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ARTICLB OF ACRBSNENT ~
MADE thie 26 day of Octobsr , A. D. 19 7~ bet~een ~
MAJOR EXCAVATING CONPANI', IIVC., a Ftorida Corporation, party
of th~ firat part and ~anat B. Whits
party of ths eQOOnd part, 2/.2 G;.~•~-•`~•.,w~ ~-/~.~e.~.ce~ ~14...
V I T H E S S 8' T H
THAT if thQ said par#~ of tha aaaond part shatt firat
~ak~ the pa~menta ~nd p~r~^~ :ks oovaKanta hareinaftsr menttionsd,
on thsir part to bs ~nads arid psrfor~~d, th~ aaid party of ths
firat part har~by covananta and agrssa to convsy and assure to tha
said party of ths sscond part, thsir hairs, Qxeautors, aci~ninis- ;
trators or as8igns, in fss sin~ptt, cl~ar of att sncun~brancas, by ;
~ good and eufficiant D~Qd, tha Zot, piaae or paresZ of Zand, sita- ;
ated in the County of St. LuciQ, Stats of Ftorida, knor~n and ~
de8cribed as foZto~a:
Lot 7, Btock 4, GrsQn Acrge , Uni.t 2`0~o S/D, as raoordQd
in the pubtic revords of St. Luaia, Courety, Ftorida
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and the said party of tha esaond part hereby covsnant and agree i
to pay to the party of the firet part ths au~n of Four Thaksa~d ~'ight
8undred Ninety Sti# $ 4896.00 1, ~ith intersst from dat~ at th~
2`Qt6 of Bight=a:a::s:s~a ( 8 Xi~ p~l'~ annu~n a8 fOZZOLIB:
!S 99.00 1 upon tha signing t
of this Agreen~ent, the receipt ~hsreof tis hQraby ackno~tedged, and
the batarece as folto~a:
(s 49.95 1 psr month on
; the fir8t day of each month th~rQaftar, beginning ~r 1 ,
~ 19 ~I , unti Z the r~ho Ze be fu Z Zy paid. pE ~~'''~Q~~ ~
i
~ Each inataZZn~snt shatl first be apptiad on the p~~ment of int~res
` and then on the unpaid batance of tha prtinaipat su~.
f ^n any instatlments ~hich are rot paid r~ithin eeven ( 7J daya
; from due date, it is optionat ~ith party of the first part to charge
' party of the second part a Zate ohargs S.DO 1
~ ~enattb charge on the Zate payment.
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? Said part~ of the second part hereby covenant and agree to pay att
; taxea, asseasments or imposittions that may be Zsgatty tevied or
> imposed on said Zand sub8equent to ths yaar 19~0. Sscond party
~ at8o agree to pay aZl coata, chargQe and expenses, Zaraber's fees and
~ titte searcnes, reasonabty incurrad or paid by the fir8t party
~ becausa of tha failura of sacond party to pron~ptt~ and fulty cor~pty
- r~ith att conditiona and oovsnante in this Agras~newt. In thQ avQnt
: eeaond party fail to pay, mh~n d4~, an~ tar~a, asses8~nsnts, or
~ othar aulna of monay pa~abts by vsrtus of thia Agreemant, firat party
= may pa~ same r~ithout ~aivsng or aff~ating thQir optiori Lo forecZosQ
~ thtis Agreen?ent, and att such paym~nta ahatt bear intersat from data j
t theraof at tha highest rata than aZZoa~Qd by the Lar~a of tha State of
Ftorida.
y'
~ I f any su?n c f nronsy harain r~fsrrsd to b• not proe~ptty paid
r~ithin Thirty ! 301 daya nest aft~r ths aam~r bsao?~ae duQ, or if
- each and avery one of =hQ agraQ~nsnta, atiputationa, conditions and
` cova»ants of tkia Agrasment ar~ not rulty psrforn~~d, co~plied ~ith ;
3 and abided by, thQn thQ Qntir~ urcpaid balanos of ~h~s Agrssn?ent ahatZ
forth~tith and therQaftsr, at Lhs option of th~ firat party, baoon~e
_ due and payabZQ and ths aatats h~r~by oraat~d i» sQaond part ,
ahatt asasa, terminat~, and bs nutt and void. Furthar,nors, thia
Agr~sn~~nt ahalt, at thQ option of th• part~ of tha firat part, ba
forfsstsd and t~r~ainat~d, aKd th• part b of tha saooRd part ahalt
- forf~it at t paymsnta r~ads by th~w on thia Contract; ared auch pab~ns»ts
ahaZZ ba rstain~d bb ths aaid party of tha firat part in fatl
~ sonK 197 ~ 7~ ,
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