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~~~1j ARTICLB OF ACRBENEN!'
~ NADB this 4a day of 1;ovc~~zbe~ ~ A. D. 19 y~, betu~een
NAJOR SXCAVATIHG COMPAAl', IIVC., a Ftorida Corporattion, party ,
of tles fir8t part and ~N~LZliam F. Crau and L`onna i~. :rau, his ~~i; e ;
part ~ of the seoond part, ,~o~, j'rtc,LCcd-~ ~ic~-~c-.. ~f- -~..c.e~•e
Y I T 1V S S S E T 8
THAT if ths said ~art,~ of the aecond part shatt first :
neak~ ths pay~nsnts and perfornr ` the aovenants hersina~ter me»tioned,
on thstir part to bs mads and parformsd, the said party of the '
first part hsreby covenants and agrss8 to oonvey and aesure to the
said part„ of ths sscond part, thsir heira, exeautore, adminis-
trators or` assigns, in fes si?npts, ctear of aZZ enou~nbrances, by
a good and suffiais»t Deed, the lot, piece or parceZ of tand, situ-
ated tin tha County of St. Lucie, State of Ftorida, knor~n and
described as follo~s: -
:ot 1, F1.' rreen .'~~re~ tlnit T~.rce
aR recor~aa' ~-n pZat hook I E', page ?.9 of
tjte nul%Z1-R rec~or~iR o,° ~t. L,uc~ e Countu ~ r1 a.
and the eaid party of the sccond part hereby covenant and agree
to pay to the party of the firat part the sum of Four Thousan:i ~'ine
j'undre~ l; ~net:~ pive ~s d395. 04 1, ~ith intere8t from date~at the
rate o f Eigh t ant: one ha Z f~ 81 '~1 per annum as fo Z Zo~s
=~~r.Q----------------•---------lS :?9.1~0 1 upon the signing
~ ~ t,,
of this AgreeMent, the receipt r~hereof is hereby acknowtedged, an
the batance as foZZo~s:
• a n j ~ J er month on
Fort~~ :~ine doZZars an~? 1.'inet 1•zve Cent{s~ •'S p
the ;'irst daI! of each mont~ thereafter, begsnning ~anuar:j 1st ~ -
f 19 74 , uretit the ~hote be futty_ paid.
~ Each inataZZment 8hatt first be apptied on the payment of interest
' and then on the unpaid batunce of the principal sum.
~ Ort any instatlment8 u~hich are »ot ~aid r~ithin 8even ~ day8
from due date, it is optzonat ~ith party of the first psrt to eharge
part of the second part a five '~OZZQ?" ~
penatty eharge on the Zate payn+ent.
Said part~; of the aecond part hEreby covenant and agree to pay aZZ
taxes, aseessments or impositions thg,:~a~ be Zsgalty Zevied or
imposed ~n said Zand subsequent to the year 1~~ . Seeond part ri .
alao agree to pay att costs, charges and expenaes, Zarayer's fees and
titte searches, reasonabty incurred or paid by the ;irst party
because of the faiture of second part~ to promptty and fully compZy
~tith alt eondittions and covena»ta tn this Agreemeat. In the event
second nartu fail to pay, rahen du~, any taras, aesessments, or
other sums of mone~/ payabte by virtuR of this Agreement, first party
may pab same ~ithout ~aiving or affeeting their option to foreclose
this Agreement, and atl suah payment8 shatt bear interest from date
thereof at the highest rata then allo~ed by the Lar~s of the State of
FZorida.
If any sum of mone~ herein referred to be not promptty paid
r~ithin thirtr~ ~~[~1 day8 riext after the aame beeomes due, or if
each and every' one of the agreen~ents, atipuZations, conditions and
eovenants of this Agreement are not futty performed, comptied u~ith
- and abtided by, then the entire unpaid batance.of this Agreement shatl
forthe~ith and thereafter, at the option of the firat party, beeoe~e
due and pay~bte and the estate hereb~ created in aecond partt, ,
shaZZ asasa, terrninate, and be nutt and void. Furthermore, ~his _
Agreament shatl, at the option of the party of the first part, be
forfsitsd and tern~inatid, and the part „ of the seaond part~ahaZl
forfsit att pay~qants n+ade by theM on this Contraat; and such payments
shaZZ bs retained by the aaiY]p Qarty .a~_•the firat part in full
. . . Bo~x229 Pa~t 2405
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