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ARTICLES OF AGREEMENT
THIS AGREEMENT made and entered into this ~day of December,
1969, by and between WILLIAM RADKE and MARGARET RADKE, his wife,
hereinafter called the parties of the first part, and IDA LOUISE JONES, a t
single adult, whose mailing address is: 2204 Avenue "G"
~ Fort Pierce, Florida, hereinafter called the party of the second part, ~
WITNESSETH:
That if the said party of the second part shall first make the payments T
and rform the covenants hereinafter mentioned on its ~
Pe part to be made and
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performed, the said parties of the first part hereby covenant and agree to convey `
and assure to the said party of the second part, and her heirs, executors,
administrators, or assigns, in fee simple, by a good and sufficient deed, the
following described property, together with all improvements thereon lying,
being and situate in St. Lucie County, Fiorida, to-wit:
Lot 1 and S 2 of Lot 4, Block 6, EL
DORADO SUBDIVISION, as thereof
recorded in Plat Book 8, Page 2, of
the Public Records of St. Lucie County,
Florida.
'POGETHER with all improvements thereon.
and the party of the second part hereby covenants and agrees to pay to the
said parties of the first part, as consideration therefor the sum of SIXTEEN ;
THOUSAND FIVE HUNDRED AND NO/100ths DOLLARS ($16, 500. 00), in the
manner foilowing:
There shall be paid the sum of ~2, 500. 00 cash at
the time of the execution hereof, the receipt whereof
is hereby acknowledged. The then remaining balance'
of $14, 000. 00 shall be paid in monthly install~nents of ~
$120. 00 each. The first such monthly installment shall
be due on the lst day of February 1970 and subsequent
payments shall be due onthe same day of each succeeding
month thereafter until the whole sum named,plus interest, ;
has been paid in full. Each such monthly payment shall ~
be applied first to interest and then to the unpaid principal
balance, with interest from the date hereof at the rate of
Eight Percent (8~) per annum on the unpaid balance. 1`wo
or more payments may be made at any time by the party
of the second part on any installment due date, without
penalty, but the making of such additional payments does
not extend the date of the next due payment. Of the above
monthly payment the sum of $98. 00 shall be applied to prin-
cipal and interest. The sum of $'l2. 00 shall constitute an
PfG~~re ~~l, ; escrow account held by first parties and used to ~ay th~
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