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. ARTICLE OF AGREENSNT
NADE this Z~t day of October , a. D. j~t , batutee» '
MAJOR BXCAVATIlVG COMPAIVI, IJVC., a Ftorida Corporation, party
o f the firs t part and Rctymond Yon ta and Caro Zine Yon ta, his r~i fe
part ies of the aQOO»d part, /~n .''~~v 3G.z/ _?s f~c<.~„«
W I T N E S S E T B
;
TIiAT i f ths `aaid part ies o f ~hs aeaond part sha Z t firat
mak~ the paymente and psrform tha oovsnanta hsrsinaftar mentioned, ,
ore tnair part to ba n~ada and parfor~nQd, thQ eaid party of thQ
~ir•st part ':ereby aovenanta and agrsas to aonvsy and aesure to tha
said parties of the seoond part, thQir heirs, executore, adminis-
trators or asaigns, in fse aimpZQ, ataar of aZt en~un?braneas, by
h good and ar~ffici.ent DQed, tha Zot, piece or paresZ of Zand, situ-
atad in the County of St. Luetie, State of FZorida, kr~o~n and
descriLed as fotto~s:
Lot 4, Btoek 3, Unit II, Creenacres S/D
St. Lucie County, Ftorida
and the said parties of ths aeeond part hereby covenant and agrae
to pay to the party of the firat pnrt the aum of five thousand
nir.ety-six doZZara(55096.00 ~sth interest from datQ at ths
rate of eight f 8 xl per annum as fottor~a: Three hund- t
t
ninet~-nine doZtars fS 3~8.00 ) upon the signing
of thzs Agreement, the receipt r~hereof is hereby acknor~tsdged, and
the balance as fotto~s: Forty-n~ne dotlars and ninety-five aants ~
~
_ ( S 48,"95 ) per month on
the first day of each month th~rsafter, beginning Hovember 1, ,
~ 19 7Z , u»ti ~ the ~hote be fuZty paid.
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~ Ectch instattment shatt firet ba appZiad on the payment of interest
` and then on the unpaid balance of tha prin~ipat eum. .
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~ On any instaZtmenta ~hich are rot paid mithin five (S 1 days
i from due date, it is optional ~ith party of the first part to eharge
- parties of the second part a five doZtar ~SS.00 ~
' Tenalty charge on the Zate payment. ~
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; Said ~arties of the second part hereby covenant and agrea to pay att ~
= tases, assessments or impositiona that muy be l~galiy Zevied or ~
; imposed on said Zand subaequent to the year 79yp. Second partig~,
; at8o agree to pay att costa, charges and ezpenses, Zar~yer'a fees and
{ title aearcnes, reasonabty incurred or paid by the ftirst party ?
= because of the faiture of saaored parties to pro~nptly and futty Qompty i
` ~ith alt conditiona and covtnanta in this ~graamewt. In the evant ;
- second part ies fai Z to pay, r~hen dua, arcr~ tassa, assesamsnts, or `
= other sums of money payabte b~ virtue of thie Agreement, first party
= mQy pay sar~e r~ithout r~aiving or affscting their option to forecloss
this Agreement, and att sueh paymente ehatt bear interest from data
thereof at tha highest rata then alloa~ed by the Lar~s af the State of
FZorida.
If any sum of money haretin re;erred to be not promptty paid
- ~ithin thirty (30 ) rlays next aftar the saMe becomes dua, or if
~ each and every one of the agreQn~ante, 8tipulations, conditions and
~ covenants of this Agrasment ars not futly performad, aon~pttied ~ri~h ~
: and abided by, then tha sntire ungaid balanae of this Agreement shatt ~
- forth~ith and thsrsafter, at th~ option of the firet party, baoome 1
due and payabte and tha sstat~ h~r~by areatad in aeaond parties ~
~ shatl eaase, tarminats, artd bs »utl and void. FurtharmorQ, thia
Agreament ahall+ at tha option of th~ party of ths first part, ba
forfQZted and terminat~d, and tho parti68 of tha eeoond part aha~~ ~
~ forfsit att paymenta made Du~thQn~ on this Contraat; and suoh paymants ~
- ahaZt be retained by the aaid partb of the firat part in futt
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~ BooK 1y7 23
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