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ARTICLE OF ACRSBNENT ,
MADE this 13th day of Oatober , A. D. 19~j , batr~Q~n ~ ~
HAJOR ~XCAVATIXC COAIPAHI, IAC., a Florsda Corporation, party '
of th~r firat part and B.J.Banktins d Cora 8.8ankin8, his ~ifQ ~
partLtB of the 8soond pcrt,
W I T N S S S 8 T 8
TeAT if ths said partties of ths sseond part 8hatt fir8t
~nak~ the paymente and psrforia th~ covanants harsinaftar n~e»tionad,
on thair part to bQ mads and p~rforn~~d, tha sasd party of th~
first part hsreby aovenanta and agr~~s to aonvsy and assura to tha
said partiea of th~r seoo~d part, thair hQirs, 4sacutors, adminis-
trators or assigna, in fes simpts, ot~ar of aZt enou~nbrances, b~
h good ctnd auffieiant DQed, tha Zot, pisce or parosZ of tand, sitti-
at~d ~n the County of St. Lucie, Stats of Ftorida, knor~n and
descrf.bsd as fotto~a:
Lot Bloak 2, Unit II, Greenaarse S/D
St. Luaie County, Florida
12 2 Amy Lane, Ft. Pierce, FL 33450
and the aaid parties of tha ~eaond part hQrebb aovsnant and agree
to pay to the party of the first part thQ au~n of forty-ei.ght hundred
ninaty-ast dottars f$4896.00 1, r~ith tintareat fro»? datQ at ths
rti~e o f e%gh t ( 8~) p~r annun~ aa ,fo Z Zo~e :
lVine ty-nine do Z Zars
99.00 ) ~upors the aigning
of thia Agreement, thQ receipt r~her~of is haraby acknowtedgad, and
the balunae as foZZo~a: Porty nine doltar8 and
' ninety-~(ive cents (549.95 ) par month on
' the firat day of each n~onth thsr~aftar, beginning Aove~nber Z , ;
1971 , uretil the ~hots bs futly paid.
Each inatattmant 8hatt firat be apptiad on the payment of interast
and then on the unpatd batanae of thQ prinaipal sum. ;
I
On any inata~Zments ~hich are not paid r~ithin five ( S) days
from due date, it tis optionat ~ith party of the firat part to charge ;
partims of the second part a,five dotlar 5.00 )
p¢Katty charge on the tate puyrrtent.
Said parties of the aecond part hereby ~ovenant and agres to pay alt
taxes, assessments or impositioas that may he Ztgatty Zevied or ~
im~osed on aaid Zand subeQquent to the yaar 2970. Second parties ~
atso agree ~a pay att Qosta, aharges and erpeneea, Zar~~er's feas and
titte searches, reaso~ably incurred or paid by the first party
becauas of tha fciZu~a of aecond partiQa to pron~ptly arid futly oomply
~ith att coxditions and aovsnanta in this AQr~s~newt. In tha avant
aeaond partiea fait to pay, u~hen du~, any tarsa, aasesamants, or
othar aume of ?nonsy pa}~abte by virtuQ of thia AgraemQnt, ftirst party
may pay same Withor~t r~aiving or affacting th~ir option to foractos~
this Agreament, and at l euah pay~rrsnte ahat t baar iretQrest from datQ ~
thereof at th~ highsst rata then allor~ad by th~ Lar~s of tha Stata of ~
Ftorida. ~
?
~
If any 8un~ of money harain rsfsrrsc~ to ba not p~omptty paid ~
~aithin thirty ( 30) daya nsxt aftar tha sa~?a bscomQa d~Q, or if ~
ect~h and Qvery one of thQ agr~amanta, atiputations,.aondittione and
cov~nants of this AgrQemsnt ars not fulty psrfor~~d, aor~plisd ~atith
~nd abided by, than tha vntirQ unpaid batanas of this Agraemant shatt
fortlr~ith and tharaaftsr, at ths option of th~ first Party, bQOOma
due and payabta and th~ aetat~ h~rsby oraat~d in eQCOred partiee ,
shatl cauea, tQrarinat~, and bs nutt axd void. FurthQrmors, tbis
AgrQamQnt ehall, at ths optson of th• ,~arty of thQ f~rat part, ba
forfQitad a»d ~~tQrmi»atid, and ths partzee of th~ aQaond part thalt
forfQit att ~i~$j~~nsnte ~ncds by th~r~n on thia Co~tract; and auoh paymants
shQZZ be rstainsd by t'h~ aaid party of tha firat part in futt ~
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goo~ ~97 752 ;