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AGit~i'F?~tn'T1T F~C~R DsfsD • ~ ~
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ARTIQ.~3 OF AQR~9~lH~IT ~~nade th3s lst d~}? of April in th~'y~ear of our
I,ord One thousand nine hundred savent~y ~Retxeen Kel3y Conativction -
Comp~ur~r~a Fiorida Grporatian ~party of the first part and C~arlea W
Beall and Miriara S.Beall~hia xife of 2515 CheatBrPield Drive~Fort Pierae~
Florida ~part~y of tha second part.
IeR1NBS3FTHrThat of the said party of the second ~~rt shall first maks tha
paymeats and perfona the covenants hereinaf0er mentined on their par~ to
. be r.~ade and parfonaed~ the said party of the firat pa~rthereby covenant~s
and agrees to convey and aasura the said party of the second par! thai~r
haira~executora~~atnatratora or asaigns~in fee simpl~~clear of ~ en-
cwuberancsa Wha~te~er~exce~pt as hereiru~fEor set out~by a~ood and aufficen~ ~
~ Warranttiy desd~the let~pierae ~f parael sf land situate in the County oS ~
St.Lucie F'lorids~knotim and deaoribed as folloxs~ Ty-~ritt ~
Lot 8~B1ock 2~S~OOND A'JI]ITION~ORANG3 BIASSOM ESTATFsS~St.Lucie County~Fla.
~ as por plat t•hereot ~an fYle in plat t~ookllypage 2~of the public records
1~ of St.Lucie County~Florida.SUBJIDCT To all restriction~~reservations~eas•
emants and protective aovenants of record.
And~the said party o~ the second part hereby covemants end agroes to pa~y
to the said party of the first part the sum of :[wenty. ~o thousand tYve -
hundred Dollars ($22~500.00) xith a drnm pa~nment of one thousand si~c hun-
ared dollars ($1~600.00) in the manner folloxin~• ±
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(Aj7ne thcusand six hundx~ed dollara ($1~600.00) upon the execut~oh of thia
~ 4 agreemeat for deed~the receipt of xhich is hereby aclmowledged:and~
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(B) Ono Nundred fiftyr doll~as ($1~0.00) ger month be~inning on the first
da~y~if May 19T0 and continuing to and vntil the firat day of April 197~s
a Iump sum p~yment o~ ($3d0.00) on December 26~~and for-the next Three
years same amount each Becember 26th. iy-?v
(C)Monthly paymeats~ as hereinafter set out in (B) sha71 include principal
and interest on the unpaid balamce at the rate of 9~6 per-annwn ~Sach in•
stallment shall first be applied in p~yment o£ Ynterest and then on the un•
paid balance of the principal sum. A penal.ty of 5~ xill be charged on p~}nnems
. after 5 da~ys due.
lt is Covenanted and A~reed and understood~as part o~ the consideration here•
E of as folloxs•
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~ I.That there is e~ci.sting a f`lrst mortgage to First Federal Saving~ de I.oan
~ Association of Fort Pierce~I~lorida with a balance of approximate],y $11~~250.00
~ as the same is recorded in the St.Lucie County~Florida public recorda.
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~ 2.That the party of the fl.rst part shall continue to make all of the
monthly payments of principal and interest Wh3.ch m~y become due and p~yable
under the said mortgage deed under this agreement for deedsProvided
hoFrever~the party of the second part hereby reserves the right to at ar~y
time before Aprillst.l971~~to p~ to the party of the first part the cash
~ difference betxeen the existing mortgage the balance due and oweing under
this agreemeat for deed. Upon paymeat of the aforesiad cash difference~
~ ~#';N~~p~.~ the party ofof the second gart~shall be entitled to receive a Warranty
~ t~'~ deed fram the party of the first part~Which said xarranty deed shall con- ~
~ i-' tain a standard mortgage ass~.amption clause wher~y the party of the second ~
~ "T` ! part assumes the existing mortgage bal~ce under the said mortgage.The
~ M~ party o£ the secand part shall also have the fl,i]1 right o~ prepayment in Whole
~ "~f~ y or in part~ avb j ect onZ,y to a~r~y conditions as ma~y be set out in the said
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~t ~ :nortage deed.
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% y; z'~ ~ 0 3.In the event that it should become necessary to institute le~al proceedings .
~ to foreclcse or otherKise enforce this contract~the party of the second par~t :
=i~ ~~a hereby agreea to pa~r all costs of such action,including a reasonable Attorney~s '
o a-
~ ova fee.
~ :ii~nst3~u~a ~ , -
~ ~ ~cftvaQ t • -MtrMOrr od f"F .
t.l~sno~ a,E oM a~ss ~c ~~r ~e~ ~~r~°"e` "+o~°m'
weswurt r~ cw~rER zm2~, oF i~i.
~ ~m •ts koc~rt ~oitw~s, aa~ a~c~t co~ .
~s A~dR for DAMlf.l M. KNO~ 11t ~
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~ ~ T~ ~ S ~0~~89 ~E 560
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