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~ ' 01~ ON C(ASS 'C' ~NTAI~IG~Bt~ ~~E11T Of TN(Q
, t~6' PURSUAN~ TO
4~1 ROG~EER~POi,IG.~~ 19I~1, Rn~, ~
CIER!( CNIplIT COt11ti, St. lU(;IE ~
oo~ fu~
THIS IS A BALLOON MORTGAGE AND THE FINAL PAYMENT OR THE BALANCE
DUE UPON MATURITY IS $ 27 4 9.71 , TOGETHER WITH ACCRUED
INTEREST, IF ANY, AND EP~N'~S~MADE BY THE MORTGAGEE UNDER ;
THE TERMS OF TNIS MORTGAGE. ~
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AGREEMENT FOR DEED _ ,~k~ o i
MADE this the lst day of June A. D., 1976,
& his wife f
Mari2e~ I. Jacobson,
between DONALD JACOBSONJand . REA,/ parties of the first part,
& Kathleen B. Rea, his wife
and C. BRUCE KONLER and MARY J. KOHLER~ his wife, parties of the
second part . ADDRESS IS : 449 SANDIA, Pt. St. Lucie, Florida
WITNESSETH, that if the said parties of the second part shall
first make the payments and perform the covenants hereinafter
mentioned on their part to be made and performed, the said parties
of the first part hereby covenant and agree to convey and assure
to the said parties of the second part, in fee simple, clear of all
encumbrance's whatever, by a good and sufficient warranty.deed, the
following described land~ situate and being in the County of St.
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Lucie, State of Florida. to wit ~~~/~'j'~~Q- ~~/~S- OC'4 7
Lot 22, Block 48, RIVER PARK SUBDIVISION, Unit 5, according
to the plat 'thereof as is r•ecorded in Plat Book 11 at
Page 31 of the public records of St. Lucie County, .
F1oriTa. -
and the said parties of the second part hereby covenant and agree
~ to pay the said parties of the first part the sum of THIRTY THOU=
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~ SAND DOLLARS AND NO/100 ($30,000.00), less a down payment of TWO
THOUSAND DOLLARS ($2,000.00)for a balance of TWENTY-EIGHT THOUSAND
DOLLARS ($28,000.00), together with interest from date at the rate
of 9% per annum, said principal and interest being payable as follows,
to wit:
$250.00 per month which includes interest on the ist day
o~ of , 1976, and $250. 00 on the lst ~ay
Q j of eac succee ing month thereafter for a perio~ o~ one
N year, at which time the principal balance due hereunder
:i~; ~ shall mature and become due and payable to the parties of
D~, rr~ the first part. The parties of the second part may, at
f~j_j~ ;.~,-a or before one year from date , if qualified, assume the
=r:'~_~.~:_._'; existing first mortgage on the property, if any, or to re-
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finance the same and to pay to the parties of the first
part the difference in cash due on said purchase. In any
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event, whether assumption is made or not, or whether the
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`.~U~. property is refinanced or not by the parties of the second
~~--r!~ ~ part, the principal balance due hereunder with any accrued
.',Q~~;~~t! interest shall mature and be due and payable one year from
jF-;~`~ z`~ date of the first payment. Each payment shall be first
applied to the unpaid interest and then to the principal.
The privilege of prepayment on any sum of principal is
granted without penalty.
RICHAR~ D. SNEED. JR. P.A. ~'C; f~ ~
ATTORNEY AT LAW
700 VIRGINIA AVENUE. SUITE 102 - FORT PIERCE. FLORIOA 33450 -(305) 485-2330
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