HomeMy WebLinkAbout1995 2. (a) Whenever General, its successors or assigns, shall
natify Purchasez in wz3ti~g that the premises are not in a reason-
able state of appearance and Yepair consistent with the genexai
appearance and state of repair af the other properties within the
immediate vici~ity, the Purchaser shall accomplish the required re-
~airs or mainfen~nce set forth in said notine within fffteen (15)
days after receipt of same.
(b) If the Purchaser shall fail or refuse to ~ccomplish
the required repairs or maintenance within the pr¢scribed time,
Ger,eral, its successors er assigns, acting by and through its duly
authorized agents may come upon the premises f4r the purpose of
doing the necessary work; pxavided, hawever, that such work sht~ll be
limited to yard ma%ntenance in order to prevent an overgrrnvn ox
unkept eppearance and to painting and minor repairs to the exteriox
af the building or buildings situated on the premise~ in oxder to
prevent an unsfghtly or unsafe condition.
(c) The Purchaser shall pay General, its successors or
assigns, within tw~nty (20) days after mailir~g by General of written
noti~e of the amount of cost or exper:se in~urred by it in accom-
plishing the work requi~~d by the notice to repaix and maintain;
Provided, further, that the amount of money set farth in the not~ce
of payment due shall include an allowance for overheacl not to exc~ed
154~ of the actual out-of-pocket cost ar expens~ incurred.
3. In the event the Purchaser shall fail or refuse to
make payment of any sum of maney owing to General, within twenty
(20) days after the mailing by General of wr3tten notification of
such paym~nt being due~ interest shall accrue on th~ unpaid amount
at the maximum legal rate af interest ia the State of Florida, and
General, its successsoxs or assi.gns, may undertake coll~ct3on af th~~
sum which the Purchaser is obligated to pay hereunder, together with
al~ costs of collection, including a reasonable attorneyts fee.
Genesa~, its suecessors or as$igns, in additian to otheP remedies
pre~cribed by Florida law, may give notice to third parties that it
has acquired a Zfen against the property for said amount by filing
a Notice of Lien among the Public Records o~ St. Luci~ Caurty, whicri
lien may be foreclosed at any time by the procedure specified for
the fore~Iasure of ~echanics' or statutQry liens by the lacvs csf
Flarida.
4. Any noti~e required to t~e given hereunder shall he
deemed sufficiently given if sent by registered or certified mail, ~
addressed to General at 2t328 Coxa1 k'ay, Mi~ni, Flaxida, and
addressed to the Purchaser at the address presently showr? on the
reca~rds of Genera2 to be the address of the Purchaser, or at such i
1at~z address or addresses as G~neral or the Purchasex may here- :
after desi.gna?te in writing to the other. '
5. This Ac~reement shall be binding upon the undersigned
parties and their respective heirs, succ~essors, persorial represen -
tatives, administxatozs, exe.cutors and assig~s, arid shall be deemed
ta be covenants running with the la~id.
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gV~RK 12~. ~.93