HomeMy WebLinkAbout1178 . . 2so~os ~
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FAN6181E~
µ.~js pf 1911.
ARTICLE OF AGREEMENT
PURSIM~i i0 ~iER P011RA~~IE
~p~ C(RWIi ~pT~ S~. r
MADB this 31at day of Maroh , A. D. 197E, bet~aesn
i MAJOR L~XCAVATIIVC COMPANY, IHC., a Ftorida Corporation, party
V of the firat part and LOUIS W. CARTB'R ~ VIRGIAIA M. CART~R hie ~ife
partties o f ths aecond part, ,~,~,v£/ F%~:,E.e c~ r-
i~ q,
N I T N E S S E T E E
TliAT if the said parttie8 of the aecond part shatt fzrst
~naks the payments and perform the covenunts hereinafter.mentioned,
on their part to be made and performed, the satid party of the
.first part hereby covenants and agrees to convey and aesure to the
said part ie8 of the seaond part, their heirs, executora, adminis-
trators or asaigna, in fee simple, ctear of atl encumbrances, by
t~ good and auf
ficient Deed, the Zot, piece or parce t o f Zand, si ttt-
ated ire the County of St. Lucie, State of Ftorida, knoran and
described as fot tor~s:
Lot 2, Btock 3, CREEAACRSS UNIT II S/D
as recorded iri PZat Book 16, Page 17
of the Pubtic Re~ord8 of St. Lucie
County, FZorida
and the aaid partti¢$ of the second part hereby covenant and agree
to pay to the party of the first part the sum of fifty-eeven hundrsd
ninety-five doZZar~S 5795.00 1, r~ith interest from date at the
rate of eight ( 8x) per annu?n as fotto~s:
Six hundred ninety-nine doZZers ~s 699.00 1 upon the signing
of this Agreemerct, the receipt ~hereof is hereby a~kreo~aledged, and
the batance as foZZor~s:
Forty-nine doZZars
and ninety-five cents (S49.95 J per month on
the first day of each month thereafter, beginnin,q May 1 ,
19 ~2, unti t the r~hote be fu t ty paid.
-'-"""r' Each instaZlment shatZ first be apptied on the payment of intereat ~
~
~ :and then on the unpaid balance of the principat sum.
D'" ~
,5~~ o On ctny installments r~hich are not paid ~ithin Seven ( 71 days
i d from due date, it is optionat u~ith part~a o;' tne first part to charge
arties o the second art a
t~~? , p f p five doltar (SS.00 1
penatty charge on the tate payment.
ll. '
t:
r~,,,,,,,-' Said parties of the second part hereby covenant and agree to pay atl
~r Qi~ ~ ~taxes, assessments or impositions that may be ZegaZZy Zevied or
~~z~ ~ imposed on said Zand subsequent to the year 19~1. Second part
!~--u,~y ~ atso agree to pau aZt costs, charges and expenses, Zar~yer's fees and
j Q~~~ « title searchea, reasonablu incurred or paid by the first party -
!~v1~ ,i,.° because of the faiture of second part~;e8 to promptZy and fuZZy compZy
;~o~?j~~~~~~~~ ~aith att conditions and covenanta in this Agreement. In the event
~
o second partLe8 fait to pay, ruhen due, any tassa, assessments, or
fi£ 6 0 0 other aum8 of money payable by virtue of this Agreement, first party
! may pay same rvithout rvaiving or affecting their option to forectose
f ~`couMii~E this Agreement, and alt such payments shaZt bear interest from date
! thereof at the highest rate then altor~ed by the Larus of the State of
` ' Ftorida.
' - If any sum of money-herein referred to be not promptZy paid
r~ithin thirty ~30 1 days next after the same becomes due, or if
each and every one of the agreementa, atiputations, conditions and
` covenants of thia Agreement are not fulty performed, complied r~ith
~ and abided by,~then the entire unpaid batance~of this Agreement shaZt
; forthrvzth and thereafter, at the option of the first party, become
' due and payabte and the estate hereby created in second pctrtie8 ,
~ ahaZZ cease, terminate, and be null and void. Furthermore, this
g Agreement shaZt, at the opttion of the party of the first part, be
; forfeited and terminatad, and the part i68 of the aecond part a~iaZt
i forfeit alZ payments made by them on this Contract; and auah payments
~ ahatt be retained by the 8aid party of ~he first part ire futl
i
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