HomeMy WebLinkAbout0330 ~~~;~~o~
ARTICLE OF ACREEMENT
M,4DE this 3rd day of October , A. D. 19 7~ betr~een
MAJOR EXCAYATING COMPANY, IHC., a Ftorida Corporation, party
of the first pctrt and Alberta Carr
part~ of Lhe second part, 111 ~?nu t.ane
N I T N E S S E T 8
TNAT if the said part y of the second part ahatl first
mctks the puyments and perform tha covenanta hereinafter mentionecl,
on their part to be made and perforn~ed, the said party of the
first Fart hereby covenanta and agrees to convey and aasure to the
said part of the secored part, their heirs, executors, adminis-
tratore or assigrts, in fee stimpt~, ctear of alt encumbrances, by
a good and sufficient Deed, the Zot, piece or parcet of Zand, situ-
ated in the County of St. Lucie, State of Ftorida, knor~n and
described as fotlo~s;
Lot 6, Block 1, Unit II, Greenacres S~'D,
St. Lucie County, Ftorida
and the said part y of the second part hereby covenant and agree
to pay to the party of the first part the sum of four thousand
eight hundreci nineft~-six $4836Jq0 r~ith interest from date at the
rate of eight f 8 x) per annunr as ~otlo~s: Nine~y-
nine dotlars l$ 99.00 1 upon the signing
of Lhis Anreement, the receipt raher~eof is hereby acknoratedged, and
tho hnZnnra nc fnZZn~.~A: Fortu nine dollars ~nd nin8tu-five cents
(S 49,95 1 per month on
` the day of each month thereafter, beginning November Z ,
E 1° ~Z , until the r~hole be futty paid.
!
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~ Each installment shatt first be applied on the payment of interest
and then on the unpaid balance of the principat sum.
~
Gn an~ instaZlments r~~hich are not Faid ~vithin five ( S 1 daus
;'rnm due date, it is optionaZ ~ith part~ o r tne rirst part to charge
: art y c;" the secon~ part a five dot tar 5. 00 1
^enaltu c%:arae on the Zate pay?nent.
sai~' Fart y of the second part hereby covenant and agree to pay alt
t~xes, assessments or impositions that mau be Zeqatly Zevied or
i~^~osed on said Zand subaequent to the year 19 7A Second party
atso agree to Yau att costs, charges and expenses, Zar~yer's fees and
titZe searc'nes, reasonablu tincurred or paid by the first party
because of the faiture of second part to promptZy and fulty compty
;~ith att conditions and covenante in this Agreement. In the event
second part y fait to pay, r~hen due, any tares, assessments, or
otner sums of money payabte by virtue of this Agreement, first party
.:~uy pa~ sc~^~ ~i*h~~-* ~,~~3ivir.g ~r nf~'grtti~~ t~eir option to forectose
tnis Agreement, and aZZ such payments shalt bear ircterest from date
thereof at the hig'nest rate then atlo~ed by the La~s of the State of
rlOrida.
If any sum of nroney herein referred to be not promptZ~ paid
~ithin thirty f301 days next after the same becomes due, or if
each ctnd every one of the agreements, 8tiputations, conditions and
covenants of this Agreement are not futty performed, compZied r~ith
and ai~ided by, then the entire unpaid batance of this Agreement shalt
- forth~ith and thereafter, at the option of the firet party, become
due and payabte and the estate hereby created in seeond party ,
shctll cease, terminate, and be nutl artd void. Furthermore, this
Agreement shaZZ, at the option of the party of the first part, be
forfeited and terminatod, and the party of the second part ahatt
forfeit aZZ payments made by them on this Contract; and such payments
shatt be retained by the said party of the fir8t part in full
BQRK1~8 3~p -
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