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HomeMy WebLinkAbout0164 ti - - _ b • t` - ~ ~ ~ • ~ ~ ~ - - _ ' ~ ~ ~ t - I~GW, 'rIiEREP'ORE, in consideration of the premises and the mut~.ial gromises and undertakings herein conta3.ned, and for other good and valuable considerations, the parties agree:- . I. SEPARATION. It shall be lawful for each party hereto at a?1 times hereafter to live separate and apart fro® the other party, free. from any control, restraint or interference, dixect or iudir~ect, by the other party, and-in all respects to live _ _ - as if he or she were-sole and unmarried. - - - 3 II. COHABITATION. Neither the husband nor the Wife shall 3other, harm, or molest, or compel, or .endeavor to compel, the other to cohabit or dwell with him or with. her. - ~ a III. RECON~ILLIATION. Reconcilliation shall not affect - ' the provisions of this Agreement as set forth in paragraphs IV. V, VI, VII, XI and XII. ' _ . _ - ~ _ - - 3 - IV. REAL PROPERTY. The Husband and Wife now own, as an estate by the entirety,- the real property located at 908 Terrace, '~-j - Road, Stuart, Martin:Countyo Florida-described more particularly - - _ - as Lot 47, Section 2, Bahama Terrace, Martin County, Florida. - • - 3 _ - The Ausband and Wife hereby- agree- that the Wife shall { purchase the Husband's Merest iri the aforesaid marital residence I for the sum of Twen Five Thousand Dollars - ty ($25,000.00). Said - amo-.mt shall be evidenced by a-promissory note executed in favor a - of tt.e Husband by-the Wife in-the principal amount of $25,000:00, - ~ and shall bear interest at the rate of 9~ per cent for a period-of 20- years, _ and --shall contain -the follawfig terms Wife shall make equal monthly payments of principal and interest for 240 consecutive months in the amount of ~ _ S _ $233.04. The first monthly payment shall be due and pay- - r - _ s _ _ _ mile thir y gn g ~ g - I t9 (30) da s after the si in of this a reement. ~ The maker shall have the right to prepay all or any - - portion of the-principal at any time wi~!-hout penalty. - ~ - - - . -2- 8 ~eiG~ ~i~ ~UJ - ~ • s