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~ AGREEMENT FOR DEED
THIS AGREEMENT MADE this da of
1980, by and between BARROWS ENTERPRISES, INC., a Florida
- Corporation (hereinafter ref erred ~ to as the party of the
first part) and GUIDO P. OTTAVIANI and RALPH DeSIMONE (here-
inafter referred to as parties of the second part) whose
address is 9 High Meadow Drive, Westerly, Rhode Island 02891.
WITNESSETH, that if said parties of the second
part shall first make the payments and perform the covenants
as hereinafter set forth on their part to be made and performed,
the said party of the first part hereby covenants and agrees
to convey and assure to the said parties of the second part,
their heirs, executors, administrators, and assigns, in fee
simple, clear of all claims, liens, or encumbrances whatsoever
except taxes for the current, year, zoning and restrictions of
record, by good and sufficient Warranty Deed, the following
described parcel of real property situated in St. Lucie
County, Florida, to wit;
- a
Lot 5, Block 8, FORT PIERCE SNORES UyIT THREE, ~ ~
as per plat thereof on file in Plat Book 9,
Page 19, of the Public Records of St. Lucie
County, Florida.
THE SAID parties of the second part hereby covenant
and agree to pay to or on behalf of the said party of the
first part, the sum of One Hundred Seventy Seven Thousand
Nine Hundred Forty Eight and 39/100 Dollars ($177,948.39)
to be paid in the following manner:
$2-,500.00 - previously paid to party of first part, - ~r;
receipt of which is acknowledged. - cn ~
~~r
~ $21,500.00 - to be paid to party of the first party ~ s,.
on the execution aid recording of this - -~z
o ~ " agreement . _ ~ ~ '
~ _ - -
~ ~
~ 18,471.97 - payable in monthly installments of $428.00, -
including interest at 7.75% per annum, ~
~ ~ directly to First Federal Savings and
Loan Association of Fort Pierce on the -
s- Z first day of each month, the first of ~ '
g ~ ~ which payments was due and made on or about
~ ~ June 1, 1980, by the parties of the second _
~y part, until the outstanding balance of
that certain mortgage loan held by First _
~ ~ Federal, being-Loan ~ 3 - ~ - -
~ and which rincipal ba
a
ce a o une 1,
~ 1980, was p$18,471.97, is .paid in full.
v
t e~
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