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~~~F~r ~r RErENUE'~ , ~ ~OtiE: «1tillA~
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~ ARTICLE OF ACRESINENT
. . 2~164
MAD~ this I Sth day of May , A. D. I9 72, betu~aen
MAJOR SXCAVATINC COMPAHY, INC., a Ftorida Corporation, party ;
of the first part and 8taine R. Schr~arta
party of the aecond part,Rt 1, Box ~33, Ft. Pierce, FL 33450
W I T N S S S E T 8
TBAT if the said party of Lhe aeaond part shatt firat
~nak~ the paymenta ared psrform ths covenanta hereinafter mentioned,
on their part to be made and perforn~ed, the aaid party of the
- firat part hereby covsnanta and agrsss to ~onvey and assure to the
aaid party of ths escond part, their heirs, executors, admi.nis-
tra~tora or asai.gns, in fee simpts, ctear of aZZ encumbrances, by
h good a»d suffzeient DQed, tlee Zot, piece or parcet of tand, sitx-
ate~ in the County of St. Luctie, Stute of Ftortida, knoran and
des~ribed as fotto~as:
Lot 6, BZock,=', Green Acres Unit Tieree S/D
St. Lucie County, FZortda
and the eaid party of the seoond part hereby covenant and agree
to pay to the party of the firat part the sufi af forty-nine hundred
ntinety-five doZZar~S 4995.00 1, with i,mterest from date at the
rate of eight 8~1 ~per ~tnnt~~ as foZlorus:
Ainet~-nine doZtars (599.00 1 upon the signing
of thZS Agreemeret, the receipt ~ahereof is hereby aeknoratedged, and
the ba Zance as fo Z Zo~as :
Forty-nine doZlars ninety-five cents (S~B~d 49.95 ) per month on
the first day of each ~nonth thereafter, beginning July 1, ,
19 72 , unti Z the r~ho Ze be fu Z Zy paid. _
Each inataZZment ahatZ first be appZied on the payment of interest
and then on the unpaid baZance of the principat sum.
On any inatattmenta u~hi,ch are t~~it paid r~ithin seven ( 71 days
from due date, it is optionat u~ith party of the first part to chctrge
'part ies of the second part a five doZZar (S5.00 )
pena.tty charge on the Zate payment.
~
' Said party of th~`~'~aecond part hereby eavenant and agree to pay att
ta~ces, assessments or impositions that may be ZegaZty Zevied or
imposed on said Zand subsequent to the year 1971. Second party
aZao agree to pay atl costs, charyes and expenses, Zar~yer's fees and
! titte searchea, reasonabty ineurred or paid by the first party
; because of the faiture of se~ond party to promptty and fulty compty
~ ~ith aZl conditiona and covenanta in this Agreemeat. In the event
; aecond part y fait to pay, mhen due, any tassa, assessments, or
; other sums of money payabte by virtus of thia Agreement, first party
may pay eame rvithout rvaiving or affectting their option to foreeZose
this Agreement, and att such payments shaZt bear interest from date
~ thereof at th~ highest rata then aZtor~ed by the Lar~s of the State of
Ftorida.
~ If any sum of money herein referred to be not promptly pctid
~ith~in thirty ! 30) days next after the same beeomes due, or if
each and every one of the agreenrents, stipulations, conditions and
N~eovenants of this Agreement are not futty performed, comptied ~ith
` ' and:abided by,~then the antire unpaid batanee of this Agreement shatt
~ fprthr~ith and thereafter, at the option of the first party, beaome
~ ~"due and payabte and the estate hereby ~reated in se~ond party ,
ahatl cease, terminate, and be nutl and void. Furthermore, this
Agresrnent shatt, at the option of the party of the firat part, be
forfeited and terminat~d, and the parties of the second part ahalt
~ forfeit att paymenta made by thsm ort this Contract; and euch payments
~ ehatZ be rstain~d by the eaid party of the firet part in fuZZ
; eCRv~O..~s
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