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HomeMy WebLinkAbout0868 FA-1140 ~ ~ . S' 4:~a~~ S Dw• On C1~ ~ Of T~ meant To 'y 71.1>N, qps OI 1~ Oc. • MOBILE HOME LOT~j~ wit C~ nh ~ ,,~c~ - ARTICLES OF AGREEMENT, made this 14th day of January ~ lg~ 9 between AVON MANOR PARK, INC., a Florida corporation, hereinafter called the Seller, and Eugene C. Dickson b Anita Maria Dickson, H/W, 1103 West Joy Lane, Ft. Pierce, F1a.33450 i i F hereinafter called the Purchaser: ~ WITNESSETH: 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. t r Lot 31 of Block B in AVON MANOR SUBDIVISION, (Unit No. 1 according to the plat thereof recorded in Plat Book 16 at page lg, Public Records of St. Lucie County, Florida. And the Purchaser hereby covenants as follows:• ~ a 1. To pay to the Seller the sum of 15,000.00 for said land in ,the manner following: $ 1,500.00 cash in hand paid, the receipt whereof is hereby acknowledged; $ 178.41 on or before the 1st day of. March , 197,g_, and 178.41 on or- before the 1st day of each month thereafter until there shall have been paid the balance of the principal sum toget~0~ with interest on principal balances remaining unpaid from time to time at -the rate of per annum, computed monthly; all payments to be first applied to interest then due and the remainder to principal; and other sums of money provided for in this r agreement. A11 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 ~ imposed upon said land for the current year and each succeeding year, as and when the same ~ 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 some company satisfactory to the Seller against fire and windstorm risks in a sum equal to tt~e full insurable value thereof with loss payable to Seller. - 5. In the case of the•failure of the Purchaser to make any of said payments, or any part thereof, or the interest thereon, or to perform any of the covenants on tt~e Pur-• c;,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 ail damages sustained by the Seller, and-the Seiler shalt have the right to immediately re-enter and take ssession of the premises aforesaid without being liable to any action therefor; or (b~All sums stipulated to be paid to the Seller may be declared due and payable forthwith, and the Seller may foreclose this contract in the same manner and form as if it were a mortgage, and iii~vi~ich event the Purchaser agrees to pay all costs, charges and expenses thereof including a rea- sonable attorney's fee and title searches ifi this contract shall be .placed in the hands of an attorney for foreclosure or collection. And in the PvPnt the Purchaser shall have failed co pay any taxes., assessments, impositions, or insurance premiums, or other sums of money pay- able by virtue of this agreement, the Seller may pay the same and all sums of money so paid shall bear interest from date thereof at the highest lawful rate Then allowed by the laws of the State of Florida and shall be secured hereby, Failure by the Seller to execute any of rhese rights or options herein provided shall not constitute a waiver of any rights or options under this agreement accrued or thereafter accruing. E 1 " X335 PEE 86 - i3'