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agreed by the second party that it will not mine or cause,
authorize or permit any mining of phosphate, limerock, limestone,
clay, sand, oil, petroloum or any other mineral on the lands
herein described, without the prior written con~ent of the
first parties, and any violation of this covenant shall give
the first parties the option to declare a default and accelerate
the principal balance due to the first parties, together with
any other rights in case of default as otherwise provided. And
it is further agreed that, in case of any default on the part of
the second party as to either or any of the covenants herein
made and entered into, and a suit in equity is instituted by
the first parties to enforce their rights, the first parties
shall be entitled to apply to the Court having such jurisdiction
of such suit for the appointment of a receiver of all and
singular said property and the rentR, issues and profits there-
from; such receiver shall have the usual powers and duties,
including power to cultivate and care for said grove and trees
and to market any and all crops from said real estate, and to
collect any and all revenues derived therefrom, the same to be
applied by such receiver as required by law and under the
direction of said Court. It is further agreed by the parties
hereto that the mortgage mentioned herein shall contain similar
provisions as set forth herein.
II
8. Any default on the part of the second party shall
entitle the first parties to forthwith and without notice declare
all remaining unpaid amounts immediately due and payable; pro-
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vided this option shall not apply unless such default or defaults
shall
exist fo~ ~t:riod of-,g, day. s or Plo(;U:' ~7 //!"" Y j\-:-~,
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9. Taxes, hazard insurance ~&~~1. .rl .-" r~8 shall
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be paid pro-rata as of April 1, 1963.
10. It is agreed by the parties that a binder and
part payment in the sum of Forty Seven Hundred Fifty Dollars
($4,750.00) has been deposited with W. K. Coxe, Realtor, Fort
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