HomeMy WebLinkAboutBlair Properties
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Augusta Richmond GA
DOCUMENT NAME: ~'oJ.x '?\~-\\G
DOCUMENTTYPE:~~\C\~~
YEAR: C\,
BOX NUMBER: O~
FILE NUMBER: \ ~O
NUMBER OF PAGE.S: L\
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REAL ESTATE SALES CONTRACT
THIS AGREEMENT, made and entered into this .:5
day of
_c,p fJeM bf'/r
1997, by and between BLAIR PROPERTIES,
L. L. C., hereinafter referred to as the II Sellerll, and AUGUSTA,
GEORGIA, a political subdivision of the State of Georgia,
hereinafter l-eferred to as !!Buyerll i
WIT N E SSE T H:
(1) Seller agrees to sell and Buyer agrees to buy on the
terms and conditions hereinafter set forth the property described
as follows:
ALL that l,ot or parcel of land, -situate, ,lying and being.
in the State of Georgia, County of Richmond, and being
shown and designated as 34.89 acres on a plat prepared by
Robert L. Herrington, Jr., dated May 27, 1997 and
recorded in the office of the Clerk of the Superior Court
of Richmond County, Georgia, on Reel 559, pages 319-320,
reference hereby being made to said. plat for a more
complete and accurate description of the metes, bounds
and location of said property. Said property is located
on the North side of Georgia State Highway 88, at its
intersection with Bath-Edie Road.
(2) The purchase price of the property shall be One
Hundred Seventy-Four Thousand Four Hundred Fifty and NO/100
($174,450.00) Dollars payable as follows:
Cash at closing.
(3) The purchase and sale of this property shall be
closed on or before December 1, 1997, unless otherwise agreed to in
writing.
Possession of the property shall be delivered to Buyer
at closing.
(4) .Seller agrees to ..furnishmarketable title to said
property and agrees to convey said property by general warranty
deed to the Buyer at the time the sale is consummated, subject only
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to:
(a) Covenants and restrictions of record not
violated by existing improvements or use of the propertYi
(b) Zoning ordinances not violated by existing
improvements or use of the property.
(5) Buyer shall furnish to Seller a written statement of
objections affecting the marketability.of said title at least ten
(10) days prior to the date set for closing. If the Seller shall
be unable to convey title in accordance with the provisions of this
contract as a result of the property being affected by any
encumbrance (other than taxes for the current year), outstanding
interests or questions of title not expressly consented to by the
Buyer which renders the Seller's title to the property
unmarketable, and which may according to reasonable expectation be
removed within thirty (30) days, the Seller shall have the
privilege to remove or satisfy the same and shall for this purpose
be entitled to an adjournment of the closing of title for a period
not exceeding fifteen (15) days. The Buyer shall not be required
to bring any action or proceeding or otherwise incur any expense to
render the title to the premises marketable. The Buyer may,
nevertheless, accept such title as Seller may be able to convey,
without reduction of the purchase price or any credit against same
and without liability on the part of the Seller.
(6) Time is of the essence of this contract, and Seller
and Buyer agree that such papers as may be legally necessary to
carry out the terms of this contract shall be executed and
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delivered by the parties at the time this sale is consummated.
(7) Seller is to pay all liens, encumbrances, water
charges and the like on said property and all transfer tax on
Seller's deed.
Buyer is to pay for the examination of title I
intangible tax, and preparation of all instruments necessary to
close this sale.
Taxes shall be prorated as of the date of
closing.
(8) This sales contract is subj ect to the following
special stipulation:
(A) There are no environmental or topographical
restrictions which would reasonably prevent Buyer from using and
developing the property as a recreational complex and community
center.
,
In this regard, Buyer shall have the right and privilege
of entering upon said land for the purpose of making an
examination, exploration, drilling and surveying to satisfy itself
that there are no such restrictions or limitations to the use of
the property.
Seller shall be fully compensated for any and all
damages . to any of said land by reason of such examination,
exploration, or drilling and surveying that Buyer may undertake
between the date of this contract and the date of closing.
(9) There is no real estate broker involved in this
transaction and there are no commissions involved in this sale.
(10) This contract constitutes the sole and entire
agreement between the parties, and no modification to this contract
shall be binding unless such modification is in writing signed by
all parties hereto.
Any representations, promises or inducements
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not included in this contract shall not be binding upon any party
hereto..
All rights, powers, privileges and duties granted or
assumed shall inure to the benefit of and shall be binding upon any
and all successors and assigns of the parties hereto.
IN WITNESS WHEREOF, the undersigned have hereunto set
their hands and seals the day and year written above.
BLAIR PROPERTIES, L.L.C. (L.S.)
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By LU~~v7.L' .
Its ,
SIGNED, SEALED AND DELIVERED
in the presence of:
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MY COMMISSION EXPIRES
Nott!ry Public. tojum~ja County. Georgia
My (5omlilission Expires May 13.2001
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SIGNED, SEALED AND DELIVERED
in the presence of: .
(~~i~Wi~~/
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