HomeMy WebLinkAbout0879 Buyer 6y warrant~? DeeA. ir~e ~nd c2aar ol alt lien~ uxi BocarRbrances,
~und Buysr t~ pald co Seil~n ctN sum o~ ~133.OOU.00 ca~ad whieh i• tht
agrad t'uii pu~rc~ p~rfce ~o~ euch 2andr. 5elterr s~res. a~t ic i• mut-
ually undes~tood. th~t ~100, 00~. 0~ oi wch purchaw p~ict f~ beuag bsld
by tham ia tru~ ior ths axpreo• P~'P~ P~Yin~ alt at th~ sun. crv~er
t+o eaid Mercel Mauro~ so that ths satd P~rtial Rele~tae baing l~1d in a-
crow by Stllers' ittora~iy, u e~ar~ai~3, rnight be recorc~+ad #n t~t Public
Recorda a~ St. Lucie County, F brid~a. S~llers shsll, withfn 3S days
tha c~us o[ this Agreement. PaY over to sald Mercel A+t~uron ths ealid aum
of ~I00, 000, 00 aad ~hail reoord said Fartiel Rele~s~c ot mortgage ia the
Public Recozd~ o~ St. Luci~ Coutxy. F~orida. S~ouZd S~lun not p~y ovar
4aid ~100~ 000. QO ov M~rcel Mauron and r~ecor~ ,a~aid PArtial re~rt~s within
35 d~y~. the~ this Agr~ment shatl aet ea s mortgag~ ~+om Sellrrra ~
Buyer e~cumb~:ng aIl oi Setler~' rernrlning Ierds Iying both So~h ot du
lturnpike Fe~der Rood and North o~ the lan~ oouv~eyed t+n Sujrrt, aecuring
an indebted~creea al $IQO, 0~0. 0~ irom Se~13et~a to Buyrer beartieg fttt~re~t ot
g~ per annum irom the ~i6th daY a~ter dn~ c~ this Agreii~metu. and Huyer
rnsy witb~ aoticae ar d8mand lbreciose the asme. &sper a+a~ild be en-
ritled t~o recover in such foreciosure ail court cx~sta and roa~aeab~e aKar-
aeyr's ~.w. SelLers aball riot, prior oc~ the reoarding of eatd Parti8l Re-
lesa~, d~d, conv+ey. c~o~naacc o~ aell, morcg4ge, pledge. hypothe~cate oc
att~erwi~ diepose oi or es~mber any ot the lands pre8er~tly ~ncumbered
by said mortgagc m Marcei Mauroa, i"he reoording of said Partiat Ra-
;
~ l~e shall automatically end aIl Selters' oblfgatfana sat i6ozth itt thie Par4
~
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; grapb without the ne~eeeity oi obtaining or r~cording any Re2~oe ar other
,
; document irom Buyet. unleas any fv~e~clooure action ha~ b~oer~ cxxnmec~c~r3
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by Buyer unc~ the provi~ione abov~.
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S, It ta a~peci$c vondition of t~3~ trans~ctivn Lhat F~yer i•
to furnieh Selters a meane o! ingnss and ~gresa W the ~ellers resriaining
lando lyina Nosthezly oi the ianc3a conveyed to 8uyez, in thfa re~ar~d,
Huyer agreea tt ot ft ahall either dedic.Ate a road ~o the public ar gzar~t
i .~;CE R. LEWIS a perman~st eae~ment ussto S~iler~ and their t~eire. grente~es and ~taaigna
- ro»~,er ~r u?,~
• >~UTMSECOHt7STAEET
~ . ..~~RS.MOON[ B106. O ~ `
- "v~i PiERCE. FLORlDA
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