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'Said nartifJ' of Uie s~cond ()Irt hereby covenant and 'ttJf!'1€' to nlY
all t~XftSj atu.~sl?Mnt.. or imflo,lti.on~ that m.ly be l~gll!.y levied
or Imnosed on said land aub~cquent to th~ yn3r 19b1. S~cond
piJft.ies furttliH aqr~o to keep thp, bui1ding~. now or her63fter orl
&8id land fully inSU'rf1d in d sum not latH! th.n "I,OOQ,OO. in I
COmNtny Of' comnllnios iI(;certable to first f)3rt'f, Hie pollc.y or
oollcle~ to be h~ld by, ~nd oayable to first narty, and In thp
~v@nt any sum of Money becomes o.ya ble by virtu. of said J.f\s\.Intnc'-',
the first narty !th~dl have th~ right to recI'}ive and apply t.he SiHI'FS
to the indebt.,dn;!l& hereby secur@d, M;counting to lp.cond n~rties
fOT any !Urol\IS" Sttcond \:Hrtiet. ~lfoo &qreff to r.ay all cost&,
ch,1np:~5 and eXtH~nSl!t-S, lawyer''!> ft?e5 and titl~ fl,'.urcht'lf" rea&ollably
in C \J r r '" d 0 r fl aId by f! r s t f' 8 r t y be C AU' ~ (} f t h ~ f. 11 \.l" 0 f &e (: 0 n d
o ~ Y't i ~ s top r ~p tl y ~ n d f \J 11 y c 01'lp 1 Y wit h . 11 c on d i t i on ~ and
covenants in thif. Ag't~eroont. In t.he @v~nt s~CQnd pit'ths faU to
nay, wh~f\ du~, ;;ny taxeS, J)sse!isrMnts, In'\HafH;~ oremiW'l'I& or other
~um~ of '''1\()ney o6yabi~ by virtue of thi~ Agr"'f~mont. firt,t nt\l'ty mAY
flay the S~~ without w~dvin9 or aff~cting th~ir option to fo}'@clof.8
this Agrei!rflent. <'Jnd ~ll ~uch plfY:Mlits snail b~ar inttH...,t from date
thet"eof at the high.~l: la\lllful rate then 311owl!d by th~ LiwS of the
Stat~ of Flo~id..
If any 5\lrtl of money herein r~ferlfj'd to he not Pt'ompt.ly
n~dd with fIfTEEN (l~) days next C'Sft6T the ~6me bfl'cQI'MS due. or
if e;>cn and every the lJgrfterrJenti. st1pllla~ ion~1 conditions and
COVfJnsnts of this Ag't@e:lJar'lt in'a not f\llly performed, comolied with
~r.d IIb!.dtld by; therl the ontire unpaid balanc":' of thl' Agreement
ah811 forthwith and thertt~ft~:r, it the option of u~ fir6t party,
b!'corr~ du~ and n~yable.end u\~ e8t6t~ h~n"@by c roated in ~econd
pilrt1o~ sh&ll Cfl4ae. terminate ;Hid b>l null and void. further-I'i",ore,
this M.jre61fent $halJ.. ,t the option of the n~f't'f of the fL~t part~
b~ f arfet t~d and ti\!'minated. and th~ oaTti~~ of the ~atf,xld pdrt jh.d 1
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