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F~:rtLED s----f-"--'-'"- ~k PAYl~1ENT Of T1~ °'~'a"~~ j
~ ~ 'C' INiANGlBLE PE=• :J~??l P~Q~E1l1Ya 1 ~
D'vE (Y1 Cl11SS
fit; ~WWT 10 C?IRPIFR 71•131: AC{$ Of 1`lll.~(~
~~ip~ ARTICLE OF ACREL'~IBAT
CtEtil CiAWIT t~WRT~ S~. UiCiE 00, R~
l~lADE this 28 day of Daeember, A. D. 29 72, betr~esn
:~AJOR EXCAYATING CONPANY, INC., a Ftorida Corparation, party
of the firat part and CURT~S fl. BUSER and RUSE ~USIs'R, his ~aife
part ies o f ~the seaond part, ~ 0 3 ~I~~, . j~a-~,.c_
N I T N E S S E P B ~f P•~-~-~
TEiAT if the said part ies of the aecond part ahatt fi.rst
ncaks the payments and perform the ~ovenants hereinafter mentioned,
on their part to be made ctnd performed, the aaid party of the
first part he~eby covenanta and agrees to convey and uasure to th~
said part ies of the second part, their heirs, executors, admini.s-
trators or assigns, in fee simpte, cZear of aZt encumbrances, by
tc good and sufficie»t Deed, the Zot, pieee or parceZ of Zand, sitrc-
ated ~n the County of St. Lucie, State of Ftorida, knorun and
dESCribed as fot tor~s:
Lot 2, Btoek 1, Unit III of Greenacres Subdivision
as recorded in Platt Book 16, Page 28 o,f the Pubtic
Records of St. Luctie Couni~, Ftorida
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I and the said part tie8 of the se~ond part hereby ~ovenant and agree
~ to pay to the party of the first part the 8um of Five Thousand Seven Hu~:-
dred Ninety-Five (S 5795.00 1, r~i~h interest from date at the
rate of Eight Per Cent ~ 8.d~~ per annum as fotto~s:
Sia Hundred hine~y-l~ine D~,~ZZars ~s 699~00 ) upon the signing
~ of this Agreement, the rece~pt ~hereo; i.s hereby ackno;~ledged, and
the bat~nce as fotloras:
~.~r.w~
' " " l!!
) er month on
.Q~ ~p Forty-Nine DoZtars and 95/100 ts49.95 P _
~ the First day of each nronth thereafter, begznning February ~
d 19 y3 , unti Z the ~hole be fu t ty paid.
~~~;,~t~ `Each instaZZment shaZt first be appZied on t.he payment of intc•res-t ~
~znd then on the unpaid batance of the principat sum.
u~, '
1,.~~-..• On any instaZlments ~hicn are not paid r~ithtin Seven ~ 7 1 days
~ G
~ Q;~ ~ ;'rom due date, it ~s ontionat ~itk partu of the first part to charge
~~Z.~ ~ part ~,e~ of the second part a F'ive Doltar and 00;'100 rs 5.00 ~
E--~+~; ~ penalty charge on the Zate payment.
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}--~~W Said part ies of the second part hereby covenaret and agree to pay att
~~3Q ~~t1~~ttt~ taxes, assessments or impositions that may be ZagaZ Zy Zevied or
ir.:t~osed on st~id land subsequsnt to the year 19 72. Second part ies
t L 0 0 atso agree to pau atl costs, charges and expenses, Za~;yer's fees and
;x~Kr t~c~F titte searches, reasortabZu incurred or paid b~ the first party
ccuwt~ , because o f the fai l ure o f second part ies to pron?pt ty and ful t y comp Zy
r~ith att condtitions and covenants in thzs Agreemen~. In the event
~ second parttieS fait to pay, r~her due, any tases, assessments, or
other sums of nroney payabZe by virtue of thia Agreement, first party
~ mcz~ pay same r~ithout r~aiving or affe~t.ing their option to foreclose
~ this Agree~rent, and aZt such payment8 shaZZ bear interest from date
~ t'nsreof at the highest rate then attor~ed by the Lar~s of the State of
~ Florida.
a
~ If any sum of money herein referred to be not promptty paid
~ r~ithin ~nirty ~ 3~ days next after th~ same becomes due, or if
~ eaeh and every one of the agreements, stipuZations, conditions and
~ covenan~s of this Agreement are not j'uZty performed, compttied r~ith
~ _'id~d by,~then the enttire unp~id batance of this Agreement shat~
~ ~'a~t, ith and therea fter, at the op~ion of the first partu, become
~ du~~~~nd payabte and the estate hereby ~reated in second part ies ~
~ s cease, terminate, and be :~uZZ und void. Furthermore, this
~ ~ Agrees:ent shaZl, at thQ op.*.ion of the party of the firat part, be
~ forfeited and terminatad, and the pa2~t 2e8 of the secor.d purt ehaZl
forfeit att puyments made by them ~n this Contra~t; and sueh payments
~ shaZZ be retained by the aaid party of the first part in futt
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i BOOK ~11 PACE 6Q~ v•
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