HomeMy WebLinkAbout5221 ARTICLES OF AGREEMENT - Page Two.
penalty charge of $6.25 will be made. In addition,..
if payments are not received by the 15th of the~
month when due, interest at the highest legal rate
shall be computed from the date of the last pay-
ment made by Second Parties through the date the
arrearage is rectified.
The monthly payment of $125.00 is computed upon the
following premise: Principal and interest $113.90; homeowners
insurance policy premium $6.10 per month; and Taxes $5.00 per
month .
First Parties agree to utilize so much of the $125.00
monthly payment as is necessary to pay the real estate taxes and
insurance premium due thereon each year.
First Parties will give Second Parties an annual state- y
ment no later than February 15 of each year, showing the amount
credited to principal, interest, taxes and insurance from payment .
made during the previous calendar year by Second Parties.
' First Parties agree to pay all costs connected with the
€ recording of this agreement, which is to be recorded no later
than December 31, 1973, in order for Second Parties to be entitled
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~ to receive homestead exemption in the .:oming year, to keep the
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~ real estate taxes to a minimum.
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~ Second Parties agree to pay when ciue all assessments which
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~ may be imposed against the property for any type of improvements
; made by any public body which result in an assessment being im- ~
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~ posed against the property.
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~ Second Parties have the option to transfer this contract
_ to any other party with or without consent of First Parties.
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Furthermore, Second Parties are given the option to prepay this ~
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contract upon payment to First Parties of.a 5°~6 premium for pre-
payment.
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~r LAW OFFtG65
~ WILLES, BITTAN & WILLES
P. o. .ox ~ _ go~~ 209 ~~E 22i3
FORT PIERCl. FLORIDA ~S4S0
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