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ARTICLES OF AGREEMENT ; ~7:
Made this ~ day of October, 1972, between LARRY
McIVER and VANGE McIVER, his wife, parties of the first part
and P. L. KEEN, 4600 Elm Ave}~ue, Ft. Pierce, Florida, party
of the second part,
WITNESSETH, that if the said party of the second part
shall first make the payments and perform the covenants here-
inafter mentioned on his part to be made and performed, the
said parties of the first part hereby covenant and agree to
convey and assure to the said party of the second part, his
heirs, executors, administrators or assigns, in fee simple,
clear of all encumbrances whatever, by a good and sufficient
deed, the piece or parcel of land, situated in the County of
St. Lucie, State of Florida known and described as follows,
to wit:
The E 1/2 of the NE 1/4 of the NE 1/4 of
Section 28, Township 34 South, Range 39
Eas t
and the said party of the second part hereby covenants and
agrees to pay to the said parties of the first part the sum
of Twelve Thousand Five Hundred and no/100 Dollars, ($12,500.00)
in the manner following, to wit: Three Thousand Six Hundred
Twenty Five Dollars ($3,625.00) on even date and the remaining
Eight Thousand Eight Hundred Seventy Five Dollars ($8,875.00)
payable in seven (7) successive equal annual installments of
One Thousand Two Hundred Sixty Seven and 86/100 Dollars',
($1,267.86) each, the first of which shall be due and
payable one (1) year after date,
with interest at the rate of seven percent (7$) per annum,
payable with principal annually on the whole sum remaining
from time to time unpaid; and to pay aIl taxes, assessments
; ~or impositions that may be legally levied or imposed upon
! said land subsequent to the year 1971. And in case of failure
~ of the said party of the second part to make any of the pay-
~ ments or any part thereof , or to perform any of the covenants
on his part hereby made and entered into, this contract shall
~ at the option of .the parties of the first part, be forfeited
and terminated and the party of the second part shall
forfeit all payments made by him on this contract; and such
payments shall be retained by the said parties of the first
part in €ull satisfaction and liquidation of all damages by
them sustained, and the said parties of the f irst part shall
have the right to re-enter and take possession of the
premises aforesaid without being liable to any action therefor.
This contract shall not be assigned without the written con-
sent of the seller and if assigned shall become void without
this written consent.
g If default is made in the payment of any installment
~ when due, then at the option of the parties of the first part
~ and without any other notice, all the remaining installments
~ shall become due and payable at once. The party of the second
~ part agrees to pay all costs including a reasonable attorney's
~ fee in the event of default.
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~Et~e~t
This ir~strune~t was prepared by ~ a u~~i~ `
o f~cizs 124•A No. 2nd St ~
t,t~„ha,.l Je ~ ~ ~ ~ ~ co,~ ~
Fort Pierce, Fla.
a°oo~20? n~ 8$~
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