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~TATE =~F ~LC~RitDA ~
~~t~~UMENTARYs~ TAMP iJ»' I Z'
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OF NEVENUE
~i RE~~ IN M1IMENT OF TAXF~
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= ~iio: I ARTICLE OF ACR1~Sl~lENT ~~.~D
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a~l( CIRC1lIT OWR1, ~T. UlCi~ 00~ t~A,
MADB thza 25th day of November, A. D. 19 bet~aeen ~
MAJOR EXCAVATINC COMPANY, IHC. , a Ftorida Corporation, party ;
of the firat part and CURTIS P. NRICRT and SBIRLEI A. WRICBT, hia raife ~
; part~%es of the second part, Z06 Deanna Lane, Fort Pierce, FL.
I? I T N E S Z' E~
THAT i f the satid part ies o f the 8econd part aha Z Z first ~
makt the paymenta and perfornr the covenants hereinafter menttioned, ~
on their purt to be made and performed, the said party of the
first part hereby covenanta and agrees to Qonvey and assure to the '
said part ies of the second part, their heirs, executora, adminia- ?
trators or asaigna, in fee sir»pte, cZear of aZZ encumbranoes, by
h good and sufficient Deed, the Zot, piece or parcet of Zand, situ-
ated in the County of St. Lucie, State of Ftorida, knor~n and
described as fot tor~s:
Lot 4, Btook 3, Unit III of Greenacres Subdivisiorc
as reaorded in Ptat Book 16, Page 28 of the PubZia
Re~ords of St. Luoie County, Ftorida. .
und the said partiea of the second part hereby covenant and agree
to pay to the party of the first part the sum of Four Thous~tn~hgine 8un- ~
dred Nznety-Five DoZ~S 4995.00 J, r~ith interest from date a
rate of ~ight Per Cent ~ B.Ox) per annum as fotto~s:
Ninety-1Vine DotZars and 00/100 99.Q0 1 upon the signing
of this Agreement, the receipt ~hereof zs hereby acknor~tedged, and
' the batance as fotlo~s:
Forty-Rine DoZlarB and 95/100 ~ ~s49.9~ J per month on
the First day of each month thereafter, begznnireg January 1 '
1973 , untit the r~hote be fuZty paid.
Each instatlment shatt first be apptied on the payment of interest
~~i and then on the unpaid baZance of the principal sum.
` On any instattments rvhich are not paid r~ithin Seven ! 71 day8
s from due date, it is optionat u~ith party of the first part to aharge
E part of the second part a Five DoZZar and 00/100 (S 5.00 ~
~ penatty charge on the Zate payment.
~ Said partiea of the second part hereby covenant and agree to pay alt
~ taxes, assessments or impostitions that may be Zegatty Zevied or
imposed on said Zand subsequent to the year 1972. Second parties
s atso agree to pau att costs, charges and expenses, Za~yer's fees and ;
title searches, reasonabty incurred or paid by the ftirst party ~
~ because of the failure of second par~68 to pro~nptty and fuZty compty
~ ruith att conditions and covenants in thtis Agreement. In the event
~ second part2e8 fait to pay, r~hen due, any tates, assessments, or
other sums of money payable by virtue of this Agreement, first~party
~ may pay same r~ithout ~aiving or affecting their option to forectose
~ this Agreement, and alt such payments shatt bear interest from date ;
~ thereof at the highest rate then aZZor~ed by the Laras of the State of
~ F toridct.
:a
- If any sum of money herein referred to be not promptly paid `
r~ithin Thirt~ ~30 ~ day8 next after the same becomes due, or if ;
~ each and every one of the agreements, atiputations, conditions and
~ti covenants of this Agreement ure not futty performed, comptied r~ith
~ .
~ and abided by, then the entire unpaid batance of this Agreement shatl
R forth~aith and thereafter, at the option of the first party, become
due and payabte and the estate hereby created in seaond partie8 ,
shall cease terminate and be nutt and void. Furthermore, this :
~ s s
~ Agreement shatt, at the option of the party of the first part, be
~ forfeited and terminatad, and the partzes of the second part ahalt ;
forfeit aZZ paymenta made by them on this Contract; ared such paymenta t
~ shaZZ be retained b the aaid art o the zrat art in utt
y P ~J f f~ P f
.
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