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HomeMy WebLinkAboutScan_2102 ~.44 -= , ; HBHRY A. Klamm - - ..~ TO AGBllWENT THIS OONTRAOT made this -un. 1.1922. by and between HENRY BISNBR and Wilhelmina C. ~isner, his wife. of new York,~ity, ~ew York. parties of the first >>art, and : RALPH Hs'rRS of Eort Pieroe. J!'1orida, J)8r~y of the second J)8rt. WITllESSRTH. That the Jl8rties of the first part for and in oonsiderution of the povenants herein oontained, bnd the >>ayments herelnafter set ftrth to be mude, by the Jl8rty of the seoond part to be kept and performed, does hereby bgree to sell bnd oonvey , RALPH BSTES !J to the party of the seoond part by warranty deed free from all eno~branoea. the follow- ing desorlbed >>roperty situated in St.1uoie uounty. .Horidll.. to wit: Beginning at b point 4.72 ohains BOuth of the llorthwest oorner of Lot 1. Seotion 26, Townahi>> 36 South, nange 40 ~ast, runnlng south 4.20 ohains, thenoe Eust 26.60 ohains to the Indi&n ~iver, thenoe uorhtwesterly along SGid river 6.62 ohains, thenoe west 22.13 ohaine to the >>oint of beginning, oontaining 10 aores. ~ogether with ripnrian rights. Together with 011 im>>rovemente thereon. And in oonslder~tion thereof the party Of the seoond part hereby agrees to >>ay to the party of the first part, the sum of ~~OOO.OO in the mbnner following: ~pe sum of ~6oo.00 in oaBb u>>on the exeoution and dellvery of ' this egreement. the reoeipt whereof by the parties of the first part is hereby aOknowledgedi hnd t~c sum of ~600.00 on the first day of .~e of eooh suooessive year hereafter until the full purohase prioe of ~Ooo.OO hes been paid. Said deferred payments aholl beor interest sfter ~une 1,1922 at the rate of eight per oent peronnum, interest payable nnnually. The party of the second part may ant10ipate any of said payments and interest shall be computed aooordlng- J lYe It is further agreed that upon the party of the seoond part hbving paid .1600.00) upon the prinoipal of said purohase prioe, together with aoorued interest, th~t the parties of the firet port shall exeoute and deliver warranty deed for said property to the said party of the seoond part. and that thereupon the party of the seoond part 4ha11 exeoute and deliver to the parties of the first Pbrt notes ior the remninder of the purch~se price for the amounts and with Interest and maturities as provided above. whlch notes ahall be seoured by first mortgage upon said prop~ty. it is further agreed thet the parties of the 'first part shall >>ay five twelfths of the 1922 taxes. and that the party of the second part shall Jl8Y seVen twelfths pf the 1922 taxes. and that oIl taxes for subsequent fe~rs shall be Jl8id by party of the seoond part. In the event of the failure of the party of the seoond part to melte the payments afor..aid ~s they beoome due. both prinoi>>al and interest. or ony of them, tlme being of the essenoe of this contract, th~n the parties of the first part may eleot to deolare all the rlghts of the party of the seoond part in and under this oontr!1ot and to the pro>>erty herein desoribed, to be forfeited and terminated, and the parties of the first >>art shall have the right to retain all sums of I,oney paid under this oontract as rent for s&id land and a. liquidated damages. and the parties of the first part shall have the right to re enter and toke possession of the prem~es without being liable for aI17 aotion therefor. or. in the event of the faUure of the J)8rty of the seoond part to make suoh payments, or any of them as they beoome ,due, the parties of the first >>c.rt may e1eot to deolare the entire unpaid balanoe of the purohase prioe. with interest, at onoe due and J>ayable. and my bring suit and reoover (Judgment for the sumo. In the event that the partie 8 of tlle first part brin& suit upon this oontraot beoause of the default J :r ; .J I 'f " ., ;', '~":_:"L"~'~~ :~-;.: :~: <. .~'r.('~: ;~,:~<,,:~<,c.'::~:,~~_]/, ---------..- --.-- --~~~--_._~p~-_.. ~- ..... ,..~ - ;~'~;~}<f.':";~~:':.