HomeMy WebLinkAbout0271 ARTICLB OF ACRBEMENT -
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MADE thtis 3rd dQy of November , A.O. 19~Z, bet~aen
MAJOR EXCA YATING COMPANI, INC., a F~orida Corporation, party
of the ftirat part and Ed~ard Ko~att 8 Dotores Ko~alt, his ~ife
parties of the eeoond part,
W I T N E S S B T 6
TNAT if the said part ies of the aecond part shatt firat
maks the paymenta and perform ths covsnante hsreinafter mentioned,
on their part to be made and parfor~ad, the aaid party of the
firat part hsreby covenanta and agrsas to convey and asaure to the
said partiea of the second part, thair hairs, esecutors, adminis- ~
tratora or assigns, in fee simpte, clsar of att encumbrancas, b~ ~
~ good and sufficient Deed, the Zot, pisce or parcet of Zand, sitti-
ated in the County of St. Lucie, State of Ftorzda, kno~n and
described as fotlo~s:
Lot 8, Block Z, Creenacres Unit II S/D,
St. Luctie County, Ftorida.
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and the said parties of the second part hereby covenant and agree
to pay to the party of the firat part the sum of fifty-four hundred
ninety-five doZZar~S5495.00 ~ith interest from date at the
~ rate of eight ( 8 X) per annum as fotto~s:
~ Three hundred and
ninety-nine doZtars fS399.00 ) upon the signing ~
of this Agreement, the receipt ~hereof is hereby a~kno~tedged, and
the batance as folto~a: forty-nine doZZars and ninety-five aents
~ !S 49.95 1 per ~ontr a~
` the first day of each month thareafter, beginning~jecember firat , ~
~ 197Z , unttit the ~hole be fully paid. !
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~ Each tinatallment ahaZZ fir8t be apptied on the payment of interest
3 and then on~the unpaid batance of the principat sun?.
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: On any instaZ~ments Which are ~ot naid ~aithin aeven ! 71 days
~ fror~ due date, it is optionaZ ~ith party of the first part to charge ~
; partties of the second part a five dottar (S 5.00 ~
~ pena t t y charge on the Zate pay~+en t.
" Said parties of the second p~rt hereby covenant and agree to pay att
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taxes, assessments or impoaitions that may be Zsgatty Zevied or
rv imposed on said Zand subsequent to the year 19 7L Second par~i,es
aZso agree to pay att cost8, charges and expenses, Zar~yer's fees and ~
titZe searches, reasonably incurred or paid by the first party ;
' because of the faiture of ae~ond par~r:e~ to promptZy and futty compZy
r~ith all conditiona and aovenanta in tkis AgrseRlent. In the event
second partties fail to pay, when dua, any tus~e, assessments, or
~ other aums of monsy payabte by virtus of thtis Agreement, firat party
may pay 8ame r~ithout ~aiving or aff~cting their option to forectose
~ this Agreement, and all such payn+ents ahatl bear in'terest from date
thereof at tha highest rat~ then atto~sd by the Lar~s of the State of ~
=x Ftorida. ;
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- If any sum of money herein rafarred to be not promptty paid :
r~ithin sixty ( 60 ) days next aftsr tha aame b¢comes due, or if ;
each and every one of the agras~nanta, atiputations, conditions and ~
_ covenant8 of this Agreement are not futly perforn~ed, comptied ~ith
~ and abided by, then the entire unpaz"'d balqnce of this Agreement ahaZZ
; forthr~tith and thereaftsr, at tha op'tion of ths firet party, become
due and payabZe and the estats hsrsby creatsd in aecond part~;¢8 ,
- ahatt cease, terminats, and bs nult and void. Furthermors, thie
Agrea~nant shatt, at tha option of th~ part~ of the firet part, ba
_ forfaitad and termi»at~d, and tha partiea of tha second part ahatt
forfeit all paymenta made by Lh~~ on Lhia Contract; and euah par~msnts
- ahalt be retained by the aaid party of the firat part in futt
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