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, Wi 13 NCf386
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Privll-.ge i_ hereby given ~o parti.. of t.he
.econd part ~o pay ODe or ~re iDa~aI1-nt.
CD auy ~t.hly 1natal~Dt ..urity ~e.
w1t.hout.- "!l.l~y. lN~ i:lUa _hall ~ extend
the ~1Ju of aRuri~y oE any _Wt.equen~
-.th1y ~ daU.
Said partie. ~ the ,_ee'" part he~ covenan~ and
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agree to pay &1.1. ~ax... ......-n~. or .1JIpo.itiona that may be
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~egally l.vied on .aid lan4 .ubaequan~ ~o the year ~960. Second
par:t;ieJl further a;r.. to keep the bu1).dinga hereafter erected or.
"..i4 land fully J.naured in,. coatpany or co.pan.1es acceptable to
the _.-t.t.rn Partie_I' the policy or po~icies to be held by" emd pay-
abl8-to first parties. and .in the even~ any SWll of .:>ney becomes
payab~e by virtue of said iDaurance,. 1-.he fJ.r.~ parties _hall have
the right to receive and apply t:he .... to the indebtedness here-
by aecure~ acooUJl~1Dg to .ecoM paAi.. for any .uxplua. Second
parties alRo a;zee t.o pay al.l. coa~.. aharge. and expenseD. lawyer's
f..s and titl. ..arche. reaaon.a1)ly J.Dcurnd or pa.1d by first par-
t.ies becaWle of the failure of .econd parties to promptly and ful~y
COIIIIWly nth aJ.l condJ.tJ..ona and covenant.. in this agreement. In
~e event. second part:l.. fail to pay. When du., any tax.a. asses.-
.ants. .J.n8urauc. preaJ.UIUI or other INIU of -.n.ey payable by virtue
of 1:h1.a agre~. fu.t. part:l.. ..,. pay the .- without waiv1Dg
or affect1ng t:.he.ir option to foreclo.. ~ _r....nt. and all such
p~_ .hall. Mar 1at.ex.ft fzoa dirt. he:lo.-.of at ~he higheat lawful
rat.. t:be.ll allc:r.M4 by ~e Lava of the ft.at.e of Floric:JA.
Xf any .a of ~IMIY heJ:'ein n&r~ to be not prOlll)Jtly
paid with1n t:hirty (10) day. MXt after the .... becCllM. 4\:., or
:If .-ah IUMl evexy ~ ..n....,at... .~"J.ou. coD41tioDa aDd
coven... of t.h1a -,0-." aze Jl~ fu.Uy plrfo~ CCl91JAd w:lth
ancI abidecl _. ~ t:M atin u~cl ba.laaa. of ~ Agre._=
shall fo~tJ1 ... t.Mnaftar. K t:.he optJ.Qn of t:M f1rn. parti..
1Ieca:r .. .... PlrUl-e a.4 __ e_._ ~ c~ed 1D ..cond
paft1M ..11 a__. -t...t.... ... .. .u. aa4 void.. JIurthe~re.
t.hiJa Agxal 1It~' '. '* t:M - apt.u. o~ tM f1nt. paRie. be for-
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