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Home My WebLink About2739 ~18?31 A RTICLE OF AGREEMENT MADE this ~ day of ~ctober , A. D. 19 betraean MAJOR EXCA VATING COMPANY, IHC., a Ftortida Corporation, party of the firat part and Ratph L. Mitter and Rosanna Mitter, his r~ife parties of the second part, N I T N E S S E T 8 iHAT if the suid parties of the aecond part ahatt firat maks the payments and perform the covenanta hereinafter menttioned, on their part to be made and perforMed, the said party of the first part hereby covenants and agreas to convey and assure to the said parties of the second part, their heirs, executors, adminis- trators or assigns, in fee stimpte, ctear of alt encumbrances, by a gond and sufficient Deed, the Zot, piece or parcet of tand, sitec- ated in the County o; St. Lucie, State of Ftorida, knor~n and ~ deseribad as fotto~s: i ~ ; Lot 3, Block 4, Greenacres Unit II S/P f St. L~cis County, Ftorida ~ j and the said parties of the second part hereby covenant and agree z to pay to the party of the first part the sum of forty-eight hundred ° ninety-six doltars(54896.00 r~ith interest from date at the ~ rate of eight ( 8 x) per annu~n as fot tor~s: ; Ninety-nine dotlars (599.00 1 upon the stigning ~ of thia Agreement, the receipt ~hereof tis hereby acknowledged, and ~ Lhe batance as foZtor~s: Forty-nine dottars * and ninety-five cents (549.95 ) per month on _ the firet day of each month thareafter, beginning Novem~er Z , 19~1 , untit the ~hoZe be futty paid. LL - ~ Eaeh installment shaZZ first be apptied on the payment of interest ~ and then on the unpaid batance of the prineipat eum. Y ~n anu installments ~hich are t~ot Faid r~ithin five f5 1 days ~rom due cate, it is ontionai With partu of the rirst part to cnarge - ;:~r*ies of the second part a five dollar (S 5.00 1 renaZty c%:arae on the Zate pa~rnent. .Said parties of the second part hereby covenant and agree to pa~ aZZ ``r~ taxes, assessments or impositians that mau be Zagatly Zevied or im~osed on said Zand subsequent to the year 197~. Second partoes ;'j also agree to pau atl coats, charges and, e~penses, Zar~yer's fees and ` ti~le searenes, reasonabt~ incurred or paid by the first party because of the failure of seeond parties to promptty and futty eomply ;~ith all condtitions and covenants in this Agreement. In the event second purties fai Z to pay, r~hen due, any tasas, assessments, or otner su~s o; money payable by virtue of this Agreement, first party ma~ pay san~e r~ithout c~aiving or affecting thetir option to forecZose - t%is Aqreement, and aZt such payments ahaZl bear interest from date thereof at the highest rata then allo~ed by the La~s of the State of = Florida. If any sum o''money herein referred to be not promptty paid ~ithin thirty ( 3G1 days next after the eame becomes due, or if = each and every one of the agreementa, atipulations, conditions and - covenants of this Agreement are not futly performed, eomptied r~ith and abided ~u, then the entire unpaid balarcce of this Agreement shall - ~orth~ith and thereafter, at the option of the first party, beeome = due and payable and the estate hereby created in aecond par~:es , shall cease, terminate, and be nult and void. Furthermore, this ~greement shatt, at tha option of ths party of the first part, be - fprfeited and terminat~d, and the parties of the second part ahaZt ~'orfeit at Z payfients made b~ thern on this Contract; and such payments = shalt be retained by the aaid party of the fir8t part in futt _ . ` ~ p ~ eooK ~96 P,~c~ 2735 r =3 . - . . ~ . . . . . . . . . ~ . ,