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ARTICLE OF AGRBSMSNT
NADI~ this Zst day of Ootober , A• D. 1$?Z , betr~een
MAJ~R EXCAYATINC COMPA~?y, INC., a Ftorida Corporation, party
of the fir8t part and Rayraond Yonts and Carotine Yonts, his mife
part ies of the second part, /~o /~~v 3G.zi _?s
W I T N E S S S T B
TNAT if the said parties of ths second part ahaZZ first
maks the payments and perform ths covenants hereinafter mentioned,
on their part to be made and psrfor~rsd, tl~e aaid part~ of the
first part hereby aove~ante and crgrsse to aonvey and asaure to the
said part zes of the second part, thsir heirs, executors, adminis-
trators or nsai.gns, in fse simpZs, clear of aZZ encumbrances, by
2t good and sufficient DQed, the Zot, piece or parcet of Zand, situ-
ated in the County of St. Lucie, State of Ftorida, kno~n and
descri-bed as fotto~s:
1
Lot?~ Bloak 3, Unit II, Creenaeres S/D
St. Lucie County, Florida
TO CORRECT LEGA L AND RE-RECOA. D IN,STRUMENT .
and the aaid parties of the $eco»d part ~iereby covenant and agree
to pay to the party of the first part the aum of five thousand
ninety-ai~ dottars(55096.00 1, raith tinterest from dute at the
rate of eight ( 8 x) per annum ae foltor~s: Three hund-
ninet~-nine doltars . (S 3~9.00 I upon the stigning
of thzs Agreement, the receipt ruhereof is hereby ackno~ledged, and
the batance as fotto~a: Forty-nine doZZars and ninety-five centa
(S 46;"95 1 per month on .
the first day of each month thsreafter, beginning November I, , -
19 7 Z, unti Z the raho Ze be fu t Zy paid.
Each instattment ehatl first be apptied on the payment of interest _
and then on the unpuid baZanae of the principal sum.
On any instaZZments ~hich ctre r~ot paid r~ithin five ~ 5 1 day$
from due date, it is optionaZ raith partr~ of the first part to charge
partiea of the second part a five dottar ~55.00 ~
Fenalty charge on the Zate puyment.
Said parties of the second purt hereby aovenant and agree to pay att
taxes, assessments or impositiona that mu~ be Zegatty.levied or
imposed on said Zand sub8equent to the year 19~p. Second parties
alao agree to pay aZt costs, charges and expenses, Zaruyer's fees and •
titZe searches, reasonabZy tincurred or paid by the first party
because of the failure of aecond parties to pronrptty and futty comply
r~ith atl conditions and covenants in thtis Agreement. In the event
second part ies fai t to pay, ~ahen dus, any tu.a~s, asseasments, or
other sums of money payabte by virtue of this Agreement, first party
may pay same raithout r~aiving or affecting their option to forecZose
this Agreement, and att suah paymenta ahatt bear interest from date
thereof at the highest rata then atlou~ed by the La~a of the State of
Florida.
- If any sufi of money herein referred to be not promptly paid
~ithin thirty f30 ) days next after the same becomea due, or if
each and every one of the agreement8, atipulations, conditions and :
covenanta of this Agreement are not futty performed, complied ruith
and abtided by, then.the entire unpaid balance of this Agreement shalt .
forthu~ith and th~rsafter, at the option of the first party, become
due and payuble ,asid the estate hsrsby created in second parties ~
$hatl cease, tQrmi~ate, and be nutt and void. Furthermore, this
Agreament shaZ~+~,c~t the opttion of ths party of the firat part, be
' forfeitad and:tenr~k,r~a~d, and the partie8 of the seaond part ahaZZ
forfe~t aZ-Z payments ?~ade then~ on this Contract; and suah payments
_ _ ahaZZ be retuined by the aaid party of the first part in futt
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BUGK PA~~ BOOK 1~~ PAGE ~3
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