HomeMy WebLinkAboutScan_0254
254
AGRB;:}..fE};T.
THIS AGRE~.~NT made and enterod into this 1st day of Ury 1924. between E. A. Holbrook. of
Fult~p County, Georgia, Thad B. Johnson. of Fulton County, Georgia, end Clarence S~merlin o~
St. Luoie County. Florida,
WI~IESSETH: WP.s!3AS, s81d Holbrook and Johnson ore the joint ownere in fee simple o~
a traot of land known as section 18, township 36, Range 38 in St. Lucie County. ?loridB. cc~-
prieing ~ix h~ed .~nd forty aoree, more or less. each of 8aid parties, to-wit: Holbrook
and Johnson oW#1ng an undivided one half interest in the same, which sdd land is now being
~eveloped for the purpo3e of growing and marketing fruits and vegetables, and
WHE~S* it is the desire of all ti:e parties to this agreement that said Swumerlln be-
1~ .
i
,
-
-
-
~ - ~- ~ - -~- ~-
-- J7
-
-
'V
~
-
E. A. HOLa~OOK & TKAD B. JOHNSON
to
CLA.qEllCE Sut!lJERLm.
come associated with the seid Holbrook and Johnson in the ownership and de~elopm€nt of said
prOf erty .
NOW, Therefore, in consideration of the premises and in oonsideration of the agree-
ments, hereinafter eet forth, it is agreed between the parties t~i8 instrument as follows:
1. Said Holbrook and Johnson agree to eell to said Sur~erlyn and said Sl~~ilerlin egrees to
purchase from 8aid Holbrook and Johnson an undivided one third interest in and to said propert7
for the sum of eight thousand dollars, which sold Sl~ th;~d S~erlin agrees to pay, with-
out interest. on or before lYey I, 1932, and said Sur:m:erlyn also agrees to pay 88 the oame
matures one third of the eXI,er.gea In(;lu'reu 111 the developn:ent of sai d lancs ana 1n the mar~et-
ing of the products of the aame from find Rfter Key 1. 19~4. and it is agreed between ~he pa~-
ties hereto that any and all profits deri~ed fro~ the operations conducted on said land shall
be divided equally, t~at is to sey, one third of such profits shall belon5 to B.A. Holbrook.
one third of such profIts shall belong to Thed B. Johnson, and one t~ird of such prc~its shall
]
belong to Clarence Sun~~rlir., from and after Cay I, 1924.
2. S~id HolbrOOk and Johnson agree that upon the payrr,ent to the~ b~ said SU~~ierlin of said
purche<>e price of eight thol.<sand dollars they. will r::ake to sai d Blttll!lerlin a warranty dead con-
~eyin8 to seid Summerlin, hIe heirs or assigns, all w:dlvided one third interest in and to seid
land.
3. It is agreed between all of the parties to this agreen:ent that for 8 perlod of twenty
years from this date neither of said parties will sell, transfer or assign, or in any way create
any incumbrance on. his interest in said lend, to any other persan. firm or ccrpora:ion, excer~
eftcT he has made to each of the other parties to this sgreement B proposition in writi~g to
purch~se ~he intorest of such other party or to sell his o.rr. interest to such other party at
a price to be Damed by the party desiring to buy or sell end waking the proposition.
The }P. rt~.
making the proposition to bUJ or sell ~h8l1 name the seme prioe at which he is willing to buy
or sell, and Baid party wakinf the prDposition shall allow the partl to whow the prvpositlon
is made ten days ti~e In which to accept or rejeot the proposition.
In Witness whereof each of the parties to this agreement has h~reunto set his hand and
affixed his .eal this the lAt day of llay 1924, this aireement being executed in triplicate.
Thad B, Johnson (Seal)
Clarence Surr~erlin ISeal)
tJ
.
j
I
Attest to signatures of ~.A.
Holbrook and Tnad B, Jvhn~~n.
Thle let day of Uay ~.D. 19~4,
c. L. Lambert.
u. P. State of Ga, at Large
My Cv~misslon expires Dec. 25, 1925.
E. ~. Hol~rook (Seal)
\
\
~~!i~,~t~~~~