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ARTICLES OF AGRBSMENT - Page nao. '
shall be computed from the date of the ~ast pay~-
ment~made by Second Parties through the date the
arrearage is rectified.
The monthly payment of $122.00 is computed upon the
following premise: Principal and interest $114.37; homeowners
insurance policy premium $5.00 per month; and taxes ~2.63 per
month.
First Parties agree to utilize so much of the $122.00
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monthly payment as is necessary to pay the real estate taxes and
insurance premi~un due thereon each year.
First Parties will give Second Parties an annual state-
ment no lat-er than February 15 of each year, showing the amount .
credited to principaZ, interest, taxQS and insurance from payment
made during the previous calendar year by Second Parties.
Second Parties agree to pay all costs connected with the
;
recording of this agreement, which is to b~ recordEd no later ~
~
than December 31, 19?3, in order for Second Parties to be entitled
to receive homestead exemption in the coming year, to keep the -
real estate taxes to a minim•am. ~
Second Parties agree to pay when due all.assessments which
may be imposed against the property for any type of improvements
made by any public body which result in an assessment being im-
posed against the property.
Second Parties have the option to transfer this contract
to any other party with or without consent of First Parties.
Furthermore~ Sec:ond Parties are given the option to prepay this
contract upon payment to First Parties of a 99~ premium for pre-
payment.
Second Parties agree to pay a11 co~ts, charges and ex-
penses, including a~torneys fees and title searches, reasonably
~ww o~ices
WlLLES. SITTAN & WIL.t.ES
P. O. BOX ~OY Q~ A~~
F'ORT PIERG£. FIORIDA 39~s0 d ~ fr
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