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A.^.RES}fE\'T 'r 0~ D~~ti~ ~
. 151
~'~i2TZCL;S QF .~G~F~1fSUT,made this 24th, day of September~ in the ~
year of our Lord One Thousand 1.'ine H ndred and Sixty Six~Ret-
xeen Kelly Construction Co~rtpany.~a F~orida Corpor~~tien~party of
the first p~rt~and 1l.P.~att~e ~nd S.1.. Battle~his xife of 240F
Ho2ida y C~urt~~ort PiercQiFlorida~party of the Sscnnd part.
i~IT4~;SSETH:T~iat of the said party af tl~a second part sha21 first
make the ~ayments and per:nrm the covenants hereinafter mentioned
on their part to be made and nerfor:ned ~the said party af the first
part hereby covenants and agrees to convey and assure the said
party of thc second part~ the3r heirs~executors~adainstrstor8 or
~ssigns ~in fee simj~le. C1ear of alI encumberances Whatever~ex-
cept as hereinafter set out~by a goad and saff icient Narr~r_ty deed~
- the ~.ot~piece or parcel of land situ~te in the County of St.Lucie~
Florida~ known and c:escribed as f olloxs~to-vitt
Lot 6~$lock 4~~SCOND ADDITION~ 08ANGS BLOSSOH SSTATES~as per p2at
thereof~on file in plat book l4~ page 2~ of the public rec~~•ds of ~
St.Lucie~County Florida•
Subject to all restrictions~r~servat.ion~~easements~and protective
covenants of record.
And the said ~arty of the Second part hereby covenants and agrees
- to pay to the saicl party of the first part the sum of TNSrTTY THOUSAA'D
FIQE HLh~3RED DOLLA$S ArTD NO/100 Dollars (~20~500.00) in the manner
fo?IoWingi
(a) ~?~'E TNODSA~D DOLLAAS ($1~000.04) upon t?:e exec~ition ef this
~ agreement for Deed~tf±e recei~+t of xhich is hereby acknoHled~ed;and~
(B) One Hundred Thirty Five Dollars (~135.04) per month beginning
on the 26th.day of September 196&~and continuing to and until the
~Eth. of Septemher 1971; and~
(C) ~ontr.Zy nayrtents~ as ~-ereinaBbve ~et out in (B)shall include
nri.ncipal and interest on the u~paid halanr.e at th~ rate of
uer-annum. ~ach insta].lment shall firsfi be applied in nayment of
in:er~st and then on the unpaid balance of the principal, s wa. A
neiia2ty of 5~ till apply .on payments af+er 5 days due.
IT IS COVSI~`A~;TED~ ~1GRE~'D AND tI~DERSTOC~D~ as part of the con•.
sidsration hereof~ as follo~rs:
1. That there is existing a first mortSage to First ~ederal
Savings R~ Loan Association of Ft.Pierce~Florid~ with a balance ef
appro~ima±ely ~16~~00.00 ~s the same is recorded in the St.Lr.cie
County~ Florida public records.
2. Th~t the party of the first part sha11 contintie to make all of
the monthly payment"s of principal and interest which n:~S• bscome aue
and payahle ~inder the said r~ort~~ge ~3eed and that the party of the
second part sra21 not ass~~e the said ~nortaoe deed under this agreement
f or deeQs Provided ~ho~ever~ that the party of the second part here-
by reserres the right t~ ~t any time bef ore Sep#e~ber 2Gth~].971~to
. pay to the party of the first ~2rt ±he cPSh c~ifference betNeen the
exis±ing mo~tgage ~fle b3?ance d~ie anu oHing under this agreement
f or Deed.Upon nayment of the af oresaid c~sh difference~ the narty
' of the secen~ part~shxll be entitled to receive a ifarrant~ deed
froW the party of the first F,art~ ~+hich sair~ Narrant~? deed shall ~
contain a standard norto~ge ~ssumption clause xhereby the Party of
the second part assumes the e~cisting balance under the sai.d ~ortgage.
The garty? of the second ~art shall also have f~il'! i•i~ht of pre-
rag[aent i~n Whole or in part subject on2v to ~ny conditions as mz~y
be s~ t out in the sai.~. mortgage deed.
3.In the ~:~~t ±;fat it shoul~ become necessary to institute 1ega1
proceedings to forecZose ar otherwic~e enf orce this contract~ the
p~.rty of ±he second part hereby ~~rees to nay all costs of such
action~including a reasonable attorney~s fee. • ~
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