HomeMy WebLinkAbout1495
, O. R.
~nCl
7
45
'..J_llJCIE C0UtllTY, ~l,~. '
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Said parties of Second part flereby covenant and agree to pay
~ll taxes, I~~e~~ment~ or~imp~aitionl th8t may be legl11y,1evied
or i~po~ed on laid 18nd ~ubsequent to the year 1960. Second
parties further agree to kft!P the bul1ding~, now or herelfte!" on
ssid land fully insured in a sum not le'8s than S8,OOo.00, in
I company or companie~ accepttE1e to fir~t party, the ,polIcy or
policie5 to be held by, and pay~ble to the first party, a~d in
the avent any sum of money ~come~ payable by virtue of said
in~urancs, the fir~t plrt~hall have the right-to receive
anrl apply the same to the indebtednes~ he~by secured, accounting
to second p<'lrties for any ,s,-;,rpluso Second parties sIlO agree to
pay all co~t~, charge~ and .xpen'e~. la~er'l fees and title
se~,che~, reasonably incurred or paid by first party bec8use
of :-,h~ failure of !;econd partil!~ to promptly and f~lly comply
wi th <J 11 con0i tions and covenant~ in this Agreement. In the event
second par~ies fail to nay, when due, any taxe~. as~e~~ment~,
in~uiance pre~ium~ cr othp.r sums of money payable by virtue of
~hic Agreement, fir~t party may pay the same without waiving
OT ~ffec~ing their option ~o forec!o~e this Agreement, and all
~uch D<'lyment~ shall bear intere~t from date ~hereof at th~ hiqhest
lawful rate then allowed by the law~ of the State of Florida.
If any SUm of money herein referred to be not promptly
paid within FIFr~:~N (15) ciay~ next after the same become~ due,
or if each and eV8ry the ayreem9nt~, stipulations, conditions and
ccven~nts of thi~ Agreement are no+ fully performed, complied
with and abided by, then the entire unpaid balance of this Agree-
~ent shall forth~ith and thereafter, at the option of the first
party, b~co-e due and payable and .h~ 8~tate hereby created in
se cond pa rt1es ~ha 11 ce ase. terminate and be nu 11 and void. Further-
nore, +hi~ A9reemen~ ~hall, at th~ option of the parties of the
fi~5~ part, be fOrfeited and terminated, ~nd th~ partio~ of the
second r~rt ~hall fOrfeit all payment~ made by th~m on this
contractJ and such nayment~ shall be retained by the ~aid party
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of th9 first part in full ~ati~f8ction and liquidation of all
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