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AGREEMENT FOR DEED
THIS AGREEMENT made this 1st day of May, 1980 by and between
ARMAND DELLA VOLPE , a single adult and ALBERT W. RIELE, a married
adult, parties of the first part and CHARLES C. RITZMILLSR d
LESA L. RITZMILLER,HIS WIFE, parties of the second part, s~$ 0
K E AQN E y Ie A A ~ ~o ~T P«RC E~ ~L 334 so
WITNESSETH, hat if the said parties of the second part shall
first make the payments and perform the covenants hereinafter
mentioned on their part to be made and performed, the said parties
of the-first part hereby covenant and agree to convey and ~~ssure
to the .said parties of the second pait, in fee simple, clear of
all encumbrances whatever, by a good and sufficient warranty deed,
the following described land, situate and being in the County
of St.Lucie, State of Florida, to-wit:
South 77 feet of Lots 1 and•2, Block 2, WYLDWOOD PARR
SUBDIVISION,~according to the Plat thereof as recorded
in Plat Book 5, Page 54, of .the Public Records of St.
Lucie County, Florida.
and the said parties of the second part hereby covenant and agree
to pay to the said parties of the first part the sum of NINETEEN
THOUSAND AND NO/100 ($19,000.00) DOLLARS being payable as follows:
(A) $4,000.00 cash, the receipt of which is hereby acknowledged;
(B) The unpaid balance~of $15,000.00 bearing interest at
ten (10$)percent per annum from this date shall be paid in 180'
equal monthly installments of $161.19 commencing June 1, 1980 and
a like sum due on each like succeeding period thereafter until the
entire principal balance is paid in-full. Prepayment in part or
in whole is granted without penalty at any time.
This contract cannot be assigned without the written consent
of the seller.
AND the parties of the second part hereby further covenant and
agree to pay promptly when due-the principal and interest and other
sums of money provided,~for in this. agreement; to pay all and
singular the taxes, assessments., levies, liabilities, obligations,
and encumbrances of every nature on said property; to permit,
j commit or suffer no waste, impairment or deterioration of said
land or the improvements thereon at any time; to keep the building
~ now or hereafter on said land fully insured in a sum not less
E than the amount remaining from time to time unpaid in a company
or companies acceptable to the parties of the first part, the policy
~ or policies to be held by, and payable to, said parties of the
first part, and in the event any sum of money becomes payable by
virtue of such insurance the parties of the first part shall-have
the right to receive and apply the same to the indebtedness
hereby secured, accounting to the parties of the second part for any
surplus; to pay all costs, charges and expenses, including-lawyer's
fees and title searches, reasonably incurred or paid by the
~ parties~of the first part because of the failure of the parties of
~ the second part to promptly and fully comply with the agreement,
stipulations, conditions and covenants of this agreement,; to perform -
comply with and abide by each and every the agreements, stipulations,
conditions and covenants set forth in this. agreement. In the event
the parties of the second part fail to pay when due any tax assess-
3 'ment, insurance premium or other sum of money payable by virtue of
this agreement, the parties of the first part may pay the same,
R without waiving or affecting the option to foreclose or any other -
right hereunder, and all such payments shall bear interest from date
hereof at the highest lawful rate then allowed by the laws of the
State of Florida.
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