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ARTICLES OF AGRE~lENT
Made this day of October, 1968, by and between CLAUDS
H. CO~MBS and LOUISS L. CQMBS, his wife, hereinafter referred to as
"FIRST PARTIES" and T. REED GOLDEN and BETTY D. GOI.DEN, his wife,
214 Gardenia, Fort Pierce, Florida, Y~ereinafter referred to as i
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"SECOND PARTIES"; '
W I T N E S S E T H;
That if the Second Parties shall first make the payments and
perfona the covenants hereinafter mentioned on their part to be ,
made and performed, First Parties hereby covenant and agree to con-
vey and assure to Second Parties, their heirs, executors, administrators
or assigns, in fee simple, free fracn all encumbrances, by a good
and sufficient Warranty Deed, the following described property
situate in St. Lucie County, Florida:
Lot 4, Block 9, SUNSET PARK, as per re-plat thereof `
recorded in Plat Book 11, page 28, public records of
St. I.ucie County, Florida.
I.
~ And Second Parties hereby covenant and agree to pay First Parties
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~ the sum of $12,000, with interest at the rate of 796 per annum, as
follows:
$400 on or before the signing of this Agreement, receipt
whereof is hereby acknowledged;
$200 on Dece~?ber 1, 1968, and the balance of the sales price ~
in monthly installments of $100 per month beginning November ~
1, 1968, and on the lst day of each succeeding month there- ;
after until the whole be fully paid. ~
Each installment shall first be applied on the payment of
~ interest, taxes and insurance and then on the unpaid balance
~ of the principal sum. First parties agree to give Second
~ Parties an annual statement, no later than February 15, of
~ each year, showing the amount credited to principal, to
interest, to taxes and insurance.fram payments made during
~ the previous calendar year.
If the above-mentioned monthly payments are not received by
the 7th day of each month, a late charge of $2.50 shall be ~
added to each of said delinquent monthly payments;
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