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HomeMy WebLinkAboutSALES AGREEMENT_ PURCHASE OF 1238 STEINER AVENUE, AUGUSTA, GA 30901 STATE OF GEORGIA ) RICHMOND COUNTY ) THIS AGREEMENT, made and entered into, this /gday of April, 2017 between Margaret Ann Butler Johnson and Deadra Johnson (hereinafter referred to as "SELLER"), and Augusta, Georgia, a political subdivision of the State of Georgia, (hereinafter referred to as "BUYER"); WITNESSETH: • 1. Seller has agreed to sell and Buyer to buy, on the terms and conditions hereinafter set forth,the real property described on Exhibit "A" hereto attached. 2. The purchase price of said property is $2,500.00 payable as follows: CASH AT CLOSING 3. The Seller hereby acknowledges receipt of$0.00 as earnest money, but accepts the agreement of Buyer not to condemn the property as good and valuable consideration for this contact. 4. Seller agrees to furnish a marketable title to said property and agrees to convey said property by general warranty deed to Buyer at the time the sale is consummated, subject to: 1. Covenants and restrictions of record not violated by existing improvements or the use of the property. 2. Zoning ordinances not violated by the existing improvements or the use of the property. 3. Encumbrances and leases specified in this contract. (b) Buyer shall furnish to Seller a written statement of objections affecting the marketability of said title at least fifteen(15) 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 which constitute a lien, but are not due and payable at the time of closing), outstanding interest or question of title not expressly consented to herein by the Buyer which render the Seller's title to the premises unmarketable, and which may according to reasonable expectations, 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 Seller 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. 5. The purchase and sale of the subject property shall be closed on or before May 30, 2017. Possession of the property shall be delivered to the Buyer on or before the time of closing. 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 delivered by such parties at the time this sale is consummated. 7. Seller warrants that when the sale is consummated the improvements on the property will be in the same condition as they are on the date of this contract, natural wear and tear excepted, and Seller specifically assumes the risk of loss or damage to said property until the consummation of the sale. Should the premises be destroyed or substantially damaged before this contract is consummated, then, at the election of the Buyer: (a) The contract may be canceled; (b) Buyer may consummate the contract and receive such insurance as is paid on the claim of loss; if there is no insurance the reasonable cost of repairing said improvements shall be subtracted from the purchase price provided for in paragraph 2 hereof. The election is to be exercised by Buyer within ten(10)days after the amount of the Seller's damage is determined. 8. Seller is to pay all liens, encumbrances, water charges and the like on said property, for all transfer tax on Seller's deed. Buyer is to pay for the examination of title, and attorney fees. Taxes are to be prorated as of the date of closing. 9. The special stipulations appearing on Exhibit B hereof, shall, if in conflict with the printed matter contained herein, control. 10. This contract constitutes the sole and entire agreement between the parties and no modification of this contract shall be binding unless attached hereto and signed by all parties to this agreement. Representations, promises or inducements not included in this contract shall not be binding upon any party hereto. 11. All rights,powers,privileges and duties hereby granted or assumed shall inure to the benefit of and shall be binding upon the successors, assigns, heirs, administrators and executors of the parties hereto. WITNESS WHEREOF, the undersigned have hereunto set their hands and seals, this day of April, 2017. Augusta, Georgia s By: 7_. e ...h.. (L.S.) Its: •i inistrator Buye i ' // // Z2.t # /.!- (L.S.) G9 aret Ann Butler Johns, —Seller g (42,„,,...,c,,,„..____ , „int_____- / -tx2 (L.S.) Deadra Johnson- ller Exhibit "A" All that lot, tract or parcel of land, with all improvements, thereon, situate, lying and being in the City of Augusta, Richmond County, Georgia on the south side of Steiner Avenue, being triangular in shape, and being bounded as follows: On the north by Steiner Avenue; on the south by Hornsby's Lane; and on the west by property, now or formerly of Marguerite Butler, and known as 1702 Chestnut Street, Augusta, Georgia, and by property known as 1708 Chestnut Street, Augusta, Georgia. The improvements on said property are known under the present system of street numbering in the City of Augusta, Georgia as 1238 Steiner Avenue. This is a portion of the property conveyed to Joicie Williams by the Estate of Charlie Williams, by Deed of Assent dated December 11, 1933, and recorded in the Office of the Clerk of the Superior Court of Richmond County, Georgia in Realty Book 12-E, page 332. Being the same property conveyed by the Estate of Joicie Williams to Margaret Ann Butler Johnson (Life Estate) and Deadra Johnson(Remainderman)by a Deed of Assent dated March 28, 1986, and recorded in the Office of the Clerk of the Superior Court of Richmond County on Realty Reel 224, page 937. Map & Parcel No. 059-3-172-00-0 Exhibit "B" SPECIAL STIPULATIONS None.