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1593~9
AGRSEM$NT FOR DEED ~
~ARTICLffi OF AGR~SMSNT, made this 7th day of August, 1967,
between TRAUB ENTgRPRI3ffi, INC., a Florida corporation, party of the
first part, and CHARLSS FLO~YD TYS013, JR. and LILLIAN P$ARSON TYSON,
]iis wife, parties of the second part, ~
aTITNffi88TH, That if the said parties of the second part shall
first make the payments and perform the covenants hereinafter men-
tioned on their part to be made and performed, the said party of the
first part hereby covenants and agrees to convey and assure to the
said parties of the second part, their heirs, executors, administra-
tors and assigns, in fee simp2e, clear of all encumbrances whatever,
by a good and sufficient deed, the lot, piece, or parcel of land,
situate in the County of St. Lucie and State of Florida, known and
described as follaws, to wit:
~ Lot 9, Block 11, of FORT PIffitCE BEACH SUBDIVISION, ac-
cording to the revised plat thereof recorded in Plat
Book 8, a t page 29, of the public records of St. Lucie
County, Florida.
and the said parties of the second part hereby covenant and agree to
pay to the said party of the first part the sum of Zi~TELVE THOU3AND
FIVS IiUNDRSD DOLLARS ($12,500.00), in the following manner: (a)
$1000 on or before closing; (b) Assume first mortgage balance of
$?860.44 to Firs t Federal Savings & Loan Association of Fort Pierce,
Florida; (c) Pay $90 per moath on or before the lOth of each month,
beginning 8/10/67, to First National Sank of Fort Pierce. $66 of
each said $90 monthly payments shall be paid by Traub Enterprises, Inc.
on the principal~and interest of $7860.44 first mortgage balance o~wed
to First Federal Savings & Loan Association, and $24 of each of said
$90 monthly payments shall be paid on the $3639.56 balance of the pur-
chase price, which shall bear interest at 696 per annum. Each of said
; $24 payments shall be credited first to interest and the balance to
; principal and prepayment shall be permitted at any time without penalty.
~ At the time the $3639.56 balance of the purchase price is paid in full,
~ the Warranty Deed shall be released to parties of the second part and
~ fran that time on the parties of the second part.shall make the $66
monthly payments on the first mortgage directly to First Federal Sav-
ings & Loan Association of Fort Pierce, Florida; and the said parties
of the second part agree to pay all taxes, assessments or impositions
that may be legally levied or imposed upon said land subsequent to
the year 1966, and to keep the buildings upon said premises insured
in some company satisfactory to the party of the first part, and
payable for the parties, respectively as their interests may appear,
"in a sum not less than Eighty-four Hundred Dollars ($8,400.), during
the term of tliis Agreament. And in case of failure of the parties
of the second part to make any of the payments or any part thereof,.
or to perform any of the covenants on their part hereby made and
entered into, this contract shall, at the option of the party of the
~ first part, be forfeited and terminated, and the parties of the second
~ part shall forfeit all paymehts made by them on this contract;~and such
payments shall be retained by the said party of the first part in full
satisfaction and liquidation of all damages by it sustained, and the
said party of the first part shall have the right to re-enter and take
possession of the premises afor.~said without being liable to any action
therefc~rd `
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