HomeMy WebLinkAbout2237~ S~ '! 94U ro ~
ARTICLES OF AGREEI-~TT, Made this `J' day of T1ay, 1980,
betw~een LL()YD D. RILEY and KARF.N RILEY, his wife, parties of the first 20.~~
part, and ALICE M, t~1HI'IE, party of the second part,
WI~SSET4i, that if the said party of the second part shall
first make the payments and perform the covenants hereinafter mentioned
I
on her part to be made and perforn~ed, the said parties of the first part
hereby covenant and agree to canvey and assure to the said party of the
secand part, in fee simple, clear of all enc~mibrances whatsoever, by a
good and sufficient deed, the lot, piece, or parcel of grotmd situated
in the County of St. Lucie, State of Florida, lanown and described as
follows, to wit:
KII.IF.ft'S SUBDIVISION, Block 2, Lot 11, and the West
8 ft. of vacated alley adjoining on the East,
and the said party of the secand part hereby covenants and agrees to pay
to the said party of the first part the s~an of 'IHIRTEE~I 'fliOUSAM FIVE~~~!'~ ~~ .(~
~Y~
HUI~'DRID AI~ID 00/100 ($13,500.00) DOI~IR.S in the manner folla~ing: 11+-~-; '~.'
in~erest.
Balance to be paid in mo~lChly instal Lrents of $170.00 plus
$30.00 to be put in escrvw for taxes and insurance making
the total manthly.payment $200.00. At such ture as the
~~~ taxes and insurance increase, making the $30.00 monthly
~ escrow anaunt insufficient, the escraw am~mt shall
< increase accordingly to cover the charges. It is the
responsibility of the party of the second part to
maintain the amo~mt of the escraw sufficient to pay the
~ taxes and insurance.
~
Payments shall be due and payable on the 26tt~ day of each
month camiencing Febr-uary 26, 1980, at Citizens Federal
Savings & I~oan Associatian of Fort Pierce, Florida, to
be deposited in account #
A late charge in the airount of $5.00 will be due an any
payment past due for a period of ten (10) days.
Party of the secand part further agrees to pay all taxes, assess-
ments or i~ositians that may be legally levied or imposed upon said land ~
subsequent to the year 1980, and to keep the buildings upon said premises
insured in sane company satisfactory to the parties of the first part in a
siun not less than T~-IIRTEE.'I~i ZHOUSAND FIVE H[J[~'DRED AI~'D 00/100 ($13,500.00)
DOLLARS during the term of this agreement. ~
And in case of failure of the said party of the second part to
make either of the payments or any part thereof, or to perfonn any of the
covenants on her part hereby made and entered into, her contract shall, at
the option of the parties of the first part, be forfeited and teYminated,
£"~`:7_:~ f a~,Ot7 IN PAYt:~NT OF TAXES
L: _: 1 C! ' S'C' If:T~'su.2i.E PFf.SCKAI PRDPERTr.
1;, --'.i~( TO CH.'.PTE~i 71-134, A:TS Of ~1L
fl06Elt PCItRAS ~
Ct'_~K q.:GWT CGrAT. iT. W~1E C~. i~A.~
gfl~K ~~ PdGE ~;,~•JU
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