HomeMy WebLinkAbout1946 McCollough��� "per. $' ,'t Y_ ''�� � s�- �•.
MIS AGYMEMMT executed this 24th day of October,, 1946
betweAM the City of lebastiaA. a mmicipal Corporation uuftr the
laws of the state or Florida hereinafter called the Vendor and
w. M. ollo u&., vhose poet office address Is Box 994, Fort
LauderdAle,t Florida,, hereinaf te;r called the Vendee., WITS TAI °.
The Vendor herewith agrees to ll to the Vendee and
the Vendee herewith agrees to buy from'tbi,Vendor property a l t -
ted in Indian River County., Florld q de"ribed as follows,, to -wit:
Begin at the SouthVest e4rner of laUd owl by T. B
Rjoke in Lot 1, section 6, Township 31 South., Range
Easts then" southeast". 1' along the East side
of Old Dixie H191MY 700 feet more or 1608 to than
Nom gido of 50-foot oot apt: t; scheme Northeasterly
along North avide of said street to Indian River;
thence meandering along *aid river in Xorthvesterly
ydireotion to sou�theast�a rser4�.�r,��,,sa��;A l B. am" g by
T. B. Hiek-a y° t �e WeSt vith i�h1L"`i ea id a B. Hi
lam to port or beg A ng P leas however lets I to 'T
I.nel'aaeive in Block 2 or g Hardee as i�.visi on "B" t -
E.
at and for the total pubs price of _3500. to be paid as
e follow I
$500.00 paid at the tim or the execution and delivery
of this Agreement, receipt whereof la he"With aakamlefted by the
Vendor- $1,000.00 to be p d- at time of delivery of Deed, after
approval of title, as hereinafter provided and balance to be re-
presented by note of Vendee payable on or before Jane 1, 1947 in
the principal etas of $2,P-000.00 and bearing later "t mom date at
the rate of 40 per anom enable at the mwturity of said note and
said note to be sew4red by good and suffie-tent first mortgage lion
upon the property herelnbef'ore described..
Vendor almll promptly cause Abstract ct of Title to be prep
pa r94o certi io .. with -respect. to property-
public records to a ftte hot earlier than the date of this Agree-
ment and within 30 days from date hereof ill deliver "id Abstract
pf Title to R. S. wag: as Attorney for Vendee. Thereupon Vendee
shall haave a period of time not to exceed 30 days from date of
delivery of Abstract t within doh to case tha saw to be examined.
In the event said Abstract of Title discloses merchantable fee wimple
title to said property to be vested in Vendor, Vendor shall there-
upon execute and,.daliver its Varranty Deed GouveyiRg said property
to Vendee ard Vendee I wife Ibra M. Col to , and at the
time of delivery a sueh deeds Vendee shall pad' to V' *r the
Bum of $1,000.00 in cash and execute and deliver note payable
to Vendor in the amount of $2j,00016-00 and mmured by first mort-
gage lien on said property as atoftsaid. Said note and mortgage
shall be duly exemted by the Gwmteez rid in such deed of
Taxes of the wirrmt year in vhjoh this tre etim
shall be dosed- X11 be proratedE, 48 betwM the parties vith,
Vendor paling prorates portion tbereof to date of el:osingA Vendor
shall pay all tomes for - 's prior to the gear in whieh closing is
bad.
In the evee.t 'sueb Abstract of Titer ill not diealoee
MOXVhMtab1e fee simple title to said property to be vested: in
Vendor, then 'Vendor shell have a reasonable time vi thin Vh$,oh to
GaMM Said title to be merchantable too simple and shall]. diligently
proeeed to such and provided, that Vendor shall not he ar _ to
expend in excess of $250.00 in addition to +post of Abstract pro-
pamtion in perfecting such title.
In the event said Abstract Shall not disclose merest-
Ole fee simple title and Vendor shoal he unable to perfect said
title within a reasonsble time and at a aim= of expense stated
then VOUdSO shall have the option of tekiAg said property and am-
ple said trans -action with title in the status. disclosed by
such Abstract ead in such event Vendor's Deed of Conveyance sball
be by Special Varranty rafter th&S general Warranty Deed or this
transaction sball be terminated and Vendor shan promptly repay
to- Ve ® the SUM off' 500.00 Uls day paid a zd6 each -t *2itto
Xn be relieved: of ftrther liability to the other party hereto.
In the event Vendor shall proMtly and fully perform all
of its covenants herein containid including the evidencing of mer-
ehentable fee simple title to said property to be vested in it and
Vendee shall fail or refuse to perform his eovenants herein son
tained by aceepting delivery of Deed and paying zaW sum of
$1,,000.00 MA exaeuting and delivering saw note and mortgage
w. aGr.
then Vamdor shall retain the am of $500.00 It paid. by Veafte
as its liquidated dwages herewith fixed.
Mw
ft is Agr&mmt bag been WWOUt4A ft + tpliCatO each
00pY of'Vbieh shall be d Original and l be binding
upon an& Inure to the benatit of "the betra, pox-sonwi pox-so ,retpr en -
Lives., Sftieeftovs _ -of -the parties hereto
hanft &ad seal's at Vero Bea0h, Florida the dray and yew arst