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to, the South line -t ~aid Seat ion 32 ~hioh i8 the point of beginning; thenoe rWl west on a III
11ne parallel with the South line of said Seotion 32 to the watara of the Indian ~iver; thenoe
. run No~h and follow the ahore ot the Indian River to a point whioh is t~enty-fou~ hundred
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feer north of, measured at right ongles to, the south line of said Seotion 32; thenoe '88~ on a
.line parallel to the south line of sa id Seot ion 32 to the shore of the Atlantio Ooean; ~thenoo.~:~
south follo'dng the shore cf the Atlantio Ooean to the point of beginning; together with all
;riparlan and littoral rights thereto belonging or in any wise appertaining.
'The l'urohasers agree to pay the Owner for said lands the Stull of ~ane Thousand
.Dollt1rs$C9,OOO) in the mannor follo1iing, to-wit:
'h"enty-five Hundred Dollars $(2600) oash, the receipt of \\'hich 1s hereby aok-
nowledged; Twenty-one HWldred Sixty-six Dollars and Sixty-six cents Oile year after date;
T~enty-one Hundred Sixty-six Dollars and Sixty-six oents ~wo years after date, nod ~wenty-
one Hundred'S~ty-six Dollars an~ 3ixty-six oents three ~ears after date, said deferred
:pay:::ents to beur interest at the rate of eight per cent per arumm fro~ this d5.te, !,uya,ble
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,semi-annually.
The oonve;rance of said laud will be subject. to tr.e reserv~tions a!id restrict-
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ions ::let forth in that certain deed from the Trustees of tl:.e Internal In:.pr;)Tec:ent fund to
asidG._. Binabam, dated Ootober II, 1923, recorded in Deed Book 53, at page 367, in office
of the Clerk of the Circuit Court of St. Iucle County, ~lorida.
The taxes for the year 192~ against said It.nd st.nll be prorates, the Comer
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paying one-half thereof and the !-'Urch~3ers r-aying one-half thereof. The lurohasers shall ray
, all tuxes or impositions legally liv~ed or i~rosed upou said land subsequent to the year
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1924.
At the end of said term of tl:.rev ye",rs the ~rchasers haying kept and !erfor-
r::ed ull of the teros and conJltio!ls of this agreer.ients, the Owner 'o\"ill execute ur.d deli.er
to the l'urohasees & wa.rranty deed of conve:iatice for said land 'in scao!'dance with the pro-
visi')l1s of this agreerr.cnt, 3t;bject to said t&.xes, reserYl1tione e.nd restrictions as l:erein
:provided.
The fro\"ner will also furnish and del her to t"e l'Urchasers as sbstn:.ct cf
title to said 1a;ld at least tt.ree g:')l:tha bef;)re the filial :p::y:r.ent becalr.es due and pa~-
able under this c:mtract, and upm a c,)nve~-anoe being r;'.ade. said land shall be fr{;€ and
olear of all liens and encur:;brances excel't taxes and excer;t as to the reseIv;J.tions end rf;i-
striotiJns hereinbefore referred to.
Time of l'ay~ent is of the esaence 0 f thia hgreet!ent. and if ~~e Purchasers
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shall fail to lr.a~:e any of the payn:.ents or to :perform any 0 f the c'Jvens.rJts of this agreement
upon his part to be made or perforffied, the Owner may. at hia options forfeit and ter~ina~e
this agreereent, and it is eXJressly stipulated &~d agrred that all ~6yrrents.t~eret'fore
nade by the !~rohaser to the Owner hereunder shall be retained by the ONner ~a 11quid~ted
damages for suoh lareaoh.
?he ter~B, atipu1ations, oonditions and provisions herein shall extend to and
be obligtitory upon the heirs, executors, adminiatratora and ~ssigns of the respective par:ie.
to this agreement.
II: 'r.I:lm~33 \,.TI.:';~O?, the 1& rUes hereto h&ve hereunto S6t t~ir hands and seals
too day and year firat alioTe written,
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Har91,d
(SEAL)
(SEAL)
(BUL)
.._CSlW.)
o. Ji_ Rtni'h.&m
Jerome i1"unar
RAil"ol~~ l'.l,pder