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= AGRE~IENT FOR DEED . ~
ARTICLES bF AGREEt~NT, made this day of ,
in the year o£ our Lord One~Thousand Nine Hun~red and Seventy sever,
BETWEEN HERBERT PULITZER, JR. , p ar ty of the f ir s t p ar t, and ~
L. RALPH POFPELL, party of the second part. ~
- W I T N E S S E T H: ;
That• if the said party of the second part shall first make the E
payments and perform the covenants hereinaf ter mentioned and his
part to be made and performed, the said party of the f irst part
hereby covenants.and agrees to convey and assure the said party of ~
the second part in fee simple, clear of all encumbrances whatever, _
bq a good and sufficient Warranty Deed, the lot, piece, or parcel
of.ground situated in the Count-ies of St. Lucie and Okeechobee,
State of Florida. known and described as follows, to-wit: .
AS PER ADDENDUM DESCRIBING SAID LAND AND TEIE CONDITIONS
WHICH THE DEED WILL BE SUBJECT T0.
and the said party of the second part hereby covenants and agrees
to pay the said party of the first part the.sum of ONE MILLION TWO
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HUrJDRED THOUSAND DOLLARS. ($1,_200, 000. 00) in the manner following: ~
.
AS PER ATTACHED ADDENDUM "A" ~ -
including ~
! interest at the.rate of six (6~) per centum per annum, payable ~
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; at 41 [l N_ T.akp Wav' Palm RPac~h+ FT. 3~dRn ~
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~ annually on the whole sum remaining from time to ti.me unpaid; and to ~
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~ pay all taxes, assessments or impositions that may be legally levied
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~ or imposed uoon said land subsequent to the year~1976 and to keep. ~
~ the buildings upon said premises insured in same campany satisfactory ~
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~ to the party of the first part in a sum not less than the .highest - ~
~ insurable value during the term of this Agreement. And in case of +
~ ' the failure of the said party of the second part to make eittier of
" the payments or any part thereof, or to perform any of~the covenants ~
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on his part hereby made and entered into, this contract shall, at ~
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~ the option of the party of the first part, be forfeited and termin- ~
~ ated, and the party of the second part shall forfeit a~ll payments - ~
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~ R~ : l 9g.~' ~ 1N ?AYMEIIT OF TAXEf p 9'~~ 3~7•~
~ DIIE ON CIAS 'C NTAM6.'d1E PER~~MRL PAOPEATr~
~ PURSWYIT TO i.!l~PTFR 71-t:~; A~TS Of ~
;QOC t~ ''A~~ ~ aocE~t Posrrurs ~rc ~
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