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ui REVENVE ` ' MIR~INNi 10 ~~3•~AC't= Oi If)l. H"~
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="~az ~ A RTI CL8 OF ACRESNBNT
NADl~ this 30th day of Mcty , A. D. 19 ~2, bet~aeen
MAJOR EXCAVATING COMPANY, INC., a Ftorida Corporation, party
of the firat part and 9ARRY E. MaaDONALD 8 MARIOH MacDONALD, his ~aife
part ties of ths asoond part, 200 Amy Lane, Ft. Pierae, FL.
~i?ITNSSS~T 8
TXAT ir' ths said par~es of the aecond part shaZZ first
~akt ths-pay~enta and psrform ths ~ovenanta Hereinafter mentioned,
on thei.r part to bs n~ade and performed, the said party of the
firat part hsreby covanants and agresa to corevey and asaure to the
said parties of ths ascond part, thsir hezrs, executora, adminis-
tratore or asaigns, in fee aimpte, atear of att encumbran~es, by
h good and sufficient DQed, the Zot, piece or paraet of Z~nd, situ-
ate~i in the County of St. Lucie, State of Ftorida, kno~vn and
described cts fot to~s:
Lot 1, Block 2, Green Acres Unit ~`hree S/D
St. Lucie County, FZorida
and the aaid part ies of ths asoond part hereby covenant and agree
to pay to the party of the firat part the aum offifty-four hundred
ninety- five doZ Zar~$ 5495. 00 r~ith interest~ from date at the
rate of eight ( 8~).per annum.r~s fottows:
J 1 • ~ c. t ii ;
three hundred ninety-nine dollars(S399.00 ) upon the signing
of this Agreement, the receipt r~hereof is hereby ctckncratedged, and
the baZance as foZZo~as:
forty-nine dottars ninety-five cents (S49.95 1 per month on
the first day of each nronth thereafter, beginning Juty 1, ,
1972 , until the rvhoZe be fully paid.
Eaeh instattment ahaZZ first be appti6d on the payment of interest
and then on the unpaid baZarece of the prtincipat sum.
0~ an~ instalt?nenta ~htiah are nbt paid r~i.thin seven (7 ) days
~.from due date, it is optionat r~ith party of the first part to eharge
pcrrt ie8 of the aecond part a five dollar ($5.00 )
.,~~natt~ charge on the tate payment.
S?aid parties of the second part hereby covenant and agree to pay aZt
taxes, assesaments or impvstitiona that may be legatty Zevied or
in?posed on said Zand aubsequent to the year 29~2. Second parties
atso agree to pay aZt costs, chargea and expenses, Za~yer's fees and
title searches, reasonabty incurred or paid by the first party
because of the faiture of second parties to promptty and fully compty
- raith al t~onditions and eovenanta in this Agreeme~tt. In the event
second parties fail tv pay, rvhen due, any tatss, assessments, or
other euma of nrortey payabZe by virtue of this Agreement, first party
may pay aame r~ithout maiving or ctffecting their option to forectose
; thi~s Agreement, and att sueh paymente ahatl bear interest from date
thereof at th~ highest rata then attor~ed by the Lar~a of the State of
FZorida.
~ - If any sum of money herein referred to be not promptZy paid
`"~ithin thirty (30 ) days next after the same beeomes due, or if
s~reh and every one of the agreements, atiputa~ions, conditions and
eovenanta of this Agreement are not fuZZy performed, complied with
~aKd abided by, then the entire unpaid balanee of this Agreement shatl
forthu~ith and thereafter, at the option of the firat party, beeome
due and payabte and the estate hereby created in second purties ,
shaZZ aease, terminate, and be nutt and void. Furtherr~ore, this
; Agreement ahall, at the option of ths party of the fir8t part, be
; forfeited and termtinat~d, and ths parttes of the second part ahaZZ
! forfeit all paymenta made by thanr on this Contraet; and au~h paynrents
~ shatl be retained by th6 eaid party of the firat part in futt
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