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U ~"'~u~~ ~ ° ARTICLB OF AGRE8M8AT ~ `
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NADB thia 2btb day of D~o~~bvr , A.D. 18 7; b~tw~sK
NAJOR 8'XCAYATII~C COJ~IPAAI, IAC., a FZorida Corporation, party
of tht f~rat part and CBARLBS R. ~CSLLBR AIID JOAl1 A. JCBLbBR hie vift ~
partt:sa of Zht a~oorid part, 822 A~~ Lans~, Ft. P~trot, FL 33~lSO
NITIVESS6T8
TBAT i f th~ satid pari~~~ o f th~ ~ ascond part sHa Z Z firat
~ak~ ths pay~n~nta arid p~rforar th~ oovenanta harss.naftQr n~~ntzorisd,
on ~hair part to bo ~ade a~d p~rfor~nad, tha eaid party of tA•
firat part hsrsby oov~nareta and agrssa to convsy and aesurs to th~
-sa f d parttita of th• asoond part, th~ir heirs, ss~cutora, ad~nirii.a-
tratora or aasigne, in fse si~pZs, ct~ar of aZZ snoun~branc~a, by
t~ gbad and aufficis»~ Deed, t1~~ Zot, piaas or parcet of tarcd, a~ttt-
atsd-in tAs County of St. Lucis, State of Florida, known and
dasoribsd as fotto~a:
Lot B, Block 3, GRBS~ACRBS Ul~IS II S/D
Saint Luais County, PZortida.
and the said part iea of ths sscond part hereby covenant and agrse
to pay to the party o f the fira t part ths 8u~n o f for~b-nin~ leundrsd
ninsty-fiva doltar~$ ~995.00 r~ith intereet from date at ~hs
rate of tigkt ( 8 x) per arenum as fotto~a:
Ain~ty-nins doltars '
fS99.00 1 upon the atigning
of this Agree?~ent, ths receipt ~hersof is hereby ackno~ledgsd, aKd
the batanee as foZZo~s: Forty-nins dottara and nin~'ty-fiv~ o~nta
(S 49.95 1 psr n~oath on
the 1at day of each month thsreafter, beginning Februar~ Z ,
1978 , untti Z the ~ho Ze be fu Z Zy paid.
Ea~h inatatlnrent ehatt first be appZied on the payment of intereat
a~cd ~hert or trs unpairl b3Zencs ~f the nrinaipaZ aum.
,
~s at~ instattnrents ~ahich are ~ot paid r~ithin fiva ( S J days
f~om dme date, it is optionat u~ith party of the.first part to charge
~vart'tQa' of the second part a fivs f S S. 00 1
- penc~lt~ ~charge on the Zate payMent.
SQi.d pa~ttiss of the second part hereby covenu»t and agres to pay aZl
~ ~taxe.~,,~asaes8~?ents or impositions that may be ZsgaZty Zevied or
i~npo~~d on eaid Zcrnd subssquent to the year 19 7~ Second part
~~-a}l~~` agree to pay crZZ costs, citarges and expenses, Zar~yer's fsea and.
title searches, reasonabtu incurrsd or paid by the first party
becauas of ths faiture of second part to pro~nptZy and f~lty con~pty
r~ith att conditione and covsnant8 in this Agrssrnent. In tha svsat
seaond part3~a fctil to pay, ~hen dus, any tassa, aesessmsnte, or
r othar au~a of monay payabte by utirtus of this Agreement, firet party
k may pay san~e r~ithout Wativting or affs~ting thair option to forsaloas
~ this Agres,nent, ared aZt such paymsnta ahaZt bear interest fro~ dats
~ thersvf at tht highest rata then atto~ed by the La~a of the State of
P Zorida.
~ ~ If any sur~ of ~none~ herein referrad to be not promptty paid
r~ithin thirty ( 301 daya next aftsr ths scvne beaomes dua, or if
ea~h and Qvery ons of ths agrea~snts, stiputations, ~onditioaa and
- covsRanta of th~a Agrasms»t are not futty performad, eompZisd vith
and abided b~,~thsn the sntire unpaid balanoe of this Agres~nant ahatt
~ forthwith and thereaftsr, at ths option of ths firat party, bsoows
~ due and payabt~ and ths satats hsreby oreatsd in sQaond partiea ,
; ai~at Z asasQ, ter~inate, and be nut Z and void. Furtharmors, tieia
~ Agraa~ant ahatt, at th~ option of ths ~arty of tha fir8t part, bs
; forfsit~d and terrninat~d, and the par~~a of th~ ssaond part aRatt
~ forf~it att pab~Qnts nrade b~ thsm on thia Contraet; and auch paymsnts
ahalt be retainsd by ~hf said party of the firat part in futt
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