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ARTICLES OF AGREEMENT 1~~(15iEi
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Made this day of November, Z965, BETWEEN
EVERETT GLEASON and FLORENCE GLEASON, his wife, parties of the firsC
part; and FRED A. BR04K~ ~nd JUANITA V. BROUKS, his wife, parties of
the s ec ond part , ..5~~ S .d• , ~t.~.L~ ~ ~.~c.~,.t,;.. ~
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W i T iV E S S E T H, That if the said parries of rhe
seccmd part sha11 first make the payments and perfornz the covenants
hereinafter m~ntioned on their part ~o be made and perfonned, the
said parties of the first part hereby covenant and agree to conv~y
and assure ro the said parties o~ the second ~art, their heirs,
executors, administrators or assigns, in fee simple, clear o£ aI1
encumbrances whatever, by a good and sufficient deed, the Iot, piece
or parcel of 1and, situated in the County of St. Lueie, State of
Florida, knawn and described as follows, ~o-wit:
The East 277.6 feet of the West 307.6 feet of
the l~orth 150 feeC of Lot 9, J. I. I~LL~i' S
SUBDiVISION according to the plat rhereof
recorded in Plat Book 3, pag~ 85 of ~he public
records of St. Lucie Coun~y, Florida,
and the said parties of the second part hereby cavenant and agree to
pay to the said par~ies of the £irst part the s~n o~ EIGHT THOUSAND
FTVE HUNDRED DOLLARS ($8,500.00) in the follawing manner:
SECIEN HUNDRED FIFTY DOLLARS ($750,00) cash on the execution af this
agreement, the receipt of which is hereby acknc~wledged, and the
balance of SEVEN THOUSAND SEVEN HUI~I?REb FIFTY ($7,750.00) DOLLARS
wi~h interest from date at the rate of six per cent per annum, in
monthly ins~allment~ as follows: $60.00 on ~he day of
December, 1965, and a Iike sum on the corresponding day of each like
succeeding period therea~ter unril the whole be fully paid. Each
installment firs~ sha11 be app~ied in payment of the interest and
then an the unpaid ba~.ance of the principal sum.
It is agreed by the parties of the first part that after
$2,OOOo00 has been paid on the principal, tlle parties of the first
part shall. convey the subject }Qroper~y by Warran~y Deed and shall
take back a promissory note seeured by a gurchase rnoney first mort-
gage on ~Y;e subject property, with prepayment without penalty al~.owed.
Par~ie~ of rhe second part agree to pay all taxes,
assessments or iinpositi.ons rhat may be 1ega11y levied or imposed
upon said iand subsequent ~o the year 1.965, and ~o keep the buildings
updn said premises insured in some company satisfactory to Che par-
ti~s of the first part, and payab].e for the par~ies, respectively as
thei.r interests may appear, in stinn not less than Seven Thousand
Bt~~K 1J1 ~c~~