HomeMy WebLinkAbout2867 ~ ~
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' Seller covenant• and agree• to pay the indebtedneas . ~
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ow~ed by eeller to O. L. Peacock+ Mildred Vare Peacock, 2~is wife,
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O. L. Peacock, Jr.: and Ida Mae Peacock ~hereinafter collectively '
refarred to ae "Peacock"~, and to secure the release and satis- . ,
faction of that certain nwrtgage made and executed by and~ betw~een ;
~ ~ seller and•Peacock secured by said lands. Said release and ;
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satisfaction~ehall be obtained by seller on or before August 13, .
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1964. . . ~
' 3. SBCOND MORT~3AGS. The second mortgage shall beiin
. the.fo~cm in common use in St. Lucie County, Florida. ~
4. ABSTRACT3 OF T=TLS. Seller ehall deliver~to buyer
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~ or hie attorney a comQlete abetract bf title to all~af eaid lands, '
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certified froaa the earliest,pnxi~ic records to the approximate ~ ~
- ~ date hereof within forty-five ~45j days from the date hereof.
5. TiTLE AI~ID. CLOSIl~ DATE. In the ~ event that the title ~
to said lande ahall be found to be good and marketable, eubject
. only to taxee for the year 1963~ and eubject to that certain mo=t-
gage executed by and betw~een Blue Qoose arow~erR, Inc.l ae mortqagor,
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~ and Peacoek, as mortgaqee, the buyer shall deliver the note and- ~
, eecond mortqage hereinabove referred to~ and do all other thinqa -
neceBeary to cloae the sale herein provided, on or before March l, -
~ 1964. -
~ In the event that title to eaid landa shall be found to
' be not good and marketable and aubject only to the taxes for 1963, ~
and the mortgage hereinabove referred to, the seller shall use
~ reaeonable diligence in curing the defecte in the title an~d shall
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have a~reaeonable time within which to do'so. In the event that
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seller shall cure such defecte as may appear in the title within a
teaeonable time, then this eale ahall be clcsed within fifteen ~15~
days thereafter. In the event seller shall fail ta cure the defects
- ~in the tftle within a reasonable time, then it~'er~ll refund to the
buyer all awae paid by buyer, ana thereafter tltis aqreement ehall
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_ . . _ 2 - ~~~i ~7 ~u~~46~
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