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fORT PIKROB fIlWfOIBG . OONSTRUC'l'IOH 00. '0
LAJfD CONTRACT
1mS. !LOlA C. BROWllELL !:'1' vm
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THIS AGRE!U!HT made and entered into \h1e l'\h day of April. A. D~ 1925, by and
between the rOB! PIERCB PINABOn'G AUD CONSTRUCTION OOUPANY, a oorporation. (hereinafter oalled
the Company), and Mrs. IDa8 C. Brownell and R. B. Brownell ot Ueadville, and state of
pennsylvania, herelnafter oalled the Purohaser,
WITHESr~l That the Company hereby agrees to sell and the purohaser hereby agreea
to b~ Lot (Six) 6 Resubdivie10n Lot One Blook TWo, of 'ORT PIERCB BEACH, a subdivision ot land
in st. Luoie County, 710r1da, aooording to a plat of 8ftid subdivision reoorded in the oftioe
of the Clerk of the Ciro~it Court In and for said Oouuty at the prioe of $4000.00, payable on
the tollowing terms and oondltlous:
11000.00 oaeh \u hand. reoeipt whereot is hereby aoknowledged, and the balanoe of 8aid purohase
money. $3000.00 to be paid in the tollowing manner: 1600.00 on the 14th day o~ Ootober, 1925
$600.00 on April l.'h, 1~26; ~600.00 on Ootober 14th, 1926; $600.00 on April 14th, 1927;
1600.00 on October 14th, 1927; $600.00 on April l'th, 1928~
together with interest at 7~ per annum payable. to-wit: Jan. 1st; July 1st; of eaoh year, on
the whole sum remaining from t1me to time unpaid. When 8aid parohase prioe has been fully
paid b, the purobaser. together with interest as above stated -also all taxes, assessments and
other impositions that may be legally levied upon said premises subsequent to the year 192__,
the Company will oonvey the sald premises to the purohoser by a guod and suffioient warranty
deed free and olear ot any and all inoumbranoes. exoepting the taxes, assessments, and
impo8itions hereinabove agreed to be paid by the purohaser, whioh sald deed, however, it is
agreed shall oontain the following oovenants to run with the land:
(a) That no member ot the negro ruoe shall, direotly or indireotly, aoquire any
interest in the a~id premises, and in oaS6 of any violation of said covenants, title to the
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said premises shall ipso faoto revert to the -ompaoy.
(-) That the aaid premises shall be u8e4 only for Business purposes and when so
~sed the grantor shall forthwith provide for propel' sanitary disposition of aewage,
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(0) That no building or addition thereto shall be ereoted upon the said premises
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whereby tho front line ot Baid bul1ding or addition shall be nearer to the front line of 8aid
premia.a, and no re8idenoe shall be ereoted thereon oo~tlng less than ~4000.00.
(d) It i8 hereby 8peoitioally agreed that the 1cnlug System is hereby adoptee as
part ot the oonsideration of this deed.
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The Company hereby agrees to olear all LOts, grade and ourb all streets, lay
neoessary main lin8 sewers 80d hard surfooe ot least \en foot driveways.
All Iota shall be filed to an average elevation ot at least four feet above average
water in Indian River.
~The Company agrees to build two e1eatrio liBht 110es along the main streets to
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the Ooean Beaoh.
If IS !.It1lUALLY AGREED that the time of payment hereunder is the essenoe of thie
agreement, and that in oase of detault b~ the Purohaser in oar~Jng out any of the terms hereof
bl him to be performed either in the making of the several payments herein agreed to be made
by him. Of otherwise, then this oontroot shall there~pon be, aud everywhere be deemed to be
nllll aDd void, and any paymente theretofore made by the purohaser on this oontraot 8h~11 be
retained by the Oompany a~ Its own money, not as a torfeiture, but 88 liquidated damages hereb1
.~tually fixed and agreed upon b, the parties hereto. The reap80tlve benetita and obligation8
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