CONTRACT FOR THE SALE OF REAL ESTATE
This Contract for Sale is made on the 15 day of January, 1996, between
XEDNAH INVESTMENTS, a Florida General Partnership whose address is 000 Xxxxxx
Xxxxx, Xxxxxxxxxxx, Xxx Xxxxxx 00000, hereinafter referred to as the "Seller"
and Handex of Florida, Inc., a Delaware corporation, authorized to do business
in Florida, whose address is 00000 Xxxxxxxx Xxxxx, Xx. Xxxx, Xxxxxxx 00000,
hereinafter referred to as the "Buyer".
The words "Buyer" and "Seller" include all Buyers and all Sellers listed
above.
1. Seller agrees to sell and the Buyer agrees to buy the property
described in this Contract.
2. The property to be sold consists of:
(a) The land and all the buildings, other improvements and
fixtures on the land;
(b) All of the Sellers' rights relating to the land; and
(c) All personal property specifically included in this
Contract.
The real property to be sold is commonly known as: 00000 Xxxxxxxx Xxxxx in
the Town of Mt. Xxxx, the County of Lake, and State of Florida. It is shown on
the Municipal Tax Map as Sunset Hills N. 338.7 feet of Lot 2 in Block B, ORB 922
pg. 1328 & 1329. The property is more fully described as follows:
The north 338.7 feet of Xxx 0, Xxxxx X, Xxxxxx Xxxxx, according to the plat
thereof as recorded in Plat Book 6, Page 112, Public Records Lake County
Florida.
3. The Purchase Price is: $327,000.00
4. The Buyer will pay the purchase price as follows:
5. Initial Deposit: $1,000.00
Balance to be paid at Closing of Title in cash or by certified check
(subject to adjustments at Closing)
6. Balance: $326,000.00
1. The Closing Date cannot be made final at this time. The Buyer and
Seller agree to make February 1, 1996, the estimated date for Closing. Both
parties will fully cooperate so the Closing can take place on or before the
estimated date. The Closing will be held at 000 Xxxxxx Xxxxx, Xxxxxxxxxxx, Xxx
Xxxxxx 00000.
2. At the Closing the Seller will transfer ownership of the property to
the Buyer. This transfer of ownership will be free of all claims and rights of
others except as provided in other parts of this Contract. The Seller will give
the Buyer a properly executed Warranty Deed and an Affidavit of Title.
3. A Deed is a written document used to transfer ownership of property.
In this sale the Seller agrees to provide and the Buyer agrees to accept a Deed
known as a Warranty Deed.
The property is being sold "as is." The Seller does not make any
claims or promises about the condition or value of any of the property included
in this sale. The Buyer has inspected the property and relies on this
inspection and any rights which may be provided for in other parts of this
Contract.
4. The Seller is responsible for any damage to the property, except for
normal wear and tear until the Closing.
5. The Seller agrees to transfer and the Buyer agrees to accept ownership
of the property free of all claims and rights of others, except for:
(a) the rights of utility companies to maintain pipes,
poles, cables and other wires over, on and under this
street, the part of the property next to the street or
running to any other improvement on the property;
(b) recorded agreements which limit the use of the property
unless the agreements (i) are presently violated, (ii)
provide that the property would be forfeited if they were
violated, or (iii) unreasonably limit the normal use of the
property; and
(c) all items included, if any, as part of the description
of the property.
In addition to the above, the ownership of the Buyer must be insurable at
regular rates by any reputable title insurance company authorized to do business
in the State of Florida, subject only to the above exceptions.
1. The Buyer and Seller agree to adjust the following expenses as of the
Closing Date:
rents, municipal water charges, sewer charges, taxes,
interest on any mortgage to be assumed and insurance
premiums, etc.
The Buyer or the Seller may require that any person with a claim of
right affecting the property will be paid off from the proceeds of this sale.
2. At the Closing, the Buyer will be given possession of the property.
No Tenant will have any right to the property unless otherwise agreed in this
Contract.
This Contract is the entire and only Agreement between the Buyer and
Seller. This Contract replaces and cancels any previous Agreements between the
Buyer and the Seller. This Contract can only be changed by an Agreement in
writing signed by both Buyer and Seller. The Seller states that the Seller has
not made any other Contract to sell the property to anyone else.
3. This Contract is binding upon all parties who sign it and all who
succeed to their rights and responsibilities.
4. All notices under this Contract must be in writing. The notices must
be delivered personally or mailed by Certified Mail, Return Receipt Requested,
to the other party at the address written in this Contract or to that party's
attorney.
Xednah Investments, a Florida General Partnership hereby represents that
the Partners signing this Contract of Sale are the only partners of said
partnership and no other person has any interest either in the partnership or
the property.
Signed and agreed to by:
Attested: As to the Buyer:
Handex of Florida, Inc.
By: /s/ Xxxx X. Xxxx By: /s/ Xxxxxx Xxxxxx
----------------------- -------------------------
Xxxx X. Xxxx, Secretary Xxxxxx Xxxxxx, President
Witness: As to Seller:
Xednah Investments
By: By: /s/ Xxxxxx Xxx Xxxxx, Xx
-------------------------- ---------------------------
Xxxxxx Xxx Xxxxx, Xx.
Partner
By: By: /s/ Xxxxxx X. Xxxxx
-------------------------- -----------------------------
Xxxxxx X. Xxxxx,
Partner
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