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INSTAILMENT AGREEMENT N0. 74 aEOROt C. COLE'
FOR WARRANTY OEEO S~pt~mb~~, 1975 lEOAL fORYS
. : ~ . r a ~.~~
AGREEMENT, made this ~~ day of February , 19 81 , between
Ei~IABD J. GESSNER and MAI~ M.GESSNER his wife . , Seuer, and
ROBERT S. TAKAZAWA. JR. , Purchaser:
WITNESSETH, that if Purchaser shall 6rst makc the paymeats and pedorm Purchaser's covenants hereunder,
Seller h~aby rnvenants and agrees to convey to Purchasar i~ fee simple by Seller's stamped r~o[d~bl~ e
~~•.~rranty decd, ~~tith waiver ot dower and homestead, subject to t6e matters hereinafter specified. the premises ~it- r~
uated in :he C'ount~ ofS t. LuC ie and State uf Florida
dcscribcd as follows:
Lots 15 and 16 in Block 1509 Port St. Lucie, Section
29, a subdivision according to the plat thereof, as
recorded in Plat Book 14, page 8 of the Pubiic Recorc~s .,, ~ ~~
of St. Lucie County, Florida. ~ ~'
a:c=_:•~eo s 30. o[I IN -AYlU~JtT OF TAXES
~u2 c 1 a':; ~c~ r.tiA::s:aLE PERSCTi.1l PROPEATY~
FG:.S::.:+( io :t.•,f~: 71-130. ACiS Of 1!)1.
RuCER POITWS
CLfRK G~GUIT GGSRT. ST. WC~ ~. Fu~' ~
and SeUer further agr~es to fumish to Purchaser on or befon P'tareh 15 , 19 81, at Setler's expense,
che following evidence of ade to the premises: (a) Owners dde insurance policy in the amount of the price. issued by
Chicago Titl~e Insurance Comnanv , ~b~ - • ~
~~ ~ howing metchantable tide in Seller on~d~ate~~f.~
subject only to the matten specified below in paragraph 1. And Purchaser hectby covenants and agrees to pay to
Seller, at such place as Seller may from time W time desigaate in writing, and until such designation at the office of
505 North Lake Shore Drive, •S~ggo. Illineis 60611
~p~o Fifteen Thousand Five Hundred and no/100 ($15,500.00)----------
Dollars in th~ manner following. to-wic: ve Hun re an no 00. Dollars on
March 15, 1981 and the balance of Fifteen Thousand and no/100 ($15,000.00)
Dollars shall be payable in consecutive monthly installments of One
Hundred Forty-seven and 80/100 ($147.80) Dollars due on the 15th day
of e~ach month co e cin A ril 15, 1981 w~t h,sai~~,~yments to be fir~t
a~p ied to accr~e~_~nte~es~t at the ~te of nine , p~r ~nnum_ and t~
~ unt-remaining`due-sfiall be~-payable
On p ,o o~~he prcm~ses s aII be de iveeed to Pucchaser on Ma h ~, 1~81
. provided that Purchaser is not t6en in default under
this agreeruen~
Renu, water taxes, insuraace premiums and other simiiar_ items are co be adjusted pro rata as of the date provided
herein for delivery of possession of the premises. General taxes for the year 19_$~are to be prorated from January 1
to such date for delivery of possession, and if the amount of such taxes is not then ascertainabte, the Prorating shall
be done on the basis of the amount of the most rocent ascertainable taxts.
lt is further e~pressiy understood and agreed between the partics hereto that:
1. The conveyance to ba made by ~e]~~lshall be expressly subject to the following:
(a) General uues for the year ly ~~d subsequeat years and all taxes. special assessments and
special taxcs levied afur the date hereof; -
(c> The rights oE aU persons claiming by, through or under Purcbaser; ~
(e) Building. building liae and use or occupancy restrictions, conditions and coveuants of record, and build-
ing and aoning laws and ordinances;
(t) Roads, highways, streets and alleys. if, any;
(g) Other excep~~4~~~dy~~rb~gao~ns~h~go Title Insurance Company
2. Purchaser shali pay befo e accru o~ any penalty any and all taxes ~' ' ~X
pertaining to the premises that become payabie on or after the date for delivery o possession to Purchaser. ~nd Pur-
chaser shall deliver to Seller duplicate receipts show7ng timely payment thereuf.
3. Purchaser shall keep the buildings and improvements on the premises in good rep:-ir and sh~ll rte:th~r s~i-~e;
norcomm:! any ev~:te on or to the prcm:ses, anJ it Purcaaser fails to make any such repa~ts or sutiers or commits
waste Seller may elect to make such repairs or eliminate scch +~•aste and the cost thereof shall become an wdciiti~n to
the purchase price immediately due and payable to Seller, vvich interest at eight per cent per annum uncil paid.
~. P~rchaxr _haIi not sutier or permit any mechan:c's ii:n or otl~er lien to attach to or bt a~~inst th~ t•rerr.~;:s.
e~hich shali or may be superior to the ri¢h:s of Srller.
S. Every contract for repairs and imQrovements on the premises, or am part tnereof, s~all con:ain an t~pres~.
full and complete waiver and r~lease of any ana all lien or claim or right of Gen aeainst the pre:nises and no contrac:
or agreement. orat or writtzn. shall be made by Purchaser for repa~rs or impro~-ements upon the premises, unless :e >h~il
contain such e~press v-~ai:~er er release of lien upon the part of the part~ contr~cting, and a si~r.~d co~~• uf ~vrrv ;uch
contract and of the plans and specifications for such repairs and improvements shail be promptiy deii~~ered to an~ mav
be retained by Selizr. '
6. Pur~has~r shall not tr~nsfer or assign this 1•,:eement or :,nv interest thercin, u~ithout ;h~ pre~~~us :~ri~t:n
consent uf Seller, :ind ~nv such assienment or transfer, a~ithout suc:~~pre~•iouc u•ritten conser.t. ~hall not L•Lst :n the
t:~nsferee or assi~nee a~~~ rieat, title or interest her~iII or hereueder ~~f !O ~~lc'. pfCR11~tS. b4i Si11~~ :~t]Qif IFtlS CO:tli:l:i
null and ~•oid, at che eiec;ion ~f Seller, ~nd Putchaser ~vifl not ie~se the rr~m;ses, or : nc ~art cher:of, f:~r ~n.: pur~ a4r.
~cithout Se:l~r's «rit:en consent.
7. `o right, tidz or in:crest, le,al or equitable. in the premisec, or :,nv part :hereof. shall ~est in Purcza:er untii
the deiiverv of the deed ,;foresaid by S~ller, or until :he i;i;! payment ~f :~e pL:chase price at ti~z ;~:nes anci in the
manner ne:ein provided.
'Sirike out ali but ene oi the cl:,uses (a), rt~i and (c). p~!{jj 3~ f'J~~,e7 (~