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HomeMy WebLinkAbout2869 i~ i ~~`~,E;`'~.,~ . ~N PAYA~EM OF TA~ ~'.tE l'N ~I.AtiS '~If~TRk^'(!If ~~[~SC`~AL PRCPERIY~ ~ ~ j PL r~,::~,.P .~:1.1. r~,s ot ~ ~33'?' FGG. R f'OI;:.A~. ' ~e.k [~;c?,.t C~utt as k=,.• r•. ~ N. !~~;CWi.TS, 1R ~ St. l~; : ! ' , i.~.! .:.t~r \ ~ ~ By . ~ c" ~c~ ~ - r ~l E: K~ICLES OF AGREEiL.'~:NT j, ~ Made this ~~.LK day of /~-c~~~oywt~ , in the ~year of our Lord, one thousand nine hundred and seventy. I BEI'WEF~1 ELIZABEl'ri WEITZMAN, a sing~e adult, party of the first ~iptirt and JACK J. DE BRYNE and ESTHIIt B. DE BRYNE, his vife, parties of the ' second part, WITNFSSETH, That if the said parties of the second part shall first make the payments and perform the covenants hereinafter mentioned on their part ~to be made and performed, the said pr~rty -of the first part hereby covenants and ~agrees to convey and assure to the said parties of the second part, their heirs, ~executors, administrators or assigns, in fee simpie, clear of all incumbrances vhatever, by a good and sufficient deed, the lot, piece or paxcel of land, ~Y~~.~~•~~;m~,~: I situated in the County of St. Lucie, State of Florida, knoWn and described as ~ ,follavs, to-wit: ~ ; . N~~ The Southerly half of Lot 17 and northerly ~ half of Lot 18, Blo:.k 7, PINEWOOD SUBDIVISION, "--,~'~`>.-~'~I according to the plat thereof recorded in Plat ~ Book 5, Page 2k, Public Records of St. Lucie , ;'f ` ~;i~ County, Florida. ~ ~ 1 r J m ~~'~y and the said parties of the second part hereby covenan~ and agree to pay ~a the - ~ o_ said party nf the first part the sum of Sixteen Thousand Five Hundxed and No/100 o a ~~~;.~i14`? Dollars, in the manner follo~ring: ~ ~ro ~ousand Dollars this date paid, receipt of Which is hereby , ~ ~~acknovledged and the balance of $14,500.00 to be paid monthly b~ginning _:~l i'1S ~ December 1, 1970, and on the first daky of each successive month thereaf`ter until the whole sum shall be f'ully paid or until the sum of $6,000.00 has bealpaid, ' ` hichever is sooner, whereupon a Warranty Deed ~rill be executed and delivered ! ~•by the seller; during the period abovesaid, the seller is to keep up the first i ortgage pqyments in the absence of irhich the purchasers shall have the right to ~ ake the said F~yments deducting the amount of the same from the monthly mortgag ° ~installments and in turn, the balance to be paid; upon exercise of demand for ~ ~deed upon the payment of $6,000.00, the purchasers shall execute a second ~ ,~?ortgage for the balance i,i~cr o~-ing on the contract and the payments on the said ~ ~jsecond mortgage to be the difference between the amount of the first mortgage ~ :~payment and $135.00 and providing the first mortgage payments shall be made irith ;the said difference p~yable toWard the balance unpaid on the second mortgage; ~ ~the privilege of prepayment granted to the purchasers With interest of 7x under ~ ~this contract and subsequent sums owed nn the second mortgage after assumption ~ f the first mortgage ~rith the total payment at no time exceeding ~135.00 on ~~this contract and/or first and second mortgsge as the condition ma~y be; and to ~~pay all taxes, assessments or impositions that m~y be legally levied or imposed ~ pon said land subsequent to the year 1970, and to keep the buildings upon said E remises insured in some company satisfactory to the party of the first part, an , ayable for the parties, respectively as their interests m~y appear, in a sum no i ess than the aggregate unpaid balance from time to time oving during the term o ~ i his agreement. And in csse of failure of the said parties of the second part t ~ S ' e any of the pe~yments or any part thereof,,or to perform any oP the covenants ~ H' ~bn their part hereby made and entered into, this contract shall, at the option o ~ ~the party of the first part, be forfeited and termir.ated, snd the parties of the ~ ? ~~second paz•t shall forfeit all payments made by them on this contract; and such ~~ayments shall be retained by the said party of the first part in fl~ll satisfact' n ~ ~ r..~ Q~ ~Eand liquidation of all dsmages by her sustained, snd the said party of the first ~ ~ s ffi~ ; art shall have the right to re-enter snd take possessian of the premises ~ o~~ ~~foresaid vithout being liable to any action therefor. ~ n ~ ~ il IT IS MUT(JALLY AGREID, by and betWeen the parties hereto, that the r- ~ ime of each payment shall be an essential part of this contract, and that all yz y ~ j ovenants and agreements herein contafned shall extend to and be obligatory upon ~ f he heirs, executors, administratora and assigns of the respective parties. ~ ~ ~ I~ f ~ ` U ~ ~o~~ 1~7 ~zss~ ~ , - _ _ - ,_u~