HomeMy WebLinkAbout0326 ARTICLE OF AGREEM.ENT 22~~05
MADE this 11 th ;~QU o f December ~ q, 1 0 71~ be tr~een
~~fAJOF' EXCAVATIN: COMPANY, INC., a Flori~.a Cornoration, party
o r the ~'ira t part anri CNARLES R. KELLER AND JbAN A. KELLER, Nis ~i fe
narties ~f the second tiart. 213 Am~ Lane, Ft. Pierce, FL 33450
f? : T E S S E T B
"'HAi i; the ~aid ~art tiea nf the R6COst~ part shaZZ first
maks the payments and perform the covenants hereinafter mentioned,
on their part to be made and performed, the said party o; the
first part hereby covenants anu' a~rees to convey and assure to the
said part ies of the second part, their heirs, executors, adminis-
trators or assigns, in fee simpte, ctear o,,'' atl encumbrances, by -
a good and sufficient Deed, the Zot, piece or narcel of Zand, situ-
ate,:~ in the County o° St. Lucie, ,St~te cf z'Zoriaa, knor~n and
descri~ed as folto~.?s:
Lot 7, EZock 3, Greer.~cres Unit II S;'D
St. Lucie County, Ftorida
and tne said part ies of the ~econd part here~u covenant and agree
to pay to the party oJ' the ''irst part the sum of forty nine hundred
ninety-five doZZarsY$ 4995.00 LL~ith interest from date at the
rate of eight ( 8~) per annum as ~'ot lor~s:
~Vinety-nine doZtars (599.00 ) upon the signinq
of this Agreement, the receipt ~.~hereof is herehu acknoa~ledged, and
„ '
ihe DQ'LQ1tC~ us j u a au~%~ :
Forty-nine dottars
and ninety-five cents tS49.95 ) per month on
~ the firstday of each month thereafter, beginnin~ February 1 ,
~ 19 72 , untti-Z the r~hote ~e fu Z Zy paid.
` Each instaltment shatl first be ap~Zied on the pay?nent o,° interest
~ and then on the unpaid batance of the prir.eipaZ sum.
~
- ~n an~~ installments ~hicn are not ~a~d ;vithin five l5 1 daus
~ °rc~r due date, ~t zs o~tional ~;ith nart~ t'?:e .'irst part to charge
; ,;~r~ ies o,° tjte secor. ; part a five dottar 5.00 1
4 Ten.~?ty c%:arqe on the Zate paur~Pnt.
~ -
~ .Said ^art ies of the secon~? r,~zrt nere'~~. covenant anct agree to pay alt
~ taxes, assessments or impositions tkat mac~ ~e Zeaatla Zevied or
~ ir^~osed on said Zand su~~sequent to the uear 1? 71. Seeond part
3 aZso agree to Yau atl costs, char?es an.d ex; enses, Za:ruer's ;ees and
~ title searc::es, rea~ona~ll ~r.cz~rrec or pai~' ~u the first party
beeause of the fai Zure of secortd part ies to prompt l~ and fuZZy eomply
~ ;~ith att conditions and covenants in this A~reemestt. In the event
~ second parfLes fait to pau, when due, any tates, assessments, or
~ otner sums o,° morcey payabte bu virtue o; this Agreement, first party
- ma~ pay sa?~e ~itnout r~aiving or aJ,*"ecting iheir opti~~ j~r~c~~~a
; this Aoreement, and aZt such pauments shatt bear interest from date
thereof at the hignest rate then atlor~ed ba the Lar~s of the State of
:3 .
= Ftori~a.
If any sum ef money herein re~ erred to be not pronrptly naid
raithin thirty ( 30 ) days next a;'ter the same becomes due, or if
eue'rc and every one of the aqreements, stiputations, eonditiorts and
~oven~znts o; this Agreement are not fully performed, compZied ~ith
- ar.d aoi~'ed by, then the entire unpaid batance of this Agreement shall
forth~ith and therea~ter, at the option of the first part~a, become
- due and payabte and the estate hereby created in second parties ,
shalt cease, terminate, and be nult and void. Furthermore, this
Agreement shatt, at the option of the party of the first part, be
forfeited and terminated, and the partiea of the second part ahatl
>s; forfeit att payments made by them on tnis Contract; and such payments
shalt be retained by the said party of the first part in fult
- eo~K1y~ ~A~E ~~6
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