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ARTICLE OF AGRBSNEIVT +~~~8 ~
MADE thtis 16th day of Aovember, A. D. 1972 , bat~Q~n ~
MAJOR EXCAYATIA?G COMP.4AY IA1C. a Ftorida Corporation, party
of the firat part and ~o~n J. ~tack~aood and 8etenr B. Staok~ood '
port i~a of ~ths sQCOnd part, ~
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i?I T HESS~T B ~
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TI{AT i f ths satid parti~a o f tha ascond part sha Z Z firat
~ak~ ths paymanta and perfor+R the Qovananta hQr~i»aftar mQntionsd, ~
on thsir part to be nrade and p~rfo~~r~d, thQ said party of tha ~
first part hereby aovenanta and agraaa to convsy and asaura to tha i
said partiea of ths esaond part, their haira, es4cutors, admi.nis- ~
~tratoi~e or asaigns, in fes aimpte, ataar of att encu~nbranaas, by
~ good and aufficient D~ed, thQ Zot, piacs .or paroal of Zand, sit~e-
ated in the County of St. Lucia, Stats of Ftorida, knor~n and
described as follor~a: s
Lot Block 3, Grsenaores Unit II S/D 1
St. Lucie County, FZorida
207 Amy Lane, Ft. Pierce, FL 33450
and the said parties of tha escond gart hsreby ooven~nt and agrae
to pay to the partb of the firet part tha eum of f¢rty ntine hundred
ninety five doltare($ 4995.00 ~;th intersst from dats at th~
~ rate of eight ( 8 x) p~r annunr ae fot Zo~vB:
ninety-nine doZZars (S 99.00 ) upon the aigning
of thia Agreefient, the receipt ~hersof is hsreby aakno~ledged, and
the baZance as foZZoras: forty-nine dottura and
~ ntinety-five cents
' (S 49.95 J psr ~onth on
; the fir8t day of eueh fionth thsrsaft~r, beginning January I ,
; 19 71 , until the ~hote be futty paid.
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; Eaah in8ta~tmar.t ahaZt first be appliad on the paynrent of interest
and then or~ the unpaid batance of th~¢ prinaipal su~.
On any instailments r~hich are not paid ruithin five ( S) days
fx~om due date, it tis optional u~ith party of the~firat part to aharge
partiee of the second part a five dattar 5.00 )
penu,tty charge on the late payrrtent.
Said parties af the aecond part hereby covenctnt and agrae to pay alt
taxes, assessments or impositiona that may be Zsgatty Zevied or
ir~posed on said land subaequent to ths yQar 19 ~1 Second parties
also agree to pay att costa, chargee and espef:ses, Zar~yer'a fees and
titte searches, reasonabZy incurrad or paid by the first party
because of the failurs of sacond part ies to pron~ptly and fulty Qompty
~ith att conditiona and covsnanta i» thtis Agrasn+ent. In ths avsnt
second parties fai Z to pay, e~han dus, any tasse, aasessr~anta, or
other aums of r~oney payabte by vtirtus of this Agraement, firat par~y
may pay 8ame Without r~aiving or affQ~ting th~ir optio» to forectosa
this Agreem~nt, and all such pQymenta 8hall bear intareat fron~ dats
thereof at thQ highest rata thsn atto~ad by the La~a of the State of
FZorida.
I f any sum o f n~onab harain rs fQrrsd to be not pro~npt Zy paid
z~ithi» Th~rty (30 ) days naxt aftar tha sa?ns be~omsa dua, or if
ea~h and every one of the agraam~nta, atipulation8, conditions and
aovanaxt8 of thia AgrQe~nent ars not futty performad, con?pli.ed r~i~h
and abided hy, then tha antire unpaid balareoe of thia Agreement shalt ;
forthtiith and theraaftsr, a~ tht option of tha firat party, bQCO?ne ~
d~se and.payabla a~d tha ~atats htr~by oraatad in second part tes,
ahatt aeasa, tsr~ninats, and bs nxtt and void. FurthQr~nora, thie
Agreamant shatt, at tha option of tl~~ part~ of tha firat part, ba
forfetitsd and tarnrinat~d, and ths parties of tha sQOOnd part abatt
forfsi.~ ;R~Z~ pQymsnta made by th~r~n on thia Contract; and euch pa~msnts
shall be r~tainsd b~ thQ aaid party of th~ firat part in fut t ~
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s00K ~ 7 YACE ,~Q
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