HomeMy WebLinkAbout2335 ARTICLSS OF I~ORBBM~l'T - Pa?q• 2.
are nct r~ceiv~d by th• 7~h o! the nwnth whou
due, a p~nalty charqe o! $6.45 will be madm. In
addition, i! payments a~r• not r~ceived by th•
15th of the month when du., interest at the high-
eet legal rate ehall bo caaputad from the dat• o!
the last payment made by Second Parties throuqh
the dat~ ths aucrearaqs ie racti~ied.
The n~onthlx payment o! $129.0~ is cowputed upon tb~
follawing premies: Principal and intereat $113.05t ho~uo~rn~r•
i~cisuranca policy pre:aiwn $5.60 p~r ~Ath~ taxea~ ~9.10 psr
montht and $1.25 tor t~rmins policy premiwa.
Ffrat Parties aqree to utilize so much of the $129.00
mcnthly paymenta as ie naceseary to pay the real setat~ tsxs~,
haa~o~wnere in~urance an8 termite policy praaiums due thereoa
each year.
Firat Partfee will qive Second partiea an annual
etatemient~no later than Fabruary 15 of each year, ahawinq the
am4unt credited to principal, intsr~st, taxs4, inauranc~ and
termite policy froan payments mad~ duriAq ths previous calendar
yeas by 8eaond Parties.
~ Second Partiea aqree to pay all coita conuscted r?ith_
I
~ - th~ rsoordinq of this agree~nt, ~hich i• bo bs recorded no
~ later t2ian Dscarab~r 31. 1972, in ord~r tor Second Parties to
b~ entitled to r~ceive 2iomest~ad ex~aaption in the c~niaq y~ar,
to keep the rsal e~tat~ taxe• bo a miniau~.
S~oond Partiu aqr~e to pay ~hsn due all as~~osmants
Which may b~ i~aposed aqainst the property for aay typ~ ot
imp~cov~nsats ~aade by any public body ~hich reeult in a~n asseas-
~ msut bainq impos~d aqainat th~ prope~cty.
~
S~oond Partiea have th~ opti~oa to tranafsr this oon-
tract to any oth~r party witb or wit2~out consent o! First
Parti~~. Further~more, Second Partiee are qiven the option to
pr~pay thia contract upon paym~t to Fir~t Partias o! a 5%
LAW OFFICES
WILLES, BITTAN & WILLES
' P. o. eox aoo
- FORT PIERCE. FLORIDA'J~460 ~~+lx~~
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