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'1 ~ ARTICLB OF AGREEMENT
MADI~ this sixth day of June , A. D. I972, betr~een
MAJOR SXCAVATING COMPAAY, INC. , a FZorida Corporation, party
of the firat part ctnd Litburn L. UIVDERNILL
partY of ths aQOOnd part, 211 M~Zissa Lane, Ft. Pierce, FZorida
W I T A E S S S T 8
TBAT if the 8aid party of tiee se~ond part shatl first
~nak• the paymsnts and perfornr tha covenants hereinafter menttioned,
on their part to be made and psrfornrsd, the ~ai,d party of the
firat part hereby oovananta and agrsse to ~onvey and aesure to the
aaid party of th~r sscond part, thair heirs, executora, admi.nis-
trator8 or asaigns, in fse atimpla, ctear af all encumbran~es, by
tc good and auffi~ient DQed, tha Zot, ptiece or pareeZ of Zand, situ-
ated in the County of St. Lucie, State of Ftorida, kno~un and ~
~desaribed as foZZo~ts:
Lnt 6, BZock 6, Green Acres Unzt Three S/D
St. Lucie County, Ftoridct
and tha eaid part y of ths aeoond part hereby covenant and agree
to pay to the party of the first part the sum of fifty eight hundred ~
forty-five doZtars(55845.00 1, r~ith interest from dat.e at the ~
rate of eight f 8 x) per annum as fottor~s: !
Six hundred ninety-nine doZZars '
(5699.OU 1 upon the $igning
of ~htia Agreement, the recetipt r~hereof is hereby ackno~tedged, and
the batance as fotto~as: '
Forty-nine doZZars & ntinety-ftive eents (549.95 J per month on
the 1st day of each month thersafter, beginning ~~uty 1 ,
1972 , untit the r~hote be futty paid.
Each tinstallment ehall firs~ be apptied on the payment of interest ~
an~ thsn on tha unpaid batarece of the principal sum. ;
;
Oh any` .instattments r~hieh are nbt paid ~ithin five ( 5) days a
, fror~ dr~e date, it is optionat ~aith party of the first part to charge
par;~ y:~~ ~of the second part a five doZ Zar ! S 5. 00 1
p~'
t
ttty . charge on the Zate payment. ~
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Sai~ part y of the aecond part hereby covenant and agree to pay att
tazes, assessments or impostitions that may be Zegatty Zevied or
imposed on said Zctred subsequent to the year 19?1 . Second part y °
atao agree to pay aZZ costa, aharges and expenses, ta~yer's fees and ~
titZe searches, reasonably ineurred or paid by the first pctrty ~
because of the faiture of aeeond part y to pron?ptly and fulty comply
rvith aZt aonditione and eovenanta in this Agreement. In the event ;
second part y fait to pay, u~hen dus, any tcr~eas, assessments, or ~
other e wna of monsy payabte by virtue of this Agreement, first party
may pay eame ~ithout u~aiving or affecting their option to forectose
thia Agreement, and att euah paymenta shatt bear interest from date ;
theraof at th• highest rata then allor~ed by the La~a of the State of
FZorida. ;
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If any sum of money herein referred to be not promptty paid s
.~vithin thirty l 30) days next after the same beeomes due, or if
eaah,and every one of the agreementa, etiputationa, conditions and
,eovenanta of this Agraement are not fuZty performed, aomptied ~ith
ctnd abided by,~then the entire unpaid batance of this Agreernent shatl
forthwith and th6reafter, at the option of the first party, beeome ;
due and payabZe and the estate hereby created in aecond part ,
shatt cease, Lerminate, and be nutt and void. Purther,nore, this
Agreement shatt, at the option of the party of the first part, be
forfeited and terminat~d, a~d ths party of the second part ahaZt
forfQit at~~paymanta mad~ by thsm on thia Contract; and such pa~ments
ahaZZ bs retain~sid ~by -tk~~aaid party of the firat part in fuZZ
BoQ~ ~6 1237 =
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