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~N Po~j~~~E ~p~ ~U: ARTICLE OF AGREEMSNT
~px C1itG1~~j ~Rt• St. .
MADS this ~tj:dcty of Fet~ruar•a , A. D. 29 yg bstu~esn
MAJOR EXCAVATING CONPANY, .INC., a Ftorida Corporation, party
of the firat part and r°g~Zeton Rro~»t ar.c' Ile Zen Bro~n, ~:is r~+i fe
parties of the seoond part, ~
y W I T N E S S E T 6
THAT if the aaid partiFS of the second part ahatl first
~ ~naks the paymenta and perform the covenanta heretinafter me»ttioned,
on their part to be made and performed, the aaid party of ths '
first part hereby aovenanta and agrees to convey and assure to the '
said part iesof the seeond part, their heirs, executore, adminis-
trators or asaigns, in fee simpte, ctear of atl encuMbranass, by
h good and sufficient Deed, the Zot, piece or parceZ of Zand, situ-
ated in the County of St. Lucie, State of Ftorida, knoc~n and
described as fotto~as:
Lot 2, DZoc1; 4, 'Ir.it III oc Creer. :~cres .Subdivis;:on
Plat r?oo:~~ 1%: ..T'a~e 28 St. Lueie County
and the said part i2sof the second part hereby covenant and agree
to pay to the party of the first part the sum of ~~ur tnousan~ nine hund-
red ar.d n~net~~-°iv~S ~~~5.0~ 1, r~ith interest from date at the
~ rate of £zg~ct ( 8 x) per annum as fottou~s:
~
~ _ ~
~ .:i.r.et_i-nine a~id '10!I ) upon the signing
~ of this Agreement, the receipt ~hereof is hereby acknor~ledged, and
the batance as fotto~s: _
~
~ ort~~-nine and : 5, "1 ~?0 ( S 1 per month on -
the ~~°ir3t day of each month thereafter, beginning RnriZ 1, ~
19 73, untit the r~hote be futly paid.
~.~~~aeh instattment shatt first be apptied on the payment of interest
azsd then on the unpaid balance of the principaZ sum.
~
On any instatlments ~hieh are not paid r~ithin Sever. ~ 7~ day$ ~
~ from due date, it is optionat r~ith party of the first part to charge
. , pcirt iesof the second part a "ivF ~iotlar ~S 5.0;~ ~
penatty charge on the Zate payment. {
, ~
i``~-~~ ~ Said part of the second part hereby covenant and agree to pau att
0 ~ ~ era
~ taxes, assessments or impositions that may be ZegaZty Zevied or
~~g, imposed on said Zand subsequent to the year 19~~ . Second part,'es
Q~( atso agree to pay att costs, eharges and expenses, Za~ayer's fees and
~N~„ titZe searches, reasonabZu incurred or paid by the first party
because of the faiture of second part ~es to promptZy and fuZZy compZy
'.l raith att conditions and covenants in this Agreement. In the event
second parties fail to pay, r~hen due, any tatsa, assessments, or
A other sums of money payabte by virtue of this Agreement, firat party
a'w N may pay same ~ithout r~aiving or affeeting their option to foreclose
~W;~ ~ ~ this Agreement, and att such paymenta shatt bear interest fronr date ~
~~~1111 N thereof at the highest rate then atlor~ed by the Lar~s of the State of ~
F- ~ ° Ftorida. .
y~o~~lUllllll ,
~ If any sum of money herezn referred to be not promptly paid
~ b Z 1 1 0 '~~ithin T'?irt-~ . ( 3~ ) days next after the same beeon?es due, or if
eaeh and every one of the agreements, 8tipuZations, conditions and `
, ~.ouM~t~E covenants of this Agreement are not futty performed, complied ~ith i
ctr.d abided by, then the entire unpaid balance of this Agreement shatt
~a forthr~ith and thereafter, at the option of the first party, become
due and payabte and the estate hereby created in eecond parties~
shatt eease, terminate, and be nutl and void. Furthermore, this
Agreement shatt, at the option of the party of the firat part, be j
forfeited and terminat~d, and the part ~e~ of the second part ahatt .
forfeit alt payments made by them on this Contract; and sueh payments
shatl be retained by the said party of the first part in futt ~
d~oK213 PACE2011 ~oQ9
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