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Home My WebLink About0295 ~ rt. ~J~~~~~~ ~ • ~g ~ ~E ~ ARTICLE OF ACREEMENT 2~~6 ~?i/~~tl?1~ e'~ ~~y?~ ~ . ~ ~ MADI~ this 30th da~J of Hovofib~r ~ A. D. 19 ~a between MAJOR SXCAYATINC CONPANY, INC. , a FLorida Corporation, party ; of the fir8t part and 88RNAA W. CRAb?8AN and FRAA BS GRAXTBA~l, h~s ~~'ft ~ Par~~a of the aecond part, //4 ~c ~,.~„Q., ~w,.~ i W ITNESS~T B ~~'~"cu'`'~'/~=~a". f. TBAT if the said part{Qa of the aecond part ahalt first ~taks the payments and perform the Qovenants herei.nafter mentioned, . on thsir part to bs made and performed, the aaid party of the first part hereby covenanta and agrses to convey and aesure to the aaid part.~s8 of the second part, their heire, asecutore, adminis- ~ trators or aaeigna, in fea stimpte, alear of aZt en~umbrancas, by ~ good and sufficient Dsed, the Zot, piece .or parcet of Zand, situ-- ated in the County of St. Lucie, State of FZorida, knoran and ~ described as fotto~s: ~ t,_ c .Lot 8, BLook S„ Un~t III of Grasnaorva S4bd~v~s~on ~ aa r~oord~d ~n 8 Ptat Book 16, PaSQ 28 of thQ P~bZ~o R~oords oj St. Lxe~• County, Ftor~da. . ~ and the aaid part iQS of the aegond part hereby covenant and agree ~ . to pay to the party of the firat part the su~n of F~va Thoueand Ssvon _ bir~ndred A~n~ty-Fivs !S 5795.00 .~,,,~zth irctere8t from date at the :t~ rate of Sight PQr C~nt { 8.0 x1 per"drtnuin~ as~ fottor~s: F~fty. Dottara and OOi100 (550.90 1 upon the signing of thzs Agreement, the receipt r~hereof is hereby a~kno~tedged, and the batarece as fotto~8: BatanQa of Dor~n Pa~mQnt S849.00 on or bafors danuary 1, 39~3 . Porty-Afx• DoZZars and 96.100 lS49.85 J per month on Lhe lrtr8t day of aach month thsreafter, ~oginning Febr;ttp~/ Z_ ~ 19 ~3, until the ruhote be futtg paid. Each irestaltment shatt first be apptied on the payment of interest ' and then on the urepaid batance of the principal sum. On ctny instattments ~ahich are »ot paid ruithin g~yQn f p 1 days fronr due date, it is optionat ~ith party of the first part to charge part of the second part a F~ve DotZar •5.00 1 • penaZty charge on the Zate payment. Said part{a8 of the second part hereby couenant and agree to pay atl taxes, assessments or impositions that may be ZegaZZy Zevied or imposed on said tand subsequent to the year 1~2 . Second part ;se ~ also ctgree to pay -atl costs, ~harges and expenses, Za~ayer's fees and ttitZe searches, reasonabty incurred or paid by the first party becauae of the faiture of second part Z68 to promptly and futly co~rpty ~uith aZZ condition8 and aovenanta in this Agreement. In the event second partis8 fail to pay, ~hen due, any tasss, aasessments, or other sum's of money payabte by virtue of this Agreement, first party may pay aame r~ithout r~aiving or affecting their option ~o forecZose this Agreement, and att such paymenta shaZZ bear interest from date thereof at the highest rate then ctltou~ed by the La~s of the State of Ftorida. ~ If any sum of money herein referred to be not promptty paid r~ithin Thtirty ~ 30 ) days next after the same becomes dree, or if each and every one of the agreements, atipulations, conditions and ~ covenants of this Agreement are not futty performed, ~ompZZed ~ith 4 and abided by, then the entire unpaid batance of this Agreen~ent shaZZ forth~tith and thereafter, at the option of the firat party, beao~re due and payabte and the estate hereby areated in seeond parti ghatt ceaae, terminate, and be nult and void. Furthermore, t~ze Agreement ahaZZ, at the option of the party of the first part, be ,forfeited and terminatod, and the part~BB of the second part ahaZZ forfeit atl payments made by them on this Contract; and such payments ahatZ be retained by the said party of the ftirat part in fult , eo~K2~.~ FacE 295 X ~ z .x ~.r;~ ~ ~ ~