Fort Walton Beach Ordinance — 2069--14 Robinwood ‎(Sale of Property)‎ — reading text

77 NOT RY PUBLIC A i M. rU• ' RAY rt.- S Notary Print Name My Commission Expires: 1-e b rkar•11 i74 20x3 N• KIM M. BARNES I. ,'' NoivyRano- Mass olFlorida Commission N 33200682 vim:` My Cansnlsslon Expims fob. 17. 2023  Commercial Contract FloridaRealtors Backridge Tree Service, Inc. Buyer") 1 * 1. PARTIES AND PROPERTY: Seller") 2 * agrees to buy and The City of Fort Walton Beach, a Florida municipal corporation 3 * agrees to sell the property described as: Street Address: 14 Robinwood Rd. Fort Walton Beach, FL. 4 * 5 * Legal Description: a portion of tax id# 14-2S- 24-0100- 0000- 0030 approx. 190' x194' plus or minus, to include area 6 * enclosed by existing fence. See Exhibit A. 7 * Personal Property: none and the following 8 * 9 ( all collectively referred to as the " Property") on the terms and conditions set forth below. 201, 900.00 i0 * 2. PURCHASE PRICE: 5, 000. 00 11 * ( a) Deposit held in escrow by Realty House Commercial Properties, Inc. 12 Escrow Agent") ( checks are subject to actual and final collection) 13 * Escrow Agent' s address: 11 Racetrack Rd. NE Suite H- 1 Phone: 850- 244- 9117 Fort Walton Beach, FL. 32547 days after Effective Date $ 14 * ( b) Additional deposit to be made to Escrow Agent within 15 * ( c) Additional deposit to be made to Escrow Agent within days after Effective Date $ 18 * ( d) Total financing ( as referenced in Paragraph 5) 17 * ( e) Other: Balance to close, subject $ 196, 900. 00 18 * ( f) All deposits will be credited to the purchase price at closing. 19 to adjustments and prorations, to be paid locally with drawn cashier's or official bank 20 check( s) or wire transfer. 21 3. TIME FOR ACCEPTANCE; EFFECTIVE DATE; COMPUTATION OF TIME: Unless this offer is signed by Seller to all parties on or before August 12, 2020 , this offer will be 22 * and Buyer and an executed copy delivered 23 withdrawn and the Buyer's deposit, if any, will be returned. The time for acceptance of any counter offer will be 3 24 days from the date the counter offer is delivered. The " Effective Date" of this Contract is the date on which the 25 last one of the Seller and Buyer has signed or initialed and delivered this offer or the final counter offer. 26 Calendar days will be used when computing time periods, except time periods of 5 days or less. Time periods of 5 27 days or less will be computed without including Saturday, Sunday, or national legal holidays. Any time period ending 28 on a Saturday, Sunday, or national legal holiday will extend until 5:00 p.m. of the next business day. Time is of the 29 essence in this Contract. 30 4. CLOSING DATE AND LOCATION: within 20 days of effective date ( Closing Date), unless specifically Closing Date: This transaction will be 31 * ( closed on a) 32 extended by other provisions of this Contract. The Closing Date will prevail over all other time periods including, but 33 not limited to, Financing and Due Diligence periods. In the event insurance underwriting is suspended on Closing 34 Date and Buyer is unable to obtain property insurance, Buyer may postpone closing up to 5 days after the 35 insurance underwriting suspension is lifted. 36 * Buyer(: l `- )( and Seller( r- t )( acknowledge receipt of a copy of this page, which is page 1 of 8 Pages. 2010 Florida REALTORS® All Rights Reserved CC- 4 REV. 12/ 10 © True Forms- www. TrueForms. com 800- 499- 9612 Form generated by  b) Location: Closing will take place in Okaloosa County, Florida. ( If left blank, closing will take place in the county where the property is located.) Closing may be conducted by mail or electronic means. 5. net-to- exeee tisys-(3-e leye4f-left 6. TITLE: Seller has the legal capacity to and will convey marketable title to Property by ' ! statutory warranty the deed X other special warranty deed free of liens, easements and encumbrances of record or known to Seller, but subject to property taxes for the year of closing; covenants, restrictions and public utility easements of record; existing zoning and governmental regulations; and ( list any other matters to which title will be subject) provided there exists at closing no violation of the foregoing and none of them prevents Buyer's intended use of the tree service business Property as a) Evidence of Title: The party who pays the premium for the title insurance policy will select the closing agent and pay for the title search and closing services. X Seller' s Seller will, at( check one) Buyer' s expense and within 7 days X after Effective Date or at least days before Closing Date deliver to Buyer( check one) X(i.) a title insurance commitment by a Florida licensed title insurer setting forth those matters to be discharged by Seller at or before Closing and, upon Buyer recording the deed, an owner's policy in the amount of the purchase price for fee simple title subject only to exceptions stated above. If Buyer is paying for the evidence of title and Seller has an owner's policy, Seller will deliver a copy to Buyer within 15 days after Effective Date. title- b) Title Examination: Buyer will, within 15 days from receipt of the evidence of title deliver written notice to Seller of title defects. Title will be deemed acceptable to Buyer if( 1) Buyer fails to deliver proper notice of defects or Buyer( uN. )( and Seller( 333:?_)( acknowledge receipt of a copy of this page, which is page 2 of 8 Pages. REV. 12/ 10 © 2010 Florida REALTORS® All Rights Reserved CC- 4 Form generated by True Forms- www. TrueForms. com 800-499- 9612  20 days from receipt of the notice 2) Buyer delivers proper written notice and Seller cures the defects within Curative Period"). If the defects are cured within the Curative Period, closing will occur within 10 days from receipt by Buyer of notice of such curing. Seller may elect not to cure defects if Seller reasonably believes any defect cannot be cured within the Curative Period. If the defects are not cured within the Curative Period, Buyer will have 10 days from receipt of notice of Seller's inability to cure the defects to elect whether to terminate this Contract or accept title subject to existing defects and close the transaction without reduction in purchase price. c) Survey: ( check applicable provisions below) i-) OalIer will•,- within X Buyer will, at Seller' s X Buyer's expense and within the time period allowed to deliver and examine title evidence, obtain a current certified survey of the Property from a registered surveyor. If the survey reveals Buyer will Property or that the improvements encroach on the lands of another, encroachments on the accept the Property with existing encroachments X such encroachments will constitute a title defect to be cured within the Curative Period. d) Ingress and Egress: Seller warrants that the Property presently has ingress