HomeMy WebLinkAbout1308
ROYCII: R. LEWI8
ATTOltHKV AY LA"
5')""'.. TH....T1l1l ...-.
"on f'l1l1lC.. "..0.._
G.:,
9n: ~
t)
~); 1 ~\
q '.(^T Cil'~-:-Y. fL 6.
ARTICLES OF AGREEtv:ENT
T~-{l S
l1.11/) 1 /J
and DORIS M.
, #;)..
AGR~EMENT mAde and ent~red into this.~ day of
_, 1961, by and between liJl...AKD L. APPSRSON
APPERSON, his wife, hereinafter called the p~rt!es
of the first part, and WILLIE LEE KING a~d ViRA PAE KING, his wif1,.
I
hereinafter called the partips of the second part,
WIT N E SSE T H:
TH~T if the said parties of thp. second part shall first
!i make the payments and perform the covenant s hereinafter mentioned
I
on their part to be ITBde C\nd performp.d, the said parties of the
I first Dart hereby covenant and agree to convey and as<;a,e to thE'
I said p~rties of the sec)nd part and their heirs, executors,
I;
'I administrators, or a'3signs, in fee sirr,ple, by a good and s'..1fficicnt
I
deed. the following described property, tog~ther with all improve-
ments thereon ly~ng, being and situate in St. Lucie County,
II
Ii Florida, to-wit:
I,
d
:1
;1
II
I,
'I
I,
II And the parties of the second part hereby covenant and agree
I,
Ii to pay to the said parties of the" first part, as consideration
d I
i; therefor. the sum of NINE THOU5A~ TWO HUNDRED FIFTY AND NO/lOOths
I
I ($9,2$0.00) DOLLAqS in the manner follo.....ing:
II
Ii
Ii
I!
II
The S~uth 24.0 fee t of Lot 3,
the North 54.0 feet of Lot 4,
1, of BLAKELY SUBDIVISION, as
plat there~f recorded in Plat
Page 50 of tl1 e Pub 1 ic Recor d s
st. Lucie County, Florida.
and
Slock
per
RClOk
of
10,
$)00.00 Closing Costs, the r~cei~t whereof is
hereby ackno.....l edged, :?m the sa i d sum of
$9,250.00 to be paid in monthly installments
of $79.00 on the ~ day of L1 PIC. il.. ,
1961 and $19.00 "n the Z8day of each and
every succeeding month-tne~eafter, until the
whole sum named, plus interest, has been paia
in full. Each monthly payment shall be ap?lied
ffr3t on interest and then on the unpaid princi-
pal balance; with interest from the date hereof
at the rate of Seven end a Half percent (1.5%)
per annum on the unpaid balance. Two or more
payments may be made at any time by the party
of the second part on any installnent due date.
It 1s understood that of each monthly payment.
the sum of $2.57 is being applied to insurance
on said property, the annu~l premium of ~hich
is estimated to be $30.87. The parties of
the first part agr~e to maintain ~uch insurar.ce
in full force and effect throughout the life
of this ~reement. Should subsequent annual
insuranc~ premiums be increased or reduced,
the monthly payment shall be adjusted accoI-d-
ingly.