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ARTICLE OF ACREEMENT
MADE thia 15th day of Febructry , A. D. 19~2 , bet~een
MAJOR EXCAVATING COMPANY, INC., a Ftorida Corporation, party
of the first part and HARRY E. MACDONALD ~ MARION MACDONALD, his ~ife ;
parties of the seoond part, 200 Amy Lane, Ft. Pierce, Ftorida #
f? I T N E S S E T B
THAT if the said partZ68 of the aecond part shatt firet
nrakt the paymente and perform the covenants hereinafter mentioned,
on their part to be made and performed, the eaid party of the
first part hereby covenants and agrees to convey and assure to the :
said partiea of the second part, their heirs, executors, adminis- '
trators or assi.gns, in fee simple, ctear of all encumbrances, by ~
tc goad and suffi~ient Deed, the Zot, piece or parcel af Zand, stitu-
ated in the County of St. Lucie, State of Ftorida, knorun and
dea~ribed as fo Z toras : "
i
Lot 1, Btoek 4, GRSEA ACRSS UNIT II S/D
St. Ltccie County, Ftorida t
and the said partzes of the second part hereby covenant and agree
to pay to the party of the first part the sum of sixty trvo hundred
ninety-five dottara(S 6295.00 ,--1, ~aith interest from date at the
rate of eight ( =8'x)~'p~•rfanitu~-as fotZo~s:
Nine hundred ninety-nine doZZars 999.00 1 upon the aigning
of Lhis Agreement, the receipt rahereof is hereby acknou~ledged, and
the batance as fotlor~s: forty-nine doZZars and ninety-five eents
49.85 I per month on
the firat day of each n?onth thereafter, ~aeginnin,q ApriZ Ist ,
19~2 , unti Z the r~hole be fu Z Zy paid.
Eaeh instaltment shatt first be appZied on the payment of interest
and then on the unpaid balance of the principat sum.
any instaZZments u~hich are ~ot paid r~ithin 8even ( 7) days
~ frqm du¢ date, it is optional r~ith partu of the first pczrt to eharge
~~ar~es of the second part a five doltar (S 5.00 )
pe.natty charge on the Zate payment.
' Said parties of the second part hereby covenant and agree to pay alt ;
' L`axes, assessments or impositions that mau be Zegatty Zevied or ;
; im~osed on said tand subsequent to the year 1971 . Second part '
~ also agree to pau utt costs, charges and expenses, Za~ayer's fees and ;
titZe searches, reasonabtu incurred or paid by the first party ~
; because of the failure of second parties to pron?ptty and futty compty '
' ~aith cttl conditions and eovenants in this Agreement. In the event i
; second parties fai Z to pay, rvhen due, any tcr.ses, assessments, or `
i other sums of. money payabte by virtue of this Agreement, first party ~
may pay same r~ithout rvaiving or affecting their option to foreCtose =
this Agresment, and aZt such paymenta shall bear interest from date
thereof at the highest rate then atlo~ed by the La~s of the State of
Ftorida. `
If any sum of money herein referred to be not promptty paid
~aithin thirty ( 30) days next after the same becomes due, or if t
each and every one of the agreements, stiputations, conditiona and ;
covenants of this Agreement are not fulty performed, complied c~ith ~
and adided by,~there the entire unpaid batance of this Agreement shall ~
fv rtht~ith and thereafter, at the option of the firat party, beeome ~
c~ue and payab Ze and the estate hereby created in seeored part~e8 ,
skaZZ cease, terminate, and be ~cutt ctnd void. Furthermore, this ?
Agreement shall, at the option of the party of the first part, be ~
forfeited and terminated, and the parties of the second part ahatl
forfeit alt payments made by them on this Contract; und sueh par~ments
shall be retained by the aaid party of the first part in full
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