05-1583 B Freeman Land Purchase - Laserfiche WebLink

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Vacant Lànd Corttract FLORIDA ASSOCIATION OF REALTORS® EXHIBIT "A" PARTIES AND DESCRIPTION OF PROPERTY 1 1. SALE AND PURCHASE: 2 Thomas G. Freeman 3 and City of Casselberry. a Florida municioal corooration 4 agree to sell and buy on the terms and conditions specified below the property ("Property") described as: 5 Address: North Winter Park Drive (between Seminole Blvd. and Bluebe/1 Dr.) . 6 Legal Description: 7 Parcel 1: The Northerly 112.5 feet of Lot 1 and the Northerly 112.5 feet of the Westerly 112 of Lot 2, Block B, 6 SPORTSMAN'S PARADISE, Plat Book 8, Page 12; Parcel 2: North 225 leet 01 Easterly 1/2 01 Lot 2, Block B, 5 SPORTSMAN'S PARADISE, Plat Book 8, Page 12, Public Records of Seminole County, Florida. 10 including all improvements and the following additional property: 11 nla '''Seller'''. '''Buver''). 12 13 14 PRICE AND FINANCING 182735 DO $ 187,735.00 payable by Buyer in U.S. funds as follows: Deposit received (checks arel!"ubject to clearance) by (~ìQÞ 1~ for Stenstrom, McIntosh, etal. Signature Name of Company ('Escrow Agenr'), Additional deposit to be delivered to Escrow Agent by nla or nla days from Effective Date (10 days if left blank). Total financing (see Paragraph 3 below) (express as a dollar amount or percentage) Other: nla Balance to close (not including Buyer's closing costs, prepaid items and prorations). All funds paid at closing must be paid by locally drawn cashie(s check, official check or wired funds. 15 2. PURCHASE PRICE: 16 (a) $ 5.000.00 17 18 19 (b) $ 20 21 (c) 22 (d) $ 23 (e) $ 24 25 0 ( 26 determine the purchase price is 0 lot 0 acre 0 square foot other (speci : 27 prorating areas of less than a full unit. The purchase rice . per unit based on a calculation of 28 total area of the Pro e . an eller by a Florida-licensed sUlveyor in accordance with Paragraph 8(c) of . . 29 30 31 3. CASH/FINANCING: (Check as applicable) ¡¡( (a) Buyer will pay cash for the Property with no financing contingency. aD' .. .. . . 33 "Financing") within days from Effective Date (if left blank then Closing Date or 30 days from Effectiv ate, 34 whichever occurs first) (the "Financing Period"). Buyer will apply for Financing within days from Effe' Date (5 35 days if left blank) and will timely provide any and all credit. employment, financial and other informal' required by the 36 lender. If Buyer, after using diligence and good faith. cannot obtain the Financing within the Fina . g Period, either party 37 may cancel this Contract and Buyer's deposit(s) will be returned after Escrow Agent receive oper authorization from all 36 intere5ted parties. 35 0 (1) New Financing: Buyer will secure a commitment for new third pa nancing for 40 $ or % of the purchase price at the Rr lling interest rate and loan costs based on 41 Buye(s creditworthiness. Buyer will keep Seller and Broker fully i med of the loan application status and progress 42 and authorizes the lender or mortgage broker to disclose all s Information to Seller and Broker. 43 0 (2) Seller Financing: Buyer will execute aDO second purchase money note and mortgage to Seller 44 in the amount of $ , bearing al interest at % and payable 46 as follows: 46 The mortgage. note, and any security ement will be in a form acceptable to Seller and will follow forms generally 47 accepted in the county where roperty is located; will provide for a late payment fee and acceleration at lhe 48 mortgagee's option if Buye aults; will give Buyer the right to prepay without penalty all or part of the principal at any 49 time(s) with interest 0 date of payment; will be due on conveyance or sale; will provide for release of contiguous 50 parcels, if appli ; and will require Buyer to keep liability insurance on the Property, with Seller as additional named 51 insured. B r authorizes Seller to obtain credit, employment and other necessary information to determine 52 ered' rthiness for the financing. Seller will, within 10 days from Effective Date, give Buyer written notice of whether or 53 54 Buyer .( \ and Seller rV.~ \ acknowledge receipt of a copy of this page, which is Page 1 of 7 Pages. VAC·8 Rev. 2004 Ronda Association of Realtorsil>. All rights reserved. Ucensed to AJta Star Software. User Reg# $14413125 Softwar an Added Formatting Copyright 2004 Alta Star Software, Inc. All Rights Reserved. (305) 279-8898