HomeMy WebLinkAbout1749 Z~ V
IN pAYMEN~ ~r1.
NI~L
RECE~~ s 1N11?NG19lE ~~S ~ U~•<< • 251129
~ ~ ~„~1ER ~ f ,,I
1~~1, st• ARTICLB OF ACREEMBNT
MADI~ this II th day of Novsmbe~ A. D. 1972 , bet~aaen
MAJOR EXCAVATINC COMPANY, INC., a Ftorida Corporation, party
, of the ftirat part and CBARLSS J. AHDERSON and MdRY S. AADSRSOIV, his r~if
partties of the second part, /p0 QE"~,?i?A ,~~,1,~IE~ ~~~~,~E~FiG4.
;
N I T N E S S S T B
TNAT if the suid part i68 of the second part ahatt first
ntak• the payMente and perform the covenants hereinafter mentioned,.
on their part to be made and performed, the aaid party of the
._fi~st part hereby covenanta and agreea to cortvey and assure to the_
said part ies of the aecond part, their heirs, executora, adminis-
trators or assigns, in fee simpte, clear of att encu~rbran~es, by
h good and suffi.cient Deed, the Zot, piece or parceZ of Zand, sitti-
ated in the County of St. Lucie, State of Ftor~da, kno~n and
described as fottor~s:
Lot I, Btock 3, Unit III of Greenacres Subdivision as
recorded in Ptat Book 16, Page 28 of the Pubtic Records
of St. Luaie aounty, Ftorida.
and the said part ies of the second part hereby covenant and agree
to pay to the party of the firs t part the sum o f Sis 2housand T'r~o Hundred
~ Hinety-Pive and 00 (S 6295.00 1, r~ith interest from date at the
~ rate of Eight Per Cent ( 8.dr) per annunr as foZZorus:
One Eundred Dottara & 00/200 (5100.00 ) upon the signing
of.this Agreement, the receipt r~hereof is hereby acknor~tedged, and
the batance as fottor~s: Eight hundred ninety-nine dotlars on or before
Aovember 16, 1972
Forty-Nine Dottars and 95/100 (549.95 1 per month on
the Firat day of each month thereafter, beginning ~Qnuary 1 ~
29 73 , untit the r~hote be futly paid.
Each instattment shatt first be appZied on the payment of interest
and then on the unpaid batance of the principat sum.
14 On any instattments r~hich are ttot Faid r~ithin g6ygn ( y) days
~ from due date, it is optionat u~ith part~ o;' the first part to charge
parties of the second part a Five DoZlar ~S 5.00 ~
penatty charge on the Zate pay~nent.
Said part ies of the second part hereby covenant and agree to pay alt
taxes, assessments or impositions that may he Zegatty Zevied or ~
imposed on said Zand subsequent to the year 19 ~Z. Second parties
also agree to pau att costs, charges and expenses, Zar~yer's fees and
ltitte searches, reasonabtu incurred or paid by the first party
.~~~,~~lbecause of the faiZure of second parties to promptty and fully compty
0 r~ith att conditions and covenanta in this Agreement. In the event
~4~; .
second part ies fai Z to pay, ~uhen due, any ta.~ces, assessments, or
a m other sums of money payabte by virtue of this Agreement, fir8t party
o may pay same r~ithout r~aiving or affecting their option to forecZose
(~M,'~ 1~1+ this Agreement, and aZZ such payments shatt bear interest from date
thereof at the highest rate then attor~ed by the Larus of the State of
~ s. Flor.i~a.
~ .
~ If any sum of money herein referred to be not pronrptty paid
q~l 'rvithin Thirty (30 ) days next after the same becomes due, or i f
each and every one of the agreements, stipulations, conditions and
- covenants of this Agreement are not futty performed, complied r~ith
~ !u1N and abided by, then the entire unpaid batance of this Agreement shatl
d-:~is forthr~ith and thereafter, at the option of the first party, become
~~Ptl~~tlltl due and pctyabte and the estate hereby created in second part i68,
ahatt cease, terminate, and be nutl and void. Furthermore, thza
E 8~ 3 6~O O Agreement ahatl, at the opttion of the party of the fir8t part, be
sx~ricu forfeited and terminatad, and the parties of the second part shatt
~~y~~~ forfeit at t payments made by them on this Contract; and 8uch pa~mercts
8hatt be ret¢ined bb the aaid party of the firat part in fuZt
6~eK 212 racr ~.74~
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