05-1628 CIP Land Purchase - 9 - Laserfiche WebLink

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Vacant Land Contract FLORIDA ASSOCIATION OF REALTORS® PARTIES AND DESCRIPTION OF PROPERTY 1 1. SALE AND PURCHASE: 2 CASSELBERRY INVESTMENT PROPERTIES. LTD. 3 and CITY OF CASSELBERRY. FLORIDA . 4 agree to sell and buy on the terms and conditions specified below the property ("Property") described as: 5 Address: N/A . Legal Description: 7 9 parcels as shown on the attached Property Appraiser Information Sheets 8 9 10 including all improvements and the following additional property: 11 None 12 ("Seller"). I"Buver"}. 13 14 PRICE AND FINANCING (e) (d) $ (e) $ N/A N/A 64 7Q1 DO $ 65,291.00 payable by Buyer in U.S. funds as follows: Deposit received (checks are subject to clearance) by for STENSTROM, MciNTOSH, et al. Signature Name of Company ("Escrow Agent"). Additional deposit to be delivered to Escrow Agent by N/A or N/A days from Effective Date (10 days if left blank). Total financing (see Paragraph 3 below) (express as a dollar amount or percentage) Other: Balance to close (not including Buyefs closing costs, prepaid items and prorations). All funds paid at closing must be paid by locally drawn cashiefs check, official check or wired funds. 15 2. PURCHASE PRICE: ,. (a) $ 500.00 17 18 19 (b) $ 20 21 22 2> 24 25 0 28 determine the purchase price is 0 lot 0 acre 0 square foot 27 prorating areas of less than a full unit. The purchase ri . per unit based on a calculation of 28 total area of the Pro e' n eller by a Florida-licensed surveyor in accordance with Paragraph 8(c) of 2. 30 31 3. CASH/FINANCING: (Check as applicable) ]¡j( (a) Buyer will pay cash for the Property with no financing contingency. ~ O( . .... . 33 "Financing"} within days from Effective Date (if left blank then Closing Date or ffective Date, 34 whichever occurs first) (the "Financing Period"). Buyer will apply for Fina . days from Effective Date (5 35 days if left blank) and will timely provide any and al . oyment, financial and other information required by the 36 lender. If Buyer, after using dii e 81th, cannot obtain the Financing within the Financing Period, either party 37 may cancel thO uyer's deposit{s) will be returned after Escrow Agent receives proper authorization from all 38 39 0 (11th r'lIIll] DII?L.. "II.. flll!II ., J 1h U' III '.. r IlliAlflJ 40 $ or % of the purchase price at the prevailing interest rate and loan costs on 41 Buye(s creditworthiness. Buyer will keep Seller and Broker fully informed of the loan application nd progress 42 and authorizes the lender or mortgage broker to disclose all such information to Seller and 43 0 (2) Seller Financing: Buyer wili execute a 0 first 0 second purchase note and mortgage to Seller 44 in the amount of $ , bearing annual interest at and payable 45 as foltows: 48 The mortgage, note, and any security agreement wlli be i acceptable to Seller and will follow forms generally 47 accepted in the county where the Property is ; will provide for a late payment fee and acceleration at the 48 mortgagee's option if Buyer defaults; wil' uyer the right to prepay without penalty ail or part of the principal at any 49 time(s) with interest only to dat yment; will be due on conveyance or sale; will provide for release of contiguous 50 parcels, if applicable; a require Buyer to keep liability insurance on the Property, with Seller as additional named 51 insured. Buye nzes Seller to obtain credit, employment and other necessary information to determine 52 credi .ess for the financing. SeUerwiil, within 10 days from Effective Date, give Buyer written notice of whether or 53 54 Buyer ~/ I \ and Sener' W. f ) acknowledge receipt of a copy of tnis page, which is Page 1 of 7 Pages. VAC-B R . - 2004 Florida Association of Re~hts reserved. licensed to Ana Star Software. User Reg# 514413125 Software an Ädded Formatting Copyright 2004 Alta Star Software, I"c. All Rights Reserved. (305) 279-8898