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I` ~t114M CONitAtt DRlW'S 10RM E. ~l Manufcdur~d and lor ~e1~ bY IA~ H. W. 1. Dr~r Con~psny, I
~ /ac?~onv:N~, f~o+ldo ~ ~i,
' 31st D~cember 65 ~
~ '~h~s ~pt~on ~ontra~t ma~~o ~f~e ~r~y of , n. ~9 I
between DGNALD E. AI~LEN ~
~.~~~~J~w .
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` Ii~reir~a~fer cn~~etl Se~(er, aricl ~I
~ O~CAR BROWN SR. 71~3 S. 24th Street, F~. Pierce, Fla.
{~ereinn(ter cnlled Purclinser:
(1Vhenecer used herein ~he trrms "Stller" and "Purchaur" include all the parties tn this instruiaent vyd
I tht heirs, legal representati~es aad ~sig~s of indi~i~uals, and the successors and suigns of torpotatioas.)
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~I~iitne~seth: That the Seller, (or and in co?isideraliori of tlte sum o~ S lO.On '
{ in I~anc{ p~id by tlie Pure{iaser, fiereby qives to tf~e Purcl~aser t~ie priuile~e o! purc~~asin~, ori or l~e~ore
~ Deeember 7~ 19 6~1, f'~e (o~~owing c~escri~~ec~ real eslnlc situnte in St,. Lueie
C'ou?tty. t'loridn, t~iz:
i Lot 21, Block 3, FRANKI,IN PARK ADDITION, as per plat thereof record d
in Plat Book 6, page 56, public records of St. I,uei~ Cour,ty, F~orid .
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~It is recognized th~at the equitable titl.e to this property is in ;
' the purchaser and~:that the terms and conditions of the option are ,
las follows: Starting on January 7, ].966, and the 7th day of each
month thereafter the p~rcriaser shall pay to the seller th~ sum of
~85.00 per month of wh~~h ~25-~0 sh~]1 ~pply t~ the purchase price '
~of ~a,000.00 to the property herein described, and that December ~
~~7, 1966 shall be the closiag date ~~ereof, and that the down payment
~lon said closing shall be ~500.00 with credit given for the ~25.00
I per month theretofore paid (wh~~#~ should total $275.00) and the ~
{ purchaser s~all give the seller a second mortgage for the balance
due and shall assume the first mortgage on said property and the
second mortgage shall bear interest at 62 per annaampable monthly ~
This closing sh~,ll be as customarly done by attorneys in ~his area. E
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at nnc~ f or !{ie price of ~ Q~Q . QQ Dollurs ~
! to be pnid as follows: DolIars ~
; See above ~tatement
i?e casli anc~ tlze sum o{ Dollars
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I to be evic{enced by t1~e promissory note or notes of i~ie Purchaser anc~ secured by n rnortc~nge on saic~ real estate ~
in ~orm satisfactory lo t{~e Se~~er, saicl cas{~ pnyntent to hp mnc~e, ancl ?tote or notes anc~ morlpnge cjejiverec~, ~
tI on or ~~e~ore 19 •
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±~~e Seller agrees to jurnisji title insurance or an abstract of title showin~ pood and marketable title to ~
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i said rea~ estate nncl, in case the privi~ege o~ purchase here6y given is e.rercisec~ upon t~e terms above writ-
~ Ij ten, to conuey said Iancl to the Purchaser by goocl anc~ su)f icient u~nrranty deecl, Jree anc~ c~ear of aII Iiens i
t or encumbrances ~
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, PURCHASER is to pay tgxes and a return thereon is to be made to }
~ ~Ithe tax assessor and the purchaser is to take immecTiate possessian ! ;
~ `~of this his homestead. ~ ~
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i~ ~nS~~~Q~L slial[~ be recorded, but by rnutual agreement is deposited with ~
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j~ and in case the privileqe of purchase hereby given is not exercised nnd the conditions hereof /aliy per-
Jormed 6 tlie P chaser and writt notice o{ such exercise and performance given to tl~e SelEer on or
!I 6ejore ~eC• 1~6 , said privilege shall thereupon wholIy cease (but no liability to ~
;E re(und tlie money paicl there`or shall arise), and saiil fitle insurance or abstracts shall at once be cleliuered '
~ up to the Seller, and this instrument shall at once be surrender8d to lhe S~ller ~or cancellation. This con-
tract shall 6e bindinc~ upon and Shnl[ entire to the berieJit o( the hei?s, personal representatives and assigns
I~ o~ t~ie parfies {iereto.
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f~~n ~~~n¢ss ~hereo~ the parties hereto have hereunto su6scribed their names and a~f ixed their senls
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ihe c{ay and yenr (irst above curitten.
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Siflnec~, sea~ec~ and cleliverec~ in the presence oj: . ~ - (SEAL) ~
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C!I . SEAL) - '
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