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HomeMy WebLinkAbout1389 ,. '. 'b~x' . 14 'PA'E ~ . ,T :'luOl C~TT. rLA ~Tlg.ES Or ~ nus AORE!MEft _de and entered Into thh tJ..day ot July 1961, by and betveen HOWARI? L. APPERSON, anet DaU S M. APPERSC*, his vite, blrelnartet" called the parties ot the tlrst. part, and JOSEPH GANDY, JR. and HATI'IE l..00ISE MJI)Y, hi s wi te, h.reinatt.er called t.he part.le. or t.he .econd part, ..-- WIT N E SSE T H: That it the said part....es ot t.he second pert .hall first. - " mak. t.he pa}'lllentJ. and perform the co v.nants he relnatt.r mentioned on their part. to be ..de and 'performed, the said parties of the tl r.t part. hereby covenant aJXt agr.. to convey and assure to the said part.les of the second part, in t.he estate aforesaid, and th.lr heirs, executor., admlnl.t.rat.ors,' or assigns, In tee simple by a good and-su~flclent deed, the tollowlng described propert.y, toget.her with all' Improvements thereon lying, being and situate in St.. Lucie Count.y, Florida, to-wit.: The South 12.0 feet of Lot 8, all of Lot 9, and the North 6.0 feet ot Lot 10; of Block 1, BlAKELY SUBDIVlSIOO, as per plat thereot recorded In Plat Book 10, Page SO, of the Public Record. ot st. Lucie C~unty, Florida. And the partie. of the second part hereby covenant and agree to pay to the said partle~ of ti~ first part, as consideration there for, the swn of 'NINE mOUSAH:> TWO hv~roRED FiFTY AND NO/1OO I ($9,250.00) DOL~S in the manner following: I $400'.00' downpayment, the receipt whereof h her.by acknowledged, and the then unpaid balance ot $8,850.00 to be paid in monthly installment. ot $107.00 the 25t.h day ot August., 1961 and $107.00 on the 25th, day of each succeeding Month thereatt.r until tour such paYMents have been ..de. Th.reatter there shall b. paid $82.00 on the 25th day of each succeeding month unt.ll the whole sum. named, plus Interest has been paid In tull. Each mont.hly payment shall be applied first. on interest and then on the unpaid principal balance; with Interest fro. the date hereof at the rate of S.ven and a Half Percent (1.5~) per annum on the unpaid balance. Two or more payments nay be made at any time by the, parti.s of the second part on any in- stallment due dat.. It. is understood that of each .ont.hly peya.nt, the sum ot $2.57 i. being applied .t~ insurance on said property, the annual pr..lwa of which is estimated to be $30.81. Th. partie. of the first part agr.e to maintain such insurance in full fore. and effect throughout the lif. of thl. Agr....nt. ,Should subsequent. annual insurance pre.lu.. be increased or.r.duced, the monthly pa~nt.s hereund.r shall be adjusted accordingly. ROYCE .., LEWIS ATTORNill' AT LAW .u...... T.....T.. .L~. J'o.T ~......, J'LO.;""