HomeMy WebLinkAbout11205;Z16y2 ~ ,
AGREEMENT AND MORTGAGE
Re:, Lot F , Block 2 , Section 14, Township 34 South,
Range 40 East, QUEENS COVE UNIT 1~ as per Plat thereof
as recorded in Plat Book 11, pages 12A, 12B and 12C, of
the Public Records of St. Lucie County, Florida.
In consideration of the payment of S 8,000.00 to QUEENS COVE PROPER-
TIES, INC. by STERLING P. BETTINGER and GERTRUDE C. BE2TINGFR~
3y (00 SC O,P P~a l~-/I~ G v~c•~z.ooo S~~'/Nc'.i Cvc~.~wvc g~,y vG.
title holders to ttte above described property, QUEENS COVE PROPERTIES,
INC. hereby agrees to provide all improvements to said property, namely,
paved roads (built to County specifications), water lines, upderground
electric and telephone, and access to the Atlantic Ocean beach. The
only adda~tional expense for utilities will be the water tap-in fee to
be paid at the time water service is requested by the owner, and will
be at the current rate as authorized by the Florida Public Service
Commission.
If, for any reason, development does not
from date of this Agreement, all monies
be refunded with accrued interest. A21
account for this purpose.
Payments shall be made as follows:
take place within one year
received for this purpose will
monies will be held in a special
$ 2,000.00 Down Payment due upon execution of this Agreement
$ 6,000.00 Balance - to be paid as follows:
Entire balance due, plus 12% interest, within three
months after completion of all improvements to above
described property.
As further consideration for the monies due, the undersigned do
hereby grant, convey, bargain and sell unto QUEENS COVE PROPERTIES,
II~C. a Mortgage lien on the above described property for the full
performance of their each and every agreement for the payment of the
within note in accordance with the terms hereof, and when so performed,
then this Mortgage and the estate hereby created shall cease, termin-
ate,~and be null and void. If any of the above required payments shall
not be promptly paid within fifteen days after the same become due, then
the entire balance and all accumulated interest shall forthwith, at the
aption of QUEENS COVE PROPERTIES, INC., its successors and assigns,
become~fully due and payable. Pre-pay~ent of this note may be made
at any time without penalty.
Date ~f~~ ~ ^ QUEENS COVE PROPERTIES, INC.
,.
/
. rATTES. . ~ ~ ey : f ~s~~ ~-~~._
;~,, S' ley J. denas, Secretary Alex~B. Cardenas, President
~ `~ ..
:~
= t
' •.t5ea1_
~~~~• . - , '
~ . -t~ .:. . i_ ~ ~~ ~~
:., .
Signed in the Presence of:
, ~
`_._?c~~ <<- .,Y~~=~~~1 !'~'i/
' ,'~~%'~-ti- J~ ``~t ~~1~
~ ~i,;
" .f1l~~~v~~~~~~~L~~~
~-~'~~~. l~ ~~~Ck.~~J~ ~
_ s
so~~i sa~Eii~.~',;
" ~~ ~ ~ G / . CLc<. ~
Sterling ettinger
. ,
--`' ~- L.-fcG tCt;-c(~~ ~ L° ./~/~G lc-r.,~l E-4r
GQrtrude C. Bettinger
~:-.
r . . /~." , , rlr ji Tex9s
iJue Or• ~:355 C ~ntany~L~b = . . .~ ~rpp~~~
Pursuant Io Chaptar 71, 134, Ac(s Ot 1971. _,
ROGER PORRAS ~~
Clak Ciraik Court, 8t Luci~. Co., F!a ~/
~
- .: ,y