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~UE Otl CU1SS 'C' INTANUIBIE PERSONAL PROPERiY~
PUi:SLAtIT TO CliM1ER 2072~, ACiS OF 1941.
~,8l~3rj s~ FOG:R POITRAS, Cletl? Circuit Coutt
as llgent to~ DANIEL N. KNOWLES, 1R
SL lucie County Tax Cellector
ARTICLE OF ACREEMENT By ~~s
OEPUIY CLERK
MADE this 23 dcty o f Oc tober , A. D. 197 Z, be tr~een ~
MAJOR EXCAYATING COMPAh'Y, INC., cr Floricia Corporation, party
of the first part anci Fred A. Knose 6 Donna Knose, his .~ife
parties of the second part,
W I T N E S S E T B
THAT if the said parties of the aecond part shatl first
maks the payments and perforn? tha covertants herei.nafter mentioned,
on their part to be made and psrformed, the 8aid party of the
first part hereby covena~ta and agrses to convey and assure to the
said parties of the aecond part, their hairs, executors, admtinis-
tra~tors or assigns, in fee simpta, claar of att encumbrances, by
a good and sufficient Deed, the Zot, piece or parceZ of Zand, situ-
ated in the County of St. Lucie, State of Florzda, kno~re and
~ described as fot tor~8:
~
_
s
Lot Block 1, Greenacres
~ Unit II S/P, St. Lucie
County, Ftorida
,y
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$ and the said partties of the second part hereby covenant and agree
a to pay to the garty of the first part ~he sum of forty-eight hundred
' & nznety-six dotta~j 4896.00 r~it~i" inter~¢at from date at the
~ rate o ei ht ( 8 x)
f 9 per 1znS~um'ae feltot~s:
One hundred doZtars ($Z~0.00 ) upon the signing
of this Agreement, the receipt r~hereof is hereby ackno~atedged, and
the batanee as fotto~as: forty-nine dottars and
ninety-five cents 49.95 ) per month on
- the first day of each month thereafter, begtinning December Zst ,
- 197Z , untit the ~hote be fulty paid.
Each installment shatl firet be apptied on the payment of interest
_ and then on the unpaid batance of the principat sum.
On anu instal Zments ~.~hich are ~ot paid r~ithin seven ( 7 1 daus
°ro?~ due date, i t is optionaZ r~ith parta o;' the first part to charge
' ~arties of the second part a five doltar (S 5.00 I
° ~enclty :rarge on the Zate payment.
_ Said Farties of the second part herehy covenant and agree to pay atl
tuxes, assessments or impositiorc8 that mar~ be legat ly Zevied or
= imposed on said Zand subsequent to the year 197Z, Second parties
~lso aqree to pau atl costs, charges and expenses, lawyer's fees and
title searcnes, reasonabtu ineurred or paid.~y the first party
- because of the failure of second parties to promptly and fully compty
_ ;aith att conditions ared covenant8 in this Agreeme~tt. In the event
= second parties fait to pay, r~hen dua, any tatas, assessments, or
= other sum8 of money payabte by virtue of this Agreement, firat party
may gay same ~ithout rvaiving or affecting their option to forecZose
= this Rgreement, and aZt such paymente 8halt bear interest from date
, thereof at the .highest rata then attor~ed by the La~a of the State of
" Ftorida.
: If any sum Q~' money herein referred to be nat promptty pQid
= r~ithin sixty l 60 ) days next after the same becomes due, or i f
eaclt ar.d every one of the agreements, atiputatiores, conditions arcd
= covenants of this Agreement are not futty performed, complied r~ith i
- and abided by, then the enttire unpaid batance of this Agreement shalt ~
forth~ith and thereafter, at the option of the first party, beeo?ne '
= due and payable and the eatate hereby created in 8econd partLeB ,
= shall cease, terminate, and be nutt and void. Furthermore, this
° Agreement shatl, at the optiorc of the party of the firat part, be
forfeited and terminattd, and the part ie8 of the seeond part ahaZt
_ forfeit att payments made by thenr on this Contract; and such pay?nents
shall be retQined by the said party of the firat part in futl
eoox ~.y~ ~ac~2~74
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