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E(:EIVC^ i~~~~- IH PA~AAENT OF TAXE~-
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Ait'f 1~0 Gn~?T R~:072i, AG(~S OF 1g41,PER1Y. ~ 2Q033'7
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as 1~;^~t t:i . L N. K„~W! ES, 1R `
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6r c~?_~;~ c~FyK ARTICLES OF AGREBMEPiT
~ Made this day of , in the
j~
year of our Lord, one thousand nine hundred and seventy.
BETW~SR ELIZABSTH C. NBITZMAN, a single adult, party of the first
part and JACK J. DS BRYN$ and ESTHBR B. DE BRYNE, his wife, parties of the
~ second part,
WITNESSh'~4i, That if the said parties of the second part shs11 first
make the payments and perform the covenants hereinafter mentioned on their part
to be made and performed, the said party 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 simple, cZear of all incumbrances
whatever, by a good and sufficient deed, the lot, piece or parcel of land,.
~?~+r•!?t'~~~':tt~, situated in the County of St. Lucie, State of Florida, knoxn arid described as
~ = ~ ~ follovs, to vit: ~
~
~ The Southerly hs~lf oP Lot 17 and northerly
_ f --N~ half of Lot 18, Blockl7, PINL~i00D SUBDIVISIOH,
~.~p accor d ing to t
he p la
t t
hereo f recor de d in P
la
t
= ~•`'Y~, Book 5, Psge 2k, Public Records of St. Lucie
y ZI'~o~~ County, Florida. ~
~ ~
N o M and the said parties of the second part hereby covenant snd agree to pay to the '
a' said party of the first part the sum of Sixteen Thousand F`ive Hundred and No/100 ~ ~
_ C~ o a ~
!)c:ItI1~~I111~z ~llars, in the mauner follosr3.ng:
Trro Thousand Dollars this date paid, receipt of which is hereby
~!N~O~ acknovledged snd the balance of $14,500.00 to be paid monthly beginning
3!~ill'1S December 1, 1970, snd on the first d~y of each successive month thereaPter until
the vhole sum shall be flilly paid or until the sum of $6,000.00 has beel psid,
chever is sooner, whereupon a T~larranty Deed irill be executed and del•ivered
the seller; during the period abovesaid, the seller is to keep up the first
ortgage pe~yments in the absence of vhich the purchasers shall have the right to
e the said payments deducting the amount oY the same from the monthly mortgag
~ installments and in turn, the balance to be paid; upon exe~cise.of demand for
deed upon the pqyment oY $6,000.00, the purchasers shall eaecute a second
~ ortgage for the balsace then o~ring on the contract and the p~yments on the said
~ second mortgage to be the difference betxeen the amount of the first mortgage
~ ~rment and $135-~ ~d providing the first mortgage p~yments shall be made vith
~ the said diYference p~yable tovard the balance unpaid on the second mprtgsge;
he privilege oY prepa`yment granted to the purcbasers xith interest of 7~ under
` his contract and subsequent sums o~red an the second mortgage af'ter assumption
f the first mortgsge vith the total-pakyment at no time ezceeding $135.00 on
his contr~ct and/or first and second mortgage as the condition me~y be; aad to
sy all taxes, assessments or impositions tha~ mqy be legal].y levied or imposed
pon said lsad subsequent to the year 1970, and to keep the buildings upon said
remises insured in some company satisfactory to the party of the Pirst part, an
a4Yable Yor the parties, respective~y as their interests may appear, in a sum no
ess thaa the aggregate unpaid balance from time to time owiag during the term o
his agreement. And in case of failure of the said parties of the second part t
~ e any of the peyments or aqy part thereof, or to perform aqy of the covensnts
v-~ n their part hereby made and entered into, tbis contract sball, at the option o
~ ~ he-party of the first part, be forYeited aad terminated, aad the parties of the
~ r econd part shall forYeit all payments made by them on this contract; and such
~ ~ ymeats shall be retained by the said party of the first part in f1i11 satisfact n
~ ~ d liquidation of all de~ages by her sustaf.ned, and the said party of the first
w n~~ art shall bave the right to re-enter sad ta1~e possession of the premises
~ o oresa3d without bein g liable to a
n
y action therefor.
~s~~
~ IT IS 1~iU'PUALLY AGRESD, by and between the parties hereto, that the
• ac ime of each payment sha11 be aa essential part of thia.contract, and that all
~~*~g' ovenaats and agreements herein contained shall extend to attd be obligatory upon .
,'d ~ he heira, e~cecutors, administsators and assi~s oP the respective parties.
188 ~ ~87 ~o~ 187 ~2~~8
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