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cn V COMPiHOIIER L:.~.,N.,` _ '
!?9.~°0133 _"..`^i='~ w ARTICLSS OF A(iRS81~NT
l1AD$ this 25th day ot Auqust in the year of our Lord, ,
one thoueand nine hundred and aixty-eiqht, betw~een LAURA 8. HANCOCK,
a ainqle adult, individually and se Truetee, party of the firet part,
snd FSLIX S. JASM and AitLINS M. JASM his wife, partiee of the
aecond part, /v/y ~i+-r~a~ ~~i ~~~~~J. ~a.,
W I T N S S S S T 8:
That if the said parties of the second part ehall first
make the payinents and perform the covenante hereinafter mentioned on
their part to be made and performed, the said party of the first part
hereby covenanta and agreea to convey and asaure to the said partiee
of the second part, their heir8, executora, administrators or aseigns,
in fee simple, clear of all incumbrances whatever, by a qood and auf-
ficient deed, the lots, pieces or parcels of land, situated in the
County of St. Lucie, State of Florida, known and deacribed as follaws,
to-wit :
Lot 10 and WeBt 21.66 feet of Lot 9, `
Block N, MARAVILLA ESTATSS, as recorded
in Plat Book 8, paqe 77 of the public
records of St. Lucie County, Florida.
and the eaid parties of the second part hereby covenant and agree to
pay to the said party of the firat part the sum of Eiqhteen Thousand,
Five Sundred (~18,500.00) Dollara, in the manner follawingz
A dawn payment of One Thousand, Five Hundred ($1,500.00) Dollars,
receipt of which ia hereby acknowledqed, the remaininq balance of
Seventeen T'housand ($17,000.00) Dollare payable at the rate of Or~e
Hundred, Twenty-Six ($126.00) Dollara per month beqinning one (1)
month frota the date of this Agreement; safd payments to be applied
I first to accrued intereat and ~hen to the reduction of principal~.
` Upon final payment, party of the first part will convey title by War-
rant1~ Deed freg and clea of a11 in umb s. Pre a nt wit ho t ~
~ penajty allowed. Interea~ at tl~e ra~e o~~~per an~r~u~on unpaid ~alance. ~
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There is presently a wortgage on said property which will be paid by `
party of the firat part prior to delivery of 8aid Warranty Deed.
Ha~rever, party of the first part ahall have the option and the right ;
at any tim~e durinq the life of this Agreement to deliver to partiea ~
of the.second part a Warranty Deed aubject to any outstandinq mortqage 5
or mortgages which would be assumed by parties of the second part `
and the balance of any such mortgaqe assumed shall be credited aqainat
the balance owed on this Agreement. In thia event, if the aiaount of
the mortgage assumed is less than the amount remaininq unpaid under
the tena8 of thie Agreement, partiee of the second part will qiv_e. to `
party of the firat part a purchaee money second mortgage for this ~
renaininq balance. The total amount of paymenta under the mortgaqe
as8umed and the purchase money second mortgage shall be One Hundred,
Tw~enty-Six (~126.00) Dollars per month. In any event the amount of
~ the mortqaqe aeaumed shall not exceed the balance due under the terms
of thia Agreement at the time of aeeumption.
Parties of the aecond part further agree to pay all texes, assessments
or impositions that may be legally levied or imposed upon said land
aubsequent to thQ year 1967, and to keep the buildings upon said
premiaes insured in saae campany eatisfactory to the party of the
first part, and payable for the parties, respectively as their interests
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TM~ INSTRUM[NT pR~pAREp sY ;
0R ALDERMAN. L.ww~rE~ %
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R o. ~ox u~s aoi s. eTH sr. 600K~~~ ~27~3
FORT p~ERCl, RLQRIDA 93450
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