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I Upon Seller so notii'ylng Purchaser of a proposed -sale and
Purchaser's failure to exercise option within the ten (10) day
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period, Seller shall be free to sell said property. In such case
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I the p~rchaser shall execute, acknowledge and deliver all instru-
I ments necessary to'effect a discharge and aatisfaction of record
I of the property involved under the terms of this agreement, and if I
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I Purchaser shall fail and refuse to do so upon demand, the purchaBe~
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I hereby irrevocably constitutes and appoints the Seller its
attorney-in-fact to execute, acknowledge, deliver and record any
o. ~,
a';~ t.
7
409
ST. LUCIE CQUHTT, rLA:
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I and all sUch ins~Fuments for and on Purchaser's behalf and such
I appointment is ~ereby declared to be coupled with an interest.
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12.
All rights under this option Article shall extend for
a term of two years from the date of this Agreement and shall ex-
pire on the succeeding day at the end of such term.
13.
In the event that the Purchaser fails to comply with
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his agreements, covenants and warranties to commence and complete
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I construction of the aforementioned road connected to and with
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Wright-carlton Road, as aforesaid, in Article I hereof, he shall
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forfeit and lose any and all rights to exer~ise the aforementioneCI
option, which option shall terminate and have no further force I
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and effect. In s~ch case, the Purchaser shall execute, acknowledg,
and deliver all instruments necessary to effect a discharge and i
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satisfaction of record of the property involved under the terms ofl
this asree~ent, and if the Purchaser shall fail and refuse to do i
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ar~oints the Seller its attorney-in-fact to execute, acknowledge, I
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coupled with an interest. However, it is intended that this reme-\
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so upon de:-nand,
the Purchaser hereby irrevocably co~stitutes and
deliver and record any and all such instruments fer and on Pur-
cr.aser's behalf, and such appointment 1s hereby declared to be
dy ~111 not be exclusive of any other remedy that the Seller may
have in the event that the Purchaser so defaults.
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