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ARTICLES OF AGREEMENT - Page 2. 1
be made. In addition, if payments are not received
by the 15th of the month when due, interest at the
highest legal rate shall be computed from the date ,
of the last payment made by Second Parties through ~
the date the arrearage is rectified. ~
The monthly payment of $130.00 is computed upon the fol-
lowing premise: Pria~cipal and interest $113.95; homeowners in- :
surance policy premium $4.75 per month; FHA insurance premium '
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$4.64; City and County taxes $6.66. ~
First Parties agree to utilize so much of the $130.00
monthly payments as is necessary to pay ttie real estate taxes
and insurance premium due thereon each year. ~
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First Parties will give Second Parties an annual statement
no later than February 15 of each year, showing the amount cre-
dited to principal, interest, taxes and insurance from payment ~
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; made during the previous calendar year by Second Parties. ~
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Second Parties agree to pay all costs connected with the
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! recording of this agreeraent, which is to be reeorded no later than
' December 31, 1971, in order for Second Parties to be entitled to
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~ receive homestead exemption in the coming year, to keep the real
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~ estate taxes to a minimum.
! Second Parties agree to pay when due all assessments which
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! may be i.mposed against the property for any type of improvements
' made by any public body which result in an assessment being im-
posed against the property.
Second Parties have the option to transfer this contract
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to any other party with or without consent of First Parties.
Furthermore, Second Parties are given the option to prepay this
contract upon payment to First Parties of a 5% premium for pre-
payment.
Second Parties agree to pay all costs, charges and ex-
LAW OFFICBd
WtLLE3. BiTI'AN ~ WiLIES U R 1y~ PAGE ~OV #
P. o. .ox so~ BOOK s
FORT PIERCE. FLORIDA i34ap ~