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LEASE AND'OPTION TO PURCHASE .
SE(TIC~N I~-IFASB
BY THIS A~ made on the 4th day of Jurte 1980 by
and between D~1AIID D. JA~FS and JUAN JAMS, his wife ,residing at 35
Ellsworth Av+e~rnie, MorY'istown, New Jersey ,hereinafter referred to as
'7~essors", and M. FRAI`ICLS SPACII. -and MARY AIaT SPACIL, his wife residing at
719 Whitmore Drive, Port St. Lucie, Florida ,hereinafter referred to as
"Lessees", the Lessors lease to Lessees the pr+enises described as:
Lot 9, Block 544, PST ST. LUCIE,
SECTZGN #18, asper Plat thereof -
as recaxded in Plat Boric 13, Page
17A of ttie Public Records of St.
Lucie County, Florida.
for a term of years equivalent to the number of years remaining to satis:Cy
that certain Martga~ge originally executed by M. FRANGZS SPA~7I. and MARY ANN
SPACIL, hi,s wife as Mrnctgagors in favor of CITI?~S FF.~[iAi. SAVIIOGS AMID IRAN
AS.90C?ATZ~i OF ST. Il)CTE OOU~TIY as Mrnrtgagees, said rbrtgage being recorded in
Official Records Book 264, Page 739 of the Public Records of St. Lucie Co~alty,
Florida. -
RFNr - Lessees agree to pay, without demand, to the Lessors as rent
for the presdses an amount equal to the combined total of the acstual mortg,age
is on the subject preniaes to CTPIZ/EN.S PE~Ai. SAVIN(5 AND IRAN ASSOCI-
1 paY~i
~ ATION OF ST. IiICIE OOtNiY together with sin ~t equal to the acmual taxes on
the subject premd.ses and ins~sance on the ~gub3ect prendses. This total rent
shall be payable annuallq on December 31st of each year, (provided-howev~er that
either party shall have the right each year to demand that th,e rent be payable
monthly yin which case said rent shall be calculated by dividing the total a~tua
figure described above by twelve (12) and each year ad~u~sting the total rent
figtme by any irrereases or decreases in taxes and/or ins~m~ce.) It is the
intention of the parties that the rent for this Lease be limited to the
payments, taxes and insurance on the subject property.
r OCJi~IDI'PI~I.OF PRE~IIST.S -Lessees stipulate that they have exaadned the
1' GUY R. BRUNI prerniBeS, including the gr~OlIIlds atld all buildings and ia4r~ovenents, and that
~troa/1Erw11o -
courOSE1011 AT tww ~y are, at the time of this Lease, ill good order, iepair, and a safe, clean
n t E RS cEDEAAt fU1?OIN1i
SUITE 7A - ~.~.,~.~.i
alw5 cEDEMlMWM1AY a~ tenantable ~)EWA.a.iv.••
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