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c1~ ~lRt. st• ~ ARTICLE OF AGREI~MENT
MADS this 27th dQy o f Dotober , A. D. 19 ~3, bet~aen
MAJOR ~XCAVATING CONPANY, INC., a Ftorida Corporation, party
~ of the firat part and STUART FLIPPEN~
party of the second part, 115 Deanna Laree, Fort Pierae, Ft. ;
W I T N E S S S T B
THAT if the said party af the secored part ahalt firat
~naks the payments and perform the covenanta herei.nafter n?entioned,
on their part to bs made and performed, the eaid party of the
ftirst part hereby covenanta and agraes to convey and asaure to the
said party of the eeoond part, their heirs, executora, adminis-
- Lrators or asaigna, tin fee stimpte, otear of att eneumbrances, by
h good and sufficient Deed, the Zot, piece or parcel of Zand, stit~c-
ated ire the County of St. Lucie, State of Ftorida, kno~n and
described as fot tor~a:
Lot 8, Btock 1, Unit IIT. Greenacres Subdivision,
Book 16, Page 28, St. Lucie County~
and the said party of the second part hereby covenant and agree ~
to pay to the party of the first part the sum ofSix thousand t~uo hundred
. ninety-five dottar~s 6295.00 1, ~ith interest from date at the
rate of Eight per cent ~ 8 x) per annum as fotlor~s:
`t~; ~ Ninehundred ninet~-nine and DO/100 ~S 999:00 J upon the signing
of this Agreement, the receipt r~hereof zs hereby acknoratedged, and
-1~ the batance as foZZou~s:
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rrt Forty-nine dottar8 and 93/IOO~s 49.95 J per month on
~ the first~ day of each nronth thereafter, beginning December 1 ~ ~
u-~ ' 19 73 , untit the r~hote be futty paid.
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' ~ oc~W Each instaZtment shaZZ first be apptied on the payment of irtterest
W4~~ ~ and then on the unpaid batance of the principat sum.
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,~.t~ On any instatlments ~ahich are not paid rvithin Seven ~ 9~ day8
'~._v a~° from due date, it is optionat r~ith party of the first part to charge
i~o~~~l~~~~~~~ party of the second part a Pive doZlar 5.00 ~
~ • penaZty charge on the Zate payn+ent.
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( Said party of the second part hereby covenant and agree to pay aZt '
( r LuCIE ;
~ ,;;,uNi~ . taxes, assessments or imposit_ions that may be Zegal ty Zevied or ,
imposed on said Zand subsequent to the year 19 yg Second part y }
also agree to pau att costs, charges and expenses, Zar~yer's fees and '
title searchea, reasonabtu incurred or paid by the first party ;
because of the faiture of second pctrty to pronrptty and futly compty ~
~ith alt conditions and covenanta in this Agreement. In the event :
;
second party fait to pay, rahen due, any tasss, assessments, or ~
other sums of money payabte by virtue of this Agreement, first party '
~ may pay same r~ithout ruaivins or affecting their option to forectose ~
this Agreement, and alt such payments shatl bear interest from date ~
thereof at the highest rate then altor~ed by the Lar~B of the State of
Florida. '
~
~ If any sum of money herein referred to be not promptty paid
~ r~it'nin Thirty ~30 1 days next after the same becomes due, .or i f
~ each and every one of the agreements, stipututions, conditions and ;
covenants of this Agreement are not fulty performed, conrptied mith ;
and abided by, then the entire unpaid batance of this Agreen+ent shatt `
forthraith and thereafter, at the option of the firet party, become i
due and payabte and the estate hereby created in second part~ , ~
~ shatt cease, terminate, and be nult and void. Furthermore, this ;
Agree~nent ~hatl, at the option of the party of the firat part, be ~
~ forfeited and terminatad, and the part ~ of the second part ahatt :
~ .forfeit att payments made by them on thtis Contract; and suah payments ~
~ shatt be retained by the said party of the firat part in futt
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~~ox 2~3 ~
A,~ 2009
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