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HomeMy WebLinkAbout1238 J , ~ O Nt ~ pF t,~ ~ O R I O A 1 °uc ar a~s ~ wT,~ no~n, ooCUM NtaRr ~ti tAMP TA ~ ~wrr m awr~ ~~,u~. t;EPT• Of~REYEKUE I ~06ER Ib11RA~ ~ 1f)1. ~ly~ y ~ i~i~ ~i T~ ~lERlt CIRp111 OOUAT SI. WC ~ ~ ~r~ot . ' ~168 = P~ ~ O~ s 5 I A RTI CLE OF ACRESPlBNT ~ w NADI~ this 8th day of June , A.D. 19~2, betraeen MAJOR EXCAVATIHG COMPANY, INC., a Ftorida Corporation, party of the ftiret part and ~AMES R. I~ONLFORD 8 JEANNE X. t?OHLFORD, his u~ife parti68 of ths aacond part, 20~ Metissa Lane, Ft. Pieroe, Ftorida Y I T A E S S S T B TBAT if the aatid part iesof ths eecond part shatZ .first ~nak~ the payn~snts and psrforni ths covenante hereinufter n~entioned, on their part to bs~made and performed, the aaid party of the first part hsreby covQnanta and a9rses to convey and asaure to the aaid part iesof tha ascond part, their heirs, executors, adminis- tratore or asaigns, in feQ ati~npls, ctsar of alt encumbrancee, by h good and sufficient Dsed, the Zot, pieae or parcet of tand, sitec- ated in the County of St. Lucie, State o,f Ftorida, knor~n and descri.bsd as fotlo~a: a~~x~r~x~s~~xxxxxxxxxxxxxxxxxxxxx Lot 4, Btock 6, GREENA CRES UNIT THREE S/D St. Lucie County, Ftorida artd the aaid partties of Lhs seoond part hereby covenant and agree to pay to the party of the firet pccrt the eum of fifty-seven hundred ninety-five doZtctre(~ 5995.00 1, r~ith intereat from date at the rate of eight f 8 x) per annum as fot Zor~s: Six hundred ninety-nine dottars (S~S99.00 ) upon the aigning of thia Agreement, the receipt ~uhereof is hereby acknoratedged, and the batance as fotlo~8: Forty nine do Z Zura ared ninety-five cents (~449.95 ) per fionth on the first day of each month thereafter, beginning- Juty 1 , 19 72 , unti Z, the r~hote be fu Z Zy paid. _Each inatattme~t shaZt first be apptied on the payment of interest and then on the unpaid batartce of the principaZ sum. ~(Tn any instatlment8 ~hich are rot paid ~vithin Seven f 7J days .~frQm due date, it is optionat u~ith party of the first part to charge ~ ¢rt ies of the second part a five doZZar (S 5,00 1 `•~p~enqlty charge on the Zate payment. _ .,.,S~aid. part ies of the aecond part hereby covenant and agree to pay aZt taxes, assessmente or impositions that may be ZegaZZy Zevied or impo8ed on said Zand eubsequent to the year 1971 . Second part ies atso agree to pay aZt costs, charges and expenses, Zarayer's fees and titZe searehea, reasonabty ineurred or paid by the first party because of the faiture of second part ies to promptly and fulZy comply ~aith all conditiona and covenante in this Agreement. In the event seeond part ies fail to pay, ~hen due, any tasas, assessments, or other aums of money payabte by virtue of this Agreemerct, first party ~nay pay same ~aithout r~aiving or affsoting their option to foreelose this Agreement, end att eueh payn~enta ahaZZ bear interest from date thereof at tho higheet ra~a than attor~ed by the La~s of the State of Florida. . - If any sun~ of money herein referred to be not promptty paid within thirty l30) days next after the same becomes due, or if ~eaoh and every one of the agreementa, atiputations, eonditions and covenante of this Agreement are not futty performed, eomptied r~ith ;.~•and abided by, then the entire unpaid batance of this kgreement shatt forth~aith and thereafter, .at the optiore of the first party, be~ome due and payable and the estate hereby areated in second part ies , ahatt cease, _terminate, and be nuZZ and void. Furthermore, this Agreement shalt, at the option of the party of the first part, be forfeited anc~,,termi.~sqt~d, and the part ze8 of the second part a~att forfeit atl paym¢nts ~~nad~ $~j them on this Contract; and such payments s~:att be retained by the said party of the firat part in futt BORr~.Vi~ ?~CF~,~~ ~ _ .P~ . : ~ :