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~ ARTICLS OF ACREE~ISHT ~ p ~~l•~~ pf iy~j~
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NADB thi+~ ? day of ~ s~h~ A. D. 1973, batws~~
NAJOR EXCAVATIAC CONPANY, INC. , a~orz a Corporattion, party
of tha firat part and Dsnnis R. Synith and Trud~/ Y. L. Sr~ith, his ~ti,~a
~'.I~Q party o f ths aQOOnd part, ~OI~L,~'35~1 I~d,+~C T, ~ E.~c~ FL ~
~ W I T N E S S S T B ~
;L~'-~ ~ ; ~.So
`Q~, 2 TBAT if ths aatid part,~ of ths ascond part shatt firat
r~ ~mak• tha paymsnts and pQrform the covenanta hsrsinaftsr msntionad,
i.~)~~-:t~ ~ on ths~r part to b~ n~ads and psrfor~ned, ths said party of the
~;f{rat part h~rsby oov~nanta and agrsas to oonve~ and asaurs to ths
f.;~ ~ aaid part y of th~ asoond part, thsir hairs, sacecutore, adinin~s- ,
tratora or aasi ns, sn Qs sim Zs, olsar o aZZ snauMbrancas, b
; ~~W 9 f P f ~
+ Q,Z ~ t~ good and 8ufficiQnt D~ed, the Zot, pisce or parasZ of tand, sitt~-
~~1Z;> ~ atad in tha County of St. Luoie, State of Florsda, knor~n and
F-"';x dasoribsd as fot to~s:
~Q~l~ ?1tt N
ir--4'~i Lot 4, Btock 7, Unit 111, Green Acres Untit 111
!i~lo~ott~~ItN1 . ~ S/D, as recorded in ptat book 16, page 28
~ of ths pubZia records of St. Luaie County,
5 0 ti O Ftorida
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~ouNrr ` ctnd the eatd part y of ths seaond part hsreby covenant and agree
: to pay to the party of the firat part the sum of Fi.ve T'houeandFexr
' Aundrsd NtinetyF{va ( 55495.00 r~~th tintsrest from date at ths
rats ofeight ~and one hat f~ 8 1~ P~r annum as fot Zo~a :
Ninety Aine-----------------------l-S 99.00 1 upoie the sigrting
of this Agraement, the receipt r~hereof is hereby aaknor~tedged, and
the bal,p~nee as fo Z Zoc~s :
Forty Aine doZZara and Hinety Pive Cente(S 49.95 1 psr month on
the firat day of each r?~oreth thereafter, beginnting Deaen~ber IsR. ,
19 ~3 , unti Z- the ~hote be fu Z Zy paid.
~ Eaah inetall~nent shaZl firet be appZied on the payment of interest
and then on the unpaid balance of the principaZ sum.
Jn any instattmenta u~hich are not paid a~ithiruevere ! 7) days
from due date, it is optional ~ith party of the first part to aharge
part y of the second part a Five Dotlar (S 5.00 ` )
penalty charge on the Zate pay~nent.
Said part y of the second part hereby covenant and agree to pay alt
~axes, assesaments or impositions thut may be Zegalty Zevied or
imposed on said Zand subaequent to the year 29y3. Second part
atao agree to pay aZl costs, charges arcd expenses, Zar~yer's fses and
titte searches, reasonabty incurred or puid by the firat party
because of the faiture of second party to promptty and fuZty ~ompty
~aith aZZ conditions and covsnants in this Agreement. In the event
aecond part y fai Z to pay,'-~ahen due, any tasas, assesaments, or
other s wna of money payabte by virtue of this Agreenrent, first party
~ may pa~ same ~aithout ruaiving or affecting their option to forectose
this Agreement, and aZt auch pctynrents ahatl bear interest from date
thereof at ths highest -rata then attou~ed by the Laras of the State of
Ftorida.
~ ~ If anb sum of n~oney herein referred to be not pro~ptly paid
kithin ~hirty f 30 1 days reext after the aame becomes due, or if
each and every one of the agresments, stiputationa, conditiona and
covexants of this Agraement are not futty performed, comptied raith
and a~~,ct~sji, b~s .#~tsr~•~e entire unpaid batanae of thia Agreement shatt
fd~~hi~~~~ ,~t~ .~h~ter, at the option of the first party, beoome
due pa~abZ~*~~rr+d the estat;: :~areby argated in 8e~ond part ,
ahatt cease, tern~inate, and be nutt and void. Furthermors, ~his
Agresment .:.`~aZZ, at the option of the party of the firet part, be
forfsitsd and termi»atod, and the party of the second part ahaZZ
forfsit att pa~mente made by then+ on this Contraot; and sueh payn?ents
sha~l be retained by the aaid party of the firat part tin fuZZ
4
8~~~~45 P~2959
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