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A~MS~ P~lYM
~ AR~ ICLB OF ACREEM6NT ' ~~ht '~as~~f l~t. ~s~
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NADB thie ~lf: '~a~J of January , A. D. 19 betmeert ~r
MAdOR EXCAYATIAG CONPANY, INC., a Florida Corporation, party
of ~he firat part and N.P. Yarborough and Muggie Yarborough, his raife
part.~68 of the seoond part, y~',c-~'d~,- J,~~t~....~
I? I T N E S S E T H ~f ~ _
THAT i f the said part ies of the second part shat t first
mukt the paymenta and perfor~» the covenants hereinafter mentioned,
on their part to bs made and performed, the said party of the
f~.rst part hereby aovenante and agress to convey ured ctssure to the
said parties of the second part, their heirs, exe~utors, adminis-
trators or aastigna, in fee simpta, ctear of att e~c:~mbrareces, by
a good and sufficient Deed, the Zo~, piece or par~et of tand, situ-
ated in the County of St. Gucie, State of Ftorida, knor~n and
described as fot tor~s:
Lot 5, BZock S, Ilnit 3, Creen Acre~ Sub Division of
St. Lucie County PZat Fook Z6, Page 28
and the aaid pctrties of the second part hereby covenant and agree
to pay tv the party of th~ first part the sum of Fifty-seven hundred and
ninety-fi.ve------- [S 5995.00 raith interest from date at the
rate of Eiont ( 8 x) per annum as ,foZto~s:
50 . 00 ) upon the signin~
~ 0 of thi8 Agreemer.t, the receipt r~hereof is herehy ackno~Zedged, and
the batance as otlo~s: f ~ ~
f $649.O~i on or be ore Januar ZS Z973
!(r~! v Fortr~-nine doZZars and 95/Z00 (S 49.95 ) per month on
ett ~he 1 ST day vf each m,6nth thereafter, beginnin,q February 1, 2973
19 , unti Z the r~ho Ze be fu Z Zy paid.
' ti
t .f Each instatl~ent shaZt first be apptied on the paument of interest
y
v•A~ and then on the unpaid baZance of the principat sum.
~
~~i~ ~ On any instaZtments r~hich are not Faid raithin~even ( days
~ from due date, it is optionat ~v~ith partu of the first part ta_ charge
Q~:~ flt! purtZeB of the second part a Five daZtar---------- 5. DO ~
penalty charge on the Zate paument.
a;!IltUli ~
~ 1~ O Said parti~$ of the second part hereby covenant and agree to pay att
taxes, assessments or impositions that may be ZeoaZZy Zevied or
:~:H: ~uciE imposed on said Zand subaequent to the year 19 . Second part
ccu~ts ulso agree to pay att costs, charges and expereses, Zar~yer's fees and
titte searches, reasonabtu incurred ar paid bu the first party
because of the faiture of second part~eS to promptty and fulty comply
j ~ith a?Z conditions and covenanta in this Agreement. In the event
~ second parties ~ fai Z to pay, r~hen due, any tc~.tes, assessments, or
~ other su?ns of money payabte by virtue of this Agreefient, first party
' may pay same r~ithout k~aiving cr affecting thei.r option to forectose
~ this A~reenrent, and att euch payments shatl bear interest from date
thereof at the h~ohest rate then ~Ztor~ed by the Lavs of the State of
Ftorida.
If any sum of money herein referred to be not promptZy paid
~ithin thirty l 30J days next after the same beeomes due, or if
each and every one of the agreements, atiputatzona, conditions and
covenants of this Agreenrent are not fuZly performed, complied ~ith
and adided by, then the entire unpaid baZance of thia Agreement shalt
forthrvith and thereafter, at the option of the first party, becor~e
due and payabZe and the estate here3y created in second part ies,
shatt cease, terminate, and be rcuZZ and void. Furthermore, this
Agreement shatl, ut the option of the party of the first part, be
forfeiteci and terminatad, and the parties of ths s~cond part ahaZt
forfeit all paymer~ta made by them on this Contract; and such paymen~a
shaZt be retained by the aatid party of the firRt part in fuZZ
840K~~~ f~GE V , 71;~~
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