HomeMy WebLinkAbout0516 w S~TQT~ oF F!._qRl~l~
t~ ~ DOCUMF.NTAo" STAMP A
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A(}REEI~NT FOR DEED =
' a$ ~,t.M~~~ 3900~
P.B. -
ARTICLES OF A(3REEMTsNT, made this Zg~ day of ~~h A.D. 1972, ~
between FrankZin A. Harris and V~3erie V. Harris,
his wife, parties of the first part and Merlin E. Monroe and Annie L.
Monroe, his wife, parties oP the second part, 3114B Mura Drive, Fort
Pierce, Florida. -
WITNESSETH, ~h8t if the said parties of the second part shall first .
make the payments and perform the covenants hereinafter mentioned on
their part to be m~e~de and performed, the.said parties of the first part,
hereby covenant and agree to convey and assure ~o the said parties of
the second part, the3r heirs, executors, administrators or assigns, in
fee simple, clear of all encumbranees whatever by a good and sufficient
deed the following described property, to-wit:
All of Lot 19, all of Lot 18, less the southerly 45 feet of
Lot 18, arid all of Lot 20, less the north~"rly #5 feet of Lot
20,A11 in Block 12, Silver Lake Park Addition as recorded in
plat book lpy at page 8, of the public records of St. Lucie
County, Florida. ~
ar:d said parties of the second part hereby covenants and agree to pay
to the parties of the first part, their heirs and assigns at their
office in Fort Pierce, the sum of $2$,000.00 in the following manner
to-wit: -
(1) $2,000.00 on the signing of this instrument, receipt of which is
hereby acknowiedged. ~
(2) $229.00 per month ir.terest and principal payment starting on the •
lst day of May, A.D. 1972 and on the lst of each and every sub-
sequent morth hereafter until the original installment balance of•
$26,000.00 is paid in full. The aforesaid interest to be calculated
on the unpaid balance due at the rate of 8.25x per annum. Each
instal2ment shall be firs~~applied in payment of the interest and
then on the unpaid balance of the principal sum. A late penalt }
y .
~ of•5x will be added 3nd collected with any amount or amounts due
an~ payable under this contract which have not been paid by the
7th day of each month. This penalty shall apply to any past due
ad valorem taxes, special government assessments and fire insurance
which has been paid by the parties oY the first part to protect
their interest . ~ ~
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