HomeMy WebLinkAbout0125 169410 . . .
.
ao~r ~oR nsan.
ARTIC~L.S3 OF L(iR~iT~made thia siath d~ o~ ~ugu8t in the year of aur Lord
a~a thousaad riiae hundr~d and ai~ctar aight~ betv~aen Kally Co~nstruction Co~epar~y~
a Florida Corporation~ party of the first part and Norrian J•FL~gitt and I~artha
M. P1~gitt~ his yif'e~oP ~7 Holid$y Courb~Fort Pierce~Flo~ida~ par~y of the
Second Part.
wITN8S.S8THrThat of tha said part~y of the aeca~d part shall first make the p~~
ments and perfon~ tha oovm~ante hereinaPter mantioned o~ thed.r part to be made
and parfon~ed~ the said party of the firat parE hereby cov~enant,s and agreea to
coanveryr ~ad aesure the aaid part,~ of the second part~the3r heire~esecutora~ ad•
minstrators or asai~s~in fee s3mps.e:nlear ot all eucumbarancea ~atever~e~zcept
as h~ear aet out~by a good and sufficieat i~arrant~r deed~ the lotipiece of
parcel of land situate in the Count~ of St.Iucie~Florida~ lmo~ an~-described
aa follrnra~ to-xits •
Lot 4,eiock 5, S~OND IIDITION~ ORAtiC'$ BLOSSp~i TSTATSSiSt.Lucie County~Flartda
as per plat t~hereof~ o~ ~`l.le in plat book ll~~page 2~of the Public record,e of
St.Lucie~Cour~r Florida. 3UBJ$CT To all reatrictians~ reservstiona~ease~ents
and protective covenants of record.
~nd the said p~urty of the second part herebT cov~enants aad agreea to p~y to the
~ (~2lt 500 00) xith a do~m~ the s~.na ot T~rent,T Four Thonsarid five hundred Dollars
~ . ~m paymeat of on~ thonsand fiv+e hundrad cloll,ara ($1~500,00)
1 in the aiaaner folloxing.
~ l. Ons thousand five hundred d~llars ($1~500.00) upon the azecution of t2~.s ag-
reement for deed~ tha receipt of v~ich i~ hereby acl~sovledgads and
B. T~o huaclre~l dollara ($200.00) per ~onth beginni~,; on the si.ath of Sept,
~ 1968 and continuing for the life oP this agreemesit~ ~
M
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C. Honthly p~,ymeats~ as here3nafte~ set out in (B) sha]]. include Principal and
interest on the uripaid balance at the rate of 7~6 per-~annumt. Each inatallmeat shall
~~,V; firat be applied i.ti pa~rmeut- of int.erest and theu on the unpaid balauce of fi,he
V principal stnn. ~ Penaltyof 5~ ~i].l. be charged on p~ymeats af`ter 5 dqya due.
I ~
It is~ OOVi~1ANT$D AND UNDSR3TaOD~ as part of the considerati~? hereof as follovs.
l. That there is eaisting a f`Irst mortgage to First Federal aavings & Lasn Ilss+ -
` ociation of Fort P~lerce~Florida ~rith a balance of appro~d~eately~ $19~750.00'as
~ ~ the aame ia recorded in the St.I,ucie Count~r~Florida public recorda.
~
2. That the party ot the first part shall continue to make a11 of the ~nonthly
~ v p~en
ts o
f p
r
3 ac i p
a
l an
d i n
terest ~hich au~y becane ~e and payeble-under the t
said mortgage deed under thia agree~aeat for deed: Prnvideds hmaever~ the par~t~ '
~ of the secaad part hereb~y resei-ves the right to at a~r time betore August Sizth ~
1971 to pa~r to the party of ths f'iratpart the caah diffe~ce~ be$xeen the ea~•
~ isting mortgage the balaa~~ due and o~ring undsr this agreement for deed. Upon
~ p~ymeat of the aforesid cash diPfere~se~ tha p4rty of the seca~d part~shall bs
entitled to recei~e a xarreaty deed ~roe tha p~rtiy of tha f`irst part~ tihich said
~ warrantJ deed shall contta~n a Standard mortgage asswrptian clause r~rhereb~y the
~ party of the secaaid part assw~es the eadatin~mortgage balance under.the said
ti mortgage. The party of the secand part ehall also ha~e t1il1 rlght of prepa~nnent
C in rhole or in part aub3ect on.~y to arpr c~ditions ae mq~r be sat out in the said
~ ~nortgage deed,
3. In the event that it should becos~ necessary to institute legal proceedinga
~ to foreclose or athe=xiee enforce t~his contract~ the part~y of the second part
~ hereby agrees to p~y all costs of such actiaay including a reasonable Attornasr~a
fae.•
4. The party of the second part a18o cove~nants and agrees to keep~the~premises
insured to the ~L11 erteat of the mortgage renaining unpaid hereundear~alao ta
pqr all County or other real eatats tases o~ said property.
5. ?o peraiticownitor autfer arp? waate~iwpai~eat or detoriatiaa of aaid property
08 u~r part thereo! j
RECEIYtn s • ~
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