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h~G18o1I' i'or being in arrears in the sum of ~,75G by payment of
one-nalf oi' that sum of money; and ~
1
WHER~AS~ the parties desire ~o effectuate a pay schedule
t~ guarantee the Plaintiff payment for the arrearages and
I future payments; and -
i, WHERF,~AS, the Defendant had been empioyed by I~au+derdale-
NapZes Turnpike Acres, Inc. whose of~'ices are located on
t 8iscayne Bouilevard, Miami, Florida, and who owe the Defendant
! the a
~ pproximate amount of ~~,~OO.CG on accounts receivable for
~i co~miesions of prev~uus sales; and ~ ~
i~
~ 1J'r~EREAS, the Defendant receives the sum of ;;I,925.~0 on
~ Januar I~ oP ea ~
y ch and eqery year and a like sum of ~1,925
i~ .
~n July i~ uf each and evQry year under a Lease oP ninety-nine
; .
years on property Iocated and described as "AI1 of B1ccd 32 of
~ Pinewood Subdivisior~ as per Plat 3ook 5, page 2~ in Saint I.uc~e
! County. -
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NJ'~i~ TiiER~GRE, it is hereby nutually agreed as follows:
~
- FIRST: That the Defendant wiil assign all of his
~
acaounts receivabie from Lauderdale-Naples Turnpike acres, Znc.
~ in the approximate amount of ~~~700.00 tu the Plaintiff and
~ wi11 execute a letter directing the said Lauderdaie-Na~1es
~
Turnpike Acr~s, Inc. to issue ai1 checks directYy to the Plain-
.
tiff=s attorney, NEAL J. DIhYI1=s Trust Account for paynents and
d i sbur sement s.
SE:;t)ND: It is further agreed that the receivables s.~o~d
average a sum in ~he ap~roxi~ate amount of ~7,~~0.00-(but t'or ~
~ " '
pi:rpc;s e s of thi s Agre ement ~ the sum of t~ ~~'~`~i
s°to be used
~
for the settlement figure and so agreed to by ootn parties). `
~ 3
THI~: It hae been 'the DeY'endant'~~s experience tha'~ wne
~ average incorae from this receivable is ;~6U.~fl per week, and ~.'~e
~ef endant agree s that on June 1~ Iq67 ~ June 1 J i968 and ~~ne 1,
~y6y to accept t.ne accounting of the P1.aint~fi' as to the monies
v ~A;. bur~ri
t.-~OatiEY AT I.AW .
. : : A~t.3LCY 6YILG//y0
'~:AMt 3Q, FLOI~IDA
. c_cn,~~,t.E 973-7691 . ~
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