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IN PAYWtiiT l~ . . .
~ A~~~
~,C- ~NT!?kGtBIE PERS0IW. P~~n~ OJ~ f A~
o~ ~ ~Ea n•1'~. IICiS i~f 19]l. rn~ct/ ~ EN ARr T MP. iA>:1
. p~~tSt1AlIT 10 ~~EA POt1fU?S ~ OE~YEpY~
~tllqlR OWai~ 5~. t1lClE CA.. ~
~8',.~ A RTICLB QF ACREB'NENT ~~:u=~~~~ ~ 0~ s 5 i
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NADB thie 30th day of Aeoem~er , A. D. 1972, bet~esn
NAJOR EXCAYATINC COMPAHl', IHC. , a Ftorida Corporation, party
of the firat part and James C. Brgnnqn ~ Thetma 8._ Brannqn, htis raife
~ part zes o f ths eecond part, ~ Y l,~a~A. 7i~,.,~---
z< P~~-u F~a
V I T N S S s~ T 8
TBAT if ths eaid parttes of ths second part ahaZZ first
makt ths pay~s»Le and parform ths covsnanta hereinafter mentiorted,
on their part to bs made and psrforn~ed, the 8aid part~y o; ths
firat part hsreby ~sovananta and agrsQa to convey and asaure to the
aaid parties of ths asaond part, their hsirs, executora, adninis-
trators or assigres, in ~ae simpts, ol~ar of att encumbrance8, by
t~ good and auffs~isnt De~d, ths Zot, piece or parcet of tand, situ-
ated tin the County of St. Luctie, State of Ftorida, knor~n and
desoribed as foZtor~R:
Lot 5, BZoc3t 6, Unit III, Creen Aores Subdi.vision, as reeorded
in Platt Book 16, Page 28, of the Pubtic F.~cords of
St. Lucie Count~;, FZorida
and the aaid parties of ths ascand pat•t hereby covenant artd agree
to pay to the party of the firet part the aum of Five tnousund seven hun-.
dred and ninety- f~8e 5~95. 00 1, r~ith interest frvnr date at tke
rate of eight ( 8 !1 per annuM as foZtows:
Six hundred and ninety-ni~ne - 00/l00
fS 699.0~ ) upcn the aiyning
of this Agrsement, the receipt r~hersof tis hereby acknor~ledged, and
the baZance as fotlo~as:
Fort~-nine doZtars and ninety-five cents
t$ 49.95 1 per month on
the 1st day of each month thereafter, beginning February 1, ,
19 ~3 , untiZ th~ rvhote h~ fuZty paid.
Each inetaltnrent shaZt first be apptied on the payment of interest
and then on the unpaid baZance of the principat sur~.
On any instat tneenta c~hich are nbt paid rvithin seven t 71 days
from du~ date, it is optionat ~vith pai--`y of the firat part to charge
part i~8 of the second part a Five dattar (S S.DO 1
penalty charge on the Zate paument.
Said partte3 of the~8econd part hereby covereant and agree to pay alt
tases, assessments or impositions that may be Zegalty Zevied or
imposed on said Zand subseqt~ent to the year 19y2. Second part
atso agree to pay a2t costa, charges and experesea, Zar~yer's fees and
titte searches, reasonabty tincurred or paid by the first party
becauss of the faiture of second parties to promptly and fulty comply
~tith att conditions and covenante in this Agreement. In the event
8econd parties faiZ ~o pay, rvhen due, any tasss, assessments, or
other aums of money payabte by virtue of thia Agreement, first party
may pay same ~ithout r~aiving or affecting their option to foreclose
thie Agreement, and atl such payment8 ahaZZ bear interest from date
thereo f at tho highee t rata there at Zor~ed by the Lau~s o f the State o f
Ftorida.
If any sum af money heretin referred to be not pro~rrptty paic~
r~ithin Thirty !30 1 daye next after the same becomes due, or if
each and every on~ of the agreefienta, atipuZations, conditions and
covena~nts of this Agreement are not fut~y performed, complied r~ith
and abided by,~then the entire unpaid batance of this Agreement shatt
forthwith and thereafter, at the optior. of the firat partr~, become
~ue aM~ pa~a~~~ and the estate hereby ereated in second parties ,
ahatl cease, terminate, and be nutt and voi.d. Furthermore, tnis
Agree~nent ~hatt, at the option of the party of the first part, be
forfei.ted and terminatod, and the part of the second part ahalt
forfeit att paynrente made bb ~ham on ~his Contract; and suck payments
ehaZZ be retained by the aaid party of the firat part in futt
s0or. A16E ~ ~o o
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