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ARTICLE OF ACREEMENT
MADE this ~Is* day of ~'art~~r~~ , A.D. 19 7~ bet~ueen
MAJOR EXCAVATINC COMPANY, INC., a Ftorida Corporation, party .
of the first part and .TOi:n ~.'reer 108 Deanna Lane, Ft . Pierce, Fta.
part;~ of the secona part,
i? I T N E S S E T 8
TRAT if the said part,a of the aecond part shatt first
makt the paymenta and perform the covenurcts hereinafter mentioned,
on their part to be made and performed, the said party of the
first part hereby covereants and agreea to convey ared assure to the -
said partu of the second part, their heirs, executors, admtinis-
trators or assigns, in fee simpte, clear of att encumbranaes, by
~ good and aufficient Deed, the Zot, piece or parcet of Zand, situ-
ated in the County of St. Lucie, State of Florida, knorvn and
described as fo Z Zoc~s: ~
~ LOt c~lOe~.. 3-, :'r~t III, :T~~ 67? .dC2'E~S ~u'.!??.VZ-°ZG~: ~
S D e'. Q L~ t~ 0 0~; 1 f' ~ T'Q n E3 ~ F ~ It C 2 P. C O Ll y' t;~ RfCEIYED ~ 9~_~ r. IN PArM ENT OF TAXES
DI~ QM CtASS 'C INTAM61elE PEIlS01~lAL PN~lR1Y,
RIitSWN? TO CIiAPTER 71-131, AL7S 1~~~i,M
IIOGER rOR
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and the said part~. of the second part hereby c~en~ant~ar~c~'ag3re
to pay to the party o,f the first part the sunanof Fcrt1-r~ne -run~red
~sr~ n-inet*~-r~v~--D",`2~~$ rvith interest from date at the
rate of F'in%: t f 4 x) per annum as fot Zo~s :
':i~iet~:-nir.c ar. ? c'^ 1!`? t S??. ) upon the signing
of this Agreement, the receipt whereof is hereby ackno~atedged, and
tiee ha Zance as fo Z Zoras :
'ort~, -r.ine uo t lara ar ~.~,5 1!' ~ t S 4? ) per month on
the ,`'ir~ t day of each month thereafter, beginninq ~-Q~,c.'- _I, 1:~73 ,
19 , until the rvhoZe be futly paid.
Each instatlment shaZZ first be apptzed on the payment of interest
and then on the unpaid batance of the prtineip~Z sum.
Orc any instatlments rahich are not paid rvithin se~~er f ~ J days
;rom due date, it is optional r~ith partu o f the first part to eharge
part o f the second part a ?iv~ co 1. Za.r ( ~ ^ )
penalty cl:arge on the Zate pa~r~ent.
Said part:l of the second part hereby covenant and agree to pay att
taxes, assessments or impositions that may be tegatty_ Zevied or
imposed on said Zand subsequent to the year 197~. Second part
atso agree to pau aZt costs, eharges and expenses, Zarayer's fees and
titte searcnes, reasonabZu ineurred or paid by the first party
because of the faiture of second part?~ to promptty and fulty compty
~ith aZZ conditions and covercants in this Agreeme~tt. In the event
second part fait to pay, r~hen due, any tases, assessments, or
other sums of money payabte by virtue of this Agreement, first party
may pay same Without r~aiving or affecting their aption to foreclose
this Agreement, and aZZ such payments shaZZ bear interest from date
thereof at the highest rate then aZZor~ed by the Lar~s of the State of
Ftorida.
If any sum of money herein referred to be not promptty paid ~
r~ithin t%:irit: (.3~ ) days next after the same beeomes due, or if
each and every one o; the agreements, atipuZations, conditions and
covenants of this Agreement are not futty performed, complied ~ith .
and a'vided by, then the entire unpaid batance of this Agreement shatl
forthwith and thereafter, at the option of the first party, become
due and payabte ared the estate hereby created in second part:, ,
shaZZ cease, terminate, and be reuZt and void. Furthermore, this
Agreement BhaZl, at the option of the party of the first part, be
forfeited and terminated, and the part:~ of the seeond part shatt
forfeit att payments nrade by them on this Contract; and sueh payments
shatt be retai.ned by the said party of the first part in futl
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