HomeMy WebLinkAbout0229 ~15i~46
AG~tE~Mar'T F08 DkED. '
AKTICLES OF AG~~~HBNT,made this ~p~
.day of Jan~~ary in the year ~ r
of our Lord One Thousand `'ine H ndred and Sixty Sevenibetxeen~
KSLLY CONSTRUCTION COMPAI~T~ a Florida Corporation~party of the
first Part~ and John S.'~ILL and BLLA sILL~his xife of 2407 Helon
Court~Fort Pierce~Florida~ Yarty of the Second part. -
I~ITN~SS~TH: That of the said party of the second pnrt shall first
~ake the payments and perform the covenants hereinafter mentioned
o their part to be made and performed~ the said party of the first
pt~r ereby covenants nnd agrees to convey and assure the said
party of ~ he second part~their heira~executors~adminstrators or
assigns~in fee simp].e.Clear of all encu!nberances Mhatever exceat
as hereinafter set out~by a good and sufficient Narranty Aeed.
the Lot~~iece of parcel of land situRte in the Co~inty of St.Lucie
F7.orida~ knovn and ~'escribed ~.s follows~ to-rriti
Lot ~~Block 4~_~Q~~ ADDITION~ORA?~'Gh' BLOSS021 ~STATES~as pet plat
thereof~on file in plat book 14~page 2~ of the public recorrls of
St.Lucie County~Florida. -
SCiBJ~CT To all restrictions~reservations~e~sements~and protective
c~venants ~of record.
And the said party af the second part~hereby c~venants and abrees
to pay the said party of the first part the sum of ?~iAr.TE~~' THOIISAND
A*;D ~.IGHTY BOLj:~,RS (~19~08~.00) in the manner folloWings
(A) QIvE THOUSAI~'D AND EIG1iTY DOLLA1tS ($1~080.00) upon the execution
of this Agreemen: for deed~the receipt of Khich is hereby acknoxledbed:
and~
One hundred t~irty Do?.9.ars (~13Q.00) per reonth bQ~-;inning on the
j.Z~h.c~ay of February 1967~~nd cantinuing to and until ±he ?th.d~v of
Febru~ry 1971: and~
(C )}`or~thZ~ payments ~~s herein~Uove set out in ( 8) sh~11 include
Principal znd interest on the unpaid balance at the rate of 6.75~
ner-annum. sa.ch installr~ent sh;21 first be applied to payr~ent of
interest ancl then on the unpaid balance of the prin~ipal sum, lC
penalty of 5: xill ~.ppl3• cn ~ayraents after 5 days due.
IT IS COY~NANt.L'~AG~t~~B A2:~1 L`V~E~2STOCU~as p~.rt o. the considerat~on
hereof ~ as f~llaxs s
~ 1. That there is existing a-first mortgage to First Federal Sa~ings
~n3 Loan Association of Fert Pierce~Flori~a Kith a balance of app-
~ ro~imatel~* $?_~~1`?~.0~ as the same is recnrde~l iii ti~e St.Lucie Coun#y~ ~
FJ.orida~ public recorc!s.
2.T4~at the {?zrt~ of the first nart sna12 continue to make ~11 of the
:aont'~ly nav;nents of ~rincipa~ ar.~ intzrest xltich r.+ay become c!ue and
~~ayabl,e under the ~aid mortgage ~ieed ~ and that the pai-t~~ of the
sec~~nd part hereby reserves the right to at any time before ~'ebruary
?th.1~S71~ to t~a~? tf~e party of the first part the cash difference be-
txeen the e;cisting mort~age t'ne bAlance due and oxing under this
a~reement f~r Deed. Upen pay~:ent of the aforesaid cash difference~
the QartS• ef the second part~ sha11 be entitled to receivo a~~arranty
Tieed fron the party of the first part~ xhich said ~iarranty deed shall
contain a standard ~nortgage assumption clause rahereby the party of the "
secoad part assumes the existing balance under the said mortgage.
The party of the second part sha11 also have :u11 right of prepayment -
in xhole or in part siibject only to an.y conditions as m~y Ue set out
in the said mortg~ge deed.
3.~n the event that it should become necessary to institute le~al
proceedings to foreclose ~r otherwise enforce this centract~the
party of the second part hereby agrees to pay all costs of such
action~includi~?g a reosonab2.e attorney's fee.
?
~ 4.The party o~ the second part also covenants 2nd a ees to ~:eep
t ne premises insured to the full extent of ~he mor ~;1ge re~a~inir.g
unpaid hereunder~also to pay all County or ott~.er ea1 e~tate taxes
on said property as soon as bill is receivec~'. .
S.To permit~commit or suffer no xaste~i~paira~nt or deterioration
of said property or any part hereof. -
~164 ~ 2z8
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