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SPENCER B. GILBERT. Attornsy at law AGREEMENT FOR DEED
~0 S. ZECOND STREET a fT. Pi~RCE, f(J1. 33{b~
ARTICLES OF AGREEri~NT, Made this;~-~- day of December, 1973,
between JACK L. STALEY and BEVERLY R. STALEY, his wife, parties of
the first part, and WALTER E. KNIGHT, as to an undivided 50% interest,
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LAi~TDIS F. KNIGHT, as to an undivided 25% interest and JA.~S L.
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N I~',`IGHT, as to an undivided 25% interest, whose post office address
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f:i~~;':.; is ; 1611 Paseo Avenue, Fort Pierce, Florida 33450, parties of the
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~ WITNESSETH: That if the said parties of the second part shall
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mo first make the payanents and perform the covenants hereinafter
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" mentioned an their part to be made and performed, the said parties
of the first part hereby covenant and agree to convey and assure
to the said parties of the second part, in fee simple, clear of all
enctuabrances whatever, by a good and sufficient deed, the lot, piece
or parcel of land situated in the County of St. Lucie, State of Flo-ri.::~
~cr.owa and described as follows , to-wit : .
The West S acres of the West 10 acres of the -
SE~ of the NE~ of Section 10, Township 35 South,
Range 39 East, less rights of way for road and
canal,
I and the said parties of the second part hereby covenant and agree to
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` d to the said arties of the first part the sum of TWENTY TfiOUSA;3D
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~ ~OI.Le~?RS ($20,000.00), in the manner following: ~
~ 000.00 cash u on si in of this
~ FIVE THdL`SAND DOLLARS 5 , ) - p _ g ~
~ agreer~ent. The balance of $15,000 shall be payable in eight ~
~ (8) equal annual payments of $2,710.20 each, including princi-
~ pal and interest, interest being at the rate of 9% per annum
~ on the unpaid principal balance. The first annual payment ~
shall be due-one year from date of this contract. 15 days grace ~
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period is granted. `
Parties of the second shall have the right of prepaynent in
~ a~hole or in part at any time without penalty.
~ Time is of the essence.
Parties of the first part agree that the existing Articles of
= Agreement (Agreement for Deed) dated ~iarch 31, 1973 between the
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_ ~a:ties of the first part and Fenton R. Mathews and Jeri Mathews,
h~s wife, recorded in O. R. Book 220, page 2494 of the public records
o: St. Lucie County, Florida, shall be the liability of the parties
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