HomeMy WebLinkAbout0215 ~ his constitutional homestead, that the lands are located in
separate counties;~that he does not live on said real property
nor does he 2ive on property contiguous therew3th.
ADDENDUM "A"~ TO AGREF~MENT FOR DEED
BETWEEN HERBERT PULITZER, JR.- AND
L. RALPH POPPELL,~DAT~D JULY , 1977
IT IS HEREBY AGREED between the first party and the second
party that the purchase price for the said property, the sub~ect
matter of this Agreement, shall be ONE MILLION TWO RUNDRED.THOUSAND
~ DOLLARS ($1,200,000.04) subject to all outstanding mortgages in _
the present approximate amount of SEV~1 HUNDRED EIGHTY-FIVE
THOUSAND DOLLARS ($785,000.00). '
The second party shall -pay to the first party the swm of
~wenty- f ive thousand ( S 2 S 0 0) dollars n~> »A in~ . a t the ra te
. interest
of six percent (670) interest per annum upon the tmpaid balance.
First annual principal payment shall be February 15, 1979. In-
terest shall be paid annually cvmm~encing February 15, 1978.
~ The second party shall-receive full credit toward the pur-
;
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~ chase price for the payments being made by the second party upon
~ principal and interest of the existing first and~ second mortgages.
~ Par.t of the consideration of the sales price aforestated is
~ the operation of a fruit stand in the Naples, Florida area. The
value of the said operation being placed at $50, 000. 00.
- In the event that the second party does not or cannot operate
a fruit stand in the Naples, Florida area, then and in that event
should the said operation of such fruit stand cease duri.ng the
first year of this Agreement~ i.e. fruit season of 1977-78, then
~ the f irst party shall give to.the second party a credit against
i
~ principal in the amount of $50,000.00. Should the said operation
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cease in the second year of this Agreement, the credit to the
seeond party from the f irst party will be $45,000:00. Should the
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g °soox P~ 215
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