HomeMy WebLinkAbout0553 , :3i97~~ . 5 ~ ~we~r a~ t~ .
~ ouE oN a~ r Nrtiwu~ ~o~o?n -4_,
. wt~+r ro G,~r~ n•u4. ~crs oF i9~i.~1~
At3REEMENT FOR DEED ~q,:fa Po+To.~
. ct~nc c~Pcxiit c:?c:K~. U,~~E c~. ftJ? '
MADE this the 24th day of October, A.D. 1975, between
BACKUS ENTERPRISES, INCORPORATED, a Florida corporation, party ;
of the firat part, and JANNIE LUE ALSTON, party of the second
part,
WITNESSETH, That if the said party of the second part
shall first make the p~yments and perform the covenants here-
inafter mentioned on her part to be made and performed, the
said party of the first part hereby covenants and agrees to
convey and assure to the said party of the second part, in fee
simple, clear of all encumbrances Nhatever, by a good and
sufficient Warranty Deed, the folloxing, described land,
situate and being in the County of St. Lucie, State of Florida,
to-wit: _ ~~w?isERS • /~~3- 70/- 0,~~~ ~.~/o
usE a+~r •
Lot 5, Block 21 of PARADISE PARK
as per plat thereof on file in Plat
Book 8 at page 17 of the public
records of St. Lucie County, Florida
1`~;~~ p
~E~~ ~ and the said party of the second part hereby covenants and
~ agrees to pay the said party of the first part the sum of
THIRTY SIX THOUSAND AND NO/100 (~36,000.00) DOLLARS less
~.;]Y cash deposit of ~200.00 and less cash at closing of ~6, 800.00 ;
• for a net of TWENTY NINE THOUSAND AND NO/100 (~29,000.00)
DOLLARS together with interest from date at the rate of lOx
~ per annum for 25 years with said principal and interest being
' :=~`_~~~H'~ payable as follows, to-wit:
Q~~:
ii1~2`;~ ~ ~263.53 on Novgmber 25, 1975 and ~263.53
~--W!~ a on the 25th day of each succeeding month
:Q~!~ a ~ thereafter until the full sum of ~29,000.00
~jE--`-~~i d= is paid in full together with the interest
of 10~ per annum on the unpaid balance referred
~ti~iiuti~
l~~~ to above. Each payment shall first be
applied to the unpaid interest and then to the '
:,;~,T wc~c principal. Privilege of prepayment on any
;.o~MZr sum on principal is granted without penalty .
In the event this contract is assigned without
' the written consent of the sellers then the full
unpaid balance of the obligation referred to
' ~ abQve shall become due and payable. In the event
I anyone other~than the buyer occupies said premises
` for more than one week, the full unpaid balance of .
~ the obligation referred to at5ove shall become due
and payab le .
!
It is agreed that the fu13 unpaid balance of this
~ ~ contract shall be due and payable 60 months from
~ date, anything herein to the contrary notwithstanding.
~ ` M
~ AND th~' party of the second part hereby further covenants
~ " and agrees to pay promptly when due the principal and interest
~ and other sums of money provided for in this agreement; to pay
~ all snd singular the taxes, assessments, levies, liabilities
~ obligations, and encumb rances of every nature on said property;
_ to permit, commit or suffer no waste, impairment or deterioratio
~ of said land or the improvements thereon at any time; to keep
= the building now or herefter on said land fully insured in a
~ sum not less than the amount remaining from time to time unpaid
~ . 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
~ becomes payable by virtue of such insurance the party of the
y first part shall have the right to receive and apply the same
PHlLIP G. NOURSE
~ RTTORNEt AT lAM •
~ 133•A NORTM FOURTM ' '
~~~RT PIERCE, F~ORIOA
~ 33150
' E L EPHONE (3051161•17~1 ~
~ ~ ~ 80~~ 245 ~~E 552
3
. . . . . . . . , . . ~
_.,..-_1