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t•C.-~ - v DOCUtdENTAp STAMP TAX
~y UEPU7Y CLERK ~ h- _ `
' _ DEC21'65' -r~" +
C0. NTRAC'~[' F~O~ ~ ~ c°~ ~ ~ 7~ O~ i
V) COMPTROII£R ^ T -
P{~.190138
KNI~ ALL b~N BY THF,~E PRESENTS, That
GRACE g. H4LA~S, a widoR, of 507 Texae Court, Fort :~ierce, Flarida, first
~arty, atid ~'I'H?TR SLOAN and T~iEL3~ G. SLOA,Y, hu$band and wife, of 202 S. 23rd
5trcet, Fort Pierce, Flar~da, second p~r~ies
~ I'i'1~TFSSETHa
For and in considcration af the scim of One ~ollar ($1.00) and ot~ier valu-
able consideratior~s, in hand ~aid by each of the parties to the other, receipt
wh~reof is hereby acknovrledged, and also in consideration of t~e mutual covenants, ~
rights ~.nd obligatians hercin, hmve cantracted and agreed as followss j
1. The first party does hereby aell to the second parties, and the sccond ~
parties do hereby purch~se from the first party, the real estatc located in St.
Lucie County, F'lorida, and more particula~cly described as foll~wsc
Lot 9, Block "A", of WF~T END ADDITION to the City of
Fort Pierce, Florida, according to the Plat thereof
recorded in P1at Book 2~ at page 5~ of the Public Rec-
ords of St. Lucie County~ ~'lorida.
2. '"he tntal purchase price of abo~re real property is =5,040.0~, of xr~ich
~+200.00 has been paid by the second parties to the first party, recPi~pt wher~of
is hereby acknowledged; and the remainder of ~4,800.00 is due and payable in monthly
prir.cipal and interest p~ymente of $42.50 each on thc 20th day of each raonth here-
after u.ntil f~lly paid, begin~irig Sgnuary 20, 1966 ~~a3,t{ monthly pa~y~ents shall s
be applied first to intereat and then on princigal; said unpaid principal balances
from time to time sha11 bear int~rest after Jecember ?_0, 3~?65 ~.t the rate of 6.6~
per annum, interest payable monthly.
; 3• Tha first party has ~aid md v~,lorem taxes trirou~ 1g~5, and the seoond ~
E parties wi11 pay, before delinquency, taxe$ thereon after 1g65. ~
4. The 9t?COYIC~ parties ~ri31 carry end pa`y for fire and exter.3ed coverage !
insurance on the bu~ldings an said real estate under purchaee in the amoux~t of
~4,000.00; a.nd in case of th~ fai2ure of the second parties to keep, c arry and p~r
fos~ such insuranee, the first party shall have the option, but not the requirement,
of p~yin~ for such insurance, and ar~y amount so paid ahall be added to the d~bt of
said Contract, and shall bear interest at the ~ate of 6.6J per annum from t;ae date ;
o£ such payment, or paytnents. ~
F
5. The second parties shall have the privilege of psying any additional ~
a~o~int on ar~y monthly ga,yment date, or dates, and of pr~paying the entire balance #
at any time, a,ll without char~e or p~nalt~ for prepay~ent.
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6. It is agreed by the partiea hereto that i~' the second parties have made
the paymsnts and perfor~?ed the covena.nts on their part herein provi.ded to be made
and perfox~cd, and if tha principal snd interest has been paid in full as herein
above agzee3, the first party covenants and agrees to corroey a goad and sufficient
title, by ~Varranty Iked, with necesssry Documentary St~mps affixed, to the subject
proper~y to the second parties, their heirs and sasigns, fx°ee and cleax af all 3iens
snd encumbrancea, excegt r~s to tases after ~965, and eacept as ta such liea~s or en-
c~ambran~es as may come into existenca ~erea~ter thro~2-i no fault of the first party,
and e~ccept as to such liens and~or encumbrances as the second partiee m~y have imposed
or permitted to be impos~~ on eaid title.
7. In case of the failure of the secand parties~ their hefrs Pnd assigns~ to
make either of the payments, or ar~ part ther~of, or to gerform at~y of the oovenant$
on their past hereby made and entcred into, ~nd suah ~ailur~ or default snall contin-
ue for a period of more than thirty-one (~1) days, t~is Contraot ,shall, at the option
Pa.ge One ~
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