HomeMy WebLinkAbout1112
-5-
--........;l#-"t~,
ii.~i 30 tAU 417
q. \l'f!f c:nnT. fl~.
A. The ca.ah 8um of $33, 576.00, a. may b~
adjutStMJ hy closing prorat1QO.8, of which the $10.000.00
~
Binder sum hereinabove acknowle-dged is a part.
B. $54,000,00 by the assumption and agree"
me-nt to pay the rnortgage debt du~ J ~n J. Kearney
deacrlbed with mor~ particularity Of) page 1 hereof.
C. PrQmiS80ry note of BUYi'r in the amount
of $46, 700.00, payftble to Owner at a bank 1n Nashville,
TcnneHfH'e, to be de!:J1gMted by Owner, beal'lng 1nten~st
at the rate of 8i~ pf'l" cent (6'-) pel' annum, 1J1terf'st
payable Benu-annually; the Raid principal Bum bt:!ing
payabie in live (E.) uucceaaive, annual inBt<<llmentB be-
ginning one (1) yenr after datt' thereof a8 tolll1wtJ:
$2.140.00 -- one year after date;
$2,140.00 -- two years after date;
$2, 140.00 -- three y('urB aft('r date,
$20,140.00
rour yea Ta afte r date;
$20, 140.00
five years att(~T date';
which said promlBBor'y r~ot(' fIlay be prt'payable in whol{'
01" in part on any annual installment date without penalty.
14. The prQrnlBsory nott~ evidencing the deferred portion of
the ptlI'chaBc price as described in >>ub-pal'\~grHph C of Paragraph 13,
Bupra, shall be fiecul't'd by the purchatJc rnoney niOrtgage of Huyer to
Owner, which mortg€lge shall hf' in the form customarily uur.d in real ~6~
tatt' trRnHfilctiona in St. Lucit' County. Florida, and shall further contain
It provlutcm that 00 long as Buyer 18 not in default under the tennil ami