HomeMy WebLinkAbout0220 i
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l~RTICLES O~ AOR~E!lE~1'P - Paq~ Two ~
unpaid balana~ o! th~ prinaipal •um. T~h•
monthly in~tallm~nta wi~l s~ain at $140.00
p~r month unlw• tax~~ os iMUranc~ cau~•
th~ payen~nts to ~luctuat~ up~vasd or do~wrt- ~
ward lsaa th~ir pru~nt lavsl, and both par- f
ti~~ b~r~to agrM that i! •uch lluctuation
occur~, th~ ~aonthly paymsnt~ will b~ ad-
just~d accosdingly. ~
l~urth~rmor~, if payaaent~ ar~ not r~e~iwd by y
th~ 7th o! th~ month ~fi~n du~, a p~nalty
charg~ o! ~7.00 ~rill b~ mad~. Zn addition, j
i! paym~nt~ ar~ not r~c~iv~d by tti~ 15th of
t2ie month wl~~n du~, int~r~~t at th~ 1siq~~t
3sqal sat~ shall bi cocnput~d fsan th~ dat~
ot tha la~t paym~nt ~aad~ by S~cond parti~~
throuqh th~ dat~ th~ arr~arag~ i• r~ctifi~d.
T'h~ mon*_hly paym~nt of $140.00 ia ccmput~d upon
the lollowing pr~nair~: principal snd int~reat ~1Z2.lOt. ;
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hon~own~r~ in~uranc• policy $5.00 p~r m~nth baa~d on ~
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annual pr~aiun~ of $60.OOt tax~~. bao~d on $138.60 p~r ~
y~ar, $11.55 p~r montht snd $1.25 for t~ra~it~ policy.
Firat partie~ aqrN to utiliz~ ~o much of th~
~ $140.00 monthly peymenta a• i• n~ce~~ary to pay the real
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~ ~~tat~ tax~~, in~urancs pr~sium and termit~ policy due
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~ th~r~on •ach y~ar.
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First Parti~• will qiv~ Second Partie• an annual
•tat~nt no lstsr than February 15 of ~ech year, ahawinq
~ tho aiaount cr~dited to principal, intereet, taxa~ and in-
a
~ surance trom paymont~ mad~ during ths prsvious cal~ndar
;
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~ yoar by S~cond Parti~s. ~
a
X Socond Parti~r agreo to pay aIl coats coruzsct~d
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~ with the rscording of thfa aqr~nt, which ia to b~ r~-
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~ corded no lat~r than D~c~cab~r 31, 1970, in ord~r tor
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Second Partio~ to b~ ~ntitl~d to r~c~ive hoa~~at~ad ~xNap- ;
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~ tion in th~ cominq year, to k~sp th~ roal ~~tat~ taxu to-• ~
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a miniiaum.
LAW ORFICEf U p ~~w ~
WILLEB, BiTTAN ~ GRIFFIN BLSK ~ YJ~CE
P. O. ~OX 'OY ,
F011T rl[RC[. FLORtOA »4Dp
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