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HomeMy WebLinkAbout2317 \, f~ .... ~ . -, f;Q 2'4\ ~ . ~, ~ \ '---.' I.", ~ ..J... !1.1~;,') . n..... .. .J ._.,"~' '~'. . ,;~:f C I ~:!. ': ,\, ~ CONTRACT OF SALE KNOW ALL MEN BY THESE PRESENTS, Tha t L. L. HO'l'SENP ~LLER and LUELLA G. HOTSENPILLER, his wife, of Lan10nt Road, Fort Pierce, Florida, first parties, and INLAND FRUIT CO., a Florida corporation, with its principal office and place of business at P. O. Box 341, Leesburg, Florida; second party, WITNESSETH, That for and in consideration of the sum of One Dollar ($1.00) and other valuable considerations in hand paid by each of the parties to the other, receipt whereof is hereby acknowledged, and also in consideration of the mutual covenants, rights and obligations herein, have contracted and agreed as follows: 1. The first parties do hereby sell to the second party and the second party does hereby purchase from the first parties the following described property located in St. Lucie County, Florida, more particularly described as follows: The North 1/2 of the East 1/4 of the East 1/2 of the Northwest i/4 of Section 12, Township 35 South, Range 39 East, St. Lucie County, Florida; together with packing house, with the following equipment in said packing house; soap tank, washer, dryer, stamper, grading table, benches and cabinets, and associated motors with the above; one Ford tractor with mowing attachments; irrigation pipe; and electric range, electric refrigerator and deep freezer. 2. The total purchase price for the above described property is One Hundred Thirty Thousand Dollars ($130,000.00), payable as follows: (a) $15,000.00 at the time of, or before, the completion and delivery of this Contract of Sale; (b) $15,000.00 on or before December 1, 1963, together with accrued interest at the rate of siA percent (6%) per annum on the unpaid principal balance; (c) $100,000.00 payable in five (5) equal annual installments of $20,000.00, beginning April 1, 1964, together with accrued interest at the rate of 6% per annum on the unpaid principal balance. 1