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T!~l1S (P,E~TRUrZf..,
~c::!: ~:.. ~•.,;~.,_/ P~EPAR~D BY:
/1:i~r~~.~y Ai Law
515 S. Indian River Dr. .~
Ft. Pierce, FL 3345~ ~-~
~305~ a6i • o~ao ~
. .:.
AGREEMENT FOR DEED
THESE ARTICLES OF AGREEMENT made this ~O.ih day of ,
1981 by and between RYLE DRESBACH and DARLENE L. DRESBACH, his ife
(hereinafter referred to as parties of the First Party) and FRANK
WARD and GERTRUDE WARD, his wife (hereinafter referred to as parties
of the 3econd Part) whose address is 3526 173rd Place, Lansing,
Illinois 60438. .
WITNESSETH, that if the said parties of the second part shall
first make the payments and perform the covenants hereinafter set
forth on their part_to be made and performed, the parties of the
first part hereby covenant and agree to convey and assure to the
said parties of the second part, their heirs, executors, administrators
and•assigns, in~fee simple, free of all claims, liens or encumbrances
whatsoever, except taxes for the current year and declarations and
restrictions of record, by a good and sufficient Warranty Deecl, the
following described property situated in St. Lucie County, Florida,
to wit:
Unit 208, HUTCHINSON ISLAND CLUB, a Condominium according
to Declaration of Condominiwa thereof recorded in Official
Records IIook 254, Paqe 2128, in sequence, of the Public ~
Records of St. Lucie County, Florida and as heretofore and
hereafter amended together with common elements and limited
common elements thereof together with all tenements,
hereditaments and appurtenances thereto belonging or in
anywise thereto appertaining. ~
and the said parties of the second part, in consideration of the fore-
going, he~eby covenant and agree to pay to the said parties of the
first part, the sum of $125,000.00 in the following manner: ~
$40,000.00 paid upon the execution and deliveYy of this
Agreement,- receipt of which is hereby ack-
nowledged by the parties of the first part.
$85,000.00 payable together with interest at the rate of
12$ per-annum, in monthly installments of
principal and interest in the amount of $895.24
commencing February 1, 1981, and each m~nth thereafter until
the balance of $82,782•47 , if all scheduled
payments are made when due, being due and payable
three years from the date ~hereof.
a
In adc~ition, the parties of the second part agree to.pay all taxes,
assessments or impositions that may be legally levied or imposed upon
the above-described property subsequent to the date hereof and to keep
the improvements upon said premises insured in some company satisfactory
to the parties of the first part, and payable for the parties, respectively,~
as their interests may appear, in an amount of not less than the full j
insurable value of the property, durinq the term of this agreement. t
~
. ~
,
TITLE TO THIS PROPERTY HAS NOT BEEN EXAMINED BY SCRIVENER. FORTHERMORE,
SCRIVENER HAS NOT RENDERED ANY LEGAL ADVICE OR REPRESENTATION TO EITHER
OF THE PARTIES NERETO, WITH RESPECT TO THIS AGREEMENT, INCLUDING, ANY
ADVICE RELATIVE TO THE RIGHTS, OBLIGATIONS, DUTIES, CONSEQUENCES OR
LEGALITY OF THIS AGREEMENT. ,
~,~K347 P~~z~sz
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