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' 3a~d, partiei of the •eeoAd :ptri~` rgreb#, Qova~p4 i~d~ ~t~e, to 'pal
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ell to:~s, us~sasants or iopoaitio~ thati lrayr 'bo lr~s~l~~• li-~nied
or iapoaed oei said land anbsegnwt to tie Leo! .160.: ~
parties. lwu~ttier a ree to ltes the ~buil ~~
g p digs, now or t~)rrealter on
said land folly insus~d ie a rvu~ net loss than ~B,O~O.Od, la a~
cosrpa~ or ooapaal.ea acceptable ,ta .Brat •part~i ,the polley or
polioles to De geld bT, 1-nd pa~ble to rirst party, and in-the
event any aua of coney beoe~e~ payable b~ rirtna o! -said insaranae,
the first party shill have the .right toreo.eive and apply the scare
to the indebtedness hereby secured, aooountins to seoond parties
for any surplus. Second parties also agree to pay .all. costs,
charges and espsnses, lawyers tees and title searches, reasonably
incurred or paid by first party be~aw~-=~ v~ ~ she lailnrs of seoond
parties to promptly and fully oosrply -~fth x.21 conditions and
covenants in this Agreement. In the event seevnd parties fail to
pay, when due, any tazea, aasess*enta,- lnauranos presriwra or other
suias of Honey payable by virtue of this Agrsearent, first party slay
pay the sans without waiving or alfeoting tbsir option to foreclose
this wgreeaent, and all such payasnta shall bsair ~pterest frost date
thereof at the highest lawful rats tbelt allowed by the Laws of the
State of Florida•
It any suas of money herein referred to '6e not promptly
paid with FIFTSBg (15) days•nest after the scars becomes due, or
it each and every the agrsssrsnts, stipulations, conditions and
covenants of this Agreement are not fully perforsed, complied with
and abided by, then the entire unpaid balance of this Agreement _
shall forthwith and thereafter, at the option of the first party,
bscoare due and payable and the estate hereby created is seoond
parties shall cease, terminate and be null and void. Fnrthersrore,
this Agreement shall, at the option of the party of the first part,
be forfeited and teratinatsd, and the parties of the seoond part shall
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