HomeMy WebLinkAbout1977- ~ .
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CT. IUCIE COll~ITY. FIA,
. monthly paymelnt, the sum of ~2,~7 is
being applied t.o insurance. on said -prop-
erty, the annual premium of which is -
estimated to ~e X30.87. The parties of
the first part agree to maintain such
insurance in full force and effect through-
out the life of this Agreement. Should
subsequent annual insurance premiums be
lncreeaed or reduced, the monthly payment -
shall be adjusted accordingly.
d the parties of the second part further covenant and agree as
follows:
1. To pay all taxes, assessments, or impositions that-may be
legally levied or imposed upon said land subsequent to the 31st
ay of December, 1961. ,, ~ `
2. To maintain in a state of good repair the building ~itu-
ted on the above 'described property and to suffer no waste or
impairment of the same, reasonable wear and Lear of Lhe same I
xcepted•
3. To allow no liens Lo be placed on the above described
property for materials furnished, or labor performed thereon and
if any such liens are so placed, the same may be paid by the
parties of the first part and each such payment, plus interest
thereon at 81G per annum, shall be added to the unpaid balance of
this Agreement.
!t. To pay a reasonable attorneys fee and all Court costs
hould the parties of the first part be forced to take legal actin
o enforce the provisions hereof, or should the parties of the
econd part breach this Agreement and refuse to quit the premises,
aking it necessary to bring eviction proceedings against them, or
hould the parties of the first part be required to foreclose this
.greement.
5. To promptly pay each and every installment hereunder as
the same becomes, due, time of payments bei ng~ of the essence.
NJW, if the parties of the second part shall make the payment
and perform the covenants hereinbefore mentioned on their part to
be performed, then the parties of Lhe first part will forthwith
tender a good and sufficient deed with documentary stamps affixed
thereto, in a proper amount, to the said parties of the second
part.
IIv THE EVENT OF FAILURE of the said parties of the second
part t.o make any of the payments, o r any part thereof, promptly
on the dates specified, or fail to perform any of the covenants
on their part hereby made and entered into, this Contract, shall,
at the option of the parties of the first part, be forfeited and
terminated, and the parties ~f the second part shall forfeit all
payments made by them under this Contract; and such payments
shall be retained by the said parties of the first part in full
ROYCE R.LEWIS ~~satisfaetion and liquidation of all damages bythem sustained; and
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,YMw~:[TN[wT[[.LD.. the said parties of the first part shall have the right to
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