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ARTICLES OF AGREEMENT - Page 2. ~
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fluctuation occurs, the monthly payments will be
adjusted accordingly. Furthermore, if payments are
not received by the 7th of the month when due, a
penalty charge of $6.50 will be made. In addition,
if payments are not received by the 15th of the month
when due, interest at the highest legal rate shall
be computed from the date of the last payment made
by Second Parties through the date the arrearage is
rectified.
T'he monthly payment of $125.00 is computed upon the fol-
lowing premise: Principal and interest $98.84; homeowners in-
surance policy premium $4.58 per month; F.H.A. Insurance $4.56; and
City and County taxes $17.02.
First Parties agree to utilize so much of the $125.00 -
monthly payments as is necessary to pay the real estate taxes
and insurance premium due thereon each year.
First Parties will give Second Parties an annual statement
no later than February 15 of each year, showing the amount cre-
dited to principal, interest, taxes and insurance from payments ~
made during the previous calendar year by Second Parties.
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Second parties agree to pay all costs connected with the
; recording of this agreement, which is to be recorded no later than
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~ December 31, 1972, in order for Second Parties to be entitled to
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~ receive homestead exemption in the coming year, to keep the real
estate taxes to a minimum.
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Second Parties agree to pay when due all assessments which
may be imposed against the property for any type of improvements
~ made by any public body which result in an assessment being im-
~ posed against the property.
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Second Parties have the option to transfer this contract
~ to any other party with or without consent of First Parties.
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Furthermore, Second Parties are given the option to prepay this
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LAW OFFIC68 ' ~
~ WILLES, BITTAN ~ WILLES
~ P. O. BOX ~OY
FORT P16RGE. FLORIDA,~4d0 BVUK PaUt ;
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