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'1l~IS INSTRiIlIENT IiA3 PREPARED BY
J. t~QCHAEL BRENNAN, of SMITH, BRENNAN
' r. ~~L~. b° ~~D ~1 rArwtMT o~ t~! I~TD MUSC~iOTT, 715 Delaware Avenue
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AGREEMENT FOR DEED
THIS AGREF.MENT made and entered into this Ia7C day of
~ ~ 1977, by and between WILBERT H. THOMSON and JOYCE
A. THOMSON, his wife, hereinafter referred to as Sellers, and
VARNER WILLIAMS and EUNICE E. WILLIAriS~ his wife, hereinafter
referred to as Purchasers,
WITNESSETH: ~
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o That in consideration of the mutual promises and covenants
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cv contained.in this Agreement and other valuabYe considerations passing
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~~~i ,rr between the parties to it, the Sellers agree to sell and the
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:_i_ f-~~t'~ f Purchasers agree to buy the following described property, situate.
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lying and being in St. Lucie County, Florida:
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Lot 24. Block 254, PORT ST. LUCIE, SECTION _6,
`~~~.X ~ a subdivision according to the Plat thereof
-~~r~ N recorded in Plat Book 12, Page 36A-36D of the
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- public records of St. Lucie County, Florida.
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The total purchase price of the property shall be the sum of
FIFTY-THREE THOUSAND, FIVE HUNDRED and NO/100 DOLLARS ($53,500.00)
payable at the times and in the manner following:
~ Five Thousand, Five Hundred Dollars ($5.500.00) paid on or
I~ before the signing of this contract receipt of which is acknowledged
t by Sellers;
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The balance of $48,000.00 payable in the.following manner:
Commencing on the lst day of May, 1977, and continuing for
twelve (12) consecutive monthly payments, the Purchasers shall pay
the Sellers $395.00 per month. The payments sha11 be first applied
to interest and second to the principal. If each payment is not ~
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made by the lOth of the month, 470 of the monthly installment will
be applied as penalty for late payment. The interest rate shall be f
~ 8 3/4 percent per annum. One (1) year from the date of the execution
of this Agreement, the Purchasers shall pay to the Sellers an ?
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~ additional $5,000.00 cash and thereafter make monthly payments of
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$363.00 per month. The Purchasers shall make a total of fifty-nine
(59) payments plus a sixtieth (60th) balloon payment. On the 60th ±
payment the Purchasers shall pay the Sellers the balance of the ;
principal and interest remaining due and owing to the Sellers on
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