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HomeMy WebLinkAbout0519 ~ ~ ~ 9 ~ RECEN~ ~IM~ R~K ~ ' ~ ouE oN a~'~ ~~t•ts4. w'~ °F v~ , A oR O R 1 C~'A,1 t ~~1 ~ ~ c,/m ~~Z~ ~ N itY TAMP T A ~ ~ i ~ OOUt~ ~ ARTICLE OF ACREENENT ~ ~ ~ , . ` a-~. S Q ~ • . ' . ~u~~ot j-~ MADB thie 1 Sth day o f Februar~ , A. D. 1998 , bs te~QaK NAJOR BXCAVA:'IAC COMPARY, IAC., a Ftorida Corporation, party of the firat part, and RARRl E. f~ACD0.9ALA ~ HARION MACDOI~ALD, h~a ~~fs part~s• of the 8scond part, 800 Amy Lan~, Ft. P{sroE, PZorfda ~ W I T N E S S E T B TlIAT if the satid part~sa of the aecond part shatt firat n~aks tha paymsnts and perfornr ths covsnareta hereinafter menttoned, on thsir part to bs made and performsd, the said party of the ~ first part hsreby covenants and agress to aonvey and as8ure to ths aaid part~tsa of ths seeond part, their hetirs, esecutora, aci~ninis- tratora or assigns, in fee simpte, ctear of att eneumbrances, by h good and suffiaient Deed, the Zot, piece or parceZ of tand, sittc- ated tin the County of St. Lu~ie, State of Ftorida, kno~n and described as fottor~F: Lot 1, I3Zook 4, CRSL~A ACRES UNIT II S;'D St. Luo~e County, Plorida • /y.~ - ~ol -G~a~- a~~~ us~ oN~r • 5 and the said part~QS of the second part hereby covenant and agree ~ n to pay to the party of the first part the sum of 8irty t~o hundred ~i~j nin~ty-fivs doZZardS ~pA5.0~ ~aith interest fronr date at the • rate of Qight f s8 x1 per annuM as fotlo~s: :,:s nundrec~ ninety-nine dottara f S 989. 00 1 upon the signing a~~ ~ of Lhis Agreement, the receipt ~hereof is hereby acknor~tedged, and ~ ~ the balarece as foltoras: forty-nins doZtara and rtin~t~-five Qen:e - 43.~5 ) per month on the f~irst day of each mortth thereafter, beginning April 1at , 19~' , unti Z the r~hote be fu Z Zy paid. ; Each instattment ahaZZ first be appZied on the payment of interest ~ and then on the unpaid batance of the principat eum. On any ~nstallments ~hich are »ot paid rui.thin eeven ( 7) days ~ from.due date, it is optionat r~ith party of the first part to.charge ~ part'~68 of the second part a~ive doZtar S.DO ) penatty charge on the Zate payn?ent. ~ Said part'ia8 of the second part hereby covenant and agree to pay att t~~es, assessments or impositions that may be Zsgatty Zevied or imposed on said Zand sub8equent to the year 19~j. Second part atso agree to pau att costs, charges and expenses, Zar~yer's fees and titte searches, reasonabtu incurred or paid by the first party - because- of the faiture of second part~sa to promptZy and futty comply raith att conditions and covenanta in this Agreement. Ire the event second partia8 fai Z to pay, ruhen due, any tu.saa, ctssessments, or other aums of money payabte by virtue of this Agreement, fir8t party may pay aame ~ithout ruaiving or affecting their option to forectose this Agreement, and aZt such paymenta shatt bear interest from date thereof at the highest rate then attor~ed by the Lct~s of the State of FLo.rida. ~ - If any sum of money herein referred to be not promptty paid r~ithin th~trty ( 31~ ~ days next af~er the same becomes dus, or if ~ eaah ar~d every one of the agreements, atiputationa, conditions anc~ ~ covertants of this Agreement are not futty performed, conrplied r~i.th ~ . and aotided by, then the entire unpaid batanee of this Agreement shatl ~ forthwith and there~fter,`at the option of the firat party, beaome ~ due and payabZe and the estate hereby created in second par~ ea , ~ ahall cease, terminate, and be null and void. Furthermors, this Agreement shatt, at ine option of the party of the first part, be forf6ited and terminat~d, and the part'~~e of the second part sltatl forfeit al t payotereta nrade ~by them on this Contract; and suah payments shalt be retained by' t3~e ~aaid party of the firat part in fult E b ~ ~4~ PACE ~10 ~ ~ . ; , : - > ~ ~ ~ r ~ j « ~ _ .