HomeMy WebLinkAboutScan_0197
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Seotion Thirty-three (33) Township Thirty-four (34) south, Range Forty (40)
East. County of st. Luoie, State of Florida, containing Six (6) aores.
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and the said party of the seoond part hereby oovenants and agrees to pay to the
said party of the first part the sum of Eleven Thousand Dollar9 1$11.000.00) in the maImer
following: $1,000.00 oash in 118nd paid, the reoeipt of whioh is hereby acknowledged;
$3000.00 upon delivery of desd andebstract ihowing a good, suffioient and merohantable
title to the party of the second part: $2000.00 payable on or before Jany. 20, 1926;
$2000.00 payable on or before Jeny. 20, 1927; $2000.00 payable on or befo~e' Jany 20, 1928;
$1000.00 payable on or before Jany 20, 1929.with interest at the rate of eight (8) per oentum
per annum payable on 20th of Jan & 20th of July of eaoh year on the whole sum remaining from
time to time unpaid after date of transfer of title deferred paymente to be secured by
mortgage; and to pay all taxes. aesessments or impositions that may be legally levied or
imposed upon said land subsequent to the year 1923.
And in case of failure of the said
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party of the second part to make either of the payments or any part thereof, or to perfQrm
any of the oovenants on her part hereby made and entered into, this contract shall, at the
option of the party of the first part, be forfeited and terminated, and the ~ rty of the
second part shall forfeit all payments made by her on this contraot; and such payments
shall be reteinod by the said party of the first part in full satisfaction and liquidation
of all damages by her sustained, and said party of the . first part shall have the right to
re-enter and take ~os8essioD of the premises aforeaaid nithGlt baing liable to
onTl" en'i-:i^Y\
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therefor.
IT IS PU?THE!{ UNlJERSTOOD AIID AGRERD by the parties hereto that i~ase of failure
of the said party of the first part to deliyer 8 good and suffici~nt deed with merchantable
title to the said party of the second part within a reesonable length of time, the said party
of the first part shall refund to the said party of the second part all payment~ made by
said party of the second part 6n this oontraot.
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IT IS~UHuERS~OD AltD AGREED by the parties hereto that the said party of the aecond
part shall enter and take posses8ion of the premises herein described, and by mutual agree-
ment shall improve said property in the way of taking care of the grove, cultivateing
fertilizing and etc. and should the fruit whioh is now on the trees on said premises
reach its maturity and become marketable before the transfer of the ti~l. to said premises,
the said party of the second part shall, by mutual agreement, have the right to sell the
fruit and retain the funds therefrom until suoh time as the party of the first part shall
determine ~hether or not she ca~me~ei__ ~eU ~t~,~.,~~, I]ar.t[ .f.~~?!~J!1c~n.l~~~~.L8.'~~ .l,;~.; d,~
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p~rty with a satfsfe.ctill tHle. ....H_,~ 1tA"''l~...-t~ ..J...LH~......t.I(., f--""""l U.f ,......,.,t- ~ ~{..."...
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AlID IT IS FURTHER UlfD::RSTOOD AND AGREED' that in event that the party of the first
part cannot make delivery of amerohantable title to the aforesaid described premises
within a r8asonable l~ngth of time, then the party of the firat part shall ~~ve the right
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to re-enter and take possession of th3 premises aforesaid without beIng liable to aoy action
therefor.
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IT IS UBDERS~OOD AlID AGREED t~~ th~ reasonable length of time as above referred to
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shall be obnetrued aa being within nine months from the date of tbis contract.
IT IS UUTUALLY AGREED, b,y and betw.en the parties hereto, that the time of payment
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spAll be an eS8ential part of this oontr~ot and that all oovenants and a~reementB herein.
oontained 8h~11 extend to and be obl\6atory upon the heirs, exeoutors, adm~nietrators
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or assigns of the respeotive parties.
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II WITNESS WHEREOf. the partie. to these presents-haTe hereun~o eet their hand ·
and seale the day and year first above written.
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