
'000. . mcqU lmo.
1007. mo. Gt . 'mo.
&
1000. II'IO.l~ C Imo,
1100. T1TL~ CHARGU
1101. 5,1I1',"8n\ or ~19Slol1 I.. . .I~ Anc~Qte Titl.-~ervice" rne. ,. ,_f'l"
1102. ADelreOI or tille U.rCh Ie
1103. Till, I~Mllllallon to
1104. Tlllp In,u/enOI blnd,r \0
1105. Dooument p~p.r.llon 10
llDe. Notary ftel 10
n07. Alloro.,.. 1m 10
(II\tlll"" IbOve IItm. No: )
l1oe. 'rlUelntuIIJI1C. 10
Ilnel\l<l" abov, nom. No: )
1I09. "'nd.,.. cov,rape $
"'0. 0<<1\'" COYerIlD' 5
11",
1112,
1113,
1200. OOVEANMSNT RECORDINO AND TAANS~ER CHARces
ltol, At-cording I,..: OeeC! $ b.W , Mort~g. I . Rei..... $ -6.00
, .
12Q2. City/county 1,.,.lamp,: Dft~ S , 1140"lJag. S
.
'203, SI~1e la~ I slampa: Pnd $ ; MortPA. I ,
t204-
i
'205.
1300. ADDITIONAL SETtLEMENT CHAROES
lXlI. Survey 10 .fW
1302, PeSII!l~PlcIlQn 10 none
- -
1303,
~
30" v ' ~
,- T
r.
.
? lOTAL SETTLEMENT CHAROES "nler On lilles 103 1IIc1 602, $OCllona J Ind IQ '6.00
-1 SettlerB1t $taterent ~ich I have PY'fPared is a trtlQ and accurate account of this transaction. I have caused or
se the funds to be disbursed in atcordanca with this ctatereot.
ent 'Agent - V~ +-.. Date Ll.....l&Jl!L , ~
s a crirre to koo,v1ngly fl0ke false ~tateTent$ to the United StatQs on this or ~ other _similar fonn.
conv1ction can include a fine ~ 1rrpr1sOl1T'Elt'lt. For details seet Title 18 U.S. Code'section 1001 and
, .
"
AFY. "'1/0.1 ("~
JLN-21-1991
13: 0'3 FRml F~~Ll:~ EtlG I tlEER I tlG
I
TO
CITY I1AtlAGER
lj
_wi'!.lII. ~....
. ~
P.02
-,
" Settlement Statement
U.s. Ottp.rtm,"t of Hou"nt
end Ulban OeYelQpment
ii. TYJ)t of Loan ·
1. 0 FHA .2. (J FmHA
., 0 VA $. 0 Colly. loa.
OMs No. 2502~285
- ~
3, 0 COllY. Un Ins. &. FUr Number
91. -406
7. Loen NlIlnbtr
8, Monlll'" II\&1Iranoe Can HUIn~r
C. Noltl Thl,/orm I, fumlshed to Ofv& you a $1<<lemenl c,f actua' settlement COlts. Atnoul)ls paId 10 Ind by lhe 89U1em&nt agenl are 5hown.Il'm,
m,r1(ed "(p.o.ct were paId oUlslde the closing; th&y art shown here for Information purposes and .r9 001 included In the 10lalll.
[j, N:vnOll1d ~rr" 01 Sorrower E. N.me MIl Mer,... 01 seliir f. N.me (In<tMclrtJl 01 lAnder
CITY OF CLEARWATER
P.O. Box 4748
CLEARWATER. FL 34618
VINcENT EDWARD MARCIONEITE, JR.
)~AREN E. MARCIONETTE
O. PloPerty Loc~llon
H. Setllflmenl "IIMt
~ 'r~ SERVICES, INC.
406 S. Madison Aye
Clearwater, Florida
-------
l"n .nM.M
Place 01 Selllemenl
36082 U.S.Highway 19, North
Tarpon Spring8, Florida 34689 6/25/91
K~ SUMMARY OF SfLLm>s TRANSACTION:
400. OROSS AMOUNT DUE TO SELLER:
401. Contract sails price
m. P~nal p~~~ -
403.
404.
405.
I. $ettl,ment 0.,.
J. SUMMARY OF 80RROWER'S TAANSACTION~
100, OROSS AMOUNT Due FROM 80RROWER
101. Conllacl .tla. prlct
102. Pel'$onal PlOperty
103, Selllem,nl char008 10 OotfOwet (Une 14001
lOt
105,
6.00-
-,,--_.----
.-----.-.,---
}dlu.t"'!~ts lor Item. p~~""," Jd;'mll.
loti. City/l0wn 1')(e9 10_
lOr. OounlYllxel ~ 10___
lOB. Aueumonls 10
109,
-
110,
111.
112.
A~,!,.nj. 'or,iltllt. Hid b~ Hlltr In ~,."c.
406. Clly/Iown I..n 10
407. Counl)' ,;;-" - 10
408. At&eumenl$ IQ
.09.
410.
.,t.
412.
0_.--._..--- -----...-
-,-~--,
--.----...~-
--"--.....-....-_~
120. GROSS AMOI1NT DUE FROM BORROWER 180,006.00
200. AMOUNTS PAID lrY OR IN BEHALF OF80RAOWER
-.--,....
201. Otposit 01 u/na.1 money 5 . OQ{J. 00
202. Prlncipa' artlOunl 01 new lotrl(S) --.-.-
203. ElCl.iin~ loan(~) laken $ubjGct to ~ -" ~
204.
420. GROaS AMOUNT Dl,IE TO SELLER
500, "EOllerlONS IN AMOUNT DUE 10 e!LLeR
501. Exc.u OapoJIl ($e. Instrutllonl)
502. S6tU.m,f1t ciiVghiO .tlller (IIn, 1.400)
503. E_lsllno 10an(l) laken II/bjeet to
504. Payoll oIl/1St mol'laaDe 101/\
20$.
505, Payolf of 8&cond mortgag8 loan
-
m.
207,
i08.
209,
...
--~,_.
500.
1lO7.
508.
G09.
"'---- --.---.-
.... Ad/lIltmenlt lor ij~ynp'id bY sel;;r
210. Cllyllown laxes to
211, County tax.. l~
- - ~
Z12. An'8irnenIS to~ _... .".
21).
214.
215. ~
218. .
211.
2t8.
21G.
_ AdJu.'''''nl. far II."" Ul$akf try Hlltr
510. Cityltown llJl(t. 10
611. OOUnlY "XOS to
5U. Assesamenll 10
6ft
514.
515,
$18.
$17.
518.
619.
- ....d~
--,----
----..--.-....---
220. TOTAL PAID 8Y/FOn SORROWER
300. CASH AT SErtUMENT FOA ORTo80RAOWEA '-
301. Grose Ilmolinl due r~om b~rrq,Ot (line 120) ---=.
30~. Lees .mounl, paid ~ylfor borrow.r (line 2~)
If' ,__
, 5.000.00
520. TOTAL REOUCTION AMOUNT OUr: &El.L!R
000. CASH AT SE""EMENT TO 011 ~ROM $E'lLGR
eot. Gross amounl due 10 ,,"or (IIn. .20)
607. lAlI~ "Cluctlon amoullt due ..II., (I/ntl52O)
150,VVO.UU
5.000.00
303. CASH
--.... r
frol'll
$Et.LCR
175,006.00 003. CASH
BORROWER
have carefully reviewed the .w-l Sett1enant StatEm!lt Md to the best of l1IY kl1OHledged. it is a true trJd accurate
~atSTB'lt of all receipts and d1sbursereob; nw.:Ie on DIY account or by Ire in this transaction. I further certify t.hat
have received a copy of tfle IUD-I SettlEllmt Stattnent.
;~,..........~~
l):.....d.4Il _
.4 ~
I
- -
'. I IV' --J.
11 ~
err.
'.
"
~ :
.
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.'
~