Reso 2008-1264 - Laserfiche WebLink

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Property, or to any appurtenances, structure, use or facility, on or adjacent to, the Property. 1.8 Option Acceptance Date. The date upon which the Buyer notifies Seller that Buyer has exercised the option granted by this Agreement in accordance with Paragraph 2.3 below. 1. 9 Option Expiration Date. Ninety (90) days after Effective Date, or sooner as described hereinafter. 1.10 Property. That certain real property located in the Sunny Isles Beach, Miami-Dade County, Florida, and more particularly described in Exhibit "A" attached hereto and made a part hereof, together with all improvements, property rights, easements, privileges and appurtenances thereto. 1.11 Purchase Price. The price the Buyer shall pay Seller for the Property as set forth in Paragraph 3 below. 1.12 Seller. Seller's mailing address Isles Beach, FL 33160. Avila Condominium Association, is: 17620 Atlantic Boulevard, Inc. Sunny 1.13 Title Commitment. A title insurance commitment issued by or written on a title insurance company licensed to conduct business in the State of Florida (a "Title=Company") agreeing to issue the Title Policy to Buyer upon payment of the Purchase Price and recording of the Deed and execution and/or recording of other closing documents. 1.14 Title Insurance Policy in the Buyer's title to Exceptions. Policy. An the amount of the Property, ALTA Form B Owner's Title the Purchase Price, insuring subject only to the Permitted 2. Grant of Option for Purchase. 2.1 Grant of Option. For good and valuable consideration, Seller hereby grants to Buyer and Buyer hereby accepts from Seller an option to purchase and acquire the Property from Seller on the terms and conditions hereinafter set forth (the "Option") such that the payment of the Purchase Price shall be as set forth in Section 3.