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5;~494
AGREEMENT FOR DEED
THIS AGREEMENT, made and entered into this
~
.~
~~~day of
J anuary, 1981, by and between RICHARD A. NEILSON, JR., and
PATRICIA M. NEILSON, his wife, (hereinafter referred to as G ran-
tors) and GEORGE E. PIDCOCK, LYNN F..COX, RICHARD O. PIDCOCK and
LYNN PID(:~C~C, his wite, (hereinaiter rererre~ to as Granteesj.
W I T N E S S E T H:
That in consideration of the mutual promises and covenants
contained in this agreement and other valuable considerations
between the parties to it, the Grantors agree to sell and the
Grantees agree to buy the followinq described real property,
situated, lying and beinq in St. Lucie County, Florida:
Lot 21, Block 513, SECTION TEN, PORT ST.
LUCIE, according to the Plat thereof as
recorded in Plat Book 12, Pages 49 and
49A-49G, of the Public Records of St. Lucie
County, Florida.
1. The total purchase price of the real property described
above shall be the sum of forty-nine thousand dollars
($49,000.00) payable at the time and in the manner following:
A. An initial deposit of one thousand three hundred
dollars ($1,300.00) with VAN ORNAM REALTY at the time of execu-
tion of this agreement by the Grantees.
B. Approximately eight thousand seven hundred dollars
($8,700.00) (or such greater or lesser amount as may be necessary
to complete payment of~ the purchase price after credits, adjnst-
ments and prorations) and deposits mentioned above to be payable
to Grantors as of J anuary 30, 1981, or some other mutually agreed
date before January 30, 1981.
C. The balance of approximately thirty-nine thousand
($39,000.00) to bear interest at the rate of thirteen (13$) per-
cent per annum to be paid in monthly installments of four hundred
thirty-one dollars and forty-two cents ($431.42j which does not
include escrow payments, with the first installment due on the
lst day of February, 1981, and on the first day of each and every
month thereafter until January 30, 1982, on which said date the
entire unpaid principal balance and any and all accrued interest
becomes due and payable. Sn addition the Grantees will p y a
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