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A RTI CLE OF ACRE~MENT
MADB this 17th day of January , A. D. 1972, bet~een
MAJOR ~XCAYATING COMPAHY, INC., a Ftorida Corporation, party
of the firat part an~i WILLIAM I. and ELIZABPTH D. MOORE~ 215 Melissa -
parties of the aeoond part, ~?ne~ Fort Pierce~ Florida
fir I T N E S S E T 8
THAT if the aaid parfles - of the ascond pctrt ahaZt first
~ak~ the paymenta c~nd perform the covenants her6inufter mentioned,
on their part to be made and performed, the said party of the
first part hereby covenanta and agrees to convey and assure to the
said parties of the seeond part, their heirs, executora, adminis-
trators or asaigns, in fes simpte, ~Zear ~f att en~umbrances, by
tt good and sufficient Deed, the Zot, piece or parcel of Zand, situ-~
ated tin the County of St. Lueie, State of FZorida, knor~n and
described as fot tor~s:
.
Lot 8, Block 6, Green Acres~ Unit 3 S~D ~
St . Lucie County ~ F].orida ~
and the said parf,ies of the secorcd part hereby covenant and agree
to pay to the party of the firat part the aum of sixty-tWO hundred
ninety-five fS 6295.00 1, ~ith interest from date at the ~
rate of eight ~ 8 x) per annunr as fot Zo~s:
~
Nine hundred ninety-nine ~$999.00 1 upon the signing
of this Agreement, ~the receipt ~uhereof tis hereby acknorutedged, and
the bcttanee as foZZo~s:
( s 49•95 ) per month on ~
the first day of each month thereafter, beginning J~y , f
19 ?2 , until the rvhote be futl~ paid. ~
Each instatlment shatZ first be appZied on the payment of interest ~
and then on the unpaid batance of the principat aum. ~
On any instattments r~hich are not paid urithin seven ( 7) days '
from.due date, it is optionat u~ith party of the first part to charge
' par~ies of the second part a five dollar (S 5.pp 1 3
penatty charge on the Zate payment.
'•Said parties of the second part hereby covenant and agree to pay att
taxes; assessments or impositions that may be Zegatty Zevied or
imposed on said Zand subaequent to the year 19T1 . Second purt
atso agree to pau aZZ costs, chargea and expenses, Zar~yer's fees and
title searches, rectsonabtu incurred or paid by the first party ;
because of the faiture of second parties to promptly and fully compZy
r~ith cttl conditions and covenanta in thia Agree,ne~t. In the event
second part ies fai Z to pay, rvhen due, any tasas, assesaments, or '
other aums of money payabte by virtue of this Agreement, first party '
may pay same ~ithout r~aiving or affecting their option to foreclose i
this Agreement, and att such payments shaZt bear interest from date :
thereof at the highest rata then aZZor~ed by the Lar~s of the State of '
Ftorida. ~
;
If any sum of money herein referred to be not promptty paid
~ithin thirty ( 30 ) days next after the same becomes due, or if
~eaoh and everr~ one of the agreements, stipulations, conditions and
~ovenunts of this Agreement are not futty performed, compZied ~tith
and abided by, then the entire unpatid batance of thtis Agreement shalt
forthwith ared thereafter, at the option of the firat party, become
due and payable and the estate hereby created in eecond part ,
ahaZZ cease, terminate, and be nult and void. Furthermore, this ~
Agreement shatt, at the option of the party of the firet purt, be
forfeited and terminatod, and the part of the seeond part ahaZt
forfeit at l payments mctde by them ore this Contract; and suah payments
ahatl be"retained by '~l~e eaid party of the first part in futt
BO K~U6' PACE~z `
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