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HomeMy WebLinkAbout2891 ~,R: ~;.', s 6~J I ~T. LU:~:E CUN'Y, FlA, --- (b) Upon the sale of said property by the l'rustee and the dis- tribution to the beneficiary(iea) of his (their) resp~~tive portion of the proceeds and security received in connectir,1l with said sale, the Trustee will thereupon be relieved and released frem all obli- gat~ons hereunder; and (c) The Trustee shall never become liable to any beneficiary [or any action taken by him pursuant to the provisions contained in this Article "2". 3. THE BENEF Ie 1AR IES UNDER THIS TRUST covenant ami ..1gree, with e..1ch other, as follows: (..1) That they will pay their proportionate share of all t..1xe~ asse5s~J --------. agdu1st said proper:::y, anJ the interest and principal pdyments mdtlll'-- ing unuer the purchase money mortgage hereinabove referred to; J.nd tlut the payment for the Lixes shall be made within fifteen (lJ) Ud)''' after the same become due anJ payable, and that the payment to be mau( on the note secured oy said mortgage will oe made not laler than fifteen (l~) JJ.Ys prior to the maturity date, as distinguished I_ru. the grace or acceleration date, of CJ.ch mortgage pdyment. The lJd)- r;lellts herein required to be made shall oe lfhlde to the 1rustec ,",,'he \,Ll' thereupon be charged with the oblit',dtion ot et:fecting pdymenl 01 Lt l taxes and :nortgage payments. The term "taxes" as u~eJ herein, ;iC.);,> dny and all assessments dnJ levies ot any governmental d6cncy \o,'ili'-~l affect the trust property; and (b) in the event any beneficiary defaults in pay~nb his proportiollat t' share of the tdxes and lP.ortgage p<.1yments, dS required in the prccedin,' pdragraph hereo f, then the other bene [ic iar ie s may ddvance the .lITOU[ t \,'hich the defau lting benefieLHj is required LO pay, ,md the -1nlounL so :Hivanced by said beneficidries will be s~,-ured by d lien ...i.c.,l.iIl.-;l the de faulting beneficL.lry I 5 interest in the trust property, and tLl~ - J- !\\l'~IiI"--'-- ~ - -~