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Home My WebLink About2336 i1~>~~ JMEN',ARY. S It. Mt' z~ . ~ ~ _ _ ' ~,~r: ,~c'Hi r"FNUi . r - P. _~~~.e~»l~~~f~~ D T. 3 5 i ~ ~ t ~ ~ ARTICLE OF AGREEMENT 26~1'73 MADB thie 28th day of January , A• D• 1973, bet~aeen MAJOR EXCAVATING COMPANY, INC., a Ftorzda Corparation, party of the firat part ctnd Eaphorn E. Yates and Juctnita I'ates, his raife part iesof the seoond part, 202 Deanna Lane, Fort Pierce, FZ. 33450 I T N E S S E T B TNAT if the said parties af the second part shatt firat muks the payments ctnd perform the covenants hereinafter mentioned, on their part to be made and performed, the aaid purty of the fi.rst purt hereby covenanta ctnd agrees to convey and asaure to the aaid parties of the eecond part, their heirs, executors, ad~?rinis- trators or asaigres, in fee stimple, ctear of aZt encumbrareces, by a good and suffictient Deed, the Zot, piece or parcet of Zand, situ- ctted in the County of St. Lucie, State of Ftorida, kno~n and describad as foltows: Lot 2, Btock 3, Unit III, Green Acres Subdivision Ptctt Book 26, Page 28, St. Lucie County and the aaid part ies of the second part hereby covenant artd agree to pay to the party of the first pctrt the sum of~o~r thousand..n.ine. _~und- ~ and ninety-fzve doZtars (S 4995..00 with interest from date at the red ' rate of Eight f- 8~) per annum as fot Zor~s : Ninety-nine dottars 99.00 1 upon the signing of this Agreement, the receipt r~hereof is hereby acknor~tedged, and the ba Zance as fo Z Zor~s : Forty-nine doZZars and 95j100 ~s 49.95 ) per month on the fi~st day of each month thereafter, beginnin,q~March 1 ~ 1973 , untit the ~hote be fuZty paid. Each instaZZment shatt first be apptied on the payment of interest and then on the unpaid balance of the principat sum. On any instaltments r~hich are not paid ~vzthin Seven ( 7) days from due date, it is optionat rvith parta o f the first part to charge parties of the second ~art a Five dottar ~55.00 1 penatty charge on the Zate payment. ~ Sai.d partties of the second part hereby covenant and agree to pay att taxes, asaessments or impositions that ma~ be Zegatty Zevied or im~osed on said Zand subsequent to the year 29 ~Z Second parties ~ also agree to pau alt costs, charges and expenses, Zarayer's feea and ~ titte searches, reasonabtu incurred or paid by the first party because of the fai Zure o}' second part ies to prompt Zy and futty compty r~ith alZ conditions and covenants in this Agreement. In the event ~e~ second part ies ai Z to a ` f p y, r~hen due, any tares, assessments, or i other sums of money payable br~ virtue of this Agreement, first party may pay same r~ithout r~aiving or affecting their option to forecZose Q•,~ ~ this Agreement, and att such paymenta shatt bear interest from date _ z~ ~ thereof at the highest rate then atto~ed by the Latis of the State of r F ~ ~ Q~ FZorida. ~ . r ~ If any sum of money herein referred to be not ~rarnptty paid ~ y~ ~ithin thirtr~ ( 30 J days next after the same becomFS due, or i f ~ o~ each and every one of the agreemercts, stipuZations, conditions ;znd covenants of thtis Agreement are not fulty performed, compti.ed r~ith ° a ~ and abided by, then the entire unpaid batance of this Agreement shatt forthr~ith and thereafter, at the o ption o f the first part~, become due and payabte and the estate hereby created in second parties ~ shatt cease, terminate, and be nutl and void. Furthermore, thie Agreement ahalt, at the option of the party of the first part, be ~ forfeited and terminated, and the partie~ of the second part ahaZZ forfeit att payments made by them on this Contract; and such payments BhaZZ be retained by the said party of the first part in futt . , . . ~ ' ~ ~o~~ 2~9 ~3~5 y l , . ~ ~~:.s ~ _ - : _ . . - .r_