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~~A s p iUt~IIIN[NT Of COItOtT10Ni tON•
R'~QER ~t?:Ui ,M. ABTICLBS OF AGkB8M8NT TAIN[O IN A TITS[ INSYRANC[
y w, CONNITNpA Ifi11[p iT IT.
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Made this ~•7/ ~ day of .January in the year of our Lord, one thousand nine
hundred• ei hty Between 88$IIARD'PO[UTA and 8TSpHANIB PORUTA, his wife, parties
of the first part, and J08 FATB, of 502 South Carolina Drive, Stuart, Florida
33494, party of the second. part;
WINTESSgTH, that if the said party of the second part shall first make the
payments and perform the covenants hereinafter mentioned on his part to be
made .and perforated, the said parties of the first part hereby covenant and
agree to convey and assure to .the said party of the second part, his heirs,
executors, administrators or assigns, in fee simple, clear of all incumbrances
whatever, by s good and suffuciant deed, the lot,-piece or parcel of land,
situated in the County of St. Lucia, State of Florida known ss described as
follows, to-Wit:
LOt 3b, 1f10C1c 419, i`~8T S1. T~uCIB ia~~TZL`:3 Tg.°,.~E, 3cL'nrelin~ to the
Plat thereof as recarded in the Office of the Clerk of the Circuit
Court in.aad for St. Lucie County, Florida, in Plat Book 12, page 13A
of the public records.
And the said party of the second part hereby covenants and agrees to pay to
the said party of the first part the sum of FIVE THOOSAND FOOB.HUNDRBD DOLLA83
AND' N0~100 payable 'as -follows: •
$2,040.00 due and payable when this Articles of Agreement is executed by both
parties, receipt of which is hereby acknowledged by parties. of the first part;
the balance left owing of $3,3b0.00 due and payable is consecutive monthly
installments of $63.98, wbich includes interest at 11x; said monthly payments
to begin oa the 28th day of February, 1980 and to continue monthly until
the 28th day of January, 1986, at which time all principal and interest
due thereon shall be fully paid.
The party of the second part hereby reserves the right to prepay any or all
of the monies owed the parties of the first part at anytime without penalty
whatsoever.
It is hereby mutually agreed that when the warranty deed is issued, the
parties of the first part shall pay the necessary recording stamps and that
the party of the second part shall be the fee to record the Warranty deed.
The party of the second part agrees to pay all taxes, assessments, or impositions
that may be legally levied or imposed upon said Land subsequent to the 31st
day of December, 1979,and to keep the buildings upon said premises insured in
some company satisfactory to the parties of the first part, and payable for the
parties respectively as their interest may appear, in a sum not less -th~a~f'ul,l
insurable value during the term of this agreement. Aad in case of failure of
the said party of the second part to make any payments or any part thereof, or
to perform any of the covenants on his part hereby made and entered into, this
contract shall, at the option of the parties of the first part, be forfeited '
and terminated, and the party of the second part shall forfeit all payments made
by him on this contract; and such payments shall be retained by the said parties
of the first part in full satisfaction and liQuidation of all damages by them
sustained, and the said parties of the first part shall have the right to re-
enter and take possession of the premises aforesaid without being liable to any
action therefor.
,IT IS MUTUALLY AGREED, by and between the parties hereto, that the time of each
payment shall be an essential part of this contract, and that all covenants and
agreements herein contained shall extend to and be obligatory upon the heirs,
executors, administrators and assigns of the respective parties.
Itl WITNESS WHEREOF, tl-.e parties to these presents have hereunto set their hands
and seals the day and year first above written.
Signed, sealed and delivered in
t,/hte, presence of
w~ness as to seller ~ Bernard Pokuta
p Q 60~ ~ . t ~
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