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1853~3~ ~
AaRSFMS~iT FOR D~.
ARTICLS3 OF A(3R~HJT~made this ~i~d~r o.P Nove~nber in the year ot our Lord
One thousand nine hundred siaty nine,between Kel.~y Investmeut C~~a Florida ~
Corporation~party of the first part~and Billy J. Str3ckland and Marba D, i
Strickland~his xife of 1713 York t'.~urt~Fbrt Pierce~Florida ~party of the
Sscond part. ~
WI~TBSS~'THsThat of the sa3d party of the second part ahall first make the !
p~rments and perfo~n the covenants hereinaf'ter meationed on their part t~ t
be made and perfoimed~the said party of the first part hereby covenants and agrees ~
to comvey m and assure the said party of the aecond part ~their heira~axecutora ~
a~ninstratora or assigne~in fee simple~alear of all encun~berancea ~hate~ver~
eoccept as hereinaf`~er set out~by a good and sufficient Warranty deed~the lot~piece
of parcelo~ laIDd aituate in the county of S~. Lucie~ Florida lmrnm and descx3bed
as folloxs~to-xits
Lot 2~Block 5i ORAI~Q$ BLOSS~I ffiTATS3 SUBDIVISION~as per plat thereof on f31e
in plat book 11~ page 6~ of the Public records of St.Iucie County Florida.
SUBJSCT To all restrictions,reservations~ease~aents and protective covenants
of record.
Mdi the said party of the Second part hereby cove~nants and agrees to pa~r to
the said party of the Flrst part the ~nn of Sixteari Thousand Five Hundred
Dollars ($16~500.00) in the mantier fo2loxin~ N3ue ~hindred Dollars ($900.00) ~
as do~npaymerit at the time of the si~3.ng of this Agreemezit for deed~and
OAe Hundred Fifty Dollars ($150.00} per month beginning on the S~urth d~y of
Dece~nber 1969 and continuing for the next 4$ months and at that time the flil1
amount of balauce oireing shall become due and pa~able.
Montt~],y pa~ymeuts~as hereinafter set out above shall include principal and
interest on the unpaid balance at the rate of ~ per-annum. Fach install•~
ment shall first be apglied in p~yme~t of interest and thea on the un-
paid balance _of the principa]. sum. A P}~T_~.T'~ of 5~ xS.11 be charged on ar~
p~~yntents after five days c~e.
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It is COV~tANTSD ~ UNDERS'1~OOD~ as ~rt of the consideration hereof aa folloi,rs.
1~1'hat there is eodsting a First mortgage to ATI00 FINANCIAL Corporati~~of
' Miami~Florida ~rith a balaace of approximate],y $9~500.00 as the same is re••
~ corded in the St.Iucie County~Floricla public records.
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~ 2..That the party of the First part shall contiuue to make all of the ~nt~r
~ payments of principal and i~terest vh3.ch ma~y become due azld ~ysble ur'adA1~
~ the said nwrtgage deed under this agreement for Deed; Provideds~HoWever~
~ the pRrty of the second part hereby raserves the right to at ar~r time before
Novaaber sixth 1973 to p~q to the party of the Pirst parb the cash differenoe
bet~neen the eadstirg mortgage the balan~e due and o~reing under this agreeAnent
for deed .Upon paymeat of the aforesaid cash differmice ~the party of the
second part, sha71 be entit2ed to receiv~e a Warranty deed~f"roa the party of
the first part~ xhich said xarranty deed shall ca~tain a standard mortgage
assumption clause whereby the party of the second pa,rt assumes the e~d.sting
mortgage balance under the said mortgage .The party of the second partshall
also have ftiill right of pre-pa~yment in ~hole or in part sub3 ect on~y to ar~p
conditions as ma~y be~se~t ont in the said mortgage deed.
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~ 3•In the event that it shou~d becwne necessary to institute legal proceed3ngs
g to foreclose or otherwise e~nforce this contract ~the party of t,he second pArt
~ hareby agrees to p$y all costs of such action~including a reasonable Attorne3r~s ~
~ Fee.
4•1Phe party of the second part also covenants and agrees to keep the pre-
~ mises insured to the f1il.l eate~t of the mortgage remaini~ unpaid here~under~
~ also to pay all County and other real eatate tauoes on said pmperty.
~ 5•To permit~ Co~it or suffer any vaiste~f,mpairnsent or detoration of said
property or ar~y part the,t~eofs
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