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polioy or po11c1ea to be held by, and paYkble to the said
f1rat part1es, and in the event any sum ot money becomes payable
by virtue of said insuranoe, the firat parties ahall have the
right to receive and apply the same to the indebtedneos hereby
aecured, acoounting to second party tor any surplua. Seoond
party also agrees to pay all coats, oharges and expenses,
lawyer'lS t'ees and t1. tIe searches. reasonably inourred or paid
by t'1rat parties because or the 1"a1Iure or Second party to
pro'aptly and fUlly oomply nth all oond1t1ons and covenant a
1n this Agreement. In the event Seoond Party taila to pay
lIhen l~ue, 0.."1.1' l,ltj~ep., a3SeSI:J1!lents, insurance premiums or other
Gum of Doney payable by virtue of this Agreement, first partieD
r.uy pay the same without waiving or affecting their option to
:"-Jreclose thi9 Agreement} and all such payments 3ha11 bear
interest t'rom date therp-of at the highest 1a.1i'u1 rate then
allowed by the Laws or the state 01" P1orida.
If I;\ny Bum of money here1n re1"erred to be not promptly
paid within FIFTEEN (15) dayg np.xt after the aame becomes due,
or if each and every the agreements, stipulations, conditions
and covenants of this Agreement are not tully performed,
complied with and abided by, then the entire unpaid balance of
this Agreement ahal,l forthwith and thereafter, at the option
of the First Parties, become and be due and payable, and the
estate hereby created in Seoond Party shall cease, terminate,
and be null and void. Furthermore, this Agreemer.t shall, at
the option of the Parties of the first part, be forfeited and
terminated, and the party of the second part shall forfeit all
payments made by her on this contractj and such payments shall
be retained by the said Parties of the first ~rt in fUll
sati3faction and liquidation of all dRmages by them sustained,
and the sald parties of the first part shall have the right to
re-enter and take possession of the premises aforesaid without
being liable for any action therefor.
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