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STATE F'LGRiCl,•~
• D_OCL'MEN7ARY.,•~ $TAh1F ~ A ~t~
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~ r• MOB 1 LE HOME LOTS
ARTICLES OF AGREEMENT, made this day of Oete~r , 197_,
between AVON MANOR PARK, INC., a Florida corporation, hereinafter called the Seller, and
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d_ Ca~,dl l l ~ II~rtAa E_ Caudl l l ~ ~~~L7~~ Fert Pl~r~~ L<terld~ j~p~
hereinafter called the Purchaser:
WITNESSETN: That if the Purchaser shall first make the payments and perform the
covenants hereinafter mentioned on the part of the~Purchaser to be made and performed, the
Seller hereby covenants to convey and assure to the Purchaser, in fee simple, by good and
sufficient deed, clear of all incumbrances whatever, excepting unpaid taxes for the current
year~the use restrictions hereinafter set forth, and reservations and easements of record,
the following described land situate in St. Lucie County, Florida.
~ Lot ~,_of Block 9 in AVON MANOR SUBDIVISION,
7?
(Unit No. l ,according to the plat thereof recorded in Plat
. Book ~ at page 19 , Public Records of St. Lucie -County, Florida.
And the Purchaser hereby covenants as follows:
1. To pay to the Seller the sum of for said land in the
runner following: $_~_pp cash in hand paid, the receipt whereof is hereby
acknowledged; $ l_l~~______ on or before the- ls= day of
19~_____, and $ ~p,l.~p on or before the lsi
day of each month thereafter until there shall have been paid the balance of the principal
Sum-together with interest on principal balances remaining unpaid from time to time at the
rate of per annum,-computed monthly; all payments to be first applied to interest
then due an the remainder to principal; and other sums of movey provided for~in this
agreement. All payments to be made at the existing office of the Seller or such other
place or places as the Seller shall from time to time designate. NO PENALTY FOR PREPAYMENT.
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2. To pay all taxes, assessments or impositions that may be legally levied or
imposed upon said land. for the current year and each succeeding year, as and when the same
;hall respectively become due.
~ 3. To permit, commit, c,r suffer no waste, impairment or deterioration of said
land or the improvements thereon at any time.
4. To keep the buildings now, or hereafter erected, on said premises insured in
~.ome company satisfactory to the Seller against fire and windstorm risks in a sum equal to
'~e full insurable value thereof with loss payable to Seller. -
5. In the case of the failure of the Purchaser to make any of said payments, or
any part thereof, or the interest thereon, or to perform any of the covenants on the Pur--
~,~aser's part hereby-made and entered into within 30 days next after the same becomes due
and payable or if each and every the agreements, stipulations, conditions, and covenants
of this agreement are not fully performed, complied with and abided by, then, at the option
of the Seller: (a) This contract shall be forfeited and terminated, and the Purchaser
shall forfeit all payments made on this contract; and such payments shall be retained by
~E~e Seller in full satisfaction and liquidation of all damages sustained by the Seller,.
~ and the Seller shall have the right to immediately re-enter and take ssession of_the
premises aforesaid without being liable to any action therefor; or (b~All sums stipulated
to be paid to the Seller may be declared due and payable forthwith, and the Seller may
foreclose this contract in the same manner and form as if it were a mortga e, and in w:~ich
~vunt the Purchaser agrees to pay all costs, charges and expenses thereof ~ncluding a rea-
l ~onable attorney's fee and title searches if this contract shall be placed in the hands of
in attorney for foreclosure or collection. And in the event the Purchaser shall have failed
~ pay any taxes, assessments, impositions, or insurance premiums, or other sums of money pay-
able by virtue of this agreement, the Seller may pay the same and all sums of Honey so paid
~ha)I bear interest from date thereof~at the highest lawful rate then allowed by the laws of
;t,~ State of Florida and shall be secured hereby. failure by the Seller to execute any of
;iiese rights or options herein provided shall-not constitute a waiver of any rights or options
~r,der this agreement accrued or thereafter accruing.
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