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1 L_._ IN ?\`!"e+lT OF 1~ ~
RfCEI~'L~ Z C, ~y: ~,IBIE °E^ l ?R0~'ER .
a~ cuu' ,ER n~i~. ~s aF zsn.m~
Pu~j ~
~ ~ ~ ARTICLE OF AGREEMENT
C?E1~1 i
MADE this Sth day of Aprit , A. D. 19~E, bet~een
MAJOR EXCAYATINC COMPAHY, INC. , a Florida Corporation, party
of ths firat part and 80MSR R. JOLLY AND MARGARST B. JOLLY, htis mtife 4
~ parttis8 of the escond part, 1pg Amy Lans, Ft. Ptierce, Ftorida
v
1? I T N E S S S T 8
TNAT if the said partwss of the second part shaZL firat
nnaks the paymenta and perfor?n the covenants hereinafter mentioned,
on their part to be ~nade and performed, the euid party of the
~ first part hereby covenartts and agrees to convey ared assure to the ;
said parties of the eecond part, their heira, executors, ad~ninis- ~
trator8 or asaigna, in fee stimpte, ctear vf att encumbrances, by ~
h good and suffticient Deed, the Zot, piece or parcel of Zand, situ- ~
ated in the County of St. Lucie, State of Ftorida, knou~n and `
des~ribed as fottor~a: ;
Lot 2, Btook 2, GRSSA ACRBS Unit II S/D
as recorded in PZat Book Ie, Page 17, ;
i
of the Pubtic Reaords of St. Lucie County, FZoridu. ~
and the said partiee of the second part hereby covenant and agree
to pay to the party of the~irat part the sum of fifty-8even hundred
ninety-five doZZar~f 74J, ---1, u~ith interest from date at the
rate of eight l 8x X) per unnum as fottorus: Sia~ hundred
ninety-nine doZtara
699.00 1 upon the signing
of this Agreement, the receipt ~hereof is hereby aeknor~tedged, and
the batance as fo Z tor~s : Forty nine do Z Zars
and ninety-five cents
(S 49.95 1 per month on
the firat day of each month thereafter, beginnin,q May 1 ,
19 72, untit the u~hoZe be futty paid. ~
3
~ Each instaZZment shaZZ first be apptied on the payment of interest ~
and then on the unpaid batance of the principat sum. ~
~
On any instal tments r~hieh are rtot paid r~ithin five ( S 1 days
from due date, i t is optiona Z r~i th party o;' the first part to charge
part ies of the second part a five doZZar 155.00 1
penalty eHarge on the Zate payment.
Said part ies of the second pa~t hereby covenant and agree to pay att- ~
taxes, assessments or impositions that may be Zegatty Zevied or ~
imposed on said Zand subsequent to the year 29 71. Second part ies 4
atso agree to pay att costs, charges and expenses, Zar~yer's fees and i
ttitte searches, reasonabZ~ irccurred or paid br~ the first party ~
becauae of the failure of second part ies to promptZy and futty eompty ~
r~ith att cortditions and covenanta in this Agreement. In the event ~
second part ies fai Z to puy, r~hen due, any tates, assessments, or
other sums of money payabte by virtue of this Agreement, first party ~
may pay same r~ithout raaiving or affecting their option to forectose {
tc~ this Agreement, and aZt euch payments shat t bear interest from date ~
~ : thereof at the highest rate then attor~ed by the Lar~s of the State of °
~ Florida.
o .
;~h~ ~rt - If any sum of ~roney herein referred to be not promptty paid `
E-.~ r~ithin thirty ( 30 1 days next after the same beeomes due, or if '
f each and every one of the ag reements, stiputations, conditions and ~
~i , covenants of this Agreement are not futty performed, complied r~ith ;
'~a~~, n and abided by, then the entire unpaid balance of this Agreement shatl T
;~~~z ; forth~ith and thereafter, at the option of the first party, become {
i~ w~~ Q due and payable and the estate hereby created in second parties , {
shatt cease, terminate, and be nutl and void. Furthermore, this
N Agreement shatt, at the option of the party of the first part, be
'j'o!j~i i forfeited and termincrt~d, and the partiea of the seeond part ahatt
''~'O ~ i~'~ forfeit all paynrent8 made by them on this Contract; and such payments
£ 6 Q p shall be retained by the aaid party of the first part in futt
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