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2. (a) Whenever General, its successors or ~ssigns, shali
notify PuYChasex in c~ritir~g that the premises are not in a reason-
able state of ~ppearance ar,d repair consistent with th~ gen~ral
appearance and st~~a of repair of the other properties withir the i ;r
im~sediate vicinity, the Purchaser sha21 accacsplish the required re- I
pairs or maintenance set forth in said notice within fif~teen (15j ;
daya after receipt of same. ~
~b) If the Purchaser sh~ll fail or refuse to uccomplish ~
r uired re irs or maintenance within the res~cribed time ~
the eq pa P ,
General, its suce~ssors ar assigns, actfng by and through its duly ~ ~
th r mises for the ur se of (
authorized ager~ts ay come upan e p e p pQ
doing th~: necessary work; Provided, hourever, that such work shall be ~ ~
limited to yaxd maintenanc$ in order to prevent an overgrown or ;
unkept appearance and to painting and minor repairs to the ex~eriar ~
of the building or bui3dings situated on the premises in ordez to ;
prevent an unsightly or unsafe ca~ditian. '
tc) The i-urchaser shall pay General, its successors or a~
assigns, witnin twenty (20) days after mailing by General of written
notice of #he amount of cost ~r expes:se incurred by it in accom-
plishing the work required by the notice to r~pa,ir and maintain; ;i
~rovided, fuxther, that the amount of money set forth in the noti,ce
of payment due sha~I include an all~wance for averhead not to exceed g;
15~ of the actua~l out-of-pocket cost or expens~e incurred.
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3. In the event the Purchaser shall fail or r~fuse to +
make pa~yment of any sua~ of money owing to General, within twenty z;
(20) days after th~ mafling by General of written notificati~n of
such payment beir~g due, interest shall accrue on ~h~ unpaid amount
at the maximum legal ra~e of interest in the State of Florida, and
General, its successors or assigns, may urdertalte collect3on of the'
sum which the Purchaser is obligated ta pay hereundeY, #ogether with
all costs of collection, including ~ reasonable attorney's fee.
Genexal, its succ~ssors ar assigns, in addit~.on to other remedies ~
pxescribed by Florida l~aw, may give notiee to thixd parties that it ~
has acquired a lien against the prop~erty foz said amount by fiiing
a Not~ce of Lien amorig the Public Records of St. Lucie County, w~3ch ~
lien may be foreclo~ed at any time by the pracedure specifiecl for ~
the fareclosur~ of inechanics' o= statutory liens by the Iaws of ~f~
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Florida. ~
4. Any notice required ta be given hereunder sha12 b~ i,~
deemed sufficiently given if sent by ~registexed or certi.fied maiZ, j~
addresse~i to ~General at 2828 Coral~Way, Miami, F1Qrida, and ~
addressed to the Purchaser at the address presently shawn c~n the ' ~
records of General to be the address of the t'urchaser, or ati such ! I
later addzess or addresses as General or the Purcha~er may here- i
after designate in wr~Lting to the other. ~
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5. This Agree~ent sha11 be binding upon the undersigr~ed ~
pa.rties and the3r respective heirs, successors, personal represer~- ~
~atives, administrators, ~xecutvrs and assic~ s, and shall be deemed ~
to be covenants xunning with the land. ~
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