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HomeMy WebLinkAbout0684 f ~ . 2G2;~4 ; ~ L E A S E WHEREAS~ it appearing that ARTHUR MONKS, hereinafter referred to as the party of the first part, is desirous of conveyin~ his interest in certain real pcoperty, better described, to-wit: Lot 4 of. Block 11, of HARMONY HEIGHTS ADDITION #4, as per . plat thereof on fi2e in Plat Hook 9, page 71, public records ~ . of Saint tucie County, Florida. to RILEY ALLEN HAYES and EARLEEN HAYES, hi~ wife, hereinafter . referred to as parties of the second part. ti'HEREAS, the parties of the second part are desirous of obtaining legal title to the above-described property: the following agreement is hereby entered into between the party of the first part and the partie~ of the second part. IT IS HEREBY AGREED that the above-descrit~ed real property = ~hall be conveyed from ARTHUR MONKS as party of the first part to RILEY ALLEN HAYES and EARLEEN HAYES, his wife, as parties o£ the ~econd part, sub iect to the party of the first part reservin~ a life estate unto himself, and retainin~ the right to live on and use the above-described propertp during the term of hi~ natural life. The parties of the second part further agree to live on the premises with the party of the fir~t part and to provide all necessary care and support for the party of the first part, ~o long as he shall live. The effect of this agreement is to create a lifetime lease for ARTHUR biONKS, as party of the first part due and owing him from RILEY ALLEN HAYES and EARLEEN HAYES, his wife, as parties of the ~econd part, so long as ARTHUR MONKS shall live. The creating of this lifetime lease along with its care and support provision~ provide the consideration for ARTHUR MONKS' conveying the above-described real property to the ~189 ~ 6!~$ . ~ - - ~ ~ _ s~:_ ~ - ~ Y . ~ ~~~`"~"~~~.~'`r~~~~~ . - _ ~ ~ ~