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c:all~ the purchaser, ~ applies to GENERAL m:vn.OPMENT OOfllORA'nON, e:: Delaware OOlpOIatioo authat-
bed to traneact buair_ in Florida. itl""auv I _ aDd ailaigna. b.em caUecllhe SubdlYid.. to ~ for a
purcbcae pice of s.L ?"A. ,Ya I u::tr.:''' - ~;2.J I BL<::>cr' ~ 7 I PORT ST. LuaE SUBDMSlON,
according to the p~, a copy of the IICIid plat having bel'8tofore been filed with the Board 01 County Cnnnni.monera
of Sl Lucie County, Florida. and subject to the t&rma. CXDdi~ and ~ta of tbia appIicaticn 'nle pc:ryment of
. -:2 A, ~ A upon the slgnJn9 of thfI appII<XItlm by the pl.IJ'ChoNr (U by, chect, then "'payment" means thorn
will be deemed payment if the check is paid p-omptly upoo presentation to the drawee bank) will. if the Subdivider
ac:x:epts this application by aigning theee preeents, be ala become em ~ mcoey depoeit upon the purchase
pice of eaid JlI'OPJ'I'l1, . The entire ~ pice mall bs ~ ell toUows: ,
STATI OF flORIDA )
. )
COUNTY ~ IlAO! ).
Purcha8e Price - . ,.{ ~!'LJ ~ 0" ;,
Cash Deposit (Above Referred to) _. . ~ O. (/ t) 1
and Balance of Principal ,
in the Amount of ._._..____- - Sf 9.741: Q tf) ;,
I ........" ("..tlfy 'bet on this ....y. boo''''. m.. . ........v """"" duh'
. .ut-.ct III th. st_" .~1 "DU~I' _. M~. I') to> ' t." ""kn~""""'h.
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tl" ,..,,. ",~n 9(10 "'" .". ~~1Jft 1",,"''''#~ ~~ ''''_ A~"t ...., ~..~.....,.' ~..Iop-
: ".~t Ctll,'("''''H.n '.1 III 1 'N~.. t:"f''':'':'.'~ ~- . I,. -,"'.Il=l' ro.,t....".. ~4". end
.t...n....'.....llfEr. ,""'r. p'" 11".r t~.A' ~'\o, ~II' ("11,..11 t"~ twea,,"nt ."Oot..-8et
. '01 SAI. In th. f1~,"~ L.f an J !nt t:..t (.()f'potehoo: .....At ,~ ~u.ct) Aaent ,....t
~.,..,. ,.. ttu~ e,.:h()f.z~.j ~v 'h.t cOt'Oo(.,.tton '0 do SO. .I'~ th.t the torecoenll'
contrl:<l to. ~..stc 15 t".- kt antJ r.....'tt.', of th.t co.C,'~.'tnn.
Wlt""~ my "_n,f ."d "W,:'.I suI In th.. ~;~ r'f'~~~.-~ed
.1>0...1"1$ :;J(:. <lay at''''~",!,~'''.'''-I,%
\ ..7 .~? .;.-,t ff ~"'"
$ ~d. 00 each. commencing one n.onth horn the date No.. ~~..J.j ,,/..;. .
of acceptance by GENERAL DEVELOPMENT CORPORA- ,,"y ,~ ~ 1961 /j '.;.... <:.,
TION, as shown on the'reverse sido hereof, and continuing lilt......" ~ ' '~~ (j')'~
monthly thereafter until the principal cmd interest have been paid in full The tmpaid balani- ~ . 'time td~ E
on 1m. ronlmct ,hall baa, in I."", at tho ml. 01 51. "'" annum. rompoted &om and all... .. 3 !
each monthly payment shall be applied lirst to interest computed as aforesaid on the ' . . ond UN . , $
principal ~lcmce and olterward to .p~cipal. This pro~sio~ i3 subject to the accelerotion pdt,.i!'Ii', ..-~ ~ ' " ...
contcnned 11 the purchaser defaults m the performance of this contract.~~,,!":';:-..J~~'
The use of said lot is restricted in accordcmce with the restrictive covenants on the reverse side.hereof,' and
the land hereby appli~ for shall be so!~ and conveyed subject to them. '.
If and when the purchaser, without being in default hereunder, effects payment of the final installment of the
unpaid balance, then the Subdivider will deliver to the pmchoser (] certificato of title insurant:e issued by a title
insurance company doing business (JS such in St. I.ucie County. Florida, which certificate of title insurance will show
that the title 03 ccnveyCd or as then about to be conveyed by the S!tbdivider to the purchaser. is good, marketable
or insurable; but nothing herein contained r:holl be constmcd <l3 constituting tho Subdivider in delault hereunder
if the title insurance certificate!:hows daims C1ri.<ring by the action or omission of tho purchaser. as distinguished
trom the Subdivider. Delivery of notice the Subdivider dr-sires to make or give pursuant to the terms hereof may
be effected or given by personal delivery or by mail. addressed to the purcballer at the addreee hereinabove indi-
cated ()IS such. .
Upon the payment. through the normal and regular payments required he'reinabcmt without anticipation or pre-
payment, of all of the monthly payments required by tho purchaser to complete the payment of the entire purchase
price of the lot(s) , Subdivider will execute and deliver a ymrrcmty defXt tree and clear of all encumbrances end
liens. excepting restrictions appearing on the f('vente clde of this agreement and any relevant zoning ordinances
and taxes for the year in which such deed is delivered, if' the said toxes chall not then be due and payable for
such year; cmd the Subdivider will. also at thClt time, have completed the paving of the street in front of the 10t(8)
-:md also the side street abuttinq the lot(5) if tho came in (l COITK'I' lot. Said deed shall bE:- prepared at the expense
of the Subdivider. The required documentory r:tampR shaH be piaoed un the deed by the Subdivider. If after use
of reasonable diligence to make title insurable. Subdividl'.J' i... ,lInable to do so, Subdivider may return to purchaser
all moneys paid under this contract and themupon ':0011. be relP-aSed from any and all obligations hereunder,
including broker's commission. Though the preceding provision... of thi.'J pmagroph confer upon the purchaser no
privilege of prepaying the unpaid balances in advcmoe of their respective maturity dates, the Subdivider grants unto
tha purchaser the riqht to prepay the Impaid balrmce8 duo tmder thi.s contract. in whole or in part. but with the
understanding and agreement that the Subdivider will not he J'(!quircd to deliyer unto the purchaser the certificate of
title insurance and worranty deed hereinabove provided for rmd complete the paving of the street. as hereinabove
provided for. until (] dote which wouid he thn day upon which throuqh the nonnal and regular payments required
!o hP. made under this rontroct without ontkipation or prepayment of 011 of the monthly payments required by the
purchaser to complete the payment of tho entire V:r~ price of the lot(8).
The Subdivider may accept or rejed this applih'rtion without explanation. If this application is rejected. or if
the Subdivider has not accepted this opplicrrtion to pur....hose. within thirty (30) days from the date hereof. the deposit
shall be returned to the purchC'MP.r rmd both parties r.hall be rnlcased from on obligations hereunder. and no sales
commission shall hClVIl heen earned by, or hr. PClvnnle to, fUW rt!O! Mfote broker or aqent in connection with this
~ansaction, If the Subdivider o.~epts this opp!irrrtion with;n thirty (30) dayS from the' drop. hereof (acceptance to
!:>e evidenced. as aforelnid, by (he mQt\<:rtuM by tM f)lIhdivid~r of a conntE"rpart hereof), then the within application
sholl be deeme-::l immediotely trcmsformed into ml O(freement or land contract wherein the Sllbdivio;-r is the vendor
'lJld the parchaser is the vendee: rmd 011 of the other f!llmrrmt references herein Contained to "this application"
or to "this agreement" shall thenceforth be deemed to mean this land contract.of sale and purchase.
If the purchaser shall fail to observe or complv with any o! the terms of this aqreement on the part of the
~urchaser to be kept and performed within Rirtv (1)0) rlf1Y!' niter the f)llbdivider !;hall have given the purchaser
written notice, then and in that event aU payment8 theretofore made by the purc:hc::.er ahall be retained by the
shall be payable in equal monthly installments of