HomeMy WebLinkAbout0164 ~
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(~29,400.00) DOI,IJ~3 ehall be avidenc~d by a noto sig~ned by ;
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; the Purch~esr to the order of the 9sller or b~arer and pgyable ;
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within e period of four (4) ysare Yrom the date of the cloeing ;
and ehall bsar iusterest et the rats of 8-3,/4 paroont on any ~
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and all outetanding balencse dua thereon. During the torna o~ s
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ee~id period oi four yesre, ths Pu~rcha.ser shall amortias said ; '
~ aote at ths rate of T~iO HtJNDRSD FORTY-ONE end 72/100 ($241.? 2) ' i
DOJ,I~ARS monthly, oommencing one mo~th after tho dats of cloeing ;
i, and pe~yebls each and every month thereafter until th~ sxpiration '
date of the aYoreeaid note, rrhen ths ent~ire principal balanee ;
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and aocumula~ed interest ahall thersupon becoms ftiil~y due and
pe~yable at ance. Purchaser rsserves ths privilage to prepay ~
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any end all portione oi ths principal indebtsdneas at eny tims
without penalty. `
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4. Purchaser acl~owledgse that they ars aware of .
~ the eaietenas of a first_ mortgage lien on the eaid property in ~
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favor of Citizens Fsderal Savings & Loan Association of St. Lucie '
~ County, snd in this connection Seller ~rarrants and guarantees ~
~ that said mortgage and its required p&yments and all othsr ~
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; obligatione thereunder ehall be kept in ftill iorce and sffect ~
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j and that no delinquency or violatioa uador the terma thersof
shall be permitted to oacur. In the event of the violation oY
any of the terms and conditione o~ the said mortgage in favor
' of Citizens Federel Savings & LoBa Aseociation, and notifiaatian '
thereof to the Purahaser, Purchsser ehall have the ri~t to ~
apply p~yments required to be made hereunder by them to the
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Seller direatl,q to said lending inatitution eo ae to keep eaid
~ mortgaga curront and free from default at any and all times. ~
~ 5. Purchaser ehall be entitled to poessseion of the
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~ premisea herein daecribsd upon the closing hereof, and during ''e
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~ the life of this contract, Purchaeer shall maintain ths property,
H~.o~d H. ~i~~ including improvamante erected thereon, in a state of good
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B1id - repair and condition. Seller shall have the right to inepect
St. Lucie, Flo. 33152 • ~
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