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o~F~~ to ~~ER ~~g~W~~E ARTICLE OF AGREBINENT
PU ~ C~1j • . '
MA06 thtis ;~tti day of "nrc-: , A. D. 197" , bett~een
~ MAJOR EXCAVATIAC COMPANY, INC., a Ftorida Corporation, party
r~•fioY ~t,r~;~~=~ cr~T.=~ an. ~~'nt~nF ITr•,?E• cnn.rF,, ~ ~
of the firat part and ^ ~ ' ' f
partiea Of t~16 aeoond part, 1(~4 ~~^`I ~•~I>in, t't. ~'?B1'CC~ T'?07't~'Q. '.`t rP.
G? I T N E S S E T E
THAT if the said part ~:exof the second part shaZZ first
maks the payments and perfor?n the covenants hereinafter mentzoned,
on their part to be n~ade and performed, the said party of the
first part l~ereby covenante and agrees to convey and assure to the
said part i ~sof the second part, their heirs, executora, admini.s-
trators or as8igns, in fee simpte, clear of att encumbrances, by -
h good and sufficient Deed, the Zot, piece or parceZ of tand, situ-
ated in the County of St. Lucie, State of Ftorida, knor~n and
described as foltorus:
T,~~ ,T, .'L':~Ar~r•~s tr.,IT II ~ .
Ft. Luc~~° .^aunt~r, ~'Iori~'a
a• r~eord~d {n PZa~ eook ZQ, Pao• lf or !h•
Ptibt{o R~eords ot- S~. L~o{t Co~e~ety, Ttor{da . .
and the aaid part?.e4 of the second part hereby covenant and agree
to pay to the party of the fir8t part the sum of ~'ty--3even ~~u~:cre.?
rin~t>>- ~';~~E ~'oZZars{$ ~ 7:'. ~aith interest from date at the ;
rate of ??.:~%=t ( ° x1 per annum as fot torus:
C?.r. ':ur.,~Tr~~' r.?-net~r-nir,e 'nT.?ar.^,
- ( $ ^ . ^ ) upon the signing
of this Agreenrent, the receipt r~hereof is hereby acknor~tedged, and
the batance as fotlo~8: ~
"'or.*.~~-nL*:P <'oll«»s ar~ ~
r:'::etr~- '-~c ~F>}:t . (S ) per month on i
the 1~' day of each month thereafter, beginninq ~'rr~l 1
,
19 7::., until the ruhote be futty paid.
. ~
Each instaZZment shaZt first be applied on the ~ayment of interest ~
and then on the unpaid batance of the principaZ sum. }
t On any instattments r~hich are reot paid rvithin r.~~~~r. ( days
; from due date, it is optional r~ith ~artu o;' the first part to charge ~
~ -;t,f~ .~~Ll.zr `.n~ ?
k par~~^ of the second part a . 1
~ penatty charge on the Zate payment.
r said part of the second part hereby covenant and agree to pay att i
~ taxes, assessments o~positions that mar~ be Zegatty Zevied or ;
imposed on said Zand su sequent to the year 19 71 Second part
-~.~:.~atso agree to pau atl costs, charges and espenses, Zar~yer's fees and ;
titte searches, reasonabtu incurred or paid by the first party ~
,~M ts~ because of the faiture of second parf~er to promptty and fuZZy compZy
~ s ~aith alt conditions and covenants in this Agreement. In the event
i~~ o: second part i~ ^ fai Z to pay, u~hen due, any tases, assessments, or
Q~ tt~ other sums of money payabte by virtue of this Agreement, first party
Imuf pay same r~ithout maiving or affecting their option to forectose
this Agreement, and aZt such payments shaZt bear interest fronr date
y, ~ thereof at the highest rate then attor~ed by the La~s of the State of '
G f - +
aF I Ftorida.
~ ~ ;
If any sum of money herein referred to be not promptty paid ;
~~'u~ r~ithin t'.~rt•: 7'~) days next after the same becomes due, or if ;
each and ever~ one of the agreements, atiputations, conditions and '
covenants of this Agreement are not futly performed, complied ~ith '
n~at1111111~ and abided by, then the entire unpaid batance of this AgreeMent shat t 3
forthmith and thereafter, at the option of the first party, beeome
0 6 9 6 a t due and payabte and the estate hereby created in seeond part ,
r~uciE ~ 8hal t cease, terminate, and be nut t and void. Furthermore, t his
c~uNtr - Agreement shatt, at the option of the party of the first part, be `
~ , forfeited and terminatod, and the part of the second part ahaZZ ~
forfeit att payments made by then+ on this Contract; and such paymen~s
ahatt be retained by the 8aid party of the first part in futl
~ ' ? 6.i0K~~~ PACr~7c~~
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