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' AGREEMENT FOR DEBD -1485~5
THIS AGRETMENT made and entered into this April 30, 1966,
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_.a) ~n by and between FLOYD WELCH and EVELYN MAE WELCH, his wife, here-
~ 1 inafter referred to as Vendors, and BILI,Y DAVID CHAIINC~Y and
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STELI,A J. CHAUNCEY, hereafter referred to as Purcheaers.
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,,~li~~,''~~I) WITNSSSTsTH:
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~o That in consideration of the mutual promiaes and covenants
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.)ollununi~s contained in this Agreement and other valuable considerationa
~~1Nt10~ Pasaing between the parties to it, the Vendors agree to sell and
~+~t11'1S the Purchasers agree to buy the following described property
situate, lying and being in St. Lucie County, Florida:
The Weat 40.84 feet of Zot 15 and the
East 19•16 feet of Lot 16, Block 2,
FRANBLIN PARK ADDITION, as recorded in
Plat Book 6, at Page 56, of the Public
records of St. I,ucie County, Florida.
The total purchase price of the property shallbe tbe aum
of EIGHT THOIISAND SEVEN HIINDRED DOZI,ARS 8,700.00) payable
in the following manner:
=400.00 paid on or before tbe eigning of this Agreement,
receipt of which is hereby acknowledged.
The balance of 38,300.00 to bear interest at the rate of
6.6qb per annum and to be payable at the rate of =65•7? monthly,
beginning May 14, 1966, and on the 14th day of each and every
calendar month thereafter until the sum is paid in full. Each
of the payments shall be credited first to interest and the
balance to principal, and prepayment ahall be permitted at any
time and from time to time without penalty.
It is understood and agreed between the parties that when
the principal aum has been paid in full, the Vendors shall de-
liver to the Purchasers a title inaurance commitment or abstract
ahowing the title to the property above described to be good ~
and marketable.
The Purchasers shall be permitted to go into possession
of the property covered by thia Agreement on the date of its
egecution, and sball asaume all liability for insurance, taxes ~
and ma.intenance from and after that date. The Purchasers agree
to maintain the exterior and interior of all building$ in good
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