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4'~`~' AGREffi~NT 1~OR DSED i
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- a• I?lADS this the ~ da o! December, A.D.1968, ~
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-'r'" : betNeen D i P INVBSTMBNTS, I1~iC., a Florida corporation, party ;
J~~ of tha tirst part, AND SAI~i 1~LLIAI~IS, JR. , and YVONN$ WZLLIAMS,
his Wife, party of the second part, i
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~IITNBSSETH, that if the said party of the second part z.
ahall first make the payatents and perform the covenants herein-
after meationed on their part to be made and performed, the
said party of the firat part hereby ao~venauits and agrees to convey
auid aasur~ to the said party of the 8ecorld part, in fee simple,
~ clear of all incumbrances Whatever, by a qood and sufficient
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warranty deed, the follo~lnq de~cribed land, aituate and beinq
° ~ ia the County of Saint Lucie, Statte of Florida, to-~it:
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3~~ Lots 7, 8, 9 and 10 of HIGSSIDE
~'os SIIBDIVISiON as per plat thereof
3? on file in Plat Book 6 at paqe
Z~ ~ 42 of the public recorda of
S~ Saint Lu~ie County, Florida.
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Z,.~ and the said party of the second part hereby covenants and agreea
to pay the safd party of the firat part the sum of SiXTY TSOIISAND
p AND NO/100 ($60,000.00) DO~.LARS less a dawn payment of $450.00
for a net of $59,550.00 (FIFTY riINS THOOSAND FIVS HiJNDR$D FIFTY
AND NO/100 DOLLARS) toqe~her with interest fraa date at the rate
of 7$ per annum, said principal and interest beinq payable as
follaws, to-wft:
$107.50 plus $22.00 for. escraw for
taxea and insurance for a total of
$129.50, the first payment of which
shall coamence on January 4, 1969,
and a like sum of $129.50 every week
thereafter until such time as the full
principal and interest have been paid
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in full.
~ AND the party of the second part hereby further covenants
~ and agreea to pay proonptly when due the principal and interest
( and other sums of money provided for in this agreement; to pay
' all and sinqnlar the taxes, assesaments, levies, liabilitfes,
obliga~fons,aud encumbrances of every nature on safd prpperty;
to permit, co~mit or suffer no waste, impairaient or deterioration
of said land or the improvements thereon at any time= to keep the
buildinqs naw or he~eafter on said land fully insured in a sum
~ not less than the amount remaicd.nq fran time to time unpaid in
a coaipany or companies acceptable to the party of the first part,
the p~iicy, the policy or policies to be held by, and payable
to, said party of the first part, and in the event any sum of
money becanes payable by virtue of such insurance the party of
the first part Bhall have the right to receive and apply the
same to the iadebtedness hereby secured, aecount~nq to the party
of the second part for any surplus; to pay all costs, charges, and
expenses, including lawyer's fees and title searches, reagonably
incurred or paid by the party of the first part because of the
~ faf lure of the party of the second part to pro~aptly and fully
~ co~nply with the aqreements, stipulations, conditions and covenants
of tt~s aqreemant; to perform, comply with and abfde by each and
every the agree~aent~, stipulations, conditions and covenants set
forth in this aqreement. In the event the party of the second
part fails to pay when due any tau, assessment, insu~ance premium
or other swn of money payable by virtue of this agreea~nt, t~e
party of the first part mAy pay the same, without waiving or
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