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A G R S E N S N T ~
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THlS AGRBD~lENT, made the first day of January, Z975, between ~
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CIARK L. WNZT~ arxI INGRID A. WXITS, hereinafter cal2ed the Lessors, and {
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TSRRY LEB JACOBY and JANST JACOBY, hereinafter called the Lessees. ~
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WHBREAS, the Lessees desire to lease N~t6 an option to purchase ~
certa~n prg»ises known as Lot No. 52, Block 1222, Pbrt St. Luc~e
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Sect~on 8, I365 S/W Gastador Avenue, Port St. Lucie, Fort Pierce, ~
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St. Lucie County, Florida, a Subdiv~sion acc~oz~ding to the Plat thereof ~
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as recorded in P2at Book 12, Page 38A of the Public Records of St. ~
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Luc~e County, Florida, and '
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WI~REAS, the Lessors desire to rent the same pr~nises;
HOW THSREFORE, it is mutually aqreed between the p~rt~es: s
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1. That the Lessees have paid to the Lessors the £
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sum of Ztvo Hundred and No/100 Dollars ($200.00) which constitutes the ;
rental rebate for eight (8) atonths at $40.00 per month minus unpa~d i
; November and December 1974 rental payments, upon the signing of this ;
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; Agreeatent; `
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~ 2. That the Lessees wi11 pay a monthly rent pursuant =
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~ to the terms of a Zease of even date herewith, said m~nthly payments
in the amaunt of One Hundred Forty Four and 11/100 Dollars ($244.11) ~
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~ which is the amount of the monthlypayments of the existing mortgage
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~ on the property held by the Citizens Federal Savings and Loan Associat.~on ~
~ of St. Lucie County; and
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~ 3. That the Lessees will execute a promisory note
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an amount of S~ x Thousand Seven Hundred and No/I00 Dollars (56,700.00)
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~ payable within twenty (20) years of the date hereof.
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~ That the Lessors will pay to the Lessees an am~unt equal to that amount
by which the outstanding balance of the current rrortgage at Citizens
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Federal Savings and Loan Associatian exoeeds Ninteen Thousand One Hundred
~ and No/100 Dollars ($19,100.00) , which is $1.56;
gooK 238 Pa~E 421
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