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LIIE ~ al?~~?M~ ACT= Of gllr HIDOSN PINE8 ESTATFB iEi'i. t3F
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a~ o~ n,,,~ e,,, AGREEMENT I'OR DEED M ,~F , ~
THIS AGREEMENT. made and entered taco this 22Ad day ot.....AtigtiaL.. • 1!17.6
between HIDDEN PINES, WC.. hereinaRer called "Seller" and
............Thanes..Bailey.and..&ins.-Faye..Bandy....(..his.tdi~e.-a..•.•••..-•••••.•~~~•••••••....
Name
.............~.4Q3..~>ntt~e ne . ~xe..........................................:....................... St ~uc~.e..
Address county -
.....:......F.L...Piarcn........Flori.da ................•-----...33450......----..-.............k6k-?57k ~t_
City State of Domicile Zip Code - -Telephone
hereinafter Called."Buyer". -
wITNESSETH: - - ~ -
Bnyer hereby agrees to buy. and seller agrees to sell. the foUowring described real property situate, lying and being in St. ~Lueie Y
County. Florida: Lot ..1...... in Bbek ..A...... in Hidden Pines Estates all in section 8S. Township 85 South. Range 39 East in St.
Lucie County. Florida. Subject to the following terms and conditions: 1Q
t. 2. 3. 4. 5. 6.
CASH UNPA10 BALANCE - TOTAL Of DEFERRED
CASH DOWN OF CASH PRICE FINANCE PAYMENTS PAYMENT
PRICE PAYMENT Amount Financed) CHARGE 13 plus PRICE -
I (1 minus ~ (1 Dlus 1)
~:8,250. :1,000. :7,250. :3,536.80 :10,786.80 :11,786.80
7. 8. 9. t l). 11.
ANNUAL STANDARD FINAL FIRST NUMBER
PERCENTAGE PAYMENT OF PAYMENTS
RATE PAYMENT PAYMENT DUE GATE (Including final) -
8~~ _ 89.89 = 89.89 ~ 22-76 120
-
All. taxes on the property for the current year shall be prorated _is} qt the date this Agreement is executed. Buyer agrees to
reimburse Seller for such taxes paid by Seller [or-subsequent years. -
Seller retains title to the property until Buyer Completes payment hereunder and Complies with all other terms of the Agreement.
This installment Agreement bears interest oq the balance only. Periodic payments (Payable as provided above from the
first payment due date) amortize principal and in E .The unpaid balance may be prepaid in any amount at any time without
penalty. - - ~ - 1
[ I. ~ IIHPROVEMENT3 ON THE PROPERTY ~ -
AU improvements as required by St. Lucie County.
[I. FREE TITLE II~iBUBANCE -
Simultaneously with the delivery of the Warranty Deed mentioned below, Seller shall issue to Buyer (at no cost to Buyerl, and
ownerh Title Insurance Policy insuring title to said property to be good in Buyer. If after use of reasonable diligence to make the title
insurable. Seller is unable to do so. Seller shall refund to Buyer all monies paid under this Agreement. and tbereupoq shall be released
from any and all obligations hereunder.
~ III.. DELIVERY OF WARRANTY DEED l -
Upon payment in full for said- property, and after the Warranty Deed is r~eoorded in the Public Records of St. Lucie County.
Florida, Seller shall deliver the Warranty Deed conveying title to said property to Buyer free and clear of all encumbrances except
covenants. restrictions and easements of record. and zoning and building ordinances then in effect.
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fV. BUYER'S CO$T3 - i
Seller will pay for state documentary and surtax stamps on the Deer aryl sr will pay for recordigg his Deed. In the event }
Buyer shall record this Agreement, lie shall pay for stamps and recordtiig; { r~e~n.
V. NO LIABILITY UPON BUYER'S DEFAULT
The stipulated purchase price shall under no circumstances be deemed or construed to be an obligation of $uyer for the payment
of money enforceable by suit at law or in equity. In the event of failure of Buyer to pay any instaWnent when due. whether such ~
failure be voluntary or involuntary. the only right of Seller ansing thereunder shall be that of termination of this Agreement and
rAtention of all sums previously paid ss liquidated damages. ~
VI. PO~E9SION _ t
Possession of this property shall not be delivered to Buyer until the Wamnty Deed is recorded in the Public Records. Buyer ~
tray not commynee..eenatruction upon the above property until the entire purchase price has been paid in full.
~ Vll. GRACE PERIODS IN PAYMENTS -
This Agreement shall be deemed current and not in default on account of failure. refusal or neglect. to make any required
deferred payment unless and until a grace period, which Commences with the payment due date on the Agreement, bas expired. The
number of days grace differs according to the total cash paid into the Agreement, as follows: _
80 days of grace ii IQe1`, or less of the principal amount of the purchase price has been paid.
90 days of grace J more than 10% but less than 25% of the principal amount of the purchase price has been paid.
120 days of grace it 25% or more but less than 50% of_tbe principal amount of the purchase price bas been paid.
i 150 days of grace if 509b or more of the principal amount of the purchase price has been paid. ,
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