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HomeMy WebLinkAbout2597 NO~, it the parties o! the decond part shell ~aks the pay- oents and pertorm the covenanta hereinbe~ore mentioned on their part to be performed, then the partiea o! the iirat part will fozthwith tender a qood and aufficient Warranty deed o! convey- ance to the partiee of the second part. IN T~ EVENT OF F~?ILURE of the said partiee of~the second part to ~eake any of the paymenta,~or any part thereof, promptly ~ on the dates epecilied, ar fail to perform any of the covenants on their part hereby made and entered into, thfs contract ~hall, at the option of the parties of the first part, be forfeited and terminated, and the parties of the second part shall torfeit all payments made by them under this contract, and such payments shall be retained by the said parties-of the firet part in full satisfactfon and liquidation of all damages by them sustained; ~ ancl tr.e said parties of the first part shall have the right to ze--enter and take posaession of the premises aforesaid without baing liable to any action therefor. IT IS MUTUALLY AGREED by and between the parties hereto that the time of each pay~.ent shall be an essential part of this ~ contract and that all covenants and aqreements herein contained I ~ - shall extend to nnd be obliqatory upon the heirs, executors, I ~ adminiatrators, successozs and assiqns ot the respective partfes. ~ ZT IS FqRT~iER MUTUALLY AGREED AS FULLOWS: THIS IS A BALLOON AGREEMStIT FOR DEED, AND THE FINAL PAYML'NT OR TAE BALANCE DUE UPON MATUR2TY IS $10,500, TOGETHER WITR ACCRUED Yt1TEREST, IF ANY, AND ALL ADVANCEMENTS MADE BY Tl~ CONTRACT-VENDORS UNDER TI~ TERMS OF THIS ~GREEMENT FOR DEED. ~ Iid iiZTNFSS WHEREOF, the pazties to these presenta have ~ hereunto set their hands and seals the day and year first ~ above wzitten, in duplicate. ~ - / - % ~ In the~rese~e of ~ ~ -1 ~ ~ ~ ~ . f~ ~ ~ - , Jo n A rt Franc s Jones" ~ ~ Lc ~ ~2.c- L~, • lJ tr'a..S-x- ~ Ru y s ~ Parties of ~t e Firat Part -4- FEE PARKER A FEE P.0. ' ~ ~noRn~rs wT uw ~ ~ Q//Q ~~j pOST OFFICE 60X f000 ~y`- aElJr firf~r~) F'?~G~ (J~z iORT PIERCE. FLORIOA ~9490 - - - ~ ~ - , ~ .~.~.u.~',~'J' ~ ~_Y. _.y_ ~ .~_h ._._x:v ~~~g...~~'='