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HomeMy WebLinkAbout1977 ~ ! ' y ( ~s~~~ C 0 N T R A C~ THIS AGREEMEN'.P entered into on this the 18th day Qf December, A.D. 196? in Saint Zucie County, Florida, between GLENI~A. NE~IMAN and MAUDE Ts. NEYfMAN, hi$ wife, hereinafter referred to as the Owner and RII,LIA~d S. TOWNSEND and DORIS ~ H. TONfNSEND, his wife, hereinafter referred to as the B~yer; 1~ITNESS$TH, That in conaideration of the sum of 5400. ~C and other valuable consideratians eachanged between the parties hereto, the receipt of which is hereby acknowledged,the Owner hereby agrees to sell to the B~yer s.nd the B~yer hereby agrees to purchase from the Owner the following described property, located in Saint Lucie County, Florida, to-wits The west 60 feet of ~the East 126 feet of - the NE} of the SW~ of the SW} less the South 430 feet in Section 34, Township 35 South, Range 40 East. for the sum of =4,250.00 by making a deposit of ;400.00 the receipt of which is hereby acknowledged, leaving a balance due at closing of =3,850.00 to be paid by a first mortgage and note in quarterly payments of ~120.00 per payment including interest at the rate of696 per annum on the unpaid balance. • The closing shall be on or before Decemder 31, 1967 with the understanding that the purchase money note and mortgage in the amount of =3,850.00 shall be payable with interest at the rate of 696 per annum on the unpaid balance in quarterly payments commencing April 15, 1968 which shall include the interest on the unpaid balance. If any unpaid balance remains it shall be paid in full fifteen (15) years from date. It is understood between the parties hereto that this property is being sold sub3ect to restrictions and limitations ~ . of record, easements for puolic utilities, and any zoning ~ restrictions. This property is sub~e ct to taxes for t he ~ year 1968 and subaequent years. _ : ~ ~ ~ The OWner shall furnish dn abstract brought up to date ° by June 1, 1968 and the Buyer shall have thirty (30) days ~ 3i°'~ in which to egamine same. If the title discloses that said ~ s- ~ abstract is not merchantable then the Owners shall use~reason- ~ ~ able diligence and reasonable effort to make said title ~ --„-.jli~•. ~ ~ _~,t mercha.ntable. Failure to fhrnish an abstract brought up to ' -j'''~'~ date or to make said title not merchantable as set out above ' invalidates the purchase money mortgage and the note it secures. ~ i ~ i Al1 parties hereto agree that this transaction shall be ~ ; closed with the Buyer paying the balance of the purchase price ~ ~ and ezecuting the remaining papers necessary for said closing ~ on or before December 31, 1967, eacepting for those conditions ~ as agreed upon in the foregoing paragrr~phs. In the event that ~ ` the Buyer fails to go t}irough with this transaction, the ~ deposit referred to above shall be retained by the Owner as ~ f liquidated and agreed damages for the Oo?ner; and in the event ; ! the Owner refuses to comply with his part of this agreement, i by Yurnishing an insurable title or for ariy other reason, the ~ i, deposit rePerred to above shall be promptly refunc3ed to the r Buyer and all parties shall be relieved of all liabilities ~ arising out of this agreement. ; ~ PHIUP G. HOURSE # ` ATTORNEY AT U1i ~ ~I f31A NOqTN ~OURTN _ ~ FO~T PIERCE. FLORIDA ~ I 93150 f TEL[PNONt N6f7~1 U ~ ~ ~ ~ ! Bt:~K V~ FAGf 1 I ~ ~ -