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~ In r~nsicieration of the tprms and c:~~n~liti~n~ her~inAfter set f~rth,
' FRANK A~IARTIN and VTR(;INIA A. MAR'~"trl, his w3fP A*tD RnvAt, FLAr(~ JONA~
~inc~ ,PTRE3ARA JONA~, his wife, 410-71st Street, Mia~*i Reach, F1ori~R ~
33141, hereinafter called Seller, .~nd TETFR FRnHI.If'E1 Anc~ ANNEFROHLI('~~, ~
hi s wife
MQR~SS: 1010 Gatewood Ave. CITY: Ft. Pierce STAT~: F1_ ZIP: 33~,
~ l~ereinafter called Buyer, agree that if the Buyer shall first make the payments a~d r
p~rform the covenants he~einafter set forth on the Buyer's part to be madc and pcr- i
formed~ the Seller hereby covenants and agrees to cause to be conveye~J to tl~e Buyc~r, ~
i~uminees or assigns, in fee simple, subject only to applicable building, zo~ing and ~
l:~nd use regulations, by good and sufEic.ient deed, that certain parcel of lancl silu-
ated in St. l.ucie Couqty, Florida, knoWn as Tract ~S oE an unrecorded Plat uf
Hawley Acres, The Lrgal de-
scription of said tract is attached hereto as Exhibit 'A". - . ~ i
' The Buyer hereby agrees to pay to the Seller the sum of $11~500.00 as
consideration therefor in the follow~.ng manner:
~ 1. $ 1,150.Q0 upon execution hereof.
2. $ 125.58 one month from the execution hereof; and the same •
sum on the same day of each and every month thereafter until the
entire balance has been paid in fult.
The balance remaining after the sum paid upon execution hereof, shall bear interest ~
at tl~e rate of 87. pcr annum and each payment st~all first be applied to accrued and
unpaid interest witt~ tlie remainder applied to tt~e principal balance; and which
balance may be prepayable at any time without penalty. E
All payments shall be made to: FRANK A. MARTIN, Agent '
_ 410-71st Street
Miami Beach, Florida 33141
Thc Buyer further agrees to pay all taxes levied against the property de-
scribed herein from and after the date hereof, exce~~t that applicable taxes for
this year shall be prorated. Until separate Tax Bills are available, taxes shall
.br based on the square tootage in the total tract described in Exhibit "C", with a :
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' proportionate share being allocated for the Tract herein being conveyed; and which ;
~ taxes shall be due and payable by the Buyer no Later than Uecember 31st of each ~
~ year. .
~ Buyer agrees to make all of the foregoing payments, including taxes, on their.
~ respeclivc due dates, f~,iling which this Agreement shall be in default. Upon de-
fault, Seller agrecs to cause-a Notice to be sent to the Buyer at the~last address
~ furnished the Seller, specifying the default and allowing thirty (30) days for said
default to be cured. In the event that the said default is not cured within thirty
(30) days of the mailing of said Notice, then and in that event the Buyer acknow-
~ ledges that he is forfeiting any and all equity which he may have theretofore had
in the property, and the Seller is authoriaed to deal with the property as if this ~
contract had never been enteYed into.
This contract shall be freely assignable by either party, but no such assign-
ment shall be valid unless the assigning party shall furnish tl~e other party with `
a witnessed and notarized copy of an assignment. wliich assignment sets fortl~ the ,
name, residence and mailing address of the assignee, such assignment to be sent to
t the other party by registered or certified mail with return receipt requested and
~ received. '
~
~ This contract contains the entire agreement between the parties and the Auyer ~
~ acknowledges that no oral representations have been made as to tl~e use of the ~,re-
~ mises; and it is further agreed that this agreement shall be binding on the heirs
~ or assigns of either party~
DATF. • this day ~f 19~_.
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