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v. M -STATE ~F Fl...:OR ~~A ~ ~ P"'a`""~~h~Mr ~
DOCUMENT STAM AX.~,:
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M ~f P:. Oi eev ~ - = ~ M08 l LE HOME LOTS • .
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ARTICLES OF AGREEI~I:NT, made this 29th day of , Dec~g~C, , 197_.
between AVON MANOR PARK, INC., a Florida corporation, Hereinafter called the Seller, and
N Lane Fort Pteree Florida 3350
hereinafter called the Purchaser: _
W17NESSETH; That if the Purchaser shall first make the payments and-perform•the
covenants hereinafter mentioned on the part of _the Purchaser to be made and performed, the
Seller hereby covenants to convey and assure .to the Purchaser, in fee simple by good and
sufficient deed, clear of-all incumbrances whatever, excepting unpaid taxes for the current
year the use restrictions hereinafter set forth, and reservations and easements of record,
the following described land situate in St. Lucie County, Florida.
Lots to s i4 of Block a in AVON MANOR SUBDIVISION,
(Unit No.i ,according to the plat thereof recorded in Plat
Book i6 at page 19, Public Records of St. Lucie County, Flarida. -
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th +}9 - ~6~' Ti
t~~n (q~am ion) Mob i t eho~ Ser i a i or 1. D, _
And the Purchaser-he=~by ~snts a~foTlows.~' (Water s tank to b~ furnishsd for only
one lot.
1. To pay to the Seller the sum of $ 16_80U_o0 for said land in the
manner following: $ ~nnn_en ~ cash in hand paid, the receipt whereof is hereby
acknowledged; $~_~B1 - on or before the Lst _ day of_ -
a , 197_, and $ zoB_$1 on or before the ls_
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day of each month thereafter until there shall have been paid the balance of the principal
sum tooggether with interest on principal balances remaining unpaid from time to time at the
rate of ~,~_per anflum,~computed monthly; all payments to be first applied to interest
~ then due and the remainder to principal; and other sues of money provided for in this
i agreement. All payments to be made at the existing office of the Seller or such other
place or places as the Seller shall from time to time designate. NO PENALTY FOR PREPAYMENT.
2. To pay all taxes, assessments or impositions that may be legally-levied or
p imposed-upon said land for the current year and each succeeding year, as and when the same •
I shall respectively become-due. _
3. To permit, commit, or suffer no waste, impairment or deterioration of said
land or the improvements thereon at any time. -
4. To keep the buildings now, or hereafter erected, on said premises insured in
sane company satisfactory to the Seller against fire and windstorm risks in a sum equal to
the full insurable value thereof with loss payable to .Seller. - _
in~the case of the failure of the Purchaser ±o make any of said payments, or
any part thereof, or the interest thereon, or to perform any of the covenants on the Pur-
ci,aser's part hereby made and entered into within 30 days next after the same becomes due
and payable or if each and every the agreements, stipulations, conditions, and covenants
of this agreement are not fully performed, complied with and abided by, then, at the option
of the Seller: (a) This contract shall be forfeited and terminated, and the Purchaser
shall forfeit all payments made on this contract; and such payments shall be retained by
the Seller in full satisfaction and liquidation of all damages sustained by the Seiler, -
and the Seller shall have the right to -immediately re-enter and take ssession of the
premises aforesaid without being liable to any action therefor; or (b~Al1 sums stipulated
to be paid to the Seller may be declared due and payable forthwith, and the Seiler may
foreclose this contract in the same manner and form as if it were a mortgage, and in which
event the Purchaser agrees to pay all costs, charges and expenses thereof including a rea-'~.
~onable attorney's fee and title searches if this contract shall be placed in the hagds 'of, `
an attorney for foreclosure or collection. And in the event the Purchaser shall ham failed
c o pay any taxes , assessments , i mpos i t i ons , or i nsu rants premiums , or other sums ofi•rboneq~:.~ray-
.3ble by virtue of this ,agreement, the Seller may pay the same and all sums of money so paid
~hal1 bear interest from date thereof at the highest lawful rate then allowed by the ,lbws of
the State of Florida and shall be secured hereby. Failure by the Seller to execute any of
these rights or options-herein provided shell not constitute a waiver of any rights or options
order this agreement accrued or thereafter accruing.
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