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~ pEPt. Uf REYLNUE ` • ~MI~ TO C~f~py/ 71. 134 ~y~ a ,
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r -t' ROGER Pp~T'Rqg
_ a, r- e"~ ~ C~elt dtwit
~ . . V:=."2 _ - . _ Cour~ St. LucN.
Co.. FI~.
• CONTRACT FOR DEED •
~ THIS CONTRACT entered into this 4th day of May, 1978,
,,,a ~a..,ee.. .Tnc~nu (_r1T_11~URFRf. . a a; nc~t a aclut t, hereinaf ter :
_ - DUNCAN, .
called "Seller", and RONALD OUNCAN and MARY K. "
his wife, hereinafter.called "Buyer". '
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W I T N E S S E T H: ~
It is hereby agreed between the parties as follows: ~
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1. Seller agrees to convey to Buyer, and~Buyer agrees ~
to purchase and pay for, as hereinafter provided, the following . ~
described property in the County of Saint Lucie, State of Florida, ;
:
to wit: ~
Lot 16, Block 1, Green Acres_Subdivis_ion as per
plat thereof recorded in Public Records of Saint
Lucie County, Florida.
~ 2. The cash price of said lands is $18,720.00 bearing ~
-interest at the annual percentage rate of 0$ per annum on the un- ~
paid balance of principal, payable in equal weekly installments of ~
$60.00, commencing Friday , May 12 , 1978, and on the same day of
the week thereafter until the entire~amount has been paid in full. ~
All payments must be paid within f ive (5) days of due date. Buyer f
shall have the right to prepay in whole or in part without penalty.
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3. It is understood that there is an~existing mor-tgage ~
; covering this property, the discharge of said.obligation is the ~
I responsibility of Seller and upon full and complete payment of the
~ purchase pr~.ce and all other sums of money payable hereunder by Buyer ~
and upon Buyer's performance of all his covenants contained herein,
Seller shall convey said lands.to Buyer by Warranty Deed, clear of
all encumbrances except taxes for 1978, and subsequent years, zoning
regulations, easements or limitations of record, if any. Seller ~
expressly reserves easement for the Seller and his purchases and ~
assigns to maintain and service Seller's water well on~Seller's
adjoining property. . _ - -
4. It is acknowledged by the parties that the Seller will
receive a Saint Lucie tax bill in November of 1978, on said lands.
Buyer shall pay the real estate taxes for the current year, and shall
pay all subsequent taxes against said lands.
5. Seller represents unto Buyer that his title to the ~
subject property is insurable subject only to the standard printed €
~ execptions and the exceptions reflected in Paragraph 3. Any pnr- f
~ chase of title insurance by Buyer shall be at Buyer's expense.
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6. Buyer shall pay for all documentary stamps, recording
fees and intangible tax i.mpose~ by the State of Florida by virtue F
• of the execution and tlelivery of this Agreement, the Deed to be de- '
livered hereunder and any mortgage from Buyer to Seller. Upon re- =
ceipt of 50$ of the total purchase price,.Seller may execute a Warranty £
Deed and take back a note and purchase money mortgage on said property, ;
~ provided that Buyer is not, nor has ever been, in default as to the ;
terms of this Contract and Buyer shall pay all closing costs. ~
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