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~n.«s~'~ ' ARTICLE OF ACRESPlLNT
~,rs~ ~s
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pEp~ly CIERK
AIAD~ this Z2th day of November , A. D. 29~1 , bet~esn ~K
MAJOR EXCAYATIIYG COMPAHI, IHC., a Ftorida Corporattion, party
of ths firat part and Sharon Ann Monroe
p ar t,y o f th~ e v cond par t, ~/S ~x~- ~l~ .
V I T H E S S 8 T H
TdAT if the aaid party of tha escond part shatt firat
ntak~ tha paymente and pQrfor~ thQ Qov~nartta hereinaftar mentioned, `
on thsir part to bo mad~ and p~rfor~~d, tha aaid pcrty of the
firat part hsreby oovanants and agr~~e to convey a»d assurs to thQ ;
eaid part ~ of the aeaond part, thsir hsirs, exe~utore, adfiinis-
trator8 or aseigna, in faa aimpts, ctaar of att encun~brancas, by
~ good ared sufficient DQad, tles Zot, pia~e or paresZ of Zand, stit~-
ated zn the County of St. Lucie, State of Ftorida, knor~n and
described as follo~a:
Lot 8, Btbtrk 3, Greenacres Unit II S/D
St. Lucie County, Ftorida
and the aaid part ~ of the s~aond part hereby covertant and agree
to pay to the party of Lhe firat part the suM of fifty-four h~ndred
nznety-five doZtar~g 5495.00~ j, r~ith interest from date at the
rate of ~ight ( 8~) per ann~m as follo~s:
Three hundred and
ninety-nine dottars (S 399.00 ) upon the 8igning ~
of this Agreement, the receipt ~hereof is hereby ackno~tedged, and
the baZance as foZZor~s: Forty-nine dottars
and
,
ninety-five centa (S49.S5 1 per month on~
the fir8~ day of each month tA~rsaftar, beginning 1~ ,
19 , ureti Z the r~ho te be fu Z ty paid. ~u'~r
Each inatattmant ahalt first be appliad on the payn?ent of interest
and then on the unpaid batancs of the principal sum.
On any instattnrents ~hich are not paid ~ithin fiue l5 1 daus
from due date, it is optional ~vith party of the first part to charge
party oF the second part a five doZlar (55.00 I
penatty ci:arge on the Zate payment.
Said part y of the 8econd part hereby covenant and agree to pcty att
taxes, assessments or impoaitiona that may be Ztgatty Zevied or
ir~poeed on said Zand subsequent to th~ year 1971._ Second part
also agree to pau att coat8, charges and exgenses, ~rayer's feea and
titZe searcnes, reasonabtu tincurrad or paid by the ftirst party
because of tha faiture of sscond party to promptly and futty compty
~ith atZ aonditione and covsnante in this Agrssn~ent. In the event
second part~ fcit to pay, mhsn dus, an~ tas~e, asse~ar~snts, or
othsr su?~a of n~onay payabte by vtirtue of this Agreenrent, f~rat party
may pay same ~ithout maiving or affsating thsir option to forectose
th~a Agreement, and alt such paymsnta BhatL bear interest from date
thereof at tha highest ratQ thsn atlo~ad by the La~e of the State of
Florida.
If any sum of ~noney heretin refarrsd to be n~t promptly paid
r~tithin thirty f30 1 days nsxt aftsr LhQ same b¢comes due, or if
each and every one of the agrea~nsnts, attiputattiona, conditions and
covenants of thia Agreamsnt ars not futly performed, comptied raith
and abided by, then the antira unpaid batance of thi8 Agresment ahatl
forth~ith and thersa ft~r, at thQ option of ths first party, beaome
due and payabte and tha sstats hsreby ereated in $e~ond part ,
ahall cease, ter~?inate, and be nuZZ and void. Furthsrmors, thia
AgreQ~,ent ahaLt, at tha option of ths part~ of tha firat part, be
forfeitad and termtinat~d, and ths party of the second part •haZZ
forfeit att payments ?nade by Lhan~ on thia Contract; and suah pctymenta
shatt be retained by the aaid party of the firat part tin fuZt
~00~197 ~~~t 583 ~