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i~---~=-C~ IN PAYMEMT Of TAXES ' ~ ' -
DuE oN CtASS 'C' lNT~.NGIBIE PEitSONAL pR0~ER1Y, A RTI CLE OF AGREEMENT ~
Pi1R311AhT TO CHAPffR 71•131. ACTS Of 19]l. ~
ROGER POI1R11S ~y~y Qa
CIERK CIRGUIT l)OURi, S[. !UG?E 00., FtA / .
~ MADS ~~hi 8 1~~ day o f Februar1r , A. D. 19 ~,3 b~ t~ween
MAJOR EXCAVATING COMPANY, INC., ~z F'Lorida Corpvration, party
p f the f~ixxt ~art and PauZ . D. i~aucr , I
part of the sevon ~ purt, ~~S- ~,u,e jC t- P„tet,c.~ ~
N I T N E S S E T E ~
. THAT i f the sazd part~ o f the seconci part sha Z t f ~rs t
maks the payments and perform the eovenanta hersinafter mentioned,
~ on their part to be made and p~rformed, the gcrtid party of the -
. firat part hereby covenants and agrges to convey und ass:cre to the
. said part ~r of the seQOnd part, their heirs, executors, admini~s-
tratars or assigns, Zn-fes simpZe, clec~r of aZZ encumbranaes, by
t~ good and 8u;`f~cient Deed, the Zo~;, pi~ce or parQeZ of Zand, _ situ-
ated in -the County of St. Luc~,e, Stute of FZarida, knoun and
dgs~ribed as fottows: ~ : "
~ - Lnt Ifxocl~ f~, -~tr~r;.t ?II, ~r~E~n Aar~:~ ~ac~~r7? vi.^ :on •
_ Ptav - Boax 16, T~~~e 2t3, St. ~aictie C~untt~ . - .
- . ~'y~D ~ ~oo? - LY~~a do~s- .
ared the said part~r of the 8econd p~rt hereby covenaFe~--_and agree -
to pur~ to the party - o f the firs t part th~ _ sum o fF'our thou~anr. r~~ rFe 1:unc:--
rer' an:.~ nin~tr~- f
i~.~e 49n.5, Od ~ith interest fram date at the
' rdte of ~in'~t ( 8~) per annum as fol t~tos
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E - - ~:in~t~~-r~~ne anrl 40,.~1 ~0 ~r. .n ) upon the signing -
~ of this Agreement, the recezpt r~h~reof is hereby a~knoraZedged, and
i - the ~atance as fo~to~s: _ - ~ _
` ~FQrt.~-nin~ anc~ °5!'100 ~~?.:~5 ) per month on
~ . ~he ~1:?'_~~ day of eaeh month thersafter,_, beyinning Apr~-Z 1 ,
t I9 , untit ~he rah~te be futly paid. _ -
~ _ Each i.nstatlment shalt fis+st be apptied on the payment of interest
~ and then on the unpaid_b~iZance of the principaZ sum.
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On any instaZtments which are t:ot gaid rvithi~£av~n 1 dctys
~ - from due date,-it is optionnt ~ith party of the first part to eharge
~ ~ar~! of the second part a ~':ve dcZZnr (S S.P!1 )
~ penalty -charge on_ the Zate payment.
~ Said part~ of the ~econd par~ hereby covenant and agree to~pdy aZZ
taxes, assessments- or impositions that maz~ be ZegaZly Zevi~e~ ~r ,
; imposed on sai.d Zand_subaequent to the year 1~`•' . Second par~! .
~ a tso agree to pay a t t cos~s, charges and expenses, ~a~;yer's - fees and
titZe searches, reason~bl~ ineurred or paid by the first part~
because of the faiZure of second par~~ to promptZy and ~fuZ"L•y compt~~ h
r~i.th all conditions and covenar~ts in thtis Agreement. In the event
` seeond par~~ fai Z to pay, urhen due, any tct~ces, ~ssessments, or
k~ other sums of money payabte by.uirtue of this Agreement, first par~y__
- :~ct~ pcty same raithout r~aiving or af feeting their option to foreeZ4se
i: th-is Agreement,- and ~ZZ such pa~ment~ ahaZZ be~cr interest frorn date -
; thereof at the highest rat~ then atto~ued by the La~vs of the State of.
~ Ftorida. - -
~ If any sum of money herein referred to be not_promptZ~• paid
~ithin 1'ntrty ~.sC? ) duys ner,t after the same becomes dus,_ or if
eaeh and eve"ry one of the agreementa, s~ipulations, conditi~.na and ~
' coveMants of thia ~green~ent ~are not fut2y ~er,~vrmed, c~vmpZied ~vith -
and abided by, then . the entire unpaid_ baZance of this ~Ag~eement ~hc~ZZ
= forthraith and thereafter, at the opt~on of the fir$t party, beeome _
I, due and par~~~te and the astate her8by creatsd-in.~e~ond ~art?~ ,
I: shatt -~esse, termin~te, and be 3-sutt and void. Fur~hermQre, this _ i
Agreement shaZZ, at _the opti~r~ of the purty of the_ fir8t part, be 1
= J forfeited-and terminatad, and the par~: of the seeand part.ahalt ~
r _forfeit aZZ payr,~erts made.by them on this Contract; and such pdyments - f
_ shatl be netaine d by t he aai d par ty o f t he_ firs t par t ~n fu l t ~
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