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1~-GREEMENT AND !~(ORTG~GE
Re:. Lot K, Block 2, Section 14, Township 34 South,
Range 40 East, QUEENS COVE L'NIT 1, a~ per Plat thereof
as recor~ed in Plai Book 11, pages 121~-, 128 and 12C, of
t?~e Public Records of St. Lucie CounLy, Florida.
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In consideration ~f the paydent of S 8~000.00 to QUEENS COVE PROPER-
T I E S I NC . b ~-- ~ •~- ~% ~/ ~TR Tu ~t OR.
. y xLCO!i F. f~i00KER and MARGARET W. HGOKER/K E X A °,Q~.~ v~.
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titl~ holders to the abave described property, QUEENS COVE PROPERTIES,
INC. hereby agrees to pr~vide all improvements to said property, namely,
pav~d roads (built to County specifications), water lines, underground
ele:tric and telephaste, a:d access to the Atlantic Ocean beach. The
oni}- additional expense for uti~ities wi12 be the water tap-in fee to
be paid at the t~~e water service is requested by the owner, and will
be at the current rate as authorized by the Florida Public Service
Co~mission.
If~ for any reason, 3e~elop~er.t daes not take p2ace within one year
from date of this Agree~e:~t, all monies received for this purpose will
be refunded xith accrued interest. J~11 monies will be held in a special
account for this purpese.
Pay~ents shall ~e dade as foZlows:
S 2,U~~~. ='~ ~o~:n Payaien~ due upon execution of this Agreement
S 6,~~~v.~~ Baiance - to be paid as follows:
~2,~--~•-- =e :-e ~3~~ ~arch i~, ~982, pl~s 12% interest
~2,~=''~`-^- _~ ~e ~ai~ !!arch I~, IB8j, plus ~2~ interest
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S2, ~_~.., __~ ~e Ya;3 !!arch i~, 1g84, plus I2~G interest
As further cor.sidera•_ion for the monies due, the undersigned do
hereby gzant, cor.~ef, ~arqain and sell unto QUEENS COVE PROPERTIES,
INC. a Mortgage lien an ~he above described property for the full
performance of their each an~ every aqreement for the payment of the
within note in accord~nce ~ith the terms hereof, and when so performed,
then this Hortga~e and~*he estate hereby created shall cease, termin-
ate, ar.d be null a~a voisi. If any of the above required payments shall
not be promptly pa:d s~ithin fifteen days after the same become due, then
the entire balance and a~l accn~ulated interest shall forthwith, at the
option of QL'EENS CGVE PROPERTIES, INC., its suc~essors and assigns,
become fully d::e ar.~ payable. Pre-payment of ~his note may be made
at any time vithout ~~::alty.
DaLe~T~'/ Y~ Q[;EENS COVE PROPERTIES , INC .
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,. 2-T'rEST ~' ' ~ ~ j L, ' - ' ~ _/-' ~
P y : I ' ~ _ ~-t%P~.~-~-t-
~~; ~ Shi y J. ;der.as, Secre*_ary Alex B. Cardenas, Presider.t
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Seal ).'
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~~t~~n_~_r r~.. ; ~ f -, ,
Sig ed in the Pr~se~c~ ~f :
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~~~•~ ~~1 •, ~ ~~ :~Ma~~
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~352 :.~i31~
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walcolm P. Hooker ~
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Kargatet w. Hooker
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:.~e O~ C~3S5 L ~Rtd'~q,p,tl ~~-~ ~Ona~ Prope~.
P~~rsuant To ChaDi~ 71. 134. A~ts Ot 187L ~~
ao~ER Porr~-s ~
p.~t cia,R co„rt. sc ~ua.. ca. Fa.
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