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EXHIBIT 10.3
HERITAGE TITLE INSURANCE, LTD.
0000 Xxxxxxxxx Xxxxx, Xxxxx 000
Xxxx Xxxxx, XX 00000
Telephone: (000) 000-0000
Facsimile: (000) 000-0000
CASE#: HTIL-97-2032
Date: February 26, 1997
Grantor: XXXXXXX X. XXXXXXX
Grantee: FLORDECO LTD., a Florida Limited Partnership
Property:
per legal description attached hereto, Fort Xxxxx, Florida
Credits Charges
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Exchange Value 60,000.00
Closing Costs:
Settlement Fee 100.00
Abstract Search 100.00
Title Examination 50.00
Title Insurance 345.00
Courier Fees (Fed-Ex) 30.00
Recording Deed 10.50
State Stamps on Deed 420.00
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Sub-Totals 0.00 61,055.50
Balance Due From Grantee at Closing 61,055.50 $ (60,000)
($60,000) Amount netted by exchange of
5 pd units Flordeco Ltd. for property
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Totals 61,055.50 61,055.50
This Closing Statement is accepted and approved by the undersigned grantee who
authorizes the closing agent to disburse their funds in accordance herewith.
/s/ Xxxxx Xxx
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FLORDECO LTD., a Florida
Limited Partnership
Revised Closing Statement
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Schedule A
The East half (E1/2) of the Northeast quarter (NE1/4) of the Southwest quarter
(SW1/4) of the Northeast quarter (NE1/4) of Xxxxxxx 0, Xxxxxxxx 00, Xxxxx 00,
Xxx Xxxxxx, Xxxxxxx. The same being subject to the reservation of the South 33'
thereof for perpetual road right-of-way purposes.
Also the West half (W1/2) of the Northwest quarter (NW1/4) of the Southeast
quarter (SE1/4) of the Northeast quarter (NE1/4) of Xxxxxxx 0, Xxxxxxxx 00,
Xxxxx 00, Xxx Xxxxxx, Xxxxxxx. The same being subject to the reservation of the
South 33' thereof for perpetual road right-of-way purposes.
Also the West half (W1/2) of the Northeast quarter (NE1/4) of the Southwest
quarter (SE1/4) of the Northeast quarter (NE1/4) of Xxxxxxx 0, Xxxxxxxx 00,
Xxxxx 00, Xxx Xxxxxx, Xxxxxxx. The same being subject to the reservation of the
South 33' thereof for perpetual road right-of-way purposes.
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HERITAGE TITLE INSURANCE, LTD.
COMPLIANCE AGREEMENT
STATE OF FLORIDA
COUNTY OF Xxx
BUYER: FLORDECO LTD., a Florida Limited Partnership
SELLER: XXXXXXX X. XXXXXXX
PROPERTY ADDRESS: per legal attached
The undersigned and in consideration of the above referenced, agrees if
requested by Closing Agent to fully cooperate and adjust for clerical errors,
any or all closing documents deemed necessary or desirable in the reasonable
discretion of Closing Agent to enable clear title.
The undersigned do hereby so agree and covenant in order to assure that
the documentation executed this date will and be acceptable for the issuance of
a Title Insurance Policy by the Closing Agent.
DATED effective day of February, 1997
/s/ Xxxxx X. Xxx
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XXXXX X. XXX for FLORDECO LTD., a Florida Limited Partnership
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XXXXXXX X. XXXXXXX
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File No. HTIL-97-2032
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BUYERS GAP AFFIDAVIT
STATE OF FLORIDA
COUNTY OF XXX
BEFORE ME, the undersigned authority, personally appeared Xxxxx X. Xxx
of Flordeco Ltd, a Florida limited partnership who, after being by me first duly
sworn, deposes and says:
That the Affiant is/are buying this date, the following described property, to
wit:
THE EAST HALF (E1/2) OF THE NORTHEAST QUARTER (NE1/4) OF THE SOUTHWEST QUARTER
(SW1/4) OF THE NORTHEAST QUARTER (NE1/4) OF XXXXXXX 0, XXXXXXXX 00, XXXXX 00,
XXX XXXXXX, XXXXXXX. THE SAME BEING SUBJECT TO THE RESERVATION OF THE SOUTH 33'
THEREOF FOR PERPETUAL ROAD RIGHT-OF-WAY PURPOSES.
ALSO THE WEST HALF (W1/2) OF THE NORTHWEST QUARTER (NW1/4) OF THE SOUTHEAST
QUARTER (SE1/4) OF THE NORTHEAST QUARTER (NE1/4) OF XXXXXXX 0, XXXXXXXX 00,
XXXXX 00, XXX XXXXXX, XXXXXXX. THE SAME BEING SUBJECT TO THE RESERVATION OF THE
SOUTH 33' THEREOF FOR PERPETUAL ROAD RIGHT-OF-WAY PURPOSES.
ALSO THE WEST HALF (W1/2) OF THE NORTHEAST QUARTER (NE1/4) OF THE SOUTHWEST
QUARTER (SE1/4) OF THE NORTHEAST QUARTER (NE1/4) OF XXXXXXX 0, XXXXXXXX 00,
XXXXX 00, XXX XXXXXX, XXXXXXX. THE SAME BEING SUBJECT TO THE RESERVATION OF THE
SOUTH 33' THEREOF FOR PERPETUAL ROAD RIGHT-OF-WAY PURPOSES.
That there are no matters pending against Affiant that could give rise
to a lien that would attach to the property between 1/28/97, Title Insurance
Commitment #CM-1-1205-137 and the date of the recording of the Deed.
That Affiant has not and will not execute any instrument that would adversely
affect the title to the property prior to the recording of the Deed.
FURTHER AFFIANT(S) SAYETH NOT.
/s/ Xxxxx X. Xxx
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XXXXX X. XXX FOR FLORDECO LTD., A FLORIDA LIMITED PARTNERSHIP
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Social Security Number
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Social Security Number
SWORN TO AND SUBSCRIBED before me, this, day of February, 1997.
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NOTARY PUBLIC:
PRINTED NAME:
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