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HOOH E. GIBBS AUD WIFB
TO
AGRDUENT
l'iALDO E. SEXTON
ARTICLES OF AGRBEUEUT, Made this 24th day of Mnroh in the ye&r of our Lord one thousand
nine hundrea and 1~enty three BBT~BRH HUGH B. GIBBS AIID IVA B. GIBBS, hiB wife, of Grond
Batdde, Mlohigan parties of the firet pert, and WALDO B. S~ON, of vero, Florida, ~rty
of the seoond part,
WITNESSETH, That if the Bald ~rty of the seoond part sh~ll first make the payments
and perform the oovenants hereinafter mentioned on his part to be mud€ and performed, the
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8~id parties of the first pert her by ooveDbnt and agree to oonvey and assure to the said
party of the seoond pert, in fee simple, ol~ar of all incumbranoes whatever. by a good end
suffiolent deed, the lot,pieoe or paroel of ground situated in the County of St. Lucie,
~t&te of Florida, known and desoribed os follows. to-wit:
The West Eight and Sixty-six Hundredths (8.66) aores of i'r6ot .lour (4) in Seotion
Five (6), Township ~hirty-three (33) South, Range Thirty-nine (39) Bast, as the same is
designated on the last general plat of lands of the Indian River ~erms Co~any filed in
the office of th~ Clerk of the Cirouit Court of St. Luoie County, Florida, Exoept, however,
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the right of woy for public roads, draim.ge cbDals end ditohes ae sl:own on plat of said lands
made by Indian Niver ~armB Company.
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and the said :certy of the second part herebY,cov6nents and agree s to ll8Y to the said narties
of the first pert the sum of ~wo ThouBsnd one Hundred and Sixty-five liollars tn:1the mflnner~
following 'ive Hundred ('600.00) Dollars upon the execution and delivery of this contraot;
t.he sum of Eiehl. Hundred anci '.i:hirty-t\\o end 50/100 DolluTt3 on Oi.' ttifol'e ~roh
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11324; and
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the sum of bight Hundred and Thirty-t~o and 50/100 Dollars on or before Maroh 24, 1925
with interest at the rate of Six per oentum. per annum payable annually on the whole sum
remaining from tlme to time unpaid; and to pay all taxes, ~sseSLment8 or impositlons that
may be legally levie\l or ii!lposed upon said land subsequent to the yebr 1922, .And in oase
~fdthe failure of the said P6rty of the second part to mhke either of the peyments or any
pert theweof, or to perform any of the covenants on his pert hereby made end entered into,
this oontrect shall, at the option of the parties of the first pert, be forfeited and ter-
minated, and the party of the second part shall forfeit all paymente made by him on this
oontraot; and such peyments shall be re&ained by the said parties of the first ~rt in full
satisfaction and in 11quidation of all da~ges by them sustained, and 8aid parties of the
first pert ehal1 hove the right to re-enter and tske uOEseseion of the premises aforeseid
. without be 1ng lieble to any aotion therefor.
The pIll.ties of the first J>6rt hereby !lgree to ..y all taxes end essessments on eaid
land for the ye~r 1922 and for ell. prior years.
IT IS UUTUbLLY AGREED , by and between the parties hereto, that the time of ~eyment
s~~ll be an es~ential pert of t~is oontract. and that all oovenante and agreements herein
oontained shall extend to and be obligatory upon the heirs, exeoutors. edm1nistratora,end
assigns fo the respeotive partics.
IN ~ITUE3S t.HKHEO~, The parties to these presents have hereunto Bet their hands and
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seals the doy end year first above written.
Signed, Seelell and dellverei in presenoe of:
George ~ornga J As to Hugh 8. Gibbs
S. A. OaBe ) and IV8 B. Gibbs
.. L. Hemming8) .I. t .. ld .
.s o;"a 0 6.
Paul ~ernd t ) Sedon
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Hugh A~ GiI'be
1.,8 B. Gibbs
WaldO tit :)eoton
( Seal)
(S8el)
(Seal)
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8!ATB07 MICHIGAN 1EN! COUUTY.
On thi8 401 personalll eppeared before ~, en offioer euthori-ed to
.. take 80kl1owledg_
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