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~ . ~ IN PAYMEII~~~
R~EtVED '~'-,C. ~1~GtBlE PERSOMRL ~~0~~~
~E 0~ 1ER 71•134. 11~j3 ~ 1911. rn!
pUgSUNNT 10 ~ER PO~iRI?S U
~ c~'j ~T~ st, ~~E 00y FU~ ARTICLE OF ACRBEMENT
~ NADE this 23rd day of DecemberA. D. 1971 , bet~een
MAJOR BXCAVATING COMPANY, INC. , a Florida Corporation, party ~
of the firat part and ARLENS A. DITTMAN .BG'~ S/~ ~/~~p,vAdE
party of the aecond part, /~,~r-T-~'~-4~f~~ ~~~lU ~/o,~~ !
1? I T N E S S E T 8
THAT if the said party of the aecond part shatZ first
~nak~ the payment8 and perform ths covercanta hereinafter mentioned,
on their part to be made and perfor?ned, the aaid party of the
ftirst part hereby covenants and agrees to ~onvey and asaure to the
said part~ of the aecond part, their heir8, executors, admirti.s-
trators or assigns, in fee simpte, clear of att encunrbrareaes, by
h good and suffticient Deed, the Zot, pie~e or parceZ of Zand, situ-
ated in the County of St. Lucie, State of Ftorida, knorun and
described as fotto~s:
Lot 8, BZock 2, Unit II of Greenctcres Subdivision
as recorded in PZat Book 16, Page 17 of the
Pubtic Records of St. Lu~ie County, Ftortda. .
and the said pctrt y of the second part hereby covenant and agree
to.pay to the party of the first part the aum of Five Thousand Four Run-
dred Ninety-Five ~s 5495.00 1, r~ith interest from date at the
rate of Eight Per Cent ~ 8.0 x1 per annum as foZZor~s:
Three Aundred Ninety-Nine Dots. ~s 399.00 ~ upon the signing
of this Agreement, the receipt rahereof zs hereby acknor~ledged, and
the ba Zance as fo Z Zor~s : .
Forty-Nine DoZtars and 95/100 49.95 1 per month on
the Fiast day of each n?onth thereafter, beginnire,q February ~
I 9 92 , unti t the ~ho Ze be fu t ty paid. .
Each ~nstaltment shall first be apptied on the pctyment of interest
_qndP~~ t~ unpa~i,d ba nc he p' ci.pa sul~
J<~, ..Cl. ..r..,.,..N
On an~ installments ~a ich are aat °1~
v~• y paid ~ithzn S pen ~ 7 ~ day$
~ from due date, it is optionat r~ith party of the ,~irst pctrt to charg~-
party of the second part a Five DoZlur 5.00 ~
/ penalty charge on the Zate payment.
Said part ~ of the second part hereby covenant and agree to pay alt
taxe~,--assessments or impositions that may be Zagatty Zevied or
' imposed on said Zand subaequent to the year 19 ~I. Second part
a tso agree to pay a t t cos ts, charges and expenses, larayer's fe~s and
titZe searches, reasonabtu incurred or puid by the first party
because of the failure of second part y to promptty and fulty compZy
r~ith alt conditions and covenants in this Agreement. In the event
second party fai Z to pay, r~hen due, any ta.tsa, assessments, or
other aums of money payabte by virtue of this Agreement, firat party
; ma~ pay same r~ithout r~aiving or affecting their-option to forectose
;~;1` ~ this Agreemerct, and aZZ such paymenta shaZZ hear interest from date
co thereof at the highest rate then aZZor~ed by the Lar~a of the State of
Florida.
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"p~! re~ ~ If any sum of money herein referred to be not promptZy paid
. r~ithin Thirty ( 30 ) days next after the same beeomes due, or i f
each and every one of the agreements, stiputations, conditions and
~•5~.8~;"~~ covenants of this Agreement are not futty performed, eomplied ~ith
~ i; r~``-•:r:? and abided by, then the entire unpaid batance of this Agreement ehat l
~~l~ ~ forthr~ith and thereafter at the o tion o the zrat art become
P f f~ P y~
'~~z,> a due and payab Ze and the estate hereby ereated in ee~ond part
~w~Y ~ ~
ahatt eease, terminate, and be nult and vozd. Furthermore, ~his
' N Agreement shcttt, ~at the option of the party of the firat part, be
?~'p±w or etted artd terminatad and the
f f , part of the second part ahaZZ
~U3o ~1?~UU1~ forfeit atl payments made by them on this Contract; and such pa~ments
6 0 p shalt be retained by the eaid party of the first part in full
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