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HomeMy WebLinkAbout1283 AOREEM[NT ~Oi~ p[tD ' 11AMC0 rORM 2~ 1'76140 ~ ~ ~ r ~c es o reemen ~ .Uud~ tl~i: 27th day oj March in ~hr yc~ar oj oeir Lord, ore~ thousa~td ni~it hundred and sixty-nine (1969) ~ttW~il J. E. Mitchell, a singie aduit, Route #1, Sociai Circie, Georgia, . party aj lh~ Jir~f purt, and ~ Rachel Cornelius, a single adult, 909 Barrel Avenue, ~ Foit Pierce, Florida, pQ~~y of thP aProrid part. , ~ .-~~I~~~ Thal i the suid ~ ~ / part y o/ the second part shall ~iral maJ~P /hr paymrn/s and p~tjnrm th~ cou~liaiits h~reina/ter me~ilioned oii her purt lo be madr- a~~d per/ormed. the said party oj the ~r:t part hPreby cot~e~ca~tls and a~~ee s to co~ivPy attd assttr~ !o the suicl part q o/ the secund part, her heirs. Pxrce~lors, administralors or usxrgns, ilr jee aimplP, c1Par o/ all i~~ciimbcan~Pa ~uhatever, by u good and suJj3cie~rf dPed. the lot , piPCP or ~x~rce?1 0/ land, aftuufed irr lhe (:uunty oj St. LuC~.e . Slate o/ Florida known and deacribed as jollowa, ~wwit: That part of the South 395 feet of the Nvrth 890 feet of Lot 2 of J. I. I~LLEMtS SUBDIV~SION, as per Plat Book 3, page 85, of the public records uf St. Lucie County, Florida, described as follaws: Beginning at the Southeast_(SE) corner of above tract; thence run West 180 feet to poin# of beginning: Thence continue West 60 feet; thence North 172.5 feet; thence Bast 60 feet; thence South 1?2.5 feet, to point of beginning. and the said pa~ly oJ t/rP se~ond Exrrl her~by co~rnantg and agreeg lo paJ to thP actid part y of the fer:t pczrt t/re. aum oj Z~vo Thousand Five Hundred ($2500.00)Dollara, itr tlre nturrirer Jollowing Thitty-Five Dol2ars ($35;00) per month beginning _on April 5, 1969, and a like sum each month thereafter until fully paid, . said Thxrty-Five Dollars ($35.00) to be applied first to interest and thea to principal. monthly and inclnd d in ~uith inlerrsl cd lhe rate u/ seven C7) per cPntum per a~tnum. ~x~yablels8id month2y payme t ~ ~ on the whole sum remaining /rum timP to time iu~paid; and lo pay a!! tuxes, asspssmeiila or impositions thut may be legally levied or intpused upon sarid lund uibseque~it to tht yPUr Z968 , a~1d to keep tht buildi~igs upo~e said premises i~rsured in some cornpany satiajuctory to the part y oj the ferst part. a»d payuble /~r the parties. respectiuPty us their i~~lerests may appear, i~i a sum not [ess than its insurable value Dollars di~ring fhe term vj Ihis ugrPemenl. ar~d iu cast u/ fuilt~re o/ tl~P sutd parl y o/ tl~e~ sPCOnd J~arl to muke uny o/ lhe paymenfs ur w~y pur( thPreof, ur to per/orm aizy o/ the cove~saiits un her part hPrPby made a~ed rt~IPr~d ittto, this ~ontracl ahall. at lhe op~ion oj lhe purt y uj t1rP first part, be /or~eited and terrreinuled. and the part y of t/re sP~u~rd purl shull /orjPit «Il Jx~yments made by her on this-contract; and sttch payme~its shall be rPlairied 6y lhe said par~y of the first parl in jull satis/actiort a~id tiqttidation o/ al! damages by him sustai~ted, a?id [he said pnrt y oJ the ~rst parl sha!! haue the righf lo re-tiiter .and takP possession o/ the premises ajortsaid without 6eing liable ~o any actior: therc/o% Party of the first part al o : has the right to accelerate all payments due upon default and has the ri~~h~ ~rea o~bl~ttorney~s fees and costs from the party of the se ond/ ~~11~1~~ 9 s by ai~d befween lhe parties /r~reto. lh~i the Iimr o/ Paclr Exrym~n~ C nt at shal! be an essential part o/ this co~~tract. and lhat t~ll couenants arrd agrPemPrrts hPrpile conlai~rrd ottom shall exl~ncl to and be ~blrgatory upon lhe heirs, esecutors, admiuis/ralors and assig~ls oj Ihe re- spectir~e parrti~s. Party of the second part has the right to prepay any or al ins,~_a nts e w' hout penalty. iQ ~ The parties to these presPnts have hereunto set their hal~ds and seals the day and ytai~ frst aboue writlen. S' is~d, Seal~d u? Deliuered in Presence oj: ' - ~ - - - - ' - - - ~ - . E. Mit~hell - - - - - - - ~ _ - - - ~ " Rachel Cornelius . ~ - - cont,- part in the event of default. 8w~~~ ~ ~ ~ ~ ~ _ - . ~ ~ ~ . ~ r. : ~ ~ ~ , _