HomeMy WebLinkAbout2919 ' ~ ~ ~
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shall be due ami payable on the 18th day of
, December, 1966 and subsequent payme nts shall !
f; be due on the same day of each succa~adirg month ,
therea?fter until the whole sum name~i, plus interest, ~
~ has been paid in full. Each such monthly payment ~
shall be applied first to interest and.then to r
f( ~the ungaid principal balance, with interest from f
the date hereof at the xate of Seven Percent (79~) ; ~
f' per annum on the unpaid balance. 1~ro or more pay- '
~f _ ments may be made at any time by the parties of ;
~i the second part on any instal1ment due date. It
is recognized and agreed that there is an existing
first mogtgaQe upon the above described property
to Fir'st Federal Savings & Loan Association of
I Martin County: The monthly payments made hereunder
} of $88.00 shall be credited as follows: The sum of
~ $78.00 shall be applied towaard said fixst mortgage
and the sum of $10.00 shall be applied towaYd the ~
agreed equity had by f irst pazties of $2, 300.00
, witr such $10.00 payment being applied first to ;
~ interest on said $2,300.00 (at 796 per annum) arid
~ then toward such principal sum of $2,300.00.
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~J And the parties of the second part further covenant and ~
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agree as f ollows ;
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~ l. To pay all t,a~ces, assessments~ or impositions that
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I may be legally levied or imposed upon said land subsequent to the
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31 st day of December , 1966 .
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i~ 2. To maintain in a state~of good repair the building ~
~i situate on the above described property and to suffex no waste '
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f~ or impairment of the sa?me , reasonable wear and tear of the same ~
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t! only excepted.
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3. To allow no liens to be placed on the above described
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.=t property for materials furnished, or labor performed thereon,
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4J and if such liens are so placed, the same may be paid by the
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j~ parties of the first part and each such payment, plus interest,
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thereon at 896 per annum, shall be ad~ied to the unpaid balance of {
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f' this A reement. 2o rom tl ~
~ g p p y pay for all labor performed and
materials furni.shed upon the above described progerty. !
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1 - 4. To pay a reasonable attorney~s fee and all Court ~ !
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costs should the parties of the first part be forced te w~ e
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legal actzu,~ c~ t.he p rovision?~ `.zreof , or should the ~
parties of the second part ur~ach this Agreemcnt and refuse to
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gt~it the premises, making it necessary to bring eviction proceed
ings against them, or should the parties of the~first part be ~
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