1955-08THIS AGREEMENT made and entered into this July 6,
1955, by and between CITY OF CLERMONT, a municipal corp-
oration, party of the first part, and GRANT H. THOMPSON,
party of the second part, both of Lake County, Florida,
W I TN E SSE T H:
That for and in consideration of the sum of One
Dollar ($1.00) paid by each party herein to the other and
by each hereby acknowledged, the party of the second part
does hereby agree to purchase from the first party, and
the first party does hereby agree to sell to the second
party, his heirs, executors, administrators and assigns,
the following described parcels of property, situate, lying
and being in the City of Clermont, Lake County, Florida:
PARCEL 1.
Lots 4, 6, 8, 10 and 12, of Block 109,
as represented on the plat of Indian
Hills, a subdivision in the City of
Clermont, and as further represented
on the Official Map of the City of
Clermont;
PARCEL 2
Lots 2, 3, 4, 5 and 6, of Block l26A,
Sunset Park, as represented on the
Official Map of the City of Clermont;
for and in consideration of the total purchase price of
Four Thousand and No/lOO Dollars ($4,000.00), payable in
manner as follows:
$400.00 upon signing this Agreement, the receipt
wherefor is hereby acknowledged by first
party; and the remaining balance of
$3,600.00to be paid in the manner as hereinafter
set out in numbered paragraphs;
second party agreeing to pay the sum of Four Hundred Twenty-
Five and No/100 Dollars ($425.00) for each and every of the
lots described in Parcel 1. and second party agreeing to pay
the sum of Three Hundred Seventy-Five and No/100 Dollars
($375.00) for each and every lot described in Parcel 2; and,
it is further,
MUTUALLY UNDERSTOOD AND AGREED by the respective
parties hereto:
1. That second party will not assign this contract,
nor will he sell any of the lots hereunder to any other per-
son, firm or corporation except such sale shall further embrace
a contract between second party and third party for the erec-
tion and construction of a single-family residence and when
executed copy of the signed contract is presented to first
party, together with a check for the purchase price of the
lot for each respective parcel as set forth hereinabove, first
party will convey by Special Warranty Deed its title to said
lot embraced within the contract. Nothing herein contained
shall prevent second party from entering into a contract with
any third party for the purchase of two or more of said lots,
provided said contract also embraces the erection of one or
more single-family residences, and nothing herein contained
shall prevent the second party from dividing the respective
lots in each parcel so that a third party can obtain a mini-
mum of one lot and a fractional part of an additional lot,
but no single-family residence shall be contracted for, nor
shall the City convey in accordance with the contract, a
fractional part of anyone of the lots hereinabove described,
for the erection on said fractional part of a lot, for a
single-family residence. Second party shall not contract
for the sale of and erection thereon on any lot other than
for a single-family dwelling or residence. These lots are
hereby restricted to the use of only as residential property.
2. First party will furnish the required documentary
stamps; second party will obtain at his expense abstract of
title, or title insurance, and if necessary, pay all costs
in connection with the perfection of the title, it being
understood that first party shall sell and convey and sec-
ond party shall purchase and accept the conveyance of what-
ever title of record first party now has in and to each and
every lot hereinabove described.
3. The Four Hundred and No/100 Dollars ($400.00) paid
with, the execution of this Agreement shall be held by first
party and shall be credited on the payment of the last lot
conveyed hereunder and second party agrees to purchase and
have conveyed to him all of the above described property on
or before July 6, 1956, and all unpaid balance due hereunder
from date hereof shall bear interest at the rate of five per
cent (5%) per annum, payable quarterly; and in the event
second party, his heirs, executors, administrators or assigns,
if, for any reason, fails or refuses to perform each and every
of the covenants herein contained and by him hereunder to be
performed, first party, at 5:00 P.M., July 6, 1956, will de-
clare this contract. null and void by giving notice thereof
in writing, mailed to second party at his last known address,
that all sums paid hereunder shall be forfeited by second
party as payment in full of liquidated damages; likewise,
if first party fails, or for any reason, fails to perform
any conditions or covenants imposed upon it, second party
shall be entitled to receive all expenses and costs that may
be incurred by him in enforcing first party to perform same.
4. This .Agreement shall be binding upon and inure to
the benefit of the heirs, executors, administrators, success-
ors and assigns of the respective parties herein, and time
shall be the essence hereof.
IN.WITNESS WHEREOF the City of Clermont has caused
its common seal to be hereto affixed and this Agreement
executed by its Mayor and attested by its City Clerk, and
the said Grant H. Thompson has hereunto set his hand and
seal, all as of this July 6, 1955.
CITY OF CLERMONT
By:
Mayor
Signed, Sealed and
Delivered in the
Presence of:
Attest
City Clerk
Grant H Thompson
STATE OF FLORIDA,
COUNTY OF LAKE.
I HEREBY CERTIFY That on this 6th day of July A. D.,
1955, before me personally appeared Wm. W. BOYD, and A. M.
JOHNSON, respectively Mayor and City Clerk of the CITY OF
CLERMONT, a municipal corporation under the laws of the
State of Florida; and GRANT H. THOMPSON, to me known to be
the persons described in and who executed the foregoing
Agreement and acknowledged before me that they executed the
same freely and voluntarily for the purposes therein expressed.
WITNESS my hand and official seal at Clermont, County
of Lake and State of Florida.
Notary Public
Notary Public. State of Florida at large.
My commission expires Sept. 12, 1958.
Bonded by American Surety Co. at N Y.
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