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ARTICLE OF ACREEMENT ~~.~~Qs
MADE thtis 24th dQy of November , A.D. 1971, bet~een
MAJOR EXCA VATING COMPANY, INC., a Ftorida Corporation, party
of Lhe first part and JONN I. NRI?'Z SR. ~ SALLY J. NRITZ, his u~i fe
part te3of the aeaond part, (206 Am~ Lane, Ft. Pierce, FL 33950)
W I T N E S S E T 8
TflAT if the said part ZeBOf the second part ahatl first
maks the payments and perfor?n the covenants hereinafter mentioned,
on their part to be made and performed, the said party of the
first part hereby covenanta and agreas to convey and assure to the
said part iesof the ascond part, their hetirs, executors, adminis-
trators or asaigns, in fee simpts, ctear of aZt encumbrances, by
a good and eufficient Deed, the Lot, piece or parceZ of Zand, situ-
ated tin the County of St. Lucie, State of Florzda, knor~n and
described as fot tor~s:
Lot 4, Btock 4, Creenacres Unit II S!D
St. Lucie County, Ftorids
(206 Amy Lane, Ft. Pierce, FL 33450)
and the said partiesof the eeco~ed part hereby covenant and agree
to pay to the party of the first part the sum of forty nine hundred
ninety-five doZZars(S 4995.00 ~ith interest from date at the
rate of eight ( 8 x1 per annum as fottor~s:
Ninety-nine
dottars (S =99.00 1 upon the signing
of thtis Agreement, the receipt r~hereof is hereby acknor~ledged, and
tho 3,~1~„~o nc fnl l_nr.~a ~ fortv-nino_ r~nZl.Rrs
r • v ~ r . . ~ ~ ~ ~ ~ ~ . _ _ - . ~ J
and
ninety-five cents(549.95 ) per month on
the first day of each month thereafter, beginning Januar~ 1 ~
~ 19 72 , until the ~hote be fully paid.
E
~ Each instatlment ahatt first be apptied on the payment of interest
~ and then on the unpaid baZance of the principal sum.
~
~
~ On any instattments ~,~hich are not Faid r~ithin five ( S 1 days
~ fr~m due date, it is optionaZ r~ith partu o; the ; irst part to charge
~ par~ies o° the second part a five dottar ~55.00 ~
~ nena~.tu cl:arge on the Zate pa~ment.
~ ~'~:id parties of the second part hereby covenant cnd agree to pay atl
~
~ taxes, assessments or inpositiores that mau be ?egally Zevze or
~ imposed on said Zand subsequent to the year 1971. Second part
ti atso aqree to pav att costs, charges and expenses, Zar~yer's ;ees and
~ titte searc%ees, reasonablu incurred or paid by the first party
because of the faiture of second part to promptZy and fulty compty
- r~ith att conditions and covenanta in this Agreement. In the event
; second parties fQil to pay, r~hen due, any tases, assessments, or
~ other surns of money payabte by virtue of this Agreement, first party
.~ffgnt~ »n tho;.r n~~i.nr~ forecZoBe
nuy Yuy au,;,e W..., „ y ~ ~ ~
this Agreement, and aZt such payments shalt bear interest from date
thereof at the highest rata then alto~red by the Lar~s of the State of
- Ftorida.
If any sum of moner~ herein referred to be not promptty paid
r~ithin thirty (30 J days next after the same becomes due, or if
e-tch and every one of the agreements, stipulations, conditions and
covenants o; thtis Agreement are not futty performed, complied r~ith
and Zbiced by, then the entire unpaid batance of this Agreement ahatl
forthwith and thereafter, at the option of the first party, become
k= ~•ue and payabte and the estate hereby created in second part ,
- shaZl cease, terminate, and be nutt and void. Furthermore, this
~greement ahat~, at the option of the party of the fir8t part, be
r`~'; forfeited and terminatod, and the part2e8 of the second part ahaZt
for~eit at Z payment8 made by tharri on this Contract; ared such payments
sha Z be retctined by the aaid party of the firat part in fult
= aoo~198 F;c~ ~28
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