11/20/1974 (2) - Laserfiche WebLink

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ARTICLES OF AGREEMENT THIS AGREEMENT Made this 9th clay of October 1974, between the BOARD OF COUNTY COMMISSIONERS OF INDIAN RIVER COUNTY, FLORIDA, party of the first part, and the GIFFORD JAYCEES, INC. , party of the second part; WITNESSETH: That said party of the second part shall first make the payments and perform the covenants as hereinafter mentioned on its part to be made and performed and the said party of the first part hereby covenants and agrees to convey and assure said party of the second part, its heirs, executors, administrators or assigns in fee simple and clear of all encumbrances by good and sufficient deed, the land situated in the County of Indian River, State of Florida, known and described as follows, to -wit: Lot 9, Block 9, SMITH PLAZA SUBDIVISION, as shown in the official records of Indian River County, Florida, in Plat Bk 1, page 18 and said party of the second part hereby covenants and agrees to pay to the said party of the first part the sum of $1, 200. 00 in the following manner: A minimum payment of $25. 00 per month until the total sum due is paid. Said party of the second part further covenants and agrees to pay all taxes and assessments and impositions that may be legally levied or imposed on said land, subsequent to the year 1974, and to keep the buildings on said premises insured in some company satisfactory to the party of the first part . .and payable to the parties, respectively as their interests may appear in a sum not less than $1, 200. 00 during the term of this agreement and to further maintain a policy of general liability insurance in an amount not less than $100, 000. 00 upon which the party of the first part shall be shown as an additional insured. In addition, the party of the second part covenants and agrees that these Articles of Agreement are not subject to assignment without the written consent of the party of the first part. In case of the