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C JMENTARY ~'~.;~.STA
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,-UF t~EYEN1fE , : ~ :
= w;T • 1'i3 . ~ 0 7 3 5 1 RECEIV'E~ IN rAYMENT OF TNtd
;r: ,~g 2~ ~ ARTICLE OF ACREEMSNT ou~ a+~'~ NRANG1°~ ~RS~c P'~+r•
- pURSUAN? TO CNAPtER 71 13~. ACTS OF 19~1.
ItOfER ?OITRJIS
MADI~ this 24th day of Hovember , A. D.~19 7~~be~Rrveen~tE ~
MAJOR EXCAVATINC COMPAN]', INC. , a Ftorida Corporation, party
of thQ ftirat part and JOBN R. FLSSTWOOD and/or BEULAB V. FLEBTNOOD
parties of the asoond part, t07 Metisea Lane, Fort ~ierce, FZ. '
V I T 1V S S S B T H
TBAT i f ~hs aaid part ies o f the aeGOnd part sha Z Z first
n~ak• thQ paynrsnta and p~rform ths Qovsnants hereinafter mentioned,
on thsir part to b~ nrade and psrforn?sd, the aaid party of the
firet part hsreby covananta and agreas to ~onvey and aseure to the
satid part L68 of the escond part, thQir heira, executor8, admini.a-
trators or asaignas in fea ein~pl~, ctaar of att enaumbranasa, by
tc good and auffioient D~ed, thQ tot, ptie~e or parceZ of Zand, situ-
ated in the County of St. Luctis, State of Ftorida, kno~vn and '
des~ribsd as~ fot toras; ;
Lot 4, Btoak S, Ureit III of Greenacres Subdivision us
reaorded in PZat Book 16, Page 28 of the PubZic Records
of St. Luaie County, Ftorida.
.and Lhe aaid partig8 of the ascond part hereby covenant and agree
to pay ~o the party of the ftirat part the eum of Four Thousand Nine liund-~
red Ninety-Five Dotla~~ 4995.00 1, r~ith interest from date at the F
rate of Eigkt Per Cent ~ 8.0 x1 per arcnum as _ foZZo~s:
Hinety-Nine DoZlara and 00/100 ~S 99.00 1 upon the signing
of thzs Agreement, the receipt rahereof ia hereby acknorvtedged, and
the batance, as foltoraa:
Forty-Nine DoZlara and 95/100 ~S 49.95 1 per month on ;
the firat day pf each fionth thereafter, beginning January 1 ~
19~3 , untiZ the ~ahoZe be futty paid.
- Each inatallment shatt first be apptied on the paynrent of interest
and then on the unpaid batanae of the prinaipat sum.
;
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On arcy instaZtmenta rvhich are ~dt paid r~ithin S~V6n days
from due date, it is optionat r~ith purty of the first part to charge
part ie8 of the second part a Five Dotlar and 00/100 ~S 5.00 ~
penalty charge on the Zate payment. ~
~
Suid part Ze8 of the $econd part hereby covenant and agree to pay att
taxes, assesaments or impositions that may be Zegatty Zevied or
imposed on said Zand aubsequent to the year 19-j2, Second partig$ -
also agree to pay atl costs, ~hargee and expenses, Zar~yer's fees and ~
. titZe searches, reasonably incurred or paid by the ftirst party #
becuuae of the faiture of second part2eg to promptZy and fuZly compty '
r~ith atl conditiona and covenanta in this Agreement. In the event =
seaond part Z68 fai Z to pay, r~hen dus, any taae~s, assesaments, or~
other auma of monsy pa~able by vtirtue of thia Agreement, first party
~nay pay aame ~ithout maiving or affecting their option to forectose
this Agreement, and att such payments ahatt hear interest from date
thereof at tht highest rata then at Zor~ed by the Larva of the State of ;
Ftorida. `
If any sum of money herein referred to be not promptty paid ;
r~ithin Thirty~ 30~ day8 next after the same becomes due, or if i
each and every one of the agreementa, atipuZations, conditions and '
covenants of this Agreement are not fult,y performed, co?nplied r~ith
and abided by,~then the enttire unpaid batance of this Agreement shall
fortkwith and thereafter, at the option of the first party, become
due and payable and the estate hereby created in aecond partLe$ ,
shalt c.ease, terminate, and be null a»d void. Furthermore, this
Agreement ehatl, at the option of the party of the first part, be -
forfeited and terminat~d, and ths part ie8 of the second part ahalt
forfsit aZZ paymente nrade by thsm on this Contraet; and suah payments
ehaZZ be reta{ned b~ the.aaid party of the first part in fult
BOOK 219 ~~ct 5(~0 g ~
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