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8b~r, li fAr~vllO
ST. LUC~ COUNTY. fLA!
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parties of the first part in full satisfaction and liquidation of
all damages by them sustained, and the said parties of the first
part shall have the right to re-enter and take possession of the
premises aforesaid without being liable to any action therafor.
IT IS MUTUALLY AGReED, by and between the parties hereto,
that the time of each' payment shall be an essential part of this
contract, and that all covenants and agreements herein contained
shall extend to and be obligatory upon the heirs, executors,
administrators and a~igns of the respective parties.
AlID the sec~nd parties hereby furthe~ covenant and agree to
pay promptly when due the principal and Interest and other sums
of money provided for In the foregoing Articles of Agreement; to
pay all and singular the taxes, assessments, levies, liabilities,
obligations, and e~umbrances of every nature on said property;
to permit, commit or sufrer no waste, impairment or deterioration
of said la~d or ,the impr~vements thereon at any time from and afte
Its condition at beginning of occupancy by the second party;
to keep the buildi~gs now or hereafter on said land fully Insured
in a sum of not l~ss than the aggregate unpaid balance hereunder
In a company or companies acceptable to the first parties, the
policy or policies to include fire and extended coverage and to be
held by, and payable to said first parties, and in the event any
sum of money becomes payable by virtue of such insurance the first
parties shall have the right to receive and apply th~ same to the
indebtedness hereby secured, accounting to the second parties for
any surplus; to pay all costs, charges ar.d expenses, includin~
lawyer's fees and title'searches, reasonably incurred or paid hy
the first parties because of the failure of the second parties tc
promptly and fully comply with the agreements, stipulations,
conditions and covenants herein; to perform, comply with and abide
by each and every the a9reements, stipulations, conditions and
covenants set forth herein. In the event the second party fails
to pay when due any tax, assessment, insurance premium or other
sum of money payable by virtue of this agreement, the first partie
y pay the same, without waiving or affecting the option to fore-
close or any other right hereunder, and all such payments shall
bear Interest from date thereof at the highest lawful rate then
allowed by the laws of the State of Florida.
't
IF any sum of money herein referred to be not promptly paid
within ten days next after the same becomes duel. or if each and
every the agreements, stipulations, condItions and covenants of
said agreement are not fully performed, complied with and abIded b ,
then the entire sum mentioned In said agreement or the entire
balance unpaid thereon, shall forthwith or thereafter, at the
option of the first parties, become and be due and payable, anythi 9
in said agreement to the contrary notwithstanding. Failure by the
fIrst parties to exercise any of the rights or options herein
provided shall not constitute a waiver of any rights or options
under said agreement accrued or thereafter accruing.
IN WITr~SS WHEREOF, the parties to these presents have
hereunto set their hands and seals the day and year f!rst above
written.
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L.S.
SIGNED, SEALED AND DE' ~~RED
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L.S.
L.S.
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