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A. The sum of S625.71 monthly, commencinq 30
days after the closing and i~cluding interest thereon at the rate
of Nine and three fourths (9 3/48) percent per annum.
B. Upon payment of the aforesaid sum of
$72,500.00 the Sellers shall execute and deliver to the Buyers a
General Warranty Deed for the aforesaid property and all
documentary stamps and recordinq fees due thereon shall be peid
by the Buyers.
C. In addition to the principal and interest
payments as hereinabove required, the Buyers shall pay to the
Sellers an equal monthly installment equal to one twelfth (1/12)
of the annual real estate taxes and fire and casualty insurance
premiums on said property, said payment to be made simultaneously
with the principal and interest payment due as required herein,
the initial amount beinq the sum of 5146.29 monthly.
5. In the payment of the aforesaid sum of
572,500.00, Buyers specifically acknowledqe that they are aware
of the existerice of a first mortgage coverinq said property in-
Favor of GDV FINANCIAL CORPORATION dated February 23, 1980, and
filed for record on March 11, i980, in O. R. Book 327 Page 277,
of the Public Records of St. Lucie County, Florida in the
original principal sum of $72,400.00. Buyers shall have the
right and option to assume and agree to pay the then outstanding
balance of principal indebtedness due on said mortgage as a
portion of the payment rPquired herein. Until such time as the
Buyers shall have assumed and agreed to pay said mortgage,
Sellers shall be obligated and agree to make all such payments on
said mortqage and to keep the same free and clear from any and
all delinquencies. In this connection and until such time as the
Buyers shall have assumed said mortqage, Buyers shall make all
payments as required herein to the offices of HAROLD H. GOLDMAN,
ESQUIRE, 8028 South Federal Highway, Port St. Lucie, Florida
33452 and the said HAROLU H. GOLDMAN, ESQ[tIRE, is hereby
autharized and directed by each and all of the parties hereto to
I disburse such payments in the following manner:
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~,TOq,.E„~,u~ A. To GDV Financial CorForation an amount
5~~Z85 FEDENAl11wY. '
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necessary to maintain said,mortqaqe it~ current and non-delinquent
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