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' ARTICLE OF AGREEMENT d2
MADS this Ist day of August , A. D. 19 72, betr~een
MAJOR EXCAVATINC COMPANY, INC. , a Ft orida Corporation, party
of the ftirst part and KSNN~TB J. BIIVCRAM 8 CYNTNIA T. BING$AM, his r~ife
partig$ of the aeco~d part, 211 Deanna Lane, Ft. Pierce, F~orzda
W I T N E S S E T B
THAT if the said partiea of the second nart ahatt first
~nak• the payments axd perfor?n the covenant$ hereinafter mentioned,
on their part to be made and performed, the satid party of the
first part hereby covenants and agrees to convey and assure to the ~
sQid parties of the seaond part, their heirs, executors, adminis-
tr~tors or aseigns, in fee aimpte, ctear of aZl encumbrances, by
a got~d and aufficient Deed, the Zot, piece or parceZ of Zand, sitti-
atedv~in the Cou»ty of St. Lucie, State of FZorzda, kno~n and
described as fotto~s:
Let 6, BZock 2, Green Acres Unit Three S/D,
, St. Lucie County, FZorida.
f
. ;
and the said part ies of the se~ond part hereby covenant and agree ~
to pay to the party of the first part the sum of fifty.seven hundred '
ninety-five dotta~a6 5795.00 1 t,~it.h int ~test from date at the ~
rate of eight ! 8~''x)~~~r ~an~'turrt~~~ts fot tor~s: ~
Si~ hundred ninety-nine dotturs 699.00 ) upon the signing ~
of this Agreement, the receipt r~hereof is hereby acknor~tedged, and ~
the baZance as fottor~s: ~
~
forty-nine dotlars & ninety-five cercts (549.95 1 per month on ~
tiee first day of each month thereafter, beginn~n,q September 1 ,
19 72 , unti Z the r~hote be fu Z Zy paid. ~ ~
Ectch instattment shaZt first be applied on the pccyment of interest ~
and then on the unpaid batance of the principat sum. ~
~
•On crny instat Zmen~s rvhich are »ot paid ~ithin seven ( 7) days '
~~rom due date, it is optional ~ith part~a o f the first part to charge ~
pa,yr~~ies of the second part a five doZZar l S 5. 00 1 F
~snatty charge on the Zate payment. ?
` ;
,
Said part~ies of the second part hereby covenant and agree to pay all ~
~..tases, assessments or impositions that may be Zegalty Zevied or
'tim~osed on said Zand subsequent to the year 19 71. Second parties
atso agree to pau att costs, charges and expenses, Zar~yer's fees and ~
titte searches, reasonabtu incurred or paid by the first party ~
because of the faiture of second partias to promptty and futty compty ~
r~ith aZZ conditions ctnd covenanta in this Agreement. In the event ;
second parties fail to pay, r~hen due, any tases, assessments, or '
other sums of money payabte by virtue of this Agreement, first party
may pcty same Without rvaiving or affecting their option to foreclose
this Agreement, and att such payments shatt bear interest from date
, thereof at the highest rate then attor~ed by the Larvs of the State of
~ Ftorida, i
~
, _ If any sum of money herein referred to be not promptZy paid ~
Lri t l~.L `
. ~ ~hirty l30 ) days next after the same becomes due,~ or if
ach and every one of the agreements, stipulations, conditions and ;
~+'co ~nants of this Agreement are not fuZty performed, compZied ~ith
an~-abided by,~then the entire unpaid batance of this Agreement shatl
' forthu~ith and thereafter, at ~he option of the first ~arty, become
due and payabte and the estate hereby created in second par~es ,
shatt cease, terminate, and be nutt and void. c^-rerthermare, this
Agreement ahatt, at the option of the party of the first part, be
forfeited and terminat~d, and the par~ies of the second part ahaZt
~ forfeit att payMents made by them on this Contract; and sueh payments
shall be retained by the said party of the jirst part in fuZZ
- 6UOK 2O(! PA~F~2~
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