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ARTICLE OF AGREBMENT 25~28
I NADI~ thie 2nd day of Decembe2s A. D. 19 ~g betr~sen
AIAdOR BXCAVA2'I1VC COMPAAY, IHC. , a F.Zorida Corporation, party
~ of the firat part and WILLIAI~! C. CLBVELAAD ctn BSLSA CLEYBLAHD, htis r~ifs
'1 part~e8 of the eeoond part, l~~ ~~~~y,~
_ ~f . ~„c~,a~,~, ~ ~c 1 a ,
f? I T N E S S~ T 8
TNAT i f the said part i68 o f the aecond part sha Z Z first
~nak~ the paymenta and perform the covenanta hereinditer me~tzoned,
~ W~ on their part to be made and performed, the said party of the
~ firat pQrt hereby covenanta and agrees to convey and usaure to the
~ ti-- aaid part i68 0~ the second part, their heirs, executors, adminis-.
~_;N ~ trators or aaaigns, in fee simpte, ctear of att encumbrances, by
h good and auffticient Deed, the Zot, pieee or parceZ of Zand, stitu-
L?~~~ ated in the County o f St. Lucie, State of Ftorida, knorun and
~ g, described as fo Z Zot~s :
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e~ ~ ~
4~ r Lot 7, Btoak 3, Unit III of Greenaares Subdivision
~ ~ as recorded zn Plat Book 16, Page 28 of the PubZio
o Recorda of St. Luaie County, Florida. ~
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L~~~ ~ and the aaid partz68 of the second art hereb covenant and a ree
td~ p y 9
to puy to the party of the first part the sum of Five Thousctnd Seven Eun-
dred Hinety-Five ~S 5795.00 1, r~ith interest from date at the
rate of gi9ht Per cent ~ 8.0 x1 per annum as fottoms:
Six Xundred Ninet -Nine DoZZare ~s 699.00 1 upon the signircg
. of this Agreemen~, the reaezpt r~hereof is hereby acknoraZedged, and
the ba Zance as fo Z Zor~s :
Forty-Nine Dottars and 95/200 ~s 49.95 1 per month on
the First day of each n~onth thereafter, begannin,q ~anuary 1 ~
19 ~3 , unti Z the u~ho Ze be fu Z Zy paid,
Each inataltment shaZZ first be apptied on the payment of interest
and then on the unpaid batance of the principaZ sum.
On any instat tments tuhich are ~ot paid r~ithin Seven ( 7 1 day$
from due date, it is optional u~ith party of the first part to charge
par~ies of the second part a Five DoZtar & 00/100 ~S 5.00 1
penatty charge on the Zate payment.
Said part ies of the second part hereby covenant and agree to pay alt
taxes, assessments or impositions that may be•Zegatty Zevied or
imposed on said Zand subsequent to the year 29l2. Second parl~BB
atso agree to pay alt costs, charges and expenses, Zar~yer•s fees and
titZe searches, reasonabZu incurred or paid by the first party
because of the failure of second part Ze8 to promptty ctnd futly compty
~ith att conditions and covenanta in this Agreement. In the event ~
second parties fait to pay, r~hen due, any tassa, asseeaments, or
other sums of money payable by virtue of this Agreement, first party ;
may pay aame r~ithout r~aiving or affecting their option to forectose ~
this Agreement, and alt such payment8 ahalt bear interest from date ~
thereof at the highest rate then allor~ed by the Lau~B of the State of ;
Florida.
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If any sum of money herein referred to he not promptty pctid ±
r~ithin Thirty ~ 3d days next after the same becomea due, or if
each and every one of the agreements, stipulations, conditiona and ~
covenants of this Agreement are not fuZty performed, eomptied u~ith ~
and abided by, then the entire unpaid batance of this Agreen?ent.ahatl ~
forth~aith and thereafter, at the option of the firat party, beoome °
due and payabte and the estate hereby ~reated in second partie$ ~ ~
shaZZ cease, terminate, and be null and void. Furthermore, thza
Agreen~ent shatt, at the option of the party of the firat part, be
forfeited and terminatod, and the part Ze8 of the second part ahatl
forfeit alt paymenta made by them ort this Contru~t; and such pa~ments
ahalt he retained by the aaid party.of the firat part in fult J
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BooK 212 ~act ~747
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