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ARTICLES OF AGREF~TI'
Made this 20th day of August in the year of our Lord,
one thousand nine hundred and seventy-nine
BEIIVEETI JACIGSON CRAW and MARY LEE CRAW, his wife, parties of the first part, and
DONAI~ L. CRAW and L. CRAW his wife, partie~ -tb~e-~ party
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WITl~•S.SEZI"I, 'That if the sa parties of the second part shall first make the
payments and perform the covenants hereinafter mentioned on their part to be made and
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performed, the said parties of the first part hereby covenants and agrees to convey
and assure to
the said parties of the second part, their heirs, executors, adminis-
trators or•assigns; in fee :simple, clear of all encunbrances whatever, by a good and
sufficient deed, the lot; piece or pax~c%1 of land, situated in the County, of St. Lucie,
~Stat~•,of .Florida known and• described as follows,. to-wit:
" Lot 20 " of Block 3 of -thee Re-•Plaf' of SLiNSET PARK SUBDMSION,
' - - as-per Plat thereof, on ~ile in Plat Book 11, at page 28, of
:the Phblic~:ords of St. ~.ucie County, Florida.
and, the saiii "parties of'the second part~~he eby covenants and agrees to pay to the
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said 'parties~of the-first part-the sum of Trrenty-One Thousand One Hundred Sixty-six
and 60/100 `021,166.60) ,Dollars, in the mariner following:
_ To_be__pad in 300 _equal monthly__installments of Theo Hundred Twenty-_ _ _ _ -
two and 77/100 ~222,7~, Dollars, due on the 23 y o ea month
oeg3ning t r ~3, 1979, and continuing in monthly payments
until the whole of said indebtedness is paid;
with interest at the rate of twelve (12) per-canton per annwu, payable from date
F on the whole sum remaining from time to time unpaid; it is agreed, however, that
whenever the "index rate" as defined herein shall have decreased by one percent or
more within any six (6) month interval from date, said holder shall be obligated
to decrease the interest rate hereon, which decrease shall be in increments of
one-quarter of one percent thereof, and whenever said index rate shall have increased
by one percent or more within arty six (6) month interval from the date hereof, the
holder of this note shall have the option in each instance, for a period of thirty -
F (30) days from the end of such interval to make a similar increase (in the interest .
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rate hereon which increase shall be in increments of one-quarter of one percent
thereof, provided, however, that the interest rate hereon shall not be decreased
to below nine (9.0) percent or increased above twelve (12) percent, (thus establish-
ing a maximun rate on this note of twelve (12) percent), and provided further that
any interest rate adjustment pursuant hereto shall be
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