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, ~ ATE ~F ~I.~ORIC7A ~
, QOCUMENTARYr;~'-:.; TAMP TAX ~ 263645 ~
' ~E~i. Of REYENUE ~
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~ o:S iCI ~J iM • ~ 0 T. 3,5 ! u~ r,~ iNr~ie~~~R~ ~ oF r~uc~?
' " R5WM1 TO C11Ap1ER 7!•13~, P"0''~ry~
~ ~ ARTICLE OF ACREEMENT ~7S OF ly/1.
,
~ a~c~r oowt~~ r~~E an., Fu 3~
MADB thtis 1D day of ~TUne , A. D. 19 ~2~ betutaen 1
MAJOR EXCAVATINC COMPANY, INC. , a Ftorida Corporation, party
of the firat part and ~OIIN W. ''eDA~IFLS and ~~UDY A. ~"cDAl1IELS, his r~ife
„,,,,ties nf tha Raaend nart.
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W I T N E S S E T S
THAT if the said parti~s of the 8econd part shatl firat
n~aks the payn?enta and perforn~ the covenants hereinafter mentioned,
on their part to be n+ade and performed, the aaid party of the
first part hereby covenanta and agrees to conve~ and assure to the
said partzes of the second part, their heirs, executors, adminis-
tratora or asaigns, in fee simpte, ctear of aZt encumbrctnces, by
t~ good and sufficient Deed, the Zot, piec.e or parceZ of Zand, situ-
ated in the County of St. Lucie, State of
Ftorida, kno~n and
described as fot tor~a:.
Lot 4, Block 2, Uri.t III or ~reen ~eres ~ubdivision
as recorded in PZcztt Aoor: 1 c:, na~e ~8 of the Pubtic
~'ecords o~ St. I.ucie Count~:, FZori~.7a
and the said part iesof the second part hereby covenant and agree
t.o pa~ to the party of the first part the aum of ~our thousand i?'ine Hun-
dred r~.netu-~'ive q°05.~0 ruith interest from date at the
rate of Eig':t ner cer.t ( 8 x) per annum as foZtor~s:
~''J6rltU-f2VP. dollars an~' f?0,'1 D0 ?.S. !1~ 1 uporc the signing
of this Agreement, the recetipt r~hereof is hereby acknor~Zedged, arcd
the batance as foltoras: ~7~.~~ on or ~erore Jul~.~ 1, 1972
~'ont=~-rir~e- ~'oZZar~- ~r.~- I G~~ - l_$ 4~ . a~ _ J per _month on
the first day of each month thereafter, beginrting ~ugust Z , '
19 7~ , untit the r~hole be fuZty paid.
Each instattment shalt first be apptied on the payment of interest
~ and then on the unpaid baZance of the principaZ sum.
` On any instal tments ~hich are not patid ruithin ~even ! 7 1 dar~s
; from due date, it is optionat r~ith party of the first part to charge
~ par~ES of the second part a Five ~ oZt~r (S 5. !10 1
~ penatty eharge on the Zate payment.
~ Said part ~es of the second part hereby covenant and agree to pay aZZ
~ taxes, assessments or impostitions that may be Zegatty Zevied or
€ imposed on said Zand subsequent to the year 19 7~. Second part
` also agree to pau alt costs, charges and expenses, Zarayer's fees and
~ titte searches, reasonabtu incurred or paid by the first party
# because of the failure of seeond part ie~ to pron?ptZy and fuZZy complr~
~ -____...__~i~£~'e aZ'Z' con~~z ns "2-6~ci~r'-~t--this---~gre~enre~t~: --~-rr---~~te--e~e~t~------~
~ ~ second part i es fczi Z to pay, rahen due, any ta.tes, assessments, or
~ other aums of money payable by virtue of this Agreement, fir8t party
~ may pay same mithout r~aiving or affecting their option to forectose
~ this Agreement, and att such payments shaZl bear interest from date
$ thereof at the highest rate then altor~ed by the Lar~s of the State of
- Ftorida.
4
r f
_ If any sum of money herein referred to be not promptty paid
~ r~ithin ~'nirtu ( 3~) days next after the same becomes due, or if
~ each and every one of the agreen?ents, 8tipuZations, eonditions and
e:~
~ covenants of this Agreement are not futty performed, compZi.ed ~aith
and abided by, then the entire unpaid balance of this Agreement shatl
r
_ forthr~ith and thereafter, at the option of the first party, become
~ due and payabte and the estate hereby created in second parties ,
shatt cease, terminate, and be nutl and void. Furthermore, this
~ Agreement ahall, at the option of the party of the firat part, be
forfeited and terminatad, and the parties of the second part~ehatt
~ forfeit att payments made by them on this Contraat; and suah payments
~ shatl be retained by the said party of the first part in futl
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