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TA o~ F O R I C~ A 1 01~ Otl CU1SS 'C INiAN61ilE ~E: ~~J.<al PRO~EIt(f~
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t;[Pi UF REvENUE
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~ ARTICLE OF ACREEMENT
MAD6 thia 16 dny of Maroh , A. D. 19 9~ betr~een
. MAJOR EXCAVATINC COMPANY, INC. , a Ftorida Corporation, party
of the first part and EULIE G. McCRAY ~ BETTY JEAh McCRAY, his ~ife
partiea of the second part,
N I T N E S S E T B
TNAT if the said partiesof the second part shatt fir8t
re~aks the payMentB and perform the covenants heretinafter merttioned,
ort their part to be made and performed, the said party of the
ftirst part hereby aovenants and agrees to convey and aasure to the
said pari~e8 of the aecond part, their heirs, executors, adminis-
tratora or assigna, in fee simpte, ctear of att encumbrances, by
h good and sufficient Deed, the Zot, piece or parcet of Zand, situ-
uted in the County of St. Lucie, State of FZorida, knou~n und
described as follo~s:
~ Lot 1, BZoak 5, Creen Acres Unit Three S/D/
St. Lucie County, FZorida
and the said parti~8 of the second part hereby covenant and agree
to pa to the party of the-first part the sum of sixty-two hundred
- nine~y-five doZZar~$ 6295. DO ..),r ~ith in~erest from date at the
rate o f ei ght ( a~ ~y: ~
i n i
i~ a s f
o Z Z o~ s :
Six hundred ninety-nine dotlars tS 699.00 1 upon the signing
of thi~ Agreement, the receipt rvhereof is hereby acknor~tedged, and
the batance as foZZowa:
forty-nine doZZars 8 ninety-five cents (S49.95 ) per month on ~
the first day of each month thereafter, beginnin,q July 1
19 72 , unti Z the ~hote be fu Z Zy paid. ~
Each instattment shaZZ first be applied on the payment of interest
and ~hen on the unpaid batance of the princzpaZ sum.
On uny instatlments rvhich are not paid r~ithin seven J days
~.~om due date, it is optionat u~ith parta of the first part to charge
pax~ties of the second part a five doZZar ~~5.00 ~
.«~enalty charge on the Zate payment.
.5aid•partie8 of the second part hereby covenant and agree to pay atl
taxes, assessments or impositions that mau be Zegatty Zevied or
imposed on said Zand subsequent to the year 19~1. Second part
atso agree to pau all costs, char~es and expenses, Zarayer's fees arcd
title searchea, reasonabtu incurr?ed or paid by the first party
because of the faiture of secored partZeB to promptZy and futty compZy
u~ith atl corcditions and covenants in this Agreement. In the event
second parties fai Z to pay, r~hen due, any tuaees, assessments, or
other sums of money payabte by virtue of this Agreement, first party }
may pay same mithout r~aiving or affecting their option to forecZose
this Agreement, and att such payments shaZt bear interest from date
th~reof at the highest rate then atlo~ed by the Larvs of the State of
Ftorida.
If any sum of money herein referred to be not profiptly paid
r~sthin thirty ! 30) days next after the same becomes due, or if
each and every one of the agreements, stiputations, condtit•ions and °
a~venants o; this Agreement are not fulty performed, comptied r~ith ~
and adided by, then the entire unpaid batance of this Agreement shaZZ ~
forthwith and thereafter, at the option of the first party, be~ome
due and payabte and the estate herebr~ creaxed in aecond partz 8,
shatl cease, terminate, and be null and void. Furthermore, t~is
Agreenrent shaZt, at the option of the party of the first part, be =
forfeited and terminated, and the partze8 of the second part ahaZZ
forfeit atl payments made by them on this Contract; and such pctyments ;
shatt be retained by the said party of the first part in futl ~
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3GOx ~~6 YAGi 1217
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