HomeMy WebLinkAboutAgreement_General_12/30/1968_ ESCROW AGREEMENT
THIS AGREEMENT, made and entered into between THOMAS
HAYDN SIMMONS and HELEN LOUISE SIMMONS, his wife, whose post-
office address is 3654 N. E. Second Street, Boynton Beach, Florida
33435 (hereinafter referred to as "Simmons") , and THE VILLAGE OF
TEQUESTA, FLORIDA, a municipal corporation under the laws of the
State of Florida, whose post-office address is Post Office Box
• 638, Jupiter, Florida 33458 (hereinafter referred to as "the
Village") , and FIRST BANK OF JUPITER-TEQUESTA, a Florida banking
corporation organized and existing under the laws of the State of
Florida, whose post-office address is Drawer 1486, Jupiter,
Florida 33458 (hereinafter referred to as "Escrow Agent") .
WITNESSET H:
WHEREAS , Simmons have entered into a Purchase and
Option Agreement with the Village for a parcel of land in the
Northwest Quarter of the Northwest Quarter of Section 30, Township
40 South, Range 43 East, comprising thirty-four and one-quarter
(34.25) acres in accordance with that certain sketch attached hereto
prepared by Brockway, Owen and Anderson and numbered TMA-2695; and
WHEREAS , in accordance with said Purchase and Option
Agreement, Simmons have agreed to deposit with the Escrow Agent
certain warranty deeds properly executed in accordance with the
laws of the State of Florida; and
WHEREAS, the Escrow Agent has agreed to and does by these
presents consent to act as Escrow Agent in accordance with said
Purchase and Option Agreement which is attached to this Escrow
Agreement,and made a part hereof.
NOW, THEREFORE, in consideration of Lhe mutual covenants
reciprocally acknowledged and herein contained, it is herein agreed
as follows:
1. The Escrow Agent acknowledges receipt from Simmons
of the four warranty deeds covering Plots E, D, C and B referred
to in the Agreement annexed hereto.
2. Each of the deeds hereby received have slips attached
thereto initialed. by Simmons and the Village identifying the parcels
of land referred to in said Agreement.
3. That upon receipt by the Escrow Agent of the moneys
and obligations as set forth in paragraph 5 of the Agreement
attached hereto upon the deeds set forth therein, the Escrow Agent
will deliver to the Village the warranty deed for the plot set
forth.
4. Ten days prior to the making of each payment, the
Village shall notify the Escrow Agent and Simmons of its election
to make such payment and shall at that time order title insurance
in accordance with the Agreement attached hereto for the plot to -
be conveyed. Upon delivery of the money and obligation as pro=
vided in the attached Agreement, the Escrow Agent will forthwith
pay from the cash funds delivered the amount necessary to pay for
the title insurance and the documentary stamps to be affixed to the
warranty deed which is delivered. The balance of the funds and
the obligation less any expenses of the Escrow Agent shall be
deposited to the account of Simmons .
5. In the event the Village fails to exercise any of the
options contained in said Agreement on or before the dates set
forth, then the Escrow Agent shall so notify Simmons and the
Village and forthwith return the escrowed papers to Simmons.
6. Both Simmons and the Village agree to indemnify
and hold the Escrow Agent harmless from any liability as a result
of this Agreement and in the event the Escrow Agent becomes in-
volved in litigation as a result of this Agreement, to pay a
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reasonable fee for such Escrow Agent' s attorneys.
IN WITNESS WHEREOF, THOMAS HAYDN SIMMONS and HELEN
LOUISE SIMMONS , his wife, have hereunto set their hands and
seals, and THE VILLAGE OF TEQUESTA, FLORIDA and FIRST BANK OF
JUPITER-TEQUESTA have caused this Agreement to be signed and
sealed in their respective names by their duly authorized officers
all on this 36 ®%---day of December, 1968.
Signed, sealed and delivered
in the presence of:
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T o a`s i aydn Si ons
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i ! /'��� Helen Louise Simmons
As to Simmons
THE VILLAGE OF TEQUESTA, FLORIDA
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r Robert Sylvester, Mayor
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As to the Village Attes
obert Harp, Vil age Clerk
FIRST BANK OF JUPITER-TEQUESTA
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`� President
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A to Escrow Agent Attes - �•_
Secretdry
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