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• AGREEMENT FOR DEED
- THIS AGREEtiENT made and entered into this ~ day of
January, 1975, by and between M, G. RICKERSON and HAZEL RICKERSON,
his wife, hereafter referred to as Sellers, and~DALE E. N~.LINGS ,
s%3 .50 - ~ma..~.~' ~.~.~-u-~.z - ~'f _ P.,~c..,u ~ l~is . ~ '~y~[z~
- a single adult, hereafter referred to as Purchaser,
,
~ WITNESSETH: ~
~ That in consideration of the mutual promises and covenan s
contained in this Agreement and other valuable considerations
passing between the parties to it, the Sellers agree to sell and
the Purchaser agrees to buy the following described property
situate, lying and being in St. Lucie Courity, Florida:
The W 180 ft of the E 234.4 ft of the
-r N 150 ft of the W~ of Lot 9 of J. I.
. KELLEM'S SUBDIVISION, as recorded in
Plat Book 3, page 85 of the Public
Records of St. Lucie County. Subject -
to public road rigt~t of way and electric
transmission and distribution lines. ~
The total purchase price of the property shall be the
sum of Nineteen Thousand ($19,000.00) Dollars payable at the
times and in the manner following:
a
-~r N $1,000.00 paid on or before the signing of this contract
'rr receipt of which is acknowledged by Sellers;
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E The balance of $18,000.00 to bear interest at the rate
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; of 9~% per annum and to be payable at the rate of $250.00 per ;
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~ ~ month beginning February 6, 1975 and_on the 6th day of each and
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~ ~y;;?~ y=' every calendar month thereafter for forth (40) consecutive months
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`''u' "`:i;'i;`~ Each of the payments shall be credited first to interest, 1/12
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~ of the ad valorem taxes, 1/12 of the insurance premium, and the
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balance to principal.
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~ Upon the Purchaser having paid forth (40) consecutive ~
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payments under t-nis Agreement for Deed the Sellers promise and
~ agree to convey the property above described to the Purchaser by
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; good and sufficient Warranty Deed, whereupon the Purchaser will
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~ execute a promissory note and purchase money mortgage covering
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~ the above described property to secure the balance then remaining #
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IC4 RAULQSON ~YILDINC
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~ORT PIERCE„ fIORIDA i
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~ TRQMOM[ B~ ~ ~E 333
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