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RE~ 'C INt~i1'~ ~'IRilr'~~~ ~YTi.~~
~E ON ~pSERR ARTI CLE OF AGRE~MEJVT
~RSU~ t+AQE St. Wc~E
~~Eq~ cfi~~t s
MAD~ thi.a Sth day of 1Vovember , A. D. 19l2 , bet~esn
MAJOR EXCAVATINC COMPANY, INC., a Flori.da Corporation, party
of Lhe firat part ctnd RALPB F. SNIPMAH ~ T88'LMA L. SBIPMAN, his a~ife
~ artL68 of the ssaond art
~t~ P P ~ ~D/ ,D~/~~vNfj1~.cJ~ /~-7%~~'.<<~'/
fir I T N E S S 8 T 8
TIiAT if the aaid part z68 of the $econd part ahaZZ firat
mak• the paymente and perform the covenants hereinafter mentioned,
on thetir part to be made and performed, the said party of the
first part hsreby aovenanta and agress to convey and usaure to the ~
said partii,es of the aecond part, their heirs, executors, adminis- ?
trators or assigns, in fee simpte, atear of att encunrbrances, by
~c good and sufficient Deed, the Zot, piece or parcet of Zand, ait4-
ated in the County of St. Lucie, State of Ftorida, knor~n and
described as fot lor~s:
Lot 1, BZoak 1, Unit III of Green Aeres Subdiviszon
us recorded in Ptat Baok 16, Page 28 of the PubZi.c
Recorda of St. LuQie County, Ftorida.
and the said parties of the second part hereby covenant and agree ~
to pay to the party of the first part the aum of Six Thousand Tr~o Hun-
dred Ninety-Five Do.~S 6295.00 1, r~ith intereat from date at the
rate of gight Per Cent ~ 8. 0~1 per annum as fot tou~s :
Trao Hundred Fifty & 00/100 (S 250.00 ) upore the signing
of this Agreement, the receipt ~hereof is hereby ackno~atedged, and
the bcttance as folloras: Six payments of $I00.00 per month beginning
Jan. 1, 1973 to June 1, 1973 inct. After ~ June I, 1973 paymenta ehaZZ
aontinue.. Forty-Nine Dots and 95/100 (S 49.9~ ) per month on
the First day of each ~ronth thereafter, beginning July 1 ,
19 73, untit the r~hote be futty paid.
Each installment shaZZ first be apptied on the payment of interest
and then on the unpaid baZance of the principaZ sum.
On any instaltments rahich are not paid r~ithin Seven ( 7) days
' from due date, it is optionat ~ith party of ~he first~part to charge
parties of the secand part a- Five DoZZar and 00/100 (S 5.00 1
penalty charge on the Zate payment.
Said par~ies of the second part hereby covenctnt and.agree to pay alt
taxes, assessments or impositions that may be Zegalty Zevied or
imposed on said Zand subsequent to the year 2972. Second part ies
atao agree to pay aZZ costs, charges and expenses, Za~yer's fees and
titZe searches, reasorcabty incurred or paid by the first party
because of the faiture of second part ies to promptty and futly ~ompZy
ruith att conditions and covenanta in this Agreement. In the event
second par~iea fail to pay, ~hen due, any tuasa, assessments, or
other aums of money payabte by virtue of this Agreement, first pctrty
may pay same~ r~ithout r~aiving or affecting their option to forecZose
~ this Agreement, and aZZ such payments shalt bear interest from date
~ :thereof at the highest rata then atlor~ed by the La~s of the State of
' ` - Ftorida. ~ ' f
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~ f~ o : - I f any sum o f money herein re ferred to be not pror~pt Zy puid
: r~ithin Thirty l 30 ) days next after the same becomes due, or i f
I-J%., :each and every one of the agreement8, atiputations, conditions and
11 = ~ covenants of thia Agreement are not fulty perforfied, complied r~ith
and abided by,~then the entire unpaid balance of this Agreement shatl
forthraith and thereafter, at the option of the fir8t party, become
j~z~y = due and payabte and the estate hereby created in seeond part ies ~
i shaZZ cease, terminate, and be nutt and void. Furthermore, thie
Agreement shatt, at the option of the party of the firat part, be
~~~..7 N
~U~~ `o forfeited and terminatod, and the part of the se~ond part ahatl
- farfeit all payments made by them on this Contract; and such pay?nents
~~~~'~~t~~~~~~ ehalt be retained b the aaid art o the zrat art in
~ p b f f' p fult _
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conNt~r . . . 6001I~1~ P~~1188 . ~07~
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