HomeMy WebLinkAbout2401 This instrua~nt prepa?red b~l i
IC~lly Hsll
1A02 Wyo~tfn9 Aveuu~
Fort Pierce~ Fla. AaR$HrI~iT FOA D~D.
i~2ass
ARTIGLBS OF ~(3RB8i~dT~made t,tsis txentieth day of ~[q~ in the year ~f our
I,ord One thousand nine hundred and sixt~y eight~ BetWee~ Kel]y Conatru~ctiaaa
Co~mpanry~a Florida Corporationipar~jr of the first part and Robert A.Crot't
and yerona L. Crof't~ his ~rife ~ of 2404 Holf day Cnu~~ Fort Pierce~ Fiorida~ ~
party of the second part. ~
WIZNSSSIs"tHs That of the said party of the second part aha]1 firet make the
p~ym~ts and perforra the coven~nta hereinafter mc.^_tioned aia their part to
be made and perfo~ed~ the said paurtty of the firet psrt hereby covesisnts
and agrees to convepT and assure the said party of the second par~~ their
heirs~executors~adminstrator~ or assigns~in fe~ simpl.e~clear of a17. en•
~umberancea xhatever~ except as hereinaf"t.er set out~by a good and enffYaen~
Warranty deed,the I.ot ~pieQe of parcel of land situat~e in the Count~? ot
St.I.ucie Florida.~ lrno~ and described as follo~~to-~rit;
Lot 7~Bloclc ~t~3econd Additiaa>> ORANGg BIASS~I &STATSS~ St.Lucie~Count~~
Florida as per plat thereof ~on file in plat bodc 1l~~page 2~ o~ tha Pnblic
records of St.Lucie County Florida. SIIBJSCT To all ~strictionsireaervationa
easementa and protective covenants of reoord.
And the said party of the second part hereby oo~~ants and agreea to p~y
to ths said party of t.he first gart the sLm of Nf„steen Thoueand Nine
Hundred Nine~ Dollars ($19, 990.00) x3.th a do~n p~ynnant oY One Thousand`
DolZars ($1~000.00) in the manner follo~ng.
A. One Thousand Dollars ($1~000.00) upon the ezE~ition of thia agreement
for deed~ the re ceipt of Whi.ch is hereby aclrno~rledged; and i
~
B. Ztiro hundred dollar~ ($200.00) per month beginning on the First da~r of
July 1968 and continuing for the nazt thirteen months and then One Hundred
FiPty Dollars ($1~0.00) per mont~h unti.l tha first d~ of June 19'72;and
C. Monthly p~ments~ as hereinabove set out in (B) shall include Prin~ ~
cipal and interest on the unpaid balance at fi.he rate of 6.75;6 per-annum.
Sach installmeat shall first ba applied in ~ payment of interest and theti
on the unpaid balance of the principal sum. A penalty of 5% xill ba
. charged on pa~ymexits after FIVS days due.
-T;~l~t~liHlt~l;ll" " ;
° It is~ COVBNANTgD~ AGRSED AND IIM)I'sItST00D~as part of the consideration
~ ;,;~f ~ hereof as folloWar
~~i N
~ .
~ 1. That there is exieting a firat mortgage to First Federal Savinga
J~"~ 6 Loan Associatian of Fort Pierce~Florida With a balance of approaimate~~ '
L,fi:
o,;.G~;~. f; j $15~T50.00 as the same is recorded in the St.iucis County~Florida publia ;
: llZfi ~ • recorda. :
W ~ J m ~
~ o= 2. That the party of the first part she ~l. continue to make all of the ~
o~P monthly p~ymeats of principal and interast ~hi.ch may became due and pay~ ;
~oll~I~~u~~~~a 8ble nnder the said ~o~tgage deed under this agreimme~t for deed;Provided~ ~
however~ the party of t.he second part hereby reservea the right to at aapr ;
1~1Nf10~ tiraebefore June lat~1972~to psy to the party of the Firat part the cash F
differe~c4 betWee~ the eadating mortgage the balauce due and o~ring under i
31~f11 '1S •{~s agreame~t for deed. Upon pa~nae~?t of the afore~aid cash diffarenae~ , ~
the partq of the second par~t~ shall be entitled to rsceiv~a a W~ranty dead ~
~ from the party of the firat par~t~which said Warranty deed sha13, contain
a Standard mortgage asswaption clause xherebythe i~-~~~ethe Second ~
par~ assumes tbe existing mortgage balance under the said mortgags.Tha
party of the aecond na~r~ shall also hava f1i11 right of prep~rmeut in
srhole or in part sub3ect only to an~y conditions as may be se~t aut in ths
said mortgage deed.
3.In the event that it should become necessary to institute legal pro- ~
ceedings to foreclose or otherKise enforce this contract~the party of ~
the second part hereby agrees to p~r a11 costs ~'such action~incltding
a eeasonable attorney's fee. ~
~J? ~ ~
RECfIVEQ =~f ~ iR PAYINEM OF TAI~S
D','E Ob CLASS 'C lNTAHGIBlE PERSaNAI PROPERIY~
PURSUAIYT TO CHApTER 2p7y4~ ~TS pF 194]s
hi,GER POITRI4S, Clerk Circuit Cpttr~ ~
as Agent fot q~T~g ~ ~p~~
St J~~~ 800K 174 PAGE2~~V
~ -
. -
DE~JIi ~AII
_ -