HomeMy WebLinkAbout0608 ReGfl\'ED ' O ~N PAYMEIIT ~ ~n 248195 ~
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C'!C ON CtJ1SS ~ Q,.~}S. ACIS ~F ]Y)l. .
WJRSIW~T TQ ~~ER~ POI1M~
C~~ ~~~;T ~at, st. ~~~E Fu ARlICLE nF ACREEMENT
~
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NAD~ thia 23rd day Qf Septs~nber, A. D. 1972, bet~een
MAJOR EXCAYATING CONPANY, IHC. , a Ftor£da CorForution, party
of the first part and LAMAR A. DURRAAC~ and VIRCIB DURRAHCB, his o~ifs
parties o f the secon~ part., ~ d 9
W I T N E S S E T B f t ~ h ~
TN~4T if the said parties of the second part shatt first
mak• the payments and perform the ~ovenants heretinafter mentioned,
cn their part to be nrade ared perforn~ed, the said party of the
_ first part hereby covenant8 and agrees to ~onvey and ct8sure to the
said parties of the second part, th~ir hei.rs, exer.utors, adminis-
trators or assigns, in fee stimpte, ctear of atl encumhrances, by -
t~ good and sufficient Deed, the Zot, piece or parcet of Zand, sitK-
ated in the County of St. Lucie, Statg of Florida, known and
described as fol tor~s:
Lot 5, BZoak 1, Untit III of Creenaares Subdtivision
as racorded in Ptat Book 16, Page 28 of the Pubtia Records
of St. buaie County, FZorida.
and the said parties of the second part hereby covenant and agree
to pay to the party af the first part the sum of Fi.ve Thousand Seven
Bundred 1Vinety-Fzve ($5795.00 r~ith interest from date at the
rate o Bi ht Per Csnt f8.0 er annum as ott ru •
~ f 9 o s.
P f
E Siac Eundred Hinety-Ri»e Dottars 6~Q,00 ) upon the signing
i of this Agreernent, the receipt r~nereo; is %~Sreby acknoratedged, and
the I~atance as foZZo~s: "
Forty-Bine DoZZars 6 lVinety -Fiv Cents lS 49t93 ~ per month on
the pir8~ day of eezch month t~ereafter, begLnnin,q Xovember 1 ~
19 ~Z, unti Z the ~hole be ;:c Zty paid.
~
i~ Each instattment shatt first be apptied on the payment of inierest
~ and then on the unpaid ~atance o,f the principaZ sum.
i0a ~ On any instattments r~hicn are not paid ~rithirc Seven 1 days
+ v+~f ; rom due date, it is optionat c;ith nart~ o; the ~irst part to charge
,par~ia8 of the second ~art a Five DoZZar ~ (S 5.00 )
~ ~ `venalty c3:arge on the Zate paument.
t~ ~
~~OC~+~ ~ ~Said Farties of the second ~art he»e3r~ covenant and agree to pay att
~ taxes, a~sessments or impositions that mau Le Zeaatty Zevied or
~--~+x ~ impesed on said Zand subsequent to the year 1972. Second parties
Q~~~ 1111 N atso agree ~o pau aZt costs, ehar3es and ext enses, Za~~?r~er's fees and _
~-~~2 ttitte searcnes, reasonabZu incurred or paid ?~y the first party
~(jjq~`=~~~,~~j~ because of the faiture of second parties to promptly and fulty eompZy
r~ith att conditions and covenants in this Ilgreement. In the event
~ E 1 1 0 0 second parties fczi Z to pay, r~hen due, any tares, assessments, or
:'INT other sum8 of money pauabte by virtue of this Agreement, first party
:~y~tt ..:mBy..pay same r~ithout ~vaivin~ ar affecting their option to forectose
this Agreement, and att such payments shatt bear interest from date
; thereof at the highest rate then aZtor~ed bu the La~s of the State of
; Ftorida.
~
~ .
; I f any sum of nroney herein re; erred to be not promptty DAZCI
; r~ithin Thirty (~0 ) days next af~er the scrme becomes due, ar if
= each and every one of the agreements, stiputation~, conditions and
< covenants of this AgrEement o.re not fulty performed, comptied ~ith
~ and abided ~y, then the entire unpaid bctance of thtis Aqr~ement shaZZ
: forthraith and thereaf~er, at the option of the first party, becon?e
~ due and payubte and thL estate hereby created in second part ies,
~ shatl cease, terminate, and be nuLZ and vcid.* Furtliermore, this
~ Agreement ahatt, at the option of the party of the first part, be
~ forfeited and terminatad, and the parties t~}' the second part ehaZZ
j forfeit srt Z payments made br~ the»r or~ this Contraet; arcd such payments
; ehall be retained by tlie said party of the ;'irst part in fult
~
*if the entire ba.lance is not paid within 90 days thereafter. .
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