HomeMy WebLinkAbout1219 each Oardens, Florlde 33410. on or before January 5~ 1990. AIl
payments required by Section b.2 ebove shatt be made payabie to
~~MIDPORT PLACE 1 CONDOMINIIXN ASSOCIA710N. INC." and forwarded to
c/o Vlsta Propertles Mann~ement. Inc.. 100 Vista Royale
8oulevard. Vero Beach. Floridn 32962; If any such payment Is
malled. the postmark date shall determine the dnte that payment
is made.
5.S Provlsos.
5.5.1 Notwlthstandin~ the fore~oinfl to the contrary.
should any Ilen holder. ~ud~ment credltor or tax certiflcate
holde~ cortmence any proceedings with the Court or wlth the Offlce
of the Sherlff. whlch In any way effects tltle to the UNlT. at
the time of such co~m~encement. the fuil sum due and owlnp and
remalnlnfl under this STIPULATION OF SETTLEMENT shall be
' acceleratad and be due and owlnp. wlthout re~ard to the payment
plan hereunder.
j 5.5.2 Notwithstandin~ the fore~oln~ to the contrary.
f
shoula BU~TAFUOCO and OAR~E transfer any infierest In the UNIT~
the full sum due and owln~ and remalnin~ at that tlme under the
~ STIPULATION OF SETTLEMENT shall be eccelerated and be due and
~ owln~ wlthout reDard to the payment plan hereunder.
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~ 5.5.3 The happenln~ of the forepoln~ events shall
~ constltute a breach of thls STiPULATION QF SETTLEMENT by
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~ BUTTAFUOCO and GARBE.
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~ 6. Upon recelpt and clearance of all sums to be pald
~ purs~ant to thls STIPULATION OF SETTLEMENT, the ASSOCIATlON shall
flle a Notlce of Cancellatlon of the l.ls Pendens end Satlsfactlon
of Jud~ment In the above actlon~ and the ASSOCIATION shaif record
a Release o# Claim of Lien wlth respect to that Clalm of Lien
~
~ recorded In Offlcial Record Book 628. Pa~e 1674 In the Publlc
~ Records of St. Lucle County. Florlda.
~ 7. In the event that payment is not received tlmely as
provided above, the ASSOCIATION~ upon the flElnp of an ~4ffidavit
stating that the payment(s) has/have not been recelved as
provlded In Sectlon 5 above. shall be entltled to proceed wlth
~ the Forecfosure Sale of the UNIT as speclfled In the AC3REED FINAL
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~ JUDGMENT OF FORECLOSURE. In the event ~hat the event(s)
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