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AQREE MENT FOR DEED ~
MADE this the 24th day of October, A.D. 1975, between
BACKUS ENTERPRISES, INCORPORATED, a Florida corporation, party
of the first part, and WILLIAM F. THOMAS and PEARL L. THOMAS,
his wife, parties of the second part,
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;~1~~ ~ ~ WITNESSETH, That if the said parties of the second part
'Q~ . i"• shall first make the payments and perform the covenants herein-
t--a after mentioned on their part ta be made and perforc~d, the
~ ; sa~d party of the first part hereby covenants and agrees to
rr1 z convey and assure to the said parties of the second part, in fee
~--1`%"'"~ ; simple, clear of all encumbrances whatever, by a good and~
' sufficient Warranty Deed the following described land,
1~''~~'~ = ~ ;
~ situste and being in the County of St. Lucie, State of Florida
; ~ Q',~ ~ to_w~t : ;~'o~~ ~~f 3 so,. ooo1s
w~Z ~
N The South 30 feet of Lot 15 and all
F`"' a~ : Of lOt 16, B10Ck 5 Of ST. JAMES PARK
Q~ o~~~~ N } SUBDIVISION, as per plat thereof on
I~~ ~ file in Plat Book 5 at page 58 of the
~{~~jot~ttltl~i public records of St. Lucie County,
~ 6 l£ 6 p Florida.
~:~Krwc~E ~ and the said parties of the second part hereby covenant and
`'°'`~Tr 2 agree to pay the said party of the first part the sum of
~ THIRTY SIX THOUSAND FIVE HUNDRED t36,500.00) DOLLARS ~ess
~ cash deposit of ~2,~00.00 for a net of THIRTY FOUR THOUSAND
FIVE HUNDRED (a34,500.00) DOLLARS, together with interest from
date at the rate of 9'~x per annum for 25 years with said
principal and interest being payab le as follows, to-wit:
~295•46 on November 25, 1975.and ~295.46 ~
~ on the 25th day of each succeeding month
thereafter until the full sum of ~3~1,500.00
~ in paid in full, together with the interest
at 9~x per annum on the unpaid balance referred
~ ~ a
W to above. Each payment shall first be applied
to the unpaid interest and then to the principal.
= Privilege of prepayment on any sum on principal
o~~~~ ~ is granted without penalty. .
9 ~~`ac~ ' '
~ W g~ In the event~this contract is assigned without -
~ t t h e w r i t t e n c o
n s e n t o f t h e s e l l e r s t h e n t h e f u l l
F o~ unpaid b alance of the obligation referred to
i ~ above shall become due and payable. In the event
~ ~ anyone other than the buyer occupies s~id premises
" for more than one week, the full unpaid balance of
~ the obligation referred to above shall become due
~ and payab le .
i It is agreed that the full unpaid balance of this
~ contract shall be due and payable b6 months from
date, anything herein to the contrary notwithstanding.
~ AND the parties of the second part hereby further covenant
~ and agrees to pay prou~ptly rvhen due the principal and interest
~ and other sums of money provlded for in this sgreement; to pay
~ all and sin~ular the taxes, assessments, levies, liab ilities
} ~ obligations, and encumbrances of every nature on said property;
to permit, commit or suffer no waste-, impairment or deterioratio
~ ^ of saidland or the improvements thereon at any time; to keep
~ the building now or hereafter on said land fully insured in a
sum not less than the amount remaining f-rom time to timeunpaid
~ in a company or companies acceptab le to the party of the first
~ part, the policy or policies to be held by, and payable to said
~ parties of the first part, and in the event any sum of money
~ ~ull.iP G. NOURSE becomes payable by virtue of such insurance the party of the
~ nTTORNET AT LA11 first part shall have the right to receive and apply the same
~ '33.A HORTM FOURTH
GGRI PIERGE, FLORIOA
~ 33150
~ ?E~EPHONE(30S)I61•17~1
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