HomeMy WebLinkAbout1180171f.~ a'"1~7,Y~o.op
~~ ^~stu~s
~ ~ a..u r~nr~~ tas~t w~r+~t~
~wa » ca~rrES r-u~ ~ttt ~ wn
~oopt ~ir~t
c~c o~w~t a~ st u~at w. ~taq~1'
AG~tR~F.HT FnR n~n
~~. ys3
51 "24
1-
~ 3f.10
THIS AGREEMFNT made this 22~ day of January, in the year of our
Lord, one thousand nine hundred and eightyrone. bet~reen. ST. LUCIE ROCR
~ND SHELL, INC., a Florida cornoration, aarty of the first part, and
CHARLES REDI-MIX, INC., a Florida Corporation, party of the second ~art,
WITNESSETH, that if the said party of the second vart shall first
make payments and perform the covenants hereinafter mentioned on its
part to be made and perfoneed, the said ~arty of the first part hereby
covenants and agrees to convey and assure to the said party of the second
part, its heirs, executors, administratozs or assigns, in fee simple,
clear of all encumbrances Whatever, by a good and sufficient deed, the
lot, piece or parcel of land, situated in the County of St. Lucie, State
of Florida, known and described as follows, to-vit:
From the NE corner of the ~]tii 1/4 of the ~IE 1/4 af ~ection 31,
Township 35 South, Range 40 ~:ast, run S 00°O1'r, along the ~ast
line of the NE 1/4 of the NE 1/4 of said Section 31, a distance
of 695.48 feet to the Northerly rightrof-Way of ~lades Cut-Off
Road; thence run S 44°34'~T along tRe *~ortherly right-of-way of
Glades Cut-Off Road, a distance of 142.46 feet to the point of
Beginning of the lands herein described: F•_-om the point of
Beginning continue S 44•34't,T along the ~Iortherly riqhtrof-way
of rlades Cut-Off R~ad, a~dis~ance of 387.64 feet; thence rvn
N 45°26'W, a distance of 219.21 feet; thence run `~1 44°34'F, -
parallel to ~lades Cnt-Off Road, a distance of 311.66 feet;
thence run N89°55'E, a ~3istance ~f 209.46 feet; thence run
South 00°O1'E, parallel to the East line of the Nid 1/4 of the
NE 1/4 of Section 31, a distance of 100.00 feet to the ~ortherly
right-of-way of Glades Cut-Off Road and the Paint of Reginning;
containing 2.00 acres and lying in Section 32, '!'ownship 35 S,
Range 4Q ~, St. Lucie County, Florida.
and the said party of the second }~art hereby convenants and agrees to
pay to the said party of of the first ~art the sim of F.iqhty-Seven
Thousand Four Hundred nollazs (587,400.00), in the mar.ner following:
No payments of Principal and interest for the first four years
so long as the Darty of the second part continues to perforn~ and make
nayments pursuant to that certain Lease Agreement, dated 'T~vember, 30,
1979, by and between party of the first part and party of the second
part. A default under such lease by the ~arty of the second vart,
shall be a default hereunder and a default in that mortQaqe dated
~,~, ~L ~. ~ Z; . i y~j and recorded at Off icial ~tecords T3ook 3~7 , p3qe
7
, of the Public Records of St. Lucie County, Florida. ~~eqinning
t~ifth year, the party of the second part shall be obliqated to
make regular monthly payments of vrincipal and interest for the next
six years of nne Thousand Seven Aundred and F.ight 'M21ars and ~ixty-
yine Cents ($1,708.69?, ~hich inciude interest at the rate of twelve
(12$) per cent per annum. '~'he t~arty of the second nart further covenants
and agrees to vay all taxes, assessments or irspositions that may be
legally levied or imposed upon said land subsectuent to the year 1980,
and to keep the building upon said vremises insured in some comt~any
satisfactorv to the varty of the first part, and t~ayable for the varties
respectively as their interests may aonear ~n a suan not less than
S FULL INSURABLE VALUE durinq the terr~ ~f this aaree~.ent. And in case ~f
failure of~he sai~f~"c~artv of the second oart t~ ~a!ce anv of the oaymPnts
or any vart thereof , or to r~erforin an_y nf the cove:~ants ~n its oart
hereby made and entered into, this AQreer~ent shall, at the option of
the party of the first part, or the entire balan~e unoaid there~n, shall
forthwith or thereafter beco~ne ciue and Davable, anything in this agree-
~ent to the contrarv notWithst~ndinv, and the narty of the second
Z
part shall forfeit all oayments made by it on this coptract.
f the first part shall have the riqht to re-enter
t
G~~ ,
"
y o
and the said par
and take possession of the premises aforesaid ~,rithout being liable to ,
~ ~~
any action therefor.. Payments under this Agree~nent for Deed shall not tomnence*# ~
. ~
If any sum of money hezein referred to is not promptly paid Within (~
ten (10) days next after the same becomes due and oayable, or if each ~~
and every of the agreements, stipnlations, conditions and covenants ;
of this Agreement are not fully ~erformed. complied i+ith, and abided
by, the party of the second vart shall pay all costs, charges, and exc~e r-ses,
including attorney's fees and title searches, incur ed bv the oarty ~f
tion hereun~der
ith
i ~
.
any ac
on w
the first oart in connect
**until that certain Rartgage in favor of 60RHAM CONSTRUCTION COl~ANY. EMP~OYEES FI ~~
PR~O
~
SHRRING Tp-"T. ~:ated 5/8/~ and filed in O.R. Book 331, Page 89 is fu11y satisfied. ~
~~_
~:~ ~ ~~ - ~ ~~ "~~
~'~:~.,~,.~:~~~~~:~.p ,~: ~• _