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an undivided one-half interest ill said lands.
IT IS t'l!D~STCOD. ~hat the purohase prioe for said lands is SEVZliT:;SU THaJ SAlin :?0t'R H~mDR:~D
PI~TY (t17, 460.00) Dollnrb t which sum the ssid 'pB:i-ty 'of the second fort vovenants f\nd agrees
to pay to the said parties of the first part in the form and manner following:
~IVE Ht~l~~D ($500.00) Dollara cash, the receipt whereof is hereby ackn~wledged;
SIX ~~crS~;D (t6.000.00) Dollars cash on the 15th day of January, 1925, on which date the par-
ties of the first part agree to- deliver to the rarty of the second part a good aud suffioient
wa~r8ntj deed to said lands. \Vhereupon and contemporaneously therewith the said second party
shall execute Bnd deli~er to the snid first partiea his two certain promissory notes each in the
sum of SIX HtmL~3D liHE't'Y 7i!:tER ($693.00) Dollars wi th interest thereon from date at the rate
of eight (8) per cent per an.:um payable semi-annually, aud to becon:c due and payable on the 15th
day of January, 1926, and the.15th day of January 1927, respectively, together with his certain
mortgage deed on the pre~ises so conveyed as security ther~for, and which shall constitute a
third mortga~e thoreon, subject to those two other mortgages hp.reinafter mentioned.
I~ IS ?l~T~r~ AG~3~D that as a part of the consi6eration for 8aid conveyance, the party
of the socond part shall assume the ~ayment of those two certain ffiortgag~s on said r-re2ises as
follows:
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(1) ~hat certain mortgage for ~IVE lHOu~MID ($5,000.001 Dollars executed by U.V. ~aunce
and ? Belle ?aunce, r.is wife, to Francis Younghusband on the 220d cay of April, 1924, and re-
Q')!"Qed in ~1C'!"te!!e~ Eo:-o:.>k 19, r~e-=- l:>~. Pllhli~ Rp~ol"dR of St. T.ucip. COllnty. ~lol"if.~. wi1i~h eeid
mortgage was given to secure the t~o promissory notoB of 6~en dste therewith each in the sum
of TWE~TY FIVE Hmln~~D ($2500.00) Dollars and payable on. or befc~~cne and two years after ~he
date thereof with interest from date at the rate of six per cent pe~ 8Imum until paid, interest
pSJeble semi-annually.
2. ~hat certain other mortgage for !In;E THOUSAliD FIVE H:mL:t~l.l 1IXTI rot'!{ (t9,564.00)
Dollars executed by A.~. Trafford and ?earl H. Trafford, his wife, to W.V. ?aunce on the 16th
day of August, 1924, and recorded lr. !.:ortgage Book 21, Page 35, Public Records of St. Lucie
County, ~lorida, which said mortget:e was given to secure three pr:missory notes of even oate
therewith, each in the surn of '1'IE~3 TEOUS)~m CHE RiJUD'1ED ZIGH~Y EIGHT ($3,188.00) DOllara, due
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and payable respectively on or before April ~2, 1925, April 2:. 1926, and April 22, 1927, ~ith
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interest from date at the rate of eight per cent per ennum until paId, interest pa:rable semi-
annually.
I~ IS ~TP3~ UH~E~S1'OOD Ml~ A.GREZD ?hat the amo~nt paid b:r said perty of th3 second
part in full ~atisfsction of the FIV3 TSOUSAUD DOLLA~ mortgage given by W.V. ?eWlce and ? Belle
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?aunce, his wife, to E'rancis Youngbusband, as aforesaid, shall be deducted and credited against
the NINE ?HOUgM~D ~IVE W~?~!{~D SIXTY FO~ DCLL~~ llortgage given b7 ~.R. ~rsfford and Pearl IT.
Trafford, his wife, to f..V. Faunce, as aforesaid.
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IT IS ?U3?H3R AG~SED th~t the parties of, the first part shall furnish to the ~arty of the
secohd part an abstract of title to said lands showing a good merchantable title thereto.
IT IS ?L~T~R mmBRS?OOD }~ID AG:tEED between the parties to this contrsct that if the party
of the second part dOQ8 not perform the covenants on hIs pert made and ent~red into, then the
am~~nt that has oeen paid to the parties of the first part by said party of the second part shall
be retaine~ by the parties of ~ho first part as liquidated damages. -
'IT Iq tW1UALLY ~G~~D, b:r and between the parties hereto that the time of pa:rment shall
be an essential part of this contract, end that all covenants anu agreements herein contained
shall extend to and be obligatory upon the heirs, executors, administrators and asoigns of the
respective parties.
III WI'l'ljZ3~ i/P.3RE01, the ~artles .to these presents have hereunto set their handa and sehle
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